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   "value": "<div class=\"t m2 he ff1 fs8 fc2 sc0 ls1 ws0 gse1\">1<span class=\"ls8d\">. <span class=\"_ _8\"> </span>Basis o<span class=\"_ _1\"></span>f pr<span class=\"_ _1\"></span>eparatio<span class=\"_ _1\"></span>n and a<span class=\"_ _1\"></span>cco<span class=\"_ _1\"></span>unting polici<span class=\"_ _1\"></span>es<span class=\"_ _3b2\"> </span></span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gse2\">Leg<span class=\"_ _0\"></span>al &amp; Gene<span class=\"_ _0\"></span>ral Gro<span class=\"_ _0\"></span>up Plc<span class=\"_ _0\"></span>, a pub<span class=\"_ _0\"></span>lic limi<span class=\"_ _0\"></span>ted co<span class=\"_ _0\"></span>mpany in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>ora<span class=\"_ _0\"></span>ted and do<span class=\"_ _0\"></span>mici<span class=\"_ _0\"></span>led in E<span class=\"_ _0\"></span>ngla<span class=\"_ _0\"></span>nd and Wales<span class=\"_ _0\"></span>, op<span class=\"_ _0\"></span>erates ac<span class=\"_ _0\"></span>ros<span class=\"_ _0\"></span>s three br<span class=\"_ _0\"></span>oad bus<span class=\"_ _0\"></span>ines<span class=\"_ _0\"></span>s </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gse3\">areas of insti<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>al retire<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt, as<span class=\"_ _0\"></span>set man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt, an<span class=\"_ _0\"></span>d retail (in<span class=\"_ _0\"></span>sura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e and retire<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt), throu<span class=\"_ _0\"></span>gh its su<span class=\"_ _0\"></span>bsidi<span class=\"_ _0\"></span>ari<span class=\"_ _0\"></span>es and ass<span class=\"_ _0\"></span>oci<span class=\"_ _0\"></span>ates in the Uni<span class=\"_ _0\"></span>ted </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gse4\">Kin<span class=\"_ _0\"></span>gd<span class=\"_ _0\"></span>om (U<span class=\"_ _0\"></span>K<span class=\"_ _0\"></span>), the Un<span class=\"_ _0\"></span>ited S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ates and other c<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>trie<span class=\"_ _0\"></span>s throu<span class=\"_ _0\"></span>gh<span class=\"_ _0\"></span>out th<span class=\"_ _0\"></span>e world<span class=\"_ _0\"></span>. </div><div class=\"t m2 h21 ff1 fs10 fc2 sc0 ls77 ws0 gse5\">(i<span class=\"_ _1\"></span>) <span class=\"_ _8\"> </span>Basi<span class=\"_ _0\"></span>s of prepa<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>ion<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gse6\">Th<span class=\"_ _0\"></span>e Group f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al statem<span class=\"_ _0\"></span>ents have be<span class=\"_ _0\"></span>en p<span class=\"_ _0\"></span>repa<span class=\"_ _0\"></span>red in ac<span class=\"_ _0\"></span>cor<span class=\"_ _0\"></span>dan<span class=\"_ _0\"></span>ce wit<span class=\"_ _0\"></span>h UK-ad<span class=\"_ _0\"></span>opted in<span class=\"_ _0\"></span>terna<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>al acc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ting st<span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>ards<span class=\"_ _0\"></span>, com<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>ising In<span class=\"_ _0\"></span>ternat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>al </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gse7\">Acc<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nting S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>ards and In<span class=\"_ _0\"></span>ternat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>al Fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al Rep<span class=\"_ _0\"></span>or<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>rds (IF<span class=\"_ _0\"></span>RS) as issue<span class=\"_ _0\"></span>d by the Intern<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>nal Acc<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>ntin<span class=\"_ _0\"></span>g S<span class=\"_ _0\"></span>tand<span class=\"_ _0\"></span>ards B<span class=\"_ _0\"></span>oard (I<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>SB), </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gse8\">and rela<span class=\"_ _0\"></span>ted interp<span class=\"_ _0\"></span>retat<span class=\"_ _0\"></span>ions is<span class=\"_ _0\"></span>sue<span class=\"_ _0\"></span>d by the IFR<span class=\"_ _0\"></span>S Interp<span class=\"_ _0\"></span>retat<span class=\"_ _0\"></span>ions C<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>mit<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>e. En<span class=\"_ _0\"></span>dor<span class=\"_ _0\"></span>sem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t is granted by the U<span class=\"_ _0\"></span>K Endo<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt Bo<span class=\"_ _0\"></span>ard (U<span class=\"_ _0\"></span>K<span class=\"_ _0\"></span>EB). The<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gse9\">Grou<span class=\"_ _0\"></span>p fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial state<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts have bee<span class=\"_ _0\"></span>n prep<span class=\"_ _0\"></span>ared un<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r the histor<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>al cos<span class=\"_ _0\"></span>t conve<span class=\"_ _0\"></span>ntio<span class=\"_ _0\"></span>n, as mo<span class=\"_ _0\"></span>dif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d by the revaluati<span class=\"_ _0\"></span>on of investm<span class=\"_ _0\"></span>ent pr<span class=\"_ _0\"></span>ope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gsea\">fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>ial ass<span class=\"_ _0\"></span>ets at fair value th<span class=\"_ _0\"></span>roug<span class=\"_ _0\"></span>h other c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>reh<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>ive inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e, and c<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ain asse<span class=\"_ _0\"></span>ts and f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>l liabili<span class=\"_ _0\"></span>ties (i<span class=\"_ _0\"></span>ncl<span class=\"_ _0\"></span>udin<span class=\"_ _0\"></span>g der<span class=\"_ _0\"></span>ivati<span class=\"_ _0\"></span>ve instr<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ents) </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gseb\">at<span class=\"_ gsec\"> </span>fair valu<span class=\"_ _0\"></span>e throu<span class=\"_ _0\"></span>gh prof<span class=\"_ _0\"></span>it or lo<span class=\"_ _0\"></span>ss.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gsed\">Th<span class=\"_ _0\"></span>e Group ha<span class=\"_ _0\"></span>s sele<span class=\"_ _0\"></span>cted ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>unti<span class=\"_ _0\"></span>ng po<span class=\"_ _0\"></span>lici<span class=\"_ _0\"></span>es whic<span class=\"_ _0\"></span>h state fairl<span class=\"_ _0\"></span>y its fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial po<span class=\"_ _0\"></span>siti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>, fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>manc<span class=\"_ _0\"></span>e and c<span class=\"_ _0\"></span>ash fl<span class=\"_ _0\"></span>ows for a repor<span class=\"_ _3\"></span>ting pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d.<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gsee\">Th<span class=\"_ _0\"></span>e acc<span class=\"_ _0\"></span>ount<span class=\"_ _0\"></span>ing po<span class=\"_ _0\"></span>lici<span class=\"_ _0\"></span>es have be<span class=\"_ _0\"></span>en co<span class=\"_ _0\"></span>nsis<span class=\"_ _0\"></span>tently ap<span class=\"_ _0\"></span>plie<span class=\"_ _0\"></span>d to all years prese<span class=\"_ _0\"></span>nted unl<span class=\"_ _0\"></span>ess oth<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>wi<span class=\"_ _0\"></span>se stated<span class=\"_ _0\"></span>. </div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws0 gsef\">Fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial ass<span class=\"_ _0\"></span>ets an<span class=\"_ _0\"></span>d fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial li<span class=\"_ _0\"></span>abili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s are disc<span class=\"_ _0\"></span>los<span class=\"_ _0\"></span>ed gr<span class=\"_ _0\"></span>oss in t<span class=\"_ _0\"></span>he C<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>olid<span class=\"_ _0\"></span>ated Bal<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e S<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>et unl<span class=\"_ _0\"></span>ess a l<span class=\"_ _0\"></span>eg<span class=\"_ _0\"></span>ally e<span class=\"_ _0\"></span>nforce<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e rig<span class=\"_ _0\"></span>ht of off<span class=\"_ _0\"></span>set ex<span class=\"_ _0\"></span>ists </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gsf0\">and the<span class=\"_ _0\"></span>re is an intentio<span class=\"_ _0\"></span>n to set<span class=\"_ _0\"></span>tle rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d amou<span class=\"_ _0\"></span>nts on a net bas<span class=\"_ _0\"></span>is. Inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e and exp<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ses are not of<span class=\"_ _0\"></span>fset in th<span class=\"_ _0\"></span>e Con<span class=\"_ _0\"></span>soli<span class=\"_ _0\"></span>dated Inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e S<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gsf1\">unle<span class=\"_ _0\"></span>ss req<span class=\"_ _0\"></span>uire<span class=\"_ _0\"></span>d or per<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ted by any acco<span class=\"_ _0\"></span>unti<span class=\"_ _0\"></span>ng stan<span class=\"_ _0\"></span>dard o<span class=\"_ _0\"></span>r Intern<span class=\"_ _0\"></span>ation<span class=\"_ _0\"></span>al Fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial Rep<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>ting Inter<span class=\"_ _0\"></span>pret<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns Co<span class=\"_ _0\"></span>mmi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tee (IF<span class=\"_ _0\"></span>RIC) interp<span class=\"_ _0\"></span>retat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>, as </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gsf2\">deta<span class=\"_ _0\"></span>ile<span class=\"_ _0\"></span>d in the appl<span class=\"_ _0\"></span>ica<span class=\"_ _0\"></span>ble ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>unti<span class=\"_ _0\"></span>ng pol<span class=\"_ _0\"></span>icie<span class=\"_ _0\"></span>s of the Group<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h21 ff1 fs10 fc2 sc0 ls77 ws0 gsf3\">(ii) <span class=\"_ _d\"> </span>G<span class=\"_ _0\"></span>oin<span class=\"_ _0\"></span>g concer<span class=\"_ _0\"></span>n<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gsf4\">Th<span class=\"_ _0\"></span>e Group\u2019s busi<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>s acti<span class=\"_ _0\"></span>viti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, togeth<span class=\"_ _0\"></span>er wit<span class=\"_ _0\"></span>h the factor<span class=\"_ _0\"></span>s likely to affec<span class=\"_ _0\"></span>t its fu<span class=\"_ _0\"></span>ture deve<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>pme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>, per<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rma<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e and pos<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>n in the cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>t eco<span class=\"_ _0\"></span>no<span class=\"_ _0\"></span>mic<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gsf5\">envir<span class=\"_ _0\"></span>onm<span class=\"_ _0\"></span>ent are se<span class=\"_ _0\"></span>t out in this A<span class=\"_ _0\"></span>nnu<span class=\"_ _0\"></span>al rep<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>t and acc<span class=\"_ _0\"></span>ount<span class=\"_ _0\"></span>s. Th<span class=\"_ _0\"></span>e fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial po<span class=\"_ _0\"></span>siti<span class=\"_ _0\"></span>on of the Grou<span class=\"_ _0\"></span>p, its cas<span class=\"_ _0\"></span>h flows<span class=\"_ _0\"></span>, liqui<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>y po<span class=\"_ _0\"></span>siti<span class=\"_ _0\"></span>on and b<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>rowing<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gsf6\">facili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s are desc<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>ed in th<span class=\"_ _0\"></span>ese co<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>lidated f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al statem<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span>. Pri<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>pal ris<span class=\"_ _0\"></span>ks and unc<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>tainti<span class=\"_ _0\"></span>es are det<span class=\"_ _0\"></span>aile<span class=\"_ _0\"></span>d on page<span class=\"_ _0\"></span>s 49 to <span class=\"_ _1\"></span>5<span class=\"_ _0\"></span>3.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gsf7\">Th<span class=\"_ _0\"></span>e direc<span class=\"_ _0\"></span>tors have mad<span class=\"_ _0\"></span>e an asses<span class=\"_ _0\"></span>sme<span class=\"_ _0\"></span>nt of the Grou<span class=\"_ _0\"></span>p\u2019s going co<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>n, co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ing b<span class=\"_ _0\"></span>oth the cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>t per<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rma<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e and the ou<span class=\"_ _0\"></span>tlo<span class=\"_ _0\"></span>ok for a per<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d of </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gsf8\">at least<span class=\"_ _0\"></span>, bu<span class=\"_ _0\"></span>t not limi<span class=\"_ _0\"></span>ted to, 1<span class=\"_ _1\"></span>2 <span class=\"_ _1\"></span>mo<span class=\"_ _0\"></span>nths fro<span class=\"_ _0\"></span>m the date of approval of thes<span class=\"_ _0\"></span>e cons<span class=\"_ _0\"></span>olid<span class=\"_ _0\"></span>ated fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial st<span class=\"_ _0\"></span>ateme<span class=\"_ _0\"></span>nts<span class=\"_ _0\"></span>, using th<span class=\"_ _0\"></span>e informat<span class=\"_ _0\"></span>ion availa<span class=\"_ _0\"></span>ble up to </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gsf9\">the date of issue of this An<span class=\"_ _0\"></span>nual re<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t and ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>unts<span class=\"_ _0\"></span>. </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 lsd ws7f gsfa\">Th<span class=\"_ _0\"></span>e Group mana<span class=\"_ _0\"></span>ges and mo<span class=\"_ _0\"></span>nitor<span class=\"_ _0\"></span>s its capit<span class=\"_ _0\"></span>al and liquidi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, <span class=\"_ _1\"></span>and appl<span class=\"_ _0\"></span>ies vari<span class=\"_ _0\"></span>ous stre<span class=\"_ _0\"></span>sses<span class=\"_ _0\"></span>, incl<span class=\"_ _0\"></span>udin<span class=\"_ _0\"></span>g adver<span class=\"_ _0\"></span>se inflat<span class=\"_ _0\"></span>ion and interes<span class=\"_ _0\"></span>t rate scenar<span class=\"_ _0\"></span>ios<span class=\"_ _0\"></span>, to </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 lsd ws7f gsfb\">thos<span class=\"_ _0\"></span>e posit<span class=\"_ _0\"></span>ions to under<span class=\"_ _0\"></span>sta<span class=\"_ _0\"></span>nd potenti<span class=\"_ _0\"></span>al impac<span class=\"_ _0\"></span>ts from mar<span class=\"_ _0\"></span>ket downtur<span class=\"_ _0\"></span>ns. Ou<span class=\"_ _0\"></span>r key <span class=\"_ _1\"></span>sensi<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>es and the impac<span class=\"_ _0\"></span>ts on our capi<span class=\"_ _0\"></span>tal posi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n from a range<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 lsd ws7f gsfc\">of<span class=\"_ gsec\"> </span>stres<span class=\"_ _0\"></span>ses are discl<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>d in Note <span class=\"_ _1\"></span>27 Manage<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt of capita<span class=\"_ _0\"></span>l resourc<span class=\"_ _0\"></span>es</div><div class=\"t m2 h43 ff3 fsd fc1 sc0 ls1 ws0 gsfd\">1<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 lsd ws7f gsfe\">. Thes<span class=\"_ _0\"></span>e stresse<span class=\"_ _0\"></span>s do not give <span class=\"_ _1\"></span>ris<span class=\"_ _0\"></span>e t<span class=\"_ _1\"></span>o any material unc<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ainti<span class=\"_ _0\"></span>es over the abilit<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 lsd ws7f gsff\">of<span class=\"_ gsec\"> </span>the Grou<span class=\"_ _0\"></span>p to <span class=\"_ _1\"></span>conti<span class=\"_ _0\"></span>nue as a going con<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>. Based up<span class=\"_ _0\"></span>on the availab<span class=\"_ _0\"></span>le informa<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>, the direc<span class=\"_ _0\"></span>tors co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>er that the Grou<span class=\"_ _0\"></span>p has the plans and resourc<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 lsd ws7f gs100\">to <span class=\"_ _1\"></span>man<span class=\"_ _0\"></span>age its busi<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>s risks succ<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>sfull<span class=\"_ _0\"></span>y and that it remains fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>ciall<span class=\"_ _0\"></span>y stron<span class=\"_ _0\"></span>g and well diversi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs101\">Havin<span class=\"_ _0\"></span>g reasse<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>d the pr<span class=\"_ _0\"></span>inc<span class=\"_ _0\"></span>ipal ris<span class=\"_ _0\"></span>ks and un<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tai<span class=\"_ _0\"></span>nties (<span class=\"_ _0\"></span>both f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al and op<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>al) in lig<span class=\"_ _0\"></span>ht of the curr<span class=\"_ _0\"></span>ent ec<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>ic envir<span class=\"_ _0\"></span>onm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>, as deta<span class=\"_ _0\"></span>ile<span class=\"_ _0\"></span>d </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs102\">on pag<span class=\"_ _0\"></span>es 49 to <span class=\"_ _1\"></span>5<span class=\"_ _0\"></span>3, th<span class=\"_ _0\"></span>e direc<span class=\"_ _0\"></span>tors are c<span class=\"_ _0\"></span>onf<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>nt that the Gr<span class=\"_ _0\"></span>oup an<span class=\"_ _0\"></span>d Com<span class=\"_ _0\"></span>pany will have suf<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ien<span class=\"_ _0\"></span>t funds to con<span class=\"_ _0\"></span>tinu<span class=\"_ _0\"></span>e to meet its lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ties as the<span class=\"_ _0\"></span>y fall </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs103\">due for a per<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d of, <span class=\"_ _1\"></span>bu<span class=\"_ _0\"></span>t not limite<span class=\"_ _0\"></span>d to, 1<span class=\"_ _1\"></span>2 <span class=\"_ _1\"></span>mon<span class=\"_ _0\"></span>ths fro<span class=\"_ _0\"></span>m the date of approval of the fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial st<span class=\"_ _0\"></span>ateme<span class=\"_ _0\"></span>nts and the<span class=\"_ _0\"></span>refore have co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>d it appr<span class=\"_ _0\"></span>opr<span class=\"_ _0\"></span>iate </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs104\">to adopt the go<span class=\"_ _0\"></span>ing co<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>n basis of acc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ting wh<span class=\"_ _0\"></span>en pre<span class=\"_ _0\"></span>pari<span class=\"_ _0\"></span>ng the f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al statem<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h21 ff1 fs10 fc2 sc0 ls77 ws0 gs105\">(iii) <span class=\"_ _20\"> </span>New segmentat<span class=\"_ _0\"></span>ion basis a<span class=\"_ _0\"></span>nd rest<span class=\"_ _0\"></span>atement of fi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>form<span class=\"_ _0\"></span>ation<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs106\">At a Capit<span class=\"_ _0\"></span>al Mar<span class=\"_ _0\"></span>kets Event on 1<span class=\"_ _1\"></span>2 June 20<span class=\"_ _0\"></span>24<span class=\"_ _0\"></span>, the Grou<span class=\"_ _0\"></span>p set ou<span class=\"_ _0\"></span>t a refreshe<span class=\"_ _0\"></span>d str<span class=\"_ _0\"></span>ategy an<span class=\"_ _0\"></span>d set of fina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al targe<span class=\"_ _0\"></span>ts. A<span class=\"_ _0\"></span>s par<span class=\"_ _0\"></span>t of a new visio<span class=\"_ _0\"></span>n </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs107\">for<span class=\"_ gsec\"> </span>a<span class=\"_ gsec\"> </span>growin<span class=\"_ _0\"></span>g, si<span class=\"_ _0\"></span>mpl<span class=\"_ _0\"></span>er and be<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ter-<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>onn<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted busi<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>s, th<span class=\"_ _0\"></span>e Group has im<span class=\"_ _0\"></span>ple<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nted a revise<span class=\"_ _0\"></span>d busi<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>s mod<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>, incl<span class=\"_ _0\"></span>udin<span class=\"_ _0\"></span>g the:<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff3 fs5 fc1 sc0 ls9 ws15 gs108\">\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">creat<span class=\"_ _0\"></span>ion of a singl<span class=\"_ _0\"></span>e Asse<span class=\"_ _0\"></span>t Mana<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t divisi<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>, brin<span class=\"_ _0\"></span>gin<span class=\"_ _0\"></span>g Legal &amp; Ge<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>ral Invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt Mana<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t (LGIM) and Le<span class=\"_ _0\"></span>gal &amp; Ge<span class=\"_ _0\"></span>ner<span class=\"_ _0\"></span>al Cap<span class=\"_ _0\"></span>ital (LGC) </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs109\">toget<span class=\"_ _0\"></span>her as a unif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d, gl<span class=\"_ _0\"></span>oba<span class=\"_ _0\"></span>l, pub<span class=\"_ _0\"></span>lic an<span class=\"_ _0\"></span>d private mar<span class=\"_ _0\"></span>kets asse<span class=\"_ _0\"></span>t manag<span class=\"_ _0\"></span>er<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff3 fs5 fc1 sc0 ls9 ws15 gs10a\">\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">max<span class=\"_ _0\"></span>imis<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of the value of non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>rategi<span class=\"_ _0\"></span>c asset<span class=\"_ _0\"></span>s throu<span class=\"_ _0\"></span>gh a new Co<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>orate Inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nts uni<span class=\"_ _0\"></span>t.<span class=\"_ _3b2\"> </span></span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs10b\">As a resul<span class=\"_ _0\"></span>t, th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p is now focuse<span class=\"_ _0\"></span>d on thre<span class=\"_ _0\"></span>e cor<span class=\"_ _0\"></span>e busin<span class=\"_ _0\"></span>ess div<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>, name<span class=\"_ _0\"></span>ly Ins<span class=\"_ _0\"></span>titu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal Retir<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>, Ass<span class=\"_ _0\"></span>et Mana<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t and Retai<span class=\"_ _0\"></span>l, </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs10c\">with<span class=\"_ gsec\"> </span>a<span class=\"_ gsec\"> </span>s<span class=\"_ _0\"></span>hare<span class=\"_ _0\"></span>d sens<span class=\"_ _0\"></span>e of purpo<span class=\"_ _0\"></span>se and p<span class=\"_ _0\"></span>ower<span class=\"_ _0\"></span>fu<span class=\"_ _0\"></span>l syne<span class=\"_ _0\"></span>rgie<span class=\"_ _0\"></span>s. </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs10d\">Th<span class=\"_ _0\"></span>e new divis<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>al orga<span class=\"_ _0\"></span>nisati<span class=\"_ _0\"></span>on has an imp<span class=\"_ _0\"></span>act o<span class=\"_ _0\"></span>n the rep<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e segm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s of the Group. Pr<span class=\"_ _0\"></span>evio<span class=\"_ _0\"></span>usl<span class=\"_ _0\"></span>y, <span class=\"_ _1\"></span>the Gro<span class=\"_ _0\"></span>up op<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>ted five re<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ble se<span class=\"_ _0\"></span>gme<span class=\"_ _0\"></span>nts<span class=\"_ _0\"></span>, </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs10e\">co<span class=\"_ _0\"></span>mpr<span class=\"_ _0\"></span>isin<span class=\"_ _0\"></span>g Legal &amp; Ge<span class=\"_ _0\"></span>ner<span class=\"_ _0\"></span>al Retire<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt Inst<span class=\"_ _0\"></span>itu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal (LGRI)<span class=\"_ _0\"></span>, LGC, LGIM<span class=\"_ _0\"></span>, Insur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e and Reta<span class=\"_ _0\"></span>il Retire<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt. Fo<span class=\"_ _0\"></span>llowin<span class=\"_ _0\"></span>g the ann<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt, in lin<span class=\"_ _0\"></span>e with<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs10f\">the pr<span class=\"_ _0\"></span>inc<span class=\"_ _0\"></span>iple<span class=\"_ _0\"></span>s in IFR<span class=\"_ _0\"></span>S 8, \u2018O<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ratin<span class=\"_ _0\"></span>g Se<span class=\"_ _0\"></span>gm<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span>\u2019, <span class=\"_ _1\"></span>the Gro<span class=\"_ _0\"></span>up op<span class=\"_ _0\"></span>erat<span class=\"_ _0\"></span>ing and re<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ble se<span class=\"_ _0\"></span>gme<span class=\"_ _0\"></span>nts have be<span class=\"_ _0\"></span>en up<span class=\"_ _0\"></span>dated to the followin<span class=\"_ _0\"></span>g:<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff3 fs5 fc1 sc0 ls9 ws15 gs110\">\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">Insti<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>al Retire<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt, wh<span class=\"_ _0\"></span>ich co<span class=\"_ _0\"></span>ntin<span class=\"_ _0\"></span>ues to focus o<span class=\"_ _0\"></span>n world<span class=\"_ _0\"></span>wide pe<span class=\"_ _0\"></span>nsi<span class=\"_ _0\"></span>on ris<span class=\"_ _0\"></span>k transfer b<span class=\"_ _0\"></span>usin<span class=\"_ _0\"></span>ess op<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tun<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></span></div><div class=\"t m2 ha ff3 fs5 fc1 sc0 ls9 ws15 gs111\">\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">Ass<span class=\"_ _0\"></span>et Man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt, th<span class=\"_ _0\"></span>e new co<span class=\"_ _0\"></span>mbin<span class=\"_ _0\"></span>ed inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt busi<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>s of the Group, c<span class=\"_ _0\"></span>omm<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ted to driv<span class=\"_ _0\"></span>ing grow<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h in publi<span class=\"_ _0\"></span>c market<span class=\"_ _0\"></span>s as well </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs112\">as materia<span class=\"_ _0\"></span>lly sc<span class=\"_ _0\"></span>ale the Gr<span class=\"_ _0\"></span>oup\u2019s in<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>use an<span class=\"_ _0\"></span>d orig<span class=\"_ _0\"></span>inatio<span class=\"_ _0\"></span>n plat<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>m capa<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y in priva<span class=\"_ _0\"></span>te markets acr<span class=\"_ _0\"></span>oss Real E<span class=\"_ _0\"></span>state, Pr<span class=\"_ _0\"></span>ivate Cre<span class=\"_ _0\"></span>dit and<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs113\">Infras<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>uct<span class=\"_ _0\"></span>ure, in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>ding th<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>gh an acc<span class=\"_ _0\"></span>ele<span class=\"_ _0\"></span>rated pr<span class=\"_ _0\"></span>ogr<span class=\"_ _0\"></span>amm<span class=\"_ _0\"></span>e of fund laun<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff3 fs5 fc1 sc0 ls9 ws15 gs114\">\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">Insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce, wh<span class=\"_ _0\"></span>ich pr<span class=\"_ _0\"></span>ima<span class=\"_ _0\"></span>ril<span class=\"_ _0\"></span>y repres<span class=\"_ _0\"></span>ents U<span class=\"_ _0\"></span>K protec<span class=\"_ _0\"></span>tion (<span class=\"_ _0\"></span>both gr<span class=\"_ _0\"></span>oup an<span class=\"_ _0\"></span>d retail<span class=\"_ _0\"></span>) and US reta<span class=\"_ _0\"></span>il protec<span class=\"_ _0\"></span>tion bu<span class=\"_ _0\"></span>sine<span class=\"_ _0\"></span>ss (U<span class=\"_ _0\"></span>S Insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce)<span class=\"_ _3b2\"> </span></span></div><div class=\"t m2 ha ff3 fs5 fc1 sc0 ls9 ws15 gs115\">\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">Retail Ret<span class=\"_ _0\"></span>irem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>, whic<span class=\"_ _0\"></span>h pri<span class=\"_ _0\"></span>mar<span class=\"_ _0\"></span>ily rep<span class=\"_ _0\"></span>rese<span class=\"_ _0\"></span>nts retai<span class=\"_ _0\"></span>l annui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y and drawdow<span class=\"_ _0\"></span>n prod<span class=\"_ _0\"></span>uct<span class=\"_ _0\"></span>s, wor<span class=\"_ _0\"></span>kp<span class=\"_ _0\"></span>lac<span class=\"_ _0\"></span>e saving<span class=\"_ _0\"></span>s and lifetim<span class=\"_ _0\"></span>e mor<span class=\"_ _3\"></span>tgage lo<span class=\"_ _0\"></span>ans<span class=\"_ _3b2\"> </span></span></div><div class=\"t m2 ha ff3 fs5 fc1 sc0 ls9 ws15 gs116\">\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">Co<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>orate Inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nts<span class=\"_ _0\"></span>, which re<span class=\"_ _0\"></span>pres<span class=\"_ _0\"></span>ents a po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>folio of non<span class=\"_ _3\"></span>-s<span class=\"_ _0\"></span>trateg<span class=\"_ _0\"></span>ic asse<span class=\"_ _0\"></span>ts manag<span class=\"_ _0\"></span>ed se<span class=\"_ _0\"></span>par<span class=\"_ _0\"></span>ately wit<span class=\"_ _0\"></span>h the goal of ma<span class=\"_ _0\"></span>ximis<span class=\"_ _0\"></span>ing sha<span class=\"_ _0\"></span>reh<span class=\"_ _0\"></span>old<span class=\"_ _0\"></span>er valu<span class=\"_ _0\"></span>e </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs117\">ahea<span class=\"_ _0\"></span>d of potential dive<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs118\">Grou<span class=\"_ _0\"></span>p expe<span class=\"_ _0\"></span>nse<span class=\"_ _0\"></span>s, de<span class=\"_ _0\"></span>bt cos<span class=\"_ _0\"></span>ts and ass<span class=\"_ _0\"></span>ets hel<span class=\"_ _0\"></span>d cen<span class=\"_ _0\"></span>trall<span class=\"_ _0\"></span>y are repo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ted se<span class=\"_ _0\"></span>par<span class=\"_ _0\"></span>ately. T<span class=\"_ _4\"></span>ran<span class=\"_ _0\"></span>sac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en seg<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts are on no<span class=\"_ _0\"></span>rma<span class=\"_ _0\"></span>l com<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>rcial ter<span class=\"_ _0\"></span>ms </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs119\">and are inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>ed wi<span class=\"_ _0\"></span>thin th<span class=\"_ _0\"></span>e repo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ted se<span class=\"_ _0\"></span>gme<span class=\"_ _0\"></span>nts<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs11a\">Se<span class=\"_ _0\"></span>gm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>al discl<span class=\"_ _0\"></span>osu<span class=\"_ _0\"></span>res in relati<span class=\"_ _0\"></span>on to the prio<span class=\"_ _0\"></span>r year pre<span class=\"_ _0\"></span>sente<span class=\"_ _0\"></span>d have bee<span class=\"_ _0\"></span>n restated to refl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t the new div<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>nal org<span class=\"_ _0\"></span>anis<span class=\"_ _0\"></span>ation<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs11b\">1. <span class=\"_ _15\"> </span> No<span class=\"_ _0\"></span>te 27 M<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t of c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>pi<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>l re<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>es i<span class=\"_ _0\"></span>s un<span class=\"_ _0\"></span>au<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h21 ff1 fs10 fc2 sc0 lsbf ws0 gs11d\">(iv<span class=\"_ _1\"></span>) <span class=\"_ _e\"> </span>New st<span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ds, i<span class=\"_ _0\"></span>nter<span class=\"_ _0\"></span>pret<span class=\"_ _0\"></span>ations a<span class=\"_ _0\"></span>nd a<span class=\"_ _0\"></span>mendments t<span class=\"_ _0\"></span>o publis<span class=\"_ _0\"></span>hed sta<span class=\"_ _0\"></span>nda<span class=\"_ _0\"></span>rd<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>at have been adopted by t<span class=\"_ _0\"></span>he Group<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs11e\">Th<span class=\"_ _0\"></span>e Group ha<span class=\"_ _0\"></span>s appli<span class=\"_ _0\"></span>ed the foll<span class=\"_ _0\"></span>owing am<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>dme<span class=\"_ _0\"></span>nts for the f<span class=\"_ _0\"></span>irs<span class=\"_ _0\"></span>t time in the yea<span class=\"_ _0\"></span>r com<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>ng 1 Janu<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y 20<span class=\"_ _0\"></span>24<span class=\"_ _0\"></span>, which did n<span class=\"_ _0\"></span>ot have a material imp<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs11f\">on its co<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>lidate<span class=\"_ _0\"></span>d fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial statem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s. </div><div class=\"t m2 ha ff3 fs5 fc1 sc0 ls9 ws15 gs120\">\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">Am<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>dme<span class=\"_ _0\"></span>nts to IA<span class=\"_ _0\"></span>S 1 \u2013 Presenta<span class=\"_ _0\"></span>tion of Fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial S<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts: \u2018Clas<span class=\"_ _0\"></span>sif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of Liabili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s as Curre<span class=\"_ _0\"></span>nt or No<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>urr<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>\u2019.<span class=\"_ _3b2\"> </span></span></div><div class=\"t m2 ha ff3 fs5 fc1 sc0 ls9 ws15 gs121\">\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">Am<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>dme<span class=\"_ _0\"></span>nts to IA<span class=\"_ _0\"></span>S 1 \u2013 Presenta<span class=\"_ _0\"></span>tion of Fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial S<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts: \u2018N<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>-<span class=\"_ _3\"></span>cur<span class=\"_ _0\"></span>rent L<span class=\"_ _0\"></span>iabi<span class=\"_ _0\"></span>liti<span class=\"_ _0\"></span>es with C<span class=\"_ _0\"></span>ovena<span class=\"_ _0\"></span>nts\u2019.<span class=\"_ _3b2\"> </span></span></div><div class=\"t m2 ha ff3 fs5 fc1 sc0 ls9 ws15 gs122\">\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">Am<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>dme<span class=\"_ _0\"></span>nts to IFRS 16 <span class=\"_ _1\"></span>\u2013 Lease<span class=\"_ _0\"></span>s: \u2018L<span class=\"_ _0\"></span>ease L<span class=\"_ _0\"></span>iabili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y in a Sal<span class=\"_ _0\"></span>e and Lease<span class=\"_ _0\"></span>ba<span class=\"_ _0\"></span>ck<span class=\"_ _0\"></span>\u2019.<span class=\"_ _3b2\"> </span></span></div><div class=\"t m2 ha ff3 fs5 fc1 sc0 ls9 ws15 gs123\">\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">Am<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>dme<span class=\"_ _0\"></span>nts to IA<span class=\"_ _0\"></span>S 7 \u2013 Statem<span class=\"_ _0\"></span>ent of Cas<span class=\"_ _0\"></span>h Flows and IF<span class=\"_ _0\"></span>RS 7 \u2013 Fina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al Inst<span class=\"_ _0\"></span>rum<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s: Disc<span class=\"_ _0\"></span>losu<span class=\"_ _0\"></span>res: \u2018<span class=\"_ _0\"></span>Su<span class=\"_ _0\"></span>ppli<span class=\"_ _0\"></span>er Fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>ce A<span class=\"_ _0\"></span>rra<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts\u2019.<span class=\"_ _3b2\"> </span></span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs124\">Th<span class=\"_ _0\"></span>e Group ha<span class=\"_ _0\"></span>s not earl<span class=\"_ _0\"></span>y adop<span class=\"_ _0\"></span>ted any stand<span class=\"_ _0\"></span>ard<span class=\"_ _0\"></span>, interp<span class=\"_ _0\"></span>retat<span class=\"_ _0\"></span>ion or am<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>dme<span class=\"_ _0\"></span>nt that has b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n issue<span class=\"_ _0\"></span>d but is not yet ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>tive<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h21 ff1 fs10 fc2 sc0 ls77 ws0 gs125\">(<span class=\"_ _1\"></span>v<span class=\"_ _1\"></span>) <span class=\"_ _bd\"> </span>Stand<span class=\"_ _0\"></span>ard<span class=\"_ _0\"></span>s, i<span class=\"_ _0\"></span>nter<span class=\"_ _0\"></span>pret<span class=\"_ _0\"></span>ations a<span class=\"_ _0\"></span>nd amend<span class=\"_ _0\"></span>ments to publ<span class=\"_ _0\"></span>ished s<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>nda<span class=\"_ _0\"></span>rds wh<span class=\"_ _0\"></span>ich a<span class=\"_ _0\"></span>re not yet effect<span class=\"_ _0\"></span>ive </div><div class=\"t m2 h15 ff1 fs5 fc2 sc0 ls18 ws0 gs126\">A<span class=\"_ _0\"></span>mend<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ents t<span class=\"_ _0\"></span>o I<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>S <span class=\"ls45 ws100\">21<span class=\"_ _0\"></span></span>, \u2018<span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>he Ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>ts of C<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ges i<span class=\"_ _0\"></span>n Forei<span class=\"_ _0\"></span>gn E<span class=\"_ _0\"></span>xch<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ge R<span class=\"_ _0\"></span>ates<span class=\"_ _0\"></span>\u2019: \u2018Lack of E<span class=\"_ _0\"></span>xch<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>geab<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>\u2019<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs127\">Th<span class=\"_ _0\"></span>ese am<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts, is<span class=\"_ _0\"></span>sue<span class=\"_ _0\"></span>d in Augu<span class=\"_ _0\"></span>st 20<span class=\"_ _0\"></span>23<span class=\"_ _0\"></span>, spe<span class=\"_ _0\"></span>cif<span class=\"_ _3\"></span>y how an entit<span class=\"_ _0\"></span>y sho<span class=\"_ _0\"></span>uld ass<span class=\"_ _0\"></span>ess wh<span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span>er a cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cy is exchan<span class=\"_ _0\"></span>gea<span class=\"_ _0\"></span>ble an<span class=\"_ _0\"></span>d how it shou<span class=\"_ _0\"></span>ld </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs128\">deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>e a spot excha<span class=\"_ _0\"></span>nge rate whe<span class=\"_ _0\"></span>n exchan<span class=\"_ _0\"></span>gea<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y is lack<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>. The am<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>dme<span class=\"_ _0\"></span>nts are ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>tive for ann<span class=\"_ _0\"></span>ual rep<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>ting pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>ds be<span class=\"_ _0\"></span>ginn<span class=\"_ _0\"></span>ing on o<span class=\"_ _0\"></span>r </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs129\">af<span class=\"_ _0\"></span>ter<span class=\"_ gsec\"> </span>1 Janu<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y 20<span class=\"_ _0\"></span>25<span class=\"_ _0\"></span>. The<span class=\"_ _0\"></span>se ame<span class=\"_ _0\"></span>ndm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s are not expe<span class=\"_ _0\"></span>cted to give rise to a material im<span class=\"_ _0\"></span>pac<span class=\"_ _0\"></span>t on the Gro<span class=\"_ _0\"></span>up\u2019s cons<span class=\"_ _0\"></span>olid<span class=\"_ _0\"></span>ated fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial st<span class=\"_ _0\"></span>ateme<span class=\"_ _0\"></span>nts.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h15 ff1 fs5 fc2 sc0 ls18 ws0 gs12a\">A<span class=\"_ _0\"></span>mend<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ents t<span class=\"_ _0\"></span>o I<span class=\"_ _0\"></span>F<span class=\"_ _0\"></span>R<span class=\"_ _0\"></span>S <span class=\"ls1\">9<span class=\"_ _1\"></span><span class=\"ls18\">, \u2018Fi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>l I<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ments<span class=\"_ _0\"></span>\u2019 a<span class=\"_ _0\"></span>nd I<span class=\"_ _0\"></span>F<span class=\"_ _0\"></span>R<span class=\"_ _0\"></span>S <span class=\"ls1\">7<span class=\"_ _4\"></span><span class=\"ls18\">, \u2018<span class=\"_ _0\"></span>Fi<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>l I<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s: D<span class=\"_ _0\"></span>isclo<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s\u2019: \u2018<span class=\"_ _4\"></span>A<span class=\"_ _3\"></span>mend<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s to t<span class=\"_ _0\"></span>he Cl<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>icat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span> </span></span></span></span></div><div class=\"t m2 h15 ff1 fs5 fc2 sc0 ls18 ws0 gs12b\">and M<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>reme<span class=\"_ _0\"></span>nt of Fi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>l I<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>tr<span class=\"_ _3\"></span>ume<span class=\"_ _0\"></span>nts\u2019<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs12c\">Th<span class=\"_ _0\"></span>ese am<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts, is<span class=\"_ _0\"></span>sue<span class=\"_ _0\"></span>d in May 2024<span class=\"_ _0\"></span>, provi<span class=\"_ _0\"></span>de the foll<span class=\"_ _0\"></span>owing:<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff3 fs5 fc1 sc0 ls9 ws15 gs12d\">\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">clar<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ation aro<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>d the date of recog<span class=\"_ _0\"></span>niti<span class=\"_ _0\"></span>on an<span class=\"_ _0\"></span>d dere<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>tion of som<span class=\"_ _0\"></span>e fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial ass<span class=\"_ _0\"></span>ets and lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>, with a new exce<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>n for som<span class=\"_ _0\"></span>e fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial </span></div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs12e\">liabi<span class=\"_ _0\"></span>litie<span class=\"_ _0\"></span>s set<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>hrou<span class=\"_ _0\"></span>gh an e<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>ctro<span class=\"_ _0\"></span>nic c<span class=\"_ _0\"></span>ash tr<span class=\"_ _0\"></span>ansfer s<span class=\"_ _0\"></span>ystem<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws15 gs12f\">\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">clar<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ation a<span class=\"_ _0\"></span>nd gu<span class=\"_ _0\"></span>idan<span class=\"_ _0\"></span>ce fo<span class=\"_ _0\"></span>r asses<span class=\"_ _0\"></span>sin<span class=\"_ _0\"></span>g whet<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r a fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>ial as<span class=\"_ _0\"></span>set m<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>ts the s<span class=\"_ _0\"></span>ole<span class=\"_ _0\"></span>ly pay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts of pr<span class=\"_ _0\"></span>inci<span class=\"_ _0\"></span>pal an<span class=\"_ _0\"></span>d intere<span class=\"_ _0\"></span>st (SP<span class=\"_ _0\"></span>PI) c<span class=\"_ _0\"></span>rite<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>n </span></div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws15 gs130\">\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">new dis<span class=\"_ _0\"></span>clo<span class=\"_ _0\"></span>sure re<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>rem<span class=\"_ _0\"></span>ents for c<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>tain in<span class=\"_ _0\"></span>str<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ents wi<span class=\"_ _0\"></span>th c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>ual ter<span class=\"_ _0\"></span>ms that c<span class=\"_ _0\"></span>an c<span class=\"_ _0\"></span>han<span class=\"_ _0\"></span>ge c<span class=\"_ _0\"></span>ash f<span class=\"_ _0\"></span>lows (such as s<span class=\"_ _0\"></span>ome f<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial ins<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nts<span class=\"_ _0\"></span> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs131\">with featu<span class=\"_ _0\"></span>res linked to the ach<span class=\"_ _0\"></span>ieve<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t of environ<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt, so<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>l and gover<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>ce tar<span class=\"_ _0\"></span>gets)<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff3 fs5 fc1 sc0 ls9 ws15 gs132\">\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">an upd<span class=\"_ _0\"></span>ate t<span class=\"_ _1\"></span>o the disc<span class=\"_ _0\"></span>los<span class=\"_ _0\"></span>ures for eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y ins<span class=\"_ _0\"></span>tru<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts des<span class=\"_ _0\"></span>ignate<span class=\"_ _0\"></span>d at fair value thro<span class=\"_ _0\"></span>ugh oth<span class=\"_ _0\"></span>er co<span class=\"_ _0\"></span>mpre<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>nsive in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me (F<span class=\"_ _3\"></span>VOC<span class=\"_ _0\"></span>I).<span class=\"_ _3b2\"> </span></span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs133\">Th<span class=\"_ _0\"></span>e amen<span class=\"_ _0\"></span>dm<span class=\"_ _0\"></span>ents are ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>tive for ann<span class=\"_ _0\"></span>ual rep<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>ting pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>ds be<span class=\"_ _0\"></span>gin<span class=\"_ _0\"></span>ning on o<span class=\"_ _0\"></span>r after 1 Jan<span class=\"_ _0\"></span>uar<span class=\"_ _3\"></span>y 2026<span class=\"_ _0\"></span>, subje<span class=\"_ _0\"></span>ct to UK en<span class=\"_ _0\"></span>dor<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t.<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs134\">Th<span class=\"_ _0\"></span>ese<span class=\"_ gsec\"> </span>am<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>dme<span class=\"_ _0\"></span>nts are not exp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>cted to give rise to a material imp<span class=\"_ _0\"></span>act o<span class=\"_ _0\"></span>n the Grou<span class=\"_ _0\"></span>p\u2019s conso<span class=\"_ _0\"></span>lidate<span class=\"_ _0\"></span>d fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial statem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h15 ff1 fs5 fc2 sc0 ls18 ws0 gs135\">A<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>nua<span class=\"_ _0\"></span>l I<span class=\"_ _0\"></span>mpr<span class=\"_ _0\"></span>ovement<span class=\"_ _0\"></span>s to I<span class=\"_ _0\"></span>F<span class=\"_ _0\"></span>R<span class=\"_ _0\"></span>S A<span class=\"_ _0\"></span>ccou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g Sta<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>rds<span class=\"_ _0\"></span>\u2014<span class=\"_ _1\"></span>V<span class=\"_ _4\"></span>olu<span class=\"_ _0\"></span>me <span class=\"ls30 ws9\">11<span class=\"_ _3b2\"> </span></span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs136\">Th<span class=\"_ _0\"></span>e IA<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>B\u2019s issu<span class=\"_ _0\"></span>ed its an<span class=\"_ _0\"></span>nual im<span class=\"_ _0\"></span>prove<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts in July 20<span class=\"_ _0\"></span>24<span class=\"_ _0\"></span>, whic<span class=\"_ _0\"></span>h incl<span class=\"_ _0\"></span>ude a co<span class=\"_ _0\"></span>lle<span class=\"_ _0\"></span>ctio<span class=\"_ _0\"></span>n of minor am<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>dme<span class=\"_ _0\"></span>nts to acc<span class=\"_ _0\"></span>ount<span class=\"_ _0\"></span>ing sta<span class=\"_ _0\"></span>nda<span class=\"_ _0\"></span>rds. T<span class=\"_ _0\"></span>hes<span class=\"_ _0\"></span>e are </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs137\">appl<span class=\"_ _0\"></span>ica<span class=\"_ _0\"></span>ble for ann<span class=\"_ _0\"></span>ual rep<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>ting pe<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ods be<span class=\"_ _0\"></span>gin<span class=\"_ _0\"></span>ning o<span class=\"_ _0\"></span>n or afte<span class=\"_ _0\"></span>r 1 Januar<span class=\"_ _3\"></span>y 2026<span class=\"_ _0\"></span>. </div><div class=\"t m2 h15 ff1 fs5 fc2 sc0 ls18 ws32 gs138\">I<span class=\"_ _0\"></span>F<span class=\"_ _0\"></span>R<span class=\"_ _0\"></span>S <span class=\"lsd9 ws11a\">18</span><span class=\"ws0\">, \u2018P<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ation a<span class=\"_ _0\"></span>nd D<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>closu<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e i<span class=\"_ _0\"></span>n Fi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>l St<span class=\"_ _0\"></span>atem<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span>\u2019<span class=\"_ _3b2\"> </span></span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs139\">IFR<span class=\"_ _0\"></span>S 1<span class=\"_ _1\"></span>8, iss<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span>d in Apr<span class=\"_ _0\"></span>il 20<span class=\"_ _0\"></span>24, will re<span class=\"_ _0\"></span>plac<span class=\"_ _0\"></span>e IA<span class=\"_ _0\"></span>S 1<span class=\"_ _1\"></span>, \u2018P<span class=\"_ _0\"></span>rese<span class=\"_ _0\"></span>ntati<span class=\"_ _0\"></span>on of Fina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al S<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>. IFRS 18 introdu<span class=\"_ _0\"></span>ces ne<span class=\"_ _0\"></span>w requi<span class=\"_ _0\"></span>rem<span class=\"_ _0\"></span>ents for pre<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>tatio<span class=\"_ _0\"></span>n </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs13a\">withi<span class=\"_ _0\"></span>n the state<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t of profit or l<span class=\"_ _0\"></span>oss<span class=\"_ _0\"></span>, incl<span class=\"_ _0\"></span>udi<span class=\"_ _0\"></span>ng spe<span class=\"_ _0\"></span>cif<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ed totals and sub<span class=\"_ _0\"></span>totals, whi<span class=\"_ _0\"></span>ch aim at inc<span class=\"_ _0\"></span>reasi<span class=\"_ _0\"></span>ng co<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>rabi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y of the fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>man<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs13b\">of similar e<span class=\"_ _0\"></span>ntiti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, as well as provide mo<span class=\"_ _0\"></span>re rele<span class=\"_ _0\"></span>vant infor<span class=\"_ _0\"></span>matio<span class=\"_ _0\"></span>n and tra<span class=\"_ _0\"></span>nspa<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cy to users<span class=\"_ _0\"></span>. </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs13c\">Th<span class=\"_ _0\"></span>e stand<span class=\"_ _0\"></span>ard is ef<span class=\"_ _0\"></span>fect<span class=\"_ _0\"></span>ive for repo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>ds be<span class=\"_ _0\"></span>ginn<span class=\"_ _0\"></span>ing on o<span class=\"_ _0\"></span>r after 1 Jan<span class=\"_ _0\"></span>uar<span class=\"_ _0\"></span>y 2<span class=\"_ _0\"></span>027<span class=\"_ _1\"></span>, with earli<span class=\"_ _0\"></span>er app<span class=\"_ _0\"></span>lic<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n per<span class=\"_ _0\"></span>mit<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d, sub<span class=\"_ _0\"></span>jec<span class=\"_ _0\"></span>t to UK </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs13d\">end<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>sem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p is curre<span class=\"_ _0\"></span>ntly as<span class=\"_ _0\"></span>sess<span class=\"_ _0\"></span>ing the im<span class=\"_ _0\"></span>pac<span class=\"_ _0\"></span>ts of the ame<span class=\"_ _0\"></span>ndm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s on the co<span class=\"_ _0\"></span>nsol<span class=\"_ _0\"></span>idated an<span class=\"_ _0\"></span>d Com<span class=\"_ _0\"></span>pany f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l statem<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h15 ff1 fs5 fc2 sc0 ls18 ws32 gs13e\">I<span class=\"_ _0\"></span>F<span class=\"_ _0\"></span>R<span class=\"_ _0\"></span>S <span class=\"lsb7 ws124\">19<span class=\"_ _1\"></span><span class=\"ls18 ws0\">, \u2018Sub<span class=\"_ _0\"></span>sid<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>hout P<span class=\"_ _0\"></span>ubl<span class=\"_ _0\"></span>ic Ac<span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>abi<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>: Di<span class=\"_ _0\"></span>sclo<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s\u2019<span class=\"_ _3b2\"> </span></span></span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs13f\">IFR<span class=\"_ _0\"></span>S 1<span class=\"_ _1\"></span>9, issued in May 20<span class=\"_ _0\"></span>24<span class=\"_ _0\"></span>, allows for cer<span class=\"_ _3\"></span>tain elig<span class=\"_ _0\"></span>ibl<span class=\"_ _0\"></span>e subsid<span class=\"_ _0\"></span>iar<span class=\"_ _0\"></span>ies of paren<span class=\"_ _0\"></span>t entit<span class=\"_ _0\"></span>ies that re<span class=\"_ _0\"></span>por<span class=\"_ _3\"></span>t unde<span class=\"_ _0\"></span>r IFR<span class=\"_ _0\"></span>S Acc<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nting S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>ards to apply<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs140\">redu<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>d discl<span class=\"_ _0\"></span>osu<span class=\"_ _0\"></span>re requi<span class=\"_ _0\"></span>rem<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span>. IF<span class=\"_ _0\"></span>RS 1<span class=\"_ _1\"></span>9 is effec<span class=\"_ _0\"></span>tive for rep<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ing pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>ds be<span class=\"_ _0\"></span>gin<span class=\"_ _0\"></span>ning o<span class=\"_ _0\"></span>n or afte<span class=\"_ _0\"></span>r 1 Januar<span class=\"_ _3\"></span>y 2027<span class=\"_ _1\"></span>, with earl<span class=\"_ _0\"></span>y appli<span class=\"_ _0\"></span>cati<span class=\"_ _0\"></span>on pe<span class=\"_ _0\"></span>rmi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ted<span class=\"_ _0\"></span>, </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs141\">subje<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t to <span class=\"_ _1\"></span>UK e<span class=\"_ _0\"></span>ndo<span class=\"_ _0\"></span>rse<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt. T<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up is not elig<span class=\"_ _0\"></span>ible to appl<span class=\"_ _0\"></span>y IFR<span class=\"_ _0\"></span>S 1<span class=\"_ _1\"></span>9.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h21 ff1 fs10 fc2 sc0 ls77 ws0 gs142\">(<span class=\"_ _1\"></span>v<span class=\"_ _0\"></span>i) <span class=\"_ _2d\"> </span>Crit<span class=\"_ _0\"></span>ica<span class=\"_ _0\"></span>l accou<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g judgements a<span class=\"_ _0\"></span>nd the us<span class=\"_ _0\"></span>e of est<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ates<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs143\">Th<span class=\"_ _0\"></span>e prep<span class=\"_ _0\"></span>arati<span class=\"_ _0\"></span>on of th<span class=\"_ _0\"></span>e fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial s<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nts in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>s the us<span class=\"_ _0\"></span>e of esti<span class=\"_ _0\"></span>mates and a<span class=\"_ _0\"></span>ssu<span class=\"_ _0\"></span>mptio<span class=\"_ _0\"></span>ns whi<span class=\"_ _0\"></span>ch af<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t item<span class=\"_ _0\"></span>s repo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d in the C<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>soli<span class=\"_ _0\"></span>dated </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs144\">Bala<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e She<span class=\"_ _0\"></span>et an<span class=\"_ _0\"></span>d Con<span class=\"_ _0\"></span>soli<span class=\"_ _0\"></span>dated In<span class=\"_ _0\"></span>com<span class=\"_ _0\"></span>e S<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent an<span class=\"_ _0\"></span>d the disc<span class=\"_ _0\"></span>losu<span class=\"_ _0\"></span>re of conti<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>nt asse<span class=\"_ _0\"></span>ts and liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es at the date of the fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial statem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts. </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs145\">Al<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>ugh th<span class=\"_ _0\"></span>ese es<span class=\"_ _0\"></span>timates are bas<span class=\"_ _0\"></span>ed on man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>\u2019s best kn<span class=\"_ _0\"></span>owle<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>e of curren<span class=\"_ _0\"></span>t circu<span class=\"_ _0\"></span>mst<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>es and fu<span class=\"_ _0\"></span>ture eve<span class=\"_ _0\"></span>nts and ac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns, mate<span class=\"_ _0\"></span>rial<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs146\">adjus<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nts co<span class=\"_ _0\"></span>uld be ma<span class=\"_ _0\"></span>de to the car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>yi<span class=\"_ _0\"></span>ng amo<span class=\"_ _0\"></span>unts of asse<span class=\"_ _0\"></span>ts and liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es wit<span class=\"_ _0\"></span>hin the nex<span class=\"_ _3\"></span>t fina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al year. <span class=\"_ _1\"></span>Th<span class=\"_ _0\"></span>e Audi<span class=\"_ _0\"></span>t Com<span class=\"_ _0\"></span>mit<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>e reviews th<span class=\"_ _0\"></span>e </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs147\">reaso<span class=\"_ _0\"></span>nab<span class=\"_ _0\"></span>len<span class=\"_ _0\"></span>ess of judg<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s assoc<span class=\"_ _0\"></span>iated wit<span class=\"_ _0\"></span>h and the ap<span class=\"_ _0\"></span>plic<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of material ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>untin<span class=\"_ _0\"></span>g poli<span class=\"_ _0\"></span>cie<span class=\"_ _0\"></span>s. Th<span class=\"_ _0\"></span>e signi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>can<span class=\"_ _0\"></span>t acc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ting mat<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>s </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs148\">con<span class=\"_ _0\"></span>side<span class=\"_ _0\"></span>red by the Au<span class=\"_ _0\"></span>dit C<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>mit<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>e in respe<span class=\"_ _0\"></span>ct of the yea<span class=\"_ _0\"></span>r ende<span class=\"_ _0\"></span>d 31 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>24 are inclu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d within th<span class=\"_ _0\"></span>e Audi<span class=\"_ _0\"></span>t Co<span class=\"_ _0\"></span>mmi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tee Rep<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>t on page 7<span class=\"_ _1\"></span>4. </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs149\">Th<span class=\"_ _0\"></span>e major are<span class=\"_ _0\"></span>as of criti<span class=\"_ _0\"></span>cal ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>unti<span class=\"_ _0\"></span>ng jud<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ent o<span class=\"_ _0\"></span>n poli<span class=\"_ _0\"></span>cy app<span class=\"_ _0\"></span>lica<span class=\"_ _0\"></span>tion are c<span class=\"_ _0\"></span>onsi<span class=\"_ _0\"></span>dere<span class=\"_ _0\"></span>d be<span class=\"_ _0\"></span>low:<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h15 ff1 fs5 fc2 sc0 ls18 ws0 gs14a\">In<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nce a<span class=\"_ _0\"></span>nd i<span class=\"_ _0\"></span>nves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ct l<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>abi<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ies (<span class=\"_ _0\"></span>Notes <span class=\"ls45 ws100\">21</span> a<span class=\"_ _0\"></span>nd <span class=\"ls1b ws1f\">22</span>): Pro<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>t cla<span class=\"_ _0\"></span>ssi<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ation a<span class=\"_ _0\"></span>nd t<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>ment of t<span class=\"_ _0\"></span>he si<span class=\"_ _0\"></span>gn<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce </div><div class=\"t m2 h15 ff1 fs5 fc2 sc0 ls18 ws0 gs14b\">of<span class=\"_ gs14c\"> </span>in<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nce r<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>sk t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>sfer<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d to t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup i<span class=\"_ _0\"></span>n det<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g whet<span class=\"_ _0\"></span>her a c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t shou<span class=\"_ _0\"></span>ld b<span class=\"_ _0\"></span>e ac<span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>nte<span class=\"_ _0\"></span>d for as a<span class=\"_ _0\"></span>n i<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span> </div><div class=\"t m2 h15 ff1 fs5 fc2 sc0 ls18 ws32 gs14d\">or<span class=\"_ gs14c\"> </span>inve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ment<span class=\"_ gs14c\"> </span>c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs14e\">Co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts whi<span class=\"_ _0\"></span>ch tra<span class=\"_ _0\"></span>nsfer sign<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ica<span class=\"_ _0\"></span>nt insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce ris<span class=\"_ _0\"></span>k to <span class=\"_ _1\"></span>the Gr<span class=\"_ _0\"></span>oup are cla<span class=\"_ _0\"></span>ssif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d as insur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>. Con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts that tra<span class=\"_ _0\"></span>nsfer f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial ri<span class=\"_ _0\"></span>sk </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs14f\">(e.g.<span class=\"_ gsec\"> </span>chan<span class=\"_ _0\"></span>ge in intere<span class=\"_ _0\"></span>st rate or sec<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y pri<span class=\"_ _0\"></span>ce) to <span class=\"_ _1\"></span>the Gro<span class=\"_ _0\"></span>up bu<span class=\"_ _0\"></span>t not signi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>nt insur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e risk are cl<span class=\"_ _0\"></span>assif<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ed as invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>ts.<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs150\">Jud<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t is require<span class=\"_ _0\"></span>d in ord<span class=\"_ _0\"></span>er to assess th<span class=\"_ _0\"></span>e signif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce of the tran<span class=\"_ _0\"></span>sfer of insur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e risk wit<span class=\"_ _0\"></span>hin a con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>t. T<span class=\"_ _0\"></span>his asse<span class=\"_ _0\"></span>ssm<span class=\"_ _0\"></span>ent is bas<span class=\"_ _0\"></span>ed on wh<span class=\"_ _0\"></span>ethe<span class=\"_ _0\"></span>r </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs151\">the oc<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e of an insured eve<span class=\"_ _0\"></span>nt cou<span class=\"_ _0\"></span>ld caus<span class=\"_ _0\"></span>e the Gro<span class=\"_ _0\"></span>up to make signif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant addi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal pay<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts, i.e<span class=\"_ _0\"></span>. if the oc<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>ce of the even<span class=\"_ _0\"></span>t cause<span class=\"_ _0\"></span>s </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs152\">signi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>can<span class=\"_ _0\"></span>tly hig<span class=\"_ _0\"></span>her c<span class=\"_ _0\"></span>ash ou<span class=\"_ _0\"></span>t flows for the G<span class=\"_ _0\"></span>roup th<span class=\"_ _0\"></span>an its no<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>cc<span class=\"_ _0\"></span>urre<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs154\">Ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tai<span class=\"_ _0\"></span>n con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>, which are b<span class=\"_ _0\"></span>oth insur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e and inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>, can co<span class=\"_ _0\"></span>ntai<span class=\"_ _0\"></span>n discre<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y featu<span class=\"_ _0\"></span>res repr<span class=\"_ _0\"></span>ese<span class=\"_ _0\"></span>nting th<span class=\"_ _0\"></span>e con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>tual ri<span class=\"_ _0\"></span>ght to rece<span class=\"_ _0\"></span>ive </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs155\">addi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal be<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>its as a sup<span class=\"_ _0\"></span>ple<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt to guarante<span class=\"_ _0\"></span>ed be<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ts unde<span class=\"_ _0\"></span>r cer<span class=\"_ _3\"></span>tain co<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>, bein<span class=\"_ _0\"></span>g:<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h9 ff3 fs5 fc1 sc0 ls9 ws15 gs156\">\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">that th<span class=\"_ _0\"></span>e addi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal b<span class=\"_ _0\"></span>enef<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ts are a sig<span class=\"_ _0\"></span>nif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant p<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>tion of th<span class=\"_ _0\"></span>e total co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>ctua<span class=\"_ _0\"></span>l be<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>its<span class=\"_ _3b2\"> </span></span></div><div class=\"t m0 h9 ff3 fs5 fc1 sc0 ls9 ws15 gs157\">\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">the ti<span class=\"_ _0\"></span>ming a<span class=\"_ _0\"></span>nd am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t of the ad<span class=\"_ _0\"></span>diti<span class=\"_ _0\"></span>onal b<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>its is at t<span class=\"_ _0\"></span>he dis<span class=\"_ _0\"></span>creti<span class=\"_ _0\"></span>on of th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up<span class=\"_ _3b2\"> </span></span></div><div class=\"t m0 ha ff3 fs5 fc1 sc0 ls9 ws15 gs158\">\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">that the ad<span class=\"_ _0\"></span>diti<span class=\"_ _0\"></span>onal b<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>ts are co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>ctua<span class=\"_ _0\"></span>lly de<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>nt upo<span class=\"_ _0\"></span>n the pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>man<span class=\"_ _0\"></span>ce of an enti<span class=\"_ _0\"></span>ty, fund or sp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>cif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d poo<span class=\"_ _0\"></span>l of assets<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs159\">Insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts an<span class=\"_ _0\"></span>d investm<span class=\"_ _0\"></span>ent c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>s with suc<span class=\"_ _0\"></span>h disc<span class=\"_ _0\"></span>retio<span class=\"_ _0\"></span>nar<span class=\"_ _3\"></span>y par<span class=\"_ _0\"></span>tic<span class=\"_ _0\"></span>ipati<span class=\"_ _0\"></span>on feature<span class=\"_ _0\"></span>s are acc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ted for unde<span class=\"_ _0\"></span>r IFR<span class=\"_ _0\"></span>S 1<span class=\"_ _1\"></span>7<span class=\"_ _4\"></span>, whil<span class=\"_ _0\"></span>e investm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs15a\">con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts wit<span class=\"_ _0\"></span>hou<span class=\"_ _0\"></span>t disc<span class=\"_ _0\"></span>retio<span class=\"_ _0\"></span>nar<span class=\"_ _3\"></span>y par<span class=\"_ _0\"></span>tic<span class=\"_ _0\"></span>ipati<span class=\"_ _0\"></span>on feature<span class=\"_ _0\"></span>s are acc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ted for as fina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al inst<span class=\"_ _0\"></span>rum<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s unde<span class=\"_ _0\"></span>r IFR<span class=\"_ _0\"></span>S 9. </div><div class=\"t m0 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs15b\">Jud<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t is the<span class=\"_ _0\"></span>refore re<span class=\"_ _0\"></span>quire<span class=\"_ _0\"></span>d in o<span class=\"_ _0\"></span>rde<span class=\"_ _0\"></span>r to estab<span class=\"_ _0\"></span>lish wh<span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span>er any a<span class=\"_ _0\"></span>ddi<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>al be<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>s in an ins<span class=\"_ _0\"></span>ura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e or inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>et the a<span class=\"_ _0\"></span>bove </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs15c\">requ<span class=\"_ _0\"></span>irem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s for bein<span class=\"_ _0\"></span>g cons<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>red disc<span class=\"_ _0\"></span>reti<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y par<span class=\"_ _3\"></span>ticip<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n features<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h15 ff1 fs5 fc2 sc0 ls18 ws0 gs15d\">Con<span class=\"_ _0\"></span>sol<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>ation (<span class=\"_ _0\"></span>Note<span class=\"_ _0\"></span>s <span class=\"ls10 ws12\">40</span><span class=\"ls1\">-<span class=\"ls118 ws126\">42</span></span>): A<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>sment of whe<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>her t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup cont<span class=\"_ _0\"></span>rols u<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>erly<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g ent<span class=\"_ _0\"></span>itie<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>nd shou<span class=\"_ _0\"></span>ld t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>refore c<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>oli<span class=\"_ _0\"></span>dat<span class=\"_ _0\"></span>e the<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>. </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls94 ws99 gs15e\">Th<span class=\"_ _0\"></span>e assess<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt takes acc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t of various cr<span class=\"_ _0\"></span>iter<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>, inclu<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>g decis<span class=\"_ _0\"></span>ion ma<span class=\"_ _0\"></span>kin<span class=\"_ _0\"></span>g abilit<span class=\"_ _0\"></span>y, equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y holdi<span class=\"_ _0\"></span>ng and the rig<span class=\"_ _0\"></span>hts to a <span class=\"_ _1\"></span>vari<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e return fro<span class=\"_ _0\"></span>m the enti<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs15f\">Co<span class=\"_ _0\"></span>ntrol ar<span class=\"_ _0\"></span>ises wh<span class=\"_ _0\"></span>en the G<span class=\"_ _0\"></span>roup is exp<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>d, o<span class=\"_ _0\"></span>r has right<span class=\"_ _0\"></span>s, to variab<span class=\"_ _0\"></span>le retu<span class=\"_ _0\"></span>rns fro<span class=\"_ _0\"></span>m its invol<span class=\"_ _0\"></span>veme<span class=\"_ _0\"></span>nt wit<span class=\"_ _0\"></span>h the enti<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y and has the ab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y to affec<span class=\"_ _0\"></span>t thos<span class=\"_ _0\"></span>e </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs160\">retur<span class=\"_ _0\"></span>ns thro<span class=\"_ _0\"></span>ugh i<span class=\"_ _0\"></span>ts power over the e<span class=\"_ _0\"></span>ntit<span class=\"_ _0\"></span>y. </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs161\">For op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ating e<span class=\"_ _0\"></span>ntiti<span class=\"_ _0\"></span>es this ge<span class=\"_ _0\"></span>ner<span class=\"_ _0\"></span>ally ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>anie<span class=\"_ _0\"></span>s a shareh<span class=\"_ _0\"></span>old<span class=\"_ _0\"></span>ing of 50<span class=\"_ _0\"></span>% or mo<span class=\"_ _0\"></span>re in the enti<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y. <span class=\"_ _1\"></span>Su<span class=\"_ _0\"></span>bsidi<span class=\"_ _0\"></span>ari<span class=\"_ _0\"></span>es that are co<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>lidated wh<span class=\"_ _0\"></span>ere the G<span class=\"_ _0\"></span>roup<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs162\">owns les<span class=\"_ _0\"></span>s than 5<span class=\"_ _0\"></span>0% of the ord<span class=\"_ _0\"></span>inar<span class=\"_ _3\"></span>y share cap<span class=\"_ _0\"></span>ital (stru<span class=\"_ _0\"></span>ctu<span class=\"_ _0\"></span>red en<span class=\"_ _0\"></span>titi<span class=\"_ _0\"></span>es), are conso<span class=\"_ _0\"></span>lidate<span class=\"_ _0\"></span>d based o<span class=\"_ _0\"></span>n an assess<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt of contr<span class=\"_ _0\"></span>ol nor<span class=\"_ _0\"></span>mal<span class=\"_ _0\"></span>ly aris<span class=\"_ _0\"></span>ing fro<span class=\"_ _0\"></span>m </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs163\">spe<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>l right<span class=\"_ _0\"></span>s att<span class=\"_ _0\"></span>achi<span class=\"_ _0\"></span>ng to the class of share own<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>, othe<span class=\"_ _0\"></span>r cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>tual ar<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts and factor<span class=\"_ _0\"></span>s suc<span class=\"_ _0\"></span>h as the pur<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>e of the investee<span class=\"_ _0\"></span>, the natur<span class=\"_ _0\"></span>e </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs164\">of its releva<span class=\"_ _0\"></span>nt acti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>, voting rig<span class=\"_ _0\"></span>hts (in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>ding p<span class=\"_ _0\"></span>otential votin<span class=\"_ _0\"></span>g right<span class=\"_ _0\"></span>s) <span class=\"_ _1\"></span>and sub<span class=\"_ _0\"></span>sta<span class=\"_ _0\"></span>ntive and pr<span class=\"_ _0\"></span>otecti<span class=\"_ _0\"></span>ve right<span class=\"_ _0\"></span>s. </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 lsd ws7f gs165\">Th<span class=\"_ _0\"></span>e Group invests in vari<span class=\"_ _0\"></span>ous fun<span class=\"_ _0\"></span>d and unit trus<span class=\"_ _0\"></span>t entiti<span class=\"_ _0\"></span>es where it also acts as the asset mana<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>r t<span class=\"_ _1\"></span>o those enti<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s. In these inst<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, in determi<span class=\"_ _0\"></span>ning<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs166\">whet<span class=\"_ _0\"></span>her th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p cont<span class=\"_ _0\"></span>rols th<span class=\"_ _0\"></span>e entit<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>, the asse<span class=\"_ _0\"></span>ssm<span class=\"_ _0\"></span>ent foc<span class=\"_ _0\"></span>use<span class=\"_ _0\"></span>s on the agg<span class=\"_ _0\"></span>rega<span class=\"_ _0\"></span>te econ<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>ic interes<span class=\"_ _0\"></span>ts of the Grou<span class=\"_ _0\"></span>p (<span class=\"_ _1\"></span>dire<span class=\"_ _0\"></span>ct intere<span class=\"_ _0\"></span>st and ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cted<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs167\">mana<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t fees) and on wheth<span class=\"_ _0\"></span>er the Gr<span class=\"_ _0\"></span>oup ac<span class=\"_ _0\"></span>ts as a princ<span class=\"_ _0\"></span>ipal o<span class=\"_ _0\"></span>r agent<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>is incl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>s an asses<span class=\"_ _0\"></span>sme<span class=\"_ _0\"></span>nt of the remov<span class=\"_ _0\"></span>al right<span class=\"_ _0\"></span>s of other investor<span class=\"_ _0\"></span>s </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 lsd ws7f gs168\">(their pr<span class=\"_ _0\"></span>acti<span class=\"_ _0\"></span>cal abili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y to <span class=\"_ _1\"></span>allow the Grou<span class=\"_ _0\"></span>p not t<span class=\"_ _1\"></span>o contro<span class=\"_ _0\"></span>l the fund<span class=\"_ _0\"></span>). Additi<span class=\"_ _0\"></span>onal<span class=\"_ _0\"></span>ly, <span class=\"_ _1\"></span>hol<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>gs in such investm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s can fluc<span class=\"_ _0\"></span>tuate on a daily basis acco<span class=\"_ _0\"></span>rdin<span class=\"_ _0\"></span>g </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs169\">to<span class=\"_ gsec\"> </span>the par<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>icip<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of the Group an<span class=\"_ _0\"></span>d other inves<span class=\"_ _0\"></span>tors in th<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>. As a resul<span class=\"_ _0\"></span>t, in dete<span class=\"_ _0\"></span>rmi<span class=\"_ _0\"></span>ning c<span class=\"_ _0\"></span>ontro<span class=\"_ _0\"></span>l, we lo<span class=\"_ _0\"></span>ok at an asses<span class=\"_ _0\"></span>sme<span class=\"_ _0\"></span>nt of these fac<span class=\"_ _0\"></span>tors over<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs16a\">a<span class=\"_ gsec\"> </span>lon<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>r per<span class=\"_ _0\"></span>iod to mitig<span class=\"_ _0\"></span>ate the impa<span class=\"_ _0\"></span>ct of daily f<span class=\"_ _0\"></span>luc<span class=\"_ _0\"></span>tuati<span class=\"_ _0\"></span>ons whi<span class=\"_ _0\"></span>ch do not ref<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>ct th<span class=\"_ _0\"></span>e wider fac<span class=\"_ _0\"></span>ts and cir<span class=\"_ _0\"></span>cum<span class=\"_ _0\"></span>stan<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>s of the Group\u2019s involve<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt.<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs16b\">This<span class=\"_ gsec\"> </span>i<span class=\"_ _0\"></span>s per<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rme<span class=\"_ _0\"></span>d in line wi<span class=\"_ _0\"></span>th the followi<span class=\"_ _0\"></span>ng pr<span class=\"_ _0\"></span>inc<span class=\"_ _0\"></span>iple<span class=\"_ _0\"></span>s:<span class=\"_ _3b2\"> </span></div><div class=\"t m0 ha ff3 fs5 fc1 sc0 ls9 ws15 gs16c\">\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">whe<span class=\"_ _0\"></span>re the enti<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y is manag<span class=\"_ _0\"></span>ed by a Group as<span class=\"_ _0\"></span>set man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>, and the Gro<span class=\"_ _0\"></span>up\u2019s owner<span class=\"_ _0\"></span>shi<span class=\"_ _0\"></span>p holdi<span class=\"_ _0\"></span>ng in the en<span class=\"_ _0\"></span>tit<span class=\"_ _0\"></span>y exce<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>s 50<span class=\"_ _0\"></span>%<span class=\"_ _0\"></span>, the Gro<span class=\"_ _0\"></span>up is judg<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span> </span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs16d\">to<span class=\"_ gsec\"> </span>have contro<span class=\"_ _0\"></span>l over the enti<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div><div class=\"t m0 ha ff3 fs5 fc1 sc0 ls9 ws15 gs16e\">\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">whe<span class=\"_ _0\"></span>re the enti<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y is manag<span class=\"_ _0\"></span>ed by a Group as<span class=\"_ _0\"></span>set man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>, and the Gro<span class=\"_ _0\"></span>up\u2019s owner<span class=\"_ _0\"></span>shi<span class=\"_ _0\"></span>p holdi<span class=\"_ _0\"></span>ng in the en<span class=\"_ _0\"></span>tit<span class=\"_ _0\"></span>y is bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en 3<span class=\"_ _0\"></span>0% and 5<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>%<span class=\"_ _0\"></span>, the fac<span class=\"_ _0\"></span>ts </span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs16f\">and<span class=\"_ gsec\"> </span>ci<span class=\"_ _0\"></span>rcu<span class=\"_ _0\"></span>msta<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>es of the Grou<span class=\"_ _0\"></span>p\u2019s involvem<span class=\"_ _0\"></span>ent in the e<span class=\"_ _0\"></span>ntit<span class=\"_ _0\"></span>y are co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>d, in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>g the righ<span class=\"_ _0\"></span>ts to any f<span class=\"_ _1\"></span>ees ea<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>ed by the asse<span class=\"_ _0\"></span>t mana<span class=\"_ _0\"></span>ger<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs170\">from<span class=\"_ gsec\"> </span>t<span class=\"_ _0\"></span>he enti<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, in <span class=\"_ _1\"></span>form<span class=\"_ _0\"></span>ing a jud<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ent as to wheth<span class=\"_ _0\"></span>er th<span class=\"_ _0\"></span>e Group ha<span class=\"_ _0\"></span>s cont<span class=\"_ _0\"></span>rol over the en<span class=\"_ _0\"></span>tit<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div><div class=\"t m0 ha ff3 fs5 fc1 sc0 ls9 ws15 gs171\">\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">whe<span class=\"_ _0\"></span>re the enti<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y is manag<span class=\"_ _0\"></span>ed by a Group as<span class=\"_ _0\"></span>set man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>, and the Gro<span class=\"_ _0\"></span>up\u2019s owner<span class=\"_ _0\"></span>shi<span class=\"_ _0\"></span>p holdi<span class=\"_ _0\"></span>ng in the en<span class=\"_ _0\"></span>tit<span class=\"_ _0\"></span>y is les<span class=\"_ _0\"></span>s than 30<span class=\"_ _0\"></span>%<span class=\"_ _0\"></span>, the Gr<span class=\"_ _0\"></span>oup is jud<span class=\"_ _0\"></span>ged<span class=\"_ _0\"></span> </span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs172\">to<span class=\"_ gsec\"> </span>not have contro<span class=\"_ _0\"></span>l over the ent<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y, but again th<span class=\"_ _0\"></span>e facts and ci<span class=\"_ _0\"></span>rcu<span class=\"_ _0\"></span>msta<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>es of the Grou<span class=\"_ _0\"></span>p\u2019s involvem<span class=\"_ _0\"></span>ent in the e<span class=\"_ _0\"></span>ntit<span class=\"_ _0\"></span>y are co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>d.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs173\">Th<span class=\"_ _0\"></span>e followin<span class=\"_ _0\"></span>g sets ou<span class=\"_ _0\"></span>t informa<span class=\"_ _0\"></span>tion ab<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>t the cr<span class=\"_ _0\"></span>itic<span class=\"_ _0\"></span>al ac<span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>ntin<span class=\"_ _0\"></span>g assum<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>ns mad<span class=\"_ _0\"></span>e by the Group ab<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>t the fu<span class=\"_ _0\"></span>ture<span class=\"_ _0\"></span>, and othe<span class=\"_ _0\"></span>r major so<span class=\"_ _0\"></span>urc<span class=\"_ _0\"></span>es </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs174\">of<span class=\"_ gsec\"> </span>estim<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n unc<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>aint<span class=\"_ _0\"></span>y at the en<span class=\"_ _0\"></span>d of the repo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng per<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d, that have a signi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>can<span class=\"_ _0\"></span>t risk of resul<span class=\"_ _0\"></span>ting in a mater<span class=\"_ _0\"></span>ial adjus<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt to the car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>yi<span class=\"_ _0\"></span>ng </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs175\">amo<span class=\"_ _0\"></span>unts of asse<span class=\"_ _0\"></span>ts and liabi<span class=\"_ _0\"></span>liti<span class=\"_ _0\"></span>es with<span class=\"_ _0\"></span>in the nex<span class=\"_ _0\"></span>t f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al year<span class=\"_ _0\"></span>:<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h15 ff1 fs5 fc2 sc0 ls18 ws0 gs176\">V<span class=\"_ _1\"></span>aluat<span class=\"_ _0\"></span>ion of i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce cont<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>act l<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>abi<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ies (<span class=\"_ _0\"></span>Notes <span class=\"lsb7 ws124\">19<span class=\"_ _3\"></span></span><span class=\"ls1\">-<span class=\"_ _1\"></span><span class=\"ls45 ws100\">21<span class=\"_ _1\"></span><span class=\"ls1 ws0\">)<span class=\"_ _3b2\"> </span></span></span></span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs177\">Th<span class=\"_ _0\"></span>e key judge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts aroun<span class=\"_ _0\"></span>d the valu<span class=\"_ _0\"></span>ation of insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>act lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ties rel<span class=\"_ _0\"></span>ate to <span class=\"_ _1\"></span>the followi<span class=\"_ _0\"></span>ng assu<span class=\"_ _0\"></span>mpti<span class=\"_ _0\"></span>ons:<span class=\"_ _3b2\"> </span></div><div class=\"t m0 ha ff3 fs5 fc1 sc0 lsd ws7f gs178\">\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">de<span class=\"_ _0\"></span>termi<span class=\"_ _0\"></span>natio<span class=\"_ _0\"></span>n of <span class=\"_ _1\"></span>the lon<span class=\"_ _0\"></span>gev<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y, mor<span class=\"_ _0\"></span>tali<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y and mor<span class=\"_ _0\"></span>bidi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y assump<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s used in the calcu<span class=\"_ _0\"></span>latio<span class=\"_ _0\"></span>n of <span class=\"_ _1\"></span>the insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>t liabili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s; the assump<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s </span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs179\">for the rate of future lo<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>evi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, <span class=\"_ _1\"></span>mor<span class=\"_ _3\"></span>talit<span class=\"_ _0\"></span>y an<span class=\"_ _0\"></span>d mor<span class=\"_ _0\"></span>bidi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y are base<span class=\"_ _0\"></span>d on the Gro<span class=\"_ _0\"></span>up\u2019s intern<span class=\"_ _0\"></span>al expe<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e and jud<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts abo<span class=\"_ _0\"></span>ut how exp<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ien<span class=\"_ _0\"></span>ce may<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs17a\">var<span class=\"_ _0\"></span>y in the f<span class=\"_ _0\"></span>utu<span class=\"_ _0\"></span>re. This as<span class=\"_ _0\"></span>sess<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt takes into acc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t market b<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>hm<span class=\"_ _0\"></span>ark<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>, inter<span class=\"_ _0\"></span>nal exp<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ien<span class=\"_ _0\"></span>ce st<span class=\"_ _0\"></span>udie<span class=\"_ _0\"></span>s and ind<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>ent in<span class=\"_ _0\"></span>dus<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>y dat<span class=\"_ _0\"></span>a. Th<span class=\"_ _0\"></span>e </div><div class=\"t m0 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs17b\">lon<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>-ter<span class=\"_ _0\"></span>m ass<span class=\"_ _0\"></span>ump<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s are adju<span class=\"_ _0\"></span>sted to ref<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>ct th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p\u2019s view on t<span class=\"_ _0\"></span>he ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>ts of the C<span class=\"_ _0\"></span>ovi<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>-1<span class=\"_ _4\"></span>9 p<span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>emi<span class=\"_ _0\"></span>c on cl<span class=\"_ _0\"></span>aims ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e in th<span class=\"_ _0\"></span>e me<span class=\"_ _0\"></span>dium to </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs17c\">lon<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>-ter<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>, inform<span class=\"_ _0\"></span>ed by eme<span class=\"_ _0\"></span>rgin<span class=\"_ _0\"></span>g exp<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ce and in<span class=\"_ _0\"></span>dus<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>y stu<span class=\"_ _0\"></span>dies<span class=\"_ _3b2\"> </span></div><div class=\"t m0 ha ff3 fs5 fc1 sc0 ls9 ws15 gs17d\">\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of the direc<span class=\"_ _0\"></span>tly at<span class=\"_ _0\"></span>tri<span class=\"_ _0\"></span>bu<span class=\"_ _0\"></span>tabl<span class=\"_ _0\"></span>e expe<span class=\"_ _0\"></span>nse as<span class=\"_ _0\"></span>sump<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s used in th<span class=\"_ _0\"></span>e calc<span class=\"_ _0\"></span>ulati<span class=\"_ _0\"></span>on of the insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es. T<span class=\"_ _0\"></span>hes<span class=\"_ _0\"></span>e repre<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>t the expe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted </span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs17e\">fut<span class=\"_ _0\"></span>ure cos<span class=\"_ _0\"></span>ts that rela<span class=\"_ _0\"></span>te directl<span class=\"_ _0\"></span>y to the fulf<span class=\"_ _0\"></span>ilm<span class=\"_ _0\"></span>ent of the und<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>lyi<span class=\"_ _0\"></span>ng insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce po<span class=\"_ _0\"></span>lic<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>, and are base<span class=\"_ _0\"></span>d on man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>\u2019s best esti<span class=\"_ _0\"></span>mate of these </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs17f\">fut<span class=\"_ _0\"></span>ure cos<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>, and on an app<span class=\"_ _0\"></span>ropr<span class=\"_ _0\"></span>iate allo<span class=\"_ _0\"></span>cati<span class=\"_ _0\"></span>on be<span class=\"_ _0\"></span>twe<span class=\"_ _0\"></span>en se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>cin<span class=\"_ _0\"></span>g new and exis<span class=\"_ _0\"></span>ting bu<span class=\"_ _0\"></span>sine<span class=\"_ _0\"></span>ss<span class=\"_ _3b2\"> </span></div><div class=\"t m0 ha ff3 fs5 fc1 sc0 ls9 ws15 gs180\">\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of valuation in<span class=\"_ _0\"></span>terest rates us<span class=\"_ _0\"></span>ed to disco<span class=\"_ _0\"></span>unt the lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>, whic<span class=\"_ _0\"></span>h are sens<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>ve to <span class=\"_ _1\"></span>the ass<span class=\"_ _0\"></span>umpt<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s made<span class=\"_ _0\"></span>, for exampl<span class=\"_ _0\"></span>e, on cre<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span> </span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs181\">defaul<span class=\"_ _0\"></span>t of the back<span class=\"_ _0\"></span>ing as<span class=\"_ _0\"></span>sets<span class=\"_ _0\"></span>. The<span class=\"_ _0\"></span>se assu<span class=\"_ _0\"></span>mpti<span class=\"_ _0\"></span>ons take into acc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t cons<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>ratio<span class=\"_ _0\"></span>n of market exp<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ien<span class=\"_ _0\"></span>ce and his<span class=\"_ _0\"></span>tori<span class=\"_ _0\"></span>c intern<span class=\"_ _0\"></span>al data. T<span class=\"_ _0\"></span>he valu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n </div><div class=\"t m0 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs182\">interes<span class=\"_ _0\"></span>t rate is also s<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>itive to th<span class=\"_ _0\"></span>e sel<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tion of t<span class=\"_ _0\"></span>he refere<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>folio of as<span class=\"_ _0\"></span>sets c<span class=\"_ _0\"></span>hos<span class=\"_ _0\"></span>en to bac<span class=\"_ _0\"></span>k the li<span class=\"_ _0\"></span>abili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h9 ff3 fs5 fc1 sc0 ls9 ws15 gs183\">\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of the co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n requ<span class=\"_ _0\"></span>ire<span class=\"_ _0\"></span>d for be<span class=\"_ _0\"></span>arin<span class=\"_ _0\"></span>g the u<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>taint<span class=\"_ _0\"></span>y ab<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>t the a<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt and t<span class=\"_ _0\"></span>imin<span class=\"_ _0\"></span>g of the c<span class=\"_ _0\"></span>ash f<span class=\"_ _0\"></span>lows ar<span class=\"_ _0\"></span>isin<span class=\"_ _0\"></span>g from n<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>-<span class=\"_ _3b2\"> </span></span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs184\">fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>ial ris<span class=\"_ _0\"></span>ks as insur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts are fulf<span class=\"_ _0\"></span>ill<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>, in the cal<span class=\"_ _0\"></span>cul<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of the risk adjus<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt<span class=\"_ _3b2\"> </span></div><div class=\"t m0 ha ff3 fs5 fc1 sc0 ls9 ws15 gs185\">\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of the weightin<span class=\"_ _0\"></span>g of the covera<span class=\"_ _0\"></span>ge uni<span class=\"_ _0\"></span>ts, us<span class=\"_ _0\"></span>ed to calc<span class=\"_ _0\"></span>ulate the C<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>M amor<span class=\"_ _3\"></span>tisati<span class=\"_ _0\"></span>on in the year, bet<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n the paym<span class=\"_ _0\"></span>ent ph<span class=\"_ _0\"></span>ase </span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs186\">and<span class=\"_ gsec\"> </span>th<span class=\"_ _0\"></span>e<span class=\"_ gsec\"> </span>defer<span class=\"_ _0\"></span>ral ph<span class=\"_ _0\"></span>ase for defer<span class=\"_ _0\"></span>red ann<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>. Judg<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent is req<span class=\"_ _0\"></span>uire<span class=\"_ _0\"></span>d to combi<span class=\"_ _0\"></span>ne the dif<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>rent cove<span class=\"_ _0\"></span>rag<span class=\"_ _0\"></span>e units so th<span class=\"_ _0\"></span>at they fair<span class=\"_ _0\"></span>ly ref<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>ct </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs187\">the<span class=\"_ gsec\"> </span>se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ice<span class=\"_ _0\"></span>s<span class=\"_ gsec\"> </span>provi<span class=\"_ _0\"></span>ded<span class=\"_ _3b2\"> </span></div><div class=\"t m0 ha ff3 fs5 fc1 sc0 ls9 ws15 gs188\">\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of the transi<span class=\"_ _0\"></span>tion d<span class=\"_ _0\"></span>ate CS<span class=\"_ _0\"></span>M unde<span class=\"_ _0\"></span>r IF<span class=\"_ _0\"></span>RS 1<span class=\"_ _1\"></span>7 inco<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ated judg<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>. In par<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>cul<span class=\"_ _0\"></span>ar, <span class=\"_ _1\"></span>judg<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s made in the c<span class=\"_ _0\"></span>alcu<span class=\"_ _0\"></span>latio<span class=\"_ _0\"></span>n of the </span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs189\">C<span class=\"_ _0\"></span>SM<span class=\"_ gsec\"> </span>fo<span class=\"_ _0\"></span>r por<span class=\"_ _3\"></span>tfoli<span class=\"_ _0\"></span>os trans<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>d usin<span class=\"_ _0\"></span>g the fair value ap<span class=\"_ _0\"></span>pro<span class=\"_ _0\"></span>ach at 1 Janu<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 co<span class=\"_ _0\"></span>ntinu<span class=\"_ _0\"></span>e to be a compo<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>nt of the cur<span class=\"_ _0\"></span>rent val<span class=\"_ _0\"></span>uatio<span class=\"_ _0\"></span>n of </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs18a\">the<span class=\"_ gsec\"> </span>C<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>M<span class=\"_ gsec\"> </span>unt<span class=\"_ _0\"></span>il thos<span class=\"_ _0\"></span>e por<span class=\"_ _3\"></span>tfoli<span class=\"_ _0\"></span>os expir<span class=\"_ _0\"></span>e.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs18b\">Note 20 incl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>s a sensi<span class=\"_ _0\"></span>tivi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y anal<span class=\"_ _0\"></span>ysis on po<span class=\"_ _0\"></span>st-t<span class=\"_ _0\"></span>ax Gro<span class=\"_ _0\"></span>up prof<span class=\"_ _0\"></span>it an<span class=\"_ _0\"></span>d Grou<span class=\"_ _0\"></span>p equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y to reasonab<span class=\"_ _0\"></span>le alter<span class=\"_ _0\"></span>nati<span class=\"_ _0\"></span>ve assum<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>ns.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h15 ff1 fs5 fc2 sc0 ls18 ws0 gs18d\">V<span class=\"_ _1\"></span>aluat<span class=\"_ _0\"></span>ion of u<span class=\"_ _0\"></span>nqu<span class=\"_ _0\"></span>oted i<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>liq<span class=\"_ _0\"></span>uid a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>nd i<span class=\"_ _0\"></span>nvest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y (<span class=\"_ _0\"></span>Note <span class=\"ls30 ws9\">12</span><span class=\"ls1\">)<span class=\"_ _3b2\"> </span></span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs18e\">Dete<span class=\"_ _0\"></span>rmi<span class=\"_ _0\"></span>natio<span class=\"_ _0\"></span>n of fair value of unqu<span class=\"_ _0\"></span>oted and illiq<span class=\"_ _0\"></span>uid asse<span class=\"_ _0\"></span>ts, an<span class=\"_ _0\"></span>d investm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y invo<span class=\"_ _0\"></span>lves jud<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts in mod<span class=\"_ _0\"></span>el valu<span class=\"_ _0\"></span>ation<span class=\"_ _0\"></span>s, thr<span class=\"_ _0\"></span>oug<span class=\"_ _0\"></span>h the </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs18f\">inc<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>ratio<span class=\"_ _0\"></span>n of both obse<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vab<span class=\"_ _0\"></span>le and un<span class=\"_ _0\"></span>obs<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>vable ma<span class=\"_ _0\"></span>rket inp<span class=\"_ _0\"></span>uts<span class=\"_ _0\"></span>, whic<span class=\"_ _0\"></span>h incl<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>e assum<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>ns that lea<span class=\"_ _0\"></span>d to <span class=\"_ _1\"></span>the exis<span class=\"_ _0\"></span>tenc<span class=\"_ _0\"></span>e of a range of plausi<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs190\">valuat<span class=\"_ _0\"></span>ions for f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al assets<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs191\">In asses<span class=\"_ _0\"></span>sin<span class=\"_ _0\"></span>g asset valu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n, in lin<span class=\"_ _0\"></span>e with app<span class=\"_ _0\"></span>lic<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e stan<span class=\"_ _0\"></span>dards an<span class=\"_ _0\"></span>d guida<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e, the Gr<span class=\"_ _0\"></span>oup has bot<span class=\"_ _0\"></span>h proje<span class=\"_ _0\"></span>cted th<span class=\"_ _0\"></span>e sho<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t-<span class=\"_ _0\"></span>term im<span class=\"_ _0\"></span>pac<span class=\"_ _0\"></span>t on earn<span class=\"_ _0\"></span>ings<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs192\">and<span class=\"_ gsec\"> </span>c<span class=\"_ _0\"></span>ash fl<span class=\"_ _0\"></span>ows of the curr<span class=\"_ _0\"></span>ent mar<span class=\"_ _0\"></span>ket volatil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y, while con<span class=\"_ _0\"></span>tinui<span class=\"_ _0\"></span>ng to review the ass<span class=\"_ _0\"></span>ets\u2019 ab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y to delive<span class=\"_ _0\"></span>r lon<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>r term retur<span class=\"_ _0\"></span>ns alig<span class=\"_ _0\"></span>ned to thei<span class=\"_ _0\"></span>r </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls10 ws12 gs193\">investment cases.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs194\">Note 1<span class=\"_ _1\"></span>2 includ<span class=\"_ _0\"></span>es a sens<span class=\"_ _0\"></span>itiv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y ana<span class=\"_ _0\"></span>lysis o<span class=\"_ _0\"></span>n the fair value of unq<span class=\"_ _0\"></span>uoted illi<span class=\"_ _0\"></span>quid ass<span class=\"_ _0\"></span>ets and inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y to reason<span class=\"_ _0\"></span>able al<span class=\"_ _0\"></span>tern<span class=\"_ _0\"></span>ative assu<span class=\"_ _0\"></span>mpti<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h21 ff1 fs10 fc2 sc0 ls77 ws0 gs195\">(<span class=\"_ _1\"></span>v<span class=\"_ _0\"></span>ii) <span class=\"_ _10\"> </span>Consider<span class=\"_ _0\"></span>ation of cli<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ate cha<span class=\"_ _0\"></span>nge </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs196\">Th<span class=\"_ _0\"></span>e Group re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>es em<span class=\"_ _0\"></span>ergi<span class=\"_ _0\"></span>ng risk<span class=\"_ _0\"></span>s from both cl<span class=\"_ _0\"></span>imate cha<span class=\"_ _0\"></span>nge an<span class=\"_ _0\"></span>d the cri<span class=\"_ _0\"></span>sis with natu<span class=\"_ _0\"></span>re, an<span class=\"_ _0\"></span>d the inter<span class=\"_ _0\"></span>relati<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>hip be<span class=\"_ _0\"></span>twe<span class=\"_ _0\"></span>en ou<span class=\"_ _0\"></span>r climate and th<span class=\"_ _0\"></span>e </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs197\">natur<span class=\"_ _0\"></span>al worl<span class=\"_ _0\"></span>d. Clim<span class=\"_ _0\"></span>ate chang<span class=\"_ _0\"></span>e is the Grou<span class=\"_ _0\"></span>p\u2019s most mater<span class=\"_ _0\"></span>ial sus<span class=\"_ _0\"></span>taina<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y issue<span class=\"_ _0\"></span>, but th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p cont<span class=\"_ _0\"></span>inue<span class=\"_ _0\"></span>s to develo<span class=\"_ _0\"></span>p its und<span class=\"_ _0\"></span>ers<span class=\"_ _0\"></span>tan<span class=\"_ _0\"></span>ding of its<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs198\">impa<span class=\"_ _0\"></span>cts an<span class=\"_ _0\"></span>d dep<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>cie<span class=\"_ _0\"></span>s on nature<span class=\"_ _0\"></span>, con<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>tly wit<span class=\"_ _0\"></span>h its con<span class=\"_ _0\"></span>side<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>on of the imp<span class=\"_ _0\"></span>acts fro<span class=\"_ _0\"></span>m clim<span class=\"_ _0\"></span>ate chang<span class=\"_ _0\"></span>e. </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs199\">Th<span class=\"_ _0\"></span>e Group is exp<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>d to climate chan<span class=\"_ _0\"></span>ge thro<span class=\"_ _0\"></span>ug<span class=\"_ _0\"></span>h two broa<span class=\"_ _0\"></span>d catego<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>es: tran<span class=\"_ _0\"></span>siti<span class=\"_ _0\"></span>on ris<span class=\"_ _0\"></span>ks from the m<span class=\"_ _0\"></span>ove to a <span class=\"_ _1\"></span>low<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>arb<span class=\"_ _0\"></span>on e<span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>omy an<span class=\"_ _0\"></span>d the imp<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span> </div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs19a\">this has o<span class=\"_ _0\"></span>n ass<span class=\"_ _0\"></span>et valu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n and th<span class=\"_ _0\"></span>e ec<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>omy<span class=\"_ _0\"></span>; an<span class=\"_ _0\"></span>d physi<span class=\"_ _0\"></span>cal r<span class=\"_ _0\"></span>isks f<span class=\"_ _0\"></span>rom th<span class=\"_ _0\"></span>e imp<span class=\"_ _0\"></span>act o<span class=\"_ _0\"></span>n ass<span class=\"_ _0\"></span>et ho<span class=\"_ _0\"></span>ldin<span class=\"_ _0\"></span>gs as a res<span class=\"_ _0\"></span>ult of se<span class=\"_ _0\"></span>vere weat<span class=\"_ _0\"></span>her e<span class=\"_ _0\"></span>vents a<span class=\"_ _0\"></span>nd </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs19b\">lon<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>r-ter<span class=\"_ _0\"></span>m shif<span class=\"_ _0\"></span>ts in cli<span class=\"_ _0\"></span>mate.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs19c\">Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p has in<span class=\"_ _0\"></span>tegrate<span class=\"_ _0\"></span>d clim<span class=\"_ _0\"></span>ate risk ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt in<span class=\"_ _0\"></span>to its gove<span class=\"_ _0\"></span>rna<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e fram<span class=\"_ _0\"></span>ewor<span class=\"_ _0\"></span>k and h<span class=\"_ _0\"></span>as ca<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>ied o<span class=\"_ _0\"></span>ut a d<span class=\"_ _0\"></span>etail<span class=\"_ _0\"></span>ed as<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>sme<span class=\"_ _0\"></span>nt of how we c<span class=\"_ _0\"></span>oul<span class=\"_ _0\"></span>d </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs19d\">exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t climate ris<span class=\"_ _0\"></span>k to <span class=\"_ _1\"></span>em<span class=\"_ _0\"></span>erg<span class=\"_ _0\"></span>e acros<span class=\"_ _0\"></span>s our bus<span class=\"_ _0\"></span>ines<span class=\"_ _0\"></span>s mod<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>. The Gr<span class=\"_ _0\"></span>oup ris<span class=\"_ _0\"></span>k mitig<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n strateg<span class=\"_ _0\"></span>y inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>es set<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>folio ca<span class=\"_ _0\"></span>rb<span class=\"_ _0\"></span>on inten<span class=\"_ _0\"></span>sit<span class=\"_ _0\"></span>y targ<span class=\"_ _0\"></span>ets<span class=\"_ _0\"></span>, </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs19e\">integr<span class=\"_ _0\"></span>atin<span class=\"_ _0\"></span>g car<span class=\"_ _0\"></span>bon c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ols into the inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt pro<span class=\"_ _0\"></span>ces<span class=\"_ _0\"></span>ses thr<span class=\"_ _0\"></span>oug<span class=\"_ _0\"></span>h stock excl<span class=\"_ _0\"></span>usio<span class=\"_ _0\"></span>ns and hig<span class=\"_ _0\"></span>h car<span class=\"_ _0\"></span>bo<span class=\"_ _0\"></span>n escal<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n, co<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ate engag<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent an<span class=\"_ _0\"></span>d </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs19f\">impl<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ing hig<span class=\"_ _0\"></span>h ener<span class=\"_ _0\"></span>gy ef<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>icie<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>y stan<span class=\"_ _0\"></span>dards in<span class=\"_ _0\"></span>to the Group\u2019s dire<span class=\"_ _0\"></span>ctl<span class=\"_ _0\"></span>y owned c<span class=\"_ _0\"></span>omm<span class=\"_ _0\"></span>erc<span class=\"_ _0\"></span>ial pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y and ho<span class=\"_ _0\"></span>usin<span class=\"_ _0\"></span>g busin<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>es.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs1a0\">Th<span class=\"_ _0\"></span>e Group is co<span class=\"_ _0\"></span>mm<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ted to net zero, tar<span class=\"_ _0\"></span>geti<span class=\"_ _0\"></span>ng a 1<span class=\"_ _1\"></span>.5\u00b0C \u2018P<span class=\"_ _0\"></span>ari<span class=\"_ _0\"></span>s\u2019 outc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e. In orde<span class=\"_ _0\"></span>r to meet it<span class=\"_ _0\"></span>s enviro<span class=\"_ _0\"></span>nme<span class=\"_ _0\"></span>ntal g<span class=\"_ _0\"></span>oals<span class=\"_ _0\"></span>, the Gro<span class=\"_ _0\"></span>up has set for its<span class=\"_ _0\"></span>elf<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs1a1\">a<span class=\"_ gsec\"> </span>num<span class=\"_ _0\"></span>ber of met<span class=\"_ _0\"></span>ric<span class=\"_ _0\"></span>s and tar<span class=\"_ _0\"></span>gets<span class=\"_ _0\"></span>, cle<span class=\"_ _0\"></span>arl<span class=\"_ _0\"></span>y linked wi<span class=\"_ _0\"></span>th its busi<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>s strate<span class=\"_ _0\"></span>gy and ris<span class=\"_ _0\"></span>k mana<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ent c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>rols<span class=\"_ _0\"></span>. The<span class=\"_ _0\"></span>se are base<span class=\"_ _0\"></span>d on a three<span class=\"_ _3\"></span>-<span class=\"_ _0\"></span>pilla<span class=\"_ _0\"></span>r </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs1a2\">clim<span class=\"_ _0\"></span>ate<span class=\"_ gsec\"> </span>strateg<span class=\"_ _0\"></span>y enc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pas<span class=\"_ _0\"></span>sing \u2018<span class=\"_ _0\"></span>Invest<span class=\"_ _0\"></span>, Inf<span class=\"_ _0\"></span>lue<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e and Op<span class=\"_ _0\"></span>erate\u2019. Metri<span class=\"_ _0\"></span>cs and ta<span class=\"_ _0\"></span>rgets have be<span class=\"_ _0\"></span>en d<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>d aroun<span class=\"_ _0\"></span>d the Grou<span class=\"_ _0\"></span>p\u2019s oper<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>nal car<span class=\"_ _0\"></span>bo<span class=\"_ _0\"></span>n </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs1a3\">footpr<span class=\"_ _0\"></span>int<span class=\"_ _0\"></span>, invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t por<span class=\"_ _3\"></span>tfoli<span class=\"_ _0\"></span>o eco<span class=\"_ _0\"></span>no<span class=\"_ _0\"></span>mic c<span class=\"_ _0\"></span>arb<span class=\"_ _0\"></span>on inten<span class=\"_ _0\"></span>sit<span class=\"_ _0\"></span>y, and impli<span class=\"_ _0\"></span>ed po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>folio tem<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>rature ali<span class=\"_ _0\"></span>gnm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>ese are be<span class=\"_ _0\"></span>ing tar<span class=\"_ _0\"></span>geted th<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>gh the </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs1a4\">de<span class=\"_ _0\"></span>car<span class=\"_ _0\"></span>bo<span class=\"_ _0\"></span>nisat<span class=\"_ _0\"></span>ion of the Gro<span class=\"_ _0\"></span>up\u2019s balan<span class=\"_ _0\"></span>ce she<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>, invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts in clea<span class=\"_ _0\"></span>n ene<span class=\"_ _0\"></span>rgy an<span class=\"_ _0\"></span>d star<span class=\"_ _3\"></span>t-u<span class=\"_ _0\"></span>ps<span class=\"_ _0\"></span>, develo<span class=\"_ _0\"></span>pm<span class=\"_ _0\"></span>ent of clim<span class=\"_ _0\"></span>ate frie<span class=\"_ _0\"></span>ndly inve<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent pro<span class=\"_ _0\"></span>du<span class=\"_ _0\"></span>cts<span class=\"_ _0\"></span>, </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs1a5\">and foc<span class=\"_ _0\"></span>us on own ope<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>. The G<span class=\"_ _0\"></span>roup als<span class=\"_ _0\"></span>o cont<span class=\"_ _0\"></span>inue<span class=\"_ _0\"></span>s to leverag<span class=\"_ _0\"></span>e its infl<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span>nce as a larg<span class=\"_ _0\"></span>e investor to addres<span class=\"_ _0\"></span>s the fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>ciall<span class=\"_ _0\"></span>y materi<span class=\"_ _0\"></span>al issu<span class=\"_ _0\"></span>es </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs1a6\">of<span class=\"_ gsec\"> </span>clima<span class=\"_ _0\"></span>te chang<span class=\"_ _0\"></span>e and nature lo<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs1a7\">Sc<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ari<span class=\"_ _0\"></span>o analys<span class=\"_ _0\"></span>is is per<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>d to help und<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>stan<span class=\"_ _0\"></span>d the str<span class=\"_ _0\"></span>ategic im<span class=\"_ _0\"></span>pli<span class=\"_ _0\"></span>catio<span class=\"_ _0\"></span>ns of poss<span class=\"_ _0\"></span>ibl<span class=\"_ _0\"></span>e climate pathways<span class=\"_ _0\"></span>, incl<span class=\"_ _0\"></span>udin<span class=\"_ _0\"></span>g the key features of a </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs1a8\">tran<span class=\"_ _0\"></span>siti<span class=\"_ _0\"></span>on to a net zero eco<span class=\"_ _0\"></span>no<span class=\"_ _0\"></span>my<span class=\"_ _1\"></span>. Plausi<span class=\"_ _0\"></span>ble sc<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ari<span class=\"_ _0\"></span>os have bee<span class=\"_ _0\"></span>n devel<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>ed bas<span class=\"_ _0\"></span>ed on es<span class=\"_ _0\"></span>timati<span class=\"_ _0\"></span>ons of how the en<span class=\"_ _0\"></span>erg<span class=\"_ _0\"></span>y system may evo<span class=\"_ _0\"></span>lve over the </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs1a9\">nex<span class=\"_ _0\"></span>t 3<span class=\"_ _0\"></span>0 years<span class=\"_ _0\"></span>, usin<span class=\"_ _0\"></span>g the mos<span class=\"_ _0\"></span>t rec<span class=\"_ _0\"></span>ent ca<span class=\"_ _0\"></span>rb<span class=\"_ _0\"></span>on bu<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>ts from th<span class=\"_ _0\"></span>e Intergove<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>tal Pan<span class=\"_ _0\"></span>el on Cli<span class=\"_ _0\"></span>mate Chan<span class=\"_ _0\"></span>ge\u2019s Six<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h Ass<span class=\"_ _0\"></span>essm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t Repo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t (A<span class=\"_ _0\"></span>R6) and </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs1aa\">inc<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>rated latest dat<span class=\"_ _0\"></span>a on tech<span class=\"_ _0\"></span>nol<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>y cost<span class=\"_ _0\"></span>s. Th<span class=\"_ _0\"></span>ese in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>de t<span class=\"_ _0\"></span>wo diffe<span class=\"_ _0\"></span>rent pat<span class=\"_ _0\"></span>hways to <span class=\"_ _1\"></span>\u2018<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>low 2\u00b0C<span class=\"_ _0\"></span>\u2019, and a scen<span class=\"_ _0\"></span>ari<span class=\"_ _0\"></span>o assum<span class=\"_ _0\"></span>ing ac<span class=\"_ _0\"></span>hieve<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt of net </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs1ab\">zero. Give<span class=\"_ _0\"></span>n the Gro<span class=\"_ _0\"></span>up\u2019s long<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>m climate risk re<span class=\"_ _0\"></span>lates to transit<span class=\"_ _0\"></span>ion ris<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>, a four<span class=\"_ _0\"></span>th sc<span class=\"_ _0\"></span>ena<span class=\"_ _0\"></span>rio as<span class=\"_ _0\"></span>sumi<span class=\"_ _0\"></span>ng glo<span class=\"_ _0\"></span>bal failu<span class=\"_ _0\"></span>re to act on climate cha<span class=\"_ _0\"></span>nge an<span class=\"_ _0\"></span>d </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs1ac\">emis<span class=\"_ _0\"></span>sio<span class=\"_ _0\"></span>ns grow<span class=\"_ _0\"></span>th at histor<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>al rates has be<span class=\"_ _0\"></span>en mo<span class=\"_ _0\"></span>del<span class=\"_ _0\"></span>led<span class=\"_ _0\"></span>, bu<span class=\"_ _0\"></span>t the impa<span class=\"_ _0\"></span>cts have not be<span class=\"_ _0\"></span>en ap<span class=\"_ _0\"></span>plie<span class=\"_ _0\"></span>d to our por<span class=\"_ _3\"></span>tfoli<span class=\"_ _0\"></span>o. Su<span class=\"_ _0\"></span>ch imp<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>s are drive<span class=\"_ _0\"></span>n by </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs1ad\">physi<span class=\"_ _0\"></span>cal ris<span class=\"_ _0\"></span>ks whic<span class=\"_ _0\"></span>h tend to be highly lo<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>lise<span class=\"_ _0\"></span>d and mani<span class=\"_ _0\"></span>fest fur<span class=\"_ _3\"></span>ther in<span class=\"_ _0\"></span>to the futu<span class=\"_ _0\"></span>re and are the<span class=\"_ _0\"></span>refore mor<span class=\"_ _0\"></span>e unce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ain.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs1ae\">In prep<span class=\"_ _0\"></span>arin<span class=\"_ _0\"></span>g the co<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>lidated f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al statem<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span>, the Gr<span class=\"_ _0\"></span>oup has c<span class=\"_ _0\"></span>onsi<span class=\"_ _0\"></span>dere<span class=\"_ _0\"></span>d the im<span class=\"_ _0\"></span>pac<span class=\"_ _0\"></span>t of climate chan<span class=\"_ _0\"></span>ge, an<span class=\"_ _0\"></span>d in par<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>cul<span class=\"_ _0\"></span>ar the tra<span class=\"_ _0\"></span>nsit<span class=\"_ _0\"></span>ion to a </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs1af\">lower ca<span class=\"_ _0\"></span>rb<span class=\"_ _0\"></span>on ec<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>omy, on the valuati<span class=\"_ _0\"></span>on of the Gro<span class=\"_ _0\"></span>up\u2019s assets an<span class=\"_ _0\"></span>d liabili<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>. In the S<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ategic re<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>, with addi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal infor<span class=\"_ _0\"></span>matio<span class=\"_ _0\"></span>n in the Gro<span class=\"_ _0\"></span>up\u2019s </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs1b0\">Clim<span class=\"_ _0\"></span>ate and nature rep<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>t, we have set out in de<span class=\"_ _0\"></span>tail the var<span class=\"_ _0\"></span>iou<span class=\"_ _0\"></span>s risks an<span class=\"_ _0\"></span>d opp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>uni<span class=\"_ _0\"></span>ties that are c<span class=\"_ _0\"></span>reated by this tran<span class=\"_ _0\"></span>siti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>, and how the<span class=\"_ _0\"></span>y may impac<span class=\"_ _0\"></span>t </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs1b1\">the Gro<span class=\"_ _0\"></span>up acr<span class=\"_ _0\"></span>oss var<span class=\"_ _0\"></span>ious ti<span class=\"_ _0\"></span>me ho<span class=\"_ _0\"></span>rizons<span class=\"_ _0\"></span>. In line wi<span class=\"_ _0\"></span>th the rec<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>ndati<span class=\"_ _0\"></span>ons of the T<span class=\"_ _1\"></span>ask Force o<span class=\"_ _0\"></span>n Climate<span class=\"_ _0\"></span>-<span class=\"_ _3\"></span>related Fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial Dis<span class=\"_ _0\"></span>clo<span class=\"_ _0\"></span>sure<span class=\"_ _0\"></span>s, we have </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs1b2\">fur<span class=\"_ _3\"></span>ther de<span class=\"_ _0\"></span>sc<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>ed the res<span class=\"_ _0\"></span>ilie<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e of the Group\u2019s strate<span class=\"_ _0\"></span>gy, taking in<span class=\"_ _0\"></span>to consid<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n dif<span class=\"_ _0\"></span>ferent cl<span class=\"_ _0\"></span>imate<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>elated sc<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ario<span class=\"_ _0\"></span>s, as de<span class=\"_ _0\"></span>scr<span class=\"_ _0\"></span>ibe<span class=\"_ _0\"></span>d above<span class=\"_ _0\"></span>. The<span class=\"_ _0\"></span>re is </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs1b3\">no one si<span class=\"_ _0\"></span>ngle sc<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ari<span class=\"_ _0\"></span>o that und<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>pins th<span class=\"_ _0\"></span>e fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial statem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s. Th<span class=\"_ _0\"></span>e sce<span class=\"_ _0\"></span>nar<span class=\"_ _0\"></span>ios he<span class=\"_ _0\"></span>lp chal<span class=\"_ _0\"></span>len<span class=\"_ _0\"></span>ge the G<span class=\"_ _0\"></span>roup\u2019s per<span class=\"_ _0\"></span>sp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tives on th<span class=\"_ _0\"></span>e futu<span class=\"_ _0\"></span>re busi<span class=\"_ _0\"></span>ness an<span class=\"_ _0\"></span>d </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs1b4\">ec<span class=\"_ _0\"></span>ono<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>c enviro<span class=\"_ _0\"></span>nme<span class=\"_ _0\"></span>nt as a resul<span class=\"_ _0\"></span>t of the transi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n to <span class=\"_ _1\"></span>a lower ca<span class=\"_ _0\"></span>rb<span class=\"_ _0\"></span>on ec<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>omy, inclu<span class=\"_ _0\"></span>ding c<span class=\"_ _0\"></span>onsi<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of events that may be onl<span class=\"_ _0\"></span>y remotel<span class=\"_ _0\"></span>y </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs1b5\">pos<span class=\"_ _0\"></span>sibl<span class=\"_ _0\"></span>e. As a resul<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>, the sce<span class=\"_ _0\"></span>nar<span class=\"_ _0\"></span>ios cove<span class=\"_ _0\"></span>red are not in<span class=\"_ _0\"></span>tende<span class=\"_ _0\"></span>d to be predi<span class=\"_ _0\"></span>ctio<span class=\"_ _0\"></span>ns of likely fu<span class=\"_ _0\"></span>ture even<span class=\"_ _0\"></span>ts or outc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>es and are not th<span class=\"_ _0\"></span>e basis on whic<span class=\"_ _0\"></span>h </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs1b6\">the Gro<span class=\"_ _0\"></span>up\u2019s cons<span class=\"_ _0\"></span>olid<span class=\"_ _0\"></span>ated fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial sta<span class=\"_ _0\"></span>teme<span class=\"_ _0\"></span>nts have bee<span class=\"_ _0\"></span>n prep<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>d.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs1b7\">At the cur<span class=\"_ _0\"></span>rent tim<span class=\"_ _0\"></span>e, th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p does n<span class=\"_ _0\"></span>ot cons<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>r climate ris<span class=\"_ _0\"></span>k to <span class=\"_ _1\"></span>rep<span class=\"_ _0\"></span>rese<span class=\"_ _0\"></span>nt a signif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant are<span class=\"_ _0\"></span>a of judge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t or of estimat<span class=\"_ _0\"></span>ion un<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>int<span class=\"_ _0\"></span>y. As at </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs1b8\">31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>24, no mater<span class=\"_ _0\"></span>ial imp<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>s on the Gro<span class=\"_ _0\"></span>up\u2019s fina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al posi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n, no<span class=\"_ _0\"></span>r on the valu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of assets or liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es on the G<span class=\"_ _0\"></span>roup\u2019s Co<span class=\"_ _0\"></span>nsol<span class=\"_ _0\"></span>idated<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs1b9\">Bala<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e She<span class=\"_ _0\"></span>et as a resul<span class=\"_ _0\"></span>t of climate chan<span class=\"_ _0\"></span>ge ris<span class=\"_ _0\"></span>k have bee<span class=\"_ _0\"></span>n iden<span class=\"_ _0\"></span>tif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d. In arr<span class=\"_ _0\"></span>ivi<span class=\"_ _0\"></span>ng at this deter<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>natio<span class=\"_ _0\"></span>n, th<span class=\"_ _0\"></span>e Group ha<span class=\"_ _0\"></span>s in par<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>cula<span class=\"_ _0\"></span>r taken into </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs1ba\">acc<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nt the followi<span class=\"_ _0\"></span>ng areas of judg<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>, whic<span class=\"_ _0\"></span>h we consi<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r to <span class=\"_ _1\"></span>be th<span class=\"_ _0\"></span>ose mos<span class=\"_ _0\"></span>t exp<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>d to the potential imp<span class=\"_ _0\"></span>act of clim<span class=\"_ _0\"></span>ate chang<span class=\"_ _0\"></span>e in the </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs1bb\">prep<span class=\"_ _0\"></span>arati<span class=\"_ _0\"></span>on of the fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial st<span class=\"_ _0\"></span>ateme<span class=\"_ _0\"></span>nts:<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h15 ff1 fs5 fc2 sc0 ls18 ws0 gs1bc\">Goi<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g conc<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>n a<span class=\"_ _0\"></span>nd v<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>bi<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs1bd\">In prep<span class=\"_ _0\"></span>arin<span class=\"_ _0\"></span>g the co<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>lidated f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al statem<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span>, the di<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>tors are req<span class=\"_ _0\"></span>uire<span class=\"_ _0\"></span>d to assess the Gro<span class=\"_ _0\"></span>up\u2019s abili<span class=\"_ _0\"></span>ty to con<span class=\"_ _0\"></span>tinu<span class=\"_ _0\"></span>e as a going co<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>n, by </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs1be\">tak<span class=\"_ _0\"></span>ing into acc<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nt all availabl<span class=\"_ _0\"></span>e inform<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n related to at least 1<span class=\"_ _1\"></span>2 mont<span class=\"_ _0\"></span>hs from th<span class=\"_ _0\"></span>e date of <span class=\"_ _1\"></span>the<span class=\"_ _0\"></span>ir app<span class=\"_ _0\"></span>roval. Ad<span class=\"_ _0\"></span>diti<span class=\"_ _0\"></span>onal<span class=\"_ _0\"></span>ly, the prepar<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of the </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs1bf\">viab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y st<span class=\"_ _0\"></span>ateme<span class=\"_ _0\"></span>nt takes into con<span class=\"_ _0\"></span>side<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>on the Gro<span class=\"_ _0\"></span>up\u2019s overall bu<span class=\"_ _0\"></span>sine<span class=\"_ _0\"></span>ss mo<span class=\"_ _0\"></span>del an<span class=\"_ _0\"></span>d strateg<span class=\"_ _0\"></span>y, f<span class=\"_ _1\"></span>ore<span class=\"_ _0\"></span>cas<span class=\"_ _0\"></span>t fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>ial stre<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>th and resi<span class=\"_ _0\"></span>lien<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>, and the<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs1c0\">liqui<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>y prof<span class=\"_ _0\"></span>ile over th<span class=\"_ _0\"></span>e plan<span class=\"_ _0\"></span>ning ho<span class=\"_ _0\"></span>rizo<span class=\"_ _0\"></span>n. Clim<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>rel<span class=\"_ _0\"></span>ated mat<span class=\"_ _0\"></span>ters have be<span class=\"_ _0\"></span>en c<span class=\"_ _0\"></span>onsi<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>red as par<span class=\"_ _3\"></span>t of <span class=\"_ _1\"></span>the<span class=\"_ _0\"></span>se asse<span class=\"_ _0\"></span>ssm<span class=\"_ _0\"></span>ents an<span class=\"_ _0\"></span>d have not bee<span class=\"_ _0\"></span>n de<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>d </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs1c1\">to create material un<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tai<span class=\"_ _0\"></span>ntie<span class=\"_ _0\"></span>s as to <span class=\"_ _1\"></span>the<span class=\"_ _0\"></span>ir con<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>sio<span class=\"_ _0\"></span>ns or to require sp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ic disc<span class=\"_ _0\"></span>losu<span class=\"_ _0\"></span>re.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h15 ff1 fs5 fc2 sc0 ls18 ws0 gs1c3\">V<span class=\"_ _1\"></span>aluat<span class=\"_ _0\"></span>ion of L<span class=\"_ _0\"></span>evel <span class=\"ls1\">3</span> f<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>l i<span class=\"_ _0\"></span>nves<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ments a<span class=\"_ _0\"></span>nd i<span class=\"_ _0\"></span>nve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ment pro<span class=\"_ _0\"></span>per<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs1c4\">Th<span class=\"_ _0\"></span>e valuati<span class=\"_ _0\"></span>on of unqu<span class=\"_ _0\"></span>oted illiqu<span class=\"_ _0\"></span>id asset<span class=\"_ _0\"></span>s and invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ty has b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n sepa<span class=\"_ _0\"></span>rately id<span class=\"_ _0\"></span>enti<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ed as an area of signif<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>can<span class=\"_ _0\"></span>t estim<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n unce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>aint<span class=\"_ _0\"></span>y. </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs1c5\">Th<span class=\"_ _0\"></span>e assum<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>ns use<span class=\"_ _0\"></span>d in the mod<span class=\"_ _0\"></span>els un<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>pin<span class=\"_ _0\"></span>nin<span class=\"_ _0\"></span>g these as<span class=\"_ _0\"></span>sets\u2019 val<span class=\"_ _0\"></span>uatio<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>, suc<span class=\"_ _0\"></span>h as cash fl<span class=\"_ _0\"></span>ows forec<span class=\"_ _0\"></span>asts<span class=\"_ _0\"></span>, disc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t rates, and m<span class=\"_ _0\"></span>ulti<span class=\"_ _0\"></span>ples<span class=\"_ _0\"></span>, are of<span class=\"_ _0\"></span>ten </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs1c6\">uno<span class=\"_ _0\"></span>bse<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vab<span class=\"_ _0\"></span>le. Du<span class=\"_ _0\"></span>e to the nee<span class=\"_ _0\"></span>d to apply sign<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ica<span class=\"_ _0\"></span>nt judg<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s, the<span class=\"_ _0\"></span>se assu<span class=\"_ _0\"></span>mpti<span class=\"_ _0\"></span>ons ca<span class=\"_ _0\"></span>n be impa<span class=\"_ _0\"></span>cted by tran<span class=\"_ _0\"></span>siti<span class=\"_ _0\"></span>on ris<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>, with cli<span class=\"_ _0\"></span>mate related inp<span class=\"_ _0\"></span>uts<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs1c7\">gaini<span class=\"_ _0\"></span>ng mo<span class=\"_ _0\"></span>re trac<span class=\"_ _0\"></span>tion (e.g. co<span class=\"_ _0\"></span>nst<span class=\"_ _0\"></span>ruc<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n meth<span class=\"_ _0\"></span>ods an<span class=\"_ _0\"></span>d materi<span class=\"_ _0\"></span>als, E<span class=\"_ _0\"></span>PC ra<span class=\"_ _0\"></span>tings<span class=\"_ _0\"></span>, ES<span class=\"_ _0\"></span>G cre<span class=\"_ _0\"></span>den<span class=\"_ _0\"></span>tials an<span class=\"_ _0\"></span>d climate resili<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ce). This is par<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>cula<span class=\"_ _0\"></span>rly re<span class=\"_ _0\"></span>levan<span class=\"_ _0\"></span>t </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs1c8\">for the Gro<span class=\"_ _0\"></span>up\u2019s direc<span class=\"_ _0\"></span>t investm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s por<span class=\"_ _3\"></span>tfoli<span class=\"_ _0\"></span>o, inc<span class=\"_ _0\"></span>ludi<span class=\"_ _0\"></span>ng alter<span class=\"_ _0\"></span>nati<span class=\"_ _0\"></span>ve assets<span class=\"_ _0\"></span>. Wh<span class=\"_ _0\"></span>ere po<span class=\"_ _0\"></span>ssib<span class=\"_ _0\"></span>le, th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p\u2019s assets are valu<span class=\"_ _0\"></span>ed usin<span class=\"_ _0\"></span>g stan<span class=\"_ _0\"></span>dard ma<span class=\"_ _0\"></span>rket </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs1c9\">pri<span class=\"_ _0\"></span>cin<span class=\"_ _0\"></span>g sourc<span class=\"_ _0\"></span>es or ap<span class=\"_ _0\"></span>prop<span class=\"_ _0\"></span>riate<span class=\"_ _0\"></span>ly quali<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ed ex<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>nal valu<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s, an<span class=\"_ _0\"></span>d therefo<span class=\"_ _0\"></span>re refle<span class=\"_ _0\"></span>ct c<span class=\"_ _0\"></span>urre<span class=\"_ _0\"></span>nt mar<span class=\"_ _0\"></span>ket senti<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts arou<span class=\"_ _0\"></span>nd clim<span class=\"_ _0\"></span>ate risk<span class=\"_ _0\"></span>. In this resp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs1ca\">mar<span class=\"_ _0\"></span>ket and investor ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ctat<span class=\"_ _0\"></span>ions have also b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n evolv<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>, with gre<span class=\"_ _0\"></span>ater dem<span class=\"_ _0\"></span>and towards ne<span class=\"_ _0\"></span>t zero<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>alig<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>d assets<span class=\"_ _0\"></span>, and away from tra<span class=\"_ _0\"></span>diti<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>l </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs1cb\">car<span class=\"_ _0\"></span>bo<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>inten<span class=\"_ _0\"></span>sive me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>ds, im<span class=\"_ _0\"></span>pac<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g expe<span class=\"_ _0\"></span>cted inves<span class=\"_ _0\"></span>tor retur<span class=\"_ _0\"></span>ns and th<span class=\"_ _0\"></span>erefore dis<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>unt rates and mu<span class=\"_ _0\"></span>lti<span class=\"_ _0\"></span>ples<span class=\"_ _0\"></span>. E<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>osu<span class=\"_ _0\"></span>re to the risks of climate </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs1cc\">cha<span class=\"_ _0\"></span>nge is mini<span class=\"_ _0\"></span>mise<span class=\"_ _0\"></span>d throu<span class=\"_ _0\"></span>gh rig<span class=\"_ _0\"></span>oro<span class=\"_ _0\"></span>us asse<span class=\"_ _0\"></span>ssm<span class=\"_ _0\"></span>ent of potent<span class=\"_ _0\"></span>ial invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts and ac<span class=\"_ _0\"></span>tive mo<span class=\"_ _0\"></span>nitor<span class=\"_ _0\"></span>ing of the ca<span class=\"_ _0\"></span>rb<span class=\"_ _0\"></span>on intens<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y of the cur<span class=\"_ _0\"></span>rent p<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>tfolio<span class=\"_ _0\"></span>. </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs1cd\">Addi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nall<span class=\"_ _0\"></span>y, <span class=\"_ _1\"></span>invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ties are bei<span class=\"_ _0\"></span>ng revi<span class=\"_ _0\"></span>ewed by ind<span class=\"_ _0\"></span>epe<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>ent thi<span class=\"_ _0\"></span>rd par<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, where ap<span class=\"_ _0\"></span>plic<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le, wi<span class=\"_ _0\"></span>th rega<span class=\"_ _0\"></span>rds to potential retr<span class=\"_ _0\"></span>ofi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ting<span class=\"_ _0\"></span>, to help </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs1ce\">redu<span class=\"_ _0\"></span>ce c<span class=\"_ _0\"></span>arb<span class=\"_ _0\"></span>on em<span class=\"_ _0\"></span>issi<span class=\"_ _0\"></span>ons and ma<span class=\"_ _0\"></span>ke them mo<span class=\"_ _0\"></span>re eff<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>cie<span class=\"_ _0\"></span>nt and sus<span class=\"_ _0\"></span>tain<span class=\"_ _0\"></span>able for th<span class=\"_ _0\"></span>e futu<span class=\"_ _0\"></span>re. </div><div class=\"t m0 h15 ff1 fs5 fc2 sc0 ls18 ws0 gs1cf\">As<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t i<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ment a<span class=\"_ _0\"></span>nd re<span class=\"_ _0\"></span>sidua<span class=\"_ _0\"></span>l e<span class=\"_ _0\"></span>conom<span class=\"_ _0\"></span>ic l<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>fe<span class=\"_ _3b2\"> </span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs1d0\">Th<span class=\"_ _0\"></span>e car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>yi<span class=\"_ _0\"></span>ng valu<span class=\"_ _0\"></span>e of goodw<span class=\"_ _0\"></span>ill, int<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>ible an<span class=\"_ _0\"></span>d cer<span class=\"_ _3\"></span>tain tan<span class=\"_ _0\"></span>gibl<span class=\"_ _0\"></span>e asse<span class=\"_ _0\"></span>ts on the Co<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>lidate<span class=\"_ _0\"></span>d Balan<span class=\"_ _0\"></span>ce S<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>et whic<span class=\"_ _0\"></span>h are subj<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t to impair<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs1d1\">testin<span class=\"_ _0\"></span>g<span class=\"_ gsec\"> </span>cou<span class=\"_ _0\"></span>ld be af<span class=\"_ _0\"></span>fecte<span class=\"_ _0\"></span>d by climate chan<span class=\"_ _0\"></span>ge ris<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>. For examp<span class=\"_ _0\"></span>le, inve<span class=\"_ _0\"></span>ntor<span class=\"_ _0\"></span>y may be<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ome o<span class=\"_ _0\"></span>bsol<span class=\"_ _0\"></span>ete or rest<span class=\"_ _0\"></span>ric<span class=\"_ _0\"></span>ted, c<span class=\"_ _0\"></span>ausin<span class=\"_ _0\"></span>g selli<span class=\"_ _0\"></span>ng pri<span class=\"_ _0\"></span>ces to de<span class=\"_ _0\"></span>clin<span class=\"_ _0\"></span>e </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs1d2\">or<span class=\"_ gsec\"> </span>th<span class=\"_ _0\"></span>eir co<span class=\"_ _0\"></span>sts of com<span class=\"_ _0\"></span>ple<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n to <span class=\"_ _1\"></span>inc<span class=\"_ _0\"></span>reas<span class=\"_ _0\"></span>e. If, as a result, th<span class=\"_ _0\"></span>e cos<span class=\"_ _0\"></span>t of inventorie<span class=\"_ _0\"></span>s is not recove<span class=\"_ _0\"></span>rab<span class=\"_ _0\"></span>le, th<span class=\"_ _0\"></span>ey would ne<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d to be writ<span class=\"_ _0\"></span>ten down to their<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs1d3\">net<span class=\"_ gsec\"> </span>re<span class=\"_ _0\"></span>alisa<span class=\"_ _0\"></span>ble valu<span class=\"_ _0\"></span>e. </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs1d4\">Prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ty, plant and e<span class=\"_ _0\"></span>quip<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>, right-<span class=\"_ _3\"></span>of-u<span class=\"_ _0\"></span>se asse<span class=\"_ _0\"></span>ts, go<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>will and int<span class=\"_ _0\"></span>angi<span class=\"_ _0\"></span>ble as<span class=\"_ _0\"></span>sets may se<span class=\"_ _0\"></span>e thei<span class=\"_ _0\"></span>r recove<span class=\"_ _0\"></span>rab<span class=\"_ _0\"></span>le amo<span class=\"_ _0\"></span>unt de<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>rease in lig<span class=\"_ _0\"></span>ht of climate </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs1d5\">cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>, and sign<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ica<span class=\"_ _0\"></span>nt chan<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>s in the enviro<span class=\"_ _0\"></span>nm<span class=\"_ _0\"></span>ent (in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>g for exampl<span class=\"_ _0\"></span>e chan<span class=\"_ _0\"></span>ges in re<span class=\"_ _0\"></span>gulati<span class=\"_ _0\"></span>on) in which the G<span class=\"_ _0\"></span>roup o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>ates, wh<span class=\"_ _0\"></span>ere adve<span class=\"_ _0\"></span>rse<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs1d6\">ef<span class=\"_ _0\"></span>fects c<span class=\"_ _0\"></span>an repre<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>t an indic<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of impair<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>. The es<span class=\"_ _0\"></span>timat<span class=\"_ _0\"></span>ion of rec<span class=\"_ _0\"></span>overa<span class=\"_ _0\"></span>ble am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t as \u2018valu<span class=\"_ _0\"></span>e in use\u2019 req<span class=\"_ _0\"></span>uires an ass<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt of future<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs1d7\">exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted cash f<span class=\"_ _0\"></span>lows base<span class=\"_ _0\"></span>d on assu<span class=\"_ _0\"></span>mpti<span class=\"_ _0\"></span>ons poten<span class=\"_ _0\"></span>tiall<span class=\"_ _0\"></span>y affec<span class=\"_ _0\"></span>ted by climate rela<span class=\"_ _0\"></span>ted mat<span class=\"_ _0\"></span>ters<span class=\"_ _0\"></span>, par<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>icu<span class=\"_ _0\"></span>larl<span class=\"_ _0\"></span>y for goo<span class=\"_ _0\"></span>dwill an<span class=\"_ _0\"></span>d intan<span class=\"_ _0\"></span>gibl<span class=\"_ _0\"></span>e asse<span class=\"_ _0\"></span>ts,<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs1d8\">whic<span class=\"_ _0\"></span>h<span class=\"_ gsec\"> </span>are subj<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t to a <span class=\"_ _1\"></span>high<span class=\"_ _0\"></span>er de<span class=\"_ _0\"></span>gre<span class=\"_ _0\"></span>e of judge<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt. W<span class=\"_ _0\"></span>here as<span class=\"_ _0\"></span>sets are su<span class=\"_ _0\"></span>bje<span class=\"_ _0\"></span>ct to amor<span class=\"_ _3\"></span>tisatio<span class=\"_ _0\"></span>n or dep<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>iatio<span class=\"_ _0\"></span>n, c<span class=\"_ _0\"></span>onsi<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>ratio<span class=\"_ _0\"></span>n nee<span class=\"_ _0\"></span>ds to be given<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs1d9\">to<span class=\"_ gsec\"> </span>wheth<span class=\"_ _0\"></span>er cli<span class=\"_ _0\"></span>mate risk sug<span class=\"_ _0\"></span>ges<span class=\"_ _0\"></span>ts that the res<span class=\"_ _0\"></span>idu<span class=\"_ _0\"></span>al eco<span class=\"_ _0\"></span>no<span class=\"_ _0\"></span>mic life is sho<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ter tha<span class=\"_ _0\"></span>n antici<span class=\"_ _0\"></span>pated<span class=\"_ _0\"></span>, whic<span class=\"_ _0\"></span>h would give ri<span class=\"_ _0\"></span>se to increas<span class=\"_ _0\"></span>ed ch<span class=\"_ _0\"></span>arge<span class=\"_ _0\"></span>s in the </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs1da\">inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e statem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>. Due to the natur<span class=\"_ _0\"></span>e of the Group\u2019s asset<span class=\"_ _0\"></span>s, we do not antic<span class=\"_ _0\"></span>ipate any materi<span class=\"_ _0\"></span>al addi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts or inc<span class=\"_ _0\"></span>rease<span class=\"_ _0\"></span>d amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs1db\">and<span class=\"_ gsec\"> </span>d<span class=\"_ _0\"></span>epre<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>ation c<span class=\"_ _0\"></span>harg<span class=\"_ _0\"></span>es to arise from cl<span class=\"_ _0\"></span>imate cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>. Risks will co<span class=\"_ _0\"></span>ntin<span class=\"_ _0\"></span>ue to be moni<span class=\"_ _0\"></span>tored ag<span class=\"_ _0\"></span>ains<span class=\"_ _0\"></span>t judg<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ents an<span class=\"_ _0\"></span>d estim<span class=\"_ _0\"></span>ates used in th<span class=\"_ _0\"></span>e </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs1dc\">asse<span class=\"_ _0\"></span>ssm<span class=\"_ _0\"></span>ent of impa<span class=\"_ _0\"></span>irm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>. </div><div class=\"t m0 h15 ff1 fs5 fc2 sc0 ls18 ws0 gs1dd\">In<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nce cont<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t l<span class=\"_ _0\"></span>iabi<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs1de\">Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p\u2019s insur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts a<span class=\"_ _0\"></span>re value<span class=\"_ _0\"></span>d usi<span class=\"_ _0\"></span>ng dis<span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>nt rates d<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>ved f<span class=\"_ _0\"></span>rom th<span class=\"_ _0\"></span>e bac<span class=\"_ _0\"></span>ki<span class=\"_ _0\"></span>ng ass<span class=\"_ _0\"></span>et po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>foli<span class=\"_ _0\"></span>os wit<span class=\"_ _0\"></span>h de<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns mad<span class=\"_ _0\"></span>e to remove </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs1df\">risks<span class=\"_ gsec\"> </span>t<span class=\"_ _0\"></span>hat are pres<span class=\"_ _0\"></span>ent in the as<span class=\"_ _0\"></span>sets bu<span class=\"_ _0\"></span>t are not rele<span class=\"_ _0\"></span>vant to the insu<span class=\"_ _0\"></span>ranc<span class=\"_ _0\"></span>e liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y. Climate<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>lated ris<span class=\"_ _0\"></span>ks cou<span class=\"_ _0\"></span>ld impa<span class=\"_ _0\"></span>ct on th<span class=\"_ _0\"></span>e Group<span class=\"_ _0\"></span>\u2019s exposur<span class=\"_ _0\"></span>e </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs1e0\">to<span class=\"_ gsec\"> </span>futu<span class=\"_ _0\"></span>re credi<span class=\"_ _0\"></span>t los<span class=\"_ _0\"></span>ses whi<span class=\"_ _0\"></span>ch would im<span class=\"_ _0\"></span>pac<span class=\"_ _0\"></span>t on the ap<span class=\"_ _0\"></span>prop<span class=\"_ _0\"></span>ria<span class=\"_ _0\"></span>te yield de<span class=\"_ _0\"></span>du<span class=\"_ _0\"></span>ctio<span class=\"_ _0\"></span>ns in the dis<span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>nt rate calc<span class=\"_ _0\"></span>ulati<span class=\"_ _0\"></span>on and th<span class=\"_ _0\"></span>erefore th<span class=\"_ _0\"></span>e insur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls91 ws57 gs1e1\">contrac<span class=\"_ _0\"></span>t valuations.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h15 ff1 fs5 fc2 sc0 ls18 ws0 gs1e2\">Pr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>ision<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>nd cont<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ngent l<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>bi<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ies<span class=\"_ _3b2\"> </span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs1e3\">Th<span class=\"_ _0\"></span>e reco<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n, me<span class=\"_ _0\"></span>asure<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt and dis<span class=\"_ _0\"></span>clo<span class=\"_ _0\"></span>sure of provisi<span class=\"_ _0\"></span>ons an<span class=\"_ _0\"></span>d cont<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>ent lia<span class=\"_ _0\"></span>bilit<span class=\"_ _0\"></span>ies is subj<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t to setti<span class=\"_ _0\"></span>ng assu<span class=\"_ _0\"></span>mpti<span class=\"_ _0\"></span>ons aro<span class=\"_ _0\"></span>und fu<span class=\"_ _0\"></span>ture eve<span class=\"_ _0\"></span>nts and </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs1e4\">the pro<span class=\"_ _0\"></span>bab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y of thei<span class=\"_ _0\"></span>r occ<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>e. Cli<span class=\"_ _0\"></span>mate<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>lated mat<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>s cou<span class=\"_ _0\"></span>ld affe<span class=\"_ _0\"></span>ct the<span class=\"_ _0\"></span>se ele<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts<span class=\"_ _0\"></span>, for exampl<span class=\"_ _0\"></span>e by requir<span class=\"_ _0\"></span>ing re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>tion o<span class=\"_ _0\"></span>r disclo<span class=\"_ _0\"></span>sure of a </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 lsd ws7f gs1e5\">leg<span class=\"_ _0\"></span>al oblig<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n (<span class=\"_ _1\"></span>e.g. levi<span class=\"_ _0\"></span>es impo<span class=\"_ _0\"></span>sed for failing cli<span class=\"_ _0\"></span>mate related target<span class=\"_ _0\"></span>s) <span class=\"_ _1\"></span>or of <span class=\"_ _1\"></span>a cons<span class=\"_ _0\"></span>tru<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ve obligat<span class=\"_ _0\"></span>ion (e.g. require<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts to <span class=\"_ _1\"></span>rem<span class=\"_ _0\"></span>edia<span class=\"_ _0\"></span>te <span class=\"_ _1\"></span>envi<span class=\"_ _0\"></span>ron<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>tal<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs1e6\">dama<span class=\"_ _0\"></span>ge cau<span class=\"_ _0\"></span>sed by the G<span class=\"_ _0\"></span>roup\u2019s ope<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>ons an<span class=\"_ _0\"></span>d investm<span class=\"_ _0\"></span>ent p<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>foli<span class=\"_ _0\"></span>os). </div><div class=\"t m0 h15 ff1 fs5 fc2 sc0 ls38 ws3b gs1e7\">Def<span class=\"_ _1\"></span>erred tax asse<span class=\"_ _1\"></span>ts<span class=\"_ _3b2\"> </span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs1e8\">Defer<span class=\"_ _0\"></span>red ta<span class=\"_ _0\"></span>x asse<span class=\"_ _0\"></span>ts are rec<span class=\"_ _0\"></span>ogni<span class=\"_ _0\"></span>sed for de<span class=\"_ _0\"></span>du<span class=\"_ _0\"></span>ctib<span class=\"_ _0\"></span>le temp<span class=\"_ _0\"></span>ora<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>es and un<span class=\"_ _0\"></span>use<span class=\"_ _0\"></span>d tax los<span class=\"_ _0\"></span>ses an<span class=\"_ _0\"></span>d credi<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>, to the exten<span class=\"_ _0\"></span>t it is proba<span class=\"_ _0\"></span>ble that fu<span class=\"_ _0\"></span>tur<span class=\"_ _0\"></span>e </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs1e9\">taxa<span class=\"_ _0\"></span>ble prof<span class=\"_ _0\"></span>it wil<span class=\"_ _0\"></span>l be availabl<span class=\"_ _0\"></span>e, aga<span class=\"_ _0\"></span>inst whi<span class=\"_ _0\"></span>ch th<span class=\"_ _0\"></span>ose am<span class=\"_ _0\"></span>ount<span class=\"_ _0\"></span>s can be ut<span class=\"_ _0\"></span>ilise<span class=\"_ _0\"></span>d. Cli<span class=\"_ _0\"></span>mate<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>lated mat<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>s coul<span class=\"_ _0\"></span>d affec<span class=\"_ _0\"></span>t the Gro<span class=\"_ _0\"></span>up\u2019s estim<span class=\"_ _0\"></span>ate of <span class=\"_ _1\"></span>fu<span class=\"_ _0\"></span>ture </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs1ea\">taxa<span class=\"_ _0\"></span>ble prof<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>s, and th<span class=\"_ _0\"></span>erefo<span class=\"_ _0\"></span>re it may be requ<span class=\"_ _0\"></span>ired to dere<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>e deferr<span class=\"_ _0\"></span>ed tax as<span class=\"_ _0\"></span>sets pre<span class=\"_ _0\"></span>vio<span class=\"_ _0\"></span>usly o<span class=\"_ _0\"></span>n the bala<span class=\"_ _0\"></span>nce sh<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h15 ff1 fs5 fc2 sc0 lsac ws8 gs1eb\">Share<span class=\"_ _0\"></span>-based payments<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs1ec\">Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p\u2019s per<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rma<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e share p<span class=\"_ _0\"></span>lans p<span class=\"_ _0\"></span>rovid<span class=\"_ _0\"></span>e a dire<span class=\"_ _0\"></span>ct an<span class=\"_ _0\"></span>d tra<span class=\"_ _0\"></span>nspa<span class=\"_ _0\"></span>rent li<span class=\"_ _0\"></span>nk b<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n execu<span class=\"_ _0\"></span>tive p<span class=\"_ _0\"></span>ay and th<span class=\"_ _0\"></span>e de<span class=\"_ _0\"></span>liver<span class=\"_ _3\"></span>y of share<span class=\"_ _0\"></span>hol<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r retur<span class=\"_ _0\"></span>ns over t<span class=\"_ _0\"></span>he </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs1ed\">lon<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>r-ter<span class=\"_ _0\"></span>m. Th<span class=\"_ _0\"></span>ey are a con<span class=\"_ _0\"></span>diti<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>l award of shares subj<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t to <span class=\"_ _1\"></span>a per<span class=\"_ _3\"></span>forma<span class=\"_ _0\"></span>nce p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>od of at least th<span class=\"_ _0\"></span>ree yea<span class=\"_ _0\"></span>rs. Pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>man<span class=\"_ _0\"></span>ce me<span class=\"_ _0\"></span>tri<span class=\"_ _0\"></span>cs for the Gr<span class=\"_ _0\"></span>oup\u2019s </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs1ee\">share pl<span class=\"_ _0\"></span>ans are now cle<span class=\"_ _0\"></span>arl<span class=\"_ _0\"></span>y linked to ES<span class=\"_ _0\"></span>G metr<span class=\"_ _0\"></span>ics<span class=\"_ _0\"></span>. As su<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>, the ef<span class=\"_ _0\"></span>fect<span class=\"_ _0\"></span>s of climate chan<span class=\"_ _0\"></span>ge co<span class=\"_ _0\"></span>uld have an impa<span class=\"_ _0\"></span>ct on am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t and timin<span class=\"_ _0\"></span>g, re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs1ef\">and me<span class=\"_ _0\"></span>asure<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt of amou<span class=\"_ _0\"></span>nts in the Gro<span class=\"_ _0\"></span>up\u2019s inco<span class=\"_ _0\"></span>me st<span class=\"_ _0\"></span>ateme<span class=\"_ _0\"></span>nt and state<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt of comp<span class=\"_ _0\"></span>reh<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>ve inc<span class=\"_ _0\"></span>ome<span class=\"_ _0\"></span>. </div><div class=\"t m0 h15 ff1 fs5 fc2 sc0 lsb wse gs1f0\">Fin<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l i<span class=\"_ _0\"></span>nst<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ments<span class=\"_ _3b2\"> </span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs1f1\">E<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted cre<span class=\"_ _0\"></span>dit los<span class=\"_ _0\"></span>ses are re<span class=\"_ _0\"></span>quire<span class=\"_ _0\"></span>d to be reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed on re<span class=\"_ _0\"></span>cei<span class=\"_ _0\"></span>vabl<span class=\"_ _0\"></span>es and c<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ain f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span>, repr<span class=\"_ _0\"></span>ese<span class=\"_ _0\"></span>nting th<span class=\"_ _0\"></span>e cou<span class=\"_ _0\"></span>nterp<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>\u2019s </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs1f2\">prob<span class=\"_ _0\"></span>abili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ gsec\"> </span>of defaul<span class=\"_ _0\"></span>t over a cer<span class=\"_ _3\"></span>tain time ho<span class=\"_ _0\"></span>rizo<span class=\"_ _0\"></span>n. Clim<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>rel<span class=\"_ _0\"></span>ated mat<span class=\"_ _0\"></span>ters may af<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t the Grou<span class=\"_ _0\"></span>p\u2019s exposu<span class=\"_ _0\"></span>re to these los<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>, for exampl<span class=\"_ _0\"></span>e </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs1f3\">by<span class=\"_ gsec\"> </span>neg<span class=\"_ _0\"></span>ative<span class=\"_ _0\"></span>ly affe<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ng the bo<span class=\"_ _0\"></span>rrowe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>\u2019s abilit<span class=\"_ _0\"></span>y to mee<span class=\"_ _0\"></span>t thei<span class=\"_ _0\"></span>r oblig<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns, o<span class=\"_ _0\"></span>r by affect<span class=\"_ _0\"></span>ing assu<span class=\"_ _0\"></span>mpti<span class=\"_ _0\"></span>ons us<span class=\"_ _0\"></span>ed in the mo<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>ls ado<span class=\"_ _0\"></span>pted to estimate </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs1f4\">exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted cred<span class=\"_ _0\"></span>it los<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h21 ff1 fs10 fc2 sc0 ls77 ws0 gs1f6\">(<span class=\"_ _1\"></span>v<span class=\"_ _0\"></span>ii<span class=\"_ _0\"></span>i) <span class=\"_ _23\"> </span>Mater<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l accou<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>ng p<span class=\"_ _0\"></span>olicie<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h15 ff1 fs5 fc2 sc0 ls18 ws0 gs1f7\">Con<span class=\"_ _0\"></span>sol<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>ation pr<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>iples<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h58 ff9 fs5 fc2 sc0 ls1 ws16 gs1f8\">Subsidiar<span class=\"_ _0\"></span>y under<span class=\"_ _0\"></span>takings </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs1f9\">Th<span class=\"_ _0\"></span>e cons<span class=\"_ _0\"></span>olid<span class=\"_ _0\"></span>ated fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial st<span class=\"_ _0\"></span>ateme<span class=\"_ _0\"></span>nts inc<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>rate the asse<span class=\"_ _0\"></span>ts, lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>, equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y, inco<span class=\"_ _0\"></span>me, ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nses an<span class=\"_ _0\"></span>d cash f<span class=\"_ _0\"></span>lows of the com<span class=\"_ _0\"></span>pany an<span class=\"_ _0\"></span>d of its </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs1fa\">subsi<span class=\"_ _0\"></span>diar<span class=\"_ _3\"></span>y unde<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>kin<span class=\"_ _0\"></span>gs drawn up to 31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r each yea<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>. All intr<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>gro<span class=\"_ _0\"></span>up bala<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>es, tr<span class=\"_ _0\"></span>ansa<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>, inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e and exp<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>es are elim<span class=\"_ _0\"></span>inated in ful<span class=\"_ _0\"></span>l. </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs1fb\">Su<span class=\"_ _0\"></span>bsidi<span class=\"_ _0\"></span>arie<span class=\"_ _0\"></span>s are thos<span class=\"_ _0\"></span>e entit<span class=\"_ _0\"></span>ies (in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>ding sp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>cial pu<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>ose ent<span class=\"_ _0\"></span>itie<span class=\"_ _0\"></span>s, mu<span class=\"_ _0\"></span>tual fu<span class=\"_ _0\"></span>nds an<span class=\"_ _0\"></span>d unit tr<span class=\"_ _0\"></span>usts) over whic<span class=\"_ _0\"></span>h the Grou<span class=\"_ _0\"></span>p dire<span class=\"_ _0\"></span>ctly o<span class=\"_ _0\"></span>r indire<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ly has </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs1fc\">con<span class=\"_ _0\"></span>trol (i<span class=\"_ _0\"></span>.e. whe<span class=\"_ _0\"></span>n the Grou<span class=\"_ _0\"></span>p is expo<span class=\"_ _0\"></span>sed<span class=\"_ _0\"></span>, or has rig<span class=\"_ _0\"></span>hts<span class=\"_ _0\"></span>, to variabl<span class=\"_ _0\"></span>e retur<span class=\"_ _0\"></span>ns from it<span class=\"_ _0\"></span>s involve<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t with the inves<span class=\"_ _0\"></span>tee and has th<span class=\"_ _0\"></span>e abili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y to a<span class=\"_ _1\"></span>f<span class=\"_ _0\"></span>fect th<span class=\"_ _0\"></span>ose </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs1fd\">retur<span class=\"_ _0\"></span>ns thro<span class=\"_ _0\"></span>ugh i<span class=\"_ _0\"></span>ts power over the inve<span class=\"_ _0\"></span>stee) (Note 4<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>). </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs1fe\">Busi<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>s com<span class=\"_ _0\"></span>bina<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s are acc<span class=\"_ _0\"></span>ounte<span class=\"_ _0\"></span>d for by apply<span class=\"_ _0\"></span>ing the ac<span class=\"_ _0\"></span>quis<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>n met<span class=\"_ _0\"></span>hod of acc<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>ntin<span class=\"_ _0\"></span>g, whi<span class=\"_ _0\"></span>ch req<span class=\"_ _0\"></span>uires th<span class=\"_ _0\"></span>e Group to rec<span class=\"_ _0\"></span>ord th<span class=\"_ _0\"></span>e ident<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>iabl<span class=\"_ _0\"></span>e </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs1ff\">asse<span class=\"_ _0\"></span>ts and liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es of the acqu<span class=\"_ _0\"></span>ired bu<span class=\"_ _0\"></span>sin<span class=\"_ _0\"></span>ess at fair valu<span class=\"_ _0\"></span>e on the date of acquisi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n. T<span class=\"_ _0\"></span>he exces<span class=\"_ _0\"></span>s of the fair value of acqu<span class=\"_ _0\"></span>isiti<span class=\"_ _0\"></span>on co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ation<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs200\">over<span class=\"_ gsec\"> </span>th<span class=\"_ _0\"></span>e reco<span class=\"_ _0\"></span>rde<span class=\"_ _0\"></span>d value of the ass<span class=\"_ _0\"></span>ets and lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ties of the ac<span class=\"_ _0\"></span>quire<span class=\"_ _0\"></span>d enti<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y is reco<span class=\"_ _0\"></span>rde<span class=\"_ _0\"></span>d on the sta<span class=\"_ _0\"></span>teme<span class=\"_ _0\"></span>nt of fina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l posi<span class=\"_ _0\"></span>tion as go<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>will. Pr<span class=\"_ _0\"></span>ofi<span class=\"_ _0\"></span>ts </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs201\">or<span class=\"_ gsec\"> </span>lo<span class=\"_ _0\"></span>sses of subs<span class=\"_ _0\"></span>idia<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y und<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>taki<span class=\"_ _0\"></span>ngs sol<span class=\"_ _0\"></span>d or acq<span class=\"_ _0\"></span>uire<span class=\"_ _0\"></span>d duri<span class=\"_ _0\"></span>ng the yea<span class=\"_ _0\"></span>r are inclu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d in the co<span class=\"_ _0\"></span>nsol<span class=\"_ _0\"></span>idated res<span class=\"_ _0\"></span>ults up to the date of dispos<span class=\"_ _0\"></span>al or from<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs202\">the<span class=\"_ gsec\"> </span>da<span class=\"_ _0\"></span>te of <span class=\"_ _1\"></span>gaini<span class=\"_ _0\"></span>ng co<span class=\"_ _0\"></span>ntro<span class=\"_ _0\"></span>l. </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs203\">Put<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e instr<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ents h<span class=\"_ _0\"></span>eld by ex<span class=\"_ _0\"></span>tern<span class=\"_ _0\"></span>al par<span class=\"_ _3\"></span>ties in co<span class=\"_ _0\"></span>nsoli<span class=\"_ _0\"></span>dated inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt vehi<span class=\"_ _0\"></span>cle<span class=\"_ _0\"></span>s, su<span class=\"_ _0\"></span>ch as uni<span class=\"_ _0\"></span>t trus<span class=\"_ _0\"></span>ts, are cl<span class=\"_ _0\"></span>assif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d as liabil<span class=\"_ _0\"></span>itie<span class=\"_ _0\"></span>s and app<span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs204\">as<span class=\"_ gsec\"> </span>\u2018<span class=\"_ _0\"></span>Net ass<span class=\"_ _0\"></span>et valu<span class=\"_ _0\"></span>e att<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>uta<span class=\"_ _0\"></span>ble to unit ho<span class=\"_ _0\"></span>lde<span class=\"_ _0\"></span>rs\u2019 in th<span class=\"_ _0\"></span>e Co<span class=\"_ _0\"></span>nsoli<span class=\"_ _0\"></span>dated Ba<span class=\"_ _0\"></span>lan<span class=\"_ _0\"></span>ce Sh<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t.<span class=\"_ _0\"></span> </div><div class=\"t m2 h58 ff9 fs5 fc2 sc0 ls1 ws16 gs205\">Associates and joint<span class=\"_ _1\"></span> ventures </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs206\">Ass<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>iates are enti<span class=\"_ _0\"></span>ties over wh<span class=\"_ _0\"></span>ich th<span class=\"_ _0\"></span>e Group ha<span class=\"_ _0\"></span>s signif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant inf<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>e bu<span class=\"_ _0\"></span>t which i<span class=\"_ _0\"></span>t does n<span class=\"_ _0\"></span>ot cont<span class=\"_ _0\"></span>rol. I<span class=\"_ _0\"></span>t is presum<span class=\"_ _0\"></span>ed that th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p has signi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>can<span class=\"_ _0\"></span>t </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs207\">infl<span class=\"_ _0\"></span>uen<span class=\"_ _0\"></span>ce wh<span class=\"_ _0\"></span>ere it has b<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n 20% an<span class=\"_ _0\"></span>d 50<span class=\"_ _0\"></span>% of the voting rig<span class=\"_ _0\"></span>hts in the inves<span class=\"_ _0\"></span>tee unl<span class=\"_ _0\"></span>ess in<span class=\"_ _0\"></span>dic<span class=\"_ _0\"></span>ated othe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>wise. J<span class=\"_ _0\"></span>oint ven<span class=\"_ _0\"></span>tures are en<span class=\"_ _0\"></span>titi<span class=\"_ _0\"></span>es whe<span class=\"_ _0\"></span>re the </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs208\">Grou<span class=\"_ _0\"></span>p and othe<span class=\"_ _0\"></span>r par<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies have joint c<span class=\"_ _0\"></span>ontro<span class=\"_ _0\"></span>l over the<span class=\"_ _0\"></span>ir acti<span class=\"_ _0\"></span>vit<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>. </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs209\">Th<span class=\"_ _0\"></span>e Group ha<span class=\"_ _0\"></span>s interest<span class=\"_ _0\"></span>s in asso<span class=\"_ _0\"></span>ciates and joi<span class=\"_ _0\"></span>nt ventu<span class=\"_ _0\"></span>res (Note 41<span class=\"_ _1\"></span>) <span class=\"_ _1\"></span>whic<span class=\"_ _0\"></span>h form par<span class=\"_ _3\"></span>t of an investme<span class=\"_ _0\"></span>nt por<span class=\"_ _3\"></span>tfol<span class=\"_ _0\"></span>io hel<span class=\"_ _0\"></span>d throu<span class=\"_ _0\"></span>gh pri<span class=\"_ _0\"></span>vate equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y vehic<span class=\"_ _0\"></span>les<span class=\"_ _0\"></span>, </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs20a\">mut<span class=\"_ _0\"></span>ual fun<span class=\"_ _0\"></span>ds<span class=\"_ _0\"></span>, unit tr<span class=\"_ _0\"></span>usts an<span class=\"_ _0\"></span>d simila<span class=\"_ _0\"></span>r enti<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>. In acc<span class=\"_ _0\"></span>orda<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e with the c<span class=\"_ _0\"></span>hoi<span class=\"_ _0\"></span>ce pe<span class=\"_ _0\"></span>rmi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ted by IA<span class=\"_ _0\"></span>S 28<span class=\"_ _0\"></span>, \u2018Inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ents in A<span class=\"_ _0\"></span>sso<span class=\"_ _0\"></span>ciates an<span class=\"_ _0\"></span>d Joint Ventur<span class=\"_ _0\"></span>es\u2019, </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs20b\">thes<span class=\"_ _0\"></span>e interes<span class=\"_ _0\"></span>ts have bee<span class=\"_ _0\"></span>n class<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ied as fair valu<span class=\"_ _0\"></span>e thro<span class=\"_ _0\"></span>ugh prof<span class=\"_ _0\"></span>it o<span class=\"_ _0\"></span>r loss and m<span class=\"_ _0\"></span>easu<span class=\"_ _0\"></span>red at fair valu<span class=\"_ _0\"></span>e within f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al investm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts, wi<span class=\"_ _0\"></span>th chan<span class=\"_ _0\"></span>ges in<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs20c\">fair<span class=\"_ gsec\"> </span>valu<span class=\"_ _0\"></span>e rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ised in th<span class=\"_ _0\"></span>e Co<span class=\"_ _0\"></span>nsoli<span class=\"_ _0\"></span>dated In<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me S<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>. </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs20d\">Ass<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>iates and join<span class=\"_ _0\"></span>t venture<span class=\"_ _0\"></span>s whic<span class=\"_ _0\"></span>h do not form par<span class=\"_ _3\"></span>t of an investme<span class=\"_ _0\"></span>nt por<span class=\"_ _3\"></span>tfol<span class=\"_ _0\"></span>io are init<span class=\"_ _0\"></span>ially re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed in the C<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>olid<span class=\"_ _0\"></span>ated Bala<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e She<span class=\"_ _0\"></span>et at co<span class=\"_ _0\"></span>st.<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs20e\">Go<span class=\"_ _0\"></span>odwil<span class=\"_ _0\"></span>l arisin<span class=\"_ _0\"></span>g on the ac<span class=\"_ _0\"></span>quisi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of these asso<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>ates or joint ven<span class=\"_ _0\"></span>tures is inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>ed wi<span class=\"_ _0\"></span>thin the c<span class=\"_ _0\"></span>arr<span class=\"_ _3\"></span>yin<span class=\"_ _0\"></span>g value of those inve<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>eir ca<span class=\"_ _0\"></span>rr<span class=\"_ _3\"></span>ying<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs20f\">amo<span class=\"_ _0\"></span>unt is inc<span class=\"_ _0\"></span>reas<span class=\"_ _0\"></span>ed or de<span class=\"_ _0\"></span>cre<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>d to reflec<span class=\"_ _0\"></span>t the Gro<span class=\"_ _0\"></span>up\u2019s share of total comp<span class=\"_ _0\"></span>reh<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>ve inc<span class=\"_ _0\"></span>ome af<span class=\"_ _0\"></span>ter th<span class=\"_ _0\"></span>e date of <span class=\"_ _1\"></span>the ac<span class=\"_ _0\"></span>quisi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n. W<span class=\"_ _0\"></span>here th<span class=\"_ _0\"></span>e car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>yi<span class=\"_ _0\"></span>ng </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs210\">amo<span class=\"_ _0\"></span>unt of an asso<span class=\"_ _0\"></span>ciate or join<span class=\"_ _0\"></span>t venture is grea<span class=\"_ _0\"></span>ter than its es<span class=\"_ _0\"></span>timate<span class=\"_ _0\"></span>d recove<span class=\"_ _0\"></span>rab<span class=\"_ _0\"></span>le amo<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>, whic<span class=\"_ _0\"></span>h is the high<span class=\"_ _0\"></span>er of the asse<span class=\"_ _0\"></span>ts fair value le<span class=\"_ _0\"></span>ss cos<span class=\"_ _0\"></span>ts of </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs211\">disp<span class=\"_ _0\"></span>osal an<span class=\"_ _0\"></span>d value in use<span class=\"_ _0\"></span>, it is wri<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ten down imm<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>ately to its rec<span class=\"_ _0\"></span>overa<span class=\"_ _0\"></span>ble am<span class=\"_ _0\"></span>ount<span class=\"_ _0\"></span>, wit<span class=\"_ _0\"></span>h an impair<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt los<span class=\"_ _0\"></span>s rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ised in th<span class=\"_ _0\"></span>e Con<span class=\"_ _0\"></span>soli<span class=\"_ _0\"></span>dated </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls37 ws7 gs212\">Income <span class=\"_ _1\"></span>Statemen<span class=\"_ _1\"></span>t.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h15 ff1 fs5 fc2 sc0 ls18 ws0 gs213\">In<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nce cont<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>ts<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h58 ff9 fs5 fc2 sc0 lsf ws38 gs214\">Long t<span class=\"_ _1\"></span>erm insurance<span class=\"_ _1\"></span> contracts \u2013<span class=\"_ _1\"></span> initial<span class=\"_ _1\"></span> measurement<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs215\">Insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts are co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>acts whi<span class=\"_ _0\"></span>ch tra<span class=\"_ _0\"></span>nsfer sig<span class=\"_ _0\"></span>nif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce ris<span class=\"_ _0\"></span>k to the insure<span class=\"_ _0\"></span>r at the ince<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>n of the cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t. T<span class=\"_ _0\"></span>his is the cas<span class=\"_ _0\"></span>e if, </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs216\">and<span class=\"_ gsec\"> </span>o<span class=\"_ _0\"></span>nly if, an insure<span class=\"_ _0\"></span>d event co<span class=\"_ _0\"></span>uld c<span class=\"_ _0\"></span>ause an ins<span class=\"_ _0\"></span>urer to make signif<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>can<span class=\"_ _0\"></span>t addit<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>al payme<span class=\"_ _0\"></span>nts in any sc<span class=\"_ _0\"></span>ena<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>, other tha<span class=\"_ _0\"></span>n a scen<span class=\"_ _0\"></span>ari<span class=\"_ _0\"></span>o which la<span class=\"_ _0\"></span>cks<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs217\">co<span class=\"_ _0\"></span>mme<span class=\"_ _0\"></span>rcia<span class=\"_ _0\"></span>l subst<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e. S<span class=\"_ _0\"></span>uch c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>s remai<span class=\"_ _0\"></span>n insur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts until all ri<span class=\"_ _0\"></span>ghts an<span class=\"_ _0\"></span>d oblig<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns are ex<span class=\"_ _0\"></span>ting<span class=\"_ _0\"></span>uish<span class=\"_ _0\"></span>ed or ex<span class=\"_ _0\"></span>pire<span class=\"_ _0\"></span>d. </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs218\">At ince<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>n, th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p separ<span class=\"_ _0\"></span>ates the followi<span class=\"_ _0\"></span>ng co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>one<span class=\"_ _0\"></span>nts fro<span class=\"_ _0\"></span>m an insur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e or reins<span class=\"_ _0\"></span>ura<span class=\"_ _0\"></span>nce c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t and acc<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nts for the<span class=\"_ _0\"></span>m as if they were </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs219\">stan<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>alo<span class=\"_ _0\"></span>ne f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>l instr<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span>: </div><div class=\"t m2 ha ff3 fs5 fc1 sc0 ls9 ws15 gs21a\">\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">der<span class=\"_ _0\"></span>ivati<span class=\"_ _0\"></span>ves em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>dde<span class=\"_ _0\"></span>d in the co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>ct who<span class=\"_ _0\"></span>se ec<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>omi<span class=\"_ _0\"></span>c char<span class=\"_ _0\"></span>acter<span class=\"_ _0\"></span>isti<span class=\"_ _0\"></span>cs an<span class=\"_ _0\"></span>d risks are not cl<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>ly related to thos<span class=\"_ _0\"></span>e of the host co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>, </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs21b\">and<span class=\"_ gsec\"> </span>wh<span class=\"_ _0\"></span>ose<span class=\"_ gsec\"> </span>ter<span class=\"_ _0\"></span>ms woul<span class=\"_ _0\"></span>d not me<span class=\"_ _0\"></span>et the def<span class=\"_ _0\"></span>ini<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of an insura<span class=\"_ _0\"></span>nce o<span class=\"_ _0\"></span>r reinsu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>act as a stan<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>alo<span class=\"_ _0\"></span>ne ins<span class=\"_ _0\"></span>tru<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff3 fs5 fc1 sc0 ls9 ws15 gs21c\">\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">disti<span class=\"_ _0\"></span>nct inve<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span>, i.e. inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ents that are n<span class=\"_ _0\"></span>ot highl<span class=\"_ _0\"></span>y inter-<span class=\"_ _0\"></span>relate<span class=\"_ _0\"></span>d with the ins<span class=\"_ _0\"></span>ura<span class=\"_ _0\"></span>nce c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pon<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s and for whic<span class=\"_ _0\"></span>h </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs21d\">con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts wit<span class=\"_ _0\"></span>h equi<span class=\"_ _0\"></span>vale<span class=\"_ _0\"></span>nt terms are so<span class=\"_ _0\"></span>ld<span class=\"_ _0\"></span>, or coul<span class=\"_ _0\"></span>d be sol<span class=\"_ _0\"></span>d, se<span class=\"_ _0\"></span>parate<span class=\"_ _0\"></span>ly in the sam<span class=\"_ _0\"></span>e mar<span class=\"_ _0\"></span>ket or the sam<span class=\"_ _0\"></span>e juris<span class=\"_ _0\"></span>dic<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs21e\">Af<span class=\"_ _0\"></span>ter sep<span class=\"_ _0\"></span>arati<span class=\"_ _0\"></span>ng any fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial ins<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nt co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>one<span class=\"_ _0\"></span>nts<span class=\"_ _0\"></span>, the Gro<span class=\"_ _0\"></span>up sep<span class=\"_ _0\"></span>arates any pro<span class=\"_ _0\"></span>mises to trans<span class=\"_ _0\"></span>fer to policy<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>lde<span class=\"_ _0\"></span>rs dis<span class=\"_ _0\"></span>tinc<span class=\"_ _0\"></span>t goo<span class=\"_ _0\"></span>ds or se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs21f\">othe<span class=\"_ _0\"></span>r than insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce cove<span class=\"_ _0\"></span>rag<span class=\"_ _0\"></span>e and invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>es and ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>unts for the<span class=\"_ _0\"></span>m as sepa<span class=\"_ _0\"></span>rate cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>ts with cu<span class=\"_ _0\"></span>stom<span class=\"_ _0\"></span>ers (i<span class=\"_ _0\"></span>.e. not as insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs220\">con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts). A <span class=\"_ _1\"></span>go<span class=\"_ _0\"></span>od or se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce is disti<span class=\"_ _0\"></span>nct if th<span class=\"_ _0\"></span>e poli<span class=\"_ _0\"></span>cyh<span class=\"_ _0\"></span>old<span class=\"_ _0\"></span>er ca<span class=\"_ _0\"></span>n ben<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>it fro<span class=\"_ _0\"></span>m it eith<span class=\"_ _0\"></span>er on i<span class=\"_ _0\"></span>ts own or with othe<span class=\"_ _0\"></span>r resou<span class=\"_ _0\"></span>rce<span class=\"_ _0\"></span>s that are readi<span class=\"_ _0\"></span>ly availab<span class=\"_ _0\"></span>le </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs221\">to<span class=\"_ gsec\"> </span>the poli<span class=\"_ _0\"></span>cy<span class=\"_ _0\"></span>hol<span class=\"_ _0\"></span>der. A <span class=\"_ _1\"></span>go<span class=\"_ _0\"></span>od or se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce is not disti<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>t and is acc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ted for togeth<span class=\"_ _0\"></span>er wit<span class=\"_ _0\"></span>h the insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>one<span class=\"_ _0\"></span>nt if the ca<span class=\"_ _0\"></span>sh fl<span class=\"_ _0\"></span>ows and risks<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs222\">asso<span class=\"_ _0\"></span>ciate<span class=\"_ _0\"></span>d with the go<span class=\"_ _0\"></span>od o<span class=\"_ _0\"></span>r ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ice are hi<span class=\"_ _0\"></span>ghly in<span class=\"_ _0\"></span>ter-<span class=\"_ _0\"></span>related wi<span class=\"_ _0\"></span>th the ca<span class=\"_ _0\"></span>sh fl<span class=\"_ _0\"></span>ows and risks as<span class=\"_ _0\"></span>soc<span class=\"_ _0\"></span>iated wit<span class=\"_ _0\"></span>h the insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>one<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>, and the<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs223\">Grou<span class=\"_ _0\"></span>p<span class=\"_ gsec\"> </span>provi<span class=\"_ _0\"></span>des a sign<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ica<span class=\"_ _0\"></span>nt ser<span class=\"_ _3\"></span>vice of integ<span class=\"_ _0\"></span>ratin<span class=\"_ _0\"></span>g the go<span class=\"_ _0\"></span>od or se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce wit<span class=\"_ _0\"></span>h the insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>one<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h58 ff9 fs5 fc1 sc0 ls18 ws0 gs224\">Re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gn<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n an<span class=\"_ _0\"></span>d le<span class=\"_ _0\"></span>vel of a<span class=\"_ _0\"></span>gg<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs225\">An ins<span class=\"_ _0\"></span>ura<span class=\"_ _0\"></span>nce c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t is reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed at the ear<span class=\"_ _0\"></span>lies<span class=\"_ _0\"></span>t of the followin<span class=\"_ _0\"></span>g:<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs226\">(a<span class=\"_ _1\"></span>) <span class=\"_ _e\"> </span>the b<span class=\"_ _0\"></span>eg<span class=\"_ _0\"></span>inni<span class=\"_ _0\"></span>ng of the c<span class=\"_ _0\"></span>over<span class=\"_ _0\"></span>age p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iod<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs227\">(b) <span class=\"_ _d2\"> </span>t<span class=\"_ _0\"></span>he date wh<span class=\"_ _0\"></span>en th<span class=\"_ _0\"></span>e fi<span class=\"_ _0\"></span>rst p<span class=\"_ _0\"></span>aym<span class=\"_ _0\"></span>ent fr<span class=\"_ _0\"></span>om a po<span class=\"_ _0\"></span>lic<span class=\"_ _0\"></span>yho<span class=\"_ _0\"></span>ld<span class=\"_ _0\"></span>er b<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>es du<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs228\">(c<span class=\"_ _1\"></span>) <span class=\"_ _e\"> </span>for on<span class=\"_ _0\"></span>ero<span class=\"_ _0\"></span>us co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts<span class=\"_ _0\"></span>, whe<span class=\"_ _0\"></span>n the con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>t be<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>mes o<span class=\"_ _0\"></span>nero<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs22a\">Th<span class=\"_ _0\"></span>e level of aggre<span class=\"_ _0\"></span>gati<span class=\"_ _0\"></span>on deter<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>nes the u<span class=\"_ _0\"></span>nit of acc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t at which IF<span class=\"_ _0\"></span>RS 17 <span class=\"_ _1\"></span>cal<span class=\"_ _0\"></span>culat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s are per<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>d. T<span class=\"_ _0\"></span>his is deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>irs<span class=\"_ _0\"></span>tly by divi<span class=\"_ _0\"></span>ding th<span class=\"_ _0\"></span>e </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs22b\">busi<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>s writ<span class=\"_ _0\"></span>ten in<span class=\"_ _0\"></span>to por<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>folio<span class=\"_ _0\"></span>s. Po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>folio<span class=\"_ _0\"></span>s com<span class=\"_ _0\"></span>pri<span class=\"_ _0\"></span>se grou<span class=\"_ _0\"></span>ps of contr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>s with simil<span class=\"_ _0\"></span>ar risk<span class=\"_ _0\"></span>s which are ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>ed toge<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>. Por<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>foli<span class=\"_ _0\"></span>os are fur<span class=\"_ _3\"></span>ther<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs22c\">divi<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d based o<span class=\"_ _0\"></span>n expe<span class=\"_ _0\"></span>cted pr<span class=\"_ _0\"></span>ofi<span class=\"_ _0\"></span>tabi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y at inc<span class=\"_ _0\"></span>epti<span class=\"_ _0\"></span>on into thre<span class=\"_ _0\"></span>e categ<span class=\"_ _0\"></span>ori<span class=\"_ _0\"></span>es: on<span class=\"_ _0\"></span>erou<span class=\"_ _0\"></span>s con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>, cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>ts with no sig<span class=\"_ _0\"></span>nif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant ris<span class=\"_ _0\"></span>k of subseq<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span>ntly<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs22d\">be<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ming o<span class=\"_ _0\"></span>ner<span class=\"_ _0\"></span>ous<span class=\"_ _0\"></span>, and the re<span class=\"_ _0\"></span>main<span class=\"_ _0\"></span>der. IFRS 1<span class=\"_ _1\"></span>7 also requ<span class=\"_ _0\"></span>ires tha<span class=\"_ _0\"></span>t no group for leve<span class=\"_ _0\"></span>l of aggreg<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n pur<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>es may con<span class=\"_ _0\"></span>tain co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>acts iss<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span>d more<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs22e\">than on<span class=\"_ _0\"></span>e year apa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>. The ins<span class=\"_ _0\"></span>ura<span class=\"_ _0\"></span>nce c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t discl<span class=\"_ _0\"></span>osure<span class=\"_ _0\"></span>s have bee<span class=\"_ _0\"></span>n aggre<span class=\"_ _0\"></span>gated at the le<span class=\"_ _0\"></span>vel of the majo<span class=\"_ _0\"></span>r produ<span class=\"_ _0\"></span>ct lin<span class=\"_ _0\"></span>es of the busi<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>s, ann<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>ies </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs22f\">and protec<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n. T<span class=\"_ _0\"></span>his disag<span class=\"_ _0\"></span>gre<span class=\"_ _0\"></span>gatio<span class=\"_ _0\"></span>n refl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ts thei<span class=\"_ _0\"></span>r simila<span class=\"_ _0\"></span>r main ch<span class=\"_ _0\"></span>arac<span class=\"_ _0\"></span>teris<span class=\"_ _0\"></span>tic<span class=\"_ _0\"></span>s and avoids the pr<span class=\"_ _0\"></span>ese<span class=\"_ _0\"></span>ntatio<span class=\"_ _0\"></span>n of insigni<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>can<span class=\"_ _0\"></span>t detai<span class=\"_ _0\"></span>l.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs230\">All of th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up\u2019s in sc<span class=\"_ _0\"></span>ope i<span class=\"_ _0\"></span>nsur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>acts a<span class=\"_ _0\"></span>re ac<span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>nted for u<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>r the g<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>l meas<span class=\"_ _0\"></span>urem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t mod<span class=\"_ _0\"></span>el wh<span class=\"_ _0\"></span>ich m<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>ures a gr<span class=\"_ _0\"></span>oup of in<span class=\"_ _0\"></span>sura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs231\">con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts as the total of:<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h9 ff3 fs5 fc1 sc0 ls9 ws15 gs232\">\u2022 <span class=\"_ _21\"> </span><span class=\"lsb ws12\">fulf<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt ca<span class=\"_ _0\"></span>sh f<span class=\"_ _0\"></span>lows<span class=\"_ _3b2\"> </span></span></div><div class=\"t m0 ha ff3 fs5 fc1 sc0 lsd9 ws11a gs233\">\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">C<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>M represe<span class=\"_ _0\"></span>ntin<span class=\"_ _0\"></span>g the unea<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>ed prof<span class=\"_ _0\"></span>it the Grou<span class=\"_ _0\"></span>p will reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>e as it provides ser<span class=\"_ _3\"></span>vic<span class=\"_ _0\"></span>es unde<span class=\"_ _0\"></span>r the insur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e<span class=\"_ gsec\"> </span>co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></span></div><div class=\"t m0 h58 ff9 fs5 fc1 sc0 ls87 ws4a gs234\">Fulfilment cash<span class=\"_ _1\"></span> flows<span class=\"_ _3b2\"> </span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs235\">Fulf<span class=\"_ _0\"></span>ilme<span class=\"_ _0\"></span>nt cas<span class=\"_ _0\"></span>h flows c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>ris<span class=\"_ _0\"></span>e unbias<span class=\"_ _0\"></span>ed an<span class=\"_ _0\"></span>d proba<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y-<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>ighted es<span class=\"_ _0\"></span>tima<span class=\"_ _0\"></span>tes of future cas<span class=\"_ _0\"></span>h flows<span class=\"_ _0\"></span>, disc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ted to present val<span class=\"_ _0\"></span>ue to refle<span class=\"_ _0\"></span>ct the ti<span class=\"_ _0\"></span>me </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 lsd ws7f gs236\">value of mone<span class=\"_ _0\"></span>y and finan<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>l risks, plu<span class=\"_ _0\"></span>s a <span class=\"_ _1\"></span>risk adju<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent for non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial risk<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e Group\u2019s obje<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ve in estimatin<span class=\"_ _0\"></span>g futur<span class=\"_ _0\"></span>e cash flows is to <span class=\"_ _1\"></span>deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>e </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 lsd ws7f gs237\">the expe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted value, or the prob<span class=\"_ _0\"></span>abil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y weighted me<span class=\"_ _0\"></span>an, of the full range of possi<span class=\"_ _0\"></span>ble ou<span class=\"_ _0\"></span>tcom<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, consi<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>ing all reaso<span class=\"_ _0\"></span>nabl<span class=\"_ _0\"></span>e and supp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e informati<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs238\">availab<span class=\"_ _0\"></span>le at the rep<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ing date with<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>t undu<span class=\"_ _0\"></span>e cos<span class=\"_ _0\"></span>t or effo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>. The Gr<span class=\"_ _0\"></span>oup es<span class=\"_ _0\"></span>timates fu<span class=\"_ _0\"></span>ture c<span class=\"_ _0\"></span>ash fl<span class=\"_ _0\"></span>ows cons<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>rin<span class=\"_ _0\"></span>g a range of sc<span class=\"_ _0\"></span>enar<span class=\"_ _0\"></span>ios wh<span class=\"_ _0\"></span>ich have </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs239\">co<span class=\"_ _0\"></span>mme<span class=\"_ _0\"></span>rcia<span class=\"_ _0\"></span>l subst<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e and give a go<span class=\"_ _0\"></span>od rep<span class=\"_ _0\"></span>rese<span class=\"_ _0\"></span>ntati<span class=\"_ _0\"></span>on of poss<span class=\"_ _0\"></span>ible o<span class=\"_ _0\"></span>utco<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>s. Th<span class=\"_ _0\"></span>e cash f<span class=\"_ _0\"></span>lows fro<span class=\"_ _0\"></span>m each sc<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ari<span class=\"_ _0\"></span>o are proba<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y-<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>ighted an<span class=\"_ _0\"></span>d </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs23a\">disc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ted using cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nt assu<span class=\"_ _0\"></span>mpti<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs23b\">Wh<span class=\"_ _0\"></span>en esti<span class=\"_ _0\"></span>matin<span class=\"_ _0\"></span>g fut<span class=\"_ _0\"></span>ure cas<span class=\"_ _0\"></span>h flows<span class=\"_ _0\"></span>, the Gro<span class=\"_ _0\"></span>up inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>es all cas<span class=\"_ _0\"></span>h flows that are wi<span class=\"_ _0\"></span>thin th<span class=\"_ _0\"></span>e cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t bou<span class=\"_ _0\"></span>ndar<span class=\"_ _3\"></span>y. <span class=\"_ _1\"></span>Th<span class=\"_ _0\"></span>e cash f<span class=\"_ _0\"></span>lows inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>e:<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h9 ff3 fs5 fc1 sc0 ls9 ws15 gs23c\">\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">prem<span class=\"_ _0\"></span>iums a<span class=\"_ _0\"></span>nd rel<span class=\"_ _0\"></span>ated ca<span class=\"_ _0\"></span>sh f<span class=\"_ _0\"></span>lows<span class=\"_ _3b2\"> </span></span></div><div class=\"t m0 ha ff3 fs5 fc1 sc0 ls9 ws15 gs23d\">\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">clai<span class=\"_ _0\"></span>ms and be<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>its<span class=\"_ _0\"></span>, inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>ing rep<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>ted claim<span class=\"_ _0\"></span>s not yet paid<span class=\"_ _0\"></span>, incu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d claim<span class=\"_ _0\"></span>s not yet rep<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d and expe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted futu<span class=\"_ _0\"></span>re claim<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></span></div><div class=\"t m0 h9 ff3 fs5 fc1 sc0 ls9 ws15 gs23e\">\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t mana<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t cos<span class=\"_ _0\"></span>ts in<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>red i<span class=\"_ _0\"></span>n the p<span class=\"_ _0\"></span>rovisio<span class=\"_ _0\"></span>n of an inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt ret<span class=\"_ _0\"></span>urn s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e or to enh<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e the b<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>its of an i<span class=\"_ _0\"></span>nsur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>ct<span class=\"_ _3b2\"> </span></span></div><div class=\"t m0 h9 ff3 fs5 fc1 sc0 ls9 ws15 gs23f\">\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">paym<span class=\"_ _0\"></span>ents to p<span class=\"_ _0\"></span>olic<span class=\"_ _0\"></span>yh<span class=\"_ _0\"></span>old<span class=\"_ _0\"></span>ers r<span class=\"_ _0\"></span>esul<span class=\"_ _0\"></span>ting f<span class=\"_ _0\"></span>rom e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>edd<span class=\"_ _0\"></span>ed s<span class=\"_ _0\"></span>urre<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>er val<span class=\"_ _0\"></span>ue op<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></span></div><div class=\"t m0 h9 ff3 fs5 fc1 sc0 ls9 ws15 gs240\">\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">an allo<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>tion of in<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e acq<span class=\"_ _0\"></span>uisi<span class=\"_ _0\"></span>tion c<span class=\"_ _0\"></span>ash f<span class=\"_ _0\"></span>lows at<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>uta<span class=\"_ _0\"></span>ble to th<span class=\"_ _0\"></span>e po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>folio to whi<span class=\"_ _0\"></span>ch th<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>ct b<span class=\"_ _0\"></span>elo<span class=\"_ _0\"></span>ngs<span class=\"_ _3b2\"> </span></span></div><div class=\"t m0 h9 ff3 fs5 fc1 sc0 ls9 ws15 gs241\">\u2022 <span class=\"_ _21\"> </span><span class=\"lse ws17\">claims handling costs<span class=\"_ _3b2\"> </span></span></div><div class=\"t m0 ha ff3 fs5 fc1 sc0 ls58 ws8a gs242\">\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">pol<span class=\"_ _0\"></span>icy adm<span class=\"_ _0\"></span>inis<span class=\"_ _0\"></span>tratio<span class=\"_ _0\"></span>n and main<span class=\"_ _0\"></span>tenan<span class=\"_ _0\"></span>ce co<span class=\"_ _0\"></span>sts<span class=\"_ _0\"></span>, incl<span class=\"_ _0\"></span>udin<span class=\"_ _0\"></span>g recu<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>ing co<span class=\"_ _0\"></span>mm<span class=\"_ _0\"></span>issio<span class=\"_ _0\"></span>ns that are exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted to be paid to <span class=\"_ _1\"></span>inter<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>diar<span class=\"_ _0\"></span>ies for fu<span class=\"_ _0\"></span>ture se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces<span class=\"_ _3b2\"> </span></span></div><div class=\"t m0 h9 ff3 fs5 fc1 sc0 ls9 ws15 gs243\">\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">an allo<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>tion of f<span class=\"_ _0\"></span>ixe<span class=\"_ _0\"></span>d and va<span class=\"_ _0\"></span>riab<span class=\"_ _0\"></span>le over<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>ads di<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>tly at<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>tab<span class=\"_ _0\"></span>le to fulf<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>ling in<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts<span class=\"_ _3b2\"> </span></span></div><div class=\"t m0 ha ff3 fs5 fc1 sc0 ls9 ws15 gs244\">\u2022 <span class=\"_ _21\"> </span><span class=\"ff4 ls10 ws12\">transaction<span class=\"_ _0\"></span>-based taxes.<span class=\"_ _3b2\"> </span></span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs245\">Th<span class=\"_ _0\"></span>e Group in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ates, in an unb<span class=\"_ _0\"></span>iase<span class=\"_ _0\"></span>d way<span class=\"_ _1\"></span>, all reason<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e and sup<span class=\"_ _0\"></span>por<span class=\"_ _3\"></span>tabl<span class=\"_ _0\"></span>e inform<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n availabl<span class=\"_ _0\"></span>e witho<span class=\"_ _0\"></span>ut un<span class=\"_ _0\"></span>due c<span class=\"_ _0\"></span>ost or ef<span class=\"_ _0\"></span>for<span class=\"_ _3\"></span>t abou<span class=\"_ _0\"></span>t the am<span class=\"_ _0\"></span>ount<span class=\"_ _0\"></span>, </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 lsd ws7f gs246\">timin<span class=\"_ _0\"></span>g and unce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>aint<span class=\"_ _0\"></span>y of those futu<span class=\"_ _0\"></span>re cash flows<span class=\"_ _0\"></span>. The Grou<span class=\"_ _0\"></span>p estima<span class=\"_ _0\"></span>tes the probab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es and amou<span class=\"_ _0\"></span>nts of future paym<span class=\"_ _0\"></span>ents und<span class=\"_ _0\"></span>er exist<span class=\"_ _0\"></span>ing con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>cts<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs247\">base<span class=\"_ _0\"></span>d on inform<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n obtai<span class=\"_ _0\"></span>ned<span class=\"_ _0\"></span>, inc<span class=\"_ _0\"></span>ludi<span class=\"_ _0\"></span>ng:<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h9 ff3 fs5 fc1 sc0 ls9 ws15 gs248\">\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">inform<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n abo<span class=\"_ _0\"></span>ut c<span class=\"_ _0\"></span>laim<span class=\"_ _0\"></span>s alrea<span class=\"_ _0\"></span>dy rep<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>ted by po<span class=\"_ _0\"></span>licy<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>lde<span class=\"_ _0\"></span>rs<span class=\"_ _3b2\"> </span></span></div><div class=\"t m0 h9 ff3 fs5 fc1 sc0 ls9 ws15 gs249\">\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">othe<span class=\"_ _0\"></span>r inform<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n abo<span class=\"_ _0\"></span>ut t<span class=\"_ _0\"></span>he k<span class=\"_ _0\"></span>nown o<span class=\"_ _0\"></span>r esti<span class=\"_ _0\"></span>mated c<span class=\"_ _0\"></span>hara<span class=\"_ _0\"></span>cter<span class=\"_ _0\"></span>isti<span class=\"_ _0\"></span>cs of th<span class=\"_ _0\"></span>e insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></span></div><div class=\"t m0 ha ff3 fs5 fc1 sc0 ls9 ws15 gs24a\">\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">histor<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>al data abo<span class=\"_ _0\"></span>ut th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p\u2019s own <span class=\"_ _1\"></span>exp<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ien<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>, supp<span class=\"_ _0\"></span>lem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ted when ne<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y, with data fro<span class=\"_ _0\"></span>m other so<span class=\"_ _0\"></span>urc<span class=\"_ _0\"></span>es (his<span class=\"_ _0\"></span>tori<span class=\"_ _0\"></span>cal dat<span class=\"_ _0\"></span>a is adjusted<span class=\"_ _0\"></span> </span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs24b\">to<span class=\"_ gsec\"> </span>refle<span class=\"_ _0\"></span>ct cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nt co<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s)<span class=\"_ _3b2\"> </span></div><div class=\"t m0 ha ff3 fs5 fc1 sc0 ls9 ws15 gs24c\">\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">cur<span class=\"_ _0\"></span>rent pr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ing infor<span class=\"_ _0\"></span>matio<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>, when availa<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></span></div><div class=\"t m0 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs24d\">Th<span class=\"_ _0\"></span>e meas<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t of fulf<span class=\"_ _0\"></span>ilm<span class=\"_ _0\"></span>ent c<span class=\"_ _0\"></span>ash f<span class=\"_ _0\"></span>lows i<span class=\"_ _0\"></span>ncl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>s insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce ac<span class=\"_ _0\"></span>quis<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>n ca<span class=\"_ _0\"></span>sh f<span class=\"_ _0\"></span>lows whi<span class=\"_ _0\"></span>ch are al<span class=\"_ _0\"></span>loc<span class=\"_ _0\"></span>ated as a p<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>tion of pre<span class=\"_ _0\"></span>miu<span class=\"_ _0\"></span>m to profi<span class=\"_ _0\"></span>t or l<span class=\"_ _0\"></span>oss<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs24e\">(throu<span class=\"_ _0\"></span>gh insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce reven<span class=\"_ _0\"></span>ue) over the per<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d of the contr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>. </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs24f\">Pre<span class=\"_ _0\"></span>-<span class=\"_ _3\"></span>reco<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n, ins<span class=\"_ _0\"></span>ura<span class=\"_ _0\"></span>nce ac<span class=\"_ _0\"></span>quis<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>n cas<span class=\"_ _0\"></span>h flow ass<span class=\"_ _0\"></span>ets are rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nized on th<span class=\"_ _0\"></span>e balan<span class=\"_ _0\"></span>ce she<span class=\"_ _0\"></span>et pr<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>r to allocati<span class=\"_ _0\"></span>on to new insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts and<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs250\">are con<span class=\"_ _0\"></span>side<span class=\"_ _0\"></span>red for im<span class=\"_ _0\"></span>pair<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt at each re<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g date.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h58 ff9 fs5 fc1 sc0 ls87 ws4a gs251\">Risk adjustment<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs252\">Th<span class=\"_ _0\"></span>e risk a<span class=\"_ _0\"></span>djus<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt for no<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>ial r<span class=\"_ _0\"></span>isk for a G<span class=\"_ _0\"></span>roup of in<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts ref<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>cts t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>satio<span class=\"_ _0\"></span>n that th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up wou<span class=\"_ _0\"></span>ld req<span class=\"_ _0\"></span>uire for b<span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs253\">unc<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>taint<span class=\"_ _0\"></span>y ab<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>t the amo<span class=\"_ _0\"></span>unt and ti<span class=\"_ _0\"></span>ming of the ca<span class=\"_ _0\"></span>sh fl<span class=\"_ _0\"></span>ows that arise<span class=\"_ _0\"></span>s from no<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-f<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial risk af<span class=\"_ _0\"></span>ter di<span class=\"_ _0\"></span>versi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>cati<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>. The G<span class=\"_ _0\"></span>roup\u2019s risk adj<span class=\"_ _0\"></span>ustm<span class=\"_ _0\"></span>ent is<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs254\">cali<span class=\"_ _0\"></span>brated us<span class=\"_ _0\"></span>ing a Value at Risk (<span class=\"_ _0\"></span>VAR) meth<span class=\"_ _0\"></span>odo<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>gy. In some cas<span class=\"_ _0\"></span>es, th<span class=\"_ _0\"></span>e com<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nsati<span class=\"_ _0\"></span>on for risk o<span class=\"_ _0\"></span>n reinsu<span class=\"_ _0\"></span>red bu<span class=\"_ _0\"></span>sine<span class=\"_ _0\"></span>ss is linked dir<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tly to the pric<span class=\"_ _0\"></span>e </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs255\">paid for rein<span class=\"_ _0\"></span>sura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e. </div><div class=\"t m0 h58 ff9 fs5 fc1 sc0 ls11 wsab gs256\">Discounting<span class=\"_ _3b2\"> </span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs257\">Th<span class=\"_ _0\"></span>e insur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>t fulf<span class=\"_ _0\"></span>ilm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t cash f<span class=\"_ _0\"></span>lows are disc<span class=\"_ _0\"></span>ounte<span class=\"_ _0\"></span>d at rates that refle<span class=\"_ _0\"></span>ct th<span class=\"_ _0\"></span>e char<span class=\"_ _0\"></span>acte<span class=\"_ _0\"></span>rist<span class=\"_ _0\"></span>ics of the ins<span class=\"_ _0\"></span>uran<span class=\"_ _0\"></span>ce c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>. </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs258\">Th<span class=\"_ _0\"></span>ese<span class=\"_ gsec\"> </span>are<span class=\"_ gsec\"> </span>d<span class=\"_ _0\"></span>eter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ed by star<span class=\"_ _3\"></span>ting fro<span class=\"_ _0\"></span>m an appro<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>iate asset po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>foli<span class=\"_ _0\"></span>o with de<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns to remove risks in th<span class=\"_ _0\"></span>e assets th<span class=\"_ _0\"></span>at are not prese<span class=\"_ _0\"></span>nt </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs259\">in<span class=\"_ gsec\"> </span>the<span class=\"_ gsec\"> </span>i<span class=\"_ _0\"></span>nsur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e liabi<span class=\"_ _0\"></span>liti<span class=\"_ _0\"></span>es.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h58 ff9 fs5 fc1 sc0 ls18 ws0 gs25a\">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 se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e ma<span class=\"_ _0\"></span>rg<span class=\"_ _0\"></span>in (C<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>M)<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs25b\">Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p\u2019s CS<span class=\"_ _0\"></span>M is a c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ent of t<span class=\"_ _0\"></span>he ass<span class=\"_ _0\"></span>et or li<span class=\"_ _0\"></span>abili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y for th<span class=\"_ _0\"></span>e grou<span class=\"_ _0\"></span>p of insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>s that re<span class=\"_ _0\"></span>pres<span class=\"_ _0\"></span>ents t<span class=\"_ _0\"></span>he un<span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>d prof<span class=\"_ _0\"></span>it th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs25c\">will<span class=\"_ gsec\"> </span>re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise as it prov<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>s ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>es in the fu<span class=\"_ _0\"></span>ture. T<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up mea<span class=\"_ _0\"></span>sures th<span class=\"_ _0\"></span>e CS<span class=\"_ _0\"></span>M on in<span class=\"_ _0\"></span>itial re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n at an amoun<span class=\"_ _0\"></span>t that, un<span class=\"_ _0\"></span>les<span class=\"_ _0\"></span>s the grou<span class=\"_ _0\"></span>p </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs25d\">of<span class=\"_ gsec\"> </span>con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts is one<span class=\"_ _0\"></span>rous<span class=\"_ _0\"></span>, resul<span class=\"_ _0\"></span>ts in no inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e or exp<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>es arisi<span class=\"_ _0\"></span>ng fro<span class=\"_ _0\"></span>m:<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h9 ff3 fs5 fc1 sc0 ls9 ws15 gs25e\">\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">init<span class=\"_ _0\"></span>ial re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnit<span class=\"_ _0\"></span>ion of th<span class=\"_ _0\"></span>e ful<span class=\"_ _0\"></span>fil<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt cas<span class=\"_ _0\"></span>h fl<span class=\"_ _0\"></span>ows<span class=\"_ _3b2\"> </span></span></div><div class=\"t m0 h9 ff3 fs5 fc1 sc0 ls9 ws15 gs25f\">\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">any cas<span class=\"_ _0\"></span>h fl<span class=\"_ _0\"></span>ows aris<span class=\"_ _0\"></span>ing fr<span class=\"_ _0\"></span>om th<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts in t<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up at th<span class=\"_ _0\"></span>at date<span class=\"_ _3b2\"> </span></span></div><div class=\"t m0 ha ff3 fs5 fc1 sc0 ls9 ws15 gs260\">\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">the de<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>niti<span class=\"_ _0\"></span>on at the date of initial re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of:</span></div><div class=\"t m0 ha ff3 fs5 fc1 sc0 ls1 ws0 gs261\"> <span class=\"_ _9f\"></span><span class=\"ff4\">\u2212<span class=\"_ _21\"> </span><span class=\"ff3 ls9\">any asset fo<span class=\"_ _0\"></span>r insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce ac<span class=\"_ _0\"></span>quisi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n cas<span class=\"_ _0\"></span>h fl<span class=\"_ _0\"></span>ows</span></span></div><div class=\"t m0 ha ff3 fs5 fc1 sc0 ls1 ws0 gs262\"> <span class=\"_ _9f\"></span><span class=\"ff4\">\u2212<span class=\"_ _21\"> </span><span class=\"ls9 ws15\">any other asse<span class=\"_ _0\"></span>t or liabi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y prev<span class=\"_ _0\"></span>iou<span class=\"_ _0\"></span>sly re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d relate<span class=\"_ _0\"></span>d to <span class=\"_ _1\"></span>the gro<span class=\"_ _0\"></span>up of insur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></span></span></div><div class=\"t m2 h58 ff9 fs5 fc1 sc0 ls87 ws4a gs264\">Onerous contracts<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs265\">For gro<span class=\"_ _0\"></span>ups of con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts asse<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>d as oner<span class=\"_ _0\"></span>ous<span class=\"_ _0\"></span>, the Gro<span class=\"_ _0\"></span>up rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nises a los<span class=\"_ _0\"></span>s in profi<span class=\"_ _0\"></span>t or los<span class=\"_ _0\"></span>s for the net ou<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>fl<span class=\"_ _0\"></span>ow, resultin<span class=\"_ _0\"></span>g in the car<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 m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs266\">of<span class=\"_ gsec\"> </span>the liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y for the Gr<span class=\"_ _0\"></span>oup be<span class=\"_ _0\"></span>ing e<span class=\"_ _0\"></span>qual to the fulf<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t cash f<span class=\"_ _0\"></span>lows and th<span class=\"_ _0\"></span>e CS<span class=\"_ _0\"></span>M of the Grou<span class=\"_ _0\"></span>p bein<span class=\"_ _0\"></span>g zero. A loss c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ent is est<span class=\"_ _0\"></span>ablis<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>d by </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs267\">the<span class=\"_ gsec\"> </span>G<span class=\"_ _0\"></span>roup for the li<span class=\"_ _0\"></span>abili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y for remain<span class=\"_ _0\"></span>ing cove<span class=\"_ _0\"></span>rag<span class=\"_ _0\"></span>e for an one<span class=\"_ _0\"></span>rous gro<span class=\"_ _0\"></span>up, whic<span class=\"_ _0\"></span>h repr<span class=\"_ _0\"></span>ese<span class=\"_ _0\"></span>nts the los<span class=\"_ _0\"></span>ses re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h58 ff9 fs5 fc2 sc0 ls14 ws1c gs268\">Reinsurance<span class=\"_ _1\"></span> contracts \u2013<span class=\"_ _1\"></span> initi<span class=\"_ _1\"></span>al me<span class=\"_ _1\"></span>asurement<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs269\">Th<span class=\"_ _0\"></span>e initia<span class=\"_ _0\"></span>l measu<span class=\"_ _0\"></span>rem<span class=\"_ _0\"></span>ent of reins<span class=\"_ _0\"></span>ura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>ts held foll<span class=\"_ _0\"></span>ows the sam<span class=\"_ _0\"></span>e prin<span class=\"_ _0\"></span>cip<span class=\"_ _0\"></span>les as tho<span class=\"_ _0\"></span>se for insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts iss<span class=\"_ _0\"></span>ued<span class=\"_ _0\"></span>, wit<span class=\"_ _0\"></span>h the except<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs26a\">of<span class=\"_ gsec\"> </span>the followi<span class=\"_ _0\"></span>ng:<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff3 fs5 fc1 sc0 ls9 ws15 gs26b\">\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">reins<span class=\"_ _0\"></span>ura<span class=\"_ _0\"></span>nce c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>ts are reco<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>sed fro<span class=\"_ _0\"></span>m the ear<span class=\"_ _0\"></span>lie<span class=\"_ _0\"></span>r of the following<span class=\"_ _0\"></span>:</span></div><div class=\"t m2 ha ff3 fs5 fc1 sc0 ls1 ws0 gs26c\"> <span class=\"_ _9f\"></span><span class=\"ff4\">\u2212<span class=\"_ _21\"> </span><span class=\"ff3 ls9\">the be<span class=\"_ _0\"></span>ginn<span class=\"_ _0\"></span>ing of th<span class=\"_ _0\"></span>e cove<span class=\"_ _0\"></span>rag<span class=\"_ _0\"></span>e per<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d</span></span></div><div class=\"t m2 ha ff3 fs5 fc1 sc0 ls1 ws0 gs26d\"> <span class=\"_ _9f\"></span><span class=\"ff4\">\u2212<span class=\"_ _21\"> </span><span class=\"ls9 ws15\">the date the enti<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>es an one<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>s group of und<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>lyi<span class=\"_ _0\"></span>ng insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts<span class=\"_ _0\"></span>, if the ent<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y entere<span class=\"_ _0\"></span>d into the relate<span class=\"_ _0\"></span>d reinsu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce </span></span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs26e\">con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>t<span class=\"_ gsec\"> </span>he<span class=\"_ _0\"></span>ld in the gro<span class=\"_ _0\"></span>up of reinsu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts he<span class=\"_ _0\"></span>ld at or before th<span class=\"_ _0\"></span>at date.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff3 fs5 fc1 sc0 ls9 ws15 gs26f\">\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">meas<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t of the cash fl<span class=\"_ _0\"></span>ows incl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>s an allowan<span class=\"_ _0\"></span>ce on a prob<span class=\"_ _0\"></span>abili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>weigh<span class=\"_ _0\"></span>ted basis for the ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t of any non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>man<span class=\"_ _0\"></span>ce by the rei<span class=\"_ _0\"></span>nsure<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>, </span></div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs270\">inc<span class=\"_ _0\"></span>ludi<span class=\"_ _0\"></span>ng th<span class=\"_ _0\"></span>e ef<span class=\"_ _0\"></span>fects of c<span class=\"_ _0\"></span>oll<span class=\"_ _0\"></span>ateral an<span class=\"_ _0\"></span>d los<span class=\"_ _0\"></span>ses f<span class=\"_ _0\"></span>rom dis<span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>tes<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws15 gs271\">\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">the G<span class=\"_ _0\"></span>roup d<span class=\"_ _0\"></span>eter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>es the r<span class=\"_ _0\"></span>isk ad<span class=\"_ _0\"></span>just<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t for no<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-f<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial ris<span class=\"_ _0\"></span>k so tha<span class=\"_ _0\"></span>t it re<span class=\"_ _0\"></span>prese<span class=\"_ _0\"></span>nts th<span class=\"_ _0\"></span>e am<span class=\"_ _0\"></span>ount of r<span class=\"_ _0\"></span>isk b<span class=\"_ _0\"></span>ein<span class=\"_ _0\"></span>g tran<span class=\"_ _0\"></span>sferre<span class=\"_ _0\"></span>d to the rei<span class=\"_ _0\"></span>nsu<span class=\"_ _0\"></span>rer<span class=\"_ _3b2\"> </span></span></div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws15 gs272\">\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">both d<span class=\"_ _0\"></span>ay one g<span class=\"_ _0\"></span>ains an<span class=\"_ _0\"></span>d day on<span class=\"_ _0\"></span>e los<span class=\"_ _0\"></span>ses a<span class=\"_ _0\"></span>re not re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d at ini<span class=\"_ _0\"></span>tial re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>n in th<span class=\"_ _0\"></span>e statem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t of fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial po<span class=\"_ _0\"></span>siti<span class=\"_ _0\"></span>on b<span class=\"_ _0\"></span>ut are d<span class=\"_ _0\"></span>efer<span class=\"_ _0\"></span>red in<span class=\"_ _0\"></span>to </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs273\">the<span class=\"_ gsec\"> </span>C<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>M and rel<span class=\"_ _0\"></span>ease<span class=\"_ _0\"></span>d to profit o<span class=\"_ _0\"></span>r loss as the rei<span class=\"_ _0\"></span>nsure<span class=\"_ _0\"></span>r rend<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>es, exc<span class=\"_ _0\"></span>ept for any po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of a day 1 <span class=\"_ _1\"></span>loss th<span class=\"_ _0\"></span>at relates to events before<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs274\">init<span class=\"_ _0\"></span>ial<span class=\"_ gsec\"> </span>re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnit<span class=\"_ _0\"></span>ion<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff3 fs5 fc1 sc0 ls9 ws15 gs275\">\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">if the rein<span class=\"_ _0\"></span>sura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t is reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed pr<span class=\"_ _0\"></span>ior to a loss<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>ki<span class=\"_ _0\"></span>ng und<span class=\"_ _0\"></span>erl<span class=\"_ _0\"></span>yi<span class=\"_ _0\"></span>ng co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>, the reins<span class=\"_ _0\"></span>ura<span class=\"_ _0\"></span>nce C<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>M can b<span class=\"_ _0\"></span>e adjuste<span class=\"_ _0\"></span>d to o<span class=\"_ _1\"></span>f<span class=\"_ _0\"></span>fset a po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs276\">the inc<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>tion lo<span class=\"_ _0\"></span>ss (the los<span class=\"_ _0\"></span>s rec<span class=\"_ _0\"></span>over<span class=\"_ _0\"></span>y co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ent). This of<span class=\"_ _0\"></span>fset<span class=\"_ _0\"></span>s a por<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on of the los<span class=\"_ _0\"></span>s rec<span class=\"_ _0\"></span>ogni<span class=\"_ _0\"></span>sed on in<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>n of the unde<span class=\"_ _0\"></span>rl<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g one<span class=\"_ _0\"></span>rous co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h59 ff11 fs5 fc2 sc0 ls18 ws32 gs277\">Lo<span class=\"_ _0\"></span>ng te<span class=\"_ _0\"></span>rm in<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nc<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>ts \u2013 su<span class=\"_ _0\"></span>bse<span class=\"_ _0\"></span>q<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span>nt me<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs278\">Th<span class=\"_ _0\"></span>e Group m<span class=\"_ _0\"></span>easu<span class=\"_ _0\"></span>res the ca<span class=\"_ _0\"></span>rr<span class=\"_ _3\"></span>ying am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t of a <span class=\"_ _1\"></span>grou<span class=\"_ _0\"></span>p of insura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>ts at the end of eac<span class=\"_ _0\"></span>h repo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng per<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d as the sum of:<span class=\"_ _0\"></span> </div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs279\">(i) <span class=\"_ _36\"> </span> <span class=\"_ _17\"></span>th<span class=\"_ _0\"></span>e liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y fo<span class=\"_ _0\"></span>r remai<span class=\"_ _0\"></span>nin<span class=\"_ _0\"></span>g cover<span class=\"_ _0\"></span>age c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pri<span class=\"_ _0\"></span>sing f<span class=\"_ _0\"></span>ulf<span class=\"_ _0\"></span>ilm<span class=\"_ _0\"></span>ent c<span class=\"_ _0\"></span>ash f<span class=\"_ _0\"></span>lows re<span class=\"_ _0\"></span>lated to fu<span class=\"_ _0\"></span>ture se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce al<span class=\"_ _0\"></span>loc<span class=\"_ _0\"></span>ated to the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p at that da<span class=\"_ _0\"></span>te and the C<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>M </div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs27a\">of the Gro<span class=\"_ _0\"></span>up at th<span class=\"_ _0\"></span>at date<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs27b\">(ii) <span class=\"_ _c\"> </span>t<span class=\"_ _0\"></span>he liabi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y for inc<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>red cla<span class=\"_ _0\"></span>ims for the Gro<span class=\"_ _0\"></span>up ref<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>ctin<span class=\"_ _0\"></span>g the fulf<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t cash f<span class=\"_ _0\"></span>lows related to past se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce all<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>ated to the Group at that date.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h58 ff9 fs5 fc1 sc0 ls87 ws4a gs27c\">Contractual ser<span class=\"_ _0\"></span>vice margin \u2013<span class=\"_ _1\"></span> measurement<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs27d\">Th<span class=\"_ _0\"></span>e C<span class=\"_ _0\"></span>SM at t<span class=\"_ _0\"></span>he en<span class=\"_ _0\"></span>d of the re<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d rep<span class=\"_ _0\"></span>rese<span class=\"_ _0\"></span>nts th<span class=\"_ _0\"></span>e prof<span class=\"_ _0\"></span>it in t<span class=\"_ _0\"></span>he gro<span class=\"_ _0\"></span>up of ins<span class=\"_ _0\"></span>ura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts th<span class=\"_ _0\"></span>at has not ye<span class=\"_ _0\"></span>t be<span class=\"_ _0\"></span>en re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed in p<span class=\"_ _0\"></span>rof<span class=\"_ _0\"></span>it or<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs27e\">loss<span class=\"_ _0\"></span>, be<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>use it rel<span class=\"_ _0\"></span>ates to future ser<span class=\"_ _3\"></span>vic<span class=\"_ _0\"></span>e to be provide<span class=\"_ _0\"></span>d.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs27f\">For a G<span class=\"_ _0\"></span>roup of i<span class=\"_ _0\"></span>nsur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts th<span class=\"_ _0\"></span>e ca<span class=\"_ _0\"></span>rr<span class=\"_ _3\"></span>ying a<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt of the C<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>M of tha<span class=\"_ _0\"></span>t grou<span class=\"_ _0\"></span>p at the e<span class=\"_ _0\"></span>nd of the r<span class=\"_ _0\"></span>epo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>od e<span class=\"_ _0\"></span>qual<span class=\"_ _0\"></span>s the c<span class=\"_ _0\"></span>arr<span class=\"_ _3\"></span>yin<span class=\"_ _0\"></span>g amo<span class=\"_ _0\"></span>unt </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs280\">at<span class=\"_ gsec\"> </span>the be<span class=\"_ _0\"></span>gin<span class=\"_ _0\"></span>ning of the re<span class=\"_ _0\"></span>por<span class=\"_ _3\"></span>ting pe<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>od adju<span class=\"_ _0\"></span>sted for<span class=\"_ _0\"></span>:<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws15 gs281\">\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">the ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t of any ne<span class=\"_ _0\"></span>w con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts ad<span class=\"_ _0\"></span>ded<span class=\"_ _3b2\"> </span></span></div><div class=\"t m2 ha ff3 fs5 fc1 sc0 ls9 ws15 gs282\">\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">interes<span class=\"_ _0\"></span>t acc<span class=\"_ _0\"></span>reted on th<span class=\"_ _0\"></span>e car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>yi<span class=\"_ _0\"></span>ng amo<span class=\"_ _0\"></span>unt of the C<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>M duri<span class=\"_ _0\"></span>ng the rep<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>ting pe<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>, measu<span class=\"_ _0\"></span>red at the dis<span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>nt rates at initi<span class=\"_ _0\"></span>al rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>n<span class=\"_ _3b2\"> </span></span></div><div class=\"t m2 ha ff3 fs5 fc1 sc0 ls9 ws15 gs283\">\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>s in fulf<span class=\"_ _0\"></span>ilm<span class=\"_ _0\"></span>ent ca<span class=\"_ _0\"></span>sh fl<span class=\"_ _0\"></span>ows relatin<span class=\"_ _0\"></span>g to future ser<span class=\"_ _3\"></span>vic<span class=\"_ _0\"></span>e, exce<span class=\"_ _0\"></span>pt to the exten<span class=\"_ _0\"></span>t that<span class=\"_ _0\"></span>:</span></div><div class=\"t m2 ha ff3 fs5 fc1 sc0 ls1 ws0 gs284\"> <span class=\"_ _9f\"></span><span class=\"ff4\">\u2212<span class=\"_ _21\"> </span><span class=\"ls9 ws15\">such in<span class=\"_ _0\"></span>crea<span class=\"_ _0\"></span>ses in the fu<span class=\"_ _0\"></span>lf<span class=\"_ _0\"></span>ilme<span class=\"_ _0\"></span>nt cas<span class=\"_ _0\"></span>h flows exce<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d the cur<span class=\"_ _0\"></span>rent c<span class=\"_ _0\"></span>arr<span class=\"_ _3\"></span>yin<span class=\"_ _0\"></span>g amou<span class=\"_ _0\"></span>nt of the CS<span class=\"_ _0\"></span>M<span class=\"_ _0\"></span>, givi<span class=\"_ _0\"></span>ng ris<span class=\"_ _0\"></span>e to <span class=\"_ _1\"></span>a loss<span class=\"_ _0\"></span>; or</span></span></div><div class=\"t m2 ha ff3 fs5 fc1 sc0 ls1 ws0 gs285\"> <span class=\"_ _9f\"></span><span class=\"ff4\">\u2212<span class=\"_ _21\"> </span><span class=\"ff3 ls9\">such d<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>rease<span class=\"_ _0\"></span>s in th<span class=\"_ _0\"></span>e fulf<span class=\"_ _0\"></span>ilm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t cas<span class=\"_ _0\"></span>h fl<span class=\"_ _0\"></span>ows are allo<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>ted to the lo<span class=\"_ _0\"></span>ss co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ent of th<span class=\"_ _0\"></span>e liabi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y for re<span class=\"_ _0\"></span>mai<span class=\"_ _0\"></span>ning c<span class=\"_ _0\"></span>over<span class=\"_ _0\"></span>age<span class=\"_ _3b2\"> </span></span></span></div><div class=\"t m2 ha ff3 fs5 fc1 sc0 ls9 ws15 gs286\">\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">the am<span class=\"_ _0\"></span>ount re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed as insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce reven<span class=\"_ _0\"></span>ue be<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>use of the tran<span class=\"_ _0\"></span>sfer of ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ice<span class=\"_ _0\"></span>s in the pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d, de<span class=\"_ _0\"></span>term<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d by alloc<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of the CS<span class=\"_ _0\"></span>M at the end<span class=\"_ _0\"></span> </span></div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs287\">of the pe<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>od over t<span class=\"_ _0\"></span>he cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nt an<span class=\"_ _0\"></span>d rema<span class=\"_ _0\"></span>inin<span class=\"_ _0\"></span>g cover<span class=\"_ _0\"></span>age p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iod<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff3 fs5 fc1 sc0 ls9 ws15 gs288\">\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">the ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t of any curren<span class=\"_ _0\"></span>cy exch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e dif<span class=\"_ _0\"></span>feren<span class=\"_ _0\"></span>ces o<span class=\"_ _0\"></span>n the C<span class=\"_ _0\"></span>SM<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs289\">Th<span class=\"_ _0\"></span>e chan<span class=\"_ _0\"></span>ges in ful<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>lme<span class=\"_ _0\"></span>nt cas<span class=\"_ _0\"></span>h flows rel<span class=\"_ _0\"></span>ating to futu<span class=\"_ _0\"></span>re ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e that adjus<span class=\"_ _0\"></span>t the C<span class=\"_ _0\"></span>SM c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>ris<span class=\"_ _0\"></span>e:<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws15 gs28a\">\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">exp<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ce adj<span class=\"_ _0\"></span>ustm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s that ar<span class=\"_ _0\"></span>ise fr<span class=\"_ _0\"></span>om th<span class=\"_ _0\"></span>e dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en th<span class=\"_ _0\"></span>e pre<span class=\"_ _0\"></span>mium re<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ipts (net of refu<span class=\"_ _0\"></span>nds) and any re<span class=\"_ _0\"></span>lated c<span class=\"_ _0\"></span>ash f<span class=\"_ _0\"></span>lows su<span class=\"_ _0\"></span>ch as<span class=\"_ _0\"></span> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs28b\">insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce acq<span class=\"_ _0\"></span>uisi<span class=\"_ _0\"></span>tion c<span class=\"_ _0\"></span>ash f<span class=\"_ _0\"></span>lows and insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce pre<span class=\"_ _0\"></span>miu<span class=\"_ _0\"></span>m taxes and th<span class=\"_ _0\"></span>e estim<span class=\"_ _0\"></span>ate, at the be<span class=\"_ _0\"></span>ginn<span class=\"_ _0\"></span>ing of the pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d, of the am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ts expe<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d. </div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs28c\">Dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>es rel<span class=\"_ _0\"></span>ated to prem<span class=\"_ _0\"></span>iums re<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ive<span class=\"_ _0\"></span>d (or due) in resp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t of cur<span class=\"_ _0\"></span>rent o<span class=\"_ _0\"></span>r pas<span class=\"_ _0\"></span>t ser<span class=\"_ _3\"></span>vice<span class=\"_ _0\"></span>s are re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed im<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>diatel<span class=\"_ _0\"></span>y in prof<span class=\"_ _0\"></span>it o<span class=\"_ _0\"></span>r los<span class=\"_ _0\"></span>s whil<span class=\"_ _0\"></span>e </div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs28d\">dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>s relate<span class=\"_ _0\"></span>d to premi<span class=\"_ _0\"></span>ums re<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ived (or du<span class=\"_ _0\"></span>e) for futu<span class=\"_ _0\"></span>re ser<span class=\"_ _3\"></span>vice<span class=\"_ _0\"></span>s are ad<span class=\"_ _0\"></span>justed i<span class=\"_ _0\"></span>n the C<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>M<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff3 fs5 fc1 sc0 ls9 ws15 gs28e\">\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>s in estim<span class=\"_ _0\"></span>ates of the presen<span class=\"_ _0\"></span>t value of futu<span class=\"_ _0\"></span>re cash f<span class=\"_ _0\"></span>lows in the lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y for remain<span class=\"_ _0\"></span>ing cove<span class=\"_ _0\"></span>rag<span class=\"_ _0\"></span>e, exce<span class=\"_ _0\"></span>pt thos<span class=\"_ _0\"></span>e relatin<span class=\"_ _0\"></span>g to the time value<span class=\"_ _0\"></span> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs28f\">of<span class=\"_ gsec\"> </span>mon<span class=\"_ _0\"></span>ey and ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>es in fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>ial ris<span class=\"_ _0\"></span>k (which are instea<span class=\"_ _0\"></span>d reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed in th<span class=\"_ _0\"></span>e stateme<span class=\"_ _0\"></span>nt of profi<span class=\"_ _0\"></span>t or los<span class=\"_ _0\"></span>s and othe<span class=\"_ _0\"></span>r com<span class=\"_ _0\"></span>pre<span class=\"_ _0\"></span>hen<span class=\"_ _0\"></span>sive inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e)<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws15 gs290\">\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>s be<span class=\"_ _0\"></span>twe<span class=\"_ _0\"></span>en a<span class=\"_ _0\"></span>ny investm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t co<span class=\"_ _0\"></span>mpo<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>nt exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted to be<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me pay<span class=\"_ _0\"></span>able i<span class=\"_ _0\"></span>n the p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iod a<span class=\"_ _0\"></span>nd th<span class=\"_ _0\"></span>e actu<span class=\"_ _0\"></span>al inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ent t<span class=\"_ _0\"></span>hat </span></div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs291\">be<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>mes p<span class=\"_ _0\"></span>ayabl<span class=\"_ _0\"></span>e in the p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff3 fs5 fc1 sc0 ls9 ws15 gs292\">\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>s in the risk adju<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent for no<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-f<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial ris<span class=\"_ _0\"></span>k that relate to future se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce.<span class=\"_ _3b2\"> </span></span></div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs293\">Adjus<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nts to the C<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>M n<span class=\"_ _0\"></span>oted above a<span class=\"_ _0\"></span>re mea<span class=\"_ _0\"></span>sure<span class=\"_ _0\"></span>d at disc<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nt rates th<span class=\"_ _0\"></span>at refl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t the c<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>acter<span class=\"_ _0\"></span>isti<span class=\"_ _0\"></span>cs of th<span class=\"_ _0\"></span>e cas<span class=\"_ _0\"></span>h fl<span class=\"_ _0\"></span>ows of the gro<span class=\"_ _0\"></span>up of ins<span class=\"_ _0\"></span>ura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs294\">con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts at initi<span class=\"_ _0\"></span>al rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>on (i.e<span class=\"_ _0\"></span>. the weighte<span class=\"_ _0\"></span>d average of the rates ap<span class=\"_ _0\"></span>plic<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e at the date of initial rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nit<span class=\"_ _0\"></span>ion of con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts that joi<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>d a group </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs295\">over a 1<span class=\"_ _1\"></span>2-<span class=\"_ _0\"></span>mon<span class=\"_ _0\"></span>th per<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d).<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h58 ff9 fs5 fc1 sc0 ls87 ws4a gs297\">Onerous contracts<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs298\">Grou<span class=\"_ _0\"></span>ps of co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts th<span class=\"_ _0\"></span>at were n<span class=\"_ _0\"></span>ot one<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>s at ini<span class=\"_ _0\"></span>tial re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>tion c<span class=\"_ _0\"></span>an su<span class=\"_ _0\"></span>bse<span class=\"_ _0\"></span>que<span class=\"_ _0\"></span>ntl<span class=\"_ _0\"></span>y be<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me o<span class=\"_ _0\"></span>nero<span class=\"_ _0\"></span>us if as<span class=\"_ _0\"></span>sum<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>ns and ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e ex<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>guis<span class=\"_ _0\"></span>h the<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 lsd ws7f gs299\">C<span class=\"_ _0\"></span>SM<span class=\"_ _0\"></span>. In this case, the Grou<span class=\"_ _0\"></span>p estab<span class=\"_ _0\"></span>lishe<span class=\"_ _0\"></span>s a <span class=\"_ _1\"></span>los<span class=\"_ _0\"></span>s comp<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ent for the futu<span class=\"_ _0\"></span>re losse<span class=\"_ _0\"></span>s reco<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d. Th<span class=\"_ _0\"></span>e loss co<span class=\"_ _0\"></span>mpo<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>nt is release<span class=\"_ _0\"></span>d based on a systemati<span class=\"_ _0\"></span>c </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs29a\">allo<span class=\"_ _0\"></span>cati<span class=\"_ _0\"></span>on of the subs<span class=\"_ _0\"></span>equ<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t chan<span class=\"_ _0\"></span>ges in the fu<span class=\"_ _0\"></span>lf<span class=\"_ _0\"></span>ilm<span class=\"_ _0\"></span>ent cas<span class=\"_ _0\"></span>h fl<span class=\"_ _0\"></span>ows to: <span class=\"_ _1\"></span>(i) the lo<span class=\"_ _0\"></span>ss co<span class=\"_ _0\"></span>mpo<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>; and (ii) the lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y for remain<span class=\"_ _0\"></span>ing cove<span class=\"_ _0\"></span>rag<span class=\"_ _0\"></span>e excludi<span class=\"_ _0\"></span>ng </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs29b\">the los<span class=\"_ _0\"></span>s com<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>nt. T<span class=\"_ _0\"></span>he los<span class=\"_ _0\"></span>s com<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>nt is also upda<span class=\"_ _0\"></span>ted for subse<span class=\"_ _0\"></span>que<span class=\"_ _0\"></span>nt ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>es in esti<span class=\"_ _0\"></span>mates of the fulf<span class=\"_ _0\"></span>ilm<span class=\"_ _0\"></span>ent c<span class=\"_ _0\"></span>ash fl<span class=\"_ _0\"></span>ows related to futu<span class=\"_ _0\"></span>re </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs29c\">ser<span class=\"_ _3\"></span>vice<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e systemat<span class=\"_ _0\"></span>ic allo<span class=\"_ _0\"></span>cati<span class=\"_ _0\"></span>on of subse<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>ent ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>es to the loss co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ent res<span class=\"_ _0\"></span>ults in th<span class=\"_ _0\"></span>e total amoun<span class=\"_ _0\"></span>ts allo<span class=\"_ _0\"></span>cated to the los<span class=\"_ _0\"></span>s com<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>nen<span class=\"_ _0\"></span>t </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs29d\">bei<span class=\"_ _0\"></span>ng equ<span class=\"_ _0\"></span>al to zero by the end of the covera<span class=\"_ _0\"></span>ge pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d of a group of contr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>s (<span class=\"_ _1\"></span>sinc<span class=\"_ _0\"></span>e the los<span class=\"_ _0\"></span>s com<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>nt will have material<span class=\"_ _0\"></span>ised in th<span class=\"_ _0\"></span>e form of </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs29e\">inc<span class=\"_ _0\"></span>urre<span class=\"_ _0\"></span>d clai<span class=\"_ _0\"></span>ms). The loss co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ent en<span class=\"_ _0\"></span>sure<span class=\"_ _0\"></span>s that over the dur<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of the contr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t, the c<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>t amou<span class=\"_ _0\"></span>nts are rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d as insur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e revenu<span class=\"_ _0\"></span>e </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs29f\">and ins<span class=\"_ _0\"></span>uran<span class=\"_ _0\"></span>ce se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce exp<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h58 ff9 fs5 fc1 sc0 ls18 ws0 gs2a0\">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 se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e ma<span class=\"_ _0\"></span>rg<span class=\"_ _0\"></span>in (C<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>M) \u2013 r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>gn<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n<span class=\"_ _3b2\"> </span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs2a1\">Th<span class=\"_ _0\"></span>e amou<span class=\"_ _0\"></span>nt of CS<span class=\"_ _0\"></span>M rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in the inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e statem<span class=\"_ _0\"></span>ent for a grou<span class=\"_ _0\"></span>p of insuran<span class=\"_ _0\"></span>ce co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>acts ref<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>cts th<span class=\"_ _0\"></span>e insur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>ct ser<span class=\"_ _3\"></span>vic<span class=\"_ _0\"></span>es provi<span class=\"_ _0\"></span>ded<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs2a2\">prop<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>tion of the C<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>M earn<span class=\"_ _0\"></span>ed is cal<span class=\"_ _0\"></span>cul<span class=\"_ _0\"></span>ated as the amo<span class=\"_ _0\"></span>unt of cover<span class=\"_ _0\"></span>age un<span class=\"_ _0\"></span>its prov<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>d in the per<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d divid<span class=\"_ _0\"></span>ed by the su<span class=\"_ _0\"></span>m of<span class=\"_ gsec\"> </span>all<span class=\"_ gsec\"> </span>the fu<span class=\"_ _0\"></span>ture and cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nt </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs2a3\">per<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d cover<span class=\"_ _0\"></span>age uni<span class=\"_ _0\"></span>ts. T<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up has el<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted to discou<span class=\"_ _0\"></span>nt the fu<span class=\"_ _0\"></span>ture cove<span class=\"_ _0\"></span>rag<span class=\"_ _0\"></span>e units in this c<span class=\"_ _0\"></span>alc<span class=\"_ _0\"></span>ulatio<span class=\"_ _0\"></span>n. T<span class=\"_ _0\"></span>he tab<span class=\"_ _0\"></span>le be<span class=\"_ _0\"></span>low<span class=\"_ gsec\"> </span>ind<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ates the main<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs2a4\">insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces pr<span class=\"_ _0\"></span>ovide<span class=\"_ _0\"></span>d und<span class=\"_ _0\"></span>er the G<span class=\"_ _0\"></span>roup\u2019s insu<span class=\"_ _0\"></span>ranc<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts and se<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>cted c<span class=\"_ _0\"></span>overag<span class=\"_ _0\"></span>e uni<span class=\"_ _0\"></span>t(s<span class=\"_ _1\"></span>) used to<span class=\"_ gsec\"> </span>measu<span class=\"_ _0\"></span>re those se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ice<span class=\"_ _0\"></span>s.<span class=\"_ _3b2\"> </span></div><div class=\"gs2a5\"><table class=\"s wf0 h127\" id=\"_64f25476-3f0c-4aa9-bef1-c004d3f366d4\"><tr><td class=\"c n x1cb y4152 wf1 h128\"><div class=\"t m0 x1ca h13 y4151 ff6 fs9 fc1 sc0 ls37 ws7\">Insurance <span class=\"_ _1\"></span>contract<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3ea y4152 wf2 h128\"><div class=\"t m0 x1ca h13 y4151 ff6 fs9 fc1 sc0 ls3d ws131\">Insurance service<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3eb y4152 wf3 h128\"><div class=\"t m0 x1ca h13 y4151 ff6 fs9 fc1 sc0 ls18 ws32\">Cov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ge un<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>(s)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4153 wf4 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 lsea ws27\">Immediate annuity<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3ec y4153 wf5 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Payment of<span class=\"_ _1\"></span> insurance claims<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3ed y4153 wf6 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted a<span class=\"_ _0\"></span>nnu<span class=\"_ _0\"></span>al c<span class=\"_ _0\"></span>lai<span class=\"_ _0\"></span>ms pay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4154 wf7 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Deferred annuity<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3ee y4154 wf8 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">P<span class=\"_ _0\"></span>aym<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t of ins<span class=\"_ _0\"></span>ura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e cl<span class=\"_ _0\"></span>aim<span class=\"_ _0\"></span>s (p<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt ph<span class=\"_ _0\"></span>ase)<span class=\"_ _3b2\"> </span></div></td><td class=\"t m0 x3ef h1a y4155 ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted a<span class=\"_ _0\"></span>nnu<span class=\"_ _0\"></span>al c<span class=\"_ _0\"></span>lai<span class=\"_ _0\"></span>ms pay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s </td></tr><tr><td></td><td class=\"t m0 x3f0 h1a y4156 ff3 fs6 fc1 sc0 ls56 ws0\">Inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t retu<span class=\"_ _0\"></span>rn s<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>vic<span class=\"_ _0\"></span>e (defer<span class=\"_ _0\"></span>ral p<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>se)<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x3ef h1a y4156 ff3 fs6 fc1 sc0 ls10e ws54\">Exp<span class=\"_ _0\"></span>ected inv<span class=\"_ _1\"></span>estment return on<span class=\"_ _1\"></span> backing assets<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m0 x3f0 h1a y4157 ff3 fs6 fc1 sc0 ls56 ws0\">Lum<span class=\"_ _0\"></span>p su<span class=\"_ _0\"></span>m de<span class=\"_ _0\"></span>ath b<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>its (defe<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>al p<span class=\"_ _0\"></span>has<span class=\"_ _0\"></span>e)<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x3ef h1a y4157 ff3 fs6 fc1 sc0 ls10e ws54\">Sum assured<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y4121 wf9 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls149 ws29\">Longevi<span class=\"_ _0\"></span>ty swaps<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3f1 y4121 wfa h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Pay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt of f<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ng l<span class=\"_ _0\"></span>eg of sw<span class=\"_ _0\"></span>ap<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3ed y4121 wfb h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted a<span class=\"_ _0\"></span>nnu<span class=\"_ _0\"></span>al f<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ng le<span class=\"_ _0\"></span>g pay<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4158 wfc h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls112 ws1e\">Retail Protectio<span class=\"_ _0\"></span>n<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3f2 y4158 wfd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls113 ws5b\">Potent<span class=\"_ _1\"></span>ial mortality or<span class=\"_ _1\"></span> morbidity cla<span class=\"_ _1\"></span>ims<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3f3 y4158 wfe h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10e ws54\">Sum assured<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae wff h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls113 ws5b\">Group P<span class=\"_ _1\"></span>rot<span class=\"_ _1\"></span>ection<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3f4 y40ae w100 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls113 ws5b\">Pot<span class=\"_ _1\"></span>ential<span class=\"_ _1\"></span> mortality or morbid<span class=\"_ _1\"></span>ity claims<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3f5 y40ae wfe h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10e ws54\">Sum assured<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs2a6\">Wh<span class=\"_ _0\"></span>ere a spe<span class=\"_ _0\"></span>cif<span class=\"_ _0\"></span>ic un<span class=\"_ _0\"></span>it of acc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t cont<span class=\"_ _0\"></span>ains a mix<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>re of ser<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces<span class=\"_ _0\"></span>, and th<span class=\"_ _0\"></span>erefore c<span class=\"_ _0\"></span>overa<span class=\"_ _0\"></span>ge uni<span class=\"_ _0\"></span>ts, it is ne<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ssa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y to weight the cove<span class=\"_ _0\"></span>rag<span class=\"_ _0\"></span>e unit<span class=\"_ _0\"></span>s so that </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs2a7\">the resu<span class=\"_ _0\"></span>ltin<span class=\"_ _0\"></span>g prof<span class=\"_ _0\"></span>ile of CS<span class=\"_ _0\"></span>M rel<span class=\"_ _0\"></span>ease ref<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>cts the ove<span class=\"_ _0\"></span>rall pac<span class=\"_ _0\"></span>kag<span class=\"_ _0\"></span>e of benef<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ts provid<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>. This is par<span class=\"_ _3\"></span>ticul<span class=\"_ _0\"></span>arl<span class=\"_ _0\"></span>y per<span class=\"_ _3\"></span>tine<span class=\"_ _0\"></span>nt to units of acc<span class=\"_ _0\"></span>ount in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ating<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs2a8\">a com<span class=\"_ _0\"></span>binat<span class=\"_ _0\"></span>ion of imm<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>ate and deferre<span class=\"_ _0\"></span>d annu<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>es. Un<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r IFR<span class=\"_ _0\"></span>S 1<span class=\"_ _1\"></span>7<span class=\"_ _4\"></span>, defer<span class=\"_ _0\"></span>red ann<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>ies usu<span class=\"_ _0\"></span>ally prov<span class=\"_ _0\"></span>ide mu<span class=\"_ _0\"></span>ltip<span class=\"_ _0\"></span>le ser<span class=\"_ _3\"></span>vic<span class=\"_ _0\"></span>es, s<span class=\"_ _0\"></span>plit b<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n the two<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs2a9\">phas<span class=\"_ _0\"></span>es of benef<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t provisi<span class=\"_ _0\"></span>on (the defer<span class=\"_ _0\"></span>ral ph<span class=\"_ _0\"></span>ase and th<span class=\"_ _0\"></span>e payme<span class=\"_ _0\"></span>nt pha<span class=\"_ _0\"></span>se). <span class=\"_ _1\"></span>Ju<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt is therefo<span class=\"_ _0\"></span>re requi<span class=\"_ _0\"></span>red to com<span class=\"_ _0\"></span>bin<span class=\"_ _0\"></span>e the dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nt cover<span class=\"_ _0\"></span>age uni<span class=\"_ _0\"></span>ts </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs2aa\">so that the<span class=\"_ _0\"></span>y fairly ref<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>ct th<span class=\"_ _0\"></span>e ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ice<span class=\"_ _0\"></span>s provid<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>. The wei<span class=\"_ _0\"></span>ghtin<span class=\"_ _0\"></span>g bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en the defe<span class=\"_ _0\"></span>rra<span class=\"_ _0\"></span>l phase an<span class=\"_ _0\"></span>d the paym<span class=\"_ _0\"></span>ent ph<span class=\"_ _0\"></span>ase cove<span class=\"_ _0\"></span>rag<span class=\"_ _0\"></span>e units is cal<span class=\"_ _0\"></span>cul<span class=\"_ _0\"></span>ated so </div><div class=\"t m0 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs2ab\">that th<span class=\"_ _0\"></span>e ser<span class=\"_ _3\"></span>vic<span class=\"_ _0\"></span>es prov<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e defer<span class=\"_ _0\"></span>ral ph<span class=\"_ _0\"></span>ase ref<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>ct th<span class=\"_ _0\"></span>e inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt retu<span class=\"_ _0\"></span>rn p<span class=\"_ _0\"></span>rovid<span class=\"_ _0\"></span>ed an<span class=\"_ _0\"></span>d the p<span class=\"_ _0\"></span>roba<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y weigh<span class=\"_ _0\"></span>ted del<span class=\"_ _0\"></span>iver<span class=\"_ _3\"></span>y of any lump s<span class=\"_ _0\"></span>um de<span class=\"_ _0\"></span>ath </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs2ac\">ben<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>its<span class=\"_ _0\"></span>, both adju<span class=\"_ _0\"></span>sted so that all of the C<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>M is earn<span class=\"_ _0\"></span>ed in the de<span class=\"_ _0\"></span>ferr<span class=\"_ _0\"></span>al phase for all co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>acts whi<span class=\"_ _0\"></span>ch do not e<span class=\"_ _0\"></span>nter the paym<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t phase ei<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r throu<span class=\"_ _0\"></span>gh </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs2ad\">tran<span class=\"_ _0\"></span>sfer out<span class=\"_ _0\"></span>, with<span class=\"_ _0\"></span>drawal of fun<span class=\"_ _0\"></span>ds or deat<span class=\"_ _0\"></span>h.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h58 ff9 fs5 fc1 sc0 lsf ws38 gs2ae\">Inv<span class=\"_ _1\"></span>estment components<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs2af\">Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p ide<span class=\"_ _0\"></span>ntif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s the inve<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>nen<span class=\"_ _0\"></span>t of a con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>t by de<span class=\"_ _0\"></span>termi<span class=\"_ _0\"></span>ning t<span class=\"_ _0\"></span>he am<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nt that i<span class=\"_ _0\"></span>t would b<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>quire<span class=\"_ _0\"></span>d to repay to the p<span class=\"_ _0\"></span>oli<span class=\"_ _0\"></span>cyh<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>der i<span class=\"_ _0\"></span>n </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs2b0\">all sce<span class=\"_ _0\"></span>nar<span class=\"_ _0\"></span>ios wit<span class=\"_ _0\"></span>h com<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>rcial su<span class=\"_ _0\"></span>bst<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e. Invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt com<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>nts are not inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>ed in ins<span class=\"_ _0\"></span>uran<span class=\"_ _0\"></span>ce reve<span class=\"_ _0\"></span>nue an<span class=\"_ _0\"></span>d insur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e ser<span class=\"_ _3\"></span>vice ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nses<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h58 ff9 fs5 fc1 sc0 ls38 ws3b gs2b1\">Insurance finance income<span class=\"_ _1\"></span> and e<span class=\"_ _1\"></span>xpense<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs2b2\">Insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nce i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e and ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nses c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pri<span class=\"_ _0\"></span>se ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>es in th<span class=\"_ _0\"></span>e car<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>nts of gro<span class=\"_ _0\"></span>ups of in<span class=\"_ _0\"></span>sura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts ar<span class=\"_ _0\"></span>isin<span class=\"_ _0\"></span>g from t<span class=\"_ _0\"></span>he ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>ts of </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs2b3\">the tim<span class=\"_ _0\"></span>e value of mon<span class=\"_ _0\"></span>ey, finan<span class=\"_ _0\"></span>cial r<span class=\"_ _0\"></span>isk and ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>es the<span class=\"_ _0\"></span>rein<span class=\"_ _0\"></span>. IFR<span class=\"_ _0\"></span>S 1<span class=\"_ _1\"></span>7 requir<span class=\"_ _0\"></span>es an acc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ting po<span class=\"_ _0\"></span>lic<span class=\"_ _0\"></span>y dec<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>n as to <span class=\"_ _1\"></span>whe<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r to recog<span class=\"_ _0\"></span>nise all fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>ce </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs2b4\">inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e or expe<span class=\"_ _0\"></span>nse in prof<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t or loss<span class=\"_ _0\"></span>, or whe<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r to disaggre<span class=\"_ _0\"></span>gate the inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e or exp<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>e that relates to chang<span class=\"_ _0\"></span>es in f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial as<span class=\"_ _0\"></span>sum<span class=\"_ _0\"></span>ption<span class=\"_ _0\"></span>s into other </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 lsd ws7f gs2b5\">co<span class=\"_ _0\"></span>mpre<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>nsive inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e. Fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e inco<span class=\"_ _0\"></span>me and exp<span class=\"_ _0\"></span>ense has be<span class=\"_ _0\"></span>en inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>ed in profi<span class=\"_ _0\"></span>t or loss for all <span class=\"_ _1\"></span>insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce prod<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>ts except for the Group\u2019s protecti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs2b6\">busi<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>s where it ha<span class=\"_ _0\"></span>s bee<span class=\"_ _0\"></span>n disag<span class=\"_ _0\"></span>gre<span class=\"_ _0\"></span>gated be<span class=\"_ _0\"></span>twe<span class=\"_ _0\"></span>en prof<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t and loss an<span class=\"_ _0\"></span>d other c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>preh<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>ive inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e. Wh<span class=\"_ _0\"></span>ere ins<span class=\"_ _0\"></span>uran<span class=\"_ _0\"></span>ce f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e inco<span class=\"_ _0\"></span>me an<span class=\"_ _0\"></span>d </div><div class=\"t m0 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs2b7\">exp<span class=\"_ _0\"></span>ense h<span class=\"_ _0\"></span>as be<span class=\"_ _0\"></span>en d<span class=\"_ _0\"></span>isag<span class=\"_ _0\"></span>greg<span class=\"_ _0\"></span>ated th<span class=\"_ _0\"></span>e amo<span class=\"_ _0\"></span>unt in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d in prof<span class=\"_ _0\"></span>it o<span class=\"_ _0\"></span>r lo<span class=\"_ _0\"></span>ss is de<span class=\"_ _0\"></span>term<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d by a syste<span class=\"_ _0\"></span>matic al<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>catio<span class=\"_ _0\"></span>n of the ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d total insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs2b8\">fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>e inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e or exp<span class=\"_ _0\"></span>ense<span class=\"_ _0\"></span>s over the dur<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of the group of con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>, using th<span class=\"_ _0\"></span>e disco<span class=\"_ _0\"></span>unt rates de<span class=\"_ _0\"></span>term<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d on init<span class=\"_ _0\"></span>ial rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>niti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>. </div><div class=\"t m0 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs2b9\">Chan<span class=\"_ _0\"></span>ges i<span class=\"_ _0\"></span>n the r<span class=\"_ _0\"></span>isk ad<span class=\"_ _0\"></span>just<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t for no<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-f<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial ris<span class=\"_ _0\"></span>k have be<span class=\"_ _0\"></span>en di<span class=\"_ _0\"></span>sagg<span class=\"_ _0\"></span>reg<span class=\"_ _0\"></span>ated be<span class=\"_ _0\"></span>twe<span class=\"_ _0\"></span>en i<span class=\"_ _0\"></span>nsur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce res<span class=\"_ _0\"></span>ult a<span class=\"_ _0\"></span>nd ins<span class=\"_ _0\"></span>uran<span class=\"_ _0\"></span>ce f<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls14 wsad gs2ba\">and <span class=\"_ _1\"></span>expenses.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h59 ff11 fs5 fc2 sc0 ls18 ws32 gs2bb\">Rei<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nc<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>ts he<span class=\"_ _0\"></span>ld \u2013 su<span class=\"_ _0\"></span>bse<span class=\"_ _0\"></span>q<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span>nt m<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs2bc\">Th<span class=\"_ _0\"></span>e subs<span class=\"_ _0\"></span>equ<span class=\"_ _0\"></span>ent m<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>urem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t of reinsu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>ts he<span class=\"_ _0\"></span>ld follows t<span class=\"_ _0\"></span>he sa<span class=\"_ _0\"></span>me pr<span class=\"_ _0\"></span>inc<span class=\"_ _0\"></span>ipl<span class=\"_ _0\"></span>es as th<span class=\"_ _0\"></span>ose for i<span class=\"_ _0\"></span>nsur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts is<span class=\"_ _0\"></span>sue<span class=\"_ _0\"></span>d exce<span class=\"_ _0\"></span>pt that<span class=\"_ _0\"></span> </div><div class=\"t m0 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs2bd\">cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>s in the f<span class=\"_ _0\"></span>ulf<span class=\"_ _0\"></span>ilm<span class=\"_ _0\"></span>ent c<span class=\"_ _0\"></span>ash f<span class=\"_ _0\"></span>lows a<span class=\"_ _0\"></span>re rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in prof<span class=\"_ _0\"></span>it o<span class=\"_ _0\"></span>r los<span class=\"_ _0\"></span>s if th<span class=\"_ _0\"></span>e related c<span class=\"_ _0\"></span>han<span class=\"_ _0\"></span>ges a<span class=\"_ _0\"></span>risi<span class=\"_ _0\"></span>ng fro<span class=\"_ _0\"></span>m the u<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>rl<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g ce<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts are<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs2be\">rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d in profi<span class=\"_ _0\"></span>t or loss<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h58 ff9 fs5 fc2 sc0 ls14 ws1c gs2bf\">Derecognition<span class=\"_ _1\"></span> and con<span class=\"_ _1\"></span>tract modi<span class=\"_ _1\"></span>fication<span class=\"_ _1\"></span> of i<span class=\"_ _1\"></span>nsurance contra<span class=\"_ _1\"></span>cts<span class=\"_ _3b2\"> </span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls58 ws8a gs2c0\">Th<span class=\"_ _0\"></span>e Group de<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>s a contr<span class=\"_ _0\"></span>act wh<span class=\"_ _0\"></span>en it is ex<span class=\"_ _0\"></span>ting<span class=\"_ _0\"></span>uish<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>, i.e. whe<span class=\"_ _0\"></span>n the spe<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ed ob<span class=\"_ _0\"></span>ligati<span class=\"_ _0\"></span>ons in the c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act ex<span class=\"_ _0\"></span>pire or are disc<span class=\"_ _0\"></span>harg<span class=\"_ _0\"></span>ed or c<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ell<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs2c1\">Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p also d<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>es a co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>act if i<span class=\"_ _0\"></span>ts ter<span class=\"_ _0\"></span>ms are m<span class=\"_ _0\"></span>odi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ed in a way th<span class=\"_ _0\"></span>at woul<span class=\"_ _0\"></span>d have cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>d the a<span class=\"_ _0\"></span>cc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ting for t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act s<span class=\"_ _0\"></span>igni<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>can<span class=\"_ _0\"></span>tly </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs2c2\">had the ne<span class=\"_ _0\"></span>w terms always exis<span class=\"_ _0\"></span>ted, in whi<span class=\"_ _0\"></span>ch ca<span class=\"_ _0\"></span>se a new con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>t base<span class=\"_ _0\"></span>d on the mo<span class=\"_ _0\"></span>dif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d terms is rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d. If a con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>t mod<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ation do<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs2c3\">not<span class=\"_ gsec\"> </span>res<span class=\"_ _0\"></span>ult in de<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>niti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>, then th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p treats the ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>es in cas<span class=\"_ _0\"></span>h flows ca<span class=\"_ _0\"></span>use<span class=\"_ _0\"></span>d by the modi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>cati<span class=\"_ _0\"></span>on as cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>s in estim<span class=\"_ _0\"></span>ates of fulfil<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 lsb ws42 gs2c4\">cas<span class=\"_ _0\"></span>h<span class=\"_ gsec\"> </span>fl<span class=\"_ _0\"></span>ows.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h58 ff9 fs5 fc2 sc0 ls18 ws0 gs2c6\">Me<span class=\"_ _0\"></span>asu<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t o<span class=\"_ _0\"></span>n tr<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n to I<span class=\"_ _0\"></span>F<span class=\"_ _0\"></span>RS <span class=\"_ _0\"></span><span class=\"lsd ws7f\">17<span class=\"_ _3b2\"> </span></span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs2c7\">On tra<span class=\"_ _0\"></span>nsit<span class=\"_ _0\"></span>ion to IFR<span class=\"_ _0\"></span>S 1<span class=\"_ _1\"></span>7<span class=\"_ _4\"></span>, the insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>act lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ties were res<span class=\"_ _0\"></span>tated<span class=\"_ _0\"></span>, retros<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>vely ap<span class=\"_ _0\"></span>ply<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p\u2019s accou<span class=\"_ _0\"></span>ntin<span class=\"_ _0\"></span>g poli<span class=\"_ _0\"></span>cies<span class=\"_ _0\"></span>. In line wi<span class=\"_ _0\"></span>th the </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs2c8\">provis<span class=\"_ _0\"></span>ions avail<span class=\"_ _0\"></span>able in IF<span class=\"_ _0\"></span>RS 17<span class=\"_ _4\"></span>, the Grou<span class=\"_ _0\"></span>p appli<span class=\"_ _0\"></span>ed the fu<span class=\"_ _0\"></span>ll retros<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ve appro<span class=\"_ _0\"></span>ach un<span class=\"_ _0\"></span>les<span class=\"_ _0\"></span>s impr<span class=\"_ _0\"></span>acti<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span>. The fu<span class=\"_ _0\"></span>ll retros<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ve appro<span class=\"_ _0\"></span>ach re<span class=\"_ _0\"></span>quire<span class=\"_ _0\"></span>d </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs2c9\">the Gro<span class=\"_ _0\"></span>up to:<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff3 fs5 fc1 sc0 ls9 ws15 gs2ca\">\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">ide<span class=\"_ _0\"></span>ntif<span class=\"_ _0\"></span>y, reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>e and meas<span class=\"_ _0\"></span>ure eac<span class=\"_ _0\"></span>h grou<span class=\"_ _0\"></span>p of insuran<span class=\"_ _0\"></span>ce an<span class=\"_ _0\"></span>d reinsu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>acts as if IF<span class=\"_ _0\"></span>RS 1<span class=\"_ _1\"></span>7 had always app<span class=\"_ _0\"></span>lied<span class=\"_ _3b2\"> </span></span></div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws15 gs2cb\">\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">dere<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ogni<span class=\"_ _0\"></span>se any exi<span class=\"_ _0\"></span>stin<span class=\"_ _0\"></span>g bala<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>s that wo<span class=\"_ _0\"></span>uld not e<span class=\"_ _0\"></span>xist h<span class=\"_ _0\"></span>ad IF<span class=\"_ _0\"></span>RS 17 always appli<span class=\"_ _0\"></span>ed<span class=\"_ _3b2\"> </span></span></div><div class=\"t m2 ha ff3 fs5 fc1 sc0 ls9 ws15 gs2cc\">\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ise any resul<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g net dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e in equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y.<span class=\"_ _3b2\"> </span></span></div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs2cd\">If it was i<span class=\"_ _0\"></span>mpr<span class=\"_ _0\"></span>acti<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>ble to app<span class=\"_ _0\"></span>ly a fu<span class=\"_ _0\"></span>ll retro<span class=\"_ _0\"></span>sp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tive ap<span class=\"_ _0\"></span>proa<span class=\"_ _0\"></span>ch to a gro<span class=\"_ _0\"></span>up of co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts th<span class=\"_ _0\"></span>en th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up se<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>cted an a<span class=\"_ _0\"></span>ppr<span class=\"_ _0\"></span>oac<span class=\"_ _0\"></span>h bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en th<span class=\"_ _0\"></span>e mo<span class=\"_ _0\"></span>dif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs2ce\">retros<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ve appro<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>h and the fair valu<span class=\"_ _0\"></span>e appr<span class=\"_ _0\"></span>oac<span class=\"_ _0\"></span>h. If the Gro<span class=\"_ _0\"></span>up co<span class=\"_ _0\"></span>uld not o<span class=\"_ _0\"></span>btain reas<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>ble an<span class=\"_ _0\"></span>d supp<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>table infor<span class=\"_ _0\"></span>mat<span class=\"_ _0\"></span>ion ne<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ssa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y to apply<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs2cf\">the<span class=\"_ gsec\"> </span>m<span class=\"_ _0\"></span>odif<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ed retro<span class=\"_ _0\"></span>spe<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ive app<span class=\"_ _0\"></span>roac<span class=\"_ _0\"></span>h, th<span class=\"_ _0\"></span>en the fair val<span class=\"_ _0\"></span>ue app<span class=\"_ _0\"></span>roac<span class=\"_ _0\"></span>h was sele<span class=\"_ _0\"></span>cted<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h58 ff9 fs5 fc1 sc0 ls87 ws4a gs2d0\">Full<span class=\"_ _1\"></span> retrospective approach<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs2d1\">For ins<span class=\"_ _0\"></span>uran<span class=\"_ _0\"></span>ce an<span class=\"_ _0\"></span>d reinsu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>acts wh<span class=\"_ _0\"></span>ere th<span class=\"_ _0\"></span>e full retro<span class=\"_ _0\"></span>spe<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ve appr<span class=\"_ _0\"></span>oac<span class=\"_ _0\"></span>h was adopted<span class=\"_ _0\"></span>, the be<span class=\"_ _0\"></span>st esti<span class=\"_ _0\"></span>mate and ris<span class=\"_ _0\"></span>k adjust<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt com<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>nts </div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs2d2\">of fulf<span class=\"_ _0\"></span>ilm<span class=\"_ _0\"></span>ent c<span class=\"_ _0\"></span>ash f<span class=\"_ _0\"></span>lows we<span class=\"_ _0\"></span>re rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d and m<span class=\"_ _0\"></span>easu<span class=\"_ _0\"></span>red u<span class=\"_ _0\"></span>sing t<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up\u2019s acc<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nting p<span class=\"_ _0\"></span>oli<span class=\"_ _0\"></span>cie<span class=\"_ _0\"></span>s from t<span class=\"_ _0\"></span>he in<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>n date of the c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>s to the date </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls7 ws3d gs2d3\">of <span class=\"_ _1\"></span>tran<span class=\"_ _0\"></span>siti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>. The full <span class=\"_ _1\"></span>retro<span class=\"_ _0\"></span>spe<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ive approa<span class=\"_ _0\"></span>ch was <span class=\"_ _1\"></span>deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ed to <span class=\"_ _1\"></span>be imprac<span class=\"_ _0\"></span>tic<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e where: the effec<span class=\"_ _0\"></span>ts of <span class=\"_ _1\"></span>retrosp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tive appli<span class=\"_ _0\"></span>cati<span class=\"_ _0\"></span>on were not <span class=\"_ _1\"></span>deter<span class=\"_ _0\"></span>mina<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span> </div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs2d4\">be<span class=\"_ _0\"></span>cau<span class=\"_ _0\"></span>se infor<span class=\"_ _0\"></span>mati<span class=\"_ _0\"></span>on re<span class=\"_ _0\"></span>quire<span class=\"_ _0\"></span>d was not c<span class=\"_ _0\"></span>oll<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted (or not wit<span class=\"_ _0\"></span>h suf<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ici<span class=\"_ _0\"></span>ent g<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ular<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y);`<span class=\"_ _1\"></span>appl<span class=\"_ _0\"></span>icat<span class=\"_ _0\"></span>ion wo<span class=\"_ _0\"></span>uld re<span class=\"_ _0\"></span>quire t<span class=\"_ _0\"></span>he ap<span class=\"_ _0\"></span>plic<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of hind<span class=\"_ _0\"></span>sigh<span class=\"_ _0\"></span>t; o<span class=\"_ _0\"></span>r </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs2d5\">inform<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n was unavailab<span class=\"_ _0\"></span>le be<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>use of system mig<span class=\"_ _0\"></span>ratio<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>, data retenti<span class=\"_ _0\"></span>on req<span class=\"_ _0\"></span>uire<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts or othe<span class=\"_ _0\"></span>r reaso<span class=\"_ _0\"></span>ns.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h58 ff9 fs5 fc1 sc0 ls87 ws4a gs2d6\">Modified retrospective approach<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs2d7\">Th<span class=\"_ _0\"></span>e obje<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ive of the m<span class=\"_ _0\"></span>odi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ed re<span class=\"_ _0\"></span>trosp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tive a<span class=\"_ _0\"></span>ppro<span class=\"_ _0\"></span>ach i<span class=\"_ _0\"></span>s to achie<span class=\"_ _0\"></span>ve the c<span class=\"_ _0\"></span>lose<span class=\"_ _0\"></span>st ou<span class=\"_ _0\"></span>tco<span class=\"_ _0\"></span>me to retro<span class=\"_ _0\"></span>spe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tive ap<span class=\"_ _0\"></span>plic<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n pos<span class=\"_ _0\"></span>sib<span class=\"_ _0\"></span>le usi<span class=\"_ _0\"></span>ng reas<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs2d8\">and<span class=\"_ gsec\"> </span>su<span class=\"_ _0\"></span>pp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e inform<span class=\"_ _0\"></span>ation avail<span class=\"_ _0\"></span>able wi<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>ut un<span class=\"_ _0\"></span>due c<span class=\"_ _0\"></span>ost or ef<span class=\"_ _0\"></span>for<span class=\"_ _3\"></span>t. For ins<span class=\"_ _0\"></span>ura<span class=\"_ _0\"></span>nce an<span class=\"_ _0\"></span>d reins<span class=\"_ _0\"></span>uran<span class=\"_ _0\"></span>ce c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>s where th<span class=\"_ _0\"></span>e modi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ed retr<span class=\"_ _0\"></span>osp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tive </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs2d9\">app<span class=\"_ _0\"></span>roac<span class=\"_ _0\"></span>h has be<span class=\"_ _0\"></span>en ado<span class=\"_ _0\"></span>pted<span class=\"_ _0\"></span>, the bes<span class=\"_ _0\"></span>t estim<span class=\"_ _0\"></span>ate and risk adju<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s of fulfil<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt cash f<span class=\"_ _0\"></span>lows were rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d and me<span class=\"_ _0\"></span>asure<span class=\"_ _0\"></span>d usin<span class=\"_ _0\"></span>g </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs2da\">the Gro<span class=\"_ _0\"></span>up\u2019s acco<span class=\"_ _0\"></span>unti<span class=\"_ _0\"></span>ng po<span class=\"_ _0\"></span>lici<span class=\"_ _0\"></span>es at the date of transi<span class=\"_ _0\"></span>tion exc<span class=\"_ _0\"></span>ept for the ap<span class=\"_ _0\"></span>plic<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of a permi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ted tran<span class=\"_ _0\"></span>siti<span class=\"_ _0\"></span>on mo<span class=\"_ _0\"></span>dif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n that, for so<span class=\"_ _0\"></span>me gro<span class=\"_ _0\"></span>ups of </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs2db\">con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts issu<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>efore 1 Janua<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y 20<span class=\"_ _0\"></span>21, <span class=\"_ _1\"></span>the ris<span class=\"_ _0\"></span>k adjust<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt for non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial r<span class=\"_ _0\"></span>isk on ini<span class=\"_ _0\"></span>tial rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nit<span class=\"_ _0\"></span>ion was deter<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ned by adju<span class=\"_ _0\"></span>stin<span class=\"_ _0\"></span>g the amo<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs2dc\">at<span class=\"_ gsec\"> </span>1 Janua<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 for the exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted rele<span class=\"_ _0\"></span>ase of risk before th<span class=\"_ _0\"></span>at date. The ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cted rel<span class=\"_ _0\"></span>ease was de<span class=\"_ _0\"></span>termi<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>d with refere<span class=\"_ _0\"></span>nce to the rel<span class=\"_ _0\"></span>ease of risk of </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs2dd\">simil<span class=\"_ _0\"></span>ar con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>cts that th<span class=\"_ _0\"></span>e Group is<span class=\"_ _0\"></span>sue<span class=\"_ _0\"></span>d in 202<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>is modi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>cati<span class=\"_ _0\"></span>on was use<span class=\"_ _0\"></span>d to a<span class=\"_ _1\"></span>void the ap<span class=\"_ _0\"></span>plic<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of hindsi<span class=\"_ _0\"></span>ght to the calib<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>on of the risk<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs2de\">adjus<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt in pri<span class=\"_ _0\"></span>or pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>ds<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h58 ff9 fs5 fc1 sc0 ls11 ws7e gs2df\">Fair<span class=\"_ _1\"></span> value approa<span class=\"_ _1\"></span>ch<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs2e0\">For ins<span class=\"_ _0\"></span>uran<span class=\"_ _0\"></span>ce an<span class=\"_ _0\"></span>d reinsu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>acts wh<span class=\"_ _0\"></span>ere th<span class=\"_ _0\"></span>e fair value ap<span class=\"_ _0\"></span>proa<span class=\"_ _0\"></span>ch has be<span class=\"_ _0\"></span>en ad<span class=\"_ _0\"></span>opted<span class=\"_ _0\"></span>, the be<span class=\"_ _0\"></span>st est<span class=\"_ _0\"></span>imate and ris<span class=\"_ _0\"></span>k adjust<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt com<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>nts </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs2e1\">of<span class=\"_ gsec\"> </span>fulf<span class=\"_ _0\"></span>ilm<span class=\"_ _0\"></span>ent c<span class=\"_ _0\"></span>ash fl<span class=\"_ _0\"></span>ows were deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ed as at 1 Janua<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2. T<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ed th<span class=\"_ _0\"></span>e Con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>tual S<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>vic<span class=\"_ _0\"></span>e Margi<span class=\"_ _0\"></span>n (CSM<span class=\"_ _0\"></span>) of the liabili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y for </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs2e2\">rema<span class=\"_ _0\"></span>inin<span class=\"_ _0\"></span>g covera<span class=\"_ _0\"></span>ge at the tra<span class=\"_ _0\"></span>nsiti<span class=\"_ _0\"></span>on date, as the di<span class=\"_ _0\"></span>ffe<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>ce be<span class=\"_ _0\"></span>twe<span class=\"_ _0\"></span>en th<span class=\"_ _0\"></span>e fair value of the grou<span class=\"_ _0\"></span>p of insura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>ts and the fu<span class=\"_ _0\"></span>lf<span class=\"_ _0\"></span>ilme<span class=\"_ _0\"></span>nt cas<span class=\"_ _0\"></span>h </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs2e3\">fl<span class=\"_ _0\"></span>ows measu<span class=\"_ _0\"></span>red at that date. In dete<span class=\"_ _0\"></span>rmi<span class=\"_ _0\"></span>ning fair val<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span>, the Grou<span class=\"_ _0\"></span>p appli<span class=\"_ _0\"></span>ed the re<span class=\"_ _0\"></span>quir<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nts of IFR<span class=\"_ _0\"></span>S 1<span class=\"_ _1\"></span>3, \u2018F<span class=\"_ _0\"></span>air Value Meas<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>, except for th<span class=\"_ _0\"></span>e </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs2e4\">dem<span class=\"_ _0\"></span>and de<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>sit f<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>or requ<span class=\"_ _0\"></span>ire<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h15 ff1 fs5 fc2 sc0 lsb wse gs2e5\">Fin<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l i<span class=\"_ _0\"></span>nst<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ments<span class=\"_ _0\"></span> </div><div class=\"t m2 h58 ff9 fs5 fc2 sc0 ls14 ws1c gs2e6\">Recognition<span class=\"_ _1\"></span> and<span class=\"_ _1\"></span> derecognition<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs2e7\">Init<span class=\"_ _0\"></span>ial rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>on of fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al asse<span class=\"_ _0\"></span>ts and liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es is on the trad<span class=\"_ _0\"></span>e date, whic<span class=\"_ _0\"></span>h is the date on whic<span class=\"_ _0\"></span>h the Gro<span class=\"_ _0\"></span>up be<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>mes a par<span class=\"_ _3\"></span>ty to the co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>ctu<span class=\"_ _0\"></span>al </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs2e8\">provis<span class=\"_ _0\"></span>ions of the ins<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>. A finan<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>l asset or f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al liabil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y is initi<span class=\"_ _0\"></span>ally me<span class=\"_ _0\"></span>asure<span class=\"_ _0\"></span>d at fair value pl<span class=\"_ _0\"></span>us, for a fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial ass<span class=\"_ _0\"></span>et or f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs2e9\">not<span class=\"_ gsec\"> </span>me<span class=\"_ _0\"></span>asure<span class=\"_ _0\"></span>d at fair value th<span class=\"_ _0\"></span>roug<span class=\"_ _0\"></span>h profi<span class=\"_ _0\"></span>t or los<span class=\"_ _0\"></span>s, tra<span class=\"_ _0\"></span>nsa<span class=\"_ _0\"></span>ctio<span class=\"_ _0\"></span>n cos<span class=\"_ _0\"></span>ts that are dire<span class=\"_ _0\"></span>ctl<span class=\"_ _0\"></span>y at<span class=\"_ _0\"></span>trib<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>able to its acq<span class=\"_ _0\"></span>uisi<span class=\"_ _0\"></span>tion o<span class=\"_ _0\"></span>r issue<span class=\"_ _0\"></span>. Whe<span class=\"_ _0\"></span>n the fair valu<span class=\"_ _0\"></span>e </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs2ea\">of<span class=\"_ gsec\"> </span>fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial asse<span class=\"_ _0\"></span>ts and liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>ies dif<span class=\"_ _0\"></span>fer<span class=\"_ _0\"></span>s from the tr<span class=\"_ _0\"></span>ansa<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on pr<span class=\"_ _0\"></span>ice on in<span class=\"_ _0\"></span>itia<span class=\"_ _0\"></span>l reco<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n, th<span class=\"_ _0\"></span>e Group re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>es the dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e as follows:<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff3 fs5 fc1 sc0 ls9 ws15 gs2eb\">\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">whe<span class=\"_ _0\"></span>n the fair valu<span class=\"_ _0\"></span>e is evide<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>d by a quoted pri<span class=\"_ _0\"></span>ce in an act<span class=\"_ _0\"></span>ive mar<span class=\"_ _0\"></span>ket for an identi<span class=\"_ _0\"></span>cal as<span class=\"_ _0\"></span>set or lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ty (i<span class=\"_ _0\"></span>.e. a Level 1 inpu<span class=\"_ _0\"></span>t) or base<span class=\"_ _0\"></span>d </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs2ec\">on<span class=\"_ gsec\"> </span>a<span class=\"_ gsec\"> </span>valu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n techn<span class=\"_ _0\"></span>iqu<span class=\"_ _0\"></span>e that uses on<span class=\"_ _0\"></span>ly data fro<span class=\"_ _0\"></span>m obse<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ble mar<span class=\"_ _0\"></span>kets<span class=\"_ _0\"></span>, the dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e is reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed as a gain or los<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff3 fs5 fc1 sc0 ls9 ws15 gs2ed\">\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">in all other c<span class=\"_ _0\"></span>ases<span class=\"_ _0\"></span>, the dif<span class=\"_ _0\"></span>fer<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>e is deferre<span class=\"_ _0\"></span>d and th<span class=\"_ _0\"></span>e timing of rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>niti<span class=\"_ _0\"></span>on of defer<span class=\"_ _0\"></span>red day one p<span class=\"_ _0\"></span>rofi<span class=\"_ _0\"></span>t or loss is de<span class=\"_ _0\"></span>termi<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>d indi<span class=\"_ _0\"></span>vidu<span class=\"_ _0\"></span>ally. It is eithe<span class=\"_ _0\"></span>r </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs2ee\">amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>ed over the life of the ins<span class=\"_ _0\"></span>tru<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt, defe<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d until the in<span class=\"_ _0\"></span>str<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>\u2019s fair value ca<span class=\"_ _0\"></span>n be deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ed usi<span class=\"_ _0\"></span>ng mar<span class=\"_ _0\"></span>ket obse<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vab<span class=\"_ _0\"></span>le inp<span class=\"_ _0\"></span>uts o<span class=\"_ _0\"></span>r realise<span class=\"_ _0\"></span>d </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls11 wsab gs2ef\">through <span class=\"_ _1\"></span>settlement.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs2f0\">Fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial asse<span class=\"_ _0\"></span>ts are dere<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>sed on<span class=\"_ _0\"></span>ly whe<span class=\"_ _0\"></span>n the co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>ctu<span class=\"_ _0\"></span>al righ<span class=\"_ _0\"></span>ts to the cash fl<span class=\"_ _0\"></span>ows from the as<span class=\"_ _0\"></span>set exp<span class=\"_ _0\"></span>ire, or wh<span class=\"_ _0\"></span>en the G<span class=\"_ _0\"></span>roup tr<span class=\"_ _0\"></span>ansfer<span class=\"_ _0\"></span>s </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs2f1\">subs<span class=\"_ _0\"></span>tanti<span class=\"_ _0\"></span>ally all th<span class=\"_ _0\"></span>e risks and rewa<span class=\"_ _0\"></span>rds of owner<span class=\"_ _0\"></span>ship to anoth<span class=\"_ _0\"></span>er enti<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y. <span class=\"_ _1\"></span>Th<span class=\"_ _0\"></span>is is the case for ca<span class=\"_ _0\"></span>sh col<span class=\"_ _0\"></span>lateral pl<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>ged<span class=\"_ _0\"></span>, whe<span class=\"_ _0\"></span>re the co<span class=\"_ _0\"></span>unter<span class=\"_ _0\"></span>par<span class=\"_ _3\"></span>ty has<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs2f2\">con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>tua<span class=\"_ _0\"></span>l rights to rec<span class=\"_ _0\"></span>eive th<span class=\"_ _0\"></span>e cash f<span class=\"_ _0\"></span>lows gen<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ated, an<span class=\"_ _0\"></span>d which is de<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d from th<span class=\"_ _0\"></span>e Con<span class=\"_ _0\"></span>soli<span class=\"_ _0\"></span>dated Bal<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e Sh<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t and a cor<span class=\"_ _0\"></span>resp<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ding<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs2f3\">rec<span class=\"_ _0\"></span>eiva<span class=\"_ _0\"></span>ble re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed for its retu<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs2f4\">Th<span class=\"_ _0\"></span>e Group e<span class=\"_ _0\"></span>nters into tran<span class=\"_ _0\"></span>sac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns whe<span class=\"_ _0\"></span>reby it tra<span class=\"_ _0\"></span>nsfers as<span class=\"_ _0\"></span>sets re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed in its C<span class=\"_ _0\"></span>onso<span class=\"_ _0\"></span>lid<span class=\"_ _0\"></span>ated Bala<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e She<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>, but ret<span class=\"_ _0\"></span>ains ei<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r all or subs<span class=\"_ _0\"></span>tant<span class=\"_ _0\"></span>ially<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs2f5\">all of the risks an<span class=\"_ _0\"></span>d rewards of the trans<span class=\"_ _0\"></span>ferre<span class=\"_ _0\"></span>d asse<span class=\"_ _0\"></span>ts. In the<span class=\"_ _0\"></span>se case<span class=\"_ _0\"></span>s, th<span class=\"_ _0\"></span>e transfe<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d asset<span class=\"_ _0\"></span>s are not dere<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>. E<span class=\"_ _0\"></span>xampl<span class=\"_ _0\"></span>es of suc<span class=\"_ _0\"></span>h trans<span class=\"_ _0\"></span>acti<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs2f6\">are repu<span class=\"_ _0\"></span>rch<span class=\"_ _0\"></span>ase agre<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s and non<span class=\"_ _0\"></span>-<span class=\"_ _3\"></span>cas<span class=\"_ _0\"></span>h colla<span class=\"_ _0\"></span>teral ple<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>, unle<span class=\"_ _0\"></span>ss the Gro<span class=\"_ _0\"></span>up defau<span class=\"_ _0\"></span>lts on it<span class=\"_ _0\"></span>s oblig<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns und<span class=\"_ _0\"></span>er the rel<span class=\"_ _0\"></span>evant ag<span class=\"_ _0\"></span>ree<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt.<span class=\"_ _0\"></span> </div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs2f7\">In tra<span class=\"_ _0\"></span>nsac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns in whi<span class=\"_ _0\"></span>ch th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up ne<span class=\"_ _0\"></span>ith<span class=\"_ _0\"></span>er re<span class=\"_ _0\"></span>tains n<span class=\"_ _0\"></span>or tr<span class=\"_ _0\"></span>ansfe<span class=\"_ _0\"></span>rs su<span class=\"_ _0\"></span>bsta<span class=\"_ _0\"></span>ntiall<span class=\"_ _0\"></span>y all of the r<span class=\"_ _0\"></span>isks a<span class=\"_ _0\"></span>nd reward<span class=\"_ _0\"></span>s of owne<span class=\"_ _0\"></span>rshi<span class=\"_ _0\"></span>p of a fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>ial as<span class=\"_ _0\"></span>set an<span class=\"_ _0\"></span>d it<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs2f8\">retai<span class=\"_ _0\"></span>ns con<span class=\"_ _0\"></span>trol over th<span class=\"_ _0\"></span>e asset<span class=\"_ _0\"></span>, the Gro<span class=\"_ _0\"></span>up co<span class=\"_ _0\"></span>ntinu<span class=\"_ _0\"></span>es to reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>e the asse<span class=\"_ _0\"></span>t to the exten<span class=\"_ _0\"></span>t of its conti<span class=\"_ _0\"></span>nuin<span class=\"_ _0\"></span>g involve<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt, de<span class=\"_ _0\"></span>term<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d by the ex<span class=\"_ _0\"></span>tent </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs2f9\">to<span class=\"_ gsec\"> </span>which i<span class=\"_ _0\"></span>t is expos<span class=\"_ _0\"></span>ed to chang<span class=\"_ _0\"></span>es in the valu<span class=\"_ _0\"></span>e of the transfe<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d asset<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs2fb\">Th<span class=\"_ _0\"></span>e Group d<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>s a fina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al liabil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y whe<span class=\"_ _0\"></span>n its co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>ctu<span class=\"_ _0\"></span>al oblig<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns expi<span class=\"_ _0\"></span>re or are disch<span class=\"_ _0\"></span>arge<span class=\"_ _0\"></span>d or ca<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>lle<span class=\"_ _0\"></span>d. T<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up also de<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nises<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs2fc\">a<span class=\"_ gsec\"> </span>fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>ial liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y wh<span class=\"_ _0\"></span>en its ter<span class=\"_ _0\"></span>ms are mo<span class=\"_ _0\"></span>dif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d and the cas<span class=\"_ _0\"></span>h flows of the mo<span class=\"_ _0\"></span>dif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d liabil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y are subs<span class=\"_ _0\"></span>tan<span class=\"_ _0\"></span>tially di<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ferent<span class=\"_ _0\"></span>, in whic<span class=\"_ _0\"></span>h case a new f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs2fd\">liabi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y base<span class=\"_ _0\"></span>d on the mo<span class=\"_ _0\"></span>dif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d term<span class=\"_ _0\"></span>s is reco<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d at fair value<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs2fe\">On de<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>niti<span class=\"_ _0\"></span>on of a fina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al asset or f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al liabil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y, the diffe<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>ce be<span class=\"_ _0\"></span>twe<span class=\"_ _0\"></span>en th<span class=\"_ _0\"></span>e car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>yi<span class=\"_ _0\"></span>ng amo<span class=\"_ _0\"></span>unt at the date of dere<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>tion an<span class=\"_ _0\"></span>d the </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs2ff\">con<span class=\"_ _0\"></span>side<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>on rec<span class=\"_ _0\"></span>ei<span class=\"_ _0\"></span>ved (in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>ding any ne<span class=\"_ _0\"></span>w asset ob<span class=\"_ _0\"></span>tain<span class=\"_ _0\"></span>ed les<span class=\"_ _0\"></span>s any new liabil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y assu<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>d) is rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in profi<span class=\"_ _0\"></span>t or los<span class=\"_ _0\"></span>s.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h58 ff9 fs5 fc2 sc0 lse wsd gs300\">Modific<span class=\"_ _0\"></span>ation<span class=\"_ _3b2\"> </span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs301\">If the term<span class=\"_ _0\"></span>s of a <span class=\"_ _1\"></span>fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial ass<span class=\"_ _0\"></span>et are mo<span class=\"_ _0\"></span>dif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d, the<span class=\"_ _0\"></span>n the Gro<span class=\"_ _0\"></span>up evalu<span class=\"_ _0\"></span>ates whet<span class=\"_ _0\"></span>her th<span class=\"_ _0\"></span>e cash f<span class=\"_ _0\"></span>lows of the mod<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ied ass<span class=\"_ _0\"></span>et are sub<span class=\"_ _0\"></span>stan<span class=\"_ _0\"></span>tiall<span class=\"_ _0\"></span>y dif<span class=\"_ _0\"></span>ferent<span class=\"_ _0\"></span>. </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs302\">If<span class=\"_ gsec\"> </span>the c<span class=\"_ _0\"></span>ash fl<span class=\"_ _0\"></span>ows are subst<span class=\"_ _0\"></span>antia<span class=\"_ _0\"></span>lly dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>, then th<span class=\"_ _0\"></span>e cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>tual ri<span class=\"_ _0\"></span>ghts to cash f<span class=\"_ _0\"></span>lows from th<span class=\"_ _0\"></span>e orig<span class=\"_ _0\"></span>inal f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>l asset are de<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ed to have expire<span class=\"_ _0\"></span>d.<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs303\">In this cas<span class=\"_ _0\"></span>e, the or<span class=\"_ _0\"></span>igin<span class=\"_ _0\"></span>al fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial ass<span class=\"_ _0\"></span>et is dere<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed an<span class=\"_ _0\"></span>d a new fina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al asset is re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d at fair value pl<span class=\"_ _0\"></span>us any eligi<span class=\"_ _0\"></span>ble tra<span class=\"_ _0\"></span>nsa<span class=\"_ _0\"></span>ctio<span class=\"_ _0\"></span>n cos<span class=\"_ _0\"></span>ts.<span class=\"_ _0\"></span> </div><div class=\"t m0 h58 ff9 fs5 fc2 sc0 ls18 ws0 gs304\">Cl<span class=\"_ _0\"></span>ass<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n an<span class=\"_ _0\"></span>d me<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt of f<span class=\"_ _0\"></span>i<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>se<span class=\"_ _0\"></span>ts<span class=\"_ _3b2\"> </span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs305\">Th<span class=\"_ _0\"></span>e Group cl<span class=\"_ _0\"></span>assi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>es its f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial as<span class=\"_ _0\"></span>sets on in<span class=\"_ _0\"></span>itial re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n as measu<span class=\"_ _0\"></span>red at amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>ed co<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>, fair value thro<span class=\"_ _0\"></span>ug<span class=\"_ _0\"></span>h other co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>reh<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>ve inc<span class=\"_ _0\"></span>ome<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs306\">(F<span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>OC<span class=\"_ _0\"></span>I) and fair valu<span class=\"_ _0\"></span>e throu<span class=\"_ _0\"></span>gh prof<span class=\"_ _0\"></span>it or lo<span class=\"_ _0\"></span>ss (F<span class=\"_ _3\"></span>V<span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>PL).<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs307\">Th<span class=\"_ _0\"></span>e clas<span class=\"_ _0\"></span>sif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ation a<span class=\"_ _0\"></span>nd m<span class=\"_ _0\"></span>easu<span class=\"_ _0\"></span>reme<span class=\"_ _0\"></span>nt of f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l asse<span class=\"_ _0\"></span>ts de<span class=\"_ _0\"></span>pen<span class=\"_ _0\"></span>ds o<span class=\"_ _0\"></span>n thei<span class=\"_ _0\"></span>r co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>ctu<span class=\"_ _0\"></span>al cas<span class=\"_ _0\"></span>h fl<span class=\"_ _0\"></span>ow cha<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>teris<span class=\"_ _0\"></span>tic<span class=\"_ _0\"></span>s and h<span class=\"_ _0\"></span>ow they a<span class=\"_ _0\"></span>re mana<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>d (the </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs308\">enti<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>\u2019s busine<span class=\"_ _0\"></span>ss mo<span class=\"_ _0\"></span>del<span class=\"_ _0\"></span>). The c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tual cas<span class=\"_ _0\"></span>h fl<span class=\"_ _0\"></span>ow chara<span class=\"_ _0\"></span>cter<span class=\"_ _0\"></span>isti<span class=\"_ _0\"></span>cs test aims to ide<span class=\"_ _0\"></span>ntif<span class=\"_ _0\"></span>y tho<span class=\"_ _0\"></span>se asse<span class=\"_ _0\"></span>ts with c<span class=\"_ _0\"></span>ash fl<span class=\"_ _0\"></span>ows cons<span class=\"_ _0\"></span>istent wi<span class=\"_ _0\"></span>th a basic </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs309\">len<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>g arra<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt, i<span class=\"_ _0\"></span>.e. whic<span class=\"_ _0\"></span>h are \u2018sole<span class=\"_ _0\"></span>ly paym<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts of princ<span class=\"_ _0\"></span>ipal an<span class=\"_ _0\"></span>d interes<span class=\"_ _0\"></span>t\u2019 (SP<span class=\"_ _0\"></span>PI). Th<span class=\"_ _0\"></span>e busin<span class=\"_ _0\"></span>ess m<span class=\"_ _0\"></span>ode<span class=\"_ _0\"></span>l test refers to how an entit<span class=\"_ _0\"></span>y ma<span class=\"_ _0\"></span>nage<span class=\"_ _0\"></span>s its </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs30a\">fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>ial ass<span class=\"_ _0\"></span>ets with th<span class=\"_ _0\"></span>e obje<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ves of gene<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>ng cas<span class=\"_ _0\"></span>h flows<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>ese facto<span class=\"_ _0\"></span>rs deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>e whet<span class=\"_ _0\"></span>her th<span class=\"_ _0\"></span>e fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>ial asse<span class=\"_ _0\"></span>ts are meas<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>d at amor<span class=\"_ _3\"></span>tised<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs30b\">cos<span class=\"_ _0\"></span>t, F<span class=\"_ _3\"></span>VOCI o<span class=\"_ _0\"></span>r F<span class=\"_ _0\"></span>V<span class=\"_ _3\"></span>TP<span class=\"_ _0\"></span>L<span class=\"_ _0\"></span>. Ass<span class=\"_ _0\"></span>ets are the<span class=\"_ _0\"></span>refore t<span class=\"_ _0\"></span>ypi<span class=\"_ _0\"></span>cal<span class=\"_ _0\"></span>ly cha<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>terise<span class=\"_ _0\"></span>d as follows:<span class=\"_ _3b2\"> </span></div><div class=\"t m0 ha ff3 fs5 fc1 sc0 ls9 ws15 gs30c\">\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>ed co<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>: fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial asse<span class=\"_ _0\"></span>ts with co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>actu<span class=\"_ _0\"></span>al term<span class=\"_ _0\"></span>s that give rise so<span class=\"_ _0\"></span>lel<span class=\"_ _0\"></span>y to interest and p<span class=\"_ _0\"></span>rin<span class=\"_ _0\"></span>cipa<span class=\"_ _0\"></span>l cash f<span class=\"_ _0\"></span>lows, an<span class=\"_ _0\"></span>d whic<span class=\"_ _0\"></span>h are held in a </span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs30d\">busi<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>s mod<span class=\"_ _0\"></span>el whos<span class=\"_ _0\"></span>e obje<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ve is to <span class=\"_ _1\"></span>hol<span class=\"_ _0\"></span>d the asse<span class=\"_ _0\"></span>ts to colle<span class=\"_ _0\"></span>ct th<span class=\"_ _0\"></span>eir ca<span class=\"_ _0\"></span>sh fl<span class=\"_ _0\"></span>ows. Th<span class=\"_ _0\"></span>ey are meas<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>d at amor<span class=\"_ _3\"></span>tised c<span class=\"_ _0\"></span>ost usi<span class=\"_ _0\"></span>ng the ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>tive </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs30e\">interes<span class=\"_ _0\"></span>t meth<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>. Interes<span class=\"_ _0\"></span>t inc<span class=\"_ _0\"></span>ome<span class=\"_ _0\"></span>, foreig<span class=\"_ _0\"></span>n exchan<span class=\"_ _0\"></span>ge gain<span class=\"_ _0\"></span>s and los<span class=\"_ _0\"></span>ses and im<span class=\"_ _0\"></span>pair<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt are rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in profi<span class=\"_ _0\"></span>t or los<span class=\"_ _0\"></span>s. A<span class=\"_ _0\"></span>ny gain or los<span class=\"_ _0\"></span>s on </div><div class=\"t m0 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs30f\">dere<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ogni<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n is also re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ised i<span class=\"_ _0\"></span>n prof<span class=\"_ _0\"></span>it o<span class=\"_ _0\"></span>r los<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div><div class=\"t m0 ha ff3 fs5 fc1 sc0 ls9 ws15 gs310\">\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">F<span class=\"_ _0\"></span>VO<span class=\"_ _0\"></span>CI: f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al asset<span class=\"_ _0\"></span>s with co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>ctu<span class=\"_ _0\"></span>al terms tha<span class=\"_ _0\"></span>t give rise so<span class=\"_ _0\"></span>lel<span class=\"_ _0\"></span>y to interest and pr<span class=\"_ _0\"></span>inc<span class=\"_ _0\"></span>ipal c<span class=\"_ _0\"></span>ash fl<span class=\"_ _0\"></span>ows, an<span class=\"_ _0\"></span>d which are he<span class=\"_ _0\"></span>ld in a busi<span class=\"_ _0\"></span>ness m<span class=\"_ _0\"></span>ode<span class=\"_ _0\"></span>l </span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs311\">whos<span class=\"_ _0\"></span>e obje<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ve is achie<span class=\"_ _0\"></span>ved by hold<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e assets to coll<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t thei<span class=\"_ _0\"></span>r cash f<span class=\"_ _0\"></span>lows and se<span class=\"_ _0\"></span>lling th<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>. Interes<span class=\"_ _0\"></span>t inc<span class=\"_ _0\"></span>ome c<span class=\"_ _0\"></span>alc<span class=\"_ _0\"></span>ulated usi<span class=\"_ _0\"></span>ng the ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>tive </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs312\">interes<span class=\"_ _0\"></span>t meth<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>, foreig<span class=\"_ _0\"></span>n exchan<span class=\"_ _0\"></span>ge gain<span class=\"_ _0\"></span>s and los<span class=\"_ _0\"></span>ses and im<span class=\"_ _0\"></span>pair<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt are rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in profi<span class=\"_ _0\"></span>t or los<span class=\"_ _0\"></span>s. O<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r net gai<span class=\"_ _0\"></span>ns and los<span class=\"_ _0\"></span>ses are re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs313\">in othe<span class=\"_ _0\"></span>r com<span class=\"_ _0\"></span>preh<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>ive inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e. On de<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>cog<span class=\"_ _0\"></span>nit<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>, gains an<span class=\"_ _0\"></span>d loss<span class=\"_ _0\"></span>es acc<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ulated in OC<span class=\"_ _0\"></span>I are recl<span class=\"_ _0\"></span>assif<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ed to profi<span class=\"_ _0\"></span>t or loss<span class=\"_ _3b2\"> </span></div><div class=\"t m0 ha ff3 fs5 fc1 sc0 ls9 ws15 gs314\">\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">F<span class=\"_ _0\"></span>V<span class=\"_ _3\"></span>TP<span class=\"_ _0\"></span>L<span class=\"_ _0\"></span>: all othe<span class=\"_ _0\"></span>r fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial asse<span class=\"_ _0\"></span>ts. Ne<span class=\"_ _0\"></span>t gains an<span class=\"_ _0\"></span>d loss<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, inclu<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>g any interest o<span class=\"_ _0\"></span>r divid<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>d inco<span class=\"_ _0\"></span>me an<span class=\"_ _0\"></span>d foreign exc<span class=\"_ _0\"></span>hang<span class=\"_ _0\"></span>e gains an<span class=\"_ _0\"></span>d loss<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, </span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs315\">are<span class=\"_ gsec\"> </span>rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in prof<span class=\"_ _0\"></span>it or los<span class=\"_ _0\"></span>s, un<span class=\"_ _0\"></span>les<span class=\"_ _0\"></span>s they aris<span class=\"_ _0\"></span>e from de<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>vatives d<span class=\"_ _0\"></span>esign<span class=\"_ _0\"></span>ated as hed<span class=\"_ _0\"></span>gin<span class=\"_ _0\"></span>g instr<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ents in c<span class=\"_ _0\"></span>ash fl<span class=\"_ _0\"></span>ow or net inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt he<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>s.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs316\">Not<span class=\"_ _0\"></span>wit<span class=\"_ _0\"></span>hsta<span class=\"_ _0\"></span>ndin<span class=\"_ _0\"></span>g the above<span class=\"_ _0\"></span>, on ini<span class=\"_ _0\"></span>tial rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>niti<span class=\"_ _0\"></span>on the G<span class=\"_ _0\"></span>roup may ir<span class=\"_ _0\"></span>revoc<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>y desi<span class=\"_ _0\"></span>gnate to F<span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>P<span class=\"_ _0\"></span>L a fina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l asset tha<span class=\"_ _0\"></span>t would othe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>wise b<span class=\"_ _0\"></span>e </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs317\">meas<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>d at amor<span class=\"_ _3\"></span>tised co<span class=\"_ _0\"></span>st or F<span class=\"_ _3\"></span>VOCI if do<span class=\"_ _0\"></span>ing so eli<span class=\"_ _0\"></span>mina<span class=\"_ _0\"></span>tes or greatly re<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>es an ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>untin<span class=\"_ _0\"></span>g misma<span class=\"_ _0\"></span>tch.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs318\">In mak<span class=\"_ _0\"></span>ing the S<span class=\"_ _0\"></span>PP<span class=\"_ _0\"></span>I asses<span class=\"_ _0\"></span>sme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>, the Grou<span class=\"_ _0\"></span>p con<span class=\"_ _0\"></span>side<span class=\"_ _0\"></span>rs wh<span class=\"_ _0\"></span>ethe<span class=\"_ _0\"></span>r the co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>actu<span class=\"_ _0\"></span>al cash f<span class=\"_ _0\"></span>lows are co<span class=\"_ _0\"></span>nsis<span class=\"_ _0\"></span>tent with a basi<span class=\"_ _0\"></span>c lend<span class=\"_ _0\"></span>ing ar<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t (that is, </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs319\">interes<span class=\"_ _0\"></span>t incl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>s onl<span class=\"_ _0\"></span>y cons<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>ratio<span class=\"_ _0\"></span>n for the time val<span class=\"_ _0\"></span>ue of mon<span class=\"_ _0\"></span>ey, credit ris<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>, othe<span class=\"_ _0\"></span>r basic le<span class=\"_ _0\"></span>ndin<span class=\"_ _0\"></span>g risks an<span class=\"_ _0\"></span>d a profi<span class=\"_ _0\"></span>t margin th<span class=\"_ _0\"></span>at is consis<span class=\"_ _0\"></span>tent wit<span class=\"_ _0\"></span>h a </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 lsd ws7f gs31a\">basic le<span class=\"_ _0\"></span>ndin<span class=\"_ _0\"></span>g arran<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt). This inclu<span class=\"_ _0\"></span>des evalu<span class=\"_ _0\"></span>ating whe<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r the fina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al asset con<span class=\"_ _0\"></span>tains a cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>tual term that cou<span class=\"_ _0\"></span>ld chan<span class=\"_ _0\"></span>ge the timin<span class=\"_ _0\"></span>g or amount<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs31b\">of contr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>ual cas<span class=\"_ _0\"></span>h flows su<span class=\"_ _0\"></span>ch that i<span class=\"_ _0\"></span>t would not me<span class=\"_ _0\"></span>et this c<span class=\"_ _0\"></span>ond<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>n. E<span class=\"_ _0\"></span>xa<span class=\"_ _0\"></span>mpl<span class=\"_ _0\"></span>es of such c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>ual term<span class=\"_ _0\"></span>s to be consid<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>d are con<span class=\"_ _0\"></span>ting<span class=\"_ _0\"></span>ent eve<span class=\"_ _0\"></span>nts </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs31c\">that woul<span class=\"_ _0\"></span>d chan<span class=\"_ _0\"></span>ge the am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t or timin<span class=\"_ _0\"></span>g of cash fl<span class=\"_ _0\"></span>ows, leve<span class=\"_ _0\"></span>rag<span class=\"_ _0\"></span>e features<span class=\"_ _0\"></span>, prep<span class=\"_ _0\"></span>aym<span class=\"_ _0\"></span>ent and ex<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>nsio<span class=\"_ _0\"></span>n features<span class=\"_ _0\"></span>, non<span class=\"_ _3\"></span>-re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>se asse<span class=\"_ _0\"></span>t arra<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs31d\">and feature<span class=\"_ _0\"></span>s that mo<span class=\"_ _0\"></span>dif<span class=\"_ _0\"></span>y co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>tion for th<span class=\"_ _0\"></span>e time valu<span class=\"_ _0\"></span>e of money (e.g. pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>dic res<span class=\"_ _0\"></span>et of interest rates). </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs31e\">Th<span class=\"_ _0\"></span>e busin<span class=\"_ _0\"></span>ess mo<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>l refle<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ts how the Gro<span class=\"_ _0\"></span>up mana<span class=\"_ _0\"></span>ges ass<span class=\"_ _0\"></span>ets in ord<span class=\"_ _0\"></span>er to gene<span class=\"_ _0\"></span>rate cash f<span class=\"_ _0\"></span>lows<span class=\"_ _0\"></span>, i.e. it ref<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>cts wh<span class=\"_ _0\"></span>ethe<span class=\"_ _0\"></span>r the Gro<span class=\"_ _0\"></span>up\u2019s obje<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ve is solel<span class=\"_ _0\"></span>y </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs31f\">to colle<span class=\"_ _0\"></span>ct th<span class=\"_ _0\"></span>e cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>tual ca<span class=\"_ _0\"></span>sh fl<span class=\"_ _0\"></span>ows from asse<span class=\"_ _0\"></span>ts or to colle<span class=\"_ _0\"></span>ct b<span class=\"_ _0\"></span>oth the co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>ctu<span class=\"_ _0\"></span>al cash f<span class=\"_ _0\"></span>lows and c<span class=\"_ _0\"></span>ash fl<span class=\"_ _0\"></span>ows arisi<span class=\"_ _0\"></span>ng from th<span class=\"_ _0\"></span>e sale of asset<span class=\"_ _0\"></span>s. If </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs320\">nei<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r of these is app<span class=\"_ _0\"></span>lic<span class=\"_ _0\"></span>able (for examp<span class=\"_ _0\"></span>le, f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al assets are h<span class=\"_ _0\"></span>eld for tra<span class=\"_ _0\"></span>ding pu<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>s), the busine<span class=\"_ _0\"></span>ss mo<span class=\"_ _0\"></span>del is \u2018othe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>\u2019 and the f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al asset is<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs321\">meas<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>d at F<span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>P<span class=\"_ _0\"></span>L<span class=\"_ _0\"></span>. Factor<span class=\"_ _0\"></span>s cons<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>red by the Gro<span class=\"_ _0\"></span>up in deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e busin<span class=\"_ _0\"></span>ess mo<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>l for a group of assets in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>de pas<span class=\"_ _0\"></span>t expe<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e on how </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs322\">the cas<span class=\"_ _0\"></span>h fl<span class=\"_ _0\"></span>ows for these ass<span class=\"_ _0\"></span>ets were co<span class=\"_ _0\"></span>lle<span class=\"_ _0\"></span>cted<span class=\"_ _0\"></span>, how the ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>\u2019s per<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>man<span class=\"_ _0\"></span>ce is evalu<span class=\"_ _0\"></span>ated and rep<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>ted to k<span class=\"_ _1\"></span>ey manag<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent p<span class=\"_ _0\"></span>ers<span class=\"_ _0\"></span>onn<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>, how risks<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs323\">are asse<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>d and mana<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>d, and how ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>ers are c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>sated<span class=\"_ _0\"></span>. </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs324\">Th<span class=\"_ _0\"></span>e obje<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ve of the Group\u2019s busin<span class=\"_ _0\"></span>ess m<span class=\"_ _0\"></span>ode<span class=\"_ _0\"></span>l for cer<span class=\"_ _3\"></span>tain de<span class=\"_ _0\"></span>bt instr<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s, in par<span class=\"_ _3\"></span>ticu<span class=\"_ _0\"></span>lar tho<span class=\"_ _0\"></span>se inst<span class=\"_ _0\"></span>rum<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts back<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g annui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y or invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>t </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs325\">liabi<span class=\"_ _0\"></span>litie<span class=\"_ _0\"></span>s, in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>g surp<span class=\"_ _0\"></span>lus asse<span class=\"_ _0\"></span>ts, is to fund it<span class=\"_ _0\"></span>s liabili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s. Co<span class=\"_ _0\"></span>nsis<span class=\"_ _0\"></span>tent with th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p\u2019s investme<span class=\"_ _0\"></span>nt stra<span class=\"_ _0\"></span>tegy the<span class=\"_ _0\"></span>ir pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>man<span class=\"_ _0\"></span>ce is evalua<span class=\"_ _0\"></span>ted on a </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs326\">total retur<span class=\"_ _0\"></span>n basis, as sig<span class=\"_ _0\"></span>nif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant bu<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g and sell<span class=\"_ _0\"></span>ing ac<span class=\"_ _0\"></span>tivi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y is unde<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ken on a regul<span class=\"_ _0\"></span>ar basis to rebala<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e its por<span class=\"_ _3\"></span>tfol<span class=\"_ _0\"></span>io and to ensure th<span class=\"_ _0\"></span>at con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>tual<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs327\">cash f<span class=\"_ _0\"></span>lows fro<span class=\"_ _0\"></span>m thos<span class=\"_ _0\"></span>e assets are su<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>cie<span class=\"_ _0\"></span>nt to sett<span class=\"_ _0\"></span>le the un<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>ly<span class=\"_ _0\"></span>ing lia<span class=\"_ _0\"></span>bilit<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>. The<span class=\"_ _0\"></span>se invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts do not follow a \u2018<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>ld to colle<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>\u2019 or \u2018<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>eld to coll<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs328\">and sel<span class=\"_ _0\"></span>l\u2019 bus<span class=\"_ _0\"></span>ines<span class=\"_ _0\"></span>s mod<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>, and are the<span class=\"_ _0\"></span>refore acc<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nted for at F<span class=\"_ _0\"></span>V<span class=\"_ _3\"></span>TP<span class=\"_ _0\"></span>L<span class=\"_ _0\"></span>. This bu<span class=\"_ _0\"></span>sine<span class=\"_ _0\"></span>ss mo<span class=\"_ _0\"></span>del is also ap<span class=\"_ _0\"></span>plic<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le to reverse rep<span class=\"_ _0\"></span>urc<span class=\"_ _0\"></span>hase ag<span class=\"_ _0\"></span>ree<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs329\">and to deri<span class=\"_ _0\"></span>vative<span class=\"_ _0\"></span>s. Equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y inst<span class=\"_ _0\"></span>rum<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s are acc<span class=\"_ _0\"></span>ounte<span class=\"_ _0\"></span>d for at F<span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>P<span class=\"_ _0\"></span>L<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs32a\">Ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tai<span class=\"_ _0\"></span>n debt se<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>rit<span class=\"_ _0\"></span>ies are he<span class=\"_ _0\"></span>ld in sep<span class=\"_ _0\"></span>arate por<span class=\"_ _3\"></span>tfol<span class=\"_ _0\"></span>ios for lon<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>term yi<span class=\"_ _0\"></span>eld<span class=\"_ _0\"></span>. The<span class=\"_ _0\"></span>se inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>e lon<span class=\"_ _0\"></span>g dated debt in<span class=\"_ _0\"></span>str<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nts bac<span class=\"_ _0\"></span>ki<span class=\"_ _0\"></span>ng ann<span class=\"_ _0\"></span>uiti<span class=\"_ _0\"></span>es liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs32b\">but in su<span class=\"_ _0\"></span>rpl<span class=\"_ _0\"></span>us to the IFR<span class=\"_ _0\"></span>S 1<span class=\"_ _1\"></span>7 best est<span class=\"_ _0\"></span>imate liabi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y and ri<span class=\"_ _0\"></span>sk adjus<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>, used to manag<span class=\"_ _0\"></span>e interes<span class=\"_ _0\"></span>t and inf<span class=\"_ _0\"></span>latio<span class=\"_ _0\"></span>n rate expos<span class=\"_ _0\"></span>ure, as well as asse<span class=\"_ _0\"></span>ts </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs32c\">bac<span class=\"_ _0\"></span>kin<span class=\"_ _0\"></span>g protec<span class=\"_ _0\"></span>tion lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>. The<span class=\"_ _0\"></span>se asse<span class=\"_ _0\"></span>ts repre<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>t instr<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ents c<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>istent wi<span class=\"_ _0\"></span>th the S<span class=\"_ _0\"></span>PPI pr<span class=\"_ _0\"></span>inc<span class=\"_ _0\"></span>ipl<span class=\"_ _0\"></span>es, an<span class=\"_ _0\"></span>d are acc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ted for at amor<span class=\"_ _3\"></span>tised c<span class=\"_ _0\"></span>ost<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs32d\">or<span class=\"_ gsec\"> </span>F<span class=\"_ _3\"></span>VOCI d<span class=\"_ _0\"></span>epe<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>ng on th<span class=\"_ _0\"></span>e expe<span class=\"_ _0\"></span>cted le<span class=\"_ _0\"></span>vel of tradin<span class=\"_ _0\"></span>g. </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs32e\">Rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>able<span class=\"_ _0\"></span>s are acc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ted for at amor<span class=\"_ _3\"></span>tised c<span class=\"_ _0\"></span>ost<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h58 ff9 fs5 fc2 sc0 lse ws43 gs330\">Classifica<span class=\"_ _0\"></span>tion and measuremen<span class=\"_ _0\"></span>t of<span class=\"_ _1\"></span> finan<span class=\"_ _0\"></span>cial liabilities<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs331\">Th<span class=\"_ _0\"></span>e Group cl<span class=\"_ _0\"></span>assi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>es and sub<span class=\"_ _0\"></span>seq<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span>ntly me<span class=\"_ _0\"></span>asure<span class=\"_ _0\"></span>s fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es at amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tise<span class=\"_ _0\"></span>d cos<span class=\"_ _0\"></span>t or F<span class=\"_ _0\"></span>V<span class=\"_ _3\"></span>T<span class=\"_ _0\"></span>PL<span class=\"_ _0\"></span>. </div><div class=\"t m2 h58 ff9 fs5 fc1 sc0 lse ws43 gs332\">Investment contr<span class=\"_ _0\"></span>act liabilities<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs333\">Invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t liabili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s are measu<span class=\"_ _0\"></span>red at F<span class=\"_ _0\"></span>V<span class=\"_ _3\"></span>T<span class=\"_ _0\"></span>PL<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>is is bec<span class=\"_ _0\"></span>ause th<span class=\"_ _0\"></span>ese lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>, as well as the related as<span class=\"_ _0\"></span>sets<span class=\"_ _0\"></span>, are mana<span class=\"_ _0\"></span>ged an<span class=\"_ _0\"></span>d thei<span class=\"_ _0\"></span>r </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs334\">per<span class=\"_ _3\"></span>forma<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e evaluated o<span class=\"_ _0\"></span>n a fair value basis<span class=\"_ _0\"></span>. For uni<span class=\"_ _0\"></span>t linked lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>, fair valu<span class=\"_ _0\"></span>e is determ<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d by referenc<span class=\"_ _0\"></span>e to the value of the und<span class=\"_ _0\"></span>erl<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g net ass<span class=\"_ _0\"></span>et </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs335\">value<span class=\"_ _0\"></span>s of the Group\u2019s uni<span class=\"_ _0\"></span>tise<span class=\"_ _0\"></span>d investm<span class=\"_ _0\"></span>ent fu<span class=\"_ _0\"></span>nds at the bal<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e she<span class=\"_ _0\"></span>et date. </div><div class=\"t m2 h58 ff9 fs5 fc1 sc0 lsf ws38 gs336\">Core and<span class=\"_ _1\"></span> operational<span class=\"_ _1\"></span> borrowing<span class=\"_ _1\"></span>s<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs337\">Bo<span class=\"_ _0\"></span>rrowi<span class=\"_ _0\"></span>ngs are rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d initi<span class=\"_ _0\"></span>ally at fair valu<span class=\"_ _0\"></span>e, ne<span class=\"_ _0\"></span>t of transac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n cos<span class=\"_ _0\"></span>ts. Bo<span class=\"_ _0\"></span>rrow<span class=\"_ _0\"></span>ings are su<span class=\"_ _0\"></span>bse<span class=\"_ _0\"></span>que<span class=\"_ _0\"></span>ntly s<span class=\"_ _0\"></span>tated at amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tise<span class=\"_ _0\"></span>d cos<span class=\"_ _0\"></span>t. T<span class=\"_ _0\"></span>he dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e </div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs338\">bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en th<span class=\"_ _0\"></span>e net p<span class=\"_ _0\"></span>roc<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>ds an<span class=\"_ _0\"></span>d the re<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>mpti<span class=\"_ _0\"></span>on val<span class=\"_ _0\"></span>ue 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 st<span class=\"_ _0\"></span>ateme<span class=\"_ _0\"></span>nt over th<span class=\"_ _0\"></span>e bo<span class=\"_ _0\"></span>rrowi<span class=\"_ _0\"></span>ng p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>od us<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e ef<span class=\"_ _0\"></span>fect<span class=\"_ _0\"></span>ive intere<span class=\"_ _0\"></span>st </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs339\">rate meth<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h58 ff9 fs5 fc1 sc0 lse ws43 gs33a\">Othe<span class=\"_ _0\"></span>r financial liabilities<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs33b\">Ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al liabi<span class=\"_ _0\"></span>litie<span class=\"_ _0\"></span>s incl<span class=\"_ _0\"></span>ude d<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>vative lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>, repu<span class=\"_ _0\"></span>rch<span class=\"_ _0\"></span>ase agre<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s and trail c<span class=\"_ _0\"></span>omm<span class=\"_ _0\"></span>issio<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>, which are m<span class=\"_ _0\"></span>easu<span class=\"_ _0\"></span>red at F<span class=\"_ _0\"></span>V<span class=\"_ _3\"></span>TP<span class=\"_ _0\"></span>L<span class=\"_ _0\"></span>, while oth<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs33c\">payabl<span class=\"_ _0\"></span>e balan<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>s are measu<span class=\"_ _0\"></span>red at amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>ed co<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>. </div><div class=\"t m2 h58 ff9 fs5 fc2 sc0 ls11 wsab gs33d\">Derivativ<span class=\"_ _1\"></span>es<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs33e\">De<span class=\"_ _0\"></span>rivat<span class=\"_ _0\"></span>ives are ini<span class=\"_ _0\"></span>tiall<span class=\"_ _0\"></span>y rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ised at fair valu<span class=\"_ _0\"></span>e on the date on whic<span class=\"_ _0\"></span>h the de<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>vative co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>ct is entere<span class=\"_ _0\"></span>d into. Th<span class=\"_ _0\"></span>e Group\u2019s der<span class=\"_ _0\"></span>ivati<span class=\"_ _0\"></span>ves<span class=\"_ _0\"></span>, other th<span class=\"_ _0\"></span>an </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs33f\">thos<span class=\"_ _0\"></span>e desig<span class=\"_ _0\"></span>nated as he<span class=\"_ _0\"></span>dgin<span class=\"_ _0\"></span>g inst<span class=\"_ _0\"></span>rum<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s in cash f<span class=\"_ _0\"></span>low or net inve<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent he<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>es, are in<span class=\"_ _0\"></span>str<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ents he<span class=\"_ _0\"></span>ld for trad<span class=\"_ _0\"></span>ing and<span class=\"_ _0\"></span>, are the<span class=\"_ _0\"></span>refore ac<span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>nted </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs340\">for<span class=\"_ gsec\"> </span>at F<span class=\"_ _0\"></span>V<span class=\"_ _3\"></span>TP<span class=\"_ _0\"></span>L<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs341\">De<span class=\"_ _0\"></span>rivat<span class=\"_ _0\"></span>ives may be em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>dd<span class=\"_ _0\"></span>ed in anoth<span class=\"_ _0\"></span>er c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>actu<span class=\"_ _0\"></span>al arr<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>. If suc<span class=\"_ _0\"></span>h a hybrid c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t cont<span class=\"_ _0\"></span>ains a hos<span class=\"_ _0\"></span>t that is a fina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l asset<span class=\"_ _0\"></span>, the Gro<span class=\"_ _0\"></span>up </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs342\">asse<span class=\"_ _0\"></span>sses th<span class=\"_ _0\"></span>e entire c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act for cl<span class=\"_ _0\"></span>assif<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>cati<span class=\"_ _0\"></span>on and me<span class=\"_ _0\"></span>asure<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt pur<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>. Ot<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ise, th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p acc<span class=\"_ _0\"></span>ount<span class=\"_ _0\"></span>s for an embe<span class=\"_ _0\"></span>dd<span class=\"_ _0\"></span>ed de<span class=\"_ _0\"></span>riv<span class=\"_ _0\"></span>ative sep<span class=\"_ _0\"></span>aratel<span class=\"_ _0\"></span>y </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs343\">from th<span class=\"_ _0\"></span>e host c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t when:<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws15 gs344\">\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">its e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>no<span class=\"_ _0\"></span>mic c<span class=\"_ _0\"></span>hara<span class=\"_ _0\"></span>cter<span class=\"_ _0\"></span>isti<span class=\"_ _0\"></span>cs an<span class=\"_ _0\"></span>d risk<span class=\"_ _0\"></span>s are not c<span class=\"_ _0\"></span>lose<span class=\"_ _0\"></span>ly re<span class=\"_ _0\"></span>lated to tho<span class=\"_ _0\"></span>se of the h<span class=\"_ _0\"></span>ost c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>t<span class=\"_ _3b2\"> </span></span></div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws15 gs345\">\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">the ter<span class=\"_ _0\"></span>ms of the e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d der<span class=\"_ _0\"></span>ivati<span class=\"_ _0\"></span>ve woul<span class=\"_ _0\"></span>d have met t<span class=\"_ _0\"></span>he def<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>n of a de<span class=\"_ _0\"></span>riva<span class=\"_ _0\"></span>tive if th<span class=\"_ _0\"></span>ey were c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>aine<span class=\"_ _0\"></span>d in a s<span class=\"_ _0\"></span>epar<span class=\"_ _0\"></span>ate con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>t<span class=\"_ _3b2\"> </span></span></div><div class=\"t m2 ha ff3 fs5 fc1 sc0 ls9 ws15 gs346\">\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">the hyb<span class=\"_ _0\"></span>rid co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>act is not me<span class=\"_ _0\"></span>asure<span class=\"_ _0\"></span>d at F<span class=\"_ _0\"></span>V<span class=\"_ _3\"></span>TP<span class=\"_ _0\"></span>L<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs347\">Th<span class=\"_ _0\"></span>ese em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>dde<span class=\"_ _0\"></span>d der<span class=\"_ _0\"></span>ivati<span class=\"_ _0\"></span>ves are sep<span class=\"_ _0\"></span>aratel<span class=\"_ _0\"></span>y acc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ted for at F<span class=\"_ _0\"></span>V<span class=\"_ _3\"></span>TPL<span class=\"_ _3\"></span>, unless th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p cho<span class=\"_ _0\"></span>oses to desi<span class=\"_ _0\"></span>gnate the ent<span class=\"_ _0\"></span>ire hybr<span class=\"_ _0\"></span>id co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>ct at F<span class=\"_ _0\"></span>V<span class=\"_ _3\"></span>TP<span class=\"_ _0\"></span>L<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs348\">A der<span class=\"_ _0\"></span>ivati<span class=\"_ _0\"></span>ve em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>dde<span class=\"_ _0\"></span>d in a ho<span class=\"_ _0\"></span>st in<span class=\"_ _0\"></span>sura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e or rei<span class=\"_ _0\"></span>nsur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>act is n<span class=\"_ _0\"></span>ot ac<span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>nted for s<span class=\"_ _0\"></span>epa<span class=\"_ _0\"></span>rately f<span class=\"_ _0\"></span>rom th<span class=\"_ _0\"></span>e hos<span class=\"_ _0\"></span>t co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>act if t<span class=\"_ _0\"></span>he e<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>dd<span class=\"_ _0\"></span>ed </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs349\">der<span class=\"_ _0\"></span>ivati<span class=\"_ _0\"></span>ve itse<span class=\"_ _0\"></span>lf me<span class=\"_ _0\"></span>ets the def<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>n of an insura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e or reins<span class=\"_ _0\"></span>uran<span class=\"_ _0\"></span>ce c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h58 ff9 fs5 fc2 sc0 lsb9 ws1b9 gs34a\">Coll<span class=\"_ _0\"></span>ater<span class=\"_ _0\"></span>al<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs34b\">Co<span class=\"_ _0\"></span>llatera<span class=\"_ _0\"></span>l rece<span class=\"_ _0\"></span>ive<span class=\"_ _0\"></span>d in the form of cash<span class=\"_ _0\"></span>, whic<span class=\"_ _0\"></span>h is not leg<span class=\"_ _0\"></span>ally se<span class=\"_ _0\"></span>gre<span class=\"_ _0\"></span>gated fro<span class=\"_ _0\"></span>m the Grou<span class=\"_ _0\"></span>p, is reco<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>sed as an asse<span class=\"_ _0\"></span>t in the Co<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>lidated B<span class=\"_ _0\"></span>alan<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs34c\">Sh<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t with a cor<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>pon<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>g liabili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y for the repay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt in Payab<span class=\"_ _0\"></span>les an<span class=\"_ _0\"></span>d other f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>l liabili<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>. Howeve<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>, where th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p has a curre<span class=\"_ _0\"></span>ntly<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs34d\">enforc<span class=\"_ _0\"></span>eab<span class=\"_ _0\"></span>le le<span class=\"_ _0\"></span>gal rig<span class=\"_ _0\"></span>ht of set-<span class=\"_ _0\"></span>of<span class=\"_ _0\"></span>f and the ab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y and in<span class=\"_ _0\"></span>tent to net set<span class=\"_ _0\"></span>tle<span class=\"_ _0\"></span>, the co<span class=\"_ _0\"></span>llatera<span class=\"_ _0\"></span>l liabili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y and ass<span class=\"_ _0\"></span>oci<span class=\"_ _0\"></span>ated der<span class=\"_ _0\"></span>ivati<span class=\"_ _0\"></span>ve balan<span class=\"_ _0\"></span>ces are sh<span class=\"_ _0\"></span>own net<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs34e\">Non<span class=\"_ _3\"></span>-<span class=\"_ _0\"></span>cas<span class=\"_ _0\"></span>h co<span class=\"_ _0\"></span>llatera<span class=\"_ _0\"></span>l rec<span class=\"_ _0\"></span>eive<span class=\"_ _0\"></span>d is not re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>sed i<span class=\"_ _0\"></span>n the C<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>olid<span class=\"_ _0\"></span>ated B<span class=\"_ _0\"></span>alan<span class=\"_ _0\"></span>ce S<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>et un<span class=\"_ _0\"></span>les<span class=\"_ _0\"></span>s the tr<span class=\"_ _0\"></span>ansfer of th<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>llater<span class=\"_ _0\"></span>al me<span class=\"_ _0\"></span>ets th<span class=\"_ _0\"></span>e de<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>niti<span class=\"_ _0\"></span>on </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs34f\">cri<span class=\"_ _0\"></span>teri<span class=\"_ _0\"></span>a from the p<span class=\"_ _0\"></span>ers<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ve of the transfer<span class=\"_ _0\"></span>or. <span class=\"_ _1\"></span>Su<span class=\"_ _0\"></span>ch co<span class=\"_ _0\"></span>llatera<span class=\"_ _0\"></span>l is typ<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ally re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d whe<span class=\"_ _0\"></span>n the Grou<span class=\"_ _0\"></span>p eit<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>: (a<span class=\"_ _1\"></span>) sells or rep<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>s these ass<span class=\"_ _0\"></span>ets in </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs350\">the abs<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>e of default<span class=\"_ _0\"></span>, at whic<span class=\"_ _0\"></span>h point th<span class=\"_ _0\"></span>e obli<span class=\"_ _0\"></span>gatio<span class=\"_ _0\"></span>n to return this co<span class=\"_ _0\"></span>llater<span class=\"_ _0\"></span>al is reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed as a liabil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>; or (b) the cou<span class=\"_ _0\"></span>nter<span class=\"_ _0\"></span>par<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y to the arr<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs351\">defaul<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>, at which po<span class=\"_ _0\"></span>int the co<span class=\"_ _0\"></span>llater<span class=\"_ _0\"></span>al is seized and re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed as an asse<span class=\"_ _0\"></span>t. </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs352\">Co<span class=\"_ _0\"></span>llatera<span class=\"_ _0\"></span>l pled<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>d in the form of cash<span class=\"_ _0\"></span>, whic<span class=\"_ _0\"></span>h is leg<span class=\"_ _0\"></span>ally se<span class=\"_ _0\"></span>gre<span class=\"_ _0\"></span>gated fro<span class=\"_ _0\"></span>m the Grou<span class=\"_ _0\"></span>p, is dere<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed fro<span class=\"_ _0\"></span>m the statem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t of finan<span class=\"_ _0\"></span>cial p<span class=\"_ _0\"></span>osit<span class=\"_ _0\"></span>ion wi<span class=\"_ _0\"></span>th </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs353\">a<span class=\"_ gsec\"> </span>cor<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>ndin<span class=\"_ _0\"></span>g rec<span class=\"_ _0\"></span>eiva<span class=\"_ _0\"></span>ble re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d for its retu<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>. Non<span class=\"_ _0\"></span>-<span class=\"_ _3\"></span>cash c<span class=\"_ _0\"></span>ollate<span class=\"_ _0\"></span>ral ple<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>ed is not der<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ised fr<span class=\"_ _0\"></span>om the st<span class=\"_ _0\"></span>ateme<span class=\"_ _0\"></span>nt of fina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al posi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs354\">unle<span class=\"_ _0\"></span>ss the Gro<span class=\"_ _0\"></span>up defau<span class=\"_ _0\"></span>lts on i<span class=\"_ _0\"></span>ts oblig<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns und<span class=\"_ _0\"></span>er the re<span class=\"_ _0\"></span>levan<span class=\"_ _0\"></span>t agree<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>, and the<span class=\"_ _0\"></span>refore co<span class=\"_ _0\"></span>ntinu<span class=\"_ _0\"></span>es to be reco<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>sed in th<span class=\"_ _0\"></span>e Con<span class=\"_ _0\"></span>soli<span class=\"_ _0\"></span>dated Bal<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs355\">Sh<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t within F<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l investm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h58 ff9 fs5 fc2 sc0 lsf ws38 gs356\">Impairment<span class=\"_ _1\"></span> of financi<span class=\"_ _1\"></span>al ass<span class=\"_ _1\"></span>ets<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs357\">Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p asse<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s on a for<span class=\"_ _0\"></span>wa<span class=\"_ _0\"></span>rd<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>ok<span class=\"_ _0\"></span>ing b<span class=\"_ _0\"></span>asis th<span class=\"_ _0\"></span>e exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted cre<span class=\"_ _0\"></span>dit l<span class=\"_ _0\"></span>oss (<span class=\"_ _0\"></span>ECL) a<span class=\"_ _0\"></span>sso<span class=\"_ _0\"></span>ciated w<span class=\"_ _0\"></span>ith i<span class=\"_ _0\"></span>ts f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s meas<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>d at amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>ed c<span class=\"_ _0\"></span>ost<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs358\">and F<span class=\"_ _3\"></span>VOCI<span class=\"_ _0\"></span>, and rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>s a loss allowan<span class=\"_ _0\"></span>ce for su<span class=\"_ _0\"></span>ch los<span class=\"_ _0\"></span>ses at eac<span class=\"_ _0\"></span>h repo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng date. E<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted cre<span class=\"_ _0\"></span>dit lo<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s are defi<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>d as the prese<span class=\"_ _0\"></span>nt valu<span class=\"_ _0\"></span>e of the </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs359\">dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nce b<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n all cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>tual c<span class=\"_ _0\"></span>ash fl<span class=\"_ _0\"></span>ows that are due and all c<span class=\"_ _0\"></span>ash fl<span class=\"_ _0\"></span>ows that the en<span class=\"_ _0\"></span>tit<span class=\"_ _0\"></span>y exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ts to recei<span class=\"_ _0\"></span>ve (i.e. th<span class=\"_ _0\"></span>e cash sh<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>tfall<span class=\"_ _0\"></span>), weigh<span class=\"_ _0\"></span>ted </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs35a\">base<span class=\"_ _0\"></span>d on thei<span class=\"_ _0\"></span>r prob<span class=\"_ _0\"></span>abili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y of occu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e. Th<span class=\"_ _0\"></span>e loss all<span class=\"_ _0\"></span>owanc<span class=\"_ _0\"></span>e rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ised un<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r IFR<span class=\"_ _0\"></span>S 9 can be equ<span class=\"_ _0\"></span>al to an amoun<span class=\"_ _0\"></span>t cor<span class=\"_ _0\"></span>resp<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ding to a 1<span class=\"_ _1\"></span>2-m<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>th </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs35b\">ECL or a lifeti<span class=\"_ _0\"></span>me ECL<span class=\"_ _0\"></span>. A lifetim<span class=\"_ _0\"></span>e ECL is the EC<span class=\"_ _0\"></span>L resul<span class=\"_ _0\"></span>ting fro<span class=\"_ _0\"></span>m all pos<span class=\"_ _0\"></span>sibl<span class=\"_ _0\"></span>e defaul<span class=\"_ _0\"></span>t events over th<span class=\"_ _0\"></span>e expe<span class=\"_ _0\"></span>cted life of the fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>; a 1<span class=\"_ _1\"></span>2-m<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>h </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs35c\">ECL is the po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on of lifetim<span class=\"_ _0\"></span>e ECL resu<span class=\"_ _0\"></span>ltin<span class=\"_ _0\"></span>g from defau<span class=\"_ _0\"></span>lt even<span class=\"_ _0\"></span>ts on a fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial asse<span class=\"_ _0\"></span>t that are pos<span class=\"_ _0\"></span>sibl<span class=\"_ _0\"></span>e withi<span class=\"_ _0\"></span>n the 1<span class=\"_ _1\"></span>2 months af<span class=\"_ _0\"></span>ter th<span class=\"_ _0\"></span>e repo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g date. </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs35d\">For a fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial ass<span class=\"_ _0\"></span>et that is cre<span class=\"_ _0\"></span>dit-<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>pai<span class=\"_ _0\"></span>red at the rep<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>ting date, bu<span class=\"_ _0\"></span>t that is not a purc<span class=\"_ _0\"></span>hase<span class=\"_ _0\"></span>d or ori<span class=\"_ _0\"></span>ginate<span class=\"_ _0\"></span>d credi<span class=\"_ _0\"></span>t-<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>paire<span class=\"_ _0\"></span>d fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial asse<span class=\"_ _0\"></span>t, ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cted </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs35e\">cre<span class=\"_ _0\"></span>dit lo<span class=\"_ _0\"></span>sses are m<span class=\"_ _0\"></span>easu<span class=\"_ _0\"></span>red as the dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en the ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>\u2019s gross car<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 and the pre<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>t value of estim<span class=\"_ _0\"></span>ated fu<span class=\"_ _0\"></span>ture cas<span class=\"_ _0\"></span>h flows<span class=\"_ _0\"></span>, </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs35f\">disc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ted at the fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial asse<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>\u2019s origin<span class=\"_ _0\"></span>al effe<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ve interes<span class=\"_ _0\"></span>t rate. Any adjus<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent is rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in profi<span class=\"_ _0\"></span>t or los<span class=\"_ _0\"></span>s as an impair<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt gain or l<span class=\"_ _0\"></span>oss<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs360\">Th<span class=\"_ _0\"></span>e Group d<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>nes defa<span class=\"_ _0\"></span>ult on a f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial ass<span class=\"_ _0\"></span>et as the ina<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y to meet in full an<span class=\"_ _0\"></span>d on time an or<span class=\"_ _0\"></span>igin<span class=\"_ _0\"></span>al prom<span class=\"_ _0\"></span>ise of expe<span class=\"_ _0\"></span>cted c<span class=\"_ _0\"></span>ash fl<span class=\"_ _0\"></span>ows, th<span class=\"_ _0\"></span>e amou<span class=\"_ _0\"></span>nt </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs361\">and timi<span class=\"_ _0\"></span>ng of which are d<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>d with ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tai<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>y. <span class=\"_ _1\"></span>Any b<span class=\"_ _0\"></span>reac<span class=\"_ _0\"></span>h of this promis<span class=\"_ _0\"></span>e, by any amou<span class=\"_ _0\"></span>nt or tim<span class=\"_ _0\"></span>e (in excess of any potenti<span class=\"_ _0\"></span>al plan<span class=\"_ _0\"></span>ned gr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>e </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs362\">per<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d), c<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>titu<span class=\"_ _0\"></span>tes a default<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>is is consi<span class=\"_ _0\"></span>stent wit<span class=\"_ _0\"></span>h the def<span class=\"_ _0\"></span>ini<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of default use<span class=\"_ _0\"></span>d for intern<span class=\"_ _0\"></span>al cre<span class=\"_ _0\"></span>dit ris<span class=\"_ _0\"></span>k manag<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent pu<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>s. An as<span class=\"_ _0\"></span>set is </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs363\">cre<span class=\"_ _0\"></span>dit-<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>paire<span class=\"_ _0\"></span>d whe<span class=\"_ _0\"></span>n one or m<span class=\"_ _0\"></span>ore event<span class=\"_ _0\"></span>s that have a detri<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>tal imp<span class=\"_ _0\"></span>act o<span class=\"_ _0\"></span>n the esti<span class=\"_ _0\"></span>mated fu<span class=\"_ _0\"></span>ture cas<span class=\"_ _0\"></span>h fl<span class=\"_ _0\"></span>ows of that finan<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>l asset have oc<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>red<span class=\"_ _0\"></span>. </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs364\">Evide<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e that a fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial asse<span class=\"_ _0\"></span>t is credi<span class=\"_ _0\"></span>t-<span class=\"_ _0\"></span>imp<span class=\"_ _0\"></span>aire<span class=\"_ _0\"></span>d incl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>s the followi<span class=\"_ _0\"></span>ng obse<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ble dat<span class=\"_ _0\"></span>a:<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws15 gs365\">\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">signi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>can<span class=\"_ _0\"></span>t fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial di<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>cul<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y of the b<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>rower<span class=\"_ _3b2\"> </span></span></div><div class=\"t m2 ha ff3 fs5 fc1 sc0 ls9 ws15 gs366\">\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">a breac<span class=\"_ _0\"></span>h of contr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>, suc<span class=\"_ _0\"></span>h as a default or pas<span class=\"_ _0\"></span>t due eve<span class=\"_ _0\"></span>nt<span class=\"_ _3b2\"> </span></span></div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws15 gs367\">\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">the res<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>uct<span class=\"_ _0\"></span>ure of a lo<span class=\"_ _0\"></span>an by the G<span class=\"_ _0\"></span>roup o<span class=\"_ _0\"></span>n ter<span class=\"_ _0\"></span>ms whi<span class=\"_ _0\"></span>ch it wo<span class=\"_ _0\"></span>uld n<span class=\"_ _0\"></span>ot othe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>wise c<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></span></div><div class=\"t m0 ha ff3 fs5 fc1 sc0 ls9 ws15 gs369\">\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">it be<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>mes p<span class=\"_ _0\"></span>roba<span class=\"_ _0\"></span>ble that th<span class=\"_ _0\"></span>e bor<span class=\"_ _0\"></span>rower will en<span class=\"_ _0\"></span>ter bank<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>ptcy or othe<span class=\"_ _0\"></span>r fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial reo<span class=\"_ _0\"></span>rga<span class=\"_ _0\"></span>nisati<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs36a\">A fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al asse<span class=\"_ _0\"></span>t is writ<span class=\"_ _0\"></span>ten of<span class=\"_ _0\"></span>f when th<span class=\"_ _0\"></span>ere is no reas<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>ble exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tati<span class=\"_ _0\"></span>on of recove<span class=\"_ _0\"></span>rin<span class=\"_ _0\"></span>g the co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>ctu<span class=\"_ _0\"></span>al cash f<span class=\"_ _0\"></span>lows<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs36b\">Th<span class=\"_ _0\"></span>e ECL mo<span class=\"_ _0\"></span>del is ru<span class=\"_ _0\"></span>n from th<span class=\"_ _0\"></span>e date of <span class=\"_ _1\"></span>ini<span class=\"_ _0\"></span>tial rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>niti<span class=\"_ _0\"></span>on of a fina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al asset<span class=\"_ _0\"></span>, and it<span class=\"_ _0\"></span>s outp<span class=\"_ _0\"></span>ut up<span class=\"_ _0\"></span>dated at ever<span class=\"_ _3\"></span>y repor<span class=\"_ _3\"></span>ting p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>, even if no actu<span class=\"_ _0\"></span>al los<span class=\"_ _0\"></span>s </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs36c\">events have taken pl<span class=\"_ _0\"></span>ace<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e impac<span class=\"_ _0\"></span>t of updati<span class=\"_ _0\"></span>ng the in<span class=\"_ _0\"></span>put<span class=\"_ _0\"></span>s of the ECL mod<span class=\"_ _0\"></span>el in the re<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g per<span class=\"_ _0\"></span>iod is re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d in prof<span class=\"_ _0\"></span>it or lo<span class=\"_ _0\"></span>ss dire<span class=\"_ _0\"></span>ctl<span class=\"_ _0\"></span>y where i<span class=\"_ _0\"></span>t </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs36d\">affe<span class=\"_ _0\"></span>cts the c<span class=\"_ _0\"></span>arr<span class=\"_ _3\"></span>yin<span class=\"_ _0\"></span>g value of fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial asse<span class=\"_ _0\"></span>ts at amor<span class=\"_ _3\"></span>tise<span class=\"_ _0\"></span>d cost<span class=\"_ _0\"></span>, whil<span class=\"_ _0\"></span>e for assets at F<span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>OCI an e<span class=\"_ _0\"></span>qual an<span class=\"_ _0\"></span>d opp<span class=\"_ _0\"></span>osi<span class=\"_ _0\"></span>te moveme<span class=\"_ _0\"></span>nt is reco<span class=\"_ _0\"></span>rde<span class=\"_ _0\"></span>d in othe<span class=\"_ _0\"></span>r </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls37 ws7 gs36e\">comprehen<span class=\"_ _1\"></span>siv<span class=\"_ _1\"></span>e incom<span class=\"_ _1\"></span>e. </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs36f\">In orde<span class=\"_ _0\"></span>r to determi<span class=\"_ _0\"></span>ne whe<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r the Gro<span class=\"_ _0\"></span>up meas<span class=\"_ _0\"></span>ures EC<span class=\"_ _0\"></span>Ls at an am<span class=\"_ _0\"></span>ount e<span class=\"_ _0\"></span>qual to 1<span class=\"_ _1\"></span>2-<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>nth ECL o<span class=\"_ _0\"></span>r lifetime EC<span class=\"_ _0\"></span>L<span class=\"_ _0\"></span>, at each re<span class=\"_ _0\"></span>por<span class=\"_ _3\"></span>ting pe<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>od the Gr<span class=\"_ _0\"></span>oup<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs370\">is requi<span class=\"_ _0\"></span>red to asses<span class=\"_ _0\"></span>s which \u2018st<span class=\"_ _0\"></span>age\u2019 a f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial as<span class=\"_ _0\"></span>set falls into. S<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ges ref<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>ct the g<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>ral pat<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>n of deteri<span class=\"_ _0\"></span>orat<span class=\"_ _0\"></span>ion in cre<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t risk of a fina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs371\">inst<span class=\"_ _0\"></span>rum<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t that ulti<span class=\"_ _0\"></span>mately defa<span class=\"_ _0\"></span>ults<span class=\"_ _0\"></span>, as follows:<span class=\"_ _3b2\"> </span></div><div class=\"t m0 ha ff3 fs5 fc1 sc0 ls9 ws15 gs372\">\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">S<span class=\"_ _0\"></span>tag<span class=\"_ _0\"></span>e 1 inclu<span class=\"_ _0\"></span>des f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>ally he<span class=\"_ _0\"></span>althy f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al assets th<span class=\"_ _0\"></span>at are expe<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d to <span class=\"_ _1\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>m in line with th<span class=\"_ _0\"></span>eir c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>ual term<span class=\"_ _0\"></span>s, and wh<span class=\"_ _0\"></span>ich have no sig<span class=\"_ _0\"></span>ns </span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs373\">of<span class=\"_ gsec\"> </span>inc<span class=\"_ _0\"></span>rease<span class=\"_ _0\"></span>d cred<span class=\"_ _0\"></span>it ris<span class=\"_ _0\"></span>k<span class=\"_ _3b2\"> </span></div><div class=\"t m0 ha ff3 fs5 fc1 sc0 ls8c ws91 gs374\">\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>age 2 includ<span class=\"_ _0\"></span>es fina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al assets for which a <span class=\"_ _1\"></span>signi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>nt increa<span class=\"_ _0\"></span>se in <span class=\"_ _1\"></span>cre<span class=\"_ _0\"></span>dit risk has occ<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>red sinc<span class=\"_ _0\"></span>e initial rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>, but which are not <span class=\"_ _1\"></span>cre<span class=\"_ _0\"></span>dit-<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>mpai<span class=\"_ _0\"></span>red<span class=\"_ _3b2\"> </span></span></div><div class=\"t m0 ha ff3 fs5 fc1 sc0 ls9 ws15 gs375\">\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">S<span class=\"_ _0\"></span>tag<span class=\"_ _0\"></span>e 3 applie<span class=\"_ _0\"></span>s to credit-<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>mpai<span class=\"_ _0\"></span>red f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial in<span class=\"_ _0\"></span>str<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs376\">Wh<span class=\"_ _0\"></span>en fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial ass<span class=\"_ _0\"></span>ets are un<span class=\"_ _0\"></span>der S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>age 1, <span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>2-<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>nth EC<span class=\"_ _0\"></span>Ls are re<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 fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial asse<span class=\"_ _0\"></span>ts are unde<span class=\"_ _0\"></span>r S<span class=\"_ _0\"></span>tag<span class=\"_ _0\"></span>e 2 or 3, lifetim<span class=\"_ _0\"></span>e ECL<span class=\"_ _0\"></span>s are </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs377\">rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d. An in<span class=\"_ _0\"></span>str<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ent move<span class=\"_ _0\"></span>s down (or up<span class=\"_ _1\"></span>) the stag<span class=\"_ _0\"></span>es whe<span class=\"_ _0\"></span>n a signif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant in<span class=\"_ _0\"></span>creas<span class=\"_ _0\"></span>e in cred<span class=\"_ _0\"></span>it ris<span class=\"_ _0\"></span>k (SICR) has hap<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ned (or has rever<span class=\"_ _0\"></span>sed<span class=\"_ _0\"></span>). </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs378\">Wh<span class=\"_ _0\"></span>en deter<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ning wh<span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span>er the cre<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t risk of a fina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al instr<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ent has in<span class=\"_ _0\"></span>cre<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>d signif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>antl<span class=\"_ _0\"></span>y sinc<span class=\"_ _0\"></span>e init<span class=\"_ _0\"></span>ial rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>niti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>, the Grou<span class=\"_ _0\"></span>p con<span class=\"_ _0\"></span>side<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs379\">reaso<span class=\"_ _0\"></span>nab<span class=\"_ _0\"></span>le and su<span class=\"_ _0\"></span>ppo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ble infor<span class=\"_ _0\"></span>mati<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>, both qua<span class=\"_ _0\"></span>litat<span class=\"_ _0\"></span>ive and qua<span class=\"_ _0\"></span>ntit<span class=\"_ _0\"></span>ative<span class=\"_ _0\"></span>, that is releva<span class=\"_ _0\"></span>nt and is availab<span class=\"_ _0\"></span>le with<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>t undu<span class=\"_ _0\"></span>e cos<span class=\"_ _0\"></span>t or effo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>, incl<span class=\"_ _0\"></span>udin<span class=\"_ _0\"></span>g </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs37a\">for<span class=\"_ _0\"></span>ward<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>oo<span class=\"_ _0\"></span>kin<span class=\"_ _0\"></span>g inform<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n at its dispo<span class=\"_ _0\"></span>sal<span class=\"_ _0\"></span>. Key indic<span class=\"_ _0\"></span>ators use<span class=\"_ _0\"></span>d in orde<span class=\"_ _0\"></span>r to determi<span class=\"_ _0\"></span>ne whe<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r a SIC<span class=\"_ _0\"></span>R has occ<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>red (eithe<span class=\"_ _0\"></span>r in isol<span class=\"_ _0\"></span>ation o<span class=\"_ _0\"></span>r in </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 lse wsd gs37b\">combination) <span class=\"_ _1\"></span>are:<span class=\"_ _3b2\"> </span></div><div class=\"t m0 ha ff3 fs5 fc1 sc0 ls9 ws15 gs37c\">\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">deter<span class=\"_ _0\"></span>ior<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n in rating gr<span class=\"_ _0\"></span>ade be<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n origi<span class=\"_ _0\"></span>natio<span class=\"_ _0\"></span>n date and rep<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ing date. T<span class=\"_ _0\"></span>he level of dete<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>ratio<span class=\"_ _0\"></span>n requ<span class=\"_ _0\"></span>ired by an ind<span class=\"_ _0\"></span>ivid<span class=\"_ _0\"></span>ual ass<span class=\"_ _0\"></span>et is deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ed </span></div><div class=\"t m0 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs37d\">usin<span class=\"_ _0\"></span>g a relati<span class=\"_ _0\"></span>ve ratin<span class=\"_ _0\"></span>g matr<span class=\"_ _0\"></span>ix<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h9 ff3 fs5 fc1 sc0 ls9 ws15 gs37e\">\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">exp<span class=\"_ _0\"></span>osure is i<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>ntif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d on th<span class=\"_ _0\"></span>e invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>rs\u2019 \u2018<span class=\"_ _0\"></span>watchlis<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>\u2019<span class=\"_ _3b2\"> </span></span></div><div class=\"t m0 h9 ff3 fs5 fc1 sc0 ls9 ws15 gs37f\">\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">exp<span class=\"_ _0\"></span>osure is i<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>ntif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d on inte<span class=\"_ _0\"></span>rnal \u2018c<span class=\"_ _0\"></span>red<span class=\"_ _0\"></span>it watchl<span class=\"_ _0\"></span>ists\u2019<span class=\"_ _3b2\"> </span></span></div><div class=\"t m0 ha ff3 fs5 fc1 sc0 ls9 ws15 gs380\">\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">a manua<span class=\"_ _0\"></span>l shif<span class=\"_ _0\"></span>t of an expo<span class=\"_ _0\"></span>sure to S<span class=\"_ _0\"></span>tage 2 on an exce<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>nal basis (whe<span class=\"_ _0\"></span>re requi<span class=\"_ _0\"></span>red<span class=\"_ _0\"></span>, using ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt jud<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t).<span class=\"_ _3b2\"> </span></span></div><div class=\"t m0 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs381\">Th<span class=\"_ _0\"></span>e provis<span class=\"_ _0\"></span>ions of I<span class=\"_ _0\"></span>FR<span class=\"_ _0\"></span>S 9 inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>e a reb<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ble p<span class=\"_ _0\"></span>resu<span class=\"_ _0\"></span>mptio<span class=\"_ _0\"></span>n that t<span class=\"_ _0\"></span>he cre<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t risk o<span class=\"_ _0\"></span>n a f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial a<span class=\"_ _0\"></span>sset h<span class=\"_ _0\"></span>as in<span class=\"_ _0\"></span>creas<span class=\"_ _0\"></span>ed si<span class=\"_ _0\"></span>gnif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>antl<span class=\"_ _0\"></span>y sin<span class=\"_ _0\"></span>ce in<span class=\"_ _0\"></span>itia<span class=\"_ _0\"></span>l </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs382\">rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>on whe<span class=\"_ _0\"></span>n con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>tual pay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts are mo<span class=\"_ _0\"></span>re than 30 days pas<span class=\"_ _0\"></span>t due<span class=\"_ _0\"></span>, whic<span class=\"_ _0\"></span>h is taken into acco<span class=\"_ _0\"></span>unt for this ass<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs383\">Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p makes u<span class=\"_ _0\"></span>se of a pra<span class=\"_ _0\"></span>ctic<span class=\"_ _0\"></span>al ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>die<span class=\"_ _0\"></span>nt availab<span class=\"_ _0\"></span>le in I<span class=\"_ _0\"></span>FR<span class=\"_ _0\"></span>S 9 whe<span class=\"_ _0\"></span>reby i<span class=\"_ _0\"></span>t can b<span class=\"_ _0\"></span>e ass<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>d that t<span class=\"_ _0\"></span>he cr<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>t risk o<span class=\"_ _0\"></span>n a f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>l inst<span class=\"_ _0\"></span>rum<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs384\">has<span class=\"_ gsec\"> </span>not<span class=\"_ gsec\"> </span>i<span class=\"_ _0\"></span>ncre<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>d signif<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>can<span class=\"_ _0\"></span>tly sin<span class=\"_ _0\"></span>ce ini<span class=\"_ _0\"></span>tial rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>niti<span class=\"_ _0\"></span>on if the f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al instr<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ent is de<span class=\"_ _0\"></span>termi<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>d to have <span class=\"_ _1\"></span>low cre<span class=\"_ _0\"></span>dit ris<span class=\"_ _0\"></span>k at the repo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng date </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs385\">(e.g.<span class=\"_ gsec\"> </span>investm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t grade as de<span class=\"_ _0\"></span>term<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d by the Group<span class=\"_ _0\"></span>\u2019s asset manag<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s). <span class=\"_ _1\"></span>This all<span class=\"_ _0\"></span>ows reco<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of 1<span class=\"_ _1\"></span>2-m<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>h ECL<span class=\"_ _0\"></span>s as oppo<span class=\"_ _0\"></span>sed to, poten<span class=\"_ _0\"></span>tiall<span class=\"_ _0\"></span>y, </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs386\">lifetim<span class=\"_ _0\"></span>e ECL<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>his is dee<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>d to be the case wh<span class=\"_ _0\"></span>ere asse<span class=\"_ _0\"></span>ts that have be<span class=\"_ _0\"></span>en down<span class=\"_ _0\"></span>gra<span class=\"_ _0\"></span>ded re<span class=\"_ _0\"></span>main of go<span class=\"_ _0\"></span>od cre<span class=\"_ _0\"></span>dit qu<span class=\"_ _0\"></span>alit<span class=\"_ _0\"></span>y (i<span class=\"_ _0\"></span>.e. invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt grad<span class=\"_ _0\"></span>e </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs387\">as<span class=\"_ gsec\"> </span>deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ed by the Gro<span class=\"_ _0\"></span>up\u2019s asset ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>ers) as at the repor<span class=\"_ _3\"></span>ting date, to the ex<span class=\"_ _0\"></span>tent th<span class=\"_ _0\"></span>at, whe<span class=\"_ _0\"></span>re rele<span class=\"_ _0\"></span>vant<span class=\"_ _0\"></span>, the Gro<span class=\"_ _0\"></span>up\u2019s internal c<span class=\"_ _0\"></span>redi<span class=\"_ _0\"></span>t risk rat<span class=\"_ _0\"></span>ings<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs388\">are con<span class=\"_ _0\"></span>side<span class=\"_ _0\"></span>red to be co<span class=\"_ _0\"></span>nsiste<span class=\"_ _0\"></span>nt with a glo<span class=\"_ _0\"></span>ball<span class=\"_ _0\"></span>y unde<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>tood def<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>n of \u2018l<span class=\"_ _0\"></span>ow credi<span class=\"_ _0\"></span>t risk<span class=\"_ _3\"></span>\u2019<span class=\"_ _1\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs389\">Th<span class=\"_ _0\"></span>e Group es<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>ates ECL<span class=\"_ _0\"></span>s on its fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nts at amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>ed co<span class=\"_ _0\"></span>st and de<span class=\"_ _0\"></span>bt ins<span class=\"_ _0\"></span>tru<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts at F<span class=\"_ _0\"></span>VO<span class=\"_ _0\"></span>CI whic<span class=\"_ _0\"></span>h are not cre<span class=\"_ _0\"></span>dit-<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>mpai<span class=\"_ _0\"></span>red by usin<span class=\"_ _0\"></span>g </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs38a\">the pro<span class=\"_ _0\"></span>bab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y of defaul<span class=\"_ _0\"></span>t appro<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>h. Bas<span class=\"_ _0\"></span>ed on this m<span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>, the ECL<span class=\"_ _0\"></span>s are a proba<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>-we<span class=\"_ _0\"></span>ighted es<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>ate of <span class=\"_ _1\"></span>the pre<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>t value of estim<span class=\"_ _0\"></span>ated cas<span class=\"_ _0\"></span>h </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs38b\">sho<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>falls<span class=\"_ _0\"></span>, i.e. th<span class=\"_ _0\"></span>e weighted aver<span class=\"_ _0\"></span>age of cred<span class=\"_ _0\"></span>it los<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>, with th<span class=\"_ _0\"></span>e respe<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ive risk<span class=\"_ _0\"></span>s of a <span class=\"_ _1\"></span>defaul<span class=\"_ _0\"></span>t oc<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ng use<span class=\"_ _0\"></span>d as the weighti<span class=\"_ _0\"></span>ngs<span class=\"_ _0\"></span>. For this pu<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>, the </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs38c\">key elem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s to <span class=\"_ _1\"></span>be ca<span class=\"_ _0\"></span>lcu<span class=\"_ _0\"></span>lated are the Pro<span class=\"_ _0\"></span>bab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y of Defau<span class=\"_ _0\"></span>lt (PD), i.e. th<span class=\"_ _0\"></span>e estim<span class=\"_ _0\"></span>ate of the likeliho<span class=\"_ _0\"></span>od of defaul<span class=\"_ _0\"></span>t over a given tim<span class=\"_ _0\"></span>e hor<span class=\"_ _0\"></span>izon (either<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs38d\">1<span class=\"_ _1\"></span>2 months o<span class=\"_ _0\"></span>r lifetime); the res<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ctive Lo<span class=\"_ _0\"></span>ss Give<span class=\"_ _0\"></span>n Defaul<span class=\"_ _0\"></span>t (LGD); and the E<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>osu<span class=\"_ _0\"></span>re at Default (E<span class=\"_ _3\"></span>A<span class=\"_ _0\"></span>D).<span class=\"_ _3b2\"> </span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs38e\">E<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>osur<span class=\"_ _0\"></span>es that move into S<span class=\"_ _0\"></span>tag<span class=\"_ _0\"></span>e 3 are able to transi<span class=\"_ _0\"></span>tion ba<span class=\"_ _0\"></span>ck to St<span class=\"_ _0\"></span>age 2 if the ass<span class=\"_ _0\"></span>et no lon<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>r mee<span class=\"_ _0\"></span>ts the def<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>n of default<span class=\"_ _0\"></span>. Sim<span class=\"_ _0\"></span>ilar<span class=\"_ _0\"></span>ly, exposu<span class=\"_ _0\"></span>res </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs38f\">will re<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>tran<span class=\"_ _0\"></span>siti<span class=\"_ _0\"></span>on fro<span class=\"_ _0\"></span>m S<span class=\"_ _0\"></span>tage 2 to St<span class=\"_ _0\"></span>age 1 whe<span class=\"_ _0\"></span>re the SI<span class=\"_ _0\"></span>CR in<span class=\"_ _0\"></span>dic<span class=\"_ _0\"></span>ators no lo<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>r app<span class=\"_ _0\"></span>ly. No separate cu<span class=\"_ _0\"></span>re or prob<span class=\"_ _0\"></span>ation p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>ods are ap<span class=\"_ _0\"></span>plie<span class=\"_ _0\"></span>d on the ba<span class=\"_ _0\"></span>sis </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs390\">that asse<span class=\"_ _0\"></span>ts will not be re<span class=\"_ _0\"></span>-<span class=\"_ _3\"></span>rated or moved o<span class=\"_ _0\"></span>ut of defaul<span class=\"_ _0\"></span>t until the<span class=\"_ _0\"></span>re is evide<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e of stabl<span class=\"_ _0\"></span>e and imp<span class=\"_ _0\"></span>roved pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>man<span class=\"_ _0\"></span>ce.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs391\">In ord<span class=\"_ _0\"></span>er to dete<span class=\"_ _0\"></span>rmi<span class=\"_ _0\"></span>ne 1<span class=\"_ _1\"></span>2-<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>h or lifeti<span class=\"_ _0\"></span>me P<span class=\"_ _0\"></span>Ds th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p\u2019s mod<span class=\"_ _0\"></span>els u<span class=\"_ _0\"></span>tilise hi<span class=\"_ _0\"></span>stori<span class=\"_ _0\"></span>cal d<span class=\"_ _0\"></span>ata ob<span class=\"_ _0\"></span>tain<span class=\"_ _0\"></span>ed fro<span class=\"_ _0\"></span>m S<span class=\"_ _0\"></span>&amp;<span class=\"_ _0\"></span>P an<span class=\"_ _0\"></span>d Mo<span class=\"_ _0\"></span>ody<span class=\"_ _3\"></span>\u2019s in order to eval<span class=\"_ _0\"></span>uate </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs392\">tran<span class=\"_ _0\"></span>siti<span class=\"_ _0\"></span>ons (i.e<span class=\"_ _0\"></span>. the pro<span class=\"_ _0\"></span>babi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y that a se<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>es ratin<span class=\"_ _0\"></span>g in a given year) and defau<span class=\"_ _0\"></span>lts<span class=\"_ _0\"></span>, plus sc<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ario<span class=\"_ _3\"></span>-<span class=\"_ _0\"></span>spe<span class=\"_ _0\"></span>cif<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>c annua<span class=\"_ _0\"></span>l scali<span class=\"_ _0\"></span>ng factor<span class=\"_ _0\"></span>s whic<span class=\"_ _0\"></span>h </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs393\">adjus<span class=\"_ _0\"></span>t the PDs for for<span class=\"_ _0\"></span>wa<span class=\"_ _0\"></span>rd<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>ok<span class=\"_ _0\"></span>ing infor<span class=\"_ _0\"></span>mati<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>. The f<span class=\"_ _0\"></span>inal P<span class=\"_ _0\"></span>Ds prod<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>ed by the mo<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>l are unco<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal<span class=\"_ _0\"></span>, i.e. the<span class=\"_ _0\"></span>y inco<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ate both the pro<span class=\"_ _0\"></span>babi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y of </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs394\">not defaul<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g until the st<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>t of the pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>, and the sub<span class=\"_ _0\"></span>seq<span class=\"_ _0\"></span>uen<span class=\"_ _0\"></span>t prob<span class=\"_ _0\"></span>abili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y of default in that p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>, con<span class=\"_ _0\"></span>diti<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>l on the pos<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>n not havin<span class=\"_ _0\"></span>g defaul<span class=\"_ _0\"></span>ted </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs395\">to that point<span class=\"_ _0\"></span>. This all<span class=\"_ _0\"></span>ows them to be sum<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>d over 1<span class=\"_ _1\"></span>2 months to provid<span class=\"_ _0\"></span>e 1<span class=\"_ _1\"></span>2-<span class=\"_ _0\"></span>mon<span class=\"_ _0\"></span>th PD esti<span class=\"_ _0\"></span>mates<span class=\"_ _0\"></span>, or over all remai<span class=\"_ _0\"></span>nin<span class=\"_ _0\"></span>g mont<span class=\"_ _0\"></span>hs to produc<span class=\"_ _0\"></span>e lifetim<span class=\"_ _0\"></span>e </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls10 ws12 gs396\">PD estimat<span class=\"_ _1\"></span>es.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs397\">LGD is the magni<span class=\"_ _0\"></span>tud<span class=\"_ _0\"></span>e of the likely los<span class=\"_ _0\"></span>s if there is a defaul<span class=\"_ _0\"></span>t, ba<span class=\"_ _0\"></span>sed on th<span class=\"_ _0\"></span>e histor<span class=\"_ _3\"></span>y of <span class=\"_ _1\"></span>rec<span class=\"_ _0\"></span>over<span class=\"_ _3\"></span>y rates of <span class=\"_ _1\"></span>clai<span class=\"_ _0\"></span>ms agai<span class=\"_ _0\"></span>nst defau<span class=\"_ _0\"></span>lted c<span class=\"_ _0\"></span>ounter<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s, an<span class=\"_ _0\"></span>d </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs398\">tak<span class=\"_ _0\"></span>ing into acc<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nt coll<span class=\"_ _0\"></span>ateral valu<span class=\"_ _0\"></span>es whe<span class=\"_ _0\"></span>re app<span class=\"_ _0\"></span>lic<span class=\"_ _0\"></span>able<span class=\"_ _0\"></span>. </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs399\">E<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>D rep<span class=\"_ _0\"></span>rese<span class=\"_ _0\"></span>nts the exp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>cted exp<span class=\"_ _0\"></span>osu<span class=\"_ _0\"></span>re in the event of a defaul<span class=\"_ _0\"></span>t. Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p estim<span class=\"_ _0\"></span>ates LGD base<span class=\"_ _0\"></span>d on the histor<span class=\"_ _3\"></span>y of recover<span class=\"_ _3\"></span>y rates of <span class=\"_ _1\"></span>clai<span class=\"_ _0\"></span>ms agai<span class=\"_ _0\"></span>nst </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs39a\">defaul<span class=\"_ _0\"></span>ted co<span class=\"_ _0\"></span>unter<span class=\"_ _0\"></span>par<span class=\"_ _3\"></span>ties. A<span class=\"_ _0\"></span>pp<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>riate hairc<span class=\"_ _0\"></span>uts are ap<span class=\"_ _0\"></span>plie<span class=\"_ _0\"></span>d to baselin<span class=\"_ _0\"></span>e unse<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>red LGDs an<span class=\"_ _0\"></span>d used in co<span class=\"_ _0\"></span>njun<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on wit<span class=\"_ _0\"></span>h forec<span class=\"_ _0\"></span>ast co<span class=\"_ _0\"></span>llater<span class=\"_ _0\"></span>al value<span class=\"_ _0\"></span>s to </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs39b\">esti<span class=\"_ _0\"></span>mate LGD for assets se<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>ed by coll<span class=\"_ _0\"></span>ateral<span class=\"_ _0\"></span>. </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs39c\">Th<span class=\"_ _0\"></span>e Group ha<span class=\"_ _0\"></span>s adopte<span class=\"_ _0\"></span>d a simplif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d app<span class=\"_ _0\"></span>roac<span class=\"_ _0\"></span>h for trade re<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ivab<span class=\"_ _0\"></span>les<span class=\"_ _0\"></span>, con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>t asse<span class=\"_ _0\"></span>ts and f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>ce an<span class=\"_ _0\"></span>d ope<span class=\"_ _0\"></span>ratin<span class=\"_ _0\"></span>g lease re<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ivab<span class=\"_ _0\"></span>les<span class=\"_ _0\"></span>. This all<span class=\"_ _0\"></span>ows </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs39d\">meas<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t of lifetime ECL<span class=\"_ _0\"></span>s onl<span class=\"_ _0\"></span>y, thereby rem<span class=\"_ _0\"></span>ovin<span class=\"_ _0\"></span>g the ne<span class=\"_ _0\"></span>ed to iden<span class=\"_ _0\"></span>tif<span class=\"_ _0\"></span>y SI<span class=\"_ _0\"></span>CRs<span class=\"_ _0\"></span>. For the<span class=\"_ _0\"></span>se bala<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>s, th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p makes use of provisio<span class=\"_ _0\"></span>n matr<span class=\"_ _0\"></span>ice<span class=\"_ _0\"></span>s </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs39e\">in orde<span class=\"_ _0\"></span>r to calcu<span class=\"_ _0\"></span>late such lifeti<span class=\"_ _0\"></span>me EC<span class=\"_ _0\"></span>Ls<span class=\"_ _0\"></span>. This is a prac<span class=\"_ _0\"></span>tic<span class=\"_ _0\"></span>al exp<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>ent all<span class=\"_ _0\"></span>owed by IFR<span class=\"_ _0\"></span>S 9 where<span class=\"_ _0\"></span>by histori<span class=\"_ _0\"></span>cal cr<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>t loss ex<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e and fi<span class=\"_ _0\"></span>xed loss<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs39f\">rates are appl<span class=\"_ _0\"></span>ied to the bala<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>s out<span class=\"_ _0\"></span>stan<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>g. Histo<span class=\"_ _0\"></span>ric<span class=\"_ _0\"></span>al los<span class=\"_ _0\"></span>s rates are adjuste<span class=\"_ _0\"></span>d to allow for f<span class=\"_ _1\"></span>or<span class=\"_ _0\"></span>war<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>ok<span class=\"_ _0\"></span>ing infor<span class=\"_ _0\"></span>mati<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h58 ff9 fs5 fc2 sc0 ls11 ws7e gs3a1\">Hedge accounting<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs3a2\">Th<span class=\"_ _0\"></span>e Group us<span class=\"_ _0\"></span>es he<span class=\"_ _0\"></span>dge ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>unti<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>, provid<span class=\"_ _0\"></span>ed the pre<span class=\"_ _0\"></span>scr<span class=\"_ _0\"></span>ib<span class=\"_ _0\"></span>ed cr<span class=\"_ _0\"></span>iter<span class=\"_ _0\"></span>ia are met<span class=\"_ _0\"></span>, to reco<span class=\"_ _0\"></span>gnise th<span class=\"_ _0\"></span>e offs<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g effe<span class=\"_ _0\"></span>cts of chan<span class=\"_ _0\"></span>ges in th<span class=\"_ _0\"></span>e fair value or c<span class=\"_ _0\"></span>ash </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs3a3\">fl<span class=\"_ _0\"></span>ow of the deri<span class=\"_ _0\"></span>vative ins<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nt and th<span class=\"_ _0\"></span>e hedg<span class=\"_ _0\"></span>ed i<span class=\"_ _0\"></span>tem. He<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>e acc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ting ca<span class=\"_ _0\"></span>n be app<span class=\"_ _0\"></span>lied in o<span class=\"_ _0\"></span>rder to:<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff3 fs5 fc1 sc0 ls9 ws15 gs3a4\">\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">hed<span class=\"_ _0\"></span>ge the ex<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>ure to fair value move<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts of a recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d asset o<span class=\"_ _0\"></span>r liabili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y or an unre<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>irm c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>mitm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t, or a co<span class=\"_ _0\"></span>mpo<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>nt of any </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs3a5\">suc<span class=\"_ _0\"></span>h item<span class=\"_ _0\"></span>, that is att<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>uta<span class=\"_ _0\"></span>ble to a par<span class=\"_ _0\"></span>tic<span class=\"_ _0\"></span>ular r<span class=\"_ _0\"></span>isk and co<span class=\"_ _0\"></span>uld af<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t the Co<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>lidated In<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me S<span class=\"_ _0\"></span>tate<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff3 fs5 fc1 sc0 ls9 ws15 gs3a6\">\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">hed<span class=\"_ _0\"></span>ge the ex<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>ure to variab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y in cas<span class=\"_ _0\"></span>h fl<span class=\"_ _0\"></span>ows attr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>tab<span class=\"_ _0\"></span>le to a par<span class=\"_ _0\"></span>tic<span class=\"_ _0\"></span>ular ri<span class=\"_ _0\"></span>sk asso<span class=\"_ _0\"></span>ciate<span class=\"_ _0\"></span>d with all, o<span class=\"_ _0\"></span>r a comp<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ent of, a recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d asset o<span class=\"_ _0\"></span>r </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs3a7\">liabi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y, or a highly pro<span class=\"_ _0\"></span>babl<span class=\"_ _0\"></span>e forec<span class=\"_ _0\"></span>ast tr<span class=\"_ _0\"></span>ansa<span class=\"_ _0\"></span>ctio<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>, that cou<span class=\"_ _0\"></span>ld affe<span class=\"_ _0\"></span>ct the C<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>olid<span class=\"_ _0\"></span>ated Inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e S<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nt<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff3 fs5 fc1 sc0 ls9 ws15 gs3a8\">\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">hed<span class=\"_ _0\"></span>ge the ex<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>ure to the cur<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>y risk ass<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>iated with a ne<span class=\"_ _0\"></span>t investm<span class=\"_ _0\"></span>ent in a foreig<span class=\"_ _0\"></span>n ope<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs3a9\">Th<span class=\"_ _0\"></span>e relatio<span class=\"_ _0\"></span>nsh<span class=\"_ _0\"></span>ip bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en the he<span class=\"_ _0\"></span>dgi<span class=\"_ _0\"></span>ng ins<span class=\"_ _0\"></span>tru<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt and the he<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>ed item<span class=\"_ _0\"></span>, toge<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r with the r<span class=\"_ _0\"></span>isk mana<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t obje<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ve and str<span class=\"_ _0\"></span>ategy for und<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>taki<span class=\"_ _0\"></span>ng </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs3aa\">the he<span class=\"_ _0\"></span>dge tr<span class=\"_ _0\"></span>ansa<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>, are doc<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nted for<span class=\"_ _0\"></span>mall<span class=\"_ _0\"></span>y at the inc<span class=\"_ _0\"></span>eptio<span class=\"_ _0\"></span>n of the trans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e doc<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>ntati<span class=\"_ _0\"></span>on in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>des ide<span class=\"_ _0\"></span>ntif<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>catio<span class=\"_ _0\"></span>n of the hed<span class=\"_ _0\"></span>gin<span class=\"_ _0\"></span>g </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs3ab\">inst<span class=\"_ _0\"></span>rum<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t, the h<span class=\"_ _0\"></span>edg<span class=\"_ _0\"></span>ed ite<span class=\"_ _0\"></span>m, th<span class=\"_ _0\"></span>e nature of the risk b<span class=\"_ _0\"></span>eing h<span class=\"_ _0\"></span>edg<span class=\"_ _0\"></span>ed an<span class=\"_ _0\"></span>d how the Grou<span class=\"_ _0\"></span>p will asse<span class=\"_ _0\"></span>ss whet<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r the hed<span class=\"_ _0\"></span>gin<span class=\"_ _0\"></span>g relatio<span class=\"_ _0\"></span>nsh<span class=\"_ _0\"></span>ip me<span class=\"_ _0\"></span>ets the he<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>e </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs3ac\">ef<span class=\"_ _0\"></span>fecti<span class=\"_ _0\"></span>ven<span class=\"_ _0\"></span>ess req<span class=\"_ _0\"></span>uire<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts (inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>ing the an<span class=\"_ _0\"></span>alys<span class=\"_ _0\"></span>is of sourc<span class=\"_ _0\"></span>es of hedg<span class=\"_ _0\"></span>e inef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>tive<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>s and how the he<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>e ratio is deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>). A hedgi<span class=\"_ _0\"></span>ng </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs3ad\">relati<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>hip qual<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ies for he<span class=\"_ _0\"></span>dge ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>unti<span class=\"_ _0\"></span>ng if it me<span class=\"_ _0\"></span>ets all of the followi<span class=\"_ _0\"></span>ng ef<span class=\"_ _0\"></span>fecti<span class=\"_ _0\"></span>ven<span class=\"_ _0\"></span>ess req<span class=\"_ _0\"></span>uire<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts:<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws15 gs3ae\">\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">the<span class=\"_ _0\"></span>re is an e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>nom<span class=\"_ _0\"></span>ic rel<span class=\"_ _0\"></span>ation<span class=\"_ _0\"></span>ship b<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en th<span class=\"_ _0\"></span>e hed<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>d item a<span class=\"_ _0\"></span>nd th<span class=\"_ _0\"></span>e hed<span class=\"_ _0\"></span>gin<span class=\"_ _0\"></span>g inst<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _3b2\"> </span></span></div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws15 gs3af\">\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">the ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t of cre<span class=\"_ _0\"></span>dit r<span class=\"_ _0\"></span>isk d<span class=\"_ _0\"></span>oes n<span class=\"_ _0\"></span>ot do<span class=\"_ _0\"></span>mina<span class=\"_ _0\"></span>te the valu<span class=\"_ _0\"></span>e cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>s that res<span class=\"_ _0\"></span>ult f<span class=\"_ _0\"></span>rom th<span class=\"_ _0\"></span>at ec<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>omi<span class=\"_ _0\"></span>c relat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>ship<span class=\"_ _3b2\"> </span></span></div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws15 gs3b0\">\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">the h<span class=\"_ _0\"></span>edg<span class=\"_ _0\"></span>e rati<span class=\"_ _0\"></span>o of the he<span class=\"_ _0\"></span>dgi<span class=\"_ _0\"></span>ng rel<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>nshi<span class=\"_ _0\"></span>p is the s<span class=\"_ _0\"></span>ame as t<span class=\"_ _0\"></span>hat res<span class=\"_ _0\"></span>ulti<span class=\"_ _0\"></span>ng fro<span class=\"_ _0\"></span>m the q<span class=\"_ _0\"></span>uant<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y of the h<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>d item th<span class=\"_ _0\"></span>at the G<span class=\"_ _0\"></span>roup a<span class=\"_ _0\"></span>ctu<span class=\"_ _0\"></span>ally h<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>ges<span class=\"_ _0\"></span> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs3b1\">and the qu<span class=\"_ _0\"></span>anti<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y of the hedg<span class=\"_ _0\"></span>ing ins<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nt that th<span class=\"_ _0\"></span>e Group ac<span class=\"_ _0\"></span>tual<span class=\"_ _0\"></span>ly uses to hed<span class=\"_ _0\"></span>ge that qu<span class=\"_ _0\"></span>anti<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y of hedge<span class=\"_ _0\"></span>d item<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs3b2\">Cur<span class=\"_ _0\"></span>rent<span class=\"_ _0\"></span>ly, the Group he<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>es foreig<span class=\"_ _0\"></span>n exchan<span class=\"_ _0\"></span>ge tran<span class=\"_ _0\"></span>slati<span class=\"_ _0\"></span>on and inte<span class=\"_ _0\"></span>rest rate risk<span class=\"_ _0\"></span>s on its fi<span class=\"_ _0\"></span>xed rate US<span class=\"_ _0\"></span>D den<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>inated bo<span class=\"_ _0\"></span>rrow<span class=\"_ _0\"></span>ings (the he<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>ed item<span class=\"_ _0\"></span>s), </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs3b3\">usin<span class=\"_ _0\"></span>g cross<span class=\"_ _0\"></span>-<span class=\"_ _3\"></span>cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cy interes<span class=\"_ _0\"></span>t rate swaps (the hed<span class=\"_ _0\"></span>gin<span class=\"_ _0\"></span>g items). It reco<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>s the ef<span class=\"_ _0\"></span>fecti<span class=\"_ _0\"></span>ve por<span class=\"_ _3\"></span>tion of the gai<span class=\"_ _0\"></span>n or loss o<span class=\"_ _0\"></span>n the hed<span class=\"_ _0\"></span>gin<span class=\"_ _0\"></span>g items in the<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs3b4\">Co<span class=\"_ _0\"></span>nsol<span class=\"_ _0\"></span>idated S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ateme<span class=\"_ _0\"></span>nt of Com<span class=\"_ _0\"></span>preh<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>ive Inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e and in a sepa<span class=\"_ _0\"></span>rate reser<span class=\"_ _3\"></span>ve within eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y. The gain o<span class=\"_ _0\"></span>r loss rel<span class=\"_ _0\"></span>ating to the inef<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ve por<span class=\"_ _3\"></span>tion is </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs3b5\">rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d imme<span class=\"_ _0\"></span>diatel<span class=\"_ _0\"></span>y in the Co<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>lidated In<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me S<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>teme<span class=\"_ _0\"></span>nt. A<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>unts ac<span class=\"_ _0\"></span>cum<span class=\"_ _0\"></span>ulated in e<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>ty are re<span class=\"_ _0\"></span>cla<span class=\"_ _0\"></span>ssif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d in the pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>ds whe<span class=\"_ _0\"></span>n the he<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>d </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs3b6\">item af<span class=\"_ _0\"></span>fects pr<span class=\"_ _0\"></span>ofi<span class=\"_ _0\"></span>t or loss<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h58 ff9 fs5 fc2 sc0 ls11 ws7e gs3b7\">Fair<span class=\"_ _1\"></span> value m<span class=\"_ _1\"></span>easurement<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs3b8\">Fair valu<span class=\"_ _0\"></span>e is th<span class=\"_ _0\"></span>e pri<span class=\"_ _0\"></span>ce th<span class=\"_ _0\"></span>at would b<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>cei<span class=\"_ _0\"></span>ved to se<span class=\"_ _0\"></span>ll an ass<span class=\"_ _0\"></span>et or p<span class=\"_ _0\"></span>aid to tran<span class=\"_ _0\"></span>sfer a lia<span class=\"_ _0\"></span>bilit<span class=\"_ _0\"></span>y i<span class=\"_ _0\"></span>n an ord<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ly tr<span class=\"_ _0\"></span>ansa<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on be<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n mar<span class=\"_ _0\"></span>ket par<span class=\"_ _3\"></span>ticipa<span class=\"_ _0\"></span>nts at </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs3b9\">the me<span class=\"_ _0\"></span>asure<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt date.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs3ba\">Fair valu<span class=\"_ _0\"></span>e measu<span class=\"_ _0\"></span>rem<span class=\"_ _0\"></span>ents are bas<span class=\"_ _0\"></span>ed on o<span class=\"_ _0\"></span>bser<span class=\"_ _3\"></span>vabl<span class=\"_ _0\"></span>e and uno<span class=\"_ _0\"></span>bse<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vab<span class=\"_ _0\"></span>le inp<span class=\"_ _0\"></span>uts<span class=\"_ _0\"></span>. Obse<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ble in<span class=\"_ _0\"></span>put<span class=\"_ _0\"></span>s refle<span class=\"_ _0\"></span>ct ma<span class=\"_ _0\"></span>rket data o<span class=\"_ _0\"></span>btain<span class=\"_ _0\"></span>ed fro<span class=\"_ _0\"></span>m inde<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs3bb\">sou<span class=\"_ _0\"></span>rces<span class=\"_ _0\"></span>, whil<span class=\"_ _0\"></span>e unob<span class=\"_ _0\"></span>ser<span class=\"_ _3\"></span>vable in<span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>ts refl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t the Grou<span class=\"_ _0\"></span>p\u2019s view of market assu<span class=\"_ _0\"></span>mpti<span class=\"_ _0\"></span>ons in the ab<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>ce of obse<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ble mar<span class=\"_ _0\"></span>ket infor<span class=\"_ _0\"></span>matio<span class=\"_ _0\"></span>n. T<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs3bc\">utili<span class=\"_ _0\"></span>ses tech<span class=\"_ _0\"></span>niqu<span class=\"_ _0\"></span>es that ma<span class=\"_ _0\"></span>xi<span class=\"_ _0\"></span>mise the us<span class=\"_ _0\"></span>e of obser<span class=\"_ _3\"></span>vable in<span class=\"_ _0\"></span>put<span class=\"_ _0\"></span>s and mini<span class=\"_ _0\"></span>mise the us<span class=\"_ _0\"></span>e of unobs<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ble in<span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>ts. </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs3bd\">Th<span class=\"_ _0\"></span>e best ev<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e of the fair value of a fina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al instr<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ent at ini<span class=\"_ _0\"></span>tial re<span class=\"_ _0\"></span>cog<span class=\"_ _0\"></span>nit<span class=\"_ _0\"></span>ion is no<span class=\"_ _0\"></span>rma<span class=\"_ _0\"></span>lly the tr<span class=\"_ _0\"></span>ansa<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on pri<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>. In cer<span class=\"_ _3\"></span>tain circ<span class=\"_ _0\"></span>ums<span class=\"_ _0\"></span>tan<span class=\"_ _0\"></span>ces<span class=\"_ _0\"></span>, the fair<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs3be\">value at ini<span class=\"_ _0\"></span>tial re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnit<span class=\"_ _0\"></span>ion dif<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>rs from th<span class=\"_ _0\"></span>e trans<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>ion pr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e. If the fair valu<span class=\"_ _0\"></span>e is evide<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ed by co<span class=\"_ _0\"></span>mpar<span class=\"_ _0\"></span>iso<span class=\"_ _0\"></span>n by a quoted pric<span class=\"_ _0\"></span>e in an acti<span class=\"_ _0\"></span>ve market for </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs3bf\">an ide<span class=\"_ _0\"></span>ntic<span class=\"_ _0\"></span>al inst<span class=\"_ _0\"></span>rum<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t, or is base<span class=\"_ _0\"></span>d on a valuati<span class=\"_ _0\"></span>on tec<span class=\"_ _0\"></span>hniq<span class=\"_ _0\"></span>ue that use<span class=\"_ _0\"></span>s only dat<span class=\"_ _0\"></span>a from ob<span class=\"_ _0\"></span>ser<span class=\"_ _3\"></span>vable ma<span class=\"_ _0\"></span>rkets<span class=\"_ _0\"></span>, the dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en the fair valu<span class=\"_ _0\"></span>e at </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs3c0\">init<span class=\"_ _0\"></span>ial rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>niti<span class=\"_ _0\"></span>on and th<span class=\"_ _0\"></span>e trans<span class=\"_ _0\"></span>acti<span class=\"_ _0\"></span>on pr<span class=\"_ _0\"></span>ice is re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d as a gain or los<span class=\"_ _0\"></span>s in the Co<span class=\"_ _0\"></span>nsol<span class=\"_ _0\"></span>idated In<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me S<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t. In all othe<span class=\"_ _0\"></span>r case<span class=\"_ _0\"></span>s, the di<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>feren<span class=\"_ _0\"></span>ce </div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs3c1\">bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en th<span class=\"_ _0\"></span>e fair valu<span class=\"_ _0\"></span>e at ini<span class=\"_ _0\"></span>tial re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n and t<span class=\"_ _0\"></span>he tra<span class=\"_ _0\"></span>nsa<span class=\"_ _0\"></span>ctio<span class=\"_ _0\"></span>n pr<span class=\"_ _0\"></span>ice is d<span class=\"_ _0\"></span>efer<span class=\"_ _0\"></span>red an<span class=\"_ _0\"></span>d rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e Co<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>lidated I<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ome S<span class=\"_ _3\"></span>tateme<span class=\"_ _0\"></span>nt over t<span class=\"_ _0\"></span>he </div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs3c2\">life of the ins<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nt to the ex<span class=\"_ _3\"></span>tent that i<span class=\"_ _0\"></span>t aris<span class=\"_ _0\"></span>es fro<span class=\"_ _0\"></span>m a cha<span class=\"_ _0\"></span>nge i<span class=\"_ _0\"></span>n a facto<span class=\"_ _0\"></span>r (inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>ing ti<span class=\"_ _0\"></span>me) that mar<span class=\"_ _0\"></span>ket par<span class=\"_ _3\"></span>ticip<span class=\"_ _0\"></span>ants wo<span class=\"_ _0\"></span>uld ta<span class=\"_ _0\"></span>ke into acc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t whe<span class=\"_ _0\"></span>n </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs3c3\">pri<span class=\"_ _0\"></span>cin<span class=\"_ _0\"></span>g the inst<span class=\"_ _0\"></span>rum<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h15 ff1 fs5 fc2 sc0 lsdf wsc8 gs3c4\">Re<span class=\"_ _0\"></span>venue<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h58 ff9 fs5 fc2 sc0 ls38 ws3b gs3c5\">Insurance rev<span class=\"_ _1\"></span>enue<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs3c6\">Th<span class=\"_ _0\"></span>e Group\u2019s insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce reven<span class=\"_ _0\"></span>ue de<span class=\"_ _0\"></span>pic<span class=\"_ _0\"></span>ts the prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>n of ser<span class=\"_ _0\"></span>vic<span class=\"_ _0\"></span>es ar<span class=\"_ _0\"></span>ising fro<span class=\"_ _0\"></span>m a group of insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>acts<span class=\"_ _0\"></span>, refl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g the con<span class=\"_ _0\"></span>side<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>on the<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs3c7\">Grou<span class=\"_ _0\"></span>p expe<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s to be entitle<span class=\"_ _0\"></span>d to in exchang<span class=\"_ _0\"></span>e for those se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces<span class=\"_ _0\"></span>. Insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce reven<span class=\"_ _0\"></span>ue fro<span class=\"_ _0\"></span>m a group of insur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts is the<span class=\"_ _0\"></span>refore the rel<span class=\"_ _0\"></span>evant<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs3c8\">por<span class=\"_ _3\"></span>tion for th<span class=\"_ _0\"></span>e per<span class=\"_ _0\"></span>iod of the total co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>erati<span class=\"_ _0\"></span>on for the c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>s, (i.e<span class=\"_ _0\"></span>. the amo<span class=\"_ _0\"></span>unt of pre<span class=\"_ _0\"></span>mium<span class=\"_ _0\"></span>s paid to the Group ad<span class=\"_ _0\"></span>justed for f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>ncin<span class=\"_ _0\"></span>g ef<span class=\"_ _0\"></span>fect<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs3c9\">(the<span class=\"_ gsec\"> </span>tim<span class=\"_ _0\"></span>e value of mon<span class=\"_ _0\"></span>ey) and exclu<span class=\"_ _0\"></span>ding any inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>one<span class=\"_ _0\"></span>nts). </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs3ca\">Th<span class=\"_ _0\"></span>e total consi<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n for a group of contr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>ts cover<span class=\"_ _0\"></span>s amou<span class=\"_ _0\"></span>nts relate<span class=\"_ _0\"></span>d to the provisio<span class=\"_ _0\"></span>n of ser<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces an<span class=\"_ _0\"></span>d com<span class=\"_ _0\"></span>pri<span class=\"_ _0\"></span>ses:<span class=\"_ _0\"></span> </div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws15 gs3cb\">\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">the re<span class=\"_ _0\"></span>leas<span class=\"_ _0\"></span>e of the C<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>M<span class=\"_ _3b2\"> </span></span></div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws15 gs3cc\">\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>s in the r<span class=\"_ _0\"></span>isk ad<span class=\"_ _0\"></span>just<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t for no<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-f<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial ris<span class=\"_ _0\"></span>k relat<span class=\"_ _0\"></span>ing to cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nt ser<span class=\"_ _3\"></span>vic<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></span></div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws15 gs3cd\">\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">clai<span class=\"_ _0\"></span>ms and ot<span class=\"_ _0\"></span>her i<span class=\"_ _0\"></span>nsur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nses ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cted a<span class=\"_ _0\"></span>t the b<span class=\"_ _0\"></span>egi<span class=\"_ _0\"></span>nnin<span class=\"_ _0\"></span>g of the p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span> </span></div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws15 gs3ce\">\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">exp<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ce adj<span class=\"_ _0\"></span>ustm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s aris<span class=\"_ _0\"></span>ing fro<span class=\"_ _0\"></span>m pre<span class=\"_ _0\"></span>miu<span class=\"_ _0\"></span>ms re<span class=\"_ _0\"></span>cei<span class=\"_ _0\"></span>ved in t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>od oth<span class=\"_ _0\"></span>er th<span class=\"_ _0\"></span>an tho<span class=\"_ _0\"></span>se th<span class=\"_ _0\"></span>at relate to fut<span class=\"_ _0\"></span>ure se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce<span class=\"_ _3b2\"> </span></span></div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws15 gs3cf\">\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce ac<span class=\"_ _0\"></span>quisi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n co<span class=\"_ _0\"></span>st re<span class=\"_ _0\"></span>cover<span class=\"_ _3\"></span>y deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ed by all<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>atin<span class=\"_ _0\"></span>g the p<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>tion of pre<span class=\"_ _0\"></span>miu<span class=\"_ _0\"></span>ms rel<span class=\"_ _0\"></span>ated to the re<span class=\"_ _0\"></span>cove<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y of tho<span class=\"_ _0\"></span>se c<span class=\"_ _0\"></span>osts o<span class=\"_ _0\"></span>n the b<span class=\"_ _0\"></span>asis </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs3d0\">of<span class=\"_ gsec\"> </span>insur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e cover<span class=\"_ _0\"></span>age prov<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff3 fs5 fc1 sc0 ls9 ws15 gs3d1\">\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">othe<span class=\"_ _0\"></span>r amou<span class=\"_ _0\"></span>nts<span class=\"_ _0\"></span>, incl<span class=\"_ _0\"></span>udin<span class=\"_ _0\"></span>g any other pre<span class=\"_ _3\"></span>-<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>niti<span class=\"_ _0\"></span>on cas<span class=\"_ _0\"></span>h fl<span class=\"_ _0\"></span>ow assets de<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>cog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d at the date of initial re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnit<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></span></div><div class=\"t m0 h58 ff9 fs5 fc2 sc0 ls18 ws0 gs3d3\">Fee<span class=\"_ _0\"></span>s fr<span class=\"_ _0\"></span>om f<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>d ma<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t an<span class=\"_ _0\"></span>d in<span class=\"_ _0\"></span>ves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t 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>s<span class=\"_ _3b2\"> </span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs3d4\">Th<span class=\"_ _0\"></span>e Group g<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>rates reven<span class=\"_ _0\"></span>ue fro<span class=\"_ _0\"></span>m actin<span class=\"_ _0\"></span>g as the invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt manag<span class=\"_ _0\"></span>er for cli<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span>. Fee<span class=\"_ _0\"></span>s charg<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>n investm<span class=\"_ _0\"></span>ent ma<span class=\"_ _0\"></span>nage<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt ser<span class=\"_ _3\"></span>vic<span class=\"_ _0\"></span>es are base<span class=\"_ _0\"></span>d </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs3d5\">on the co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>actu<span class=\"_ _0\"></span>al fee arr<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ents ap<span class=\"_ _0\"></span>plie<span class=\"_ _0\"></span>d to assets un<span class=\"_ _0\"></span>der ma<span class=\"_ _0\"></span>nage<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt and re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed as revenu<span class=\"_ _0\"></span>e as the ser<span class=\"_ _3\"></span>vic<span class=\"_ _0\"></span>es are provid<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs3d6\">Th<span class=\"_ _0\"></span>e Group\u2019s inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e from inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts is pr<span class=\"_ _0\"></span>imar<span class=\"_ _0\"></span>ily de<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ved fro<span class=\"_ _0\"></span>m fees for admi<span class=\"_ _0\"></span>nistr<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n and mana<span class=\"_ _0\"></span>ging of fun<span class=\"_ _0\"></span>ds in pen<span class=\"_ _0\"></span>sio<span class=\"_ _0\"></span>n plans<span class=\"_ _0\"></span>. Revenu<span class=\"_ _0\"></span>e </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs3d7\">gen<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ated on invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts is rec<span class=\"_ _0\"></span>ogni<span class=\"_ _0\"></span>sed as se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces are prov<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>d. N<span class=\"_ _0\"></span>o signif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant jud<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts are appl<span class=\"_ _0\"></span>ied o<span class=\"_ _0\"></span>n the timin<span class=\"_ _0\"></span>g or tran<span class=\"_ _0\"></span>sac<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs3d8\">pri<span class=\"_ _0\"></span>ce. In th<span class=\"_ _0\"></span>e insta<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>es of per<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>man<span class=\"_ _0\"></span>ce fee<span class=\"_ _0\"></span>s where reve<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>e is subje<span class=\"_ _0\"></span>ct to meet<span class=\"_ _0\"></span>ing a cer<span class=\"_ _3\"></span>tain pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>man<span class=\"_ _0\"></span>ce thre<span class=\"_ _0\"></span>sho<span class=\"_ _0\"></span>ld<span class=\"_ _0\"></span>, such reve<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>e is not reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs3d9\">until th<span class=\"_ _0\"></span>e con<span class=\"_ _0\"></span>diti<span class=\"_ _0\"></span>on has be<span class=\"_ _0\"></span>en m<span class=\"_ _0\"></span>et, an<span class=\"_ _0\"></span>d it is highl<span class=\"_ _0\"></span>y prob<span class=\"_ _0\"></span>able th<span class=\"_ _0\"></span>at no signif<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>can<span class=\"_ _0\"></span>t revers<span class=\"_ _0\"></span>al of amoun<span class=\"_ _0\"></span>ts would oc<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>. Variable c<span class=\"_ _0\"></span>osts di<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>tly rel<span class=\"_ _0\"></span>ated </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs3da\">to<span class=\"_ gsec\"> </span>secu<span class=\"_ _0\"></span>rin<span class=\"_ _0\"></span>g new co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts are ca<span class=\"_ _0\"></span>pit<span class=\"_ _0\"></span>alise<span class=\"_ _0\"></span>d and amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>sed over th<span class=\"_ _0\"></span>e estim<span class=\"_ _0\"></span>ated pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d over whic<span class=\"_ _0\"></span>h the reven<span class=\"_ _0\"></span>ue is earn<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs3db\">T<span class=\"_ _1\"></span>ransact<span class=\"_ _0\"></span>ion fee<span class=\"_ _0\"></span>s are charg<span class=\"_ _0\"></span>ed to impl<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent tra<span class=\"_ _0\"></span>des for cli<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span>. Su<span class=\"_ _0\"></span>ch fees are c<span class=\"_ _0\"></span>harg<span class=\"_ _0\"></span>ed at the tim<span class=\"_ _0\"></span>e the tran<span class=\"_ _0\"></span>sac<span class=\"_ _0\"></span>tion ta<span class=\"_ _0\"></span>kes plac<span class=\"_ _0\"></span>e and are base<span class=\"_ _0\"></span>d </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs3dc\">on<span class=\"_ gsec\"> </span>th<span class=\"_ _0\"></span>e<span class=\"_ gsec\"> </span>size of the unde<span class=\"_ _0\"></span>rly<span class=\"_ _0\"></span>ing c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>. </div><div class=\"t m0 h58 ff9 fs5 fc2 sc0 lsf ws38 gs3dd\">Other operational<span class=\"_ _1\"></span> income<span class=\"_ _1\"></span> from contracts<span class=\"_ _1\"></span> with custom<span class=\"_ _1\"></span>ers<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h58 ff9 fs5 fc1 sc0 ls11 ws7e gs3de\">House building<span class=\"_ _3b2\"> </span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs3df\">Hou<span class=\"_ _0\"></span>se buil<span class=\"_ _0\"></span>ding reve<span class=\"_ _0\"></span>nue ar<span class=\"_ _0\"></span>ises fr<span class=\"_ _0\"></span>om the sal<span class=\"_ _0\"></span>e of reside<span class=\"_ _0\"></span>ntial pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es and lan<span class=\"_ _0\"></span>d and is rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ised ne<span class=\"_ _0\"></span>t of disco<span class=\"_ _0\"></span>unts and sa<span class=\"_ _0\"></span>les in<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ntives<span class=\"_ _0\"></span>. It also<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs3e0\">inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>es sale pro<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>ds of par<span class=\"_ _0\"></span>t excha<span class=\"_ _0\"></span>nge p<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>. Sal<span class=\"_ _0\"></span>es of private hou<span class=\"_ _0\"></span>ses are re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d on le<span class=\"_ _0\"></span>gal co<span class=\"_ _0\"></span>mpl<span class=\"_ _0\"></span>etio<span class=\"_ _0\"></span>n. S<span class=\"_ _0\"></span>ale<span class=\"_ _0\"></span>s of social h<span class=\"_ _0\"></span>ousi<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>, where<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs3e1\">mul<span class=\"_ _0\"></span>tipl<span class=\"_ _0\"></span>e units are de<span class=\"_ _0\"></span>velo<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>d and sol<span class=\"_ _0\"></span>d unde<span class=\"_ _0\"></span>r a cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>tual agre<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t with a singl<span class=\"_ _0\"></span>e cus<span class=\"_ _0\"></span>tome<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>, ty<span class=\"_ _0\"></span>pic<span class=\"_ _0\"></span>all<span class=\"_ _0\"></span>y a housin<span class=\"_ _0\"></span>g asso<span class=\"_ _0\"></span>ciati<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>, are rec<span class=\"_ _0\"></span>ogni<span class=\"_ _0\"></span>sed over<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs3e2\">time in ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>rdan<span class=\"_ _0\"></span>ce wi<span class=\"_ _0\"></span>th con<span class=\"_ _0\"></span>str<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>tion p<span class=\"_ _0\"></span>rogre<span class=\"_ _0\"></span>ss. S<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>es of land and co<span class=\"_ _0\"></span>mm<span class=\"_ _0\"></span>erc<span class=\"_ _0\"></span>ial prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>y are reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed on un<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal excha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>, name<span class=\"_ _0\"></span>ly wh<span class=\"_ _0\"></span>en </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs3e3\">con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts are excha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>d or miss<span class=\"_ _0\"></span>ives co<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>ed and<span class=\"_ _0\"></span>, whe<span class=\"_ _0\"></span>re appro<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>iate, co<span class=\"_ _0\"></span>nstr<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n is com<span class=\"_ _0\"></span>plete. T<span class=\"_ _0\"></span>he tra<span class=\"_ _0\"></span>nsac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n pri<span class=\"_ _0\"></span>ce is deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ed usi<span class=\"_ _0\"></span>ng </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs3e4\">ex<span class=\"_ _0\"></span>tensi<span class=\"_ _0\"></span>ve resear<span class=\"_ _0\"></span>ch and ex<span class=\"_ _0\"></span>per<span class=\"_ _3\"></span>t judg<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>, cur<span class=\"_ _0\"></span>rent ma<span class=\"_ _0\"></span>rket valu<span class=\"_ _0\"></span>es and reg<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>al variat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s. </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls18 ws32 gs3e5\">Warra<span class=\"_ _0\"></span>nties are prov<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>d on all prope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es and ran<span class=\"_ _0\"></span>ge from 2-1<span class=\"_ _1\"></span>0 years. Du<span class=\"_ _0\"></span>e to <span class=\"_ _1\"></span>the<span class=\"_ _0\"></span>ir features<span class=\"_ _0\"></span>, thes<span class=\"_ _0\"></span>e do not represe<span class=\"_ _0\"></span>nt sep<span class=\"_ _0\"></span>arate per<span class=\"_ _3\"></span>forma<span class=\"_ _0\"></span>nce ob<span class=\"_ _0\"></span>ligat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h58 ff9 fs5 fc1 sc0 ls1 ws16 gs3e6\">Professional<span class=\"_ _1\"></span> ser<span class=\"_ _0\"></span>vices fees<span class=\"_ _3b2\"> </span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs3e7\">Th<span class=\"_ _0\"></span>e Group\u2019s professi<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>l ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ice<span class=\"_ _0\"></span>s fees reven<span class=\"_ _0\"></span>ue aris<span class=\"_ _0\"></span>es fro<span class=\"_ _0\"></span>m professio<span class=\"_ _0\"></span>nal se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces prov<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>d by empl<span class=\"_ _0\"></span>oyed su<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>veyo<span class=\"_ _0\"></span>rs and thi<span class=\"_ _0\"></span>rd<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>par<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>y provid<span class=\"_ _0\"></span>ers<span class=\"_ _0\"></span>, </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs3e8\">pane<span class=\"_ _0\"></span>l<span class=\"_ gsec\"> </span>man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt fees and ad<span class=\"_ _0\"></span>minis<span class=\"_ _0\"></span>trat<span class=\"_ _0\"></span>ion fee<span class=\"_ _0\"></span>s. Th<span class=\"_ _0\"></span>ese fee<span class=\"_ _0\"></span>s are base<span class=\"_ _0\"></span>d on fee scal<span class=\"_ _0\"></span>es or co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts<span class=\"_ _0\"></span>. Revenu<span class=\"_ _0\"></span>e is reco<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>sed wh<span class=\"_ _0\"></span>en the se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs3e9\">has<span class=\"_ gsec\"> </span>be<span class=\"_ _0\"></span>en re<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>red<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs3ea\">In addi<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>, the Gr<span class=\"_ _0\"></span>oup de<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ves professi<span class=\"_ _0\"></span>onal fee<span class=\"_ _0\"></span>s from fac<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>ation of mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tgag<span class=\"_ _0\"></span>e arra<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts and rel<span class=\"_ _0\"></span>ated prod<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>ts suc<span class=\"_ _0\"></span>h as conveya<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>ng. T<span class=\"_ _0\"></span>hes<span class=\"_ _0\"></span>e </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs3eb\">are base<span class=\"_ _0\"></span>d on an agre<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>/con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>t and co<span class=\"_ _0\"></span>uld be tie<span class=\"_ _0\"></span>red ba<span class=\"_ _0\"></span>sed on vol<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>e. Th<span class=\"_ _0\"></span>e oblig<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n in such in<span class=\"_ _0\"></span>stan<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>s is satisfi<span class=\"_ _0\"></span>ed on c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>let<span class=\"_ _0\"></span>ion of the </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs3ec\">mor<span class=\"_ _3\"></span>tgage<span class=\"_ _0\"></span>/ser<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce, at whi<span class=\"_ _0\"></span>ch poi<span class=\"_ _0\"></span>nt the reve<span class=\"_ _0\"></span>nue is rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d. T<span class=\"_ _0\"></span>here is no sig<span class=\"_ _0\"></span>nif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant jud<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t appli<span class=\"_ _0\"></span>ed on the ti<span class=\"_ _0\"></span>ming o<span class=\"_ _0\"></span>r amou<span class=\"_ _0\"></span>nt of fee reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h58 ff9 fs5 fc1 sc0 ls38 ws3b gs3ed\">Insurance brok<span class=\"_ _1\"></span>er fees<span class=\"_ _3b2\"> </span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs3ee\">Fee<span class=\"_ _0\"></span>s are charg<span class=\"_ _0\"></span>ed on ea<span class=\"_ _0\"></span>ch pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>man<span class=\"_ _0\"></span>ce ob<span class=\"_ _0\"></span>ligat<span class=\"_ _0\"></span>ion of<span class=\"_ _0\"></span>fered to the cus<span class=\"_ _0\"></span>tome<span class=\"_ _0\"></span>r as per agr<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>d stru<span class=\"_ _0\"></span>ctu<span class=\"_ _0\"></span>re. Reven<span class=\"_ _0\"></span>ue for pla<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>es is reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs3ef\">at the poi<span class=\"_ _0\"></span>nt in time wh<span class=\"_ _0\"></span>en the inter<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>dia<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y has satisf<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ed its pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>man<span class=\"_ _0\"></span>ce ob<span class=\"_ _0\"></span>ligat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>, that is whe<span class=\"_ _0\"></span>n the terms of the ins<span class=\"_ _0\"></span>ura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e poli<span class=\"_ _0\"></span>cy have bee<span class=\"_ _0\"></span>n </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs3f0\">agre<span class=\"_ _0\"></span>ed co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>actu<span class=\"_ _0\"></span>ally by the in<span class=\"_ _0\"></span>sure<span class=\"_ _0\"></span>r and pol<span class=\"_ _0\"></span>icy<span class=\"_ _0\"></span>hol<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>, and the ins<span class=\"_ _0\"></span>urer has a pre<span class=\"_ _0\"></span>sent r<span class=\"_ _0\"></span>ight to payme<span class=\"_ _0\"></span>nt fro<span class=\"_ _0\"></span>m the pol<span class=\"_ _0\"></span>icy<span class=\"_ _0\"></span>hol<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>. No signif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs3f1\">judg<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ents are ap<span class=\"_ _0\"></span>plie<span class=\"_ _0\"></span>d on the tim<span class=\"_ _0\"></span>ing or tr<span class=\"_ _0\"></span>ansa<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on pri<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h15 ff1 fs5 fc2 sc0 lsac ws8 gs3f2\">Investment retur<span class=\"_ _0\"></span>n<span class=\"_ _3b2\"> </span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs3f3\">Invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t retur<span class=\"_ _0\"></span>n incl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>s unreal<span class=\"_ _0\"></span>ised fair val<span class=\"_ _0\"></span>ue gain<span class=\"_ _0\"></span>s and los<span class=\"_ _0\"></span>ses on f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l investm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s at fair value thro<span class=\"_ _0\"></span>ugh prof<span class=\"_ _0\"></span>it o<span class=\"_ _0\"></span>r loss<span class=\"_ _0\"></span>, realis<span class=\"_ _0\"></span>ed gain<span class=\"_ _0\"></span>s </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs3f4\">and<span class=\"_ gsec\"> </span>lo<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s, di<span class=\"_ _0\"></span>vide<span class=\"_ _0\"></span>nds<span class=\"_ _0\"></span>, rent an<span class=\"_ _0\"></span>d interes<span class=\"_ _0\"></span>t. Di<span class=\"_ _0\"></span>vid<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>s are accr<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span>d on an ex-<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ivi<span class=\"_ _0\"></span>den<span class=\"_ _0\"></span>d basis<span class=\"_ _0\"></span>. Interest in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me is rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d as it acc<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>es, ta<span class=\"_ _0\"></span>kin<span class=\"_ _0\"></span>g into </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs3f5\">acc<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nt the ef<span class=\"_ _0\"></span>fect<span class=\"_ _0\"></span>ive yie<span class=\"_ _0\"></span>ld on the inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>. Rental in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me is rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d on an acc<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>als basis<span class=\"_ _0\"></span>, and is gen<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ally re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d on a stra<span class=\"_ _0\"></span>ight lin<span class=\"_ _0\"></span>e </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs3f6\">basis unl<span class=\"_ _0\"></span>ess th<span class=\"_ _0\"></span>ere is co<span class=\"_ _0\"></span>mpe<span class=\"_ _0\"></span>llin<span class=\"_ _0\"></span>g evid<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>e that be<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>its d<span class=\"_ _0\"></span>o not acc<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>e evenly over th<span class=\"_ _0\"></span>e per<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d of the lease<span class=\"_ _0\"></span>. Interest in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me for f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial as<span class=\"_ _0\"></span>sets<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs3f7\">whic<span class=\"_ _0\"></span>h are not class<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ied as fair valu<span class=\"_ _0\"></span>e thro<span class=\"_ _0\"></span>ugh prof<span class=\"_ _0\"></span>it o<span class=\"_ _0\"></span>r loss (F<span class=\"_ _3\"></span>V<span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>P<span class=\"_ _0\"></span>L) is reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed usin<span class=\"_ _0\"></span>g the ef<span class=\"_ _0\"></span>fect<span class=\"_ _0\"></span>ive interes<span class=\"_ _0\"></span>t meth<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs3f8\">A gain or los<span class=\"_ _0\"></span>s on a fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t is only real<span class=\"_ _0\"></span>ised o<span class=\"_ _0\"></span>n dispo<span class=\"_ _0\"></span>sal or tra<span class=\"_ _0\"></span>nsfer, and is the diffe<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>e bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en the pr<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>ds rec<span class=\"_ _0\"></span>ei<span class=\"_ _0\"></span>ved<span class=\"_ _0\"></span>, net of </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs3f9\">tran<span class=\"_ _0\"></span>sac<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s cost an<span class=\"_ _0\"></span>d its or<span class=\"_ _0\"></span>igin<span class=\"_ _0\"></span>al cos<span class=\"_ _0\"></span>t or amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tise<span class=\"_ _0\"></span>d cos<span class=\"_ _0\"></span>t, as ap<span class=\"_ _0\"></span>prop<span class=\"_ _0\"></span>riate. Rea<span class=\"_ _0\"></span>lise<span class=\"_ _0\"></span>d gains or lo<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s on investm<span class=\"_ _0\"></span>ent p<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y re<span class=\"_ _0\"></span>prese<span class=\"_ _0\"></span>nt the dif<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>ce </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs3fa\">bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en the ne<span class=\"_ _0\"></span>t disp<span class=\"_ _0\"></span>osal pro<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ds and the c<span class=\"_ _0\"></span>arr<span class=\"_ _3\"></span>ying val<span class=\"_ _0\"></span>ue of the prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ty.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs3fb\">Unre<span class=\"_ _0\"></span>alise<span class=\"_ _0\"></span>d gai<span class=\"_ _0\"></span>ns and l<span class=\"_ _0\"></span>oss<span class=\"_ _0\"></span>es rep<span class=\"_ _0\"></span>rese<span class=\"_ _0\"></span>nt th<span class=\"_ _0\"></span>e dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nce b<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en th<span class=\"_ _0\"></span>e car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing val<span class=\"_ _0\"></span>ue at th<span class=\"_ _0\"></span>e en<span class=\"_ _0\"></span>d of the yea<span class=\"_ _0\"></span>r and th<span class=\"_ _0\"></span>e ca<span class=\"_ _0\"></span>rr<span class=\"_ _3\"></span>ying val<span class=\"_ _0\"></span>ue at th<span class=\"_ _0\"></span>e prev<span class=\"_ _0\"></span>iou<span class=\"_ _0\"></span>s year<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs3fc\">end or p<span class=\"_ _0\"></span>urch<span class=\"_ _0\"></span>ase valu<span class=\"_ _0\"></span>e duri<span class=\"_ _0\"></span>ng the yea<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>, less th<span class=\"_ _0\"></span>e revers<span class=\"_ _0\"></span>al of previo<span class=\"_ _0\"></span>usly un<span class=\"_ _0\"></span>realis<span class=\"_ _0\"></span>ed gai<span class=\"_ _0\"></span>ns and los<span class=\"_ _0\"></span>ses in res<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ct of dispo<span class=\"_ _0\"></span>sals ma<span class=\"_ _0\"></span>de dur<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e year<span class=\"_ _1\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h15 ff1 fs5 fc2 sc0 ls18 ws0 gs3fd\">In<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nce s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs3fe\">Insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce ser<span class=\"_ _3\"></span>vic<span class=\"_ _0\"></span>e expe<span class=\"_ _0\"></span>nses ar<span class=\"_ _0\"></span>isin<span class=\"_ _0\"></span>g from ins<span class=\"_ _0\"></span>uran<span class=\"_ _0\"></span>ce c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>s are reco<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>sed in prof<span class=\"_ _0\"></span>it o<span class=\"_ _0\"></span>r loss as the<span class=\"_ _0\"></span>y are incu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d. Th<span class=\"_ _0\"></span>ey exclu<span class=\"_ _0\"></span>de rep<span class=\"_ _0\"></span>ayme<span class=\"_ _0\"></span>nts of </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs3ff\">invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t com<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>nen<span class=\"_ _0\"></span>ts and co<span class=\"_ _0\"></span>mpr<span class=\"_ _0\"></span>ise th<span class=\"_ _0\"></span>e following i<span class=\"_ _0\"></span>tems:<span class=\"_ _3b2\"> </span></div><div class=\"t m0 ha ff3 fs5 fc1 sc0 ls9 ws15 gs400\">\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">inc<span class=\"_ _0\"></span>urre<span class=\"_ _0\"></span>d clai<span class=\"_ _0\"></span>ms and be<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ts, exclu<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>g investm<span class=\"_ _0\"></span>ent c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pon<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s redu<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>d by loss co<span class=\"_ _0\"></span>mpo<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>nt allo<span class=\"_ _0\"></span>cati<span class=\"_ _0\"></span>ons<span class=\"_ _3b2\"> </span></span></div><div class=\"t m0 h9 ff3 fs5 fc1 sc0 ls9 ws15 gs401\">\u2022 <span class=\"_ _21\"> </span><span class=\"ls10 ws9\">incurred directly attribu<span class=\"_ _0\"></span>table expenses<span class=\"_ _3b2\"> </span></span></div><div class=\"t m0 h9 ff3 fs5 fc1 sc0 ls9 ws15 gs402\">\u2022 <span class=\"_ _21\"> </span><span class=\"lsea ws3a\">insura<span class=\"_ _0\"></span>nce ac<span class=\"_ _0\"></span>quisiti<span class=\"_ _0\"></span>on co<span class=\"_ _0\"></span>st amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tisatio<span class=\"_ _0\"></span>n<span class=\"_ _3b2\"> </span></span></div><div class=\"t m0 ha ff3 fs5 fc1 sc0 ls9 ws15 gs403\">\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce acq<span class=\"_ _0\"></span>uisi<span class=\"_ _0\"></span>tion c<span class=\"_ _0\"></span>ost ass<span class=\"_ _0\"></span>et imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t.<span class=\"_ _3b2\"> </span></span></div><div class=\"t m0 h15 ff1 fs5 fc2 sc0 ls1c wsb5 gs404\">Div<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>nds<span class=\"_ _3b2\"> </span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs405\">Interi<span class=\"_ _0\"></span>m divi<span class=\"_ _0\"></span>den<span class=\"_ _0\"></span>ds on ord<span class=\"_ _0\"></span>inar<span class=\"_ _3\"></span>y shares are de<span class=\"_ _0\"></span>du<span class=\"_ _0\"></span>cted fro<span class=\"_ _0\"></span>m retain<span class=\"_ _0\"></span>ed ear<span class=\"_ _0\"></span>nin<span class=\"_ _0\"></span>gs in the pe<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>od in whic<span class=\"_ _0\"></span>h they are pai<span class=\"_ _0\"></span>d. Fi<span class=\"_ _0\"></span>nal div<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>nds on o<span class=\"_ _0\"></span>rdina<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y shar<span class=\"_ _0\"></span>es </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs406\">are rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d as a liabilit<span class=\"_ _0\"></span>y in the p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>od in whi<span class=\"_ _0\"></span>ch the<span class=\"_ _0\"></span>y have bee<span class=\"_ _0\"></span>n approve<span class=\"_ _0\"></span>d by shareh<span class=\"_ _0\"></span>old<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s of the Com<span class=\"_ _0\"></span>pany.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h15 ff1 fs5 fc2 sc0 ls18 ws0 gs408\">Ea<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>gs p<span class=\"_ _0\"></span>er sh<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>re<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs409\">Ear<span class=\"_ _0\"></span>nin<span class=\"_ _0\"></span>gs pe<span class=\"_ _0\"></span>r share is a measu<span class=\"_ _0\"></span>re of the por<span class=\"_ _3\"></span>tion of the Gro<span class=\"_ _0\"></span>up\u2019s profi<span class=\"_ _0\"></span>t alloc<span class=\"_ _0\"></span>ated to each ou<span class=\"_ _0\"></span>tst<span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>ing sha<span class=\"_ _0\"></span>re. It is cal<span class=\"_ _0\"></span>cul<span class=\"_ _0\"></span>ated by dividi<span class=\"_ _0\"></span>ng net in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs40a\">at<span class=\"_ _0\"></span>trib<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e to <span class=\"_ _1\"></span>ord<span class=\"_ _0\"></span>inar<span class=\"_ _3\"></span>y equi<span class=\"_ _0\"></span>ty h<span class=\"_ _0\"></span>old<span class=\"_ _0\"></span>ers by the wei<span class=\"_ _0\"></span>ghted avera<span class=\"_ _0\"></span>ge num<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r of ordinar<span class=\"_ _3\"></span>y shares in iss<span class=\"_ _0\"></span>ue dur<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e year, <span class=\"_ _1\"></span>exclu<span class=\"_ _0\"></span>ding e<span class=\"_ _0\"></span>mpl<span class=\"_ _0\"></span>oyee sc<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>me </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs40b\">treasu<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y sha<span class=\"_ _0\"></span>res. Fo<span class=\"_ _0\"></span>r this pur<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>se, ne<span class=\"_ _0\"></span>t inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e is defin<span class=\"_ _0\"></span>ed as the p<span class=\"_ _0\"></span>rofi<span class=\"_ _0\"></span>t after ta<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>, att<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>uta<span class=\"_ _0\"></span>ble to equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y hol<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>s of the Com<span class=\"_ _0\"></span>pany, deri<span class=\"_ _0\"></span>ved fro<span class=\"_ _0\"></span>m </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls14 wsad gs40c\">contin<span class=\"_ _1\"></span>uing <span class=\"_ _1\"></span>operati<span class=\"_ _1\"></span>ons. </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs40d\">For dilu<span class=\"_ _0\"></span>ted ear<span class=\"_ _0\"></span>nin<span class=\"_ _0\"></span>gs pe<span class=\"_ _0\"></span>r share<span class=\"_ _0\"></span>, the weigh<span class=\"_ _0\"></span>ted averag<span class=\"_ _0\"></span>e numb<span class=\"_ _0\"></span>er of ordin<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y sh<span class=\"_ _0\"></span>ares in issu<span class=\"_ _0\"></span>e, excl<span class=\"_ _0\"></span>udin<span class=\"_ _0\"></span>g emp<span class=\"_ _0\"></span>loye<span class=\"_ _0\"></span>e sche<span class=\"_ _0\"></span>me tre<span class=\"_ _0\"></span>asur<span class=\"_ _3\"></span>y shares<span class=\"_ _0\"></span>, is adjuste<span class=\"_ _0\"></span>d </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 lsd ws7f gs40e\">to <span class=\"_ _1\"></span>assu<span class=\"_ _0\"></span>me co<span class=\"_ _0\"></span>nversi<span class=\"_ _0\"></span>on of all <span class=\"_ _1\"></span>dilu<span class=\"_ _0\"></span>tive potenti<span class=\"_ _0\"></span>al ordina<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y share<span class=\"_ _0\"></span>s, suc<span class=\"_ _0\"></span>h as share options gra<span class=\"_ _0\"></span>nted to <span class=\"_ _1\"></span>em<span class=\"_ _0\"></span>ploye<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>. Potential or conti<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>nt share issu<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs40f\">are treated as dilu<span class=\"_ _0\"></span>tive wh<span class=\"_ _0\"></span>en the<span class=\"_ _0\"></span>ir co<span class=\"_ _0\"></span>nversi<span class=\"_ _0\"></span>on to shares wou<span class=\"_ _0\"></span>ld de<span class=\"_ _0\"></span>crea<span class=\"_ _0\"></span>se net ear<span class=\"_ _0\"></span>nin<span class=\"_ _0\"></span>gs pe<span class=\"_ _0\"></span>r share.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h15 ff1 fs5 fc2 sc0 ls1c wsab gs410\">Int<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>ible as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs411\">Intan<span class=\"_ _0\"></span>gib<span class=\"_ _0\"></span>le asse<span class=\"_ _0\"></span>ts mainl<span class=\"_ _0\"></span>y con<span class=\"_ _0\"></span>sist of cap<span class=\"_ _0\"></span>itali<span class=\"_ _0\"></span>sed sof<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ware c<span class=\"_ _0\"></span>osts<span class=\"_ _0\"></span>. </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs412\">Wh<span class=\"_ _0\"></span>ere sof<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ware co<span class=\"_ _0\"></span>sts are sep<span class=\"_ _0\"></span>aratel<span class=\"_ _0\"></span>y ide<span class=\"_ _0\"></span>ntif<span class=\"_ _0\"></span>iab<span class=\"_ _0\"></span>le and me<span class=\"_ _0\"></span>asur<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e, the<span class=\"_ _0\"></span>y are capi<span class=\"_ _0\"></span>talis<span class=\"_ _0\"></span>ed at cos<span class=\"_ _0\"></span>t and amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>ed over th<span class=\"_ _0\"></span>eir exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted usef<span class=\"_ _0\"></span>ul life on a </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs413\">stra<span class=\"_ _0\"></span>ight-<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>ne basis<span class=\"_ _0\"></span>. Cos<span class=\"_ _0\"></span>ts inc<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>red to interna<span class=\"_ _0\"></span>lly deve<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>p sof<span class=\"_ _0\"></span>twa<span class=\"_ _0\"></span>re are only c<span class=\"_ _0\"></span>apit<span class=\"_ _0\"></span>alise<span class=\"_ _0\"></span>d if the exp<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>itu<span class=\"_ _0\"></span>re can be me<span class=\"_ _0\"></span>asure<span class=\"_ _0\"></span>d relia<span class=\"_ _0\"></span>bly, the prod<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>t or </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs414\">pro<span class=\"_ _0\"></span>ces<span class=\"_ _0\"></span>s is techni<span class=\"_ _0\"></span>call<span class=\"_ _0\"></span>y and co<span class=\"_ _0\"></span>mm<span class=\"_ _0\"></span>erc<span class=\"_ _0\"></span>ially feasi<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span>, futu<span class=\"_ _0\"></span>re ec<span class=\"_ _0\"></span>ono<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>c ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>ts are prob<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e and the Gro<span class=\"_ _0\"></span>up inten<span class=\"_ _0\"></span>ds to and has suf<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ici<span class=\"_ _0\"></span>ent reso<span class=\"_ _0\"></span>urc<span class=\"_ _0\"></span>es </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs415\">to<span class=\"_ gsec\"> </span>com<span class=\"_ _0\"></span>plete su<span class=\"_ _0\"></span>ch deve<span class=\"_ _0\"></span>lop<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt and to use or sell th<span class=\"_ _0\"></span>e asset<span class=\"_ _0\"></span>. Ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>wise<span class=\"_ _0\"></span>, such c<span class=\"_ _0\"></span>osts are re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed in prof<span class=\"_ _0\"></span>it or lo<span class=\"_ _0\"></span>ss as inc<span class=\"_ _0\"></span>urre<span class=\"_ _0\"></span>d. T<span class=\"_ _0\"></span>he es<span class=\"_ _0\"></span>timated<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs416\">amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n per<span class=\"_ _0\"></span>iod for IT d<span class=\"_ _0\"></span>evelo<span class=\"_ _0\"></span>pm<span class=\"_ _0\"></span>ent c<span class=\"_ _0\"></span>osts an<span class=\"_ _0\"></span>d sof<span class=\"_ _0\"></span>twa<span class=\"_ _0\"></span>re is bet<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n 3 and 1<span class=\"_ _1\"></span>0 years<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs417\">Intan<span class=\"_ _0\"></span>gib<span class=\"_ _0\"></span>le ass<span class=\"_ _0\"></span>ets ac<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>red vi<span class=\"_ _0\"></span>a busi<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>s co<span class=\"_ _0\"></span>mbin<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns are re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed at fai<span class=\"_ _0\"></span>r value a<span class=\"_ _0\"></span>nd are s<span class=\"_ _0\"></span>ubse<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>entl<span class=\"_ _0\"></span>y amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>sed o<span class=\"_ _0\"></span>n a str<span class=\"_ _0\"></span>aight-<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ine b<span class=\"_ _0\"></span>asis over<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs418\">thei<span class=\"_ _0\"></span>r estim<span class=\"_ _0\"></span>ated usef<span class=\"_ _0\"></span>ul life. </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs419\">Am<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>tisatio<span class=\"_ _0\"></span>n meth<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>s, usef<span class=\"_ _0\"></span>ul lives an<span class=\"_ _0\"></span>d any expe<span class=\"_ _0\"></span>cted res<span class=\"_ _0\"></span>idua<span class=\"_ _0\"></span>l values are rev<span class=\"_ _0\"></span>iewed at ea<span class=\"_ _0\"></span>ch rep<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>ting date and adjus<span class=\"_ _0\"></span>ted if app<span class=\"_ _0\"></span>ropr<span class=\"_ _0\"></span>iate. </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs41a\">Intan<span class=\"_ _0\"></span>gib<span class=\"_ _0\"></span>le asse<span class=\"_ _0\"></span>ts are tested for impa<span class=\"_ _0\"></span>irm<span class=\"_ _0\"></span>ent ei<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r indi<span class=\"_ _0\"></span>vid<span class=\"_ _0\"></span>uall<span class=\"_ _0\"></span>y or at the cash<span class=\"_ _3\"></span>-<span class=\"_ _0\"></span>gen<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ating un<span class=\"_ _0\"></span>it leve<span class=\"_ _0\"></span>l. Inta<span class=\"_ _0\"></span>ngib<span class=\"_ _0\"></span>le asse<span class=\"_ _0\"></span>ts with in<span class=\"_ _0\"></span>def<span class=\"_ _0\"></span>ini<span class=\"_ _0\"></span>te useful live<span class=\"_ _0\"></span>s and </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs41b\">intan<span class=\"_ _0\"></span>gib<span class=\"_ _0\"></span>le asse<span class=\"_ _0\"></span>ts not yet availab<span class=\"_ _0\"></span>le for use are tested for imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt at least an<span class=\"_ _0\"></span>nuall<span class=\"_ _0\"></span>y, or wheneve<span class=\"_ _0\"></span>r events o<span class=\"_ _0\"></span>r chan<span class=\"_ _0\"></span>ges in cir<span class=\"_ _0\"></span>cum<span class=\"_ _0\"></span>stan<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>s indic<span class=\"_ _0\"></span>ate </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs41c\">that the c<span class=\"_ _0\"></span>arr<span class=\"_ _3\"></span>ying am<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nt may not be rec<span class=\"_ _0\"></span>overa<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span>. Intan<span class=\"_ _0\"></span>gibl<span class=\"_ _0\"></span>e asset<span class=\"_ _0\"></span>s with f<span class=\"_ _0\"></span>inite usef<span class=\"_ _0\"></span>ul lives are tested wh<span class=\"_ _0\"></span>en the<span class=\"_ _0\"></span>re are indi<span class=\"_ _0\"></span>cati<span class=\"_ _0\"></span>ons of imp<span class=\"_ _0\"></span>airm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t. </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs41d\">Th<span class=\"_ _0\"></span>e recove<span class=\"_ _0\"></span>rab<span class=\"_ _0\"></span>le amo<span class=\"_ _0\"></span>unt is the hi<span class=\"_ _0\"></span>ghe<span class=\"_ _0\"></span>r of an asset<span class=\"_ _0\"></span>\u2019s fair value less c<span class=\"_ _0\"></span>osts to sell an<span class=\"_ _0\"></span>d its value in us<span class=\"_ _0\"></span>e.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h15 ff1 fs5 fc2 sc0 lsac ws8 gs41e\">Investment propert<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs41f\">Invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ty co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>rise<span class=\"_ _0\"></span>s land and b<span class=\"_ _0\"></span>uildi<span class=\"_ _0\"></span>ngs whi<span class=\"_ _0\"></span>ch are he<span class=\"_ _0\"></span>ld for lon<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>-ter<span class=\"_ _0\"></span>m rent<span class=\"_ _0\"></span>al yiel<span class=\"_ _0\"></span>ds and ca<span class=\"_ _0\"></span>pit<span class=\"_ _0\"></span>al grow<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>, as well as right-<span class=\"_ _3\"></span>of-us<span class=\"_ _0\"></span>e asset<span class=\"_ _0\"></span>s of </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs420\">the sam<span class=\"_ _0\"></span>e nature<span class=\"_ _0\"></span>, and are not oc<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>pie<span class=\"_ _0\"></span>d by the Grou<span class=\"_ _0\"></span>p. Com<span class=\"_ _0\"></span>pl<span class=\"_ _0\"></span>eted invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ty is ca<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>ied at fair valu<span class=\"_ _0\"></span>e with ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>es in fair value re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs421\">in the Co<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>lidate<span class=\"_ _0\"></span>d Inco<span class=\"_ _0\"></span>me S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ateme<span class=\"_ _0\"></span>nt withi<span class=\"_ _0\"></span>n Investm<span class=\"_ _0\"></span>ent re<span class=\"_ _0\"></span>turn<span class=\"_ _0\"></span>. Invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ties und<span class=\"_ _0\"></span>er co<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>tru<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on are inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>ed wit<span class=\"_ _0\"></span>hin Pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, plant and </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs422\">equ<span class=\"_ _0\"></span>ipm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>, and are state<span class=\"_ _0\"></span>d at cost le<span class=\"_ _0\"></span>ss any impa<span class=\"_ _0\"></span>irm<span class=\"_ _0\"></span>ent un<span class=\"_ _0\"></span>til co<span class=\"_ _0\"></span>nstr<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n is comp<span class=\"_ _0\"></span>lete<span class=\"_ _0\"></span>d or fair value be<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>es relia<span class=\"_ _0\"></span>bly me<span class=\"_ _0\"></span>asur<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h15 ff1 fs5 fc2 sc0 ls18 ws0 gs423\">Cas<span class=\"_ _0\"></span>h a<span class=\"_ _0\"></span>nd ca<span class=\"_ _0\"></span>sh equ<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>nts<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs424\">Cash an<span class=\"_ _0\"></span>d cash e<span class=\"_ _0\"></span>quiv<span class=\"_ _0\"></span>alen<span class=\"_ _0\"></span>ts incl<span class=\"_ _0\"></span>ude c<span class=\"_ _0\"></span>ash in han<span class=\"_ _0\"></span>d, de<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>its he<span class=\"_ _0\"></span>ld at call wit<span class=\"_ _0\"></span>h banks<span class=\"_ _0\"></span>, treas<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>y bill<span class=\"_ _0\"></span>s and othe<span class=\"_ _0\"></span>r shor<span class=\"_ _3\"></span>t-ter<span class=\"_ _0\"></span>m highl<span class=\"_ _0\"></span>y liqui<span class=\"_ _0\"></span>d investm<span class=\"_ _0\"></span>ents wi<span class=\"_ _0\"></span>th </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs425\">matur<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>es of three mo<span class=\"_ _0\"></span>nths o<span class=\"_ _0\"></span>r less fro<span class=\"_ _0\"></span>m the date of acquis<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>n.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h15 ff1 fs5 fc2 sc0 ls18 ws0 gs426\">Pr<span class=\"_ _0\"></span>ope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _1\"></span>, pla<span class=\"_ _0\"></span>nt a<span class=\"_ _0\"></span>nd eq<span class=\"_ _0\"></span>uipm<span class=\"_ _0\"></span>ent<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs427\">Prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ty, plant and e<span class=\"_ _0\"></span>quip<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>es tang<span class=\"_ _0\"></span>ibl<span class=\"_ _0\"></span>e assets own<span class=\"_ _0\"></span>ed by the Gro<span class=\"_ _0\"></span>up (such as land an<span class=\"_ _0\"></span>d off<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e and othe<span class=\"_ _0\"></span>r build<span class=\"_ _0\"></span>ings) or held un<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r lease<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs428\">arr<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ents (such as of<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ce bui<span class=\"_ _0\"></span>ldin<span class=\"_ _0\"></span>gs, I<span class=\"_ _0\"></span>T equi<span class=\"_ _0\"></span>pm<span class=\"_ _0\"></span>ent and ve<span class=\"_ _0\"></span>hicl<span class=\"_ _0\"></span>es). Proper<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>y, <span class=\"_ _1\"></span>plan<span class=\"_ _0\"></span>t and equ<span class=\"_ _0\"></span>ipm<span class=\"_ _0\"></span>ent in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>des own<span class=\"_ _0\"></span>er oc<span class=\"_ _0\"></span>cup<span class=\"_ _0\"></span>ied p<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y he<span class=\"_ _0\"></span>ld by a </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs429\">fun<span class=\"_ _0\"></span>d, the un<span class=\"_ _0\"></span>its of whic<span class=\"_ _0\"></span>h deter<span class=\"_ _0\"></span>mine b<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>ts for its inves<span class=\"_ _0\"></span>tors. In ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>rdan<span class=\"_ _0\"></span>ce wi<span class=\"_ _0\"></span>th IA<span class=\"_ _0\"></span>S 1<span class=\"_ _1\"></span>6, \u2018<span class=\"_ _0\"></span>Pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, Plant and Equi<span class=\"_ _0\"></span>pme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>\u2019, the Group has el<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted to </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs42a\">meas<span class=\"_ _0\"></span>ure this ass<span class=\"_ _0\"></span>et at fair value<span class=\"_ _0\"></span>, with ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>es in fair valu<span class=\"_ _0\"></span>e reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed in the C<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>olid<span class=\"_ _0\"></span>ated Inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e S<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent wit<span class=\"_ _0\"></span>hin Invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt retur<span class=\"_ _0\"></span>n.<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs42b\">All oth<span class=\"_ _0\"></span>er asse<span class=\"_ _0\"></span>ts with<span class=\"_ _0\"></span>in Prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ty, plant and e<span class=\"_ _0\"></span>quip<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt are car<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>d at histor<span class=\"_ _0\"></span>ica<span class=\"_ _0\"></span>l cost le<span class=\"_ _0\"></span>ss ac<span class=\"_ _0\"></span>cum<span class=\"_ _0\"></span>ulated de<span class=\"_ _0\"></span>pre<span class=\"_ _0\"></span>ciat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>, cal<span class=\"_ _0\"></span>culate<span class=\"_ _0\"></span>d on a straig<span class=\"_ _0\"></span>ht-<span class=\"_ _0\"></span>lin<span class=\"_ _0\"></span>e </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs42c\">basis over th<span class=\"_ _0\"></span>eir est<span class=\"_ _0\"></span>imated us<span class=\"_ _0\"></span>eful life. A<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n meth<span class=\"_ _0\"></span>ods<span class=\"_ _0\"></span>, usefu<span class=\"_ _0\"></span>l lives and any exp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>cted resid<span class=\"_ _0\"></span>ual valu<span class=\"_ _0\"></span>es are revi<span class=\"_ _0\"></span>ewed at eac<span class=\"_ _0\"></span>h repo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng date </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs42d\">and<span class=\"_ gsec\"> </span>ad<span class=\"_ _0\"></span>justed if ap<span class=\"_ _0\"></span>pro<span class=\"_ _0\"></span>pri<span class=\"_ _0\"></span>ate. </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs42e\">An im<span class=\"_ _0\"></span>pair<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt revie<span class=\"_ _0\"></span>w of Prope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, plant and eq<span class=\"_ _0\"></span>uipm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t not car<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>d at fair value is pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>form<span class=\"_ _0\"></span>ed wh<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ever even<span class=\"_ _0\"></span>ts or cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>s in circu<span class=\"_ _0\"></span>mst<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>es </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs42f\">indi<span class=\"_ _0\"></span>cate that the<span class=\"_ _0\"></span>ir car<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 may not be rec<span class=\"_ _0\"></span>overa<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span>. Whe<span class=\"_ _0\"></span>re the ca<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing am<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nt of an asset is greater tha<span class=\"_ _0\"></span>n its esti<span class=\"_ _0\"></span>mated re<span class=\"_ _0\"></span>cover<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs430\">amo<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>, whic<span class=\"_ _0\"></span>h is the highe<span class=\"_ _0\"></span>r of the asset<span class=\"_ _0\"></span>s fair value le<span class=\"_ _0\"></span>ss cos<span class=\"_ _0\"></span>ts of dispos<span class=\"_ _0\"></span>al and valu<span class=\"_ _0\"></span>e in use, i<span class=\"_ _0\"></span>t is writ<span class=\"_ _0\"></span>ten down im<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>diatel<span class=\"_ _0\"></span>y to its recover<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs431\">amo<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>, with an imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt loss re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed in the C<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>olid<span class=\"_ _0\"></span>ated Inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e S<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h15 ff1 fs5 fc2 sc0 lse wsd gs432\">Leases<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h58 ff9 fs5 fc2 sc0 ls1 ws0 gs433\">Lessee<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs434\">Wh<span class=\"_ _0\"></span>ere the Gr<span class=\"_ _0\"></span>oup is a less<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>, it rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ises le<span class=\"_ _0\"></span>ases on th<span class=\"_ _0\"></span>e Co<span class=\"_ _0\"></span>nsol<span class=\"_ _0\"></span>idated B<span class=\"_ _0\"></span>alan<span class=\"_ _0\"></span>ce Sh<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t as \u2018right-<span class=\"_ _3\"></span>of-u<span class=\"_ _0\"></span>se\u2019 ass<span class=\"_ _0\"></span>ets and le<span class=\"_ _0\"></span>ase liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>. </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs435\">Th<span class=\"_ _0\"></span>e right-<span class=\"_ _3\"></span>of-u<span class=\"_ _0\"></span>se asse<span class=\"_ _0\"></span>ts\u2019 valu<span class=\"_ _0\"></span>e is initiall<span class=\"_ _0\"></span>y rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d as the calc<span class=\"_ _0\"></span>ulated val<span class=\"_ _0\"></span>ue of the leas<span class=\"_ _0\"></span>e liabili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s, ini<span class=\"_ _0\"></span>tial dire<span class=\"_ _0\"></span>ct c<span class=\"_ _0\"></span>osts an<span class=\"_ _0\"></span>d inc<span class=\"_ _0\"></span>enti<span class=\"_ _0\"></span>ves rec<span class=\"_ _0\"></span>eive<span class=\"_ _0\"></span>d. T<span class=\"_ _0\"></span>he </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs436\">righ<span class=\"_ _0\"></span>t-<span class=\"_ _0\"></span>of-<span class=\"_ _0\"></span>use as<span class=\"_ _0\"></span>sets are su<span class=\"_ _0\"></span>bse<span class=\"_ _0\"></span>que<span class=\"_ _0\"></span>ntly ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>unted for in ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>rdan<span class=\"_ _0\"></span>ce wit<span class=\"_ _0\"></span>h the cos<span class=\"_ _0\"></span>t mod<span class=\"_ _0\"></span>el in I<span class=\"_ _0\"></span>AS 16, \u2018Pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, Plant and Equi<span class=\"_ _0\"></span>pme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>\u2019 or as invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs437\">prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ty un<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r IA<span class=\"_ _0\"></span>S 4<span class=\"_ _0\"></span>0, \u2018<span class=\"_ _0\"></span>Invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t Prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ty<span class=\"_ _0\"></span>\u2019. The Grou<span class=\"_ _0\"></span>p also asse<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s right-<span class=\"_ _3\"></span>of-u<span class=\"_ _0\"></span>se asse<span class=\"_ _0\"></span>ts class<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ied as Pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, plant and equ<span class=\"_ _0\"></span>ipm<span class=\"_ _0\"></span>ent for<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs438\">impa<span class=\"_ _0\"></span>irm<span class=\"_ _0\"></span>ent wh<span class=\"_ _0\"></span>en su<span class=\"_ _0\"></span>ch ind<span class=\"_ _0\"></span>icato<span class=\"_ _0\"></span>rs exist<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs439\">Th<span class=\"_ _0\"></span>e initia<span class=\"_ _0\"></span>l measu<span class=\"_ _0\"></span>rem<span class=\"_ _0\"></span>ent of the le<span class=\"_ _0\"></span>ase liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es is made up of the pre<span class=\"_ _0\"></span>sent val<span class=\"_ _0\"></span>ue of lease pay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts to be made over the le<span class=\"_ _0\"></span>ase term<span class=\"_ _0\"></span>, inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>ing f<span class=\"_ _0\"></span>ixed<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs43a\">leas<span class=\"_ _0\"></span>e payme<span class=\"_ _0\"></span>nts and excl<span class=\"_ _0\"></span>udi<span class=\"_ _0\"></span>ng leas<span class=\"_ _0\"></span>e inc<span class=\"_ _0\"></span>enti<span class=\"_ _0\"></span>ve rece<span class=\"_ _0\"></span>ivab<span class=\"_ _0\"></span>les<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e Group us<span class=\"_ _0\"></span>es the in<span class=\"_ _0\"></span>cre<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>ntal bo<span class=\"_ _0\"></span>rrowi<span class=\"_ _0\"></span>ng rate as a discou<span class=\"_ _0\"></span>nt rate for calc<span class=\"_ _0\"></span>ulatin<span class=\"_ _0\"></span>g the </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs43b\">leas<span class=\"_ _0\"></span>e liabili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s. Th<span class=\"_ _0\"></span>e leas<span class=\"_ _0\"></span>e liabili<span class=\"_ _0\"></span>ties are unwo<span class=\"_ _0\"></span>und over th<span class=\"_ _0\"></span>e term of the leas<span class=\"_ _0\"></span>e givin<span class=\"_ _0\"></span>g rise to an interest ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nse. Ad<span class=\"_ _0\"></span>diti<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>lly, the liabili<span class=\"_ _0\"></span>ties are re<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs43c\">whe<span class=\"_ _0\"></span>n lease pay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts are mad<span class=\"_ _0\"></span>e. Th<span class=\"_ _0\"></span>e Group re<span class=\"_ _0\"></span>asses<span class=\"_ _0\"></span>ses th<span class=\"_ _0\"></span>e car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>yi<span class=\"_ _0\"></span>ng amo<span class=\"_ _0\"></span>unt of leas<span class=\"_ _0\"></span>e liabili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s and righ<span class=\"_ _0\"></span>t-<span class=\"_ _0\"></span>of-<span class=\"_ _0\"></span>use as<span class=\"_ _0\"></span>sets if ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ain events o<span class=\"_ _0\"></span>cc<span class=\"_ _0\"></span>ur that </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs43d\">mod<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>y the or<span class=\"_ _0\"></span>igi<span class=\"_ _0\"></span>nal assu<span class=\"_ _0\"></span>mpti<span class=\"_ _0\"></span>ons use<span class=\"_ _0\"></span>d to calcu<span class=\"_ _0\"></span>late the leas<span class=\"_ _0\"></span>e balan<span class=\"_ _0\"></span>ces up<span class=\"_ _0\"></span>on ini<span class=\"_ _0\"></span>tial re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs43f\">Th<span class=\"_ _0\"></span>e Group l<span class=\"_ _0\"></span>eases of<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>es, ve<span class=\"_ _0\"></span>hicl<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, IT equ<span class=\"_ _0\"></span>ipm<span class=\"_ _0\"></span>ent an<span class=\"_ _0\"></span>d investm<span class=\"_ _0\"></span>ent pr<span class=\"_ _0\"></span>ope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es und<span class=\"_ _0\"></span>er no<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>cel<span class=\"_ _0\"></span>labl<span class=\"_ _0\"></span>e ope<span class=\"_ _0\"></span>ratin<span class=\"_ _0\"></span>g leas<span class=\"_ _0\"></span>e agree<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts<span class=\"_ _0\"></span>. The Gro<span class=\"_ _0\"></span>up has<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs440\">ele<span class=\"_ _0\"></span>cted to make use of the rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>n exempt<span class=\"_ _0\"></span>ions as pe<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ted in res<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ct of shor<span class=\"_ _3\"></span>t-ter<span class=\"_ _0\"></span>m leas<span class=\"_ _0\"></span>es (le<span class=\"_ _0\"></span>ase co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts wi<span class=\"_ _0\"></span>th a term of 1<span class=\"_ _1\"></span>2 <span class=\"_ _1\"></span>mo<span class=\"_ _0\"></span>nths or le<span class=\"_ _0\"></span>ss), </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs441\">and le<span class=\"_ _0\"></span>ase co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts for whic<span class=\"_ _0\"></span>h the un<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>ly<span class=\"_ _0\"></span>ing ass<span class=\"_ _0\"></span>et is of low value. Su<span class=\"_ _0\"></span>ch le<span class=\"_ _0\"></span>ases are not re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed on th<span class=\"_ _0\"></span>e Con<span class=\"_ _0\"></span>soli<span class=\"_ _0\"></span>dated Bal<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e Sh<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t but th<span class=\"_ _0\"></span>e </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs442\">Grou<span class=\"_ _0\"></span>p rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ises the as<span class=\"_ _0\"></span>soc<span class=\"_ _0\"></span>iated le<span class=\"_ _0\"></span>ase paym<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s as an expen<span class=\"_ _0\"></span>se over the le<span class=\"_ _0\"></span>ase term<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h58 ff9 fs5 fc2 sc0 ls1 ws0 gs443\">Lessor<span class=\"_ _3b2\"> </span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs444\">Wh<span class=\"_ _0\"></span>ere the Gr<span class=\"_ _0\"></span>oup is the le<span class=\"_ _0\"></span>sso<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>, lease<span class=\"_ _0\"></span>s are class<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ied as f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>ce le<span class=\"_ _0\"></span>ases if th<span class=\"_ _0\"></span>e risks and rewa<span class=\"_ _0\"></span>rds of owners<span class=\"_ _0\"></span>hip are sub<span class=\"_ _0\"></span>sta<span class=\"_ _0\"></span>ntiall<span class=\"_ _0\"></span>y transfe<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d to the </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs445\">less<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>, and op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ating le<span class=\"_ _0\"></span>ases if the<span class=\"_ _0\"></span>y are not subs<span class=\"_ _0\"></span>tanti<span class=\"_ _0\"></span>ally tra<span class=\"_ _0\"></span>nsfer<span class=\"_ _0\"></span>red<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs446\">Th<span class=\"_ _0\"></span>e Group l<span class=\"_ _0\"></span>eases c<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>tain invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ties to third par<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>. Und<span class=\"_ _0\"></span>er the<span class=\"_ _0\"></span>se agre<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span>, subs<span class=\"_ _0\"></span>tant<span class=\"_ _0\"></span>ially all th<span class=\"_ _0\"></span>e risks an<span class=\"_ _0\"></span>d rewards inc<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>ntal to </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs447\">owne<span class=\"_ _0\"></span>rshi<span class=\"_ _0\"></span>p are transfe<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d to the lesse<span class=\"_ _0\"></span>e, an<span class=\"_ _0\"></span>d therefo<span class=\"_ _0\"></span>re the co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts have be<span class=\"_ _0\"></span>en cla<span class=\"_ _0\"></span>ssif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d as fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e leas<span class=\"_ _0\"></span>es. At the le<span class=\"_ _0\"></span>ase co<span class=\"_ _0\"></span>mme<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent date<span class=\"_ _0\"></span>, </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs448\">the<span class=\"_ gsec\"> </span>G<span class=\"_ _0\"></span>roup de<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>cog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>s the invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ty ass<span class=\"_ _0\"></span>et and re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>s a rece<span class=\"_ _0\"></span>ivab<span class=\"_ _0\"></span>le asse<span class=\"_ _0\"></span>t on its Co<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>lidate<span class=\"_ _0\"></span>d Balan<span class=\"_ _0\"></span>ce S<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>et to refle<span class=\"_ _0\"></span>ct th<span class=\"_ _0\"></span>e net </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs449\">invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t in the<span class=\"_ gsec\"> </span>le<span class=\"_ _0\"></span>ase, e<span class=\"_ _0\"></span>qual to the pres<span class=\"_ _0\"></span>ent valu<span class=\"_ _0\"></span>e of the lease pay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts. T<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>s fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e inc<span class=\"_ _0\"></span>ome ove<span class=\"_ _0\"></span>r the lea<span class=\"_ _0\"></span><span class=\"ls1 ws0\">S<span class=\"ff3 ls9\">e ter<span class=\"_ _0\"></span>m to refl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t the<span class=\"_ _0\"></span> </span></span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs44a\">rate of return on<span class=\"_ gsec\"> </span>th<span class=\"_ _0\"></span>e net inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt in the le<span class=\"_ _0\"></span>ase.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs44b\">Und<span class=\"_ _0\"></span>er oth<span class=\"_ _0\"></span>er leas<span class=\"_ _0\"></span>e agre<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ents th<span class=\"_ _0\"></span>e Group is co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>d to substa<span class=\"_ _0\"></span>ntiall<span class=\"_ _0\"></span>y retain all th<span class=\"_ _0\"></span>e risks and rewa<span class=\"_ _0\"></span>rds of owner<span class=\"_ _0\"></span>ship of the und<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ly<span class=\"_ _0\"></span>ing ass<span class=\"_ _0\"></span>et,<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs44c\">the<span class=\"_ _0\"></span>refore thes<span class=\"_ _0\"></span>e con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts have bee<span class=\"_ _0\"></span>n clas<span class=\"_ _0\"></span>sif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d as oper<span class=\"_ _0\"></span>atin<span class=\"_ _0\"></span>g lease<span class=\"_ _0\"></span>s. Leas<span class=\"_ _0\"></span>e inc<span class=\"_ _0\"></span>ome fr<span class=\"_ _0\"></span>om op<span class=\"_ _0\"></span>erat<span class=\"_ _0\"></span>ing le<span class=\"_ _0\"></span>ases is rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in the Co<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>lidated In<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs44d\">S<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent on<span class=\"_ gsec\"> </span>a s<span class=\"_ _0\"></span>traig<span class=\"_ _0\"></span>ht-<span class=\"_ _0\"></span>lin<span class=\"_ _0\"></span>e basis over the le<span class=\"_ _0\"></span>ase term<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h15 ff1 fs5 fc2 sc0 ls18 ws32 gs44e\">Pr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>ision<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs44f\">Provis<span class=\"_ _0\"></span>ions are re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed whe<span class=\"_ _0\"></span>n the Gro<span class=\"_ _0\"></span>up has a prese<span class=\"_ _0\"></span>nt le<span class=\"_ _0\"></span>gal or co<span class=\"_ _0\"></span>nst<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ve oblig<span class=\"_ _0\"></span>ation as a resul<span class=\"_ _0\"></span>t of past event<span class=\"_ _0\"></span>s, it is pro<span class=\"_ _0\"></span>bab<span class=\"_ _0\"></span>le that an ou<span class=\"_ _0\"></span>tf<span class=\"_ _0\"></span>low<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs450\">of<span class=\"_ gsec\"> </span>resou<span class=\"_ _0\"></span>rce<span class=\"_ _0\"></span>s emb<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g eco<span class=\"_ _0\"></span>no<span class=\"_ _0\"></span>mic be<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ts will be requ<span class=\"_ _0\"></span>ired to set<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>e the obli<span class=\"_ _0\"></span>gatio<span class=\"_ _0\"></span>n, an<span class=\"_ _0\"></span>d a reliabl<span class=\"_ _0\"></span>e esti<span class=\"_ _0\"></span>mate of the amou<span class=\"_ _0\"></span>nt of the oblig<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n can </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs451\">be<span class=\"_ gsec\"> </span>ma<span class=\"_ _0\"></span>de. W<span class=\"_ _0\"></span>here th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p expe<span class=\"_ _0\"></span>cts a prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>n to be reimbu<span class=\"_ _0\"></span>rse<span class=\"_ _0\"></span>d, for exam<span class=\"_ _0\"></span>ple un<span class=\"_ _0\"></span>der an in<span class=\"_ _0\"></span>sura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t, th<span class=\"_ _0\"></span>e reimb<span class=\"_ _0\"></span>urs<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent is rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs452\">as<span class=\"_ gsec\"> </span>a<span class=\"_ gsec\"> </span>sep<span class=\"_ _0\"></span>arate asse<span class=\"_ _0\"></span>t but on<span class=\"_ _0\"></span>ly whe<span class=\"_ _0\"></span>n the reim<span class=\"_ _0\"></span>bur<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t is vir<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>ally ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ain. T<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>s a provisio<span class=\"_ _0\"></span>n for one<span class=\"_ _0\"></span>rous co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>acts wh<span class=\"_ _0\"></span>en the<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs453\">exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted ben<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>its to be der<span class=\"_ _0\"></span>ived fro<span class=\"_ _0\"></span>m a cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t are less th<span class=\"_ _0\"></span>an the unavoi<span class=\"_ _0\"></span>dabl<span class=\"_ _0\"></span>e cos<span class=\"_ _0\"></span>ts of meet<span class=\"_ _0\"></span>ing the o<span class=\"_ _0\"></span>blig<span class=\"_ _0\"></span>ation<span class=\"_ _0\"></span>s unde<span class=\"_ _0\"></span>r the co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h15 ff1 fs5 fc2 sc0 ls12 ws11 gs454\">Ta<span class=\"_ _0\"></span>x<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h58 ff9 fs5 fc2 sc0 lsf ws38 gs455\">Current tax<span class=\"_ _3b2\"> </span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs456\">Cur<span class=\"_ _0\"></span>rent ta<span class=\"_ _0\"></span>x co<span class=\"_ _0\"></span>mpr<span class=\"_ _0\"></span>ises ta<span class=\"_ _0\"></span>x payabl<span class=\"_ _0\"></span>e on cur<span class=\"_ _0\"></span>rent ye<span class=\"_ _0\"></span>ar prof<span class=\"_ _0\"></span>its<span class=\"_ _0\"></span>, adjus<span class=\"_ _0\"></span>ted for non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>x ded<span class=\"_ _0\"></span>ucti<span class=\"_ _0\"></span>ble o<span class=\"_ _0\"></span>r non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>xabl<span class=\"_ _0\"></span>e items<span class=\"_ _0\"></span>, and any adjus<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nts to tax </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs457\">payabl<span class=\"_ _0\"></span>e in resp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t of previou<span class=\"_ _0\"></span>s per<span class=\"_ _0\"></span>iod<span class=\"_ _0\"></span>s. Cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nt tax is rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in the Co<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>lidated In<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me S<span class=\"_ _0\"></span>tate<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t unles<span class=\"_ _0\"></span>s it relates to items whi<span class=\"_ _0\"></span>ch are </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs458\">rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d in the Co<span class=\"_ _0\"></span>nsol<span class=\"_ _0\"></span>idated S<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>teme<span class=\"_ _0\"></span>nt of Com<span class=\"_ _0\"></span>preh<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>ive Inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e or dire<span class=\"_ _0\"></span>ctl<span class=\"_ _0\"></span>y in equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h58 ff9 fs5 fc2 sc0 ls4c ws15f gs459\">Def<span class=\"_ _1\"></span>erred<span class=\"_ _1\"></span> tax<span class=\"_ _3b2\"> </span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs45a\">Defer<span class=\"_ _0\"></span>red ta<span class=\"_ _0\"></span>x is calc<span class=\"_ _0\"></span>ulated o<span class=\"_ _0\"></span>n dif<span class=\"_ _0\"></span>feren<span class=\"_ _0\"></span>ces b<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n the acc<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>ntin<span class=\"_ _0\"></span>g value of assets an<span class=\"_ _0\"></span>d liabil<span class=\"_ _0\"></span>itie<span class=\"_ _0\"></span>s and the<span class=\"_ _0\"></span>ir resp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tive ta<span class=\"_ _0\"></span>x values<span class=\"_ _0\"></span>. Defer<span class=\"_ _0\"></span>red ta<span class=\"_ _0\"></span>x is also </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs45b\">rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d in respe<span class=\"_ _0\"></span>ct of unus<span class=\"_ _0\"></span>ed ta<span class=\"_ _0\"></span>x loss<span class=\"_ _0\"></span>es to the ex<span class=\"_ _0\"></span>tent it is prob<span class=\"_ _0\"></span>able th<span class=\"_ _0\"></span>at futu<span class=\"_ _0\"></span>re taxa<span class=\"_ _0\"></span>ble prof<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>s will arise aga<span class=\"_ _0\"></span>inst wh<span class=\"_ _0\"></span>ich th<span class=\"_ _0\"></span>e loss<span class=\"_ _0\"></span>es can be u<span class=\"_ _0\"></span>tilise<span class=\"_ _0\"></span>d.<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs45c\">Defer<span class=\"_ _0\"></span>red ta<span class=\"_ _0\"></span>x is charg<span class=\"_ _0\"></span>ed or c<span class=\"_ _0\"></span>redi<span class=\"_ _0\"></span>ted to the Con<span class=\"_ _0\"></span>soli<span class=\"_ _0\"></span>dated Inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e S<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>, exce<span class=\"_ _0\"></span>pt when it re<span class=\"_ _0\"></span>lates to items charg<span class=\"_ _0\"></span>ed or c<span class=\"_ _0\"></span>redi<span class=\"_ _0\"></span>ted to the Con<span class=\"_ _0\"></span>soli<span class=\"_ _0\"></span>dated </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs45d\">S<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent of Co<span class=\"_ _0\"></span>mpre<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>nsi<span class=\"_ _0\"></span>ve Inco<span class=\"_ _0\"></span>me or ch<span class=\"_ _0\"></span>arg<span class=\"_ _0\"></span>ed or cre<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>ted direc<span class=\"_ _0\"></span>tly in e<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>ty.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h59 ff11 fs5 fc2 sc0 ls18 ws32 gs45e\">T<span class=\"_ _1\"></span>ax at<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ib<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>e to poli<span class=\"_ _0\"></span>cy<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>rs an<span class=\"_ _0\"></span>d eq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y ho<span class=\"_ _0\"></span>ld<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs45f\">Th<span class=\"_ _0\"></span>e total tax expe<span class=\"_ _0\"></span>nse sh<span class=\"_ _0\"></span>own in the Gro<span class=\"_ _0\"></span>up\u2019s Con<span class=\"_ _0\"></span>solid<span class=\"_ _0\"></span>ated Inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e S<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>des in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me tax b<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ne by both po<span class=\"_ _0\"></span>licy<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>lde<span class=\"_ _0\"></span>rs and e<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y hold<span class=\"_ _0\"></span>ers<span class=\"_ _0\"></span>. </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs460\">This ha<span class=\"_ _0\"></span>s bee<span class=\"_ _0\"></span>n spli<span class=\"_ _0\"></span>t bet<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n tax at<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>tab<span class=\"_ _0\"></span>le to polic<span class=\"_ _0\"></span>yh<span class=\"_ _0\"></span>old<span class=\"_ _0\"></span>ers<span class=\"_ _0\"></span>\u2019 retur<span class=\"_ _0\"></span>ns and eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y ho<span class=\"_ _0\"></span>lde<span class=\"_ _0\"></span>rs\u2019 pr<span class=\"_ _0\"></span>ofi<span class=\"_ _0\"></span>ts. Po<span class=\"_ _0\"></span>licy<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>lde<span class=\"_ _0\"></span>r tax co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>rise<span class=\"_ _0\"></span>s the tax su<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>fered on<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs461\">pol<span class=\"_ _0\"></span>icy<span class=\"_ _0\"></span>hol<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r investm<span class=\"_ _0\"></span>ent ret<span class=\"_ _0\"></span>urn<span class=\"_ _0\"></span>s, whil<span class=\"_ _0\"></span>e equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y hol<span class=\"_ _0\"></span>der ta<span class=\"_ _0\"></span>x is cor<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>on tax c<span class=\"_ _0\"></span>harg<span class=\"_ _0\"></span>ed on eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y ho<span class=\"_ _0\"></span>ld<span class=\"_ _0\"></span>er prof<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>. The se<span class=\"_ _0\"></span>par<span class=\"_ _0\"></span>ate presen<span class=\"_ _0\"></span>tatio<span class=\"_ _0\"></span>n is intend<span class=\"_ _0\"></span>ed </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs462\">to provide mo<span class=\"_ _0\"></span>re relev<span class=\"_ _0\"></span>ant infor<span class=\"_ _0\"></span>matio<span class=\"_ _0\"></span>n abo<span class=\"_ _0\"></span>ut the ta<span class=\"_ _0\"></span>x that the G<span class=\"_ _0\"></span>roup pays on th<span class=\"_ _0\"></span>e prof<span class=\"_ _0\"></span>its that it ma<span class=\"_ _0\"></span>kes.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h58 ff9 fs5 fc2 sc0 ls18 ws0 gs463\">Use o<span class=\"_ _0\"></span>f es<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>tes<span class=\"_ _3b2\"> </span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs464\">T<span class=\"_ _4\"></span>a<span class=\"_ _0\"></span>x bala<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>es inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>e the use of estim<span class=\"_ _0\"></span>ates and assu<span class=\"_ _0\"></span>mpti<span class=\"_ _0\"></span>ons whi<span class=\"_ _0\"></span>ch affe<span class=\"_ _0\"></span>ct ite<span class=\"_ _0\"></span>ms repo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ted in th<span class=\"_ _0\"></span>e Co<span class=\"_ _0\"></span>nsoli<span class=\"_ _0\"></span>dated Ba<span class=\"_ _0\"></span>lanc<span class=\"_ _0\"></span>e Sh<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t, C<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>olid<span class=\"_ _0\"></span>ated Inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs465\">S<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent an<span class=\"_ _0\"></span>d Con<span class=\"_ _0\"></span>soli<span class=\"_ _0\"></span>dated S<span class=\"_ _0\"></span>tate<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t of Comp<span class=\"_ _0\"></span>reh<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>ve Inc<span class=\"_ _0\"></span>ome<span class=\"_ _0\"></span>. Al<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>ugh th<span class=\"_ _0\"></span>ese es<span class=\"_ _0\"></span>timates are bas<span class=\"_ _0\"></span>ed on man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>\u2019s best kn<span class=\"_ _0\"></span>owle<span class=\"_ _0\"></span>dge of </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs466\">cur<span class=\"_ _0\"></span>rent ci<span class=\"_ _0\"></span>rcu<span class=\"_ _0\"></span>msta<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>es and fu<span class=\"_ _0\"></span>ture eve<span class=\"_ _0\"></span>nts and ac<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s, ac<span class=\"_ _0\"></span>tual resu<span class=\"_ _0\"></span>lts may dif<span class=\"_ _0\"></span>fer fro<span class=\"_ _0\"></span>m thos<span class=\"_ _0\"></span>e estim<span class=\"_ _0\"></span>ates.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs467\">For ta<span class=\"_ _0\"></span>x this i<span class=\"_ _0\"></span>ncl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>s the d<span class=\"_ _0\"></span>eter<span class=\"_ _0\"></span>minat<span class=\"_ _0\"></span>ion of as<span class=\"_ _0\"></span>sets a<span class=\"_ _0\"></span>nd lia<span class=\"_ _0\"></span>bilit<span class=\"_ _0\"></span>ies re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed in re<span class=\"_ _0\"></span>sp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t of unc<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>tain ta<span class=\"_ _0\"></span>x pos<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>ns an<span class=\"_ _0\"></span>d the e<span class=\"_ _0\"></span>stim<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of futu<span class=\"_ _0\"></span>re </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs468\">taxa<span class=\"_ _0\"></span>ble in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me sup<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g defer<span class=\"_ _0\"></span>red ta<span class=\"_ _0\"></span>x asset re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs469\">As the G<span class=\"_ _0\"></span>roup op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ates intern<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>nally, it is expos<span class=\"_ _0\"></span>ed to unc<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ain ta<span class=\"_ _0\"></span>x posi<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s and cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>s in legis<span class=\"_ _0\"></span>latio<span class=\"_ _0\"></span>n in the juri<span class=\"_ _0\"></span>sdic<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns in whic<span class=\"_ _0\"></span>h it ope<span class=\"_ _0\"></span>rates<span class=\"_ _0\"></span>. </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls7 ws3d gs46a\">Th<span class=\"_ _0\"></span>e assessm<span class=\"_ _0\"></span>ent of <span class=\"_ _1\"></span>unc<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>tain tax positi<span class=\"_ _0\"></span>ons is subjec<span class=\"_ _0\"></span>tive and signif<span class=\"_ _0\"></span>ica<span class=\"_ _0\"></span>nt manage<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt judge<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt is <span class=\"_ _1\"></span>requi<span class=\"_ _0\"></span>red<span class=\"_ _0\"></span>. This judgem<span class=\"_ _0\"></span>ent is based on <span class=\"_ _1\"></span>inter<span class=\"_ _0\"></span>pret<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs46b\">of legisl<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n, man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt exp<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ce and profes<span class=\"_ _0\"></span>sio<span class=\"_ _0\"></span>nal adv<span class=\"_ _0\"></span>ice<span class=\"_ _0\"></span>. The di<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>tors have asse<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>d the Gro<span class=\"_ _0\"></span>up\u2019s unce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>in tax po<span class=\"_ _0\"></span>siti<span class=\"_ _0\"></span>ons an<span class=\"_ _0\"></span>d are </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs46c\">co<span class=\"_ _0\"></span>mfor<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ble that th<span class=\"_ _0\"></span>e provisi<span class=\"_ _0\"></span>ons in pla<span class=\"_ _0\"></span>ce are not mate<span class=\"_ _0\"></span>rial in<span class=\"_ _0\"></span>divi<span class=\"_ _0\"></span>dual<span class=\"_ _0\"></span>ly or in agg<span class=\"_ _0\"></span>rega<span class=\"_ _0\"></span>te, and that a reaso<span class=\"_ _0\"></span>nab<span class=\"_ _0\"></span>le pos<span class=\"_ _0\"></span>sibl<span class=\"_ _0\"></span>e alter<span class=\"_ _0\"></span>native ou<span class=\"_ _0\"></span>tco<span class=\"_ _0\"></span>me in </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs46d\">the<span class=\"_ gsec\"> </span>n<span class=\"_ _0\"></span>ex<span class=\"_ _0\"></span>t fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>ial year wou<span class=\"_ _0\"></span>ld not have a material im<span class=\"_ _0\"></span>pac<span class=\"_ _0\"></span>t to the results of the Gro<span class=\"_ _0\"></span>up.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h15 ff1 fs5 fc2 sc0 ls18 ws0 gs46e\">Foreig<span class=\"_ _0\"></span>n exch<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nge a<span class=\"_ _0\"></span>nd exch<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nge r<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs46f\">Fore<span class=\"_ _0\"></span>ign cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>ncy tra<span class=\"_ _0\"></span>nsa<span class=\"_ _0\"></span>ctio<span class=\"_ _0\"></span>ns are tran<span class=\"_ _0\"></span>slated into the fu<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>al cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cy usin<span class=\"_ _0\"></span>g the excha<span class=\"_ _0\"></span>nge rate preva<span class=\"_ _0\"></span>iling at th<span class=\"_ _0\"></span>e date of <span class=\"_ _1\"></span>the tra<span class=\"_ _0\"></span>nsa<span class=\"_ _0\"></span>ctio<span class=\"_ _0\"></span>ns.<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs470\">Th<span class=\"_ _0\"></span>e<span class=\"_ gsec\"> </span>fun<span class=\"_ _0\"></span>ctio<span class=\"_ _0\"></span>nal cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>ncy of the Gro<span class=\"_ _0\"></span>up\u2019s foreign o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ratio<span class=\"_ _0\"></span>ns is the cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cy of the pri<span class=\"_ _0\"></span>mar<span class=\"_ _3\"></span>y eco<span class=\"_ _0\"></span>no<span class=\"_ _0\"></span>mic envi<span class=\"_ _0\"></span>ron<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t in which th<span class=\"_ _0\"></span>e enti<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y ope<span class=\"_ _0\"></span>rates.<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs471\">Th<span class=\"_ _0\"></span>e<span class=\"_ gsec\"> </span>asse<span class=\"_ _0\"></span>ts and liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es of all of the Group\u2019s foreign o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ratio<span class=\"_ _0\"></span>ns are tran<span class=\"_ _0\"></span>slated into ster<span class=\"_ _0\"></span>ling<span class=\"_ _0\"></span>, the Gro<span class=\"_ _0\"></span>up\u2019s prese<span class=\"_ _0\"></span>ntati<span class=\"_ _0\"></span>on cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cy, at the closin<span class=\"_ _0\"></span>g </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs472\">rate<span class=\"_ gsec\"> </span>at<span class=\"_ gsec\"> </span>the date of the Co<span class=\"_ _0\"></span>nsol<span class=\"_ _0\"></span>idated B<span class=\"_ _0\"></span>alan<span class=\"_ _0\"></span>ce Sh<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t. In<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me and ex<span class=\"_ _0\"></span>pen<span class=\"_ _0\"></span>ses are tra<span class=\"_ _0\"></span>nslate<span class=\"_ _0\"></span>d at average exch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e rates. On co<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>lidat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>, excha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs473\">dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>s arisi<span class=\"_ _0\"></span>ng from th<span class=\"_ _0\"></span>e trans<span class=\"_ _0\"></span>latio<span class=\"_ _0\"></span>n of the net inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt in foreig<span class=\"_ _0\"></span>n entit<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>, and of bor<span class=\"_ _0\"></span>rowing<span class=\"_ _0\"></span>s and othe<span class=\"_ _0\"></span>r cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cy inst<span class=\"_ _0\"></span>rum<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts desig<span class=\"_ _0\"></span>nated </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs474\">as<span class=\"_ gsec\"> </span>he<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>s of such invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts<span class=\"_ _0\"></span>, are taken to a <span class=\"_ _1\"></span>sep<span class=\"_ _0\"></span>arate co<span class=\"_ _0\"></span>mpo<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>nt of share<span class=\"_ _0\"></span>hol<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>s\u2019 equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs475\">Fore<span class=\"_ _0\"></span>ign exch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e gains and lo<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s are reco<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>sed in th<span class=\"_ _0\"></span>e Con<span class=\"_ _0\"></span>soli<span class=\"_ _0\"></span>dated Inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e S<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>, excep<span class=\"_ _0\"></span>t when re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d in equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y as quali<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g cash<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs476\">fl<span class=\"_ _0\"></span>ow or net inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt hed<span class=\"_ _0\"></span>ges<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h15 ff1 fs5 fc2 sc0 lsac ws8 gs478\">Share<span class=\"_ _0\"></span>-based payments<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs479\">Th<span class=\"_ _0\"></span>e Group ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>unts for op<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s and awards und<span class=\"_ _0\"></span>er eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n plans<span class=\"_ _0\"></span>, until su<span class=\"_ _0\"></span>ch tim<span class=\"_ _0\"></span>e as they are full<span class=\"_ _0\"></span>y vested<span class=\"_ _0\"></span>, usin<span class=\"_ _0\"></span>g the fair valu<span class=\"_ _0\"></span>e </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs47a\">base<span class=\"_ _0\"></span>d<span class=\"_ gsec\"> </span>met<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>d of accou<span class=\"_ _0\"></span>ntin<span class=\"_ _0\"></span>g. T<span class=\"_ _0\"></span>he fair valu<span class=\"_ _0\"></span>e at the date of <span class=\"_ _1\"></span>gra<span class=\"_ _0\"></span>nt of the equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y instr<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ent is re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d as an expe<span class=\"_ _0\"></span>nse<span class=\"_ _0\"></span>, sprea<span class=\"_ _0\"></span>d over the vesti<span class=\"_ _0\"></span>ng </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs47b\">per<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d of the instr<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>. The total am<span class=\"_ _0\"></span>ount to be exp<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>ed is deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ed by referen<span class=\"_ _0\"></span>ce to the fair valu<span class=\"_ _0\"></span>e of the awards, exclu<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>g the impa<span class=\"_ _0\"></span>ct of </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs47c\">any<span class=\"_ gsec\"> </span>no<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>mar<span class=\"_ _0\"></span>ket vesti<span class=\"_ _0\"></span>ng co<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s. At eac<span class=\"_ _0\"></span>h balan<span class=\"_ _0\"></span>ce she<span class=\"_ _0\"></span>et date<span class=\"_ _0\"></span>, the Grou<span class=\"_ _0\"></span>p revise<span class=\"_ _0\"></span>s its esti<span class=\"_ _0\"></span>mate of the numb<span class=\"_ _0\"></span>er of equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y inst<span class=\"_ _0\"></span>rum<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s which are<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs47d\">exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted to beco<span class=\"_ _0\"></span>me exerc<span class=\"_ _0\"></span>isab<span class=\"_ _0\"></span>le. I<span class=\"_ _0\"></span>t reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>es the im<span class=\"_ _0\"></span>pac<span class=\"_ _0\"></span>t of the revisio<span class=\"_ _0\"></span>n of origi<span class=\"_ _0\"></span>nal esti<span class=\"_ _0\"></span>mates<span class=\"_ _0\"></span>, if any<span class=\"_ _1\"></span>, in the Co<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>lidated In<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me S<span class=\"_ _0\"></span>tate<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t and </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs47e\">a<span class=\"_ gsec\"> </span>cor<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>ndin<span class=\"_ _0\"></span>g adjus<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt is made to equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y. <span class=\"_ _1\"></span>On ves<span class=\"_ _0\"></span>ting or exer<span class=\"_ _0\"></span>cise<span class=\"_ _0\"></span>, the dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e bet<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n the exp<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>e charg<span class=\"_ _0\"></span>ed to the Co<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>lidated In<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs47f\">S<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent an<span class=\"_ _0\"></span>d the actu<span class=\"_ _0\"></span>al cos<span class=\"_ _0\"></span>t to the Group is<span class=\"_ gsec\"> </span>tr<span class=\"_ _0\"></span>ansfer<span class=\"_ _0\"></span>red to Retain<span class=\"_ _0\"></span>ed ea<span class=\"_ _0\"></span>rni<span class=\"_ _0\"></span>ngs<span class=\"_ _0\"></span>. Whe<span class=\"_ _0\"></span>re new sha<span class=\"_ _0\"></span>res are issu<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>, the pro<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>s rece<span class=\"_ _0\"></span>ive<span class=\"_ _0\"></span>d are credi<span class=\"_ _0\"></span>ted </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs480\">to Share ca<span class=\"_ _0\"></span>pit<span class=\"_ _0\"></span>al and Sh<span class=\"_ _0\"></span>are pre<span class=\"_ _0\"></span>mium<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h15 ff1 fs5 fc2 sc0 ls18 ws0 gs481\">Sha<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e capita<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>, sh<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>re pre<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>iu<span class=\"_ _0\"></span>m an<span class=\"_ _0\"></span>d employee s<span class=\"_ _0\"></span>cheme t<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y sh<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>res<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs482\">An e<span class=\"_ _0\"></span>quit<span class=\"_ _0\"></span>y in<span class=\"_ _0\"></span>str<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nt is any con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>t whic<span class=\"_ _0\"></span>h evid<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>es a resid<span class=\"_ _0\"></span>ual intere<span class=\"_ _0\"></span>st in the ne<span class=\"_ _0\"></span>t assets of an enti<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y. <span class=\"_ _1\"></span>It follows tha<span class=\"_ _0\"></span>t a finan<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>l instr<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs483\">is<span class=\"_ gsec\"> </span>treated as eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y if<span class=\"_ _0\"></span>:<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls58 ws8a gs484\">\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">the<span class=\"_ _0\"></span>re is no c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>tual o<span class=\"_ _0\"></span>blig<span class=\"_ _0\"></span>ation to d<span class=\"_ _0\"></span>elive<span class=\"_ _0\"></span>r cas<span class=\"_ _0\"></span>h or oth<span class=\"_ _0\"></span>er f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al asse<span class=\"_ _0\"></span>ts or to exch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial as<span class=\"_ _0\"></span>sets o<span class=\"_ _0\"></span>r lia<span class=\"_ _0\"></span>bilit<span class=\"_ _0\"></span>ies o<span class=\"_ _0\"></span>n unfavour<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e terms<span class=\"_ _3b2\"> </span></span></div><div class=\"t m2 ha ff3 fs5 fc1 sc0 ls9 ws15 gs485\">\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">the ins<span class=\"_ _0\"></span>tru<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt is eith<span class=\"_ _0\"></span>er a non<span class=\"_ _3\"></span>-<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>ivati<span class=\"_ _0\"></span>ve whic<span class=\"_ _0\"></span>h cont<span class=\"_ _0\"></span>ains no co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>actu<span class=\"_ _0\"></span>al obl<span class=\"_ _0\"></span>igati<span class=\"_ _0\"></span>on to delive<span class=\"_ _0\"></span>r a variab<span class=\"_ _0\"></span>le num<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r of own equit<span class=\"_ _0\"></span>y ins<span class=\"_ _0\"></span>tru<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts<span class=\"_ _0\"></span>, </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs486\">or<span class=\"_ gsec\"> </span>is<span class=\"_ gsec\"> </span>a<span class=\"_ gsec\"> </span>de<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>vative whi<span class=\"_ _0\"></span>ch will be se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tle<span class=\"_ _0\"></span>d only by the Gro<span class=\"_ _0\"></span>up exch<span class=\"_ _0\"></span>angi<span class=\"_ _0\"></span>ng a fixe<span class=\"_ _0\"></span>d amo<span class=\"_ _0\"></span>unt of cash<span class=\"_ _0\"></span>, or othe<span class=\"_ _0\"></span>r fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial asse<span class=\"_ _0\"></span>ts, for a fi<span class=\"_ _0\"></span>xed num<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs487\">of<span class=\"_ gsec\"> </span>its<span class=\"_ gsec\"> </span>own eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y ins<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nts<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs488\">Wh<span class=\"_ _0\"></span>ere any Grou<span class=\"_ _0\"></span>p enti<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y purc<span class=\"_ _0\"></span>hase<span class=\"_ _0\"></span>s the Co<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>ny<span class=\"_ _0\"></span>\u2019s equit<span class=\"_ _0\"></span>y sh<span class=\"_ _0\"></span>are cap<span class=\"_ _0\"></span>ital<span class=\"_ _0\"></span>, the co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ation pa<span class=\"_ _0\"></span>id, in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>ding any dir<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tly at<span class=\"_ _0\"></span>tri<span class=\"_ _0\"></span>bu<span class=\"_ _0\"></span>tabl<span class=\"_ _0\"></span>e inc<span class=\"_ _0\"></span>rem<span class=\"_ _0\"></span>enta<span class=\"_ _0\"></span>l </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs489\">cos<span class=\"_ _0\"></span>ts<span class=\"_ gsec\"> </span>(net of inco<span class=\"_ _0\"></span>me ta<span class=\"_ _0\"></span>xes), is <span class=\"_ _1\"></span>de<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>ted from e<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>ty at<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ble to share<span class=\"_ _0\"></span>hol<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>s. W<span class=\"_ _0\"></span>here su<span class=\"_ _0\"></span>ch sh<span class=\"_ _0\"></span>ares are sub<span class=\"_ _0\"></span>seq<span class=\"_ _0\"></span>uen<span class=\"_ _0\"></span>tly so<span class=\"_ _0\"></span>ld, rei<span class=\"_ _0\"></span>ssu<span class=\"_ _0\"></span>ed or<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs48a\">othe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>wise<span class=\"_ gsec\"> </span>dis<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>sed of, any consi<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n rece<span class=\"_ _0\"></span>ive<span class=\"_ _0\"></span>d is inclu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d in equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y att<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>uta<span class=\"_ _0\"></span>ble to share<span class=\"_ _0\"></span>hol<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>, net of any direc<span class=\"_ _0\"></span>tly at<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>tabl<span class=\"_ _0\"></span>e inc<span class=\"_ _0\"></span>rem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>al </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs48b\">tran<span class=\"_ _0\"></span>sac<span class=\"_ _0\"></span>tion c<span class=\"_ _0\"></span>osts an<span class=\"_ _0\"></span>d the relate<span class=\"_ _0\"></span>d inco<span class=\"_ _0\"></span>me ta<span class=\"_ _0\"></span>x effe<span class=\"_ _0\"></span>cts<span class=\"_ _0\"></span>. Sh<span class=\"_ _0\"></span>ares he<span class=\"_ _0\"></span>ld on be<span class=\"_ _0\"></span>half of emp<span class=\"_ _0\"></span>loye<span class=\"_ _0\"></span>e share sc<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>mes are dis<span class=\"_ _0\"></span>clos<span class=\"_ _0\"></span>ed as suc<span class=\"_ _0\"></span>h on the<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs48c\">Co<span class=\"_ _0\"></span>nsol<span class=\"_ _0\"></span>idated B<span class=\"_ _0\"></span>alan<span class=\"_ _0\"></span>ce S<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>et.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h15 ff1 fs5 fc2 sc0 ls1c wsab gs48d\">Fiduci<span class=\"_ _0\"></span>ar<span class=\"_ _3\"></span>y act<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>itie<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs48e\">Ass<span class=\"_ _0\"></span>ets ass<span class=\"_ _0\"></span>oci<span class=\"_ _0\"></span>ated with f<span class=\"_ _0\"></span>idu<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y acti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ties an<span class=\"_ _0\"></span>d the inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e arisin<span class=\"_ _0\"></span>g from th<span class=\"_ _0\"></span>ose ass<span class=\"_ _0\"></span>ets<span class=\"_ _0\"></span>, togeth<span class=\"_ _0\"></span>er wit<span class=\"_ _0\"></span>h asso<span class=\"_ _0\"></span>ciated c<span class=\"_ _0\"></span>omm<span class=\"_ _0\"></span>itm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s to return suc<span class=\"_ _0\"></span>h </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs48f\">asse<span class=\"_ _0\"></span>ts to custome<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>, are not incl<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>ed in the<span class=\"_ _0\"></span>se fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>ial state<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts. W<span class=\"_ _0\"></span>here th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p acts in a fi<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>iar<span class=\"_ _0\"></span>y c<span class=\"_ _0\"></span>apac<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y, for instan<span class=\"_ _0\"></span>ce as a trus<span class=\"_ _0\"></span>tee </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs490\">or<span class=\"_ gsec\"> </span>ag<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>, it has no co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>ctu<span class=\"_ _0\"></span>al righ<span class=\"_ _0\"></span>ts over the asse<span class=\"_ _0\"></span>ts co<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h21 ff1 fs10 fc2 sc0 ls77 ws0 gs491\">(ix) <span class=\"_ _d2\"> </span>Foreign e<span class=\"_ _0\"></span>xchan<span class=\"_ _0\"></span>ge and excha<span class=\"_ _0\"></span>nge rate<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs492\">Th<span class=\"_ _0\"></span>e prin<span class=\"_ _0\"></span>cip<span class=\"_ _0\"></span>al foreign exc<span class=\"_ _0\"></span>hang<span class=\"_ _0\"></span>e rates use<span class=\"_ _0\"></span>d for transl<span class=\"_ _0\"></span>ation are<span class=\"_ _0\"></span>:<span class=\"_ _3b2\"> </span></div><div class=\"gs493\"><table class=\"s w101 h129\" id=\"_fc23fe16-7ae4-46d4-809b-b2de2a9858da\"><tr><td class=\"c n x1cb y40a6 w102 h11d\"><div class=\"t m2 x1ca hf y40a5 ff5 fs9 fc1 sc0 ls18 ws0\">Year e<span class=\"_ _0\"></span>nd e<span class=\"_ _0\"></span>xc<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3f6 y40a6 w103 h11d\"><div class=\"t m2 x1ca hf y40a5 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3f7 y40a8 w104 h11e\"><div class=\"t m2 x1ca hf y40a7 ff3 fs9 fc1 sc0 ls29 ws30\">20<span class=\"_ _0\"></span>23<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4158 w105 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls14f ws118\">Un<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d S<span class=\"_ _3\"></span>tate<span class=\"_ _0\"></span>s d<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3f8 y4158 w106 h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">1.25<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3f9 y4158 w107 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1.27<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w108 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls130 ws1a1\">Euro<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3f8 y40ae w106 h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">1.21<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3f9 y40ae w107 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1.15<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"gs494\"><table class=\"s w109 h129\" id=\"_abe8c46c-7829-4113-bb3b-c9ff38309722\"><tr><td class=\"c n x1cb y40a6 w10a h11d\"><div class=\"t m2 x1ca hf y40a5 ff6 fs9 fc1 sc0 ls18 ws32\">Aver<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ge exc<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ge r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3fa y40a6 w103 h11d\"><div class=\"t m2 x1ca hf y40a5 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3fb y40a8 w104 h11e\"><div class=\"t m2 x1ca hf y40a7 ff3 fs9 fc1 sc0 ls29 ws30\">20<span class=\"_ _0\"></span>23<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ac w105 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls14f ws118\">Un<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d S<span class=\"_ _3\"></span>tate<span class=\"_ _0\"></span>s d<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3f8 y40ac w106 h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">1.28<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3f9 y40ac w107 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1.24<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w108 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls130 ws1a1\">Euro<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3f8 y40ae w106 h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">1.18<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3f9 y40ae w107 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1.15<span class=\"_ _3b2\"> </span></div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfMaterialAccountingPolicyInformationExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-586": {
   "value": "1<span class=\"ls8d\">. <span class=\"_ _8\"> </span>Basis o<span class=\"_ _1\"></span>f pr<span class=\"_ _1\"></span>eparatio<span class=\"_ _1\"></span>n and a<span class=\"_ _1\"></span>cco<span class=\"_ _1\"></span>unting polici<span class=\"_ _1\"></span>es<span class=\"_ _3b2\"> </span></span>Leg<span class=\"_ _0\"></span>al &amp; Gene<span class=\"_ _0\"></span>ral Gro<span class=\"_ _0\"></span>up Plc<span class=\"_ _0\"></span>, a pub<span class=\"_ _0\"></span>lic limi<span class=\"_ _0\"></span>ted co<span class=\"_ _0\"></span>mpany in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>ora<span class=\"_ _0\"></span>ted and do<span class=\"_ _0\"></span>mici<span class=\"_ _0\"></span>led in E<span class=\"_ _0\"></span>ngla<span class=\"_ _0\"></span>nd and Wales<span class=\"_ _0\"></span>, op<span class=\"_ _0\"></span>erates ac<span class=\"_ _0\"></span>ros<span class=\"_ _0\"></span>s three br<span class=\"_ _0\"></span>oad bus<span class=\"_ _0\"></span>ines<span class=\"_ _0\"></span>s areas of insti<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>al retire<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt, as<span class=\"_ _0\"></span>set man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt, an<span class=\"_ _0\"></span>d retail (in<span class=\"_ _0\"></span>sura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e and retire<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt), throu<span class=\"_ _0\"></span>gh its su<span class=\"_ _0\"></span>bsidi<span class=\"_ _0\"></span>ari<span class=\"_ _0\"></span>es and ass<span class=\"_ _0\"></span>oci<span class=\"_ _0\"></span>ates in the Uni<span class=\"_ _0\"></span>ted Kin<span class=\"_ _0\"></span>gd<span class=\"_ _0\"></span>om (U<span class=\"_ _0\"></span>K<span class=\"_ _0\"></span>), the Un<span class=\"_ _0\"></span>ited S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ates and other c<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>trie<span class=\"_ _0\"></span>s throu<span class=\"_ _0\"></span>gh<span class=\"_ _0\"></span>out th<span class=\"_ _0\"></span>e world<span class=\"_ _0\"></span>. (i<span class=\"_ _1\"></span>) <span class=\"_ _8\"> </span>Basi<span class=\"_ _0\"></span>s of prepa<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>ion<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Group f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al statem<span class=\"_ _0\"></span>ents have be<span class=\"_ _0\"></span>en p<span class=\"_ _0\"></span>repa<span class=\"_ _0\"></span>red in ac<span class=\"_ _0\"></span>cor<span class=\"_ _0\"></span>dan<span class=\"_ _0\"></span>ce wit<span class=\"_ _0\"></span>h UK-ad<span class=\"_ _0\"></span>opted in<span class=\"_ _0\"></span>terna<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>al acc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ting st<span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>ards<span class=\"_ _0\"></span>, com<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>ising In<span class=\"_ _0\"></span>ternat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>al Acc<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nting S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>ards and In<span class=\"_ _0\"></span>ternat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>al Fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al Rep<span class=\"_ _0\"></span>or<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>rds (IF<span class=\"_ _0\"></span>RS) as issue<span class=\"_ _0\"></span>d by the Intern<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>nal Acc<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>ntin<span class=\"_ _0\"></span>g S<span class=\"_ _0\"></span>tand<span class=\"_ _0\"></span>ards B<span class=\"_ _0\"></span>oard (I<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>SB), and rela<span class=\"_ _0\"></span>ted interp<span class=\"_ _0\"></span>retat<span class=\"_ _0\"></span>ions is<span class=\"_ _0\"></span>sue<span class=\"_ _0\"></span>d by the IFR<span class=\"_ _0\"></span>S Interp<span class=\"_ _0\"></span>retat<span class=\"_ _0\"></span>ions C<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>mit<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>e. En<span class=\"_ _0\"></span>dor<span class=\"_ _0\"></span>sem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t is granted by the U<span class=\"_ _0\"></span>K Endo<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt Bo<span class=\"_ _0\"></span>ard (U<span class=\"_ _0\"></span>K<span class=\"_ _0\"></span>EB). The<span class=\"_ _0\"></span> Grou<span class=\"_ _0\"></span>p fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial state<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts have bee<span class=\"_ _0\"></span>n prep<span class=\"_ _0\"></span>ared un<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r the histor<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>al cos<span class=\"_ _0\"></span>t conve<span class=\"_ _0\"></span>ntio<span class=\"_ _0\"></span>n, as mo<span class=\"_ _0\"></span>dif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d by the revaluati<span class=\"_ _0\"></span>on of investm<span class=\"_ _0\"></span>ent pr<span class=\"_ _0\"></span>ope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>ial ass<span class=\"_ _0\"></span>ets at fair value th<span class=\"_ _0\"></span>roug<span class=\"_ _0\"></span>h other c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>reh<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>ive inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e, and c<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ain asse<span class=\"_ _0\"></span>ts and f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>l liabili<span class=\"_ _0\"></span>ties (i<span class=\"_ _0\"></span>ncl<span class=\"_ _0\"></span>udin<span class=\"_ _0\"></span>g der<span class=\"_ _0\"></span>ivati<span class=\"_ _0\"></span>ve instr<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ents) at<span class=\"_ gsec\"> </span>fair valu<span class=\"_ _0\"></span>e throu<span class=\"_ _0\"></span>gh prof<span class=\"_ _0\"></span>it or lo<span class=\"_ _0\"></span>ss.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Group ha<span class=\"_ _0\"></span>s sele<span class=\"_ _0\"></span>cted ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>unti<span class=\"_ _0\"></span>ng po<span class=\"_ _0\"></span>lici<span class=\"_ _0\"></span>es whic<span class=\"_ _0\"></span>h state fairl<span class=\"_ _0\"></span>y its fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial po<span class=\"_ _0\"></span>siti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>, fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>manc<span class=\"_ _0\"></span>e and c<span class=\"_ _0\"></span>ash fl<span class=\"_ _0\"></span>ows for a repor<span class=\"_ _3\"></span>ting pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d.<span class=\"_ _0\"></span> Th<span class=\"_ _0\"></span>e acc<span class=\"_ _0\"></span>ount<span class=\"_ _0\"></span>ing po<span class=\"_ _0\"></span>lici<span class=\"_ _0\"></span>es have be<span class=\"_ _0\"></span>en co<span class=\"_ _0\"></span>nsis<span class=\"_ _0\"></span>tently ap<span class=\"_ _0\"></span>plie<span class=\"_ _0\"></span>d to all years prese<span class=\"_ _0\"></span>nted unl<span class=\"_ _0\"></span>ess oth<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>wi<span class=\"_ _0\"></span>se stated<span class=\"_ _0\"></span>. Fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial ass<span class=\"_ _0\"></span>ets an<span class=\"_ _0\"></span>d fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial li<span class=\"_ _0\"></span>abili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s are disc<span class=\"_ _0\"></span>los<span class=\"_ _0\"></span>ed gr<span class=\"_ _0\"></span>oss in t<span class=\"_ _0\"></span>he C<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>olid<span class=\"_ _0\"></span>ated Bal<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e S<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>et unl<span class=\"_ _0\"></span>ess a l<span class=\"_ _0\"></span>eg<span class=\"_ _0\"></span>ally e<span class=\"_ _0\"></span>nforce<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e rig<span class=\"_ _0\"></span>ht of off<span class=\"_ _0\"></span>set ex<span class=\"_ _0\"></span>ists and the<span class=\"_ _0\"></span>re is an intentio<span class=\"_ _0\"></span>n to set<span class=\"_ _0\"></span>tle rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d amou<span class=\"_ _0\"></span>nts on a net bas<span class=\"_ _0\"></span>is. Inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e and exp<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ses are not of<span class=\"_ _0\"></span>fset in th<span class=\"_ _0\"></span>e Con<span class=\"_ _0\"></span>soli<span class=\"_ _0\"></span>dated Inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e S<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span> unle<span class=\"_ _0\"></span>ss req<span class=\"_ _0\"></span>uire<span class=\"_ _0\"></span>d or per<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ted by any acco<span class=\"_ _0\"></span>unti<span class=\"_ _0\"></span>ng stan<span class=\"_ _0\"></span>dard o<span class=\"_ _0\"></span>r Intern<span class=\"_ _0\"></span>ation<span class=\"_ _0\"></span>al Fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial Rep<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>ting Inter<span class=\"_ _0\"></span>pret<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns Co<span class=\"_ _0\"></span>mmi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tee (IF<span class=\"_ _0\"></span>RIC) interp<span class=\"_ _0\"></span>retat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>, as deta<span class=\"_ _0\"></span>ile<span class=\"_ _0\"></span>d in the appl<span class=\"_ _0\"></span>ica<span class=\"_ _0\"></span>ble ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>unti<span class=\"_ _0\"></span>ng pol<span class=\"_ _0\"></span>icie<span class=\"_ _0\"></span>s of the Group<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>(ii) <span class=\"_ _d\"> </span>G<span class=\"_ _0\"></span>oin<span class=\"_ _0\"></span>g concer<span class=\"_ _0\"></span>n<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Group\u2019s busi<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>s acti<span class=\"_ _0\"></span>viti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, togeth<span class=\"_ _0\"></span>er wit<span class=\"_ _0\"></span>h the factor<span class=\"_ _0\"></span>s likely to affec<span class=\"_ _0\"></span>t its fu<span class=\"_ _0\"></span>ture deve<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>pme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>, per<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rma<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e and pos<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>n in the cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>t eco<span class=\"_ _0\"></span>no<span class=\"_ _0\"></span>mic<span class=\"_ _0\"></span> envir<span class=\"_ _0\"></span>onm<span class=\"_ _0\"></span>ent are se<span class=\"_ _0\"></span>t out in this A<span class=\"_ _0\"></span>nnu<span class=\"_ _0\"></span>al rep<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>t and acc<span class=\"_ _0\"></span>ount<span class=\"_ _0\"></span>s. Th<span class=\"_ _0\"></span>e fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial po<span class=\"_ _0\"></span>siti<span class=\"_ _0\"></span>on of the Grou<span class=\"_ _0\"></span>p, its cas<span class=\"_ _0\"></span>h flows<span class=\"_ _0\"></span>, liqui<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>y po<span class=\"_ _0\"></span>siti<span class=\"_ _0\"></span>on and b<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>rowing<span class=\"_ _0\"></span> facili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s are desc<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>ed in th<span class=\"_ _0\"></span>ese co<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>lidated f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al statem<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span>. Pri<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>pal ris<span class=\"_ _0\"></span>ks and unc<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>tainti<span class=\"_ _0\"></span>es are det<span class=\"_ _0\"></span>aile<span class=\"_ _0\"></span>d on page<span class=\"_ _0\"></span>s 49 to <span class=\"_ _1\"></span>5<span class=\"_ _0\"></span>3.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e direc<span class=\"_ _0\"></span>tors have mad<span class=\"_ _0\"></span>e an asses<span class=\"_ _0\"></span>sme<span class=\"_ _0\"></span>nt of the Grou<span class=\"_ _0\"></span>p\u2019s going co<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>n, co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ing b<span class=\"_ _0\"></span>oth the cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>t per<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rma<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e and the ou<span class=\"_ _0\"></span>tlo<span class=\"_ _0\"></span>ok for a per<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d of at least<span class=\"_ _0\"></span>, bu<span class=\"_ _0\"></span>t not limi<span class=\"_ _0\"></span>ted to, 1<span class=\"_ _1\"></span>2 <span class=\"_ _1\"></span>mo<span class=\"_ _0\"></span>nths fro<span class=\"_ _0\"></span>m the date of approval of thes<span class=\"_ _0\"></span>e cons<span class=\"_ _0\"></span>olid<span class=\"_ _0\"></span>ated fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial st<span class=\"_ _0\"></span>ateme<span class=\"_ _0\"></span>nts<span class=\"_ _0\"></span>, using th<span class=\"_ _0\"></span>e informat<span class=\"_ _0\"></span>ion availa<span class=\"_ _0\"></span>ble up to the date of issue of this An<span class=\"_ _0\"></span>nual re<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t and ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>unts<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e Group mana<span class=\"_ _0\"></span>ges and mo<span class=\"_ _0\"></span>nitor<span class=\"_ _0\"></span>s its capit<span class=\"_ _0\"></span>al and liquidi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, <span class=\"_ _1\"></span>and appl<span class=\"_ _0\"></span>ies vari<span class=\"_ _0\"></span>ous stre<span class=\"_ _0\"></span>sses<span class=\"_ _0\"></span>, incl<span class=\"_ _0\"></span>udin<span class=\"_ _0\"></span>g adver<span class=\"_ _0\"></span>se inflat<span class=\"_ _0\"></span>ion and interes<span class=\"_ _0\"></span>t rate scenar<span class=\"_ _0\"></span>ios<span class=\"_ _0\"></span>, to thos<span class=\"_ _0\"></span>e posit<span class=\"_ _0\"></span>ions to under<span class=\"_ _0\"></span>sta<span class=\"_ _0\"></span>nd potenti<span class=\"_ _0\"></span>al impac<span class=\"_ _0\"></span>ts from mar<span class=\"_ _0\"></span>ket downtur<span class=\"_ _0\"></span>ns. Ou<span class=\"_ _0\"></span>r key <span class=\"_ _1\"></span>sensi<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>es and the impac<span class=\"_ _0\"></span>ts on our capi<span class=\"_ _0\"></span>tal posi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n from a range<span class=\"_ _0\"></span> of<span class=\"_ gsec\"> </span>stres<span class=\"_ _0\"></span>ses are discl<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>d in Note <span class=\"_ _1\"></span>27 Manage<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt of capita<span class=\"_ _0\"></span>l resourc<span class=\"_ _0\"></span>es1<span class=\"_ _3b2\"> </span>. Thes<span class=\"_ _0\"></span>e stresse<span class=\"_ _0\"></span>s do not give <span class=\"_ _1\"></span>ris<span class=\"_ _0\"></span>e t<span class=\"_ _1\"></span>o any material unc<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ainti<span class=\"_ _0\"></span>es over the abilit<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> of<span class=\"_ gsec\"> </span>the Grou<span class=\"_ _0\"></span>p to <span class=\"_ _1\"></span>conti<span class=\"_ _0\"></span>nue as a going con<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>. Based up<span class=\"_ _0\"></span>on the availab<span class=\"_ _0\"></span>le informa<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>, the direc<span class=\"_ _0\"></span>tors co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>er that the Grou<span class=\"_ _0\"></span>p has the plans and resourc<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span> to <span class=\"_ _1\"></span>man<span class=\"_ _0\"></span>age its busi<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>s risks succ<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>sfull<span class=\"_ _0\"></span>y and that it remains fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>ciall<span class=\"_ _0\"></span>y stron<span class=\"_ _0\"></span>g and well diversi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Havin<span class=\"_ _0\"></span>g reasse<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>d the pr<span class=\"_ _0\"></span>inc<span class=\"_ _0\"></span>ipal ris<span class=\"_ _0\"></span>ks and un<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tai<span class=\"_ _0\"></span>nties (<span class=\"_ _0\"></span>both f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al and op<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>al) in lig<span class=\"_ _0\"></span>ht of the curr<span class=\"_ _0\"></span>ent ec<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>ic envir<span class=\"_ _0\"></span>onm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>, as deta<span class=\"_ _0\"></span>ile<span class=\"_ _0\"></span>d on pag<span class=\"_ _0\"></span>es 49 to <span class=\"_ _1\"></span>5<span class=\"_ _0\"></span>3, th<span class=\"_ _0\"></span>e direc<span class=\"_ _0\"></span>tors are c<span class=\"_ _0\"></span>onf<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>nt that the Gr<span class=\"_ _0\"></span>oup an<span class=\"_ _0\"></span>d Com<span class=\"_ _0\"></span>pany will have suf<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ien<span class=\"_ _0\"></span>t funds to con<span class=\"_ _0\"></span>tinu<span class=\"_ _0\"></span>e to meet its lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ties as the<span class=\"_ _0\"></span>y fall due for a per<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d of, <span class=\"_ _1\"></span>bu<span class=\"_ _0\"></span>t not limite<span class=\"_ _0\"></span>d to, 1<span class=\"_ _1\"></span>2 <span class=\"_ _1\"></span>mon<span class=\"_ _0\"></span>ths fro<span class=\"_ _0\"></span>m the date of approval of the fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial st<span class=\"_ _0\"></span>ateme<span class=\"_ _0\"></span>nts and the<span class=\"_ _0\"></span>refore have co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>d it appr<span class=\"_ _0\"></span>opr<span class=\"_ _0\"></span>iate to adopt the go<span class=\"_ _0\"></span>ing co<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>n basis of acc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ting wh<span class=\"_ _0\"></span>en pre<span class=\"_ _0\"></span>pari<span class=\"_ _0\"></span>ng the f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al statem<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>(iii) <span class=\"_ _20\"> </span>New segmentat<span class=\"_ _0\"></span>ion basis a<span class=\"_ _0\"></span>nd rest<span class=\"_ _0\"></span>atement of fi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>form<span class=\"_ _0\"></span>ation<span class=\"_ _3b2\"> </span>At a Capit<span class=\"_ _0\"></span>al Mar<span class=\"_ _0\"></span>kets Event on 1<span class=\"_ _1\"></span>2 June 20<span class=\"_ _0\"></span>24<span class=\"_ _0\"></span>, the Grou<span class=\"_ _0\"></span>p set ou<span class=\"_ _0\"></span>t a refreshe<span class=\"_ _0\"></span>d str<span class=\"_ _0\"></span>ategy an<span class=\"_ _0\"></span>d set of fina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al targe<span class=\"_ _0\"></span>ts. A<span class=\"_ _0\"></span>s par<span class=\"_ _0\"></span>t of a new visio<span class=\"_ _0\"></span>n for<span class=\"_ gsec\"> </span>a<span class=\"_ gsec\"> </span>growin<span class=\"_ _0\"></span>g, si<span class=\"_ _0\"></span>mpl<span class=\"_ _0\"></span>er and be<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ter-<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>onn<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted busi<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>s, th<span class=\"_ _0\"></span>e Group has im<span class=\"_ _0\"></span>ple<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nted a revise<span class=\"_ _0\"></span>d busi<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>s mod<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>, incl<span class=\"_ _0\"></span>udin<span class=\"_ _0\"></span>g the:<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">creat<span class=\"_ _0\"></span>ion of a singl<span class=\"_ _0\"></span>e Asse<span class=\"_ _0\"></span>t Mana<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t divisi<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>, brin<span class=\"_ _0\"></span>gin<span class=\"_ _0\"></span>g Legal &amp; Ge<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>ral Invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt Mana<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t (LGIM) and Le<span class=\"_ _0\"></span>gal &amp; Ge<span class=\"_ _0\"></span>ner<span class=\"_ _0\"></span>al Cap<span class=\"_ _0\"></span>ital (LGC) </span>toget<span class=\"_ _0\"></span>her as a unif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d, gl<span class=\"_ _0\"></span>oba<span class=\"_ _0\"></span>l, pub<span class=\"_ _0\"></span>lic an<span class=\"_ _0\"></span>d private mar<span class=\"_ _0\"></span>kets asse<span class=\"_ _0\"></span>t manag<span class=\"_ _0\"></span>er<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">max<span class=\"_ _0\"></span>imis<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of the value of non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>rategi<span class=\"_ _0\"></span>c asset<span class=\"_ _0\"></span>s throu<span class=\"_ _0\"></span>gh a new Co<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>orate Inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nts uni<span class=\"_ _0\"></span>t.<span class=\"_ _3b2\"> </span></span>As a resul<span class=\"_ _0\"></span>t, th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p is now focuse<span class=\"_ _0\"></span>d on thre<span class=\"_ _0\"></span>e cor<span class=\"_ _0\"></span>e busin<span class=\"_ _0\"></span>ess div<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>, name<span class=\"_ _0\"></span>ly Ins<span class=\"_ _0\"></span>titu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal Retir<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>, Ass<span class=\"_ _0\"></span>et Mana<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t and Retai<span class=\"_ _0\"></span>l, with<span class=\"_ gsec\"> </span>a<span class=\"_ gsec\"> </span>s<span class=\"_ _0\"></span>hare<span class=\"_ _0\"></span>d sens<span class=\"_ _0\"></span>e of purpo<span class=\"_ _0\"></span>se and p<span class=\"_ _0\"></span>ower<span class=\"_ _0\"></span>fu<span class=\"_ _0\"></span>l syne<span class=\"_ _0\"></span>rgie<span class=\"_ _0\"></span>s. Th<span class=\"_ _0\"></span>e new divis<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>al orga<span class=\"_ _0\"></span>nisati<span class=\"_ _0\"></span>on has an imp<span class=\"_ _0\"></span>act o<span class=\"_ _0\"></span>n the rep<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e segm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s of the Group. Pr<span class=\"_ _0\"></span>evio<span class=\"_ _0\"></span>usl<span class=\"_ _0\"></span>y, <span class=\"_ _1\"></span>the Gro<span class=\"_ _0\"></span>up op<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>ted five re<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ble se<span class=\"_ _0\"></span>gme<span class=\"_ _0\"></span>nts<span class=\"_ _0\"></span>, co<span class=\"_ _0\"></span>mpr<span class=\"_ _0\"></span>isin<span class=\"_ _0\"></span>g Legal &amp; Ge<span class=\"_ _0\"></span>ner<span class=\"_ _0\"></span>al Retire<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt Inst<span class=\"_ _0\"></span>itu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal (LGRI)<span class=\"_ _0\"></span>, LGC, LGIM<span class=\"_ _0\"></span>, Insur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e and Reta<span class=\"_ _0\"></span>il Retire<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt. Fo<span class=\"_ _0\"></span>llowin<span class=\"_ _0\"></span>g the ann<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt, in lin<span class=\"_ _0\"></span>e with<span class=\"_ _0\"></span> the pr<span class=\"_ _0\"></span>inc<span class=\"_ _0\"></span>iple<span class=\"_ _0\"></span>s in IFR<span class=\"_ _0\"></span>S 8, \u2018O<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ratin<span class=\"_ _0\"></span>g Se<span class=\"_ _0\"></span>gm<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span>\u2019, <span class=\"_ _1\"></span>the Gro<span class=\"_ _0\"></span>up op<span class=\"_ _0\"></span>erat<span class=\"_ _0\"></span>ing and re<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ble se<span class=\"_ _0\"></span>gme<span class=\"_ _0\"></span>nts have be<span class=\"_ _0\"></span>en up<span class=\"_ _0\"></span>dated to the followin<span class=\"_ _0\"></span>g:<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">Insti<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>al Retire<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt, wh<span class=\"_ _0\"></span>ich co<span class=\"_ _0\"></span>ntin<span class=\"_ _0\"></span>ues to focus o<span class=\"_ _0\"></span>n world<span class=\"_ _0\"></span>wide pe<span class=\"_ _0\"></span>nsi<span class=\"_ _0\"></span>on ris<span class=\"_ _0\"></span>k transfer b<span class=\"_ _0\"></span>usin<span class=\"_ _0\"></span>ess op<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tun<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">Ass<span class=\"_ _0\"></span>et Man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt, th<span class=\"_ _0\"></span>e new co<span class=\"_ _0\"></span>mbin<span class=\"_ _0\"></span>ed inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt busi<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>s of the Group, c<span class=\"_ _0\"></span>omm<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ted to driv<span class=\"_ _0\"></span>ing grow<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h in publi<span class=\"_ _0\"></span>c market<span class=\"_ _0\"></span>s as well </span>as materia<span class=\"_ _0\"></span>lly sc<span class=\"_ _0\"></span>ale the Gr<span class=\"_ _0\"></span>oup\u2019s in<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>use an<span class=\"_ _0\"></span>d orig<span class=\"_ _0\"></span>inatio<span class=\"_ _0\"></span>n plat<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>m capa<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y in priva<span class=\"_ _0\"></span>te markets acr<span class=\"_ _0\"></span>oss Real E<span class=\"_ _0\"></span>state, Pr<span class=\"_ _0\"></span>ivate Cre<span class=\"_ _0\"></span>dit and<span class=\"_ _0\"></span> Infras<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>uct<span class=\"_ _0\"></span>ure, in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>ding th<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>gh an acc<span class=\"_ _0\"></span>ele<span class=\"_ _0\"></span>rated pr<span class=\"_ _0\"></span>ogr<span class=\"_ _0\"></span>amm<span class=\"_ _0\"></span>e of fund laun<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">Insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce, wh<span class=\"_ _0\"></span>ich pr<span class=\"_ _0\"></span>ima<span class=\"_ _0\"></span>ril<span class=\"_ _0\"></span>y repres<span class=\"_ _0\"></span>ents U<span class=\"_ _0\"></span>K protec<span class=\"_ _0\"></span>tion (<span class=\"_ _0\"></span>both gr<span class=\"_ _0\"></span>oup an<span class=\"_ _0\"></span>d retail<span class=\"_ _0\"></span>) and US reta<span class=\"_ _0\"></span>il protec<span class=\"_ _0\"></span>tion bu<span class=\"_ _0\"></span>sine<span class=\"_ _0\"></span>ss (U<span class=\"_ _0\"></span>S Insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce)<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">Retail Ret<span class=\"_ _0\"></span>irem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>, whic<span class=\"_ _0\"></span>h pri<span class=\"_ _0\"></span>mar<span class=\"_ _0\"></span>ily rep<span class=\"_ _0\"></span>rese<span class=\"_ _0\"></span>nts retai<span class=\"_ _0\"></span>l annui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y and drawdow<span class=\"_ _0\"></span>n prod<span class=\"_ _0\"></span>uct<span class=\"_ _0\"></span>s, wor<span class=\"_ _0\"></span>kp<span class=\"_ _0\"></span>lac<span class=\"_ _0\"></span>e saving<span class=\"_ _0\"></span>s and lifetim<span class=\"_ _0\"></span>e mor<span class=\"_ _3\"></span>tgage lo<span class=\"_ _0\"></span>ans<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">Co<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>orate Inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nts<span class=\"_ _0\"></span>, which re<span class=\"_ _0\"></span>pres<span class=\"_ _0\"></span>ents a po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>folio of non<span class=\"_ _3\"></span>-s<span class=\"_ _0\"></span>trateg<span class=\"_ _0\"></span>ic asse<span class=\"_ _0\"></span>ts manag<span class=\"_ _0\"></span>ed se<span class=\"_ _0\"></span>par<span class=\"_ _0\"></span>ately wit<span class=\"_ _0\"></span>h the goal of ma<span class=\"_ _0\"></span>ximis<span class=\"_ _0\"></span>ing sha<span class=\"_ _0\"></span>reh<span class=\"_ _0\"></span>old<span class=\"_ _0\"></span>er valu<span class=\"_ _0\"></span>e </span>ahea<span class=\"_ _0\"></span>d of potential dive<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Grou<span class=\"_ _0\"></span>p expe<span class=\"_ _0\"></span>nse<span class=\"_ _0\"></span>s, de<span class=\"_ _0\"></span>bt cos<span class=\"_ _0\"></span>ts and ass<span class=\"_ _0\"></span>ets hel<span class=\"_ _0\"></span>d cen<span class=\"_ _0\"></span>trall<span class=\"_ _0\"></span>y are repo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ted se<span class=\"_ _0\"></span>par<span class=\"_ _0\"></span>ately. T<span class=\"_ _4\"></span>ran<span class=\"_ _0\"></span>sac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en seg<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts are on no<span class=\"_ _0\"></span>rma<span class=\"_ _0\"></span>l com<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>rcial ter<span class=\"_ _0\"></span>ms and are inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>ed wi<span class=\"_ _0\"></span>thin th<span class=\"_ _0\"></span>e repo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ted se<span class=\"_ _0\"></span>gme<span class=\"_ _0\"></span>nts<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Se<span class=\"_ _0\"></span>gm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>al discl<span class=\"_ _0\"></span>osu<span class=\"_ _0\"></span>res in relati<span class=\"_ _0\"></span>on to the prio<span class=\"_ _0\"></span>r year pre<span class=\"_ _0\"></span>sente<span class=\"_ _0\"></span>d have bee<span class=\"_ _0\"></span>n restated to refl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t the new div<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>nal org<span class=\"_ _0\"></span>anis<span class=\"_ _0\"></span>ation<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>1. <span class=\"_ _15\"> </span> No<span class=\"_ _0\"></span>te 27 M<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t of c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>pi<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>l re<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>es i<span class=\"_ _0\"></span>s un<span class=\"_ _0\"></span>au<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>(iv<span class=\"_ _1\"></span>) <span class=\"_ _e\"> </span>New st<span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ds, i<span class=\"_ _0\"></span>nter<span class=\"_ _0\"></span>pret<span class=\"_ _0\"></span>ations a<span class=\"_ _0\"></span>nd a<span class=\"_ _0\"></span>mendments t<span class=\"_ _0\"></span>o publis<span class=\"_ _0\"></span>hed sta<span class=\"_ _0\"></span>nda<span class=\"_ _0\"></span>rd<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>at have been adopted by t<span class=\"_ _0\"></span>he Group<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Group ha<span class=\"_ _0\"></span>s appli<span class=\"_ _0\"></span>ed the foll<span class=\"_ _0\"></span>owing am<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>dme<span class=\"_ _0\"></span>nts for the f<span class=\"_ _0\"></span>irs<span class=\"_ _0\"></span>t time in the yea<span class=\"_ _0\"></span>r com<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>ng 1 Janu<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y 20<span class=\"_ _0\"></span>24<span class=\"_ _0\"></span>, which did n<span class=\"_ _0\"></span>ot have a material imp<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span> on its co<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>lidate<span class=\"_ _0\"></span>d fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial statem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s. \u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">Am<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>dme<span class=\"_ _0\"></span>nts to IA<span class=\"_ _0\"></span>S 1 \u2013 Presenta<span class=\"_ _0\"></span>tion of Fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial S<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts: \u2018Clas<span class=\"_ _0\"></span>sif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of Liabili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s as Curre<span class=\"_ _0\"></span>nt or No<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>urr<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>\u2019.<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">Am<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>dme<span class=\"_ _0\"></span>nts to IA<span class=\"_ _0\"></span>S 1 \u2013 Presenta<span class=\"_ _0\"></span>tion of Fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial S<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts: \u2018N<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>-<span class=\"_ _3\"></span>cur<span class=\"_ _0\"></span>rent L<span class=\"_ _0\"></span>iabi<span class=\"_ _0\"></span>liti<span class=\"_ _0\"></span>es with C<span class=\"_ _0\"></span>ovena<span class=\"_ _0\"></span>nts\u2019.<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">Am<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>dme<span class=\"_ _0\"></span>nts to IFRS 16 <span class=\"_ _1\"></span>\u2013 Lease<span class=\"_ _0\"></span>s: \u2018L<span class=\"_ _0\"></span>ease L<span class=\"_ _0\"></span>iabili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y in a Sal<span class=\"_ _0\"></span>e and Lease<span class=\"_ _0\"></span>ba<span class=\"_ _0\"></span>ck<span class=\"_ _0\"></span>\u2019.<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">Am<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>dme<span class=\"_ _0\"></span>nts to IA<span class=\"_ _0\"></span>S 7 \u2013 Statem<span class=\"_ _0\"></span>ent of Cas<span class=\"_ _0\"></span>h Flows and IF<span class=\"_ _0\"></span>RS 7 \u2013 Fina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al Inst<span class=\"_ _0\"></span>rum<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s: Disc<span class=\"_ _0\"></span>losu<span class=\"_ _0\"></span>res: \u2018<span class=\"_ _0\"></span>Su<span class=\"_ _0\"></span>ppli<span class=\"_ _0\"></span>er Fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>ce A<span class=\"_ _0\"></span>rra<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts\u2019.<span class=\"_ _3b2\"> </span></span>Th<span class=\"_ _0\"></span>e Group ha<span class=\"_ _0\"></span>s not earl<span class=\"_ _0\"></span>y adop<span class=\"_ _0\"></span>ted any stand<span class=\"_ _0\"></span>ard<span class=\"_ _0\"></span>, interp<span class=\"_ _0\"></span>retat<span class=\"_ _0\"></span>ion or am<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>dme<span class=\"_ _0\"></span>nt that has b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n issue<span class=\"_ _0\"></span>d but is not yet ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>tive<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>(<span class=\"_ _1\"></span>v<span class=\"_ _1\"></span>) <span class=\"_ _bd\"> </span>Stand<span class=\"_ _0\"></span>ard<span class=\"_ _0\"></span>s, i<span class=\"_ _0\"></span>nter<span class=\"_ _0\"></span>pret<span class=\"_ _0\"></span>ations a<span class=\"_ _0\"></span>nd amend<span class=\"_ _0\"></span>ments to publ<span class=\"_ _0\"></span>ished s<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>nda<span class=\"_ _0\"></span>rds wh<span class=\"_ _0\"></span>ich a<span class=\"_ _0\"></span>re not yet effect<span class=\"_ _0\"></span>ive A<span class=\"_ _0\"></span>mend<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ents t<span class=\"_ _0\"></span>o I<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>S <span class=\"ls45 ws100\">21<span class=\"_ _0\"></span></span>, \u2018<span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>he Ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>ts of C<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ges i<span class=\"_ _0\"></span>n Forei<span class=\"_ _0\"></span>gn E<span class=\"_ _0\"></span>xch<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ge R<span class=\"_ _0\"></span>ates<span class=\"_ _0\"></span>\u2019: \u2018Lack of E<span class=\"_ _0\"></span>xch<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>geab<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>\u2019<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>ese am<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts, is<span class=\"_ _0\"></span>sue<span class=\"_ _0\"></span>d in Augu<span class=\"_ _0\"></span>st 20<span class=\"_ _0\"></span>23<span class=\"_ _0\"></span>, spe<span class=\"_ _0\"></span>cif<span class=\"_ _3\"></span>y how an entit<span class=\"_ _0\"></span>y sho<span class=\"_ _0\"></span>uld ass<span class=\"_ _0\"></span>ess wh<span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span>er a cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cy is exchan<span class=\"_ _0\"></span>gea<span class=\"_ _0\"></span>ble an<span class=\"_ _0\"></span>d how it shou<span class=\"_ _0\"></span>ld deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>e a spot excha<span class=\"_ _0\"></span>nge rate whe<span class=\"_ _0\"></span>n exchan<span class=\"_ _0\"></span>gea<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y is lack<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>. The am<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>dme<span class=\"_ _0\"></span>nts are ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>tive for ann<span class=\"_ _0\"></span>ual rep<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>ting pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>ds be<span class=\"_ _0\"></span>ginn<span class=\"_ _0\"></span>ing on o<span class=\"_ _0\"></span>r af<span class=\"_ _0\"></span>ter<span class=\"_ gsec\"> </span>1 Janu<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y 20<span class=\"_ _0\"></span>25<span class=\"_ _0\"></span>. The<span class=\"_ _0\"></span>se ame<span class=\"_ _0\"></span>ndm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s are not expe<span class=\"_ _0\"></span>cted to give rise to a material im<span class=\"_ _0\"></span>pac<span class=\"_ _0\"></span>t on the Gro<span class=\"_ _0\"></span>up\u2019s cons<span class=\"_ _0\"></span>olid<span class=\"_ _0\"></span>ated fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial st<span class=\"_ _0\"></span>ateme<span class=\"_ _0\"></span>nts.<span class=\"_ _3b2\"> </span>A<span class=\"_ _0\"></span>mend<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ents t<span class=\"_ _0\"></span>o I<span class=\"_ _0\"></span>F<span class=\"_ _0\"></span>R<span class=\"_ _0\"></span>S <span class=\"ls1\">9<span class=\"_ _1\"></span><span class=\"ls18\">, \u2018Fi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>l I<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ments<span class=\"_ _0\"></span>\u2019 a<span class=\"_ _0\"></span>nd I<span class=\"_ _0\"></span>F<span class=\"_ _0\"></span>R<span class=\"_ _0\"></span>S <span class=\"ls1\">7<span class=\"_ _4\"></span><span class=\"ls18\">, \u2018<span class=\"_ _0\"></span>Fi<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>l I<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s: D<span class=\"_ _0\"></span>isclo<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s\u2019: \u2018<span class=\"_ _4\"></span>A<span class=\"_ _3\"></span>mend<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s to t<span class=\"_ _0\"></span>he Cl<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>icat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span> </span></span></span></span>and M<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>reme<span class=\"_ _0\"></span>nt of Fi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>l I<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>tr<span class=\"_ _3\"></span>ume<span class=\"_ _0\"></span>nts\u2019<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>ese am<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts, is<span class=\"_ _0\"></span>sue<span class=\"_ _0\"></span>d in May 2024<span class=\"_ _0\"></span>, provi<span class=\"_ _0\"></span>de the foll<span class=\"_ _0\"></span>owing:<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">clar<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ation aro<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>d the date of recog<span class=\"_ _0\"></span>niti<span class=\"_ _0\"></span>on an<span class=\"_ _0\"></span>d dere<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>tion of som<span class=\"_ _0\"></span>e fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial ass<span class=\"_ _0\"></span>ets and lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>, with a new exce<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>n for som<span class=\"_ _0\"></span>e fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial </span>liabi<span class=\"_ _0\"></span>litie<span class=\"_ _0\"></span>s set<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>hrou<span class=\"_ _0\"></span>gh an e<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>ctro<span class=\"_ _0\"></span>nic c<span class=\"_ _0\"></span>ash tr<span class=\"_ _0\"></span>ansfer s<span class=\"_ _0\"></span>ystem<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">clar<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ation a<span class=\"_ _0\"></span>nd gu<span class=\"_ _0\"></span>idan<span class=\"_ _0\"></span>ce fo<span class=\"_ _0\"></span>r asses<span class=\"_ _0\"></span>sin<span class=\"_ _0\"></span>g whet<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r a fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>ial as<span class=\"_ _0\"></span>set m<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>ts the s<span class=\"_ _0\"></span>ole<span class=\"_ _0\"></span>ly pay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts of pr<span class=\"_ _0\"></span>inci<span class=\"_ _0\"></span>pal an<span class=\"_ _0\"></span>d intere<span class=\"_ _0\"></span>st (SP<span class=\"_ _0\"></span>PI) c<span class=\"_ _0\"></span>rite<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>n </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">new dis<span class=\"_ _0\"></span>clo<span class=\"_ _0\"></span>sure re<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>rem<span class=\"_ _0\"></span>ents for c<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>tain in<span class=\"_ _0\"></span>str<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ents wi<span class=\"_ _0\"></span>th c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>ual ter<span class=\"_ _0\"></span>ms that c<span class=\"_ _0\"></span>an c<span class=\"_ _0\"></span>han<span class=\"_ _0\"></span>ge c<span class=\"_ _0\"></span>ash f<span class=\"_ _0\"></span>lows (such as s<span class=\"_ _0\"></span>ome f<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial ins<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nts<span class=\"_ _0\"></span> </span>with featu<span class=\"_ _0\"></span>res linked to the ach<span class=\"_ _0\"></span>ieve<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t of environ<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt, so<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>l and gover<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>ce tar<span class=\"_ _0\"></span>gets)<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">an upd<span class=\"_ _0\"></span>ate t<span class=\"_ _1\"></span>o the disc<span class=\"_ _0\"></span>los<span class=\"_ _0\"></span>ures for eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y ins<span class=\"_ _0\"></span>tru<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts des<span class=\"_ _0\"></span>ignate<span class=\"_ _0\"></span>d at fair value thro<span class=\"_ _0\"></span>ugh oth<span class=\"_ _0\"></span>er co<span class=\"_ _0\"></span>mpre<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>nsive in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me (F<span class=\"_ _3\"></span>VOC<span class=\"_ _0\"></span>I).<span class=\"_ _3b2\"> </span></span>Th<span class=\"_ _0\"></span>e amen<span class=\"_ _0\"></span>dm<span class=\"_ _0\"></span>ents are ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>tive for ann<span class=\"_ _0\"></span>ual rep<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>ting pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>ds be<span class=\"_ _0\"></span>gin<span class=\"_ _0\"></span>ning on o<span class=\"_ _0\"></span>r after 1 Jan<span class=\"_ _0\"></span>uar<span class=\"_ _3\"></span>y 2026<span class=\"_ _0\"></span>, subje<span class=\"_ _0\"></span>ct to UK en<span class=\"_ _0\"></span>dor<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t.<span class=\"_ _0\"></span> Th<span class=\"_ _0\"></span>ese<span class=\"_ gsec\"> </span>am<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>dme<span class=\"_ _0\"></span>nts are not exp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>cted to give rise to a material imp<span class=\"_ _0\"></span>act o<span class=\"_ _0\"></span>n the Grou<span class=\"_ _0\"></span>p\u2019s conso<span class=\"_ _0\"></span>lidate<span class=\"_ _0\"></span>d fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial statem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s.<span class=\"_ _3b2\"> </span>A<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>nua<span class=\"_ _0\"></span>l I<span class=\"_ _0\"></span>mpr<span class=\"_ _0\"></span>ovement<span class=\"_ _0\"></span>s to I<span class=\"_ _0\"></span>F<span class=\"_ _0\"></span>R<span class=\"_ _0\"></span>S A<span class=\"_ _0\"></span>ccou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g Sta<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>rds<span class=\"_ _0\"></span>\u2014<span class=\"_ _1\"></span>V<span class=\"_ _4\"></span>olu<span class=\"_ _0\"></span>me <span class=\"ls30 ws9\">11<span class=\"_ _3b2\"> </span></span>Th<span class=\"_ _0\"></span>e IA<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>B\u2019s issu<span class=\"_ _0\"></span>ed its an<span class=\"_ _0\"></span>nual im<span class=\"_ _0\"></span>prove<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts in July 20<span class=\"_ _0\"></span>24<span class=\"_ _0\"></span>, whic<span class=\"_ _0\"></span>h incl<span class=\"_ _0\"></span>ude a co<span class=\"_ _0\"></span>lle<span class=\"_ _0\"></span>ctio<span class=\"_ _0\"></span>n of minor am<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>dme<span class=\"_ _0\"></span>nts to acc<span class=\"_ _0\"></span>ount<span class=\"_ _0\"></span>ing sta<span class=\"_ _0\"></span>nda<span class=\"_ _0\"></span>rds. T<span class=\"_ _0\"></span>hes<span class=\"_ _0\"></span>e are appl<span class=\"_ _0\"></span>ica<span class=\"_ _0\"></span>ble for ann<span class=\"_ _0\"></span>ual rep<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>ting pe<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ods be<span class=\"_ _0\"></span>gin<span class=\"_ _0\"></span>ning o<span class=\"_ _0\"></span>n or afte<span class=\"_ _0\"></span>r 1 Januar<span class=\"_ _3\"></span>y 2026<span class=\"_ _0\"></span>. I<span class=\"_ _0\"></span>F<span class=\"_ _0\"></span>R<span class=\"_ _0\"></span>S <span class=\"lsd9 ws11a\">18</span><span class=\"ws0\">, \u2018P<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ation a<span class=\"_ _0\"></span>nd D<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>closu<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e i<span class=\"_ _0\"></span>n Fi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>l St<span class=\"_ _0\"></span>atem<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span>\u2019<span class=\"_ _3b2\"> </span></span>IFR<span class=\"_ _0\"></span>S 1<span class=\"_ _1\"></span>8, iss<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span>d in Apr<span class=\"_ _0\"></span>il 20<span class=\"_ _0\"></span>24, will re<span class=\"_ _0\"></span>plac<span class=\"_ _0\"></span>e IA<span class=\"_ _0\"></span>S 1<span class=\"_ _1\"></span>, \u2018P<span class=\"_ _0\"></span>rese<span class=\"_ _0\"></span>ntati<span class=\"_ _0\"></span>on of Fina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al S<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>. IFRS 18 introdu<span class=\"_ _0\"></span>ces ne<span class=\"_ _0\"></span>w requi<span class=\"_ _0\"></span>rem<span class=\"_ _0\"></span>ents for pre<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>tatio<span class=\"_ _0\"></span>n withi<span class=\"_ _0\"></span>n the state<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t of profit or l<span class=\"_ _0\"></span>oss<span class=\"_ _0\"></span>, incl<span class=\"_ _0\"></span>udi<span class=\"_ _0\"></span>ng spe<span class=\"_ _0\"></span>cif<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ed totals and sub<span class=\"_ _0\"></span>totals, whi<span class=\"_ _0\"></span>ch aim at inc<span class=\"_ _0\"></span>reasi<span class=\"_ _0\"></span>ng co<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>rabi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y of the fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>man<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span> of similar e<span class=\"_ _0\"></span>ntiti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, as well as provide mo<span class=\"_ _0\"></span>re rele<span class=\"_ _0\"></span>vant infor<span class=\"_ _0\"></span>matio<span class=\"_ _0\"></span>n and tra<span class=\"_ _0\"></span>nspa<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cy to users<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e stand<span class=\"_ _0\"></span>ard is ef<span class=\"_ _0\"></span>fect<span class=\"_ _0\"></span>ive for repo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>ds be<span class=\"_ _0\"></span>ginn<span class=\"_ _0\"></span>ing on o<span class=\"_ _0\"></span>r after 1 Jan<span class=\"_ _0\"></span>uar<span class=\"_ _0\"></span>y 2<span class=\"_ _0\"></span>027<span class=\"_ _1\"></span>, with earli<span class=\"_ _0\"></span>er app<span class=\"_ _0\"></span>lic<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n per<span class=\"_ _0\"></span>mit<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d, sub<span class=\"_ _0\"></span>jec<span class=\"_ _0\"></span>t to UK end<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>sem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p is curre<span class=\"_ _0\"></span>ntly as<span class=\"_ _0\"></span>sess<span class=\"_ _0\"></span>ing the im<span class=\"_ _0\"></span>pac<span class=\"_ _0\"></span>ts of the ame<span class=\"_ _0\"></span>ndm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s on the co<span class=\"_ _0\"></span>nsol<span class=\"_ _0\"></span>idated an<span class=\"_ _0\"></span>d Com<span class=\"_ _0\"></span>pany f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l statem<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>I<span class=\"_ _0\"></span>F<span class=\"_ _0\"></span>R<span class=\"_ _0\"></span>S <span class=\"lsb7 ws124\">19<span class=\"_ _1\"></span><span class=\"ls18 ws0\">, \u2018Sub<span class=\"_ _0\"></span>sid<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>hout P<span class=\"_ _0\"></span>ubl<span class=\"_ _0\"></span>ic Ac<span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>abi<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>: Di<span class=\"_ _0\"></span>sclo<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s\u2019<span class=\"_ _3b2\"> </span></span></span>IFR<span class=\"_ _0\"></span>S 1<span class=\"_ _1\"></span>9, issued in May 20<span class=\"_ _0\"></span>24<span class=\"_ _0\"></span>, allows for cer<span class=\"_ _3\"></span>tain elig<span class=\"_ _0\"></span>ibl<span class=\"_ _0\"></span>e subsid<span class=\"_ _0\"></span>iar<span class=\"_ _0\"></span>ies of paren<span class=\"_ _0\"></span>t entit<span class=\"_ _0\"></span>ies that re<span class=\"_ _0\"></span>por<span class=\"_ _3\"></span>t unde<span class=\"_ _0\"></span>r IFR<span class=\"_ _0\"></span>S Acc<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nting S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>ards to apply<span class=\"_ _0\"></span> redu<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>d discl<span class=\"_ _0\"></span>osu<span class=\"_ _0\"></span>re requi<span class=\"_ _0\"></span>rem<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span>. IF<span class=\"_ _0\"></span>RS 1<span class=\"_ _1\"></span>9 is effec<span class=\"_ _0\"></span>tive for rep<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ing pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>ds be<span class=\"_ _0\"></span>gin<span class=\"_ _0\"></span>ning o<span class=\"_ _0\"></span>n or afte<span class=\"_ _0\"></span>r 1 Januar<span class=\"_ _3\"></span>y 2027<span class=\"_ _1\"></span>, with earl<span class=\"_ _0\"></span>y appli<span class=\"_ _0\"></span>cati<span class=\"_ _0\"></span>on pe<span class=\"_ _0\"></span>rmi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ted<span class=\"_ _0\"></span>, subje<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t to <span class=\"_ _1\"></span>UK e<span class=\"_ _0\"></span>ndo<span class=\"_ _0\"></span>rse<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt. T<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up is not elig<span class=\"_ _0\"></span>ible to appl<span class=\"_ _0\"></span>y IFR<span class=\"_ _0\"></span>S 1<span class=\"_ _1\"></span>9.<span class=\"_ _3b2\"> </span>(<span class=\"_ _1\"></span>v<span class=\"_ _0\"></span>i) <span class=\"_ _2d\"> </span>Crit<span class=\"_ _0\"></span>ica<span class=\"_ _0\"></span>l accou<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g judgements a<span class=\"_ _0\"></span>nd the us<span class=\"_ _0\"></span>e of est<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ates<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e prep<span class=\"_ _0\"></span>arati<span class=\"_ _0\"></span>on of th<span class=\"_ _0\"></span>e fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial s<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nts in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>s the us<span class=\"_ _0\"></span>e of esti<span class=\"_ _0\"></span>mates and a<span class=\"_ _0\"></span>ssu<span class=\"_ _0\"></span>mptio<span class=\"_ _0\"></span>ns whi<span class=\"_ _0\"></span>ch af<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t item<span class=\"_ _0\"></span>s repo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d in the C<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>soli<span class=\"_ _0\"></span>dated Bala<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e She<span class=\"_ _0\"></span>et an<span class=\"_ _0\"></span>d Con<span class=\"_ _0\"></span>soli<span class=\"_ _0\"></span>dated In<span class=\"_ _0\"></span>com<span class=\"_ _0\"></span>e S<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent an<span class=\"_ _0\"></span>d the disc<span class=\"_ _0\"></span>losu<span class=\"_ _0\"></span>re of conti<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>nt asse<span class=\"_ _0\"></span>ts and liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es at the date of the fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial statem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts. Al<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>ugh th<span class=\"_ _0\"></span>ese es<span class=\"_ _0\"></span>timates are bas<span class=\"_ _0\"></span>ed on man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>\u2019s best kn<span class=\"_ _0\"></span>owle<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>e of curren<span class=\"_ _0\"></span>t circu<span class=\"_ _0\"></span>mst<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>es and fu<span class=\"_ _0\"></span>ture eve<span class=\"_ _0\"></span>nts and ac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns, mate<span class=\"_ _0\"></span>rial<span class=\"_ _0\"></span> adjus<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nts co<span class=\"_ _0\"></span>uld be ma<span class=\"_ _0\"></span>de to the car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>yi<span class=\"_ _0\"></span>ng amo<span class=\"_ _0\"></span>unts of asse<span class=\"_ _0\"></span>ts and liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es wit<span class=\"_ _0\"></span>hin the nex<span class=\"_ _3\"></span>t fina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al year. <span class=\"_ _1\"></span>Th<span class=\"_ _0\"></span>e Audi<span class=\"_ _0\"></span>t Com<span class=\"_ _0\"></span>mit<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>e reviews th<span class=\"_ _0\"></span>e reaso<span class=\"_ _0\"></span>nab<span class=\"_ _0\"></span>len<span class=\"_ _0\"></span>ess of judg<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s assoc<span class=\"_ _0\"></span>iated wit<span class=\"_ _0\"></span>h and the ap<span class=\"_ _0\"></span>plic<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of material ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>untin<span class=\"_ _0\"></span>g poli<span class=\"_ _0\"></span>cie<span class=\"_ _0\"></span>s. Th<span class=\"_ _0\"></span>e signi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>can<span class=\"_ _0\"></span>t acc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ting mat<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>s con<span class=\"_ _0\"></span>side<span class=\"_ _0\"></span>red by the Au<span class=\"_ _0\"></span>dit C<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>mit<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>e in respe<span class=\"_ _0\"></span>ct of the yea<span class=\"_ _0\"></span>r ende<span class=\"_ _0\"></span>d 31 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>24 are inclu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d within th<span class=\"_ _0\"></span>e Audi<span class=\"_ _0\"></span>t Co<span class=\"_ _0\"></span>mmi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tee Rep<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>t on page 7<span class=\"_ _1\"></span>4. Th<span class=\"_ _0\"></span>e major are<span class=\"_ _0\"></span>as of criti<span class=\"_ _0\"></span>cal ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>unti<span class=\"_ _0\"></span>ng jud<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ent o<span class=\"_ _0\"></span>n poli<span class=\"_ _0\"></span>cy app<span class=\"_ _0\"></span>lica<span class=\"_ _0\"></span>tion are c<span class=\"_ _0\"></span>onsi<span class=\"_ _0\"></span>dere<span class=\"_ _0\"></span>d be<span class=\"_ _0\"></span>low:<span class=\"_ _3b2\"> </span>In<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nce a<span class=\"_ _0\"></span>nd i<span class=\"_ _0\"></span>nves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ct l<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>abi<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ies (<span class=\"_ _0\"></span>Notes <span class=\"ls45 ws100\">21</span> a<span class=\"_ _0\"></span>nd <span class=\"ls1b ws1f\">22</span>): Pro<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>t cla<span class=\"_ _0\"></span>ssi<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ation a<span class=\"_ _0\"></span>nd t<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>ment of t<span class=\"_ _0\"></span>he si<span class=\"_ _0\"></span>gn<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce of<span class=\"_ gs14c\"> </span>in<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nce r<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>sk t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>sfer<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d to t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup i<span class=\"_ _0\"></span>n det<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g whet<span class=\"_ _0\"></span>her a c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t shou<span class=\"_ _0\"></span>ld b<span class=\"_ _0\"></span>e ac<span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>nte<span class=\"_ _0\"></span>d for as a<span class=\"_ _0\"></span>n i<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span> or<span class=\"_ gs14c\"> </span>inve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ment<span class=\"_ gs14c\"> </span>c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _3b2\"> </span>Co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts whi<span class=\"_ _0\"></span>ch tra<span class=\"_ _0\"></span>nsfer sign<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ica<span class=\"_ _0\"></span>nt insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce ris<span class=\"_ _0\"></span>k to <span class=\"_ _1\"></span>the Gr<span class=\"_ _0\"></span>oup are cla<span class=\"_ _0\"></span>ssif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d as insur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>. Con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts that tra<span class=\"_ _0\"></span>nsfer f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial ri<span class=\"_ _0\"></span>sk (e.g.<span class=\"_ gsec\"> </span>chan<span class=\"_ _0\"></span>ge in intere<span class=\"_ _0\"></span>st rate or sec<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y pri<span class=\"_ _0\"></span>ce) to <span class=\"_ _1\"></span>the Gro<span class=\"_ _0\"></span>up bu<span class=\"_ _0\"></span>t not signi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>nt insur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e risk are cl<span class=\"_ _0\"></span>assif<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ed as invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>ts.<span class=\"_ _0\"></span> Jud<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t is require<span class=\"_ _0\"></span>d in ord<span class=\"_ _0\"></span>er to assess th<span class=\"_ _0\"></span>e signif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce of the tran<span class=\"_ _0\"></span>sfer of insur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e risk wit<span class=\"_ _0\"></span>hin a con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>t. T<span class=\"_ _0\"></span>his asse<span class=\"_ _0\"></span>ssm<span class=\"_ _0\"></span>ent is bas<span class=\"_ _0\"></span>ed on wh<span class=\"_ _0\"></span>ethe<span class=\"_ _0\"></span>r the oc<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e of an insured eve<span class=\"_ _0\"></span>nt cou<span class=\"_ _0\"></span>ld caus<span class=\"_ _0\"></span>e the Gro<span class=\"_ _0\"></span>up to make signif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant addi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal pay<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts, i.e<span class=\"_ _0\"></span>. if the oc<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>ce of the even<span class=\"_ _0\"></span>t cause<span class=\"_ _0\"></span>s signi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>can<span class=\"_ _0\"></span>tly hig<span class=\"_ _0\"></span>her c<span class=\"_ _0\"></span>ash ou<span class=\"_ _0\"></span>t flows for the G<span class=\"_ _0\"></span>roup th<span class=\"_ _0\"></span>an its no<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>cc<span class=\"_ _0\"></span>urre<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e.<span class=\"_ _3b2\"> </span>Ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tai<span class=\"_ _0\"></span>n con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>, which are b<span class=\"_ _0\"></span>oth insur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e and inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>, can co<span class=\"_ _0\"></span>ntai<span class=\"_ _0\"></span>n discre<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y featu<span class=\"_ _0\"></span>res repr<span class=\"_ _0\"></span>ese<span class=\"_ _0\"></span>nting th<span class=\"_ _0\"></span>e con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>tual ri<span class=\"_ _0\"></span>ght to rece<span class=\"_ _0\"></span>ive addi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal be<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>its as a sup<span class=\"_ _0\"></span>ple<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt to guarante<span class=\"_ _0\"></span>ed be<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ts unde<span class=\"_ _0\"></span>r cer<span class=\"_ _3\"></span>tain co<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>, bein<span class=\"_ _0\"></span>g:<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">that th<span class=\"_ _0\"></span>e addi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal b<span class=\"_ _0\"></span>enef<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ts are a sig<span class=\"_ _0\"></span>nif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant p<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>tion of th<span class=\"_ _0\"></span>e total co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>ctua<span class=\"_ _0\"></span>l be<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>its<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">the ti<span class=\"_ _0\"></span>ming a<span class=\"_ _0\"></span>nd am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t of the ad<span class=\"_ _0\"></span>diti<span class=\"_ _0\"></span>onal b<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>its is at t<span class=\"_ _0\"></span>he dis<span class=\"_ _0\"></span>creti<span class=\"_ _0\"></span>on of th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">that the ad<span class=\"_ _0\"></span>diti<span class=\"_ _0\"></span>onal b<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>ts are co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>ctua<span class=\"_ _0\"></span>lly de<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>nt upo<span class=\"_ _0\"></span>n the pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>man<span class=\"_ _0\"></span>ce of an enti<span class=\"_ _0\"></span>ty, fund or sp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>cif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d poo<span class=\"_ _0\"></span>l of assets<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></span>Insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts an<span class=\"_ _0\"></span>d investm<span class=\"_ _0\"></span>ent c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>s with suc<span class=\"_ _0\"></span>h disc<span class=\"_ _0\"></span>retio<span class=\"_ _0\"></span>nar<span class=\"_ _3\"></span>y par<span class=\"_ _0\"></span>tic<span class=\"_ _0\"></span>ipati<span class=\"_ _0\"></span>on feature<span class=\"_ _0\"></span>s are acc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ted for unde<span class=\"_ _0\"></span>r IFR<span class=\"_ _0\"></span>S 1<span class=\"_ _1\"></span>7<span class=\"_ _4\"></span>, whil<span class=\"_ _0\"></span>e investm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span> con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts wit<span class=\"_ _0\"></span>hou<span class=\"_ _0\"></span>t disc<span class=\"_ _0\"></span>retio<span class=\"_ _0\"></span>nar<span class=\"_ _3\"></span>y par<span class=\"_ _0\"></span>tic<span class=\"_ _0\"></span>ipati<span class=\"_ _0\"></span>on feature<span class=\"_ _0\"></span>s are acc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ted for as fina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al inst<span class=\"_ _0\"></span>rum<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s unde<span class=\"_ _0\"></span>r IFR<span class=\"_ _0\"></span>S 9. Jud<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t is the<span class=\"_ _0\"></span>refore re<span class=\"_ _0\"></span>quire<span class=\"_ _0\"></span>d in o<span class=\"_ _0\"></span>rde<span class=\"_ _0\"></span>r to estab<span class=\"_ _0\"></span>lish wh<span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span>er any a<span class=\"_ _0\"></span>ddi<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>al be<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>s in an ins<span class=\"_ _0\"></span>ura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e or inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>et the a<span class=\"_ _0\"></span>bove requ<span class=\"_ _0\"></span>irem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s for bein<span class=\"_ _0\"></span>g cons<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>red disc<span class=\"_ _0\"></span>reti<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y par<span class=\"_ _3\"></span>ticip<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n features<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Con<span class=\"_ _0\"></span>sol<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>ation (<span class=\"_ _0\"></span>Note<span class=\"_ _0\"></span>s <span class=\"ls10 ws12\">40</span><span class=\"ls1\">-<span class=\"ls118 ws126\">42</span></span>): A<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>sment of whe<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>her t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup cont<span class=\"_ _0\"></span>rols u<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>erly<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g ent<span class=\"_ _0\"></span>itie<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>nd shou<span class=\"_ _0\"></span>ld t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>refore c<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>oli<span class=\"_ _0\"></span>dat<span class=\"_ _0\"></span>e the<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e assess<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt takes acc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t of various cr<span class=\"_ _0\"></span>iter<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>, inclu<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>g decis<span class=\"_ _0\"></span>ion ma<span class=\"_ _0\"></span>kin<span class=\"_ _0\"></span>g abilit<span class=\"_ _0\"></span>y, equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y holdi<span class=\"_ _0\"></span>ng and the rig<span class=\"_ _0\"></span>hts to a <span class=\"_ _1\"></span>vari<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e return fro<span class=\"_ _0\"></span>m the enti<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y.<span class=\"_ _3b2\"> </span>Co<span class=\"_ _0\"></span>ntrol ar<span class=\"_ _0\"></span>ises wh<span class=\"_ _0\"></span>en the G<span class=\"_ _0\"></span>roup is exp<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>d, o<span class=\"_ _0\"></span>r has right<span class=\"_ _0\"></span>s, to variab<span class=\"_ _0\"></span>le retu<span class=\"_ _0\"></span>rns fro<span class=\"_ _0\"></span>m its invol<span class=\"_ _0\"></span>veme<span class=\"_ _0\"></span>nt wit<span class=\"_ _0\"></span>h the enti<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y and has the ab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y to affec<span class=\"_ _0\"></span>t thos<span class=\"_ _0\"></span>e retur<span class=\"_ _0\"></span>ns thro<span class=\"_ _0\"></span>ugh i<span class=\"_ _0\"></span>ts power over the e<span class=\"_ _0\"></span>ntit<span class=\"_ _0\"></span>y. For op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ating e<span class=\"_ _0\"></span>ntiti<span class=\"_ _0\"></span>es this ge<span class=\"_ _0\"></span>ner<span class=\"_ _0\"></span>ally ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>anie<span class=\"_ _0\"></span>s a shareh<span class=\"_ _0\"></span>old<span class=\"_ _0\"></span>ing of 50<span class=\"_ _0\"></span>% or mo<span class=\"_ _0\"></span>re in the enti<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y. <span class=\"_ _1\"></span>Su<span class=\"_ _0\"></span>bsidi<span class=\"_ _0\"></span>ari<span class=\"_ _0\"></span>es that are co<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>lidated wh<span class=\"_ _0\"></span>ere the G<span class=\"_ _0\"></span>roup<span class=\"_ _0\"></span> owns les<span class=\"_ _0\"></span>s than 5<span class=\"_ _0\"></span>0% of the ord<span class=\"_ _0\"></span>inar<span class=\"_ _3\"></span>y share cap<span class=\"_ _0\"></span>ital (stru<span class=\"_ _0\"></span>ctu<span class=\"_ _0\"></span>red en<span class=\"_ _0\"></span>titi<span class=\"_ _0\"></span>es), are conso<span class=\"_ _0\"></span>lidate<span class=\"_ _0\"></span>d based o<span class=\"_ _0\"></span>n an assess<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt of contr<span class=\"_ _0\"></span>ol nor<span class=\"_ _0\"></span>mal<span class=\"_ _0\"></span>ly aris<span class=\"_ _0\"></span>ing fro<span class=\"_ _0\"></span>m spe<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>l right<span class=\"_ _0\"></span>s att<span class=\"_ _0\"></span>achi<span class=\"_ _0\"></span>ng to the class of share own<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>, othe<span class=\"_ _0\"></span>r cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>tual ar<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts and factor<span class=\"_ _0\"></span>s suc<span class=\"_ _0\"></span>h as the pur<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>e of the investee<span class=\"_ _0\"></span>, the natur<span class=\"_ _0\"></span>e of its releva<span class=\"_ _0\"></span>nt acti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>, voting rig<span class=\"_ _0\"></span>hts (in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>ding p<span class=\"_ _0\"></span>otential votin<span class=\"_ _0\"></span>g right<span class=\"_ _0\"></span>s) <span class=\"_ _1\"></span>and sub<span class=\"_ _0\"></span>sta<span class=\"_ _0\"></span>ntive and pr<span class=\"_ _0\"></span>otecti<span class=\"_ _0\"></span>ve right<span class=\"_ _0\"></span>s. Th<span class=\"_ _0\"></span>e Group invests in vari<span class=\"_ _0\"></span>ous fun<span class=\"_ _0\"></span>d and unit trus<span class=\"_ _0\"></span>t entiti<span class=\"_ _0\"></span>es where it also acts as the asset mana<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>r t<span class=\"_ _1\"></span>o those enti<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s. In these inst<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, in determi<span class=\"_ _0\"></span>ning<span class=\"_ _0\"></span> whet<span class=\"_ _0\"></span>her th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p cont<span class=\"_ _0\"></span>rols th<span class=\"_ _0\"></span>e entit<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>, the asse<span class=\"_ _0\"></span>ssm<span class=\"_ _0\"></span>ent foc<span class=\"_ _0\"></span>use<span class=\"_ _0\"></span>s on the agg<span class=\"_ _0\"></span>rega<span class=\"_ _0\"></span>te econ<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>ic interes<span class=\"_ _0\"></span>ts of the Grou<span class=\"_ _0\"></span>p (<span class=\"_ _1\"></span>dire<span class=\"_ _0\"></span>ct intere<span class=\"_ _0\"></span>st and ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cted<span class=\"_ _0\"></span> mana<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t fees) and on wheth<span class=\"_ _0\"></span>er the Gr<span class=\"_ _0\"></span>oup ac<span class=\"_ _0\"></span>ts as a princ<span class=\"_ _0\"></span>ipal o<span class=\"_ _0\"></span>r agent<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>is incl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>s an asses<span class=\"_ _0\"></span>sme<span class=\"_ _0\"></span>nt of the remov<span class=\"_ _0\"></span>al right<span class=\"_ _0\"></span>s of other investor<span class=\"_ _0\"></span>s (their pr<span class=\"_ _0\"></span>acti<span class=\"_ _0\"></span>cal abili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y to <span class=\"_ _1\"></span>allow the Grou<span class=\"_ _0\"></span>p not t<span class=\"_ _1\"></span>o contro<span class=\"_ _0\"></span>l the fund<span class=\"_ _0\"></span>). Additi<span class=\"_ _0\"></span>onal<span class=\"_ _0\"></span>ly, <span class=\"_ _1\"></span>hol<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>gs in such investm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s can fluc<span class=\"_ _0\"></span>tuate on a daily basis acco<span class=\"_ _0\"></span>rdin<span class=\"_ _0\"></span>g to<span class=\"_ gsec\"> </span>the par<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>icip<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of the Group an<span class=\"_ _0\"></span>d other inves<span class=\"_ _0\"></span>tors in th<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>. As a resul<span class=\"_ _0\"></span>t, in dete<span class=\"_ _0\"></span>rmi<span class=\"_ _0\"></span>ning c<span class=\"_ _0\"></span>ontro<span class=\"_ _0\"></span>l, we lo<span class=\"_ _0\"></span>ok at an asses<span class=\"_ _0\"></span>sme<span class=\"_ _0\"></span>nt of these fac<span class=\"_ _0\"></span>tors over<span class=\"_ _0\"></span> a<span class=\"_ gsec\"> </span>lon<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>r per<span class=\"_ _0\"></span>iod to mitig<span class=\"_ _0\"></span>ate the impa<span class=\"_ _0\"></span>ct of daily f<span class=\"_ _0\"></span>luc<span class=\"_ _0\"></span>tuati<span class=\"_ _0\"></span>ons whi<span class=\"_ _0\"></span>ch do not ref<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>ct th<span class=\"_ _0\"></span>e wider fac<span class=\"_ _0\"></span>ts and cir<span class=\"_ _0\"></span>cum<span class=\"_ _0\"></span>stan<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>s of the Group\u2019s involve<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt.<span class=\"_ _0\"></span> This<span class=\"_ gsec\"> </span>i<span class=\"_ _0\"></span>s per<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rme<span class=\"_ _0\"></span>d in line wi<span class=\"_ _0\"></span>th the followi<span class=\"_ _0\"></span>ng pr<span class=\"_ _0\"></span>inc<span class=\"_ _0\"></span>iple<span class=\"_ _0\"></span>s:<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">whe<span class=\"_ _0\"></span>re the enti<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y is manag<span class=\"_ _0\"></span>ed by a Group as<span class=\"_ _0\"></span>set man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>, and the Gro<span class=\"_ _0\"></span>up\u2019s owner<span class=\"_ _0\"></span>shi<span class=\"_ _0\"></span>p holdi<span class=\"_ _0\"></span>ng in the en<span class=\"_ _0\"></span>tit<span class=\"_ _0\"></span>y exce<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>s 50<span class=\"_ _0\"></span>%<span class=\"_ _0\"></span>, the Gro<span class=\"_ _0\"></span>up is judg<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span> </span>to<span class=\"_ gsec\"> </span>have contro<span class=\"_ _0\"></span>l over the enti<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">whe<span class=\"_ _0\"></span>re the enti<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y is manag<span class=\"_ _0\"></span>ed by a Group as<span class=\"_ _0\"></span>set man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>, and the Gro<span class=\"_ _0\"></span>up\u2019s owner<span class=\"_ _0\"></span>shi<span class=\"_ _0\"></span>p holdi<span class=\"_ _0\"></span>ng in the en<span class=\"_ _0\"></span>tit<span class=\"_ _0\"></span>y is bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en 3<span class=\"_ _0\"></span>0% and 5<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>%<span class=\"_ _0\"></span>, the fac<span class=\"_ _0\"></span>ts </span>and<span class=\"_ gsec\"> </span>ci<span class=\"_ _0\"></span>rcu<span class=\"_ _0\"></span>msta<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>es of the Grou<span class=\"_ _0\"></span>p\u2019s involvem<span class=\"_ _0\"></span>ent in the e<span class=\"_ _0\"></span>ntit<span class=\"_ _0\"></span>y are co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>d, in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>g the righ<span class=\"_ _0\"></span>ts to any f<span class=\"_ _1\"></span>ees ea<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>ed by the asse<span class=\"_ _0\"></span>t mana<span class=\"_ _0\"></span>ger<span class=\"_ _0\"></span> from<span class=\"_ gsec\"> </span>t<span class=\"_ _0\"></span>he enti<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, in <span class=\"_ _1\"></span>form<span class=\"_ _0\"></span>ing a jud<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ent as to wheth<span class=\"_ _0\"></span>er th<span class=\"_ _0\"></span>e Group ha<span class=\"_ _0\"></span>s cont<span class=\"_ _0\"></span>rol over the en<span class=\"_ _0\"></span>tit<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">whe<span class=\"_ _0\"></span>re the enti<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y is manag<span class=\"_ _0\"></span>ed by a Group as<span class=\"_ _0\"></span>set man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>, and the Gro<span class=\"_ _0\"></span>up\u2019s owner<span class=\"_ _0\"></span>shi<span class=\"_ _0\"></span>p holdi<span class=\"_ _0\"></span>ng in the en<span class=\"_ _0\"></span>tit<span class=\"_ _0\"></span>y is les<span class=\"_ _0\"></span>s than 30<span class=\"_ _0\"></span>%<span class=\"_ _0\"></span>, the Gr<span class=\"_ _0\"></span>oup is jud<span class=\"_ _0\"></span>ged<span class=\"_ _0\"></span> </span>to<span class=\"_ gsec\"> </span>not have contro<span class=\"_ _0\"></span>l over the ent<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y, but again th<span class=\"_ _0\"></span>e facts and ci<span class=\"_ _0\"></span>rcu<span class=\"_ _0\"></span>msta<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>es of the Grou<span class=\"_ _0\"></span>p\u2019s involvem<span class=\"_ _0\"></span>ent in the e<span class=\"_ _0\"></span>ntit<span class=\"_ _0\"></span>y are co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>d.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e followin<span class=\"_ _0\"></span>g sets ou<span class=\"_ _0\"></span>t informa<span class=\"_ _0\"></span>tion ab<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>t the cr<span class=\"_ _0\"></span>itic<span class=\"_ _0\"></span>al ac<span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>ntin<span class=\"_ _0\"></span>g assum<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>ns mad<span class=\"_ _0\"></span>e by the Group ab<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>t the fu<span class=\"_ _0\"></span>ture<span class=\"_ _0\"></span>, and othe<span class=\"_ _0\"></span>r major so<span class=\"_ _0\"></span>urc<span class=\"_ _0\"></span>es of<span class=\"_ gsec\"> </span>estim<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n unc<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>aint<span class=\"_ _0\"></span>y at the en<span class=\"_ _0\"></span>d of the repo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng per<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d, that have a signi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>can<span class=\"_ _0\"></span>t risk of resul<span class=\"_ _0\"></span>ting in a mater<span class=\"_ _0\"></span>ial adjus<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt to the car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>yi<span class=\"_ _0\"></span>ng amo<span class=\"_ _0\"></span>unts of asse<span class=\"_ _0\"></span>ts and liabi<span class=\"_ _0\"></span>liti<span class=\"_ _0\"></span>es with<span class=\"_ _0\"></span>in the nex<span class=\"_ _0\"></span>t f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al year<span class=\"_ _0\"></span>:<span class=\"_ _3b2\"> </span>V<span class=\"_ _1\"></span>aluat<span class=\"_ _0\"></span>ion of i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce cont<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>act l<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>abi<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ies (<span class=\"_ _0\"></span>Notes <span class=\"lsb7 ws124\">19<span class=\"_ _3\"></span></span><span class=\"ls1\">-<span class=\"_ _1\"></span><span class=\"ls45 ws100\">21<span class=\"_ _1\"></span><span class=\"ls1 ws0\">)<span class=\"_ _3b2\"> </span></span></span></span>Th<span class=\"_ _0\"></span>e key judge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts aroun<span class=\"_ _0\"></span>d the valu<span class=\"_ _0\"></span>ation of insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>act lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ties rel<span class=\"_ _0\"></span>ate to <span class=\"_ _1\"></span>the followi<span class=\"_ _0\"></span>ng assu<span class=\"_ _0\"></span>mpti<span class=\"_ _0\"></span>ons:<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">de<span class=\"_ _0\"></span>termi<span class=\"_ _0\"></span>natio<span class=\"_ _0\"></span>n of <span class=\"_ _1\"></span>the lon<span class=\"_ _0\"></span>gev<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y, mor<span class=\"_ _0\"></span>tali<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y and mor<span class=\"_ _0\"></span>bidi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y assump<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s used in the calcu<span class=\"_ _0\"></span>latio<span class=\"_ _0\"></span>n of <span class=\"_ _1\"></span>the insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>t liabili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s; the assump<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s </span>for the rate of future lo<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>evi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, <span class=\"_ _1\"></span>mor<span class=\"_ _3\"></span>talit<span class=\"_ _0\"></span>y an<span class=\"_ _0\"></span>d mor<span class=\"_ _0\"></span>bidi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y are base<span class=\"_ _0\"></span>d on the Gro<span class=\"_ _0\"></span>up\u2019s intern<span class=\"_ _0\"></span>al expe<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e and jud<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts abo<span class=\"_ _0\"></span>ut how exp<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ien<span class=\"_ _0\"></span>ce may<span class=\"_ _0\"></span> var<span class=\"_ _0\"></span>y in the f<span class=\"_ _0\"></span>utu<span class=\"_ _0\"></span>re. This as<span class=\"_ _0\"></span>sess<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt takes into acc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t market b<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>hm<span class=\"_ _0\"></span>ark<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>, inter<span class=\"_ _0\"></span>nal exp<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ien<span class=\"_ _0\"></span>ce st<span class=\"_ _0\"></span>udie<span class=\"_ _0\"></span>s and ind<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>ent in<span class=\"_ _0\"></span>dus<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>y dat<span class=\"_ _0\"></span>a. Th<span class=\"_ _0\"></span>e lon<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>-ter<span class=\"_ _0\"></span>m ass<span class=\"_ _0\"></span>ump<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s are adju<span class=\"_ _0\"></span>sted to ref<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>ct th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p\u2019s view on t<span class=\"_ _0\"></span>he ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>ts of the C<span class=\"_ _0\"></span>ovi<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>-1<span class=\"_ _4\"></span>9 p<span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>emi<span class=\"_ _0\"></span>c on cl<span class=\"_ _0\"></span>aims ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e in th<span class=\"_ _0\"></span>e me<span class=\"_ _0\"></span>dium to lon<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>-ter<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>, inform<span class=\"_ _0\"></span>ed by eme<span class=\"_ _0\"></span>rgin<span class=\"_ _0\"></span>g exp<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ce and in<span class=\"_ _0\"></span>dus<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>y stu<span class=\"_ _0\"></span>dies<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of the direc<span class=\"_ _0\"></span>tly at<span class=\"_ _0\"></span>tri<span class=\"_ _0\"></span>bu<span class=\"_ _0\"></span>tabl<span class=\"_ _0\"></span>e expe<span class=\"_ _0\"></span>nse as<span class=\"_ _0\"></span>sump<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s used in th<span class=\"_ _0\"></span>e calc<span class=\"_ _0\"></span>ulati<span class=\"_ _0\"></span>on of the insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es. T<span class=\"_ _0\"></span>hes<span class=\"_ _0\"></span>e repre<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>t the expe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted </span>fut<span class=\"_ _0\"></span>ure cos<span class=\"_ _0\"></span>ts that rela<span class=\"_ _0\"></span>te directl<span class=\"_ _0\"></span>y to the fulf<span class=\"_ _0\"></span>ilm<span class=\"_ _0\"></span>ent of the und<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>lyi<span class=\"_ _0\"></span>ng insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce po<span class=\"_ _0\"></span>lic<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>, and are base<span class=\"_ _0\"></span>d on man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>\u2019s best esti<span class=\"_ _0\"></span>mate of these fut<span class=\"_ _0\"></span>ure cos<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>, and on an app<span class=\"_ _0\"></span>ropr<span class=\"_ _0\"></span>iate allo<span class=\"_ _0\"></span>cati<span class=\"_ _0\"></span>on be<span class=\"_ _0\"></span>twe<span class=\"_ _0\"></span>en se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>cin<span class=\"_ _0\"></span>g new and exis<span class=\"_ _0\"></span>ting bu<span class=\"_ _0\"></span>sine<span class=\"_ _0\"></span>ss<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of valuation in<span class=\"_ _0\"></span>terest rates us<span class=\"_ _0\"></span>ed to disco<span class=\"_ _0\"></span>unt the lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>, whic<span class=\"_ _0\"></span>h are sens<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>ve to <span class=\"_ _1\"></span>the ass<span class=\"_ _0\"></span>umpt<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s made<span class=\"_ _0\"></span>, for exampl<span class=\"_ _0\"></span>e, on cre<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span> </span>defaul<span class=\"_ _0\"></span>t of the back<span class=\"_ _0\"></span>ing as<span class=\"_ _0\"></span>sets<span class=\"_ _0\"></span>. The<span class=\"_ _0\"></span>se assu<span class=\"_ _0\"></span>mpti<span class=\"_ _0\"></span>ons take into acc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t cons<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>ratio<span class=\"_ _0\"></span>n of market exp<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ien<span class=\"_ _0\"></span>ce and his<span class=\"_ _0\"></span>tori<span class=\"_ _0\"></span>c intern<span class=\"_ _0\"></span>al data. T<span class=\"_ _0\"></span>he valu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n interes<span class=\"_ _0\"></span>t rate is also s<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>itive to th<span class=\"_ _0\"></span>e sel<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tion of t<span class=\"_ _0\"></span>he refere<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>folio of as<span class=\"_ _0\"></span>sets c<span class=\"_ _0\"></span>hos<span class=\"_ _0\"></span>en to bac<span class=\"_ _0\"></span>k the li<span class=\"_ _0\"></span>abili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of the co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n requ<span class=\"_ _0\"></span>ire<span class=\"_ _0\"></span>d for be<span class=\"_ _0\"></span>arin<span class=\"_ _0\"></span>g the u<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>taint<span class=\"_ _0\"></span>y ab<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>t the a<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt and t<span class=\"_ _0\"></span>imin<span class=\"_ _0\"></span>g of the c<span class=\"_ _0\"></span>ash f<span class=\"_ _0\"></span>lows ar<span class=\"_ _0\"></span>isin<span class=\"_ _0\"></span>g from n<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>-<span class=\"_ _3b2\"> </span></span>fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>ial ris<span class=\"_ _0\"></span>ks as insur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts are fulf<span class=\"_ _0\"></span>ill<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>, in the cal<span class=\"_ _0\"></span>cul<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of the risk adjus<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of the weightin<span class=\"_ _0\"></span>g of the covera<span class=\"_ _0\"></span>ge uni<span class=\"_ _0\"></span>ts, us<span class=\"_ _0\"></span>ed to calc<span class=\"_ _0\"></span>ulate the C<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>M amor<span class=\"_ _3\"></span>tisati<span class=\"_ _0\"></span>on in the year, bet<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n the paym<span class=\"_ _0\"></span>ent ph<span class=\"_ _0\"></span>ase </span>and<span class=\"_ gsec\"> </span>th<span class=\"_ _0\"></span>e<span class=\"_ gsec\"> </span>defer<span class=\"_ _0\"></span>ral ph<span class=\"_ _0\"></span>ase for defer<span class=\"_ _0\"></span>red ann<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>. Judg<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent is req<span class=\"_ _0\"></span>uire<span class=\"_ _0\"></span>d to combi<span class=\"_ _0\"></span>ne the dif<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>rent cove<span class=\"_ _0\"></span>rag<span class=\"_ _0\"></span>e units so th<span class=\"_ _0\"></span>at they fair<span class=\"_ _0\"></span>ly ref<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>ct the<span class=\"_ gsec\"> </span>se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ice<span class=\"_ _0\"></span>s<span class=\"_ gsec\"> </span>provi<span class=\"_ _0\"></span>ded<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of the transi<span class=\"_ _0\"></span>tion d<span class=\"_ _0\"></span>ate CS<span class=\"_ _0\"></span>M unde<span class=\"_ _0\"></span>r IF<span class=\"_ _0\"></span>RS 1<span class=\"_ _1\"></span>7 inco<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ated judg<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>. In par<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>cul<span class=\"_ _0\"></span>ar, <span class=\"_ _1\"></span>judg<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s made in the c<span class=\"_ _0\"></span>alcu<span class=\"_ _0\"></span>latio<span class=\"_ _0\"></span>n of the </span>C<span class=\"_ _0\"></span>SM<span class=\"_ gsec\"> </span>fo<span class=\"_ _0\"></span>r por<span class=\"_ _3\"></span>tfoli<span class=\"_ _0\"></span>os trans<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>d usin<span class=\"_ _0\"></span>g the fair value ap<span class=\"_ _0\"></span>pro<span class=\"_ _0\"></span>ach at 1 Janu<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 co<span class=\"_ _0\"></span>ntinu<span class=\"_ _0\"></span>e to be a compo<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>nt of the cur<span class=\"_ _0\"></span>rent val<span class=\"_ _0\"></span>uatio<span class=\"_ _0\"></span>n of the<span class=\"_ gsec\"> </span>C<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>M<span class=\"_ gsec\"> </span>unt<span class=\"_ _0\"></span>il thos<span class=\"_ _0\"></span>e por<span class=\"_ _3\"></span>tfoli<span class=\"_ _0\"></span>os expir<span class=\"_ _0\"></span>e.<span class=\"_ _3b2\"> </span>Note 20 incl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>s a sensi<span class=\"_ _0\"></span>tivi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y anal<span class=\"_ _0\"></span>ysis on po<span class=\"_ _0\"></span>st-t<span class=\"_ _0\"></span>ax Gro<span class=\"_ _0\"></span>up prof<span class=\"_ _0\"></span>it an<span class=\"_ _0\"></span>d Grou<span class=\"_ _0\"></span>p equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y to reasonab<span class=\"_ _0\"></span>le alter<span class=\"_ _0\"></span>nati<span class=\"_ _0\"></span>ve assum<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>ns.<span class=\"_ _3b2\"> </span>V<span class=\"_ _1\"></span>aluat<span class=\"_ _0\"></span>ion of u<span class=\"_ _0\"></span>nqu<span class=\"_ _0\"></span>oted i<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>liq<span class=\"_ _0\"></span>uid a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>nd i<span class=\"_ _0\"></span>nvest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y (<span class=\"_ _0\"></span>Note <span class=\"ls30 ws9\">12</span><span class=\"ls1\">)<span class=\"_ _3b2\"> </span></span>Dete<span class=\"_ _0\"></span>rmi<span class=\"_ _0\"></span>natio<span class=\"_ _0\"></span>n of fair value of unqu<span class=\"_ _0\"></span>oted and illiq<span class=\"_ _0\"></span>uid asse<span class=\"_ _0\"></span>ts, an<span class=\"_ _0\"></span>d investm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y invo<span class=\"_ _0\"></span>lves jud<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts in mod<span class=\"_ _0\"></span>el valu<span class=\"_ _0\"></span>ation<span class=\"_ _0\"></span>s, thr<span class=\"_ _0\"></span>oug<span class=\"_ _0\"></span>h the inc<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>ratio<span class=\"_ _0\"></span>n of both obse<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vab<span class=\"_ _0\"></span>le and un<span class=\"_ _0\"></span>obs<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>vable ma<span class=\"_ _0\"></span>rket inp<span class=\"_ _0\"></span>uts<span class=\"_ _0\"></span>, whic<span class=\"_ _0\"></span>h incl<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>e assum<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>ns that lea<span class=\"_ _0\"></span>d to <span class=\"_ _1\"></span>the exis<span class=\"_ _0\"></span>tenc<span class=\"_ _0\"></span>e of a range of plausi<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span> valuat<span class=\"_ _0\"></span>ions for f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al assets<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>In asses<span class=\"_ _0\"></span>sin<span class=\"_ _0\"></span>g asset valu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n, in lin<span class=\"_ _0\"></span>e with app<span class=\"_ _0\"></span>lic<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e stan<span class=\"_ _0\"></span>dards an<span class=\"_ _0\"></span>d guida<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e, the Gr<span class=\"_ _0\"></span>oup has bot<span class=\"_ _0\"></span>h proje<span class=\"_ _0\"></span>cted th<span class=\"_ _0\"></span>e sho<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t-<span class=\"_ _0\"></span>term im<span class=\"_ _0\"></span>pac<span class=\"_ _0\"></span>t on earn<span class=\"_ _0\"></span>ings<span class=\"_ _0\"></span> and<span class=\"_ gsec\"> </span>c<span class=\"_ _0\"></span>ash fl<span class=\"_ _0\"></span>ows of the curr<span class=\"_ _0\"></span>ent mar<span class=\"_ _0\"></span>ket volatil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y, while con<span class=\"_ _0\"></span>tinui<span class=\"_ _0\"></span>ng to review the ass<span class=\"_ _0\"></span>ets\u2019 ab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y to delive<span class=\"_ _0\"></span>r lon<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>r term retur<span class=\"_ _0\"></span>ns alig<span class=\"_ _0\"></span>ned to thei<span class=\"_ _0\"></span>r investment cases.<span class=\"_ _3b2\"> </span>Note 1<span class=\"_ _1\"></span>2 includ<span class=\"_ _0\"></span>es a sens<span class=\"_ _0\"></span>itiv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y ana<span class=\"_ _0\"></span>lysis o<span class=\"_ _0\"></span>n the fair value of unq<span class=\"_ _0\"></span>uoted illi<span class=\"_ _0\"></span>quid ass<span class=\"_ _0\"></span>ets and inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y to reason<span class=\"_ _0\"></span>able al<span class=\"_ _0\"></span>tern<span class=\"_ _0\"></span>ative assu<span class=\"_ _0\"></span>mpti<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>(<span class=\"_ _1\"></span>v<span class=\"_ _0\"></span>ii) <span class=\"_ _10\"> </span>Consider<span class=\"_ _0\"></span>ation of cli<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ate cha<span class=\"_ _0\"></span>nge Th<span class=\"_ _0\"></span>e Group re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>es em<span class=\"_ _0\"></span>ergi<span class=\"_ _0\"></span>ng risk<span class=\"_ _0\"></span>s from both cl<span class=\"_ _0\"></span>imate cha<span class=\"_ _0\"></span>nge an<span class=\"_ _0\"></span>d the cri<span class=\"_ _0\"></span>sis with natu<span class=\"_ _0\"></span>re, an<span class=\"_ _0\"></span>d the inter<span class=\"_ _0\"></span>relati<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>hip be<span class=\"_ _0\"></span>twe<span class=\"_ _0\"></span>en ou<span class=\"_ _0\"></span>r climate and th<span class=\"_ _0\"></span>e natur<span class=\"_ _0\"></span>al worl<span class=\"_ _0\"></span>d. Clim<span class=\"_ _0\"></span>ate chang<span class=\"_ _0\"></span>e is the Grou<span class=\"_ _0\"></span>p\u2019s most mater<span class=\"_ _0\"></span>ial sus<span class=\"_ _0\"></span>taina<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y issue<span class=\"_ _0\"></span>, but th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p cont<span class=\"_ _0\"></span>inue<span class=\"_ _0\"></span>s to develo<span class=\"_ _0\"></span>p its und<span class=\"_ _0\"></span>ers<span class=\"_ _0\"></span>tan<span class=\"_ _0\"></span>ding of its<span class=\"_ _0\"></span> impa<span class=\"_ _0\"></span>cts an<span class=\"_ _0\"></span>d dep<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>cie<span class=\"_ _0\"></span>s on nature<span class=\"_ _0\"></span>, con<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>tly wit<span class=\"_ _0\"></span>h its con<span class=\"_ _0\"></span>side<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>on of the imp<span class=\"_ _0\"></span>acts fro<span class=\"_ _0\"></span>m clim<span class=\"_ _0\"></span>ate chang<span class=\"_ _0\"></span>e. Th<span class=\"_ _0\"></span>e Group is exp<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>d to climate chan<span class=\"_ _0\"></span>ge thro<span class=\"_ _0\"></span>ug<span class=\"_ _0\"></span>h two broa<span class=\"_ _0\"></span>d catego<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>es: tran<span class=\"_ _0\"></span>siti<span class=\"_ _0\"></span>on ris<span class=\"_ _0\"></span>ks from the m<span class=\"_ _0\"></span>ove to a <span class=\"_ _1\"></span>low<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>arb<span class=\"_ _0\"></span>on e<span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>omy an<span class=\"_ _0\"></span>d the imp<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span> this has o<span class=\"_ _0\"></span>n ass<span class=\"_ _0\"></span>et valu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n and th<span class=\"_ _0\"></span>e ec<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>omy<span class=\"_ _0\"></span>; an<span class=\"_ _0\"></span>d physi<span class=\"_ _0\"></span>cal r<span class=\"_ _0\"></span>isks f<span class=\"_ _0\"></span>rom th<span class=\"_ _0\"></span>e imp<span class=\"_ _0\"></span>act o<span class=\"_ _0\"></span>n ass<span class=\"_ _0\"></span>et ho<span class=\"_ _0\"></span>ldin<span class=\"_ _0\"></span>gs as a res<span class=\"_ _0\"></span>ult of se<span class=\"_ _0\"></span>vere weat<span class=\"_ _0\"></span>her e<span class=\"_ _0\"></span>vents a<span class=\"_ _0\"></span>nd lon<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>r-ter<span class=\"_ _0\"></span>m shif<span class=\"_ _0\"></span>ts in cli<span class=\"_ _0\"></span>mate.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p has in<span class=\"_ _0\"></span>tegrate<span class=\"_ _0\"></span>d clim<span class=\"_ _0\"></span>ate risk ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt in<span class=\"_ _0\"></span>to its gove<span class=\"_ _0\"></span>rna<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e fram<span class=\"_ _0\"></span>ewor<span class=\"_ _0\"></span>k and h<span class=\"_ _0\"></span>as ca<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>ied o<span class=\"_ _0\"></span>ut a d<span class=\"_ _0\"></span>etail<span class=\"_ _0\"></span>ed as<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>sme<span class=\"_ _0\"></span>nt of how we c<span class=\"_ _0\"></span>oul<span class=\"_ _0\"></span>d exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t climate ris<span class=\"_ _0\"></span>k to <span class=\"_ _1\"></span>em<span class=\"_ _0\"></span>erg<span class=\"_ _0\"></span>e acros<span class=\"_ _0\"></span>s our bus<span class=\"_ _0\"></span>ines<span class=\"_ _0\"></span>s mod<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>. The Gr<span class=\"_ _0\"></span>oup ris<span class=\"_ _0\"></span>k mitig<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n strateg<span class=\"_ _0\"></span>y inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>es set<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>folio ca<span class=\"_ _0\"></span>rb<span class=\"_ _0\"></span>on inten<span class=\"_ _0\"></span>sit<span class=\"_ _0\"></span>y targ<span class=\"_ _0\"></span>ets<span class=\"_ _0\"></span>, integr<span class=\"_ _0\"></span>atin<span class=\"_ _0\"></span>g car<span class=\"_ _0\"></span>bon c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ols into the inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt pro<span class=\"_ _0\"></span>ces<span class=\"_ _0\"></span>ses thr<span class=\"_ _0\"></span>oug<span class=\"_ _0\"></span>h stock excl<span class=\"_ _0\"></span>usio<span class=\"_ _0\"></span>ns and hig<span class=\"_ _0\"></span>h car<span class=\"_ _0\"></span>bo<span class=\"_ _0\"></span>n escal<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n, co<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ate engag<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent an<span class=\"_ _0\"></span>d impl<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ing hig<span class=\"_ _0\"></span>h ener<span class=\"_ _0\"></span>gy ef<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>icie<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>y stan<span class=\"_ _0\"></span>dards in<span class=\"_ _0\"></span>to the Group\u2019s dire<span class=\"_ _0\"></span>ctl<span class=\"_ _0\"></span>y owned c<span class=\"_ _0\"></span>omm<span class=\"_ _0\"></span>erc<span class=\"_ _0\"></span>ial pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y and ho<span class=\"_ _0\"></span>usin<span class=\"_ _0\"></span>g busin<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>es.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Group is co<span class=\"_ _0\"></span>mm<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ted to net zero, tar<span class=\"_ _0\"></span>geti<span class=\"_ _0\"></span>ng a 1<span class=\"_ _1\"></span>.5\u00b0C \u2018P<span class=\"_ _0\"></span>ari<span class=\"_ _0\"></span>s\u2019 outc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e. In orde<span class=\"_ _0\"></span>r to meet it<span class=\"_ _0\"></span>s enviro<span class=\"_ _0\"></span>nme<span class=\"_ _0\"></span>ntal g<span class=\"_ _0\"></span>oals<span class=\"_ _0\"></span>, the Gro<span class=\"_ _0\"></span>up has set for its<span class=\"_ _0\"></span>elf<span class=\"_ _0\"></span> a<span class=\"_ gsec\"> </span>num<span class=\"_ _0\"></span>ber of met<span class=\"_ _0\"></span>ric<span class=\"_ _0\"></span>s and tar<span class=\"_ _0\"></span>gets<span class=\"_ _0\"></span>, cle<span class=\"_ _0\"></span>arl<span class=\"_ _0\"></span>y linked wi<span class=\"_ _0\"></span>th its busi<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>s strate<span class=\"_ _0\"></span>gy and ris<span class=\"_ _0\"></span>k mana<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ent c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>rols<span class=\"_ _0\"></span>. The<span class=\"_ _0\"></span>se are base<span class=\"_ _0\"></span>d on a three<span class=\"_ _3\"></span>-<span class=\"_ _0\"></span>pilla<span class=\"_ _0\"></span>r clim<span class=\"_ _0\"></span>ate<span class=\"_ gsec\"> </span>strateg<span class=\"_ _0\"></span>y enc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pas<span class=\"_ _0\"></span>sing \u2018<span class=\"_ _0\"></span>Invest<span class=\"_ _0\"></span>, Inf<span class=\"_ _0\"></span>lue<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e and Op<span class=\"_ _0\"></span>erate\u2019. Metri<span class=\"_ _0\"></span>cs and ta<span class=\"_ _0\"></span>rgets have be<span class=\"_ _0\"></span>en d<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>d aroun<span class=\"_ _0\"></span>d the Grou<span class=\"_ _0\"></span>p\u2019s oper<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>nal car<span class=\"_ _0\"></span>bo<span class=\"_ _0\"></span>n footpr<span class=\"_ _0\"></span>int<span class=\"_ _0\"></span>, invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t por<span class=\"_ _3\"></span>tfoli<span class=\"_ _0\"></span>o eco<span class=\"_ _0\"></span>no<span class=\"_ _0\"></span>mic c<span class=\"_ _0\"></span>arb<span class=\"_ _0\"></span>on inten<span class=\"_ _0\"></span>sit<span class=\"_ _0\"></span>y, and impli<span class=\"_ _0\"></span>ed po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>folio tem<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>rature ali<span class=\"_ _0\"></span>gnm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>ese are be<span class=\"_ _0\"></span>ing tar<span class=\"_ _0\"></span>geted th<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>gh the de<span class=\"_ _0\"></span>car<span class=\"_ _0\"></span>bo<span class=\"_ _0\"></span>nisat<span class=\"_ _0\"></span>ion of the Gro<span class=\"_ _0\"></span>up\u2019s balan<span class=\"_ _0\"></span>ce she<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>, invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts in clea<span class=\"_ _0\"></span>n ene<span class=\"_ _0\"></span>rgy an<span class=\"_ _0\"></span>d star<span class=\"_ _3\"></span>t-u<span class=\"_ _0\"></span>ps<span class=\"_ _0\"></span>, develo<span class=\"_ _0\"></span>pm<span class=\"_ _0\"></span>ent of clim<span class=\"_ _0\"></span>ate frie<span class=\"_ _0\"></span>ndly inve<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent pro<span class=\"_ _0\"></span>du<span class=\"_ _0\"></span>cts<span class=\"_ _0\"></span>, and foc<span class=\"_ _0\"></span>us on own ope<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>. The G<span class=\"_ _0\"></span>roup als<span class=\"_ _0\"></span>o cont<span class=\"_ _0\"></span>inue<span class=\"_ _0\"></span>s to leverag<span class=\"_ _0\"></span>e its infl<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span>nce as a larg<span class=\"_ _0\"></span>e investor to addres<span class=\"_ _0\"></span>s the fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>ciall<span class=\"_ _0\"></span>y materi<span class=\"_ _0\"></span>al issu<span class=\"_ _0\"></span>es of<span class=\"_ gsec\"> </span>clima<span class=\"_ _0\"></span>te chang<span class=\"_ _0\"></span>e and nature lo<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Sc<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ari<span class=\"_ _0\"></span>o analys<span class=\"_ _0\"></span>is is per<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>d to help und<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>stan<span class=\"_ _0\"></span>d the str<span class=\"_ _0\"></span>ategic im<span class=\"_ _0\"></span>pli<span class=\"_ _0\"></span>catio<span class=\"_ _0\"></span>ns of poss<span class=\"_ _0\"></span>ibl<span class=\"_ _0\"></span>e climate pathways<span class=\"_ _0\"></span>, incl<span class=\"_ _0\"></span>udin<span class=\"_ _0\"></span>g the key features of a tran<span class=\"_ _0\"></span>siti<span class=\"_ _0\"></span>on to a net zero eco<span class=\"_ _0\"></span>no<span class=\"_ _0\"></span>my<span class=\"_ _1\"></span>. Plausi<span class=\"_ _0\"></span>ble sc<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ari<span class=\"_ _0\"></span>os have bee<span class=\"_ _0\"></span>n devel<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>ed bas<span class=\"_ _0\"></span>ed on es<span class=\"_ _0\"></span>timati<span class=\"_ _0\"></span>ons of how the en<span class=\"_ _0\"></span>erg<span class=\"_ _0\"></span>y system may evo<span class=\"_ _0\"></span>lve over the nex<span class=\"_ _0\"></span>t 3<span class=\"_ _0\"></span>0 years<span class=\"_ _0\"></span>, usin<span class=\"_ _0\"></span>g the mos<span class=\"_ _0\"></span>t rec<span class=\"_ _0\"></span>ent ca<span class=\"_ _0\"></span>rb<span class=\"_ _0\"></span>on bu<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>ts from th<span class=\"_ _0\"></span>e Intergove<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>tal Pan<span class=\"_ _0\"></span>el on Cli<span class=\"_ _0\"></span>mate Chan<span class=\"_ _0\"></span>ge\u2019s Six<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h Ass<span class=\"_ _0\"></span>essm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t Repo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t (A<span class=\"_ _0\"></span>R6) and inc<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>rated latest dat<span class=\"_ _0\"></span>a on tech<span class=\"_ _0\"></span>nol<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>y cost<span class=\"_ _0\"></span>s. Th<span class=\"_ _0\"></span>ese in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>de t<span class=\"_ _0\"></span>wo diffe<span class=\"_ _0\"></span>rent pat<span class=\"_ _0\"></span>hways to <span class=\"_ _1\"></span>\u2018<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>low 2\u00b0C<span class=\"_ _0\"></span>\u2019, and a scen<span class=\"_ _0\"></span>ari<span class=\"_ _0\"></span>o assum<span class=\"_ _0\"></span>ing ac<span class=\"_ _0\"></span>hieve<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt of net zero. Give<span class=\"_ _0\"></span>n the Gro<span class=\"_ _0\"></span>up\u2019s long<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>m climate risk re<span class=\"_ _0\"></span>lates to transit<span class=\"_ _0\"></span>ion ris<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>, a four<span class=\"_ _0\"></span>th sc<span class=\"_ _0\"></span>ena<span class=\"_ _0\"></span>rio as<span class=\"_ _0\"></span>sumi<span class=\"_ _0\"></span>ng glo<span class=\"_ _0\"></span>bal failu<span class=\"_ _0\"></span>re to act on climate cha<span class=\"_ _0\"></span>nge an<span class=\"_ _0\"></span>d emis<span class=\"_ _0\"></span>sio<span class=\"_ _0\"></span>ns grow<span class=\"_ _0\"></span>th at histor<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>al rates has be<span class=\"_ _0\"></span>en mo<span class=\"_ _0\"></span>del<span class=\"_ _0\"></span>led<span class=\"_ _0\"></span>, bu<span class=\"_ _0\"></span>t the impa<span class=\"_ _0\"></span>cts have not be<span class=\"_ _0\"></span>en ap<span class=\"_ _0\"></span>plie<span class=\"_ _0\"></span>d to our por<span class=\"_ _3\"></span>tfoli<span class=\"_ _0\"></span>o. Su<span class=\"_ _0\"></span>ch imp<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>s are drive<span class=\"_ _0\"></span>n by physi<span class=\"_ _0\"></span>cal ris<span class=\"_ _0\"></span>ks whic<span class=\"_ _0\"></span>h tend to be highly lo<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>lise<span class=\"_ _0\"></span>d and mani<span class=\"_ _0\"></span>fest fur<span class=\"_ _3\"></span>ther in<span class=\"_ _0\"></span>to the futu<span class=\"_ _0\"></span>re and are the<span class=\"_ _0\"></span>refore mor<span class=\"_ _0\"></span>e unce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ain.<span class=\"_ _3b2\"> </span>In prep<span class=\"_ _0\"></span>arin<span class=\"_ _0\"></span>g the co<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>lidated f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al statem<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span>, the Gr<span class=\"_ _0\"></span>oup has c<span class=\"_ _0\"></span>onsi<span class=\"_ _0\"></span>dere<span class=\"_ _0\"></span>d the im<span class=\"_ _0\"></span>pac<span class=\"_ _0\"></span>t of climate chan<span class=\"_ _0\"></span>ge, an<span class=\"_ _0\"></span>d in par<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>cul<span class=\"_ _0\"></span>ar the tra<span class=\"_ _0\"></span>nsit<span class=\"_ _0\"></span>ion to a lower ca<span class=\"_ _0\"></span>rb<span class=\"_ _0\"></span>on ec<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>omy, on the valuati<span class=\"_ _0\"></span>on of the Gro<span class=\"_ _0\"></span>up\u2019s assets an<span class=\"_ _0\"></span>d liabili<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>. In the S<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ategic re<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>, with addi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal infor<span class=\"_ _0\"></span>matio<span class=\"_ _0\"></span>n in the Gro<span class=\"_ _0\"></span>up\u2019s Clim<span class=\"_ _0\"></span>ate and nature rep<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>t, we have set out in de<span class=\"_ _0\"></span>tail the var<span class=\"_ _0\"></span>iou<span class=\"_ _0\"></span>s risks an<span class=\"_ _0\"></span>d opp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>uni<span class=\"_ _0\"></span>ties that are c<span class=\"_ _0\"></span>reated by this tran<span class=\"_ _0\"></span>siti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>, and how the<span class=\"_ _0\"></span>y may impac<span class=\"_ _0\"></span>t the Gro<span class=\"_ _0\"></span>up acr<span class=\"_ _0\"></span>oss var<span class=\"_ _0\"></span>ious ti<span class=\"_ _0\"></span>me ho<span class=\"_ _0\"></span>rizons<span class=\"_ _0\"></span>. In line wi<span class=\"_ _0\"></span>th the rec<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>ndati<span class=\"_ _0\"></span>ons of the T<span class=\"_ _1\"></span>ask Force o<span class=\"_ _0\"></span>n Climate<span class=\"_ _0\"></span>-<span class=\"_ _3\"></span>related Fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial Dis<span class=\"_ _0\"></span>clo<span class=\"_ _0\"></span>sure<span class=\"_ _0\"></span>s, we have fur<span class=\"_ _3\"></span>ther de<span class=\"_ _0\"></span>sc<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>ed the res<span class=\"_ _0\"></span>ilie<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e of the Group\u2019s strate<span class=\"_ _0\"></span>gy, taking in<span class=\"_ _0\"></span>to consid<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n dif<span class=\"_ _0\"></span>ferent cl<span class=\"_ _0\"></span>imate<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>elated sc<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ario<span class=\"_ _0\"></span>s, as de<span class=\"_ _0\"></span>scr<span class=\"_ _0\"></span>ibe<span class=\"_ _0\"></span>d above<span class=\"_ _0\"></span>. The<span class=\"_ _0\"></span>re is no one si<span class=\"_ _0\"></span>ngle sc<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ari<span class=\"_ _0\"></span>o that und<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>pins th<span class=\"_ _0\"></span>e fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial statem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s. Th<span class=\"_ _0\"></span>e sce<span class=\"_ _0\"></span>nar<span class=\"_ _0\"></span>ios he<span class=\"_ _0\"></span>lp chal<span class=\"_ _0\"></span>len<span class=\"_ _0\"></span>ge the G<span class=\"_ _0\"></span>roup\u2019s per<span class=\"_ _0\"></span>sp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tives on th<span class=\"_ _0\"></span>e futu<span class=\"_ _0\"></span>re busi<span class=\"_ _0\"></span>ness an<span class=\"_ _0\"></span>d ec<span class=\"_ _0\"></span>ono<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>c enviro<span class=\"_ _0\"></span>nme<span class=\"_ _0\"></span>nt as a resul<span class=\"_ _0\"></span>t of the transi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n to <span class=\"_ _1\"></span>a lower ca<span class=\"_ _0\"></span>rb<span class=\"_ _0\"></span>on ec<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>omy, inclu<span class=\"_ _0\"></span>ding c<span class=\"_ _0\"></span>onsi<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of events that may be onl<span class=\"_ _0\"></span>y remotel<span class=\"_ _0\"></span>y pos<span class=\"_ _0\"></span>sibl<span class=\"_ _0\"></span>e. As a resul<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>, the sce<span class=\"_ _0\"></span>nar<span class=\"_ _0\"></span>ios cove<span class=\"_ _0\"></span>red are not in<span class=\"_ _0\"></span>tende<span class=\"_ _0\"></span>d to be predi<span class=\"_ _0\"></span>ctio<span class=\"_ _0\"></span>ns of likely fu<span class=\"_ _0\"></span>ture even<span class=\"_ _0\"></span>ts or outc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>es and are not th<span class=\"_ _0\"></span>e basis on whic<span class=\"_ _0\"></span>h the Gro<span class=\"_ _0\"></span>up\u2019s cons<span class=\"_ _0\"></span>olid<span class=\"_ _0\"></span>ated fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial sta<span class=\"_ _0\"></span>teme<span class=\"_ _0\"></span>nts have bee<span class=\"_ _0\"></span>n prep<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>d.<span class=\"_ _3b2\"> </span>At the cur<span class=\"_ _0\"></span>rent tim<span class=\"_ _0\"></span>e, th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p does n<span class=\"_ _0\"></span>ot cons<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>r climate ris<span class=\"_ _0\"></span>k to <span class=\"_ _1\"></span>rep<span class=\"_ _0\"></span>rese<span class=\"_ _0\"></span>nt a signif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant are<span class=\"_ _0\"></span>a of judge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t or of estimat<span class=\"_ _0\"></span>ion un<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>int<span class=\"_ _0\"></span>y. As at 31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>24, no mater<span class=\"_ _0\"></span>ial imp<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>s on the Gro<span class=\"_ _0\"></span>up\u2019s fina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al posi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n, no<span class=\"_ _0\"></span>r on the valu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of assets or liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es on the G<span class=\"_ _0\"></span>roup\u2019s Co<span class=\"_ _0\"></span>nsol<span class=\"_ _0\"></span>idated<span class=\"_ _0\"></span> Bala<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e She<span class=\"_ _0\"></span>et as a resul<span class=\"_ _0\"></span>t of climate chan<span class=\"_ _0\"></span>ge ris<span class=\"_ _0\"></span>k have bee<span class=\"_ _0\"></span>n iden<span class=\"_ _0\"></span>tif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d. In arr<span class=\"_ _0\"></span>ivi<span class=\"_ _0\"></span>ng at this deter<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>natio<span class=\"_ _0\"></span>n, th<span class=\"_ _0\"></span>e Group ha<span class=\"_ _0\"></span>s in par<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>cula<span class=\"_ _0\"></span>r taken into acc<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nt the followi<span class=\"_ _0\"></span>ng areas of judg<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>, whic<span class=\"_ _0\"></span>h we consi<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r to <span class=\"_ _1\"></span>be th<span class=\"_ _0\"></span>ose mos<span class=\"_ _0\"></span>t exp<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>d to the potential imp<span class=\"_ _0\"></span>act of clim<span class=\"_ _0\"></span>ate chang<span class=\"_ _0\"></span>e in the prep<span class=\"_ _0\"></span>arati<span class=\"_ _0\"></span>on of the fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial st<span class=\"_ _0\"></span>ateme<span class=\"_ _0\"></span>nts:<span class=\"_ _3b2\"> </span>Goi<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g conc<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>n a<span class=\"_ _0\"></span>nd v<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>bi<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span>In prep<span class=\"_ _0\"></span>arin<span class=\"_ _0\"></span>g the co<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>lidated f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al statem<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span>, the di<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>tors are req<span class=\"_ _0\"></span>uire<span class=\"_ _0\"></span>d to assess the Gro<span class=\"_ _0\"></span>up\u2019s abili<span class=\"_ _0\"></span>ty to con<span class=\"_ _0\"></span>tinu<span class=\"_ _0\"></span>e as a going co<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>n, by tak<span class=\"_ _0\"></span>ing into acc<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nt all availabl<span class=\"_ _0\"></span>e inform<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n related to at least 1<span class=\"_ _1\"></span>2 mont<span class=\"_ _0\"></span>hs from th<span class=\"_ _0\"></span>e date of <span class=\"_ _1\"></span>the<span class=\"_ _0\"></span>ir app<span class=\"_ _0\"></span>roval. Ad<span class=\"_ _0\"></span>diti<span class=\"_ _0\"></span>onal<span class=\"_ _0\"></span>ly, the prepar<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of the viab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y st<span class=\"_ _0\"></span>ateme<span class=\"_ _0\"></span>nt takes into con<span class=\"_ _0\"></span>side<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>on the Gro<span class=\"_ _0\"></span>up\u2019s overall bu<span class=\"_ _0\"></span>sine<span class=\"_ _0\"></span>ss mo<span class=\"_ _0\"></span>del an<span class=\"_ _0\"></span>d strateg<span class=\"_ _0\"></span>y, f<span class=\"_ _1\"></span>ore<span class=\"_ _0\"></span>cas<span class=\"_ _0\"></span>t fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>ial stre<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>th and resi<span class=\"_ _0\"></span>lien<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>, and the<span class=\"_ _0\"></span> liqui<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>y prof<span class=\"_ _0\"></span>ile over th<span class=\"_ _0\"></span>e plan<span class=\"_ _0\"></span>ning ho<span class=\"_ _0\"></span>rizo<span class=\"_ _0\"></span>n. Clim<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>rel<span class=\"_ _0\"></span>ated mat<span class=\"_ _0\"></span>ters have be<span class=\"_ _0\"></span>en c<span class=\"_ _0\"></span>onsi<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>red as par<span class=\"_ _3\"></span>t of <span class=\"_ _1\"></span>the<span class=\"_ _0\"></span>se asse<span class=\"_ _0\"></span>ssm<span class=\"_ _0\"></span>ents an<span class=\"_ _0\"></span>d have not bee<span class=\"_ _0\"></span>n de<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>d to create material un<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tai<span class=\"_ _0\"></span>ntie<span class=\"_ _0\"></span>s as to <span class=\"_ _1\"></span>the<span class=\"_ _0\"></span>ir con<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>sio<span class=\"_ _0\"></span>ns or to require sp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ic disc<span class=\"_ _0\"></span>losu<span class=\"_ _0\"></span>re.<span class=\"_ _3b2\"> </span>V<span class=\"_ _1\"></span>aluat<span class=\"_ _0\"></span>ion of L<span class=\"_ _0\"></span>evel <span class=\"ls1\">3</span> f<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>l i<span class=\"_ _0\"></span>nves<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ments a<span class=\"_ _0\"></span>nd i<span class=\"_ _0\"></span>nve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ment pro<span class=\"_ _0\"></span>per<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e valuati<span class=\"_ _0\"></span>on of unqu<span class=\"_ _0\"></span>oted illiqu<span class=\"_ _0\"></span>id asset<span class=\"_ _0\"></span>s and invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ty has b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n sepa<span class=\"_ _0\"></span>rately id<span class=\"_ _0\"></span>enti<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ed as an area of signif<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>can<span class=\"_ _0\"></span>t estim<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n unce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>aint<span class=\"_ _0\"></span>y. Th<span class=\"_ _0\"></span>e assum<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>ns use<span class=\"_ _0\"></span>d in the mod<span class=\"_ _0\"></span>els un<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>pin<span class=\"_ _0\"></span>nin<span class=\"_ _0\"></span>g these as<span class=\"_ _0\"></span>sets\u2019 val<span class=\"_ _0\"></span>uatio<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>, suc<span class=\"_ _0\"></span>h as cash fl<span class=\"_ _0\"></span>ows forec<span class=\"_ _0\"></span>asts<span class=\"_ _0\"></span>, disc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t rates, and m<span class=\"_ _0\"></span>ulti<span class=\"_ _0\"></span>ples<span class=\"_ _0\"></span>, are of<span class=\"_ _0\"></span>ten uno<span class=\"_ _0\"></span>bse<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vab<span class=\"_ _0\"></span>le. Du<span class=\"_ _0\"></span>e to the nee<span class=\"_ _0\"></span>d to apply sign<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ica<span class=\"_ _0\"></span>nt judg<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s, the<span class=\"_ _0\"></span>se assu<span class=\"_ _0\"></span>mpti<span class=\"_ _0\"></span>ons ca<span class=\"_ _0\"></span>n be impa<span class=\"_ _0\"></span>cted by tran<span class=\"_ _0\"></span>siti<span class=\"_ _0\"></span>on ris<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>, with cli<span class=\"_ _0\"></span>mate related inp<span class=\"_ _0\"></span>uts<span class=\"_ _0\"></span> gaini<span class=\"_ _0\"></span>ng mo<span class=\"_ _0\"></span>re trac<span class=\"_ _0\"></span>tion (e.g. co<span class=\"_ _0\"></span>nst<span class=\"_ _0\"></span>ruc<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n meth<span class=\"_ _0\"></span>ods an<span class=\"_ _0\"></span>d materi<span class=\"_ _0\"></span>als, E<span class=\"_ _0\"></span>PC ra<span class=\"_ _0\"></span>tings<span class=\"_ _0\"></span>, ES<span class=\"_ _0\"></span>G cre<span class=\"_ _0\"></span>den<span class=\"_ _0\"></span>tials an<span class=\"_ _0\"></span>d climate resili<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ce). This is par<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>cula<span class=\"_ _0\"></span>rly re<span class=\"_ _0\"></span>levan<span class=\"_ _0\"></span>t for the Gro<span class=\"_ _0\"></span>up\u2019s direc<span class=\"_ _0\"></span>t investm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s por<span class=\"_ _3\"></span>tfoli<span class=\"_ _0\"></span>o, inc<span class=\"_ _0\"></span>ludi<span class=\"_ _0\"></span>ng alter<span class=\"_ _0\"></span>nati<span class=\"_ _0\"></span>ve assets<span class=\"_ _0\"></span>. Wh<span class=\"_ _0\"></span>ere po<span class=\"_ _0\"></span>ssib<span class=\"_ _0\"></span>le, th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p\u2019s assets are valu<span class=\"_ _0\"></span>ed usin<span class=\"_ _0\"></span>g stan<span class=\"_ _0\"></span>dard ma<span class=\"_ _0\"></span>rket pri<span class=\"_ _0\"></span>cin<span class=\"_ _0\"></span>g sourc<span class=\"_ _0\"></span>es or ap<span class=\"_ _0\"></span>prop<span class=\"_ _0\"></span>riate<span class=\"_ _0\"></span>ly quali<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ed ex<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>nal valu<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s, an<span class=\"_ _0\"></span>d therefo<span class=\"_ _0\"></span>re refle<span class=\"_ _0\"></span>ct c<span class=\"_ _0\"></span>urre<span class=\"_ _0\"></span>nt mar<span class=\"_ _0\"></span>ket senti<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts arou<span class=\"_ _0\"></span>nd clim<span class=\"_ _0\"></span>ate risk<span class=\"_ _0\"></span>. In this resp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t mar<span class=\"_ _0\"></span>ket and investor ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ctat<span class=\"_ _0\"></span>ions have also b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n evolv<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>, with gre<span class=\"_ _0\"></span>ater dem<span class=\"_ _0\"></span>and towards ne<span class=\"_ _0\"></span>t zero<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>alig<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>d assets<span class=\"_ _0\"></span>, and away from tra<span class=\"_ _0\"></span>diti<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>l car<span class=\"_ _0\"></span>bo<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>inten<span class=\"_ _0\"></span>sive me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>ds, im<span class=\"_ _0\"></span>pac<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g expe<span class=\"_ _0\"></span>cted inves<span class=\"_ _0\"></span>tor retur<span class=\"_ _0\"></span>ns and th<span class=\"_ _0\"></span>erefore dis<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>unt rates and mu<span class=\"_ _0\"></span>lti<span class=\"_ _0\"></span>ples<span class=\"_ _0\"></span>. E<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>osu<span class=\"_ _0\"></span>re to the risks of climate cha<span class=\"_ _0\"></span>nge is mini<span class=\"_ _0\"></span>mise<span class=\"_ _0\"></span>d throu<span class=\"_ _0\"></span>gh rig<span class=\"_ _0\"></span>oro<span class=\"_ _0\"></span>us asse<span class=\"_ _0\"></span>ssm<span class=\"_ _0\"></span>ent of potent<span class=\"_ _0\"></span>ial invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts and ac<span class=\"_ _0\"></span>tive mo<span class=\"_ _0\"></span>nitor<span class=\"_ _0\"></span>ing of the ca<span class=\"_ _0\"></span>rb<span class=\"_ _0\"></span>on intens<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y of the cur<span class=\"_ _0\"></span>rent p<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>tfolio<span class=\"_ _0\"></span>. Addi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nall<span class=\"_ _0\"></span>y, <span class=\"_ _1\"></span>invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ties are bei<span class=\"_ _0\"></span>ng revi<span class=\"_ _0\"></span>ewed by ind<span class=\"_ _0\"></span>epe<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>ent thi<span class=\"_ _0\"></span>rd par<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, where ap<span class=\"_ _0\"></span>plic<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le, wi<span class=\"_ _0\"></span>th rega<span class=\"_ _0\"></span>rds to potential retr<span class=\"_ _0\"></span>ofi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ting<span class=\"_ _0\"></span>, to help redu<span class=\"_ _0\"></span>ce c<span class=\"_ _0\"></span>arb<span class=\"_ _0\"></span>on em<span class=\"_ _0\"></span>issi<span class=\"_ _0\"></span>ons and ma<span class=\"_ _0\"></span>ke them mo<span class=\"_ _0\"></span>re eff<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>cie<span class=\"_ _0\"></span>nt and sus<span class=\"_ _0\"></span>tain<span class=\"_ _0\"></span>able for th<span class=\"_ _0\"></span>e futu<span class=\"_ _0\"></span>re. As<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t i<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ment a<span class=\"_ _0\"></span>nd re<span class=\"_ _0\"></span>sidua<span class=\"_ _0\"></span>l e<span class=\"_ _0\"></span>conom<span class=\"_ _0\"></span>ic l<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>fe<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>yi<span class=\"_ _0\"></span>ng valu<span class=\"_ _0\"></span>e of goodw<span class=\"_ _0\"></span>ill, int<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>ible an<span class=\"_ _0\"></span>d cer<span class=\"_ _3\"></span>tain tan<span class=\"_ _0\"></span>gibl<span class=\"_ _0\"></span>e asse<span class=\"_ _0\"></span>ts on the Co<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>lidate<span class=\"_ _0\"></span>d Balan<span class=\"_ _0\"></span>ce S<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>et whic<span class=\"_ _0\"></span>h are subj<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t to impair<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t testin<span class=\"_ _0\"></span>g<span class=\"_ gsec\"> </span>cou<span class=\"_ _0\"></span>ld be af<span class=\"_ _0\"></span>fecte<span class=\"_ _0\"></span>d by climate chan<span class=\"_ _0\"></span>ge ris<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>. For examp<span class=\"_ _0\"></span>le, inve<span class=\"_ _0\"></span>ntor<span class=\"_ _0\"></span>y may be<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ome o<span class=\"_ _0\"></span>bsol<span class=\"_ _0\"></span>ete or rest<span class=\"_ _0\"></span>ric<span class=\"_ _0\"></span>ted, c<span class=\"_ _0\"></span>ausin<span class=\"_ _0\"></span>g selli<span class=\"_ _0\"></span>ng pri<span class=\"_ _0\"></span>ces to de<span class=\"_ _0\"></span>clin<span class=\"_ _0\"></span>e or<span class=\"_ gsec\"> </span>th<span class=\"_ _0\"></span>eir co<span class=\"_ _0\"></span>sts of com<span class=\"_ _0\"></span>ple<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n to <span class=\"_ _1\"></span>inc<span class=\"_ _0\"></span>reas<span class=\"_ _0\"></span>e. If, as a result, th<span class=\"_ _0\"></span>e cos<span class=\"_ _0\"></span>t of inventorie<span class=\"_ _0\"></span>s is not recove<span class=\"_ _0\"></span>rab<span class=\"_ _0\"></span>le, th<span class=\"_ _0\"></span>ey would ne<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d to be writ<span class=\"_ _0\"></span>ten down to their<span class=\"_ _0\"></span> net<span class=\"_ gsec\"> </span>re<span class=\"_ _0\"></span>alisa<span class=\"_ _0\"></span>ble valu<span class=\"_ _0\"></span>e. Prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ty, plant and e<span class=\"_ _0\"></span>quip<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>, right-<span class=\"_ _3\"></span>of-u<span class=\"_ _0\"></span>se asse<span class=\"_ _0\"></span>ts, go<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>will and int<span class=\"_ _0\"></span>angi<span class=\"_ _0\"></span>ble as<span class=\"_ _0\"></span>sets may se<span class=\"_ _0\"></span>e thei<span class=\"_ _0\"></span>r recove<span class=\"_ _0\"></span>rab<span class=\"_ _0\"></span>le amo<span class=\"_ _0\"></span>unt de<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>rease in lig<span class=\"_ _0\"></span>ht of climate cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>, and sign<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ica<span class=\"_ _0\"></span>nt chan<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>s in the enviro<span class=\"_ _0\"></span>nm<span class=\"_ _0\"></span>ent (in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>g for exampl<span class=\"_ _0\"></span>e chan<span class=\"_ _0\"></span>ges in re<span class=\"_ _0\"></span>gulati<span class=\"_ _0\"></span>on) in which the G<span class=\"_ _0\"></span>roup o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>ates, wh<span class=\"_ _0\"></span>ere adve<span class=\"_ _0\"></span>rse<span class=\"_ _0\"></span> ef<span class=\"_ _0\"></span>fects c<span class=\"_ _0\"></span>an repre<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>t an indic<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of impair<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>. The es<span class=\"_ _0\"></span>timat<span class=\"_ _0\"></span>ion of rec<span class=\"_ _0\"></span>overa<span class=\"_ _0\"></span>ble am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t as \u2018valu<span class=\"_ _0\"></span>e in use\u2019 req<span class=\"_ _0\"></span>uires an ass<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt of future<span class=\"_ _0\"></span> exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted cash f<span class=\"_ _0\"></span>lows base<span class=\"_ _0\"></span>d on assu<span class=\"_ _0\"></span>mpti<span class=\"_ _0\"></span>ons poten<span class=\"_ _0\"></span>tiall<span class=\"_ _0\"></span>y affec<span class=\"_ _0\"></span>ted by climate rela<span class=\"_ _0\"></span>ted mat<span class=\"_ _0\"></span>ters<span class=\"_ _0\"></span>, par<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>icu<span class=\"_ _0\"></span>larl<span class=\"_ _0\"></span>y for goo<span class=\"_ _0\"></span>dwill an<span class=\"_ _0\"></span>d intan<span class=\"_ _0\"></span>gibl<span class=\"_ _0\"></span>e asse<span class=\"_ _0\"></span>ts,<span class=\"_ _0\"></span> whic<span class=\"_ _0\"></span>h<span class=\"_ gsec\"> </span>are subj<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t to a <span class=\"_ _1\"></span>high<span class=\"_ _0\"></span>er de<span class=\"_ _0\"></span>gre<span class=\"_ _0\"></span>e of judge<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt. W<span class=\"_ _0\"></span>here as<span class=\"_ _0\"></span>sets are su<span class=\"_ _0\"></span>bje<span class=\"_ _0\"></span>ct to amor<span class=\"_ _3\"></span>tisatio<span class=\"_ _0\"></span>n or dep<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>iatio<span class=\"_ _0\"></span>n, c<span class=\"_ _0\"></span>onsi<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>ratio<span class=\"_ _0\"></span>n nee<span class=\"_ _0\"></span>ds to be given<span class=\"_ _0\"></span> to<span class=\"_ gsec\"> </span>wheth<span class=\"_ _0\"></span>er cli<span class=\"_ _0\"></span>mate risk sug<span class=\"_ _0\"></span>ges<span class=\"_ _0\"></span>ts that the res<span class=\"_ _0\"></span>idu<span class=\"_ _0\"></span>al eco<span class=\"_ _0\"></span>no<span class=\"_ _0\"></span>mic life is sho<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ter tha<span class=\"_ _0\"></span>n antici<span class=\"_ _0\"></span>pated<span class=\"_ _0\"></span>, whic<span class=\"_ _0\"></span>h would give ri<span class=\"_ _0\"></span>se to increas<span class=\"_ _0\"></span>ed ch<span class=\"_ _0\"></span>arge<span class=\"_ _0\"></span>s in the inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e statem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>. Due to the natur<span class=\"_ _0\"></span>e of the Group\u2019s asset<span class=\"_ _0\"></span>s, we do not antic<span class=\"_ _0\"></span>ipate any materi<span class=\"_ _0\"></span>al addi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts or inc<span class=\"_ _0\"></span>rease<span class=\"_ _0\"></span>d amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n and<span class=\"_ gsec\"> </span>d<span class=\"_ _0\"></span>epre<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>ation c<span class=\"_ _0\"></span>harg<span class=\"_ _0\"></span>es to arise from cl<span class=\"_ _0\"></span>imate cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>. Risks will co<span class=\"_ _0\"></span>ntin<span class=\"_ _0\"></span>ue to be moni<span class=\"_ _0\"></span>tored ag<span class=\"_ _0\"></span>ains<span class=\"_ _0\"></span>t judg<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ents an<span class=\"_ _0\"></span>d estim<span class=\"_ _0\"></span>ates used in th<span class=\"_ _0\"></span>e asse<span class=\"_ _0\"></span>ssm<span class=\"_ _0\"></span>ent of impa<span class=\"_ _0\"></span>irm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>. In<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nce cont<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t l<span class=\"_ _0\"></span>iabi<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p\u2019s insur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts a<span class=\"_ _0\"></span>re value<span class=\"_ _0\"></span>d usi<span class=\"_ _0\"></span>ng dis<span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>nt rates d<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>ved f<span class=\"_ _0\"></span>rom th<span class=\"_ _0\"></span>e bac<span class=\"_ _0\"></span>ki<span class=\"_ _0\"></span>ng ass<span class=\"_ _0\"></span>et po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>foli<span class=\"_ _0\"></span>os wit<span class=\"_ _0\"></span>h de<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns mad<span class=\"_ _0\"></span>e to remove risks<span class=\"_ gsec\"> </span>t<span class=\"_ _0\"></span>hat are pres<span class=\"_ _0\"></span>ent in the as<span class=\"_ _0\"></span>sets bu<span class=\"_ _0\"></span>t are not rele<span class=\"_ _0\"></span>vant to the insu<span class=\"_ _0\"></span>ranc<span class=\"_ _0\"></span>e liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y. Climate<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>lated ris<span class=\"_ _0\"></span>ks cou<span class=\"_ _0\"></span>ld impa<span class=\"_ _0\"></span>ct on th<span class=\"_ _0\"></span>e Group<span class=\"_ _0\"></span>\u2019s exposur<span class=\"_ _0\"></span>e to<span class=\"_ gsec\"> </span>futu<span class=\"_ _0\"></span>re credi<span class=\"_ _0\"></span>t los<span class=\"_ _0\"></span>ses whi<span class=\"_ _0\"></span>ch would im<span class=\"_ _0\"></span>pac<span class=\"_ _0\"></span>t on the ap<span class=\"_ _0\"></span>prop<span class=\"_ _0\"></span>ria<span class=\"_ _0\"></span>te yield de<span class=\"_ _0\"></span>du<span class=\"_ _0\"></span>ctio<span class=\"_ _0\"></span>ns in the dis<span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>nt rate calc<span class=\"_ _0\"></span>ulati<span class=\"_ _0\"></span>on and th<span class=\"_ _0\"></span>erefore th<span class=\"_ _0\"></span>e insur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e contrac<span class=\"_ _0\"></span>t valuations.<span class=\"_ _3b2\"> </span>Pr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>ision<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>nd cont<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ngent l<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>bi<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ies<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e reco<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n, me<span class=\"_ _0\"></span>asure<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt and dis<span class=\"_ _0\"></span>clo<span class=\"_ _0\"></span>sure of provisi<span class=\"_ _0\"></span>ons an<span class=\"_ _0\"></span>d cont<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>ent lia<span class=\"_ _0\"></span>bilit<span class=\"_ _0\"></span>ies is subj<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t to setti<span class=\"_ _0\"></span>ng assu<span class=\"_ _0\"></span>mpti<span class=\"_ _0\"></span>ons aro<span class=\"_ _0\"></span>und fu<span class=\"_ _0\"></span>ture eve<span class=\"_ _0\"></span>nts and the pro<span class=\"_ _0\"></span>bab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y of thei<span class=\"_ _0\"></span>r occ<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>e. Cli<span class=\"_ _0\"></span>mate<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>lated mat<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>s cou<span class=\"_ _0\"></span>ld affe<span class=\"_ _0\"></span>ct the<span class=\"_ _0\"></span>se ele<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts<span class=\"_ _0\"></span>, for exampl<span class=\"_ _0\"></span>e by requir<span class=\"_ _0\"></span>ing re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>tion o<span class=\"_ _0\"></span>r disclo<span class=\"_ _0\"></span>sure of a leg<span class=\"_ _0\"></span>al oblig<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n (<span class=\"_ _1\"></span>e.g. levi<span class=\"_ _0\"></span>es impo<span class=\"_ _0\"></span>sed for failing cli<span class=\"_ _0\"></span>mate related target<span class=\"_ _0\"></span>s) <span class=\"_ _1\"></span>or of <span class=\"_ _1\"></span>a cons<span class=\"_ _0\"></span>tru<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ve obligat<span class=\"_ _0\"></span>ion (e.g. require<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts to <span class=\"_ _1\"></span>rem<span class=\"_ _0\"></span>edia<span class=\"_ _0\"></span>te <span class=\"_ _1\"></span>envi<span class=\"_ _0\"></span>ron<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>tal<span class=\"_ _0\"></span> dama<span class=\"_ _0\"></span>ge cau<span class=\"_ _0\"></span>sed by the G<span class=\"_ _0\"></span>roup\u2019s ope<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>ons an<span class=\"_ _0\"></span>d investm<span class=\"_ _0\"></span>ent p<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>foli<span class=\"_ _0\"></span>os). Def<span class=\"_ _1\"></span>erred tax asse<span class=\"_ _1\"></span>ts<span class=\"_ _3b2\"> </span>Defer<span class=\"_ _0\"></span>red ta<span class=\"_ _0\"></span>x asse<span class=\"_ _0\"></span>ts are rec<span class=\"_ _0\"></span>ogni<span class=\"_ _0\"></span>sed for de<span class=\"_ _0\"></span>du<span class=\"_ _0\"></span>ctib<span class=\"_ _0\"></span>le temp<span class=\"_ _0\"></span>ora<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>es and un<span class=\"_ _0\"></span>use<span class=\"_ _0\"></span>d tax los<span class=\"_ _0\"></span>ses an<span class=\"_ _0\"></span>d credi<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>, to the exten<span class=\"_ _0\"></span>t it is proba<span class=\"_ _0\"></span>ble that fu<span class=\"_ _0\"></span>tur<span class=\"_ _0\"></span>e taxa<span class=\"_ _0\"></span>ble prof<span class=\"_ _0\"></span>it wil<span class=\"_ _0\"></span>l be availabl<span class=\"_ _0\"></span>e, aga<span class=\"_ _0\"></span>inst whi<span class=\"_ _0\"></span>ch th<span class=\"_ _0\"></span>ose am<span class=\"_ _0\"></span>ount<span class=\"_ _0\"></span>s can be ut<span class=\"_ _0\"></span>ilise<span class=\"_ _0\"></span>d. Cli<span class=\"_ _0\"></span>mate<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>lated mat<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>s coul<span class=\"_ _0\"></span>d affec<span class=\"_ _0\"></span>t the Gro<span class=\"_ _0\"></span>up\u2019s estim<span class=\"_ _0\"></span>ate of <span class=\"_ _1\"></span>fu<span class=\"_ _0\"></span>ture taxa<span class=\"_ _0\"></span>ble prof<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>s, and th<span class=\"_ _0\"></span>erefo<span class=\"_ _0\"></span>re it may be requ<span class=\"_ _0\"></span>ired to dere<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>e deferr<span class=\"_ _0\"></span>ed tax as<span class=\"_ _0\"></span>sets pre<span class=\"_ _0\"></span>vio<span class=\"_ _0\"></span>usly o<span class=\"_ _0\"></span>n the bala<span class=\"_ _0\"></span>nce sh<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t.<span class=\"_ _3b2\"> </span>Share<span class=\"_ _0\"></span>-based payments<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p\u2019s per<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rma<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e share p<span class=\"_ _0\"></span>lans p<span class=\"_ _0\"></span>rovid<span class=\"_ _0\"></span>e a dire<span class=\"_ _0\"></span>ct an<span class=\"_ _0\"></span>d tra<span class=\"_ _0\"></span>nspa<span class=\"_ _0\"></span>rent li<span class=\"_ _0\"></span>nk b<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n execu<span class=\"_ _0\"></span>tive p<span class=\"_ _0\"></span>ay and th<span class=\"_ _0\"></span>e de<span class=\"_ _0\"></span>liver<span class=\"_ _3\"></span>y of share<span class=\"_ _0\"></span>hol<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r retur<span class=\"_ _0\"></span>ns over t<span class=\"_ _0\"></span>he lon<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>r-ter<span class=\"_ _0\"></span>m. Th<span class=\"_ _0\"></span>ey are a con<span class=\"_ _0\"></span>diti<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>l award of shares subj<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t to <span class=\"_ _1\"></span>a per<span class=\"_ _3\"></span>forma<span class=\"_ _0\"></span>nce p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>od of at least th<span class=\"_ _0\"></span>ree yea<span class=\"_ _0\"></span>rs. Pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>man<span class=\"_ _0\"></span>ce me<span class=\"_ _0\"></span>tri<span class=\"_ _0\"></span>cs for the Gr<span class=\"_ _0\"></span>oup\u2019s share pl<span class=\"_ _0\"></span>ans are now cle<span class=\"_ _0\"></span>arl<span class=\"_ _0\"></span>y linked to ES<span class=\"_ _0\"></span>G metr<span class=\"_ _0\"></span>ics<span class=\"_ _0\"></span>. As su<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>, the ef<span class=\"_ _0\"></span>fect<span class=\"_ _0\"></span>s of climate chan<span class=\"_ _0\"></span>ge co<span class=\"_ _0\"></span>uld have an impa<span class=\"_ _0\"></span>ct on am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t and timin<span class=\"_ _0\"></span>g, re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n and me<span class=\"_ _0\"></span>asure<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt of amou<span class=\"_ _0\"></span>nts in the Gro<span class=\"_ _0\"></span>up\u2019s inco<span class=\"_ _0\"></span>me st<span class=\"_ _0\"></span>ateme<span class=\"_ _0\"></span>nt and state<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt of comp<span class=\"_ _0\"></span>reh<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>ve inc<span class=\"_ _0\"></span>ome<span class=\"_ _0\"></span>. Fin<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l i<span class=\"_ _0\"></span>nst<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ments<span class=\"_ _3b2\"> </span>E<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted cre<span class=\"_ _0\"></span>dit los<span class=\"_ _0\"></span>ses are re<span class=\"_ _0\"></span>quire<span class=\"_ _0\"></span>d to be reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed on re<span class=\"_ _0\"></span>cei<span class=\"_ _0\"></span>vabl<span class=\"_ _0\"></span>es and c<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ain f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span>, repr<span class=\"_ _0\"></span>ese<span class=\"_ _0\"></span>nting th<span class=\"_ _0\"></span>e cou<span class=\"_ _0\"></span>nterp<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>\u2019s prob<span class=\"_ _0\"></span>abili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ gsec\"> </span>of defaul<span class=\"_ _0\"></span>t over a cer<span class=\"_ _3\"></span>tain time ho<span class=\"_ _0\"></span>rizo<span class=\"_ _0\"></span>n. Clim<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>rel<span class=\"_ _0\"></span>ated mat<span class=\"_ _0\"></span>ters may af<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t the Grou<span class=\"_ _0\"></span>p\u2019s exposu<span class=\"_ _0\"></span>re to these los<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>, for exampl<span class=\"_ _0\"></span>e by<span class=\"_ gsec\"> </span>neg<span class=\"_ _0\"></span>ative<span class=\"_ _0\"></span>ly affe<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ng the bo<span class=\"_ _0\"></span>rrowe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>\u2019s abilit<span class=\"_ _0\"></span>y to mee<span class=\"_ _0\"></span>t thei<span class=\"_ _0\"></span>r oblig<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns, o<span class=\"_ _0\"></span>r by affect<span class=\"_ _0\"></span>ing assu<span class=\"_ _0\"></span>mpti<span class=\"_ _0\"></span>ons us<span class=\"_ _0\"></span>ed in the mo<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>ls ado<span class=\"_ _0\"></span>pted to estimate exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted cred<span class=\"_ _0\"></span>it los<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>(<span class=\"_ _1\"></span>v<span class=\"_ _0\"></span>ii<span class=\"_ _0\"></span>i) <span class=\"_ _23\"> </span>Mater<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l accou<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>ng p<span class=\"_ _0\"></span>olicie<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span>Con<span class=\"_ _0\"></span>sol<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>ation pr<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>iples<span class=\"_ _3b2\"> </span>Subsidiar<span class=\"_ _0\"></span>y under<span class=\"_ _0\"></span>takings Th<span class=\"_ _0\"></span>e cons<span class=\"_ _0\"></span>olid<span class=\"_ _0\"></span>ated fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial st<span class=\"_ _0\"></span>ateme<span class=\"_ _0\"></span>nts inc<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>rate the asse<span class=\"_ _0\"></span>ts, lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>, equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y, inco<span class=\"_ _0\"></span>me, ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nses an<span class=\"_ _0\"></span>d cash f<span class=\"_ _0\"></span>lows of the com<span class=\"_ _0\"></span>pany an<span class=\"_ _0\"></span>d of its subsi<span class=\"_ _0\"></span>diar<span class=\"_ _3\"></span>y unde<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>kin<span class=\"_ _0\"></span>gs drawn up to 31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r each yea<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>. All intr<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>gro<span class=\"_ _0\"></span>up bala<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>es, tr<span class=\"_ _0\"></span>ansa<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>, inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e and exp<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>es are elim<span class=\"_ _0\"></span>inated in ful<span class=\"_ _0\"></span>l. Su<span class=\"_ _0\"></span>bsidi<span class=\"_ _0\"></span>arie<span class=\"_ _0\"></span>s are thos<span class=\"_ _0\"></span>e entit<span class=\"_ _0\"></span>ies (in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>ding sp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>cial pu<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>ose ent<span class=\"_ _0\"></span>itie<span class=\"_ _0\"></span>s, mu<span class=\"_ _0\"></span>tual fu<span class=\"_ _0\"></span>nds an<span class=\"_ _0\"></span>d unit tr<span class=\"_ _0\"></span>usts) over whic<span class=\"_ _0\"></span>h the Grou<span class=\"_ _0\"></span>p dire<span class=\"_ _0\"></span>ctly o<span class=\"_ _0\"></span>r indire<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ly has con<span class=\"_ _0\"></span>trol (i<span class=\"_ _0\"></span>.e. whe<span class=\"_ _0\"></span>n the Grou<span class=\"_ _0\"></span>p is expo<span class=\"_ _0\"></span>sed<span class=\"_ _0\"></span>, or has rig<span class=\"_ _0\"></span>hts<span class=\"_ _0\"></span>, to variabl<span class=\"_ _0\"></span>e retur<span class=\"_ _0\"></span>ns from it<span class=\"_ _0\"></span>s involve<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t with the inves<span class=\"_ _0\"></span>tee and has th<span class=\"_ _0\"></span>e abili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y to a<span class=\"_ _1\"></span>f<span class=\"_ _0\"></span>fect th<span class=\"_ _0\"></span>ose retur<span class=\"_ _0\"></span>ns thro<span class=\"_ _0\"></span>ugh i<span class=\"_ _0\"></span>ts power over the inve<span class=\"_ _0\"></span>stee) (Note 4<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>). Busi<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>s com<span class=\"_ _0\"></span>bina<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s are acc<span class=\"_ _0\"></span>ounte<span class=\"_ _0\"></span>d for by apply<span class=\"_ _0\"></span>ing the ac<span class=\"_ _0\"></span>quis<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>n met<span class=\"_ _0\"></span>hod of acc<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>ntin<span class=\"_ _0\"></span>g, whi<span class=\"_ _0\"></span>ch req<span class=\"_ _0\"></span>uires th<span class=\"_ _0\"></span>e Group to rec<span class=\"_ _0\"></span>ord th<span class=\"_ _0\"></span>e ident<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>iabl<span class=\"_ _0\"></span>e asse<span class=\"_ _0\"></span>ts and liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es of the acqu<span class=\"_ _0\"></span>ired bu<span class=\"_ _0\"></span>sin<span class=\"_ _0\"></span>ess at fair valu<span class=\"_ _0\"></span>e on the date of acquisi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n. T<span class=\"_ _0\"></span>he exces<span class=\"_ _0\"></span>s of the fair value of acqu<span class=\"_ _0\"></span>isiti<span class=\"_ _0\"></span>on co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ation<span class=\"_ _0\"></span> over<span class=\"_ gsec\"> </span>th<span class=\"_ _0\"></span>e reco<span class=\"_ _0\"></span>rde<span class=\"_ _0\"></span>d value of the ass<span class=\"_ _0\"></span>ets and lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ties of the ac<span class=\"_ _0\"></span>quire<span class=\"_ _0\"></span>d enti<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y is reco<span class=\"_ _0\"></span>rde<span class=\"_ _0\"></span>d on the sta<span class=\"_ _0\"></span>teme<span class=\"_ _0\"></span>nt of fina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l posi<span class=\"_ _0\"></span>tion as go<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>will. Pr<span class=\"_ _0\"></span>ofi<span class=\"_ _0\"></span>ts or<span class=\"_ gsec\"> </span>lo<span class=\"_ _0\"></span>sses of subs<span class=\"_ _0\"></span>idia<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y und<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>taki<span class=\"_ _0\"></span>ngs sol<span class=\"_ _0\"></span>d or acq<span class=\"_ _0\"></span>uire<span class=\"_ _0\"></span>d duri<span class=\"_ _0\"></span>ng the yea<span class=\"_ _0\"></span>r are inclu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d in the co<span class=\"_ _0\"></span>nsol<span class=\"_ _0\"></span>idated res<span class=\"_ _0\"></span>ults up to the date of dispos<span class=\"_ _0\"></span>al or from<span class=\"_ _0\"></span> the<span class=\"_ gsec\"> </span>da<span class=\"_ _0\"></span>te of <span class=\"_ _1\"></span>gaini<span class=\"_ _0\"></span>ng co<span class=\"_ _0\"></span>ntro<span class=\"_ _0\"></span>l. Put<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e instr<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ents h<span class=\"_ _0\"></span>eld by ex<span class=\"_ _0\"></span>tern<span class=\"_ _0\"></span>al par<span class=\"_ _3\"></span>ties in co<span class=\"_ _0\"></span>nsoli<span class=\"_ _0\"></span>dated inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt vehi<span class=\"_ _0\"></span>cle<span class=\"_ _0\"></span>s, su<span class=\"_ _0\"></span>ch as uni<span class=\"_ _0\"></span>t trus<span class=\"_ _0\"></span>ts, are cl<span class=\"_ _0\"></span>assif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d as liabil<span class=\"_ _0\"></span>itie<span class=\"_ _0\"></span>s and app<span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span> as<span class=\"_ gsec\"> </span>\u2018<span class=\"_ _0\"></span>Net ass<span class=\"_ _0\"></span>et valu<span class=\"_ _0\"></span>e att<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>uta<span class=\"_ _0\"></span>ble to unit ho<span class=\"_ _0\"></span>lde<span class=\"_ _0\"></span>rs\u2019 in th<span class=\"_ _0\"></span>e Co<span class=\"_ _0\"></span>nsoli<span class=\"_ _0\"></span>dated Ba<span class=\"_ _0\"></span>lan<span class=\"_ _0\"></span>ce Sh<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t.<span class=\"_ _0\"></span> Associates and joint<span class=\"_ _1\"></span> ventures Ass<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>iates are enti<span class=\"_ _0\"></span>ties over wh<span class=\"_ _0\"></span>ich th<span class=\"_ _0\"></span>e Group ha<span class=\"_ _0\"></span>s signif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant inf<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>e bu<span class=\"_ _0\"></span>t which i<span class=\"_ _0\"></span>t does n<span class=\"_ _0\"></span>ot cont<span class=\"_ _0\"></span>rol. I<span class=\"_ _0\"></span>t is presum<span class=\"_ _0\"></span>ed that th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p has signi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>can<span class=\"_ _0\"></span>t infl<span class=\"_ _0\"></span>uen<span class=\"_ _0\"></span>ce wh<span class=\"_ _0\"></span>ere it has b<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n 20% an<span class=\"_ _0\"></span>d 50<span class=\"_ _0\"></span>% of the voting rig<span class=\"_ _0\"></span>hts in the inves<span class=\"_ _0\"></span>tee unl<span class=\"_ _0\"></span>ess in<span class=\"_ _0\"></span>dic<span class=\"_ _0\"></span>ated othe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>wise. J<span class=\"_ _0\"></span>oint ven<span class=\"_ _0\"></span>tures are en<span class=\"_ _0\"></span>titi<span class=\"_ _0\"></span>es whe<span class=\"_ _0\"></span>re the Grou<span class=\"_ _0\"></span>p and othe<span class=\"_ _0\"></span>r par<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies have joint c<span class=\"_ _0\"></span>ontro<span class=\"_ _0\"></span>l over the<span class=\"_ _0\"></span>ir acti<span class=\"_ _0\"></span>vit<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e Group ha<span class=\"_ _0\"></span>s interest<span class=\"_ _0\"></span>s in asso<span class=\"_ _0\"></span>ciates and joi<span class=\"_ _0\"></span>nt ventu<span class=\"_ _0\"></span>res (Note 41<span class=\"_ _1\"></span>) <span class=\"_ _1\"></span>whic<span class=\"_ _0\"></span>h form par<span class=\"_ _3\"></span>t of an investme<span class=\"_ _0\"></span>nt por<span class=\"_ _3\"></span>tfol<span class=\"_ _0\"></span>io hel<span class=\"_ _0\"></span>d throu<span class=\"_ _0\"></span>gh pri<span class=\"_ _0\"></span>vate equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y vehic<span class=\"_ _0\"></span>les<span class=\"_ _0\"></span>, mut<span class=\"_ _0\"></span>ual fun<span class=\"_ _0\"></span>ds<span class=\"_ _0\"></span>, unit tr<span class=\"_ _0\"></span>usts an<span class=\"_ _0\"></span>d simila<span class=\"_ _0\"></span>r enti<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>. In acc<span class=\"_ _0\"></span>orda<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e with the c<span class=\"_ _0\"></span>hoi<span class=\"_ _0\"></span>ce pe<span class=\"_ _0\"></span>rmi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ted by IA<span class=\"_ _0\"></span>S 28<span class=\"_ _0\"></span>, \u2018Inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ents in A<span class=\"_ _0\"></span>sso<span class=\"_ _0\"></span>ciates an<span class=\"_ _0\"></span>d Joint Ventur<span class=\"_ _0\"></span>es\u2019, thes<span class=\"_ _0\"></span>e interes<span class=\"_ _0\"></span>ts have bee<span class=\"_ _0\"></span>n class<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ied as fair valu<span class=\"_ _0\"></span>e thro<span class=\"_ _0\"></span>ugh prof<span class=\"_ _0\"></span>it o<span class=\"_ _0\"></span>r loss and m<span class=\"_ _0\"></span>easu<span class=\"_ _0\"></span>red at fair valu<span class=\"_ _0\"></span>e within f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al investm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts, wi<span class=\"_ _0\"></span>th chan<span class=\"_ _0\"></span>ges in<span class=\"_ _0\"></span> fair<span class=\"_ gsec\"> </span>valu<span class=\"_ _0\"></span>e rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ised in th<span class=\"_ _0\"></span>e Co<span class=\"_ _0\"></span>nsoli<span class=\"_ _0\"></span>dated In<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me S<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>. Ass<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>iates and join<span class=\"_ _0\"></span>t venture<span class=\"_ _0\"></span>s whic<span class=\"_ _0\"></span>h do not form par<span class=\"_ _3\"></span>t of an investme<span class=\"_ _0\"></span>nt por<span class=\"_ _3\"></span>tfol<span class=\"_ _0\"></span>io are init<span class=\"_ _0\"></span>ially re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed in the C<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>olid<span class=\"_ _0\"></span>ated Bala<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e She<span class=\"_ _0\"></span>et at co<span class=\"_ _0\"></span>st.<span class=\"_ _0\"></span> Go<span class=\"_ _0\"></span>odwil<span class=\"_ _0\"></span>l arisin<span class=\"_ _0\"></span>g on the ac<span class=\"_ _0\"></span>quisi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of these asso<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>ates or joint ven<span class=\"_ _0\"></span>tures is inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>ed wi<span class=\"_ _0\"></span>thin the c<span class=\"_ _0\"></span>arr<span class=\"_ _3\"></span>yin<span class=\"_ _0\"></span>g value of those inve<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>eir ca<span class=\"_ _0\"></span>rr<span class=\"_ _3\"></span>ying<span class=\"_ _0\"></span> amo<span class=\"_ _0\"></span>unt is inc<span class=\"_ _0\"></span>reas<span class=\"_ _0\"></span>ed or de<span class=\"_ _0\"></span>cre<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>d to reflec<span class=\"_ _0\"></span>t the Gro<span class=\"_ _0\"></span>up\u2019s share of total comp<span class=\"_ _0\"></span>reh<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>ve inc<span class=\"_ _0\"></span>ome af<span class=\"_ _0\"></span>ter th<span class=\"_ _0\"></span>e date of <span class=\"_ _1\"></span>the ac<span class=\"_ _0\"></span>quisi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n. W<span class=\"_ _0\"></span>here th<span class=\"_ _0\"></span>e car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>yi<span class=\"_ _0\"></span>ng amo<span class=\"_ _0\"></span>unt of an asso<span class=\"_ _0\"></span>ciate or join<span class=\"_ _0\"></span>t venture is grea<span class=\"_ _0\"></span>ter than its es<span class=\"_ _0\"></span>timate<span class=\"_ _0\"></span>d recove<span class=\"_ _0\"></span>rab<span class=\"_ _0\"></span>le amo<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>, whic<span class=\"_ _0\"></span>h is the high<span class=\"_ _0\"></span>er of the asse<span class=\"_ _0\"></span>ts fair value le<span class=\"_ _0\"></span>ss cos<span class=\"_ _0\"></span>ts of disp<span class=\"_ _0\"></span>osal an<span class=\"_ _0\"></span>d value in use<span class=\"_ _0\"></span>, it is wri<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ten down imm<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>ately to its rec<span class=\"_ _0\"></span>overa<span class=\"_ _0\"></span>ble am<span class=\"_ _0\"></span>ount<span class=\"_ _0\"></span>, wit<span class=\"_ _0\"></span>h an impair<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt los<span class=\"_ _0\"></span>s rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ised in th<span class=\"_ _0\"></span>e Con<span class=\"_ _0\"></span>soli<span class=\"_ _0\"></span>dated Income <span class=\"_ _1\"></span>Statemen<span class=\"_ _1\"></span>t.<span class=\"_ _3b2\"> </span>In<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nce cont<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>ts<span class=\"_ _3b2\"> </span>Long t<span class=\"_ _1\"></span>erm insurance<span class=\"_ _1\"></span> contracts \u2013<span class=\"_ _1\"></span> initial<span class=\"_ _1\"></span> measurement<span class=\"_ _3b2\"> </span>Insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts are co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>acts whi<span class=\"_ _0\"></span>ch tra<span class=\"_ _0\"></span>nsfer sig<span class=\"_ _0\"></span>nif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce ris<span class=\"_ _0\"></span>k to the insure<span class=\"_ _0\"></span>r at the ince<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>n of the cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t. T<span class=\"_ _0\"></span>his is the cas<span class=\"_ _0\"></span>e if, and<span class=\"_ gsec\"> </span>o<span class=\"_ _0\"></span>nly if, an insure<span class=\"_ _0\"></span>d event co<span class=\"_ _0\"></span>uld c<span class=\"_ _0\"></span>ause an ins<span class=\"_ _0\"></span>urer to make signif<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>can<span class=\"_ _0\"></span>t addit<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>al payme<span class=\"_ _0\"></span>nts in any sc<span class=\"_ _0\"></span>ena<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>, other tha<span class=\"_ _0\"></span>n a scen<span class=\"_ _0\"></span>ari<span class=\"_ _0\"></span>o which la<span class=\"_ _0\"></span>cks<span class=\"_ _0\"></span> co<span class=\"_ _0\"></span>mme<span class=\"_ _0\"></span>rcia<span class=\"_ _0\"></span>l subst<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e. S<span class=\"_ _0\"></span>uch c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>s remai<span class=\"_ _0\"></span>n insur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts until all ri<span class=\"_ _0\"></span>ghts an<span class=\"_ _0\"></span>d oblig<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns are ex<span class=\"_ _0\"></span>ting<span class=\"_ _0\"></span>uish<span class=\"_ _0\"></span>ed or ex<span class=\"_ _0\"></span>pire<span class=\"_ _0\"></span>d. At ince<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>n, th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p separ<span class=\"_ _0\"></span>ates the followi<span class=\"_ _0\"></span>ng co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>one<span class=\"_ _0\"></span>nts fro<span class=\"_ _0\"></span>m an insur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e or reins<span class=\"_ _0\"></span>ura<span class=\"_ _0\"></span>nce c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t and acc<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nts for the<span class=\"_ _0\"></span>m as if they were stan<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>alo<span class=\"_ _0\"></span>ne f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>l instr<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span>: \u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">der<span class=\"_ _0\"></span>ivati<span class=\"_ _0\"></span>ves em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>dde<span class=\"_ _0\"></span>d in the co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>ct who<span class=\"_ _0\"></span>se ec<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>omi<span class=\"_ _0\"></span>c char<span class=\"_ _0\"></span>acter<span class=\"_ _0\"></span>isti<span class=\"_ _0\"></span>cs an<span class=\"_ _0\"></span>d risks are not cl<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>ly related to thos<span class=\"_ _0\"></span>e of the host co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>, </span>and<span class=\"_ gsec\"> </span>wh<span class=\"_ _0\"></span>ose<span class=\"_ gsec\"> </span>ter<span class=\"_ _0\"></span>ms woul<span class=\"_ _0\"></span>d not me<span class=\"_ _0\"></span>et the def<span class=\"_ _0\"></span>ini<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of an insura<span class=\"_ _0\"></span>nce o<span class=\"_ _0\"></span>r reinsu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>act as a stan<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>alo<span class=\"_ _0\"></span>ne ins<span class=\"_ _0\"></span>tru<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">disti<span class=\"_ _0\"></span>nct inve<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span>, i.e. inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ents that are n<span class=\"_ _0\"></span>ot highl<span class=\"_ _0\"></span>y inter-<span class=\"_ _0\"></span>relate<span class=\"_ _0\"></span>d with the ins<span class=\"_ _0\"></span>ura<span class=\"_ _0\"></span>nce c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pon<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s and for whic<span class=\"_ _0\"></span>h </span>con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts wit<span class=\"_ _0\"></span>h equi<span class=\"_ _0\"></span>vale<span class=\"_ _0\"></span>nt terms are so<span class=\"_ _0\"></span>ld<span class=\"_ _0\"></span>, or coul<span class=\"_ _0\"></span>d be sol<span class=\"_ _0\"></span>d, se<span class=\"_ _0\"></span>parate<span class=\"_ _0\"></span>ly in the sam<span class=\"_ _0\"></span>e mar<span class=\"_ _0\"></span>ket or the sam<span class=\"_ _0\"></span>e juris<span class=\"_ _0\"></span>dic<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Af<span class=\"_ _0\"></span>ter sep<span class=\"_ _0\"></span>arati<span class=\"_ _0\"></span>ng any fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial ins<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nt co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>one<span class=\"_ _0\"></span>nts<span class=\"_ _0\"></span>, the Gro<span class=\"_ _0\"></span>up sep<span class=\"_ _0\"></span>arates any pro<span class=\"_ _0\"></span>mises to trans<span class=\"_ _0\"></span>fer to policy<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>lde<span class=\"_ _0\"></span>rs dis<span class=\"_ _0\"></span>tinc<span class=\"_ _0\"></span>t goo<span class=\"_ _0\"></span>ds or se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces<span class=\"_ _0\"></span> othe<span class=\"_ _0\"></span>r than insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce cove<span class=\"_ _0\"></span>rag<span class=\"_ _0\"></span>e and invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>es and ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>unts for the<span class=\"_ _0\"></span>m as sepa<span class=\"_ _0\"></span>rate cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>ts with cu<span class=\"_ _0\"></span>stom<span class=\"_ _0\"></span>ers (i<span class=\"_ _0\"></span>.e. not as insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts). A <span class=\"_ _1\"></span>go<span class=\"_ _0\"></span>od or se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce is disti<span class=\"_ _0\"></span>nct if th<span class=\"_ _0\"></span>e poli<span class=\"_ _0\"></span>cyh<span class=\"_ _0\"></span>old<span class=\"_ _0\"></span>er ca<span class=\"_ _0\"></span>n ben<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>it fro<span class=\"_ _0\"></span>m it eith<span class=\"_ _0\"></span>er on i<span class=\"_ _0\"></span>ts own or with othe<span class=\"_ _0\"></span>r resou<span class=\"_ _0\"></span>rce<span class=\"_ _0\"></span>s that are readi<span class=\"_ _0\"></span>ly availab<span class=\"_ _0\"></span>le to<span class=\"_ gsec\"> </span>the poli<span class=\"_ _0\"></span>cy<span class=\"_ _0\"></span>hol<span class=\"_ _0\"></span>der. A <span class=\"_ _1\"></span>go<span class=\"_ _0\"></span>od or se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce is not disti<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>t and is acc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ted for togeth<span class=\"_ _0\"></span>er wit<span class=\"_ _0\"></span>h the insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>one<span class=\"_ _0\"></span>nt if the ca<span class=\"_ _0\"></span>sh fl<span class=\"_ _0\"></span>ows and risks<span class=\"_ _0\"></span> asso<span class=\"_ _0\"></span>ciate<span class=\"_ _0\"></span>d with the go<span class=\"_ _0\"></span>od o<span class=\"_ _0\"></span>r ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ice are hi<span class=\"_ _0\"></span>ghly in<span class=\"_ _0\"></span>ter-<span class=\"_ _0\"></span>related wi<span class=\"_ _0\"></span>th the ca<span class=\"_ _0\"></span>sh fl<span class=\"_ _0\"></span>ows and risks as<span class=\"_ _0\"></span>soc<span class=\"_ _0\"></span>iated wit<span class=\"_ _0\"></span>h the insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>one<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>, and the<span class=\"_ _0\"></span> Grou<span class=\"_ _0\"></span>p<span class=\"_ gsec\"> </span>provi<span class=\"_ _0\"></span>des a sign<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ica<span class=\"_ _0\"></span>nt ser<span class=\"_ _3\"></span>vice of integ<span class=\"_ _0\"></span>ratin<span class=\"_ _0\"></span>g the go<span class=\"_ _0\"></span>od or se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce wit<span class=\"_ _0\"></span>h the insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>one<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gn<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n an<span class=\"_ _0\"></span>d le<span class=\"_ _0\"></span>vel of a<span class=\"_ _0\"></span>gg<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on<span class=\"_ _3b2\"> </span>An ins<span class=\"_ _0\"></span>ura<span class=\"_ _0\"></span>nce c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t is reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed at the ear<span class=\"_ _0\"></span>lies<span class=\"_ _0\"></span>t of the followin<span class=\"_ _0\"></span>g:<span class=\"_ _3b2\"> </span>(a<span class=\"_ _1\"></span>) <span class=\"_ _e\"> </span>the b<span class=\"_ _0\"></span>eg<span class=\"_ _0\"></span>inni<span class=\"_ _0\"></span>ng of the c<span class=\"_ _0\"></span>over<span class=\"_ _0\"></span>age p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iod<span class=\"_ _3b2\"> </span>(b) <span class=\"_ _d2\"> </span>t<span class=\"_ _0\"></span>he date wh<span class=\"_ _0\"></span>en th<span class=\"_ _0\"></span>e fi<span class=\"_ _0\"></span>rst p<span class=\"_ _0\"></span>aym<span class=\"_ _0\"></span>ent fr<span class=\"_ _0\"></span>om a po<span class=\"_ _0\"></span>lic<span class=\"_ _0\"></span>yho<span class=\"_ _0\"></span>ld<span class=\"_ _0\"></span>er b<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>es du<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span>(c<span class=\"_ _1\"></span>) <span class=\"_ _e\"> </span>for on<span class=\"_ _0\"></span>ero<span class=\"_ _0\"></span>us co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts<span class=\"_ _0\"></span>, whe<span class=\"_ _0\"></span>n the con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>t be<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>mes o<span class=\"_ _0\"></span>nero<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e level of aggre<span class=\"_ _0\"></span>gati<span class=\"_ _0\"></span>on deter<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>nes the u<span class=\"_ _0\"></span>nit of acc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t at which IF<span class=\"_ _0\"></span>RS 17 <span class=\"_ _1\"></span>cal<span class=\"_ _0\"></span>culat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s are per<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>d. T<span class=\"_ _0\"></span>his is deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>irs<span class=\"_ _0\"></span>tly by divi<span class=\"_ _0\"></span>ding th<span class=\"_ _0\"></span>e busi<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>s writ<span class=\"_ _0\"></span>ten in<span class=\"_ _0\"></span>to por<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>folio<span class=\"_ _0\"></span>s. Po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>folio<span class=\"_ _0\"></span>s com<span class=\"_ _0\"></span>pri<span class=\"_ _0\"></span>se grou<span class=\"_ _0\"></span>ps of contr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>s with simil<span class=\"_ _0\"></span>ar risk<span class=\"_ _0\"></span>s which are ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>ed toge<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>. Por<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>foli<span class=\"_ _0\"></span>os are fur<span class=\"_ _3\"></span>ther<span class=\"_ _0\"></span> divi<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d based o<span class=\"_ _0\"></span>n expe<span class=\"_ _0\"></span>cted pr<span class=\"_ _0\"></span>ofi<span class=\"_ _0\"></span>tabi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y at inc<span class=\"_ _0\"></span>epti<span class=\"_ _0\"></span>on into thre<span class=\"_ _0\"></span>e categ<span class=\"_ _0\"></span>ori<span class=\"_ _0\"></span>es: on<span class=\"_ _0\"></span>erou<span class=\"_ _0\"></span>s con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>, cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>ts with no sig<span class=\"_ _0\"></span>nif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant ris<span class=\"_ _0\"></span>k of subseq<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span>ntly<span class=\"_ _0\"></span> be<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ming o<span class=\"_ _0\"></span>ner<span class=\"_ _0\"></span>ous<span class=\"_ _0\"></span>, and the re<span class=\"_ _0\"></span>main<span class=\"_ _0\"></span>der. IFRS 1<span class=\"_ _1\"></span>7 also requ<span class=\"_ _0\"></span>ires tha<span class=\"_ _0\"></span>t no group for leve<span class=\"_ _0\"></span>l of aggreg<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n pur<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>es may con<span class=\"_ _0\"></span>tain co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>acts iss<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span>d more<span class=\"_ _0\"></span> than on<span class=\"_ _0\"></span>e year apa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>. The ins<span class=\"_ _0\"></span>ura<span class=\"_ _0\"></span>nce c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t discl<span class=\"_ _0\"></span>osure<span class=\"_ _0\"></span>s have bee<span class=\"_ _0\"></span>n aggre<span class=\"_ _0\"></span>gated at the le<span class=\"_ _0\"></span>vel of the majo<span class=\"_ _0\"></span>r produ<span class=\"_ _0\"></span>ct lin<span class=\"_ _0\"></span>es of the busi<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>s, ann<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>ies and protec<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n. T<span class=\"_ _0\"></span>his disag<span class=\"_ _0\"></span>gre<span class=\"_ _0\"></span>gatio<span class=\"_ _0\"></span>n refl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ts thei<span class=\"_ _0\"></span>r simila<span class=\"_ _0\"></span>r main ch<span class=\"_ _0\"></span>arac<span class=\"_ _0\"></span>teris<span class=\"_ _0\"></span>tic<span class=\"_ _0\"></span>s and avoids the pr<span class=\"_ _0\"></span>ese<span class=\"_ _0\"></span>ntatio<span class=\"_ _0\"></span>n of insigni<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>can<span class=\"_ _0\"></span>t detai<span class=\"_ _0\"></span>l.<span class=\"_ _3b2\"> </span>All of th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up\u2019s in sc<span class=\"_ _0\"></span>ope i<span class=\"_ _0\"></span>nsur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>acts a<span class=\"_ _0\"></span>re ac<span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>nted for u<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>r the g<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>l meas<span class=\"_ _0\"></span>urem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t mod<span class=\"_ _0\"></span>el wh<span class=\"_ _0\"></span>ich m<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>ures a gr<span class=\"_ _0\"></span>oup of in<span class=\"_ _0\"></span>sura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts as the total of:<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"lsb ws12\">fulf<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt ca<span class=\"_ _0\"></span>sh f<span class=\"_ _0\"></span>lows<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">C<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>M represe<span class=\"_ _0\"></span>ntin<span class=\"_ _0\"></span>g the unea<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>ed prof<span class=\"_ _0\"></span>it the Grou<span class=\"_ _0\"></span>p will reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>e as it provides ser<span class=\"_ _3\"></span>vic<span class=\"_ _0\"></span>es unde<span class=\"_ _0\"></span>r the insur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e<span class=\"_ gsec\"> </span>co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></span>Fulfilment cash<span class=\"_ _1\"></span> flows<span class=\"_ _3b2\"> </span>Fulf<span class=\"_ _0\"></span>ilme<span class=\"_ _0\"></span>nt cas<span class=\"_ _0\"></span>h flows c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>ris<span class=\"_ _0\"></span>e unbias<span class=\"_ _0\"></span>ed an<span class=\"_ _0\"></span>d proba<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y-<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>ighted es<span class=\"_ _0\"></span>tima<span class=\"_ _0\"></span>tes of future cas<span class=\"_ _0\"></span>h flows<span class=\"_ _0\"></span>, disc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ted to present val<span class=\"_ _0\"></span>ue to refle<span class=\"_ _0\"></span>ct the ti<span class=\"_ _0\"></span>me value of mone<span class=\"_ _0\"></span>y and finan<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>l risks, plu<span class=\"_ _0\"></span>s a <span class=\"_ _1\"></span>risk adju<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent for non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial risk<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e Group\u2019s obje<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ve in estimatin<span class=\"_ _0\"></span>g futur<span class=\"_ _0\"></span>e cash flows is to <span class=\"_ _1\"></span>deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>e the expe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted value, or the prob<span class=\"_ _0\"></span>abil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y weighted me<span class=\"_ _0\"></span>an, of the full range of possi<span class=\"_ _0\"></span>ble ou<span class=\"_ _0\"></span>tcom<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, consi<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>ing all reaso<span class=\"_ _0\"></span>nabl<span class=\"_ _0\"></span>e and supp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e informati<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span> availab<span class=\"_ _0\"></span>le at the rep<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ing date with<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>t undu<span class=\"_ _0\"></span>e cos<span class=\"_ _0\"></span>t or effo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>. The Gr<span class=\"_ _0\"></span>oup es<span class=\"_ _0\"></span>timates fu<span class=\"_ _0\"></span>ture c<span class=\"_ _0\"></span>ash fl<span class=\"_ _0\"></span>ows cons<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>rin<span class=\"_ _0\"></span>g a range of sc<span class=\"_ _0\"></span>enar<span class=\"_ _0\"></span>ios wh<span class=\"_ _0\"></span>ich have co<span class=\"_ _0\"></span>mme<span class=\"_ _0\"></span>rcia<span class=\"_ _0\"></span>l subst<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e and give a go<span class=\"_ _0\"></span>od rep<span class=\"_ _0\"></span>rese<span class=\"_ _0\"></span>ntati<span class=\"_ _0\"></span>on of poss<span class=\"_ _0\"></span>ible o<span class=\"_ _0\"></span>utco<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>s. Th<span class=\"_ _0\"></span>e cash f<span class=\"_ _0\"></span>lows fro<span class=\"_ _0\"></span>m each sc<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ari<span class=\"_ _0\"></span>o are proba<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y-<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>ighted an<span class=\"_ _0\"></span>d disc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ted using cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nt assu<span class=\"_ _0\"></span>mpti<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Wh<span class=\"_ _0\"></span>en esti<span class=\"_ _0\"></span>matin<span class=\"_ _0\"></span>g fut<span class=\"_ _0\"></span>ure cas<span class=\"_ _0\"></span>h flows<span class=\"_ _0\"></span>, the Gro<span class=\"_ _0\"></span>up inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>es all cas<span class=\"_ _0\"></span>h flows that are wi<span class=\"_ _0\"></span>thin th<span class=\"_ _0\"></span>e cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t bou<span class=\"_ _0\"></span>ndar<span class=\"_ _3\"></span>y. <span class=\"_ _1\"></span>Th<span class=\"_ _0\"></span>e cash f<span class=\"_ _0\"></span>lows inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>e:<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">prem<span class=\"_ _0\"></span>iums a<span class=\"_ _0\"></span>nd rel<span class=\"_ _0\"></span>ated ca<span class=\"_ _0\"></span>sh f<span class=\"_ _0\"></span>lows<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">clai<span class=\"_ _0\"></span>ms and be<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>its<span class=\"_ _0\"></span>, inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>ing rep<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>ted claim<span class=\"_ _0\"></span>s not yet paid<span class=\"_ _0\"></span>, incu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d claim<span class=\"_ _0\"></span>s not yet rep<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d and expe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted futu<span class=\"_ _0\"></span>re claim<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t mana<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t cos<span class=\"_ _0\"></span>ts in<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>red i<span class=\"_ _0\"></span>n the p<span class=\"_ _0\"></span>rovisio<span class=\"_ _0\"></span>n of an inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt ret<span class=\"_ _0\"></span>urn s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e or to enh<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e the b<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>its of an i<span class=\"_ _0\"></span>nsur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>ct<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">paym<span class=\"_ _0\"></span>ents to p<span class=\"_ _0\"></span>olic<span class=\"_ _0\"></span>yh<span class=\"_ _0\"></span>old<span class=\"_ _0\"></span>ers r<span class=\"_ _0\"></span>esul<span class=\"_ _0\"></span>ting f<span class=\"_ _0\"></span>rom e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>edd<span class=\"_ _0\"></span>ed s<span class=\"_ _0\"></span>urre<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>er val<span class=\"_ _0\"></span>ue op<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">an allo<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>tion of in<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e acq<span class=\"_ _0\"></span>uisi<span class=\"_ _0\"></span>tion c<span class=\"_ _0\"></span>ash f<span class=\"_ _0\"></span>lows at<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>uta<span class=\"_ _0\"></span>ble to th<span class=\"_ _0\"></span>e po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>folio to whi<span class=\"_ _0\"></span>ch th<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>ct b<span class=\"_ _0\"></span>elo<span class=\"_ _0\"></span>ngs<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"lse ws17\">claims handling costs<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">pol<span class=\"_ _0\"></span>icy adm<span class=\"_ _0\"></span>inis<span class=\"_ _0\"></span>tratio<span class=\"_ _0\"></span>n and main<span class=\"_ _0\"></span>tenan<span class=\"_ _0\"></span>ce co<span class=\"_ _0\"></span>sts<span class=\"_ _0\"></span>, incl<span class=\"_ _0\"></span>udin<span class=\"_ _0\"></span>g recu<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>ing co<span class=\"_ _0\"></span>mm<span class=\"_ _0\"></span>issio<span class=\"_ _0\"></span>ns that are exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted to be paid to <span class=\"_ _1\"></span>inter<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>diar<span class=\"_ _0\"></span>ies for fu<span class=\"_ _0\"></span>ture se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">an allo<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>tion of f<span class=\"_ _0\"></span>ixe<span class=\"_ _0\"></span>d and va<span class=\"_ _0\"></span>riab<span class=\"_ _0\"></span>le over<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>ads di<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>tly at<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>tab<span class=\"_ _0\"></span>le to fulf<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>ling in<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4 ls10 ws12\">transaction<span class=\"_ _0\"></span>-based taxes.<span class=\"_ _3b2\"> </span></span>Th<span class=\"_ _0\"></span>e Group in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ates, in an unb<span class=\"_ _0\"></span>iase<span class=\"_ _0\"></span>d way<span class=\"_ _1\"></span>, all reason<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e and sup<span class=\"_ _0\"></span>por<span class=\"_ _3\"></span>tabl<span class=\"_ _0\"></span>e inform<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n availabl<span class=\"_ _0\"></span>e witho<span class=\"_ _0\"></span>ut un<span class=\"_ _0\"></span>due c<span class=\"_ _0\"></span>ost or ef<span class=\"_ _0\"></span>for<span class=\"_ _3\"></span>t abou<span class=\"_ _0\"></span>t the am<span class=\"_ _0\"></span>ount<span class=\"_ _0\"></span>, timin<span class=\"_ _0\"></span>g and unce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>aint<span class=\"_ _0\"></span>y of those futu<span class=\"_ _0\"></span>re cash flows<span class=\"_ _0\"></span>. The Grou<span class=\"_ _0\"></span>p estima<span class=\"_ _0\"></span>tes the probab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es and amou<span class=\"_ _0\"></span>nts of future paym<span class=\"_ _0\"></span>ents und<span class=\"_ _0\"></span>er exist<span class=\"_ _0\"></span>ing con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>cts<span class=\"_ _0\"></span> base<span class=\"_ _0\"></span>d on inform<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n obtai<span class=\"_ _0\"></span>ned<span class=\"_ _0\"></span>, inc<span class=\"_ _0\"></span>ludi<span class=\"_ _0\"></span>ng:<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">inform<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n abo<span class=\"_ _0\"></span>ut c<span class=\"_ _0\"></span>laim<span class=\"_ _0\"></span>s alrea<span class=\"_ _0\"></span>dy rep<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>ted by po<span class=\"_ _0\"></span>licy<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>lde<span class=\"_ _0\"></span>rs<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">othe<span class=\"_ _0\"></span>r inform<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n abo<span class=\"_ _0\"></span>ut t<span class=\"_ _0\"></span>he k<span class=\"_ _0\"></span>nown o<span class=\"_ _0\"></span>r esti<span class=\"_ _0\"></span>mated c<span class=\"_ _0\"></span>hara<span class=\"_ _0\"></span>cter<span class=\"_ _0\"></span>isti<span class=\"_ _0\"></span>cs of th<span class=\"_ _0\"></span>e insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">histor<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>al data abo<span class=\"_ _0\"></span>ut th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p\u2019s own <span class=\"_ _1\"></span>exp<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ien<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>, supp<span class=\"_ _0\"></span>lem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ted when ne<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y, with data fro<span class=\"_ _0\"></span>m other so<span class=\"_ _0\"></span>urc<span class=\"_ _0\"></span>es (his<span class=\"_ _0\"></span>tori<span class=\"_ _0\"></span>cal dat<span class=\"_ _0\"></span>a is adjusted<span class=\"_ _0\"></span> </span>to<span class=\"_ gsec\"> </span>refle<span class=\"_ _0\"></span>ct cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nt co<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s)<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">cur<span class=\"_ _0\"></span>rent pr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ing infor<span class=\"_ _0\"></span>matio<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>, when availa<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></span>Th<span class=\"_ _0\"></span>e meas<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t of fulf<span class=\"_ _0\"></span>ilm<span class=\"_ _0\"></span>ent c<span class=\"_ _0\"></span>ash f<span class=\"_ _0\"></span>lows i<span class=\"_ _0\"></span>ncl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>s insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce ac<span class=\"_ _0\"></span>quis<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>n ca<span class=\"_ _0\"></span>sh f<span class=\"_ _0\"></span>lows whi<span class=\"_ _0\"></span>ch are al<span class=\"_ _0\"></span>loc<span class=\"_ _0\"></span>ated as a p<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>tion of pre<span class=\"_ _0\"></span>miu<span class=\"_ _0\"></span>m to profi<span class=\"_ _0\"></span>t or l<span class=\"_ _0\"></span>oss<span class=\"_ _0\"></span> (throu<span class=\"_ _0\"></span>gh insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce reven<span class=\"_ _0\"></span>ue) over the per<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d of the contr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>. Pre<span class=\"_ _0\"></span>-<span class=\"_ _3\"></span>reco<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n, ins<span class=\"_ _0\"></span>ura<span class=\"_ _0\"></span>nce ac<span class=\"_ _0\"></span>quis<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>n cas<span class=\"_ _0\"></span>h flow ass<span class=\"_ _0\"></span>ets are rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nized on th<span class=\"_ _0\"></span>e balan<span class=\"_ _0\"></span>ce she<span class=\"_ _0\"></span>et pr<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>r to allocati<span class=\"_ _0\"></span>on to new insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts and<span class=\"_ _0\"></span> are con<span class=\"_ _0\"></span>side<span class=\"_ _0\"></span>red for im<span class=\"_ _0\"></span>pair<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt at each re<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g date.<span class=\"_ _3b2\"> </span>Risk adjustment<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e risk a<span class=\"_ _0\"></span>djus<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt for no<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>ial r<span class=\"_ _0\"></span>isk for a G<span class=\"_ _0\"></span>roup of in<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts ref<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>cts t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>satio<span class=\"_ _0\"></span>n that th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up wou<span class=\"_ _0\"></span>ld req<span class=\"_ _0\"></span>uire for b<span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span> unc<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>taint<span class=\"_ _0\"></span>y ab<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>t the amo<span class=\"_ _0\"></span>unt and ti<span class=\"_ _0\"></span>ming of the ca<span class=\"_ _0\"></span>sh fl<span class=\"_ _0\"></span>ows that arise<span class=\"_ _0\"></span>s from no<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-f<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial risk af<span class=\"_ _0\"></span>ter di<span class=\"_ _0\"></span>versi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>cati<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>. The G<span class=\"_ _0\"></span>roup\u2019s risk adj<span class=\"_ _0\"></span>ustm<span class=\"_ _0\"></span>ent is<span class=\"_ _0\"></span> cali<span class=\"_ _0\"></span>brated us<span class=\"_ _0\"></span>ing a Value at Risk (<span class=\"_ _0\"></span>VAR) meth<span class=\"_ _0\"></span>odo<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>gy. In some cas<span class=\"_ _0\"></span>es, th<span class=\"_ _0\"></span>e com<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nsati<span class=\"_ _0\"></span>on for risk o<span class=\"_ _0\"></span>n reinsu<span class=\"_ _0\"></span>red bu<span class=\"_ _0\"></span>sine<span class=\"_ _0\"></span>ss is linked dir<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tly to the pric<span class=\"_ _0\"></span>e paid for rein<span class=\"_ _0\"></span>sura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e. Discounting<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e insur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>t fulf<span class=\"_ _0\"></span>ilm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t cash f<span class=\"_ _0\"></span>lows are disc<span class=\"_ _0\"></span>ounte<span class=\"_ _0\"></span>d at rates that refle<span class=\"_ _0\"></span>ct th<span class=\"_ _0\"></span>e char<span class=\"_ _0\"></span>acte<span class=\"_ _0\"></span>rist<span class=\"_ _0\"></span>ics of the ins<span class=\"_ _0\"></span>uran<span class=\"_ _0\"></span>ce c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>ese<span class=\"_ gsec\"> </span>are<span class=\"_ gsec\"> </span>d<span class=\"_ _0\"></span>eter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ed by star<span class=\"_ _3\"></span>ting fro<span class=\"_ _0\"></span>m an appro<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>iate asset po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>foli<span class=\"_ _0\"></span>o with de<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns to remove risks in th<span class=\"_ _0\"></span>e assets th<span class=\"_ _0\"></span>at are not prese<span class=\"_ _0\"></span>nt in<span class=\"_ gsec\"> </span>the<span class=\"_ gsec\"> </span>i<span class=\"_ _0\"></span>nsur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e liabi<span class=\"_ _0\"></span>liti<span class=\"_ _0\"></span>es.<span class=\"_ _3b2\"> </span>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 se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e ma<span class=\"_ _0\"></span>rg<span class=\"_ _0\"></span>in (C<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>M)<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p\u2019s CS<span class=\"_ _0\"></span>M is a c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ent of t<span class=\"_ _0\"></span>he ass<span class=\"_ _0\"></span>et or li<span class=\"_ _0\"></span>abili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y for th<span class=\"_ _0\"></span>e grou<span class=\"_ _0\"></span>p of insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>s that re<span class=\"_ _0\"></span>pres<span class=\"_ _0\"></span>ents t<span class=\"_ _0\"></span>he un<span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>d prof<span class=\"_ _0\"></span>it th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up will<span class=\"_ gsec\"> </span>re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise as it prov<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>s ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>es in the fu<span class=\"_ _0\"></span>ture. T<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up mea<span class=\"_ _0\"></span>sures th<span class=\"_ _0\"></span>e CS<span class=\"_ _0\"></span>M on in<span class=\"_ _0\"></span>itial re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n at an amoun<span class=\"_ _0\"></span>t that, un<span class=\"_ _0\"></span>les<span class=\"_ _0\"></span>s the grou<span class=\"_ _0\"></span>p of<span class=\"_ gsec\"> </span>con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts is one<span class=\"_ _0\"></span>rous<span class=\"_ _0\"></span>, resul<span class=\"_ _0\"></span>ts in no inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e or exp<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>es arisi<span class=\"_ _0\"></span>ng fro<span class=\"_ _0\"></span>m:<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">init<span class=\"_ _0\"></span>ial re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnit<span class=\"_ _0\"></span>ion of th<span class=\"_ _0\"></span>e ful<span class=\"_ _0\"></span>fil<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt cas<span class=\"_ _0\"></span>h fl<span class=\"_ _0\"></span>ows<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">any cas<span class=\"_ _0\"></span>h fl<span class=\"_ _0\"></span>ows aris<span class=\"_ _0\"></span>ing fr<span class=\"_ _0\"></span>om th<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts in t<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up at th<span class=\"_ _0\"></span>at date<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">the de<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>niti<span class=\"_ _0\"></span>on at the date of initial re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of:</span> <span class=\"_ _9f\"></span><span class=\"ff4\">\u2212<span class=\"_ _21\"> </span><span class=\"ff3 ls9\">any asset fo<span class=\"_ _0\"></span>r insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce ac<span class=\"_ _0\"></span>quisi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n cas<span class=\"_ _0\"></span>h fl<span class=\"_ _0\"></span>ows</span></span> <span class=\"_ _9f\"></span><span class=\"ff4\">\u2212<span class=\"_ _21\"> </span><span class=\"ls9 ws15\">any other asse<span class=\"_ _0\"></span>t or liabi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y prev<span class=\"_ _0\"></span>iou<span class=\"_ _0\"></span>sly re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d relate<span class=\"_ _0\"></span>d to <span class=\"_ _1\"></span>the gro<span class=\"_ _0\"></span>up of insur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></span></span>Onerous contracts<span class=\"_ _3b2\"> </span>For gro<span class=\"_ _0\"></span>ups of con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts asse<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>d as oner<span class=\"_ _0\"></span>ous<span class=\"_ _0\"></span>, the Gro<span class=\"_ _0\"></span>up rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nises a los<span class=\"_ _0\"></span>s in profi<span class=\"_ _0\"></span>t or los<span class=\"_ _0\"></span>s for the net ou<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>fl<span class=\"_ _0\"></span>ow, resultin<span class=\"_ _0\"></span>g in the car<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<span class=\"_ gsec\"> </span>the liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y for the Gr<span class=\"_ _0\"></span>oup be<span class=\"_ _0\"></span>ing e<span class=\"_ _0\"></span>qual to the fulf<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t cash f<span class=\"_ _0\"></span>lows and th<span class=\"_ _0\"></span>e CS<span class=\"_ _0\"></span>M of the Grou<span class=\"_ _0\"></span>p bein<span class=\"_ _0\"></span>g zero. A loss c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ent is est<span class=\"_ _0\"></span>ablis<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>d by the<span class=\"_ gsec\"> </span>G<span class=\"_ _0\"></span>roup for the li<span class=\"_ _0\"></span>abili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y for remain<span class=\"_ _0\"></span>ing cove<span class=\"_ _0\"></span>rag<span class=\"_ _0\"></span>e for an one<span class=\"_ _0\"></span>rous gro<span class=\"_ _0\"></span>up, whic<span class=\"_ _0\"></span>h repr<span class=\"_ _0\"></span>ese<span class=\"_ _0\"></span>nts the los<span class=\"_ _0\"></span>ses re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d.<span class=\"_ _3b2\"> </span>Reinsurance<span class=\"_ _1\"></span> contracts \u2013<span class=\"_ _1\"></span> initi<span class=\"_ _1\"></span>al me<span class=\"_ _1\"></span>asurement<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e initia<span class=\"_ _0\"></span>l measu<span class=\"_ _0\"></span>rem<span class=\"_ _0\"></span>ent of reins<span class=\"_ _0\"></span>ura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>ts held foll<span class=\"_ _0\"></span>ows the sam<span class=\"_ _0\"></span>e prin<span class=\"_ _0\"></span>cip<span class=\"_ _0\"></span>les as tho<span class=\"_ _0\"></span>se for insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts iss<span class=\"_ _0\"></span>ued<span class=\"_ _0\"></span>, wit<span class=\"_ _0\"></span>h the except<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span> of<span class=\"_ gsec\"> </span>the followi<span class=\"_ _0\"></span>ng:<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">reins<span class=\"_ _0\"></span>ura<span class=\"_ _0\"></span>nce c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>ts are reco<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>sed fro<span class=\"_ _0\"></span>m the ear<span class=\"_ _0\"></span>lie<span class=\"_ _0\"></span>r of the following<span class=\"_ _0\"></span>:</span> <span class=\"_ _9f\"></span><span class=\"ff4\">\u2212<span class=\"_ _21\"> </span><span class=\"ff3 ls9\">the be<span class=\"_ _0\"></span>ginn<span class=\"_ _0\"></span>ing of th<span class=\"_ _0\"></span>e cove<span class=\"_ _0\"></span>rag<span class=\"_ _0\"></span>e per<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d</span></span> <span class=\"_ _9f\"></span><span class=\"ff4\">\u2212<span class=\"_ _21\"> </span><span class=\"ls9 ws15\">the date the enti<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>es an one<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>s group of und<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>lyi<span class=\"_ _0\"></span>ng insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts<span class=\"_ _0\"></span>, if the ent<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y entere<span class=\"_ _0\"></span>d into the relate<span class=\"_ _0\"></span>d reinsu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce </span></span>con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>t<span class=\"_ gsec\"> </span>he<span class=\"_ _0\"></span>ld in the gro<span class=\"_ _0\"></span>up of reinsu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts he<span class=\"_ _0\"></span>ld at or before th<span class=\"_ _0\"></span>at date.<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">meas<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t of the cash fl<span class=\"_ _0\"></span>ows incl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>s an allowan<span class=\"_ _0\"></span>ce on a prob<span class=\"_ _0\"></span>abili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>weigh<span class=\"_ _0\"></span>ted basis for the ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t of any non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>man<span class=\"_ _0\"></span>ce by the rei<span class=\"_ _0\"></span>nsure<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>, </span>inc<span class=\"_ _0\"></span>ludi<span class=\"_ _0\"></span>ng th<span class=\"_ _0\"></span>e ef<span class=\"_ _0\"></span>fects of c<span class=\"_ _0\"></span>oll<span class=\"_ _0\"></span>ateral an<span class=\"_ _0\"></span>d los<span class=\"_ _0\"></span>ses f<span class=\"_ _0\"></span>rom dis<span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>tes<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">the G<span class=\"_ _0\"></span>roup d<span class=\"_ _0\"></span>eter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>es the r<span class=\"_ _0\"></span>isk ad<span class=\"_ _0\"></span>just<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t for no<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-f<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial ris<span class=\"_ _0\"></span>k so tha<span class=\"_ _0\"></span>t it re<span class=\"_ _0\"></span>prese<span class=\"_ _0\"></span>nts th<span class=\"_ _0\"></span>e am<span class=\"_ _0\"></span>ount of r<span class=\"_ _0\"></span>isk b<span class=\"_ _0\"></span>ein<span class=\"_ _0\"></span>g tran<span class=\"_ _0\"></span>sferre<span class=\"_ _0\"></span>d to the rei<span class=\"_ _0\"></span>nsu<span class=\"_ _0\"></span>rer<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">both d<span class=\"_ _0\"></span>ay one g<span class=\"_ _0\"></span>ains an<span class=\"_ _0\"></span>d day on<span class=\"_ _0\"></span>e los<span class=\"_ _0\"></span>ses a<span class=\"_ _0\"></span>re not re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d at ini<span class=\"_ _0\"></span>tial re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>n in th<span class=\"_ _0\"></span>e statem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t of fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial po<span class=\"_ _0\"></span>siti<span class=\"_ _0\"></span>on b<span class=\"_ _0\"></span>ut are d<span class=\"_ _0\"></span>efer<span class=\"_ _0\"></span>red in<span class=\"_ _0\"></span>to </span>the<span class=\"_ gsec\"> </span>C<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>M and rel<span class=\"_ _0\"></span>ease<span class=\"_ _0\"></span>d to profit o<span class=\"_ _0\"></span>r loss as the rei<span class=\"_ _0\"></span>nsure<span class=\"_ _0\"></span>r rend<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>es, exc<span class=\"_ _0\"></span>ept for any po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of a day 1 <span class=\"_ _1\"></span>loss th<span class=\"_ _0\"></span>at relates to events before<span class=\"_ _0\"></span> init<span class=\"_ _0\"></span>ial<span class=\"_ gsec\"> </span>re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnit<span class=\"_ _0\"></span>ion<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">if the rein<span class=\"_ _0\"></span>sura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t is reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed pr<span class=\"_ _0\"></span>ior to a loss<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>ki<span class=\"_ _0\"></span>ng und<span class=\"_ _0\"></span>erl<span class=\"_ _0\"></span>yi<span class=\"_ _0\"></span>ng co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>, the reins<span class=\"_ _0\"></span>ura<span class=\"_ _0\"></span>nce C<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>M can b<span class=\"_ _0\"></span>e adjuste<span class=\"_ _0\"></span>d to o<span class=\"_ _1\"></span>f<span class=\"_ _0\"></span>fset a po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of </span>the inc<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>tion lo<span class=\"_ _0\"></span>ss (the los<span class=\"_ _0\"></span>s rec<span class=\"_ _0\"></span>over<span class=\"_ _0\"></span>y co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ent). This of<span class=\"_ _0\"></span>fset<span class=\"_ _0\"></span>s a por<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on of the los<span class=\"_ _0\"></span>s rec<span class=\"_ _0\"></span>ogni<span class=\"_ _0\"></span>sed on in<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>n of the unde<span class=\"_ _0\"></span>rl<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g one<span class=\"_ _0\"></span>rous co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Lo<span class=\"_ _0\"></span>ng te<span class=\"_ _0\"></span>rm in<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nc<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>ts \u2013 su<span class=\"_ _0\"></span>bse<span class=\"_ _0\"></span>q<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span>nt me<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Group m<span class=\"_ _0\"></span>easu<span class=\"_ _0\"></span>res the ca<span class=\"_ _0\"></span>rr<span class=\"_ _3\"></span>ying am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t of a <span class=\"_ _1\"></span>grou<span class=\"_ _0\"></span>p of insura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>ts at the end of eac<span class=\"_ _0\"></span>h repo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng per<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d as the sum of:<span class=\"_ _0\"></span> (i) <span class=\"_ _36\"> </span> <span class=\"_ _17\"></span>th<span class=\"_ _0\"></span>e liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y fo<span class=\"_ _0\"></span>r remai<span class=\"_ _0\"></span>nin<span class=\"_ _0\"></span>g cover<span class=\"_ _0\"></span>age c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pri<span class=\"_ _0\"></span>sing f<span class=\"_ _0\"></span>ulf<span class=\"_ _0\"></span>ilm<span class=\"_ _0\"></span>ent c<span class=\"_ _0\"></span>ash f<span class=\"_ _0\"></span>lows re<span class=\"_ _0\"></span>lated to fu<span class=\"_ _0\"></span>ture se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce al<span class=\"_ _0\"></span>loc<span class=\"_ _0\"></span>ated to the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p at that da<span class=\"_ _0\"></span>te and the C<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>M of the Gro<span class=\"_ _0\"></span>up at th<span class=\"_ _0\"></span>at date<span class=\"_ _3b2\"> </span>(ii) <span class=\"_ _c\"> </span>t<span class=\"_ _0\"></span>he liabi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y for inc<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>red cla<span class=\"_ _0\"></span>ims for the Gro<span class=\"_ _0\"></span>up ref<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>ctin<span class=\"_ _0\"></span>g the fulf<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t cash f<span class=\"_ _0\"></span>lows related to past se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce all<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>ated to the Group at that date.<span class=\"_ _3b2\"> </span>Contractual ser<span class=\"_ _0\"></span>vice margin \u2013<span class=\"_ _1\"></span> measurement<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e C<span class=\"_ _0\"></span>SM at t<span class=\"_ _0\"></span>he en<span class=\"_ _0\"></span>d of the re<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d rep<span class=\"_ _0\"></span>rese<span class=\"_ _0\"></span>nts th<span class=\"_ _0\"></span>e prof<span class=\"_ _0\"></span>it in t<span class=\"_ _0\"></span>he gro<span class=\"_ _0\"></span>up of ins<span class=\"_ _0\"></span>ura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts th<span class=\"_ _0\"></span>at has not ye<span class=\"_ _0\"></span>t be<span class=\"_ _0\"></span>en re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed in p<span class=\"_ _0\"></span>rof<span class=\"_ _0\"></span>it or<span class=\"_ _0\"></span> loss<span class=\"_ _0\"></span>, be<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>use it rel<span class=\"_ _0\"></span>ates to future ser<span class=\"_ _3\"></span>vic<span class=\"_ _0\"></span>e to be provide<span class=\"_ _0\"></span>d.<span class=\"_ _3b2\"> </span>For a G<span class=\"_ _0\"></span>roup of i<span class=\"_ _0\"></span>nsur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts th<span class=\"_ _0\"></span>e ca<span class=\"_ _0\"></span>rr<span class=\"_ _3\"></span>ying a<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt of the C<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>M of tha<span class=\"_ _0\"></span>t grou<span class=\"_ _0\"></span>p at the e<span class=\"_ _0\"></span>nd of the r<span class=\"_ _0\"></span>epo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>od e<span class=\"_ _0\"></span>qual<span class=\"_ _0\"></span>s the c<span class=\"_ _0\"></span>arr<span class=\"_ _3\"></span>yin<span class=\"_ _0\"></span>g amo<span class=\"_ _0\"></span>unt at<span class=\"_ gsec\"> </span>the be<span class=\"_ _0\"></span>gin<span class=\"_ _0\"></span>ning of the re<span class=\"_ _0\"></span>por<span class=\"_ _3\"></span>ting pe<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>od adju<span class=\"_ _0\"></span>sted for<span class=\"_ _0\"></span>:<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">the ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t of any ne<span class=\"_ _0\"></span>w con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts ad<span class=\"_ _0\"></span>ded<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">interes<span class=\"_ _0\"></span>t acc<span class=\"_ _0\"></span>reted on th<span class=\"_ _0\"></span>e car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>yi<span class=\"_ _0\"></span>ng amo<span class=\"_ _0\"></span>unt of the C<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>M duri<span class=\"_ _0\"></span>ng the rep<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>ting pe<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>, measu<span class=\"_ _0\"></span>red at the dis<span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>nt rates at initi<span class=\"_ _0\"></span>al rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>n<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>s in fulf<span class=\"_ _0\"></span>ilm<span class=\"_ _0\"></span>ent ca<span class=\"_ _0\"></span>sh fl<span class=\"_ _0\"></span>ows relatin<span class=\"_ _0\"></span>g to future ser<span class=\"_ _3\"></span>vic<span class=\"_ _0\"></span>e, exce<span class=\"_ _0\"></span>pt to the exten<span class=\"_ _0\"></span>t that<span class=\"_ _0\"></span>:</span> <span class=\"_ _9f\"></span><span class=\"ff4\">\u2212<span class=\"_ _21\"> </span><span class=\"ls9 ws15\">such in<span class=\"_ _0\"></span>crea<span class=\"_ _0\"></span>ses in the fu<span class=\"_ _0\"></span>lf<span class=\"_ _0\"></span>ilme<span class=\"_ _0\"></span>nt cas<span class=\"_ _0\"></span>h flows exce<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d the cur<span class=\"_ _0\"></span>rent c<span class=\"_ _0\"></span>arr<span class=\"_ _3\"></span>yin<span class=\"_ _0\"></span>g amou<span class=\"_ _0\"></span>nt of the CS<span class=\"_ _0\"></span>M<span class=\"_ _0\"></span>, givi<span class=\"_ _0\"></span>ng ris<span class=\"_ _0\"></span>e to <span class=\"_ _1\"></span>a loss<span class=\"_ _0\"></span>; or</span></span> <span class=\"_ _9f\"></span><span class=\"ff4\">\u2212<span class=\"_ _21\"> </span><span class=\"ff3 ls9\">such d<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>rease<span class=\"_ _0\"></span>s in th<span class=\"_ _0\"></span>e fulf<span class=\"_ _0\"></span>ilm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t cas<span class=\"_ _0\"></span>h fl<span class=\"_ _0\"></span>ows are allo<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>ted to the lo<span class=\"_ _0\"></span>ss co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ent of th<span class=\"_ _0\"></span>e liabi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y for re<span class=\"_ _0\"></span>mai<span class=\"_ _0\"></span>ning c<span class=\"_ _0\"></span>over<span class=\"_ _0\"></span>age<span class=\"_ _3b2\"> </span></span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">the am<span class=\"_ _0\"></span>ount re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed as insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce reven<span class=\"_ _0\"></span>ue be<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>use of the tran<span class=\"_ _0\"></span>sfer of ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ice<span class=\"_ _0\"></span>s in the pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d, de<span class=\"_ _0\"></span>term<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d by alloc<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of the CS<span class=\"_ _0\"></span>M at the end<span class=\"_ _0\"></span> </span>of the pe<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>od over t<span class=\"_ _0\"></span>he cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nt an<span class=\"_ _0\"></span>d rema<span class=\"_ _0\"></span>inin<span class=\"_ _0\"></span>g cover<span class=\"_ _0\"></span>age p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iod<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">the ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t of any curren<span class=\"_ _0\"></span>cy exch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e dif<span class=\"_ _0\"></span>feren<span class=\"_ _0\"></span>ces o<span class=\"_ _0\"></span>n the C<span class=\"_ _0\"></span>SM<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></span>Th<span class=\"_ _0\"></span>e chan<span class=\"_ _0\"></span>ges in ful<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>lme<span class=\"_ _0\"></span>nt cas<span class=\"_ _0\"></span>h flows rel<span class=\"_ _0\"></span>ating to futu<span class=\"_ _0\"></span>re ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e that adjus<span class=\"_ _0\"></span>t the C<span class=\"_ _0\"></span>SM c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>ris<span class=\"_ _0\"></span>e:<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">exp<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ce adj<span class=\"_ _0\"></span>ustm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s that ar<span class=\"_ _0\"></span>ise fr<span class=\"_ _0\"></span>om th<span class=\"_ _0\"></span>e dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en th<span class=\"_ _0\"></span>e pre<span class=\"_ _0\"></span>mium re<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ipts (net of refu<span class=\"_ _0\"></span>nds) and any re<span class=\"_ _0\"></span>lated c<span class=\"_ _0\"></span>ash f<span class=\"_ _0\"></span>lows su<span class=\"_ _0\"></span>ch as<span class=\"_ _0\"></span> </span>insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce acq<span class=\"_ _0\"></span>uisi<span class=\"_ _0\"></span>tion c<span class=\"_ _0\"></span>ash f<span class=\"_ _0\"></span>lows and insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce pre<span class=\"_ _0\"></span>miu<span class=\"_ _0\"></span>m taxes and th<span class=\"_ _0\"></span>e estim<span class=\"_ _0\"></span>ate, at the be<span class=\"_ _0\"></span>ginn<span class=\"_ _0\"></span>ing of the pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d, of the am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ts expe<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d. Dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>es rel<span class=\"_ _0\"></span>ated to prem<span class=\"_ _0\"></span>iums re<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ive<span class=\"_ _0\"></span>d (or due) in resp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t of cur<span class=\"_ _0\"></span>rent o<span class=\"_ _0\"></span>r pas<span class=\"_ _0\"></span>t ser<span class=\"_ _3\"></span>vice<span class=\"_ _0\"></span>s are re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed im<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>diatel<span class=\"_ _0\"></span>y in prof<span class=\"_ _0\"></span>it o<span class=\"_ _0\"></span>r los<span class=\"_ _0\"></span>s whil<span class=\"_ _0\"></span>e dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>s relate<span class=\"_ _0\"></span>d to premi<span class=\"_ _0\"></span>ums re<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ived (or du<span class=\"_ _0\"></span>e) for futu<span class=\"_ _0\"></span>re ser<span class=\"_ _3\"></span>vice<span class=\"_ _0\"></span>s are ad<span class=\"_ _0\"></span>justed i<span class=\"_ _0\"></span>n the C<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>M<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>s in estim<span class=\"_ _0\"></span>ates of the presen<span class=\"_ _0\"></span>t value of futu<span class=\"_ _0\"></span>re cash f<span class=\"_ _0\"></span>lows in the lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y for remain<span class=\"_ _0\"></span>ing cove<span class=\"_ _0\"></span>rag<span class=\"_ _0\"></span>e, exce<span class=\"_ _0\"></span>pt thos<span class=\"_ _0\"></span>e relatin<span class=\"_ _0\"></span>g to the time value<span class=\"_ _0\"></span> </span>of<span class=\"_ gsec\"> </span>mon<span class=\"_ _0\"></span>ey and ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>es in fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>ial ris<span class=\"_ _0\"></span>k (which are instea<span class=\"_ _0\"></span>d reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed in th<span class=\"_ _0\"></span>e stateme<span class=\"_ _0\"></span>nt of profi<span class=\"_ _0\"></span>t or los<span class=\"_ _0\"></span>s and othe<span class=\"_ _0\"></span>r com<span class=\"_ _0\"></span>pre<span class=\"_ _0\"></span>hen<span class=\"_ _0\"></span>sive inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e)<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>s be<span class=\"_ _0\"></span>twe<span class=\"_ _0\"></span>en a<span class=\"_ _0\"></span>ny investm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t co<span class=\"_ _0\"></span>mpo<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>nt exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted to be<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me pay<span class=\"_ _0\"></span>able i<span class=\"_ _0\"></span>n the p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iod a<span class=\"_ _0\"></span>nd th<span class=\"_ _0\"></span>e actu<span class=\"_ _0\"></span>al inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ent t<span class=\"_ _0\"></span>hat </span>be<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>mes p<span class=\"_ _0\"></span>ayabl<span class=\"_ _0\"></span>e in the p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>s in the risk adju<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent for no<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-f<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial ris<span class=\"_ _0\"></span>k that relate to future se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce.<span class=\"_ _3b2\"> </span></span>Adjus<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nts to the C<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>M n<span class=\"_ _0\"></span>oted above a<span class=\"_ _0\"></span>re mea<span class=\"_ _0\"></span>sure<span class=\"_ _0\"></span>d at disc<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nt rates th<span class=\"_ _0\"></span>at refl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t the c<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>acter<span class=\"_ _0\"></span>isti<span class=\"_ _0\"></span>cs of th<span class=\"_ _0\"></span>e cas<span class=\"_ _0\"></span>h fl<span class=\"_ _0\"></span>ows of the gro<span class=\"_ _0\"></span>up of ins<span class=\"_ _0\"></span>ura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts at initi<span class=\"_ _0\"></span>al rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>on (i.e<span class=\"_ _0\"></span>. the weighte<span class=\"_ _0\"></span>d average of the rates ap<span class=\"_ _0\"></span>plic<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e at the date of initial rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nit<span class=\"_ _0\"></span>ion of con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts that joi<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>d a group over a 1<span class=\"_ _1\"></span>2-<span class=\"_ _0\"></span>mon<span class=\"_ _0\"></span>th per<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d).<span class=\"_ _3b2\"> </span>Onerous contracts<span class=\"_ _3b2\"> </span>Grou<span class=\"_ _0\"></span>ps of co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts th<span class=\"_ _0\"></span>at were n<span class=\"_ _0\"></span>ot one<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>s at ini<span class=\"_ _0\"></span>tial re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>tion c<span class=\"_ _0\"></span>an su<span class=\"_ _0\"></span>bse<span class=\"_ _0\"></span>que<span class=\"_ _0\"></span>ntl<span class=\"_ _0\"></span>y be<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me o<span class=\"_ _0\"></span>nero<span class=\"_ _0\"></span>us if as<span class=\"_ _0\"></span>sum<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>ns and ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e ex<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>guis<span class=\"_ _0\"></span>h the<span class=\"_ _0\"></span> C<span class=\"_ _0\"></span>SM<span class=\"_ _0\"></span>. In this case, the Grou<span class=\"_ _0\"></span>p estab<span class=\"_ _0\"></span>lishe<span class=\"_ _0\"></span>s a <span class=\"_ _1\"></span>los<span class=\"_ _0\"></span>s comp<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ent for the futu<span class=\"_ _0\"></span>re losse<span class=\"_ _0\"></span>s reco<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d. Th<span class=\"_ _0\"></span>e loss co<span class=\"_ _0\"></span>mpo<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>nt is release<span class=\"_ _0\"></span>d based on a systemati<span class=\"_ _0\"></span>c allo<span class=\"_ _0\"></span>cati<span class=\"_ _0\"></span>on of the subs<span class=\"_ _0\"></span>equ<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t chan<span class=\"_ _0\"></span>ges in the fu<span class=\"_ _0\"></span>lf<span class=\"_ _0\"></span>ilm<span class=\"_ _0\"></span>ent cas<span class=\"_ _0\"></span>h fl<span class=\"_ _0\"></span>ows to: <span class=\"_ _1\"></span>(i) the lo<span class=\"_ _0\"></span>ss co<span class=\"_ _0\"></span>mpo<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>; and (ii) the lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y for remain<span class=\"_ _0\"></span>ing cove<span class=\"_ _0\"></span>rag<span class=\"_ _0\"></span>e excludi<span class=\"_ _0\"></span>ng the los<span class=\"_ _0\"></span>s com<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>nt. T<span class=\"_ _0\"></span>he los<span class=\"_ _0\"></span>s com<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>nt is also upda<span class=\"_ _0\"></span>ted for subse<span class=\"_ _0\"></span>que<span class=\"_ _0\"></span>nt ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>es in esti<span class=\"_ _0\"></span>mates of the fulf<span class=\"_ _0\"></span>ilm<span class=\"_ _0\"></span>ent c<span class=\"_ _0\"></span>ash fl<span class=\"_ _0\"></span>ows related to futu<span class=\"_ _0\"></span>re ser<span class=\"_ _3\"></span>vice<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e systemat<span class=\"_ _0\"></span>ic allo<span class=\"_ _0\"></span>cati<span class=\"_ _0\"></span>on of subse<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>ent ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>es to the loss co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ent res<span class=\"_ _0\"></span>ults in th<span class=\"_ _0\"></span>e total amoun<span class=\"_ _0\"></span>ts allo<span class=\"_ _0\"></span>cated to the los<span class=\"_ _0\"></span>s com<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>nen<span class=\"_ _0\"></span>t bei<span class=\"_ _0\"></span>ng equ<span class=\"_ _0\"></span>al to zero by the end of the covera<span class=\"_ _0\"></span>ge pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d of a group of contr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>s (<span class=\"_ _1\"></span>sinc<span class=\"_ _0\"></span>e the los<span class=\"_ _0\"></span>s com<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>nt will have material<span class=\"_ _0\"></span>ised in th<span class=\"_ _0\"></span>e form of inc<span class=\"_ _0\"></span>urre<span class=\"_ _0\"></span>d clai<span class=\"_ _0\"></span>ms). The loss co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ent en<span class=\"_ _0\"></span>sure<span class=\"_ _0\"></span>s that over the dur<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of the contr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t, the c<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>t amou<span class=\"_ _0\"></span>nts are rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d as insur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e revenu<span class=\"_ _0\"></span>e and ins<span class=\"_ _0\"></span>uran<span class=\"_ _0\"></span>ce se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce exp<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>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 se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e ma<span class=\"_ _0\"></span>rg<span class=\"_ _0\"></span>in (C<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>M) \u2013 r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>gn<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e amou<span class=\"_ _0\"></span>nt of CS<span class=\"_ _0\"></span>M rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in the inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e statem<span class=\"_ _0\"></span>ent for a grou<span class=\"_ _0\"></span>p of insuran<span class=\"_ _0\"></span>ce co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>acts ref<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>cts th<span class=\"_ _0\"></span>e insur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>ct ser<span class=\"_ _3\"></span>vic<span class=\"_ _0\"></span>es provi<span class=\"_ _0\"></span>ded<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e prop<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>tion of the C<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>M earn<span class=\"_ _0\"></span>ed is cal<span class=\"_ _0\"></span>cul<span class=\"_ _0\"></span>ated as the amo<span class=\"_ _0\"></span>unt of cover<span class=\"_ _0\"></span>age un<span class=\"_ _0\"></span>its prov<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>d in the per<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d divid<span class=\"_ _0\"></span>ed by the su<span class=\"_ _0\"></span>m of<span class=\"_ gsec\"> </span>all<span class=\"_ gsec\"> </span>the fu<span class=\"_ _0\"></span>ture and cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nt per<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d cover<span class=\"_ _0\"></span>age uni<span class=\"_ _0\"></span>ts. T<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up has el<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted to discou<span class=\"_ _0\"></span>nt the fu<span class=\"_ _0\"></span>ture cove<span class=\"_ _0\"></span>rag<span class=\"_ _0\"></span>e units in this c<span class=\"_ _0\"></span>alc<span class=\"_ _0\"></span>ulatio<span class=\"_ _0\"></span>n. T<span class=\"_ _0\"></span>he tab<span class=\"_ _0\"></span>le be<span class=\"_ _0\"></span>low<span class=\"_ gsec\"> </span>ind<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ates the main<span class=\"_ _0\"></span> insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces pr<span class=\"_ _0\"></span>ovide<span class=\"_ _0\"></span>d und<span class=\"_ _0\"></span>er the G<span class=\"_ _0\"></span>roup\u2019s insu<span class=\"_ _0\"></span>ranc<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts and se<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>cted c<span class=\"_ _0\"></span>overag<span class=\"_ _0\"></span>e uni<span class=\"_ _0\"></span>t(s<span class=\"_ _1\"></span>) used to<span class=\"_ gsec\"> </span>measu<span class=\"_ _0\"></span>re those se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ice<span class=\"_ _0\"></span>s.<span class=\"_ _3b2\"> </span><table class=\"s wf0 h127\" id=\"_64f25476-3f0c-4aa9-bef1-c004d3f366d4\"><tr><td class=\"c n x1cb y4152 wf1 h128\"><div class=\"t m0 x1ca h13 y4151 ff6 fs9 fc1 sc0 ls37 ws7\">Insurance <span class=\"_ _1\"></span>contract<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3ea y4152 wf2 h128\"><div class=\"t m0 x1ca h13 y4151 ff6 fs9 fc1 sc0 ls3d ws131\">Insurance service<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3eb y4152 wf3 h128\"><div class=\"t m0 x1ca h13 y4151 ff6 fs9 fc1 sc0 ls18 ws32\">Cov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ge un<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>(s)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4153 wf4 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 lsea ws27\">Immediate annuity<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3ec y4153 wf5 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Payment of<span class=\"_ _1\"></span> insurance claims<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3ed y4153 wf6 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted a<span class=\"_ _0\"></span>nnu<span class=\"_ _0\"></span>al c<span class=\"_ _0\"></span>lai<span class=\"_ _0\"></span>ms pay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4154 wf7 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Deferred annuity<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3ee y4154 wf8 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">P<span class=\"_ _0\"></span>aym<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t of ins<span class=\"_ _0\"></span>ura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e cl<span class=\"_ _0\"></span>aim<span class=\"_ _0\"></span>s (p<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt ph<span class=\"_ _0\"></span>ase)<span class=\"_ _3b2\"> </span></div></td><td class=\"t m0 x3ef h1a y4155 ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted a<span class=\"_ _0\"></span>nnu<span class=\"_ _0\"></span>al c<span class=\"_ _0\"></span>lai<span class=\"_ _0\"></span>ms pay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s </td></tr><tr><td></td><td class=\"t m0 x3f0 h1a y4156 ff3 fs6 fc1 sc0 ls56 ws0\">Inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t retu<span class=\"_ _0\"></span>rn s<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>vic<span class=\"_ _0\"></span>e (defer<span class=\"_ _0\"></span>ral p<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>se)<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x3ef h1a y4156 ff3 fs6 fc1 sc0 ls10e ws54\">Exp<span class=\"_ _0\"></span>ected inv<span class=\"_ _1\"></span>estment return on<span class=\"_ _1\"></span> backing assets<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m0 x3f0 h1a y4157 ff3 fs6 fc1 sc0 ls56 ws0\">Lum<span class=\"_ _0\"></span>p su<span class=\"_ _0\"></span>m de<span class=\"_ _0\"></span>ath b<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>its (defe<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>al p<span class=\"_ _0\"></span>has<span class=\"_ _0\"></span>e)<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x3ef h1a y4157 ff3 fs6 fc1 sc0 ls10e ws54\">Sum assured<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y4121 wf9 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls149 ws29\">Longevi<span class=\"_ _0\"></span>ty swaps<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3f1 y4121 wfa h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Pay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt of f<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ng l<span class=\"_ _0\"></span>eg of sw<span class=\"_ _0\"></span>ap<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3ed y4121 wfb h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted a<span class=\"_ _0\"></span>nnu<span class=\"_ _0\"></span>al f<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ng le<span class=\"_ _0\"></span>g pay<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4158 wfc h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls112 ws1e\">Retail Protectio<span class=\"_ _0\"></span>n<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3f2 y4158 wfd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls113 ws5b\">Potent<span class=\"_ _1\"></span>ial mortality or<span class=\"_ _1\"></span> morbidity cla<span class=\"_ _1\"></span>ims<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3f3 y4158 wfe h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10e ws54\">Sum assured<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae wff h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls113 ws5b\">Group P<span class=\"_ _1\"></span>rot<span class=\"_ _1\"></span>ection<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3f4 y40ae w100 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls113 ws5b\">Pot<span class=\"_ _1\"></span>ential<span class=\"_ _1\"></span> mortality or morbid<span class=\"_ _1\"></span>ity claims<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3f5 y40ae wfe h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10e ws54\">Sum assured<span class=\"_ _3b2\"> </span></div></td></tr></table>Wh<span class=\"_ _0\"></span>ere a spe<span class=\"_ _0\"></span>cif<span class=\"_ _0\"></span>ic un<span class=\"_ _0\"></span>it of acc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t cont<span class=\"_ _0\"></span>ains a mix<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>re of ser<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces<span class=\"_ _0\"></span>, and th<span class=\"_ _0\"></span>erefore c<span class=\"_ _0\"></span>overa<span class=\"_ _0\"></span>ge uni<span class=\"_ _0\"></span>ts, it is ne<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ssa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y to weight the cove<span class=\"_ _0\"></span>rag<span class=\"_ _0\"></span>e unit<span class=\"_ _0\"></span>s so that the resu<span class=\"_ _0\"></span>ltin<span class=\"_ _0\"></span>g prof<span class=\"_ _0\"></span>ile of CS<span class=\"_ _0\"></span>M rel<span class=\"_ _0\"></span>ease ref<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>cts the ove<span class=\"_ _0\"></span>rall pac<span class=\"_ _0\"></span>kag<span class=\"_ _0\"></span>e of benef<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ts provid<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>. This is par<span class=\"_ _3\"></span>ticul<span class=\"_ _0\"></span>arl<span class=\"_ _0\"></span>y per<span class=\"_ _3\"></span>tine<span class=\"_ _0\"></span>nt to units of acc<span class=\"_ _0\"></span>ount in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ating<span class=\"_ _0\"></span> a com<span class=\"_ _0\"></span>binat<span class=\"_ _0\"></span>ion of imm<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>ate and deferre<span class=\"_ _0\"></span>d annu<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>es. Un<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r IFR<span class=\"_ _0\"></span>S 1<span class=\"_ _1\"></span>7<span class=\"_ _4\"></span>, defer<span class=\"_ _0\"></span>red ann<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>ies usu<span class=\"_ _0\"></span>ally prov<span class=\"_ _0\"></span>ide mu<span class=\"_ _0\"></span>ltip<span class=\"_ _0\"></span>le ser<span class=\"_ _3\"></span>vic<span class=\"_ _0\"></span>es, s<span class=\"_ _0\"></span>plit b<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n the two<span class=\"_ _0\"></span> phas<span class=\"_ _0\"></span>es of benef<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t provisi<span class=\"_ _0\"></span>on (the defer<span class=\"_ _0\"></span>ral ph<span class=\"_ _0\"></span>ase and th<span class=\"_ _0\"></span>e payme<span class=\"_ _0\"></span>nt pha<span class=\"_ _0\"></span>se). <span class=\"_ _1\"></span>Ju<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt is therefo<span class=\"_ _0\"></span>re requi<span class=\"_ _0\"></span>red to com<span class=\"_ _0\"></span>bin<span class=\"_ _0\"></span>e the dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nt cover<span class=\"_ _0\"></span>age uni<span class=\"_ _0\"></span>ts so that the<span class=\"_ _0\"></span>y fairly ref<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>ct th<span class=\"_ _0\"></span>e ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ice<span class=\"_ _0\"></span>s provid<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>. The wei<span class=\"_ _0\"></span>ghtin<span class=\"_ _0\"></span>g bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en the defe<span class=\"_ _0\"></span>rra<span class=\"_ _0\"></span>l phase an<span class=\"_ _0\"></span>d the paym<span class=\"_ _0\"></span>ent ph<span class=\"_ _0\"></span>ase cove<span class=\"_ _0\"></span>rag<span class=\"_ _0\"></span>e units is cal<span class=\"_ _0\"></span>cul<span class=\"_ _0\"></span>ated so that th<span class=\"_ _0\"></span>e ser<span class=\"_ _3\"></span>vic<span class=\"_ _0\"></span>es prov<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e defer<span class=\"_ _0\"></span>ral ph<span class=\"_ _0\"></span>ase ref<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>ct th<span class=\"_ _0\"></span>e inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt retu<span class=\"_ _0\"></span>rn p<span class=\"_ _0\"></span>rovid<span class=\"_ _0\"></span>ed an<span class=\"_ _0\"></span>d the p<span class=\"_ _0\"></span>roba<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y weigh<span class=\"_ _0\"></span>ted del<span class=\"_ _0\"></span>iver<span class=\"_ _3\"></span>y of any lump s<span class=\"_ _0\"></span>um de<span class=\"_ _0\"></span>ath ben<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>its<span class=\"_ _0\"></span>, both adju<span class=\"_ _0\"></span>sted so that all of the C<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>M is earn<span class=\"_ _0\"></span>ed in the de<span class=\"_ _0\"></span>ferr<span class=\"_ _0\"></span>al phase for all co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>acts whi<span class=\"_ _0\"></span>ch do not e<span class=\"_ _0\"></span>nter the paym<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t phase ei<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r throu<span class=\"_ _0\"></span>gh tran<span class=\"_ _0\"></span>sfer out<span class=\"_ _0\"></span>, with<span class=\"_ _0\"></span>drawal of fun<span class=\"_ _0\"></span>ds or deat<span class=\"_ _0\"></span>h.<span class=\"_ _3b2\"> </span>Inv<span class=\"_ _1\"></span>estment components<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p ide<span class=\"_ _0\"></span>ntif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s the inve<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>nen<span class=\"_ _0\"></span>t of a con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>t by de<span class=\"_ _0\"></span>termi<span class=\"_ _0\"></span>ning t<span class=\"_ _0\"></span>he am<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nt that i<span class=\"_ _0\"></span>t would b<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>quire<span class=\"_ _0\"></span>d to repay to the p<span class=\"_ _0\"></span>oli<span class=\"_ _0\"></span>cyh<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>der i<span class=\"_ _0\"></span>n all sce<span class=\"_ _0\"></span>nar<span class=\"_ _0\"></span>ios wit<span class=\"_ _0\"></span>h com<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>rcial su<span class=\"_ _0\"></span>bst<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e. Invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt com<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>nts are not inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>ed in ins<span class=\"_ _0\"></span>uran<span class=\"_ _0\"></span>ce reve<span class=\"_ _0\"></span>nue an<span class=\"_ _0\"></span>d insur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e ser<span class=\"_ _3\"></span>vice ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nses<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Insurance finance income<span class=\"_ _1\"></span> and e<span class=\"_ _1\"></span>xpense<span class=\"_ _3b2\"> </span>Insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nce i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e and ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nses c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pri<span class=\"_ _0\"></span>se ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>es in th<span class=\"_ _0\"></span>e car<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>nts of gro<span class=\"_ _0\"></span>ups of in<span class=\"_ _0\"></span>sura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts ar<span class=\"_ _0\"></span>isin<span class=\"_ _0\"></span>g from t<span class=\"_ _0\"></span>he ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>ts of the tim<span class=\"_ _0\"></span>e value of mon<span class=\"_ _0\"></span>ey, finan<span class=\"_ _0\"></span>cial r<span class=\"_ _0\"></span>isk and ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>es the<span class=\"_ _0\"></span>rein<span class=\"_ _0\"></span>. IFR<span class=\"_ _0\"></span>S 1<span class=\"_ _1\"></span>7 requir<span class=\"_ _0\"></span>es an acc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ting po<span class=\"_ _0\"></span>lic<span class=\"_ _0\"></span>y dec<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>n as to <span class=\"_ _1\"></span>whe<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r to recog<span class=\"_ _0\"></span>nise all fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>ce inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e or expe<span class=\"_ _0\"></span>nse in prof<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t or loss<span class=\"_ _0\"></span>, or whe<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r to disaggre<span class=\"_ _0\"></span>gate the inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e or exp<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>e that relates to chang<span class=\"_ _0\"></span>es in f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial as<span class=\"_ _0\"></span>sum<span class=\"_ _0\"></span>ption<span class=\"_ _0\"></span>s into other co<span class=\"_ _0\"></span>mpre<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>nsive inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e. Fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e inco<span class=\"_ _0\"></span>me and exp<span class=\"_ _0\"></span>ense has be<span class=\"_ _0\"></span>en inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>ed in profi<span class=\"_ _0\"></span>t or loss for all <span class=\"_ _1\"></span>insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce prod<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>ts except for the Group\u2019s protecti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span> busi<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>s where it ha<span class=\"_ _0\"></span>s bee<span class=\"_ _0\"></span>n disag<span class=\"_ _0\"></span>gre<span class=\"_ _0\"></span>gated be<span class=\"_ _0\"></span>twe<span class=\"_ _0\"></span>en prof<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t and loss an<span class=\"_ _0\"></span>d other c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>preh<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>ive inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e. Wh<span class=\"_ _0\"></span>ere ins<span class=\"_ _0\"></span>uran<span class=\"_ _0\"></span>ce f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e inco<span class=\"_ _0\"></span>me an<span class=\"_ _0\"></span>d exp<span class=\"_ _0\"></span>ense h<span class=\"_ _0\"></span>as be<span class=\"_ _0\"></span>en d<span class=\"_ _0\"></span>isag<span class=\"_ _0\"></span>greg<span class=\"_ _0\"></span>ated th<span class=\"_ _0\"></span>e amo<span class=\"_ _0\"></span>unt in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d in prof<span class=\"_ _0\"></span>it o<span class=\"_ _0\"></span>r lo<span class=\"_ _0\"></span>ss is de<span class=\"_ _0\"></span>term<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d by a syste<span class=\"_ _0\"></span>matic al<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>catio<span class=\"_ _0\"></span>n of the ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d total insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>e inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e or exp<span class=\"_ _0\"></span>ense<span class=\"_ _0\"></span>s over the dur<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of the group of con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>, using th<span class=\"_ _0\"></span>e disco<span class=\"_ _0\"></span>unt rates de<span class=\"_ _0\"></span>term<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d on init<span class=\"_ _0\"></span>ial rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>niti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>. Chan<span class=\"_ _0\"></span>ges i<span class=\"_ _0\"></span>n the r<span class=\"_ _0\"></span>isk ad<span class=\"_ _0\"></span>just<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t for no<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-f<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial ris<span class=\"_ _0\"></span>k have be<span class=\"_ _0\"></span>en di<span class=\"_ _0\"></span>sagg<span class=\"_ _0\"></span>reg<span class=\"_ _0\"></span>ated be<span class=\"_ _0\"></span>twe<span class=\"_ _0\"></span>en i<span class=\"_ _0\"></span>nsur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce res<span class=\"_ _0\"></span>ult a<span class=\"_ _0\"></span>nd ins<span class=\"_ _0\"></span>uran<span class=\"_ _0\"></span>ce f<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me and <span class=\"_ _1\"></span>expenses.<span class=\"_ _3b2\"> </span>Rei<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nc<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>ts he<span class=\"_ _0\"></span>ld \u2013 su<span class=\"_ _0\"></span>bse<span class=\"_ _0\"></span>q<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span>nt m<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e subs<span class=\"_ _0\"></span>equ<span class=\"_ _0\"></span>ent m<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>urem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t of reinsu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>ts he<span class=\"_ _0\"></span>ld follows t<span class=\"_ _0\"></span>he sa<span class=\"_ _0\"></span>me pr<span class=\"_ _0\"></span>inc<span class=\"_ _0\"></span>ipl<span class=\"_ _0\"></span>es as th<span class=\"_ _0\"></span>ose for i<span class=\"_ _0\"></span>nsur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts is<span class=\"_ _0\"></span>sue<span class=\"_ _0\"></span>d exce<span class=\"_ _0\"></span>pt that<span class=\"_ _0\"></span> cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>s in the f<span class=\"_ _0\"></span>ulf<span class=\"_ _0\"></span>ilm<span class=\"_ _0\"></span>ent c<span class=\"_ _0\"></span>ash f<span class=\"_ _0\"></span>lows a<span class=\"_ _0\"></span>re rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in prof<span class=\"_ _0\"></span>it o<span class=\"_ _0\"></span>r los<span class=\"_ _0\"></span>s if th<span class=\"_ _0\"></span>e related c<span class=\"_ _0\"></span>han<span class=\"_ _0\"></span>ges a<span class=\"_ _0\"></span>risi<span class=\"_ _0\"></span>ng fro<span class=\"_ _0\"></span>m the u<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>rl<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g ce<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts are<span class=\"_ _0\"></span> rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d in profi<span class=\"_ _0\"></span>t or loss<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Derecognition<span class=\"_ _1\"></span> and con<span class=\"_ _1\"></span>tract modi<span class=\"_ _1\"></span>fication<span class=\"_ _1\"></span> of i<span class=\"_ _1\"></span>nsurance contra<span class=\"_ _1\"></span>cts<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Group de<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>s a contr<span class=\"_ _0\"></span>act wh<span class=\"_ _0\"></span>en it is ex<span class=\"_ _0\"></span>ting<span class=\"_ _0\"></span>uish<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>, i.e. whe<span class=\"_ _0\"></span>n the spe<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ed ob<span class=\"_ _0\"></span>ligati<span class=\"_ _0\"></span>ons in the c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act ex<span class=\"_ _0\"></span>pire or are disc<span class=\"_ _0\"></span>harg<span class=\"_ _0\"></span>ed or c<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ell<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p also d<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>es a co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>act if i<span class=\"_ _0\"></span>ts ter<span class=\"_ _0\"></span>ms are m<span class=\"_ _0\"></span>odi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ed in a way th<span class=\"_ _0\"></span>at woul<span class=\"_ _0\"></span>d have cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>d the a<span class=\"_ _0\"></span>cc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ting for t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act s<span class=\"_ _0\"></span>igni<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>can<span class=\"_ _0\"></span>tly had the ne<span class=\"_ _0\"></span>w terms always exis<span class=\"_ _0\"></span>ted, in whi<span class=\"_ _0\"></span>ch ca<span class=\"_ _0\"></span>se a new con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>t base<span class=\"_ _0\"></span>d on the mo<span class=\"_ _0\"></span>dif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d terms is rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d. If a con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>t mod<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ation do<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span> not<span class=\"_ gsec\"> </span>res<span class=\"_ _0\"></span>ult in de<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>niti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>, then th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p treats the ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>es in cas<span class=\"_ _0\"></span>h flows ca<span class=\"_ _0\"></span>use<span class=\"_ _0\"></span>d by the modi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>cati<span class=\"_ _0\"></span>on as cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>s in estim<span class=\"_ _0\"></span>ates of fulfil<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt cas<span class=\"_ _0\"></span>h<span class=\"_ gsec\"> </span>fl<span class=\"_ _0\"></span>ows.<span class=\"_ _3b2\"> </span>Me<span class=\"_ _0\"></span>asu<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t o<span class=\"_ _0\"></span>n tr<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n to I<span class=\"_ _0\"></span>F<span class=\"_ _0\"></span>RS <span class=\"_ _0\"></span><span class=\"lsd ws7f\">17<span class=\"_ _3b2\"> </span></span>On tra<span class=\"_ _0\"></span>nsit<span class=\"_ _0\"></span>ion to IFR<span class=\"_ _0\"></span>S 1<span class=\"_ _1\"></span>7<span class=\"_ _4\"></span>, the insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>act lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ties were res<span class=\"_ _0\"></span>tated<span class=\"_ _0\"></span>, retros<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>vely ap<span class=\"_ _0\"></span>ply<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p\u2019s accou<span class=\"_ _0\"></span>ntin<span class=\"_ _0\"></span>g poli<span class=\"_ _0\"></span>cies<span class=\"_ _0\"></span>. In line wi<span class=\"_ _0\"></span>th the provis<span class=\"_ _0\"></span>ions avail<span class=\"_ _0\"></span>able in IF<span class=\"_ _0\"></span>RS 17<span class=\"_ _4\"></span>, the Grou<span class=\"_ _0\"></span>p appli<span class=\"_ _0\"></span>ed the fu<span class=\"_ _0\"></span>ll retros<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ve appro<span class=\"_ _0\"></span>ach un<span class=\"_ _0\"></span>les<span class=\"_ _0\"></span>s impr<span class=\"_ _0\"></span>acti<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span>. The fu<span class=\"_ _0\"></span>ll retros<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ve appro<span class=\"_ _0\"></span>ach re<span class=\"_ _0\"></span>quire<span class=\"_ _0\"></span>d the Gro<span class=\"_ _0\"></span>up to:<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">ide<span class=\"_ _0\"></span>ntif<span class=\"_ _0\"></span>y, reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>e and meas<span class=\"_ _0\"></span>ure eac<span class=\"_ _0\"></span>h grou<span class=\"_ _0\"></span>p of insuran<span class=\"_ _0\"></span>ce an<span class=\"_ _0\"></span>d reinsu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>acts as if IF<span class=\"_ _0\"></span>RS 1<span class=\"_ _1\"></span>7 had always app<span class=\"_ _0\"></span>lied<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">dere<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ogni<span class=\"_ _0\"></span>se any exi<span class=\"_ _0\"></span>stin<span class=\"_ _0\"></span>g bala<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>s that wo<span class=\"_ _0\"></span>uld not e<span class=\"_ _0\"></span>xist h<span class=\"_ _0\"></span>ad IF<span class=\"_ _0\"></span>RS 17 always appli<span class=\"_ _0\"></span>ed<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ise any resul<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g net dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e in equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y.<span class=\"_ _3b2\"> </span></span>If it was i<span class=\"_ _0\"></span>mpr<span class=\"_ _0\"></span>acti<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>ble to app<span class=\"_ _0\"></span>ly a fu<span class=\"_ _0\"></span>ll retro<span class=\"_ _0\"></span>sp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tive ap<span class=\"_ _0\"></span>proa<span class=\"_ _0\"></span>ch to a gro<span class=\"_ _0\"></span>up of co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts th<span class=\"_ _0\"></span>en th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up se<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>cted an a<span class=\"_ _0\"></span>ppr<span class=\"_ _0\"></span>oac<span class=\"_ _0\"></span>h bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en th<span class=\"_ _0\"></span>e mo<span class=\"_ _0\"></span>dif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d retros<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ve appro<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>h and the fair valu<span class=\"_ _0\"></span>e appr<span class=\"_ _0\"></span>oac<span class=\"_ _0\"></span>h. If the Gro<span class=\"_ _0\"></span>up co<span class=\"_ _0\"></span>uld not o<span class=\"_ _0\"></span>btain reas<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>ble an<span class=\"_ _0\"></span>d supp<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>table infor<span class=\"_ _0\"></span>mat<span class=\"_ _0\"></span>ion ne<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ssa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y to apply<span class=\"_ _0\"></span> the<span class=\"_ gsec\"> </span>m<span class=\"_ _0\"></span>odif<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ed retro<span class=\"_ _0\"></span>spe<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ive app<span class=\"_ _0\"></span>roac<span class=\"_ _0\"></span>h, th<span class=\"_ _0\"></span>en the fair val<span class=\"_ _0\"></span>ue app<span class=\"_ _0\"></span>roac<span class=\"_ _0\"></span>h was sele<span class=\"_ _0\"></span>cted<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Full<span class=\"_ _1\"></span> retrospective approach<span class=\"_ _3b2\"> </span>For ins<span class=\"_ _0\"></span>uran<span class=\"_ _0\"></span>ce an<span class=\"_ _0\"></span>d reinsu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>acts wh<span class=\"_ _0\"></span>ere th<span class=\"_ _0\"></span>e full retro<span class=\"_ _0\"></span>spe<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ve appr<span class=\"_ _0\"></span>oac<span class=\"_ _0\"></span>h was adopted<span class=\"_ _0\"></span>, the be<span class=\"_ _0\"></span>st esti<span class=\"_ _0\"></span>mate and ris<span class=\"_ _0\"></span>k adjust<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt com<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>nts of fulf<span class=\"_ _0\"></span>ilm<span class=\"_ _0\"></span>ent c<span class=\"_ _0\"></span>ash f<span class=\"_ _0\"></span>lows we<span class=\"_ _0\"></span>re rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d and m<span class=\"_ _0\"></span>easu<span class=\"_ _0\"></span>red u<span class=\"_ _0\"></span>sing t<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up\u2019s acc<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nting p<span class=\"_ _0\"></span>oli<span class=\"_ _0\"></span>cie<span class=\"_ _0\"></span>s from t<span class=\"_ _0\"></span>he in<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>n date of the c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>s to the date of <span class=\"_ _1\"></span>tran<span class=\"_ _0\"></span>siti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>. The full <span class=\"_ _1\"></span>retro<span class=\"_ _0\"></span>spe<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ive approa<span class=\"_ _0\"></span>ch was <span class=\"_ _1\"></span>deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ed to <span class=\"_ _1\"></span>be imprac<span class=\"_ _0\"></span>tic<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e where: the effec<span class=\"_ _0\"></span>ts of <span class=\"_ _1\"></span>retrosp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tive appli<span class=\"_ _0\"></span>cati<span class=\"_ _0\"></span>on were not <span class=\"_ _1\"></span>deter<span class=\"_ _0\"></span>mina<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span> be<span class=\"_ _0\"></span>cau<span class=\"_ _0\"></span>se infor<span class=\"_ _0\"></span>mati<span class=\"_ _0\"></span>on re<span class=\"_ _0\"></span>quire<span class=\"_ _0\"></span>d was not c<span class=\"_ _0\"></span>oll<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted (or not wit<span class=\"_ _0\"></span>h suf<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ici<span class=\"_ _0\"></span>ent g<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ular<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y);`<span class=\"_ _1\"></span>appl<span class=\"_ _0\"></span>icat<span class=\"_ _0\"></span>ion wo<span class=\"_ _0\"></span>uld re<span class=\"_ _0\"></span>quire t<span class=\"_ _0\"></span>he ap<span class=\"_ _0\"></span>plic<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of hind<span class=\"_ _0\"></span>sigh<span class=\"_ _0\"></span>t; o<span class=\"_ _0\"></span>r inform<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n was unavailab<span class=\"_ _0\"></span>le be<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>use of system mig<span class=\"_ _0\"></span>ratio<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>, data retenti<span class=\"_ _0\"></span>on req<span class=\"_ _0\"></span>uire<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts or othe<span class=\"_ _0\"></span>r reaso<span class=\"_ _0\"></span>ns.<span class=\"_ _3b2\"> </span>Modified retrospective approach<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e obje<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ive of the m<span class=\"_ _0\"></span>odi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ed re<span class=\"_ _0\"></span>trosp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tive a<span class=\"_ _0\"></span>ppro<span class=\"_ _0\"></span>ach i<span class=\"_ _0\"></span>s to achie<span class=\"_ _0\"></span>ve the c<span class=\"_ _0\"></span>lose<span class=\"_ _0\"></span>st ou<span class=\"_ _0\"></span>tco<span class=\"_ _0\"></span>me to retro<span class=\"_ _0\"></span>spe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tive ap<span class=\"_ _0\"></span>plic<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n pos<span class=\"_ _0\"></span>sib<span class=\"_ _0\"></span>le usi<span class=\"_ _0\"></span>ng reas<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span> and<span class=\"_ gsec\"> </span>su<span class=\"_ _0\"></span>pp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e inform<span class=\"_ _0\"></span>ation avail<span class=\"_ _0\"></span>able wi<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>ut un<span class=\"_ _0\"></span>due c<span class=\"_ _0\"></span>ost or ef<span class=\"_ _0\"></span>for<span class=\"_ _3\"></span>t. For ins<span class=\"_ _0\"></span>ura<span class=\"_ _0\"></span>nce an<span class=\"_ _0\"></span>d reins<span class=\"_ _0\"></span>uran<span class=\"_ _0\"></span>ce c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>s where th<span class=\"_ _0\"></span>e modi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ed retr<span class=\"_ _0\"></span>osp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tive app<span class=\"_ _0\"></span>roac<span class=\"_ _0\"></span>h has be<span class=\"_ _0\"></span>en ado<span class=\"_ _0\"></span>pted<span class=\"_ _0\"></span>, the bes<span class=\"_ _0\"></span>t estim<span class=\"_ _0\"></span>ate and risk adju<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s of fulfil<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt cash f<span class=\"_ _0\"></span>lows were rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d and me<span class=\"_ _0\"></span>asure<span class=\"_ _0\"></span>d usin<span class=\"_ _0\"></span>g the Gro<span class=\"_ _0\"></span>up\u2019s acco<span class=\"_ _0\"></span>unti<span class=\"_ _0\"></span>ng po<span class=\"_ _0\"></span>lici<span class=\"_ _0\"></span>es at the date of transi<span class=\"_ _0\"></span>tion exc<span class=\"_ _0\"></span>ept for the ap<span class=\"_ _0\"></span>plic<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of a permi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ted tran<span class=\"_ _0\"></span>siti<span class=\"_ _0\"></span>on mo<span class=\"_ _0\"></span>dif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n that, for so<span class=\"_ _0\"></span>me gro<span class=\"_ _0\"></span>ups of con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts issu<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>efore 1 Janua<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y 20<span class=\"_ _0\"></span>21, <span class=\"_ _1\"></span>the ris<span class=\"_ _0\"></span>k adjust<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt for non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial r<span class=\"_ _0\"></span>isk on ini<span class=\"_ _0\"></span>tial rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nit<span class=\"_ _0\"></span>ion was deter<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ned by adju<span class=\"_ _0\"></span>stin<span class=\"_ _0\"></span>g the amo<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span> at<span class=\"_ gsec\"> </span>1 Janua<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 for the exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted rele<span class=\"_ _0\"></span>ase of risk before th<span class=\"_ _0\"></span>at date. The ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cted rel<span class=\"_ _0\"></span>ease was de<span class=\"_ _0\"></span>termi<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>d with refere<span class=\"_ _0\"></span>nce to the rel<span class=\"_ _0\"></span>ease of risk of simil<span class=\"_ _0\"></span>ar con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>cts that th<span class=\"_ _0\"></span>e Group is<span class=\"_ _0\"></span>sue<span class=\"_ _0\"></span>d in 202<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>is modi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>cati<span class=\"_ _0\"></span>on was use<span class=\"_ _0\"></span>d to a<span class=\"_ _1\"></span>void the ap<span class=\"_ _0\"></span>plic<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of hindsi<span class=\"_ _0\"></span>ght to the calib<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>on of the risk<span class=\"_ _0\"></span> adjus<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt in pri<span class=\"_ _0\"></span>or pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>ds<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Fair<span class=\"_ _1\"></span> value approa<span class=\"_ _1\"></span>ch<span class=\"_ _3b2\"> </span>For ins<span class=\"_ _0\"></span>uran<span class=\"_ _0\"></span>ce an<span class=\"_ _0\"></span>d reinsu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>acts wh<span class=\"_ _0\"></span>ere th<span class=\"_ _0\"></span>e fair value ap<span class=\"_ _0\"></span>proa<span class=\"_ _0\"></span>ch has be<span class=\"_ _0\"></span>en ad<span class=\"_ _0\"></span>opted<span class=\"_ _0\"></span>, the be<span class=\"_ _0\"></span>st est<span class=\"_ _0\"></span>imate and ris<span class=\"_ _0\"></span>k adjust<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt com<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>nts of<span class=\"_ gsec\"> </span>fulf<span class=\"_ _0\"></span>ilm<span class=\"_ _0\"></span>ent c<span class=\"_ _0\"></span>ash fl<span class=\"_ _0\"></span>ows were deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ed as at 1 Janua<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2. T<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ed th<span class=\"_ _0\"></span>e Con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>tual S<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>vic<span class=\"_ _0\"></span>e Margi<span class=\"_ _0\"></span>n (CSM<span class=\"_ _0\"></span>) of the liabili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y for rema<span class=\"_ _0\"></span>inin<span class=\"_ _0\"></span>g covera<span class=\"_ _0\"></span>ge at the tra<span class=\"_ _0\"></span>nsiti<span class=\"_ _0\"></span>on date, as the di<span class=\"_ _0\"></span>ffe<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>ce be<span class=\"_ _0\"></span>twe<span class=\"_ _0\"></span>en th<span class=\"_ _0\"></span>e fair value of the grou<span class=\"_ _0\"></span>p of insura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>ts and the fu<span class=\"_ _0\"></span>lf<span class=\"_ _0\"></span>ilme<span class=\"_ _0\"></span>nt cas<span class=\"_ _0\"></span>h fl<span class=\"_ _0\"></span>ows measu<span class=\"_ _0\"></span>red at that date. In dete<span class=\"_ _0\"></span>rmi<span class=\"_ _0\"></span>ning fair val<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span>, the Grou<span class=\"_ _0\"></span>p appli<span class=\"_ _0\"></span>ed the re<span class=\"_ _0\"></span>quir<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nts of IFR<span class=\"_ _0\"></span>S 1<span class=\"_ _1\"></span>3, \u2018F<span class=\"_ _0\"></span>air Value Meas<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>, except for th<span class=\"_ _0\"></span>e dem<span class=\"_ _0\"></span>and de<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>sit f<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>or requ<span class=\"_ _0\"></span>ire<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t.<span class=\"_ _3b2\"> </span>Fin<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l i<span class=\"_ _0\"></span>nst<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ments<span class=\"_ _0\"></span> Recognition<span class=\"_ _1\"></span> and<span class=\"_ _1\"></span> derecognition<span class=\"_ _3b2\"> </span>Init<span class=\"_ _0\"></span>ial rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>on of fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al asse<span class=\"_ _0\"></span>ts and liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es is on the trad<span class=\"_ _0\"></span>e date, whic<span class=\"_ _0\"></span>h is the date on whic<span class=\"_ _0\"></span>h the Gro<span class=\"_ _0\"></span>up be<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>mes a par<span class=\"_ _3\"></span>ty to the co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>ctu<span class=\"_ _0\"></span>al provis<span class=\"_ _0\"></span>ions of the ins<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>. A finan<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>l asset or f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al liabil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y is initi<span class=\"_ _0\"></span>ally me<span class=\"_ _0\"></span>asure<span class=\"_ _0\"></span>d at fair value pl<span class=\"_ _0\"></span>us, for a fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial ass<span class=\"_ _0\"></span>et or f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y not<span class=\"_ gsec\"> </span>me<span class=\"_ _0\"></span>asure<span class=\"_ _0\"></span>d at fair value th<span class=\"_ _0\"></span>roug<span class=\"_ _0\"></span>h profi<span class=\"_ _0\"></span>t or los<span class=\"_ _0\"></span>s, tra<span class=\"_ _0\"></span>nsa<span class=\"_ _0\"></span>ctio<span class=\"_ _0\"></span>n cos<span class=\"_ _0\"></span>ts that are dire<span class=\"_ _0\"></span>ctl<span class=\"_ _0\"></span>y at<span class=\"_ _0\"></span>trib<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>able to its acq<span class=\"_ _0\"></span>uisi<span class=\"_ _0\"></span>tion o<span class=\"_ _0\"></span>r issue<span class=\"_ _0\"></span>. Whe<span class=\"_ _0\"></span>n the fair valu<span class=\"_ _0\"></span>e of<span class=\"_ gsec\"> </span>fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial asse<span class=\"_ _0\"></span>ts and liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>ies dif<span class=\"_ _0\"></span>fer<span class=\"_ _0\"></span>s from the tr<span class=\"_ _0\"></span>ansa<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on pr<span class=\"_ _0\"></span>ice on in<span class=\"_ _0\"></span>itia<span class=\"_ _0\"></span>l reco<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n, th<span class=\"_ _0\"></span>e Group re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>es the dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e as follows:<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">whe<span class=\"_ _0\"></span>n the fair valu<span class=\"_ _0\"></span>e is evide<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>d by a quoted pri<span class=\"_ _0\"></span>ce in an act<span class=\"_ _0\"></span>ive mar<span class=\"_ _0\"></span>ket for an identi<span class=\"_ _0\"></span>cal as<span class=\"_ _0\"></span>set or lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ty (i<span class=\"_ _0\"></span>.e. a Level 1 inpu<span class=\"_ _0\"></span>t) or base<span class=\"_ _0\"></span>d </span>on<span class=\"_ gsec\"> </span>a<span class=\"_ gsec\"> </span>valu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n techn<span class=\"_ _0\"></span>iqu<span class=\"_ _0\"></span>e that uses on<span class=\"_ _0\"></span>ly data fro<span class=\"_ _0\"></span>m obse<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ble mar<span class=\"_ _0\"></span>kets<span class=\"_ _0\"></span>, the dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e is reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed as a gain or los<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">in all other c<span class=\"_ _0\"></span>ases<span class=\"_ _0\"></span>, the dif<span class=\"_ _0\"></span>fer<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>e is deferre<span class=\"_ _0\"></span>d and th<span class=\"_ _0\"></span>e timing of rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>niti<span class=\"_ _0\"></span>on of defer<span class=\"_ _0\"></span>red day one p<span class=\"_ _0\"></span>rofi<span class=\"_ _0\"></span>t or loss is de<span class=\"_ _0\"></span>termi<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>d indi<span class=\"_ _0\"></span>vidu<span class=\"_ _0\"></span>ally. It is eithe<span class=\"_ _0\"></span>r </span>amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>ed over the life of the ins<span class=\"_ _0\"></span>tru<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt, defe<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d until the in<span class=\"_ _0\"></span>str<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>\u2019s fair value ca<span class=\"_ _0\"></span>n be deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ed usi<span class=\"_ _0\"></span>ng mar<span class=\"_ _0\"></span>ket obse<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vab<span class=\"_ _0\"></span>le inp<span class=\"_ _0\"></span>uts o<span class=\"_ _0\"></span>r realise<span class=\"_ _0\"></span>d through <span class=\"_ _1\"></span>settlement.<span class=\"_ _3b2\"> </span>Fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial asse<span class=\"_ _0\"></span>ts are dere<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>sed on<span class=\"_ _0\"></span>ly whe<span class=\"_ _0\"></span>n the co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>ctu<span class=\"_ _0\"></span>al righ<span class=\"_ _0\"></span>ts to the cash fl<span class=\"_ _0\"></span>ows from the as<span class=\"_ _0\"></span>set exp<span class=\"_ _0\"></span>ire, or wh<span class=\"_ _0\"></span>en the G<span class=\"_ _0\"></span>roup tr<span class=\"_ _0\"></span>ansfer<span class=\"_ _0\"></span>s subs<span class=\"_ _0\"></span>tanti<span class=\"_ _0\"></span>ally all th<span class=\"_ _0\"></span>e risks and rewa<span class=\"_ _0\"></span>rds of owner<span class=\"_ _0\"></span>ship to anoth<span class=\"_ _0\"></span>er enti<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y. <span class=\"_ _1\"></span>Th<span class=\"_ _0\"></span>is is the case for ca<span class=\"_ _0\"></span>sh col<span class=\"_ _0\"></span>lateral pl<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>ged<span class=\"_ _0\"></span>, whe<span class=\"_ _0\"></span>re the co<span class=\"_ _0\"></span>unter<span class=\"_ _0\"></span>par<span class=\"_ _3\"></span>ty has<span class=\"_ _0\"></span> con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>tua<span class=\"_ _0\"></span>l rights to rec<span class=\"_ _0\"></span>eive th<span class=\"_ _0\"></span>e cash f<span class=\"_ _0\"></span>lows gen<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ated, an<span class=\"_ _0\"></span>d which is de<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d from th<span class=\"_ _0\"></span>e Con<span class=\"_ _0\"></span>soli<span class=\"_ _0\"></span>dated Bal<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e Sh<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t and a cor<span class=\"_ _0\"></span>resp<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ding<span class=\"_ _0\"></span> rec<span class=\"_ _0\"></span>eiva<span class=\"_ _0\"></span>ble re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed for its retu<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Group e<span class=\"_ _0\"></span>nters into tran<span class=\"_ _0\"></span>sac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns whe<span class=\"_ _0\"></span>reby it tra<span class=\"_ _0\"></span>nsfers as<span class=\"_ _0\"></span>sets re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed in its C<span class=\"_ _0\"></span>onso<span class=\"_ _0\"></span>lid<span class=\"_ _0\"></span>ated Bala<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e She<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>, but ret<span class=\"_ _0\"></span>ains ei<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r all or subs<span class=\"_ _0\"></span>tant<span class=\"_ _0\"></span>ially<span class=\"_ _0\"></span> all of the risks an<span class=\"_ _0\"></span>d rewards of the trans<span class=\"_ _0\"></span>ferre<span class=\"_ _0\"></span>d asse<span class=\"_ _0\"></span>ts. In the<span class=\"_ _0\"></span>se case<span class=\"_ _0\"></span>s, th<span class=\"_ _0\"></span>e transfe<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d asset<span class=\"_ _0\"></span>s are not dere<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>. E<span class=\"_ _0\"></span>xampl<span class=\"_ _0\"></span>es of suc<span class=\"_ _0\"></span>h trans<span class=\"_ _0\"></span>acti<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span> are repu<span class=\"_ _0\"></span>rch<span class=\"_ _0\"></span>ase agre<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s and non<span class=\"_ _0\"></span>-<span class=\"_ _3\"></span>cas<span class=\"_ _0\"></span>h colla<span class=\"_ _0\"></span>teral ple<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>, unle<span class=\"_ _0\"></span>ss the Gro<span class=\"_ _0\"></span>up defau<span class=\"_ _0\"></span>lts on it<span class=\"_ _0\"></span>s oblig<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns und<span class=\"_ _0\"></span>er the rel<span class=\"_ _0\"></span>evant ag<span class=\"_ _0\"></span>ree<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt.<span class=\"_ _0\"></span> In tra<span class=\"_ _0\"></span>nsac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns in whi<span class=\"_ _0\"></span>ch th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up ne<span class=\"_ _0\"></span>ith<span class=\"_ _0\"></span>er re<span class=\"_ _0\"></span>tains n<span class=\"_ _0\"></span>or tr<span class=\"_ _0\"></span>ansfe<span class=\"_ _0\"></span>rs su<span class=\"_ _0\"></span>bsta<span class=\"_ _0\"></span>ntiall<span class=\"_ _0\"></span>y all of the r<span class=\"_ _0\"></span>isks a<span class=\"_ _0\"></span>nd reward<span class=\"_ _0\"></span>s of owne<span class=\"_ _0\"></span>rshi<span class=\"_ _0\"></span>p of a fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>ial as<span class=\"_ _0\"></span>set an<span class=\"_ _0\"></span>d it<span class=\"_ _0\"></span> retai<span class=\"_ _0\"></span>ns con<span class=\"_ _0\"></span>trol over th<span class=\"_ _0\"></span>e asset<span class=\"_ _0\"></span>, the Gro<span class=\"_ _0\"></span>up co<span class=\"_ _0\"></span>ntinu<span class=\"_ _0\"></span>es to reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>e the asse<span class=\"_ _0\"></span>t to the exten<span class=\"_ _0\"></span>t of its conti<span class=\"_ _0\"></span>nuin<span class=\"_ _0\"></span>g involve<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt, de<span class=\"_ _0\"></span>term<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d by the ex<span class=\"_ _0\"></span>tent to<span class=\"_ gsec\"> </span>which i<span class=\"_ _0\"></span>t is expos<span class=\"_ _0\"></span>ed to chang<span class=\"_ _0\"></span>es in the valu<span class=\"_ _0\"></span>e of the transfe<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d asset<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Group d<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>s a fina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al liabil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y whe<span class=\"_ _0\"></span>n its co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>ctu<span class=\"_ _0\"></span>al oblig<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns expi<span class=\"_ _0\"></span>re or are disch<span class=\"_ _0\"></span>arge<span class=\"_ _0\"></span>d or ca<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>lle<span class=\"_ _0\"></span>d. T<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up also de<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nises<span class=\"_ _0\"></span> a<span class=\"_ gsec\"> </span>fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>ial liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y wh<span class=\"_ _0\"></span>en its ter<span class=\"_ _0\"></span>ms are mo<span class=\"_ _0\"></span>dif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d and the cas<span class=\"_ _0\"></span>h flows of the mo<span class=\"_ _0\"></span>dif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d liabil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y are subs<span class=\"_ _0\"></span>tan<span class=\"_ _0\"></span>tially di<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ferent<span class=\"_ _0\"></span>, in whic<span class=\"_ _0\"></span>h case a new f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l liabi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y base<span class=\"_ _0\"></span>d on the mo<span class=\"_ _0\"></span>dif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d term<span class=\"_ _0\"></span>s is reco<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d at fair value<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>On de<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>niti<span class=\"_ _0\"></span>on of a fina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al asset or f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al liabil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y, the diffe<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>ce be<span class=\"_ _0\"></span>twe<span class=\"_ _0\"></span>en th<span class=\"_ _0\"></span>e car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>yi<span class=\"_ _0\"></span>ng amo<span class=\"_ _0\"></span>unt at the date of dere<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>tion an<span class=\"_ _0\"></span>d the con<span class=\"_ _0\"></span>side<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>on rec<span class=\"_ _0\"></span>ei<span class=\"_ _0\"></span>ved (in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>ding any ne<span class=\"_ _0\"></span>w asset ob<span class=\"_ _0\"></span>tain<span class=\"_ _0\"></span>ed les<span class=\"_ _0\"></span>s any new liabil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y assu<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>d) is rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in profi<span class=\"_ _0\"></span>t or los<span class=\"_ _0\"></span>s.<span class=\"_ _3b2\"> </span>Modific<span class=\"_ _0\"></span>ation<span class=\"_ _3b2\"> </span>If the term<span class=\"_ _0\"></span>s of a <span class=\"_ _1\"></span>fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial ass<span class=\"_ _0\"></span>et are mo<span class=\"_ _0\"></span>dif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d, the<span class=\"_ _0\"></span>n the Gro<span class=\"_ _0\"></span>up evalu<span class=\"_ _0\"></span>ates whet<span class=\"_ _0\"></span>her th<span class=\"_ _0\"></span>e cash f<span class=\"_ _0\"></span>lows of the mod<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ied ass<span class=\"_ _0\"></span>et are sub<span class=\"_ _0\"></span>stan<span class=\"_ _0\"></span>tiall<span class=\"_ _0\"></span>y dif<span class=\"_ _0\"></span>ferent<span class=\"_ _0\"></span>. If<span class=\"_ gsec\"> </span>the c<span class=\"_ _0\"></span>ash fl<span class=\"_ _0\"></span>ows are subst<span class=\"_ _0\"></span>antia<span class=\"_ _0\"></span>lly dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>, then th<span class=\"_ _0\"></span>e cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>tual ri<span class=\"_ _0\"></span>ghts to cash f<span class=\"_ _0\"></span>lows from th<span class=\"_ _0\"></span>e orig<span class=\"_ _0\"></span>inal f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>l asset are de<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ed to have expire<span class=\"_ _0\"></span>d.<span class=\"_ _0\"></span> In this cas<span class=\"_ _0\"></span>e, the or<span class=\"_ _0\"></span>igin<span class=\"_ _0\"></span>al fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial ass<span class=\"_ _0\"></span>et is dere<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed an<span class=\"_ _0\"></span>d a new fina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al asset is re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d at fair value pl<span class=\"_ _0\"></span>us any eligi<span class=\"_ _0\"></span>ble tra<span class=\"_ _0\"></span>nsa<span class=\"_ _0\"></span>ctio<span class=\"_ _0\"></span>n cos<span class=\"_ _0\"></span>ts.<span class=\"_ _0\"></span> Cl<span class=\"_ _0\"></span>ass<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n an<span class=\"_ _0\"></span>d me<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt of f<span class=\"_ _0\"></span>i<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>se<span class=\"_ _0\"></span>ts<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Group cl<span class=\"_ _0\"></span>assi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>es its f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial as<span class=\"_ _0\"></span>sets on in<span class=\"_ _0\"></span>itial re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n as measu<span class=\"_ _0\"></span>red at amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>ed co<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>, fair value thro<span class=\"_ _0\"></span>ug<span class=\"_ _0\"></span>h other co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>reh<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>ve inc<span class=\"_ _0\"></span>ome<span class=\"_ _0\"></span> (F<span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>OC<span class=\"_ _0\"></span>I) and fair valu<span class=\"_ _0\"></span>e throu<span class=\"_ _0\"></span>gh prof<span class=\"_ _0\"></span>it or lo<span class=\"_ _0\"></span>ss (F<span class=\"_ _3\"></span>V<span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>PL).<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e clas<span class=\"_ _0\"></span>sif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ation a<span class=\"_ _0\"></span>nd m<span class=\"_ _0\"></span>easu<span class=\"_ _0\"></span>reme<span class=\"_ _0\"></span>nt of f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l asse<span class=\"_ _0\"></span>ts de<span class=\"_ _0\"></span>pen<span class=\"_ _0\"></span>ds o<span class=\"_ _0\"></span>n thei<span class=\"_ _0\"></span>r co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>ctu<span class=\"_ _0\"></span>al cas<span class=\"_ _0\"></span>h fl<span class=\"_ _0\"></span>ow cha<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>teris<span class=\"_ _0\"></span>tic<span class=\"_ _0\"></span>s and h<span class=\"_ _0\"></span>ow they a<span class=\"_ _0\"></span>re mana<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>d (the enti<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>\u2019s busine<span class=\"_ _0\"></span>ss mo<span class=\"_ _0\"></span>del<span class=\"_ _0\"></span>). The c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tual cas<span class=\"_ _0\"></span>h fl<span class=\"_ _0\"></span>ow chara<span class=\"_ _0\"></span>cter<span class=\"_ _0\"></span>isti<span class=\"_ _0\"></span>cs test aims to ide<span class=\"_ _0\"></span>ntif<span class=\"_ _0\"></span>y tho<span class=\"_ _0\"></span>se asse<span class=\"_ _0\"></span>ts with c<span class=\"_ _0\"></span>ash fl<span class=\"_ _0\"></span>ows cons<span class=\"_ _0\"></span>istent wi<span class=\"_ _0\"></span>th a basic len<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>g arra<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt, i<span class=\"_ _0\"></span>.e. whic<span class=\"_ _0\"></span>h are \u2018sole<span class=\"_ _0\"></span>ly paym<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts of princ<span class=\"_ _0\"></span>ipal an<span class=\"_ _0\"></span>d interes<span class=\"_ _0\"></span>t\u2019 (SP<span class=\"_ _0\"></span>PI). Th<span class=\"_ _0\"></span>e busin<span class=\"_ _0\"></span>ess m<span class=\"_ _0\"></span>ode<span class=\"_ _0\"></span>l test refers to how an entit<span class=\"_ _0\"></span>y ma<span class=\"_ _0\"></span>nage<span class=\"_ _0\"></span>s its fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>ial ass<span class=\"_ _0\"></span>ets with th<span class=\"_ _0\"></span>e obje<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ves of gene<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>ng cas<span class=\"_ _0\"></span>h flows<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>ese facto<span class=\"_ _0\"></span>rs deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>e whet<span class=\"_ _0\"></span>her th<span class=\"_ _0\"></span>e fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>ial asse<span class=\"_ _0\"></span>ts are meas<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>d at amor<span class=\"_ _3\"></span>tised<span class=\"_ _0\"></span> cos<span class=\"_ _0\"></span>t, F<span class=\"_ _3\"></span>VOCI o<span class=\"_ _0\"></span>r F<span class=\"_ _0\"></span>V<span class=\"_ _3\"></span>TP<span class=\"_ _0\"></span>L<span class=\"_ _0\"></span>. Ass<span class=\"_ _0\"></span>ets are the<span class=\"_ _0\"></span>refore t<span class=\"_ _0\"></span>ypi<span class=\"_ _0\"></span>cal<span class=\"_ _0\"></span>ly cha<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>terise<span class=\"_ _0\"></span>d as follows:<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>ed co<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>: fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial asse<span class=\"_ _0\"></span>ts with co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>actu<span class=\"_ _0\"></span>al term<span class=\"_ _0\"></span>s that give rise so<span class=\"_ _0\"></span>lel<span class=\"_ _0\"></span>y to interest and p<span class=\"_ _0\"></span>rin<span class=\"_ _0\"></span>cipa<span class=\"_ _0\"></span>l cash f<span class=\"_ _0\"></span>lows, an<span class=\"_ _0\"></span>d whic<span class=\"_ _0\"></span>h are held in a </span>busi<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>s mod<span class=\"_ _0\"></span>el whos<span class=\"_ _0\"></span>e obje<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ve is to <span class=\"_ _1\"></span>hol<span class=\"_ _0\"></span>d the asse<span class=\"_ _0\"></span>ts to colle<span class=\"_ _0\"></span>ct th<span class=\"_ _0\"></span>eir ca<span class=\"_ _0\"></span>sh fl<span class=\"_ _0\"></span>ows. Th<span class=\"_ _0\"></span>ey are meas<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>d at amor<span class=\"_ _3\"></span>tised c<span class=\"_ _0\"></span>ost usi<span class=\"_ _0\"></span>ng the ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>tive interes<span class=\"_ _0\"></span>t meth<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>. Interes<span class=\"_ _0\"></span>t inc<span class=\"_ _0\"></span>ome<span class=\"_ _0\"></span>, foreig<span class=\"_ _0\"></span>n exchan<span class=\"_ _0\"></span>ge gain<span class=\"_ _0\"></span>s and los<span class=\"_ _0\"></span>ses and im<span class=\"_ _0\"></span>pair<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt are rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in profi<span class=\"_ _0\"></span>t or los<span class=\"_ _0\"></span>s. A<span class=\"_ _0\"></span>ny gain or los<span class=\"_ _0\"></span>s on dere<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ogni<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n is also re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ised i<span class=\"_ _0\"></span>n prof<span class=\"_ _0\"></span>it o<span class=\"_ _0\"></span>r los<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">F<span class=\"_ _0\"></span>VO<span class=\"_ _0\"></span>CI: f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al asset<span class=\"_ _0\"></span>s with co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>ctu<span class=\"_ _0\"></span>al terms tha<span class=\"_ _0\"></span>t give rise so<span class=\"_ _0\"></span>lel<span class=\"_ _0\"></span>y to interest and pr<span class=\"_ _0\"></span>inc<span class=\"_ _0\"></span>ipal c<span class=\"_ _0\"></span>ash fl<span class=\"_ _0\"></span>ows, an<span class=\"_ _0\"></span>d which are he<span class=\"_ _0\"></span>ld in a busi<span class=\"_ _0\"></span>ness m<span class=\"_ _0\"></span>ode<span class=\"_ _0\"></span>l </span>whos<span class=\"_ _0\"></span>e obje<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ve is achie<span class=\"_ _0\"></span>ved by hold<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e assets to coll<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t thei<span class=\"_ _0\"></span>r cash f<span class=\"_ _0\"></span>lows and se<span class=\"_ _0\"></span>lling th<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>. Interes<span class=\"_ _0\"></span>t inc<span class=\"_ _0\"></span>ome c<span class=\"_ _0\"></span>alc<span class=\"_ _0\"></span>ulated usi<span class=\"_ _0\"></span>ng the ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>tive interes<span class=\"_ _0\"></span>t meth<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>, foreig<span class=\"_ _0\"></span>n exchan<span class=\"_ _0\"></span>ge gain<span class=\"_ _0\"></span>s and los<span class=\"_ _0\"></span>ses and im<span class=\"_ _0\"></span>pair<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt are rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in profi<span class=\"_ _0\"></span>t or los<span class=\"_ _0\"></span>s. O<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r net gai<span class=\"_ _0\"></span>ns and los<span class=\"_ _0\"></span>ses are re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d in othe<span class=\"_ _0\"></span>r com<span class=\"_ _0\"></span>preh<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>ive inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e. On de<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>cog<span class=\"_ _0\"></span>nit<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>, gains an<span class=\"_ _0\"></span>d loss<span class=\"_ _0\"></span>es acc<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ulated in OC<span class=\"_ _0\"></span>I are recl<span class=\"_ _0\"></span>assif<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ed to profi<span class=\"_ _0\"></span>t or loss<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">F<span class=\"_ _0\"></span>V<span class=\"_ _3\"></span>TP<span class=\"_ _0\"></span>L<span class=\"_ _0\"></span>: all othe<span class=\"_ _0\"></span>r fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial asse<span class=\"_ _0\"></span>ts. Ne<span class=\"_ _0\"></span>t gains an<span class=\"_ _0\"></span>d loss<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, inclu<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>g any interest o<span class=\"_ _0\"></span>r divid<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>d inco<span class=\"_ _0\"></span>me an<span class=\"_ _0\"></span>d foreign exc<span class=\"_ _0\"></span>hang<span class=\"_ _0\"></span>e gains an<span class=\"_ _0\"></span>d loss<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, </span>are<span class=\"_ gsec\"> </span>rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in prof<span class=\"_ _0\"></span>it or los<span class=\"_ _0\"></span>s, un<span class=\"_ _0\"></span>les<span class=\"_ _0\"></span>s they aris<span class=\"_ _0\"></span>e from de<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>vatives d<span class=\"_ _0\"></span>esign<span class=\"_ _0\"></span>ated as hed<span class=\"_ _0\"></span>gin<span class=\"_ _0\"></span>g instr<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ents in c<span class=\"_ _0\"></span>ash fl<span class=\"_ _0\"></span>ow or net inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt he<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>s.<span class=\"_ _3b2\"> </span>Not<span class=\"_ _0\"></span>wit<span class=\"_ _0\"></span>hsta<span class=\"_ _0\"></span>ndin<span class=\"_ _0\"></span>g the above<span class=\"_ _0\"></span>, on ini<span class=\"_ _0\"></span>tial rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>niti<span class=\"_ _0\"></span>on the G<span class=\"_ _0\"></span>roup may ir<span class=\"_ _0\"></span>revoc<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>y desi<span class=\"_ _0\"></span>gnate to F<span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>P<span class=\"_ _0\"></span>L a fina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l asset tha<span class=\"_ _0\"></span>t would othe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>wise b<span class=\"_ _0\"></span>e meas<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>d at amor<span class=\"_ _3\"></span>tised co<span class=\"_ _0\"></span>st or F<span class=\"_ _3\"></span>VOCI if do<span class=\"_ _0\"></span>ing so eli<span class=\"_ _0\"></span>mina<span class=\"_ _0\"></span>tes or greatly re<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>es an ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>untin<span class=\"_ _0\"></span>g misma<span class=\"_ _0\"></span>tch.<span class=\"_ _3b2\"> </span>In mak<span class=\"_ _0\"></span>ing the S<span class=\"_ _0\"></span>PP<span class=\"_ _0\"></span>I asses<span class=\"_ _0\"></span>sme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>, the Grou<span class=\"_ _0\"></span>p con<span class=\"_ _0\"></span>side<span class=\"_ _0\"></span>rs wh<span class=\"_ _0\"></span>ethe<span class=\"_ _0\"></span>r the co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>actu<span class=\"_ _0\"></span>al cash f<span class=\"_ _0\"></span>lows are co<span class=\"_ _0\"></span>nsis<span class=\"_ _0\"></span>tent with a basi<span class=\"_ _0\"></span>c lend<span class=\"_ _0\"></span>ing ar<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t (that is, interes<span class=\"_ _0\"></span>t incl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>s onl<span class=\"_ _0\"></span>y cons<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>ratio<span class=\"_ _0\"></span>n for the time val<span class=\"_ _0\"></span>ue of mon<span class=\"_ _0\"></span>ey, credit ris<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>, othe<span class=\"_ _0\"></span>r basic le<span class=\"_ _0\"></span>ndin<span class=\"_ _0\"></span>g risks an<span class=\"_ _0\"></span>d a profi<span class=\"_ _0\"></span>t margin th<span class=\"_ _0\"></span>at is consis<span class=\"_ _0\"></span>tent wit<span class=\"_ _0\"></span>h a basic le<span class=\"_ _0\"></span>ndin<span class=\"_ _0\"></span>g arran<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt). This inclu<span class=\"_ _0\"></span>des evalu<span class=\"_ _0\"></span>ating whe<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r the fina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al asset con<span class=\"_ _0\"></span>tains a cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>tual term that cou<span class=\"_ _0\"></span>ld chan<span class=\"_ _0\"></span>ge the timin<span class=\"_ _0\"></span>g or amount<span class=\"_ _0\"></span> of contr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>ual cas<span class=\"_ _0\"></span>h flows su<span class=\"_ _0\"></span>ch that i<span class=\"_ _0\"></span>t would not me<span class=\"_ _0\"></span>et this c<span class=\"_ _0\"></span>ond<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>n. E<span class=\"_ _0\"></span>xa<span class=\"_ _0\"></span>mpl<span class=\"_ _0\"></span>es of such c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>ual term<span class=\"_ _0\"></span>s to be consid<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>d are con<span class=\"_ _0\"></span>ting<span class=\"_ _0\"></span>ent eve<span class=\"_ _0\"></span>nts that woul<span class=\"_ _0\"></span>d chan<span class=\"_ _0\"></span>ge the am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t or timin<span class=\"_ _0\"></span>g of cash fl<span class=\"_ _0\"></span>ows, leve<span class=\"_ _0\"></span>rag<span class=\"_ _0\"></span>e features<span class=\"_ _0\"></span>, prep<span class=\"_ _0\"></span>aym<span class=\"_ _0\"></span>ent and ex<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>nsio<span class=\"_ _0\"></span>n features<span class=\"_ _0\"></span>, non<span class=\"_ _3\"></span>-re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>se asse<span class=\"_ _0\"></span>t arra<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts and feature<span class=\"_ _0\"></span>s that mo<span class=\"_ _0\"></span>dif<span class=\"_ _0\"></span>y co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>tion for th<span class=\"_ _0\"></span>e time valu<span class=\"_ _0\"></span>e of money (e.g. pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>dic res<span class=\"_ _0\"></span>et of interest rates). Th<span class=\"_ _0\"></span>e busin<span class=\"_ _0\"></span>ess mo<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>l refle<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ts how the Gro<span class=\"_ _0\"></span>up mana<span class=\"_ _0\"></span>ges ass<span class=\"_ _0\"></span>ets in ord<span class=\"_ _0\"></span>er to gene<span class=\"_ _0\"></span>rate cash f<span class=\"_ _0\"></span>lows<span class=\"_ _0\"></span>, i.e. it ref<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>cts wh<span class=\"_ _0\"></span>ethe<span class=\"_ _0\"></span>r the Gro<span class=\"_ _0\"></span>up\u2019s obje<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ve is solel<span class=\"_ _0\"></span>y to colle<span class=\"_ _0\"></span>ct th<span class=\"_ _0\"></span>e cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>tual ca<span class=\"_ _0\"></span>sh fl<span class=\"_ _0\"></span>ows from asse<span class=\"_ _0\"></span>ts or to colle<span class=\"_ _0\"></span>ct b<span class=\"_ _0\"></span>oth the co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>ctu<span class=\"_ _0\"></span>al cash f<span class=\"_ _0\"></span>lows and c<span class=\"_ _0\"></span>ash fl<span class=\"_ _0\"></span>ows arisi<span class=\"_ _0\"></span>ng from th<span class=\"_ _0\"></span>e sale of asset<span class=\"_ _0\"></span>s. If nei<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r of these is app<span class=\"_ _0\"></span>lic<span class=\"_ _0\"></span>able (for examp<span class=\"_ _0\"></span>le, f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al assets are h<span class=\"_ _0\"></span>eld for tra<span class=\"_ _0\"></span>ding pu<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>s), the busine<span class=\"_ _0\"></span>ss mo<span class=\"_ _0\"></span>del is \u2018othe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>\u2019 and the f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al asset is<span class=\"_ _0\"></span> meas<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>d at F<span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>P<span class=\"_ _0\"></span>L<span class=\"_ _0\"></span>. Factor<span class=\"_ _0\"></span>s cons<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>red by the Gro<span class=\"_ _0\"></span>up in deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e busin<span class=\"_ _0\"></span>ess mo<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>l for a group of assets in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>de pas<span class=\"_ _0\"></span>t expe<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e on how the cas<span class=\"_ _0\"></span>h fl<span class=\"_ _0\"></span>ows for these ass<span class=\"_ _0\"></span>ets were co<span class=\"_ _0\"></span>lle<span class=\"_ _0\"></span>cted<span class=\"_ _0\"></span>, how the ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>\u2019s per<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>man<span class=\"_ _0\"></span>ce is evalu<span class=\"_ _0\"></span>ated and rep<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>ted to k<span class=\"_ _1\"></span>ey manag<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent p<span class=\"_ _0\"></span>ers<span class=\"_ _0\"></span>onn<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>, how risks<span class=\"_ _0\"></span> are asse<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>d and mana<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>d, and how ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>ers are c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>sated<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e obje<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ve of the Group\u2019s busin<span class=\"_ _0\"></span>ess m<span class=\"_ _0\"></span>ode<span class=\"_ _0\"></span>l for cer<span class=\"_ _3\"></span>tain de<span class=\"_ _0\"></span>bt instr<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s, in par<span class=\"_ _3\"></span>ticu<span class=\"_ _0\"></span>lar tho<span class=\"_ _0\"></span>se inst<span class=\"_ _0\"></span>rum<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts back<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g annui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y or invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>t liabi<span class=\"_ _0\"></span>litie<span class=\"_ _0\"></span>s, in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>g surp<span class=\"_ _0\"></span>lus asse<span class=\"_ _0\"></span>ts, is to fund it<span class=\"_ _0\"></span>s liabili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s. Co<span class=\"_ _0\"></span>nsis<span class=\"_ _0\"></span>tent with th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p\u2019s investme<span class=\"_ _0\"></span>nt stra<span class=\"_ _0\"></span>tegy the<span class=\"_ _0\"></span>ir pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>man<span class=\"_ _0\"></span>ce is evalua<span class=\"_ _0\"></span>ted on a total retur<span class=\"_ _0\"></span>n basis, as sig<span class=\"_ _0\"></span>nif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant bu<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g and sell<span class=\"_ _0\"></span>ing ac<span class=\"_ _0\"></span>tivi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y is unde<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ken on a regul<span class=\"_ _0\"></span>ar basis to rebala<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e its por<span class=\"_ _3\"></span>tfol<span class=\"_ _0\"></span>io and to ensure th<span class=\"_ _0\"></span>at con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>tual<span class=\"_ _0\"></span> cash f<span class=\"_ _0\"></span>lows fro<span class=\"_ _0\"></span>m thos<span class=\"_ _0\"></span>e assets are su<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>cie<span class=\"_ _0\"></span>nt to sett<span class=\"_ _0\"></span>le the un<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>ly<span class=\"_ _0\"></span>ing lia<span class=\"_ _0\"></span>bilit<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>. The<span class=\"_ _0\"></span>se invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts do not follow a \u2018<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>ld to colle<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>\u2019 or \u2018<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>eld to coll<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t and sel<span class=\"_ _0\"></span>l\u2019 bus<span class=\"_ _0\"></span>ines<span class=\"_ _0\"></span>s mod<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>, and are the<span class=\"_ _0\"></span>refore acc<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nted for at F<span class=\"_ _0\"></span>V<span class=\"_ _3\"></span>TP<span class=\"_ _0\"></span>L<span class=\"_ _0\"></span>. This bu<span class=\"_ _0\"></span>sine<span class=\"_ _0\"></span>ss mo<span class=\"_ _0\"></span>del is also ap<span class=\"_ _0\"></span>plic<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le to reverse rep<span class=\"_ _0\"></span>urc<span class=\"_ _0\"></span>hase ag<span class=\"_ _0\"></span>ree<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts and to deri<span class=\"_ _0\"></span>vative<span class=\"_ _0\"></span>s. Equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y inst<span class=\"_ _0\"></span>rum<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s are acc<span class=\"_ _0\"></span>ounte<span class=\"_ _0\"></span>d for at F<span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>P<span class=\"_ _0\"></span>L<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tai<span class=\"_ _0\"></span>n debt se<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>rit<span class=\"_ _0\"></span>ies are he<span class=\"_ _0\"></span>ld in sep<span class=\"_ _0\"></span>arate por<span class=\"_ _3\"></span>tfol<span class=\"_ _0\"></span>ios for lon<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>term yi<span class=\"_ _0\"></span>eld<span class=\"_ _0\"></span>. The<span class=\"_ _0\"></span>se inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>e lon<span class=\"_ _0\"></span>g dated debt in<span class=\"_ _0\"></span>str<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nts bac<span class=\"_ _0\"></span>ki<span class=\"_ _0\"></span>ng ann<span class=\"_ _0\"></span>uiti<span class=\"_ _0\"></span>es liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, but in su<span class=\"_ _0\"></span>rpl<span class=\"_ _0\"></span>us to the IFR<span class=\"_ _0\"></span>S 1<span class=\"_ _1\"></span>7 best est<span class=\"_ _0\"></span>imate liabi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y and ri<span class=\"_ _0\"></span>sk adjus<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>, used to manag<span class=\"_ _0\"></span>e interes<span class=\"_ _0\"></span>t and inf<span class=\"_ _0\"></span>latio<span class=\"_ _0\"></span>n rate expos<span class=\"_ _0\"></span>ure, as well as asse<span class=\"_ _0\"></span>ts bac<span class=\"_ _0\"></span>kin<span class=\"_ _0\"></span>g protec<span class=\"_ _0\"></span>tion lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>. The<span class=\"_ _0\"></span>se asse<span class=\"_ _0\"></span>ts repre<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>t instr<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ents c<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>istent wi<span class=\"_ _0\"></span>th the S<span class=\"_ _0\"></span>PPI pr<span class=\"_ _0\"></span>inc<span class=\"_ _0\"></span>ipl<span class=\"_ _0\"></span>es, an<span class=\"_ _0\"></span>d are acc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ted for at amor<span class=\"_ _3\"></span>tised c<span class=\"_ _0\"></span>ost<span class=\"_ _0\"></span> or<span class=\"_ gsec\"> </span>F<span class=\"_ _3\"></span>VOCI d<span class=\"_ _0\"></span>epe<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>ng on th<span class=\"_ _0\"></span>e expe<span class=\"_ _0\"></span>cted le<span class=\"_ _0\"></span>vel of tradin<span class=\"_ _0\"></span>g. Rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>able<span class=\"_ _0\"></span>s are acc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ted for at amor<span class=\"_ _3\"></span>tised c<span class=\"_ _0\"></span>ost<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Classifica<span class=\"_ _0\"></span>tion and measuremen<span class=\"_ _0\"></span>t of<span class=\"_ _1\"></span> finan<span class=\"_ _0\"></span>cial liabilities<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Group cl<span class=\"_ _0\"></span>assi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>es and sub<span class=\"_ _0\"></span>seq<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span>ntly me<span class=\"_ _0\"></span>asure<span class=\"_ _0\"></span>s fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es at amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tise<span class=\"_ _0\"></span>d cos<span class=\"_ _0\"></span>t or F<span class=\"_ _0\"></span>V<span class=\"_ _3\"></span>T<span class=\"_ _0\"></span>PL<span class=\"_ _0\"></span>. Investment contr<span class=\"_ _0\"></span>act liabilities<span class=\"_ _3b2\"> </span>Invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t liabili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s are measu<span class=\"_ _0\"></span>red at F<span class=\"_ _0\"></span>V<span class=\"_ _3\"></span>T<span class=\"_ _0\"></span>PL<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>is is bec<span class=\"_ _0\"></span>ause th<span class=\"_ _0\"></span>ese lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>, as well as the related as<span class=\"_ _0\"></span>sets<span class=\"_ _0\"></span>, are mana<span class=\"_ _0\"></span>ged an<span class=\"_ _0\"></span>d thei<span class=\"_ _0\"></span>r per<span class=\"_ _3\"></span>forma<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e evaluated o<span class=\"_ _0\"></span>n a fair value basis<span class=\"_ _0\"></span>. For uni<span class=\"_ _0\"></span>t linked lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>, fair valu<span class=\"_ _0\"></span>e is determ<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d by referenc<span class=\"_ _0\"></span>e to the value of the und<span class=\"_ _0\"></span>erl<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g net ass<span class=\"_ _0\"></span>et value<span class=\"_ _0\"></span>s of the Group\u2019s uni<span class=\"_ _0\"></span>tise<span class=\"_ _0\"></span>d investm<span class=\"_ _0\"></span>ent fu<span class=\"_ _0\"></span>nds at the bal<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e she<span class=\"_ _0\"></span>et date. Core and<span class=\"_ _1\"></span> operational<span class=\"_ _1\"></span> borrowing<span class=\"_ _1\"></span>s<span class=\"_ _3b2\"> </span>Bo<span class=\"_ _0\"></span>rrowi<span class=\"_ _0\"></span>ngs are rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d initi<span class=\"_ _0\"></span>ally at fair valu<span class=\"_ _0\"></span>e, ne<span class=\"_ _0\"></span>t of transac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n cos<span class=\"_ _0\"></span>ts. Bo<span class=\"_ _0\"></span>rrow<span class=\"_ _0\"></span>ings are su<span class=\"_ _0\"></span>bse<span class=\"_ _0\"></span>que<span class=\"_ _0\"></span>ntly s<span class=\"_ _0\"></span>tated at amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tise<span class=\"_ _0\"></span>d cos<span class=\"_ _0\"></span>t. T<span class=\"_ _0\"></span>he dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en th<span class=\"_ _0\"></span>e net p<span class=\"_ _0\"></span>roc<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>ds an<span class=\"_ _0\"></span>d the re<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>mpti<span class=\"_ _0\"></span>on val<span class=\"_ _0\"></span>ue 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 st<span class=\"_ _0\"></span>ateme<span class=\"_ _0\"></span>nt over th<span class=\"_ _0\"></span>e bo<span class=\"_ _0\"></span>rrowi<span class=\"_ _0\"></span>ng p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>od us<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e ef<span class=\"_ _0\"></span>fect<span class=\"_ _0\"></span>ive intere<span class=\"_ _0\"></span>st rate meth<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Othe<span class=\"_ _0\"></span>r financial liabilities<span class=\"_ _3b2\"> </span>Ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al liabi<span class=\"_ _0\"></span>litie<span class=\"_ _0\"></span>s incl<span class=\"_ _0\"></span>ude d<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>vative lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>, repu<span class=\"_ _0\"></span>rch<span class=\"_ _0\"></span>ase agre<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s and trail c<span class=\"_ _0\"></span>omm<span class=\"_ _0\"></span>issio<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>, which are m<span class=\"_ _0\"></span>easu<span class=\"_ _0\"></span>red at F<span class=\"_ _0\"></span>V<span class=\"_ _3\"></span>TP<span class=\"_ _0\"></span>L<span class=\"_ _0\"></span>, while oth<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span> payabl<span class=\"_ _0\"></span>e balan<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>s are measu<span class=\"_ _0\"></span>red at amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>ed co<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>. Derivativ<span class=\"_ _1\"></span>es<span class=\"_ _3b2\"> </span>De<span class=\"_ _0\"></span>rivat<span class=\"_ _0\"></span>ives are ini<span class=\"_ _0\"></span>tiall<span class=\"_ _0\"></span>y rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ised at fair valu<span class=\"_ _0\"></span>e on the date on whic<span class=\"_ _0\"></span>h the de<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>vative co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>ct is entere<span class=\"_ _0\"></span>d into. Th<span class=\"_ _0\"></span>e Group\u2019s der<span class=\"_ _0\"></span>ivati<span class=\"_ _0\"></span>ves<span class=\"_ _0\"></span>, other th<span class=\"_ _0\"></span>an thos<span class=\"_ _0\"></span>e desig<span class=\"_ _0\"></span>nated as he<span class=\"_ _0\"></span>dgin<span class=\"_ _0\"></span>g inst<span class=\"_ _0\"></span>rum<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s in cash f<span class=\"_ _0\"></span>low or net inve<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent he<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>es, are in<span class=\"_ _0\"></span>str<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ents he<span class=\"_ _0\"></span>ld for trad<span class=\"_ _0\"></span>ing and<span class=\"_ _0\"></span>, are the<span class=\"_ _0\"></span>refore ac<span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>nted for<span class=\"_ gsec\"> </span>at F<span class=\"_ _0\"></span>V<span class=\"_ _3\"></span>TP<span class=\"_ _0\"></span>L<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>De<span class=\"_ _0\"></span>rivat<span class=\"_ _0\"></span>ives may be em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>dd<span class=\"_ _0\"></span>ed in anoth<span class=\"_ _0\"></span>er c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>actu<span class=\"_ _0\"></span>al arr<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>. If suc<span class=\"_ _0\"></span>h a hybrid c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t cont<span class=\"_ _0\"></span>ains a hos<span class=\"_ _0\"></span>t that is a fina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l asset<span class=\"_ _0\"></span>, the Gro<span class=\"_ _0\"></span>up asse<span class=\"_ _0\"></span>sses th<span class=\"_ _0\"></span>e entire c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act for cl<span class=\"_ _0\"></span>assif<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>cati<span class=\"_ _0\"></span>on and me<span class=\"_ _0\"></span>asure<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt pur<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>. Ot<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ise, th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p acc<span class=\"_ _0\"></span>ount<span class=\"_ _0\"></span>s for an embe<span class=\"_ _0\"></span>dd<span class=\"_ _0\"></span>ed de<span class=\"_ _0\"></span>riv<span class=\"_ _0\"></span>ative sep<span class=\"_ _0\"></span>aratel<span class=\"_ _0\"></span>y from th<span class=\"_ _0\"></span>e host c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t when:<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">its e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>no<span class=\"_ _0\"></span>mic c<span class=\"_ _0\"></span>hara<span class=\"_ _0\"></span>cter<span class=\"_ _0\"></span>isti<span class=\"_ _0\"></span>cs an<span class=\"_ _0\"></span>d risk<span class=\"_ _0\"></span>s are not c<span class=\"_ _0\"></span>lose<span class=\"_ _0\"></span>ly re<span class=\"_ _0\"></span>lated to tho<span class=\"_ _0\"></span>se of the h<span class=\"_ _0\"></span>ost c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>t<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">the ter<span class=\"_ _0\"></span>ms of the e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d der<span class=\"_ _0\"></span>ivati<span class=\"_ _0\"></span>ve woul<span class=\"_ _0\"></span>d have met t<span class=\"_ _0\"></span>he def<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>n of a de<span class=\"_ _0\"></span>riva<span class=\"_ _0\"></span>tive if th<span class=\"_ _0\"></span>ey were c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>aine<span class=\"_ _0\"></span>d in a s<span class=\"_ _0\"></span>epar<span class=\"_ _0\"></span>ate con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>t<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">the hyb<span class=\"_ _0\"></span>rid co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>act is not me<span class=\"_ _0\"></span>asure<span class=\"_ _0\"></span>d at F<span class=\"_ _0\"></span>V<span class=\"_ _3\"></span>TP<span class=\"_ _0\"></span>L<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></span>Th<span class=\"_ _0\"></span>ese em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>dde<span class=\"_ _0\"></span>d der<span class=\"_ _0\"></span>ivati<span class=\"_ _0\"></span>ves are sep<span class=\"_ _0\"></span>aratel<span class=\"_ _0\"></span>y acc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ted for at F<span class=\"_ _0\"></span>V<span class=\"_ _3\"></span>TPL<span class=\"_ _3\"></span>, unless th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p cho<span class=\"_ _0\"></span>oses to desi<span class=\"_ _0\"></span>gnate the ent<span class=\"_ _0\"></span>ire hybr<span class=\"_ _0\"></span>id co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>ct at F<span class=\"_ _0\"></span>V<span class=\"_ _3\"></span>TP<span class=\"_ _0\"></span>L<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>A der<span class=\"_ _0\"></span>ivati<span class=\"_ _0\"></span>ve em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>dde<span class=\"_ _0\"></span>d in a ho<span class=\"_ _0\"></span>st in<span class=\"_ _0\"></span>sura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e or rei<span class=\"_ _0\"></span>nsur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>act is n<span class=\"_ _0\"></span>ot ac<span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>nted for s<span class=\"_ _0\"></span>epa<span class=\"_ _0\"></span>rately f<span class=\"_ _0\"></span>rom th<span class=\"_ _0\"></span>e hos<span class=\"_ _0\"></span>t co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>act if t<span class=\"_ _0\"></span>he e<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>dd<span class=\"_ _0\"></span>ed der<span class=\"_ _0\"></span>ivati<span class=\"_ _0\"></span>ve itse<span class=\"_ _0\"></span>lf me<span class=\"_ _0\"></span>ets the def<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>n of an insura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e or reins<span class=\"_ _0\"></span>uran<span class=\"_ _0\"></span>ce c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Coll<span class=\"_ _0\"></span>ater<span class=\"_ _0\"></span>al<span class=\"_ _3b2\"> </span>Co<span class=\"_ _0\"></span>llatera<span class=\"_ _0\"></span>l rece<span class=\"_ _0\"></span>ive<span class=\"_ _0\"></span>d in the form of cash<span class=\"_ _0\"></span>, whic<span class=\"_ _0\"></span>h is not leg<span class=\"_ _0\"></span>ally se<span class=\"_ _0\"></span>gre<span class=\"_ _0\"></span>gated fro<span class=\"_ _0\"></span>m the Grou<span class=\"_ _0\"></span>p, is reco<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>sed as an asse<span class=\"_ _0\"></span>t in the Co<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>lidated B<span class=\"_ _0\"></span>alan<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span> Sh<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t with a cor<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>pon<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>g liabili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y for the repay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt in Payab<span class=\"_ _0\"></span>les an<span class=\"_ _0\"></span>d other f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>l liabili<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>. Howeve<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>, where th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p has a curre<span class=\"_ _0\"></span>ntly<span class=\"_ _0\"></span> enforc<span class=\"_ _0\"></span>eab<span class=\"_ _0\"></span>le le<span class=\"_ _0\"></span>gal rig<span class=\"_ _0\"></span>ht of set-<span class=\"_ _0\"></span>of<span class=\"_ _0\"></span>f and the ab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y and in<span class=\"_ _0\"></span>tent to net set<span class=\"_ _0\"></span>tle<span class=\"_ _0\"></span>, the co<span class=\"_ _0\"></span>llatera<span class=\"_ _0\"></span>l liabili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y and ass<span class=\"_ _0\"></span>oci<span class=\"_ _0\"></span>ated der<span class=\"_ _0\"></span>ivati<span class=\"_ _0\"></span>ve balan<span class=\"_ _0\"></span>ces are sh<span class=\"_ _0\"></span>own net<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Non<span class=\"_ _3\"></span>-<span class=\"_ _0\"></span>cas<span class=\"_ _0\"></span>h co<span class=\"_ _0\"></span>llatera<span class=\"_ _0\"></span>l rec<span class=\"_ _0\"></span>eive<span class=\"_ _0\"></span>d is not re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>sed i<span class=\"_ _0\"></span>n the C<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>olid<span class=\"_ _0\"></span>ated B<span class=\"_ _0\"></span>alan<span class=\"_ _0\"></span>ce S<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>et un<span class=\"_ _0\"></span>les<span class=\"_ _0\"></span>s the tr<span class=\"_ _0\"></span>ansfer of th<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>llater<span class=\"_ _0\"></span>al me<span class=\"_ _0\"></span>ets th<span class=\"_ _0\"></span>e de<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>niti<span class=\"_ _0\"></span>on cri<span class=\"_ _0\"></span>teri<span class=\"_ _0\"></span>a from the p<span class=\"_ _0\"></span>ers<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ve of the transfer<span class=\"_ _0\"></span>or. <span class=\"_ _1\"></span>Su<span class=\"_ _0\"></span>ch co<span class=\"_ _0\"></span>llatera<span class=\"_ _0\"></span>l is typ<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ally re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d whe<span class=\"_ _0\"></span>n the Grou<span class=\"_ _0\"></span>p eit<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>: (a<span class=\"_ _1\"></span>) sells or rep<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>s these ass<span class=\"_ _0\"></span>ets in the abs<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>e of default<span class=\"_ _0\"></span>, at whic<span class=\"_ _0\"></span>h point th<span class=\"_ _0\"></span>e obli<span class=\"_ _0\"></span>gatio<span class=\"_ _0\"></span>n to return this co<span class=\"_ _0\"></span>llater<span class=\"_ _0\"></span>al is reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed as a liabil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>; or (b) the cou<span class=\"_ _0\"></span>nter<span class=\"_ _0\"></span>par<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y to the arr<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span> defaul<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>, at which po<span class=\"_ _0\"></span>int the co<span class=\"_ _0\"></span>llater<span class=\"_ _0\"></span>al is seized and re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed as an asse<span class=\"_ _0\"></span>t. Co<span class=\"_ _0\"></span>llatera<span class=\"_ _0\"></span>l pled<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>d in the form of cash<span class=\"_ _0\"></span>, whic<span class=\"_ _0\"></span>h is leg<span class=\"_ _0\"></span>ally se<span class=\"_ _0\"></span>gre<span class=\"_ _0\"></span>gated fro<span class=\"_ _0\"></span>m the Grou<span class=\"_ _0\"></span>p, is dere<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed fro<span class=\"_ _0\"></span>m the statem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t of finan<span class=\"_ _0\"></span>cial p<span class=\"_ _0\"></span>osit<span class=\"_ _0\"></span>ion wi<span class=\"_ _0\"></span>th a<span class=\"_ gsec\"> </span>cor<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>ndin<span class=\"_ _0\"></span>g rec<span class=\"_ _0\"></span>eiva<span class=\"_ _0\"></span>ble re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d for its retu<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>. Non<span class=\"_ _0\"></span>-<span class=\"_ _3\"></span>cash c<span class=\"_ _0\"></span>ollate<span class=\"_ _0\"></span>ral ple<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>ed is not der<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ised fr<span class=\"_ _0\"></span>om the st<span class=\"_ _0\"></span>ateme<span class=\"_ _0\"></span>nt of fina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al posi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n unle<span class=\"_ _0\"></span>ss the Gro<span class=\"_ _0\"></span>up defau<span class=\"_ _0\"></span>lts on i<span class=\"_ _0\"></span>ts oblig<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns und<span class=\"_ _0\"></span>er the re<span class=\"_ _0\"></span>levan<span class=\"_ _0\"></span>t agree<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>, and the<span class=\"_ _0\"></span>refore co<span class=\"_ _0\"></span>ntinu<span class=\"_ _0\"></span>es to be reco<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>sed in th<span class=\"_ _0\"></span>e Con<span class=\"_ _0\"></span>soli<span class=\"_ _0\"></span>dated Bal<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e Sh<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t within F<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l investm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s.<span class=\"_ _3b2\"> </span>Impairment<span class=\"_ _1\"></span> of financi<span class=\"_ _1\"></span>al ass<span class=\"_ _1\"></span>ets<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p asse<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s on a for<span class=\"_ _0\"></span>wa<span class=\"_ _0\"></span>rd<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>ok<span class=\"_ _0\"></span>ing b<span class=\"_ _0\"></span>asis th<span class=\"_ _0\"></span>e exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted cre<span class=\"_ _0\"></span>dit l<span class=\"_ _0\"></span>oss (<span class=\"_ _0\"></span>ECL) a<span class=\"_ _0\"></span>sso<span class=\"_ _0\"></span>ciated w<span class=\"_ _0\"></span>ith i<span class=\"_ _0\"></span>ts f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s meas<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>d at amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>ed c<span class=\"_ _0\"></span>ost<span class=\"_ _0\"></span> and F<span class=\"_ _3\"></span>VOCI<span class=\"_ _0\"></span>, and rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>s a loss allowan<span class=\"_ _0\"></span>ce for su<span class=\"_ _0\"></span>ch los<span class=\"_ _0\"></span>ses at eac<span class=\"_ _0\"></span>h repo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng date. E<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted cre<span class=\"_ _0\"></span>dit lo<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s are defi<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>d as the prese<span class=\"_ _0\"></span>nt valu<span class=\"_ _0\"></span>e of the dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nce b<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n all cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>tual c<span class=\"_ _0\"></span>ash fl<span class=\"_ _0\"></span>ows that are due and all c<span class=\"_ _0\"></span>ash fl<span class=\"_ _0\"></span>ows that the en<span class=\"_ _0\"></span>tit<span class=\"_ _0\"></span>y exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ts to recei<span class=\"_ _0\"></span>ve (i.e. th<span class=\"_ _0\"></span>e cash sh<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>tfall<span class=\"_ _0\"></span>), weigh<span class=\"_ _0\"></span>ted base<span class=\"_ _0\"></span>d on thei<span class=\"_ _0\"></span>r prob<span class=\"_ _0\"></span>abili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y of occu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e. Th<span class=\"_ _0\"></span>e loss all<span class=\"_ _0\"></span>owanc<span class=\"_ _0\"></span>e rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ised un<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r IFR<span class=\"_ _0\"></span>S 9 can be equ<span class=\"_ _0\"></span>al to an amoun<span class=\"_ _0\"></span>t cor<span class=\"_ _0\"></span>resp<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ding to a 1<span class=\"_ _1\"></span>2-m<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>th ECL or a lifeti<span class=\"_ _0\"></span>me ECL<span class=\"_ _0\"></span>. A lifetim<span class=\"_ _0\"></span>e ECL is the EC<span class=\"_ _0\"></span>L resul<span class=\"_ _0\"></span>ting fro<span class=\"_ _0\"></span>m all pos<span class=\"_ _0\"></span>sibl<span class=\"_ _0\"></span>e defaul<span class=\"_ _0\"></span>t events over th<span class=\"_ _0\"></span>e expe<span class=\"_ _0\"></span>cted life of the fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>; a 1<span class=\"_ _1\"></span>2-m<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>h ECL is the po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on of lifetim<span class=\"_ _0\"></span>e ECL resu<span class=\"_ _0\"></span>ltin<span class=\"_ _0\"></span>g from defau<span class=\"_ _0\"></span>lt even<span class=\"_ _0\"></span>ts on a fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial asse<span class=\"_ _0\"></span>t that are pos<span class=\"_ _0\"></span>sibl<span class=\"_ _0\"></span>e withi<span class=\"_ _0\"></span>n the 1<span class=\"_ _1\"></span>2 months af<span class=\"_ _0\"></span>ter th<span class=\"_ _0\"></span>e repo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g date. For a fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial ass<span class=\"_ _0\"></span>et that is cre<span class=\"_ _0\"></span>dit-<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>pai<span class=\"_ _0\"></span>red at the rep<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>ting date, bu<span class=\"_ _0\"></span>t that is not a purc<span class=\"_ _0\"></span>hase<span class=\"_ _0\"></span>d or ori<span class=\"_ _0\"></span>ginate<span class=\"_ _0\"></span>d credi<span class=\"_ _0\"></span>t-<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>paire<span class=\"_ _0\"></span>d fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial asse<span class=\"_ _0\"></span>t, ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cted cre<span class=\"_ _0\"></span>dit lo<span class=\"_ _0\"></span>sses are m<span class=\"_ _0\"></span>easu<span class=\"_ _0\"></span>red as the dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en the ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>\u2019s gross car<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 and the pre<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>t value of estim<span class=\"_ _0\"></span>ated fu<span class=\"_ _0\"></span>ture cas<span class=\"_ _0\"></span>h flows<span class=\"_ _0\"></span>, disc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ted at the fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial asse<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>\u2019s origin<span class=\"_ _0\"></span>al effe<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ve interes<span class=\"_ _0\"></span>t rate. Any adjus<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent is rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in profi<span class=\"_ _0\"></span>t or los<span class=\"_ _0\"></span>s as an impair<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt gain or l<span class=\"_ _0\"></span>oss<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Group d<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>nes defa<span class=\"_ _0\"></span>ult on a f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial ass<span class=\"_ _0\"></span>et as the ina<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y to meet in full an<span class=\"_ _0\"></span>d on time an or<span class=\"_ _0\"></span>igin<span class=\"_ _0\"></span>al prom<span class=\"_ _0\"></span>ise of expe<span class=\"_ _0\"></span>cted c<span class=\"_ _0\"></span>ash fl<span class=\"_ _0\"></span>ows, th<span class=\"_ _0\"></span>e amou<span class=\"_ _0\"></span>nt and timi<span class=\"_ _0\"></span>ng of which are d<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>d with ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tai<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>y. <span class=\"_ _1\"></span>Any b<span class=\"_ _0\"></span>reac<span class=\"_ _0\"></span>h of this promis<span class=\"_ _0\"></span>e, by any amou<span class=\"_ _0\"></span>nt or tim<span class=\"_ _0\"></span>e (in excess of any potenti<span class=\"_ _0\"></span>al plan<span class=\"_ _0\"></span>ned gr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>e per<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d), c<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>titu<span class=\"_ _0\"></span>tes a default<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>is is consi<span class=\"_ _0\"></span>stent wit<span class=\"_ _0\"></span>h the def<span class=\"_ _0\"></span>ini<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of default use<span class=\"_ _0\"></span>d for intern<span class=\"_ _0\"></span>al cre<span class=\"_ _0\"></span>dit ris<span class=\"_ _0\"></span>k manag<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent pu<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>s. An as<span class=\"_ _0\"></span>set is cre<span class=\"_ _0\"></span>dit-<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>paire<span class=\"_ _0\"></span>d whe<span class=\"_ _0\"></span>n one or m<span class=\"_ _0\"></span>ore event<span class=\"_ _0\"></span>s that have a detri<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>tal imp<span class=\"_ _0\"></span>act o<span class=\"_ _0\"></span>n the esti<span class=\"_ _0\"></span>mated fu<span class=\"_ _0\"></span>ture cas<span class=\"_ _0\"></span>h fl<span class=\"_ _0\"></span>ows of that finan<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>l asset have oc<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>red<span class=\"_ _0\"></span>. Evide<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e that a fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial asse<span class=\"_ _0\"></span>t is credi<span class=\"_ _0\"></span>t-<span class=\"_ _0\"></span>imp<span class=\"_ _0\"></span>aire<span class=\"_ _0\"></span>d incl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>s the followi<span class=\"_ _0\"></span>ng obse<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ble dat<span class=\"_ _0\"></span>a:<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">signi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>can<span class=\"_ _0\"></span>t fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial di<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>cul<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y of the b<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>rower<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">a breac<span class=\"_ _0\"></span>h of contr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>, suc<span class=\"_ _0\"></span>h as a default or pas<span class=\"_ _0\"></span>t due eve<span class=\"_ _0\"></span>nt<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">the res<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>uct<span class=\"_ _0\"></span>ure of a lo<span class=\"_ _0\"></span>an by the G<span class=\"_ _0\"></span>roup o<span class=\"_ _0\"></span>n ter<span class=\"_ _0\"></span>ms whi<span class=\"_ _0\"></span>ch it wo<span class=\"_ _0\"></span>uld n<span class=\"_ _0\"></span>ot othe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>wise c<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">it be<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>mes p<span class=\"_ _0\"></span>roba<span class=\"_ _0\"></span>ble that th<span class=\"_ _0\"></span>e bor<span class=\"_ _0\"></span>rower will en<span class=\"_ _0\"></span>ter bank<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>ptcy or othe<span class=\"_ _0\"></span>r fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial reo<span class=\"_ _0\"></span>rga<span class=\"_ _0\"></span>nisati<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></span>A fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al asse<span class=\"_ _0\"></span>t is writ<span class=\"_ _0\"></span>ten of<span class=\"_ _0\"></span>f when th<span class=\"_ _0\"></span>ere is no reas<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>ble exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tati<span class=\"_ _0\"></span>on of recove<span class=\"_ _0\"></span>rin<span class=\"_ _0\"></span>g the co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>ctu<span class=\"_ _0\"></span>al cash f<span class=\"_ _0\"></span>lows<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e ECL mo<span class=\"_ _0\"></span>del is ru<span class=\"_ _0\"></span>n from th<span class=\"_ _0\"></span>e date of <span class=\"_ _1\"></span>ini<span class=\"_ _0\"></span>tial rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>niti<span class=\"_ _0\"></span>on of a fina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al asset<span class=\"_ _0\"></span>, and it<span class=\"_ _0\"></span>s outp<span class=\"_ _0\"></span>ut up<span class=\"_ _0\"></span>dated at ever<span class=\"_ _3\"></span>y repor<span class=\"_ _3\"></span>ting p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>, even if no actu<span class=\"_ _0\"></span>al los<span class=\"_ _0\"></span>s events have taken pl<span class=\"_ _0\"></span>ace<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e impac<span class=\"_ _0\"></span>t of updati<span class=\"_ _0\"></span>ng the in<span class=\"_ _0\"></span>put<span class=\"_ _0\"></span>s of the ECL mod<span class=\"_ _0\"></span>el in the re<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g per<span class=\"_ _0\"></span>iod is re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d in prof<span class=\"_ _0\"></span>it or lo<span class=\"_ _0\"></span>ss dire<span class=\"_ _0\"></span>ctl<span class=\"_ _0\"></span>y where i<span class=\"_ _0\"></span>t affe<span class=\"_ _0\"></span>cts the c<span class=\"_ _0\"></span>arr<span class=\"_ _3\"></span>yin<span class=\"_ _0\"></span>g value of fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial asse<span class=\"_ _0\"></span>ts at amor<span class=\"_ _3\"></span>tise<span class=\"_ _0\"></span>d cost<span class=\"_ _0\"></span>, whil<span class=\"_ _0\"></span>e for assets at F<span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>OCI an e<span class=\"_ _0\"></span>qual an<span class=\"_ _0\"></span>d opp<span class=\"_ _0\"></span>osi<span class=\"_ _0\"></span>te moveme<span class=\"_ _0\"></span>nt is reco<span class=\"_ _0\"></span>rde<span class=\"_ _0\"></span>d in othe<span class=\"_ _0\"></span>r comprehen<span class=\"_ _1\"></span>siv<span class=\"_ _1\"></span>e incom<span class=\"_ _1\"></span>e. In orde<span class=\"_ _0\"></span>r to determi<span class=\"_ _0\"></span>ne whe<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r the Gro<span class=\"_ _0\"></span>up meas<span class=\"_ _0\"></span>ures EC<span class=\"_ _0\"></span>Ls at an am<span class=\"_ _0\"></span>ount e<span class=\"_ _0\"></span>qual to 1<span class=\"_ _1\"></span>2-<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>nth ECL o<span class=\"_ _0\"></span>r lifetime EC<span class=\"_ _0\"></span>L<span class=\"_ _0\"></span>, at each re<span class=\"_ _0\"></span>por<span class=\"_ _3\"></span>ting pe<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>od the Gr<span class=\"_ _0\"></span>oup<span class=\"_ _0\"></span> is requi<span class=\"_ _0\"></span>red to asses<span class=\"_ _0\"></span>s which \u2018st<span class=\"_ _0\"></span>age\u2019 a f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial as<span class=\"_ _0\"></span>set falls into. S<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ges ref<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>ct the g<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>ral pat<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>n of deteri<span class=\"_ _0\"></span>orat<span class=\"_ _0\"></span>ion in cre<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t risk of a fina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al inst<span class=\"_ _0\"></span>rum<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t that ulti<span class=\"_ _0\"></span>mately defa<span class=\"_ _0\"></span>ults<span class=\"_ _0\"></span>, as follows:<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">S<span class=\"_ _0\"></span>tag<span class=\"_ _0\"></span>e 1 inclu<span class=\"_ _0\"></span>des f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>ally he<span class=\"_ _0\"></span>althy f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al assets th<span class=\"_ _0\"></span>at are expe<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d to <span class=\"_ _1\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>m in line with th<span class=\"_ _0\"></span>eir c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>ual term<span class=\"_ _0\"></span>s, and wh<span class=\"_ _0\"></span>ich have no sig<span class=\"_ _0\"></span>ns </span>of<span class=\"_ gsec\"> </span>inc<span class=\"_ _0\"></span>rease<span class=\"_ _0\"></span>d cred<span class=\"_ _0\"></span>it ris<span class=\"_ _0\"></span>k<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>age 2 includ<span class=\"_ _0\"></span>es fina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al assets for which a <span class=\"_ _1\"></span>signi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>nt increa<span class=\"_ _0\"></span>se in <span class=\"_ _1\"></span>cre<span class=\"_ _0\"></span>dit risk has occ<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>red sinc<span class=\"_ _0\"></span>e initial rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>, but which are not <span class=\"_ _1\"></span>cre<span class=\"_ _0\"></span>dit-<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>mpai<span class=\"_ _0\"></span>red<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">S<span class=\"_ _0\"></span>tag<span class=\"_ _0\"></span>e 3 applie<span class=\"_ _0\"></span>s to credit-<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>mpai<span class=\"_ _0\"></span>red f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial in<span class=\"_ _0\"></span>str<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></span>Wh<span class=\"_ _0\"></span>en fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial ass<span class=\"_ _0\"></span>ets are un<span class=\"_ _0\"></span>der S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>age 1, <span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>2-<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>nth EC<span class=\"_ _0\"></span>Ls are re<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 fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial asse<span class=\"_ _0\"></span>ts are unde<span class=\"_ _0\"></span>r S<span class=\"_ _0\"></span>tag<span class=\"_ _0\"></span>e 2 or 3, lifetim<span class=\"_ _0\"></span>e ECL<span class=\"_ _0\"></span>s are rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d. An in<span class=\"_ _0\"></span>str<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ent move<span class=\"_ _0\"></span>s down (or up<span class=\"_ _1\"></span>) the stag<span class=\"_ _0\"></span>es whe<span class=\"_ _0\"></span>n a signif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant in<span class=\"_ _0\"></span>creas<span class=\"_ _0\"></span>e in cred<span class=\"_ _0\"></span>it ris<span class=\"_ _0\"></span>k (SICR) has hap<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ned (or has rever<span class=\"_ _0\"></span>sed<span class=\"_ _0\"></span>). Wh<span class=\"_ _0\"></span>en deter<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ning wh<span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span>er the cre<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t risk of a fina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al instr<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ent has in<span class=\"_ _0\"></span>cre<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>d signif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>antl<span class=\"_ _0\"></span>y sinc<span class=\"_ _0\"></span>e init<span class=\"_ _0\"></span>ial rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>niti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>, the Grou<span class=\"_ _0\"></span>p con<span class=\"_ _0\"></span>side<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span> reaso<span class=\"_ _0\"></span>nab<span class=\"_ _0\"></span>le and su<span class=\"_ _0\"></span>ppo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ble infor<span class=\"_ _0\"></span>mati<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>, both qua<span class=\"_ _0\"></span>litat<span class=\"_ _0\"></span>ive and qua<span class=\"_ _0\"></span>ntit<span class=\"_ _0\"></span>ative<span class=\"_ _0\"></span>, that is releva<span class=\"_ _0\"></span>nt and is availab<span class=\"_ _0\"></span>le with<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>t undu<span class=\"_ _0\"></span>e cos<span class=\"_ _0\"></span>t or effo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>, incl<span class=\"_ _0\"></span>udin<span class=\"_ _0\"></span>g for<span class=\"_ _0\"></span>ward<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>oo<span class=\"_ _0\"></span>kin<span class=\"_ _0\"></span>g inform<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n at its dispo<span class=\"_ _0\"></span>sal<span class=\"_ _0\"></span>. Key indic<span class=\"_ _0\"></span>ators use<span class=\"_ _0\"></span>d in orde<span class=\"_ _0\"></span>r to determi<span class=\"_ _0\"></span>ne whe<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r a SIC<span class=\"_ _0\"></span>R has occ<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>red (eithe<span class=\"_ _0\"></span>r in isol<span class=\"_ _0\"></span>ation o<span class=\"_ _0\"></span>r in combination) <span class=\"_ _1\"></span>are:<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">deter<span class=\"_ _0\"></span>ior<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n in rating gr<span class=\"_ _0\"></span>ade be<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n origi<span class=\"_ _0\"></span>natio<span class=\"_ _0\"></span>n date and rep<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ing date. T<span class=\"_ _0\"></span>he level of dete<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>ratio<span class=\"_ _0\"></span>n requ<span class=\"_ _0\"></span>ired by an ind<span class=\"_ _0\"></span>ivid<span class=\"_ _0\"></span>ual ass<span class=\"_ _0\"></span>et is deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ed </span>usin<span class=\"_ _0\"></span>g a relati<span class=\"_ _0\"></span>ve ratin<span class=\"_ _0\"></span>g matr<span class=\"_ _0\"></span>ix<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">exp<span class=\"_ _0\"></span>osure is i<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>ntif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d on th<span class=\"_ _0\"></span>e invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>rs\u2019 \u2018<span class=\"_ _0\"></span>watchlis<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>\u2019<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">exp<span class=\"_ _0\"></span>osure is i<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>ntif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d on inte<span class=\"_ _0\"></span>rnal \u2018c<span class=\"_ _0\"></span>red<span class=\"_ _0\"></span>it watchl<span class=\"_ _0\"></span>ists\u2019<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">a manua<span class=\"_ _0\"></span>l shif<span class=\"_ _0\"></span>t of an expo<span class=\"_ _0\"></span>sure to S<span class=\"_ _0\"></span>tage 2 on an exce<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>nal basis (whe<span class=\"_ _0\"></span>re requi<span class=\"_ _0\"></span>red<span class=\"_ _0\"></span>, using ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt jud<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t).<span class=\"_ _3b2\"> </span></span>Th<span class=\"_ _0\"></span>e provis<span class=\"_ _0\"></span>ions of I<span class=\"_ _0\"></span>FR<span class=\"_ _0\"></span>S 9 inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>e a reb<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ble p<span class=\"_ _0\"></span>resu<span class=\"_ _0\"></span>mptio<span class=\"_ _0\"></span>n that t<span class=\"_ _0\"></span>he cre<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t risk o<span class=\"_ _0\"></span>n a f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial a<span class=\"_ _0\"></span>sset h<span class=\"_ _0\"></span>as in<span class=\"_ _0\"></span>creas<span class=\"_ _0\"></span>ed si<span class=\"_ _0\"></span>gnif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>antl<span class=\"_ _0\"></span>y sin<span class=\"_ _0\"></span>ce in<span class=\"_ _0\"></span>itia<span class=\"_ _0\"></span>l rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>on whe<span class=\"_ _0\"></span>n con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>tual pay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts are mo<span class=\"_ _0\"></span>re than 30 days pas<span class=\"_ _0\"></span>t due<span class=\"_ _0\"></span>, whic<span class=\"_ _0\"></span>h is taken into acco<span class=\"_ _0\"></span>unt for this ass<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p makes u<span class=\"_ _0\"></span>se of a pra<span class=\"_ _0\"></span>ctic<span class=\"_ _0\"></span>al ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>die<span class=\"_ _0\"></span>nt availab<span class=\"_ _0\"></span>le in I<span class=\"_ _0\"></span>FR<span class=\"_ _0\"></span>S 9 whe<span class=\"_ _0\"></span>reby i<span class=\"_ _0\"></span>t can b<span class=\"_ _0\"></span>e ass<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>d that t<span class=\"_ _0\"></span>he cr<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>t risk o<span class=\"_ _0\"></span>n a f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>l inst<span class=\"_ _0\"></span>rum<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t has<span class=\"_ gsec\"> </span>not<span class=\"_ gsec\"> </span>i<span class=\"_ _0\"></span>ncre<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>d signif<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>can<span class=\"_ _0\"></span>tly sin<span class=\"_ _0\"></span>ce ini<span class=\"_ _0\"></span>tial rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>niti<span class=\"_ _0\"></span>on if the f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al instr<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ent is de<span class=\"_ _0\"></span>termi<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>d to have <span class=\"_ _1\"></span>low cre<span class=\"_ _0\"></span>dit ris<span class=\"_ _0\"></span>k at the repo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng date (e.g.<span class=\"_ gsec\"> </span>investm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t grade as de<span class=\"_ _0\"></span>term<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d by the Group<span class=\"_ _0\"></span>\u2019s asset manag<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s). <span class=\"_ _1\"></span>This all<span class=\"_ _0\"></span>ows reco<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of 1<span class=\"_ _1\"></span>2-m<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>h ECL<span class=\"_ _0\"></span>s as oppo<span class=\"_ _0\"></span>sed to, poten<span class=\"_ _0\"></span>tiall<span class=\"_ _0\"></span>y, lifetim<span class=\"_ _0\"></span>e ECL<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>his is dee<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>d to be the case wh<span class=\"_ _0\"></span>ere asse<span class=\"_ _0\"></span>ts that have be<span class=\"_ _0\"></span>en down<span class=\"_ _0\"></span>gra<span class=\"_ _0\"></span>ded re<span class=\"_ _0\"></span>main of go<span class=\"_ _0\"></span>od cre<span class=\"_ _0\"></span>dit qu<span class=\"_ _0\"></span>alit<span class=\"_ _0\"></span>y (i<span class=\"_ _0\"></span>.e. invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt grad<span class=\"_ _0\"></span>e as<span class=\"_ gsec\"> </span>deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ed by the Gro<span class=\"_ _0\"></span>up\u2019s asset ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>ers) as at the repor<span class=\"_ _3\"></span>ting date, to the ex<span class=\"_ _0\"></span>tent th<span class=\"_ _0\"></span>at, whe<span class=\"_ _0\"></span>re rele<span class=\"_ _0\"></span>vant<span class=\"_ _0\"></span>, the Gro<span class=\"_ _0\"></span>up\u2019s internal c<span class=\"_ _0\"></span>redi<span class=\"_ _0\"></span>t risk rat<span class=\"_ _0\"></span>ings<span class=\"_ _0\"></span> are con<span class=\"_ _0\"></span>side<span class=\"_ _0\"></span>red to be co<span class=\"_ _0\"></span>nsiste<span class=\"_ _0\"></span>nt with a glo<span class=\"_ _0\"></span>ball<span class=\"_ _0\"></span>y unde<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>tood def<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>n of \u2018l<span class=\"_ _0\"></span>ow credi<span class=\"_ _0\"></span>t risk<span class=\"_ _3\"></span>\u2019<span class=\"_ _1\"></span>.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Group es<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>ates ECL<span class=\"_ _0\"></span>s on its fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nts at amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>ed co<span class=\"_ _0\"></span>st and de<span class=\"_ _0\"></span>bt ins<span class=\"_ _0\"></span>tru<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts at F<span class=\"_ _0\"></span>VO<span class=\"_ _0\"></span>CI whic<span class=\"_ _0\"></span>h are not cre<span class=\"_ _0\"></span>dit-<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>mpai<span class=\"_ _0\"></span>red by usin<span class=\"_ _0\"></span>g the pro<span class=\"_ _0\"></span>bab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y of defaul<span class=\"_ _0\"></span>t appro<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>h. Bas<span class=\"_ _0\"></span>ed on this m<span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>, the ECL<span class=\"_ _0\"></span>s are a proba<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>-we<span class=\"_ _0\"></span>ighted es<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>ate of <span class=\"_ _1\"></span>the pre<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>t value of estim<span class=\"_ _0\"></span>ated cas<span class=\"_ _0\"></span>h sho<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>falls<span class=\"_ _0\"></span>, i.e. th<span class=\"_ _0\"></span>e weighted aver<span class=\"_ _0\"></span>age of cred<span class=\"_ _0\"></span>it los<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>, with th<span class=\"_ _0\"></span>e respe<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ive risk<span class=\"_ _0\"></span>s of a <span class=\"_ _1\"></span>defaul<span class=\"_ _0\"></span>t oc<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ng use<span class=\"_ _0\"></span>d as the weighti<span class=\"_ _0\"></span>ngs<span class=\"_ _0\"></span>. For this pu<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>, the key elem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s to <span class=\"_ _1\"></span>be ca<span class=\"_ _0\"></span>lcu<span class=\"_ _0\"></span>lated are the Pro<span class=\"_ _0\"></span>bab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y of Defau<span class=\"_ _0\"></span>lt (PD), i.e. th<span class=\"_ _0\"></span>e estim<span class=\"_ _0\"></span>ate of the likeliho<span class=\"_ _0\"></span>od of defaul<span class=\"_ _0\"></span>t over a given tim<span class=\"_ _0\"></span>e hor<span class=\"_ _0\"></span>izon (either<span class=\"_ _0\"></span> 1<span class=\"_ _1\"></span>2 months o<span class=\"_ _0\"></span>r lifetime); the res<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ctive Lo<span class=\"_ _0\"></span>ss Give<span class=\"_ _0\"></span>n Defaul<span class=\"_ _0\"></span>t (LGD); and the E<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>osu<span class=\"_ _0\"></span>re at Default (E<span class=\"_ _3\"></span>A<span class=\"_ _0\"></span>D).<span class=\"_ _3b2\"> </span>E<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>osur<span class=\"_ _0\"></span>es that move into S<span class=\"_ _0\"></span>tag<span class=\"_ _0\"></span>e 3 are able to transi<span class=\"_ _0\"></span>tion ba<span class=\"_ _0\"></span>ck to St<span class=\"_ _0\"></span>age 2 if the ass<span class=\"_ _0\"></span>et no lon<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>r mee<span class=\"_ _0\"></span>ts the def<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>n of default<span class=\"_ _0\"></span>. Sim<span class=\"_ _0\"></span>ilar<span class=\"_ _0\"></span>ly, exposu<span class=\"_ _0\"></span>res will re<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>tran<span class=\"_ _0\"></span>siti<span class=\"_ _0\"></span>on fro<span class=\"_ _0\"></span>m S<span class=\"_ _0\"></span>tage 2 to St<span class=\"_ _0\"></span>age 1 whe<span class=\"_ _0\"></span>re the SI<span class=\"_ _0\"></span>CR in<span class=\"_ _0\"></span>dic<span class=\"_ _0\"></span>ators no lo<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>r app<span class=\"_ _0\"></span>ly. No separate cu<span class=\"_ _0\"></span>re or prob<span class=\"_ _0\"></span>ation p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>ods are ap<span class=\"_ _0\"></span>plie<span class=\"_ _0\"></span>d on the ba<span class=\"_ _0\"></span>sis that asse<span class=\"_ _0\"></span>ts will not be re<span class=\"_ _0\"></span>-<span class=\"_ _3\"></span>rated or moved o<span class=\"_ _0\"></span>ut of defaul<span class=\"_ _0\"></span>t until the<span class=\"_ _0\"></span>re is evide<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e of stabl<span class=\"_ _0\"></span>e and imp<span class=\"_ _0\"></span>roved pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>man<span class=\"_ _0\"></span>ce.<span class=\"_ _3b2\"> </span>In ord<span class=\"_ _0\"></span>er to dete<span class=\"_ _0\"></span>rmi<span class=\"_ _0\"></span>ne 1<span class=\"_ _1\"></span>2-<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>h or lifeti<span class=\"_ _0\"></span>me P<span class=\"_ _0\"></span>Ds th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p\u2019s mod<span class=\"_ _0\"></span>els u<span class=\"_ _0\"></span>tilise hi<span class=\"_ _0\"></span>stori<span class=\"_ _0\"></span>cal d<span class=\"_ _0\"></span>ata ob<span class=\"_ _0\"></span>tain<span class=\"_ _0\"></span>ed fro<span class=\"_ _0\"></span>m S<span class=\"_ _0\"></span>&amp;<span class=\"_ _0\"></span>P an<span class=\"_ _0\"></span>d Mo<span class=\"_ _0\"></span>ody<span class=\"_ _3\"></span>\u2019s in order to eval<span class=\"_ _0\"></span>uate tran<span class=\"_ _0\"></span>siti<span class=\"_ _0\"></span>ons (i.e<span class=\"_ _0\"></span>. the pro<span class=\"_ _0\"></span>babi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y that a se<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>es ratin<span class=\"_ _0\"></span>g in a given year) and defau<span class=\"_ _0\"></span>lts<span class=\"_ _0\"></span>, plus sc<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ario<span class=\"_ _3\"></span>-<span class=\"_ _0\"></span>spe<span class=\"_ _0\"></span>cif<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>c annua<span class=\"_ _0\"></span>l scali<span class=\"_ _0\"></span>ng factor<span class=\"_ _0\"></span>s whic<span class=\"_ _0\"></span>h adjus<span class=\"_ _0\"></span>t the PDs for for<span class=\"_ _0\"></span>wa<span class=\"_ _0\"></span>rd<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>ok<span class=\"_ _0\"></span>ing infor<span class=\"_ _0\"></span>mati<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>. The f<span class=\"_ _0\"></span>inal P<span class=\"_ _0\"></span>Ds prod<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>ed by the mo<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>l are unco<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal<span class=\"_ _0\"></span>, i.e. the<span class=\"_ _0\"></span>y inco<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ate both the pro<span class=\"_ _0\"></span>babi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y of not defaul<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g until the st<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>t of the pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>, and the sub<span class=\"_ _0\"></span>seq<span class=\"_ _0\"></span>uen<span class=\"_ _0\"></span>t prob<span class=\"_ _0\"></span>abili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y of default in that p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>, con<span class=\"_ _0\"></span>diti<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>l on the pos<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>n not havin<span class=\"_ _0\"></span>g defaul<span class=\"_ _0\"></span>ted to that point<span class=\"_ _0\"></span>. This all<span class=\"_ _0\"></span>ows them to be sum<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>d over 1<span class=\"_ _1\"></span>2 months to provid<span class=\"_ _0\"></span>e 1<span class=\"_ _1\"></span>2-<span class=\"_ _0\"></span>mon<span class=\"_ _0\"></span>th PD esti<span class=\"_ _0\"></span>mates<span class=\"_ _0\"></span>, or over all remai<span class=\"_ _0\"></span>nin<span class=\"_ _0\"></span>g mont<span class=\"_ _0\"></span>hs to produc<span class=\"_ _0\"></span>e lifetim<span class=\"_ _0\"></span>e PD estimat<span class=\"_ _1\"></span>es.<span class=\"_ _3b2\"> </span>LGD is the magni<span class=\"_ _0\"></span>tud<span class=\"_ _0\"></span>e of the likely los<span class=\"_ _0\"></span>s if there is a defaul<span class=\"_ _0\"></span>t, ba<span class=\"_ _0\"></span>sed on th<span class=\"_ _0\"></span>e histor<span class=\"_ _3\"></span>y of <span class=\"_ _1\"></span>rec<span class=\"_ _0\"></span>over<span class=\"_ _3\"></span>y rates of <span class=\"_ _1\"></span>clai<span class=\"_ _0\"></span>ms agai<span class=\"_ _0\"></span>nst defau<span class=\"_ _0\"></span>lted c<span class=\"_ _0\"></span>ounter<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s, an<span class=\"_ _0\"></span>d tak<span class=\"_ _0\"></span>ing into acc<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nt coll<span class=\"_ _0\"></span>ateral valu<span class=\"_ _0\"></span>es whe<span class=\"_ _0\"></span>re app<span class=\"_ _0\"></span>lic<span class=\"_ _0\"></span>able<span class=\"_ _0\"></span>. E<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>D rep<span class=\"_ _0\"></span>rese<span class=\"_ _0\"></span>nts the exp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>cted exp<span class=\"_ _0\"></span>osu<span class=\"_ _0\"></span>re in the event of a defaul<span class=\"_ _0\"></span>t. Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p estim<span class=\"_ _0\"></span>ates LGD base<span class=\"_ _0\"></span>d on the histor<span class=\"_ _3\"></span>y of recover<span class=\"_ _3\"></span>y rates of <span class=\"_ _1\"></span>clai<span class=\"_ _0\"></span>ms agai<span class=\"_ _0\"></span>nst defaul<span class=\"_ _0\"></span>ted co<span class=\"_ _0\"></span>unter<span class=\"_ _0\"></span>par<span class=\"_ _3\"></span>ties. A<span class=\"_ _0\"></span>pp<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>riate hairc<span class=\"_ _0\"></span>uts are ap<span class=\"_ _0\"></span>plie<span class=\"_ _0\"></span>d to baselin<span class=\"_ _0\"></span>e unse<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>red LGDs an<span class=\"_ _0\"></span>d used in co<span class=\"_ _0\"></span>njun<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on wit<span class=\"_ _0\"></span>h forec<span class=\"_ _0\"></span>ast co<span class=\"_ _0\"></span>llater<span class=\"_ _0\"></span>al value<span class=\"_ _0\"></span>s to esti<span class=\"_ _0\"></span>mate LGD for assets se<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>ed by coll<span class=\"_ _0\"></span>ateral<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e Group ha<span class=\"_ _0\"></span>s adopte<span class=\"_ _0\"></span>d a simplif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d app<span class=\"_ _0\"></span>roac<span class=\"_ _0\"></span>h for trade re<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ivab<span class=\"_ _0\"></span>les<span class=\"_ _0\"></span>, con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>t asse<span class=\"_ _0\"></span>ts and f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>ce an<span class=\"_ _0\"></span>d ope<span class=\"_ _0\"></span>ratin<span class=\"_ _0\"></span>g lease re<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ivab<span class=\"_ _0\"></span>les<span class=\"_ _0\"></span>. This all<span class=\"_ _0\"></span>ows meas<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t of lifetime ECL<span class=\"_ _0\"></span>s onl<span class=\"_ _0\"></span>y, thereby rem<span class=\"_ _0\"></span>ovin<span class=\"_ _0\"></span>g the ne<span class=\"_ _0\"></span>ed to iden<span class=\"_ _0\"></span>tif<span class=\"_ _0\"></span>y SI<span class=\"_ _0\"></span>CRs<span class=\"_ _0\"></span>. For the<span class=\"_ _0\"></span>se bala<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>s, th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p makes use of provisio<span class=\"_ _0\"></span>n matr<span class=\"_ _0\"></span>ice<span class=\"_ _0\"></span>s in orde<span class=\"_ _0\"></span>r to calcu<span class=\"_ _0\"></span>late such lifeti<span class=\"_ _0\"></span>me EC<span class=\"_ _0\"></span>Ls<span class=\"_ _0\"></span>. This is a prac<span class=\"_ _0\"></span>tic<span class=\"_ _0\"></span>al exp<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>ent all<span class=\"_ _0\"></span>owed by IFR<span class=\"_ _0\"></span>S 9 where<span class=\"_ _0\"></span>by histori<span class=\"_ _0\"></span>cal cr<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>t loss ex<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e and fi<span class=\"_ _0\"></span>xed loss<span class=\"_ _0\"></span> rates are appl<span class=\"_ _0\"></span>ied to the bala<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>s out<span class=\"_ _0\"></span>stan<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>g. Histo<span class=\"_ _0\"></span>ric<span class=\"_ _0\"></span>al los<span class=\"_ _0\"></span>s rates are adjuste<span class=\"_ _0\"></span>d to allow for f<span class=\"_ _1\"></span>or<span class=\"_ _0\"></span>war<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>ok<span class=\"_ _0\"></span>ing infor<span class=\"_ _0\"></span>mati<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Hedge accounting<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Group us<span class=\"_ _0\"></span>es he<span class=\"_ _0\"></span>dge ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>unti<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>, provid<span class=\"_ _0\"></span>ed the pre<span class=\"_ _0\"></span>scr<span class=\"_ _0\"></span>ib<span class=\"_ _0\"></span>ed cr<span class=\"_ _0\"></span>iter<span class=\"_ _0\"></span>ia are met<span class=\"_ _0\"></span>, to reco<span class=\"_ _0\"></span>gnise th<span class=\"_ _0\"></span>e offs<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g effe<span class=\"_ _0\"></span>cts of chan<span class=\"_ _0\"></span>ges in th<span class=\"_ _0\"></span>e fair value or c<span class=\"_ _0\"></span>ash fl<span class=\"_ _0\"></span>ow of the deri<span class=\"_ _0\"></span>vative ins<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nt and th<span class=\"_ _0\"></span>e hedg<span class=\"_ _0\"></span>ed i<span class=\"_ _0\"></span>tem. He<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>e acc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ting ca<span class=\"_ _0\"></span>n be app<span class=\"_ _0\"></span>lied in o<span class=\"_ _0\"></span>rder to:<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">hed<span class=\"_ _0\"></span>ge the ex<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>ure to fair value move<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts of a recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d asset o<span class=\"_ _0\"></span>r liabili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y or an unre<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>irm c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>mitm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t, or a co<span class=\"_ _0\"></span>mpo<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>nt of any </span>suc<span class=\"_ _0\"></span>h item<span class=\"_ _0\"></span>, that is att<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>uta<span class=\"_ _0\"></span>ble to a par<span class=\"_ _0\"></span>tic<span class=\"_ _0\"></span>ular r<span class=\"_ _0\"></span>isk and co<span class=\"_ _0\"></span>uld af<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t the Co<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>lidated In<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me S<span class=\"_ _0\"></span>tate<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">hed<span class=\"_ _0\"></span>ge the ex<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>ure to variab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y in cas<span class=\"_ _0\"></span>h fl<span class=\"_ _0\"></span>ows attr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>tab<span class=\"_ _0\"></span>le to a par<span class=\"_ _0\"></span>tic<span class=\"_ _0\"></span>ular ri<span class=\"_ _0\"></span>sk asso<span class=\"_ _0\"></span>ciate<span class=\"_ _0\"></span>d with all, o<span class=\"_ _0\"></span>r a comp<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ent of, a recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d asset o<span class=\"_ _0\"></span>r </span>liabi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y, or a highly pro<span class=\"_ _0\"></span>babl<span class=\"_ _0\"></span>e forec<span class=\"_ _0\"></span>ast tr<span class=\"_ _0\"></span>ansa<span class=\"_ _0\"></span>ctio<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>, that cou<span class=\"_ _0\"></span>ld affe<span class=\"_ _0\"></span>ct the C<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>olid<span class=\"_ _0\"></span>ated Inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e S<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nt<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">hed<span class=\"_ _0\"></span>ge the ex<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>ure to the cur<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>y risk ass<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>iated with a ne<span class=\"_ _0\"></span>t investm<span class=\"_ _0\"></span>ent in a foreig<span class=\"_ _0\"></span>n ope<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></span>Th<span class=\"_ _0\"></span>e relatio<span class=\"_ _0\"></span>nsh<span class=\"_ _0\"></span>ip bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en the he<span class=\"_ _0\"></span>dgi<span class=\"_ _0\"></span>ng ins<span class=\"_ _0\"></span>tru<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt and the he<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>ed item<span class=\"_ _0\"></span>, toge<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r with the r<span class=\"_ _0\"></span>isk mana<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t obje<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ve and str<span class=\"_ _0\"></span>ategy for und<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>taki<span class=\"_ _0\"></span>ng the he<span class=\"_ _0\"></span>dge tr<span class=\"_ _0\"></span>ansa<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>, are doc<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nted for<span class=\"_ _0\"></span>mall<span class=\"_ _0\"></span>y at the inc<span class=\"_ _0\"></span>eptio<span class=\"_ _0\"></span>n of the trans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e doc<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>ntati<span class=\"_ _0\"></span>on in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>des ide<span class=\"_ _0\"></span>ntif<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>catio<span class=\"_ _0\"></span>n of the hed<span class=\"_ _0\"></span>gin<span class=\"_ _0\"></span>g inst<span class=\"_ _0\"></span>rum<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t, the h<span class=\"_ _0\"></span>edg<span class=\"_ _0\"></span>ed ite<span class=\"_ _0\"></span>m, th<span class=\"_ _0\"></span>e nature of the risk b<span class=\"_ _0\"></span>eing h<span class=\"_ _0\"></span>edg<span class=\"_ _0\"></span>ed an<span class=\"_ _0\"></span>d how the Grou<span class=\"_ _0\"></span>p will asse<span class=\"_ _0\"></span>ss whet<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r the hed<span class=\"_ _0\"></span>gin<span class=\"_ _0\"></span>g relatio<span class=\"_ _0\"></span>nsh<span class=\"_ _0\"></span>ip me<span class=\"_ _0\"></span>ets the he<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>e ef<span class=\"_ _0\"></span>fecti<span class=\"_ _0\"></span>ven<span class=\"_ _0\"></span>ess req<span class=\"_ _0\"></span>uire<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts (inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>ing the an<span class=\"_ _0\"></span>alys<span class=\"_ _0\"></span>is of sourc<span class=\"_ _0\"></span>es of hedg<span class=\"_ _0\"></span>e inef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>tive<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>s and how the he<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>e ratio is deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>). A hedgi<span class=\"_ _0\"></span>ng relati<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>hip qual<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ies for he<span class=\"_ _0\"></span>dge ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>unti<span class=\"_ _0\"></span>ng if it me<span class=\"_ _0\"></span>ets all of the followi<span class=\"_ _0\"></span>ng ef<span class=\"_ _0\"></span>fecti<span class=\"_ _0\"></span>ven<span class=\"_ _0\"></span>ess req<span class=\"_ _0\"></span>uire<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts:<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">the<span class=\"_ _0\"></span>re is an e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>nom<span class=\"_ _0\"></span>ic rel<span class=\"_ _0\"></span>ation<span class=\"_ _0\"></span>ship b<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en th<span class=\"_ _0\"></span>e hed<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>d item a<span class=\"_ _0\"></span>nd th<span class=\"_ _0\"></span>e hed<span class=\"_ _0\"></span>gin<span class=\"_ _0\"></span>g inst<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">the ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t of cre<span class=\"_ _0\"></span>dit r<span class=\"_ _0\"></span>isk d<span class=\"_ _0\"></span>oes n<span class=\"_ _0\"></span>ot do<span class=\"_ _0\"></span>mina<span class=\"_ _0\"></span>te the valu<span class=\"_ _0\"></span>e cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>s that res<span class=\"_ _0\"></span>ult f<span class=\"_ _0\"></span>rom th<span class=\"_ _0\"></span>at ec<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>omi<span class=\"_ _0\"></span>c relat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>ship<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">the h<span class=\"_ _0\"></span>edg<span class=\"_ _0\"></span>e rati<span class=\"_ _0\"></span>o of the he<span class=\"_ _0\"></span>dgi<span class=\"_ _0\"></span>ng rel<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>nshi<span class=\"_ _0\"></span>p is the s<span class=\"_ _0\"></span>ame as t<span class=\"_ _0\"></span>hat res<span class=\"_ _0\"></span>ulti<span class=\"_ _0\"></span>ng fro<span class=\"_ _0\"></span>m the q<span class=\"_ _0\"></span>uant<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y of the h<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>d item th<span class=\"_ _0\"></span>at the G<span class=\"_ _0\"></span>roup a<span class=\"_ _0\"></span>ctu<span class=\"_ _0\"></span>ally h<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>ges<span class=\"_ _0\"></span> </span>and the qu<span class=\"_ _0\"></span>anti<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y of the hedg<span class=\"_ _0\"></span>ing ins<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nt that th<span class=\"_ _0\"></span>e Group ac<span class=\"_ _0\"></span>tual<span class=\"_ _0\"></span>ly uses to hed<span class=\"_ _0\"></span>ge that qu<span class=\"_ _0\"></span>anti<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y of hedge<span class=\"_ _0\"></span>d item<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Cur<span class=\"_ _0\"></span>rent<span class=\"_ _0\"></span>ly, the Group he<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>es foreig<span class=\"_ _0\"></span>n exchan<span class=\"_ _0\"></span>ge tran<span class=\"_ _0\"></span>slati<span class=\"_ _0\"></span>on and inte<span class=\"_ _0\"></span>rest rate risk<span class=\"_ _0\"></span>s on its fi<span class=\"_ _0\"></span>xed rate US<span class=\"_ _0\"></span>D den<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>inated bo<span class=\"_ _0\"></span>rrow<span class=\"_ _0\"></span>ings (the he<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>ed item<span class=\"_ _0\"></span>s), usin<span class=\"_ _0\"></span>g cross<span class=\"_ _0\"></span>-<span class=\"_ _3\"></span>cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cy interes<span class=\"_ _0\"></span>t rate swaps (the hed<span class=\"_ _0\"></span>gin<span class=\"_ _0\"></span>g items). It reco<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>s the ef<span class=\"_ _0\"></span>fecti<span class=\"_ _0\"></span>ve por<span class=\"_ _3\"></span>tion of the gai<span class=\"_ _0\"></span>n or loss o<span class=\"_ _0\"></span>n the hed<span class=\"_ _0\"></span>gin<span class=\"_ _0\"></span>g items in the<span class=\"_ _0\"></span> Co<span class=\"_ _0\"></span>nsol<span class=\"_ _0\"></span>idated S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ateme<span class=\"_ _0\"></span>nt of Com<span class=\"_ _0\"></span>preh<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>ive Inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e and in a sepa<span class=\"_ _0\"></span>rate reser<span class=\"_ _3\"></span>ve within eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y. The gain o<span class=\"_ _0\"></span>r loss rel<span class=\"_ _0\"></span>ating to the inef<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ve por<span class=\"_ _3\"></span>tion is rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d imme<span class=\"_ _0\"></span>diatel<span class=\"_ _0\"></span>y in the Co<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>lidated In<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me S<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>teme<span class=\"_ _0\"></span>nt. A<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>unts ac<span class=\"_ _0\"></span>cum<span class=\"_ _0\"></span>ulated in e<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>ty are re<span class=\"_ _0\"></span>cla<span class=\"_ _0\"></span>ssif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d in the pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>ds whe<span class=\"_ _0\"></span>n the he<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>d item af<span class=\"_ _0\"></span>fects pr<span class=\"_ _0\"></span>ofi<span class=\"_ _0\"></span>t or loss<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Fair<span class=\"_ _1\"></span> value m<span class=\"_ _1\"></span>easurement<span class=\"_ _3b2\"> </span>Fair valu<span class=\"_ _0\"></span>e is th<span class=\"_ _0\"></span>e pri<span class=\"_ _0\"></span>ce th<span class=\"_ _0\"></span>at would b<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>cei<span class=\"_ _0\"></span>ved to se<span class=\"_ _0\"></span>ll an ass<span class=\"_ _0\"></span>et or p<span class=\"_ _0\"></span>aid to tran<span class=\"_ _0\"></span>sfer a lia<span class=\"_ _0\"></span>bilit<span class=\"_ _0\"></span>y i<span class=\"_ _0\"></span>n an ord<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ly tr<span class=\"_ _0\"></span>ansa<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on be<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n mar<span class=\"_ _0\"></span>ket par<span class=\"_ _3\"></span>ticipa<span class=\"_ _0\"></span>nts at the me<span class=\"_ _0\"></span>asure<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt date.<span class=\"_ _3b2\"> </span>Fair valu<span class=\"_ _0\"></span>e measu<span class=\"_ _0\"></span>rem<span class=\"_ _0\"></span>ents are bas<span class=\"_ _0\"></span>ed on o<span class=\"_ _0\"></span>bser<span class=\"_ _3\"></span>vabl<span class=\"_ _0\"></span>e and uno<span class=\"_ _0\"></span>bse<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vab<span class=\"_ _0\"></span>le inp<span class=\"_ _0\"></span>uts<span class=\"_ _0\"></span>. Obse<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ble in<span class=\"_ _0\"></span>put<span class=\"_ _0\"></span>s refle<span class=\"_ _0\"></span>ct ma<span class=\"_ _0\"></span>rket data o<span class=\"_ _0\"></span>btain<span class=\"_ _0\"></span>ed fro<span class=\"_ _0\"></span>m inde<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span> sou<span class=\"_ _0\"></span>rces<span class=\"_ _0\"></span>, whil<span class=\"_ _0\"></span>e unob<span class=\"_ _0\"></span>ser<span class=\"_ _3\"></span>vable in<span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>ts refl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t the Grou<span class=\"_ _0\"></span>p\u2019s view of market assu<span class=\"_ _0\"></span>mpti<span class=\"_ _0\"></span>ons in the ab<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>ce of obse<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ble mar<span class=\"_ _0\"></span>ket infor<span class=\"_ _0\"></span>matio<span class=\"_ _0\"></span>n. T<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up utili<span class=\"_ _0\"></span>ses tech<span class=\"_ _0\"></span>niqu<span class=\"_ _0\"></span>es that ma<span class=\"_ _0\"></span>xi<span class=\"_ _0\"></span>mise the us<span class=\"_ _0\"></span>e of obser<span class=\"_ _3\"></span>vable in<span class=\"_ _0\"></span>put<span class=\"_ _0\"></span>s and mini<span class=\"_ _0\"></span>mise the us<span class=\"_ _0\"></span>e of unobs<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ble in<span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>ts. Th<span class=\"_ _0\"></span>e best ev<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e of the fair value of a fina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al instr<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ent at ini<span class=\"_ _0\"></span>tial re<span class=\"_ _0\"></span>cog<span class=\"_ _0\"></span>nit<span class=\"_ _0\"></span>ion is no<span class=\"_ _0\"></span>rma<span class=\"_ _0\"></span>lly the tr<span class=\"_ _0\"></span>ansa<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on pri<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>. In cer<span class=\"_ _3\"></span>tain circ<span class=\"_ _0\"></span>ums<span class=\"_ _0\"></span>tan<span class=\"_ _0\"></span>ces<span class=\"_ _0\"></span>, the fair<span class=\"_ _0\"></span> value at ini<span class=\"_ _0\"></span>tial re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnit<span class=\"_ _0\"></span>ion dif<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>rs from th<span class=\"_ _0\"></span>e trans<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>ion pr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e. If the fair valu<span class=\"_ _0\"></span>e is evide<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ed by co<span class=\"_ _0\"></span>mpar<span class=\"_ _0\"></span>iso<span class=\"_ _0\"></span>n by a quoted pric<span class=\"_ _0\"></span>e in an acti<span class=\"_ _0\"></span>ve market for an ide<span class=\"_ _0\"></span>ntic<span class=\"_ _0\"></span>al inst<span class=\"_ _0\"></span>rum<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t, or is base<span class=\"_ _0\"></span>d on a valuati<span class=\"_ _0\"></span>on tec<span class=\"_ _0\"></span>hniq<span class=\"_ _0\"></span>ue that use<span class=\"_ _0\"></span>s only dat<span class=\"_ _0\"></span>a from ob<span class=\"_ _0\"></span>ser<span class=\"_ _3\"></span>vable ma<span class=\"_ _0\"></span>rkets<span class=\"_ _0\"></span>, the dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en the fair valu<span class=\"_ _0\"></span>e at init<span class=\"_ _0\"></span>ial rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>niti<span class=\"_ _0\"></span>on and th<span class=\"_ _0\"></span>e trans<span class=\"_ _0\"></span>acti<span class=\"_ _0\"></span>on pr<span class=\"_ _0\"></span>ice is re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d as a gain or los<span class=\"_ _0\"></span>s in the Co<span class=\"_ _0\"></span>nsol<span class=\"_ _0\"></span>idated In<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me S<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t. In all othe<span class=\"_ _0\"></span>r case<span class=\"_ _0\"></span>s, the di<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>feren<span class=\"_ _0\"></span>ce bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en th<span class=\"_ _0\"></span>e fair valu<span class=\"_ _0\"></span>e at ini<span class=\"_ _0\"></span>tial re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n and t<span class=\"_ _0\"></span>he tra<span class=\"_ _0\"></span>nsa<span class=\"_ _0\"></span>ctio<span class=\"_ _0\"></span>n pr<span class=\"_ _0\"></span>ice is d<span class=\"_ _0\"></span>efer<span class=\"_ _0\"></span>red an<span class=\"_ _0\"></span>d rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e Co<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>lidated I<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ome S<span class=\"_ _3\"></span>tateme<span class=\"_ _0\"></span>nt over t<span class=\"_ _0\"></span>he life of the ins<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nt to the ex<span class=\"_ _3\"></span>tent that i<span class=\"_ _0\"></span>t aris<span class=\"_ _0\"></span>es fro<span class=\"_ _0\"></span>m a cha<span class=\"_ _0\"></span>nge i<span class=\"_ _0\"></span>n a facto<span class=\"_ _0\"></span>r (inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>ing ti<span class=\"_ _0\"></span>me) that mar<span class=\"_ _0\"></span>ket par<span class=\"_ _3\"></span>ticip<span class=\"_ _0\"></span>ants wo<span class=\"_ _0\"></span>uld ta<span class=\"_ _0\"></span>ke into acc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t whe<span class=\"_ _0\"></span>n pri<span class=\"_ _0\"></span>cin<span class=\"_ _0\"></span>g the inst<span class=\"_ _0\"></span>rum<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t.<span class=\"_ _3b2\"> </span>Re<span class=\"_ _0\"></span>venue<span class=\"_ _3b2\"> </span>Insurance rev<span class=\"_ _1\"></span>enue<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Group\u2019s insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce reven<span class=\"_ _0\"></span>ue de<span class=\"_ _0\"></span>pic<span class=\"_ _0\"></span>ts the prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>n of ser<span class=\"_ _0\"></span>vic<span class=\"_ _0\"></span>es ar<span class=\"_ _0\"></span>ising fro<span class=\"_ _0\"></span>m a group of insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>acts<span class=\"_ _0\"></span>, refl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g the con<span class=\"_ _0\"></span>side<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>on the<span class=\"_ _0\"></span> Grou<span class=\"_ _0\"></span>p expe<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s to be entitle<span class=\"_ _0\"></span>d to in exchang<span class=\"_ _0\"></span>e for those se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces<span class=\"_ _0\"></span>. Insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce reven<span class=\"_ _0\"></span>ue fro<span class=\"_ _0\"></span>m a group of insur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts is the<span class=\"_ _0\"></span>refore the rel<span class=\"_ _0\"></span>evant<span class=\"_ _0\"></span> por<span class=\"_ _3\"></span>tion for th<span class=\"_ _0\"></span>e per<span class=\"_ _0\"></span>iod of the total co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>erati<span class=\"_ _0\"></span>on for the c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>s, (i.e<span class=\"_ _0\"></span>. the amo<span class=\"_ _0\"></span>unt of pre<span class=\"_ _0\"></span>mium<span class=\"_ _0\"></span>s paid to the Group ad<span class=\"_ _0\"></span>justed for f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>ncin<span class=\"_ _0\"></span>g ef<span class=\"_ _0\"></span>fect<span class=\"_ _0\"></span> (the<span class=\"_ gsec\"> </span>tim<span class=\"_ _0\"></span>e value of mon<span class=\"_ _0\"></span>ey) and exclu<span class=\"_ _0\"></span>ding any inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>one<span class=\"_ _0\"></span>nts). Th<span class=\"_ _0\"></span>e total consi<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n for a group of contr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>ts cover<span class=\"_ _0\"></span>s amou<span class=\"_ _0\"></span>nts relate<span class=\"_ _0\"></span>d to the provisio<span class=\"_ _0\"></span>n of ser<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces an<span class=\"_ _0\"></span>d com<span class=\"_ _0\"></span>pri<span class=\"_ _0\"></span>ses:<span class=\"_ _0\"></span> \u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">the re<span class=\"_ _0\"></span>leas<span class=\"_ _0\"></span>e of the C<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>M<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>s in the r<span class=\"_ _0\"></span>isk ad<span class=\"_ _0\"></span>just<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t for no<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-f<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial ris<span class=\"_ _0\"></span>k relat<span class=\"_ _0\"></span>ing to cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nt ser<span class=\"_ _3\"></span>vic<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">clai<span class=\"_ _0\"></span>ms and ot<span class=\"_ _0\"></span>her i<span class=\"_ _0\"></span>nsur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nses ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cted a<span class=\"_ _0\"></span>t the b<span class=\"_ _0\"></span>egi<span class=\"_ _0\"></span>nnin<span class=\"_ _0\"></span>g of the p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">exp<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ce adj<span class=\"_ _0\"></span>ustm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s aris<span class=\"_ _0\"></span>ing fro<span class=\"_ _0\"></span>m pre<span class=\"_ _0\"></span>miu<span class=\"_ _0\"></span>ms re<span class=\"_ _0\"></span>cei<span class=\"_ _0\"></span>ved in t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>od oth<span class=\"_ _0\"></span>er th<span class=\"_ _0\"></span>an tho<span class=\"_ _0\"></span>se th<span class=\"_ _0\"></span>at relate to fut<span class=\"_ _0\"></span>ure se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce ac<span class=\"_ _0\"></span>quisi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n co<span class=\"_ _0\"></span>st re<span class=\"_ _0\"></span>cover<span class=\"_ _3\"></span>y deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ed by all<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>atin<span class=\"_ _0\"></span>g the p<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>tion of pre<span class=\"_ _0\"></span>miu<span class=\"_ _0\"></span>ms rel<span class=\"_ _0\"></span>ated to the re<span class=\"_ _0\"></span>cove<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y of tho<span class=\"_ _0\"></span>se c<span class=\"_ _0\"></span>osts o<span class=\"_ _0\"></span>n the b<span class=\"_ _0\"></span>asis </span>of<span class=\"_ gsec\"> </span>insur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e cover<span class=\"_ _0\"></span>age prov<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">othe<span class=\"_ _0\"></span>r amou<span class=\"_ _0\"></span>nts<span class=\"_ _0\"></span>, incl<span class=\"_ _0\"></span>udin<span class=\"_ _0\"></span>g any other pre<span class=\"_ _3\"></span>-<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>niti<span class=\"_ _0\"></span>on cas<span class=\"_ _0\"></span>h fl<span class=\"_ _0\"></span>ow assets de<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>cog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d at the date of initial re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnit<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></span>Fee<span class=\"_ _0\"></span>s fr<span class=\"_ _0\"></span>om f<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>d ma<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t an<span class=\"_ _0\"></span>d in<span class=\"_ _0\"></span>ves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t 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>s<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Group g<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>rates reven<span class=\"_ _0\"></span>ue fro<span class=\"_ _0\"></span>m actin<span class=\"_ _0\"></span>g as the invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt manag<span class=\"_ _0\"></span>er for cli<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span>. Fee<span class=\"_ _0\"></span>s charg<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>n investm<span class=\"_ _0\"></span>ent ma<span class=\"_ _0\"></span>nage<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt ser<span class=\"_ _3\"></span>vic<span class=\"_ _0\"></span>es are base<span class=\"_ _0\"></span>d on the co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>actu<span class=\"_ _0\"></span>al fee arr<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ents ap<span class=\"_ _0\"></span>plie<span class=\"_ _0\"></span>d to assets un<span class=\"_ _0\"></span>der ma<span class=\"_ _0\"></span>nage<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt and re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed as revenu<span class=\"_ _0\"></span>e as the ser<span class=\"_ _3\"></span>vic<span class=\"_ _0\"></span>es are provid<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Group\u2019s inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e from inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts is pr<span class=\"_ _0\"></span>imar<span class=\"_ _0\"></span>ily de<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ved fro<span class=\"_ _0\"></span>m fees for admi<span class=\"_ _0\"></span>nistr<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n and mana<span class=\"_ _0\"></span>ging of fun<span class=\"_ _0\"></span>ds in pen<span class=\"_ _0\"></span>sio<span class=\"_ _0\"></span>n plans<span class=\"_ _0\"></span>. Revenu<span class=\"_ _0\"></span>e gen<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ated on invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts is rec<span class=\"_ _0\"></span>ogni<span class=\"_ _0\"></span>sed as se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces are prov<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>d. N<span class=\"_ _0\"></span>o signif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant jud<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts are appl<span class=\"_ _0\"></span>ied o<span class=\"_ _0\"></span>n the timin<span class=\"_ _0\"></span>g or tran<span class=\"_ _0\"></span>sac<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span> pri<span class=\"_ _0\"></span>ce. In th<span class=\"_ _0\"></span>e insta<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>es of per<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>man<span class=\"_ _0\"></span>ce fee<span class=\"_ _0\"></span>s where reve<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>e is subje<span class=\"_ _0\"></span>ct to meet<span class=\"_ _0\"></span>ing a cer<span class=\"_ _3\"></span>tain pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>man<span class=\"_ _0\"></span>ce thre<span class=\"_ _0\"></span>sho<span class=\"_ _0\"></span>ld<span class=\"_ _0\"></span>, such reve<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>e is not reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed until th<span class=\"_ _0\"></span>e con<span class=\"_ _0\"></span>diti<span class=\"_ _0\"></span>on has be<span class=\"_ _0\"></span>en m<span class=\"_ _0\"></span>et, an<span class=\"_ _0\"></span>d it is highl<span class=\"_ _0\"></span>y prob<span class=\"_ _0\"></span>able th<span class=\"_ _0\"></span>at no signif<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>can<span class=\"_ _0\"></span>t revers<span class=\"_ _0\"></span>al of amoun<span class=\"_ _0\"></span>ts would oc<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>. Variable c<span class=\"_ _0\"></span>osts di<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>tly rel<span class=\"_ _0\"></span>ated to<span class=\"_ gsec\"> </span>secu<span class=\"_ _0\"></span>rin<span class=\"_ _0\"></span>g new co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts are ca<span class=\"_ _0\"></span>pit<span class=\"_ _0\"></span>alise<span class=\"_ _0\"></span>d and amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>sed over th<span class=\"_ _0\"></span>e estim<span class=\"_ _0\"></span>ated pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d over whic<span class=\"_ _0\"></span>h the reven<span class=\"_ _0\"></span>ue is earn<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>T<span class=\"_ _1\"></span>ransact<span class=\"_ _0\"></span>ion fee<span class=\"_ _0\"></span>s are charg<span class=\"_ _0\"></span>ed to impl<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent tra<span class=\"_ _0\"></span>des for cli<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span>. Su<span class=\"_ _0\"></span>ch fees are c<span class=\"_ _0\"></span>harg<span class=\"_ _0\"></span>ed at the tim<span class=\"_ _0\"></span>e the tran<span class=\"_ _0\"></span>sac<span class=\"_ _0\"></span>tion ta<span class=\"_ _0\"></span>kes plac<span class=\"_ _0\"></span>e and are base<span class=\"_ _0\"></span>d on<span class=\"_ gsec\"> </span>th<span class=\"_ _0\"></span>e<span class=\"_ gsec\"> </span>size of the unde<span class=\"_ _0\"></span>rly<span class=\"_ _0\"></span>ing c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>. Other operational<span class=\"_ _1\"></span> income<span class=\"_ _1\"></span> from contracts<span class=\"_ _1\"></span> with custom<span class=\"_ _1\"></span>ers<span class=\"_ _3b2\"> </span>House building<span class=\"_ _3b2\"> </span>Hou<span class=\"_ _0\"></span>se buil<span class=\"_ _0\"></span>ding reve<span class=\"_ _0\"></span>nue ar<span class=\"_ _0\"></span>ises fr<span class=\"_ _0\"></span>om the sal<span class=\"_ _0\"></span>e of reside<span class=\"_ _0\"></span>ntial pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es and lan<span class=\"_ _0\"></span>d and is rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ised ne<span class=\"_ _0\"></span>t of disco<span class=\"_ _0\"></span>unts and sa<span class=\"_ _0\"></span>les in<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ntives<span class=\"_ _0\"></span>. It also<span class=\"_ _0\"></span> inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>es sale pro<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>ds of par<span class=\"_ _0\"></span>t excha<span class=\"_ _0\"></span>nge p<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>. Sal<span class=\"_ _0\"></span>es of private hou<span class=\"_ _0\"></span>ses are re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d on le<span class=\"_ _0\"></span>gal co<span class=\"_ _0\"></span>mpl<span class=\"_ _0\"></span>etio<span class=\"_ _0\"></span>n. S<span class=\"_ _0\"></span>ale<span class=\"_ _0\"></span>s of social h<span class=\"_ _0\"></span>ousi<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>, where<span class=\"_ _0\"></span> mul<span class=\"_ _0\"></span>tipl<span class=\"_ _0\"></span>e units are de<span class=\"_ _0\"></span>velo<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>d and sol<span class=\"_ _0\"></span>d unde<span class=\"_ _0\"></span>r a cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>tual agre<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t with a singl<span class=\"_ _0\"></span>e cus<span class=\"_ _0\"></span>tome<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>, ty<span class=\"_ _0\"></span>pic<span class=\"_ _0\"></span>all<span class=\"_ _0\"></span>y a housin<span class=\"_ _0\"></span>g asso<span class=\"_ _0\"></span>ciati<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>, are rec<span class=\"_ _0\"></span>ogni<span class=\"_ _0\"></span>sed over<span class=\"_ _0\"></span> time in ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>rdan<span class=\"_ _0\"></span>ce wi<span class=\"_ _0\"></span>th con<span class=\"_ _0\"></span>str<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>tion p<span class=\"_ _0\"></span>rogre<span class=\"_ _0\"></span>ss. S<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>es of land and co<span class=\"_ _0\"></span>mm<span class=\"_ _0\"></span>erc<span class=\"_ _0\"></span>ial prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>y are reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed on un<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal excha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>, name<span class=\"_ _0\"></span>ly wh<span class=\"_ _0\"></span>en con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts are excha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>d or miss<span class=\"_ _0\"></span>ives co<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>ed and<span class=\"_ _0\"></span>, whe<span class=\"_ _0\"></span>re appro<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>iate, co<span class=\"_ _0\"></span>nstr<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n is com<span class=\"_ _0\"></span>plete. T<span class=\"_ _0\"></span>he tra<span class=\"_ _0\"></span>nsac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n pri<span class=\"_ _0\"></span>ce is deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ed usi<span class=\"_ _0\"></span>ng ex<span class=\"_ _0\"></span>tensi<span class=\"_ _0\"></span>ve resear<span class=\"_ _0\"></span>ch and ex<span class=\"_ _0\"></span>per<span class=\"_ _3\"></span>t judg<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>, cur<span class=\"_ _0\"></span>rent ma<span class=\"_ _0\"></span>rket valu<span class=\"_ _0\"></span>es and reg<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>al variat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s. Warra<span class=\"_ _0\"></span>nties are prov<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>d on all prope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es and ran<span class=\"_ _0\"></span>ge from 2-1<span class=\"_ _1\"></span>0 years. Du<span class=\"_ _0\"></span>e to <span class=\"_ _1\"></span>the<span class=\"_ _0\"></span>ir features<span class=\"_ _0\"></span>, thes<span class=\"_ _0\"></span>e do not represe<span class=\"_ _0\"></span>nt sep<span class=\"_ _0\"></span>arate per<span class=\"_ _3\"></span>forma<span class=\"_ _0\"></span>nce ob<span class=\"_ _0\"></span>ligat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s.<span class=\"_ _3b2\"> </span>Professional<span class=\"_ _1\"></span> ser<span class=\"_ _0\"></span>vices fees<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Group\u2019s professi<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>l ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ice<span class=\"_ _0\"></span>s fees reven<span class=\"_ _0\"></span>ue aris<span class=\"_ _0\"></span>es fro<span class=\"_ _0\"></span>m professio<span class=\"_ _0\"></span>nal se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces prov<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>d by empl<span class=\"_ _0\"></span>oyed su<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>veyo<span class=\"_ _0\"></span>rs and thi<span class=\"_ _0\"></span>rd<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>par<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>y provid<span class=\"_ _0\"></span>ers<span class=\"_ _0\"></span>, pane<span class=\"_ _0\"></span>l<span class=\"_ gsec\"> </span>man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt fees and ad<span class=\"_ _0\"></span>minis<span class=\"_ _0\"></span>trat<span class=\"_ _0\"></span>ion fee<span class=\"_ _0\"></span>s. Th<span class=\"_ _0\"></span>ese fee<span class=\"_ _0\"></span>s are base<span class=\"_ _0\"></span>d on fee scal<span class=\"_ _0\"></span>es or co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts<span class=\"_ _0\"></span>. Revenu<span class=\"_ _0\"></span>e is reco<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>sed wh<span class=\"_ _0\"></span>en the se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span> has<span class=\"_ gsec\"> </span>be<span class=\"_ _0\"></span>en re<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>red<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>In addi<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>, the Gr<span class=\"_ _0\"></span>oup de<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ves professi<span class=\"_ _0\"></span>onal fee<span class=\"_ _0\"></span>s from fac<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>ation of mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tgag<span class=\"_ _0\"></span>e arra<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts and rel<span class=\"_ _0\"></span>ated prod<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>ts suc<span class=\"_ _0\"></span>h as conveya<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>ng. T<span class=\"_ _0\"></span>hes<span class=\"_ _0\"></span>e are base<span class=\"_ _0\"></span>d on an agre<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>/con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>t and co<span class=\"_ _0\"></span>uld be tie<span class=\"_ _0\"></span>red ba<span class=\"_ _0\"></span>sed on vol<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>e. Th<span class=\"_ _0\"></span>e oblig<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n in such in<span class=\"_ _0\"></span>stan<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>s is satisfi<span class=\"_ _0\"></span>ed on c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>let<span class=\"_ _0\"></span>ion of the mor<span class=\"_ _3\"></span>tgage<span class=\"_ _0\"></span>/ser<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce, at whi<span class=\"_ _0\"></span>ch poi<span class=\"_ _0\"></span>nt the reve<span class=\"_ _0\"></span>nue is rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d. T<span class=\"_ _0\"></span>here is no sig<span class=\"_ _0\"></span>nif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant jud<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t appli<span class=\"_ _0\"></span>ed on the ti<span class=\"_ _0\"></span>ming o<span class=\"_ _0\"></span>r amou<span class=\"_ _0\"></span>nt of fee reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Insurance brok<span class=\"_ _1\"></span>er fees<span class=\"_ _3b2\"> </span>Fee<span class=\"_ _0\"></span>s are charg<span class=\"_ _0\"></span>ed on ea<span class=\"_ _0\"></span>ch pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>man<span class=\"_ _0\"></span>ce ob<span class=\"_ _0\"></span>ligat<span class=\"_ _0\"></span>ion of<span class=\"_ _0\"></span>fered to the cus<span class=\"_ _0\"></span>tome<span class=\"_ _0\"></span>r as per agr<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>d stru<span class=\"_ _0\"></span>ctu<span class=\"_ _0\"></span>re. Reven<span class=\"_ _0\"></span>ue for pla<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>es is reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span> at the poi<span class=\"_ _0\"></span>nt in time wh<span class=\"_ _0\"></span>en the inter<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>dia<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y has satisf<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ed its pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>man<span class=\"_ _0\"></span>ce ob<span class=\"_ _0\"></span>ligat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>, that is whe<span class=\"_ _0\"></span>n the terms of the ins<span class=\"_ _0\"></span>ura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e poli<span class=\"_ _0\"></span>cy have bee<span class=\"_ _0\"></span>n agre<span class=\"_ _0\"></span>ed co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>actu<span class=\"_ _0\"></span>ally by the in<span class=\"_ _0\"></span>sure<span class=\"_ _0\"></span>r and pol<span class=\"_ _0\"></span>icy<span class=\"_ _0\"></span>hol<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>, and the ins<span class=\"_ _0\"></span>urer has a pre<span class=\"_ _0\"></span>sent r<span class=\"_ _0\"></span>ight to payme<span class=\"_ _0\"></span>nt fro<span class=\"_ _0\"></span>m the pol<span class=\"_ _0\"></span>icy<span class=\"_ _0\"></span>hol<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>. No signif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant<span class=\"_ _0\"></span> judg<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ents are ap<span class=\"_ _0\"></span>plie<span class=\"_ _0\"></span>d on the tim<span class=\"_ _0\"></span>ing or tr<span class=\"_ _0\"></span>ansa<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on pri<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Investment retur<span class=\"_ _0\"></span>n<span class=\"_ _3b2\"> </span>Invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t retur<span class=\"_ _0\"></span>n incl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>s unreal<span class=\"_ _0\"></span>ised fair val<span class=\"_ _0\"></span>ue gain<span class=\"_ _0\"></span>s and los<span class=\"_ _0\"></span>ses on f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l investm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s at fair value thro<span class=\"_ _0\"></span>ugh prof<span class=\"_ _0\"></span>it o<span class=\"_ _0\"></span>r loss<span class=\"_ _0\"></span>, realis<span class=\"_ _0\"></span>ed gain<span class=\"_ _0\"></span>s and<span class=\"_ gsec\"> </span>lo<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s, di<span class=\"_ _0\"></span>vide<span class=\"_ _0\"></span>nds<span class=\"_ _0\"></span>, rent an<span class=\"_ _0\"></span>d interes<span class=\"_ _0\"></span>t. Di<span class=\"_ _0\"></span>vid<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>s are accr<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span>d on an ex-<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ivi<span class=\"_ _0\"></span>den<span class=\"_ _0\"></span>d basis<span class=\"_ _0\"></span>. Interest in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me is rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d as it acc<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>es, ta<span class=\"_ _0\"></span>kin<span class=\"_ _0\"></span>g into acc<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nt the ef<span class=\"_ _0\"></span>fect<span class=\"_ _0\"></span>ive yie<span class=\"_ _0\"></span>ld on the inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>. Rental in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me is rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d on an acc<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>als basis<span class=\"_ _0\"></span>, and is gen<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ally re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d on a stra<span class=\"_ _0\"></span>ight lin<span class=\"_ _0\"></span>e basis unl<span class=\"_ _0\"></span>ess th<span class=\"_ _0\"></span>ere is co<span class=\"_ _0\"></span>mpe<span class=\"_ _0\"></span>llin<span class=\"_ _0\"></span>g evid<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>e that be<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>its d<span class=\"_ _0\"></span>o not acc<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>e evenly over th<span class=\"_ _0\"></span>e per<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d of the lease<span class=\"_ _0\"></span>. Interest in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me for f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial as<span class=\"_ _0\"></span>sets<span class=\"_ _0\"></span> whic<span class=\"_ _0\"></span>h are not class<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ied as fair valu<span class=\"_ _0\"></span>e thro<span class=\"_ _0\"></span>ugh prof<span class=\"_ _0\"></span>it o<span class=\"_ _0\"></span>r loss (F<span class=\"_ _3\"></span>V<span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>P<span class=\"_ _0\"></span>L) is reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed usin<span class=\"_ _0\"></span>g the ef<span class=\"_ _0\"></span>fect<span class=\"_ _0\"></span>ive interes<span class=\"_ _0\"></span>t meth<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>A gain or los<span class=\"_ _0\"></span>s on a fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t is only real<span class=\"_ _0\"></span>ised o<span class=\"_ _0\"></span>n dispo<span class=\"_ _0\"></span>sal or tra<span class=\"_ _0\"></span>nsfer, and is the diffe<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>e bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en the pr<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>ds rec<span class=\"_ _0\"></span>ei<span class=\"_ _0\"></span>ved<span class=\"_ _0\"></span>, net of tran<span class=\"_ _0\"></span>sac<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s cost an<span class=\"_ _0\"></span>d its or<span class=\"_ _0\"></span>igin<span class=\"_ _0\"></span>al cos<span class=\"_ _0\"></span>t or amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tise<span class=\"_ _0\"></span>d cos<span class=\"_ _0\"></span>t, as ap<span class=\"_ _0\"></span>prop<span class=\"_ _0\"></span>riate. Rea<span class=\"_ _0\"></span>lise<span class=\"_ _0\"></span>d gains or lo<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s on investm<span class=\"_ _0\"></span>ent p<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y re<span class=\"_ _0\"></span>prese<span class=\"_ _0\"></span>nt the dif<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>ce bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en the ne<span class=\"_ _0\"></span>t disp<span class=\"_ _0\"></span>osal pro<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ds and the c<span class=\"_ _0\"></span>arr<span class=\"_ _3\"></span>ying val<span class=\"_ _0\"></span>ue of the prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ty.<span class=\"_ _3b2\"> </span>Unre<span class=\"_ _0\"></span>alise<span class=\"_ _0\"></span>d gai<span class=\"_ _0\"></span>ns and l<span class=\"_ _0\"></span>oss<span class=\"_ _0\"></span>es rep<span class=\"_ _0\"></span>rese<span class=\"_ _0\"></span>nt th<span class=\"_ _0\"></span>e dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nce b<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en th<span class=\"_ _0\"></span>e car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing val<span class=\"_ _0\"></span>ue at th<span class=\"_ _0\"></span>e en<span class=\"_ _0\"></span>d of the yea<span class=\"_ _0\"></span>r and th<span class=\"_ _0\"></span>e ca<span class=\"_ _0\"></span>rr<span class=\"_ _3\"></span>ying val<span class=\"_ _0\"></span>ue at th<span class=\"_ _0\"></span>e prev<span class=\"_ _0\"></span>iou<span class=\"_ _0\"></span>s year<span class=\"_ _0\"></span> end or p<span class=\"_ _0\"></span>urch<span class=\"_ _0\"></span>ase valu<span class=\"_ _0\"></span>e duri<span class=\"_ _0\"></span>ng the yea<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>, less th<span class=\"_ _0\"></span>e revers<span class=\"_ _0\"></span>al of previo<span class=\"_ _0\"></span>usly un<span class=\"_ _0\"></span>realis<span class=\"_ _0\"></span>ed gai<span class=\"_ _0\"></span>ns and los<span class=\"_ _0\"></span>ses in res<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ct of dispo<span class=\"_ _0\"></span>sals ma<span class=\"_ _0\"></span>de dur<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e year<span class=\"_ _1\"></span>.<span class=\"_ _3b2\"> </span>In<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nce s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span>Insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce ser<span class=\"_ _3\"></span>vic<span class=\"_ _0\"></span>e expe<span class=\"_ _0\"></span>nses ar<span class=\"_ _0\"></span>isin<span class=\"_ _0\"></span>g from ins<span class=\"_ _0\"></span>uran<span class=\"_ _0\"></span>ce c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>s are reco<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>sed in prof<span class=\"_ _0\"></span>it o<span class=\"_ _0\"></span>r loss as the<span class=\"_ _0\"></span>y are incu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d. Th<span class=\"_ _0\"></span>ey exclu<span class=\"_ _0\"></span>de rep<span class=\"_ _0\"></span>ayme<span class=\"_ _0\"></span>nts of invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t com<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>nen<span class=\"_ _0\"></span>ts and co<span class=\"_ _0\"></span>mpr<span class=\"_ _0\"></span>ise th<span class=\"_ _0\"></span>e following i<span class=\"_ _0\"></span>tems:<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">inc<span class=\"_ _0\"></span>urre<span class=\"_ _0\"></span>d clai<span class=\"_ _0\"></span>ms and be<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ts, exclu<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>g investm<span class=\"_ _0\"></span>ent c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pon<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s redu<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>d by loss co<span class=\"_ _0\"></span>mpo<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>nt allo<span class=\"_ _0\"></span>cati<span class=\"_ _0\"></span>ons<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ls10 ws9\">incurred directly attribu<span class=\"_ _0\"></span>table expenses<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"lsea ws3a\">insura<span class=\"_ _0\"></span>nce ac<span class=\"_ _0\"></span>quisiti<span class=\"_ _0\"></span>on co<span class=\"_ _0\"></span>st amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tisatio<span class=\"_ _0\"></span>n<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce acq<span class=\"_ _0\"></span>uisi<span class=\"_ _0\"></span>tion c<span class=\"_ _0\"></span>ost ass<span class=\"_ _0\"></span>et imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t.<span class=\"_ _3b2\"> </span></span>Div<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>nds<span class=\"_ _3b2\"> </span>Interi<span class=\"_ _0\"></span>m divi<span class=\"_ _0\"></span>den<span class=\"_ _0\"></span>ds on ord<span class=\"_ _0\"></span>inar<span class=\"_ _3\"></span>y shares are de<span class=\"_ _0\"></span>du<span class=\"_ _0\"></span>cted fro<span class=\"_ _0\"></span>m retain<span class=\"_ _0\"></span>ed ear<span class=\"_ _0\"></span>nin<span class=\"_ _0\"></span>gs in the pe<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>od in whic<span class=\"_ _0\"></span>h they are pai<span class=\"_ _0\"></span>d. Fi<span class=\"_ _0\"></span>nal div<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>nds on o<span class=\"_ _0\"></span>rdina<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y shar<span class=\"_ _0\"></span>es are rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d as a liabilit<span class=\"_ _0\"></span>y in the p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>od in whi<span class=\"_ _0\"></span>ch the<span class=\"_ _0\"></span>y have bee<span class=\"_ _0\"></span>n approve<span class=\"_ _0\"></span>d by shareh<span class=\"_ _0\"></span>old<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s of the Com<span class=\"_ _0\"></span>pany.<span class=\"_ _3b2\"> </span>Ea<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>gs p<span class=\"_ _0\"></span>er sh<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>re<span class=\"_ _3b2\"> </span>Ear<span class=\"_ _0\"></span>nin<span class=\"_ _0\"></span>gs pe<span class=\"_ _0\"></span>r share is a measu<span class=\"_ _0\"></span>re of the por<span class=\"_ _3\"></span>tion of the Gro<span class=\"_ _0\"></span>up\u2019s profi<span class=\"_ _0\"></span>t alloc<span class=\"_ _0\"></span>ated to each ou<span class=\"_ _0\"></span>tst<span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>ing sha<span class=\"_ _0\"></span>re. It is cal<span class=\"_ _0\"></span>cul<span class=\"_ _0\"></span>ated by dividi<span class=\"_ _0\"></span>ng net in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me at<span class=\"_ _0\"></span>trib<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e to <span class=\"_ _1\"></span>ord<span class=\"_ _0\"></span>inar<span class=\"_ _3\"></span>y equi<span class=\"_ _0\"></span>ty h<span class=\"_ _0\"></span>old<span class=\"_ _0\"></span>ers by the wei<span class=\"_ _0\"></span>ghted avera<span class=\"_ _0\"></span>ge num<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r of ordinar<span class=\"_ _3\"></span>y shares in iss<span class=\"_ _0\"></span>ue dur<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e year, <span class=\"_ _1\"></span>exclu<span class=\"_ _0\"></span>ding e<span class=\"_ _0\"></span>mpl<span class=\"_ _0\"></span>oyee sc<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>me treasu<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y sha<span class=\"_ _0\"></span>res. Fo<span class=\"_ _0\"></span>r this pur<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>se, ne<span class=\"_ _0\"></span>t inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e is defin<span class=\"_ _0\"></span>ed as the p<span class=\"_ _0\"></span>rofi<span class=\"_ _0\"></span>t after ta<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>, att<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>uta<span class=\"_ _0\"></span>ble to equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y hol<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>s of the Com<span class=\"_ _0\"></span>pany, deri<span class=\"_ _0\"></span>ved fro<span class=\"_ _0\"></span>m contin<span class=\"_ _1\"></span>uing <span class=\"_ _1\"></span>operati<span class=\"_ _1\"></span>ons. For dilu<span class=\"_ _0\"></span>ted ear<span class=\"_ _0\"></span>nin<span class=\"_ _0\"></span>gs pe<span class=\"_ _0\"></span>r share<span class=\"_ _0\"></span>, the weigh<span class=\"_ _0\"></span>ted averag<span class=\"_ _0\"></span>e numb<span class=\"_ _0\"></span>er of ordin<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y sh<span class=\"_ _0\"></span>ares in issu<span class=\"_ _0\"></span>e, excl<span class=\"_ _0\"></span>udin<span class=\"_ _0\"></span>g emp<span class=\"_ _0\"></span>loye<span class=\"_ _0\"></span>e sche<span class=\"_ _0\"></span>me tre<span class=\"_ _0\"></span>asur<span class=\"_ _3\"></span>y shares<span class=\"_ _0\"></span>, is adjuste<span class=\"_ _0\"></span>d to <span class=\"_ _1\"></span>assu<span class=\"_ _0\"></span>me co<span class=\"_ _0\"></span>nversi<span class=\"_ _0\"></span>on of all <span class=\"_ _1\"></span>dilu<span class=\"_ _0\"></span>tive potenti<span class=\"_ _0\"></span>al ordina<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y share<span class=\"_ _0\"></span>s, suc<span class=\"_ _0\"></span>h as share options gra<span class=\"_ _0\"></span>nted to <span class=\"_ _1\"></span>em<span class=\"_ _0\"></span>ploye<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>. Potential or conti<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>nt share issu<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span> are treated as dilu<span class=\"_ _0\"></span>tive wh<span class=\"_ _0\"></span>en the<span class=\"_ _0\"></span>ir co<span class=\"_ _0\"></span>nversi<span class=\"_ _0\"></span>on to shares wou<span class=\"_ _0\"></span>ld de<span class=\"_ _0\"></span>crea<span class=\"_ _0\"></span>se net ear<span class=\"_ _0\"></span>nin<span class=\"_ _0\"></span>gs pe<span class=\"_ _0\"></span>r share.<span class=\"_ _3b2\"> </span>Int<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>ible as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span>Intan<span class=\"_ _0\"></span>gib<span class=\"_ _0\"></span>le asse<span class=\"_ _0\"></span>ts mainl<span class=\"_ _0\"></span>y con<span class=\"_ _0\"></span>sist of cap<span class=\"_ _0\"></span>itali<span class=\"_ _0\"></span>sed sof<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ware c<span class=\"_ _0\"></span>osts<span class=\"_ _0\"></span>. Wh<span class=\"_ _0\"></span>ere sof<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ware co<span class=\"_ _0\"></span>sts are sep<span class=\"_ _0\"></span>aratel<span class=\"_ _0\"></span>y ide<span class=\"_ _0\"></span>ntif<span class=\"_ _0\"></span>iab<span class=\"_ _0\"></span>le and me<span class=\"_ _0\"></span>asur<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e, the<span class=\"_ _0\"></span>y are capi<span class=\"_ _0\"></span>talis<span class=\"_ _0\"></span>ed at cos<span class=\"_ _0\"></span>t and amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>ed over th<span class=\"_ _0\"></span>eir exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted usef<span class=\"_ _0\"></span>ul life on a stra<span class=\"_ _0\"></span>ight-<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>ne basis<span class=\"_ _0\"></span>. Cos<span class=\"_ _0\"></span>ts inc<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>red to interna<span class=\"_ _0\"></span>lly deve<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>p sof<span class=\"_ _0\"></span>twa<span class=\"_ _0\"></span>re are only c<span class=\"_ _0\"></span>apit<span class=\"_ _0\"></span>alise<span class=\"_ _0\"></span>d if the exp<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>itu<span class=\"_ _0\"></span>re can be me<span class=\"_ _0\"></span>asure<span class=\"_ _0\"></span>d relia<span class=\"_ _0\"></span>bly, the prod<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>t or pro<span class=\"_ _0\"></span>ces<span class=\"_ _0\"></span>s is techni<span class=\"_ _0\"></span>call<span class=\"_ _0\"></span>y and co<span class=\"_ _0\"></span>mm<span class=\"_ _0\"></span>erc<span class=\"_ _0\"></span>ially feasi<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span>, futu<span class=\"_ _0\"></span>re ec<span class=\"_ _0\"></span>ono<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>c ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>ts are prob<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e and the Gro<span class=\"_ _0\"></span>up inten<span class=\"_ _0\"></span>ds to and has suf<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ici<span class=\"_ _0\"></span>ent reso<span class=\"_ _0\"></span>urc<span class=\"_ _0\"></span>es to<span class=\"_ gsec\"> </span>com<span class=\"_ _0\"></span>plete su<span class=\"_ _0\"></span>ch deve<span class=\"_ _0\"></span>lop<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt and to use or sell th<span class=\"_ _0\"></span>e asset<span class=\"_ _0\"></span>. Ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>wise<span class=\"_ _0\"></span>, such c<span class=\"_ _0\"></span>osts are re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed in prof<span class=\"_ _0\"></span>it or lo<span class=\"_ _0\"></span>ss as inc<span class=\"_ _0\"></span>urre<span class=\"_ _0\"></span>d. T<span class=\"_ _0\"></span>he es<span class=\"_ _0\"></span>timated<span class=\"_ _0\"></span> amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n per<span class=\"_ _0\"></span>iod for IT d<span class=\"_ _0\"></span>evelo<span class=\"_ _0\"></span>pm<span class=\"_ _0\"></span>ent c<span class=\"_ _0\"></span>osts an<span class=\"_ _0\"></span>d sof<span class=\"_ _0\"></span>twa<span class=\"_ _0\"></span>re is bet<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n 3 and 1<span class=\"_ _1\"></span>0 years<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Intan<span class=\"_ _0\"></span>gib<span class=\"_ _0\"></span>le ass<span class=\"_ _0\"></span>ets ac<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>red vi<span class=\"_ _0\"></span>a busi<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>s co<span class=\"_ _0\"></span>mbin<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns are re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed at fai<span class=\"_ _0\"></span>r value a<span class=\"_ _0\"></span>nd are s<span class=\"_ _0\"></span>ubse<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>entl<span class=\"_ _0\"></span>y amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>sed o<span class=\"_ _0\"></span>n a str<span class=\"_ _0\"></span>aight-<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ine b<span class=\"_ _0\"></span>asis over<span class=\"_ _0\"></span> thei<span class=\"_ _0\"></span>r estim<span class=\"_ _0\"></span>ated usef<span class=\"_ _0\"></span>ul life. Am<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>tisatio<span class=\"_ _0\"></span>n meth<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>s, usef<span class=\"_ _0\"></span>ul lives an<span class=\"_ _0\"></span>d any expe<span class=\"_ _0\"></span>cted res<span class=\"_ _0\"></span>idua<span class=\"_ _0\"></span>l values are rev<span class=\"_ _0\"></span>iewed at ea<span class=\"_ _0\"></span>ch rep<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>ting date and adjus<span class=\"_ _0\"></span>ted if app<span class=\"_ _0\"></span>ropr<span class=\"_ _0\"></span>iate. Intan<span class=\"_ _0\"></span>gib<span class=\"_ _0\"></span>le asse<span class=\"_ _0\"></span>ts are tested for impa<span class=\"_ _0\"></span>irm<span class=\"_ _0\"></span>ent ei<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r indi<span class=\"_ _0\"></span>vid<span class=\"_ _0\"></span>uall<span class=\"_ _0\"></span>y or at the cash<span class=\"_ _3\"></span>-<span class=\"_ _0\"></span>gen<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ating un<span class=\"_ _0\"></span>it leve<span class=\"_ _0\"></span>l. Inta<span class=\"_ _0\"></span>ngib<span class=\"_ _0\"></span>le asse<span class=\"_ _0\"></span>ts with in<span class=\"_ _0\"></span>def<span class=\"_ _0\"></span>ini<span class=\"_ _0\"></span>te useful live<span class=\"_ _0\"></span>s and intan<span class=\"_ _0\"></span>gib<span class=\"_ _0\"></span>le asse<span class=\"_ _0\"></span>ts not yet availab<span class=\"_ _0\"></span>le for use are tested for imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt at least an<span class=\"_ _0\"></span>nuall<span class=\"_ _0\"></span>y, or wheneve<span class=\"_ _0\"></span>r events o<span class=\"_ _0\"></span>r chan<span class=\"_ _0\"></span>ges in cir<span class=\"_ _0\"></span>cum<span class=\"_ _0\"></span>stan<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>s indic<span class=\"_ _0\"></span>ate that the c<span class=\"_ _0\"></span>arr<span class=\"_ _3\"></span>ying am<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nt may not be rec<span class=\"_ _0\"></span>overa<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span>. Intan<span class=\"_ _0\"></span>gibl<span class=\"_ _0\"></span>e asset<span class=\"_ _0\"></span>s with f<span class=\"_ _0\"></span>inite usef<span class=\"_ _0\"></span>ul lives are tested wh<span class=\"_ _0\"></span>en the<span class=\"_ _0\"></span>re are indi<span class=\"_ _0\"></span>cati<span class=\"_ _0\"></span>ons of imp<span class=\"_ _0\"></span>airm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t. Th<span class=\"_ _0\"></span>e recove<span class=\"_ _0\"></span>rab<span class=\"_ _0\"></span>le amo<span class=\"_ _0\"></span>unt is the hi<span class=\"_ _0\"></span>ghe<span class=\"_ _0\"></span>r of an asset<span class=\"_ _0\"></span>\u2019s fair value less c<span class=\"_ _0\"></span>osts to sell an<span class=\"_ _0\"></span>d its value in us<span class=\"_ _0\"></span>e.<span class=\"_ _3b2\"> </span>Investment propert<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span>Invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ty co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>rise<span class=\"_ _0\"></span>s land and b<span class=\"_ _0\"></span>uildi<span class=\"_ _0\"></span>ngs whi<span class=\"_ _0\"></span>ch are he<span class=\"_ _0\"></span>ld for lon<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>-ter<span class=\"_ _0\"></span>m rent<span class=\"_ _0\"></span>al yiel<span class=\"_ _0\"></span>ds and ca<span class=\"_ _0\"></span>pit<span class=\"_ _0\"></span>al grow<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>, as well as right-<span class=\"_ _3\"></span>of-us<span class=\"_ _0\"></span>e asset<span class=\"_ _0\"></span>s of the sam<span class=\"_ _0\"></span>e nature<span class=\"_ _0\"></span>, and are not oc<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>pie<span class=\"_ _0\"></span>d by the Grou<span class=\"_ _0\"></span>p. Com<span class=\"_ _0\"></span>pl<span class=\"_ _0\"></span>eted invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ty is ca<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>ied at fair valu<span class=\"_ _0\"></span>e with ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>es in fair value re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed in the Co<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>lidate<span class=\"_ _0\"></span>d Inco<span class=\"_ _0\"></span>me S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ateme<span class=\"_ _0\"></span>nt withi<span class=\"_ _0\"></span>n Investm<span class=\"_ _0\"></span>ent re<span class=\"_ _0\"></span>turn<span class=\"_ _0\"></span>. Invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ties und<span class=\"_ _0\"></span>er co<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>tru<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on are inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>ed wit<span class=\"_ _0\"></span>hin Pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, plant and equ<span class=\"_ _0\"></span>ipm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>, and are state<span class=\"_ _0\"></span>d at cost le<span class=\"_ _0\"></span>ss any impa<span class=\"_ _0\"></span>irm<span class=\"_ _0\"></span>ent un<span class=\"_ _0\"></span>til co<span class=\"_ _0\"></span>nstr<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n is comp<span class=\"_ _0\"></span>lete<span class=\"_ _0\"></span>d or fair value be<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>es relia<span class=\"_ _0\"></span>bly me<span class=\"_ _0\"></span>asur<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e.<span class=\"_ _3b2\"> </span>Cas<span class=\"_ _0\"></span>h a<span class=\"_ _0\"></span>nd ca<span class=\"_ _0\"></span>sh equ<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>nts<span class=\"_ _3b2\"> </span>Cash an<span class=\"_ _0\"></span>d cash e<span class=\"_ _0\"></span>quiv<span class=\"_ _0\"></span>alen<span class=\"_ _0\"></span>ts incl<span class=\"_ _0\"></span>ude c<span class=\"_ _0\"></span>ash in han<span class=\"_ _0\"></span>d, de<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>its he<span class=\"_ _0\"></span>ld at call wit<span class=\"_ _0\"></span>h banks<span class=\"_ _0\"></span>, treas<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>y bill<span class=\"_ _0\"></span>s and othe<span class=\"_ _0\"></span>r shor<span class=\"_ _3\"></span>t-ter<span class=\"_ _0\"></span>m highl<span class=\"_ _0\"></span>y liqui<span class=\"_ _0\"></span>d investm<span class=\"_ _0\"></span>ents wi<span class=\"_ _0\"></span>th matur<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>es of three mo<span class=\"_ _0\"></span>nths o<span class=\"_ _0\"></span>r less fro<span class=\"_ _0\"></span>m the date of acquis<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>n.<span class=\"_ _3b2\"> </span>Pr<span class=\"_ _0\"></span>ope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _1\"></span>, pla<span class=\"_ _0\"></span>nt a<span class=\"_ _0\"></span>nd eq<span class=\"_ _0\"></span>uipm<span class=\"_ _0\"></span>ent<span class=\"_ _3b2\"> </span>Prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ty, plant and e<span class=\"_ _0\"></span>quip<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>es tang<span class=\"_ _0\"></span>ibl<span class=\"_ _0\"></span>e assets own<span class=\"_ _0\"></span>ed by the Gro<span class=\"_ _0\"></span>up (such as land an<span class=\"_ _0\"></span>d off<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e and othe<span class=\"_ _0\"></span>r build<span class=\"_ _0\"></span>ings) or held un<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r lease<span class=\"_ _0\"></span> arr<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ents (such as of<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ce bui<span class=\"_ _0\"></span>ldin<span class=\"_ _0\"></span>gs, I<span class=\"_ _0\"></span>T equi<span class=\"_ _0\"></span>pm<span class=\"_ _0\"></span>ent and ve<span class=\"_ _0\"></span>hicl<span class=\"_ _0\"></span>es). Proper<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>y, <span class=\"_ _1\"></span>plan<span class=\"_ _0\"></span>t and equ<span class=\"_ _0\"></span>ipm<span class=\"_ _0\"></span>ent in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>des own<span class=\"_ _0\"></span>er oc<span class=\"_ _0\"></span>cup<span class=\"_ _0\"></span>ied p<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y he<span class=\"_ _0\"></span>ld by a fun<span class=\"_ _0\"></span>d, the un<span class=\"_ _0\"></span>its of whic<span class=\"_ _0\"></span>h deter<span class=\"_ _0\"></span>mine b<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>ts for its inves<span class=\"_ _0\"></span>tors. In ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>rdan<span class=\"_ _0\"></span>ce wi<span class=\"_ _0\"></span>th IA<span class=\"_ _0\"></span>S 1<span class=\"_ _1\"></span>6, \u2018<span class=\"_ _0\"></span>Pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, Plant and Equi<span class=\"_ _0\"></span>pme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>\u2019, the Group has el<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted to meas<span class=\"_ _0\"></span>ure this ass<span class=\"_ _0\"></span>et at fair value<span class=\"_ _0\"></span>, with ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>es in fair valu<span class=\"_ _0\"></span>e reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed in the C<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>olid<span class=\"_ _0\"></span>ated Inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e S<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent wit<span class=\"_ _0\"></span>hin Invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt retur<span class=\"_ _0\"></span>n.<span class=\"_ _0\"></span> All oth<span class=\"_ _0\"></span>er asse<span class=\"_ _0\"></span>ts with<span class=\"_ _0\"></span>in Prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ty, plant and e<span class=\"_ _0\"></span>quip<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt are car<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>d at histor<span class=\"_ _0\"></span>ica<span class=\"_ _0\"></span>l cost le<span class=\"_ _0\"></span>ss ac<span class=\"_ _0\"></span>cum<span class=\"_ _0\"></span>ulated de<span class=\"_ _0\"></span>pre<span class=\"_ _0\"></span>ciat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>, cal<span class=\"_ _0\"></span>culate<span class=\"_ _0\"></span>d on a straig<span class=\"_ _0\"></span>ht-<span class=\"_ _0\"></span>lin<span class=\"_ _0\"></span>e basis over th<span class=\"_ _0\"></span>eir est<span class=\"_ _0\"></span>imated us<span class=\"_ _0\"></span>eful life. A<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n meth<span class=\"_ _0\"></span>ods<span class=\"_ _0\"></span>, usefu<span class=\"_ _0\"></span>l lives and any exp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>cted resid<span class=\"_ _0\"></span>ual valu<span class=\"_ _0\"></span>es are revi<span class=\"_ _0\"></span>ewed at eac<span class=\"_ _0\"></span>h repo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng date and<span class=\"_ gsec\"> </span>ad<span class=\"_ _0\"></span>justed if ap<span class=\"_ _0\"></span>pro<span class=\"_ _0\"></span>pri<span class=\"_ _0\"></span>ate. An im<span class=\"_ _0\"></span>pair<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt revie<span class=\"_ _0\"></span>w of Prope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, plant and eq<span class=\"_ _0\"></span>uipm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t not car<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>d at fair value is pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>form<span class=\"_ _0\"></span>ed wh<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ever even<span class=\"_ _0\"></span>ts or cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>s in circu<span class=\"_ _0\"></span>mst<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>es indi<span class=\"_ _0\"></span>cate that the<span class=\"_ _0\"></span>ir car<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 may not be rec<span class=\"_ _0\"></span>overa<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span>. Whe<span class=\"_ _0\"></span>re the ca<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing am<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nt of an asset is greater tha<span class=\"_ _0\"></span>n its esti<span class=\"_ _0\"></span>mated re<span class=\"_ _0\"></span>cover<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e amo<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>, whic<span class=\"_ _0\"></span>h is the highe<span class=\"_ _0\"></span>r of the asset<span class=\"_ _0\"></span>s fair value le<span class=\"_ _0\"></span>ss cos<span class=\"_ _0\"></span>ts of dispos<span class=\"_ _0\"></span>al and valu<span class=\"_ _0\"></span>e in use, i<span class=\"_ _0\"></span>t is writ<span class=\"_ _0\"></span>ten down im<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>diatel<span class=\"_ _0\"></span>y to its recover<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e amo<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>, with an imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt loss re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed in the C<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>olid<span class=\"_ _0\"></span>ated Inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e S<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Leases<span class=\"_ _3b2\"> </span>Lessee<span class=\"_ _3b2\"> </span>Wh<span class=\"_ _0\"></span>ere the Gr<span class=\"_ _0\"></span>oup is a less<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>, it rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ises le<span class=\"_ _0\"></span>ases on th<span class=\"_ _0\"></span>e Co<span class=\"_ _0\"></span>nsol<span class=\"_ _0\"></span>idated B<span class=\"_ _0\"></span>alan<span class=\"_ _0\"></span>ce Sh<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t as \u2018right-<span class=\"_ _3\"></span>of-u<span class=\"_ _0\"></span>se\u2019 ass<span class=\"_ _0\"></span>ets and le<span class=\"_ _0\"></span>ase liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e right-<span class=\"_ _3\"></span>of-u<span class=\"_ _0\"></span>se asse<span class=\"_ _0\"></span>ts\u2019 valu<span class=\"_ _0\"></span>e is initiall<span class=\"_ _0\"></span>y rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d as the calc<span class=\"_ _0\"></span>ulated val<span class=\"_ _0\"></span>ue of the leas<span class=\"_ _0\"></span>e liabili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s, ini<span class=\"_ _0\"></span>tial dire<span class=\"_ _0\"></span>ct c<span class=\"_ _0\"></span>osts an<span class=\"_ _0\"></span>d inc<span class=\"_ _0\"></span>enti<span class=\"_ _0\"></span>ves rec<span class=\"_ _0\"></span>eive<span class=\"_ _0\"></span>d. T<span class=\"_ _0\"></span>he righ<span class=\"_ _0\"></span>t-<span class=\"_ _0\"></span>of-<span class=\"_ _0\"></span>use as<span class=\"_ _0\"></span>sets are su<span class=\"_ _0\"></span>bse<span class=\"_ _0\"></span>que<span class=\"_ _0\"></span>ntly ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>unted for in ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>rdan<span class=\"_ _0\"></span>ce wit<span class=\"_ _0\"></span>h the cos<span class=\"_ _0\"></span>t mod<span class=\"_ _0\"></span>el in I<span class=\"_ _0\"></span>AS 16, \u2018Pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, Plant and Equi<span class=\"_ _0\"></span>pme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>\u2019 or as invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ty un<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r IA<span class=\"_ _0\"></span>S 4<span class=\"_ _0\"></span>0, \u2018<span class=\"_ _0\"></span>Invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t Prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ty<span class=\"_ _0\"></span>\u2019. The Grou<span class=\"_ _0\"></span>p also asse<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s right-<span class=\"_ _3\"></span>of-u<span class=\"_ _0\"></span>se asse<span class=\"_ _0\"></span>ts class<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ied as Pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, plant and equ<span class=\"_ _0\"></span>ipm<span class=\"_ _0\"></span>ent for<span class=\"_ _0\"></span> impa<span class=\"_ _0\"></span>irm<span class=\"_ _0\"></span>ent wh<span class=\"_ _0\"></span>en su<span class=\"_ _0\"></span>ch ind<span class=\"_ _0\"></span>icato<span class=\"_ _0\"></span>rs exist<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e initia<span class=\"_ _0\"></span>l measu<span class=\"_ _0\"></span>rem<span class=\"_ _0\"></span>ent of the le<span class=\"_ _0\"></span>ase liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es is made up of the pre<span class=\"_ _0\"></span>sent val<span class=\"_ _0\"></span>ue of lease pay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts to be made over the le<span class=\"_ _0\"></span>ase term<span class=\"_ _0\"></span>, inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>ing f<span class=\"_ _0\"></span>ixed<span class=\"_ _0\"></span> leas<span class=\"_ _0\"></span>e payme<span class=\"_ _0\"></span>nts and excl<span class=\"_ _0\"></span>udi<span class=\"_ _0\"></span>ng leas<span class=\"_ _0\"></span>e inc<span class=\"_ _0\"></span>enti<span class=\"_ _0\"></span>ve rece<span class=\"_ _0\"></span>ivab<span class=\"_ _0\"></span>les<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e Group us<span class=\"_ _0\"></span>es the in<span class=\"_ _0\"></span>cre<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>ntal bo<span class=\"_ _0\"></span>rrowi<span class=\"_ _0\"></span>ng rate as a discou<span class=\"_ _0\"></span>nt rate for calc<span class=\"_ _0\"></span>ulatin<span class=\"_ _0\"></span>g the leas<span class=\"_ _0\"></span>e liabili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s. Th<span class=\"_ _0\"></span>e leas<span class=\"_ _0\"></span>e liabili<span class=\"_ _0\"></span>ties are unwo<span class=\"_ _0\"></span>und over th<span class=\"_ _0\"></span>e term of the leas<span class=\"_ _0\"></span>e givin<span class=\"_ _0\"></span>g rise to an interest ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nse. Ad<span class=\"_ _0\"></span>diti<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>lly, the liabili<span class=\"_ _0\"></span>ties are re<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span> whe<span class=\"_ _0\"></span>n lease pay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts are mad<span class=\"_ _0\"></span>e. Th<span class=\"_ _0\"></span>e Group re<span class=\"_ _0\"></span>asses<span class=\"_ _0\"></span>ses th<span class=\"_ _0\"></span>e car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>yi<span class=\"_ _0\"></span>ng amo<span class=\"_ _0\"></span>unt of leas<span class=\"_ _0\"></span>e liabili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s and righ<span class=\"_ _0\"></span>t-<span class=\"_ _0\"></span>of-<span class=\"_ _0\"></span>use as<span class=\"_ _0\"></span>sets if ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ain events o<span class=\"_ _0\"></span>cc<span class=\"_ _0\"></span>ur that mod<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>y the or<span class=\"_ _0\"></span>igi<span class=\"_ _0\"></span>nal assu<span class=\"_ _0\"></span>mpti<span class=\"_ _0\"></span>ons use<span class=\"_ _0\"></span>d to calcu<span class=\"_ _0\"></span>late the leas<span class=\"_ _0\"></span>e balan<span class=\"_ _0\"></span>ces up<span class=\"_ _0\"></span>on ini<span class=\"_ _0\"></span>tial re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Group l<span class=\"_ _0\"></span>eases of<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>es, ve<span class=\"_ _0\"></span>hicl<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, IT equ<span class=\"_ _0\"></span>ipm<span class=\"_ _0\"></span>ent an<span class=\"_ _0\"></span>d investm<span class=\"_ _0\"></span>ent pr<span class=\"_ _0\"></span>ope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es und<span class=\"_ _0\"></span>er no<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>cel<span class=\"_ _0\"></span>labl<span class=\"_ _0\"></span>e ope<span class=\"_ _0\"></span>ratin<span class=\"_ _0\"></span>g leas<span class=\"_ _0\"></span>e agree<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts<span class=\"_ _0\"></span>. The Gro<span class=\"_ _0\"></span>up has<span class=\"_ _0\"></span> ele<span class=\"_ _0\"></span>cted to make use of the rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>n exempt<span class=\"_ _0\"></span>ions as pe<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ted in res<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ct of shor<span class=\"_ _3\"></span>t-ter<span class=\"_ _0\"></span>m leas<span class=\"_ _0\"></span>es (le<span class=\"_ _0\"></span>ase co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts wi<span class=\"_ _0\"></span>th a term of 1<span class=\"_ _1\"></span>2 <span class=\"_ _1\"></span>mo<span class=\"_ _0\"></span>nths or le<span class=\"_ _0\"></span>ss), and le<span class=\"_ _0\"></span>ase co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts for whic<span class=\"_ _0\"></span>h the un<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>ly<span class=\"_ _0\"></span>ing ass<span class=\"_ _0\"></span>et is of low value. Su<span class=\"_ _0\"></span>ch le<span class=\"_ _0\"></span>ases are not re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed on th<span class=\"_ _0\"></span>e Con<span class=\"_ _0\"></span>soli<span class=\"_ _0\"></span>dated Bal<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e Sh<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t but th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ises the as<span class=\"_ _0\"></span>soc<span class=\"_ _0\"></span>iated le<span class=\"_ _0\"></span>ase paym<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s as an expen<span class=\"_ _0\"></span>se over the le<span class=\"_ _0\"></span>ase term<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Lessor<span class=\"_ _3b2\"> </span>Wh<span class=\"_ _0\"></span>ere the Gr<span class=\"_ _0\"></span>oup is the le<span class=\"_ _0\"></span>sso<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>, lease<span class=\"_ _0\"></span>s are class<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ied as f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>ce le<span class=\"_ _0\"></span>ases if th<span class=\"_ _0\"></span>e risks and rewa<span class=\"_ _0\"></span>rds of owners<span class=\"_ _0\"></span>hip are sub<span class=\"_ _0\"></span>sta<span class=\"_ _0\"></span>ntiall<span class=\"_ _0\"></span>y transfe<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d to the less<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>, and op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ating le<span class=\"_ _0\"></span>ases if the<span class=\"_ _0\"></span>y are not subs<span class=\"_ _0\"></span>tanti<span class=\"_ _0\"></span>ally tra<span class=\"_ _0\"></span>nsfer<span class=\"_ _0\"></span>red<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Group l<span class=\"_ _0\"></span>eases c<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>tain invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ties to third par<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>. Und<span class=\"_ _0\"></span>er the<span class=\"_ _0\"></span>se agre<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span>, subs<span class=\"_ _0\"></span>tant<span class=\"_ _0\"></span>ially all th<span class=\"_ _0\"></span>e risks an<span class=\"_ _0\"></span>d rewards inc<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>ntal to owne<span class=\"_ _0\"></span>rshi<span class=\"_ _0\"></span>p are transfe<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d to the lesse<span class=\"_ _0\"></span>e, an<span class=\"_ _0\"></span>d therefo<span class=\"_ _0\"></span>re the co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts have be<span class=\"_ _0\"></span>en cla<span class=\"_ _0\"></span>ssif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d as fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e leas<span class=\"_ _0\"></span>es. At the le<span class=\"_ _0\"></span>ase co<span class=\"_ _0\"></span>mme<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent date<span class=\"_ _0\"></span>, the<span class=\"_ gsec\"> </span>G<span class=\"_ _0\"></span>roup de<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>cog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>s the invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ty ass<span class=\"_ _0\"></span>et and re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>s a rece<span class=\"_ _0\"></span>ivab<span class=\"_ _0\"></span>le asse<span class=\"_ _0\"></span>t on its Co<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>lidate<span class=\"_ _0\"></span>d Balan<span class=\"_ _0\"></span>ce S<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>et to refle<span class=\"_ _0\"></span>ct th<span class=\"_ _0\"></span>e net invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t in the<span class=\"_ gsec\"> </span>le<span class=\"_ _0\"></span>ase, e<span class=\"_ _0\"></span>qual to the pres<span class=\"_ _0\"></span>ent valu<span class=\"_ _0\"></span>e of the lease pay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts. T<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>s fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e inc<span class=\"_ _0\"></span>ome ove<span class=\"_ _0\"></span>r the lea<span class=\"_ _0\"></span><span class=\"ls1 ws0\">S<span class=\"ff3 ls9\">e ter<span class=\"_ _0\"></span>m to refl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t the<span class=\"_ _0\"></span> </span></span>rate of return on<span class=\"_ gsec\"> </span>th<span class=\"_ _0\"></span>e net inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt in the le<span class=\"_ _0\"></span>ase.<span class=\"_ _3b2\"> </span>Und<span class=\"_ _0\"></span>er oth<span class=\"_ _0\"></span>er leas<span class=\"_ _0\"></span>e agre<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ents th<span class=\"_ _0\"></span>e Group is co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>d to substa<span class=\"_ _0\"></span>ntiall<span class=\"_ _0\"></span>y retain all th<span class=\"_ _0\"></span>e risks and rewa<span class=\"_ _0\"></span>rds of owner<span class=\"_ _0\"></span>ship of the und<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ly<span class=\"_ _0\"></span>ing ass<span class=\"_ _0\"></span>et,<span class=\"_ _0\"></span> the<span class=\"_ _0\"></span>refore thes<span class=\"_ _0\"></span>e con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts have bee<span class=\"_ _0\"></span>n clas<span class=\"_ _0\"></span>sif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d as oper<span class=\"_ _0\"></span>atin<span class=\"_ _0\"></span>g lease<span class=\"_ _0\"></span>s. Leas<span class=\"_ _0\"></span>e inc<span class=\"_ _0\"></span>ome fr<span class=\"_ _0\"></span>om op<span class=\"_ _0\"></span>erat<span class=\"_ _0\"></span>ing le<span class=\"_ _0\"></span>ases is rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in the Co<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>lidated In<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me S<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent on<span class=\"_ gsec\"> </span>a s<span class=\"_ _0\"></span>traig<span class=\"_ _0\"></span>ht-<span class=\"_ _0\"></span>lin<span class=\"_ _0\"></span>e basis over the le<span class=\"_ _0\"></span>ase term<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Pr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>ision<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span>Provis<span class=\"_ _0\"></span>ions are re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed whe<span class=\"_ _0\"></span>n the Gro<span class=\"_ _0\"></span>up has a prese<span class=\"_ _0\"></span>nt le<span class=\"_ _0\"></span>gal or co<span class=\"_ _0\"></span>nst<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ve oblig<span class=\"_ _0\"></span>ation as a resul<span class=\"_ _0\"></span>t of past event<span class=\"_ _0\"></span>s, it is pro<span class=\"_ _0\"></span>bab<span class=\"_ _0\"></span>le that an ou<span class=\"_ _0\"></span>tf<span class=\"_ _0\"></span>low<span class=\"_ _0\"></span> of<span class=\"_ gsec\"> </span>resou<span class=\"_ _0\"></span>rce<span class=\"_ _0\"></span>s emb<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g eco<span class=\"_ _0\"></span>no<span class=\"_ _0\"></span>mic be<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ts will be requ<span class=\"_ _0\"></span>ired to set<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>e the obli<span class=\"_ _0\"></span>gatio<span class=\"_ _0\"></span>n, an<span class=\"_ _0\"></span>d a reliabl<span class=\"_ _0\"></span>e esti<span class=\"_ _0\"></span>mate of the amou<span class=\"_ _0\"></span>nt of the oblig<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n can be<span class=\"_ gsec\"> </span>ma<span class=\"_ _0\"></span>de. W<span class=\"_ _0\"></span>here th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p expe<span class=\"_ _0\"></span>cts a prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>n to be reimbu<span class=\"_ _0\"></span>rse<span class=\"_ _0\"></span>d, for exam<span class=\"_ _0\"></span>ple un<span class=\"_ _0\"></span>der an in<span class=\"_ _0\"></span>sura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t, th<span class=\"_ _0\"></span>e reimb<span class=\"_ _0\"></span>urs<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent is rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d as<span class=\"_ gsec\"> </span>a<span class=\"_ gsec\"> </span>sep<span class=\"_ _0\"></span>arate asse<span class=\"_ _0\"></span>t but on<span class=\"_ _0\"></span>ly whe<span class=\"_ _0\"></span>n the reim<span class=\"_ _0\"></span>bur<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t is vir<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>ally ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ain. T<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>s a provisio<span class=\"_ _0\"></span>n for one<span class=\"_ _0\"></span>rous co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>acts wh<span class=\"_ _0\"></span>en the<span class=\"_ _0\"></span> exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted ben<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>its to be der<span class=\"_ _0\"></span>ived fro<span class=\"_ _0\"></span>m a cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t are less th<span class=\"_ _0\"></span>an the unavoi<span class=\"_ _0\"></span>dabl<span class=\"_ _0\"></span>e cos<span class=\"_ _0\"></span>ts of meet<span class=\"_ _0\"></span>ing the o<span class=\"_ _0\"></span>blig<span class=\"_ _0\"></span>ation<span class=\"_ _0\"></span>s unde<span class=\"_ _0\"></span>r the co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Ta<span class=\"_ _0\"></span>x<span class=\"_ _3b2\"> </span>Current tax<span class=\"_ _3b2\"> </span>Cur<span class=\"_ _0\"></span>rent ta<span class=\"_ _0\"></span>x co<span class=\"_ _0\"></span>mpr<span class=\"_ _0\"></span>ises ta<span class=\"_ _0\"></span>x payabl<span class=\"_ _0\"></span>e on cur<span class=\"_ _0\"></span>rent ye<span class=\"_ _0\"></span>ar prof<span class=\"_ _0\"></span>its<span class=\"_ _0\"></span>, adjus<span class=\"_ _0\"></span>ted for non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>x ded<span class=\"_ _0\"></span>ucti<span class=\"_ _0\"></span>ble o<span class=\"_ _0\"></span>r non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>xabl<span class=\"_ _0\"></span>e items<span class=\"_ _0\"></span>, and any adjus<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nts to tax payabl<span class=\"_ _0\"></span>e in resp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t of previou<span class=\"_ _0\"></span>s per<span class=\"_ _0\"></span>iod<span class=\"_ _0\"></span>s. Cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nt tax is rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in the Co<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>lidated In<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me S<span class=\"_ _0\"></span>tate<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t unles<span class=\"_ _0\"></span>s it relates to items whi<span class=\"_ _0\"></span>ch are rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d in the Co<span class=\"_ _0\"></span>nsol<span class=\"_ _0\"></span>idated S<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>teme<span class=\"_ _0\"></span>nt of Com<span class=\"_ _0\"></span>preh<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>ive Inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e or dire<span class=\"_ _0\"></span>ctl<span class=\"_ _0\"></span>y in equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y.<span class=\"_ _3b2\"> </span>Def<span class=\"_ _1\"></span>erred<span class=\"_ _1\"></span> tax<span class=\"_ _3b2\"> </span>Defer<span class=\"_ _0\"></span>red ta<span class=\"_ _0\"></span>x is calc<span class=\"_ _0\"></span>ulated o<span class=\"_ _0\"></span>n dif<span class=\"_ _0\"></span>feren<span class=\"_ _0\"></span>ces b<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n the acc<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>ntin<span class=\"_ _0\"></span>g value of assets an<span class=\"_ _0\"></span>d liabil<span class=\"_ _0\"></span>itie<span class=\"_ _0\"></span>s and the<span class=\"_ _0\"></span>ir resp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tive ta<span class=\"_ _0\"></span>x values<span class=\"_ _0\"></span>. Defer<span class=\"_ _0\"></span>red ta<span class=\"_ _0\"></span>x is also rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d in respe<span class=\"_ _0\"></span>ct of unus<span class=\"_ _0\"></span>ed ta<span class=\"_ _0\"></span>x loss<span class=\"_ _0\"></span>es to the ex<span class=\"_ _0\"></span>tent it is prob<span class=\"_ _0\"></span>able th<span class=\"_ _0\"></span>at futu<span class=\"_ _0\"></span>re taxa<span class=\"_ _0\"></span>ble prof<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>s will arise aga<span class=\"_ _0\"></span>inst wh<span class=\"_ _0\"></span>ich th<span class=\"_ _0\"></span>e loss<span class=\"_ _0\"></span>es can be u<span class=\"_ _0\"></span>tilise<span class=\"_ _0\"></span>d.<span class=\"_ _0\"></span> Defer<span class=\"_ _0\"></span>red ta<span class=\"_ _0\"></span>x is charg<span class=\"_ _0\"></span>ed or c<span class=\"_ _0\"></span>redi<span class=\"_ _0\"></span>ted to the Con<span class=\"_ _0\"></span>soli<span class=\"_ _0\"></span>dated Inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e S<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>, exce<span class=\"_ _0\"></span>pt when it re<span class=\"_ _0\"></span>lates to items charg<span class=\"_ _0\"></span>ed or c<span class=\"_ _0\"></span>redi<span class=\"_ _0\"></span>ted to the Con<span class=\"_ _0\"></span>soli<span class=\"_ _0\"></span>dated S<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent of Co<span class=\"_ _0\"></span>mpre<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>nsi<span class=\"_ _0\"></span>ve Inco<span class=\"_ _0\"></span>me or ch<span class=\"_ _0\"></span>arg<span class=\"_ _0\"></span>ed or cre<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>ted direc<span class=\"_ _0\"></span>tly in e<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>ty.<span class=\"_ _3b2\"> </span>T<span class=\"_ _1\"></span>ax at<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ib<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>e to poli<span class=\"_ _0\"></span>cy<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>rs an<span class=\"_ _0\"></span>d eq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y ho<span class=\"_ _0\"></span>ld<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e total tax expe<span class=\"_ _0\"></span>nse sh<span class=\"_ _0\"></span>own in the Gro<span class=\"_ _0\"></span>up\u2019s Con<span class=\"_ _0\"></span>solid<span class=\"_ _0\"></span>ated Inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e S<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>des in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me tax b<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ne by both po<span class=\"_ _0\"></span>licy<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>lde<span class=\"_ _0\"></span>rs and e<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y hold<span class=\"_ _0\"></span>ers<span class=\"_ _0\"></span>. This ha<span class=\"_ _0\"></span>s bee<span class=\"_ _0\"></span>n spli<span class=\"_ _0\"></span>t bet<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n tax at<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>tab<span class=\"_ _0\"></span>le to polic<span class=\"_ _0\"></span>yh<span class=\"_ _0\"></span>old<span class=\"_ _0\"></span>ers<span class=\"_ _0\"></span>\u2019 retur<span class=\"_ _0\"></span>ns and eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y ho<span class=\"_ _0\"></span>lde<span class=\"_ _0\"></span>rs\u2019 pr<span class=\"_ _0\"></span>ofi<span class=\"_ _0\"></span>ts. Po<span class=\"_ _0\"></span>licy<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>lde<span class=\"_ _0\"></span>r tax co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>rise<span class=\"_ _0\"></span>s the tax su<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>fered on<span class=\"_ _0\"></span> pol<span class=\"_ _0\"></span>icy<span class=\"_ _0\"></span>hol<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r investm<span class=\"_ _0\"></span>ent ret<span class=\"_ _0\"></span>urn<span class=\"_ _0\"></span>s, whil<span class=\"_ _0\"></span>e equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y hol<span class=\"_ _0\"></span>der ta<span class=\"_ _0\"></span>x is cor<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>on tax c<span class=\"_ _0\"></span>harg<span class=\"_ _0\"></span>ed on eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y ho<span class=\"_ _0\"></span>ld<span class=\"_ _0\"></span>er prof<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>. The se<span class=\"_ _0\"></span>par<span class=\"_ _0\"></span>ate presen<span class=\"_ _0\"></span>tatio<span class=\"_ _0\"></span>n is intend<span class=\"_ _0\"></span>ed to provide mo<span class=\"_ _0\"></span>re relev<span class=\"_ _0\"></span>ant infor<span class=\"_ _0\"></span>matio<span class=\"_ _0\"></span>n abo<span class=\"_ _0\"></span>ut the ta<span class=\"_ _0\"></span>x that the G<span class=\"_ _0\"></span>roup pays on th<span class=\"_ _0\"></span>e prof<span class=\"_ _0\"></span>its that it ma<span class=\"_ _0\"></span>kes.<span class=\"_ _3b2\"> </span>Use o<span class=\"_ _0\"></span>f es<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>tes<span class=\"_ _3b2\"> </span>T<span class=\"_ _4\"></span>a<span class=\"_ _0\"></span>x bala<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>es inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>e the use of estim<span class=\"_ _0\"></span>ates and assu<span class=\"_ _0\"></span>mpti<span class=\"_ _0\"></span>ons whi<span class=\"_ _0\"></span>ch affe<span class=\"_ _0\"></span>ct ite<span class=\"_ _0\"></span>ms repo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ted in th<span class=\"_ _0\"></span>e Co<span class=\"_ _0\"></span>nsoli<span class=\"_ _0\"></span>dated Ba<span class=\"_ _0\"></span>lanc<span class=\"_ _0\"></span>e Sh<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t, C<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>olid<span class=\"_ _0\"></span>ated Inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e S<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent an<span class=\"_ _0\"></span>d Con<span class=\"_ _0\"></span>soli<span class=\"_ _0\"></span>dated S<span class=\"_ _0\"></span>tate<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t of Comp<span class=\"_ _0\"></span>reh<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>ve Inc<span class=\"_ _0\"></span>ome<span class=\"_ _0\"></span>. Al<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>ugh th<span class=\"_ _0\"></span>ese es<span class=\"_ _0\"></span>timates are bas<span class=\"_ _0\"></span>ed on man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>\u2019s best kn<span class=\"_ _0\"></span>owle<span class=\"_ _0\"></span>dge of cur<span class=\"_ _0\"></span>rent ci<span class=\"_ _0\"></span>rcu<span class=\"_ _0\"></span>msta<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>es and fu<span class=\"_ _0\"></span>ture eve<span class=\"_ _0\"></span>nts and ac<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s, ac<span class=\"_ _0\"></span>tual resu<span class=\"_ _0\"></span>lts may dif<span class=\"_ _0\"></span>fer fro<span class=\"_ _0\"></span>m thos<span class=\"_ _0\"></span>e estim<span class=\"_ _0\"></span>ates.<span class=\"_ _3b2\"> </span>For ta<span class=\"_ _0\"></span>x this i<span class=\"_ _0\"></span>ncl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>s the d<span class=\"_ _0\"></span>eter<span class=\"_ _0\"></span>minat<span class=\"_ _0\"></span>ion of as<span class=\"_ _0\"></span>sets a<span class=\"_ _0\"></span>nd lia<span class=\"_ _0\"></span>bilit<span class=\"_ _0\"></span>ies re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed in re<span class=\"_ _0\"></span>sp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t of unc<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>tain ta<span class=\"_ _0\"></span>x pos<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>ns an<span class=\"_ _0\"></span>d the e<span class=\"_ _0\"></span>stim<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of futu<span class=\"_ _0\"></span>re taxa<span class=\"_ _0\"></span>ble in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me sup<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g defer<span class=\"_ _0\"></span>red ta<span class=\"_ _0\"></span>x asset re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>As the G<span class=\"_ _0\"></span>roup op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ates intern<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>nally, it is expos<span class=\"_ _0\"></span>ed to unc<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ain ta<span class=\"_ _0\"></span>x posi<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s and cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>s in legis<span class=\"_ _0\"></span>latio<span class=\"_ _0\"></span>n in the juri<span class=\"_ _0\"></span>sdic<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns in whic<span class=\"_ _0\"></span>h it ope<span class=\"_ _0\"></span>rates<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e assessm<span class=\"_ _0\"></span>ent of <span class=\"_ _1\"></span>unc<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>tain tax positi<span class=\"_ _0\"></span>ons is subjec<span class=\"_ _0\"></span>tive and signif<span class=\"_ _0\"></span>ica<span class=\"_ _0\"></span>nt manage<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt judge<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt is <span class=\"_ _1\"></span>requi<span class=\"_ _0\"></span>red<span class=\"_ _0\"></span>. This judgem<span class=\"_ _0\"></span>ent is based on <span class=\"_ _1\"></span>inter<span class=\"_ _0\"></span>pret<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> of legisl<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n, man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt exp<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ce and profes<span class=\"_ _0\"></span>sio<span class=\"_ _0\"></span>nal adv<span class=\"_ _0\"></span>ice<span class=\"_ _0\"></span>. The di<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>tors have asse<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>d the Gro<span class=\"_ _0\"></span>up\u2019s unce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>in tax po<span class=\"_ _0\"></span>siti<span class=\"_ _0\"></span>ons an<span class=\"_ _0\"></span>d are co<span class=\"_ _0\"></span>mfor<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ble that th<span class=\"_ _0\"></span>e provisi<span class=\"_ _0\"></span>ons in pla<span class=\"_ _0\"></span>ce are not mate<span class=\"_ _0\"></span>rial in<span class=\"_ _0\"></span>divi<span class=\"_ _0\"></span>dual<span class=\"_ _0\"></span>ly or in agg<span class=\"_ _0\"></span>rega<span class=\"_ _0\"></span>te, and that a reaso<span class=\"_ _0\"></span>nab<span class=\"_ _0\"></span>le pos<span class=\"_ _0\"></span>sibl<span class=\"_ _0\"></span>e alter<span class=\"_ _0\"></span>native ou<span class=\"_ _0\"></span>tco<span class=\"_ _0\"></span>me in the<span class=\"_ gsec\"> </span>n<span class=\"_ _0\"></span>ex<span class=\"_ _0\"></span>t fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>ial year wou<span class=\"_ _0\"></span>ld not have a material im<span class=\"_ _0\"></span>pac<span class=\"_ _0\"></span>t to the results of the Gro<span class=\"_ _0\"></span>up.<span class=\"_ _3b2\"> </span>Foreig<span class=\"_ _0\"></span>n exch<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nge a<span class=\"_ _0\"></span>nd exch<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nge r<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span>Fore<span class=\"_ _0\"></span>ign cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>ncy tra<span class=\"_ _0\"></span>nsa<span class=\"_ _0\"></span>ctio<span class=\"_ _0\"></span>ns are tran<span class=\"_ _0\"></span>slated into the fu<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>al cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cy usin<span class=\"_ _0\"></span>g the excha<span class=\"_ _0\"></span>nge rate preva<span class=\"_ _0\"></span>iling at th<span class=\"_ _0\"></span>e date of <span class=\"_ _1\"></span>the tra<span class=\"_ _0\"></span>nsa<span class=\"_ _0\"></span>ctio<span class=\"_ _0\"></span>ns.<span class=\"_ _0\"></span> Th<span class=\"_ _0\"></span>e<span class=\"_ gsec\"> </span>fun<span class=\"_ _0\"></span>ctio<span class=\"_ _0\"></span>nal cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>ncy of the Gro<span class=\"_ _0\"></span>up\u2019s foreign o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ratio<span class=\"_ _0\"></span>ns is the cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cy of the pri<span class=\"_ _0\"></span>mar<span class=\"_ _3\"></span>y eco<span class=\"_ _0\"></span>no<span class=\"_ _0\"></span>mic envi<span class=\"_ _0\"></span>ron<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t in which th<span class=\"_ _0\"></span>e enti<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y ope<span class=\"_ _0\"></span>rates.<span class=\"_ _0\"></span> Th<span class=\"_ _0\"></span>e<span class=\"_ gsec\"> </span>asse<span class=\"_ _0\"></span>ts and liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es of all of the Group\u2019s foreign o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ratio<span class=\"_ _0\"></span>ns are tran<span class=\"_ _0\"></span>slated into ster<span class=\"_ _0\"></span>ling<span class=\"_ _0\"></span>, the Gro<span class=\"_ _0\"></span>up\u2019s prese<span class=\"_ _0\"></span>ntati<span class=\"_ _0\"></span>on cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cy, at the closin<span class=\"_ _0\"></span>g rate<span class=\"_ gsec\"> </span>at<span class=\"_ gsec\"> </span>the date of the Co<span class=\"_ _0\"></span>nsol<span class=\"_ _0\"></span>idated B<span class=\"_ _0\"></span>alan<span class=\"_ _0\"></span>ce Sh<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t. In<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me and ex<span class=\"_ _0\"></span>pen<span class=\"_ _0\"></span>ses are tra<span class=\"_ _0\"></span>nslate<span class=\"_ _0\"></span>d at average exch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e rates. On co<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>lidat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>, excha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span> dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>s arisi<span class=\"_ _0\"></span>ng from th<span class=\"_ _0\"></span>e trans<span class=\"_ _0\"></span>latio<span class=\"_ _0\"></span>n of the net inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt in foreig<span class=\"_ _0\"></span>n entit<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>, and of bor<span class=\"_ _0\"></span>rowing<span class=\"_ _0\"></span>s and othe<span class=\"_ _0\"></span>r cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cy inst<span class=\"_ _0\"></span>rum<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts desig<span class=\"_ _0\"></span>nated as<span class=\"_ gsec\"> </span>he<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>s of such invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts<span class=\"_ _0\"></span>, are taken to a <span class=\"_ _1\"></span>sep<span class=\"_ _0\"></span>arate co<span class=\"_ _0\"></span>mpo<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>nt of share<span class=\"_ _0\"></span>hol<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>s\u2019 equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y.<span class=\"_ _3b2\"> </span>Fore<span class=\"_ _0\"></span>ign exch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e gains and lo<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s are reco<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>sed in th<span class=\"_ _0\"></span>e Con<span class=\"_ _0\"></span>soli<span class=\"_ _0\"></span>dated Inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e S<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>, excep<span class=\"_ _0\"></span>t when re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d in equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y as quali<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g cash<span class=\"_ _0\"></span> fl<span class=\"_ _0\"></span>ow or net inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt hed<span class=\"_ _0\"></span>ges<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Share<span class=\"_ _0\"></span>-based payments<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Group ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>unts for op<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s and awards und<span class=\"_ _0\"></span>er eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n plans<span class=\"_ _0\"></span>, until su<span class=\"_ _0\"></span>ch tim<span class=\"_ _0\"></span>e as they are full<span class=\"_ _0\"></span>y vested<span class=\"_ _0\"></span>, usin<span class=\"_ _0\"></span>g the fair valu<span class=\"_ _0\"></span>e base<span class=\"_ _0\"></span>d<span class=\"_ gsec\"> </span>met<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>d of accou<span class=\"_ _0\"></span>ntin<span class=\"_ _0\"></span>g. T<span class=\"_ _0\"></span>he fair valu<span class=\"_ _0\"></span>e at the date of <span class=\"_ _1\"></span>gra<span class=\"_ _0\"></span>nt of the equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y instr<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ent is re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d as an expe<span class=\"_ _0\"></span>nse<span class=\"_ _0\"></span>, sprea<span class=\"_ _0\"></span>d over the vesti<span class=\"_ _0\"></span>ng per<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d of the instr<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>. The total am<span class=\"_ _0\"></span>ount to be exp<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>ed is deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ed by referen<span class=\"_ _0\"></span>ce to the fair valu<span class=\"_ _0\"></span>e of the awards, exclu<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>g the impa<span class=\"_ _0\"></span>ct of any<span class=\"_ gsec\"> </span>no<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>mar<span class=\"_ _0\"></span>ket vesti<span class=\"_ _0\"></span>ng co<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s. At eac<span class=\"_ _0\"></span>h balan<span class=\"_ _0\"></span>ce she<span class=\"_ _0\"></span>et date<span class=\"_ _0\"></span>, the Grou<span class=\"_ _0\"></span>p revise<span class=\"_ _0\"></span>s its esti<span class=\"_ _0\"></span>mate of the numb<span class=\"_ _0\"></span>er of equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y inst<span class=\"_ _0\"></span>rum<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s which are<span class=\"_ _0\"></span> exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted to beco<span class=\"_ _0\"></span>me exerc<span class=\"_ _0\"></span>isab<span class=\"_ _0\"></span>le. I<span class=\"_ _0\"></span>t reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>es the im<span class=\"_ _0\"></span>pac<span class=\"_ _0\"></span>t of the revisio<span class=\"_ _0\"></span>n of origi<span class=\"_ _0\"></span>nal esti<span class=\"_ _0\"></span>mates<span class=\"_ _0\"></span>, if any<span class=\"_ _1\"></span>, in the Co<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>lidated In<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me S<span class=\"_ _0\"></span>tate<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t and a<span class=\"_ gsec\"> </span>cor<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>ndin<span class=\"_ _0\"></span>g adjus<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt is made to equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y. <span class=\"_ _1\"></span>On ves<span class=\"_ _0\"></span>ting or exer<span class=\"_ _0\"></span>cise<span class=\"_ _0\"></span>, the dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e bet<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n the exp<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>e charg<span class=\"_ _0\"></span>ed to the Co<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>lidated In<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span> S<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent an<span class=\"_ _0\"></span>d the actu<span class=\"_ _0\"></span>al cos<span class=\"_ _0\"></span>t to the Group is<span class=\"_ gsec\"> </span>tr<span class=\"_ _0\"></span>ansfer<span class=\"_ _0\"></span>red to Retain<span class=\"_ _0\"></span>ed ea<span class=\"_ _0\"></span>rni<span class=\"_ _0\"></span>ngs<span class=\"_ _0\"></span>. Whe<span class=\"_ _0\"></span>re new sha<span class=\"_ _0\"></span>res are issu<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>, the pro<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>s rece<span class=\"_ _0\"></span>ive<span class=\"_ _0\"></span>d are credi<span class=\"_ _0\"></span>ted to Share ca<span class=\"_ _0\"></span>pit<span class=\"_ _0\"></span>al and Sh<span class=\"_ _0\"></span>are pre<span class=\"_ _0\"></span>mium<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Sha<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e capita<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>, sh<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>re pre<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>iu<span class=\"_ _0\"></span>m an<span class=\"_ _0\"></span>d employee s<span class=\"_ _0\"></span>cheme t<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y sh<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>res<span class=\"_ _3b2\"> </span>An e<span class=\"_ _0\"></span>quit<span class=\"_ _0\"></span>y in<span class=\"_ _0\"></span>str<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nt is any con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>t whic<span class=\"_ _0\"></span>h evid<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>es a resid<span class=\"_ _0\"></span>ual intere<span class=\"_ _0\"></span>st in the ne<span class=\"_ _0\"></span>t assets of an enti<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y. <span class=\"_ _1\"></span>It follows tha<span class=\"_ _0\"></span>t a finan<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>l instr<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span> is<span class=\"_ gsec\"> </span>treated as eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y if<span class=\"_ _0\"></span>:<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">the<span class=\"_ _0\"></span>re is no c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>tual o<span class=\"_ _0\"></span>blig<span class=\"_ _0\"></span>ation to d<span class=\"_ _0\"></span>elive<span class=\"_ _0\"></span>r cas<span class=\"_ _0\"></span>h or oth<span class=\"_ _0\"></span>er f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al asse<span class=\"_ _0\"></span>ts or to exch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial as<span class=\"_ _0\"></span>sets o<span class=\"_ _0\"></span>r lia<span class=\"_ _0\"></span>bilit<span class=\"_ _0\"></span>ies o<span class=\"_ _0\"></span>n unfavour<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e terms<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">the ins<span class=\"_ _0\"></span>tru<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt is eith<span class=\"_ _0\"></span>er a non<span class=\"_ _3\"></span>-<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>ivati<span class=\"_ _0\"></span>ve whic<span class=\"_ _0\"></span>h cont<span class=\"_ _0\"></span>ains no co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>actu<span class=\"_ _0\"></span>al obl<span class=\"_ _0\"></span>igati<span class=\"_ _0\"></span>on to delive<span class=\"_ _0\"></span>r a variab<span class=\"_ _0\"></span>le num<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r of own equit<span class=\"_ _0\"></span>y ins<span class=\"_ _0\"></span>tru<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts<span class=\"_ _0\"></span>, </span>or<span class=\"_ gsec\"> </span>is<span class=\"_ gsec\"> </span>a<span class=\"_ gsec\"> </span>de<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>vative whi<span class=\"_ _0\"></span>ch will be se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tle<span class=\"_ _0\"></span>d only by the Gro<span class=\"_ _0\"></span>up exch<span class=\"_ _0\"></span>angi<span class=\"_ _0\"></span>ng a fixe<span class=\"_ _0\"></span>d amo<span class=\"_ _0\"></span>unt of cash<span class=\"_ _0\"></span>, or othe<span class=\"_ _0\"></span>r fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial asse<span class=\"_ _0\"></span>ts, for a fi<span class=\"_ _0\"></span>xed num<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r of<span class=\"_ gsec\"> </span>its<span class=\"_ gsec\"> </span>own eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y ins<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nts<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Wh<span class=\"_ _0\"></span>ere any Grou<span class=\"_ _0\"></span>p enti<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y purc<span class=\"_ _0\"></span>hase<span class=\"_ _0\"></span>s the Co<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>ny<span class=\"_ _0\"></span>\u2019s equit<span class=\"_ _0\"></span>y sh<span class=\"_ _0\"></span>are cap<span class=\"_ _0\"></span>ital<span class=\"_ _0\"></span>, the co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ation pa<span class=\"_ _0\"></span>id, in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>ding any dir<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tly at<span class=\"_ _0\"></span>tri<span class=\"_ _0\"></span>bu<span class=\"_ _0\"></span>tabl<span class=\"_ _0\"></span>e inc<span class=\"_ _0\"></span>rem<span class=\"_ _0\"></span>enta<span class=\"_ _0\"></span>l cos<span class=\"_ _0\"></span>ts<span class=\"_ gsec\"> </span>(net of inco<span class=\"_ _0\"></span>me ta<span class=\"_ _0\"></span>xes), is <span class=\"_ _1\"></span>de<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>ted from e<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>ty at<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ble to share<span class=\"_ _0\"></span>hol<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>s. W<span class=\"_ _0\"></span>here su<span class=\"_ _0\"></span>ch sh<span class=\"_ _0\"></span>ares are sub<span class=\"_ _0\"></span>seq<span class=\"_ _0\"></span>uen<span class=\"_ _0\"></span>tly so<span class=\"_ _0\"></span>ld, rei<span class=\"_ _0\"></span>ssu<span class=\"_ _0\"></span>ed or<span class=\"_ _0\"></span> othe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>wise<span class=\"_ gsec\"> </span>dis<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>sed of, any consi<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n rece<span class=\"_ _0\"></span>ive<span class=\"_ _0\"></span>d is inclu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d in equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y att<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>uta<span class=\"_ _0\"></span>ble to share<span class=\"_ _0\"></span>hol<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>, net of any direc<span class=\"_ _0\"></span>tly at<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>tabl<span class=\"_ _0\"></span>e inc<span class=\"_ _0\"></span>rem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>al tran<span class=\"_ _0\"></span>sac<span class=\"_ _0\"></span>tion c<span class=\"_ _0\"></span>osts an<span class=\"_ _0\"></span>d the relate<span class=\"_ _0\"></span>d inco<span class=\"_ _0\"></span>me ta<span class=\"_ _0\"></span>x effe<span class=\"_ _0\"></span>cts<span class=\"_ _0\"></span>. Sh<span class=\"_ _0\"></span>ares he<span class=\"_ _0\"></span>ld on be<span class=\"_ _0\"></span>half of emp<span class=\"_ _0\"></span>loye<span class=\"_ _0\"></span>e share sc<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>mes are dis<span class=\"_ _0\"></span>clos<span class=\"_ _0\"></span>ed as suc<span class=\"_ _0\"></span>h on the<span class=\"_ _0\"></span> Co<span class=\"_ _0\"></span>nsol<span class=\"_ _0\"></span>idated B<span class=\"_ _0\"></span>alan<span class=\"_ _0\"></span>ce S<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>et.<span class=\"_ _3b2\"> </span>Fiduci<span class=\"_ _0\"></span>ar<span class=\"_ _3\"></span>y act<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>itie<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span>Ass<span class=\"_ _0\"></span>ets ass<span class=\"_ _0\"></span>oci<span class=\"_ _0\"></span>ated with f<span class=\"_ _0\"></span>idu<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y acti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ties an<span class=\"_ _0\"></span>d the inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e arisin<span class=\"_ _0\"></span>g from th<span class=\"_ _0\"></span>ose ass<span class=\"_ _0\"></span>ets<span class=\"_ _0\"></span>, togeth<span class=\"_ _0\"></span>er wit<span class=\"_ _0\"></span>h asso<span class=\"_ _0\"></span>ciated c<span class=\"_ _0\"></span>omm<span class=\"_ _0\"></span>itm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s to return suc<span class=\"_ _0\"></span>h asse<span class=\"_ _0\"></span>ts to custome<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>, are not incl<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>ed in the<span class=\"_ _0\"></span>se fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>ial state<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts. W<span class=\"_ _0\"></span>here th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p acts in a fi<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>iar<span class=\"_ _0\"></span>y c<span class=\"_ _0\"></span>apac<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y, for instan<span class=\"_ _0\"></span>ce as a trus<span class=\"_ _0\"></span>tee or<span class=\"_ gsec\"> </span>ag<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>, it has no co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>ctu<span class=\"_ _0\"></span>al righ<span class=\"_ _0\"></span>ts over the asse<span class=\"_ _0\"></span>ts co<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>(ix) <span class=\"_ _d2\"> </span>Foreign e<span class=\"_ _0\"></span>xchan<span class=\"_ _0\"></span>ge and excha<span class=\"_ _0\"></span>nge rate<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e prin<span class=\"_ _0\"></span>cip<span class=\"_ _0\"></span>al foreign exc<span class=\"_ _0\"></span>hang<span class=\"_ _0\"></span>e rates use<span class=\"_ _0\"></span>d for transl<span class=\"_ _0\"></span>ation are<span class=\"_ _0\"></span>:<span class=\"_ _3b2\"> </span><table class=\"s w101 h129\" id=\"_fc23fe16-7ae4-46d4-809b-b2de2a9858da\"><tr><td class=\"c n x1cb y40a6 w102 h11d\"><div class=\"t m2 x1ca hf y40a5 ff5 fs9 fc1 sc0 ls18 ws0\">Year e<span class=\"_ _0\"></span>nd e<span class=\"_ _0\"></span>xc<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3f6 y40a6 w103 h11d\"><div class=\"t m2 x1ca hf y40a5 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3f7 y40a8 w104 h11e\"><div class=\"t m2 x1ca hf y40a7 ff3 fs9 fc1 sc0 ls29 ws30\">20<span class=\"_ _0\"></span>23<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4158 w105 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls14f ws118\">Un<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d S<span class=\"_ _3\"></span>tate<span class=\"_ _0\"></span>s d<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3f8 y4158 w106 h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">1.25<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3f9 y4158 w107 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1.27<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w108 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls130 ws1a1\">Euro<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3f8 y40ae w106 h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">1.21<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3f9 y40ae w107 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1.15<span class=\"_ _3b2\"> </span></div></td></tr></table><table class=\"s w109 h129\" id=\"_abe8c46c-7829-4113-bb3b-c9ff38309722\"><tr><td class=\"c n x1cb y40a6 w10a h11d\"><div class=\"t m2 x1ca hf y40a5 ff6 fs9 fc1 sc0 ls18 ws32\">Aver<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ge exc<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ge r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3fa y40a6 w103 h11d\"><div class=\"t m2 x1ca hf y40a5 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3fb y40a8 w104 h11e\"><div class=\"t m2 x1ca hf y40a7 ff3 fs9 fc1 sc0 ls29 ws30\">20<span class=\"_ _0\"></span>23<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ac w105 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls14f ws118\">Un<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d S<span class=\"_ _3\"></span>tate<span class=\"_ _0\"></span>s d<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3f8 y40ac w106 h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">1.28<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3f9 y40ac w107 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1.24<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w108 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls130 ws1a1\">Euro<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3f8 y40ae w106 h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">1.18<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3f9 y40ae w107 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1.15<span class=\"_ _3b2\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-21": {
   "value": "Legal & General Group Plc",
   "dimensions": {
    "concept": "ifrs-full:NameOfReportingEntityOrOtherMeansOfIdentification",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-582": {
   "value": "Legal & General Group Plc",
   "dimensions": {
    "concept": "ifrs-full:NameOfParentEntity",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-22": {
   "value": "public limited company",
   "dimensions": {
    "concept": "ifrs-full:LegalFormOfEntity",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-23": {
   "value": "England and Wales",
   "dimensions": {
    "concept": "ifrs-full:CountryOfIncorporation",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-583": {
   "value": "England and Wales",
   "dimensions": {
    "concept": "ifrs-full:DomicileOfEntity",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-584": {
   "value": "United Kingdom (UK), the United States and other countries throughout the world",
   "dimensions": {
    "concept": "ifrs-full:PrincipalPlaceOfBusiness",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-620": {
   "value": "Th<span class=\"_ _0\"></span>e Group f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al statem<span class=\"_ _0\"></span>ents have be<span class=\"_ _0\"></span>en p<span class=\"_ _0\"></span>repa<span class=\"_ _0\"></span>red in ac<span class=\"_ _0\"></span>cor<span class=\"_ _0\"></span>dan<span class=\"_ _0\"></span>ce wit<span class=\"_ _0\"></span>h UK-ad<span class=\"_ _0\"></span>opted in<span class=\"_ _0\"></span>terna<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>al acc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ting st<span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>ards<span class=\"_ _0\"></span>, com<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>ising In<span class=\"_ _0\"></span>ternat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>al Acc<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nting S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>ards and In<span class=\"_ _0\"></span>ternat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>al Fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al Rep<span class=\"_ _0\"></span>or<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>rds (IF<span class=\"_ _0\"></span>RS) as issue<span class=\"_ _0\"></span>d by the Intern<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>nal Acc<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>ntin<span class=\"_ _0\"></span>g S<span class=\"_ _0\"></span>tand<span class=\"_ _0\"></span>ards B<span class=\"_ _0\"></span>oard (I<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>SB), and rela<span class=\"_ _0\"></span>ted interp<span class=\"_ _0\"></span>retat<span class=\"_ _0\"></span>ions is<span class=\"_ _0\"></span>sue<span class=\"_ _0\"></span>d by the IFR<span class=\"_ _0\"></span>S Interp<span class=\"_ _0\"></span>retat<span class=\"_ _0\"></span>ions C<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>mit<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>e. En<span class=\"_ _0\"></span>dor<span class=\"_ _0\"></span>sem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t is granted by the U<span class=\"_ _0\"></span>K Endo<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt Bo<span class=\"_ _0\"></span>ard (U<span class=\"_ _0\"></span>K<span class=\"_ _0\"></span>EB). The<span class=\"_ _0\"></span> Grou<span class=\"_ _0\"></span>p fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial state<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts have bee<span class=\"_ _0\"></span>n prep<span class=\"_ _0\"></span>ared un<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r the histor<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>al cos<span class=\"_ _0\"></span>t conve<span class=\"_ _0\"></span>ntio<span class=\"_ _0\"></span>n, as mo<span class=\"_ _0\"></span>dif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d by the revaluati<span class=\"_ _0\"></span>on of investm<span class=\"_ _0\"></span>ent pr<span class=\"_ _0\"></span>ope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>ial ass<span class=\"_ _0\"></span>ets at fair value th<span class=\"_ _0\"></span>roug<span class=\"_ _0\"></span>h other c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>reh<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>ive inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e, and c<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ain asse<span class=\"_ _0\"></span>ts and f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>l liabili<span class=\"_ _0\"></span>ties (i<span class=\"_ _0\"></span>ncl<span class=\"_ _0\"></span>udin<span class=\"_ _0\"></span>g der<span class=\"_ _0\"></span>ivati<span class=\"_ _0\"></span>ve instr<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ents) at<span class=\"_ gsec\"> </span>fair valu<span class=\"_ _0\"></span>e throu<span class=\"_ _0\"></span>gh prof<span class=\"_ _0\"></span>it or lo<span class=\"_ _0\"></span>ss.<span class=\"_ _3b2\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:StatementOfIFRSCompliance",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-621": {
   "value": "(ii) <span class=\"_ _d\"> </span>G<span class=\"_ _0\"></span>oin<span class=\"_ _0\"></span>g concer<span class=\"_ _0\"></span>n<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Group\u2019s busi<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>s acti<span class=\"_ _0\"></span>viti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, togeth<span class=\"_ _0\"></span>er wit<span class=\"_ _0\"></span>h the factor<span class=\"_ _0\"></span>s likely to affec<span class=\"_ _0\"></span>t its fu<span class=\"_ _0\"></span>ture deve<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>pme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>, per<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rma<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e and pos<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>n in the cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>t eco<span class=\"_ _0\"></span>no<span class=\"_ _0\"></span>mic<span class=\"_ _0\"></span> envir<span class=\"_ _0\"></span>onm<span class=\"_ _0\"></span>ent are se<span class=\"_ _0\"></span>t out in this A<span class=\"_ _0\"></span>nnu<span class=\"_ _0\"></span>al rep<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>t and acc<span class=\"_ _0\"></span>ount<span class=\"_ _0\"></span>s. Th<span class=\"_ _0\"></span>e fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial po<span class=\"_ _0\"></span>siti<span class=\"_ _0\"></span>on of the Grou<span class=\"_ _0\"></span>p, its cas<span class=\"_ _0\"></span>h flows<span class=\"_ _0\"></span>, liqui<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>y po<span class=\"_ _0\"></span>siti<span class=\"_ _0\"></span>on and b<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>rowing<span class=\"_ _0\"></span> facili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s are desc<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>ed in th<span class=\"_ _0\"></span>ese co<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>lidated f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al statem<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span>. Pri<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>pal ris<span class=\"_ _0\"></span>ks and unc<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>tainti<span class=\"_ _0\"></span>es are det<span class=\"_ _0\"></span>aile<span class=\"_ _0\"></span>d on page<span class=\"_ _0\"></span>s 49 to <span class=\"_ _1\"></span>5<span class=\"_ _0\"></span>3.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e direc<span class=\"_ _0\"></span>tors have mad<span class=\"_ _0\"></span>e an asses<span class=\"_ _0\"></span>sme<span class=\"_ _0\"></span>nt of the Grou<span class=\"_ _0\"></span>p\u2019s going co<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>n, co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ing b<span class=\"_ _0\"></span>oth the cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>t per<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rma<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e and the ou<span class=\"_ _0\"></span>tlo<span class=\"_ _0\"></span>ok for a per<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d of at least<span class=\"_ _0\"></span>, bu<span class=\"_ _0\"></span>t not limi<span class=\"_ _0\"></span>ted to, 1<span class=\"_ _1\"></span>2 <span class=\"_ _1\"></span>mo<span class=\"_ _0\"></span>nths fro<span class=\"_ _0\"></span>m the date of approval of thes<span class=\"_ _0\"></span>e cons<span class=\"_ _0\"></span>olid<span class=\"_ _0\"></span>ated fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial st<span class=\"_ _0\"></span>ateme<span class=\"_ _0\"></span>nts<span class=\"_ _0\"></span>, using th<span class=\"_ _0\"></span>e informat<span class=\"_ _0\"></span>ion availa<span class=\"_ _0\"></span>ble up to the date of issue of this An<span class=\"_ _0\"></span>nual re<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t and ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>unts<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e Group mana<span class=\"_ _0\"></span>ges and mo<span class=\"_ _0\"></span>nitor<span class=\"_ _0\"></span>s its capit<span class=\"_ _0\"></span>al and liquidi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, <span class=\"_ _1\"></span>and appl<span class=\"_ _0\"></span>ies vari<span class=\"_ _0\"></span>ous stre<span class=\"_ _0\"></span>sses<span class=\"_ _0\"></span>, incl<span class=\"_ _0\"></span>udin<span class=\"_ _0\"></span>g adver<span class=\"_ _0\"></span>se inflat<span class=\"_ _0\"></span>ion and interes<span class=\"_ _0\"></span>t rate scenar<span class=\"_ _0\"></span>ios<span class=\"_ _0\"></span>, to thos<span class=\"_ _0\"></span>e posit<span class=\"_ _0\"></span>ions to under<span class=\"_ _0\"></span>sta<span class=\"_ _0\"></span>nd potenti<span class=\"_ _0\"></span>al impac<span class=\"_ _0\"></span>ts from mar<span class=\"_ _0\"></span>ket downtur<span class=\"_ _0\"></span>ns. Ou<span class=\"_ _0\"></span>r key <span class=\"_ _1\"></span>sensi<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>es and the impac<span class=\"_ _0\"></span>ts on our capi<span class=\"_ _0\"></span>tal posi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n from a range<span class=\"_ _0\"></span> of<span class=\"_ gsec\"> </span>stres<span class=\"_ _0\"></span>ses are discl<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>d in Note <span class=\"_ _1\"></span>27 Manage<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt of capita<span class=\"_ _0\"></span>l resourc<span class=\"_ _0\"></span>es1<span class=\"_ _3b2\"> </span>. Thes<span class=\"_ _0\"></span>e stresse<span class=\"_ _0\"></span>s do not give <span class=\"_ _1\"></span>ris<span class=\"_ _0\"></span>e t<span class=\"_ _1\"></span>o any material unc<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ainti<span class=\"_ _0\"></span>es over the abilit<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> of<span class=\"_ gsec\"> </span>the Grou<span class=\"_ _0\"></span>p to <span class=\"_ _1\"></span>conti<span class=\"_ _0\"></span>nue as a going con<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>. Based up<span class=\"_ _0\"></span>on the availab<span class=\"_ _0\"></span>le informa<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>, the direc<span class=\"_ _0\"></span>tors co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>er that the Grou<span class=\"_ _0\"></span>p has the plans and resourc<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span> to <span class=\"_ _1\"></span>man<span class=\"_ _0\"></span>age its busi<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>s risks succ<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>sfull<span class=\"_ _0\"></span>y and that it remains fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>ciall<span class=\"_ _0\"></span>y stron<span class=\"_ _0\"></span>g and well diversi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Havin<span class=\"_ _0\"></span>g reasse<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>d the pr<span class=\"_ _0\"></span>inc<span class=\"_ _0\"></span>ipal ris<span class=\"_ _0\"></span>ks and un<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tai<span class=\"_ _0\"></span>nties (<span class=\"_ _0\"></span>both f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al and op<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>al) in lig<span class=\"_ _0\"></span>ht of the curr<span class=\"_ _0\"></span>ent ec<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>ic envir<span class=\"_ _0\"></span>onm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>, as deta<span class=\"_ _0\"></span>ile<span class=\"_ _0\"></span>d on pag<span class=\"_ _0\"></span>es 49 to <span class=\"_ _1\"></span>5<span class=\"_ _0\"></span>3, th<span class=\"_ _0\"></span>e direc<span class=\"_ _0\"></span>tors are c<span class=\"_ _0\"></span>onf<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>nt that the Gr<span class=\"_ _0\"></span>oup an<span class=\"_ _0\"></span>d Com<span class=\"_ _0\"></span>pany will have suf<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ien<span class=\"_ _0\"></span>t funds to con<span class=\"_ _0\"></span>tinu<span class=\"_ _0\"></span>e to meet its lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ties as the<span class=\"_ _0\"></span>y fall due for a per<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d of, <span class=\"_ _1\"></span>bu<span class=\"_ _0\"></span>t not limite<span class=\"_ _0\"></span>d to, 1<span class=\"_ _1\"></span>2 <span class=\"_ _1\"></span>mon<span class=\"_ _0\"></span>ths fro<span class=\"_ _0\"></span>m the date of approval of the fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial st<span class=\"_ _0\"></span>ateme<span class=\"_ _0\"></span>nts and the<span class=\"_ _0\"></span>refore have co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>d it appr<span class=\"_ _0\"></span>opr<span class=\"_ _0\"></span>iate to adopt the go<span class=\"_ _0\"></span>ing co<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>n basis of acc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ting wh<span class=\"_ _0\"></span>en pre<span class=\"_ _0\"></span>pari<span class=\"_ _0\"></span>ng the f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al statem<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGoingConcernExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-622": {
   "value": "(iii) <span class=\"_ _20\"> </span>New segmentat<span class=\"_ _0\"></span>ion basis a<span class=\"_ _0\"></span>nd rest<span class=\"_ _0\"></span>atement of fi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>form<span class=\"_ _0\"></span>ation<span class=\"_ _3b2\"> </span>At a Capit<span class=\"_ _0\"></span>al Mar<span class=\"_ _0\"></span>kets Event on 1<span class=\"_ _1\"></span>2 June 20<span class=\"_ _0\"></span>24<span class=\"_ _0\"></span>, the Grou<span class=\"_ _0\"></span>p set ou<span class=\"_ _0\"></span>t a refreshe<span class=\"_ _0\"></span>d str<span class=\"_ _0\"></span>ategy an<span class=\"_ _0\"></span>d set of fina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al targe<span class=\"_ _0\"></span>ts. A<span class=\"_ _0\"></span>s par<span class=\"_ _0\"></span>t of a new visio<span class=\"_ _0\"></span>n for<span class=\"_ gsec\"> </span>a<span class=\"_ gsec\"> </span>growin<span class=\"_ _0\"></span>g, si<span class=\"_ _0\"></span>mpl<span class=\"_ _0\"></span>er and be<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ter-<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>onn<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted busi<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>s, th<span class=\"_ _0\"></span>e Group has im<span class=\"_ _0\"></span>ple<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nted a revise<span class=\"_ _0\"></span>d busi<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>s mod<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>, incl<span class=\"_ _0\"></span>udin<span class=\"_ _0\"></span>g the:<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">creat<span class=\"_ _0\"></span>ion of a singl<span class=\"_ _0\"></span>e Asse<span class=\"_ _0\"></span>t Mana<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t divisi<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>, brin<span class=\"_ _0\"></span>gin<span class=\"_ _0\"></span>g Legal &amp; Ge<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>ral Invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt Mana<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t (LGIM) and Le<span class=\"_ _0\"></span>gal &amp; Ge<span class=\"_ _0\"></span>ner<span class=\"_ _0\"></span>al Cap<span class=\"_ _0\"></span>ital (LGC) </span>toget<span class=\"_ _0\"></span>her as a unif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d, gl<span class=\"_ _0\"></span>oba<span class=\"_ _0\"></span>l, pub<span class=\"_ _0\"></span>lic an<span class=\"_ _0\"></span>d private mar<span class=\"_ _0\"></span>kets asse<span class=\"_ _0\"></span>t manag<span class=\"_ _0\"></span>er<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">max<span class=\"_ _0\"></span>imis<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of the value of non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>rategi<span class=\"_ _0\"></span>c asset<span class=\"_ _0\"></span>s throu<span class=\"_ _0\"></span>gh a new Co<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>orate Inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nts uni<span class=\"_ _0\"></span>t.<span class=\"_ _3b2\"> </span></span>As a resul<span class=\"_ _0\"></span>t, th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p is now focuse<span class=\"_ _0\"></span>d on thre<span class=\"_ _0\"></span>e cor<span class=\"_ _0\"></span>e busin<span class=\"_ _0\"></span>ess div<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>, name<span class=\"_ _0\"></span>ly Ins<span class=\"_ _0\"></span>titu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal Retir<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>, Ass<span class=\"_ _0\"></span>et Mana<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t and Retai<span class=\"_ _0\"></span>l, with<span class=\"_ gsec\"> </span>a<span class=\"_ gsec\"> </span>s<span class=\"_ _0\"></span>hare<span class=\"_ _0\"></span>d sens<span class=\"_ _0\"></span>e of purpo<span class=\"_ _0\"></span>se and p<span class=\"_ _0\"></span>ower<span class=\"_ _0\"></span>fu<span class=\"_ _0\"></span>l syne<span class=\"_ _0\"></span>rgie<span class=\"_ _0\"></span>s. Th<span class=\"_ _0\"></span>e new divis<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>al orga<span class=\"_ _0\"></span>nisati<span class=\"_ _0\"></span>on has an imp<span class=\"_ _0\"></span>act o<span class=\"_ _0\"></span>n the rep<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e segm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s of the Group. Pr<span class=\"_ _0\"></span>evio<span class=\"_ _0\"></span>usl<span class=\"_ _0\"></span>y, <span class=\"_ _1\"></span>the Gro<span class=\"_ _0\"></span>up op<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>ted five re<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ble se<span class=\"_ _0\"></span>gme<span class=\"_ _0\"></span>nts<span class=\"_ _0\"></span>, co<span class=\"_ _0\"></span>mpr<span class=\"_ _0\"></span>isin<span class=\"_ _0\"></span>g Legal &amp; Ge<span class=\"_ _0\"></span>ner<span class=\"_ _0\"></span>al Retire<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt Inst<span class=\"_ _0\"></span>itu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal (LGRI)<span class=\"_ _0\"></span>, LGC, LGIM<span class=\"_ _0\"></span>, Insur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e and Reta<span class=\"_ _0\"></span>il Retire<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt. Fo<span class=\"_ _0\"></span>llowin<span class=\"_ _0\"></span>g the ann<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt, in lin<span class=\"_ _0\"></span>e with<span class=\"_ _0\"></span> the pr<span class=\"_ _0\"></span>inc<span class=\"_ _0\"></span>iple<span class=\"_ _0\"></span>s in IFR<span class=\"_ _0\"></span>S 8, \u2018O<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ratin<span class=\"_ _0\"></span>g Se<span class=\"_ _0\"></span>gm<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span>\u2019, <span class=\"_ _1\"></span>the Gro<span class=\"_ _0\"></span>up op<span class=\"_ _0\"></span>erat<span class=\"_ _0\"></span>ing and re<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ble se<span class=\"_ _0\"></span>gme<span class=\"_ _0\"></span>nts have be<span class=\"_ _0\"></span>en up<span class=\"_ _0\"></span>dated to the followin<span class=\"_ _0\"></span>g:<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">Insti<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>al Retire<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt, wh<span class=\"_ _0\"></span>ich co<span class=\"_ _0\"></span>ntin<span class=\"_ _0\"></span>ues to focus o<span class=\"_ _0\"></span>n world<span class=\"_ _0\"></span>wide pe<span class=\"_ _0\"></span>nsi<span class=\"_ _0\"></span>on ris<span class=\"_ _0\"></span>k transfer b<span class=\"_ _0\"></span>usin<span class=\"_ _0\"></span>ess op<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tun<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">Ass<span class=\"_ _0\"></span>et Man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt, th<span class=\"_ _0\"></span>e new co<span class=\"_ _0\"></span>mbin<span class=\"_ _0\"></span>ed inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt busi<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>s of the Group, c<span class=\"_ _0\"></span>omm<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ted to driv<span class=\"_ _0\"></span>ing grow<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h in publi<span class=\"_ _0\"></span>c market<span class=\"_ _0\"></span>s as well </span>as materia<span class=\"_ _0\"></span>lly sc<span class=\"_ _0\"></span>ale the Gr<span class=\"_ _0\"></span>oup\u2019s in<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>use an<span class=\"_ _0\"></span>d orig<span class=\"_ _0\"></span>inatio<span class=\"_ _0\"></span>n plat<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>m capa<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y in priva<span class=\"_ _0\"></span>te markets acr<span class=\"_ _0\"></span>oss Real E<span class=\"_ _0\"></span>state, Pr<span class=\"_ _0\"></span>ivate Cre<span class=\"_ _0\"></span>dit and<span class=\"_ _0\"></span> Infras<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>uct<span class=\"_ _0\"></span>ure, in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>ding th<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>gh an acc<span class=\"_ _0\"></span>ele<span class=\"_ _0\"></span>rated pr<span class=\"_ _0\"></span>ogr<span class=\"_ _0\"></span>amm<span class=\"_ _0\"></span>e of fund laun<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">Insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce, wh<span class=\"_ _0\"></span>ich pr<span class=\"_ _0\"></span>ima<span class=\"_ _0\"></span>ril<span class=\"_ _0\"></span>y repres<span class=\"_ _0\"></span>ents U<span class=\"_ _0\"></span>K protec<span class=\"_ _0\"></span>tion (<span class=\"_ _0\"></span>both gr<span class=\"_ _0\"></span>oup an<span class=\"_ _0\"></span>d retail<span class=\"_ _0\"></span>) and US reta<span class=\"_ _0\"></span>il protec<span class=\"_ _0\"></span>tion bu<span class=\"_ _0\"></span>sine<span class=\"_ _0\"></span>ss (U<span class=\"_ _0\"></span>S Insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce)<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">Retail Ret<span class=\"_ _0\"></span>irem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>, whic<span class=\"_ _0\"></span>h pri<span class=\"_ _0\"></span>mar<span class=\"_ _0\"></span>ily rep<span class=\"_ _0\"></span>rese<span class=\"_ _0\"></span>nts retai<span class=\"_ _0\"></span>l annui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y and drawdow<span class=\"_ _0\"></span>n prod<span class=\"_ _0\"></span>uct<span class=\"_ _0\"></span>s, wor<span class=\"_ _0\"></span>kp<span class=\"_ _0\"></span>lac<span class=\"_ _0\"></span>e saving<span class=\"_ _0\"></span>s and lifetim<span class=\"_ _0\"></span>e mor<span class=\"_ _3\"></span>tgage lo<span class=\"_ _0\"></span>ans<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">Co<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>orate Inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nts<span class=\"_ _0\"></span>, which re<span class=\"_ _0\"></span>pres<span class=\"_ _0\"></span>ents a po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>folio of non<span class=\"_ _3\"></span>-s<span class=\"_ _0\"></span>trateg<span class=\"_ _0\"></span>ic asse<span class=\"_ _0\"></span>ts manag<span class=\"_ _0\"></span>ed se<span class=\"_ _0\"></span>par<span class=\"_ _0\"></span>ately wit<span class=\"_ _0\"></span>h the goal of ma<span class=\"_ _0\"></span>ximis<span class=\"_ _0\"></span>ing sha<span class=\"_ _0\"></span>reh<span class=\"_ _0\"></span>old<span class=\"_ _0\"></span>er valu<span class=\"_ _0\"></span>e </span>ahea<span class=\"_ _0\"></span>d of potential dive<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Grou<span class=\"_ _0\"></span>p expe<span class=\"_ _0\"></span>nse<span class=\"_ _0\"></span>s, de<span class=\"_ _0\"></span>bt cos<span class=\"_ _0\"></span>ts and ass<span class=\"_ _0\"></span>ets hel<span class=\"_ _0\"></span>d cen<span class=\"_ _0\"></span>trall<span class=\"_ _0\"></span>y are repo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ted se<span class=\"_ _0\"></span>par<span class=\"_ _0\"></span>ately. T<span class=\"_ _4\"></span>ran<span class=\"_ _0\"></span>sac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en seg<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts are on no<span class=\"_ _0\"></span>rma<span class=\"_ _0\"></span>l com<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>rcial ter<span class=\"_ _0\"></span>ms and are inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>ed wi<span class=\"_ _0\"></span>thin th<span class=\"_ _0\"></span>e repo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ted se<span class=\"_ _0\"></span>gme<span class=\"_ _0\"></span>nts<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Se<span class=\"_ _0\"></span>gm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>al discl<span class=\"_ _0\"></span>osu<span class=\"_ _0\"></span>res in relati<span class=\"_ _0\"></span>on to the prio<span class=\"_ _0\"></span>r year pre<span class=\"_ _0\"></span>sente<span class=\"_ _0\"></span>d have bee<span class=\"_ _0\"></span>n restated to refl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t the new div<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>nal org<span class=\"_ _0\"></span>anis<span class=\"_ _0\"></span>ation<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>1. <span class=\"_ _15\"> </span> No<span class=\"_ _0\"></span>te 27 M<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t of c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>pi<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>l re<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>es i<span class=\"_ _0\"></span>s un<span class=\"_ _0\"></span>au<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfReclassificationsOrChangesInPresentationExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-624": {
   "value": "(iv<span class=\"_ _1\"></span>) <span class=\"_ _e\"> </span>New st<span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ds, i<span class=\"_ _0\"></span>nter<span class=\"_ _0\"></span>pret<span class=\"_ _0\"></span>ations a<span class=\"_ _0\"></span>nd a<span class=\"_ _0\"></span>mendments t<span class=\"_ _0\"></span>o publis<span class=\"_ _0\"></span>hed sta<span class=\"_ _0\"></span>nda<span class=\"_ _0\"></span>rd<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>at have been adopted by t<span class=\"_ _0\"></span>he Group<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Group ha<span class=\"_ _0\"></span>s appli<span class=\"_ _0\"></span>ed the foll<span class=\"_ _0\"></span>owing am<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>dme<span class=\"_ _0\"></span>nts for the f<span class=\"_ _0\"></span>irs<span class=\"_ _0\"></span>t time in the yea<span class=\"_ _0\"></span>r com<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>ng 1 Janu<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y 20<span class=\"_ _0\"></span>24<span class=\"_ _0\"></span>, which did n<span class=\"_ _0\"></span>ot have a material imp<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span> on its co<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>lidate<span class=\"_ _0\"></span>d fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial statem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s. \u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">Am<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>dme<span class=\"_ _0\"></span>nts to IA<span class=\"_ _0\"></span>S 1 \u2013 Presenta<span class=\"_ _0\"></span>tion of Fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial S<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts: \u2018Clas<span class=\"_ _0\"></span>sif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of Liabili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s as Curre<span class=\"_ _0\"></span>nt or No<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>urr<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>\u2019.<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">Am<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>dme<span class=\"_ _0\"></span>nts to IA<span class=\"_ _0\"></span>S 1 \u2013 Presenta<span class=\"_ _0\"></span>tion of Fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial S<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts: \u2018N<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>-<span class=\"_ _3\"></span>cur<span class=\"_ _0\"></span>rent L<span class=\"_ _0\"></span>iabi<span class=\"_ _0\"></span>liti<span class=\"_ _0\"></span>es with C<span class=\"_ _0\"></span>ovena<span class=\"_ _0\"></span>nts\u2019.<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">Am<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>dme<span class=\"_ _0\"></span>nts to IFRS 16 <span class=\"_ _1\"></span>\u2013 Lease<span class=\"_ _0\"></span>s: \u2018L<span class=\"_ _0\"></span>ease L<span class=\"_ _0\"></span>iabili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y in a Sal<span class=\"_ _0\"></span>e and Lease<span class=\"_ _0\"></span>ba<span class=\"_ _0\"></span>ck<span class=\"_ _0\"></span>\u2019.<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">Am<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>dme<span class=\"_ _0\"></span>nts to IA<span class=\"_ _0\"></span>S 7 \u2013 Statem<span class=\"_ _0\"></span>ent of Cas<span class=\"_ _0\"></span>h Flows and IF<span class=\"_ _0\"></span>RS 7 \u2013 Fina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al Inst<span class=\"_ _0\"></span>rum<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s: Disc<span class=\"_ _0\"></span>losu<span class=\"_ _0\"></span>res: \u2018<span class=\"_ _0\"></span>Su<span class=\"_ _0\"></span>ppli<span class=\"_ _0\"></span>er Fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>ce A<span class=\"_ _0\"></span>rra<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts\u2019.<span class=\"_ _3b2\"> </span></span>Th<span class=\"_ _0\"></span>e Group ha<span class=\"_ _0\"></span>s not earl<span class=\"_ _0\"></span>y adop<span class=\"_ _0\"></span>ted any stand<span class=\"_ _0\"></span>ard<span class=\"_ _0\"></span>, interp<span class=\"_ _0\"></span>retat<span class=\"_ _0\"></span>ion or am<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>dme<span class=\"_ _0\"></span>nt that has b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n issue<span class=\"_ _0\"></span>d but is not yet ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>tive<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfInitialApplicationOfStandardsOrInterpretations",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-666": {
   "value": "(iv<span class=\"_ _1\"></span>) <span class=\"_ _e\"> </span>New st<span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ds, i<span class=\"_ _0\"></span>nter<span class=\"_ _0\"></span>pret<span class=\"_ _0\"></span>ations a<span class=\"_ _0\"></span>nd a<span class=\"_ _0\"></span>mendments t<span class=\"_ _0\"></span>o publis<span class=\"_ _0\"></span>hed sta<span class=\"_ _0\"></span>nda<span class=\"_ _0\"></span>rd<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>at have been adopted by t<span class=\"_ _0\"></span>he Group<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Group ha<span class=\"_ _0\"></span>s appli<span class=\"_ _0\"></span>ed the foll<span class=\"_ _0\"></span>owing am<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>dme<span class=\"_ _0\"></span>nts for the f<span class=\"_ _0\"></span>irs<span class=\"_ _0\"></span>t time in the yea<span class=\"_ _0\"></span>r com<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>ng 1 Janu<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y 20<span class=\"_ _0\"></span>24<span class=\"_ _0\"></span>, which did n<span class=\"_ _0\"></span>ot have a material imp<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span> on its co<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>lidate<span class=\"_ _0\"></span>d fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial statem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s. \u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">Am<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>dme<span class=\"_ _0\"></span>nts to IA<span class=\"_ _0\"></span>S 1 \u2013 Presenta<span class=\"_ _0\"></span>tion of Fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial S<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts: \u2018Clas<span class=\"_ _0\"></span>sif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of Liabili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s as Curre<span class=\"_ _0\"></span>nt or No<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>urr<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>\u2019.<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">Am<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>dme<span class=\"_ _0\"></span>nts to IA<span class=\"_ _0\"></span>S 1 \u2013 Presenta<span class=\"_ _0\"></span>tion of Fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial S<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts: \u2018N<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>-<span class=\"_ _3\"></span>cur<span class=\"_ _0\"></span>rent L<span class=\"_ _0\"></span>iabi<span class=\"_ _0\"></span>liti<span class=\"_ _0\"></span>es with C<span class=\"_ _0\"></span>ovena<span class=\"_ _0\"></span>nts\u2019.<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">Am<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>dme<span class=\"_ _0\"></span>nts to IFRS 16 <span class=\"_ _1\"></span>\u2013 Lease<span class=\"_ _0\"></span>s: \u2018L<span class=\"_ _0\"></span>ease L<span class=\"_ _0\"></span>iabili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y in a Sal<span class=\"_ _0\"></span>e and Lease<span class=\"_ _0\"></span>ba<span class=\"_ _0\"></span>ck<span class=\"_ _0\"></span>\u2019.<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">Am<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>dme<span class=\"_ _0\"></span>nts to IA<span class=\"_ _0\"></span>S 7 \u2013 Statem<span class=\"_ _0\"></span>ent of Cas<span class=\"_ _0\"></span>h Flows and IF<span class=\"_ _0\"></span>RS 7 \u2013 Fina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al Inst<span class=\"_ _0\"></span>rum<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s: Disc<span class=\"_ _0\"></span>losu<span class=\"_ _0\"></span>res: \u2018<span class=\"_ _0\"></span>Su<span class=\"_ _0\"></span>ppli<span class=\"_ _0\"></span>er Fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>ce A<span class=\"_ _0\"></span>rra<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts\u2019.<span class=\"_ _3b2\"> </span></span>Th<span class=\"_ _0\"></span>e Group ha<span class=\"_ _0\"></span>s not earl<span class=\"_ _0\"></span>y adop<span class=\"_ _0\"></span>ted any stand<span class=\"_ _0\"></span>ard<span class=\"_ _0\"></span>, interp<span class=\"_ _0\"></span>retat<span class=\"_ _0\"></span>ion or am<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>dme<span class=\"_ _0\"></span>nt that has b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n issue<span class=\"_ _0\"></span>d but is not yet ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>tive<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>(<span class=\"_ _1\"></span>v<span class=\"_ _1\"></span>) <span class=\"_ _bd\"> </span>Stand<span class=\"_ _0\"></span>ard<span class=\"_ _0\"></span>s, i<span class=\"_ _0\"></span>nter<span class=\"_ _0\"></span>pret<span class=\"_ _0\"></span>ations a<span class=\"_ _0\"></span>nd amend<span class=\"_ _0\"></span>ments to publ<span class=\"_ _0\"></span>ished s<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>nda<span class=\"_ _0\"></span>rds wh<span class=\"_ _0\"></span>ich a<span class=\"_ _0\"></span>re not yet effect<span class=\"_ _0\"></span>ive A<span class=\"_ _0\"></span>mend<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ents t<span class=\"_ _0\"></span>o I<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>S <span class=\"ls45 ws100\">21<span class=\"_ _0\"></span></span>, \u2018<span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>he Ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>ts of C<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ges i<span class=\"_ _0\"></span>n Forei<span class=\"_ _0\"></span>gn E<span class=\"_ _0\"></span>xch<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ge R<span class=\"_ _0\"></span>ates<span class=\"_ _0\"></span>\u2019: \u2018Lack of E<span class=\"_ _0\"></span>xch<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>geab<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>\u2019<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>ese am<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts, is<span class=\"_ _0\"></span>sue<span class=\"_ _0\"></span>d in Augu<span class=\"_ _0\"></span>st 20<span class=\"_ _0\"></span>23<span class=\"_ _0\"></span>, spe<span class=\"_ _0\"></span>cif<span class=\"_ _3\"></span>y how an entit<span class=\"_ _0\"></span>y sho<span class=\"_ _0\"></span>uld ass<span class=\"_ _0\"></span>ess wh<span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span>er a cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cy is exchan<span class=\"_ _0\"></span>gea<span class=\"_ _0\"></span>ble an<span class=\"_ _0\"></span>d how it shou<span class=\"_ _0\"></span>ld deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>e a spot excha<span class=\"_ _0\"></span>nge rate whe<span class=\"_ _0\"></span>n exchan<span class=\"_ _0\"></span>gea<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y is lack<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>. The am<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>dme<span class=\"_ _0\"></span>nts are ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>tive for ann<span class=\"_ _0\"></span>ual rep<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>ting pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>ds be<span class=\"_ _0\"></span>ginn<span class=\"_ _0\"></span>ing on o<span class=\"_ _0\"></span>r af<span class=\"_ _0\"></span>ter<span class=\"_ gsec\"> </span>1 Janu<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y 20<span class=\"_ _0\"></span>25<span class=\"_ _0\"></span>. The<span class=\"_ _0\"></span>se ame<span class=\"_ _0\"></span>ndm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s are not expe<span class=\"_ _0\"></span>cted to give rise to a material im<span class=\"_ _0\"></span>pac<span class=\"_ _0\"></span>t on the Gro<span class=\"_ _0\"></span>up\u2019s cons<span class=\"_ _0\"></span>olid<span class=\"_ _0\"></span>ated fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial st<span class=\"_ _0\"></span>ateme<span class=\"_ _0\"></span>nts.<span class=\"_ _3b2\"> </span>A<span class=\"_ _0\"></span>mend<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ents t<span class=\"_ _0\"></span>o I<span class=\"_ _0\"></span>F<span class=\"_ _0\"></span>R<span class=\"_ _0\"></span>S <span class=\"ls1\">9<span class=\"_ _1\"></span><span class=\"ls18\">, \u2018Fi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>l I<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ments<span class=\"_ _0\"></span>\u2019 a<span class=\"_ _0\"></span>nd I<span class=\"_ _0\"></span>F<span class=\"_ _0\"></span>R<span class=\"_ _0\"></span>S <span class=\"ls1\">7<span class=\"_ _4\"></span><span class=\"ls18\">, \u2018<span class=\"_ _0\"></span>Fi<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>l I<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s: D<span class=\"_ _0\"></span>isclo<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s\u2019: \u2018<span class=\"_ _4\"></span>A<span class=\"_ _3\"></span>mend<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s to t<span class=\"_ _0\"></span>he Cl<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>icat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span> </span></span></span></span>and M<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>reme<span class=\"_ _0\"></span>nt of Fi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>l I<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>tr<span class=\"_ _3\"></span>ume<span class=\"_ _0\"></span>nts\u2019<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>ese am<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts, is<span class=\"_ _0\"></span>sue<span class=\"_ _0\"></span>d in May 2024<span class=\"_ _0\"></span>, provi<span class=\"_ _0\"></span>de the foll<span class=\"_ _0\"></span>owing:<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">clar<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ation aro<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>d the date of recog<span class=\"_ _0\"></span>niti<span class=\"_ _0\"></span>on an<span class=\"_ _0\"></span>d dere<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>tion of som<span class=\"_ _0\"></span>e fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial ass<span class=\"_ _0\"></span>ets and lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>, with a new exce<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>n for som<span class=\"_ _0\"></span>e fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial </span>liabi<span class=\"_ _0\"></span>litie<span class=\"_ _0\"></span>s set<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>hrou<span class=\"_ _0\"></span>gh an e<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>ctro<span class=\"_ _0\"></span>nic c<span class=\"_ _0\"></span>ash tr<span class=\"_ _0\"></span>ansfer s<span class=\"_ _0\"></span>ystem<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">clar<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ation a<span class=\"_ _0\"></span>nd gu<span class=\"_ _0\"></span>idan<span class=\"_ _0\"></span>ce fo<span class=\"_ _0\"></span>r asses<span class=\"_ _0\"></span>sin<span class=\"_ _0\"></span>g whet<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r a fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>ial as<span class=\"_ _0\"></span>set m<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>ts the s<span class=\"_ _0\"></span>ole<span class=\"_ _0\"></span>ly pay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts of pr<span class=\"_ _0\"></span>inci<span class=\"_ _0\"></span>pal an<span class=\"_ _0\"></span>d intere<span class=\"_ _0\"></span>st (SP<span class=\"_ _0\"></span>PI) c<span class=\"_ _0\"></span>rite<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>n </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">new dis<span class=\"_ _0\"></span>clo<span class=\"_ _0\"></span>sure re<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>rem<span class=\"_ _0\"></span>ents for c<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>tain in<span class=\"_ _0\"></span>str<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ents wi<span class=\"_ _0\"></span>th c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>ual ter<span class=\"_ _0\"></span>ms that c<span class=\"_ _0\"></span>an c<span class=\"_ _0\"></span>han<span class=\"_ _0\"></span>ge c<span class=\"_ _0\"></span>ash f<span class=\"_ _0\"></span>lows (such as s<span class=\"_ _0\"></span>ome f<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial ins<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nts<span class=\"_ _0\"></span> </span>with featu<span class=\"_ _0\"></span>res linked to the ach<span class=\"_ _0\"></span>ieve<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t of environ<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt, so<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>l and gover<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>ce tar<span class=\"_ _0\"></span>gets)<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">an upd<span class=\"_ _0\"></span>ate t<span class=\"_ _1\"></span>o the disc<span class=\"_ _0\"></span>los<span class=\"_ _0\"></span>ures for eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y ins<span class=\"_ _0\"></span>tru<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts des<span class=\"_ _0\"></span>ignate<span class=\"_ _0\"></span>d at fair value thro<span class=\"_ _0\"></span>ugh oth<span class=\"_ _0\"></span>er co<span class=\"_ _0\"></span>mpre<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>nsive in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me (F<span class=\"_ _3\"></span>VOC<span class=\"_ _0\"></span>I).<span class=\"_ _3b2\"> </span></span>Th<span class=\"_ _0\"></span>e amen<span class=\"_ _0\"></span>dm<span class=\"_ _0\"></span>ents are ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>tive for ann<span class=\"_ _0\"></span>ual rep<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>ting pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>ds be<span class=\"_ _0\"></span>gin<span class=\"_ _0\"></span>ning on o<span class=\"_ _0\"></span>r after 1 Jan<span class=\"_ _0\"></span>uar<span class=\"_ _3\"></span>y 2026<span class=\"_ _0\"></span>, subje<span class=\"_ _0\"></span>ct to UK en<span class=\"_ _0\"></span>dor<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t.<span class=\"_ _0\"></span> Th<span class=\"_ _0\"></span>ese<span class=\"_ gsec\"> </span>am<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>dme<span class=\"_ _0\"></span>nts are not exp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>cted to give rise to a material imp<span class=\"_ _0\"></span>act o<span class=\"_ _0\"></span>n the Grou<span class=\"_ _0\"></span>p\u2019s conso<span class=\"_ _0\"></span>lidate<span class=\"_ _0\"></span>d fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial statem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s.<span class=\"_ _3b2\"> </span>A<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>nua<span class=\"_ _0\"></span>l I<span class=\"_ _0\"></span>mpr<span class=\"_ _0\"></span>ovement<span class=\"_ _0\"></span>s to I<span class=\"_ _0\"></span>F<span class=\"_ _0\"></span>R<span class=\"_ _0\"></span>S A<span class=\"_ _0\"></span>ccou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g Sta<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>rds<span class=\"_ _0\"></span>\u2014<span class=\"_ _1\"></span>V<span class=\"_ _4\"></span>olu<span class=\"_ _0\"></span>me <span class=\"ls30 ws9\">11<span class=\"_ _3b2\"> </span></span>Th<span class=\"_ _0\"></span>e IA<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>B\u2019s issu<span class=\"_ _0\"></span>ed its an<span class=\"_ _0\"></span>nual im<span class=\"_ _0\"></span>prove<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts in July 20<span class=\"_ _0\"></span>24<span class=\"_ _0\"></span>, whic<span class=\"_ _0\"></span>h incl<span class=\"_ _0\"></span>ude a co<span class=\"_ _0\"></span>lle<span class=\"_ _0\"></span>ctio<span class=\"_ _0\"></span>n of minor am<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>dme<span class=\"_ _0\"></span>nts to acc<span class=\"_ _0\"></span>ount<span class=\"_ _0\"></span>ing sta<span class=\"_ _0\"></span>nda<span class=\"_ _0\"></span>rds. T<span class=\"_ _0\"></span>hes<span class=\"_ _0\"></span>e are appl<span class=\"_ _0\"></span>ica<span class=\"_ _0\"></span>ble for ann<span class=\"_ _0\"></span>ual rep<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>ting pe<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ods be<span class=\"_ _0\"></span>gin<span class=\"_ _0\"></span>ning o<span class=\"_ _0\"></span>n or afte<span class=\"_ _0\"></span>r 1 Januar<span class=\"_ _3\"></span>y 2026<span class=\"_ _0\"></span>. I<span class=\"_ _0\"></span>F<span class=\"_ _0\"></span>R<span class=\"_ _0\"></span>S <span class=\"lsd9 ws11a\">18</span><span class=\"ws0\">, \u2018P<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ation a<span class=\"_ _0\"></span>nd D<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>closu<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e i<span class=\"_ _0\"></span>n Fi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>l St<span class=\"_ _0\"></span>atem<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span>\u2019<span class=\"_ _3b2\"> </span></span>IFR<span class=\"_ _0\"></span>S 1<span class=\"_ _1\"></span>8, iss<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span>d in Apr<span class=\"_ _0\"></span>il 20<span class=\"_ _0\"></span>24, will re<span class=\"_ _0\"></span>plac<span class=\"_ _0\"></span>e IA<span class=\"_ _0\"></span>S 1<span class=\"_ _1\"></span>, \u2018P<span class=\"_ _0\"></span>rese<span class=\"_ _0\"></span>ntati<span class=\"_ _0\"></span>on of Fina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al S<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>. IFRS 18 introdu<span class=\"_ _0\"></span>ces ne<span class=\"_ _0\"></span>w requi<span class=\"_ _0\"></span>rem<span class=\"_ _0\"></span>ents for pre<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>tatio<span class=\"_ _0\"></span>n withi<span class=\"_ _0\"></span>n the state<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t of profit or l<span class=\"_ _0\"></span>oss<span class=\"_ _0\"></span>, incl<span class=\"_ _0\"></span>udi<span class=\"_ _0\"></span>ng spe<span class=\"_ _0\"></span>cif<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ed totals and sub<span class=\"_ _0\"></span>totals, whi<span class=\"_ _0\"></span>ch aim at inc<span class=\"_ _0\"></span>reasi<span class=\"_ _0\"></span>ng co<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>rabi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y of the fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>man<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span> of similar e<span class=\"_ _0\"></span>ntiti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, as well as provide mo<span class=\"_ _0\"></span>re rele<span class=\"_ _0\"></span>vant infor<span class=\"_ _0\"></span>matio<span class=\"_ _0\"></span>n and tra<span class=\"_ _0\"></span>nspa<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cy to users<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e stand<span class=\"_ _0\"></span>ard is ef<span class=\"_ _0\"></span>fect<span class=\"_ _0\"></span>ive for repo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>ds be<span class=\"_ _0\"></span>ginn<span class=\"_ _0\"></span>ing on o<span class=\"_ _0\"></span>r after 1 Jan<span class=\"_ _0\"></span>uar<span class=\"_ _0\"></span>y 2<span class=\"_ _0\"></span>027<span class=\"_ _1\"></span>, with earli<span class=\"_ _0\"></span>er app<span class=\"_ _0\"></span>lic<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n per<span class=\"_ _0\"></span>mit<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d, sub<span class=\"_ _0\"></span>jec<span class=\"_ _0\"></span>t to UK end<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>sem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p is curre<span class=\"_ _0\"></span>ntly as<span class=\"_ _0\"></span>sess<span class=\"_ _0\"></span>ing the im<span class=\"_ _0\"></span>pac<span class=\"_ _0\"></span>ts of the ame<span class=\"_ _0\"></span>ndm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s on the co<span class=\"_ _0\"></span>nsol<span class=\"_ _0\"></span>idated an<span class=\"_ _0\"></span>d Com<span class=\"_ _0\"></span>pany f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l statem<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>I<span class=\"_ _0\"></span>F<span class=\"_ _0\"></span>R<span class=\"_ _0\"></span>S <span class=\"lsb7 ws124\">19<span class=\"_ _1\"></span><span class=\"ls18 ws0\">, \u2018Sub<span class=\"_ _0\"></span>sid<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>hout P<span class=\"_ _0\"></span>ubl<span class=\"_ _0\"></span>ic Ac<span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>abi<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>: Di<span class=\"_ _0\"></span>sclo<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s\u2019<span class=\"_ _3b2\"> </span></span></span>IFR<span class=\"_ _0\"></span>S 1<span class=\"_ _1\"></span>9, issued in May 20<span class=\"_ _0\"></span>24<span class=\"_ _0\"></span>, allows for cer<span class=\"_ _3\"></span>tain elig<span class=\"_ _0\"></span>ibl<span class=\"_ _0\"></span>e subsid<span class=\"_ _0\"></span>iar<span class=\"_ _0\"></span>ies of paren<span class=\"_ _0\"></span>t entit<span class=\"_ _0\"></span>ies that re<span class=\"_ _0\"></span>por<span class=\"_ _3\"></span>t unde<span class=\"_ _0\"></span>r IFR<span class=\"_ _0\"></span>S Acc<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nting S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>ards to apply<span class=\"_ _0\"></span> redu<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>d discl<span class=\"_ _0\"></span>osu<span class=\"_ _0\"></span>re requi<span class=\"_ _0\"></span>rem<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span>. IF<span class=\"_ _0\"></span>RS 1<span class=\"_ _1\"></span>9 is effec<span class=\"_ _0\"></span>tive for rep<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ing pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>ds be<span class=\"_ _0\"></span>gin<span class=\"_ _0\"></span>ning o<span class=\"_ _0\"></span>n or afte<span class=\"_ _0\"></span>r 1 Januar<span class=\"_ _3\"></span>y 2027<span class=\"_ _1\"></span>, with earl<span class=\"_ _0\"></span>y appli<span class=\"_ _0\"></span>cati<span class=\"_ _0\"></span>on pe<span class=\"_ _0\"></span>rmi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ted<span class=\"_ _0\"></span>, subje<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t to <span class=\"_ _1\"></span>UK e<span class=\"_ _0\"></span>ndo<span class=\"_ _0\"></span>rse<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt. T<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up is not elig<span class=\"_ _0\"></span>ible to appl<span class=\"_ _0\"></span>y IFR<span class=\"_ _0\"></span>S 1<span class=\"_ _1\"></span>9.<span class=\"_ _3b2\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-625": {
   "value": "(<span class=\"_ _1\"></span>v<span class=\"_ _1\"></span>) <span class=\"_ _bd\"> </span>Stand<span class=\"_ _0\"></span>ard<span class=\"_ _0\"></span>s, i<span class=\"_ _0\"></span>nter<span class=\"_ _0\"></span>pret<span class=\"_ _0\"></span>ations a<span class=\"_ _0\"></span>nd amend<span class=\"_ _0\"></span>ments to publ<span class=\"_ _0\"></span>ished s<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>nda<span class=\"_ _0\"></span>rds wh<span class=\"_ _0\"></span>ich a<span class=\"_ _0\"></span>re not yet effect<span class=\"_ _0\"></span>ive A<span class=\"_ _0\"></span>mend<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ents t<span class=\"_ _0\"></span>o I<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>S <span class=\"ls45 ws100\">21<span class=\"_ _0\"></span></span>, \u2018<span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>he Ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>ts of C<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ges i<span class=\"_ _0\"></span>n Forei<span class=\"_ _0\"></span>gn E<span class=\"_ _0\"></span>xch<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ge R<span class=\"_ _0\"></span>ates<span class=\"_ _0\"></span>\u2019: \u2018Lack of E<span class=\"_ _0\"></span>xch<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>geab<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>\u2019<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>ese am<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts, is<span class=\"_ _0\"></span>sue<span class=\"_ _0\"></span>d in Augu<span class=\"_ _0\"></span>st 20<span class=\"_ _0\"></span>23<span class=\"_ _0\"></span>, spe<span class=\"_ _0\"></span>cif<span class=\"_ _3\"></span>y how an entit<span class=\"_ _0\"></span>y sho<span class=\"_ _0\"></span>uld ass<span class=\"_ _0\"></span>ess wh<span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span>er a cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cy is exchan<span class=\"_ _0\"></span>gea<span class=\"_ _0\"></span>ble an<span class=\"_ _0\"></span>d how it shou<span class=\"_ _0\"></span>ld deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>e a spot excha<span class=\"_ _0\"></span>nge rate whe<span class=\"_ _0\"></span>n exchan<span class=\"_ _0\"></span>gea<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y is lack<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>. The am<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>dme<span class=\"_ _0\"></span>nts are ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>tive for ann<span class=\"_ _0\"></span>ual rep<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>ting pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>ds be<span class=\"_ _0\"></span>ginn<span class=\"_ _0\"></span>ing on o<span class=\"_ _0\"></span>r af<span class=\"_ _0\"></span>ter<span class=\"_ gsec\"> </span>1 Janu<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y 20<span class=\"_ _0\"></span>25<span class=\"_ _0\"></span>. The<span class=\"_ _0\"></span>se ame<span class=\"_ _0\"></span>ndm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s are not expe<span class=\"_ _0\"></span>cted to give rise to a material im<span class=\"_ _0\"></span>pac<span class=\"_ _0\"></span>t on the Gro<span class=\"_ _0\"></span>up\u2019s cons<span class=\"_ _0\"></span>olid<span class=\"_ _0\"></span>ated fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial st<span class=\"_ _0\"></span>ateme<span class=\"_ _0\"></span>nts.<span class=\"_ _3b2\"> </span>A<span class=\"_ _0\"></span>mend<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ents t<span class=\"_ _0\"></span>o I<span class=\"_ _0\"></span>F<span class=\"_ _0\"></span>R<span class=\"_ _0\"></span>S <span class=\"ls1\">9<span class=\"_ _1\"></span><span class=\"ls18\">, \u2018Fi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>l I<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ments<span class=\"_ _0\"></span>\u2019 a<span class=\"_ _0\"></span>nd I<span class=\"_ _0\"></span>F<span class=\"_ _0\"></span>R<span class=\"_ _0\"></span>S <span class=\"ls1\">7<span class=\"_ _4\"></span><span class=\"ls18\">, \u2018<span class=\"_ _0\"></span>Fi<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>l I<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s: D<span class=\"_ _0\"></span>isclo<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s\u2019: \u2018<span class=\"_ _4\"></span>A<span class=\"_ _3\"></span>mend<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s to t<span class=\"_ _0\"></span>he Cl<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>icat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span> </span></span></span></span>and M<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>reme<span class=\"_ _0\"></span>nt of Fi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>l I<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>tr<span class=\"_ _3\"></span>ume<span class=\"_ _0\"></span>nts\u2019<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>ese am<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts, is<span class=\"_ _0\"></span>sue<span class=\"_ _0\"></span>d in May 2024<span class=\"_ _0\"></span>, provi<span class=\"_ _0\"></span>de the foll<span class=\"_ _0\"></span>owing:<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">clar<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ation aro<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>d the date of recog<span class=\"_ _0\"></span>niti<span class=\"_ _0\"></span>on an<span class=\"_ _0\"></span>d dere<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>tion of som<span class=\"_ _0\"></span>e fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial ass<span class=\"_ _0\"></span>ets and lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>, with a new exce<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>n for som<span class=\"_ _0\"></span>e fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial </span>liabi<span class=\"_ _0\"></span>litie<span class=\"_ _0\"></span>s set<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>hrou<span class=\"_ _0\"></span>gh an e<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>ctro<span class=\"_ _0\"></span>nic c<span class=\"_ _0\"></span>ash tr<span class=\"_ _0\"></span>ansfer s<span class=\"_ _0\"></span>ystem<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">clar<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ation a<span class=\"_ _0\"></span>nd gu<span class=\"_ _0\"></span>idan<span class=\"_ _0\"></span>ce fo<span class=\"_ _0\"></span>r asses<span class=\"_ _0\"></span>sin<span class=\"_ _0\"></span>g whet<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r a fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>ial as<span class=\"_ _0\"></span>set m<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>ts the s<span class=\"_ _0\"></span>ole<span class=\"_ _0\"></span>ly pay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts of pr<span class=\"_ _0\"></span>inci<span class=\"_ _0\"></span>pal an<span class=\"_ _0\"></span>d intere<span class=\"_ _0\"></span>st (SP<span class=\"_ _0\"></span>PI) c<span class=\"_ _0\"></span>rite<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>n </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">new dis<span class=\"_ _0\"></span>clo<span class=\"_ _0\"></span>sure re<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>rem<span class=\"_ _0\"></span>ents for c<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>tain in<span class=\"_ _0\"></span>str<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ents wi<span class=\"_ _0\"></span>th c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>ual ter<span class=\"_ _0\"></span>ms that c<span class=\"_ _0\"></span>an c<span class=\"_ _0\"></span>han<span class=\"_ _0\"></span>ge c<span class=\"_ _0\"></span>ash f<span class=\"_ _0\"></span>lows (such as s<span class=\"_ _0\"></span>ome f<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial ins<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nts<span class=\"_ _0\"></span> </span>with featu<span class=\"_ _0\"></span>res linked to the ach<span class=\"_ _0\"></span>ieve<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t of environ<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt, so<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>l and gover<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>ce tar<span class=\"_ _0\"></span>gets)<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">an upd<span class=\"_ _0\"></span>ate t<span class=\"_ _1\"></span>o the disc<span class=\"_ _0\"></span>los<span class=\"_ _0\"></span>ures for eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y ins<span class=\"_ _0\"></span>tru<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts des<span class=\"_ _0\"></span>ignate<span class=\"_ _0\"></span>d at fair value thro<span class=\"_ _0\"></span>ugh oth<span class=\"_ _0\"></span>er co<span class=\"_ _0\"></span>mpre<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>nsive in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me (F<span class=\"_ _3\"></span>VOC<span class=\"_ _0\"></span>I).<span class=\"_ _3b2\"> </span></span>Th<span class=\"_ _0\"></span>e amen<span class=\"_ _0\"></span>dm<span class=\"_ _0\"></span>ents are ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>tive for ann<span class=\"_ _0\"></span>ual rep<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>ting pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>ds be<span class=\"_ _0\"></span>gin<span class=\"_ _0\"></span>ning on o<span class=\"_ _0\"></span>r after 1 Jan<span class=\"_ _0\"></span>uar<span class=\"_ _3\"></span>y 2026<span class=\"_ _0\"></span>, subje<span class=\"_ _0\"></span>ct to UK en<span class=\"_ _0\"></span>dor<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t.<span class=\"_ _0\"></span> Th<span class=\"_ _0\"></span>ese<span class=\"_ gsec\"> </span>am<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>dme<span class=\"_ _0\"></span>nts are not exp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>cted to give rise to a material imp<span class=\"_ _0\"></span>act o<span class=\"_ _0\"></span>n the Grou<span class=\"_ _0\"></span>p\u2019s conso<span class=\"_ _0\"></span>lidate<span class=\"_ _0\"></span>d fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial statem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s.<span class=\"_ _3b2\"> </span>A<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>nua<span class=\"_ _0\"></span>l I<span class=\"_ _0\"></span>mpr<span class=\"_ _0\"></span>ovement<span class=\"_ _0\"></span>s to I<span class=\"_ _0\"></span>F<span class=\"_ _0\"></span>R<span class=\"_ _0\"></span>S A<span class=\"_ _0\"></span>ccou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g Sta<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>rds<span class=\"_ _0\"></span>\u2014<span class=\"_ _1\"></span>V<span class=\"_ _4\"></span>olu<span class=\"_ _0\"></span>me <span class=\"ls30 ws9\">11<span class=\"_ _3b2\"> </span></span>Th<span class=\"_ _0\"></span>e IA<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>B\u2019s issu<span class=\"_ _0\"></span>ed its an<span class=\"_ _0\"></span>nual im<span class=\"_ _0\"></span>prove<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts in July 20<span class=\"_ _0\"></span>24<span class=\"_ _0\"></span>, whic<span class=\"_ _0\"></span>h incl<span class=\"_ _0\"></span>ude a co<span class=\"_ _0\"></span>lle<span class=\"_ _0\"></span>ctio<span class=\"_ _0\"></span>n of minor am<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>dme<span class=\"_ _0\"></span>nts to acc<span class=\"_ _0\"></span>ount<span class=\"_ _0\"></span>ing sta<span class=\"_ _0\"></span>nda<span class=\"_ _0\"></span>rds. T<span class=\"_ _0\"></span>hes<span class=\"_ _0\"></span>e are appl<span class=\"_ _0\"></span>ica<span class=\"_ _0\"></span>ble for ann<span class=\"_ _0\"></span>ual rep<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>ting pe<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ods be<span class=\"_ _0\"></span>gin<span class=\"_ _0\"></span>ning o<span class=\"_ _0\"></span>n or afte<span class=\"_ _0\"></span>r 1 Januar<span class=\"_ _3\"></span>y 2026<span class=\"_ _0\"></span>. I<span class=\"_ _0\"></span>F<span class=\"_ _0\"></span>R<span class=\"_ _0\"></span>S <span class=\"lsd9 ws11a\">18</span><span class=\"ws0\">, \u2018P<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ation a<span class=\"_ _0\"></span>nd D<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>closu<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e i<span class=\"_ _0\"></span>n Fi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>l St<span class=\"_ _0\"></span>atem<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span>\u2019<span class=\"_ _3b2\"> </span></span>IFR<span class=\"_ _0\"></span>S 1<span class=\"_ _1\"></span>8, iss<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span>d in Apr<span class=\"_ _0\"></span>il 20<span class=\"_ _0\"></span>24, will re<span class=\"_ _0\"></span>plac<span class=\"_ _0\"></span>e IA<span class=\"_ _0\"></span>S 1<span class=\"_ _1\"></span>, \u2018P<span class=\"_ _0\"></span>rese<span class=\"_ _0\"></span>ntati<span class=\"_ _0\"></span>on of Fina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al S<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>. IFRS 18 introdu<span class=\"_ _0\"></span>ces ne<span class=\"_ _0\"></span>w requi<span class=\"_ _0\"></span>rem<span class=\"_ _0\"></span>ents for pre<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>tatio<span class=\"_ _0\"></span>n withi<span class=\"_ _0\"></span>n the state<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t of profit or l<span class=\"_ _0\"></span>oss<span class=\"_ _0\"></span>, incl<span class=\"_ _0\"></span>udi<span class=\"_ _0\"></span>ng spe<span class=\"_ _0\"></span>cif<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ed totals and sub<span class=\"_ _0\"></span>totals, whi<span class=\"_ _0\"></span>ch aim at inc<span class=\"_ _0\"></span>reasi<span class=\"_ _0\"></span>ng co<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>rabi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y of the fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>man<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span> of similar e<span class=\"_ _0\"></span>ntiti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, as well as provide mo<span class=\"_ _0\"></span>re rele<span class=\"_ _0\"></span>vant infor<span class=\"_ _0\"></span>matio<span class=\"_ _0\"></span>n and tra<span class=\"_ _0\"></span>nspa<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cy to users<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e stand<span class=\"_ _0\"></span>ard is ef<span class=\"_ _0\"></span>fect<span class=\"_ _0\"></span>ive for repo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>ds be<span class=\"_ _0\"></span>ginn<span class=\"_ _0\"></span>ing on o<span class=\"_ _0\"></span>r after 1 Jan<span class=\"_ _0\"></span>uar<span class=\"_ _0\"></span>y 2<span class=\"_ _0\"></span>027<span class=\"_ _1\"></span>, with earli<span class=\"_ _0\"></span>er app<span class=\"_ _0\"></span>lic<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n per<span class=\"_ _0\"></span>mit<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d, sub<span class=\"_ _0\"></span>jec<span class=\"_ _0\"></span>t to UK end<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>sem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p is curre<span class=\"_ _0\"></span>ntly as<span class=\"_ _0\"></span>sess<span class=\"_ _0\"></span>ing the im<span class=\"_ _0\"></span>pac<span class=\"_ _0\"></span>ts of the ame<span class=\"_ _0\"></span>ndm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s on the co<span class=\"_ _0\"></span>nsol<span class=\"_ _0\"></span>idated an<span class=\"_ _0\"></span>d Com<span class=\"_ _0\"></span>pany f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l statem<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>I<span class=\"_ _0\"></span>F<span class=\"_ _0\"></span>R<span class=\"_ _0\"></span>S <span class=\"lsb7 ws124\">19<span class=\"_ _1\"></span><span class=\"ls18 ws0\">, \u2018Sub<span class=\"_ _0\"></span>sid<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>hout P<span class=\"_ _0\"></span>ubl<span class=\"_ _0\"></span>ic Ac<span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>abi<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>: Di<span class=\"_ _0\"></span>sclo<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s\u2019<span class=\"_ _3b2\"> </span></span></span>IFR<span class=\"_ _0\"></span>S 1<span class=\"_ _1\"></span>9, issued in May 20<span class=\"_ _0\"></span>24<span class=\"_ _0\"></span>, allows for cer<span class=\"_ _3\"></span>tain elig<span class=\"_ _0\"></span>ibl<span class=\"_ _0\"></span>e subsid<span class=\"_ _0\"></span>iar<span class=\"_ _0\"></span>ies of paren<span class=\"_ _0\"></span>t entit<span class=\"_ _0\"></span>ies that re<span class=\"_ _0\"></span>por<span class=\"_ _3\"></span>t unde<span class=\"_ _0\"></span>r IFR<span class=\"_ _0\"></span>S Acc<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nting S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>ards to apply<span class=\"_ _0\"></span> redu<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>d discl<span class=\"_ _0\"></span>osu<span class=\"_ _0\"></span>re requi<span class=\"_ _0\"></span>rem<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span>. IF<span class=\"_ _0\"></span>RS 1<span class=\"_ _1\"></span>9 is effec<span class=\"_ _0\"></span>tive for rep<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ing pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>ds be<span class=\"_ _0\"></span>gin<span class=\"_ _0\"></span>ning o<span class=\"_ _0\"></span>n or afte<span class=\"_ _0\"></span>r 1 Januar<span class=\"_ _3\"></span>y 2027<span class=\"_ _1\"></span>, with earl<span class=\"_ _0\"></span>y appli<span class=\"_ _0\"></span>cati<span class=\"_ _0\"></span>on pe<span class=\"_ _0\"></span>rmi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ted<span class=\"_ _0\"></span>, subje<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t to <span class=\"_ _1\"></span>UK e<span class=\"_ _0\"></span>ndo<span class=\"_ _0\"></span>rse<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt. T<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up is not elig<span class=\"_ _0\"></span>ible to appl<span class=\"_ _0\"></span>y IFR<span class=\"_ _0\"></span>S 1<span class=\"_ _1\"></span>9.<span class=\"_ _3b2\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfExpectedImpactOfInitialApplicationOfNewStandardsOrInterpretations",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-667": {
   "value": "(vi)  Critical accounting judgements and the use of estimates The preparation of the financial statements includes the use of estimates and assumptions which affect items reported in the Consolidated Balance Sheet and Consolidated Income Statement and the disclosure of contingent assets and liabilities at the date of the financial statements. Although these estimates are based on management\u2019s best knowledge of current circumstances and future events and actions, material adjustments could be made to the carrying amounts of assets and liabilities within the next financial year. The Audit Committee reviews the reasonableness of judgements associated with and the application of material accounting policies. The significant accounting matters considered by the Audit Committee in respect of the year ended 31 December 2024 are included within the Audit Committee Report on page 74. The major areas of critical accounting judgement on policy application are considered below: Insurance and investment contract liabilities (Notes 21 and 22): Product classification and the assessment of the significance of insurance risk transferred to the Group in determining whether a contract should be accounted for as an insurance or investment contract Contracts which transfer significant insurance risk to the Group are classified as insurance contracts. Contracts that transfer financial risk (e.g. change in interest rate or security price) to the Group but not significant insurance risk are classified as investment contracts. Judgement is required in order to assess the significance of the transfer of insurance risk within a contract. This assessment is based on whether the occurrence of an insured event could cause the Group to make significant additional payments, i.e. if the occurrence of the event causes significantly higher cash out flows for the Group than its non-occurrence. Certain contracts, which are both insurance and investment, can contain discretionary features representing the contractual right to receive additional benefits as a supplement to guaranteed benefits under certain conditions, being: \u2022  that the additional benefits are a significant portion of the total contractual benefits \u2022  the timing and amount of the additional benefits is at the discretion of the Group \u2022  that the additional benefits are contractually dependent upon the performance of an entity, fund or specified pool of assets. Insurance contracts and investment contracts with such discretionary participation features are accounted for under IFRS 17, while investment contracts without discretionary participation features are accounted for as financial instruments under IFRS 9. Judgement is therefore required in order to establish whether any additional benefits in an insurance or investment contract meet the above requirements for being considered discretionary participation features. Consolidation (Notes 40-42): Assessment of whether the Group controls underlying entities and should therefore consolidate them. The assessment takes account of various criteria, including decision making ability, equity holding and the rights to a variable return from the entity. Control arises when the Group is exposed, or has rights, to variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity. For operating entities this generally accompanies a shareholding of 50% or more in the entity. Subsidiaries that are consolidated where the Group owns less than 50% of the ordinary share capital (structured entities), are consolidated based on an assessment of control normally arising from special rights attaching to the class of share owned, other contractual arrangements and factors such as the purpose of the investee, the nature of its relevant activities, voting rights (including potential voting rights) and substantive and protective rights. The Group invests in various fund and unit trust entities where it also acts as the asset manager to those entities. In these instances, in determining whether the Group controls the entities, the assessment focuses on the aggregate economic interests of the Group (direct interest and expected management fees) and on whether the Group acts as a principal or agent. This includes an assessment of the removal rights of other investors (their practical ability to allow the Group not to control the fund). Additionally, holdings in such investments can fluctuate on a daily basis according to the participation of the Group and other investors in them. As a result, in determining control, we look at an assessment of these factors over a longer period to mitigate the impact of daily fluctuations which do not reflect the wider facts and circumstances of the Group\u2019s involvement. This is performed in line with the following principles: \u2022  where the entity is managed by a Group asset manager, and the Group\u2019s ownership holding in the entity exceeds 50%, the Group is judged to have control over the entity \u2022  where the entity is managed by a Group asset manager, and the Group\u2019s ownership holding in the entity is between 30% and 50%, the facts and circumstances of the Group\u2019s involvement in the entity are considered, including the rights to any fees earned by the asset manager from the entity, in forming a judgement as to whether the Group has control over the entity \u2022  where the entity is managed by a Group asset manager, and the Group\u2019s ownership holding in the entity is less than 30%, the Group is judged to not have control over the entity, but again the facts and circumstances of the Group\u2019s involvement in the entity are considered. The following sets out information about the critical accounting assumptions made by the Group about the future, and other major sources of estimation uncertainty at the end of the reporting period, that have a significant risk of resulting in a material adjustment to the carrying amounts of assets and liabilities within the next financial year: Valuation of insurance contract liabilities (Notes 19-21) The key judgements around the valuation of insurance contract liabilities relate to the following assumptions: \u2022  determination of the longevity, mortality and morbidity assumptions used in the calculation of the insurance contract liabilities; the assumptions for the rate of future longevity, mortality and morbidity are based on the Group\u2019s internal experience and judgements about how experience may vary in the future. This assessment takes into account market benchmarking, internal experience studies and independent industry data. The long-term assumptions are adjusted to reflect the Group\u2019s view on the effects of the Covid-19 pandemic on claims experience in the medium to long-term, informed by emerging experience and industry studies \u2022  determination of the directly attributable expense assumptions used in the calculation of the insurance liabilities. These represent the expected future costs that relate directly to the fulfilment of the underlying insurance policies, and are based on management\u2019s best estimate of these future costs, and on an appropriate allocation between servicing new and existing business \u2022  determination of valuation interest rates used to discount the liabilities, which are sensitive to the assumptions made, for example, on credit default of the backing assets. These assumptions take into account consideration of market experience and historic internal data. The valuation interest rate is also sensitive to the selection of the reference portfolio of assets chosen to back the liabilities \u2022  determination of the compensation required for bearing the uncertainty about the amount and timing of the cash flows arising from non- financial risks as insurance contracts are fulfilled, in the calculation of the risk adjustment \u2022  determination of the weighting of the coverage units, used to calculate the CSM amortisation in the year, between the payment phase and the deferral phase for deferred annuities. Judgement is required to combine the different coverage units so that they fairly reflect the services provided \u2022  determination of the transition date CSM under IFRS 17 incorporated judgement. In particular, judgements made in the calculation of the CSM for portfolios transitioned using the fair value approach at 1 January 2022 continue to be a component of the current valuation of the CSM until those portfolios expire. Note 20 includes a sensitivity analysis on post-tax Group profit and Group equity to reasonable alternative assumptions. Valuation of unquoted illiquid assets and investment property (Note 12) Determination of fair value of unquoted and illiquid assets, and investment property involves judgements in model valuations, through the incorporation of both observable and unobservable market inputs, which include assumptions that lead to the existence of a range of plausible valuations for financial assets. In assessing asset valuation, in line with applicable standards and guidance, the Group has both projected the short-term impact on earnings and cash flows of the current market volatility, while continuing to review the assets\u2019 ability to deliver longer term returns aligned to their investment cases. Note 12 includes a sensitivity analysis on the fair value of unquoted illiquid assets and investment property to reasonable alternative assumptions. ",
   "dimensions": {
    "concept": "ifrs-full:ExplanationOfAssumptionAboutFutureWithSignificantRiskOfResultingInMaterialAdjustments",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-623": {
   "value": "(<span class=\"_ _1\"></span>v<span class=\"_ _0\"></span>i) <span class=\"_ _2d\"> </span>Crit<span class=\"_ _0\"></span>ica<span class=\"_ _0\"></span>l accou<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g judgements a<span class=\"_ _0\"></span>nd the us<span class=\"_ _0\"></span>e of est<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ates<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e prep<span class=\"_ _0\"></span>arati<span class=\"_ _0\"></span>on of th<span class=\"_ _0\"></span>e fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial s<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nts in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>s the us<span class=\"_ _0\"></span>e of esti<span class=\"_ _0\"></span>mates and a<span class=\"_ _0\"></span>ssu<span class=\"_ _0\"></span>mptio<span class=\"_ _0\"></span>ns whi<span class=\"_ _0\"></span>ch af<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t item<span class=\"_ _0\"></span>s repo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d in the C<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>soli<span class=\"_ _0\"></span>dated Bala<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e She<span class=\"_ _0\"></span>et an<span class=\"_ _0\"></span>d Con<span class=\"_ _0\"></span>soli<span class=\"_ _0\"></span>dated In<span class=\"_ _0\"></span>com<span class=\"_ _0\"></span>e S<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent an<span class=\"_ _0\"></span>d the disc<span class=\"_ _0\"></span>losu<span class=\"_ _0\"></span>re of conti<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>nt asse<span class=\"_ _0\"></span>ts and liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es at the date of the fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial statem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts. Al<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>ugh th<span class=\"_ _0\"></span>ese es<span class=\"_ _0\"></span>timates are bas<span class=\"_ _0\"></span>ed on man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>\u2019s best kn<span class=\"_ _0\"></span>owle<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>e of curren<span class=\"_ _0\"></span>t circu<span class=\"_ _0\"></span>mst<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>es and fu<span class=\"_ _0\"></span>ture eve<span class=\"_ _0\"></span>nts and ac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns, mate<span class=\"_ _0\"></span>rial<span class=\"_ _0\"></span> adjus<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nts co<span class=\"_ _0\"></span>uld be ma<span class=\"_ _0\"></span>de to the car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>yi<span class=\"_ _0\"></span>ng amo<span class=\"_ _0\"></span>unts of asse<span class=\"_ _0\"></span>ts and liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es wit<span class=\"_ _0\"></span>hin the nex<span class=\"_ _3\"></span>t fina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al year. <span class=\"_ _1\"></span>Th<span class=\"_ _0\"></span>e Audi<span class=\"_ _0\"></span>t Com<span class=\"_ _0\"></span>mit<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>e reviews th<span class=\"_ _0\"></span>e reaso<span class=\"_ _0\"></span>nab<span class=\"_ _0\"></span>len<span class=\"_ _0\"></span>ess of judg<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s assoc<span class=\"_ _0\"></span>iated wit<span class=\"_ _0\"></span>h and the ap<span class=\"_ _0\"></span>plic<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of material ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>untin<span class=\"_ _0\"></span>g poli<span class=\"_ _0\"></span>cie<span class=\"_ _0\"></span>s. Th<span class=\"_ _0\"></span>e signi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>can<span class=\"_ _0\"></span>t acc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ting mat<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>s con<span class=\"_ _0\"></span>side<span class=\"_ _0\"></span>red by the Au<span class=\"_ _0\"></span>dit C<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>mit<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>e in respe<span class=\"_ _0\"></span>ct of the yea<span class=\"_ _0\"></span>r ende<span class=\"_ _0\"></span>d 31 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>24 are inclu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d within th<span class=\"_ _0\"></span>e Audi<span class=\"_ _0\"></span>t Co<span class=\"_ _0\"></span>mmi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tee Rep<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>t on page 7<span class=\"_ _1\"></span>4. Th<span class=\"_ _0\"></span>e major are<span class=\"_ _0\"></span>as of criti<span class=\"_ _0\"></span>cal ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>unti<span class=\"_ _0\"></span>ng jud<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ent o<span class=\"_ _0\"></span>n poli<span class=\"_ _0\"></span>cy app<span class=\"_ _0\"></span>lica<span class=\"_ _0\"></span>tion are c<span class=\"_ _0\"></span>onsi<span class=\"_ _0\"></span>dere<span class=\"_ _0\"></span>d be<span class=\"_ _0\"></span>low:<span class=\"_ _3b2\"> </span>In<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nce a<span class=\"_ _0\"></span>nd i<span class=\"_ _0\"></span>nves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ct l<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>abi<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ies (<span class=\"_ _0\"></span>Notes <span class=\"ls45 ws100\">21</span> a<span class=\"_ _0\"></span>nd <span class=\"ls1b ws1f\">22</span>): Pro<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>t cla<span class=\"_ _0\"></span>ssi<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ation a<span class=\"_ _0\"></span>nd t<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>ment of t<span class=\"_ _0\"></span>he si<span class=\"_ _0\"></span>gn<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce of<span class=\"_ gs14c\"> </span>in<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nce r<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>sk t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>sfer<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d to t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup i<span class=\"_ _0\"></span>n det<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g whet<span class=\"_ _0\"></span>her a c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t shou<span class=\"_ _0\"></span>ld b<span class=\"_ _0\"></span>e ac<span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>nte<span class=\"_ _0\"></span>d for as a<span class=\"_ _0\"></span>n i<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span> or<span class=\"_ gs14c\"> </span>inve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ment<span class=\"_ gs14c\"> </span>c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _3b2\"> </span>Co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts whi<span class=\"_ _0\"></span>ch tra<span class=\"_ _0\"></span>nsfer sign<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ica<span class=\"_ _0\"></span>nt insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce ris<span class=\"_ _0\"></span>k to <span class=\"_ _1\"></span>the Gr<span class=\"_ _0\"></span>oup are cla<span class=\"_ _0\"></span>ssif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d as insur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>. Con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts that tra<span class=\"_ _0\"></span>nsfer f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial ri<span class=\"_ _0\"></span>sk (e.g.<span class=\"_ gsec\"> </span>chan<span class=\"_ _0\"></span>ge in intere<span class=\"_ _0\"></span>st rate or sec<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y pri<span class=\"_ _0\"></span>ce) to <span class=\"_ _1\"></span>the Gro<span class=\"_ _0\"></span>up bu<span class=\"_ _0\"></span>t not signi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>nt insur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e risk are cl<span class=\"_ _0\"></span>assif<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ed as invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>ts.<span class=\"_ _0\"></span> Jud<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t is require<span class=\"_ _0\"></span>d in ord<span class=\"_ _0\"></span>er to assess th<span class=\"_ _0\"></span>e signif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce of the tran<span class=\"_ _0\"></span>sfer of insur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e risk wit<span class=\"_ _0\"></span>hin a con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>t. T<span class=\"_ _0\"></span>his asse<span class=\"_ _0\"></span>ssm<span class=\"_ _0\"></span>ent is bas<span class=\"_ _0\"></span>ed on wh<span class=\"_ _0\"></span>ethe<span class=\"_ _0\"></span>r the oc<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e of an insured eve<span class=\"_ _0\"></span>nt cou<span class=\"_ _0\"></span>ld caus<span class=\"_ _0\"></span>e the Gro<span class=\"_ _0\"></span>up to make signif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant addi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal pay<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts, i.e<span class=\"_ _0\"></span>. if the oc<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>ce of the even<span class=\"_ _0\"></span>t cause<span class=\"_ _0\"></span>s signi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>can<span class=\"_ _0\"></span>tly hig<span class=\"_ _0\"></span>her c<span class=\"_ _0\"></span>ash ou<span class=\"_ _0\"></span>t flows for the G<span class=\"_ _0\"></span>roup th<span class=\"_ _0\"></span>an its no<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>cc<span class=\"_ _0\"></span>urre<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e.<span class=\"_ _3b2\"> </span>Ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tai<span class=\"_ _0\"></span>n con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>, which are b<span class=\"_ _0\"></span>oth insur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e and inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>, can co<span class=\"_ _0\"></span>ntai<span class=\"_ _0\"></span>n discre<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y featu<span class=\"_ _0\"></span>res repr<span class=\"_ _0\"></span>ese<span class=\"_ _0\"></span>nting th<span class=\"_ _0\"></span>e con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>tual ri<span class=\"_ _0\"></span>ght to rece<span class=\"_ _0\"></span>ive addi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal be<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>its as a sup<span class=\"_ _0\"></span>ple<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt to guarante<span class=\"_ _0\"></span>ed be<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ts unde<span class=\"_ _0\"></span>r cer<span class=\"_ _3\"></span>tain co<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>, bein<span class=\"_ _0\"></span>g:<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">that th<span class=\"_ _0\"></span>e addi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal b<span class=\"_ _0\"></span>enef<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ts are a sig<span class=\"_ _0\"></span>nif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant p<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>tion of th<span class=\"_ _0\"></span>e total co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>ctua<span class=\"_ _0\"></span>l be<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>its<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">the ti<span class=\"_ _0\"></span>ming a<span class=\"_ _0\"></span>nd am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t of the ad<span class=\"_ _0\"></span>diti<span class=\"_ _0\"></span>onal b<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>its is at t<span class=\"_ _0\"></span>he dis<span class=\"_ _0\"></span>creti<span class=\"_ _0\"></span>on of th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">that the ad<span class=\"_ _0\"></span>diti<span class=\"_ _0\"></span>onal b<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>ts are co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>ctua<span class=\"_ _0\"></span>lly de<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>nt upo<span class=\"_ _0\"></span>n the pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>man<span class=\"_ _0\"></span>ce of an enti<span class=\"_ _0\"></span>ty, fund or sp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>cif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d poo<span class=\"_ _0\"></span>l of assets<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></span>Insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts an<span class=\"_ _0\"></span>d investm<span class=\"_ _0\"></span>ent c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>s with suc<span class=\"_ _0\"></span>h disc<span class=\"_ _0\"></span>retio<span class=\"_ _0\"></span>nar<span class=\"_ _3\"></span>y par<span class=\"_ _0\"></span>tic<span class=\"_ _0\"></span>ipati<span class=\"_ _0\"></span>on feature<span class=\"_ _0\"></span>s are acc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ted for unde<span class=\"_ _0\"></span>r IFR<span class=\"_ _0\"></span>S 1<span class=\"_ _1\"></span>7<span class=\"_ _4\"></span>, whil<span class=\"_ _0\"></span>e investm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span> con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts wit<span class=\"_ _0\"></span>hou<span class=\"_ _0\"></span>t disc<span class=\"_ _0\"></span>retio<span class=\"_ _0\"></span>nar<span class=\"_ _3\"></span>y par<span class=\"_ _0\"></span>tic<span class=\"_ _0\"></span>ipati<span class=\"_ _0\"></span>on feature<span class=\"_ _0\"></span>s are acc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ted for as fina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al inst<span class=\"_ _0\"></span>rum<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s unde<span class=\"_ _0\"></span>r IFR<span class=\"_ _0\"></span>S 9. Jud<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t is the<span class=\"_ _0\"></span>refore re<span class=\"_ _0\"></span>quire<span class=\"_ _0\"></span>d in o<span class=\"_ _0\"></span>rde<span class=\"_ _0\"></span>r to estab<span class=\"_ _0\"></span>lish wh<span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span>er any a<span class=\"_ _0\"></span>ddi<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>al be<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>s in an ins<span class=\"_ _0\"></span>ura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e or inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>et the a<span class=\"_ _0\"></span>bove requ<span class=\"_ _0\"></span>irem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s for bein<span class=\"_ _0\"></span>g cons<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>red disc<span class=\"_ _0\"></span>reti<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y par<span class=\"_ _3\"></span>ticip<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n features<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Con<span class=\"_ _0\"></span>sol<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>ation (<span class=\"_ _0\"></span>Note<span class=\"_ _0\"></span>s <span class=\"ls10 ws12\">40</span><span class=\"ls1\">-<span class=\"ls118 ws126\">42</span></span>): A<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>sment of whe<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>her t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup cont<span class=\"_ _0\"></span>rols u<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>erly<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g ent<span class=\"_ _0\"></span>itie<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>nd shou<span class=\"_ _0\"></span>ld t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>refore c<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>oli<span class=\"_ _0\"></span>dat<span class=\"_ _0\"></span>e the<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e assess<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt takes acc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t of various cr<span class=\"_ _0\"></span>iter<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>, inclu<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>g decis<span class=\"_ _0\"></span>ion ma<span class=\"_ _0\"></span>kin<span class=\"_ _0\"></span>g abilit<span class=\"_ _0\"></span>y, equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y holdi<span class=\"_ _0\"></span>ng and the rig<span class=\"_ _0\"></span>hts to a <span class=\"_ _1\"></span>vari<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e return fro<span class=\"_ _0\"></span>m the enti<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y.<span class=\"_ _3b2\"> </span>Co<span class=\"_ _0\"></span>ntrol ar<span class=\"_ _0\"></span>ises wh<span class=\"_ _0\"></span>en the G<span class=\"_ _0\"></span>roup is exp<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>d, o<span class=\"_ _0\"></span>r has right<span class=\"_ _0\"></span>s, to variab<span class=\"_ _0\"></span>le retu<span class=\"_ _0\"></span>rns fro<span class=\"_ _0\"></span>m its invol<span class=\"_ _0\"></span>veme<span class=\"_ _0\"></span>nt wit<span class=\"_ _0\"></span>h the enti<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y and has the ab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y to affec<span class=\"_ _0\"></span>t thos<span class=\"_ _0\"></span>e retur<span class=\"_ _0\"></span>ns thro<span class=\"_ _0\"></span>ugh i<span class=\"_ _0\"></span>ts power over the e<span class=\"_ _0\"></span>ntit<span class=\"_ _0\"></span>y. For op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ating e<span class=\"_ _0\"></span>ntiti<span class=\"_ _0\"></span>es this ge<span class=\"_ _0\"></span>ner<span class=\"_ _0\"></span>ally ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>anie<span class=\"_ _0\"></span>s a shareh<span class=\"_ _0\"></span>old<span class=\"_ _0\"></span>ing of 50<span class=\"_ _0\"></span>% or mo<span class=\"_ _0\"></span>re in the enti<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y. <span class=\"_ _1\"></span>Su<span class=\"_ _0\"></span>bsidi<span class=\"_ _0\"></span>ari<span class=\"_ _0\"></span>es that are co<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>lidated wh<span class=\"_ _0\"></span>ere the G<span class=\"_ _0\"></span>roup<span class=\"_ _0\"></span> owns les<span class=\"_ _0\"></span>s than 5<span class=\"_ _0\"></span>0% of the ord<span class=\"_ _0\"></span>inar<span class=\"_ _3\"></span>y share cap<span class=\"_ _0\"></span>ital (stru<span class=\"_ _0\"></span>ctu<span class=\"_ _0\"></span>red en<span class=\"_ _0\"></span>titi<span class=\"_ _0\"></span>es), are conso<span class=\"_ _0\"></span>lidate<span class=\"_ _0\"></span>d based o<span class=\"_ _0\"></span>n an assess<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt of contr<span class=\"_ _0\"></span>ol nor<span class=\"_ _0\"></span>mal<span class=\"_ _0\"></span>ly aris<span class=\"_ _0\"></span>ing fro<span class=\"_ _0\"></span>m spe<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>l right<span class=\"_ _0\"></span>s att<span class=\"_ _0\"></span>achi<span class=\"_ _0\"></span>ng to the class of share own<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>, othe<span class=\"_ _0\"></span>r cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>tual ar<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts and factor<span class=\"_ _0\"></span>s suc<span class=\"_ _0\"></span>h as the pur<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>e of the investee<span class=\"_ _0\"></span>, the natur<span class=\"_ _0\"></span>e of its releva<span class=\"_ _0\"></span>nt acti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>, voting rig<span class=\"_ _0\"></span>hts (in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>ding p<span class=\"_ _0\"></span>otential votin<span class=\"_ _0\"></span>g right<span class=\"_ _0\"></span>s) <span class=\"_ _1\"></span>and sub<span class=\"_ _0\"></span>sta<span class=\"_ _0\"></span>ntive and pr<span class=\"_ _0\"></span>otecti<span class=\"_ _0\"></span>ve right<span class=\"_ _0\"></span>s. Th<span class=\"_ _0\"></span>e Group invests in vari<span class=\"_ _0\"></span>ous fun<span class=\"_ _0\"></span>d and unit trus<span class=\"_ _0\"></span>t entiti<span class=\"_ _0\"></span>es where it also acts as the asset mana<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>r t<span class=\"_ _1\"></span>o those enti<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s. In these inst<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, in determi<span class=\"_ _0\"></span>ning<span class=\"_ _0\"></span> whet<span class=\"_ _0\"></span>her th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p cont<span class=\"_ _0\"></span>rols th<span class=\"_ _0\"></span>e entit<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>, the asse<span class=\"_ _0\"></span>ssm<span class=\"_ _0\"></span>ent foc<span class=\"_ _0\"></span>use<span class=\"_ _0\"></span>s on the agg<span class=\"_ _0\"></span>rega<span class=\"_ _0\"></span>te econ<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>ic interes<span class=\"_ _0\"></span>ts of the Grou<span class=\"_ _0\"></span>p (<span class=\"_ _1\"></span>dire<span class=\"_ _0\"></span>ct intere<span class=\"_ _0\"></span>st and ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cted<span class=\"_ _0\"></span> mana<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t fees) and on wheth<span class=\"_ _0\"></span>er the Gr<span class=\"_ _0\"></span>oup ac<span class=\"_ _0\"></span>ts as a princ<span class=\"_ _0\"></span>ipal o<span class=\"_ _0\"></span>r agent<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>is incl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>s an asses<span class=\"_ _0\"></span>sme<span class=\"_ _0\"></span>nt of the remov<span class=\"_ _0\"></span>al right<span class=\"_ _0\"></span>s of other investor<span class=\"_ _0\"></span>s (their pr<span class=\"_ _0\"></span>acti<span class=\"_ _0\"></span>cal abili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y to <span class=\"_ _1\"></span>allow the Grou<span class=\"_ _0\"></span>p not t<span class=\"_ _1\"></span>o contro<span class=\"_ _0\"></span>l the fund<span class=\"_ _0\"></span>). Additi<span class=\"_ _0\"></span>onal<span class=\"_ _0\"></span>ly, <span class=\"_ _1\"></span>hol<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>gs in such investm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s can fluc<span class=\"_ _0\"></span>tuate on a daily basis acco<span class=\"_ _0\"></span>rdin<span class=\"_ _0\"></span>g to<span class=\"_ gsec\"> </span>the par<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>icip<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of the Group an<span class=\"_ _0\"></span>d other inves<span class=\"_ _0\"></span>tors in th<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>. As a resul<span class=\"_ _0\"></span>t, in dete<span class=\"_ _0\"></span>rmi<span class=\"_ _0\"></span>ning c<span class=\"_ _0\"></span>ontro<span class=\"_ _0\"></span>l, we lo<span class=\"_ _0\"></span>ok at an asses<span class=\"_ _0\"></span>sme<span class=\"_ _0\"></span>nt of these fac<span class=\"_ _0\"></span>tors over<span class=\"_ _0\"></span> a<span class=\"_ gsec\"> </span>lon<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>r per<span class=\"_ _0\"></span>iod to mitig<span class=\"_ _0\"></span>ate the impa<span class=\"_ _0\"></span>ct of daily f<span class=\"_ _0\"></span>luc<span class=\"_ _0\"></span>tuati<span class=\"_ _0\"></span>ons whi<span class=\"_ _0\"></span>ch do not ref<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>ct th<span class=\"_ _0\"></span>e wider fac<span class=\"_ _0\"></span>ts and cir<span class=\"_ _0\"></span>cum<span class=\"_ _0\"></span>stan<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>s of the Group\u2019s involve<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt.<span class=\"_ _0\"></span> This<span class=\"_ gsec\"> </span>i<span class=\"_ _0\"></span>s per<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rme<span class=\"_ _0\"></span>d in line wi<span class=\"_ _0\"></span>th the followi<span class=\"_ _0\"></span>ng pr<span class=\"_ _0\"></span>inc<span class=\"_ _0\"></span>iple<span class=\"_ _0\"></span>s:<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">whe<span class=\"_ _0\"></span>re the enti<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y is manag<span class=\"_ _0\"></span>ed by a Group as<span class=\"_ _0\"></span>set man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>, and the Gro<span class=\"_ _0\"></span>up\u2019s owner<span class=\"_ _0\"></span>shi<span class=\"_ _0\"></span>p holdi<span class=\"_ _0\"></span>ng in the en<span class=\"_ _0\"></span>tit<span class=\"_ _0\"></span>y exce<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>s 50<span class=\"_ _0\"></span>%<span class=\"_ _0\"></span>, the Gro<span class=\"_ _0\"></span>up is judg<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span> </span>to<span class=\"_ gsec\"> </span>have contro<span class=\"_ _0\"></span>l over the enti<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">whe<span class=\"_ _0\"></span>re the enti<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y is manag<span class=\"_ _0\"></span>ed by a Group as<span class=\"_ _0\"></span>set man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>, and the Gro<span class=\"_ _0\"></span>up\u2019s owner<span class=\"_ _0\"></span>shi<span class=\"_ _0\"></span>p holdi<span class=\"_ _0\"></span>ng in the en<span class=\"_ _0\"></span>tit<span class=\"_ _0\"></span>y is bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en 3<span class=\"_ _0\"></span>0% and 5<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>%<span class=\"_ _0\"></span>, the fac<span class=\"_ _0\"></span>ts </span>and<span class=\"_ gsec\"> </span>ci<span class=\"_ _0\"></span>rcu<span class=\"_ _0\"></span>msta<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>es of the Grou<span class=\"_ _0\"></span>p\u2019s involvem<span class=\"_ _0\"></span>ent in the e<span class=\"_ _0\"></span>ntit<span class=\"_ _0\"></span>y are co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>d, in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>g the righ<span class=\"_ _0\"></span>ts to any f<span class=\"_ _1\"></span>ees ea<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>ed by the asse<span class=\"_ _0\"></span>t mana<span class=\"_ _0\"></span>ger<span class=\"_ _0\"></span> from<span class=\"_ gsec\"> </span>t<span class=\"_ _0\"></span>he enti<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, in <span class=\"_ _1\"></span>form<span class=\"_ _0\"></span>ing a jud<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ent as to wheth<span class=\"_ _0\"></span>er th<span class=\"_ _0\"></span>e Group ha<span class=\"_ _0\"></span>s cont<span class=\"_ _0\"></span>rol over the en<span class=\"_ _0\"></span>tit<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">whe<span class=\"_ _0\"></span>re the enti<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y is manag<span class=\"_ _0\"></span>ed by a Group as<span class=\"_ _0\"></span>set man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>, and the Gro<span class=\"_ _0\"></span>up\u2019s owner<span class=\"_ _0\"></span>shi<span class=\"_ _0\"></span>p holdi<span class=\"_ _0\"></span>ng in the en<span class=\"_ _0\"></span>tit<span class=\"_ _0\"></span>y is les<span class=\"_ _0\"></span>s than 30<span class=\"_ _0\"></span>%<span class=\"_ _0\"></span>, the Gr<span class=\"_ _0\"></span>oup is jud<span class=\"_ _0\"></span>ged<span class=\"_ _0\"></span> </span>to<span class=\"_ gsec\"> </span>not have contro<span class=\"_ _0\"></span>l over the ent<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y, but again th<span class=\"_ _0\"></span>e facts and ci<span class=\"_ _0\"></span>rcu<span class=\"_ _0\"></span>msta<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>es of the Grou<span class=\"_ _0\"></span>p\u2019s involvem<span class=\"_ _0\"></span>ent in the e<span class=\"_ _0\"></span>ntit<span class=\"_ _0\"></span>y are co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>d.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e followin<span class=\"_ _0\"></span>g sets ou<span class=\"_ _0\"></span>t informa<span class=\"_ _0\"></span>tion ab<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>t the cr<span class=\"_ _0\"></span>itic<span class=\"_ _0\"></span>al ac<span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>ntin<span class=\"_ _0\"></span>g assum<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>ns mad<span class=\"_ _0\"></span>e by the Group ab<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>t the fu<span class=\"_ _0\"></span>ture<span class=\"_ _0\"></span>, and othe<span class=\"_ _0\"></span>r major so<span class=\"_ _0\"></span>urc<span class=\"_ _0\"></span>es of<span class=\"_ gsec\"> </span>estim<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n unc<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>aint<span class=\"_ _0\"></span>y at the en<span class=\"_ _0\"></span>d of the repo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng per<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d, that have a signi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>can<span class=\"_ _0\"></span>t risk of resul<span class=\"_ _0\"></span>ting in a mater<span class=\"_ _0\"></span>ial adjus<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt to the car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>yi<span class=\"_ _0\"></span>ng amo<span class=\"_ _0\"></span>unts of asse<span class=\"_ _0\"></span>ts and liabi<span class=\"_ _0\"></span>liti<span class=\"_ _0\"></span>es with<span class=\"_ _0\"></span>in the nex<span class=\"_ _0\"></span>t f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al year<span class=\"_ _0\"></span>:<span class=\"_ _3b2\"> </span>V<span class=\"_ _1\"></span>aluat<span class=\"_ _0\"></span>ion of i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce cont<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>act l<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>abi<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ies (<span class=\"_ _0\"></span>Notes <span class=\"lsb7 ws124\">19<span class=\"_ _3\"></span></span><span class=\"ls1\">-<span class=\"_ _1\"></span><span class=\"ls45 ws100\">21<span class=\"_ _1\"></span><span class=\"ls1 ws0\">)<span class=\"_ _3b2\"> </span></span></span></span>Th<span class=\"_ _0\"></span>e key judge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts aroun<span class=\"_ _0\"></span>d the valu<span class=\"_ _0\"></span>ation of insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>act lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ties rel<span class=\"_ _0\"></span>ate to <span class=\"_ _1\"></span>the followi<span class=\"_ _0\"></span>ng assu<span class=\"_ _0\"></span>mpti<span class=\"_ _0\"></span>ons:<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">de<span class=\"_ _0\"></span>termi<span class=\"_ _0\"></span>natio<span class=\"_ _0\"></span>n of <span class=\"_ _1\"></span>the lon<span class=\"_ _0\"></span>gev<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y, mor<span class=\"_ _0\"></span>tali<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y and mor<span class=\"_ _0\"></span>bidi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y assump<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s used in the calcu<span class=\"_ _0\"></span>latio<span class=\"_ _0\"></span>n of <span class=\"_ _1\"></span>the insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>t liabili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s; the assump<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s </span>for the rate of future lo<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>evi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, <span class=\"_ _1\"></span>mor<span class=\"_ _3\"></span>talit<span class=\"_ _0\"></span>y an<span class=\"_ _0\"></span>d mor<span class=\"_ _0\"></span>bidi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y are base<span class=\"_ _0\"></span>d on the Gro<span class=\"_ _0\"></span>up\u2019s intern<span class=\"_ _0\"></span>al expe<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e and jud<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts abo<span class=\"_ _0\"></span>ut how exp<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ien<span class=\"_ _0\"></span>ce may<span class=\"_ _0\"></span> var<span class=\"_ _0\"></span>y in the f<span class=\"_ _0\"></span>utu<span class=\"_ _0\"></span>re. This as<span class=\"_ _0\"></span>sess<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt takes into acc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t market b<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>hm<span class=\"_ _0\"></span>ark<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>, inter<span class=\"_ _0\"></span>nal exp<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ien<span class=\"_ _0\"></span>ce st<span class=\"_ _0\"></span>udie<span class=\"_ _0\"></span>s and ind<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>ent in<span class=\"_ _0\"></span>dus<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>y dat<span class=\"_ _0\"></span>a. Th<span class=\"_ _0\"></span>e lon<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>-ter<span class=\"_ _0\"></span>m ass<span class=\"_ _0\"></span>ump<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s are adju<span class=\"_ _0\"></span>sted to ref<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>ct th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p\u2019s view on t<span class=\"_ _0\"></span>he ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>ts of the C<span class=\"_ _0\"></span>ovi<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>-1<span class=\"_ _4\"></span>9 p<span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>emi<span class=\"_ _0\"></span>c on cl<span class=\"_ _0\"></span>aims ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e in th<span class=\"_ _0\"></span>e me<span class=\"_ _0\"></span>dium to lon<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>-ter<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>, inform<span class=\"_ _0\"></span>ed by eme<span class=\"_ _0\"></span>rgin<span class=\"_ _0\"></span>g exp<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ce and in<span class=\"_ _0\"></span>dus<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>y stu<span class=\"_ _0\"></span>dies<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of the direc<span class=\"_ _0\"></span>tly at<span class=\"_ _0\"></span>tri<span class=\"_ _0\"></span>bu<span class=\"_ _0\"></span>tabl<span class=\"_ _0\"></span>e expe<span class=\"_ _0\"></span>nse as<span class=\"_ _0\"></span>sump<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s used in th<span class=\"_ _0\"></span>e calc<span class=\"_ _0\"></span>ulati<span class=\"_ _0\"></span>on of the insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es. T<span class=\"_ _0\"></span>hes<span class=\"_ _0\"></span>e repre<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>t the expe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted </span>fut<span class=\"_ _0\"></span>ure cos<span class=\"_ _0\"></span>ts that rela<span class=\"_ _0\"></span>te directl<span class=\"_ _0\"></span>y to the fulf<span class=\"_ _0\"></span>ilm<span class=\"_ _0\"></span>ent of the und<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>lyi<span class=\"_ _0\"></span>ng insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce po<span class=\"_ _0\"></span>lic<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>, and are base<span class=\"_ _0\"></span>d on man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>\u2019s best esti<span class=\"_ _0\"></span>mate of these fut<span class=\"_ _0\"></span>ure cos<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>, and on an app<span class=\"_ _0\"></span>ropr<span class=\"_ _0\"></span>iate allo<span class=\"_ _0\"></span>cati<span class=\"_ _0\"></span>on be<span class=\"_ _0\"></span>twe<span class=\"_ _0\"></span>en se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>cin<span class=\"_ _0\"></span>g new and exis<span class=\"_ _0\"></span>ting bu<span class=\"_ _0\"></span>sine<span class=\"_ _0\"></span>ss<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of valuation in<span class=\"_ _0\"></span>terest rates us<span class=\"_ _0\"></span>ed to disco<span class=\"_ _0\"></span>unt the lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>, whic<span class=\"_ _0\"></span>h are sens<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>ve to <span class=\"_ _1\"></span>the ass<span class=\"_ _0\"></span>umpt<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s made<span class=\"_ _0\"></span>, for exampl<span class=\"_ _0\"></span>e, on cre<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span> </span>defaul<span class=\"_ _0\"></span>t of the back<span class=\"_ _0\"></span>ing as<span class=\"_ _0\"></span>sets<span class=\"_ _0\"></span>. The<span class=\"_ _0\"></span>se assu<span class=\"_ _0\"></span>mpti<span class=\"_ _0\"></span>ons take into acc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t cons<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>ratio<span class=\"_ _0\"></span>n of market exp<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ien<span class=\"_ _0\"></span>ce and his<span class=\"_ _0\"></span>tori<span class=\"_ _0\"></span>c intern<span class=\"_ _0\"></span>al data. T<span class=\"_ _0\"></span>he valu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n interes<span class=\"_ _0\"></span>t rate is also s<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>itive to th<span class=\"_ _0\"></span>e sel<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tion of t<span class=\"_ _0\"></span>he refere<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>folio of as<span class=\"_ _0\"></span>sets c<span class=\"_ _0\"></span>hos<span class=\"_ _0\"></span>en to bac<span class=\"_ _0\"></span>k the li<span class=\"_ _0\"></span>abili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of the co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n requ<span class=\"_ _0\"></span>ire<span class=\"_ _0\"></span>d for be<span class=\"_ _0\"></span>arin<span class=\"_ _0\"></span>g the u<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>taint<span class=\"_ _0\"></span>y ab<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>t the a<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt and t<span class=\"_ _0\"></span>imin<span class=\"_ _0\"></span>g of the c<span class=\"_ _0\"></span>ash f<span class=\"_ _0\"></span>lows ar<span class=\"_ _0\"></span>isin<span class=\"_ _0\"></span>g from n<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>-<span class=\"_ _3b2\"> </span></span>fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>ial ris<span class=\"_ _0\"></span>ks as insur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts are fulf<span class=\"_ _0\"></span>ill<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>, in the cal<span class=\"_ _0\"></span>cul<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of the risk adjus<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of the weightin<span class=\"_ _0\"></span>g of the covera<span class=\"_ _0\"></span>ge uni<span class=\"_ _0\"></span>ts, us<span class=\"_ _0\"></span>ed to calc<span class=\"_ _0\"></span>ulate the C<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>M amor<span class=\"_ _3\"></span>tisati<span class=\"_ _0\"></span>on in the year, bet<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n the paym<span class=\"_ _0\"></span>ent ph<span class=\"_ _0\"></span>ase </span>and<span class=\"_ gsec\"> </span>th<span class=\"_ _0\"></span>e<span class=\"_ gsec\"> </span>defer<span class=\"_ _0\"></span>ral ph<span class=\"_ _0\"></span>ase for defer<span class=\"_ _0\"></span>red ann<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>. Judg<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent is req<span class=\"_ _0\"></span>uire<span class=\"_ _0\"></span>d to combi<span class=\"_ _0\"></span>ne the dif<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>rent cove<span class=\"_ _0\"></span>rag<span class=\"_ _0\"></span>e units so th<span class=\"_ _0\"></span>at they fair<span class=\"_ _0\"></span>ly ref<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>ct the<span class=\"_ gsec\"> </span>se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ice<span class=\"_ _0\"></span>s<span class=\"_ gsec\"> </span>provi<span class=\"_ _0\"></span>ded<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of the transi<span class=\"_ _0\"></span>tion d<span class=\"_ _0\"></span>ate CS<span class=\"_ _0\"></span>M unde<span class=\"_ _0\"></span>r IF<span class=\"_ _0\"></span>RS 1<span class=\"_ _1\"></span>7 inco<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ated judg<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>. In par<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>cul<span class=\"_ _0\"></span>ar, <span class=\"_ _1\"></span>judg<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s made in the c<span class=\"_ _0\"></span>alcu<span class=\"_ _0\"></span>latio<span class=\"_ _0\"></span>n of the </span>C<span class=\"_ _0\"></span>SM<span class=\"_ gsec\"> </span>fo<span class=\"_ _0\"></span>r por<span class=\"_ _3\"></span>tfoli<span class=\"_ _0\"></span>os trans<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>d usin<span class=\"_ _0\"></span>g the fair value ap<span class=\"_ _0\"></span>pro<span class=\"_ _0\"></span>ach at 1 Janu<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 co<span class=\"_ _0\"></span>ntinu<span class=\"_ _0\"></span>e to be a compo<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>nt of the cur<span class=\"_ _0\"></span>rent val<span class=\"_ _0\"></span>uatio<span class=\"_ _0\"></span>n of the<span class=\"_ gsec\"> </span>C<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>M<span class=\"_ gsec\"> </span>unt<span class=\"_ _0\"></span>il thos<span class=\"_ _0\"></span>e por<span class=\"_ _3\"></span>tfoli<span class=\"_ _0\"></span>os expir<span class=\"_ _0\"></span>e.<span class=\"_ _3b2\"> </span>Note 20 incl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>s a sensi<span class=\"_ _0\"></span>tivi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y anal<span class=\"_ _0\"></span>ysis on po<span class=\"_ _0\"></span>st-t<span class=\"_ _0\"></span>ax Gro<span class=\"_ _0\"></span>up prof<span class=\"_ _0\"></span>it an<span class=\"_ _0\"></span>d Grou<span class=\"_ _0\"></span>p equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y to reasonab<span class=\"_ _0\"></span>le alter<span class=\"_ _0\"></span>nati<span class=\"_ _0\"></span>ve assum<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>ns.<span class=\"_ _3b2\"> </span>V<span class=\"_ _1\"></span>aluat<span class=\"_ _0\"></span>ion of u<span class=\"_ _0\"></span>nqu<span class=\"_ _0\"></span>oted i<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>liq<span class=\"_ _0\"></span>uid a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>nd i<span class=\"_ _0\"></span>nvest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y (<span class=\"_ _0\"></span>Note <span class=\"ls30 ws9\">12</span><span class=\"ls1\">)<span class=\"_ _3b2\"> </span></span>Dete<span class=\"_ _0\"></span>rmi<span class=\"_ _0\"></span>natio<span class=\"_ _0\"></span>n of fair value of unqu<span class=\"_ _0\"></span>oted and illiq<span class=\"_ _0\"></span>uid asse<span class=\"_ _0\"></span>ts, an<span class=\"_ _0\"></span>d investm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y invo<span class=\"_ _0\"></span>lves jud<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts in mod<span class=\"_ _0\"></span>el valu<span class=\"_ _0\"></span>ation<span class=\"_ _0\"></span>s, thr<span class=\"_ _0\"></span>oug<span class=\"_ _0\"></span>h the inc<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>ratio<span class=\"_ _0\"></span>n of both obse<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vab<span class=\"_ _0\"></span>le and un<span class=\"_ _0\"></span>obs<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>vable ma<span class=\"_ _0\"></span>rket inp<span class=\"_ _0\"></span>uts<span class=\"_ _0\"></span>, whic<span class=\"_ _0\"></span>h incl<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>e assum<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>ns that lea<span class=\"_ _0\"></span>d to <span class=\"_ _1\"></span>the exis<span class=\"_ _0\"></span>tenc<span class=\"_ _0\"></span>e of a range of plausi<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span> valuat<span class=\"_ _0\"></span>ions for f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al assets<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>In asses<span class=\"_ _0\"></span>sin<span class=\"_ _0\"></span>g asset valu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n, in lin<span class=\"_ _0\"></span>e with app<span class=\"_ _0\"></span>lic<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e stan<span class=\"_ _0\"></span>dards an<span class=\"_ _0\"></span>d guida<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e, the Gr<span class=\"_ _0\"></span>oup has bot<span class=\"_ _0\"></span>h proje<span class=\"_ _0\"></span>cted th<span class=\"_ _0\"></span>e sho<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t-<span class=\"_ _0\"></span>term im<span class=\"_ _0\"></span>pac<span class=\"_ _0\"></span>t on earn<span class=\"_ _0\"></span>ings<span class=\"_ _0\"></span> and<span class=\"_ gsec\"> </span>c<span class=\"_ _0\"></span>ash fl<span class=\"_ _0\"></span>ows of the curr<span class=\"_ _0\"></span>ent mar<span class=\"_ _0\"></span>ket volatil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y, while con<span class=\"_ _0\"></span>tinui<span class=\"_ _0\"></span>ng to review the ass<span class=\"_ _0\"></span>ets\u2019 ab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y to delive<span class=\"_ _0\"></span>r lon<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>r term retur<span class=\"_ _0\"></span>ns alig<span class=\"_ _0\"></span>ned to thei<span class=\"_ _0\"></span>r investment cases.<span class=\"_ _3b2\"> </span>Note 1<span class=\"_ _1\"></span>2 includ<span class=\"_ _0\"></span>es a sens<span class=\"_ _0\"></span>itiv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y ana<span class=\"_ _0\"></span>lysis o<span class=\"_ _0\"></span>n the fair value of unq<span class=\"_ _0\"></span>uoted illi<span class=\"_ _0\"></span>quid ass<span class=\"_ _0\"></span>ets and inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y to reason<span class=\"_ _0\"></span>able al<span class=\"_ _0\"></span>tern<span class=\"_ _0\"></span>ative assu<span class=\"_ _0\"></span>mpti<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-698": {
   "value": "In<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nce a<span class=\"_ _0\"></span>nd i<span class=\"_ _0\"></span>nves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ct l<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>abi<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ies (<span class=\"_ _0\"></span>Notes <span class=\"ls45 ws100\">21</span> a<span class=\"_ _0\"></span>nd <span class=\"ls1b ws1f\">22</span>): Pro<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>t cla<span class=\"_ _0\"></span>ssi<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ation a<span class=\"_ _0\"></span>nd t<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>ment of t<span class=\"_ _0\"></span>he si<span class=\"_ _0\"></span>gn<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce of<span class=\"_ gs14c\"> </span>in<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nce r<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>sk t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>sfer<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d to t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup i<span class=\"_ _0\"></span>n det<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g whet<span class=\"_ _0\"></span>her a c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t shou<span class=\"_ _0\"></span>ld b<span class=\"_ _0\"></span>e ac<span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>nte<span class=\"_ _0\"></span>d for as a<span class=\"_ _0\"></span>n i<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span> or<span class=\"_ gs14c\"> </span>inve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ment<span class=\"_ gs14c\"> </span>c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _3b2\"> </span>Co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts whi<span class=\"_ _0\"></span>ch tra<span class=\"_ _0\"></span>nsfer sign<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ica<span class=\"_ _0\"></span>nt insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce ris<span class=\"_ _0\"></span>k to <span class=\"_ _1\"></span>the Gr<span class=\"_ _0\"></span>oup are cla<span class=\"_ _0\"></span>ssif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d as insur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>. Con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts that tra<span class=\"_ _0\"></span>nsfer f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial ri<span class=\"_ _0\"></span>sk (e.g.<span class=\"_ gsec\"> </span>chan<span class=\"_ _0\"></span>ge in intere<span class=\"_ _0\"></span>st rate or sec<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y pri<span class=\"_ _0\"></span>ce) to <span class=\"_ _1\"></span>the Gro<span class=\"_ _0\"></span>up bu<span class=\"_ _0\"></span>t not signi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>nt insur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e risk are cl<span class=\"_ _0\"></span>assif<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ed as invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>ts.<span class=\"_ _0\"></span> Jud<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t is require<span class=\"_ _0\"></span>d in ord<span class=\"_ _0\"></span>er to assess th<span class=\"_ _0\"></span>e signif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce of the tran<span class=\"_ _0\"></span>sfer of insur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e risk wit<span class=\"_ _0\"></span>hin a con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>t. T<span class=\"_ _0\"></span>his asse<span class=\"_ _0\"></span>ssm<span class=\"_ _0\"></span>ent is bas<span class=\"_ _0\"></span>ed on wh<span class=\"_ _0\"></span>ethe<span class=\"_ _0\"></span>r the oc<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e of an insured eve<span class=\"_ _0\"></span>nt cou<span class=\"_ _0\"></span>ld caus<span class=\"_ _0\"></span>e the Gro<span class=\"_ _0\"></span>up to make signif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant addi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal pay<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts, i.e<span class=\"_ _0\"></span>. if the oc<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>ce of the even<span class=\"_ _0\"></span>t cause<span class=\"_ _0\"></span>s signi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>can<span class=\"_ _0\"></span>tly hig<span class=\"_ _0\"></span>her c<span class=\"_ _0\"></span>ash ou<span class=\"_ _0\"></span>t flows for the G<span class=\"_ _0\"></span>roup th<span class=\"_ _0\"></span>an its no<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>cc<span class=\"_ _0\"></span>urre<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e.<span class=\"_ _3b2\"> </span>Ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tai<span class=\"_ _0\"></span>n con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>, which are b<span class=\"_ _0\"></span>oth insur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e and inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>, can co<span class=\"_ _0\"></span>ntai<span class=\"_ _0\"></span>n discre<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y featu<span class=\"_ _0\"></span>res repr<span class=\"_ _0\"></span>ese<span class=\"_ _0\"></span>nting th<span class=\"_ _0\"></span>e con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>tual ri<span class=\"_ _0\"></span>ght to rece<span class=\"_ _0\"></span>ive addi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal be<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>its as a sup<span class=\"_ _0\"></span>ple<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt to guarante<span class=\"_ _0\"></span>ed be<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ts unde<span class=\"_ _0\"></span>r cer<span class=\"_ _3\"></span>tain co<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>, bein<span class=\"_ _0\"></span>g:<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">that th<span class=\"_ _0\"></span>e addi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal b<span class=\"_ _0\"></span>enef<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ts are a sig<span class=\"_ _0\"></span>nif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant p<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>tion of th<span class=\"_ _0\"></span>e total co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>ctua<span class=\"_ _0\"></span>l be<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>its<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">the ti<span class=\"_ _0\"></span>ming a<span class=\"_ _0\"></span>nd am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t of the ad<span class=\"_ _0\"></span>diti<span class=\"_ _0\"></span>onal b<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>its is at t<span class=\"_ _0\"></span>he dis<span class=\"_ _0\"></span>creti<span class=\"_ _0\"></span>on of th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">that the ad<span class=\"_ _0\"></span>diti<span class=\"_ _0\"></span>onal b<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>ts are co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>ctua<span class=\"_ _0\"></span>lly de<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>nt upo<span class=\"_ _0\"></span>n the pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>man<span class=\"_ _0\"></span>ce of an enti<span class=\"_ _0\"></span>ty, fund or sp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>cif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d poo<span class=\"_ _0\"></span>l of assets<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></span>Insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts an<span class=\"_ _0\"></span>d investm<span class=\"_ _0\"></span>ent c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>s with suc<span class=\"_ _0\"></span>h disc<span class=\"_ _0\"></span>retio<span class=\"_ _0\"></span>nar<span class=\"_ _3\"></span>y par<span class=\"_ _0\"></span>tic<span class=\"_ _0\"></span>ipati<span class=\"_ _0\"></span>on feature<span class=\"_ _0\"></span>s are acc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ted for unde<span class=\"_ _0\"></span>r IFR<span class=\"_ _0\"></span>S 1<span class=\"_ _1\"></span>7<span class=\"_ _4\"></span>, whil<span class=\"_ _0\"></span>e investm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span> con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts wit<span class=\"_ _0\"></span>hou<span class=\"_ _0\"></span>t disc<span class=\"_ _0\"></span>retio<span class=\"_ _0\"></span>nar<span class=\"_ _3\"></span>y par<span class=\"_ _0\"></span>tic<span class=\"_ _0\"></span>ipati<span class=\"_ _0\"></span>on feature<span class=\"_ _0\"></span>s are acc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ted for as fina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al inst<span class=\"_ _0\"></span>rum<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s unde<span class=\"_ _0\"></span>r IFR<span class=\"_ _0\"></span>S 9. Jud<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t is the<span class=\"_ _0\"></span>refore re<span class=\"_ _0\"></span>quire<span class=\"_ _0\"></span>d in o<span class=\"_ _0\"></span>rde<span class=\"_ _0\"></span>r to estab<span class=\"_ _0\"></span>lish wh<span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span>er any a<span class=\"_ _0\"></span>ddi<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>al be<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>s in an ins<span class=\"_ _0\"></span>ura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e or inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>et the a<span class=\"_ _0\"></span>bove requ<span class=\"_ _0\"></span>irem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s for bein<span class=\"_ _0\"></span>g cons<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>red disc<span class=\"_ _0\"></span>reti<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y par<span class=\"_ _3\"></span>ticip<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n features<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSignificantJudgementsAndChangesInJudgementsMadeInApplyingIFRS17Explanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-626": {
   "value": "(<span class=\"_ _1\"></span>v<span class=\"_ _0\"></span>ii) <span class=\"_ _10\"> </span>Consider<span class=\"_ _0\"></span>ation of cli<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ate cha<span class=\"_ _0\"></span>nge Th<span class=\"_ _0\"></span>e Group re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>es em<span class=\"_ _0\"></span>ergi<span class=\"_ _0\"></span>ng risk<span class=\"_ _0\"></span>s from both cl<span class=\"_ _0\"></span>imate cha<span class=\"_ _0\"></span>nge an<span class=\"_ _0\"></span>d the cri<span class=\"_ _0\"></span>sis with natu<span class=\"_ _0\"></span>re, an<span class=\"_ _0\"></span>d the inter<span class=\"_ _0\"></span>relati<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>hip be<span class=\"_ _0\"></span>twe<span class=\"_ _0\"></span>en ou<span class=\"_ _0\"></span>r climate and th<span class=\"_ _0\"></span>e natur<span class=\"_ _0\"></span>al worl<span class=\"_ _0\"></span>d. Clim<span class=\"_ _0\"></span>ate chang<span class=\"_ _0\"></span>e is the Grou<span class=\"_ _0\"></span>p\u2019s most mater<span class=\"_ _0\"></span>ial sus<span class=\"_ _0\"></span>taina<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y issue<span class=\"_ _0\"></span>, but th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p cont<span class=\"_ _0\"></span>inue<span class=\"_ _0\"></span>s to develo<span class=\"_ _0\"></span>p its und<span class=\"_ _0\"></span>ers<span class=\"_ _0\"></span>tan<span class=\"_ _0\"></span>ding of its<span class=\"_ _0\"></span> impa<span class=\"_ _0\"></span>cts an<span class=\"_ _0\"></span>d dep<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>cie<span class=\"_ _0\"></span>s on nature<span class=\"_ _0\"></span>, con<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>tly wit<span class=\"_ _0\"></span>h its con<span class=\"_ _0\"></span>side<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>on of the imp<span class=\"_ _0\"></span>acts fro<span class=\"_ _0\"></span>m clim<span class=\"_ _0\"></span>ate chang<span class=\"_ _0\"></span>e. Th<span class=\"_ _0\"></span>e Group is exp<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>d to climate chan<span class=\"_ _0\"></span>ge thro<span class=\"_ _0\"></span>ug<span class=\"_ _0\"></span>h two broa<span class=\"_ _0\"></span>d catego<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>es: tran<span class=\"_ _0\"></span>siti<span class=\"_ _0\"></span>on ris<span class=\"_ _0\"></span>ks from the m<span class=\"_ _0\"></span>ove to a <span class=\"_ _1\"></span>low<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>arb<span class=\"_ _0\"></span>on e<span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>omy an<span class=\"_ _0\"></span>d the imp<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span> this has o<span class=\"_ _0\"></span>n ass<span class=\"_ _0\"></span>et valu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n and th<span class=\"_ _0\"></span>e ec<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>omy<span class=\"_ _0\"></span>; an<span class=\"_ _0\"></span>d physi<span class=\"_ _0\"></span>cal r<span class=\"_ _0\"></span>isks f<span class=\"_ _0\"></span>rom th<span class=\"_ _0\"></span>e imp<span class=\"_ _0\"></span>act o<span class=\"_ _0\"></span>n ass<span class=\"_ _0\"></span>et ho<span class=\"_ _0\"></span>ldin<span class=\"_ _0\"></span>gs as a res<span class=\"_ _0\"></span>ult of se<span class=\"_ _0\"></span>vere weat<span class=\"_ _0\"></span>her e<span class=\"_ _0\"></span>vents a<span class=\"_ _0\"></span>nd lon<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>r-ter<span class=\"_ _0\"></span>m shif<span class=\"_ _0\"></span>ts in cli<span class=\"_ _0\"></span>mate.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p has in<span class=\"_ _0\"></span>tegrate<span class=\"_ _0\"></span>d clim<span class=\"_ _0\"></span>ate risk ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt in<span class=\"_ _0\"></span>to its gove<span class=\"_ _0\"></span>rna<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e fram<span class=\"_ _0\"></span>ewor<span class=\"_ _0\"></span>k and h<span class=\"_ _0\"></span>as ca<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>ied o<span class=\"_ _0\"></span>ut a d<span class=\"_ _0\"></span>etail<span class=\"_ _0\"></span>ed as<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>sme<span class=\"_ _0\"></span>nt of how we c<span class=\"_ _0\"></span>oul<span class=\"_ _0\"></span>d exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t climate ris<span class=\"_ _0\"></span>k to <span class=\"_ _1\"></span>em<span class=\"_ _0\"></span>erg<span class=\"_ _0\"></span>e acros<span class=\"_ _0\"></span>s our bus<span class=\"_ _0\"></span>ines<span class=\"_ _0\"></span>s mod<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>. The Gr<span class=\"_ _0\"></span>oup ris<span class=\"_ _0\"></span>k mitig<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n strateg<span class=\"_ _0\"></span>y inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>es set<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>folio ca<span class=\"_ _0\"></span>rb<span class=\"_ _0\"></span>on inten<span class=\"_ _0\"></span>sit<span class=\"_ _0\"></span>y targ<span class=\"_ _0\"></span>ets<span class=\"_ _0\"></span>, integr<span class=\"_ _0\"></span>atin<span class=\"_ _0\"></span>g car<span class=\"_ _0\"></span>bon c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ols into the inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt pro<span class=\"_ _0\"></span>ces<span class=\"_ _0\"></span>ses thr<span class=\"_ _0\"></span>oug<span class=\"_ _0\"></span>h stock excl<span class=\"_ _0\"></span>usio<span class=\"_ _0\"></span>ns and hig<span class=\"_ _0\"></span>h car<span class=\"_ _0\"></span>bo<span class=\"_ _0\"></span>n escal<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n, co<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ate engag<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent an<span class=\"_ _0\"></span>d impl<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ing hig<span class=\"_ _0\"></span>h ener<span class=\"_ _0\"></span>gy ef<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>icie<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>y stan<span class=\"_ _0\"></span>dards in<span class=\"_ _0\"></span>to the Group\u2019s dire<span class=\"_ _0\"></span>ctl<span class=\"_ _0\"></span>y owned c<span class=\"_ _0\"></span>omm<span class=\"_ _0\"></span>erc<span class=\"_ _0\"></span>ial pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y and ho<span class=\"_ _0\"></span>usin<span class=\"_ _0\"></span>g busin<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>es.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Group is co<span class=\"_ _0\"></span>mm<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ted to net zero, tar<span class=\"_ _0\"></span>geti<span class=\"_ _0\"></span>ng a 1<span class=\"_ _1\"></span>.5\u00b0C \u2018P<span class=\"_ _0\"></span>ari<span class=\"_ _0\"></span>s\u2019 outc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e. In orde<span class=\"_ _0\"></span>r to meet it<span class=\"_ _0\"></span>s enviro<span class=\"_ _0\"></span>nme<span class=\"_ _0\"></span>ntal g<span class=\"_ _0\"></span>oals<span class=\"_ _0\"></span>, the Gro<span class=\"_ _0\"></span>up has set for its<span class=\"_ _0\"></span>elf<span class=\"_ _0\"></span> a<span class=\"_ gsec\"> </span>num<span class=\"_ _0\"></span>ber of met<span class=\"_ _0\"></span>ric<span class=\"_ _0\"></span>s and tar<span class=\"_ _0\"></span>gets<span class=\"_ _0\"></span>, cle<span class=\"_ _0\"></span>arl<span class=\"_ _0\"></span>y linked wi<span class=\"_ _0\"></span>th its busi<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>s strate<span class=\"_ _0\"></span>gy and ris<span class=\"_ _0\"></span>k mana<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ent c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>rols<span class=\"_ _0\"></span>. The<span class=\"_ _0\"></span>se are base<span class=\"_ _0\"></span>d on a three<span class=\"_ _3\"></span>-<span class=\"_ _0\"></span>pilla<span class=\"_ _0\"></span>r clim<span class=\"_ _0\"></span>ate<span class=\"_ gsec\"> </span>strateg<span class=\"_ _0\"></span>y enc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pas<span class=\"_ _0\"></span>sing \u2018<span class=\"_ _0\"></span>Invest<span class=\"_ _0\"></span>, Inf<span class=\"_ _0\"></span>lue<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e and Op<span class=\"_ _0\"></span>erate\u2019. Metri<span class=\"_ _0\"></span>cs and ta<span class=\"_ _0\"></span>rgets have be<span class=\"_ _0\"></span>en d<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>d aroun<span class=\"_ _0\"></span>d the Grou<span class=\"_ _0\"></span>p\u2019s oper<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>nal car<span class=\"_ _0\"></span>bo<span class=\"_ _0\"></span>n footpr<span class=\"_ _0\"></span>int<span class=\"_ _0\"></span>, invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t por<span class=\"_ _3\"></span>tfoli<span class=\"_ _0\"></span>o eco<span class=\"_ _0\"></span>no<span class=\"_ _0\"></span>mic c<span class=\"_ _0\"></span>arb<span class=\"_ _0\"></span>on inten<span class=\"_ _0\"></span>sit<span class=\"_ _0\"></span>y, and impli<span class=\"_ _0\"></span>ed po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>folio tem<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>rature ali<span class=\"_ _0\"></span>gnm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>ese are be<span class=\"_ _0\"></span>ing tar<span class=\"_ _0\"></span>geted th<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>gh the de<span class=\"_ _0\"></span>car<span class=\"_ _0\"></span>bo<span class=\"_ _0\"></span>nisat<span class=\"_ _0\"></span>ion of the Gro<span class=\"_ _0\"></span>up\u2019s balan<span class=\"_ _0\"></span>ce she<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>, invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts in clea<span class=\"_ _0\"></span>n ene<span class=\"_ _0\"></span>rgy an<span class=\"_ _0\"></span>d star<span class=\"_ _3\"></span>t-u<span class=\"_ _0\"></span>ps<span class=\"_ _0\"></span>, develo<span class=\"_ _0\"></span>pm<span class=\"_ _0\"></span>ent of clim<span class=\"_ _0\"></span>ate frie<span class=\"_ _0\"></span>ndly inve<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent pro<span class=\"_ _0\"></span>du<span class=\"_ _0\"></span>cts<span class=\"_ _0\"></span>, and foc<span class=\"_ _0\"></span>us on own ope<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>. The G<span class=\"_ _0\"></span>roup als<span class=\"_ _0\"></span>o cont<span class=\"_ _0\"></span>inue<span class=\"_ _0\"></span>s to leverag<span class=\"_ _0\"></span>e its infl<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span>nce as a larg<span class=\"_ _0\"></span>e investor to addres<span class=\"_ _0\"></span>s the fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>ciall<span class=\"_ _0\"></span>y materi<span class=\"_ _0\"></span>al issu<span class=\"_ _0\"></span>es of<span class=\"_ gsec\"> </span>clima<span class=\"_ _0\"></span>te chang<span class=\"_ _0\"></span>e and nature lo<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Sc<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ari<span class=\"_ _0\"></span>o analys<span class=\"_ _0\"></span>is is per<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>d to help und<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>stan<span class=\"_ _0\"></span>d the str<span class=\"_ _0\"></span>ategic im<span class=\"_ _0\"></span>pli<span class=\"_ _0\"></span>catio<span class=\"_ _0\"></span>ns of poss<span class=\"_ _0\"></span>ibl<span class=\"_ _0\"></span>e climate pathways<span class=\"_ _0\"></span>, incl<span class=\"_ _0\"></span>udin<span class=\"_ _0\"></span>g the key features of a tran<span class=\"_ _0\"></span>siti<span class=\"_ _0\"></span>on to a net zero eco<span class=\"_ _0\"></span>no<span class=\"_ _0\"></span>my<span class=\"_ _1\"></span>. Plausi<span class=\"_ _0\"></span>ble sc<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ari<span class=\"_ _0\"></span>os have bee<span class=\"_ _0\"></span>n devel<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>ed bas<span class=\"_ _0\"></span>ed on es<span class=\"_ _0\"></span>timati<span class=\"_ _0\"></span>ons of how the en<span class=\"_ _0\"></span>erg<span class=\"_ _0\"></span>y system may evo<span class=\"_ _0\"></span>lve over the nex<span class=\"_ _0\"></span>t 3<span class=\"_ _0\"></span>0 years<span class=\"_ _0\"></span>, usin<span class=\"_ _0\"></span>g the mos<span class=\"_ _0\"></span>t rec<span class=\"_ _0\"></span>ent ca<span class=\"_ _0\"></span>rb<span class=\"_ _0\"></span>on bu<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>ts from th<span class=\"_ _0\"></span>e Intergove<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>tal Pan<span class=\"_ _0\"></span>el on Cli<span class=\"_ _0\"></span>mate Chan<span class=\"_ _0\"></span>ge\u2019s Six<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h Ass<span class=\"_ _0\"></span>essm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t Repo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t (A<span class=\"_ _0\"></span>R6) and inc<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>rated latest dat<span class=\"_ _0\"></span>a on tech<span class=\"_ _0\"></span>nol<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>y cost<span class=\"_ _0\"></span>s. Th<span class=\"_ _0\"></span>ese in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>de t<span class=\"_ _0\"></span>wo diffe<span class=\"_ _0\"></span>rent pat<span class=\"_ _0\"></span>hways to <span class=\"_ _1\"></span>\u2018<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>low 2\u00b0C<span class=\"_ _0\"></span>\u2019, and a scen<span class=\"_ _0\"></span>ari<span class=\"_ _0\"></span>o assum<span class=\"_ _0\"></span>ing ac<span class=\"_ _0\"></span>hieve<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt of net zero. Give<span class=\"_ _0\"></span>n the Gro<span class=\"_ _0\"></span>up\u2019s long<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>m climate risk re<span class=\"_ _0\"></span>lates to transit<span class=\"_ _0\"></span>ion ris<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>, a four<span class=\"_ _0\"></span>th sc<span class=\"_ _0\"></span>ena<span class=\"_ _0\"></span>rio as<span class=\"_ _0\"></span>sumi<span class=\"_ _0\"></span>ng glo<span class=\"_ _0\"></span>bal failu<span class=\"_ _0\"></span>re to act on climate cha<span class=\"_ _0\"></span>nge an<span class=\"_ _0\"></span>d emis<span class=\"_ _0\"></span>sio<span class=\"_ _0\"></span>ns grow<span class=\"_ _0\"></span>th at histor<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>al rates has be<span class=\"_ _0\"></span>en mo<span class=\"_ _0\"></span>del<span class=\"_ _0\"></span>led<span class=\"_ _0\"></span>, bu<span class=\"_ _0\"></span>t the impa<span class=\"_ _0\"></span>cts have not be<span class=\"_ _0\"></span>en ap<span class=\"_ _0\"></span>plie<span class=\"_ _0\"></span>d to our por<span class=\"_ _3\"></span>tfoli<span class=\"_ _0\"></span>o. Su<span class=\"_ _0\"></span>ch imp<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>s are drive<span class=\"_ _0\"></span>n by physi<span class=\"_ _0\"></span>cal ris<span class=\"_ _0\"></span>ks whic<span class=\"_ _0\"></span>h tend to be highly lo<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>lise<span class=\"_ _0\"></span>d and mani<span class=\"_ _0\"></span>fest fur<span class=\"_ _3\"></span>ther in<span class=\"_ _0\"></span>to the futu<span class=\"_ _0\"></span>re and are the<span class=\"_ _0\"></span>refore mor<span class=\"_ _0\"></span>e unce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ain.<span class=\"_ _3b2\"> </span>In prep<span class=\"_ _0\"></span>arin<span class=\"_ _0\"></span>g the co<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>lidated f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al statem<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span>, the Gr<span class=\"_ _0\"></span>oup has c<span class=\"_ _0\"></span>onsi<span class=\"_ _0\"></span>dere<span class=\"_ _0\"></span>d the im<span class=\"_ _0\"></span>pac<span class=\"_ _0\"></span>t of climate chan<span class=\"_ _0\"></span>ge, an<span class=\"_ _0\"></span>d in par<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>cul<span class=\"_ _0\"></span>ar the tra<span class=\"_ _0\"></span>nsit<span class=\"_ _0\"></span>ion to a lower ca<span class=\"_ _0\"></span>rb<span class=\"_ _0\"></span>on ec<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>omy, on the valuati<span class=\"_ _0\"></span>on of the Gro<span class=\"_ _0\"></span>up\u2019s assets an<span class=\"_ _0\"></span>d liabili<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>. In the S<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ategic re<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>, with addi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal infor<span class=\"_ _0\"></span>matio<span class=\"_ _0\"></span>n in the Gro<span class=\"_ _0\"></span>up\u2019s Clim<span class=\"_ _0\"></span>ate and nature rep<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>t, we have set out in de<span class=\"_ _0\"></span>tail the var<span class=\"_ _0\"></span>iou<span class=\"_ _0\"></span>s risks an<span class=\"_ _0\"></span>d opp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>uni<span class=\"_ _0\"></span>ties that are c<span class=\"_ _0\"></span>reated by this tran<span class=\"_ _0\"></span>siti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>, and how the<span class=\"_ _0\"></span>y may impac<span class=\"_ _0\"></span>t the Gro<span class=\"_ _0\"></span>up acr<span class=\"_ _0\"></span>oss var<span class=\"_ _0\"></span>ious ti<span class=\"_ _0\"></span>me ho<span class=\"_ _0\"></span>rizons<span class=\"_ _0\"></span>. In line wi<span class=\"_ _0\"></span>th the rec<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>ndati<span class=\"_ _0\"></span>ons of the T<span class=\"_ _1\"></span>ask Force o<span class=\"_ _0\"></span>n Climate<span class=\"_ _0\"></span>-<span class=\"_ _3\"></span>related Fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial Dis<span class=\"_ _0\"></span>clo<span class=\"_ _0\"></span>sure<span class=\"_ _0\"></span>s, we have fur<span class=\"_ _3\"></span>ther de<span class=\"_ _0\"></span>sc<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>ed the res<span class=\"_ _0\"></span>ilie<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e of the Group\u2019s strate<span class=\"_ _0\"></span>gy, taking in<span class=\"_ _0\"></span>to consid<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n dif<span class=\"_ _0\"></span>ferent cl<span class=\"_ _0\"></span>imate<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>elated sc<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ario<span class=\"_ _0\"></span>s, as de<span class=\"_ _0\"></span>scr<span class=\"_ _0\"></span>ibe<span class=\"_ _0\"></span>d above<span class=\"_ _0\"></span>. The<span class=\"_ _0\"></span>re is no one si<span class=\"_ _0\"></span>ngle sc<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ari<span class=\"_ _0\"></span>o that und<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>pins th<span class=\"_ _0\"></span>e fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial statem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s. Th<span class=\"_ _0\"></span>e sce<span class=\"_ _0\"></span>nar<span class=\"_ _0\"></span>ios he<span class=\"_ _0\"></span>lp chal<span class=\"_ _0\"></span>len<span class=\"_ _0\"></span>ge the G<span class=\"_ _0\"></span>roup\u2019s per<span class=\"_ _0\"></span>sp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tives on th<span class=\"_ _0\"></span>e futu<span class=\"_ _0\"></span>re busi<span class=\"_ _0\"></span>ness an<span class=\"_ _0\"></span>d ec<span class=\"_ _0\"></span>ono<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>c enviro<span class=\"_ _0\"></span>nme<span class=\"_ _0\"></span>nt as a resul<span class=\"_ _0\"></span>t of the transi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n to <span class=\"_ _1\"></span>a lower ca<span class=\"_ _0\"></span>rb<span class=\"_ _0\"></span>on ec<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>omy, inclu<span class=\"_ _0\"></span>ding c<span class=\"_ _0\"></span>onsi<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of events that may be onl<span class=\"_ _0\"></span>y remotel<span class=\"_ _0\"></span>y pos<span class=\"_ _0\"></span>sibl<span class=\"_ _0\"></span>e. As a resul<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>, the sce<span class=\"_ _0\"></span>nar<span class=\"_ _0\"></span>ios cove<span class=\"_ _0\"></span>red are not in<span class=\"_ _0\"></span>tende<span class=\"_ _0\"></span>d to be predi<span class=\"_ _0\"></span>ctio<span class=\"_ _0\"></span>ns of likely fu<span class=\"_ _0\"></span>ture even<span class=\"_ _0\"></span>ts or outc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>es and are not th<span class=\"_ _0\"></span>e basis on whic<span class=\"_ _0\"></span>h the Gro<span class=\"_ _0\"></span>up\u2019s cons<span class=\"_ _0\"></span>olid<span class=\"_ _0\"></span>ated fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial sta<span class=\"_ _0\"></span>teme<span class=\"_ _0\"></span>nts have bee<span class=\"_ _0\"></span>n prep<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>d.<span class=\"_ _3b2\"> </span>At the cur<span class=\"_ _0\"></span>rent tim<span class=\"_ _0\"></span>e, th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p does n<span class=\"_ _0\"></span>ot cons<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>r climate ris<span class=\"_ _0\"></span>k to <span class=\"_ _1\"></span>rep<span class=\"_ _0\"></span>rese<span class=\"_ _0\"></span>nt a signif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant are<span class=\"_ _0\"></span>a of judge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t or of estimat<span class=\"_ _0\"></span>ion un<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>int<span class=\"_ _0\"></span>y. As at 31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>24, no mater<span class=\"_ _0\"></span>ial imp<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>s on the Gro<span class=\"_ _0\"></span>up\u2019s fina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al posi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n, no<span class=\"_ _0\"></span>r on the valu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of assets or liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es on the G<span class=\"_ _0\"></span>roup\u2019s Co<span class=\"_ _0\"></span>nsol<span class=\"_ _0\"></span>idated<span class=\"_ _0\"></span> Bala<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e She<span class=\"_ _0\"></span>et as a resul<span class=\"_ _0\"></span>t of climate chan<span class=\"_ _0\"></span>ge ris<span class=\"_ _0\"></span>k have bee<span class=\"_ _0\"></span>n iden<span class=\"_ _0\"></span>tif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d. In arr<span class=\"_ _0\"></span>ivi<span class=\"_ _0\"></span>ng at this deter<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>natio<span class=\"_ _0\"></span>n, th<span class=\"_ _0\"></span>e Group ha<span class=\"_ _0\"></span>s in par<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>cula<span class=\"_ _0\"></span>r taken into acc<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nt the followi<span class=\"_ _0\"></span>ng areas of judg<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>, whic<span class=\"_ _0\"></span>h we consi<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r to <span class=\"_ _1\"></span>be th<span class=\"_ _0\"></span>ose mos<span class=\"_ _0\"></span>t exp<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>d to the potential imp<span class=\"_ _0\"></span>act of clim<span class=\"_ _0\"></span>ate chang<span class=\"_ _0\"></span>e in the prep<span class=\"_ _0\"></span>arati<span class=\"_ _0\"></span>on of the fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial st<span class=\"_ _0\"></span>ateme<span class=\"_ _0\"></span>nts:<span class=\"_ _3b2\"> </span>Goi<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g conc<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>n a<span class=\"_ _0\"></span>nd v<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>bi<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span>In prep<span class=\"_ _0\"></span>arin<span class=\"_ _0\"></span>g the co<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>lidated f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al statem<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span>, the di<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>tors are req<span class=\"_ _0\"></span>uire<span class=\"_ _0\"></span>d to assess the Gro<span class=\"_ _0\"></span>up\u2019s abili<span class=\"_ _0\"></span>ty to con<span class=\"_ _0\"></span>tinu<span class=\"_ _0\"></span>e as a going co<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>n, by tak<span class=\"_ _0\"></span>ing into acc<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nt all availabl<span class=\"_ _0\"></span>e inform<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n related to at least 1<span class=\"_ _1\"></span>2 mont<span class=\"_ _0\"></span>hs from th<span class=\"_ _0\"></span>e date of <span class=\"_ _1\"></span>the<span class=\"_ _0\"></span>ir app<span class=\"_ _0\"></span>roval. Ad<span class=\"_ _0\"></span>diti<span class=\"_ _0\"></span>onal<span class=\"_ _0\"></span>ly, the prepar<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of the viab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y st<span class=\"_ _0\"></span>ateme<span class=\"_ _0\"></span>nt takes into con<span class=\"_ _0\"></span>side<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>on the Gro<span class=\"_ _0\"></span>up\u2019s overall bu<span class=\"_ _0\"></span>sine<span class=\"_ _0\"></span>ss mo<span class=\"_ _0\"></span>del an<span class=\"_ _0\"></span>d strateg<span class=\"_ _0\"></span>y, f<span class=\"_ _1\"></span>ore<span class=\"_ _0\"></span>cas<span class=\"_ _0\"></span>t fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>ial stre<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>th and resi<span class=\"_ _0\"></span>lien<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>, and the<span class=\"_ _0\"></span> liqui<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>y prof<span class=\"_ _0\"></span>ile over th<span class=\"_ _0\"></span>e plan<span class=\"_ _0\"></span>ning ho<span class=\"_ _0\"></span>rizo<span class=\"_ _0\"></span>n. Clim<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>rel<span class=\"_ _0\"></span>ated mat<span class=\"_ _0\"></span>ters have be<span class=\"_ _0\"></span>en c<span class=\"_ _0\"></span>onsi<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>red as par<span class=\"_ _3\"></span>t of <span class=\"_ _1\"></span>the<span class=\"_ _0\"></span>se asse<span class=\"_ _0\"></span>ssm<span class=\"_ _0\"></span>ents an<span class=\"_ _0\"></span>d have not bee<span class=\"_ _0\"></span>n de<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>d to create material un<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tai<span class=\"_ _0\"></span>ntie<span class=\"_ _0\"></span>s as to <span class=\"_ _1\"></span>the<span class=\"_ _0\"></span>ir con<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>sio<span class=\"_ _0\"></span>ns or to require sp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ic disc<span class=\"_ _0\"></span>losu<span class=\"_ _0\"></span>re.<span class=\"_ _3b2\"> </span>V<span class=\"_ _1\"></span>aluat<span class=\"_ _0\"></span>ion of L<span class=\"_ _0\"></span>evel <span class=\"ls1\">3</span> f<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>l i<span class=\"_ _0\"></span>nves<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ments a<span class=\"_ _0\"></span>nd i<span class=\"_ _0\"></span>nve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ment pro<span class=\"_ _0\"></span>per<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e valuati<span class=\"_ _0\"></span>on of unqu<span class=\"_ _0\"></span>oted illiqu<span class=\"_ _0\"></span>id asset<span class=\"_ _0\"></span>s and invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ty has b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n sepa<span class=\"_ _0\"></span>rately id<span class=\"_ _0\"></span>enti<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ed as an area of signif<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>can<span class=\"_ _0\"></span>t estim<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n unce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>aint<span class=\"_ _0\"></span>y. Th<span class=\"_ _0\"></span>e assum<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>ns use<span class=\"_ _0\"></span>d in the mod<span class=\"_ _0\"></span>els un<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>pin<span class=\"_ _0\"></span>nin<span class=\"_ _0\"></span>g these as<span class=\"_ _0\"></span>sets\u2019 val<span class=\"_ _0\"></span>uatio<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>, suc<span class=\"_ _0\"></span>h as cash fl<span class=\"_ _0\"></span>ows forec<span class=\"_ _0\"></span>asts<span class=\"_ _0\"></span>, disc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t rates, and m<span class=\"_ _0\"></span>ulti<span class=\"_ _0\"></span>ples<span class=\"_ _0\"></span>, are of<span class=\"_ _0\"></span>ten uno<span class=\"_ _0\"></span>bse<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vab<span class=\"_ _0\"></span>le. Du<span class=\"_ _0\"></span>e to the nee<span class=\"_ _0\"></span>d to apply sign<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ica<span class=\"_ _0\"></span>nt judg<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s, the<span class=\"_ _0\"></span>se assu<span class=\"_ _0\"></span>mpti<span class=\"_ _0\"></span>ons ca<span class=\"_ _0\"></span>n be impa<span class=\"_ _0\"></span>cted by tran<span class=\"_ _0\"></span>siti<span class=\"_ _0\"></span>on ris<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>, with cli<span class=\"_ _0\"></span>mate related inp<span class=\"_ _0\"></span>uts<span class=\"_ _0\"></span> gaini<span class=\"_ _0\"></span>ng mo<span class=\"_ _0\"></span>re trac<span class=\"_ _0\"></span>tion (e.g. co<span class=\"_ _0\"></span>nst<span class=\"_ _0\"></span>ruc<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n meth<span class=\"_ _0\"></span>ods an<span class=\"_ _0\"></span>d materi<span class=\"_ _0\"></span>als, E<span class=\"_ _0\"></span>PC ra<span class=\"_ _0\"></span>tings<span class=\"_ _0\"></span>, ES<span class=\"_ _0\"></span>G cre<span class=\"_ _0\"></span>den<span class=\"_ _0\"></span>tials an<span class=\"_ _0\"></span>d climate resili<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ce). This is par<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>cula<span class=\"_ _0\"></span>rly re<span class=\"_ _0\"></span>levan<span class=\"_ _0\"></span>t for the Gro<span class=\"_ _0\"></span>up\u2019s direc<span class=\"_ _0\"></span>t investm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s por<span class=\"_ _3\"></span>tfoli<span class=\"_ _0\"></span>o, inc<span class=\"_ _0\"></span>ludi<span class=\"_ _0\"></span>ng alter<span class=\"_ _0\"></span>nati<span class=\"_ _0\"></span>ve assets<span class=\"_ _0\"></span>. Wh<span class=\"_ _0\"></span>ere po<span class=\"_ _0\"></span>ssib<span class=\"_ _0\"></span>le, th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p\u2019s assets are valu<span class=\"_ _0\"></span>ed usin<span class=\"_ _0\"></span>g stan<span class=\"_ _0\"></span>dard ma<span class=\"_ _0\"></span>rket pri<span class=\"_ _0\"></span>cin<span class=\"_ _0\"></span>g sourc<span class=\"_ _0\"></span>es or ap<span class=\"_ _0\"></span>prop<span class=\"_ _0\"></span>riate<span class=\"_ _0\"></span>ly quali<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ed ex<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>nal valu<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s, an<span class=\"_ _0\"></span>d therefo<span class=\"_ _0\"></span>re refle<span class=\"_ _0\"></span>ct c<span class=\"_ _0\"></span>urre<span class=\"_ _0\"></span>nt mar<span class=\"_ _0\"></span>ket senti<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts arou<span class=\"_ _0\"></span>nd clim<span class=\"_ _0\"></span>ate risk<span class=\"_ _0\"></span>. In this resp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t mar<span class=\"_ _0\"></span>ket and investor ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ctat<span class=\"_ _0\"></span>ions have also b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n evolv<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>, with gre<span class=\"_ _0\"></span>ater dem<span class=\"_ _0\"></span>and towards ne<span class=\"_ _0\"></span>t zero<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>alig<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>d assets<span class=\"_ _0\"></span>, and away from tra<span class=\"_ _0\"></span>diti<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>l car<span class=\"_ _0\"></span>bo<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>inten<span class=\"_ _0\"></span>sive me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>ds, im<span class=\"_ _0\"></span>pac<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g expe<span class=\"_ _0\"></span>cted inves<span class=\"_ _0\"></span>tor retur<span class=\"_ _0\"></span>ns and th<span class=\"_ _0\"></span>erefore dis<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>unt rates and mu<span class=\"_ _0\"></span>lti<span class=\"_ _0\"></span>ples<span class=\"_ _0\"></span>. E<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>osu<span class=\"_ _0\"></span>re to the risks of climate cha<span class=\"_ _0\"></span>nge is mini<span class=\"_ _0\"></span>mise<span class=\"_ _0\"></span>d throu<span class=\"_ _0\"></span>gh rig<span class=\"_ _0\"></span>oro<span class=\"_ _0\"></span>us asse<span class=\"_ _0\"></span>ssm<span class=\"_ _0\"></span>ent of potent<span class=\"_ _0\"></span>ial invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts and ac<span class=\"_ _0\"></span>tive mo<span class=\"_ _0\"></span>nitor<span class=\"_ _0\"></span>ing of the ca<span class=\"_ _0\"></span>rb<span class=\"_ _0\"></span>on intens<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y of the cur<span class=\"_ _0\"></span>rent p<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>tfolio<span class=\"_ _0\"></span>. Addi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nall<span class=\"_ _0\"></span>y, <span class=\"_ _1\"></span>invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ties are bei<span class=\"_ _0\"></span>ng revi<span class=\"_ _0\"></span>ewed by ind<span class=\"_ _0\"></span>epe<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>ent thi<span class=\"_ _0\"></span>rd par<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, where ap<span class=\"_ _0\"></span>plic<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le, wi<span class=\"_ _0\"></span>th rega<span class=\"_ _0\"></span>rds to potential retr<span class=\"_ _0\"></span>ofi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ting<span class=\"_ _0\"></span>, to help redu<span class=\"_ _0\"></span>ce c<span class=\"_ _0\"></span>arb<span class=\"_ _0\"></span>on em<span class=\"_ _0\"></span>issi<span class=\"_ _0\"></span>ons and ma<span class=\"_ _0\"></span>ke them mo<span class=\"_ _0\"></span>re eff<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>cie<span class=\"_ _0\"></span>nt and sus<span class=\"_ _0\"></span>tain<span class=\"_ _0\"></span>able for th<span class=\"_ _0\"></span>e futu<span class=\"_ _0\"></span>re. As<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t i<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ment a<span class=\"_ _0\"></span>nd re<span class=\"_ _0\"></span>sidua<span class=\"_ _0\"></span>l e<span class=\"_ _0\"></span>conom<span class=\"_ _0\"></span>ic l<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>fe<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>yi<span class=\"_ _0\"></span>ng valu<span class=\"_ _0\"></span>e of goodw<span class=\"_ _0\"></span>ill, int<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>ible an<span class=\"_ _0\"></span>d cer<span class=\"_ _3\"></span>tain tan<span class=\"_ _0\"></span>gibl<span class=\"_ _0\"></span>e asse<span class=\"_ _0\"></span>ts on the Co<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>lidate<span class=\"_ _0\"></span>d Balan<span class=\"_ _0\"></span>ce S<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>et whic<span class=\"_ _0\"></span>h are subj<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t to impair<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t testin<span class=\"_ _0\"></span>g<span class=\"_ gsec\"> </span>cou<span class=\"_ _0\"></span>ld be af<span class=\"_ _0\"></span>fecte<span class=\"_ _0\"></span>d by climate chan<span class=\"_ _0\"></span>ge ris<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>. For examp<span class=\"_ _0\"></span>le, inve<span class=\"_ _0\"></span>ntor<span class=\"_ _0\"></span>y may be<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ome o<span class=\"_ _0\"></span>bsol<span class=\"_ _0\"></span>ete or rest<span class=\"_ _0\"></span>ric<span class=\"_ _0\"></span>ted, c<span class=\"_ _0\"></span>ausin<span class=\"_ _0\"></span>g selli<span class=\"_ _0\"></span>ng pri<span class=\"_ _0\"></span>ces to de<span class=\"_ _0\"></span>clin<span class=\"_ _0\"></span>e or<span class=\"_ gsec\"> </span>th<span class=\"_ _0\"></span>eir co<span class=\"_ _0\"></span>sts of com<span class=\"_ _0\"></span>ple<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n to <span class=\"_ _1\"></span>inc<span class=\"_ _0\"></span>reas<span class=\"_ _0\"></span>e. If, as a result, th<span class=\"_ _0\"></span>e cos<span class=\"_ _0\"></span>t of inventorie<span class=\"_ _0\"></span>s is not recove<span class=\"_ _0\"></span>rab<span class=\"_ _0\"></span>le, th<span class=\"_ _0\"></span>ey would ne<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d to be writ<span class=\"_ _0\"></span>ten down to their<span class=\"_ _0\"></span> net<span class=\"_ gsec\"> </span>re<span class=\"_ _0\"></span>alisa<span class=\"_ _0\"></span>ble valu<span class=\"_ _0\"></span>e. Prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ty, plant and e<span class=\"_ _0\"></span>quip<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>, right-<span class=\"_ _3\"></span>of-u<span class=\"_ _0\"></span>se asse<span class=\"_ _0\"></span>ts, go<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>will and int<span class=\"_ _0\"></span>angi<span class=\"_ _0\"></span>ble as<span class=\"_ _0\"></span>sets may se<span class=\"_ _0\"></span>e thei<span class=\"_ _0\"></span>r recove<span class=\"_ _0\"></span>rab<span class=\"_ _0\"></span>le amo<span class=\"_ _0\"></span>unt de<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>rease in lig<span class=\"_ _0\"></span>ht of climate cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>, and sign<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ica<span class=\"_ _0\"></span>nt chan<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>s in the enviro<span class=\"_ _0\"></span>nm<span class=\"_ _0\"></span>ent (in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>g for exampl<span class=\"_ _0\"></span>e chan<span class=\"_ _0\"></span>ges in re<span class=\"_ _0\"></span>gulati<span class=\"_ _0\"></span>on) in which the G<span class=\"_ _0\"></span>roup o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>ates, wh<span class=\"_ _0\"></span>ere adve<span class=\"_ _0\"></span>rse<span class=\"_ _0\"></span> ef<span class=\"_ _0\"></span>fects c<span class=\"_ _0\"></span>an repre<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>t an indic<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of impair<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>. The es<span class=\"_ _0\"></span>timat<span class=\"_ _0\"></span>ion of rec<span class=\"_ _0\"></span>overa<span class=\"_ _0\"></span>ble am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t as \u2018valu<span class=\"_ _0\"></span>e in use\u2019 req<span class=\"_ _0\"></span>uires an ass<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt of future<span class=\"_ _0\"></span> exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted cash f<span class=\"_ _0\"></span>lows base<span class=\"_ _0\"></span>d on assu<span class=\"_ _0\"></span>mpti<span class=\"_ _0\"></span>ons poten<span class=\"_ _0\"></span>tiall<span class=\"_ _0\"></span>y affec<span class=\"_ _0\"></span>ted by climate rela<span class=\"_ _0\"></span>ted mat<span class=\"_ _0\"></span>ters<span class=\"_ _0\"></span>, par<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>icu<span class=\"_ _0\"></span>larl<span class=\"_ _0\"></span>y for goo<span class=\"_ _0\"></span>dwill an<span class=\"_ _0\"></span>d intan<span class=\"_ _0\"></span>gibl<span class=\"_ _0\"></span>e asse<span class=\"_ _0\"></span>ts,<span class=\"_ _0\"></span> whic<span class=\"_ _0\"></span>h<span class=\"_ gsec\"> </span>are subj<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t to a <span class=\"_ _1\"></span>high<span class=\"_ _0\"></span>er de<span class=\"_ _0\"></span>gre<span class=\"_ _0\"></span>e of judge<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt. W<span class=\"_ _0\"></span>here as<span class=\"_ _0\"></span>sets are su<span class=\"_ _0\"></span>bje<span class=\"_ _0\"></span>ct to amor<span class=\"_ _3\"></span>tisatio<span class=\"_ _0\"></span>n or dep<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>iatio<span class=\"_ _0\"></span>n, c<span class=\"_ _0\"></span>onsi<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>ratio<span class=\"_ _0\"></span>n nee<span class=\"_ _0\"></span>ds to be given<span class=\"_ _0\"></span> to<span class=\"_ gsec\"> </span>wheth<span class=\"_ _0\"></span>er cli<span class=\"_ _0\"></span>mate risk sug<span class=\"_ _0\"></span>ges<span class=\"_ _0\"></span>ts that the res<span class=\"_ _0\"></span>idu<span class=\"_ _0\"></span>al eco<span class=\"_ _0\"></span>no<span class=\"_ _0\"></span>mic life is sho<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ter tha<span class=\"_ _0\"></span>n antici<span class=\"_ _0\"></span>pated<span class=\"_ _0\"></span>, whic<span class=\"_ _0\"></span>h would give ri<span class=\"_ _0\"></span>se to increas<span class=\"_ _0\"></span>ed ch<span class=\"_ _0\"></span>arge<span class=\"_ _0\"></span>s in the inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e statem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>. Due to the natur<span class=\"_ _0\"></span>e of the Group\u2019s asset<span class=\"_ _0\"></span>s, we do not antic<span class=\"_ _0\"></span>ipate any materi<span class=\"_ _0\"></span>al addi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts or inc<span class=\"_ _0\"></span>rease<span class=\"_ _0\"></span>d amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n and<span class=\"_ gsec\"> </span>d<span class=\"_ _0\"></span>epre<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>ation c<span class=\"_ _0\"></span>harg<span class=\"_ _0\"></span>es to arise from cl<span class=\"_ _0\"></span>imate cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>. Risks will co<span class=\"_ _0\"></span>ntin<span class=\"_ _0\"></span>ue to be moni<span class=\"_ _0\"></span>tored ag<span class=\"_ _0\"></span>ains<span class=\"_ _0\"></span>t judg<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ents an<span class=\"_ _0\"></span>d estim<span class=\"_ _0\"></span>ates used in th<span class=\"_ _0\"></span>e asse<span class=\"_ _0\"></span>ssm<span class=\"_ _0\"></span>ent of impa<span class=\"_ _0\"></span>irm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>. In<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nce cont<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t l<span class=\"_ _0\"></span>iabi<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p\u2019s insur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts a<span class=\"_ _0\"></span>re value<span class=\"_ _0\"></span>d usi<span class=\"_ _0\"></span>ng dis<span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>nt rates d<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>ved f<span class=\"_ _0\"></span>rom th<span class=\"_ _0\"></span>e bac<span class=\"_ _0\"></span>ki<span class=\"_ _0\"></span>ng ass<span class=\"_ _0\"></span>et po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>foli<span class=\"_ _0\"></span>os wit<span class=\"_ _0\"></span>h de<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns mad<span class=\"_ _0\"></span>e to remove risks<span class=\"_ gsec\"> </span>t<span class=\"_ _0\"></span>hat are pres<span class=\"_ _0\"></span>ent in the as<span class=\"_ _0\"></span>sets bu<span class=\"_ _0\"></span>t are not rele<span class=\"_ _0\"></span>vant to the insu<span class=\"_ _0\"></span>ranc<span class=\"_ _0\"></span>e liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y. Climate<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>lated ris<span class=\"_ _0\"></span>ks cou<span class=\"_ _0\"></span>ld impa<span class=\"_ _0\"></span>ct on th<span class=\"_ _0\"></span>e Group<span class=\"_ _0\"></span>\u2019s exposur<span class=\"_ _0\"></span>e to<span class=\"_ gsec\"> </span>futu<span class=\"_ _0\"></span>re credi<span class=\"_ _0\"></span>t los<span class=\"_ _0\"></span>ses whi<span class=\"_ _0\"></span>ch would im<span class=\"_ _0\"></span>pac<span class=\"_ _0\"></span>t on the ap<span class=\"_ _0\"></span>prop<span class=\"_ _0\"></span>ria<span class=\"_ _0\"></span>te yield de<span class=\"_ _0\"></span>du<span class=\"_ _0\"></span>ctio<span class=\"_ _0\"></span>ns in the dis<span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>nt rate calc<span class=\"_ _0\"></span>ulati<span class=\"_ _0\"></span>on and th<span class=\"_ _0\"></span>erefore th<span class=\"_ _0\"></span>e insur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e contrac<span class=\"_ _0\"></span>t valuations.<span class=\"_ _3b2\"> </span>Pr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>ision<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>nd cont<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ngent l<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>bi<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ies<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e reco<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n, me<span class=\"_ _0\"></span>asure<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt and dis<span class=\"_ _0\"></span>clo<span class=\"_ _0\"></span>sure of provisi<span class=\"_ _0\"></span>ons an<span class=\"_ _0\"></span>d cont<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>ent lia<span class=\"_ _0\"></span>bilit<span class=\"_ _0\"></span>ies is subj<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t to setti<span class=\"_ _0\"></span>ng assu<span class=\"_ _0\"></span>mpti<span class=\"_ _0\"></span>ons aro<span class=\"_ _0\"></span>und fu<span class=\"_ _0\"></span>ture eve<span class=\"_ _0\"></span>nts and the pro<span class=\"_ _0\"></span>bab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y of thei<span class=\"_ _0\"></span>r occ<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>e. Cli<span class=\"_ _0\"></span>mate<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>lated mat<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>s cou<span class=\"_ _0\"></span>ld affe<span class=\"_ _0\"></span>ct the<span class=\"_ _0\"></span>se ele<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts<span class=\"_ _0\"></span>, for exampl<span class=\"_ _0\"></span>e by requir<span class=\"_ _0\"></span>ing re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>tion o<span class=\"_ _0\"></span>r disclo<span class=\"_ _0\"></span>sure of a leg<span class=\"_ _0\"></span>al oblig<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n (<span class=\"_ _1\"></span>e.g. levi<span class=\"_ _0\"></span>es impo<span class=\"_ _0\"></span>sed for failing cli<span class=\"_ _0\"></span>mate related target<span class=\"_ _0\"></span>s) <span class=\"_ _1\"></span>or of <span class=\"_ _1\"></span>a cons<span class=\"_ _0\"></span>tru<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ve obligat<span class=\"_ _0\"></span>ion (e.g. require<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts to <span class=\"_ _1\"></span>rem<span class=\"_ _0\"></span>edia<span class=\"_ _0\"></span>te <span class=\"_ _1\"></span>envi<span class=\"_ _0\"></span>ron<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>tal<span class=\"_ _0\"></span> dama<span class=\"_ _0\"></span>ge cau<span class=\"_ _0\"></span>sed by the G<span class=\"_ _0\"></span>roup\u2019s ope<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>ons an<span class=\"_ _0\"></span>d investm<span class=\"_ _0\"></span>ent p<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>foli<span class=\"_ _0\"></span>os). Def<span class=\"_ _1\"></span>erred tax asse<span class=\"_ _1\"></span>ts<span class=\"_ _3b2\"> </span>Defer<span class=\"_ _0\"></span>red ta<span class=\"_ _0\"></span>x asse<span class=\"_ _0\"></span>ts are rec<span class=\"_ _0\"></span>ogni<span class=\"_ _0\"></span>sed for de<span class=\"_ _0\"></span>du<span class=\"_ _0\"></span>ctib<span class=\"_ _0\"></span>le temp<span class=\"_ _0\"></span>ora<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>es and un<span class=\"_ _0\"></span>use<span class=\"_ _0\"></span>d tax los<span class=\"_ _0\"></span>ses an<span class=\"_ _0\"></span>d credi<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>, to the exten<span class=\"_ _0\"></span>t it is proba<span class=\"_ _0\"></span>ble that fu<span class=\"_ _0\"></span>tur<span class=\"_ _0\"></span>e taxa<span class=\"_ _0\"></span>ble prof<span class=\"_ _0\"></span>it wil<span class=\"_ _0\"></span>l be availabl<span class=\"_ _0\"></span>e, aga<span class=\"_ _0\"></span>inst whi<span class=\"_ _0\"></span>ch th<span class=\"_ _0\"></span>ose am<span class=\"_ _0\"></span>ount<span class=\"_ _0\"></span>s can be ut<span class=\"_ _0\"></span>ilise<span class=\"_ _0\"></span>d. Cli<span class=\"_ _0\"></span>mate<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>lated mat<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>s coul<span class=\"_ _0\"></span>d affec<span class=\"_ _0\"></span>t the Gro<span class=\"_ _0\"></span>up\u2019s estim<span class=\"_ _0\"></span>ate of <span class=\"_ _1\"></span>fu<span class=\"_ _0\"></span>ture taxa<span class=\"_ _0\"></span>ble prof<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>s, and th<span class=\"_ _0\"></span>erefo<span class=\"_ _0\"></span>re it may be requ<span class=\"_ _0\"></span>ired to dere<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>e deferr<span class=\"_ _0\"></span>ed tax as<span class=\"_ _0\"></span>sets pre<span class=\"_ _0\"></span>vio<span class=\"_ _0\"></span>usly o<span class=\"_ _0\"></span>n the bala<span class=\"_ _0\"></span>nce sh<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t.<span class=\"_ _3b2\"> </span>Share<span class=\"_ _0\"></span>-based payments<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p\u2019s per<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rma<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e share p<span class=\"_ _0\"></span>lans p<span class=\"_ _0\"></span>rovid<span class=\"_ _0\"></span>e a dire<span class=\"_ _0\"></span>ct an<span class=\"_ _0\"></span>d tra<span class=\"_ _0\"></span>nspa<span class=\"_ _0\"></span>rent li<span class=\"_ _0\"></span>nk b<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n execu<span class=\"_ _0\"></span>tive p<span class=\"_ _0\"></span>ay and th<span class=\"_ _0\"></span>e de<span class=\"_ _0\"></span>liver<span class=\"_ _3\"></span>y of share<span class=\"_ _0\"></span>hol<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r retur<span class=\"_ _0\"></span>ns over t<span class=\"_ _0\"></span>he lon<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>r-ter<span class=\"_ _0\"></span>m. Th<span class=\"_ _0\"></span>ey are a con<span class=\"_ _0\"></span>diti<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>l award of shares subj<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t to <span class=\"_ _1\"></span>a per<span class=\"_ _3\"></span>forma<span class=\"_ _0\"></span>nce p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>od of at least th<span class=\"_ _0\"></span>ree yea<span class=\"_ _0\"></span>rs. Pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>man<span class=\"_ _0\"></span>ce me<span class=\"_ _0\"></span>tri<span class=\"_ _0\"></span>cs for the Gr<span class=\"_ _0\"></span>oup\u2019s share pl<span class=\"_ _0\"></span>ans are now cle<span class=\"_ _0\"></span>arl<span class=\"_ _0\"></span>y linked to ES<span class=\"_ _0\"></span>G metr<span class=\"_ _0\"></span>ics<span class=\"_ _0\"></span>. As su<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>, the ef<span class=\"_ _0\"></span>fect<span class=\"_ _0\"></span>s of climate chan<span class=\"_ _0\"></span>ge co<span class=\"_ _0\"></span>uld have an impa<span class=\"_ _0\"></span>ct on am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t and timin<span class=\"_ _0\"></span>g, re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n and me<span class=\"_ _0\"></span>asure<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt of amou<span class=\"_ _0\"></span>nts in the Gro<span class=\"_ _0\"></span>up\u2019s inco<span class=\"_ _0\"></span>me st<span class=\"_ _0\"></span>ateme<span class=\"_ _0\"></span>nt and state<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt of comp<span class=\"_ _0\"></span>reh<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>ve inc<span class=\"_ _0\"></span>ome<span class=\"_ _0\"></span>. Fin<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l i<span class=\"_ _0\"></span>nst<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ments<span class=\"_ _3b2\"> </span>E<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted cre<span class=\"_ _0\"></span>dit los<span class=\"_ _0\"></span>ses are re<span class=\"_ _0\"></span>quire<span class=\"_ _0\"></span>d to be reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed on re<span class=\"_ _0\"></span>cei<span class=\"_ _0\"></span>vabl<span class=\"_ _0\"></span>es and c<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ain f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span>, repr<span class=\"_ _0\"></span>ese<span class=\"_ _0\"></span>nting th<span class=\"_ _0\"></span>e cou<span class=\"_ _0\"></span>nterp<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>\u2019s prob<span class=\"_ _0\"></span>abili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ gsec\"> </span>of defaul<span class=\"_ _0\"></span>t over a cer<span class=\"_ _3\"></span>tain time ho<span class=\"_ _0\"></span>rizo<span class=\"_ _0\"></span>n. Clim<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>rel<span class=\"_ _0\"></span>ated mat<span class=\"_ _0\"></span>ters may af<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t the Grou<span class=\"_ _0\"></span>p\u2019s exposu<span class=\"_ _0\"></span>re to these los<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>, for exampl<span class=\"_ _0\"></span>e by<span class=\"_ gsec\"> </span>neg<span class=\"_ _0\"></span>ative<span class=\"_ _0\"></span>ly affe<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ng the bo<span class=\"_ _0\"></span>rrowe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>\u2019s abilit<span class=\"_ _0\"></span>y to mee<span class=\"_ _0\"></span>t thei<span class=\"_ _0\"></span>r oblig<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns, o<span class=\"_ _0\"></span>r by affect<span class=\"_ _0\"></span>ing assu<span class=\"_ _0\"></span>mpti<span class=\"_ _0\"></span>ons us<span class=\"_ _0\"></span>ed in the mo<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>ls ado<span class=\"_ _0\"></span>pted to estimate exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted cred<span class=\"_ _0\"></span>it los<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEnvironmentRelatedExpenseExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-627": {
   "value": "Con<span class=\"_ _0\"></span>sol<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>ation pr<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>iples<span class=\"_ _3b2\"> </span>Subsidiar<span class=\"_ _0\"></span>y under<span class=\"_ _0\"></span>takings Th<span class=\"_ _0\"></span>e cons<span class=\"_ _0\"></span>olid<span class=\"_ _0\"></span>ated fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial st<span class=\"_ _0\"></span>ateme<span class=\"_ _0\"></span>nts inc<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>rate the asse<span class=\"_ _0\"></span>ts, lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>, equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y, inco<span class=\"_ _0\"></span>me, ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nses an<span class=\"_ _0\"></span>d cash f<span class=\"_ _0\"></span>lows of the com<span class=\"_ _0\"></span>pany an<span class=\"_ _0\"></span>d of its subsi<span class=\"_ _0\"></span>diar<span class=\"_ _3\"></span>y unde<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>kin<span class=\"_ _0\"></span>gs drawn up to 31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r each yea<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>. All intr<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>gro<span class=\"_ _0\"></span>up bala<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>es, tr<span class=\"_ _0\"></span>ansa<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>, inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e and exp<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>es are elim<span class=\"_ _0\"></span>inated in ful<span class=\"_ _0\"></span>l. Su<span class=\"_ _0\"></span>bsidi<span class=\"_ _0\"></span>arie<span class=\"_ _0\"></span>s are thos<span class=\"_ _0\"></span>e entit<span class=\"_ _0\"></span>ies (in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>ding sp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>cial pu<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>ose ent<span class=\"_ _0\"></span>itie<span class=\"_ _0\"></span>s, mu<span class=\"_ _0\"></span>tual fu<span class=\"_ _0\"></span>nds an<span class=\"_ _0\"></span>d unit tr<span class=\"_ _0\"></span>usts) over whic<span class=\"_ _0\"></span>h the Grou<span class=\"_ _0\"></span>p dire<span class=\"_ _0\"></span>ctly o<span class=\"_ _0\"></span>r indire<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ly has con<span class=\"_ _0\"></span>trol (i<span class=\"_ _0\"></span>.e. whe<span class=\"_ _0\"></span>n the Grou<span class=\"_ _0\"></span>p is expo<span class=\"_ _0\"></span>sed<span class=\"_ _0\"></span>, or has rig<span class=\"_ _0\"></span>hts<span class=\"_ _0\"></span>, to variabl<span class=\"_ _0\"></span>e retur<span class=\"_ _0\"></span>ns from it<span class=\"_ _0\"></span>s involve<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t with the inves<span class=\"_ _0\"></span>tee and has th<span class=\"_ _0\"></span>e abili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y to a<span class=\"_ _1\"></span>f<span class=\"_ _0\"></span>fect th<span class=\"_ _0\"></span>ose retur<span class=\"_ _0\"></span>ns thro<span class=\"_ _0\"></span>ugh i<span class=\"_ _0\"></span>ts power over the inve<span class=\"_ _0\"></span>stee) (Note 4<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>). Busi<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>s com<span class=\"_ _0\"></span>bina<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s are acc<span class=\"_ _0\"></span>ounte<span class=\"_ _0\"></span>d for by apply<span class=\"_ _0\"></span>ing the ac<span class=\"_ _0\"></span>quis<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>n met<span class=\"_ _0\"></span>hod of acc<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>ntin<span class=\"_ _0\"></span>g, whi<span class=\"_ _0\"></span>ch req<span class=\"_ _0\"></span>uires th<span class=\"_ _0\"></span>e Group to rec<span class=\"_ _0\"></span>ord th<span class=\"_ _0\"></span>e ident<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>iabl<span class=\"_ _0\"></span>e asse<span class=\"_ _0\"></span>ts and liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es of the acqu<span class=\"_ _0\"></span>ired bu<span class=\"_ _0\"></span>sin<span class=\"_ _0\"></span>ess at fair valu<span class=\"_ _0\"></span>e on the date of acquisi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n. T<span class=\"_ _0\"></span>he exces<span class=\"_ _0\"></span>s of the fair value of acqu<span class=\"_ _0\"></span>isiti<span class=\"_ _0\"></span>on co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ation<span class=\"_ _0\"></span> over<span class=\"_ gsec\"> </span>th<span class=\"_ _0\"></span>e reco<span class=\"_ _0\"></span>rde<span class=\"_ _0\"></span>d value of the ass<span class=\"_ _0\"></span>ets and lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ties of the ac<span class=\"_ _0\"></span>quire<span class=\"_ _0\"></span>d enti<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y is reco<span class=\"_ _0\"></span>rde<span class=\"_ _0\"></span>d on the sta<span class=\"_ _0\"></span>teme<span class=\"_ _0\"></span>nt of fina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l posi<span class=\"_ _0\"></span>tion as go<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>will. Pr<span class=\"_ _0\"></span>ofi<span class=\"_ _0\"></span>ts or<span class=\"_ gsec\"> </span>lo<span class=\"_ _0\"></span>sses of subs<span class=\"_ _0\"></span>idia<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y und<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>taki<span class=\"_ _0\"></span>ngs sol<span class=\"_ _0\"></span>d or acq<span class=\"_ _0\"></span>uire<span class=\"_ _0\"></span>d duri<span class=\"_ _0\"></span>ng the yea<span class=\"_ _0\"></span>r are inclu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d in the co<span class=\"_ _0\"></span>nsol<span class=\"_ _0\"></span>idated res<span class=\"_ _0\"></span>ults up to the date of dispos<span class=\"_ _0\"></span>al or from<span class=\"_ _0\"></span> the<span class=\"_ gsec\"> </span>da<span class=\"_ _0\"></span>te of <span class=\"_ _1\"></span>gaini<span class=\"_ _0\"></span>ng co<span class=\"_ _0\"></span>ntro<span class=\"_ _0\"></span>l. Put<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e instr<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ents h<span class=\"_ _0\"></span>eld by ex<span class=\"_ _0\"></span>tern<span class=\"_ _0\"></span>al par<span class=\"_ _3\"></span>ties in co<span class=\"_ _0\"></span>nsoli<span class=\"_ _0\"></span>dated inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt vehi<span class=\"_ _0\"></span>cle<span class=\"_ _0\"></span>s, su<span class=\"_ _0\"></span>ch as uni<span class=\"_ _0\"></span>t trus<span class=\"_ _0\"></span>ts, are cl<span class=\"_ _0\"></span>assif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d as liabil<span class=\"_ _0\"></span>itie<span class=\"_ _0\"></span>s and app<span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span> as<span class=\"_ gsec\"> </span>\u2018<span class=\"_ _0\"></span>Net ass<span class=\"_ _0\"></span>et valu<span class=\"_ _0\"></span>e att<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>uta<span class=\"_ _0\"></span>ble to unit ho<span class=\"_ _0\"></span>lde<span class=\"_ _0\"></span>rs\u2019 in th<span class=\"_ _0\"></span>e Co<span class=\"_ _0\"></span>nsoli<span class=\"_ _0\"></span>dated Ba<span class=\"_ _0\"></span>lan<span class=\"_ _0\"></span>ce Sh<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t.<span class=\"_ _0\"></span> Associates and joint<span class=\"_ _1\"></span> ventures Ass<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>iates are enti<span class=\"_ _0\"></span>ties over wh<span class=\"_ _0\"></span>ich th<span class=\"_ _0\"></span>e Group ha<span class=\"_ _0\"></span>s signif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant inf<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>e bu<span class=\"_ _0\"></span>t which i<span class=\"_ _0\"></span>t does n<span class=\"_ _0\"></span>ot cont<span class=\"_ _0\"></span>rol. I<span class=\"_ _0\"></span>t is presum<span class=\"_ _0\"></span>ed that th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p has signi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>can<span class=\"_ _0\"></span>t infl<span class=\"_ _0\"></span>uen<span class=\"_ _0\"></span>ce wh<span class=\"_ _0\"></span>ere it has b<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n 20% an<span class=\"_ _0\"></span>d 50<span class=\"_ _0\"></span>% of the voting rig<span class=\"_ _0\"></span>hts in the inves<span class=\"_ _0\"></span>tee unl<span class=\"_ _0\"></span>ess in<span class=\"_ _0\"></span>dic<span class=\"_ _0\"></span>ated othe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>wise. J<span class=\"_ _0\"></span>oint ven<span class=\"_ _0\"></span>tures are en<span class=\"_ _0\"></span>titi<span class=\"_ _0\"></span>es whe<span class=\"_ _0\"></span>re the Grou<span class=\"_ _0\"></span>p and othe<span class=\"_ _0\"></span>r par<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies have joint c<span class=\"_ _0\"></span>ontro<span class=\"_ _0\"></span>l over the<span class=\"_ _0\"></span>ir acti<span class=\"_ _0\"></span>vit<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e Group ha<span class=\"_ _0\"></span>s interest<span class=\"_ _0\"></span>s in asso<span class=\"_ _0\"></span>ciates and joi<span class=\"_ _0\"></span>nt ventu<span class=\"_ _0\"></span>res (Note 41<span class=\"_ _1\"></span>) <span class=\"_ _1\"></span>whic<span class=\"_ _0\"></span>h form par<span class=\"_ _3\"></span>t of an investme<span class=\"_ _0\"></span>nt por<span class=\"_ _3\"></span>tfol<span class=\"_ _0\"></span>io hel<span class=\"_ _0\"></span>d throu<span class=\"_ _0\"></span>gh pri<span class=\"_ _0\"></span>vate equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y vehic<span class=\"_ _0\"></span>les<span class=\"_ _0\"></span>, mut<span class=\"_ _0\"></span>ual fun<span class=\"_ _0\"></span>ds<span class=\"_ _0\"></span>, unit tr<span class=\"_ _0\"></span>usts an<span class=\"_ _0\"></span>d simila<span class=\"_ _0\"></span>r enti<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>. In acc<span class=\"_ _0\"></span>orda<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e with the c<span class=\"_ _0\"></span>hoi<span class=\"_ _0\"></span>ce pe<span class=\"_ _0\"></span>rmi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ted by IA<span class=\"_ _0\"></span>S 28<span class=\"_ _0\"></span>, \u2018Inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ents in A<span class=\"_ _0\"></span>sso<span class=\"_ _0\"></span>ciates an<span class=\"_ _0\"></span>d Joint Ventur<span class=\"_ _0\"></span>es\u2019, thes<span class=\"_ _0\"></span>e interes<span class=\"_ _0\"></span>ts have bee<span class=\"_ _0\"></span>n class<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ied as fair valu<span class=\"_ _0\"></span>e thro<span class=\"_ _0\"></span>ugh prof<span class=\"_ _0\"></span>it o<span class=\"_ _0\"></span>r loss and m<span class=\"_ _0\"></span>easu<span class=\"_ _0\"></span>red at fair valu<span class=\"_ _0\"></span>e within f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al investm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts, wi<span class=\"_ _0\"></span>th chan<span class=\"_ _0\"></span>ges in<span class=\"_ _0\"></span> fair<span class=\"_ gsec\"> </span>valu<span class=\"_ _0\"></span>e rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ised in th<span class=\"_ _0\"></span>e Co<span class=\"_ _0\"></span>nsoli<span class=\"_ _0\"></span>dated In<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me S<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>. Ass<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>iates and join<span class=\"_ _0\"></span>t venture<span class=\"_ _0\"></span>s whic<span class=\"_ _0\"></span>h do not form par<span class=\"_ _3\"></span>t of an investme<span class=\"_ _0\"></span>nt por<span class=\"_ _3\"></span>tfol<span class=\"_ _0\"></span>io are init<span class=\"_ _0\"></span>ially re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed in the C<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>olid<span class=\"_ _0\"></span>ated Bala<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e She<span class=\"_ _0\"></span>et at co<span class=\"_ _0\"></span>st.<span class=\"_ _0\"></span> Go<span class=\"_ _0\"></span>odwil<span class=\"_ _0\"></span>l arisin<span class=\"_ _0\"></span>g on the ac<span class=\"_ _0\"></span>quisi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of these asso<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>ates or joint ven<span class=\"_ _0\"></span>tures is inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>ed wi<span class=\"_ _0\"></span>thin the c<span class=\"_ _0\"></span>arr<span class=\"_ _3\"></span>yin<span class=\"_ _0\"></span>g value of those inve<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>eir ca<span class=\"_ _0\"></span>rr<span class=\"_ _3\"></span>ying<span class=\"_ _0\"></span> amo<span class=\"_ _0\"></span>unt is inc<span class=\"_ _0\"></span>reas<span class=\"_ _0\"></span>ed or de<span class=\"_ _0\"></span>cre<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>d to reflec<span class=\"_ _0\"></span>t the Gro<span class=\"_ _0\"></span>up\u2019s share of total comp<span class=\"_ _0\"></span>reh<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>ve inc<span class=\"_ _0\"></span>ome af<span class=\"_ _0\"></span>ter th<span class=\"_ _0\"></span>e date of <span class=\"_ _1\"></span>the ac<span class=\"_ _0\"></span>quisi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n. W<span class=\"_ _0\"></span>here th<span class=\"_ _0\"></span>e car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>yi<span class=\"_ _0\"></span>ng amo<span class=\"_ _0\"></span>unt of an asso<span class=\"_ _0\"></span>ciate or join<span class=\"_ _0\"></span>t venture is grea<span class=\"_ _0\"></span>ter than its es<span class=\"_ _0\"></span>timate<span class=\"_ _0\"></span>d recove<span class=\"_ _0\"></span>rab<span class=\"_ _0\"></span>le amo<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>, whic<span class=\"_ _0\"></span>h is the high<span class=\"_ _0\"></span>er of the asse<span class=\"_ _0\"></span>ts fair value le<span class=\"_ _0\"></span>ss cos<span class=\"_ _0\"></span>ts of disp<span class=\"_ _0\"></span>osal an<span class=\"_ _0\"></span>d value in use<span class=\"_ _0\"></span>, it is wri<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ten down imm<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>ately to its rec<span class=\"_ _0\"></span>overa<span class=\"_ _0\"></span>ble am<span class=\"_ _0\"></span>ount<span class=\"_ _0\"></span>, wit<span class=\"_ _0\"></span>h an impair<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt los<span class=\"_ _0\"></span>s rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ised in th<span class=\"_ _0\"></span>e Con<span class=\"_ _0\"></span>soli<span class=\"_ _0\"></span>dated Income <span class=\"_ _1\"></span>Statemen<span class=\"_ _1\"></span>t.<span class=\"_ _3b2\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfConsolidationExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-669": {
   "value": "Subsidiar<span class=\"_ _0\"></span>y under<span class=\"_ _0\"></span>takings Th<span class=\"_ _0\"></span>e cons<span class=\"_ _0\"></span>olid<span class=\"_ _0\"></span>ated fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial st<span class=\"_ _0\"></span>ateme<span class=\"_ _0\"></span>nts inc<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>rate the asse<span class=\"_ _0\"></span>ts, lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>, equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y, inco<span class=\"_ _0\"></span>me, ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nses an<span class=\"_ _0\"></span>d cash f<span class=\"_ _0\"></span>lows of the com<span class=\"_ _0\"></span>pany an<span class=\"_ _0\"></span>d of its subsi<span class=\"_ _0\"></span>diar<span class=\"_ _3\"></span>y unde<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>kin<span class=\"_ _0\"></span>gs drawn up to 31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r each yea<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>. All intr<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>gro<span class=\"_ _0\"></span>up bala<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>es, tr<span class=\"_ _0\"></span>ansa<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>, inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e and exp<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>es are elim<span class=\"_ _0\"></span>inated in ful<span class=\"_ _0\"></span>l. Su<span class=\"_ _0\"></span>bsidi<span class=\"_ _0\"></span>arie<span class=\"_ _0\"></span>s are thos<span class=\"_ _0\"></span>e entit<span class=\"_ _0\"></span>ies (in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>ding sp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>cial pu<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>ose ent<span class=\"_ _0\"></span>itie<span class=\"_ _0\"></span>s, mu<span class=\"_ _0\"></span>tual fu<span class=\"_ _0\"></span>nds an<span class=\"_ _0\"></span>d unit tr<span class=\"_ _0\"></span>usts) over whic<span class=\"_ _0\"></span>h the Grou<span class=\"_ _0\"></span>p dire<span class=\"_ _0\"></span>ctly o<span class=\"_ _0\"></span>r indire<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ly has con<span class=\"_ _0\"></span>trol (i<span class=\"_ _0\"></span>.e. whe<span class=\"_ _0\"></span>n the Grou<span class=\"_ _0\"></span>p is expo<span class=\"_ _0\"></span>sed<span class=\"_ _0\"></span>, or has rig<span class=\"_ _0\"></span>hts<span class=\"_ _0\"></span>, to variabl<span class=\"_ _0\"></span>e retur<span class=\"_ _0\"></span>ns from it<span class=\"_ _0\"></span>s involve<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t with the inves<span class=\"_ _0\"></span>tee and has th<span class=\"_ _0\"></span>e abili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y to a<span class=\"_ _1\"></span>f<span class=\"_ _0\"></span>fect th<span class=\"_ _0\"></span>ose retur<span class=\"_ _0\"></span>ns thro<span class=\"_ _0\"></span>ugh i<span class=\"_ _0\"></span>ts power over the inve<span class=\"_ _0\"></span>stee) (Note 4<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>). Busi<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>s com<span class=\"_ _0\"></span>bina<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s are acc<span class=\"_ _0\"></span>ounte<span class=\"_ _0\"></span>d for by apply<span class=\"_ _0\"></span>ing the ac<span class=\"_ _0\"></span>quis<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>n met<span class=\"_ _0\"></span>hod of acc<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>ntin<span class=\"_ _0\"></span>g, whi<span class=\"_ _0\"></span>ch req<span class=\"_ _0\"></span>uires th<span class=\"_ _0\"></span>e Group to rec<span class=\"_ _0\"></span>ord th<span class=\"_ _0\"></span>e ident<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>iabl<span class=\"_ _0\"></span>e asse<span class=\"_ _0\"></span>ts and liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es of the acqu<span class=\"_ _0\"></span>ired bu<span class=\"_ _0\"></span>sin<span class=\"_ _0\"></span>ess at fair valu<span class=\"_ _0\"></span>e on the date of acquisi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n. T<span class=\"_ _0\"></span>he exces<span class=\"_ _0\"></span>s of the fair value of acqu<span class=\"_ _0\"></span>isiti<span class=\"_ _0\"></span>on co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ation<span class=\"_ _0\"></span> over<span class=\"_ gsec\"> </span>th<span class=\"_ _0\"></span>e reco<span class=\"_ _0\"></span>rde<span class=\"_ _0\"></span>d value of the ass<span class=\"_ _0\"></span>ets and lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ties of the ac<span class=\"_ _0\"></span>quire<span class=\"_ _0\"></span>d enti<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y is reco<span class=\"_ _0\"></span>rde<span class=\"_ _0\"></span>d on the sta<span class=\"_ _0\"></span>teme<span class=\"_ _0\"></span>nt of fina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l posi<span class=\"_ _0\"></span>tion as go<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>will. Pr<span class=\"_ _0\"></span>ofi<span class=\"_ _0\"></span>ts or<span class=\"_ gsec\"> </span>lo<span class=\"_ _0\"></span>sses of subs<span class=\"_ _0\"></span>idia<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y und<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>taki<span class=\"_ _0\"></span>ngs sol<span class=\"_ _0\"></span>d or acq<span class=\"_ _0\"></span>uire<span class=\"_ _0\"></span>d duri<span class=\"_ _0\"></span>ng the yea<span class=\"_ _0\"></span>r are inclu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d in the co<span class=\"_ _0\"></span>nsol<span class=\"_ _0\"></span>idated res<span class=\"_ _0\"></span>ults up to the date of dispos<span class=\"_ _0\"></span>al or from<span class=\"_ _0\"></span> the<span class=\"_ gsec\"> </span>da<span class=\"_ _0\"></span>te of <span class=\"_ _1\"></span>gaini<span class=\"_ _0\"></span>ng co<span class=\"_ _0\"></span>ntro<span class=\"_ _0\"></span>l. Put<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e instr<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ents h<span class=\"_ _0\"></span>eld by ex<span class=\"_ _0\"></span>tern<span class=\"_ _0\"></span>al par<span class=\"_ _3\"></span>ties in co<span class=\"_ _0\"></span>nsoli<span class=\"_ _0\"></span>dated inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt vehi<span class=\"_ _0\"></span>cle<span class=\"_ _0\"></span>s, su<span class=\"_ _0\"></span>ch as uni<span class=\"_ _0\"></span>t trus<span class=\"_ _0\"></span>ts, are cl<span class=\"_ _0\"></span>assif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d as liabil<span class=\"_ _0\"></span>itie<span class=\"_ _0\"></span>s and app<span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span> as<span class=\"_ gsec\"> </span>\u2018<span class=\"_ _0\"></span>Net ass<span class=\"_ _0\"></span>et valu<span class=\"_ _0\"></span>e att<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>uta<span class=\"_ _0\"></span>ble to unit ho<span class=\"_ _0\"></span>lde<span class=\"_ _0\"></span>rs\u2019 in th<span class=\"_ _0\"></span>e Co<span class=\"_ _0\"></span>nsoli<span class=\"_ _0\"></span>dated Ba<span class=\"_ _0\"></span>lan<span class=\"_ _0\"></span>ce Sh<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t.<span class=\"_ _0\"></span> ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSubsidiariesExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-716": {
   "value": "Associates and joint<span class=\"_ _1\"></span> ventures Ass<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>iates are enti<span class=\"_ _0\"></span>ties over wh<span class=\"_ _0\"></span>ich th<span class=\"_ _0\"></span>e Group ha<span class=\"_ _0\"></span>s signif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant inf<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>e bu<span class=\"_ _0\"></span>t which i<span class=\"_ _0\"></span>t does n<span class=\"_ _0\"></span>ot cont<span class=\"_ _0\"></span>rol. I<span class=\"_ _0\"></span>t is presum<span class=\"_ _0\"></span>ed that th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p has signi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>can<span class=\"_ _0\"></span>t infl<span class=\"_ _0\"></span>uen<span class=\"_ _0\"></span>ce wh<span class=\"_ _0\"></span>ere it has b<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n 20% an<span class=\"_ _0\"></span>d 50<span class=\"_ _0\"></span>% of the voting rig<span class=\"_ _0\"></span>hts in the inves<span class=\"_ _0\"></span>tee unl<span class=\"_ _0\"></span>ess in<span class=\"_ _0\"></span>dic<span class=\"_ _0\"></span>ated othe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>wise. J<span class=\"_ _0\"></span>oint ven<span class=\"_ _0\"></span>tures are en<span class=\"_ _0\"></span>titi<span class=\"_ _0\"></span>es whe<span class=\"_ _0\"></span>re the Grou<span class=\"_ _0\"></span>p and othe<span class=\"_ _0\"></span>r par<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies have joint c<span class=\"_ _0\"></span>ontro<span class=\"_ _0\"></span>l over the<span class=\"_ _0\"></span>ir acti<span class=\"_ _0\"></span>vit<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e Group ha<span class=\"_ _0\"></span>s interest<span class=\"_ _0\"></span>s in asso<span class=\"_ _0\"></span>ciates and joi<span class=\"_ _0\"></span>nt ventu<span class=\"_ _0\"></span>res (Note 41<span class=\"_ _1\"></span>) <span class=\"_ _1\"></span>whic<span class=\"_ _0\"></span>h form par<span class=\"_ _3\"></span>t of an investme<span class=\"_ _0\"></span>nt por<span class=\"_ _3\"></span>tfol<span class=\"_ _0\"></span>io hel<span class=\"_ _0\"></span>d throu<span class=\"_ _0\"></span>gh pri<span class=\"_ _0\"></span>vate equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y vehic<span class=\"_ _0\"></span>les<span class=\"_ _0\"></span>, mut<span class=\"_ _0\"></span>ual fun<span class=\"_ _0\"></span>ds<span class=\"_ _0\"></span>, unit tr<span class=\"_ _0\"></span>usts an<span class=\"_ _0\"></span>d simila<span class=\"_ _0\"></span>r enti<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>. In acc<span class=\"_ _0\"></span>orda<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e with the c<span class=\"_ _0\"></span>hoi<span class=\"_ _0\"></span>ce pe<span class=\"_ _0\"></span>rmi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ted by IA<span class=\"_ _0\"></span>S 28<span class=\"_ _0\"></span>, \u2018Inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ents in A<span class=\"_ _0\"></span>sso<span class=\"_ _0\"></span>ciates an<span class=\"_ _0\"></span>d Joint Ventur<span class=\"_ _0\"></span>es\u2019, thes<span class=\"_ _0\"></span>e interes<span class=\"_ _0\"></span>ts have bee<span class=\"_ _0\"></span>n class<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ied as fair valu<span class=\"_ _0\"></span>e thro<span class=\"_ _0\"></span>ugh prof<span class=\"_ _0\"></span>it o<span class=\"_ _0\"></span>r loss and m<span class=\"_ _0\"></span>easu<span class=\"_ _0\"></span>red at fair valu<span class=\"_ _0\"></span>e within f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al investm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts, wi<span class=\"_ _0\"></span>th chan<span class=\"_ _0\"></span>ges in<span class=\"_ _0\"></span> fair<span class=\"_ gsec\"> </span>valu<span class=\"_ _0\"></span>e rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ised in th<span class=\"_ _0\"></span>e Co<span class=\"_ _0\"></span>nsoli<span class=\"_ _0\"></span>dated In<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me S<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>. Ass<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>iates and join<span class=\"_ _0\"></span>t venture<span class=\"_ _0\"></span>s whic<span class=\"_ _0\"></span>h do not form par<span class=\"_ _3\"></span>t of an investme<span class=\"_ _0\"></span>nt por<span class=\"_ _3\"></span>tfol<span class=\"_ _0\"></span>io are init<span class=\"_ _0\"></span>ially re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed in the C<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>olid<span class=\"_ _0\"></span>ated Bala<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e She<span class=\"_ _0\"></span>et at co<span class=\"_ _0\"></span>st.<span class=\"_ _0\"></span> Go<span class=\"_ _0\"></span>odwil<span class=\"_ _0\"></span>l arisin<span class=\"_ _0\"></span>g on the ac<span class=\"_ _0\"></span>quisi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of these asso<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>ates or joint ven<span class=\"_ _0\"></span>tures is inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>ed wi<span class=\"_ _0\"></span>thin the c<span class=\"_ _0\"></span>arr<span class=\"_ _3\"></span>yin<span class=\"_ _0\"></span>g value of those inve<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>eir ca<span class=\"_ _0\"></span>rr<span class=\"_ _3\"></span>ying<span class=\"_ _0\"></span> amo<span class=\"_ _0\"></span>unt is inc<span class=\"_ _0\"></span>reas<span class=\"_ _0\"></span>ed or de<span class=\"_ _0\"></span>cre<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>d to reflec<span class=\"_ _0\"></span>t the Gro<span class=\"_ _0\"></span>up\u2019s share of total comp<span class=\"_ _0\"></span>reh<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>ve inc<span class=\"_ _0\"></span>ome af<span class=\"_ _0\"></span>ter th<span class=\"_ _0\"></span>e date of <span class=\"_ _1\"></span>the ac<span class=\"_ _0\"></span>quisi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n. W<span class=\"_ _0\"></span>here th<span class=\"_ _0\"></span>e car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>yi<span class=\"_ _0\"></span>ng amo<span class=\"_ _0\"></span>unt of an asso<span class=\"_ _0\"></span>ciate or join<span class=\"_ _0\"></span>t venture is grea<span class=\"_ _0\"></span>ter than its es<span class=\"_ _0\"></span>timate<span class=\"_ _0\"></span>d recove<span class=\"_ _0\"></span>rab<span class=\"_ _0\"></span>le amo<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>, whic<span class=\"_ _0\"></span>h is the high<span class=\"_ _0\"></span>er of the asse<span class=\"_ _0\"></span>ts fair value le<span class=\"_ _0\"></span>ss cos<span class=\"_ _0\"></span>ts of disp<span class=\"_ _0\"></span>osal an<span class=\"_ _0\"></span>d value in use<span class=\"_ _0\"></span>, it is wri<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ten down imm<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>ately to its rec<span class=\"_ _0\"></span>overa<span class=\"_ _0\"></span>ble am<span class=\"_ _0\"></span>ount<span class=\"_ _0\"></span>, wit<span class=\"_ _0\"></span>h an impair<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt los<span class=\"_ _0\"></span>s rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ised in th<span class=\"_ _0\"></span>e Con<span class=\"_ _0\"></span>soli<span class=\"_ _0\"></span>dated Income <span class=\"_ _1\"></span>Statemen<span class=\"_ _1\"></span>t.<span class=\"_ _3b2\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentsInJointVentures",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-699": {
   "value": "Associates and joint<span class=\"_ _1\"></span> ventures Ass<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>iates are enti<span class=\"_ _0\"></span>ties over wh<span class=\"_ _0\"></span>ich th<span class=\"_ _0\"></span>e Group ha<span class=\"_ _0\"></span>s signif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant inf<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>e bu<span class=\"_ _0\"></span>t which i<span class=\"_ _0\"></span>t does n<span class=\"_ _0\"></span>ot cont<span class=\"_ _0\"></span>rol. I<span class=\"_ _0\"></span>t is presum<span class=\"_ _0\"></span>ed that th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p has signi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>can<span class=\"_ _0\"></span>t infl<span class=\"_ _0\"></span>uen<span class=\"_ _0\"></span>ce wh<span class=\"_ _0\"></span>ere it has b<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n 20% an<span class=\"_ _0\"></span>d 50<span class=\"_ _0\"></span>% of the voting rig<span class=\"_ _0\"></span>hts in the inves<span class=\"_ _0\"></span>tee unl<span class=\"_ _0\"></span>ess in<span class=\"_ _0\"></span>dic<span class=\"_ _0\"></span>ated othe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>wise. J<span class=\"_ _0\"></span>oint ven<span class=\"_ _0\"></span>tures are en<span class=\"_ _0\"></span>titi<span class=\"_ _0\"></span>es whe<span class=\"_ _0\"></span>re the Grou<span class=\"_ _0\"></span>p and othe<span class=\"_ _0\"></span>r par<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies have joint c<span class=\"_ _0\"></span>ontro<span class=\"_ _0\"></span>l over the<span class=\"_ _0\"></span>ir acti<span class=\"_ _0\"></span>vit<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e Group ha<span class=\"_ _0\"></span>s interest<span class=\"_ _0\"></span>s in asso<span class=\"_ _0\"></span>ciates and joi<span class=\"_ _0\"></span>nt ventu<span class=\"_ _0\"></span>res (Note 41<span class=\"_ _1\"></span>) <span class=\"_ _1\"></span>whic<span class=\"_ _0\"></span>h form par<span class=\"_ _3\"></span>t of an investme<span class=\"_ _0\"></span>nt por<span class=\"_ _3\"></span>tfol<span class=\"_ _0\"></span>io hel<span class=\"_ _0\"></span>d throu<span class=\"_ _0\"></span>gh pri<span class=\"_ _0\"></span>vate equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y vehic<span class=\"_ _0\"></span>les<span class=\"_ _0\"></span>, mut<span class=\"_ _0\"></span>ual fun<span class=\"_ _0\"></span>ds<span class=\"_ _0\"></span>, unit tr<span class=\"_ _0\"></span>usts an<span class=\"_ _0\"></span>d simila<span class=\"_ _0\"></span>r enti<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>. In acc<span class=\"_ _0\"></span>orda<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e with the c<span class=\"_ _0\"></span>hoi<span class=\"_ _0\"></span>ce pe<span class=\"_ _0\"></span>rmi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ted by IA<span class=\"_ _0\"></span>S 28<span class=\"_ _0\"></span>, \u2018Inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ents in A<span class=\"_ _0\"></span>sso<span class=\"_ _0\"></span>ciates an<span class=\"_ _0\"></span>d Joint Ventur<span class=\"_ _0\"></span>es\u2019, thes<span class=\"_ _0\"></span>e interes<span class=\"_ _0\"></span>ts have bee<span class=\"_ _0\"></span>n class<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ied as fair valu<span class=\"_ _0\"></span>e thro<span class=\"_ _0\"></span>ugh prof<span class=\"_ _0\"></span>it o<span class=\"_ _0\"></span>r loss and m<span class=\"_ _0\"></span>easu<span class=\"_ _0\"></span>red at fair valu<span class=\"_ _0\"></span>e within f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al investm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts, wi<span class=\"_ _0\"></span>th chan<span class=\"_ _0\"></span>ges in<span class=\"_ _0\"></span> fair<span class=\"_ gsec\"> </span>valu<span class=\"_ _0\"></span>e rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ised in th<span class=\"_ _0\"></span>e Co<span class=\"_ _0\"></span>nsoli<span class=\"_ _0\"></span>dated In<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me S<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>. Ass<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>iates and join<span class=\"_ _0\"></span>t venture<span class=\"_ _0\"></span>s whic<span class=\"_ _0\"></span>h do not form par<span class=\"_ _3\"></span>t of an investme<span class=\"_ _0\"></span>nt por<span class=\"_ _3\"></span>tfol<span class=\"_ _0\"></span>io are init<span class=\"_ _0\"></span>ially re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed in the C<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>olid<span class=\"_ _0\"></span>ated Bala<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e She<span class=\"_ _0\"></span>et at co<span class=\"_ _0\"></span>st.<span class=\"_ _0\"></span> Go<span class=\"_ _0\"></span>odwil<span class=\"_ _0\"></span>l arisin<span class=\"_ _0\"></span>g on the ac<span class=\"_ _0\"></span>quisi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of these asso<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>ates or joint ven<span class=\"_ _0\"></span>tures is inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>ed wi<span class=\"_ _0\"></span>thin the c<span class=\"_ _0\"></span>arr<span class=\"_ _3\"></span>yin<span class=\"_ _0\"></span>g value of those inve<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>eir ca<span class=\"_ _0\"></span>rr<span class=\"_ _3\"></span>ying<span class=\"_ _0\"></span> amo<span class=\"_ _0\"></span>unt is inc<span class=\"_ _0\"></span>reas<span class=\"_ _0\"></span>ed or de<span class=\"_ _0\"></span>cre<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>d to reflec<span class=\"_ _0\"></span>t the Gro<span class=\"_ _0\"></span>up\u2019s share of total comp<span class=\"_ _0\"></span>reh<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>ve inc<span class=\"_ _0\"></span>ome af<span class=\"_ _0\"></span>ter th<span class=\"_ _0\"></span>e date of <span class=\"_ _1\"></span>the ac<span class=\"_ _0\"></span>quisi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n. W<span class=\"_ _0\"></span>here th<span class=\"_ _0\"></span>e car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>yi<span class=\"_ _0\"></span>ng amo<span class=\"_ _0\"></span>unt of an asso<span class=\"_ _0\"></span>ciate or join<span class=\"_ _0\"></span>t venture is grea<span class=\"_ _0\"></span>ter than its es<span class=\"_ _0\"></span>timate<span class=\"_ _0\"></span>d recove<span class=\"_ _0\"></span>rab<span class=\"_ _0\"></span>le amo<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>, whic<span class=\"_ _0\"></span>h is the high<span class=\"_ _0\"></span>er of the asse<span class=\"_ _0\"></span>ts fair value le<span class=\"_ _0\"></span>ss cos<span class=\"_ _0\"></span>ts of disp<span class=\"_ _0\"></span>osal an<span class=\"_ _0\"></span>d value in use<span class=\"_ _0\"></span>, it is wri<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ten down imm<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>ately to its rec<span class=\"_ _0\"></span>overa<span class=\"_ _0\"></span>ble am<span class=\"_ _0\"></span>ount<span class=\"_ _0\"></span>, wit<span class=\"_ _0\"></span>h an impair<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt los<span class=\"_ _0\"></span>s rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ised in th<span class=\"_ _0\"></span>e Con<span class=\"_ _0\"></span>soli<span class=\"_ _0\"></span>dated Income <span class=\"_ _1\"></span>Statemen<span class=\"_ _1\"></span>t.<span class=\"_ _3b2\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentInAssociates",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-668": {
   "value": "Associates and joint<span class=\"_ _1\"></span> ventures Ass<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>iates are enti<span class=\"_ _0\"></span>ties over wh<span class=\"_ _0\"></span>ich th<span class=\"_ _0\"></span>e Group ha<span class=\"_ _0\"></span>s signif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant inf<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>e bu<span class=\"_ _0\"></span>t which i<span class=\"_ _0\"></span>t does n<span class=\"_ _0\"></span>ot cont<span class=\"_ _0\"></span>rol. I<span class=\"_ _0\"></span>t is presum<span class=\"_ _0\"></span>ed that th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p has signi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>can<span class=\"_ _0\"></span>t infl<span class=\"_ _0\"></span>uen<span class=\"_ _0\"></span>ce wh<span class=\"_ _0\"></span>ere it has b<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n 20% an<span class=\"_ _0\"></span>d 50<span class=\"_ _0\"></span>% of the voting rig<span class=\"_ _0\"></span>hts in the inves<span class=\"_ _0\"></span>tee unl<span class=\"_ _0\"></span>ess in<span class=\"_ _0\"></span>dic<span class=\"_ _0\"></span>ated othe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>wise. J<span class=\"_ _0\"></span>oint ven<span class=\"_ _0\"></span>tures are en<span class=\"_ _0\"></span>titi<span class=\"_ _0\"></span>es whe<span class=\"_ _0\"></span>re the Grou<span class=\"_ _0\"></span>p and othe<span class=\"_ _0\"></span>r par<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies have joint c<span class=\"_ _0\"></span>ontro<span class=\"_ _0\"></span>l over the<span class=\"_ _0\"></span>ir acti<span class=\"_ _0\"></span>vit<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e Group ha<span class=\"_ _0\"></span>s interest<span class=\"_ _0\"></span>s in asso<span class=\"_ _0\"></span>ciates and joi<span class=\"_ _0\"></span>nt ventu<span class=\"_ _0\"></span>res (Note 41<span class=\"_ _1\"></span>) <span class=\"_ _1\"></span>whic<span class=\"_ _0\"></span>h form par<span class=\"_ _3\"></span>t of an investme<span class=\"_ _0\"></span>nt por<span class=\"_ _3\"></span>tfol<span class=\"_ _0\"></span>io hel<span class=\"_ _0\"></span>d throu<span class=\"_ _0\"></span>gh pri<span class=\"_ _0\"></span>vate equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y vehic<span class=\"_ _0\"></span>les<span class=\"_ _0\"></span>, mut<span class=\"_ _0\"></span>ual fun<span class=\"_ _0\"></span>ds<span class=\"_ _0\"></span>, unit tr<span class=\"_ _0\"></span>usts an<span class=\"_ _0\"></span>d simila<span class=\"_ _0\"></span>r enti<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>. In acc<span class=\"_ _0\"></span>orda<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e with the c<span class=\"_ _0\"></span>hoi<span class=\"_ _0\"></span>ce pe<span class=\"_ _0\"></span>rmi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ted by IA<span class=\"_ _0\"></span>S 28<span class=\"_ _0\"></span>, \u2018Inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ents in A<span class=\"_ _0\"></span>sso<span class=\"_ _0\"></span>ciates an<span class=\"_ _0\"></span>d Joint Ventur<span class=\"_ _0\"></span>es\u2019, thes<span class=\"_ _0\"></span>e interes<span class=\"_ _0\"></span>ts have bee<span class=\"_ _0\"></span>n class<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ied as fair valu<span class=\"_ _0\"></span>e thro<span class=\"_ _0\"></span>ugh prof<span class=\"_ _0\"></span>it o<span class=\"_ _0\"></span>r loss and m<span class=\"_ _0\"></span>easu<span class=\"_ _0\"></span>red at fair valu<span class=\"_ _0\"></span>e within f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al investm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts, wi<span class=\"_ _0\"></span>th chan<span class=\"_ _0\"></span>ges in<span class=\"_ _0\"></span> fair<span class=\"_ gsec\"> </span>valu<span class=\"_ _0\"></span>e rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ised in th<span class=\"_ _0\"></span>e Co<span class=\"_ _0\"></span>nsoli<span class=\"_ _0\"></span>dated In<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me S<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>. Ass<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>iates and join<span class=\"_ _0\"></span>t venture<span class=\"_ _0\"></span>s whic<span class=\"_ _0\"></span>h do not form par<span class=\"_ _3\"></span>t of an investme<span class=\"_ _0\"></span>nt por<span class=\"_ _3\"></span>tfol<span class=\"_ _0\"></span>io are init<span class=\"_ _0\"></span>ially re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed in the C<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>olid<span class=\"_ _0\"></span>ated Bala<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e She<span class=\"_ _0\"></span>et at co<span class=\"_ _0\"></span>st.<span class=\"_ _0\"></span> Go<span class=\"_ _0\"></span>odwil<span class=\"_ _0\"></span>l arisin<span class=\"_ _0\"></span>g on the ac<span class=\"_ _0\"></span>quisi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of these asso<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>ates or joint ven<span class=\"_ _0\"></span>tures is inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>ed wi<span class=\"_ _0\"></span>thin the c<span class=\"_ _0\"></span>arr<span class=\"_ _3\"></span>yin<span class=\"_ _0\"></span>g value of those inve<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>eir ca<span class=\"_ _0\"></span>rr<span class=\"_ _3\"></span>ying<span class=\"_ _0\"></span> amo<span class=\"_ _0\"></span>unt is inc<span class=\"_ _0\"></span>reas<span class=\"_ _0\"></span>ed or de<span class=\"_ _0\"></span>cre<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>d to reflec<span class=\"_ _0\"></span>t the Gro<span class=\"_ _0\"></span>up\u2019s share of total comp<span class=\"_ _0\"></span>reh<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>ve inc<span class=\"_ _0\"></span>ome af<span class=\"_ _0\"></span>ter th<span class=\"_ _0\"></span>e date of <span class=\"_ _1\"></span>the ac<span class=\"_ _0\"></span>quisi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n. W<span class=\"_ _0\"></span>here th<span class=\"_ _0\"></span>e car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>yi<span class=\"_ _0\"></span>ng amo<span class=\"_ _0\"></span>unt of an asso<span class=\"_ _0\"></span>ciate or join<span class=\"_ _0\"></span>t venture is grea<span class=\"_ _0\"></span>ter than its es<span class=\"_ _0\"></span>timate<span class=\"_ _0\"></span>d recove<span class=\"_ _0\"></span>rab<span class=\"_ _0\"></span>le amo<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>, whic<span class=\"_ _0\"></span>h is the high<span class=\"_ _0\"></span>er of the asse<span class=\"_ _0\"></span>ts fair value le<span class=\"_ _0\"></span>ss cos<span class=\"_ _0\"></span>ts of disp<span class=\"_ _0\"></span>osal an<span class=\"_ _0\"></span>d value in use<span class=\"_ _0\"></span>, it is wri<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ten down imm<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>ately to its rec<span class=\"_ _0\"></span>overa<span class=\"_ _0\"></span>ble am<span class=\"_ _0\"></span>ount<span class=\"_ _0\"></span>, wit<span class=\"_ _0\"></span>h an impair<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt los<span class=\"_ _0\"></span>s rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ised in th<span class=\"_ _0\"></span>e Con<span class=\"_ _0\"></span>soli<span class=\"_ _0\"></span>dated Income <span class=\"_ _1\"></span>Statemen<span class=\"_ _1\"></span>t.<span class=\"_ _3b2\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentInAssociatesAndJointVenturesExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-628": {
   "value": "In<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nce cont<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>ts<span class=\"_ _3b2\"> </span>Long t<span class=\"_ _1\"></span>erm insurance<span class=\"_ _1\"></span> contracts \u2013<span class=\"_ _1\"></span> initial<span class=\"_ _1\"></span> measurement<span class=\"_ _3b2\"> </span>Insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts are co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>acts whi<span class=\"_ _0\"></span>ch tra<span class=\"_ _0\"></span>nsfer sig<span class=\"_ _0\"></span>nif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce ris<span class=\"_ _0\"></span>k to the insure<span class=\"_ _0\"></span>r at the ince<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>n of the cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t. T<span class=\"_ _0\"></span>his is the cas<span class=\"_ _0\"></span>e if, and<span class=\"_ gsec\"> </span>o<span class=\"_ _0\"></span>nly if, an insure<span class=\"_ _0\"></span>d event co<span class=\"_ _0\"></span>uld c<span class=\"_ _0\"></span>ause an ins<span class=\"_ _0\"></span>urer to make signif<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>can<span class=\"_ _0\"></span>t addit<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>al payme<span class=\"_ _0\"></span>nts in any sc<span class=\"_ _0\"></span>ena<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>, other tha<span class=\"_ _0\"></span>n a scen<span class=\"_ _0\"></span>ari<span class=\"_ _0\"></span>o which la<span class=\"_ _0\"></span>cks<span class=\"_ _0\"></span> co<span class=\"_ _0\"></span>mme<span class=\"_ _0\"></span>rcia<span class=\"_ _0\"></span>l subst<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e. S<span class=\"_ _0\"></span>uch c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>s remai<span class=\"_ _0\"></span>n insur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts until all ri<span class=\"_ _0\"></span>ghts an<span class=\"_ _0\"></span>d oblig<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns are ex<span class=\"_ _0\"></span>ting<span class=\"_ _0\"></span>uish<span class=\"_ _0\"></span>ed or ex<span class=\"_ _0\"></span>pire<span class=\"_ _0\"></span>d. At ince<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>n, th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p separ<span class=\"_ _0\"></span>ates the followi<span class=\"_ _0\"></span>ng co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>one<span class=\"_ _0\"></span>nts fro<span class=\"_ _0\"></span>m an insur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e or reins<span class=\"_ _0\"></span>ura<span class=\"_ _0\"></span>nce c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t and acc<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nts for the<span class=\"_ _0\"></span>m as if they were stan<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>alo<span class=\"_ _0\"></span>ne f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>l instr<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span>: \u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">der<span class=\"_ _0\"></span>ivati<span class=\"_ _0\"></span>ves em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>dde<span class=\"_ _0\"></span>d in the co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>ct who<span class=\"_ _0\"></span>se ec<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>omi<span class=\"_ _0\"></span>c char<span class=\"_ _0\"></span>acter<span class=\"_ _0\"></span>isti<span class=\"_ _0\"></span>cs an<span class=\"_ _0\"></span>d risks are not cl<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>ly related to thos<span class=\"_ _0\"></span>e of the host co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>, </span>and<span class=\"_ gsec\"> </span>wh<span class=\"_ _0\"></span>ose<span class=\"_ gsec\"> </span>ter<span class=\"_ _0\"></span>ms woul<span class=\"_ _0\"></span>d not me<span class=\"_ _0\"></span>et the def<span class=\"_ _0\"></span>ini<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of an insura<span class=\"_ _0\"></span>nce o<span class=\"_ _0\"></span>r reinsu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>act as a stan<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>alo<span class=\"_ _0\"></span>ne ins<span class=\"_ _0\"></span>tru<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">disti<span class=\"_ _0\"></span>nct inve<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span>, i.e. inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ents that are n<span class=\"_ _0\"></span>ot highl<span class=\"_ _0\"></span>y inter-<span class=\"_ _0\"></span>relate<span class=\"_ _0\"></span>d with the ins<span class=\"_ _0\"></span>ura<span class=\"_ _0\"></span>nce c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pon<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s and for whic<span class=\"_ _0\"></span>h </span>con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts wit<span class=\"_ _0\"></span>h equi<span class=\"_ _0\"></span>vale<span class=\"_ _0\"></span>nt terms are so<span class=\"_ _0\"></span>ld<span class=\"_ _0\"></span>, or coul<span class=\"_ _0\"></span>d be sol<span class=\"_ _0\"></span>d, se<span class=\"_ _0\"></span>parate<span class=\"_ _0\"></span>ly in the sam<span class=\"_ _0\"></span>e mar<span class=\"_ _0\"></span>ket or the sam<span class=\"_ _0\"></span>e juris<span class=\"_ _0\"></span>dic<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Af<span class=\"_ _0\"></span>ter sep<span class=\"_ _0\"></span>arati<span class=\"_ _0\"></span>ng any fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial ins<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nt co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>one<span class=\"_ _0\"></span>nts<span class=\"_ _0\"></span>, the Gro<span class=\"_ _0\"></span>up sep<span class=\"_ _0\"></span>arates any pro<span class=\"_ _0\"></span>mises to trans<span class=\"_ _0\"></span>fer to policy<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>lde<span class=\"_ _0\"></span>rs dis<span class=\"_ _0\"></span>tinc<span class=\"_ _0\"></span>t goo<span class=\"_ _0\"></span>ds or se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces<span class=\"_ _0\"></span> othe<span class=\"_ _0\"></span>r than insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce cove<span class=\"_ _0\"></span>rag<span class=\"_ _0\"></span>e and invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>es and ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>unts for the<span class=\"_ _0\"></span>m as sepa<span class=\"_ _0\"></span>rate cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>ts with cu<span class=\"_ _0\"></span>stom<span class=\"_ _0\"></span>ers (i<span class=\"_ _0\"></span>.e. not as insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts). A <span class=\"_ _1\"></span>go<span class=\"_ _0\"></span>od or se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce is disti<span class=\"_ _0\"></span>nct if th<span class=\"_ _0\"></span>e poli<span class=\"_ _0\"></span>cyh<span class=\"_ _0\"></span>old<span class=\"_ _0\"></span>er ca<span class=\"_ _0\"></span>n ben<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>it fro<span class=\"_ _0\"></span>m it eith<span class=\"_ _0\"></span>er on i<span class=\"_ _0\"></span>ts own or with othe<span class=\"_ _0\"></span>r resou<span class=\"_ _0\"></span>rce<span class=\"_ _0\"></span>s that are readi<span class=\"_ _0\"></span>ly availab<span class=\"_ _0\"></span>le to<span class=\"_ gsec\"> </span>the poli<span class=\"_ _0\"></span>cy<span class=\"_ _0\"></span>hol<span class=\"_ _0\"></span>der. A <span class=\"_ _1\"></span>go<span class=\"_ _0\"></span>od or se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce is not disti<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>t and is acc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ted for togeth<span class=\"_ _0\"></span>er wit<span class=\"_ _0\"></span>h the insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>one<span class=\"_ _0\"></span>nt if the ca<span class=\"_ _0\"></span>sh fl<span class=\"_ _0\"></span>ows and risks<span class=\"_ _0\"></span> asso<span class=\"_ _0\"></span>ciate<span class=\"_ _0\"></span>d with the go<span class=\"_ _0\"></span>od o<span class=\"_ _0\"></span>r ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ice are hi<span class=\"_ _0\"></span>ghly in<span class=\"_ _0\"></span>ter-<span class=\"_ _0\"></span>related wi<span class=\"_ _0\"></span>th the ca<span class=\"_ _0\"></span>sh fl<span class=\"_ _0\"></span>ows and risks as<span class=\"_ _0\"></span>soc<span class=\"_ _0\"></span>iated wit<span class=\"_ _0\"></span>h the insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>one<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>, and the<span class=\"_ _0\"></span> Grou<span class=\"_ _0\"></span>p<span class=\"_ gsec\"> </span>provi<span class=\"_ _0\"></span>des a sign<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ica<span class=\"_ _0\"></span>nt ser<span class=\"_ _3\"></span>vice of integ<span class=\"_ _0\"></span>ratin<span class=\"_ _0\"></span>g the go<span class=\"_ _0\"></span>od or se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce wit<span class=\"_ _0\"></span>h the insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>one<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gn<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n an<span class=\"_ _0\"></span>d le<span class=\"_ _0\"></span>vel of a<span class=\"_ _0\"></span>gg<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on<span class=\"_ _3b2\"> </span>An ins<span class=\"_ _0\"></span>ura<span class=\"_ _0\"></span>nce c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t is reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed at the ear<span class=\"_ _0\"></span>lies<span class=\"_ _0\"></span>t of the followin<span class=\"_ _0\"></span>g:<span class=\"_ _3b2\"> </span>(a<span class=\"_ _1\"></span>) <span class=\"_ _e\"> </span>the b<span class=\"_ _0\"></span>eg<span class=\"_ _0\"></span>inni<span class=\"_ _0\"></span>ng of the c<span class=\"_ _0\"></span>over<span class=\"_ _0\"></span>age p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iod<span class=\"_ _3b2\"> </span>(b) <span class=\"_ _d2\"> </span>t<span class=\"_ _0\"></span>he date wh<span class=\"_ _0\"></span>en th<span class=\"_ _0\"></span>e fi<span class=\"_ _0\"></span>rst p<span class=\"_ _0\"></span>aym<span class=\"_ _0\"></span>ent fr<span class=\"_ _0\"></span>om a po<span class=\"_ _0\"></span>lic<span class=\"_ _0\"></span>yho<span class=\"_ _0\"></span>ld<span class=\"_ _0\"></span>er b<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>es du<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span>(c<span class=\"_ _1\"></span>) <span class=\"_ _e\"> </span>for on<span class=\"_ _0\"></span>ero<span class=\"_ _0\"></span>us co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts<span class=\"_ _0\"></span>, whe<span class=\"_ _0\"></span>n the con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>t be<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>mes o<span class=\"_ _0\"></span>nero<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e level of aggre<span class=\"_ _0\"></span>gati<span class=\"_ _0\"></span>on deter<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>nes the u<span class=\"_ _0\"></span>nit of acc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t at which IF<span class=\"_ _0\"></span>RS 17 <span class=\"_ _1\"></span>cal<span class=\"_ _0\"></span>culat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s are per<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>d. T<span class=\"_ _0\"></span>his is deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>irs<span class=\"_ _0\"></span>tly by divi<span class=\"_ _0\"></span>ding th<span class=\"_ _0\"></span>e busi<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>s writ<span class=\"_ _0\"></span>ten in<span class=\"_ _0\"></span>to por<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>folio<span class=\"_ _0\"></span>s. Po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>folio<span class=\"_ _0\"></span>s com<span class=\"_ _0\"></span>pri<span class=\"_ _0\"></span>se grou<span class=\"_ _0\"></span>ps of contr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>s with simil<span class=\"_ _0\"></span>ar risk<span class=\"_ _0\"></span>s which are ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>ed toge<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>. Por<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>foli<span class=\"_ _0\"></span>os are fur<span class=\"_ _3\"></span>ther<span class=\"_ _0\"></span> divi<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d based o<span class=\"_ _0\"></span>n expe<span class=\"_ _0\"></span>cted pr<span class=\"_ _0\"></span>ofi<span class=\"_ _0\"></span>tabi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y at inc<span class=\"_ _0\"></span>epti<span class=\"_ _0\"></span>on into thre<span class=\"_ _0\"></span>e categ<span class=\"_ _0\"></span>ori<span class=\"_ _0\"></span>es: on<span class=\"_ _0\"></span>erou<span class=\"_ _0\"></span>s con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>, cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>ts with no sig<span class=\"_ _0\"></span>nif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant ris<span class=\"_ _0\"></span>k of subseq<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span>ntly<span class=\"_ _0\"></span> be<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ming o<span class=\"_ _0\"></span>ner<span class=\"_ _0\"></span>ous<span class=\"_ _0\"></span>, and the re<span class=\"_ _0\"></span>main<span class=\"_ _0\"></span>der. IFRS 1<span class=\"_ _1\"></span>7 also requ<span class=\"_ _0\"></span>ires tha<span class=\"_ _0\"></span>t no group for leve<span class=\"_ _0\"></span>l of aggreg<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n pur<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>es may con<span class=\"_ _0\"></span>tain co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>acts iss<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span>d more<span class=\"_ _0\"></span> than on<span class=\"_ _0\"></span>e year apa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>. The ins<span class=\"_ _0\"></span>ura<span class=\"_ _0\"></span>nce c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t discl<span class=\"_ _0\"></span>osure<span class=\"_ _0\"></span>s have bee<span class=\"_ _0\"></span>n aggre<span class=\"_ _0\"></span>gated at the le<span class=\"_ _0\"></span>vel of the majo<span class=\"_ _0\"></span>r produ<span class=\"_ _0\"></span>ct lin<span class=\"_ _0\"></span>es of the busi<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>s, ann<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>ies and protec<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n. T<span class=\"_ _0\"></span>his disag<span class=\"_ _0\"></span>gre<span class=\"_ _0\"></span>gatio<span class=\"_ _0\"></span>n refl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ts thei<span class=\"_ _0\"></span>r simila<span class=\"_ _0\"></span>r main ch<span class=\"_ _0\"></span>arac<span class=\"_ _0\"></span>teris<span class=\"_ _0\"></span>tic<span class=\"_ _0\"></span>s and avoids the pr<span class=\"_ _0\"></span>ese<span class=\"_ _0\"></span>ntatio<span class=\"_ _0\"></span>n of insigni<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>can<span class=\"_ _0\"></span>t detai<span class=\"_ _0\"></span>l.<span class=\"_ _3b2\"> </span>All of th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up\u2019s in sc<span class=\"_ _0\"></span>ope i<span class=\"_ _0\"></span>nsur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>acts a<span class=\"_ _0\"></span>re ac<span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>nted for u<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>r the g<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>l meas<span class=\"_ _0\"></span>urem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t mod<span class=\"_ _0\"></span>el wh<span class=\"_ _0\"></span>ich m<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>ures a gr<span class=\"_ _0\"></span>oup of in<span class=\"_ _0\"></span>sura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts as the total of:<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"lsb ws12\">fulf<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt ca<span class=\"_ _0\"></span>sh f<span class=\"_ _0\"></span>lows<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">C<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>M represe<span class=\"_ _0\"></span>ntin<span class=\"_ _0\"></span>g the unea<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>ed prof<span class=\"_ _0\"></span>it the Grou<span class=\"_ _0\"></span>p will reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>e as it provides ser<span class=\"_ _3\"></span>vic<span class=\"_ _0\"></span>es unde<span class=\"_ _0\"></span>r the insur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e<span class=\"_ gsec\"> </span>co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></span>Fulfilment cash<span class=\"_ _1\"></span> flows<span class=\"_ _3b2\"> </span>Fulf<span class=\"_ _0\"></span>ilme<span class=\"_ _0\"></span>nt cas<span class=\"_ _0\"></span>h flows c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>ris<span class=\"_ _0\"></span>e unbias<span class=\"_ _0\"></span>ed an<span class=\"_ _0\"></span>d proba<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y-<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>ighted es<span class=\"_ _0\"></span>tima<span class=\"_ _0\"></span>tes of future cas<span class=\"_ _0\"></span>h flows<span class=\"_ _0\"></span>, disc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ted to present val<span class=\"_ _0\"></span>ue to refle<span class=\"_ _0\"></span>ct the ti<span class=\"_ _0\"></span>me value of mone<span class=\"_ _0\"></span>y and finan<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>l risks, plu<span class=\"_ _0\"></span>s a <span class=\"_ _1\"></span>risk adju<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent for non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial risk<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e Group\u2019s obje<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ve in estimatin<span class=\"_ _0\"></span>g futur<span class=\"_ _0\"></span>e cash flows is to <span class=\"_ _1\"></span>deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>e the expe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted value, or the prob<span class=\"_ _0\"></span>abil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y weighted me<span class=\"_ _0\"></span>an, of the full range of possi<span class=\"_ _0\"></span>ble ou<span class=\"_ _0\"></span>tcom<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, consi<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>ing all reaso<span class=\"_ _0\"></span>nabl<span class=\"_ _0\"></span>e and supp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e informati<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span> availab<span class=\"_ _0\"></span>le at the rep<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ing date with<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>t undu<span class=\"_ _0\"></span>e cos<span class=\"_ _0\"></span>t or effo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>. The Gr<span class=\"_ _0\"></span>oup es<span class=\"_ _0\"></span>timates fu<span class=\"_ _0\"></span>ture c<span class=\"_ _0\"></span>ash fl<span class=\"_ _0\"></span>ows cons<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>rin<span class=\"_ _0\"></span>g a range of sc<span class=\"_ _0\"></span>enar<span class=\"_ _0\"></span>ios wh<span class=\"_ _0\"></span>ich have co<span class=\"_ _0\"></span>mme<span class=\"_ _0\"></span>rcia<span class=\"_ _0\"></span>l subst<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e and give a go<span class=\"_ _0\"></span>od rep<span class=\"_ _0\"></span>rese<span class=\"_ _0\"></span>ntati<span class=\"_ _0\"></span>on of poss<span class=\"_ _0\"></span>ible o<span class=\"_ _0\"></span>utco<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>s. Th<span class=\"_ _0\"></span>e cash f<span class=\"_ _0\"></span>lows fro<span class=\"_ _0\"></span>m each sc<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ari<span class=\"_ _0\"></span>o are proba<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y-<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>ighted an<span class=\"_ _0\"></span>d disc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ted using cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nt assu<span class=\"_ _0\"></span>mpti<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Wh<span class=\"_ _0\"></span>en esti<span class=\"_ _0\"></span>matin<span class=\"_ _0\"></span>g fut<span class=\"_ _0\"></span>ure cas<span class=\"_ _0\"></span>h flows<span class=\"_ _0\"></span>, the Gro<span class=\"_ _0\"></span>up inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>es all cas<span class=\"_ _0\"></span>h flows that are wi<span class=\"_ _0\"></span>thin th<span class=\"_ _0\"></span>e cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t bou<span class=\"_ _0\"></span>ndar<span class=\"_ _3\"></span>y. <span class=\"_ _1\"></span>Th<span class=\"_ _0\"></span>e cash f<span class=\"_ _0\"></span>lows inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>e:<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">prem<span class=\"_ _0\"></span>iums a<span class=\"_ _0\"></span>nd rel<span class=\"_ _0\"></span>ated ca<span class=\"_ _0\"></span>sh f<span class=\"_ _0\"></span>lows<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">clai<span class=\"_ _0\"></span>ms and be<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>its<span class=\"_ _0\"></span>, inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>ing rep<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>ted claim<span class=\"_ _0\"></span>s not yet paid<span class=\"_ _0\"></span>, incu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d claim<span class=\"_ _0\"></span>s not yet rep<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d and expe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted futu<span class=\"_ _0\"></span>re claim<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t mana<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t cos<span class=\"_ _0\"></span>ts in<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>red i<span class=\"_ _0\"></span>n the p<span class=\"_ _0\"></span>rovisio<span class=\"_ _0\"></span>n of an inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt ret<span class=\"_ _0\"></span>urn s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e or to enh<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e the b<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>its of an i<span class=\"_ _0\"></span>nsur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>ct<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">paym<span class=\"_ _0\"></span>ents to p<span class=\"_ _0\"></span>olic<span class=\"_ _0\"></span>yh<span class=\"_ _0\"></span>old<span class=\"_ _0\"></span>ers r<span class=\"_ _0\"></span>esul<span class=\"_ _0\"></span>ting f<span class=\"_ _0\"></span>rom e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>edd<span class=\"_ _0\"></span>ed s<span class=\"_ _0\"></span>urre<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>er val<span class=\"_ _0\"></span>ue op<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">an allo<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>tion of in<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e acq<span class=\"_ _0\"></span>uisi<span class=\"_ _0\"></span>tion c<span class=\"_ _0\"></span>ash f<span class=\"_ _0\"></span>lows at<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>uta<span class=\"_ _0\"></span>ble to th<span class=\"_ _0\"></span>e po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>folio to whi<span class=\"_ _0\"></span>ch th<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>ct b<span class=\"_ _0\"></span>elo<span class=\"_ _0\"></span>ngs<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"lse ws17\">claims handling costs<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">pol<span class=\"_ _0\"></span>icy adm<span class=\"_ _0\"></span>inis<span class=\"_ _0\"></span>tratio<span class=\"_ _0\"></span>n and main<span class=\"_ _0\"></span>tenan<span class=\"_ _0\"></span>ce co<span class=\"_ _0\"></span>sts<span class=\"_ _0\"></span>, incl<span class=\"_ _0\"></span>udin<span class=\"_ _0\"></span>g recu<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>ing co<span class=\"_ _0\"></span>mm<span class=\"_ _0\"></span>issio<span class=\"_ _0\"></span>ns that are exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted to be paid to <span class=\"_ _1\"></span>inter<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>diar<span class=\"_ _0\"></span>ies for fu<span class=\"_ _0\"></span>ture se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">an allo<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>tion of f<span class=\"_ _0\"></span>ixe<span class=\"_ _0\"></span>d and va<span class=\"_ _0\"></span>riab<span class=\"_ _0\"></span>le over<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>ads di<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>tly at<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>tab<span class=\"_ _0\"></span>le to fulf<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>ling in<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4 ls10 ws12\">transaction<span class=\"_ _0\"></span>-based taxes.<span class=\"_ _3b2\"> </span></span>Th<span class=\"_ _0\"></span>e Group in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ates, in an unb<span class=\"_ _0\"></span>iase<span class=\"_ _0\"></span>d way<span class=\"_ _1\"></span>, all reason<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e and sup<span class=\"_ _0\"></span>por<span class=\"_ _3\"></span>tabl<span class=\"_ _0\"></span>e inform<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n availabl<span class=\"_ _0\"></span>e witho<span class=\"_ _0\"></span>ut un<span class=\"_ _0\"></span>due c<span class=\"_ _0\"></span>ost or ef<span class=\"_ _0\"></span>for<span class=\"_ _3\"></span>t abou<span class=\"_ _0\"></span>t the am<span class=\"_ _0\"></span>ount<span class=\"_ _0\"></span>, timin<span class=\"_ _0\"></span>g and unce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>aint<span class=\"_ _0\"></span>y of those futu<span class=\"_ _0\"></span>re cash flows<span class=\"_ _0\"></span>. The Grou<span class=\"_ _0\"></span>p estima<span class=\"_ _0\"></span>tes the probab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es and amou<span class=\"_ _0\"></span>nts of future paym<span class=\"_ _0\"></span>ents und<span class=\"_ _0\"></span>er exist<span class=\"_ _0\"></span>ing con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>cts<span class=\"_ _0\"></span> base<span class=\"_ _0\"></span>d on inform<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n obtai<span class=\"_ _0\"></span>ned<span class=\"_ _0\"></span>, inc<span class=\"_ _0\"></span>ludi<span class=\"_ _0\"></span>ng:<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">inform<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n abo<span class=\"_ _0\"></span>ut c<span class=\"_ _0\"></span>laim<span class=\"_ _0\"></span>s alrea<span class=\"_ _0\"></span>dy rep<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>ted by po<span class=\"_ _0\"></span>licy<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>lde<span class=\"_ _0\"></span>rs<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">othe<span class=\"_ _0\"></span>r inform<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n abo<span class=\"_ _0\"></span>ut t<span class=\"_ _0\"></span>he k<span class=\"_ _0\"></span>nown o<span class=\"_ _0\"></span>r esti<span class=\"_ _0\"></span>mated c<span class=\"_ _0\"></span>hara<span class=\"_ _0\"></span>cter<span class=\"_ _0\"></span>isti<span class=\"_ _0\"></span>cs of th<span class=\"_ _0\"></span>e insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">histor<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>al data abo<span class=\"_ _0\"></span>ut th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p\u2019s own <span class=\"_ _1\"></span>exp<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ien<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>, supp<span class=\"_ _0\"></span>lem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ted when ne<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y, with data fro<span class=\"_ _0\"></span>m other so<span class=\"_ _0\"></span>urc<span class=\"_ _0\"></span>es (his<span class=\"_ _0\"></span>tori<span class=\"_ _0\"></span>cal dat<span class=\"_ _0\"></span>a is adjusted<span class=\"_ _0\"></span> </span>to<span class=\"_ gsec\"> </span>refle<span class=\"_ _0\"></span>ct cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nt co<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s)<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">cur<span class=\"_ _0\"></span>rent pr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ing infor<span class=\"_ _0\"></span>matio<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>, when availa<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></span>Th<span class=\"_ _0\"></span>e meas<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t of fulf<span class=\"_ _0\"></span>ilm<span class=\"_ _0\"></span>ent c<span class=\"_ _0\"></span>ash f<span class=\"_ _0\"></span>lows i<span class=\"_ _0\"></span>ncl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>s insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce ac<span class=\"_ _0\"></span>quis<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>n ca<span class=\"_ _0\"></span>sh f<span class=\"_ _0\"></span>lows whi<span class=\"_ _0\"></span>ch are al<span class=\"_ _0\"></span>loc<span class=\"_ _0\"></span>ated as a p<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>tion of pre<span class=\"_ _0\"></span>miu<span class=\"_ _0\"></span>m to profi<span class=\"_ _0\"></span>t or l<span class=\"_ _0\"></span>oss<span class=\"_ _0\"></span> (throu<span class=\"_ _0\"></span>gh insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce reven<span class=\"_ _0\"></span>ue) over the per<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d of the contr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>. Pre<span class=\"_ _0\"></span>-<span class=\"_ _3\"></span>reco<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n, ins<span class=\"_ _0\"></span>ura<span class=\"_ _0\"></span>nce ac<span class=\"_ _0\"></span>quis<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>n cas<span class=\"_ _0\"></span>h flow ass<span class=\"_ _0\"></span>ets are rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nized on th<span class=\"_ _0\"></span>e balan<span class=\"_ _0\"></span>ce she<span class=\"_ _0\"></span>et pr<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>r to allocati<span class=\"_ _0\"></span>on to new insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts and<span class=\"_ _0\"></span> are con<span class=\"_ _0\"></span>side<span class=\"_ _0\"></span>red for im<span class=\"_ _0\"></span>pair<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt at each re<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g date.<span class=\"_ _3b2\"> </span>Risk adjustment<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e risk a<span class=\"_ _0\"></span>djus<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt for no<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>ial r<span class=\"_ _0\"></span>isk for a G<span class=\"_ _0\"></span>roup of in<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts ref<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>cts t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>satio<span class=\"_ _0\"></span>n that th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up wou<span class=\"_ _0\"></span>ld req<span class=\"_ _0\"></span>uire for b<span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span> unc<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>taint<span class=\"_ _0\"></span>y ab<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>t the amo<span class=\"_ _0\"></span>unt and ti<span class=\"_ _0\"></span>ming of the ca<span class=\"_ _0\"></span>sh fl<span class=\"_ _0\"></span>ows that arise<span class=\"_ _0\"></span>s from no<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-f<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial risk af<span class=\"_ _0\"></span>ter di<span class=\"_ _0\"></span>versi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>cati<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>. The G<span class=\"_ _0\"></span>roup\u2019s risk adj<span class=\"_ _0\"></span>ustm<span class=\"_ _0\"></span>ent is<span class=\"_ _0\"></span> cali<span class=\"_ _0\"></span>brated us<span class=\"_ _0\"></span>ing a Value at Risk (<span class=\"_ _0\"></span>VAR) meth<span class=\"_ _0\"></span>odo<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>gy. In some cas<span class=\"_ _0\"></span>es, th<span class=\"_ _0\"></span>e com<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nsati<span class=\"_ _0\"></span>on for risk o<span class=\"_ _0\"></span>n reinsu<span class=\"_ _0\"></span>red bu<span class=\"_ _0\"></span>sine<span class=\"_ _0\"></span>ss is linked dir<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tly to the pric<span class=\"_ _0\"></span>e paid for rein<span class=\"_ _0\"></span>sura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e. Discounting<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e insur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>t fulf<span class=\"_ _0\"></span>ilm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t cash f<span class=\"_ _0\"></span>lows are disc<span class=\"_ _0\"></span>ounte<span class=\"_ _0\"></span>d at rates that refle<span class=\"_ _0\"></span>ct th<span class=\"_ _0\"></span>e char<span class=\"_ _0\"></span>acte<span class=\"_ _0\"></span>rist<span class=\"_ _0\"></span>ics of the ins<span class=\"_ _0\"></span>uran<span class=\"_ _0\"></span>ce c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>ese<span class=\"_ gsec\"> </span>are<span class=\"_ gsec\"> </span>d<span class=\"_ _0\"></span>eter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ed by star<span class=\"_ _3\"></span>ting fro<span class=\"_ _0\"></span>m an appro<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>iate asset po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>foli<span class=\"_ _0\"></span>o with de<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns to remove risks in th<span class=\"_ _0\"></span>e assets th<span class=\"_ _0\"></span>at are not prese<span class=\"_ _0\"></span>nt in<span class=\"_ gsec\"> </span>the<span class=\"_ gsec\"> </span>i<span class=\"_ _0\"></span>nsur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e liabi<span class=\"_ _0\"></span>liti<span class=\"_ _0\"></span>es.<span class=\"_ _3b2\"> </span>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 se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e ma<span class=\"_ _0\"></span>rg<span class=\"_ _0\"></span>in (C<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>M)<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p\u2019s CS<span class=\"_ _0\"></span>M is a c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ent of t<span class=\"_ _0\"></span>he ass<span class=\"_ _0\"></span>et or li<span class=\"_ _0\"></span>abili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y for th<span class=\"_ _0\"></span>e grou<span class=\"_ _0\"></span>p of insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>s that re<span class=\"_ _0\"></span>pres<span class=\"_ _0\"></span>ents t<span class=\"_ _0\"></span>he un<span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>d prof<span class=\"_ _0\"></span>it th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up will<span class=\"_ gsec\"> </span>re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise as it prov<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>s ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>es in the fu<span class=\"_ _0\"></span>ture. T<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up mea<span class=\"_ _0\"></span>sures th<span class=\"_ _0\"></span>e CS<span class=\"_ _0\"></span>M on in<span class=\"_ _0\"></span>itial re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n at an amoun<span class=\"_ _0\"></span>t that, un<span class=\"_ _0\"></span>les<span class=\"_ _0\"></span>s the grou<span class=\"_ _0\"></span>p of<span class=\"_ gsec\"> </span>con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts is one<span class=\"_ _0\"></span>rous<span class=\"_ _0\"></span>, resul<span class=\"_ _0\"></span>ts in no inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e or exp<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>es arisi<span class=\"_ _0\"></span>ng fro<span class=\"_ _0\"></span>m:<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">init<span class=\"_ _0\"></span>ial re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnit<span class=\"_ _0\"></span>ion of th<span class=\"_ _0\"></span>e ful<span class=\"_ _0\"></span>fil<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt cas<span class=\"_ _0\"></span>h fl<span class=\"_ _0\"></span>ows<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">any cas<span class=\"_ _0\"></span>h fl<span class=\"_ _0\"></span>ows aris<span class=\"_ _0\"></span>ing fr<span class=\"_ _0\"></span>om th<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts in t<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up at th<span class=\"_ _0\"></span>at date<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">the de<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>niti<span class=\"_ _0\"></span>on at the date of initial re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of:</span> <span class=\"_ _9f\"></span><span class=\"ff4\">\u2212<span class=\"_ _21\"> </span><span class=\"ff3 ls9\">any asset fo<span class=\"_ _0\"></span>r insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce ac<span class=\"_ _0\"></span>quisi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n cas<span class=\"_ _0\"></span>h fl<span class=\"_ _0\"></span>ows</span></span> <span class=\"_ _9f\"></span><span class=\"ff4\">\u2212<span class=\"_ _21\"> </span><span class=\"ls9 ws15\">any other asse<span class=\"_ _0\"></span>t or liabi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y prev<span class=\"_ _0\"></span>iou<span class=\"_ _0\"></span>sly re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d relate<span class=\"_ _0\"></span>d to <span class=\"_ _1\"></span>the gro<span class=\"_ _0\"></span>up of insur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></span></span>Onerous contracts<span class=\"_ _3b2\"> </span>For gro<span class=\"_ _0\"></span>ups of con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts asse<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>d as oner<span class=\"_ _0\"></span>ous<span class=\"_ _0\"></span>, the Gro<span class=\"_ _0\"></span>up rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nises a los<span class=\"_ _0\"></span>s in profi<span class=\"_ _0\"></span>t or los<span class=\"_ _0\"></span>s for the net ou<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>fl<span class=\"_ _0\"></span>ow, resultin<span class=\"_ _0\"></span>g in the car<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<span class=\"_ gsec\"> </span>the liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y for the Gr<span class=\"_ _0\"></span>oup be<span class=\"_ _0\"></span>ing e<span class=\"_ _0\"></span>qual to the fulf<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t cash f<span class=\"_ _0\"></span>lows and th<span class=\"_ _0\"></span>e CS<span class=\"_ _0\"></span>M of the Grou<span class=\"_ _0\"></span>p bein<span class=\"_ _0\"></span>g zero. A loss c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ent is est<span class=\"_ _0\"></span>ablis<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>d by the<span class=\"_ gsec\"> </span>G<span class=\"_ _0\"></span>roup for the li<span class=\"_ _0\"></span>abili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y for remain<span class=\"_ _0\"></span>ing cove<span class=\"_ _0\"></span>rag<span class=\"_ _0\"></span>e for an one<span class=\"_ _0\"></span>rous gro<span class=\"_ _0\"></span>up, whic<span class=\"_ _0\"></span>h repr<span class=\"_ _0\"></span>ese<span class=\"_ _0\"></span>nts the los<span class=\"_ _0\"></span>ses re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d.<span class=\"_ _3b2\"> </span>Reinsurance<span class=\"_ _1\"></span> contracts \u2013<span class=\"_ _1\"></span> initi<span class=\"_ _1\"></span>al me<span class=\"_ _1\"></span>asurement<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e initia<span class=\"_ _0\"></span>l measu<span class=\"_ _0\"></span>rem<span class=\"_ _0\"></span>ent of reins<span class=\"_ _0\"></span>ura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>ts held foll<span class=\"_ _0\"></span>ows the sam<span class=\"_ _0\"></span>e prin<span class=\"_ _0\"></span>cip<span class=\"_ _0\"></span>les as tho<span class=\"_ _0\"></span>se for insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts iss<span class=\"_ _0\"></span>ued<span class=\"_ _0\"></span>, wit<span class=\"_ _0\"></span>h the except<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span> of<span class=\"_ gsec\"> </span>the followi<span class=\"_ _0\"></span>ng:<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">reins<span class=\"_ _0\"></span>ura<span class=\"_ _0\"></span>nce c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>ts are reco<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>sed fro<span class=\"_ _0\"></span>m the ear<span class=\"_ _0\"></span>lie<span class=\"_ _0\"></span>r of the following<span class=\"_ _0\"></span>:</span> <span class=\"_ _9f\"></span><span class=\"ff4\">\u2212<span class=\"_ _21\"> </span><span class=\"ff3 ls9\">the be<span class=\"_ _0\"></span>ginn<span class=\"_ _0\"></span>ing of th<span class=\"_ _0\"></span>e cove<span class=\"_ _0\"></span>rag<span class=\"_ _0\"></span>e per<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d</span></span> <span class=\"_ _9f\"></span><span class=\"ff4\">\u2212<span class=\"_ _21\"> </span><span class=\"ls9 ws15\">the date the enti<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>es an one<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>s group of und<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>lyi<span class=\"_ _0\"></span>ng insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts<span class=\"_ _0\"></span>, if the ent<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y entere<span class=\"_ _0\"></span>d into the relate<span class=\"_ _0\"></span>d reinsu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce </span></span>con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>t<span class=\"_ gsec\"> </span>he<span class=\"_ _0\"></span>ld in the gro<span class=\"_ _0\"></span>up of reinsu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts he<span class=\"_ _0\"></span>ld at or before th<span class=\"_ _0\"></span>at date.<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">meas<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t of the cash fl<span class=\"_ _0\"></span>ows incl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>s an allowan<span class=\"_ _0\"></span>ce on a prob<span class=\"_ _0\"></span>abili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>weigh<span class=\"_ _0\"></span>ted basis for the ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t of any non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>man<span class=\"_ _0\"></span>ce by the rei<span class=\"_ _0\"></span>nsure<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>, </span>inc<span class=\"_ _0\"></span>ludi<span class=\"_ _0\"></span>ng th<span class=\"_ _0\"></span>e ef<span class=\"_ _0\"></span>fects of c<span class=\"_ _0\"></span>oll<span class=\"_ _0\"></span>ateral an<span class=\"_ _0\"></span>d los<span class=\"_ _0\"></span>ses f<span class=\"_ _0\"></span>rom dis<span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>tes<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">the G<span class=\"_ _0\"></span>roup d<span class=\"_ _0\"></span>eter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>es the r<span class=\"_ _0\"></span>isk ad<span class=\"_ _0\"></span>just<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t for no<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-f<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial ris<span class=\"_ _0\"></span>k so tha<span class=\"_ _0\"></span>t it re<span class=\"_ _0\"></span>prese<span class=\"_ _0\"></span>nts th<span class=\"_ _0\"></span>e am<span class=\"_ _0\"></span>ount of r<span class=\"_ _0\"></span>isk b<span class=\"_ _0\"></span>ein<span class=\"_ _0\"></span>g tran<span class=\"_ _0\"></span>sferre<span class=\"_ _0\"></span>d to the rei<span class=\"_ _0\"></span>nsu<span class=\"_ _0\"></span>rer<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">both d<span class=\"_ _0\"></span>ay one g<span class=\"_ _0\"></span>ains an<span class=\"_ _0\"></span>d day on<span class=\"_ _0\"></span>e los<span class=\"_ _0\"></span>ses a<span class=\"_ _0\"></span>re not re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d at ini<span class=\"_ _0\"></span>tial re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>n in th<span class=\"_ _0\"></span>e statem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t of fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial po<span class=\"_ _0\"></span>siti<span class=\"_ _0\"></span>on b<span class=\"_ _0\"></span>ut are d<span class=\"_ _0\"></span>efer<span class=\"_ _0\"></span>red in<span class=\"_ _0\"></span>to </span>the<span class=\"_ gsec\"> </span>C<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>M and rel<span class=\"_ _0\"></span>ease<span class=\"_ _0\"></span>d to profit o<span class=\"_ _0\"></span>r loss as the rei<span class=\"_ _0\"></span>nsure<span class=\"_ _0\"></span>r rend<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>es, exc<span class=\"_ _0\"></span>ept for any po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of a day 1 <span class=\"_ _1\"></span>loss th<span class=\"_ _0\"></span>at relates to events before<span class=\"_ _0\"></span> init<span class=\"_ _0\"></span>ial<span class=\"_ gsec\"> </span>re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnit<span class=\"_ _0\"></span>ion<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">if the rein<span class=\"_ _0\"></span>sura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t is reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed pr<span class=\"_ _0\"></span>ior to a loss<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>ki<span class=\"_ _0\"></span>ng und<span class=\"_ _0\"></span>erl<span class=\"_ _0\"></span>yi<span class=\"_ _0\"></span>ng co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>, the reins<span class=\"_ _0\"></span>ura<span class=\"_ _0\"></span>nce C<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>M can b<span class=\"_ _0\"></span>e adjuste<span class=\"_ _0\"></span>d to o<span class=\"_ _1\"></span>f<span class=\"_ _0\"></span>fset a po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of </span>the inc<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>tion lo<span class=\"_ _0\"></span>ss (the los<span class=\"_ _0\"></span>s rec<span class=\"_ _0\"></span>over<span class=\"_ _0\"></span>y co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ent). This of<span class=\"_ _0\"></span>fset<span class=\"_ _0\"></span>s a por<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on of the los<span class=\"_ _0\"></span>s rec<span class=\"_ _0\"></span>ogni<span class=\"_ _0\"></span>sed on in<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>n of the unde<span class=\"_ _0\"></span>rl<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g one<span class=\"_ _0\"></span>rous co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Lo<span class=\"_ _0\"></span>ng te<span class=\"_ _0\"></span>rm in<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nc<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>ts \u2013 su<span class=\"_ _0\"></span>bse<span class=\"_ _0\"></span>q<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span>nt me<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Group m<span class=\"_ _0\"></span>easu<span class=\"_ _0\"></span>res the ca<span class=\"_ _0\"></span>rr<span class=\"_ _3\"></span>ying am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t of a <span class=\"_ _1\"></span>grou<span class=\"_ _0\"></span>p of insura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>ts at the end of eac<span class=\"_ _0\"></span>h repo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng per<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d as the sum of:<span class=\"_ _0\"></span> (i) <span class=\"_ _36\"> </span> <span class=\"_ _17\"></span>th<span class=\"_ _0\"></span>e liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y fo<span class=\"_ _0\"></span>r remai<span class=\"_ _0\"></span>nin<span class=\"_ _0\"></span>g cover<span class=\"_ _0\"></span>age c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pri<span class=\"_ _0\"></span>sing f<span class=\"_ _0\"></span>ulf<span class=\"_ _0\"></span>ilm<span class=\"_ _0\"></span>ent c<span class=\"_ _0\"></span>ash f<span class=\"_ _0\"></span>lows re<span class=\"_ _0\"></span>lated to fu<span class=\"_ _0\"></span>ture se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce al<span class=\"_ _0\"></span>loc<span class=\"_ _0\"></span>ated to the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p at that da<span class=\"_ _0\"></span>te and the C<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>M of the Gro<span class=\"_ _0\"></span>up at th<span class=\"_ _0\"></span>at date<span class=\"_ _3b2\"> </span>(ii) <span class=\"_ _c\"> </span>t<span class=\"_ _0\"></span>he liabi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y for inc<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>red cla<span class=\"_ _0\"></span>ims for the Gro<span class=\"_ _0\"></span>up ref<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>ctin<span class=\"_ _0\"></span>g the fulf<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t cash f<span class=\"_ _0\"></span>lows related to past se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce all<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>ated to the Group at that date.<span class=\"_ _3b2\"> </span>Contractual ser<span class=\"_ _0\"></span>vice margin \u2013<span class=\"_ _1\"></span> measurement<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e C<span class=\"_ _0\"></span>SM at t<span class=\"_ _0\"></span>he en<span class=\"_ _0\"></span>d of the re<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d rep<span class=\"_ _0\"></span>rese<span class=\"_ _0\"></span>nts th<span class=\"_ _0\"></span>e prof<span class=\"_ _0\"></span>it in t<span class=\"_ _0\"></span>he gro<span class=\"_ _0\"></span>up of ins<span class=\"_ _0\"></span>ura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts th<span class=\"_ _0\"></span>at has not ye<span class=\"_ _0\"></span>t be<span class=\"_ _0\"></span>en re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed in p<span class=\"_ _0\"></span>rof<span class=\"_ _0\"></span>it or<span class=\"_ _0\"></span> loss<span class=\"_ _0\"></span>, be<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>use it rel<span class=\"_ _0\"></span>ates to future ser<span class=\"_ _3\"></span>vic<span class=\"_ _0\"></span>e to be provide<span class=\"_ _0\"></span>d.<span class=\"_ _3b2\"> </span>For a G<span class=\"_ _0\"></span>roup of i<span class=\"_ _0\"></span>nsur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts th<span class=\"_ _0\"></span>e ca<span class=\"_ _0\"></span>rr<span class=\"_ _3\"></span>ying a<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt of the C<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>M of tha<span class=\"_ _0\"></span>t grou<span class=\"_ _0\"></span>p at the e<span class=\"_ _0\"></span>nd of the r<span class=\"_ _0\"></span>epo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>od e<span class=\"_ _0\"></span>qual<span class=\"_ _0\"></span>s the c<span class=\"_ _0\"></span>arr<span class=\"_ _3\"></span>yin<span class=\"_ _0\"></span>g amo<span class=\"_ _0\"></span>unt at<span class=\"_ gsec\"> </span>the be<span class=\"_ _0\"></span>gin<span class=\"_ _0\"></span>ning of the re<span class=\"_ _0\"></span>por<span class=\"_ _3\"></span>ting pe<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>od adju<span class=\"_ _0\"></span>sted for<span class=\"_ _0\"></span>:<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">the ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t of any ne<span class=\"_ _0\"></span>w con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts ad<span class=\"_ _0\"></span>ded<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">interes<span class=\"_ _0\"></span>t acc<span class=\"_ _0\"></span>reted on th<span class=\"_ _0\"></span>e car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>yi<span class=\"_ _0\"></span>ng amo<span class=\"_ _0\"></span>unt of the C<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>M duri<span class=\"_ _0\"></span>ng the rep<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>ting pe<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>, measu<span class=\"_ _0\"></span>red at the dis<span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>nt rates at initi<span class=\"_ _0\"></span>al rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>n<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>s in fulf<span class=\"_ _0\"></span>ilm<span class=\"_ _0\"></span>ent ca<span class=\"_ _0\"></span>sh fl<span class=\"_ _0\"></span>ows relatin<span class=\"_ _0\"></span>g to future ser<span class=\"_ _3\"></span>vic<span class=\"_ _0\"></span>e, exce<span class=\"_ _0\"></span>pt to the exten<span class=\"_ _0\"></span>t that<span class=\"_ _0\"></span>:</span> <span class=\"_ _9f\"></span><span class=\"ff4\">\u2212<span class=\"_ _21\"> </span><span class=\"ls9 ws15\">such in<span class=\"_ _0\"></span>crea<span class=\"_ _0\"></span>ses in the fu<span class=\"_ _0\"></span>lf<span class=\"_ _0\"></span>ilme<span class=\"_ _0\"></span>nt cas<span class=\"_ _0\"></span>h flows exce<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d the cur<span class=\"_ _0\"></span>rent c<span class=\"_ _0\"></span>arr<span class=\"_ _3\"></span>yin<span class=\"_ _0\"></span>g amou<span class=\"_ _0\"></span>nt of the CS<span class=\"_ _0\"></span>M<span class=\"_ _0\"></span>, givi<span class=\"_ _0\"></span>ng ris<span class=\"_ _0\"></span>e to <span class=\"_ _1\"></span>a loss<span class=\"_ _0\"></span>; or</span></span> <span class=\"_ _9f\"></span><span class=\"ff4\">\u2212<span class=\"_ _21\"> </span><span class=\"ff3 ls9\">such d<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>rease<span class=\"_ _0\"></span>s in th<span class=\"_ _0\"></span>e fulf<span class=\"_ _0\"></span>ilm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t cas<span class=\"_ _0\"></span>h fl<span class=\"_ _0\"></span>ows are allo<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>ted to the lo<span class=\"_ _0\"></span>ss co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ent of th<span class=\"_ _0\"></span>e liabi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y for re<span class=\"_ _0\"></span>mai<span class=\"_ _0\"></span>ning c<span class=\"_ _0\"></span>over<span class=\"_ _0\"></span>age<span class=\"_ _3b2\"> </span></span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">the am<span class=\"_ _0\"></span>ount re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed as insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce reven<span class=\"_ _0\"></span>ue be<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>use of the tran<span class=\"_ _0\"></span>sfer of ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ice<span class=\"_ _0\"></span>s in the pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d, de<span class=\"_ _0\"></span>term<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d by alloc<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of the CS<span class=\"_ _0\"></span>M at the end<span class=\"_ _0\"></span> </span>of the pe<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>od over t<span class=\"_ _0\"></span>he cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nt an<span class=\"_ _0\"></span>d rema<span class=\"_ _0\"></span>inin<span class=\"_ _0\"></span>g cover<span class=\"_ _0\"></span>age p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iod<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">the ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t of any curren<span class=\"_ _0\"></span>cy exch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e dif<span class=\"_ _0\"></span>feren<span class=\"_ _0\"></span>ces o<span class=\"_ _0\"></span>n the C<span class=\"_ _0\"></span>SM<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></span>Th<span class=\"_ _0\"></span>e chan<span class=\"_ _0\"></span>ges in ful<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>lme<span class=\"_ _0\"></span>nt cas<span class=\"_ _0\"></span>h flows rel<span class=\"_ _0\"></span>ating to futu<span class=\"_ _0\"></span>re ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e that adjus<span class=\"_ _0\"></span>t the C<span class=\"_ _0\"></span>SM c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>ris<span class=\"_ _0\"></span>e:<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">exp<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ce adj<span class=\"_ _0\"></span>ustm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s that ar<span class=\"_ _0\"></span>ise fr<span class=\"_ _0\"></span>om th<span class=\"_ _0\"></span>e dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en th<span class=\"_ _0\"></span>e pre<span class=\"_ _0\"></span>mium re<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ipts (net of refu<span class=\"_ _0\"></span>nds) and any re<span class=\"_ _0\"></span>lated c<span class=\"_ _0\"></span>ash f<span class=\"_ _0\"></span>lows su<span class=\"_ _0\"></span>ch as<span class=\"_ _0\"></span> </span>insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce acq<span class=\"_ _0\"></span>uisi<span class=\"_ _0\"></span>tion c<span class=\"_ _0\"></span>ash f<span class=\"_ _0\"></span>lows and insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce pre<span class=\"_ _0\"></span>miu<span class=\"_ _0\"></span>m taxes and th<span class=\"_ _0\"></span>e estim<span class=\"_ _0\"></span>ate, at the be<span class=\"_ _0\"></span>ginn<span class=\"_ _0\"></span>ing of the pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d, of the am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ts expe<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d. Dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>es rel<span class=\"_ _0\"></span>ated to prem<span class=\"_ _0\"></span>iums re<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ive<span class=\"_ _0\"></span>d (or due) in resp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t of cur<span class=\"_ _0\"></span>rent o<span class=\"_ _0\"></span>r pas<span class=\"_ _0\"></span>t ser<span class=\"_ _3\"></span>vice<span class=\"_ _0\"></span>s are re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed im<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>diatel<span class=\"_ _0\"></span>y in prof<span class=\"_ _0\"></span>it o<span class=\"_ _0\"></span>r los<span class=\"_ _0\"></span>s whil<span class=\"_ _0\"></span>e dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>s relate<span class=\"_ _0\"></span>d to premi<span class=\"_ _0\"></span>ums re<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ived (or du<span class=\"_ _0\"></span>e) for futu<span class=\"_ _0\"></span>re ser<span class=\"_ _3\"></span>vice<span class=\"_ _0\"></span>s are ad<span class=\"_ _0\"></span>justed i<span class=\"_ _0\"></span>n the C<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>M<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>s in estim<span class=\"_ _0\"></span>ates of the presen<span class=\"_ _0\"></span>t value of futu<span class=\"_ _0\"></span>re cash f<span class=\"_ _0\"></span>lows in the lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y for remain<span class=\"_ _0\"></span>ing cove<span class=\"_ _0\"></span>rag<span class=\"_ _0\"></span>e, exce<span class=\"_ _0\"></span>pt thos<span class=\"_ _0\"></span>e relatin<span class=\"_ _0\"></span>g to the time value<span class=\"_ _0\"></span> </span>of<span class=\"_ gsec\"> </span>mon<span class=\"_ _0\"></span>ey and ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>es in fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>ial ris<span class=\"_ _0\"></span>k (which are instea<span class=\"_ _0\"></span>d reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed in th<span class=\"_ _0\"></span>e stateme<span class=\"_ _0\"></span>nt of profi<span class=\"_ _0\"></span>t or los<span class=\"_ _0\"></span>s and othe<span class=\"_ _0\"></span>r com<span class=\"_ _0\"></span>pre<span class=\"_ _0\"></span>hen<span class=\"_ _0\"></span>sive inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e)<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>s be<span class=\"_ _0\"></span>twe<span class=\"_ _0\"></span>en a<span class=\"_ _0\"></span>ny investm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t co<span class=\"_ _0\"></span>mpo<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>nt exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted to be<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me pay<span class=\"_ _0\"></span>able i<span class=\"_ _0\"></span>n the p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iod a<span class=\"_ _0\"></span>nd th<span class=\"_ _0\"></span>e actu<span class=\"_ _0\"></span>al inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ent t<span class=\"_ _0\"></span>hat </span>be<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>mes p<span class=\"_ _0\"></span>ayabl<span class=\"_ _0\"></span>e in the p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>s in the risk adju<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent for no<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-f<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial ris<span class=\"_ _0\"></span>k that relate to future se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce.<span class=\"_ _3b2\"> </span></span>Adjus<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nts to the C<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>M n<span class=\"_ _0\"></span>oted above a<span class=\"_ _0\"></span>re mea<span class=\"_ _0\"></span>sure<span class=\"_ _0\"></span>d at disc<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nt rates th<span class=\"_ _0\"></span>at refl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t the c<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>acter<span class=\"_ _0\"></span>isti<span class=\"_ _0\"></span>cs of th<span class=\"_ _0\"></span>e cas<span class=\"_ _0\"></span>h fl<span class=\"_ _0\"></span>ows of the gro<span class=\"_ _0\"></span>up of ins<span class=\"_ _0\"></span>ura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts at initi<span class=\"_ _0\"></span>al rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>on (i.e<span class=\"_ _0\"></span>. the weighte<span class=\"_ _0\"></span>d average of the rates ap<span class=\"_ _0\"></span>plic<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e at the date of initial rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nit<span class=\"_ _0\"></span>ion of con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts that joi<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>d a group over a 1<span class=\"_ _1\"></span>2-<span class=\"_ _0\"></span>mon<span class=\"_ _0\"></span>th per<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d).<span class=\"_ _3b2\"> </span>Onerous contracts<span class=\"_ _3b2\"> </span>Grou<span class=\"_ _0\"></span>ps of co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts th<span class=\"_ _0\"></span>at were n<span class=\"_ _0\"></span>ot one<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>s at ini<span class=\"_ _0\"></span>tial re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>tion c<span class=\"_ _0\"></span>an su<span class=\"_ _0\"></span>bse<span class=\"_ _0\"></span>que<span class=\"_ _0\"></span>ntl<span class=\"_ _0\"></span>y be<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me o<span class=\"_ _0\"></span>nero<span class=\"_ _0\"></span>us if as<span class=\"_ _0\"></span>sum<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>ns and ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e ex<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>guis<span class=\"_ _0\"></span>h the<span class=\"_ _0\"></span> C<span class=\"_ _0\"></span>SM<span class=\"_ _0\"></span>. In this case, the Grou<span class=\"_ _0\"></span>p estab<span class=\"_ _0\"></span>lishe<span class=\"_ _0\"></span>s a <span class=\"_ _1\"></span>los<span class=\"_ _0\"></span>s comp<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ent for the futu<span class=\"_ _0\"></span>re losse<span class=\"_ _0\"></span>s reco<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d. Th<span class=\"_ _0\"></span>e loss co<span class=\"_ _0\"></span>mpo<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>nt is release<span class=\"_ _0\"></span>d based on a systemati<span class=\"_ _0\"></span>c allo<span class=\"_ _0\"></span>cati<span class=\"_ _0\"></span>on of the subs<span class=\"_ _0\"></span>equ<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t chan<span class=\"_ _0\"></span>ges in the fu<span class=\"_ _0\"></span>lf<span class=\"_ _0\"></span>ilm<span class=\"_ _0\"></span>ent cas<span class=\"_ _0\"></span>h fl<span class=\"_ _0\"></span>ows to: <span class=\"_ _1\"></span>(i) the lo<span class=\"_ _0\"></span>ss co<span class=\"_ _0\"></span>mpo<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>; and (ii) the lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y for remain<span class=\"_ _0\"></span>ing cove<span class=\"_ _0\"></span>rag<span class=\"_ _0\"></span>e excludi<span class=\"_ _0\"></span>ng the los<span class=\"_ _0\"></span>s com<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>nt. T<span class=\"_ _0\"></span>he los<span class=\"_ _0\"></span>s com<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>nt is also upda<span class=\"_ _0\"></span>ted for subse<span class=\"_ _0\"></span>que<span class=\"_ _0\"></span>nt ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>es in esti<span class=\"_ _0\"></span>mates of the fulf<span class=\"_ _0\"></span>ilm<span class=\"_ _0\"></span>ent c<span class=\"_ _0\"></span>ash fl<span class=\"_ _0\"></span>ows related to futu<span class=\"_ _0\"></span>re ser<span class=\"_ _3\"></span>vice<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e systemat<span class=\"_ _0\"></span>ic allo<span class=\"_ _0\"></span>cati<span class=\"_ _0\"></span>on of subse<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>ent ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>es to the loss co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ent res<span class=\"_ _0\"></span>ults in th<span class=\"_ _0\"></span>e total amoun<span class=\"_ _0\"></span>ts allo<span class=\"_ _0\"></span>cated to the los<span class=\"_ _0\"></span>s com<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>nen<span class=\"_ _0\"></span>t bei<span class=\"_ _0\"></span>ng equ<span class=\"_ _0\"></span>al to zero by the end of the covera<span class=\"_ _0\"></span>ge pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d of a group of contr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>s (<span class=\"_ _1\"></span>sinc<span class=\"_ _0\"></span>e the los<span class=\"_ _0\"></span>s com<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>nt will have material<span class=\"_ _0\"></span>ised in th<span class=\"_ _0\"></span>e form of inc<span class=\"_ _0\"></span>urre<span class=\"_ _0\"></span>d clai<span class=\"_ _0\"></span>ms). The loss co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ent en<span class=\"_ _0\"></span>sure<span class=\"_ _0\"></span>s that over the dur<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of the contr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t, the c<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>t amou<span class=\"_ _0\"></span>nts are rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d as insur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e revenu<span class=\"_ _0\"></span>e and ins<span class=\"_ _0\"></span>uran<span class=\"_ _0\"></span>ce se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce exp<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>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 se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e ma<span class=\"_ _0\"></span>rg<span class=\"_ _0\"></span>in (C<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>M) \u2013 r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>gn<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e amou<span class=\"_ _0\"></span>nt of CS<span class=\"_ _0\"></span>M rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in the inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e statem<span class=\"_ _0\"></span>ent for a grou<span class=\"_ _0\"></span>p of insuran<span class=\"_ _0\"></span>ce co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>acts ref<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>cts th<span class=\"_ _0\"></span>e insur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>ct ser<span class=\"_ _3\"></span>vic<span class=\"_ _0\"></span>es provi<span class=\"_ _0\"></span>ded<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e prop<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>tion of the C<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>M earn<span class=\"_ _0\"></span>ed is cal<span class=\"_ _0\"></span>cul<span class=\"_ _0\"></span>ated as the amo<span class=\"_ _0\"></span>unt of cover<span class=\"_ _0\"></span>age un<span class=\"_ _0\"></span>its prov<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>d in the per<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d divid<span class=\"_ _0\"></span>ed by the su<span class=\"_ _0\"></span>m of<span class=\"_ gsec\"> </span>all<span class=\"_ gsec\"> </span>the fu<span class=\"_ _0\"></span>ture and cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nt per<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d cover<span class=\"_ _0\"></span>age uni<span class=\"_ _0\"></span>ts. T<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up has el<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted to discou<span class=\"_ _0\"></span>nt the fu<span class=\"_ _0\"></span>ture cove<span class=\"_ _0\"></span>rag<span class=\"_ _0\"></span>e units in this c<span class=\"_ _0\"></span>alc<span class=\"_ _0\"></span>ulatio<span class=\"_ _0\"></span>n. T<span class=\"_ _0\"></span>he tab<span class=\"_ _0\"></span>le be<span class=\"_ _0\"></span>low<span class=\"_ gsec\"> </span>ind<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ates the main<span class=\"_ _0\"></span> insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces pr<span class=\"_ _0\"></span>ovide<span class=\"_ _0\"></span>d und<span class=\"_ _0\"></span>er the G<span class=\"_ _0\"></span>roup\u2019s insu<span class=\"_ _0\"></span>ranc<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts and se<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>cted c<span class=\"_ _0\"></span>overag<span class=\"_ _0\"></span>e uni<span class=\"_ _0\"></span>t(s<span class=\"_ _1\"></span>) used to<span class=\"_ gsec\"> </span>measu<span class=\"_ _0\"></span>re those se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ice<span class=\"_ _0\"></span>s.<span class=\"_ _3b2\"> </span><table class=\"s wf0 h127\" id=\"_64f25476-3f0c-4aa9-bef1-c004d3f366d4\"><tr><td class=\"c n x1cb y4152 wf1 h128\"><div class=\"t m0 x1ca h13 y4151 ff6 fs9 fc1 sc0 ls37 ws7\">Insurance <span class=\"_ _1\"></span>contract<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3ea y4152 wf2 h128\"><div class=\"t m0 x1ca h13 y4151 ff6 fs9 fc1 sc0 ls3d ws131\">Insurance service<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3eb y4152 wf3 h128\"><div class=\"t m0 x1ca h13 y4151 ff6 fs9 fc1 sc0 ls18 ws32\">Cov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ge un<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>(s)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4153 wf4 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 lsea ws27\">Immediate annuity<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3ec y4153 wf5 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Payment of<span class=\"_ _1\"></span> insurance claims<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3ed y4153 wf6 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted a<span class=\"_ _0\"></span>nnu<span class=\"_ _0\"></span>al c<span class=\"_ _0\"></span>lai<span class=\"_ _0\"></span>ms pay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4154 wf7 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Deferred annuity<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3ee y4154 wf8 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">P<span class=\"_ _0\"></span>aym<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t of ins<span class=\"_ _0\"></span>ura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e cl<span class=\"_ _0\"></span>aim<span class=\"_ _0\"></span>s (p<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt ph<span class=\"_ _0\"></span>ase)<span class=\"_ _3b2\"> </span></div></td><td class=\"t m0 x3ef h1a y4155 ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted a<span class=\"_ _0\"></span>nnu<span class=\"_ _0\"></span>al c<span class=\"_ _0\"></span>lai<span class=\"_ _0\"></span>ms pay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s </td></tr><tr><td></td><td class=\"t m0 x3f0 h1a y4156 ff3 fs6 fc1 sc0 ls56 ws0\">Inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t retu<span class=\"_ _0\"></span>rn s<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>vic<span class=\"_ _0\"></span>e (defer<span class=\"_ _0\"></span>ral p<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>se)<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x3ef h1a y4156 ff3 fs6 fc1 sc0 ls10e ws54\">Exp<span class=\"_ _0\"></span>ected inv<span class=\"_ _1\"></span>estment return on<span class=\"_ _1\"></span> backing assets<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m0 x3f0 h1a y4157 ff3 fs6 fc1 sc0 ls56 ws0\">Lum<span class=\"_ _0\"></span>p su<span class=\"_ _0\"></span>m de<span class=\"_ _0\"></span>ath b<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>its (defe<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>al p<span class=\"_ _0\"></span>has<span class=\"_ _0\"></span>e)<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x3ef h1a y4157 ff3 fs6 fc1 sc0 ls10e ws54\">Sum assured<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y4121 wf9 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls149 ws29\">Longevi<span class=\"_ _0\"></span>ty swaps<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3f1 y4121 wfa h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Pay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt of f<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ng l<span class=\"_ _0\"></span>eg of sw<span class=\"_ _0\"></span>ap<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3ed y4121 wfb h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted a<span class=\"_ _0\"></span>nnu<span class=\"_ _0\"></span>al f<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ng le<span class=\"_ _0\"></span>g pay<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4158 wfc h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls112 ws1e\">Retail Protectio<span class=\"_ _0\"></span>n<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3f2 y4158 wfd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls113 ws5b\">Potent<span class=\"_ _1\"></span>ial mortality or<span class=\"_ _1\"></span> morbidity cla<span class=\"_ _1\"></span>ims<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3f3 y4158 wfe h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10e ws54\">Sum assured<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae wff h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls113 ws5b\">Group P<span class=\"_ _1\"></span>rot<span class=\"_ _1\"></span>ection<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3f4 y40ae w100 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls113 ws5b\">Pot<span class=\"_ _1\"></span>ential<span class=\"_ _1\"></span> mortality or morbid<span class=\"_ _1\"></span>ity claims<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3f5 y40ae wfe h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10e ws54\">Sum assured<span class=\"_ _3b2\"> </span></div></td></tr></table>Wh<span class=\"_ _0\"></span>ere a spe<span class=\"_ _0\"></span>cif<span class=\"_ _0\"></span>ic un<span class=\"_ _0\"></span>it of acc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t cont<span class=\"_ _0\"></span>ains a mix<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>re of ser<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces<span class=\"_ _0\"></span>, and th<span class=\"_ _0\"></span>erefore c<span class=\"_ _0\"></span>overa<span class=\"_ _0\"></span>ge uni<span class=\"_ _0\"></span>ts, it is ne<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ssa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y to weight the cove<span class=\"_ _0\"></span>rag<span class=\"_ _0\"></span>e unit<span class=\"_ _0\"></span>s so that the resu<span class=\"_ _0\"></span>ltin<span class=\"_ _0\"></span>g prof<span class=\"_ _0\"></span>ile of CS<span class=\"_ _0\"></span>M rel<span class=\"_ _0\"></span>ease ref<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>cts the ove<span class=\"_ _0\"></span>rall pac<span class=\"_ _0\"></span>kag<span class=\"_ _0\"></span>e of benef<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ts provid<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>. This is par<span class=\"_ _3\"></span>ticul<span class=\"_ _0\"></span>arl<span class=\"_ _0\"></span>y per<span class=\"_ _3\"></span>tine<span class=\"_ _0\"></span>nt to units of acc<span class=\"_ _0\"></span>ount in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ating<span class=\"_ _0\"></span> a com<span class=\"_ _0\"></span>binat<span class=\"_ _0\"></span>ion of imm<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>ate and deferre<span class=\"_ _0\"></span>d annu<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>es. Un<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r IFR<span class=\"_ _0\"></span>S 1<span class=\"_ _1\"></span>7<span class=\"_ _4\"></span>, defer<span class=\"_ _0\"></span>red ann<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>ies usu<span class=\"_ _0\"></span>ally prov<span class=\"_ _0\"></span>ide mu<span class=\"_ _0\"></span>ltip<span class=\"_ _0\"></span>le ser<span class=\"_ _3\"></span>vic<span class=\"_ _0\"></span>es, s<span class=\"_ _0\"></span>plit b<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n the two<span class=\"_ _0\"></span> phas<span class=\"_ _0\"></span>es of benef<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t provisi<span class=\"_ _0\"></span>on (the defer<span class=\"_ _0\"></span>ral ph<span class=\"_ _0\"></span>ase and th<span class=\"_ _0\"></span>e payme<span class=\"_ _0\"></span>nt pha<span class=\"_ _0\"></span>se). <span class=\"_ _1\"></span>Ju<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt is therefo<span class=\"_ _0\"></span>re requi<span class=\"_ _0\"></span>red to com<span class=\"_ _0\"></span>bin<span class=\"_ _0\"></span>e the dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nt cover<span class=\"_ _0\"></span>age uni<span class=\"_ _0\"></span>ts so that the<span class=\"_ _0\"></span>y fairly ref<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>ct th<span class=\"_ _0\"></span>e ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ice<span class=\"_ _0\"></span>s provid<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>. The wei<span class=\"_ _0\"></span>ghtin<span class=\"_ _0\"></span>g bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en the defe<span class=\"_ _0\"></span>rra<span class=\"_ _0\"></span>l phase an<span class=\"_ _0\"></span>d the paym<span class=\"_ _0\"></span>ent ph<span class=\"_ _0\"></span>ase cove<span class=\"_ _0\"></span>rag<span class=\"_ _0\"></span>e units is cal<span class=\"_ _0\"></span>cul<span class=\"_ _0\"></span>ated so that th<span class=\"_ _0\"></span>e ser<span class=\"_ _3\"></span>vic<span class=\"_ _0\"></span>es prov<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e defer<span class=\"_ _0\"></span>ral ph<span class=\"_ _0\"></span>ase ref<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>ct th<span class=\"_ _0\"></span>e inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt retu<span class=\"_ _0\"></span>rn p<span class=\"_ _0\"></span>rovid<span class=\"_ _0\"></span>ed an<span class=\"_ _0\"></span>d the p<span class=\"_ _0\"></span>roba<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y weigh<span class=\"_ _0\"></span>ted del<span class=\"_ _0\"></span>iver<span class=\"_ _3\"></span>y of any lump s<span class=\"_ _0\"></span>um de<span class=\"_ _0\"></span>ath ben<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>its<span class=\"_ _0\"></span>, both adju<span class=\"_ _0\"></span>sted so that all of the C<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>M is earn<span class=\"_ _0\"></span>ed in the de<span class=\"_ _0\"></span>ferr<span class=\"_ _0\"></span>al phase for all co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>acts whi<span class=\"_ _0\"></span>ch do not e<span class=\"_ _0\"></span>nter the paym<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t phase ei<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r throu<span class=\"_ _0\"></span>gh tran<span class=\"_ _0\"></span>sfer out<span class=\"_ _0\"></span>, with<span class=\"_ _0\"></span>drawal of fun<span class=\"_ _0\"></span>ds or deat<span class=\"_ _0\"></span>h.<span class=\"_ _3b2\"> </span>Inv<span class=\"_ _1\"></span>estment components<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p ide<span class=\"_ _0\"></span>ntif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s the inve<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>nen<span class=\"_ _0\"></span>t of a con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>t by de<span class=\"_ _0\"></span>termi<span class=\"_ _0\"></span>ning t<span class=\"_ _0\"></span>he am<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nt that i<span class=\"_ _0\"></span>t would b<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>quire<span class=\"_ _0\"></span>d to repay to the p<span class=\"_ _0\"></span>oli<span class=\"_ _0\"></span>cyh<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>der i<span class=\"_ _0\"></span>n all sce<span class=\"_ _0\"></span>nar<span class=\"_ _0\"></span>ios wit<span class=\"_ _0\"></span>h com<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>rcial su<span class=\"_ _0\"></span>bst<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e. Invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt com<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>nts are not inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>ed in ins<span class=\"_ _0\"></span>uran<span class=\"_ _0\"></span>ce reve<span class=\"_ _0\"></span>nue an<span class=\"_ _0\"></span>d insur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e ser<span class=\"_ _3\"></span>vice ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nses<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Insurance finance income<span class=\"_ _1\"></span> and e<span class=\"_ _1\"></span>xpense<span class=\"_ _3b2\"> </span>Insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nce i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e and ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nses c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pri<span class=\"_ _0\"></span>se ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>es in th<span class=\"_ _0\"></span>e car<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>nts of gro<span class=\"_ _0\"></span>ups of in<span class=\"_ _0\"></span>sura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts ar<span class=\"_ _0\"></span>isin<span class=\"_ _0\"></span>g from t<span class=\"_ _0\"></span>he ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>ts of the tim<span class=\"_ _0\"></span>e value of mon<span class=\"_ _0\"></span>ey, finan<span class=\"_ _0\"></span>cial r<span class=\"_ _0\"></span>isk and ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>es the<span class=\"_ _0\"></span>rein<span class=\"_ _0\"></span>. IFR<span class=\"_ _0\"></span>S 1<span class=\"_ _1\"></span>7 requir<span class=\"_ _0\"></span>es an acc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ting po<span class=\"_ _0\"></span>lic<span class=\"_ _0\"></span>y dec<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>n as to <span class=\"_ _1\"></span>whe<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r to recog<span class=\"_ _0\"></span>nise all fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>ce inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e or expe<span class=\"_ _0\"></span>nse in prof<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t or loss<span class=\"_ _0\"></span>, or whe<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r to disaggre<span class=\"_ _0\"></span>gate the inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e or exp<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>e that relates to chang<span class=\"_ _0\"></span>es in f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial as<span class=\"_ _0\"></span>sum<span class=\"_ _0\"></span>ption<span class=\"_ _0\"></span>s into other co<span class=\"_ _0\"></span>mpre<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>nsive inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e. Fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e inco<span class=\"_ _0\"></span>me and exp<span class=\"_ _0\"></span>ense has be<span class=\"_ _0\"></span>en inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>ed in profi<span class=\"_ _0\"></span>t or loss for all <span class=\"_ _1\"></span>insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce prod<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>ts except for the Group\u2019s protecti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span> busi<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>s where it ha<span class=\"_ _0\"></span>s bee<span class=\"_ _0\"></span>n disag<span class=\"_ _0\"></span>gre<span class=\"_ _0\"></span>gated be<span class=\"_ _0\"></span>twe<span class=\"_ _0\"></span>en prof<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t and loss an<span class=\"_ _0\"></span>d other c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>preh<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>ive inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e. Wh<span class=\"_ _0\"></span>ere ins<span class=\"_ _0\"></span>uran<span class=\"_ _0\"></span>ce f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e inco<span class=\"_ _0\"></span>me an<span class=\"_ _0\"></span>d exp<span class=\"_ _0\"></span>ense h<span class=\"_ _0\"></span>as be<span class=\"_ _0\"></span>en d<span class=\"_ _0\"></span>isag<span class=\"_ _0\"></span>greg<span class=\"_ _0\"></span>ated th<span class=\"_ _0\"></span>e amo<span class=\"_ _0\"></span>unt in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d in prof<span class=\"_ _0\"></span>it o<span class=\"_ _0\"></span>r lo<span class=\"_ _0\"></span>ss is de<span class=\"_ _0\"></span>term<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d by a syste<span class=\"_ _0\"></span>matic al<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>catio<span class=\"_ _0\"></span>n of the ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d total insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>e inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e or exp<span class=\"_ _0\"></span>ense<span class=\"_ _0\"></span>s over the dur<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of the group of con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>, using th<span class=\"_ _0\"></span>e disco<span class=\"_ _0\"></span>unt rates de<span class=\"_ _0\"></span>term<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d on init<span class=\"_ _0\"></span>ial rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>niti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>. Chan<span class=\"_ _0\"></span>ges i<span class=\"_ _0\"></span>n the r<span class=\"_ _0\"></span>isk ad<span class=\"_ _0\"></span>just<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t for no<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-f<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial ris<span class=\"_ _0\"></span>k have be<span class=\"_ _0\"></span>en di<span class=\"_ _0\"></span>sagg<span class=\"_ _0\"></span>reg<span class=\"_ _0\"></span>ated be<span class=\"_ _0\"></span>twe<span class=\"_ _0\"></span>en i<span class=\"_ _0\"></span>nsur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce res<span class=\"_ _0\"></span>ult a<span class=\"_ _0\"></span>nd ins<span class=\"_ _0\"></span>uran<span class=\"_ _0\"></span>ce f<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me and <span class=\"_ _1\"></span>expenses.<span class=\"_ _3b2\"> </span>Rei<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nc<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>ts he<span class=\"_ _0\"></span>ld \u2013 su<span class=\"_ _0\"></span>bse<span class=\"_ _0\"></span>q<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span>nt m<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e subs<span class=\"_ _0\"></span>equ<span class=\"_ _0\"></span>ent m<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>urem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t of reinsu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>ts he<span class=\"_ _0\"></span>ld follows t<span class=\"_ _0\"></span>he sa<span class=\"_ _0\"></span>me pr<span class=\"_ _0\"></span>inc<span class=\"_ _0\"></span>ipl<span class=\"_ _0\"></span>es as th<span class=\"_ _0\"></span>ose for i<span class=\"_ _0\"></span>nsur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts is<span class=\"_ _0\"></span>sue<span class=\"_ _0\"></span>d exce<span class=\"_ _0\"></span>pt that<span class=\"_ _0\"></span> cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>s in the f<span class=\"_ _0\"></span>ulf<span class=\"_ _0\"></span>ilm<span class=\"_ _0\"></span>ent c<span class=\"_ _0\"></span>ash f<span class=\"_ _0\"></span>lows a<span class=\"_ _0\"></span>re rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in prof<span class=\"_ _0\"></span>it o<span class=\"_ _0\"></span>r los<span class=\"_ _0\"></span>s if th<span class=\"_ _0\"></span>e related c<span class=\"_ _0\"></span>han<span class=\"_ _0\"></span>ges a<span class=\"_ _0\"></span>risi<span class=\"_ _0\"></span>ng fro<span class=\"_ _0\"></span>m the u<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>rl<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g ce<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts are<span class=\"_ _0\"></span> rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d in profi<span class=\"_ _0\"></span>t or loss<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Derecognition<span class=\"_ _1\"></span> and con<span class=\"_ _1\"></span>tract modi<span class=\"_ _1\"></span>fication<span class=\"_ _1\"></span> of i<span class=\"_ _1\"></span>nsurance contra<span class=\"_ _1\"></span>cts<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Group de<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>s a contr<span class=\"_ _0\"></span>act wh<span class=\"_ _0\"></span>en it is ex<span class=\"_ _0\"></span>ting<span class=\"_ _0\"></span>uish<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>, i.e. whe<span class=\"_ _0\"></span>n the spe<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ed ob<span class=\"_ _0\"></span>ligati<span class=\"_ _0\"></span>ons in the c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act ex<span class=\"_ _0\"></span>pire or are disc<span class=\"_ _0\"></span>harg<span class=\"_ _0\"></span>ed or c<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ell<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p also d<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>es a co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>act if i<span class=\"_ _0\"></span>ts ter<span class=\"_ _0\"></span>ms are m<span class=\"_ _0\"></span>odi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ed in a way th<span class=\"_ _0\"></span>at woul<span class=\"_ _0\"></span>d have cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>d the a<span class=\"_ _0\"></span>cc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ting for t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act s<span class=\"_ _0\"></span>igni<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>can<span class=\"_ _0\"></span>tly had the ne<span class=\"_ _0\"></span>w terms always exis<span class=\"_ _0\"></span>ted, in whi<span class=\"_ _0\"></span>ch ca<span class=\"_ _0\"></span>se a new con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>t base<span class=\"_ _0\"></span>d on the mo<span class=\"_ _0\"></span>dif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d terms is rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d. If a con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>t mod<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ation do<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span> not<span class=\"_ gsec\"> </span>res<span class=\"_ _0\"></span>ult in de<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>niti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>, then th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p treats the ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>es in cas<span class=\"_ _0\"></span>h flows ca<span class=\"_ _0\"></span>use<span class=\"_ _0\"></span>d by the modi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>cati<span class=\"_ _0\"></span>on as cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>s in estim<span class=\"_ _0\"></span>ates of fulfil<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt cas<span class=\"_ _0\"></span>h<span class=\"_ gsec\"> </span>fl<span class=\"_ _0\"></span>ows.<span class=\"_ _3b2\"> </span>Me<span class=\"_ _0\"></span>asu<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t o<span class=\"_ _0\"></span>n tr<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n to I<span class=\"_ _0\"></span>F<span class=\"_ _0\"></span>RS <span class=\"_ _0\"></span><span class=\"lsd ws7f\">17<span class=\"_ _3b2\"> </span></span>On tra<span class=\"_ _0\"></span>nsit<span class=\"_ _0\"></span>ion to IFR<span class=\"_ _0\"></span>S 1<span class=\"_ _1\"></span>7<span class=\"_ _4\"></span>, the insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>act lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ties were res<span class=\"_ _0\"></span>tated<span class=\"_ _0\"></span>, retros<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>vely ap<span class=\"_ _0\"></span>ply<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p\u2019s accou<span class=\"_ _0\"></span>ntin<span class=\"_ _0\"></span>g poli<span class=\"_ _0\"></span>cies<span class=\"_ _0\"></span>. In line wi<span class=\"_ _0\"></span>th the provis<span class=\"_ _0\"></span>ions avail<span class=\"_ _0\"></span>able in IF<span class=\"_ _0\"></span>RS 17<span class=\"_ _4\"></span>, the Grou<span class=\"_ _0\"></span>p appli<span class=\"_ _0\"></span>ed the fu<span class=\"_ _0\"></span>ll retros<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ve appro<span class=\"_ _0\"></span>ach un<span class=\"_ _0\"></span>les<span class=\"_ _0\"></span>s impr<span class=\"_ _0\"></span>acti<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span>. The fu<span class=\"_ _0\"></span>ll retros<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ve appro<span class=\"_ _0\"></span>ach re<span class=\"_ _0\"></span>quire<span class=\"_ _0\"></span>d the Gro<span class=\"_ _0\"></span>up to:<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">ide<span class=\"_ _0\"></span>ntif<span class=\"_ _0\"></span>y, reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>e and meas<span class=\"_ _0\"></span>ure eac<span class=\"_ _0\"></span>h grou<span class=\"_ _0\"></span>p of insuran<span class=\"_ _0\"></span>ce an<span class=\"_ _0\"></span>d reinsu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>acts as if IF<span class=\"_ _0\"></span>RS 1<span class=\"_ _1\"></span>7 had always app<span class=\"_ _0\"></span>lied<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">dere<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ogni<span class=\"_ _0\"></span>se any exi<span class=\"_ _0\"></span>stin<span class=\"_ _0\"></span>g bala<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>s that wo<span class=\"_ _0\"></span>uld not e<span class=\"_ _0\"></span>xist h<span class=\"_ _0\"></span>ad IF<span class=\"_ _0\"></span>RS 17 always appli<span class=\"_ _0\"></span>ed<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ise any resul<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g net dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e in equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y.<span class=\"_ _3b2\"> </span></span>If it was i<span class=\"_ _0\"></span>mpr<span class=\"_ _0\"></span>acti<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>ble to app<span class=\"_ _0\"></span>ly a fu<span class=\"_ _0\"></span>ll retro<span class=\"_ _0\"></span>sp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tive ap<span class=\"_ _0\"></span>proa<span class=\"_ _0\"></span>ch to a gro<span class=\"_ _0\"></span>up of co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts th<span class=\"_ _0\"></span>en th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up se<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>cted an a<span class=\"_ _0\"></span>ppr<span class=\"_ _0\"></span>oac<span class=\"_ _0\"></span>h bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en th<span class=\"_ _0\"></span>e mo<span class=\"_ _0\"></span>dif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d retros<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ve appro<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>h and the fair valu<span class=\"_ _0\"></span>e appr<span class=\"_ _0\"></span>oac<span class=\"_ _0\"></span>h. If the Gro<span class=\"_ _0\"></span>up co<span class=\"_ _0\"></span>uld not o<span class=\"_ _0\"></span>btain reas<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>ble an<span class=\"_ _0\"></span>d supp<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>table infor<span class=\"_ _0\"></span>mat<span class=\"_ _0\"></span>ion ne<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ssa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y to apply<span class=\"_ _0\"></span> the<span class=\"_ gsec\"> </span>m<span class=\"_ _0\"></span>odif<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ed retro<span class=\"_ _0\"></span>spe<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ive app<span class=\"_ _0\"></span>roac<span class=\"_ _0\"></span>h, th<span class=\"_ _0\"></span>en the fair val<span class=\"_ _0\"></span>ue app<span class=\"_ _0\"></span>roac<span class=\"_ _0\"></span>h was sele<span class=\"_ _0\"></span>cted<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Full<span class=\"_ _1\"></span> retrospective approach<span class=\"_ _3b2\"> </span>For ins<span class=\"_ _0\"></span>uran<span class=\"_ _0\"></span>ce an<span class=\"_ _0\"></span>d reinsu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>acts wh<span class=\"_ _0\"></span>ere th<span class=\"_ _0\"></span>e full retro<span class=\"_ _0\"></span>spe<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ve appr<span class=\"_ _0\"></span>oac<span class=\"_ _0\"></span>h was adopted<span class=\"_ _0\"></span>, the be<span class=\"_ _0\"></span>st esti<span class=\"_ _0\"></span>mate and ris<span class=\"_ _0\"></span>k adjust<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt com<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>nts of fulf<span class=\"_ _0\"></span>ilm<span class=\"_ _0\"></span>ent c<span class=\"_ _0\"></span>ash f<span class=\"_ _0\"></span>lows we<span class=\"_ _0\"></span>re rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d and m<span class=\"_ _0\"></span>easu<span class=\"_ _0\"></span>red u<span class=\"_ _0\"></span>sing t<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up\u2019s acc<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nting p<span class=\"_ _0\"></span>oli<span class=\"_ _0\"></span>cie<span class=\"_ _0\"></span>s from t<span class=\"_ _0\"></span>he in<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>n date of the c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>s to the date of <span class=\"_ _1\"></span>tran<span class=\"_ _0\"></span>siti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>. The full <span class=\"_ _1\"></span>retro<span class=\"_ _0\"></span>spe<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ive approa<span class=\"_ _0\"></span>ch was <span class=\"_ _1\"></span>deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ed to <span class=\"_ _1\"></span>be imprac<span class=\"_ _0\"></span>tic<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e where: the effec<span class=\"_ _0\"></span>ts of <span class=\"_ _1\"></span>retrosp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tive appli<span class=\"_ _0\"></span>cati<span class=\"_ _0\"></span>on were not <span class=\"_ _1\"></span>deter<span class=\"_ _0\"></span>mina<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span> be<span class=\"_ _0\"></span>cau<span class=\"_ _0\"></span>se infor<span class=\"_ _0\"></span>mati<span class=\"_ _0\"></span>on re<span class=\"_ _0\"></span>quire<span class=\"_ _0\"></span>d was not c<span class=\"_ _0\"></span>oll<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted (or not wit<span class=\"_ _0\"></span>h suf<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ici<span class=\"_ _0\"></span>ent g<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ular<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y);`<span class=\"_ _1\"></span>appl<span class=\"_ _0\"></span>icat<span class=\"_ _0\"></span>ion wo<span class=\"_ _0\"></span>uld re<span class=\"_ _0\"></span>quire t<span class=\"_ _0\"></span>he ap<span class=\"_ _0\"></span>plic<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of hind<span class=\"_ _0\"></span>sigh<span class=\"_ _0\"></span>t; o<span class=\"_ _0\"></span>r inform<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n was unavailab<span class=\"_ _0\"></span>le be<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>use of system mig<span class=\"_ _0\"></span>ratio<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>, data retenti<span class=\"_ _0\"></span>on req<span class=\"_ _0\"></span>uire<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts or othe<span class=\"_ _0\"></span>r reaso<span class=\"_ _0\"></span>ns.<span class=\"_ _3b2\"> </span>Modified retrospective approach<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e obje<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ive of the m<span class=\"_ _0\"></span>odi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ed re<span class=\"_ _0\"></span>trosp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tive a<span class=\"_ _0\"></span>ppro<span class=\"_ _0\"></span>ach i<span class=\"_ _0\"></span>s to achie<span class=\"_ _0\"></span>ve the c<span class=\"_ _0\"></span>lose<span class=\"_ _0\"></span>st ou<span class=\"_ _0\"></span>tco<span class=\"_ _0\"></span>me to retro<span class=\"_ _0\"></span>spe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tive ap<span class=\"_ _0\"></span>plic<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n pos<span class=\"_ _0\"></span>sib<span class=\"_ _0\"></span>le usi<span class=\"_ _0\"></span>ng reas<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span> and<span class=\"_ gsec\"> </span>su<span class=\"_ _0\"></span>pp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e inform<span class=\"_ _0\"></span>ation avail<span class=\"_ _0\"></span>able wi<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>ut un<span class=\"_ _0\"></span>due c<span class=\"_ _0\"></span>ost or ef<span class=\"_ _0\"></span>for<span class=\"_ _3\"></span>t. For ins<span class=\"_ _0\"></span>ura<span class=\"_ _0\"></span>nce an<span class=\"_ _0\"></span>d reins<span class=\"_ _0\"></span>uran<span class=\"_ _0\"></span>ce c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>s where th<span class=\"_ _0\"></span>e modi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ed retr<span class=\"_ _0\"></span>osp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tive app<span class=\"_ _0\"></span>roac<span class=\"_ _0\"></span>h has be<span class=\"_ _0\"></span>en ado<span class=\"_ _0\"></span>pted<span class=\"_ _0\"></span>, the bes<span class=\"_ _0\"></span>t estim<span class=\"_ _0\"></span>ate and risk adju<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s of fulfil<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt cash f<span class=\"_ _0\"></span>lows were rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d and me<span class=\"_ _0\"></span>asure<span class=\"_ _0\"></span>d usin<span class=\"_ _0\"></span>g the Gro<span class=\"_ _0\"></span>up\u2019s acco<span class=\"_ _0\"></span>unti<span class=\"_ _0\"></span>ng po<span class=\"_ _0\"></span>lici<span class=\"_ _0\"></span>es at the date of transi<span class=\"_ _0\"></span>tion exc<span class=\"_ _0\"></span>ept for the ap<span class=\"_ _0\"></span>plic<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of a permi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ted tran<span class=\"_ _0\"></span>siti<span class=\"_ _0\"></span>on mo<span class=\"_ _0\"></span>dif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n that, for so<span class=\"_ _0\"></span>me gro<span class=\"_ _0\"></span>ups of con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts issu<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>efore 1 Janua<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y 20<span class=\"_ _0\"></span>21, <span class=\"_ _1\"></span>the ris<span class=\"_ _0\"></span>k adjust<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt for non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial r<span class=\"_ _0\"></span>isk on ini<span class=\"_ _0\"></span>tial rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nit<span class=\"_ _0\"></span>ion was deter<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ned by adju<span class=\"_ _0\"></span>stin<span class=\"_ _0\"></span>g the amo<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span> at<span class=\"_ gsec\"> </span>1 Janua<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 for the exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted rele<span class=\"_ _0\"></span>ase of risk before th<span class=\"_ _0\"></span>at date. The ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cted rel<span class=\"_ _0\"></span>ease was de<span class=\"_ _0\"></span>termi<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>d with refere<span class=\"_ _0\"></span>nce to the rel<span class=\"_ _0\"></span>ease of risk of simil<span class=\"_ _0\"></span>ar con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>cts that th<span class=\"_ _0\"></span>e Group is<span class=\"_ _0\"></span>sue<span class=\"_ _0\"></span>d in 202<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>is modi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>cati<span class=\"_ _0\"></span>on was use<span class=\"_ _0\"></span>d to a<span class=\"_ _1\"></span>void the ap<span class=\"_ _0\"></span>plic<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of hindsi<span class=\"_ _0\"></span>ght to the calib<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>on of the risk<span class=\"_ _0\"></span> adjus<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt in pri<span class=\"_ _0\"></span>or pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>ds<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Fair<span class=\"_ _1\"></span> value approa<span class=\"_ _1\"></span>ch<span class=\"_ _3b2\"> </span>For ins<span class=\"_ _0\"></span>uran<span class=\"_ _0\"></span>ce an<span class=\"_ _0\"></span>d reinsu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>acts wh<span class=\"_ _0\"></span>ere th<span class=\"_ _0\"></span>e fair value ap<span class=\"_ _0\"></span>proa<span class=\"_ _0\"></span>ch has be<span class=\"_ _0\"></span>en ad<span class=\"_ _0\"></span>opted<span class=\"_ _0\"></span>, the be<span class=\"_ _0\"></span>st est<span class=\"_ _0\"></span>imate and ris<span class=\"_ _0\"></span>k adjust<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt com<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>nts of<span class=\"_ gsec\"> </span>fulf<span class=\"_ _0\"></span>ilm<span class=\"_ _0\"></span>ent c<span class=\"_ _0\"></span>ash fl<span class=\"_ _0\"></span>ows were deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ed as at 1 Janua<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2. T<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ed th<span class=\"_ _0\"></span>e Con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>tual S<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>vic<span class=\"_ _0\"></span>e Margi<span class=\"_ _0\"></span>n (CSM<span class=\"_ _0\"></span>) of the liabili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y for rema<span class=\"_ _0\"></span>inin<span class=\"_ _0\"></span>g covera<span class=\"_ _0\"></span>ge at the tra<span class=\"_ _0\"></span>nsiti<span class=\"_ _0\"></span>on date, as the di<span class=\"_ _0\"></span>ffe<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>ce be<span class=\"_ _0\"></span>twe<span class=\"_ _0\"></span>en th<span class=\"_ _0\"></span>e fair value of the grou<span class=\"_ _0\"></span>p of insura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>ts and the fu<span class=\"_ _0\"></span>lf<span class=\"_ _0\"></span>ilme<span class=\"_ _0\"></span>nt cas<span class=\"_ _0\"></span>h fl<span class=\"_ _0\"></span>ows measu<span class=\"_ _0\"></span>red at that date. In dete<span class=\"_ _0\"></span>rmi<span class=\"_ _0\"></span>ning fair val<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span>, the Grou<span class=\"_ _0\"></span>p appli<span class=\"_ _0\"></span>ed the re<span class=\"_ _0\"></span>quir<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nts of IFR<span class=\"_ _0\"></span>S 1<span class=\"_ _1\"></span>3, \u2018F<span class=\"_ _0\"></span>air Value Meas<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>, except for th<span class=\"_ _0\"></span>e dem<span class=\"_ _0\"></span>and de<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>sit f<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>or requ<span class=\"_ _0\"></span>ire<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t.<span class=\"_ _3b2\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInsuranceContracts",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-700": {
   "value": "Reinsurance<span class=\"_ _1\"></span> contracts \u2013<span class=\"_ _1\"></span> initi<span class=\"_ _1\"></span>al me<span class=\"_ _1\"></span>asurement<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e initia<span class=\"_ _0\"></span>l measu<span class=\"_ _0\"></span>rem<span class=\"_ _0\"></span>ent of reins<span class=\"_ _0\"></span>ura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>ts held foll<span class=\"_ _0\"></span>ows the sam<span class=\"_ _0\"></span>e prin<span class=\"_ _0\"></span>cip<span class=\"_ _0\"></span>les as tho<span class=\"_ _0\"></span>se for insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts iss<span class=\"_ _0\"></span>ued<span class=\"_ _0\"></span>, wit<span class=\"_ _0\"></span>h the except<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span> of<span class=\"_ gsec\"> </span>the followi<span class=\"_ _0\"></span>ng:<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">reins<span class=\"_ _0\"></span>ura<span class=\"_ _0\"></span>nce c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>ts are reco<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>sed fro<span class=\"_ _0\"></span>m the ear<span class=\"_ _0\"></span>lie<span class=\"_ _0\"></span>r of the following<span class=\"_ _0\"></span>:</span> <span class=\"_ _9f\"></span><span class=\"ff4\">\u2212<span class=\"_ _21\"> </span><span class=\"ff3 ls9\">the be<span class=\"_ _0\"></span>ginn<span class=\"_ _0\"></span>ing of th<span class=\"_ _0\"></span>e cove<span class=\"_ _0\"></span>rag<span class=\"_ _0\"></span>e per<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d</span></span> <span class=\"_ _9f\"></span><span class=\"ff4\">\u2212<span class=\"_ _21\"> </span><span class=\"ls9 ws15\">the date the enti<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>es an one<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>s group of und<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>lyi<span class=\"_ _0\"></span>ng insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts<span class=\"_ _0\"></span>, if the ent<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y entere<span class=\"_ _0\"></span>d into the relate<span class=\"_ _0\"></span>d reinsu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce </span></span>con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>t<span class=\"_ gsec\"> </span>he<span class=\"_ _0\"></span>ld in the gro<span class=\"_ _0\"></span>up of reinsu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts he<span class=\"_ _0\"></span>ld at or before th<span class=\"_ _0\"></span>at date.<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">meas<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t of the cash fl<span class=\"_ _0\"></span>ows incl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>s an allowan<span class=\"_ _0\"></span>ce on a prob<span class=\"_ _0\"></span>abili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>weigh<span class=\"_ _0\"></span>ted basis for the ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t of any non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>man<span class=\"_ _0\"></span>ce by the rei<span class=\"_ _0\"></span>nsure<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>, </span>inc<span class=\"_ _0\"></span>ludi<span class=\"_ _0\"></span>ng th<span class=\"_ _0\"></span>e ef<span class=\"_ _0\"></span>fects of c<span class=\"_ _0\"></span>oll<span class=\"_ _0\"></span>ateral an<span class=\"_ _0\"></span>d los<span class=\"_ _0\"></span>ses f<span class=\"_ _0\"></span>rom dis<span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>tes<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">the G<span class=\"_ _0\"></span>roup d<span class=\"_ _0\"></span>eter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>es the r<span class=\"_ _0\"></span>isk ad<span class=\"_ _0\"></span>just<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t for no<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-f<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial ris<span class=\"_ _0\"></span>k so tha<span class=\"_ _0\"></span>t it re<span class=\"_ _0\"></span>prese<span class=\"_ _0\"></span>nts th<span class=\"_ _0\"></span>e am<span class=\"_ _0\"></span>ount of r<span class=\"_ _0\"></span>isk b<span class=\"_ _0\"></span>ein<span class=\"_ _0\"></span>g tran<span class=\"_ _0\"></span>sferre<span class=\"_ _0\"></span>d to the rei<span class=\"_ _0\"></span>nsu<span class=\"_ _0\"></span>rer<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">both d<span class=\"_ _0\"></span>ay one g<span class=\"_ _0\"></span>ains an<span class=\"_ _0\"></span>d day on<span class=\"_ _0\"></span>e los<span class=\"_ _0\"></span>ses a<span class=\"_ _0\"></span>re not re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d at ini<span class=\"_ _0\"></span>tial re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>n in th<span class=\"_ _0\"></span>e statem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t of fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial po<span class=\"_ _0\"></span>siti<span class=\"_ _0\"></span>on b<span class=\"_ _0\"></span>ut are d<span class=\"_ _0\"></span>efer<span class=\"_ _0\"></span>red in<span class=\"_ _0\"></span>to </span>the<span class=\"_ gsec\"> </span>C<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>M and rel<span class=\"_ _0\"></span>ease<span class=\"_ _0\"></span>d to profit o<span class=\"_ _0\"></span>r loss as the rei<span class=\"_ _0\"></span>nsure<span class=\"_ _0\"></span>r rend<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>es, exc<span class=\"_ _0\"></span>ept for any po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of a day 1 <span class=\"_ _1\"></span>loss th<span class=\"_ _0\"></span>at relates to events before<span class=\"_ _0\"></span> init<span class=\"_ _0\"></span>ial<span class=\"_ gsec\"> </span>re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnit<span class=\"_ _0\"></span>ion<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">if the rein<span class=\"_ _0\"></span>sura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t is reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed pr<span class=\"_ _0\"></span>ior to a loss<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>ki<span class=\"_ _0\"></span>ng und<span class=\"_ _0\"></span>erl<span class=\"_ _0\"></span>yi<span class=\"_ _0\"></span>ng co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>, the reins<span class=\"_ _0\"></span>ura<span class=\"_ _0\"></span>nce C<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>M can b<span class=\"_ _0\"></span>e adjuste<span class=\"_ _0\"></span>d to o<span class=\"_ _1\"></span>f<span class=\"_ _0\"></span>fset a po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of </span>the inc<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>tion lo<span class=\"_ _0\"></span>ss (the los<span class=\"_ _0\"></span>s rec<span class=\"_ _0\"></span>over<span class=\"_ _0\"></span>y co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ent). This of<span class=\"_ _0\"></span>fset<span class=\"_ _0\"></span>s a por<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on of the los<span class=\"_ _0\"></span>s rec<span class=\"_ _0\"></span>ogni<span class=\"_ _0\"></span>sed on in<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>n of the unde<span class=\"_ _0\"></span>rl<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g one<span class=\"_ _0\"></span>rous co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Lo<span class=\"_ _0\"></span>ng te<span class=\"_ _0\"></span>rm in<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nc<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>ts \u2013 su<span class=\"_ _0\"></span>bse<span class=\"_ _0\"></span>q<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span>nt me<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Group m<span class=\"_ _0\"></span>easu<span class=\"_ _0\"></span>res the ca<span class=\"_ _0\"></span>rr<span class=\"_ _3\"></span>ying am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t of a <span class=\"_ _1\"></span>grou<span class=\"_ _0\"></span>p of insura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>ts at the end of eac<span class=\"_ _0\"></span>h repo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng per<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d as the sum of:<span class=\"_ _0\"></span> (i) <span class=\"_ _36\"> </span> <span class=\"_ _17\"></span>th<span class=\"_ _0\"></span>e liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y fo<span class=\"_ _0\"></span>r remai<span class=\"_ _0\"></span>nin<span class=\"_ _0\"></span>g cover<span class=\"_ _0\"></span>age c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pri<span class=\"_ _0\"></span>sing f<span class=\"_ _0\"></span>ulf<span class=\"_ _0\"></span>ilm<span class=\"_ _0\"></span>ent c<span class=\"_ _0\"></span>ash f<span class=\"_ _0\"></span>lows re<span class=\"_ _0\"></span>lated to fu<span class=\"_ _0\"></span>ture se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce al<span class=\"_ _0\"></span>loc<span class=\"_ _0\"></span>ated to the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p at that da<span class=\"_ _0\"></span>te and the C<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>M of the Gro<span class=\"_ _0\"></span>up at th<span class=\"_ _0\"></span>at date<span class=\"_ _3b2\"> </span>(ii) <span class=\"_ _c\"> </span>t<span class=\"_ _0\"></span>he liabi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y for inc<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>red cla<span class=\"_ _0\"></span>ims for the Gro<span class=\"_ _0\"></span>up ref<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>ctin<span class=\"_ _0\"></span>g the fulf<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t cash f<span class=\"_ _0\"></span>lows related to past se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce all<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>ated to the Group at that date.<span class=\"_ _3b2\"> </span>Contractual ser<span class=\"_ _0\"></span>vice margin \u2013<span class=\"_ _1\"></span> measurement<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e C<span class=\"_ _0\"></span>SM at t<span class=\"_ _0\"></span>he en<span class=\"_ _0\"></span>d of the re<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d rep<span class=\"_ _0\"></span>rese<span class=\"_ _0\"></span>nts th<span class=\"_ _0\"></span>e prof<span class=\"_ _0\"></span>it in t<span class=\"_ _0\"></span>he gro<span class=\"_ _0\"></span>up of ins<span class=\"_ _0\"></span>ura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts th<span class=\"_ _0\"></span>at has not ye<span class=\"_ _0\"></span>t be<span class=\"_ _0\"></span>en re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed in p<span class=\"_ _0\"></span>rof<span class=\"_ _0\"></span>it or<span class=\"_ _0\"></span> loss<span class=\"_ _0\"></span>, be<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>use it rel<span class=\"_ _0\"></span>ates to future ser<span class=\"_ _3\"></span>vic<span class=\"_ _0\"></span>e to be provide<span class=\"_ _0\"></span>d.<span class=\"_ _3b2\"> </span>For a G<span class=\"_ _0\"></span>roup of i<span class=\"_ _0\"></span>nsur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts th<span class=\"_ _0\"></span>e ca<span class=\"_ _0\"></span>rr<span class=\"_ _3\"></span>ying a<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt of the C<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>M of tha<span class=\"_ _0\"></span>t grou<span class=\"_ _0\"></span>p at the e<span class=\"_ _0\"></span>nd of the r<span class=\"_ _0\"></span>epo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>od e<span class=\"_ _0\"></span>qual<span class=\"_ _0\"></span>s the c<span class=\"_ _0\"></span>arr<span class=\"_ _3\"></span>yin<span class=\"_ _0\"></span>g amo<span class=\"_ _0\"></span>unt at<span class=\"_ gsec\"> </span>the be<span class=\"_ _0\"></span>gin<span class=\"_ _0\"></span>ning of the re<span class=\"_ _0\"></span>por<span class=\"_ _3\"></span>ting pe<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>od adju<span class=\"_ _0\"></span>sted for<span class=\"_ _0\"></span>:<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">the ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t of any ne<span class=\"_ _0\"></span>w con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts ad<span class=\"_ _0\"></span>ded<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">interes<span class=\"_ _0\"></span>t acc<span class=\"_ _0\"></span>reted on th<span class=\"_ _0\"></span>e car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>yi<span class=\"_ _0\"></span>ng amo<span class=\"_ _0\"></span>unt of the C<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>M duri<span class=\"_ _0\"></span>ng the rep<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>ting pe<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>, measu<span class=\"_ _0\"></span>red at the dis<span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>nt rates at initi<span class=\"_ _0\"></span>al rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>n<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>s in fulf<span class=\"_ _0\"></span>ilm<span class=\"_ _0\"></span>ent ca<span class=\"_ _0\"></span>sh fl<span class=\"_ _0\"></span>ows relatin<span class=\"_ _0\"></span>g to future ser<span class=\"_ _3\"></span>vic<span class=\"_ _0\"></span>e, exce<span class=\"_ _0\"></span>pt to the exten<span class=\"_ _0\"></span>t that<span class=\"_ _0\"></span>:</span> <span class=\"_ _9f\"></span><span class=\"ff4\">\u2212<span class=\"_ _21\"> </span><span class=\"ls9 ws15\">such in<span class=\"_ _0\"></span>crea<span class=\"_ _0\"></span>ses in the fu<span class=\"_ _0\"></span>lf<span class=\"_ _0\"></span>ilme<span class=\"_ _0\"></span>nt cas<span class=\"_ _0\"></span>h flows exce<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d the cur<span class=\"_ _0\"></span>rent c<span class=\"_ _0\"></span>arr<span class=\"_ _3\"></span>yin<span class=\"_ _0\"></span>g amou<span class=\"_ _0\"></span>nt of the CS<span class=\"_ _0\"></span>M<span class=\"_ _0\"></span>, givi<span class=\"_ _0\"></span>ng ris<span class=\"_ _0\"></span>e to <span class=\"_ _1\"></span>a loss<span class=\"_ _0\"></span>; or</span></span> <span class=\"_ _9f\"></span><span class=\"ff4\">\u2212<span class=\"_ _21\"> </span><span class=\"ff3 ls9\">such d<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>rease<span class=\"_ _0\"></span>s in th<span class=\"_ _0\"></span>e fulf<span class=\"_ _0\"></span>ilm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t cas<span class=\"_ _0\"></span>h fl<span class=\"_ _0\"></span>ows are allo<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>ted to the lo<span class=\"_ _0\"></span>ss co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ent of th<span class=\"_ _0\"></span>e liabi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y for re<span class=\"_ _0\"></span>mai<span class=\"_ _0\"></span>ning c<span class=\"_ _0\"></span>over<span class=\"_ _0\"></span>age<span class=\"_ _3b2\"> </span></span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">the am<span class=\"_ _0\"></span>ount re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed as insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce reven<span class=\"_ _0\"></span>ue be<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>use of the tran<span class=\"_ _0\"></span>sfer of ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ice<span class=\"_ _0\"></span>s in the pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d, de<span class=\"_ _0\"></span>term<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d by alloc<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of the CS<span class=\"_ _0\"></span>M at the end<span class=\"_ _0\"></span> </span>of the pe<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>od over t<span class=\"_ _0\"></span>he cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nt an<span class=\"_ _0\"></span>d rema<span class=\"_ _0\"></span>inin<span class=\"_ _0\"></span>g cover<span class=\"_ _0\"></span>age p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iod<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">the ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t of any curren<span class=\"_ _0\"></span>cy exch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e dif<span class=\"_ _0\"></span>feren<span class=\"_ _0\"></span>ces o<span class=\"_ _0\"></span>n the C<span class=\"_ _0\"></span>SM<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></span>Th<span class=\"_ _0\"></span>e chan<span class=\"_ _0\"></span>ges in ful<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>lme<span class=\"_ _0\"></span>nt cas<span class=\"_ _0\"></span>h flows rel<span class=\"_ _0\"></span>ating to futu<span class=\"_ _0\"></span>re ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e that adjus<span class=\"_ _0\"></span>t the C<span class=\"_ _0\"></span>SM c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>ris<span class=\"_ _0\"></span>e:<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">exp<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ce adj<span class=\"_ _0\"></span>ustm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s that ar<span class=\"_ _0\"></span>ise fr<span class=\"_ _0\"></span>om th<span class=\"_ _0\"></span>e dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en th<span class=\"_ _0\"></span>e pre<span class=\"_ _0\"></span>mium re<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ipts (net of refu<span class=\"_ _0\"></span>nds) and any re<span class=\"_ _0\"></span>lated c<span class=\"_ _0\"></span>ash f<span class=\"_ _0\"></span>lows su<span class=\"_ _0\"></span>ch as<span class=\"_ _0\"></span> </span>insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce acq<span class=\"_ _0\"></span>uisi<span class=\"_ _0\"></span>tion c<span class=\"_ _0\"></span>ash f<span class=\"_ _0\"></span>lows and insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce pre<span class=\"_ _0\"></span>miu<span class=\"_ _0\"></span>m taxes and th<span class=\"_ _0\"></span>e estim<span class=\"_ _0\"></span>ate, at the be<span class=\"_ _0\"></span>ginn<span class=\"_ _0\"></span>ing of the pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d, of the am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ts expe<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d. Dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>es rel<span class=\"_ _0\"></span>ated to prem<span class=\"_ _0\"></span>iums re<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ive<span class=\"_ _0\"></span>d (or due) in resp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t of cur<span class=\"_ _0\"></span>rent o<span class=\"_ _0\"></span>r pas<span class=\"_ _0\"></span>t ser<span class=\"_ _3\"></span>vice<span class=\"_ _0\"></span>s are re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed im<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>diatel<span class=\"_ _0\"></span>y in prof<span class=\"_ _0\"></span>it o<span class=\"_ _0\"></span>r los<span class=\"_ _0\"></span>s whil<span class=\"_ _0\"></span>e dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>s relate<span class=\"_ _0\"></span>d to premi<span class=\"_ _0\"></span>ums re<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ived (or du<span class=\"_ _0\"></span>e) for futu<span class=\"_ _0\"></span>re ser<span class=\"_ _3\"></span>vice<span class=\"_ _0\"></span>s are ad<span class=\"_ _0\"></span>justed i<span class=\"_ _0\"></span>n the C<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>M<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>s in estim<span class=\"_ _0\"></span>ates of the presen<span class=\"_ _0\"></span>t value of futu<span class=\"_ _0\"></span>re cash f<span class=\"_ _0\"></span>lows in the lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y for remain<span class=\"_ _0\"></span>ing cove<span class=\"_ _0\"></span>rag<span class=\"_ _0\"></span>e, exce<span class=\"_ _0\"></span>pt thos<span class=\"_ _0\"></span>e relatin<span class=\"_ _0\"></span>g to the time value<span class=\"_ _0\"></span> </span>of<span class=\"_ gsec\"> </span>mon<span class=\"_ _0\"></span>ey and ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>es in fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>ial ris<span class=\"_ _0\"></span>k (which are instea<span class=\"_ _0\"></span>d reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed in th<span class=\"_ _0\"></span>e stateme<span class=\"_ _0\"></span>nt of profi<span class=\"_ _0\"></span>t or los<span class=\"_ _0\"></span>s and othe<span class=\"_ _0\"></span>r com<span class=\"_ _0\"></span>pre<span class=\"_ _0\"></span>hen<span class=\"_ _0\"></span>sive inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e)<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>s be<span class=\"_ _0\"></span>twe<span class=\"_ _0\"></span>en a<span class=\"_ _0\"></span>ny investm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t co<span class=\"_ _0\"></span>mpo<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>nt exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted to be<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me pay<span class=\"_ _0\"></span>able i<span class=\"_ _0\"></span>n the p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iod a<span class=\"_ _0\"></span>nd th<span class=\"_ _0\"></span>e actu<span class=\"_ _0\"></span>al inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ent t<span class=\"_ _0\"></span>hat </span>be<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>mes p<span class=\"_ _0\"></span>ayabl<span class=\"_ _0\"></span>e in the p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>s in the risk adju<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent for no<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-f<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial ris<span class=\"_ _0\"></span>k that relate to future se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce.<span class=\"_ _3b2\"> </span></span>Adjus<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nts to the C<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>M n<span class=\"_ _0\"></span>oted above a<span class=\"_ _0\"></span>re mea<span class=\"_ _0\"></span>sure<span class=\"_ _0\"></span>d at disc<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nt rates th<span class=\"_ _0\"></span>at refl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t the c<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>acter<span class=\"_ _0\"></span>isti<span class=\"_ _0\"></span>cs of th<span class=\"_ _0\"></span>e cas<span class=\"_ _0\"></span>h fl<span class=\"_ _0\"></span>ows of the gro<span class=\"_ _0\"></span>up of ins<span class=\"_ _0\"></span>ura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts at initi<span class=\"_ _0\"></span>al rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>on (i.e<span class=\"_ _0\"></span>. the weighte<span class=\"_ _0\"></span>d average of the rates ap<span class=\"_ _0\"></span>plic<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e at the date of initial rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nit<span class=\"_ _0\"></span>ion of con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts that joi<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>d a group over a 1<span class=\"_ _1\"></span>2-<span class=\"_ _0\"></span>mon<span class=\"_ _0\"></span>th per<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d).<span class=\"_ _3b2\"> </span>Onerous contracts<span class=\"_ _3b2\"> </span>Grou<span class=\"_ _0\"></span>ps of co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts th<span class=\"_ _0\"></span>at were n<span class=\"_ _0\"></span>ot one<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>s at ini<span class=\"_ _0\"></span>tial re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>tion c<span class=\"_ _0\"></span>an su<span class=\"_ _0\"></span>bse<span class=\"_ _0\"></span>que<span class=\"_ _0\"></span>ntl<span class=\"_ _0\"></span>y be<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me o<span class=\"_ _0\"></span>nero<span class=\"_ _0\"></span>us if as<span class=\"_ _0\"></span>sum<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>ns and ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e ex<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>guis<span class=\"_ _0\"></span>h the<span class=\"_ _0\"></span> C<span class=\"_ _0\"></span>SM<span class=\"_ _0\"></span>. In this case, the Grou<span class=\"_ _0\"></span>p estab<span class=\"_ _0\"></span>lishe<span class=\"_ _0\"></span>s a <span class=\"_ _1\"></span>los<span class=\"_ _0\"></span>s comp<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ent for the futu<span class=\"_ _0\"></span>re losse<span class=\"_ _0\"></span>s reco<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d. Th<span class=\"_ _0\"></span>e loss co<span class=\"_ _0\"></span>mpo<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>nt is release<span class=\"_ _0\"></span>d based on a systemati<span class=\"_ _0\"></span>c allo<span class=\"_ _0\"></span>cati<span class=\"_ _0\"></span>on of the subs<span class=\"_ _0\"></span>equ<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t chan<span class=\"_ _0\"></span>ges in the fu<span class=\"_ _0\"></span>lf<span class=\"_ _0\"></span>ilm<span class=\"_ _0\"></span>ent cas<span class=\"_ _0\"></span>h fl<span class=\"_ _0\"></span>ows to: <span class=\"_ _1\"></span>(i) the lo<span class=\"_ _0\"></span>ss co<span class=\"_ _0\"></span>mpo<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>; and (ii) the lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y for remain<span class=\"_ _0\"></span>ing cove<span class=\"_ _0\"></span>rag<span class=\"_ _0\"></span>e excludi<span class=\"_ _0\"></span>ng the los<span class=\"_ _0\"></span>s com<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>nt. T<span class=\"_ _0\"></span>he los<span class=\"_ _0\"></span>s com<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>nt is also upda<span class=\"_ _0\"></span>ted for subse<span class=\"_ _0\"></span>que<span class=\"_ _0\"></span>nt ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>es in esti<span class=\"_ _0\"></span>mates of the fulf<span class=\"_ _0\"></span>ilm<span class=\"_ _0\"></span>ent c<span class=\"_ _0\"></span>ash fl<span class=\"_ _0\"></span>ows related to futu<span class=\"_ _0\"></span>re ser<span class=\"_ _3\"></span>vice<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e systemat<span class=\"_ _0\"></span>ic allo<span class=\"_ _0\"></span>cati<span class=\"_ _0\"></span>on of subse<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>ent ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>es to the loss co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ent res<span class=\"_ _0\"></span>ults in th<span class=\"_ _0\"></span>e total amoun<span class=\"_ _0\"></span>ts allo<span class=\"_ _0\"></span>cated to the los<span class=\"_ _0\"></span>s com<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>nen<span class=\"_ _0\"></span>t bei<span class=\"_ _0\"></span>ng equ<span class=\"_ _0\"></span>al to zero by the end of the covera<span class=\"_ _0\"></span>ge pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d of a group of contr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>s (<span class=\"_ _1\"></span>sinc<span class=\"_ _0\"></span>e the los<span class=\"_ _0\"></span>s com<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>nt will have material<span class=\"_ _0\"></span>ised in th<span class=\"_ _0\"></span>e form of inc<span class=\"_ _0\"></span>urre<span class=\"_ _0\"></span>d clai<span class=\"_ _0\"></span>ms). The loss co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ent en<span class=\"_ _0\"></span>sure<span class=\"_ _0\"></span>s that over the dur<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of the contr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t, the c<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>t amou<span class=\"_ _0\"></span>nts are rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d as insur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e revenu<span class=\"_ _0\"></span>e and ins<span class=\"_ _0\"></span>uran<span class=\"_ _0\"></span>ce se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce exp<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>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 se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e ma<span class=\"_ _0\"></span>rg<span class=\"_ _0\"></span>in (C<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>M) \u2013 r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>gn<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e amou<span class=\"_ _0\"></span>nt of CS<span class=\"_ _0\"></span>M rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in the inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e statem<span class=\"_ _0\"></span>ent for a grou<span class=\"_ _0\"></span>p of insuran<span class=\"_ _0\"></span>ce co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>acts ref<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>cts th<span class=\"_ _0\"></span>e insur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>ct ser<span class=\"_ _3\"></span>vic<span class=\"_ _0\"></span>es provi<span class=\"_ _0\"></span>ded<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e prop<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>tion of the C<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>M earn<span class=\"_ _0\"></span>ed is cal<span class=\"_ _0\"></span>cul<span class=\"_ _0\"></span>ated as the amo<span class=\"_ _0\"></span>unt of cover<span class=\"_ _0\"></span>age un<span class=\"_ _0\"></span>its prov<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>d in the per<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d divid<span class=\"_ _0\"></span>ed by the su<span class=\"_ _0\"></span>m of<span class=\"_ gsec\"> </span>all<span class=\"_ gsec\"> </span>the fu<span class=\"_ _0\"></span>ture and cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nt per<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d cover<span class=\"_ _0\"></span>age uni<span class=\"_ _0\"></span>ts. T<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up has el<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted to discou<span class=\"_ _0\"></span>nt the fu<span class=\"_ _0\"></span>ture cove<span class=\"_ _0\"></span>rag<span class=\"_ _0\"></span>e units in this c<span class=\"_ _0\"></span>alc<span class=\"_ _0\"></span>ulatio<span class=\"_ _0\"></span>n. T<span class=\"_ _0\"></span>he tab<span class=\"_ _0\"></span>le be<span class=\"_ _0\"></span>low<span class=\"_ gsec\"> </span>ind<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ates the main<span class=\"_ _0\"></span> insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces pr<span class=\"_ _0\"></span>ovide<span class=\"_ _0\"></span>d und<span class=\"_ _0\"></span>er the G<span class=\"_ _0\"></span>roup\u2019s insu<span class=\"_ _0\"></span>ranc<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts and se<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>cted c<span class=\"_ _0\"></span>overag<span class=\"_ _0\"></span>e uni<span class=\"_ _0\"></span>t(s<span class=\"_ _1\"></span>) used to<span class=\"_ gsec\"> </span>measu<span class=\"_ _0\"></span>re those se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ice<span class=\"_ _0\"></span>s.<span class=\"_ _3b2\"> </span><table class=\"s wf0 h127\" id=\"_64f25476-3f0c-4aa9-bef1-c004d3f366d4\"><tr><td class=\"c n x1cb y4152 wf1 h128\"><div class=\"t m0 x1ca h13 y4151 ff6 fs9 fc1 sc0 ls37 ws7\">Insurance <span class=\"_ _1\"></span>contract<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3ea y4152 wf2 h128\"><div class=\"t m0 x1ca h13 y4151 ff6 fs9 fc1 sc0 ls3d ws131\">Insurance service<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3eb y4152 wf3 h128\"><div class=\"t m0 x1ca h13 y4151 ff6 fs9 fc1 sc0 ls18 ws32\">Cov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ge un<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>(s)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4153 wf4 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 lsea ws27\">Immediate annuity<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3ec y4153 wf5 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Payment of<span class=\"_ _1\"></span> insurance claims<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3ed y4153 wf6 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted a<span class=\"_ _0\"></span>nnu<span class=\"_ _0\"></span>al c<span class=\"_ _0\"></span>lai<span class=\"_ _0\"></span>ms pay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4154 wf7 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Deferred annuity<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3ee y4154 wf8 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">P<span class=\"_ _0\"></span>aym<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t of ins<span class=\"_ _0\"></span>ura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e cl<span class=\"_ _0\"></span>aim<span class=\"_ _0\"></span>s (p<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt ph<span class=\"_ _0\"></span>ase)<span class=\"_ _3b2\"> </span></div></td><td class=\"t m0 x3ef h1a y4155 ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted a<span class=\"_ _0\"></span>nnu<span class=\"_ _0\"></span>al c<span class=\"_ _0\"></span>lai<span class=\"_ _0\"></span>ms pay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s </td></tr><tr><td></td><td class=\"t m0 x3f0 h1a y4156 ff3 fs6 fc1 sc0 ls56 ws0\">Inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t retu<span class=\"_ _0\"></span>rn s<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>vic<span class=\"_ _0\"></span>e (defer<span class=\"_ _0\"></span>ral p<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>se)<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x3ef h1a y4156 ff3 fs6 fc1 sc0 ls10e ws54\">Exp<span class=\"_ _0\"></span>ected inv<span class=\"_ _1\"></span>estment return on<span class=\"_ _1\"></span> backing assets<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m0 x3f0 h1a y4157 ff3 fs6 fc1 sc0 ls56 ws0\">Lum<span class=\"_ _0\"></span>p su<span class=\"_ _0\"></span>m de<span class=\"_ _0\"></span>ath b<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>its (defe<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>al p<span class=\"_ _0\"></span>has<span class=\"_ _0\"></span>e)<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x3ef h1a y4157 ff3 fs6 fc1 sc0 ls10e ws54\">Sum assured<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y4121 wf9 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls149 ws29\">Longevi<span class=\"_ _0\"></span>ty swaps<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3f1 y4121 wfa h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Pay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt of f<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ng l<span class=\"_ _0\"></span>eg of sw<span class=\"_ _0\"></span>ap<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3ed y4121 wfb h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted a<span class=\"_ _0\"></span>nnu<span class=\"_ _0\"></span>al f<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ng le<span class=\"_ _0\"></span>g pay<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4158 wfc h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls112 ws1e\">Retail Protectio<span class=\"_ _0\"></span>n<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3f2 y4158 wfd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls113 ws5b\">Potent<span class=\"_ _1\"></span>ial mortality or<span class=\"_ _1\"></span> morbidity cla<span class=\"_ _1\"></span>ims<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3f3 y4158 wfe h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10e ws54\">Sum assured<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae wff h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls113 ws5b\">Group P<span class=\"_ _1\"></span>rot<span class=\"_ _1\"></span>ection<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3f4 y40ae w100 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls113 ws5b\">Pot<span class=\"_ _1\"></span>ential<span class=\"_ _1\"></span> mortality or morbid<span class=\"_ _1\"></span>ity claims<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3f5 y40ae wfe h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10e ws54\">Sum assured<span class=\"_ _3b2\"> </span></div></td></tr></table>Wh<span class=\"_ _0\"></span>ere a spe<span class=\"_ _0\"></span>cif<span class=\"_ _0\"></span>ic un<span class=\"_ _0\"></span>it of acc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t cont<span class=\"_ _0\"></span>ains a mix<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>re of ser<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces<span class=\"_ _0\"></span>, and th<span class=\"_ _0\"></span>erefore c<span class=\"_ _0\"></span>overa<span class=\"_ _0\"></span>ge uni<span class=\"_ _0\"></span>ts, it is ne<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ssa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y to weight the cove<span class=\"_ _0\"></span>rag<span class=\"_ _0\"></span>e unit<span class=\"_ _0\"></span>s so that the resu<span class=\"_ _0\"></span>ltin<span class=\"_ _0\"></span>g prof<span class=\"_ _0\"></span>ile of CS<span class=\"_ _0\"></span>M rel<span class=\"_ _0\"></span>ease ref<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>cts the ove<span class=\"_ _0\"></span>rall pac<span class=\"_ _0\"></span>kag<span class=\"_ _0\"></span>e of benef<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ts provid<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>. This is par<span class=\"_ _3\"></span>ticul<span class=\"_ _0\"></span>arl<span class=\"_ _0\"></span>y per<span class=\"_ _3\"></span>tine<span class=\"_ _0\"></span>nt to units of acc<span class=\"_ _0\"></span>ount in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ating<span class=\"_ _0\"></span> a com<span class=\"_ _0\"></span>binat<span class=\"_ _0\"></span>ion of imm<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>ate and deferre<span class=\"_ _0\"></span>d annu<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>es. Un<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r IFR<span class=\"_ _0\"></span>S 1<span class=\"_ _1\"></span>7<span class=\"_ _4\"></span>, defer<span class=\"_ _0\"></span>red ann<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>ies usu<span class=\"_ _0\"></span>ally prov<span class=\"_ _0\"></span>ide mu<span class=\"_ _0\"></span>ltip<span class=\"_ _0\"></span>le ser<span class=\"_ _3\"></span>vic<span class=\"_ _0\"></span>es, s<span class=\"_ _0\"></span>plit b<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n the two<span class=\"_ _0\"></span> phas<span class=\"_ _0\"></span>es of benef<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t provisi<span class=\"_ _0\"></span>on (the defer<span class=\"_ _0\"></span>ral ph<span class=\"_ _0\"></span>ase and th<span class=\"_ _0\"></span>e payme<span class=\"_ _0\"></span>nt pha<span class=\"_ _0\"></span>se). <span class=\"_ _1\"></span>Ju<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt is therefo<span class=\"_ _0\"></span>re requi<span class=\"_ _0\"></span>red to com<span class=\"_ _0\"></span>bin<span class=\"_ _0\"></span>e the dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nt cover<span class=\"_ _0\"></span>age uni<span class=\"_ _0\"></span>ts so that the<span class=\"_ _0\"></span>y fairly ref<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>ct th<span class=\"_ _0\"></span>e ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ice<span class=\"_ _0\"></span>s provid<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>. The wei<span class=\"_ _0\"></span>ghtin<span class=\"_ _0\"></span>g bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en the defe<span class=\"_ _0\"></span>rra<span class=\"_ _0\"></span>l phase an<span class=\"_ _0\"></span>d the paym<span class=\"_ _0\"></span>ent ph<span class=\"_ _0\"></span>ase cove<span class=\"_ _0\"></span>rag<span class=\"_ _0\"></span>e units is cal<span class=\"_ _0\"></span>cul<span class=\"_ _0\"></span>ated so that th<span class=\"_ _0\"></span>e ser<span class=\"_ _3\"></span>vic<span class=\"_ _0\"></span>es prov<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e defer<span class=\"_ _0\"></span>ral ph<span class=\"_ _0\"></span>ase ref<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>ct th<span class=\"_ _0\"></span>e inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt retu<span class=\"_ _0\"></span>rn p<span class=\"_ _0\"></span>rovid<span class=\"_ _0\"></span>ed an<span class=\"_ _0\"></span>d the p<span class=\"_ _0\"></span>roba<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y weigh<span class=\"_ _0\"></span>ted del<span class=\"_ _0\"></span>iver<span class=\"_ _3\"></span>y of any lump s<span class=\"_ _0\"></span>um de<span class=\"_ _0\"></span>ath ben<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>its<span class=\"_ _0\"></span>, both adju<span class=\"_ _0\"></span>sted so that all of the C<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>M is earn<span class=\"_ _0\"></span>ed in the de<span class=\"_ _0\"></span>ferr<span class=\"_ _0\"></span>al phase for all co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>acts whi<span class=\"_ _0\"></span>ch do not e<span class=\"_ _0\"></span>nter the paym<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t phase ei<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r throu<span class=\"_ _0\"></span>gh tran<span class=\"_ _0\"></span>sfer out<span class=\"_ _0\"></span>, with<span class=\"_ _0\"></span>drawal of fun<span class=\"_ _0\"></span>ds or deat<span class=\"_ _0\"></span>h.<span class=\"_ _3b2\"> </span>Inv<span class=\"_ _1\"></span>estment components<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p ide<span class=\"_ _0\"></span>ntif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s the inve<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>nen<span class=\"_ _0\"></span>t of a con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>t by de<span class=\"_ _0\"></span>termi<span class=\"_ _0\"></span>ning t<span class=\"_ _0\"></span>he am<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nt that i<span class=\"_ _0\"></span>t would b<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>quire<span class=\"_ _0\"></span>d to repay to the p<span class=\"_ _0\"></span>oli<span class=\"_ _0\"></span>cyh<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>der i<span class=\"_ _0\"></span>n all sce<span class=\"_ _0\"></span>nar<span class=\"_ _0\"></span>ios wit<span class=\"_ _0\"></span>h com<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>rcial su<span class=\"_ _0\"></span>bst<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e. Invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt com<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>nts are not inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>ed in ins<span class=\"_ _0\"></span>uran<span class=\"_ _0\"></span>ce reve<span class=\"_ _0\"></span>nue an<span class=\"_ _0\"></span>d insur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e ser<span class=\"_ _3\"></span>vice ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nses<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Insurance finance income<span class=\"_ _1\"></span> and e<span class=\"_ _1\"></span>xpense<span class=\"_ _3b2\"> </span>Insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nce i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e and ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nses c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pri<span class=\"_ _0\"></span>se ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>es in th<span class=\"_ _0\"></span>e car<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>nts of gro<span class=\"_ _0\"></span>ups of in<span class=\"_ _0\"></span>sura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts ar<span class=\"_ _0\"></span>isin<span class=\"_ _0\"></span>g from t<span class=\"_ _0\"></span>he ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>ts of the tim<span class=\"_ _0\"></span>e value of mon<span class=\"_ _0\"></span>ey, finan<span class=\"_ _0\"></span>cial r<span class=\"_ _0\"></span>isk and ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>es the<span class=\"_ _0\"></span>rein<span class=\"_ _0\"></span>. IFR<span class=\"_ _0\"></span>S 1<span class=\"_ _1\"></span>7 requir<span class=\"_ _0\"></span>es an acc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ting po<span class=\"_ _0\"></span>lic<span class=\"_ _0\"></span>y dec<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>n as to <span class=\"_ _1\"></span>whe<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r to recog<span class=\"_ _0\"></span>nise all fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>ce inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e or expe<span class=\"_ _0\"></span>nse in prof<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t or loss<span class=\"_ _0\"></span>, or whe<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r to disaggre<span class=\"_ _0\"></span>gate the inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e or exp<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>e that relates to chang<span class=\"_ _0\"></span>es in f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial as<span class=\"_ _0\"></span>sum<span class=\"_ _0\"></span>ption<span class=\"_ _0\"></span>s into other co<span class=\"_ _0\"></span>mpre<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>nsive inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e. Fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e inco<span class=\"_ _0\"></span>me and exp<span class=\"_ _0\"></span>ense has be<span class=\"_ _0\"></span>en inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>ed in profi<span class=\"_ _0\"></span>t or loss for all <span class=\"_ _1\"></span>insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce prod<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>ts except for the Group\u2019s protecti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span> busi<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>s where it ha<span class=\"_ _0\"></span>s bee<span class=\"_ _0\"></span>n disag<span class=\"_ _0\"></span>gre<span class=\"_ _0\"></span>gated be<span class=\"_ _0\"></span>twe<span class=\"_ _0\"></span>en prof<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t and loss an<span class=\"_ _0\"></span>d other c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>preh<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>ive inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e. Wh<span class=\"_ _0\"></span>ere ins<span class=\"_ _0\"></span>uran<span class=\"_ _0\"></span>ce f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e inco<span class=\"_ _0\"></span>me an<span class=\"_ _0\"></span>d exp<span class=\"_ _0\"></span>ense h<span class=\"_ _0\"></span>as be<span class=\"_ _0\"></span>en d<span class=\"_ _0\"></span>isag<span class=\"_ _0\"></span>greg<span class=\"_ _0\"></span>ated th<span class=\"_ _0\"></span>e amo<span class=\"_ _0\"></span>unt in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d in prof<span class=\"_ _0\"></span>it o<span class=\"_ _0\"></span>r lo<span class=\"_ _0\"></span>ss is de<span class=\"_ _0\"></span>term<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d by a syste<span class=\"_ _0\"></span>matic al<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>catio<span class=\"_ _0\"></span>n of the ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d total insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>e inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e or exp<span class=\"_ _0\"></span>ense<span class=\"_ _0\"></span>s over the dur<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of the group of con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>, using th<span class=\"_ _0\"></span>e disco<span class=\"_ _0\"></span>unt rates de<span class=\"_ _0\"></span>term<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d on init<span class=\"_ _0\"></span>ial rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>niti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>. Chan<span class=\"_ _0\"></span>ges i<span class=\"_ _0\"></span>n the r<span class=\"_ _0\"></span>isk ad<span class=\"_ _0\"></span>just<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t for no<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-f<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial ris<span class=\"_ _0\"></span>k have be<span class=\"_ _0\"></span>en di<span class=\"_ _0\"></span>sagg<span class=\"_ _0\"></span>reg<span class=\"_ _0\"></span>ated be<span class=\"_ _0\"></span>twe<span class=\"_ _0\"></span>en i<span class=\"_ _0\"></span>nsur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce res<span class=\"_ _0\"></span>ult a<span class=\"_ _0\"></span>nd ins<span class=\"_ _0\"></span>uran<span class=\"_ _0\"></span>ce f<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me and <span class=\"_ _1\"></span>expenses.<span class=\"_ _3b2\"> </span>Rei<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nc<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>ts he<span class=\"_ _0\"></span>ld \u2013 su<span class=\"_ _0\"></span>bse<span class=\"_ _0\"></span>q<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span>nt m<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e subs<span class=\"_ _0\"></span>equ<span class=\"_ _0\"></span>ent m<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>urem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t of reinsu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>ts he<span class=\"_ _0\"></span>ld follows t<span class=\"_ _0\"></span>he sa<span class=\"_ _0\"></span>me pr<span class=\"_ _0\"></span>inc<span class=\"_ _0\"></span>ipl<span class=\"_ _0\"></span>es as th<span class=\"_ _0\"></span>ose for i<span class=\"_ _0\"></span>nsur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts is<span class=\"_ _0\"></span>sue<span class=\"_ _0\"></span>d exce<span class=\"_ _0\"></span>pt that<span class=\"_ _0\"></span> cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>s in the f<span class=\"_ _0\"></span>ulf<span class=\"_ _0\"></span>ilm<span class=\"_ _0\"></span>ent c<span class=\"_ _0\"></span>ash f<span class=\"_ _0\"></span>lows a<span class=\"_ _0\"></span>re rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in prof<span class=\"_ _0\"></span>it o<span class=\"_ _0\"></span>r los<span class=\"_ _0\"></span>s if th<span class=\"_ _0\"></span>e related c<span class=\"_ _0\"></span>han<span class=\"_ _0\"></span>ges a<span class=\"_ _0\"></span>risi<span class=\"_ _0\"></span>ng fro<span class=\"_ _0\"></span>m the u<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>rl<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g ce<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts are<span class=\"_ _0\"></span> rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d in profi<span class=\"_ _0\"></span>t or loss<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Derecognition<span class=\"_ _1\"></span> and con<span class=\"_ _1\"></span>tract modi<span class=\"_ _1\"></span>fication<span class=\"_ _1\"></span> of i<span class=\"_ _1\"></span>nsurance contra<span class=\"_ _1\"></span>cts<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Group de<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>s a contr<span class=\"_ _0\"></span>act wh<span class=\"_ _0\"></span>en it is ex<span class=\"_ _0\"></span>ting<span class=\"_ _0\"></span>uish<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>, i.e. whe<span class=\"_ _0\"></span>n the spe<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ed ob<span class=\"_ _0\"></span>ligati<span class=\"_ _0\"></span>ons in the c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act ex<span class=\"_ _0\"></span>pire or are disc<span class=\"_ _0\"></span>harg<span class=\"_ _0\"></span>ed or c<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ell<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p also d<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>es a co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>act if i<span class=\"_ _0\"></span>ts ter<span class=\"_ _0\"></span>ms are m<span class=\"_ _0\"></span>odi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ed in a way th<span class=\"_ _0\"></span>at woul<span class=\"_ _0\"></span>d have cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>d the a<span class=\"_ _0\"></span>cc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ting for t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act s<span class=\"_ _0\"></span>igni<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>can<span class=\"_ _0\"></span>tly had the ne<span class=\"_ _0\"></span>w terms always exis<span class=\"_ _0\"></span>ted, in whi<span class=\"_ _0\"></span>ch ca<span class=\"_ _0\"></span>se a new con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>t base<span class=\"_ _0\"></span>d on the mo<span class=\"_ _0\"></span>dif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d terms is rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d. If a con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>t mod<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ation do<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span> not<span class=\"_ gsec\"> </span>res<span class=\"_ _0\"></span>ult in de<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>niti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>, then th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p treats the ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>es in cas<span class=\"_ _0\"></span>h flows ca<span class=\"_ _0\"></span>use<span class=\"_ _0\"></span>d by the modi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>cati<span class=\"_ _0\"></span>on as cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>s in estim<span class=\"_ _0\"></span>ates of fulfil<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt cas<span class=\"_ _0\"></span>h<span class=\"_ gsec\"> </span>fl<span class=\"_ _0\"></span>ows.<span class=\"_ _3b2\"> </span>Full<span class=\"_ _1\"></span> retrospective approach<span class=\"_ _3b2\"> </span>For ins<span class=\"_ _0\"></span>uran<span class=\"_ _0\"></span>ce an<span class=\"_ _0\"></span>d reinsu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>acts wh<span class=\"_ _0\"></span>ere th<span class=\"_ _0\"></span>e full retro<span class=\"_ _0\"></span>spe<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ve appr<span class=\"_ _0\"></span>oac<span class=\"_ _0\"></span>h was adopted<span class=\"_ _0\"></span>, the be<span class=\"_ _0\"></span>st esti<span class=\"_ _0\"></span>mate and ris<span class=\"_ _0\"></span>k adjust<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt com<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>nts of fulf<span class=\"_ _0\"></span>ilm<span class=\"_ _0\"></span>ent c<span class=\"_ _0\"></span>ash f<span class=\"_ _0\"></span>lows we<span class=\"_ _0\"></span>re rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d and m<span class=\"_ _0\"></span>easu<span class=\"_ _0\"></span>red u<span class=\"_ _0\"></span>sing t<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up\u2019s acc<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nting p<span class=\"_ _0\"></span>oli<span class=\"_ _0\"></span>cie<span class=\"_ _0\"></span>s from t<span class=\"_ _0\"></span>he in<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>n date of the c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>s to the date of <span class=\"_ _1\"></span>tran<span class=\"_ _0\"></span>siti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>. The full <span class=\"_ _1\"></span>retro<span class=\"_ _0\"></span>spe<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ive approa<span class=\"_ _0\"></span>ch was <span class=\"_ _1\"></span>deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ed to <span class=\"_ _1\"></span>be imprac<span class=\"_ _0\"></span>tic<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e where: the effec<span class=\"_ _0\"></span>ts of <span class=\"_ _1\"></span>retrosp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tive appli<span class=\"_ _0\"></span>cati<span class=\"_ _0\"></span>on were not <span class=\"_ _1\"></span>deter<span class=\"_ _0\"></span>mina<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span> be<span class=\"_ _0\"></span>cau<span class=\"_ _0\"></span>se infor<span class=\"_ _0\"></span>mati<span class=\"_ _0\"></span>on re<span class=\"_ _0\"></span>quire<span class=\"_ _0\"></span>d was not c<span class=\"_ _0\"></span>oll<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted (or not wit<span class=\"_ _0\"></span>h suf<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ici<span class=\"_ _0\"></span>ent g<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ular<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y);`<span class=\"_ _1\"></span>appl<span class=\"_ _0\"></span>icat<span class=\"_ _0\"></span>ion wo<span class=\"_ _0\"></span>uld re<span class=\"_ _0\"></span>quire t<span class=\"_ _0\"></span>he ap<span class=\"_ _0\"></span>plic<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of hind<span class=\"_ _0\"></span>sigh<span class=\"_ _0\"></span>t; o<span class=\"_ _0\"></span>r inform<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n was unavailab<span class=\"_ _0\"></span>le be<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>use of system mig<span class=\"_ _0\"></span>ratio<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>, data retenti<span class=\"_ _0\"></span>on req<span class=\"_ _0\"></span>uire<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts or othe<span class=\"_ _0\"></span>r reaso<span class=\"_ _0\"></span>ns.<span class=\"_ _3b2\"> </span>Modified retrospective approach<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e obje<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ive of the m<span class=\"_ _0\"></span>odi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ed re<span class=\"_ _0\"></span>trosp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tive a<span class=\"_ _0\"></span>ppro<span class=\"_ _0\"></span>ach i<span class=\"_ _0\"></span>s to achie<span class=\"_ _0\"></span>ve the c<span class=\"_ _0\"></span>lose<span class=\"_ _0\"></span>st ou<span class=\"_ _0\"></span>tco<span class=\"_ _0\"></span>me to retro<span class=\"_ _0\"></span>spe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tive ap<span class=\"_ _0\"></span>plic<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n pos<span class=\"_ _0\"></span>sib<span class=\"_ _0\"></span>le usi<span class=\"_ _0\"></span>ng reas<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span> and<span class=\"_ gsec\"> </span>su<span class=\"_ _0\"></span>pp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e inform<span class=\"_ _0\"></span>ation avail<span class=\"_ _0\"></span>able wi<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>ut un<span class=\"_ _0\"></span>due c<span class=\"_ _0\"></span>ost or ef<span class=\"_ _0\"></span>for<span class=\"_ _3\"></span>t. For ins<span class=\"_ _0\"></span>ura<span class=\"_ _0\"></span>nce an<span class=\"_ _0\"></span>d reins<span class=\"_ _0\"></span>uran<span class=\"_ _0\"></span>ce c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>s where th<span class=\"_ _0\"></span>e modi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ed retr<span class=\"_ _0\"></span>osp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tive app<span class=\"_ _0\"></span>roac<span class=\"_ _0\"></span>h has be<span class=\"_ _0\"></span>en ado<span class=\"_ _0\"></span>pted<span class=\"_ _0\"></span>, the bes<span class=\"_ _0\"></span>t estim<span class=\"_ _0\"></span>ate and risk adju<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s of fulfil<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt cash f<span class=\"_ _0\"></span>lows were rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d and me<span class=\"_ _0\"></span>asure<span class=\"_ _0\"></span>d usin<span class=\"_ _0\"></span>g the Gro<span class=\"_ _0\"></span>up\u2019s acco<span class=\"_ _0\"></span>unti<span class=\"_ _0\"></span>ng po<span class=\"_ _0\"></span>lici<span class=\"_ _0\"></span>es at the date of transi<span class=\"_ _0\"></span>tion exc<span class=\"_ _0\"></span>ept for the ap<span class=\"_ _0\"></span>plic<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of a permi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ted tran<span class=\"_ _0\"></span>siti<span class=\"_ _0\"></span>on mo<span class=\"_ _0\"></span>dif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n that, for so<span class=\"_ _0\"></span>me gro<span class=\"_ _0\"></span>ups of con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts issu<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>efore 1 Janua<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y 20<span class=\"_ _0\"></span>21, <span class=\"_ _1\"></span>the ris<span class=\"_ _0\"></span>k adjust<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt for non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial r<span class=\"_ _0\"></span>isk on ini<span class=\"_ _0\"></span>tial rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nit<span class=\"_ _0\"></span>ion was deter<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ned by adju<span class=\"_ _0\"></span>stin<span class=\"_ _0\"></span>g the amo<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span> at<span class=\"_ gsec\"> </span>1 Janua<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 for the exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted rele<span class=\"_ _0\"></span>ase of risk before th<span class=\"_ _0\"></span>at date. The ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cted rel<span class=\"_ _0\"></span>ease was de<span class=\"_ _0\"></span>termi<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>d with refere<span class=\"_ _0\"></span>nce to the rel<span class=\"_ _0\"></span>ease of risk of simil<span class=\"_ _0\"></span>ar con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>cts that th<span class=\"_ _0\"></span>e Group is<span class=\"_ _0\"></span>sue<span class=\"_ _0\"></span>d in 202<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>is modi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>cati<span class=\"_ _0\"></span>on was use<span class=\"_ _0\"></span>d to a<span class=\"_ _1\"></span>void the ap<span class=\"_ _0\"></span>plic<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of hindsi<span class=\"_ _0\"></span>ght to the calib<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>on of the risk<span class=\"_ _0\"></span> adjus<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt in pri<span class=\"_ _0\"></span>or pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>ds<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Fair<span class=\"_ _1\"></span> value approa<span class=\"_ _1\"></span>ch<span class=\"_ _3b2\"> </span>For ins<span class=\"_ _0\"></span>uran<span class=\"_ _0\"></span>ce an<span class=\"_ _0\"></span>d reinsu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>acts wh<span class=\"_ _0\"></span>ere th<span class=\"_ _0\"></span>e fair value ap<span class=\"_ _0\"></span>proa<span class=\"_ _0\"></span>ch has be<span class=\"_ _0\"></span>en ad<span class=\"_ _0\"></span>opted<span class=\"_ _0\"></span>, the be<span class=\"_ _0\"></span>st est<span class=\"_ _0\"></span>imate and ris<span class=\"_ _0\"></span>k adjust<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt com<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>nts of<span class=\"_ gsec\"> </span>fulf<span class=\"_ _0\"></span>ilm<span class=\"_ _0\"></span>ent c<span class=\"_ _0\"></span>ash fl<span class=\"_ _0\"></span>ows were deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ed as at 1 Janua<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2. T<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ed th<span class=\"_ _0\"></span>e Con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>tual S<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>vic<span class=\"_ _0\"></span>e Margi<span class=\"_ _0\"></span>n (CSM<span class=\"_ _0\"></span>) of the liabili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y for rema<span class=\"_ _0\"></span>inin<span class=\"_ _0\"></span>g covera<span class=\"_ _0\"></span>ge at the tra<span class=\"_ _0\"></span>nsiti<span class=\"_ _0\"></span>on date, as the di<span class=\"_ _0\"></span>ffe<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>ce be<span class=\"_ _0\"></span>twe<span class=\"_ _0\"></span>en th<span class=\"_ _0\"></span>e fair value of the grou<span class=\"_ _0\"></span>p of insura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>ts and the fu<span class=\"_ _0\"></span>lf<span class=\"_ _0\"></span>ilme<span class=\"_ _0\"></span>nt cas<span class=\"_ _0\"></span>h fl<span class=\"_ _0\"></span>ows measu<span class=\"_ _0\"></span>red at that date. In dete<span class=\"_ _0\"></span>rmi<span class=\"_ _0\"></span>ning fair val<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span>, the Grou<span class=\"_ _0\"></span>p appli<span class=\"_ _0\"></span>ed the re<span class=\"_ _0\"></span>quir<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nts of IFR<span class=\"_ _0\"></span>S 1<span class=\"_ _1\"></span>3, \u2018F<span class=\"_ _0\"></span>air Value Meas<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>\u2019<span class=\"_ _1\"></span>, except for th<span class=\"_ _0\"></span>e dem<span class=\"_ _0\"></span>and de<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>sit f<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>or requ<span class=\"_ _0\"></span>ire<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t.<span class=\"_ _3b2\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForReinsuranceExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-629": {
   "value": "Fin<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l i<span class=\"_ _0\"></span>nst<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ments<span class=\"_ _0\"></span> Recognition<span class=\"_ _1\"></span> and<span class=\"_ _1\"></span> derecognition<span class=\"_ _3b2\"> </span>Init<span class=\"_ _0\"></span>ial rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>on of fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al asse<span class=\"_ _0\"></span>ts and liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es is on the trad<span class=\"_ _0\"></span>e date, whic<span class=\"_ _0\"></span>h is the date on whic<span class=\"_ _0\"></span>h the Gro<span class=\"_ _0\"></span>up be<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>mes a par<span class=\"_ _3\"></span>ty to the co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>ctu<span class=\"_ _0\"></span>al provis<span class=\"_ _0\"></span>ions of the ins<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>. A finan<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>l asset or f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al liabil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y is initi<span class=\"_ _0\"></span>ally me<span class=\"_ _0\"></span>asure<span class=\"_ _0\"></span>d at fair value pl<span class=\"_ _0\"></span>us, for a fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial ass<span class=\"_ _0\"></span>et or f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y not<span class=\"_ gsec\"> </span>me<span class=\"_ _0\"></span>asure<span class=\"_ _0\"></span>d at fair value th<span class=\"_ _0\"></span>roug<span class=\"_ _0\"></span>h profi<span class=\"_ _0\"></span>t or los<span class=\"_ _0\"></span>s, tra<span class=\"_ _0\"></span>nsa<span class=\"_ _0\"></span>ctio<span class=\"_ _0\"></span>n cos<span class=\"_ _0\"></span>ts that are dire<span class=\"_ _0\"></span>ctl<span class=\"_ _0\"></span>y at<span class=\"_ _0\"></span>trib<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>able to its acq<span class=\"_ _0\"></span>uisi<span class=\"_ _0\"></span>tion o<span class=\"_ _0\"></span>r issue<span class=\"_ _0\"></span>. Whe<span class=\"_ _0\"></span>n the fair valu<span class=\"_ _0\"></span>e of<span class=\"_ gsec\"> </span>fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial asse<span class=\"_ _0\"></span>ts and liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>ies dif<span class=\"_ _0\"></span>fer<span class=\"_ _0\"></span>s from the tr<span class=\"_ _0\"></span>ansa<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on pr<span class=\"_ _0\"></span>ice on in<span class=\"_ _0\"></span>itia<span class=\"_ _0\"></span>l reco<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n, th<span class=\"_ _0\"></span>e Group re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>es the dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e as follows:<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">whe<span class=\"_ _0\"></span>n the fair valu<span class=\"_ _0\"></span>e is evide<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>d by a quoted pri<span class=\"_ _0\"></span>ce in an act<span class=\"_ _0\"></span>ive mar<span class=\"_ _0\"></span>ket for an identi<span class=\"_ _0\"></span>cal as<span class=\"_ _0\"></span>set or lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ty (i<span class=\"_ _0\"></span>.e. a Level 1 inpu<span class=\"_ _0\"></span>t) or base<span class=\"_ _0\"></span>d </span>on<span class=\"_ gsec\"> </span>a<span class=\"_ gsec\"> </span>valu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n techn<span class=\"_ _0\"></span>iqu<span class=\"_ _0\"></span>e that uses on<span class=\"_ _0\"></span>ly data fro<span class=\"_ _0\"></span>m obse<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ble mar<span class=\"_ _0\"></span>kets<span class=\"_ _0\"></span>, the dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e is reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed as a gain or los<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">in all other c<span class=\"_ _0\"></span>ases<span class=\"_ _0\"></span>, the dif<span class=\"_ _0\"></span>fer<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>e is deferre<span class=\"_ _0\"></span>d and th<span class=\"_ _0\"></span>e timing of rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>niti<span class=\"_ _0\"></span>on of defer<span class=\"_ _0\"></span>red day one p<span class=\"_ _0\"></span>rofi<span class=\"_ _0\"></span>t or loss is de<span class=\"_ _0\"></span>termi<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>d indi<span class=\"_ _0\"></span>vidu<span class=\"_ _0\"></span>ally. It is eithe<span class=\"_ _0\"></span>r </span>amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>ed over the life of the ins<span class=\"_ _0\"></span>tru<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt, defe<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d until the in<span class=\"_ _0\"></span>str<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>\u2019s fair value ca<span class=\"_ _0\"></span>n be deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ed usi<span class=\"_ _0\"></span>ng mar<span class=\"_ _0\"></span>ket obse<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vab<span class=\"_ _0\"></span>le inp<span class=\"_ _0\"></span>uts o<span class=\"_ _0\"></span>r realise<span class=\"_ _0\"></span>d through <span class=\"_ _1\"></span>settlement.<span class=\"_ _3b2\"> </span>Fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial asse<span class=\"_ _0\"></span>ts are dere<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>sed on<span class=\"_ _0\"></span>ly whe<span class=\"_ _0\"></span>n the co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>ctu<span class=\"_ _0\"></span>al righ<span class=\"_ _0\"></span>ts to the cash fl<span class=\"_ _0\"></span>ows from the as<span class=\"_ _0\"></span>set exp<span class=\"_ _0\"></span>ire, or wh<span class=\"_ _0\"></span>en the G<span class=\"_ _0\"></span>roup tr<span class=\"_ _0\"></span>ansfer<span class=\"_ _0\"></span>s subs<span class=\"_ _0\"></span>tanti<span class=\"_ _0\"></span>ally all th<span class=\"_ _0\"></span>e risks and rewa<span class=\"_ _0\"></span>rds of owner<span class=\"_ _0\"></span>ship to anoth<span class=\"_ _0\"></span>er enti<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y. <span class=\"_ _1\"></span>Th<span class=\"_ _0\"></span>is is the case for ca<span class=\"_ _0\"></span>sh col<span class=\"_ _0\"></span>lateral pl<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>ged<span class=\"_ _0\"></span>, whe<span class=\"_ _0\"></span>re the co<span class=\"_ _0\"></span>unter<span class=\"_ _0\"></span>par<span class=\"_ _3\"></span>ty has<span class=\"_ _0\"></span> con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>tua<span class=\"_ _0\"></span>l rights to rec<span class=\"_ _0\"></span>eive th<span class=\"_ _0\"></span>e cash f<span class=\"_ _0\"></span>lows gen<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ated, an<span class=\"_ _0\"></span>d which is de<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d from th<span class=\"_ _0\"></span>e Con<span class=\"_ _0\"></span>soli<span class=\"_ _0\"></span>dated Bal<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e Sh<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t and a cor<span class=\"_ _0\"></span>resp<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ding<span class=\"_ _0\"></span> rec<span class=\"_ _0\"></span>eiva<span class=\"_ _0\"></span>ble re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed for its retu<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Group e<span class=\"_ _0\"></span>nters into tran<span class=\"_ _0\"></span>sac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns whe<span class=\"_ _0\"></span>reby it tra<span class=\"_ _0\"></span>nsfers as<span class=\"_ _0\"></span>sets re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed in its C<span class=\"_ _0\"></span>onso<span class=\"_ _0\"></span>lid<span class=\"_ _0\"></span>ated Bala<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e She<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>, but ret<span class=\"_ _0\"></span>ains ei<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r all or subs<span class=\"_ _0\"></span>tant<span class=\"_ _0\"></span>ially<span class=\"_ _0\"></span> all of the risks an<span class=\"_ _0\"></span>d rewards of the trans<span class=\"_ _0\"></span>ferre<span class=\"_ _0\"></span>d asse<span class=\"_ _0\"></span>ts. In the<span class=\"_ _0\"></span>se case<span class=\"_ _0\"></span>s, th<span class=\"_ _0\"></span>e transfe<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d asset<span class=\"_ _0\"></span>s are not dere<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>. E<span class=\"_ _0\"></span>xampl<span class=\"_ _0\"></span>es of suc<span class=\"_ _0\"></span>h trans<span class=\"_ _0\"></span>acti<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span> are repu<span class=\"_ _0\"></span>rch<span class=\"_ _0\"></span>ase agre<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s and non<span class=\"_ _0\"></span>-<span class=\"_ _3\"></span>cas<span class=\"_ _0\"></span>h colla<span class=\"_ _0\"></span>teral ple<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>, unle<span class=\"_ _0\"></span>ss the Gro<span class=\"_ _0\"></span>up defau<span class=\"_ _0\"></span>lts on it<span class=\"_ _0\"></span>s oblig<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns und<span class=\"_ _0\"></span>er the rel<span class=\"_ _0\"></span>evant ag<span class=\"_ _0\"></span>ree<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt.<span class=\"_ _0\"></span> In tra<span class=\"_ _0\"></span>nsac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns in whi<span class=\"_ _0\"></span>ch th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up ne<span class=\"_ _0\"></span>ith<span class=\"_ _0\"></span>er re<span class=\"_ _0\"></span>tains n<span class=\"_ _0\"></span>or tr<span class=\"_ _0\"></span>ansfe<span class=\"_ _0\"></span>rs su<span class=\"_ _0\"></span>bsta<span class=\"_ _0\"></span>ntiall<span class=\"_ _0\"></span>y all of the r<span class=\"_ _0\"></span>isks a<span class=\"_ _0\"></span>nd reward<span class=\"_ _0\"></span>s of owne<span class=\"_ _0\"></span>rshi<span class=\"_ _0\"></span>p of a fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>ial as<span class=\"_ _0\"></span>set an<span class=\"_ _0\"></span>d it<span class=\"_ _0\"></span> retai<span class=\"_ _0\"></span>ns con<span class=\"_ _0\"></span>trol over th<span class=\"_ _0\"></span>e asset<span class=\"_ _0\"></span>, the Gro<span class=\"_ _0\"></span>up co<span class=\"_ _0\"></span>ntinu<span class=\"_ _0\"></span>es to reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>e the asse<span class=\"_ _0\"></span>t to the exten<span class=\"_ _0\"></span>t of its conti<span class=\"_ _0\"></span>nuin<span class=\"_ _0\"></span>g involve<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt, de<span class=\"_ _0\"></span>term<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d by the ex<span class=\"_ _0\"></span>tent to<span class=\"_ gsec\"> </span>which i<span class=\"_ _0\"></span>t is expos<span class=\"_ _0\"></span>ed to chang<span class=\"_ _0\"></span>es in the valu<span class=\"_ _0\"></span>e of the transfe<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d asset<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Group d<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>s a fina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al liabil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y whe<span class=\"_ _0\"></span>n its co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>ctu<span class=\"_ _0\"></span>al oblig<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns expi<span class=\"_ _0\"></span>re or are disch<span class=\"_ _0\"></span>arge<span class=\"_ _0\"></span>d or ca<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>lle<span class=\"_ _0\"></span>d. T<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up also de<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nises<span class=\"_ _0\"></span> a<span class=\"_ gsec\"> </span>fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>ial liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y wh<span class=\"_ _0\"></span>en its ter<span class=\"_ _0\"></span>ms are mo<span class=\"_ _0\"></span>dif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d and the cas<span class=\"_ _0\"></span>h flows of the mo<span class=\"_ _0\"></span>dif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d liabil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y are subs<span class=\"_ _0\"></span>tan<span class=\"_ _0\"></span>tially di<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ferent<span class=\"_ _0\"></span>, in whic<span class=\"_ _0\"></span>h case a new f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l liabi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y base<span class=\"_ _0\"></span>d on the mo<span class=\"_ _0\"></span>dif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d term<span class=\"_ _0\"></span>s is reco<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d at fair value<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>On de<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>niti<span class=\"_ _0\"></span>on of a fina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al asset or f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al liabil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y, the diffe<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>ce be<span class=\"_ _0\"></span>twe<span class=\"_ _0\"></span>en th<span class=\"_ _0\"></span>e car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>yi<span class=\"_ _0\"></span>ng amo<span class=\"_ _0\"></span>unt at the date of dere<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>tion an<span class=\"_ _0\"></span>d the con<span class=\"_ _0\"></span>side<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>on rec<span class=\"_ _0\"></span>ei<span class=\"_ _0\"></span>ved (in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>ding any ne<span class=\"_ _0\"></span>w asset ob<span class=\"_ _0\"></span>tain<span class=\"_ _0\"></span>ed les<span class=\"_ _0\"></span>s any new liabil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y assu<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>d) is rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in profi<span class=\"_ _0\"></span>t or los<span class=\"_ _0\"></span>s.<span class=\"_ _3b2\"> </span>Modific<span class=\"_ _0\"></span>ation<span class=\"_ _3b2\"> </span>If the term<span class=\"_ _0\"></span>s of a <span class=\"_ _1\"></span>fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial ass<span class=\"_ _0\"></span>et are mo<span class=\"_ _0\"></span>dif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d, the<span class=\"_ _0\"></span>n the Gro<span class=\"_ _0\"></span>up evalu<span class=\"_ _0\"></span>ates whet<span class=\"_ _0\"></span>her th<span class=\"_ _0\"></span>e cash f<span class=\"_ _0\"></span>lows of the mod<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ied ass<span class=\"_ _0\"></span>et are sub<span class=\"_ _0\"></span>stan<span class=\"_ _0\"></span>tiall<span class=\"_ _0\"></span>y dif<span class=\"_ _0\"></span>ferent<span class=\"_ _0\"></span>. If<span class=\"_ gsec\"> </span>the c<span class=\"_ _0\"></span>ash fl<span class=\"_ _0\"></span>ows are subst<span class=\"_ _0\"></span>antia<span class=\"_ _0\"></span>lly dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>, then th<span class=\"_ _0\"></span>e cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>tual ri<span class=\"_ _0\"></span>ghts to cash f<span class=\"_ _0\"></span>lows from th<span class=\"_ _0\"></span>e orig<span class=\"_ _0\"></span>inal f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>l asset are de<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ed to have expire<span class=\"_ _0\"></span>d.<span class=\"_ _0\"></span> In this cas<span class=\"_ _0\"></span>e, the or<span class=\"_ _0\"></span>igin<span class=\"_ _0\"></span>al fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial ass<span class=\"_ _0\"></span>et is dere<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed an<span class=\"_ _0\"></span>d a new fina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al asset is re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d at fair value pl<span class=\"_ _0\"></span>us any eligi<span class=\"_ _0\"></span>ble tra<span class=\"_ _0\"></span>nsa<span class=\"_ _0\"></span>ctio<span class=\"_ _0\"></span>n cos<span class=\"_ _0\"></span>ts.<span class=\"_ _0\"></span> Cl<span class=\"_ _0\"></span>ass<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n an<span class=\"_ _0\"></span>d me<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt of f<span class=\"_ _0\"></span>i<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>se<span class=\"_ _0\"></span>ts<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Group cl<span class=\"_ _0\"></span>assi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>es its f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial as<span class=\"_ _0\"></span>sets on in<span class=\"_ _0\"></span>itial re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n as measu<span class=\"_ _0\"></span>red at amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>ed co<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>, fair value thro<span class=\"_ _0\"></span>ug<span class=\"_ _0\"></span>h other co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>reh<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>ve inc<span class=\"_ _0\"></span>ome<span class=\"_ _0\"></span> (F<span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>OC<span class=\"_ _0\"></span>I) and fair valu<span class=\"_ _0\"></span>e throu<span class=\"_ _0\"></span>gh prof<span class=\"_ _0\"></span>it or lo<span class=\"_ _0\"></span>ss (F<span class=\"_ _3\"></span>V<span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>PL).<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e clas<span class=\"_ _0\"></span>sif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ation a<span class=\"_ _0\"></span>nd m<span class=\"_ _0\"></span>easu<span class=\"_ _0\"></span>reme<span class=\"_ _0\"></span>nt of f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l asse<span class=\"_ _0\"></span>ts de<span class=\"_ _0\"></span>pen<span class=\"_ _0\"></span>ds o<span class=\"_ _0\"></span>n thei<span class=\"_ _0\"></span>r co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>ctu<span class=\"_ _0\"></span>al cas<span class=\"_ _0\"></span>h fl<span class=\"_ _0\"></span>ow cha<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>teris<span class=\"_ _0\"></span>tic<span class=\"_ _0\"></span>s and h<span class=\"_ _0\"></span>ow they a<span class=\"_ _0\"></span>re mana<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>d (the enti<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>\u2019s busine<span class=\"_ _0\"></span>ss mo<span class=\"_ _0\"></span>del<span class=\"_ _0\"></span>). The c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tual cas<span class=\"_ _0\"></span>h fl<span class=\"_ _0\"></span>ow chara<span class=\"_ _0\"></span>cter<span class=\"_ _0\"></span>isti<span class=\"_ _0\"></span>cs test aims to ide<span class=\"_ _0\"></span>ntif<span class=\"_ _0\"></span>y tho<span class=\"_ _0\"></span>se asse<span class=\"_ _0\"></span>ts with c<span class=\"_ _0\"></span>ash fl<span class=\"_ _0\"></span>ows cons<span class=\"_ _0\"></span>istent wi<span class=\"_ _0\"></span>th a basic len<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>g arra<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt, i<span class=\"_ _0\"></span>.e. whic<span class=\"_ _0\"></span>h are \u2018sole<span class=\"_ _0\"></span>ly paym<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts of princ<span class=\"_ _0\"></span>ipal an<span class=\"_ _0\"></span>d interes<span class=\"_ _0\"></span>t\u2019 (SP<span class=\"_ _0\"></span>PI). Th<span class=\"_ _0\"></span>e busin<span class=\"_ _0\"></span>ess m<span class=\"_ _0\"></span>ode<span class=\"_ _0\"></span>l test refers to how an entit<span class=\"_ _0\"></span>y ma<span class=\"_ _0\"></span>nage<span class=\"_ _0\"></span>s its fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>ial ass<span class=\"_ _0\"></span>ets with th<span class=\"_ _0\"></span>e obje<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ves of gene<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>ng cas<span class=\"_ _0\"></span>h flows<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>ese facto<span class=\"_ _0\"></span>rs deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>e whet<span class=\"_ _0\"></span>her th<span class=\"_ _0\"></span>e fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>ial asse<span class=\"_ _0\"></span>ts are meas<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>d at amor<span class=\"_ _3\"></span>tised<span class=\"_ _0\"></span> cos<span class=\"_ _0\"></span>t, F<span class=\"_ _3\"></span>VOCI o<span class=\"_ _0\"></span>r F<span class=\"_ _0\"></span>V<span class=\"_ _3\"></span>TP<span class=\"_ _0\"></span>L<span class=\"_ _0\"></span>. Ass<span class=\"_ _0\"></span>ets are the<span class=\"_ _0\"></span>refore t<span class=\"_ _0\"></span>ypi<span class=\"_ _0\"></span>cal<span class=\"_ _0\"></span>ly cha<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>terise<span class=\"_ _0\"></span>d as follows:<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>ed co<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>: fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial asse<span class=\"_ _0\"></span>ts with co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>actu<span class=\"_ _0\"></span>al term<span class=\"_ _0\"></span>s that give rise so<span class=\"_ _0\"></span>lel<span class=\"_ _0\"></span>y to interest and p<span class=\"_ _0\"></span>rin<span class=\"_ _0\"></span>cipa<span class=\"_ _0\"></span>l cash f<span class=\"_ _0\"></span>lows, an<span class=\"_ _0\"></span>d whic<span class=\"_ _0\"></span>h are held in a </span>busi<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>s mod<span class=\"_ _0\"></span>el whos<span class=\"_ _0\"></span>e obje<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ve is to <span class=\"_ _1\"></span>hol<span class=\"_ _0\"></span>d the asse<span class=\"_ _0\"></span>ts to colle<span class=\"_ _0\"></span>ct th<span class=\"_ _0\"></span>eir ca<span class=\"_ _0\"></span>sh fl<span class=\"_ _0\"></span>ows. Th<span class=\"_ _0\"></span>ey are meas<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>d at amor<span class=\"_ _3\"></span>tised c<span class=\"_ _0\"></span>ost usi<span class=\"_ _0\"></span>ng the ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>tive interes<span class=\"_ _0\"></span>t meth<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>. Interes<span class=\"_ _0\"></span>t inc<span class=\"_ _0\"></span>ome<span class=\"_ _0\"></span>, foreig<span class=\"_ _0\"></span>n exchan<span class=\"_ _0\"></span>ge gain<span class=\"_ _0\"></span>s and los<span class=\"_ _0\"></span>ses and im<span class=\"_ _0\"></span>pair<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt are rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in profi<span class=\"_ _0\"></span>t or los<span class=\"_ _0\"></span>s. A<span class=\"_ _0\"></span>ny gain or los<span class=\"_ _0\"></span>s on dere<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ogni<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n is also re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ised i<span class=\"_ _0\"></span>n prof<span class=\"_ _0\"></span>it o<span class=\"_ _0\"></span>r los<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">F<span class=\"_ _0\"></span>VO<span class=\"_ _0\"></span>CI: f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al asset<span class=\"_ _0\"></span>s with co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>ctu<span class=\"_ _0\"></span>al terms tha<span class=\"_ _0\"></span>t give rise so<span class=\"_ _0\"></span>lel<span class=\"_ _0\"></span>y to interest and pr<span class=\"_ _0\"></span>inc<span class=\"_ _0\"></span>ipal c<span class=\"_ _0\"></span>ash fl<span class=\"_ _0\"></span>ows, an<span class=\"_ _0\"></span>d which are he<span class=\"_ _0\"></span>ld in a busi<span class=\"_ _0\"></span>ness m<span class=\"_ _0\"></span>ode<span class=\"_ _0\"></span>l </span>whos<span class=\"_ _0\"></span>e obje<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ve is achie<span class=\"_ _0\"></span>ved by hold<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e assets to coll<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t thei<span class=\"_ _0\"></span>r cash f<span class=\"_ _0\"></span>lows and se<span class=\"_ _0\"></span>lling th<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>. Interes<span class=\"_ _0\"></span>t inc<span class=\"_ _0\"></span>ome c<span class=\"_ _0\"></span>alc<span class=\"_ _0\"></span>ulated usi<span class=\"_ _0\"></span>ng the ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>tive interes<span class=\"_ _0\"></span>t meth<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>, foreig<span class=\"_ _0\"></span>n exchan<span class=\"_ _0\"></span>ge gain<span class=\"_ _0\"></span>s and los<span class=\"_ _0\"></span>ses and im<span class=\"_ _0\"></span>pair<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt are rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in profi<span class=\"_ _0\"></span>t or los<span class=\"_ _0\"></span>s. O<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r net gai<span class=\"_ _0\"></span>ns and los<span class=\"_ _0\"></span>ses are re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d in othe<span class=\"_ _0\"></span>r com<span class=\"_ _0\"></span>preh<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>ive inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e. On de<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>cog<span class=\"_ _0\"></span>nit<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>, gains an<span class=\"_ _0\"></span>d loss<span class=\"_ _0\"></span>es acc<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ulated in OC<span class=\"_ _0\"></span>I are recl<span class=\"_ _0\"></span>assif<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ed to profi<span class=\"_ _0\"></span>t or loss<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">F<span class=\"_ _0\"></span>V<span class=\"_ _3\"></span>TP<span class=\"_ _0\"></span>L<span class=\"_ _0\"></span>: all othe<span class=\"_ _0\"></span>r fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial asse<span class=\"_ _0\"></span>ts. Ne<span class=\"_ _0\"></span>t gains an<span class=\"_ _0\"></span>d loss<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, inclu<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>g any interest o<span class=\"_ _0\"></span>r divid<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>d inco<span class=\"_ _0\"></span>me an<span class=\"_ _0\"></span>d foreign exc<span class=\"_ _0\"></span>hang<span class=\"_ _0\"></span>e gains an<span class=\"_ _0\"></span>d loss<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, </span>are<span class=\"_ gsec\"> </span>rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in prof<span class=\"_ _0\"></span>it or los<span class=\"_ _0\"></span>s, un<span class=\"_ _0\"></span>les<span class=\"_ _0\"></span>s they aris<span class=\"_ _0\"></span>e from de<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>vatives d<span class=\"_ _0\"></span>esign<span class=\"_ _0\"></span>ated as hed<span class=\"_ _0\"></span>gin<span class=\"_ _0\"></span>g instr<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ents in c<span class=\"_ _0\"></span>ash fl<span class=\"_ _0\"></span>ow or net inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt he<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>s.<span class=\"_ _3b2\"> </span>Not<span class=\"_ _0\"></span>wit<span class=\"_ _0\"></span>hsta<span class=\"_ _0\"></span>ndin<span class=\"_ _0\"></span>g the above<span class=\"_ _0\"></span>, on ini<span class=\"_ _0\"></span>tial rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>niti<span class=\"_ _0\"></span>on the G<span class=\"_ _0\"></span>roup may ir<span class=\"_ _0\"></span>revoc<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>y desi<span class=\"_ _0\"></span>gnate to F<span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>P<span class=\"_ _0\"></span>L a fina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l asset tha<span class=\"_ _0\"></span>t would othe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>wise b<span class=\"_ _0\"></span>e meas<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>d at amor<span class=\"_ _3\"></span>tised co<span class=\"_ _0\"></span>st or F<span class=\"_ _3\"></span>VOCI if do<span class=\"_ _0\"></span>ing so eli<span class=\"_ _0\"></span>mina<span class=\"_ _0\"></span>tes or greatly re<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>es an ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>untin<span class=\"_ _0\"></span>g misma<span class=\"_ _0\"></span>tch.<span class=\"_ _3b2\"> </span>In mak<span class=\"_ _0\"></span>ing the S<span class=\"_ _0\"></span>PP<span class=\"_ _0\"></span>I asses<span class=\"_ _0\"></span>sme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>, the Grou<span class=\"_ _0\"></span>p con<span class=\"_ _0\"></span>side<span class=\"_ _0\"></span>rs wh<span class=\"_ _0\"></span>ethe<span class=\"_ _0\"></span>r the co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>actu<span class=\"_ _0\"></span>al cash f<span class=\"_ _0\"></span>lows are co<span class=\"_ _0\"></span>nsis<span class=\"_ _0\"></span>tent with a basi<span class=\"_ _0\"></span>c lend<span class=\"_ _0\"></span>ing ar<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t (that is, interes<span class=\"_ _0\"></span>t incl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>s onl<span class=\"_ _0\"></span>y cons<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>ratio<span class=\"_ _0\"></span>n for the time val<span class=\"_ _0\"></span>ue of mon<span class=\"_ _0\"></span>ey, credit ris<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>, othe<span class=\"_ _0\"></span>r basic le<span class=\"_ _0\"></span>ndin<span class=\"_ _0\"></span>g risks an<span class=\"_ _0\"></span>d a profi<span class=\"_ _0\"></span>t margin th<span class=\"_ _0\"></span>at is consis<span class=\"_ _0\"></span>tent wit<span class=\"_ _0\"></span>h a basic le<span class=\"_ _0\"></span>ndin<span class=\"_ _0\"></span>g arran<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt). This inclu<span class=\"_ _0\"></span>des evalu<span class=\"_ _0\"></span>ating whe<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r the fina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al asset con<span class=\"_ _0\"></span>tains a cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>tual term that cou<span class=\"_ _0\"></span>ld chan<span class=\"_ _0\"></span>ge the timin<span class=\"_ _0\"></span>g or amount<span class=\"_ _0\"></span> of contr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>ual cas<span class=\"_ _0\"></span>h flows su<span class=\"_ _0\"></span>ch that i<span class=\"_ _0\"></span>t would not me<span class=\"_ _0\"></span>et this c<span class=\"_ _0\"></span>ond<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>n. E<span class=\"_ _0\"></span>xa<span class=\"_ _0\"></span>mpl<span class=\"_ _0\"></span>es of such c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>ual term<span class=\"_ _0\"></span>s to be consid<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>d are con<span class=\"_ _0\"></span>ting<span class=\"_ _0\"></span>ent eve<span class=\"_ _0\"></span>nts that woul<span class=\"_ _0\"></span>d chan<span class=\"_ _0\"></span>ge the am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t or timin<span class=\"_ _0\"></span>g of cash fl<span class=\"_ _0\"></span>ows, leve<span class=\"_ _0\"></span>rag<span class=\"_ _0\"></span>e features<span class=\"_ _0\"></span>, prep<span class=\"_ _0\"></span>aym<span class=\"_ _0\"></span>ent and ex<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>nsio<span class=\"_ _0\"></span>n features<span class=\"_ _0\"></span>, non<span class=\"_ _3\"></span>-re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>se asse<span class=\"_ _0\"></span>t arra<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts and feature<span class=\"_ _0\"></span>s that mo<span class=\"_ _0\"></span>dif<span class=\"_ _0\"></span>y co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>tion for th<span class=\"_ _0\"></span>e time valu<span class=\"_ _0\"></span>e of money (e.g. pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>dic res<span class=\"_ _0\"></span>et of interest rates). Th<span class=\"_ _0\"></span>e busin<span class=\"_ _0\"></span>ess mo<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>l refle<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ts how the Gro<span class=\"_ _0\"></span>up mana<span class=\"_ _0\"></span>ges ass<span class=\"_ _0\"></span>ets in ord<span class=\"_ _0\"></span>er to gene<span class=\"_ _0\"></span>rate cash f<span class=\"_ _0\"></span>lows<span class=\"_ _0\"></span>, i.e. it ref<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>cts wh<span class=\"_ _0\"></span>ethe<span class=\"_ _0\"></span>r the Gro<span class=\"_ _0\"></span>up\u2019s obje<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ve is solel<span class=\"_ _0\"></span>y to colle<span class=\"_ _0\"></span>ct th<span class=\"_ _0\"></span>e cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>tual ca<span class=\"_ _0\"></span>sh fl<span class=\"_ _0\"></span>ows from asse<span class=\"_ _0\"></span>ts or to colle<span class=\"_ _0\"></span>ct b<span class=\"_ _0\"></span>oth the co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>ctu<span class=\"_ _0\"></span>al cash f<span class=\"_ _0\"></span>lows and c<span class=\"_ _0\"></span>ash fl<span class=\"_ _0\"></span>ows arisi<span class=\"_ _0\"></span>ng from th<span class=\"_ _0\"></span>e sale of asset<span class=\"_ _0\"></span>s. If nei<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r of these is app<span class=\"_ _0\"></span>lic<span class=\"_ _0\"></span>able (for examp<span class=\"_ _0\"></span>le, f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al assets are h<span class=\"_ _0\"></span>eld for tra<span class=\"_ _0\"></span>ding pu<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>s), the busine<span class=\"_ _0\"></span>ss mo<span class=\"_ _0\"></span>del is \u2018othe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>\u2019 and the f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al asset is<span class=\"_ _0\"></span> meas<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>d at F<span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>P<span class=\"_ _0\"></span>L<span class=\"_ _0\"></span>. Factor<span class=\"_ _0\"></span>s cons<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>red by the Gro<span class=\"_ _0\"></span>up in deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e busin<span class=\"_ _0\"></span>ess mo<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>l for a group of assets in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>de pas<span class=\"_ _0\"></span>t expe<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e on how the cas<span class=\"_ _0\"></span>h fl<span class=\"_ _0\"></span>ows for these ass<span class=\"_ _0\"></span>ets were co<span class=\"_ _0\"></span>lle<span class=\"_ _0\"></span>cted<span class=\"_ _0\"></span>, how the ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>\u2019s per<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>man<span class=\"_ _0\"></span>ce is evalu<span class=\"_ _0\"></span>ated and rep<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>ted to k<span class=\"_ _1\"></span>ey manag<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent p<span class=\"_ _0\"></span>ers<span class=\"_ _0\"></span>onn<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>, how risks<span class=\"_ _0\"></span> are asse<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>d and mana<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>d, and how ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>ers are c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>sated<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e obje<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ve of the Group\u2019s busin<span class=\"_ _0\"></span>ess m<span class=\"_ _0\"></span>ode<span class=\"_ _0\"></span>l for cer<span class=\"_ _3\"></span>tain de<span class=\"_ _0\"></span>bt instr<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s, in par<span class=\"_ _3\"></span>ticu<span class=\"_ _0\"></span>lar tho<span class=\"_ _0\"></span>se inst<span class=\"_ _0\"></span>rum<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts back<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g annui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y or invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>t liabi<span class=\"_ _0\"></span>litie<span class=\"_ _0\"></span>s, in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>g surp<span class=\"_ _0\"></span>lus asse<span class=\"_ _0\"></span>ts, is to fund it<span class=\"_ _0\"></span>s liabili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s. Co<span class=\"_ _0\"></span>nsis<span class=\"_ _0\"></span>tent with th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p\u2019s investme<span class=\"_ _0\"></span>nt stra<span class=\"_ _0\"></span>tegy the<span class=\"_ _0\"></span>ir pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>man<span class=\"_ _0\"></span>ce is evalua<span class=\"_ _0\"></span>ted on a total retur<span class=\"_ _0\"></span>n basis, as sig<span class=\"_ _0\"></span>nif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant bu<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g and sell<span class=\"_ _0\"></span>ing ac<span class=\"_ _0\"></span>tivi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y is unde<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ken on a regul<span class=\"_ _0\"></span>ar basis to rebala<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e its por<span class=\"_ _3\"></span>tfol<span class=\"_ _0\"></span>io and to ensure th<span class=\"_ _0\"></span>at con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>tual<span class=\"_ _0\"></span> cash f<span class=\"_ _0\"></span>lows fro<span class=\"_ _0\"></span>m thos<span class=\"_ _0\"></span>e assets are su<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>cie<span class=\"_ _0\"></span>nt to sett<span class=\"_ _0\"></span>le the un<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>ly<span class=\"_ _0\"></span>ing lia<span class=\"_ _0\"></span>bilit<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>. The<span class=\"_ _0\"></span>se invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts do not follow a \u2018<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>ld to colle<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>\u2019 or \u2018<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>eld to coll<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t and sel<span class=\"_ _0\"></span>l\u2019 bus<span class=\"_ _0\"></span>ines<span class=\"_ _0\"></span>s mod<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>, and are the<span class=\"_ _0\"></span>refore acc<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nted for at F<span class=\"_ _0\"></span>V<span class=\"_ _3\"></span>TP<span class=\"_ _0\"></span>L<span class=\"_ _0\"></span>. This bu<span class=\"_ _0\"></span>sine<span class=\"_ _0\"></span>ss mo<span class=\"_ _0\"></span>del is also ap<span class=\"_ _0\"></span>plic<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le to reverse rep<span class=\"_ _0\"></span>urc<span class=\"_ _0\"></span>hase ag<span class=\"_ _0\"></span>ree<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts and to deri<span class=\"_ _0\"></span>vative<span class=\"_ _0\"></span>s. Equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y inst<span class=\"_ _0\"></span>rum<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s are acc<span class=\"_ _0\"></span>ounte<span class=\"_ _0\"></span>d for at F<span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>P<span class=\"_ _0\"></span>L<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tai<span class=\"_ _0\"></span>n debt se<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>rit<span class=\"_ _0\"></span>ies are he<span class=\"_ _0\"></span>ld in sep<span class=\"_ _0\"></span>arate por<span class=\"_ _3\"></span>tfol<span class=\"_ _0\"></span>ios for lon<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>term yi<span class=\"_ _0\"></span>eld<span class=\"_ _0\"></span>. The<span class=\"_ _0\"></span>se inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>e lon<span class=\"_ _0\"></span>g dated debt in<span class=\"_ _0\"></span>str<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nts bac<span class=\"_ _0\"></span>ki<span class=\"_ _0\"></span>ng ann<span class=\"_ _0\"></span>uiti<span class=\"_ _0\"></span>es liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, but in su<span class=\"_ _0\"></span>rpl<span class=\"_ _0\"></span>us to the IFR<span class=\"_ _0\"></span>S 1<span class=\"_ _1\"></span>7 best est<span class=\"_ _0\"></span>imate liabi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y and ri<span class=\"_ _0\"></span>sk adjus<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>, used to manag<span class=\"_ _0\"></span>e interes<span class=\"_ _0\"></span>t and inf<span class=\"_ _0\"></span>latio<span class=\"_ _0\"></span>n rate expos<span class=\"_ _0\"></span>ure, as well as asse<span class=\"_ _0\"></span>ts bac<span class=\"_ _0\"></span>kin<span class=\"_ _0\"></span>g protec<span class=\"_ _0\"></span>tion lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>. The<span class=\"_ _0\"></span>se asse<span class=\"_ _0\"></span>ts repre<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>t instr<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ents c<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>istent wi<span class=\"_ _0\"></span>th the S<span class=\"_ _0\"></span>PPI pr<span class=\"_ _0\"></span>inc<span class=\"_ _0\"></span>ipl<span class=\"_ _0\"></span>es, an<span class=\"_ _0\"></span>d are acc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ted for at amor<span class=\"_ _3\"></span>tised c<span class=\"_ _0\"></span>ost<span class=\"_ _0\"></span> or<span class=\"_ gsec\"> </span>F<span class=\"_ _3\"></span>VOCI d<span class=\"_ _0\"></span>epe<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>ng on th<span class=\"_ _0\"></span>e expe<span class=\"_ _0\"></span>cted le<span class=\"_ _0\"></span>vel of tradin<span class=\"_ _0\"></span>g. Rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>able<span class=\"_ _0\"></span>s are acc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ted for at amor<span class=\"_ _3\"></span>tised c<span class=\"_ _0\"></span>ost<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Classifica<span class=\"_ _0\"></span>tion and measuremen<span class=\"_ _0\"></span>t of<span class=\"_ _1\"></span> finan<span class=\"_ _0\"></span>cial liabilities<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Group cl<span class=\"_ _0\"></span>assi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>es and sub<span class=\"_ _0\"></span>seq<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span>ntly me<span class=\"_ _0\"></span>asure<span class=\"_ _0\"></span>s fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es at amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tise<span class=\"_ _0\"></span>d cos<span class=\"_ _0\"></span>t or F<span class=\"_ _0\"></span>V<span class=\"_ _3\"></span>T<span class=\"_ _0\"></span>PL<span class=\"_ _0\"></span>. Investment contr<span class=\"_ _0\"></span>act liabilities<span class=\"_ _3b2\"> </span>Invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t liabili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s are measu<span class=\"_ _0\"></span>red at F<span class=\"_ _0\"></span>V<span class=\"_ _3\"></span>T<span class=\"_ _0\"></span>PL<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>is is bec<span class=\"_ _0\"></span>ause th<span class=\"_ _0\"></span>ese lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>, as well as the related as<span class=\"_ _0\"></span>sets<span class=\"_ _0\"></span>, are mana<span class=\"_ _0\"></span>ged an<span class=\"_ _0\"></span>d thei<span class=\"_ _0\"></span>r per<span class=\"_ _3\"></span>forma<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e evaluated o<span class=\"_ _0\"></span>n a fair value basis<span class=\"_ _0\"></span>. For uni<span class=\"_ _0\"></span>t linked lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>, fair valu<span class=\"_ _0\"></span>e is determ<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d by referenc<span class=\"_ _0\"></span>e to the value of the und<span class=\"_ _0\"></span>erl<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g net ass<span class=\"_ _0\"></span>et value<span class=\"_ _0\"></span>s of the Group\u2019s uni<span class=\"_ _0\"></span>tise<span class=\"_ _0\"></span>d investm<span class=\"_ _0\"></span>ent fu<span class=\"_ _0\"></span>nds at the bal<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e she<span class=\"_ _0\"></span>et date. Core and<span class=\"_ _1\"></span> operational<span class=\"_ _1\"></span> borrowing<span class=\"_ _1\"></span>s<span class=\"_ _3b2\"> </span>Bo<span class=\"_ _0\"></span>rrowi<span class=\"_ _0\"></span>ngs are rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d initi<span class=\"_ _0\"></span>ally at fair valu<span class=\"_ _0\"></span>e, ne<span class=\"_ _0\"></span>t of transac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n cos<span class=\"_ _0\"></span>ts. Bo<span class=\"_ _0\"></span>rrow<span class=\"_ _0\"></span>ings are su<span class=\"_ _0\"></span>bse<span class=\"_ _0\"></span>que<span class=\"_ _0\"></span>ntly s<span class=\"_ _0\"></span>tated at amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tise<span class=\"_ _0\"></span>d cos<span class=\"_ _0\"></span>t. T<span class=\"_ _0\"></span>he dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en th<span class=\"_ _0\"></span>e net p<span class=\"_ _0\"></span>roc<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>ds an<span class=\"_ _0\"></span>d the re<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>mpti<span class=\"_ _0\"></span>on val<span class=\"_ _0\"></span>ue 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 st<span class=\"_ _0\"></span>ateme<span class=\"_ _0\"></span>nt over th<span class=\"_ _0\"></span>e bo<span class=\"_ _0\"></span>rrowi<span class=\"_ _0\"></span>ng p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>od us<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e ef<span class=\"_ _0\"></span>fect<span class=\"_ _0\"></span>ive intere<span class=\"_ _0\"></span>st rate meth<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Othe<span class=\"_ _0\"></span>r financial liabilities<span class=\"_ _3b2\"> </span>Ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al liabi<span class=\"_ _0\"></span>litie<span class=\"_ _0\"></span>s incl<span class=\"_ _0\"></span>ude d<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>vative lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>, repu<span class=\"_ _0\"></span>rch<span class=\"_ _0\"></span>ase agre<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s and trail c<span class=\"_ _0\"></span>omm<span class=\"_ _0\"></span>issio<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>, which are m<span class=\"_ _0\"></span>easu<span class=\"_ _0\"></span>red at F<span class=\"_ _0\"></span>V<span class=\"_ _3\"></span>TP<span class=\"_ _0\"></span>L<span class=\"_ _0\"></span>, while oth<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span> payabl<span class=\"_ _0\"></span>e balan<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>s are measu<span class=\"_ _0\"></span>red at amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>ed co<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>. Derivativ<span class=\"_ _1\"></span>es<span class=\"_ _3b2\"> </span>De<span class=\"_ _0\"></span>rivat<span class=\"_ _0\"></span>ives are ini<span class=\"_ _0\"></span>tiall<span class=\"_ _0\"></span>y rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ised at fair valu<span class=\"_ _0\"></span>e on the date on whic<span class=\"_ _0\"></span>h the de<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>vative co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>ct is entere<span class=\"_ _0\"></span>d into. Th<span class=\"_ _0\"></span>e Group\u2019s der<span class=\"_ _0\"></span>ivati<span class=\"_ _0\"></span>ves<span class=\"_ _0\"></span>, other th<span class=\"_ _0\"></span>an thos<span class=\"_ _0\"></span>e desig<span class=\"_ _0\"></span>nated as he<span class=\"_ _0\"></span>dgin<span class=\"_ _0\"></span>g inst<span class=\"_ _0\"></span>rum<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s in cash f<span class=\"_ _0\"></span>low or net inve<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent he<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>es, are in<span class=\"_ _0\"></span>str<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ents he<span class=\"_ _0\"></span>ld for trad<span class=\"_ _0\"></span>ing and<span class=\"_ _0\"></span>, are the<span class=\"_ _0\"></span>refore ac<span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>nted for<span class=\"_ gsec\"> </span>at F<span class=\"_ _0\"></span>V<span class=\"_ _3\"></span>TP<span class=\"_ _0\"></span>L<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>De<span class=\"_ _0\"></span>rivat<span class=\"_ _0\"></span>ives may be em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>dd<span class=\"_ _0\"></span>ed in anoth<span class=\"_ _0\"></span>er c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>actu<span class=\"_ _0\"></span>al arr<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>. If suc<span class=\"_ _0\"></span>h a hybrid c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t cont<span class=\"_ _0\"></span>ains a hos<span class=\"_ _0\"></span>t that is a fina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l asset<span class=\"_ _0\"></span>, the Gro<span class=\"_ _0\"></span>up asse<span class=\"_ _0\"></span>sses th<span class=\"_ _0\"></span>e entire c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act for cl<span class=\"_ _0\"></span>assif<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>cati<span class=\"_ _0\"></span>on and me<span class=\"_ _0\"></span>asure<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt pur<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>. Ot<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ise, th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p acc<span class=\"_ _0\"></span>ount<span class=\"_ _0\"></span>s for an embe<span class=\"_ _0\"></span>dd<span class=\"_ _0\"></span>ed de<span class=\"_ _0\"></span>riv<span class=\"_ _0\"></span>ative sep<span class=\"_ _0\"></span>aratel<span class=\"_ _0\"></span>y from th<span class=\"_ _0\"></span>e host c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t when:<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">its e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>no<span class=\"_ _0\"></span>mic c<span class=\"_ _0\"></span>hara<span class=\"_ _0\"></span>cter<span class=\"_ _0\"></span>isti<span class=\"_ _0\"></span>cs an<span class=\"_ _0\"></span>d risk<span class=\"_ _0\"></span>s are not c<span class=\"_ _0\"></span>lose<span class=\"_ _0\"></span>ly re<span class=\"_ _0\"></span>lated to tho<span class=\"_ _0\"></span>se of the h<span class=\"_ _0\"></span>ost c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>t<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">the ter<span class=\"_ _0\"></span>ms of the e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d der<span class=\"_ _0\"></span>ivati<span class=\"_ _0\"></span>ve woul<span class=\"_ _0\"></span>d have met t<span class=\"_ _0\"></span>he def<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>n of a de<span class=\"_ _0\"></span>riva<span class=\"_ _0\"></span>tive if th<span class=\"_ _0\"></span>ey were c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>aine<span class=\"_ _0\"></span>d in a s<span class=\"_ _0\"></span>epar<span class=\"_ _0\"></span>ate con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>t<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">the hyb<span class=\"_ _0\"></span>rid co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>act is not me<span class=\"_ _0\"></span>asure<span class=\"_ _0\"></span>d at F<span class=\"_ _0\"></span>V<span class=\"_ _3\"></span>TP<span class=\"_ _0\"></span>L<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></span>Th<span class=\"_ _0\"></span>ese em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>dde<span class=\"_ _0\"></span>d der<span class=\"_ _0\"></span>ivati<span class=\"_ _0\"></span>ves are sep<span class=\"_ _0\"></span>aratel<span class=\"_ _0\"></span>y acc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ted for at F<span class=\"_ _0\"></span>V<span class=\"_ _3\"></span>TPL<span class=\"_ _3\"></span>, unless th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p cho<span class=\"_ _0\"></span>oses to desi<span class=\"_ _0\"></span>gnate the ent<span class=\"_ _0\"></span>ire hybr<span class=\"_ _0\"></span>id co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>ct at F<span class=\"_ _0\"></span>V<span class=\"_ _3\"></span>TP<span class=\"_ _0\"></span>L<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>A der<span class=\"_ _0\"></span>ivati<span class=\"_ _0\"></span>ve em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>dde<span class=\"_ _0\"></span>d in a ho<span class=\"_ _0\"></span>st in<span class=\"_ _0\"></span>sura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e or rei<span class=\"_ _0\"></span>nsur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>act is n<span class=\"_ _0\"></span>ot ac<span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>nted for s<span class=\"_ _0\"></span>epa<span class=\"_ _0\"></span>rately f<span class=\"_ _0\"></span>rom th<span class=\"_ _0\"></span>e hos<span class=\"_ _0\"></span>t co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>act if t<span class=\"_ _0\"></span>he e<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>dd<span class=\"_ _0\"></span>ed der<span class=\"_ _0\"></span>ivati<span class=\"_ _0\"></span>ve itse<span class=\"_ _0\"></span>lf me<span class=\"_ _0\"></span>ets the def<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>n of an insura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e or reins<span class=\"_ _0\"></span>uran<span class=\"_ _0\"></span>ce c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Coll<span class=\"_ _0\"></span>ater<span class=\"_ _0\"></span>al<span class=\"_ _3b2\"> </span>Co<span class=\"_ _0\"></span>llatera<span class=\"_ _0\"></span>l rece<span class=\"_ _0\"></span>ive<span class=\"_ _0\"></span>d in the form of cash<span class=\"_ _0\"></span>, whic<span class=\"_ _0\"></span>h is not leg<span class=\"_ _0\"></span>ally se<span class=\"_ _0\"></span>gre<span class=\"_ _0\"></span>gated fro<span class=\"_ _0\"></span>m the Grou<span class=\"_ _0\"></span>p, is reco<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>sed as an asse<span class=\"_ _0\"></span>t in the Co<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>lidated B<span class=\"_ _0\"></span>alan<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span> Sh<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t with a cor<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>pon<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>g liabili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y for the repay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt in Payab<span class=\"_ _0\"></span>les an<span class=\"_ _0\"></span>d other f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>l liabili<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>. Howeve<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>, where th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p has a curre<span class=\"_ _0\"></span>ntly<span class=\"_ _0\"></span> enforc<span class=\"_ _0\"></span>eab<span class=\"_ _0\"></span>le le<span class=\"_ _0\"></span>gal rig<span class=\"_ _0\"></span>ht of set-<span class=\"_ _0\"></span>of<span class=\"_ _0\"></span>f and the ab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y and in<span class=\"_ _0\"></span>tent to net set<span class=\"_ _0\"></span>tle<span class=\"_ _0\"></span>, the co<span class=\"_ _0\"></span>llatera<span class=\"_ _0\"></span>l liabili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y and ass<span class=\"_ _0\"></span>oci<span class=\"_ _0\"></span>ated der<span class=\"_ _0\"></span>ivati<span class=\"_ _0\"></span>ve balan<span class=\"_ _0\"></span>ces are sh<span class=\"_ _0\"></span>own net<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Non<span class=\"_ _3\"></span>-<span class=\"_ _0\"></span>cas<span class=\"_ _0\"></span>h co<span class=\"_ _0\"></span>llatera<span class=\"_ _0\"></span>l rec<span class=\"_ _0\"></span>eive<span class=\"_ _0\"></span>d is not re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>sed i<span class=\"_ _0\"></span>n the C<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>olid<span class=\"_ _0\"></span>ated B<span class=\"_ _0\"></span>alan<span class=\"_ _0\"></span>ce S<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>et un<span class=\"_ _0\"></span>les<span class=\"_ _0\"></span>s the tr<span class=\"_ _0\"></span>ansfer of th<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>llater<span class=\"_ _0\"></span>al me<span class=\"_ _0\"></span>ets th<span class=\"_ _0\"></span>e de<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>niti<span class=\"_ _0\"></span>on cri<span class=\"_ _0\"></span>teri<span class=\"_ _0\"></span>a from the p<span class=\"_ _0\"></span>ers<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ve of the transfer<span class=\"_ _0\"></span>or. <span class=\"_ _1\"></span>Su<span class=\"_ _0\"></span>ch co<span class=\"_ _0\"></span>llatera<span class=\"_ _0\"></span>l is typ<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ally re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d whe<span class=\"_ _0\"></span>n the Grou<span class=\"_ _0\"></span>p eit<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>: (a<span class=\"_ _1\"></span>) sells or rep<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>s these ass<span class=\"_ _0\"></span>ets in the abs<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>e of default<span class=\"_ _0\"></span>, at whic<span class=\"_ _0\"></span>h point th<span class=\"_ _0\"></span>e obli<span class=\"_ _0\"></span>gatio<span class=\"_ _0\"></span>n to return this co<span class=\"_ _0\"></span>llater<span class=\"_ _0\"></span>al is reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed as a liabil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>; or (b) the cou<span class=\"_ _0\"></span>nter<span class=\"_ _0\"></span>par<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y to the arr<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span> defaul<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>, at which po<span class=\"_ _0\"></span>int the co<span class=\"_ _0\"></span>llater<span class=\"_ _0\"></span>al is seized and re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed as an asse<span class=\"_ _0\"></span>t. Co<span class=\"_ _0\"></span>llatera<span class=\"_ _0\"></span>l pled<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>d in the form of cash<span class=\"_ _0\"></span>, whic<span class=\"_ _0\"></span>h is leg<span class=\"_ _0\"></span>ally se<span class=\"_ _0\"></span>gre<span class=\"_ _0\"></span>gated fro<span class=\"_ _0\"></span>m the Grou<span class=\"_ _0\"></span>p, is dere<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed fro<span class=\"_ _0\"></span>m the statem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t of finan<span class=\"_ _0\"></span>cial p<span class=\"_ _0\"></span>osit<span class=\"_ _0\"></span>ion wi<span class=\"_ _0\"></span>th a<span class=\"_ gsec\"> </span>cor<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>ndin<span class=\"_ _0\"></span>g rec<span class=\"_ _0\"></span>eiva<span class=\"_ _0\"></span>ble re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d for its retu<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>. Non<span class=\"_ _0\"></span>-<span class=\"_ _3\"></span>cash c<span class=\"_ _0\"></span>ollate<span class=\"_ _0\"></span>ral ple<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>ed is not der<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ised fr<span class=\"_ _0\"></span>om the st<span class=\"_ _0\"></span>ateme<span class=\"_ _0\"></span>nt of fina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al posi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n unle<span class=\"_ _0\"></span>ss the Gro<span class=\"_ _0\"></span>up defau<span class=\"_ _0\"></span>lts on i<span class=\"_ _0\"></span>ts oblig<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns und<span class=\"_ _0\"></span>er the re<span class=\"_ _0\"></span>levan<span class=\"_ _0\"></span>t agree<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>, and the<span class=\"_ _0\"></span>refore co<span class=\"_ _0\"></span>ntinu<span class=\"_ _0\"></span>es to be reco<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>sed in th<span class=\"_ _0\"></span>e Con<span class=\"_ _0\"></span>soli<span class=\"_ _0\"></span>dated Bal<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e Sh<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t within F<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l investm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s.<span class=\"_ _3b2\"> </span>Impairment<span class=\"_ _1\"></span> of financi<span class=\"_ _1\"></span>al ass<span class=\"_ _1\"></span>ets<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p asse<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s on a for<span class=\"_ _0\"></span>wa<span class=\"_ _0\"></span>rd<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>ok<span class=\"_ _0\"></span>ing b<span class=\"_ _0\"></span>asis th<span class=\"_ _0\"></span>e exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted cre<span class=\"_ _0\"></span>dit l<span class=\"_ _0\"></span>oss (<span class=\"_ _0\"></span>ECL) a<span class=\"_ _0\"></span>sso<span class=\"_ _0\"></span>ciated w<span class=\"_ _0\"></span>ith i<span class=\"_ _0\"></span>ts f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s meas<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>d at amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>ed c<span class=\"_ _0\"></span>ost<span class=\"_ _0\"></span> and F<span class=\"_ _3\"></span>VOCI<span class=\"_ _0\"></span>, and rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>s a loss allowan<span class=\"_ _0\"></span>ce for su<span class=\"_ _0\"></span>ch los<span class=\"_ _0\"></span>ses at eac<span class=\"_ _0\"></span>h repo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng date. E<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted cre<span class=\"_ _0\"></span>dit lo<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s are defi<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>d as the prese<span class=\"_ _0\"></span>nt valu<span class=\"_ _0\"></span>e of the dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nce b<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n all cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>tual c<span class=\"_ _0\"></span>ash fl<span class=\"_ _0\"></span>ows that are due and all c<span class=\"_ _0\"></span>ash fl<span class=\"_ _0\"></span>ows that the en<span class=\"_ _0\"></span>tit<span class=\"_ _0\"></span>y exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ts to recei<span class=\"_ _0\"></span>ve (i.e. th<span class=\"_ _0\"></span>e cash sh<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>tfall<span class=\"_ _0\"></span>), weigh<span class=\"_ _0\"></span>ted base<span class=\"_ _0\"></span>d on thei<span class=\"_ _0\"></span>r prob<span class=\"_ _0\"></span>abili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y of occu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e. Th<span class=\"_ _0\"></span>e loss all<span class=\"_ _0\"></span>owanc<span class=\"_ _0\"></span>e rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ised un<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r IFR<span class=\"_ _0\"></span>S 9 can be equ<span class=\"_ _0\"></span>al to an amoun<span class=\"_ _0\"></span>t cor<span class=\"_ _0\"></span>resp<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ding to a 1<span class=\"_ _1\"></span>2-m<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>th ECL or a lifeti<span class=\"_ _0\"></span>me ECL<span class=\"_ _0\"></span>. A lifetim<span class=\"_ _0\"></span>e ECL is the EC<span class=\"_ _0\"></span>L resul<span class=\"_ _0\"></span>ting fro<span class=\"_ _0\"></span>m all pos<span class=\"_ _0\"></span>sibl<span class=\"_ _0\"></span>e defaul<span class=\"_ _0\"></span>t events over th<span class=\"_ _0\"></span>e expe<span class=\"_ _0\"></span>cted life of the fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>; a 1<span class=\"_ _1\"></span>2-m<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>h ECL is the po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on of lifetim<span class=\"_ _0\"></span>e ECL resu<span class=\"_ _0\"></span>ltin<span class=\"_ _0\"></span>g from defau<span class=\"_ _0\"></span>lt even<span class=\"_ _0\"></span>ts on a fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial asse<span class=\"_ _0\"></span>t that are pos<span class=\"_ _0\"></span>sibl<span class=\"_ _0\"></span>e withi<span class=\"_ _0\"></span>n the 1<span class=\"_ _1\"></span>2 months af<span class=\"_ _0\"></span>ter th<span class=\"_ _0\"></span>e repo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g date. For a fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial ass<span class=\"_ _0\"></span>et that is cre<span class=\"_ _0\"></span>dit-<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>pai<span class=\"_ _0\"></span>red at the rep<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>ting date, bu<span class=\"_ _0\"></span>t that is not a purc<span class=\"_ _0\"></span>hase<span class=\"_ _0\"></span>d or ori<span class=\"_ _0\"></span>ginate<span class=\"_ _0\"></span>d credi<span class=\"_ _0\"></span>t-<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>paire<span class=\"_ _0\"></span>d fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial asse<span class=\"_ _0\"></span>t, ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cted cre<span class=\"_ _0\"></span>dit lo<span class=\"_ _0\"></span>sses are m<span class=\"_ _0\"></span>easu<span class=\"_ _0\"></span>red as the dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en the ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>\u2019s gross car<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 and the pre<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>t value of estim<span class=\"_ _0\"></span>ated fu<span class=\"_ _0\"></span>ture cas<span class=\"_ _0\"></span>h flows<span class=\"_ _0\"></span>, disc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ted at the fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial asse<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>\u2019s origin<span class=\"_ _0\"></span>al effe<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ve interes<span class=\"_ _0\"></span>t rate. Any adjus<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent is rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in profi<span class=\"_ _0\"></span>t or los<span class=\"_ _0\"></span>s as an impair<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt gain or l<span class=\"_ _0\"></span>oss<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Group d<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>nes defa<span class=\"_ _0\"></span>ult on a f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial ass<span class=\"_ _0\"></span>et as the ina<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y to meet in full an<span class=\"_ _0\"></span>d on time an or<span class=\"_ _0\"></span>igin<span class=\"_ _0\"></span>al prom<span class=\"_ _0\"></span>ise of expe<span class=\"_ _0\"></span>cted c<span class=\"_ _0\"></span>ash fl<span class=\"_ _0\"></span>ows, th<span class=\"_ _0\"></span>e amou<span class=\"_ _0\"></span>nt and timi<span class=\"_ _0\"></span>ng of which are d<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>d with ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tai<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>y. <span class=\"_ _1\"></span>Any b<span class=\"_ _0\"></span>reac<span class=\"_ _0\"></span>h of this promis<span class=\"_ _0\"></span>e, by any amou<span class=\"_ _0\"></span>nt or tim<span class=\"_ _0\"></span>e (in excess of any potenti<span class=\"_ _0\"></span>al plan<span class=\"_ _0\"></span>ned gr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>e per<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d), c<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>titu<span class=\"_ _0\"></span>tes a default<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>is is consi<span class=\"_ _0\"></span>stent wit<span class=\"_ _0\"></span>h the def<span class=\"_ _0\"></span>ini<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of default use<span class=\"_ _0\"></span>d for intern<span class=\"_ _0\"></span>al cre<span class=\"_ _0\"></span>dit ris<span class=\"_ _0\"></span>k manag<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent pu<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>s. An as<span class=\"_ _0\"></span>set is cre<span class=\"_ _0\"></span>dit-<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>paire<span class=\"_ _0\"></span>d whe<span class=\"_ _0\"></span>n one or m<span class=\"_ _0\"></span>ore event<span class=\"_ _0\"></span>s that have a detri<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>tal imp<span class=\"_ _0\"></span>act o<span class=\"_ _0\"></span>n the esti<span class=\"_ _0\"></span>mated fu<span class=\"_ _0\"></span>ture cas<span class=\"_ _0\"></span>h fl<span class=\"_ _0\"></span>ows of that finan<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>l asset have oc<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>red<span class=\"_ _0\"></span>. Evide<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e that a fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial asse<span class=\"_ _0\"></span>t is credi<span class=\"_ _0\"></span>t-<span class=\"_ _0\"></span>imp<span class=\"_ _0\"></span>aire<span class=\"_ _0\"></span>d incl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>s the followi<span class=\"_ _0\"></span>ng obse<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ble dat<span class=\"_ _0\"></span>a:<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">signi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>can<span class=\"_ _0\"></span>t fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial di<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>cul<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y of the b<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>rower<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">a breac<span class=\"_ _0\"></span>h of contr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>, suc<span class=\"_ _0\"></span>h as a default or pas<span class=\"_ _0\"></span>t due eve<span class=\"_ _0\"></span>nt<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">the res<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>uct<span class=\"_ _0\"></span>ure of a lo<span class=\"_ _0\"></span>an by the G<span class=\"_ _0\"></span>roup o<span class=\"_ _0\"></span>n ter<span class=\"_ _0\"></span>ms whi<span class=\"_ _0\"></span>ch it wo<span class=\"_ _0\"></span>uld n<span class=\"_ _0\"></span>ot othe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>wise c<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">it be<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>mes p<span class=\"_ _0\"></span>roba<span class=\"_ _0\"></span>ble that th<span class=\"_ _0\"></span>e bor<span class=\"_ _0\"></span>rower will en<span class=\"_ _0\"></span>ter bank<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>ptcy or othe<span class=\"_ _0\"></span>r fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial reo<span class=\"_ _0\"></span>rga<span class=\"_ _0\"></span>nisati<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></span>A fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al asse<span class=\"_ _0\"></span>t is writ<span class=\"_ _0\"></span>ten of<span class=\"_ _0\"></span>f when th<span class=\"_ _0\"></span>ere is no reas<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>ble exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tati<span class=\"_ _0\"></span>on of recove<span class=\"_ _0\"></span>rin<span class=\"_ _0\"></span>g the co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>ctu<span class=\"_ _0\"></span>al cash f<span class=\"_ _0\"></span>lows<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e ECL mo<span class=\"_ _0\"></span>del is ru<span class=\"_ _0\"></span>n from th<span class=\"_ _0\"></span>e date of <span class=\"_ _1\"></span>ini<span class=\"_ _0\"></span>tial rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>niti<span class=\"_ _0\"></span>on of a fina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al asset<span class=\"_ _0\"></span>, and it<span class=\"_ _0\"></span>s outp<span class=\"_ _0\"></span>ut up<span class=\"_ _0\"></span>dated at ever<span class=\"_ _3\"></span>y repor<span class=\"_ _3\"></span>ting p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>, even if no actu<span class=\"_ _0\"></span>al los<span class=\"_ _0\"></span>s events have taken pl<span class=\"_ _0\"></span>ace<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e impac<span class=\"_ _0\"></span>t of updati<span class=\"_ _0\"></span>ng the in<span class=\"_ _0\"></span>put<span class=\"_ _0\"></span>s of the ECL mod<span class=\"_ _0\"></span>el in the re<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g per<span class=\"_ _0\"></span>iod is re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d in prof<span class=\"_ _0\"></span>it or lo<span class=\"_ _0\"></span>ss dire<span class=\"_ _0\"></span>ctl<span class=\"_ _0\"></span>y where i<span class=\"_ _0\"></span>t affe<span class=\"_ _0\"></span>cts the c<span class=\"_ _0\"></span>arr<span class=\"_ _3\"></span>yin<span class=\"_ _0\"></span>g value of fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial asse<span class=\"_ _0\"></span>ts at amor<span class=\"_ _3\"></span>tise<span class=\"_ _0\"></span>d cost<span class=\"_ _0\"></span>, whil<span class=\"_ _0\"></span>e for assets at F<span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>OCI an e<span class=\"_ _0\"></span>qual an<span class=\"_ _0\"></span>d opp<span class=\"_ _0\"></span>osi<span class=\"_ _0\"></span>te moveme<span class=\"_ _0\"></span>nt is reco<span class=\"_ _0\"></span>rde<span class=\"_ _0\"></span>d in othe<span class=\"_ _0\"></span>r comprehen<span class=\"_ _1\"></span>siv<span class=\"_ _1\"></span>e incom<span class=\"_ _1\"></span>e. In orde<span class=\"_ _0\"></span>r to determi<span class=\"_ _0\"></span>ne whe<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r the Gro<span class=\"_ _0\"></span>up meas<span class=\"_ _0\"></span>ures EC<span class=\"_ _0\"></span>Ls at an am<span class=\"_ _0\"></span>ount e<span class=\"_ _0\"></span>qual to 1<span class=\"_ _1\"></span>2-<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>nth ECL o<span class=\"_ _0\"></span>r lifetime EC<span class=\"_ _0\"></span>L<span class=\"_ _0\"></span>, at each re<span class=\"_ _0\"></span>por<span class=\"_ _3\"></span>ting pe<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>od the Gr<span class=\"_ _0\"></span>oup<span class=\"_ _0\"></span> is requi<span class=\"_ _0\"></span>red to asses<span class=\"_ _0\"></span>s which \u2018st<span class=\"_ _0\"></span>age\u2019 a f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial as<span class=\"_ _0\"></span>set falls into. S<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ges ref<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>ct the g<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>ral pat<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>n of deteri<span class=\"_ _0\"></span>orat<span class=\"_ _0\"></span>ion in cre<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t risk of a fina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al inst<span class=\"_ _0\"></span>rum<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t that ulti<span class=\"_ _0\"></span>mately defa<span class=\"_ _0\"></span>ults<span class=\"_ _0\"></span>, as follows:<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">S<span class=\"_ _0\"></span>tag<span class=\"_ _0\"></span>e 1 inclu<span class=\"_ _0\"></span>des f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>ally he<span class=\"_ _0\"></span>althy f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al assets th<span class=\"_ _0\"></span>at are expe<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d to <span class=\"_ _1\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>m in line with th<span class=\"_ _0\"></span>eir c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>ual term<span class=\"_ _0\"></span>s, and wh<span class=\"_ _0\"></span>ich have no sig<span class=\"_ _0\"></span>ns </span>of<span class=\"_ gsec\"> </span>inc<span class=\"_ _0\"></span>rease<span class=\"_ _0\"></span>d cred<span class=\"_ _0\"></span>it ris<span class=\"_ _0\"></span>k<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>age 2 includ<span class=\"_ _0\"></span>es fina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al assets for which a <span class=\"_ _1\"></span>signi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>nt increa<span class=\"_ _0\"></span>se in <span class=\"_ _1\"></span>cre<span class=\"_ _0\"></span>dit risk has occ<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>red sinc<span class=\"_ _0\"></span>e initial rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>, but which are not <span class=\"_ _1\"></span>cre<span class=\"_ _0\"></span>dit-<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>mpai<span class=\"_ _0\"></span>red<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">S<span class=\"_ _0\"></span>tag<span class=\"_ _0\"></span>e 3 applie<span class=\"_ _0\"></span>s to credit-<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>mpai<span class=\"_ _0\"></span>red f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial in<span class=\"_ _0\"></span>str<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></span>Wh<span class=\"_ _0\"></span>en fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial ass<span class=\"_ _0\"></span>ets are un<span class=\"_ _0\"></span>der S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>age 1, <span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>2-<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>nth EC<span class=\"_ _0\"></span>Ls are re<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 fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial asse<span class=\"_ _0\"></span>ts are unde<span class=\"_ _0\"></span>r S<span class=\"_ _0\"></span>tag<span class=\"_ _0\"></span>e 2 or 3, lifetim<span class=\"_ _0\"></span>e ECL<span class=\"_ _0\"></span>s are rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d. An in<span class=\"_ _0\"></span>str<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ent move<span class=\"_ _0\"></span>s down (or up<span class=\"_ _1\"></span>) the stag<span class=\"_ _0\"></span>es whe<span class=\"_ _0\"></span>n a signif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant in<span class=\"_ _0\"></span>creas<span class=\"_ _0\"></span>e in cred<span class=\"_ _0\"></span>it ris<span class=\"_ _0\"></span>k (SICR) has hap<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ned (or has rever<span class=\"_ _0\"></span>sed<span class=\"_ _0\"></span>). Wh<span class=\"_ _0\"></span>en deter<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ning wh<span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span>er the cre<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t risk of a fina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al instr<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ent has in<span class=\"_ _0\"></span>cre<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>d signif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>antl<span class=\"_ _0\"></span>y sinc<span class=\"_ _0\"></span>e init<span class=\"_ _0\"></span>ial rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>niti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>, the Grou<span class=\"_ _0\"></span>p con<span class=\"_ _0\"></span>side<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span> reaso<span class=\"_ _0\"></span>nab<span class=\"_ _0\"></span>le and su<span class=\"_ _0\"></span>ppo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ble infor<span class=\"_ _0\"></span>mati<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>, both qua<span class=\"_ _0\"></span>litat<span class=\"_ _0\"></span>ive and qua<span class=\"_ _0\"></span>ntit<span class=\"_ _0\"></span>ative<span class=\"_ _0\"></span>, that is releva<span class=\"_ _0\"></span>nt and is availab<span class=\"_ _0\"></span>le with<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>t undu<span class=\"_ _0\"></span>e cos<span class=\"_ _0\"></span>t or effo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>, incl<span class=\"_ _0\"></span>udin<span class=\"_ _0\"></span>g for<span class=\"_ _0\"></span>ward<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>oo<span class=\"_ _0\"></span>kin<span class=\"_ _0\"></span>g inform<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n at its dispo<span class=\"_ _0\"></span>sal<span class=\"_ _0\"></span>. Key indic<span class=\"_ _0\"></span>ators use<span class=\"_ _0\"></span>d in orde<span class=\"_ _0\"></span>r to determi<span class=\"_ _0\"></span>ne whe<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r a SIC<span class=\"_ _0\"></span>R has occ<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>red (eithe<span class=\"_ _0\"></span>r in isol<span class=\"_ _0\"></span>ation o<span class=\"_ _0\"></span>r in combination) <span class=\"_ _1\"></span>are:<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">deter<span class=\"_ _0\"></span>ior<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n in rating gr<span class=\"_ _0\"></span>ade be<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n origi<span class=\"_ _0\"></span>natio<span class=\"_ _0\"></span>n date and rep<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ing date. T<span class=\"_ _0\"></span>he level of dete<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>ratio<span class=\"_ _0\"></span>n requ<span class=\"_ _0\"></span>ired by an ind<span class=\"_ _0\"></span>ivid<span class=\"_ _0\"></span>ual ass<span class=\"_ _0\"></span>et is deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ed </span>usin<span class=\"_ _0\"></span>g a relati<span class=\"_ _0\"></span>ve ratin<span class=\"_ _0\"></span>g matr<span class=\"_ _0\"></span>ix<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">exp<span class=\"_ _0\"></span>osure is i<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>ntif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d on th<span class=\"_ _0\"></span>e invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>rs\u2019 \u2018<span class=\"_ _0\"></span>watchlis<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>\u2019<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">exp<span class=\"_ _0\"></span>osure is i<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>ntif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d on inte<span class=\"_ _0\"></span>rnal \u2018c<span class=\"_ _0\"></span>red<span class=\"_ _0\"></span>it watchl<span class=\"_ _0\"></span>ists\u2019<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">a manua<span class=\"_ _0\"></span>l shif<span class=\"_ _0\"></span>t of an expo<span class=\"_ _0\"></span>sure to S<span class=\"_ _0\"></span>tage 2 on an exce<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>nal basis (whe<span class=\"_ _0\"></span>re requi<span class=\"_ _0\"></span>red<span class=\"_ _0\"></span>, using ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt jud<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t).<span class=\"_ _3b2\"> </span></span>Th<span class=\"_ _0\"></span>e provis<span class=\"_ _0\"></span>ions of I<span class=\"_ _0\"></span>FR<span class=\"_ _0\"></span>S 9 inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>e a reb<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ble p<span class=\"_ _0\"></span>resu<span class=\"_ _0\"></span>mptio<span class=\"_ _0\"></span>n that t<span class=\"_ _0\"></span>he cre<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t risk o<span class=\"_ _0\"></span>n a f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial a<span class=\"_ _0\"></span>sset h<span class=\"_ _0\"></span>as in<span class=\"_ _0\"></span>creas<span class=\"_ _0\"></span>ed si<span class=\"_ _0\"></span>gnif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>antl<span class=\"_ _0\"></span>y sin<span class=\"_ _0\"></span>ce in<span class=\"_ _0\"></span>itia<span class=\"_ _0\"></span>l rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>on whe<span class=\"_ _0\"></span>n con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>tual pay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts are mo<span class=\"_ _0\"></span>re than 30 days pas<span class=\"_ _0\"></span>t due<span class=\"_ _0\"></span>, whic<span class=\"_ _0\"></span>h is taken into acco<span class=\"_ _0\"></span>unt for this ass<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p makes u<span class=\"_ _0\"></span>se of a pra<span class=\"_ _0\"></span>ctic<span class=\"_ _0\"></span>al ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>die<span class=\"_ _0\"></span>nt availab<span class=\"_ _0\"></span>le in I<span class=\"_ _0\"></span>FR<span class=\"_ _0\"></span>S 9 whe<span class=\"_ _0\"></span>reby i<span class=\"_ _0\"></span>t can b<span class=\"_ _0\"></span>e ass<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>d that t<span class=\"_ _0\"></span>he cr<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>t risk o<span class=\"_ _0\"></span>n a f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>l inst<span class=\"_ _0\"></span>rum<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t has<span class=\"_ gsec\"> </span>not<span class=\"_ gsec\"> </span>i<span class=\"_ _0\"></span>ncre<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>d signif<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>can<span class=\"_ _0\"></span>tly sin<span class=\"_ _0\"></span>ce ini<span class=\"_ _0\"></span>tial rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>niti<span class=\"_ _0\"></span>on if the f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al instr<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ent is de<span class=\"_ _0\"></span>termi<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>d to have <span class=\"_ _1\"></span>low cre<span class=\"_ _0\"></span>dit ris<span class=\"_ _0\"></span>k at the repo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng date (e.g.<span class=\"_ gsec\"> </span>investm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t grade as de<span class=\"_ _0\"></span>term<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d by the Group<span class=\"_ _0\"></span>\u2019s asset manag<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s). <span class=\"_ _1\"></span>This all<span class=\"_ _0\"></span>ows reco<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of 1<span class=\"_ _1\"></span>2-m<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>h ECL<span class=\"_ _0\"></span>s as oppo<span class=\"_ _0\"></span>sed to, poten<span class=\"_ _0\"></span>tiall<span class=\"_ _0\"></span>y, lifetim<span class=\"_ _0\"></span>e ECL<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>his is dee<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>d to be the case wh<span class=\"_ _0\"></span>ere asse<span class=\"_ _0\"></span>ts that have be<span class=\"_ _0\"></span>en down<span class=\"_ _0\"></span>gra<span class=\"_ _0\"></span>ded re<span class=\"_ _0\"></span>main of go<span class=\"_ _0\"></span>od cre<span class=\"_ _0\"></span>dit qu<span class=\"_ _0\"></span>alit<span class=\"_ _0\"></span>y (i<span class=\"_ _0\"></span>.e. invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt grad<span class=\"_ _0\"></span>e as<span class=\"_ gsec\"> </span>deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ed by the Gro<span class=\"_ _0\"></span>up\u2019s asset ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>ers) as at the repor<span class=\"_ _3\"></span>ting date, to the ex<span class=\"_ _0\"></span>tent th<span class=\"_ _0\"></span>at, whe<span class=\"_ _0\"></span>re rele<span class=\"_ _0\"></span>vant<span class=\"_ _0\"></span>, the Gro<span class=\"_ _0\"></span>up\u2019s internal c<span class=\"_ _0\"></span>redi<span class=\"_ _0\"></span>t risk rat<span class=\"_ _0\"></span>ings<span class=\"_ _0\"></span> are con<span class=\"_ _0\"></span>side<span class=\"_ _0\"></span>red to be co<span class=\"_ _0\"></span>nsiste<span class=\"_ _0\"></span>nt with a glo<span class=\"_ _0\"></span>ball<span class=\"_ _0\"></span>y unde<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>tood def<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>n of \u2018l<span class=\"_ _0\"></span>ow credi<span class=\"_ _0\"></span>t risk<span class=\"_ _3\"></span>\u2019<span class=\"_ _1\"></span>.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Group es<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>ates ECL<span class=\"_ _0\"></span>s on its fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nts at amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>ed co<span class=\"_ _0\"></span>st and de<span class=\"_ _0\"></span>bt ins<span class=\"_ _0\"></span>tru<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts at F<span class=\"_ _0\"></span>VO<span class=\"_ _0\"></span>CI whic<span class=\"_ _0\"></span>h are not cre<span class=\"_ _0\"></span>dit-<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>mpai<span class=\"_ _0\"></span>red by usin<span class=\"_ _0\"></span>g the pro<span class=\"_ _0\"></span>bab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y of defaul<span class=\"_ _0\"></span>t appro<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>h. Bas<span class=\"_ _0\"></span>ed on this m<span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>, the ECL<span class=\"_ _0\"></span>s are a proba<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>-we<span class=\"_ _0\"></span>ighted es<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>ate of <span class=\"_ _1\"></span>the pre<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>t value of estim<span class=\"_ _0\"></span>ated cas<span class=\"_ _0\"></span>h sho<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>falls<span class=\"_ _0\"></span>, i.e. th<span class=\"_ _0\"></span>e weighted aver<span class=\"_ _0\"></span>age of cred<span class=\"_ _0\"></span>it los<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>, with th<span class=\"_ _0\"></span>e respe<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ive risk<span class=\"_ _0\"></span>s of a <span class=\"_ _1\"></span>defaul<span class=\"_ _0\"></span>t oc<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ng use<span class=\"_ _0\"></span>d as the weighti<span class=\"_ _0\"></span>ngs<span class=\"_ _0\"></span>. For this pu<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>, the key elem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s to <span class=\"_ _1\"></span>be ca<span class=\"_ _0\"></span>lcu<span class=\"_ _0\"></span>lated are the Pro<span class=\"_ _0\"></span>bab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y of Defau<span class=\"_ _0\"></span>lt (PD), i.e. th<span class=\"_ _0\"></span>e estim<span class=\"_ _0\"></span>ate of the likeliho<span class=\"_ _0\"></span>od of defaul<span class=\"_ _0\"></span>t over a given tim<span class=\"_ _0\"></span>e hor<span class=\"_ _0\"></span>izon (either<span class=\"_ _0\"></span> 1<span class=\"_ _1\"></span>2 months o<span class=\"_ _0\"></span>r lifetime); the res<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ctive Lo<span class=\"_ _0\"></span>ss Give<span class=\"_ _0\"></span>n Defaul<span class=\"_ _0\"></span>t (LGD); and the E<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>osu<span class=\"_ _0\"></span>re at Default (E<span class=\"_ _3\"></span>A<span class=\"_ _0\"></span>D).<span class=\"_ _3b2\"> </span>E<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>osur<span class=\"_ _0\"></span>es that move into S<span class=\"_ _0\"></span>tag<span class=\"_ _0\"></span>e 3 are able to transi<span class=\"_ _0\"></span>tion ba<span class=\"_ _0\"></span>ck to St<span class=\"_ _0\"></span>age 2 if the ass<span class=\"_ _0\"></span>et no lon<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>r mee<span class=\"_ _0\"></span>ts the def<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>n of default<span class=\"_ _0\"></span>. Sim<span class=\"_ _0\"></span>ilar<span class=\"_ _0\"></span>ly, exposu<span class=\"_ _0\"></span>res will re<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>tran<span class=\"_ _0\"></span>siti<span class=\"_ _0\"></span>on fro<span class=\"_ _0\"></span>m S<span class=\"_ _0\"></span>tage 2 to St<span class=\"_ _0\"></span>age 1 whe<span class=\"_ _0\"></span>re the SI<span class=\"_ _0\"></span>CR in<span class=\"_ _0\"></span>dic<span class=\"_ _0\"></span>ators no lo<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>r app<span class=\"_ _0\"></span>ly. No separate cu<span class=\"_ _0\"></span>re or prob<span class=\"_ _0\"></span>ation p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>ods are ap<span class=\"_ _0\"></span>plie<span class=\"_ _0\"></span>d on the ba<span class=\"_ _0\"></span>sis that asse<span class=\"_ _0\"></span>ts will not be re<span class=\"_ _0\"></span>-<span class=\"_ _3\"></span>rated or moved o<span class=\"_ _0\"></span>ut of defaul<span class=\"_ _0\"></span>t until the<span class=\"_ _0\"></span>re is evide<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e of stabl<span class=\"_ _0\"></span>e and imp<span class=\"_ _0\"></span>roved pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>man<span class=\"_ _0\"></span>ce.<span class=\"_ _3b2\"> </span>In ord<span class=\"_ _0\"></span>er to dete<span class=\"_ _0\"></span>rmi<span class=\"_ _0\"></span>ne 1<span class=\"_ _1\"></span>2-<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>h or lifeti<span class=\"_ _0\"></span>me P<span class=\"_ _0\"></span>Ds th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p\u2019s mod<span class=\"_ _0\"></span>els u<span class=\"_ _0\"></span>tilise hi<span class=\"_ _0\"></span>stori<span class=\"_ _0\"></span>cal d<span class=\"_ _0\"></span>ata ob<span class=\"_ _0\"></span>tain<span class=\"_ _0\"></span>ed fro<span class=\"_ _0\"></span>m S<span class=\"_ _0\"></span>&amp;<span class=\"_ _0\"></span>P an<span class=\"_ _0\"></span>d Mo<span class=\"_ _0\"></span>ody<span class=\"_ _3\"></span>\u2019s in order to eval<span class=\"_ _0\"></span>uate tran<span class=\"_ _0\"></span>siti<span class=\"_ _0\"></span>ons (i.e<span class=\"_ _0\"></span>. the pro<span class=\"_ _0\"></span>babi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y that a se<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>es ratin<span class=\"_ _0\"></span>g in a given year) and defau<span class=\"_ _0\"></span>lts<span class=\"_ _0\"></span>, plus sc<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ario<span class=\"_ _3\"></span>-<span class=\"_ _0\"></span>spe<span class=\"_ _0\"></span>cif<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>c annua<span class=\"_ _0\"></span>l scali<span class=\"_ _0\"></span>ng factor<span class=\"_ _0\"></span>s whic<span class=\"_ _0\"></span>h adjus<span class=\"_ _0\"></span>t the PDs for for<span class=\"_ _0\"></span>wa<span class=\"_ _0\"></span>rd<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>ok<span class=\"_ _0\"></span>ing infor<span class=\"_ _0\"></span>mati<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>. The f<span class=\"_ _0\"></span>inal P<span class=\"_ _0\"></span>Ds prod<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>ed by the mo<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>l are unco<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal<span class=\"_ _0\"></span>, i.e. the<span class=\"_ _0\"></span>y inco<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ate both the pro<span class=\"_ _0\"></span>babi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y of not defaul<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g until the st<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>t of the pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>, and the sub<span class=\"_ _0\"></span>seq<span class=\"_ _0\"></span>uen<span class=\"_ _0\"></span>t prob<span class=\"_ _0\"></span>abili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y of default in that p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>, con<span class=\"_ _0\"></span>diti<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>l on the pos<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>n not havin<span class=\"_ _0\"></span>g defaul<span class=\"_ _0\"></span>ted to that point<span class=\"_ _0\"></span>. This all<span class=\"_ _0\"></span>ows them to be sum<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>d over 1<span class=\"_ _1\"></span>2 months to provid<span class=\"_ _0\"></span>e 1<span class=\"_ _1\"></span>2-<span class=\"_ _0\"></span>mon<span class=\"_ _0\"></span>th PD esti<span class=\"_ _0\"></span>mates<span class=\"_ _0\"></span>, or over all remai<span class=\"_ _0\"></span>nin<span class=\"_ _0\"></span>g mont<span class=\"_ _0\"></span>hs to produc<span class=\"_ _0\"></span>e lifetim<span class=\"_ _0\"></span>e PD estimat<span class=\"_ _1\"></span>es.<span class=\"_ _3b2\"> </span>LGD is the magni<span class=\"_ _0\"></span>tud<span class=\"_ _0\"></span>e of the likely los<span class=\"_ _0\"></span>s if there is a defaul<span class=\"_ _0\"></span>t, ba<span class=\"_ _0\"></span>sed on th<span class=\"_ _0\"></span>e histor<span class=\"_ _3\"></span>y of <span class=\"_ _1\"></span>rec<span class=\"_ _0\"></span>over<span class=\"_ _3\"></span>y rates of <span class=\"_ _1\"></span>clai<span class=\"_ _0\"></span>ms agai<span class=\"_ _0\"></span>nst defau<span class=\"_ _0\"></span>lted c<span class=\"_ _0\"></span>ounter<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s, an<span class=\"_ _0\"></span>d tak<span class=\"_ _0\"></span>ing into acc<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nt coll<span class=\"_ _0\"></span>ateral valu<span class=\"_ _0\"></span>es whe<span class=\"_ _0\"></span>re app<span class=\"_ _0\"></span>lic<span class=\"_ _0\"></span>able<span class=\"_ _0\"></span>. E<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>D rep<span class=\"_ _0\"></span>rese<span class=\"_ _0\"></span>nts the exp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>cted exp<span class=\"_ _0\"></span>osu<span class=\"_ _0\"></span>re in the event of a defaul<span class=\"_ _0\"></span>t. Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p estim<span class=\"_ _0\"></span>ates LGD base<span class=\"_ _0\"></span>d on the histor<span class=\"_ _3\"></span>y of recover<span class=\"_ _3\"></span>y rates of <span class=\"_ _1\"></span>clai<span class=\"_ _0\"></span>ms agai<span class=\"_ _0\"></span>nst defaul<span class=\"_ _0\"></span>ted co<span class=\"_ _0\"></span>unter<span class=\"_ _0\"></span>par<span class=\"_ _3\"></span>ties. A<span class=\"_ _0\"></span>pp<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>riate hairc<span class=\"_ _0\"></span>uts are ap<span class=\"_ _0\"></span>plie<span class=\"_ _0\"></span>d to baselin<span class=\"_ _0\"></span>e unse<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>red LGDs an<span class=\"_ _0\"></span>d used in co<span class=\"_ _0\"></span>njun<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on wit<span class=\"_ _0\"></span>h forec<span class=\"_ _0\"></span>ast co<span class=\"_ _0\"></span>llater<span class=\"_ _0\"></span>al value<span class=\"_ _0\"></span>s to esti<span class=\"_ _0\"></span>mate LGD for assets se<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>ed by coll<span class=\"_ _0\"></span>ateral<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e Group ha<span class=\"_ _0\"></span>s adopte<span class=\"_ _0\"></span>d a simplif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d app<span class=\"_ _0\"></span>roac<span class=\"_ _0\"></span>h for trade re<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ivab<span class=\"_ _0\"></span>les<span class=\"_ _0\"></span>, con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>t asse<span class=\"_ _0\"></span>ts and f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>ce an<span class=\"_ _0\"></span>d ope<span class=\"_ _0\"></span>ratin<span class=\"_ _0\"></span>g lease re<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ivab<span class=\"_ _0\"></span>les<span class=\"_ _0\"></span>. This all<span class=\"_ _0\"></span>ows meas<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t of lifetime ECL<span class=\"_ _0\"></span>s onl<span class=\"_ _0\"></span>y, thereby rem<span class=\"_ _0\"></span>ovin<span class=\"_ _0\"></span>g the ne<span class=\"_ _0\"></span>ed to iden<span class=\"_ _0\"></span>tif<span class=\"_ _0\"></span>y SI<span class=\"_ _0\"></span>CRs<span class=\"_ _0\"></span>. For the<span class=\"_ _0\"></span>se bala<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>s, th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p makes use of provisio<span class=\"_ _0\"></span>n matr<span class=\"_ _0\"></span>ice<span class=\"_ _0\"></span>s in orde<span class=\"_ _0\"></span>r to calcu<span class=\"_ _0\"></span>late such lifeti<span class=\"_ _0\"></span>me EC<span class=\"_ _0\"></span>Ls<span class=\"_ _0\"></span>. This is a prac<span class=\"_ _0\"></span>tic<span class=\"_ _0\"></span>al exp<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>ent all<span class=\"_ _0\"></span>owed by IFR<span class=\"_ _0\"></span>S 9 where<span class=\"_ _0\"></span>by histori<span class=\"_ _0\"></span>cal cr<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>t loss ex<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e and fi<span class=\"_ _0\"></span>xed loss<span class=\"_ _0\"></span> rates are appl<span class=\"_ _0\"></span>ied to the bala<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>s out<span class=\"_ _0\"></span>stan<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>g. Histo<span class=\"_ _0\"></span>ric<span class=\"_ _0\"></span>al los<span class=\"_ _0\"></span>s rates are adjuste<span class=\"_ _0\"></span>d to allow for f<span class=\"_ _1\"></span>or<span class=\"_ _0\"></span>war<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>ok<span class=\"_ _0\"></span>ing infor<span class=\"_ _0\"></span>mati<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Hedge accounting<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Group us<span class=\"_ _0\"></span>es he<span class=\"_ _0\"></span>dge ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>unti<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>, provid<span class=\"_ _0\"></span>ed the pre<span class=\"_ _0\"></span>scr<span class=\"_ _0\"></span>ib<span class=\"_ _0\"></span>ed cr<span class=\"_ _0\"></span>iter<span class=\"_ _0\"></span>ia are met<span class=\"_ _0\"></span>, to reco<span class=\"_ _0\"></span>gnise th<span class=\"_ _0\"></span>e offs<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g effe<span class=\"_ _0\"></span>cts of chan<span class=\"_ _0\"></span>ges in th<span class=\"_ _0\"></span>e fair value or c<span class=\"_ _0\"></span>ash fl<span class=\"_ _0\"></span>ow of the deri<span class=\"_ _0\"></span>vative ins<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nt and th<span class=\"_ _0\"></span>e hedg<span class=\"_ _0\"></span>ed i<span class=\"_ _0\"></span>tem. He<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>e acc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ting ca<span class=\"_ _0\"></span>n be app<span class=\"_ _0\"></span>lied in o<span class=\"_ _0\"></span>rder to:<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">hed<span class=\"_ _0\"></span>ge the ex<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>ure to fair value move<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts of a recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d asset o<span class=\"_ _0\"></span>r liabili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y or an unre<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>irm c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>mitm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t, or a co<span class=\"_ _0\"></span>mpo<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>nt of any </span>suc<span class=\"_ _0\"></span>h item<span class=\"_ _0\"></span>, that is att<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>uta<span class=\"_ _0\"></span>ble to a par<span class=\"_ _0\"></span>tic<span class=\"_ _0\"></span>ular r<span class=\"_ _0\"></span>isk and co<span class=\"_ _0\"></span>uld af<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t the Co<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>lidated In<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me S<span class=\"_ _0\"></span>tate<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">hed<span class=\"_ _0\"></span>ge the ex<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>ure to variab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y in cas<span class=\"_ _0\"></span>h fl<span class=\"_ _0\"></span>ows attr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>tab<span class=\"_ _0\"></span>le to a par<span class=\"_ _0\"></span>tic<span class=\"_ _0\"></span>ular ri<span class=\"_ _0\"></span>sk asso<span class=\"_ _0\"></span>ciate<span class=\"_ _0\"></span>d with all, o<span class=\"_ _0\"></span>r a comp<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ent of, a recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d asset o<span class=\"_ _0\"></span>r </span>liabi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y, or a highly pro<span class=\"_ _0\"></span>babl<span class=\"_ _0\"></span>e forec<span class=\"_ _0\"></span>ast tr<span class=\"_ _0\"></span>ansa<span class=\"_ _0\"></span>ctio<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>, that cou<span class=\"_ _0\"></span>ld affe<span class=\"_ _0\"></span>ct the C<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>olid<span class=\"_ _0\"></span>ated Inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e S<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nt<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">hed<span class=\"_ _0\"></span>ge the ex<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>ure to the cur<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>y risk ass<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>iated with a ne<span class=\"_ _0\"></span>t investm<span class=\"_ _0\"></span>ent in a foreig<span class=\"_ _0\"></span>n ope<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></span>Th<span class=\"_ _0\"></span>e relatio<span class=\"_ _0\"></span>nsh<span class=\"_ _0\"></span>ip bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en the he<span class=\"_ _0\"></span>dgi<span class=\"_ _0\"></span>ng ins<span class=\"_ _0\"></span>tru<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt and the he<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>ed item<span class=\"_ _0\"></span>, toge<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r with the r<span class=\"_ _0\"></span>isk mana<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t obje<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ve and str<span class=\"_ _0\"></span>ategy for und<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>taki<span class=\"_ _0\"></span>ng the he<span class=\"_ _0\"></span>dge tr<span class=\"_ _0\"></span>ansa<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>, are doc<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nted for<span class=\"_ _0\"></span>mall<span class=\"_ _0\"></span>y at the inc<span class=\"_ _0\"></span>eptio<span class=\"_ _0\"></span>n of the trans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e doc<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>ntati<span class=\"_ _0\"></span>on in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>des ide<span class=\"_ _0\"></span>ntif<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>catio<span class=\"_ _0\"></span>n of the hed<span class=\"_ _0\"></span>gin<span class=\"_ _0\"></span>g inst<span class=\"_ _0\"></span>rum<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t, the h<span class=\"_ _0\"></span>edg<span class=\"_ _0\"></span>ed ite<span class=\"_ _0\"></span>m, th<span class=\"_ _0\"></span>e nature of the risk b<span class=\"_ _0\"></span>eing h<span class=\"_ _0\"></span>edg<span class=\"_ _0\"></span>ed an<span class=\"_ _0\"></span>d how the Grou<span class=\"_ _0\"></span>p will asse<span class=\"_ _0\"></span>ss whet<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r the hed<span class=\"_ _0\"></span>gin<span class=\"_ _0\"></span>g relatio<span class=\"_ _0\"></span>nsh<span class=\"_ _0\"></span>ip me<span class=\"_ _0\"></span>ets the he<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>e ef<span class=\"_ _0\"></span>fecti<span class=\"_ _0\"></span>ven<span class=\"_ _0\"></span>ess req<span class=\"_ _0\"></span>uire<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts (inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>ing the an<span class=\"_ _0\"></span>alys<span class=\"_ _0\"></span>is of sourc<span class=\"_ _0\"></span>es of hedg<span class=\"_ _0\"></span>e inef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>tive<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>s and how the he<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>e ratio is deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>). A hedgi<span class=\"_ _0\"></span>ng relati<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>hip qual<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ies for he<span class=\"_ _0\"></span>dge ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>unti<span class=\"_ _0\"></span>ng if it me<span class=\"_ _0\"></span>ets all of the followi<span class=\"_ _0\"></span>ng ef<span class=\"_ _0\"></span>fecti<span class=\"_ _0\"></span>ven<span class=\"_ _0\"></span>ess req<span class=\"_ _0\"></span>uire<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts:<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">the<span class=\"_ _0\"></span>re is an e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>nom<span class=\"_ _0\"></span>ic rel<span class=\"_ _0\"></span>ation<span class=\"_ _0\"></span>ship b<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en th<span class=\"_ _0\"></span>e hed<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>d item a<span class=\"_ _0\"></span>nd th<span class=\"_ _0\"></span>e hed<span class=\"_ _0\"></span>gin<span class=\"_ _0\"></span>g inst<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">the ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t of cre<span class=\"_ _0\"></span>dit r<span class=\"_ _0\"></span>isk d<span class=\"_ _0\"></span>oes n<span class=\"_ _0\"></span>ot do<span class=\"_ _0\"></span>mina<span class=\"_ _0\"></span>te the valu<span class=\"_ _0\"></span>e cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>s that res<span class=\"_ _0\"></span>ult f<span class=\"_ _0\"></span>rom th<span class=\"_ _0\"></span>at ec<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>omi<span class=\"_ _0\"></span>c relat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>ship<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">the h<span class=\"_ _0\"></span>edg<span class=\"_ _0\"></span>e rati<span class=\"_ _0\"></span>o of the he<span class=\"_ _0\"></span>dgi<span class=\"_ _0\"></span>ng rel<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>nshi<span class=\"_ _0\"></span>p is the s<span class=\"_ _0\"></span>ame as t<span class=\"_ _0\"></span>hat res<span class=\"_ _0\"></span>ulti<span class=\"_ _0\"></span>ng fro<span class=\"_ _0\"></span>m the q<span class=\"_ _0\"></span>uant<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y of the h<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>d item th<span class=\"_ _0\"></span>at the G<span class=\"_ _0\"></span>roup a<span class=\"_ _0\"></span>ctu<span class=\"_ _0\"></span>ally h<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>ges<span class=\"_ _0\"></span> </span>and the qu<span class=\"_ _0\"></span>anti<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y of the hedg<span class=\"_ _0\"></span>ing ins<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nt that th<span class=\"_ _0\"></span>e Group ac<span class=\"_ _0\"></span>tual<span class=\"_ _0\"></span>ly uses to hed<span class=\"_ _0\"></span>ge that qu<span class=\"_ _0\"></span>anti<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y of hedge<span class=\"_ _0\"></span>d item<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Cur<span class=\"_ _0\"></span>rent<span class=\"_ _0\"></span>ly, the Group he<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>es foreig<span class=\"_ _0\"></span>n exchan<span class=\"_ _0\"></span>ge tran<span class=\"_ _0\"></span>slati<span class=\"_ _0\"></span>on and inte<span class=\"_ _0\"></span>rest rate risk<span class=\"_ _0\"></span>s on its fi<span class=\"_ _0\"></span>xed rate US<span class=\"_ _0\"></span>D den<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>inated bo<span class=\"_ _0\"></span>rrow<span class=\"_ _0\"></span>ings (the he<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>ed item<span class=\"_ _0\"></span>s), usin<span class=\"_ _0\"></span>g cross<span class=\"_ _0\"></span>-<span class=\"_ _3\"></span>cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cy interes<span class=\"_ _0\"></span>t rate swaps (the hed<span class=\"_ _0\"></span>gin<span class=\"_ _0\"></span>g items). It reco<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>s the ef<span class=\"_ _0\"></span>fecti<span class=\"_ _0\"></span>ve por<span class=\"_ _3\"></span>tion of the gai<span class=\"_ _0\"></span>n or loss o<span class=\"_ _0\"></span>n the hed<span class=\"_ _0\"></span>gin<span class=\"_ _0\"></span>g items in the<span class=\"_ _0\"></span> Co<span class=\"_ _0\"></span>nsol<span class=\"_ _0\"></span>idated S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ateme<span class=\"_ _0\"></span>nt of Com<span class=\"_ _0\"></span>preh<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>ive Inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e and in a sepa<span class=\"_ _0\"></span>rate reser<span class=\"_ _3\"></span>ve within eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y. The gain o<span class=\"_ _0\"></span>r loss rel<span class=\"_ _0\"></span>ating to the inef<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ve por<span class=\"_ _3\"></span>tion is rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d imme<span class=\"_ _0\"></span>diatel<span class=\"_ _0\"></span>y in the Co<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>lidated In<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me S<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>teme<span class=\"_ _0\"></span>nt. A<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>unts ac<span class=\"_ _0\"></span>cum<span class=\"_ _0\"></span>ulated in e<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>ty are re<span class=\"_ _0\"></span>cla<span class=\"_ _0\"></span>ssif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d in the pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>ds whe<span class=\"_ _0\"></span>n the he<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>d item af<span class=\"_ _0\"></span>fects pr<span class=\"_ _0\"></span>ofi<span class=\"_ _0\"></span>t or loss<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Fair<span class=\"_ _1\"></span> value m<span class=\"_ _1\"></span>easurement<span class=\"_ _3b2\"> </span>Fair valu<span class=\"_ _0\"></span>e is th<span class=\"_ _0\"></span>e pri<span class=\"_ _0\"></span>ce th<span class=\"_ _0\"></span>at would b<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>cei<span class=\"_ _0\"></span>ved to se<span class=\"_ _0\"></span>ll an ass<span class=\"_ _0\"></span>et or p<span class=\"_ _0\"></span>aid to tran<span class=\"_ _0\"></span>sfer a lia<span class=\"_ _0\"></span>bilit<span class=\"_ _0\"></span>y i<span class=\"_ _0\"></span>n an ord<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ly tr<span class=\"_ _0\"></span>ansa<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on be<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n mar<span class=\"_ _0\"></span>ket par<span class=\"_ _3\"></span>ticipa<span class=\"_ _0\"></span>nts at the me<span class=\"_ _0\"></span>asure<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt date.<span class=\"_ _3b2\"> </span>Fair valu<span class=\"_ _0\"></span>e measu<span class=\"_ _0\"></span>rem<span class=\"_ _0\"></span>ents are bas<span class=\"_ _0\"></span>ed on o<span class=\"_ _0\"></span>bser<span class=\"_ _3\"></span>vabl<span class=\"_ _0\"></span>e and uno<span class=\"_ _0\"></span>bse<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vab<span class=\"_ _0\"></span>le inp<span class=\"_ _0\"></span>uts<span class=\"_ _0\"></span>. Obse<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ble in<span class=\"_ _0\"></span>put<span class=\"_ _0\"></span>s refle<span class=\"_ _0\"></span>ct ma<span class=\"_ _0\"></span>rket data o<span class=\"_ _0\"></span>btain<span class=\"_ _0\"></span>ed fro<span class=\"_ _0\"></span>m inde<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span> sou<span class=\"_ _0\"></span>rces<span class=\"_ _0\"></span>, whil<span class=\"_ _0\"></span>e unob<span class=\"_ _0\"></span>ser<span class=\"_ _3\"></span>vable in<span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>ts refl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t the Grou<span class=\"_ _0\"></span>p\u2019s view of market assu<span class=\"_ _0\"></span>mpti<span class=\"_ _0\"></span>ons in the ab<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>ce of obse<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ble mar<span class=\"_ _0\"></span>ket infor<span class=\"_ _0\"></span>matio<span class=\"_ _0\"></span>n. T<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up utili<span class=\"_ _0\"></span>ses tech<span class=\"_ _0\"></span>niqu<span class=\"_ _0\"></span>es that ma<span class=\"_ _0\"></span>xi<span class=\"_ _0\"></span>mise the us<span class=\"_ _0\"></span>e of obser<span class=\"_ _3\"></span>vable in<span class=\"_ _0\"></span>put<span class=\"_ _0\"></span>s and mini<span class=\"_ _0\"></span>mise the us<span class=\"_ _0\"></span>e of unobs<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ble in<span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>ts. Th<span class=\"_ _0\"></span>e best ev<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e of the fair value of a fina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al instr<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ent at ini<span class=\"_ _0\"></span>tial re<span class=\"_ _0\"></span>cog<span class=\"_ _0\"></span>nit<span class=\"_ _0\"></span>ion is no<span class=\"_ _0\"></span>rma<span class=\"_ _0\"></span>lly the tr<span class=\"_ _0\"></span>ansa<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on pri<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>. In cer<span class=\"_ _3\"></span>tain circ<span class=\"_ _0\"></span>ums<span class=\"_ _0\"></span>tan<span class=\"_ _0\"></span>ces<span class=\"_ _0\"></span>, the fair<span class=\"_ _0\"></span> value at ini<span class=\"_ _0\"></span>tial re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnit<span class=\"_ _0\"></span>ion dif<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>rs from th<span class=\"_ _0\"></span>e trans<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>ion pr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e. If the fair valu<span class=\"_ _0\"></span>e is evide<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ed by co<span class=\"_ _0\"></span>mpar<span class=\"_ _0\"></span>iso<span class=\"_ _0\"></span>n by a quoted pric<span class=\"_ _0\"></span>e in an acti<span class=\"_ _0\"></span>ve market for an ide<span class=\"_ _0\"></span>ntic<span class=\"_ _0\"></span>al inst<span class=\"_ _0\"></span>rum<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t, or is base<span class=\"_ _0\"></span>d on a valuati<span class=\"_ _0\"></span>on tec<span class=\"_ _0\"></span>hniq<span class=\"_ _0\"></span>ue that use<span class=\"_ _0\"></span>s only dat<span class=\"_ _0\"></span>a from ob<span class=\"_ _0\"></span>ser<span class=\"_ _3\"></span>vable ma<span class=\"_ _0\"></span>rkets<span class=\"_ _0\"></span>, the dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en the fair valu<span class=\"_ _0\"></span>e at init<span class=\"_ _0\"></span>ial rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>niti<span class=\"_ _0\"></span>on and th<span class=\"_ _0\"></span>e trans<span class=\"_ _0\"></span>acti<span class=\"_ _0\"></span>on pr<span class=\"_ _0\"></span>ice is re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d as a gain or los<span class=\"_ _0\"></span>s in the Co<span class=\"_ _0\"></span>nsol<span class=\"_ _0\"></span>idated In<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me S<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t. In all othe<span class=\"_ _0\"></span>r case<span class=\"_ _0\"></span>s, the di<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>feren<span class=\"_ _0\"></span>ce bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en th<span class=\"_ _0\"></span>e fair valu<span class=\"_ _0\"></span>e at ini<span class=\"_ _0\"></span>tial re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n and t<span class=\"_ _0\"></span>he tra<span class=\"_ _0\"></span>nsa<span class=\"_ _0\"></span>ctio<span class=\"_ _0\"></span>n pr<span class=\"_ _0\"></span>ice is d<span class=\"_ _0\"></span>efer<span class=\"_ _0\"></span>red an<span class=\"_ _0\"></span>d rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e Co<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>lidated I<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ome S<span class=\"_ _3\"></span>tateme<span class=\"_ _0\"></span>nt over t<span class=\"_ _0\"></span>he life of the ins<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nt to the ex<span class=\"_ _3\"></span>tent that i<span class=\"_ _0\"></span>t aris<span class=\"_ _0\"></span>es fro<span class=\"_ _0\"></span>m a cha<span class=\"_ _0\"></span>nge i<span class=\"_ _0\"></span>n a facto<span class=\"_ _0\"></span>r (inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>ing ti<span class=\"_ _0\"></span>me) that mar<span class=\"_ _0\"></span>ket par<span class=\"_ _3\"></span>ticip<span class=\"_ _0\"></span>ants wo<span class=\"_ _0\"></span>uld ta<span class=\"_ _0\"></span>ke into acc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t whe<span class=\"_ _0\"></span>n pri<span class=\"_ _0\"></span>cin<span class=\"_ _0\"></span>g the inst<span class=\"_ _0\"></span>rum<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t.<span class=\"_ _3b2\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-670": {
   "value": "Recognition<span class=\"_ _1\"></span> and<span class=\"_ _1\"></span> derecognition<span class=\"_ _3b2\"> </span>Init<span class=\"_ _0\"></span>ial rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>on of fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al asse<span class=\"_ _0\"></span>ts and liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es is on the trad<span class=\"_ _0\"></span>e date, whic<span class=\"_ _0\"></span>h is the date on whic<span class=\"_ _0\"></span>h the Gro<span class=\"_ _0\"></span>up be<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>mes a par<span class=\"_ _3\"></span>ty to the co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>ctu<span class=\"_ _0\"></span>al provis<span class=\"_ _0\"></span>ions of the ins<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>. A finan<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>l asset or f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al liabil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y is initi<span class=\"_ _0\"></span>ally me<span class=\"_ _0\"></span>asure<span class=\"_ _0\"></span>d at fair value pl<span class=\"_ _0\"></span>us, for a fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial ass<span class=\"_ _0\"></span>et or f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y not<span class=\"_ gsec\"> </span>me<span class=\"_ _0\"></span>asure<span class=\"_ _0\"></span>d at fair value th<span class=\"_ _0\"></span>roug<span class=\"_ _0\"></span>h profi<span class=\"_ _0\"></span>t or los<span class=\"_ _0\"></span>s, tra<span class=\"_ _0\"></span>nsa<span class=\"_ _0\"></span>ctio<span class=\"_ _0\"></span>n cos<span class=\"_ _0\"></span>ts that are dire<span class=\"_ _0\"></span>ctl<span class=\"_ _0\"></span>y at<span class=\"_ _0\"></span>trib<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>able to its acq<span class=\"_ _0\"></span>uisi<span class=\"_ _0\"></span>tion o<span class=\"_ _0\"></span>r issue<span class=\"_ _0\"></span>. Whe<span class=\"_ _0\"></span>n the fair valu<span class=\"_ _0\"></span>e of<span class=\"_ gsec\"> </span>fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial asse<span class=\"_ _0\"></span>ts and liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>ies dif<span class=\"_ _0\"></span>fer<span class=\"_ _0\"></span>s from the tr<span class=\"_ _0\"></span>ansa<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on pr<span class=\"_ _0\"></span>ice on in<span class=\"_ _0\"></span>itia<span class=\"_ _0\"></span>l reco<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n, th<span class=\"_ _0\"></span>e Group re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>es the dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e as follows:<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">whe<span class=\"_ _0\"></span>n the fair valu<span class=\"_ _0\"></span>e is evide<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>d by a quoted pri<span class=\"_ _0\"></span>ce in an act<span class=\"_ _0\"></span>ive mar<span class=\"_ _0\"></span>ket for an identi<span class=\"_ _0\"></span>cal as<span class=\"_ _0\"></span>set or lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ty (i<span class=\"_ _0\"></span>.e. a Level 1 inpu<span class=\"_ _0\"></span>t) or base<span class=\"_ _0\"></span>d </span>on<span class=\"_ gsec\"> </span>a<span class=\"_ gsec\"> </span>valu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n techn<span class=\"_ _0\"></span>iqu<span class=\"_ _0\"></span>e that uses on<span class=\"_ _0\"></span>ly data fro<span class=\"_ _0\"></span>m obse<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ble mar<span class=\"_ _0\"></span>kets<span class=\"_ _0\"></span>, the dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e is reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed as a gain or los<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">in all other c<span class=\"_ _0\"></span>ases<span class=\"_ _0\"></span>, the dif<span class=\"_ _0\"></span>fer<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>e is deferre<span class=\"_ _0\"></span>d and th<span class=\"_ _0\"></span>e timing of rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>niti<span class=\"_ _0\"></span>on of defer<span class=\"_ _0\"></span>red day one p<span class=\"_ _0\"></span>rofi<span class=\"_ _0\"></span>t or loss is de<span class=\"_ _0\"></span>termi<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>d indi<span class=\"_ _0\"></span>vidu<span class=\"_ _0\"></span>ally. It is eithe<span class=\"_ _0\"></span>r </span>amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>ed over the life of the ins<span class=\"_ _0\"></span>tru<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt, defe<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d until the in<span class=\"_ _0\"></span>str<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>\u2019s fair value ca<span class=\"_ _0\"></span>n be deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ed usi<span class=\"_ _0\"></span>ng mar<span class=\"_ _0\"></span>ket obse<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vab<span class=\"_ _0\"></span>le inp<span class=\"_ _0\"></span>uts o<span class=\"_ _0\"></span>r realise<span class=\"_ _0\"></span>d through <span class=\"_ _1\"></span>settlement.<span class=\"_ _3b2\"> </span>Fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial asse<span class=\"_ _0\"></span>ts are dere<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>sed on<span class=\"_ _0\"></span>ly whe<span class=\"_ _0\"></span>n the co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>ctu<span class=\"_ _0\"></span>al righ<span class=\"_ _0\"></span>ts to the cash fl<span class=\"_ _0\"></span>ows from the as<span class=\"_ _0\"></span>set exp<span class=\"_ _0\"></span>ire, or wh<span class=\"_ _0\"></span>en the G<span class=\"_ _0\"></span>roup tr<span class=\"_ _0\"></span>ansfer<span class=\"_ _0\"></span>s subs<span class=\"_ _0\"></span>tanti<span class=\"_ _0\"></span>ally all th<span class=\"_ _0\"></span>e risks and rewa<span class=\"_ _0\"></span>rds of owner<span class=\"_ _0\"></span>ship to anoth<span class=\"_ _0\"></span>er enti<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y. <span class=\"_ _1\"></span>Th<span class=\"_ _0\"></span>is is the case for ca<span class=\"_ _0\"></span>sh col<span class=\"_ _0\"></span>lateral pl<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>ged<span class=\"_ _0\"></span>, whe<span class=\"_ _0\"></span>re the co<span class=\"_ _0\"></span>unter<span class=\"_ _0\"></span>par<span class=\"_ _3\"></span>ty has<span class=\"_ _0\"></span> con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>tua<span class=\"_ _0\"></span>l rights to rec<span class=\"_ _0\"></span>eive th<span class=\"_ _0\"></span>e cash f<span class=\"_ _0\"></span>lows gen<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ated, an<span class=\"_ _0\"></span>d which is de<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d from th<span class=\"_ _0\"></span>e Con<span class=\"_ _0\"></span>soli<span class=\"_ _0\"></span>dated Bal<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e Sh<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t and a cor<span class=\"_ _0\"></span>resp<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ding<span class=\"_ _0\"></span> rec<span class=\"_ _0\"></span>eiva<span class=\"_ _0\"></span>ble re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed for its retu<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Group e<span class=\"_ _0\"></span>nters into tran<span class=\"_ _0\"></span>sac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns whe<span class=\"_ _0\"></span>reby it tra<span class=\"_ _0\"></span>nsfers as<span class=\"_ _0\"></span>sets re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed in its C<span class=\"_ _0\"></span>onso<span class=\"_ _0\"></span>lid<span class=\"_ _0\"></span>ated Bala<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e She<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>, but ret<span class=\"_ _0\"></span>ains ei<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r all or subs<span class=\"_ _0\"></span>tant<span class=\"_ _0\"></span>ially<span class=\"_ _0\"></span> all of the risks an<span class=\"_ _0\"></span>d rewards of the trans<span class=\"_ _0\"></span>ferre<span class=\"_ _0\"></span>d asse<span class=\"_ _0\"></span>ts. In the<span class=\"_ _0\"></span>se case<span class=\"_ _0\"></span>s, th<span class=\"_ _0\"></span>e transfe<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d asset<span class=\"_ _0\"></span>s are not dere<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>. E<span class=\"_ _0\"></span>xampl<span class=\"_ _0\"></span>es of suc<span class=\"_ _0\"></span>h trans<span class=\"_ _0\"></span>acti<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span> are repu<span class=\"_ _0\"></span>rch<span class=\"_ _0\"></span>ase agre<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s and non<span class=\"_ _0\"></span>-<span class=\"_ _3\"></span>cas<span class=\"_ _0\"></span>h colla<span class=\"_ _0\"></span>teral ple<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>, unle<span class=\"_ _0\"></span>ss the Gro<span class=\"_ _0\"></span>up defau<span class=\"_ _0\"></span>lts on it<span class=\"_ _0\"></span>s oblig<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns und<span class=\"_ _0\"></span>er the rel<span class=\"_ _0\"></span>evant ag<span class=\"_ _0\"></span>ree<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt.<span class=\"_ _0\"></span> In tra<span class=\"_ _0\"></span>nsac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns in whi<span class=\"_ _0\"></span>ch th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up ne<span class=\"_ _0\"></span>ith<span class=\"_ _0\"></span>er re<span class=\"_ _0\"></span>tains n<span class=\"_ _0\"></span>or tr<span class=\"_ _0\"></span>ansfe<span class=\"_ _0\"></span>rs su<span class=\"_ _0\"></span>bsta<span class=\"_ _0\"></span>ntiall<span class=\"_ _0\"></span>y all of the r<span class=\"_ _0\"></span>isks a<span class=\"_ _0\"></span>nd reward<span class=\"_ _0\"></span>s of owne<span class=\"_ _0\"></span>rshi<span class=\"_ _0\"></span>p of a fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>ial as<span class=\"_ _0\"></span>set an<span class=\"_ _0\"></span>d it<span class=\"_ _0\"></span> retai<span class=\"_ _0\"></span>ns con<span class=\"_ _0\"></span>trol over th<span class=\"_ _0\"></span>e asset<span class=\"_ _0\"></span>, the Gro<span class=\"_ _0\"></span>up co<span class=\"_ _0\"></span>ntinu<span class=\"_ _0\"></span>es to reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>e the asse<span class=\"_ _0\"></span>t to the exten<span class=\"_ _0\"></span>t of its conti<span class=\"_ _0\"></span>nuin<span class=\"_ _0\"></span>g involve<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt, de<span class=\"_ _0\"></span>term<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d by the ex<span class=\"_ _0\"></span>tent to<span class=\"_ gsec\"> </span>which i<span class=\"_ _0\"></span>t is expos<span class=\"_ _0\"></span>ed to chang<span class=\"_ _0\"></span>es in the valu<span class=\"_ _0\"></span>e of the transfe<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d asset<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Group d<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>s a fina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al liabil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y whe<span class=\"_ _0\"></span>n its co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>ctu<span class=\"_ _0\"></span>al oblig<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns expi<span class=\"_ _0\"></span>re or are disch<span class=\"_ _0\"></span>arge<span class=\"_ _0\"></span>d or ca<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>lle<span class=\"_ _0\"></span>d. T<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up also de<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nises<span class=\"_ _0\"></span> a<span class=\"_ gsec\"> </span>fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>ial liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y wh<span class=\"_ _0\"></span>en its ter<span class=\"_ _0\"></span>ms are mo<span class=\"_ _0\"></span>dif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d and the cas<span class=\"_ _0\"></span>h flows of the mo<span class=\"_ _0\"></span>dif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d liabil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y are subs<span class=\"_ _0\"></span>tan<span class=\"_ _0\"></span>tially di<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ferent<span class=\"_ _0\"></span>, in whic<span class=\"_ _0\"></span>h case a new f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l liabi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y base<span class=\"_ _0\"></span>d on the mo<span class=\"_ _0\"></span>dif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d term<span class=\"_ _0\"></span>s is reco<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d at fair value<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>On de<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>niti<span class=\"_ _0\"></span>on of a fina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al asset or f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al liabil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y, the diffe<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>ce be<span class=\"_ _0\"></span>twe<span class=\"_ _0\"></span>en th<span class=\"_ _0\"></span>e car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>yi<span class=\"_ _0\"></span>ng amo<span class=\"_ _0\"></span>unt at the date of dere<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>tion an<span class=\"_ _0\"></span>d the con<span class=\"_ _0\"></span>side<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>on rec<span class=\"_ _0\"></span>ei<span class=\"_ _0\"></span>ved (in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>ding any ne<span class=\"_ _0\"></span>w asset ob<span class=\"_ _0\"></span>tain<span class=\"_ _0\"></span>ed les<span class=\"_ _0\"></span>s any new liabil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y assu<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>d) is rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in profi<span class=\"_ _0\"></span>t or los<span class=\"_ _0\"></span>s.<span class=\"_ _3b2\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerecognitionOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-671": {
   "value": "Cl<span class=\"_ _0\"></span>ass<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n an<span class=\"_ _0\"></span>d me<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt of f<span class=\"_ _0\"></span>i<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>se<span class=\"_ _0\"></span>ts<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Group cl<span class=\"_ _0\"></span>assi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>es its f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial as<span class=\"_ _0\"></span>sets on in<span class=\"_ _0\"></span>itial re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n as measu<span class=\"_ _0\"></span>red at amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>ed co<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>, fair value thro<span class=\"_ _0\"></span>ug<span class=\"_ _0\"></span>h other co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>reh<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>ve inc<span class=\"_ _0\"></span>ome<span class=\"_ _0\"></span> (F<span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>OC<span class=\"_ _0\"></span>I) and fair valu<span class=\"_ _0\"></span>e throu<span class=\"_ _0\"></span>gh prof<span class=\"_ _0\"></span>it or lo<span class=\"_ _0\"></span>ss (F<span class=\"_ _3\"></span>V<span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>PL).<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e clas<span class=\"_ _0\"></span>sif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ation a<span class=\"_ _0\"></span>nd m<span class=\"_ _0\"></span>easu<span class=\"_ _0\"></span>reme<span class=\"_ _0\"></span>nt of f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l asse<span class=\"_ _0\"></span>ts de<span class=\"_ _0\"></span>pen<span class=\"_ _0\"></span>ds o<span class=\"_ _0\"></span>n thei<span class=\"_ _0\"></span>r co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>ctu<span class=\"_ _0\"></span>al cas<span class=\"_ _0\"></span>h fl<span class=\"_ _0\"></span>ow cha<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>teris<span class=\"_ _0\"></span>tic<span class=\"_ _0\"></span>s and h<span class=\"_ _0\"></span>ow they a<span class=\"_ _0\"></span>re mana<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>d (the enti<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>\u2019s busine<span class=\"_ _0\"></span>ss mo<span class=\"_ _0\"></span>del<span class=\"_ _0\"></span>). The c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tual cas<span class=\"_ _0\"></span>h fl<span class=\"_ _0\"></span>ow chara<span class=\"_ _0\"></span>cter<span class=\"_ _0\"></span>isti<span class=\"_ _0\"></span>cs test aims to ide<span class=\"_ _0\"></span>ntif<span class=\"_ _0\"></span>y tho<span class=\"_ _0\"></span>se asse<span class=\"_ _0\"></span>ts with c<span class=\"_ _0\"></span>ash fl<span class=\"_ _0\"></span>ows cons<span class=\"_ _0\"></span>istent wi<span class=\"_ _0\"></span>th a basic len<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>g arra<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt, i<span class=\"_ _0\"></span>.e. whic<span class=\"_ _0\"></span>h are \u2018sole<span class=\"_ _0\"></span>ly paym<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts of princ<span class=\"_ _0\"></span>ipal an<span class=\"_ _0\"></span>d interes<span class=\"_ _0\"></span>t\u2019 (SP<span class=\"_ _0\"></span>PI). Th<span class=\"_ _0\"></span>e busin<span class=\"_ _0\"></span>ess m<span class=\"_ _0\"></span>ode<span class=\"_ _0\"></span>l test refers to how an entit<span class=\"_ _0\"></span>y ma<span class=\"_ _0\"></span>nage<span class=\"_ _0\"></span>s its fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>ial ass<span class=\"_ _0\"></span>ets with th<span class=\"_ _0\"></span>e obje<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ves of gene<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>ng cas<span class=\"_ _0\"></span>h flows<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>ese facto<span class=\"_ _0\"></span>rs deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>e whet<span class=\"_ _0\"></span>her th<span class=\"_ _0\"></span>e fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>ial asse<span class=\"_ _0\"></span>ts are meas<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>d at amor<span class=\"_ _3\"></span>tised<span class=\"_ _0\"></span> cos<span class=\"_ _0\"></span>t, F<span class=\"_ _3\"></span>VOCI o<span class=\"_ _0\"></span>r F<span class=\"_ _0\"></span>V<span class=\"_ _3\"></span>TP<span class=\"_ _0\"></span>L<span class=\"_ _0\"></span>. Ass<span class=\"_ _0\"></span>ets are the<span class=\"_ _0\"></span>refore t<span class=\"_ _0\"></span>ypi<span class=\"_ _0\"></span>cal<span class=\"_ _0\"></span>ly cha<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>terise<span class=\"_ _0\"></span>d as follows:<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>ed co<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>: fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial asse<span class=\"_ _0\"></span>ts with co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>actu<span class=\"_ _0\"></span>al term<span class=\"_ _0\"></span>s that give rise so<span class=\"_ _0\"></span>lel<span class=\"_ _0\"></span>y to interest and p<span class=\"_ _0\"></span>rin<span class=\"_ _0\"></span>cipa<span class=\"_ _0\"></span>l cash f<span class=\"_ _0\"></span>lows, an<span class=\"_ _0\"></span>d whic<span class=\"_ _0\"></span>h are held in a </span>busi<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>s mod<span class=\"_ _0\"></span>el whos<span class=\"_ _0\"></span>e obje<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ve is to <span class=\"_ _1\"></span>hol<span class=\"_ _0\"></span>d the asse<span class=\"_ _0\"></span>ts to colle<span class=\"_ _0\"></span>ct th<span class=\"_ _0\"></span>eir ca<span class=\"_ _0\"></span>sh fl<span class=\"_ _0\"></span>ows. Th<span class=\"_ _0\"></span>ey are meas<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>d at amor<span class=\"_ _3\"></span>tised c<span class=\"_ _0\"></span>ost usi<span class=\"_ _0\"></span>ng the ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>tive interes<span class=\"_ _0\"></span>t meth<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>. Interes<span class=\"_ _0\"></span>t inc<span class=\"_ _0\"></span>ome<span class=\"_ _0\"></span>, foreig<span class=\"_ _0\"></span>n exchan<span class=\"_ _0\"></span>ge gain<span class=\"_ _0\"></span>s and los<span class=\"_ _0\"></span>ses and im<span class=\"_ _0\"></span>pair<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt are rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in profi<span class=\"_ _0\"></span>t or los<span class=\"_ _0\"></span>s. A<span class=\"_ _0\"></span>ny gain or los<span class=\"_ _0\"></span>s on dere<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ogni<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n is also re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ised i<span class=\"_ _0\"></span>n prof<span class=\"_ _0\"></span>it o<span class=\"_ _0\"></span>r los<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">F<span class=\"_ _0\"></span>VO<span class=\"_ _0\"></span>CI: f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al asset<span class=\"_ _0\"></span>s with co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>ctu<span class=\"_ _0\"></span>al terms tha<span class=\"_ _0\"></span>t give rise so<span class=\"_ _0\"></span>lel<span class=\"_ _0\"></span>y to interest and pr<span class=\"_ _0\"></span>inc<span class=\"_ _0\"></span>ipal c<span class=\"_ _0\"></span>ash fl<span class=\"_ _0\"></span>ows, an<span class=\"_ _0\"></span>d which are he<span class=\"_ _0\"></span>ld in a busi<span class=\"_ _0\"></span>ness m<span class=\"_ _0\"></span>ode<span class=\"_ _0\"></span>l </span>whos<span class=\"_ _0\"></span>e obje<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ve is achie<span class=\"_ _0\"></span>ved by hold<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e assets to coll<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t thei<span class=\"_ _0\"></span>r cash f<span class=\"_ _0\"></span>lows and se<span class=\"_ _0\"></span>lling th<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>. Interes<span class=\"_ _0\"></span>t inc<span class=\"_ _0\"></span>ome c<span class=\"_ _0\"></span>alc<span class=\"_ _0\"></span>ulated usi<span class=\"_ _0\"></span>ng the ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>tive interes<span class=\"_ _0\"></span>t meth<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>, foreig<span class=\"_ _0\"></span>n exchan<span class=\"_ _0\"></span>ge gain<span class=\"_ _0\"></span>s and los<span class=\"_ _0\"></span>ses and im<span class=\"_ _0\"></span>pair<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt are rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in profi<span class=\"_ _0\"></span>t or los<span class=\"_ _0\"></span>s. O<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r net gai<span class=\"_ _0\"></span>ns and los<span class=\"_ _0\"></span>ses are re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d in othe<span class=\"_ _0\"></span>r com<span class=\"_ _0\"></span>preh<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>ive inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e. On de<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>cog<span class=\"_ _0\"></span>nit<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>, gains an<span class=\"_ _0\"></span>d loss<span class=\"_ _0\"></span>es acc<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ulated in OC<span class=\"_ _0\"></span>I are recl<span class=\"_ _0\"></span>assif<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ed to profi<span class=\"_ _0\"></span>t or loss<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">F<span class=\"_ _0\"></span>V<span class=\"_ _3\"></span>TP<span class=\"_ _0\"></span>L<span class=\"_ _0\"></span>: all othe<span class=\"_ _0\"></span>r fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial asse<span class=\"_ _0\"></span>ts. Ne<span class=\"_ _0\"></span>t gains an<span class=\"_ _0\"></span>d loss<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, inclu<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>g any interest o<span class=\"_ _0\"></span>r divid<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>d inco<span class=\"_ _0\"></span>me an<span class=\"_ _0\"></span>d foreign exc<span class=\"_ _0\"></span>hang<span class=\"_ _0\"></span>e gains an<span class=\"_ _0\"></span>d loss<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, </span>are<span class=\"_ gsec\"> </span>rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in prof<span class=\"_ _0\"></span>it or los<span class=\"_ _0\"></span>s, un<span class=\"_ _0\"></span>les<span class=\"_ _0\"></span>s they aris<span class=\"_ _0\"></span>e from de<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>vatives d<span class=\"_ _0\"></span>esign<span class=\"_ _0\"></span>ated as hed<span class=\"_ _0\"></span>gin<span class=\"_ _0\"></span>g instr<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ents in c<span class=\"_ _0\"></span>ash fl<span class=\"_ _0\"></span>ow or net inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt he<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>s.<span class=\"_ _3b2\"> </span>Not<span class=\"_ _0\"></span>wit<span class=\"_ _0\"></span>hsta<span class=\"_ _0\"></span>ndin<span class=\"_ _0\"></span>g the above<span class=\"_ _0\"></span>, on ini<span class=\"_ _0\"></span>tial rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>niti<span class=\"_ _0\"></span>on the G<span class=\"_ _0\"></span>roup may ir<span class=\"_ _0\"></span>revoc<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>y desi<span class=\"_ _0\"></span>gnate to F<span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>P<span class=\"_ _0\"></span>L a fina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l asset tha<span class=\"_ _0\"></span>t would othe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>wise b<span class=\"_ _0\"></span>e meas<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>d at amor<span class=\"_ _3\"></span>tised co<span class=\"_ _0\"></span>st or F<span class=\"_ _3\"></span>VOCI if do<span class=\"_ _0\"></span>ing so eli<span class=\"_ _0\"></span>mina<span class=\"_ _0\"></span>tes or greatly re<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>es an ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>untin<span class=\"_ _0\"></span>g misma<span class=\"_ _0\"></span>tch.<span class=\"_ _3b2\"> </span>In mak<span class=\"_ _0\"></span>ing the S<span class=\"_ _0\"></span>PP<span class=\"_ _0\"></span>I asses<span class=\"_ _0\"></span>sme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>, the Grou<span class=\"_ _0\"></span>p con<span class=\"_ _0\"></span>side<span class=\"_ _0\"></span>rs wh<span class=\"_ _0\"></span>ethe<span class=\"_ _0\"></span>r the co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>actu<span class=\"_ _0\"></span>al cash f<span class=\"_ _0\"></span>lows are co<span class=\"_ _0\"></span>nsis<span class=\"_ _0\"></span>tent with a basi<span class=\"_ _0\"></span>c lend<span class=\"_ _0\"></span>ing ar<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t (that is, interes<span class=\"_ _0\"></span>t incl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>s onl<span class=\"_ _0\"></span>y cons<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>ratio<span class=\"_ _0\"></span>n for the time val<span class=\"_ _0\"></span>ue of mon<span class=\"_ _0\"></span>ey, credit ris<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>, othe<span class=\"_ _0\"></span>r basic le<span class=\"_ _0\"></span>ndin<span class=\"_ _0\"></span>g risks an<span class=\"_ _0\"></span>d a profi<span class=\"_ _0\"></span>t margin th<span class=\"_ _0\"></span>at is consis<span class=\"_ _0\"></span>tent wit<span class=\"_ _0\"></span>h a basic le<span class=\"_ _0\"></span>ndin<span class=\"_ _0\"></span>g arran<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt). This inclu<span class=\"_ _0\"></span>des evalu<span class=\"_ _0\"></span>ating whe<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r the fina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al asset con<span class=\"_ _0\"></span>tains a cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>tual term that cou<span class=\"_ _0\"></span>ld chan<span class=\"_ _0\"></span>ge the timin<span class=\"_ _0\"></span>g or amount<span class=\"_ _0\"></span> of contr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>ual cas<span class=\"_ _0\"></span>h flows su<span class=\"_ _0\"></span>ch that i<span class=\"_ _0\"></span>t would not me<span class=\"_ _0\"></span>et this c<span class=\"_ _0\"></span>ond<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>n. E<span class=\"_ _0\"></span>xa<span class=\"_ _0\"></span>mpl<span class=\"_ _0\"></span>es of such c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>ual term<span class=\"_ _0\"></span>s to be consid<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>d are con<span class=\"_ _0\"></span>ting<span class=\"_ _0\"></span>ent eve<span class=\"_ _0\"></span>nts that woul<span class=\"_ _0\"></span>d chan<span class=\"_ _0\"></span>ge the am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t or timin<span class=\"_ _0\"></span>g of cash fl<span class=\"_ _0\"></span>ows, leve<span class=\"_ _0\"></span>rag<span class=\"_ _0\"></span>e features<span class=\"_ _0\"></span>, prep<span class=\"_ _0\"></span>aym<span class=\"_ _0\"></span>ent and ex<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>nsio<span class=\"_ _0\"></span>n features<span class=\"_ _0\"></span>, non<span class=\"_ _3\"></span>-re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>se asse<span class=\"_ _0\"></span>t arra<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts and feature<span class=\"_ _0\"></span>s that mo<span class=\"_ _0\"></span>dif<span class=\"_ _0\"></span>y co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>tion for th<span class=\"_ _0\"></span>e time valu<span class=\"_ _0\"></span>e of money (e.g. pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>dic res<span class=\"_ _0\"></span>et of interest rates). Th<span class=\"_ _0\"></span>e busin<span class=\"_ _0\"></span>ess mo<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>l refle<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ts how the Gro<span class=\"_ _0\"></span>up mana<span class=\"_ _0\"></span>ges ass<span class=\"_ _0\"></span>ets in ord<span class=\"_ _0\"></span>er to gene<span class=\"_ _0\"></span>rate cash f<span class=\"_ _0\"></span>lows<span class=\"_ _0\"></span>, i.e. it ref<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>cts wh<span class=\"_ _0\"></span>ethe<span class=\"_ _0\"></span>r the Gro<span class=\"_ _0\"></span>up\u2019s obje<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ve is solel<span class=\"_ _0\"></span>y to colle<span class=\"_ _0\"></span>ct th<span class=\"_ _0\"></span>e cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>tual ca<span class=\"_ _0\"></span>sh fl<span class=\"_ _0\"></span>ows from asse<span class=\"_ _0\"></span>ts or to colle<span class=\"_ _0\"></span>ct b<span class=\"_ _0\"></span>oth the co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>ctu<span class=\"_ _0\"></span>al cash f<span class=\"_ _0\"></span>lows and c<span class=\"_ _0\"></span>ash fl<span class=\"_ _0\"></span>ows arisi<span class=\"_ _0\"></span>ng from th<span class=\"_ _0\"></span>e sale of asset<span class=\"_ _0\"></span>s. If nei<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r of these is app<span class=\"_ _0\"></span>lic<span class=\"_ _0\"></span>able (for examp<span class=\"_ _0\"></span>le, f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al assets are h<span class=\"_ _0\"></span>eld for tra<span class=\"_ _0\"></span>ding pu<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>s), the busine<span class=\"_ _0\"></span>ss mo<span class=\"_ _0\"></span>del is \u2018othe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>\u2019 and the f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al asset is<span class=\"_ _0\"></span> meas<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>d at F<span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>P<span class=\"_ _0\"></span>L<span class=\"_ _0\"></span>. Factor<span class=\"_ _0\"></span>s cons<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>red by the Gro<span class=\"_ _0\"></span>up in deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e busin<span class=\"_ _0\"></span>ess mo<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>l for a group of assets in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>de pas<span class=\"_ _0\"></span>t expe<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e on how the cas<span class=\"_ _0\"></span>h fl<span class=\"_ _0\"></span>ows for these ass<span class=\"_ _0\"></span>ets were co<span class=\"_ _0\"></span>lle<span class=\"_ _0\"></span>cted<span class=\"_ _0\"></span>, how the ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>\u2019s per<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>man<span class=\"_ _0\"></span>ce is evalu<span class=\"_ _0\"></span>ated and rep<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>ted to k<span class=\"_ _1\"></span>ey manag<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent p<span class=\"_ _0\"></span>ers<span class=\"_ _0\"></span>onn<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>, how risks<span class=\"_ _0\"></span> are asse<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>d and mana<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>d, and how ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>ers are c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>sated<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e obje<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ve of the Group\u2019s busin<span class=\"_ _0\"></span>ess m<span class=\"_ _0\"></span>ode<span class=\"_ _0\"></span>l for cer<span class=\"_ _3\"></span>tain de<span class=\"_ _0\"></span>bt instr<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s, in par<span class=\"_ _3\"></span>ticu<span class=\"_ _0\"></span>lar tho<span class=\"_ _0\"></span>se inst<span class=\"_ _0\"></span>rum<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts back<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g annui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y or invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>t liabi<span class=\"_ _0\"></span>litie<span class=\"_ _0\"></span>s, in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>g surp<span class=\"_ _0\"></span>lus asse<span class=\"_ _0\"></span>ts, is to fund it<span class=\"_ _0\"></span>s liabili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s. Co<span class=\"_ _0\"></span>nsis<span class=\"_ _0\"></span>tent with th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p\u2019s investme<span class=\"_ _0\"></span>nt stra<span class=\"_ _0\"></span>tegy the<span class=\"_ _0\"></span>ir pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>man<span class=\"_ _0\"></span>ce is evalua<span class=\"_ _0\"></span>ted on a total retur<span class=\"_ _0\"></span>n basis, as sig<span class=\"_ _0\"></span>nif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant bu<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g and sell<span class=\"_ _0\"></span>ing ac<span class=\"_ _0\"></span>tivi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y is unde<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ken on a regul<span class=\"_ _0\"></span>ar basis to rebala<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e its por<span class=\"_ _3\"></span>tfol<span class=\"_ _0\"></span>io and to ensure th<span class=\"_ _0\"></span>at con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>tual<span class=\"_ _0\"></span> cash f<span class=\"_ _0\"></span>lows fro<span class=\"_ _0\"></span>m thos<span class=\"_ _0\"></span>e assets are su<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>cie<span class=\"_ _0\"></span>nt to sett<span class=\"_ _0\"></span>le the un<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>ly<span class=\"_ _0\"></span>ing lia<span class=\"_ _0\"></span>bilit<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>. The<span class=\"_ _0\"></span>se invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts do not follow a \u2018<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>ld to colle<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>\u2019 or \u2018<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>eld to coll<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t and sel<span class=\"_ _0\"></span>l\u2019 bus<span class=\"_ _0\"></span>ines<span class=\"_ _0\"></span>s mod<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>, and are the<span class=\"_ _0\"></span>refore acc<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nted for at F<span class=\"_ _0\"></span>V<span class=\"_ _3\"></span>TP<span class=\"_ _0\"></span>L<span class=\"_ _0\"></span>. This bu<span class=\"_ _0\"></span>sine<span class=\"_ _0\"></span>ss mo<span class=\"_ _0\"></span>del is also ap<span class=\"_ _0\"></span>plic<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le to reverse rep<span class=\"_ _0\"></span>urc<span class=\"_ _0\"></span>hase ag<span class=\"_ _0\"></span>ree<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts and to deri<span class=\"_ _0\"></span>vative<span class=\"_ _0\"></span>s. Equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y inst<span class=\"_ _0\"></span>rum<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s are acc<span class=\"_ _0\"></span>ounte<span class=\"_ _0\"></span>d for at F<span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>P<span class=\"_ _0\"></span>L<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tai<span class=\"_ _0\"></span>n debt se<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>rit<span class=\"_ _0\"></span>ies are he<span class=\"_ _0\"></span>ld in sep<span class=\"_ _0\"></span>arate por<span class=\"_ _3\"></span>tfol<span class=\"_ _0\"></span>ios for lon<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>term yi<span class=\"_ _0\"></span>eld<span class=\"_ _0\"></span>. The<span class=\"_ _0\"></span>se inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>e lon<span class=\"_ _0\"></span>g dated debt in<span class=\"_ _0\"></span>str<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nts bac<span class=\"_ _0\"></span>ki<span class=\"_ _0\"></span>ng ann<span class=\"_ _0\"></span>uiti<span class=\"_ _0\"></span>es liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, but in su<span class=\"_ _0\"></span>rpl<span class=\"_ _0\"></span>us to the IFR<span class=\"_ _0\"></span>S 1<span class=\"_ _1\"></span>7 best est<span class=\"_ _0\"></span>imate liabi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y and ri<span class=\"_ _0\"></span>sk adjus<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>, used to manag<span class=\"_ _0\"></span>e interes<span class=\"_ _0\"></span>t and inf<span class=\"_ _0\"></span>latio<span class=\"_ _0\"></span>n rate expos<span class=\"_ _0\"></span>ure, as well as asse<span class=\"_ _0\"></span>ts bac<span class=\"_ _0\"></span>kin<span class=\"_ _0\"></span>g protec<span class=\"_ _0\"></span>tion lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>. The<span class=\"_ _0\"></span>se asse<span class=\"_ _0\"></span>ts repre<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>t instr<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ents c<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>istent wi<span class=\"_ _0\"></span>th the S<span class=\"_ _0\"></span>PPI pr<span class=\"_ _0\"></span>inc<span class=\"_ _0\"></span>ipl<span class=\"_ _0\"></span>es, an<span class=\"_ _0\"></span>d are acc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ted for at amor<span class=\"_ _3\"></span>tised c<span class=\"_ _0\"></span>ost<span class=\"_ _0\"></span> or<span class=\"_ gsec\"> </span>F<span class=\"_ _3\"></span>VOCI d<span class=\"_ _0\"></span>epe<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>ng on th<span class=\"_ _0\"></span>e expe<span class=\"_ _0\"></span>cted le<span class=\"_ _0\"></span>vel of tradin<span class=\"_ _0\"></span>g. Rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>able<span class=\"_ _0\"></span>s are acc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ted for at amor<span class=\"_ _3\"></span>tised c<span class=\"_ _0\"></span>ost<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-672": {
   "value": "Classifica<span class=\"_ _0\"></span>tion and measuremen<span class=\"_ _0\"></span>t of<span class=\"_ _1\"></span> finan<span class=\"_ _0\"></span>cial liabilities<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Group cl<span class=\"_ _0\"></span>assi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>es and sub<span class=\"_ _0\"></span>seq<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span>ntly me<span class=\"_ _0\"></span>asure<span class=\"_ _0\"></span>s fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es at amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tise<span class=\"_ _0\"></span>d cos<span class=\"_ _0\"></span>t or F<span class=\"_ _0\"></span>V<span class=\"_ _3\"></span>T<span class=\"_ _0\"></span>PL<span class=\"_ _0\"></span>. Investment contr<span class=\"_ _0\"></span>act liabilities<span class=\"_ _3b2\"> </span>Invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t liabili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s are measu<span class=\"_ _0\"></span>red at F<span class=\"_ _0\"></span>V<span class=\"_ _3\"></span>T<span class=\"_ _0\"></span>PL<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>is is bec<span class=\"_ _0\"></span>ause th<span class=\"_ _0\"></span>ese lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>, as well as the related as<span class=\"_ _0\"></span>sets<span class=\"_ _0\"></span>, are mana<span class=\"_ _0\"></span>ged an<span class=\"_ _0\"></span>d thei<span class=\"_ _0\"></span>r per<span class=\"_ _3\"></span>forma<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e evaluated o<span class=\"_ _0\"></span>n a fair value basis<span class=\"_ _0\"></span>. For uni<span class=\"_ _0\"></span>t linked lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>, fair valu<span class=\"_ _0\"></span>e is determ<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d by referenc<span class=\"_ _0\"></span>e to the value of the und<span class=\"_ _0\"></span>erl<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g net ass<span class=\"_ _0\"></span>et value<span class=\"_ _0\"></span>s of the Group\u2019s uni<span class=\"_ _0\"></span>tise<span class=\"_ _0\"></span>d investm<span class=\"_ _0\"></span>ent fu<span class=\"_ _0\"></span>nds at the bal<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e she<span class=\"_ _0\"></span>et date. Core and<span class=\"_ _1\"></span> operational<span class=\"_ _1\"></span> borrowing<span class=\"_ _1\"></span>s<span class=\"_ _3b2\"> </span>Bo<span class=\"_ _0\"></span>rrowi<span class=\"_ _0\"></span>ngs are rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d initi<span class=\"_ _0\"></span>ally at fair valu<span class=\"_ _0\"></span>e, ne<span class=\"_ _0\"></span>t of transac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n cos<span class=\"_ _0\"></span>ts. Bo<span class=\"_ _0\"></span>rrow<span class=\"_ _0\"></span>ings are su<span class=\"_ _0\"></span>bse<span class=\"_ _0\"></span>que<span class=\"_ _0\"></span>ntly s<span class=\"_ _0\"></span>tated at amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tise<span class=\"_ _0\"></span>d cos<span class=\"_ _0\"></span>t. T<span class=\"_ _0\"></span>he dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en th<span class=\"_ _0\"></span>e net p<span class=\"_ _0\"></span>roc<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>ds an<span class=\"_ _0\"></span>d the re<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>mpti<span class=\"_ _0\"></span>on val<span class=\"_ _0\"></span>ue 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 st<span class=\"_ _0\"></span>ateme<span class=\"_ _0\"></span>nt over th<span class=\"_ _0\"></span>e bo<span class=\"_ _0\"></span>rrowi<span class=\"_ _0\"></span>ng p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>od us<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e ef<span class=\"_ _0\"></span>fect<span class=\"_ _0\"></span>ive intere<span class=\"_ _0\"></span>st rate meth<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Othe<span class=\"_ _0\"></span>r financial liabilities<span class=\"_ _3b2\"> </span>Ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al liabi<span class=\"_ _0\"></span>litie<span class=\"_ _0\"></span>s incl<span class=\"_ _0\"></span>ude d<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>vative lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>, repu<span class=\"_ _0\"></span>rch<span class=\"_ _0\"></span>ase agre<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s and trail c<span class=\"_ _0\"></span>omm<span class=\"_ _0\"></span>issio<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>, which are m<span class=\"_ _0\"></span>easu<span class=\"_ _0\"></span>red at F<span class=\"_ _0\"></span>V<span class=\"_ _3\"></span>TP<span class=\"_ _0\"></span>L<span class=\"_ _0\"></span>, while oth<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span> payabl<span class=\"_ _0\"></span>e balan<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>s are measu<span class=\"_ _0\"></span>red at amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>ed co<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-674": {
   "value": "Derivativ<span class=\"_ _1\"></span>es<span class=\"_ _3b2\"> </span>De<span class=\"_ _0\"></span>rivat<span class=\"_ _0\"></span>ives are ini<span class=\"_ _0\"></span>tiall<span class=\"_ _0\"></span>y rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ised at fair valu<span class=\"_ _0\"></span>e on the date on whic<span class=\"_ _0\"></span>h the de<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>vative co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>ct is entere<span class=\"_ _0\"></span>d into. Th<span class=\"_ _0\"></span>e Group\u2019s der<span class=\"_ _0\"></span>ivati<span class=\"_ _0\"></span>ves<span class=\"_ _0\"></span>, other th<span class=\"_ _0\"></span>an thos<span class=\"_ _0\"></span>e desig<span class=\"_ _0\"></span>nated as he<span class=\"_ _0\"></span>dgin<span class=\"_ _0\"></span>g inst<span class=\"_ _0\"></span>rum<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s in cash f<span class=\"_ _0\"></span>low or net inve<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent he<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>es, are in<span class=\"_ _0\"></span>str<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ents he<span class=\"_ _0\"></span>ld for trad<span class=\"_ _0\"></span>ing and<span class=\"_ _0\"></span>, are the<span class=\"_ _0\"></span>refore ac<span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>nted for<span class=\"_ gsec\"> </span>at F<span class=\"_ _0\"></span>V<span class=\"_ _3\"></span>TP<span class=\"_ _0\"></span>L<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>De<span class=\"_ _0\"></span>rivat<span class=\"_ _0\"></span>ives may be em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>dd<span class=\"_ _0\"></span>ed in anoth<span class=\"_ _0\"></span>er c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>actu<span class=\"_ _0\"></span>al arr<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>. If suc<span class=\"_ _0\"></span>h a hybrid c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t cont<span class=\"_ _0\"></span>ains a hos<span class=\"_ _0\"></span>t that is a fina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l asset<span class=\"_ _0\"></span>, the Gro<span class=\"_ _0\"></span>up asse<span class=\"_ _0\"></span>sses th<span class=\"_ _0\"></span>e entire c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act for cl<span class=\"_ _0\"></span>assif<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>cati<span class=\"_ _0\"></span>on and me<span class=\"_ _0\"></span>asure<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt pur<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>. Ot<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ise, th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p acc<span class=\"_ _0\"></span>ount<span class=\"_ _0\"></span>s for an embe<span class=\"_ _0\"></span>dd<span class=\"_ _0\"></span>ed de<span class=\"_ _0\"></span>riv<span class=\"_ _0\"></span>ative sep<span class=\"_ _0\"></span>aratel<span class=\"_ _0\"></span>y from th<span class=\"_ _0\"></span>e host c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t when:<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">its e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>no<span class=\"_ _0\"></span>mic c<span class=\"_ _0\"></span>hara<span class=\"_ _0\"></span>cter<span class=\"_ _0\"></span>isti<span class=\"_ _0\"></span>cs an<span class=\"_ _0\"></span>d risk<span class=\"_ _0\"></span>s are not c<span class=\"_ _0\"></span>lose<span class=\"_ _0\"></span>ly re<span class=\"_ _0\"></span>lated to tho<span class=\"_ _0\"></span>se of the h<span class=\"_ _0\"></span>ost c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>t<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">the ter<span class=\"_ _0\"></span>ms of the e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d der<span class=\"_ _0\"></span>ivati<span class=\"_ _0\"></span>ve woul<span class=\"_ _0\"></span>d have met t<span class=\"_ _0\"></span>he def<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>n of a de<span class=\"_ _0\"></span>riva<span class=\"_ _0\"></span>tive if th<span class=\"_ _0\"></span>ey were c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>aine<span class=\"_ _0\"></span>d in a s<span class=\"_ _0\"></span>epar<span class=\"_ _0\"></span>ate con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>t<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">the hyb<span class=\"_ _0\"></span>rid co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>act is not me<span class=\"_ _0\"></span>asure<span class=\"_ _0\"></span>d at F<span class=\"_ _0\"></span>V<span class=\"_ _3\"></span>TP<span class=\"_ _0\"></span>L<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></span>Th<span class=\"_ _0\"></span>ese em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>dde<span class=\"_ _0\"></span>d der<span class=\"_ _0\"></span>ivati<span class=\"_ _0\"></span>ves are sep<span class=\"_ _0\"></span>aratel<span class=\"_ _0\"></span>y acc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ted for at F<span class=\"_ _0\"></span>V<span class=\"_ _3\"></span>TPL<span class=\"_ _3\"></span>, unless th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p cho<span class=\"_ _0\"></span>oses to desi<span class=\"_ _0\"></span>gnate the ent<span class=\"_ _0\"></span>ire hybr<span class=\"_ _0\"></span>id co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>ct at F<span class=\"_ _0\"></span>V<span class=\"_ _3\"></span>TP<span class=\"_ _0\"></span>L<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>A der<span class=\"_ _0\"></span>ivati<span class=\"_ _0\"></span>ve em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>dde<span class=\"_ _0\"></span>d in a ho<span class=\"_ _0\"></span>st in<span class=\"_ _0\"></span>sura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e or rei<span class=\"_ _0\"></span>nsur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>act is n<span class=\"_ _0\"></span>ot ac<span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>nted for s<span class=\"_ _0\"></span>epa<span class=\"_ _0\"></span>rately f<span class=\"_ _0\"></span>rom th<span class=\"_ _0\"></span>e hos<span class=\"_ _0\"></span>t co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>act if t<span class=\"_ _0\"></span>he e<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>dd<span class=\"_ _0\"></span>ed der<span class=\"_ _0\"></span>ivati<span class=\"_ _0\"></span>ve itse<span class=\"_ _0\"></span>lf me<span class=\"_ _0\"></span>ets the def<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>n of an insura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e or reins<span class=\"_ _0\"></span>uran<span class=\"_ _0\"></span>ce c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Hedge accounting<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Group us<span class=\"_ _0\"></span>es he<span class=\"_ _0\"></span>dge ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>unti<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>, provid<span class=\"_ _0\"></span>ed the pre<span class=\"_ _0\"></span>scr<span class=\"_ _0\"></span>ib<span class=\"_ _0\"></span>ed cr<span class=\"_ _0\"></span>iter<span class=\"_ _0\"></span>ia are met<span class=\"_ _0\"></span>, to reco<span class=\"_ _0\"></span>gnise th<span class=\"_ _0\"></span>e offs<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g effe<span class=\"_ _0\"></span>cts of chan<span class=\"_ _0\"></span>ges in th<span class=\"_ _0\"></span>e fair value or c<span class=\"_ _0\"></span>ash fl<span class=\"_ _0\"></span>ow of the deri<span class=\"_ _0\"></span>vative ins<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nt and th<span class=\"_ _0\"></span>e hedg<span class=\"_ _0\"></span>ed i<span class=\"_ _0\"></span>tem. He<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>e acc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ting ca<span class=\"_ _0\"></span>n be app<span class=\"_ _0\"></span>lied in o<span class=\"_ _0\"></span>rder to:<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">hed<span class=\"_ _0\"></span>ge the ex<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>ure to fair value move<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts of a recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d asset o<span class=\"_ _0\"></span>r liabili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y or an unre<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>irm c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>mitm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t, or a co<span class=\"_ _0\"></span>mpo<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>nt of any </span>suc<span class=\"_ _0\"></span>h item<span class=\"_ _0\"></span>, that is att<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>uta<span class=\"_ _0\"></span>ble to a par<span class=\"_ _0\"></span>tic<span class=\"_ _0\"></span>ular r<span class=\"_ _0\"></span>isk and co<span class=\"_ _0\"></span>uld af<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t the Co<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>lidated In<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me S<span class=\"_ _0\"></span>tate<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">hed<span class=\"_ _0\"></span>ge the ex<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>ure to variab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y in cas<span class=\"_ _0\"></span>h fl<span class=\"_ _0\"></span>ows attr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>tab<span class=\"_ _0\"></span>le to a par<span class=\"_ _0\"></span>tic<span class=\"_ _0\"></span>ular ri<span class=\"_ _0\"></span>sk asso<span class=\"_ _0\"></span>ciate<span class=\"_ _0\"></span>d with all, o<span class=\"_ _0\"></span>r a comp<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ent of, a recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d asset o<span class=\"_ _0\"></span>r </span>liabi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y, or a highly pro<span class=\"_ _0\"></span>babl<span class=\"_ _0\"></span>e forec<span class=\"_ _0\"></span>ast tr<span class=\"_ _0\"></span>ansa<span class=\"_ _0\"></span>ctio<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>, that cou<span class=\"_ _0\"></span>ld affe<span class=\"_ _0\"></span>ct the C<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>olid<span class=\"_ _0\"></span>ated Inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e S<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nt<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">hed<span class=\"_ _0\"></span>ge the ex<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>ure to the cur<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>y risk ass<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>iated with a ne<span class=\"_ _0\"></span>t investm<span class=\"_ _0\"></span>ent in a foreig<span class=\"_ _0\"></span>n ope<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></span>Th<span class=\"_ _0\"></span>e relatio<span class=\"_ _0\"></span>nsh<span class=\"_ _0\"></span>ip bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en the he<span class=\"_ _0\"></span>dgi<span class=\"_ _0\"></span>ng ins<span class=\"_ _0\"></span>tru<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt and the he<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>ed item<span class=\"_ _0\"></span>, toge<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r with the r<span class=\"_ _0\"></span>isk mana<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t obje<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ve and str<span class=\"_ _0\"></span>ategy for und<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>taki<span class=\"_ _0\"></span>ng the he<span class=\"_ _0\"></span>dge tr<span class=\"_ _0\"></span>ansa<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>, are doc<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nted for<span class=\"_ _0\"></span>mall<span class=\"_ _0\"></span>y at the inc<span class=\"_ _0\"></span>eptio<span class=\"_ _0\"></span>n of the trans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e doc<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>ntati<span class=\"_ _0\"></span>on in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>des ide<span class=\"_ _0\"></span>ntif<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>catio<span class=\"_ _0\"></span>n of the hed<span class=\"_ _0\"></span>gin<span class=\"_ _0\"></span>g inst<span class=\"_ _0\"></span>rum<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t, the h<span class=\"_ _0\"></span>edg<span class=\"_ _0\"></span>ed ite<span class=\"_ _0\"></span>m, th<span class=\"_ _0\"></span>e nature of the risk b<span class=\"_ _0\"></span>eing h<span class=\"_ _0\"></span>edg<span class=\"_ _0\"></span>ed an<span class=\"_ _0\"></span>d how the Grou<span class=\"_ _0\"></span>p will asse<span class=\"_ _0\"></span>ss whet<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r the hed<span class=\"_ _0\"></span>gin<span class=\"_ _0\"></span>g relatio<span class=\"_ _0\"></span>nsh<span class=\"_ _0\"></span>ip me<span class=\"_ _0\"></span>ets the he<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>e ef<span class=\"_ _0\"></span>fecti<span class=\"_ _0\"></span>ven<span class=\"_ _0\"></span>ess req<span class=\"_ _0\"></span>uire<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts (inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>ing the an<span class=\"_ _0\"></span>alys<span class=\"_ _0\"></span>is of sourc<span class=\"_ _0\"></span>es of hedg<span class=\"_ _0\"></span>e inef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>tive<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>s and how the he<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>e ratio is deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>). A hedgi<span class=\"_ _0\"></span>ng relati<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>hip qual<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ies for he<span class=\"_ _0\"></span>dge ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>unti<span class=\"_ _0\"></span>ng if it me<span class=\"_ _0\"></span>ets all of the followi<span class=\"_ _0\"></span>ng ef<span class=\"_ _0\"></span>fecti<span class=\"_ _0\"></span>ven<span class=\"_ _0\"></span>ess req<span class=\"_ _0\"></span>uire<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts:<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">the<span class=\"_ _0\"></span>re is an e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>nom<span class=\"_ _0\"></span>ic rel<span class=\"_ _0\"></span>ation<span class=\"_ _0\"></span>ship b<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en th<span class=\"_ _0\"></span>e hed<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>d item a<span class=\"_ _0\"></span>nd th<span class=\"_ _0\"></span>e hed<span class=\"_ _0\"></span>gin<span class=\"_ _0\"></span>g inst<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">the ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t of cre<span class=\"_ _0\"></span>dit r<span class=\"_ _0\"></span>isk d<span class=\"_ _0\"></span>oes n<span class=\"_ _0\"></span>ot do<span class=\"_ _0\"></span>mina<span class=\"_ _0\"></span>te the valu<span class=\"_ _0\"></span>e cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>s that res<span class=\"_ _0\"></span>ult f<span class=\"_ _0\"></span>rom th<span class=\"_ _0\"></span>at ec<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>omi<span class=\"_ _0\"></span>c relat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>ship<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">the h<span class=\"_ _0\"></span>edg<span class=\"_ _0\"></span>e rati<span class=\"_ _0\"></span>o of the he<span class=\"_ _0\"></span>dgi<span class=\"_ _0\"></span>ng rel<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>nshi<span class=\"_ _0\"></span>p is the s<span class=\"_ _0\"></span>ame as t<span class=\"_ _0\"></span>hat res<span class=\"_ _0\"></span>ulti<span class=\"_ _0\"></span>ng fro<span class=\"_ _0\"></span>m the q<span class=\"_ _0\"></span>uant<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y of the h<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>d item th<span class=\"_ _0\"></span>at the G<span class=\"_ _0\"></span>roup a<span class=\"_ _0\"></span>ctu<span class=\"_ _0\"></span>ally h<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>ges<span class=\"_ _0\"></span> </span>and the qu<span class=\"_ _0\"></span>anti<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y of the hedg<span class=\"_ _0\"></span>ing ins<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nt that th<span class=\"_ _0\"></span>e Group ac<span class=\"_ _0\"></span>tual<span class=\"_ _0\"></span>ly uses to hed<span class=\"_ _0\"></span>ge that qu<span class=\"_ _0\"></span>anti<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y of hedge<span class=\"_ _0\"></span>d item<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Cur<span class=\"_ _0\"></span>rent<span class=\"_ _0\"></span>ly, the Group he<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>es foreig<span class=\"_ _0\"></span>n exchan<span class=\"_ _0\"></span>ge tran<span class=\"_ _0\"></span>slati<span class=\"_ _0\"></span>on and inte<span class=\"_ _0\"></span>rest rate risk<span class=\"_ _0\"></span>s on its fi<span class=\"_ _0\"></span>xed rate US<span class=\"_ _0\"></span>D den<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>inated bo<span class=\"_ _0\"></span>rrow<span class=\"_ _0\"></span>ings (the he<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>ed item<span class=\"_ _0\"></span>s), usin<span class=\"_ _0\"></span>g cross<span class=\"_ _0\"></span>-<span class=\"_ _3\"></span>cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cy interes<span class=\"_ _0\"></span>t rate swaps (the hed<span class=\"_ _0\"></span>gin<span class=\"_ _0\"></span>g items). It reco<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>s the ef<span class=\"_ _0\"></span>fecti<span class=\"_ _0\"></span>ve por<span class=\"_ _3\"></span>tion of the gai<span class=\"_ _0\"></span>n or loss o<span class=\"_ _0\"></span>n the hed<span class=\"_ _0\"></span>gin<span class=\"_ _0\"></span>g items in the<span class=\"_ _0\"></span> Co<span class=\"_ _0\"></span>nsol<span class=\"_ _0\"></span>idated S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ateme<span class=\"_ _0\"></span>nt of Com<span class=\"_ _0\"></span>preh<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>ive Inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e and in a sepa<span class=\"_ _0\"></span>rate reser<span class=\"_ _3\"></span>ve within eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y. The gain o<span class=\"_ _0\"></span>r loss rel<span class=\"_ _0\"></span>ating to the inef<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ve por<span class=\"_ _3\"></span>tion is rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d imme<span class=\"_ _0\"></span>diatel<span class=\"_ _0\"></span>y in the Co<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>lidated In<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me S<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>teme<span class=\"_ _0\"></span>nt. A<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>unts ac<span class=\"_ _0\"></span>cum<span class=\"_ _0\"></span>ulated in e<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>ty are re<span class=\"_ _0\"></span>cla<span class=\"_ _0\"></span>ssif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d in the pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>ds whe<span class=\"_ _0\"></span>n the he<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>d item af<span class=\"_ _0\"></span>fects pr<span class=\"_ _0\"></span>ofi<span class=\"_ _0\"></span>t or loss<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsAndHedgingExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-701": {
   "value": "Derivativ<span class=\"_ _1\"></span>es<span class=\"_ _3b2\"> </span>De<span class=\"_ _0\"></span>rivat<span class=\"_ _0\"></span>ives are ini<span class=\"_ _0\"></span>tiall<span class=\"_ _0\"></span>y rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ised at fair valu<span class=\"_ _0\"></span>e on the date on whic<span class=\"_ _0\"></span>h the de<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>vative co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>ct is entere<span class=\"_ _0\"></span>d into. Th<span class=\"_ _0\"></span>e Group\u2019s der<span class=\"_ _0\"></span>ivati<span class=\"_ _0\"></span>ves<span class=\"_ _0\"></span>, other th<span class=\"_ _0\"></span>an thos<span class=\"_ _0\"></span>e desig<span class=\"_ _0\"></span>nated as he<span class=\"_ _0\"></span>dgin<span class=\"_ _0\"></span>g inst<span class=\"_ _0\"></span>rum<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s in cash f<span class=\"_ _0\"></span>low or net inve<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent he<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>es, are in<span class=\"_ _0\"></span>str<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ents he<span class=\"_ _0\"></span>ld for trad<span class=\"_ _0\"></span>ing and<span class=\"_ _0\"></span>, are the<span class=\"_ _0\"></span>refore ac<span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>nted for<span class=\"_ gsec\"> </span>at F<span class=\"_ _0\"></span>V<span class=\"_ _3\"></span>TP<span class=\"_ _0\"></span>L<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>De<span class=\"_ _0\"></span>rivat<span class=\"_ _0\"></span>ives may be em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>dd<span class=\"_ _0\"></span>ed in anoth<span class=\"_ _0\"></span>er c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>actu<span class=\"_ _0\"></span>al arr<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>. If suc<span class=\"_ _0\"></span>h a hybrid c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t cont<span class=\"_ _0\"></span>ains a hos<span class=\"_ _0\"></span>t that is a fina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l asset<span class=\"_ _0\"></span>, the Gro<span class=\"_ _0\"></span>up asse<span class=\"_ _0\"></span>sses th<span class=\"_ _0\"></span>e entire c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act for cl<span class=\"_ _0\"></span>assif<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>cati<span class=\"_ _0\"></span>on and me<span class=\"_ _0\"></span>asure<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt pur<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>. Ot<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ise, th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p acc<span class=\"_ _0\"></span>ount<span class=\"_ _0\"></span>s for an embe<span class=\"_ _0\"></span>dd<span class=\"_ _0\"></span>ed de<span class=\"_ _0\"></span>riv<span class=\"_ _0\"></span>ative sep<span class=\"_ _0\"></span>aratel<span class=\"_ _0\"></span>y from th<span class=\"_ _0\"></span>e host c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t when:<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">its e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>no<span class=\"_ _0\"></span>mic c<span class=\"_ _0\"></span>hara<span class=\"_ _0\"></span>cter<span class=\"_ _0\"></span>isti<span class=\"_ _0\"></span>cs an<span class=\"_ _0\"></span>d risk<span class=\"_ _0\"></span>s are not c<span class=\"_ _0\"></span>lose<span class=\"_ _0\"></span>ly re<span class=\"_ _0\"></span>lated to tho<span class=\"_ _0\"></span>se of the h<span class=\"_ _0\"></span>ost c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>t<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">the ter<span class=\"_ _0\"></span>ms of the e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d der<span class=\"_ _0\"></span>ivati<span class=\"_ _0\"></span>ve woul<span class=\"_ _0\"></span>d have met t<span class=\"_ _0\"></span>he def<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>n of a de<span class=\"_ _0\"></span>riva<span class=\"_ _0\"></span>tive if th<span class=\"_ _0\"></span>ey were c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>aine<span class=\"_ _0\"></span>d in a s<span class=\"_ _0\"></span>epar<span class=\"_ _0\"></span>ate con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>t<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">the hyb<span class=\"_ _0\"></span>rid co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>act is not me<span class=\"_ _0\"></span>asure<span class=\"_ _0\"></span>d at F<span class=\"_ _0\"></span>V<span class=\"_ _3\"></span>TP<span class=\"_ _0\"></span>L<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></span>Th<span class=\"_ _0\"></span>ese em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>dde<span class=\"_ _0\"></span>d der<span class=\"_ _0\"></span>ivati<span class=\"_ _0\"></span>ves are sep<span class=\"_ _0\"></span>aratel<span class=\"_ _0\"></span>y acc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ted for at F<span class=\"_ _0\"></span>V<span class=\"_ _3\"></span>TPL<span class=\"_ _3\"></span>, unless th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p cho<span class=\"_ _0\"></span>oses to desi<span class=\"_ _0\"></span>gnate the ent<span class=\"_ _0\"></span>ire hybr<span class=\"_ _0\"></span>id co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>ct at F<span class=\"_ _0\"></span>V<span class=\"_ _3\"></span>TP<span class=\"_ _0\"></span>L<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>A der<span class=\"_ _0\"></span>ivati<span class=\"_ _0\"></span>ve em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>dde<span class=\"_ _0\"></span>d in a ho<span class=\"_ _0\"></span>st in<span class=\"_ _0\"></span>sura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e or rei<span class=\"_ _0\"></span>nsur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>act is n<span class=\"_ _0\"></span>ot ac<span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>nted for s<span class=\"_ _0\"></span>epa<span class=\"_ _0\"></span>rately f<span class=\"_ _0\"></span>rom th<span class=\"_ _0\"></span>e hos<span class=\"_ _0\"></span>t co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>act if t<span class=\"_ _0\"></span>he e<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>dd<span class=\"_ _0\"></span>ed der<span class=\"_ _0\"></span>ivati<span class=\"_ _0\"></span>ve itse<span class=\"_ _0\"></span>lf me<span class=\"_ _0\"></span>ets the def<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>n of an insura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e or reins<span class=\"_ _0\"></span>uran<span class=\"_ _0\"></span>ce c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-673": {
   "value": "Coll<span class=\"_ _0\"></span>ater<span class=\"_ _0\"></span>al<span class=\"_ _3b2\"> </span>Co<span class=\"_ _0\"></span>llatera<span class=\"_ _0\"></span>l rece<span class=\"_ _0\"></span>ive<span class=\"_ _0\"></span>d in the form of cash<span class=\"_ _0\"></span>, whic<span class=\"_ _0\"></span>h is not leg<span class=\"_ _0\"></span>ally se<span class=\"_ _0\"></span>gre<span class=\"_ _0\"></span>gated fro<span class=\"_ _0\"></span>m the Grou<span class=\"_ _0\"></span>p, is reco<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>sed as an asse<span class=\"_ _0\"></span>t in the Co<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>lidated B<span class=\"_ _0\"></span>alan<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span> Sh<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t with a cor<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>pon<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>g liabili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y for the repay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt in Payab<span class=\"_ _0\"></span>les an<span class=\"_ _0\"></span>d other f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>l liabili<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>. Howeve<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>, where th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p has a curre<span class=\"_ _0\"></span>ntly<span class=\"_ _0\"></span> enforc<span class=\"_ _0\"></span>eab<span class=\"_ _0\"></span>le le<span class=\"_ _0\"></span>gal rig<span class=\"_ _0\"></span>ht of set-<span class=\"_ _0\"></span>of<span class=\"_ _0\"></span>f and the ab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y and in<span class=\"_ _0\"></span>tent to net set<span class=\"_ _0\"></span>tle<span class=\"_ _0\"></span>, the co<span class=\"_ _0\"></span>llatera<span class=\"_ _0\"></span>l liabili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y and ass<span class=\"_ _0\"></span>oci<span class=\"_ _0\"></span>ated der<span class=\"_ _0\"></span>ivati<span class=\"_ _0\"></span>ve balan<span class=\"_ _0\"></span>ces are sh<span class=\"_ _0\"></span>own net<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Non<span class=\"_ _3\"></span>-<span class=\"_ _0\"></span>cas<span class=\"_ _0\"></span>h co<span class=\"_ _0\"></span>llatera<span class=\"_ _0\"></span>l rec<span class=\"_ _0\"></span>eive<span class=\"_ _0\"></span>d is not re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>sed i<span class=\"_ _0\"></span>n the C<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>olid<span class=\"_ _0\"></span>ated B<span class=\"_ _0\"></span>alan<span class=\"_ _0\"></span>ce S<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>et un<span class=\"_ _0\"></span>les<span class=\"_ _0\"></span>s the tr<span class=\"_ _0\"></span>ansfer of th<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>llater<span class=\"_ _0\"></span>al me<span class=\"_ _0\"></span>ets th<span class=\"_ _0\"></span>e de<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>niti<span class=\"_ _0\"></span>on cri<span class=\"_ _0\"></span>teri<span class=\"_ _0\"></span>a from the p<span class=\"_ _0\"></span>ers<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ve of the transfer<span class=\"_ _0\"></span>or. <span class=\"_ _1\"></span>Su<span class=\"_ _0\"></span>ch co<span class=\"_ _0\"></span>llatera<span class=\"_ _0\"></span>l is typ<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ally re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d whe<span class=\"_ _0\"></span>n the Grou<span class=\"_ _0\"></span>p eit<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>: (a<span class=\"_ _1\"></span>) sells or rep<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>s these ass<span class=\"_ _0\"></span>ets in the abs<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>e of default<span class=\"_ _0\"></span>, at whic<span class=\"_ _0\"></span>h point th<span class=\"_ _0\"></span>e obli<span class=\"_ _0\"></span>gatio<span class=\"_ _0\"></span>n to return this co<span class=\"_ _0\"></span>llater<span class=\"_ _0\"></span>al is reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed as a liabil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>; or (b) the cou<span class=\"_ _0\"></span>nter<span class=\"_ _0\"></span>par<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y to the arr<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span> defaul<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>, at which po<span class=\"_ _0\"></span>int the co<span class=\"_ _0\"></span>llater<span class=\"_ _0\"></span>al is seized and re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed as an asse<span class=\"_ _0\"></span>t. Co<span class=\"_ _0\"></span>llatera<span class=\"_ _0\"></span>l pled<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>d in the form of cash<span class=\"_ _0\"></span>, whic<span class=\"_ _0\"></span>h is leg<span class=\"_ _0\"></span>ally se<span class=\"_ _0\"></span>gre<span class=\"_ _0\"></span>gated fro<span class=\"_ _0\"></span>m the Grou<span class=\"_ _0\"></span>p, is dere<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed fro<span class=\"_ _0\"></span>m the statem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t of finan<span class=\"_ _0\"></span>cial p<span class=\"_ _0\"></span>osit<span class=\"_ _0\"></span>ion wi<span class=\"_ _0\"></span>th a<span class=\"_ gsec\"> </span>cor<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>ndin<span class=\"_ _0\"></span>g rec<span class=\"_ _0\"></span>eiva<span class=\"_ _0\"></span>ble re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d for its retu<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>. Non<span class=\"_ _0\"></span>-<span class=\"_ _3\"></span>cash c<span class=\"_ _0\"></span>ollate<span class=\"_ _0\"></span>ral ple<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>ed is not der<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ised fr<span class=\"_ _0\"></span>om the st<span class=\"_ _0\"></span>ateme<span class=\"_ _0\"></span>nt of fina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al posi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n unle<span class=\"_ _0\"></span>ss the Gro<span class=\"_ _0\"></span>up defau<span class=\"_ _0\"></span>lts on i<span class=\"_ _0\"></span>ts oblig<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns und<span class=\"_ _0\"></span>er the re<span class=\"_ _0\"></span>levan<span class=\"_ _0\"></span>t agree<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>, and the<span class=\"_ _0\"></span>refore co<span class=\"_ _0\"></span>ntinu<span class=\"_ _0\"></span>es to be reco<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>sed in th<span class=\"_ _0\"></span>e Con<span class=\"_ _0\"></span>soli<span class=\"_ _0\"></span>dated Bal<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e Sh<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t within F<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l investm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s.<span class=\"_ _3b2\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForCollateralExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-702": {
   "value": "Impairment<span class=\"_ _1\"></span> of financi<span class=\"_ _1\"></span>al ass<span class=\"_ _1\"></span>ets<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p asse<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s on a for<span class=\"_ _0\"></span>wa<span class=\"_ _0\"></span>rd<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>ok<span class=\"_ _0\"></span>ing b<span class=\"_ _0\"></span>asis th<span class=\"_ _0\"></span>e exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted cre<span class=\"_ _0\"></span>dit l<span class=\"_ _0\"></span>oss (<span class=\"_ _0\"></span>ECL) a<span class=\"_ _0\"></span>sso<span class=\"_ _0\"></span>ciated w<span class=\"_ _0\"></span>ith i<span class=\"_ _0\"></span>ts f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s meas<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>d at amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>ed c<span class=\"_ _0\"></span>ost<span class=\"_ _0\"></span> and F<span class=\"_ _3\"></span>VOCI<span class=\"_ _0\"></span>, and rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>s a loss allowan<span class=\"_ _0\"></span>ce for su<span class=\"_ _0\"></span>ch los<span class=\"_ _0\"></span>ses at eac<span class=\"_ _0\"></span>h repo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng date. E<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted cre<span class=\"_ _0\"></span>dit lo<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s are defi<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>d as the prese<span class=\"_ _0\"></span>nt valu<span class=\"_ _0\"></span>e of the dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nce b<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n all cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>tual c<span class=\"_ _0\"></span>ash fl<span class=\"_ _0\"></span>ows that are due and all c<span class=\"_ _0\"></span>ash fl<span class=\"_ _0\"></span>ows that the en<span class=\"_ _0\"></span>tit<span class=\"_ _0\"></span>y exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ts to recei<span class=\"_ _0\"></span>ve (i.e. th<span class=\"_ _0\"></span>e cash sh<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>tfall<span class=\"_ _0\"></span>), weigh<span class=\"_ _0\"></span>ted base<span class=\"_ _0\"></span>d on thei<span class=\"_ _0\"></span>r prob<span class=\"_ _0\"></span>abili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y of occu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e. Th<span class=\"_ _0\"></span>e loss all<span class=\"_ _0\"></span>owanc<span class=\"_ _0\"></span>e rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ised un<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r IFR<span class=\"_ _0\"></span>S 9 can be equ<span class=\"_ _0\"></span>al to an amoun<span class=\"_ _0\"></span>t cor<span class=\"_ _0\"></span>resp<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ding to a 1<span class=\"_ _1\"></span>2-m<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>th ECL or a lifeti<span class=\"_ _0\"></span>me ECL<span class=\"_ _0\"></span>. A lifetim<span class=\"_ _0\"></span>e ECL is the EC<span class=\"_ _0\"></span>L resul<span class=\"_ _0\"></span>ting fro<span class=\"_ _0\"></span>m all pos<span class=\"_ _0\"></span>sibl<span class=\"_ _0\"></span>e defaul<span class=\"_ _0\"></span>t events over th<span class=\"_ _0\"></span>e expe<span class=\"_ _0\"></span>cted life of the fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>; a 1<span class=\"_ _1\"></span>2-m<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>h ECL is the po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on of lifetim<span class=\"_ _0\"></span>e ECL resu<span class=\"_ _0\"></span>ltin<span class=\"_ _0\"></span>g from defau<span class=\"_ _0\"></span>lt even<span class=\"_ _0\"></span>ts on a fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial asse<span class=\"_ _0\"></span>t that are pos<span class=\"_ _0\"></span>sibl<span class=\"_ _0\"></span>e withi<span class=\"_ _0\"></span>n the 1<span class=\"_ _1\"></span>2 months af<span class=\"_ _0\"></span>ter th<span class=\"_ _0\"></span>e repo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g date. For a fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial ass<span class=\"_ _0\"></span>et that is cre<span class=\"_ _0\"></span>dit-<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>pai<span class=\"_ _0\"></span>red at the rep<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>ting date, bu<span class=\"_ _0\"></span>t that is not a purc<span class=\"_ _0\"></span>hase<span class=\"_ _0\"></span>d or ori<span class=\"_ _0\"></span>ginate<span class=\"_ _0\"></span>d credi<span class=\"_ _0\"></span>t-<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>paire<span class=\"_ _0\"></span>d fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial asse<span class=\"_ _0\"></span>t, ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cted cre<span class=\"_ _0\"></span>dit lo<span class=\"_ _0\"></span>sses are m<span class=\"_ _0\"></span>easu<span class=\"_ _0\"></span>red as the dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en the ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>\u2019s gross car<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 and the pre<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>t value of estim<span class=\"_ _0\"></span>ated fu<span class=\"_ _0\"></span>ture cas<span class=\"_ _0\"></span>h flows<span class=\"_ _0\"></span>, disc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ted at the fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial asse<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>\u2019s origin<span class=\"_ _0\"></span>al effe<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ve interes<span class=\"_ _0\"></span>t rate. Any adjus<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent is rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in profi<span class=\"_ _0\"></span>t or los<span class=\"_ _0\"></span>s as an impair<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt gain or l<span class=\"_ _0\"></span>oss<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Group d<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>nes defa<span class=\"_ _0\"></span>ult on a f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial ass<span class=\"_ _0\"></span>et as the ina<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y to meet in full an<span class=\"_ _0\"></span>d on time an or<span class=\"_ _0\"></span>igin<span class=\"_ _0\"></span>al prom<span class=\"_ _0\"></span>ise of expe<span class=\"_ _0\"></span>cted c<span class=\"_ _0\"></span>ash fl<span class=\"_ _0\"></span>ows, th<span class=\"_ _0\"></span>e amou<span class=\"_ _0\"></span>nt and timi<span class=\"_ _0\"></span>ng of which are d<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>d with ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tai<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>y. <span class=\"_ _1\"></span>Any b<span class=\"_ _0\"></span>reac<span class=\"_ _0\"></span>h of this promis<span class=\"_ _0\"></span>e, by any amou<span class=\"_ _0\"></span>nt or tim<span class=\"_ _0\"></span>e (in excess of any potenti<span class=\"_ _0\"></span>al plan<span class=\"_ _0\"></span>ned gr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>e per<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d), c<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>titu<span class=\"_ _0\"></span>tes a default<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>is is consi<span class=\"_ _0\"></span>stent wit<span class=\"_ _0\"></span>h the def<span class=\"_ _0\"></span>ini<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of default use<span class=\"_ _0\"></span>d for intern<span class=\"_ _0\"></span>al cre<span class=\"_ _0\"></span>dit ris<span class=\"_ _0\"></span>k manag<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent pu<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>s. An as<span class=\"_ _0\"></span>set is cre<span class=\"_ _0\"></span>dit-<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>paire<span class=\"_ _0\"></span>d whe<span class=\"_ _0\"></span>n one or m<span class=\"_ _0\"></span>ore event<span class=\"_ _0\"></span>s that have a detri<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>tal imp<span class=\"_ _0\"></span>act o<span class=\"_ _0\"></span>n the esti<span class=\"_ _0\"></span>mated fu<span class=\"_ _0\"></span>ture cas<span class=\"_ _0\"></span>h fl<span class=\"_ _0\"></span>ows of that finan<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>l asset have oc<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>red<span class=\"_ _0\"></span>. Evide<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e that a fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial asse<span class=\"_ _0\"></span>t is credi<span class=\"_ _0\"></span>t-<span class=\"_ _0\"></span>imp<span class=\"_ _0\"></span>aire<span class=\"_ _0\"></span>d incl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>s the followi<span class=\"_ _0\"></span>ng obse<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ble dat<span class=\"_ _0\"></span>a:<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">signi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>can<span class=\"_ _0\"></span>t fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial di<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>cul<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y of the b<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>rower<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">a breac<span class=\"_ _0\"></span>h of contr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>, suc<span class=\"_ _0\"></span>h as a default or pas<span class=\"_ _0\"></span>t due eve<span class=\"_ _0\"></span>nt<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">the res<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>uct<span class=\"_ _0\"></span>ure of a lo<span class=\"_ _0\"></span>an by the G<span class=\"_ _0\"></span>roup o<span class=\"_ _0\"></span>n ter<span class=\"_ _0\"></span>ms whi<span class=\"_ _0\"></span>ch it wo<span class=\"_ _0\"></span>uld n<span class=\"_ _0\"></span>ot othe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>wise c<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">it be<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>mes p<span class=\"_ _0\"></span>roba<span class=\"_ _0\"></span>ble that th<span class=\"_ _0\"></span>e bor<span class=\"_ _0\"></span>rower will en<span class=\"_ _0\"></span>ter bank<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>ptcy or othe<span class=\"_ _0\"></span>r fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial reo<span class=\"_ _0\"></span>rga<span class=\"_ _0\"></span>nisati<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></span>A fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al asse<span class=\"_ _0\"></span>t is writ<span class=\"_ _0\"></span>ten of<span class=\"_ _0\"></span>f when th<span class=\"_ _0\"></span>ere is no reas<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>ble exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tati<span class=\"_ _0\"></span>on of recove<span class=\"_ _0\"></span>rin<span class=\"_ _0\"></span>g the co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>ctu<span class=\"_ _0\"></span>al cash f<span class=\"_ _0\"></span>lows<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e ECL mo<span class=\"_ _0\"></span>del is ru<span class=\"_ _0\"></span>n from th<span class=\"_ _0\"></span>e date of <span class=\"_ _1\"></span>ini<span class=\"_ _0\"></span>tial rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>niti<span class=\"_ _0\"></span>on of a fina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al asset<span class=\"_ _0\"></span>, and it<span class=\"_ _0\"></span>s outp<span class=\"_ _0\"></span>ut up<span class=\"_ _0\"></span>dated at ever<span class=\"_ _3\"></span>y repor<span class=\"_ _3\"></span>ting p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>, even if no actu<span class=\"_ _0\"></span>al los<span class=\"_ _0\"></span>s events have taken pl<span class=\"_ _0\"></span>ace<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e impac<span class=\"_ _0\"></span>t of updati<span class=\"_ _0\"></span>ng the in<span class=\"_ _0\"></span>put<span class=\"_ _0\"></span>s of the ECL mod<span class=\"_ _0\"></span>el in the re<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g per<span class=\"_ _0\"></span>iod is re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d in prof<span class=\"_ _0\"></span>it or lo<span class=\"_ _0\"></span>ss dire<span class=\"_ _0\"></span>ctl<span class=\"_ _0\"></span>y where i<span class=\"_ _0\"></span>t affe<span class=\"_ _0\"></span>cts the c<span class=\"_ _0\"></span>arr<span class=\"_ _3\"></span>yin<span class=\"_ _0\"></span>g value of fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial asse<span class=\"_ _0\"></span>ts at amor<span class=\"_ _3\"></span>tise<span class=\"_ _0\"></span>d cost<span class=\"_ _0\"></span>, whil<span class=\"_ _0\"></span>e for assets at F<span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>OCI an e<span class=\"_ _0\"></span>qual an<span class=\"_ _0\"></span>d opp<span class=\"_ _0\"></span>osi<span class=\"_ _0\"></span>te moveme<span class=\"_ _0\"></span>nt is reco<span class=\"_ _0\"></span>rde<span class=\"_ _0\"></span>d in othe<span class=\"_ _0\"></span>r comprehen<span class=\"_ _1\"></span>siv<span class=\"_ _1\"></span>e incom<span class=\"_ _1\"></span>e. In orde<span class=\"_ _0\"></span>r to determi<span class=\"_ _0\"></span>ne whe<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r the Gro<span class=\"_ _0\"></span>up meas<span class=\"_ _0\"></span>ures EC<span class=\"_ _0\"></span>Ls at an am<span class=\"_ _0\"></span>ount e<span class=\"_ _0\"></span>qual to 1<span class=\"_ _1\"></span>2-<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>nth ECL o<span class=\"_ _0\"></span>r lifetime EC<span class=\"_ _0\"></span>L<span class=\"_ _0\"></span>, at each re<span class=\"_ _0\"></span>por<span class=\"_ _3\"></span>ting pe<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>od the Gr<span class=\"_ _0\"></span>oup<span class=\"_ _0\"></span> is requi<span class=\"_ _0\"></span>red to asses<span class=\"_ _0\"></span>s which \u2018st<span class=\"_ _0\"></span>age\u2019 a f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial as<span class=\"_ _0\"></span>set falls into. S<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ges ref<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>ct the g<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>ral pat<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>n of deteri<span class=\"_ _0\"></span>orat<span class=\"_ _0\"></span>ion in cre<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t risk of a fina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al inst<span class=\"_ _0\"></span>rum<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t that ulti<span class=\"_ _0\"></span>mately defa<span class=\"_ _0\"></span>ults<span class=\"_ _0\"></span>, as follows:<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">S<span class=\"_ _0\"></span>tag<span class=\"_ _0\"></span>e 1 inclu<span class=\"_ _0\"></span>des f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>ally he<span class=\"_ _0\"></span>althy f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al assets th<span class=\"_ _0\"></span>at are expe<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d to <span class=\"_ _1\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>m in line with th<span class=\"_ _0\"></span>eir c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>ual term<span class=\"_ _0\"></span>s, and wh<span class=\"_ _0\"></span>ich have no sig<span class=\"_ _0\"></span>ns </span>of<span class=\"_ gsec\"> </span>inc<span class=\"_ _0\"></span>rease<span class=\"_ _0\"></span>d cred<span class=\"_ _0\"></span>it ris<span class=\"_ _0\"></span>k<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>age 2 includ<span class=\"_ _0\"></span>es fina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al assets for which a <span class=\"_ _1\"></span>signi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>nt increa<span class=\"_ _0\"></span>se in <span class=\"_ _1\"></span>cre<span class=\"_ _0\"></span>dit risk has occ<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>red sinc<span class=\"_ _0\"></span>e initial rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>, but which are not <span class=\"_ _1\"></span>cre<span class=\"_ _0\"></span>dit-<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>mpai<span class=\"_ _0\"></span>red<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">S<span class=\"_ _0\"></span>tag<span class=\"_ _0\"></span>e 3 applie<span class=\"_ _0\"></span>s to credit-<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>mpai<span class=\"_ _0\"></span>red f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial in<span class=\"_ _0\"></span>str<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></span>Wh<span class=\"_ _0\"></span>en fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial ass<span class=\"_ _0\"></span>ets are un<span class=\"_ _0\"></span>der S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>age 1, <span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>2-<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>nth EC<span class=\"_ _0\"></span>Ls are re<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 fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial asse<span class=\"_ _0\"></span>ts are unde<span class=\"_ _0\"></span>r S<span class=\"_ _0\"></span>tag<span class=\"_ _0\"></span>e 2 or 3, lifetim<span class=\"_ _0\"></span>e ECL<span class=\"_ _0\"></span>s are rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d. An in<span class=\"_ _0\"></span>str<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ent move<span class=\"_ _0\"></span>s down (or up<span class=\"_ _1\"></span>) the stag<span class=\"_ _0\"></span>es whe<span class=\"_ _0\"></span>n a signif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant in<span class=\"_ _0\"></span>creas<span class=\"_ _0\"></span>e in cred<span class=\"_ _0\"></span>it ris<span class=\"_ _0\"></span>k (SICR) has hap<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ned (or has rever<span class=\"_ _0\"></span>sed<span class=\"_ _0\"></span>). Wh<span class=\"_ _0\"></span>en deter<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ning wh<span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span>er the cre<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t risk of a fina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al instr<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ent has in<span class=\"_ _0\"></span>cre<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>d signif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>antl<span class=\"_ _0\"></span>y sinc<span class=\"_ _0\"></span>e init<span class=\"_ _0\"></span>ial rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>niti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>, the Grou<span class=\"_ _0\"></span>p con<span class=\"_ _0\"></span>side<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span> reaso<span class=\"_ _0\"></span>nab<span class=\"_ _0\"></span>le and su<span class=\"_ _0\"></span>ppo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ble infor<span class=\"_ _0\"></span>mati<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>, both qua<span class=\"_ _0\"></span>litat<span class=\"_ _0\"></span>ive and qua<span class=\"_ _0\"></span>ntit<span class=\"_ _0\"></span>ative<span class=\"_ _0\"></span>, that is releva<span class=\"_ _0\"></span>nt and is availab<span class=\"_ _0\"></span>le with<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>t undu<span class=\"_ _0\"></span>e cos<span class=\"_ _0\"></span>t or effo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>, incl<span class=\"_ _0\"></span>udin<span class=\"_ _0\"></span>g for<span class=\"_ _0\"></span>ward<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>oo<span class=\"_ _0\"></span>kin<span class=\"_ _0\"></span>g inform<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n at its dispo<span class=\"_ _0\"></span>sal<span class=\"_ _0\"></span>. Key indic<span class=\"_ _0\"></span>ators use<span class=\"_ _0\"></span>d in orde<span class=\"_ _0\"></span>r to determi<span class=\"_ _0\"></span>ne whe<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r a SIC<span class=\"_ _0\"></span>R has occ<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>red (eithe<span class=\"_ _0\"></span>r in isol<span class=\"_ _0\"></span>ation o<span class=\"_ _0\"></span>r in combination) <span class=\"_ _1\"></span>are:<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">deter<span class=\"_ _0\"></span>ior<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n in rating gr<span class=\"_ _0\"></span>ade be<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n origi<span class=\"_ _0\"></span>natio<span class=\"_ _0\"></span>n date and rep<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ing date. T<span class=\"_ _0\"></span>he level of dete<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>ratio<span class=\"_ _0\"></span>n requ<span class=\"_ _0\"></span>ired by an ind<span class=\"_ _0\"></span>ivid<span class=\"_ _0\"></span>ual ass<span class=\"_ _0\"></span>et is deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ed </span>usin<span class=\"_ _0\"></span>g a relati<span class=\"_ _0\"></span>ve ratin<span class=\"_ _0\"></span>g matr<span class=\"_ _0\"></span>ix<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">exp<span class=\"_ _0\"></span>osure is i<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>ntif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d on th<span class=\"_ _0\"></span>e invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>rs\u2019 \u2018<span class=\"_ _0\"></span>watchlis<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>\u2019<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">exp<span class=\"_ _0\"></span>osure is i<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>ntif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d on inte<span class=\"_ _0\"></span>rnal \u2018c<span class=\"_ _0\"></span>red<span class=\"_ _0\"></span>it watchl<span class=\"_ _0\"></span>ists\u2019<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">a manua<span class=\"_ _0\"></span>l shif<span class=\"_ _0\"></span>t of an expo<span class=\"_ _0\"></span>sure to S<span class=\"_ _0\"></span>tage 2 on an exce<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>nal basis (whe<span class=\"_ _0\"></span>re requi<span class=\"_ _0\"></span>red<span class=\"_ _0\"></span>, using ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt jud<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t).<span class=\"_ _3b2\"> </span></span>Th<span class=\"_ _0\"></span>e provis<span class=\"_ _0\"></span>ions of I<span class=\"_ _0\"></span>FR<span class=\"_ _0\"></span>S 9 inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>e a reb<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ble p<span class=\"_ _0\"></span>resu<span class=\"_ _0\"></span>mptio<span class=\"_ _0\"></span>n that t<span class=\"_ _0\"></span>he cre<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t risk o<span class=\"_ _0\"></span>n a f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial a<span class=\"_ _0\"></span>sset h<span class=\"_ _0\"></span>as in<span class=\"_ _0\"></span>creas<span class=\"_ _0\"></span>ed si<span class=\"_ _0\"></span>gnif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>antl<span class=\"_ _0\"></span>y sin<span class=\"_ _0\"></span>ce in<span class=\"_ _0\"></span>itia<span class=\"_ _0\"></span>l rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>on whe<span class=\"_ _0\"></span>n con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>tual pay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts are mo<span class=\"_ _0\"></span>re than 30 days pas<span class=\"_ _0\"></span>t due<span class=\"_ _0\"></span>, whic<span class=\"_ _0\"></span>h is taken into acco<span class=\"_ _0\"></span>unt for this ass<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p makes u<span class=\"_ _0\"></span>se of a pra<span class=\"_ _0\"></span>ctic<span class=\"_ _0\"></span>al ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>die<span class=\"_ _0\"></span>nt availab<span class=\"_ _0\"></span>le in I<span class=\"_ _0\"></span>FR<span class=\"_ _0\"></span>S 9 whe<span class=\"_ _0\"></span>reby i<span class=\"_ _0\"></span>t can b<span class=\"_ _0\"></span>e ass<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>d that t<span class=\"_ _0\"></span>he cr<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>t risk o<span class=\"_ _0\"></span>n a f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>l inst<span class=\"_ _0\"></span>rum<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t has<span class=\"_ gsec\"> </span>not<span class=\"_ gsec\"> </span>i<span class=\"_ _0\"></span>ncre<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>d signif<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>can<span class=\"_ _0\"></span>tly sin<span class=\"_ _0\"></span>ce ini<span class=\"_ _0\"></span>tial rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>niti<span class=\"_ _0\"></span>on if the f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al instr<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ent is de<span class=\"_ _0\"></span>termi<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>d to have <span class=\"_ _1\"></span>low cre<span class=\"_ _0\"></span>dit ris<span class=\"_ _0\"></span>k at the repo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng date (e.g.<span class=\"_ gsec\"> </span>investm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t grade as de<span class=\"_ _0\"></span>term<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d by the Group<span class=\"_ _0\"></span>\u2019s asset manag<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s). <span class=\"_ _1\"></span>This all<span class=\"_ _0\"></span>ows reco<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of 1<span class=\"_ _1\"></span>2-m<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>h ECL<span class=\"_ _0\"></span>s as oppo<span class=\"_ _0\"></span>sed to, poten<span class=\"_ _0\"></span>tiall<span class=\"_ _0\"></span>y, lifetim<span class=\"_ _0\"></span>e ECL<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>his is dee<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>d to be the case wh<span class=\"_ _0\"></span>ere asse<span class=\"_ _0\"></span>ts that have be<span class=\"_ _0\"></span>en down<span class=\"_ _0\"></span>gra<span class=\"_ _0\"></span>ded re<span class=\"_ _0\"></span>main of go<span class=\"_ _0\"></span>od cre<span class=\"_ _0\"></span>dit qu<span class=\"_ _0\"></span>alit<span class=\"_ _0\"></span>y (i<span class=\"_ _0\"></span>.e. invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt grad<span class=\"_ _0\"></span>e as<span class=\"_ gsec\"> </span>deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ed by the Gro<span class=\"_ _0\"></span>up\u2019s asset ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>ers) as at the repor<span class=\"_ _3\"></span>ting date, to the ex<span class=\"_ _0\"></span>tent th<span class=\"_ _0\"></span>at, whe<span class=\"_ _0\"></span>re rele<span class=\"_ _0\"></span>vant<span class=\"_ _0\"></span>, the Gro<span class=\"_ _0\"></span>up\u2019s internal c<span class=\"_ _0\"></span>redi<span class=\"_ _0\"></span>t risk rat<span class=\"_ _0\"></span>ings<span class=\"_ _0\"></span> are con<span class=\"_ _0\"></span>side<span class=\"_ _0\"></span>red to be co<span class=\"_ _0\"></span>nsiste<span class=\"_ _0\"></span>nt with a glo<span class=\"_ _0\"></span>ball<span class=\"_ _0\"></span>y unde<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>tood def<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>n of \u2018l<span class=\"_ _0\"></span>ow credi<span class=\"_ _0\"></span>t risk<span class=\"_ _3\"></span>\u2019<span class=\"_ _1\"></span>.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Group es<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>ates ECL<span class=\"_ _0\"></span>s on its fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nts at amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>ed co<span class=\"_ _0\"></span>st and de<span class=\"_ _0\"></span>bt ins<span class=\"_ _0\"></span>tru<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts at F<span class=\"_ _0\"></span>VO<span class=\"_ _0\"></span>CI whic<span class=\"_ _0\"></span>h are not cre<span class=\"_ _0\"></span>dit-<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>mpai<span class=\"_ _0\"></span>red by usin<span class=\"_ _0\"></span>g the pro<span class=\"_ _0\"></span>bab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y of defaul<span class=\"_ _0\"></span>t appro<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>h. Bas<span class=\"_ _0\"></span>ed on this m<span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>, the ECL<span class=\"_ _0\"></span>s are a proba<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>-we<span class=\"_ _0\"></span>ighted es<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>ate of <span class=\"_ _1\"></span>the pre<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>t value of estim<span class=\"_ _0\"></span>ated cas<span class=\"_ _0\"></span>h sho<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>falls<span class=\"_ _0\"></span>, i.e. th<span class=\"_ _0\"></span>e weighted aver<span class=\"_ _0\"></span>age of cred<span class=\"_ _0\"></span>it los<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>, with th<span class=\"_ _0\"></span>e respe<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ive risk<span class=\"_ _0\"></span>s of a <span class=\"_ _1\"></span>defaul<span class=\"_ _0\"></span>t oc<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ng use<span class=\"_ _0\"></span>d as the weighti<span class=\"_ _0\"></span>ngs<span class=\"_ _0\"></span>. For this pu<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>, the key elem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s to <span class=\"_ _1\"></span>be ca<span class=\"_ _0\"></span>lcu<span class=\"_ _0\"></span>lated are the Pro<span class=\"_ _0\"></span>bab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y of Defau<span class=\"_ _0\"></span>lt (PD), i.e. th<span class=\"_ _0\"></span>e estim<span class=\"_ _0\"></span>ate of the likeliho<span class=\"_ _0\"></span>od of defaul<span class=\"_ _0\"></span>t over a given tim<span class=\"_ _0\"></span>e hor<span class=\"_ _0\"></span>izon (either<span class=\"_ _0\"></span> 1<span class=\"_ _1\"></span>2 months o<span class=\"_ _0\"></span>r lifetime); the res<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ctive Lo<span class=\"_ _0\"></span>ss Give<span class=\"_ _0\"></span>n Defaul<span class=\"_ _0\"></span>t (LGD); and the E<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>osu<span class=\"_ _0\"></span>re at Default (E<span class=\"_ _3\"></span>A<span class=\"_ _0\"></span>D).<span class=\"_ _3b2\"> </span>E<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>osur<span class=\"_ _0\"></span>es that move into S<span class=\"_ _0\"></span>tag<span class=\"_ _0\"></span>e 3 are able to transi<span class=\"_ _0\"></span>tion ba<span class=\"_ _0\"></span>ck to St<span class=\"_ _0\"></span>age 2 if the ass<span class=\"_ _0\"></span>et no lon<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>r mee<span class=\"_ _0\"></span>ts the def<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>n of default<span class=\"_ _0\"></span>. Sim<span class=\"_ _0\"></span>ilar<span class=\"_ _0\"></span>ly, exposu<span class=\"_ _0\"></span>res will re<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>tran<span class=\"_ _0\"></span>siti<span class=\"_ _0\"></span>on fro<span class=\"_ _0\"></span>m S<span class=\"_ _0\"></span>tage 2 to St<span class=\"_ _0\"></span>age 1 whe<span class=\"_ _0\"></span>re the SI<span class=\"_ _0\"></span>CR in<span class=\"_ _0\"></span>dic<span class=\"_ _0\"></span>ators no lo<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>r app<span class=\"_ _0\"></span>ly. No separate cu<span class=\"_ _0\"></span>re or prob<span class=\"_ _0\"></span>ation p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>ods are ap<span class=\"_ _0\"></span>plie<span class=\"_ _0\"></span>d on the ba<span class=\"_ _0\"></span>sis that asse<span class=\"_ _0\"></span>ts will not be re<span class=\"_ _0\"></span>-<span class=\"_ _3\"></span>rated or moved o<span class=\"_ _0\"></span>ut of defaul<span class=\"_ _0\"></span>t until the<span class=\"_ _0\"></span>re is evide<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e of stabl<span class=\"_ _0\"></span>e and imp<span class=\"_ _0\"></span>roved pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>man<span class=\"_ _0\"></span>ce.<span class=\"_ _3b2\"> </span>In ord<span class=\"_ _0\"></span>er to dete<span class=\"_ _0\"></span>rmi<span class=\"_ _0\"></span>ne 1<span class=\"_ _1\"></span>2-<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>h or lifeti<span class=\"_ _0\"></span>me P<span class=\"_ _0\"></span>Ds th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p\u2019s mod<span class=\"_ _0\"></span>els u<span class=\"_ _0\"></span>tilise hi<span class=\"_ _0\"></span>stori<span class=\"_ _0\"></span>cal d<span class=\"_ _0\"></span>ata ob<span class=\"_ _0\"></span>tain<span class=\"_ _0\"></span>ed fro<span class=\"_ _0\"></span>m S<span class=\"_ _0\"></span>&amp;<span class=\"_ _0\"></span>P an<span class=\"_ _0\"></span>d Mo<span class=\"_ _0\"></span>ody<span class=\"_ _3\"></span>\u2019s in order to eval<span class=\"_ _0\"></span>uate tran<span class=\"_ _0\"></span>siti<span class=\"_ _0\"></span>ons (i.e<span class=\"_ _0\"></span>. the pro<span class=\"_ _0\"></span>babi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y that a se<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>es ratin<span class=\"_ _0\"></span>g in a given year) and defau<span class=\"_ _0\"></span>lts<span class=\"_ _0\"></span>, plus sc<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ario<span class=\"_ _3\"></span>-<span class=\"_ _0\"></span>spe<span class=\"_ _0\"></span>cif<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>c annua<span class=\"_ _0\"></span>l scali<span class=\"_ _0\"></span>ng factor<span class=\"_ _0\"></span>s whic<span class=\"_ _0\"></span>h adjus<span class=\"_ _0\"></span>t the PDs for for<span class=\"_ _0\"></span>wa<span class=\"_ _0\"></span>rd<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>ok<span class=\"_ _0\"></span>ing infor<span class=\"_ _0\"></span>mati<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>. The f<span class=\"_ _0\"></span>inal P<span class=\"_ _0\"></span>Ds prod<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>ed by the mo<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>l are unco<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal<span class=\"_ _0\"></span>, i.e. the<span class=\"_ _0\"></span>y inco<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ate both the pro<span class=\"_ _0\"></span>babi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y of not defaul<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g until the st<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>t of the pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>, and the sub<span class=\"_ _0\"></span>seq<span class=\"_ _0\"></span>uen<span class=\"_ _0\"></span>t prob<span class=\"_ _0\"></span>abili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y of default in that p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>, con<span class=\"_ _0\"></span>diti<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>l on the pos<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>n not havin<span class=\"_ _0\"></span>g defaul<span class=\"_ _0\"></span>ted to that point<span class=\"_ _0\"></span>. This all<span class=\"_ _0\"></span>ows them to be sum<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>d over 1<span class=\"_ _1\"></span>2 months to provid<span class=\"_ _0\"></span>e 1<span class=\"_ _1\"></span>2-<span class=\"_ _0\"></span>mon<span class=\"_ _0\"></span>th PD esti<span class=\"_ _0\"></span>mates<span class=\"_ _0\"></span>, or over all remai<span class=\"_ _0\"></span>nin<span class=\"_ _0\"></span>g mont<span class=\"_ _0\"></span>hs to produc<span class=\"_ _0\"></span>e lifetim<span class=\"_ _0\"></span>e PD estimat<span class=\"_ _1\"></span>es.<span class=\"_ _3b2\"> </span>LGD is the magni<span class=\"_ _0\"></span>tud<span class=\"_ _0\"></span>e of the likely los<span class=\"_ _0\"></span>s if there is a defaul<span class=\"_ _0\"></span>t, ba<span class=\"_ _0\"></span>sed on th<span class=\"_ _0\"></span>e histor<span class=\"_ _3\"></span>y of <span class=\"_ _1\"></span>rec<span class=\"_ _0\"></span>over<span class=\"_ _3\"></span>y rates of <span class=\"_ _1\"></span>clai<span class=\"_ _0\"></span>ms agai<span class=\"_ _0\"></span>nst defau<span class=\"_ _0\"></span>lted c<span class=\"_ _0\"></span>ounter<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s, an<span class=\"_ _0\"></span>d tak<span class=\"_ _0\"></span>ing into acc<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nt coll<span class=\"_ _0\"></span>ateral valu<span class=\"_ _0\"></span>es whe<span class=\"_ _0\"></span>re app<span class=\"_ _0\"></span>lic<span class=\"_ _0\"></span>able<span class=\"_ _0\"></span>. E<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>D rep<span class=\"_ _0\"></span>rese<span class=\"_ _0\"></span>nts the exp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>cted exp<span class=\"_ _0\"></span>osu<span class=\"_ _0\"></span>re in the event of a defaul<span class=\"_ _0\"></span>t. Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p estim<span class=\"_ _0\"></span>ates LGD base<span class=\"_ _0\"></span>d on the histor<span class=\"_ _3\"></span>y of recover<span class=\"_ _3\"></span>y rates of <span class=\"_ _1\"></span>clai<span class=\"_ _0\"></span>ms agai<span class=\"_ _0\"></span>nst defaul<span class=\"_ _0\"></span>ted co<span class=\"_ _0\"></span>unter<span class=\"_ _0\"></span>par<span class=\"_ _3\"></span>ties. A<span class=\"_ _0\"></span>pp<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>riate hairc<span class=\"_ _0\"></span>uts are ap<span class=\"_ _0\"></span>plie<span class=\"_ _0\"></span>d to baselin<span class=\"_ _0\"></span>e unse<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>red LGDs an<span class=\"_ _0\"></span>d used in co<span class=\"_ _0\"></span>njun<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on wit<span class=\"_ _0\"></span>h forec<span class=\"_ _0\"></span>ast co<span class=\"_ _0\"></span>llater<span class=\"_ _0\"></span>al value<span class=\"_ _0\"></span>s to esti<span class=\"_ _0\"></span>mate LGD for assets se<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>ed by coll<span class=\"_ _0\"></span>ateral<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e Group ha<span class=\"_ _0\"></span>s adopte<span class=\"_ _0\"></span>d a simplif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d app<span class=\"_ _0\"></span>roac<span class=\"_ _0\"></span>h for trade re<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ivab<span class=\"_ _0\"></span>les<span class=\"_ _0\"></span>, con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>t asse<span class=\"_ _0\"></span>ts and f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>ce an<span class=\"_ _0\"></span>d ope<span class=\"_ _0\"></span>ratin<span class=\"_ _0\"></span>g lease re<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ivab<span class=\"_ _0\"></span>les<span class=\"_ _0\"></span>. This all<span class=\"_ _0\"></span>ows meas<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t of lifetime ECL<span class=\"_ _0\"></span>s onl<span class=\"_ _0\"></span>y, thereby rem<span class=\"_ _0\"></span>ovin<span class=\"_ _0\"></span>g the ne<span class=\"_ _0\"></span>ed to iden<span class=\"_ _0\"></span>tif<span class=\"_ _0\"></span>y SI<span class=\"_ _0\"></span>CRs<span class=\"_ _0\"></span>. For the<span class=\"_ _0\"></span>se bala<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>s, th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p makes use of provisio<span class=\"_ _0\"></span>n matr<span class=\"_ _0\"></span>ice<span class=\"_ _0\"></span>s in orde<span class=\"_ _0\"></span>r to calcu<span class=\"_ _0\"></span>late such lifeti<span class=\"_ _0\"></span>me EC<span class=\"_ _0\"></span>Ls<span class=\"_ _0\"></span>. This is a prac<span class=\"_ _0\"></span>tic<span class=\"_ _0\"></span>al exp<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>ent all<span class=\"_ _0\"></span>owed by IFR<span class=\"_ _0\"></span>S 9 where<span class=\"_ _0\"></span>by histori<span class=\"_ _0\"></span>cal cr<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>t loss ex<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e and fi<span class=\"_ _0\"></span>xed loss<span class=\"_ _0\"></span> rates are appl<span class=\"_ _0\"></span>ied to the bala<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>s out<span class=\"_ _0\"></span>stan<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>g. Histo<span class=\"_ _0\"></span>ric<span class=\"_ _0\"></span>al los<span class=\"_ _0\"></span>s rates are adjuste<span class=\"_ _0\"></span>d to allow for f<span class=\"_ _1\"></span>or<span class=\"_ _0\"></span>war<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>ok<span class=\"_ _0\"></span>ing infor<span class=\"_ _0\"></span>mati<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Intan<span class=\"_ _0\"></span>gib<span class=\"_ _0\"></span>le asse<span class=\"_ _0\"></span>ts are tested for impa<span class=\"_ _0\"></span>irm<span class=\"_ _0\"></span>ent ei<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r indi<span class=\"_ _0\"></span>vid<span class=\"_ _0\"></span>uall<span class=\"_ _0\"></span>y or at the cash<span class=\"_ _3\"></span>-<span class=\"_ _0\"></span>gen<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ating un<span class=\"_ _0\"></span>it leve<span class=\"_ _0\"></span>l. Inta<span class=\"_ _0\"></span>ngib<span class=\"_ _0\"></span>le asse<span class=\"_ _0\"></span>ts with in<span class=\"_ _0\"></span>def<span class=\"_ _0\"></span>ini<span class=\"_ _0\"></span>te useful live<span class=\"_ _0\"></span>s and intan<span class=\"_ _0\"></span>gib<span class=\"_ _0\"></span>le asse<span class=\"_ _0\"></span>ts not yet availab<span class=\"_ _0\"></span>le for use are tested for imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt at least an<span class=\"_ _0\"></span>nuall<span class=\"_ _0\"></span>y, or wheneve<span class=\"_ _0\"></span>r events o<span class=\"_ _0\"></span>r chan<span class=\"_ _0\"></span>ges in cir<span class=\"_ _0\"></span>cum<span class=\"_ _0\"></span>stan<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>s indic<span class=\"_ _0\"></span>ate that the c<span class=\"_ _0\"></span>arr<span class=\"_ _3\"></span>ying am<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nt may not be rec<span class=\"_ _0\"></span>overa<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span>. Intan<span class=\"_ _0\"></span>gibl<span class=\"_ _0\"></span>e asset<span class=\"_ _0\"></span>s with f<span class=\"_ _0\"></span>inite usef<span class=\"_ _0\"></span>ul lives are tested wh<span class=\"_ _0\"></span>en the<span class=\"_ _0\"></span>re are indi<span class=\"_ _0\"></span>cati<span class=\"_ _0\"></span>ons of imp<span class=\"_ _0\"></span>airm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t. Th<span class=\"_ _0\"></span>e recove<span class=\"_ _0\"></span>rab<span class=\"_ _0\"></span>le amo<span class=\"_ _0\"></span>unt is the hi<span class=\"_ _0\"></span>ghe<span class=\"_ _0\"></span>r of an asset<span class=\"_ _0\"></span>\u2019s fair value less c<span class=\"_ _0\"></span>osts to sell an<span class=\"_ _0\"></span>d its value in us<span class=\"_ _0\"></span>e.<span class=\"_ _3b2\"> </span>An im<span class=\"_ _0\"></span>pair<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt revie<span class=\"_ _0\"></span>w of Prope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, plant and eq<span class=\"_ _0\"></span>uipm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t not car<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>d at fair value is pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>form<span class=\"_ _0\"></span>ed wh<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ever even<span class=\"_ _0\"></span>ts or cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>s in circu<span class=\"_ _0\"></span>mst<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>es indi<span class=\"_ _0\"></span>cate that the<span class=\"_ _0\"></span>ir car<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 may not be rec<span class=\"_ _0\"></span>overa<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span>. Whe<span class=\"_ _0\"></span>re the ca<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing am<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nt of an asset is greater tha<span class=\"_ _0\"></span>n its esti<span class=\"_ _0\"></span>mated re<span class=\"_ _0\"></span>cover<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e amo<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>, whic<span class=\"_ _0\"></span>h is the highe<span class=\"_ _0\"></span>r of the asset<span class=\"_ _0\"></span>s fair value le<span class=\"_ _0\"></span>ss cos<span class=\"_ _0\"></span>ts of dispos<span class=\"_ _0\"></span>al and valu<span class=\"_ _0\"></span>e in use, i<span class=\"_ _0\"></span>t is writ<span class=\"_ _0\"></span>ten down im<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>diatel<span class=\"_ _0\"></span>y to its recover<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e amo<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>, with an imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt loss re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed in the C<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>olid<span class=\"_ _0\"></span>ated Inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e S<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-675": {
   "value": "Impairment<span class=\"_ _1\"></span> of financi<span class=\"_ _1\"></span>al ass<span class=\"_ _1\"></span>ets<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p asse<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s on a for<span class=\"_ _0\"></span>wa<span class=\"_ _0\"></span>rd<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>ok<span class=\"_ _0\"></span>ing b<span class=\"_ _0\"></span>asis th<span class=\"_ _0\"></span>e exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted cre<span class=\"_ _0\"></span>dit l<span class=\"_ _0\"></span>oss (<span class=\"_ _0\"></span>ECL) a<span class=\"_ _0\"></span>sso<span class=\"_ _0\"></span>ciated w<span class=\"_ _0\"></span>ith i<span class=\"_ _0\"></span>ts f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s meas<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>d at amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>ed c<span class=\"_ _0\"></span>ost<span class=\"_ _0\"></span> and F<span class=\"_ _3\"></span>VOCI<span class=\"_ _0\"></span>, and rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>s a loss allowan<span class=\"_ _0\"></span>ce for su<span class=\"_ _0\"></span>ch los<span class=\"_ _0\"></span>ses at eac<span class=\"_ _0\"></span>h repo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng date. E<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted cre<span class=\"_ _0\"></span>dit lo<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s are defi<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>d as the prese<span class=\"_ _0\"></span>nt valu<span class=\"_ _0\"></span>e of the dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nce b<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n all cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>tual c<span class=\"_ _0\"></span>ash fl<span class=\"_ _0\"></span>ows that are due and all c<span class=\"_ _0\"></span>ash fl<span class=\"_ _0\"></span>ows that the en<span class=\"_ _0\"></span>tit<span class=\"_ _0\"></span>y exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ts to recei<span class=\"_ _0\"></span>ve (i.e. th<span class=\"_ _0\"></span>e cash sh<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>tfall<span class=\"_ _0\"></span>), weigh<span class=\"_ _0\"></span>ted base<span class=\"_ _0\"></span>d on thei<span class=\"_ _0\"></span>r prob<span class=\"_ _0\"></span>abili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y of occu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e. Th<span class=\"_ _0\"></span>e loss all<span class=\"_ _0\"></span>owanc<span class=\"_ _0\"></span>e rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ised un<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r IFR<span class=\"_ _0\"></span>S 9 can be equ<span class=\"_ _0\"></span>al to an amoun<span class=\"_ _0\"></span>t cor<span class=\"_ _0\"></span>resp<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ding to a 1<span class=\"_ _1\"></span>2-m<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>th ECL or a lifeti<span class=\"_ _0\"></span>me ECL<span class=\"_ _0\"></span>. A lifetim<span class=\"_ _0\"></span>e ECL is the EC<span class=\"_ _0\"></span>L resul<span class=\"_ _0\"></span>ting fro<span class=\"_ _0\"></span>m all pos<span class=\"_ _0\"></span>sibl<span class=\"_ _0\"></span>e defaul<span class=\"_ _0\"></span>t events over th<span class=\"_ _0\"></span>e expe<span class=\"_ _0\"></span>cted life of the fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>; a 1<span class=\"_ _1\"></span>2-m<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>h ECL is the po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on of lifetim<span class=\"_ _0\"></span>e ECL resu<span class=\"_ _0\"></span>ltin<span class=\"_ _0\"></span>g from defau<span class=\"_ _0\"></span>lt even<span class=\"_ _0\"></span>ts on a fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial asse<span class=\"_ _0\"></span>t that are pos<span class=\"_ _0\"></span>sibl<span class=\"_ _0\"></span>e withi<span class=\"_ _0\"></span>n the 1<span class=\"_ _1\"></span>2 months af<span class=\"_ _0\"></span>ter th<span class=\"_ _0\"></span>e repo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g date. For a fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial ass<span class=\"_ _0\"></span>et that is cre<span class=\"_ _0\"></span>dit-<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>pai<span class=\"_ _0\"></span>red at the rep<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>ting date, bu<span class=\"_ _0\"></span>t that is not a purc<span class=\"_ _0\"></span>hase<span class=\"_ _0\"></span>d or ori<span class=\"_ _0\"></span>ginate<span class=\"_ _0\"></span>d credi<span class=\"_ _0\"></span>t-<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>paire<span class=\"_ _0\"></span>d fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial asse<span class=\"_ _0\"></span>t, ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cted cre<span class=\"_ _0\"></span>dit lo<span class=\"_ _0\"></span>sses are m<span class=\"_ _0\"></span>easu<span class=\"_ _0\"></span>red as the dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en the ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>\u2019s gross car<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 and the pre<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>t value of estim<span class=\"_ _0\"></span>ated fu<span class=\"_ _0\"></span>ture cas<span class=\"_ _0\"></span>h flows<span class=\"_ _0\"></span>, disc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ted at the fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial asse<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>\u2019s origin<span class=\"_ _0\"></span>al effe<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ve interes<span class=\"_ _0\"></span>t rate. Any adjus<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent is rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in profi<span class=\"_ _0\"></span>t or los<span class=\"_ _0\"></span>s as an impair<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt gain or l<span class=\"_ _0\"></span>oss<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Group d<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>nes defa<span class=\"_ _0\"></span>ult on a f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial ass<span class=\"_ _0\"></span>et as the ina<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y to meet in full an<span class=\"_ _0\"></span>d on time an or<span class=\"_ _0\"></span>igin<span class=\"_ _0\"></span>al prom<span class=\"_ _0\"></span>ise of expe<span class=\"_ _0\"></span>cted c<span class=\"_ _0\"></span>ash fl<span class=\"_ _0\"></span>ows, th<span class=\"_ _0\"></span>e amou<span class=\"_ _0\"></span>nt and timi<span class=\"_ _0\"></span>ng of which are d<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>d with ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tai<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>y. <span class=\"_ _1\"></span>Any b<span class=\"_ _0\"></span>reac<span class=\"_ _0\"></span>h of this promis<span class=\"_ _0\"></span>e, by any amou<span class=\"_ _0\"></span>nt or tim<span class=\"_ _0\"></span>e (in excess of any potenti<span class=\"_ _0\"></span>al plan<span class=\"_ _0\"></span>ned gr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>e per<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d), c<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>titu<span class=\"_ _0\"></span>tes a default<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>is is consi<span class=\"_ _0\"></span>stent wit<span class=\"_ _0\"></span>h the def<span class=\"_ _0\"></span>ini<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of default use<span class=\"_ _0\"></span>d for intern<span class=\"_ _0\"></span>al cre<span class=\"_ _0\"></span>dit ris<span class=\"_ _0\"></span>k manag<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent pu<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>s. An as<span class=\"_ _0\"></span>set is cre<span class=\"_ _0\"></span>dit-<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>paire<span class=\"_ _0\"></span>d whe<span class=\"_ _0\"></span>n one or m<span class=\"_ _0\"></span>ore event<span class=\"_ _0\"></span>s that have a detri<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>tal imp<span class=\"_ _0\"></span>act o<span class=\"_ _0\"></span>n the esti<span class=\"_ _0\"></span>mated fu<span class=\"_ _0\"></span>ture cas<span class=\"_ _0\"></span>h fl<span class=\"_ _0\"></span>ows of that finan<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>l asset have oc<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>red<span class=\"_ _0\"></span>. Evide<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e that a fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial asse<span class=\"_ _0\"></span>t is credi<span class=\"_ _0\"></span>t-<span class=\"_ _0\"></span>imp<span class=\"_ _0\"></span>aire<span class=\"_ _0\"></span>d incl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>s the followi<span class=\"_ _0\"></span>ng obse<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ble dat<span class=\"_ _0\"></span>a:<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">signi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>can<span class=\"_ _0\"></span>t fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial di<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>cul<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y of the b<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>rower<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">a breac<span class=\"_ _0\"></span>h of contr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>, suc<span class=\"_ _0\"></span>h as a default or pas<span class=\"_ _0\"></span>t due eve<span class=\"_ _0\"></span>nt<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">the res<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>uct<span class=\"_ _0\"></span>ure of a lo<span class=\"_ _0\"></span>an by the G<span class=\"_ _0\"></span>roup o<span class=\"_ _0\"></span>n ter<span class=\"_ _0\"></span>ms whi<span class=\"_ _0\"></span>ch it wo<span class=\"_ _0\"></span>uld n<span class=\"_ _0\"></span>ot othe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>wise c<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">it be<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>mes p<span class=\"_ _0\"></span>roba<span class=\"_ _0\"></span>ble that th<span class=\"_ _0\"></span>e bor<span class=\"_ _0\"></span>rower will en<span class=\"_ _0\"></span>ter bank<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>ptcy or othe<span class=\"_ _0\"></span>r fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial reo<span class=\"_ _0\"></span>rga<span class=\"_ _0\"></span>nisati<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></span>A fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al asse<span class=\"_ _0\"></span>t is writ<span class=\"_ _0\"></span>ten of<span class=\"_ _0\"></span>f when th<span class=\"_ _0\"></span>ere is no reas<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>ble exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tati<span class=\"_ _0\"></span>on of recove<span class=\"_ _0\"></span>rin<span class=\"_ _0\"></span>g the co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>ctu<span class=\"_ _0\"></span>al cash f<span class=\"_ _0\"></span>lows<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e ECL mo<span class=\"_ _0\"></span>del is ru<span class=\"_ _0\"></span>n from th<span class=\"_ _0\"></span>e date of <span class=\"_ _1\"></span>ini<span class=\"_ _0\"></span>tial rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>niti<span class=\"_ _0\"></span>on of a fina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al asset<span class=\"_ _0\"></span>, and it<span class=\"_ _0\"></span>s outp<span class=\"_ _0\"></span>ut up<span class=\"_ _0\"></span>dated at ever<span class=\"_ _3\"></span>y repor<span class=\"_ _3\"></span>ting p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>, even if no actu<span class=\"_ _0\"></span>al los<span class=\"_ _0\"></span>s events have taken pl<span class=\"_ _0\"></span>ace<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e impac<span class=\"_ _0\"></span>t of updati<span class=\"_ _0\"></span>ng the in<span class=\"_ _0\"></span>put<span class=\"_ _0\"></span>s of the ECL mod<span class=\"_ _0\"></span>el in the re<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g per<span class=\"_ _0\"></span>iod is re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d in prof<span class=\"_ _0\"></span>it or lo<span class=\"_ _0\"></span>ss dire<span class=\"_ _0\"></span>ctl<span class=\"_ _0\"></span>y where i<span class=\"_ _0\"></span>t affe<span class=\"_ _0\"></span>cts the c<span class=\"_ _0\"></span>arr<span class=\"_ _3\"></span>yin<span class=\"_ _0\"></span>g value of fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial asse<span class=\"_ _0\"></span>ts at amor<span class=\"_ _3\"></span>tise<span class=\"_ _0\"></span>d cost<span class=\"_ _0\"></span>, whil<span class=\"_ _0\"></span>e for assets at F<span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>OCI an e<span class=\"_ _0\"></span>qual an<span class=\"_ _0\"></span>d opp<span class=\"_ _0\"></span>osi<span class=\"_ _0\"></span>te moveme<span class=\"_ _0\"></span>nt is reco<span class=\"_ _0\"></span>rde<span class=\"_ _0\"></span>d in othe<span class=\"_ _0\"></span>r comprehen<span class=\"_ _1\"></span>siv<span class=\"_ _1\"></span>e incom<span class=\"_ _1\"></span>e. In orde<span class=\"_ _0\"></span>r to determi<span class=\"_ _0\"></span>ne whe<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r the Gro<span class=\"_ _0\"></span>up meas<span class=\"_ _0\"></span>ures EC<span class=\"_ _0\"></span>Ls at an am<span class=\"_ _0\"></span>ount e<span class=\"_ _0\"></span>qual to 1<span class=\"_ _1\"></span>2-<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>nth ECL o<span class=\"_ _0\"></span>r lifetime EC<span class=\"_ _0\"></span>L<span class=\"_ _0\"></span>, at each re<span class=\"_ _0\"></span>por<span class=\"_ _3\"></span>ting pe<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>od the Gr<span class=\"_ _0\"></span>oup<span class=\"_ _0\"></span> is requi<span class=\"_ _0\"></span>red to asses<span class=\"_ _0\"></span>s which \u2018st<span class=\"_ _0\"></span>age\u2019 a f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial as<span class=\"_ _0\"></span>set falls into. S<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ges ref<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>ct the g<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>ral pat<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>n of deteri<span class=\"_ _0\"></span>orat<span class=\"_ _0\"></span>ion in cre<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t risk of a fina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al inst<span class=\"_ _0\"></span>rum<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t that ulti<span class=\"_ _0\"></span>mately defa<span class=\"_ _0\"></span>ults<span class=\"_ _0\"></span>, as follows:<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">S<span class=\"_ _0\"></span>tag<span class=\"_ _0\"></span>e 1 inclu<span class=\"_ _0\"></span>des f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>ally he<span class=\"_ _0\"></span>althy f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al assets th<span class=\"_ _0\"></span>at are expe<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d to <span class=\"_ _1\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>m in line with th<span class=\"_ _0\"></span>eir c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>ual term<span class=\"_ _0\"></span>s, and wh<span class=\"_ _0\"></span>ich have no sig<span class=\"_ _0\"></span>ns </span>of<span class=\"_ gsec\"> </span>inc<span class=\"_ _0\"></span>rease<span class=\"_ _0\"></span>d cred<span class=\"_ _0\"></span>it ris<span class=\"_ _0\"></span>k<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>age 2 includ<span class=\"_ _0\"></span>es fina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al assets for which a <span class=\"_ _1\"></span>signi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>nt increa<span class=\"_ _0\"></span>se in <span class=\"_ _1\"></span>cre<span class=\"_ _0\"></span>dit risk has occ<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>red sinc<span class=\"_ _0\"></span>e initial rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>, but which are not <span class=\"_ _1\"></span>cre<span class=\"_ _0\"></span>dit-<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>mpai<span class=\"_ _0\"></span>red<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">S<span class=\"_ _0\"></span>tag<span class=\"_ _0\"></span>e 3 applie<span class=\"_ _0\"></span>s to credit-<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>mpai<span class=\"_ _0\"></span>red f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial in<span class=\"_ _0\"></span>str<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></span>Wh<span class=\"_ _0\"></span>en fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial ass<span class=\"_ _0\"></span>ets are un<span class=\"_ _0\"></span>der S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>age 1, <span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>2-<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>nth EC<span class=\"_ _0\"></span>Ls are re<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 fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial asse<span class=\"_ _0\"></span>ts are unde<span class=\"_ _0\"></span>r S<span class=\"_ _0\"></span>tag<span class=\"_ _0\"></span>e 2 or 3, lifetim<span class=\"_ _0\"></span>e ECL<span class=\"_ _0\"></span>s are rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d. An in<span class=\"_ _0\"></span>str<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ent move<span class=\"_ _0\"></span>s down (or up<span class=\"_ _1\"></span>) the stag<span class=\"_ _0\"></span>es whe<span class=\"_ _0\"></span>n a signif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant in<span class=\"_ _0\"></span>creas<span class=\"_ _0\"></span>e in cred<span class=\"_ _0\"></span>it ris<span class=\"_ _0\"></span>k (SICR) has hap<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ned (or has rever<span class=\"_ _0\"></span>sed<span class=\"_ _0\"></span>). Wh<span class=\"_ _0\"></span>en deter<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ning wh<span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span>er the cre<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t risk of a fina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al instr<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ent has in<span class=\"_ _0\"></span>cre<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>d signif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>antl<span class=\"_ _0\"></span>y sinc<span class=\"_ _0\"></span>e init<span class=\"_ _0\"></span>ial rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>niti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>, the Grou<span class=\"_ _0\"></span>p con<span class=\"_ _0\"></span>side<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span> reaso<span class=\"_ _0\"></span>nab<span class=\"_ _0\"></span>le and su<span class=\"_ _0\"></span>ppo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ble infor<span class=\"_ _0\"></span>mati<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>, both qua<span class=\"_ _0\"></span>litat<span class=\"_ _0\"></span>ive and qua<span class=\"_ _0\"></span>ntit<span class=\"_ _0\"></span>ative<span class=\"_ _0\"></span>, that is releva<span class=\"_ _0\"></span>nt and is availab<span class=\"_ _0\"></span>le with<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>t undu<span class=\"_ _0\"></span>e cos<span class=\"_ _0\"></span>t or effo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>, incl<span class=\"_ _0\"></span>udin<span class=\"_ _0\"></span>g for<span class=\"_ _0\"></span>ward<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>oo<span class=\"_ _0\"></span>kin<span class=\"_ _0\"></span>g inform<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n at its dispo<span class=\"_ _0\"></span>sal<span class=\"_ _0\"></span>. Key indic<span class=\"_ _0\"></span>ators use<span class=\"_ _0\"></span>d in orde<span class=\"_ _0\"></span>r to determi<span class=\"_ _0\"></span>ne whe<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r a SIC<span class=\"_ _0\"></span>R has occ<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>red (eithe<span class=\"_ _0\"></span>r in isol<span class=\"_ _0\"></span>ation o<span class=\"_ _0\"></span>r in combination) <span class=\"_ _1\"></span>are:<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">deter<span class=\"_ _0\"></span>ior<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n in rating gr<span class=\"_ _0\"></span>ade be<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n origi<span class=\"_ _0\"></span>natio<span class=\"_ _0\"></span>n date and rep<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ing date. T<span class=\"_ _0\"></span>he level of dete<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>ratio<span class=\"_ _0\"></span>n requ<span class=\"_ _0\"></span>ired by an ind<span class=\"_ _0\"></span>ivid<span class=\"_ _0\"></span>ual ass<span class=\"_ _0\"></span>et is deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ed </span>usin<span class=\"_ _0\"></span>g a relati<span class=\"_ _0\"></span>ve ratin<span class=\"_ _0\"></span>g matr<span class=\"_ _0\"></span>ix<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">exp<span class=\"_ _0\"></span>osure is i<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>ntif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d on th<span class=\"_ _0\"></span>e invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>rs\u2019 \u2018<span class=\"_ _0\"></span>watchlis<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>\u2019<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">exp<span class=\"_ _0\"></span>osure is i<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>ntif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d on inte<span class=\"_ _0\"></span>rnal \u2018c<span class=\"_ _0\"></span>red<span class=\"_ _0\"></span>it watchl<span class=\"_ _0\"></span>ists\u2019<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">a manua<span class=\"_ _0\"></span>l shif<span class=\"_ _0\"></span>t of an expo<span class=\"_ _0\"></span>sure to S<span class=\"_ _0\"></span>tage 2 on an exce<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>nal basis (whe<span class=\"_ _0\"></span>re requi<span class=\"_ _0\"></span>red<span class=\"_ _0\"></span>, using ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt jud<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t).<span class=\"_ _3b2\"> </span></span>Th<span class=\"_ _0\"></span>e provis<span class=\"_ _0\"></span>ions of I<span class=\"_ _0\"></span>FR<span class=\"_ _0\"></span>S 9 inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>e a reb<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ble p<span class=\"_ _0\"></span>resu<span class=\"_ _0\"></span>mptio<span class=\"_ _0\"></span>n that t<span class=\"_ _0\"></span>he cre<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t risk o<span class=\"_ _0\"></span>n a f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial a<span class=\"_ _0\"></span>sset h<span class=\"_ _0\"></span>as in<span class=\"_ _0\"></span>creas<span class=\"_ _0\"></span>ed si<span class=\"_ _0\"></span>gnif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>antl<span class=\"_ _0\"></span>y sin<span class=\"_ _0\"></span>ce in<span class=\"_ _0\"></span>itia<span class=\"_ _0\"></span>l rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>on whe<span class=\"_ _0\"></span>n con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>tual pay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts are mo<span class=\"_ _0\"></span>re than 30 days pas<span class=\"_ _0\"></span>t due<span class=\"_ _0\"></span>, whic<span class=\"_ _0\"></span>h is taken into acco<span class=\"_ _0\"></span>unt for this ass<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p makes u<span class=\"_ _0\"></span>se of a pra<span class=\"_ _0\"></span>ctic<span class=\"_ _0\"></span>al ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>die<span class=\"_ _0\"></span>nt availab<span class=\"_ _0\"></span>le in I<span class=\"_ _0\"></span>FR<span class=\"_ _0\"></span>S 9 whe<span class=\"_ _0\"></span>reby i<span class=\"_ _0\"></span>t can b<span class=\"_ _0\"></span>e ass<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>d that t<span class=\"_ _0\"></span>he cr<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>t risk o<span class=\"_ _0\"></span>n a f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>l inst<span class=\"_ _0\"></span>rum<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t has<span class=\"_ gsec\"> </span>not<span class=\"_ gsec\"> </span>i<span class=\"_ _0\"></span>ncre<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>d signif<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>can<span class=\"_ _0\"></span>tly sin<span class=\"_ _0\"></span>ce ini<span class=\"_ _0\"></span>tial rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>niti<span class=\"_ _0\"></span>on if the f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al instr<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ent is de<span class=\"_ _0\"></span>termi<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>d to have <span class=\"_ _1\"></span>low cre<span class=\"_ _0\"></span>dit ris<span class=\"_ _0\"></span>k at the repo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng date (e.g.<span class=\"_ gsec\"> </span>investm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t grade as de<span class=\"_ _0\"></span>term<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d by the Group<span class=\"_ _0\"></span>\u2019s asset manag<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s). <span class=\"_ _1\"></span>This all<span class=\"_ _0\"></span>ows reco<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of 1<span class=\"_ _1\"></span>2-m<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>h ECL<span class=\"_ _0\"></span>s as oppo<span class=\"_ _0\"></span>sed to, poten<span class=\"_ _0\"></span>tiall<span class=\"_ _0\"></span>y, lifetim<span class=\"_ _0\"></span>e ECL<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>his is dee<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>d to be the case wh<span class=\"_ _0\"></span>ere asse<span class=\"_ _0\"></span>ts that have be<span class=\"_ _0\"></span>en down<span class=\"_ _0\"></span>gra<span class=\"_ _0\"></span>ded re<span class=\"_ _0\"></span>main of go<span class=\"_ _0\"></span>od cre<span class=\"_ _0\"></span>dit qu<span class=\"_ _0\"></span>alit<span class=\"_ _0\"></span>y (i<span class=\"_ _0\"></span>.e. invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt grad<span class=\"_ _0\"></span>e as<span class=\"_ gsec\"> </span>deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ed by the Gro<span class=\"_ _0\"></span>up\u2019s asset ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>ers) as at the repor<span class=\"_ _3\"></span>ting date, to the ex<span class=\"_ _0\"></span>tent th<span class=\"_ _0\"></span>at, whe<span class=\"_ _0\"></span>re rele<span class=\"_ _0\"></span>vant<span class=\"_ _0\"></span>, the Gro<span class=\"_ _0\"></span>up\u2019s internal c<span class=\"_ _0\"></span>redi<span class=\"_ _0\"></span>t risk rat<span class=\"_ _0\"></span>ings<span class=\"_ _0\"></span> are con<span class=\"_ _0\"></span>side<span class=\"_ _0\"></span>red to be co<span class=\"_ _0\"></span>nsiste<span class=\"_ _0\"></span>nt with a glo<span class=\"_ _0\"></span>ball<span class=\"_ _0\"></span>y unde<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>tood def<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>n of \u2018l<span class=\"_ _0\"></span>ow credi<span class=\"_ _0\"></span>t risk<span class=\"_ _3\"></span>\u2019<span class=\"_ _1\"></span>.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Group es<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>ates ECL<span class=\"_ _0\"></span>s on its fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nts at amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>ed co<span class=\"_ _0\"></span>st and de<span class=\"_ _0\"></span>bt ins<span class=\"_ _0\"></span>tru<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts at F<span class=\"_ _0\"></span>VO<span class=\"_ _0\"></span>CI whic<span class=\"_ _0\"></span>h are not cre<span class=\"_ _0\"></span>dit-<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>mpai<span class=\"_ _0\"></span>red by usin<span class=\"_ _0\"></span>g the pro<span class=\"_ _0\"></span>bab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y of defaul<span class=\"_ _0\"></span>t appro<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>h. Bas<span class=\"_ _0\"></span>ed on this m<span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>, the ECL<span class=\"_ _0\"></span>s are a proba<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>-we<span class=\"_ _0\"></span>ighted es<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>ate of <span class=\"_ _1\"></span>the pre<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>t value of estim<span class=\"_ _0\"></span>ated cas<span class=\"_ _0\"></span>h sho<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>falls<span class=\"_ _0\"></span>, i.e. th<span class=\"_ _0\"></span>e weighted aver<span class=\"_ _0\"></span>age of cred<span class=\"_ _0\"></span>it los<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>, with th<span class=\"_ _0\"></span>e respe<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ive risk<span class=\"_ _0\"></span>s of a <span class=\"_ _1\"></span>defaul<span class=\"_ _0\"></span>t oc<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ng use<span class=\"_ _0\"></span>d as the weighti<span class=\"_ _0\"></span>ngs<span class=\"_ _0\"></span>. For this pu<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>, the key elem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s to <span class=\"_ _1\"></span>be ca<span class=\"_ _0\"></span>lcu<span class=\"_ _0\"></span>lated are the Pro<span class=\"_ _0\"></span>bab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y of Defau<span class=\"_ _0\"></span>lt (PD), i.e. th<span class=\"_ _0\"></span>e estim<span class=\"_ _0\"></span>ate of the likeliho<span class=\"_ _0\"></span>od of defaul<span class=\"_ _0\"></span>t over a given tim<span class=\"_ _0\"></span>e hor<span class=\"_ _0\"></span>izon (either<span class=\"_ _0\"></span> 1<span class=\"_ _1\"></span>2 months o<span class=\"_ _0\"></span>r lifetime); the res<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ctive Lo<span class=\"_ _0\"></span>ss Give<span class=\"_ _0\"></span>n Defaul<span class=\"_ _0\"></span>t (LGD); and the E<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>osu<span class=\"_ _0\"></span>re at Default (E<span class=\"_ _3\"></span>A<span class=\"_ _0\"></span>D).<span class=\"_ _3b2\"> </span>E<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>osur<span class=\"_ _0\"></span>es that move into S<span class=\"_ _0\"></span>tag<span class=\"_ _0\"></span>e 3 are able to transi<span class=\"_ _0\"></span>tion ba<span class=\"_ _0\"></span>ck to St<span class=\"_ _0\"></span>age 2 if the ass<span class=\"_ _0\"></span>et no lon<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>r mee<span class=\"_ _0\"></span>ts the def<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>n of default<span class=\"_ _0\"></span>. Sim<span class=\"_ _0\"></span>ilar<span class=\"_ _0\"></span>ly, exposu<span class=\"_ _0\"></span>res will re<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>tran<span class=\"_ _0\"></span>siti<span class=\"_ _0\"></span>on fro<span class=\"_ _0\"></span>m S<span class=\"_ _0\"></span>tage 2 to St<span class=\"_ _0\"></span>age 1 whe<span class=\"_ _0\"></span>re the SI<span class=\"_ _0\"></span>CR in<span class=\"_ _0\"></span>dic<span class=\"_ _0\"></span>ators no lo<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>r app<span class=\"_ _0\"></span>ly. No separate cu<span class=\"_ _0\"></span>re or prob<span class=\"_ _0\"></span>ation p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>ods are ap<span class=\"_ _0\"></span>plie<span class=\"_ _0\"></span>d on the ba<span class=\"_ _0\"></span>sis that asse<span class=\"_ _0\"></span>ts will not be re<span class=\"_ _0\"></span>-<span class=\"_ _3\"></span>rated or moved o<span class=\"_ _0\"></span>ut of defaul<span class=\"_ _0\"></span>t until the<span class=\"_ _0\"></span>re is evide<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e of stabl<span class=\"_ _0\"></span>e and imp<span class=\"_ _0\"></span>roved pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>man<span class=\"_ _0\"></span>ce.<span class=\"_ _3b2\"> </span>In ord<span class=\"_ _0\"></span>er to dete<span class=\"_ _0\"></span>rmi<span class=\"_ _0\"></span>ne 1<span class=\"_ _1\"></span>2-<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>h or lifeti<span class=\"_ _0\"></span>me P<span class=\"_ _0\"></span>Ds th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p\u2019s mod<span class=\"_ _0\"></span>els u<span class=\"_ _0\"></span>tilise hi<span class=\"_ _0\"></span>stori<span class=\"_ _0\"></span>cal d<span class=\"_ _0\"></span>ata ob<span class=\"_ _0\"></span>tain<span class=\"_ _0\"></span>ed fro<span class=\"_ _0\"></span>m S<span class=\"_ _0\"></span>&amp;<span class=\"_ _0\"></span>P an<span class=\"_ _0\"></span>d Mo<span class=\"_ _0\"></span>ody<span class=\"_ _3\"></span>\u2019s in order to eval<span class=\"_ _0\"></span>uate tran<span class=\"_ _0\"></span>siti<span class=\"_ _0\"></span>ons (i.e<span class=\"_ _0\"></span>. the pro<span class=\"_ _0\"></span>babi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y that a se<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>es ratin<span class=\"_ _0\"></span>g in a given year) and defau<span class=\"_ _0\"></span>lts<span class=\"_ _0\"></span>, plus sc<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ario<span class=\"_ _3\"></span>-<span class=\"_ _0\"></span>spe<span class=\"_ _0\"></span>cif<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>c annua<span class=\"_ _0\"></span>l scali<span class=\"_ _0\"></span>ng factor<span class=\"_ _0\"></span>s whic<span class=\"_ _0\"></span>h adjus<span class=\"_ _0\"></span>t the PDs for for<span class=\"_ _0\"></span>wa<span class=\"_ _0\"></span>rd<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>ok<span class=\"_ _0\"></span>ing infor<span class=\"_ _0\"></span>mati<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>. The f<span class=\"_ _0\"></span>inal P<span class=\"_ _0\"></span>Ds prod<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>ed by the mo<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>l are unco<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal<span class=\"_ _0\"></span>, i.e. the<span class=\"_ _0\"></span>y inco<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ate both the pro<span class=\"_ _0\"></span>babi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y of not defaul<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g until the st<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>t of the pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>, and the sub<span class=\"_ _0\"></span>seq<span class=\"_ _0\"></span>uen<span class=\"_ _0\"></span>t prob<span class=\"_ _0\"></span>abili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y of default in that p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>, con<span class=\"_ _0\"></span>diti<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>l on the pos<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>n not havin<span class=\"_ _0\"></span>g defaul<span class=\"_ _0\"></span>ted to that point<span class=\"_ _0\"></span>. This all<span class=\"_ _0\"></span>ows them to be sum<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>d over 1<span class=\"_ _1\"></span>2 months to provid<span class=\"_ _0\"></span>e 1<span class=\"_ _1\"></span>2-<span class=\"_ _0\"></span>mon<span class=\"_ _0\"></span>th PD esti<span class=\"_ _0\"></span>mates<span class=\"_ _0\"></span>, or over all remai<span class=\"_ _0\"></span>nin<span class=\"_ _0\"></span>g mont<span class=\"_ _0\"></span>hs to produc<span class=\"_ _0\"></span>e lifetim<span class=\"_ _0\"></span>e PD estimat<span class=\"_ _1\"></span>es.<span class=\"_ _3b2\"> </span>LGD is the magni<span class=\"_ _0\"></span>tud<span class=\"_ _0\"></span>e of the likely los<span class=\"_ _0\"></span>s if there is a defaul<span class=\"_ _0\"></span>t, ba<span class=\"_ _0\"></span>sed on th<span class=\"_ _0\"></span>e histor<span class=\"_ _3\"></span>y of <span class=\"_ _1\"></span>rec<span class=\"_ _0\"></span>over<span class=\"_ _3\"></span>y rates of <span class=\"_ _1\"></span>clai<span class=\"_ _0\"></span>ms agai<span class=\"_ _0\"></span>nst defau<span class=\"_ _0\"></span>lted c<span class=\"_ _0\"></span>ounter<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s, an<span class=\"_ _0\"></span>d tak<span class=\"_ _0\"></span>ing into acc<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nt coll<span class=\"_ _0\"></span>ateral valu<span class=\"_ _0\"></span>es whe<span class=\"_ _0\"></span>re app<span class=\"_ _0\"></span>lic<span class=\"_ _0\"></span>able<span class=\"_ _0\"></span>. E<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>D rep<span class=\"_ _0\"></span>rese<span class=\"_ _0\"></span>nts the exp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>cted exp<span class=\"_ _0\"></span>osu<span class=\"_ _0\"></span>re in the event of a defaul<span class=\"_ _0\"></span>t. Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p estim<span class=\"_ _0\"></span>ates LGD base<span class=\"_ _0\"></span>d on the histor<span class=\"_ _3\"></span>y of recover<span class=\"_ _3\"></span>y rates of <span class=\"_ _1\"></span>clai<span class=\"_ _0\"></span>ms agai<span class=\"_ _0\"></span>nst defaul<span class=\"_ _0\"></span>ted co<span class=\"_ _0\"></span>unter<span class=\"_ _0\"></span>par<span class=\"_ _3\"></span>ties. A<span class=\"_ _0\"></span>pp<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>riate hairc<span class=\"_ _0\"></span>uts are ap<span class=\"_ _0\"></span>plie<span class=\"_ _0\"></span>d to baselin<span class=\"_ _0\"></span>e unse<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>red LGDs an<span class=\"_ _0\"></span>d used in co<span class=\"_ _0\"></span>njun<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on wit<span class=\"_ _0\"></span>h forec<span class=\"_ _0\"></span>ast co<span class=\"_ _0\"></span>llater<span class=\"_ _0\"></span>al value<span class=\"_ _0\"></span>s to esti<span class=\"_ _0\"></span>mate LGD for assets se<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>ed by coll<span class=\"_ _0\"></span>ateral<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e Group ha<span class=\"_ _0\"></span>s adopte<span class=\"_ _0\"></span>d a simplif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d app<span class=\"_ _0\"></span>roac<span class=\"_ _0\"></span>h for trade re<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ivab<span class=\"_ _0\"></span>les<span class=\"_ _0\"></span>, con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>t asse<span class=\"_ _0\"></span>ts and f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>ce an<span class=\"_ _0\"></span>d ope<span class=\"_ _0\"></span>ratin<span class=\"_ _0\"></span>g lease re<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ivab<span class=\"_ _0\"></span>les<span class=\"_ _0\"></span>. This all<span class=\"_ _0\"></span>ows meas<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t of lifetime ECL<span class=\"_ _0\"></span>s onl<span class=\"_ _0\"></span>y, thereby rem<span class=\"_ _0\"></span>ovin<span class=\"_ _0\"></span>g the ne<span class=\"_ _0\"></span>ed to iden<span class=\"_ _0\"></span>tif<span class=\"_ _0\"></span>y SI<span class=\"_ _0\"></span>CRs<span class=\"_ _0\"></span>. For the<span class=\"_ _0\"></span>se bala<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>s, th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p makes use of provisio<span class=\"_ _0\"></span>n matr<span class=\"_ _0\"></span>ice<span class=\"_ _0\"></span>s in orde<span class=\"_ _0\"></span>r to calcu<span class=\"_ _0\"></span>late such lifeti<span class=\"_ _0\"></span>me EC<span class=\"_ _0\"></span>Ls<span class=\"_ _0\"></span>. This is a prac<span class=\"_ _0\"></span>tic<span class=\"_ _0\"></span>al exp<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>ent all<span class=\"_ _0\"></span>owed by IFR<span class=\"_ _0\"></span>S 9 where<span class=\"_ _0\"></span>by histori<span class=\"_ _0\"></span>cal cr<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>t loss ex<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e and fi<span class=\"_ _0\"></span>xed loss<span class=\"_ _0\"></span> rates are appl<span class=\"_ _0\"></span>ied to the bala<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>s out<span class=\"_ _0\"></span>stan<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>g. Histo<span class=\"_ _0\"></span>ric<span class=\"_ _0\"></span>al los<span class=\"_ _0\"></span>s rates are adjuste<span class=\"_ _0\"></span>d to allow for f<span class=\"_ _1\"></span>or<span class=\"_ _0\"></span>war<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>ok<span class=\"_ _0\"></span>ing infor<span class=\"_ _0\"></span>mati<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfFinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-703": {
   "value": "Hedge accounting<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Group us<span class=\"_ _0\"></span>es he<span class=\"_ _0\"></span>dge ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>unti<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>, provid<span class=\"_ _0\"></span>ed the pre<span class=\"_ _0\"></span>scr<span class=\"_ _0\"></span>ib<span class=\"_ _0\"></span>ed cr<span class=\"_ _0\"></span>iter<span class=\"_ _0\"></span>ia are met<span class=\"_ _0\"></span>, to reco<span class=\"_ _0\"></span>gnise th<span class=\"_ _0\"></span>e offs<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g effe<span class=\"_ _0\"></span>cts of chan<span class=\"_ _0\"></span>ges in th<span class=\"_ _0\"></span>e fair value or c<span class=\"_ _0\"></span>ash fl<span class=\"_ _0\"></span>ow of the deri<span class=\"_ _0\"></span>vative ins<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nt and th<span class=\"_ _0\"></span>e hedg<span class=\"_ _0\"></span>ed i<span class=\"_ _0\"></span>tem. He<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>e acc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ting ca<span class=\"_ _0\"></span>n be app<span class=\"_ _0\"></span>lied in o<span class=\"_ _0\"></span>rder to:<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">hed<span class=\"_ _0\"></span>ge the ex<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>ure to fair value move<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts of a recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d asset o<span class=\"_ _0\"></span>r liabili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y or an unre<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>irm c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>mitm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t, or a co<span class=\"_ _0\"></span>mpo<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>nt of any </span>suc<span class=\"_ _0\"></span>h item<span class=\"_ _0\"></span>, that is att<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>uta<span class=\"_ _0\"></span>ble to a par<span class=\"_ _0\"></span>tic<span class=\"_ _0\"></span>ular r<span class=\"_ _0\"></span>isk and co<span class=\"_ _0\"></span>uld af<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t the Co<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>lidated In<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me S<span class=\"_ _0\"></span>tate<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">hed<span class=\"_ _0\"></span>ge the ex<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>ure to variab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y in cas<span class=\"_ _0\"></span>h fl<span class=\"_ _0\"></span>ows attr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>tab<span class=\"_ _0\"></span>le to a par<span class=\"_ _0\"></span>tic<span class=\"_ _0\"></span>ular ri<span class=\"_ _0\"></span>sk asso<span class=\"_ _0\"></span>ciate<span class=\"_ _0\"></span>d with all, o<span class=\"_ _0\"></span>r a comp<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ent of, a recog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d asset o<span class=\"_ _0\"></span>r </span>liabi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y, or a highly pro<span class=\"_ _0\"></span>babl<span class=\"_ _0\"></span>e forec<span class=\"_ _0\"></span>ast tr<span class=\"_ _0\"></span>ansa<span class=\"_ _0\"></span>ctio<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>, that cou<span class=\"_ _0\"></span>ld affe<span class=\"_ _0\"></span>ct the C<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>olid<span class=\"_ _0\"></span>ated Inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e S<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nt<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">hed<span class=\"_ _0\"></span>ge the ex<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>ure to the cur<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>y risk ass<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>iated with a ne<span class=\"_ _0\"></span>t investm<span class=\"_ _0\"></span>ent in a foreig<span class=\"_ _0\"></span>n ope<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></span>Th<span class=\"_ _0\"></span>e relatio<span class=\"_ _0\"></span>nsh<span class=\"_ _0\"></span>ip bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en the he<span class=\"_ _0\"></span>dgi<span class=\"_ _0\"></span>ng ins<span class=\"_ _0\"></span>tru<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt and the he<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>ed item<span class=\"_ _0\"></span>, toge<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r with the r<span class=\"_ _0\"></span>isk mana<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t obje<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ve and str<span class=\"_ _0\"></span>ategy for und<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>taki<span class=\"_ _0\"></span>ng the he<span class=\"_ _0\"></span>dge tr<span class=\"_ _0\"></span>ansa<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>, are doc<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nted for<span class=\"_ _0\"></span>mall<span class=\"_ _0\"></span>y at the inc<span class=\"_ _0\"></span>eptio<span class=\"_ _0\"></span>n of the trans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e doc<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>ntati<span class=\"_ _0\"></span>on in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>des ide<span class=\"_ _0\"></span>ntif<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>catio<span class=\"_ _0\"></span>n of the hed<span class=\"_ _0\"></span>gin<span class=\"_ _0\"></span>g inst<span class=\"_ _0\"></span>rum<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t, the h<span class=\"_ _0\"></span>edg<span class=\"_ _0\"></span>ed ite<span class=\"_ _0\"></span>m, th<span class=\"_ _0\"></span>e nature of the risk b<span class=\"_ _0\"></span>eing h<span class=\"_ _0\"></span>edg<span class=\"_ _0\"></span>ed an<span class=\"_ _0\"></span>d how the Grou<span class=\"_ _0\"></span>p will asse<span class=\"_ _0\"></span>ss whet<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r the hed<span class=\"_ _0\"></span>gin<span class=\"_ _0\"></span>g relatio<span class=\"_ _0\"></span>nsh<span class=\"_ _0\"></span>ip me<span class=\"_ _0\"></span>ets the he<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>e ef<span class=\"_ _0\"></span>fecti<span class=\"_ _0\"></span>ven<span class=\"_ _0\"></span>ess req<span class=\"_ _0\"></span>uire<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts (inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>ing the an<span class=\"_ _0\"></span>alys<span class=\"_ _0\"></span>is of sourc<span class=\"_ _0\"></span>es of hedg<span class=\"_ _0\"></span>e inef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>tive<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>s and how the he<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>e ratio is deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>). A hedgi<span class=\"_ _0\"></span>ng relati<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>hip qual<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ies for he<span class=\"_ _0\"></span>dge ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>unti<span class=\"_ _0\"></span>ng if it me<span class=\"_ _0\"></span>ets all of the followi<span class=\"_ _0\"></span>ng ef<span class=\"_ _0\"></span>fecti<span class=\"_ _0\"></span>ven<span class=\"_ _0\"></span>ess req<span class=\"_ _0\"></span>uire<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts:<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">the<span class=\"_ _0\"></span>re is an e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>nom<span class=\"_ _0\"></span>ic rel<span class=\"_ _0\"></span>ation<span class=\"_ _0\"></span>ship b<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en th<span class=\"_ _0\"></span>e hed<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>d item a<span class=\"_ _0\"></span>nd th<span class=\"_ _0\"></span>e hed<span class=\"_ _0\"></span>gin<span class=\"_ _0\"></span>g inst<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">the ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t of cre<span class=\"_ _0\"></span>dit r<span class=\"_ _0\"></span>isk d<span class=\"_ _0\"></span>oes n<span class=\"_ _0\"></span>ot do<span class=\"_ _0\"></span>mina<span class=\"_ _0\"></span>te the valu<span class=\"_ _0\"></span>e cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>s that res<span class=\"_ _0\"></span>ult f<span class=\"_ _0\"></span>rom th<span class=\"_ _0\"></span>at ec<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>omi<span class=\"_ _0\"></span>c relat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>ship<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">the h<span class=\"_ _0\"></span>edg<span class=\"_ _0\"></span>e rati<span class=\"_ _0\"></span>o of the he<span class=\"_ _0\"></span>dgi<span class=\"_ _0\"></span>ng rel<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>nshi<span class=\"_ _0\"></span>p is the s<span class=\"_ _0\"></span>ame as t<span class=\"_ _0\"></span>hat res<span class=\"_ _0\"></span>ulti<span class=\"_ _0\"></span>ng fro<span class=\"_ _0\"></span>m the q<span class=\"_ _0\"></span>uant<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y of the h<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>d item th<span class=\"_ _0\"></span>at the G<span class=\"_ _0\"></span>roup a<span class=\"_ _0\"></span>ctu<span class=\"_ _0\"></span>ally h<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>ges<span class=\"_ _0\"></span> </span>and the qu<span class=\"_ _0\"></span>anti<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y of the hedg<span class=\"_ _0\"></span>ing ins<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nt that th<span class=\"_ _0\"></span>e Group ac<span class=\"_ _0\"></span>tual<span class=\"_ _0\"></span>ly uses to hed<span class=\"_ _0\"></span>ge that qu<span class=\"_ _0\"></span>anti<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y of hedge<span class=\"_ _0\"></span>d item<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Cur<span class=\"_ _0\"></span>rent<span class=\"_ _0\"></span>ly, the Group he<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>es foreig<span class=\"_ _0\"></span>n exchan<span class=\"_ _0\"></span>ge tran<span class=\"_ _0\"></span>slati<span class=\"_ _0\"></span>on and inte<span class=\"_ _0\"></span>rest rate risk<span class=\"_ _0\"></span>s on its fi<span class=\"_ _0\"></span>xed rate US<span class=\"_ _0\"></span>D den<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>inated bo<span class=\"_ _0\"></span>rrow<span class=\"_ _0\"></span>ings (the he<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>ed item<span class=\"_ _0\"></span>s), usin<span class=\"_ _0\"></span>g cross<span class=\"_ _0\"></span>-<span class=\"_ _3\"></span>cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cy interes<span class=\"_ _0\"></span>t rate swaps (the hed<span class=\"_ _0\"></span>gin<span class=\"_ _0\"></span>g items). It reco<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>s the ef<span class=\"_ _0\"></span>fecti<span class=\"_ _0\"></span>ve por<span class=\"_ _3\"></span>tion of the gai<span class=\"_ _0\"></span>n or loss o<span class=\"_ _0\"></span>n the hed<span class=\"_ _0\"></span>gin<span class=\"_ _0\"></span>g items in the<span class=\"_ _0\"></span> Co<span class=\"_ _0\"></span>nsol<span class=\"_ _0\"></span>idated S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ateme<span class=\"_ _0\"></span>nt of Com<span class=\"_ _0\"></span>preh<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>ive Inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e and in a sepa<span class=\"_ _0\"></span>rate reser<span class=\"_ _3\"></span>ve within eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y. The gain o<span class=\"_ _0\"></span>r loss rel<span class=\"_ _0\"></span>ating to the inef<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ve por<span class=\"_ _3\"></span>tion is rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d imme<span class=\"_ _0\"></span>diatel<span class=\"_ _0\"></span>y in the Co<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>lidated In<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me S<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>teme<span class=\"_ _0\"></span>nt. A<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>unts ac<span class=\"_ _0\"></span>cum<span class=\"_ _0\"></span>ulated in e<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>ty are re<span class=\"_ _0\"></span>cla<span class=\"_ _0\"></span>ssif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d in the pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>ds whe<span class=\"_ _0\"></span>n the he<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>d item af<span class=\"_ _0\"></span>fects pr<span class=\"_ _0\"></span>ofi<span class=\"_ _0\"></span>t or loss<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForHedgingExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-704": {
   "value": "Fair<span class=\"_ _1\"></span> value m<span class=\"_ _1\"></span>easurement<span class=\"_ _3b2\"> </span>Fair valu<span class=\"_ _0\"></span>e is th<span class=\"_ _0\"></span>e pri<span class=\"_ _0\"></span>ce th<span class=\"_ _0\"></span>at would b<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>cei<span class=\"_ _0\"></span>ved to se<span class=\"_ _0\"></span>ll an ass<span class=\"_ _0\"></span>et or p<span class=\"_ _0\"></span>aid to tran<span class=\"_ _0\"></span>sfer a lia<span class=\"_ _0\"></span>bilit<span class=\"_ _0\"></span>y i<span class=\"_ _0\"></span>n an ord<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ly tr<span class=\"_ _0\"></span>ansa<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on be<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n mar<span class=\"_ _0\"></span>ket par<span class=\"_ _3\"></span>ticipa<span class=\"_ _0\"></span>nts at the me<span class=\"_ _0\"></span>asure<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt date.<span class=\"_ _3b2\"> </span>Fair valu<span class=\"_ _0\"></span>e measu<span class=\"_ _0\"></span>rem<span class=\"_ _0\"></span>ents are bas<span class=\"_ _0\"></span>ed on o<span class=\"_ _0\"></span>bser<span class=\"_ _3\"></span>vabl<span class=\"_ _0\"></span>e and uno<span class=\"_ _0\"></span>bse<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vab<span class=\"_ _0\"></span>le inp<span class=\"_ _0\"></span>uts<span class=\"_ _0\"></span>. Obse<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ble in<span class=\"_ _0\"></span>put<span class=\"_ _0\"></span>s refle<span class=\"_ _0\"></span>ct ma<span class=\"_ _0\"></span>rket data o<span class=\"_ _0\"></span>btain<span class=\"_ _0\"></span>ed fro<span class=\"_ _0\"></span>m inde<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span> sou<span class=\"_ _0\"></span>rces<span class=\"_ _0\"></span>, whil<span class=\"_ _0\"></span>e unob<span class=\"_ _0\"></span>ser<span class=\"_ _3\"></span>vable in<span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>ts refl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t the Grou<span class=\"_ _0\"></span>p\u2019s view of market assu<span class=\"_ _0\"></span>mpti<span class=\"_ _0\"></span>ons in the ab<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>ce of obse<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ble mar<span class=\"_ _0\"></span>ket infor<span class=\"_ _0\"></span>matio<span class=\"_ _0\"></span>n. T<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up utili<span class=\"_ _0\"></span>ses tech<span class=\"_ _0\"></span>niqu<span class=\"_ _0\"></span>es that ma<span class=\"_ _0\"></span>xi<span class=\"_ _0\"></span>mise the us<span class=\"_ _0\"></span>e of obser<span class=\"_ _3\"></span>vable in<span class=\"_ _0\"></span>put<span class=\"_ _0\"></span>s and mini<span class=\"_ _0\"></span>mise the us<span class=\"_ _0\"></span>e of unobs<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ble in<span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>ts. Th<span class=\"_ _0\"></span>e best ev<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e of the fair value of a fina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al instr<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ent at ini<span class=\"_ _0\"></span>tial re<span class=\"_ _0\"></span>cog<span class=\"_ _0\"></span>nit<span class=\"_ _0\"></span>ion is no<span class=\"_ _0\"></span>rma<span class=\"_ _0\"></span>lly the tr<span class=\"_ _0\"></span>ansa<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on pri<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>. In cer<span class=\"_ _3\"></span>tain circ<span class=\"_ _0\"></span>ums<span class=\"_ _0\"></span>tan<span class=\"_ _0\"></span>ces<span class=\"_ _0\"></span>, the fair<span class=\"_ _0\"></span> value at ini<span class=\"_ _0\"></span>tial re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnit<span class=\"_ _0\"></span>ion dif<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>rs from th<span class=\"_ _0\"></span>e trans<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>ion pr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e. If the fair valu<span class=\"_ _0\"></span>e is evide<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ed by co<span class=\"_ _0\"></span>mpar<span class=\"_ _0\"></span>iso<span class=\"_ _0\"></span>n by a quoted pric<span class=\"_ _0\"></span>e in an acti<span class=\"_ _0\"></span>ve market for an ide<span class=\"_ _0\"></span>ntic<span class=\"_ _0\"></span>al inst<span class=\"_ _0\"></span>rum<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t, or is base<span class=\"_ _0\"></span>d on a valuati<span class=\"_ _0\"></span>on tec<span class=\"_ _0\"></span>hniq<span class=\"_ _0\"></span>ue that use<span class=\"_ _0\"></span>s only dat<span class=\"_ _0\"></span>a from ob<span class=\"_ _0\"></span>ser<span class=\"_ _3\"></span>vable ma<span class=\"_ _0\"></span>rkets<span class=\"_ _0\"></span>, the dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en the fair valu<span class=\"_ _0\"></span>e at init<span class=\"_ _0\"></span>ial rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>niti<span class=\"_ _0\"></span>on and th<span class=\"_ _0\"></span>e trans<span class=\"_ _0\"></span>acti<span class=\"_ _0\"></span>on pr<span class=\"_ _0\"></span>ice is re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d as a gain or los<span class=\"_ _0\"></span>s in the Co<span class=\"_ _0\"></span>nsol<span class=\"_ _0\"></span>idated In<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me S<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t. In all othe<span class=\"_ _0\"></span>r case<span class=\"_ _0\"></span>s, the di<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>feren<span class=\"_ _0\"></span>ce bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en th<span class=\"_ _0\"></span>e fair valu<span class=\"_ _0\"></span>e at ini<span class=\"_ _0\"></span>tial re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n and t<span class=\"_ _0\"></span>he tra<span class=\"_ _0\"></span>nsa<span class=\"_ _0\"></span>ctio<span class=\"_ _0\"></span>n pr<span class=\"_ _0\"></span>ice is d<span class=\"_ _0\"></span>efer<span class=\"_ _0\"></span>red an<span class=\"_ _0\"></span>d rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e Co<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>lidated I<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ome S<span class=\"_ _3\"></span>tateme<span class=\"_ _0\"></span>nt over t<span class=\"_ _0\"></span>he life of the ins<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nt to the ex<span class=\"_ _3\"></span>tent that i<span class=\"_ _0\"></span>t aris<span class=\"_ _0\"></span>es fro<span class=\"_ _0\"></span>m a cha<span class=\"_ _0\"></span>nge i<span class=\"_ _0\"></span>n a facto<span class=\"_ _0\"></span>r (inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>ing ti<span class=\"_ _0\"></span>me) that mar<span class=\"_ _0\"></span>ket par<span class=\"_ _3\"></span>ticip<span class=\"_ _0\"></span>ants wo<span class=\"_ _0\"></span>uld ta<span class=\"_ _0\"></span>ke into acc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t whe<span class=\"_ _0\"></span>n pri<span class=\"_ _0\"></span>cin<span class=\"_ _0\"></span>g the inst<span class=\"_ _0\"></span>rum<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t.<span class=\"_ _3b2\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsAtFairValueThroughProfitOrLossExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-676": {
   "value": "Fair<span class=\"_ _1\"></span> value m<span class=\"_ _1\"></span>easurement<span class=\"_ _3b2\"> </span>Fair valu<span class=\"_ _0\"></span>e is th<span class=\"_ _0\"></span>e pri<span class=\"_ _0\"></span>ce th<span class=\"_ _0\"></span>at would b<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>cei<span class=\"_ _0\"></span>ved to se<span class=\"_ _0\"></span>ll an ass<span class=\"_ _0\"></span>et or p<span class=\"_ _0\"></span>aid to tran<span class=\"_ _0\"></span>sfer a lia<span class=\"_ _0\"></span>bilit<span class=\"_ _0\"></span>y i<span class=\"_ _0\"></span>n an ord<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ly tr<span class=\"_ _0\"></span>ansa<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on be<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n mar<span class=\"_ _0\"></span>ket par<span class=\"_ _3\"></span>ticipa<span class=\"_ _0\"></span>nts at the me<span class=\"_ _0\"></span>asure<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt date.<span class=\"_ _3b2\"> </span>Fair valu<span class=\"_ _0\"></span>e measu<span class=\"_ _0\"></span>rem<span class=\"_ _0\"></span>ents are bas<span class=\"_ _0\"></span>ed on o<span class=\"_ _0\"></span>bser<span class=\"_ _3\"></span>vabl<span class=\"_ _0\"></span>e and uno<span class=\"_ _0\"></span>bse<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vab<span class=\"_ _0\"></span>le inp<span class=\"_ _0\"></span>uts<span class=\"_ _0\"></span>. Obse<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ble in<span class=\"_ _0\"></span>put<span class=\"_ _0\"></span>s refle<span class=\"_ _0\"></span>ct ma<span class=\"_ _0\"></span>rket data o<span class=\"_ _0\"></span>btain<span class=\"_ _0\"></span>ed fro<span class=\"_ _0\"></span>m inde<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span> sou<span class=\"_ _0\"></span>rces<span class=\"_ _0\"></span>, whil<span class=\"_ _0\"></span>e unob<span class=\"_ _0\"></span>ser<span class=\"_ _3\"></span>vable in<span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>ts refl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t the Grou<span class=\"_ _0\"></span>p\u2019s view of market assu<span class=\"_ _0\"></span>mpti<span class=\"_ _0\"></span>ons in the ab<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>ce of obse<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ble mar<span class=\"_ _0\"></span>ket infor<span class=\"_ _0\"></span>matio<span class=\"_ _0\"></span>n. T<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up utili<span class=\"_ _0\"></span>ses tech<span class=\"_ _0\"></span>niqu<span class=\"_ _0\"></span>es that ma<span class=\"_ _0\"></span>xi<span class=\"_ _0\"></span>mise the us<span class=\"_ _0\"></span>e of obser<span class=\"_ _3\"></span>vable in<span class=\"_ _0\"></span>put<span class=\"_ _0\"></span>s and mini<span class=\"_ _0\"></span>mise the us<span class=\"_ _0\"></span>e of unobs<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ble in<span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>ts. Th<span class=\"_ _0\"></span>e best ev<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e of the fair value of a fina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al instr<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ent at ini<span class=\"_ _0\"></span>tial re<span class=\"_ _0\"></span>cog<span class=\"_ _0\"></span>nit<span class=\"_ _0\"></span>ion is no<span class=\"_ _0\"></span>rma<span class=\"_ _0\"></span>lly the tr<span class=\"_ _0\"></span>ansa<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on pri<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>. In cer<span class=\"_ _3\"></span>tain circ<span class=\"_ _0\"></span>ums<span class=\"_ _0\"></span>tan<span class=\"_ _0\"></span>ces<span class=\"_ _0\"></span>, the fair<span class=\"_ _0\"></span> value at ini<span class=\"_ _0\"></span>tial re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnit<span class=\"_ _0\"></span>ion dif<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>rs from th<span class=\"_ _0\"></span>e trans<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>ion pr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e. If the fair valu<span class=\"_ _0\"></span>e is evide<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ed by co<span class=\"_ _0\"></span>mpar<span class=\"_ _0\"></span>iso<span class=\"_ _0\"></span>n by a quoted pric<span class=\"_ _0\"></span>e in an acti<span class=\"_ _0\"></span>ve market for an ide<span class=\"_ _0\"></span>ntic<span class=\"_ _0\"></span>al inst<span class=\"_ _0\"></span>rum<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t, or is base<span class=\"_ _0\"></span>d on a valuati<span class=\"_ _0\"></span>on tec<span class=\"_ _0\"></span>hniq<span class=\"_ _0\"></span>ue that use<span class=\"_ _0\"></span>s only dat<span class=\"_ _0\"></span>a from ob<span class=\"_ _0\"></span>ser<span class=\"_ _3\"></span>vable ma<span class=\"_ _0\"></span>rkets<span class=\"_ _0\"></span>, the dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en the fair valu<span class=\"_ _0\"></span>e at init<span class=\"_ _0\"></span>ial rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>niti<span class=\"_ _0\"></span>on and th<span class=\"_ _0\"></span>e trans<span class=\"_ _0\"></span>acti<span class=\"_ _0\"></span>on pr<span class=\"_ _0\"></span>ice is re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d as a gain or los<span class=\"_ _0\"></span>s in the Co<span class=\"_ _0\"></span>nsol<span class=\"_ _0\"></span>idated In<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me S<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t. In all othe<span class=\"_ _0\"></span>r case<span class=\"_ _0\"></span>s, the di<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>feren<span class=\"_ _0\"></span>ce bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en th<span class=\"_ _0\"></span>e fair valu<span class=\"_ _0\"></span>e at ini<span class=\"_ _0\"></span>tial re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n and t<span class=\"_ _0\"></span>he tra<span class=\"_ _0\"></span>nsa<span class=\"_ _0\"></span>ctio<span class=\"_ _0\"></span>n pr<span class=\"_ _0\"></span>ice is d<span class=\"_ _0\"></span>efer<span class=\"_ _0\"></span>red an<span class=\"_ _0\"></span>d rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e Co<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>lidated I<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ome S<span class=\"_ _3\"></span>tateme<span class=\"_ _0\"></span>nt over t<span class=\"_ _0\"></span>he life of the ins<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nt to the ex<span class=\"_ _3\"></span>tent that i<span class=\"_ _0\"></span>t aris<span class=\"_ _0\"></span>es fro<span class=\"_ _0\"></span>m a cha<span class=\"_ _0\"></span>nge i<span class=\"_ _0\"></span>n a facto<span class=\"_ _0\"></span>r (inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>ing ti<span class=\"_ _0\"></span>me) that mar<span class=\"_ _0\"></span>ket par<span class=\"_ _3\"></span>ticip<span class=\"_ _0\"></span>ants wo<span class=\"_ _0\"></span>uld ta<span class=\"_ _0\"></span>ke into acc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t whe<span class=\"_ _0\"></span>n pri<span class=\"_ _0\"></span>cin<span class=\"_ _0\"></span>g the inst<span class=\"_ _0\"></span>rum<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t.<span class=\"_ _3b2\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFairValueMeasurementExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-630": {
   "value": "Re<span class=\"_ _0\"></span>venue<span class=\"_ _3b2\"> </span>Insurance rev<span class=\"_ _1\"></span>enue<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Group\u2019s insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce reven<span class=\"_ _0\"></span>ue de<span class=\"_ _0\"></span>pic<span class=\"_ _0\"></span>ts the prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>n of ser<span class=\"_ _0\"></span>vic<span class=\"_ _0\"></span>es ar<span class=\"_ _0\"></span>ising fro<span class=\"_ _0\"></span>m a group of insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>acts<span class=\"_ _0\"></span>, refl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g the con<span class=\"_ _0\"></span>side<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>on the<span class=\"_ _0\"></span> Grou<span class=\"_ _0\"></span>p expe<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s to be entitle<span class=\"_ _0\"></span>d to in exchang<span class=\"_ _0\"></span>e for those se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces<span class=\"_ _0\"></span>. Insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce reven<span class=\"_ _0\"></span>ue fro<span class=\"_ _0\"></span>m a group of insur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts is the<span class=\"_ _0\"></span>refore the rel<span class=\"_ _0\"></span>evant<span class=\"_ _0\"></span> por<span class=\"_ _3\"></span>tion for th<span class=\"_ _0\"></span>e per<span class=\"_ _0\"></span>iod of the total co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>erati<span class=\"_ _0\"></span>on for the c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>s, (i.e<span class=\"_ _0\"></span>. the amo<span class=\"_ _0\"></span>unt of pre<span class=\"_ _0\"></span>mium<span class=\"_ _0\"></span>s paid to the Group ad<span class=\"_ _0\"></span>justed for f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>ncin<span class=\"_ _0\"></span>g ef<span class=\"_ _0\"></span>fect<span class=\"_ _0\"></span> (the<span class=\"_ gsec\"> </span>tim<span class=\"_ _0\"></span>e value of mon<span class=\"_ _0\"></span>ey) and exclu<span class=\"_ _0\"></span>ding any inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>one<span class=\"_ _0\"></span>nts). Th<span class=\"_ _0\"></span>e total consi<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n for a group of contr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>ts cover<span class=\"_ _0\"></span>s amou<span class=\"_ _0\"></span>nts relate<span class=\"_ _0\"></span>d to the provisio<span class=\"_ _0\"></span>n of ser<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces an<span class=\"_ _0\"></span>d com<span class=\"_ _0\"></span>pri<span class=\"_ _0\"></span>ses:<span class=\"_ _0\"></span> \u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">the re<span class=\"_ _0\"></span>leas<span class=\"_ _0\"></span>e of the C<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>M<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>s in the r<span class=\"_ _0\"></span>isk ad<span class=\"_ _0\"></span>just<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t for no<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-f<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial ris<span class=\"_ _0\"></span>k relat<span class=\"_ _0\"></span>ing to cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nt ser<span class=\"_ _3\"></span>vic<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">clai<span class=\"_ _0\"></span>ms and ot<span class=\"_ _0\"></span>her i<span class=\"_ _0\"></span>nsur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nses ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cted a<span class=\"_ _0\"></span>t the b<span class=\"_ _0\"></span>egi<span class=\"_ _0\"></span>nnin<span class=\"_ _0\"></span>g of the p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">exp<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ce adj<span class=\"_ _0\"></span>ustm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s aris<span class=\"_ _0\"></span>ing fro<span class=\"_ _0\"></span>m pre<span class=\"_ _0\"></span>miu<span class=\"_ _0\"></span>ms re<span class=\"_ _0\"></span>cei<span class=\"_ _0\"></span>ved in t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>od oth<span class=\"_ _0\"></span>er th<span class=\"_ _0\"></span>an tho<span class=\"_ _0\"></span>se th<span class=\"_ _0\"></span>at relate to fut<span class=\"_ _0\"></span>ure se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce ac<span class=\"_ _0\"></span>quisi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n co<span class=\"_ _0\"></span>st re<span class=\"_ _0\"></span>cover<span class=\"_ _3\"></span>y deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ed by all<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>atin<span class=\"_ _0\"></span>g the p<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>tion of pre<span class=\"_ _0\"></span>miu<span class=\"_ _0\"></span>ms rel<span class=\"_ _0\"></span>ated to the re<span class=\"_ _0\"></span>cove<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y of tho<span class=\"_ _0\"></span>se c<span class=\"_ _0\"></span>osts o<span class=\"_ _0\"></span>n the b<span class=\"_ _0\"></span>asis </span>of<span class=\"_ gsec\"> </span>insur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e cover<span class=\"_ _0\"></span>age prov<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">othe<span class=\"_ _0\"></span>r amou<span class=\"_ _0\"></span>nts<span class=\"_ _0\"></span>, incl<span class=\"_ _0\"></span>udin<span class=\"_ _0\"></span>g any other pre<span class=\"_ _3\"></span>-<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>niti<span class=\"_ _0\"></span>on cas<span class=\"_ _0\"></span>h fl<span class=\"_ _0\"></span>ow assets de<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>cog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d at the date of initial re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnit<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></span>Fee<span class=\"_ _0\"></span>s fr<span class=\"_ _0\"></span>om f<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>d ma<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t an<span class=\"_ _0\"></span>d in<span class=\"_ _0\"></span>ves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t 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>s<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Group g<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>rates reven<span class=\"_ _0\"></span>ue fro<span class=\"_ _0\"></span>m actin<span class=\"_ _0\"></span>g as the invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt manag<span class=\"_ _0\"></span>er for cli<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span>. Fee<span class=\"_ _0\"></span>s charg<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>n investm<span class=\"_ _0\"></span>ent ma<span class=\"_ _0\"></span>nage<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt ser<span class=\"_ _3\"></span>vic<span class=\"_ _0\"></span>es are base<span class=\"_ _0\"></span>d on the co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>actu<span class=\"_ _0\"></span>al fee arr<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ents ap<span class=\"_ _0\"></span>plie<span class=\"_ _0\"></span>d to assets un<span class=\"_ _0\"></span>der ma<span class=\"_ _0\"></span>nage<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt and re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed as revenu<span class=\"_ _0\"></span>e as the ser<span class=\"_ _3\"></span>vic<span class=\"_ _0\"></span>es are provid<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Group\u2019s inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e from inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts is pr<span class=\"_ _0\"></span>imar<span class=\"_ _0\"></span>ily de<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ved fro<span class=\"_ _0\"></span>m fees for admi<span class=\"_ _0\"></span>nistr<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n and mana<span class=\"_ _0\"></span>ging of fun<span class=\"_ _0\"></span>ds in pen<span class=\"_ _0\"></span>sio<span class=\"_ _0\"></span>n plans<span class=\"_ _0\"></span>. Revenu<span class=\"_ _0\"></span>e gen<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ated on invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts is rec<span class=\"_ _0\"></span>ogni<span class=\"_ _0\"></span>sed as se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces are prov<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>d. N<span class=\"_ _0\"></span>o signif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant jud<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts are appl<span class=\"_ _0\"></span>ied o<span class=\"_ _0\"></span>n the timin<span class=\"_ _0\"></span>g or tran<span class=\"_ _0\"></span>sac<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span> pri<span class=\"_ _0\"></span>ce. In th<span class=\"_ _0\"></span>e insta<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>es of per<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>man<span class=\"_ _0\"></span>ce fee<span class=\"_ _0\"></span>s where reve<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>e is subje<span class=\"_ _0\"></span>ct to meet<span class=\"_ _0\"></span>ing a cer<span class=\"_ _3\"></span>tain pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>man<span class=\"_ _0\"></span>ce thre<span class=\"_ _0\"></span>sho<span class=\"_ _0\"></span>ld<span class=\"_ _0\"></span>, such reve<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>e is not reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed until th<span class=\"_ _0\"></span>e con<span class=\"_ _0\"></span>diti<span class=\"_ _0\"></span>on has be<span class=\"_ _0\"></span>en m<span class=\"_ _0\"></span>et, an<span class=\"_ _0\"></span>d it is highl<span class=\"_ _0\"></span>y prob<span class=\"_ _0\"></span>able th<span class=\"_ _0\"></span>at no signif<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>can<span class=\"_ _0\"></span>t revers<span class=\"_ _0\"></span>al of amoun<span class=\"_ _0\"></span>ts would oc<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>. Variable c<span class=\"_ _0\"></span>osts di<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>tly rel<span class=\"_ _0\"></span>ated to<span class=\"_ gsec\"> </span>secu<span class=\"_ _0\"></span>rin<span class=\"_ _0\"></span>g new co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts are ca<span class=\"_ _0\"></span>pit<span class=\"_ _0\"></span>alise<span class=\"_ _0\"></span>d and amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>sed over th<span class=\"_ _0\"></span>e estim<span class=\"_ _0\"></span>ated pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d over whic<span class=\"_ _0\"></span>h the reven<span class=\"_ _0\"></span>ue is earn<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>T<span class=\"_ _1\"></span>ransact<span class=\"_ _0\"></span>ion fee<span class=\"_ _0\"></span>s are charg<span class=\"_ _0\"></span>ed to impl<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent tra<span class=\"_ _0\"></span>des for cli<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span>. Su<span class=\"_ _0\"></span>ch fees are c<span class=\"_ _0\"></span>harg<span class=\"_ _0\"></span>ed at the tim<span class=\"_ _0\"></span>e the tran<span class=\"_ _0\"></span>sac<span class=\"_ _0\"></span>tion ta<span class=\"_ _0\"></span>kes plac<span class=\"_ _0\"></span>e and are base<span class=\"_ _0\"></span>d on<span class=\"_ gsec\"> </span>th<span class=\"_ _0\"></span>e<span class=\"_ gsec\"> </span>size of the unde<span class=\"_ _0\"></span>rly<span class=\"_ _0\"></span>ing c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>. Other operational<span class=\"_ _1\"></span> income<span class=\"_ _1\"></span> from contracts<span class=\"_ _1\"></span> with custom<span class=\"_ _1\"></span>ers<span class=\"_ _3b2\"> </span>House building<span class=\"_ _3b2\"> </span>Hou<span class=\"_ _0\"></span>se buil<span class=\"_ _0\"></span>ding reve<span class=\"_ _0\"></span>nue ar<span class=\"_ _0\"></span>ises fr<span class=\"_ _0\"></span>om the sal<span class=\"_ _0\"></span>e of reside<span class=\"_ _0\"></span>ntial pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es and lan<span class=\"_ _0\"></span>d and is rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ised ne<span class=\"_ _0\"></span>t of disco<span class=\"_ _0\"></span>unts and sa<span class=\"_ _0\"></span>les in<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ntives<span class=\"_ _0\"></span>. It also<span class=\"_ _0\"></span> inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>es sale pro<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>ds of par<span class=\"_ _0\"></span>t excha<span class=\"_ _0\"></span>nge p<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>. Sal<span class=\"_ _0\"></span>es of private hou<span class=\"_ _0\"></span>ses are re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d on le<span class=\"_ _0\"></span>gal co<span class=\"_ _0\"></span>mpl<span class=\"_ _0\"></span>etio<span class=\"_ _0\"></span>n. S<span class=\"_ _0\"></span>ale<span class=\"_ _0\"></span>s of social h<span class=\"_ _0\"></span>ousi<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>, where<span class=\"_ _0\"></span> mul<span class=\"_ _0\"></span>tipl<span class=\"_ _0\"></span>e units are de<span class=\"_ _0\"></span>velo<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>d and sol<span class=\"_ _0\"></span>d unde<span class=\"_ _0\"></span>r a cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>tual agre<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t with a singl<span class=\"_ _0\"></span>e cus<span class=\"_ _0\"></span>tome<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>, ty<span class=\"_ _0\"></span>pic<span class=\"_ _0\"></span>all<span class=\"_ _0\"></span>y a housin<span class=\"_ _0\"></span>g asso<span class=\"_ _0\"></span>ciati<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>, are rec<span class=\"_ _0\"></span>ogni<span class=\"_ _0\"></span>sed over<span class=\"_ _0\"></span> time in ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>rdan<span class=\"_ _0\"></span>ce wi<span class=\"_ _0\"></span>th con<span class=\"_ _0\"></span>str<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>tion p<span class=\"_ _0\"></span>rogre<span class=\"_ _0\"></span>ss. S<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>es of land and co<span class=\"_ _0\"></span>mm<span class=\"_ _0\"></span>erc<span class=\"_ _0\"></span>ial prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>y are reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed on un<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal excha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>, name<span class=\"_ _0\"></span>ly wh<span class=\"_ _0\"></span>en con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts are excha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>d or miss<span class=\"_ _0\"></span>ives co<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>ed and<span class=\"_ _0\"></span>, whe<span class=\"_ _0\"></span>re appro<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>iate, co<span class=\"_ _0\"></span>nstr<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n is com<span class=\"_ _0\"></span>plete. T<span class=\"_ _0\"></span>he tra<span class=\"_ _0\"></span>nsac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n pri<span class=\"_ _0\"></span>ce is deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ed usi<span class=\"_ _0\"></span>ng ex<span class=\"_ _0\"></span>tensi<span class=\"_ _0\"></span>ve resear<span class=\"_ _0\"></span>ch and ex<span class=\"_ _0\"></span>per<span class=\"_ _3\"></span>t judg<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>, cur<span class=\"_ _0\"></span>rent ma<span class=\"_ _0\"></span>rket valu<span class=\"_ _0\"></span>es and reg<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>al variat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s. Warra<span class=\"_ _0\"></span>nties are prov<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>d on all prope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es and ran<span class=\"_ _0\"></span>ge from 2-1<span class=\"_ _1\"></span>0 years. Du<span class=\"_ _0\"></span>e to <span class=\"_ _1\"></span>the<span class=\"_ _0\"></span>ir features<span class=\"_ _0\"></span>, thes<span class=\"_ _0\"></span>e do not represe<span class=\"_ _0\"></span>nt sep<span class=\"_ _0\"></span>arate per<span class=\"_ _3\"></span>forma<span class=\"_ _0\"></span>nce ob<span class=\"_ _0\"></span>ligat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s.<span class=\"_ _3b2\"> </span>Professional<span class=\"_ _1\"></span> ser<span class=\"_ _0\"></span>vices fees<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Group\u2019s professi<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>l ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ice<span class=\"_ _0\"></span>s fees reven<span class=\"_ _0\"></span>ue aris<span class=\"_ _0\"></span>es fro<span class=\"_ _0\"></span>m professio<span class=\"_ _0\"></span>nal se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces prov<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>d by empl<span class=\"_ _0\"></span>oyed su<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>veyo<span class=\"_ _0\"></span>rs and thi<span class=\"_ _0\"></span>rd<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>par<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>y provid<span class=\"_ _0\"></span>ers<span class=\"_ _0\"></span>, pane<span class=\"_ _0\"></span>l<span class=\"_ gsec\"> </span>man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt fees and ad<span class=\"_ _0\"></span>minis<span class=\"_ _0\"></span>trat<span class=\"_ _0\"></span>ion fee<span class=\"_ _0\"></span>s. Th<span class=\"_ _0\"></span>ese fee<span class=\"_ _0\"></span>s are base<span class=\"_ _0\"></span>d on fee scal<span class=\"_ _0\"></span>es or co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts<span class=\"_ _0\"></span>. Revenu<span class=\"_ _0\"></span>e is reco<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>sed wh<span class=\"_ _0\"></span>en the se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span> has<span class=\"_ gsec\"> </span>be<span class=\"_ _0\"></span>en re<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>red<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>In addi<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>, the Gr<span class=\"_ _0\"></span>oup de<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ves professi<span class=\"_ _0\"></span>onal fee<span class=\"_ _0\"></span>s from fac<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>ation of mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tgag<span class=\"_ _0\"></span>e arra<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts and rel<span class=\"_ _0\"></span>ated prod<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>ts suc<span class=\"_ _0\"></span>h as conveya<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>ng. T<span class=\"_ _0\"></span>hes<span class=\"_ _0\"></span>e are base<span class=\"_ _0\"></span>d on an agre<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>/con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>t and co<span class=\"_ _0\"></span>uld be tie<span class=\"_ _0\"></span>red ba<span class=\"_ _0\"></span>sed on vol<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>e. Th<span class=\"_ _0\"></span>e oblig<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n in such in<span class=\"_ _0\"></span>stan<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>s is satisfi<span class=\"_ _0\"></span>ed on c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>let<span class=\"_ _0\"></span>ion of the mor<span class=\"_ _3\"></span>tgage<span class=\"_ _0\"></span>/ser<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce, at whi<span class=\"_ _0\"></span>ch poi<span class=\"_ _0\"></span>nt the reve<span class=\"_ _0\"></span>nue is rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d. T<span class=\"_ _0\"></span>here is no sig<span class=\"_ _0\"></span>nif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant jud<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t appli<span class=\"_ _0\"></span>ed on the ti<span class=\"_ _0\"></span>ming o<span class=\"_ _0\"></span>r amou<span class=\"_ _0\"></span>nt of fee reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Insurance brok<span class=\"_ _1\"></span>er fees<span class=\"_ _3b2\"> </span>Fee<span class=\"_ _0\"></span>s are charg<span class=\"_ _0\"></span>ed on ea<span class=\"_ _0\"></span>ch pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>man<span class=\"_ _0\"></span>ce ob<span class=\"_ _0\"></span>ligat<span class=\"_ _0\"></span>ion of<span class=\"_ _0\"></span>fered to the cus<span class=\"_ _0\"></span>tome<span class=\"_ _0\"></span>r as per agr<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>d stru<span class=\"_ _0\"></span>ctu<span class=\"_ _0\"></span>re. Reven<span class=\"_ _0\"></span>ue for pla<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>es is reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span> at the poi<span class=\"_ _0\"></span>nt in time wh<span class=\"_ _0\"></span>en the inter<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>dia<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y has satisf<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ed its pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>man<span class=\"_ _0\"></span>ce ob<span class=\"_ _0\"></span>ligat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>, that is whe<span class=\"_ _0\"></span>n the terms of the ins<span class=\"_ _0\"></span>ura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e poli<span class=\"_ _0\"></span>cy have bee<span class=\"_ _0\"></span>n agre<span class=\"_ _0\"></span>ed co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>actu<span class=\"_ _0\"></span>ally by the in<span class=\"_ _0\"></span>sure<span class=\"_ _0\"></span>r and pol<span class=\"_ _0\"></span>icy<span class=\"_ _0\"></span>hol<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>, and the ins<span class=\"_ _0\"></span>urer has a pre<span class=\"_ _0\"></span>sent r<span class=\"_ _0\"></span>ight to payme<span class=\"_ _0\"></span>nt fro<span class=\"_ _0\"></span>m the pol<span class=\"_ _0\"></span>icy<span class=\"_ _0\"></span>hol<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>. No signif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant<span class=\"_ _0\"></span> judg<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ents are ap<span class=\"_ _0\"></span>plie<span class=\"_ _0\"></span>d on the tim<span class=\"_ _0\"></span>ing or tr<span class=\"_ _0\"></span>ansa<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on pri<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Investment retur<span class=\"_ _0\"></span>n<span class=\"_ _3b2\"> </span>Invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t retur<span class=\"_ _0\"></span>n incl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>s unreal<span class=\"_ _0\"></span>ised fair val<span class=\"_ _0\"></span>ue gain<span class=\"_ _0\"></span>s and los<span class=\"_ _0\"></span>ses on f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l investm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s at fair value thro<span class=\"_ _0\"></span>ugh prof<span class=\"_ _0\"></span>it o<span class=\"_ _0\"></span>r loss<span class=\"_ _0\"></span>, realis<span class=\"_ _0\"></span>ed gain<span class=\"_ _0\"></span>s and<span class=\"_ gsec\"> </span>lo<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s, di<span class=\"_ _0\"></span>vide<span class=\"_ _0\"></span>nds<span class=\"_ _0\"></span>, rent an<span class=\"_ _0\"></span>d interes<span class=\"_ _0\"></span>t. Di<span class=\"_ _0\"></span>vid<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>s are accr<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span>d on an ex-<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ivi<span class=\"_ _0\"></span>den<span class=\"_ _0\"></span>d basis<span class=\"_ _0\"></span>. Interest in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me is rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d as it acc<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>es, ta<span class=\"_ _0\"></span>kin<span class=\"_ _0\"></span>g into acc<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nt the ef<span class=\"_ _0\"></span>fect<span class=\"_ _0\"></span>ive yie<span class=\"_ _0\"></span>ld on the inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>. Rental in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me is rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d on an acc<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>als basis<span class=\"_ _0\"></span>, and is gen<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ally re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d on a stra<span class=\"_ _0\"></span>ight lin<span class=\"_ _0\"></span>e basis unl<span class=\"_ _0\"></span>ess th<span class=\"_ _0\"></span>ere is co<span class=\"_ _0\"></span>mpe<span class=\"_ _0\"></span>llin<span class=\"_ _0\"></span>g evid<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>e that be<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>its d<span class=\"_ _0\"></span>o not acc<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>e evenly over th<span class=\"_ _0\"></span>e per<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d of the lease<span class=\"_ _0\"></span>. Interest in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me for f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial as<span class=\"_ _0\"></span>sets<span class=\"_ _0\"></span> whic<span class=\"_ _0\"></span>h are not class<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ied as fair valu<span class=\"_ _0\"></span>e thro<span class=\"_ _0\"></span>ugh prof<span class=\"_ _0\"></span>it o<span class=\"_ _0\"></span>r loss (F<span class=\"_ _3\"></span>V<span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>P<span class=\"_ _0\"></span>L) is reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed usin<span class=\"_ _0\"></span>g the ef<span class=\"_ _0\"></span>fect<span class=\"_ _0\"></span>ive interes<span class=\"_ _0\"></span>t meth<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>A gain or los<span class=\"_ _0\"></span>s on a fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t is only real<span class=\"_ _0\"></span>ised o<span class=\"_ _0\"></span>n dispo<span class=\"_ _0\"></span>sal or tra<span class=\"_ _0\"></span>nsfer, and is the diffe<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>e bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en the pr<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>ds rec<span class=\"_ _0\"></span>ei<span class=\"_ _0\"></span>ved<span class=\"_ _0\"></span>, net of tran<span class=\"_ _0\"></span>sac<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s cost an<span class=\"_ _0\"></span>d its or<span class=\"_ _0\"></span>igin<span class=\"_ _0\"></span>al cos<span class=\"_ _0\"></span>t or amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tise<span class=\"_ _0\"></span>d cos<span class=\"_ _0\"></span>t, as ap<span class=\"_ _0\"></span>prop<span class=\"_ _0\"></span>riate. Rea<span class=\"_ _0\"></span>lise<span class=\"_ _0\"></span>d gains or lo<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s on investm<span class=\"_ _0\"></span>ent p<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y re<span class=\"_ _0\"></span>prese<span class=\"_ _0\"></span>nt the dif<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>ce bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en the ne<span class=\"_ _0\"></span>t disp<span class=\"_ _0\"></span>osal pro<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ds and the c<span class=\"_ _0\"></span>arr<span class=\"_ _3\"></span>ying val<span class=\"_ _0\"></span>ue of the prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ty.<span class=\"_ _3b2\"> </span>Unre<span class=\"_ _0\"></span>alise<span class=\"_ _0\"></span>d gai<span class=\"_ _0\"></span>ns and l<span class=\"_ _0\"></span>oss<span class=\"_ _0\"></span>es rep<span class=\"_ _0\"></span>rese<span class=\"_ _0\"></span>nt th<span class=\"_ _0\"></span>e dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nce b<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en th<span class=\"_ _0\"></span>e car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing val<span class=\"_ _0\"></span>ue at th<span class=\"_ _0\"></span>e en<span class=\"_ _0\"></span>d of the yea<span class=\"_ _0\"></span>r and th<span class=\"_ _0\"></span>e ca<span class=\"_ _0\"></span>rr<span class=\"_ _3\"></span>ying val<span class=\"_ _0\"></span>ue at th<span class=\"_ _0\"></span>e prev<span class=\"_ _0\"></span>iou<span class=\"_ _0\"></span>s year<span class=\"_ _0\"></span> end or p<span class=\"_ _0\"></span>urch<span class=\"_ _0\"></span>ase valu<span class=\"_ _0\"></span>e duri<span class=\"_ _0\"></span>ng the yea<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>, less th<span class=\"_ _0\"></span>e revers<span class=\"_ _0\"></span>al of previo<span class=\"_ _0\"></span>usly un<span class=\"_ _0\"></span>realis<span class=\"_ _0\"></span>ed gai<span class=\"_ _0\"></span>ns and los<span class=\"_ _0\"></span>ses in res<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ct of dispo<span class=\"_ _0\"></span>sals ma<span class=\"_ _0\"></span>de dur<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e year<span class=\"_ _1\"></span>.<span class=\"_ _3b2\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-717": {
   "value": "In<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nce s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span>Insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce ser<span class=\"_ _3\"></span>vic<span class=\"_ _0\"></span>e expe<span class=\"_ _0\"></span>nses ar<span class=\"_ _0\"></span>isin<span class=\"_ _0\"></span>g from ins<span class=\"_ _0\"></span>uran<span class=\"_ _0\"></span>ce c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>s are reco<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>sed in prof<span class=\"_ _0\"></span>it o<span class=\"_ _0\"></span>r loss as the<span class=\"_ _0\"></span>y are incu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d. Th<span class=\"_ _0\"></span>ey exclu<span class=\"_ _0\"></span>de rep<span class=\"_ _0\"></span>ayme<span class=\"_ _0\"></span>nts of invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t com<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>nen<span class=\"_ _0\"></span>ts and co<span class=\"_ _0\"></span>mpr<span class=\"_ _0\"></span>ise th<span class=\"_ _0\"></span>e following i<span class=\"_ _0\"></span>tems:<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">inc<span class=\"_ _0\"></span>urre<span class=\"_ _0\"></span>d clai<span class=\"_ _0\"></span>ms and be<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ts, exclu<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>g investm<span class=\"_ _0\"></span>ent c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pon<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s redu<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>d by loss co<span class=\"_ _0\"></span>mpo<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>nt allo<span class=\"_ _0\"></span>cati<span class=\"_ _0\"></span>ons<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ls10 ws9\">incurred directly attribu<span class=\"_ _0\"></span>table expenses<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"lsea ws3a\">insura<span class=\"_ _0\"></span>nce ac<span class=\"_ _0\"></span>quisiti<span class=\"_ _0\"></span>on co<span class=\"_ _0\"></span>st amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tisatio<span class=\"_ _0\"></span>n<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce acq<span class=\"_ _0\"></span>uisi<span class=\"_ _0\"></span>tion c<span class=\"_ _0\"></span>ost ass<span class=\"_ _0\"></span>et imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t.<span class=\"_ _3b2\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInterestIncomeAndExpenseExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-705": {
   "value": "In<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nce s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span>Insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce ser<span class=\"_ _3\"></span>vic<span class=\"_ _0\"></span>e expe<span class=\"_ _0\"></span>nses ar<span class=\"_ _0\"></span>isin<span class=\"_ _0\"></span>g from ins<span class=\"_ _0\"></span>uran<span class=\"_ _0\"></span>ce c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>s are reco<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>sed in prof<span class=\"_ _0\"></span>it o<span class=\"_ _0\"></span>r loss as the<span class=\"_ _0\"></span>y are incu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d. Th<span class=\"_ _0\"></span>ey exclu<span class=\"_ _0\"></span>de rep<span class=\"_ _0\"></span>ayme<span class=\"_ _0\"></span>nts of invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t com<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>nen<span class=\"_ _0\"></span>ts and co<span class=\"_ _0\"></span>mpr<span class=\"_ _0\"></span>ise th<span class=\"_ _0\"></span>e following i<span class=\"_ _0\"></span>tems:<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">inc<span class=\"_ _0\"></span>urre<span class=\"_ _0\"></span>d clai<span class=\"_ _0\"></span>ms and be<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ts, exclu<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>g investm<span class=\"_ _0\"></span>ent c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pon<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s redu<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>d by loss co<span class=\"_ _0\"></span>mpo<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>nt allo<span class=\"_ _0\"></span>cati<span class=\"_ _0\"></span>ons<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ls10 ws9\">incurred directly attribu<span class=\"_ _0\"></span>table expenses<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"lsea ws3a\">insura<span class=\"_ _0\"></span>nce ac<span class=\"_ _0\"></span>quisiti<span class=\"_ _0\"></span>on co<span class=\"_ _0\"></span>st amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tisatio<span class=\"_ _0\"></span>n<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce acq<span class=\"_ _0\"></span>uisi<span class=\"_ _0\"></span>tion c<span class=\"_ _0\"></span>ost ass<span class=\"_ _0\"></span>et imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t.<span class=\"_ _3b2\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceCostsExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-631": {
   "value": "In<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nce s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span>Insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce ser<span class=\"_ _3\"></span>vic<span class=\"_ _0\"></span>e expe<span class=\"_ _0\"></span>nses ar<span class=\"_ _0\"></span>isin<span class=\"_ _0\"></span>g from ins<span class=\"_ _0\"></span>uran<span class=\"_ _0\"></span>ce c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>s are reco<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>sed in prof<span class=\"_ _0\"></span>it o<span class=\"_ _0\"></span>r loss as the<span class=\"_ _0\"></span>y are incu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d. Th<span class=\"_ _0\"></span>ey exclu<span class=\"_ _0\"></span>de rep<span class=\"_ _0\"></span>ayme<span class=\"_ _0\"></span>nts of invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t com<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>nen<span class=\"_ _0\"></span>ts and co<span class=\"_ _0\"></span>mpr<span class=\"_ _0\"></span>ise th<span class=\"_ _0\"></span>e following i<span class=\"_ _0\"></span>tems:<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">inc<span class=\"_ _0\"></span>urre<span class=\"_ _0\"></span>d clai<span class=\"_ _0\"></span>ms and be<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ts, exclu<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>g investm<span class=\"_ _0\"></span>ent c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pon<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s redu<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>d by loss co<span class=\"_ _0\"></span>mpo<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>nt allo<span class=\"_ _0\"></span>cati<span class=\"_ _0\"></span>ons<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ls10 ws9\">incurred directly attribu<span class=\"_ _0\"></span>table expenses<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"lsea ws3a\">insura<span class=\"_ _0\"></span>nce ac<span class=\"_ _0\"></span>quisiti<span class=\"_ _0\"></span>on co<span class=\"_ _0\"></span>st amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tisatio<span class=\"_ _0\"></span>n<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce acq<span class=\"_ _0\"></span>uisi<span class=\"_ _0\"></span>tion c<span class=\"_ _0\"></span>ost ass<span class=\"_ _0\"></span>et imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t.<span class=\"_ _3b2\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceIncomeAndCostsExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-677": {
   "value": "In<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nce s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span>Insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce ser<span class=\"_ _3\"></span>vic<span class=\"_ _0\"></span>e expe<span class=\"_ _0\"></span>nses ar<span class=\"_ _0\"></span>isin<span class=\"_ _0\"></span>g from ins<span class=\"_ _0\"></span>uran<span class=\"_ _0\"></span>ce c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>s are reco<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>sed in prof<span class=\"_ _0\"></span>it o<span class=\"_ _0\"></span>r loss as the<span class=\"_ _0\"></span>y are incu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d. Th<span class=\"_ _0\"></span>ey exclu<span class=\"_ _0\"></span>de rep<span class=\"_ _0\"></span>ayme<span class=\"_ _0\"></span>nts of invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t com<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>nen<span class=\"_ _0\"></span>ts and co<span class=\"_ _0\"></span>mpr<span class=\"_ _0\"></span>ise th<span class=\"_ _0\"></span>e following i<span class=\"_ _0\"></span>tems:<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">inc<span class=\"_ _0\"></span>urre<span class=\"_ _0\"></span>d clai<span class=\"_ _0\"></span>ms and be<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ts, exclu<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>g investm<span class=\"_ _0\"></span>ent c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pon<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s redu<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>d by loss co<span class=\"_ _0\"></span>mpo<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>nt allo<span class=\"_ _0\"></span>cati<span class=\"_ _0\"></span>ons<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ls10 ws9\">incurred directly attribu<span class=\"_ _0\"></span>table expenses<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"lsea ws3a\">insura<span class=\"_ _0\"></span>nce ac<span class=\"_ _0\"></span>quisiti<span class=\"_ _0\"></span>on co<span class=\"_ _0\"></span>st amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tisatio<span class=\"_ _0\"></span>n<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce acq<span class=\"_ _0\"></span>uisi<span class=\"_ _0\"></span>tion c<span class=\"_ _0\"></span>ost ass<span class=\"_ _0\"></span>et imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t.<span class=\"_ _3b2\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDeferredAcquisitionCostsArisingFromInsuranceContractsExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-632": {
   "value": "Div<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>nds<span class=\"_ _3b2\"> </span>Interi<span class=\"_ _0\"></span>m divi<span class=\"_ _0\"></span>den<span class=\"_ _0\"></span>ds on ord<span class=\"_ _0\"></span>inar<span class=\"_ _3\"></span>y shares are de<span class=\"_ _0\"></span>du<span class=\"_ _0\"></span>cted fro<span class=\"_ _0\"></span>m retain<span class=\"_ _0\"></span>ed ear<span class=\"_ _0\"></span>nin<span class=\"_ _0\"></span>gs in the pe<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>od in whic<span class=\"_ _0\"></span>h they are pai<span class=\"_ _0\"></span>d. Fi<span class=\"_ _0\"></span>nal div<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>nds on o<span class=\"_ _0\"></span>rdina<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y shar<span class=\"_ _0\"></span>es are rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d as a liabilit<span class=\"_ _0\"></span>y in the p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>od in whi<span class=\"_ _0\"></span>ch the<span class=\"_ _0\"></span>y have bee<span class=\"_ _0\"></span>n approve<span class=\"_ _0\"></span>d by shareh<span class=\"_ _0\"></span>old<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s of the Com<span class=\"_ _0\"></span>pany.<span class=\"_ _3b2\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDividendsExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-633": {
   "value": "Ea<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>gs p<span class=\"_ _0\"></span>er sh<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>re<span class=\"_ _3b2\"> </span>Ear<span class=\"_ _0\"></span>nin<span class=\"_ _0\"></span>gs pe<span class=\"_ _0\"></span>r share is a measu<span class=\"_ _0\"></span>re of the por<span class=\"_ _3\"></span>tion of the Gro<span class=\"_ _0\"></span>up\u2019s profi<span class=\"_ _0\"></span>t alloc<span class=\"_ _0\"></span>ated to each ou<span class=\"_ _0\"></span>tst<span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>ing sha<span class=\"_ _0\"></span>re. It is cal<span class=\"_ _0\"></span>cul<span class=\"_ _0\"></span>ated by dividi<span class=\"_ _0\"></span>ng net in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me at<span class=\"_ _0\"></span>trib<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e to <span class=\"_ _1\"></span>ord<span class=\"_ _0\"></span>inar<span class=\"_ _3\"></span>y equi<span class=\"_ _0\"></span>ty h<span class=\"_ _0\"></span>old<span class=\"_ _0\"></span>ers by the wei<span class=\"_ _0\"></span>ghted avera<span class=\"_ _0\"></span>ge num<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r of ordinar<span class=\"_ _3\"></span>y shares in iss<span class=\"_ _0\"></span>ue dur<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e year, <span class=\"_ _1\"></span>exclu<span class=\"_ _0\"></span>ding e<span class=\"_ _0\"></span>mpl<span class=\"_ _0\"></span>oyee sc<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>me treasu<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y sha<span class=\"_ _0\"></span>res. Fo<span class=\"_ _0\"></span>r this pur<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>se, ne<span class=\"_ _0\"></span>t inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e is defin<span class=\"_ _0\"></span>ed as the p<span class=\"_ _0\"></span>rofi<span class=\"_ _0\"></span>t after ta<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>, att<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>uta<span class=\"_ _0\"></span>ble to equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y hol<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>s of the Com<span class=\"_ _0\"></span>pany, deri<span class=\"_ _0\"></span>ved fro<span class=\"_ _0\"></span>m contin<span class=\"_ _1\"></span>uing <span class=\"_ _1\"></span>operati<span class=\"_ _1\"></span>ons. For dilu<span class=\"_ _0\"></span>ted ear<span class=\"_ _0\"></span>nin<span class=\"_ _0\"></span>gs pe<span class=\"_ _0\"></span>r share<span class=\"_ _0\"></span>, the weigh<span class=\"_ _0\"></span>ted averag<span class=\"_ _0\"></span>e numb<span class=\"_ _0\"></span>er of ordin<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y sh<span class=\"_ _0\"></span>ares in issu<span class=\"_ _0\"></span>e, excl<span class=\"_ _0\"></span>udin<span class=\"_ _0\"></span>g emp<span class=\"_ _0\"></span>loye<span class=\"_ _0\"></span>e sche<span class=\"_ _0\"></span>me tre<span class=\"_ _0\"></span>asur<span class=\"_ _3\"></span>y shares<span class=\"_ _0\"></span>, is adjuste<span class=\"_ _0\"></span>d to <span class=\"_ _1\"></span>assu<span class=\"_ _0\"></span>me co<span class=\"_ _0\"></span>nversi<span class=\"_ _0\"></span>on of all <span class=\"_ _1\"></span>dilu<span class=\"_ _0\"></span>tive potenti<span class=\"_ _0\"></span>al ordina<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y share<span class=\"_ _0\"></span>s, suc<span class=\"_ _0\"></span>h as share options gra<span class=\"_ _0\"></span>nted to <span class=\"_ _1\"></span>em<span class=\"_ _0\"></span>ploye<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>. Potential or conti<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>nt share issu<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span> are treated as dilu<span class=\"_ _0\"></span>tive wh<span class=\"_ _0\"></span>en the<span class=\"_ _0\"></span>ir co<span class=\"_ _0\"></span>nversi<span class=\"_ _0\"></span>on to shares wou<span class=\"_ _0\"></span>ld de<span class=\"_ _0\"></span>crea<span class=\"_ _0\"></span>se net ear<span class=\"_ _0\"></span>nin<span class=\"_ _0\"></span>gs pe<span class=\"_ _0\"></span>r share.<span class=\"_ _3b2\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEarningsPerShareExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-723": {
   "value": "Int<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>ible as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span>Intan<span class=\"_ _0\"></span>gib<span class=\"_ _0\"></span>le asse<span class=\"_ _0\"></span>ts mainl<span class=\"_ _0\"></span>y con<span class=\"_ _0\"></span>sist of cap<span class=\"_ _0\"></span>itali<span class=\"_ _0\"></span>sed sof<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ware c<span class=\"_ _0\"></span>osts<span class=\"_ _0\"></span>. Wh<span class=\"_ _0\"></span>ere sof<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ware co<span class=\"_ _0\"></span>sts are sep<span class=\"_ _0\"></span>aratel<span class=\"_ _0\"></span>y ide<span class=\"_ _0\"></span>ntif<span class=\"_ _0\"></span>iab<span class=\"_ _0\"></span>le and me<span class=\"_ _0\"></span>asur<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e, the<span class=\"_ _0\"></span>y are capi<span class=\"_ _0\"></span>talis<span class=\"_ _0\"></span>ed at cos<span class=\"_ _0\"></span>t and amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>ed over th<span class=\"_ _0\"></span>eir exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted usef<span class=\"_ _0\"></span>ul life on a stra<span class=\"_ _0\"></span>ight-<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>ne basis<span class=\"_ _0\"></span>. Cos<span class=\"_ _0\"></span>ts inc<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>red to interna<span class=\"_ _0\"></span>lly deve<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>p sof<span class=\"_ _0\"></span>twa<span class=\"_ _0\"></span>re are only c<span class=\"_ _0\"></span>apit<span class=\"_ _0\"></span>alise<span class=\"_ _0\"></span>d if the exp<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>itu<span class=\"_ _0\"></span>re can be me<span class=\"_ _0\"></span>asure<span class=\"_ _0\"></span>d relia<span class=\"_ _0\"></span>bly, the prod<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>t or pro<span class=\"_ _0\"></span>ces<span class=\"_ _0\"></span>s is techni<span class=\"_ _0\"></span>call<span class=\"_ _0\"></span>y and co<span class=\"_ _0\"></span>mm<span class=\"_ _0\"></span>erc<span class=\"_ _0\"></span>ially feasi<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span>, futu<span class=\"_ _0\"></span>re ec<span class=\"_ _0\"></span>ono<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>c ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>ts are prob<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e and the Gro<span class=\"_ _0\"></span>up inten<span class=\"_ _0\"></span>ds to and has suf<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ici<span class=\"_ _0\"></span>ent reso<span class=\"_ _0\"></span>urc<span class=\"_ _0\"></span>es to<span class=\"_ gsec\"> </span>com<span class=\"_ _0\"></span>plete su<span class=\"_ _0\"></span>ch deve<span class=\"_ _0\"></span>lop<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt and to use or sell th<span class=\"_ _0\"></span>e asset<span class=\"_ _0\"></span>. Ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>wise<span class=\"_ _0\"></span>, such c<span class=\"_ _0\"></span>osts are re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed in prof<span class=\"_ _0\"></span>it or lo<span class=\"_ _0\"></span>ss as inc<span class=\"_ _0\"></span>urre<span class=\"_ _0\"></span>d. T<span class=\"_ _0\"></span>he es<span class=\"_ _0\"></span>timated<span class=\"_ _0\"></span> amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n per<span class=\"_ _0\"></span>iod for IT d<span class=\"_ _0\"></span>evelo<span class=\"_ _0\"></span>pm<span class=\"_ _0\"></span>ent c<span class=\"_ _0\"></span>osts an<span class=\"_ _0\"></span>d sof<span class=\"_ _0\"></span>twa<span class=\"_ _0\"></span>re is bet<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n 3 and 1<span class=\"_ _1\"></span>0 years<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Intan<span class=\"_ _0\"></span>gib<span class=\"_ _0\"></span>le ass<span class=\"_ _0\"></span>ets ac<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>red vi<span class=\"_ _0\"></span>a busi<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>s co<span class=\"_ _0\"></span>mbin<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns are re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed at fai<span class=\"_ _0\"></span>r value a<span class=\"_ _0\"></span>nd are s<span class=\"_ _0\"></span>ubse<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>entl<span class=\"_ _0\"></span>y amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>sed o<span class=\"_ _0\"></span>n a str<span class=\"_ _0\"></span>aight-<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ine b<span class=\"_ _0\"></span>asis over<span class=\"_ _0\"></span> thei<span class=\"_ _0\"></span>r estim<span class=\"_ _0\"></span>ated usef<span class=\"_ _0\"></span>ul life. Am<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>tisatio<span class=\"_ _0\"></span>n meth<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>s, usef<span class=\"_ _0\"></span>ul lives an<span class=\"_ _0\"></span>d any expe<span class=\"_ _0\"></span>cted res<span class=\"_ _0\"></span>idua<span class=\"_ _0\"></span>l values are rev<span class=\"_ _0\"></span>iewed at ea<span class=\"_ _0\"></span>ch rep<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>ting date and adjus<span class=\"_ _0\"></span>ted if app<span class=\"_ _0\"></span>ropr<span class=\"_ _0\"></span>iate. Intan<span class=\"_ _0\"></span>gib<span class=\"_ _0\"></span>le asse<span class=\"_ _0\"></span>ts are tested for impa<span class=\"_ _0\"></span>irm<span class=\"_ _0\"></span>ent ei<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r indi<span class=\"_ _0\"></span>vid<span class=\"_ _0\"></span>uall<span class=\"_ _0\"></span>y or at the cash<span class=\"_ _3\"></span>-<span class=\"_ _0\"></span>gen<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ating un<span class=\"_ _0\"></span>it leve<span class=\"_ _0\"></span>l. Inta<span class=\"_ _0\"></span>ngib<span class=\"_ _0\"></span>le asse<span class=\"_ _0\"></span>ts with in<span class=\"_ _0\"></span>def<span class=\"_ _0\"></span>ini<span class=\"_ _0\"></span>te useful live<span class=\"_ _0\"></span>s and intan<span class=\"_ _0\"></span>gib<span class=\"_ _0\"></span>le asse<span class=\"_ _0\"></span>ts not yet availab<span class=\"_ _0\"></span>le for use are tested for imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt at least an<span class=\"_ _0\"></span>nuall<span class=\"_ _0\"></span>y, or wheneve<span class=\"_ _0\"></span>r events o<span class=\"_ _0\"></span>r chan<span class=\"_ _0\"></span>ges in cir<span class=\"_ _0\"></span>cum<span class=\"_ _0\"></span>stan<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>s indic<span class=\"_ _0\"></span>ate that the c<span class=\"_ _0\"></span>arr<span class=\"_ _3\"></span>ying am<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nt may not be rec<span class=\"_ _0\"></span>overa<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span>. Intan<span class=\"_ _0\"></span>gibl<span class=\"_ _0\"></span>e asset<span class=\"_ _0\"></span>s with f<span class=\"_ _0\"></span>inite usef<span class=\"_ _0\"></span>ul lives are tested wh<span class=\"_ _0\"></span>en the<span class=\"_ _0\"></span>re are indi<span class=\"_ _0\"></span>cati<span class=\"_ _0\"></span>ons of imp<span class=\"_ _0\"></span>airm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t. Th<span class=\"_ _0\"></span>e recove<span class=\"_ _0\"></span>rab<span class=\"_ _0\"></span>le amo<span class=\"_ _0\"></span>unt is the hi<span class=\"_ _0\"></span>ghe<span class=\"_ _0\"></span>r of an asset<span class=\"_ _0\"></span>\u2019s fair value less c<span class=\"_ _0\"></span>osts to sell an<span class=\"_ _0\"></span>d its value in us<span class=\"_ _0\"></span>e.<span class=\"_ _3b2\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForResearchAndDevelopmentExpenseExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-678": {
   "value": "Int<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>ible as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span>Intan<span class=\"_ _0\"></span>gib<span class=\"_ _0\"></span>le asse<span class=\"_ _0\"></span>ts mainl<span class=\"_ _0\"></span>y con<span class=\"_ _0\"></span>sist of cap<span class=\"_ _0\"></span>itali<span class=\"_ _0\"></span>sed sof<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ware c<span class=\"_ _0\"></span>osts<span class=\"_ _0\"></span>. Wh<span class=\"_ _0\"></span>ere sof<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ware co<span class=\"_ _0\"></span>sts are sep<span class=\"_ _0\"></span>aratel<span class=\"_ _0\"></span>y ide<span class=\"_ _0\"></span>ntif<span class=\"_ _0\"></span>iab<span class=\"_ _0\"></span>le and me<span class=\"_ _0\"></span>asur<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e, the<span class=\"_ _0\"></span>y are capi<span class=\"_ _0\"></span>talis<span class=\"_ _0\"></span>ed at cos<span class=\"_ _0\"></span>t and amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>ed over th<span class=\"_ _0\"></span>eir exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted usef<span class=\"_ _0\"></span>ul life on a stra<span class=\"_ _0\"></span>ight-<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>ne basis<span class=\"_ _0\"></span>. Cos<span class=\"_ _0\"></span>ts inc<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>red to interna<span class=\"_ _0\"></span>lly deve<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>p sof<span class=\"_ _0\"></span>twa<span class=\"_ _0\"></span>re are only c<span class=\"_ _0\"></span>apit<span class=\"_ _0\"></span>alise<span class=\"_ _0\"></span>d if the exp<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>itu<span class=\"_ _0\"></span>re can be me<span class=\"_ _0\"></span>asure<span class=\"_ _0\"></span>d relia<span class=\"_ _0\"></span>bly, the prod<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>t or pro<span class=\"_ _0\"></span>ces<span class=\"_ _0\"></span>s is techni<span class=\"_ _0\"></span>call<span class=\"_ _0\"></span>y and co<span class=\"_ _0\"></span>mm<span class=\"_ _0\"></span>erc<span class=\"_ _0\"></span>ially feasi<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span>, futu<span class=\"_ _0\"></span>re ec<span class=\"_ _0\"></span>ono<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>c ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>ts are prob<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e and the Gro<span class=\"_ _0\"></span>up inten<span class=\"_ _0\"></span>ds to and has suf<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ici<span class=\"_ _0\"></span>ent reso<span class=\"_ _0\"></span>urc<span class=\"_ _0\"></span>es to<span class=\"_ gsec\"> </span>com<span class=\"_ _0\"></span>plete su<span class=\"_ _0\"></span>ch deve<span class=\"_ _0\"></span>lop<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt and to use or sell th<span class=\"_ _0\"></span>e asset<span class=\"_ _0\"></span>. Ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>wise<span class=\"_ _0\"></span>, such c<span class=\"_ _0\"></span>osts are re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed in prof<span class=\"_ _0\"></span>it or lo<span class=\"_ _0\"></span>ss as inc<span class=\"_ _0\"></span>urre<span class=\"_ _0\"></span>d. T<span class=\"_ _0\"></span>he es<span class=\"_ _0\"></span>timated<span class=\"_ _0\"></span> amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n per<span class=\"_ _0\"></span>iod for IT d<span class=\"_ _0\"></span>evelo<span class=\"_ _0\"></span>pm<span class=\"_ _0\"></span>ent c<span class=\"_ _0\"></span>osts an<span class=\"_ _0\"></span>d sof<span class=\"_ _0\"></span>twa<span class=\"_ _0\"></span>re is bet<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n 3 and 1<span class=\"_ _1\"></span>0 years<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Intan<span class=\"_ _0\"></span>gib<span class=\"_ _0\"></span>le ass<span class=\"_ _0\"></span>ets ac<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>red vi<span class=\"_ _0\"></span>a busi<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>s co<span class=\"_ _0\"></span>mbin<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns are re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed at fai<span class=\"_ _0\"></span>r value a<span class=\"_ _0\"></span>nd are s<span class=\"_ _0\"></span>ubse<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>entl<span class=\"_ _0\"></span>y amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>sed o<span class=\"_ _0\"></span>n a str<span class=\"_ _0\"></span>aight-<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ine b<span class=\"_ _0\"></span>asis over<span class=\"_ _0\"></span> thei<span class=\"_ _0\"></span>r estim<span class=\"_ _0\"></span>ated usef<span class=\"_ _0\"></span>ul life. Am<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>tisatio<span class=\"_ _0\"></span>n meth<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>s, usef<span class=\"_ _0\"></span>ul lives an<span class=\"_ _0\"></span>d any expe<span class=\"_ _0\"></span>cted res<span class=\"_ _0\"></span>idua<span class=\"_ _0\"></span>l values are rev<span class=\"_ _0\"></span>iewed at ea<span class=\"_ _0\"></span>ch rep<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>ting date and adjus<span class=\"_ _0\"></span>ted if app<span class=\"_ _0\"></span>ropr<span class=\"_ _0\"></span>iate. Intan<span class=\"_ _0\"></span>gib<span class=\"_ _0\"></span>le asse<span class=\"_ _0\"></span>ts are tested for impa<span class=\"_ _0\"></span>irm<span class=\"_ _0\"></span>ent ei<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r indi<span class=\"_ _0\"></span>vid<span class=\"_ _0\"></span>uall<span class=\"_ _0\"></span>y or at the cash<span class=\"_ _3\"></span>-<span class=\"_ _0\"></span>gen<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ating un<span class=\"_ _0\"></span>it leve<span class=\"_ _0\"></span>l. Inta<span class=\"_ _0\"></span>ngib<span class=\"_ _0\"></span>le asse<span class=\"_ _0\"></span>ts with in<span class=\"_ _0\"></span>def<span class=\"_ _0\"></span>ini<span class=\"_ _0\"></span>te useful live<span class=\"_ _0\"></span>s and intan<span class=\"_ _0\"></span>gib<span class=\"_ _0\"></span>le asse<span class=\"_ _0\"></span>ts not yet availab<span class=\"_ _0\"></span>le for use are tested for imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt at least an<span class=\"_ _0\"></span>nuall<span class=\"_ _0\"></span>y, or wheneve<span class=\"_ _0\"></span>r events o<span class=\"_ _0\"></span>r chan<span class=\"_ _0\"></span>ges in cir<span class=\"_ _0\"></span>cum<span class=\"_ _0\"></span>stan<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>s indic<span class=\"_ _0\"></span>ate that the c<span class=\"_ _0\"></span>arr<span class=\"_ _3\"></span>ying am<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nt may not be rec<span class=\"_ _0\"></span>overa<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span>. Intan<span class=\"_ _0\"></span>gibl<span class=\"_ _0\"></span>e asset<span class=\"_ _0\"></span>s with f<span class=\"_ _0\"></span>inite usef<span class=\"_ _0\"></span>ul lives are tested wh<span class=\"_ _0\"></span>en the<span class=\"_ _0\"></span>re are indi<span class=\"_ _0\"></span>cati<span class=\"_ _0\"></span>ons of imp<span class=\"_ _0\"></span>airm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t. Th<span class=\"_ _0\"></span>e recove<span class=\"_ _0\"></span>rab<span class=\"_ _0\"></span>le amo<span class=\"_ _0\"></span>unt is the hi<span class=\"_ _0\"></span>ghe<span class=\"_ _0\"></span>r of an asset<span class=\"_ _0\"></span>\u2019s fair value less c<span class=\"_ _0\"></span>osts to sell an<span class=\"_ _0\"></span>d its value in us<span class=\"_ _0\"></span>e.<span class=\"_ _3b2\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-634": {
   "value": "Int<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>ible as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span>Intan<span class=\"_ _0\"></span>gib<span class=\"_ _0\"></span>le asse<span class=\"_ _0\"></span>ts mainl<span class=\"_ _0\"></span>y con<span class=\"_ _0\"></span>sist of cap<span class=\"_ _0\"></span>itali<span class=\"_ _0\"></span>sed sof<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ware c<span class=\"_ _0\"></span>osts<span class=\"_ _0\"></span>. Wh<span class=\"_ _0\"></span>ere sof<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ware co<span class=\"_ _0\"></span>sts are sep<span class=\"_ _0\"></span>aratel<span class=\"_ _0\"></span>y ide<span class=\"_ _0\"></span>ntif<span class=\"_ _0\"></span>iab<span class=\"_ _0\"></span>le and me<span class=\"_ _0\"></span>asur<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e, the<span class=\"_ _0\"></span>y are capi<span class=\"_ _0\"></span>talis<span class=\"_ _0\"></span>ed at cos<span class=\"_ _0\"></span>t and amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>ed over th<span class=\"_ _0\"></span>eir exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted usef<span class=\"_ _0\"></span>ul life on a stra<span class=\"_ _0\"></span>ight-<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>ne basis<span class=\"_ _0\"></span>. Cos<span class=\"_ _0\"></span>ts inc<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>red to interna<span class=\"_ _0\"></span>lly deve<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>p sof<span class=\"_ _0\"></span>twa<span class=\"_ _0\"></span>re are only c<span class=\"_ _0\"></span>apit<span class=\"_ _0\"></span>alise<span class=\"_ _0\"></span>d if the exp<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>itu<span class=\"_ _0\"></span>re can be me<span class=\"_ _0\"></span>asure<span class=\"_ _0\"></span>d relia<span class=\"_ _0\"></span>bly, the prod<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>t or pro<span class=\"_ _0\"></span>ces<span class=\"_ _0\"></span>s is techni<span class=\"_ _0\"></span>call<span class=\"_ _0\"></span>y and co<span class=\"_ _0\"></span>mm<span class=\"_ _0\"></span>erc<span class=\"_ _0\"></span>ially feasi<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span>, futu<span class=\"_ _0\"></span>re ec<span class=\"_ _0\"></span>ono<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>c ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>ts are prob<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e and the Gro<span class=\"_ _0\"></span>up inten<span class=\"_ _0\"></span>ds to and has suf<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ici<span class=\"_ _0\"></span>ent reso<span class=\"_ _0\"></span>urc<span class=\"_ _0\"></span>es to<span class=\"_ gsec\"> </span>com<span class=\"_ _0\"></span>plete su<span class=\"_ _0\"></span>ch deve<span class=\"_ _0\"></span>lop<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt and to use or sell th<span class=\"_ _0\"></span>e asset<span class=\"_ _0\"></span>. Ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>wise<span class=\"_ _0\"></span>, such c<span class=\"_ _0\"></span>osts are re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed in prof<span class=\"_ _0\"></span>it or lo<span class=\"_ _0\"></span>ss as inc<span class=\"_ _0\"></span>urre<span class=\"_ _0\"></span>d. T<span class=\"_ _0\"></span>he es<span class=\"_ _0\"></span>timated<span class=\"_ _0\"></span> amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n per<span class=\"_ _0\"></span>iod for IT d<span class=\"_ _0\"></span>evelo<span class=\"_ _0\"></span>pm<span class=\"_ _0\"></span>ent c<span class=\"_ _0\"></span>osts an<span class=\"_ _0\"></span>d sof<span class=\"_ _0\"></span>twa<span class=\"_ _0\"></span>re is bet<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n 3 and 1<span class=\"_ _1\"></span>0 years<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Intan<span class=\"_ _0\"></span>gib<span class=\"_ _0\"></span>le ass<span class=\"_ _0\"></span>ets ac<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>red vi<span class=\"_ _0\"></span>a busi<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>s co<span class=\"_ _0\"></span>mbin<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns are re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed at fai<span class=\"_ _0\"></span>r value a<span class=\"_ _0\"></span>nd are s<span class=\"_ _0\"></span>ubse<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>entl<span class=\"_ _0\"></span>y amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>sed o<span class=\"_ _0\"></span>n a str<span class=\"_ _0\"></span>aight-<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ine b<span class=\"_ _0\"></span>asis over<span class=\"_ _0\"></span> thei<span class=\"_ _0\"></span>r estim<span class=\"_ _0\"></span>ated usef<span class=\"_ _0\"></span>ul life. Am<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>tisatio<span class=\"_ _0\"></span>n meth<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>s, usef<span class=\"_ _0\"></span>ul lives an<span class=\"_ _0\"></span>d any expe<span class=\"_ _0\"></span>cted res<span class=\"_ _0\"></span>idua<span class=\"_ _0\"></span>l values are rev<span class=\"_ _0\"></span>iewed at ea<span class=\"_ _0\"></span>ch rep<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>ting date and adjus<span class=\"_ _0\"></span>ted if app<span class=\"_ _0\"></span>ropr<span class=\"_ _0\"></span>iate. Intan<span class=\"_ _0\"></span>gib<span class=\"_ _0\"></span>le asse<span class=\"_ _0\"></span>ts are tested for impa<span class=\"_ _0\"></span>irm<span class=\"_ _0\"></span>ent ei<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r indi<span class=\"_ _0\"></span>vid<span class=\"_ _0\"></span>uall<span class=\"_ _0\"></span>y or at the cash<span class=\"_ _3\"></span>-<span class=\"_ _0\"></span>gen<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ating un<span class=\"_ _0\"></span>it leve<span class=\"_ _0\"></span>l. Inta<span class=\"_ _0\"></span>ngib<span class=\"_ _0\"></span>le asse<span class=\"_ _0\"></span>ts with in<span class=\"_ _0\"></span>def<span class=\"_ _0\"></span>ini<span class=\"_ _0\"></span>te useful live<span class=\"_ _0\"></span>s and intan<span class=\"_ _0\"></span>gib<span class=\"_ _0\"></span>le asse<span class=\"_ _0\"></span>ts not yet availab<span class=\"_ _0\"></span>le for use are tested for imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt at least an<span class=\"_ _0\"></span>nuall<span class=\"_ _0\"></span>y, or wheneve<span class=\"_ _0\"></span>r events o<span class=\"_ _0\"></span>r chan<span class=\"_ _0\"></span>ges in cir<span class=\"_ _0\"></span>cum<span class=\"_ _0\"></span>stan<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>s indic<span class=\"_ _0\"></span>ate that the c<span class=\"_ _0\"></span>arr<span class=\"_ _3\"></span>ying am<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nt may not be rec<span class=\"_ _0\"></span>overa<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span>. Intan<span class=\"_ _0\"></span>gibl<span class=\"_ _0\"></span>e asset<span class=\"_ _0\"></span>s with f<span class=\"_ _0\"></span>inite usef<span class=\"_ _0\"></span>ul lives are tested wh<span class=\"_ _0\"></span>en the<span class=\"_ _0\"></span>re are indi<span class=\"_ _0\"></span>cati<span class=\"_ _0\"></span>ons of imp<span class=\"_ _0\"></span>airm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t. Th<span class=\"_ _0\"></span>e recove<span class=\"_ _0\"></span>rab<span class=\"_ _0\"></span>le amo<span class=\"_ _0\"></span>unt is the hi<span class=\"_ _0\"></span>ghe<span class=\"_ _0\"></span>r of an asset<span class=\"_ _0\"></span>\u2019s fair value less c<span class=\"_ _0\"></span>osts to sell an<span class=\"_ _0\"></span>d its value in us<span class=\"_ _0\"></span>e.<span class=\"_ _3b2\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-718": {
   "value": "Intan<span class=\"_ _0\"></span>gib<span class=\"_ _0\"></span>le asse<span class=\"_ _0\"></span>ts are tested for impa<span class=\"_ _0\"></span>irm<span class=\"_ _0\"></span>ent ei<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r indi<span class=\"_ _0\"></span>vid<span class=\"_ _0\"></span>uall<span class=\"_ _0\"></span>y or at the cash<span class=\"_ _3\"></span>-<span class=\"_ _0\"></span>gen<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ating un<span class=\"_ _0\"></span>it leve<span class=\"_ _0\"></span>l. Inta<span class=\"_ _0\"></span>ngib<span class=\"_ _0\"></span>le asse<span class=\"_ _0\"></span>ts with in<span class=\"_ _0\"></span>def<span class=\"_ _0\"></span>ini<span class=\"_ _0\"></span>te useful live<span class=\"_ _0\"></span>s and intan<span class=\"_ _0\"></span>gib<span class=\"_ _0\"></span>le asse<span class=\"_ _0\"></span>ts not yet availab<span class=\"_ _0\"></span>le for use are tested for imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt at least an<span class=\"_ _0\"></span>nuall<span class=\"_ _0\"></span>y, or wheneve<span class=\"_ _0\"></span>r events o<span class=\"_ _0\"></span>r chan<span class=\"_ _0\"></span>ges in cir<span class=\"_ _0\"></span>cum<span class=\"_ _0\"></span>stan<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>s indic<span class=\"_ _0\"></span>ate that the c<span class=\"_ _0\"></span>arr<span class=\"_ _3\"></span>ying am<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nt may not be rec<span class=\"_ _0\"></span>overa<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span>. Intan<span class=\"_ _0\"></span>gibl<span class=\"_ _0\"></span>e asset<span class=\"_ _0\"></span>s with f<span class=\"_ _0\"></span>inite usef<span class=\"_ _0\"></span>ul lives are tested wh<span class=\"_ _0\"></span>en the<span class=\"_ _0\"></span>re are indi<span class=\"_ _0\"></span>cati<span class=\"_ _0\"></span>ons of imp<span class=\"_ _0\"></span>airm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t. Th<span class=\"_ _0\"></span>e recove<span class=\"_ _0\"></span>rab<span class=\"_ _0\"></span>le amo<span class=\"_ _0\"></span>unt is the hi<span class=\"_ _0\"></span>ghe<span class=\"_ _0\"></span>r of an asset<span class=\"_ _0\"></span>\u2019s fair value less c<span class=\"_ _0\"></span>osts to sell an<span class=\"_ _0\"></span>d its value in us<span class=\"_ _0\"></span>e.<span class=\"_ _3b2\"> </span>An im<span class=\"_ _0\"></span>pair<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt revie<span class=\"_ _0\"></span>w of Prope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, plant and eq<span class=\"_ _0\"></span>uipm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t not car<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>d at fair value is pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>form<span class=\"_ _0\"></span>ed wh<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ever even<span class=\"_ _0\"></span>ts or cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>s in circu<span class=\"_ _0\"></span>mst<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>es indi<span class=\"_ _0\"></span>cate that the<span class=\"_ _0\"></span>ir car<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 may not be rec<span class=\"_ _0\"></span>overa<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span>. Whe<span class=\"_ _0\"></span>re the ca<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing am<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nt of an asset is greater tha<span class=\"_ _0\"></span>n its esti<span class=\"_ _0\"></span>mated re<span class=\"_ _0\"></span>cover<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e amo<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>, whic<span class=\"_ _0\"></span>h is the highe<span class=\"_ _0\"></span>r of the asset<span class=\"_ _0\"></span>s fair value le<span class=\"_ _0\"></span>ss cos<span class=\"_ _0\"></span>ts of dispos<span class=\"_ _0\"></span>al and valu<span class=\"_ _0\"></span>e in use, i<span class=\"_ _0\"></span>t is writ<span class=\"_ _0\"></span>ten down im<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>diatel<span class=\"_ _0\"></span>y to its recover<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e amo<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>, with an imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt loss re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed in the C<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>olid<span class=\"_ _0\"></span>ated Inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e S<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-635": {
   "value": "Investment propert<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span>Invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ty co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>rise<span class=\"_ _0\"></span>s land and b<span class=\"_ _0\"></span>uildi<span class=\"_ _0\"></span>ngs whi<span class=\"_ _0\"></span>ch are he<span class=\"_ _0\"></span>ld for lon<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>-ter<span class=\"_ _0\"></span>m rent<span class=\"_ _0\"></span>al yiel<span class=\"_ _0\"></span>ds and ca<span class=\"_ _0\"></span>pit<span class=\"_ _0\"></span>al grow<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>, as well as right-<span class=\"_ _3\"></span>of-us<span class=\"_ _0\"></span>e asset<span class=\"_ _0\"></span>s of the sam<span class=\"_ _0\"></span>e nature<span class=\"_ _0\"></span>, and are not oc<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>pie<span class=\"_ _0\"></span>d by the Grou<span class=\"_ _0\"></span>p. Com<span class=\"_ _0\"></span>pl<span class=\"_ _0\"></span>eted invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ty is ca<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>ied at fair valu<span class=\"_ _0\"></span>e with ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>es in fair value re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed in the Co<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>lidate<span class=\"_ _0\"></span>d Inco<span class=\"_ _0\"></span>me S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ateme<span class=\"_ _0\"></span>nt withi<span class=\"_ _0\"></span>n Investm<span class=\"_ _0\"></span>ent re<span class=\"_ _0\"></span>turn<span class=\"_ _0\"></span>. Invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ties und<span class=\"_ _0\"></span>er co<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>tru<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on are inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>ed wit<span class=\"_ _0\"></span>hin Pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, plant and equ<span class=\"_ _0\"></span>ipm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>, and are state<span class=\"_ _0\"></span>d at cost le<span class=\"_ _0\"></span>ss any impa<span class=\"_ _0\"></span>irm<span class=\"_ _0\"></span>ent un<span class=\"_ _0\"></span>til co<span class=\"_ _0\"></span>nstr<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n is comp<span class=\"_ _0\"></span>lete<span class=\"_ _0\"></span>d or fair value be<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>es relia<span class=\"_ _0\"></span>bly me<span class=\"_ _0\"></span>asur<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e.<span class=\"_ _3b2\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentPropertyExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-636": {
   "value": "Cas<span class=\"_ _0\"></span>h a<span class=\"_ _0\"></span>nd ca<span class=\"_ _0\"></span>sh equ<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>nts<span class=\"_ _3b2\"> </span>Cash an<span class=\"_ _0\"></span>d cash e<span class=\"_ _0\"></span>quiv<span class=\"_ _0\"></span>alen<span class=\"_ _0\"></span>ts incl<span class=\"_ _0\"></span>ude c<span class=\"_ _0\"></span>ash in han<span class=\"_ _0\"></span>d, de<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>its he<span class=\"_ _0\"></span>ld at call wit<span class=\"_ _0\"></span>h banks<span class=\"_ _0\"></span>, treas<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>y bill<span class=\"_ _0\"></span>s and othe<span class=\"_ _0\"></span>r shor<span class=\"_ _3\"></span>t-ter<span class=\"_ _0\"></span>m highl<span class=\"_ _0\"></span>y liqui<span class=\"_ _0\"></span>d investm<span class=\"_ _0\"></span>ents wi<span class=\"_ _0\"></span>th matur<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>es of three mo<span class=\"_ _0\"></span>nths o<span class=\"_ _0\"></span>r less fro<span class=\"_ _0\"></span>m the date of acquis<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>n.<span class=\"_ _3b2\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-679": {
   "value": "Pr<span class=\"_ _0\"></span>ope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _1\"></span>, pla<span class=\"_ _0\"></span>nt a<span class=\"_ _0\"></span>nd eq<span class=\"_ _0\"></span>uipm<span class=\"_ _0\"></span>ent<span class=\"_ _3b2\"> </span>Prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ty, plant and e<span class=\"_ _0\"></span>quip<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>es tang<span class=\"_ _0\"></span>ibl<span class=\"_ _0\"></span>e assets own<span class=\"_ _0\"></span>ed by the Gro<span class=\"_ _0\"></span>up (such as land an<span class=\"_ _0\"></span>d off<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e and othe<span class=\"_ _0\"></span>r build<span class=\"_ _0\"></span>ings) or held un<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r lease<span class=\"_ _0\"></span> arr<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ents (such as of<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ce bui<span class=\"_ _0\"></span>ldin<span class=\"_ _0\"></span>gs, I<span class=\"_ _0\"></span>T equi<span class=\"_ _0\"></span>pm<span class=\"_ _0\"></span>ent and ve<span class=\"_ _0\"></span>hicl<span class=\"_ _0\"></span>es). Proper<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>y, <span class=\"_ _1\"></span>plan<span class=\"_ _0\"></span>t and equ<span class=\"_ _0\"></span>ipm<span class=\"_ _0\"></span>ent in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>des own<span class=\"_ _0\"></span>er oc<span class=\"_ _0\"></span>cup<span class=\"_ _0\"></span>ied p<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y he<span class=\"_ _0\"></span>ld by a fun<span class=\"_ _0\"></span>d, the un<span class=\"_ _0\"></span>its of whic<span class=\"_ _0\"></span>h deter<span class=\"_ _0\"></span>mine b<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>ts for its inves<span class=\"_ _0\"></span>tors. In ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>rdan<span class=\"_ _0\"></span>ce wi<span class=\"_ _0\"></span>th IA<span class=\"_ _0\"></span>S 1<span class=\"_ _1\"></span>6, \u2018<span class=\"_ _0\"></span>Pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, Plant and Equi<span class=\"_ _0\"></span>pme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>\u2019, the Group has el<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted to meas<span class=\"_ _0\"></span>ure this ass<span class=\"_ _0\"></span>et at fair value<span class=\"_ _0\"></span>, with ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>es in fair valu<span class=\"_ _0\"></span>e reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed in the C<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>olid<span class=\"_ _0\"></span>ated Inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e S<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent wit<span class=\"_ _0\"></span>hin Invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt retur<span class=\"_ _0\"></span>n.<span class=\"_ _0\"></span> All oth<span class=\"_ _0\"></span>er asse<span class=\"_ _0\"></span>ts with<span class=\"_ _0\"></span>in Prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ty, plant and e<span class=\"_ _0\"></span>quip<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt are car<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>d at histor<span class=\"_ _0\"></span>ica<span class=\"_ _0\"></span>l cost le<span class=\"_ _0\"></span>ss ac<span class=\"_ _0\"></span>cum<span class=\"_ _0\"></span>ulated de<span class=\"_ _0\"></span>pre<span class=\"_ _0\"></span>ciat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>, cal<span class=\"_ _0\"></span>culate<span class=\"_ _0\"></span>d on a straig<span class=\"_ _0\"></span>ht-<span class=\"_ _0\"></span>lin<span class=\"_ _0\"></span>e basis over th<span class=\"_ _0\"></span>eir est<span class=\"_ _0\"></span>imated us<span class=\"_ _0\"></span>eful life. A<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n meth<span class=\"_ _0\"></span>ods<span class=\"_ _0\"></span>, usefu<span class=\"_ _0\"></span>l lives and any exp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>cted resid<span class=\"_ _0\"></span>ual valu<span class=\"_ _0\"></span>es are revi<span class=\"_ _0\"></span>ewed at eac<span class=\"_ _0\"></span>h repo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng date and<span class=\"_ gsec\"> </span>ad<span class=\"_ _0\"></span>justed if ap<span class=\"_ _0\"></span>pro<span class=\"_ _0\"></span>pri<span class=\"_ _0\"></span>ate. An im<span class=\"_ _0\"></span>pair<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt revie<span class=\"_ _0\"></span>w of Prope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, plant and eq<span class=\"_ _0\"></span>uipm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t not car<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>d at fair value is pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>form<span class=\"_ _0\"></span>ed wh<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ever even<span class=\"_ _0\"></span>ts or cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>s in circu<span class=\"_ _0\"></span>mst<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>es indi<span class=\"_ _0\"></span>cate that the<span class=\"_ _0\"></span>ir car<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 may not be rec<span class=\"_ _0\"></span>overa<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span>. Whe<span class=\"_ _0\"></span>re the ca<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing am<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nt of an asset is greater tha<span class=\"_ _0\"></span>n its esti<span class=\"_ _0\"></span>mated re<span class=\"_ _0\"></span>cover<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e amo<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>, whic<span class=\"_ _0\"></span>h is the highe<span class=\"_ _0\"></span>r of the asset<span class=\"_ _0\"></span>s fair value le<span class=\"_ _0\"></span>ss cos<span class=\"_ _0\"></span>ts of dispos<span class=\"_ _0\"></span>al and valu<span class=\"_ _0\"></span>e in use, i<span class=\"_ _0\"></span>t is writ<span class=\"_ _0\"></span>ten down im<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>diatel<span class=\"_ _0\"></span>y to its recover<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e amo<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>, with an imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt loss re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed in the C<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>olid<span class=\"_ _0\"></span>ated Inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e S<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDepreciationExpenseExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-637": {
   "value": "Pr<span class=\"_ _0\"></span>ope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _1\"></span>, pla<span class=\"_ _0\"></span>nt a<span class=\"_ _0\"></span>nd eq<span class=\"_ _0\"></span>uipm<span class=\"_ _0\"></span>ent<span class=\"_ _3b2\"> </span>Prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ty, plant and e<span class=\"_ _0\"></span>quip<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>es tang<span class=\"_ _0\"></span>ibl<span class=\"_ _0\"></span>e assets own<span class=\"_ _0\"></span>ed by the Gro<span class=\"_ _0\"></span>up (such as land an<span class=\"_ _0\"></span>d off<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e and othe<span class=\"_ _0\"></span>r build<span class=\"_ _0\"></span>ings) or held un<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r lease<span class=\"_ _0\"></span> arr<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ents (such as of<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ce bui<span class=\"_ _0\"></span>ldin<span class=\"_ _0\"></span>gs, I<span class=\"_ _0\"></span>T equi<span class=\"_ _0\"></span>pm<span class=\"_ _0\"></span>ent and ve<span class=\"_ _0\"></span>hicl<span class=\"_ _0\"></span>es). Proper<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>y, <span class=\"_ _1\"></span>plan<span class=\"_ _0\"></span>t and equ<span class=\"_ _0\"></span>ipm<span class=\"_ _0\"></span>ent in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>des own<span class=\"_ _0\"></span>er oc<span class=\"_ _0\"></span>cup<span class=\"_ _0\"></span>ied p<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y he<span class=\"_ _0\"></span>ld by a fun<span class=\"_ _0\"></span>d, the un<span class=\"_ _0\"></span>its of whic<span class=\"_ _0\"></span>h deter<span class=\"_ _0\"></span>mine b<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>ts for its inves<span class=\"_ _0\"></span>tors. In ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>rdan<span class=\"_ _0\"></span>ce wi<span class=\"_ _0\"></span>th IA<span class=\"_ _0\"></span>S 1<span class=\"_ _1\"></span>6, \u2018<span class=\"_ _0\"></span>Pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, Plant and Equi<span class=\"_ _0\"></span>pme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>\u2019, the Group has el<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted to meas<span class=\"_ _0\"></span>ure this ass<span class=\"_ _0\"></span>et at fair value<span class=\"_ _0\"></span>, with ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>es in fair valu<span class=\"_ _0\"></span>e reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed in the C<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>olid<span class=\"_ _0\"></span>ated Inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e S<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent wit<span class=\"_ _0\"></span>hin Invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt retur<span class=\"_ _0\"></span>n.<span class=\"_ _0\"></span> All oth<span class=\"_ _0\"></span>er asse<span class=\"_ _0\"></span>ts with<span class=\"_ _0\"></span>in Prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ty, plant and e<span class=\"_ _0\"></span>quip<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt are car<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>d at histor<span class=\"_ _0\"></span>ica<span class=\"_ _0\"></span>l cost le<span class=\"_ _0\"></span>ss ac<span class=\"_ _0\"></span>cum<span class=\"_ _0\"></span>ulated de<span class=\"_ _0\"></span>pre<span class=\"_ _0\"></span>ciat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>, cal<span class=\"_ _0\"></span>culate<span class=\"_ _0\"></span>d on a straig<span class=\"_ _0\"></span>ht-<span class=\"_ _0\"></span>lin<span class=\"_ _0\"></span>e basis over th<span class=\"_ _0\"></span>eir est<span class=\"_ _0\"></span>imated us<span class=\"_ _0\"></span>eful life. A<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n meth<span class=\"_ _0\"></span>ods<span class=\"_ _0\"></span>, usefu<span class=\"_ _0\"></span>l lives and any exp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>cted resid<span class=\"_ _0\"></span>ual valu<span class=\"_ _0\"></span>es are revi<span class=\"_ _0\"></span>ewed at eac<span class=\"_ _0\"></span>h repo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng date and<span class=\"_ gsec\"> </span>ad<span class=\"_ _0\"></span>justed if ap<span class=\"_ _0\"></span>pro<span class=\"_ _0\"></span>pri<span class=\"_ _0\"></span>ate. An im<span class=\"_ _0\"></span>pair<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt revie<span class=\"_ _0\"></span>w of Prope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, plant and eq<span class=\"_ _0\"></span>uipm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t not car<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>d at fair value is pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>form<span class=\"_ _0\"></span>ed wh<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ever even<span class=\"_ _0\"></span>ts or cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>s in circu<span class=\"_ _0\"></span>mst<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>es indi<span class=\"_ _0\"></span>cate that the<span class=\"_ _0\"></span>ir car<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 may not be rec<span class=\"_ _0\"></span>overa<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span>. Whe<span class=\"_ _0\"></span>re the ca<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing am<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nt of an asset is greater tha<span class=\"_ _0\"></span>n its esti<span class=\"_ _0\"></span>mated re<span class=\"_ _0\"></span>cover<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e amo<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>, whic<span class=\"_ _0\"></span>h is the highe<span class=\"_ _0\"></span>r of the asset<span class=\"_ _0\"></span>s fair value le<span class=\"_ _0\"></span>ss cos<span class=\"_ _0\"></span>ts of dispos<span class=\"_ _0\"></span>al and valu<span class=\"_ _0\"></span>e in use, i<span class=\"_ _0\"></span>t is writ<span class=\"_ _0\"></span>ten down im<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>diatel<span class=\"_ _0\"></span>y to its recover<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e amo<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>, with an imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt loss re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed in the C<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>olid<span class=\"_ _0\"></span>ated Inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e S<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-638": {
   "value": "Leases<span class=\"_ _3b2\"> </span>Lessee<span class=\"_ _3b2\"> </span>Wh<span class=\"_ _0\"></span>ere the Gr<span class=\"_ _0\"></span>oup is a less<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>, it rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ises le<span class=\"_ _0\"></span>ases on th<span class=\"_ _0\"></span>e Co<span class=\"_ _0\"></span>nsol<span class=\"_ _0\"></span>idated B<span class=\"_ _0\"></span>alan<span class=\"_ _0\"></span>ce Sh<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t as \u2018right-<span class=\"_ _3\"></span>of-u<span class=\"_ _0\"></span>se\u2019 ass<span class=\"_ _0\"></span>ets and le<span class=\"_ _0\"></span>ase liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e right-<span class=\"_ _3\"></span>of-u<span class=\"_ _0\"></span>se asse<span class=\"_ _0\"></span>ts\u2019 valu<span class=\"_ _0\"></span>e is initiall<span class=\"_ _0\"></span>y rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d as the calc<span class=\"_ _0\"></span>ulated val<span class=\"_ _0\"></span>ue of the leas<span class=\"_ _0\"></span>e liabili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s, ini<span class=\"_ _0\"></span>tial dire<span class=\"_ _0\"></span>ct c<span class=\"_ _0\"></span>osts an<span class=\"_ _0\"></span>d inc<span class=\"_ _0\"></span>enti<span class=\"_ _0\"></span>ves rec<span class=\"_ _0\"></span>eive<span class=\"_ _0\"></span>d. T<span class=\"_ _0\"></span>he righ<span class=\"_ _0\"></span>t-<span class=\"_ _0\"></span>of-<span class=\"_ _0\"></span>use as<span class=\"_ _0\"></span>sets are su<span class=\"_ _0\"></span>bse<span class=\"_ _0\"></span>que<span class=\"_ _0\"></span>ntly ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>unted for in ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>rdan<span class=\"_ _0\"></span>ce wit<span class=\"_ _0\"></span>h the cos<span class=\"_ _0\"></span>t mod<span class=\"_ _0\"></span>el in I<span class=\"_ _0\"></span>AS 16, \u2018Pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, Plant and Equi<span class=\"_ _0\"></span>pme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>\u2019 or as invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ty un<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r IA<span class=\"_ _0\"></span>S 4<span class=\"_ _0\"></span>0, \u2018<span class=\"_ _0\"></span>Invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t Prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ty<span class=\"_ _0\"></span>\u2019. The Grou<span class=\"_ _0\"></span>p also asse<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s right-<span class=\"_ _3\"></span>of-u<span class=\"_ _0\"></span>se asse<span class=\"_ _0\"></span>ts class<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ied as Pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, plant and equ<span class=\"_ _0\"></span>ipm<span class=\"_ _0\"></span>ent for<span class=\"_ _0\"></span> impa<span class=\"_ _0\"></span>irm<span class=\"_ _0\"></span>ent wh<span class=\"_ _0\"></span>en su<span class=\"_ _0\"></span>ch ind<span class=\"_ _0\"></span>icato<span class=\"_ _0\"></span>rs exist<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e initia<span class=\"_ _0\"></span>l measu<span class=\"_ _0\"></span>rem<span class=\"_ _0\"></span>ent of the le<span class=\"_ _0\"></span>ase liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es is made up of the pre<span class=\"_ _0\"></span>sent val<span class=\"_ _0\"></span>ue of lease pay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts to be made over the le<span class=\"_ _0\"></span>ase term<span class=\"_ _0\"></span>, inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>ing f<span class=\"_ _0\"></span>ixed<span class=\"_ _0\"></span> leas<span class=\"_ _0\"></span>e payme<span class=\"_ _0\"></span>nts and excl<span class=\"_ _0\"></span>udi<span class=\"_ _0\"></span>ng leas<span class=\"_ _0\"></span>e inc<span class=\"_ _0\"></span>enti<span class=\"_ _0\"></span>ve rece<span class=\"_ _0\"></span>ivab<span class=\"_ _0\"></span>les<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e Group us<span class=\"_ _0\"></span>es the in<span class=\"_ _0\"></span>cre<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>ntal bo<span class=\"_ _0\"></span>rrowi<span class=\"_ _0\"></span>ng rate as a discou<span class=\"_ _0\"></span>nt rate for calc<span class=\"_ _0\"></span>ulatin<span class=\"_ _0\"></span>g the leas<span class=\"_ _0\"></span>e liabili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s. Th<span class=\"_ _0\"></span>e leas<span class=\"_ _0\"></span>e liabili<span class=\"_ _0\"></span>ties are unwo<span class=\"_ _0\"></span>und over th<span class=\"_ _0\"></span>e term of the leas<span class=\"_ _0\"></span>e givin<span class=\"_ _0\"></span>g rise to an interest ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nse. Ad<span class=\"_ _0\"></span>diti<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>lly, the liabili<span class=\"_ _0\"></span>ties are re<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span> whe<span class=\"_ _0\"></span>n lease pay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts are mad<span class=\"_ _0\"></span>e. Th<span class=\"_ _0\"></span>e Group re<span class=\"_ _0\"></span>asses<span class=\"_ _0\"></span>ses th<span class=\"_ _0\"></span>e car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>yi<span class=\"_ _0\"></span>ng amo<span class=\"_ _0\"></span>unt of leas<span class=\"_ _0\"></span>e liabili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s and righ<span class=\"_ _0\"></span>t-<span class=\"_ _0\"></span>of-<span class=\"_ _0\"></span>use as<span class=\"_ _0\"></span>sets if ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ain events o<span class=\"_ _0\"></span>cc<span class=\"_ _0\"></span>ur that mod<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>y the or<span class=\"_ _0\"></span>igi<span class=\"_ _0\"></span>nal assu<span class=\"_ _0\"></span>mpti<span class=\"_ _0\"></span>ons use<span class=\"_ _0\"></span>d to calcu<span class=\"_ _0\"></span>late the leas<span class=\"_ _0\"></span>e balan<span class=\"_ _0\"></span>ces up<span class=\"_ _0\"></span>on ini<span class=\"_ _0\"></span>tial re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Group l<span class=\"_ _0\"></span>eases of<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>es, ve<span class=\"_ _0\"></span>hicl<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, IT equ<span class=\"_ _0\"></span>ipm<span class=\"_ _0\"></span>ent an<span class=\"_ _0\"></span>d investm<span class=\"_ _0\"></span>ent pr<span class=\"_ _0\"></span>ope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es und<span class=\"_ _0\"></span>er no<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>cel<span class=\"_ _0\"></span>labl<span class=\"_ _0\"></span>e ope<span class=\"_ _0\"></span>ratin<span class=\"_ _0\"></span>g leas<span class=\"_ _0\"></span>e agree<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts<span class=\"_ _0\"></span>. The Gro<span class=\"_ _0\"></span>up has<span class=\"_ _0\"></span> ele<span class=\"_ _0\"></span>cted to make use of the rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>n exempt<span class=\"_ _0\"></span>ions as pe<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ted in res<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ct of shor<span class=\"_ _3\"></span>t-ter<span class=\"_ _0\"></span>m leas<span class=\"_ _0\"></span>es (le<span class=\"_ _0\"></span>ase co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts wi<span class=\"_ _0\"></span>th a term of 1<span class=\"_ _1\"></span>2 <span class=\"_ _1\"></span>mo<span class=\"_ _0\"></span>nths or le<span class=\"_ _0\"></span>ss), and le<span class=\"_ _0\"></span>ase co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts for whic<span class=\"_ _0\"></span>h the un<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>ly<span class=\"_ _0\"></span>ing ass<span class=\"_ _0\"></span>et is of low value. Su<span class=\"_ _0\"></span>ch le<span class=\"_ _0\"></span>ases are not re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed on th<span class=\"_ _0\"></span>e Con<span class=\"_ _0\"></span>soli<span class=\"_ _0\"></span>dated Bal<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e Sh<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t but th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ises the as<span class=\"_ _0\"></span>soc<span class=\"_ _0\"></span>iated le<span class=\"_ _0\"></span>ase paym<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s as an expen<span class=\"_ _0\"></span>se over the le<span class=\"_ _0\"></span>ase term<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Lessor<span class=\"_ _3b2\"> </span>Wh<span class=\"_ _0\"></span>ere the Gr<span class=\"_ _0\"></span>oup is the le<span class=\"_ _0\"></span>sso<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>, lease<span class=\"_ _0\"></span>s are class<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ied as f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>ce le<span class=\"_ _0\"></span>ases if th<span class=\"_ _0\"></span>e risks and rewa<span class=\"_ _0\"></span>rds of owners<span class=\"_ _0\"></span>hip are sub<span class=\"_ _0\"></span>sta<span class=\"_ _0\"></span>ntiall<span class=\"_ _0\"></span>y transfe<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d to the less<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>, and op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ating le<span class=\"_ _0\"></span>ases if the<span class=\"_ _0\"></span>y are not subs<span class=\"_ _0\"></span>tanti<span class=\"_ _0\"></span>ally tra<span class=\"_ _0\"></span>nsfer<span class=\"_ _0\"></span>red<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Group l<span class=\"_ _0\"></span>eases c<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>tain invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ties to third par<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>. Und<span class=\"_ _0\"></span>er the<span class=\"_ _0\"></span>se agre<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span>, subs<span class=\"_ _0\"></span>tant<span class=\"_ _0\"></span>ially all th<span class=\"_ _0\"></span>e risks an<span class=\"_ _0\"></span>d rewards inc<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>ntal to owne<span class=\"_ _0\"></span>rshi<span class=\"_ _0\"></span>p are transfe<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d to the lesse<span class=\"_ _0\"></span>e, an<span class=\"_ _0\"></span>d therefo<span class=\"_ _0\"></span>re the co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts have be<span class=\"_ _0\"></span>en cla<span class=\"_ _0\"></span>ssif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d as fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e leas<span class=\"_ _0\"></span>es. At the le<span class=\"_ _0\"></span>ase co<span class=\"_ _0\"></span>mme<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent date<span class=\"_ _0\"></span>, the<span class=\"_ gsec\"> </span>G<span class=\"_ _0\"></span>roup de<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>cog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>s the invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ty ass<span class=\"_ _0\"></span>et and re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>s a rece<span class=\"_ _0\"></span>ivab<span class=\"_ _0\"></span>le asse<span class=\"_ _0\"></span>t on its Co<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>lidate<span class=\"_ _0\"></span>d Balan<span class=\"_ _0\"></span>ce S<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>et to refle<span class=\"_ _0\"></span>ct th<span class=\"_ _0\"></span>e net invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t in the<span class=\"_ gsec\"> </span>le<span class=\"_ _0\"></span>ase, e<span class=\"_ _0\"></span>qual to the pres<span class=\"_ _0\"></span>ent valu<span class=\"_ _0\"></span>e of the lease pay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts. T<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>s fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e inc<span class=\"_ _0\"></span>ome ove<span class=\"_ _0\"></span>r the lea<span class=\"_ _0\"></span><span class=\"ls1 ws0\">S<span class=\"ff3 ls9\">e ter<span class=\"_ _0\"></span>m to refl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t the<span class=\"_ _0\"></span> </span></span>rate of return on<span class=\"_ gsec\"> </span>th<span class=\"_ _0\"></span>e net inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt in the le<span class=\"_ _0\"></span>ase.<span class=\"_ _3b2\"> </span>Und<span class=\"_ _0\"></span>er oth<span class=\"_ _0\"></span>er leas<span class=\"_ _0\"></span>e agre<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ents th<span class=\"_ _0\"></span>e Group is co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>d to substa<span class=\"_ _0\"></span>ntiall<span class=\"_ _0\"></span>y retain all th<span class=\"_ _0\"></span>e risks and rewa<span class=\"_ _0\"></span>rds of owner<span class=\"_ _0\"></span>ship of the und<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ly<span class=\"_ _0\"></span>ing ass<span class=\"_ _0\"></span>et,<span class=\"_ _0\"></span> the<span class=\"_ _0\"></span>refore thes<span class=\"_ _0\"></span>e con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts have bee<span class=\"_ _0\"></span>n clas<span class=\"_ _0\"></span>sif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d as oper<span class=\"_ _0\"></span>atin<span class=\"_ _0\"></span>g lease<span class=\"_ _0\"></span>s. Leas<span class=\"_ _0\"></span>e inc<span class=\"_ _0\"></span>ome fr<span class=\"_ _0\"></span>om op<span class=\"_ _0\"></span>erat<span class=\"_ _0\"></span>ing le<span class=\"_ _0\"></span>ases is rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in the Co<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>lidated In<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me S<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent on<span class=\"_ gsec\"> </span>a s<span class=\"_ _0\"></span>traig<span class=\"_ _0\"></span>ht-<span class=\"_ _0\"></span>lin<span class=\"_ _0\"></span>e basis over the le<span class=\"_ _0\"></span>ase term<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-639": {
   "value": "Pr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>ision<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span>Provis<span class=\"_ _0\"></span>ions are re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed whe<span class=\"_ _0\"></span>n the Gro<span class=\"_ _0\"></span>up has a prese<span class=\"_ _0\"></span>nt le<span class=\"_ _0\"></span>gal or co<span class=\"_ _0\"></span>nst<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ve oblig<span class=\"_ _0\"></span>ation as a resul<span class=\"_ _0\"></span>t of past event<span class=\"_ _0\"></span>s, it is pro<span class=\"_ _0\"></span>bab<span class=\"_ _0\"></span>le that an ou<span class=\"_ _0\"></span>tf<span class=\"_ _0\"></span>low<span class=\"_ _0\"></span> of<span class=\"_ gsec\"> </span>resou<span class=\"_ _0\"></span>rce<span class=\"_ _0\"></span>s emb<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g eco<span class=\"_ _0\"></span>no<span class=\"_ _0\"></span>mic be<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ts will be requ<span class=\"_ _0\"></span>ired to set<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>e the obli<span class=\"_ _0\"></span>gatio<span class=\"_ _0\"></span>n, an<span class=\"_ _0\"></span>d a reliabl<span class=\"_ _0\"></span>e esti<span class=\"_ _0\"></span>mate of the amou<span class=\"_ _0\"></span>nt of the oblig<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n can be<span class=\"_ gsec\"> </span>ma<span class=\"_ _0\"></span>de. W<span class=\"_ _0\"></span>here th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p expe<span class=\"_ _0\"></span>cts a prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>n to be reimbu<span class=\"_ _0\"></span>rse<span class=\"_ _0\"></span>d, for exam<span class=\"_ _0\"></span>ple un<span class=\"_ _0\"></span>der an in<span class=\"_ _0\"></span>sura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t, th<span class=\"_ _0\"></span>e reimb<span class=\"_ _0\"></span>urs<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent is rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d as<span class=\"_ gsec\"> </span>a<span class=\"_ gsec\"> </span>sep<span class=\"_ _0\"></span>arate asse<span class=\"_ _0\"></span>t but on<span class=\"_ _0\"></span>ly whe<span class=\"_ _0\"></span>n the reim<span class=\"_ _0\"></span>bur<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t is vir<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>ally ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ain. T<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>s a provisio<span class=\"_ _0\"></span>n for one<span class=\"_ _0\"></span>rous co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>acts wh<span class=\"_ _0\"></span>en the<span class=\"_ _0\"></span> exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted ben<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>its to be der<span class=\"_ _0\"></span>ived fro<span class=\"_ _0\"></span>m a cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t are less th<span class=\"_ _0\"></span>an the unavoi<span class=\"_ _0\"></span>dabl<span class=\"_ _0\"></span>e cos<span class=\"_ _0\"></span>ts of meet<span class=\"_ _0\"></span>ing the o<span class=\"_ _0\"></span>blig<span class=\"_ _0\"></span>ation<span class=\"_ _0\"></span>s unde<span class=\"_ _0\"></span>r the co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForProvisionsExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-640": {
   "value": "Ta<span class=\"_ _0\"></span>x<span class=\"_ _3b2\"> </span>Current tax<span class=\"_ _3b2\"> </span>Cur<span class=\"_ _0\"></span>rent ta<span class=\"_ _0\"></span>x co<span class=\"_ _0\"></span>mpr<span class=\"_ _0\"></span>ises ta<span class=\"_ _0\"></span>x payabl<span class=\"_ _0\"></span>e on cur<span class=\"_ _0\"></span>rent ye<span class=\"_ _0\"></span>ar prof<span class=\"_ _0\"></span>its<span class=\"_ _0\"></span>, adjus<span class=\"_ _0\"></span>ted for non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>x ded<span class=\"_ _0\"></span>ucti<span class=\"_ _0\"></span>ble o<span class=\"_ _0\"></span>r non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>xabl<span class=\"_ _0\"></span>e items<span class=\"_ _0\"></span>, and any adjus<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nts to tax payabl<span class=\"_ _0\"></span>e in resp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t of previou<span class=\"_ _0\"></span>s per<span class=\"_ _0\"></span>iod<span class=\"_ _0\"></span>s. Cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nt tax is rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in the Co<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>lidated In<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me S<span class=\"_ _0\"></span>tate<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t unles<span class=\"_ _0\"></span>s it relates to items whi<span class=\"_ _0\"></span>ch are rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d in the Co<span class=\"_ _0\"></span>nsol<span class=\"_ _0\"></span>idated S<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>teme<span class=\"_ _0\"></span>nt of Com<span class=\"_ _0\"></span>preh<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>ive Inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e or dire<span class=\"_ _0\"></span>ctl<span class=\"_ _0\"></span>y in equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y.<span class=\"_ _3b2\"> </span>Def<span class=\"_ _1\"></span>erred<span class=\"_ _1\"></span> tax<span class=\"_ _3b2\"> </span>Defer<span class=\"_ _0\"></span>red ta<span class=\"_ _0\"></span>x is calc<span class=\"_ _0\"></span>ulated o<span class=\"_ _0\"></span>n dif<span class=\"_ _0\"></span>feren<span class=\"_ _0\"></span>ces b<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n the acc<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>ntin<span class=\"_ _0\"></span>g value of assets an<span class=\"_ _0\"></span>d liabil<span class=\"_ _0\"></span>itie<span class=\"_ _0\"></span>s and the<span class=\"_ _0\"></span>ir resp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tive ta<span class=\"_ _0\"></span>x values<span class=\"_ _0\"></span>. Defer<span class=\"_ _0\"></span>red ta<span class=\"_ _0\"></span>x is also rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d in respe<span class=\"_ _0\"></span>ct of unus<span class=\"_ _0\"></span>ed ta<span class=\"_ _0\"></span>x loss<span class=\"_ _0\"></span>es to the ex<span class=\"_ _0\"></span>tent it is prob<span class=\"_ _0\"></span>able th<span class=\"_ _0\"></span>at futu<span class=\"_ _0\"></span>re taxa<span class=\"_ _0\"></span>ble prof<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>s will arise aga<span class=\"_ _0\"></span>inst wh<span class=\"_ _0\"></span>ich th<span class=\"_ _0\"></span>e loss<span class=\"_ _0\"></span>es can be u<span class=\"_ _0\"></span>tilise<span class=\"_ _0\"></span>d.<span class=\"_ _0\"></span> Defer<span class=\"_ _0\"></span>red ta<span class=\"_ _0\"></span>x is charg<span class=\"_ _0\"></span>ed or c<span class=\"_ _0\"></span>redi<span class=\"_ _0\"></span>ted to the Con<span class=\"_ _0\"></span>soli<span class=\"_ _0\"></span>dated Inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e S<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>, exce<span class=\"_ _0\"></span>pt when it re<span class=\"_ _0\"></span>lates to items charg<span class=\"_ _0\"></span>ed or c<span class=\"_ _0\"></span>redi<span class=\"_ _0\"></span>ted to the Con<span class=\"_ _0\"></span>soli<span class=\"_ _0\"></span>dated S<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent of Co<span class=\"_ _0\"></span>mpre<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>nsi<span class=\"_ _0\"></span>ve Inco<span class=\"_ _0\"></span>me or ch<span class=\"_ _0\"></span>arg<span class=\"_ _0\"></span>ed or cre<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>ted direc<span class=\"_ _0\"></span>tly in e<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>ty.<span class=\"_ _3b2\"> </span>T<span class=\"_ _1\"></span>ax at<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ib<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>e to poli<span class=\"_ _0\"></span>cy<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>rs an<span class=\"_ _0\"></span>d eq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y ho<span class=\"_ _0\"></span>ld<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e total tax expe<span class=\"_ _0\"></span>nse sh<span class=\"_ _0\"></span>own in the Gro<span class=\"_ _0\"></span>up\u2019s Con<span class=\"_ _0\"></span>solid<span class=\"_ _0\"></span>ated Inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e S<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>des in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me tax b<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ne by both po<span class=\"_ _0\"></span>licy<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>lde<span class=\"_ _0\"></span>rs and e<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y hold<span class=\"_ _0\"></span>ers<span class=\"_ _0\"></span>. This ha<span class=\"_ _0\"></span>s bee<span class=\"_ _0\"></span>n spli<span class=\"_ _0\"></span>t bet<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n tax at<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>tab<span class=\"_ _0\"></span>le to polic<span class=\"_ _0\"></span>yh<span class=\"_ _0\"></span>old<span class=\"_ _0\"></span>ers<span class=\"_ _0\"></span>\u2019 retur<span class=\"_ _0\"></span>ns and eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y ho<span class=\"_ _0\"></span>lde<span class=\"_ _0\"></span>rs\u2019 pr<span class=\"_ _0\"></span>ofi<span class=\"_ _0\"></span>ts. Po<span class=\"_ _0\"></span>licy<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>lde<span class=\"_ _0\"></span>r tax co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>rise<span class=\"_ _0\"></span>s the tax su<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>fered on<span class=\"_ _0\"></span> pol<span class=\"_ _0\"></span>icy<span class=\"_ _0\"></span>hol<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r investm<span class=\"_ _0\"></span>ent ret<span class=\"_ _0\"></span>urn<span class=\"_ _0\"></span>s, whil<span class=\"_ _0\"></span>e equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y hol<span class=\"_ _0\"></span>der ta<span class=\"_ _0\"></span>x is cor<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>on tax c<span class=\"_ _0\"></span>harg<span class=\"_ _0\"></span>ed on eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y ho<span class=\"_ _0\"></span>ld<span class=\"_ _0\"></span>er prof<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>. The se<span class=\"_ _0\"></span>par<span class=\"_ _0\"></span>ate presen<span class=\"_ _0\"></span>tatio<span class=\"_ _0\"></span>n is intend<span class=\"_ _0\"></span>ed to provide mo<span class=\"_ _0\"></span>re relev<span class=\"_ _0\"></span>ant infor<span class=\"_ _0\"></span>matio<span class=\"_ _0\"></span>n abo<span class=\"_ _0\"></span>ut the ta<span class=\"_ _0\"></span>x that the G<span class=\"_ _0\"></span>roup pays on th<span class=\"_ _0\"></span>e prof<span class=\"_ _0\"></span>its that it ma<span class=\"_ _0\"></span>kes.<span class=\"_ _3b2\"> </span>Use o<span class=\"_ _0\"></span>f es<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>tes<span class=\"_ _3b2\"> </span>T<span class=\"_ _4\"></span>a<span class=\"_ _0\"></span>x bala<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>es inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>e the use of estim<span class=\"_ _0\"></span>ates and assu<span class=\"_ _0\"></span>mpti<span class=\"_ _0\"></span>ons whi<span class=\"_ _0\"></span>ch affe<span class=\"_ _0\"></span>ct ite<span class=\"_ _0\"></span>ms repo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ted in th<span class=\"_ _0\"></span>e Co<span class=\"_ _0\"></span>nsoli<span class=\"_ _0\"></span>dated Ba<span class=\"_ _0\"></span>lanc<span class=\"_ _0\"></span>e Sh<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t, C<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>olid<span class=\"_ _0\"></span>ated Inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e S<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent an<span class=\"_ _0\"></span>d Con<span class=\"_ _0\"></span>soli<span class=\"_ _0\"></span>dated S<span class=\"_ _0\"></span>tate<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t of Comp<span class=\"_ _0\"></span>reh<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>ve Inc<span class=\"_ _0\"></span>ome<span class=\"_ _0\"></span>. Al<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>ugh th<span class=\"_ _0\"></span>ese es<span class=\"_ _0\"></span>timates are bas<span class=\"_ _0\"></span>ed on man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>\u2019s best kn<span class=\"_ _0\"></span>owle<span class=\"_ _0\"></span>dge of cur<span class=\"_ _0\"></span>rent ci<span class=\"_ _0\"></span>rcu<span class=\"_ _0\"></span>msta<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>es and fu<span class=\"_ _0\"></span>ture eve<span class=\"_ _0\"></span>nts and ac<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s, ac<span class=\"_ _0\"></span>tual resu<span class=\"_ _0\"></span>lts may dif<span class=\"_ _0\"></span>fer fro<span class=\"_ _0\"></span>m thos<span class=\"_ _0\"></span>e estim<span class=\"_ _0\"></span>ates.<span class=\"_ _3b2\"> </span>For ta<span class=\"_ _0\"></span>x this i<span class=\"_ _0\"></span>ncl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>s the d<span class=\"_ _0\"></span>eter<span class=\"_ _0\"></span>minat<span class=\"_ _0\"></span>ion of as<span class=\"_ _0\"></span>sets a<span class=\"_ _0\"></span>nd lia<span class=\"_ _0\"></span>bilit<span class=\"_ _0\"></span>ies re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed in re<span class=\"_ _0\"></span>sp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t of unc<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>tain ta<span class=\"_ _0\"></span>x pos<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>ns an<span class=\"_ _0\"></span>d the e<span class=\"_ _0\"></span>stim<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of futu<span class=\"_ _0\"></span>re taxa<span class=\"_ _0\"></span>ble in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me sup<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g defer<span class=\"_ _0\"></span>red ta<span class=\"_ _0\"></span>x asset re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>As the G<span class=\"_ _0\"></span>roup op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ates intern<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>nally, it is expos<span class=\"_ _0\"></span>ed to unc<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ain ta<span class=\"_ _0\"></span>x posi<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s and cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>s in legis<span class=\"_ _0\"></span>latio<span class=\"_ _0\"></span>n in the juri<span class=\"_ _0\"></span>sdic<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns in whic<span class=\"_ _0\"></span>h it ope<span class=\"_ _0\"></span>rates<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e assessm<span class=\"_ _0\"></span>ent of <span class=\"_ _1\"></span>unc<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>tain tax positi<span class=\"_ _0\"></span>ons is subjec<span class=\"_ _0\"></span>tive and signif<span class=\"_ _0\"></span>ica<span class=\"_ _0\"></span>nt manage<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt judge<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt is <span class=\"_ _1\"></span>requi<span class=\"_ _0\"></span>red<span class=\"_ _0\"></span>. This judgem<span class=\"_ _0\"></span>ent is based on <span class=\"_ _1\"></span>inter<span class=\"_ _0\"></span>pret<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> of legisl<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n, man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt exp<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ce and profes<span class=\"_ _0\"></span>sio<span class=\"_ _0\"></span>nal adv<span class=\"_ _0\"></span>ice<span class=\"_ _0\"></span>. The di<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>tors have asse<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>d the Gro<span class=\"_ _0\"></span>up\u2019s unce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>in tax po<span class=\"_ _0\"></span>siti<span class=\"_ _0\"></span>ons an<span class=\"_ _0\"></span>d are co<span class=\"_ _0\"></span>mfor<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ble that th<span class=\"_ _0\"></span>e provisi<span class=\"_ _0\"></span>ons in pla<span class=\"_ _0\"></span>ce are not mate<span class=\"_ _0\"></span>rial in<span class=\"_ _0\"></span>divi<span class=\"_ _0\"></span>dual<span class=\"_ _0\"></span>ly or in agg<span class=\"_ _0\"></span>rega<span class=\"_ _0\"></span>te, and that a reaso<span class=\"_ _0\"></span>nab<span class=\"_ _0\"></span>le pos<span class=\"_ _0\"></span>sibl<span class=\"_ _0\"></span>e alter<span class=\"_ _0\"></span>native ou<span class=\"_ _0\"></span>tco<span class=\"_ _0\"></span>me in the<span class=\"_ gsec\"> </span>n<span class=\"_ _0\"></span>ex<span class=\"_ _0\"></span>t fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>ial year wou<span class=\"_ _0\"></span>ld not have a material im<span class=\"_ _0\"></span>pac<span class=\"_ _0\"></span>t to the results of the Gro<span class=\"_ _0\"></span>up.<span class=\"_ _3b2\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-680": {
   "value": "Def<span class=\"_ _1\"></span>erred<span class=\"_ _1\"></span> tax<span class=\"_ _3b2\"> </span>Defer<span class=\"_ _0\"></span>red ta<span class=\"_ _0\"></span>x is calc<span class=\"_ _0\"></span>ulated o<span class=\"_ _0\"></span>n dif<span class=\"_ _0\"></span>feren<span class=\"_ _0\"></span>ces b<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n the acc<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>ntin<span class=\"_ _0\"></span>g value of assets an<span class=\"_ _0\"></span>d liabil<span class=\"_ _0\"></span>itie<span class=\"_ _0\"></span>s and the<span class=\"_ _0\"></span>ir resp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tive ta<span class=\"_ _0\"></span>x values<span class=\"_ _0\"></span>. Defer<span class=\"_ _0\"></span>red ta<span class=\"_ _0\"></span>x is also rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d in respe<span class=\"_ _0\"></span>ct of unus<span class=\"_ _0\"></span>ed ta<span class=\"_ _0\"></span>x loss<span class=\"_ _0\"></span>es to the ex<span class=\"_ _0\"></span>tent it is prob<span class=\"_ _0\"></span>able th<span class=\"_ _0\"></span>at futu<span class=\"_ _0\"></span>re taxa<span class=\"_ _0\"></span>ble prof<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>s will arise aga<span class=\"_ _0\"></span>inst wh<span class=\"_ _0\"></span>ich th<span class=\"_ _0\"></span>e loss<span class=\"_ _0\"></span>es can be u<span class=\"_ _0\"></span>tilise<span class=\"_ _0\"></span>d.<span class=\"_ _0\"></span> Defer<span class=\"_ _0\"></span>red ta<span class=\"_ _0\"></span>x is charg<span class=\"_ _0\"></span>ed or c<span class=\"_ _0\"></span>redi<span class=\"_ _0\"></span>ted to the Con<span class=\"_ _0\"></span>soli<span class=\"_ _0\"></span>dated Inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e S<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>, exce<span class=\"_ _0\"></span>pt when it re<span class=\"_ _0\"></span>lates to items charg<span class=\"_ _0\"></span>ed or c<span class=\"_ _0\"></span>redi<span class=\"_ _0\"></span>ted to the Con<span class=\"_ _0\"></span>soli<span class=\"_ _0\"></span>dated S<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent of Co<span class=\"_ _0\"></span>mpre<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>nsi<span class=\"_ _0\"></span>ve Inco<span class=\"_ _0\"></span>me or ch<span class=\"_ _0\"></span>arg<span class=\"_ _0\"></span>ed or cre<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>ted direc<span class=\"_ _0\"></span>tly in e<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>ty.<span class=\"_ _3b2\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-641": {
   "value": "Foreig<span class=\"_ _0\"></span>n exch<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nge a<span class=\"_ _0\"></span>nd exch<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nge r<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span>Fore<span class=\"_ _0\"></span>ign cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>ncy tra<span class=\"_ _0\"></span>nsa<span class=\"_ _0\"></span>ctio<span class=\"_ _0\"></span>ns are tran<span class=\"_ _0\"></span>slated into the fu<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>al cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cy usin<span class=\"_ _0\"></span>g the excha<span class=\"_ _0\"></span>nge rate preva<span class=\"_ _0\"></span>iling at th<span class=\"_ _0\"></span>e date of <span class=\"_ _1\"></span>the tra<span class=\"_ _0\"></span>nsa<span class=\"_ _0\"></span>ctio<span class=\"_ _0\"></span>ns.<span class=\"_ _0\"></span> Th<span class=\"_ _0\"></span>e<span class=\"_ gsec\"> </span>fun<span class=\"_ _0\"></span>ctio<span class=\"_ _0\"></span>nal cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>ncy of the Gro<span class=\"_ _0\"></span>up\u2019s foreign o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ratio<span class=\"_ _0\"></span>ns is the cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cy of the pri<span class=\"_ _0\"></span>mar<span class=\"_ _3\"></span>y eco<span class=\"_ _0\"></span>no<span class=\"_ _0\"></span>mic envi<span class=\"_ _0\"></span>ron<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t in which th<span class=\"_ _0\"></span>e enti<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y ope<span class=\"_ _0\"></span>rates.<span class=\"_ _0\"></span> Th<span class=\"_ _0\"></span>e<span class=\"_ gsec\"> </span>asse<span class=\"_ _0\"></span>ts and liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es of all of the Group\u2019s foreign o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ratio<span class=\"_ _0\"></span>ns are tran<span class=\"_ _0\"></span>slated into ster<span class=\"_ _0\"></span>ling<span class=\"_ _0\"></span>, the Gro<span class=\"_ _0\"></span>up\u2019s prese<span class=\"_ _0\"></span>ntati<span class=\"_ _0\"></span>on cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cy, at the closin<span class=\"_ _0\"></span>g rate<span class=\"_ gsec\"> </span>at<span class=\"_ gsec\"> </span>the date of the Co<span class=\"_ _0\"></span>nsol<span class=\"_ _0\"></span>idated B<span class=\"_ _0\"></span>alan<span class=\"_ _0\"></span>ce Sh<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t. In<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me and ex<span class=\"_ _0\"></span>pen<span class=\"_ _0\"></span>ses are tra<span class=\"_ _0\"></span>nslate<span class=\"_ _0\"></span>d at average exch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e rates. On co<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>lidat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>, excha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span> dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>s arisi<span class=\"_ _0\"></span>ng from th<span class=\"_ _0\"></span>e trans<span class=\"_ _0\"></span>latio<span class=\"_ _0\"></span>n of the net inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt in foreig<span class=\"_ _0\"></span>n entit<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>, and of bor<span class=\"_ _0\"></span>rowing<span class=\"_ _0\"></span>s and othe<span class=\"_ _0\"></span>r cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cy inst<span class=\"_ _0\"></span>rum<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts desig<span class=\"_ _0\"></span>nated as<span class=\"_ gsec\"> </span>he<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>s of such invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts<span class=\"_ _0\"></span>, are taken to a <span class=\"_ _1\"></span>sep<span class=\"_ _0\"></span>arate co<span class=\"_ _0\"></span>mpo<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>nt of share<span class=\"_ _0\"></span>hol<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>s\u2019 equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y.<span class=\"_ _3b2\"> </span>Fore<span class=\"_ _0\"></span>ign exch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e gains and lo<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s are reco<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>sed in th<span class=\"_ _0\"></span>e Con<span class=\"_ _0\"></span>soli<span class=\"_ _0\"></span>dated Inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e S<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>, excep<span class=\"_ _0\"></span>t when re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d in equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y as quali<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g cash<span class=\"_ _0\"></span> fl<span class=\"_ _0\"></span>ow or net inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt hed<span class=\"_ _0\"></span>ges<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-681": {
   "value": "Foreig<span class=\"_ _0\"></span>n exch<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nge a<span class=\"_ _0\"></span>nd exch<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nge r<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span>Fore<span class=\"_ _0\"></span>ign cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>ncy tra<span class=\"_ _0\"></span>nsa<span class=\"_ _0\"></span>ctio<span class=\"_ _0\"></span>ns are tran<span class=\"_ _0\"></span>slated into the fu<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>al cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cy usin<span class=\"_ _0\"></span>g the excha<span class=\"_ _0\"></span>nge rate preva<span class=\"_ _0\"></span>iling at th<span class=\"_ _0\"></span>e date of <span class=\"_ _1\"></span>the tra<span class=\"_ _0\"></span>nsa<span class=\"_ _0\"></span>ctio<span class=\"_ _0\"></span>ns.<span class=\"_ _0\"></span> Th<span class=\"_ _0\"></span>e<span class=\"_ gsec\"> </span>fun<span class=\"_ _0\"></span>ctio<span class=\"_ _0\"></span>nal cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>ncy of the Gro<span class=\"_ _0\"></span>up\u2019s foreign o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ratio<span class=\"_ _0\"></span>ns is the cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cy of the pri<span class=\"_ _0\"></span>mar<span class=\"_ _3\"></span>y eco<span class=\"_ _0\"></span>no<span class=\"_ _0\"></span>mic envi<span class=\"_ _0\"></span>ron<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t in which th<span class=\"_ _0\"></span>e enti<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y ope<span class=\"_ _0\"></span>rates.<span class=\"_ _0\"></span> Th<span class=\"_ _0\"></span>e<span class=\"_ gsec\"> </span>asse<span class=\"_ _0\"></span>ts and liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es of all of the Group\u2019s foreign o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ratio<span class=\"_ _0\"></span>ns are tran<span class=\"_ _0\"></span>slated into ster<span class=\"_ _0\"></span>ling<span class=\"_ _0\"></span>, the Gro<span class=\"_ _0\"></span>up\u2019s prese<span class=\"_ _0\"></span>ntati<span class=\"_ _0\"></span>on cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cy, at the closin<span class=\"_ _0\"></span>g rate<span class=\"_ gsec\"> </span>at<span class=\"_ gsec\"> </span>the date of the Co<span class=\"_ _0\"></span>nsol<span class=\"_ _0\"></span>idated B<span class=\"_ _0\"></span>alan<span class=\"_ _0\"></span>ce Sh<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t. In<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me and ex<span class=\"_ _0\"></span>pen<span class=\"_ _0\"></span>ses are tra<span class=\"_ _0\"></span>nslate<span class=\"_ _0\"></span>d at average exch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e rates. On co<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>lidat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>, excha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span> dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>s arisi<span class=\"_ _0\"></span>ng from th<span class=\"_ _0\"></span>e trans<span class=\"_ _0\"></span>latio<span class=\"_ _0\"></span>n of the net inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt in foreig<span class=\"_ _0\"></span>n entit<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>, and of bor<span class=\"_ _0\"></span>rowing<span class=\"_ _0\"></span>s and othe<span class=\"_ _0\"></span>r cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cy inst<span class=\"_ _0\"></span>rum<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts desig<span class=\"_ _0\"></span>nated as<span class=\"_ gsec\"> </span>he<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>s of such invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts<span class=\"_ _0\"></span>, are taken to a <span class=\"_ _1\"></span>sep<span class=\"_ _0\"></span>arate co<span class=\"_ _0\"></span>mpo<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>nt of share<span class=\"_ _0\"></span>hol<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>s\u2019 equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y.<span class=\"_ _3b2\"> </span>Fore<span class=\"_ _0\"></span>ign exch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e gains and lo<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s are reco<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>sed in th<span class=\"_ _0\"></span>e Con<span class=\"_ _0\"></span>soli<span class=\"_ _0\"></span>dated Inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e S<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>, excep<span class=\"_ _0\"></span>t when re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d in equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y as quali<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g cash<span class=\"_ _0\"></span> fl<span class=\"_ _0\"></span>ow or net inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt hed<span class=\"_ _0\"></span>ges<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFunctionalCurrencyExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-642": {
   "value": "Share<span class=\"_ _0\"></span>-based payments<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Group ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>unts for op<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s and awards und<span class=\"_ _0\"></span>er eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n plans<span class=\"_ _0\"></span>, until su<span class=\"_ _0\"></span>ch tim<span class=\"_ _0\"></span>e as they are full<span class=\"_ _0\"></span>y vested<span class=\"_ _0\"></span>, usin<span class=\"_ _0\"></span>g the fair valu<span class=\"_ _0\"></span>e base<span class=\"_ _0\"></span>d<span class=\"_ gsec\"> </span>met<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>d of accou<span class=\"_ _0\"></span>ntin<span class=\"_ _0\"></span>g. T<span class=\"_ _0\"></span>he fair valu<span class=\"_ _0\"></span>e at the date of <span class=\"_ _1\"></span>gra<span class=\"_ _0\"></span>nt of the equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y instr<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ent is re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d as an expe<span class=\"_ _0\"></span>nse<span class=\"_ _0\"></span>, sprea<span class=\"_ _0\"></span>d over the vesti<span class=\"_ _0\"></span>ng per<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d of the instr<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>. The total am<span class=\"_ _0\"></span>ount to be exp<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>ed is deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ed by referen<span class=\"_ _0\"></span>ce to the fair valu<span class=\"_ _0\"></span>e of the awards, exclu<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>g the impa<span class=\"_ _0\"></span>ct of any<span class=\"_ gsec\"> </span>no<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>mar<span class=\"_ _0\"></span>ket vesti<span class=\"_ _0\"></span>ng co<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s. At eac<span class=\"_ _0\"></span>h balan<span class=\"_ _0\"></span>ce she<span class=\"_ _0\"></span>et date<span class=\"_ _0\"></span>, the Grou<span class=\"_ _0\"></span>p revise<span class=\"_ _0\"></span>s its esti<span class=\"_ _0\"></span>mate of the numb<span class=\"_ _0\"></span>er of equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y inst<span class=\"_ _0\"></span>rum<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s which are<span class=\"_ _0\"></span> exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted to beco<span class=\"_ _0\"></span>me exerc<span class=\"_ _0\"></span>isab<span class=\"_ _0\"></span>le. I<span class=\"_ _0\"></span>t reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>es the im<span class=\"_ _0\"></span>pac<span class=\"_ _0\"></span>t of the revisio<span class=\"_ _0\"></span>n of origi<span class=\"_ _0\"></span>nal esti<span class=\"_ _0\"></span>mates<span class=\"_ _0\"></span>, if any<span class=\"_ _1\"></span>, in the Co<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>lidated In<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me S<span class=\"_ _0\"></span>tate<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t and a<span class=\"_ gsec\"> </span>cor<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>ndin<span class=\"_ _0\"></span>g adjus<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt is made to equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y. <span class=\"_ _1\"></span>On ves<span class=\"_ _0\"></span>ting or exer<span class=\"_ _0\"></span>cise<span class=\"_ _0\"></span>, the dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e bet<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n the exp<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>e charg<span class=\"_ _0\"></span>ed to the Co<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>lidated In<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span> S<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent an<span class=\"_ _0\"></span>d the actu<span class=\"_ _0\"></span>al cos<span class=\"_ _0\"></span>t to the Group is<span class=\"_ gsec\"> </span>tr<span class=\"_ _0\"></span>ansfer<span class=\"_ _0\"></span>red to Retain<span class=\"_ _0\"></span>ed ea<span class=\"_ _0\"></span>rni<span class=\"_ _0\"></span>ngs<span class=\"_ _0\"></span>. Whe<span class=\"_ _0\"></span>re new sha<span class=\"_ _0\"></span>res are issu<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>, the pro<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>s rece<span class=\"_ _0\"></span>ive<span class=\"_ _0\"></span>d are credi<span class=\"_ _0\"></span>ted to Share ca<span class=\"_ _0\"></span>pit<span class=\"_ _0\"></span>al and Sh<span class=\"_ _0\"></span>are pre<span class=\"_ _0\"></span>mium<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-643": {
   "value": "Sha<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e capita<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>, sh<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>re pre<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>iu<span class=\"_ _0\"></span>m an<span class=\"_ _0\"></span>d employee s<span class=\"_ _0\"></span>cheme t<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y sh<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>res<span class=\"_ _3b2\"> </span>An e<span class=\"_ _0\"></span>quit<span class=\"_ _0\"></span>y in<span class=\"_ _0\"></span>str<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nt is any con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>t whic<span class=\"_ _0\"></span>h evid<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>es a resid<span class=\"_ _0\"></span>ual intere<span class=\"_ _0\"></span>st in the ne<span class=\"_ _0\"></span>t assets of an enti<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y. <span class=\"_ _1\"></span>It follows tha<span class=\"_ _0\"></span>t a finan<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>l instr<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span> is<span class=\"_ gsec\"> </span>treated as eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y if<span class=\"_ _0\"></span>:<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">the<span class=\"_ _0\"></span>re is no c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>tual o<span class=\"_ _0\"></span>blig<span class=\"_ _0\"></span>ation to d<span class=\"_ _0\"></span>elive<span class=\"_ _0\"></span>r cas<span class=\"_ _0\"></span>h or oth<span class=\"_ _0\"></span>er f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al asse<span class=\"_ _0\"></span>ts or to exch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial as<span class=\"_ _0\"></span>sets o<span class=\"_ _0\"></span>r lia<span class=\"_ _0\"></span>bilit<span class=\"_ _0\"></span>ies o<span class=\"_ _0\"></span>n unfavour<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e terms<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">the ins<span class=\"_ _0\"></span>tru<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt is eith<span class=\"_ _0\"></span>er a non<span class=\"_ _3\"></span>-<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>ivati<span class=\"_ _0\"></span>ve whic<span class=\"_ _0\"></span>h cont<span class=\"_ _0\"></span>ains no co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>actu<span class=\"_ _0\"></span>al obl<span class=\"_ _0\"></span>igati<span class=\"_ _0\"></span>on to delive<span class=\"_ _0\"></span>r a variab<span class=\"_ _0\"></span>le num<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r of own equit<span class=\"_ _0\"></span>y ins<span class=\"_ _0\"></span>tru<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts<span class=\"_ _0\"></span>, </span>or<span class=\"_ gsec\"> </span>is<span class=\"_ gsec\"> </span>a<span class=\"_ gsec\"> </span>de<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>vative whi<span class=\"_ _0\"></span>ch will be se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tle<span class=\"_ _0\"></span>d only by the Gro<span class=\"_ _0\"></span>up exch<span class=\"_ _0\"></span>angi<span class=\"_ _0\"></span>ng a fixe<span class=\"_ _0\"></span>d amo<span class=\"_ _0\"></span>unt of cash<span class=\"_ _0\"></span>, or othe<span class=\"_ _0\"></span>r fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial asse<span class=\"_ _0\"></span>ts, for a fi<span class=\"_ _0\"></span>xed num<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r of<span class=\"_ gsec\"> </span>its<span class=\"_ gsec\"> </span>own eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y ins<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nts<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Wh<span class=\"_ _0\"></span>ere any Grou<span class=\"_ _0\"></span>p enti<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y purc<span class=\"_ _0\"></span>hase<span class=\"_ _0\"></span>s the Co<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>ny<span class=\"_ _0\"></span>\u2019s equit<span class=\"_ _0\"></span>y sh<span class=\"_ _0\"></span>are cap<span class=\"_ _0\"></span>ital<span class=\"_ _0\"></span>, the co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ation pa<span class=\"_ _0\"></span>id, in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>ding any dir<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tly at<span class=\"_ _0\"></span>tri<span class=\"_ _0\"></span>bu<span class=\"_ _0\"></span>tabl<span class=\"_ _0\"></span>e inc<span class=\"_ _0\"></span>rem<span class=\"_ _0\"></span>enta<span class=\"_ _0\"></span>l cos<span class=\"_ _0\"></span>ts<span class=\"_ gsec\"> </span>(net of inco<span class=\"_ _0\"></span>me ta<span class=\"_ _0\"></span>xes), is <span class=\"_ _1\"></span>de<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>ted from e<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>ty at<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ble to share<span class=\"_ _0\"></span>hol<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>s. W<span class=\"_ _0\"></span>here su<span class=\"_ _0\"></span>ch sh<span class=\"_ _0\"></span>ares are sub<span class=\"_ _0\"></span>seq<span class=\"_ _0\"></span>uen<span class=\"_ _0\"></span>tly so<span class=\"_ _0\"></span>ld, rei<span class=\"_ _0\"></span>ssu<span class=\"_ _0\"></span>ed or<span class=\"_ _0\"></span> othe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>wise<span class=\"_ gsec\"> </span>dis<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>sed of, any consi<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n rece<span class=\"_ _0\"></span>ive<span class=\"_ _0\"></span>d is inclu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d in equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y att<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>uta<span class=\"_ _0\"></span>ble to share<span class=\"_ _0\"></span>hol<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>, net of any direc<span class=\"_ _0\"></span>tly at<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>tabl<span class=\"_ _0\"></span>e inc<span class=\"_ _0\"></span>rem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>al tran<span class=\"_ _0\"></span>sac<span class=\"_ _0\"></span>tion c<span class=\"_ _0\"></span>osts an<span class=\"_ _0\"></span>d the relate<span class=\"_ _0\"></span>d inco<span class=\"_ _0\"></span>me ta<span class=\"_ _0\"></span>x effe<span class=\"_ _0\"></span>cts<span class=\"_ _0\"></span>. Sh<span class=\"_ _0\"></span>ares he<span class=\"_ _0\"></span>ld on be<span class=\"_ _0\"></span>half of emp<span class=\"_ _0\"></span>loye<span class=\"_ _0\"></span>e share sc<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>mes are dis<span class=\"_ _0\"></span>clos<span class=\"_ _0\"></span>ed as suc<span class=\"_ _0\"></span>h on the<span class=\"_ _0\"></span> Co<span class=\"_ _0\"></span>nsol<span class=\"_ _0\"></span>idated B<span class=\"_ _0\"></span>alan<span class=\"_ _0\"></span>ce S<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>et.<span class=\"_ _3b2\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIssuedCapitalExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-682": {
   "value": "Sha<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e capita<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>, sh<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>re pre<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>iu<span class=\"_ _0\"></span>m an<span class=\"_ _0\"></span>d employee s<span class=\"_ _0\"></span>cheme t<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y sh<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>res<span class=\"_ _3b2\"> </span>An e<span class=\"_ _0\"></span>quit<span class=\"_ _0\"></span>y in<span class=\"_ _0\"></span>str<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nt is any con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>t whic<span class=\"_ _0\"></span>h evid<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>es a resid<span class=\"_ _0\"></span>ual intere<span class=\"_ _0\"></span>st in the ne<span class=\"_ _0\"></span>t assets of an enti<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y. <span class=\"_ _1\"></span>It follows tha<span class=\"_ _0\"></span>t a finan<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>l instr<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span> is<span class=\"_ gsec\"> </span>treated as eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y if<span class=\"_ _0\"></span>:<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">the<span class=\"_ _0\"></span>re is no c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>tual o<span class=\"_ _0\"></span>blig<span class=\"_ _0\"></span>ation to d<span class=\"_ _0\"></span>elive<span class=\"_ _0\"></span>r cas<span class=\"_ _0\"></span>h or oth<span class=\"_ _0\"></span>er f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al asse<span class=\"_ _0\"></span>ts or to exch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial as<span class=\"_ _0\"></span>sets o<span class=\"_ _0\"></span>r lia<span class=\"_ _0\"></span>bilit<span class=\"_ _0\"></span>ies o<span class=\"_ _0\"></span>n unfavour<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e terms<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">the ins<span class=\"_ _0\"></span>tru<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt is eith<span class=\"_ _0\"></span>er a non<span class=\"_ _3\"></span>-<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>ivati<span class=\"_ _0\"></span>ve whic<span class=\"_ _0\"></span>h cont<span class=\"_ _0\"></span>ains no co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>actu<span class=\"_ _0\"></span>al obl<span class=\"_ _0\"></span>igati<span class=\"_ _0\"></span>on to delive<span class=\"_ _0\"></span>r a variab<span class=\"_ _0\"></span>le num<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r of own equit<span class=\"_ _0\"></span>y ins<span class=\"_ _0\"></span>tru<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts<span class=\"_ _0\"></span>, </span>or<span class=\"_ gsec\"> </span>is<span class=\"_ gsec\"> </span>a<span class=\"_ gsec\"> </span>de<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>vative whi<span class=\"_ _0\"></span>ch will be se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tle<span class=\"_ _0\"></span>d only by the Gro<span class=\"_ _0\"></span>up exch<span class=\"_ _0\"></span>angi<span class=\"_ _0\"></span>ng a fixe<span class=\"_ _0\"></span>d amo<span class=\"_ _0\"></span>unt of cash<span class=\"_ _0\"></span>, or othe<span class=\"_ _0\"></span>r fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial asse<span class=\"_ _0\"></span>ts, for a fi<span class=\"_ _0\"></span>xed num<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r of<span class=\"_ gsec\"> </span>its<span class=\"_ gsec\"> </span>own eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y ins<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nts<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Wh<span class=\"_ _0\"></span>ere any Grou<span class=\"_ _0\"></span>p enti<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y purc<span class=\"_ _0\"></span>hase<span class=\"_ _0\"></span>s the Co<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>ny<span class=\"_ _0\"></span>\u2019s equit<span class=\"_ _0\"></span>y sh<span class=\"_ _0\"></span>are cap<span class=\"_ _0\"></span>ital<span class=\"_ _0\"></span>, the co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ation pa<span class=\"_ _0\"></span>id, in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>ding any dir<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tly at<span class=\"_ _0\"></span>tri<span class=\"_ _0\"></span>bu<span class=\"_ _0\"></span>tabl<span class=\"_ _0\"></span>e inc<span class=\"_ _0\"></span>rem<span class=\"_ _0\"></span>enta<span class=\"_ _0\"></span>l cos<span class=\"_ _0\"></span>ts<span class=\"_ gsec\"> </span>(net of inco<span class=\"_ _0\"></span>me ta<span class=\"_ _0\"></span>xes), is <span class=\"_ _1\"></span>de<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>ted from e<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>ty at<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ble to share<span class=\"_ _0\"></span>hol<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>s. W<span class=\"_ _0\"></span>here su<span class=\"_ _0\"></span>ch sh<span class=\"_ _0\"></span>ares are sub<span class=\"_ _0\"></span>seq<span class=\"_ _0\"></span>uen<span class=\"_ _0\"></span>tly so<span class=\"_ _0\"></span>ld, rei<span class=\"_ _0\"></span>ssu<span class=\"_ _0\"></span>ed or<span class=\"_ _0\"></span> othe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>wise<span class=\"_ gsec\"> </span>dis<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>sed of, any consi<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n rece<span class=\"_ _0\"></span>ive<span class=\"_ _0\"></span>d is inclu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d in equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y att<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>uta<span class=\"_ _0\"></span>ble to share<span class=\"_ _0\"></span>hol<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>, net of any direc<span class=\"_ _0\"></span>tly at<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>tabl<span class=\"_ _0\"></span>e inc<span class=\"_ _0\"></span>rem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>al tran<span class=\"_ _0\"></span>sac<span class=\"_ _0\"></span>tion c<span class=\"_ _0\"></span>osts an<span class=\"_ _0\"></span>d the relate<span class=\"_ _0\"></span>d inco<span class=\"_ _0\"></span>me ta<span class=\"_ _0\"></span>x effe<span class=\"_ _0\"></span>cts<span class=\"_ _0\"></span>. Sh<span class=\"_ _0\"></span>ares he<span class=\"_ _0\"></span>ld on be<span class=\"_ _0\"></span>half of emp<span class=\"_ _0\"></span>loye<span class=\"_ _0\"></span>e share sc<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>mes are dis<span class=\"_ _0\"></span>clos<span class=\"_ _0\"></span>ed as suc<span class=\"_ _0\"></span>h on the<span class=\"_ _0\"></span> Co<span class=\"_ _0\"></span>nsol<span class=\"_ _0\"></span>idated B<span class=\"_ _0\"></span>alan<span class=\"_ _0\"></span>ce S<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>et.<span class=\"_ _3b2\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTreasurySharesExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-644": {
   "value": "Fiduci<span class=\"_ _0\"></span>ar<span class=\"_ _3\"></span>y act<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>itie<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span>Ass<span class=\"_ _0\"></span>ets ass<span class=\"_ _0\"></span>oci<span class=\"_ _0\"></span>ated with f<span class=\"_ _0\"></span>idu<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y acti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ties an<span class=\"_ _0\"></span>d the inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e arisin<span class=\"_ _0\"></span>g from th<span class=\"_ _0\"></span>ose ass<span class=\"_ _0\"></span>ets<span class=\"_ _0\"></span>, togeth<span class=\"_ _0\"></span>er wit<span class=\"_ _0\"></span>h asso<span class=\"_ _0\"></span>ciated c<span class=\"_ _0\"></span>omm<span class=\"_ _0\"></span>itm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s to return suc<span class=\"_ _0\"></span>h asse<span class=\"_ _0\"></span>ts to custome<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>, are not incl<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>ed in the<span class=\"_ _0\"></span>se fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>ial state<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts. W<span class=\"_ _0\"></span>here th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p acts in a fi<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>iar<span class=\"_ _0\"></span>y c<span class=\"_ _0\"></span>apac<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y, for instan<span class=\"_ _0\"></span>ce as a trus<span class=\"_ _0\"></span>tee or<span class=\"_ gsec\"> </span>ag<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>, it has no co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>ctu<span class=\"_ _0\"></span>al righ<span class=\"_ _0\"></span>ts over the asse<span class=\"_ _0\"></span>ts co<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>",
   "dimensions": {
    "concept": "legalandgeneral:DescriptionOfAccountingPolicyForFiduciaryActivities",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-706": {
   "value": "(ix) <span class=\"_ _d2\"> </span>Foreign e<span class=\"_ _0\"></span>xchan<span class=\"_ _0\"></span>ge and excha<span class=\"_ _0\"></span>nge rate<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e prin<span class=\"_ _0\"></span>cip<span class=\"_ _0\"></span>al foreign exc<span class=\"_ _0\"></span>hang<span class=\"_ _0\"></span>e rates use<span class=\"_ _0\"></span>d for transl<span class=\"_ _0\"></span>ation are<span class=\"_ _0\"></span>:<span class=\"_ _3b2\"> </span><table class=\"s w101 h129\" id=\"_fc23fe16-7ae4-46d4-809b-b2de2a9858da\"><tr><td class=\"c n x1cb y40a6 w102 h11d\"><div class=\"t m2 x1ca hf y40a5 ff5 fs9 fc1 sc0 ls18 ws0\">Year e<span class=\"_ _0\"></span>nd e<span class=\"_ _0\"></span>xc<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3f6 y40a6 w103 h11d\"><div class=\"t m2 x1ca hf y40a5 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3f7 y40a8 w104 h11e\"><div class=\"t m2 x1ca hf y40a7 ff3 fs9 fc1 sc0 ls29 ws30\">20<span class=\"_ _0\"></span>23<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4158 w105 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls14f ws118\">Un<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d S<span class=\"_ _3\"></span>tate<span class=\"_ _0\"></span>s d<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3f8 y4158 w106 h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">1.25<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3f9 y4158 w107 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1.27<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w108 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls130 ws1a1\">Euro<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3f8 y40ae w106 h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">1.21<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3f9 y40ae w107 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1.15<span class=\"_ _3b2\"> </span></div></td></tr></table><table class=\"s w109 h129\" id=\"_abe8c46c-7829-4113-bb3b-c9ff38309722\"><tr><td class=\"c n x1cb y40a6 w10a h11d\"><div class=\"t m2 x1ca hf y40a5 ff6 fs9 fc1 sc0 ls18 ws32\">Aver<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ge exc<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ge r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3fa y40a6 w103 h11d\"><div class=\"t m2 x1ca hf y40a5 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3fb y40a8 w104 h11e\"><div class=\"t m2 x1ca hf y40a7 ff3 fs9 fc1 sc0 ls29 ws30\">20<span class=\"_ _0\"></span>23<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ac w105 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls14f ws118\">Un<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d S<span class=\"_ _3\"></span>tate<span class=\"_ _0\"></span>s d<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3f8 y40ac w106 h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">1.28<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3f9 y40ac w107 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1.24<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w108 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls130 ws1a1\">Euro<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3f8 y40ae w106 h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">1.18<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3f9 y40ae w107 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1.15<span class=\"_ _3b2\"> </span></div></td></tr></table>(<span class=\"_ _1\"></span>ii) <span class=\"_ _36\"> </span>Currenc<span class=\"_ _0\"></span>y risk<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p has mi<span class=\"_ _0\"></span>nima<span class=\"_ _0\"></span>l exp<span class=\"_ _0\"></span>osure to cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>y risk f<span class=\"_ _0\"></span>rom f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al ins<span class=\"_ _0\"></span>tru<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts he<span class=\"_ _0\"></span>ld by bu<span class=\"_ _0\"></span>sine<span class=\"_ _0\"></span>ss uni<span class=\"_ _0\"></span>ts in c<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>ies ot<span class=\"_ _0\"></span>her t<span class=\"_ _0\"></span>han th<span class=\"_ _0\"></span>eir f<span class=\"_ _0\"></span>unc<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cie<span class=\"_ _0\"></span>s, ne<span class=\"_ _0\"></span>arl<span class=\"_ _0\"></span>y all such ho<span class=\"_ _0\"></span>ldi<span class=\"_ _0\"></span>ngs are ei<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r back<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g insur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts in the sa<span class=\"_ _0\"></span>me cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cy or are he<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>ed bac<span class=\"_ _0\"></span>k to GBP<span class=\"_ _4\"></span>. Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p op<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>tes intern<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>nall<span class=\"_ _0\"></span>y and as a re<span class=\"_ _0\"></span>sul<span class=\"_ _0\"></span>t is exp<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>d to foreign c<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cy exch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e risk a<span class=\"_ _0\"></span>risin<span class=\"_ _0\"></span>g fro<span class=\"_ _0\"></span>m fl<span class=\"_ _0\"></span>uct<span class=\"_ _0\"></span>uatio<span class=\"_ _0\"></span>ns in exc<span class=\"_ _0\"></span>han<span class=\"_ _0\"></span>ge rates of vari<span class=\"_ _0\"></span>ous cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>es. T<span class=\"_ _0\"></span>he larg<span class=\"_ _0\"></span>est U<span class=\"_ _0\"></span>nited S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ates dolla<span class=\"_ _0\"></span>r cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cy exp<span class=\"_ _0\"></span>osure<span class=\"_ _0\"></span>s relate to the Group\u2019s US bus<span class=\"_ _0\"></span>ines<span class=\"_ _0\"></span>s, Le<span class=\"_ _0\"></span>gal &amp; Ge<span class=\"_ _0\"></span>ner<span class=\"_ _0\"></span>al Am<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ica<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e major<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> of curre<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>y expos<span class=\"_ _0\"></span>ures rel<span class=\"_ _0\"></span>ating to euro<span class=\"_ _0\"></span>s are held by LGIM Man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>rs (Eu<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>e) <span class=\"_ _1\"></span>Lim<span class=\"_ _0\"></span>ited<span class=\"_ _0\"></span>, a subsid<span class=\"_ _0\"></span>iar<span class=\"_ _0\"></span>y of L&amp;<span class=\"_ _0\"></span>G \u2013 Ass<span class=\"_ _0\"></span>et Man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt Lim<span class=\"_ _0\"></span>ited<span class=\"_ _0\"></span>. The<span class=\"_ _0\"></span> Grou<span class=\"_ _0\"></span>p do<span class=\"_ _0\"></span>es not h<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>ge fore<span class=\"_ _0\"></span>ign cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>y revenu<span class=\"_ _0\"></span>es as th<span class=\"_ _0\"></span>ese a<span class=\"_ _0\"></span>re subs<span class=\"_ _0\"></span>tan<span class=\"_ _0\"></span>tially r<span class=\"_ _0\"></span>etain<span class=\"_ _0\"></span>ed l<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>ally to su<span class=\"_ _0\"></span>pp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>he grow<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h of the G<span class=\"_ _0\"></span>roup\u2019s bus<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>ss and<span class=\"_ _0\"></span> me<span class=\"_ _0\"></span>et lo<span class=\"_ _0\"></span>cal reg<span class=\"_ _0\"></span>ulator<span class=\"_ _3\"></span>y and mar<span class=\"_ _0\"></span>ket requir<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nts<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Busi<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>ses aim to mainta<span class=\"_ _0\"></span>in suf<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ici<span class=\"_ _0\"></span>ent ass<span class=\"_ _0\"></span>ets in lo<span class=\"_ _0\"></span>cal cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>y to meet lo<span class=\"_ _0\"></span>cal cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>ncy lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>, however m<span class=\"_ _0\"></span>oveme<span class=\"_ _0\"></span>nts may imp<span class=\"_ _0\"></span>act th<span class=\"_ _0\"></span>e value of the Grou<span class=\"_ _0\"></span>p\u2019s consol<span class=\"_ _0\"></span>idated shar<span class=\"_ _0\"></span>eho<span class=\"_ _0\"></span>lde<span class=\"_ _0\"></span>rs\u2019 eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y whic<span class=\"_ _0\"></span>h is expresse<span class=\"_ _0\"></span>d in sterlin<span class=\"_ _0\"></span>g. This asp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t of <span class=\"_ _1\"></span>foreig<span class=\"_ _0\"></span>n exchang<span class=\"_ _0\"></span>e risk is monitore<span class=\"_ _0\"></span>d and manag<span class=\"_ _0\"></span>ed ce<span class=\"_ _0\"></span>ntral<span class=\"_ _0\"></span>ly, again<span class=\"_ _0\"></span>st pre<span class=\"_ _0\"></span>-<span class=\"_ _3\"></span>deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ed limi<span class=\"_ _0\"></span>ts. Th<span class=\"_ _0\"></span>ese expo<span class=\"_ _0\"></span>sure<span class=\"_ _0\"></span>s are manage<span class=\"_ _0\"></span>d by <span class=\"_ _1\"></span>align<span class=\"_ _0\"></span>ing the dep<span class=\"_ _0\"></span>loy<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t of <span class=\"_ _1\"></span>regu<span class=\"_ _0\"></span>lator<span class=\"_ _0\"></span>y cap<span class=\"_ _0\"></span>ita<span class=\"_ _0\"></span>l by <span class=\"_ _1\"></span>cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cy with the Grou<span class=\"_ _0\"></span>p\u2019s <span class=\"_ _1\"></span>reg<span class=\"_ _0\"></span>ulator<span class=\"_ _3\"></span>y cap<span class=\"_ _0\"></span>ital req<span class=\"_ _0\"></span>uire<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts by <span class=\"_ _1\"></span>cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cy. Curren<span class=\"_ _0\"></span>cy bor<span class=\"_ _0\"></span>rowin<span class=\"_ _0\"></span>gs and deri<span class=\"_ _0\"></span>vative<span class=\"_ _0\"></span>s may <span class=\"_ _1\"></span>be use<span class=\"_ _0\"></span>d to <span class=\"_ _1\"></span>manag<span class=\"_ _0\"></span>e expos<span class=\"_ _0\"></span>ures with<span class=\"_ _0\"></span>in the limits that have bee<span class=\"_ _0\"></span>n set.<span class=\"_ _0\"></span> As at 31 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>24, the G<span class=\"_ _0\"></span>roup he<span class=\"_ _0\"></span>ld net as<span class=\"_ _0\"></span>sets of \u00a31.5bn (202<span class=\"_ _0\"></span>3: net lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ties of \u00a30<span class=\"_ _0\"></span>.5bn) of its total equit<span class=\"_ _0\"></span>y at<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>tab<span class=\"_ _0\"></span>le to shareh<span class=\"_ _0\"></span>old<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s in cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cie<span class=\"_ _0\"></span>s, mai<span class=\"_ _0\"></span>nly Un<span class=\"_ _0\"></span>ited S<span class=\"_ _0\"></span>tates do<span class=\"_ _0\"></span>llar an<span class=\"_ _0\"></span>d euro<span class=\"_ _0\"></span>, other tha<span class=\"_ _0\"></span>n the fun<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>onal cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>y of the relevan<span class=\"_ _0\"></span>t busin<span class=\"_ _0\"></span>ess uni<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>. The exch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e risks in<span class=\"_ _0\"></span>here<span class=\"_ _0\"></span>nt in<span class=\"_ gsec\"> </span>the<span class=\"_ _0\"></span>se exp<span class=\"_ _0\"></span>osure<span class=\"_ _0\"></span>s may be miti<span class=\"_ _0\"></span>gated thro<span class=\"_ _0\"></span>ugh th<span class=\"_ _0\"></span>e use of deri<span class=\"_ _0\"></span>vative<span class=\"_ _0\"></span>s, mai<span class=\"_ _0\"></span>nly for<span class=\"_ _0\"></span>war<span class=\"_ _0\"></span>d curr<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>y con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts.<span class=\"_ _3b2\"> </span>Co<span class=\"_ _0\"></span>nsiste<span class=\"_ _0\"></span>nt with the <span class=\"_ _1\"></span>Grou<span class=\"_ _0\"></span>p\u2019s <span class=\"_ _1\"></span>acc<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nting poli<span class=\"_ _0\"></span>cie<span class=\"_ _0\"></span>s, the profi<span class=\"_ _0\"></span>ts of <span class=\"_ _1\"></span>overseas busin<span class=\"_ _0\"></span>ess unit<span class=\"_ _0\"></span>s (<span class=\"_ _1\"></span>repor<span class=\"_ _3\"></span>ted as <span class=\"_ _1\"></span>func<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal curre<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>es) <span class=\"_ _1\"></span>are translated at a<span class=\"_ _1\"></span>vera<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span> exchan<span class=\"_ _0\"></span>ge rates and <span class=\"_ _1\"></span>the net assets (<span class=\"_ _1\"></span>rep<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d as <span class=\"_ _1\"></span>func<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>al curre<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>es) <span class=\"_ _1\"></span>at <span class=\"_ _1\"></span>the closi<span class=\"_ _0\"></span>ng rate <span class=\"_ _1\"></span>for the <span class=\"_ _1\"></span>repo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng peri<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>. A <span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>0% increa<span class=\"_ _0\"></span>se (<span class=\"_ _1\"></span>weakeni<span class=\"_ _0\"></span>ng of <span class=\"_ _1\"></span>foreign<span class=\"_ _0\"></span> cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cie<span class=\"_ _0\"></span>s) <span class=\"_ _1\"></span>or <span class=\"_ _1\"></span>de<span class=\"_ _0\"></span>crea<span class=\"_ _0\"></span>se (<span class=\"_ _1\"></span>stren<span class=\"_ _0\"></span>gth<span class=\"_ _0\"></span>eni<span class=\"_ _0\"></span>ng of <span class=\"_ _1\"></span>foreign cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cies) in <span class=\"_ _1\"></span>these rates would increase or reduc<span class=\"_ _0\"></span>e the profit for <span class=\"_ _1\"></span>the year and net <span class=\"_ _1\"></span>asse<span class=\"_ _0\"></span>ts as <span class=\"_ _1\"></span>follows:<span class=\"_ _3b2\"> </span><table class=\"s w279 h166\" id=\"_ecf85a9d-8e72-4f33-835e-7b32543d525e\"><tr><td></td><td class=\"t m2 x94a h10 y43a7 ff4 fs9 fc1 sc0 ls18 ws32\">A 1<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>% inc<span class=\"_ _0\"></span>rea<span class=\"_ _0\"></span>se in </td><td></td><td class=\"t m2 x495 h10 y43a7 ff4 fs9 fc1 sc0 ls18 ws32\">A 1<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>% dec<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>ase in<span class=\"_ _0\"></span> </td><td></td></tr><tr><td></td><td class=\"t m2 x94b h10 y43a8 ff4 fs9 fc1 sc0 ls18 ws32\">US<span class=\"_ _0\"></span>D<span class=\"_ _0\"></span>:G<span class=\"_ _0\"></span>BP exc<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>e rate<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m2 x94c h10 y43a8 ff4 fs9 fc1 sc0 ls18 ws32\">US<span class=\"_ _0\"></span>D<span class=\"_ _0\"></span>:G<span class=\"_ _0\"></span>BP exc<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>e rate<span class=\"_ _3b2\"> </span></td><td></td></tr><tr><td></td><td class=\"t m2 x430 h13 y43a9 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x637 hf y43a9 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c6 h13 y43a9 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y43a9 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x432 h13 y43aa ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x433 hf y43aa ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 h13 y43aa ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y43aa ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c x1cb y40ac w117 h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Prof<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t for th<span class=\"_ _0\"></span>e yea<span class=\"_ _0\"></span>r</div><div class=\"t m2 x407 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x94d y40ac w67 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(7)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x94e y40ac w75 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x94f y40ac wa8 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">9<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x950 y40ac w6a h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(6)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y40ae w27a h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Ne<span class=\"_ _0\"></span>t ass<span class=\"_ _0\"></span>ets at<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>bu<span class=\"_ _0\"></span>tab<span class=\"_ _0\"></span>le to U<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>D exp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>s</div><div class=\"t m2 x951 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x952 y40ae w41 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(92)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x953 y40ae w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">20<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x954 y40ae w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">111<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x955 y40ae w71 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(24)<span class=\"_ _3b2\"> </span></div></td></tr></table><table class=\"s w27b h166\" id=\"_f1d1d9b6-1e79-48b9-a2ad-36ddb32e497a\"><tr><td></td><td class=\"t m2 x94a h10 y43ab ff4 fs9 fc1 sc0 ls18 ws32\">A 1<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>% inc<span class=\"_ _0\"></span>rea<span class=\"_ _0\"></span>se in<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m2 x495 h10 y43ab ff4 fs9 fc1 sc0 ls18 ws32\">A 1<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>% dec<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>ase in<span class=\"_ _3b2\"> </span></td><td></td></tr><tr><td></td><td class=\"t m2 x94b h10 y43ac ff4 fs9 fc1 sc0 ls18 ws32\">EU<span class=\"_ _0\"></span>R<span class=\"_ _0\"></span>:G<span class=\"_ _0\"></span>B<span class=\"_ _0\"></span>P exch<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ge rate<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m2 x94c h10 y43ac ff4 fs9 fc1 sc0 ls18 ws32\">EU<span class=\"_ _0\"></span>R<span class=\"_ _0\"></span>:G<span class=\"_ _0\"></span>B<span class=\"_ _0\"></span>P exch<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ge rate<span class=\"_ _3b2\"> </span></td><td></td></tr><tr><td></td><td class=\"t m2 x430 h13 y43ad ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x637 hf y43ad ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c6 h13 y43ad ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y43ad ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x432 h13 y43ae ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x433 hf y43ae ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 h13 y43ae ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y43ae ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c x1cb y40ac w117 h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Prof<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t for th<span class=\"_ _0\"></span>e yea<span class=\"_ _0\"></span>r</div><div class=\"t m2 x407 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x442 y40ac wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x956 y40ac wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x957 y40ac wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x958 y40ac wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y40ae w27a h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Ne<span class=\"_ _0\"></span>t ass<span class=\"_ _0\"></span>ets at<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>bu<span class=\"_ _0\"></span>tab<span class=\"_ _0\"></span>le to U<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>D exp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>s</div><div class=\"t m2 x951 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x952 y40ae w41 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(17)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x959 y40ae w75 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x95a y40ae w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">22<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x95b y40ae w6a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(2)<span class=\"_ _3b2\"> </span></div></td></tr></table>1. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>Pr<span class=\"_ _0\"></span>ofi<span class=\"_ _0\"></span>t fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar i<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ts r<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e on<span class=\"_ _0\"></span>ly t<span class=\"_ _0\"></span>o ove<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>s b<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>s un<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ts w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e th<span class=\"_ _0\"></span>e fu<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>l c<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>cy i<span class=\"_ _0\"></span>s no<span class=\"_ _0\"></span>t s<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>rl<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>. Ne<span class=\"_ _0\"></span>t as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t i<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s in<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>de b<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>th f<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>al c<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>y an<span class=\"_ _0\"></span>d n<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>-<span class=\"_ _3b2\"> </span>fu<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>l cu<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>cy e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s.<span class=\"_ _3b2\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEffectOfChangesInForeignExchangeRatesExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-587": {
   "value": "<div class=\"t m2 he ff1 fs8 fc2 sc0 ls1 ws0 gs496\">2<span class=\"ls8d\">. <span class=\"_ _156\"> </span>Su<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>le<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>tar<span class=\"_ _3\"></span>y ad<span class=\"_ _1\"></span>juste<span class=\"_ _1\"></span>d opera<span class=\"_ _1\"></span>tin<span class=\"_ _0\"></span>g pro<span class=\"_ _1\"></span>fit info<span class=\"_ _1\"></span>rmati<span class=\"_ _1\"></span>on<span class=\"_ _3b2\"> </span></span></div><div class=\"t m2 h21 ff1 fs10 fc2 sc0 ls77 ws0 gs497\">(i<span class=\"_ _1\"></span>) <span class=\"_ _8\"> </span>Adjust<span class=\"_ _0\"></span>ed oper<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g profit<span class=\"_ _3b2\"> </span></div><div class=\"gs498\"><table class=\"s w10b h12a\" id=\"_72d60e06-d7ea-4f64-b2fb-7f00381f8d89\"><tr><td></td><td></td><td></td><td></td><td class=\"t m2 x3fc hf y4159 ff3 fs9 fc1 sc0 lsee wsf5\">Res<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td></td><td></td><td class=\"t m2 x1c6 h13 y415a ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y415a ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y415c w10c h12b\"><div class=\"t m2 x1ca hf y415b ff5 fs9 fc1 sc0 ls18 ws0\">Fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>24<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x3fd y415e w10d h11e\"><div class=\"t m2 x1ca hf y415d ff3 fs9 fc1 sc0 lsee wsf5\">Note<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"t m2 x1c8 h13 y415f ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y415f ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y4160 w10e h116\"><div class=\"t m2 x1ca hc y4084 ff3 fs6 fc1 sc0 ls112 ws1e\">Institu<span class=\"_ _0\"></span>tional Reti<span class=\"_ _0\"></span>remen<span class=\"_ _0\"></span>t<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x3fe y4160 w10f h116\"><div class=\"t m2 x1ca hc y4084 ff3 fs6 fc1 sc0 ls56 ws55\">2(ii)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3ff y4160 w36 h116\"><div class=\"t m2 x1ca hc y4084 ff6 fs6 fc1 sc0 ls56 ws55\">1,105<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x400 y4160 w30 h117\"><div class=\"t m2 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">1,028<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4161 w110 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls113 ws5b\">Asset Man<span class=\"_ _1\"></span>agement<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x401 y4161 w111 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">2(iii)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x402 y4161 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">401<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x403 y4161 w4b h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">448<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4162 w112 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls112 ws6\">Retail<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x404 y4162 w113 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">2(ii)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x232 y4162 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">504<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x233 y4162 w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">449<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4163 w114 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y4163 w115 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 lsea ws122\">Insurance<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1f8 y4163 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">188<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x406 y4163 w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">139<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4164 w114 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y4164 w116 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls112 ws1e\">Retail Retirem<span class=\"_ _0\"></span>ent<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1f8 y4164 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">316<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x406 y4164 w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">310<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y4165 w117 h126\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Gro<span class=\"_ _0\"></span>up d<span class=\"_ _0\"></span>ebt c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ts</div><div class=\"t m2 x407 h5a y4138 ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x3cb y4166 w3a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(216)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3cc y4166 w3b h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(212)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4167 w118 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls11e ws5c\">Group in<span class=\"_ _1\"></span>vestment<span class=\"_ _1\"></span> projects and<span class=\"_ _1\"></span> expenses<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x408 y4167 w3a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(178)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x409 y4167 w3b h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(182)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4168 w119 h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls11c ws25\">Core operating<span class=\"_ _1\"></span> profit<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x1d2 y4168 w36 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,616<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1d3 y4168 w37 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,531<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4169 w11a h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls113 ws5b\">Corporate<span class=\"_ _1\"></span> Inv<span class=\"_ _1\"></span>estments<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x22f y4169 w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">95<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x20a y4169 w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">136<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40b9 w11b h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws23\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> adjusted operating profit<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x1e9 y40b9 w36 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,711<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1ea y40b9 w30 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,667<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y416a w11c h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">Investment and other<span class=\"_ _1\"></span> variances<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x40a y416a w11d h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">2(iv)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x40b y416a w33 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(1,383)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x40c y416a w34 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(1,577)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y416b w11e h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">Profits/(losses<span class=\"_ _1\"></span>) attributable to non-<span class=\"_ _0\"></span>controlling int<span class=\"_ _1\"></span>erests<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x40d y416b wa8 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x40e y416b w71 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(14)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y416c w11f h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls12e wsca\">Adjusted profit<span class=\"_ _1\"></span> before tax<span class=\"_ _1\"></span> attributable to equity holders<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x40f y416c w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">332<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x410 y416c w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">76<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y416d w56 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws23\">T<span class=\"_ _4\"></span>ax (e<span class=\"_ _1\"></span>xpense<span class=\"_ _1\"></span>)/<span class=\"_ _1\"></span>credit<span class=\"_ _1\"></span> attributa<span class=\"_ _1\"></span>ble t<span class=\"_ _1\"></span>o equity<span class=\"_ _1\"></span> holders<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x201 y416d w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">30<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x202 y416d w3a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(137)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x411 y416d w4b h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">367<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y416e w57 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws0\">Pro<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>it f<span class=\"_ _0\"></span>or t<span class=\"_ _0\"></span>he ye<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x204 y416e w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">195<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x205 y416e w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">443<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y416f w120 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 lsea ws27\">T<span class=\"_ _1\"></span>ota<span class=\"_ _1\"></span>l tax expense/(credit)<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x24e y416f w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">347<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x412 y416f w3b h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(248)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4170 w52 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls12e wsca\">Profit bef<span class=\"_ _1\"></span>ore tax<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x1f8 y4170 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">542<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1f9 y4170 w4b h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">195<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4171 w121 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls12e wsca\">Profit attributable t<span class=\"_ _1\"></span>o equity holders<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x24e y4171 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">191<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x24f y4171 w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">457<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 hb y4172 ff5 fs6 fc1 sc0 ls11c ws25\">Earnings per<span class=\"_ _1\"></span> share:<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1cb y4174 w122 h12c\"><div class=\"t m2 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls11c ws25\">Core (pence<span class=\"_ _1\"></span> per share<span class=\"_ _1\"></span>)</div><div class=\"t m2 x413 h91 y4173 ff5 fs1c fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x213 y4121 w50 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">6<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x414 y4121 w123 h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">20.23<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x415 y4121 w124 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">19.04<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y40ab w125 h11f\"><div class=\"t m2 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls56 ws0\">Ba<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>c (p<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e pe<span class=\"_ _0\"></span>r sh<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>re)</div><div class=\"t m2 x416 h91 y40aa ff5 fs1c fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x213 y4158 w50 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">6<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x214 y4158 w61 h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">2.89<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x215 y4158 w62 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">7.35<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y40ad w126 h11f\"><div class=\"t m2 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls12e wsca\">Diluted (pence<span class=\"_ _1\"></span> per share<span class=\"_ _1\"></span>)</div><div class=\"t m2 x417 h91 y40aa ff5 fs1c fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x213 y40ae w50 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">6<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x214 y40ae w61 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2.86<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x215 y40ae w62 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">7.28<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs499\">1. <span class=\"_ _15\"> </span>Gr<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>p d<span class=\"_ _0\"></span>eb<span class=\"_ _0\"></span>t c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ts e<span class=\"_ _0\"></span>xc<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>de i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>st o<span class=\"_ _0\"></span>n n<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>-<span class=\"_ _3\"></span>re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>e fin<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs49a\">2. <span class=\"_ _15\"> </span>Al<span class=\"_ _0\"></span>l ea<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>s pe<span class=\"_ _0\"></span>r s<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>re c<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ul<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns a<span class=\"_ _0\"></span>re b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>n p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>t at<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>e to e<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y ho<span class=\"_ _0\"></span>ld<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>rs o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e C<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>ny.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs49b\">This s<span class=\"_ _0\"></span>upp<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>tar<span class=\"_ _0\"></span>y a<span class=\"_ _0\"></span>djus<span class=\"_ _0\"></span>ted op<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>ting p<span class=\"_ _0\"></span>rofi<span class=\"_ _0\"></span>t infor<span class=\"_ _0\"></span>matio<span class=\"_ _0\"></span>n (one of the G<span class=\"_ _0\"></span>roup<span class=\"_ _0\"></span>\u2019s key per<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>man<span class=\"_ _0\"></span>ce in<span class=\"_ _0\"></span>dic<span class=\"_ _0\"></span>ators) provid<span class=\"_ _0\"></span>es ad<span class=\"_ _0\"></span>diti<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>l anal<span class=\"_ _0\"></span>ysis of the<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs49c\">resul<span class=\"_ _0\"></span>ts rep<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d unde<span class=\"_ _0\"></span>r IFR<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>, and the Gr<span class=\"_ _0\"></span>oup be<span class=\"_ _0\"></span>lieve<span class=\"_ _0\"></span>s that it provi<span class=\"_ _0\"></span>des st<span class=\"_ _0\"></span>akeho<span class=\"_ _0\"></span>lde<span class=\"_ _0\"></span>rs wi<span class=\"_ _0\"></span>th usefu<span class=\"_ _0\"></span>l informat<span class=\"_ _0\"></span>ion to enha<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e their un<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>rst<span class=\"_ _0\"></span>andi<span class=\"_ _0\"></span>ng of </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs49d\">the<span class=\"_ gsec\"> </span>p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>nce of the bu<span class=\"_ _0\"></span>sine<span class=\"_ _0\"></span>ss in the yea<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>. Core op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ating prof<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t measu<span class=\"_ _0\"></span>res the op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ating p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>nce of the Gro<span class=\"_ _0\"></span>up\u2019s core bu<span class=\"_ _0\"></span>sine<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s, an<span class=\"_ _0\"></span>d </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs49e\">is<span class=\"_ gsec\"> </span>the<span class=\"_ _0\"></span>refore cal<span class=\"_ _0\"></span>cul<span class=\"_ _0\"></span>ated as the Grou<span class=\"_ _0\"></span>p\u2019s adjusted op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ating prof<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t excludi<span class=\"_ _0\"></span>ng the adj<span class=\"_ _0\"></span>usted op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ating p<span class=\"_ _0\"></span>rofi<span class=\"_ _0\"></span>t of the Cor<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>rate Investm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts unit<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs49f\">Adjus<span class=\"_ _0\"></span>ted op<span class=\"_ _0\"></span>erati<span class=\"_ _0\"></span>ng prof<span class=\"_ _0\"></span>it me<span class=\"_ _0\"></span>asure<span class=\"_ _0\"></span>s the pre<span class=\"_ _3\"></span>-ta<span class=\"_ _0\"></span>x resul<span class=\"_ _0\"></span>t excludi<span class=\"_ _0\"></span>ng the im<span class=\"_ _0\"></span>pac<span class=\"_ _0\"></span>t of investme<span class=\"_ _0\"></span>nt volati<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y, econ<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>ic assu<span class=\"_ _0\"></span>mptio<span class=\"_ _0\"></span>n cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>s cause<span class=\"_ _0\"></span>d by </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs4a0\">cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>s in market co<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns or exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tatio<span class=\"_ _0\"></span>ns and exc<span class=\"_ _0\"></span>eptio<span class=\"_ _0\"></span>nal ite<span class=\"_ _0\"></span>ms. Ad<span class=\"_ _0\"></span>justed o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>atin<span class=\"_ _0\"></span>g profi<span class=\"_ _0\"></span>t for insur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts pri<span class=\"_ _0\"></span>mar<span class=\"_ _0\"></span>ily ref<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>cts th<span class=\"_ _0\"></span>e </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs4a1\">rele<span class=\"_ _0\"></span>ase of profi<span class=\"_ _0\"></span>t from th<span class=\"_ _0\"></span>e cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>tual se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce mar<span class=\"_ _0\"></span>gin and ris<span class=\"_ _0\"></span>k adjus<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt in the yea<span class=\"_ _0\"></span>r (<span class=\"_ _1\"></span>adjus<span class=\"_ _0\"></span>ted for reinsu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce mis<span class=\"_ _0\"></span>match<span class=\"_ _0\"></span>es), the unwind of the </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs4a2\">disc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t rate used in the ca<span class=\"_ _0\"></span>lcu<span class=\"_ _0\"></span>latio<span class=\"_ _0\"></span>n of the insur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e liabili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s and inc<span class=\"_ _0\"></span>urr<span class=\"_ _0\"></span>ed exp<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>es that are not dire<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ly at<span class=\"_ _0\"></span>tri<span class=\"_ _0\"></span>but<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e to the insura<span class=\"_ _0\"></span>nce c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>ts.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 lsd ws7f gs4a3\">T<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>remove invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t volatilit<span class=\"_ _0\"></span>y, adjusted op<span class=\"_ _0\"></span>erati<span class=\"_ _0\"></span>ng prof<span class=\"_ _0\"></span>it refle<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ts long<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>m expe<span class=\"_ _0\"></span>cted invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t returns on the subs<span class=\"_ _0\"></span>tan<span class=\"_ _0\"></span>tial major<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y of investme<span class=\"_ _0\"></span>nts<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs4a4\">hel<span class=\"_ _0\"></span>d by the Group, in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>g both trad<span class=\"_ _0\"></span>ed an<span class=\"_ _0\"></span>d priva<span class=\"_ _0\"></span>te market invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts. Fo<span class=\"_ _0\"></span>r the rem<span class=\"_ _0\"></span>aind<span class=\"_ _0\"></span>er of the asse<span class=\"_ _0\"></span>t por<span class=\"_ _3\"></span>tfoli<span class=\"_ _0\"></span>o, inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>ing ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>in ope<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>l </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs4a5\">busi<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>ses in the A<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t Manag<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent di<span class=\"_ _0\"></span>visio<span class=\"_ _0\"></span>n and<span class=\"_ _0\"></span>, up to its dispos<span class=\"_ _0\"></span>al on 31 Oc<span class=\"_ _0\"></span>tobe<span class=\"_ _0\"></span>r 2024<span class=\"_ _0\"></span>, CA<span class=\"_ _0\"></span>L<span class=\"_ _3\"></span>A Group (H<span class=\"_ _0\"></span>old<span class=\"_ _0\"></span>ings) Limi<span class=\"_ _0\"></span>ted (Cala), no adjustm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs4a6\">are made to exclud<span class=\"_ _0\"></span>e invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t volatili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y. <span class=\"_ _1\"></span>Th<span class=\"_ _0\"></span>e investm<span class=\"_ _0\"></span>ent ma<span class=\"_ _0\"></span>rgin for insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce bu<span class=\"_ _0\"></span>sine<span class=\"_ _0\"></span>ss the<span class=\"_ _0\"></span>refore ref<span class=\"_ _0\"></span>lec<span class=\"_ _0\"></span>ts the ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cted inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt retur<span class=\"_ _0\"></span>n above<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs4a7\">the unwin<span class=\"_ _0\"></span>d of the insur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e liabil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y disc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t rate.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs4a8\">In line wit<span class=\"_ _0\"></span>h the Gro<span class=\"_ _0\"></span>up\u2019s new strateg<span class=\"_ _0\"></span>y and the se<span class=\"_ _0\"></span>gm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ation c<span class=\"_ _0\"></span>hang<span class=\"_ _0\"></span>es de<span class=\"_ _0\"></span>scr<span class=\"_ _0\"></span>ibe<span class=\"_ _0\"></span>d in Note 1<span class=\"_ _1\"></span>(iii), th<span class=\"_ _0\"></span>e Group has up<span class=\"_ _0\"></span>dated th<span class=\"_ _0\"></span>e appli<span class=\"_ _0\"></span>cati<span class=\"_ _0\"></span>on of its </div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs4a9\">meth<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>olo<span class=\"_ _0\"></span>gy fo<span class=\"_ _0\"></span>r the d<span class=\"_ _0\"></span>eter<span class=\"_ _0\"></span>minati<span class=\"_ _0\"></span>on of ad<span class=\"_ _0\"></span>justed o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ratin<span class=\"_ _0\"></span>g prof<span class=\"_ _0\"></span>it fo<span class=\"_ _0\"></span>r asse<span class=\"_ _0\"></span>ts allo<span class=\"_ _0\"></span>cate<span class=\"_ _0\"></span>d to the As<span class=\"_ _0\"></span>set M<span class=\"_ _0\"></span>anag<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent a<span class=\"_ _0\"></span>nd C<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>rate Invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs4aa\">seg<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts, in o<span class=\"_ _0\"></span>rder to simp<span class=\"_ _0\"></span>lif<span class=\"_ _0\"></span>y and ha<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>onis<span class=\"_ _0\"></span>e the met<span class=\"_ _0\"></span>hod<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>ogy wi<span class=\"_ _0\"></span>thin th<span class=\"_ _0\"></span>e segm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts. Th<span class=\"_ _0\"></span>is has not had a materi<span class=\"_ _0\"></span>al impa<span class=\"_ _0\"></span>ct on the c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>parat<span class=\"_ _0\"></span>ive </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs4ab\">adjus<span class=\"_ _0\"></span>ted ope<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>ng prof<span class=\"_ _0\"></span>it of eac<span class=\"_ _0\"></span>h segm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>, and th<span class=\"_ _0\"></span>erefore has n<span class=\"_ _0\"></span>ot led to a restateme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs4ac\">Th<span class=\"_ _0\"></span>e long<span class=\"_ _3\"></span>-term ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cted inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent retu<span class=\"_ _0\"></span>rn ref<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>cts the b<span class=\"_ _0\"></span>est es<span class=\"_ _0\"></span>timate of the lon<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>-ter<span class=\"_ _0\"></span>m retu<span class=\"_ _0\"></span>rn at the sta<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t of the year, as <span class=\"_ _1\"></span>follows:<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff3 fs5 fc1 sc0 ls9 ws15 gs4ad\">\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted retur<span class=\"_ _0\"></span>ns for trad<span class=\"_ _0\"></span>ed eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y, comm<span class=\"_ _0\"></span>erc<span class=\"_ _0\"></span>ial pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y and resi<span class=\"_ _0\"></span>den<span class=\"_ _0\"></span>tial pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y (in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>ding lifeti<span class=\"_ _0\"></span>me mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tgag<span class=\"_ _0\"></span>es) are based on mar<span class=\"_ _0\"></span>ket </span></div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs4ae\">con<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>sus fore<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>sts an<span class=\"_ _0\"></span>d lo<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>term his<span class=\"_ _0\"></span>tori<span class=\"_ _0\"></span>c averag<span class=\"_ _0\"></span>e retu<span class=\"_ _0\"></span>rns ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cted to ap<span class=\"_ _0\"></span>ply t<span class=\"_ _0\"></span>hrou<span class=\"_ _0\"></span>gh th<span class=\"_ _0\"></span>e cycl<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff3 fs5 fc1 sc0 ls9 ws15 gs4af\">\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">assu<span class=\"_ _0\"></span>mptio<span class=\"_ _0\"></span>ns for fi<span class=\"_ _0\"></span>xed intere<span class=\"_ _0\"></span>st se<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>itie<span class=\"_ _0\"></span>s meas<span class=\"_ _0\"></span>ured at F<span class=\"_ _3\"></span>V<span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>PL are bas<span class=\"_ _0\"></span>ed on ass<span class=\"_ _0\"></span>et yie<span class=\"_ _0\"></span>lds for the as<span class=\"_ _0\"></span>sets he<span class=\"_ _0\"></span>ld<span class=\"_ _0\"></span>, less an adju<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent for cre<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t risk </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs4b0\">(assesse<span class=\"_ _0\"></span>d on a best es<span class=\"_ _0\"></span>tima<span class=\"_ _0\"></span>te basis)<span class=\"_ _1\"></span>. Whe<span class=\"_ _0\"></span>re sec<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>itie<span class=\"_ _0\"></span>s are meas<span class=\"_ _0\"></span>ured at am<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ised c<span class=\"_ _0\"></span>ost or F<span class=\"_ _3\"></span>VOC<span class=\"_ _0\"></span>I, the ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cted inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt retu<span class=\"_ _0\"></span>rn co<span class=\"_ _0\"></span>mpr<span class=\"_ _0\"></span>ises<span class=\"_ _0\"></span> </div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs4b1\">interes<span class=\"_ _0\"></span>t inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e on a<span class=\"_ _0\"></span>n ef<span class=\"_ _0\"></span>fecti<span class=\"_ _0\"></span>ve intere<span class=\"_ _0\"></span>st rate bas<span class=\"_ _0\"></span>is<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff3 fs5 fc1 sc0 ls9 ws15 gs4b2\">\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y dire<span class=\"_ _0\"></span>ct inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nts inc<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>rate invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts in hous<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>, spe<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>list co<span class=\"_ _0\"></span>mm<span class=\"_ _0\"></span>erc<span class=\"_ _0\"></span>ial real est<span class=\"_ _0\"></span>ate, cle<span class=\"_ _0\"></span>an ene<span class=\"_ _0\"></span>rgy, altern<span class=\"_ _0\"></span>ative f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>ce an<span class=\"_ _0\"></span>d finte<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>. </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs4b3\">Wh<span class=\"_ _0\"></span>ere use<span class=\"_ _0\"></span>d for the deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of adjusted op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ating prof<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t, the lo<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>m expe<span class=\"_ _0\"></span>cted inve<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent retu<span class=\"_ _0\"></span>rn is on avera<span class=\"_ _0\"></span>ge be<span class=\"_ _0\"></span>twe<span class=\"_ _0\"></span>en 10% and 1<span class=\"_ _1\"></span>2%<span class=\"_ _0\"></span>. </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs4b4\">Rates of return sp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ic to each asse<span class=\"_ _0\"></span>t are deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ed at the po<span class=\"_ _0\"></span>int of unde<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>wr<span class=\"_ _0\"></span>itin<span class=\"_ _0\"></span>g and revi<span class=\"_ _0\"></span>ewed and up<span class=\"_ _0\"></span>dated an<span class=\"_ _0\"></span>nual<span class=\"_ _0\"></span>ly. The rate of return for </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs4b5\">asse<span class=\"_ _0\"></span>ts bel<span class=\"_ _0\"></span>ong<span class=\"_ _0\"></span>ing to Cor<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>rate Invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts is deter<span class=\"_ _0\"></span>mine<span class=\"_ _0\"></span>d at a por<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>foli<span class=\"_ _0\"></span>o level<span class=\"_ _0\"></span>, and is upd<span class=\"_ _0\"></span>ated annu<span class=\"_ _0\"></span>ally if req<span class=\"_ _0\"></span>uire<span class=\"_ _0\"></span>d. T<span class=\"_ _0\"></span>he exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs4b6\">retur<span class=\"_ _0\"></span>n inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>es cur<span class=\"_ _0\"></span>rent f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al assum<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>ns as well as sec<span class=\"_ _0\"></span>tor spe<span class=\"_ _0\"></span>cif<span class=\"_ _0\"></span>ic as<span class=\"_ _0\"></span>sum<span class=\"_ _0\"></span>ption<span class=\"_ _0\"></span>s, in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>ding ret<span class=\"_ _0\"></span>ail and co<span class=\"_ _0\"></span>mm<span class=\"_ _0\"></span>erc<span class=\"_ _0\"></span>ial pro<span class=\"_ _0\"></span>per<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>y yiel<span class=\"_ _0\"></span>ds and </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs4b7\">power pr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>es whe<span class=\"_ _0\"></span>re appro<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>iate.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs4b9\">Th<span class=\"_ _0\"></span>e long<span class=\"_ _3\"></span>-term ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ctat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s used in de<span class=\"_ _0\"></span>termi<span class=\"_ _0\"></span>ning th<span class=\"_ _0\"></span>e expe<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d investm<span class=\"_ _0\"></span>ent ret<span class=\"_ _0\"></span>urn<span class=\"_ _0\"></span>s for trade<span class=\"_ _0\"></span>d equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y and pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y asse<span class=\"_ _0\"></span>ts are:<span class=\"_ _3b2\"> </span></div><div class=\"gs4ba\"><table class=\"s w127 h12d\" id=\"_e97612cb-0d06-4e9a-b5f3-42a9649dbf4f\"><tr><td></td><td class=\"c n x3cb y4175 w103 h12b\"><div class=\"t m2 x1ca hf y415b ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x418 y4176 w104 h11e\"><div class=\"t m2 x1ca hf y415d ff3 fs9 fc1 sc0 ls29 ws30\">20<span class=\"_ _0\"></span>23<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w128 h116\"><div class=\"t m2 x1ca hc y4084 ff3 fs6 fc1 sc0 ls112 ws1e\">Equit<span class=\"_ _0\"></span>y return<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x419 y4121 w129 h116\"><div class=\"t m2 x1ca hc y4084 ff6 fs6 fc1 sc0 ls56 ws55\">7%<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x41a y4121 w12a h117\"><div class=\"t m2 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">7%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ac w12b h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Commercial<span class=\"_ _1\"></span> property growth<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x41b y40ac w129 h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">5%<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x41c y40ac w12a h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w12c h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Resid<span class=\"_ _1\"></span>ential<span class=\"_ _1\"></span> property growth<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x41d y40ae w12d h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">3.5%<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x41e y40ae w12e h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3.5%<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs4bb\">Varian<span class=\"_ _0\"></span>ces be<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n actua<span class=\"_ _0\"></span>l and lon<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>-ter<span class=\"_ _0\"></span>m exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t retur<span class=\"_ _0\"></span>ns are exclud<span class=\"_ _0\"></span>ed fro<span class=\"_ _0\"></span>m adjus<span class=\"_ _0\"></span>ted op<span class=\"_ _0\"></span>erati<span class=\"_ _0\"></span>ng prof<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>, as are eco<span class=\"_ _0\"></span>no<span class=\"_ _0\"></span>mic ass<span class=\"_ _0\"></span>ump<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs4bc\">cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>s to <span class=\"_ _1\"></span>insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>act lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ties c<span class=\"_ _0\"></span>ause<span class=\"_ _0\"></span>d by moveme<span class=\"_ _0\"></span>nts in mar<span class=\"_ _0\"></span>ket con<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>ions o<span class=\"_ _0\"></span>r expe<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ation<span class=\"_ _0\"></span>s (<span class=\"_ _1\"></span>e.g. c<span class=\"_ _0\"></span>redi<span class=\"_ _0\"></span>t defaul<span class=\"_ _0\"></span>t and inf<span class=\"_ _0\"></span>latio<span class=\"_ _0\"></span>n), and any </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs4bd\">dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nce b<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n the actu<span class=\"_ _0\"></span>al allo<span class=\"_ _0\"></span>cate<span class=\"_ _0\"></span>d asset mi<span class=\"_ _0\"></span>x and the targ<span class=\"_ _0\"></span>et lo<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>term ass<span class=\"_ _0\"></span>et mix on ne<span class=\"_ _0\"></span>w pens<span class=\"_ _0\"></span>ion ris<span class=\"_ _0\"></span>k trans<span class=\"_ _0\"></span>fer busin<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>. As<span class=\"_ _0\"></span>sets he<span class=\"_ _0\"></span>ld for </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs4be\">fut<span class=\"_ _0\"></span>ure<span class=\"_ gsec\"> </span>new p<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>on ris<span class=\"_ _0\"></span>k transfe<span class=\"_ _0\"></span>r busin<span class=\"_ _0\"></span>ess are excl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>d from th<span class=\"_ _0\"></span>e asset p<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>foli<span class=\"_ _0\"></span>o used to deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>e the disc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t rate for annuit<span class=\"_ _0\"></span>ies on ins<span class=\"_ _0\"></span>uran<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs4bf\">con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>t liabi<span class=\"_ _0\"></span>liti<span class=\"_ _0\"></span>es. T<span class=\"_ _0\"></span>he imp<span class=\"_ _0\"></span>act of invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt mana<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ent ac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns that opti<span class=\"_ _0\"></span>mise th<span class=\"_ _0\"></span>e yiel<span class=\"_ _0\"></span>d of the assets ba<span class=\"_ _0\"></span>ck<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e back b<span class=\"_ _0\"></span>ook of ann<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs4c0\">con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts is<span class=\"_ gsec\"> </span>inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>ed wi<span class=\"_ _0\"></span>thin adju<span class=\"_ _0\"></span>sted op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ating pr<span class=\"_ _0\"></span>ofi<span class=\"_ _0\"></span>t.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs4c1\">E<span class=\"_ _0\"></span>xce<span class=\"_ _0\"></span>ption<span class=\"_ _0\"></span>al inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e and exp<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>es whic<span class=\"_ _0\"></span>h arise ou<span class=\"_ _0\"></span>tsi<span class=\"_ _0\"></span>de the no<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>al cou<span class=\"_ _0\"></span>rse of busi<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>s in the year, such as acqui<span class=\"_ _0\"></span>siti<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>, disp<span class=\"_ _0\"></span>osals an<span class=\"_ _0\"></span>d star<span class=\"_ _3\"></span>t-<span class=\"_ _0\"></span>up </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs4c2\">cos<span class=\"_ _0\"></span>ts, are excl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>d from ad<span class=\"_ _0\"></span>justed o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ratin<span class=\"_ _0\"></span>g profi<span class=\"_ _0\"></span>t.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h21 ff1 fs10 fc2 sc0 ls77 ws0 gs4c3\">(ii) <span class=\"_ _d\"> </span>A<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>lysis of In<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>itut<span class=\"_ _0\"></span>iona<span class=\"_ _0\"></span>l Ret<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>rement and Ret<span class=\"_ _0\"></span>ai<span class=\"_ _3\"></span>l adjusted op<span class=\"_ _0\"></span>erat<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ng prof<span class=\"_ _0\"></span>it<span class=\"_ _3b2\"> </span></div><div class=\"gs4c4\"><table class=\"s w136 h130\" id=\"_6e116ec6-551e-4ec9-b7cf-f34050af19d0\"><tr><td></td><td></td><td></td><td class=\"t m2 x42b hf y417a ff3 fs9 fc1 sc0 lsee wsf5\">Res<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></td><td></td></tr><tr><td></td><td class=\"t m2 x322 h13 y417b ff6 fs9 fc1 sc0 ls115 ws4f\">Institutional<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m2 x42c hf y417b ff3 fs9 fc1 sc0 ls10a ws118\">Institu<span class=\"_ _0\"></span>tional<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x3fc hf y417b ff3 fs9 fc1 sc0 lsee wsf5\">Res<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x42d h13 y417c ff5 fs9 fc1 sc0 ls1b ws1f\">Retire<span class=\"_ _0\"></span>ment<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x42e h13 y417c ff5 fs9 fc1 sc0 ls3c ws11e\">Retail<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x27f hf y417c ff3 fs9 fc1 sc0 ls10a ws118\">Retireme<span class=\"_ _0\"></span>nt<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x42f hf y417c ff3 fs9 fc1 sc0 ls10a ws118\">Retail<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x430 h13 y417d ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x431 h13 y417d ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c6 hf y417d ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y417d ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x432 h13 y417e ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x433 h13 y417e ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 hf y417e ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y417e ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c x1cb y416e w137 h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Am<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>tisa<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of th<span class=\"_ _0\"></span>e C<span class=\"_ _0\"></span>SM i<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e year</div><div class=\"t m2 x434 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x435 y416e w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">650<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x436 y416e w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">469<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x437 y416e w4b h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">591<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x438 y416e w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">446<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y417f w138 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Rel<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>e of ris<span class=\"_ _0\"></span>k adj<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt i<span class=\"_ _0\"></span>n the y<span class=\"_ _0\"></span>ear<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x439 y417f w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">141<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x43a y417f w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">84<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x43b y417f w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">119<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x43c y417f w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">74<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4170 w139 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls11b ws2a\">Experience variances<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x43d y4170 waf h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(10)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x43e y4170 w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">26<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x43f y4170 w71 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(14)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x440 y4170 w71 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(17)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y4180 w13a h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Dev<span class=\"_ _0\"></span>elo<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt of lo<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s on o<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>us co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>ts</div><div class=\"t m2 x441 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x442 y4180 wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x443 y4180 w41 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(10)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x444 y4180 w75 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x445 y4180 w5a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(27)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y4181 w13b h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws23\">Other expen<span class=\"_ _1\"></span>ses</div><div class=\"t m2 x446 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x447 y4182 w3a h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(168)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x448 y4182 w3a h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(136)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x449 y4182 w3b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(160)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x44a y4182 w3b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(121)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y4183 w13c h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Insurance investment margin</div><div class=\"t m2 x44b h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x435 y4183 w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">485<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x436 y4183 w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">106<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x437 y4183 w4b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">486<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x438 y4183 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">122<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4184 w13d h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Investment contracts and non-<span class=\"_ _0\"></span>insurance operating profit<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x44c y4184 wa8 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x44d y4184 w41 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(35)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x44e y4184 w75 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">5<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x44f y4184 w71 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(28)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w13e h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l In<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>al Re<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t and Re<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>il ad<span class=\"_ _0\"></span>ju<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d ope<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>of<span class=\"_ _0\"></span>it<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x450 y40ae w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,105<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x451 y40ae w4a h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">504<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x452 y40ae w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,028<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x453 y40ae w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">449<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs4c5\">1. <span class=\"_ _15\"> </span>Co<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ua<span class=\"_ _0\"></span>l se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e ma<span class=\"_ _0\"></span>rg<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n (CS<span class=\"_ _0\"></span>M<span class=\"_ _0\"></span>) a<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>sa<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n for R<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>il h<span class=\"_ _0\"></span>as b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n r<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>d by \u00a3<span class=\"_ _0\"></span>18m (2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>: \u00a316m) to e<span class=\"_ _0\"></span>xcl<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>de t<span class=\"_ _0\"></span>he i<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t o<span class=\"_ _0\"></span>f re<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e mi<span class=\"_ _0\"></span>sm<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>. </div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs4c6\">2. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>De<span class=\"_ _0\"></span>vel<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>pm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt o<span class=\"_ _0\"></span>f lo<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>es o<span class=\"_ _0\"></span>n on<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>us 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<span class=\"_ _0\"></span>s has b<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>en r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>du<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>y \u00a3<span class=\"_ _0\"></span>35<span class=\"_ _0\"></span>m (20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3: \u00a3<span class=\"_ _0\"></span>6m) to r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>ve gr<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>s c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t lo<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>es w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e, n<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t of r<span class=\"_ _0\"></span>ei<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>, th<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>n pr<span class=\"_ _0\"></span>ofi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>. </div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs4c7\">Th<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>e ac<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng l<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s w<span class=\"_ _0\"></span>ill b<span class=\"_ _0\"></span>e p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d as a r<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n to t<span class=\"_ _0\"></span>he C<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>M a<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n in f<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>re p<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>s.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs4c8\">3. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>re n<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ib<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>e ex<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s on b<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>th n<span class=\"_ _0\"></span>ew b<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ss a<span class=\"_ _0\"></span>nd e<span class=\"_ _0\"></span>xi<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g b<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>e ar<span class=\"_ _0\"></span>e ove<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>ad c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s w<span class=\"_ _0\"></span>hi<span class=\"_ _0\"></span>ch a<span class=\"_ _0\"></span>re n<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>t all<span class=\"_ _0\"></span>ow<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>or i<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e C<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>M or t<span class=\"_ _0\"></span>he b<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>st e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>te </div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs4c9\">lia<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y u<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>t c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t 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>n<span class=\"_ _0\"></span>s, a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d in<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>d ar<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>ted w<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>in t<span class=\"_ _0\"></span>he C<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d I<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>me S<span class=\"_ _3\"></span>tat<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt a<span class=\"_ _0\"></span>s pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>ofi<span class=\"_ _0\"></span>t o<span class=\"_ _0\"></span>r lo<span class=\"_ _0\"></span>ss f<span class=\"_ _0\"></span>or t<span class=\"_ _0\"></span>he y<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>r.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs4ca\">4. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>In<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ce i<span class=\"_ _0\"></span>nve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt m<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>n c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s 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 i<span class=\"_ _0\"></span>nve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t re<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>n o<span class=\"_ _0\"></span>n as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts b<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g i<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t l<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>bi<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, t<span class=\"_ _0\"></span>he u<span class=\"_ _0\"></span>nw<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>d of t<span class=\"_ _0\"></span>he d<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>nt r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te on i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ce c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t </div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs4cb\">lia<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d th<span class=\"_ _0\"></span>e o<span class=\"_ _0\"></span>pt<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n of th<span class=\"_ _0\"></span>e as<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s ba<span class=\"_ _0\"></span>ck<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ng t<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y ba<span class=\"_ _0\"></span>ck b<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ok<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ce i<span class=\"_ _0\"></span>nve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t m<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>n al<span class=\"_ _0\"></span>so i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>e im<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t of t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ge i<span class=\"_ _0\"></span>n se<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on </div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs4cc\">(see<span class=\"_ gs4cd\"> </span>N<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>te<span class=\"_ gs4cd\"> </span>2(v)).<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h21 ff1 fs10 fc2 sc0 ls77 ws0 gs4ce\">(iii) <span class=\"_ _20\"> </span>As<span class=\"_ _0\"></span>set Ma<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>agement adjusted op<span class=\"_ _0\"></span>erat<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ng prof<span class=\"_ _0\"></span>it<span class=\"_ _3b2\"> </span></div><div class=\"gs4cf\"><table class=\"s w12f h12e\" id=\"_54e2a25e-00e9-4891-8bb4-d3f0b7951c25\"><tr><td></td><td></td><td class=\"t m2 x3fc hf y4177 ff3 fs9 fc1 sc0 lsee wsf5\">Res<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ted<span class=\"_ _0\"></span><span class=\"ls1 ws0\"> </span></td></tr><tr><td></td><td class=\"t m2 x1c6 h13 y4178 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"ls1 ws0\"> </span></td><td class=\"t m2 x1c7 hf y4178 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"ls1 ws0\"> </span></td></tr><tr><td></td><td class=\"t m2 x1c8 h13 y4179 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y4179 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c x1cb y40c0 w130 h12f\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Man<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent fe<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>ven<span class=\"_ _0\"></span>ue (exclu<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>ng th<span class=\"_ _0\"></span>ird<span class=\"_ _0\"></span>-<span class=\"_ _3\"></span>par<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y m<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ket dat<span class=\"_ _0\"></span>a)</div><div class=\"t m2 x41f hbc y408c ff4 fs1c fc1 sc0 ls194 ws1ba\">1,<span class=\"_ _0\"></span>2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x420 y40c0 w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">947<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x421 y40c0 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">900<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y40c1 w131 h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">T<span class=\"_ _1\"></span>ransactional<span class=\"_ _1\"></span> revenue</div><div class=\"t m2 x422 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x423 y40c1 w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">20<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x424 y40c1 w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">26<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y40c2 w132 h12f\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ses (excl<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>hir<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y ma<span class=\"_ _0\"></span>rket d<span class=\"_ _0\"></span>ata)</div><div class=\"t m2 x425 hbc y408c ff4 fs1c fc1 sc0 ls194 ws1ba\">1,<span class=\"_ _0\"></span>2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3cb y40c2 w3a h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(711)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3cc y40c2 w3b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(658)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w133 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Operating profit from fee-<span class=\"_ _0\"></span>related earnings<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x426 y4121 w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">256<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x427 y4121 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">268<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y4158 w134 h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>atin<span class=\"_ _0\"></span>g pr<span class=\"_ _0\"></span>ofi<span class=\"_ _0\"></span>t fr<span class=\"_ _0\"></span>om ba<span class=\"_ _0\"></span>lan<span class=\"_ _0\"></span>ce s<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>et i<span class=\"_ _0\"></span>nves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts</div><div class=\"t m2 x428 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x420 y4158 w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">145<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x421 y4158 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">180<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w135 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls12e wsca\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> Asset Management<span class=\"_ _1\"></span> adjusted operating profit<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x429 y40ae w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">401<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x42a y40ae w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">448<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs4d0\">1. <span class=\"_ _15\"> </span>As<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t M<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t rev<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>e ha<span class=\"_ _0\"></span>s be<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n pr<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nte<span class=\"_ _0\"></span>d n<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t of co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ts o<span class=\"_ _0\"></span>f \u00a33<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>m i<span class=\"_ _0\"></span>n re<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on t<span class=\"_ _0\"></span>o th<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n of th<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>rd<span class=\"_ _0\"></span>-<span class=\"_ _3\"></span>par<span class=\"_ _3\"></span>ty m<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ke<span class=\"_ _0\"></span>t d<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>a (20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3: \u00a3<span class=\"_ _0\"></span>26<span class=\"_ _0\"></span>m).<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls18 ws32 gs4d1\">2<span class=\"_ _0\"></span>. <span class=\"_ _5\"> </span> <span class=\"_ _1c\"></span>Ass<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t Man<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t reve<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ue a<span class=\"_ _0\"></span>nd ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s inc<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>e the in<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t man<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t ac<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s tha<span class=\"_ _0\"></span>t the di<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>isi<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n und<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ake<span class=\"_ _0\"></span>s on be<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>lf of ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r Gr<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>p bu<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s. As in<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed in th<span class=\"_ _0\"></span>e se<span class=\"_ _0\"></span>gm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span> </div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls18 ws32 gs4d2\">rev<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>e dis<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d in Not<span class=\"_ _0\"></span>e 2(v), th<span class=\"_ _0\"></span>e rev<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ue a<span class=\"_ _0\"></span>nd ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s for th<span class=\"_ _0\"></span>e mos<span class=\"_ _0\"></span>t si<span class=\"_ _0\"></span>gn<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>fic<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nt po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n of the<span class=\"_ _0\"></span>se a<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, pr<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>ly u<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ke<span class=\"_ _0\"></span>n by the LG<span class=\"_ _0\"></span>IM d<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n pr<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>r to the 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>e in Ju<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span> </div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls18 ws32 gs4d3\">20<span class=\"_ _0\"></span>24<span class=\"_ _0\"></span>, ar<span class=\"_ _0\"></span>e in<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d in the a<span class=\"_ _0\"></span>bo<span class=\"_ _0\"></span>ve tab<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>e on a gro<span class=\"_ _0\"></span>ss bas<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>. An<span class=\"_ _0\"></span>y add<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>al 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>rov<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d by As<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t Ma<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t to oth<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r bus<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, no<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>y th<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>e inh<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d fr<span class=\"_ _0\"></span>om th<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>us LG<span class=\"_ _0\"></span>C div<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>, </div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls18 ws32 gs4d4\">ar<span class=\"_ _0\"></span>e eli<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e ab<span class=\"_ _0\"></span>ove an<span class=\"_ _0\"></span>d seg<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>al di<span class=\"_ _0\"></span>sc<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>es 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 on a ne<span class=\"_ _0\"></span>t bas<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>. Pri<span class=\"_ _0\"></span>or ye<span class=\"_ _0\"></span>ar c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ive<span class=\"_ _0\"></span>s have b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n ad<span class=\"_ _0\"></span>ju<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ted to be o<span class=\"_ _0\"></span>n a con<span class=\"_ _0\"></span>sis<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t bas<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs4d5\">3. <span class=\"_ _15\"> </span>T<span class=\"_ _1\"></span>ra<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>l re<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>e fr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>m ex<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>l cl<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ts i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s exe<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n fe<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, as<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>et t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>, t<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>gg<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r fe<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, a<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t fee<span class=\"_ _0\"></span>s o<span class=\"_ _0\"></span>n pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></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>t<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns a<span class=\"_ _0\"></span>nd p<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e fe<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs4d6\">4. <span class=\"_ _15\"> </span>Ea<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>s fr<span class=\"_ _0\"></span>om b<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e sh<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>et i<span class=\"_ _0\"></span>nve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s ac<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>s sp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ali<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t co<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>al r<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>l es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>, c<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>an e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>y, ho<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g a<span class=\"_ _0\"></span>nd a<span class=\"_ _0\"></span>lt<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ive fi<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h21 ff1 fs10 fc2 sc0 ls77 ws0 gs4d8\">(iv<span class=\"_ _4\"></span>) <span class=\"_ _c\"> </span>I<span class=\"_ _0\"></span>nvest<span class=\"_ _0\"></span>ment and other v<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ance<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div><div class=\"gs4d9\"><table class=\"s w13f h131\" id=\"_4daa1ba1-8a9f-46b9-8811-7f598f5e19d0\"><tr><td></td><td></td><td></td><td class=\"t m2 x3fc hf y4185 ff3 fs9 fc1 sc0 lsee wsf5\">Res<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td></td><td class=\"t m2 x1c6 h13 y4186 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y4186 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td></td><td class=\"t m2 x1c8 h13 y4187 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y4187 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 hb y4188 ff6 fs6 fc1 sc0 ls56 ws55\">In<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>al Re<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t and Re<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4189 w114 h116\"><div class=\"t m2 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y4189 w140 h116\"><div class=\"t m2 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls56 ws0\">Ne<span class=\"_ _0\"></span>t imp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t of inve<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt ret<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ns le<span class=\"_ _0\"></span>ss t<span class=\"_ _0\"></span>han ex<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tati<span class=\"_ _0\"></span>on a<span class=\"_ _0\"></span>nd c<span class=\"_ _0\"></span>han<span class=\"_ _0\"></span>ge i<span class=\"_ _0\"></span>n lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y dis<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>t rates<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x454 y4189 w3a h116\"><div class=\"t m2 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls56 ws55\">(711)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x455 y4189 w3b h116\"><div class=\"t m2 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls56 ws55\">(720)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y417f w114 h116\"><div class=\"t m2 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y417f w141 h116\"><div class=\"t m2 x1ca h1a y40b1 ff3 fs6 fc1 sc0 lsea ws122\">Othe<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x21b y417f w41 h116\"><div class=\"t m2 x1ca h1a y40b1 ff5 fs6 fc1 sc0 ls56 ws55\">(53)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x21c y417f w6a h116\"><div class=\"t m2 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls56 ws55\">(6)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y418b w142 h132\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l In<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>al Re<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t and Re<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>il in<span class=\"_ _0\"></span>ves<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt va<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce</div><div class=\"t m2 x456 h91 y418a ff5 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x3cb y418c w3a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(764)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3cc y418c w3b h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(726)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4180 w143 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Asset Manageme<span class=\"_ _0\"></span>nt investment v<span class=\"_ _1\"></span>ariance<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x221 y4180 w3a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(187)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x457 y4180 w3b h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(123)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y4182 w144 h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Other investment variance</div><div class=\"t m2 x458 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x3cb y4182 w3a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(285)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3cc y4182 w3b h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(529)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w145 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">Inve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt var<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ce<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x3c0 y4121 w33 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(1,236)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3bb y4121 w34 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(1,378)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y4122 w146 h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">M&amp;<span class=\"_ _3\"></span>A rel<span class=\"_ _0\"></span>ated an<span class=\"_ _0\"></span>d oth<span class=\"_ _0\"></span>er v<span class=\"_ _0\"></span>ari<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>s</div><div class=\"t m2 x459 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x3cb y4122 w3a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(147)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3cc y4122 w3b h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(199)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w147 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l inve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t an<span class=\"_ _0\"></span>d oth<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r vari<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x40b y40ae w33 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(1,383)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x40c y40ae w34 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(1,577)<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs4da\">1. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>Th<span class=\"_ _0\"></span>e in<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t va<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e fo<span class=\"_ _0\"></span>r In<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>al R<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>tir<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t an<span class=\"_ _0\"></span>d Re<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>l is d<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>n by i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s in i<span class=\"_ _0\"></span>nt<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>es a<span class=\"_ _0\"></span>nd i<span class=\"_ _0\"></span>nfl<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>s, i<span class=\"_ _0\"></span>n li<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>e wi<span class=\"_ _0\"></span>th o<span class=\"_ _0\"></span>ur y<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>r e<span class=\"_ _0\"></span>nd s<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>si<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=\"_ _0\"></span>, as we<span class=\"_ _0\"></span>ll a<span class=\"_ _0\"></span>s </div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs4db\">no<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ng I<span class=\"_ _0\"></span>F<span class=\"_ _0\"></span>RS 17 mo<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>ng r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>fin<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ts i<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e fir<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t ha<span class=\"_ _0\"></span>lf o<span class=\"_ _0\"></span>f 20<span class=\"_ _0\"></span>24 a<span class=\"_ _0\"></span>nd a<span class=\"_ _0\"></span>n a<span class=\"_ _0\"></span>dve<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>se a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g mi<span class=\"_ _0\"></span>sm<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ch f<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>m 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>el<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s in t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e se<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d ha<span class=\"_ _0\"></span>lf of t<span class=\"_ _0\"></span>he y<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>r.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs4dc\">2. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er i<span class=\"_ _0\"></span>nve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt v<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>es a \u00a3<span class=\"_ _0\"></span>11<span class=\"_ _1\"></span>0m v<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>ua<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on w<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>e dow<span class=\"_ _0\"></span>n of S<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y F<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e. I<span class=\"_ _0\"></span>n 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3, i<span class=\"_ _0\"></span>t i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>es t<span class=\"_ _0\"></span>he \u00a3<span class=\"_ _0\"></span>167m one<span class=\"_ _3\"></span>-<span class=\"_ _0\"></span>of<span class=\"_ _0\"></span>f s<span class=\"_ _0\"></span>et<span class=\"_ _3\"></span>tle<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t as<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d wi<span class=\"_ _0\"></span>th t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e bu<span class=\"_ _0\"></span>yo<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>t of th<span class=\"_ _0\"></span>e </div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs4dd\">Gr<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>p\u2019s U<span class=\"_ _0\"></span>K d<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d be<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>t p<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n sc<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g wi<span class=\"_ _0\"></span>th t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>nd n<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t in<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>e u<span class=\"_ _0\"></span>p un<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>l th<span class=\"_ _0\"></span>at t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs4de\">3. <span class=\"_ _15\"> </span>M&amp;<span class=\"_ _3\"></span>A re<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d an<span class=\"_ _0\"></span>d ot<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>er v<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s in<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>s \u00a3<span class=\"_ _0\"></span>99<span class=\"_ _0\"></span>m i<span class=\"_ _0\"></span>n re<span class=\"_ _0\"></span>sp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ct o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e di<span class=\"_ _0\"></span>sp<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>sa<span class=\"_ _0\"></span>l of Ca<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs4df\">Invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t varia<span class=\"_ _0\"></span>nce in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>des dif<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>ces be<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n actua<span class=\"_ _0\"></span>l and lon<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>-ter<span class=\"_ _0\"></span>m exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t retur<span class=\"_ _0\"></span>n on trad<span class=\"_ _0\"></span>ed and no<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>trad<span class=\"_ _0\"></span>ed ass<span class=\"_ _0\"></span>ets<span class=\"_ _0\"></span>, the imp<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs4e0\">of eco<span class=\"_ _0\"></span>no<span class=\"_ _0\"></span>mic assu<span class=\"_ _0\"></span>mpti<span class=\"_ _0\"></span>on ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>es caus<span class=\"_ _0\"></span>ed by cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>s in market co<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns or exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tatio<span class=\"_ _0\"></span>ns (e.g. cred<span class=\"_ _0\"></span>it defau<span class=\"_ _0\"></span>lt and inf<span class=\"_ _0\"></span>lati<span class=\"_ _0\"></span>on), the impa<span class=\"_ _0\"></span>ct of any </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 lsd ws7f gs4e1\">dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nce be<span class=\"_ _0\"></span>twe<span class=\"_ _0\"></span>en the act<span class=\"_ _0\"></span>ual allo<span class=\"_ _0\"></span>cated asse<span class=\"_ _0\"></span>t mix and the target lo<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>term asse<span class=\"_ _0\"></span>t mix on new pensio<span class=\"_ _0\"></span>n risk transfe<span class=\"_ _0\"></span>r busine<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>, and the yield asso<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>ted </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs4e2\">with ass<span class=\"_ _0\"></span>ets he<span class=\"_ _0\"></span>ld for futu<span class=\"_ _0\"></span>re new pe<span class=\"_ _0\"></span>nsio<span class=\"_ _0\"></span>n risk tr<span class=\"_ _0\"></span>ansfer bu<span class=\"_ _0\"></span>sine<span class=\"_ _0\"></span>ss. N<span class=\"_ _0\"></span>ote 2(i) incl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>s detai<span class=\"_ _0\"></span>ls aroun<span class=\"_ _0\"></span>d the dete<span class=\"_ _0\"></span>rmi<span class=\"_ _0\"></span>natio<span class=\"_ _0\"></span>n of the long<span class=\"_ _3\"></span>-term ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cted<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs4e3\">invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t retur<span class=\"_ _0\"></span>n in the cal<span class=\"_ _0\"></span>culat<span class=\"_ _0\"></span>ion of adjus<span class=\"_ _0\"></span>ted op<span class=\"_ _0\"></span>erati<span class=\"_ _0\"></span>ng prof<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs4e4\">For th<span class=\"_ _0\"></span>e Group\u2019s lon<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>-te<span class=\"_ _0\"></span>rm insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce bu<span class=\"_ _0\"></span>sine<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s, rein<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e mismatc<span class=\"_ _0\"></span>hes ca<span class=\"_ _0\"></span>n arise wh<span class=\"_ _0\"></span>ere th<span class=\"_ _0\"></span>e reinsu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce of<span class=\"_ _0\"></span>fset ru<span class=\"_ _0\"></span>les in IF<span class=\"_ _0\"></span>RS 17 <span class=\"_ _1\"></span>do not ref<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>ct </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs4e5\">mana<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t\u2019s view of the ne<span class=\"_ _0\"></span>t of reinsur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e trans<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>. In par<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>cul<span class=\"_ _0\"></span>ar, <span class=\"_ _1\"></span>dur<span class=\"_ _0\"></span>ing a year of reins<span class=\"_ _0\"></span>uran<span class=\"_ _0\"></span>ce re<span class=\"_ _0\"></span>neg<span class=\"_ _0\"></span>otiati<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>, reinsu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce gai<span class=\"_ _0\"></span>ns can<span class=\"_ _0\"></span>not be<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs4e6\">rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d to <span class=\"_ _1\"></span>of<span class=\"_ _0\"></span>fset any inc<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>tion lo<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s on the und<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>lyi<span class=\"_ _0\"></span>ng co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts whe<span class=\"_ _0\"></span>re they are re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed befo<span class=\"_ _0\"></span>re the new rein<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e agre<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent is sign<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>. </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs4e7\">In thes<span class=\"_ _0\"></span>e circu<span class=\"_ _0\"></span>mst<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, the one<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>s cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t loss<span class=\"_ _0\"></span>es are redu<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>d to refle<span class=\"_ _0\"></span>ct the ne<span class=\"_ _0\"></span>t loss (if any) af<span class=\"_ _0\"></span>ter reins<span class=\"_ _0\"></span>uran<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>, and fu<span class=\"_ _0\"></span>ture co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>actu<span class=\"_ _0\"></span>al ser<span class=\"_ _3\"></span>vice<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs4e8\">margi<span class=\"_ _0\"></span>n (CS<span class=\"_ _0\"></span>M) amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n is reduc<span class=\"_ _0\"></span>ed over th<span class=\"_ _0\"></span>e durati<span class=\"_ _0\"></span>on of the co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts<span class=\"_ _0\"></span>. Addi<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>ally, in some ci<span class=\"_ _0\"></span>rcum<span class=\"_ _0\"></span>sta<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>es, pr<span class=\"_ _0\"></span>ofi<span class=\"_ _0\"></span>tabl<span class=\"_ _0\"></span>e reins<span class=\"_ _0\"></span>uran<span class=\"_ _0\"></span>ce do<span class=\"_ _0\"></span>es not<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs4e9\">miti<span class=\"_ _0\"></span>gate one<span class=\"_ _0\"></span>rous lo<span class=\"_ _0\"></span>sses o<span class=\"_ _0\"></span>n gross co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>acts wh<span class=\"_ _0\"></span>ilst the n<span class=\"_ _0\"></span>et posi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n remai<span class=\"_ _0\"></span>ns prof<span class=\"_ _0\"></span>ita<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span>. Whe<span class=\"_ _0\"></span>re this is the cas<span class=\"_ _0\"></span>e, on<span class=\"_ _0\"></span>erou<span class=\"_ _0\"></span>s con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>t prof<span class=\"_ _0\"></span>its or lo<span class=\"_ _0\"></span>sses<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs4ea\">are also pres<span class=\"_ _0\"></span>ented b<span class=\"_ _0\"></span>elow ad<span class=\"_ _0\"></span>justed o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>atin<span class=\"_ _0\"></span>g profi<span class=\"_ _0\"></span>t and the C<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>M amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n is adjusted over th<span class=\"_ _0\"></span>e remai<span class=\"_ _0\"></span>ning du<span class=\"_ _0\"></span>ratio<span class=\"_ _0\"></span>n of the con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs4eb\">Chan<span class=\"_ _0\"></span>ges in n<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial ass<span class=\"_ _0\"></span>umpti<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>, inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>ing lo<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>vit<span class=\"_ _0\"></span>y, recal<span class=\"_ _0\"></span>ibr<span class=\"_ _0\"></span>ate the CS<span class=\"_ _0\"></span>M at loc<span class=\"_ _0\"></span>ked<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>, poi<span class=\"_ _0\"></span>nt-<span class=\"_ _0\"></span>of-<span class=\"_ _0\"></span>sal<span class=\"_ _0\"></span>e disco<span class=\"_ _0\"></span>unt rates<span class=\"_ _0\"></span>, whils<span class=\"_ _0\"></span>t the fulf<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t cash<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls7 ws3d gs4ec\">fl<span class=\"_ _0\"></span>ows <span class=\"_ _1\"></span>cha<span class=\"_ _0\"></span>nge at the <span class=\"_ _1\"></span>cur<span class=\"_ _0\"></span>rent disc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t rate. <span class=\"_ _1\"></span>This creates a <span class=\"_ _1\"></span>com<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>nen<span class=\"_ _0\"></span>t of <span class=\"_ _1\"></span>investme<span class=\"_ _0\"></span>nt varian<span class=\"_ _0\"></span>ce refle<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ing the differe<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e betwe<span class=\"_ _0\"></span>en thes<span class=\"_ _0\"></span>e bases. Investm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs4ed\">vari<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e for Insti<span class=\"_ _0\"></span>tuti<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>l Retirem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t and Retail in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>des \u00a3<span class=\"_ _0\"></span>79<span class=\"_ _0\"></span>m expe<span class=\"_ _0\"></span>nse (20<span class=\"_ _0\"></span>23: \u00a3<span class=\"_ _0\"></span>318m expe<span class=\"_ _0\"></span>nse) arising fr<span class=\"_ _0\"></span>om intere<span class=\"_ _0\"></span>st rate dif<span class=\"_ _0\"></span>feren<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>s on lon<span class=\"_ _0\"></span>gevi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs4ee\">assu<span class=\"_ _0\"></span>mptio<span class=\"_ _0\"></span>n cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>s in the per<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d. </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs4ef\">M&amp;<span class=\"_ _3\"></span>A related and oth<span class=\"_ _0\"></span>er var<span class=\"_ _0\"></span>ianc<span class=\"_ _0\"></span>es in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>des gai<span class=\"_ _0\"></span>ns and los<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>, exp<span class=\"_ _0\"></span>ense<span class=\"_ _0\"></span>s and inta<span class=\"_ _0\"></span>ngi<span class=\"_ _0\"></span>ble am<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>isatio<span class=\"_ _0\"></span>n relati<span class=\"_ _0\"></span>ng to acquisi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>, dispo<span class=\"_ _0\"></span>sals an<span class=\"_ _0\"></span>d </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs4f0\">restr<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>tur<span class=\"_ _0\"></span>ing as well as busi<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>s star<span class=\"_ _3\"></span>t-<span class=\"_ _0\"></span>up cos<span class=\"_ _0\"></span>ts.<span class=\"_ _0\"></span> </div><div class=\"t m2 h21 ff1 fs10 fc2 sc0 lsb3 wsb9 gs4f1\">(<span class=\"_ _1\"></span>v<span class=\"_ _1\"></span>) <span class=\"_ _bd\"> </span>Seg<span class=\"_ _0\"></span>menta<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> an<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>lys<span class=\"_ _0\"></span>is<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs4f2\">Foll<span class=\"_ _0\"></span>owing th<span class=\"_ _0\"></span>e anno<span class=\"_ _0\"></span>unc<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent of the Gro<span class=\"_ _0\"></span>up\u2019s refresh<span class=\"_ _0\"></span>ed st<span class=\"_ _0\"></span>rateg<span class=\"_ _0\"></span>y in 2024<span class=\"_ _0\"></span>, and the ass<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>iated bus<span class=\"_ _0\"></span>ines<span class=\"_ _0\"></span>s mod<span class=\"_ _0\"></span>el revis<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>, the Gro<span class=\"_ _0\"></span>up now has f<span class=\"_ _0\"></span>ive </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs4f3\">rep<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e segm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s, co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>risin<span class=\"_ _0\"></span>g Insti<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>al Retire<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt, A<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t Manag<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>, Insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>, Retail Reti<span class=\"_ _0\"></span>rem<span class=\"_ _0\"></span>ent and C<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>rate Investm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts. </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs4f4\">Fur<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er<span class=\"_ gsec\"> </span>info<span class=\"_ _0\"></span>rmat<span class=\"_ _0\"></span>ion on th<span class=\"_ _0\"></span>e chan<span class=\"_ _0\"></span>ge is set ou<span class=\"_ _0\"></span>t in Note 1<span class=\"_ _1\"></span>(iii).<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs4f5\">Grou<span class=\"_ _0\"></span>p expe<span class=\"_ _0\"></span>nse<span class=\"_ _0\"></span>s, de<span class=\"_ _0\"></span>bt cos<span class=\"_ _0\"></span>ts and ass<span class=\"_ _0\"></span>ets hel<span class=\"_ _0\"></span>d cen<span class=\"_ _0\"></span>trall<span class=\"_ _0\"></span>y are repo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ted se<span class=\"_ _0\"></span>par<span class=\"_ _0\"></span>ately. T<span class=\"_ _4\"></span>ran<span class=\"_ _0\"></span>sac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en seg<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts are on no<span class=\"_ _0\"></span>rma<span class=\"_ _0\"></span>l com<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>rcial ter<span class=\"_ _0\"></span>ms </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs4f6\">and are inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>ed wi<span class=\"_ _0\"></span>thin th<span class=\"_ _0\"></span>e repo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ted se<span class=\"_ _0\"></span>gme<span class=\"_ _0\"></span>nts<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 lsd ws7f gs4f7\">In the UK<span class=\"_ _0\"></span>, annui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y liabili<span class=\"_ _0\"></span>ties relat<span class=\"_ _0\"></span>ing to Institu<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>al Retire<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t and Retail Retire<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t are backed by a <span class=\"_ _1\"></span>singl<span class=\"_ _0\"></span>e por<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>foli<span class=\"_ _0\"></span>o of <span class=\"_ _1\"></span>assets<span class=\"_ _0\"></span>, and onc<span class=\"_ _0\"></span>e a transac<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs4f8\">has be<span class=\"_ _0\"></span>en co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>leted th<span class=\"_ _0\"></span>e assets re<span class=\"_ _0\"></span>latin<span class=\"_ _0\"></span>g to any <span class=\"_ _1\"></span>par<span class=\"_ _3\"></span>ticul<span class=\"_ _0\"></span>ar tran<span class=\"_ _0\"></span>sac<span class=\"_ _0\"></span>tion are n<span class=\"_ _0\"></span>ot tracke<span class=\"_ _0\"></span>d to the related liabi<span class=\"_ _0\"></span>liti<span class=\"_ _0\"></span>es. Inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt vari<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e is alloc<span class=\"_ _0\"></span>ated to </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs4f9\">the t<span class=\"_ _0\"></span>wo busin<span class=\"_ _0\"></span>ess se<span class=\"_ _0\"></span>gme<span class=\"_ _0\"></span>nts bas<span class=\"_ _0\"></span>ed on the re<span class=\"_ _0\"></span>lative size of the und<span class=\"_ _0\"></span>erl<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>ct liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>. </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs4fa\">Rep<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ing of asset<span class=\"_ _0\"></span>s and liabil<span class=\"_ _0\"></span>itie<span class=\"_ _0\"></span>s by repo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tab<span class=\"_ _0\"></span>le se<span class=\"_ _0\"></span>gme<span class=\"_ _0\"></span>nt has not be<span class=\"_ _0\"></span>en in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d, as this is not infor<span class=\"_ _0\"></span>matio<span class=\"_ _0\"></span>n that is provid<span class=\"_ _0\"></span>ed to key decisi<span class=\"_ _0\"></span>on make<span class=\"_ _0\"></span>rs </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls18 ws32 gs4fb\">on a regula<span class=\"_ _0\"></span>r basis. T<span class=\"_ _0\"></span>he Grou<span class=\"_ _0\"></span>p\u2019s assets and liabil<span class=\"_ _0\"></span>itie<span class=\"_ _0\"></span>s are manag<span class=\"_ _0\"></span>ed on a legal en<span class=\"_ _0\"></span>tit<span class=\"_ _0\"></span>y rath<span class=\"_ _0\"></span>er than a seg<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t basis, in line wi<span class=\"_ _0\"></span>th regul<span class=\"_ _0\"></span>ator<span class=\"_ _0\"></span>y req<span class=\"_ _0\"></span>uire<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts.<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 lsd ws7f gs4fc\">Fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial inform<span class=\"_ _0\"></span>ation on the rep<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>table se<span class=\"_ _0\"></span>gme<span class=\"_ _0\"></span>nts is fur<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er broken down whe<span class=\"_ _0\"></span>re releva<span class=\"_ _0\"></span>nt in order to <span class=\"_ _1\"></span>be<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ter explain the dr<span class=\"_ _0\"></span>iver<span class=\"_ _0\"></span>s of <span class=\"_ _1\"></span>the Grou<span class=\"_ _0\"></span>p\u2019s <span class=\"_ _1\"></span>resu<span class=\"_ _0\"></span>lts<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h15 ff1 fs5 fc2 sc0 ls18 ws0 gs4fe\">(<span class=\"_ _1\"></span>a) <span class=\"_ _8\"> </span>P<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>of<span class=\"_ _0\"></span>it/(los<span class=\"_ _0\"></span>s<span class=\"_ _1\"></span>) for the ye<span class=\"_ _0\"></span>ar<span class=\"_ _3b2\"> </span></div><div class=\"gs4ff\"><table class=\"s w148 h133\" id=\"_043b48a6-6273-4b2b-8c25-7f3c504e37ef\"><tr><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"t m2 x45a h13 y418d ff5 fs9 fc1 sc0 ls3d ws131\">Group </td><td></td></tr><tr><td></td><td class=\"t m2 x45b h13 y418e ff6 fs9 fc1 sc0 ls115 ws4f\">Institutional<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x45c h13 y418e ff5 fs9 fc1 sc0 ls3d ws131\">Asset<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m2 x45d h13 y418e ff5 fs9 fc1 sc0 ls3c ws11e\">Retail<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x45e h13 y418e ff5 fs9 fc1 sc0 ls14a ws164\">Corporate<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x288 h13 y418e ff5 fs9 fc1 sc0 ls1 ws16\">expenses and </td><td></td></tr><tr><td></td><td class=\"t m2 x45f h13 y418f ff5 fs9 fc1 sc0 ls1b ws1f\">Retire<span class=\"_ _0\"></span>ment<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x460 h13 y418f ff5 fs9 fc1 sc0 ls3d ws131\">Management<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x26a h13 y418f ff6 fs9 fc1 sc0 ls37 ws7\">Insurance<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x461 h13 y418f ff5 fs9 fc1 sc0 ls1b ws1f\">Retire<span class=\"_ _0\"></span>ment<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x462 h13 y418f ff6 fs9 fc1 sc0 ls2c ws34\">Inve<span class=\"_ _1\"></span>stments<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x463 h13 y418f ff5 fs9 fc1 sc0 ls18 ws0\">de<span class=\"_ _0\"></span>bt c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 h13 y418f ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 h13 y4190 ff5 fs9 fc1 sc0 ls18 ws0\">Fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>24<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x321 h13 y4190 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x464 h13 y4190 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x432 h13 y4190 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x465 h13 y4190 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x466 h13 y4190 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x467 h13 y4190 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 h13 y4190 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y40c0 w149 h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls113 ws5b\">Adjusted operating profit/(loss<span class=\"_ _1\"></span>)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x468 y40c0 w36 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">1,105<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x469 y40c0 w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">401<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x46a y40c0 w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">188<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x46b y40c0 w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">316<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x46c y40c0 w7b h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">95<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x46d y40c0 w3a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">(394)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x46e y40c0 w36 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">1,711<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4191 w11c h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Investment and other<span class=\"_ _1\"></span> variances<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x46f y4191 w3a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(557)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x470 y4191 w3a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(190)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x471 y4191 waf h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(52)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x472 y4191 w3a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(155)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x473 y4191 w3a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(388)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x474 y4191 w41 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(41)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x475 y4191 w33 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(1,383)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4192 w14a h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls11e ws5c\">Profits a<span class=\"_ _1\"></span>ttributable to<span class=\"_ _1\"></span> non-<span class=\"_ _0\"></span>controlling in<span class=\"_ _1\"></span>terest<span class=\"_ _1\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x476 y4192 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x477 y4192 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x478 y4192 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x479 y4192 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x47a y4192 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x47b y4192 w59 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x47c y4192 wa8 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4193 w14b h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls12e wsca\">Profit/(loss<span class=\"_ _1\"></span>)<span class=\"_ _1\"></span> before tax<span class=\"_ _1\"></span> attributable to equity holders<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x47d y4193 w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">548<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x47e y4193 w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">211<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x47f y4193 w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">136<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x480 y4193 w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">161<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x481 y4193 w3a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">(293)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x482 y4193 w3a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">(431)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x483 y4193 w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">332<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4108 w56 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws23\">T<span class=\"_ _4\"></span>ax (e<span class=\"_ _1\"></span>xpense<span class=\"_ _1\"></span>)/<span class=\"_ _1\"></span>credit<span class=\"_ _1\"></span> attributa<span class=\"_ _1\"></span>ble t<span class=\"_ _1\"></span>o equity<span class=\"_ _1\"></span> holders<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x484 y4108 w3a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(131)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x485 y4108 w14c h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(46)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x486 y4108 w41 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(41)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x487 y4108 w41 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(37)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x488 y4108 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x489 y4108 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">118<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x48a y4108 w3a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(137)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w14d h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls113 ws5b\">Profit/(loss<span class=\"_ _1\"></span>) for<span class=\"_ _1\"></span> the year<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x48b y40ae w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">417<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x48c y40ae w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">165<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x48d y40ae w7b h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">95<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x48e y40ae w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">124<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x48f y40ae w3a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">(293)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x490 y40ae w3a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">(313)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x491 y40ae w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">195<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"gs500\"><table class=\"s w14e h134\" id=\"_61fed222-e14b-4a71-8dcc-5414704a9573\"><tr><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"t m2 x45a hf y4194 ff3 fs9 fc1 sc0 ls45 ws100\">Group </td><td></td></tr><tr><td></td><td class=\"t m2 x492 hf y4195 ff3 fs9 fc1 sc0 ls10a ws118\">Institu<span class=\"_ _0\"></span>tional<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x45c hf y4195 ff3 fs9 fc1 sc0 ls1 ws0\">Asset<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m2 x493 hf y4195 ff3 fs9 fc1 sc0 ls10a ws118\">Retail<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x494 hf y4195 ff3 fs9 fc1 sc0 ls38 ws3a\">Corporate<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x495 hf y4195 ff3 fs9 fc1 sc0 ls168 ws123\">expenses and </td><td></td></tr><tr><td></td><td class=\"t m2 x496 hf y4196 ff3 fs9 fc1 sc0 ls10a ws118\">Retireme<span class=\"_ _0\"></span>nt<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x460 hf y4196 ff3 fs9 fc1 sc0 ls38 ws3a\">Management<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x497 hf y4196 ff3 fs9 fc1 sc0 ls187 ws19c\">Insurance<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x498 hf y4196 ff3 fs9 fc1 sc0 ls10a ws118\">Retireme<span class=\"_ _0\"></span>nt<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x499 hf y4196 ff3 fs9 fc1 sc0 ls187 ws19c\">Investments<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x49a hf y4196 ff3 fs9 fc1 sc0 ls18 ws0\">de<span class=\"_ _0\"></span>bt c<span class=\"_ _0\"></span>ost<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y4196 ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 hf y4197 ff3 fs9 fc1 sc0 ls18 ws0\">Fo<span class=\"_ _0\"></span>r the y<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>r en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>23 (<span class=\"_ _0\"></span>Res<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ted<span class=\"_ _0\"></span>)<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x321 hf y4197 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x464 hf y4197 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x432 hf y4197 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x465 hf y4197 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x466 hf y4197 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x467 hf y4197 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y4197 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y4198 w14f h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">Adjusted operating profit/(loss)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x49b y4198 wc5 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,028<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x49c y4198 w42 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">448<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x49d y4198 w42 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">139<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x49e y4198 w42 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">310<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x49f y4198 w42 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">136<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4a0 y4198 w3b h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(394)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x253 y4198 w37 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,667<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4199 w11c h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">Investment and other<span class=\"_ _1\"></span> variances<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4a1 y4199 wc6 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(555)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4a2 y4199 wc6 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(123)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4a3 y4199 w71 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(22)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4a4 y4199 w3b h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(149)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4a5 y4199 w3b h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(363)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4a6 y4199 w3b h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(365)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4a7 y4199 w34 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(1,577)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y419a w150 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">Losses attributable to non-<span class=\"_ _0\"></span>controlling inter<span class=\"_ _1\"></span>ests<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4a8 y419a wbd h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4a9 y419a wbd h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4aa y419a wbd h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4ab y419a wbd h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4ac y419a wbf h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4ad y419a w71 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(14)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4ae y419a w71 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(14)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w151 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Prof<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>/(lo<span class=\"_ _0\"></span>ss) befo<span class=\"_ _0\"></span>re ta<span class=\"_ _0\"></span>x at<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ib<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e to eq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y hol<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>rs<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4af y4121 w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">473<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4b0 y4121 w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">325<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4b1 y4121 w4b h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">117<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4b2 y4121 w4b h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">161<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4b3 y4121 w3b h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(227)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4b4 y4121 w3b h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(773)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4b5 y4121 w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">76<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ac w152 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws23\">T<span class=\"_ _4\"></span>ax credit/(<span class=\"_ _1\"></span>expens<span class=\"_ _1\"></span>e)<span class=\"_ _1\"></span> attributa<span class=\"_ _1\"></span>ble t<span class=\"_ _1\"></span>o equity<span class=\"_ _1\"></span> holders<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4b6 y40ac w153 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">236<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4b7 y40ac w71 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(30)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4b8 y40ac w71 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(44)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4b9 y40ac w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">61<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4ba y40ac w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">17<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4bb y40ac w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">127<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4bc y40ac w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">367<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae wbc h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Prof<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>/(lo<span class=\"_ _0\"></span>ss) for th<span class=\"_ _0\"></span>e yea<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4bd y40ae w153 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">709<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4be y40ae w153 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">295<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4bf y40ae w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">73<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4c0 y40ae w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">222<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4c1 y40ae w4d h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(210)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4c2 y40ae w4d h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(646)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4c3 y40ae w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">443<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"t m2 h15 ff1 fs5 fc2 sc0 ls18 ws0 gs501\">(b) <span class=\"_ _7\"> </span>Tota<span class=\"_ _0\"></span>l r<span class=\"_ _0\"></span>evenue \u2013 s<span class=\"_ _0\"></span>um<span class=\"_ _3\"></span>ma<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs502\">T<span class=\"_ _1\"></span>otal revenue inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>es insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce reve<span class=\"_ _0\"></span>nue<span class=\"_ _0\"></span>, fees fro<span class=\"_ _0\"></span>m fund ma<span class=\"_ _0\"></span>nage<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt and inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts an<span class=\"_ _0\"></span>d other op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>nal inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e from co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>acts<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs503\">with cu<span class=\"_ _0\"></span>stom<span class=\"_ _0\"></span>ers<span class=\"_ _0\"></span>. Fur<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er de<span class=\"_ _0\"></span>tails on th<span class=\"_ _0\"></span>e com<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>nen<span class=\"_ _0\"></span>ts of insura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e revenu<span class=\"_ _0\"></span>e are discl<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>d in Note 21<span class=\"_ _1\"></span>. Othe<span class=\"_ _0\"></span>r ope<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>onal in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me fro<span class=\"_ _0\"></span>m con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts with<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs504\">cus<span class=\"_ _0\"></span>tome<span class=\"_ _0\"></span>rs is a comp<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ent of othe<span class=\"_ _0\"></span>r ope<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>onal in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me and excl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>s the sha<span class=\"_ _0\"></span>re of profit<span class=\"_ _0\"></span>/<span class=\"_ _0\"></span>los<span class=\"_ _0\"></span>s from ass<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>iates and join<span class=\"_ _0\"></span>t venture<span class=\"_ _0\"></span>s, as well as gain<span class=\"_ _0\"></span>s/<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs505\">loss<span class=\"_ _0\"></span>es on disp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>al of subsidia<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>s, ass<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>iates, jo<span class=\"_ _0\"></span>int ventu<span class=\"_ _0\"></span>res and oth<span class=\"_ _0\"></span>er op<span class=\"_ _0\"></span>erat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs506\">Th<span class=\"_ _0\"></span>e table<span class=\"_ _0\"></span>s bel<span class=\"_ _0\"></span>ow split th<span class=\"_ _0\"></span>e revenu<span class=\"_ _0\"></span>e by the geo<span class=\"_ _0\"></span>gr<span class=\"_ _0\"></span>aphi<span class=\"_ _0\"></span>c loc<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of the clien<span class=\"_ _0\"></span>t.<span class=\"_ _3b2\"> </span></div><div class=\"gs507\"><table class=\"s w154 h135\" id=\"_c2700dfd-db44-4e2c-8081-862b80d4dbe7\"><tr><td></td><td class=\"t m2 x4c4 h13 y419b ff5 fs9 fc1 sc0 ls189 ws1ab\">Unite<span class=\"_ _0\"></span>d </td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m2 x4c5 h13 y419c ff6 fs9 fc1 sc0 ls3d ws131\">Kingdom<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x31d h13 y419c ff5 fs9 fc1 sc0 ls3d ws131\">USA<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x495 h13 y419c ff5 fs9 fc1 sc0 ls18 ws0\">Res<span class=\"_ _0\"></span>t o<span class=\"_ _0\"></span>f Wor<span class=\"_ _0\"></span>ld<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 h13 y419c ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 h13 y419d ff5 fs9 fc1 sc0 ls18 ws0\">Fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>24<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x465 h13 y419d ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x466 h13 y419d ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x467 h13 y419d ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 h13 y419d ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y4192 w2d h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 lsea ws27\">Insurance revenue<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4c6 y4192 w36 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">8,419<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4c7 y4192 w36 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">2,032<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4c8 y4192 w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">123<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4c9 y4192 w93 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">10,574<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y419e w48 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Fe<span class=\"_ _0\"></span>es fr<span class=\"_ _0\"></span>om f<span class=\"_ _0\"></span>und m<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt a<span class=\"_ _0\"></span>nd inv<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>cts<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x46b y419e w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">702<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x46c y419e w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">83<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4ca y419e w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">79<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4cb y419e w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">864<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4108 w155 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">O<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>al in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me f<span class=\"_ _0\"></span>rom c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>s wi<span class=\"_ _0\"></span>th cu<span class=\"_ _0\"></span>sto<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>rs<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4cc y4108 w36 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">1,249<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4cd y4108 wa8 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4ce y4108 wa6 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4cf y4108 w36 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">1,251<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w156 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls1 ws0\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> rev<span class=\"_ _1\"></span>enue<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4d0 y40ae w93 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">10,370<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4d1 y40ae w36 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">2,117<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4d2 y40ae w4a h11b\"><div class=\"t m2 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls56 ws55\">202<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4d3 y40ae w93 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">12,689<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"gs508\"><table class=\"s w157 h136\" id=\"_774c156b-4537-40f9-8e91-9c48adfb56b6\"><tr><td></td><td class=\"t m2 x4d4 hf y419f ff3 fs9 fc1 sc0 ls14a ws164\">Unite<span class=\"_ _1\"></span>d </td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m2 x4c5 hf y41a0 ff3 fs9 fc1 sc0 ls187 ws19c\">Kingdom<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x4d5 hf y41a0 ff3 fs9 fc1 sc0 ls30 ws9\">USA<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x495 hf y41a0 ff3 fs9 fc1 sc0 ls18 ws0\">Res<span class=\"_ _0\"></span>t of Wo<span class=\"_ _0\"></span>rl<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y41a0 ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 hf y41a1 ff3 fs9 fc1 sc0 ls18 ws0\">Fo<span class=\"_ _0\"></span>r the y<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>r en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>23<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x465 hf y41a1 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x466 hf y41a1 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x467 hf y41a1 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y41a1 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y40c2 w2d h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 lsea ws27\">Insurance revenue<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4d6 y40c2 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">7,679<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4d7 y40c2 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,830<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4d8 y40c2 w4b h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">115<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1d3 y40c2 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">9,624<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4183 w48 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Fe<span class=\"_ _0\"></span>es fr<span class=\"_ _0\"></span>om f<span class=\"_ _0\"></span>und m<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt a<span class=\"_ _0\"></span>nd inv<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>cts<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4d9 y4183 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">652<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4da y4183 w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">80<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4db y4183 w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">93<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4dc y4183 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">825<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4158 w155 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">O<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>al in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me f<span class=\"_ _0\"></span>rom c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>s wi<span class=\"_ _0\"></span>th cu<span class=\"_ _0\"></span>sto<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>rs<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4dd y4158 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,661<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4de y4158 w50 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4df y4158 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4e0 y4158 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,662<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w158 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls15e ws1ad\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span> r<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>u<span class=\"_ _3\"></span>e<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4e1 y40ae w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">9,992<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4e2 y40ae w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,911<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4e3 y40ae w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">208<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4e4 y40ae w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">12,111<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"t m0 h15 ff1 fs5 fc2 sc0 ls18 ws0 gs50a\">(<span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>) <span class=\"_ _4c\"> </span>Total r<span class=\"_ _0\"></span>evenue \u2013 i<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>/ext<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l a<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>ly<span class=\"_ _0\"></span>sis<span class=\"_ _3b2\"> </span></div><div class=\"gs4ff\"><table class=\"s w154 h137\" id=\"_c8a26310-b1c3-4a89-a8ea-821ffb901d18\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x49a h13 y41a2 ff5 fs9 fc1 sc0 ls14a ws164\">Corporate<span class=\"ls1 ws0\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x4e5 h13 y41a3 ff6 fs9 fc1 sc0 ls115 ws4f\">Institutional<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x4e6 h13 y41a3 ff5 fs9 fc1 sc0 ls3d ws131\">Asset<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m0 x4e7 h13 y41a3 ff5 fs9 fc1 sc0 ls3c ws11e\">Retail<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x4e8 h13 y41a3 ff6 fs9 fc1 sc0 ls2c ws34\">Inve<span class=\"_ _1\"></span>stments<span class=\"_ _3b2\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x4e9 h13 y41a4 ff5 fs9 fc1 sc0 ls1b ws1f\">Retire<span class=\"_ _0\"></span>ment<span class=\"_ _3b2\"> </span></td><td class=\"c x4eb y41a6 w159 h138\"><div class=\"t m0 x1ca h13 y40ef ff5 fs9 fc1 sc0 ls3d ws131\">Management</div><div class=\"t m0 x4ea h99 y41a5 ff5 fs1b fc1 sc0 ls1 ws0\">1</div></td><td class=\"t m0 x4ec h13 y41a4 ff6 fs9 fc1 sc0 ls37 ws7\">Insurance<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x287 h13 y41a4 ff5 fs9 fc1 sc0 ls1b ws1f\">Retire<span class=\"_ _0\"></span>ment<span class=\"_ _3b2\"> </span></td><td class=\"c x420 y41a6 w15a h138\"><div class=\"t m0 x1ca h13 y40ef ff5 fs9 fc1 sc0 ls38 ws3b\">and other</div><div class=\"t m0 x4ed h99 y41a5 ff5 fs1b fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"t m0 x1c7 h13 y41a4 ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 h13 y41a7 ff5 fs9 fc1 sc0 ls18 ws0\">Fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>24<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x464 h13 y41a7 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x432 h13 y41a7 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x465 h13 y41a7 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x466 h13 y41a7 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x467 h13 y41a7 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 h13 y41a7 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c x1cb y419e w15b h11a\"><div class=\"t m0 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls149 ws29\">Internal revenue</div><div class=\"t m0 x4ee h5a y41a8 ff3 fs1c fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4ef y4121 wa5 h116\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4f0 y4121 w4a h116\"><div class=\"t m0 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">193<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4f1 y4121 wa5 h116\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4f2 y4121 wa5 h116\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4f3 y4121 w3a h116\"><div class=\"t m0 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">(193)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4f4 y4121 wa5 h116\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41a9 w15c h116\"><div class=\"t m0 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls10a ws5a\">Ex<span class=\"_ _0\"></span>ternal revenue<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4f5 y41a9 w36 h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls56 ws55\">5,885<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4f6 y41a9 w4a h116\"><div class=\"t m0 x1ca h1a y40b1 ff5 fs6 fc1 sc0 ls56 ws55\">849<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4f7 y41a9 w36 h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls56 ws55\">3,366<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4f8 y41a9 w36 h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls56 ws55\">1,584<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4f9 y41a9 w36 h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls56 ws55\">1,005<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4fa y41a9 w2f h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls56 ws55\">12,689<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w156 h116\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> rev<span class=\"_ _1\"></span>enue<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4fb y40ae w36 h116\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">5,885<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4fc y40ae w36 h116\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">1,042<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4fd y40ae w36 h116\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">3,366<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4fe y40ae w36 h116\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">1,584<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4ff y40ae w4a h116\"><div class=\"t m0 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">812<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x500 y40ae w2f h116\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">12,689<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"gs50b\"><table class=\"s w15d h139\" id=\"_2a2c3dc9-ba29-4082-9db1-aad5f588501f\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x501 hf y41aa ff3 fs9 fc1 sc0 ls38 ws3a\">Corporate<span class=\"ls1 ws0\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x4e9 hf y41ab ff3 fs9 fc1 sc0 ls10a ws118\">Institu<span class=\"_ _0\"></span>tional<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x502 hf y41ab ff3 fs9 fc1 sc0 ls1 ws0\">Asset<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m0 x325 hf y41ab ff3 fs9 fc1 sc0 ls10a ws118\">Retail<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x503 hf y41ab ff3 fs9 fc1 sc0 ls187 ws19c\">Investments<span class=\"_ _3b2\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x269 hf y41ac ff3 fs9 fc1 sc0 ls10a ws118\">Retireme<span class=\"_ _0\"></span>nt<span class=\"_ _3b2\"> </span></td><td class=\"c x505 y41ae w15e h11e\"><div class=\"t m0 x1ca hf y415b ff3 fs9 fc1 sc0 ls38 ws3a\">Management</div><div class=\"t m0 x504 ha4 y41ad ff3 fs1b fc1 sc0 ls1 ws0\">1</div></td><td class=\"t m0 x506 hf y41ac ff3 fs9 fc1 sc0 ls187 ws19c\">Insurance<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x507 hf y41ac ff3 fs9 fc1 sc0 ls10a ws118\">Retireme<span class=\"_ _0\"></span>nt<span class=\"_ _3b2\"> </span></td><td class=\"c x509 y41ae w15f h11e\"><div class=\"t m0 x1ca hf y415b ff3 fs9 fc1 sc0 ls18 ws0\">and o<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er</div><div class=\"t m0 x508 ha4 y41ad ff3 fs1b fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"t m0 x1c7 hf y41ac ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 hf y41af ff3 fs9 fc1 sc0 ls18 ws0\">Fo<span class=\"_ _0\"></span>r the y<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>r en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>23 (<span class=\"_ _0\"></span>Res<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ted<span class=\"_ _0\"></span>)<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x464 hf y41af ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x432 hf y41af ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x465 hf y41af ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x466 hf y41af ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x467 hf y41af ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 hf y41af ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c x1cb y4183 w15b h11a\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls149 ws29\">Internal revenue</div><div class=\"t m0 x4ee h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x50a y4183 wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x50b y4183 w42 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">176<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x50c y4183 wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x50d y4183 wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x50e y4183 w3b h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(176)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x50f y4183 wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ac w15c h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10a ws5a\">Ex<span class=\"_ _0\"></span>ternal revenue<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x510 y40ac wc5 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5,257<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x511 y40ac w42 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">930<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x512 y40ac w30 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,115<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x513 y40ac w30 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,468<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x514 y40ac w30 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,341<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x515 y40ac w3e h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">12,111<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w158 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls15e ws1ad\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span> r<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>u<span class=\"_ _3\"></span>e<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x516 y40ae wc5 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5,257<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x517 y40ae w37 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,106<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x518 y40ae w37 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,115<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x519 y40ae w37 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,468<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x51a y40ae w37 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,165<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x51b y40ae w3e h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">12,111<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"t m0 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs50c\">1. <span class=\"_ _15\"> </span>As<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t M<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t in<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>al r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ue r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>tes t<span class=\"_ _0\"></span>o in<span class=\"_ _0\"></span>ves<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t ma<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t s<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>vic<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s pr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r s<span class=\"_ _0\"></span>eg<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs50d\">2. <span class=\"_ _15\"> </span>O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s in<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r-<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>gm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>al e<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns a<span class=\"_ _0\"></span>nd G<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>p c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>da<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on a<span class=\"_ _0\"></span>dj<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs50e\">3. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>As<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t M<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t rev<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>e in<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>e in<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t ma<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e d<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n un<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ta<span class=\"_ _0\"></span>kes o<span class=\"_ _0\"></span>n be<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>f of ot<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>er G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>p bu<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>e fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e mo<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t si<span class=\"_ _0\"></span>gn<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>fic<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t </div><div class=\"t m0 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs50f\">po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n of th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>se a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>sl<span class=\"_ _0\"></span>y u<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ke<span class=\"_ _0\"></span>n by t<span class=\"_ _0\"></span>he L<span class=\"_ _0\"></span>GI<span class=\"_ _0\"></span>M di<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n pr<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>r to t<span class=\"_ _0\"></span>he 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>tu<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e in J<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>e 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>, ar<span class=\"_ _0\"></span>e in<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d i<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e ab<span class=\"_ _0\"></span>ove t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>e on a g<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>s bas<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>. A<span class=\"_ _0\"></span>ny a<span class=\"_ _0\"></span>dd<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>al s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>s </div><div class=\"t m0 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs510\">pr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>y As<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t M<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t to o<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er d<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, no<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>y th<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>se i<span class=\"_ _0\"></span>nh<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d fr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>m th<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>us L<span class=\"_ _0\"></span>GC d<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>, a<span class=\"_ _0\"></span>re e<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d in t<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>gm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>al d<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d on a n<span class=\"_ _0\"></span>et b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>. </div><div class=\"t m0 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs511\">Pr<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>r ye<span class=\"_ _0\"></span>ar c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ves h<span class=\"_ _0\"></span>ave b<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>en a<span class=\"_ _0\"></span>dj<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed to b<span class=\"_ _0\"></span>e o<span class=\"_ _0\"></span>n a co<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>sis<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t ba<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>s.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h15 ff1 fs5 fc2 sc0 ls18 ws0 gs512\">(<span class=\"_ _1\"></span>d) <span class=\"_ _217\"> </span>Fees f<span class=\"_ _0\"></span>rom f<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>nd m<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>gement a<span class=\"_ _0\"></span>nd i<span class=\"_ _0\"></span>nvest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs513\">Fee<span class=\"_ _0\"></span>s from fu<span class=\"_ _0\"></span>nd mana<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t and invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>e fees for admi<span class=\"_ _0\"></span>nistr<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n and mana<span class=\"_ _0\"></span>ging of fun<span class=\"_ _0\"></span>ds in pen<span class=\"_ _0\"></span>sio<span class=\"_ _0\"></span>n plans<span class=\"_ _0\"></span>, as well </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs514\">as<span class=\"_ gsec\"> </span>reven<span class=\"_ _0\"></span>ue ge<span class=\"_ _0\"></span>ner<span class=\"_ _0\"></span>ated from ac<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g as the investm<span class=\"_ _0\"></span>ent ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>er for clie<span class=\"_ _0\"></span>nts<span class=\"_ _0\"></span>. T<span class=\"_ _4\"></span>r<span class=\"_ _0\"></span>ansa<span class=\"_ _0\"></span>ctio<span class=\"_ _0\"></span>n fees are ch<span class=\"_ _0\"></span>arge<span class=\"_ _0\"></span>d to imple<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt trad<span class=\"_ _0\"></span>es for clie<span class=\"_ _0\"></span>nts.<span class=\"_ _3b2\"> </span></div><div class=\"gs515\"><table class=\"s w154 h13a\" id=\"_65031344-513b-43d4-ad4e-af28afd9fd3d\"><tr><td></td><td></td><td></td><td class=\"t m0 x49a h13 y41b0 ff5 fs9 fc1 sc0 ls14a ws164\">Corporate<span class=\"ls1 ws0\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x45d h13 y41b1 ff5 fs9 fc1 sc0 ls3d ws131\">Asset<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x4e7 h13 y41b1 ff5 fs9 fc1 sc0 ls3c ws11e\">Retail<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x4e8 h13 y41b1 ff6 fs9 fc1 sc0 ls2c ws34\">Inve<span class=\"_ _1\"></span>stments<span class=\"_ _3b2\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x51c h13 y41b2 ff5 fs9 fc1 sc0 ls3d ws131\">Management<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x287 h13 y41b2 ff5 fs9 fc1 sc0 ls1b ws1f\">Retire<span class=\"_ _0\"></span>ment<span class=\"_ _3b2\"> </span></td><td class=\"c x420 y41b4 w160 h123\"><div class=\"t m0 x1ca h13 y4151 ff5 fs9 fc1 sc0 ls38 ws3b\">and other</div><div class=\"t m0 x51d h99 y41b3 ff5 fs1b fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"t m0 x1c7 h13 y41b2 ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 h13 y41b5 ff5 fs9 fc1 sc0 ls18 ws0\">Fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>24<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x465 h13 y41b5 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x466 h13 y41b5 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x467 h13 y41b5 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 h13 y41b5 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c x1cb y419e w161 h11a\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls113 ws5b\">Inv<span class=\"_ _1\"></span>estment con<span class=\"_ _1\"></span>tracts<span class=\"_ _1\"></span> and mana<span class=\"_ _1\"></span>gement f<span class=\"_ _1\"></span>ees</div><div class=\"t m0 x425 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x51e y4121 w4a h11b\"><div class=\"t m0 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls56 ws55\">909<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x51f y4121 w4a h11b\"><div class=\"t m0 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls56 ws55\">122<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x520 y4121 w3a h11b\"><div class=\"t m0 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">(186)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x521 y4121 w4a h11b\"><div class=\"t m0 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls56 ws55\">845<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4108 w162 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">T<span class=\"_ _1\"></span>ransaction<span class=\"_ _1\"></span> fees<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x522 y4108 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">19<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x523 y4108 wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4ce y4108 wa6 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x524 y4108 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">19<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w163 h11b\"><div class=\"t m0 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l fee<span class=\"_ _0\"></span>s fro<span class=\"_ _0\"></span>m fu<span class=\"_ _0\"></span>nd ma<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t an<span class=\"_ _0\"></span>d inves<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t con<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x525 y40ae w4a h11b\"><div class=\"t m0 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls56 ws55\">928<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x526 y40ae w4a h11b\"><div class=\"t m0 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls56 ws55\">122<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x527 y40ae w3a h11b\"><div class=\"t m0 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">(186)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x528 y40ae w4a h11b\"><div class=\"t m0 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">864<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"gs516\"><table class=\"s w164 h13b\" id=\"_b1b6989c-1f7f-41ba-99a5-507bf9e03bc1\"><tr><td></td><td></td><td></td><td class=\"t m0 x501 hf y41b6 ff3 fs9 fc1 sc0 ls38 ws3a\">Corporate<span class=\"ls1 ws0\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x493 hf y41b7 ff3 fs9 fc1 sc0 ls1 ws0\">Asset<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x325 hf y41b7 ff3 fs9 fc1 sc0 ls10a ws118\">Retail<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x503 hf y41b7 ff3 fs9 fc1 sc0 ls187 ws19c\">Investments<span class=\"_ _3b2\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x529 hf y41b8 ff3 fs9 fc1 sc0 ls38 ws3a\">Management<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x507 hf y41b8 ff3 fs9 fc1 sc0 ls10a ws118\">Retireme<span class=\"_ _0\"></span>nt<span class=\"_ _3b2\"> </span></td><td class=\"c x509 y41b9 w15f h11e\"><div class=\"t m0 x1ca hf y40a5 ff3 fs9 fc1 sc0 ls18 ws0\">and o<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er</div><div class=\"t m0 x508 ha4 y410d ff3 fs1b fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"t m0 x1c7 hf y41b8 ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 hf y41ba ff3 fs9 fc1 sc0 ls18 ws0\">Fo<span class=\"_ _0\"></span>r the y<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>r en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>23 (<span class=\"_ _0\"></span>Res<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ted<span class=\"_ _0\"></span>)<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x465 hf y41ba ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x466 hf y41ba ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x467 hf y41ba ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 hf y41ba ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c x1cb y4121 w161 h11a\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls113 ws5b\">Inv<span class=\"_ _1\"></span>estment con<span class=\"_ _1\"></span>tracts<span class=\"_ _1\"></span> and mana<span class=\"_ _1\"></span>gement f<span class=\"_ _1\"></span>ees</div><div class=\"t m0 x425 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x51e y4121 w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">869<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x52a y4121 w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">104<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x52b y4121 w3b h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(173)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x52c y4121 w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">800<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ac w162 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">T<span class=\"_ _1\"></span>ransaction<span class=\"_ _1\"></span> fees<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x522 y40ac w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">25<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x52d y40ac wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x52e y40ac wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x52f y40ac w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">25<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w165 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">T<span class=\"_ _1\"></span>otal fee<span class=\"_ _0\"></span>s fro<span class=\"_ _0\"></span>m fu<span class=\"_ _0\"></span>nd m<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt an<span class=\"_ _0\"></span>d inve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>ts<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x530 y40ae w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">894<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x531 y40ae w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">104<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x532 y40ae w4d h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(173)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x42a y40ae w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">825<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"t m0 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs517\">1. <span class=\"_ _15\"> </span>O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s in<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r-<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>gm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>al e<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns a<span class=\"_ _0\"></span>nd G<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>p c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>da<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on a<span class=\"_ _0\"></span>dj<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs518\">2. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>As<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t M<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t rev<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>e in<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>e in<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t ma<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e d<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n un<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ta<span class=\"_ _0\"></span>kes o<span class=\"_ _0\"></span>n be<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>f of ot<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>er G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>p bu<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>e fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e mo<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t si<span class=\"_ _0\"></span>gn<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>fic<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t </div><div class=\"t m0 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs519\">po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n of th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>se a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>sl<span class=\"_ _0\"></span>y u<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ke<span class=\"_ _0\"></span>n by t<span class=\"_ _0\"></span>he L<span class=\"_ _0\"></span>GI<span class=\"_ _0\"></span>M di<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n pr<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>r to t<span class=\"_ _0\"></span>he 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>tu<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e in J<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>e 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>, ar<span class=\"_ _0\"></span>e in<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d i<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e ab<span class=\"_ _0\"></span>ove t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>e on a g<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>s bas<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>. A<span class=\"_ _0\"></span>ny a<span class=\"_ _0\"></span>dd<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>al s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>s </div><div class=\"t m0 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs51a\">pr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>y As<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t M<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t to o<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er d<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, no<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>y th<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>se i<span class=\"_ _0\"></span>nh<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d fr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>m th<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>us L<span class=\"_ _0\"></span>GC d<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>, a<span class=\"_ _0\"></span>re e<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d in t<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>gm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>al d<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d on a n<span class=\"_ _0\"></span>et b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>. </div><div class=\"t m0 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs51b\">Pr<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>r p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>es h<span class=\"_ _0\"></span>ave b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n a<span class=\"_ _0\"></span>dj<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d to b<span class=\"_ _0\"></span>e on a c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t ba<span class=\"_ _0\"></span>sis<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h15 ff1 fs5 fc2 sc0 ls18 ws0 gs51c\">(<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>) <span class=\"_ _4c\"> </span>Ot<span class=\"_ _0\"></span>her o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>iona<span class=\"_ _0\"></span>l i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ome f<span class=\"_ _0\"></span>rom cont<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>ts w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h cu<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>omer<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs51d\">Ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r ope<span class=\"_ _0\"></span>ratio<span class=\"_ _0\"></span>nal in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me fro<span class=\"_ _0\"></span>m cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>ts with cu<span class=\"_ _0\"></span>stom<span class=\"_ _0\"></span>ers in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>des ho<span class=\"_ _0\"></span>use bu<span class=\"_ _0\"></span>ildin<span class=\"_ _0\"></span>g revenu<span class=\"_ _0\"></span>e, reve<span class=\"_ _0\"></span>nue ar<span class=\"_ _0\"></span>isin<span class=\"_ _0\"></span>g from profess<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>al ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>es and </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs51e\">insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce bro<span class=\"_ _0\"></span>ker fees<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"gs51f\"><table class=\"s w154 h13d\" id=\"_54f03551-7cb6-42e8-a72d-90fb37a3f07a\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x49a h13 y41c2 ff5 fs9 fc1 sc0 ls14a ws164\">Corporate<span class=\"ls1 ws0\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x4e5 h13 y41c3 ff6 fs9 fc1 sc0 ls115 ws4f\">Institutional<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x4e6 h13 y41c3 ff5 fs9 fc1 sc0 ls3d ws131\">Asset<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m0 x4e7 h13 y41c3 ff5 fs9 fc1 sc0 ls3c ws11e\">Retail<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x4e8 h13 y41c3 ff6 fs9 fc1 sc0 ls2c ws34\">Inve<span class=\"_ _1\"></span>stments<span class=\"_ _3b2\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x4e9 h13 y41c4 ff5 fs9 fc1 sc0 ls1b ws1f\">Retire<span class=\"_ _0\"></span>ment<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x54a h13 y41c4 ff5 fs9 fc1 sc0 ls3d ws131\">Management<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x4ec h13 y41c4 ff6 fs9 fc1 sc0 ls37 ws7\">Insurance<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x287 h13 y41c4 ff5 fs9 fc1 sc0 ls1b ws1f\">Retire<span class=\"_ _0\"></span>ment<span class=\"_ _3b2\"> </span></td><td class=\"c x420 y41c5 w15a h123\"><div class=\"t m0 x1ca h13 y4151 ff5 fs9 fc1 sc0 ls38 ws3b\">and other</div><div class=\"t m0 x4ed h99 y41b3 ff5 fs1b fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"t m0 x1c7 h13 y41c4 ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 h13 y41c6 ff5 fs9 fc1 sc0 ls18 ws0\">Fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>24<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x464 h13 y41c6 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x432 h13 y41c6 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x465 h13 y41c6 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x466 h13 y41c6 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x467 h13 y41c6 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 h13 y41c6 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y41c7 w167 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">House building<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x54b y41c7 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">14<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x54c y41c7 w4a h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">100<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x54d y41c7 wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x54e y41c7 wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x54f y41c7 w4a h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">984<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x550 y41c7 w36 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">1,098<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y419e w168 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">Profess<span class=\"_ _1\"></span>ional serv<span class=\"_ _0\"></span>ices fees<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x539 y419e wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x551 y419e w70 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">14<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x552 y419e w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">51<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x553 y419e wa8 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">6<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x554 y419e w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">13<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x555 y419e w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">84<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41a9 w169 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 lsea ws27\">Insurance broker<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x53e y41a9 wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x556 y41a9 wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x557 y41a9 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">68<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x558 y41a9 wa6 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x559 y41a9 wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x222 y41a9 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">68<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y40ae w16c h11f\"><div class=\"t m0 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls11c ws25\">T<span class=\"_ _4\"></span>ot<span class=\"_ _0\"></span>al other<span class=\"_ _1\"></span> operational income<span class=\"_ _1\"></span> from<span class=\"_ _1\"></span> contracts with customers</div><div class=\"t m0 x55a h91 y40aa ff5 fs1c fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x55b y40ae w7b h11b\"><div class=\"t m0 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls56 ws55\">14<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x55c y40ae w4a h11b\"><div class=\"t m0 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls56 ws55\">114<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x55d y40ae w4a h11b\"><div class=\"t m0 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls56 ws55\">119<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x55e y40ae wa8 h11b\"><div class=\"t m0 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls1 ws0\">6<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x55f y40ae w4a h11b\"><div class=\"t m0 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">997<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x560 y40ae w36 h11b\"><div class=\"t m0 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">1,250<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"gs520\"><table class=\"s w166 h13c\" id=\"_52c85b65-1dd5-4f9a-8262-df0e3985f7ce\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x501 hf y41bb ff3 fs9 fc1 sc0 ls38 ws3a\">Corporate<span class=\"ls1 ws0\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x4e9 hf y41bc ff3 fs9 fc1 sc0 ls10a ws118\">Institu<span class=\"_ _0\"></span>tional<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x502 hf y41bc ff3 fs9 fc1 sc0 ls1 ws0\">Asset<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m0 x325 hf y41bc ff3 fs9 fc1 sc0 ls10a ws118\">Retail<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x503 hf y41bc ff3 fs9 fc1 sc0 ls187 ws19c\">Investments<span class=\"_ _3b2\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x269 hf y41bd ff3 fs9 fc1 sc0 ls10a ws118\">Retireme<span class=\"_ _0\"></span>nt<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x275 hf y41bd ff3 fs9 fc1 sc0 ls38 ws3a\">Management<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x506 hf y41bd ff3 fs9 fc1 sc0 ls187 ws19c\">Insurance<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x507 hf y41bd ff3 fs9 fc1 sc0 ls10a ws118\">Retireme<span class=\"_ _0\"></span>nt<span class=\"_ _3b2\"> </span></td><td class=\"c x509 y41bf w15f h11e\"><div class=\"t m0 x1ca hf y40a5 ff3 fs9 fc1 sc0 ls18 ws0\">and o<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er</div><div class=\"t m0 x508 ha4 y41be ff3 fs1b fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"t m0 x1c7 hf y41bd ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 hf y41c0 ff3 fs9 fc1 sc0 ls18 ws0\">Fo<span class=\"_ _0\"></span>r the y<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>r en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>23 (<span class=\"_ _0\"></span>Res<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ted<span class=\"_ _0\"></span>)<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x464 hf y41c0 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x432 hf y41c0 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x465 hf y41c0 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x466 hf y41c0 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x467 hf y41c0 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 hf y41c0 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y40c2 w167 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">House building<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x533 y40c2 w50 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x534 y40c2 w42 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">208<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x535 y40c2 wbd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x536 y40c2 wbd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x537 y40c2 w30 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,321<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x538 y40c2 w30 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,531<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4183 w168 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">Profess<span class=\"_ _1\"></span>ional serv<span class=\"_ _0\"></span>ices fees<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x539 y4183 wbe h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x53a y4183 w50 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4b9 y4183 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">46<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x53b y4183 w75 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x53c y4183 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">17<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x53d y4183 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">74<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4122 w169 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 lsea ws27\">Insurance broker<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x53e y4122 wbe h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x53f y4122 wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x540 y4122 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">57<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x541 y4122 wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x542 y4122 wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x543 y4122 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">57<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y41c1 w16a h11a\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">T<span class=\"_ _1\"></span>otal oth<span class=\"_ _0\"></span>er o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>nal i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e fro<span class=\"_ _0\"></span>m co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>ts wi<span class=\"_ _0\"></span>th c<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>tome<span class=\"_ _0\"></span>rs</div><div class=\"t m0 x544 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4ef y40ae w16b h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x545 y40ae w42 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">212<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x546 y40ae w42 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">103<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x547 y40ae w75 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x548 y40ae w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,338<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x549 y40ae w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,662<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"t m0 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs521\">1. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s in<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r-<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>gm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>al e<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns a<span class=\"_ _0\"></span>nd G<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>p c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>da<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on a<span class=\"_ _0\"></span>dj<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs522\">2. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>T<span class=\"_ _1\"></span>ot<span class=\"_ _0\"></span>al o<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er o<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>al i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>me f<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>m c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ts w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h cu<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>s exc<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>es t<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>re o<span class=\"_ _0\"></span>f pr<span class=\"_ _0\"></span>ofi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>/<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>s fr<span class=\"_ _0\"></span>om a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d jo<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>nt ve<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, an<span class=\"_ _0\"></span>d th<span class=\"_ _0\"></span>e g<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>n on d<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>sa<span class=\"_ _0\"></span>l of s<span class=\"_ _0\"></span>ub<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, </div><div class=\"t m0 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs523\">as<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>nd j<span class=\"_ _0\"></span>oi<span class=\"_ _0\"></span>nt v<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfProfitLossFromOperatingActivitiesExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-707": {
   "value": "2<span class=\"ls8d\">. <span class=\"_ _156\"> </span>Su<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>le<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>tar<span class=\"_ _3\"></span>y ad<span class=\"_ _1\"></span>juste<span class=\"_ _1\"></span>d opera<span class=\"_ _1\"></span>tin<span class=\"_ _0\"></span>g pro<span class=\"_ _1\"></span>fit info<span class=\"_ _1\"></span>rmati<span class=\"_ _1\"></span>on<span class=\"_ _3b2\"> </span></span>(i<span class=\"_ _1\"></span>) <span class=\"_ _8\"> </span>Adjust<span class=\"_ _0\"></span>ed oper<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g profit<span class=\"_ _3b2\"> </span><table class=\"s w10b h12a\" id=\"_72d60e06-d7ea-4f64-b2fb-7f00381f8d89\"><tr><td></td><td></td><td></td><td></td><td class=\"t m2 x3fc hf y4159 ff3 fs9 fc1 sc0 lsee wsf5\">Res<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td></td><td></td><td class=\"t m2 x1c6 h13 y415a ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y415a ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y415c w10c h12b\"><div class=\"t m2 x1ca hf y415b ff5 fs9 fc1 sc0 ls18 ws0\">Fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>24<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x3fd y415e w10d h11e\"><div class=\"t m2 x1ca hf y415d ff3 fs9 fc1 sc0 lsee wsf5\">Note<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"t m2 x1c8 h13 y415f ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y415f ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y4160 w10e h116\"><div class=\"t m2 x1ca hc y4084 ff3 fs6 fc1 sc0 ls112 ws1e\">Institu<span class=\"_ _0\"></span>tional Reti<span class=\"_ _0\"></span>remen<span class=\"_ _0\"></span>t<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x3fe y4160 w10f h116\"><div class=\"t m2 x1ca hc y4084 ff3 fs6 fc1 sc0 ls56 ws55\">2(ii)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3ff y4160 w36 h116\"><div class=\"t m2 x1ca hc y4084 ff6 fs6 fc1 sc0 ls56 ws55\">1,105<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x400 y4160 w30 h117\"><div class=\"t m2 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">1,028<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4161 w110 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls113 ws5b\">Asset Man<span class=\"_ _1\"></span>agement<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x401 y4161 w111 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">2(iii)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x402 y4161 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">401<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x403 y4161 w4b h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">448<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4162 w112 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls112 ws6\">Retail<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x404 y4162 w113 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">2(ii)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x232 y4162 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">504<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x233 y4162 w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">449<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4163 w114 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y4163 w115 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 lsea ws122\">Insurance<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1f8 y4163 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">188<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x406 y4163 w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">139<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4164 w114 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y4164 w116 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls112 ws1e\">Retail Retirem<span class=\"_ _0\"></span>ent<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1f8 y4164 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">316<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x406 y4164 w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">310<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y4165 w117 h126\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Gro<span class=\"_ _0\"></span>up d<span class=\"_ _0\"></span>ebt c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ts</div><div class=\"t m2 x407 h5a y4138 ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x3cb y4166 w3a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(216)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3cc y4166 w3b h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(212)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4167 w118 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls11e ws5c\">Group in<span class=\"_ _1\"></span>vestment<span class=\"_ _1\"></span> projects and<span class=\"_ _1\"></span> expenses<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x408 y4167 w3a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(178)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x409 y4167 w3b h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(182)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4168 w119 h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls11c ws25\">Core operating<span class=\"_ _1\"></span> profit<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x1d2 y4168 w36 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,616<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1d3 y4168 w37 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,531<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4169 w11a h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls113 ws5b\">Corporate<span class=\"_ _1\"></span> Inv<span class=\"_ _1\"></span>estments<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x22f y4169 w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">95<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x20a y4169 w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">136<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40b9 w11b h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws23\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> adjusted operating profit<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x1e9 y40b9 w36 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,711<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1ea y40b9 w30 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,667<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y416a w11c h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">Investment and other<span class=\"_ _1\"></span> variances<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x40a y416a w11d h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">2(iv)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x40b y416a w33 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(1,383)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x40c y416a w34 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(1,577)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y416b w11e h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">Profits/(losses<span class=\"_ _1\"></span>) attributable to non-<span class=\"_ _0\"></span>controlling int<span class=\"_ _1\"></span>erests<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x40d y416b wa8 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x40e y416b w71 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(14)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y416c w11f h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls12e wsca\">Adjusted profit<span class=\"_ _1\"></span> before tax<span class=\"_ _1\"></span> attributable to equity holders<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x40f y416c w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">332<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x410 y416c w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">76<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y416d w56 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws23\">T<span class=\"_ _4\"></span>ax (e<span class=\"_ _1\"></span>xpense<span class=\"_ _1\"></span>)/<span class=\"_ _1\"></span>credit<span class=\"_ _1\"></span> attributa<span class=\"_ _1\"></span>ble t<span class=\"_ _1\"></span>o equity<span class=\"_ _1\"></span> holders<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x201 y416d w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">30<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x202 y416d w3a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(137)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x411 y416d w4b h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">367<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y416e w57 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws0\">Pro<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>it f<span class=\"_ _0\"></span>or t<span class=\"_ _0\"></span>he ye<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x204 y416e w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">195<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x205 y416e w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">443<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y416f w120 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 lsea ws27\">T<span class=\"_ _1\"></span>ota<span class=\"_ _1\"></span>l tax expense/(credit)<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x24e y416f w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">347<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x412 y416f w3b h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(248)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4170 w52 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls12e wsca\">Profit bef<span class=\"_ _1\"></span>ore tax<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x1f8 y4170 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">542<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1f9 y4170 w4b h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">195<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4171 w121 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls12e wsca\">Profit attributable t<span class=\"_ _1\"></span>o equity holders<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x24e y4171 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">191<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x24f y4171 w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">457<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 hb y4172 ff5 fs6 fc1 sc0 ls11c ws25\">Earnings per<span class=\"_ _1\"></span> share:<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1cb y4174 w122 h12c\"><div class=\"t m2 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls11c ws25\">Core (pence<span class=\"_ _1\"></span> per share<span class=\"_ _1\"></span>)</div><div class=\"t m2 x413 h91 y4173 ff5 fs1c fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x213 y4121 w50 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">6<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x414 y4121 w123 h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">20.23<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x415 y4121 w124 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">19.04<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y40ab w125 h11f\"><div class=\"t m2 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls56 ws0\">Ba<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>c (p<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e pe<span class=\"_ _0\"></span>r sh<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>re)</div><div class=\"t m2 x416 h91 y40aa ff5 fs1c fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x213 y4158 w50 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">6<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x214 y4158 w61 h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">2.89<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x215 y4158 w62 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">7.35<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y40ad w126 h11f\"><div class=\"t m2 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls12e wsca\">Diluted (pence<span class=\"_ _1\"></span> per share<span class=\"_ _1\"></span>)</div><div class=\"t m2 x417 h91 y40aa ff5 fs1c fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x213 y40ae w50 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">6<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x214 y40ae w61 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2.86<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x215 y40ae w62 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">7.28<span class=\"_ _3b2\"> </span></div></td></tr></table>1. <span class=\"_ _15\"> </span>Gr<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>p d<span class=\"_ _0\"></span>eb<span class=\"_ _0\"></span>t c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ts e<span class=\"_ _0\"></span>xc<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>de i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>st o<span class=\"_ _0\"></span>n n<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>-<span class=\"_ _3\"></span>re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>e fin<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>2. <span class=\"_ _15\"> </span>Al<span class=\"_ _0\"></span>l ea<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>s pe<span class=\"_ _0\"></span>r s<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>re c<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ul<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns a<span class=\"_ _0\"></span>re b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>n p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>t at<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>e to e<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y ho<span class=\"_ _0\"></span>ld<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>rs o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e C<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>ny.<span class=\"_ _3b2\"> </span>This s<span class=\"_ _0\"></span>upp<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>tar<span class=\"_ _0\"></span>y a<span class=\"_ _0\"></span>djus<span class=\"_ _0\"></span>ted op<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>ting p<span class=\"_ _0\"></span>rofi<span class=\"_ _0\"></span>t infor<span class=\"_ _0\"></span>matio<span class=\"_ _0\"></span>n (one of the G<span class=\"_ _0\"></span>roup<span class=\"_ _0\"></span>\u2019s key per<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>man<span class=\"_ _0\"></span>ce in<span class=\"_ _0\"></span>dic<span class=\"_ _0\"></span>ators) provid<span class=\"_ _0\"></span>es ad<span class=\"_ _0\"></span>diti<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>l anal<span class=\"_ _0\"></span>ysis of the<span class=\"_ _0\"></span> resul<span class=\"_ _0\"></span>ts rep<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d unde<span class=\"_ _0\"></span>r IFR<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>, and the Gr<span class=\"_ _0\"></span>oup be<span class=\"_ _0\"></span>lieve<span class=\"_ _0\"></span>s that it provi<span class=\"_ _0\"></span>des st<span class=\"_ _0\"></span>akeho<span class=\"_ _0\"></span>lde<span class=\"_ _0\"></span>rs wi<span class=\"_ _0\"></span>th usefu<span class=\"_ _0\"></span>l informat<span class=\"_ _0\"></span>ion to enha<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e their un<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>rst<span class=\"_ _0\"></span>andi<span class=\"_ _0\"></span>ng of the<span class=\"_ gsec\"> </span>p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>nce of the bu<span class=\"_ _0\"></span>sine<span class=\"_ _0\"></span>ss in the yea<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>. Core op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ating prof<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t measu<span class=\"_ _0\"></span>res the op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ating p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>nce of the Gro<span class=\"_ _0\"></span>up\u2019s core bu<span class=\"_ _0\"></span>sine<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s, an<span class=\"_ _0\"></span>d is<span class=\"_ gsec\"> </span>the<span class=\"_ _0\"></span>refore cal<span class=\"_ _0\"></span>cul<span class=\"_ _0\"></span>ated as the Grou<span class=\"_ _0\"></span>p\u2019s adjusted op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ating prof<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t excludi<span class=\"_ _0\"></span>ng the adj<span class=\"_ _0\"></span>usted op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ating p<span class=\"_ _0\"></span>rofi<span class=\"_ _0\"></span>t of the Cor<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>rate Investm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts unit<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Adjus<span class=\"_ _0\"></span>ted op<span class=\"_ _0\"></span>erati<span class=\"_ _0\"></span>ng prof<span class=\"_ _0\"></span>it me<span class=\"_ _0\"></span>asure<span class=\"_ _0\"></span>s the pre<span class=\"_ _3\"></span>-ta<span class=\"_ _0\"></span>x resul<span class=\"_ _0\"></span>t excludi<span class=\"_ _0\"></span>ng the im<span class=\"_ _0\"></span>pac<span class=\"_ _0\"></span>t of investme<span class=\"_ _0\"></span>nt volati<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y, econ<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>ic assu<span class=\"_ _0\"></span>mptio<span class=\"_ _0\"></span>n cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>s cause<span class=\"_ _0\"></span>d by cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>s in market co<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns or exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tatio<span class=\"_ _0\"></span>ns and exc<span class=\"_ _0\"></span>eptio<span class=\"_ _0\"></span>nal ite<span class=\"_ _0\"></span>ms. Ad<span class=\"_ _0\"></span>justed o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>atin<span class=\"_ _0\"></span>g profi<span class=\"_ _0\"></span>t for insur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts pri<span class=\"_ _0\"></span>mar<span class=\"_ _0\"></span>ily ref<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>cts th<span class=\"_ _0\"></span>e rele<span class=\"_ _0\"></span>ase of profi<span class=\"_ _0\"></span>t from th<span class=\"_ _0\"></span>e cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>tual se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce mar<span class=\"_ _0\"></span>gin and ris<span class=\"_ _0\"></span>k adjus<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt in the yea<span class=\"_ _0\"></span>r (<span class=\"_ _1\"></span>adjus<span class=\"_ _0\"></span>ted for reinsu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce mis<span class=\"_ _0\"></span>match<span class=\"_ _0\"></span>es), the unwind of the disc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t rate used in the ca<span class=\"_ _0\"></span>lcu<span class=\"_ _0\"></span>latio<span class=\"_ _0\"></span>n of the insur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e liabili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s and inc<span class=\"_ _0\"></span>urr<span class=\"_ _0\"></span>ed exp<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>es that are not dire<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ly at<span class=\"_ _0\"></span>tri<span class=\"_ _0\"></span>but<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e to the insura<span class=\"_ _0\"></span>nce c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>ts.<span class=\"_ _3b2\"> </span>T<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>remove invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t volatilit<span class=\"_ _0\"></span>y, adjusted op<span class=\"_ _0\"></span>erati<span class=\"_ _0\"></span>ng prof<span class=\"_ _0\"></span>it refle<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ts long<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>m expe<span class=\"_ _0\"></span>cted invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t returns on the subs<span class=\"_ _0\"></span>tan<span class=\"_ _0\"></span>tial major<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y of investme<span class=\"_ _0\"></span>nts<span class=\"_ _0\"></span> hel<span class=\"_ _0\"></span>d by the Group, in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>g both trad<span class=\"_ _0\"></span>ed an<span class=\"_ _0\"></span>d priva<span class=\"_ _0\"></span>te market invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts. Fo<span class=\"_ _0\"></span>r the rem<span class=\"_ _0\"></span>aind<span class=\"_ _0\"></span>er of the asse<span class=\"_ _0\"></span>t por<span class=\"_ _3\"></span>tfoli<span class=\"_ _0\"></span>o, inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>ing ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>in ope<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>l busi<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>ses in the A<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t Manag<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent di<span class=\"_ _0\"></span>visio<span class=\"_ _0\"></span>n and<span class=\"_ _0\"></span>, up to its dispos<span class=\"_ _0\"></span>al on 31 Oc<span class=\"_ _0\"></span>tobe<span class=\"_ _0\"></span>r 2024<span class=\"_ _0\"></span>, CA<span class=\"_ _0\"></span>L<span class=\"_ _3\"></span>A Group (H<span class=\"_ _0\"></span>old<span class=\"_ _0\"></span>ings) Limi<span class=\"_ _0\"></span>ted (Cala), no adjustm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts are made to exclud<span class=\"_ _0\"></span>e invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t volatili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y. <span class=\"_ _1\"></span>Th<span class=\"_ _0\"></span>e investm<span class=\"_ _0\"></span>ent ma<span class=\"_ _0\"></span>rgin for insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce bu<span class=\"_ _0\"></span>sine<span class=\"_ _0\"></span>ss the<span class=\"_ _0\"></span>refore ref<span class=\"_ _0\"></span>lec<span class=\"_ _0\"></span>ts the ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cted inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt retur<span class=\"_ _0\"></span>n above<span class=\"_ _0\"></span> the unwin<span class=\"_ _0\"></span>d of the insur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e liabil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y disc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t rate.<span class=\"_ _3b2\"> </span>In line wit<span class=\"_ _0\"></span>h the Gro<span class=\"_ _0\"></span>up\u2019s new strateg<span class=\"_ _0\"></span>y and the se<span class=\"_ _0\"></span>gm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ation c<span class=\"_ _0\"></span>hang<span class=\"_ _0\"></span>es de<span class=\"_ _0\"></span>scr<span class=\"_ _0\"></span>ibe<span class=\"_ _0\"></span>d in Note 1<span class=\"_ _1\"></span>(iii), th<span class=\"_ _0\"></span>e Group has up<span class=\"_ _0\"></span>dated th<span class=\"_ _0\"></span>e appli<span class=\"_ _0\"></span>cati<span class=\"_ _0\"></span>on of its meth<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>olo<span class=\"_ _0\"></span>gy fo<span class=\"_ _0\"></span>r the d<span class=\"_ _0\"></span>eter<span class=\"_ _0\"></span>minati<span class=\"_ _0\"></span>on of ad<span class=\"_ _0\"></span>justed o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ratin<span class=\"_ _0\"></span>g prof<span class=\"_ _0\"></span>it fo<span class=\"_ _0\"></span>r asse<span class=\"_ _0\"></span>ts allo<span class=\"_ _0\"></span>cate<span class=\"_ _0\"></span>d to the As<span class=\"_ _0\"></span>set M<span class=\"_ _0\"></span>anag<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent a<span class=\"_ _0\"></span>nd C<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>rate Invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts seg<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts, in o<span class=\"_ _0\"></span>rder to simp<span class=\"_ _0\"></span>lif<span class=\"_ _0\"></span>y and ha<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>onis<span class=\"_ _0\"></span>e the met<span class=\"_ _0\"></span>hod<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>ogy wi<span class=\"_ _0\"></span>thin th<span class=\"_ _0\"></span>e segm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts. Th<span class=\"_ _0\"></span>is has not had a materi<span class=\"_ _0\"></span>al impa<span class=\"_ _0\"></span>ct on the c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>parat<span class=\"_ _0\"></span>ive adjus<span class=\"_ _0\"></span>ted ope<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>ng prof<span class=\"_ _0\"></span>it of eac<span class=\"_ _0\"></span>h segm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>, and th<span class=\"_ _0\"></span>erefore has n<span class=\"_ _0\"></span>ot led to a restateme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e long<span class=\"_ _3\"></span>-term ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cted inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent retu<span class=\"_ _0\"></span>rn ref<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>cts the b<span class=\"_ _0\"></span>est es<span class=\"_ _0\"></span>timate of the lon<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>-ter<span class=\"_ _0\"></span>m retu<span class=\"_ _0\"></span>rn at the sta<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t of the year, as <span class=\"_ _1\"></span>follows:<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted retur<span class=\"_ _0\"></span>ns for trad<span class=\"_ _0\"></span>ed eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y, comm<span class=\"_ _0\"></span>erc<span class=\"_ _0\"></span>ial pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y and resi<span class=\"_ _0\"></span>den<span class=\"_ _0\"></span>tial pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y (in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>ding lifeti<span class=\"_ _0\"></span>me mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tgag<span class=\"_ _0\"></span>es) are based on mar<span class=\"_ _0\"></span>ket </span>con<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>sus fore<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>sts an<span class=\"_ _0\"></span>d lo<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>term his<span class=\"_ _0\"></span>tori<span class=\"_ _0\"></span>c averag<span class=\"_ _0\"></span>e retu<span class=\"_ _0\"></span>rns ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cted to ap<span class=\"_ _0\"></span>ply t<span class=\"_ _0\"></span>hrou<span class=\"_ _0\"></span>gh th<span class=\"_ _0\"></span>e cycl<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">assu<span class=\"_ _0\"></span>mptio<span class=\"_ _0\"></span>ns for fi<span class=\"_ _0\"></span>xed intere<span class=\"_ _0\"></span>st se<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>itie<span class=\"_ _0\"></span>s meas<span class=\"_ _0\"></span>ured at F<span class=\"_ _3\"></span>V<span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>PL are bas<span class=\"_ _0\"></span>ed on ass<span class=\"_ _0\"></span>et yie<span class=\"_ _0\"></span>lds for the as<span class=\"_ _0\"></span>sets he<span class=\"_ _0\"></span>ld<span class=\"_ _0\"></span>, less an adju<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent for cre<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t risk </span>(assesse<span class=\"_ _0\"></span>d on a best es<span class=\"_ _0\"></span>tima<span class=\"_ _0\"></span>te basis)<span class=\"_ _1\"></span>. Whe<span class=\"_ _0\"></span>re sec<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>itie<span class=\"_ _0\"></span>s are meas<span class=\"_ _0\"></span>ured at am<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ised c<span class=\"_ _0\"></span>ost or F<span class=\"_ _3\"></span>VOC<span class=\"_ _0\"></span>I, the ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cted inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt retu<span class=\"_ _0\"></span>rn co<span class=\"_ _0\"></span>mpr<span class=\"_ _0\"></span>ises<span class=\"_ _0\"></span> interes<span class=\"_ _0\"></span>t inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e on a<span class=\"_ _0\"></span>n ef<span class=\"_ _0\"></span>fecti<span class=\"_ _0\"></span>ve intere<span class=\"_ _0\"></span>st rate bas<span class=\"_ _0\"></span>is<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y dire<span class=\"_ _0\"></span>ct inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nts inc<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>rate invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts in hous<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>, spe<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>list co<span class=\"_ _0\"></span>mm<span class=\"_ _0\"></span>erc<span class=\"_ _0\"></span>ial real est<span class=\"_ _0\"></span>ate, cle<span class=\"_ _0\"></span>an ene<span class=\"_ _0\"></span>rgy, altern<span class=\"_ _0\"></span>ative f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>ce an<span class=\"_ _0\"></span>d finte<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>. </span>Wh<span class=\"_ _0\"></span>ere use<span class=\"_ _0\"></span>d for the deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of adjusted op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ating prof<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t, the lo<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>m expe<span class=\"_ _0\"></span>cted inve<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent retu<span class=\"_ _0\"></span>rn is on avera<span class=\"_ _0\"></span>ge be<span class=\"_ _0\"></span>twe<span class=\"_ _0\"></span>en 10% and 1<span class=\"_ _1\"></span>2%<span class=\"_ _0\"></span>. Rates of return sp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ic to each asse<span class=\"_ _0\"></span>t are deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ed at the po<span class=\"_ _0\"></span>int of unde<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>wr<span class=\"_ _0\"></span>itin<span class=\"_ _0\"></span>g and revi<span class=\"_ _0\"></span>ewed and up<span class=\"_ _0\"></span>dated an<span class=\"_ _0\"></span>nual<span class=\"_ _0\"></span>ly. The rate of return for asse<span class=\"_ _0\"></span>ts bel<span class=\"_ _0\"></span>ong<span class=\"_ _0\"></span>ing to Cor<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>rate Invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts is deter<span class=\"_ _0\"></span>mine<span class=\"_ _0\"></span>d at a por<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>foli<span class=\"_ _0\"></span>o level<span class=\"_ _0\"></span>, and is upd<span class=\"_ _0\"></span>ated annu<span class=\"_ _0\"></span>ally if req<span class=\"_ _0\"></span>uire<span class=\"_ _0\"></span>d. T<span class=\"_ _0\"></span>he exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t retur<span class=\"_ _0\"></span>n inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>es cur<span class=\"_ _0\"></span>rent f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al assum<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>ns as well as sec<span class=\"_ _0\"></span>tor spe<span class=\"_ _0\"></span>cif<span class=\"_ _0\"></span>ic as<span class=\"_ _0\"></span>sum<span class=\"_ _0\"></span>ption<span class=\"_ _0\"></span>s, in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>ding ret<span class=\"_ _0\"></span>ail and co<span class=\"_ _0\"></span>mm<span class=\"_ _0\"></span>erc<span class=\"_ _0\"></span>ial pro<span class=\"_ _0\"></span>per<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>y yiel<span class=\"_ _0\"></span>ds and power pr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>es whe<span class=\"_ _0\"></span>re appro<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>iate.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e long<span class=\"_ _3\"></span>-term ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ctat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s used in de<span class=\"_ _0\"></span>termi<span class=\"_ _0\"></span>ning th<span class=\"_ _0\"></span>e expe<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d investm<span class=\"_ _0\"></span>ent ret<span class=\"_ _0\"></span>urn<span class=\"_ _0\"></span>s for trade<span class=\"_ _0\"></span>d equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y and pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y asse<span class=\"_ _0\"></span>ts are:<span class=\"_ _3b2\"> </span><table class=\"s w127 h12d\" id=\"_e97612cb-0d06-4e9a-b5f3-42a9649dbf4f\"><tr><td></td><td class=\"c n x3cb y4175 w103 h12b\"><div class=\"t m2 x1ca hf y415b ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x418 y4176 w104 h11e\"><div class=\"t m2 x1ca hf y415d ff3 fs9 fc1 sc0 ls29 ws30\">20<span class=\"_ _0\"></span>23<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w128 h116\"><div class=\"t m2 x1ca hc y4084 ff3 fs6 fc1 sc0 ls112 ws1e\">Equit<span class=\"_ _0\"></span>y return<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x419 y4121 w129 h116\"><div class=\"t m2 x1ca hc y4084 ff6 fs6 fc1 sc0 ls56 ws55\">7%<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x41a y4121 w12a h117\"><div class=\"t m2 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">7%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ac w12b h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Commercial<span class=\"_ _1\"></span> property growth<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x41b y40ac w129 h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">5%<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x41c y40ac w12a h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w12c h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Resid<span class=\"_ _1\"></span>ential<span class=\"_ _1\"></span> property growth<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x41d y40ae w12d h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">3.5%<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x41e y40ae w12e h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3.5%<span class=\"_ _3b2\"> </span></div></td></tr></table>Varian<span class=\"_ _0\"></span>ces be<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n actua<span class=\"_ _0\"></span>l and lon<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>-ter<span class=\"_ _0\"></span>m exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t retur<span class=\"_ _0\"></span>ns are exclud<span class=\"_ _0\"></span>ed fro<span class=\"_ _0\"></span>m adjus<span class=\"_ _0\"></span>ted op<span class=\"_ _0\"></span>erati<span class=\"_ _0\"></span>ng prof<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>, as are eco<span class=\"_ _0\"></span>no<span class=\"_ _0\"></span>mic ass<span class=\"_ _0\"></span>ump<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span> cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>s to <span class=\"_ _1\"></span>insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>act lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ties c<span class=\"_ _0\"></span>ause<span class=\"_ _0\"></span>d by moveme<span class=\"_ _0\"></span>nts in mar<span class=\"_ _0\"></span>ket con<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>ions o<span class=\"_ _0\"></span>r expe<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ation<span class=\"_ _0\"></span>s (<span class=\"_ _1\"></span>e.g. c<span class=\"_ _0\"></span>redi<span class=\"_ _0\"></span>t defaul<span class=\"_ _0\"></span>t and inf<span class=\"_ _0\"></span>latio<span class=\"_ _0\"></span>n), and any dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nce b<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n the actu<span class=\"_ _0\"></span>al allo<span class=\"_ _0\"></span>cate<span class=\"_ _0\"></span>d asset mi<span class=\"_ _0\"></span>x and the targ<span class=\"_ _0\"></span>et lo<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>term ass<span class=\"_ _0\"></span>et mix on ne<span class=\"_ _0\"></span>w pens<span class=\"_ _0\"></span>ion ris<span class=\"_ _0\"></span>k trans<span class=\"_ _0\"></span>fer busin<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>. As<span class=\"_ _0\"></span>sets he<span class=\"_ _0\"></span>ld for fut<span class=\"_ _0\"></span>ure<span class=\"_ gsec\"> </span>new p<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>on ris<span class=\"_ _0\"></span>k transfe<span class=\"_ _0\"></span>r busin<span class=\"_ _0\"></span>ess are excl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>d from th<span class=\"_ _0\"></span>e asset p<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>foli<span class=\"_ _0\"></span>o used to deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>e the disc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t rate for annuit<span class=\"_ _0\"></span>ies on ins<span class=\"_ _0\"></span>uran<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span> con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>t liabi<span class=\"_ _0\"></span>liti<span class=\"_ _0\"></span>es. T<span class=\"_ _0\"></span>he imp<span class=\"_ _0\"></span>act of invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt mana<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ent ac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns that opti<span class=\"_ _0\"></span>mise th<span class=\"_ _0\"></span>e yiel<span class=\"_ _0\"></span>d of the assets ba<span class=\"_ _0\"></span>ck<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e back b<span class=\"_ _0\"></span>ook of ann<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts is<span class=\"_ gsec\"> </span>inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>ed wi<span class=\"_ _0\"></span>thin adju<span class=\"_ _0\"></span>sted op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ating pr<span class=\"_ _0\"></span>ofi<span class=\"_ _0\"></span>t.<span class=\"_ _3b2\"> </span>E<span class=\"_ _0\"></span>xce<span class=\"_ _0\"></span>ption<span class=\"_ _0\"></span>al inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e and exp<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>es whic<span class=\"_ _0\"></span>h arise ou<span class=\"_ _0\"></span>tsi<span class=\"_ _0\"></span>de the no<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>al cou<span class=\"_ _0\"></span>rse of busi<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>s in the year, such as acqui<span class=\"_ _0\"></span>siti<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>, disp<span class=\"_ _0\"></span>osals an<span class=\"_ _0\"></span>d star<span class=\"_ _3\"></span>t-<span class=\"_ _0\"></span>up cos<span class=\"_ _0\"></span>ts, are excl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>d from ad<span class=\"_ _0\"></span>justed o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ratin<span class=\"_ _0\"></span>g profi<span class=\"_ _0\"></span>t.<span class=\"_ _3b2\"> </span>(ii) <span class=\"_ _d\"> </span>A<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>lysis of In<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>itut<span class=\"_ _0\"></span>iona<span class=\"_ _0\"></span>l Ret<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>rement and Ret<span class=\"_ _0\"></span>ai<span class=\"_ _3\"></span>l adjusted op<span class=\"_ _0\"></span>erat<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ng prof<span class=\"_ _0\"></span>it<span class=\"_ _3b2\"> </span><table class=\"s w136 h130\" id=\"_6e116ec6-551e-4ec9-b7cf-f34050af19d0\"><tr><td></td><td></td><td></td><td class=\"t m2 x42b hf y417a ff3 fs9 fc1 sc0 lsee wsf5\">Res<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></td><td></td></tr><tr><td></td><td class=\"t m2 x322 h13 y417b ff6 fs9 fc1 sc0 ls115 ws4f\">Institutional<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m2 x42c hf y417b ff3 fs9 fc1 sc0 ls10a ws118\">Institu<span class=\"_ _0\"></span>tional<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x3fc hf y417b ff3 fs9 fc1 sc0 lsee wsf5\">Res<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x42d h13 y417c ff5 fs9 fc1 sc0 ls1b ws1f\">Retire<span class=\"_ _0\"></span>ment<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x42e h13 y417c ff5 fs9 fc1 sc0 ls3c ws11e\">Retail<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x27f hf y417c ff3 fs9 fc1 sc0 ls10a ws118\">Retireme<span class=\"_ _0\"></span>nt<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x42f hf y417c ff3 fs9 fc1 sc0 ls10a ws118\">Retail<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x430 h13 y417d ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x431 h13 y417d ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c6 hf y417d ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y417d ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x432 h13 y417e ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x433 h13 y417e ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 hf y417e ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y417e ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c x1cb y416e w137 h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Am<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>tisa<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of th<span class=\"_ _0\"></span>e C<span class=\"_ _0\"></span>SM i<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e year</div><div class=\"t m2 x434 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x435 y416e w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">650<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x436 y416e w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">469<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x437 y416e w4b h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">591<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x438 y416e w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">446<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y417f w138 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Rel<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>e of ris<span class=\"_ _0\"></span>k adj<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt i<span class=\"_ _0\"></span>n the y<span class=\"_ _0\"></span>ear<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x439 y417f w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">141<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x43a y417f w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">84<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x43b y417f w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">119<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x43c y417f w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">74<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4170 w139 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls11b ws2a\">Experience variances<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x43d y4170 waf h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(10)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x43e y4170 w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">26<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x43f y4170 w71 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(14)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x440 y4170 w71 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(17)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y4180 w13a h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Dev<span class=\"_ _0\"></span>elo<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt of lo<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s on o<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>us co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>ts</div><div class=\"t m2 x441 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x442 y4180 wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x443 y4180 w41 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(10)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x444 y4180 w75 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x445 y4180 w5a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(27)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y4181 w13b h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws23\">Other expen<span class=\"_ _1\"></span>ses</div><div class=\"t m2 x446 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x447 y4182 w3a h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(168)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x448 y4182 w3a h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(136)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x449 y4182 w3b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(160)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x44a y4182 w3b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(121)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y4183 w13c h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Insurance investment margin</div><div class=\"t m2 x44b h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x435 y4183 w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">485<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x436 y4183 w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">106<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x437 y4183 w4b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">486<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x438 y4183 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">122<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4184 w13d h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Investment contracts and non-<span class=\"_ _0\"></span>insurance operating profit<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x44c y4184 wa8 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x44d y4184 w41 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(35)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x44e y4184 w75 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">5<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x44f y4184 w71 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(28)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w13e h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l In<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>al Re<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t and Re<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>il ad<span class=\"_ _0\"></span>ju<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d ope<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>of<span class=\"_ _0\"></span>it<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x450 y40ae w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,105<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x451 y40ae w4a h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">504<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x452 y40ae w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,028<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x453 y40ae w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">449<span class=\"_ _3b2\"> </span></div></td></tr></table>1. <span class=\"_ _15\"> </span>Co<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ua<span class=\"_ _0\"></span>l se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e ma<span class=\"_ _0\"></span>rg<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n (CS<span class=\"_ _0\"></span>M<span class=\"_ _0\"></span>) a<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>sa<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n for R<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>il h<span class=\"_ _0\"></span>as b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n r<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>d by \u00a3<span class=\"_ _0\"></span>18m (2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>: \u00a316m) to e<span class=\"_ _0\"></span>xcl<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>de t<span class=\"_ _0\"></span>he i<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t o<span class=\"_ _0\"></span>f re<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e mi<span class=\"_ _0\"></span>sm<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>. 2. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>De<span class=\"_ _0\"></span>vel<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>pm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt o<span class=\"_ _0\"></span>f lo<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>es o<span class=\"_ _0\"></span>n on<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>us 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<span class=\"_ _0\"></span>s has b<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>en r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>du<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>y \u00a3<span class=\"_ _0\"></span>35<span class=\"_ _0\"></span>m (20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3: \u00a3<span class=\"_ _0\"></span>6m) to r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>ve gr<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>s c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t lo<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>es w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e, n<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t of r<span class=\"_ _0\"></span>ei<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>, th<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>n pr<span class=\"_ _0\"></span>ofi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>e ac<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng l<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s w<span class=\"_ _0\"></span>ill b<span class=\"_ _0\"></span>e p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d as a r<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n to t<span class=\"_ _0\"></span>he C<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>M a<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n in f<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>re p<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>s.<span class=\"_ _3b2\"> </span>3. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>re n<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ib<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>e ex<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s on b<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>th n<span class=\"_ _0\"></span>ew b<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ss a<span class=\"_ _0\"></span>nd e<span class=\"_ _0\"></span>xi<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g b<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>e ar<span class=\"_ _0\"></span>e ove<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>ad c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s w<span class=\"_ _0\"></span>hi<span class=\"_ _0\"></span>ch a<span class=\"_ _0\"></span>re n<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>t all<span class=\"_ _0\"></span>ow<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>or i<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e C<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>M or t<span class=\"_ _0\"></span>he b<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>st e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>te lia<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y u<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>t c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t 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>n<span class=\"_ _0\"></span>s, a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d in<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>d ar<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>ted w<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>in t<span class=\"_ _0\"></span>he C<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d I<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>me S<span class=\"_ _3\"></span>tat<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt a<span class=\"_ _0\"></span>s pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>ofi<span class=\"_ _0\"></span>t o<span class=\"_ _0\"></span>r lo<span class=\"_ _0\"></span>ss f<span class=\"_ _0\"></span>or t<span class=\"_ _0\"></span>he y<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>r.<span class=\"_ _3b2\"> </span>4. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>In<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ce i<span class=\"_ _0\"></span>nve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt m<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>n c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s 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 i<span class=\"_ _0\"></span>nve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t re<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>n o<span class=\"_ _0\"></span>n as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts b<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g i<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t l<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>bi<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, t<span class=\"_ _0\"></span>he u<span class=\"_ _0\"></span>nw<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>d of t<span class=\"_ _0\"></span>he d<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>nt r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te on i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ce c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t lia<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d th<span class=\"_ _0\"></span>e o<span class=\"_ _0\"></span>pt<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n of th<span class=\"_ _0\"></span>e as<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s ba<span class=\"_ _0\"></span>ck<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ng t<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y ba<span class=\"_ _0\"></span>ck b<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ok<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ce i<span class=\"_ _0\"></span>nve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t m<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>n al<span class=\"_ _0\"></span>so i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>e im<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t of t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ge i<span class=\"_ _0\"></span>n se<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on (see<span class=\"_ gs4cd\"> </span>N<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>te<span class=\"_ gs4cd\"> </span>2(v)).<span class=\"_ _3b2\"> </span>(iii) <span class=\"_ _20\"> </span>As<span class=\"_ _0\"></span>set Ma<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>agement adjusted op<span class=\"_ _0\"></span>erat<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ng prof<span class=\"_ _0\"></span>it<span class=\"_ _3b2\"> </span><table class=\"s w12f h12e\" id=\"_54e2a25e-00e9-4891-8bb4-d3f0b7951c25\"><tr><td></td><td></td><td class=\"t m2 x3fc hf y4177 ff3 fs9 fc1 sc0 lsee wsf5\">Res<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ted<span class=\"_ _0\"></span><span class=\"ls1 ws0\"> </span></td></tr><tr><td></td><td class=\"t m2 x1c6 h13 y4178 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"ls1 ws0\"> </span></td><td class=\"t m2 x1c7 hf y4178 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"ls1 ws0\"> </span></td></tr><tr><td></td><td class=\"t m2 x1c8 h13 y4179 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y4179 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c x1cb y40c0 w130 h12f\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Man<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent fe<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>ven<span class=\"_ _0\"></span>ue (exclu<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>ng th<span class=\"_ _0\"></span>ird<span class=\"_ _0\"></span>-<span class=\"_ _3\"></span>par<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y m<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ket dat<span class=\"_ _0\"></span>a)</div><div class=\"t m2 x41f hbc y408c ff4 fs1c fc1 sc0 ls194 ws1ba\">1,<span class=\"_ _0\"></span>2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x420 y40c0 w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">947<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x421 y40c0 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">900<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y40c1 w131 h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">T<span class=\"_ _1\"></span>ransactional<span class=\"_ _1\"></span> revenue</div><div class=\"t m2 x422 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x423 y40c1 w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">20<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x424 y40c1 w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">26<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y40c2 w132 h12f\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ses (excl<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>hir<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y ma<span class=\"_ _0\"></span>rket d<span class=\"_ _0\"></span>ata)</div><div class=\"t m2 x425 hbc y408c ff4 fs1c fc1 sc0 ls194 ws1ba\">1,<span class=\"_ _0\"></span>2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3cb y40c2 w3a h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(711)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3cc y40c2 w3b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(658)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w133 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Operating profit from fee-<span class=\"_ _0\"></span>related earnings<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x426 y4121 w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">256<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x427 y4121 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">268<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y4158 w134 h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>atin<span class=\"_ _0\"></span>g pr<span class=\"_ _0\"></span>ofi<span class=\"_ _0\"></span>t fr<span class=\"_ _0\"></span>om ba<span class=\"_ _0\"></span>lan<span class=\"_ _0\"></span>ce s<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>et i<span class=\"_ _0\"></span>nves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts</div><div class=\"t m2 x428 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x420 y4158 w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">145<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x421 y4158 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">180<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w135 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls12e wsca\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> Asset Management<span class=\"_ _1\"></span> adjusted operating profit<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x429 y40ae w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">401<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x42a y40ae w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">448<span class=\"_ _3b2\"> </span></div></td></tr></table>1. <span class=\"_ _15\"> </span>As<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t M<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t rev<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>e ha<span class=\"_ _0\"></span>s be<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n pr<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nte<span class=\"_ _0\"></span>d n<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t of co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ts o<span class=\"_ _0\"></span>f \u00a33<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>m i<span class=\"_ _0\"></span>n re<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on t<span class=\"_ _0\"></span>o th<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n of th<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>rd<span class=\"_ _0\"></span>-<span class=\"_ _3\"></span>par<span class=\"_ _3\"></span>ty m<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ke<span class=\"_ _0\"></span>t d<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>a (20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3: \u00a3<span class=\"_ _0\"></span>26<span class=\"_ _0\"></span>m).<span class=\"_ _3b2\"> </span>2<span class=\"_ _0\"></span>. <span class=\"_ _5\"> </span> <span class=\"_ _1c\"></span>Ass<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t Man<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t reve<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ue a<span class=\"_ _0\"></span>nd ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s inc<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>e the in<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t man<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t ac<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s tha<span class=\"_ _0\"></span>t the di<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>isi<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n und<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ake<span class=\"_ _0\"></span>s on be<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>lf of ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r Gr<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>p bu<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s. As in<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed in th<span class=\"_ _0\"></span>e se<span class=\"_ _0\"></span>gm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span> rev<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>e dis<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d in Not<span class=\"_ _0\"></span>e 2(v), th<span class=\"_ _0\"></span>e rev<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ue a<span class=\"_ _0\"></span>nd ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s for th<span class=\"_ _0\"></span>e mos<span class=\"_ _0\"></span>t si<span class=\"_ _0\"></span>gn<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>fic<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nt po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n of the<span class=\"_ _0\"></span>se a<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, pr<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>ly u<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ke<span class=\"_ _0\"></span>n by the LG<span class=\"_ _0\"></span>IM d<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n pr<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>r to the 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>e in Ju<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span> 20<span class=\"_ _0\"></span>24<span class=\"_ _0\"></span>, ar<span class=\"_ _0\"></span>e in<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d in the a<span class=\"_ _0\"></span>bo<span class=\"_ _0\"></span>ve tab<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>e on a gro<span class=\"_ _0\"></span>ss bas<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>. An<span class=\"_ _0\"></span>y add<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>al 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>rov<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d by As<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t Ma<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t to oth<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r bus<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, no<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>y th<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>e inh<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d fr<span class=\"_ _0\"></span>om th<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>us LG<span class=\"_ _0\"></span>C div<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>, ar<span class=\"_ _0\"></span>e eli<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e ab<span class=\"_ _0\"></span>ove an<span class=\"_ _0\"></span>d seg<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>al di<span class=\"_ _0\"></span>sc<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>es 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 on a ne<span class=\"_ _0\"></span>t bas<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>. Pri<span class=\"_ _0\"></span>or ye<span class=\"_ _0\"></span>ar c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ive<span class=\"_ _0\"></span>s have b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n ad<span class=\"_ _0\"></span>ju<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ted to be o<span class=\"_ _0\"></span>n a con<span class=\"_ _0\"></span>sis<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t bas<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>3. <span class=\"_ _15\"> </span>T<span class=\"_ _1\"></span>ra<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>l re<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>e fr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>m ex<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>l cl<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ts i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s exe<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n fe<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, as<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>et t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>, t<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>gg<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r fe<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, a<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t fee<span class=\"_ _0\"></span>s o<span class=\"_ _0\"></span>n pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></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>t<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns a<span class=\"_ _0\"></span>nd p<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e fe<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>4. <span class=\"_ _15\"> </span>Ea<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>s fr<span class=\"_ _0\"></span>om b<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e sh<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>et i<span class=\"_ _0\"></span>nve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s ac<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>s sp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ali<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t co<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>al r<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>l es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>, c<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>an e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>y, ho<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g a<span class=\"_ _0\"></span>nd a<span class=\"_ _0\"></span>lt<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ive fi<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>(iv<span class=\"_ _4\"></span>) <span class=\"_ _c\"> </span>I<span class=\"_ _0\"></span>nvest<span class=\"_ _0\"></span>ment and other v<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ance<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span><table class=\"s w13f h131\" id=\"_4daa1ba1-8a9f-46b9-8811-7f598f5e19d0\"><tr><td></td><td></td><td></td><td class=\"t m2 x3fc hf y4185 ff3 fs9 fc1 sc0 lsee wsf5\">Res<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td></td><td class=\"t m2 x1c6 h13 y4186 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y4186 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td></td><td class=\"t m2 x1c8 h13 y4187 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y4187 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 hb y4188 ff6 fs6 fc1 sc0 ls56 ws55\">In<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>al Re<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t and Re<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4189 w114 h116\"><div class=\"t m2 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y4189 w140 h116\"><div class=\"t m2 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls56 ws0\">Ne<span class=\"_ _0\"></span>t imp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t of inve<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt ret<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ns le<span class=\"_ _0\"></span>ss t<span class=\"_ _0\"></span>han ex<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tati<span class=\"_ _0\"></span>on a<span class=\"_ _0\"></span>nd c<span class=\"_ _0\"></span>han<span class=\"_ _0\"></span>ge i<span class=\"_ _0\"></span>n lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y dis<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>t rates<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x454 y4189 w3a h116\"><div class=\"t m2 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls56 ws55\">(711)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x455 y4189 w3b h116\"><div class=\"t m2 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls56 ws55\">(720)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y417f w114 h116\"><div class=\"t m2 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y417f w141 h116\"><div class=\"t m2 x1ca h1a y40b1 ff3 fs6 fc1 sc0 lsea ws122\">Othe<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x21b y417f w41 h116\"><div class=\"t m2 x1ca h1a y40b1 ff5 fs6 fc1 sc0 ls56 ws55\">(53)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x21c y417f w6a h116\"><div class=\"t m2 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls56 ws55\">(6)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y418b w142 h132\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l In<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>al Re<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t and Re<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>il in<span class=\"_ _0\"></span>ves<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt va<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce</div><div class=\"t m2 x456 h91 y418a ff5 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x3cb y418c w3a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(764)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3cc y418c w3b h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(726)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4180 w143 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Asset Manageme<span class=\"_ _0\"></span>nt investment v<span class=\"_ _1\"></span>ariance<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x221 y4180 w3a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(187)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x457 y4180 w3b h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(123)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y4182 w144 h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Other investment variance</div><div class=\"t m2 x458 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x3cb y4182 w3a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(285)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3cc y4182 w3b h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(529)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w145 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">Inve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt var<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ce<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x3c0 y4121 w33 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(1,236)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3bb y4121 w34 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(1,378)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y4122 w146 h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">M&amp;<span class=\"_ _3\"></span>A rel<span class=\"_ _0\"></span>ated an<span class=\"_ _0\"></span>d oth<span class=\"_ _0\"></span>er v<span class=\"_ _0\"></span>ari<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>s</div><div class=\"t m2 x459 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x3cb y4122 w3a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(147)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3cc y4122 w3b h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(199)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w147 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l inve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t an<span class=\"_ _0\"></span>d oth<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r vari<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x40b y40ae w33 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(1,383)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x40c y40ae w34 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(1,577)<span class=\"_ _3b2\"> </span></div></td></tr></table>1. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>Th<span class=\"_ _0\"></span>e in<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t va<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e fo<span class=\"_ _0\"></span>r In<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>al R<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>tir<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t an<span class=\"_ _0\"></span>d Re<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>l is d<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>n by i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s in i<span class=\"_ _0\"></span>nt<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>es a<span class=\"_ _0\"></span>nd i<span class=\"_ _0\"></span>nfl<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>s, i<span class=\"_ _0\"></span>n li<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>e wi<span class=\"_ _0\"></span>th o<span class=\"_ _0\"></span>ur y<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>r e<span class=\"_ _0\"></span>nd s<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>si<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=\"_ _0\"></span>, as we<span class=\"_ _0\"></span>ll a<span class=\"_ _0\"></span>s no<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ng I<span class=\"_ _0\"></span>F<span class=\"_ _0\"></span>RS 17 mo<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>ng r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>fin<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ts i<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e fir<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t ha<span class=\"_ _0\"></span>lf o<span class=\"_ _0\"></span>f 20<span class=\"_ _0\"></span>24 a<span class=\"_ _0\"></span>nd a<span class=\"_ _0\"></span>n a<span class=\"_ _0\"></span>dve<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>se a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g mi<span class=\"_ _0\"></span>sm<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ch f<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>m 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>el<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s in t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e se<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d ha<span class=\"_ _0\"></span>lf of t<span class=\"_ _0\"></span>he y<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>r.<span class=\"_ _3b2\"> </span>2. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er i<span class=\"_ _0\"></span>nve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt v<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>es a \u00a3<span class=\"_ _0\"></span>11<span class=\"_ _1\"></span>0m v<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>ua<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on w<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>e dow<span class=\"_ _0\"></span>n of S<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y F<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e. I<span class=\"_ _0\"></span>n 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3, i<span class=\"_ _0\"></span>t i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>es t<span class=\"_ _0\"></span>he \u00a3<span class=\"_ _0\"></span>167m one<span class=\"_ _3\"></span>-<span class=\"_ _0\"></span>of<span class=\"_ _0\"></span>f s<span class=\"_ _0\"></span>et<span class=\"_ _3\"></span>tle<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t as<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d wi<span class=\"_ _0\"></span>th t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e bu<span class=\"_ _0\"></span>yo<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>t of th<span class=\"_ _0\"></span>e Gr<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>p\u2019s U<span class=\"_ _0\"></span>K d<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d be<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>t p<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n sc<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g wi<span class=\"_ _0\"></span>th t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>nd n<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t in<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>e u<span class=\"_ _0\"></span>p un<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>l th<span class=\"_ _0\"></span>at t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>3. <span class=\"_ _15\"> </span>M&amp;<span class=\"_ _3\"></span>A re<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d an<span class=\"_ _0\"></span>d ot<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>er v<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s in<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>s \u00a3<span class=\"_ _0\"></span>99<span class=\"_ _0\"></span>m i<span class=\"_ _0\"></span>n re<span class=\"_ _0\"></span>sp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ct o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e di<span class=\"_ _0\"></span>sp<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>sa<span class=\"_ _0\"></span>l of Ca<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t varia<span class=\"_ _0\"></span>nce in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>des dif<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>ces be<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n actua<span class=\"_ _0\"></span>l and lon<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>-ter<span class=\"_ _0\"></span>m exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t retur<span class=\"_ _0\"></span>n on trad<span class=\"_ _0\"></span>ed and no<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>trad<span class=\"_ _0\"></span>ed ass<span class=\"_ _0\"></span>ets<span class=\"_ _0\"></span>, the imp<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span> of eco<span class=\"_ _0\"></span>no<span class=\"_ _0\"></span>mic assu<span class=\"_ _0\"></span>mpti<span class=\"_ _0\"></span>on ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>es caus<span class=\"_ _0\"></span>ed by cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>s in market co<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns or exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tatio<span class=\"_ _0\"></span>ns (e.g. cred<span class=\"_ _0\"></span>it defau<span class=\"_ _0\"></span>lt and inf<span class=\"_ _0\"></span>lati<span class=\"_ _0\"></span>on), the impa<span class=\"_ _0\"></span>ct of any dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nce be<span class=\"_ _0\"></span>twe<span class=\"_ _0\"></span>en the act<span class=\"_ _0\"></span>ual allo<span class=\"_ _0\"></span>cated asse<span class=\"_ _0\"></span>t mix and the target lo<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>term asse<span class=\"_ _0\"></span>t mix on new pensio<span class=\"_ _0\"></span>n risk transfe<span class=\"_ _0\"></span>r busine<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>, and the yield asso<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>ted with ass<span class=\"_ _0\"></span>ets he<span class=\"_ _0\"></span>ld for futu<span class=\"_ _0\"></span>re new pe<span class=\"_ _0\"></span>nsio<span class=\"_ _0\"></span>n risk tr<span class=\"_ _0\"></span>ansfer bu<span class=\"_ _0\"></span>sine<span class=\"_ _0\"></span>ss. N<span class=\"_ _0\"></span>ote 2(i) incl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>s detai<span class=\"_ _0\"></span>ls aroun<span class=\"_ _0\"></span>d the dete<span class=\"_ _0\"></span>rmi<span class=\"_ _0\"></span>natio<span class=\"_ _0\"></span>n of the long<span class=\"_ _3\"></span>-term ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cted<span class=\"_ _0\"></span> invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t retur<span class=\"_ _0\"></span>n in the cal<span class=\"_ _0\"></span>culat<span class=\"_ _0\"></span>ion of adjus<span class=\"_ _0\"></span>ted op<span class=\"_ _0\"></span>erati<span class=\"_ _0\"></span>ng prof<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>For th<span class=\"_ _0\"></span>e Group\u2019s lon<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>-te<span class=\"_ _0\"></span>rm insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce bu<span class=\"_ _0\"></span>sine<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s, rein<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e mismatc<span class=\"_ _0\"></span>hes ca<span class=\"_ _0\"></span>n arise wh<span class=\"_ _0\"></span>ere th<span class=\"_ _0\"></span>e reinsu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce of<span class=\"_ _0\"></span>fset ru<span class=\"_ _0\"></span>les in IF<span class=\"_ _0\"></span>RS 17 <span class=\"_ _1\"></span>do not ref<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>ct mana<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t\u2019s view of the ne<span class=\"_ _0\"></span>t of reinsur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e trans<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>. In par<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>cul<span class=\"_ _0\"></span>ar, <span class=\"_ _1\"></span>dur<span class=\"_ _0\"></span>ing a year of reins<span class=\"_ _0\"></span>uran<span class=\"_ _0\"></span>ce re<span class=\"_ _0\"></span>neg<span class=\"_ _0\"></span>otiati<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>, reinsu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce gai<span class=\"_ _0\"></span>ns can<span class=\"_ _0\"></span>not be<span class=\"_ _0\"></span> rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d to <span class=\"_ _1\"></span>of<span class=\"_ _0\"></span>fset any inc<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>tion lo<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s on the und<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>lyi<span class=\"_ _0\"></span>ng co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts whe<span class=\"_ _0\"></span>re they are re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed befo<span class=\"_ _0\"></span>re the new rein<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e agre<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent is sign<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>. In thes<span class=\"_ _0\"></span>e circu<span class=\"_ _0\"></span>mst<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, the one<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>s cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t loss<span class=\"_ _0\"></span>es are redu<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>d to refle<span class=\"_ _0\"></span>ct the ne<span class=\"_ _0\"></span>t loss (if any) af<span class=\"_ _0\"></span>ter reins<span class=\"_ _0\"></span>uran<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>, and fu<span class=\"_ _0\"></span>ture co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>actu<span class=\"_ _0\"></span>al ser<span class=\"_ _3\"></span>vice<span class=\"_ _0\"></span> margi<span class=\"_ _0\"></span>n (CS<span class=\"_ _0\"></span>M) amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n is reduc<span class=\"_ _0\"></span>ed over th<span class=\"_ _0\"></span>e durati<span class=\"_ _0\"></span>on of the co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts<span class=\"_ _0\"></span>. Addi<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>ally, in some ci<span class=\"_ _0\"></span>rcum<span class=\"_ _0\"></span>sta<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>es, pr<span class=\"_ _0\"></span>ofi<span class=\"_ _0\"></span>tabl<span class=\"_ _0\"></span>e reins<span class=\"_ _0\"></span>uran<span class=\"_ _0\"></span>ce do<span class=\"_ _0\"></span>es not<span class=\"_ _0\"></span> miti<span class=\"_ _0\"></span>gate one<span class=\"_ _0\"></span>rous lo<span class=\"_ _0\"></span>sses o<span class=\"_ _0\"></span>n gross co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>acts wh<span class=\"_ _0\"></span>ilst the n<span class=\"_ _0\"></span>et posi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n remai<span class=\"_ _0\"></span>ns prof<span class=\"_ _0\"></span>ita<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span>. Whe<span class=\"_ _0\"></span>re this is the cas<span class=\"_ _0\"></span>e, on<span class=\"_ _0\"></span>erou<span class=\"_ _0\"></span>s con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>t prof<span class=\"_ _0\"></span>its or lo<span class=\"_ _0\"></span>sses<span class=\"_ _0\"></span> are also pres<span class=\"_ _0\"></span>ented b<span class=\"_ _0\"></span>elow ad<span class=\"_ _0\"></span>justed o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>atin<span class=\"_ _0\"></span>g profi<span class=\"_ _0\"></span>t and the C<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>M amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n is adjusted over th<span class=\"_ _0\"></span>e remai<span class=\"_ _0\"></span>ning du<span class=\"_ _0\"></span>ratio<span class=\"_ _0\"></span>n of the con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts.<span class=\"_ _3b2\"> </span>Chan<span class=\"_ _0\"></span>ges in n<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial ass<span class=\"_ _0\"></span>umpti<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>, inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>ing lo<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>vit<span class=\"_ _0\"></span>y, recal<span class=\"_ _0\"></span>ibr<span class=\"_ _0\"></span>ate the CS<span class=\"_ _0\"></span>M at loc<span class=\"_ _0\"></span>ked<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>, poi<span class=\"_ _0\"></span>nt-<span class=\"_ _0\"></span>of-<span class=\"_ _0\"></span>sal<span class=\"_ _0\"></span>e disco<span class=\"_ _0\"></span>unt rates<span class=\"_ _0\"></span>, whils<span class=\"_ _0\"></span>t the fulf<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t cash<span class=\"_ _0\"></span> fl<span class=\"_ _0\"></span>ows <span class=\"_ _1\"></span>cha<span class=\"_ _0\"></span>nge at the <span class=\"_ _1\"></span>cur<span class=\"_ _0\"></span>rent disc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t rate. <span class=\"_ _1\"></span>This creates a <span class=\"_ _1\"></span>com<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>nen<span class=\"_ _0\"></span>t of <span class=\"_ _1\"></span>investme<span class=\"_ _0\"></span>nt varian<span class=\"_ _0\"></span>ce refle<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ing the differe<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e betwe<span class=\"_ _0\"></span>en thes<span class=\"_ _0\"></span>e bases. Investm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span> vari<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e for Insti<span class=\"_ _0\"></span>tuti<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>l Retirem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t and Retail in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>des \u00a3<span class=\"_ _0\"></span>79<span class=\"_ _0\"></span>m expe<span class=\"_ _0\"></span>nse (20<span class=\"_ _0\"></span>23: \u00a3<span class=\"_ _0\"></span>318m expe<span class=\"_ _0\"></span>nse) arising fr<span class=\"_ _0\"></span>om intere<span class=\"_ _0\"></span>st rate dif<span class=\"_ _0\"></span>feren<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>s on lon<span class=\"_ _0\"></span>gevi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y assu<span class=\"_ _0\"></span>mptio<span class=\"_ _0\"></span>n cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>s in the per<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d. M&amp;<span class=\"_ _3\"></span>A related and oth<span class=\"_ _0\"></span>er var<span class=\"_ _0\"></span>ianc<span class=\"_ _0\"></span>es in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>des gai<span class=\"_ _0\"></span>ns and los<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>, exp<span class=\"_ _0\"></span>ense<span class=\"_ _0\"></span>s and inta<span class=\"_ _0\"></span>ngi<span class=\"_ _0\"></span>ble am<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>isatio<span class=\"_ _0\"></span>n relati<span class=\"_ _0\"></span>ng to acquisi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>, dispo<span class=\"_ _0\"></span>sals an<span class=\"_ _0\"></span>d restr<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>tur<span class=\"_ _0\"></span>ing as well as busi<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>s star<span class=\"_ _3\"></span>t-<span class=\"_ _0\"></span>up cos<span class=\"_ _0\"></span>ts.<span class=\"_ _0\"></span> (<span class=\"_ _1\"></span>v<span class=\"_ _1\"></span>) <span class=\"_ _bd\"> </span>Seg<span class=\"_ _0\"></span>menta<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> an<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>lys<span class=\"_ _0\"></span>is<span class=\"_ _3b2\"> </span>Foll<span class=\"_ _0\"></span>owing th<span class=\"_ _0\"></span>e anno<span class=\"_ _0\"></span>unc<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent of the Gro<span class=\"_ _0\"></span>up\u2019s refresh<span class=\"_ _0\"></span>ed st<span class=\"_ _0\"></span>rateg<span class=\"_ _0\"></span>y in 2024<span class=\"_ _0\"></span>, and the ass<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>iated bus<span class=\"_ _0\"></span>ines<span class=\"_ _0\"></span>s mod<span class=\"_ _0\"></span>el revis<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>, the Gro<span class=\"_ _0\"></span>up now has f<span class=\"_ _0\"></span>ive rep<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e segm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s, co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>risin<span class=\"_ _0\"></span>g Insti<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>al Retire<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt, A<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t Manag<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>, Insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>, Retail Reti<span class=\"_ _0\"></span>rem<span class=\"_ _0\"></span>ent and C<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>rate Investm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts. Fur<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er<span class=\"_ gsec\"> </span>info<span class=\"_ _0\"></span>rmat<span class=\"_ _0\"></span>ion on th<span class=\"_ _0\"></span>e chan<span class=\"_ _0\"></span>ge is set ou<span class=\"_ _0\"></span>t in Note 1<span class=\"_ _1\"></span>(iii).<span class=\"_ _3b2\"> </span>Grou<span class=\"_ _0\"></span>p expe<span class=\"_ _0\"></span>nse<span class=\"_ _0\"></span>s, de<span class=\"_ _0\"></span>bt cos<span class=\"_ _0\"></span>ts and ass<span class=\"_ _0\"></span>ets hel<span class=\"_ _0\"></span>d cen<span class=\"_ _0\"></span>trall<span class=\"_ _0\"></span>y are repo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ted se<span class=\"_ _0\"></span>par<span class=\"_ _0\"></span>ately. T<span class=\"_ _4\"></span>ran<span class=\"_ _0\"></span>sac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en seg<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts are on no<span class=\"_ _0\"></span>rma<span class=\"_ _0\"></span>l com<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>rcial ter<span class=\"_ _0\"></span>ms and are inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>ed wi<span class=\"_ _0\"></span>thin th<span class=\"_ _0\"></span>e repo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ted se<span class=\"_ _0\"></span>gme<span class=\"_ _0\"></span>nts<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>In the UK<span class=\"_ _0\"></span>, annui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y liabili<span class=\"_ _0\"></span>ties relat<span class=\"_ _0\"></span>ing to Institu<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>al Retire<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t and Retail Retire<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t are backed by a <span class=\"_ _1\"></span>singl<span class=\"_ _0\"></span>e por<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>foli<span class=\"_ _0\"></span>o of <span class=\"_ _1\"></span>assets<span class=\"_ _0\"></span>, and onc<span class=\"_ _0\"></span>e a transac<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span> has be<span class=\"_ _0\"></span>en co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>leted th<span class=\"_ _0\"></span>e assets re<span class=\"_ _0\"></span>latin<span class=\"_ _0\"></span>g to any <span class=\"_ _1\"></span>par<span class=\"_ _3\"></span>ticul<span class=\"_ _0\"></span>ar tran<span class=\"_ _0\"></span>sac<span class=\"_ _0\"></span>tion are n<span class=\"_ _0\"></span>ot tracke<span class=\"_ _0\"></span>d to the related liabi<span class=\"_ _0\"></span>liti<span class=\"_ _0\"></span>es. Inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt vari<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e is alloc<span class=\"_ _0\"></span>ated to the t<span class=\"_ _0\"></span>wo busin<span class=\"_ _0\"></span>ess se<span class=\"_ _0\"></span>gme<span class=\"_ _0\"></span>nts bas<span class=\"_ _0\"></span>ed on the re<span class=\"_ _0\"></span>lative size of the und<span class=\"_ _0\"></span>erl<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>ct liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>. Rep<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ing of asset<span class=\"_ _0\"></span>s and liabil<span class=\"_ _0\"></span>itie<span class=\"_ _0\"></span>s by repo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tab<span class=\"_ _0\"></span>le se<span class=\"_ _0\"></span>gme<span class=\"_ _0\"></span>nt has not be<span class=\"_ _0\"></span>en in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d, as this is not infor<span class=\"_ _0\"></span>matio<span class=\"_ _0\"></span>n that is provid<span class=\"_ _0\"></span>ed to key decisi<span class=\"_ _0\"></span>on make<span class=\"_ _0\"></span>rs on a regula<span class=\"_ _0\"></span>r basis. T<span class=\"_ _0\"></span>he Grou<span class=\"_ _0\"></span>p\u2019s assets and liabil<span class=\"_ _0\"></span>itie<span class=\"_ _0\"></span>s are manag<span class=\"_ _0\"></span>ed on a legal en<span class=\"_ _0\"></span>tit<span class=\"_ _0\"></span>y rath<span class=\"_ _0\"></span>er than a seg<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t basis, in line wi<span class=\"_ _0\"></span>th regul<span class=\"_ _0\"></span>ator<span class=\"_ _0\"></span>y req<span class=\"_ _0\"></span>uire<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts.<span class=\"_ _0\"></span> Fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial inform<span class=\"_ _0\"></span>ation on the rep<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>table se<span class=\"_ _0\"></span>gme<span class=\"_ _0\"></span>nts is fur<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er broken down whe<span class=\"_ _0\"></span>re releva<span class=\"_ _0\"></span>nt in order to <span class=\"_ _1\"></span>be<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ter explain the dr<span class=\"_ _0\"></span>iver<span class=\"_ _0\"></span>s of <span class=\"_ _1\"></span>the Grou<span class=\"_ _0\"></span>p\u2019s <span class=\"_ _1\"></span>resu<span class=\"_ _0\"></span>lts<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>(<span class=\"_ _1\"></span>a) <span class=\"_ _8\"> </span>P<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>of<span class=\"_ _0\"></span>it/(los<span class=\"_ _0\"></span>s<span class=\"_ _1\"></span>) for the ye<span class=\"_ _0\"></span>ar<span class=\"_ _3b2\"> </span><table class=\"s w148 h133\" id=\"_043b48a6-6273-4b2b-8c25-7f3c504e37ef\"><tr><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"t m2 x45a h13 y418d ff5 fs9 fc1 sc0 ls3d ws131\">Group </td><td></td></tr><tr><td></td><td class=\"t m2 x45b h13 y418e ff6 fs9 fc1 sc0 ls115 ws4f\">Institutional<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x45c h13 y418e ff5 fs9 fc1 sc0 ls3d ws131\">Asset<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m2 x45d h13 y418e ff5 fs9 fc1 sc0 ls3c ws11e\">Retail<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x45e h13 y418e ff5 fs9 fc1 sc0 ls14a ws164\">Corporate<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x288 h13 y418e ff5 fs9 fc1 sc0 ls1 ws16\">expenses and </td><td></td></tr><tr><td></td><td class=\"t m2 x45f h13 y418f ff5 fs9 fc1 sc0 ls1b ws1f\">Retire<span class=\"_ _0\"></span>ment<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x460 h13 y418f ff5 fs9 fc1 sc0 ls3d ws131\">Management<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x26a h13 y418f ff6 fs9 fc1 sc0 ls37 ws7\">Insurance<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x461 h13 y418f ff5 fs9 fc1 sc0 ls1b ws1f\">Retire<span class=\"_ _0\"></span>ment<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x462 h13 y418f ff6 fs9 fc1 sc0 ls2c ws34\">Inve<span class=\"_ _1\"></span>stments<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x463 h13 y418f ff5 fs9 fc1 sc0 ls18 ws0\">de<span class=\"_ _0\"></span>bt c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 h13 y418f ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 h13 y4190 ff5 fs9 fc1 sc0 ls18 ws0\">Fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>24<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x321 h13 y4190 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x464 h13 y4190 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x432 h13 y4190 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x465 h13 y4190 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x466 h13 y4190 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x467 h13 y4190 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 h13 y4190 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y40c0 w149 h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls113 ws5b\">Adjusted operating profit/(loss<span class=\"_ _1\"></span>)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x468 y40c0 w36 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">1,105<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x469 y40c0 w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">401<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x46a y40c0 w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">188<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x46b y40c0 w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">316<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x46c y40c0 w7b h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">95<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x46d y40c0 w3a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">(394)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x46e y40c0 w36 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">1,711<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4191 w11c h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Investment and other<span class=\"_ _1\"></span> variances<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x46f y4191 w3a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(557)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x470 y4191 w3a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(190)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x471 y4191 waf h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(52)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x472 y4191 w3a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(155)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x473 y4191 w3a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(388)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x474 y4191 w41 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(41)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x475 y4191 w33 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(1,383)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4192 w14a h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls11e ws5c\">Profits a<span class=\"_ _1\"></span>ttributable to<span class=\"_ _1\"></span> non-<span class=\"_ _0\"></span>controlling in<span class=\"_ _1\"></span>terest<span class=\"_ _1\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x476 y4192 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x477 y4192 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x478 y4192 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x479 y4192 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x47a y4192 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x47b y4192 w59 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x47c y4192 wa8 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4193 w14b h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls12e wsca\">Profit/(loss<span class=\"_ _1\"></span>)<span class=\"_ _1\"></span> before tax<span class=\"_ _1\"></span> attributable to equity holders<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x47d y4193 w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">548<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x47e y4193 w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">211<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x47f y4193 w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">136<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x480 y4193 w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">161<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x481 y4193 w3a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">(293)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x482 y4193 w3a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">(431)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x483 y4193 w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">332<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4108 w56 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws23\">T<span class=\"_ _4\"></span>ax (e<span class=\"_ _1\"></span>xpense<span class=\"_ _1\"></span>)/<span class=\"_ _1\"></span>credit<span class=\"_ _1\"></span> attributa<span class=\"_ _1\"></span>ble t<span class=\"_ _1\"></span>o equity<span class=\"_ _1\"></span> holders<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x484 y4108 w3a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(131)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x485 y4108 w14c h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(46)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x486 y4108 w41 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(41)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x487 y4108 w41 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(37)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x488 y4108 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x489 y4108 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">118<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x48a y4108 w3a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(137)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w14d h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls113 ws5b\">Profit/(loss<span class=\"_ _1\"></span>) for<span class=\"_ _1\"></span> the year<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x48b y40ae w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">417<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x48c y40ae w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">165<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x48d y40ae w7b h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">95<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x48e y40ae w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">124<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x48f y40ae w3a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">(293)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x490 y40ae w3a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">(313)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x491 y40ae w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">195<span class=\"_ _3b2\"> </span></div></td></tr></table><table class=\"s w14e h134\" id=\"_61fed222-e14b-4a71-8dcc-5414704a9573\"><tr><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"t m2 x45a hf y4194 ff3 fs9 fc1 sc0 ls45 ws100\">Group </td><td></td></tr><tr><td></td><td class=\"t m2 x492 hf y4195 ff3 fs9 fc1 sc0 ls10a ws118\">Institu<span class=\"_ _0\"></span>tional<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x45c hf y4195 ff3 fs9 fc1 sc0 ls1 ws0\">Asset<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m2 x493 hf y4195 ff3 fs9 fc1 sc0 ls10a ws118\">Retail<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x494 hf y4195 ff3 fs9 fc1 sc0 ls38 ws3a\">Corporate<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x495 hf y4195 ff3 fs9 fc1 sc0 ls168 ws123\">expenses and </td><td></td></tr><tr><td></td><td class=\"t m2 x496 hf y4196 ff3 fs9 fc1 sc0 ls10a ws118\">Retireme<span class=\"_ _0\"></span>nt<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x460 hf y4196 ff3 fs9 fc1 sc0 ls38 ws3a\">Management<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x497 hf y4196 ff3 fs9 fc1 sc0 ls187 ws19c\">Insurance<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x498 hf y4196 ff3 fs9 fc1 sc0 ls10a ws118\">Retireme<span class=\"_ _0\"></span>nt<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x499 hf y4196 ff3 fs9 fc1 sc0 ls187 ws19c\">Investments<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x49a hf y4196 ff3 fs9 fc1 sc0 ls18 ws0\">de<span class=\"_ _0\"></span>bt c<span class=\"_ _0\"></span>ost<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y4196 ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 hf y4197 ff3 fs9 fc1 sc0 ls18 ws0\">Fo<span class=\"_ _0\"></span>r the y<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>r en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>23 (<span class=\"_ _0\"></span>Res<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ted<span class=\"_ _0\"></span>)<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x321 hf y4197 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x464 hf y4197 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x432 hf y4197 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x465 hf y4197 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x466 hf y4197 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x467 hf y4197 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y4197 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y4198 w14f h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">Adjusted operating profit/(loss)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x49b y4198 wc5 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,028<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x49c y4198 w42 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">448<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x49d y4198 w42 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">139<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x49e y4198 w42 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">310<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x49f y4198 w42 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">136<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4a0 y4198 w3b h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(394)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x253 y4198 w37 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,667<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4199 w11c h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">Investment and other<span class=\"_ _1\"></span> variances<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4a1 y4199 wc6 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(555)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4a2 y4199 wc6 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(123)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4a3 y4199 w71 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(22)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4a4 y4199 w3b h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(149)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4a5 y4199 w3b h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(363)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4a6 y4199 w3b h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(365)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4a7 y4199 w34 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(1,577)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y419a w150 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">Losses attributable to non-<span class=\"_ _0\"></span>controlling inter<span class=\"_ _1\"></span>ests<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4a8 y419a wbd h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4a9 y419a wbd h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4aa y419a wbd h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4ab y419a wbd h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4ac y419a wbf h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4ad y419a w71 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(14)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4ae y419a w71 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(14)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w151 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Prof<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>/(lo<span class=\"_ _0\"></span>ss) befo<span class=\"_ _0\"></span>re ta<span class=\"_ _0\"></span>x at<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ib<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e to eq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y hol<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>rs<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4af y4121 w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">473<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4b0 y4121 w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">325<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4b1 y4121 w4b h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">117<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4b2 y4121 w4b h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">161<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4b3 y4121 w3b h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(227)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4b4 y4121 w3b h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(773)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4b5 y4121 w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">76<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ac w152 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws23\">T<span class=\"_ _4\"></span>ax credit/(<span class=\"_ _1\"></span>expens<span class=\"_ _1\"></span>e)<span class=\"_ _1\"></span> attributa<span class=\"_ _1\"></span>ble t<span class=\"_ _1\"></span>o equity<span class=\"_ _1\"></span> holders<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4b6 y40ac w153 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">236<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4b7 y40ac w71 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(30)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4b8 y40ac w71 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(44)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4b9 y40ac w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">61<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4ba y40ac w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">17<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4bb y40ac w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">127<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4bc y40ac w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">367<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae wbc h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Prof<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>/(lo<span class=\"_ _0\"></span>ss) for th<span class=\"_ _0\"></span>e yea<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4bd y40ae w153 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">709<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4be y40ae w153 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">295<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4bf y40ae w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">73<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4c0 y40ae w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">222<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4c1 y40ae w4d h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(210)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4c2 y40ae w4d h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(646)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4c3 y40ae w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">443<span class=\"_ _3b2\"> </span></div></td></tr></table>(b) <span class=\"_ _7\"> </span>Tota<span class=\"_ _0\"></span>l r<span class=\"_ _0\"></span>evenue \u2013 s<span class=\"_ _0\"></span>um<span class=\"_ _3\"></span>ma<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span>T<span class=\"_ _1\"></span>otal revenue inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>es insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce reve<span class=\"_ _0\"></span>nue<span class=\"_ _0\"></span>, fees fro<span class=\"_ _0\"></span>m fund ma<span class=\"_ _0\"></span>nage<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt and inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts an<span class=\"_ _0\"></span>d other op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>nal inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e from co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>acts<span class=\"_ _0\"></span> with cu<span class=\"_ _0\"></span>stom<span class=\"_ _0\"></span>ers<span class=\"_ _0\"></span>. Fur<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er de<span class=\"_ _0\"></span>tails on th<span class=\"_ _0\"></span>e com<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>nen<span class=\"_ _0\"></span>ts of insura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e revenu<span class=\"_ _0\"></span>e are discl<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>d in Note 21<span class=\"_ _1\"></span>. Othe<span class=\"_ _0\"></span>r ope<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>onal in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me fro<span class=\"_ _0\"></span>m con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts with<span class=\"_ _0\"></span> cus<span class=\"_ _0\"></span>tome<span class=\"_ _0\"></span>rs is a comp<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ent of othe<span class=\"_ _0\"></span>r ope<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>onal in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me and excl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>s the sha<span class=\"_ _0\"></span>re of profit<span class=\"_ _0\"></span>/<span class=\"_ _0\"></span>los<span class=\"_ _0\"></span>s from ass<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>iates and join<span class=\"_ _0\"></span>t venture<span class=\"_ _0\"></span>s, as well as gain<span class=\"_ _0\"></span>s/<span class=\"_ _3b2\"> </span>loss<span class=\"_ _0\"></span>es on disp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>al of subsidia<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>s, ass<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>iates, jo<span class=\"_ _0\"></span>int ventu<span class=\"_ _0\"></span>res and oth<span class=\"_ _0\"></span>er op<span class=\"_ _0\"></span>erat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e table<span class=\"_ _0\"></span>s bel<span class=\"_ _0\"></span>ow split th<span class=\"_ _0\"></span>e revenu<span class=\"_ _0\"></span>e by the geo<span class=\"_ _0\"></span>gr<span class=\"_ _0\"></span>aphi<span class=\"_ _0\"></span>c loc<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of the clien<span class=\"_ _0\"></span>t.<span class=\"_ _3b2\"> </span><table class=\"s w154 h135\" id=\"_c2700dfd-db44-4e2c-8081-862b80d4dbe7\"><tr><td></td><td class=\"t m2 x4c4 h13 y419b ff5 fs9 fc1 sc0 ls189 ws1ab\">Unite<span class=\"_ _0\"></span>d </td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m2 x4c5 h13 y419c ff6 fs9 fc1 sc0 ls3d ws131\">Kingdom<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x31d h13 y419c ff5 fs9 fc1 sc0 ls3d ws131\">USA<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x495 h13 y419c ff5 fs9 fc1 sc0 ls18 ws0\">Res<span class=\"_ _0\"></span>t o<span class=\"_ _0\"></span>f Wor<span class=\"_ _0\"></span>ld<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 h13 y419c ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 h13 y419d ff5 fs9 fc1 sc0 ls18 ws0\">Fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>24<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x465 h13 y419d ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x466 h13 y419d ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x467 h13 y419d ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 h13 y419d ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y4192 w2d h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 lsea ws27\">Insurance revenue<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4c6 y4192 w36 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">8,419<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4c7 y4192 w36 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">2,032<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4c8 y4192 w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">123<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4c9 y4192 w93 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">10,574<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y419e w48 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Fe<span class=\"_ _0\"></span>es fr<span class=\"_ _0\"></span>om f<span class=\"_ _0\"></span>und m<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt a<span class=\"_ _0\"></span>nd inv<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>cts<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x46b y419e w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">702<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x46c y419e w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">83<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4ca y419e w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">79<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4cb y419e w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">864<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4108 w155 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">O<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>al in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me f<span class=\"_ _0\"></span>rom c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>s wi<span class=\"_ _0\"></span>th cu<span class=\"_ _0\"></span>sto<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>rs<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4cc y4108 w36 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">1,249<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4cd y4108 wa8 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4ce y4108 wa6 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4cf y4108 w36 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">1,251<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w156 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls1 ws0\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> rev<span class=\"_ _1\"></span>enue<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4d0 y40ae w93 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">10,370<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4d1 y40ae w36 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">2,117<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4d2 y40ae w4a h11b\"><div class=\"t m2 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls56 ws55\">202<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4d3 y40ae w93 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">12,689<span class=\"_ _3b2\"> </span></div></td></tr></table><table class=\"s w157 h136\" id=\"_774c156b-4537-40f9-8e91-9c48adfb56b6\"><tr><td></td><td class=\"t m2 x4d4 hf y419f ff3 fs9 fc1 sc0 ls14a ws164\">Unite<span class=\"_ _1\"></span>d </td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m2 x4c5 hf y41a0 ff3 fs9 fc1 sc0 ls187 ws19c\">Kingdom<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x4d5 hf y41a0 ff3 fs9 fc1 sc0 ls30 ws9\">USA<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x495 hf y41a0 ff3 fs9 fc1 sc0 ls18 ws0\">Res<span class=\"_ _0\"></span>t of Wo<span class=\"_ _0\"></span>rl<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y41a0 ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 hf y41a1 ff3 fs9 fc1 sc0 ls18 ws0\">Fo<span class=\"_ _0\"></span>r the y<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>r en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>23<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x465 hf y41a1 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x466 hf y41a1 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x467 hf y41a1 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y41a1 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y40c2 w2d h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 lsea ws27\">Insurance revenue<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4d6 y40c2 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">7,679<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4d7 y40c2 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,830<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4d8 y40c2 w4b h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">115<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1d3 y40c2 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">9,624<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4183 w48 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Fe<span class=\"_ _0\"></span>es fr<span class=\"_ _0\"></span>om f<span class=\"_ _0\"></span>und m<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt a<span class=\"_ _0\"></span>nd inv<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>cts<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4d9 y4183 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">652<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4da y4183 w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">80<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4db y4183 w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">93<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4dc y4183 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">825<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4158 w155 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">O<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>al in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me f<span class=\"_ _0\"></span>rom c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>s wi<span class=\"_ _0\"></span>th cu<span class=\"_ _0\"></span>sto<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>rs<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4dd y4158 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,661<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4de y4158 w50 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4df y4158 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4e0 y4158 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,662<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w158 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls15e ws1ad\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span> r<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>u<span class=\"_ _3\"></span>e<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4e1 y40ae w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">9,992<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4e2 y40ae w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,911<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4e3 y40ae w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">208<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4e4 y40ae w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">12,111<span class=\"_ _3b2\"> </span></div></td></tr></table>(<span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>) <span class=\"_ _4c\"> </span>Total r<span class=\"_ _0\"></span>evenue \u2013 i<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>/ext<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l a<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>ly<span class=\"_ _0\"></span>sis<span class=\"_ _3b2\"> </span><table class=\"s w154 h137\" id=\"_c8a26310-b1c3-4a89-a8ea-821ffb901d18\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x49a h13 y41a2 ff5 fs9 fc1 sc0 ls14a ws164\">Corporate<span class=\"ls1 ws0\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x4e5 h13 y41a3 ff6 fs9 fc1 sc0 ls115 ws4f\">Institutional<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x4e6 h13 y41a3 ff5 fs9 fc1 sc0 ls3d ws131\">Asset<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m0 x4e7 h13 y41a3 ff5 fs9 fc1 sc0 ls3c ws11e\">Retail<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x4e8 h13 y41a3 ff6 fs9 fc1 sc0 ls2c ws34\">Inve<span class=\"_ _1\"></span>stments<span class=\"_ _3b2\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x4e9 h13 y41a4 ff5 fs9 fc1 sc0 ls1b ws1f\">Retire<span class=\"_ _0\"></span>ment<span class=\"_ _3b2\"> </span></td><td class=\"c x4eb y41a6 w159 h138\"><div class=\"t m0 x1ca h13 y40ef ff5 fs9 fc1 sc0 ls3d ws131\">Management</div><div class=\"t m0 x4ea h99 y41a5 ff5 fs1b fc1 sc0 ls1 ws0\">1</div></td><td class=\"t m0 x4ec h13 y41a4 ff6 fs9 fc1 sc0 ls37 ws7\">Insurance<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x287 h13 y41a4 ff5 fs9 fc1 sc0 ls1b ws1f\">Retire<span class=\"_ _0\"></span>ment<span class=\"_ _3b2\"> </span></td><td class=\"c x420 y41a6 w15a h138\"><div class=\"t m0 x1ca h13 y40ef ff5 fs9 fc1 sc0 ls38 ws3b\">and other</div><div class=\"t m0 x4ed h99 y41a5 ff5 fs1b fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"t m0 x1c7 h13 y41a4 ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 h13 y41a7 ff5 fs9 fc1 sc0 ls18 ws0\">Fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>24<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x464 h13 y41a7 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x432 h13 y41a7 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x465 h13 y41a7 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x466 h13 y41a7 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x467 h13 y41a7 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 h13 y41a7 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c x1cb y419e w15b h11a\"><div class=\"t m0 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls149 ws29\">Internal revenue</div><div class=\"t m0 x4ee h5a y41a8 ff3 fs1c fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4ef y4121 wa5 h116\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4f0 y4121 w4a h116\"><div class=\"t m0 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">193<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4f1 y4121 wa5 h116\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4f2 y4121 wa5 h116\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4f3 y4121 w3a h116\"><div class=\"t m0 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">(193)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4f4 y4121 wa5 h116\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41a9 w15c h116\"><div class=\"t m0 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls10a ws5a\">Ex<span class=\"_ _0\"></span>ternal revenue<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4f5 y41a9 w36 h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls56 ws55\">5,885<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4f6 y41a9 w4a h116\"><div class=\"t m0 x1ca h1a y40b1 ff5 fs6 fc1 sc0 ls56 ws55\">849<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4f7 y41a9 w36 h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls56 ws55\">3,366<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4f8 y41a9 w36 h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls56 ws55\">1,584<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4f9 y41a9 w36 h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls56 ws55\">1,005<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4fa y41a9 w2f h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls56 ws55\">12,689<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w156 h116\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> rev<span class=\"_ _1\"></span>enue<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4fb y40ae w36 h116\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">5,885<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4fc y40ae w36 h116\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">1,042<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4fd y40ae w36 h116\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">3,366<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4fe y40ae w36 h116\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">1,584<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4ff y40ae w4a h116\"><div class=\"t m0 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">812<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x500 y40ae w2f h116\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">12,689<span class=\"_ _3b2\"> </span></div></td></tr></table><table class=\"s w15d h139\" id=\"_2a2c3dc9-ba29-4082-9db1-aad5f588501f\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x501 hf y41aa ff3 fs9 fc1 sc0 ls38 ws3a\">Corporate<span class=\"ls1 ws0\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x4e9 hf y41ab ff3 fs9 fc1 sc0 ls10a ws118\">Institu<span class=\"_ _0\"></span>tional<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x502 hf y41ab ff3 fs9 fc1 sc0 ls1 ws0\">Asset<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m0 x325 hf y41ab ff3 fs9 fc1 sc0 ls10a ws118\">Retail<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x503 hf y41ab ff3 fs9 fc1 sc0 ls187 ws19c\">Investments<span class=\"_ _3b2\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x269 hf y41ac ff3 fs9 fc1 sc0 ls10a ws118\">Retireme<span class=\"_ _0\"></span>nt<span class=\"_ _3b2\"> </span></td><td class=\"c x505 y41ae w15e h11e\"><div class=\"t m0 x1ca hf y415b ff3 fs9 fc1 sc0 ls38 ws3a\">Management</div><div class=\"t m0 x504 ha4 y41ad ff3 fs1b fc1 sc0 ls1 ws0\">1</div></td><td class=\"t m0 x506 hf y41ac ff3 fs9 fc1 sc0 ls187 ws19c\">Insurance<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x507 hf y41ac ff3 fs9 fc1 sc0 ls10a ws118\">Retireme<span class=\"_ _0\"></span>nt<span class=\"_ _3b2\"> </span></td><td class=\"c x509 y41ae w15f h11e\"><div class=\"t m0 x1ca hf y415b ff3 fs9 fc1 sc0 ls18 ws0\">and o<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er</div><div class=\"t m0 x508 ha4 y41ad ff3 fs1b fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"t m0 x1c7 hf y41ac ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 hf y41af ff3 fs9 fc1 sc0 ls18 ws0\">Fo<span class=\"_ _0\"></span>r the y<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>r en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>23 (<span class=\"_ _0\"></span>Res<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ted<span class=\"_ _0\"></span>)<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x464 hf y41af ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x432 hf y41af ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x465 hf y41af ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x466 hf y41af ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x467 hf y41af ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 hf y41af ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c x1cb y4183 w15b h11a\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls149 ws29\">Internal revenue</div><div class=\"t m0 x4ee h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x50a y4183 wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x50b y4183 w42 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">176<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x50c y4183 wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x50d y4183 wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x50e y4183 w3b h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(176)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x50f y4183 wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ac w15c h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10a ws5a\">Ex<span class=\"_ _0\"></span>ternal revenue<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x510 y40ac wc5 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5,257<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x511 y40ac w42 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">930<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x512 y40ac w30 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,115<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x513 y40ac w30 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,468<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x514 y40ac w30 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,341<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x515 y40ac w3e h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">12,111<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w158 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls15e ws1ad\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span> r<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>u<span class=\"_ _3\"></span>e<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x516 y40ae wc5 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5,257<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x517 y40ae w37 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,106<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x518 y40ae w37 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,115<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x519 y40ae w37 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,468<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x51a y40ae w37 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,165<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x51b y40ae w3e h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">12,111<span class=\"_ _3b2\"> </span></div></td></tr></table>1. <span class=\"_ _15\"> </span>As<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t M<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t in<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>al r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ue r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>tes t<span class=\"_ _0\"></span>o in<span class=\"_ _0\"></span>ves<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t ma<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t s<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>vic<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s pr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r s<span class=\"_ _0\"></span>eg<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>2. <span class=\"_ _15\"> </span>O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s in<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r-<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>gm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>al e<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns a<span class=\"_ _0\"></span>nd G<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>p c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>da<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on a<span class=\"_ _0\"></span>dj<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>3. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>As<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t M<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t rev<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>e in<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>e in<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t ma<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e d<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n un<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ta<span class=\"_ _0\"></span>kes o<span class=\"_ _0\"></span>n be<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>f of ot<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>er G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>p bu<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>e fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e mo<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t si<span class=\"_ _0\"></span>gn<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>fic<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n of th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>se a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>sl<span class=\"_ _0\"></span>y u<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ke<span class=\"_ _0\"></span>n by t<span class=\"_ _0\"></span>he L<span class=\"_ _0\"></span>GI<span class=\"_ _0\"></span>M di<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n pr<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>r to t<span class=\"_ _0\"></span>he 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>tu<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e in J<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>e 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>, ar<span class=\"_ _0\"></span>e in<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d i<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e ab<span class=\"_ _0\"></span>ove t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>e on a g<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>s bas<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>. A<span class=\"_ _0\"></span>ny a<span class=\"_ _0\"></span>dd<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>al s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>s pr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>y As<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t M<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t to o<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er d<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, no<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>y th<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>se i<span class=\"_ _0\"></span>nh<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d fr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>m th<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>us L<span class=\"_ _0\"></span>GC d<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>, a<span class=\"_ _0\"></span>re e<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d in t<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>gm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>al d<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d on a n<span class=\"_ _0\"></span>et b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>. Pr<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>r ye<span class=\"_ _0\"></span>ar c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ves h<span class=\"_ _0\"></span>ave b<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>en a<span class=\"_ _0\"></span>dj<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed to b<span class=\"_ _0\"></span>e o<span class=\"_ _0\"></span>n a co<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>sis<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t ba<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>s.<span class=\"_ _3b2\"> </span>(<span class=\"_ _1\"></span>d) <span class=\"_ _217\"> </span>Fees f<span class=\"_ _0\"></span>rom f<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>nd m<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>gement a<span class=\"_ _0\"></span>nd i<span class=\"_ _0\"></span>nvest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span>Fee<span class=\"_ _0\"></span>s from fu<span class=\"_ _0\"></span>nd mana<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t and invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>e fees for admi<span class=\"_ _0\"></span>nistr<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n and mana<span class=\"_ _0\"></span>ging of fun<span class=\"_ _0\"></span>ds in pen<span class=\"_ _0\"></span>sio<span class=\"_ _0\"></span>n plans<span class=\"_ _0\"></span>, as well as<span class=\"_ gsec\"> </span>reven<span class=\"_ _0\"></span>ue ge<span class=\"_ _0\"></span>ner<span class=\"_ _0\"></span>ated from ac<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g as the investm<span class=\"_ _0\"></span>ent ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>er for clie<span class=\"_ _0\"></span>nts<span class=\"_ _0\"></span>. T<span class=\"_ _4\"></span>r<span class=\"_ _0\"></span>ansa<span class=\"_ _0\"></span>ctio<span class=\"_ _0\"></span>n fees are ch<span class=\"_ _0\"></span>arge<span class=\"_ _0\"></span>d to imple<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt trad<span class=\"_ _0\"></span>es for clie<span class=\"_ _0\"></span>nts.<span class=\"_ _3b2\"> </span><table class=\"s w154 h13a\" id=\"_65031344-513b-43d4-ad4e-af28afd9fd3d\"><tr><td></td><td></td><td></td><td class=\"t m0 x49a h13 y41b0 ff5 fs9 fc1 sc0 ls14a ws164\">Corporate<span class=\"ls1 ws0\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x45d h13 y41b1 ff5 fs9 fc1 sc0 ls3d ws131\">Asset<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x4e7 h13 y41b1 ff5 fs9 fc1 sc0 ls3c ws11e\">Retail<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x4e8 h13 y41b1 ff6 fs9 fc1 sc0 ls2c ws34\">Inve<span class=\"_ _1\"></span>stments<span class=\"_ _3b2\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x51c h13 y41b2 ff5 fs9 fc1 sc0 ls3d ws131\">Management<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x287 h13 y41b2 ff5 fs9 fc1 sc0 ls1b ws1f\">Retire<span class=\"_ _0\"></span>ment<span class=\"_ _3b2\"> </span></td><td class=\"c x420 y41b4 w160 h123\"><div class=\"t m0 x1ca h13 y4151 ff5 fs9 fc1 sc0 ls38 ws3b\">and other</div><div class=\"t m0 x51d h99 y41b3 ff5 fs1b fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"t m0 x1c7 h13 y41b2 ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 h13 y41b5 ff5 fs9 fc1 sc0 ls18 ws0\">Fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>24<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x465 h13 y41b5 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x466 h13 y41b5 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x467 h13 y41b5 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 h13 y41b5 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c x1cb y419e w161 h11a\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls113 ws5b\">Inv<span class=\"_ _1\"></span>estment con<span class=\"_ _1\"></span>tracts<span class=\"_ _1\"></span> and mana<span class=\"_ _1\"></span>gement f<span class=\"_ _1\"></span>ees</div><div class=\"t m0 x425 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x51e y4121 w4a h11b\"><div class=\"t m0 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls56 ws55\">909<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x51f y4121 w4a h11b\"><div class=\"t m0 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls56 ws55\">122<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x520 y4121 w3a h11b\"><div class=\"t m0 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">(186)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x521 y4121 w4a h11b\"><div class=\"t m0 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls56 ws55\">845<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4108 w162 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">T<span class=\"_ _1\"></span>ransaction<span class=\"_ _1\"></span> fees<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x522 y4108 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">19<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x523 y4108 wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4ce y4108 wa6 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x524 y4108 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">19<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w163 h11b\"><div class=\"t m0 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l fee<span class=\"_ _0\"></span>s fro<span class=\"_ _0\"></span>m fu<span class=\"_ _0\"></span>nd ma<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t an<span class=\"_ _0\"></span>d inves<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t con<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x525 y40ae w4a h11b\"><div class=\"t m0 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls56 ws55\">928<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x526 y40ae w4a h11b\"><div class=\"t m0 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls56 ws55\">122<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x527 y40ae w3a h11b\"><div class=\"t m0 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">(186)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x528 y40ae w4a h11b\"><div class=\"t m0 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">864<span class=\"_ _3b2\"> </span></div></td></tr></table><table class=\"s w164 h13b\" id=\"_b1b6989c-1f7f-41ba-99a5-507bf9e03bc1\"><tr><td></td><td></td><td></td><td class=\"t m0 x501 hf y41b6 ff3 fs9 fc1 sc0 ls38 ws3a\">Corporate<span class=\"ls1 ws0\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x493 hf y41b7 ff3 fs9 fc1 sc0 ls1 ws0\">Asset<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x325 hf y41b7 ff3 fs9 fc1 sc0 ls10a ws118\">Retail<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x503 hf y41b7 ff3 fs9 fc1 sc0 ls187 ws19c\">Investments<span class=\"_ _3b2\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x529 hf y41b8 ff3 fs9 fc1 sc0 ls38 ws3a\">Management<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x507 hf y41b8 ff3 fs9 fc1 sc0 ls10a ws118\">Retireme<span class=\"_ _0\"></span>nt<span class=\"_ _3b2\"> </span></td><td class=\"c x509 y41b9 w15f h11e\"><div class=\"t m0 x1ca hf y40a5 ff3 fs9 fc1 sc0 ls18 ws0\">and o<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er</div><div class=\"t m0 x508 ha4 y410d ff3 fs1b fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"t m0 x1c7 hf y41b8 ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 hf y41ba ff3 fs9 fc1 sc0 ls18 ws0\">Fo<span class=\"_ _0\"></span>r the y<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>r en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>23 (<span class=\"_ _0\"></span>Res<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ted<span class=\"_ _0\"></span>)<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x465 hf y41ba ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x466 hf y41ba ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x467 hf y41ba ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 hf y41ba ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c x1cb y4121 w161 h11a\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls113 ws5b\">Inv<span class=\"_ _1\"></span>estment con<span class=\"_ _1\"></span>tracts<span class=\"_ _1\"></span> and mana<span class=\"_ _1\"></span>gement f<span class=\"_ _1\"></span>ees</div><div class=\"t m0 x425 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x51e y4121 w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">869<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x52a y4121 w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">104<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x52b y4121 w3b h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(173)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x52c y4121 w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">800<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ac w162 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">T<span class=\"_ _1\"></span>ransaction<span class=\"_ _1\"></span> fees<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x522 y40ac w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">25<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x52d y40ac wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x52e y40ac wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x52f y40ac w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">25<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w165 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">T<span class=\"_ _1\"></span>otal fee<span class=\"_ _0\"></span>s fro<span class=\"_ _0\"></span>m fu<span class=\"_ _0\"></span>nd m<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt an<span class=\"_ _0\"></span>d inve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>ts<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x530 y40ae w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">894<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x531 y40ae w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">104<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x532 y40ae w4d h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(173)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x42a y40ae w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">825<span class=\"_ _3b2\"> </span></div></td></tr></table>1. <span class=\"_ _15\"> </span>O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s in<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r-<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>gm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>al e<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns a<span class=\"_ _0\"></span>nd G<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>p c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>da<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on a<span class=\"_ _0\"></span>dj<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>2. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>As<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t M<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t rev<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>e in<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>e in<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t ma<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e d<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n un<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ta<span class=\"_ _0\"></span>kes o<span class=\"_ _0\"></span>n be<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>f of ot<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>er G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>p bu<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>e fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e mo<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t si<span class=\"_ _0\"></span>gn<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>fic<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n of th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>se a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>sl<span class=\"_ _0\"></span>y u<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ke<span class=\"_ _0\"></span>n by t<span class=\"_ _0\"></span>he L<span class=\"_ _0\"></span>GI<span class=\"_ _0\"></span>M di<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n pr<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>r to t<span class=\"_ _0\"></span>he 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>tu<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e in J<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>e 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>, ar<span class=\"_ _0\"></span>e in<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d i<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e ab<span class=\"_ _0\"></span>ove t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>e on a g<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>s bas<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>. A<span class=\"_ _0\"></span>ny a<span class=\"_ _0\"></span>dd<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>al s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>s pr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>y As<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t M<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t to o<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er d<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, no<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>y th<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>se i<span class=\"_ _0\"></span>nh<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d fr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>m th<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>us L<span class=\"_ _0\"></span>GC d<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>, a<span class=\"_ _0\"></span>re e<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d in t<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>gm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>al d<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d on a n<span class=\"_ _0\"></span>et b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>. Pr<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>r p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>es h<span class=\"_ _0\"></span>ave b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n a<span class=\"_ _0\"></span>dj<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d to b<span class=\"_ _0\"></span>e on a c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t ba<span class=\"_ _0\"></span>sis<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>(<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>) <span class=\"_ _4c\"> </span>Ot<span class=\"_ _0\"></span>her o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>iona<span class=\"_ _0\"></span>l i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ome f<span class=\"_ _0\"></span>rom cont<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>ts w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h cu<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>omer<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span>Ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r ope<span class=\"_ _0\"></span>ratio<span class=\"_ _0\"></span>nal in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me fro<span class=\"_ _0\"></span>m cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>ts with cu<span class=\"_ _0\"></span>stom<span class=\"_ _0\"></span>ers in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>des ho<span class=\"_ _0\"></span>use bu<span class=\"_ _0\"></span>ildin<span class=\"_ _0\"></span>g revenu<span class=\"_ _0\"></span>e, reve<span class=\"_ _0\"></span>nue ar<span class=\"_ _0\"></span>isin<span class=\"_ _0\"></span>g from profess<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>al ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>es and insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce bro<span class=\"_ _0\"></span>ker fees<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span><table class=\"s w154 h13d\" id=\"_54f03551-7cb6-42e8-a72d-90fb37a3f07a\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x49a h13 y41c2 ff5 fs9 fc1 sc0 ls14a ws164\">Corporate<span class=\"ls1 ws0\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x4e5 h13 y41c3 ff6 fs9 fc1 sc0 ls115 ws4f\">Institutional<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x4e6 h13 y41c3 ff5 fs9 fc1 sc0 ls3d ws131\">Asset<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m0 x4e7 h13 y41c3 ff5 fs9 fc1 sc0 ls3c ws11e\">Retail<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x4e8 h13 y41c3 ff6 fs9 fc1 sc0 ls2c ws34\">Inve<span class=\"_ _1\"></span>stments<span class=\"_ _3b2\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x4e9 h13 y41c4 ff5 fs9 fc1 sc0 ls1b ws1f\">Retire<span class=\"_ _0\"></span>ment<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x54a h13 y41c4 ff5 fs9 fc1 sc0 ls3d ws131\">Management<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x4ec h13 y41c4 ff6 fs9 fc1 sc0 ls37 ws7\">Insurance<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x287 h13 y41c4 ff5 fs9 fc1 sc0 ls1b ws1f\">Retire<span class=\"_ _0\"></span>ment<span class=\"_ _3b2\"> </span></td><td class=\"c x420 y41c5 w15a h123\"><div class=\"t m0 x1ca h13 y4151 ff5 fs9 fc1 sc0 ls38 ws3b\">and other</div><div class=\"t m0 x4ed h99 y41b3 ff5 fs1b fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"t m0 x1c7 h13 y41c4 ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 h13 y41c6 ff5 fs9 fc1 sc0 ls18 ws0\">Fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>24<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x464 h13 y41c6 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x432 h13 y41c6 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x465 h13 y41c6 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x466 h13 y41c6 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x467 h13 y41c6 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 h13 y41c6 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y41c7 w167 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">House building<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x54b y41c7 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">14<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x54c y41c7 w4a h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">100<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x54d y41c7 wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x54e y41c7 wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x54f y41c7 w4a h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">984<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x550 y41c7 w36 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">1,098<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y419e w168 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">Profess<span class=\"_ _1\"></span>ional serv<span class=\"_ _0\"></span>ices fees<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x539 y419e wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x551 y419e w70 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">14<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x552 y419e w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">51<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x553 y419e wa8 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">6<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x554 y419e w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">13<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x555 y419e w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">84<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41a9 w169 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 lsea ws27\">Insurance broker<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x53e y41a9 wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x556 y41a9 wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x557 y41a9 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">68<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x558 y41a9 wa6 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x559 y41a9 wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x222 y41a9 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">68<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y40ae w16c h11f\"><div class=\"t m0 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls11c ws25\">T<span class=\"_ _4\"></span>ot<span class=\"_ _0\"></span>al other<span class=\"_ _1\"></span> operational income<span class=\"_ _1\"></span> from<span class=\"_ _1\"></span> contracts with customers</div><div class=\"t m0 x55a h91 y40aa ff5 fs1c fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x55b y40ae w7b h11b\"><div class=\"t m0 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls56 ws55\">14<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x55c y40ae w4a h11b\"><div class=\"t m0 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls56 ws55\">114<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x55d y40ae w4a h11b\"><div class=\"t m0 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls56 ws55\">119<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x55e y40ae wa8 h11b\"><div class=\"t m0 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls1 ws0\">6<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x55f y40ae w4a h11b\"><div class=\"t m0 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">997<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x560 y40ae w36 h11b\"><div class=\"t m0 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">1,250<span class=\"_ _3b2\"> </span></div></td></tr></table><table class=\"s w166 h13c\" id=\"_52c85b65-1dd5-4f9a-8262-df0e3985f7ce\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x501 hf y41bb ff3 fs9 fc1 sc0 ls38 ws3a\">Corporate<span class=\"ls1 ws0\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x4e9 hf y41bc ff3 fs9 fc1 sc0 ls10a ws118\">Institu<span class=\"_ _0\"></span>tional<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x502 hf y41bc ff3 fs9 fc1 sc0 ls1 ws0\">Asset<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m0 x325 hf y41bc ff3 fs9 fc1 sc0 ls10a ws118\">Retail<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x503 hf y41bc ff3 fs9 fc1 sc0 ls187 ws19c\">Investments<span class=\"_ _3b2\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x269 hf y41bd ff3 fs9 fc1 sc0 ls10a ws118\">Retireme<span class=\"_ _0\"></span>nt<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x275 hf y41bd ff3 fs9 fc1 sc0 ls38 ws3a\">Management<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x506 hf y41bd ff3 fs9 fc1 sc0 ls187 ws19c\">Insurance<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x507 hf y41bd ff3 fs9 fc1 sc0 ls10a ws118\">Retireme<span class=\"_ _0\"></span>nt<span class=\"_ _3b2\"> </span></td><td class=\"c x509 y41bf w15f h11e\"><div class=\"t m0 x1ca hf y40a5 ff3 fs9 fc1 sc0 ls18 ws0\">and o<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er</div><div class=\"t m0 x508 ha4 y41be ff3 fs1b fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"t m0 x1c7 hf y41bd ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 hf y41c0 ff3 fs9 fc1 sc0 ls18 ws0\">Fo<span class=\"_ _0\"></span>r the y<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>r en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>23 (<span class=\"_ _0\"></span>Res<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ted<span class=\"_ _0\"></span>)<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x464 hf y41c0 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x432 hf y41c0 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x465 hf y41c0 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x466 hf y41c0 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x467 hf y41c0 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 hf y41c0 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y40c2 w167 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">House building<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x533 y40c2 w50 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x534 y40c2 w42 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">208<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x535 y40c2 wbd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x536 y40c2 wbd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x537 y40c2 w30 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,321<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x538 y40c2 w30 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,531<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4183 w168 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">Profess<span class=\"_ _1\"></span>ional serv<span class=\"_ _0\"></span>ices fees<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x539 y4183 wbe h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x53a y4183 w50 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4b9 y4183 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">46<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x53b y4183 w75 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x53c y4183 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">17<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x53d y4183 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">74<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4122 w169 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 lsea ws27\">Insurance broker<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x53e y4122 wbe h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x53f y4122 wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x540 y4122 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">57<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x541 y4122 wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x542 y4122 wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x543 y4122 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">57<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y41c1 w16a h11a\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">T<span class=\"_ _1\"></span>otal oth<span class=\"_ _0\"></span>er o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>nal i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e fro<span class=\"_ _0\"></span>m co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>ts wi<span class=\"_ _0\"></span>th c<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>tome<span class=\"_ _0\"></span>rs</div><div class=\"t m0 x544 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4ef y40ae w16b h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x545 y40ae w42 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">212<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x546 y40ae w42 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">103<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x547 y40ae w75 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x548 y40ae w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,338<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x549 y40ae w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,662<span class=\"_ _3b2\"> </span></div></td></tr></table>1. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s in<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r-<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>gm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>al e<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns a<span class=\"_ _0\"></span>nd G<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>p c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>da<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on a<span class=\"_ _0\"></span>dj<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>2. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>T<span class=\"_ _1\"></span>ot<span class=\"_ _0\"></span>al o<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er o<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>al i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>me f<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>m c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ts w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h cu<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>s exc<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>es t<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>re o<span class=\"_ _0\"></span>f pr<span class=\"_ _0\"></span>ofi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>/<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>s fr<span class=\"_ _0\"></span>om a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d jo<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>nt ve<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, an<span class=\"_ _0\"></span>d th<span class=\"_ _0\"></span>e g<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>n on d<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>sa<span class=\"_ _0\"></span>l of s<span class=\"_ _0\"></span>ub<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, as<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>nd j<span class=\"_ _0\"></span>oi<span class=\"_ _0\"></span>nt v<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>4<span class=\"_ _1\"></span><span class=\"ls8d\">.<span class=\"_ _f8\"> </span>Insurance serv<span class=\"_ _0\"></span>ice and o<span class=\"_ _1\"></span>ther e<span class=\"_ _1\"></span>xpenses<span class=\"_ _3b2\"> </span></span><table class=\"s w16d h13e\" id=\"_4fc8421b-c159-4b6f-b367-5e2a3bf55a48\"><tr><td></td><td></td><td class=\"t m2 x1c6 h13 y41c8 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y41c8 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x42e hf y41c9 ff3 fs9 fc1 sc0 lsee wsf5\">Note<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 h13 y41c9 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y41c9 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y41ca w16e h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">Claims and benefits<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1d2 y41ca w36 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">7,834<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1d3 y41ca w37 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">7,201<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41cb w16f h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Fe<span class=\"_ _0\"></span>es an<span class=\"_ _0\"></span>d co<span class=\"_ _0\"></span>mm<span class=\"_ _0\"></span>iss<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x561 y41cb w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">693<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x562 y41cb w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">573<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4166 w170 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Los<span class=\"_ _0\"></span>ses a<span class=\"_ _0\"></span>nd re<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>sal<span class=\"_ _0\"></span>s of lo<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s on o<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>s co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>ts<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x563 y4166 w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">307<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x564 y4166 w4b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">329<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y41cc w171 h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Los<span class=\"_ _0\"></span>s on d<span class=\"_ _0\"></span>isp<span class=\"_ _0\"></span>osa<span class=\"_ _0\"></span>l of su<span class=\"_ _0\"></span>bsid<span class=\"_ _0\"></span>iar<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s</div><div class=\"t m2 x565 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1db y41cc w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">28<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x566 y41cc w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">99<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x567 y41cc wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4168 w172 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">S<span class=\"_ _0\"></span>taf<span class=\"_ _0\"></span>f c<span class=\"_ _0\"></span>ost<span class=\"_ _0\"></span>s (in<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>udi<span class=\"_ _0\"></span>ng p<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>sio<span class=\"_ _0\"></span>n co<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s and s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>d pay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x568 y4168 w39 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">32<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x569 y4168 w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,309<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x56a y4168 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,309<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41cd w173 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10e ws54\">Redundancy costs<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x56b y41cd w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">15<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x56c y41cd w50 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">9<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41ce w174 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10e ws54\">Auditor\u2019s remuneration<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x56d y41ce w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">31<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x56e y41ce w70 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">20<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x543 y41ce w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">23<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41cf w175 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">De<span class=\"_ _0\"></span>pre<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on an<span class=\"_ _0\"></span>d im<span class=\"_ _0\"></span>pai<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t of pla<span class=\"_ _0\"></span>nt an<span class=\"_ _0\"></span>d eq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>pm<span class=\"_ _0\"></span>ent<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x56f y41cf w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">11<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x570 y41cf w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">63<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x571 y41cf w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">81<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y416b w176 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Am<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>tisa<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n an<span class=\"_ _0\"></span>d imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt of i<span class=\"_ _0\"></span>nta<span class=\"_ _0\"></span>ngi<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>e ass<span class=\"_ _0\"></span>ets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x231 y416b w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">10<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x572 y416b w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">56<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x573 y416b w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">54<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y41d0 w177 h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls11e ws5c\">House build<span class=\"_ _1\"></span>ing expenses</div><div class=\"t m2 x574 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x420 y41d1 w4a h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">945<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x575 y41d1 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,308<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40bd w178 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 lsea ws27\">Othe<span class=\"_ _0\"></span>r administrative expenses<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x204 y40bd w4a h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">818<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x253 y40bd w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,092<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4189 w179 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Am<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nts a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tri<span class=\"_ _0\"></span>bu<span class=\"_ _0\"></span>ted to in<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce a<span class=\"_ _0\"></span>cq<span class=\"_ _0\"></span>uisi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on c<span class=\"_ _0\"></span>ash f<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>ws in<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d du<span class=\"_ _0\"></span>rin<span class=\"_ _0\"></span>g th<span class=\"_ _0\"></span>e yea<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x576 y4189 w3a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(358)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x577 y4189 w4d h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(335)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y417f w17a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Am<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>tisa<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of ins<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e ac<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>isi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n ca<span class=\"_ _0\"></span>sh f<span class=\"_ _0\"></span>lows<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x578 y417f w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">167<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x579 y417f w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">151<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y418c w17b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Ne<span class=\"_ _0\"></span>t imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt l<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>s on as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts for i<span class=\"_ _0\"></span>nsu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce a<span class=\"_ _0\"></span>cq<span class=\"_ _0\"></span>uis<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>on c<span class=\"_ _0\"></span>ash f<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ows<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x57a y418c wa6 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x57b y418c w50 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">8<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c1 w17c h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l In<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ce se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce a<span class=\"_ _0\"></span>nd ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r exp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x57c y40c1 w2f h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">11,968<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3bf y40c1 wd3 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">11,803<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 hc y41d2 ff4 fs6 fc1 sc0 ls56 ws55\">Rep<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>ente<span class=\"_ _0\"></span>d by:<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4121 w31 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 lsea ws27\">Insurance ser<span class=\"_ _0\"></span>vic<span class=\"_ _0\"></span>e expenses<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x250 y4121 w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">9,091<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x251 y4121 w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">8,373<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4158 w4f h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Other expen<span class=\"_ _1\"></span>ses<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x250 y4158 w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,877<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x251 y4158 w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,430<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w17c h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l In<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ce se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce a<span class=\"_ _0\"></span>nd ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r exp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x57c y40ae w2f h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">11,968<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3bf y40ae wd3 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">11,803<span class=\"_ _3b2\"> </span></div></td></tr></table>1.<span class=\"_ _1d\"> </span>Lo<span class=\"_ _0\"></span>ss o<span class=\"_ _0\"></span>n di<span class=\"_ _0\"></span>sp<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>sal o<span class=\"_ _0\"></span>f su<span class=\"_ _0\"></span>bs<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>fl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>e di<span class=\"_ _0\"></span>sp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>al o<span class=\"_ _0\"></span>f Ca<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>2.<span class=\"_ _1d\"> </span> <span class=\"_ _9\"></span>Ho<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>e b<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>ld<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t of sa<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>s of t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>p\u2019s h<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>se b<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>ld<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ng b<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, in<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g Ca<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>. A to<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>l of \u00a31,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>98<span class=\"_ _0\"></span>m (20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3: \u00a3<span class=\"_ _0\"></span>1,5<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>1m) of hou<span class=\"_ _0\"></span>se b<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>ng i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>me h<span class=\"_ _0\"></span>as be<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d i<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e yea<span class=\"_ _0\"></span>r (se<span class=\"_ _0\"></span>e No<span class=\"_ _0\"></span>te 2<span class=\"_ _0\"></span>(v)(e)).<span class=\"_ _3b2\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfExpensesExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-719": {
   "value": "2<span class=\"ls8d\">. <span class=\"_ _156\"> </span>Su<span class=\"_ _1\"></span>pp<span class=\"_ _1\"></span>le<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>tar<span class=\"_ _3\"></span>y ad<span class=\"_ _1\"></span>juste<span class=\"_ _1\"></span>d opera<span class=\"_ _1\"></span>tin<span class=\"_ _0\"></span>g pro<span class=\"_ _1\"></span>fit info<span class=\"_ _1\"></span>rmati<span class=\"_ _1\"></span>on<span class=\"_ _3b2\"> </span></span>(i<span class=\"_ _1\"></span>) <span class=\"_ _8\"> </span>Adjust<span class=\"_ _0\"></span>ed oper<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g profit<span class=\"_ _3b2\"> </span><table class=\"s w10b h12a\" id=\"_72d60e06-d7ea-4f64-b2fb-7f00381f8d89\"><tr><td></td><td></td><td></td><td></td><td class=\"t m2 x3fc hf y4159 ff3 fs9 fc1 sc0 lsee wsf5\">Res<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td></td><td></td><td class=\"t m2 x1c6 h13 y415a ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y415a ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y415c w10c h12b\"><div class=\"t m2 x1ca hf y415b ff5 fs9 fc1 sc0 ls18 ws0\">Fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>24<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x3fd y415e w10d h11e\"><div class=\"t m2 x1ca hf y415d ff3 fs9 fc1 sc0 lsee wsf5\">Note<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"t m2 x1c8 h13 y415f ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y415f ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y4160 w10e h116\"><div class=\"t m2 x1ca hc y4084 ff3 fs6 fc1 sc0 ls112 ws1e\">Institu<span class=\"_ _0\"></span>tional Reti<span class=\"_ _0\"></span>remen<span class=\"_ _0\"></span>t<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x3fe y4160 w10f h116\"><div class=\"t m2 x1ca hc y4084 ff3 fs6 fc1 sc0 ls56 ws55\">2(ii)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3ff y4160 w36 h116\"><div class=\"t m2 x1ca hc y4084 ff6 fs6 fc1 sc0 ls56 ws55\">1,105<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x400 y4160 w30 h117\"><div class=\"t m2 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">1,028<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4161 w110 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls113 ws5b\">Asset Man<span class=\"_ _1\"></span>agement<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x401 y4161 w111 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">2(iii)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x402 y4161 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">401<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x403 y4161 w4b h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">448<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4162 w112 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls112 ws6\">Retail<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x404 y4162 w113 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">2(ii)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x232 y4162 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">504<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x233 y4162 w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">449<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4163 w114 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y4163 w115 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 lsea ws122\">Insurance<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1f8 y4163 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">188<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x406 y4163 w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">139<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4164 w114 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y4164 w116 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls112 ws1e\">Retail Retirem<span class=\"_ _0\"></span>ent<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1f8 y4164 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">316<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x406 y4164 w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">310<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y4165 w117 h126\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Gro<span class=\"_ _0\"></span>up d<span class=\"_ _0\"></span>ebt c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ts</div><div class=\"t m2 x407 h5a y4138 ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x3cb y4166 w3a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(216)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3cc y4166 w3b h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(212)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4167 w118 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls11e ws5c\">Group in<span class=\"_ _1\"></span>vestment<span class=\"_ _1\"></span> projects and<span class=\"_ _1\"></span> expenses<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x408 y4167 w3a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(178)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x409 y4167 w3b h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(182)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4168 w119 h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls11c ws25\">Core operating<span class=\"_ _1\"></span> profit<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x1d2 y4168 w36 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,616<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1d3 y4168 w37 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,531<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4169 w11a h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls113 ws5b\">Corporate<span class=\"_ _1\"></span> Inv<span class=\"_ _1\"></span>estments<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x22f y4169 w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">95<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x20a y4169 w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">136<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40b9 w11b h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws23\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> adjusted operating profit<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x1e9 y40b9 w36 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,711<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1ea y40b9 w30 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,667<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y416a w11c h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">Investment and other<span class=\"_ _1\"></span> variances<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x40a y416a w11d h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">2(iv)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x40b y416a w33 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(1,383)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x40c y416a w34 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(1,577)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y416b w11e h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">Profits/(losses<span class=\"_ _1\"></span>) attributable to non-<span class=\"_ _0\"></span>controlling int<span class=\"_ _1\"></span>erests<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x40d y416b wa8 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x40e y416b w71 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(14)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y416c w11f h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls12e wsca\">Adjusted profit<span class=\"_ _1\"></span> before tax<span class=\"_ _1\"></span> attributable to equity holders<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x40f y416c w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">332<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x410 y416c w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">76<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y416d w56 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws23\">T<span class=\"_ _4\"></span>ax (e<span class=\"_ _1\"></span>xpense<span class=\"_ _1\"></span>)/<span class=\"_ _1\"></span>credit<span class=\"_ _1\"></span> attributa<span class=\"_ _1\"></span>ble t<span class=\"_ _1\"></span>o equity<span class=\"_ _1\"></span> holders<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x201 y416d w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">30<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x202 y416d w3a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(137)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x411 y416d w4b h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">367<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y416e w57 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws0\">Pro<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>it f<span class=\"_ _0\"></span>or t<span class=\"_ _0\"></span>he ye<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x204 y416e w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">195<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x205 y416e w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">443<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y416f w120 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 lsea ws27\">T<span class=\"_ _1\"></span>ota<span class=\"_ _1\"></span>l tax expense/(credit)<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x24e y416f w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">347<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x412 y416f w3b h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(248)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4170 w52 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls12e wsca\">Profit bef<span class=\"_ _1\"></span>ore tax<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x1f8 y4170 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">542<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1f9 y4170 w4b h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">195<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4171 w121 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls12e wsca\">Profit attributable t<span class=\"_ _1\"></span>o equity holders<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x24e y4171 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">191<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x24f y4171 w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">457<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 hb y4172 ff5 fs6 fc1 sc0 ls11c ws25\">Earnings per<span class=\"_ _1\"></span> share:<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1cb y4174 w122 h12c\"><div class=\"t m2 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls11c ws25\">Core (pence<span class=\"_ _1\"></span> per share<span class=\"_ _1\"></span>)</div><div class=\"t m2 x413 h91 y4173 ff5 fs1c fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x213 y4121 w50 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">6<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x414 y4121 w123 h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">20.23<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x415 y4121 w124 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">19.04<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y40ab w125 h11f\"><div class=\"t m2 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls56 ws0\">Ba<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>c (p<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e pe<span class=\"_ _0\"></span>r sh<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>re)</div><div class=\"t m2 x416 h91 y40aa ff5 fs1c fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x213 y4158 w50 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">6<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x214 y4158 w61 h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">2.89<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x215 y4158 w62 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">7.35<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y40ad w126 h11f\"><div class=\"t m2 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls12e wsca\">Diluted (pence<span class=\"_ _1\"></span> per share<span class=\"_ _1\"></span>)</div><div class=\"t m2 x417 h91 y40aa ff5 fs1c fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x213 y40ae w50 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">6<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x214 y40ae w61 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2.86<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x215 y40ae w62 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">7.28<span class=\"_ _3b2\"> </span></div></td></tr></table>1. <span class=\"_ _15\"> </span>Gr<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>p d<span class=\"_ _0\"></span>eb<span class=\"_ _0\"></span>t c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ts e<span class=\"_ _0\"></span>xc<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>de i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>st o<span class=\"_ _0\"></span>n n<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>-<span class=\"_ _3\"></span>re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>e fin<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>2. <span class=\"_ _15\"> </span>Al<span class=\"_ _0\"></span>l ea<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>s pe<span class=\"_ _0\"></span>r s<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>re c<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ul<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns a<span class=\"_ _0\"></span>re b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>n p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>t at<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>e to e<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y ho<span class=\"_ _0\"></span>ld<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>rs o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e C<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>ny.<span class=\"_ _3b2\"> </span>This s<span class=\"_ _0\"></span>upp<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>tar<span class=\"_ _0\"></span>y a<span class=\"_ _0\"></span>djus<span class=\"_ _0\"></span>ted op<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>ting p<span class=\"_ _0\"></span>rofi<span class=\"_ _0\"></span>t infor<span class=\"_ _0\"></span>matio<span class=\"_ _0\"></span>n (one of the G<span class=\"_ _0\"></span>roup<span class=\"_ _0\"></span>\u2019s key per<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>man<span class=\"_ _0\"></span>ce in<span class=\"_ _0\"></span>dic<span class=\"_ _0\"></span>ators) provid<span class=\"_ _0\"></span>es ad<span class=\"_ _0\"></span>diti<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>l anal<span class=\"_ _0\"></span>ysis of the<span class=\"_ _0\"></span> resul<span class=\"_ _0\"></span>ts rep<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d unde<span class=\"_ _0\"></span>r IFR<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>, and the Gr<span class=\"_ _0\"></span>oup be<span class=\"_ _0\"></span>lieve<span class=\"_ _0\"></span>s that it provi<span class=\"_ _0\"></span>des st<span class=\"_ _0\"></span>akeho<span class=\"_ _0\"></span>lde<span class=\"_ _0\"></span>rs wi<span class=\"_ _0\"></span>th usefu<span class=\"_ _0\"></span>l informat<span class=\"_ _0\"></span>ion to enha<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e their un<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>rst<span class=\"_ _0\"></span>andi<span class=\"_ _0\"></span>ng of the<span class=\"_ gsec\"> </span>p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>nce of the bu<span class=\"_ _0\"></span>sine<span class=\"_ _0\"></span>ss in the yea<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>. Core op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ating prof<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t measu<span class=\"_ _0\"></span>res the op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ating p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>nce of the Gro<span class=\"_ _0\"></span>up\u2019s core bu<span class=\"_ _0\"></span>sine<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s, an<span class=\"_ _0\"></span>d is<span class=\"_ gsec\"> </span>the<span class=\"_ _0\"></span>refore cal<span class=\"_ _0\"></span>cul<span class=\"_ _0\"></span>ated as the Grou<span class=\"_ _0\"></span>p\u2019s adjusted op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ating prof<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t excludi<span class=\"_ _0\"></span>ng the adj<span class=\"_ _0\"></span>usted op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ating p<span class=\"_ _0\"></span>rofi<span class=\"_ _0\"></span>t of the Cor<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>rate Investm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts unit<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Adjus<span class=\"_ _0\"></span>ted op<span class=\"_ _0\"></span>erati<span class=\"_ _0\"></span>ng prof<span class=\"_ _0\"></span>it me<span class=\"_ _0\"></span>asure<span class=\"_ _0\"></span>s the pre<span class=\"_ _3\"></span>-ta<span class=\"_ _0\"></span>x resul<span class=\"_ _0\"></span>t excludi<span class=\"_ _0\"></span>ng the im<span class=\"_ _0\"></span>pac<span class=\"_ _0\"></span>t of investme<span class=\"_ _0\"></span>nt volati<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y, econ<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>ic assu<span class=\"_ _0\"></span>mptio<span class=\"_ _0\"></span>n cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>s cause<span class=\"_ _0\"></span>d by cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>s in market co<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns or exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tatio<span class=\"_ _0\"></span>ns and exc<span class=\"_ _0\"></span>eptio<span class=\"_ _0\"></span>nal ite<span class=\"_ _0\"></span>ms. Ad<span class=\"_ _0\"></span>justed o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>atin<span class=\"_ _0\"></span>g profi<span class=\"_ _0\"></span>t for insur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts pri<span class=\"_ _0\"></span>mar<span class=\"_ _0\"></span>ily ref<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>cts th<span class=\"_ _0\"></span>e rele<span class=\"_ _0\"></span>ase of profi<span class=\"_ _0\"></span>t from th<span class=\"_ _0\"></span>e cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>tual se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce mar<span class=\"_ _0\"></span>gin and ris<span class=\"_ _0\"></span>k adjus<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt in the yea<span class=\"_ _0\"></span>r (<span class=\"_ _1\"></span>adjus<span class=\"_ _0\"></span>ted for reinsu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce mis<span class=\"_ _0\"></span>match<span class=\"_ _0\"></span>es), the unwind of the disc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t rate used in the ca<span class=\"_ _0\"></span>lcu<span class=\"_ _0\"></span>latio<span class=\"_ _0\"></span>n of the insur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e liabili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s and inc<span class=\"_ _0\"></span>urr<span class=\"_ _0\"></span>ed exp<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>es that are not dire<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ly at<span class=\"_ _0\"></span>tri<span class=\"_ _0\"></span>but<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e to the insura<span class=\"_ _0\"></span>nce c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>ts.<span class=\"_ _3b2\"> </span>T<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>remove invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t volatilit<span class=\"_ _0\"></span>y, adjusted op<span class=\"_ _0\"></span>erati<span class=\"_ _0\"></span>ng prof<span class=\"_ _0\"></span>it refle<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ts long<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>m expe<span class=\"_ _0\"></span>cted invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t returns on the subs<span class=\"_ _0\"></span>tan<span class=\"_ _0\"></span>tial major<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y of investme<span class=\"_ _0\"></span>nts<span class=\"_ _0\"></span> hel<span class=\"_ _0\"></span>d by the Group, in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>g both trad<span class=\"_ _0\"></span>ed an<span class=\"_ _0\"></span>d priva<span class=\"_ _0\"></span>te market invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts. Fo<span class=\"_ _0\"></span>r the rem<span class=\"_ _0\"></span>aind<span class=\"_ _0\"></span>er of the asse<span class=\"_ _0\"></span>t por<span class=\"_ _3\"></span>tfoli<span class=\"_ _0\"></span>o, inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>ing ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>in ope<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>l busi<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>ses in the A<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t Manag<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent di<span class=\"_ _0\"></span>visio<span class=\"_ _0\"></span>n and<span class=\"_ _0\"></span>, up to its dispos<span class=\"_ _0\"></span>al on 31 Oc<span class=\"_ _0\"></span>tobe<span class=\"_ _0\"></span>r 2024<span class=\"_ _0\"></span>, CA<span class=\"_ _0\"></span>L<span class=\"_ _3\"></span>A Group (H<span class=\"_ _0\"></span>old<span class=\"_ _0\"></span>ings) Limi<span class=\"_ _0\"></span>ted (Cala), no adjustm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts are made to exclud<span class=\"_ _0\"></span>e invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t volatili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y. <span class=\"_ _1\"></span>Th<span class=\"_ _0\"></span>e investm<span class=\"_ _0\"></span>ent ma<span class=\"_ _0\"></span>rgin for insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce bu<span class=\"_ _0\"></span>sine<span class=\"_ _0\"></span>ss the<span class=\"_ _0\"></span>refore ref<span class=\"_ _0\"></span>lec<span class=\"_ _0\"></span>ts the ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cted inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt retur<span class=\"_ _0\"></span>n above<span class=\"_ _0\"></span> the unwin<span class=\"_ _0\"></span>d of the insur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e liabil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y disc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t rate.<span class=\"_ _3b2\"> </span>In line wit<span class=\"_ _0\"></span>h the Gro<span class=\"_ _0\"></span>up\u2019s new strateg<span class=\"_ _0\"></span>y and the se<span class=\"_ _0\"></span>gm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ation c<span class=\"_ _0\"></span>hang<span class=\"_ _0\"></span>es de<span class=\"_ _0\"></span>scr<span class=\"_ _0\"></span>ibe<span class=\"_ _0\"></span>d in Note 1<span class=\"_ _1\"></span>(iii), th<span class=\"_ _0\"></span>e Group has up<span class=\"_ _0\"></span>dated th<span class=\"_ _0\"></span>e appli<span class=\"_ _0\"></span>cati<span class=\"_ _0\"></span>on of its meth<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>olo<span class=\"_ _0\"></span>gy fo<span class=\"_ _0\"></span>r the d<span class=\"_ _0\"></span>eter<span class=\"_ _0\"></span>minati<span class=\"_ _0\"></span>on of ad<span class=\"_ _0\"></span>justed o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ratin<span class=\"_ _0\"></span>g prof<span class=\"_ _0\"></span>it fo<span class=\"_ _0\"></span>r asse<span class=\"_ _0\"></span>ts allo<span class=\"_ _0\"></span>cate<span class=\"_ _0\"></span>d to the As<span class=\"_ _0\"></span>set M<span class=\"_ _0\"></span>anag<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent a<span class=\"_ _0\"></span>nd C<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>rate Invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts seg<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts, in o<span class=\"_ _0\"></span>rder to simp<span class=\"_ _0\"></span>lif<span class=\"_ _0\"></span>y and ha<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>onis<span class=\"_ _0\"></span>e the met<span class=\"_ _0\"></span>hod<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>ogy wi<span class=\"_ _0\"></span>thin th<span class=\"_ _0\"></span>e segm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts. Th<span class=\"_ _0\"></span>is has not had a materi<span class=\"_ _0\"></span>al impa<span class=\"_ _0\"></span>ct on the c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>parat<span class=\"_ _0\"></span>ive adjus<span class=\"_ _0\"></span>ted ope<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>ng prof<span class=\"_ _0\"></span>it of eac<span class=\"_ _0\"></span>h segm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>, and th<span class=\"_ _0\"></span>erefore has n<span class=\"_ _0\"></span>ot led to a restateme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e long<span class=\"_ _3\"></span>-term ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cted inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent retu<span class=\"_ _0\"></span>rn ref<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>cts the b<span class=\"_ _0\"></span>est es<span class=\"_ _0\"></span>timate of the lon<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>-ter<span class=\"_ _0\"></span>m retu<span class=\"_ _0\"></span>rn at the sta<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t of the year, as <span class=\"_ _1\"></span>follows:<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted retur<span class=\"_ _0\"></span>ns for trad<span class=\"_ _0\"></span>ed eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y, comm<span class=\"_ _0\"></span>erc<span class=\"_ _0\"></span>ial pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y and resi<span class=\"_ _0\"></span>den<span class=\"_ _0\"></span>tial pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y (in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>ding lifeti<span class=\"_ _0\"></span>me mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tgag<span class=\"_ _0\"></span>es) are based on mar<span class=\"_ _0\"></span>ket </span>con<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>sus fore<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>sts an<span class=\"_ _0\"></span>d lo<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>term his<span class=\"_ _0\"></span>tori<span class=\"_ _0\"></span>c averag<span class=\"_ _0\"></span>e retu<span class=\"_ _0\"></span>rns ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cted to ap<span class=\"_ _0\"></span>ply t<span class=\"_ _0\"></span>hrou<span class=\"_ _0\"></span>gh th<span class=\"_ _0\"></span>e cycl<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">assu<span class=\"_ _0\"></span>mptio<span class=\"_ _0\"></span>ns for fi<span class=\"_ _0\"></span>xed intere<span class=\"_ _0\"></span>st se<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>itie<span class=\"_ _0\"></span>s meas<span class=\"_ _0\"></span>ured at F<span class=\"_ _3\"></span>V<span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>PL are bas<span class=\"_ _0\"></span>ed on ass<span class=\"_ _0\"></span>et yie<span class=\"_ _0\"></span>lds for the as<span class=\"_ _0\"></span>sets he<span class=\"_ _0\"></span>ld<span class=\"_ _0\"></span>, less an adju<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent for cre<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t risk </span>(assesse<span class=\"_ _0\"></span>d on a best es<span class=\"_ _0\"></span>tima<span class=\"_ _0\"></span>te basis)<span class=\"_ _1\"></span>. Whe<span class=\"_ _0\"></span>re sec<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>itie<span class=\"_ _0\"></span>s are meas<span class=\"_ _0\"></span>ured at am<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ised c<span class=\"_ _0\"></span>ost or F<span class=\"_ _3\"></span>VOC<span class=\"_ _0\"></span>I, the ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cted inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt retu<span class=\"_ _0\"></span>rn co<span class=\"_ _0\"></span>mpr<span class=\"_ _0\"></span>ises<span class=\"_ _0\"></span> interes<span class=\"_ _0\"></span>t inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e on a<span class=\"_ _0\"></span>n ef<span class=\"_ _0\"></span>fecti<span class=\"_ _0\"></span>ve intere<span class=\"_ _0\"></span>st rate bas<span class=\"_ _0\"></span>is<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y dire<span class=\"_ _0\"></span>ct inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nts inc<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>rate invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts in hous<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>, spe<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>list co<span class=\"_ _0\"></span>mm<span class=\"_ _0\"></span>erc<span class=\"_ _0\"></span>ial real est<span class=\"_ _0\"></span>ate, cle<span class=\"_ _0\"></span>an ene<span class=\"_ _0\"></span>rgy, altern<span class=\"_ _0\"></span>ative f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>ce an<span class=\"_ _0\"></span>d finte<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>. </span>Wh<span class=\"_ _0\"></span>ere use<span class=\"_ _0\"></span>d for the deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of adjusted op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ating prof<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t, the lo<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>m expe<span class=\"_ _0\"></span>cted inve<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent retu<span class=\"_ _0\"></span>rn is on avera<span class=\"_ _0\"></span>ge be<span class=\"_ _0\"></span>twe<span class=\"_ _0\"></span>en 10% and 1<span class=\"_ _1\"></span>2%<span class=\"_ _0\"></span>. Rates of return sp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ic to each asse<span class=\"_ _0\"></span>t are deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ed at the po<span class=\"_ _0\"></span>int of unde<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>wr<span class=\"_ _0\"></span>itin<span class=\"_ _0\"></span>g and revi<span class=\"_ _0\"></span>ewed and up<span class=\"_ _0\"></span>dated an<span class=\"_ _0\"></span>nual<span class=\"_ _0\"></span>ly. The rate of return for asse<span class=\"_ _0\"></span>ts bel<span class=\"_ _0\"></span>ong<span class=\"_ _0\"></span>ing to Cor<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>rate Invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts is deter<span class=\"_ _0\"></span>mine<span class=\"_ _0\"></span>d at a por<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>foli<span class=\"_ _0\"></span>o level<span class=\"_ _0\"></span>, and is upd<span class=\"_ _0\"></span>ated annu<span class=\"_ _0\"></span>ally if req<span class=\"_ _0\"></span>uire<span class=\"_ _0\"></span>d. T<span class=\"_ _0\"></span>he exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t retur<span class=\"_ _0\"></span>n inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>es cur<span class=\"_ _0\"></span>rent f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al assum<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>ns as well as sec<span class=\"_ _0\"></span>tor spe<span class=\"_ _0\"></span>cif<span class=\"_ _0\"></span>ic as<span class=\"_ _0\"></span>sum<span class=\"_ _0\"></span>ption<span class=\"_ _0\"></span>s, in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>ding ret<span class=\"_ _0\"></span>ail and co<span class=\"_ _0\"></span>mm<span class=\"_ _0\"></span>erc<span class=\"_ _0\"></span>ial pro<span class=\"_ _0\"></span>per<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>y yiel<span class=\"_ _0\"></span>ds and power pr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>es whe<span class=\"_ _0\"></span>re appro<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>iate.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e long<span class=\"_ _3\"></span>-term ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ctat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s used in de<span class=\"_ _0\"></span>termi<span class=\"_ _0\"></span>ning th<span class=\"_ _0\"></span>e expe<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d investm<span class=\"_ _0\"></span>ent ret<span class=\"_ _0\"></span>urn<span class=\"_ _0\"></span>s for trade<span class=\"_ _0\"></span>d equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y and pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y asse<span class=\"_ _0\"></span>ts are:<span class=\"_ _3b2\"> </span><table class=\"s w127 h12d\" id=\"_e97612cb-0d06-4e9a-b5f3-42a9649dbf4f\"><tr><td></td><td class=\"c n x3cb y4175 w103 h12b\"><div class=\"t m2 x1ca hf y415b ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x418 y4176 w104 h11e\"><div class=\"t m2 x1ca hf y415d ff3 fs9 fc1 sc0 ls29 ws30\">20<span class=\"_ _0\"></span>23<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w128 h116\"><div class=\"t m2 x1ca hc y4084 ff3 fs6 fc1 sc0 ls112 ws1e\">Equit<span class=\"_ _0\"></span>y return<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x419 y4121 w129 h116\"><div class=\"t m2 x1ca hc y4084 ff6 fs6 fc1 sc0 ls56 ws55\">7%<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x41a y4121 w12a h117\"><div class=\"t m2 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">7%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ac w12b h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Commercial<span class=\"_ _1\"></span> property growth<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x41b y40ac w129 h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">5%<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x41c y40ac w12a h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w12c h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Resid<span class=\"_ _1\"></span>ential<span class=\"_ _1\"></span> property growth<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x41d y40ae w12d h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">3.5%<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x41e y40ae w12e h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3.5%<span class=\"_ _3b2\"> </span></div></td></tr></table>Varian<span class=\"_ _0\"></span>ces be<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n actua<span class=\"_ _0\"></span>l and lon<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>-ter<span class=\"_ _0\"></span>m exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t retur<span class=\"_ _0\"></span>ns are exclud<span class=\"_ _0\"></span>ed fro<span class=\"_ _0\"></span>m adjus<span class=\"_ _0\"></span>ted op<span class=\"_ _0\"></span>erati<span class=\"_ _0\"></span>ng prof<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>, as are eco<span class=\"_ _0\"></span>no<span class=\"_ _0\"></span>mic ass<span class=\"_ _0\"></span>ump<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span> cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>s to <span class=\"_ _1\"></span>insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>act lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ties c<span class=\"_ _0\"></span>ause<span class=\"_ _0\"></span>d by moveme<span class=\"_ _0\"></span>nts in mar<span class=\"_ _0\"></span>ket con<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>ions o<span class=\"_ _0\"></span>r expe<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ation<span class=\"_ _0\"></span>s (<span class=\"_ _1\"></span>e.g. c<span class=\"_ _0\"></span>redi<span class=\"_ _0\"></span>t defaul<span class=\"_ _0\"></span>t and inf<span class=\"_ _0\"></span>latio<span class=\"_ _0\"></span>n), and any dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nce b<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n the actu<span class=\"_ _0\"></span>al allo<span class=\"_ _0\"></span>cate<span class=\"_ _0\"></span>d asset mi<span class=\"_ _0\"></span>x and the targ<span class=\"_ _0\"></span>et lo<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>term ass<span class=\"_ _0\"></span>et mix on ne<span class=\"_ _0\"></span>w pens<span class=\"_ _0\"></span>ion ris<span class=\"_ _0\"></span>k trans<span class=\"_ _0\"></span>fer busin<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>. As<span class=\"_ _0\"></span>sets he<span class=\"_ _0\"></span>ld for fut<span class=\"_ _0\"></span>ure<span class=\"_ gsec\"> </span>new p<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>on ris<span class=\"_ _0\"></span>k transfe<span class=\"_ _0\"></span>r busin<span class=\"_ _0\"></span>ess are excl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>d from th<span class=\"_ _0\"></span>e asset p<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>foli<span class=\"_ _0\"></span>o used to deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>e the disc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t rate for annuit<span class=\"_ _0\"></span>ies on ins<span class=\"_ _0\"></span>uran<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span> con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>t liabi<span class=\"_ _0\"></span>liti<span class=\"_ _0\"></span>es. T<span class=\"_ _0\"></span>he imp<span class=\"_ _0\"></span>act of invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt mana<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ent ac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns that opti<span class=\"_ _0\"></span>mise th<span class=\"_ _0\"></span>e yiel<span class=\"_ _0\"></span>d of the assets ba<span class=\"_ _0\"></span>ck<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e back b<span class=\"_ _0\"></span>ook of ann<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts is<span class=\"_ gsec\"> </span>inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>ed wi<span class=\"_ _0\"></span>thin adju<span class=\"_ _0\"></span>sted op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ating pr<span class=\"_ _0\"></span>ofi<span class=\"_ _0\"></span>t.<span class=\"_ _3b2\"> </span>E<span class=\"_ _0\"></span>xce<span class=\"_ _0\"></span>ption<span class=\"_ _0\"></span>al inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e and exp<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>es whic<span class=\"_ _0\"></span>h arise ou<span class=\"_ _0\"></span>tsi<span class=\"_ _0\"></span>de the no<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>al cou<span class=\"_ _0\"></span>rse of busi<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>s in the year, such as acqui<span class=\"_ _0\"></span>siti<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>, disp<span class=\"_ _0\"></span>osals an<span class=\"_ _0\"></span>d star<span class=\"_ _3\"></span>t-<span class=\"_ _0\"></span>up cos<span class=\"_ _0\"></span>ts, are excl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>d from ad<span class=\"_ _0\"></span>justed o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ratin<span class=\"_ _0\"></span>g profi<span class=\"_ _0\"></span>t.<span class=\"_ _3b2\"> </span>(ii) <span class=\"_ _d\"> </span>A<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>lysis of In<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>itut<span class=\"_ _0\"></span>iona<span class=\"_ _0\"></span>l Ret<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>rement and Ret<span class=\"_ _0\"></span>ai<span class=\"_ _3\"></span>l adjusted op<span class=\"_ _0\"></span>erat<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ng prof<span class=\"_ _0\"></span>it<span class=\"_ _3b2\"> </span><table class=\"s w136 h130\" id=\"_6e116ec6-551e-4ec9-b7cf-f34050af19d0\"><tr><td></td><td></td><td></td><td class=\"t m2 x42b hf y417a ff3 fs9 fc1 sc0 lsee wsf5\">Res<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></td><td></td></tr><tr><td></td><td class=\"t m2 x322 h13 y417b ff6 fs9 fc1 sc0 ls115 ws4f\">Institutional<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m2 x42c hf y417b ff3 fs9 fc1 sc0 ls10a ws118\">Institu<span class=\"_ _0\"></span>tional<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x3fc hf y417b ff3 fs9 fc1 sc0 lsee wsf5\">Res<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x42d h13 y417c ff5 fs9 fc1 sc0 ls1b ws1f\">Retire<span class=\"_ _0\"></span>ment<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x42e h13 y417c ff5 fs9 fc1 sc0 ls3c ws11e\">Retail<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x27f hf y417c ff3 fs9 fc1 sc0 ls10a ws118\">Retireme<span class=\"_ _0\"></span>nt<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x42f hf y417c ff3 fs9 fc1 sc0 ls10a ws118\">Retail<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x430 h13 y417d ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x431 h13 y417d ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c6 hf y417d ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y417d ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x432 h13 y417e ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x433 h13 y417e ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 hf y417e ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y417e ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c x1cb y416e w137 h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Am<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>tisa<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of th<span class=\"_ _0\"></span>e C<span class=\"_ _0\"></span>SM i<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e year</div><div class=\"t m2 x434 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x435 y416e w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">650<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x436 y416e w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">469<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x437 y416e w4b h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">591<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x438 y416e w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">446<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y417f w138 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Rel<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>e of ris<span class=\"_ _0\"></span>k adj<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt i<span class=\"_ _0\"></span>n the y<span class=\"_ _0\"></span>ear<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x439 y417f w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">141<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x43a y417f w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">84<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x43b y417f w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">119<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x43c y417f w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">74<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4170 w139 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls11b ws2a\">Experience variances<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x43d y4170 waf h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(10)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x43e y4170 w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">26<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x43f y4170 w71 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(14)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x440 y4170 w71 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(17)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y4180 w13a h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Dev<span class=\"_ _0\"></span>elo<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt of lo<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s on o<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>us co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>ts</div><div class=\"t m2 x441 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x442 y4180 wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x443 y4180 w41 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(10)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x444 y4180 w75 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x445 y4180 w5a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(27)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y4181 w13b h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws23\">Other expen<span class=\"_ _1\"></span>ses</div><div class=\"t m2 x446 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x447 y4182 w3a h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(168)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x448 y4182 w3a h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(136)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x449 y4182 w3b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(160)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x44a y4182 w3b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(121)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y4183 w13c h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Insurance investment margin</div><div class=\"t m2 x44b h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x435 y4183 w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">485<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x436 y4183 w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">106<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x437 y4183 w4b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">486<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x438 y4183 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">122<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4184 w13d h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Investment contracts and non-<span class=\"_ _0\"></span>insurance operating profit<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x44c y4184 wa8 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x44d y4184 w41 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(35)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x44e y4184 w75 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">5<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x44f y4184 w71 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(28)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w13e h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l In<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>al Re<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t and Re<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>il ad<span class=\"_ _0\"></span>ju<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d ope<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>of<span class=\"_ _0\"></span>it<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x450 y40ae w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,105<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x451 y40ae w4a h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">504<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x452 y40ae w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,028<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x453 y40ae w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">449<span class=\"_ _3b2\"> </span></div></td></tr></table>1. <span class=\"_ _15\"> </span>Co<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ua<span class=\"_ _0\"></span>l se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e ma<span class=\"_ _0\"></span>rg<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n (CS<span class=\"_ _0\"></span>M<span class=\"_ _0\"></span>) a<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>sa<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n for R<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>il h<span class=\"_ _0\"></span>as b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n r<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>d by \u00a3<span class=\"_ _0\"></span>18m (2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>: \u00a316m) to e<span class=\"_ _0\"></span>xcl<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>de t<span class=\"_ _0\"></span>he i<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t o<span class=\"_ _0\"></span>f re<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e mi<span class=\"_ _0\"></span>sm<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>. 2. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>De<span class=\"_ _0\"></span>vel<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>pm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt o<span class=\"_ _0\"></span>f lo<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>es o<span class=\"_ _0\"></span>n on<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>us 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<span class=\"_ _0\"></span>s has b<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>en r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>du<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>y \u00a3<span class=\"_ _0\"></span>35<span class=\"_ _0\"></span>m (20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3: \u00a3<span class=\"_ _0\"></span>6m) to r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>ve gr<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>s c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t lo<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>es w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e, n<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t of r<span class=\"_ _0\"></span>ei<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>, th<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>n pr<span class=\"_ _0\"></span>ofi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>e ac<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng l<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s w<span class=\"_ _0\"></span>ill b<span class=\"_ _0\"></span>e p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d as a r<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n to t<span class=\"_ _0\"></span>he C<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>M a<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n in f<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>re p<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>s.<span class=\"_ _3b2\"> </span>3. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>re n<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ib<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>e ex<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s on b<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>th n<span class=\"_ _0\"></span>ew b<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ss a<span class=\"_ _0\"></span>nd e<span class=\"_ _0\"></span>xi<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g b<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>e ar<span class=\"_ _0\"></span>e ove<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>ad c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s w<span class=\"_ _0\"></span>hi<span class=\"_ _0\"></span>ch a<span class=\"_ _0\"></span>re n<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>t all<span class=\"_ _0\"></span>ow<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>or i<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e C<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>M or t<span class=\"_ _0\"></span>he b<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>st e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>te lia<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y u<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>t c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t 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>n<span class=\"_ _0\"></span>s, a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d in<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>d ar<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>ted w<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>in t<span class=\"_ _0\"></span>he C<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d I<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>me S<span class=\"_ _3\"></span>tat<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt a<span class=\"_ _0\"></span>s pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>ofi<span class=\"_ _0\"></span>t o<span class=\"_ _0\"></span>r lo<span class=\"_ _0\"></span>ss f<span class=\"_ _0\"></span>or t<span class=\"_ _0\"></span>he y<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>r.<span class=\"_ _3b2\"> </span>4. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>In<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ce i<span class=\"_ _0\"></span>nve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt m<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>n c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s 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 i<span class=\"_ _0\"></span>nve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t re<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>n o<span class=\"_ _0\"></span>n as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts b<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g i<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t l<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>bi<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, t<span class=\"_ _0\"></span>he u<span class=\"_ _0\"></span>nw<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>d of t<span class=\"_ _0\"></span>he d<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>nt r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te on i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ce c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t lia<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d th<span class=\"_ _0\"></span>e o<span class=\"_ _0\"></span>pt<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n of th<span class=\"_ _0\"></span>e as<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s ba<span class=\"_ _0\"></span>ck<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ng t<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y ba<span class=\"_ _0\"></span>ck b<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ok<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ce i<span class=\"_ _0\"></span>nve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t m<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>n al<span class=\"_ _0\"></span>so i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>e im<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t of t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ge i<span class=\"_ _0\"></span>n se<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on (see<span class=\"_ gs4cd\"> </span>N<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>te<span class=\"_ gs4cd\"> </span>2(v)).<span class=\"_ _3b2\"> </span>(iii) <span class=\"_ _20\"> </span>As<span class=\"_ _0\"></span>set Ma<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>agement adjusted op<span class=\"_ _0\"></span>erat<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ng prof<span class=\"_ _0\"></span>it<span class=\"_ _3b2\"> </span><table class=\"s w12f h12e\" id=\"_54e2a25e-00e9-4891-8bb4-d3f0b7951c25\"><tr><td></td><td></td><td class=\"t m2 x3fc hf y4177 ff3 fs9 fc1 sc0 lsee wsf5\">Res<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ted<span class=\"_ _0\"></span><span class=\"ls1 ws0\"> </span></td></tr><tr><td></td><td class=\"t m2 x1c6 h13 y4178 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"ls1 ws0\"> </span></td><td class=\"t m2 x1c7 hf y4178 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"ls1 ws0\"> </span></td></tr><tr><td></td><td class=\"t m2 x1c8 h13 y4179 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y4179 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c x1cb y40c0 w130 h12f\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Man<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent fe<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>ven<span class=\"_ _0\"></span>ue (exclu<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>ng th<span class=\"_ _0\"></span>ird<span class=\"_ _0\"></span>-<span class=\"_ _3\"></span>par<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y m<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ket dat<span class=\"_ _0\"></span>a)</div><div class=\"t m2 x41f hbc y408c ff4 fs1c fc1 sc0 ls194 ws1ba\">1,<span class=\"_ _0\"></span>2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x420 y40c0 w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">947<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x421 y40c0 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">900<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y40c1 w131 h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">T<span class=\"_ _1\"></span>ransactional<span class=\"_ _1\"></span> revenue</div><div class=\"t m2 x422 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x423 y40c1 w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">20<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x424 y40c1 w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">26<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y40c2 w132 h12f\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ses (excl<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>hir<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y ma<span class=\"_ _0\"></span>rket d<span class=\"_ _0\"></span>ata)</div><div class=\"t m2 x425 hbc y408c ff4 fs1c fc1 sc0 ls194 ws1ba\">1,<span class=\"_ _0\"></span>2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3cb y40c2 w3a h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(711)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3cc y40c2 w3b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(658)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w133 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Operating profit from fee-<span class=\"_ _0\"></span>related earnings<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x426 y4121 w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">256<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x427 y4121 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">268<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y4158 w134 h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>atin<span class=\"_ _0\"></span>g pr<span class=\"_ _0\"></span>ofi<span class=\"_ _0\"></span>t fr<span class=\"_ _0\"></span>om ba<span class=\"_ _0\"></span>lan<span class=\"_ _0\"></span>ce s<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>et i<span class=\"_ _0\"></span>nves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts</div><div class=\"t m2 x428 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x420 y4158 w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">145<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x421 y4158 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">180<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w135 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls12e wsca\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> Asset Management<span class=\"_ _1\"></span> adjusted operating profit<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x429 y40ae w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">401<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x42a y40ae w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">448<span class=\"_ _3b2\"> </span></div></td></tr></table>1. <span class=\"_ _15\"> </span>As<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t M<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t rev<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>e ha<span class=\"_ _0\"></span>s be<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n pr<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nte<span class=\"_ _0\"></span>d n<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t of co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ts o<span class=\"_ _0\"></span>f \u00a33<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>m i<span class=\"_ _0\"></span>n re<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on t<span class=\"_ _0\"></span>o th<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n of th<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>rd<span class=\"_ _0\"></span>-<span class=\"_ _3\"></span>par<span class=\"_ _3\"></span>ty m<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ke<span class=\"_ _0\"></span>t d<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>a (20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3: \u00a3<span class=\"_ _0\"></span>26<span class=\"_ _0\"></span>m).<span class=\"_ _3b2\"> </span>2<span class=\"_ _0\"></span>. <span class=\"_ _5\"> </span> <span class=\"_ _1c\"></span>Ass<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t Man<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t reve<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ue a<span class=\"_ _0\"></span>nd ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s inc<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>e the in<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t man<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t ac<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s tha<span class=\"_ _0\"></span>t the di<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>isi<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n und<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ake<span class=\"_ _0\"></span>s on be<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>lf of ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r Gr<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>p bu<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s. As in<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed in th<span class=\"_ _0\"></span>e se<span class=\"_ _0\"></span>gm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span> rev<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>e dis<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d in Not<span class=\"_ _0\"></span>e 2(v), th<span class=\"_ _0\"></span>e rev<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ue a<span class=\"_ _0\"></span>nd ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s for th<span class=\"_ _0\"></span>e mos<span class=\"_ _0\"></span>t si<span class=\"_ _0\"></span>gn<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>fic<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nt po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n of the<span class=\"_ _0\"></span>se a<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, pr<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>ly u<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ke<span class=\"_ _0\"></span>n by the LG<span class=\"_ _0\"></span>IM d<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n pr<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>r to the 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>e in Ju<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span> 20<span class=\"_ _0\"></span>24<span class=\"_ _0\"></span>, ar<span class=\"_ _0\"></span>e in<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d in the a<span class=\"_ _0\"></span>bo<span class=\"_ _0\"></span>ve tab<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>e on a gro<span class=\"_ _0\"></span>ss bas<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>. An<span class=\"_ _0\"></span>y add<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>al 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>rov<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d by As<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t Ma<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t to oth<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r bus<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, no<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>y th<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>e inh<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d fr<span class=\"_ _0\"></span>om th<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>us LG<span class=\"_ _0\"></span>C div<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>, ar<span class=\"_ _0\"></span>e eli<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e ab<span class=\"_ _0\"></span>ove an<span class=\"_ _0\"></span>d seg<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>al di<span class=\"_ _0\"></span>sc<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>es 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 on a ne<span class=\"_ _0\"></span>t bas<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>. Pri<span class=\"_ _0\"></span>or ye<span class=\"_ _0\"></span>ar c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ive<span class=\"_ _0\"></span>s have b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n ad<span class=\"_ _0\"></span>ju<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ted to be o<span class=\"_ _0\"></span>n a con<span class=\"_ _0\"></span>sis<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t bas<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>3. <span class=\"_ _15\"> </span>T<span class=\"_ _1\"></span>ra<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>l re<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>e fr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>m ex<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>l cl<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ts i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s exe<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n fe<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, as<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>et t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>, t<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>gg<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r fe<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, a<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t fee<span class=\"_ _0\"></span>s o<span class=\"_ _0\"></span>n pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></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>t<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns a<span class=\"_ _0\"></span>nd p<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e fe<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>4. <span class=\"_ _15\"> </span>Ea<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>s fr<span class=\"_ _0\"></span>om b<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e sh<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>et i<span class=\"_ _0\"></span>nve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s ac<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>s sp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ali<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t co<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>al r<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>l es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>, c<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>an e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>y, ho<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g a<span class=\"_ _0\"></span>nd a<span class=\"_ _0\"></span>lt<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ive fi<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>(iv<span class=\"_ _4\"></span>) <span class=\"_ _c\"> </span>I<span class=\"_ _0\"></span>nvest<span class=\"_ _0\"></span>ment and other v<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ance<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span><table class=\"s w13f h131\" id=\"_4daa1ba1-8a9f-46b9-8811-7f598f5e19d0\"><tr><td></td><td></td><td></td><td class=\"t m2 x3fc hf y4185 ff3 fs9 fc1 sc0 lsee wsf5\">Res<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td></td><td class=\"t m2 x1c6 h13 y4186 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y4186 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td></td><td class=\"t m2 x1c8 h13 y4187 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y4187 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 hb y4188 ff6 fs6 fc1 sc0 ls56 ws55\">In<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>al Re<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t and Re<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4189 w114 h116\"><div class=\"t m2 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y4189 w140 h116\"><div class=\"t m2 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls56 ws0\">Ne<span class=\"_ _0\"></span>t imp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t of inve<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt ret<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ns le<span class=\"_ _0\"></span>ss t<span class=\"_ _0\"></span>han ex<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tati<span class=\"_ _0\"></span>on a<span class=\"_ _0\"></span>nd c<span class=\"_ _0\"></span>han<span class=\"_ _0\"></span>ge i<span class=\"_ _0\"></span>n lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y dis<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>t rates<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x454 y4189 w3a h116\"><div class=\"t m2 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls56 ws55\">(711)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x455 y4189 w3b h116\"><div class=\"t m2 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls56 ws55\">(720)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y417f w114 h116\"><div class=\"t m2 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y417f w141 h116\"><div class=\"t m2 x1ca h1a y40b1 ff3 fs6 fc1 sc0 lsea ws122\">Othe<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x21b y417f w41 h116\"><div class=\"t m2 x1ca h1a y40b1 ff5 fs6 fc1 sc0 ls56 ws55\">(53)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x21c y417f w6a h116\"><div class=\"t m2 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls56 ws55\">(6)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y418b w142 h132\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l In<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>al Re<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t and Re<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>il in<span class=\"_ _0\"></span>ves<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt va<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce</div><div class=\"t m2 x456 h91 y418a ff5 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x3cb y418c w3a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(764)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3cc y418c w3b h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(726)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4180 w143 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Asset Manageme<span class=\"_ _0\"></span>nt investment v<span class=\"_ _1\"></span>ariance<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x221 y4180 w3a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(187)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x457 y4180 w3b h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(123)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y4182 w144 h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Other investment variance</div><div class=\"t m2 x458 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x3cb y4182 w3a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(285)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3cc y4182 w3b h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(529)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w145 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">Inve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt var<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ce<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x3c0 y4121 w33 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(1,236)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3bb y4121 w34 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(1,378)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y4122 w146 h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">M&amp;<span class=\"_ _3\"></span>A rel<span class=\"_ _0\"></span>ated an<span class=\"_ _0\"></span>d oth<span class=\"_ _0\"></span>er v<span class=\"_ _0\"></span>ari<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>s</div><div class=\"t m2 x459 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x3cb y4122 w3a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(147)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3cc y4122 w3b h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(199)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w147 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l inve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t an<span class=\"_ _0\"></span>d oth<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r vari<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x40b y40ae w33 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(1,383)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x40c y40ae w34 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(1,577)<span class=\"_ _3b2\"> </span></div></td></tr></table>1. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>Th<span class=\"_ _0\"></span>e in<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t va<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e fo<span class=\"_ _0\"></span>r In<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>al R<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>tir<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t an<span class=\"_ _0\"></span>d Re<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>l is d<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>n by i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s in i<span class=\"_ _0\"></span>nt<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>es a<span class=\"_ _0\"></span>nd i<span class=\"_ _0\"></span>nfl<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>s, i<span class=\"_ _0\"></span>n li<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>e wi<span class=\"_ _0\"></span>th o<span class=\"_ _0\"></span>ur y<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>r e<span class=\"_ _0\"></span>nd s<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>si<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=\"_ _0\"></span>, as we<span class=\"_ _0\"></span>ll a<span class=\"_ _0\"></span>s no<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ng I<span class=\"_ _0\"></span>F<span class=\"_ _0\"></span>RS 17 mo<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>ng r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>fin<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ts i<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e fir<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t ha<span class=\"_ _0\"></span>lf o<span class=\"_ _0\"></span>f 20<span class=\"_ _0\"></span>24 a<span class=\"_ _0\"></span>nd a<span class=\"_ _0\"></span>n a<span class=\"_ _0\"></span>dve<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>se a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g mi<span class=\"_ _0\"></span>sm<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ch f<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>m 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>el<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s in t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e se<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d ha<span class=\"_ _0\"></span>lf of t<span class=\"_ _0\"></span>he y<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>r.<span class=\"_ _3b2\"> </span>2. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er i<span class=\"_ _0\"></span>nve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt v<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>es a \u00a3<span class=\"_ _0\"></span>11<span class=\"_ _1\"></span>0m v<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>ua<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on w<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>e dow<span class=\"_ _0\"></span>n of S<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y F<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e. I<span class=\"_ _0\"></span>n 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3, i<span class=\"_ _0\"></span>t i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>es t<span class=\"_ _0\"></span>he \u00a3<span class=\"_ _0\"></span>167m one<span class=\"_ _3\"></span>-<span class=\"_ _0\"></span>of<span class=\"_ _0\"></span>f s<span class=\"_ _0\"></span>et<span class=\"_ _3\"></span>tle<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t as<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d wi<span class=\"_ _0\"></span>th t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e bu<span class=\"_ _0\"></span>yo<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>t of th<span class=\"_ _0\"></span>e Gr<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>p\u2019s U<span class=\"_ _0\"></span>K d<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d be<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>t p<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n sc<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g wi<span class=\"_ _0\"></span>th t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>nd n<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t in<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>e u<span class=\"_ _0\"></span>p un<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>l th<span class=\"_ _0\"></span>at t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>3. <span class=\"_ _15\"> </span>M&amp;<span class=\"_ _3\"></span>A re<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d an<span class=\"_ _0\"></span>d ot<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>er v<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s in<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>s \u00a3<span class=\"_ _0\"></span>99<span class=\"_ _0\"></span>m i<span class=\"_ _0\"></span>n re<span class=\"_ _0\"></span>sp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ct o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e di<span class=\"_ _0\"></span>sp<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>sa<span class=\"_ _0\"></span>l of Ca<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t varia<span class=\"_ _0\"></span>nce in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>des dif<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>ces be<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n actua<span class=\"_ _0\"></span>l and lon<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>-ter<span class=\"_ _0\"></span>m exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t retur<span class=\"_ _0\"></span>n on trad<span class=\"_ _0\"></span>ed and no<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>trad<span class=\"_ _0\"></span>ed ass<span class=\"_ _0\"></span>ets<span class=\"_ _0\"></span>, the imp<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span> of eco<span class=\"_ _0\"></span>no<span class=\"_ _0\"></span>mic assu<span class=\"_ _0\"></span>mpti<span class=\"_ _0\"></span>on ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>es caus<span class=\"_ _0\"></span>ed by cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>s in market co<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns or exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tatio<span class=\"_ _0\"></span>ns (e.g. cred<span class=\"_ _0\"></span>it defau<span class=\"_ _0\"></span>lt and inf<span class=\"_ _0\"></span>lati<span class=\"_ _0\"></span>on), the impa<span class=\"_ _0\"></span>ct of any dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nce be<span class=\"_ _0\"></span>twe<span class=\"_ _0\"></span>en the act<span class=\"_ _0\"></span>ual allo<span class=\"_ _0\"></span>cated asse<span class=\"_ _0\"></span>t mix and the target lo<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>term asse<span class=\"_ _0\"></span>t mix on new pensio<span class=\"_ _0\"></span>n risk transfe<span class=\"_ _0\"></span>r busine<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>, and the yield asso<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>ted with ass<span class=\"_ _0\"></span>ets he<span class=\"_ _0\"></span>ld for futu<span class=\"_ _0\"></span>re new pe<span class=\"_ _0\"></span>nsio<span class=\"_ _0\"></span>n risk tr<span class=\"_ _0\"></span>ansfer bu<span class=\"_ _0\"></span>sine<span class=\"_ _0\"></span>ss. N<span class=\"_ _0\"></span>ote 2(i) incl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>s detai<span class=\"_ _0\"></span>ls aroun<span class=\"_ _0\"></span>d the dete<span class=\"_ _0\"></span>rmi<span class=\"_ _0\"></span>natio<span class=\"_ _0\"></span>n of the long<span class=\"_ _3\"></span>-term ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cted<span class=\"_ _0\"></span> invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t retur<span class=\"_ _0\"></span>n in the cal<span class=\"_ _0\"></span>culat<span class=\"_ _0\"></span>ion of adjus<span class=\"_ _0\"></span>ted op<span class=\"_ _0\"></span>erati<span class=\"_ _0\"></span>ng prof<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>For th<span class=\"_ _0\"></span>e Group\u2019s lon<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>-te<span class=\"_ _0\"></span>rm insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce bu<span class=\"_ _0\"></span>sine<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s, rein<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e mismatc<span class=\"_ _0\"></span>hes ca<span class=\"_ _0\"></span>n arise wh<span class=\"_ _0\"></span>ere th<span class=\"_ _0\"></span>e reinsu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce of<span class=\"_ _0\"></span>fset ru<span class=\"_ _0\"></span>les in IF<span class=\"_ _0\"></span>RS 17 <span class=\"_ _1\"></span>do not ref<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>ct mana<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t\u2019s view of the ne<span class=\"_ _0\"></span>t of reinsur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e trans<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>. In par<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>cul<span class=\"_ _0\"></span>ar, <span class=\"_ _1\"></span>dur<span class=\"_ _0\"></span>ing a year of reins<span class=\"_ _0\"></span>uran<span class=\"_ _0\"></span>ce re<span class=\"_ _0\"></span>neg<span class=\"_ _0\"></span>otiati<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>, reinsu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce gai<span class=\"_ _0\"></span>ns can<span class=\"_ _0\"></span>not be<span class=\"_ _0\"></span> rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d to <span class=\"_ _1\"></span>of<span class=\"_ _0\"></span>fset any inc<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>tion lo<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s on the und<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>lyi<span class=\"_ _0\"></span>ng co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts whe<span class=\"_ _0\"></span>re they are re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed befo<span class=\"_ _0\"></span>re the new rein<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e agre<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent is sign<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>. In thes<span class=\"_ _0\"></span>e circu<span class=\"_ _0\"></span>mst<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, the one<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>s cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t loss<span class=\"_ _0\"></span>es are redu<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>d to refle<span class=\"_ _0\"></span>ct the ne<span class=\"_ _0\"></span>t loss (if any) af<span class=\"_ _0\"></span>ter reins<span class=\"_ _0\"></span>uran<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>, and fu<span class=\"_ _0\"></span>ture co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>actu<span class=\"_ _0\"></span>al ser<span class=\"_ _3\"></span>vice<span class=\"_ _0\"></span> margi<span class=\"_ _0\"></span>n (CS<span class=\"_ _0\"></span>M) amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n is reduc<span class=\"_ _0\"></span>ed over th<span class=\"_ _0\"></span>e durati<span class=\"_ _0\"></span>on of the co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts<span class=\"_ _0\"></span>. Addi<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>ally, in some ci<span class=\"_ _0\"></span>rcum<span class=\"_ _0\"></span>sta<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>es, pr<span class=\"_ _0\"></span>ofi<span class=\"_ _0\"></span>tabl<span class=\"_ _0\"></span>e reins<span class=\"_ _0\"></span>uran<span class=\"_ _0\"></span>ce do<span class=\"_ _0\"></span>es not<span class=\"_ _0\"></span> miti<span class=\"_ _0\"></span>gate one<span class=\"_ _0\"></span>rous lo<span class=\"_ _0\"></span>sses o<span class=\"_ _0\"></span>n gross co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>acts wh<span class=\"_ _0\"></span>ilst the n<span class=\"_ _0\"></span>et posi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n remai<span class=\"_ _0\"></span>ns prof<span class=\"_ _0\"></span>ita<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span>. Whe<span class=\"_ _0\"></span>re this is the cas<span class=\"_ _0\"></span>e, on<span class=\"_ _0\"></span>erou<span class=\"_ _0\"></span>s con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>t prof<span class=\"_ _0\"></span>its or lo<span class=\"_ _0\"></span>sses<span class=\"_ _0\"></span> are also pres<span class=\"_ _0\"></span>ented b<span class=\"_ _0\"></span>elow ad<span class=\"_ _0\"></span>justed o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>atin<span class=\"_ _0\"></span>g profi<span class=\"_ _0\"></span>t and the C<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>M amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n is adjusted over th<span class=\"_ _0\"></span>e remai<span class=\"_ _0\"></span>ning du<span class=\"_ _0\"></span>ratio<span class=\"_ _0\"></span>n of the con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts.<span class=\"_ _3b2\"> </span>Chan<span class=\"_ _0\"></span>ges in n<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial ass<span class=\"_ _0\"></span>umpti<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>, inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>ing lo<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>vit<span class=\"_ _0\"></span>y, recal<span class=\"_ _0\"></span>ibr<span class=\"_ _0\"></span>ate the CS<span class=\"_ _0\"></span>M at loc<span class=\"_ _0\"></span>ked<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>, poi<span class=\"_ _0\"></span>nt-<span class=\"_ _0\"></span>of-<span class=\"_ _0\"></span>sal<span class=\"_ _0\"></span>e disco<span class=\"_ _0\"></span>unt rates<span class=\"_ _0\"></span>, whils<span class=\"_ _0\"></span>t the fulf<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t cash<span class=\"_ _0\"></span> fl<span class=\"_ _0\"></span>ows <span class=\"_ _1\"></span>cha<span class=\"_ _0\"></span>nge at the <span class=\"_ _1\"></span>cur<span class=\"_ _0\"></span>rent disc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t rate. <span class=\"_ _1\"></span>This creates a <span class=\"_ _1\"></span>com<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>nen<span class=\"_ _0\"></span>t of <span class=\"_ _1\"></span>investme<span class=\"_ _0\"></span>nt varian<span class=\"_ _0\"></span>ce refle<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ing the differe<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e betwe<span class=\"_ _0\"></span>en thes<span class=\"_ _0\"></span>e bases. Investm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span> vari<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e for Insti<span class=\"_ _0\"></span>tuti<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>l Retirem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t and Retail in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>des \u00a3<span class=\"_ _0\"></span>79<span class=\"_ _0\"></span>m expe<span class=\"_ _0\"></span>nse (20<span class=\"_ _0\"></span>23: \u00a3<span class=\"_ _0\"></span>318m expe<span class=\"_ _0\"></span>nse) arising fr<span class=\"_ _0\"></span>om intere<span class=\"_ _0\"></span>st rate dif<span class=\"_ _0\"></span>feren<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>s on lon<span class=\"_ _0\"></span>gevi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y assu<span class=\"_ _0\"></span>mptio<span class=\"_ _0\"></span>n cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>s in the per<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d. M&amp;<span class=\"_ _3\"></span>A related and oth<span class=\"_ _0\"></span>er var<span class=\"_ _0\"></span>ianc<span class=\"_ _0\"></span>es in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>des gai<span class=\"_ _0\"></span>ns and los<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>, exp<span class=\"_ _0\"></span>ense<span class=\"_ _0\"></span>s and inta<span class=\"_ _0\"></span>ngi<span class=\"_ _0\"></span>ble am<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>isatio<span class=\"_ _0\"></span>n relati<span class=\"_ _0\"></span>ng to acquisi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>, dispo<span class=\"_ _0\"></span>sals an<span class=\"_ _0\"></span>d restr<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>tur<span class=\"_ _0\"></span>ing as well as busi<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>s star<span class=\"_ _3\"></span>t-<span class=\"_ _0\"></span>up cos<span class=\"_ _0\"></span>ts.<span class=\"_ _0\"></span> (<span class=\"_ _1\"></span>v<span class=\"_ _1\"></span>) <span class=\"_ _bd\"> </span>Seg<span class=\"_ _0\"></span>menta<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> an<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>lys<span class=\"_ _0\"></span>is<span class=\"_ _3b2\"> </span>Foll<span class=\"_ _0\"></span>owing th<span class=\"_ _0\"></span>e anno<span class=\"_ _0\"></span>unc<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent of the Gro<span class=\"_ _0\"></span>up\u2019s refresh<span class=\"_ _0\"></span>ed st<span class=\"_ _0\"></span>rateg<span class=\"_ _0\"></span>y in 2024<span class=\"_ _0\"></span>, and the ass<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>iated bus<span class=\"_ _0\"></span>ines<span class=\"_ _0\"></span>s mod<span class=\"_ _0\"></span>el revis<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>, the Gro<span class=\"_ _0\"></span>up now has f<span class=\"_ _0\"></span>ive rep<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e segm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s, co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>risin<span class=\"_ _0\"></span>g Insti<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>al Retire<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt, A<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t Manag<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>, Insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>, Retail Reti<span class=\"_ _0\"></span>rem<span class=\"_ _0\"></span>ent and C<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>rate Investm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts. Fur<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er<span class=\"_ gsec\"> </span>info<span class=\"_ _0\"></span>rmat<span class=\"_ _0\"></span>ion on th<span class=\"_ _0\"></span>e chan<span class=\"_ _0\"></span>ge is set ou<span class=\"_ _0\"></span>t in Note 1<span class=\"_ _1\"></span>(iii).<span class=\"_ _3b2\"> </span>Grou<span class=\"_ _0\"></span>p expe<span class=\"_ _0\"></span>nse<span class=\"_ _0\"></span>s, de<span class=\"_ _0\"></span>bt cos<span class=\"_ _0\"></span>ts and ass<span class=\"_ _0\"></span>ets hel<span class=\"_ _0\"></span>d cen<span class=\"_ _0\"></span>trall<span class=\"_ _0\"></span>y are repo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ted se<span class=\"_ _0\"></span>par<span class=\"_ _0\"></span>ately. T<span class=\"_ _4\"></span>ran<span class=\"_ _0\"></span>sac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en seg<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts are on no<span class=\"_ _0\"></span>rma<span class=\"_ _0\"></span>l com<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>rcial ter<span class=\"_ _0\"></span>ms and are inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>ed wi<span class=\"_ _0\"></span>thin th<span class=\"_ _0\"></span>e repo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ted se<span class=\"_ _0\"></span>gme<span class=\"_ _0\"></span>nts<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>In the UK<span class=\"_ _0\"></span>, annui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y liabili<span class=\"_ _0\"></span>ties relat<span class=\"_ _0\"></span>ing to Institu<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>al Retire<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t and Retail Retire<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t are backed by a <span class=\"_ _1\"></span>singl<span class=\"_ _0\"></span>e por<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>foli<span class=\"_ _0\"></span>o of <span class=\"_ _1\"></span>assets<span class=\"_ _0\"></span>, and onc<span class=\"_ _0\"></span>e a transac<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span> has be<span class=\"_ _0\"></span>en co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>leted th<span class=\"_ _0\"></span>e assets re<span class=\"_ _0\"></span>latin<span class=\"_ _0\"></span>g to any <span class=\"_ _1\"></span>par<span class=\"_ _3\"></span>ticul<span class=\"_ _0\"></span>ar tran<span class=\"_ _0\"></span>sac<span class=\"_ _0\"></span>tion are n<span class=\"_ _0\"></span>ot tracke<span class=\"_ _0\"></span>d to the related liabi<span class=\"_ _0\"></span>liti<span class=\"_ _0\"></span>es. Inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt vari<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e is alloc<span class=\"_ _0\"></span>ated to the t<span class=\"_ _0\"></span>wo busin<span class=\"_ _0\"></span>ess se<span class=\"_ _0\"></span>gme<span class=\"_ _0\"></span>nts bas<span class=\"_ _0\"></span>ed on the re<span class=\"_ _0\"></span>lative size of the und<span class=\"_ _0\"></span>erl<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>ct liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>. Rep<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ing of asset<span class=\"_ _0\"></span>s and liabil<span class=\"_ _0\"></span>itie<span class=\"_ _0\"></span>s by repo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tab<span class=\"_ _0\"></span>le se<span class=\"_ _0\"></span>gme<span class=\"_ _0\"></span>nt has not be<span class=\"_ _0\"></span>en in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d, as this is not infor<span class=\"_ _0\"></span>matio<span class=\"_ _0\"></span>n that is provid<span class=\"_ _0\"></span>ed to key decisi<span class=\"_ _0\"></span>on make<span class=\"_ _0\"></span>rs on a regula<span class=\"_ _0\"></span>r basis. T<span class=\"_ _0\"></span>he Grou<span class=\"_ _0\"></span>p\u2019s assets and liabil<span class=\"_ _0\"></span>itie<span class=\"_ _0\"></span>s are manag<span class=\"_ _0\"></span>ed on a legal en<span class=\"_ _0\"></span>tit<span class=\"_ _0\"></span>y rath<span class=\"_ _0\"></span>er than a seg<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t basis, in line wi<span class=\"_ _0\"></span>th regul<span class=\"_ _0\"></span>ator<span class=\"_ _0\"></span>y req<span class=\"_ _0\"></span>uire<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts.<span class=\"_ _0\"></span> Fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial inform<span class=\"_ _0\"></span>ation on the rep<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>table se<span class=\"_ _0\"></span>gme<span class=\"_ _0\"></span>nts is fur<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er broken down whe<span class=\"_ _0\"></span>re releva<span class=\"_ _0\"></span>nt in order to <span class=\"_ _1\"></span>be<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ter explain the dr<span class=\"_ _0\"></span>iver<span class=\"_ _0\"></span>s of <span class=\"_ _1\"></span>the Grou<span class=\"_ _0\"></span>p\u2019s <span class=\"_ _1\"></span>resu<span class=\"_ _0\"></span>lts<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>(<span class=\"_ _1\"></span>a) <span class=\"_ _8\"> </span>P<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>of<span class=\"_ _0\"></span>it/(los<span class=\"_ _0\"></span>s<span class=\"_ _1\"></span>) for the ye<span class=\"_ _0\"></span>ar<span class=\"_ _3b2\"> </span><table class=\"s w148 h133\" id=\"_043b48a6-6273-4b2b-8c25-7f3c504e37ef\"><tr><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"t m2 x45a h13 y418d ff5 fs9 fc1 sc0 ls3d ws131\">Group </td><td></td></tr><tr><td></td><td class=\"t m2 x45b h13 y418e ff6 fs9 fc1 sc0 ls115 ws4f\">Institutional<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x45c h13 y418e ff5 fs9 fc1 sc0 ls3d ws131\">Asset<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m2 x45d h13 y418e ff5 fs9 fc1 sc0 ls3c ws11e\">Retail<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x45e h13 y418e ff5 fs9 fc1 sc0 ls14a ws164\">Corporate<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x288 h13 y418e ff5 fs9 fc1 sc0 ls1 ws16\">expenses and </td><td></td></tr><tr><td></td><td class=\"t m2 x45f h13 y418f ff5 fs9 fc1 sc0 ls1b ws1f\">Retire<span class=\"_ _0\"></span>ment<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x460 h13 y418f ff5 fs9 fc1 sc0 ls3d ws131\">Management<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x26a h13 y418f ff6 fs9 fc1 sc0 ls37 ws7\">Insurance<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x461 h13 y418f ff5 fs9 fc1 sc0 ls1b ws1f\">Retire<span class=\"_ _0\"></span>ment<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x462 h13 y418f ff6 fs9 fc1 sc0 ls2c ws34\">Inve<span class=\"_ _1\"></span>stments<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x463 h13 y418f ff5 fs9 fc1 sc0 ls18 ws0\">de<span class=\"_ _0\"></span>bt c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 h13 y418f ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 h13 y4190 ff5 fs9 fc1 sc0 ls18 ws0\">Fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>24<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x321 h13 y4190 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x464 h13 y4190 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x432 h13 y4190 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x465 h13 y4190 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x466 h13 y4190 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x467 h13 y4190 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 h13 y4190 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y40c0 w149 h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls113 ws5b\">Adjusted operating profit/(loss<span class=\"_ _1\"></span>)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x468 y40c0 w36 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">1,105<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x469 y40c0 w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">401<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x46a y40c0 w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">188<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x46b y40c0 w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">316<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x46c y40c0 w7b h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">95<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x46d y40c0 w3a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">(394)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x46e y40c0 w36 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">1,711<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4191 w11c h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Investment and other<span class=\"_ _1\"></span> variances<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x46f y4191 w3a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(557)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x470 y4191 w3a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(190)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x471 y4191 waf h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(52)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x472 y4191 w3a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(155)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x473 y4191 w3a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(388)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x474 y4191 w41 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(41)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x475 y4191 w33 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(1,383)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4192 w14a h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls11e ws5c\">Profits a<span class=\"_ _1\"></span>ttributable to<span class=\"_ _1\"></span> non-<span class=\"_ _0\"></span>controlling in<span class=\"_ _1\"></span>terest<span class=\"_ _1\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x476 y4192 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x477 y4192 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x478 y4192 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x479 y4192 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x47a y4192 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x47b y4192 w59 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x47c y4192 wa8 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4193 w14b h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls12e wsca\">Profit/(loss<span class=\"_ _1\"></span>)<span class=\"_ _1\"></span> before tax<span class=\"_ _1\"></span> attributable to equity holders<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x47d y4193 w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">548<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x47e y4193 w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">211<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x47f y4193 w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">136<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x480 y4193 w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">161<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x481 y4193 w3a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">(293)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x482 y4193 w3a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">(431)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x483 y4193 w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">332<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4108 w56 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws23\">T<span class=\"_ _4\"></span>ax (e<span class=\"_ _1\"></span>xpense<span class=\"_ _1\"></span>)/<span class=\"_ _1\"></span>credit<span class=\"_ _1\"></span> attributa<span class=\"_ _1\"></span>ble t<span class=\"_ _1\"></span>o equity<span class=\"_ _1\"></span> holders<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x484 y4108 w3a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(131)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x485 y4108 w14c h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(46)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x486 y4108 w41 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(41)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x487 y4108 w41 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(37)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x488 y4108 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x489 y4108 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">118<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x48a y4108 w3a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(137)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w14d h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls113 ws5b\">Profit/(loss<span class=\"_ _1\"></span>) for<span class=\"_ _1\"></span> the year<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x48b y40ae w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">417<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x48c y40ae w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">165<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x48d y40ae w7b h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">95<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x48e y40ae w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">124<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x48f y40ae w3a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">(293)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x490 y40ae w3a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">(313)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x491 y40ae w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">195<span class=\"_ _3b2\"> </span></div></td></tr></table><table class=\"s w14e h134\" id=\"_61fed222-e14b-4a71-8dcc-5414704a9573\"><tr><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"t m2 x45a hf y4194 ff3 fs9 fc1 sc0 ls45 ws100\">Group </td><td></td></tr><tr><td></td><td class=\"t m2 x492 hf y4195 ff3 fs9 fc1 sc0 ls10a ws118\">Institu<span class=\"_ _0\"></span>tional<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x45c hf y4195 ff3 fs9 fc1 sc0 ls1 ws0\">Asset<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m2 x493 hf y4195 ff3 fs9 fc1 sc0 ls10a ws118\">Retail<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x494 hf y4195 ff3 fs9 fc1 sc0 ls38 ws3a\">Corporate<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x495 hf y4195 ff3 fs9 fc1 sc0 ls168 ws123\">expenses and </td><td></td></tr><tr><td></td><td class=\"t m2 x496 hf y4196 ff3 fs9 fc1 sc0 ls10a ws118\">Retireme<span class=\"_ _0\"></span>nt<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x460 hf y4196 ff3 fs9 fc1 sc0 ls38 ws3a\">Management<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x497 hf y4196 ff3 fs9 fc1 sc0 ls187 ws19c\">Insurance<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x498 hf y4196 ff3 fs9 fc1 sc0 ls10a ws118\">Retireme<span class=\"_ _0\"></span>nt<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x499 hf y4196 ff3 fs9 fc1 sc0 ls187 ws19c\">Investments<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x49a hf y4196 ff3 fs9 fc1 sc0 ls18 ws0\">de<span class=\"_ _0\"></span>bt c<span class=\"_ _0\"></span>ost<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y4196 ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 hf y4197 ff3 fs9 fc1 sc0 ls18 ws0\">Fo<span class=\"_ _0\"></span>r the y<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>r en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>23 (<span class=\"_ _0\"></span>Res<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ted<span class=\"_ _0\"></span>)<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x321 hf y4197 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x464 hf y4197 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x432 hf y4197 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x465 hf y4197 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x466 hf y4197 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x467 hf y4197 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y4197 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y4198 w14f h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">Adjusted operating profit/(loss)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x49b y4198 wc5 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,028<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x49c y4198 w42 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">448<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x49d y4198 w42 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">139<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x49e y4198 w42 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">310<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x49f y4198 w42 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">136<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4a0 y4198 w3b h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(394)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x253 y4198 w37 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,667<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4199 w11c h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">Investment and other<span class=\"_ _1\"></span> variances<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4a1 y4199 wc6 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(555)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4a2 y4199 wc6 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(123)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4a3 y4199 w71 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(22)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4a4 y4199 w3b h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(149)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4a5 y4199 w3b h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(363)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4a6 y4199 w3b h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(365)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4a7 y4199 w34 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(1,577)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y419a w150 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">Losses attributable to non-<span class=\"_ _0\"></span>controlling inter<span class=\"_ _1\"></span>ests<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4a8 y419a wbd h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4a9 y419a wbd h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4aa y419a wbd h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4ab y419a wbd h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4ac y419a wbf h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4ad y419a w71 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(14)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4ae y419a w71 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(14)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w151 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Prof<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>/(lo<span class=\"_ _0\"></span>ss) befo<span class=\"_ _0\"></span>re ta<span class=\"_ _0\"></span>x at<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ib<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e to eq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y hol<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>rs<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4af y4121 w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">473<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4b0 y4121 w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">325<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4b1 y4121 w4b h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">117<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4b2 y4121 w4b h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">161<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4b3 y4121 w3b h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(227)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4b4 y4121 w3b h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(773)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4b5 y4121 w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">76<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ac w152 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws23\">T<span class=\"_ _4\"></span>ax credit/(<span class=\"_ _1\"></span>expens<span class=\"_ _1\"></span>e)<span class=\"_ _1\"></span> attributa<span class=\"_ _1\"></span>ble t<span class=\"_ _1\"></span>o equity<span class=\"_ _1\"></span> holders<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4b6 y40ac w153 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">236<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4b7 y40ac w71 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(30)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4b8 y40ac w71 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(44)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4b9 y40ac w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">61<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4ba y40ac w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">17<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4bb y40ac w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">127<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4bc y40ac w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">367<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae wbc h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Prof<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>/(lo<span class=\"_ _0\"></span>ss) for th<span class=\"_ _0\"></span>e yea<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4bd y40ae w153 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">709<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4be y40ae w153 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">295<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4bf y40ae w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">73<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4c0 y40ae w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">222<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4c1 y40ae w4d h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(210)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4c2 y40ae w4d h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(646)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4c3 y40ae w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">443<span class=\"_ _3b2\"> </span></div></td></tr></table>(b) <span class=\"_ _7\"> </span>Tota<span class=\"_ _0\"></span>l r<span class=\"_ _0\"></span>evenue \u2013 s<span class=\"_ _0\"></span>um<span class=\"_ _3\"></span>ma<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span>T<span class=\"_ _1\"></span>otal revenue inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>es insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce reve<span class=\"_ _0\"></span>nue<span class=\"_ _0\"></span>, fees fro<span class=\"_ _0\"></span>m fund ma<span class=\"_ _0\"></span>nage<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt and inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts an<span class=\"_ _0\"></span>d other op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>nal inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e from co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>acts<span class=\"_ _0\"></span> with cu<span class=\"_ _0\"></span>stom<span class=\"_ _0\"></span>ers<span class=\"_ _0\"></span>. Fur<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er de<span class=\"_ _0\"></span>tails on th<span class=\"_ _0\"></span>e com<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>nen<span class=\"_ _0\"></span>ts of insura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e revenu<span class=\"_ _0\"></span>e are discl<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>d in Note 21<span class=\"_ _1\"></span>. Othe<span class=\"_ _0\"></span>r ope<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>onal in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me fro<span class=\"_ _0\"></span>m con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts with<span class=\"_ _0\"></span> cus<span class=\"_ _0\"></span>tome<span class=\"_ _0\"></span>rs is a comp<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ent of othe<span class=\"_ _0\"></span>r ope<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>onal in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me and excl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>s the sha<span class=\"_ _0\"></span>re of profit<span class=\"_ _0\"></span>/<span class=\"_ _0\"></span>los<span class=\"_ _0\"></span>s from ass<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>iates and join<span class=\"_ _0\"></span>t venture<span class=\"_ _0\"></span>s, as well as gain<span class=\"_ _0\"></span>s/<span class=\"_ _3b2\"> </span>loss<span class=\"_ _0\"></span>es on disp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>al of subsidia<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>s, ass<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>iates, jo<span class=\"_ _0\"></span>int ventu<span class=\"_ _0\"></span>res and oth<span class=\"_ _0\"></span>er op<span class=\"_ _0\"></span>erat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e table<span class=\"_ _0\"></span>s bel<span class=\"_ _0\"></span>ow split th<span class=\"_ _0\"></span>e revenu<span class=\"_ _0\"></span>e by the geo<span class=\"_ _0\"></span>gr<span class=\"_ _0\"></span>aphi<span class=\"_ _0\"></span>c loc<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of the clien<span class=\"_ _0\"></span>t.<span class=\"_ _3b2\"> </span><table class=\"s w154 h135\" id=\"_c2700dfd-db44-4e2c-8081-862b80d4dbe7\"><tr><td></td><td class=\"t m2 x4c4 h13 y419b ff5 fs9 fc1 sc0 ls189 ws1ab\">Unite<span class=\"_ _0\"></span>d </td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m2 x4c5 h13 y419c ff6 fs9 fc1 sc0 ls3d ws131\">Kingdom<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x31d h13 y419c ff5 fs9 fc1 sc0 ls3d ws131\">USA<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x495 h13 y419c ff5 fs9 fc1 sc0 ls18 ws0\">Res<span class=\"_ _0\"></span>t o<span class=\"_ _0\"></span>f Wor<span class=\"_ _0\"></span>ld<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 h13 y419c ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 h13 y419d ff5 fs9 fc1 sc0 ls18 ws0\">Fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>24<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x465 h13 y419d ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x466 h13 y419d ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x467 h13 y419d ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 h13 y419d ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y4192 w2d h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 lsea ws27\">Insurance revenue<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4c6 y4192 w36 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">8,419<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4c7 y4192 w36 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">2,032<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4c8 y4192 w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">123<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4c9 y4192 w93 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">10,574<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y419e w48 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Fe<span class=\"_ _0\"></span>es fr<span class=\"_ _0\"></span>om f<span class=\"_ _0\"></span>und m<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt a<span class=\"_ _0\"></span>nd inv<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>cts<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x46b y419e w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">702<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x46c y419e w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">83<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4ca y419e w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">79<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4cb y419e w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">864<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4108 w155 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">O<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>al in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me f<span class=\"_ _0\"></span>rom c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>s wi<span class=\"_ _0\"></span>th cu<span class=\"_ _0\"></span>sto<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>rs<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4cc y4108 w36 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">1,249<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4cd y4108 wa8 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4ce y4108 wa6 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4cf y4108 w36 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">1,251<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w156 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls1 ws0\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> rev<span class=\"_ _1\"></span>enue<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4d0 y40ae w93 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">10,370<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4d1 y40ae w36 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">2,117<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4d2 y40ae w4a h11b\"><div class=\"t m2 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls56 ws55\">202<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4d3 y40ae w93 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">12,689<span class=\"_ _3b2\"> </span></div></td></tr></table><table class=\"s w157 h136\" id=\"_774c156b-4537-40f9-8e91-9c48adfb56b6\"><tr><td></td><td class=\"t m2 x4d4 hf y419f ff3 fs9 fc1 sc0 ls14a ws164\">Unite<span class=\"_ _1\"></span>d </td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m2 x4c5 hf y41a0 ff3 fs9 fc1 sc0 ls187 ws19c\">Kingdom<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x4d5 hf y41a0 ff3 fs9 fc1 sc0 ls30 ws9\">USA<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x495 hf y41a0 ff3 fs9 fc1 sc0 ls18 ws0\">Res<span class=\"_ _0\"></span>t of Wo<span class=\"_ _0\"></span>rl<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y41a0 ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 hf y41a1 ff3 fs9 fc1 sc0 ls18 ws0\">Fo<span class=\"_ _0\"></span>r the y<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>r en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>23<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x465 hf y41a1 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x466 hf y41a1 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x467 hf y41a1 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y41a1 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y40c2 w2d h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 lsea ws27\">Insurance revenue<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4d6 y40c2 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">7,679<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4d7 y40c2 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,830<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4d8 y40c2 w4b h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">115<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1d3 y40c2 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">9,624<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4183 w48 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Fe<span class=\"_ _0\"></span>es fr<span class=\"_ _0\"></span>om f<span class=\"_ _0\"></span>und m<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt a<span class=\"_ _0\"></span>nd inv<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>cts<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4d9 y4183 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">652<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4da y4183 w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">80<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4db y4183 w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">93<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4dc y4183 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">825<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4158 w155 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">O<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>al in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me f<span class=\"_ _0\"></span>rom c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>s wi<span class=\"_ _0\"></span>th cu<span class=\"_ _0\"></span>sto<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>rs<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4dd y4158 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,661<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4de y4158 w50 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4df y4158 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4e0 y4158 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,662<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w158 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls15e ws1ad\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span> r<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>u<span class=\"_ _3\"></span>e<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4e1 y40ae w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">9,992<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4e2 y40ae w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,911<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4e3 y40ae w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">208<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4e4 y40ae w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">12,111<span class=\"_ _3b2\"> </span></div></td></tr></table>(<span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>) <span class=\"_ _4c\"> </span>Total r<span class=\"_ _0\"></span>evenue \u2013 i<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>/ext<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l a<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>ly<span class=\"_ _0\"></span>sis<span class=\"_ _3b2\"> </span><table class=\"s w154 h137\" id=\"_c8a26310-b1c3-4a89-a8ea-821ffb901d18\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x49a h13 y41a2 ff5 fs9 fc1 sc0 ls14a ws164\">Corporate<span class=\"ls1 ws0\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x4e5 h13 y41a3 ff6 fs9 fc1 sc0 ls115 ws4f\">Institutional<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x4e6 h13 y41a3 ff5 fs9 fc1 sc0 ls3d ws131\">Asset<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m0 x4e7 h13 y41a3 ff5 fs9 fc1 sc0 ls3c ws11e\">Retail<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x4e8 h13 y41a3 ff6 fs9 fc1 sc0 ls2c ws34\">Inve<span class=\"_ _1\"></span>stments<span class=\"_ _3b2\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x4e9 h13 y41a4 ff5 fs9 fc1 sc0 ls1b ws1f\">Retire<span class=\"_ _0\"></span>ment<span class=\"_ _3b2\"> </span></td><td class=\"c x4eb y41a6 w159 h138\"><div class=\"t m0 x1ca h13 y40ef ff5 fs9 fc1 sc0 ls3d ws131\">Management</div><div class=\"t m0 x4ea h99 y41a5 ff5 fs1b fc1 sc0 ls1 ws0\">1</div></td><td class=\"t m0 x4ec h13 y41a4 ff6 fs9 fc1 sc0 ls37 ws7\">Insurance<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x287 h13 y41a4 ff5 fs9 fc1 sc0 ls1b ws1f\">Retire<span class=\"_ _0\"></span>ment<span class=\"_ _3b2\"> </span></td><td class=\"c x420 y41a6 w15a h138\"><div class=\"t m0 x1ca h13 y40ef ff5 fs9 fc1 sc0 ls38 ws3b\">and other</div><div class=\"t m0 x4ed h99 y41a5 ff5 fs1b fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"t m0 x1c7 h13 y41a4 ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 h13 y41a7 ff5 fs9 fc1 sc0 ls18 ws0\">Fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>24<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x464 h13 y41a7 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x432 h13 y41a7 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x465 h13 y41a7 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x466 h13 y41a7 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x467 h13 y41a7 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 h13 y41a7 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c x1cb y419e w15b h11a\"><div class=\"t m0 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls149 ws29\">Internal revenue</div><div class=\"t m0 x4ee h5a y41a8 ff3 fs1c fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4ef y4121 wa5 h116\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4f0 y4121 w4a h116\"><div class=\"t m0 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">193<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4f1 y4121 wa5 h116\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4f2 y4121 wa5 h116\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4f3 y4121 w3a h116\"><div class=\"t m0 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">(193)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4f4 y4121 wa5 h116\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41a9 w15c h116\"><div class=\"t m0 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls10a ws5a\">Ex<span class=\"_ _0\"></span>ternal revenue<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4f5 y41a9 w36 h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls56 ws55\">5,885<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4f6 y41a9 w4a h116\"><div class=\"t m0 x1ca h1a y40b1 ff5 fs6 fc1 sc0 ls56 ws55\">849<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4f7 y41a9 w36 h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls56 ws55\">3,366<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4f8 y41a9 w36 h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls56 ws55\">1,584<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4f9 y41a9 w36 h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls56 ws55\">1,005<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4fa y41a9 w2f h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls56 ws55\">12,689<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w156 h116\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> rev<span class=\"_ _1\"></span>enue<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4fb y40ae w36 h116\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">5,885<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4fc y40ae w36 h116\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">1,042<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4fd y40ae w36 h116\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">3,366<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4fe y40ae w36 h116\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">1,584<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4ff y40ae w4a h116\"><div class=\"t m0 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">812<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x500 y40ae w2f h116\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">12,689<span class=\"_ _3b2\"> </span></div></td></tr></table><table class=\"s w15d h139\" id=\"_2a2c3dc9-ba29-4082-9db1-aad5f588501f\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x501 hf y41aa ff3 fs9 fc1 sc0 ls38 ws3a\">Corporate<span class=\"ls1 ws0\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x4e9 hf y41ab ff3 fs9 fc1 sc0 ls10a ws118\">Institu<span class=\"_ _0\"></span>tional<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x502 hf y41ab ff3 fs9 fc1 sc0 ls1 ws0\">Asset<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m0 x325 hf y41ab ff3 fs9 fc1 sc0 ls10a ws118\">Retail<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x503 hf y41ab ff3 fs9 fc1 sc0 ls187 ws19c\">Investments<span class=\"_ _3b2\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x269 hf y41ac ff3 fs9 fc1 sc0 ls10a ws118\">Retireme<span class=\"_ _0\"></span>nt<span class=\"_ _3b2\"> </span></td><td class=\"c x505 y41ae w15e h11e\"><div class=\"t m0 x1ca hf y415b ff3 fs9 fc1 sc0 ls38 ws3a\">Management</div><div class=\"t m0 x504 ha4 y41ad ff3 fs1b fc1 sc0 ls1 ws0\">1</div></td><td class=\"t m0 x506 hf y41ac ff3 fs9 fc1 sc0 ls187 ws19c\">Insurance<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x507 hf y41ac ff3 fs9 fc1 sc0 ls10a ws118\">Retireme<span class=\"_ _0\"></span>nt<span class=\"_ _3b2\"> </span></td><td class=\"c x509 y41ae w15f h11e\"><div class=\"t m0 x1ca hf y415b ff3 fs9 fc1 sc0 ls18 ws0\">and o<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er</div><div class=\"t m0 x508 ha4 y41ad ff3 fs1b fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"t m0 x1c7 hf y41ac ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 hf y41af ff3 fs9 fc1 sc0 ls18 ws0\">Fo<span class=\"_ _0\"></span>r the y<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>r en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>23 (<span class=\"_ _0\"></span>Res<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ted<span class=\"_ _0\"></span>)<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x464 hf y41af ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x432 hf y41af ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x465 hf y41af ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x466 hf y41af ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x467 hf y41af ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 hf y41af ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c x1cb y4183 w15b h11a\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls149 ws29\">Internal revenue</div><div class=\"t m0 x4ee h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x50a y4183 wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x50b y4183 w42 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">176<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x50c y4183 wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x50d y4183 wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x50e y4183 w3b h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(176)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x50f y4183 wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ac w15c h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10a ws5a\">Ex<span class=\"_ _0\"></span>ternal revenue<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x510 y40ac wc5 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5,257<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x511 y40ac w42 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">930<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x512 y40ac w30 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,115<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x513 y40ac w30 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,468<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x514 y40ac w30 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,341<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x515 y40ac w3e h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">12,111<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w158 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls15e ws1ad\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span> r<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>u<span class=\"_ _3\"></span>e<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x516 y40ae wc5 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5,257<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x517 y40ae w37 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,106<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x518 y40ae w37 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,115<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x519 y40ae w37 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,468<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x51a y40ae w37 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,165<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x51b y40ae w3e h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">12,111<span class=\"_ _3b2\"> </span></div></td></tr></table>1. <span class=\"_ _15\"> </span>As<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t M<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t in<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>al r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ue r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>tes t<span class=\"_ _0\"></span>o in<span class=\"_ _0\"></span>ves<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t ma<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t s<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>vic<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s pr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r s<span class=\"_ _0\"></span>eg<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>2. <span class=\"_ _15\"> </span>O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s in<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r-<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>gm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>al e<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns a<span class=\"_ _0\"></span>nd G<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>p c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>da<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on a<span class=\"_ _0\"></span>dj<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>3. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>As<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t M<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t rev<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>e in<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>e in<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t ma<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e d<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n un<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ta<span class=\"_ _0\"></span>kes o<span class=\"_ _0\"></span>n be<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>f of ot<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>er G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>p bu<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>e fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e mo<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t si<span class=\"_ _0\"></span>gn<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>fic<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n of th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>se a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>sl<span class=\"_ _0\"></span>y u<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ke<span class=\"_ _0\"></span>n by t<span class=\"_ _0\"></span>he L<span class=\"_ _0\"></span>GI<span class=\"_ _0\"></span>M di<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n pr<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>r to t<span class=\"_ _0\"></span>he 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>tu<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e in J<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>e 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>, ar<span class=\"_ _0\"></span>e in<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d i<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e ab<span class=\"_ _0\"></span>ove t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>e on a g<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>s bas<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>. A<span class=\"_ _0\"></span>ny a<span class=\"_ _0\"></span>dd<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>al s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>s pr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>y As<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t M<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t to o<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er d<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, no<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>y th<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>se i<span class=\"_ _0\"></span>nh<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d fr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>m th<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>us L<span class=\"_ _0\"></span>GC d<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>, a<span class=\"_ _0\"></span>re e<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d in t<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>gm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>al d<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d on a n<span class=\"_ _0\"></span>et b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>. Pr<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>r ye<span class=\"_ _0\"></span>ar c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ves h<span class=\"_ _0\"></span>ave b<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>en a<span class=\"_ _0\"></span>dj<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed to b<span class=\"_ _0\"></span>e o<span class=\"_ _0\"></span>n a co<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>sis<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t ba<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>s.<span class=\"_ _3b2\"> </span>(<span class=\"_ _1\"></span>d) <span class=\"_ _217\"> </span>Fees f<span class=\"_ _0\"></span>rom f<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>nd m<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>gement a<span class=\"_ _0\"></span>nd i<span class=\"_ _0\"></span>nvest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span>Fee<span class=\"_ _0\"></span>s from fu<span class=\"_ _0\"></span>nd mana<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t and invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>e fees for admi<span class=\"_ _0\"></span>nistr<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n and mana<span class=\"_ _0\"></span>ging of fun<span class=\"_ _0\"></span>ds in pen<span class=\"_ _0\"></span>sio<span class=\"_ _0\"></span>n plans<span class=\"_ _0\"></span>, as well as<span class=\"_ gsec\"> </span>reven<span class=\"_ _0\"></span>ue ge<span class=\"_ _0\"></span>ner<span class=\"_ _0\"></span>ated from ac<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g as the investm<span class=\"_ _0\"></span>ent ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>er for clie<span class=\"_ _0\"></span>nts<span class=\"_ _0\"></span>. T<span class=\"_ _4\"></span>r<span class=\"_ _0\"></span>ansa<span class=\"_ _0\"></span>ctio<span class=\"_ _0\"></span>n fees are ch<span class=\"_ _0\"></span>arge<span class=\"_ _0\"></span>d to imple<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt trad<span class=\"_ _0\"></span>es for clie<span class=\"_ _0\"></span>nts.<span class=\"_ _3b2\"> </span><table class=\"s w154 h13a\" id=\"_65031344-513b-43d4-ad4e-af28afd9fd3d\"><tr><td></td><td></td><td></td><td class=\"t m0 x49a h13 y41b0 ff5 fs9 fc1 sc0 ls14a ws164\">Corporate<span class=\"ls1 ws0\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x45d h13 y41b1 ff5 fs9 fc1 sc0 ls3d ws131\">Asset<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x4e7 h13 y41b1 ff5 fs9 fc1 sc0 ls3c ws11e\">Retail<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x4e8 h13 y41b1 ff6 fs9 fc1 sc0 ls2c ws34\">Inve<span class=\"_ _1\"></span>stments<span class=\"_ _3b2\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x51c h13 y41b2 ff5 fs9 fc1 sc0 ls3d ws131\">Management<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x287 h13 y41b2 ff5 fs9 fc1 sc0 ls1b ws1f\">Retire<span class=\"_ _0\"></span>ment<span class=\"_ _3b2\"> </span></td><td class=\"c x420 y41b4 w160 h123\"><div class=\"t m0 x1ca h13 y4151 ff5 fs9 fc1 sc0 ls38 ws3b\">and other</div><div class=\"t m0 x51d h99 y41b3 ff5 fs1b fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"t m0 x1c7 h13 y41b2 ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 h13 y41b5 ff5 fs9 fc1 sc0 ls18 ws0\">Fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>24<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x465 h13 y41b5 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x466 h13 y41b5 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x467 h13 y41b5 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 h13 y41b5 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c x1cb y419e w161 h11a\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls113 ws5b\">Inv<span class=\"_ _1\"></span>estment con<span class=\"_ _1\"></span>tracts<span class=\"_ _1\"></span> and mana<span class=\"_ _1\"></span>gement f<span class=\"_ _1\"></span>ees</div><div class=\"t m0 x425 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x51e y4121 w4a h11b\"><div class=\"t m0 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls56 ws55\">909<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x51f y4121 w4a h11b\"><div class=\"t m0 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls56 ws55\">122<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x520 y4121 w3a h11b\"><div class=\"t m0 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">(186)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x521 y4121 w4a h11b\"><div class=\"t m0 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls56 ws55\">845<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4108 w162 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">T<span class=\"_ _1\"></span>ransaction<span class=\"_ _1\"></span> fees<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x522 y4108 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">19<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x523 y4108 wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4ce y4108 wa6 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x524 y4108 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">19<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w163 h11b\"><div class=\"t m0 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l fee<span class=\"_ _0\"></span>s fro<span class=\"_ _0\"></span>m fu<span class=\"_ _0\"></span>nd ma<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t an<span class=\"_ _0\"></span>d inves<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t con<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x525 y40ae w4a h11b\"><div class=\"t m0 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls56 ws55\">928<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x526 y40ae w4a h11b\"><div class=\"t m0 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls56 ws55\">122<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x527 y40ae w3a h11b\"><div class=\"t m0 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">(186)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x528 y40ae w4a h11b\"><div class=\"t m0 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">864<span class=\"_ _3b2\"> </span></div></td></tr></table><table class=\"s w164 h13b\" id=\"_b1b6989c-1f7f-41ba-99a5-507bf9e03bc1\"><tr><td></td><td></td><td></td><td class=\"t m0 x501 hf y41b6 ff3 fs9 fc1 sc0 ls38 ws3a\">Corporate<span class=\"ls1 ws0\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x493 hf y41b7 ff3 fs9 fc1 sc0 ls1 ws0\">Asset<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x325 hf y41b7 ff3 fs9 fc1 sc0 ls10a ws118\">Retail<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x503 hf y41b7 ff3 fs9 fc1 sc0 ls187 ws19c\">Investments<span class=\"_ _3b2\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x529 hf y41b8 ff3 fs9 fc1 sc0 ls38 ws3a\">Management<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x507 hf y41b8 ff3 fs9 fc1 sc0 ls10a ws118\">Retireme<span class=\"_ _0\"></span>nt<span class=\"_ _3b2\"> </span></td><td class=\"c x509 y41b9 w15f h11e\"><div class=\"t m0 x1ca hf y40a5 ff3 fs9 fc1 sc0 ls18 ws0\">and o<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er</div><div class=\"t m0 x508 ha4 y410d ff3 fs1b fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"t m0 x1c7 hf y41b8 ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 hf y41ba ff3 fs9 fc1 sc0 ls18 ws0\">Fo<span class=\"_ _0\"></span>r the y<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>r en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>23 (<span class=\"_ _0\"></span>Res<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ted<span class=\"_ _0\"></span>)<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x465 hf y41ba ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x466 hf y41ba ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x467 hf y41ba ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 hf y41ba ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c x1cb y4121 w161 h11a\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls113 ws5b\">Inv<span class=\"_ _1\"></span>estment con<span class=\"_ _1\"></span>tracts<span class=\"_ _1\"></span> and mana<span class=\"_ _1\"></span>gement f<span class=\"_ _1\"></span>ees</div><div class=\"t m0 x425 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x51e y4121 w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">869<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x52a y4121 w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">104<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x52b y4121 w3b h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(173)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x52c y4121 w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">800<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ac w162 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">T<span class=\"_ _1\"></span>ransaction<span class=\"_ _1\"></span> fees<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x522 y40ac w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">25<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x52d y40ac wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x52e y40ac wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x52f y40ac w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">25<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w165 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">T<span class=\"_ _1\"></span>otal fee<span class=\"_ _0\"></span>s fro<span class=\"_ _0\"></span>m fu<span class=\"_ _0\"></span>nd m<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt an<span class=\"_ _0\"></span>d inve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>ts<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x530 y40ae w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">894<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x531 y40ae w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">104<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x532 y40ae w4d h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(173)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x42a y40ae w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">825<span class=\"_ _3b2\"> </span></div></td></tr></table>1. <span class=\"_ _15\"> </span>O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s in<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r-<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>gm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>al e<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns a<span class=\"_ _0\"></span>nd G<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>p c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>da<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on a<span class=\"_ _0\"></span>dj<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>2. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>As<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t M<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t rev<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>e in<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>e in<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t ma<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e d<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n un<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ta<span class=\"_ _0\"></span>kes o<span class=\"_ _0\"></span>n be<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>f of ot<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>er G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>p bu<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>e fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e mo<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t si<span class=\"_ _0\"></span>gn<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>fic<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n of th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>se a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>sl<span class=\"_ _0\"></span>y u<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ke<span class=\"_ _0\"></span>n by t<span class=\"_ _0\"></span>he L<span class=\"_ _0\"></span>GI<span class=\"_ _0\"></span>M di<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n pr<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>r to t<span class=\"_ _0\"></span>he 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>tu<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e in J<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>e 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>, ar<span class=\"_ _0\"></span>e in<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d i<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e ab<span class=\"_ _0\"></span>ove t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>e on a g<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>s bas<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>. A<span class=\"_ _0\"></span>ny a<span class=\"_ _0\"></span>dd<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>al s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>s pr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>y As<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t M<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t to o<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er d<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, no<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>y th<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>se i<span class=\"_ _0\"></span>nh<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d fr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>m th<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>us L<span class=\"_ _0\"></span>GC d<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>, a<span class=\"_ _0\"></span>re e<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d in t<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>gm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>al d<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d on a n<span class=\"_ _0\"></span>et b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>. Pr<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>r p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>es h<span class=\"_ _0\"></span>ave b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n a<span class=\"_ _0\"></span>dj<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d to b<span class=\"_ _0\"></span>e on a c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t ba<span class=\"_ _0\"></span>sis<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>(<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>) <span class=\"_ _4c\"> </span>Ot<span class=\"_ _0\"></span>her o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>iona<span class=\"_ _0\"></span>l i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ome f<span class=\"_ _0\"></span>rom cont<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>ts w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h cu<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>omer<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span>Ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r ope<span class=\"_ _0\"></span>ratio<span class=\"_ _0\"></span>nal in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me fro<span class=\"_ _0\"></span>m cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>ts with cu<span class=\"_ _0\"></span>stom<span class=\"_ _0\"></span>ers in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>des ho<span class=\"_ _0\"></span>use bu<span class=\"_ _0\"></span>ildin<span class=\"_ _0\"></span>g revenu<span class=\"_ _0\"></span>e, reve<span class=\"_ _0\"></span>nue ar<span class=\"_ _0\"></span>isin<span class=\"_ _0\"></span>g from profess<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>al ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>es and insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce bro<span class=\"_ _0\"></span>ker fees<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span><table class=\"s w154 h13d\" id=\"_54f03551-7cb6-42e8-a72d-90fb37a3f07a\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x49a h13 y41c2 ff5 fs9 fc1 sc0 ls14a ws164\">Corporate<span class=\"ls1 ws0\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x4e5 h13 y41c3 ff6 fs9 fc1 sc0 ls115 ws4f\">Institutional<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x4e6 h13 y41c3 ff5 fs9 fc1 sc0 ls3d ws131\">Asset<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m0 x4e7 h13 y41c3 ff5 fs9 fc1 sc0 ls3c ws11e\">Retail<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x4e8 h13 y41c3 ff6 fs9 fc1 sc0 ls2c ws34\">Inve<span class=\"_ _1\"></span>stments<span class=\"_ _3b2\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x4e9 h13 y41c4 ff5 fs9 fc1 sc0 ls1b ws1f\">Retire<span class=\"_ _0\"></span>ment<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x54a h13 y41c4 ff5 fs9 fc1 sc0 ls3d ws131\">Management<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x4ec h13 y41c4 ff6 fs9 fc1 sc0 ls37 ws7\">Insurance<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x287 h13 y41c4 ff5 fs9 fc1 sc0 ls1b ws1f\">Retire<span class=\"_ _0\"></span>ment<span class=\"_ _3b2\"> </span></td><td class=\"c x420 y41c5 w15a h123\"><div class=\"t m0 x1ca h13 y4151 ff5 fs9 fc1 sc0 ls38 ws3b\">and other</div><div class=\"t m0 x4ed h99 y41b3 ff5 fs1b fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"t m0 x1c7 h13 y41c4 ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 h13 y41c6 ff5 fs9 fc1 sc0 ls18 ws0\">Fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>24<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x464 h13 y41c6 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x432 h13 y41c6 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x465 h13 y41c6 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x466 h13 y41c6 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x467 h13 y41c6 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 h13 y41c6 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y41c7 w167 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">House building<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x54b y41c7 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">14<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x54c y41c7 w4a h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">100<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x54d y41c7 wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x54e y41c7 wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x54f y41c7 w4a h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">984<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x550 y41c7 w36 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">1,098<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y419e w168 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">Profess<span class=\"_ _1\"></span>ional serv<span class=\"_ _0\"></span>ices fees<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x539 y419e wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x551 y419e w70 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">14<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x552 y419e w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">51<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x553 y419e wa8 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">6<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x554 y419e w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">13<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x555 y419e w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">84<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41a9 w169 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 lsea ws27\">Insurance broker<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x53e y41a9 wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x556 y41a9 wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x557 y41a9 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">68<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x558 y41a9 wa6 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x559 y41a9 wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x222 y41a9 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">68<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y40ae w16c h11f\"><div class=\"t m0 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls11c ws25\">T<span class=\"_ _4\"></span>ot<span class=\"_ _0\"></span>al other<span class=\"_ _1\"></span> operational income<span class=\"_ _1\"></span> from<span class=\"_ _1\"></span> contracts with customers</div><div class=\"t m0 x55a h91 y40aa ff5 fs1c fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x55b y40ae w7b h11b\"><div class=\"t m0 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls56 ws55\">14<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x55c y40ae w4a h11b\"><div class=\"t m0 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls56 ws55\">114<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x55d y40ae w4a h11b\"><div class=\"t m0 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls56 ws55\">119<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x55e y40ae wa8 h11b\"><div class=\"t m0 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls1 ws0\">6<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x55f y40ae w4a h11b\"><div class=\"t m0 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">997<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x560 y40ae w36 h11b\"><div class=\"t m0 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">1,250<span class=\"_ _3b2\"> </span></div></td></tr></table><table class=\"s w166 h13c\" id=\"_52c85b65-1dd5-4f9a-8262-df0e3985f7ce\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x501 hf y41bb ff3 fs9 fc1 sc0 ls38 ws3a\">Corporate<span class=\"ls1 ws0\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x4e9 hf y41bc ff3 fs9 fc1 sc0 ls10a ws118\">Institu<span class=\"_ _0\"></span>tional<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x502 hf y41bc ff3 fs9 fc1 sc0 ls1 ws0\">Asset<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m0 x325 hf y41bc ff3 fs9 fc1 sc0 ls10a ws118\">Retail<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x503 hf y41bc ff3 fs9 fc1 sc0 ls187 ws19c\">Investments<span class=\"_ _3b2\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x269 hf y41bd ff3 fs9 fc1 sc0 ls10a ws118\">Retireme<span class=\"_ _0\"></span>nt<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x275 hf y41bd ff3 fs9 fc1 sc0 ls38 ws3a\">Management<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x506 hf y41bd ff3 fs9 fc1 sc0 ls187 ws19c\">Insurance<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x507 hf y41bd ff3 fs9 fc1 sc0 ls10a ws118\">Retireme<span class=\"_ _0\"></span>nt<span class=\"_ _3b2\"> </span></td><td class=\"c x509 y41bf w15f h11e\"><div class=\"t m0 x1ca hf y40a5 ff3 fs9 fc1 sc0 ls18 ws0\">and o<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er</div><div class=\"t m0 x508 ha4 y41be ff3 fs1b fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"t m0 x1c7 hf y41bd ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 hf y41c0 ff3 fs9 fc1 sc0 ls18 ws0\">Fo<span class=\"_ _0\"></span>r the y<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>r en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>23 (<span class=\"_ _0\"></span>Res<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ted<span class=\"_ _0\"></span>)<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x464 hf y41c0 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x432 hf y41c0 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x465 hf y41c0 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x466 hf y41c0 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x467 hf y41c0 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 hf y41c0 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y40c2 w167 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">House building<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x533 y40c2 w50 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x534 y40c2 w42 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">208<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x535 y40c2 wbd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x536 y40c2 wbd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x537 y40c2 w30 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,321<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x538 y40c2 w30 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,531<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4183 w168 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">Profess<span class=\"_ _1\"></span>ional serv<span class=\"_ _0\"></span>ices fees<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x539 y4183 wbe h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x53a y4183 w50 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4b9 y4183 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">46<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x53b y4183 w75 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x53c y4183 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">17<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x53d y4183 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">74<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4122 w169 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 lsea ws27\">Insurance broker<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x53e y4122 wbe h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x53f y4122 wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x540 y4122 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">57<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x541 y4122 wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x542 y4122 wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x543 y4122 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">57<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y41c1 w16a h11a\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">T<span class=\"_ _1\"></span>otal oth<span class=\"_ _0\"></span>er o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>nal i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e fro<span class=\"_ _0\"></span>m co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>ts wi<span class=\"_ _0\"></span>th c<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>tome<span class=\"_ _0\"></span>rs</div><div class=\"t m0 x544 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4ef y40ae w16b h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x545 y40ae w42 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">212<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x546 y40ae w42 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">103<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x547 y40ae w75 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x548 y40ae w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,338<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x549 y40ae w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,662<span class=\"_ _3b2\"> </span></div></td></tr></table>1. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s in<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r-<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>gm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>al e<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns a<span class=\"_ _0\"></span>nd G<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>p c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>da<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on a<span class=\"_ _0\"></span>dj<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>2. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>T<span class=\"_ _1\"></span>ot<span class=\"_ _0\"></span>al o<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er o<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>al i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>me f<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>m c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ts w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h cu<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>s exc<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>es t<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>re o<span class=\"_ _0\"></span>f pr<span class=\"_ _0\"></span>ofi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>/<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>s fr<span class=\"_ _0\"></span>om a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d jo<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>nt ve<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, an<span class=\"_ _0\"></span>d th<span class=\"_ _0\"></span>e g<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>n on d<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>sa<span class=\"_ _0\"></span>l of s<span class=\"_ _0\"></span>ub<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, as<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>nd j<span class=\"_ _0\"></span>oi<span class=\"_ _0\"></span>nt v<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>4<span class=\"_ _1\"></span><span class=\"ls8d\">.<span class=\"_ _f8\"> </span>Insurance serv<span class=\"_ _0\"></span>ice and o<span class=\"_ _1\"></span>ther e<span class=\"_ _1\"></span>xpenses<span class=\"_ _3b2\"> </span></span><table class=\"s w16d h13e\" id=\"_4fc8421b-c159-4b6f-b367-5e2a3bf55a48\"><tr><td></td><td></td><td class=\"t m2 x1c6 h13 y41c8 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y41c8 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x42e hf y41c9 ff3 fs9 fc1 sc0 lsee wsf5\">Note<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 h13 y41c9 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y41c9 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y41ca w16e h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">Claims and benefits<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1d2 y41ca w36 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">7,834<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1d3 y41ca w37 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">7,201<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41cb w16f h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Fe<span class=\"_ _0\"></span>es an<span class=\"_ _0\"></span>d co<span class=\"_ _0\"></span>mm<span class=\"_ _0\"></span>iss<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x561 y41cb w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">693<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x562 y41cb w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">573<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4166 w170 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Los<span class=\"_ _0\"></span>ses a<span class=\"_ _0\"></span>nd re<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>sal<span class=\"_ _0\"></span>s of lo<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s on o<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>s co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>ts<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x563 y4166 w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">307<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x564 y4166 w4b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">329<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y41cc w171 h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Los<span class=\"_ _0\"></span>s on d<span class=\"_ _0\"></span>isp<span class=\"_ _0\"></span>osa<span class=\"_ _0\"></span>l of su<span class=\"_ _0\"></span>bsid<span class=\"_ _0\"></span>iar<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s</div><div class=\"t m2 x565 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1db y41cc w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">28<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x566 y41cc w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">99<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x567 y41cc wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4168 w172 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">S<span class=\"_ _0\"></span>taf<span class=\"_ _0\"></span>f c<span class=\"_ _0\"></span>ost<span class=\"_ _0\"></span>s (in<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>udi<span class=\"_ _0\"></span>ng p<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>sio<span class=\"_ _0\"></span>n co<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s and s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>d pay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x568 y4168 w39 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">32<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x569 y4168 w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,309<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x56a y4168 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,309<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41cd w173 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10e ws54\">Redundancy costs<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x56b y41cd w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">15<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x56c y41cd w50 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">9<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41ce w174 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10e ws54\">Auditor\u2019s remuneration<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x56d y41ce w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">31<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x56e y41ce w70 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">20<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x543 y41ce w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">23<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41cf w175 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">De<span class=\"_ _0\"></span>pre<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on an<span class=\"_ _0\"></span>d im<span class=\"_ _0\"></span>pai<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t of pla<span class=\"_ _0\"></span>nt an<span class=\"_ _0\"></span>d eq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>pm<span class=\"_ _0\"></span>ent<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x56f y41cf w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">11<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x570 y41cf w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">63<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x571 y41cf w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">81<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y416b w176 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Am<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>tisa<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n an<span class=\"_ _0\"></span>d imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt of i<span class=\"_ _0\"></span>nta<span class=\"_ _0\"></span>ngi<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>e ass<span class=\"_ _0\"></span>ets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x231 y416b w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">10<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x572 y416b w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">56<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x573 y416b w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">54<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y41d0 w177 h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls11e ws5c\">House build<span class=\"_ _1\"></span>ing expenses</div><div class=\"t m2 x574 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x420 y41d1 w4a h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">945<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x575 y41d1 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,308<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40bd w178 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 lsea ws27\">Othe<span class=\"_ _0\"></span>r administrative expenses<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x204 y40bd w4a h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">818<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x253 y40bd w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,092<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4189 w179 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Am<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nts a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tri<span class=\"_ _0\"></span>bu<span class=\"_ _0\"></span>ted to in<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce a<span class=\"_ _0\"></span>cq<span class=\"_ _0\"></span>uisi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on c<span class=\"_ _0\"></span>ash f<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>ws in<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d du<span class=\"_ _0\"></span>rin<span class=\"_ _0\"></span>g th<span class=\"_ _0\"></span>e yea<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x576 y4189 w3a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(358)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x577 y4189 w4d h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(335)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y417f w17a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Am<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>tisa<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of ins<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e ac<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>isi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n ca<span class=\"_ _0\"></span>sh f<span class=\"_ _0\"></span>lows<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x578 y417f w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">167<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x579 y417f w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">151<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y418c w17b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Ne<span class=\"_ _0\"></span>t imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt l<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>s on as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts for i<span class=\"_ _0\"></span>nsu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce a<span class=\"_ _0\"></span>cq<span class=\"_ _0\"></span>uis<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>on c<span class=\"_ _0\"></span>ash f<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ows<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x57a y418c wa6 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x57b y418c w50 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">8<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c1 w17c h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l In<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ce se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce a<span class=\"_ _0\"></span>nd ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r exp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x57c y40c1 w2f h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">11,968<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3bf y40c1 wd3 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">11,803<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 hc y41d2 ff4 fs6 fc1 sc0 ls56 ws55\">Rep<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>ente<span class=\"_ _0\"></span>d by:<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4121 w31 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 lsea ws27\">Insurance ser<span class=\"_ _0\"></span>vic<span class=\"_ _0\"></span>e expenses<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x250 y4121 w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">9,091<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x251 y4121 w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">8,373<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4158 w4f h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Other expen<span class=\"_ _1\"></span>ses<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x250 y4158 w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,877<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x251 y4158 w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,430<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w17c h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l In<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ce se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce a<span class=\"_ _0\"></span>nd ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r exp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x57c y40ae w2f h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">11,968<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3bf y40ae wd3 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">11,803<span class=\"_ _3b2\"> </span></div></td></tr></table>1.<span class=\"_ _1d\"> </span>Lo<span class=\"_ _0\"></span>ss o<span class=\"_ _0\"></span>n di<span class=\"_ _0\"></span>sp<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>sal o<span class=\"_ _0\"></span>f su<span class=\"_ _0\"></span>bs<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>fl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>e di<span class=\"_ _0\"></span>sp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>al o<span class=\"_ _0\"></span>f Ca<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>2.<span class=\"_ _1d\"> </span> <span class=\"_ _9\"></span>Ho<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>e b<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>ld<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t of sa<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>s of t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>p\u2019s h<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>se b<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>ld<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ng b<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, in<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g Ca<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>. A to<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>l of \u00a31,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>98<span class=\"_ _0\"></span>m (20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3: \u00a3<span class=\"_ _0\"></span>1,5<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>1m) of hou<span class=\"_ _0\"></span>se b<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>ng i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>me h<span class=\"_ _0\"></span>as be<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d i<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e yea<span class=\"_ _0\"></span>r (se<span class=\"_ _0\"></span>e No<span class=\"_ _0\"></span>te 2<span class=\"_ _0\"></span>(v)(e)).<span class=\"_ _3b2\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfExpensesByNatureExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-645": {
   "value": "(<span class=\"_ _1\"></span>v<span class=\"_ _1\"></span>) <span class=\"_ _bd\"> </span>Seg<span class=\"_ _0\"></span>menta<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> an<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>lys<span class=\"_ _0\"></span>is<span class=\"_ _3b2\"> </span>Foll<span class=\"_ _0\"></span>owing th<span class=\"_ _0\"></span>e anno<span class=\"_ _0\"></span>unc<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent of the Gro<span class=\"_ _0\"></span>up\u2019s refresh<span class=\"_ _0\"></span>ed st<span class=\"_ _0\"></span>rateg<span class=\"_ _0\"></span>y in 2024<span class=\"_ _0\"></span>, and the ass<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>iated bus<span class=\"_ _0\"></span>ines<span class=\"_ _0\"></span>s mod<span class=\"_ _0\"></span>el revis<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>, the Gro<span class=\"_ _0\"></span>up now has f<span class=\"_ _0\"></span>ive rep<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e segm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s, co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>risin<span class=\"_ _0\"></span>g Insti<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>al Retire<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt, A<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t Manag<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>, Insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>, Retail Reti<span class=\"_ _0\"></span>rem<span class=\"_ _0\"></span>ent and C<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>rate Investm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts. Fur<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er<span class=\"_ gsec\"> </span>info<span class=\"_ _0\"></span>rmat<span class=\"_ _0\"></span>ion on th<span class=\"_ _0\"></span>e chan<span class=\"_ _0\"></span>ge is set ou<span class=\"_ _0\"></span>t in Note 1<span class=\"_ _1\"></span>(iii).<span class=\"_ _3b2\"> </span>Grou<span class=\"_ _0\"></span>p expe<span class=\"_ _0\"></span>nse<span class=\"_ _0\"></span>s, de<span class=\"_ _0\"></span>bt cos<span class=\"_ _0\"></span>ts and ass<span class=\"_ _0\"></span>ets hel<span class=\"_ _0\"></span>d cen<span class=\"_ _0\"></span>trall<span class=\"_ _0\"></span>y are repo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ted se<span class=\"_ _0\"></span>par<span class=\"_ _0\"></span>ately. T<span class=\"_ _4\"></span>ran<span class=\"_ _0\"></span>sac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en seg<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts are on no<span class=\"_ _0\"></span>rma<span class=\"_ _0\"></span>l com<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>rcial ter<span class=\"_ _0\"></span>ms and are inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>ed wi<span class=\"_ _0\"></span>thin th<span class=\"_ _0\"></span>e repo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ted se<span class=\"_ _0\"></span>gme<span class=\"_ _0\"></span>nts<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>In the UK<span class=\"_ _0\"></span>, annui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y liabili<span class=\"_ _0\"></span>ties relat<span class=\"_ _0\"></span>ing to Institu<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>al Retire<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t and Retail Retire<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t are backed by a <span class=\"_ _1\"></span>singl<span class=\"_ _0\"></span>e por<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>foli<span class=\"_ _0\"></span>o of <span class=\"_ _1\"></span>assets<span class=\"_ _0\"></span>, and onc<span class=\"_ _0\"></span>e a transac<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span> has be<span class=\"_ _0\"></span>en co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>leted th<span class=\"_ _0\"></span>e assets re<span class=\"_ _0\"></span>latin<span class=\"_ _0\"></span>g to any <span class=\"_ _1\"></span>par<span class=\"_ _3\"></span>ticul<span class=\"_ _0\"></span>ar tran<span class=\"_ _0\"></span>sac<span class=\"_ _0\"></span>tion are n<span class=\"_ _0\"></span>ot tracke<span class=\"_ _0\"></span>d to the related liabi<span class=\"_ _0\"></span>liti<span class=\"_ _0\"></span>es. Inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt vari<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e is alloc<span class=\"_ _0\"></span>ated to the t<span class=\"_ _0\"></span>wo busin<span class=\"_ _0\"></span>ess se<span class=\"_ _0\"></span>gme<span class=\"_ _0\"></span>nts bas<span class=\"_ _0\"></span>ed on the re<span class=\"_ _0\"></span>lative size of the und<span class=\"_ _0\"></span>erl<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>ct liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>. Rep<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ing of asset<span class=\"_ _0\"></span>s and liabil<span class=\"_ _0\"></span>itie<span class=\"_ _0\"></span>s by repo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tab<span class=\"_ _0\"></span>le se<span class=\"_ _0\"></span>gme<span class=\"_ _0\"></span>nt has not be<span class=\"_ _0\"></span>en in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d, as this is not infor<span class=\"_ _0\"></span>matio<span class=\"_ _0\"></span>n that is provid<span class=\"_ _0\"></span>ed to key decisi<span class=\"_ _0\"></span>on make<span class=\"_ _0\"></span>rs on a regula<span class=\"_ _0\"></span>r basis. T<span class=\"_ _0\"></span>he Grou<span class=\"_ _0\"></span>p\u2019s assets and liabil<span class=\"_ _0\"></span>itie<span class=\"_ _0\"></span>s are manag<span class=\"_ _0\"></span>ed on a legal en<span class=\"_ _0\"></span>tit<span class=\"_ _0\"></span>y rath<span class=\"_ _0\"></span>er than a seg<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t basis, in line wi<span class=\"_ _0\"></span>th regul<span class=\"_ _0\"></span>ator<span class=\"_ _0\"></span>y req<span class=\"_ _0\"></span>uire<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts.<span class=\"_ _0\"></span> Fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial inform<span class=\"_ _0\"></span>ation on the rep<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>table se<span class=\"_ _0\"></span>gme<span class=\"_ _0\"></span>nts is fur<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er broken down whe<span class=\"_ _0\"></span>re releva<span class=\"_ _0\"></span>nt in order to <span class=\"_ _1\"></span>be<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ter explain the dr<span class=\"_ _0\"></span>iver<span class=\"_ _0\"></span>s of <span class=\"_ _1\"></span>the Grou<span class=\"_ _0\"></span>p\u2019s <span class=\"_ _1\"></span>resu<span class=\"_ _0\"></span>lts<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>(<span class=\"_ _1\"></span>a) <span class=\"_ _8\"> </span>P<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>of<span class=\"_ _0\"></span>it/(los<span class=\"_ _0\"></span>s<span class=\"_ _1\"></span>) for the ye<span class=\"_ _0\"></span>ar<span class=\"_ _3b2\"> </span><table class=\"s w148 h133\" id=\"_043b48a6-6273-4b2b-8c25-7f3c504e37ef\"><tr><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"t m2 x45a h13 y418d ff5 fs9 fc1 sc0 ls3d ws131\">Group </td><td></td></tr><tr><td></td><td class=\"t m2 x45b h13 y418e ff6 fs9 fc1 sc0 ls115 ws4f\">Institutional<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x45c h13 y418e ff5 fs9 fc1 sc0 ls3d ws131\">Asset<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m2 x45d h13 y418e ff5 fs9 fc1 sc0 ls3c ws11e\">Retail<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x45e h13 y418e ff5 fs9 fc1 sc0 ls14a ws164\">Corporate<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x288 h13 y418e ff5 fs9 fc1 sc0 ls1 ws16\">expenses and </td><td></td></tr><tr><td></td><td class=\"t m2 x45f h13 y418f ff5 fs9 fc1 sc0 ls1b ws1f\">Retire<span class=\"_ _0\"></span>ment<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x460 h13 y418f ff5 fs9 fc1 sc0 ls3d ws131\">Management<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x26a h13 y418f ff6 fs9 fc1 sc0 ls37 ws7\">Insurance<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x461 h13 y418f ff5 fs9 fc1 sc0 ls1b ws1f\">Retire<span class=\"_ _0\"></span>ment<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x462 h13 y418f ff6 fs9 fc1 sc0 ls2c ws34\">Inve<span class=\"_ _1\"></span>stments<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x463 h13 y418f ff5 fs9 fc1 sc0 ls18 ws0\">de<span class=\"_ _0\"></span>bt c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 h13 y418f ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 h13 y4190 ff5 fs9 fc1 sc0 ls18 ws0\">Fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>24<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x321 h13 y4190 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x464 h13 y4190 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x432 h13 y4190 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x465 h13 y4190 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x466 h13 y4190 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x467 h13 y4190 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 h13 y4190 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y40c0 w149 h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls113 ws5b\">Adjusted operating profit/(loss<span class=\"_ _1\"></span>)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x468 y40c0 w36 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">1,105<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x469 y40c0 w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">401<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x46a y40c0 w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">188<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x46b y40c0 w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">316<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x46c y40c0 w7b h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">95<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x46d y40c0 w3a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">(394)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x46e y40c0 w36 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">1,711<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4191 w11c h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Investment and other<span class=\"_ _1\"></span> variances<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x46f y4191 w3a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(557)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x470 y4191 w3a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(190)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x471 y4191 waf h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(52)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x472 y4191 w3a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(155)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x473 y4191 w3a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(388)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x474 y4191 w41 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(41)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x475 y4191 w33 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(1,383)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4192 w14a h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls11e ws5c\">Profits a<span class=\"_ _1\"></span>ttributable to<span class=\"_ _1\"></span> non-<span class=\"_ _0\"></span>controlling in<span class=\"_ _1\"></span>terest<span class=\"_ _1\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x476 y4192 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x477 y4192 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x478 y4192 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x479 y4192 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x47a y4192 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x47b y4192 w59 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x47c y4192 wa8 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4193 w14b h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls12e wsca\">Profit/(loss<span class=\"_ _1\"></span>)<span class=\"_ _1\"></span> before tax<span class=\"_ _1\"></span> attributable to equity holders<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x47d y4193 w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">548<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x47e y4193 w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">211<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x47f y4193 w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">136<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x480 y4193 w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">161<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x481 y4193 w3a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">(293)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x482 y4193 w3a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">(431)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x483 y4193 w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">332<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4108 w56 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws23\">T<span class=\"_ _4\"></span>ax (e<span class=\"_ _1\"></span>xpense<span class=\"_ _1\"></span>)/<span class=\"_ _1\"></span>credit<span class=\"_ _1\"></span> attributa<span class=\"_ _1\"></span>ble t<span class=\"_ _1\"></span>o equity<span class=\"_ _1\"></span> holders<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x484 y4108 w3a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(131)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x485 y4108 w14c h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(46)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x486 y4108 w41 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(41)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x487 y4108 w41 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(37)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x488 y4108 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x489 y4108 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">118<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x48a y4108 w3a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(137)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w14d h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls113 ws5b\">Profit/(loss<span class=\"_ _1\"></span>) for<span class=\"_ _1\"></span> the year<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x48b y40ae w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">417<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x48c y40ae w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">165<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x48d y40ae w7b h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">95<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x48e y40ae w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">124<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x48f y40ae w3a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">(293)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x490 y40ae w3a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">(313)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x491 y40ae w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">195<span class=\"_ _3b2\"> </span></div></td></tr></table><table class=\"s w14e h134\" id=\"_61fed222-e14b-4a71-8dcc-5414704a9573\"><tr><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"t m2 x45a hf y4194 ff3 fs9 fc1 sc0 ls45 ws100\">Group </td><td></td></tr><tr><td></td><td class=\"t m2 x492 hf y4195 ff3 fs9 fc1 sc0 ls10a ws118\">Institu<span class=\"_ _0\"></span>tional<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x45c hf y4195 ff3 fs9 fc1 sc0 ls1 ws0\">Asset<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m2 x493 hf y4195 ff3 fs9 fc1 sc0 ls10a ws118\">Retail<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x494 hf y4195 ff3 fs9 fc1 sc0 ls38 ws3a\">Corporate<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x495 hf y4195 ff3 fs9 fc1 sc0 ls168 ws123\">expenses and </td><td></td></tr><tr><td></td><td class=\"t m2 x496 hf y4196 ff3 fs9 fc1 sc0 ls10a ws118\">Retireme<span class=\"_ _0\"></span>nt<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x460 hf y4196 ff3 fs9 fc1 sc0 ls38 ws3a\">Management<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x497 hf y4196 ff3 fs9 fc1 sc0 ls187 ws19c\">Insurance<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x498 hf y4196 ff3 fs9 fc1 sc0 ls10a ws118\">Retireme<span class=\"_ _0\"></span>nt<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x499 hf y4196 ff3 fs9 fc1 sc0 ls187 ws19c\">Investments<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x49a hf y4196 ff3 fs9 fc1 sc0 ls18 ws0\">de<span class=\"_ _0\"></span>bt c<span class=\"_ _0\"></span>ost<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y4196 ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 hf y4197 ff3 fs9 fc1 sc0 ls18 ws0\">Fo<span class=\"_ _0\"></span>r the y<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>r en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>23 (<span class=\"_ _0\"></span>Res<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ted<span class=\"_ _0\"></span>)<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x321 hf y4197 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x464 hf y4197 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x432 hf y4197 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x465 hf y4197 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x466 hf y4197 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x467 hf y4197 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y4197 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y4198 w14f h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">Adjusted operating profit/(loss)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x49b y4198 wc5 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,028<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x49c y4198 w42 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">448<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x49d y4198 w42 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">139<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x49e y4198 w42 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">310<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x49f y4198 w42 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">136<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4a0 y4198 w3b h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(394)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x253 y4198 w37 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,667<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4199 w11c h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">Investment and other<span class=\"_ _1\"></span> variances<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4a1 y4199 wc6 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(555)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4a2 y4199 wc6 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(123)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4a3 y4199 w71 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(22)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4a4 y4199 w3b h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(149)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4a5 y4199 w3b h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(363)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4a6 y4199 w3b h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(365)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4a7 y4199 w34 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(1,577)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y419a w150 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">Losses attributable to non-<span class=\"_ _0\"></span>controlling inter<span class=\"_ _1\"></span>ests<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4a8 y419a wbd h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4a9 y419a wbd h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4aa y419a wbd h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4ab y419a wbd h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4ac y419a wbf h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4ad y419a w71 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(14)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4ae y419a w71 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(14)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w151 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Prof<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>/(lo<span class=\"_ _0\"></span>ss) befo<span class=\"_ _0\"></span>re ta<span class=\"_ _0\"></span>x at<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ib<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e to eq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y hol<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>rs<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4af y4121 w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">473<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4b0 y4121 w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">325<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4b1 y4121 w4b h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">117<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4b2 y4121 w4b h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">161<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4b3 y4121 w3b h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(227)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4b4 y4121 w3b h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(773)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4b5 y4121 w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">76<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ac w152 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws23\">T<span class=\"_ _4\"></span>ax credit/(<span class=\"_ _1\"></span>expens<span class=\"_ _1\"></span>e)<span class=\"_ _1\"></span> attributa<span class=\"_ _1\"></span>ble t<span class=\"_ _1\"></span>o equity<span class=\"_ _1\"></span> holders<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4b6 y40ac w153 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">236<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4b7 y40ac w71 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(30)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4b8 y40ac w71 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(44)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4b9 y40ac w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">61<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4ba y40ac w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">17<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4bb y40ac w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">127<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4bc y40ac w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">367<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae wbc h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Prof<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>/(lo<span class=\"_ _0\"></span>ss) for th<span class=\"_ _0\"></span>e yea<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4bd y40ae w153 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">709<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4be y40ae w153 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">295<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4bf y40ae w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">73<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4c0 y40ae w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">222<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4c1 y40ae w4d h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(210)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4c2 y40ae w4d h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(646)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4c3 y40ae w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">443<span class=\"_ _3b2\"> </span></div></td></tr></table>(b) <span class=\"_ _7\"> </span>Tota<span class=\"_ _0\"></span>l r<span class=\"_ _0\"></span>evenue \u2013 s<span class=\"_ _0\"></span>um<span class=\"_ _3\"></span>ma<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span>T<span class=\"_ _1\"></span>otal revenue inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>es insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce reve<span class=\"_ _0\"></span>nue<span class=\"_ _0\"></span>, fees fro<span class=\"_ _0\"></span>m fund ma<span class=\"_ _0\"></span>nage<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt and inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts an<span class=\"_ _0\"></span>d other op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>nal inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e from co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>acts<span class=\"_ _0\"></span> with cu<span class=\"_ _0\"></span>stom<span class=\"_ _0\"></span>ers<span class=\"_ _0\"></span>. Fur<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er de<span class=\"_ _0\"></span>tails on th<span class=\"_ _0\"></span>e com<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>nen<span class=\"_ _0\"></span>ts of insura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e revenu<span class=\"_ _0\"></span>e are discl<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>d in Note 21<span class=\"_ _1\"></span>. Othe<span class=\"_ _0\"></span>r ope<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>onal in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me fro<span class=\"_ _0\"></span>m con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts with<span class=\"_ _0\"></span> cus<span class=\"_ _0\"></span>tome<span class=\"_ _0\"></span>rs is a comp<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ent of othe<span class=\"_ _0\"></span>r ope<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>onal in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me and excl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>s the sha<span class=\"_ _0\"></span>re of profit<span class=\"_ _0\"></span>/<span class=\"_ _0\"></span>los<span class=\"_ _0\"></span>s from ass<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>iates and join<span class=\"_ _0\"></span>t venture<span class=\"_ _0\"></span>s, as well as gain<span class=\"_ _0\"></span>s/<span class=\"_ _3b2\"> </span>loss<span class=\"_ _0\"></span>es on disp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>al of subsidia<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>s, ass<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>iates, jo<span class=\"_ _0\"></span>int ventu<span class=\"_ _0\"></span>res and oth<span class=\"_ _0\"></span>er op<span class=\"_ _0\"></span>erat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e table<span class=\"_ _0\"></span>s bel<span class=\"_ _0\"></span>ow split th<span class=\"_ _0\"></span>e revenu<span class=\"_ _0\"></span>e by the geo<span class=\"_ _0\"></span>gr<span class=\"_ _0\"></span>aphi<span class=\"_ _0\"></span>c loc<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of the clien<span class=\"_ _0\"></span>t.<span class=\"_ _3b2\"> </span><table class=\"s w154 h135\" id=\"_c2700dfd-db44-4e2c-8081-862b80d4dbe7\"><tr><td></td><td class=\"t m2 x4c4 h13 y419b ff5 fs9 fc1 sc0 ls189 ws1ab\">Unite<span class=\"_ _0\"></span>d </td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m2 x4c5 h13 y419c ff6 fs9 fc1 sc0 ls3d ws131\">Kingdom<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x31d h13 y419c ff5 fs9 fc1 sc0 ls3d ws131\">USA<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x495 h13 y419c ff5 fs9 fc1 sc0 ls18 ws0\">Res<span class=\"_ _0\"></span>t o<span class=\"_ _0\"></span>f Wor<span class=\"_ _0\"></span>ld<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 h13 y419c ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 h13 y419d ff5 fs9 fc1 sc0 ls18 ws0\">Fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>24<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x465 h13 y419d ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x466 h13 y419d ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x467 h13 y419d ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 h13 y419d ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y4192 w2d h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 lsea ws27\">Insurance revenue<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4c6 y4192 w36 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">8,419<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4c7 y4192 w36 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">2,032<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4c8 y4192 w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">123<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4c9 y4192 w93 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">10,574<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y419e w48 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Fe<span class=\"_ _0\"></span>es fr<span class=\"_ _0\"></span>om f<span class=\"_ _0\"></span>und m<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt a<span class=\"_ _0\"></span>nd inv<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>cts<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x46b y419e w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">702<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x46c y419e w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">83<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4ca y419e w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">79<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4cb y419e w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">864<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4108 w155 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">O<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>al in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me f<span class=\"_ _0\"></span>rom c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>s wi<span class=\"_ _0\"></span>th cu<span class=\"_ _0\"></span>sto<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>rs<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4cc y4108 w36 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">1,249<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4cd y4108 wa8 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4ce y4108 wa6 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4cf y4108 w36 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">1,251<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w156 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls1 ws0\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> rev<span class=\"_ _1\"></span>enue<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4d0 y40ae w93 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">10,370<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4d1 y40ae w36 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">2,117<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4d2 y40ae w4a h11b\"><div class=\"t m2 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls56 ws55\">202<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4d3 y40ae w93 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">12,689<span class=\"_ _3b2\"> </span></div></td></tr></table><table class=\"s w157 h136\" id=\"_774c156b-4537-40f9-8e91-9c48adfb56b6\"><tr><td></td><td class=\"t m2 x4d4 hf y419f ff3 fs9 fc1 sc0 ls14a ws164\">Unite<span class=\"_ _1\"></span>d </td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m2 x4c5 hf y41a0 ff3 fs9 fc1 sc0 ls187 ws19c\">Kingdom<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x4d5 hf y41a0 ff3 fs9 fc1 sc0 ls30 ws9\">USA<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x495 hf y41a0 ff3 fs9 fc1 sc0 ls18 ws0\">Res<span class=\"_ _0\"></span>t of Wo<span class=\"_ _0\"></span>rl<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y41a0 ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 hf y41a1 ff3 fs9 fc1 sc0 ls18 ws0\">Fo<span class=\"_ _0\"></span>r the y<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>r en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>23<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x465 hf y41a1 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x466 hf y41a1 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x467 hf y41a1 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y41a1 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y40c2 w2d h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 lsea ws27\">Insurance revenue<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4d6 y40c2 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">7,679<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4d7 y40c2 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,830<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4d8 y40c2 w4b h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">115<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1d3 y40c2 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">9,624<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4183 w48 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Fe<span class=\"_ _0\"></span>es fr<span class=\"_ _0\"></span>om f<span class=\"_ _0\"></span>und m<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt a<span class=\"_ _0\"></span>nd inv<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>cts<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4d9 y4183 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">652<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4da y4183 w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">80<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4db y4183 w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">93<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4dc y4183 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">825<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4158 w155 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">O<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>al in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me f<span class=\"_ _0\"></span>rom c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>s wi<span class=\"_ _0\"></span>th cu<span class=\"_ _0\"></span>sto<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>rs<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4dd y4158 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,661<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4de y4158 w50 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4df y4158 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4e0 y4158 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,662<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w158 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls15e ws1ad\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span> r<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>u<span class=\"_ _3\"></span>e<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4e1 y40ae w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">9,992<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4e2 y40ae w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,911<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4e3 y40ae w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">208<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4e4 y40ae w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">12,111<span class=\"_ _3b2\"> </span></div></td></tr></table>(<span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>) <span class=\"_ _4c\"> </span>Total r<span class=\"_ _0\"></span>evenue \u2013 i<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>/ext<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l a<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>ly<span class=\"_ _0\"></span>sis<span class=\"_ _3b2\"> </span><table class=\"s w154 h137\" id=\"_c8a26310-b1c3-4a89-a8ea-821ffb901d18\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x49a h13 y41a2 ff5 fs9 fc1 sc0 ls14a ws164\">Corporate<span class=\"ls1 ws0\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x4e5 h13 y41a3 ff6 fs9 fc1 sc0 ls115 ws4f\">Institutional<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x4e6 h13 y41a3 ff5 fs9 fc1 sc0 ls3d ws131\">Asset<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m0 x4e7 h13 y41a3 ff5 fs9 fc1 sc0 ls3c ws11e\">Retail<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x4e8 h13 y41a3 ff6 fs9 fc1 sc0 ls2c ws34\">Inve<span class=\"_ _1\"></span>stments<span class=\"_ _3b2\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x4e9 h13 y41a4 ff5 fs9 fc1 sc0 ls1b ws1f\">Retire<span class=\"_ _0\"></span>ment<span class=\"_ _3b2\"> </span></td><td class=\"c x4eb y41a6 w159 h138\"><div class=\"t m0 x1ca h13 y40ef ff5 fs9 fc1 sc0 ls3d ws131\">Management</div><div class=\"t m0 x4ea h99 y41a5 ff5 fs1b fc1 sc0 ls1 ws0\">1</div></td><td class=\"t m0 x4ec h13 y41a4 ff6 fs9 fc1 sc0 ls37 ws7\">Insurance<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x287 h13 y41a4 ff5 fs9 fc1 sc0 ls1b ws1f\">Retire<span class=\"_ _0\"></span>ment<span class=\"_ _3b2\"> </span></td><td class=\"c x420 y41a6 w15a h138\"><div class=\"t m0 x1ca h13 y40ef ff5 fs9 fc1 sc0 ls38 ws3b\">and other</div><div class=\"t m0 x4ed h99 y41a5 ff5 fs1b fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"t m0 x1c7 h13 y41a4 ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 h13 y41a7 ff5 fs9 fc1 sc0 ls18 ws0\">Fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>24<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x464 h13 y41a7 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x432 h13 y41a7 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x465 h13 y41a7 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x466 h13 y41a7 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x467 h13 y41a7 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 h13 y41a7 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c x1cb y419e w15b h11a\"><div class=\"t m0 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls149 ws29\">Internal revenue</div><div class=\"t m0 x4ee h5a y41a8 ff3 fs1c fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4ef y4121 wa5 h116\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4f0 y4121 w4a h116\"><div class=\"t m0 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">193<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4f1 y4121 wa5 h116\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4f2 y4121 wa5 h116\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4f3 y4121 w3a h116\"><div class=\"t m0 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">(193)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4f4 y4121 wa5 h116\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41a9 w15c h116\"><div class=\"t m0 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls10a ws5a\">Ex<span class=\"_ _0\"></span>ternal revenue<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4f5 y41a9 w36 h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls56 ws55\">5,885<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4f6 y41a9 w4a h116\"><div class=\"t m0 x1ca h1a y40b1 ff5 fs6 fc1 sc0 ls56 ws55\">849<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4f7 y41a9 w36 h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls56 ws55\">3,366<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4f8 y41a9 w36 h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls56 ws55\">1,584<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4f9 y41a9 w36 h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls56 ws55\">1,005<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4fa y41a9 w2f h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls56 ws55\">12,689<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w156 h116\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> rev<span class=\"_ _1\"></span>enue<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4fb y40ae w36 h116\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">5,885<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4fc y40ae w36 h116\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">1,042<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4fd y40ae w36 h116\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">3,366<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4fe y40ae w36 h116\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">1,584<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4ff y40ae w4a h116\"><div class=\"t m0 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">812<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x500 y40ae w2f h116\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">12,689<span class=\"_ _3b2\"> </span></div></td></tr></table><table class=\"s w15d h139\" id=\"_2a2c3dc9-ba29-4082-9db1-aad5f588501f\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x501 hf y41aa ff3 fs9 fc1 sc0 ls38 ws3a\">Corporate<span class=\"ls1 ws0\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x4e9 hf y41ab ff3 fs9 fc1 sc0 ls10a ws118\">Institu<span class=\"_ _0\"></span>tional<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x502 hf y41ab ff3 fs9 fc1 sc0 ls1 ws0\">Asset<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m0 x325 hf y41ab ff3 fs9 fc1 sc0 ls10a ws118\">Retail<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x503 hf y41ab ff3 fs9 fc1 sc0 ls187 ws19c\">Investments<span class=\"_ _3b2\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x269 hf y41ac ff3 fs9 fc1 sc0 ls10a ws118\">Retireme<span class=\"_ _0\"></span>nt<span class=\"_ _3b2\"> </span></td><td class=\"c x505 y41ae w15e h11e\"><div class=\"t m0 x1ca hf y415b ff3 fs9 fc1 sc0 ls38 ws3a\">Management</div><div class=\"t m0 x504 ha4 y41ad ff3 fs1b fc1 sc0 ls1 ws0\">1</div></td><td class=\"t m0 x506 hf y41ac ff3 fs9 fc1 sc0 ls187 ws19c\">Insurance<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x507 hf y41ac ff3 fs9 fc1 sc0 ls10a ws118\">Retireme<span class=\"_ _0\"></span>nt<span class=\"_ _3b2\"> </span></td><td class=\"c x509 y41ae w15f h11e\"><div class=\"t m0 x1ca hf y415b ff3 fs9 fc1 sc0 ls18 ws0\">and o<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er</div><div class=\"t m0 x508 ha4 y41ad ff3 fs1b fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"t m0 x1c7 hf y41ac ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 hf y41af ff3 fs9 fc1 sc0 ls18 ws0\">Fo<span class=\"_ _0\"></span>r the y<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>r en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>23 (<span class=\"_ _0\"></span>Res<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ted<span class=\"_ _0\"></span>)<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x464 hf y41af ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x432 hf y41af ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x465 hf y41af ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x466 hf y41af ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x467 hf y41af ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 hf y41af ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c x1cb y4183 w15b h11a\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls149 ws29\">Internal revenue</div><div class=\"t m0 x4ee h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x50a y4183 wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x50b y4183 w42 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">176<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x50c y4183 wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x50d y4183 wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x50e y4183 w3b h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(176)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x50f y4183 wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ac w15c h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10a ws5a\">Ex<span class=\"_ _0\"></span>ternal revenue<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x510 y40ac wc5 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5,257<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x511 y40ac w42 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">930<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x512 y40ac w30 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,115<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x513 y40ac w30 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,468<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x514 y40ac w30 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,341<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x515 y40ac w3e h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">12,111<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w158 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls15e ws1ad\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span> r<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>u<span class=\"_ _3\"></span>e<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x516 y40ae wc5 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5,257<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x517 y40ae w37 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,106<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x518 y40ae w37 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,115<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x519 y40ae w37 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,468<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x51a y40ae w37 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,165<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x51b y40ae w3e h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">12,111<span class=\"_ _3b2\"> </span></div></td></tr></table>1. <span class=\"_ _15\"> </span>As<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t M<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t in<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>al r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ue r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>tes t<span class=\"_ _0\"></span>o in<span class=\"_ _0\"></span>ves<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t ma<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t s<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>vic<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s pr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r s<span class=\"_ _0\"></span>eg<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>2. <span class=\"_ _15\"> </span>O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s in<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r-<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>gm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>al e<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns a<span class=\"_ _0\"></span>nd G<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>p c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>da<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on a<span class=\"_ _0\"></span>dj<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>3. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>As<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t M<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t rev<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>e in<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>e in<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t ma<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e d<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n un<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ta<span class=\"_ _0\"></span>kes o<span class=\"_ _0\"></span>n be<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>f of ot<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>er G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>p bu<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>e fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e mo<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t si<span class=\"_ _0\"></span>gn<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>fic<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n of th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>se a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>sl<span class=\"_ _0\"></span>y u<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ke<span class=\"_ _0\"></span>n by t<span class=\"_ _0\"></span>he L<span class=\"_ _0\"></span>GI<span class=\"_ _0\"></span>M di<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n pr<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>r to t<span class=\"_ _0\"></span>he 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>tu<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e in J<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>e 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>, ar<span class=\"_ _0\"></span>e in<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d i<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e ab<span class=\"_ _0\"></span>ove t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>e on a g<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>s bas<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>. A<span class=\"_ _0\"></span>ny a<span class=\"_ _0\"></span>dd<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>al s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>s pr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>y As<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t M<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t to o<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er d<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, no<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>y th<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>se i<span class=\"_ _0\"></span>nh<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d fr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>m th<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>us L<span class=\"_ _0\"></span>GC d<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>, a<span class=\"_ _0\"></span>re e<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d in t<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>gm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>al d<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d on a n<span class=\"_ _0\"></span>et b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>. Pr<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>r ye<span class=\"_ _0\"></span>ar c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ves h<span class=\"_ _0\"></span>ave b<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>en a<span class=\"_ _0\"></span>dj<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed to b<span class=\"_ _0\"></span>e o<span class=\"_ _0\"></span>n a co<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>sis<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t ba<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>s.<span class=\"_ _3b2\"> </span>(<span class=\"_ _1\"></span>d) <span class=\"_ _217\"> </span>Fees f<span class=\"_ _0\"></span>rom f<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>nd m<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>gement a<span class=\"_ _0\"></span>nd i<span class=\"_ _0\"></span>nvest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span>Fee<span class=\"_ _0\"></span>s from fu<span class=\"_ _0\"></span>nd mana<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t and invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>e fees for admi<span class=\"_ _0\"></span>nistr<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n and mana<span class=\"_ _0\"></span>ging of fun<span class=\"_ _0\"></span>ds in pen<span class=\"_ _0\"></span>sio<span class=\"_ _0\"></span>n plans<span class=\"_ _0\"></span>, as well as<span class=\"_ gsec\"> </span>reven<span class=\"_ _0\"></span>ue ge<span class=\"_ _0\"></span>ner<span class=\"_ _0\"></span>ated from ac<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g as the investm<span class=\"_ _0\"></span>ent ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>er for clie<span class=\"_ _0\"></span>nts<span class=\"_ _0\"></span>. T<span class=\"_ _4\"></span>r<span class=\"_ _0\"></span>ansa<span class=\"_ _0\"></span>ctio<span class=\"_ _0\"></span>n fees are ch<span class=\"_ _0\"></span>arge<span class=\"_ _0\"></span>d to imple<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt trad<span class=\"_ _0\"></span>es for clie<span class=\"_ _0\"></span>nts.<span class=\"_ _3b2\"> </span><table class=\"s w154 h13a\" id=\"_65031344-513b-43d4-ad4e-af28afd9fd3d\"><tr><td></td><td></td><td></td><td class=\"t m0 x49a h13 y41b0 ff5 fs9 fc1 sc0 ls14a ws164\">Corporate<span class=\"ls1 ws0\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x45d h13 y41b1 ff5 fs9 fc1 sc0 ls3d ws131\">Asset<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x4e7 h13 y41b1 ff5 fs9 fc1 sc0 ls3c ws11e\">Retail<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x4e8 h13 y41b1 ff6 fs9 fc1 sc0 ls2c ws34\">Inve<span class=\"_ _1\"></span>stments<span class=\"_ _3b2\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x51c h13 y41b2 ff5 fs9 fc1 sc0 ls3d ws131\">Management<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x287 h13 y41b2 ff5 fs9 fc1 sc0 ls1b ws1f\">Retire<span class=\"_ _0\"></span>ment<span class=\"_ _3b2\"> </span></td><td class=\"c x420 y41b4 w160 h123\"><div class=\"t m0 x1ca h13 y4151 ff5 fs9 fc1 sc0 ls38 ws3b\">and other</div><div class=\"t m0 x51d h99 y41b3 ff5 fs1b fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"t m0 x1c7 h13 y41b2 ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 h13 y41b5 ff5 fs9 fc1 sc0 ls18 ws0\">Fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>24<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x465 h13 y41b5 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x466 h13 y41b5 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x467 h13 y41b5 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 h13 y41b5 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c x1cb y419e w161 h11a\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls113 ws5b\">Inv<span class=\"_ _1\"></span>estment con<span class=\"_ _1\"></span>tracts<span class=\"_ _1\"></span> and mana<span class=\"_ _1\"></span>gement f<span class=\"_ _1\"></span>ees</div><div class=\"t m0 x425 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x51e y4121 w4a h11b\"><div class=\"t m0 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls56 ws55\">909<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x51f y4121 w4a h11b\"><div class=\"t m0 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls56 ws55\">122<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x520 y4121 w3a h11b\"><div class=\"t m0 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">(186)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x521 y4121 w4a h11b\"><div class=\"t m0 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls56 ws55\">845<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4108 w162 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">T<span class=\"_ _1\"></span>ransaction<span class=\"_ _1\"></span> fees<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x522 y4108 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">19<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x523 y4108 wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4ce y4108 wa6 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x524 y4108 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">19<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w163 h11b\"><div class=\"t m0 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l fee<span class=\"_ _0\"></span>s fro<span class=\"_ _0\"></span>m fu<span class=\"_ _0\"></span>nd ma<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t an<span class=\"_ _0\"></span>d inves<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t con<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x525 y40ae w4a h11b\"><div class=\"t m0 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls56 ws55\">928<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x526 y40ae w4a h11b\"><div class=\"t m0 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls56 ws55\">122<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x527 y40ae w3a h11b\"><div class=\"t m0 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">(186)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x528 y40ae w4a h11b\"><div class=\"t m0 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">864<span class=\"_ _3b2\"> </span></div></td></tr></table><table class=\"s w164 h13b\" id=\"_b1b6989c-1f7f-41ba-99a5-507bf9e03bc1\"><tr><td></td><td></td><td></td><td class=\"t m0 x501 hf y41b6 ff3 fs9 fc1 sc0 ls38 ws3a\">Corporate<span class=\"ls1 ws0\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x493 hf y41b7 ff3 fs9 fc1 sc0 ls1 ws0\">Asset<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x325 hf y41b7 ff3 fs9 fc1 sc0 ls10a ws118\">Retail<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x503 hf y41b7 ff3 fs9 fc1 sc0 ls187 ws19c\">Investments<span class=\"_ _3b2\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x529 hf y41b8 ff3 fs9 fc1 sc0 ls38 ws3a\">Management<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x507 hf y41b8 ff3 fs9 fc1 sc0 ls10a ws118\">Retireme<span class=\"_ _0\"></span>nt<span class=\"_ _3b2\"> </span></td><td class=\"c x509 y41b9 w15f h11e\"><div class=\"t m0 x1ca hf y40a5 ff3 fs9 fc1 sc0 ls18 ws0\">and o<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er</div><div class=\"t m0 x508 ha4 y410d ff3 fs1b fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"t m0 x1c7 hf y41b8 ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 hf y41ba ff3 fs9 fc1 sc0 ls18 ws0\">Fo<span class=\"_ _0\"></span>r the y<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>r en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>23 (<span class=\"_ _0\"></span>Res<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ted<span class=\"_ _0\"></span>)<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x465 hf y41ba ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x466 hf y41ba ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x467 hf y41ba ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 hf y41ba ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c x1cb y4121 w161 h11a\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls113 ws5b\">Inv<span class=\"_ _1\"></span>estment con<span class=\"_ _1\"></span>tracts<span class=\"_ _1\"></span> and mana<span class=\"_ _1\"></span>gement f<span class=\"_ _1\"></span>ees</div><div class=\"t m0 x425 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x51e y4121 w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">869<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x52a y4121 w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">104<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x52b y4121 w3b h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(173)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x52c y4121 w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">800<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ac w162 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">T<span class=\"_ _1\"></span>ransaction<span class=\"_ _1\"></span> fees<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x522 y40ac w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">25<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x52d y40ac wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x52e y40ac wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x52f y40ac w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">25<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w165 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">T<span class=\"_ _1\"></span>otal fee<span class=\"_ _0\"></span>s fro<span class=\"_ _0\"></span>m fu<span class=\"_ _0\"></span>nd m<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt an<span class=\"_ _0\"></span>d inve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>ts<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x530 y40ae w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">894<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x531 y40ae w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">104<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x532 y40ae w4d h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(173)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x42a y40ae w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">825<span class=\"_ _3b2\"> </span></div></td></tr></table>1. <span class=\"_ _15\"> </span>O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s in<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r-<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>gm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>al e<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns a<span class=\"_ _0\"></span>nd G<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>p c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>da<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on a<span class=\"_ _0\"></span>dj<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>2. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>As<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t M<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t rev<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>e in<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>e in<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t ma<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e d<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n un<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ta<span class=\"_ _0\"></span>kes o<span class=\"_ _0\"></span>n be<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>f of ot<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>er G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>p bu<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>e fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e mo<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t si<span class=\"_ _0\"></span>gn<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>fic<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n of th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>se a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>sl<span class=\"_ _0\"></span>y u<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ke<span class=\"_ _0\"></span>n by t<span class=\"_ _0\"></span>he L<span class=\"_ _0\"></span>GI<span class=\"_ _0\"></span>M di<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n pr<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>r to t<span class=\"_ _0\"></span>he 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>tu<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e in J<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>e 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>, ar<span class=\"_ _0\"></span>e in<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d i<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e ab<span class=\"_ _0\"></span>ove t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>e on a g<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>s bas<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>. A<span class=\"_ _0\"></span>ny a<span class=\"_ _0\"></span>dd<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>al s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>s pr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>y As<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t M<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t to o<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er d<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, no<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>y th<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>se i<span class=\"_ _0\"></span>nh<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d fr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>m th<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>us L<span class=\"_ _0\"></span>GC d<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>, a<span class=\"_ _0\"></span>re e<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d in t<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>gm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>al d<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d on a n<span class=\"_ _0\"></span>et b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>. Pr<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>r p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>es h<span class=\"_ _0\"></span>ave b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n a<span class=\"_ _0\"></span>dj<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d to b<span class=\"_ _0\"></span>e on a c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t ba<span class=\"_ _0\"></span>sis<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>(<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>) <span class=\"_ _4c\"> </span>Ot<span class=\"_ _0\"></span>her o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>iona<span class=\"_ _0\"></span>l i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ome f<span class=\"_ _0\"></span>rom cont<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>ts w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h cu<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>omer<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span>Ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r ope<span class=\"_ _0\"></span>ratio<span class=\"_ _0\"></span>nal in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me fro<span class=\"_ _0\"></span>m cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>ts with cu<span class=\"_ _0\"></span>stom<span class=\"_ _0\"></span>ers in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>des ho<span class=\"_ _0\"></span>use bu<span class=\"_ _0\"></span>ildin<span class=\"_ _0\"></span>g revenu<span class=\"_ _0\"></span>e, reve<span class=\"_ _0\"></span>nue ar<span class=\"_ _0\"></span>isin<span class=\"_ _0\"></span>g from profess<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>al ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>es and insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce bro<span class=\"_ _0\"></span>ker fees<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span><table class=\"s w154 h13d\" id=\"_54f03551-7cb6-42e8-a72d-90fb37a3f07a\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x49a h13 y41c2 ff5 fs9 fc1 sc0 ls14a ws164\">Corporate<span class=\"ls1 ws0\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x4e5 h13 y41c3 ff6 fs9 fc1 sc0 ls115 ws4f\">Institutional<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x4e6 h13 y41c3 ff5 fs9 fc1 sc0 ls3d ws131\">Asset<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m0 x4e7 h13 y41c3 ff5 fs9 fc1 sc0 ls3c ws11e\">Retail<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x4e8 h13 y41c3 ff6 fs9 fc1 sc0 ls2c ws34\">Inve<span class=\"_ _1\"></span>stments<span class=\"_ _3b2\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x4e9 h13 y41c4 ff5 fs9 fc1 sc0 ls1b ws1f\">Retire<span class=\"_ _0\"></span>ment<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x54a h13 y41c4 ff5 fs9 fc1 sc0 ls3d ws131\">Management<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x4ec h13 y41c4 ff6 fs9 fc1 sc0 ls37 ws7\">Insurance<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x287 h13 y41c4 ff5 fs9 fc1 sc0 ls1b ws1f\">Retire<span class=\"_ _0\"></span>ment<span class=\"_ _3b2\"> </span></td><td class=\"c x420 y41c5 w15a h123\"><div class=\"t m0 x1ca h13 y4151 ff5 fs9 fc1 sc0 ls38 ws3b\">and other</div><div class=\"t m0 x4ed h99 y41b3 ff5 fs1b fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"t m0 x1c7 h13 y41c4 ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 h13 y41c6 ff5 fs9 fc1 sc0 ls18 ws0\">Fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>24<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x464 h13 y41c6 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x432 h13 y41c6 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x465 h13 y41c6 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x466 h13 y41c6 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x467 h13 y41c6 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 h13 y41c6 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y41c7 w167 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">House building<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x54b y41c7 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">14<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x54c y41c7 w4a h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">100<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x54d y41c7 wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x54e y41c7 wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x54f y41c7 w4a h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">984<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x550 y41c7 w36 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">1,098<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y419e w168 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">Profess<span class=\"_ _1\"></span>ional serv<span class=\"_ _0\"></span>ices fees<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x539 y419e wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x551 y419e w70 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">14<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x552 y419e w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">51<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x553 y419e wa8 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">6<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x554 y419e w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">13<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x555 y419e w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">84<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41a9 w169 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 lsea ws27\">Insurance broker<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x53e y41a9 wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x556 y41a9 wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x557 y41a9 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">68<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x558 y41a9 wa6 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x559 y41a9 wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x222 y41a9 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">68<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y40ae w16c h11f\"><div class=\"t m0 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls11c ws25\">T<span class=\"_ _4\"></span>ot<span class=\"_ _0\"></span>al other<span class=\"_ _1\"></span> operational income<span class=\"_ _1\"></span> from<span class=\"_ _1\"></span> contracts with customers</div><div class=\"t m0 x55a h91 y40aa ff5 fs1c fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x55b y40ae w7b h11b\"><div class=\"t m0 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls56 ws55\">14<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x55c y40ae w4a h11b\"><div class=\"t m0 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls56 ws55\">114<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x55d y40ae w4a h11b\"><div class=\"t m0 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls56 ws55\">119<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x55e y40ae wa8 h11b\"><div class=\"t m0 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls1 ws0\">6<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x55f y40ae w4a h11b\"><div class=\"t m0 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">997<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x560 y40ae w36 h11b\"><div class=\"t m0 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">1,250<span class=\"_ _3b2\"> </span></div></td></tr></table><table class=\"s w166 h13c\" id=\"_52c85b65-1dd5-4f9a-8262-df0e3985f7ce\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x501 hf y41bb ff3 fs9 fc1 sc0 ls38 ws3a\">Corporate<span class=\"ls1 ws0\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x4e9 hf y41bc ff3 fs9 fc1 sc0 ls10a ws118\">Institu<span class=\"_ _0\"></span>tional<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x502 hf y41bc ff3 fs9 fc1 sc0 ls1 ws0\">Asset<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m0 x325 hf y41bc ff3 fs9 fc1 sc0 ls10a ws118\">Retail<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x503 hf y41bc ff3 fs9 fc1 sc0 ls187 ws19c\">Investments<span class=\"_ _3b2\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x269 hf y41bd ff3 fs9 fc1 sc0 ls10a ws118\">Retireme<span class=\"_ _0\"></span>nt<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x275 hf y41bd ff3 fs9 fc1 sc0 ls38 ws3a\">Management<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x506 hf y41bd ff3 fs9 fc1 sc0 ls187 ws19c\">Insurance<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x507 hf y41bd ff3 fs9 fc1 sc0 ls10a ws118\">Retireme<span class=\"_ _0\"></span>nt<span class=\"_ _3b2\"> </span></td><td class=\"c x509 y41bf w15f h11e\"><div class=\"t m0 x1ca hf y40a5 ff3 fs9 fc1 sc0 ls18 ws0\">and o<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er</div><div class=\"t m0 x508 ha4 y41be ff3 fs1b fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"t m0 x1c7 hf y41bd ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 hf y41c0 ff3 fs9 fc1 sc0 ls18 ws0\">Fo<span class=\"_ _0\"></span>r the y<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>r en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>23 (<span class=\"_ _0\"></span>Res<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ted<span class=\"_ _0\"></span>)<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x464 hf y41c0 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x432 hf y41c0 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x465 hf y41c0 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x466 hf y41c0 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x467 hf y41c0 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 hf y41c0 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y40c2 w167 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">House building<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x533 y40c2 w50 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x534 y40c2 w42 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">208<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x535 y40c2 wbd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x536 y40c2 wbd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x537 y40c2 w30 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,321<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x538 y40c2 w30 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,531<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4183 w168 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">Profess<span class=\"_ _1\"></span>ional serv<span class=\"_ _0\"></span>ices fees<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x539 y4183 wbe h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x53a y4183 w50 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4b9 y4183 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">46<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x53b y4183 w75 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x53c y4183 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">17<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x53d y4183 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">74<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4122 w169 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 lsea ws27\">Insurance broker<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x53e y4122 wbe h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x53f y4122 wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x540 y4122 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">57<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x541 y4122 wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x542 y4122 wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x543 y4122 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">57<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y41c1 w16a h11a\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">T<span class=\"_ _1\"></span>otal oth<span class=\"_ _0\"></span>er o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>nal i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e fro<span class=\"_ _0\"></span>m co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>ts wi<span class=\"_ _0\"></span>th c<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>tome<span class=\"_ _0\"></span>rs</div><div class=\"t m0 x544 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4ef y40ae w16b h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x545 y40ae w42 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">212<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x546 y40ae w42 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">103<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x547 y40ae w75 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x548 y40ae w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,338<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x549 y40ae w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,662<span class=\"_ _3b2\"> </span></div></td></tr></table>1. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s in<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r-<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>gm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>al e<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns a<span class=\"_ _0\"></span>nd G<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>p c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>da<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on a<span class=\"_ _0\"></span>dj<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>2. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>T<span class=\"_ _1\"></span>ot<span class=\"_ _0\"></span>al o<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er o<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>al i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>me f<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>m c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ts w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h cu<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>s exc<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>es t<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>re o<span class=\"_ _0\"></span>f pr<span class=\"_ _0\"></span>ofi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>/<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>s fr<span class=\"_ _0\"></span>om a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d jo<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>nt ve<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, an<span class=\"_ _0\"></span>d th<span class=\"_ _0\"></span>e g<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>n on d<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>sa<span class=\"_ _0\"></span>l of s<span class=\"_ _0\"></span>ub<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, as<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>nd j<span class=\"_ _0\"></span>oi<span class=\"_ _0\"></span>nt v<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-724": {
   "value": "(b) <span class=\"_ _7\"> </span>Tota<span class=\"_ _0\"></span>l r<span class=\"_ _0\"></span>evenue \u2013 s<span class=\"_ _0\"></span>um<span class=\"_ _3\"></span>ma<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span>T<span class=\"_ _1\"></span>otal revenue inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>es insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce reve<span class=\"_ _0\"></span>nue<span class=\"_ _0\"></span>, fees fro<span class=\"_ _0\"></span>m fund ma<span class=\"_ _0\"></span>nage<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt and inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts an<span class=\"_ _0\"></span>d other op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>nal inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e from co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>acts<span class=\"_ _0\"></span> with cu<span class=\"_ _0\"></span>stom<span class=\"_ _0\"></span>ers<span class=\"_ _0\"></span>. Fur<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er de<span class=\"_ _0\"></span>tails on th<span class=\"_ _0\"></span>e com<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>nen<span class=\"_ _0\"></span>ts of insura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e revenu<span class=\"_ _0\"></span>e are discl<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>d in Note 21<span class=\"_ _1\"></span>. Othe<span class=\"_ _0\"></span>r ope<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>onal in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me fro<span class=\"_ _0\"></span>m con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts with<span class=\"_ _0\"></span> cus<span class=\"_ _0\"></span>tome<span class=\"_ _0\"></span>rs is a comp<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ent of othe<span class=\"_ _0\"></span>r ope<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>onal in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me and excl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>s the sha<span class=\"_ _0\"></span>re of profit<span class=\"_ _0\"></span>/<span class=\"_ _0\"></span>los<span class=\"_ _0\"></span>s from ass<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>iates and join<span class=\"_ _0\"></span>t venture<span class=\"_ _0\"></span>s, as well as gain<span class=\"_ _0\"></span>s/<span class=\"_ _3b2\"> </span>loss<span class=\"_ _0\"></span>es on disp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>al of subsidia<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>s, ass<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>iates, jo<span class=\"_ _0\"></span>int ventu<span class=\"_ _0\"></span>res and oth<span class=\"_ _0\"></span>er op<span class=\"_ _0\"></span>erat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e table<span class=\"_ _0\"></span>s bel<span class=\"_ _0\"></span>ow split th<span class=\"_ _0\"></span>e revenu<span class=\"_ _0\"></span>e by the geo<span class=\"_ _0\"></span>gr<span class=\"_ _0\"></span>aphi<span class=\"_ _0\"></span>c loc<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of the clien<span class=\"_ _0\"></span>t.<span class=\"_ _3b2\"> </span><table class=\"s w154 h135\" id=\"_c2700dfd-db44-4e2c-8081-862b80d4dbe7\"><tr><td></td><td class=\"t m2 x4c4 h13 y419b ff5 fs9 fc1 sc0 ls189 ws1ab\">Unite<span class=\"_ _0\"></span>d </td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m2 x4c5 h13 y419c ff6 fs9 fc1 sc0 ls3d ws131\">Kingdom<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x31d h13 y419c ff5 fs9 fc1 sc0 ls3d ws131\">USA<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x495 h13 y419c ff5 fs9 fc1 sc0 ls18 ws0\">Res<span class=\"_ _0\"></span>t o<span class=\"_ _0\"></span>f Wor<span class=\"_ _0\"></span>ld<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 h13 y419c ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 h13 y419d ff5 fs9 fc1 sc0 ls18 ws0\">Fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>24<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x465 h13 y419d ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x466 h13 y419d ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x467 h13 y419d ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 h13 y419d ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y4192 w2d h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 lsea ws27\">Insurance revenue<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4c6 y4192 w36 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">8,419<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4c7 y4192 w36 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">2,032<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4c8 y4192 w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">123<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4c9 y4192 w93 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">10,574<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y419e w48 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Fe<span class=\"_ _0\"></span>es fr<span class=\"_ _0\"></span>om f<span class=\"_ _0\"></span>und m<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt a<span class=\"_ _0\"></span>nd inv<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>cts<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x46b y419e w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">702<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x46c y419e w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">83<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4ca y419e w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">79<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4cb y419e w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">864<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4108 w155 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">O<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>al in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me f<span class=\"_ _0\"></span>rom c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>s wi<span class=\"_ _0\"></span>th cu<span class=\"_ _0\"></span>sto<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>rs<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4cc y4108 w36 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">1,249<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4cd y4108 wa8 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4ce y4108 wa6 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4cf y4108 w36 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">1,251<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w156 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls1 ws0\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> rev<span class=\"_ _1\"></span>enue<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4d0 y40ae w93 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">10,370<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4d1 y40ae w36 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">2,117<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4d2 y40ae w4a h11b\"><div class=\"t m2 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls56 ws55\">202<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4d3 y40ae w93 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">12,689<span class=\"_ _3b2\"> </span></div></td></tr></table><table class=\"s w157 h136\" id=\"_774c156b-4537-40f9-8e91-9c48adfb56b6\"><tr><td></td><td class=\"t m2 x4d4 hf y419f ff3 fs9 fc1 sc0 ls14a ws164\">Unite<span class=\"_ _1\"></span>d </td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m2 x4c5 hf y41a0 ff3 fs9 fc1 sc0 ls187 ws19c\">Kingdom<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x4d5 hf y41a0 ff3 fs9 fc1 sc0 ls30 ws9\">USA<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x495 hf y41a0 ff3 fs9 fc1 sc0 ls18 ws0\">Res<span class=\"_ _0\"></span>t of Wo<span class=\"_ _0\"></span>rl<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y41a0 ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 hf y41a1 ff3 fs9 fc1 sc0 ls18 ws0\">Fo<span class=\"_ _0\"></span>r the y<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>r en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>23<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x465 hf y41a1 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x466 hf y41a1 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x467 hf y41a1 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y41a1 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y40c2 w2d h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 lsea ws27\">Insurance revenue<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4d6 y40c2 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">7,679<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4d7 y40c2 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,830<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4d8 y40c2 w4b h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">115<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1d3 y40c2 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">9,624<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4183 w48 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Fe<span class=\"_ _0\"></span>es fr<span class=\"_ _0\"></span>om f<span class=\"_ _0\"></span>und m<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt a<span class=\"_ _0\"></span>nd inv<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>cts<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4d9 y4183 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">652<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4da y4183 w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">80<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4db y4183 w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">93<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4dc y4183 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">825<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4158 w155 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">O<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>al in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me f<span class=\"_ _0\"></span>rom c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>s wi<span class=\"_ _0\"></span>th cu<span class=\"_ _0\"></span>sto<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>rs<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4dd y4158 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,661<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4de y4158 w50 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4df y4158 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4e0 y4158 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,662<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w158 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls15e ws1ad\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span> r<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>u<span class=\"_ _3\"></span>e<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4e1 y40ae w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">9,992<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4e2 y40ae w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,911<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4e3 y40ae w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">208<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4e4 y40ae w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">12,111<span class=\"_ _3b2\"> </span></div></td></tr></table>(<span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>) <span class=\"_ _4c\"> </span>Total r<span class=\"_ _0\"></span>evenue \u2013 i<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>/ext<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l a<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>ly<span class=\"_ _0\"></span>sis<span class=\"_ _3b2\"> </span><table class=\"s w154 h137\" id=\"_c8a26310-b1c3-4a89-a8ea-821ffb901d18\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x49a h13 y41a2 ff5 fs9 fc1 sc0 ls14a ws164\">Corporate<span class=\"ls1 ws0\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x4e5 h13 y41a3 ff6 fs9 fc1 sc0 ls115 ws4f\">Institutional<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x4e6 h13 y41a3 ff5 fs9 fc1 sc0 ls3d ws131\">Asset<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m0 x4e7 h13 y41a3 ff5 fs9 fc1 sc0 ls3c ws11e\">Retail<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x4e8 h13 y41a3 ff6 fs9 fc1 sc0 ls2c ws34\">Inve<span class=\"_ _1\"></span>stments<span class=\"_ _3b2\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x4e9 h13 y41a4 ff5 fs9 fc1 sc0 ls1b ws1f\">Retire<span class=\"_ _0\"></span>ment<span class=\"_ _3b2\"> </span></td><td class=\"c x4eb y41a6 w159 h138\"><div class=\"t m0 x1ca h13 y40ef ff5 fs9 fc1 sc0 ls3d ws131\">Management</div><div class=\"t m0 x4ea h99 y41a5 ff5 fs1b fc1 sc0 ls1 ws0\">1</div></td><td class=\"t m0 x4ec h13 y41a4 ff6 fs9 fc1 sc0 ls37 ws7\">Insurance<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x287 h13 y41a4 ff5 fs9 fc1 sc0 ls1b ws1f\">Retire<span class=\"_ _0\"></span>ment<span class=\"_ _3b2\"> </span></td><td class=\"c x420 y41a6 w15a h138\"><div class=\"t m0 x1ca h13 y40ef ff5 fs9 fc1 sc0 ls38 ws3b\">and other</div><div class=\"t m0 x4ed h99 y41a5 ff5 fs1b fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"t m0 x1c7 h13 y41a4 ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 h13 y41a7 ff5 fs9 fc1 sc0 ls18 ws0\">Fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>24<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x464 h13 y41a7 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x432 h13 y41a7 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x465 h13 y41a7 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x466 h13 y41a7 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x467 h13 y41a7 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 h13 y41a7 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c x1cb y419e w15b h11a\"><div class=\"t m0 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls149 ws29\">Internal revenue</div><div class=\"t m0 x4ee h5a y41a8 ff3 fs1c fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4ef y4121 wa5 h116\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4f0 y4121 w4a h116\"><div class=\"t m0 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">193<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4f1 y4121 wa5 h116\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4f2 y4121 wa5 h116\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4f3 y4121 w3a h116\"><div class=\"t m0 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">(193)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4f4 y4121 wa5 h116\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41a9 w15c h116\"><div class=\"t m0 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls10a ws5a\">Ex<span class=\"_ _0\"></span>ternal revenue<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4f5 y41a9 w36 h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls56 ws55\">5,885<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4f6 y41a9 w4a h116\"><div class=\"t m0 x1ca h1a y40b1 ff5 fs6 fc1 sc0 ls56 ws55\">849<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4f7 y41a9 w36 h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls56 ws55\">3,366<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4f8 y41a9 w36 h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls56 ws55\">1,584<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4f9 y41a9 w36 h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls56 ws55\">1,005<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4fa y41a9 w2f h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls56 ws55\">12,689<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w156 h116\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> rev<span class=\"_ _1\"></span>enue<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4fb y40ae w36 h116\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">5,885<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4fc y40ae w36 h116\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">1,042<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4fd y40ae w36 h116\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">3,366<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4fe y40ae w36 h116\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">1,584<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4ff y40ae w4a h116\"><div class=\"t m0 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">812<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x500 y40ae w2f h116\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">12,689<span class=\"_ _3b2\"> </span></div></td></tr></table><table class=\"s w15d h139\" id=\"_2a2c3dc9-ba29-4082-9db1-aad5f588501f\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x501 hf y41aa ff3 fs9 fc1 sc0 ls38 ws3a\">Corporate<span class=\"ls1 ws0\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x4e9 hf y41ab ff3 fs9 fc1 sc0 ls10a ws118\">Institu<span class=\"_ _0\"></span>tional<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x502 hf y41ab ff3 fs9 fc1 sc0 ls1 ws0\">Asset<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m0 x325 hf y41ab ff3 fs9 fc1 sc0 ls10a ws118\">Retail<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x503 hf y41ab ff3 fs9 fc1 sc0 ls187 ws19c\">Investments<span class=\"_ _3b2\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x269 hf y41ac ff3 fs9 fc1 sc0 ls10a ws118\">Retireme<span class=\"_ _0\"></span>nt<span class=\"_ _3b2\"> </span></td><td class=\"c x505 y41ae w15e h11e\"><div class=\"t m0 x1ca hf y415b ff3 fs9 fc1 sc0 ls38 ws3a\">Management</div><div class=\"t m0 x504 ha4 y41ad ff3 fs1b fc1 sc0 ls1 ws0\">1</div></td><td class=\"t m0 x506 hf y41ac ff3 fs9 fc1 sc0 ls187 ws19c\">Insurance<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x507 hf y41ac ff3 fs9 fc1 sc0 ls10a ws118\">Retireme<span class=\"_ _0\"></span>nt<span class=\"_ _3b2\"> </span></td><td class=\"c x509 y41ae w15f h11e\"><div class=\"t m0 x1ca hf y415b ff3 fs9 fc1 sc0 ls18 ws0\">and o<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er</div><div class=\"t m0 x508 ha4 y41ad ff3 fs1b fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"t m0 x1c7 hf y41ac ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 hf y41af ff3 fs9 fc1 sc0 ls18 ws0\">Fo<span class=\"_ _0\"></span>r the y<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>r en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>23 (<span class=\"_ _0\"></span>Res<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ted<span class=\"_ _0\"></span>)<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x464 hf y41af ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x432 hf y41af ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x465 hf y41af ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x466 hf y41af ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x467 hf y41af ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 hf y41af ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c x1cb y4183 w15b h11a\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls149 ws29\">Internal revenue</div><div class=\"t m0 x4ee h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x50a y4183 wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x50b y4183 w42 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">176<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x50c y4183 wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x50d y4183 wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x50e y4183 w3b h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(176)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x50f y4183 wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ac w15c h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10a ws5a\">Ex<span class=\"_ _0\"></span>ternal revenue<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x510 y40ac wc5 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5,257<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x511 y40ac w42 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">930<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x512 y40ac w30 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,115<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x513 y40ac w30 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,468<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x514 y40ac w30 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,341<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x515 y40ac w3e h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">12,111<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w158 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls15e ws1ad\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span> r<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>u<span class=\"_ _3\"></span>e<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x516 y40ae wc5 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5,257<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x517 y40ae w37 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,106<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x518 y40ae w37 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,115<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x519 y40ae w37 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,468<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x51a y40ae w37 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,165<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x51b y40ae w3e h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">12,111<span class=\"_ _3b2\"> </span></div></td></tr></table>1. <span class=\"_ _15\"> </span>As<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t M<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t in<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>al r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ue r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>tes t<span class=\"_ _0\"></span>o in<span class=\"_ _0\"></span>ves<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t ma<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t s<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>vic<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s pr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r s<span class=\"_ _0\"></span>eg<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>2. <span class=\"_ _15\"> </span>O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s in<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r-<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>gm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>al e<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns a<span class=\"_ _0\"></span>nd G<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>p c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>da<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on a<span class=\"_ _0\"></span>dj<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>3. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>As<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t M<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t rev<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>e in<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>e in<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t ma<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e d<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n un<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ta<span class=\"_ _0\"></span>kes o<span class=\"_ _0\"></span>n be<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>f of ot<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>er G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>p bu<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>e fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e mo<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t si<span class=\"_ _0\"></span>gn<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>fic<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n of th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>se a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>sl<span class=\"_ _0\"></span>y u<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ke<span class=\"_ _0\"></span>n by t<span class=\"_ _0\"></span>he L<span class=\"_ _0\"></span>GI<span class=\"_ _0\"></span>M di<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n pr<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>r to t<span class=\"_ _0\"></span>he 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>tu<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e in J<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>e 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>, ar<span class=\"_ _0\"></span>e in<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d i<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e ab<span class=\"_ _0\"></span>ove t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>e on a g<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>s bas<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>. A<span class=\"_ _0\"></span>ny a<span class=\"_ _0\"></span>dd<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>al s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>s pr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>y As<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t M<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t to o<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er d<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, no<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>y th<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>se i<span class=\"_ _0\"></span>nh<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d fr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>m th<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>us L<span class=\"_ _0\"></span>GC d<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>, a<span class=\"_ _0\"></span>re e<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d in t<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>gm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>al d<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d on a n<span class=\"_ _0\"></span>et b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>. Pr<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>r ye<span class=\"_ _0\"></span>ar c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ves h<span class=\"_ _0\"></span>ave b<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>en a<span class=\"_ _0\"></span>dj<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed to b<span class=\"_ _0\"></span>e o<span class=\"_ _0\"></span>n a co<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>sis<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t ba<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>s.<span class=\"_ _3b2\"> </span>(<span class=\"_ _1\"></span>d) <span class=\"_ _217\"> </span>Fees f<span class=\"_ _0\"></span>rom f<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>nd m<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>gement a<span class=\"_ _0\"></span>nd i<span class=\"_ _0\"></span>nvest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span>Fee<span class=\"_ _0\"></span>s from fu<span class=\"_ _0\"></span>nd mana<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t and invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>e fees for admi<span class=\"_ _0\"></span>nistr<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n and mana<span class=\"_ _0\"></span>ging of fun<span class=\"_ _0\"></span>ds in pen<span class=\"_ _0\"></span>sio<span class=\"_ _0\"></span>n plans<span class=\"_ _0\"></span>, as well as<span class=\"_ gsec\"> </span>reven<span class=\"_ _0\"></span>ue ge<span class=\"_ _0\"></span>ner<span class=\"_ _0\"></span>ated from ac<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g as the investm<span class=\"_ _0\"></span>ent ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>er for clie<span class=\"_ _0\"></span>nts<span class=\"_ _0\"></span>. T<span class=\"_ _4\"></span>r<span class=\"_ _0\"></span>ansa<span class=\"_ _0\"></span>ctio<span class=\"_ _0\"></span>n fees are ch<span class=\"_ _0\"></span>arge<span class=\"_ _0\"></span>d to imple<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt trad<span class=\"_ _0\"></span>es for clie<span class=\"_ _0\"></span>nts.<span class=\"_ _3b2\"> </span><table class=\"s w154 h13a\" id=\"_65031344-513b-43d4-ad4e-af28afd9fd3d\"><tr><td></td><td></td><td></td><td class=\"t m0 x49a h13 y41b0 ff5 fs9 fc1 sc0 ls14a ws164\">Corporate<span class=\"ls1 ws0\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x45d h13 y41b1 ff5 fs9 fc1 sc0 ls3d ws131\">Asset<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x4e7 h13 y41b1 ff5 fs9 fc1 sc0 ls3c ws11e\">Retail<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x4e8 h13 y41b1 ff6 fs9 fc1 sc0 ls2c ws34\">Inve<span class=\"_ _1\"></span>stments<span class=\"_ _3b2\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x51c h13 y41b2 ff5 fs9 fc1 sc0 ls3d ws131\">Management<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x287 h13 y41b2 ff5 fs9 fc1 sc0 ls1b ws1f\">Retire<span class=\"_ _0\"></span>ment<span class=\"_ _3b2\"> </span></td><td class=\"c x420 y41b4 w160 h123\"><div class=\"t m0 x1ca h13 y4151 ff5 fs9 fc1 sc0 ls38 ws3b\">and other</div><div class=\"t m0 x51d h99 y41b3 ff5 fs1b fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"t m0 x1c7 h13 y41b2 ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 h13 y41b5 ff5 fs9 fc1 sc0 ls18 ws0\">Fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>24<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x465 h13 y41b5 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x466 h13 y41b5 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x467 h13 y41b5 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 h13 y41b5 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c x1cb y419e w161 h11a\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls113 ws5b\">Inv<span class=\"_ _1\"></span>estment con<span class=\"_ _1\"></span>tracts<span class=\"_ _1\"></span> and mana<span class=\"_ _1\"></span>gement f<span class=\"_ _1\"></span>ees</div><div class=\"t m0 x425 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x51e y4121 w4a h11b\"><div class=\"t m0 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls56 ws55\">909<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x51f y4121 w4a h11b\"><div class=\"t m0 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls56 ws55\">122<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x520 y4121 w3a h11b\"><div class=\"t m0 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">(186)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x521 y4121 w4a h11b\"><div class=\"t m0 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls56 ws55\">845<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4108 w162 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">T<span class=\"_ _1\"></span>ransaction<span class=\"_ _1\"></span> fees<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x522 y4108 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">19<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x523 y4108 wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4ce y4108 wa6 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x524 y4108 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">19<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w163 h11b\"><div class=\"t m0 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l fee<span class=\"_ _0\"></span>s fro<span class=\"_ _0\"></span>m fu<span class=\"_ _0\"></span>nd ma<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t an<span class=\"_ _0\"></span>d inves<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t con<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x525 y40ae w4a h11b\"><div class=\"t m0 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls56 ws55\">928<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x526 y40ae w4a h11b\"><div class=\"t m0 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls56 ws55\">122<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x527 y40ae w3a h11b\"><div class=\"t m0 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">(186)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x528 y40ae w4a h11b\"><div class=\"t m0 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">864<span class=\"_ _3b2\"> </span></div></td></tr></table><table class=\"s w164 h13b\" id=\"_b1b6989c-1f7f-41ba-99a5-507bf9e03bc1\"><tr><td></td><td></td><td></td><td class=\"t m0 x501 hf y41b6 ff3 fs9 fc1 sc0 ls38 ws3a\">Corporate<span class=\"ls1 ws0\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x493 hf y41b7 ff3 fs9 fc1 sc0 ls1 ws0\">Asset<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x325 hf y41b7 ff3 fs9 fc1 sc0 ls10a ws118\">Retail<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x503 hf y41b7 ff3 fs9 fc1 sc0 ls187 ws19c\">Investments<span class=\"_ _3b2\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x529 hf y41b8 ff3 fs9 fc1 sc0 ls38 ws3a\">Management<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x507 hf y41b8 ff3 fs9 fc1 sc0 ls10a ws118\">Retireme<span class=\"_ _0\"></span>nt<span class=\"_ _3b2\"> </span></td><td class=\"c x509 y41b9 w15f h11e\"><div class=\"t m0 x1ca hf y40a5 ff3 fs9 fc1 sc0 ls18 ws0\">and o<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er</div><div class=\"t m0 x508 ha4 y410d ff3 fs1b fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"t m0 x1c7 hf y41b8 ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 hf y41ba ff3 fs9 fc1 sc0 ls18 ws0\">Fo<span class=\"_ _0\"></span>r the y<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>r en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>23 (<span class=\"_ _0\"></span>Res<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ted<span class=\"_ _0\"></span>)<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x465 hf y41ba ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x466 hf y41ba ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x467 hf y41ba ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 hf y41ba ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c x1cb y4121 w161 h11a\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls113 ws5b\">Inv<span class=\"_ _1\"></span>estment con<span class=\"_ _1\"></span>tracts<span class=\"_ _1\"></span> and mana<span class=\"_ _1\"></span>gement f<span class=\"_ _1\"></span>ees</div><div class=\"t m0 x425 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x51e y4121 w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">869<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x52a y4121 w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">104<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x52b y4121 w3b h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(173)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x52c y4121 w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">800<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ac w162 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">T<span class=\"_ _1\"></span>ransaction<span class=\"_ _1\"></span> fees<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x522 y40ac w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">25<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x52d y40ac wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x52e y40ac wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x52f y40ac w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">25<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w165 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">T<span class=\"_ _1\"></span>otal fee<span class=\"_ _0\"></span>s fro<span class=\"_ _0\"></span>m fu<span class=\"_ _0\"></span>nd m<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt an<span class=\"_ _0\"></span>d inve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>ts<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x530 y40ae w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">894<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x531 y40ae w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">104<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x532 y40ae w4d h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(173)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x42a y40ae w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">825<span class=\"_ _3b2\"> </span></div></td></tr></table>1. <span class=\"_ _15\"> </span>O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s in<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r-<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>gm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>al e<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns a<span class=\"_ _0\"></span>nd G<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>p c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>da<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on a<span class=\"_ _0\"></span>dj<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>2. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>As<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t M<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t rev<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>e in<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>e in<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t ma<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e d<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n un<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ta<span class=\"_ _0\"></span>kes o<span class=\"_ _0\"></span>n be<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>f of ot<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>er G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>p bu<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>e fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e mo<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t si<span class=\"_ _0\"></span>gn<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>fic<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n of th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>se a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>sl<span class=\"_ _0\"></span>y u<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ke<span class=\"_ _0\"></span>n by t<span class=\"_ _0\"></span>he L<span class=\"_ _0\"></span>GI<span class=\"_ _0\"></span>M di<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n pr<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>r to t<span class=\"_ _0\"></span>he 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>tu<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e in J<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>e 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>, ar<span class=\"_ _0\"></span>e in<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d i<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e ab<span class=\"_ _0\"></span>ove t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>e on a g<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>s bas<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>. A<span class=\"_ _0\"></span>ny a<span class=\"_ _0\"></span>dd<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>al s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>s pr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>y As<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t M<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t to o<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er d<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, no<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>y th<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>se i<span class=\"_ _0\"></span>nh<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d fr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>m th<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>us L<span class=\"_ _0\"></span>GC d<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>, a<span class=\"_ _0\"></span>re e<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d in t<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>gm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>al d<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d on a n<span class=\"_ _0\"></span>et b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>. Pr<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>r p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>es h<span class=\"_ _0\"></span>ave b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n a<span class=\"_ _0\"></span>dj<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d to b<span class=\"_ _0\"></span>e on a c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t ba<span class=\"_ _0\"></span>sis<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>(<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>) <span class=\"_ _4c\"> </span>Ot<span class=\"_ _0\"></span>her o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>iona<span class=\"_ _0\"></span>l i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ome f<span class=\"_ _0\"></span>rom cont<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>ts w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h cu<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>omer<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span>Ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r ope<span class=\"_ _0\"></span>ratio<span class=\"_ _0\"></span>nal in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me fro<span class=\"_ _0\"></span>m cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>ts with cu<span class=\"_ _0\"></span>stom<span class=\"_ _0\"></span>ers in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>des ho<span class=\"_ _0\"></span>use bu<span class=\"_ _0\"></span>ildin<span class=\"_ _0\"></span>g revenu<span class=\"_ _0\"></span>e, reve<span class=\"_ _0\"></span>nue ar<span class=\"_ _0\"></span>isin<span class=\"_ _0\"></span>g from profess<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>al ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>es and insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce bro<span class=\"_ _0\"></span>ker fees<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span><table class=\"s w154 h13d\" id=\"_54f03551-7cb6-42e8-a72d-90fb37a3f07a\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x49a h13 y41c2 ff5 fs9 fc1 sc0 ls14a ws164\">Corporate<span class=\"ls1 ws0\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x4e5 h13 y41c3 ff6 fs9 fc1 sc0 ls115 ws4f\">Institutional<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x4e6 h13 y41c3 ff5 fs9 fc1 sc0 ls3d ws131\">Asset<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m0 x4e7 h13 y41c3 ff5 fs9 fc1 sc0 ls3c ws11e\">Retail<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x4e8 h13 y41c3 ff6 fs9 fc1 sc0 ls2c ws34\">Inve<span class=\"_ _1\"></span>stments<span class=\"_ _3b2\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x4e9 h13 y41c4 ff5 fs9 fc1 sc0 ls1b ws1f\">Retire<span class=\"_ _0\"></span>ment<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x54a h13 y41c4 ff5 fs9 fc1 sc0 ls3d ws131\">Management<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x4ec h13 y41c4 ff6 fs9 fc1 sc0 ls37 ws7\">Insurance<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x287 h13 y41c4 ff5 fs9 fc1 sc0 ls1b ws1f\">Retire<span class=\"_ _0\"></span>ment<span class=\"_ _3b2\"> </span></td><td class=\"c x420 y41c5 w15a h123\"><div class=\"t m0 x1ca h13 y4151 ff5 fs9 fc1 sc0 ls38 ws3b\">and other</div><div class=\"t m0 x4ed h99 y41b3 ff5 fs1b fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"t m0 x1c7 h13 y41c4 ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 h13 y41c6 ff5 fs9 fc1 sc0 ls18 ws0\">Fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>24<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x464 h13 y41c6 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x432 h13 y41c6 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x465 h13 y41c6 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x466 h13 y41c6 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x467 h13 y41c6 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 h13 y41c6 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y41c7 w167 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">House building<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x54b y41c7 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">14<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x54c y41c7 w4a h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">100<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x54d y41c7 wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x54e y41c7 wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x54f y41c7 w4a h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">984<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x550 y41c7 w36 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">1,098<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y419e w168 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">Profess<span class=\"_ _1\"></span>ional serv<span class=\"_ _0\"></span>ices fees<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x539 y419e wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x551 y419e w70 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">14<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x552 y419e w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">51<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x553 y419e wa8 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">6<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x554 y419e w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">13<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x555 y419e w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">84<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41a9 w169 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 lsea ws27\">Insurance broker<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x53e y41a9 wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x556 y41a9 wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x557 y41a9 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">68<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x558 y41a9 wa6 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x559 y41a9 wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x222 y41a9 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">68<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y40ae w16c h11f\"><div class=\"t m0 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls11c ws25\">T<span class=\"_ _4\"></span>ot<span class=\"_ _0\"></span>al other<span class=\"_ _1\"></span> operational income<span class=\"_ _1\"></span> from<span class=\"_ _1\"></span> contracts with customers</div><div class=\"t m0 x55a h91 y40aa ff5 fs1c fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x55b y40ae w7b h11b\"><div class=\"t m0 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls56 ws55\">14<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x55c y40ae w4a h11b\"><div class=\"t m0 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls56 ws55\">114<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x55d y40ae w4a h11b\"><div class=\"t m0 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls56 ws55\">119<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x55e y40ae wa8 h11b\"><div class=\"t m0 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls1 ws0\">6<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x55f y40ae w4a h11b\"><div class=\"t m0 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">997<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x560 y40ae w36 h11b\"><div class=\"t m0 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">1,250<span class=\"_ _3b2\"> </span></div></td></tr></table><table class=\"s w166 h13c\" id=\"_52c85b65-1dd5-4f9a-8262-df0e3985f7ce\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x501 hf y41bb ff3 fs9 fc1 sc0 ls38 ws3a\">Corporate<span class=\"ls1 ws0\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x4e9 hf y41bc ff3 fs9 fc1 sc0 ls10a ws118\">Institu<span class=\"_ _0\"></span>tional<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x502 hf y41bc ff3 fs9 fc1 sc0 ls1 ws0\">Asset<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m0 x325 hf y41bc ff3 fs9 fc1 sc0 ls10a ws118\">Retail<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x503 hf y41bc ff3 fs9 fc1 sc0 ls187 ws19c\">Investments<span class=\"_ _3b2\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x269 hf y41bd ff3 fs9 fc1 sc0 ls10a ws118\">Retireme<span class=\"_ _0\"></span>nt<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x275 hf y41bd ff3 fs9 fc1 sc0 ls38 ws3a\">Management<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x506 hf y41bd ff3 fs9 fc1 sc0 ls187 ws19c\">Insurance<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x507 hf y41bd ff3 fs9 fc1 sc0 ls10a ws118\">Retireme<span class=\"_ _0\"></span>nt<span class=\"_ _3b2\"> </span></td><td class=\"c x509 y41bf w15f h11e\"><div class=\"t m0 x1ca hf y40a5 ff3 fs9 fc1 sc0 ls18 ws0\">and o<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er</div><div class=\"t m0 x508 ha4 y41be ff3 fs1b fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"t m0 x1c7 hf y41bd ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 hf y41c0 ff3 fs9 fc1 sc0 ls18 ws0\">Fo<span class=\"_ _0\"></span>r the y<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>r en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>23 (<span class=\"_ _0\"></span>Res<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ted<span class=\"_ _0\"></span>)<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x464 hf y41c0 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x432 hf y41c0 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x465 hf y41c0 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x466 hf y41c0 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x467 hf y41c0 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 hf y41c0 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y40c2 w167 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">House building<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x533 y40c2 w50 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x534 y40c2 w42 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">208<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x535 y40c2 wbd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x536 y40c2 wbd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x537 y40c2 w30 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,321<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x538 y40c2 w30 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,531<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4183 w168 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">Profess<span class=\"_ _1\"></span>ional serv<span class=\"_ _0\"></span>ices fees<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x539 y4183 wbe h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x53a y4183 w50 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4b9 y4183 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">46<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x53b y4183 w75 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x53c y4183 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">17<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x53d y4183 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">74<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4122 w169 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 lsea ws27\">Insurance broker<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x53e y4122 wbe h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x53f y4122 wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x540 y4122 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">57<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x541 y4122 wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x542 y4122 wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x543 y4122 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">57<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y41c1 w16a h11a\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">T<span class=\"_ _1\"></span>otal oth<span class=\"_ _0\"></span>er o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>nal i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e fro<span class=\"_ _0\"></span>m co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>ts wi<span class=\"_ _0\"></span>th c<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>tome<span class=\"_ _0\"></span>rs</div><div class=\"t m0 x544 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4ef y40ae w16b h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x545 y40ae w42 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">212<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x546 y40ae w42 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">103<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x547 y40ae w75 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x548 y40ae w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,338<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x549 y40ae w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,662<span class=\"_ _3b2\"> </span></div></td></tr></table>1. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s in<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r-<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>gm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>al e<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns a<span class=\"_ _0\"></span>nd G<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>p c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>da<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on a<span class=\"_ _0\"></span>dj<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>2. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>T<span class=\"_ _1\"></span>ot<span class=\"_ _0\"></span>al o<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er o<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>al i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>me f<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>m c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ts w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h cu<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>s exc<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>es t<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>re o<span class=\"_ _0\"></span>f pr<span class=\"_ _0\"></span>ofi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>/<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>s fr<span class=\"_ _0\"></span>om a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d jo<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>nt ve<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, an<span class=\"_ _0\"></span>d th<span class=\"_ _0\"></span>e g<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>n on d<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>sa<span class=\"_ _0\"></span>l of s<span class=\"_ _0\"></span>ub<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, as<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>nd j<span class=\"_ _0\"></span>oi<span class=\"_ _0\"></span>nt v<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRevenueFromContractsWithCustomersExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-683": {
   "value": "(b) <span class=\"_ _7\"> </span>Tota<span class=\"_ _0\"></span>l r<span class=\"_ _0\"></span>evenue \u2013 s<span class=\"_ _0\"></span>um<span class=\"_ _3\"></span>ma<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span>T<span class=\"_ _1\"></span>otal revenue inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>es insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce reve<span class=\"_ _0\"></span>nue<span class=\"_ _0\"></span>, fees fro<span class=\"_ _0\"></span>m fund ma<span class=\"_ _0\"></span>nage<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt and inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts an<span class=\"_ _0\"></span>d other op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>nal inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e from co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>acts<span class=\"_ _0\"></span> with cu<span class=\"_ _0\"></span>stom<span class=\"_ _0\"></span>ers<span class=\"_ _0\"></span>. Fur<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er de<span class=\"_ _0\"></span>tails on th<span class=\"_ _0\"></span>e com<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>nen<span class=\"_ _0\"></span>ts of insura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e revenu<span class=\"_ _0\"></span>e are discl<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>d in Note 21<span class=\"_ _1\"></span>. Othe<span class=\"_ _0\"></span>r ope<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>onal in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me fro<span class=\"_ _0\"></span>m con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts with<span class=\"_ _0\"></span> cus<span class=\"_ _0\"></span>tome<span class=\"_ _0\"></span>rs is a comp<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ent of othe<span class=\"_ _0\"></span>r ope<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>onal in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me and excl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>s the sha<span class=\"_ _0\"></span>re of profit<span class=\"_ _0\"></span>/<span class=\"_ _0\"></span>los<span class=\"_ _0\"></span>s from ass<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>iates and join<span class=\"_ _0\"></span>t venture<span class=\"_ _0\"></span>s, as well as gain<span class=\"_ _0\"></span>s/<span class=\"_ _3b2\"> </span>loss<span class=\"_ _0\"></span>es on disp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>al of subsidia<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>s, ass<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>iates, jo<span class=\"_ _0\"></span>int ventu<span class=\"_ _0\"></span>res and oth<span class=\"_ _0\"></span>er op<span class=\"_ _0\"></span>erat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e table<span class=\"_ _0\"></span>s bel<span class=\"_ _0\"></span>ow split th<span class=\"_ _0\"></span>e revenu<span class=\"_ _0\"></span>e by the geo<span class=\"_ _0\"></span>gr<span class=\"_ _0\"></span>aphi<span class=\"_ _0\"></span>c loc<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of the clien<span class=\"_ _0\"></span>t.<span class=\"_ _3b2\"> </span><table class=\"s w154 h135\" id=\"_c2700dfd-db44-4e2c-8081-862b80d4dbe7\"><tr><td></td><td class=\"t m2 x4c4 h13 y419b ff5 fs9 fc1 sc0 ls189 ws1ab\">Unite<span class=\"_ _0\"></span>d </td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m2 x4c5 h13 y419c ff6 fs9 fc1 sc0 ls3d ws131\">Kingdom<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x31d h13 y419c ff5 fs9 fc1 sc0 ls3d ws131\">USA<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x495 h13 y419c ff5 fs9 fc1 sc0 ls18 ws0\">Res<span class=\"_ _0\"></span>t o<span class=\"_ _0\"></span>f Wor<span class=\"_ _0\"></span>ld<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 h13 y419c ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 h13 y419d ff5 fs9 fc1 sc0 ls18 ws0\">Fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>24<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x465 h13 y419d ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x466 h13 y419d ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x467 h13 y419d ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 h13 y419d ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y4192 w2d h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 lsea ws27\">Insurance revenue<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4c6 y4192 w36 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">8,419<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4c7 y4192 w36 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">2,032<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4c8 y4192 w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">123<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4c9 y4192 w93 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">10,574<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y419e w48 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Fe<span class=\"_ _0\"></span>es fr<span class=\"_ _0\"></span>om f<span class=\"_ _0\"></span>und m<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt a<span class=\"_ _0\"></span>nd inv<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>cts<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x46b y419e w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">702<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x46c y419e w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">83<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4ca y419e w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">79<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4cb y419e w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">864<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4108 w155 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">O<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>al in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me f<span class=\"_ _0\"></span>rom c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>s wi<span class=\"_ _0\"></span>th cu<span class=\"_ _0\"></span>sto<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>rs<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4cc y4108 w36 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">1,249<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4cd y4108 wa8 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4ce y4108 wa6 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4cf y4108 w36 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">1,251<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w156 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls1 ws0\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> rev<span class=\"_ _1\"></span>enue<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4d0 y40ae w93 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">10,370<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4d1 y40ae w36 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">2,117<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4d2 y40ae w4a h11b\"><div class=\"t m2 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls56 ws55\">202<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4d3 y40ae w93 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">12,689<span class=\"_ _3b2\"> </span></div></td></tr></table><table class=\"s w157 h136\" id=\"_774c156b-4537-40f9-8e91-9c48adfb56b6\"><tr><td></td><td class=\"t m2 x4d4 hf y419f ff3 fs9 fc1 sc0 ls14a ws164\">Unite<span class=\"_ _1\"></span>d </td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m2 x4c5 hf y41a0 ff3 fs9 fc1 sc0 ls187 ws19c\">Kingdom<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x4d5 hf y41a0 ff3 fs9 fc1 sc0 ls30 ws9\">USA<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x495 hf y41a0 ff3 fs9 fc1 sc0 ls18 ws0\">Res<span class=\"_ _0\"></span>t of Wo<span class=\"_ _0\"></span>rl<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y41a0 ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 hf y41a1 ff3 fs9 fc1 sc0 ls18 ws0\">Fo<span class=\"_ _0\"></span>r the y<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>r en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>23<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x465 hf y41a1 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x466 hf y41a1 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x467 hf y41a1 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y41a1 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y40c2 w2d h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 lsea ws27\">Insurance revenue<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4d6 y40c2 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">7,679<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4d7 y40c2 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,830<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4d8 y40c2 w4b h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">115<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1d3 y40c2 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">9,624<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4183 w48 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Fe<span class=\"_ _0\"></span>es fr<span class=\"_ _0\"></span>om f<span class=\"_ _0\"></span>und m<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt a<span class=\"_ _0\"></span>nd inv<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>cts<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4d9 y4183 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">652<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4da y4183 w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">80<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4db y4183 w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">93<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4dc y4183 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">825<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4158 w155 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">O<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>al in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me f<span class=\"_ _0\"></span>rom c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>s wi<span class=\"_ _0\"></span>th cu<span class=\"_ _0\"></span>sto<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>rs<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4dd y4158 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,661<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4de y4158 w50 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4df y4158 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4e0 y4158 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,662<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w158 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls15e ws1ad\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span> r<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>u<span class=\"_ _3\"></span>e<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4e1 y40ae w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">9,992<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4e2 y40ae w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,911<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4e3 y40ae w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">208<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4e4 y40ae w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">12,111<span class=\"_ _3b2\"> </span></div></td></tr></table>(<span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>) <span class=\"_ _4c\"> </span>Total r<span class=\"_ _0\"></span>evenue \u2013 i<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>/ext<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l a<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>ly<span class=\"_ _0\"></span>sis<span class=\"_ _3b2\"> </span><table class=\"s w154 h137\" id=\"_c8a26310-b1c3-4a89-a8ea-821ffb901d18\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x49a h13 y41a2 ff5 fs9 fc1 sc0 ls14a ws164\">Corporate<span class=\"ls1 ws0\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x4e5 h13 y41a3 ff6 fs9 fc1 sc0 ls115 ws4f\">Institutional<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x4e6 h13 y41a3 ff5 fs9 fc1 sc0 ls3d ws131\">Asset<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m0 x4e7 h13 y41a3 ff5 fs9 fc1 sc0 ls3c ws11e\">Retail<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x4e8 h13 y41a3 ff6 fs9 fc1 sc0 ls2c ws34\">Inve<span class=\"_ _1\"></span>stments<span class=\"_ _3b2\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x4e9 h13 y41a4 ff5 fs9 fc1 sc0 ls1b ws1f\">Retire<span class=\"_ _0\"></span>ment<span class=\"_ _3b2\"> </span></td><td class=\"c x4eb y41a6 w159 h138\"><div class=\"t m0 x1ca h13 y40ef ff5 fs9 fc1 sc0 ls3d ws131\">Management</div><div class=\"t m0 x4ea h99 y41a5 ff5 fs1b fc1 sc0 ls1 ws0\">1</div></td><td class=\"t m0 x4ec h13 y41a4 ff6 fs9 fc1 sc0 ls37 ws7\">Insurance<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x287 h13 y41a4 ff5 fs9 fc1 sc0 ls1b ws1f\">Retire<span class=\"_ _0\"></span>ment<span class=\"_ _3b2\"> </span></td><td class=\"c x420 y41a6 w15a h138\"><div class=\"t m0 x1ca h13 y40ef ff5 fs9 fc1 sc0 ls38 ws3b\">and other</div><div class=\"t m0 x4ed h99 y41a5 ff5 fs1b fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"t m0 x1c7 h13 y41a4 ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 h13 y41a7 ff5 fs9 fc1 sc0 ls18 ws0\">Fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>24<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x464 h13 y41a7 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x432 h13 y41a7 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x465 h13 y41a7 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x466 h13 y41a7 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x467 h13 y41a7 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 h13 y41a7 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c x1cb y419e w15b h11a\"><div class=\"t m0 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls149 ws29\">Internal revenue</div><div class=\"t m0 x4ee h5a y41a8 ff3 fs1c fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4ef y4121 wa5 h116\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4f0 y4121 w4a h116\"><div class=\"t m0 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">193<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4f1 y4121 wa5 h116\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4f2 y4121 wa5 h116\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4f3 y4121 w3a h116\"><div class=\"t m0 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">(193)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4f4 y4121 wa5 h116\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41a9 w15c h116\"><div class=\"t m0 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls10a ws5a\">Ex<span class=\"_ _0\"></span>ternal revenue<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4f5 y41a9 w36 h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls56 ws55\">5,885<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4f6 y41a9 w4a h116\"><div class=\"t m0 x1ca h1a y40b1 ff5 fs6 fc1 sc0 ls56 ws55\">849<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4f7 y41a9 w36 h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls56 ws55\">3,366<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4f8 y41a9 w36 h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls56 ws55\">1,584<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4f9 y41a9 w36 h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls56 ws55\">1,005<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4fa y41a9 w2f h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls56 ws55\">12,689<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w156 h116\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> rev<span class=\"_ _1\"></span>enue<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4fb y40ae w36 h116\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">5,885<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4fc y40ae w36 h116\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">1,042<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4fd y40ae w36 h116\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">3,366<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4fe y40ae w36 h116\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">1,584<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4ff y40ae w4a h116\"><div class=\"t m0 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">812<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x500 y40ae w2f h116\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">12,689<span class=\"_ _3b2\"> </span></div></td></tr></table><table class=\"s w15d h139\" id=\"_2a2c3dc9-ba29-4082-9db1-aad5f588501f\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x501 hf y41aa ff3 fs9 fc1 sc0 ls38 ws3a\">Corporate<span class=\"ls1 ws0\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x4e9 hf y41ab ff3 fs9 fc1 sc0 ls10a ws118\">Institu<span class=\"_ _0\"></span>tional<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x502 hf y41ab ff3 fs9 fc1 sc0 ls1 ws0\">Asset<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m0 x325 hf y41ab ff3 fs9 fc1 sc0 ls10a ws118\">Retail<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x503 hf y41ab ff3 fs9 fc1 sc0 ls187 ws19c\">Investments<span class=\"_ _3b2\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x269 hf y41ac ff3 fs9 fc1 sc0 ls10a ws118\">Retireme<span class=\"_ _0\"></span>nt<span class=\"_ _3b2\"> </span></td><td class=\"c x505 y41ae w15e h11e\"><div class=\"t m0 x1ca hf y415b ff3 fs9 fc1 sc0 ls38 ws3a\">Management</div><div class=\"t m0 x504 ha4 y41ad ff3 fs1b fc1 sc0 ls1 ws0\">1</div></td><td class=\"t m0 x506 hf y41ac ff3 fs9 fc1 sc0 ls187 ws19c\">Insurance<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x507 hf y41ac ff3 fs9 fc1 sc0 ls10a ws118\">Retireme<span class=\"_ _0\"></span>nt<span class=\"_ _3b2\"> </span></td><td class=\"c x509 y41ae w15f h11e\"><div class=\"t m0 x1ca hf y415b ff3 fs9 fc1 sc0 ls18 ws0\">and o<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er</div><div class=\"t m0 x508 ha4 y41ad ff3 fs1b fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"t m0 x1c7 hf y41ac ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 hf y41af ff3 fs9 fc1 sc0 ls18 ws0\">Fo<span class=\"_ _0\"></span>r the y<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>r en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>23 (<span class=\"_ _0\"></span>Res<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ted<span class=\"_ _0\"></span>)<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x464 hf y41af ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x432 hf y41af ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x465 hf y41af ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x466 hf y41af ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x467 hf y41af ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 hf y41af ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c x1cb y4183 w15b h11a\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls149 ws29\">Internal revenue</div><div class=\"t m0 x4ee h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x50a y4183 wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x50b y4183 w42 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">176<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x50c y4183 wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x50d y4183 wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x50e y4183 w3b h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(176)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x50f y4183 wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ac w15c h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10a ws5a\">Ex<span class=\"_ _0\"></span>ternal revenue<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x510 y40ac wc5 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5,257<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x511 y40ac w42 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">930<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x512 y40ac w30 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,115<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x513 y40ac w30 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,468<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x514 y40ac w30 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,341<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x515 y40ac w3e h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">12,111<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w158 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls15e ws1ad\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span> r<span class=\"_ _3\"></span>e<span class=\"_ _3\"></span>v<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>n<span class=\"_ _3\"></span>u<span class=\"_ _3\"></span>e<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x516 y40ae wc5 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5,257<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x517 y40ae w37 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,106<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x518 y40ae w37 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,115<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x519 y40ae w37 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,468<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x51a y40ae w37 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,165<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x51b y40ae w3e h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">12,111<span class=\"_ _3b2\"> </span></div></td></tr></table>1. <span class=\"_ _15\"> </span>As<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t M<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t in<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>al r<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ue r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>tes t<span class=\"_ _0\"></span>o in<span class=\"_ _0\"></span>ves<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t ma<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t s<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>vic<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s pr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r s<span class=\"_ _0\"></span>eg<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>2. <span class=\"_ _15\"> </span>O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s in<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r-<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>gm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>al e<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns a<span class=\"_ _0\"></span>nd G<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>p c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>da<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on a<span class=\"_ _0\"></span>dj<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>3. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>As<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t M<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t rev<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>e in<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>e in<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t ma<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e d<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n un<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ta<span class=\"_ _0\"></span>kes o<span class=\"_ _0\"></span>n be<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>f of ot<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>er G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>p bu<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>e fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e mo<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t si<span class=\"_ _0\"></span>gn<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>fic<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n of th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>se a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>sl<span class=\"_ _0\"></span>y u<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ke<span class=\"_ _0\"></span>n by t<span class=\"_ _0\"></span>he L<span class=\"_ _0\"></span>GI<span class=\"_ _0\"></span>M di<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n pr<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>r to t<span class=\"_ _0\"></span>he 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>tu<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e in J<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>e 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>, ar<span class=\"_ _0\"></span>e in<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d i<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e ab<span class=\"_ _0\"></span>ove t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>e on a g<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>s bas<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>. A<span class=\"_ _0\"></span>ny a<span class=\"_ _0\"></span>dd<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>al s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>s pr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>y As<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t M<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t to o<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er d<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, no<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>y th<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>se i<span class=\"_ _0\"></span>nh<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d fr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>m th<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>us L<span class=\"_ _0\"></span>GC d<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>, a<span class=\"_ _0\"></span>re e<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d in t<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>gm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>al d<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d on a n<span class=\"_ _0\"></span>et b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>. Pr<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>r ye<span class=\"_ _0\"></span>ar c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ves h<span class=\"_ _0\"></span>ave b<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>en a<span class=\"_ _0\"></span>dj<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed to b<span class=\"_ _0\"></span>e o<span class=\"_ _0\"></span>n a co<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>sis<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t ba<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>s.<span class=\"_ _3b2\"> </span>(<span class=\"_ _1\"></span>d) <span class=\"_ _217\"> </span>Fees f<span class=\"_ _0\"></span>rom f<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>nd m<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>gement a<span class=\"_ _0\"></span>nd i<span class=\"_ _0\"></span>nvest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span>Fee<span class=\"_ _0\"></span>s from fu<span class=\"_ _0\"></span>nd mana<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t and invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>e fees for admi<span class=\"_ _0\"></span>nistr<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n and mana<span class=\"_ _0\"></span>ging of fun<span class=\"_ _0\"></span>ds in pen<span class=\"_ _0\"></span>sio<span class=\"_ _0\"></span>n plans<span class=\"_ _0\"></span>, as well as<span class=\"_ gsec\"> </span>reven<span class=\"_ _0\"></span>ue ge<span class=\"_ _0\"></span>ner<span class=\"_ _0\"></span>ated from ac<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g as the investm<span class=\"_ _0\"></span>ent ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>er for clie<span class=\"_ _0\"></span>nts<span class=\"_ _0\"></span>. T<span class=\"_ _4\"></span>r<span class=\"_ _0\"></span>ansa<span class=\"_ _0\"></span>ctio<span class=\"_ _0\"></span>n fees are ch<span class=\"_ _0\"></span>arge<span class=\"_ _0\"></span>d to imple<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt trad<span class=\"_ _0\"></span>es for clie<span class=\"_ _0\"></span>nts.<span class=\"_ _3b2\"> </span><table class=\"s w154 h13a\" id=\"_65031344-513b-43d4-ad4e-af28afd9fd3d\"><tr><td></td><td></td><td></td><td class=\"t m0 x49a h13 y41b0 ff5 fs9 fc1 sc0 ls14a ws164\">Corporate<span class=\"ls1 ws0\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x45d h13 y41b1 ff5 fs9 fc1 sc0 ls3d ws131\">Asset<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x4e7 h13 y41b1 ff5 fs9 fc1 sc0 ls3c ws11e\">Retail<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x4e8 h13 y41b1 ff6 fs9 fc1 sc0 ls2c ws34\">Inve<span class=\"_ _1\"></span>stments<span class=\"_ _3b2\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x51c h13 y41b2 ff5 fs9 fc1 sc0 ls3d ws131\">Management<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x287 h13 y41b2 ff5 fs9 fc1 sc0 ls1b ws1f\">Retire<span class=\"_ _0\"></span>ment<span class=\"_ _3b2\"> </span></td><td class=\"c x420 y41b4 w160 h123\"><div class=\"t m0 x1ca h13 y4151 ff5 fs9 fc1 sc0 ls38 ws3b\">and other</div><div class=\"t m0 x51d h99 y41b3 ff5 fs1b fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"t m0 x1c7 h13 y41b2 ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 h13 y41b5 ff5 fs9 fc1 sc0 ls18 ws0\">Fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>24<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x465 h13 y41b5 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x466 h13 y41b5 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x467 h13 y41b5 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 h13 y41b5 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c x1cb y419e w161 h11a\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls113 ws5b\">Inv<span class=\"_ _1\"></span>estment con<span class=\"_ _1\"></span>tracts<span class=\"_ _1\"></span> and mana<span class=\"_ _1\"></span>gement f<span class=\"_ _1\"></span>ees</div><div class=\"t m0 x425 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x51e y4121 w4a h11b\"><div class=\"t m0 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls56 ws55\">909<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x51f y4121 w4a h11b\"><div class=\"t m0 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls56 ws55\">122<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x520 y4121 w3a h11b\"><div class=\"t m0 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">(186)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x521 y4121 w4a h11b\"><div class=\"t m0 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls56 ws55\">845<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4108 w162 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">T<span class=\"_ _1\"></span>ransaction<span class=\"_ _1\"></span> fees<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x522 y4108 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">19<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x523 y4108 wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4ce y4108 wa6 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x524 y4108 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">19<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w163 h11b\"><div class=\"t m0 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l fee<span class=\"_ _0\"></span>s fro<span class=\"_ _0\"></span>m fu<span class=\"_ _0\"></span>nd ma<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t an<span class=\"_ _0\"></span>d inves<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t con<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x525 y40ae w4a h11b\"><div class=\"t m0 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls56 ws55\">928<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x526 y40ae w4a h11b\"><div class=\"t m0 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls56 ws55\">122<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x527 y40ae w3a h11b\"><div class=\"t m0 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">(186)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x528 y40ae w4a h11b\"><div class=\"t m0 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">864<span class=\"_ _3b2\"> </span></div></td></tr></table><table class=\"s w164 h13b\" id=\"_b1b6989c-1f7f-41ba-99a5-507bf9e03bc1\"><tr><td></td><td></td><td></td><td class=\"t m0 x501 hf y41b6 ff3 fs9 fc1 sc0 ls38 ws3a\">Corporate<span class=\"ls1 ws0\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x493 hf y41b7 ff3 fs9 fc1 sc0 ls1 ws0\">Asset<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x325 hf y41b7 ff3 fs9 fc1 sc0 ls10a ws118\">Retail<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x503 hf y41b7 ff3 fs9 fc1 sc0 ls187 ws19c\">Investments<span class=\"_ _3b2\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x529 hf y41b8 ff3 fs9 fc1 sc0 ls38 ws3a\">Management<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x507 hf y41b8 ff3 fs9 fc1 sc0 ls10a ws118\">Retireme<span class=\"_ _0\"></span>nt<span class=\"_ _3b2\"> </span></td><td class=\"c x509 y41b9 w15f h11e\"><div class=\"t m0 x1ca hf y40a5 ff3 fs9 fc1 sc0 ls18 ws0\">and o<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er</div><div class=\"t m0 x508 ha4 y410d ff3 fs1b fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"t m0 x1c7 hf y41b8 ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 hf y41ba ff3 fs9 fc1 sc0 ls18 ws0\">Fo<span class=\"_ _0\"></span>r the y<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>r en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>23 (<span class=\"_ _0\"></span>Res<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ted<span class=\"_ _0\"></span>)<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x465 hf y41ba ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x466 hf y41ba ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x467 hf y41ba ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 hf y41ba ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c x1cb y4121 w161 h11a\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls113 ws5b\">Inv<span class=\"_ _1\"></span>estment con<span class=\"_ _1\"></span>tracts<span class=\"_ _1\"></span> and mana<span class=\"_ _1\"></span>gement f<span class=\"_ _1\"></span>ees</div><div class=\"t m0 x425 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x51e y4121 w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">869<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x52a y4121 w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">104<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x52b y4121 w3b h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(173)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x52c y4121 w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">800<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ac w162 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">T<span class=\"_ _1\"></span>ransaction<span class=\"_ _1\"></span> fees<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x522 y40ac w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">25<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x52d y40ac wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x52e y40ac wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x52f y40ac w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">25<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w165 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">T<span class=\"_ _1\"></span>otal fee<span class=\"_ _0\"></span>s fro<span class=\"_ _0\"></span>m fu<span class=\"_ _0\"></span>nd m<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt an<span class=\"_ _0\"></span>d inve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>ts<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x530 y40ae w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">894<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x531 y40ae w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">104<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x532 y40ae w4d h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(173)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x42a y40ae w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">825<span class=\"_ _3b2\"> </span></div></td></tr></table>1. <span class=\"_ _15\"> </span>O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s in<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r-<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>gm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>al e<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns a<span class=\"_ _0\"></span>nd G<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>p c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>da<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on a<span class=\"_ _0\"></span>dj<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>2. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>As<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t M<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t rev<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>e in<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>e in<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t ma<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e d<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n un<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ta<span class=\"_ _0\"></span>kes o<span class=\"_ _0\"></span>n be<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>f of ot<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>er G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>p bu<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>e fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e mo<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t si<span class=\"_ _0\"></span>gn<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>fic<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n of th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>se a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>sl<span class=\"_ _0\"></span>y u<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ke<span class=\"_ _0\"></span>n by t<span class=\"_ _0\"></span>he L<span class=\"_ _0\"></span>GI<span class=\"_ _0\"></span>M di<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n pr<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>r to t<span class=\"_ _0\"></span>he 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>tu<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e in J<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>e 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>, ar<span class=\"_ _0\"></span>e in<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d i<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e ab<span class=\"_ _0\"></span>ove t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>e on a g<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>s bas<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>. A<span class=\"_ _0\"></span>ny a<span class=\"_ _0\"></span>dd<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>al s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>s pr<span class=\"_ _0\"></span>ov<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>y As<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t M<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t to o<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er d<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, no<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>y th<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>se i<span class=\"_ _0\"></span>nh<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d fr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>m th<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>us L<span class=\"_ _0\"></span>GC d<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>, a<span class=\"_ _0\"></span>re e<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d in t<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>gm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>al d<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d on a n<span class=\"_ _0\"></span>et b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>. Pr<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>r p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>es h<span class=\"_ _0\"></span>ave b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n a<span class=\"_ _0\"></span>dj<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d to b<span class=\"_ _0\"></span>e on a c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t ba<span class=\"_ _0\"></span>sis<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>(<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>) <span class=\"_ _4c\"> </span>Ot<span class=\"_ _0\"></span>her o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>iona<span class=\"_ _0\"></span>l i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ome f<span class=\"_ _0\"></span>rom cont<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>ts w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h cu<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>omer<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span>Ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r ope<span class=\"_ _0\"></span>ratio<span class=\"_ _0\"></span>nal in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me fro<span class=\"_ _0\"></span>m cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>ts with cu<span class=\"_ _0\"></span>stom<span class=\"_ _0\"></span>ers in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>des ho<span class=\"_ _0\"></span>use bu<span class=\"_ _0\"></span>ildin<span class=\"_ _0\"></span>g revenu<span class=\"_ _0\"></span>e, reve<span class=\"_ _0\"></span>nue ar<span class=\"_ _0\"></span>isin<span class=\"_ _0\"></span>g from profess<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>al ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>es and insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce bro<span class=\"_ _0\"></span>ker fees<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span><table class=\"s w154 h13d\" id=\"_54f03551-7cb6-42e8-a72d-90fb37a3f07a\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x49a h13 y41c2 ff5 fs9 fc1 sc0 ls14a ws164\">Corporate<span class=\"ls1 ws0\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x4e5 h13 y41c3 ff6 fs9 fc1 sc0 ls115 ws4f\">Institutional<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x4e6 h13 y41c3 ff5 fs9 fc1 sc0 ls3d ws131\">Asset<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m0 x4e7 h13 y41c3 ff5 fs9 fc1 sc0 ls3c ws11e\">Retail<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x4e8 h13 y41c3 ff6 fs9 fc1 sc0 ls2c ws34\">Inve<span class=\"_ _1\"></span>stments<span class=\"_ _3b2\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x4e9 h13 y41c4 ff5 fs9 fc1 sc0 ls1b ws1f\">Retire<span class=\"_ _0\"></span>ment<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x54a h13 y41c4 ff5 fs9 fc1 sc0 ls3d ws131\">Management<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x4ec h13 y41c4 ff6 fs9 fc1 sc0 ls37 ws7\">Insurance<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x287 h13 y41c4 ff5 fs9 fc1 sc0 ls1b ws1f\">Retire<span class=\"_ _0\"></span>ment<span class=\"_ _3b2\"> </span></td><td class=\"c x420 y41c5 w15a h123\"><div class=\"t m0 x1ca h13 y4151 ff5 fs9 fc1 sc0 ls38 ws3b\">and other</div><div class=\"t m0 x4ed h99 y41b3 ff5 fs1b fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"t m0 x1c7 h13 y41c4 ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 h13 y41c6 ff5 fs9 fc1 sc0 ls18 ws0\">Fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>24<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x464 h13 y41c6 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x432 h13 y41c6 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x465 h13 y41c6 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x466 h13 y41c6 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x467 h13 y41c6 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 h13 y41c6 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y41c7 w167 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">House building<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x54b y41c7 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">14<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x54c y41c7 w4a h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">100<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x54d y41c7 wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x54e y41c7 wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x54f y41c7 w4a h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">984<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x550 y41c7 w36 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">1,098<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y419e w168 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">Profess<span class=\"_ _1\"></span>ional serv<span class=\"_ _0\"></span>ices fees<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x539 y419e wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x551 y419e w70 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">14<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x552 y419e w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">51<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x553 y419e wa8 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">6<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x554 y419e w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">13<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x555 y419e w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">84<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41a9 w169 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 lsea ws27\">Insurance broker<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x53e y41a9 wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x556 y41a9 wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x557 y41a9 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">68<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x558 y41a9 wa6 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x559 y41a9 wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x222 y41a9 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">68<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y40ae w16c h11f\"><div class=\"t m0 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls11c ws25\">T<span class=\"_ _4\"></span>ot<span class=\"_ _0\"></span>al other<span class=\"_ _1\"></span> operational income<span class=\"_ _1\"></span> from<span class=\"_ _1\"></span> contracts with customers</div><div class=\"t m0 x55a h91 y40aa ff5 fs1c fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x55b y40ae w7b h11b\"><div class=\"t m0 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls56 ws55\">14<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x55c y40ae w4a h11b\"><div class=\"t m0 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls56 ws55\">114<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x55d y40ae w4a h11b\"><div class=\"t m0 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls56 ws55\">119<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x55e y40ae wa8 h11b\"><div class=\"t m0 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls1 ws0\">6<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x55f y40ae w4a h11b\"><div class=\"t m0 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">997<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x560 y40ae w36 h11b\"><div class=\"t m0 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">1,250<span class=\"_ _3b2\"> </span></div></td></tr></table><table class=\"s w166 h13c\" id=\"_52c85b65-1dd5-4f9a-8262-df0e3985f7ce\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x501 hf y41bb ff3 fs9 fc1 sc0 ls38 ws3a\">Corporate<span class=\"ls1 ws0\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x4e9 hf y41bc ff3 fs9 fc1 sc0 ls10a ws118\">Institu<span class=\"_ _0\"></span>tional<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x502 hf y41bc ff3 fs9 fc1 sc0 ls1 ws0\">Asset<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m0 x325 hf y41bc ff3 fs9 fc1 sc0 ls10a ws118\">Retail<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x503 hf y41bc ff3 fs9 fc1 sc0 ls187 ws19c\">Investments<span class=\"_ _3b2\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x269 hf y41bd ff3 fs9 fc1 sc0 ls10a ws118\">Retireme<span class=\"_ _0\"></span>nt<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x275 hf y41bd ff3 fs9 fc1 sc0 ls38 ws3a\">Management<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x506 hf y41bd ff3 fs9 fc1 sc0 ls187 ws19c\">Insurance<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x507 hf y41bd ff3 fs9 fc1 sc0 ls10a ws118\">Retireme<span class=\"_ _0\"></span>nt<span class=\"_ _3b2\"> </span></td><td class=\"c x509 y41bf w15f h11e\"><div class=\"t m0 x1ca hf y40a5 ff3 fs9 fc1 sc0 ls18 ws0\">and o<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er</div><div class=\"t m0 x508 ha4 y41be ff3 fs1b fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"t m0 x1c7 hf y41bd ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 hf y41c0 ff3 fs9 fc1 sc0 ls18 ws0\">Fo<span class=\"_ _0\"></span>r the y<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>r en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>23 (<span class=\"_ _0\"></span>Res<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ted<span class=\"_ _0\"></span>)<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x464 hf y41c0 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x432 hf y41c0 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x465 hf y41c0 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x466 hf y41c0 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x467 hf y41c0 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 hf y41c0 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y40c2 w167 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">House building<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x533 y40c2 w50 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x534 y40c2 w42 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">208<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x535 y40c2 wbd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x536 y40c2 wbd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x537 y40c2 w30 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,321<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x538 y40c2 w30 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,531<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4183 w168 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">Profess<span class=\"_ _1\"></span>ional serv<span class=\"_ _0\"></span>ices fees<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x539 y4183 wbe h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x53a y4183 w50 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4b9 y4183 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">46<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x53b y4183 w75 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x53c y4183 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">17<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x53d y4183 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">74<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4122 w169 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 lsea ws27\">Insurance broker<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x53e y4122 wbe h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x53f y4122 wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x540 y4122 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">57<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x541 y4122 wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x542 y4122 wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x543 y4122 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">57<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y41c1 w16a h11a\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">T<span class=\"_ _1\"></span>otal oth<span class=\"_ _0\"></span>er o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>nal i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e fro<span class=\"_ _0\"></span>m co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>ts wi<span class=\"_ _0\"></span>th c<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>tome<span class=\"_ _0\"></span>rs</div><div class=\"t m0 x544 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4ef y40ae w16b h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x545 y40ae w42 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">212<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x546 y40ae w42 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">103<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x547 y40ae w75 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x548 y40ae w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,338<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x549 y40ae w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,662<span class=\"_ _3b2\"> </span></div></td></tr></table>1. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s in<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r-<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>gm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>al e<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns a<span class=\"_ _0\"></span>nd G<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>p c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>da<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on a<span class=\"_ _0\"></span>dj<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>2. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>T<span class=\"_ _1\"></span>ot<span class=\"_ _0\"></span>al o<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er o<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>al i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>me f<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>m c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ts w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h cu<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>s exc<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>es t<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>re o<span class=\"_ _0\"></span>f pr<span class=\"_ _0\"></span>ofi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>/<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>s fr<span class=\"_ _0\"></span>om a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d jo<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>nt ve<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, an<span class=\"_ _0\"></span>d th<span class=\"_ _0\"></span>e g<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>n on d<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>sa<span class=\"_ _0\"></span>l of s<span class=\"_ _0\"></span>ub<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, as<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>nd j<span class=\"_ _0\"></span>oi<span class=\"_ _0\"></span>nt v<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRevenueExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-588": {
   "value": "<div class=\"t m2 he ff1 fs8 fc2 sc0 ls1 ws0 gs525\">3<span class=\"_ _1\"></span><span class=\"ls8d\">.<span class=\"_ _21b\"> </span>Po<span class=\"_ _1\"></span>st balance sh<span class=\"_ _1\"></span>eet ev<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ts<span class=\"_ _3b2\"> </span></span></div><div class=\"t m2 h21 ff1 fs10 fc2 sc0 ls77 ws0 gs526\">Sa<span class=\"_ _0\"></span>le of US insu<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nce entit<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs527\">On 7 Fe<span class=\"_ _0\"></span>br<span class=\"_ _0\"></span>uar<span class=\"_ _3\"></span>y 20<span class=\"_ _0\"></span>25 the Gr<span class=\"_ _0\"></span>oup an<span class=\"_ _0\"></span>no<span class=\"_ _0\"></span>unc<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>hat it h<span class=\"_ _0\"></span>ad agre<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>he sa<span class=\"_ _0\"></span>le of its U<span class=\"_ _0\"></span>S ins<span class=\"_ _0\"></span>ura<span class=\"_ _0\"></span>nce e<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y</div><div class=\"t m2 h43 ff3 fsd fc1 sc0 ls1 ws0 gs528\">1<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs529\">, com<span class=\"_ _0\"></span>pris<span class=\"_ _0\"></span>ing its U<span class=\"_ _0\"></span>S protec<span class=\"_ _0\"></span>tion an<span class=\"_ _0\"></span>d US pe<span class=\"_ _0\"></span>nsio<span class=\"_ _0\"></span>n risk<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs52a\">tran<span class=\"_ _0\"></span>sfer (PRT<span class=\"_ _3\"></span>) busine<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s, to Meiji Yasuda Life Insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce Co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>any (Me<span class=\"_ _0\"></span>iji Y<span class=\"_ _1\"></span>asud<span class=\"_ _0\"></span>a), a <span class=\"_ _1\"></span>Japa<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>e mutu<span class=\"_ _0\"></span>al life insur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e com<span class=\"_ _0\"></span>pany, for an equit<span class=\"_ _0\"></span>y valu<span class=\"_ _0\"></span>e </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs52b\">of $2<span class=\"_ _0\"></span>.3<span class=\"_ _0\"></span>bn (\u00a31<span class=\"_ _1\"></span>.8<span class=\"_ _0\"></span>bn) payable in ca<span class=\"_ _0\"></span>sh at com<span class=\"_ _0\"></span>ple<span class=\"_ _0\"></span>tion (subje<span class=\"_ _0\"></span>ct to cer<span class=\"_ _3\"></span>tain purc<span class=\"_ _0\"></span>has<span class=\"_ _0\"></span>e pric<span class=\"_ _0\"></span>e adjus<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nts). Followin<span class=\"_ _0\"></span>g com<span class=\"_ _0\"></span>ple<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>, Me<span class=\"_ _0\"></span>iji Y<span class=\"_ _1\"></span>asud<span class=\"_ _0\"></span>a will own the </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 lsd ws7f gs52c\">Grou<span class=\"_ _0\"></span>p\u2019s US protectio<span class=\"_ _0\"></span>n busine<span class=\"_ _0\"></span>ss and have a <span class=\"_ _1\"></span>20% ec<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>omi<span class=\"_ _0\"></span>c interest in its US PRT busin<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>, with L&amp;<span class=\"_ _0\"></span>G retain<span class=\"_ _0\"></span>ing 80<span class=\"_ _0\"></span>% of existing and new PRT thro<span class=\"_ _0\"></span>ugh<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs52d\">reins<span class=\"_ _0\"></span>ura<span class=\"_ _0\"></span>nce ar<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts with M<span class=\"_ _0\"></span>eiji Yasuda.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs52e\">Th<span class=\"_ _0\"></span>e trans<span class=\"_ _0\"></span>acti<span class=\"_ _0\"></span>on is exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted to compl<span class=\"_ _0\"></span>ete towards the end of 20<span class=\"_ _0\"></span>25 and is subje<span class=\"_ _0\"></span>ct to custo<span class=\"_ _0\"></span>mar<span class=\"_ _3\"></span>y closin<span class=\"_ _0\"></span>g con<span class=\"_ _0\"></span>diti<span class=\"_ _0\"></span>ons an<span class=\"_ _0\"></span>d regul<span class=\"_ _0\"></span>ator<span class=\"_ _0\"></span>y ap<span class=\"_ _0\"></span>provals<span class=\"_ _0\"></span>. </div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 lsd ws0 gs52f\">Mana<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t und<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>took an as<span class=\"_ _0\"></span>sess<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt of the fa<span class=\"_ _0\"></span>cts an<span class=\"_ _0\"></span>d cir<span class=\"_ _0\"></span>cum<span class=\"_ _0\"></span>stan<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>s related to th<span class=\"_ _0\"></span>e tran<span class=\"_ _0\"></span>sac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n as at 31 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>024 an<span class=\"_ _0\"></span>d co<span class=\"_ _0\"></span>ncl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>d tha<span class=\"_ _0\"></span>t the<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 lsd ws7f gs530\">cri<span class=\"_ _0\"></span>teri<span class=\"_ _0\"></span>a for <span class=\"_ _1\"></span>clas<span class=\"_ _0\"></span>sif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n as <span class=\"_ _1\"></span>hel<span class=\"_ _0\"></span>d for sale were not <span class=\"_ _1\"></span>met at that date. However, <span class=\"_ _1\"></span>as a <span class=\"_ _1\"></span>resul<span class=\"_ _0\"></span>t of <span class=\"_ _1\"></span>the anno<span class=\"_ _0\"></span>unc<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t on 7 <span class=\"_ _1\"></span>Febr<span class=\"_ _0\"></span>uar<span class=\"_ _3\"></span>y 2025<span class=\"_ _0\"></span>, subse<span class=\"_ _0\"></span>que<span class=\"_ _0\"></span>nt to <span class=\"_ _1\"></span>the<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 lsd ws7f gs531\">year end<span class=\"_ _0\"></span>, the Group\u2019s US insur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e entit<span class=\"_ _0\"></span>y (in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>ding its US PRT bus<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>ss) <span class=\"_ _1\"></span>now qualif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s for classif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ation and me<span class=\"_ _0\"></span>asure<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt as a <span class=\"_ _1\"></span>held for sale disp<span class=\"_ _0\"></span>osal<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 lsd ws7f gs532\">grou<span class=\"_ _0\"></span>p. It also meets the def<span class=\"_ _0\"></span>ini<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of <span class=\"_ _1\"></span>a discon<span class=\"_ _0\"></span>tinu<span class=\"_ _0\"></span>ed op<span class=\"_ _0\"></span>erati<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>, and its results will be prese<span class=\"_ _0\"></span>nted acc<span class=\"_ _0\"></span>ord<span class=\"_ _0\"></span>ingl<span class=\"_ _0\"></span>y in subseq<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span>nt repo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g peri<span class=\"_ _0\"></span>ods<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span> </div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs533\">1.<span class=\"_ _1d\"> </span> <span class=\"_ _9\"></span>T<span class=\"_ _1\"></span>o be i<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>y th<span class=\"_ _0\"></span>e G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up d<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g of al<span class=\"_ _0\"></span>l of t<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s h<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>d in L<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ga<span class=\"_ _0\"></span>l &amp; Ge<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al A<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>a In<span class=\"_ _0\"></span>c.<span class=\"_ _0\"></span>, th<span class=\"_ _0\"></span>e pa<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>ny of B<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nn<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r Li<span class=\"_ _0\"></span>fe a<span class=\"_ _0\"></span>nd W<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>am P<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nn<span class=\"_ _0\"></span>, w<span class=\"_ _0\"></span>hi<span class=\"_ _0\"></span>ch w<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>e L&amp;<span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>\u2019s </div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs534\">US<span class=\"_ gs4cd\"> </span>p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ote<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d US P<span class=\"_ _0\"></span>R<span class=\"_ _0\"></span>T b<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h21 ff1 fs10 fc2 sc0 ls77 ws0 gs535\">OECD update on P<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>r I<span class=\"_ _0\"></span>I r<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>les<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs536\">An up<span class=\"_ _0\"></span>date was issue<span class=\"_ _0\"></span>d by the OEC<span class=\"_ _0\"></span>D on 1<span class=\"_ _1\"></span>5 Januar<span class=\"_ _3\"></span>y 2025 to its guida<span class=\"_ _0\"></span>nce o<span class=\"_ _0\"></span>n the Glo<span class=\"_ _0\"></span>bal A<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>bas<span class=\"_ _0\"></span>e Erosi<span class=\"_ _0\"></span>on Mo<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>l Rules<span class=\"_ _0\"></span>, to clarif<span class=\"_ _0\"></span>y th<span class=\"_ _0\"></span>e appli<span class=\"_ _0\"></span>cati<span class=\"_ _0\"></span>on </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs537\">of<span class=\"_ gsec\"> </span>the Pilla<span class=\"_ _0\"></span>r II rule<span class=\"_ _0\"></span>s to cer<span class=\"_ _0\"></span>tai<span class=\"_ _0\"></span>n deferre<span class=\"_ _0\"></span>d tax as<span class=\"_ _0\"></span>sets exis<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g on transi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n to the new rule<span class=\"_ _0\"></span>s. Ple<span class=\"_ _0\"></span>ase refer to Note 30 T<span class=\"_ _4\"></span>a<span class=\"_ _0\"></span>x for fur<span class=\"_ _3\"></span>ther de<span class=\"_ _0\"></span>tails<span class=\"_ _0\"></span>.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-646": {
   "value": "<div class=\"t m2 he ff1 fs8 fc2 sc0 ls1 ws0 gs539\">4<span class=\"_ _1\"></span><span class=\"ls8d\">.<span class=\"_ _f8\"> </span>Insurance serv<span class=\"_ _0\"></span>ice and o<span class=\"_ _1\"></span>ther e<span class=\"_ _1\"></span>xpenses<span class=\"_ _3b2\"> </span></span></div><div class=\"gs53a\"><table class=\"s w16d h13e\" id=\"_4fc8421b-c159-4b6f-b367-5e2a3bf55a48\"><tr><td></td><td></td><td class=\"t m2 x1c6 h13 y41c8 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y41c8 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x42e hf y41c9 ff3 fs9 fc1 sc0 lsee wsf5\">Note<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 h13 y41c9 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y41c9 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y41ca w16e h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">Claims and benefits<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1d2 y41ca w36 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">7,834<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1d3 y41ca w37 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">7,201<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41cb w16f h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Fe<span class=\"_ _0\"></span>es an<span class=\"_ _0\"></span>d co<span class=\"_ _0\"></span>mm<span class=\"_ _0\"></span>iss<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x561 y41cb w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">693<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x562 y41cb w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">573<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4166 w170 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Los<span class=\"_ _0\"></span>ses a<span class=\"_ _0\"></span>nd re<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>sal<span class=\"_ _0\"></span>s of lo<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s on o<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>s co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>ts<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x563 y4166 w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">307<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x564 y4166 w4b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">329<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y41cc w171 h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Los<span class=\"_ _0\"></span>s on d<span class=\"_ _0\"></span>isp<span class=\"_ _0\"></span>osa<span class=\"_ _0\"></span>l of su<span class=\"_ _0\"></span>bsid<span class=\"_ _0\"></span>iar<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s</div><div class=\"t m2 x565 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1db y41cc w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">28<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x566 y41cc w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">99<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x567 y41cc wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4168 w172 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">S<span class=\"_ _0\"></span>taf<span class=\"_ _0\"></span>f c<span class=\"_ _0\"></span>ost<span class=\"_ _0\"></span>s (in<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>udi<span class=\"_ _0\"></span>ng p<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>sio<span class=\"_ _0\"></span>n co<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s and s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>d pay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x568 y4168 w39 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">32<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x569 y4168 w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,309<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x56a y4168 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,309<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41cd w173 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10e ws54\">Redundancy costs<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x56b y41cd w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">15<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x56c y41cd w50 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">9<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41ce w174 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10e ws54\">Auditor\u2019s remuneration<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x56d y41ce w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">31<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x56e y41ce w70 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">20<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x543 y41ce w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">23<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41cf w175 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">De<span class=\"_ _0\"></span>pre<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on an<span class=\"_ _0\"></span>d im<span class=\"_ _0\"></span>pai<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t of pla<span class=\"_ _0\"></span>nt an<span class=\"_ _0\"></span>d eq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>pm<span class=\"_ _0\"></span>ent<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x56f y41cf w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">11<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x570 y41cf w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">63<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x571 y41cf w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">81<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y416b w176 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Am<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>tisa<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n an<span class=\"_ _0\"></span>d imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt of i<span class=\"_ _0\"></span>nta<span class=\"_ _0\"></span>ngi<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>e ass<span class=\"_ _0\"></span>ets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x231 y416b w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">10<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x572 y416b w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">56<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x573 y416b w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">54<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y41d0 w177 h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls11e ws5c\">House build<span class=\"_ _1\"></span>ing expenses</div><div class=\"t m2 x574 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x420 y41d1 w4a h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">945<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x575 y41d1 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,308<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40bd w178 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 lsea ws27\">Othe<span class=\"_ _0\"></span>r administrative expenses<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x204 y40bd w4a h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">818<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x253 y40bd w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,092<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4189 w179 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Am<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nts a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tri<span class=\"_ _0\"></span>bu<span class=\"_ _0\"></span>ted to in<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce a<span class=\"_ _0\"></span>cq<span class=\"_ _0\"></span>uisi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on c<span class=\"_ _0\"></span>ash f<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>ws in<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d du<span class=\"_ _0\"></span>rin<span class=\"_ _0\"></span>g th<span class=\"_ _0\"></span>e yea<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x576 y4189 w3a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(358)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x577 y4189 w4d h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(335)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y417f w17a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Am<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>tisa<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of ins<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e ac<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>isi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n ca<span class=\"_ _0\"></span>sh f<span class=\"_ _0\"></span>lows<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x578 y417f w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">167<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x579 y417f w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">151<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y418c w17b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Ne<span class=\"_ _0\"></span>t imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt l<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>s on as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts for i<span class=\"_ _0\"></span>nsu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce a<span class=\"_ _0\"></span>cq<span class=\"_ _0\"></span>uis<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>on c<span class=\"_ _0\"></span>ash f<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ows<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x57a y418c wa6 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x57b y418c w50 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">8<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c1 w17c h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l In<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ce se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce a<span class=\"_ _0\"></span>nd ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r exp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x57c y40c1 w2f h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">11,968<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3bf y40c1 wd3 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">11,803<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 hc y41d2 ff4 fs6 fc1 sc0 ls56 ws55\">Rep<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>ente<span class=\"_ _0\"></span>d by:<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4121 w31 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 lsea ws27\">Insurance ser<span class=\"_ _0\"></span>vic<span class=\"_ _0\"></span>e expenses<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x250 y4121 w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">9,091<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x251 y4121 w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">8,373<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4158 w4f h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Other expen<span class=\"_ _1\"></span>ses<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x250 y4158 w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,877<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x251 y4158 w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,430<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w17c h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l In<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ce se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce a<span class=\"_ _0\"></span>nd ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r exp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x57c y40ae w2f h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">11,968<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3bf y40ae wd3 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">11,803<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs53b\">1.<span class=\"_ _1d\"> </span>Lo<span class=\"_ _0\"></span>ss o<span class=\"_ _0\"></span>n di<span class=\"_ _0\"></span>sp<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>sal o<span class=\"_ _0\"></span>f su<span class=\"_ _0\"></span>bs<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>fl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>e di<span class=\"_ _0\"></span>sp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>al o<span class=\"_ _0\"></span>f Ca<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs53c\">2.<span class=\"_ _1d\"> </span> <span class=\"_ _9\"></span>Ho<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>e b<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>ld<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t of sa<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>s of t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>p\u2019s h<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>se b<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>ld<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ng b<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, in<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g Ca<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>. A to<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>l of \u00a31,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>98<span class=\"_ _0\"></span>m (20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3: \u00a3<span class=\"_ _0\"></span>1,5<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>1m) of hou<span class=\"_ _0\"></span>se b<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>ng i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>me h<span class=\"_ _0\"></span>as </div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs53d\">be<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d i<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e yea<span class=\"_ _0\"></span>r (se<span class=\"_ _0\"></span>e No<span class=\"_ _0\"></span>te 2<span class=\"_ _0\"></span>(v)(e)).<span class=\"_ _3b2\"> </span></div><div class=\"t m2 he ff1 fs8 fc2 sc0 ls3a ws44 gs9d3\">31<span class=\"ls26 ws93\">.<span class=\"_ _0\"></span> <span class=\"_ _20\"> </span>Auditor\u2019<span class=\"_ _1\"></span>s remunerat<span class=\"_ _0\"></span>ion<span class=\"_ _3b2\"> </span></span></div><div class=\"gs8d5\"><table class=\"s w461 h1b8\" id=\"_7dc60814-cdb2-44b5-9a87-f86bb7c9bbc8\"><tr><td></td><td class=\"t m2 x1c6 h13 y46ac ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y46ac ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x1c8 h13 y46ad ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y46ad ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y456d w462 h116\"><div class=\"t m2 x1ca hc y4084 ff3 fs6 fc1 sc0 ls56 ws0\">Rem<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n re<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>iva<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>e by th<span class=\"_ _0\"></span>e Co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>any<span class=\"_ _0\"></span>\u2019s au<span class=\"_ _0\"></span>dito<span class=\"_ _0\"></span>rs fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e aud<span class=\"_ _0\"></span>it of th<span class=\"_ _0\"></span>e c<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>oli<span class=\"_ _0\"></span>date<span class=\"_ _0\"></span>d an<span class=\"_ _0\"></span>d Co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>any f<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>l sta<span class=\"_ _0\"></span>teme<span class=\"_ _0\"></span>nts<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x694 y456d w3eb h116\"><div class=\"t m2 x1ca hc y4084 ff5 fs6 fc1 sc0 ls56 ws55\">2.2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x158b y456d w3e7 h117\"><div class=\"t m2 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">3.5<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 h1a y46ae ff3 fs6 fc1 sc0 ls56 ws0\">Rem<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n re<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>iva<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>e by th<span class=\"_ _0\"></span>e Co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>any<span class=\"_ _0\"></span>\u2019s au<span class=\"_ _0\"></span>dito<span class=\"_ _0\"></span>rs a<span class=\"_ _0\"></span>nd i<span class=\"_ _0\"></span>ts as<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>ciate<span class=\"_ _0\"></span>s for th<span class=\"_ _0\"></span>e su<span class=\"_ _0\"></span>pp<span class=\"_ _0\"></span>ly of oth<span class=\"_ _0\"></span>er s<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>vic<span class=\"_ _0\"></span>es to th<span class=\"_ _0\"></span>e C<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pany<span class=\"_ _0\"></span> </td><td></td><td></td></tr><tr><td class=\"t m2 x206 hc y46af ff4 fs6 fc1 sc0 ls56 ws55\">and<span class=\"_ gs5e1\"> </span>i<span class=\"_ _0\"></span>ts<span class=\"_ gs5e1\"> </span>as<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>ates<span class=\"_ _0\"></span>, incl<span class=\"_ _0\"></span>udi<span class=\"_ _0\"></span>ng rem<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on for the aud<span class=\"_ _0\"></span>it of the fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>al state<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts of the Co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>any<span class=\"_ _0\"></span>\u2019s subs<span class=\"_ _0\"></span>idi<span class=\"_ _0\"></span>ari<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>:<span class=\"_ _3b2\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1cb y40c1 w463 h116\"><div class=\"t m2 x1ca hc y4084 ff3 fs6 fc1 sc0 ls56 ws0\">Th<span class=\"_ _0\"></span>e aud<span class=\"_ _0\"></span>it 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=\"_ _0\"></span>\u2019s sub<span class=\"_ _0\"></span>sid<span class=\"_ _0\"></span>iar<span class=\"_ _0\"></span>ies<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x158c y40c1 w61 h116\"><div class=\"t m2 x1ca hc y4084 ff5 fs6 fc1 sc0 ls56 ws55\">13.5<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x646 y40c1 w62 h117\"><div class=\"t m2 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">16.1<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c2 w464 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Aud<span class=\"_ _0\"></span>it re<span class=\"_ _0\"></span>late<span class=\"_ _0\"></span>d ass<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>es \u2013 re<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d by nati<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>al o<span class=\"_ _0\"></span>r EU l<span class=\"_ _0\"></span>eg<span class=\"_ _0\"></span>isl<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x158d y40c2 w3eb h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">1.8<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x40e y40c2 w3e7 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1.6<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w465 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Aud<span class=\"_ _0\"></span>it re<span class=\"_ _0\"></span>late<span class=\"_ _0\"></span>d ass<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>es \u2013 oth<span class=\"_ _0\"></span>er<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x158d y4121 w3eb h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">1.2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x40e y4121 w3e7 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ac w466 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws54\">Other assurance servic<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x158e y40ac w467 h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">1.1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x158f y40ac w3e7 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">0.9<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w468 h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws23\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> remuneration<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1f1 y40ae w61 h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">19.8<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1590 y40ae w62 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">23.1</div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAuditorsRemunerationExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-684": {
   "value": "4<span class=\"_ _1\"></span><span class=\"ls8d\">.<span class=\"_ _f8\"> </span>Insurance serv<span class=\"_ _0\"></span>ice and o<span class=\"_ _1\"></span>ther e<span class=\"_ _1\"></span>xpenses<span class=\"_ _3b2\"> </span></span><table class=\"s w16d h13e\" id=\"_4fc8421b-c159-4b6f-b367-5e2a3bf55a48\"><tr><td></td><td></td><td class=\"t m2 x1c6 h13 y41c8 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y41c8 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x42e hf y41c9 ff3 fs9 fc1 sc0 lsee wsf5\">Note<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 h13 y41c9 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y41c9 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y41ca w16e h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">Claims and benefits<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1d2 y41ca w36 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">7,834<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1d3 y41ca w37 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">7,201<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41cb w16f h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Fe<span class=\"_ _0\"></span>es an<span class=\"_ _0\"></span>d co<span class=\"_ _0\"></span>mm<span class=\"_ _0\"></span>iss<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x561 y41cb w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">693<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x562 y41cb w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">573<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4166 w170 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Los<span class=\"_ _0\"></span>ses a<span class=\"_ _0\"></span>nd re<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>sal<span class=\"_ _0\"></span>s of lo<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s on o<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>s co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>ts<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x563 y4166 w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">307<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x564 y4166 w4b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">329<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y41cc w171 h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Los<span class=\"_ _0\"></span>s on d<span class=\"_ _0\"></span>isp<span class=\"_ _0\"></span>osa<span class=\"_ _0\"></span>l of su<span class=\"_ _0\"></span>bsid<span class=\"_ _0\"></span>iar<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s</div><div class=\"t m2 x565 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1db y41cc w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">28<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x566 y41cc w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">99<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x567 y41cc wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4168 w172 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">S<span class=\"_ _0\"></span>taf<span class=\"_ _0\"></span>f c<span class=\"_ _0\"></span>ost<span class=\"_ _0\"></span>s (in<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>udi<span class=\"_ _0\"></span>ng p<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>sio<span class=\"_ _0\"></span>n co<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s and s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>d pay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x568 y4168 w39 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">32<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x569 y4168 w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,309<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x56a y4168 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,309<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41cd w173 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10e ws54\">Redundancy costs<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x56b y41cd w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">15<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x56c y41cd w50 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">9<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41ce w174 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10e ws54\">Auditor\u2019s remuneration<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x56d y41ce w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">31<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x56e y41ce w70 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">20<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x543 y41ce w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">23<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41cf w175 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">De<span class=\"_ _0\"></span>pre<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on an<span class=\"_ _0\"></span>d im<span class=\"_ _0\"></span>pai<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t of pla<span class=\"_ _0\"></span>nt an<span class=\"_ _0\"></span>d eq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>pm<span class=\"_ _0\"></span>ent<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x56f y41cf w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">11<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x570 y41cf w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">63<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x571 y41cf w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">81<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y416b w176 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Am<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>tisa<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n an<span class=\"_ _0\"></span>d imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt of i<span class=\"_ _0\"></span>nta<span class=\"_ _0\"></span>ngi<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>e ass<span class=\"_ _0\"></span>ets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x231 y416b w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">10<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x572 y416b w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">56<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x573 y416b w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">54<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y41d0 w177 h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls11e ws5c\">House build<span class=\"_ _1\"></span>ing expenses</div><div class=\"t m2 x574 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x420 y41d1 w4a h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">945<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x575 y41d1 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,308<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40bd w178 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 lsea ws27\">Othe<span class=\"_ _0\"></span>r administrative expenses<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x204 y40bd w4a h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">818<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x253 y40bd w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,092<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4189 w179 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Am<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nts a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tri<span class=\"_ _0\"></span>bu<span class=\"_ _0\"></span>ted to in<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce a<span class=\"_ _0\"></span>cq<span class=\"_ _0\"></span>uisi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on c<span class=\"_ _0\"></span>ash f<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>ws in<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d du<span class=\"_ _0\"></span>rin<span class=\"_ _0\"></span>g th<span class=\"_ _0\"></span>e yea<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x576 y4189 w3a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(358)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x577 y4189 w4d h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(335)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y417f w17a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Am<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>tisa<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of ins<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e ac<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>isi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n ca<span class=\"_ _0\"></span>sh f<span class=\"_ _0\"></span>lows<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x578 y417f w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">167<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x579 y417f w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">151<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y418c w17b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Ne<span class=\"_ _0\"></span>t imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt l<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>s on as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts for i<span class=\"_ _0\"></span>nsu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce a<span class=\"_ _0\"></span>cq<span class=\"_ _0\"></span>uis<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>on c<span class=\"_ _0\"></span>ash f<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ows<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x57a y418c wa6 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x57b y418c w50 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">8<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c1 w17c h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l In<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ce se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce a<span class=\"_ _0\"></span>nd ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r exp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x57c y40c1 w2f h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">11,968<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3bf y40c1 wd3 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">11,803<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 hc y41d2 ff4 fs6 fc1 sc0 ls56 ws55\">Rep<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>ente<span class=\"_ _0\"></span>d by:<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4121 w31 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 lsea ws27\">Insurance ser<span class=\"_ _0\"></span>vic<span class=\"_ _0\"></span>e expenses<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x250 y4121 w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">9,091<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x251 y4121 w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">8,373<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4158 w4f h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Other expen<span class=\"_ _1\"></span>ses<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x250 y4158 w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,877<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x251 y4158 w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,430<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w17c h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l In<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ce se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce a<span class=\"_ _0\"></span>nd ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r exp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x57c y40ae w2f h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">11,968<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3bf y40ae wd3 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">11,803<span class=\"_ _3b2\"> </span></div></td></tr></table>1.<span class=\"_ _1d\"> </span>Lo<span class=\"_ _0\"></span>ss o<span class=\"_ _0\"></span>n di<span class=\"_ _0\"></span>sp<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>sal o<span class=\"_ _0\"></span>f su<span class=\"_ _0\"></span>bs<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>fl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>e di<span class=\"_ _0\"></span>sp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>al o<span class=\"_ _0\"></span>f Ca<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>2.<span class=\"_ _1d\"> </span> <span class=\"_ _9\"></span>Ho<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>e b<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>ld<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t of sa<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>s of t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>p\u2019s h<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>se b<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>ld<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ng b<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, in<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g Ca<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>. A to<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>l of \u00a31,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>98<span class=\"_ _0\"></span>m (20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3: \u00a3<span class=\"_ _0\"></span>1,5<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>1m) of hou<span class=\"_ _0\"></span>se b<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>ng i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>me h<span class=\"_ _0\"></span>as be<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d i<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e yea<span class=\"_ _0\"></span>r (se<span class=\"_ _0\"></span>e No<span class=\"_ _0\"></span>te 2<span class=\"_ _0\"></span>(v)(e)).<span class=\"_ _3b2\"> </span>10<span class=\"lsa5 ws91\">. <span class=\"_ _20\"> </span>I<span class=\"_ _0\"></span>nta<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span> a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></span>Intan<span class=\"_ _0\"></span>gib<span class=\"_ _0\"></span>le ass<span class=\"_ _0\"></span>ets ma<span class=\"_ _0\"></span>inly c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>sist of c<span class=\"_ _0\"></span>api<span class=\"_ _0\"></span>talise<span class=\"_ _0\"></span>d sof<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ware c<span class=\"_ _0\"></span>osts a<span class=\"_ _0\"></span>nd in<span class=\"_ _0\"></span>tang<span class=\"_ _0\"></span>ibl<span class=\"_ _0\"></span>e asse<span class=\"_ _0\"></span>ts acq<span class=\"_ _0\"></span>uire<span class=\"_ _0\"></span>d as par<span class=\"_ _3\"></span>t of a busin<span class=\"_ _0\"></span>ess c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>binat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span> (custome<span class=\"_ _0\"></span>r<span class=\"_ gsec\"> </span>relat<span class=\"_ _0\"></span>ions<span class=\"_ _0\"></span>hips an<span class=\"_ _0\"></span>d bran<span class=\"_ _0\"></span>d). A<span class=\"_ _0\"></span>mor<span class=\"_ _3\"></span>tisati<span class=\"_ _0\"></span>on cha<span class=\"_ _0\"></span>rges an<span class=\"_ _0\"></span>d any impai<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>ents are re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed in the C<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>olid<span class=\"_ _0\"></span>ated Inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e S<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nt in<span class=\"_ gsec\"> </span>O<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r<span class=\"_ gsec\"> </span>exp<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>es (see Note 4).<span class=\"_ _3b2\"> </span><table class=\"s w1d6 h14f\" id=\"_da574b41-661c-49df-b1ab-174cc9d37fbd\"><tr><td></td><td class=\"t m2 x45d h13 y4307 ff5 fs9 fc1 sc0 ls1 ws0\">Capitalise<span class=\"_ _0\"></span>d </td><td></td><td></td></tr><tr><td></td><td class=\"c x657 y4308 w1d7 h123\"><div class=\"t m2 x1ca h13 y40ef ff5 fs9 fc1 sc0 ls38 ws3b\">software costs</div><div class=\"t m2 x656 h99 y40f0 ff5 fs1b fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"t m2 x658 h13 y4309 ff5 fs9 fc1 sc0 ls38 ws3a\">Other<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 h13 y4309 ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x431 h13 y430a ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c6 h13 y430a ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 h13 y430a ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x433 h13 y430b ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 h13 y430b ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 h13 y430b ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 hb y430c ff5 fs6 fc1 sc0 ls113 ws11f\">Cost<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y430d w1d8 h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws0\">As a<span class=\"_ _0\"></span>t 1 Ja<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x659 y430d w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">593<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x65a y430d w7b h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">36<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x65b y430d w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">629<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y430e w1cd h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 lsea ws122\">Additions<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x65c y430e w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">53<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5c2 y430e wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x65d y430e w70 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">53<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y430f w1ce h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls180 ws19b\">Disposals<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x65e y430f w67 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(6)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x65f y430f waf h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(25)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x660 y430f w41 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(31)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4168 w1d9 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Inc<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>ase d<span class=\"_ _0\"></span>ue to cu<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>cy tr<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>lati<span class=\"_ _0\"></span>on<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x661 y4168 w59 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x662 y4168 wa6 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x663 y4168 w59 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y4310 w1da h126\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls94 ws63\">Ot<span class=\"_ _0\"></span>her m<span class=\"_ _0\"></span>ovem<span class=\"_ _0\"></span>ents</div><div class=\"t m2 x664 h5a y4138 ff3 fs1c fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x213 y4311 wa5 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x665 y4311 w41 h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">(11)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x666 y4311 w41 h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">(11)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4312 w1db h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls12e wsca\">As at<span class=\"_ _1\"></span> 31<span class=\"_ _1\"></span> December<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x667 y4312 w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">642<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x668 y4312 wa5 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x669 y4312 w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">642<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 hb y4313 ff5 fs6 fc1 sc0 ls1 ws23\">Accumulated amortisation and impairment<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4314 w1d8 h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws0\">As a<span class=\"_ _0\"></span>t 1 Ja<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x66a y4314 w3a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">(142)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x65f y4314 waf h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">(10)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x66b y4314 w3a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">(152)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40bd w1d1 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls113 ws5b\">Amor<span class=\"_ _0\"></span>tisat<span class=\"_ _1\"></span>ion f<span class=\"_ _1\"></span>or the<span class=\"_ _1\"></span> year<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x66c y40bd w41 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(56)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x66d y40bd wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x66e y40bd w41 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(56)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4315 w1d2 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws118\">Impairment<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x66f y4315 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x648 y4315 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x670 y4315 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40bf w1ce h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls180 ws19b\">Disposals<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x671 y40bf wa8 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">6<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x672 y40bf wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x673 y40bf w59 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">6<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y41dd w1da h126\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls94 ws63\">Ot<span class=\"_ _0\"></span>her m<span class=\"_ _0\"></span>ovem<span class=\"_ _0\"></span>ents</div><div class=\"t m2 x664 h5a y4138 ff3 fs1c fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x213 y4316 wa5 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x674 y4316 w7b h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">10<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x675 y4316 w7b h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">10<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4317 w1db h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls12e wsca\">As at<span class=\"_ _1\"></span> 31<span class=\"_ _1\"></span> December<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x676 y4317 w3a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">(192)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x677 y4317 wa6 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x678 y4317 w3a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">(192)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4318 w1dc h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l ne<span class=\"_ _0\"></span>t boo<span class=\"_ _0\"></span>k val<span class=\"_ _0\"></span>ue as at 31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>er<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x679 y4318 w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">450<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x67a y4318 wa5 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x67b y4318 w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">450<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4158 w1d4 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">T<span class=\"_ _1\"></span>o be am<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d wi<span class=\"_ _0\"></span>thi<span class=\"_ _0\"></span>n 1<span class=\"_ _1\"></span>2 mo<span class=\"_ _0\"></span>nth<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x67c y4158 w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">47<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w1d5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">T<span class=\"_ _1\"></span>o be am<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d af<span class=\"_ _0\"></span>ter 12 mon<span class=\"_ _0\"></span>ths<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x67d y40ae w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">403<span class=\"_ _3b2\"> </span></div></td></tr></table><table class=\"s w1ca h14e\" id=\"_c375922b-8117-48dd-bf80-339f6849a9da\"><tr><td></td><td class=\"t m2 x493 hf y42fa ff3 fs9 fc1 sc0 ls189 ws1ab\">Capitalised </td><td></td><td></td></tr><tr><td></td><td class=\"c x636 y42fb w1cb h11e\"><div class=\"t m2 x1ca hf y40a5 ff3 fs9 fc1 sc0 ls168 ws123\">software costs</div><div class=\"t m2 x635 ha4 y410d ff3 fs1b fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"t m2 x463 hf y42fc ff3 fs9 fc1 sc0 ls1b ws1f\">Other<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y42fc ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x637 hf y42fd ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c6 hf y42fd ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y42fd ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x433 hf y42fe ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 hf y42fe ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y42fe ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 h1a y42ff ff3 fs6 fc1 sc0 ls10a ws118\">Cost<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4300 w1cc h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">As at 1 J<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>uar<span class=\"_ _3\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5da y4300 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">520<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x638 y4300 w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">35<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x639 y4300 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">555<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4301 w1cd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 lsea ws122\">Additions<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x63a y4301 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">100<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x63b y4301 w50 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x63c y4301 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">101<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40b8 w1ce h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls180 ws19b\">Disposals<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x63d y40b8 w5a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(23)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x63e y40b8 wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x350 y40b8 w71 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(23)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4302 w1cf h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">De<span class=\"_ _0\"></span>cr<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>e due to c<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cy t<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>sla<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x63f y4302 w6a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(4)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x640 y4302 wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x641 y4302 w6a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(4)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ba w1d0 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">As at 3<span class=\"_ _0\"></span>1 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x642 y40ba w4b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">593<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x643 y40ba w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">36<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3b2 y40ba w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">629<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 h1a y4303 ff3 fs6 fc1 sc0 ls113 ws5b\">Accumulat<span class=\"_ _1\"></span>ed a<span class=\"_ _1\"></span>mor<span class=\"_ _0\"></span>tisat<span class=\"_ _1\"></span>ion and<span class=\"_ _1\"></span> impairmen<span class=\"_ _1\"></span>t<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4304 w1cc h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">As at 1 J<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>uar<span class=\"_ _3\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x644 y4304 w3b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(109)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x645 y4304 w6a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(5)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x646 y4304 w4d h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(114)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40be w1d1 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls113 ws5b\">Amor<span class=\"_ _0\"></span>tisat<span class=\"_ _1\"></span>ion f<span class=\"_ _1\"></span>or the<span class=\"_ _1\"></span> year<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x647 y40be w71 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(48)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x648 y40be wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x649 y40be w71 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(48)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4305 w1d2 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws118\">Impairment<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x64a y4305 w6a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(1)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x64b y4305 w6a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(5)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x64c y4305 wc0 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(6)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c0 w1ce h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls180 ws19b\">Disposals<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x231 y40c0 w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">16<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x64d y40c0 wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x64e y40c0 w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">16<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4306 w1d0 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">As at 3<span class=\"_ _0\"></span>1 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x64f y4306 w3b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(142)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x650 y4306 w5a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(10)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x651 y4306 w4d h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(152)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4193 w1d3 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">T<span class=\"_ _1\"></span>otal ne<span class=\"_ _0\"></span>t bo<span class=\"_ _0\"></span>ok v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e as at 31 D<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x652 y4193 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">451<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x653 y4193 w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">26<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x654 y4193 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">477<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4158 w1d4 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">T<span class=\"_ _1\"></span>o be am<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d wi<span class=\"_ _0\"></span>thi<span class=\"_ _0\"></span>n 1<span class=\"_ _1\"></span>2 mo<span class=\"_ _0\"></span>nth<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x4b5 y4158 w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">57<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w1d5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">T<span class=\"_ _1\"></span>o be am<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d af<span class=\"_ _0\"></span>ter 12 mon<span class=\"_ _0\"></span>ths<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x655 y40ae w4b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">420<span class=\"_ _3b2\"> </span></div></td></tr></table>1. <span class=\"_ _15\"> </span>T<span class=\"_ _1\"></span>ot<span class=\"_ _0\"></span>al c<span class=\"_ _0\"></span>ap<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>lis<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d sof<span class=\"_ _3\"></span>tw<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ts i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>e \u00a3<span class=\"_ _0\"></span>213m of w<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>k i<span class=\"_ _0\"></span>n pr<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>s as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t we<span class=\"_ _0\"></span>re n<span class=\"_ _0\"></span>ot y<span class=\"_ _0\"></span>et a<span class=\"_ _0\"></span>vai<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>le fo<span class=\"_ _0\"></span>r u<span class=\"_ _0\"></span>se as a<span class=\"_ _0\"></span>t 31 D<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>4 (31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3: \u00a3<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>3m).<span class=\"_ _3b2\"> </span>2. <span class=\"_ _15\"> </span>O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er m<span class=\"_ _0\"></span>ove<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s pr<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ly r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>fle<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ova<span class=\"_ _0\"></span>l of f<span class=\"_ _0\"></span>ul<span class=\"_ _0\"></span>ly a<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d ass<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ts t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t ar<span class=\"_ _0\"></span>e no l<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r in u<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>11<span class=\"ls8d ws0\">.<span class=\"_ _bd\"> </span>Propert<span class=\"_ _0\"></span>y<span class=\"_ _4\"></span>, pl<span class=\"_ _1\"></span>ant and eq<span class=\"_ _1\"></span>uip<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nt<span class=\"_ _3b2\"> </span></span><table class=\"s w1dd h150\" id=\"_5a88836e-c80d-474e-ae38-745361fa9d52\"><tr><td></td><td></td><td class=\"c n x67e y4319 w1de h12b\"><div class=\"t m2 x1ca h13 y40ef ff5 fs9 fc1 sc0 ls1 ws0\">Right-of-use<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x67f y4319 w1df h12b\"><div class=\"t m2 x1ca h13 y40ef ff5 fs9 fc1 sc0 ls38 ws3a\">Owned<span class=\"_ _3b2\"> </span></div></td><td></td></tr><tr><td></td><td class=\"t m2 x680 h13 y431a ff5 fs9 fc1 sc0 ls3d ws86\">Office buildings<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x681 h13 y431a ff6 fs9 fc1 sc0 ls38 ws3a\">IT<span class=\"_ _3b2\"> </span></td><td class=\"c x683 y431b w187 h123\"><div class=\"t m2 x1ca h13 y40ef ff5 fs9 fc1 sc0 ls38 ws3a\">Other</div><div class=\"t m2 x682 h99 y40f0 ff5 fs1b fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c x685 y431b w1e0 h123\"><div class=\"t m2 x1ca h13 y40ef ff5 fs9 fc1 sc0 ls38 ws3a\">Other</div><div class=\"t m2 x684 h99 y40f0 ff5 fs1b fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"t m2 x1c7 h13 y431c ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x686 h13 y431d ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x430 h13 y431d ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x431 h13 y431e ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c6 h13 y431e ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 h13 y431e ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x5ef h13 y431f ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x432 h13 y431f ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x433 h13 y4320 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 h13 y4320 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 h13 y4320 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 hb y4321 ff5 fs6 fc1 sc0 ls11e ws141\">Cost<span class=\"_ _0\"></span>/<span class=\"_ _0\"></span>Valuation<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4301 w1d8 h116\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws0\">As a<span class=\"_ _0\"></span>t 1 Ja<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x687 y4301 w4a h116\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">215<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x688 y4301 w7b h116\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">35<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x689 y4301 w59 h116\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls1 ws0\">9<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x68a y4301 w4a h116\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">422<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x68b y4301 w4a h116\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">681<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y42ed w1cd h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 lsea ws122\">Additions<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x68c y42ed w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">11<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x68d y42ed wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x68e y42ed wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x68f y42ed w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">31<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x690 y42ed w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">42<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4322 w1ce h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls180 ws19b\">Disposals<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x691 y4322 w14c h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(23)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x692 y4322 wa6 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x693 y4322 w6d h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(2)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x694 y4322 w41 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(51)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x695 y4322 w41 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(76)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4323 w1d9 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Inc<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>ase d<span class=\"_ _0\"></span>ue to cu<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>cy tr<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>lati<span class=\"_ _0\"></span>on<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x696 y4323 w1e1 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x697 y4323 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x698 y4323 wa6 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x699 y4323 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x69a y4323 w59 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y42f0 w141 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 lsea ws122\">Othe<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x69b y42f0 w1e1 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x69c y42f0 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x69d y42f0 wa6 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x69e y42f0 w59 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3d3 y42f0 w59 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41d1 w1db h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls12e wsca\">As at<span class=\"_ _1\"></span> 31<span class=\"_ _1\"></span> December<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x69f y41d1 w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">205<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6a0 y41d1 w7b h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">35<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6a1 y41d1 w59 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6a2 y41d1 w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">403<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6a3 y41d1 w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">650<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 hb y4324 ff5 fs6 fc1 sc0 ls1 ws23\">Accumulated depreciation and<span class=\"_ _1\"></span> impairment<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y40bf w1d8 h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws0\">As a<span class=\"_ _0\"></span>t 1 Ja<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6a4 y40bf w3a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">(115)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6a5 y40bf w67 h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">(5)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x693 y40bf w6d h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">(4)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6a6 y40bf w3a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">(124)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6a7 y40bf w3a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">(248)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4325 w1e2 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">De<span class=\"_ _0\"></span>pre<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on fo<span class=\"_ _0\"></span>r the ye<span class=\"_ _0\"></span>ar<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6a8 y4325 w14c h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(18)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6a9 y4325 w6d h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(6)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6aa y4325 w67 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(2)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6ab y4325 w41 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(23)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6ac y4325 w41 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(49)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y42f5 w1d2 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws118\">Impairment<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6ad y42f5 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6ae y42f5 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6af y42f5 wa6 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6b0 y42f5 w41 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(14)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6b1 y42f5 waf h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(14)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4192 w1ce h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls180 ws19b\">Disposals<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6b2 y4192 w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">13<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x53f y4192 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6b3 y4192 wa8 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6b4 y4192 w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">41<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6b5 y4192 w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">56<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w1db h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls12e wsca\">As at<span class=\"_ _1\"></span> 31<span class=\"_ _1\"></span> December<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6b6 y4121 w3a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">(120)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5a2 y4121 w41 h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">(11)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6b7 y4121 w67 h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">(4)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6b8 y4121 w3a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">(120)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6b9 y4121 w3a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">(255)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w1dc h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l ne<span class=\"_ _0\"></span>t boo<span class=\"_ _0\"></span>k val<span class=\"_ _0\"></span>ue as at 31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>er<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6ba y40ae w7b h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">85<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6bb y40ae w7b h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">24<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6bc y40ae wa8 h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6bd y40ae w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">283<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6be y40ae w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">395<span class=\"_ _3b2\"> </span></div></td></tr></table><table class=\"s w1e3 h151\" id=\"_56e3c67a-b842-47c9-807a-ded02abcfd6d\"><tr><td></td><td></td><td class=\"c n x6bf y4326 w1e4 h11e\"><div class=\"t m2 x1ca hf y415b ff3 fs9 fc1 sc0 ls168 ws183\">Right-of-use<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x6c0 y4326 w1e5 h11e\"><div class=\"t m2 x1ca hf y415b ff3 fs9 fc1 sc0 ls189 ws1ab\">Owned<span class=\"_ _3b2\"> </span></div></td><td></td></tr><tr><td></td><td class=\"t m2 x6c1 hf y4327 ff3 fs9 fc1 sc0 ls187 ws41\">Off<span class=\"_ _0\"></span>ice buildings<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x681 hf y4327 ff3 fs9 fc1 sc0 ls37 ws7\">IT<span class=\"_ _3b2\"> </span></td><td class=\"c x6c3 y4328 w1e6 h11e\"><div class=\"t m2 x1ca hf y415b ff3 fs9 fc1 sc0 ls1b ws1f\">Other</div><div class=\"t m2 x6c2 ha4 y41ad ff3 fs1b fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c x6c5 y4328 w1e7 h11e\"><div class=\"t m2 x1ca hf y415b ff3 fs9 fc1 sc0 ls1b ws1f\">Other</div><div class=\"t m2 x6c4 ha4 y41ad ff3 fs1b fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"t m2 x1c7 hf y4329 ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x686 hf y432a ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x430 hf y432a ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x637 hf y432b ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c6 hf y432b ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y432b ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x5ef hf y432c ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x432 hf y432c ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x433 hf y432d ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 hf y432d ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y432d ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 hc y432e ff4 fs6 fc1 sc0 ls10a ws118\">Cost<span class=\"_ _0\"></span>/<span class=\"_ _0\"></span>Valuation<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y40b6 w1cc h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">As at 1 J<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>uar<span class=\"_ _3\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6c6 y40b6 w153 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">234<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6c7 y40b6 w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">57<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6c8 y40b6 w75 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6c9 y40b6 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">285<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x427 y40b6 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">579<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4301 w1cd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 lsea ws122\">Additions<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6ca y4301 w16b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6cb y4301 w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">35<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6cc y4301 w50 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">6<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6cd y4301 w4b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">171<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6ce y4301 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">216<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40b8 w1ce h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls180 ws19b\">Disposals<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6cf y40b8 wc3 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(20)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6d0 y40b8 w71 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(57)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6d1 y40b8 wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6d2 y40b8 w71 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(11)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6d3 y40b8 w5a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(88)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40b9 w1cf h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">De<span class=\"_ _0\"></span>cr<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>e due to c<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cy t<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>sla<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6d4 y40b9 w1e8 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(3)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6d5 y40b9 wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6d6 y40b9 wbf h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6d7 y40b9 w6a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(2)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6d8 y40b9 w6a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(5)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ba w1e9 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls112 ws6\">Revaluation<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6d9 y40ba wbe h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6da y40ba wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6db y40ba wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6dc y40ba w5a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(21)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6dd y40ba w5a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(21)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y42f1 w1d0 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">As at 3<span class=\"_ _0\"></span>1 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6de y42f1 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">215<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6df y42f1 w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">35<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1f3 y42f1 w50 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">9<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6e0 y42f1 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">422<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6e1 y42f1 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">681<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 h1a y432f ff3 fs6 fc1 sc0 ls11e ws5c\">Accumulat<span class=\"_ _1\"></span>ed depreciati<span class=\"_ _1\"></span>on and impa<span class=\"_ _1\"></span>irment<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y40be w1cc h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">As at 1 J<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>uar<span class=\"_ _3\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6e2 y40be wc3 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(94)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6e3 y40be w71 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(49)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6e4 y40be w6a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(3)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5a4 y40be w3b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(107)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6e5 y40be w3b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(253)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40bf w1e2 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">De<span class=\"_ _0\"></span>pre<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on fo<span class=\"_ _0\"></span>r the ye<span class=\"_ _0\"></span>ar<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6e6 y40bf w71 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(20)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6e7 y40bf w6a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(9)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6e8 y40bf wc0 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(1)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x419 y40bf w71 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(18)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x37c y40bf w71 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(48)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c0 w1d2 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws118\">Impairment<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6e9 y40c0 wc3 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(21)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6ea y40c0 wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6eb y40c0 wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x419 y40c0 w71 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(12)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x37c y40c0 w71 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(33)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c1 w1ce h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls180 ws19b\">Disposals<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6b2 y40c1 w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">20<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6ec y40c1 w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">53<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6ed y40c1 wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6ee y40c1 w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">11<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6ef y40c1 w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">84<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c2 w1cf h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">De<span class=\"_ _0\"></span>cr<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>e due to c<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cy t<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>sla<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6f0 y40c2 wbe h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6f1 y40c2 wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6f2 y40c2 wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6f3 y40c2 w50 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6f4 y40c2 w75 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w1d0 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">As at 3<span class=\"_ _0\"></span>1 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6f5 y4121 w3b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(115)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6f6 y4121 w6a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(5)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6f7 y4121 w6a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(4)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6f8 y4121 w3b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(124)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6f9 y4121 w4d h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(248)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w1d3 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">T<span class=\"_ _1\"></span>otal ne<span class=\"_ _0\"></span>t bo<span class=\"_ _0\"></span>ok v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e as at 31 D<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6fa y40ae w153 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">100<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6fb y40ae w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">30<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6bc y40ae w75 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">5<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6fc y40ae w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">298<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6fd y40ae w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">433<span class=\"_ _3b2\"> </span></div></td></tr></table>1.<span class=\"_ _1d\"> </span>O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er r<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>gh<span class=\"_ _0\"></span>t-<span class=\"_ _3\"></span>of-<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>se a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ts c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>se o<span class=\"_ _0\"></span>f veh<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>nd o<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r bu<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ld<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>gs<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>2.<span class=\"_ _1d\"> </span> <span class=\"_ _9\"></span>O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er o<span class=\"_ _0\"></span>wn<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ly i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>e la<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d, b<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>nd I<span class=\"_ _0\"></span>T, as wel<span class=\"_ _0\"></span>l as o<span class=\"_ _0\"></span>wn<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r-<span class=\"_ _3\"></span>oc<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y w<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>th a c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ng va<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>e of \u00a3<span class=\"_ _0\"></span>47m a<span class=\"_ _0\"></span>s at 31 D<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>4 (20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3: \u00a3<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>m) he<span class=\"_ _0\"></span>ld<span class=\"_ gs4cd\"> </span>u<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e fa<span class=\"_ _0\"></span>ir v<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>ue m<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDepreciationAndAmortisationExpenseExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-725": {
   "value": "4<span class=\"_ _1\"></span><span class=\"ls8d\">.<span class=\"_ _f8\"> </span>Insurance serv<span class=\"_ _0\"></span>ice and o<span class=\"_ _1\"></span>ther e<span class=\"_ _1\"></span>xpenses<span class=\"_ _3b2\"> </span></span><table class=\"s w16d h13e\" id=\"_4fc8421b-c159-4b6f-b367-5e2a3bf55a48\"><tr><td></td><td></td><td class=\"t m2 x1c6 h13 y41c8 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y41c8 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x42e hf y41c9 ff3 fs9 fc1 sc0 lsee wsf5\">Note<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 h13 y41c9 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y41c9 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y41ca w16e h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">Claims and benefits<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1d2 y41ca w36 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">7,834<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1d3 y41ca w37 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">7,201<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41cb w16f h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Fe<span class=\"_ _0\"></span>es an<span class=\"_ _0\"></span>d co<span class=\"_ _0\"></span>mm<span class=\"_ _0\"></span>iss<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x561 y41cb w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">693<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x562 y41cb w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">573<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4166 w170 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Los<span class=\"_ _0\"></span>ses a<span class=\"_ _0\"></span>nd re<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>sal<span class=\"_ _0\"></span>s of lo<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s on o<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>s co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>ts<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x563 y4166 w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">307<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x564 y4166 w4b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">329<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y41cc w171 h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Los<span class=\"_ _0\"></span>s on d<span class=\"_ _0\"></span>isp<span class=\"_ _0\"></span>osa<span class=\"_ _0\"></span>l of su<span class=\"_ _0\"></span>bsid<span class=\"_ _0\"></span>iar<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s</div><div class=\"t m2 x565 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1db y41cc w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">28<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x566 y41cc w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">99<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x567 y41cc wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4168 w172 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">S<span class=\"_ _0\"></span>taf<span class=\"_ _0\"></span>f c<span class=\"_ _0\"></span>ost<span class=\"_ _0\"></span>s (in<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>udi<span class=\"_ _0\"></span>ng p<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>sio<span class=\"_ _0\"></span>n co<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s and s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>d pay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x568 y4168 w39 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">32<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x569 y4168 w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,309<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x56a y4168 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,309<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41cd w173 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10e ws54\">Redundancy costs<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x56b y41cd w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">15<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x56c y41cd w50 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">9<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41ce w174 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10e ws54\">Auditor\u2019s remuneration<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x56d y41ce w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">31<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x56e y41ce w70 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">20<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x543 y41ce w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">23<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41cf w175 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">De<span class=\"_ _0\"></span>pre<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on an<span class=\"_ _0\"></span>d im<span class=\"_ _0\"></span>pai<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t of pla<span class=\"_ _0\"></span>nt an<span class=\"_ _0\"></span>d eq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>pm<span class=\"_ _0\"></span>ent<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x56f y41cf w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">11<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x570 y41cf w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">63<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x571 y41cf w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">81<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y416b w176 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Am<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>tisa<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n an<span class=\"_ _0\"></span>d imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt of i<span class=\"_ _0\"></span>nta<span class=\"_ _0\"></span>ngi<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>e ass<span class=\"_ _0\"></span>ets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x231 y416b w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">10<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x572 y416b w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">56<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x573 y416b w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">54<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y41d0 w177 h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls11e ws5c\">House build<span class=\"_ _1\"></span>ing expenses</div><div class=\"t m2 x574 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x420 y41d1 w4a h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">945<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x575 y41d1 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,308<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40bd w178 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 lsea ws27\">Othe<span class=\"_ _0\"></span>r administrative expenses<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x204 y40bd w4a h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">818<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x253 y40bd w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,092<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4189 w179 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Am<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nts a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tri<span class=\"_ _0\"></span>bu<span class=\"_ _0\"></span>ted to in<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce a<span class=\"_ _0\"></span>cq<span class=\"_ _0\"></span>uisi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on c<span class=\"_ _0\"></span>ash f<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>ws in<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d du<span class=\"_ _0\"></span>rin<span class=\"_ _0\"></span>g th<span class=\"_ _0\"></span>e yea<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x576 y4189 w3a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(358)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x577 y4189 w4d h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(335)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y417f w17a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Am<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>tisa<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of ins<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e ac<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>isi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n ca<span class=\"_ _0\"></span>sh f<span class=\"_ _0\"></span>lows<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x578 y417f w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">167<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x579 y417f w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">151<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y418c w17b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Ne<span class=\"_ _0\"></span>t imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt l<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>s on as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts for i<span class=\"_ _0\"></span>nsu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce a<span class=\"_ _0\"></span>cq<span class=\"_ _0\"></span>uis<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>on c<span class=\"_ _0\"></span>ash f<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ows<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x57a y418c wa6 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x57b y418c w50 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">8<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c1 w17c h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l In<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ce se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce a<span class=\"_ _0\"></span>nd ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r exp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x57c y40c1 w2f h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">11,968<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3bf y40c1 wd3 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">11,803<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 hc y41d2 ff4 fs6 fc1 sc0 ls56 ws55\">Rep<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>ente<span class=\"_ _0\"></span>d by:<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4121 w31 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 lsea ws27\">Insurance ser<span class=\"_ _0\"></span>vic<span class=\"_ _0\"></span>e expenses<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x250 y4121 w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">9,091<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x251 y4121 w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">8,373<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4158 w4f h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Other expen<span class=\"_ _1\"></span>ses<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x250 y4158 w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,877<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x251 y4158 w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,430<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w17c h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l In<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ce se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce a<span class=\"_ _0\"></span>nd ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r exp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x57c y40ae w2f h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">11,968<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3bf y40ae wd3 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">11,803<span class=\"_ _3b2\"> </span></div></td></tr></table>1.<span class=\"_ _1d\"> </span>Lo<span class=\"_ _0\"></span>ss o<span class=\"_ _0\"></span>n di<span class=\"_ _0\"></span>sp<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>sal o<span class=\"_ _0\"></span>f su<span class=\"_ _0\"></span>bs<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>fl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>e di<span class=\"_ _0\"></span>sp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>al o<span class=\"_ _0\"></span>f Ca<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>2.<span class=\"_ _1d\"> </span> <span class=\"_ _9\"></span>Ho<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>e b<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>ld<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t of sa<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>s of t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>p\u2019s h<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>se b<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>ld<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ng b<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, in<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g Ca<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>. A to<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>l of \u00a31,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>98<span class=\"_ _0\"></span>m (20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3: \u00a3<span class=\"_ _0\"></span>1,5<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>1m) of hou<span class=\"_ _0\"></span>se b<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>ng i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>me h<span class=\"_ _0\"></span>as be<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d i<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e yea<span class=\"_ _0\"></span>r (se<span class=\"_ _0\"></span>e No<span class=\"_ _0\"></span>te 2<span class=\"_ _0\"></span>(v)(e)).<span class=\"_ _3b2\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGeneralAndAdministrativeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-728": {
   "value": "4<span class=\"_ _1\"></span><span class=\"ls8d\">.<span class=\"_ _f8\"> </span>Insurance serv<span class=\"_ _0\"></span>ice and o<span class=\"_ _1\"></span>ther e<span class=\"_ _1\"></span>xpenses<span class=\"_ _3b2\"> </span></span><table class=\"s w16d h13e\" id=\"_4fc8421b-c159-4b6f-b367-5e2a3bf55a48\"><tr><td></td><td></td><td class=\"t m2 x1c6 h13 y41c8 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y41c8 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x42e hf y41c9 ff3 fs9 fc1 sc0 lsee wsf5\">Note<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 h13 y41c9 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y41c9 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y41ca w16e h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">Claims and benefits<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1d2 y41ca w36 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">7,834<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1d3 y41ca w37 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">7,201<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41cb w16f h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Fe<span class=\"_ _0\"></span>es an<span class=\"_ _0\"></span>d co<span class=\"_ _0\"></span>mm<span class=\"_ _0\"></span>iss<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x561 y41cb w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">693<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x562 y41cb w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">573<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4166 w170 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Los<span class=\"_ _0\"></span>ses a<span class=\"_ _0\"></span>nd re<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>sal<span class=\"_ _0\"></span>s of lo<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s on o<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>s co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>ts<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x563 y4166 w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">307<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x564 y4166 w4b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">329<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y41cc w171 h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Los<span class=\"_ _0\"></span>s on d<span class=\"_ _0\"></span>isp<span class=\"_ _0\"></span>osa<span class=\"_ _0\"></span>l of su<span class=\"_ _0\"></span>bsid<span class=\"_ _0\"></span>iar<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s</div><div class=\"t m2 x565 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1db y41cc w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">28<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x566 y41cc w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">99<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x567 y41cc wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4168 w172 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">S<span class=\"_ _0\"></span>taf<span class=\"_ _0\"></span>f c<span class=\"_ _0\"></span>ost<span class=\"_ _0\"></span>s (in<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>udi<span class=\"_ _0\"></span>ng p<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>sio<span class=\"_ _0\"></span>n co<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s and s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>d pay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x568 y4168 w39 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">32<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x569 y4168 w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,309<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x56a y4168 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,309<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41cd w173 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10e ws54\">Redundancy costs<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x56b y41cd w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">15<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x56c y41cd w50 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">9<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41ce w174 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10e ws54\">Auditor\u2019s remuneration<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x56d y41ce w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">31<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x56e y41ce w70 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">20<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x543 y41ce w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">23<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41cf w175 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">De<span class=\"_ _0\"></span>pre<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on an<span class=\"_ _0\"></span>d im<span class=\"_ _0\"></span>pai<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t of pla<span class=\"_ _0\"></span>nt an<span class=\"_ _0\"></span>d eq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>pm<span class=\"_ _0\"></span>ent<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x56f y41cf w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">11<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x570 y41cf w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">63<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x571 y41cf w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">81<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y416b w176 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Am<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>tisa<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n an<span class=\"_ _0\"></span>d imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt of i<span class=\"_ _0\"></span>nta<span class=\"_ _0\"></span>ngi<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>e ass<span class=\"_ _0\"></span>ets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x231 y416b w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">10<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x572 y416b w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">56<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x573 y416b w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">54<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y41d0 w177 h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls11e ws5c\">House build<span class=\"_ _1\"></span>ing expenses</div><div class=\"t m2 x574 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x420 y41d1 w4a h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">945<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x575 y41d1 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,308<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40bd w178 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 lsea ws27\">Othe<span class=\"_ _0\"></span>r administrative expenses<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x204 y40bd w4a h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">818<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x253 y40bd w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,092<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4189 w179 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Am<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nts a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tri<span class=\"_ _0\"></span>bu<span class=\"_ _0\"></span>ted to in<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce a<span class=\"_ _0\"></span>cq<span class=\"_ _0\"></span>uisi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on c<span class=\"_ _0\"></span>ash f<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>ws in<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d du<span class=\"_ _0\"></span>rin<span class=\"_ _0\"></span>g th<span class=\"_ _0\"></span>e yea<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x576 y4189 w3a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(358)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x577 y4189 w4d h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(335)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y417f w17a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Am<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>tisa<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of ins<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e ac<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>isi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n ca<span class=\"_ _0\"></span>sh f<span class=\"_ _0\"></span>lows<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x578 y417f w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">167<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x579 y417f w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">151<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y418c w17b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Ne<span class=\"_ _0\"></span>t imp<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt l<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>s on as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts for i<span class=\"_ _0\"></span>nsu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce a<span class=\"_ _0\"></span>cq<span class=\"_ _0\"></span>uis<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>on c<span class=\"_ _0\"></span>ash f<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ows<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x57a y418c wa6 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x57b y418c w50 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">8<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c1 w17c h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l In<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ce se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce a<span class=\"_ _0\"></span>nd ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r exp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x57c y40c1 w2f h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">11,968<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3bf y40c1 wd3 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">11,803<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 hc y41d2 ff4 fs6 fc1 sc0 ls56 ws55\">Rep<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>ente<span class=\"_ _0\"></span>d by:<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4121 w31 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 lsea ws27\">Insurance ser<span class=\"_ _0\"></span>vic<span class=\"_ _0\"></span>e expenses<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x250 y4121 w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">9,091<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x251 y4121 w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">8,373<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4158 w4f h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Other expen<span class=\"_ _1\"></span>ses<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x250 y4158 w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,877<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x251 y4158 w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,430<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w17c h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l In<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ce se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce a<span class=\"_ _0\"></span>nd ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r exp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x57c y40ae w2f h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">11,968<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3bf y40ae wd3 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">11,803<span class=\"_ _3b2\"> </span></div></td></tr></table>1.<span class=\"_ _1d\"> </span>Lo<span class=\"_ _0\"></span>ss o<span class=\"_ _0\"></span>n di<span class=\"_ _0\"></span>sp<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>sal o<span class=\"_ _0\"></span>f su<span class=\"_ _0\"></span>bs<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>fl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>e di<span class=\"_ _0\"></span>sp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>al o<span class=\"_ _0\"></span>f Ca<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>2.<span class=\"_ _1d\"> </span> <span class=\"_ _9\"></span>Ho<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>e b<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>ld<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t of sa<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>s of t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>p\u2019s h<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>se b<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>ld<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ng b<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, in<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g Ca<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>. A to<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>l of \u00a31,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>98<span class=\"_ _0\"></span>m (20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3: \u00a3<span class=\"_ _0\"></span>1,5<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>1m) of hou<span class=\"_ _0\"></span>se b<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>ng i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>me h<span class=\"_ _0\"></span>as be<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d i<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e yea<span class=\"_ _0\"></span>r (se<span class=\"_ _0\"></span>e No<span class=\"_ _0\"></span>te 2<span class=\"_ _0\"></span>(v)(e)).<span class=\"_ _3b2\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherOperatingExpenseExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-589": {
   "value": "<div class=\"t m2 he ff1 fs8 fc2 sc0 ls1 ws0 gs53f\">5<span class=\"_ _1\"></span><span class=\"ls8d ws1bb\">. Divid<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ds<span class=\"_ _3b2\"> </span></span></div><div class=\"gs540\"><table class=\"s w17d h13f\" id=\"_66bee3a9-ba34-41ab-9d18-a2c2c4d018e6\"><tr><td></td><td></td><td class=\"t m2 x57d h13 y41d3 ff6 fs9 fc1 sc0 ls29 ws30\">Dividend<span class=\"_ _3b2\"> </span></td><td class=\"c x51e y41d4 w17e h123\"><div class=\"t m2 x1ca h13 y4151 ff5 fs9 fc1 sc0 ls18 ws0\">Pe<span class=\"_ _0\"></span>r sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>e</div><div class=\"t m2 x57e h99 y41b3 ff5 fs1b fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"t m2 x288 hf y41d3 ff3 fs9 fc1 sc0 ls88 ws8d\">Dividend<span class=\"_ _3b2\"> </span></td><td class=\"c x580 y41d5 w17f h11e\"><div class=\"t m2 x1ca hf y40a5 ff3 fs9 fc1 sc0 ls1 ws16\">Per share</div><div class=\"t m2 x57f ha4 y410d ff3 fs1b fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td></tr><tr><td></td><td></td><td class=\"t m2 x430 h13 y41d6 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x431 h13 y41d6 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c6 hf y41d6 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y41d6 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td></td><td class=\"t m2 x432 h13 y41d7 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x499 h13 y41d7 ff5 fs9 fc1 sc0 ls1 ws0\">p<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 hf y41d7 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x581 hf y41d7 ff3 fs9 fc1 sc0 ls1 ws0\">p<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 hc y41d8 ff4 fs6 fc1 sc0 ls56 ws55\">Ord<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y div<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ds paid an<span class=\"_ _0\"></span>d char<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>d to <span class=\"_ _1\"></span>equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y in the yea<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>:<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y40c1 w114 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y40c1 w180 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Fi<span class=\"_ _0\"></span>nal 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>22 d<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>nd p<span class=\"_ _0\"></span>aid i<span class=\"_ _0\"></span>n Ju<span class=\"_ _0\"></span>ne 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>3<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x582 y40c1 wa5 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x583 y40c1 wa5 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x584 y40c1 w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">831<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x585 y40c1 w124 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">13.93<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y419a w114 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y419a w181 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Inte<span class=\"_ _0\"></span>rim 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>23 d<span class=\"_ _0\"></span>ivi<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>nd p<span class=\"_ _0\"></span>aid i<span class=\"_ _0\"></span>n Se<span class=\"_ _0\"></span>pte<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>3<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x586 y419a wa5 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x587 y419a wa5 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x588 y419a w4b h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">341<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x589 y419a w107 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5.71<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4183 w114 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c x405 y4183 w182 h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Fi<span class=\"_ _0\"></span>nal 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>23 di<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>nd pa<span class=\"_ _0\"></span>id in J<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>e 20<span class=\"_ _0\"></span>24</div><div class=\"t m2 x58a h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x435 y4183 w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">874<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x58b y4183 w123 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">14.63<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x58c y4183 wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x58d y4183 wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4184 w114 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y4184 w183 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Inte<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>m 20<span class=\"_ _0\"></span>24 div<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>d pai<span class=\"_ _0\"></span>d in S<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>temb<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>24<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x58e y4184 w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">356<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x58f y4184 w106 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">6.00<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x590 y4184 wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x591 y4184 wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y40ad w184 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls1 ws0\">T<span class=\"_ _1\"></span>otal <span class=\"_ _1\"></span>div<span class=\"_ _3b2\"> </span></div><div class=\"t m2 x592 hb y40a9 ff6 fs6 fc1 sc0 ls1 ws0\">idends<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x593 y40ae w185 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">1,230<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x594 y40ae w186 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\"><span>20.63<span class=\"_ _3b2\"> </span></span></div></td><td class=\"c n x595 y40ae w187 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls1 ws0\">1,172<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x596 y40ae w188 h11c\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\"><span>19.64<span class=\"_ _3b2\"> </span></span></div></td></tr></table></div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs541\">1.<span class=\"_ _1d\"> </span>Th<span class=\"_ _0\"></span>e di<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>d p<span class=\"_ _0\"></span>er s<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>e ca<span class=\"_ _0\"></span>lc<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on i<span class=\"_ _0\"></span>s ba<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d on t<span class=\"_ _0\"></span>he n<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r of e<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>es r<span class=\"_ _0\"></span>eg<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d on t<span class=\"_ _0\"></span>he e<span class=\"_ _0\"></span>x-<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d da<span class=\"_ _0\"></span>te.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs542\">2.<span class=\"_ _1d\"> </span>Th<span class=\"_ _0\"></span>e di<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>d p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>t 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3 wa<span class=\"_ _0\"></span>s \u00a38<span class=\"_ _0\"></span>71m ba<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d on t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e cu<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>nt n<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r of e<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>e e<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>at d<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs543\">Su<span class=\"_ _0\"></span>bseq<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span>nt to 31 Dece<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>24, th<span class=\"_ _0\"></span>e direc<span class=\"_ _0\"></span>tors de<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>ared a f<span class=\"_ _0\"></span>inal di<span class=\"_ _0\"></span>vide<span class=\"_ _0\"></span>nd for 20<span class=\"_ _0\"></span>24 of 1<span class=\"_ _4\"></span>5<span class=\"_ _0\"></span>.3<span class=\"_ _0\"></span>6 pe<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e per ord<span class=\"_ _0\"></span>inar<span class=\"_ _3\"></span>y share. T<span class=\"_ _0\"></span>his div<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>nd will be paid o<span class=\"_ _0\"></span>n </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs544\">5 June 20<span class=\"_ _0\"></span>25<span class=\"_ _0\"></span>. It will be ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>unted for as an appr<span class=\"_ _0\"></span>opr<span class=\"_ _0\"></span>iatio<span class=\"_ _0\"></span>n of retaine<span class=\"_ _0\"></span>d ear<span class=\"_ _0\"></span>nin<span class=\"_ _0\"></span>gs in the year en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2025 an<span class=\"_ _0\"></span>d is not inclu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d as a liabilit<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs545\">in the Co<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>lidate<span class=\"_ _0\"></span>d Balan<span class=\"_ _0\"></span>ce S<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>et as at 31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2024<span class=\"_ _0\"></span>.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDividendsExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-24": {
   "value": "0.2063",
   "decimals": 4,
   "dimensions": {
    "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersPerShare",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00",
    "unit": "iso4217:GBP/xbrli:shares"
   }
  },
  "fact-25": {
   "value": "0.1964",
   "decimals": 4,
   "dimensions": {
    "concept": "ifrs-full:DividendsRecognisedAsDistributionsToOwnersPerShare",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00",
    "unit": "iso4217:GBP/xbrli:shares"
   }
  },
  "fact-590": {
   "value": "<div class=\"t m2 he ff1 fs8 fc2 sc0 ls1 ws0 gs547\">6<span class=\"_ _1\"></span><span class=\"ls8d\">.<span class=\"_ _4c\"> </span>Ear<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>ngs per share<span class=\"_ _3b2\"> </span></span></div><div class=\"t m2 h21 ff1 fs10 fc2 sc0 ls77 ws0 gs548\">(i<span class=\"_ _1\"></span>)<span class=\"_ _154\"> </span>Basic a<span class=\"_ _0\"></span>nd core oper<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ng e<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>gs per sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></div><div class=\"gs498\"><table class=\"s w189 h140\" id=\"_d365dd8b-f5dc-46de-b900-979f6808a858\"><tr><td></td><td></td><td></td><td class=\"t m2 x42b hf y41d9 ff3 fs9 fc1 sc0 lsee wsf5\">Res<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x3fc hf y41d9 ff3 fs9 fc1 sc0 lsee wsf5\">Res<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x430 h13 y41da ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td><td class=\"c x51e y41d4 w17e h123\"><div class=\"t m2 x1ca h13 y40ef ff5 fs9 fc1 sc0 ls18 ws0\">Pe<span class=\"_ _0\"></span>r sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>e</div><div class=\"t m2 x57e h99 y40f0 ff5 fs1b fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"t m2 x49a hf y41da ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td><td class=\"c x580 y41d5 w17f h11e\"><div class=\"t m2 x1ca hf y415b ff3 fs9 fc1 sc0 ls1 ws16\">Per share</div><div class=\"t m2 x57f ha4 y41ad ff3 fs1b fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td></tr><tr><td></td><td class=\"t m2 x430 h13 y41db ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x431 h13 y41db ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c6 hf y41db ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y41db ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x432 h13 y41dc ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x499 h13 y41dc ff5 fs9 fc1 sc0 ls1 ws0\">p<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 hf y41dc ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x581 hf y41dc ff3 fs9 fc1 sc0 ls1 ws0\">p<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y41dd w18a h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws0\">Pro<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>it f<span class=\"_ _0\"></span>or t<span class=\"_ _0\"></span>he ye<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r at<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>bu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le t<span class=\"_ _0\"></span>o eq<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y h<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x597 y41dd w4a h116\"><div class=\"t m2 x1ca hc y4084 ff5 fs6 fc1 sc0 ls56 ws55\">191<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x598 y41dd w106 h116\"><div class=\"t m2 x1ca hc y4084 ff5 fs6 fc1 sc0 ls56 ws55\">3.24<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x599 y41dd w42 h116\"><div class=\"t m2 x1ca hc y4084 ff3 fs6 fc1 sc0 ls56 ws55\">457<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3f9 y41dd w107 h117\"><div class=\"t m2 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">7.73<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c1 w18b h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">Les<span class=\"_ _0\"></span>s: cou<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>n payab<span class=\"_ _0\"></span>le in res<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ct of rest<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>cted T<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>r 1 <span class=\"_ _1\"></span>co<span class=\"_ _0\"></span>nver<span class=\"_ _3\"></span>tib<span class=\"_ _0\"></span>le notes af<span class=\"_ _0\"></span>ter ta<span class=\"_ _0\"></span>x relie<span class=\"_ _0\"></span>f<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x59a y40c1 w41 h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(21)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x59b y40c1 w18c h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(0.35)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x59c y40c1 w71 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(22)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x59d y40c1 w18d h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(0.38)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y419a w18e h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws23\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> basic earnings<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x59e y419a w4a h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">170<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x59f y419a w61 h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">2.89<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5a0 y419a w42 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">435<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5a1 y419a w62 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">7.35<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w18f h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">Les<span class=\"_ _0\"></span>s: Co<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ate Inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s adjus<span class=\"_ _0\"></span>ted op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>atin<span class=\"_ _0\"></span>g prof<span class=\"_ _0\"></span>it af<span class=\"_ _0\"></span>ter all<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>ated ta<span class=\"_ _0\"></span>x<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5a2 y4121 w41 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(71)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5a3 y4121 w190 h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(1.21)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5a4 y4121 w3b h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(104)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5a5 y4121 w191 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(1.76)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ac w192 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">Les<span class=\"_ _0\"></span>s: Inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent va<span class=\"_ _0\"></span>ria<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e afte<span class=\"_ _0\"></span>r allo<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>ted tax<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5a6 y40ac w36 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,092<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5a7 y40ac w193 h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">18.55<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5a8 y40ac w4b h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">795<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5a9 y40ac w124 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">13.45<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y41df w194 h141\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls11c ws25\">T<span class=\"_ _4\"></span>ot<span class=\"_ _0\"></span>al basi<span class=\"_ _1\"></span>c core<span class=\"_ _1\"></span> operating earnings</div><div class=\"t m2 x5aa h91 y41de ff5 fs1c fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x593 y40ae w36 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,191<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5ab y40ae w123 h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">20.23<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5ac y40ae w30 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,126<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5ad y40ae w195 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">19.04<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs549\">1.<span class=\"_ _1d\"> </span> <span class=\"_ _9\"></span>Ba<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>c ea<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>s pe<span class=\"_ _0\"></span>r s<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>re i<span class=\"_ _0\"></span>s ca<span class=\"_ _0\"></span>lc<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d by di<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>fit a<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r ta<span class=\"_ _0\"></span>x b<span class=\"_ _0\"></span>y th<span class=\"_ _0\"></span>e we<span class=\"_ _0\"></span>ig<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 n<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r of o<span class=\"_ _0\"></span>rd<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>ar<span class=\"_ _3\"></span>y sha<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s i<span class=\"_ _0\"></span>n is<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>e du<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g th<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar, ex<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g e<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>oye<span class=\"_ _0\"></span>e sc<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me </div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls195 ws2a gs54a\">treasur<span class=\"_ _0\"></span>y<span class=\"_ gs4cd\"> </span><span class=\"_ _1\"></span>shares.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs54b\">2.<span class=\"_ _1d\"> </span>T<span class=\"_ _1\"></span>ot<span class=\"_ _0\"></span>al b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ic c<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>e ea<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>s in<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>s al<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x at t<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>da<span class=\"_ _0\"></span>rd U<span class=\"_ _0\"></span>K c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>te t<span class=\"_ _0\"></span>ax r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h21 ff1 fs10 fc2 sc0 ls77 ws0 gs54c\">(ii)<span class=\"_ _c2\"> </span>D<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>luted and core op<span class=\"_ _0\"></span>erat<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ng ea<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>gs per sha<span class=\"_ _0\"></span>re<span class=\"_ _3b2\"> </span></div><div class=\"gs54d\"><table class=\"s w196 h142\" id=\"_4d48db79-a271-43ff-8907-123d24a75ac2\"><tr><td></td><td></td><td class=\"t m2 x5ae h13 y41e0 ff6 fs9 fc1 sc0 ls3d ws131\">Weighted<span class=\"_ _1\"></span> av<span class=\"_ _1\"></span>erage </td><td></td></tr><tr><td></td><td class=\"t m2 x5af h13 y41e1 ff5 fs9 fc1 sc0 ls189 ws4b\">After ta<span class=\"_ _0\"></span>x<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x5b0 h13 y41e1 ff5 fs9 fc1 sc0 ls14a ws163\">number of<span class=\"_ _1\"></span> shares<span class=\"_ _3b2\"> </span></td><td class=\"c x5b2 y41e2 w197 h123\"><div class=\"t m2 x1ca h13 y4151 ff5 fs9 fc1 sc0 ls18 ws0\">Pe<span class=\"_ _0\"></span>r sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>e</div><div class=\"t m2 x5b1 h99 y41b3 ff5 fs1b fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 h13 y41e3 ff5 fs9 fc1 sc0 ls18 ws0\">Fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>24<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x433 h13 y41e3 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x326 h13 y41e3 ff5 fs9 fc1 sc0 ls1 ws0\">m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x581 h13 y41e3 ff5 fs9 fc1 sc0 ls1 ws0\">p<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y41e4 w198 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Prof<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t for th<span class=\"_ _0\"></span>e yea<span class=\"_ _0\"></span>r at<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ib<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e to equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y h<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>rs<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5b3 y41e4 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">191<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1d2 y41e4 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">5,886<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5b4 y41e4 w106 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">3.24<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y41e6 w199 h143\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">Les<span class=\"_ _0\"></span>s: cou<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>n payab<span class=\"_ _0\"></span>le in res<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ct of rest<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>cted T<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>r 1 <span class=\"_ _1\"></span>co<span class=\"_ _0\"></span>nver<span class=\"_ _3\"></span>tib<span class=\"_ _0\"></span>le notes af<span class=\"_ _0\"></span>ter ta<span class=\"_ _0\"></span>x relie<span class=\"_ _0\"></span>f</div><div class=\"t m2 x5b5 h5a y41e5 ff3 fs1c fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5b6 y40bf w41 h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">(21)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5b7 y40bf wa5 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5b8 y40bf w18c h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">(0.35)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41e7 w19a h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Ne<span class=\"_ _0\"></span>t sha<span class=\"_ _0\"></span>res u<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>er o<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>ns a<span class=\"_ _0\"></span>llo<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>e for n<span class=\"_ _0\"></span>o fur<span class=\"_ _3\"></span>the<span class=\"_ _0\"></span>r co<span class=\"_ _0\"></span>nsi<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5b9 y41e7 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5ba y41e7 w70 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">62<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5bb y41e7 w18c h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(0.03)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c1 w19b h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls1 ws23\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> diluted earnings<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5bc y40c1 w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">170<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1e9 y40c1 w36 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">5,948<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5bd y40c1 w106 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">2.86<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41e8 w18f h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">Les<span class=\"_ _0\"></span>s: Co<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ate Inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s adjus<span class=\"_ _0\"></span>ted op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>atin<span class=\"_ _0\"></span>g prof<span class=\"_ _0\"></span>it af<span class=\"_ _0\"></span>ter all<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>ated ta<span class=\"_ _0\"></span>x<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5be y41e8 waf h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(71)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5bf y41e8 wa5 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5c0 y41e8 w190 h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(1.19)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4107 w192 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">Les<span class=\"_ _0\"></span>s: Inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent va<span class=\"_ _0\"></span>ria<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e afte<span class=\"_ _0\"></span>r allo<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>ted tax<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5c1 y4107 w36 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,092<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5c2 y4107 wa5 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5c3 y4107 w123 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">18.36<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y41a9 w19c h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Co<span class=\"_ _0\"></span>nver<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>on of re<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ric<span class=\"_ _0\"></span>ted T<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>r 1 no<span class=\"_ _0\"></span>tes</div><div class=\"t m2 x5c4 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5c5 y40ac w7b h11b\"><div class=\"t m2 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls56 ws55\">21<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5c6 y40ac w4a h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">307<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5c7 y40ac w18c h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">(0.65)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w19d h11b\"><div class=\"t m2 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls11c ws25\">T<span class=\"_ _4\"></span>ot<span class=\"_ _0\"></span>al dilut<span class=\"_ _1\"></span>ed core<span class=\"_ _1\"></span> operating earnings<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5c8 y40ae w36 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">1,212<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1df y40ae w36 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">6,255<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5c9 y40ae w123 h11b\"><div class=\"t m2 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls56 ws55\">19.38<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"gs54e\"><table class=\"s w19e h144\" id=\"_7fa5558f-0d22-4363-bb49-3e2e4dc8c49a\"><tr><td></td><td class=\"t m2 x465 hf y41e9 ff3 fs9 fc1 sc0 lsee wsf5\">Res<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ted<span class=\"_ _0\"></span><span class=\"ls1 ws0\"> </span></td><td class=\"t m2 x5ca hf y41e9 ff3 fs9 fc1 sc0 ls1 ws16\">Weight<span class=\"_ _1\"></span>ed average </td><td class=\"t m2 x5cb hf y41e9 ff3 fs9 fc1 sc0 lsee wsf5\">Res<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ted<span class=\"_ _0\"></span><span class=\"ls1 ws0\"> </span></td></tr><tr><td></td><td class=\"t m2 x27e hf y41ea ff3 fs9 fc1 sc0 lsee ws183\">Af<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r ta<span class=\"_ _0\"></span>x<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x5ca hf y41ea ff3 fs9 fc1 sc0 ls168 ws123\">number of shares<span class=\"_ _3b2\"> </span></td><td class=\"c x580 y41eb w17f h11e\"><div class=\"t m2 x1ca hf y40a5 ff3 fs9 fc1 sc0 ls1 ws16\">Per share</div><div class=\"t m2 x57f ha4 y41be ff3 fs1b fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 hf y41ec ff3 fs9 fc1 sc0 ls18 ws0\">Fo<span class=\"_ _0\"></span>r the y<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>r en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>23<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x433 hf y41ec ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x326 hf y41ec ff3 fs9 fc1 sc0 ls1 ws0\">m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x581 hf y41ec ff3 fs9 fc1 sc0 ls1 ws0\">p<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y40bf w198 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Prof<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t for th<span class=\"_ _0\"></span>e yea<span class=\"_ _0\"></span>r at<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ib<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e to equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y h<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>rs<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5cc y40bf w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">457<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5cd y40bf w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5,915<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5ce y40bf w62 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">7.73<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41dd w19a h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Ne<span class=\"_ _0\"></span>t sha<span class=\"_ _0\"></span>res u<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>er o<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>ns a<span class=\"_ _0\"></span>llo<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>e for n<span class=\"_ _0\"></span>o fur<span class=\"_ _3\"></span>the<span class=\"_ _0\"></span>r co<span class=\"_ _0\"></span>nsi<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5cf y41dd wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5d0 y41dd w39 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">59<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5d1 y41dd w191 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(0.08)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c1 w19f h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Co<span class=\"_ _0\"></span>nver<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>on of re<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ric<span class=\"_ _0\"></span>ted T<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>r 1 no<span class=\"_ _0\"></span>tes<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5d2 y40c1 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5d3 y40c1 w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">307<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5d4 y40c1 w18d h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(0.37)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y419a w1a0 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">T<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>tal diluted earnings<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1eb y419a w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">457<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5d5 y419a w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">6,281<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5d6 y419a w107 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">7.28<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w18f h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">Les<span class=\"_ _0\"></span>s: Co<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ate Inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s adjus<span class=\"_ _0\"></span>ted op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>atin<span class=\"_ _0\"></span>g prof<span class=\"_ _0\"></span>it af<span class=\"_ _0\"></span>ter all<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>ated ta<span class=\"_ _0\"></span>x<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5d7 y4121 w3b h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(104)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5d8 y4121 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5d9 y4121 w18d h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(1.66)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ac w192 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">Les<span class=\"_ _0\"></span>s: Inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent va<span class=\"_ _0\"></span>ria<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e afte<span class=\"_ _0\"></span>r allo<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>ted tax<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5da y40ac w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">795<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5db y40ac wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5dc y40ac w195 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">12.66<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w1a1 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">T<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>tal diluted core operating earnings<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5dd y40ae w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,148<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5de y40ae w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">6,281<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5df y40ae w124 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">18.28<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs54f\">1.<span class=\"_ _1d\"> </span> <span class=\"_ _9\"></span>Fo<span class=\"_ _0\"></span>r di<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d e<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>s p<span class=\"_ _0\"></span>er s<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e, t<span class=\"_ _0\"></span>he w<span class=\"_ _0\"></span>ei<span class=\"_ _0\"></span>gh<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d av<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>e n<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>er o<span class=\"_ _0\"></span>f or<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>re<span class=\"_ _0\"></span>s i<span class=\"_ _0\"></span>n is<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>e, e<span class=\"_ _0\"></span>xc<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g em<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>loy<span class=\"_ _0\"></span>ee s<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e tr<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>ha<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, is ad<span class=\"_ _0\"></span>j<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d to a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>e c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n of a<span class=\"_ _0\"></span>ll </div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs550\">po<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>l or<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>re<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, su<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>h as s<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>re o<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>s gr<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d to e<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>pl<span class=\"_ _0\"></span>oye<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d c<span class=\"_ _0\"></span>onv<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n of r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed T<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>er 1 n<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs551\">2.<span class=\"_ _1d\"> </span> <span class=\"_ _9\"></span>Th<span class=\"_ _0\"></span>e c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n of r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ed T<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>er 1 n<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>tes i<span class=\"_ _0\"></span>n 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>4 is a<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e ca<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on o<span class=\"_ _0\"></span>f di<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d ea<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>s p<span class=\"_ _0\"></span>er s<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e an<span class=\"_ _0\"></span>d di<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve f<span class=\"_ _0\"></span>or t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ul<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n of d<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>ed c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>re o<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g e<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>s </div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs552\">pe<span class=\"_ _0\"></span>r<span class=\"_ gs4cd\"> </span>s<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>. Wh<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>re a<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>, th<span class=\"_ _0\"></span>e c<span class=\"_ _0\"></span>onv<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n ha<span class=\"_ _0\"></span>s no<span class=\"_ _0\"></span>t be<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n co<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d fo<span class=\"_ _0\"></span>r t<span class=\"_ _0\"></span>he d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n of t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>t p<span class=\"_ _0\"></span>er s<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>e. T<span class=\"_ _0\"></span>he i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t c<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>d po<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>ll<span class=\"_ _0\"></span>y di<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>te b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ic e<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>gs </div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs553\">pe<span class=\"_ _0\"></span>r s<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>re i<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e fu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEarningsPerShareExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-591": {
   "value": "<div class=\"t m2 he ff1 fs8 fc2 sc0 ls1 ws0 gs555\">7<span class=\"_ _9\"></span><span class=\"lsad ws58\">.<span class=\"_ _48\"> </span>Pr<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>ncipa<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> pro<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></span></div><div class=\"t m2 h15 ff1 fs5 fc2 sc0 ls18 ws0 gs556\">Pr<span class=\"_ _0\"></span>oduc<span class=\"_ _0\"></span>t cla<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs557\">Th<span class=\"_ _0\"></span>e Group\u2019s pro<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>ts are clas<span class=\"_ _0\"></span>sif<span class=\"_ _0\"></span>ied for ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>unti<span class=\"_ _0\"></span>ng pur<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>ses as eit<span class=\"_ _0\"></span>her in<span class=\"_ _0\"></span>sura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e or investm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>ts. T<span class=\"_ _0\"></span>he basis of acc<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nting for th<span class=\"_ _0\"></span>ese </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs558\">prod<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>ts is outli<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>d in Note 1<span class=\"_ _1\"></span>. The followin<span class=\"_ _0\"></span>g table su<span class=\"_ _0\"></span>mma<span class=\"_ _0\"></span>ris<span class=\"_ _0\"></span>es the clas<span class=\"_ _0\"></span>sif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of the Group\u2019s key insura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e and invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts as well </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs559\">as<span class=\"_ gsec\"> </span>invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt prod<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>ts for each ap<span class=\"_ _0\"></span>plic<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e busin<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"gs55a\"><table class=\"s w1a2 h145\" id=\"_750eb32f-adcd-469f-aba2-88fbf3e2f6cb\"><tr><td class=\"c n x1cb y41ed w1a3 h128\"><div class=\"t m2 x1ca h13 y4151 ff5 fs9 fc1 sc0 ls14a ws163\">Reportable segment<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5e0 y41ed w1a4 h128\"><div class=\"t m2 x1ca h13 y4151 ff6 fs9 fc1 sc0 ls37 ws7\">Insuran<span class=\"_ _1\"></span>ce c<span class=\"_ _1\"></span>ontracts<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x5e1 y41ed w1a5 h128\"><div class=\"t m2 x1ca h13 y4151 ff6 fs9 fc1 sc0 ls18 ws32\">I<span class=\"_ _0\"></span>nve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt co<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d inve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>du<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ts<span class=\"_ _3b2\"> </span></div></td><td></td></tr><tr><td class=\"c n x1cb y41ee w1a6 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">Institutional R<span class=\"_ _1\"></span>etirement<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5e2 y41ee w114 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022</div></td><td class=\"c n x5e3 y41ee w1a7 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 lsea ws27\">Pension risk transfers<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5e4 y41ee w1a8 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022</div></td><td class=\"c n x5e5 y41ee w1a9 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10e ws54\">Assured payment policies<span class=\"_ _3b2\"> </span></div></td></tr><tr><td></td><td class=\"c n x5e6 y41ef w114 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022</div></td><td class=\"c n x5e7 y41ef w1aa h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Longevit<span class=\"_ _0\"></span>y insurance<span class=\"_ _3b2\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c n x1cb y41f0 w1ab h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls149 ws1bc\">Retai<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5e8 y41f0 w114 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022</div></td><td class=\"c n x5e9 y41f0 w1ac h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">UK R<span class=\"_ _0\"></span>eta<span class=\"_ _0\"></span>il pro<span class=\"_ _0\"></span>tec<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5e4 y41f1 w1a8 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022</div></td><td class=\"c n x5e5 y41f1 w1ad h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls113 ws5b\">Lifet<span class=\"_ _1\"></span>ime mortgages<span class=\"_ _3b2\"> </span></div></td></tr><tr><td></td><td class=\"c n x5e6 y41f2 w114 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5e7 y41f2 w1ae h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls113 ws5b\">UK Group<span class=\"_ _1\"></span> prot<span class=\"_ _1\"></span>ection<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5e4 y41f3 w1a8 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022</div></td><td class=\"c n x5e5 y41f3 w1af h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">Fixed term individual<span class=\"_ _1\"></span> annuities<span class=\"_ _3b2\"> </span></div></td></tr><tr><td></td><td class=\"c n x5e6 y41f4 w114 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5e7 y41f4 w1b0 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls113 ws5b\">US prot<span class=\"_ _1\"></span>ection<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5e4 y41f5 w1a8 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022</div></td><td class=\"c n x5e5 y41f5 w1b1 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls113 ws5b\">Retir<span class=\"_ _1\"></span>ement int<span class=\"_ _1\"></span>erest<span class=\"_ _1\"></span> only mortga<span class=\"_ _1\"></span>ges<span class=\"_ _3b2\"> </span></div></td></tr><tr><td></td><td class=\"c n x5e6 y41f6 w114 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022</div></td><td class=\"c n x5e7 y41f6 w1b2 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">US u<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>sal l<span class=\"_ _0\"></span>ife<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5e4 y41f7 w1a8 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022</div></td><td class=\"c n x5e5 y41f7 w1b3 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Wor<span class=\"_ _0\"></span>kp<span class=\"_ _0\"></span>lac<span class=\"_ _0\"></span>e an<span class=\"_ _0\"></span>d Ret<span class=\"_ _0\"></span>ail s<span class=\"_ _0\"></span>avi<span class=\"_ _0\"></span>ngs<span class=\"_ _3b2\"> </span></div></td></tr><tr><td></td><td class=\"c n x5e6 y41f8 w114 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022</div></td><td class=\"c n x5e7 y41f8 w1b4 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 lsea ws27\">Individual annuities<span class=\"_ _3b2\"> </span></div></td><td></td><td></td></tr><tr><td></td><td class=\"c n x5e6 y41f9 w114 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022</div></td><td class=\"c n x5e7 y41f9 w1b5 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Lifetime Care Plan<span class=\"_ _3b2\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c n x1cb y41fa w1b6 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls12e wsca\">Asset Management<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x5ea y41fa w1a8 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022</div></td><td class=\"c n x5eb y41fa w1b7 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls112 ws1e\">Institu<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>al pensio<span class=\"_ _0\"></span>n<span class=\"_ _3b2\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c n x5e4 y41fb w1a8 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022</div></td><td class=\"c n x5e5 y41fb w1b8 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Segre<span class=\"_ _0\"></span>gated in<span class=\"_ _1\"></span>vestment management mandates<span class=\"_ _3b2\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c n x5e4 y40ae w1a8 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5e5 y40ae w1b9 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls11e ws5c\">Collective in<span class=\"_ _1\"></span>vestment s<span class=\"_ _1\"></span>chemes<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs55b\">A signif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t of the Grou<span class=\"_ _0\"></span>p\u2019s busine<span class=\"_ _0\"></span>ss involve<span class=\"_ _0\"></span>s the acc<span class=\"_ _0\"></span>ept<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e and man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt of risk<span class=\"_ _0\"></span>. </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs55c\">A desc<span class=\"_ _0\"></span>ripti<span class=\"_ _0\"></span>on of the pr<span class=\"_ _0\"></span>inc<span class=\"_ _0\"></span>ipal pro<span class=\"_ _0\"></span>du<span class=\"_ _0\"></span>cts of<span class=\"_ _0\"></span>fered by the Gro<span class=\"_ _0\"></span>up\u2019s core se<span class=\"_ _0\"></span>gm<span class=\"_ _0\"></span>ents is ou<span class=\"_ _0\"></span>tlin<span class=\"_ _0\"></span>ed be<span class=\"_ _0\"></span>low. In additio<span class=\"_ _0\"></span>n to the core se<span class=\"_ _0\"></span>gme<span class=\"_ _0\"></span>nts<span class=\"_ _0\"></span>, Co<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>orate </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs55d\">Invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts, whi<span class=\"_ _0\"></span>ch rep<span class=\"_ _0\"></span>rese<span class=\"_ _0\"></span>nts a por<span class=\"_ _3\"></span>tfol<span class=\"_ _0\"></span>io of non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>rategi<span class=\"_ _0\"></span>c assets<span class=\"_ _0\"></span>, is mana<span class=\"_ _0\"></span>ged se<span class=\"_ _0\"></span>par<span class=\"_ _0\"></span>ately wit<span class=\"_ _0\"></span>h the goa<span class=\"_ _0\"></span>l of maximi<span class=\"_ _0\"></span>sing sh<span class=\"_ _0\"></span>areh<span class=\"_ _0\"></span>old<span class=\"_ _0\"></span>er valu<span class=\"_ _0\"></span>e ahea<span class=\"_ _0\"></span>d </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs55e\">of<span class=\"_ gsec\"> </span>potentia<span class=\"_ _0\"></span>l divest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs55f\">Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p se<span class=\"_ _0\"></span>eks to man<span class=\"_ _0\"></span>age i<span class=\"_ _0\"></span>ts exp<span class=\"_ _0\"></span>osu<span class=\"_ _0\"></span>re to risk th<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>gh co<span class=\"_ _0\"></span>ntro<span class=\"_ _0\"></span>ls whic<span class=\"_ _0\"></span>h en<span class=\"_ _0\"></span>sure th<span class=\"_ _0\"></span>at the re<span class=\"_ _0\"></span>sidu<span class=\"_ _0\"></span>al exp<span class=\"_ _0\"></span>osu<span class=\"_ _0\"></span>res are wi<span class=\"_ _0\"></span>thin a<span class=\"_ _0\"></span>cc<span class=\"_ _0\"></span>epta<span class=\"_ _0\"></span>ble tol<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>es </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs560\">agre<span class=\"_ _0\"></span>ed by the B<span class=\"_ _0\"></span>oard<span class=\"_ _0\"></span>. The G<span class=\"_ _0\"></span>roup\u2019s risk ap<span class=\"_ _0\"></span>peti<span class=\"_ _0\"></span>te fram<span class=\"_ _0\"></span>ewor<span class=\"_ _0\"></span>k and the me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>ds use<span class=\"_ _0\"></span>d to monitor ri<span class=\"_ _0\"></span>sk expo<span class=\"_ _0\"></span>sure<span class=\"_ _0\"></span>s can be foun<span class=\"_ _0\"></span>d on pag<span class=\"_ _0\"></span>es 4<span class=\"_ _0\"></span>4 to 53<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 lsd ws7f gs561\">Det<span class=\"_ _0\"></span>ails of the risks assoc<span class=\"_ _0\"></span>iated with the Grou<span class=\"_ _0\"></span>p\u2019s princi<span class=\"_ _0\"></span>pal prod<span class=\"_ _0\"></span>uct<span class=\"_ _0\"></span>s and the contro<span class=\"_ _0\"></span>ls used to manage thes<span class=\"_ _0\"></span>e risks can be found in Notes 8 <span class=\"_ _1\"></span>and<span class=\"_ gsec\"> </span>16<span class=\"_ gsec\"> </span>t<span class=\"_ _1\"></span>o 1<span class=\"_ _1\"></span>8.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h21 ff1 fs10 fc2 sc0 ls9c wsa0 gs562\">Inst<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>utional Ret<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>rement<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h15 ff1 fs5 fc2 sc0 ls18 ws0 gs563\">A<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y cont<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs564\">Pens<span class=\"_ _0\"></span>ion Ris<span class=\"_ _0\"></span>k T<span class=\"_ _4\"></span>r<span class=\"_ _0\"></span>ansfer (P<span class=\"_ _0\"></span>RT<span class=\"_ _0\"></span>) rep<span class=\"_ _0\"></span>rese<span class=\"_ _0\"></span>nts bul<span class=\"_ _0\"></span>k annui<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s, whe<span class=\"_ _0\"></span>reby th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p acc<span class=\"_ _0\"></span>epts the as<span class=\"_ _0\"></span>sets an<span class=\"_ _0\"></span>d liabili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s of a <span class=\"_ _1\"></span>co<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>ny pensi<span class=\"_ _0\"></span>on sc<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>me or<span class=\"_ gsec\"> </span>a life </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs565\">fun<span class=\"_ _0\"></span>d. An<span class=\"_ _0\"></span>nui<span class=\"_ _0\"></span>ties p<span class=\"_ _0\"></span>rovide gu<span class=\"_ _0\"></span>ara<span class=\"_ _0\"></span>ntee<span class=\"_ _0\"></span>d inco<span class=\"_ _0\"></span>me for a spe<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ed tim<span class=\"_ _0\"></span>e, usu<span class=\"_ _0\"></span>ally th<span class=\"_ _0\"></span>e life of <span class=\"_ _1\"></span>the p<span class=\"_ _0\"></span>olic<span class=\"_ _0\"></span>yh<span class=\"_ _0\"></span>old<span class=\"_ _0\"></span>er and may in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>de a guar<span class=\"_ _0\"></span>antee<span class=\"_ _0\"></span>d paym<span class=\"_ _0\"></span>ent pe<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>od.<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs566\">PRT bus<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>ss con<span class=\"_ _0\"></span>sists of both im<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>diate and defer<span class=\"_ _0\"></span>red an<span class=\"_ _0\"></span>nui<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs567\">Imm<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>ate annuit<span class=\"_ _0\"></span>ies prov<span class=\"_ _0\"></span>ide a regu<span class=\"_ _0\"></span>lar inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e stre<span class=\"_ _0\"></span>am to the polic<span class=\"_ _0\"></span>yh<span class=\"_ _0\"></span>old<span class=\"_ _0\"></span>er and are in pay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt at the date of the transa<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>. </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs568\">Defer<span class=\"_ _0\"></span>red an<span class=\"_ _0\"></span>nui<span class=\"_ _0\"></span>ties prov<span class=\"_ _0\"></span>ide a reg<span class=\"_ _0\"></span>ular in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me stre<span class=\"_ _0\"></span>am to the poli<span class=\"_ _0\"></span>cyh<span class=\"_ _0\"></span>old<span class=\"_ _0\"></span>er wh<span class=\"_ _0\"></span>ere the in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me str<span class=\"_ _0\"></span>eam sta<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ts at a futu<span class=\"_ _0\"></span>re date after th<span class=\"_ _0\"></span>e trans<span class=\"_ _0\"></span>acti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>. </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs569\">So<span class=\"_ _0\"></span>me defe<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts acc<span class=\"_ _0\"></span>epte<span class=\"_ _0\"></span>d by the Group c<span class=\"_ _0\"></span>onta<span class=\"_ _0\"></span>in guar<span class=\"_ _0\"></span>antee<span class=\"_ _0\"></span>d cas<span class=\"_ _0\"></span>h optio<span class=\"_ _0\"></span>ns, p<span class=\"_ _0\"></span>redo<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>antl<span class=\"_ _0\"></span>y minim<span class=\"_ _0\"></span>um facto<span class=\"_ _0\"></span>rs for com<span class=\"_ _0\"></span>mu<span class=\"_ _0\"></span>ting pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs56a\">of<span class=\"_ gsec\"> </span>the<span class=\"_ gsec\"> </span>an<span class=\"_ _0\"></span>nui<span class=\"_ _0\"></span>ty in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me into cas<span class=\"_ _0\"></span>h at the date of vesting<span class=\"_ _0\"></span>. </div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs56b\">Th<span class=\"_ _0\"></span>ere is a bl<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>k of imm<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>iate and defe<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d ann<span class=\"_ _0\"></span>uiti<span class=\"_ _0\"></span>es wit<span class=\"_ _0\"></span>hin th<span class=\"_ _0\"></span>e UK b<span class=\"_ _0\"></span>usin<span class=\"_ _0\"></span>ess wi<span class=\"_ _0\"></span>th b<span class=\"_ _0\"></span>enef<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ts lin<span class=\"_ _0\"></span>ked to chan<span class=\"_ _0\"></span>ges i<span class=\"_ _0\"></span>n the R<span class=\"_ _0\"></span>PI or fo<span class=\"_ _0\"></span>r a mino<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs56c\">the<span class=\"_ gsec\"> </span>C<span class=\"_ _0\"></span>PI,<span class=\"_ gsec\"> </span>b<span class=\"_ _0\"></span>ut wi<span class=\"_ _0\"></span>th con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>tual ma<span class=\"_ _0\"></span>xi<span class=\"_ _0\"></span>mum or mi<span class=\"_ _0\"></span>nimu<span class=\"_ _0\"></span>m inc<span class=\"_ _0\"></span>rease<span class=\"_ _0\"></span>s. Imp<span class=\"_ _0\"></span>act o<span class=\"_ _0\"></span>n profi<span class=\"_ _0\"></span>t due to chan<span class=\"_ _0\"></span>ges in inf<span class=\"_ _0\"></span>latio<span class=\"_ _0\"></span>n can be fou<span class=\"_ _0\"></span>nd in Note 20 </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs56d\">IFR<span class=\"_ _0\"></span>S<span class=\"_ gsec\"> </span>se<span class=\"_ _0\"></span>nsit<span class=\"_ _0\"></span>ivi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y analy<span class=\"_ _0\"></span>sis.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h15 ff1 fs5 fc2 sc0 ls102 ws1bd gs56e\">Inv<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>tme<span class=\"_ _1\"></span>nt<span class=\"_ _1\"></span> co<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>tract<span class=\"_ _1\"></span>s<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 lsb ws42 gs56f\">Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p wri<span class=\"_ _0\"></span>tes Assu<span class=\"_ _0\"></span>red P<span class=\"_ _0\"></span>ayme<span class=\"_ _0\"></span>nt Po<span class=\"_ _0\"></span>lici<span class=\"_ _0\"></span>es (A<span class=\"_ _0\"></span>PP). An A<span class=\"_ _0\"></span>P<span class=\"_ _0\"></span>P is a long<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>term c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t und<span class=\"_ _0\"></span>er whi<span class=\"_ _0\"></span>ch the p<span class=\"_ _0\"></span>oli<span class=\"_ _0\"></span>cyh<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span> (<span class=\"_ _1\"></span>a regis<span class=\"_ _0\"></span>tered U<span class=\"_ _0\"></span>K pen<span class=\"_ _0\"></span>sio<span class=\"_ _0\"></span>n sch<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>e) </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls7 ws3d gs570\">pays a <span class=\"_ _1\"></span>day-<span class=\"_ _3\"></span>one premi<span class=\"_ _0\"></span>um and in <span class=\"_ _1\"></span>retur<span class=\"_ _0\"></span>n recei<span class=\"_ _0\"></span>ves a <span class=\"_ _1\"></span>contr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>uall<span class=\"_ _0\"></span>y fixed and/or inflatio<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>lin<span class=\"_ _0\"></span>ked set <span class=\"_ _1\"></span>of payments over a <span class=\"_ _1\"></span>fixe<span class=\"_ _0\"></span>d perio<span class=\"_ _0\"></span>d of <span class=\"_ _1\"></span>time from the <span class=\"_ _1\"></span>insu<span class=\"_ _0\"></span>rer.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h15 ff1 fs5 fc2 sc0 ls18 ws0 gs571\">Lon<span class=\"_ _0\"></span>gev<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nce cont<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>ts<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs572\">Th<span class=\"_ _0\"></span>e Group als<span class=\"_ _0\"></span>o provid<span class=\"_ _0\"></span>es lon<span class=\"_ _0\"></span>gev<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y ins<span class=\"_ _0\"></span>uran<span class=\"_ _0\"></span>ce pro<span class=\"_ _0\"></span>du<span class=\"_ _0\"></span>cts for co<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>ny pens<span class=\"_ _0\"></span>ion sc<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>mes<span class=\"_ _0\"></span>, und<span class=\"_ _0\"></span>er whi<span class=\"_ _0\"></span>ch reg<span class=\"_ _0\"></span>ular pay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts are mad<span class=\"_ _0\"></span>e to <span class=\"_ _1\"></span>the sc<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>me </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs573\">refl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ting th<span class=\"_ _0\"></span>eir ac<span class=\"_ _0\"></span>tual lo<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>evi<span class=\"_ _0\"></span>ty ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e, whil<span class=\"_ _0\"></span>e the sch<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>e makes an agre<span class=\"_ _0\"></span>ed se<span class=\"_ _0\"></span>t of regular pay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts in retur<span class=\"_ _0\"></span>n. S<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e pol<span class=\"_ _0\"></span>icie<span class=\"_ _0\"></span>s con<span class=\"_ _0\"></span>tain a </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs574\">guar<span class=\"_ _0\"></span>antee<span class=\"_ _0\"></span>d sur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>der val<span class=\"_ _0\"></span>ue whic<span class=\"_ _0\"></span>h is cur<span class=\"_ _0\"></span>rentl<span class=\"_ _0\"></span>y imma<span class=\"_ _0\"></span>terial<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h21 ff1 fs10 fc2 sc0 ls9c wsa0 gs575\">Ass<span class=\"_ _0\"></span>et Ma<span class=\"_ _0\"></span>nagement<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs576\">Ass<span class=\"_ _0\"></span>et Man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt is a newly cre<span class=\"_ _0\"></span>ated divis<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>, form<span class=\"_ _0\"></span>ed fro<span class=\"_ _0\"></span>m the co<span class=\"_ _0\"></span>mbi<span class=\"_ _0\"></span>natio<span class=\"_ _0\"></span>n of LGIM (Lega<span class=\"_ _0\"></span>l &amp; Gene<span class=\"_ _0\"></span>ral Inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt Man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt) and LGC </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs577\">(Le<span class=\"_ _0\"></span>gal<span class=\"_ gsec\"> </span>&amp; Ge<span class=\"_ _0\"></span>ner<span class=\"_ _0\"></span>al Cap<span class=\"_ _0\"></span>ital<span class=\"_ _0\"></span>). </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs578\">Ass<span class=\"_ _0\"></span>et Man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt offe<span class=\"_ _0\"></span>rs both ac<span class=\"_ _0\"></span>tive and pa<span class=\"_ _0\"></span>ssive ma<span class=\"_ _0\"></span>nage<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt on ei<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r a pool<span class=\"_ _0\"></span>ed or se<span class=\"_ _0\"></span>gre<span class=\"_ _0\"></span>gated bas<span class=\"_ _0\"></span>is to clients do<span class=\"_ _0\"></span>mic<span class=\"_ _0\"></span>ile<span class=\"_ _0\"></span>d glob<span class=\"_ _0\"></span>ally. Asse<span class=\"_ _0\"></span>ts<span class=\"_ gsec\"> </span>are </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs579\">mana<span class=\"_ _0\"></span>ged o<span class=\"_ _0\"></span>n beh<span class=\"_ _0\"></span>alf of pensi<span class=\"_ _0\"></span>on fun<span class=\"_ _0\"></span>ds<span class=\"_ _0\"></span>, insti<span class=\"_ _0\"></span>tut<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>al clie<span class=\"_ _0\"></span>nts, sove<span class=\"_ _0\"></span>reig<span class=\"_ _0\"></span>n wealth cl<span class=\"_ _0\"></span>ien<span class=\"_ _0\"></span>ts, ret<span class=\"_ _0\"></span>ail clie<span class=\"_ _0\"></span>nts and su<span class=\"_ _0\"></span>bsidi<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>anie<span class=\"_ _0\"></span>s within<span class=\"_ gsec\"> </span>t<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs57a\">Th<span class=\"_ _0\"></span>e key produc<span class=\"_ _0\"></span>ts provi<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d by Asset M<span class=\"_ _0\"></span>anag<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent are uni<span class=\"_ _0\"></span>t linked in<span class=\"_ _0\"></span>sti<span class=\"_ _0\"></span>tuti<span class=\"_ _0\"></span>onal p<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>, seg<span class=\"_ _0\"></span>reg<span class=\"_ _0\"></span>ated invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t manag<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent ma<span class=\"_ _0\"></span>ndates<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs57b\">and<span class=\"_ gsec\"> </span>c<span class=\"_ _0\"></span>olle<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tive invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt sch<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>es.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs57c\">Th<span class=\"_ _0\"></span>e core st<span class=\"_ _0\"></span>rategi<span class=\"_ _0\"></span>es appl<span class=\"_ _0\"></span>ied for ma<span class=\"_ _0\"></span>nagin<span class=\"_ _0\"></span>g the pro<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>ts are set ou<span class=\"_ _0\"></span>t overl<span class=\"_ _0\"></span>eaf.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h15 ff1 fs5 fc2 sc0 ls18 ws0 gs57e\">P<span class=\"_ _0\"></span>ubl<span class=\"_ _0\"></span>ic Ma<span class=\"_ _0\"></span>rke<span class=\"_ _0\"></span>ts s<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>eg<span class=\"_ _0\"></span>ies<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h58 ff9 fs5 fc2 sc0 ls10 ws1b gs57f\">Index fund management<span class=\"_ _3b2\"> </span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs580\">Ass<span class=\"_ _0\"></span>et Man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt provid<span class=\"_ _0\"></span>es a diver<span class=\"_ _0\"></span>sif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d rang<span class=\"_ _0\"></span>e of pool<span class=\"_ _0\"></span>ed in<span class=\"_ _0\"></span>dex fun<span class=\"_ _0\"></span>ds<span class=\"_ _0\"></span>, providi<span class=\"_ _0\"></span>ng a wide ch<span class=\"_ _0\"></span>oic<span class=\"_ _0\"></span>e and the ab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y to purs<span class=\"_ _0\"></span>ue spe<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>c ben<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>mar<span class=\"_ _0\"></span>ks </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs581\">ef<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>cie<span class=\"_ _0\"></span>ntly. In additi<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>, segre<span class=\"_ _0\"></span>gate<span class=\"_ _0\"></span>d solu<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s are offere<span class=\"_ _0\"></span>d to institu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal cli<span class=\"_ _0\"></span>ents p<span class=\"_ _0\"></span>rovidi<span class=\"_ _0\"></span>ng larg<span class=\"_ _0\"></span>e scal<span class=\"_ _0\"></span>e custom<span class=\"_ _0\"></span>isati<span class=\"_ _0\"></span>on agai<span class=\"_ _0\"></span>nst es<span class=\"_ _0\"></span>tabli<span class=\"_ _0\"></span>she<span class=\"_ _0\"></span>d mar<span class=\"_ _0\"></span>ket </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs582\">cap<span class=\"_ _0\"></span>ital<span class=\"_ _0\"></span>isatio<span class=\"_ _0\"></span>n weighte<span class=\"_ _0\"></span>d and alter<span class=\"_ _0\"></span>nati<span class=\"_ _0\"></span>ve indic<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs583\">Th<span class=\"_ _0\"></span>e As<span class=\"_ _0\"></span>set M<span class=\"_ _0\"></span>anag<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent E<span class=\"_ _0\"></span>xc<span class=\"_ _0\"></span>han<span class=\"_ _0\"></span>ge T<span class=\"_ _1\"></span>raded Fu<span class=\"_ _0\"></span>nd (E<span class=\"_ _3\"></span>TF<span class=\"_ _0\"></span>) b<span class=\"_ _0\"></span>usin<span class=\"_ _0\"></span>ess p<span class=\"_ _0\"></span>rovid<span class=\"_ _0\"></span>es cli<span class=\"_ _0\"></span>ents a<span class=\"_ _0\"></span>cc<span class=\"_ _0\"></span>ess to A<span class=\"_ _0\"></span>sset M<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t\u2019s ind<span class=\"_ _0\"></span>ex fu<span class=\"_ _0\"></span>nd ma<span class=\"_ _0\"></span>nage<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs584\">cap<span class=\"_ _0\"></span>abili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s via our E<span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>F plat<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>m. E<span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>F pro<span class=\"_ _0\"></span>du<span class=\"_ _0\"></span>cts cove<span class=\"_ _0\"></span>r a broad ran<span class=\"_ _0\"></span>ge of tradi<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>al and the<span class=\"_ _0\"></span>mati<span class=\"_ _0\"></span>c asset cl<span class=\"_ _0\"></span>asse<span class=\"_ _0\"></span>s.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h58 ff9 fs5 fc2 sc0 ls87 ws4a gs585\">Active<span class=\"_ _1\"></span> strategies<span class=\"_ _3b2\"> </span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs586\">Ass<span class=\"_ _0\"></span>et Man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt offe<span class=\"_ _0\"></span>rs a rang<span class=\"_ _0\"></span>e of pool<span class=\"_ _0\"></span>ed and se<span class=\"_ _0\"></span>gre<span class=\"_ _0\"></span>gated ac<span class=\"_ _0\"></span>tive f<span class=\"_ _0\"></span>ixed in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me fun<span class=\"_ _0\"></span>ds. T<span class=\"_ _0\"></span>he As<span class=\"_ _0\"></span>set Ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt liqu<span class=\"_ _0\"></span>idit<span class=\"_ _0\"></span>y fu<span class=\"_ _0\"></span>nds of<span class=\"_ _0\"></span>fer ins<span class=\"_ _0\"></span>titu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs587\">investor<span class=\"_ _0\"></span>s a solu<span class=\"_ _0\"></span>tion for th<span class=\"_ _0\"></span>eir ca<span class=\"_ _0\"></span>sh mana<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t requi<span class=\"_ _0\"></span>rem<span class=\"_ _0\"></span>ents ac<span class=\"_ _0\"></span>ross a ran<span class=\"_ _0\"></span>ge of core cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>es. T<span class=\"_ _0\"></span>he liq<span class=\"_ _0\"></span>uidi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y funds ai<span class=\"_ _0\"></span>m to deliver co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>eti<span class=\"_ _0\"></span>tive </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs588\">retur<span class=\"_ _0\"></span>ns wit<span class=\"_ _0\"></span>h a high level of diver<span class=\"_ _0\"></span>sif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n, whil<span class=\"_ _0\"></span>st focu<span class=\"_ _0\"></span>sing on c<span class=\"_ _0\"></span>api<span class=\"_ _0\"></span>tal pres<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ation th<span class=\"_ _0\"></span>roug<span class=\"_ _0\"></span>h por<span class=\"_ _3\"></span>tfol<span class=\"_ _0\"></span>ios of high qual<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y, liquid asse<span class=\"_ _0\"></span>ts.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs589\">Acti<span class=\"_ _0\"></span>ve str<span class=\"_ _0\"></span>ategie<span class=\"_ _0\"></span>s also in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>de an a<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ve equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt bu<span class=\"_ _0\"></span>sine<span class=\"_ _0\"></span>ss co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>risi<span class=\"_ _0\"></span>ng foc<span class=\"_ _0\"></span>use<span class=\"_ _0\"></span>d teams ma<span class=\"_ _0\"></span>nagi<span class=\"_ _0\"></span>ng sto<span class=\"_ _0\"></span>ck se<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on ac<span class=\"_ _0\"></span>ross<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls91 ws57 gs58a\">different<span class=\"_ gsec\"> </span>regions<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h58 ff9 fs5 fc2 sc0 ls18 ws0 gs58b\">So<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d Li<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y D<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>n Inve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t (L<span class=\"_ _0\"></span>DI<span class=\"_ _0\"></span>)<span class=\"_ _3b2\"> </span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs58c\">Ass<span class=\"_ _0\"></span>et Man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt provid<span class=\"_ _0\"></span>es a rang<span class=\"_ _0\"></span>e of pool<span class=\"_ _0\"></span>ed an<span class=\"_ _0\"></span>d besp<span class=\"_ _0\"></span>oke sol<span class=\"_ _0\"></span>uti<span class=\"_ _0\"></span>ons to help de<span class=\"_ _3\"></span>-<span class=\"_ _0\"></span>risk def<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ned b<span class=\"_ _0\"></span>enef<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t pen<span class=\"_ _0\"></span>sion sc<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>mes<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>ese so<span class=\"_ _0\"></span>luti<span class=\"_ _0\"></span>ons will<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs58d\">usua<span class=\"_ _0\"></span>lly co<span class=\"_ _0\"></span>mbi<span class=\"_ _0\"></span>ne acti<span class=\"_ _0\"></span>ve or pass<span class=\"_ _0\"></span>ive und<span class=\"_ _0\"></span>erl<span class=\"_ _0\"></span>yi<span class=\"_ _0\"></span>ng por<span class=\"_ _3\"></span>tfol<span class=\"_ _0\"></span>ios wit<span class=\"_ _0\"></span>h der<span class=\"_ _0\"></span>ivati<span class=\"_ _0\"></span>ve overlays de<span class=\"_ _0\"></span>sign<span class=\"_ _0\"></span>ed to mee<span class=\"_ _0\"></span>t clien<span class=\"_ _0\"></span>ts\u2019 spe<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>c requi<span class=\"_ _0\"></span>rem<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span>. An all<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs58e\">stra<span class=\"_ _0\"></span>tegy se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce is also of<span class=\"_ _0\"></span>fered to insti<span class=\"_ _0\"></span>tuti<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>l clie<span class=\"_ _0\"></span>nts, wh<span class=\"_ _0\"></span>ich may also all<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>ate some of the po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>foli<span class=\"_ _0\"></span>o to <span class=\"_ _1\"></span>man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>rs othe<span class=\"_ _0\"></span>r than As<span class=\"_ _0\"></span>set Ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h58 ff9 fs5 fc2 sc0 ls11 ws7e gs58f\">Multi-asset funds<span class=\"_ _3b2\"> </span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs590\">Mul<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>asse<span class=\"_ _0\"></span>t fund<span class=\"_ _0\"></span>s for retail and in<span class=\"_ _0\"></span>stit<span class=\"_ _0\"></span>uti<span class=\"_ _0\"></span>onal cl<span class=\"_ _0\"></span>ient<span class=\"_ _0\"></span>s, bui<span class=\"_ _0\"></span>lt usin<span class=\"_ _0\"></span>g Ass<span class=\"_ _0\"></span>et Man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>\u2019s exper<span class=\"_ _3\"></span>tise in asse<span class=\"_ _0\"></span>t alloc<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n whic<span class=\"_ _0\"></span>h is informe<span class=\"_ _0\"></span>d by an<span class=\"_ gsec\"> </span>in<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>use<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs591\">resea<span class=\"_ _0\"></span>rch c<span class=\"_ _0\"></span>apab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y. The und<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>lyi<span class=\"_ _0\"></span>ng asse<span class=\"_ _0\"></span>t class<span class=\"_ _0\"></span>es may be man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>d on an acti<span class=\"_ _0\"></span>ve or passi<span class=\"_ _0\"></span>ve basis with<span class=\"_ _0\"></span>in Ass<span class=\"_ _0\"></span>et Man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h15 ff1 fs5 fc2 sc0 ls18 ws0 gs592\">Pr<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ate M<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>rket<span class=\"_ _0\"></span>s st<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>gie<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs593\">Pri<span class=\"_ _0\"></span>vate Markets of<span class=\"_ _0\"></span>fers a ran<span class=\"_ _0\"></span>ge of poo<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>d fund<span class=\"_ _0\"></span>s, se<span class=\"_ _0\"></span>gre<span class=\"_ _0\"></span>gated ac<span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>nts and jo<span class=\"_ _0\"></span>int ventu<span class=\"_ _0\"></span>res invest<span class=\"_ _0\"></span>ing on be<span class=\"_ _0\"></span>hal<span class=\"_ _0\"></span>f of UK and overse<span class=\"_ _0\"></span>as investor<span class=\"_ _0\"></span>s acro<span class=\"_ _0\"></span>ss </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 lsd ws7f gs594\">physi<span class=\"_ _0\"></span>cal real estate, pr<span class=\"_ _0\"></span>ivate cor<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>rate debt, infr<span class=\"_ _0\"></span>astr<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>ture deb<span class=\"_ _0\"></span>t and real estate loans. Th<span class=\"_ _0\"></span>e busin<span class=\"_ _0\"></span>ess has spe<span class=\"_ _0\"></span>cial<span class=\"_ _0\"></span>ist teams of fund and<span class=\"_ gsec\"> </span>asse<span class=\"_ _0\"></span>t manage<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs595\">and an in<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>ous<span class=\"_ _0\"></span>e resear<span class=\"_ _0\"></span>ch team<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 lsd ws7f gs596\">Dire<span class=\"_ _0\"></span>ct invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts are typ<span class=\"_ _0\"></span>ica<span class=\"_ _0\"></span>lly illiqu<span class=\"_ _0\"></span>id investm<span class=\"_ _0\"></span>ents enter<span class=\"_ _0\"></span>ed into throug<span class=\"_ _0\"></span>h acquisi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n, join<span class=\"_ _0\"></span>t venture with str<span class=\"_ _0\"></span>ategic par<span class=\"_ _3\"></span>tner<span class=\"_ _0\"></span>s or by <span class=\"_ _1\"></span>the creati<span class=\"_ _0\"></span>on of<span class=\"_ gsec\"> </span>new<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 lsd ws7f gs597\">co<span class=\"_ _0\"></span>mpan<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>. Asse<span class=\"_ _0\"></span>t Manage<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt see<span class=\"_ _0\"></span>ks to <span class=\"_ _1\"></span>make direc<span class=\"_ _0\"></span>t investm<span class=\"_ _0\"></span>ents in sec<span class=\"_ _0\"></span>tors whe<span class=\"_ _0\"></span>re there are stru<span class=\"_ _0\"></span>ctu<span class=\"_ _0\"></span>ral fund<span class=\"_ _0\"></span>ing sho<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>falls<span class=\"_ _0\"></span>, and is organise<span class=\"_ _0\"></span>d into f<span class=\"_ _1\"></span>our<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 lsd ws7f gs598\">sec<span class=\"_ _0\"></span>tors: sp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ialis<span class=\"_ _0\"></span>t comm<span class=\"_ _0\"></span>erc<span class=\"_ _0\"></span>ial real estate, cle<span class=\"_ _0\"></span>an ene<span class=\"_ _0\"></span>rgy, housing and alte<span class=\"_ _0\"></span>rnati<span class=\"_ _0\"></span>ve fina<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e. We <span class=\"_ _1\"></span>de<span class=\"_ _0\"></span>ploy cap<span class=\"_ _0\"></span>ital and se<span class=\"_ _0\"></span>ctor exp<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ise to <span class=\"_ _1\"></span>suc<span class=\"_ _0\"></span>h investme<span class=\"_ _0\"></span>nts<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 lsd ws7f gs599\">to <span class=\"_ _1\"></span>targ<span class=\"_ _0\"></span>et att<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>tive risk-<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>djus<span class=\"_ _0\"></span>ted return<span class=\"_ _0\"></span>s which can de<span class=\"_ _0\"></span>liver high<span class=\"_ _0\"></span>er retur<span class=\"_ _0\"></span>ns and<span class=\"_ _0\"></span>/or <span class=\"_ _1\"></span>lower volati<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y for our share<span class=\"_ _0\"></span>hol<span class=\"_ _0\"></span>der ca<span class=\"_ _0\"></span>pit<span class=\"_ _0\"></span>al than listed equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h21 ff1 fs10 fc2 sc0 ls9c wsd7 gs59a\">Reta<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs59b\">Th<span class=\"_ _0\"></span>e Retail div<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>n com<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>ises Ins<span class=\"_ _0\"></span>uran<span class=\"_ _0\"></span>ce an<span class=\"_ _0\"></span>d Retail Reti<span class=\"_ _0\"></span>rem<span class=\"_ _0\"></span>ent bu<span class=\"_ _0\"></span>sine<span class=\"_ _0\"></span>sses<span class=\"_ _0\"></span>. </div><div class=\"t m0 h15 ff1 fs5 fc2 sc0 ls18 ws0 gs59c\">U<span class=\"_ _0\"></span>K prot<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion busi<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>ss (<span class=\"_ _0\"></span>Re<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>l a<span class=\"_ _0\"></span>nd Gr<span class=\"_ _0\"></span>oup)<span class=\"_ _3b2\"> </span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs59d\">Th<span class=\"_ _0\"></span>e Group of<span class=\"_ _0\"></span>fer<span class=\"_ _0\"></span>s protecti<span class=\"_ _0\"></span>on pro<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>ts whic<span class=\"_ _0\"></span>h provi<span class=\"_ _0\"></span>de mor<span class=\"_ _3\"></span>tali<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y or mor<span class=\"_ _0\"></span>bidi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y ben<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>its<span class=\"_ _0\"></span>. The<span class=\"_ _0\"></span>y may inclu<span class=\"_ _0\"></span>de he<span class=\"_ _0\"></span>alth<span class=\"_ _0\"></span>, disa<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, <span class=\"_ _1\"></span>cri<span class=\"_ _0\"></span>tic<span class=\"_ _0\"></span>al illne<span class=\"_ _0\"></span>ss and<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs59e\">acc<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>nt be<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>its; th<span class=\"_ _0\"></span>ese ad<span class=\"_ _0\"></span>diti<span class=\"_ _0\"></span>onal b<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ts are co<span class=\"_ _0\"></span>mmo<span class=\"_ _0\"></span>nly pr<span class=\"_ _0\"></span>ovide<span class=\"_ _0\"></span>d as supp<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts to main life polici<span class=\"_ _0\"></span>es bu<span class=\"_ _0\"></span>t can also b<span class=\"_ _0\"></span>e sold se<span class=\"_ _0\"></span>parate<span class=\"_ _0\"></span>ly. </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs59f\">Th<span class=\"_ _0\"></span>e<span class=\"_ gsec\"> </span>be<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>it am<span class=\"_ _0\"></span>ount<span class=\"_ _0\"></span>s would usu<span class=\"_ _0\"></span>ally be s<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d in the pol<span class=\"_ _0\"></span>icy ter<span class=\"_ _0\"></span>ms. S<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e sick<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>ss be<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>its c<span class=\"_ _0\"></span>over the po<span class=\"_ _0\"></span>lic<span class=\"_ _0\"></span>yho<span class=\"_ _0\"></span>lde<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>\u2019s mor<span class=\"_ _3\"></span>tgage rep<span class=\"_ _0\"></span>ayme<span class=\"_ _0\"></span>nts </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs5a0\">and<span class=\"_ gsec\"> </span>are lin<span class=\"_ _0\"></span>ked to the prevaili<span class=\"_ _0\"></span>ng mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tgag<span class=\"_ _0\"></span>e interes<span class=\"_ _0\"></span>t rates. In addi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n to these ben<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>its<span class=\"_ _0\"></span>, som<span class=\"_ _0\"></span>e con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts may guar<span class=\"_ _0\"></span>antee p<span class=\"_ _0\"></span>remiu<span class=\"_ _0\"></span>m rates, pr<span class=\"_ _0\"></span>ovide<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs5a1\">guar<span class=\"_ _0\"></span>antee<span class=\"_ _0\"></span>d insu<span class=\"_ _0\"></span>rab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y be<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>s and offe<span class=\"_ _0\"></span>r poli<span class=\"_ _0\"></span>cyh<span class=\"_ _0\"></span>old<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s conve<span class=\"_ _0\"></span>rsio<span class=\"_ _0\"></span>n opti<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>. </div><div class=\"t m0 h15 ff1 fs5 fc2 sc0 ls18 ws0 gs5a2\">US prot<span class=\"_ _0\"></span>ect<span class=\"_ _0\"></span>ion bu<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>ss<span class=\"_ _3b2\"> </span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs5a3\">US prote<span class=\"_ _0\"></span>ctio<span class=\"_ _0\"></span>n repre<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>ts indi<span class=\"_ _0\"></span>vidu<span class=\"_ _0\"></span>al term ass<span class=\"_ _0\"></span>uran<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>, whic<span class=\"_ _0\"></span>h provid<span class=\"_ _0\"></span>es deat<span class=\"_ _0\"></span>h ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>ts over the m<span class=\"_ _0\"></span>ediu<span class=\"_ _0\"></span>m to long<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>term<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>ts have level </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs5a4\">prem<span class=\"_ _0\"></span>iums for an ini<span class=\"_ _0\"></span>tial pe<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>od wit<span class=\"_ _0\"></span>h premi<span class=\"_ _0\"></span>ums set an<span class=\"_ _0\"></span>nual<span class=\"_ _0\"></span>ly the<span class=\"_ _0\"></span>reaf<span class=\"_ _0\"></span>ter. <span class=\"_ _1\"></span>Du<span class=\"_ _0\"></span>rin<span class=\"_ _0\"></span>g the init<span class=\"_ _0\"></span>ial pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d, th<span class=\"_ _0\"></span>ere is gen<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ally an opti<span class=\"_ _0\"></span>on to conver<span class=\"_ _3\"></span>t the co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>ct </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs5a5\">to<span class=\"_ gsec\"> </span>a univer<span class=\"_ _0\"></span>sal life con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>t. Af<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r the init<span class=\"_ _0\"></span>ial per<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d, the p<span class=\"_ _0\"></span>remiu<span class=\"_ _0\"></span>m rates are not gua<span class=\"_ _0\"></span>rante<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>, but ca<span class=\"_ _0\"></span>nnot exc<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>d the age<span class=\"_ _3\"></span>-<span class=\"_ _0\"></span>related gu<span class=\"_ _0\"></span>ara<span class=\"_ _0\"></span>ntee<span class=\"_ _0\"></span>d premi<span class=\"_ _0\"></span>um.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h15 ff1 fs5 fc2 sc0 ls18 ws0 gs5a6\">US u<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>iver<span class=\"_ _0\"></span>sa<span class=\"_ _0\"></span>l l<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>fe<span class=\"_ _3b2\"> </span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs5a7\">Uni<span class=\"_ _0\"></span>vers<span class=\"_ _0\"></span>al life cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>ts wri<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ten by Legal &amp; Gen<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Am<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>ca (LG<span class=\"_ _0\"></span>A) provid<span class=\"_ _0\"></span>e savin<span class=\"_ _0\"></span>gs and de<span class=\"_ _0\"></span>ath ben<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>its over th<span class=\"_ _0\"></span>e medi<span class=\"_ _0\"></span>um to long<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>term<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e<span class=\"_ gsec\"> </span>savi<span class=\"_ _0\"></span>ngs </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 lsd ws7f gs5a8\">ele<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt has a <span class=\"_ _1\"></span>guar<span class=\"_ _0\"></span>antee<span class=\"_ _0\"></span>d minim<span class=\"_ _0\"></span>um grow<span class=\"_ _0\"></span>th rate. LGA has exposu<span class=\"_ _0\"></span>re to <span class=\"_ _1\"></span>loss in the event that interest rates de<span class=\"_ _0\"></span>creas<span class=\"_ _0\"></span>e and it is<span class=\"_ gsec\"> </span>unabl<span class=\"_ _0\"></span>e to <span class=\"_ _1\"></span>earn eno<span class=\"_ _0\"></span>ug<span class=\"_ _0\"></span>h </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs5a9\">on<span class=\"_ gsec\"> </span>th<span class=\"_ _0\"></span>e unde<span class=\"_ _0\"></span>rl<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g assets to cover th<span class=\"_ _0\"></span>e guar<span class=\"_ _0\"></span>antee<span class=\"_ _0\"></span>d rate. LGA is also exp<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>d to loss shou<span class=\"_ _0\"></span>ld interes<span class=\"_ _0\"></span>t rates inc<span class=\"_ _0\"></span>rease<span class=\"_ _0\"></span>, as<span class=\"_ gsec\"> </span>the un<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>ly<span class=\"_ _0\"></span>ing mar<span class=\"_ _0\"></span>ket valu<span class=\"_ _0\"></span>e </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs5aa\">of<span class=\"_ gsec\"> </span>asset<span class=\"_ _0\"></span>s will gen<span class=\"_ _0\"></span>eral<span class=\"_ _0\"></span>ly fall with<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>t a chang<span class=\"_ _0\"></span>e in the sur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>der val<span class=\"_ _0\"></span>ue.<span class=\"_ _0\"></span> </div><div class=\"t m0 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs5ab\">Reins<span class=\"_ _0\"></span>ura<span class=\"_ _0\"></span>nce i<span class=\"_ _0\"></span>s use<span class=\"_ _0\"></span>d with<span class=\"_ _0\"></span>in the p<span class=\"_ _0\"></span>rotect<span class=\"_ _0\"></span>ion b<span class=\"_ _0\"></span>usin<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>es to mana<span class=\"_ _0\"></span>ge exp<span class=\"_ _0\"></span>osu<span class=\"_ _0\"></span>re to large c<span class=\"_ _0\"></span>laim<span class=\"_ _0\"></span>s for ind<span class=\"_ _0\"></span>ivi<span class=\"_ _0\"></span>dual ter<span class=\"_ _0\"></span>m bu<span class=\"_ _0\"></span>sine<span class=\"_ _0\"></span>ss an<span class=\"_ _0\"></span>d vir<span class=\"_ _3\"></span>tually a<span class=\"_ _0\"></span>ll uni<span class=\"_ _0\"></span>vers<span class=\"_ _0\"></span>al </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs5ac\">life busin<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>. The<span class=\"_ _0\"></span>se pra<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ces le<span class=\"_ _0\"></span>ad to the estab<span class=\"_ _0\"></span>lish<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t of reinsur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e asset<span class=\"_ _0\"></span>s on the Gro<span class=\"_ _0\"></span>up\u2019s balanc<span class=\"_ _0\"></span>e she<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>. Wi<span class=\"_ _0\"></span>thin ou<span class=\"_ _0\"></span>r US busi<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>s, rei<span class=\"_ _0\"></span>nsur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs5ad\">and se<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>itis<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n are also use<span class=\"_ _0\"></span>d to provide reg<span class=\"_ _0\"></span>ulator<span class=\"_ _3\"></span>y solven<span class=\"_ _0\"></span>cy reli<span class=\"_ _0\"></span>ef (inc<span class=\"_ _0\"></span>ludi<span class=\"_ _0\"></span>ng relie<span class=\"_ _0\"></span>f from reg<span class=\"_ _0\"></span>ulati<span class=\"_ _0\"></span>on gover<span class=\"_ _0\"></span>nin<span class=\"_ _0\"></span>g term insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce).<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h15 ff1 fs5 fc2 sc0 ls4d ws89 gs5ae\">A<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs5af\">Imm<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>ate annuit<span class=\"_ _0\"></span>ies have simil<span class=\"_ _0\"></span>ar cha<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>teris<span class=\"_ _0\"></span>tic<span class=\"_ _0\"></span>s as produ<span class=\"_ _0\"></span>cts so<span class=\"_ _0\"></span>ld by Insti<span class=\"_ _0\"></span>tuti<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>l Retirem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t. Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p also offe<span class=\"_ _0\"></span>rs pro<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>ts for indi<span class=\"_ _0\"></span>vidu<span class=\"_ _0\"></span>als that<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs5b0\">provid<span class=\"_ _0\"></span>e a guara<span class=\"_ _0\"></span>ntee<span class=\"_ _0\"></span>d level of inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e over a chose<span class=\"_ _0\"></span>n fi<span class=\"_ _0\"></span>xed pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d of time, in exch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e for an initial lu<span class=\"_ _0\"></span>mp sum pay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt from th<span class=\"_ _0\"></span>e poli<span class=\"_ _0\"></span>cyh<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>der. The </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs5b1\">prod<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>ts can prov<span class=\"_ _0\"></span>ide a fi<span class=\"_ _0\"></span>xed lum<span class=\"_ _0\"></span>p sum at matur<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y and<span class=\"_ _0\"></span>/or options to sur<span class=\"_ _0\"></span>rend<span class=\"_ _0\"></span>er on no<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>uar<span class=\"_ _0\"></span>antee<span class=\"_ _0\"></span>d terms<span class=\"_ _0\"></span>. </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs405\">Defer<span class=\"_ _0\"></span>red an<span class=\"_ _0\"></span>nui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>ts wri<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ten by LGA conta<span class=\"_ _0\"></span>in a provisio<span class=\"_ _0\"></span>n that<span class=\"_ _0\"></span>, at maturi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, <span class=\"_ _1\"></span>a poli<span class=\"_ _0\"></span>cyh<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>der may move th<span class=\"_ _0\"></span>e acc<span class=\"_ _0\"></span>ount val<span class=\"_ _0\"></span>ue into an imm<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>ate </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs406\">annu<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y, at rates <span class=\"_ _1\"></span>whic<span class=\"_ _0\"></span>h are eit<span class=\"_ _0\"></span>her th<span class=\"_ _0\"></span>ose cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>ntly in ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t, or ra<span class=\"_ _0\"></span>tes guara<span class=\"_ _0\"></span>ntee<span class=\"_ _0\"></span>d in the con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>t.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h15 ff1 fs5 fc2 sc0 ls10f ws1be gs5b3\">Lif<span class=\"_ _1\"></span>etim<span class=\"_ _1\"></span>e C<span class=\"_ _1\"></span>are<span class=\"_ _1\"></span> P<span class=\"_ _1\"></span>lan<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs5b4\">Th<span class=\"_ _0\"></span>e Lifetim<span class=\"_ _0\"></span>e Care Pl<span class=\"_ _0\"></span>an provid<span class=\"_ _0\"></span>es a mon<span class=\"_ _0\"></span>thly pay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt to a <span class=\"_ _1\"></span>UK re<span class=\"_ _0\"></span>gistere<span class=\"_ _0\"></span>d care p<span class=\"_ _0\"></span>rovide<span class=\"_ _0\"></span>r that he<span class=\"_ _0\"></span>lps me<span class=\"_ _0\"></span>et the c<span class=\"_ _0\"></span>ost of care for the p<span class=\"_ _0\"></span>olic<span class=\"_ _0\"></span>yh<span class=\"_ _0\"></span>old<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>\u2019s life. </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs5b5\">A<span class=\"_ gsec\"> </span>poli<span class=\"_ _0\"></span>cy<span class=\"_ _0\"></span>hol<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r can ch<span class=\"_ _0\"></span>oos<span class=\"_ _0\"></span>e to recei<span class=\"_ _0\"></span>ve a fixed mo<span class=\"_ _0\"></span>nthl<span class=\"_ _0\"></span>y paym<span class=\"_ _0\"></span>ent or o<span class=\"_ _0\"></span>pt to have <span class=\"_ _1\"></span>esc<span class=\"_ _0\"></span>alati<span class=\"_ _0\"></span>on buil<span class=\"_ _0\"></span>t in. A deat<span class=\"_ _0\"></span>h ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>t exis<span class=\"_ _0\"></span>ts withi<span class=\"_ _0\"></span>n the prod<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>t so that </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs5b6\">if<span class=\"_ gsec\"> </span>a poli<span class=\"_ _0\"></span>cy<span class=\"_ _0\"></span>hol<span class=\"_ _0\"></span>der di<span class=\"_ _0\"></span>es with<span class=\"_ _0\"></span>in the f<span class=\"_ _0\"></span>irs<span class=\"_ _0\"></span>t 6 months of the st<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>t date a perc<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>tage of the or<span class=\"_ _0\"></span>igin<span class=\"_ _0\"></span>al prem<span class=\"_ _0\"></span>ium le<span class=\"_ _0\"></span>ss any paym<span class=\"_ _0\"></span>ents alre<span class=\"_ _0\"></span>ady ma<span class=\"_ _0\"></span>de is payabl<span class=\"_ _0\"></span>e </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs5b7\">to<span class=\"_ gsec\"> </span>the estate.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h15 ff1 fs5 fc2 sc0 ls18 ws0 gs5b8\">Li<span class=\"_ _0\"></span>fet<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>me mor<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ga<span class=\"_ _0\"></span>ges<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs5b9\">Lifeti<span class=\"_ _0\"></span>me m<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>tga<span class=\"_ _0\"></span>ges a<span class=\"_ _0\"></span>re a form of e<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y rele<span class=\"_ _0\"></span>ase m<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>tga<span class=\"_ _0\"></span>ge th<span class=\"_ _0\"></span>at provi<span class=\"_ _0\"></span>de no<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>rcial b<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>rower<span class=\"_ _0\"></span>s with a l<span class=\"_ _0\"></span>oan s<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ured a<span class=\"_ _0\"></span>gain<span class=\"_ _0\"></span>st th<span class=\"_ _0\"></span>eir ma<span class=\"_ _0\"></span>in </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs5ba\">resid<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>e, wi<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>ut th<span class=\"_ _0\"></span>e nee<span class=\"_ _0\"></span>d for regul<span class=\"_ _0\"></span>ar repay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts. T<span class=\"_ _0\"></span>hey are re<span class=\"_ _0\"></span>gulate<span class=\"_ _0\"></span>d retail mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tgag<span class=\"_ _0\"></span>es of<span class=\"_ _0\"></span>fered on<span class=\"_ _0\"></span>ly to bor<span class=\"_ _0\"></span>rowers over th<span class=\"_ _0\"></span>e age of 55 throu<span class=\"_ _0\"></span>gh </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs5bb\">spe<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>list inter<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>dia<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>s. Intere<span class=\"_ _0\"></span>st acc<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>es over the ter<span class=\"_ _0\"></span>m of the loan an<span class=\"_ _0\"></span>d is repayabl<span class=\"_ _0\"></span>e at the time th<span class=\"_ _0\"></span>e prin<span class=\"_ _0\"></span>cip<span class=\"_ _0\"></span>al be<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>mes du<span class=\"_ _0\"></span>e. Loan<span class=\"_ _0\"></span>s can be<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs5bc\">adva<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>d in a singl<span class=\"_ _0\"></span>e lump su<span class=\"_ _0\"></span>m amou<span class=\"_ _0\"></span>nt or in sever<span class=\"_ _0\"></span>al subs<span class=\"_ _0\"></span>equ<span class=\"_ _0\"></span>ent dr<span class=\"_ _0\"></span>awdowns of an agre<span class=\"_ _0\"></span>ed faci<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y. All lifetime m<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>tgages prov<span class=\"_ _0\"></span>ide a \u2018no ne<span class=\"_ _0\"></span>gative<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs5bd\">equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>\u2019 gua<span class=\"_ _0\"></span>rante<span class=\"_ _0\"></span>e, whi<span class=\"_ _0\"></span>ch mea<span class=\"_ _0\"></span>ns that if the lo<span class=\"_ _0\"></span>an is repai<span class=\"_ _0\"></span>d from the sa<span class=\"_ _0\"></span>le of the prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ty an<span class=\"_ _0\"></span>d if the net sal<span class=\"_ _0\"></span>e proc<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>eds are lowe<span class=\"_ _0\"></span>r than the bal<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e of </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs5be\">the lo<span class=\"_ _0\"></span>an, th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p will acc<span class=\"_ _0\"></span>ept the ne<span class=\"_ _0\"></span>t sale pro<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>ds as full set<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h15 ff1 fs5 fc2 sc0 lsac ws8 gs5bf\">Reti<span class=\"_ _0\"></span>rement Interest-On<span class=\"_ _0\"></span>ly mortgages<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs5c0\">A Retirem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t Interest-<span class=\"_ _3\"></span>On<span class=\"_ _0\"></span>ly (RI<span class=\"_ _0\"></span>O) mor<span class=\"_ _0\"></span>tgag<span class=\"_ _0\"></span>e is a standa<span class=\"_ _0\"></span>rd reside<span class=\"_ _0\"></span>ntia<span class=\"_ _0\"></span>l mor<span class=\"_ _3\"></span>tgage availab<span class=\"_ _0\"></span>le for non<span class=\"_ _3\"></span>-<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>mme<span class=\"_ _0\"></span>rci<span class=\"_ _0\"></span>al bor<span class=\"_ _0\"></span>rower<span class=\"_ _0\"></span>s above 55 year<span class=\"_ _0\"></span>s old<span class=\"_ _0\"></span>. <span class=\"ff3 ls1 ws0\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs5c1\">A<span class=\"_ gsec\"> </span>RIO mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tgag<span class=\"_ _0\"></span>e is ver<span class=\"_ _0\"></span>y simi<span class=\"_ _0\"></span>lar to a standa<span class=\"_ _0\"></span>rd interes<span class=\"_ _0\"></span>t-<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ly mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tgag<span class=\"_ _0\"></span>e, wit<span class=\"_ _0\"></span>h two key dif<span class=\"_ _0\"></span>feren<span class=\"_ _0\"></span>ces<span class=\"_ _0\"></span>: </div><div class=\"t m2 ha ff3 fs5 fc1 sc0 ls9 ws15 gs5c2\">\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">the lo<span class=\"_ _0\"></span>an is usuall<span class=\"_ _0\"></span>y onl<span class=\"_ _0\"></span>y paid off on d<span class=\"_ _0\"></span>eath<span class=\"_ _0\"></span>, move into long<span class=\"_ _3\"></span>-term c<span class=\"_ _0\"></span>are or sal<span class=\"_ _0\"></span>e of the house<span class=\"_ _0\"></span> </span></div><div class=\"t m2 ha ff3 fs5 fc1 sc0 ls58 ws8a gs5c3\">\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">the bo<span class=\"_ _0\"></span>rrowe<span class=\"_ _0\"></span>rs onl<span class=\"_ _0\"></span>y have to <span class=\"_ _1\"></span>prove they ca<span class=\"_ _0\"></span>n afford th<span class=\"_ _0\"></span>e mont<span class=\"_ _0\"></span>hly intere<span class=\"_ _0\"></span>st repay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts and not the c<span class=\"_ _0\"></span>api<span class=\"_ _0\"></span>tal rema<span class=\"_ _0\"></span>inin<span class=\"_ _0\"></span>g at the end of the mor<span class=\"_ _3\"></span>tgage term<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs5c4\">No rep<span class=\"_ _0\"></span>ayme<span class=\"_ _0\"></span>nt sol<span class=\"_ _0\"></span>uti<span class=\"_ _0\"></span>on is requi<span class=\"_ _0\"></span>red as rep<span class=\"_ _0\"></span>ayme<span class=\"_ _0\"></span>nt defau<span class=\"_ _0\"></span>lts to sale of prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h15 ff1 fs5 fc2 sc0 ls18 ws0 gs5c5\">W<span class=\"_ _1\"></span>orkpla<span class=\"_ _0\"></span>ce a<span class=\"_ _0\"></span>nd Re<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>l s<span class=\"_ _0\"></span>avi<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>gs<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs5c6\">Work<span class=\"_ _0\"></span>pla<span class=\"_ _0\"></span>ce savi<span class=\"_ _0\"></span>ngs prov<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>s cor<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>rate pens<span class=\"_ _0\"></span>ion sc<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>me sol<span class=\"_ _0\"></span>uti<span class=\"_ _0\"></span>ons to enab<span class=\"_ _0\"></span>le co<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>nies to mee<span class=\"_ _0\"></span>t thei<span class=\"_ _0\"></span>r auto<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nro<span class=\"_ _0\"></span>lme<span class=\"_ _0\"></span>nt obl<span class=\"_ _0\"></span>igati<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>. Work<span class=\"_ _0\"></span>pla<span class=\"_ _0\"></span>ce </div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs5c7\">savin<span class=\"_ _0\"></span>gs ac<span class=\"_ _0\"></span>ts as sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>e op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ator and a<span class=\"_ _0\"></span>dmin<span class=\"_ _0\"></span>istr<span class=\"_ _0\"></span>ator for the<span class=\"_ _0\"></span>se pro<span class=\"_ _0\"></span>du<span class=\"_ _0\"></span>cts wh<span class=\"_ _0\"></span>ile th<span class=\"_ _0\"></span>e cus<span class=\"_ _0\"></span>tome<span class=\"_ _0\"></span>rs ho<span class=\"_ _0\"></span>ld th<span class=\"_ _0\"></span>e ind<span class=\"_ _0\"></span>ivid<span class=\"_ _0\"></span>ual o<span class=\"_ _0\"></span>r sch<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>e leve<span class=\"_ _0\"></span>l pe<span class=\"_ _0\"></span>nsio<span class=\"_ _0\"></span>n po<span class=\"_ _0\"></span>lici<span class=\"_ _0\"></span>es </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs5c8\">issu<span class=\"_ _0\"></span>ed by Leg<span class=\"_ _0\"></span>al and Ge<span class=\"_ _0\"></span>ner<span class=\"_ _0\"></span>al Ass<span class=\"_ _0\"></span>ura<span class=\"_ _0\"></span>nce S<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>cie<span class=\"_ _0\"></span>ty L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted (LGA<span class=\"_ _0\"></span>S). Our Work<span class=\"_ _0\"></span>pl<span class=\"_ _0\"></span>ace pr<span class=\"_ _0\"></span>opo<span class=\"_ _0\"></span>siti<span class=\"_ _0\"></span>on is co<span class=\"_ _0\"></span>mpl<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ented by Retai<span class=\"_ _0\"></span>l saving<span class=\"_ _0\"></span>s which p<span class=\"_ _0\"></span>rovid<span class=\"_ _0\"></span>es </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 lsd ws7f gs5c9\">digi<span class=\"_ _0\"></span>tal saving<span class=\"_ _0\"></span>s produ<span class=\"_ _0\"></span>cts dire<span class=\"_ _0\"></span>ct to individ<span class=\"_ _0\"></span>uals in the form of a <span class=\"_ _1\"></span>Pers<span class=\"_ _0\"></span>onal Pe<span class=\"_ _0\"></span>nsio<span class=\"_ _0\"></span>n or a <span class=\"_ _1\"></span>S<span class=\"_ _0\"></span>tock<span class=\"_ _0\"></span>s and Shares IS<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he Pers<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>l Pensio<span class=\"_ _0\"></span>n allows indiv<span class=\"_ _0\"></span>idua<span class=\"_ _0\"></span>ls </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs5ca\">to<span class=\"_ gsec\"> </span>save for retirem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>, par<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>icul<span class=\"_ _0\"></span>arl<span class=\"_ _0\"></span>y thos<span class=\"_ _0\"></span>e witho<span class=\"_ _0\"></span>ut ac<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ss to a workpl<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>e sche<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>, like the self-<span class=\"_ _3\"></span>empl<span class=\"_ _0\"></span>oyed<span class=\"_ _0\"></span>. Co<span class=\"_ _0\"></span>ntri<span class=\"_ _0\"></span>bu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns incl<span class=\"_ _0\"></span>ude ba<span class=\"_ _0\"></span>sic rate tax reli<span class=\"_ _0\"></span>ef </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs5cb\">and are inves<span class=\"_ _0\"></span>ted in investm<span class=\"_ _0\"></span>ent f<span class=\"_ _0\"></span>unds<span class=\"_ _0\"></span>. On<span class=\"_ _0\"></span>ce the in<span class=\"_ _0\"></span>div<span class=\"_ _0\"></span>idua<span class=\"_ _0\"></span>l reach<span class=\"_ _0\"></span>es the no<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>al mini<span class=\"_ _0\"></span>mum pe<span class=\"_ _0\"></span>nsio<span class=\"_ _0\"></span>n age<span class=\"_ _0\"></span>, they ca<span class=\"_ _0\"></span>n acc<span class=\"_ _0\"></span>ess th<span class=\"_ _0\"></span>eir fun<span class=\"_ _0\"></span>ds fl<span class=\"_ _0\"></span>exib<span class=\"_ _0\"></span>ly. The </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs5cc\">S<span class=\"_ _0\"></span>toc<span class=\"_ _0\"></span>ks and Sh<span class=\"_ _0\"></span>ares IS<span class=\"_ _0\"></span>A of<span class=\"_ _0\"></span>fers in<span class=\"_ _0\"></span>divi<span class=\"_ _0\"></span>dual<span class=\"_ _0\"></span>s a tax eff<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>cie<span class=\"_ _0\"></span>nt prod<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>t to <span class=\"_ _1\"></span>save into investm<span class=\"_ _0\"></span>ent fu<span class=\"_ _0\"></span>nds<span class=\"_ _0\"></span>. </div>",
   "dimensions": {
    "concept": "legalandgeneral:DisclosureOfPrincipalProducts",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-592": {
   "value": "<div class=\"t m2 he ff1 fs8 fc2 sc0 ls1 ws0 gs5ce\">8<span class=\"_ _1\"></span><span class=\"ls26 ws93\">. <span class=\"_ _156\"> </span>As<span class=\"_ _0\"></span>set r<span class=\"_ _0\"></span>isk<span class=\"_ _3b2\"> </span></span></div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs5cf\">Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p is exp<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>d to the foll<span class=\"_ _0\"></span>owing c<span class=\"_ _0\"></span>ateg<span class=\"_ _0\"></span>ori<span class=\"_ _0\"></span>es of ass<span class=\"_ _0\"></span>et ris<span class=\"_ _0\"></span>k as a co<span class=\"_ _0\"></span>nse<span class=\"_ _0\"></span>que<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e of offe<span class=\"_ _0\"></span>rin<span class=\"_ _0\"></span>g the p<span class=\"_ _0\"></span>rin<span class=\"_ _0\"></span>cipa<span class=\"_ _0\"></span>l prod<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>ts ou<span class=\"_ _0\"></span>tlin<span class=\"_ _0\"></span>ed in N<span class=\"_ _0\"></span>ote 7 for the<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs5d0\">Grou<span class=\"_ _0\"></span>p\u2019s core seg<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts alo<span class=\"_ _0\"></span>ng with th<span class=\"_ _0\"></span>e por<span class=\"_ _3\"></span>tfoli<span class=\"_ _0\"></span>o of non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>str<span class=\"_ _0\"></span>ategic as<span class=\"_ _0\"></span>sets in th<span class=\"_ _0\"></span>e Cor<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>rate Investm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts unit<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h15 ff1 fs5 fc2 sc0 ls18 ws0 gs5d1\">Ma<span class=\"_ _0\"></span>rket r<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>sk<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs5d2\">E<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>osur<span class=\"_ _0\"></span>e to <span class=\"_ _1\"></span>los<span class=\"_ _0\"></span>s as a direct o<span class=\"_ _0\"></span>r indire<span class=\"_ _0\"></span>ct res<span class=\"_ _0\"></span>ult of flu<span class=\"_ _0\"></span>ctu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns in the valu<span class=\"_ _0\"></span>e of, <span class=\"_ _1\"></span>or inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e from<span class=\"_ _0\"></span>, sp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ifi<span class=\"_ _0\"></span>c asse<span class=\"_ _0\"></span>ts.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h15 ff1 fs5 fc2 sc0 ls43 wsc1 gs5d3\">Cr<span class=\"_ _1\"></span>edi<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span> ris<span class=\"_ _1\"></span>k<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs5d4\">E<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>osur<span class=\"_ _0\"></span>e to <span class=\"_ _1\"></span>los<span class=\"_ _0\"></span>s if anothe<span class=\"_ _0\"></span>r par<span class=\"_ _3\"></span>ty fails to per<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rm its f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al obli<span class=\"_ _0\"></span>gatio<span class=\"_ _0\"></span>ns to the Group o<span class=\"_ _0\"></span>r suf<span class=\"_ _0\"></span>fers a ratin<span class=\"_ _0\"></span>g downg<span class=\"_ _0\"></span>rad<span class=\"_ _0\"></span>e.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h15 ff1 fs5 fc2 sc0 ls1c wsab gs5d5\">Liq<span class=\"_ _0\"></span>uid<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y r<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>k<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs5d6\">Th<span class=\"_ _0\"></span>e risk that th<span class=\"_ _0\"></span>e Group, th<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>gh sol<span class=\"_ _0\"></span>vent<span class=\"_ _0\"></span>, eith<span class=\"_ _0\"></span>er do<span class=\"_ _0\"></span>es not have suf<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ient li<span class=\"_ _0\"></span>quid f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>l resou<span class=\"_ _0\"></span>rces avail<span class=\"_ _0\"></span>able to enab<span class=\"_ _0\"></span>le it to mee<span class=\"_ _0\"></span>t its obl<span class=\"_ _0\"></span>igati<span class=\"_ _0\"></span>ons as </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs5d7\">they fall du<span class=\"_ _0\"></span>e, or c<span class=\"_ _0\"></span>an sec<span class=\"_ _0\"></span>ure the<span class=\"_ _0\"></span>m onl<span class=\"_ _0\"></span>y at excessi<span class=\"_ _0\"></span>ve cost<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs5d8\">Th<span class=\"_ _0\"></span>e Group is also ex<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>ed to insur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e risk as a con<span class=\"_ _0\"></span>seq<span class=\"_ _0\"></span>uen<span class=\"_ _0\"></span>ce of offe<span class=\"_ _0\"></span>rin<span class=\"_ _0\"></span>g these p<span class=\"_ _0\"></span>rodu<span class=\"_ _0\"></span>cts \u2013 mo<span class=\"_ _0\"></span>re detai<span class=\"_ _0\"></span>l on insur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e risk c<span class=\"_ _0\"></span>an be foun<span class=\"_ _0\"></span>d in<span class=\"_ gsec\"> </span>Note<span class=\"_ gsec\"> </span>1<span class=\"_ _1\"></span>8.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs5d9\">Th<span class=\"_ _0\"></span>e Group is not dir<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tly exp<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>d to any market risk<span class=\"_ _0\"></span>, cre<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t risk or liq<span class=\"_ _0\"></span>uidi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y risk asso<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>ated with A<span class=\"_ _0\"></span>sset M<span class=\"_ _0\"></span>anag<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>\u2019s clien<span class=\"_ _0\"></span>t fund<span class=\"_ _0\"></span>s, an<span class=\"_ _0\"></span>d as a<span class=\"_ gsec\"> </span>result<span class=\"_ _0\"></span>, </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs5da\">the de<span class=\"_ _0\"></span>taile<span class=\"_ _0\"></span>d risk dis<span class=\"_ _0\"></span>clo<span class=\"_ _0\"></span>sure<span class=\"_ _0\"></span>s have not bee<span class=\"_ _0\"></span>n prese<span class=\"_ _0\"></span>nted<span class=\"_ _0\"></span>. However, Asset Ma<span class=\"_ _0\"></span>nage<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>\u2019s inco<span class=\"_ _0\"></span>me fro<span class=\"_ _0\"></span>m clie<span class=\"_ _0\"></span>nt fund<span class=\"_ _0\"></span>s is related to the value<span class=\"_ gsec\"> </span>of fun<span class=\"_ _0\"></span>ds </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs5db\">und<span class=\"_ _0\"></span>er man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt, an<span class=\"_ _0\"></span>d so they are ind<span class=\"_ _0\"></span>irec<span class=\"_ _0\"></span>tly ex<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>ed to market ris<span class=\"_ _0\"></span>ks that imp<span class=\"_ _0\"></span>act th<span class=\"_ _0\"></span>e value of asse<span class=\"_ _0\"></span>ts unde<span class=\"_ _0\"></span>rl<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g thos<span class=\"_ _0\"></span>e funds<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h9 ff3 fs5 fc1 sc0 ls7 ws0 gs5dd\">Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p se<span class=\"_ _0\"></span>eks to man<span class=\"_ _0\"></span>age i<span class=\"_ _0\"></span>ts exp<span class=\"_ _0\"></span>osu<span class=\"_ _0\"></span>res to risk t<span class=\"_ _0\"></span>hrou<span class=\"_ _0\"></span>gh c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ols whi<span class=\"_ _0\"></span>ch e<span class=\"_ _0\"></span>nsure t<span class=\"_ _0\"></span>hat th<span class=\"_ _0\"></span>e resid<span class=\"_ _0\"></span>ual ri<span class=\"_ _0\"></span>sk exp<span class=\"_ _0\"></span>osu<span class=\"_ _0\"></span>res are wi<span class=\"_ _0\"></span>thi<span class=\"_ _0\"></span>n acc<span class=\"_ _0\"></span>ept<span class=\"_ _0\"></span>able tol<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>es ag<span class=\"_ _0\"></span>ree<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs5de\">by the Boa<span class=\"_ _0\"></span>rd. A des<span class=\"_ _0\"></span>cri<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>n of the risks ass<span class=\"_ _0\"></span>oci<span class=\"_ _0\"></span>ated with th<span class=\"_ _0\"></span>e Group<span class=\"_ _0\"></span>\u2019s princi<span class=\"_ _0\"></span>pal pro<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>ts and th<span class=\"_ _0\"></span>e asso<span class=\"_ _0\"></span>ciated co<span class=\"_ _0\"></span>ntro<span class=\"_ _0\"></span>ls is detai<span class=\"_ _0\"></span>led in th<span class=\"_ _0\"></span>e table b<span class=\"_ _0\"></span>elow.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h21 ff1 fs10 fc2 sc0 ls9c wsa0 gs5df\">Ma<span class=\"_ _0\"></span>rket risks<span class=\"_ _3b2\"> </span></div><div class=\"gs5e0\"><table class=\"s w1ba h146\" id=\"_14316737-0ce0-4255-8771-77e11cfb5a59\"><tr><td class=\"c n x1cb y41fc w1bb h12b\"><div class=\"t m0 x1ca h13 y40ef ff5 fs9 fc1 sc0 ls115 ws121\">Principal risks<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5ec y41fc w1bc h12b\"><div class=\"t m0 x1ca h13 y40ef ff5 fs9 fc1 sc0 ls14a ws164\">Segment<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5ed y41fc w1bd h12b\"><div class=\"t m0 x1ca h13 y40ef ff5 fs9 fc1 sc0 ls115 ws121\">Controls to<span class=\"_ _1\"></span> mitigate risks<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 hb y41fd ff6 fs6 fc1 sc0 ls56 ws55\">Inve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e ris<span class=\"_ _0\"></span>k<span class=\"_ _3b2\"> </span></td><td></td><td></td></tr><tr><td class=\"t m0 x206 hc y41fe ff4 fs6 fc1 sc0 ls56 ws55\">Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p is expo<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d to <span class=\"_ _1\"></span>the ris<span class=\"_ _0\"></span>k that the in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me fro<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>, </td><td class=\"t m0 x5ee hc y41ff ff4 fs6 fc1 sc0 ls113 ws11f\">Asset <span class=\"_ _1\"></span>Management, </td><td class=\"t m0 x5ef h1a y4200 ff3 fs6 fc1 sc0 ls56 ws0\">Mo<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>ls are u<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d to ass<span class=\"_ _0\"></span>ess t<span class=\"_ _0\"></span>he i<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>ct of a r<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ge of fu<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>re ret<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>n sc<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ari<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span> </td></tr><tr><td class=\"t m0 x206 hc y4201 ff4 fs6 fc1 sc0 ls56 ws55\">and<span class=\"_ gs5e1\"> </span>v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e of, <span class=\"_ _1\"></span>ass<span class=\"_ _0\"></span>ets he<span class=\"_ _0\"></span>ld to back ins<span class=\"_ _0\"></span>ura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s and </td><td class=\"t m0 x5ee h1a y4202 ff3 fs6 fc1 sc0 ls112 ws1e\">Institu<span class=\"_ _0\"></span>tional Reti<span class=\"_ _0\"></span>remen<span class=\"_ _0\"></span>t </td><td class=\"t m0 x5ef hc y4203 ff4 fs6 fc1 sc0 ls56 ws55\">on<span class=\"_ gs5e1\"> </span>inv<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt valu<span class=\"_ _0\"></span>es an<span class=\"_ _0\"></span>d asso<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>ted liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s in orde<span class=\"_ _0\"></span>r to determ<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>e optim<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span> </td></tr><tr><td class=\"t m0 x206 h1a y4204 ff3 fs6 fc1 sc0 ls56 ws0\">cap<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>al re<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts d<span class=\"_ _0\"></span>o not p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rm i<span class=\"_ _0\"></span>n lin<span class=\"_ _0\"></span>e wi<span class=\"_ _0\"></span>th inv<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span> </td><td class=\"t m0 x5ee h1a y4205 ff3 fs6 fc1 sc0 ls56 ws0\">and R<span class=\"_ _0\"></span>eta<span class=\"_ _0\"></span>il<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x5ef hc y4206 ff4 fs6 fc1 sc0 ls56 ws55\">po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>foli<span class=\"_ _0\"></span>os of investe<span class=\"_ _0\"></span>d asse<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>. For ann<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>, whi<span class=\"_ _0\"></span>ch are sen<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>tive to intere<span class=\"_ _0\"></span>st rate<span class=\"_ _0\"></span> </td></tr><tr><td class=\"t m0 x206 h1a y4207 ff3 fs6 fc1 sc0 ls11e ws5c\">and product<span class=\"_ _1\"></span> pricing assump<span class=\"_ _1\"></span>tions lea<span class=\"_ _1\"></span>ding t<span class=\"_ _1\"></span>o a po<span class=\"_ _1\"></span>tenti<span class=\"_ _1\"></span>al </td><td></td><td class=\"t m0 x5ef hc y4208 ff4 fs6 fc1 sc0 ls56 ws55\">and inf<span class=\"_ _0\"></span>lat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n risk<span class=\"_ _0\"></span>, ana<span class=\"_ _0\"></span>lys<span class=\"_ _0\"></span>is of the liabi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>ies is und<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>take<span class=\"_ _0\"></span>n to <span class=\"_ _1\"></span>cre<span class=\"_ _0\"></span>ate a por<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>foli<span class=\"_ _0\"></span>o </td></tr><tr><td class=\"t m0 x206 hc y4209 ff4 fs6 fc1 sc0 ls56 ws55\">fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>al los<span class=\"_ _0\"></span>s.<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m0 x5ef hc y420a ff4 fs6 fc1 sc0 ls56 ws55\">of<span class=\"_ gs5e1\"> </span>se<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s, the val<span class=\"_ _0\"></span>ue of whic<span class=\"_ _0\"></span>h chan<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>s in line wit<span class=\"_ _0\"></span>h the valu<span class=\"_ _0\"></span>e of liabili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span> </td></tr><tr><td></td><td></td><td class=\"t m0 x5ef hc y420b ff4 fs6 fc1 sc0 ls56 ws55\">whe<span class=\"_ _0\"></span>n<span class=\"_ gs5e1\"> </span>in<span class=\"_ _0\"></span>teres<span class=\"_ _0\"></span>t rates ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e.<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 hc y420c ff4 fs6 fc1 sc0 ls56 ws55\">For un<span class=\"_ _0\"></span>it lin<span class=\"_ _0\"></span>ked co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>ts, th<span class=\"_ _0\"></span>ere is a risk of volati<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y in ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span> </td><td class=\"t m0 x5ee h1a y420d ff3 fs6 fc1 sc0 ls113 ws5b\">Asset Man<span class=\"_ _1\"></span>agement </td><td class=\"t m0 x5ef h1a y420d ff3 fs6 fc1 sc0 ls56 ws0\">Th<span class=\"_ _0\"></span>e ris<span class=\"_ _0\"></span>k is ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d thro<span class=\"_ _0\"></span>ug<span class=\"_ _0\"></span>h mai<span class=\"_ _0\"></span>nta<span class=\"_ _0\"></span>ini<span class=\"_ _0\"></span>ng a d<span class=\"_ _0\"></span>ive<span class=\"_ _0\"></span>rsi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ed r<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ge of f<span class=\"_ _0\"></span>und<span class=\"_ _0\"></span>s in<span class=\"_ _0\"></span> </td></tr><tr><td class=\"t m0 x206 h1a y420e ff3 fs6 fc1 sc0 ls56 ws0\">man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ent fe<span class=\"_ _0\"></span>e in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me d<span class=\"_ _0\"></span>ue to t<span class=\"_ _0\"></span>he im<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>ct of in<span class=\"_ _0\"></span>tere<span class=\"_ _0\"></span>st r<span class=\"_ _0\"></span>ate </td><td class=\"t m0 x5ee hc y420f ff4 fs6 fc1 sc0 ls56 ws55\">and<span class=\"_ gs5e1\"> </span>R<span class=\"_ _0\"></span>eta<span class=\"_ _0\"></span>il<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x5ef hc y420f ff4 fs6 fc1 sc0 ls56 ws55\">whi<span class=\"_ _0\"></span>ch<span class=\"_ gs5e1\"> </span>c<span class=\"_ _0\"></span>usto<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>rs may inve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>. The pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e of linked inve<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt fun<span class=\"_ _0\"></span>ds </td></tr><tr><td class=\"t m0 x206 h1a y4210 ff3 fs6 fc1 sc0 ls56 ws0\">and m<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ket pr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e mov<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s on t<span class=\"_ _0\"></span>he fai<span class=\"_ _0\"></span>r val<span class=\"_ _0\"></span>ue of th<span class=\"_ _0\"></span>e as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s </td><td></td><td class=\"t m0 x5ef hc y4211 ff4 fs6 fc1 sc0 ls56 ws55\">rel<span class=\"_ _0\"></span>ativ<span class=\"_ _0\"></span>e to <span class=\"_ _1\"></span>the<span class=\"_ _0\"></span>ir inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t obje<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ive<span class=\"_ _0\"></span>s is subje<span class=\"_ _0\"></span>ct to regul<span class=\"_ _0\"></span>ar mo<span class=\"_ _0\"></span>nito<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>. </td></tr><tr><td class=\"t m0 x206 hc y4212 ff4 fs6 fc1 sc0 ls56 ws55\">hel<span class=\"_ _0\"></span>d in the linke<span class=\"_ _0\"></span>d fun<span class=\"_ _0\"></span>ds<span class=\"_ _0\"></span>, on whic<span class=\"_ _0\"></span>h invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt man<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span> </td><td></td><td class=\"t m0 x5ef hc y4213 ff4 fs6 fc1 sc0 ls56 ws55\">Per<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>c<span class=\"_ gs5e1\"> </span>ass<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt is also mad<span class=\"_ _0\"></span>e of the lon<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>-te<span class=\"_ _0\"></span>rm prof<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>tab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y to <span class=\"_ _1\"></span>the Gr<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>p </td></tr><tr><td class=\"t m0 x206 hc y4214 ff4 fs6 fc1 sc0 ls56 ws55\">fee<span class=\"_ _0\"></span>s are base<span class=\"_ _0\"></span>d. Th<span class=\"_ _0\"></span>ere is also th<span class=\"_ _0\"></span>e risk of exp<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>e over-<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>uns<span class=\"_ _0\"></span> </td><td></td><td class=\"t m0 x5ef hc y4215 ff4 fs6 fc1 sc0 ls56 ws55\">of<span class=\"_ gs5e1\"> </span>the<span class=\"_ _0\"></span>se fun<span class=\"_ _0\"></span>ds<span class=\"_ _0\"></span>. For som<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>s the Gro<span class=\"_ _0\"></span>up<span class=\"_ gs5e1\"> </span>ha<span class=\"_ _0\"></span>s disc<span class=\"_ _0\"></span>reti<span class=\"_ _0\"></span>on ove<span class=\"_ _0\"></span>r the leve<span class=\"_ _0\"></span>l </td></tr><tr><td class=\"t m0 x206 h1a y4216 ff3 fs6 fc1 sc0 ls56 ws0\">sho<span class=\"_ _0\"></span>ul<span class=\"_ _0\"></span>d the m<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ket de<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>ess t<span class=\"_ _0\"></span>he l<span class=\"_ _0\"></span>eve<span class=\"_ _0\"></span>l of cha<span class=\"_ _0\"></span>rg<span class=\"_ _0\"></span>es wh<span class=\"_ _0\"></span>ich c<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>ld<span class=\"_ _0\"></span> </td><td></td><td class=\"t m0 x5ef hc y4217 ff4 fs6 fc1 sc0 ls56 ws55\">of<span class=\"_ gs5e1\"> </span>man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ent ch<span class=\"_ _0\"></span>arg<span class=\"_ _0\"></span>es lev<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d.<span class=\"_ _0\"></span> </td></tr><tr><td class=\"t m0 x206 hc y4218 ff4 fs6 fc1 sc0 ls56 ws55\">be imp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></td><td></td><td></td></tr><tr><td class=\"t m0 x206 hb y4219 ff5 fs6 fc1 sc0 ls11e ws5c\">Proper<span class=\"_ _0\"></span>ty risk </td><td></td><td></td></tr><tr><td class=\"t m0 x206 h1a y421a ff3 fs6 fc1 sc0 ls56 ws0\">Life<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>e mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tg<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>s in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>de a n<span class=\"_ _0\"></span>o ne<span class=\"_ _0\"></span>gat<span class=\"_ _0\"></span>ive e<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y gu<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ante<span class=\"_ _0\"></span>e </td><td class=\"t m0 x5ee h1a y421b ff3 fs6 fc1 sc0 ls112 ws1e\">Institu<span class=\"_ _0\"></span>tional Reti<span class=\"_ _0\"></span>remen<span class=\"_ _0\"></span>t </td><td class=\"t m0 x5ef hc y421b ff4 fs6 fc1 sc0 ls56 ws55\">T<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>mi<span class=\"_ _0\"></span>tig<span class=\"_ _0\"></span>ate the risk<span class=\"_ _0\"></span>, ma<span class=\"_ _0\"></span>xi<span class=\"_ _0\"></span>mu<span class=\"_ _0\"></span>m loan to value rat<span class=\"_ _0\"></span>ios are se<span class=\"_ _0\"></span>t for all lend<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g with<span class=\"_ _0\"></span> </td></tr><tr><td class=\"t m0 x206 h1a y421c ff3 fs6 fc1 sc0 ls56 ws0\">whi<span class=\"_ _0\"></span>ch tr<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>sfer<span class=\"_ _0\"></span>s a pote<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>al lo<span class=\"_ _0\"></span>ss ex<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>e to the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p </td><td class=\"t m0 x5ee h1a y421d ff3 fs6 fc1 sc0 ls56 ws0\">and R<span class=\"_ _0\"></span>eta<span class=\"_ _0\"></span>il<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x5ef h1a y421d ff3 fs6 fc1 sc0 ls1 ws23\">further underwriting<span class=\"_ _1\"></span> criteri<span class=\"_ _1\"></span>a setting<span class=\"_ _1\"></span> out accep<span class=\"_ _1\"></span>table<span class=\"_ _1\"></span> properties f<span class=\"_ _1\"></span>or lend<span class=\"_ _1\"></span>ing </td></tr><tr><td class=\"t m0 x206 hc y421e ff4 fs6 fc1 sc0 ls56 ws55\">as<span class=\"_ gs5e1\"> </span>a<span class=\"_ gs5e1\"> </span>res<span class=\"_ _0\"></span>ul<span class=\"_ _0\"></span>t of <span class=\"_ _1\"></span>low ho<span class=\"_ _0\"></span>use pr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e infl<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on and an exp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span> </td><td></td><td class=\"t m0 x5ef hc y421f ff4 fs6 fc1 sc0 ls56 ws55\">pur<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>s. Po<span class=\"_ _0\"></span>lic<span class=\"_ _0\"></span>y terms als<span class=\"_ _0\"></span>o requ<span class=\"_ _0\"></span>ire pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies to be full<span class=\"_ _0\"></span>y insur<span class=\"_ _0\"></span>ed and<span class=\"_ _0\"></span> </td></tr><tr><td class=\"t m0 x206 hc y4220 ff4 fs6 fc1 sc0 ls56 ws55\">to<span class=\"_ gs5e1\"> </span>spe<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ic pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es whi<span class=\"_ _0\"></span>ch may exp<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e lower ho<span class=\"_ _0\"></span>use<span class=\"_ _0\"></span> </td><td></td><td class=\"t m0 x5ef hc y4221 ff4 fs6 fc1 sc0 ls56 ws55\">mai<span class=\"_ _0\"></span>ntai<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>d, in<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>udi<span class=\"_ _0\"></span>ng the ri<span class=\"_ _0\"></span>ght of insp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e diver<span class=\"_ _0\"></span>sif<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>cat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n of <span class=\"_ _1\"></span>le<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span> </td></tr><tr><td class=\"t m0 x206 hc y4222 ff4 fs6 fc1 sc0 ls56 ws55\">pri<span class=\"_ _0\"></span>ce inf<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n for whateve<span class=\"_ _0\"></span>r reaso<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m0 x5ef hc y4223 ff4 fs6 fc1 sc0 ls56 ws55\">by<span class=\"_ gs5e1\"> </span>pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y t<span class=\"_ _0\"></span>yp<span class=\"_ _0\"></span>e and ge<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>rap<span class=\"_ _0\"></span>hi<span class=\"_ _0\"></span>c regi<span class=\"_ _0\"></span>on se<span class=\"_ _0\"></span>eks to cont<span class=\"_ _0\"></span>rol ex<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>es to </td></tr><tr><td></td><td></td><td class=\"t m0 x5ef hc y4224 ff4 fs6 fc1 sc0 ls56 ws55\">sp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ic<span class=\"_ gs5e1\"> </span>as<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s in the prop<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y mar<span class=\"_ _0\"></span>ket<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 h1a y4225 ff3 fs6 fc1 sc0 ls10a ws5a\">Asset Management businesses build homes across </td><td class=\"t m0 x5ee hc y4226 ff4 fs6 fc1 sc0 ls113 ws11f\">Asset <span class=\"_ _1\"></span>Management, </td><td class=\"t m0 x5ef h1a y4227 ff3 fs6 fc1 sc0 ls56 ws0\">Div<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>sif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on by g<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ogr<span class=\"_ _0\"></span>ap<span class=\"_ _0\"></span>hic r<span class=\"_ _0\"></span>egi<span class=\"_ _0\"></span>on a<span class=\"_ _0\"></span>nd p<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>y ty<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>e avoid<span class=\"_ _0\"></span>s co<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n </td></tr><tr><td class=\"t m0 x206 hc y4228 ff4 fs6 fc1 sc0 ls56 ws55\">the<span class=\"_ gs5e1\"> </span>r<span class=\"_ _0\"></span>esi<span class=\"_ _0\"></span>den<span class=\"_ _0\"></span>tia<span class=\"_ _0\"></span>l marke<span class=\"_ _0\"></span>t, inve<span class=\"_ _0\"></span>st in larg<span class=\"_ _0\"></span>e com<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>ial and<span class=\"_ _0\"></span> </td><td class=\"t m0 x5ee h1a y4229 ff3 fs6 fc1 sc0 ls113 ws5b\">Corporate<span class=\"_ _1\"></span> Inv<span class=\"_ _1\"></span>estments </td><td class=\"t m0 x5ef hc y422a ff4 fs6 fc1 sc0 ls56 ws55\">of<span class=\"_ gs5e1\"> </span>exp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>s to <span class=\"_ _1\"></span>spe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ic area<span class=\"_ _0\"></span>s of the prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ty mar<span class=\"_ _0\"></span>ket<span class=\"_ _0\"></span>. Co<span class=\"_ _0\"></span>mm<span class=\"_ _0\"></span>erc<span class=\"_ _0\"></span>ial pro<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> </td></tr><tr><td class=\"t m0 x206 h1a y422b ff3 fs6 fc1 sc0 ls56 ws0\">resi<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>al de<span class=\"_ _0\"></span>vel<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt pr<span class=\"_ _0\"></span>oje<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d alo<span class=\"_ _0\"></span>ng wi<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span> </td><td class=\"t m0 x5ee h1a y422c ff3 fs6 fc1 sc0 ls112 ws1e\">and Insti<span class=\"_ _0\"></span>tution<span class=\"_ _0\"></span>al </td><td class=\"t m0 x5ef h1a y422d ff3 fs6 fc1 sc0 ls56 ws0\">exp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ure in t<span class=\"_ _0\"></span>he I<span class=\"_ _0\"></span>nst<span class=\"_ _0\"></span>itu<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>al Ret<span class=\"_ _0\"></span>ire<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt an<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y p<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>lio is r<span class=\"_ _0\"></span>ela<span class=\"_ _0\"></span>tive<span class=\"_ _0\"></span>ly l<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _0\"></span> </td></tr><tr><td class=\"t m0 x206 h1a y422e ff3 fs6 fc1 sc0 ls1 ws23\">Instit<span class=\"_ _1\"></span>utional<span class=\"_ _1\"></span> Reti<span class=\"_ _1\"></span>rement<span class=\"_ _1\"></span> manage<span class=\"_ _1\"></span> severa<span class=\"_ _1\"></span>l dev<span class=\"_ _1\"></span>eloped r<span class=\"_ _1\"></span>eal </td><td class=\"t m0 x5ee h1a y422f ff3 fs6 fc1 sc0 ls112 ws6\">Retireme<span class=\"_ _0\"></span>nt<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x5ef hc y4230 ff4 fs6 fc1 sc0 ls56 ws55\">and<span class=\"_ gs5e1\"> </span>i<span class=\"_ _0\"></span>s pred<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>ntl<span class=\"_ _0\"></span>y und<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>pin<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>d by long<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>m lea<span class=\"_ _0\"></span>ses wi<span class=\"_ _0\"></span>th inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent gr<span class=\"_ _0\"></span>ade<span class=\"_ _0\"></span> </td></tr><tr><td class=\"t m0 x206 hc y4231 ff4 fs6 fc1 sc0 ls56 ws55\">est<span class=\"_ _0\"></span>ate asse<span class=\"_ _0\"></span>ts. C<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>rate Inve<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts also has ex<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>sure to </td><td></td><td class=\"t m0 x5ef hc y4232 ff4 fs6 fc1 sc0 ls56 ws55\">tena<span class=\"_ _0\"></span>nts<span class=\"_ _0\"></span>. Prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ty de<span class=\"_ _0\"></span>vel<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt act<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y is relat<span class=\"_ _0\"></span>ive<span class=\"_ _0\"></span>ly lim<span class=\"_ _0\"></span>ited an<span class=\"_ _0\"></span>d whe<span class=\"_ _0\"></span>re </td></tr><tr><td class=\"t m0 x206 hc y4233 ff4 fs6 fc1 sc0 ls56 ws55\">resi<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>al and co<span class=\"_ _0\"></span>mm<span class=\"_ _0\"></span>erc<span class=\"_ _0\"></span>ial pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ty. The Gro<span class=\"_ _0\"></span>up is exp<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>d </td><td></td><td class=\"t m0 x5ef hc y4234 ff4 fs6 fc1 sc0 ls56 ws55\">app<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>pri<span class=\"_ _0\"></span>ate, key met<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>ds are ado<span class=\"_ _0\"></span>pted to mana<span class=\"_ _0\"></span>ge deve<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>pm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t risk<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span> </td></tr><tr><td class=\"t m0 x206 hc y4235 ff4 fs6 fc1 sc0 ls56 ws55\">to the risk tha<span class=\"_ _0\"></span>t the inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e from<span class=\"_ _0\"></span>, and th<span class=\"_ _0\"></span>e value of, prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ty<span class=\"_ _0\"></span> </td><td></td><td class=\"t m0 x5ef hc y4236 ff4 fs6 fc1 sc0 ls56 ws55\">suc<span class=\"_ _0\"></span>h<span class=\"_ gs5e1\"> </span>as<span class=\"_ gs5e1\"> </span>f<span class=\"_ _0\"></span>ixe<span class=\"_ _0\"></span>d pri<span class=\"_ _0\"></span>ce co<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>cts<span class=\"_ _0\"></span>, for<span class=\"_ _0\"></span>wa<span class=\"_ _0\"></span>rd sale<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, diver<span class=\"_ _0\"></span>sif<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>cat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n </td></tr><tr><td class=\"t m0 x206 h1a y4237 ff3 fs6 fc1 sc0 ls56 ws0\">ass<span class=\"_ _0\"></span>ets h<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>d to bac<span class=\"_ _0\"></span>k ins<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e li<span class=\"_ _0\"></span>abi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>ies a<span class=\"_ _0\"></span>nd c<span class=\"_ _0\"></span>api<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>l </td><td></td><td class=\"t m0 x5ef hc y4238 ff4 fs6 fc1 sc0 ls56 ws55\">of<span class=\"_ gs5e1\"> </span>co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g cou<span class=\"_ _0\"></span>nter<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es and pre<span class=\"_ _3\"></span>-l<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>sin<span class=\"_ _0\"></span>g.<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c x1cb y423a w1be h147\"><div class=\"t m0 x1ca h1a y4239 ff3 fs6 fc1 sc0 ls56 ws0\">req<span class=\"_ _0\"></span>uir<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s do n<span class=\"_ _0\"></span>ot pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>m in l<span class=\"_ _0\"></span>ine w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t and<span class=\"_ _3b2\"> </span></div><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">pro<span class=\"_ _0\"></span>du<span class=\"_ _0\"></span>ct pr<span class=\"_ _0\"></span>ici<span class=\"_ _0\"></span>ng ass<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>ns le<span class=\"_ _0\"></span>adi<span class=\"_ _0\"></span>ng to<span class=\"_ gs5e1\"> </span>a<span class=\"_ gs5e1\"> </span>poten<span class=\"_ _0\"></span>tial f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ial<span class=\"_ _3b2\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x1cb y423b w1bf h148\"><div class=\"t m0 x1ca hc y4239 ff4 fs6 fc1 sc0 ls56 ws55\">los<span class=\"_ _0\"></span>s. Valu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns of real est<span class=\"_ _0\"></span>ate asse<span class=\"_ _0\"></span>ts dep<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>d both on<span class=\"_ _3b2\"> </span></div><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>sp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>cif<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>c and wide<span class=\"_ _0\"></span>r mar<span class=\"_ _0\"></span>ket dri<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>s. Pro<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies<span class=\"_ _3b2\"> </span></div></td><td></td><td></td></tr><tr><td class=\"t m0 x206 h1a y423c ff3 fs6 fc1 sc0 ls56 ws0\">und<span class=\"_ _0\"></span>er d<span class=\"_ _0\"></span>eve<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>pm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t can b<span class=\"_ _0\"></span>e ex<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d to add<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>al ri<span class=\"_ _0\"></span>sks<span class=\"_ _0\"></span> </td><td></td><td></td></tr><tr><td class=\"t m0 x206 hc y423d ff4 fs6 fc1 sc0 ls56 ws55\">whi<span class=\"_ _0\"></span>ch imp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e, in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span> </td><td></td><td></td></tr><tr><td class=\"t m0 x206 h1a y423e ff3 fs6 fc1 sc0 ls56 ws0\">sig<span class=\"_ _0\"></span>nif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t inc<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>s in th<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>st of m<span class=\"_ _0\"></span>ater<span class=\"_ _0\"></span>ials o<span class=\"_ _0\"></span>r di<span class=\"_ _0\"></span>sr<span class=\"_ _0\"></span>upti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span> </td><td></td><td></td></tr><tr><td class=\"c x1cb y4240 w1c0 h149\"><div class=\"t m0 x1ca hc y423f ff4 fs6 fc1 sc0 ls56 ws55\">to<span class=\"_ gs5e1\"> </span>sup<span class=\"_ _0\"></span>ply ch<span class=\"_ _0\"></span>ain<span class=\"_ _0\"></span>s. Th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up\u2019s reven<span class=\"_ _0\"></span>ue st<span class=\"_ _0\"></span>rea<span class=\"_ _0\"></span>ms are<span class=\"_ _3b2\"> </span></div><div class=\"t m0 x1ca hc y4239 ff4 fs6 fc1 sc0 ls56 ws55\">exp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ed<span class=\"_ gs5e1\"> </span>to resi<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>ntia<span class=\"_ _0\"></span>l sale<span class=\"_ _0\"></span>s achi<span class=\"_ _0\"></span>eve<span class=\"_ _0\"></span>d, as well as the<span class=\"_ _3b2\"> </span></div><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">volu<span class=\"_ _0\"></span>me<span class=\"_ gs5e1\"> </span>of tr<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>, both of whic<span class=\"_ _0\"></span>h may be affe<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td></td></tr><tr><td class=\"t m0 x206 hc y4241 ff4 fs6 fc1 sc0 ls56 ws55\">by<span class=\"_ gs5e1\"> </span>the pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e of the hous<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g marke<span class=\"_ _0\"></span>t. Reve<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>e </td><td></td><td></td></tr><tr><td class=\"t m0 x206 h1a y4242 ff3 fs6 fc1 sc0 ls56 ws0\">str<span class=\"_ _0\"></span>eam<span class=\"_ _0\"></span>s may al<span class=\"_ _0\"></span>so b<span class=\"_ _0\"></span>e imp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>ted by si<span class=\"_ _0\"></span>gn<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>rea<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span> </td><td></td><td></td></tr><tr><td class=\"t m0 x206 hc y4243 ff4 fs6 fc1 sc0 ls56 ws55\">in<span class=\"_ gs5e1\"> </span>th<span class=\"_ _0\"></span>e cos<span class=\"_ _0\"></span>t of <span class=\"_ _1\"></span>raw mate<span class=\"_ _0\"></span>ria<span class=\"_ _0\"></span>ls or disr<span class=\"_ _0\"></span>upt<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n to<span class=\"_ gs5e1\"> </span>supp<span class=\"_ _0\"></span>ly cha<span class=\"_ _0\"></span>ins<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></td><td></td><td></td></tr><tr><td class=\"t m0 x206 hb y4244 ff5 fs6 fc1 sc0 ls11e ws5c\">Curren<span class=\"_ _0\"></span>cy risk<span class=\"_ _3b2\"> </span></td><td></td><td></td></tr><tr><td class=\"t m0 x206 h1a y4245 ff3 fs6 fc1 sc0 ls56 ws0\">T<span class=\"_ _1\"></span>o diver<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>y cre<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t ri<span class=\"_ _0\"></span>sk wi<span class=\"_ _0\"></span>thi<span class=\"_ _0\"></span>n the a<span class=\"_ _0\"></span>nn<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>ies b<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span> </td><td class=\"t m0 x5ee hc y4246 ff4 fs6 fc1 sc0 ls113 ws11f\">Asset <span class=\"_ _1\"></span>Management, </td><td class=\"t m0 x5ef hc y4247 ff4 fs6 fc1 sc0 ls56 ws55\">T<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>mi<span class=\"_ _0\"></span>tig<span class=\"_ _0\"></span>ate the risk of los<span class=\"_ _0\"></span>s from cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>y flu<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>uati<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>s, cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>cy swaps<span class=\"_ gs5e1\"> </span>a<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span> </td></tr><tr><td class=\"t m0 x206 hc y4248 ff4 fs6 fc1 sc0 ls56 ws55\">co<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ate bon<span class=\"_ _0\"></span>d por<span class=\"_ _3\"></span>tfo<span class=\"_ _0\"></span>lio<span class=\"_ _0\"></span>, invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts are he<span class=\"_ _0\"></span>ld in<span class=\"_ _0\"></span> </td><td class=\"t m0 x5ee h1a y4249 ff3 fs6 fc1 sc0 ls112 ws1e\">Institu<span class=\"_ _0\"></span>tional Reti<span class=\"_ _0\"></span>remen<span class=\"_ _0\"></span>t </td><td class=\"t m0 x5ef h1a y424a ff3 fs6 fc1 sc0 ls56 ws0\">for<span class=\"_ _0\"></span>wa<span class=\"_ _0\"></span>rds ar<span class=\"_ _0\"></span>e use<span class=\"_ _0\"></span>d to he<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>e exp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>s to co<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ate bo<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>s de<span class=\"_ _0\"></span>no<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ated i<span class=\"_ _0\"></span>n </td></tr><tr><td class=\"t m0 x206 hc y424b ff4 fs6 fc1 sc0 ls56 ws55\">co<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ate<span class=\"_ gs5e1\"> </span>bo<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>s den<span class=\"_ _0\"></span>omi<span class=\"_ _0\"></span>nate<span class=\"_ _0\"></span>d in non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>terl<span class=\"_ _0\"></span>ing cu<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>cie<span class=\"_ _0\"></span>s.<span class=\"_ _0\"></span> </td><td class=\"t m0 x5ee h1a y424c ff3 fs6 fc1 sc0 ls56 ws0\">and R<span class=\"_ _0\"></span>eta<span class=\"_ _0\"></span>il<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x5ef hc y424d ff4 fs6 fc1 sc0 ls56 ws55\">cur<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ies oth<span class=\"_ _0\"></span>er tha<span class=\"_ _0\"></span>n ster<span class=\"_ _0\"></span>lin<span class=\"_ _0\"></span>g. He<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>ing ar<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s are plac<span class=\"_ _0\"></span>ed wi<span class=\"_ _0\"></span>th stro<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>ly<span class=\"_ _0\"></span> </td></tr><tr><td class=\"t m0 x206 hc y424e ff4 fs6 fc1 sc0 ls56 ws55\">As<span class=\"_ _0\"></span>set Ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t also inve<span class=\"_ _0\"></span>st in overs<span class=\"_ _0\"></span>eas as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s.<span class=\"_ _0\"></span> </td><td></td><td class=\"t m0 x5ef h1a y424f ff3 fs6 fc1 sc0 ls56 ws0\">rate<span class=\"_ _0\"></span>d co<span class=\"_ _0\"></span>unte<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies w<span class=\"_ _0\"></span>ith c<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>late<span class=\"_ _0\"></span>ral re<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>ire<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts b<span class=\"_ _0\"></span>ei<span class=\"_ _0\"></span>ng s<span class=\"_ _0\"></span>ubj<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t to reg<span class=\"_ _0\"></span>ula<span class=\"_ _0\"></span>r </td></tr><tr><td class=\"t m0 x206 hc y4250 ff4 fs6 fc1 sc0 ls56 ws55\">Flu<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>uat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s in the valu<span class=\"_ _0\"></span>e of, <span class=\"_ _1\"></span>or inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e fro<span class=\"_ _0\"></span>m, th<span class=\"_ _0\"></span>ese ass<span class=\"_ _0\"></span>ets<span class=\"_ _0\"></span> </td><td></td><td class=\"t m0 x5ef hc y4251 ff4 fs6 fc1 sc0 ls56 ws55\">revi<span class=\"_ _0\"></span>ew and re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ilia<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n with th<span class=\"_ _0\"></span>e cou<span class=\"_ _0\"></span>nter<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es. T<span class=\"_ _0\"></span>he he<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>es do not elim<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>ate </td></tr><tr><td class=\"t m0 x206 h1a y4252 ff3 fs6 fc1 sc0 ls56 ws0\">rel<span class=\"_ _0\"></span>ativ<span class=\"_ _0\"></span>e to liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s de<span class=\"_ _0\"></span>no<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ated i<span class=\"_ _0\"></span>n ste<span class=\"_ _0\"></span>rli<span class=\"_ _0\"></span>ng c<span class=\"_ _0\"></span>oul<span class=\"_ _0\"></span>d res<span class=\"_ _0\"></span>ul<span class=\"_ _0\"></span>t </td><td></td><td class=\"t m0 x5ef hc y4253 ff4 fs6 fc1 sc0 ls56 ws55\">all cur<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>y risk and th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p retai<span class=\"_ _0\"></span>ns som<span class=\"_ _0\"></span>e resi<span class=\"_ _0\"></span>dua<span class=\"_ _0\"></span>l risk<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 hc y4254 ff4 fs6 fc1 sc0 ls56 ws55\">in<span class=\"_ gs5e1\"> </span>unfo<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n forei<span class=\"_ _0\"></span>gn exch<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ge los<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s.<span class=\"_ _3b2\"> </span></td><td></td><td></td></tr><tr><td class=\"t m0 x206 h1a y4255 ff3 fs6 fc1 sc0 ls10a ws5a\">The consolidated int<span class=\"_ _1\"></span>ernational subsidiaries<span class=\"_ _1\"></span> and financial </td><td class=\"c n x5f0 y4256 w1c1 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls130 ws1a1\">Group<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5f1 y4256 w1c2 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">T<span class=\"_ _1\"></span>o mitig<span class=\"_ _0\"></span>ate th<span class=\"_ _0\"></span>e ris<span class=\"_ _0\"></span>k of lo<span class=\"_ _0\"></span>ss fr<span class=\"_ _0\"></span>om c<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cy t<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>sla<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>inu<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>sl<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 h1a y4257 ff3 fs6 fc1 sc0 lsea ws27\">instrume<span class=\"_ _0\"></span>nts of<span class=\"_ _1\"></span> subsidiaries are translated int<span class=\"_ _1\"></span>o sterling in the </td><td></td><td class=\"t m0 x5ef h1a y4258 ff3 fs6 fc1 sc0 ls56 ws0\">mo<span class=\"_ _0\"></span>nito<span class=\"_ _0\"></span>rs i<span class=\"_ _0\"></span>ts ex<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>e and e<span class=\"_ _0\"></span>xec<span class=\"_ _0\"></span>ute<span class=\"_ _0\"></span>s app<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>pri<span class=\"_ _0\"></span>ate he<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nsa<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>s whe<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> </td></tr><tr><td class=\"t m0 x206 hc y4259 ff4 fs6 fc1 sc0 ls56 ws55\">co<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>lid<span class=\"_ _0\"></span>ated ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>ts. Ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>es in the ste<span class=\"_ _0\"></span>rli<span class=\"_ _0\"></span>ng val<span class=\"_ _0\"></span>ue can<span class=\"_ _0\"></span> </td><td></td><td class=\"t m0 x5ef hc y425a ff4 fs6 fc1 sc0 ls57 ws2c\">ne<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ssa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y. Hedg<span class=\"_ _0\"></span>ing arr<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts are plac<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d with stro<span class=\"_ _0\"></span>ngl<span class=\"_ _0\"></span>y rated cou<span class=\"_ _0\"></span>nter<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span> </td></tr><tr><td class=\"t m0 x206 hc y425b ff4 fs6 fc1 sc0 ls56 ws55\">imp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ gs5e1\"> </span>co<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>date<span class=\"_ _0\"></span>d equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y but may be mi<span class=\"_ _0\"></span>tig<span class=\"_ _0\"></span>ated by </td><td></td><td class=\"t m0 x5ef h1a y425c ff3 fs6 fc1 sc0 ls56 ws0\">wit<span class=\"_ _0\"></span>h co<span class=\"_ _0\"></span>llate<span class=\"_ _0\"></span>ral r<span class=\"_ _0\"></span>eq<span class=\"_ _0\"></span>uire<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s be<span class=\"_ _0\"></span>ing s<span class=\"_ _0\"></span>ubj<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t to re<span class=\"_ _0\"></span>gul<span class=\"_ _0\"></span>ar rev<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>w and r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>cil<span class=\"_ _0\"></span>iati<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span> </td></tr><tr><td class=\"t m0 x206 hc y425d ff4 fs6 fc1 sc0 lsea ws122\">associated hedging transactions.<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m0 x5ef hc y425e ff4 fs6 fc1 sc0 ls56 ws55\">wit<span class=\"_ _0\"></span>h the cou<span class=\"_ _0\"></span>nter<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 hb y425f ff6 fs6 fc1 sc0 ls11e ws141\">Inflation risk<span class=\"_ _3b2\"> </span></td><td></td><td></td></tr><tr><td class=\"t m0 x206 h1a y4260 ff3 fs6 fc1 sc0 ls56 ws0\">Inf<span class=\"_ _0\"></span>lati<span class=\"_ _0\"></span>on r<span class=\"_ _0\"></span>isk i<span class=\"_ _0\"></span>s the p<span class=\"_ _0\"></span>ote<span class=\"_ _0\"></span>ntia<span class=\"_ _0\"></span>l of real<span class=\"_ _0\"></span>isi<span class=\"_ _0\"></span>ng a lo<span class=\"_ _0\"></span>ss b<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>cau<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span> </td><td class=\"t m0 x5ee h1a y4261 ff3 fs6 fc1 sc0 ls112 ws1e\">Institu<span class=\"_ _0\"></span>tional Reti<span class=\"_ _0\"></span>remen<span class=\"_ _0\"></span>t </td><td class=\"t m0 x5ef h1a y4261 ff3 fs6 fc1 sc0 ls56 ws0\">Th<span class=\"_ _0\"></span>e inve<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t st<span class=\"_ _0\"></span>rate<span class=\"_ _0\"></span>gy fo<span class=\"_ _0\"></span>r the a<span class=\"_ _0\"></span>nn<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>ies b<span class=\"_ _0\"></span>usi<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>ss ta<span class=\"_ _0\"></span>kes ex<span class=\"_ _0\"></span>pli<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>t ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span> </td></tr><tr><td class=\"t m0 x206 hc y4262 ff4 fs6 fc1 sc0 ls56 ws55\">of<span class=\"_ gs5e1\"> </span>rel<span class=\"_ _0\"></span>ativ<span class=\"_ _0\"></span>e or absol<span class=\"_ _0\"></span>ute ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>es in inf<span class=\"_ _0\"></span>lati<span class=\"_ _0\"></span>on rate<span class=\"_ _0\"></span>s.<span class=\"_ _0\"></span> </td><td class=\"t m0 x5ee h1a y4263 ff3 fs6 fc1 sc0 ls56 ws0\">and R<span class=\"_ _0\"></span>eta<span class=\"_ _0\"></span>il<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x5ef hc y4263 ff4 fs6 fc1 sc0 ls56 ws55\">of<span class=\"_ gs5e1\"> </span>the<span class=\"_ gs5e1\"> </span>e<span class=\"_ _0\"></span>ffe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t of <span class=\"_ _1\"></span>move<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s in pric<span class=\"_ _0\"></span>e indi<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>s on con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d liabi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span> </td></tr><tr><td class=\"t m0 x206 hc y4264 ff4 fs6 fc1 sc0 ls56 ws55\">An<span class=\"_ _0\"></span>nui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ gs5e1\"> </span>c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>cts may prov<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>e for futu<span class=\"_ _0\"></span>re ben<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>s to <span class=\"_ _1\"></span>be<span class=\"_ _0\"></span> </td><td></td><td class=\"t m0 x5ef hc y4265 ff4 fs6 fc1 sc0 ls56 ws55\">Sig<span class=\"_ _0\"></span>nif<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>nt<span class=\"_ gs5e1\"> </span>ex<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>es that may adv<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>sel<span class=\"_ _0\"></span>y imp<span class=\"_ _0\"></span>act pr<span class=\"_ _0\"></span>ofi<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y are hed<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> </td></tr><tr><td class=\"t m0 x206 hc y4266 ff4 fs6 fc1 sc0 ls56 ws55\">pai<span class=\"_ _0\"></span>d<span class=\"_ gs5e1\"> </span>tak<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g acc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t of chang<span class=\"_ _0\"></span>es in the le<span class=\"_ _0\"></span>vel of infl<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>. </td><td></td><td class=\"t m0 x5ef hc y4267 ff4 fs6 fc1 sc0 ls56 ws55\">usi<span class=\"_ _0\"></span>ng<span class=\"_ gs5e1\"> </span>inf<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n swaps<span class=\"_ _0\"></span>. An<span class=\"_ _0\"></span>nui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>cts als<span class=\"_ _0\"></span>o ty<span class=\"_ _0\"></span>pi<span class=\"_ _0\"></span>cal<span class=\"_ _0\"></span>ly inc<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>de ca<span class=\"_ _0\"></span>ps and<span class=\"_ _0\"></span> </td></tr><tr><td class=\"t m0 x206 h1a y4268 ff3 fs6 fc1 sc0 ls56 ws0\">An<span class=\"_ _0\"></span>nui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>cts i<span class=\"_ _0\"></span>n pay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt may i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>de an a<span class=\"_ _0\"></span>nnu<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span> </td><td></td><td class=\"t m0 x5ef hc y4269 ff4 fs6 fc1 sc0 ls56 ws55\">fl<span class=\"_ _0\"></span>oo<span class=\"_ _0\"></span>rs<span class=\"_ gs5e1\"> </span>o<span class=\"_ _0\"></span>n the ann<span class=\"_ _0\"></span>ual in<span class=\"_ _0\"></span>cre<span class=\"_ _0\"></span>ase in inf<span class=\"_ _0\"></span>lat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>lin<span class=\"_ _0\"></span>ked be<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t paym<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts. T<span class=\"_ _0\"></span>he hed<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>s </td></tr><tr><td class=\"t m0 x206 hc y426a ff4 fs6 fc1 sc0 ls56 ws55\">adju<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt for move<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts in pri<span class=\"_ _0\"></span>ce in<span class=\"_ _0\"></span>dic<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m0 x5ef hc y426b ff4 fs6 fc1 sc0 ls56 ws55\">do not eli<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ate all infl<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n ris<span class=\"_ _0\"></span>k and the Gro<span class=\"_ _0\"></span>up ret<span class=\"_ _0\"></span>ains so<span class=\"_ _0\"></span>me res<span class=\"_ _0\"></span>idu<span class=\"_ _0\"></span>al ris<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 hb y426c ff6 fs6 fc1 sc0 ls56 ws55\">In<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t rat<span class=\"_ _0\"></span>e ris<span class=\"_ _0\"></span>k<span class=\"_ _3b2\"> </span></td><td></td><td></td></tr><tr><td class=\"t m0 x206 h1a y426d ff3 fs6 fc1 sc0 ls56 ws0\">Inte<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>t rate r<span class=\"_ _0\"></span>isk is t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>isk t<span class=\"_ _0\"></span>hat th<span class=\"_ _0\"></span>e Gr<span class=\"_ _0\"></span>oup i<span class=\"_ _0\"></span>s exp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span> </td><td class=\"t m0 x5ee hc y426e ff4 fs6 fc1 sc0 ls112 ws6\">Group, Institu<span class=\"_ _0\"></span>tional<span class=\"_ _0\"></span> </td><td class=\"t m0 x5ef hc y426e ff4 fs6 fc1 sc0 ls56 ws55\">T<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>mi<span class=\"_ _0\"></span>tig<span class=\"_ _0\"></span>ate the risk th<span class=\"_ _0\"></span>at guar<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>tees an<span class=\"_ _0\"></span>d com<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s are not met<span class=\"_ _0\"></span>, fin<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>cial<span class=\"_ _0\"></span> </td></tr><tr><td class=\"t m0 x206 hc y426f ff4 fs6 fc1 sc0 ls56 ws55\">to<span class=\"_ gs5e1\"> </span>lowe<span class=\"_ _0\"></span>r retur<span class=\"_ _0\"></span>ns or los<span class=\"_ _0\"></span>s as a <span class=\"_ _1\"></span>dire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t or indi<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>t resu<span class=\"_ _0\"></span>lt<span class=\"_ _0\"></span> </td><td class=\"t m0 x5ee h1a y4270 ff3 fs6 fc1 sc0 ls112 ws1e\">Retireme<span class=\"_ _0\"></span>nt and Retail<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x5ef hc y4270 ff4 fs6 fc1 sc0 ls56 ws55\">ins<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s are purc<span class=\"_ _0\"></span>has<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>, whic<span class=\"_ _0\"></span>h bro<span class=\"_ _0\"></span>adl<span class=\"_ _0\"></span>y match the nat<span class=\"_ _0\"></span>ure and ter<span class=\"_ _0\"></span>ms of the<span class=\"_ _0\"></span> </td></tr><tr><td class=\"t m0 x206 hc y4271 ff4 fs6 fc1 sc0 ls56 ws55\">of<span class=\"_ gs5e1\"> </span>fl<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>tua<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns in the valu<span class=\"_ _0\"></span>e of, <span class=\"_ _1\"></span>or in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me fro<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>, spe<span class=\"_ _0\"></span>cif<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>c </td><td></td><td class=\"t m0 x5ef hc y4272 ff4 fs6 fc1 sc0 ls56 ws55\">exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted po<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>cy ben<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>s payab<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>. The co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>osi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on of the inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>fol<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span> </td></tr><tr><td class=\"t m0 x206 h1a y4273 ff3 fs6 fc1 sc0 ls56 ws0\">ass<span class=\"_ _0\"></span>ets a<span class=\"_ _0\"></span>nd li<span class=\"_ _0\"></span>abi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>ies a<span class=\"_ _0\"></span>ris<span class=\"_ _0\"></span>ing f<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>m ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>es i<span class=\"_ _0\"></span>n und<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ly<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g </td><td></td><td class=\"t m0 x5ef hc y4274 ff4 fs6 fc1 sc0 ls56 ws55\">is gover<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ed by the natu<span class=\"_ _0\"></span>re of the insur<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce or sav<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>s liabi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>, the ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d </td></tr><tr><td class=\"t m0 x206 hc y4275 ff4 fs6 fc1 sc0 ls14f ws1bf\">in<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t rate<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m0 x5ef h1a y4276 ff3 fs6 fc1 sc0 ls56 ws0\">rate of re<span class=\"_ _0\"></span>tur<span class=\"_ _0\"></span>n ap<span class=\"_ _0\"></span>pli<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>ble o<span class=\"_ _0\"></span>n ea<span class=\"_ _0\"></span>ch c<span class=\"_ _0\"></span>las<span class=\"_ _0\"></span>s of ass<span class=\"_ _0\"></span>et a<span class=\"_ _0\"></span>nd th<span class=\"_ _0\"></span>e ca<span class=\"_ _0\"></span>pi<span class=\"_ _0\"></span>tal ava<span class=\"_ _0\"></span>ila<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>e to me<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span> </td></tr><tr><td></td><td></td><td class=\"t m0 x5ef hc y4277 ff4 fs6 fc1 sc0 ls56 ws55\">the pr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e flu<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>uati<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>s of <span class=\"_ _1\"></span>ea<span class=\"_ _0\"></span>ch ass<span class=\"_ _0\"></span>et clas<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, relati<span class=\"_ _0\"></span>ve to the liabi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>ies th<span class=\"_ _0\"></span>ey sup<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></td></tr></table></div><div class=\"t m2 h21 ff1 fs10 fc2 sc0 ls9c wsa0 gs5e3\">Credit r<span class=\"_ _0\"></span>isk<span class=\"_ _3b2\"> </span></div><div class=\"gs5e4\"><table class=\"s w1c3 h14a\" id=\"_22658d90-8b5c-4267-ad2d-9b0b063d67a3\"><tr><td class=\"c n x1cb y4278 w1bb h12b\"><div class=\"t m2 x1ca h13 y40ef ff5 fs9 fc1 sc0 ls115 ws121\">Principal risks<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5ec y4278 w1bc h12b\"><div class=\"t m2 x1ca h13 y40ef ff5 fs9 fc1 sc0 ls14a ws164\">Segment<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5ed y4278 w1bd h12b\"><div class=\"t m2 x1ca h13 y40ef ff5 fs9 fc1 sc0 ls115 ws121\">Controls to<span class=\"_ _1\"></span> mitigate risks<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 hb y4279 ff5 fs6 fc1 sc0 ls56 ws0\">Bo<span class=\"_ _0\"></span>nd d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>fa<span class=\"_ _0\"></span>ul<span class=\"_ _0\"></span>t an<span class=\"_ _0\"></span>d r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g do<span class=\"_ _0\"></span>wn<span class=\"_ _0\"></span>gr<span class=\"_ _0\"></span>ad<span class=\"_ _0\"></span>e ri<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>k<span class=\"_ _3b2\"> </span></td><td></td><td></td></tr><tr><td class=\"t m2 x206 h1a y427a ff3 fs6 fc1 sc0 ls56 ws0\">A sig<span class=\"_ _0\"></span>nif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>foli<span class=\"_ _0\"></span>o of co<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>rate b<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ds an<span class=\"_ _0\"></span>d co<span class=\"_ _0\"></span>mm<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>l </td><td class=\"t m2 x5ee h1a y427b ff3 fs6 fc1 sc0 ls112 ws1e\">Institu<span class=\"_ _0\"></span>tional Reti<span class=\"_ _0\"></span>remen<span class=\"_ _0\"></span>t </td><td class=\"t m2 x5ef hc y427b ff4 fs6 fc1 sc0 ls56 ws55\">Por<span class=\"_ _3\"></span>tfo<span class=\"_ _0\"></span>lio le<span class=\"_ _0\"></span>vel and sp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ic iss<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span>r limi<span class=\"_ _0\"></span>ts are set by fin<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>l stre<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>th rati<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>, </td></tr><tr><td class=\"t m2 x206 h1a y427c ff3 fs6 fc1 sc0 ls56 ws0\">loa<span class=\"_ _0\"></span>ns ar<span class=\"_ _0\"></span>e he<span class=\"_ _0\"></span>ld to ba<span class=\"_ _0\"></span>ck th<span class=\"_ _0\"></span>e lia<span class=\"_ _0\"></span>bil<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>ris<span class=\"_ _0\"></span>ing f<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>m wri<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g </td><td class=\"t m2 x5ee h1a y427d ff3 fs6 fc1 sc0 ls56 ws0\">and R<span class=\"_ _0\"></span>eta<span class=\"_ _0\"></span>il<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x5ef hc y427d ff4 fs6 fc1 sc0 ls56 ws55\">se<span class=\"_ _0\"></span>ctor an<span class=\"_ _0\"></span>d geo<span class=\"_ _0\"></span>gr<span class=\"_ _0\"></span>ap<span class=\"_ _0\"></span>hic reg<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n to <span class=\"_ _1\"></span>lim<span class=\"_ _0\"></span>it exp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ure to a <span class=\"_ _1\"></span>defa<span class=\"_ _0\"></span>ul<span class=\"_ _0\"></span>t event<span class=\"_ _0\"></span>. Issu<span class=\"_ _0\"></span>er lim<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>s </td></tr><tr><td class=\"t m2 x206 hc y427e ff4 fs6 fc1 sc0 ls56 ws55\">ins<span class=\"_ _0\"></span>ura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e and ann<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s busin<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>s. Wh<span class=\"_ _0\"></span>ils<span class=\"_ _0\"></span>t the po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>foli<span class=\"_ _0\"></span>o is </td><td></td><td class=\"t m2 x5ef hc y427f ff4 fs6 fc1 sc0 ls56 ws55\">are reg<span class=\"_ _0\"></span>ula<span class=\"_ _0\"></span>rl<span class=\"_ _0\"></span>y revie<span class=\"_ _0\"></span>wed to take acc<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nt of chang<span class=\"_ _0\"></span>es in mar<span class=\"_ _0\"></span>ket co<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>s, se<span class=\"_ _0\"></span>cto<span class=\"_ _0\"></span>r </td></tr><tr><td class=\"t m2 x206 hc y4280 ff4 fs6 fc1 sc0 ls56 ws55\">dive<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d, th<span class=\"_ _0\"></span>e asse<span class=\"_ _0\"></span>t class is inh<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ly exp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ed to the risk<span class=\"_ _0\"></span> </td><td></td><td class=\"t m2 x5ef h1a y4281 ff3 fs6 fc1 sc0 ls56 ws0\">pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e and t<span class=\"_ _0\"></span>he re<span class=\"_ _3\"></span>-<span class=\"_ _0\"></span>ass<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt of f<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>l stre<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>th by r<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ng ag<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span> </td></tr><tr><td class=\"t m2 x206 hc y4282 ff4 fs6 fc1 sc0 ls56 ws55\">of issu<span class=\"_ _0\"></span>er defa<span class=\"_ _0\"></span>ult an<span class=\"_ _0\"></span>d ratin<span class=\"_ _0\"></span>g down<span class=\"_ _0\"></span>gra<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>, with th<span class=\"_ _0\"></span>e poss<span class=\"_ _0\"></span>ibi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> </td><td></td><td class=\"t m2 x5ef hc y4283 ff4 fs6 fc1 sc0 ls56 ws55\">and th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p\u2019s own intern<span class=\"_ _0\"></span>al ana<span class=\"_ _0\"></span>lys<span class=\"_ _0\"></span>is. E<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>s are mon<span class=\"_ _0\"></span>itor<span class=\"_ _0\"></span>ed rel<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ve to </td></tr><tr><td class=\"t m2 x206 hc y4284 ff4 fs6 fc1 sc0 ls56 ws55\">of fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial lo<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m2 x5ef hc y4285 ff4 fs6 fc1 sc0 ls56 ws55\">lim<span class=\"_ _0\"></span>its<span class=\"_ _0\"></span>. Fin<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>l instr<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts are also us<span class=\"_ _0\"></span>ed to mitig<span class=\"_ _0\"></span>ate the imp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t of rating<span class=\"_ _0\"></span> </td></tr><tr><td></td><td></td><td class=\"t m2 x5ef hc y4286 ff4 fs6 fc1 sc0 ls56 ws55\">down<span class=\"_ _0\"></span>gr<span class=\"_ _0\"></span>ade<span class=\"_ _0\"></span>s and defa<span class=\"_ _0\"></span>ul<span class=\"_ _0\"></span>ts. If app<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>iate, ac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns are take<span class=\"_ _0\"></span>n to <span class=\"_ _1\"></span>tra<span class=\"_ _0\"></span>de ou<span class=\"_ _0\"></span>t </td></tr><tr><td></td><td></td><td class=\"t m2 x5ef hc y4287 ff4 fs6 fc1 sc0 ls56 ws55\">inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts at risk of defaul<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 hb y4288 ff5 fs6 fc1 sc0 ls12e wsca\">Reinsurance counterparty risk<span class=\"_ _3b2\"> </span></td><td></td><td></td></tr><tr><td class=\"t m2 x206 h1a y4289 ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>osu<span class=\"_ _0\"></span>re to in<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce r<span class=\"_ _0\"></span>isk i<span class=\"_ _0\"></span>s mit<span class=\"_ _0\"></span>iga<span class=\"_ _0\"></span>ted by c<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>ing p<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>t of<span class=\"_ _0\"></span> </td><td class=\"t m2 x5ee h1a y428a ff3 fs6 fc1 sc0 ls112 ws1e\">Institu<span class=\"_ _0\"></span>tional Reti<span class=\"_ _0\"></span>remen<span class=\"_ _0\"></span>t </td><td class=\"t m2 x5ef hc y428a ff4 fs6 fc1 sc0 ls56 ws55\">Wh<span class=\"_ _0\"></span>en se<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ng new rei<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e par<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>rs for its bu<span class=\"_ _0\"></span>sin<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>, the Gr<span class=\"_ _0\"></span>oup co<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span> </td></tr><tr><td class=\"t m2 x206 hc y428b ff4 fs6 fc1 sc0 ls56 ws55\">the<span class=\"_ gs5e1\"> </span>r<span class=\"_ _0\"></span>isk<span class=\"_ _0\"></span>s assu<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>d to <span class=\"_ _1\"></span>the re<span class=\"_ _0\"></span>ins<span class=\"_ _0\"></span>ura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e mar<span class=\"_ _0\"></span>ket. D<span class=\"_ _0\"></span>efaul<span class=\"_ _0\"></span>t of </td><td class=\"t m2 x5ee h1a y428c ff3 fs6 fc1 sc0 ls56 ws0\">and R<span class=\"_ _0\"></span>eta<span class=\"_ _0\"></span>il<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x5ef h1a y428c ff3 fs6 fc1 sc0 ls56 ws0\">onl<span class=\"_ _0\"></span>y co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ies w<span class=\"_ _0\"></span>hic<span class=\"_ _0\"></span>h have a m<span class=\"_ _0\"></span>ini<span class=\"_ _0\"></span>mu<span class=\"_ _0\"></span>m cre<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t rat<span class=\"_ _0\"></span>ing e<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>iva<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>nt to A- u<span class=\"_ _0\"></span>nl<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span> </td></tr><tr><td class=\"t m2 x206 hc y428d ff4 fs6 fc1 sc0 ls56 ws55\">a<span class=\"_ gs5e1\"> </span>rei<span class=\"_ _0\"></span>nsu<span class=\"_ _0\"></span>rer wou<span class=\"_ _0\"></span>ld req<span class=\"_ _0\"></span>uire th<span class=\"_ _0\"></span>e busi<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>ss to be re-<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>kere<span class=\"_ _0\"></span>d </td><td></td><td class=\"t m2 x5ef hc y428e ff4 fs6 fc1 sc0 ls56 ws55\">co<span class=\"_ _0\"></span>llate<span class=\"_ _0\"></span>ral<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d. Fo<span class=\"_ _0\"></span>r each re<span class=\"_ _0\"></span>ins<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>r, <span class=\"_ _1\"></span>exp<span class=\"_ _0\"></span>osu<span class=\"_ _0\"></span>re lim<span class=\"_ _0\"></span>its are de<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ed bas<span class=\"_ _0\"></span>ed on<span class=\"_ _0\"></span> </td></tr><tr><td class=\"t m2 x206 hc y428f ff4 fs6 fc1 sc0 ls56 ws55\">pote<span class=\"_ _0\"></span>ntia<span class=\"_ _0\"></span>lly on le<span class=\"_ _0\"></span>ss adv<span class=\"_ _0\"></span>ant<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>us term<span class=\"_ _0\"></span>s, or for th<span class=\"_ _0\"></span>e risks<span class=\"_ _0\"></span> </td><td></td><td class=\"t m2 x5ef hc y4290 ff4 fs6 fc1 sc0 ls56 ws55\">cre<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t ratin<span class=\"_ _0\"></span>gs and pro<span class=\"_ _0\"></span>je<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d expo<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>re over the ter<span class=\"_ _0\"></span>m of the treat<span class=\"_ _0\"></span>y. Actua<span class=\"_ _0\"></span>l </td></tr><tr><td class=\"t m2 x206 hc y4291 ff4 fs6 fc1 sc0 ls56 ws55\">to<span class=\"_ gs5e1\"> </span>be bor<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>e dire<span class=\"_ _0\"></span>ctl<span class=\"_ _0\"></span>y resul<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng in pos<span class=\"_ _0\"></span>sib<span class=\"_ _0\"></span>le fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>al los<span class=\"_ _0\"></span>s.<span class=\"_ _0\"></span> </td><td></td><td class=\"t m2 x5ef hc y4292 ff4 fs6 fc1 sc0 ls56 ws55\">exp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ures are re<span class=\"_ _0\"></span>gul<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ly mo<span class=\"_ _0\"></span>nito<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d relati<span class=\"_ _0\"></span>ve to these lim<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>s. Si<span class=\"_ _0\"></span>mil<span class=\"_ _0\"></span>arl<span class=\"_ _0\"></span>y, for long<span class=\"_ _0\"></span>evi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y </td></tr><tr><td class=\"t m2 x206 hc y4293 ff4 fs6 fc1 sc0 ls56 ws55\">Th<span class=\"_ _0\"></span>e<span class=\"_ gs5e1\"> </span>Gro<span class=\"_ _0\"></span>up is req<span class=\"_ _0\"></span>uire<span class=\"_ _0\"></span>d to carr<span class=\"_ _3\"></span>y an elem<span class=\"_ _0\"></span>ent of asso<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>ated<span class=\"_ _0\"></span> </td><td></td><td class=\"t m2 x5ef hc y4294 ff4 fs6 fc1 sc0 ls56 ws55\">and cr<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>t ris<span class=\"_ _0\"></span>k synd<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n tra<span class=\"_ _0\"></span>nsa<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>s, th<span class=\"_ _0\"></span>e<span class=\"_ gs5e1\"> </span>Gro<span class=\"_ _0\"></span>up tar<span class=\"_ _0\"></span>get<span class=\"_ _0\"></span>s the use of stro<span class=\"_ _0\"></span>ngl<span class=\"_ _0\"></span>y </td></tr><tr><td class=\"t m2 x206 h1a y4295 ff3 fs6 fc1 sc0 ls56 ws0\">cre<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t ris<span class=\"_ _0\"></span>k ca<span class=\"_ _0\"></span>pi<span class=\"_ _0\"></span>tal o<span class=\"_ _0\"></span>n it<span class=\"_ _0\"></span>s bal<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e sh<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t sh<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>ld th<span class=\"_ _0\"></span>e bu<span class=\"_ _0\"></span>sin<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span> </td><td></td><td class=\"t m2 x5ef hc y4296 ff4 fs6 fc1 sc0 ls56 ws55\">rate<span class=\"_ _0\"></span>d coun<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>par<span class=\"_ _3\"></span>tie<span class=\"_ _0\"></span>s and see<span class=\"_ _0\"></span>ks to<span class=\"_ gs5e1\"> </span>ens<span class=\"_ _0\"></span>ure tha<span class=\"_ _0\"></span>t posi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns are ful<span class=\"_ _0\"></span>ly co<span class=\"_ _0\"></span>llate<span class=\"_ _0\"></span>ral<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d.<span class=\"_ _0\"></span> </td></tr><tr><td class=\"t m2 x206 hc y4297 ff4 fs6 fc1 sc0 ls56 ws55\">not be re<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>kere<span class=\"_ _0\"></span>d on the sam<span class=\"_ _0\"></span>e terms<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m2 x5ef hc y4298 ff4 fs6 fc1 sc0 ls56 ws55\">Th<span class=\"_ _0\"></span>e ade<span class=\"_ _0\"></span>qua<span class=\"_ _0\"></span>cy and qu<span class=\"_ _0\"></span>ali<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ gs5e1\"> </span>of<span class=\"_ gs5e1\"> </span>co<span class=\"_ _0\"></span>lla<span class=\"_ _0\"></span>tera<span class=\"_ _0\"></span>l is subje<span class=\"_ _0\"></span>ct to ongo<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g moni<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g.<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 hb y4299 ff5 fs6 fc1 sc0 ls11c ws25\">Property lending counterparty risk<span class=\"_ _3b2\"> </span></td><td></td><td></td></tr><tr><td class=\"t m2 x206 hc y429a ff4 fs6 fc1 sc0 ls56 ws55\">As par<span class=\"_ _3\"></span>t of <span class=\"_ _1\"></span>ou<span class=\"_ _0\"></span>r asset di<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>sif<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>cat<span class=\"_ _0\"></span>ion st<span class=\"_ _0\"></span>rate<span class=\"_ _0\"></span>gy, we hold<span class=\"_ _0\"></span> </td><td class=\"t m2 x5ee hc y429b ff4 fs6 fc1 sc0 ls113 ws11f\">Asset <span class=\"_ _1\"></span>Management, </td><td class=\"t m2 x5ef h1a y429c ff3 fs6 fc1 sc0 ls56 ws0\">Ea<span class=\"_ _0\"></span>ch p<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ty l<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>ng an<span class=\"_ _0\"></span>d sal<span class=\"_ _0\"></span>e an<span class=\"_ _0\"></span>d le<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>ba<span class=\"_ _0\"></span>ck inv<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt tr<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>sac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n is s<span class=\"_ _0\"></span>ubj<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t </td></tr><tr><td class=\"t m2 x206 hc y429d ff4 fs6 fc1 sc0 ls56 ws55\">pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y le<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>ng and sa<span class=\"_ _0\"></span>le and le<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>ba<span class=\"_ _0\"></span>ck inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts.<span class=\"_ _0\"></span> </td><td class=\"t m2 x5ee h1a y429e ff3 fs6 fc1 sc0 ls112 ws1e\">Institu<span class=\"_ _0\"></span>tional Reti<span class=\"_ _0\"></span>remen<span class=\"_ _0\"></span>t </td><td class=\"t m2 x5ef h1a y429f ff3 fs6 fc1 sc0 ls56 ws0\">to a due d<span class=\"_ _0\"></span>ilig<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ce p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ss to as<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>e cre<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t ris<span class=\"_ _0\"></span>ks im<span class=\"_ _0\"></span>pl<span class=\"_ _0\"></span>ici<span class=\"_ _0\"></span>t in t<span class=\"_ _0\"></span>he tr<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n </td></tr><tr><td class=\"t m2 x206 hc y42a0 ff4 fs6 fc1 sc0 ls56 ws55\">We<span class=\"_ gs5e1\"> </span>are inh<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>ntl<span class=\"_ _0\"></span>y exp<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>d to the risk of defaul<span class=\"_ _0\"></span>t by a </td><td class=\"t m2 x5ee h1a y42a1 ff3 fs6 fc1 sc0 ls56 ws0\">and R<span class=\"_ _0\"></span>eta<span class=\"_ _0\"></span>il<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x5ef hc y42a2 ff4 fs6 fc1 sc0 ls56 ws55\">and co<span class=\"_ _0\"></span>nf<span class=\"_ _0\"></span>ir<span class=\"_ _0\"></span>m that any ris<span class=\"_ _0\"></span>k of <span class=\"_ _1\"></span>defa<span class=\"_ _0\"></span>ul<span class=\"_ _0\"></span>t has bee<span class=\"_ _0\"></span>n app<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>atel<span class=\"_ _0\"></span>y miti<span class=\"_ _0\"></span>gate<span class=\"_ _0\"></span>d. We also </td></tr><tr><td class=\"t m2 x206 hc y42a3 ff4 fs6 fc1 sc0 ls56 ws55\">bo<span class=\"_ _0\"></span>rro<span class=\"_ _0\"></span>wer or tena<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m2 x5ef h1a y42a4 ff3 fs6 fc1 sc0 ls56 ws0\">prote<span class=\"_ _0\"></span>ct o<span class=\"_ _0\"></span>ur i<span class=\"_ _0\"></span>ntere<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s by tak<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g se<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y over t<span class=\"_ _0\"></span>he u<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>lyi<span class=\"_ _0\"></span>ng p<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y as<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>ciate<span class=\"_ _0\"></span>d </td></tr><tr><td></td><td></td><td class=\"t m2 x5ef hc y42a5 ff4 fs6 fc1 sc0 ls56 ws55\">wit<span class=\"_ _0\"></span>h each inve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt tra<span class=\"_ _0\"></span>nsa<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 hb y42a6 ff5 fs6 fc1 sc0 ls11c ws25\">Banking counterparty risk<span class=\"_ _3b2\"> </span></td><td></td><td></td></tr><tr><td class=\"t m2 x206 h1a y42a7 ff3 fs6 fc1 sc0 ls56 ws0\">Th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up i<span class=\"_ _0\"></span>s exp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ed to p<span class=\"_ _0\"></span>otent<span class=\"_ _0\"></span>ial f<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial l<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>s sh<span class=\"_ _0\"></span>oul<span class=\"_ _0\"></span>d </td><td class=\"t m2 x5ee hc y42a8 ff4 fs6 fc1 sc0 ls56 ws55\">Gro<span class=\"_ _0\"></span>up, As<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t </td><td class=\"t m2 x5ef h1a y42a9 ff3 fs6 fc1 sc0 ls56 ws0\">Th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tro<span class=\"_ _0\"></span>ls it<span class=\"_ _0\"></span>s exp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>s to ban<span class=\"_ _0\"></span>ki<span class=\"_ _0\"></span>ng c<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nter<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es an<span class=\"_ _0\"></span>d the i<span class=\"_ _0\"></span>ssu<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> </td></tr><tr><td class=\"t m2 x206 h1a y42aa ff3 fs6 fc1 sc0 ls56 ws0\">ban<span class=\"_ _0\"></span>ks or t<span class=\"_ _0\"></span>he is<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s of f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ial in<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts d<span class=\"_ _0\"></span>efau<span class=\"_ _0\"></span>lt<span class=\"_ _0\"></span> </td><td class=\"t m2 x5ee hc y42ab ff4 fs6 fc1 sc0 ls113 ws11f\">Management, </td><td class=\"t m2 x5ef hc y42ac ff4 fs6 fc1 sc0 ls56 ws55\">of<span class=\"_ gs5e1\"> </span>fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>al ins<span class=\"_ _0\"></span>tru<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts us<span class=\"_ _0\"></span>ing a fra<span class=\"_ _0\"></span>mewo<span class=\"_ _0\"></span>rk of cou<span class=\"_ _0\"></span>nte<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y lim<span class=\"_ _0\"></span>its<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>ese lim<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>s </td></tr><tr><td class=\"t m2 x206 hc y42ad ff4 fs6 fc1 sc0 ls56 ws55\">on<span class=\"_ gs5e1\"> </span>th<span class=\"_ _0\"></span>ei<span class=\"_ _0\"></span>r obli<span class=\"_ _0\"></span>gati<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>s to <span class=\"_ _1\"></span>us<span class=\"_ _0\"></span>. We <span class=\"_ _1\"></span>are also ex<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>sed<span class=\"_ _0\"></span> </td><td class=\"t m2 x5ee h1a y42ae ff3 fs6 fc1 sc0 ls112 ws1e\">Institu<span class=\"_ _0\"></span>tional Reti<span class=\"_ _0\"></span>remen<span class=\"_ _0\"></span>t </td><td class=\"t m2 x5ef h1a y42af ff3 fs6 fc1 sc0 ls56 ws0\">take ac<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nt of th<span class=\"_ _0\"></span>e rel<span class=\"_ _0\"></span>ativ<span class=\"_ _0\"></span>e fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>al st<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>gt<span class=\"_ _0\"></span>h of th<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>unte<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y a<span class=\"_ _0\"></span>s well a<span class=\"_ _0\"></span>s </td></tr><tr><td class=\"t m2 x206 hc y42b0 ff4 fs6 fc1 sc0 ls56 ws55\">to<span class=\"_ gs5e1\"> </span>cou<span class=\"_ _0\"></span>nter<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y ris<span class=\"_ _0\"></span>ks in resp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t of the provi<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span> </td><td class=\"t m2 x5ee h1a y42b1 ff3 fs6 fc1 sc0 ls56 ws0\">and R<span class=\"_ _0\"></span>eta<span class=\"_ _0\"></span>il<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x5ef hc y42b2 ff4 fs6 fc1 sc0 ls56 ws55\">othe<span class=\"_ _0\"></span>r ban<span class=\"_ _0\"></span>k cou<span class=\"_ _0\"></span>nter<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y exp<span class=\"_ _0\"></span>osu<span class=\"_ _0\"></span>res tha<span class=\"_ _0\"></span>t the Grou<span class=\"_ _0\"></span>p<span class=\"_ gs5e1\"> </span>may have<span class=\"_ _0\"></span>. Lim<span class=\"_ _0\"></span>its are su<span class=\"_ _0\"></span>bje<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span> </td></tr><tr><td class=\"t m2 x206 hc y42b3 ff4 fs6 fc1 sc0 ls56 ws55\">of<span class=\"_ gs5e1\"> </span>set<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ gs5e1\"> </span>an<span class=\"_ _0\"></span>d custo<span class=\"_ _0\"></span>dy se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>s.<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m2 x5ef hc y42b4 ff4 fs6 fc1 sc0 ls56 ws55\">to regul<span class=\"_ _0\"></span>ar revi<span class=\"_ _0\"></span>ew wit<span class=\"_ _0\"></span>h actu<span class=\"_ _0\"></span>al exp<span class=\"_ _0\"></span>osu<span class=\"_ _0\"></span>res mo<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>tore<span class=\"_ _0\"></span>d agai<span class=\"_ _0\"></span>nst lim<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>s. Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p </td></tr><tr><td></td><td></td><td class=\"t m2 x5ef hc y42b5 ff4 fs6 fc1 sc0 ls56 ws55\">has<span class=\"_ gs5e1\"> </span>d<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d cri<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>ia for<span class=\"_ gs5e1\"> </span>th<span class=\"_ _0\"></span>e<span class=\"_ gs5e1\"> </span>se<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n of <span class=\"_ _1\"></span>cus<span class=\"_ _0\"></span>tod<span class=\"_ _0\"></span>y and set<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt ser<span class=\"_ _3\"></span>vic<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>. </td></tr><tr><td></td><td></td><td class=\"t m2 x5ef hc y42b6 ff4 fs6 fc1 sc0 ls56 ws55\">Th<span class=\"_ _0\"></span>e<span class=\"_ gs5e1\"> </span>f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ial str<span class=\"_ _0\"></span>eng<span class=\"_ _0\"></span>th of prov<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>rs is reg<span class=\"_ _0\"></span>ula<span class=\"_ _0\"></span>rl<span class=\"_ _0\"></span>y revie<span class=\"_ _0\"></span>wed<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></td></tr></table></div><div class=\"t m2 h21 ff1 fs10 fc2 sc0 lsbf wsdf gs5e5\">L<span class=\"_ _0\"></span>iqu<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y r<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>sk<span class=\"_ _3b2\"> </span></div><div class=\"gs5e6\"><table class=\"s w1c4 h14b\" id=\"_fc272233-e6c4-4222-b978-fc0a3c7ad249\"><tr><td class=\"c n x1cb y42b7 w1bb h11d\"><div class=\"t m2 x1ca h13 y4151 ff5 fs9 fc1 sc0 ls115 ws121\">Principal risks<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5ec y42b7 w1bc h11d\"><div class=\"t m2 x1ca h13 y4151 ff5 fs9 fc1 sc0 ls14a ws164\">Segment<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5ed y42b7 w1bd h11d\"><div class=\"t m2 x1ca h13 y4151 ff5 fs9 fc1 sc0 ls115 ws121\">Controls to<span class=\"_ _1\"></span> mitigate risks<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 hb y42b8 ff6 fs6 fc1 sc0 ls56 ws55\">Co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t even<span class=\"_ _0\"></span>t ris<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span> </td><td></td><td></td></tr><tr><td class=\"t m2 x206 h1a y42b9 ff3 fs6 fc1 sc0 ls56 ws0\">Even<span class=\"_ _0\"></span>ts th<span class=\"_ _0\"></span>at res<span class=\"_ _0\"></span>ult i<span class=\"_ _0\"></span>n liq<span class=\"_ _0\"></span>uid<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y r<span class=\"_ _0\"></span>isk i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>e a pa<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>emi<span class=\"_ _0\"></span>c th<span class=\"_ _0\"></span>at </td><td class=\"t m2 x5ee hc y42ba ff4 fs6 fc1 sc0 ls113 ws11f\">Group,<span class=\"_ _1\"></span> Corporat<span class=\"_ _1\"></span>e </td><td class=\"t m2 x5ef h1a y42ba ff3 fs6 fc1 sc0 ls56 ws0\">Th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up s<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>ks to e<span class=\"_ _0\"></span>nsu<span class=\"_ _0\"></span>re tha<span class=\"_ _0\"></span>t it m<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>ts i<span class=\"_ _0\"></span>ts ob<span class=\"_ _0\"></span>lig<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ons a<span class=\"_ _0\"></span>s the<span class=\"_ _0\"></span>y fall d<span class=\"_ _0\"></span>ue a<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span> </td></tr><tr><td class=\"t m2 x206 h1a y42bb ff3 fs6 fc1 sc0 ls56 ws0\">co<span class=\"_ _0\"></span>uld l<span class=\"_ _0\"></span>ead to s<span class=\"_ _0\"></span>ign<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant<span class=\"_ _0\"></span>ly hi<span class=\"_ _0\"></span>gh<span class=\"_ _0\"></span>er l<span class=\"_ _0\"></span>evel<span class=\"_ _0\"></span>s of cl<span class=\"_ _0\"></span>aim<span class=\"_ _0\"></span>s tha<span class=\"_ _0\"></span>n woul<span class=\"_ _0\"></span>d </td><td class=\"t m2 x5ee h1a y42bc ff3 fs6 fc1 sc0 ls56 ws0\">Inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts an<span class=\"_ _0\"></span>d Ret<span class=\"_ _0\"></span>ail<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x5ef h1a y42bc ff3 fs6 fc1 sc0 ls56 ws0\">avoid<span class=\"_ _0\"></span>s inc<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ng m<span class=\"_ _0\"></span>ater<span class=\"_ _0\"></span>ial l<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ses o<span class=\"_ _0\"></span>n forc<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d ass<span class=\"_ _0\"></span>et s<span class=\"_ _0\"></span>ale<span class=\"_ _0\"></span>s in or<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r to me<span class=\"_ _0\"></span>et th<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>e </td></tr><tr><td class=\"t m2 x206 hc y42bd ff4 fs6 fc1 sc0 ls56 ws55\">no<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>all<span class=\"_ _0\"></span>y be expe<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>, or ext<span class=\"_ _0\"></span>rem<span class=\"_ _0\"></span>e even<span class=\"_ _0\"></span>ts imp<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g the </td><td></td><td class=\"t m2 x5ef hc y42be ff4 fs6 fc1 sc0 ls56 ws55\">obl<span class=\"_ _0\"></span>iga<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>. A limite<span class=\"_ _0\"></span>d level of con<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>nt liqu<span class=\"_ _0\"></span>idi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y risk is<span class=\"_ _0\"></span>, howeve<span class=\"_ _0\"></span>r, <span class=\"_ _1\"></span>an acc<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>ted<span class=\"_ _0\"></span> </td></tr><tr><td class=\"t m2 x206 h1a y42bf ff3 fs6 fc1 sc0 ls56 ws0\">tim<span class=\"_ _0\"></span>ing of c<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>h fl<span class=\"_ _0\"></span>ows or t<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y to rea<span class=\"_ _0\"></span>lise i<span class=\"_ _0\"></span>nves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts </td><td></td><td class=\"t m2 x5ef hc y42c0 ff4 fs6 fc1 sc0 ls56 ws55\">ele<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ent of wri<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>. It is fur<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ore a con<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>que<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e of </td></tr><tr><td class=\"t m2 x206 hc y42c1 ff4 fs6 fc1 sc0 ls56 ws55\">at<span class=\"_ gs5e1\"> </span>a<span class=\"_ gs5e1\"> </span>giv<span class=\"_ _0\"></span>en valu<span class=\"_ _0\"></span>e with<span class=\"_ _0\"></span>in a spe<span class=\"_ _0\"></span>cif<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ed tim<span class=\"_ _0\"></span>efr<span class=\"_ _0\"></span>am<span class=\"_ _0\"></span>e.<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m2 x5ef hc y42c2 ff4 fs6 fc1 sc0 ls56 ws55\">the<span class=\"_ gs5e1\"> </span>m<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>kets in whic<span class=\"_ _0\"></span>h the Gro<span class=\"_ _0\"></span>up op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ates and th<span class=\"_ _0\"></span>e exec<span class=\"_ _0\"></span>uti<span class=\"_ _0\"></span>on of inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span> </td></tr><tr><td></td><td></td><td class=\"t m2 x5ef hc y42c3 ff4 fs6 fc1 sc0 ls56 ws55\">man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ent st<span class=\"_ _0\"></span>rate<span class=\"_ _0\"></span>gie<span class=\"_ _0\"></span>s. Howe<span class=\"_ _0\"></span>ver, the Grou<span class=\"_ _0\"></span>p\u2019s insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce bu<span class=\"_ _0\"></span>sin<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>ses se<span class=\"_ _0\"></span>ek<span class=\"_ _0\"></span> </td></tr><tr><td></td><td></td><td class=\"t m2 x5ef hc y42c4 ff4 fs6 fc1 sc0 ls56 ws55\">to<span class=\"_ gs5e1\"> </span>main<span class=\"_ _0\"></span>tai<span class=\"_ _0\"></span>n suf<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ici<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t liqui<span class=\"_ _0\"></span>d asse<span class=\"_ _0\"></span>ts and sta<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>by facil<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>es to mee<span class=\"_ _0\"></span>t a <span class=\"_ _1\"></span>pr<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span> </td></tr><tr><td></td><td></td><td class=\"t m2 x5ef hc y42c5 ff4 fs6 fc1 sc0 ls56 ws55\">est<span class=\"_ _0\"></span>ima<span class=\"_ _0\"></span>te of <span class=\"_ _1\"></span>the ca<span class=\"_ _0\"></span>sh ou<span class=\"_ _0\"></span>tf<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ows that may ari<span class=\"_ _0\"></span>se fro<span class=\"_ _0\"></span>m cont<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t event<span class=\"_ _0\"></span>s.<span class=\"_ _0\"></span> </td></tr><tr><td></td><td></td><td class=\"t m2 x5ef hc y42c6 ff4 fs6 fc1 sc0 ls56 ws55\">Th<span class=\"_ _0\"></span>e<span class=\"_ gs5e1\"> </span>lev<span class=\"_ _0\"></span>el<span class=\"_ gs5e1\"> </span>of req<span class=\"_ _0\"></span>uir<span class=\"_ _0\"></span>ed liqu<span class=\"_ _0\"></span>idi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y is iden<span class=\"_ _0\"></span>tif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d usin<span class=\"_ _0\"></span>g tech<span class=\"_ _0\"></span>niq<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span>s incl<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>ing st<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>s </td></tr><tr><td></td><td></td><td class=\"t m2 x5ef hc y42c7 ff4 fs6 fc1 sc0 ls56 ws55\">tests for<span class=\"_ gs5e1\"> </span>s<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>ck eve<span class=\"_ _0\"></span>nts an<span class=\"_ _0\"></span>d the prof<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>e of <span class=\"_ _1\"></span>ac<span class=\"_ _0\"></span>tual li<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>d asset<span class=\"_ _0\"></span>s is regul<span class=\"_ _0\"></span>arl<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> </td></tr><tr><td></td><td></td><td class=\"t m2 x5ef hc y42c8 ff4 fs6 fc1 sc0 ls56 ws55\">co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>d to <span class=\"_ _1\"></span>the re<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>red lia<span class=\"_ _0\"></span>bil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y prof<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>e. Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p\u2019s treas<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>y fu<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n </td></tr><tr><td></td><td></td><td class=\"t m2 x5ef hc y42c9 ff4 fs6 fc1 sc0 ls56 ws55\">prov<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>es<span class=\"_ gs5e1\"> </span>for<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>l facil<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>es to other are<span class=\"_ _0\"></span>as of the Grou<span class=\"_ _0\"></span>p to <span class=\"_ _1\"></span>cove<span class=\"_ _0\"></span>r co<span class=\"_ _0\"></span>ntin<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span> </td></tr><tr><td></td><td></td><td class=\"t m2 x5ef h1a y42ca ff3 fs6 fc1 sc0 ls56 ws0\">liqu<span class=\"_ _0\"></span>idi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y re<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts ar<span class=\"_ _0\"></span>isi<span class=\"_ _0\"></span>ng f<span class=\"_ _0\"></span>rom m<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>e ex<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>e eve<span class=\"_ _0\"></span>nts an<span class=\"_ _0\"></span>d wh<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span> </td></tr><tr><td></td><td></td><td class=\"t m2 x5ef hc y42cb ff4 fs6 fc1 sc0 ls56 ws55\">inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ gs5e1\"> </span>ass<span class=\"_ _0\"></span>ets may not be rea<span class=\"_ _0\"></span>dil<span class=\"_ _0\"></span>y realis<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td></td><td class=\"t m2 x5ef h1a y42cc ff3 fs6 fc1 sc0 ls56 ws0\">Th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up h<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>ds c<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ain n<span class=\"_ _0\"></span>on<span class=\"_ _3\"></span>-<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>re as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s in it<span class=\"_ _0\"></span>s Co<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>rate Inv<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts u<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>t </td></tr><tr><td></td><td></td><td class=\"t m2 x5ef hc y42cd ff4 fs6 fc1 sc0 ls56 ws55\">whi<span class=\"_ _0\"></span>ch are avail<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e for disp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>al. Ou<span class=\"_ _0\"></span>r pri<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>pal mi<span class=\"_ _0\"></span>tig<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on aga<span class=\"_ _0\"></span>ins<span class=\"_ _0\"></span>t timi<span class=\"_ _0\"></span>ng or </td></tr><tr><td></td><td></td><td class=\"t m2 x5ef h1a y42ce ff3 fs6 fc1 sc0 ls56 ws0\">valu<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on r<span class=\"_ _0\"></span>isk o<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>ese a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ts is t<span class=\"_ _0\"></span>hat we ar<span class=\"_ _0\"></span>e not a fo<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>ed se<span class=\"_ _0\"></span>ll<span class=\"_ _0\"></span>er \u2013 we h<span class=\"_ _0\"></span>ave </td></tr><tr><td></td><td></td><td class=\"t m2 x5ef h1a y42cf ff3 fs6 fc1 sc0 ls56 ws0\">sig<span class=\"_ _0\"></span>nif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t po<span class=\"_ _0\"></span>ols o<span class=\"_ _0\"></span>f liqu<span class=\"_ _0\"></span>idi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y an<span class=\"_ _0\"></span>d avail<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le ac<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ons a<span class=\"_ _0\"></span>cr<span class=\"_ _0\"></span>oss t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p whi<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span> </td></tr><tr><td></td><td></td><td class=\"t m2 x5ef hc y42d0 ff4 fs6 fc1 sc0 ls56 ws55\">can<span class=\"_ gs5e1\"> </span>b<span class=\"_ _0\"></span>e de<span class=\"_ _0\"></span>ploy<span class=\"_ _0\"></span>ed to manag<span class=\"_ _0\"></span>e the<span class=\"_ _0\"></span>se ris<span class=\"_ _0\"></span>ks.<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 hb y42d1 ff5 fs6 fc1 sc0 ls1 ws23\">Collateral liquidity risk<span class=\"_ _3b2\"> </span></td><td></td><td></td></tr><tr><td class=\"t m2 x206 hc y42d2 ff4 fs6 fc1 sc0 ls56 ws55\">Wi<span class=\"_ _0\"></span>thi<span class=\"_ _0\"></span>n the ann<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s busin<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>s, th<span class=\"_ _0\"></span>e use of fina<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ial<span class=\"_ _0\"></span> </td><td class=\"t m2 x5ee hc y42d3 ff4 fs6 fc1 sc0 ls113 ws11f\">Asset <span class=\"_ _1\"></span>Management, </td><td class=\"t m2 x5ef h1a y42d4 ff3 fs6 fc1 sc0 ls57 ws0\">Th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up s<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>ks to ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>e th<span class=\"_ _0\"></span>e ris<span class=\"_ _0\"></span>k of co<span class=\"_ _0\"></span>lla<span class=\"_ _0\"></span>tera<span class=\"_ _0\"></span>l ca<span class=\"_ _0\"></span>lls by m<span class=\"_ _0\"></span>aint<span class=\"_ _0\"></span>ain<span class=\"_ _0\"></span>ing a p<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ol of<span class=\"_ _0\"></span> </td></tr><tr><td class=\"t m2 x206 hc y42d5 ff4 fs6 fc1 sc0 ls56 ws55\">ins<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s to<span class=\"_ gs5e1\"> </span>hedg<span class=\"_ _0\"></span>e defau<span class=\"_ _0\"></span>lt<span class=\"_ _0\"></span>, inter<span class=\"_ _0\"></span>est ra<span class=\"_ _0\"></span>te, cur<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>ncy an<span class=\"_ _0\"></span>d </td><td class=\"t m2 x5ee h1a y42d6 ff3 fs6 fc1 sc0 ls112 ws1e\">Institu<span class=\"_ _0\"></span>tional Reti<span class=\"_ _0\"></span>remen<span class=\"_ _0\"></span>t </td><td class=\"t m2 x5ef hc y42d7 ff4 fs6 fc1 sc0 ls57 ws2c\">ass<span class=\"_ _0\"></span>ets whic<span class=\"_ _0\"></span>h are eligi<span class=\"_ _0\"></span>ble to be <span class=\"_ _1\"></span>po<span class=\"_ _0\"></span>sted un<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r its vario<span class=\"_ _0\"></span>us coll<span class=\"_ _0\"></span>ater<span class=\"_ _0\"></span>al arr<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts.<span class=\"_ _0\"></span> </td></tr><tr><td class=\"t m2 x206 hc y42d8 ff4 fs6 fc1 sc0 ls56 ws55\">inf<span class=\"_ _0\"></span>lati<span class=\"_ _0\"></span>on ri<span class=\"_ _0\"></span>sks ca<span class=\"_ _0\"></span>n<span class=\"_ gs5e1\"> </span>req<span class=\"_ _0\"></span>uir<span class=\"_ _0\"></span>e the pos<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g of colla<span class=\"_ _0\"></span>tera<span class=\"_ _0\"></span>l with<span class=\"_ _0\"></span> </td><td class=\"t m2 x5ee h1a y42d9 ff3 fs6 fc1 sc0 ls56 ws0\">and R<span class=\"_ _0\"></span>eta<span class=\"_ _0\"></span>il<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x5ef hc y42da ff4 fs6 fc1 sc0 ls57 ws2c\">Th<span class=\"_ _0\"></span>e coll<span class=\"_ _0\"></span>atera<span class=\"_ _0\"></span>l poo<span class=\"_ _0\"></span>l is <span class=\"_ _1\"></span>sized to <span class=\"_ _1\"></span>be abl<span class=\"_ _0\"></span>e to <span class=\"_ _1\"></span>withs<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>nd a <span class=\"_ _1\"></span>ran<span class=\"_ _0\"></span>ge of severe bu<span class=\"_ _0\"></span>t plausi<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>e </td></tr><tr><td class=\"t m2 x206 hc y42db ff4 fs6 fc1 sc0 ls56 ws55\">co<span class=\"_ _0\"></span>unte<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies at<span class=\"_ gs5e1\"> </span>sh<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>t<span class=\"_ gs5e1\"> </span>noti<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m2 x5ef hc y42dc ff4 fs6 fc1 sc0 ls57 ws2c\">str<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, plus an addit<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>al risk<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>bu<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>fer for prud<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>. The Gro<span class=\"_ _0\"></span>up also main<span class=\"_ _0\"></span>tai<span class=\"_ _0\"></span>ns a </td></tr><tr><td></td><td></td><td class=\"t m2 x5ef hc y42dd ff4 fs6 fc1 sc0 ls57 ws2c\">ser<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s of <span class=\"_ _1\"></span>mana<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt acti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>s to <span class=\"_ _1\"></span>miti<span class=\"_ _0\"></span>gate agai<span class=\"_ _0\"></span>nst hig<span class=\"_ _0\"></span>hly<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ever<span class=\"_ _0\"></span>e shoc<span class=\"_ _0\"></span>ks<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 hb y42de ff6 fs6 fc1 sc0 ls56 ws55\">Inve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt li<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y ri<span class=\"_ _0\"></span>sk<span class=\"_ _3b2\"> </span></td><td></td><td></td></tr><tr><td class=\"t m2 x206 hc y42df ff4 fs6 fc1 sc0 ls56 ws55\">Dir<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t len<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>g, sa<span class=\"_ _0\"></span>le and le<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>bac<span class=\"_ _0\"></span>k inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts and lifet<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>e </td><td class=\"t m2 x5ee hc y42e0 ff4 fs6 fc1 sc0 ls113 ws11f\">Asset <span class=\"_ _1\"></span>Management, </td><td class=\"t m2 x5ef h1a y42e1 ff3 fs6 fc1 sc0 ls56 ws0\">Give<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e illi<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>id nat<span class=\"_ _0\"></span>ure of t<span class=\"_ _0\"></span>he an<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y an<span class=\"_ _0\"></span>d oth<span class=\"_ _0\"></span>er l<span class=\"_ _0\"></span>iab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up is a<span class=\"_ _0\"></span>ble a<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span> </td></tr><tr><td class=\"t m2 x206 h1a y42e2 ff3 fs6 fc1 sc0 ls56 ws0\">mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tga<span class=\"_ _0\"></span>ge bu<span class=\"_ _0\"></span>sin<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>s are i<span class=\"_ _0\"></span>nh<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>ntl<span class=\"_ _0\"></span>y ill<span class=\"_ _0\"></span>iqu<span class=\"_ _0\"></span>id for<span class=\"_ _0\"></span>ms of<span class=\"_ _0\"></span> </td><td class=\"t m2 x5ee h1a y42e3 ff3 fs6 fc1 sc0 ls112 ws1e\">Institu<span class=\"_ _0\"></span>tional Reti<span class=\"_ _0\"></span>remen<span class=\"_ _0\"></span>t </td><td class=\"t m2 x5ef hc y42e4 ff4 fs6 fc1 sc0 ls56 ws55\">will<span class=\"_ _0\"></span>ing to take advan<span class=\"_ _0\"></span>tag<span class=\"_ _0\"></span>e of the prem<span class=\"_ _0\"></span>ium of<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>d by illiq<span class=\"_ _0\"></span>uid ass<span class=\"_ _0\"></span>ets<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p, </td></tr><tr><td class=\"t m2 x206 hc y42e5 ff4 fs6 fc1 sc0 ls56 ws55\">inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t, wit<span class=\"_ _0\"></span>h limi<span class=\"_ _0\"></span>ted se<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y ma<span class=\"_ _0\"></span>rket<span class=\"_ _0\"></span>s to <span class=\"_ _1\"></span>real<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span> </td><td class=\"t m2 x5ee h1a y42e6 ff3 fs6 fc1 sc0 ls56 ws0\">and R<span class=\"_ _0\"></span>eta<span class=\"_ _0\"></span>il<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x5ef hc y42e7 ff4 fs6 fc1 sc0 ls56 ws55\">howev<span class=\"_ _0\"></span>er, sets limi<span class=\"_ _0\"></span>ts on the over<span class=\"_ _0\"></span>all exp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ure to illiq<span class=\"_ _0\"></span>uid inve<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts tak<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g </td></tr><tr><td class=\"t m2 x206 hc y42e8 ff4 fs6 fc1 sc0 ls56 ws55\">the<span class=\"_ gs5e1\"> </span>v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e of assets ou<span class=\"_ _0\"></span>tsi<span class=\"_ _0\"></span>de agr<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>d rede<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n term<span class=\"_ _0\"></span>s.<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m2 x5ef hc y42e9 ff4 fs6 fc1 sc0 ls56 ws55\">acc<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>unt of the natu<span class=\"_ _0\"></span>re and t<span class=\"_ _0\"></span>yp<span class=\"_ _0\"></span>e of liabili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es that th<span class=\"_ _0\"></span>e asset<span class=\"_ _0\"></span>s are held to mee<span class=\"_ _0\"></span>t.<span class=\"_ _3b2\"> </span></td></tr></table></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs5e7\">As at 31 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>24, the G<span class=\"_ _0\"></span>roup had \u00a3<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>,757m (2023<span class=\"_ _0\"></span>: \u00a34,<span class=\"_ _0\"></span>23<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>m) <span class=\"_ _1\"></span>of cash and c<span class=\"_ _0\"></span>ash eq<span class=\"_ _0\"></span>uival<span class=\"_ _0\"></span>ents in sh<span class=\"_ _0\"></span>areh<span class=\"_ _0\"></span>old<span class=\"_ _0\"></span>er fu<span class=\"_ _0\"></span>nds an<span class=\"_ _0\"></span>d a \u00a31<span class=\"_ _1\"></span>.5bn sy<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>cated<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs5e8\">co<span class=\"_ _0\"></span>mmi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ted revolv<span class=\"_ _0\"></span>ing cr<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>t facili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y in plac<span class=\"_ _0\"></span>e, provi<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d by a numbe<span class=\"_ _0\"></span>r of its key relations<span class=\"_ _0\"></span>hip ban<span class=\"_ _0\"></span>ks, ma<span class=\"_ _0\"></span>turi<span class=\"_ _0\"></span>ng in Augu<span class=\"_ _0\"></span>st 20<span class=\"_ _0\"></span>29.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 he ff1 fs8 fc2 sc0 lsab wsb1 gs6e0\">16<span class=\"ls26 ws93\">.<span class=\"_ _d\"> </span>Ma<span class=\"_ _0\"></span>rket r<span class=\"_ _0\"></span>isk<span class=\"_ _3b2\"> </span></span></div><div class=\"t m2 h21 ff1 fs10 fc2 sc0 ls77 ws0 gs6e1\">(i<span class=\"_ _1\"></span>)<span class=\"_ _154\"> </span>Invest<span class=\"_ _0\"></span>ment per<span class=\"_ _0\"></span>forma<span class=\"_ _0\"></span>nce r<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>k<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h15 ff1 fs5 fc2 sc0 ls4d ws57 gs6e2\">(<span class=\"_ _1\"></span>a) <span class=\"_ _4f\"> </span>Equ<span class=\"_ _0\"></span>it<span class=\"_ _3\"></span>y se<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs6e3\">Th<span class=\"_ _0\"></span>e Group c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ols its ex<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>ure to geog<span class=\"_ _0\"></span>rap<span class=\"_ _0\"></span>hic pr<span class=\"_ _0\"></span>ice r<span class=\"_ _0\"></span>isks by using in<span class=\"_ _0\"></span>terna<span class=\"_ _0\"></span>l coun<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>y ris<span class=\"_ _0\"></span>k expo<span class=\"_ _0\"></span>sure lim<span class=\"_ _0\"></span>its<span class=\"_ _0\"></span>. The<span class=\"_ _0\"></span>se exp<span class=\"_ _0\"></span>osur<span class=\"_ _0\"></span>e limits are ba<span class=\"_ _0\"></span>sed on<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs6e4\">mac<span class=\"_ _0\"></span>roe<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>no<span class=\"_ _0\"></span>mic dat<span class=\"_ _0\"></span>a and key qualit<span class=\"_ _0\"></span>ative ind<span class=\"_ _0\"></span>icato<span class=\"_ _0\"></span>rs. T<span class=\"_ _0\"></span>he lat<span class=\"_ _0\"></span>ter take into acc<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nt ec<span class=\"_ _0\"></span>ono<span class=\"_ _0\"></span>mic<span class=\"_ _0\"></span>, so<span class=\"_ _0\"></span>cial an<span class=\"_ _0\"></span>d poli<span class=\"_ _0\"></span>tic<span class=\"_ _0\"></span>al enviro<span class=\"_ _0\"></span>nm<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e tabl<span class=\"_ _0\"></span>e below<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs6e5\">indi<span class=\"_ _0\"></span>cates the G<span class=\"_ _0\"></span>roup\u2019s exp<span class=\"_ _0\"></span>osure to dif<span class=\"_ _0\"></span>feren<span class=\"_ _0\"></span>t equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y market<span class=\"_ _0\"></span>s aroun<span class=\"_ _0\"></span>d the worl<span class=\"_ _0\"></span>d. Un<span class=\"_ _0\"></span>it linke<span class=\"_ _0\"></span>d equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y investm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s are exclud<span class=\"_ _0\"></span>ed fro<span class=\"_ _0\"></span>m the tabl<span class=\"_ _0\"></span>e as the </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs6e6\">risk<span class=\"_ gsec\"> </span>is ret<span class=\"_ _0\"></span>aine<span class=\"_ _0\"></span>d by the pol<span class=\"_ _0\"></span>icy<span class=\"_ _0\"></span>hol<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"gs6e7\"><table class=\"s w15d h162\" id=\"_8b92b143-de7b-4e80-a935-b7e5e566eaeb\"><tr><td></td><td class=\"t m2 x1c6 h13 y438d ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y438d ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 h13 y438e ff5 fs9 fc1 sc0 ls18 ws0\">E<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>re t<span class=\"_ _0\"></span>o wor<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>dw<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>e eq<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y m<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ke<span class=\"_ _0\"></span>ts<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 h13 y438e ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y438e ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y416c w250 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls11e ws5c\">United Kingdom<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x22f y416c w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">75<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x20a y416c w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">130<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y433b w251 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls113 ws5b\">North America<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x903 y433b w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">298<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x233 y433b w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">231<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y416e w252 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">Europe<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x904 y416e w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">187<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1ed y416e w4b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">326<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y417f w253 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws118\">Japan<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x905 y417f w59 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">8<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x906 y417f w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">10<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4170 w254 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10e ws54\">Asia Pacific<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x65a y4170 w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">73<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x907 y4170 w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">74<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4180 w141 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 lsea ws122\">Othe<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x908 y4180 w70 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">37<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x360 y4180 w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">31<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4181 w255 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls11e ws5c\">Listed equities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x209 y4181 w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">678<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x20a y4181 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">802<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y4183 w15b h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">Unlisted equities</div><div class=\"t m2 x4ee h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x420 y4183 w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">988<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x421 y4183 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">958<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y4122 w256 h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Holdings in unit trusts</div><div class=\"t m2 x909 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3c6 y4158 w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,282<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3c7 y4158 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,406<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w156 h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws23\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> equities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1e9 y40ae w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,948<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1ea y40ae w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,166<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs6e8\">1.<span class=\"_ _1d\"> </span>Un<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d eq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e sp<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>t b<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n \u00a3<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>m (2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>23<span class=\"_ _0\"></span>: \u00a35<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>2m) U<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d K<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>do<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>, \u00a3<span class=\"_ _0\"></span>36<span class=\"_ _0\"></span>9m (2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>23<span class=\"_ _0\"></span>: \u00a3<span class=\"_ _0\"></span>319m) Eu<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>e an<span class=\"_ _0\"></span>d \u00a3175<span class=\"_ _0\"></span>m (20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3: \u00a35<span class=\"_ _0\"></span>7m) N<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>th A<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs6e9\">2.<span class=\"_ _1d\"> </span>Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d P<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>hi<span class=\"_ _0\"></span>ps a<span class=\"_ _0\"></span>re i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d wi<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>in H<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ld<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>gs i<span class=\"_ _0\"></span>n u<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>t tr<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h15 ff1 fs5 fc2 sc0 ls18 ws0 gs6ea\">(b) <span class=\"_ _7\"> </span>D<span class=\"_ _0\"></span>ebt s<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>rit<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs6eb\">Th<span class=\"_ _0\"></span>e Group c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ols its ex<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>ure to geog<span class=\"_ _0\"></span>rap<span class=\"_ _0\"></span>hic pr<span class=\"_ _0\"></span>ice r<span class=\"_ _0\"></span>isks by using in<span class=\"_ _0\"></span>terna<span class=\"_ _0\"></span>l coun<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>y cre<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t rating<span class=\"_ _0\"></span>s. Th<span class=\"_ _0\"></span>ese rat<span class=\"_ _0\"></span>ings are bas<span class=\"_ _0\"></span>ed on ma<span class=\"_ _0\"></span>cro<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>omi<span class=\"_ _0\"></span>c </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs6ec\">data and key qual<span class=\"_ _0\"></span>itati<span class=\"_ _0\"></span>ve indi<span class=\"_ _0\"></span>cator<span class=\"_ _0\"></span>s. Th<span class=\"_ _0\"></span>e lat<span class=\"_ _0\"></span>ter take into acco<span class=\"_ _0\"></span>unt e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>no<span class=\"_ _0\"></span>mic<span class=\"_ _0\"></span>, soc<span class=\"_ _0\"></span>ial and po<span class=\"_ _0\"></span>liti<span class=\"_ _0\"></span>cal e<span class=\"_ _0\"></span>nviro<span class=\"_ _0\"></span>nme<span class=\"_ _0\"></span>nts<span class=\"_ _0\"></span>. The ta<span class=\"_ _0\"></span>ble be<span class=\"_ _0\"></span>low ind<span class=\"_ _0\"></span>icates th<span class=\"_ _0\"></span>e </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs6ed\">Grou<span class=\"_ _0\"></span>p\u2019s<span class=\"_ gsec\"> </span>expos<span class=\"_ _0\"></span>ure to diffe<span class=\"_ _0\"></span>rent de<span class=\"_ _0\"></span>bt se<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y mar<span class=\"_ _0\"></span>kets arou<span class=\"_ _0\"></span>nd the wor<span class=\"_ _0\"></span>ld. U<span class=\"_ _0\"></span>nit lin<span class=\"_ _0\"></span>ked deb<span class=\"_ _0\"></span>t secu<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ties are excl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>d from th<span class=\"_ _0\"></span>e table as th<span class=\"_ _0\"></span>e risk </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs6ee\">is<span class=\"_ gsec\"> </span>retai<span class=\"_ _0\"></span>ned<span class=\"_ gsec\"> </span>by th<span class=\"_ _0\"></span>e poli<span class=\"_ _0\"></span>cy<span class=\"_ _0\"></span>hol<span class=\"_ _0\"></span>der.<span class=\"_ _3b2\"> </span></div><div class=\"gs6ef\"><table class=\"s w257 h163\" id=\"_f3eda4b1-7ba6-4270-ac3d-3fca002421bb\"><tr><td></td><td class=\"t m2 x1c6 h13 y438f ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y438f ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x1c6 h13 y4390 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y4390 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 h13 y4391 ff5 fs9 fc1 sc0 ls1 ws16\">T<span class=\"_ _1\"></span>otal debt securities </td><td class=\"t m2 x1c8 h13 y4391 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y4391 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y40b8 w250 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">United Kingdom<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x57c y40b8 w2f h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">40,992<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3bf y40b8 wd3 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">37,273<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40b9 w258 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls52 ws12a\">USA<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x90a y40b9 w2f h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">30,347<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x515 y40b9 w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">29,012<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y416a w259 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 lsea ws122\">Netherlan<span class=\"_ _0\"></span>ds<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x250 y416a w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,934<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x251 y416a w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,206<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y42f1 w25a h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">Fran<span class=\"_ _0\"></span>ce<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1e7 y42f1 w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,521<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1e8 y42f1 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,397<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y416c w25b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">Germany<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1f8 y416c w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">413<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1f9 y416c w4b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">277<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 hc y4392 ff4 fs6 fc1 sc0 ls114 ws120\">GIIPS<span class=\"_ _0\"></span>: </td><td></td><td></td></tr><tr><td class=\"c n x1cb y4315 w25c h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">- Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1d2 y4315 w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,915<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1d3 y4315 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,066<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y417f w25d h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">- Ita<span class=\"_ _0\"></span>ly<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3c8 y417f w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">115<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x90b y417f w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">68<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4170 w25e h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">- Sp<span class=\"_ _0\"></span>ain<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x209 y4170 w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">214<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x20a y4170 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">246<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4180 w25f h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls149 ws1bc\">Belgium<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x209 y4180 w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">280<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x20a y4180 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">504<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y419a w260 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Res<span class=\"_ _0\"></span>t of Eur<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x250 y419a w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,895<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x251 y419a w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,998<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w261 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Res<span class=\"_ _0\"></span>t of Wor<span class=\"_ _0\"></span>ld<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x811 y4121 w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">6,494<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x812 y4121 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">6,229<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y4184 w262 h126\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls130 ws12a\">Coll<span class=\"_ _0\"></span>ateralised d<span class=\"_ _0\"></span>ebt obli<span class=\"_ _0\"></span>gations</div><div class=\"t m2 x90c h5a y4138 ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x423 y4122 w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">52<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x424 y4122 w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">54<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w21b h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws0\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x57c y40ae w2f h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">87,172<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3bf y40ae wd3 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">81,330<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs6f0\">1.<span class=\"_ _1d\"> </span>Al<span class=\"_ _0\"></span>l C<span class=\"_ _0\"></span>DO<span class=\"_ _0\"></span>s of \u00a3<span class=\"_ _0\"></span>52<span class=\"_ _0\"></span>m (20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3: \u00a3<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>m) are d<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>d i<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e Re<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t of Wo<span class=\"_ _0\"></span>rl<span class=\"_ _0\"></span>d.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h15 ff1 fs5 fc2 sc0 ls18 ws0 gs6f2\">(<span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>) <span class=\"_ _4c\"> </span>Add<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>iona<span class=\"_ _3\"></span>l di<span class=\"_ _0\"></span>sclos<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>res on s<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>holder s<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s ex<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>re<span class=\"_ _3b2\"> </span></div><div class=\"gs6f3\"><table class=\"s w263 h164\" id=\"_bd0bdd7d-996c-467f-ba87-e33b53601760\"><tr><td></td><td></td><td class=\"t m0 x430 h13 y4393 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x431 h13 y4393 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c6 hf y4393 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c7 hf y4393 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x432 h13 y4394 ff5 fs9 fc1 sc0 ls1 ws0\">\u00a3m </td><td class=\"t m0 x499 h13 y4394 ff5 fs9 fc1 sc0 ls1 ws0\">%<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c8 hf y4394 ff3 fs9 fc1 sc0 ls1 ws0\">\u00a3m </td><td class=\"t m0 x581 h10 y4394 ff4 fs9 fc1 sc0 ls1 ws0\">%<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y4395 w264 h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">So<span class=\"_ _0\"></span>vere<span class=\"_ _0\"></span>ig<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>, supr<span class=\"_ _0\"></span>as and sub<span class=\"_ _3\"></span>-s<span class=\"_ _0\"></span>over<span class=\"_ _0\"></span>eig<span class=\"_ _0\"></span>ns<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x90d y4395 w2f h116\"><div class=\"t m0 x1ca hc y4084 ff6 fs6 fc1 sc0 ls56 ws55\">17,682<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x90e y4395 w7b h116\"><div class=\"t m0 x1ca hc y4084 ff5 fs6 fc1 sc0 ls56 ws55\">20<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x90f y4395 w3e h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">11,869<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x910 y4395 w39 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls56 ws55\">15<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 hc y4396 ff4 fs6 fc1 sc0 ls114 ws120\">Banks:<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4397 w114 h116\"><div class=\"t m0 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y4397 w265 h116\"><div class=\"t m0 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls56 ws0\">Ti<span class=\"_ _0\"></span>er 1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x911 y4397 wa5 h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x912 y4397 wa5 h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x653 y4397 w39 h116\"><div class=\"t m0 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls56 ws55\">21<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x77d y4397 wbf h116\"><div class=\"t m0 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4398 w114 h116\"><div class=\"t m0 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y4398 w266 h116\"><div class=\"t m0 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls56 ws0\">Ti<span class=\"_ _0\"></span>er 2 a<span class=\"_ _0\"></span>nd ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r sub<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>ated<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x913 y4398 w7b h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls56 ws55\">75<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x914 y4398 wa5 h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x599 y4398 w42 h116\"><div class=\"t m0 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls56 ws55\">125<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x915 y4398 wbd h116\"><div class=\"t m0 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4399 w114 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y4399 w267 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws1bc\">Seni<span class=\"_ _0\"></span>or<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x916 y4399 w36 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">6,771<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x917 y4399 w59 h118\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws0\">8<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x918 y4399 w37 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">6,751<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x919 y4399 w75 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">8<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y439a w114 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y439a w268 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls94 ws99\">Cove<span class=\"_ _0\"></span>red<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x91a y439a w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">212<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x91b y439a wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x91c y439a w42 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">106<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x91d y439a wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 hc y439b ff4 fs6 fc1 sc0 ls10a ws118\" colspan=\"2\">Financial services:<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y439c w114 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y439c w266 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Ti<span class=\"_ _0\"></span>er 2 a<span class=\"_ _0\"></span>nd ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r sub<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>ated<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x91e y439c w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">158<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x914 y439c wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x599 y439c w42 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">158<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x915 y439c wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y439d w114 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y439d w267 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws1bc\">Seni<span class=\"_ _0\"></span>or<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x916 y439d w36 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,740<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x917 y439d w59 h118\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x918 y439d w37 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,146<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x919 y439d w75 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 hc y439e ff4 fs6 fc1 sc0 lsea ws122\">Insurance:<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4161 w114 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y4161 w265 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Ti<span class=\"_ _0\"></span>er 1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x911 y4161 wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x912 y4161 wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x91f y4161 w75 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">9<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x920 y4161 wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y439f w114 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y439f w266 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Ti<span class=\"_ _0\"></span>er 2 a<span class=\"_ _0\"></span>nd ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r sub<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>ated<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x91e y439f w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">224<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x914 y439f wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x599 y439f w42 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">238<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x915 y439f wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4163 w114 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y4163 w267 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls149 ws1bc\">Seni<span class=\"_ _0\"></span>or<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x921 y4163 w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">956<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x922 y4163 w59 h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x923 y4163 w42 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">988<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x924 y4163 w50 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 hc y43a0 ff4 fs6 fc1 sc0 ls56 ws55\" colspan=\"2\">Co<span class=\"_ _0\"></span>nsu<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>r ser<span class=\"_ _3\"></span>vic<span class=\"_ _0\"></span>es and go<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>s:<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y430e w114 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y430e w269 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls130 ws1a1\">Cyc<span class=\"_ _0\"></span>lical<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x76b y430e w36 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,642<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x76c y430e w59 h118\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x918 y430e w37 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,109<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x919 y430e w75 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40b6 w114 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y40b6 w26a h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws11c\">Non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>cyclical<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x76b y40b6 w36 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">6,347<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x76c y40b6 w59 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x918 y40b6 w37 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">7,313<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x919 y40b6 w75 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">9<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4168 w114 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y4168 w26b h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls12c ws140\">Heal<span class=\"_ _0\"></span>thc<span class=\"_ _0\"></span>are<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x925 y4168 w36 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,223<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6cc y4168 w59 h118\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x926 y4168 w37 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,441<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x927 y4168 w75 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 hc y43a1 ff4 fs6 fc1 sc0 ls10e ws11c\" colspan=\"2\">Infrastructure: </td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y40b9 w114 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y40b9 w26c h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1f ws24\">So<span class=\"_ _0\"></span>cial<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x76b y40b9 w36 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">6,875<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x76c y40b9 w59 h118\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws0\">8<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x918 y40b9 w37 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">6,524<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x919 y40b9 w75 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">8<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ba w114 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y40ba w26d h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls12e ws142\">Economic<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x928 y40ba w36 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">6,029<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x929 y40ba wa8 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x92a y40ba w30 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5,610<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3d3 y40ba w50 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y42f1 w26e h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">T<span class=\"_ _1\"></span>echnology a<span class=\"_ _1\"></span>nd telecoms<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x92b y42f1 w36 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">4,103<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x92c y42f1 wa8 h118\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws0\">5<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x92d y42f1 w30 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">4,829<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8da y42f1 w50 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">6<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y43a2 w26f h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 lsea ws122\">Industrials<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x5a6 y43a2 w36 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,576<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x764 y43a2 w59 h118\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x92e y43a2 w37 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,328<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x92f y43a2 w75 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40bd w270 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls112 ws6\">Utili<span class=\"_ _0\"></span>ties<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x5a6 y40bd w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">9,288<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x77b y40bd w7b h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">11<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x930 y40bd w3e h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">10,464<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3dc y40bd w39 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">13<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4315 w271 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls12e ws142\">Energy<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x931 y4315 w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,063<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x932 y4315 w59 h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x933 y4315 w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,597<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x934 y4315 w75 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y417f w272 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws118\">Commodi<span class=\"_ _0\"></span>ties<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x935 y417f w4a h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">814<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x936 y417f wa8 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x937 y417f w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">885<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x938 y417f w75 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41dd w273 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Oil a<span class=\"_ _0\"></span>nd g<span class=\"_ _0\"></span>as<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x939 y41dd w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,497<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x2db y41dd w59 h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x93a y41dd w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,517<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x93b y41dd w75 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c1 w274 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls14f ws118\">Rea<span class=\"_ _0\"></span>l e<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ate<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x93c y40c1 w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">4,497<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x93d y40c1 wa8 h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws0\">5<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x79b y40c1 w30 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">4,451<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x93e y40c1 w50 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">5<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y419a w275 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls12e wsca\">Structured<span class=\"_ _1\"></span> finance ABS/RMBS/CMBS/Other<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x93f y419a w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">4,487<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x940 y419a wa8 h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws0\">5<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x941 y419a w30 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,031<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x2b6 y419a w50 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w276 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls113 ws5b\">Lifet<span class=\"_ _1\"></span>ime mortgage<span class=\"_ _1\"></span> loans<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x92b y4121 w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">5,861<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x92c y4121 wa8 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x92d y4121 w30 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5,766<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8da y4121 w50 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4184 w277 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls130 ws12a\">Coll<span class=\"_ _0\"></span>ateralised d<span class=\"_ _0\"></span>ebt obli<span class=\"_ _0\"></span>gations<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x913 y4184 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">52<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x914 y4184 wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x942 y4184 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">54<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x943 y4184 wbf h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w21b h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws0\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x862 y40ae w2f h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">87,172<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x944 y40ae w4a h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">100<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x945 y40ae w3e h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">81,330<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4dc y40ae w42 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">100<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"gs6f4\"><table class=\"s w164 h165\" id=\"_42e1da9b-29a2-4ef5-99fb-c48fa05a8229\"><tr><td></td><td class=\"t m0 x1c6 h13 y43a3 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c7 hf y43a3 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 h13 y43a4 ff6 fs9 fc1 sc0 ls18 ws32\">An<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>ys<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s of sove<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>ig<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>s, su<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d sub<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>sove<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ei<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>ns<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c8 h13 y43a4 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 hf y43a4 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 hb y43a5 ff6 fs6 fc1 sc0 ls56 ws55\">Ma<span class=\"_ _0\"></span>rke<span class=\"_ _0\"></span>t val<span class=\"_ _0\"></span>ue by re<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>on<span class=\"_ _3b2\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4304 w250 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">United Kingdom<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x57c y4304 w2f h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">13,298<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1d3 y4304 w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">8,790<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40be w258 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls52 ws12a\">USA<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x250 y40be w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,528<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x251 y40be w30 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,696<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y43a6 w259 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 lsea ws122\">Netherlan<span class=\"_ _0\"></span>ds<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x56b y43a6 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">29<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x946 y43a6 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">40<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y418c w25a h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">Fran<span class=\"_ _0\"></span>ce<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x209 y418c w4a h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">377<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x230 y418c w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">52<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4180 w25b h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">Germany<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1f8 y4180 w4a h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">123<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x907 y4180 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">84<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4182 w278 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x429 y4182 w4a h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">426<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x42a y4182 w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">425<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4183 w260 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Res<span class=\"_ _0\"></span>t of Eur<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x947 y4183 w4a h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">324<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x655 y4183 w4b h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">248<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4122 w261 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Res<span class=\"_ _0\"></span>t of Wor<span class=\"_ _0\"></span>ld<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x948 y4122 w4a h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">577<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x949 y4122 w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">534<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w21b h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws0\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x256 y40ae w93 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">17,682<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x257 y40ae w3e h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">11,869<span class=\"_ _3b2\"> </span></div></td></tr></table></div>(<span class=\"_ _1\"></span>ii) <span class=\"_ _36\"> </span>Currenc<span class=\"_ _0\"></span>y risk<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p has mi<span class=\"_ _0\"></span>nima<span class=\"_ _0\"></span>l exp<span class=\"_ _0\"></span>osure to cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>y risk f<span class=\"_ _0\"></span>rom f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al ins<span class=\"_ _0\"></span>tru<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts he<span class=\"_ _0\"></span>ld by bu<span class=\"_ _0\"></span>sine<span class=\"_ _0\"></span>ss uni<span class=\"_ _0\"></span>ts in c<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>ies ot<span class=\"_ _0\"></span>her t<span class=\"_ _0\"></span>han th<span class=\"_ _0\"></span>eir f<span class=\"_ _0\"></span>unc<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cie<span class=\"_ _0\"></span>s, ne<span class=\"_ _0\"></span>arl<span class=\"_ _0\"></span>y all such ho<span class=\"_ _0\"></span>ldi<span class=\"_ _0\"></span>ngs are ei<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r back<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g insur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts in the sa<span class=\"_ _0\"></span>me cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cy or are he<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>ed bac<span class=\"_ _0\"></span>k to GBP<span class=\"_ _4\"></span>. Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p op<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>tes intern<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>nall<span class=\"_ _0\"></span>y and as a re<span class=\"_ _0\"></span>sul<span class=\"_ _0\"></span>t is exp<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>d to foreign c<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cy exch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e risk a<span class=\"_ _0\"></span>risin<span class=\"_ _0\"></span>g fro<span class=\"_ _0\"></span>m fl<span class=\"_ _0\"></span>uct<span class=\"_ _0\"></span>uatio<span class=\"_ _0\"></span>ns in exc<span class=\"_ _0\"></span>han<span class=\"_ _0\"></span>ge rates of vari<span class=\"_ _0\"></span>ous cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>es. T<span class=\"_ _0\"></span>he larg<span class=\"_ _0\"></span>est U<span class=\"_ _0\"></span>nited S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ates dolla<span class=\"_ _0\"></span>r cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cy exp<span class=\"_ _0\"></span>osure<span class=\"_ _0\"></span>s relate to the Group\u2019s US bus<span class=\"_ _0\"></span>ines<span class=\"_ _0\"></span>s, Le<span class=\"_ _0\"></span>gal &amp; Ge<span class=\"_ _0\"></span>ner<span class=\"_ _0\"></span>al Am<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ica<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e major<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> of curre<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>y expos<span class=\"_ _0\"></span>ures rel<span class=\"_ _0\"></span>ating to euro<span class=\"_ _0\"></span>s are held by LGIM Man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>rs (Eu<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>e) <span class=\"_ _1\"></span>Lim<span class=\"_ _0\"></span>ited<span class=\"_ _0\"></span>, a subsid<span class=\"_ _0\"></span>iar<span class=\"_ _0\"></span>y of L&amp;<span class=\"_ _0\"></span>G \u2013 Ass<span class=\"_ _0\"></span>et Man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt Lim<span class=\"_ _0\"></span>ited<span class=\"_ _0\"></span>. The<span class=\"_ _0\"></span> Grou<span class=\"_ _0\"></span>p do<span class=\"_ _0\"></span>es not h<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>ge fore<span class=\"_ _0\"></span>ign cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>y revenu<span class=\"_ _0\"></span>es as th<span class=\"_ _0\"></span>ese a<span class=\"_ _0\"></span>re subs<span class=\"_ _0\"></span>tan<span class=\"_ _0\"></span>tially r<span class=\"_ _0\"></span>etain<span class=\"_ _0\"></span>ed l<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>ally to su<span class=\"_ _0\"></span>pp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>he grow<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h of the G<span class=\"_ _0\"></span>roup\u2019s bus<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>ss and<span class=\"_ _0\"></span> me<span class=\"_ _0\"></span>et lo<span class=\"_ _0\"></span>cal reg<span class=\"_ _0\"></span>ulator<span class=\"_ _3\"></span>y and mar<span class=\"_ _0\"></span>ket requir<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nts<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Busi<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>ses aim to mainta<span class=\"_ _0\"></span>in suf<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ici<span class=\"_ _0\"></span>ent ass<span class=\"_ _0\"></span>ets in lo<span class=\"_ _0\"></span>cal cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>y to meet lo<span class=\"_ _0\"></span>cal cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>ncy lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>, however m<span class=\"_ _0\"></span>oveme<span class=\"_ _0\"></span>nts may imp<span class=\"_ _0\"></span>act th<span class=\"_ _0\"></span>e value of the Grou<span class=\"_ _0\"></span>p\u2019s consol<span class=\"_ _0\"></span>idated shar<span class=\"_ _0\"></span>eho<span class=\"_ _0\"></span>lde<span class=\"_ _0\"></span>rs\u2019 eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y whic<span class=\"_ _0\"></span>h is expresse<span class=\"_ _0\"></span>d in sterlin<span class=\"_ _0\"></span>g. This asp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t of <span class=\"_ _1\"></span>foreig<span class=\"_ _0\"></span>n exchang<span class=\"_ _0\"></span>e risk is monitore<span class=\"_ _0\"></span>d and manag<span class=\"_ _0\"></span>ed ce<span class=\"_ _0\"></span>ntral<span class=\"_ _0\"></span>ly, again<span class=\"_ _0\"></span>st pre<span class=\"_ _0\"></span>-<span class=\"_ _3\"></span>deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ed limi<span class=\"_ _0\"></span>ts. Th<span class=\"_ _0\"></span>ese expo<span class=\"_ _0\"></span>sure<span class=\"_ _0\"></span>s are manage<span class=\"_ _0\"></span>d by <span class=\"_ _1\"></span>align<span class=\"_ _0\"></span>ing the dep<span class=\"_ _0\"></span>loy<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t of <span class=\"_ _1\"></span>regu<span class=\"_ _0\"></span>lator<span class=\"_ _0\"></span>y cap<span class=\"_ _0\"></span>ita<span class=\"_ _0\"></span>l by <span class=\"_ _1\"></span>cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cy with the Grou<span class=\"_ _0\"></span>p\u2019s <span class=\"_ _1\"></span>reg<span class=\"_ _0\"></span>ulator<span class=\"_ _3\"></span>y cap<span class=\"_ _0\"></span>ital req<span class=\"_ _0\"></span>uire<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts by <span class=\"_ _1\"></span>cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cy. Curren<span class=\"_ _0\"></span>cy bor<span class=\"_ _0\"></span>rowin<span class=\"_ _0\"></span>gs and deri<span class=\"_ _0\"></span>vative<span class=\"_ _0\"></span>s may <span class=\"_ _1\"></span>be use<span class=\"_ _0\"></span>d to <span class=\"_ _1\"></span>manag<span class=\"_ _0\"></span>e expos<span class=\"_ _0\"></span>ures with<span class=\"_ _0\"></span>in the limits that have bee<span class=\"_ _0\"></span>n set.<span class=\"_ _0\"></span> As at 31 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>24, the G<span class=\"_ _0\"></span>roup he<span class=\"_ _0\"></span>ld net as<span class=\"_ _0\"></span>sets of \u00a31.5bn (202<span class=\"_ _0\"></span>3: net lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ties of \u00a30<span class=\"_ _0\"></span>.5bn) of its total equit<span class=\"_ _0\"></span>y at<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>tab<span class=\"_ _0\"></span>le to shareh<span class=\"_ _0\"></span>old<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s in cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cie<span class=\"_ _0\"></span>s, mai<span class=\"_ _0\"></span>nly Un<span class=\"_ _0\"></span>ited S<span class=\"_ _0\"></span>tates do<span class=\"_ _0\"></span>llar an<span class=\"_ _0\"></span>d euro<span class=\"_ _0\"></span>, other tha<span class=\"_ _0\"></span>n the fun<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>onal cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>y of the relevan<span class=\"_ _0\"></span>t busin<span class=\"_ _0\"></span>ess uni<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>. The exch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e risks in<span class=\"_ _0\"></span>here<span class=\"_ _0\"></span>nt in<span class=\"_ gsec\"> </span>the<span class=\"_ _0\"></span>se exp<span class=\"_ _0\"></span>osure<span class=\"_ _0\"></span>s may be miti<span class=\"_ _0\"></span>gated thro<span class=\"_ _0\"></span>ugh th<span class=\"_ _0\"></span>e use of deri<span class=\"_ _0\"></span>vative<span class=\"_ _0\"></span>s, mai<span class=\"_ _0\"></span>nly for<span class=\"_ _0\"></span>war<span class=\"_ _0\"></span>d curr<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>y con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts.<span class=\"_ _3b2\"> </span>Co<span class=\"_ _0\"></span>nsiste<span class=\"_ _0\"></span>nt with the <span class=\"_ _1\"></span>Grou<span class=\"_ _0\"></span>p\u2019s <span class=\"_ _1\"></span>acc<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nting poli<span class=\"_ _0\"></span>cie<span class=\"_ _0\"></span>s, the profi<span class=\"_ _0\"></span>ts of <span class=\"_ _1\"></span>overseas busin<span class=\"_ _0\"></span>ess unit<span class=\"_ _0\"></span>s (<span class=\"_ _1\"></span>repor<span class=\"_ _3\"></span>ted as <span class=\"_ _1\"></span>func<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal curre<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>es) <span class=\"_ _1\"></span>are translated at a<span class=\"_ _1\"></span>vera<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span> exchan<span class=\"_ _0\"></span>ge rates and <span class=\"_ _1\"></span>the net assets (<span class=\"_ _1\"></span>rep<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d as <span class=\"_ _1\"></span>func<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>al curre<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>es) <span class=\"_ _1\"></span>at <span class=\"_ _1\"></span>the closi<span class=\"_ _0\"></span>ng rate <span class=\"_ _1\"></span>for the <span class=\"_ _1\"></span>repo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng peri<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>. A <span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>0% increa<span class=\"_ _0\"></span>se (<span class=\"_ _1\"></span>weakeni<span class=\"_ _0\"></span>ng of <span class=\"_ _1\"></span>foreign<span class=\"_ _0\"></span> cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cie<span class=\"_ _0\"></span>s) <span class=\"_ _1\"></span>or <span class=\"_ _1\"></span>de<span class=\"_ _0\"></span>crea<span class=\"_ _0\"></span>se (<span class=\"_ _1\"></span>stren<span class=\"_ _0\"></span>gth<span class=\"_ _0\"></span>eni<span class=\"_ _0\"></span>ng of <span class=\"_ _1\"></span>foreign cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cies) in <span class=\"_ _1\"></span>these rates would increase or reduc<span class=\"_ _0\"></span>e the profit for <span class=\"_ _1\"></span>the year and net <span class=\"_ _1\"></span>asse<span class=\"_ _0\"></span>ts as <span class=\"_ _1\"></span>follows:<span class=\"_ _3b2\"> </span><table class=\"s w279 h166\" id=\"_ecf85a9d-8e72-4f33-835e-7b32543d525e\"><tr><td></td><td class=\"t m2 x94a h10 y43a7 ff4 fs9 fc1 sc0 ls18 ws32\">A 1<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>% inc<span class=\"_ _0\"></span>rea<span class=\"_ _0\"></span>se in </td><td></td><td class=\"t m2 x495 h10 y43a7 ff4 fs9 fc1 sc0 ls18 ws32\">A 1<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>% dec<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>ase in<span class=\"_ _0\"></span> </td><td></td></tr><tr><td></td><td class=\"t m2 x94b h10 y43a8 ff4 fs9 fc1 sc0 ls18 ws32\">US<span class=\"_ _0\"></span>D<span class=\"_ _0\"></span>:G<span class=\"_ _0\"></span>BP exc<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>e rate<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m2 x94c h10 y43a8 ff4 fs9 fc1 sc0 ls18 ws32\">US<span class=\"_ _0\"></span>D<span class=\"_ _0\"></span>:G<span class=\"_ _0\"></span>BP exc<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>e rate<span class=\"_ _3b2\"> </span></td><td></td></tr><tr><td></td><td class=\"t m2 x430 h13 y43a9 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x637 hf y43a9 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c6 h13 y43a9 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y43a9 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x432 h13 y43aa ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x433 hf y43aa ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 h13 y43aa ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y43aa ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c x1cb y40ac w117 h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Prof<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t for th<span class=\"_ _0\"></span>e yea<span class=\"_ _0\"></span>r</div><div class=\"t m2 x407 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x94d y40ac w67 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(7)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x94e y40ac w75 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x94f y40ac wa8 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">9<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x950 y40ac w6a h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(6)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y40ae w27a h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Ne<span class=\"_ _0\"></span>t ass<span class=\"_ _0\"></span>ets at<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>bu<span class=\"_ _0\"></span>tab<span class=\"_ _0\"></span>le to U<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>D exp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>s</div><div class=\"t m2 x951 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x952 y40ae w41 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(92)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x953 y40ae w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">20<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x954 y40ae w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">111<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x955 y40ae w71 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(24)<span class=\"_ _3b2\"> </span></div></td></tr></table><table class=\"s w27b h166\" id=\"_f1d1d9b6-1e79-48b9-a2ad-36ddb32e497a\"><tr><td></td><td class=\"t m2 x94a h10 y43ab ff4 fs9 fc1 sc0 ls18 ws32\">A 1<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>% inc<span class=\"_ _0\"></span>rea<span class=\"_ _0\"></span>se in<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m2 x495 h10 y43ab ff4 fs9 fc1 sc0 ls18 ws32\">A 1<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>% dec<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>ase in<span class=\"_ _3b2\"> </span></td><td></td></tr><tr><td></td><td class=\"t m2 x94b h10 y43ac ff4 fs9 fc1 sc0 ls18 ws32\">EU<span class=\"_ _0\"></span>R<span class=\"_ _0\"></span>:G<span class=\"_ _0\"></span>B<span class=\"_ _0\"></span>P exch<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ge rate<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m2 x94c h10 y43ac ff4 fs9 fc1 sc0 ls18 ws32\">EU<span class=\"_ _0\"></span>R<span class=\"_ _0\"></span>:G<span class=\"_ _0\"></span>B<span class=\"_ _0\"></span>P exch<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ge rate<span class=\"_ _3b2\"> </span></td><td></td></tr><tr><td></td><td class=\"t m2 x430 h13 y43ad ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x637 hf y43ad ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c6 h13 y43ad ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y43ad ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x432 h13 y43ae ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x433 hf y43ae ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 h13 y43ae ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y43ae ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c x1cb y40ac w117 h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Prof<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t for th<span class=\"_ _0\"></span>e yea<span class=\"_ _0\"></span>r</div><div class=\"t m2 x407 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x442 y40ac wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x956 y40ac wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x957 y40ac wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x958 y40ac wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y40ae w27a h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Ne<span class=\"_ _0\"></span>t ass<span class=\"_ _0\"></span>ets at<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>bu<span class=\"_ _0\"></span>tab<span class=\"_ _0\"></span>le to U<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>D exp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>s</div><div class=\"t m2 x951 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x952 y40ae w41 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(17)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x959 y40ae w75 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x95a y40ae w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">22<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x95b y40ae w6a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(2)<span class=\"_ _3b2\"> </span></div></td></tr></table>1. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>Pr<span class=\"_ _0\"></span>ofi<span class=\"_ _0\"></span>t fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar i<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ts r<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e on<span class=\"_ _0\"></span>ly t<span class=\"_ _0\"></span>o ove<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>s b<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>s un<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ts w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e th<span class=\"_ _0\"></span>e fu<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>l c<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>cy i<span class=\"_ _0\"></span>s no<span class=\"_ _0\"></span>t s<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>rl<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>. Ne<span class=\"_ _0\"></span>t as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t i<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s in<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>de b<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>th f<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>al c<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>y an<span class=\"_ _0\"></span>d n<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>-<span class=\"_ _3b2\"> </span>fu<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>l cu<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>cy e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s.<span class=\"_ _3b2\"> </span>17<span class=\"_ _4\"></span><span class=\"ls26 ws93\">. <span class=\"_ _27\"> </span>Cred<span class=\"_ _0\"></span>it r<span class=\"_ _0\"></span>isk<span class=\"_ _3b2\"> </span></span>Th<span class=\"_ _0\"></span>e Group\u2019s exp<span class=\"_ _0\"></span>osur<span class=\"_ _0\"></span>e to <span class=\"_ _1\"></span>cre<span class=\"_ _0\"></span>dit ri<span class=\"_ _0\"></span>sk aris<span class=\"_ _0\"></span>es from i<span class=\"_ _0\"></span>ts offer<span class=\"_ _0\"></span>ing of insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce and inve<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent pro<span class=\"_ _0\"></span>du<span class=\"_ _0\"></span>cts<span class=\"_ _0\"></span>. The inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nts of share<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>lde<span class=\"_ _0\"></span>rs\u2019, pol<span class=\"_ _0\"></span>icy<span class=\"_ _0\"></span>hol<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>rs\u2019<span class=\"_ gsec\"> </span>an<span class=\"_ _0\"></span>d segr<span class=\"_ _0\"></span>egate<span class=\"_ _0\"></span>d clien<span class=\"_ _0\"></span>ts\u2019 mo<span class=\"_ _0\"></span>nies re<span class=\"_ _0\"></span>quire c<span class=\"_ _0\"></span>redi<span class=\"_ _0\"></span>t risks to be taken<span class=\"_ _0\"></span>, as well as the hed<span class=\"_ _0\"></span>ging of insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce (in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>g reinsu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce) and<span class=\"_ gsec\"> </span>oth<span class=\"_ _0\"></span>er<span class=\"_ gsec\"> </span>f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al risks<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Ove<span class=\"_ _0\"></span>rsig<span class=\"_ _0\"></span>ht of credi<span class=\"_ _0\"></span>t risk ma<span class=\"_ _0\"></span>nage<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt has be<span class=\"_ _0\"></span>en de<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>gated by the Bo<span class=\"_ _0\"></span>ard to the Grou<span class=\"_ _0\"></span>p Risk Fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>ial Risk C<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>mit<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>e (GRFR<span class=\"_ _0\"></span>C), the remit of whic<span class=\"_ _0\"></span>h inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>es prop<span class=\"_ _0\"></span>osi<span class=\"_ _0\"></span>ng the Gro<span class=\"_ _0\"></span>up\u2019s appe<span class=\"_ _0\"></span>tite for cred<span class=\"_ _0\"></span>it ris<span class=\"_ _0\"></span>k in aggre<span class=\"_ _0\"></span>gate, and by issu<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s, se<span class=\"_ _0\"></span>ctor<span class=\"_ _0\"></span>s, an<span class=\"_ _0\"></span>d geo<span class=\"_ _0\"></span>gr<span class=\"_ _0\"></span>aphy, and moni<span class=\"_ _0\"></span>torin<span class=\"_ _0\"></span>g actu<span class=\"_ _0\"></span>al exp<span class=\"_ _0\"></span>osure<span class=\"_ _0\"></span>s relati<span class=\"_ _0\"></span>ve to appeti<span class=\"_ _0\"></span>te. The G<span class=\"_ _0\"></span>RF<span class=\"_ _0\"></span>RC also co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s cred<span class=\"_ _0\"></span>it risk im<span class=\"_ _0\"></span>pli<span class=\"_ _0\"></span>cit in new as<span class=\"_ _0\"></span>set cla<span class=\"_ _0\"></span>sses an<span class=\"_ _0\"></span>d cor<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>rate tran<span class=\"_ _0\"></span>sac<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s, an<span class=\"_ _0\"></span>d advis<span class=\"_ _0\"></span>es on app<span class=\"_ _0\"></span>ropr<span class=\"_ _0\"></span>iate cou<span class=\"_ _0\"></span>nter<span class=\"_ _0\"></span>par<span class=\"_ _3\"></span>ty ris<span class=\"_ _0\"></span>k tolera<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>es. T<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up co<span class=\"_ _0\"></span>ntrol<span class=\"_ _0\"></span>s its exp<span class=\"_ _0\"></span>osure to cou<span class=\"_ _0\"></span>nterp<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y c<span class=\"_ _0\"></span>redi<span class=\"_ _0\"></span>t risk thro<span class=\"_ _0\"></span>ug<span class=\"_ _0\"></span>h defi<span class=\"_ _0\"></span>ning th<span class=\"_ _0\"></span>e minim<span class=\"_ _0\"></span>um f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial s<span class=\"_ _0\"></span>tren<span class=\"_ _0\"></span>gth of the cou<span class=\"_ _0\"></span>nter<span class=\"_ _0\"></span>par<span class=\"_ _3\"></span>ties with whi<span class=\"_ _0\"></span>ch it will d<span class=\"_ _0\"></span>eal and se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ting exp<span class=\"_ _0\"></span>osu<span class=\"_ _0\"></span>re toler<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>es for the<span class=\"_ _0\"></span>se cou<span class=\"_ _0\"></span>nterp<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>, whic<span class=\"_ _0\"></span>h are moni<span class=\"_ _0\"></span>tored an<span class=\"_ _0\"></span>d reviewe<span class=\"_ _0\"></span>d by ope<span class=\"_ _0\"></span>ratio<span class=\"_ _0\"></span>nal mana<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t on a counte<span class=\"_ _0\"></span>rpa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>by<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>terp<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y basi<span class=\"_ _0\"></span>s.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e credi<span class=\"_ _0\"></span>t prof<span class=\"_ _0\"></span>ile of the Gro<span class=\"_ _0\"></span>up\u2019s assets exp<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>d to credi<span class=\"_ _0\"></span>t risk is shown b<span class=\"_ _0\"></span>elow. This in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>es bot<span class=\"_ _0\"></span>h ex<span class=\"_ _0\"></span>terna<span class=\"_ _0\"></span>lly and inte<span class=\"_ _0\"></span>rnal<span class=\"_ _0\"></span>ly rated po<span class=\"_ _0\"></span>siti<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>. Uni<span class=\"_ _0\"></span>t linked as<span class=\"_ _0\"></span>sets have not be<span class=\"_ _0\"></span>en in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d as shareh<span class=\"_ _0\"></span>old<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s are not dire<span class=\"_ _0\"></span>ctly ex<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>ed to the asso<span class=\"_ _0\"></span>ciate<span class=\"_ _0\"></span>d credi<span class=\"_ _0\"></span>t risk<span class=\"_ _0\"></span>. Ad<span class=\"_ _0\"></span>diti<span class=\"_ _0\"></span>onal<span class=\"_ _0\"></span>ly, assets suc<span class=\"_ _0\"></span>h as equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y sec<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>itie<span class=\"_ _0\"></span>s, defe<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d acqu<span class=\"_ _0\"></span>isiti<span class=\"_ _0\"></span>on co<span class=\"_ _0\"></span>sts and ta<span class=\"_ _0\"></span>x have no expo<span class=\"_ _0\"></span>sure to the asso<span class=\"_ _0\"></span>ciate<span class=\"_ _0\"></span>d credi<span class=\"_ _0\"></span>t risk an<span class=\"_ _0\"></span>d there<span class=\"_ _0\"></span>fore have also be<span class=\"_ _0\"></span>en exclu<span class=\"_ _0\"></span>ded<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>For ex<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>nall<span class=\"_ _0\"></span>y rated asse<span class=\"_ _0\"></span>ts, th<span class=\"_ _0\"></span>e cred<span class=\"_ _0\"></span>it ratin<span class=\"_ _0\"></span>g band<span class=\"_ _0\"></span>s are provid<span class=\"_ _0\"></span>ed by inde<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>ent rati<span class=\"_ _0\"></span>ng age<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>. Unrate<span class=\"_ _0\"></span>d trade<span class=\"_ _0\"></span>d inst<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts are assig<span class=\"_ _0\"></span>ned a rati<span class=\"_ _0\"></span>ng thro<span class=\"_ _0\"></span>ugh a po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>folio revi<span class=\"_ _0\"></span>ew pro<span class=\"_ _0\"></span>ces<span class=\"_ _0\"></span>s or throu<span class=\"_ _0\"></span>gh a co<span class=\"_ _0\"></span>mmi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tee, de<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>ng on co<span class=\"_ _0\"></span>mpl<span class=\"_ _0\"></span>exi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y. <span class=\"_ _1\"></span>Ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tai<span class=\"_ _0\"></span>n assets re<span class=\"_ _0\"></span>quir<span class=\"_ _0\"></span>e an interna<span class=\"_ _0\"></span>l rating eve<span class=\"_ _0\"></span>n when an<span class=\"_ _0\"></span> ex<span class=\"_ _0\"></span>tern<span class=\"_ _0\"></span>al ratin<span class=\"_ _0\"></span>g is already avail<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e, if thes<span class=\"_ _0\"></span>e con<span class=\"_ _0\"></span>stit<span class=\"_ _0\"></span>ute materi<span class=\"_ _0\"></span>al trad<span class=\"_ _0\"></span>ed exp<span class=\"_ _0\"></span>osu<span class=\"_ _0\"></span>res or are co<span class=\"_ _0\"></span>mpl<span class=\"_ _0\"></span>ex sec<span class=\"_ _0\"></span>uri<span class=\"_ _0\"></span>tisa<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s or direc<span class=\"_ _0\"></span>t invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts. In th<span class=\"_ _0\"></span>ese case<span class=\"_ _0\"></span>s, inte<span class=\"_ _0\"></span>rnal ra<span class=\"_ _0\"></span>tings are as<span class=\"_ _0\"></span>sign<span class=\"_ _0\"></span>ed by eit<span class=\"_ _0\"></span>her th<span class=\"_ _0\"></span>e Ass<span class=\"_ _0\"></span>et Mana<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t Dire<span class=\"_ _0\"></span>ct Invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt ratin<span class=\"_ _0\"></span>g team or the asse<span class=\"_ _0\"></span>t manag<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent f<span class=\"_ _0\"></span>ir<span class=\"_ _0\"></span>m that ori<span class=\"_ _0\"></span>ginate<span class=\"_ _0\"></span>d the transaction<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e car<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 the f<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial ass<span class=\"_ _0\"></span>ets re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>rde<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>ial s<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nts re<span class=\"_ _0\"></span>pres<span class=\"_ _0\"></span>ents t<span class=\"_ _0\"></span>he ma<span class=\"_ _0\"></span>xim<span class=\"_ _0\"></span>um ex<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>ure to cre<span class=\"_ _0\"></span>dit r<span class=\"_ _0\"></span>isk b<span class=\"_ _0\"></span>efore tak<span class=\"_ _0\"></span>ing<span class=\"_ gsec\"> </span>ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>unt of col<span class=\"_ _0\"></span>lateral he<span class=\"_ _0\"></span>ld<span class=\"_ _0\"></span>. Coll<span class=\"_ _0\"></span>ateral is he<span class=\"_ _0\"></span>ld to mitigate cre<span class=\"_ _0\"></span>dit ris<span class=\"_ _0\"></span>k expo<span class=\"_ _0\"></span>sure<span class=\"_ _0\"></span>s, by vir<span class=\"_ _3\"></span>tue of transa<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ons in lo<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ated der<span class=\"_ _0\"></span>ivati<span class=\"_ _0\"></span>ves and<span class=\"_ _0\"></span> stoc<span class=\"_ _0\"></span>k<span class=\"_ gsec\"> </span>len<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>g activ<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>es.<span class=\"_ _3b2\"> </span><div class=\"t m0 h15 ff1 fs5 fc2 sc0 ls58 ws8a gs723\">Sha<span class=\"_ _0\"></span>reholder<span class=\"_ _3b2\"> </span></div><div class=\"gs4ff\"><table class=\"s w154 h167\" id=\"_ce0aaef1-04c1-4e5a-8156-312c7dd80265\"><tr><td></td><td></td><td class=\"t m0 x6c1 h13 y43af ff5 fs9 fc1 sc0 ls197 ws1c2\">AAA<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x95c h13 y43af ff5 fs9 fc1 sc0 ls197 ws1c2\">AA<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x95d h13 y43af ff5 fs9 fc1 sc0 ls1 ws0\">A<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x31f h13 y43af ff5 fs9 fc1 sc0 ls39 ws178\">BBB<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x95e h13 y43af ff5 fs9 fc1 sc0 ls18 ws0\">BB a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d be<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>w<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x280 h13 y43af ff5 fs9 fc1 sc0 ls38 ws3a\">Other<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c7 h13 y43af ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y43b0 w27c h12b\"><div class=\"t m0 x1ca hf y415b ff5 fs9 fc1 sc0 ls18 ws0\">As a<span class=\"_ _0\"></span>t 31 De<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>4<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x95f y43b1 w27d h11e\"><div class=\"t m0 x1ca hf y415d ff3 fs9 fc1 sc0 lsee wsf5\">N<span class=\"_ _0\"></span>ote<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"t m0 x321 h13 y43b2 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x464 h13 y43b2 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x432 h13 y43b2 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x465 h13 y43b2 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x466 h13 y43b2 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x467 h13 y43b2 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 h13 y43b2 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y4323 w27e h116\"><div class=\"t m0 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls1 ws23\">Governme<span class=\"_ _1\"></span>nt securit<span class=\"_ _1\"></span>ies<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x960 y4323 w4a h116\"><div class=\"t m0 x1ca h1a y40b1 ff5 fs6 fc1 sc0 ls56 ws55\">199<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x961 y4323 w2f h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls56 ws55\">13,741<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x59e y4323 w4a h116\"><div class=\"t m0 x1ca h1a y40b1 ff5 fs6 fc1 sc0 ls56 ws55\">232<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x962 y4323 w4a h116\"><div class=\"t m0 x1ca h1a y40b1 ff5 fs6 fc1 sc0 ls56 ws55\">159<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x963 y4323 w7b h116\"><div class=\"t m0 x1ca h1a y40b1 ff5 fs6 fc1 sc0 ls56 ws55\">18<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x964 y4323 wa8 h116\"><div class=\"t m0 x1ca h1a y40b1 ff5 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x965 y4323 w93 h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls56 ws55\">14,350<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y42f0 w27f h116\"><div class=\"t m0 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls10a ws5a\">Other fixed rate securities<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x966 y42f0 w36 h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls56 ws55\">1,988<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x967 y42f0 w36 h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls56 ws55\">7,690<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x968 y42f0 w2f h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls56 ws55\">23,145<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x969 y42f0 w2f h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls56 ws55\">21,696<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x96a y42f0 w4a h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls56 ws55\">361<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x96b y42f0 w7b h116\"><div class=\"t m0 x1ca h1a y40b1 ff5 fs6 fc1 sc0 ls56 ws55\">42<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x96c y42f0 w2f h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls56 ws55\">54,922<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y43b3 w19b h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">Varia<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>e rate secu<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x96d y43b3 w4a h116\"><div class=\"t m0 x1ca hc y4084 ff6 fs6 fc1 sc0 ls56 ws55\">774<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x80b y43b3 w36 h116\"><div class=\"t m0 x1ca hc y4084 ff6 fs6 fc1 sc0 ls56 ws55\">2,703<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x96e y43b3 w36 h116\"><div class=\"t m0 x1ca hc y4084 ff6 fs6 fc1 sc0 ls56 ws55\">4,165<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x96f y43b3 w36 h116\"><div class=\"t m0 x1ca hc y4084 ff6 fs6 fc1 sc0 ls56 ws55\">3,558<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x970 y43b3 w4a h116\"><div class=\"t m0 x1ca hc y4084 ff5 fs6 fc1 sc0 ls56 ws55\">122<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x971 y43b3 w7b h116\"><div class=\"t m0 x1ca hc y4084 ff6 fs6 fc1 sc0 ls56 ws55\">16<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x972 y43b3 w2f h116\"><div class=\"t m0 x1ca hc y4084 ff6 fs6 fc1 sc0 ls56 ws55\">11,338<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y42f3 w21c h116\"><div class=\"t m0 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls113 ws5b\">Lifet<span class=\"_ _1\"></span>ime mortgages<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x973 y42f3 wa4 h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x974 y42f3 w36 h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls56 ws55\">4,917<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x59e y42f3 w4a h116\"><div class=\"t m0 x1ca h1a y40b1 ff5 fs6 fc1 sc0 ls56 ws55\">483<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x962 y42f3 w4a h116\"><div class=\"t m0 x1ca h1a y40b1 ff5 fs6 fc1 sc0 ls56 ws55\">402<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x975 y42f3 wa6 h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x976 y42f3 w7b h116\"><div class=\"t m0 x1ca h1a y40b1 ff5 fs6 fc1 sc0 ls56 ws55\">59<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x977 y42f3 w36 h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls56 ws55\">5,861<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4377 w280 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws23\">Accrued in<span class=\"_ _1\"></span>tere<span class=\"_ _1\"></span>st<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x978 y4377 w246 h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">25<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x979 y4377 w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">135<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x97a y4377 w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">256<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x97b y4377 w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">277<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x97c y4377 w59 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">6<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x97d y4377 wa8 h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x29b y4377 w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">701<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40bf w281 h118\"><div class=\"t m0 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls1 ws23\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> debt securities<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x97e y40bf w36 h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">2,986<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x97f y40bf w2f h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">29,186<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x980 y40bf w2f h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">28,281<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x981 y40bf w2f h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">26,092<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x982 y40bf w4a h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">507<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x983 y40bf w4a h118\"><div class=\"t m0 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">120<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x984 y40bf w2f h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">87,172<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4325 w282 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws132\">Loans<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x985 y4325 wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x986 y4325 w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">226<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x987 y4325 w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">303<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x988 y4325 wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x989 y4325 wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x98a y4325 w36 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">2,185<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x98b y4325 w36 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">2,714<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y42f5 w1fd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls112 ws1e\">Der<span class=\"_ _0\"></span>ivative assets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x98c y42f5 w39 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">13<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x98d y42f5 wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x98e y42f5 w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">733<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x98f y42f5 w2f h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">48,298<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x990 y42f5 wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7fe y42f5 wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x991 y42f5 w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">164<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x762 y42f5 w2f h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">49,195<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4192 w87 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Cas<span class=\"_ _0\"></span>h an<span class=\"_ _0\"></span>d cas<span class=\"_ _0\"></span>h eq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>vale<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x992 y4192 w39 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">15<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x993 y4192 w36 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">1,420<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x98e y4192 w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">408<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x767 y4192 w36 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">1,628<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x994 y4192 w70 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">72<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x995 y4192 wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x996 y4192 w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">229<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x997 y4192 w36 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">3,757<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y419e w83 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10e ws54\">Reinsurance contract asset<span class=\"_ _1\"></span>s<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x985 y419e wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x998 y419e w36 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">3,889<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x999 y419e w36 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">5,047<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x99a y419e w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">228<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x99b y419e wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x99c y419e wa8 h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x99d y419e w36 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">9,165<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41a9 wd1 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls114 ws10d\">Oth<span class=\"_ _0\"></span>er assets<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x99e y41a9 w246 h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">12<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x99f y41a9 w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">152<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9a0 y41a9 w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">176<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9a1 y41a9 w7b h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">29<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9a2 y41a9 wa6 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9a3 y41a9 w36 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">3,783<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9a4 y41a9 w36 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">4,152<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w21b h118\"><div class=\"t m0 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls1 ws0\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x9a5 y40ae w36 h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">4,418<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9a6 y40ae w215 h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">34,594<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9a7 y40ae w2f h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">83,733<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9a8 y40ae w2f h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">26,421<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9a9 y40ae w4a h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">507<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9aa y40ae w36 h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">6,482<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9ab y40ae w89 h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">156,155<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"gs724\"><table class=\"s w283 h168\" id=\"_88db9f28-d2f9-4c38-9384-58082f768a57\"><tr><td></td><td></td><td class=\"t m0 x6c1 hf y43b4 ff3 fs9 fc1 sc0 ls198 ws1c3\">AAA<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x95c hf y43b4 ff3 fs9 fc1 sc0 ls198 ws1c3\">AA<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x95d hf y43b4 ff3 fs9 fc1 sc0 ls1 ws0\">A<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x31f hf y43b4 ff3 fs9 fc1 sc0 ls37 ws7\">BBB<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x9ac hf y43b4 ff3 fs9 fc1 sc0 ls18 ws0\">BB a<span class=\"_ _0\"></span>nd b<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>ow<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x32b hf y43b4 ff3 fs9 fc1 sc0 ls1b ws1f\">Other<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c7 hf y43b4 ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y43b5 w284 h11e\"><div class=\"t m0 x1ca hf y415b ff3 fs9 fc1 sc0 ls18 ws0\">As a<span class=\"_ _0\"></span>t 31 De<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>3<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9ad y43b5 w10d h11e\"><div class=\"t m0 x1ca hf y415b ff3 fs9 fc1 sc0 lsee wsf5\">Note<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"t m0 x321 hf y43b6 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x464 hf y43b6 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x432 hf y43b6 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x465 hf y43b6 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x466 hf y43b6 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x467 hf y43b6 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 hf y43b6 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y40ba w27e h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Governme<span class=\"_ _1\"></span>nt securit<span class=\"_ _1\"></span>ies<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x9ae y40ba w42 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">242<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9af y40ba wc5 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">8,141<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9b0 y40ba w42 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">253<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9b1 y40ba w39 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">98<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9b2 y40ba w75 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9b3 y40ba w50 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9b4 y40ba w30 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">8,736<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y43b7 w27f h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10a ws5a\">Other fixed rate securities<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x9b5 y43b7 wc5 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,083<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9b6 y43b7 wc5 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">7,080<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9b7 y43b7 w3e h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">24,206<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9b8 y43b7 w3e h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">21,646<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9b9 y43b7 w42 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">299<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9ba y43b7 w42 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">141<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9bb y43b7 w3e h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">55,455<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41d1 w19b h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">Varia<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>e rate secu<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x9bc y41d1 w42 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">471<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9bd y41d1 wc5 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,734<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7aa y41d1 w37 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">4,039<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9be y41d1 w37 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,328<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9bf y41d1 w4b h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">133<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9c0 y41d1 w50 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9c1 y41d1 w3e h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">10,707<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4304 w21c h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls113 ws5b\">Lifet<span class=\"_ _1\"></span>ime mortgages<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x973 y4304 wbd h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9c2 y4304 wc5 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">4,835<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9c3 y4304 w4b h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">504<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9c4 y4304 w4b h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">402<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9c5 y4304 wbf h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9c6 y4304 w39 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">25<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9c7 y4304 w37 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5,766<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4189 w280 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws23\">Accrued in<span class=\"_ _1\"></span>tere<span class=\"_ _1\"></span>st<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x978 y4189 w39 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">24<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9c8 y4189 w42 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">113<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9c9 y4189 w42 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">240<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9ca y4189 w42 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">283<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9cb y4189 w50 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9cc y4189 w75 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3b2 y4189 w42 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">666<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4305 w285 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10a ws5a\">T<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>tal debt securities<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x9cd y4305 wc5 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,820<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9ce y4305 w3e h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">22,903<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9cf y4305 wd3 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">29,242<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9d0 y4305 wd3 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">25,757<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9d1 y4305 w42 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">437<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9d2 y4305 w42 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">171<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3bf y4305 wd3 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">81,330<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c0 w282 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Loans<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x9d3 y40c0 wbe h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9d4 y40c0 w153 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">183<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9d5 y40c0 w42 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">893<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9d6 y40c0 wbd h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9d7 y40c0 wbd h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9d8 y40c0 w42 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">536<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x861 y40c0 w30 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,612<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4306 w1fd h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls112 ws1e\">Der<span class=\"_ _0\"></span>ivative assets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x98c y4306 w39 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">13<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x98d y4306 wbd h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9d9 y4306 w39 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">35<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9da y4306 w3e h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">37,332<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9db y4306 wbd h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9dc y4306 w50 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9dd y4306 w42 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">651<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9de y4306 w3e h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">38,019<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c2 w87 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Cas<span class=\"_ _0\"></span>h an<span class=\"_ _0\"></span>d cas<span class=\"_ _0\"></span>h eq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>vale<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x992 y40c2 w39 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">15<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9df y40c2 w42 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">985<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9e0 y40c2 w42 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">805<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9e1 y40c2 w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,886<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9e2 y40c2 w42 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">115<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9e3 y40c2 wbd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9e4 y40c2 w42 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">444<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7b1 y40c2 w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">4,235<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w83 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws54\">Reinsurance contract asset<span class=\"_ _1\"></span>s<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x985 y4121 wbe h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x516 y4121 wc5 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">4,163<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x517 y4121 w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,551<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9e5 y4121 w42 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">256<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9e6 y4121 wbd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9e7 y4121 w42 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">336<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1e8 y4121 w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">7,306<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4158 wd1 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls114 ws10d\">Oth<span class=\"_ _0\"></span>er assets<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x99e y4158 w39 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">15<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9e8 y4158 w42 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">253<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9e9 y4158 w42 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">237<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9ea y4158 w42 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">116<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9eb y4158 w75 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9ec y4158 w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">6,050<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9ed y4158 w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">6,673<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w236 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls15e ws179\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x9ee y40ae w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,820<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9ef y40ae w3e h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">28,342<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9f0 y40ae w3e h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">72,141<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9f1 y40ae w3e h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">26,244<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9f2 y40ae w42 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">440<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9f3 y40ae w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">8,188<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x739 y40ae w82 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">139,175<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"t m0 h15 ff1 fs5 fc2 sc0 ls43 ws16 gs725\">Im<span class=\"_ _1\"></span>pairm<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>t<span class=\"_ _3b2\"> </span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs726\">Th<span class=\"_ _0\"></span>e table b<span class=\"_ _0\"></span>elow sh<span class=\"_ _0\"></span>ows the gros<span class=\"_ _0\"></span>s car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>yi<span class=\"_ _0\"></span>ng value of fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ents me<span class=\"_ _0\"></span>asure<span class=\"_ _0\"></span>d at F<span class=\"_ _0\"></span>VO<span class=\"_ _0\"></span>CI<span class=\"_ gsec\"> </span>an<span class=\"_ _0\"></span>d amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>ed co<span class=\"_ _0\"></span>st spli<span class=\"_ _0\"></span>t by credi<span class=\"_ _0\"></span>t ratin<span class=\"_ _0\"></span>g, se<span class=\"_ _0\"></span>para<span class=\"_ _0\"></span>tely </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs727\">ide<span class=\"_ _0\"></span>ntif<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>ose inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nts for whic<span class=\"_ _0\"></span>h a 1<span class=\"_ _1\"></span>2-m<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>th ECL (i.e<span class=\"_ _0\"></span>. S<span class=\"_ _0\"></span>tag<span class=\"_ _0\"></span>e 1<span class=\"_ _1\"></span>) or Lifetime EC<span class=\"_ _0\"></span>L (i.e. S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>age 2 and 3) is calcul<span class=\"_ _0\"></span>ated, as well as any los<span class=\"_ _0\"></span>s </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs728\">allowan<span class=\"_ _0\"></span>ces re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>. As at 31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2024<span class=\"_ _0\"></span>, the Gro<span class=\"_ _0\"></span>up did not have any purc<span class=\"_ _0\"></span>has<span class=\"_ _0\"></span>ed or or<span class=\"_ _0\"></span>igin<span class=\"_ _0\"></span>ated cre<span class=\"_ _0\"></span>dit-<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>pai<span class=\"_ _0\"></span>red f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs729\">(202<span class=\"_ _0\"></span>3:<span class=\"_ gsec\"> </span>n<span class=\"_ _0\"></span>o purch<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>d or ori<span class=\"_ _0\"></span>ginated c<span class=\"_ _0\"></span>redi<span class=\"_ _0\"></span>t-<span class=\"_ _0\"></span>imp<span class=\"_ _0\"></span>aire<span class=\"_ _0\"></span>d fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts).<span class=\"_ _3b2\"> </span></div><div class=\"gs72a\"><table class=\"s w286 h169\" id=\"_b4f69223-246c-45d7-85aa-f03efa4aff24\"><tr><td></td><td class=\"t m0 x9f4 h13 y43b8 ff5 fs9 fc1 sc0 ls3d ws86\">Assets under<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x9f5 h13 y43b8 ff5 fs9 fc1 sc0 ls3d ws86\">Assets under<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m0 x9f6 hf y43b8 ff3 fs9 fc1 sc0 ls1 ws16\">Assets under<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x9f7 hf y43b8 ff3 fs9 fc1 sc0 ls1 ws16\">Assets under<span class=\"ws0\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x9f8 h13 y43b9 ff5 fs9 fc1 sc0 ls18 ws0\">St<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ge 1<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x9f5 h13 y43b9 ff5 fs9 fc1 sc0 ls18 ws0\">St<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ge 2 a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d 3<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x430 h13 y43b9 ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x9f9 hf y43b9 ff3 fs9 fc1 sc0 ls189 ws4b\">Stage 1<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x9fa hf y43b9 ff3 fs9 fc1 sc0 ls18 ws0\">S<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ge 2 an<span class=\"_ _0\"></span>d 3<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c7 hf y43b9 ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 h13 y43ba ff6 fs9 fc1 sc0 ls167 ws182\">F<span class=\"_ _0\"></span>VOC<span class=\"_ _0\"></span>I<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x8d5 h13 y43ba ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x686 h13 y43ba ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x430 h13 y43ba ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x637 hf y43ba ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c6 hf y43ba ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c7 hf y43ba ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 h13 y43bb ff5 fs9 fc1 sc0 ls3b ws45\">Shareholder<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x282 h13 y43bb ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x5ef h13 y43bb ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x432 h13 y43bb ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x433 hf y43bb ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c8 hf y43bb ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 hf y43bb ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y40be w287 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls199 ws1c4\">AAA<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9fb y40be w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">88<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9fc y40be wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7f4 y40be w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">88<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9fd y40be w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">54<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9fe y40be wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9ff y40be w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">54<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4359 w288 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls199 ws1c4\">AA<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa00 y4359 w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,697<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa01 y4359 wa5 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa02 y4359 w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,697<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa03 y4359 w30 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,802<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa04 y4359 wbd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa05 y4359 w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,802<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c0 w289 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">A<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa06 y40c0 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">93<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa07 y40c0 wa4 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa08 y40c0 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">93<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1fa y40c0 w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">111<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x699 y40c0 wbf h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa09 y40c0 w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">111<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c1 w28a h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls4f wsa3\">BBB<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa0a y40c1 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">43<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa0b y40c1 wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa0c y40c1 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">43<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x23e y40c1 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">55<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5db y40c1 wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa0d y40c1 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">55<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y419a w28b h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">BB an<span class=\"_ _0\"></span>d b<span class=\"_ _0\"></span>elo<span class=\"_ _0\"></span>w<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa0e y419a wa4 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa0f y419a wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa10 y419a wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa11 y419a wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa12 y419a wbf h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa13 y419a wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w141 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 lsea ws122\">Othe<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa14 y4121 wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa15 y4121 wa4 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa16 y4121 wa6 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa17 y4121 wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa18 y4121 wbf h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa19 y4121 wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y43bc w28c h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws23\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> gross<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa1a y43bc w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,921<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa1b y43bc wa5 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa1c y43bc w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,921<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x734 y43bc w30 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa1d y43bc wbf h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x814 y43bc w30 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,022<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w28d h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws132\">ECL<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa1e y40ae wb4 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(7)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa1f y40ae wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa20 y40ae w67 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(7)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa21 y40ae w6a h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(5)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa22 y40ae wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x64c y40ae wc0 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(5)<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"gs72b\"><table class=\"s w20d h16a\" id=\"_a02fc243-1dbc-4860-8260-6d8966e576d9\"><tr><td></td><td class=\"c n xa23 y43bd w28e h11d\"><div class=\"t m0 x1ca h13 y4151 ff5 fs9 fc1 sc0 ls3d ws86\">Assets under</div></td><td class=\"t m0 x9f5 h13 y43be ff5 fs9 fc1 sc0 ls3d ws86\">Assets under<span class=\"ls1 ws0\"> </span></td><td></td><td class=\"t m0 x9f6 hf y43be ff3 fs9 fc1 sc0 ls1 ws16\">Assets under<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x9f7 hf y43be ff3 fs9 fc1 sc0 ls1 ws16\">Assets under<span class=\"ws0\"> </span></td><td></td></tr><tr><td></td><td class=\"c n xa24 y43bf w28f h11d\"><div class=\"t m0 x1ca h13 y4151 ff5 fs9 fc1 sc0 ls18 ws0\">St<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ge 1</div></td><td class=\"t m0 x9f5 h13 y43c0 ff5 fs9 fc1 sc0 ls18 ws0\">St<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ge 2 a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d 3<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x430 h13 y43c0 ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x9f9 hf y43c0 ff3 fs9 fc1 sc0 ls189 ws4b\">Stage 1<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x9fa hf y43c0 ff3 fs9 fc1 sc0 ls18 ws0\">S<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ge 2 an<span class=\"_ _0\"></span>d 3<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c7 hf y43c0 ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c x1cb y43c1 w290 h11d\"><div class=\"t m0 x1ca h13 y4151 ff5 fs9 fc1 sc0 ls115 ws121\">Amor<span class=\"_ _0\"></span>tised cost<span class=\"_ _3b2\"> </span></div><div class=\"t m0 xa25 h13 y4151 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"t m0 x686 h13 y43c2 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x430 h13 y43c2 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x637 hf y43c2 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c6 hf y43c2 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c7 hf y43c2 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y43c3 w291 h11d\"><div class=\"t m0 x1ca h13 y4151 ff5 fs9 fc1 sc0 ls3b ws45\">Shareholder<span class=\"_ _3b2\"> </span></div></td><td class=\"t m0 x282 h13 y43c4 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x5ef h13 y43c4 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x432 h13 y43c4 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x433 hf y43c4 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c8 hf y43c4 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 hf y43c4 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y433b w287 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls199 ws1c4\">AAA<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa26 y433b w4a h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">242<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa27 y433b wa4 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa28 y433b w4a h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">242<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa29 y433b w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">253<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa2a y433b wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa2b y433b w4b h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">253<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4189 w288 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls199 ws1c4\">AA<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa2c y4189 w4a h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">542<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa2d y4189 wa4 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa2e y4189 w4a h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">542<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa2f y4189 w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">530<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa30 y4189 wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa31 y4189 w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">530<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40bf w289 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">A<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa32 y40bf w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">3,873<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa33 y40bf wa5 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa34 y40bf w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">3,873<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa35 y40bf w30 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,478<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa36 y40bf wbd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa37 y40bf w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,478<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41dd w28a h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls4f wsa3\">BBB<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa38 y41dd w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">4,312<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa39 y41dd wa4 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x93f y41dd w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">4,312<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x723 y41dd w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,647<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x937 y41dd w42 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">113<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa3a y41dd w30 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,760<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4180 w28b h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">BB an<span class=\"_ _0\"></span>d b<span class=\"_ _0\"></span>elo<span class=\"_ _0\"></span>w<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa0e y4180 wa4 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa3b y4180 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">29<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa3c y4180 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">29<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa3d y4180 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">18<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa3e y4180 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">25<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x25f y4180 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">43<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4181 w141 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 lsea ws122\">Othe<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa3f y4181 w246 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">83<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa40 y4181 wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa41 y4181 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">83<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa42 y4181 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">12<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa43 y4181 wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9ff y4181 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">12<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w28c h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws23\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> gross<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa1a y4121 w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">9,052<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa44 y4121 w246 h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">29<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa45 y4121 w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">9,081<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa03 y4121 w30 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">7,938<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa46 y4121 w42 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">138<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7a9 y4121 w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">8,076<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4184 w28d h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws132\">ECL<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa47 y4184 w14c h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(32)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa48 y4184 wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa49 y4184 w41 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(32)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa4a y4184 w71 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(25)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa4b y4184 w6a h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(6)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa4c y4184 w71 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(31)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w292 h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws23\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> net amount<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa1a y40ae w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">9,020<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa44 y40ae w246 h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">29<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa45 y40ae w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">9,049<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa03 y40ae w30 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">7,913<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa46 y40ae w42 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">132<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7a9 y40ae w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">8,045<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls19 ws4 gs72c\">Ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r <span class=\"_ _1\"></span>fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial assets at <span class=\"_ _1\"></span>amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tise<span class=\"_ _0\"></span>d cost are <span class=\"_ _1\"></span>pred<span class=\"_ _0\"></span>omi<span class=\"_ _0\"></span>nant<span class=\"_ _0\"></span>ly unrated other recei<span class=\"_ _0\"></span>vabl<span class=\"_ _0\"></span>es with an <span class=\"_ _1\"></span>immater<span class=\"_ _0\"></span>ial loss allowance (202<span class=\"_ _0\"></span>3:<span class=\"_ gsec\"> </span>im<span class=\"_ _0\"></span>materi<span class=\"_ _0\"></span>al<span class=\"_ gsec\"> </span>los<span class=\"_ _0\"></span>s<span class=\"_ gsec\"> </span>allowa<span class=\"_ _0\"></span>nce)<span class=\"_ _3b2\"> </span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h15 ff1 fs5 fc2 sc0 ls103 ws3b gs72e\">Off<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>tting<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs72f\">Fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial ass<span class=\"_ _0\"></span>ets an<span class=\"_ _0\"></span>d liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es are of<span class=\"_ _0\"></span>fse<span class=\"_ _0\"></span>t in th<span class=\"_ _0\"></span>e Co<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>lidated B<span class=\"_ _0\"></span>ala<span class=\"_ _0\"></span>nce S<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t whe<span class=\"_ _0\"></span>n the G<span class=\"_ _0\"></span>roup h<span class=\"_ _0\"></span>as a le<span class=\"_ _0\"></span>gall<span class=\"_ _0\"></span>y enforc<span class=\"_ _0\"></span>eab<span class=\"_ _0\"></span>le ri<span class=\"_ _0\"></span>ght to of<span class=\"_ _0\"></span>fset an<span class=\"_ _0\"></span>d has th<span class=\"_ _0\"></span>e </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs730\">intenti<span class=\"_ _0\"></span>on to set<span class=\"_ _0\"></span>tle the as<span class=\"_ _0\"></span>set and li<span class=\"_ _0\"></span>abili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y on a net basis<span class=\"_ _0\"></span>, or to realise the ass<span class=\"_ _0\"></span>et and lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y simul<span class=\"_ _0\"></span>tan<span class=\"_ _0\"></span>eo<span class=\"_ _0\"></span>usly.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs731\">Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p has n<span class=\"_ _0\"></span>ot entere<span class=\"_ _0\"></span>d into any f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al tran<span class=\"_ _0\"></span>sac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns resu<span class=\"_ _0\"></span>ltin<span class=\"_ _0\"></span>g in f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al asse<span class=\"_ _0\"></span>ts and li<span class=\"_ _0\"></span>abili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s bei<span class=\"_ _0\"></span>ng of<span class=\"_ _0\"></span>fse<span class=\"_ _0\"></span>t in the C<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>soli<span class=\"_ _0\"></span>dated B<span class=\"_ _0\"></span>alan<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 lsb ws42 gs732\">Sh<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t. T<span class=\"_ _0\"></span>he tab<span class=\"_ _0\"></span>le be<span class=\"_ _0\"></span>low shows<span class=\"_ _0\"></span> the fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial as<span class=\"_ _0\"></span>sets an<span class=\"_ _0\"></span>d liabi<span class=\"_ _0\"></span>liti<span class=\"_ _0\"></span>es that are su<span class=\"_ _0\"></span>bje<span class=\"_ _0\"></span>ct to master ne<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g agre<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ents in sh<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>hol<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r asse<span class=\"_ _0\"></span>ts and liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>. </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs733\">Uni<span class=\"_ _0\"></span>t linked ass<span class=\"_ _0\"></span>ets and lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ties have not be<span class=\"_ _0\"></span>en in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d as shareh<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>s are not expo<span class=\"_ _0\"></span>sed to the ris<span class=\"_ _0\"></span>ks on thes<span class=\"_ _0\"></span>e poli<span class=\"_ _0\"></span>cie<span class=\"_ _0\"></span>s.<span class=\"_ _3b2\"> </span></div><div class=\"gs734\"><table class=\"s w293 h16b\" id=\"_5d324622-c773-43e8-932f-256ddd69602b\"><tr><td></td><td></td><td></td><td></td><td class=\"t m2 xa4d h13 y43c5 ff5 fs9 fc1 sc0 ls3d ws86\">Amounts subject to<span class=\"_ _1\"></span> enforceable<span class=\"_ _1\"></span> netting arrangements<span class=\"_ _3b2\"> </span></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"t m2 x94a h13 y43c6 ff5 fs9 fc1 sc0 ls3d ws86\">Amounts under master<span class=\"_ _1\"></span> netting arrangements but<span class=\"_ _1\"></span> not offset<span class=\"_ _3b2\"> </span></td><td></td></tr><tr><td></td><td class=\"t m2 x321 h13 y43c7 ff5 fs9 fc1 sc0 ls18 ws0\">Gr<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>nd n<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t </td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m2 xa4e h13 y43c8 ff5 fs9 fc1 sc0 ls14a ws163\">amounts reported </td><td></td><td></td><td class=\"t m2 x615 h13 y43c9 ff5 fs9 fc1 sc0 ls1 ws0\">Securit<span class=\"_ _0\"></span>ies </td><td></td></tr><tr><td></td><td class=\"t m2 x7be h13 y43ca ff5 fs9 fc1 sc0 ls3c ws4c\">in the<span class=\"_ _1\"></span> Consol<span class=\"_ _1\"></span>idated </td><td class=\"t m2 xa4f h13 y43ca ff5 fs9 fc1 sc0 ls38 ws3b\">Related financial<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x431 h13 y43cb ff5 fs9 fc1 sc0 ls29 ws30\">Cash<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x8d1 h13 y43cb ff5 fs9 fc1 sc0 ls38 ws3a\">collateral<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 h13 y43cb ff5 fs9 fc1 sc0 ls3c ws11e\">Net<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x273 h13 y43cc ff5 fs9 fc1 sc0 ls38 ws3b\">Balance Sheet<span class=\"_ _3b2\"> </span></td><td class=\"c xa51 y43cd w294 h123\"><div class=\"t m2 x1ca h13 y4151 ff5 fs9 fc1 sc0 ls3d ws131\">instruments</div><div class=\"t m2 xa50 h99 y41b3 ff5 fs1b fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c x51e y43cd w17e h123\"><div class=\"t m2 x1ca h13 y4151 ff5 fs9 fc1 sc0 ls38 ws3a\">collateral</div><div class=\"t m2 x57e h99 y41b3 ff5 fs1b fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c xa53 y43cd w295 h123\"><div class=\"t m2 x1ca h13 y4151 ff5 fs9 fc1 sc0 ls3d ws131\">pledged</div><div class=\"t m2 xa52 h99 y41b3 ff5 fs1b fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"t m2 x5cb h13 y43ce ff5 fs9 fc1 sc0 ls3d ws131\">amount<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 h13 y43cf ff5 fs9 fc1 sc0 ls18 ws0\">As a<span class=\"_ _0\"></span>t 31 De<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>4<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x5ef h13 y43cf ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x432 h13 y43d0 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x433 h13 y43d0 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 h13 y43d0 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 h13 y43d0 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y4325 w1fd h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls112 ws1e\">Der<span class=\"_ _0\"></span>ivative assets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa54 y4325 w2f h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">49,195<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa55 y4325 w44 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(48,433)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa56 y4325 w41 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(85)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa57 y4325 w3a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(677)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa58 y4325 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y42f5 w296 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws23\">Rev<span class=\"_ _1\"></span>erse r<span class=\"_ _1\"></span>epurchase<span class=\"_ _1\"></span> agr<span class=\"_ _1\"></span>eements<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa59 y42f5 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">2,630<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa5a y42f5 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa5b y42f5 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x2d4 y42f5 w33 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(2,630)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa5c y42f5 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c2 w21b h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls1 ws0\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa5d y40c2 w215 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">51,825<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa5e y40c2 wd7 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">(48,433)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa5f y40c2 w41 h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">(85)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa60 y40c2 w33 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">(3,307)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa61 y40c2 wa5 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y419e w231 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls112 ws1e\">Der<span class=\"_ _0\"></span>ivative liabiliti<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa62 y419e w44 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(54,274)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa63 y419e w2f h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">48,433<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa64 y419e w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">630<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1e7 y419e w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">5,211<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa65 y419e wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41a9 w297 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls114 ws10d\">Repurch<span class=\"_ _0\"></span>ase agreem<span class=\"_ _0\"></span>ents<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa66 y41a9 w33 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(2,488)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa67 y41a9 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa68 y41a9 wa6 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3ff y41a9 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">2,488<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa69 y41a9 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w21b h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls1 ws0\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa6a y40ae w298 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">(56,762)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x80c y40ae w2f h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">48,433<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa6b y40ae w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">630<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa6c y40ae w36 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">7,699<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa6d y40ae wa5 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"gs735\"><table class=\"s w299 h16c\" id=\"_83583681-1f3c-40c6-ac16-f25d9edad5bb\"><tr><td></td><td></td><td></td><td></td><td class=\"t m2 x26e hf y43d1 ff3 fs9 fc1 sc0 ls18 ws0\">Am<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s su<span class=\"_ _0\"></span>bje<span class=\"_ _0\"></span>ct to e<span class=\"_ _0\"></span>nfo<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>e ne<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g ar<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts<span class=\"_ _3b2\"> </span></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"t m2 xa6e hf y43d2 ff3 fs9 fc1 sc0 ls18 ws0\">Am<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s un<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r mas<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r net<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g ar<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts b<span class=\"_ _0\"></span>ut n<span class=\"_ _0\"></span>ot of<span class=\"_ _0\"></span>fs<span class=\"_ _0\"></span>et<span class=\"_ _3b2\"> </span></td><td></td></tr><tr><td></td><td class=\"t m2 x9f5 hf y43d3 ff3 fs9 fc1 sc0 ls1 ws16\">Gross and<span class=\"_ _1\"></span> net </td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m2 xa6f hf y43d4 ff3 fs9 fc1 sc0 ls1 ws16\">amounts reported in </td><td></td><td></td><td class=\"t m2 x8d1 hf y43d5 ff3 fs9 fc1 sc0 ls168 ws183\">Securi<span class=\"_ _0\"></span>ties </td><td></td></tr><tr><td></td><td class=\"t m2 xa70 hf y43d6 ff3 fs9 fc1 sc0 ls189 ws4b\">the Consolidated </td><td class=\"t m2 xa71 hf y43d6 ff3 fs9 fc1 sc0 ls187 ws41\">Related financial<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x637 hf y43d7 ff3 fs9 fc1 sc0 ls111 wsc0\">Cash<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x42b hf y43d7 ff3 fs9 fc1 sc0 lsee wsf5\">co<span class=\"_ _0\"></span>lla<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>al<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y43d7 ff3 fs9 fc1 sc0 ls1 ws0\">Net<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x321 hf y43d8 ff3 fs9 fc1 sc0 ls187 ws41\">Balance Sheet<span class=\"_ _3b2\"> </span></td><td class=\"c x27d y43d9 w29a h11e\"><div class=\"t m2 x1ca hf y40a5 ff3 fs9 fc1 sc0 ls1b ws1f\">instrume<span class=\"_ _0\"></span>nts</div><div class=\"t m2 xa72 ha4 y41be ff3 fs1b fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c x61d y43d9 w29b h11e\"><div class=\"t m2 x1ca hf y40a5 ff3 fs9 fc1 sc0 lsee wsf5\">co<span class=\"_ _0\"></span>lla<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>al</div><div class=\"t m2 xa73 ha4 y41be ff3 fs1b fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c xa53 y43d9 w29c h11e\"><div class=\"t m2 x1ca hf y40a5 ff3 fs9 fc1 sc0 ls14a ws164\">pledged</div><div class=\"t m2 xa52 ha4 y41be ff3 fs1b fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"t m2 x5cb hf y43da ff3 fs9 fc1 sc0 ls1 ws0\">amount<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 hf y43db ff3 fs9 fc1 sc0 ls18 ws0\">As a<span class=\"_ _0\"></span>t 31 De<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>3<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x5ef hf y43db ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x432 hf y43dc ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x433 hf y43dc ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 hf y43dc ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y43dc ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y40c0 w1fd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls112 ws1e\">Der<span class=\"_ _0\"></span>ivative assets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa74 y40c0 w237 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">38,019<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa75 y40c0 w45 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(37,172)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa76 y40c0 w3b h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(790)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa77 y40c0 w5a h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(57)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa78 y40c0 wbf h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c1 w296 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Rev<span class=\"_ _1\"></span>erse r<span class=\"_ _1\"></span>epurchase<span class=\"_ _1\"></span> agr<span class=\"_ _1\"></span>eements<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa79 y40c1 wc5 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,599<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa7a y40c1 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa7b y40c1 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa7c y40c1 w34 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(1,599)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa7d y40c1 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c2 w236 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls15e ws179\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa7e y40c2 w237 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">39,618<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa7f y40c2 w45 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(37,172)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5d7 y40c2 w3b h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(790)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa80 y40c2 w34 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(1,656)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa81 y40c2 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w231 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls112 ws1e\">Der<span class=\"_ _0\"></span>ivative liabiliti<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa82 y4121 w45 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(40,499)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa83 y4121 wd3 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">37,172<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa84 y4121 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,385<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa85 y4121 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,942<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa86 y4121 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4158 w297 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls114 ws10d\">Repurch<span class=\"_ _0\"></span>ase agreem<span class=\"_ _0\"></span>ents<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa87 y4158 w34 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(2,456)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa88 y4158 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa89 y4158 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa8a y4158 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,456<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa8b y4158 wbf h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w236 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls15e ws179\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa8c y40ae w45 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(42,955)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa8d y40ae wd3 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">37,172<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa8e y40ae w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,385<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa8f y40ae w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">4,398<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa90 y40ae wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs736\">1. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>Re<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d fin<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>l in<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ts o<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>ng a<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s wi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h th<span class=\"_ _0\"></span>e sa<span class=\"_ _0\"></span>me c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y w<span class=\"_ _0\"></span>hi<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>, u<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r ag<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts s<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ch a<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>e I<span class=\"_ _0\"></span>SD<span class=\"_ _0\"></span>A Ma<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>er A<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>, c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ul<span class=\"_ _0\"></span>d be o<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>fs<span class=\"_ _0\"></span>et </div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs737\">an<span class=\"_ _0\"></span>d<span class=\"_ gs4cd\"> </span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d ne<span class=\"_ _0\"></span>t fo<span class=\"_ _0\"></span>ll<span class=\"_ _0\"></span>ow<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g c<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ta<span class=\"_ _0\"></span>in p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>ed e<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs738\">2. <span class=\"_ _15\"> </span>Ca<span class=\"_ _0\"></span>sh a<span class=\"_ _0\"></span>nd s<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s he<span class=\"_ _0\"></span>ld m<span class=\"_ _0\"></span>ay e<span class=\"_ _0\"></span>xce<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d ta<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>t l<span class=\"_ _0\"></span>eve<span class=\"_ _0\"></span>ls d<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>e to th<span class=\"_ _0\"></span>e c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pl<span class=\"_ _0\"></span>ex<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es of o<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>al c<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>l ma<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>, t<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g an<span class=\"_ _0\"></span>d a<span class=\"_ _0\"></span>gr<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s in p<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e wi<span class=\"_ _0\"></span>th i<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>du<span class=\"_ _0\"></span>al c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs739\">In the tab<span class=\"_ _0\"></span>les ab<span class=\"_ _0\"></span>ove, the am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ts of assets or lia<span class=\"_ _0\"></span>bilit<span class=\"_ _0\"></span>ies pre<span class=\"_ _0\"></span>sente<span class=\"_ _0\"></span>d in the Co<span class=\"_ _0\"></span>nsol<span class=\"_ _0\"></span>idated B<span class=\"_ _0\"></span>alan<span class=\"_ _0\"></span>ce S<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>et are offs<span class=\"_ _0\"></span>et fi<span class=\"_ _0\"></span>rst by f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial in<span class=\"_ _0\"></span>str<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ents that<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs73a\">have the rig<span class=\"_ _0\"></span>ht of offset un<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r master ne<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ting or si<span class=\"_ _0\"></span>milar ar<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts with any re<span class=\"_ _0\"></span>maini<span class=\"_ _0\"></span>ng amo<span class=\"_ _0\"></span>unt re<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>ed by cas<span class=\"_ _0\"></span>h and sec<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>itie<span class=\"_ _0\"></span>s coll<span class=\"_ _0\"></span>ateral<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 he ff1 fs8 fc2 sc0 lsb2 ws1c5 gs73c\">18<span class=\"ls8d ws0\">. <span class=\"_ _14\"> </span>I<span class=\"_ _0\"></span>nsura<span class=\"_ _0\"></span>nce risk<span class=\"_ _3b2\"> </span></span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs73d\">Th<span class=\"_ _0\"></span>e Group is exp<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>d to insura<span class=\"_ _0\"></span>nce r<span class=\"_ _0\"></span>isk as a cons<span class=\"_ _0\"></span>equ<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ce of offer<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e prin<span class=\"_ _0\"></span>cip<span class=\"_ _0\"></span>al prod<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>ts outl<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d in Note 7<span class=\"_ _4\"></span>. Insur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e risk is the exp<span class=\"_ _0\"></span>osu<span class=\"_ _0\"></span>re </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs73e\">to<span class=\"_ gsec\"> </span>loss ari<span class=\"_ _0\"></span>sing fro<span class=\"_ _0\"></span>m insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce ris<span class=\"_ _0\"></span>k expe<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e bei<span class=\"_ _0\"></span>ng dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nt to that anticip<span class=\"_ _0\"></span>ated. D<span class=\"_ _0\"></span>etail<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>elow are the in<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e risks ass<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>iated with ea<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs73f\">of<span class=\"_ gsec\"> </span>the Gro<span class=\"_ _0\"></span>up\u2019s segm<span class=\"_ _0\"></span>ents al<span class=\"_ _0\"></span>ong wi<span class=\"_ _0\"></span>th the mit<span class=\"_ _0\"></span>igati<span class=\"_ _0\"></span>ng co<span class=\"_ _0\"></span>ntrol<span class=\"_ _0\"></span>s ope<span class=\"_ _0\"></span>rated<span class=\"_ _0\"></span>. The<span class=\"_ _0\"></span>y are appli<span class=\"_ _0\"></span>cab<span class=\"_ _0\"></span>le to all stated prod<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>ts acros<span class=\"_ _0\"></span>s the Gro<span class=\"_ _0\"></span>up.<span class=\"_ _3b2\"> </span></div><div class=\"gs600\"><table class=\"s w29d h16d\" id=\"_36f38d35-a6de-442d-adef-2ea15e76f97d\"><tr><td class=\"c n x1cb y43dd w1bb h12b\"><div class=\"t m2 x1ca h13 y40ef ff5 fs9 fc1 sc0 ls115 ws121\">Principal risks<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5ec y43dd w1bc h12b\"><div class=\"t m2 x1ca h13 y40ef ff5 fs9 fc1 sc0 ls14a ws164\">Segment<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5ed y43dd w1bd h12b\"><div class=\"t m2 x1ca h13 y40ef ff5 fs9 fc1 sc0 ls115 ws121\">Controls to<span class=\"_ _1\"></span> mitigate risks<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 hb y43de ff6 fs6 fc1 sc0 ls1 ws0\">Longevity,<span class=\"_ _1\"></span> mortality and<span class=\"_ _1\"></span> morbidity ri<span class=\"_ _1\"></span>sks<span class=\"_ _3b2\"> </span></td><td></td><td></td></tr><tr><td class=\"t m2 x206 hc y43df ff4 fs6 fc1 sc0 ls56 ws55\">For co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>ts prov<span class=\"_ _0\"></span>idi<span class=\"_ _0\"></span>ng de<span class=\"_ _0\"></span>ath be<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>, high<span class=\"_ _0\"></span>er mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> </td><td class=\"c n x5f0 y43e0 w112 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls112 ws6\">Retail<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa91 y43e0 w29e h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">T<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>cin<span class=\"_ _0\"></span>g of pro<span class=\"_ _0\"></span>tec<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n bu<span class=\"_ _0\"></span>sin<span class=\"_ _0\"></span>ess i<span class=\"_ _0\"></span>s bas<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>n ass<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>pti<span class=\"_ _0\"></span>ons a<span class=\"_ _0\"></span>s to<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 hc y43e1 ff4 fs6 fc1 sc0 ls56 ws55\">rates wou<span class=\"_ _0\"></span>ld lea<span class=\"_ _0\"></span>d to <span class=\"_ _1\"></span>an inc<span class=\"_ _0\"></span>rea<span class=\"_ _0\"></span>se in clai<span class=\"_ _0\"></span>ms co<span class=\"_ _0\"></span>sts<span class=\"_ _0\"></span>. The c<span class=\"_ _0\"></span>ost<span class=\"_ _0\"></span> </td><td></td><td class=\"t m2 x5ef hc y43e2 ff4 fs6 fc1 sc0 ls56 ws55\">fu<span class=\"_ _0\"></span>ture<span class=\"_ gs5e1\"> </span>t<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>ds<span class=\"_ gs5e1\"> </span>i<span class=\"_ _0\"></span>n mor<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ali<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y and mo<span class=\"_ _0\"></span>rbi<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y havin<span class=\"_ _0\"></span>g rega<span class=\"_ _0\"></span>rd to past expe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ien<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>. </td></tr><tr><td class=\"t m2 x206 hc y43e3 ff4 fs6 fc1 sc0 ls56 ws55\">of<span class=\"_ gs5e1\"> </span>hea<span class=\"_ _0\"></span>lt<span class=\"_ _0\"></span>h relate<span class=\"_ _0\"></span>d claim<span class=\"_ _0\"></span>s dep<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ds on bot<span class=\"_ _0\"></span>h the inc<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> </td><td></td><td class=\"t m2 x5ef h1a y43e4 ff3 fs6 fc1 sc0 ls56 ws0\">Un<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>wr<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>ng c<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>ia are d<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>ed s<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng o<span class=\"_ _0\"></span>ut th<span class=\"_ _0\"></span>e ri<span class=\"_ _0\"></span>sks t<span class=\"_ _0\"></span>hat a<span class=\"_ _0\"></span>re una<span class=\"_ _0\"></span>cc<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ptab<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> </td></tr><tr><td class=\"t m2 x206 hc y43e5 ff4 fs6 fc1 sc0 ls56 ws55\">of<span class=\"_ gs5e1\"> </span>po<span class=\"_ _0\"></span>lic<span class=\"_ _0\"></span>yh<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>rs be<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ng ill and the du<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>ion ove<span class=\"_ _0\"></span>r whic<span class=\"_ _0\"></span>h </td><td></td><td class=\"t m2 x5ef hc y43e6 ff4 fs6 fc1 sc0 ls56 ws55\">and<span class=\"_ gs5e1\"> </span>t<span class=\"_ _0\"></span>he ter<span class=\"_ _0\"></span>ms for non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>nda<span class=\"_ _0\"></span>rd ris<span class=\"_ _0\"></span>ks pres<span class=\"_ _0\"></span>ente<span class=\"_ _0\"></span>d by the lives to be insu<span class=\"_ _0\"></span>red<span class=\"_ _0\"></span>. </td></tr><tr><td class=\"t m2 x206 hc y43e7 ff4 fs6 fc1 sc0 ls56 ws55\">the<span class=\"_ _0\"></span>y rema<span class=\"_ _0\"></span>in ill. Hi<span class=\"_ _0\"></span>ghe<span class=\"_ _0\"></span>r than ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d inci<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e or dur<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n </td><td></td><td class=\"t m2 x5ef hc y43e8 ff4 fs6 fc1 sc0 ls56 ws55\">E<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>ten<span class=\"_ _0\"></span>sive us<span class=\"_ _0\"></span>e of <span class=\"_ _1\"></span>rei<span class=\"_ _0\"></span>nsu<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e is made wit<span class=\"_ _0\"></span>hin the U<span class=\"_ _0\"></span>K retail pr<span class=\"_ _0\"></span>otec<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n busi<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>, </td></tr><tr><td class=\"t m2 x206 h1a y43e9 ff3 fs6 fc1 sc0 ls56 ws0\">woul<span class=\"_ _0\"></span>d in<span class=\"_ _0\"></span>cre<span class=\"_ _0\"></span>ase c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ts ove<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e leve<span class=\"_ _0\"></span>l cu<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ly as<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>d in<span class=\"_ _0\"></span> </td><td></td><td class=\"t m2 x5ef hc y43ea ff4 fs6 fc1 sc0 ls56 ws55\">pla<span class=\"_ _0\"></span>cin<span class=\"_ _0\"></span>g a prop<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n of <span class=\"_ _1\"></span>all ris<span class=\"_ _0\"></span>ks me<span class=\"_ _0\"></span>eti<span class=\"_ _0\"></span>ng pre<span class=\"_ _0\"></span>sc<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d cri<span class=\"_ _0\"></span>teri<span class=\"_ _0\"></span>a. Mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ali<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y and </td></tr><tr><td class=\"t m2 x206 hc y43eb ff4 fs6 fc1 sc0 ls56 ws55\">the ca<span class=\"_ _0\"></span>lc<span class=\"_ _0\"></span>ulat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n of <span class=\"_ _1\"></span>lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m2 x5ef h1a y43ec ff3 fs6 fc1 sc0 ls56 ws0\">mo<span class=\"_ _0\"></span>rb<span class=\"_ _0\"></span>idi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y exp<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e is c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>par<span class=\"_ _0\"></span>ed to th<span class=\"_ _0\"></span>at as<span class=\"_ _0\"></span>sum<span class=\"_ _0\"></span>ed w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>hin t<span class=\"_ _0\"></span>he pr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g and<span class=\"_ _0\"></span> </td></tr><tr><td></td><td></td><td class=\"t m2 x5ef hc y43ed ff4 fs6 fc1 sc0 ls56 ws55\">rese<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g basis wit<span class=\"_ _0\"></span>h vari<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>es su<span class=\"_ _0\"></span>bje<span class=\"_ _0\"></span>ct to actu<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ial inves<span class=\"_ _0\"></span>tig<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 hc y43ee ff4 fs6 fc1 sc0 ls56 ws55\">For an<span class=\"_ _0\"></span>nui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s, th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p is expos<span class=\"_ _0\"></span>ed to the risk th<span class=\"_ _0\"></span>at </td><td class=\"t m2 x5ee h1a y43ef ff3 fs6 fc1 sc0 ls112 ws1e\">Institu<span class=\"_ _0\"></span>tional Reti<span class=\"_ _0\"></span>remen<span class=\"_ _0\"></span>t </td><td class=\"t m2 x5ef h1a y43ef ff3 fs6 fc1 sc0 ls56 ws0\">An<span class=\"_ _0\"></span>nui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y bu<span class=\"_ _0\"></span>sin<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>s is pr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ed h<span class=\"_ _0\"></span>avi<span class=\"_ _0\"></span>ng re<span class=\"_ _0\"></span>ga<span class=\"_ _0\"></span>rd to cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nt l<span class=\"_ _0\"></span>evel<span class=\"_ _0\"></span>s and t<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>ds i<span class=\"_ _0\"></span>n </td></tr><tr><td class=\"t m2 x206 hc y43f0 ff4 fs6 fc1 sc0 ls56 ws55\">mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y exp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e is lower tha<span class=\"_ _0\"></span>n assu<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>d. Lowe<span class=\"_ _0\"></span>r than<span class=\"_ _0\"></span> </td><td class=\"t m2 x5ee h1a y43f1 ff3 fs6 fc1 sc0 ls56 ws0\">and R<span class=\"_ _0\"></span>eta<span class=\"_ _0\"></span>il<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x5ef hc y43f1 ff4 fs6 fc1 sc0 ls56 ws55\">imp<span class=\"_ _0\"></span>rove<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts in fu<span class=\"_ _0\"></span>tur<span class=\"_ _0\"></span>e mor<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ali<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y. <span class=\"_ _1\"></span>En<span class=\"_ _0\"></span>han<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>d ann<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s, whi<span class=\"_ _0\"></span>ch are pr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ed tak<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g </td></tr><tr><td class=\"t m2 x206 h1a y43f2 ff3 fs6 fc1 sc0 ls56 ws0\">exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted m<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>tali<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y wou<span class=\"_ _0\"></span>ld re<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>ire pa<span class=\"_ _0\"></span>ym<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s to be m<span class=\"_ _0\"></span>ade<span class=\"_ _0\"></span> </td><td></td><td class=\"t m2 x5ef hc y43f3 ff4 fs6 fc1 sc0 ls56 ws55\">acc<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>unt of impa<span class=\"_ _0\"></span>ir<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts to life expe<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>cy, are subje<span class=\"_ _0\"></span>ct to spe<span class=\"_ _0\"></span>cif<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>c unde<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>wr<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g </td></tr><tr><td class=\"t m2 x206 hc y43f4 ff4 fs6 fc1 sc0 ls56 ws55\">for<span class=\"_ gs5e1\"> </span>lo<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>er an<span class=\"_ _0\"></span>d inc<span class=\"_ _0\"></span>reas<span class=\"_ _0\"></span>e the cos<span class=\"_ _0\"></span>t of bene<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ts prov<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>. </td><td></td><td class=\"t m2 x5ef hc y43f5 ff4 fs6 fc1 sc0 ls56 ws55\">cr<span class=\"_ _0\"></span>iter<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>. Ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>in annu<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ant mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ali<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y risks<span class=\"_ _0\"></span>, inc<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>g enh<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d annui<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, are </td></tr><tr><td class=\"t m2 x206 h1a y43f6 ff3 fs6 fc1 sc0 ls56 ws0\">Life<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>e mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tg<span class=\"_ _0\"></span>age b<span class=\"_ _0\"></span>usi<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>ss al<span class=\"_ _0\"></span>so ex<span class=\"_ _0\"></span>pli<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>tly h<span class=\"_ _0\"></span>as so<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span> </td><td></td><td class=\"t m2 x5ef hc y43f7 ff4 fs6 fc1 sc0 ls56 ws55\">pla<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>d with rei<span class=\"_ _0\"></span>nsu<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>. The Gro<span class=\"_ _0\"></span>up re<span class=\"_ _0\"></span>gul<span class=\"_ _0\"></span>arl<span class=\"_ _0\"></span>y revi<span class=\"_ _0\"></span>ews its mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ali<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y expe<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span> </td></tr><tr><td class=\"t m2 x206 hc y43f8 ff4 fs6 fc1 sc0 ls56 ws55\">exp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ure to the life expe<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>cy of bor<span class=\"_ _0\"></span>rowe<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>. </td><td></td><td class=\"t m2 x5ef hc y43f9 ff4 fs6 fc1 sc0 ls56 ws55\">and<span class=\"_ gs5e1\"> </span>i<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>ust<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y pro<span class=\"_ _0\"></span>jec<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ons of lon<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y and adjus<span class=\"_ _0\"></span>ts the pr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ing an<span class=\"_ _0\"></span>d valua<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n </td></tr><tr><td></td><td></td><td class=\"t m2 x5ef hc y43fa ff4 fs6 fc1 sc0 ls56 ws55\">ass<span class=\"_ _0\"></span>ump<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>rdi<span class=\"_ _0\"></span>ngl<span class=\"_ _0\"></span>y. <span class=\"_ _1\"></span>Th<span class=\"_ _0\"></span>e sel<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve use of reinsu<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e acts to redu<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span> </td></tr><tr><td></td><td></td><td class=\"t m2 x5ef hc y43fb ff4 fs6 fc1 sc0 ls56 ws55\">the<span class=\"_ gs5e1\"> </span>i<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>act of sign<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t futu<span class=\"_ _0\"></span>re vari<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ons in life exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>y. <span class=\"_ _1\"></span>In pri<span class=\"_ _0\"></span>cin<span class=\"_ _0\"></span>g lifeti<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span> </td></tr><tr><td></td><td></td><td class=\"t m2 x5ef hc y43fc ff4 fs6 fc1 sc0 ls56 ws55\">mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tga<span class=\"_ _0\"></span>ge bus<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>, acc<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nt is taken of leve<span class=\"_ _0\"></span>ls and tre<span class=\"_ _0\"></span>nds in mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y rate<span class=\"_ _0\"></span>s </td></tr><tr><td></td><td></td><td class=\"t m2 x5ef hc y43fd ff4 fs6 fc1 sc0 ls56 ws55\">in<span class=\"_ gs5e1\"> </span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g the amo<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>ts that are adv<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d to <span class=\"_ _1\"></span>bo<span class=\"_ _0\"></span>rro<span class=\"_ _0\"></span>wer<span class=\"_ _0\"></span>s relati<span class=\"_ _0\"></span>ve to the value<span class=\"_ _0\"></span> </td></tr><tr><td></td><td></td><td class=\"t m2 x5ef hc y43fe ff4 fs6 fc1 sc0 ls56 ws55\">of<span class=\"_ gs5e1\"> </span>the pro<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y on whi<span class=\"_ _0\"></span>ch th<span class=\"_ _0\"></span>e loan is se<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 hb y43ff ff5 fs6 fc1 sc0 ls11e ws5c\">Persistency risk<span class=\"_ _3b2\"> </span></td><td></td><td></td></tr><tr><td class=\"t m2 x206 hc y4400 ff4 fs6 fc1 sc0 ls56 ws55\">In the ear<span class=\"_ _0\"></span>ly yea<span class=\"_ _0\"></span>rs of a polic<span class=\"_ _0\"></span>y, <span class=\"_ _1\"></span>lap<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s may resul<span class=\"_ _0\"></span>t in a <span class=\"_ _1\"></span>los<span class=\"_ _0\"></span>s </td><td class=\"c n x5f0 y4401 w112 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls112 ws6\">Retail<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa91 y4401 w29f h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">T<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>cin<span class=\"_ _0\"></span>g an<span class=\"_ _0\"></span>d valu<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on as<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>mpt<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s for p<span class=\"_ _0\"></span>rotec<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on b<span class=\"_ _0\"></span>usi<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>s in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>de<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 hc y4402 ff4 fs6 fc1 sc0 ls56 ws55\">to<span class=\"_ gs5e1\"> </span>the Gro<span class=\"_ _0\"></span>up, as the ac<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>sit<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n cost<span class=\"_ _0\"></span>s asso<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>ated wit<span class=\"_ _0\"></span>h </td><td></td><td class=\"t m2 x5ef hc y4403 ff4 fs6 fc1 sc0 ls56 ws55\">allo<span class=\"_ _0\"></span>wan<span class=\"_ _0\"></span>ce for pol<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>y lapse<span class=\"_ _0\"></span>s. L<span class=\"_ _0\"></span>aps<span class=\"_ _0\"></span>e risk is som<span class=\"_ _0\"></span>ewh<span class=\"_ _0\"></span>at mit<span class=\"_ _0\"></span>igate<span class=\"_ _0\"></span>d by reins<span class=\"_ _0\"></span>ura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e.<span class=\"_ _0\"></span> </td></tr><tr><td class=\"t m2 x206 hc y4404 ff4 fs6 fc1 sc0 ls56 ws55\">the<span class=\"_ gs5e1\"> </span>c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>ct wou<span class=\"_ _0\"></span>ld not have be<span class=\"_ _0\"></span>en re<span class=\"_ _0\"></span>cove<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d from<span class=\"_ _0\"></span> </td><td></td><td class=\"t m2 x5ef h1a y4405 ff3 fs6 fc1 sc0 ls56 ws0\">Act<span class=\"_ _0\"></span>ual t<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>ds i<span class=\"_ _0\"></span>n po<span class=\"_ _0\"></span>lic<span class=\"_ _0\"></span>y lap<span class=\"_ _0\"></span>se ra<span class=\"_ _0\"></span>tes are m<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ito<span class=\"_ _0\"></span>red a<span class=\"_ _0\"></span>gai<span class=\"_ _0\"></span>nst t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>se as<span class=\"_ _0\"></span>sum<span class=\"_ _0\"></span>pti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>s </td></tr><tr><td class=\"t m2 x206 hc y4406 ff4 fs6 fc1 sc0 ls56 ws55\">pro<span class=\"_ _0\"></span>du<span class=\"_ _0\"></span>ct<span class=\"_ gs5e1\"> </span>m<span class=\"_ _0\"></span>argi<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m2 x5ef hc y4407 ff4 fs6 fc1 sc0 ls56 ws55\">wit<span class=\"_ _0\"></span>h varia<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>es be<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g subje<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t to <span class=\"_ _1\"></span>act<span class=\"_ _0\"></span>uar<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>l invest<span class=\"_ _0\"></span>iga<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n.<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 hb y4408 ff5 fs6 fc1 sc0 ls11e ws5c\">Expe<span class=\"_ _0\"></span>nse risk<span class=\"_ _3b2\"> </span></td><td></td><td></td></tr><tr><td class=\"t m2 x206 hc y4409 ff4 fs6 fc1 sc0 ls56 ws55\">In pri<span class=\"_ _0\"></span>cin<span class=\"_ _0\"></span>g lon<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>m insur<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce bu<span class=\"_ _0\"></span>sin<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>, ass<span class=\"_ _0\"></span>ump<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span> </td><td class=\"t m2 x5ee h1a y440a ff3 fs6 fc1 sc0 ls112 ws1e\">Institu<span class=\"_ _0\"></span>tional Reti<span class=\"_ _0\"></span>remen<span class=\"_ _0\"></span>t </td><td class=\"t m2 x5ef hc y440a ff4 fs6 fc1 sc0 ls56 ws55\">In dete<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>ini<span class=\"_ _0\"></span>ng pri<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>ng assu<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>, acc<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nt is taken of expe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted pri<span class=\"_ _0\"></span>ce an<span class=\"_ _0\"></span>d </td></tr><tr><td class=\"t m2 x206 hc y440b ff4 fs6 fc1 sc0 ls56 ws55\">are<span class=\"_ gs5e1\"> </span>ma<span class=\"_ _0\"></span>de as to the futu<span class=\"_ _0\"></span>re cos<span class=\"_ _0\"></span>t of produ<span class=\"_ _0\"></span>ct se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>. </td><td class=\"t m2 x5ee h1a y440c ff3 fs6 fc1 sc0 ls56 ws0\">and R<span class=\"_ _0\"></span>eta<span class=\"_ _0\"></span>il<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x5ef hc y440c ff4 fs6 fc1 sc0 ls56 ws55\">wage inf<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n, wi<span class=\"_ _0\"></span>th stre<span class=\"_ _0\"></span>ss test<span class=\"_ _0\"></span>ing us<span class=\"_ _0\"></span>ed to evalua<span class=\"_ _0\"></span>te the effe<span class=\"_ _0\"></span>ct of sign<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant<span class=\"_ _0\"></span> </td></tr><tr><td class=\"t m2 x206 hc y440d ff4 fs6 fc1 sc0 ls56 ws55\">A<span class=\"_ gs5e1\"> </span>sig<span class=\"_ _0\"></span>nif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t adve<span class=\"_ _0\"></span>rse di<span class=\"_ _0\"></span>verg<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e in actua<span class=\"_ _0\"></span>l expe<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>es </td><td></td><td class=\"t m2 x5ef hc y440e ff4 fs6 fc1 sc0 ls56 ws55\">dev<span class=\"_ _0\"></span>iati<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>s. Ac<span class=\"_ _0\"></span>tua<span class=\"_ _0\"></span>l prod<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>t ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ing co<span class=\"_ _0\"></span>sts are mo<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>tore<span class=\"_ _0\"></span>d rela<span class=\"_ _0\"></span>tive to the cos<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span> </td></tr><tr><td class=\"t m2 x206 hc y440f ff4 fs6 fc1 sc0 ls56 ws55\">exp<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e cou<span class=\"_ _0\"></span>ld red<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>e prod<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>t prof<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>abi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y.<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m2 x5ef hc y4410 ff4 fs6 fc1 sc0 ls56 ws55\">ass<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ed wit<span class=\"_ _0\"></span>hin th<span class=\"_ _0\"></span>e prod<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>t pric<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g basis<span class=\"_ _0\"></span>, with va<span class=\"_ _0\"></span>ria<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>es inve<span class=\"_ _0\"></span>sti<span class=\"_ _0\"></span>gate<span class=\"_ _0\"></span>d.<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 hb y4411 ff5 fs6 fc1 sc0 ls50 ws3f\">Concentration<span class=\"_ _1\"></span> (<span class=\"_ _1\"></span>catastrophe<span class=\"_ _1\"></span>) r<span class=\"_ _1\"></span>isk<span class=\"_ _3b2\"> </span></td><td></td><td></td></tr><tr><td class=\"t m2 x206 hc y4412 ff4 fs6 fc1 sc0 ls56 ws55\">Ins<span class=\"_ _0\"></span>ura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e risk may be co<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>ted in ge<span class=\"_ _0\"></span>ogr<span class=\"_ _0\"></span>ap<span class=\"_ _0\"></span>hic re<span class=\"_ _0\"></span>gio<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>, </td><td class=\"c n x5f0 y4413 w112 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls112 ws6\">Retail<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa91 y4413 w2a0 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls57 ws0\">G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p prote<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n bus<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>ss c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s inc<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>de an \u2018e<span class=\"_ _0\"></span>ven<span class=\"_ _0\"></span>t lim<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>\u2019 c<span class=\"_ _0\"></span>ap<span class=\"_ _0\"></span>pin<span class=\"_ _0\"></span>g the tot<span class=\"_ _0\"></span>al<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 hc y4414 ff4 fs6 fc1 sc0 ls56 ws55\">alte<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ng the ris<span class=\"_ _0\"></span>k prof<span class=\"_ _0\"></span>ile of the Gro<span class=\"_ _0\"></span>up. T<span class=\"_ _0\"></span>he mos<span class=\"_ _0\"></span>t sign<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t </td><td></td><td class=\"t m2 x5ef hc y4415 ff4 fs6 fc1 sc0 ls57 ws2c\">liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y unde<span class=\"_ _0\"></span>r the poli<span class=\"_ _0\"></span>cy from a singl<span class=\"_ _0\"></span>e event<span class=\"_ _0\"></span>. Exc<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>s of <span class=\"_ _1\"></span>loss rei<span class=\"_ _0\"></span>nsu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce fur<span class=\"_ _3\"></span>the<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> </td></tr><tr><td class=\"t m2 x206 hc y4416 ff4 fs6 fc1 sc0 ls56 ws55\">exp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ure of this ty<span class=\"_ _0\"></span>pe ar<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>s for grou<span class=\"_ _0\"></span>p protec<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n bus<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>, </td><td></td><td class=\"t m2 x5ef hc y4417 ff4 fs6 fc1 sc0 ls57 ws2c\">mit<span class=\"_ _0\"></span>iga<span class=\"_ _0\"></span>tes loss fro<span class=\"_ _0\"></span>m the expos<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>. Addi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal<span class=\"_ _0\"></span>ly, expos<span class=\"_ _0\"></span>ure by loca<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n is <span class=\"_ _1\"></span>mo<span class=\"_ _0\"></span>nito<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d </td></tr><tr><td class=\"t m2 x206 h1a y4418 ff3 fs6 fc1 sc0 ls56 ws0\">whe<span class=\"_ _0\"></span>re a si<span class=\"_ _0\"></span>ngl<span class=\"_ _0\"></span>e eve<span class=\"_ _0\"></span>nt c<span class=\"_ _0\"></span>oul<span class=\"_ _0\"></span>d res<span class=\"_ _0\"></span>ul<span class=\"_ _0\"></span>t in a la<span class=\"_ _0\"></span>rge n<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r of </td><td></td><td class=\"t m2 x5ef hc y4419 ff4 fs6 fc1 sc0 ls57 ws2c\">to <span class=\"_ _1\"></span>en<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>e there is a <span class=\"_ _1\"></span>geo<span class=\"_ _0\"></span>gr<span class=\"_ _0\"></span>ap<span class=\"_ _0\"></span>hic spr<span class=\"_ _0\"></span>ead of risk<span class=\"_ _0\"></span>. Catas<span class=\"_ _0\"></span>tro<span class=\"_ _0\"></span>ph<span class=\"_ _0\"></span>e reins<span class=\"_ _0\"></span>ura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e cover also<span class=\"_ _0\"></span> </td></tr><tr><td class=\"t m2 x206 hc y441a ff4 fs6 fc1 sc0 ls55 ws132\">related <span class=\"_ _1\"></span>claims.<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m2 x5ef hc y441b ff4 fs6 fc1 sc0 ls57 ws2c\">mit<span class=\"_ _0\"></span>iga<span class=\"_ _0\"></span>tes loss fro<span class=\"_ _0\"></span>m conc<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns of <span class=\"_ _1\"></span>ris<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 hb y441c ff5 fs6 fc1 sc0 ls11b ws2a\">Epidemic (<span class=\"_ _1\"></span>catast<span class=\"_ _0\"></span>rophe) r<span class=\"_ _1\"></span>isk<span class=\"_ _3b2\"> </span></td><td></td><td></td></tr><tr><td class=\"t m2 x206 h1a y441d ff3 fs6 fc1 sc0 ls56 ws0\">Th<span class=\"_ _0\"></span>e sp<span class=\"_ _0\"></span>read o<span class=\"_ _0\"></span>f an ep<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>emi<span class=\"_ _0\"></span>c co<span class=\"_ _0\"></span>ul<span class=\"_ _0\"></span>d cau<span class=\"_ _0\"></span>se l<span class=\"_ _0\"></span>arg<span class=\"_ _0\"></span>e </td><td class=\"c n x5f0 y441e w112 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls112 ws6\">Retail<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa91 y441e w2a1 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">T<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>cin<span class=\"_ _0\"></span>g bas<span class=\"_ _0\"></span>is for p<span class=\"_ _0\"></span>rote<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on b<span class=\"_ _0\"></span>usi<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>ss in<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>es an a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt of po<span class=\"_ _0\"></span>tenti<span class=\"_ _0\"></span>al<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 hc y441f ff4 fs6 fc1 sc0 ls56 ws55\">agg<span class=\"_ _0\"></span>reg<span class=\"_ _0\"></span>ate<span class=\"_ gs5e1\"> </span>cl<span class=\"_ _0\"></span>aim<span class=\"_ _0\"></span>s acro<span class=\"_ _0\"></span>ss the Gro<span class=\"_ _0\"></span>up<span class=\"_ _0\"></span>\u2019s por<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>fol<span class=\"_ _0\"></span>io </td><td></td><td class=\"t m2 x5ef hc y4420 ff4 fs6 fc1 sc0 ls56 ws55\">cla<span class=\"_ _0\"></span>ims as a resul<span class=\"_ _0\"></span>t of epide<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>c risks<span class=\"_ _0\"></span>. Qu<span class=\"_ _0\"></span>ota sha<span class=\"_ _0\"></span>re and exce<span class=\"_ _0\"></span>ss of loss rei<span class=\"_ _0\"></span>nsu<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e </td></tr><tr><td class=\"t m2 x206 hc y4421 ff4 fs6 fc1 sc0 ls56 ws55\">of<span class=\"_ gs5e1\"> </span>prote<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ion<span class=\"_ gs5e1\"> </span>b<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m2 x5ef hc y4422 ff4 fs6 fc1 sc0 ls56 ws55\">co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>ts are use<span class=\"_ _0\"></span>d by indiv<span class=\"_ _0\"></span>idu<span class=\"_ _0\"></span>al and gro<span class=\"_ _0\"></span>up prote<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n, res<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ive<span class=\"_ _0\"></span>ly, to <span class=\"_ _1\"></span>fur<span class=\"_ _3\"></span>the<span class=\"_ _0\"></span>r </td></tr><tr><td></td><td></td><td class=\"t m2 x5ef hc y4423 ff4 fs6 fc1 sc0 ls56 ws55\">mit<span class=\"_ _0\"></span>iga<span class=\"_ _0\"></span>te the risk<span class=\"_ _0\"></span>. De<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>ing on th<span class=\"_ _0\"></span>e natur<span class=\"_ _0\"></span>e of <span class=\"_ _1\"></span>an epi<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>c, mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span> </td></tr><tr><td></td><td></td><td class=\"t m2 x5ef hc y4424 ff4 fs6 fc1 sc0 ls56 ws55\">may lea<span class=\"_ _0\"></span>d to <span class=\"_ _1\"></span>a redu<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on in the co<span class=\"_ _0\"></span>st of clai<span class=\"_ _0\"></span>ms for ann<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y bu<span class=\"_ _0\"></span>sin<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>s. Pr<span class=\"_ _0\"></span>ici<span class=\"_ _0\"></span>ng for<span class=\"_ _0\"></span> </td></tr><tr><td></td><td></td><td class=\"t m2 x5ef hc y4425 ff4 fs6 fc1 sc0 ls56 ws55\">new bu<span class=\"_ _0\"></span>sin<span class=\"_ _0\"></span>ess c<span class=\"_ _0\"></span>an also be up<span class=\"_ _0\"></span>date<span class=\"_ _0\"></span>d to <span class=\"_ _1\"></span>ref<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>ct th<span class=\"_ _0\"></span>e chan<span class=\"_ _0\"></span>ge in exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted cl<span class=\"_ _0\"></span>aim<span class=\"_ _0\"></span>s.<span class=\"_ _3b2\"> </span></td></tr></table></div><div class=\"t m2 h15 ff1 fs5 fc2 sc0 ls18 ws0 gs740\">Acc<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>mu<span class=\"_ _0\"></span>lat<span class=\"_ _0\"></span>ion of r<span class=\"_ _0\"></span>isk<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs741\">Th<span class=\"_ _0\"></span>ere is limi<span class=\"_ _0\"></span>ted potenti<span class=\"_ _0\"></span>al for singl<span class=\"_ _0\"></span>e incid<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts to give rise to a <span class=\"_ _1\"></span>larg<span class=\"_ _0\"></span>e numb<span class=\"_ _0\"></span>er of claim<span class=\"_ _0\"></span>s acros<span class=\"_ _0\"></span>s the dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nt co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>ct t<span class=\"_ _0\"></span>yp<span class=\"_ _0\"></span>es wri<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ten by the Grou<span class=\"_ _0\"></span>p. </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs742\">However, there are poten<span class=\"_ _0\"></span>tially ma<span class=\"_ _0\"></span>terial c<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>relati<span class=\"_ _0\"></span>ons of insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce ris<span class=\"_ _0\"></span>k with othe<span class=\"_ _0\"></span>r ty<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>s of risk expo<span class=\"_ _0\"></span>sure<span class=\"_ _0\"></span>. The Gro<span class=\"_ _0\"></span>up\u2019s capi<span class=\"_ _0\"></span>tal mo<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>l see<span class=\"_ _0\"></span>ks </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs743\">to<span class=\"_ gsec\"> </span>measu<span class=\"_ _0\"></span>re risk co<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>latio<span class=\"_ _0\"></span>ns par<span class=\"_ _3\"></span>ticul<span class=\"_ _0\"></span>arl<span class=\"_ _0\"></span>y thos<span class=\"_ _0\"></span>e that would tend to be mo<span class=\"_ _0\"></span>re acu<span class=\"_ _0\"></span>te as the under<span class=\"_ _0\"></span>ly<span class=\"_ _0\"></span>ing ris<span class=\"_ _0\"></span>k sce<span class=\"_ _0\"></span>nar<span class=\"_ _0\"></span>ios be<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ome m<span class=\"_ _0\"></span>ore ex<span class=\"_ _0\"></span>tre<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>. </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs744\">An<span class=\"_ gsec\"> </span>exa<span class=\"_ _0\"></span>mpl<span class=\"_ _0\"></span>e of the accu<span class=\"_ _0\"></span>mul<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of risk is the cor<span class=\"_ _0\"></span>relat<span class=\"_ _0\"></span>ion be<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n reinsu<span class=\"_ _0\"></span>rer cre<span class=\"_ _0\"></span>dit r<span class=\"_ _0\"></span>isk with m<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>alit<span class=\"_ _0\"></span>y an<span class=\"_ _0\"></span>d mor<span class=\"_ _0\"></span>bidi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y expo<span class=\"_ _0\"></span>sure<span class=\"_ _0\"></span>s.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h15 ff1 fs5 fc2 sc0 ls18 ws0 gs745\">Op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>iona<span class=\"_ _0\"></span>l r<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>k<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs746\">Op<span class=\"_ _0\"></span>erat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>al risk is def<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d as loss ar<span class=\"_ _0\"></span>isin<span class=\"_ _0\"></span>g from ina<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>quate or faile<span class=\"_ _0\"></span>d inter<span class=\"_ _0\"></span>nal pro<span class=\"_ _0\"></span>ces<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>, pe<span class=\"_ _0\"></span>opl<span class=\"_ _0\"></span>e, sys<span class=\"_ _0\"></span>tems or ex<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>nal even<span class=\"_ _0\"></span>ts. Poten<span class=\"_ _0\"></span>tial for exp<span class=\"_ _0\"></span>osure<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs747\">to such ris<span class=\"_ _0\"></span>k ex<span class=\"_ _0\"></span>tends to all of the Group\u2019s busin<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>es. T<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up has co<span class=\"_ _0\"></span>nst<span class=\"_ _0\"></span>ruc<span class=\"_ _0\"></span>ted a fram<span class=\"_ _0\"></span>ewor<span class=\"_ _0\"></span>k of interna<span class=\"_ _0\"></span>l cont<span class=\"_ _0\"></span>rols to minimis<span class=\"_ _0\"></span>e materia<span class=\"_ _0\"></span>l loss fro<span class=\"_ _0\"></span>m </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs748\">ope<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>l risk event<span class=\"_ _0\"></span>s reco<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>sing that n<span class=\"_ _0\"></span>o system of intern<span class=\"_ _0\"></span>al co<span class=\"_ _0\"></span>ntrol c<span class=\"_ _0\"></span>an com<span class=\"_ _0\"></span>pl<span class=\"_ _0\"></span>etely eli<span class=\"_ _0\"></span>mina<span class=\"_ _0\"></span>te the risk of erro<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>, fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial los<span class=\"_ _0\"></span>s, fr<span class=\"_ _0\"></span>audu<span class=\"_ _0\"></span>len<span class=\"_ _0\"></span>t actio<span class=\"_ _0\"></span>n </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs749\">or<span class=\"_ gsec\"> </span>rep<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>nal dam<span class=\"_ _0\"></span>age.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialRiskManagementExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-647": {
   "value": "Ma<span class=\"_ _0\"></span>rket r<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>sk<span class=\"_ _3b2\"> </span>E<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>osur<span class=\"_ _0\"></span>e to <span class=\"_ _1\"></span>los<span class=\"_ _0\"></span>s as a direct o<span class=\"_ _0\"></span>r indire<span class=\"_ _0\"></span>ct res<span class=\"_ _0\"></span>ult of flu<span class=\"_ _0\"></span>ctu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns in the valu<span class=\"_ _0\"></span>e of, <span class=\"_ _1\"></span>or inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e from<span class=\"_ _0\"></span>, sp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ifi<span class=\"_ _0\"></span>c asse<span class=\"_ _0\"></span>ts.<span class=\"_ _3b2\"> </span>Ma<span class=\"_ _0\"></span>rket risks<span class=\"_ _3b2\"> </span><table class=\"s w1ba h146\" id=\"_14316737-0ce0-4255-8771-77e11cfb5a59\"><tr><td class=\"c n x1cb y41fc w1bb h12b\"><div class=\"t m0 x1ca h13 y40ef ff5 fs9 fc1 sc0 ls115 ws121\">Principal risks<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5ec y41fc w1bc h12b\"><div class=\"t m0 x1ca h13 y40ef ff5 fs9 fc1 sc0 ls14a ws164\">Segment<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5ed y41fc w1bd h12b\"><div class=\"t m0 x1ca h13 y40ef ff5 fs9 fc1 sc0 ls115 ws121\">Controls to<span class=\"_ _1\"></span> mitigate risks<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 hb y41fd ff6 fs6 fc1 sc0 ls56 ws55\">Inve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e ris<span class=\"_ _0\"></span>k<span class=\"_ _3b2\"> </span></td><td></td><td></td></tr><tr><td class=\"t m0 x206 hc y41fe ff4 fs6 fc1 sc0 ls56 ws55\">Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p is expo<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d to <span class=\"_ _1\"></span>the ris<span class=\"_ _0\"></span>k that the in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me fro<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>, </td><td class=\"t m0 x5ee hc y41ff ff4 fs6 fc1 sc0 ls113 ws11f\">Asset <span class=\"_ _1\"></span>Management, </td><td class=\"t m0 x5ef h1a y4200 ff3 fs6 fc1 sc0 ls56 ws0\">Mo<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>ls are u<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d to ass<span class=\"_ _0\"></span>ess t<span class=\"_ _0\"></span>he i<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>ct of a r<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ge of fu<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>re ret<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>n sc<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ari<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span> </td></tr><tr><td class=\"t m0 x206 hc y4201 ff4 fs6 fc1 sc0 ls56 ws55\">and<span class=\"_ gs5e1\"> </span>v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e of, <span class=\"_ _1\"></span>ass<span class=\"_ _0\"></span>ets he<span class=\"_ _0\"></span>ld to back ins<span class=\"_ _0\"></span>ura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s and </td><td class=\"t m0 x5ee h1a y4202 ff3 fs6 fc1 sc0 ls112 ws1e\">Institu<span class=\"_ _0\"></span>tional Reti<span class=\"_ _0\"></span>remen<span class=\"_ _0\"></span>t </td><td class=\"t m0 x5ef hc y4203 ff4 fs6 fc1 sc0 ls56 ws55\">on<span class=\"_ gs5e1\"> </span>inv<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt valu<span class=\"_ _0\"></span>es an<span class=\"_ _0\"></span>d asso<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>ted liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s in orde<span class=\"_ _0\"></span>r to determ<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>e optim<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span> </td></tr><tr><td class=\"t m0 x206 h1a y4204 ff3 fs6 fc1 sc0 ls56 ws0\">cap<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>al re<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts d<span class=\"_ _0\"></span>o not p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rm i<span class=\"_ _0\"></span>n lin<span class=\"_ _0\"></span>e wi<span class=\"_ _0\"></span>th inv<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span> </td><td class=\"t m0 x5ee h1a y4205 ff3 fs6 fc1 sc0 ls56 ws0\">and R<span class=\"_ _0\"></span>eta<span class=\"_ _0\"></span>il<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x5ef hc y4206 ff4 fs6 fc1 sc0 ls56 ws55\">po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>foli<span class=\"_ _0\"></span>os of investe<span class=\"_ _0\"></span>d asse<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>. For ann<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>, whi<span class=\"_ _0\"></span>ch are sen<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>tive to intere<span class=\"_ _0\"></span>st rate<span class=\"_ _0\"></span> </td></tr><tr><td class=\"t m0 x206 h1a y4207 ff3 fs6 fc1 sc0 ls11e ws5c\">and product<span class=\"_ _1\"></span> pricing assump<span class=\"_ _1\"></span>tions lea<span class=\"_ _1\"></span>ding t<span class=\"_ _1\"></span>o a po<span class=\"_ _1\"></span>tenti<span class=\"_ _1\"></span>al </td><td></td><td class=\"t m0 x5ef hc y4208 ff4 fs6 fc1 sc0 ls56 ws55\">and inf<span class=\"_ _0\"></span>lat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n risk<span class=\"_ _0\"></span>, ana<span class=\"_ _0\"></span>lys<span class=\"_ _0\"></span>is of the liabi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>ies is und<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>take<span class=\"_ _0\"></span>n to <span class=\"_ _1\"></span>cre<span class=\"_ _0\"></span>ate a por<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>foli<span class=\"_ _0\"></span>o </td></tr><tr><td class=\"t m0 x206 hc y4209 ff4 fs6 fc1 sc0 ls56 ws55\">fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>al los<span class=\"_ _0\"></span>s.<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m0 x5ef hc y420a ff4 fs6 fc1 sc0 ls56 ws55\">of<span class=\"_ gs5e1\"> </span>se<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s, the val<span class=\"_ _0\"></span>ue of whic<span class=\"_ _0\"></span>h chan<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>s in line wit<span class=\"_ _0\"></span>h the valu<span class=\"_ _0\"></span>e of liabili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span> </td></tr><tr><td></td><td></td><td class=\"t m0 x5ef hc y420b ff4 fs6 fc1 sc0 ls56 ws55\">whe<span class=\"_ _0\"></span>n<span class=\"_ gs5e1\"> </span>in<span class=\"_ _0\"></span>teres<span class=\"_ _0\"></span>t rates ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e.<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 hc y420c ff4 fs6 fc1 sc0 ls56 ws55\">For un<span class=\"_ _0\"></span>it lin<span class=\"_ _0\"></span>ked co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>ts, th<span class=\"_ _0\"></span>ere is a risk of volati<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y in ass<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span> </td><td class=\"t m0 x5ee h1a y420d ff3 fs6 fc1 sc0 ls113 ws5b\">Asset Man<span class=\"_ _1\"></span>agement </td><td class=\"t m0 x5ef h1a y420d ff3 fs6 fc1 sc0 ls56 ws0\">Th<span class=\"_ _0\"></span>e ris<span class=\"_ _0\"></span>k is ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d thro<span class=\"_ _0\"></span>ug<span class=\"_ _0\"></span>h mai<span class=\"_ _0\"></span>nta<span class=\"_ _0\"></span>ini<span class=\"_ _0\"></span>ng a d<span class=\"_ _0\"></span>ive<span class=\"_ _0\"></span>rsi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ed r<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ge of f<span class=\"_ _0\"></span>und<span class=\"_ _0\"></span>s in<span class=\"_ _0\"></span> </td></tr><tr><td class=\"t m0 x206 h1a y420e ff3 fs6 fc1 sc0 ls56 ws0\">man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ent fe<span class=\"_ _0\"></span>e in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me d<span class=\"_ _0\"></span>ue to t<span class=\"_ _0\"></span>he im<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>ct of in<span class=\"_ _0\"></span>tere<span class=\"_ _0\"></span>st r<span class=\"_ _0\"></span>ate </td><td class=\"t m0 x5ee hc y420f ff4 fs6 fc1 sc0 ls56 ws55\">and<span class=\"_ gs5e1\"> </span>R<span class=\"_ _0\"></span>eta<span class=\"_ _0\"></span>il<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x5ef hc y420f ff4 fs6 fc1 sc0 ls56 ws55\">whi<span class=\"_ _0\"></span>ch<span class=\"_ gs5e1\"> </span>c<span class=\"_ _0\"></span>usto<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>rs may inve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>. The pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e of linked inve<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt fun<span class=\"_ _0\"></span>ds </td></tr><tr><td class=\"t m0 x206 h1a y4210 ff3 fs6 fc1 sc0 ls56 ws0\">and m<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ket pr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e mov<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s on t<span class=\"_ _0\"></span>he fai<span class=\"_ _0\"></span>r val<span class=\"_ _0\"></span>ue of th<span class=\"_ _0\"></span>e as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s </td><td></td><td class=\"t m0 x5ef hc y4211 ff4 fs6 fc1 sc0 ls56 ws55\">rel<span class=\"_ _0\"></span>ativ<span class=\"_ _0\"></span>e to <span class=\"_ _1\"></span>the<span class=\"_ _0\"></span>ir inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t obje<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ive<span class=\"_ _0\"></span>s is subje<span class=\"_ _0\"></span>ct to regul<span class=\"_ _0\"></span>ar mo<span class=\"_ _0\"></span>nito<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>. </td></tr><tr><td class=\"t m0 x206 hc y4212 ff4 fs6 fc1 sc0 ls56 ws55\">hel<span class=\"_ _0\"></span>d in the linke<span class=\"_ _0\"></span>d fun<span class=\"_ _0\"></span>ds<span class=\"_ _0\"></span>, on whic<span class=\"_ _0\"></span>h invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt man<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span> </td><td></td><td class=\"t m0 x5ef hc y4213 ff4 fs6 fc1 sc0 ls56 ws55\">Per<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>c<span class=\"_ gs5e1\"> </span>ass<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt is also mad<span class=\"_ _0\"></span>e of the lon<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>-te<span class=\"_ _0\"></span>rm prof<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>tab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y to <span class=\"_ _1\"></span>the Gr<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>p </td></tr><tr><td class=\"t m0 x206 hc y4214 ff4 fs6 fc1 sc0 ls56 ws55\">fee<span class=\"_ _0\"></span>s are base<span class=\"_ _0\"></span>d. Th<span class=\"_ _0\"></span>ere is also th<span class=\"_ _0\"></span>e risk of exp<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>e over-<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>uns<span class=\"_ _0\"></span> </td><td></td><td class=\"t m0 x5ef hc y4215 ff4 fs6 fc1 sc0 ls56 ws55\">of<span class=\"_ gs5e1\"> </span>the<span class=\"_ _0\"></span>se fun<span class=\"_ _0\"></span>ds<span class=\"_ _0\"></span>. For som<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>s the Gro<span class=\"_ _0\"></span>up<span class=\"_ gs5e1\"> </span>ha<span class=\"_ _0\"></span>s disc<span class=\"_ _0\"></span>reti<span class=\"_ _0\"></span>on ove<span class=\"_ _0\"></span>r the leve<span class=\"_ _0\"></span>l </td></tr><tr><td class=\"t m0 x206 h1a y4216 ff3 fs6 fc1 sc0 ls56 ws0\">sho<span class=\"_ _0\"></span>ul<span class=\"_ _0\"></span>d the m<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ket de<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>ess t<span class=\"_ _0\"></span>he l<span class=\"_ _0\"></span>eve<span class=\"_ _0\"></span>l of cha<span class=\"_ _0\"></span>rg<span class=\"_ _0\"></span>es wh<span class=\"_ _0\"></span>ich c<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>ld<span class=\"_ _0\"></span> </td><td></td><td class=\"t m0 x5ef hc y4217 ff4 fs6 fc1 sc0 ls56 ws55\">of<span class=\"_ gs5e1\"> </span>man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ent ch<span class=\"_ _0\"></span>arg<span class=\"_ _0\"></span>es lev<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d.<span class=\"_ _0\"></span> </td></tr><tr><td class=\"t m0 x206 hc y4218 ff4 fs6 fc1 sc0 ls56 ws55\">be imp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></td><td></td><td></td></tr><tr><td class=\"t m0 x206 hb y4219 ff5 fs6 fc1 sc0 ls11e ws5c\">Proper<span class=\"_ _0\"></span>ty risk </td><td></td><td></td></tr><tr><td class=\"t m0 x206 h1a y421a ff3 fs6 fc1 sc0 ls56 ws0\">Life<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>e mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tg<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>s in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>de a n<span class=\"_ _0\"></span>o ne<span class=\"_ _0\"></span>gat<span class=\"_ _0\"></span>ive e<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y gu<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ante<span class=\"_ _0\"></span>e </td><td class=\"t m0 x5ee h1a y421b ff3 fs6 fc1 sc0 ls112 ws1e\">Institu<span class=\"_ _0\"></span>tional Reti<span class=\"_ _0\"></span>remen<span class=\"_ _0\"></span>t </td><td class=\"t m0 x5ef hc y421b ff4 fs6 fc1 sc0 ls56 ws55\">T<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>mi<span class=\"_ _0\"></span>tig<span class=\"_ _0\"></span>ate the risk<span class=\"_ _0\"></span>, ma<span class=\"_ _0\"></span>xi<span class=\"_ _0\"></span>mu<span class=\"_ _0\"></span>m loan to value rat<span class=\"_ _0\"></span>ios are se<span class=\"_ _0\"></span>t for all lend<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g with<span class=\"_ _0\"></span> </td></tr><tr><td class=\"t m0 x206 h1a y421c ff3 fs6 fc1 sc0 ls56 ws0\">whi<span class=\"_ _0\"></span>ch tr<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>sfer<span class=\"_ _0\"></span>s a pote<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>al lo<span class=\"_ _0\"></span>ss ex<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>e to the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p </td><td class=\"t m0 x5ee h1a y421d ff3 fs6 fc1 sc0 ls56 ws0\">and R<span class=\"_ _0\"></span>eta<span class=\"_ _0\"></span>il<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x5ef h1a y421d ff3 fs6 fc1 sc0 ls1 ws23\">further underwriting<span class=\"_ _1\"></span> criteri<span class=\"_ _1\"></span>a setting<span class=\"_ _1\"></span> out accep<span class=\"_ _1\"></span>table<span class=\"_ _1\"></span> properties f<span class=\"_ _1\"></span>or lend<span class=\"_ _1\"></span>ing </td></tr><tr><td class=\"t m0 x206 hc y421e ff4 fs6 fc1 sc0 ls56 ws55\">as<span class=\"_ gs5e1\"> </span>a<span class=\"_ gs5e1\"> </span>res<span class=\"_ _0\"></span>ul<span class=\"_ _0\"></span>t of <span class=\"_ _1\"></span>low ho<span class=\"_ _0\"></span>use pr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e infl<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on and an exp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span> </td><td></td><td class=\"t m0 x5ef hc y421f ff4 fs6 fc1 sc0 ls56 ws55\">pur<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>s. Po<span class=\"_ _0\"></span>lic<span class=\"_ _0\"></span>y terms als<span class=\"_ _0\"></span>o requ<span class=\"_ _0\"></span>ire pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies to be full<span class=\"_ _0\"></span>y insur<span class=\"_ _0\"></span>ed and<span class=\"_ _0\"></span> </td></tr><tr><td class=\"t m0 x206 hc y4220 ff4 fs6 fc1 sc0 ls56 ws55\">to<span class=\"_ gs5e1\"> </span>spe<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ic pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es whi<span class=\"_ _0\"></span>ch may exp<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e lower ho<span class=\"_ _0\"></span>use<span class=\"_ _0\"></span> </td><td></td><td class=\"t m0 x5ef hc y4221 ff4 fs6 fc1 sc0 ls56 ws55\">mai<span class=\"_ _0\"></span>ntai<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>d, in<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>udi<span class=\"_ _0\"></span>ng the ri<span class=\"_ _0\"></span>ght of insp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e diver<span class=\"_ _0\"></span>sif<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>cat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n of <span class=\"_ _1\"></span>le<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span> </td></tr><tr><td class=\"t m0 x206 hc y4222 ff4 fs6 fc1 sc0 ls56 ws55\">pri<span class=\"_ _0\"></span>ce inf<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n for whateve<span class=\"_ _0\"></span>r reaso<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m0 x5ef hc y4223 ff4 fs6 fc1 sc0 ls56 ws55\">by<span class=\"_ gs5e1\"> </span>pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y t<span class=\"_ _0\"></span>yp<span class=\"_ _0\"></span>e and ge<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>rap<span class=\"_ _0\"></span>hi<span class=\"_ _0\"></span>c regi<span class=\"_ _0\"></span>on se<span class=\"_ _0\"></span>eks to cont<span class=\"_ _0\"></span>rol ex<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>es to </td></tr><tr><td></td><td></td><td class=\"t m0 x5ef hc y4224 ff4 fs6 fc1 sc0 ls56 ws55\">sp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ic<span class=\"_ gs5e1\"> </span>as<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s in the prop<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y mar<span class=\"_ _0\"></span>ket<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 h1a y4225 ff3 fs6 fc1 sc0 ls10a ws5a\">Asset Management businesses build homes across </td><td class=\"t m0 x5ee hc y4226 ff4 fs6 fc1 sc0 ls113 ws11f\">Asset <span class=\"_ _1\"></span>Management, </td><td class=\"t m0 x5ef h1a y4227 ff3 fs6 fc1 sc0 ls56 ws0\">Div<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>sif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on by g<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ogr<span class=\"_ _0\"></span>ap<span class=\"_ _0\"></span>hic r<span class=\"_ _0\"></span>egi<span class=\"_ _0\"></span>on a<span class=\"_ _0\"></span>nd p<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>y ty<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>e avoid<span class=\"_ _0\"></span>s co<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n </td></tr><tr><td class=\"t m0 x206 hc y4228 ff4 fs6 fc1 sc0 ls56 ws55\">the<span class=\"_ gs5e1\"> </span>r<span class=\"_ _0\"></span>esi<span class=\"_ _0\"></span>den<span class=\"_ _0\"></span>tia<span class=\"_ _0\"></span>l marke<span class=\"_ _0\"></span>t, inve<span class=\"_ _0\"></span>st in larg<span class=\"_ _0\"></span>e com<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>ial and<span class=\"_ _0\"></span> </td><td class=\"t m0 x5ee h1a y4229 ff3 fs6 fc1 sc0 ls113 ws5b\">Corporate<span class=\"_ _1\"></span> Inv<span class=\"_ _1\"></span>estments </td><td class=\"t m0 x5ef hc y422a ff4 fs6 fc1 sc0 ls56 ws55\">of<span class=\"_ gs5e1\"> </span>exp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>s to <span class=\"_ _1\"></span>spe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ic area<span class=\"_ _0\"></span>s of the prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ty mar<span class=\"_ _0\"></span>ket<span class=\"_ _0\"></span>. Co<span class=\"_ _0\"></span>mm<span class=\"_ _0\"></span>erc<span class=\"_ _0\"></span>ial pro<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> </td></tr><tr><td class=\"t m0 x206 h1a y422b ff3 fs6 fc1 sc0 ls56 ws0\">resi<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>al de<span class=\"_ _0\"></span>vel<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt pr<span class=\"_ _0\"></span>oje<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d alo<span class=\"_ _0\"></span>ng wi<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span> </td><td class=\"t m0 x5ee h1a y422c ff3 fs6 fc1 sc0 ls112 ws1e\">and Insti<span class=\"_ _0\"></span>tution<span class=\"_ _0\"></span>al </td><td class=\"t m0 x5ef h1a y422d ff3 fs6 fc1 sc0 ls56 ws0\">exp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ure in t<span class=\"_ _0\"></span>he I<span class=\"_ _0\"></span>nst<span class=\"_ _0\"></span>itu<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>al Ret<span class=\"_ _0\"></span>ire<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt an<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y p<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>lio is r<span class=\"_ _0\"></span>ela<span class=\"_ _0\"></span>tive<span class=\"_ _0\"></span>ly l<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _0\"></span> </td></tr><tr><td class=\"t m0 x206 h1a y422e ff3 fs6 fc1 sc0 ls1 ws23\">Instit<span class=\"_ _1\"></span>utional<span class=\"_ _1\"></span> Reti<span class=\"_ _1\"></span>rement<span class=\"_ _1\"></span> manage<span class=\"_ _1\"></span> severa<span class=\"_ _1\"></span>l dev<span class=\"_ _1\"></span>eloped r<span class=\"_ _1\"></span>eal </td><td class=\"t m0 x5ee h1a y422f ff3 fs6 fc1 sc0 ls112 ws6\">Retireme<span class=\"_ _0\"></span>nt<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x5ef hc y4230 ff4 fs6 fc1 sc0 ls56 ws55\">and<span class=\"_ gs5e1\"> </span>i<span class=\"_ _0\"></span>s pred<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>ntl<span class=\"_ _0\"></span>y und<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>pin<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>d by long<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>m lea<span class=\"_ _0\"></span>ses wi<span class=\"_ _0\"></span>th inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent gr<span class=\"_ _0\"></span>ade<span class=\"_ _0\"></span> </td></tr><tr><td class=\"t m0 x206 hc y4231 ff4 fs6 fc1 sc0 ls56 ws55\">est<span class=\"_ _0\"></span>ate asse<span class=\"_ _0\"></span>ts. C<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>rate Inve<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts also has ex<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>sure to </td><td></td><td class=\"t m0 x5ef hc y4232 ff4 fs6 fc1 sc0 ls56 ws55\">tena<span class=\"_ _0\"></span>nts<span class=\"_ _0\"></span>. Prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ty de<span class=\"_ _0\"></span>vel<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt act<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y is relat<span class=\"_ _0\"></span>ive<span class=\"_ _0\"></span>ly lim<span class=\"_ _0\"></span>ited an<span class=\"_ _0\"></span>d whe<span class=\"_ _0\"></span>re </td></tr><tr><td class=\"t m0 x206 hc y4233 ff4 fs6 fc1 sc0 ls56 ws55\">resi<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>al and co<span class=\"_ _0\"></span>mm<span class=\"_ _0\"></span>erc<span class=\"_ _0\"></span>ial pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ty. The Gro<span class=\"_ _0\"></span>up is exp<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>d </td><td></td><td class=\"t m0 x5ef hc y4234 ff4 fs6 fc1 sc0 ls56 ws55\">app<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>pri<span class=\"_ _0\"></span>ate, key met<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>ds are ado<span class=\"_ _0\"></span>pted to mana<span class=\"_ _0\"></span>ge deve<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>pm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t risk<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span> </td></tr><tr><td class=\"t m0 x206 hc y4235 ff4 fs6 fc1 sc0 ls56 ws55\">to the risk tha<span class=\"_ _0\"></span>t the inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e from<span class=\"_ _0\"></span>, and th<span class=\"_ _0\"></span>e value of, prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ty<span class=\"_ _0\"></span> </td><td></td><td class=\"t m0 x5ef hc y4236 ff4 fs6 fc1 sc0 ls56 ws55\">suc<span class=\"_ _0\"></span>h<span class=\"_ gs5e1\"> </span>as<span class=\"_ gs5e1\"> </span>f<span class=\"_ _0\"></span>ixe<span class=\"_ _0\"></span>d pri<span class=\"_ _0\"></span>ce co<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>cts<span class=\"_ _0\"></span>, for<span class=\"_ _0\"></span>wa<span class=\"_ _0\"></span>rd sale<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, diver<span class=\"_ _0\"></span>sif<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>cat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n </td></tr><tr><td class=\"t m0 x206 h1a y4237 ff3 fs6 fc1 sc0 ls56 ws0\">ass<span class=\"_ _0\"></span>ets h<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>d to bac<span class=\"_ _0\"></span>k ins<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e li<span class=\"_ _0\"></span>abi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>ies a<span class=\"_ _0\"></span>nd c<span class=\"_ _0\"></span>api<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>l </td><td></td><td class=\"t m0 x5ef hc y4238 ff4 fs6 fc1 sc0 ls56 ws55\">of<span class=\"_ gs5e1\"> </span>co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g cou<span class=\"_ _0\"></span>nter<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es and pre<span class=\"_ _3\"></span>-l<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>sin<span class=\"_ _0\"></span>g.<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c x1cb y423a w1be h147\"><div class=\"t m0 x1ca h1a y4239 ff3 fs6 fc1 sc0 ls56 ws0\">req<span class=\"_ _0\"></span>uir<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s do n<span class=\"_ _0\"></span>ot pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>m in l<span class=\"_ _0\"></span>ine w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t and<span class=\"_ _3b2\"> </span></div><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">pro<span class=\"_ _0\"></span>du<span class=\"_ _0\"></span>ct pr<span class=\"_ _0\"></span>ici<span class=\"_ _0\"></span>ng ass<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>ns le<span class=\"_ _0\"></span>adi<span class=\"_ _0\"></span>ng to<span class=\"_ gs5e1\"> </span>a<span class=\"_ gs5e1\"> </span>poten<span class=\"_ _0\"></span>tial f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ial<span class=\"_ _3b2\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c x1cb y423b w1bf h148\"><div class=\"t m0 x1ca hc y4239 ff4 fs6 fc1 sc0 ls56 ws55\">los<span class=\"_ _0\"></span>s. Valu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns of real est<span class=\"_ _0\"></span>ate asse<span class=\"_ _0\"></span>ts dep<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>d both on<span class=\"_ _3b2\"> </span></div><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>sp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>cif<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>c and wide<span class=\"_ _0\"></span>r mar<span class=\"_ _0\"></span>ket dri<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>s. Pro<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies<span class=\"_ _3b2\"> </span></div></td><td></td><td></td></tr><tr><td class=\"t m0 x206 h1a y423c ff3 fs6 fc1 sc0 ls56 ws0\">und<span class=\"_ _0\"></span>er d<span class=\"_ _0\"></span>eve<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>pm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t can b<span class=\"_ _0\"></span>e ex<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d to add<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>al ri<span class=\"_ _0\"></span>sks<span class=\"_ _0\"></span> </td><td></td><td></td></tr><tr><td class=\"t m0 x206 hc y423d ff4 fs6 fc1 sc0 ls56 ws55\">whi<span class=\"_ _0\"></span>ch imp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e, in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span> </td><td></td><td></td></tr><tr><td class=\"t m0 x206 h1a y423e ff3 fs6 fc1 sc0 ls56 ws0\">sig<span class=\"_ _0\"></span>nif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t inc<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>s in th<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>st of m<span class=\"_ _0\"></span>ater<span class=\"_ _0\"></span>ials o<span class=\"_ _0\"></span>r di<span class=\"_ _0\"></span>sr<span class=\"_ _0\"></span>upti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span> </td><td></td><td></td></tr><tr><td class=\"c x1cb y4240 w1c0 h149\"><div class=\"t m0 x1ca hc y423f ff4 fs6 fc1 sc0 ls56 ws55\">to<span class=\"_ gs5e1\"> </span>sup<span class=\"_ _0\"></span>ply ch<span class=\"_ _0\"></span>ain<span class=\"_ _0\"></span>s. Th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up\u2019s reven<span class=\"_ _0\"></span>ue st<span class=\"_ _0\"></span>rea<span class=\"_ _0\"></span>ms are<span class=\"_ _3b2\"> </span></div><div class=\"t m0 x1ca hc y4239 ff4 fs6 fc1 sc0 ls56 ws55\">exp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ed<span class=\"_ gs5e1\"> </span>to resi<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>ntia<span class=\"_ _0\"></span>l sale<span class=\"_ _0\"></span>s achi<span class=\"_ _0\"></span>eve<span class=\"_ _0\"></span>d, as well as the<span class=\"_ _3b2\"> </span></div><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">volu<span class=\"_ _0\"></span>me<span class=\"_ gs5e1\"> </span>of tr<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>, both of whic<span class=\"_ _0\"></span>h may be affe<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td></td></tr><tr><td class=\"t m0 x206 hc y4241 ff4 fs6 fc1 sc0 ls56 ws55\">by<span class=\"_ gs5e1\"> </span>the pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e of the hous<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g marke<span class=\"_ _0\"></span>t. Reve<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>e </td><td></td><td></td></tr><tr><td class=\"t m0 x206 h1a y4242 ff3 fs6 fc1 sc0 ls56 ws0\">str<span class=\"_ _0\"></span>eam<span class=\"_ _0\"></span>s may al<span class=\"_ _0\"></span>so b<span class=\"_ _0\"></span>e imp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>ted by si<span class=\"_ _0\"></span>gn<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>rea<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span> </td><td></td><td></td></tr><tr><td class=\"t m0 x206 hc y4243 ff4 fs6 fc1 sc0 ls56 ws55\">in<span class=\"_ gs5e1\"> </span>th<span class=\"_ _0\"></span>e cos<span class=\"_ _0\"></span>t of <span class=\"_ _1\"></span>raw mate<span class=\"_ _0\"></span>ria<span class=\"_ _0\"></span>ls or disr<span class=\"_ _0\"></span>upt<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n to<span class=\"_ gs5e1\"> </span>supp<span class=\"_ _0\"></span>ly cha<span class=\"_ _0\"></span>ins<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></td><td></td><td></td></tr><tr><td class=\"t m0 x206 hb y4244 ff5 fs6 fc1 sc0 ls11e ws5c\">Curren<span class=\"_ _0\"></span>cy risk<span class=\"_ _3b2\"> </span></td><td></td><td></td></tr><tr><td class=\"t m0 x206 h1a y4245 ff3 fs6 fc1 sc0 ls56 ws0\">T<span class=\"_ _1\"></span>o diver<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>y cre<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t ri<span class=\"_ _0\"></span>sk wi<span class=\"_ _0\"></span>thi<span class=\"_ _0\"></span>n the a<span class=\"_ _0\"></span>nn<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>ies b<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span> </td><td class=\"t m0 x5ee hc y4246 ff4 fs6 fc1 sc0 ls113 ws11f\">Asset <span class=\"_ _1\"></span>Management, </td><td class=\"t m0 x5ef hc y4247 ff4 fs6 fc1 sc0 ls56 ws55\">T<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>mi<span class=\"_ _0\"></span>tig<span class=\"_ _0\"></span>ate the risk of los<span class=\"_ _0\"></span>s from cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>y flu<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>uati<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>s, cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>cy swaps<span class=\"_ gs5e1\"> </span>a<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span> </td></tr><tr><td class=\"t m0 x206 hc y4248 ff4 fs6 fc1 sc0 ls56 ws55\">co<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ate bon<span class=\"_ _0\"></span>d por<span class=\"_ _3\"></span>tfo<span class=\"_ _0\"></span>lio<span class=\"_ _0\"></span>, invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts are he<span class=\"_ _0\"></span>ld in<span class=\"_ _0\"></span> </td><td class=\"t m0 x5ee h1a y4249 ff3 fs6 fc1 sc0 ls112 ws1e\">Institu<span class=\"_ _0\"></span>tional Reti<span class=\"_ _0\"></span>remen<span class=\"_ _0\"></span>t </td><td class=\"t m0 x5ef h1a y424a ff3 fs6 fc1 sc0 ls56 ws0\">for<span class=\"_ _0\"></span>wa<span class=\"_ _0\"></span>rds ar<span class=\"_ _0\"></span>e use<span class=\"_ _0\"></span>d to he<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>e exp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>s to co<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ate bo<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>s de<span class=\"_ _0\"></span>no<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ated i<span class=\"_ _0\"></span>n </td></tr><tr><td class=\"t m0 x206 hc y424b ff4 fs6 fc1 sc0 ls56 ws55\">co<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ate<span class=\"_ gs5e1\"> </span>bo<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>s den<span class=\"_ _0\"></span>omi<span class=\"_ _0\"></span>nate<span class=\"_ _0\"></span>d in non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>terl<span class=\"_ _0\"></span>ing cu<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>cie<span class=\"_ _0\"></span>s.<span class=\"_ _0\"></span> </td><td class=\"t m0 x5ee h1a y424c ff3 fs6 fc1 sc0 ls56 ws0\">and R<span class=\"_ _0\"></span>eta<span class=\"_ _0\"></span>il<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x5ef hc y424d ff4 fs6 fc1 sc0 ls56 ws55\">cur<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ies oth<span class=\"_ _0\"></span>er tha<span class=\"_ _0\"></span>n ster<span class=\"_ _0\"></span>lin<span class=\"_ _0\"></span>g. He<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>ing ar<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s are plac<span class=\"_ _0\"></span>ed wi<span class=\"_ _0\"></span>th stro<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>ly<span class=\"_ _0\"></span> </td></tr><tr><td class=\"t m0 x206 hc y424e ff4 fs6 fc1 sc0 ls56 ws55\">As<span class=\"_ _0\"></span>set Ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t also inve<span class=\"_ _0\"></span>st in overs<span class=\"_ _0\"></span>eas as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s.<span class=\"_ _0\"></span> </td><td></td><td class=\"t m0 x5ef h1a y424f ff3 fs6 fc1 sc0 ls56 ws0\">rate<span class=\"_ _0\"></span>d co<span class=\"_ _0\"></span>unte<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies w<span class=\"_ _0\"></span>ith c<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>late<span class=\"_ _0\"></span>ral re<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>ire<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts b<span class=\"_ _0\"></span>ei<span class=\"_ _0\"></span>ng s<span class=\"_ _0\"></span>ubj<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t to reg<span class=\"_ _0\"></span>ula<span class=\"_ _0\"></span>r </td></tr><tr><td class=\"t m0 x206 hc y4250 ff4 fs6 fc1 sc0 ls56 ws55\">Flu<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>uat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s in the valu<span class=\"_ _0\"></span>e of, <span class=\"_ _1\"></span>or inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e fro<span class=\"_ _0\"></span>m, th<span class=\"_ _0\"></span>ese ass<span class=\"_ _0\"></span>ets<span class=\"_ _0\"></span> </td><td></td><td class=\"t m0 x5ef hc y4251 ff4 fs6 fc1 sc0 ls56 ws55\">revi<span class=\"_ _0\"></span>ew and re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ilia<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n with th<span class=\"_ _0\"></span>e cou<span class=\"_ _0\"></span>nter<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es. T<span class=\"_ _0\"></span>he he<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>es do not elim<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>ate </td></tr><tr><td class=\"t m0 x206 h1a y4252 ff3 fs6 fc1 sc0 ls56 ws0\">rel<span class=\"_ _0\"></span>ativ<span class=\"_ _0\"></span>e to liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s de<span class=\"_ _0\"></span>no<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ated i<span class=\"_ _0\"></span>n ste<span class=\"_ _0\"></span>rli<span class=\"_ _0\"></span>ng c<span class=\"_ _0\"></span>oul<span class=\"_ _0\"></span>d res<span class=\"_ _0\"></span>ul<span class=\"_ _0\"></span>t </td><td></td><td class=\"t m0 x5ef hc y4253 ff4 fs6 fc1 sc0 ls56 ws55\">all cur<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>y risk and th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p retai<span class=\"_ _0\"></span>ns som<span class=\"_ _0\"></span>e resi<span class=\"_ _0\"></span>dua<span class=\"_ _0\"></span>l risk<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 hc y4254 ff4 fs6 fc1 sc0 ls56 ws55\">in<span class=\"_ gs5e1\"> </span>unfo<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n forei<span class=\"_ _0\"></span>gn exch<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ge los<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s.<span class=\"_ _3b2\"> </span></td><td></td><td></td></tr><tr><td class=\"t m0 x206 h1a y4255 ff3 fs6 fc1 sc0 ls10a ws5a\">The consolidated int<span class=\"_ _1\"></span>ernational subsidiaries<span class=\"_ _1\"></span> and financial </td><td class=\"c n x5f0 y4256 w1c1 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls130 ws1a1\">Group<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5f1 y4256 w1c2 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">T<span class=\"_ _1\"></span>o mitig<span class=\"_ _0\"></span>ate th<span class=\"_ _0\"></span>e ris<span class=\"_ _0\"></span>k of lo<span class=\"_ _0\"></span>ss fr<span class=\"_ _0\"></span>om c<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cy t<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>sla<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>inu<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>sl<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 h1a y4257 ff3 fs6 fc1 sc0 lsea ws27\">instrume<span class=\"_ _0\"></span>nts of<span class=\"_ _1\"></span> subsidiaries are translated int<span class=\"_ _1\"></span>o sterling in the </td><td></td><td class=\"t m0 x5ef h1a y4258 ff3 fs6 fc1 sc0 ls56 ws0\">mo<span class=\"_ _0\"></span>nito<span class=\"_ _0\"></span>rs i<span class=\"_ _0\"></span>ts ex<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>e and e<span class=\"_ _0\"></span>xec<span class=\"_ _0\"></span>ute<span class=\"_ _0\"></span>s app<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>pri<span class=\"_ _0\"></span>ate he<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nsa<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>s whe<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> </td></tr><tr><td class=\"t m0 x206 hc y4259 ff4 fs6 fc1 sc0 ls56 ws55\">co<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>lid<span class=\"_ _0\"></span>ated ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>ts. Ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>es in the ste<span class=\"_ _0\"></span>rli<span class=\"_ _0\"></span>ng val<span class=\"_ _0\"></span>ue can<span class=\"_ _0\"></span> </td><td></td><td class=\"t m0 x5ef hc y425a ff4 fs6 fc1 sc0 ls57 ws2c\">ne<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ssa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y. Hedg<span class=\"_ _0\"></span>ing arr<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts are plac<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d with stro<span class=\"_ _0\"></span>ngl<span class=\"_ _0\"></span>y rated cou<span class=\"_ _0\"></span>nter<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span> </td></tr><tr><td class=\"t m0 x206 hc y425b ff4 fs6 fc1 sc0 ls56 ws55\">imp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ gs5e1\"> </span>co<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>date<span class=\"_ _0\"></span>d equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y but may be mi<span class=\"_ _0\"></span>tig<span class=\"_ _0\"></span>ated by </td><td></td><td class=\"t m0 x5ef h1a y425c ff3 fs6 fc1 sc0 ls56 ws0\">wit<span class=\"_ _0\"></span>h co<span class=\"_ _0\"></span>llate<span class=\"_ _0\"></span>ral r<span class=\"_ _0\"></span>eq<span class=\"_ _0\"></span>uire<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s be<span class=\"_ _0\"></span>ing s<span class=\"_ _0\"></span>ubj<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t to re<span class=\"_ _0\"></span>gul<span class=\"_ _0\"></span>ar rev<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>w and r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>cil<span class=\"_ _0\"></span>iati<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span> </td></tr><tr><td class=\"t m0 x206 hc y425d ff4 fs6 fc1 sc0 lsea ws122\">associated hedging transactions.<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m0 x5ef hc y425e ff4 fs6 fc1 sc0 ls56 ws55\">wit<span class=\"_ _0\"></span>h the cou<span class=\"_ _0\"></span>nter<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 hb y425f ff6 fs6 fc1 sc0 ls11e ws141\">Inflation risk<span class=\"_ _3b2\"> </span></td><td></td><td></td></tr><tr><td class=\"t m0 x206 h1a y4260 ff3 fs6 fc1 sc0 ls56 ws0\">Inf<span class=\"_ _0\"></span>lati<span class=\"_ _0\"></span>on r<span class=\"_ _0\"></span>isk i<span class=\"_ _0\"></span>s the p<span class=\"_ _0\"></span>ote<span class=\"_ _0\"></span>ntia<span class=\"_ _0\"></span>l of real<span class=\"_ _0\"></span>isi<span class=\"_ _0\"></span>ng a lo<span class=\"_ _0\"></span>ss b<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>cau<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span> </td><td class=\"t m0 x5ee h1a y4261 ff3 fs6 fc1 sc0 ls112 ws1e\">Institu<span class=\"_ _0\"></span>tional Reti<span class=\"_ _0\"></span>remen<span class=\"_ _0\"></span>t </td><td class=\"t m0 x5ef h1a y4261 ff3 fs6 fc1 sc0 ls56 ws0\">Th<span class=\"_ _0\"></span>e inve<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t st<span class=\"_ _0\"></span>rate<span class=\"_ _0\"></span>gy fo<span class=\"_ _0\"></span>r the a<span class=\"_ _0\"></span>nn<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>ies b<span class=\"_ _0\"></span>usi<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>ss ta<span class=\"_ _0\"></span>kes ex<span class=\"_ _0\"></span>pli<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>t ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span> </td></tr><tr><td class=\"t m0 x206 hc y4262 ff4 fs6 fc1 sc0 ls56 ws55\">of<span class=\"_ gs5e1\"> </span>rel<span class=\"_ _0\"></span>ativ<span class=\"_ _0\"></span>e or absol<span class=\"_ _0\"></span>ute ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>es in inf<span class=\"_ _0\"></span>lati<span class=\"_ _0\"></span>on rate<span class=\"_ _0\"></span>s.<span class=\"_ _0\"></span> </td><td class=\"t m0 x5ee h1a y4263 ff3 fs6 fc1 sc0 ls56 ws0\">and R<span class=\"_ _0\"></span>eta<span class=\"_ _0\"></span>il<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x5ef hc y4263 ff4 fs6 fc1 sc0 ls56 ws55\">of<span class=\"_ gs5e1\"> </span>the<span class=\"_ gs5e1\"> </span>e<span class=\"_ _0\"></span>ffe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t of <span class=\"_ _1\"></span>move<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s in pric<span class=\"_ _0\"></span>e indi<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>s on con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d liabi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span> </td></tr><tr><td class=\"t m0 x206 hc y4264 ff4 fs6 fc1 sc0 ls56 ws55\">An<span class=\"_ _0\"></span>nui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ gs5e1\"> </span>c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>cts may prov<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>e for futu<span class=\"_ _0\"></span>re ben<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>s to <span class=\"_ _1\"></span>be<span class=\"_ _0\"></span> </td><td></td><td class=\"t m0 x5ef hc y4265 ff4 fs6 fc1 sc0 ls56 ws55\">Sig<span class=\"_ _0\"></span>nif<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>nt<span class=\"_ gs5e1\"> </span>ex<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>es that may adv<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>sel<span class=\"_ _0\"></span>y imp<span class=\"_ _0\"></span>act pr<span class=\"_ _0\"></span>ofi<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y are hed<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span> </td></tr><tr><td class=\"t m0 x206 hc y4266 ff4 fs6 fc1 sc0 ls56 ws55\">pai<span class=\"_ _0\"></span>d<span class=\"_ gs5e1\"> </span>tak<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g acc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t of chang<span class=\"_ _0\"></span>es in the le<span class=\"_ _0\"></span>vel of infl<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>. </td><td></td><td class=\"t m0 x5ef hc y4267 ff4 fs6 fc1 sc0 ls56 ws55\">usi<span class=\"_ _0\"></span>ng<span class=\"_ gs5e1\"> </span>inf<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n swaps<span class=\"_ _0\"></span>. An<span class=\"_ _0\"></span>nui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>cts als<span class=\"_ _0\"></span>o ty<span class=\"_ _0\"></span>pi<span class=\"_ _0\"></span>cal<span class=\"_ _0\"></span>ly inc<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>de ca<span class=\"_ _0\"></span>ps and<span class=\"_ _0\"></span> </td></tr><tr><td class=\"t m0 x206 h1a y4268 ff3 fs6 fc1 sc0 ls56 ws0\">An<span class=\"_ _0\"></span>nui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>cts i<span class=\"_ _0\"></span>n pay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt may i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>de an a<span class=\"_ _0\"></span>nnu<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span> </td><td></td><td class=\"t m0 x5ef hc y4269 ff4 fs6 fc1 sc0 ls56 ws55\">fl<span class=\"_ _0\"></span>oo<span class=\"_ _0\"></span>rs<span class=\"_ gs5e1\"> </span>o<span class=\"_ _0\"></span>n the ann<span class=\"_ _0\"></span>ual in<span class=\"_ _0\"></span>cre<span class=\"_ _0\"></span>ase in inf<span class=\"_ _0\"></span>lat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>lin<span class=\"_ _0\"></span>ked be<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t paym<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts. T<span class=\"_ _0\"></span>he hed<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>s </td></tr><tr><td class=\"t m0 x206 hc y426a ff4 fs6 fc1 sc0 ls56 ws55\">adju<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt for move<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts in pri<span class=\"_ _0\"></span>ce in<span class=\"_ _0\"></span>dic<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m0 x5ef hc y426b ff4 fs6 fc1 sc0 ls56 ws55\">do not eli<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ate all infl<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n ris<span class=\"_ _0\"></span>k and the Gro<span class=\"_ _0\"></span>up ret<span class=\"_ _0\"></span>ains so<span class=\"_ _0\"></span>me res<span class=\"_ _0\"></span>idu<span class=\"_ _0\"></span>al ris<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 hb y426c ff6 fs6 fc1 sc0 ls56 ws55\">In<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t rat<span class=\"_ _0\"></span>e ris<span class=\"_ _0\"></span>k<span class=\"_ _3b2\"> </span></td><td></td><td></td></tr><tr><td class=\"t m0 x206 h1a y426d ff3 fs6 fc1 sc0 ls56 ws0\">Inte<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>t rate r<span class=\"_ _0\"></span>isk is t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>isk t<span class=\"_ _0\"></span>hat th<span class=\"_ _0\"></span>e Gr<span class=\"_ _0\"></span>oup i<span class=\"_ _0\"></span>s exp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span> </td><td class=\"t m0 x5ee hc y426e ff4 fs6 fc1 sc0 ls112 ws6\">Group, Institu<span class=\"_ _0\"></span>tional<span class=\"_ _0\"></span> </td><td class=\"t m0 x5ef hc y426e ff4 fs6 fc1 sc0 ls56 ws55\">T<span class=\"_ _1\"></span>o <span class=\"_ _1\"></span>mi<span class=\"_ _0\"></span>tig<span class=\"_ _0\"></span>ate the risk th<span class=\"_ _0\"></span>at guar<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>tees an<span class=\"_ _0\"></span>d com<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s are not met<span class=\"_ _0\"></span>, fin<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>cial<span class=\"_ _0\"></span> </td></tr><tr><td class=\"t m0 x206 hc y426f ff4 fs6 fc1 sc0 ls56 ws55\">to<span class=\"_ gs5e1\"> </span>lowe<span class=\"_ _0\"></span>r retur<span class=\"_ _0\"></span>ns or los<span class=\"_ _0\"></span>s as a <span class=\"_ _1\"></span>dire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t or indi<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>t resu<span class=\"_ _0\"></span>lt<span class=\"_ _0\"></span> </td><td class=\"t m0 x5ee h1a y4270 ff3 fs6 fc1 sc0 ls112 ws1e\">Retireme<span class=\"_ _0\"></span>nt and Retail<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x5ef hc y4270 ff4 fs6 fc1 sc0 ls56 ws55\">ins<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s are purc<span class=\"_ _0\"></span>has<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>, whic<span class=\"_ _0\"></span>h bro<span class=\"_ _0\"></span>adl<span class=\"_ _0\"></span>y match the nat<span class=\"_ _0\"></span>ure and ter<span class=\"_ _0\"></span>ms of the<span class=\"_ _0\"></span> </td></tr><tr><td class=\"t m0 x206 hc y4271 ff4 fs6 fc1 sc0 ls56 ws55\">of<span class=\"_ gs5e1\"> </span>fl<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>tua<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns in the valu<span class=\"_ _0\"></span>e of, <span class=\"_ _1\"></span>or in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me fro<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>, spe<span class=\"_ _0\"></span>cif<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>c </td><td></td><td class=\"t m0 x5ef hc y4272 ff4 fs6 fc1 sc0 ls56 ws55\">exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted po<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>cy ben<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>s payab<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>. The co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>osi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on of the inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>fol<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span> </td></tr><tr><td class=\"t m0 x206 h1a y4273 ff3 fs6 fc1 sc0 ls56 ws0\">ass<span class=\"_ _0\"></span>ets a<span class=\"_ _0\"></span>nd li<span class=\"_ _0\"></span>abi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>ies a<span class=\"_ _0\"></span>ris<span class=\"_ _0\"></span>ing f<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>m ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>es i<span class=\"_ _0\"></span>n und<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ly<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g </td><td></td><td class=\"t m0 x5ef hc y4274 ff4 fs6 fc1 sc0 ls56 ws55\">is gover<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ed by the natu<span class=\"_ _0\"></span>re of the insur<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce or sav<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>s liabi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>, the ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d </td></tr><tr><td class=\"t m0 x206 hc y4275 ff4 fs6 fc1 sc0 ls14f ws1bf\">in<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>t rate<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m0 x5ef h1a y4276 ff3 fs6 fc1 sc0 ls56 ws0\">rate of re<span class=\"_ _0\"></span>tur<span class=\"_ _0\"></span>n ap<span class=\"_ _0\"></span>pli<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>ble o<span class=\"_ _0\"></span>n ea<span class=\"_ _0\"></span>ch c<span class=\"_ _0\"></span>las<span class=\"_ _0\"></span>s of ass<span class=\"_ _0\"></span>et a<span class=\"_ _0\"></span>nd th<span class=\"_ _0\"></span>e ca<span class=\"_ _0\"></span>pi<span class=\"_ _0\"></span>tal ava<span class=\"_ _0\"></span>ila<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>e to me<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span> </td></tr><tr><td></td><td></td><td class=\"t m0 x5ef hc y4277 ff4 fs6 fc1 sc0 ls56 ws55\">the pr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e flu<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>uati<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>s of <span class=\"_ _1\"></span>ea<span class=\"_ _0\"></span>ch ass<span class=\"_ _0\"></span>et clas<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, relati<span class=\"_ _0\"></span>ve to the liabi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>ies th<span class=\"_ _0\"></span>ey sup<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></td></tr></table>16<span class=\"ls26 ws93\">.<span class=\"_ _d\"> </span>Ma<span class=\"_ _0\"></span>rket r<span class=\"_ _0\"></span>isk<span class=\"_ _3b2\"> </span></span>(i<span class=\"_ _1\"></span>)<span class=\"_ _154\"> </span>Invest<span class=\"_ _0\"></span>ment per<span class=\"_ _0\"></span>forma<span class=\"_ _0\"></span>nce r<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>k<span class=\"_ _3b2\"> </span>(<span class=\"_ _1\"></span>a) <span class=\"_ _4f\"> </span>Equ<span class=\"_ _0\"></span>it<span class=\"_ _3\"></span>y se<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Group c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ols its ex<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>ure to geog<span class=\"_ _0\"></span>rap<span class=\"_ _0\"></span>hic pr<span class=\"_ _0\"></span>ice r<span class=\"_ _0\"></span>isks by using in<span class=\"_ _0\"></span>terna<span class=\"_ _0\"></span>l coun<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>y ris<span class=\"_ _0\"></span>k expo<span class=\"_ _0\"></span>sure lim<span class=\"_ _0\"></span>its<span class=\"_ _0\"></span>. The<span class=\"_ _0\"></span>se exp<span class=\"_ _0\"></span>osur<span class=\"_ _0\"></span>e limits are ba<span class=\"_ _0\"></span>sed on<span class=\"_ _0\"></span> mac<span class=\"_ _0\"></span>roe<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>no<span class=\"_ _0\"></span>mic dat<span class=\"_ _0\"></span>a and key qualit<span class=\"_ _0\"></span>ative ind<span class=\"_ _0\"></span>icato<span class=\"_ _0\"></span>rs. T<span class=\"_ _0\"></span>he lat<span class=\"_ _0\"></span>ter take into acc<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nt ec<span class=\"_ _0\"></span>ono<span class=\"_ _0\"></span>mic<span class=\"_ _0\"></span>, so<span class=\"_ _0\"></span>cial an<span class=\"_ _0\"></span>d poli<span class=\"_ _0\"></span>tic<span class=\"_ _0\"></span>al enviro<span class=\"_ _0\"></span>nm<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e tabl<span class=\"_ _0\"></span>e below<span class=\"_ _0\"></span> indi<span class=\"_ _0\"></span>cates the G<span class=\"_ _0\"></span>roup\u2019s exp<span class=\"_ _0\"></span>osure to dif<span class=\"_ _0\"></span>feren<span class=\"_ _0\"></span>t equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y market<span class=\"_ _0\"></span>s aroun<span class=\"_ _0\"></span>d the worl<span class=\"_ _0\"></span>d. Un<span class=\"_ _0\"></span>it linke<span class=\"_ _0\"></span>d equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y investm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s are exclud<span class=\"_ _0\"></span>ed fro<span class=\"_ _0\"></span>m the tabl<span class=\"_ _0\"></span>e as the risk<span class=\"_ gsec\"> </span>is ret<span class=\"_ _0\"></span>aine<span class=\"_ _0\"></span>d by the pol<span class=\"_ _0\"></span>icy<span class=\"_ _0\"></span>hol<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>.<span class=\"_ _3b2\"> </span><table class=\"s w15d h162\" id=\"_8b92b143-de7b-4e80-a935-b7e5e566eaeb\"><tr><td></td><td class=\"t m2 x1c6 h13 y438d ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y438d ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 h13 y438e ff5 fs9 fc1 sc0 ls18 ws0\">E<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>re t<span class=\"_ _0\"></span>o wor<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>dw<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>e eq<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y m<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ke<span class=\"_ _0\"></span>ts<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 h13 y438e ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y438e ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y416c w250 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls11e ws5c\">United Kingdom<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x22f y416c w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">75<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x20a y416c w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">130<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y433b w251 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls113 ws5b\">North America<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x903 y433b w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">298<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x233 y433b w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">231<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y416e w252 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">Europe<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x904 y416e w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">187<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1ed y416e w4b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">326<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y417f w253 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws118\">Japan<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x905 y417f w59 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">8<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x906 y417f w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">10<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4170 w254 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10e ws54\">Asia Pacific<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x65a y4170 w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">73<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x907 y4170 w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">74<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4180 w141 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 lsea ws122\">Othe<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x908 y4180 w70 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">37<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x360 y4180 w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">31<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4181 w255 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls11e ws5c\">Listed equities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x209 y4181 w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">678<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x20a y4181 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">802<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y4183 w15b h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">Unlisted equities</div><div class=\"t m2 x4ee h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x420 y4183 w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">988<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x421 y4183 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">958<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y4122 w256 h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Holdings in unit trusts</div><div class=\"t m2 x909 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3c6 y4158 w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,282<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3c7 y4158 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,406<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w156 h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws23\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> equities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1e9 y40ae w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,948<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1ea y40ae w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,166<span class=\"_ _3b2\"> </span></div></td></tr></table>1.<span class=\"_ _1d\"> </span>Un<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d eq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e sp<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>t b<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n \u00a3<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>m (2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>23<span class=\"_ _0\"></span>: \u00a35<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>2m) U<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d K<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>do<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>, \u00a3<span class=\"_ _0\"></span>36<span class=\"_ _0\"></span>9m (2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>23<span class=\"_ _0\"></span>: \u00a3<span class=\"_ _0\"></span>319m) Eu<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>e an<span class=\"_ _0\"></span>d \u00a3175<span class=\"_ _0\"></span>m (20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3: \u00a35<span class=\"_ _0\"></span>7m) N<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>th A<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>2.<span class=\"_ _1d\"> </span>Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d P<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>hi<span class=\"_ _0\"></span>ps a<span class=\"_ _0\"></span>re i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d wi<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>in H<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ld<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>gs i<span class=\"_ _0\"></span>n u<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>t tr<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s.<span class=\"_ _3b2\"> </span>(b) <span class=\"_ _7\"> </span>D<span class=\"_ _0\"></span>ebt s<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>rit<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Group c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ols its ex<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>ure to geog<span class=\"_ _0\"></span>rap<span class=\"_ _0\"></span>hic pr<span class=\"_ _0\"></span>ice r<span class=\"_ _0\"></span>isks by using in<span class=\"_ _0\"></span>terna<span class=\"_ _0\"></span>l coun<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>y cre<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t rating<span class=\"_ _0\"></span>s. Th<span class=\"_ _0\"></span>ese rat<span class=\"_ _0\"></span>ings are bas<span class=\"_ _0\"></span>ed on ma<span class=\"_ _0\"></span>cro<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>omi<span class=\"_ _0\"></span>c data and key qual<span class=\"_ _0\"></span>itati<span class=\"_ _0\"></span>ve indi<span class=\"_ _0\"></span>cator<span class=\"_ _0\"></span>s. Th<span class=\"_ _0\"></span>e lat<span class=\"_ _0\"></span>ter take into acco<span class=\"_ _0\"></span>unt e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>no<span class=\"_ _0\"></span>mic<span class=\"_ _0\"></span>, soc<span class=\"_ _0\"></span>ial and po<span class=\"_ _0\"></span>liti<span class=\"_ _0\"></span>cal e<span class=\"_ _0\"></span>nviro<span class=\"_ _0\"></span>nme<span class=\"_ _0\"></span>nts<span class=\"_ _0\"></span>. The ta<span class=\"_ _0\"></span>ble be<span class=\"_ _0\"></span>low ind<span class=\"_ _0\"></span>icates th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p\u2019s<span class=\"_ gsec\"> </span>expos<span class=\"_ _0\"></span>ure to diffe<span class=\"_ _0\"></span>rent de<span class=\"_ _0\"></span>bt se<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y mar<span class=\"_ _0\"></span>kets arou<span class=\"_ _0\"></span>nd the wor<span class=\"_ _0\"></span>ld. U<span class=\"_ _0\"></span>nit lin<span class=\"_ _0\"></span>ked deb<span class=\"_ _0\"></span>t secu<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ties are excl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>d from th<span class=\"_ _0\"></span>e table as th<span class=\"_ _0\"></span>e risk is<span class=\"_ gsec\"> </span>retai<span class=\"_ _0\"></span>ned<span class=\"_ gsec\"> </span>by th<span class=\"_ _0\"></span>e poli<span class=\"_ _0\"></span>cy<span class=\"_ _0\"></span>hol<span class=\"_ _0\"></span>der.<span class=\"_ _3b2\"> </span><table class=\"s w257 h163\" id=\"_f3eda4b1-7ba6-4270-ac3d-3fca002421bb\"><tr><td></td><td class=\"t m2 x1c6 h13 y438f ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y438f ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x1c6 h13 y4390 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y4390 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 h13 y4391 ff5 fs9 fc1 sc0 ls1 ws16\">T<span class=\"_ _1\"></span>otal debt securities </td><td class=\"t m2 x1c8 h13 y4391 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y4391 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y40b8 w250 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">United Kingdom<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x57c y40b8 w2f h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">40,992<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3bf y40b8 wd3 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">37,273<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40b9 w258 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls52 ws12a\">USA<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x90a y40b9 w2f h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">30,347<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x515 y40b9 w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">29,012<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y416a w259 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 lsea ws122\">Netherlan<span class=\"_ _0\"></span>ds<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x250 y416a w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,934<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x251 y416a w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,206<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y42f1 w25a h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">Fran<span class=\"_ _0\"></span>ce<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1e7 y42f1 w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,521<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1e8 y42f1 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,397<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y416c w25b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">Germany<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1f8 y416c w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">413<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1f9 y416c w4b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">277<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 hc y4392 ff4 fs6 fc1 sc0 ls114 ws120\">GIIPS<span class=\"_ _0\"></span>: </td><td></td><td></td></tr><tr><td class=\"c n x1cb y4315 w25c h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">- Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1d2 y4315 w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,915<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1d3 y4315 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,066<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y417f w25d h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">- Ita<span class=\"_ _0\"></span>ly<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3c8 y417f w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">115<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x90b y417f w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">68<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4170 w25e h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">- Sp<span class=\"_ _0\"></span>ain<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x209 y4170 w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">214<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x20a y4170 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">246<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4180 w25f h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls149 ws1bc\">Belgium<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x209 y4180 w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">280<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x20a y4180 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">504<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y419a w260 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Res<span class=\"_ _0\"></span>t of Eur<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x250 y419a w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,895<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x251 y419a w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,998<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w261 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Res<span class=\"_ _0\"></span>t of Wor<span class=\"_ _0\"></span>ld<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x811 y4121 w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">6,494<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x812 y4121 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">6,229<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y4184 w262 h126\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls130 ws12a\">Coll<span class=\"_ _0\"></span>ateralised d<span class=\"_ _0\"></span>ebt obli<span class=\"_ _0\"></span>gations</div><div class=\"t m2 x90c h5a y4138 ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x423 y4122 w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">52<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x424 y4122 w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">54<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w21b h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws0\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x57c y40ae w2f h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">87,172<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3bf y40ae wd3 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">81,330<span class=\"_ _3b2\"> </span></div></td></tr></table>1.<span class=\"_ _1d\"> </span>Al<span class=\"_ _0\"></span>l C<span class=\"_ _0\"></span>DO<span class=\"_ _0\"></span>s of \u00a3<span class=\"_ _0\"></span>52<span class=\"_ _0\"></span>m (20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3: \u00a3<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>m) are d<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>d i<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e Re<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t of Wo<span class=\"_ _0\"></span>rl<span class=\"_ _0\"></span>d.<span class=\"_ _3b2\"> </span>(<span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>) <span class=\"_ _4c\"> </span>Add<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>iona<span class=\"_ _3\"></span>l di<span class=\"_ _0\"></span>sclos<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>res on s<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>holder s<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s ex<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>re<span class=\"_ _3b2\"> </span><table class=\"s w263 h164\" id=\"_bd0bdd7d-996c-467f-ba87-e33b53601760\"><tr><td></td><td></td><td class=\"t m0 x430 h13 y4393 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x431 h13 y4393 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c6 hf y4393 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c7 hf y4393 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x432 h13 y4394 ff5 fs9 fc1 sc0 ls1 ws0\">\u00a3m </td><td class=\"t m0 x499 h13 y4394 ff5 fs9 fc1 sc0 ls1 ws0\">%<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c8 hf y4394 ff3 fs9 fc1 sc0 ls1 ws0\">\u00a3m </td><td class=\"t m0 x581 h10 y4394 ff4 fs9 fc1 sc0 ls1 ws0\">%<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y4395 w264 h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">So<span class=\"_ _0\"></span>vere<span class=\"_ _0\"></span>ig<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>, supr<span class=\"_ _0\"></span>as and sub<span class=\"_ _3\"></span>-s<span class=\"_ _0\"></span>over<span class=\"_ _0\"></span>eig<span class=\"_ _0\"></span>ns<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x90d y4395 w2f h116\"><div class=\"t m0 x1ca hc y4084 ff6 fs6 fc1 sc0 ls56 ws55\">17,682<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x90e y4395 w7b h116\"><div class=\"t m0 x1ca hc y4084 ff5 fs6 fc1 sc0 ls56 ws55\">20<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x90f y4395 w3e h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">11,869<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x910 y4395 w39 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls56 ws55\">15<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 hc y4396 ff4 fs6 fc1 sc0 ls114 ws120\">Banks:<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4397 w114 h116\"><div class=\"t m0 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y4397 w265 h116\"><div class=\"t m0 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls56 ws0\">Ti<span class=\"_ _0\"></span>er 1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x911 y4397 wa5 h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x912 y4397 wa5 h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x653 y4397 w39 h116\"><div class=\"t m0 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls56 ws55\">21<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x77d y4397 wbf h116\"><div class=\"t m0 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4398 w114 h116\"><div class=\"t m0 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y4398 w266 h116\"><div class=\"t m0 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls56 ws0\">Ti<span class=\"_ _0\"></span>er 2 a<span class=\"_ _0\"></span>nd ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r sub<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>ated<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x913 y4398 w7b h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls56 ws55\">75<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x914 y4398 wa5 h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x599 y4398 w42 h116\"><div class=\"t m0 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls56 ws55\">125<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x915 y4398 wbd h116\"><div class=\"t m0 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4399 w114 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y4399 w267 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws1bc\">Seni<span class=\"_ _0\"></span>or<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x916 y4399 w36 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">6,771<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x917 y4399 w59 h118\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws0\">8<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x918 y4399 w37 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">6,751<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x919 y4399 w75 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">8<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y439a w114 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y439a w268 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls94 ws99\">Cove<span class=\"_ _0\"></span>red<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x91a y439a w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">212<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x91b y439a wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x91c y439a w42 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">106<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x91d y439a wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 hc y439b ff4 fs6 fc1 sc0 ls10a ws118\" colspan=\"2\">Financial services:<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y439c w114 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y439c w266 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Ti<span class=\"_ _0\"></span>er 2 a<span class=\"_ _0\"></span>nd ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r sub<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>ated<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x91e y439c w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">158<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x914 y439c wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x599 y439c w42 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">158<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x915 y439c wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y439d w114 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y439d w267 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws1bc\">Seni<span class=\"_ _0\"></span>or<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x916 y439d w36 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,740<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x917 y439d w59 h118\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x918 y439d w37 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,146<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x919 y439d w75 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 hc y439e ff4 fs6 fc1 sc0 lsea ws122\">Insurance:<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4161 w114 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y4161 w265 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Ti<span class=\"_ _0\"></span>er 1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x911 y4161 wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x912 y4161 wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x91f y4161 w75 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">9<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x920 y4161 wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y439f w114 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y439f w266 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Ti<span class=\"_ _0\"></span>er 2 a<span class=\"_ _0\"></span>nd ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r sub<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>ated<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x91e y439f w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">224<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x914 y439f wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x599 y439f w42 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">238<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x915 y439f wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4163 w114 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y4163 w267 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls149 ws1bc\">Seni<span class=\"_ _0\"></span>or<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x921 y4163 w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">956<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x922 y4163 w59 h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x923 y4163 w42 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">988<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x924 y4163 w50 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 hc y43a0 ff4 fs6 fc1 sc0 ls56 ws55\" colspan=\"2\">Co<span class=\"_ _0\"></span>nsu<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>r ser<span class=\"_ _3\"></span>vic<span class=\"_ _0\"></span>es and go<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>s:<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y430e w114 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y430e w269 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls130 ws1a1\">Cyc<span class=\"_ _0\"></span>lical<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x76b y430e w36 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,642<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x76c y430e w59 h118\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x918 y430e w37 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,109<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x919 y430e w75 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40b6 w114 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y40b6 w26a h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws11c\">Non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>cyclical<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x76b y40b6 w36 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">6,347<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x76c y40b6 w59 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x918 y40b6 w37 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">7,313<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x919 y40b6 w75 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">9<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4168 w114 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y4168 w26b h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls12c ws140\">Heal<span class=\"_ _0\"></span>thc<span class=\"_ _0\"></span>are<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x925 y4168 w36 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,223<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6cc y4168 w59 h118\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x926 y4168 w37 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,441<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x927 y4168 w75 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 hc y43a1 ff4 fs6 fc1 sc0 ls10e ws11c\" colspan=\"2\">Infrastructure: </td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y40b9 w114 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y40b9 w26c h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1f ws24\">So<span class=\"_ _0\"></span>cial<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x76b y40b9 w36 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">6,875<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x76c y40b9 w59 h118\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws0\">8<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x918 y40b9 w37 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">6,524<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x919 y40b9 w75 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">8<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ba w114 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y40ba w26d h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls12e ws142\">Economic<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x928 y40ba w36 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">6,029<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x929 y40ba wa8 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x92a y40ba w30 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5,610<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3d3 y40ba w50 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y42f1 w26e h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">T<span class=\"_ _1\"></span>echnology a<span class=\"_ _1\"></span>nd telecoms<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x92b y42f1 w36 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">4,103<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x92c y42f1 wa8 h118\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws0\">5<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x92d y42f1 w30 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">4,829<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8da y42f1 w50 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">6<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y43a2 w26f h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 lsea ws122\">Industrials<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x5a6 y43a2 w36 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,576<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x764 y43a2 w59 h118\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x92e y43a2 w37 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,328<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x92f y43a2 w75 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40bd w270 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls112 ws6\">Utili<span class=\"_ _0\"></span>ties<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x5a6 y40bd w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">9,288<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x77b y40bd w7b h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">11<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x930 y40bd w3e h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">10,464<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3dc y40bd w39 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">13<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4315 w271 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls12e ws142\">Energy<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x931 y4315 w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,063<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x932 y4315 w59 h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x933 y4315 w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,597<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x934 y4315 w75 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y417f w272 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws118\">Commodi<span class=\"_ _0\"></span>ties<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x935 y417f w4a h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">814<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x936 y417f wa8 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x937 y417f w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">885<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x938 y417f w75 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41dd w273 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Oil a<span class=\"_ _0\"></span>nd g<span class=\"_ _0\"></span>as<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x939 y41dd w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,497<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x2db y41dd w59 h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x93a y41dd w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,517<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x93b y41dd w75 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c1 w274 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls14f ws118\">Rea<span class=\"_ _0\"></span>l e<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ate<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x93c y40c1 w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">4,497<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x93d y40c1 wa8 h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws0\">5<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x79b y40c1 w30 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">4,451<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x93e y40c1 w50 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">5<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y419a w275 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls12e wsca\">Structured<span class=\"_ _1\"></span> finance ABS/RMBS/CMBS/Other<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x93f y419a w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">4,487<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x940 y419a wa8 h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws0\">5<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x941 y419a w30 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,031<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x2b6 y419a w50 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w276 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls113 ws5b\">Lifet<span class=\"_ _1\"></span>ime mortgage<span class=\"_ _1\"></span> loans<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x92b y4121 w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">5,861<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x92c y4121 wa8 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x92d y4121 w30 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5,766<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8da y4121 w50 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4184 w277 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls130 ws12a\">Coll<span class=\"_ _0\"></span>ateralised d<span class=\"_ _0\"></span>ebt obli<span class=\"_ _0\"></span>gations<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x913 y4184 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">52<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x914 y4184 wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x942 y4184 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">54<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x943 y4184 wbf h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w21b h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws0\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x862 y40ae w2f h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">87,172<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x944 y40ae w4a h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">100<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x945 y40ae w3e h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">81,330<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4dc y40ae w42 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">100<span class=\"_ _3b2\"> </span></div></td></tr></table><table class=\"s w164 h165\" id=\"_42e1da9b-29a2-4ef5-99fb-c48fa05a8229\"><tr><td></td><td class=\"t m0 x1c6 h13 y43a3 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c7 hf y43a3 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 h13 y43a4 ff6 fs9 fc1 sc0 ls18 ws32\">An<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>ys<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s of sove<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>ig<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>s, su<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d sub<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>sove<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ei<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>ns<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c8 h13 y43a4 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 hf y43a4 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 hb y43a5 ff6 fs6 fc1 sc0 ls56 ws55\">Ma<span class=\"_ _0\"></span>rke<span class=\"_ _0\"></span>t val<span class=\"_ _0\"></span>ue by re<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>on<span class=\"_ _3b2\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4304 w250 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">United Kingdom<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x57c y4304 w2f h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">13,298<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1d3 y4304 w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">8,790<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40be w258 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls52 ws12a\">USA<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x250 y40be w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,528<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x251 y40be w30 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,696<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y43a6 w259 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 lsea ws122\">Netherlan<span class=\"_ _0\"></span>ds<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x56b y43a6 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">29<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x946 y43a6 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">40<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y418c w25a h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">Fran<span class=\"_ _0\"></span>ce<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x209 y418c w4a h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">377<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x230 y418c w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">52<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4180 w25b h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">Germany<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1f8 y4180 w4a h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">123<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x907 y4180 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">84<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4182 w278 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x429 y4182 w4a h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">426<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x42a y4182 w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">425<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4183 w260 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Res<span class=\"_ _0\"></span>t of Eur<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x947 y4183 w4a h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">324<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x655 y4183 w4b h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">248<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4122 w261 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Res<span class=\"_ _0\"></span>t of Wor<span class=\"_ _0\"></span>ld<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x948 y4122 w4a h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">577<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x949 y4122 w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">534<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w21b h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws0\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x256 y40ae w93 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">17,682<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x257 y40ae w3e h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">11,869<span class=\"_ _3b2\"> </span></div></td></tr></table><div class=\"t m2 h21 ff1 fs10 fc2 sc0 ls9c wsa0 gs6f6\">(<span class=\"_ _1\"></span>ii) <span class=\"_ _36\"> </span>Currenc<span class=\"_ _0\"></span>y risk<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs6f7\">Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p has mi<span class=\"_ _0\"></span>nima<span class=\"_ _0\"></span>l exp<span class=\"_ _0\"></span>osure to cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>y risk f<span class=\"_ _0\"></span>rom f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al ins<span class=\"_ _0\"></span>tru<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts he<span class=\"_ _0\"></span>ld by bu<span class=\"_ _0\"></span>sine<span class=\"_ _0\"></span>ss uni<span class=\"_ _0\"></span>ts in c<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>ies ot<span class=\"_ _0\"></span>her t<span class=\"_ _0\"></span>han th<span class=\"_ _0\"></span>eir f<span class=\"_ _0\"></span>unc<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs6f8\">cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cie<span class=\"_ _0\"></span>s, ne<span class=\"_ _0\"></span>arl<span class=\"_ _0\"></span>y all such ho<span class=\"_ _0\"></span>ldi<span class=\"_ _0\"></span>ngs are ei<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r back<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g insur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts in the sa<span class=\"_ _0\"></span>me cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cy or are he<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>ed bac<span class=\"_ _0\"></span>k to GBP<span class=\"_ _4\"></span>. </div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs6f9\">Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p op<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>tes intern<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>nall<span class=\"_ _0\"></span>y and as a re<span class=\"_ _0\"></span>sul<span class=\"_ _0\"></span>t is exp<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>d to foreign c<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cy exch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e risk a<span class=\"_ _0\"></span>risin<span class=\"_ _0\"></span>g fro<span class=\"_ _0\"></span>m fl<span class=\"_ _0\"></span>uct<span class=\"_ _0\"></span>uatio<span class=\"_ _0\"></span>ns in exc<span class=\"_ _0\"></span>han<span class=\"_ _0\"></span>ge rates of </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs6fa\">vari<span class=\"_ _0\"></span>ous cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>es. T<span class=\"_ _0\"></span>he larg<span class=\"_ _0\"></span>est U<span class=\"_ _0\"></span>nited S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ates dolla<span class=\"_ _0\"></span>r cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cy exp<span class=\"_ _0\"></span>osure<span class=\"_ _0\"></span>s relate to the Group\u2019s US bus<span class=\"_ _0\"></span>ines<span class=\"_ _0\"></span>s, Le<span class=\"_ _0\"></span>gal &amp; Ge<span class=\"_ _0\"></span>ner<span class=\"_ _0\"></span>al Am<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ica<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e major<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs6fb\">of curre<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>y expos<span class=\"_ _0\"></span>ures rel<span class=\"_ _0\"></span>ating to euro<span class=\"_ _0\"></span>s are held by LGIM Man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>rs (Eu<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>e) <span class=\"_ _1\"></span>Lim<span class=\"_ _0\"></span>ited<span class=\"_ _0\"></span>, a subsid<span class=\"_ _0\"></span>iar<span class=\"_ _0\"></span>y of L&amp;<span class=\"_ _0\"></span>G \u2013 Ass<span class=\"_ _0\"></span>et Man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt Lim<span class=\"_ _0\"></span>ited<span class=\"_ _0\"></span>. The<span class=\"_ _0\"></span> </div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs6fc\">Grou<span class=\"_ _0\"></span>p do<span class=\"_ _0\"></span>es not h<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>ge fore<span class=\"_ _0\"></span>ign cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>y revenu<span class=\"_ _0\"></span>es as th<span class=\"_ _0\"></span>ese a<span class=\"_ _0\"></span>re subs<span class=\"_ _0\"></span>tan<span class=\"_ _0\"></span>tially r<span class=\"_ _0\"></span>etain<span class=\"_ _0\"></span>ed l<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>ally to su<span class=\"_ _0\"></span>pp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>he grow<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h of the G<span class=\"_ _0\"></span>roup\u2019s bus<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>ss and<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs6fd\">me<span class=\"_ _0\"></span>et lo<span class=\"_ _0\"></span>cal reg<span class=\"_ _0\"></span>ulator<span class=\"_ _3\"></span>y and mar<span class=\"_ _0\"></span>ket requir<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nts<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs6fe\">Busi<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>ses aim to mainta<span class=\"_ _0\"></span>in suf<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ici<span class=\"_ _0\"></span>ent ass<span class=\"_ _0\"></span>ets in lo<span class=\"_ _0\"></span>cal cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>y to meet lo<span class=\"_ _0\"></span>cal cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>ncy lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>, however m<span class=\"_ _0\"></span>oveme<span class=\"_ _0\"></span>nts may imp<span class=\"_ _0\"></span>act th<span class=\"_ _0\"></span>e value of the </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 lsd ws7f gs6ff\">Grou<span class=\"_ _0\"></span>p\u2019s consol<span class=\"_ _0\"></span>idated shar<span class=\"_ _0\"></span>eho<span class=\"_ _0\"></span>lde<span class=\"_ _0\"></span>rs\u2019 eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y whic<span class=\"_ _0\"></span>h is expresse<span class=\"_ _0\"></span>d in sterlin<span class=\"_ _0\"></span>g. This asp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t of <span class=\"_ _1\"></span>foreig<span class=\"_ _0\"></span>n exchang<span class=\"_ _0\"></span>e risk is monitore<span class=\"_ _0\"></span>d and manag<span class=\"_ _0\"></span>ed ce<span class=\"_ _0\"></span>ntral<span class=\"_ _0\"></span>ly, </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 lsd ws7f gs700\">again<span class=\"_ _0\"></span>st pre<span class=\"_ _0\"></span>-<span class=\"_ _3\"></span>deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ed limi<span class=\"_ _0\"></span>ts. Th<span class=\"_ _0\"></span>ese expo<span class=\"_ _0\"></span>sure<span class=\"_ _0\"></span>s are manage<span class=\"_ _0\"></span>d by <span class=\"_ _1\"></span>align<span class=\"_ _0\"></span>ing the dep<span class=\"_ _0\"></span>loy<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t of <span class=\"_ _1\"></span>regu<span class=\"_ _0\"></span>lator<span class=\"_ _0\"></span>y cap<span class=\"_ _0\"></span>ita<span class=\"_ _0\"></span>l by <span class=\"_ _1\"></span>cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cy with the Grou<span class=\"_ _0\"></span>p\u2019s <span class=\"_ _1\"></span>reg<span class=\"_ _0\"></span>ulator<span class=\"_ _3\"></span>y </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 lsd ws7f gs701\">cap<span class=\"_ _0\"></span>ital req<span class=\"_ _0\"></span>uire<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts by <span class=\"_ _1\"></span>cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cy. Curren<span class=\"_ _0\"></span>cy bor<span class=\"_ _0\"></span>rowin<span class=\"_ _0\"></span>gs and deri<span class=\"_ _0\"></span>vative<span class=\"_ _0\"></span>s may <span class=\"_ _1\"></span>be use<span class=\"_ _0\"></span>d to <span class=\"_ _1\"></span>manag<span class=\"_ _0\"></span>e expos<span class=\"_ _0\"></span>ures with<span class=\"_ _0\"></span>in the limits that have bee<span class=\"_ _0\"></span>n set.<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs702\">As at 31 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>24, the G<span class=\"_ _0\"></span>roup he<span class=\"_ _0\"></span>ld net as<span class=\"_ _0\"></span>sets of \u00a31.5bn (202<span class=\"_ _0\"></span>3: net lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ties of \u00a30<span class=\"_ _0\"></span>.5bn) of its total equit<span class=\"_ _0\"></span>y at<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>tab<span class=\"_ _0\"></span>le to shareh<span class=\"_ _0\"></span>old<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s in </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs703\">cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cie<span class=\"_ _0\"></span>s, mai<span class=\"_ _0\"></span>nly Un<span class=\"_ _0\"></span>ited S<span class=\"_ _0\"></span>tates do<span class=\"_ _0\"></span>llar an<span class=\"_ _0\"></span>d euro<span class=\"_ _0\"></span>, other tha<span class=\"_ _0\"></span>n the fun<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>onal cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>y of the relevan<span class=\"_ _0\"></span>t busin<span class=\"_ _0\"></span>ess uni<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>. The exch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e risks in<span class=\"_ _0\"></span>here<span class=\"_ _0\"></span>nt </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs704\">in<span class=\"_ gsec\"> </span>the<span class=\"_ _0\"></span>se exp<span class=\"_ _0\"></span>osure<span class=\"_ _0\"></span>s may be miti<span class=\"_ _0\"></span>gated thro<span class=\"_ _0\"></span>ugh th<span class=\"_ _0\"></span>e use of deri<span class=\"_ _0\"></span>vative<span class=\"_ _0\"></span>s, mai<span class=\"_ _0\"></span>nly for<span class=\"_ _0\"></span>war<span class=\"_ _0\"></span>d curr<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>y con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls7 ws3d gs705\">Co<span class=\"_ _0\"></span>nsiste<span class=\"_ _0\"></span>nt with the <span class=\"_ _1\"></span>Grou<span class=\"_ _0\"></span>p\u2019s <span class=\"_ _1\"></span>acc<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nting poli<span class=\"_ _0\"></span>cie<span class=\"_ _0\"></span>s, the profi<span class=\"_ _0\"></span>ts of <span class=\"_ _1\"></span>overseas busin<span class=\"_ _0\"></span>ess unit<span class=\"_ _0\"></span>s (<span class=\"_ _1\"></span>repor<span class=\"_ _3\"></span>ted as <span class=\"_ _1\"></span>func<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal curre<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>es) <span class=\"_ _1\"></span>are translated at a<span class=\"_ _1\"></span>vera<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls7 ws3d gs706\">exchan<span class=\"_ _0\"></span>ge rates and <span class=\"_ _1\"></span>the net assets (<span class=\"_ _1\"></span>rep<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d as <span class=\"_ _1\"></span>func<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>al curre<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>es) <span class=\"_ _1\"></span>at <span class=\"_ _1\"></span>the closi<span class=\"_ _0\"></span>ng rate <span class=\"_ _1\"></span>for the <span class=\"_ _1\"></span>repo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng peri<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>. A <span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>0% increa<span class=\"_ _0\"></span>se (<span class=\"_ _1\"></span>weakeni<span class=\"_ _0\"></span>ng of <span class=\"_ _1\"></span>foreign<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls7 ws3d gs707\">cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cie<span class=\"_ _0\"></span>s) <span class=\"_ _1\"></span>or <span class=\"_ _1\"></span>de<span class=\"_ _0\"></span>crea<span class=\"_ _0\"></span>se (<span class=\"_ _1\"></span>stren<span class=\"_ _0\"></span>gth<span class=\"_ _0\"></span>eni<span class=\"_ _0\"></span>ng of <span class=\"_ _1\"></span>foreign cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cies) in <span class=\"_ _1\"></span>these rates would increase or reduc<span class=\"_ _0\"></span>e the profit for <span class=\"_ _1\"></span>the year and net <span class=\"_ _1\"></span>asse<span class=\"_ _0\"></span>ts as <span class=\"_ _1\"></span>follows:<span class=\"_ _3b2\"> </span></div><div class=\"gs708\"><table class=\"s w279 h166\" id=\"_ecf85a9d-8e72-4f33-835e-7b32543d525e\"><tr><td></td><td class=\"t m2 x94a h10 y43a7 ff4 fs9 fc1 sc0 ls18 ws32\">A 1<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>% inc<span class=\"_ _0\"></span>rea<span class=\"_ _0\"></span>se in </td><td></td><td class=\"t m2 x495 h10 y43a7 ff4 fs9 fc1 sc0 ls18 ws32\">A 1<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>% dec<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>ase in<span class=\"_ _0\"></span> </td><td></td></tr><tr><td></td><td class=\"t m2 x94b h10 y43a8 ff4 fs9 fc1 sc0 ls18 ws32\">US<span class=\"_ _0\"></span>D<span class=\"_ _0\"></span>:G<span class=\"_ _0\"></span>BP exc<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>e rate<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m2 x94c h10 y43a8 ff4 fs9 fc1 sc0 ls18 ws32\">US<span class=\"_ _0\"></span>D<span class=\"_ _0\"></span>:G<span class=\"_ _0\"></span>BP exc<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>e rate<span class=\"_ _3b2\"> </span></td><td></td></tr><tr><td></td><td class=\"t m2 x430 h13 y43a9 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x637 hf y43a9 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c6 h13 y43a9 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y43a9 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x432 h13 y43aa ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x433 hf y43aa ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 h13 y43aa ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y43aa ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c x1cb y40ac w117 h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Prof<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t for th<span class=\"_ _0\"></span>e yea<span class=\"_ _0\"></span>r</div><div class=\"t m2 x407 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x94d y40ac w67 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(7)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x94e y40ac w75 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x94f y40ac wa8 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">9<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x950 y40ac w6a h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(6)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y40ae w27a h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Ne<span class=\"_ _0\"></span>t ass<span class=\"_ _0\"></span>ets at<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>bu<span class=\"_ _0\"></span>tab<span class=\"_ _0\"></span>le to U<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>D exp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>s</div><div class=\"t m2 x951 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x952 y40ae w41 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(92)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x953 y40ae w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">20<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x954 y40ae w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">111<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x955 y40ae w71 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(24)<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"gs709\"><table class=\"s w27b h166\" id=\"_f1d1d9b6-1e79-48b9-a2ad-36ddb32e497a\"><tr><td></td><td class=\"t m2 x94a h10 y43ab ff4 fs9 fc1 sc0 ls18 ws32\">A 1<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>% inc<span class=\"_ _0\"></span>rea<span class=\"_ _0\"></span>se in<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m2 x495 h10 y43ab ff4 fs9 fc1 sc0 ls18 ws32\">A 1<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>% dec<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>ase in<span class=\"_ _3b2\"> </span></td><td></td></tr><tr><td></td><td class=\"t m2 x94b h10 y43ac ff4 fs9 fc1 sc0 ls18 ws32\">EU<span class=\"_ _0\"></span>R<span class=\"_ _0\"></span>:G<span class=\"_ _0\"></span>B<span class=\"_ _0\"></span>P exch<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ge rate<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m2 x94c h10 y43ac ff4 fs9 fc1 sc0 ls18 ws32\">EU<span class=\"_ _0\"></span>R<span class=\"_ _0\"></span>:G<span class=\"_ _0\"></span>B<span class=\"_ _0\"></span>P exch<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ge rate<span class=\"_ _3b2\"> </span></td><td></td></tr><tr><td></td><td class=\"t m2 x430 h13 y43ad ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x637 hf y43ad ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c6 h13 y43ad ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y43ad ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x432 h13 y43ae ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x433 hf y43ae ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 h13 y43ae ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y43ae ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c x1cb y40ac w117 h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Prof<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t for th<span class=\"_ _0\"></span>e yea<span class=\"_ _0\"></span>r</div><div class=\"t m2 x407 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x442 y40ac wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x956 y40ac wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x957 y40ac wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x958 y40ac wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y40ae w27a h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Ne<span class=\"_ _0\"></span>t ass<span class=\"_ _0\"></span>ets at<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>bu<span class=\"_ _0\"></span>tab<span class=\"_ _0\"></span>le to U<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>D exp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>s</div><div class=\"t m2 x951 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x952 y40ae w41 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(17)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x959 y40ae w75 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x95a y40ae w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">22<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x95b y40ae w6a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(2)<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs70a\">1. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>Pr<span class=\"_ _0\"></span>ofi<span class=\"_ _0\"></span>t fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar i<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ts r<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e on<span class=\"_ _0\"></span>ly t<span class=\"_ _0\"></span>o ove<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>s b<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>s un<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ts w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e th<span class=\"_ _0\"></span>e fu<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>l c<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>cy i<span class=\"_ _0\"></span>s no<span class=\"_ _0\"></span>t s<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>rl<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>. Ne<span class=\"_ _0\"></span>t as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t i<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s in<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>de b<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>th f<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>al c<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>y an<span class=\"_ _0\"></span>d n<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>-<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs70b\">fu<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>l cu<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>cy e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s.<span class=\"_ _3b2\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfMarketRiskExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-648": {
   "value": "Cr<span class=\"_ _1\"></span>edi<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span> ris<span class=\"_ _1\"></span>k<span class=\"_ _3b2\"> </span>E<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>osur<span class=\"_ _0\"></span>e to <span class=\"_ _1\"></span>los<span class=\"_ _0\"></span>s if anothe<span class=\"_ _0\"></span>r par<span class=\"_ _3\"></span>ty fails to per<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rm its f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al obli<span class=\"_ _0\"></span>gatio<span class=\"_ _0\"></span>ns to the Group o<span class=\"_ _0\"></span>r suf<span class=\"_ _0\"></span>fers a ratin<span class=\"_ _0\"></span>g downg<span class=\"_ _0\"></span>rad<span class=\"_ _0\"></span>e.<span class=\"_ _3b2\"> </span>Credit r<span class=\"_ _0\"></span>isk<span class=\"_ _3b2\"> </span><table class=\"s w1c3 h14a\" id=\"_22658d90-8b5c-4267-ad2d-9b0b063d67a3\"><tr><td class=\"c n x1cb y4278 w1bb h12b\"><div class=\"t m2 x1ca h13 y40ef ff5 fs9 fc1 sc0 ls115 ws121\">Principal risks<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5ec y4278 w1bc h12b\"><div class=\"t m2 x1ca h13 y40ef ff5 fs9 fc1 sc0 ls14a ws164\">Segment<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5ed y4278 w1bd h12b\"><div class=\"t m2 x1ca h13 y40ef ff5 fs9 fc1 sc0 ls115 ws121\">Controls to<span class=\"_ _1\"></span> mitigate risks<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 hb y4279 ff5 fs6 fc1 sc0 ls56 ws0\">Bo<span class=\"_ _0\"></span>nd d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>fa<span class=\"_ _0\"></span>ul<span class=\"_ _0\"></span>t an<span class=\"_ _0\"></span>d r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g do<span class=\"_ _0\"></span>wn<span class=\"_ _0\"></span>gr<span class=\"_ _0\"></span>ad<span class=\"_ _0\"></span>e ri<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>k<span class=\"_ _3b2\"> </span></td><td></td><td></td></tr><tr><td class=\"t m2 x206 h1a y427a ff3 fs6 fc1 sc0 ls56 ws0\">A sig<span class=\"_ _0\"></span>nif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>foli<span class=\"_ _0\"></span>o of co<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>rate b<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ds an<span class=\"_ _0\"></span>d co<span class=\"_ _0\"></span>mm<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>l </td><td class=\"t m2 x5ee h1a y427b ff3 fs6 fc1 sc0 ls112 ws1e\">Institu<span class=\"_ _0\"></span>tional Reti<span class=\"_ _0\"></span>remen<span class=\"_ _0\"></span>t </td><td class=\"t m2 x5ef hc y427b ff4 fs6 fc1 sc0 ls56 ws55\">Por<span class=\"_ _3\"></span>tfo<span class=\"_ _0\"></span>lio le<span class=\"_ _0\"></span>vel and sp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ic iss<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span>r limi<span class=\"_ _0\"></span>ts are set by fin<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>l stre<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>th rati<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>, </td></tr><tr><td class=\"t m2 x206 h1a y427c ff3 fs6 fc1 sc0 ls56 ws0\">loa<span class=\"_ _0\"></span>ns ar<span class=\"_ _0\"></span>e he<span class=\"_ _0\"></span>ld to ba<span class=\"_ _0\"></span>ck th<span class=\"_ _0\"></span>e lia<span class=\"_ _0\"></span>bil<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>ris<span class=\"_ _0\"></span>ing f<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>m wri<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g </td><td class=\"t m2 x5ee h1a y427d ff3 fs6 fc1 sc0 ls56 ws0\">and R<span class=\"_ _0\"></span>eta<span class=\"_ _0\"></span>il<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x5ef hc y427d ff4 fs6 fc1 sc0 ls56 ws55\">se<span class=\"_ _0\"></span>ctor an<span class=\"_ _0\"></span>d geo<span class=\"_ _0\"></span>gr<span class=\"_ _0\"></span>ap<span class=\"_ _0\"></span>hic reg<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n to <span class=\"_ _1\"></span>lim<span class=\"_ _0\"></span>it exp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ure to a <span class=\"_ _1\"></span>defa<span class=\"_ _0\"></span>ul<span class=\"_ _0\"></span>t event<span class=\"_ _0\"></span>. Issu<span class=\"_ _0\"></span>er lim<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>s </td></tr><tr><td class=\"t m2 x206 hc y427e ff4 fs6 fc1 sc0 ls56 ws55\">ins<span class=\"_ _0\"></span>ura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e and ann<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s busin<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>s. Wh<span class=\"_ _0\"></span>ils<span class=\"_ _0\"></span>t the po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>foli<span class=\"_ _0\"></span>o is </td><td></td><td class=\"t m2 x5ef hc y427f ff4 fs6 fc1 sc0 ls56 ws55\">are reg<span class=\"_ _0\"></span>ula<span class=\"_ _0\"></span>rl<span class=\"_ _0\"></span>y revie<span class=\"_ _0\"></span>wed to take acc<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nt of chang<span class=\"_ _0\"></span>es in mar<span class=\"_ _0\"></span>ket co<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>s, se<span class=\"_ _0\"></span>cto<span class=\"_ _0\"></span>r </td></tr><tr><td class=\"t m2 x206 hc y4280 ff4 fs6 fc1 sc0 ls56 ws55\">dive<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d, th<span class=\"_ _0\"></span>e asse<span class=\"_ _0\"></span>t class is inh<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ly exp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ed to the risk<span class=\"_ _0\"></span> </td><td></td><td class=\"t m2 x5ef h1a y4281 ff3 fs6 fc1 sc0 ls56 ws0\">pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e and t<span class=\"_ _0\"></span>he re<span class=\"_ _3\"></span>-<span class=\"_ _0\"></span>ass<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt of f<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>l stre<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>th by r<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ng ag<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span> </td></tr><tr><td class=\"t m2 x206 hc y4282 ff4 fs6 fc1 sc0 ls56 ws55\">of issu<span class=\"_ _0\"></span>er defa<span class=\"_ _0\"></span>ult an<span class=\"_ _0\"></span>d ratin<span class=\"_ _0\"></span>g down<span class=\"_ _0\"></span>gra<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>, with th<span class=\"_ _0\"></span>e poss<span class=\"_ _0\"></span>ibi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> </td><td></td><td class=\"t m2 x5ef hc y4283 ff4 fs6 fc1 sc0 ls56 ws55\">and th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p\u2019s own intern<span class=\"_ _0\"></span>al ana<span class=\"_ _0\"></span>lys<span class=\"_ _0\"></span>is. E<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>s are mon<span class=\"_ _0\"></span>itor<span class=\"_ _0\"></span>ed rel<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ve to </td></tr><tr><td class=\"t m2 x206 hc y4284 ff4 fs6 fc1 sc0 ls56 ws55\">of fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial lo<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m2 x5ef hc y4285 ff4 fs6 fc1 sc0 ls56 ws55\">lim<span class=\"_ _0\"></span>its<span class=\"_ _0\"></span>. Fin<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>l instr<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts are also us<span class=\"_ _0\"></span>ed to mitig<span class=\"_ _0\"></span>ate the imp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t of rating<span class=\"_ _0\"></span> </td></tr><tr><td></td><td></td><td class=\"t m2 x5ef hc y4286 ff4 fs6 fc1 sc0 ls56 ws55\">down<span class=\"_ _0\"></span>gr<span class=\"_ _0\"></span>ade<span class=\"_ _0\"></span>s and defa<span class=\"_ _0\"></span>ul<span class=\"_ _0\"></span>ts. If app<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>iate, ac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns are take<span class=\"_ _0\"></span>n to <span class=\"_ _1\"></span>tra<span class=\"_ _0\"></span>de ou<span class=\"_ _0\"></span>t </td></tr><tr><td></td><td></td><td class=\"t m2 x5ef hc y4287 ff4 fs6 fc1 sc0 ls56 ws55\">inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts at risk of defaul<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 hb y4288 ff5 fs6 fc1 sc0 ls12e wsca\">Reinsurance counterparty risk<span class=\"_ _3b2\"> </span></td><td></td><td></td></tr><tr><td class=\"t m2 x206 h1a y4289 ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>osu<span class=\"_ _0\"></span>re to in<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce r<span class=\"_ _0\"></span>isk i<span class=\"_ _0\"></span>s mit<span class=\"_ _0\"></span>iga<span class=\"_ _0\"></span>ted by c<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>ing p<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>t of<span class=\"_ _0\"></span> </td><td class=\"t m2 x5ee h1a y428a ff3 fs6 fc1 sc0 ls112 ws1e\">Institu<span class=\"_ _0\"></span>tional Reti<span class=\"_ _0\"></span>remen<span class=\"_ _0\"></span>t </td><td class=\"t m2 x5ef hc y428a ff4 fs6 fc1 sc0 ls56 ws55\">Wh<span class=\"_ _0\"></span>en se<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ng new rei<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e par<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>rs for its bu<span class=\"_ _0\"></span>sin<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>, the Gr<span class=\"_ _0\"></span>oup co<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span> </td></tr><tr><td class=\"t m2 x206 hc y428b ff4 fs6 fc1 sc0 ls56 ws55\">the<span class=\"_ gs5e1\"> </span>r<span class=\"_ _0\"></span>isk<span class=\"_ _0\"></span>s assu<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>d to <span class=\"_ _1\"></span>the re<span class=\"_ _0\"></span>ins<span class=\"_ _0\"></span>ura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e mar<span class=\"_ _0\"></span>ket. D<span class=\"_ _0\"></span>efaul<span class=\"_ _0\"></span>t of </td><td class=\"t m2 x5ee h1a y428c ff3 fs6 fc1 sc0 ls56 ws0\">and R<span class=\"_ _0\"></span>eta<span class=\"_ _0\"></span>il<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x5ef h1a y428c ff3 fs6 fc1 sc0 ls56 ws0\">onl<span class=\"_ _0\"></span>y co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ies w<span class=\"_ _0\"></span>hic<span class=\"_ _0\"></span>h have a m<span class=\"_ _0\"></span>ini<span class=\"_ _0\"></span>mu<span class=\"_ _0\"></span>m cre<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t rat<span class=\"_ _0\"></span>ing e<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>iva<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>nt to A- u<span class=\"_ _0\"></span>nl<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span> </td></tr><tr><td class=\"t m2 x206 hc y428d ff4 fs6 fc1 sc0 ls56 ws55\">a<span class=\"_ gs5e1\"> </span>rei<span class=\"_ _0\"></span>nsu<span class=\"_ _0\"></span>rer wou<span class=\"_ _0\"></span>ld req<span class=\"_ _0\"></span>uire th<span class=\"_ _0\"></span>e busi<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>ss to be re-<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>kere<span class=\"_ _0\"></span>d </td><td></td><td class=\"t m2 x5ef hc y428e ff4 fs6 fc1 sc0 ls56 ws55\">co<span class=\"_ _0\"></span>llate<span class=\"_ _0\"></span>ral<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d. Fo<span class=\"_ _0\"></span>r each re<span class=\"_ _0\"></span>ins<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>r, <span class=\"_ _1\"></span>exp<span class=\"_ _0\"></span>osu<span class=\"_ _0\"></span>re lim<span class=\"_ _0\"></span>its are de<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ed bas<span class=\"_ _0\"></span>ed on<span class=\"_ _0\"></span> </td></tr><tr><td class=\"t m2 x206 hc y428f ff4 fs6 fc1 sc0 ls56 ws55\">pote<span class=\"_ _0\"></span>ntia<span class=\"_ _0\"></span>lly on le<span class=\"_ _0\"></span>ss adv<span class=\"_ _0\"></span>ant<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>us term<span class=\"_ _0\"></span>s, or for th<span class=\"_ _0\"></span>e risks<span class=\"_ _0\"></span> </td><td></td><td class=\"t m2 x5ef hc y4290 ff4 fs6 fc1 sc0 ls56 ws55\">cre<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t ratin<span class=\"_ _0\"></span>gs and pro<span class=\"_ _0\"></span>je<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d expo<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>re over the ter<span class=\"_ _0\"></span>m of the treat<span class=\"_ _0\"></span>y. Actua<span class=\"_ _0\"></span>l </td></tr><tr><td class=\"t m2 x206 hc y4291 ff4 fs6 fc1 sc0 ls56 ws55\">to<span class=\"_ gs5e1\"> </span>be bor<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>e dire<span class=\"_ _0\"></span>ctl<span class=\"_ _0\"></span>y resul<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng in pos<span class=\"_ _0\"></span>sib<span class=\"_ _0\"></span>le fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>al los<span class=\"_ _0\"></span>s.<span class=\"_ _0\"></span> </td><td></td><td class=\"t m2 x5ef hc y4292 ff4 fs6 fc1 sc0 ls56 ws55\">exp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ures are re<span class=\"_ _0\"></span>gul<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ly mo<span class=\"_ _0\"></span>nito<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d relati<span class=\"_ _0\"></span>ve to these lim<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>s. Si<span class=\"_ _0\"></span>mil<span class=\"_ _0\"></span>arl<span class=\"_ _0\"></span>y, for long<span class=\"_ _0\"></span>evi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y </td></tr><tr><td class=\"t m2 x206 hc y4293 ff4 fs6 fc1 sc0 ls56 ws55\">Th<span class=\"_ _0\"></span>e<span class=\"_ gs5e1\"> </span>Gro<span class=\"_ _0\"></span>up is req<span class=\"_ _0\"></span>uire<span class=\"_ _0\"></span>d to carr<span class=\"_ _3\"></span>y an elem<span class=\"_ _0\"></span>ent of asso<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>ated<span class=\"_ _0\"></span> </td><td></td><td class=\"t m2 x5ef hc y4294 ff4 fs6 fc1 sc0 ls56 ws55\">and cr<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>t ris<span class=\"_ _0\"></span>k synd<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n tra<span class=\"_ _0\"></span>nsa<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>s, th<span class=\"_ _0\"></span>e<span class=\"_ gs5e1\"> </span>Gro<span class=\"_ _0\"></span>up tar<span class=\"_ _0\"></span>get<span class=\"_ _0\"></span>s the use of stro<span class=\"_ _0\"></span>ngl<span class=\"_ _0\"></span>y </td></tr><tr><td class=\"t m2 x206 h1a y4295 ff3 fs6 fc1 sc0 ls56 ws0\">cre<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t ris<span class=\"_ _0\"></span>k ca<span class=\"_ _0\"></span>pi<span class=\"_ _0\"></span>tal o<span class=\"_ _0\"></span>n it<span class=\"_ _0\"></span>s bal<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e sh<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t sh<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>ld th<span class=\"_ _0\"></span>e bu<span class=\"_ _0\"></span>sin<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span> </td><td></td><td class=\"t m2 x5ef hc y4296 ff4 fs6 fc1 sc0 ls56 ws55\">rate<span class=\"_ _0\"></span>d coun<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>par<span class=\"_ _3\"></span>tie<span class=\"_ _0\"></span>s and see<span class=\"_ _0\"></span>ks to<span class=\"_ gs5e1\"> </span>ens<span class=\"_ _0\"></span>ure tha<span class=\"_ _0\"></span>t posi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns are ful<span class=\"_ _0\"></span>ly co<span class=\"_ _0\"></span>llate<span class=\"_ _0\"></span>ral<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d.<span class=\"_ _0\"></span> </td></tr><tr><td class=\"t m2 x206 hc y4297 ff4 fs6 fc1 sc0 ls56 ws55\">not be re<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>kere<span class=\"_ _0\"></span>d on the sam<span class=\"_ _0\"></span>e terms<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m2 x5ef hc y4298 ff4 fs6 fc1 sc0 ls56 ws55\">Th<span class=\"_ _0\"></span>e ade<span class=\"_ _0\"></span>qua<span class=\"_ _0\"></span>cy and qu<span class=\"_ _0\"></span>ali<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ gs5e1\"> </span>of<span class=\"_ gs5e1\"> </span>co<span class=\"_ _0\"></span>lla<span class=\"_ _0\"></span>tera<span class=\"_ _0\"></span>l is subje<span class=\"_ _0\"></span>ct to ongo<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g moni<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g.<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 hb y4299 ff5 fs6 fc1 sc0 ls11c ws25\">Property lending counterparty risk<span class=\"_ _3b2\"> </span></td><td></td><td></td></tr><tr><td class=\"t m2 x206 hc y429a ff4 fs6 fc1 sc0 ls56 ws55\">As par<span class=\"_ _3\"></span>t of <span class=\"_ _1\"></span>ou<span class=\"_ _0\"></span>r asset di<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>sif<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>cat<span class=\"_ _0\"></span>ion st<span class=\"_ _0\"></span>rate<span class=\"_ _0\"></span>gy, we hold<span class=\"_ _0\"></span> </td><td class=\"t m2 x5ee hc y429b ff4 fs6 fc1 sc0 ls113 ws11f\">Asset <span class=\"_ _1\"></span>Management, </td><td class=\"t m2 x5ef h1a y429c ff3 fs6 fc1 sc0 ls56 ws0\">Ea<span class=\"_ _0\"></span>ch p<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ty l<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>ng an<span class=\"_ _0\"></span>d sal<span class=\"_ _0\"></span>e an<span class=\"_ _0\"></span>d le<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>ba<span class=\"_ _0\"></span>ck inv<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt tr<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>sac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n is s<span class=\"_ _0\"></span>ubj<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t </td></tr><tr><td class=\"t m2 x206 hc y429d ff4 fs6 fc1 sc0 ls56 ws55\">pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y le<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>ng and sa<span class=\"_ _0\"></span>le and le<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>ba<span class=\"_ _0\"></span>ck inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts.<span class=\"_ _0\"></span> </td><td class=\"t m2 x5ee h1a y429e ff3 fs6 fc1 sc0 ls112 ws1e\">Institu<span class=\"_ _0\"></span>tional Reti<span class=\"_ _0\"></span>remen<span class=\"_ _0\"></span>t </td><td class=\"t m2 x5ef h1a y429f ff3 fs6 fc1 sc0 ls56 ws0\">to a due d<span class=\"_ _0\"></span>ilig<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ce p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ss to as<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>e cre<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t ris<span class=\"_ _0\"></span>ks im<span class=\"_ _0\"></span>pl<span class=\"_ _0\"></span>ici<span class=\"_ _0\"></span>t in t<span class=\"_ _0\"></span>he tr<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n </td></tr><tr><td class=\"t m2 x206 hc y42a0 ff4 fs6 fc1 sc0 ls56 ws55\">We<span class=\"_ gs5e1\"> </span>are inh<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>ntl<span class=\"_ _0\"></span>y exp<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>d to the risk of defaul<span class=\"_ _0\"></span>t by a </td><td class=\"t m2 x5ee h1a y42a1 ff3 fs6 fc1 sc0 ls56 ws0\">and R<span class=\"_ _0\"></span>eta<span class=\"_ _0\"></span>il<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x5ef hc y42a2 ff4 fs6 fc1 sc0 ls56 ws55\">and co<span class=\"_ _0\"></span>nf<span class=\"_ _0\"></span>ir<span class=\"_ _0\"></span>m that any ris<span class=\"_ _0\"></span>k of <span class=\"_ _1\"></span>defa<span class=\"_ _0\"></span>ul<span class=\"_ _0\"></span>t has bee<span class=\"_ _0\"></span>n app<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>atel<span class=\"_ _0\"></span>y miti<span class=\"_ _0\"></span>gate<span class=\"_ _0\"></span>d. We also </td></tr><tr><td class=\"t m2 x206 hc y42a3 ff4 fs6 fc1 sc0 ls56 ws55\">bo<span class=\"_ _0\"></span>rro<span class=\"_ _0\"></span>wer or tena<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m2 x5ef h1a y42a4 ff3 fs6 fc1 sc0 ls56 ws0\">prote<span class=\"_ _0\"></span>ct o<span class=\"_ _0\"></span>ur i<span class=\"_ _0\"></span>ntere<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s by tak<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g se<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y over t<span class=\"_ _0\"></span>he u<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>lyi<span class=\"_ _0\"></span>ng p<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y as<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>ciate<span class=\"_ _0\"></span>d </td></tr><tr><td></td><td></td><td class=\"t m2 x5ef hc y42a5 ff4 fs6 fc1 sc0 ls56 ws55\">wit<span class=\"_ _0\"></span>h each inve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt tra<span class=\"_ _0\"></span>nsa<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 hb y42a6 ff5 fs6 fc1 sc0 ls11c ws25\">Banking counterparty risk<span class=\"_ _3b2\"> </span></td><td></td><td></td></tr><tr><td class=\"t m2 x206 h1a y42a7 ff3 fs6 fc1 sc0 ls56 ws0\">Th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up i<span class=\"_ _0\"></span>s exp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ed to p<span class=\"_ _0\"></span>otent<span class=\"_ _0\"></span>ial f<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial l<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>s sh<span class=\"_ _0\"></span>oul<span class=\"_ _0\"></span>d </td><td class=\"t m2 x5ee hc y42a8 ff4 fs6 fc1 sc0 ls56 ws55\">Gro<span class=\"_ _0\"></span>up, As<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t </td><td class=\"t m2 x5ef h1a y42a9 ff3 fs6 fc1 sc0 ls56 ws0\">Th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tro<span class=\"_ _0\"></span>ls it<span class=\"_ _0\"></span>s exp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>s to ban<span class=\"_ _0\"></span>ki<span class=\"_ _0\"></span>ng c<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nter<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es an<span class=\"_ _0\"></span>d the i<span class=\"_ _0\"></span>ssu<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> </td></tr><tr><td class=\"t m2 x206 h1a y42aa ff3 fs6 fc1 sc0 ls56 ws0\">ban<span class=\"_ _0\"></span>ks or t<span class=\"_ _0\"></span>he is<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s of f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ial in<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts d<span class=\"_ _0\"></span>efau<span class=\"_ _0\"></span>lt<span class=\"_ _0\"></span> </td><td class=\"t m2 x5ee hc y42ab ff4 fs6 fc1 sc0 ls113 ws11f\">Management, </td><td class=\"t m2 x5ef hc y42ac ff4 fs6 fc1 sc0 ls56 ws55\">of<span class=\"_ gs5e1\"> </span>fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>al ins<span class=\"_ _0\"></span>tru<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts us<span class=\"_ _0\"></span>ing a fra<span class=\"_ _0\"></span>mewo<span class=\"_ _0\"></span>rk of cou<span class=\"_ _0\"></span>nte<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y lim<span class=\"_ _0\"></span>its<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>ese lim<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>s </td></tr><tr><td class=\"t m2 x206 hc y42ad ff4 fs6 fc1 sc0 ls56 ws55\">on<span class=\"_ gs5e1\"> </span>th<span class=\"_ _0\"></span>ei<span class=\"_ _0\"></span>r obli<span class=\"_ _0\"></span>gati<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>s to <span class=\"_ _1\"></span>us<span class=\"_ _0\"></span>. We <span class=\"_ _1\"></span>are also ex<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>sed<span class=\"_ _0\"></span> </td><td class=\"t m2 x5ee h1a y42ae ff3 fs6 fc1 sc0 ls112 ws1e\">Institu<span class=\"_ _0\"></span>tional Reti<span class=\"_ _0\"></span>remen<span class=\"_ _0\"></span>t </td><td class=\"t m2 x5ef h1a y42af ff3 fs6 fc1 sc0 ls56 ws0\">take ac<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nt of th<span class=\"_ _0\"></span>e rel<span class=\"_ _0\"></span>ativ<span class=\"_ _0\"></span>e fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>al st<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>gt<span class=\"_ _0\"></span>h of th<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>unte<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y a<span class=\"_ _0\"></span>s well a<span class=\"_ _0\"></span>s </td></tr><tr><td class=\"t m2 x206 hc y42b0 ff4 fs6 fc1 sc0 ls56 ws55\">to<span class=\"_ gs5e1\"> </span>cou<span class=\"_ _0\"></span>nter<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y ris<span class=\"_ _0\"></span>ks in resp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t of the provi<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span> </td><td class=\"t m2 x5ee h1a y42b1 ff3 fs6 fc1 sc0 ls56 ws0\">and R<span class=\"_ _0\"></span>eta<span class=\"_ _0\"></span>il<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x5ef hc y42b2 ff4 fs6 fc1 sc0 ls56 ws55\">othe<span class=\"_ _0\"></span>r ban<span class=\"_ _0\"></span>k cou<span class=\"_ _0\"></span>nter<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y exp<span class=\"_ _0\"></span>osu<span class=\"_ _0\"></span>res tha<span class=\"_ _0\"></span>t the Grou<span class=\"_ _0\"></span>p<span class=\"_ gs5e1\"> </span>may have<span class=\"_ _0\"></span>. Lim<span class=\"_ _0\"></span>its are su<span class=\"_ _0\"></span>bje<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span> </td></tr><tr><td class=\"t m2 x206 hc y42b3 ff4 fs6 fc1 sc0 ls56 ws55\">of<span class=\"_ gs5e1\"> </span>set<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ gs5e1\"> </span>an<span class=\"_ _0\"></span>d custo<span class=\"_ _0\"></span>dy se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>s.<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m2 x5ef hc y42b4 ff4 fs6 fc1 sc0 ls56 ws55\">to regul<span class=\"_ _0\"></span>ar revi<span class=\"_ _0\"></span>ew wit<span class=\"_ _0\"></span>h actu<span class=\"_ _0\"></span>al exp<span class=\"_ _0\"></span>osu<span class=\"_ _0\"></span>res mo<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>tore<span class=\"_ _0\"></span>d agai<span class=\"_ _0\"></span>nst lim<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>s. Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p </td></tr><tr><td></td><td></td><td class=\"t m2 x5ef hc y42b5 ff4 fs6 fc1 sc0 ls56 ws55\">has<span class=\"_ gs5e1\"> </span>d<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d cri<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>ia for<span class=\"_ gs5e1\"> </span>th<span class=\"_ _0\"></span>e<span class=\"_ gs5e1\"> </span>se<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n of <span class=\"_ _1\"></span>cus<span class=\"_ _0\"></span>tod<span class=\"_ _0\"></span>y and set<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt ser<span class=\"_ _3\"></span>vic<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>. </td></tr><tr><td></td><td></td><td class=\"t m2 x5ef hc y42b6 ff4 fs6 fc1 sc0 ls56 ws55\">Th<span class=\"_ _0\"></span>e<span class=\"_ gs5e1\"> </span>f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ial str<span class=\"_ _0\"></span>eng<span class=\"_ _0\"></span>th of prov<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>rs is reg<span class=\"_ _0\"></span>ula<span class=\"_ _0\"></span>rl<span class=\"_ _0\"></span>y revie<span class=\"_ _0\"></span>wed<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></td></tr></table><div class=\"t m2 he ff1 fs8 fc2 sc0 ls154 ws16d gs70d\">17<span class=\"_ _4\"></span><span class=\"ls26 ws93\">. <span class=\"_ _27\"> </span>Cred<span class=\"_ _0\"></span>it r<span class=\"_ _0\"></span>isk<span class=\"_ _3b2\"> </span></span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs70e\">Th<span class=\"_ _0\"></span>e Group\u2019s exp<span class=\"_ _0\"></span>osur<span class=\"_ _0\"></span>e to <span class=\"_ _1\"></span>cre<span class=\"_ _0\"></span>dit ri<span class=\"_ _0\"></span>sk aris<span class=\"_ _0\"></span>es from i<span class=\"_ _0\"></span>ts offer<span class=\"_ _0\"></span>ing of insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce and inve<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent pro<span class=\"_ _0\"></span>du<span class=\"_ _0\"></span>cts<span class=\"_ _0\"></span>. The inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nts of share<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>lde<span class=\"_ _0\"></span>rs\u2019, </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs70f\">pol<span class=\"_ _0\"></span>icy<span class=\"_ _0\"></span>hol<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>rs\u2019<span class=\"_ gsec\"> </span>an<span class=\"_ _0\"></span>d segr<span class=\"_ _0\"></span>egate<span class=\"_ _0\"></span>d clien<span class=\"_ _0\"></span>ts\u2019 mo<span class=\"_ _0\"></span>nies re<span class=\"_ _0\"></span>quire c<span class=\"_ _0\"></span>redi<span class=\"_ _0\"></span>t risks to be taken<span class=\"_ _0\"></span>, as well as the hed<span class=\"_ _0\"></span>ging of insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce (in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>g reinsu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce) </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs710\">and<span class=\"_ gsec\"> </span>oth<span class=\"_ _0\"></span>er<span class=\"_ gsec\"> </span>f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al risks<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs711\">Ove<span class=\"_ _0\"></span>rsig<span class=\"_ _0\"></span>ht of credi<span class=\"_ _0\"></span>t risk ma<span class=\"_ _0\"></span>nage<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt has be<span class=\"_ _0\"></span>en de<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>gated by the Bo<span class=\"_ _0\"></span>ard to the Grou<span class=\"_ _0\"></span>p Risk Fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>ial Risk C<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>mit<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>e (GRFR<span class=\"_ _0\"></span>C), the remit of whic<span class=\"_ _0\"></span>h </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs712\">inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>es prop<span class=\"_ _0\"></span>osi<span class=\"_ _0\"></span>ng the Gro<span class=\"_ _0\"></span>up\u2019s appe<span class=\"_ _0\"></span>tite for cred<span class=\"_ _0\"></span>it ris<span class=\"_ _0\"></span>k in aggre<span class=\"_ _0\"></span>gate, and by issu<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s, se<span class=\"_ _0\"></span>ctor<span class=\"_ _0\"></span>s, an<span class=\"_ _0\"></span>d geo<span class=\"_ _0\"></span>gr<span class=\"_ _0\"></span>aphy, and moni<span class=\"_ _0\"></span>torin<span class=\"_ _0\"></span>g actu<span class=\"_ _0\"></span>al exp<span class=\"_ _0\"></span>osure<span class=\"_ _0\"></span>s </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs713\">relati<span class=\"_ _0\"></span>ve to appeti<span class=\"_ _0\"></span>te. The G<span class=\"_ _0\"></span>RF<span class=\"_ _0\"></span>RC also co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s cred<span class=\"_ _0\"></span>it risk im<span class=\"_ _0\"></span>pli<span class=\"_ _0\"></span>cit in new as<span class=\"_ _0\"></span>set cla<span class=\"_ _0\"></span>sses an<span class=\"_ _0\"></span>d cor<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>rate tran<span class=\"_ _0\"></span>sac<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s, an<span class=\"_ _0\"></span>d advis<span class=\"_ _0\"></span>es on app<span class=\"_ _0\"></span>ropr<span class=\"_ _0\"></span>iate </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs714\">cou<span class=\"_ _0\"></span>nter<span class=\"_ _0\"></span>par<span class=\"_ _3\"></span>ty ris<span class=\"_ _0\"></span>k tolera<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>es. T<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up co<span class=\"_ _0\"></span>ntrol<span class=\"_ _0\"></span>s its exp<span class=\"_ _0\"></span>osure to cou<span class=\"_ _0\"></span>nterp<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y c<span class=\"_ _0\"></span>redi<span class=\"_ _0\"></span>t risk thro<span class=\"_ _0\"></span>ug<span class=\"_ _0\"></span>h defi<span class=\"_ _0\"></span>ning th<span class=\"_ _0\"></span>e minim<span class=\"_ _0\"></span>um f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial s<span class=\"_ _0\"></span>tren<span class=\"_ _0\"></span>gth of the </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs715\">cou<span class=\"_ _0\"></span>nter<span class=\"_ _0\"></span>par<span class=\"_ _3\"></span>ties with whi<span class=\"_ _0\"></span>ch it will d<span class=\"_ _0\"></span>eal and se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ting exp<span class=\"_ _0\"></span>osu<span class=\"_ _0\"></span>re toler<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>es for the<span class=\"_ _0\"></span>se cou<span class=\"_ _0\"></span>nterp<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>, whic<span class=\"_ _0\"></span>h are moni<span class=\"_ _0\"></span>tored an<span class=\"_ _0\"></span>d reviewe<span class=\"_ _0\"></span>d by ope<span class=\"_ _0\"></span>ratio<span class=\"_ _0\"></span>nal </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs716\">mana<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t on a counte<span class=\"_ _0\"></span>rpa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>by<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>terp<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y basi<span class=\"_ _0\"></span>s.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs717\">Th<span class=\"_ _0\"></span>e credi<span class=\"_ _0\"></span>t prof<span class=\"_ _0\"></span>ile of the Gro<span class=\"_ _0\"></span>up\u2019s assets exp<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>d to credi<span class=\"_ _0\"></span>t risk is shown b<span class=\"_ _0\"></span>elow. This in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>es bot<span class=\"_ _0\"></span>h ex<span class=\"_ _0\"></span>terna<span class=\"_ _0\"></span>lly and inte<span class=\"_ _0\"></span>rnal<span class=\"_ _0\"></span>ly rated po<span class=\"_ _0\"></span>siti<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>. Uni<span class=\"_ _0\"></span>t </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs718\">linked as<span class=\"_ _0\"></span>sets have not be<span class=\"_ _0\"></span>en in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d as shareh<span class=\"_ _0\"></span>old<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s are not dire<span class=\"_ _0\"></span>ctly ex<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>ed to the asso<span class=\"_ _0\"></span>ciate<span class=\"_ _0\"></span>d credi<span class=\"_ _0\"></span>t risk<span class=\"_ _0\"></span>. Ad<span class=\"_ _0\"></span>diti<span class=\"_ _0\"></span>onal<span class=\"_ _0\"></span>ly, assets suc<span class=\"_ _0\"></span>h as equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs719\">sec<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>itie<span class=\"_ _0\"></span>s, defe<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d acqu<span class=\"_ _0\"></span>isiti<span class=\"_ _0\"></span>on co<span class=\"_ _0\"></span>sts and ta<span class=\"_ _0\"></span>x have no expo<span class=\"_ _0\"></span>sure to the asso<span class=\"_ _0\"></span>ciate<span class=\"_ _0\"></span>d credi<span class=\"_ _0\"></span>t risk an<span class=\"_ _0\"></span>d there<span class=\"_ _0\"></span>fore have also be<span class=\"_ _0\"></span>en exclu<span class=\"_ _0\"></span>ded<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs71a\">For ex<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>nall<span class=\"_ _0\"></span>y rated asse<span class=\"_ _0\"></span>ts, th<span class=\"_ _0\"></span>e cred<span class=\"_ _0\"></span>it ratin<span class=\"_ _0\"></span>g band<span class=\"_ _0\"></span>s are provid<span class=\"_ _0\"></span>ed by inde<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>ent rati<span class=\"_ _0\"></span>ng age<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>. Unrate<span class=\"_ _0\"></span>d trade<span class=\"_ _0\"></span>d inst<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts are assig<span class=\"_ _0\"></span>ned a rati<span class=\"_ _0\"></span>ng </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs71b\">thro<span class=\"_ _0\"></span>ugh a po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>folio revi<span class=\"_ _0\"></span>ew pro<span class=\"_ _0\"></span>ces<span class=\"_ _0\"></span>s or throu<span class=\"_ _0\"></span>gh a co<span class=\"_ _0\"></span>mmi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tee, de<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>ng on co<span class=\"_ _0\"></span>mpl<span class=\"_ _0\"></span>exi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y. <span class=\"_ _1\"></span>Ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tai<span class=\"_ _0\"></span>n assets re<span class=\"_ _0\"></span>quir<span class=\"_ _0\"></span>e an interna<span class=\"_ _0\"></span>l rating eve<span class=\"_ _0\"></span>n when an<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs71c\">ex<span class=\"_ _0\"></span>tern<span class=\"_ _0\"></span>al ratin<span class=\"_ _0\"></span>g is already avail<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e, if thes<span class=\"_ _0\"></span>e con<span class=\"_ _0\"></span>stit<span class=\"_ _0\"></span>ute materi<span class=\"_ _0\"></span>al trad<span class=\"_ _0\"></span>ed exp<span class=\"_ _0\"></span>osu<span class=\"_ _0\"></span>res or are co<span class=\"_ _0\"></span>mpl<span class=\"_ _0\"></span>ex sec<span class=\"_ _0\"></span>uri<span class=\"_ _0\"></span>tisa<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s or direc<span class=\"_ _0\"></span>t invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts. In th<span class=\"_ _0\"></span>ese </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs71d\">case<span class=\"_ _0\"></span>s, inte<span class=\"_ _0\"></span>rnal ra<span class=\"_ _0\"></span>tings are as<span class=\"_ _0\"></span>sign<span class=\"_ _0\"></span>ed by eit<span class=\"_ _0\"></span>her th<span class=\"_ _0\"></span>e Ass<span class=\"_ _0\"></span>et Mana<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t Dire<span class=\"_ _0\"></span>ct Invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt ratin<span class=\"_ _0\"></span>g team or the asse<span class=\"_ _0\"></span>t manag<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent f<span class=\"_ _0\"></span>ir<span class=\"_ _0\"></span>m that ori<span class=\"_ _0\"></span>ginate<span class=\"_ _0\"></span>d </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls91 ws57 gs71e\">the transaction<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs71f\">Th<span class=\"_ _0\"></span>e car<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 the f<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial ass<span class=\"_ _0\"></span>ets re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>rde<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>ial s<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nts re<span class=\"_ _0\"></span>pres<span class=\"_ _0\"></span>ents t<span class=\"_ _0\"></span>he ma<span class=\"_ _0\"></span>xim<span class=\"_ _0\"></span>um ex<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>ure to cre<span class=\"_ _0\"></span>dit r<span class=\"_ _0\"></span>isk b<span class=\"_ _0\"></span>efore </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs720\">tak<span class=\"_ _0\"></span>ing<span class=\"_ gsec\"> </span>ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>unt of col<span class=\"_ _0\"></span>lateral he<span class=\"_ _0\"></span>ld<span class=\"_ _0\"></span>. Coll<span class=\"_ _0\"></span>ateral is he<span class=\"_ _0\"></span>ld to mitigate cre<span class=\"_ _0\"></span>dit ris<span class=\"_ _0\"></span>k expo<span class=\"_ _0\"></span>sure<span class=\"_ _0\"></span>s, by vir<span class=\"_ _3\"></span>tue of transa<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ons in lo<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ated der<span class=\"_ _0\"></span>ivati<span class=\"_ _0\"></span>ves and<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs721\">stoc<span class=\"_ _0\"></span>k<span class=\"_ gsec\"> </span>len<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>g activ<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>es.<span class=\"_ _3b2\"> </span><span class=\"_ _0\"></span> </div>Sha<span class=\"_ _0\"></span>reholder<span class=\"_ _3b2\"> </span><table class=\"s w154 h167\" id=\"_ce0aaef1-04c1-4e5a-8156-312c7dd80265\"><tr><td></td><td></td><td class=\"t m0 x6c1 h13 y43af ff5 fs9 fc1 sc0 ls197 ws1c2\">AAA<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x95c h13 y43af ff5 fs9 fc1 sc0 ls197 ws1c2\">AA<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x95d h13 y43af ff5 fs9 fc1 sc0 ls1 ws0\">A<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x31f h13 y43af ff5 fs9 fc1 sc0 ls39 ws178\">BBB<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x95e h13 y43af ff5 fs9 fc1 sc0 ls18 ws0\">BB a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d be<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>w<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x280 h13 y43af ff5 fs9 fc1 sc0 ls38 ws3a\">Other<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c7 h13 y43af ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y43b0 w27c h12b\"><div class=\"t m0 x1ca hf y415b ff5 fs9 fc1 sc0 ls18 ws0\">As a<span class=\"_ _0\"></span>t 31 De<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>4<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x95f y43b1 w27d h11e\"><div class=\"t m0 x1ca hf y415d ff3 fs9 fc1 sc0 lsee wsf5\">N<span class=\"_ _0\"></span>ote<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"t m0 x321 h13 y43b2 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x464 h13 y43b2 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x432 h13 y43b2 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x465 h13 y43b2 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x466 h13 y43b2 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x467 h13 y43b2 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 h13 y43b2 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y4323 w27e h116\"><div class=\"t m0 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls1 ws23\">Governme<span class=\"_ _1\"></span>nt securit<span class=\"_ _1\"></span>ies<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x960 y4323 w4a h116\"><div class=\"t m0 x1ca h1a y40b1 ff5 fs6 fc1 sc0 ls56 ws55\">199<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x961 y4323 w2f h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls56 ws55\">13,741<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x59e y4323 w4a h116\"><div class=\"t m0 x1ca h1a y40b1 ff5 fs6 fc1 sc0 ls56 ws55\">232<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x962 y4323 w4a h116\"><div class=\"t m0 x1ca h1a y40b1 ff5 fs6 fc1 sc0 ls56 ws55\">159<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x963 y4323 w7b h116\"><div class=\"t m0 x1ca h1a y40b1 ff5 fs6 fc1 sc0 ls56 ws55\">18<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x964 y4323 wa8 h116\"><div class=\"t m0 x1ca h1a y40b1 ff5 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x965 y4323 w93 h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls56 ws55\">14,350<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y42f0 w27f h116\"><div class=\"t m0 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls10a ws5a\">Other fixed rate securities<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x966 y42f0 w36 h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls56 ws55\">1,988<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x967 y42f0 w36 h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls56 ws55\">7,690<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x968 y42f0 w2f h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls56 ws55\">23,145<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x969 y42f0 w2f h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls56 ws55\">21,696<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x96a y42f0 w4a h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls56 ws55\">361<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x96b y42f0 w7b h116\"><div class=\"t m0 x1ca h1a y40b1 ff5 fs6 fc1 sc0 ls56 ws55\">42<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x96c y42f0 w2f h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls56 ws55\">54,922<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y43b3 w19b h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">Varia<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>e rate secu<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x96d y43b3 w4a h116\"><div class=\"t m0 x1ca hc y4084 ff6 fs6 fc1 sc0 ls56 ws55\">774<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x80b y43b3 w36 h116\"><div class=\"t m0 x1ca hc y4084 ff6 fs6 fc1 sc0 ls56 ws55\">2,703<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x96e y43b3 w36 h116\"><div class=\"t m0 x1ca hc y4084 ff6 fs6 fc1 sc0 ls56 ws55\">4,165<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x96f y43b3 w36 h116\"><div class=\"t m0 x1ca hc y4084 ff6 fs6 fc1 sc0 ls56 ws55\">3,558<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x970 y43b3 w4a h116\"><div class=\"t m0 x1ca hc y4084 ff5 fs6 fc1 sc0 ls56 ws55\">122<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x971 y43b3 w7b h116\"><div class=\"t m0 x1ca hc y4084 ff6 fs6 fc1 sc0 ls56 ws55\">16<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x972 y43b3 w2f h116\"><div class=\"t m0 x1ca hc y4084 ff6 fs6 fc1 sc0 ls56 ws55\">11,338<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y42f3 w21c h116\"><div class=\"t m0 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls113 ws5b\">Lifet<span class=\"_ _1\"></span>ime mortgages<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x973 y42f3 wa4 h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x974 y42f3 w36 h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls56 ws55\">4,917<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x59e y42f3 w4a h116\"><div class=\"t m0 x1ca h1a y40b1 ff5 fs6 fc1 sc0 ls56 ws55\">483<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x962 y42f3 w4a h116\"><div class=\"t m0 x1ca h1a y40b1 ff5 fs6 fc1 sc0 ls56 ws55\">402<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x975 y42f3 wa6 h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x976 y42f3 w7b h116\"><div class=\"t m0 x1ca h1a y40b1 ff5 fs6 fc1 sc0 ls56 ws55\">59<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x977 y42f3 w36 h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls56 ws55\">5,861<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4377 w280 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws23\">Accrued in<span class=\"_ _1\"></span>tere<span class=\"_ _1\"></span>st<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x978 y4377 w246 h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">25<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x979 y4377 w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">135<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x97a y4377 w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">256<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x97b y4377 w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">277<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x97c y4377 w59 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">6<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x97d y4377 wa8 h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x29b y4377 w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">701<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40bf w281 h118\"><div class=\"t m0 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls1 ws23\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> debt securities<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x97e y40bf w36 h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">2,986<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x97f y40bf w2f h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">29,186<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x980 y40bf w2f h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">28,281<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x981 y40bf w2f h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">26,092<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x982 y40bf w4a h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">507<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x983 y40bf w4a h118\"><div class=\"t m0 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">120<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x984 y40bf w2f h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">87,172<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4325 w282 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws132\">Loans<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x985 y4325 wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x986 y4325 w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">226<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x987 y4325 w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">303<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x988 y4325 wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x989 y4325 wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x98a y4325 w36 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">2,185<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x98b y4325 w36 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">2,714<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y42f5 w1fd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls112 ws1e\">Der<span class=\"_ _0\"></span>ivative assets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x98c y42f5 w39 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">13<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x98d y42f5 wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x98e y42f5 w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">733<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x98f y42f5 w2f h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">48,298<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x990 y42f5 wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7fe y42f5 wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x991 y42f5 w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">164<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x762 y42f5 w2f h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">49,195<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4192 w87 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Cas<span class=\"_ _0\"></span>h an<span class=\"_ _0\"></span>d cas<span class=\"_ _0\"></span>h eq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>vale<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x992 y4192 w39 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">15<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x993 y4192 w36 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">1,420<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x98e y4192 w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">408<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x767 y4192 w36 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">1,628<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x994 y4192 w70 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">72<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x995 y4192 wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x996 y4192 w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">229<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x997 y4192 w36 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">3,757<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y419e w83 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10e ws54\">Reinsurance contract asset<span class=\"_ _1\"></span>s<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x985 y419e wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x998 y419e w36 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">3,889<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x999 y419e w36 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">5,047<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x99a y419e w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">228<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x99b y419e wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x99c y419e wa8 h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x99d y419e w36 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">9,165<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41a9 wd1 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls114 ws10d\">Oth<span class=\"_ _0\"></span>er assets<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x99e y41a9 w246 h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">12<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x99f y41a9 w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">152<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9a0 y41a9 w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">176<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9a1 y41a9 w7b h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">29<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9a2 y41a9 wa6 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9a3 y41a9 w36 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">3,783<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9a4 y41a9 w36 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">4,152<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w21b h118\"><div class=\"t m0 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls1 ws0\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x9a5 y40ae w36 h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">4,418<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9a6 y40ae w215 h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">34,594<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9a7 y40ae w2f h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">83,733<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9a8 y40ae w2f h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">26,421<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9a9 y40ae w4a h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">507<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9aa y40ae w36 h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">6,482<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9ab y40ae w89 h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">156,155<span class=\"_ _3b2\"> </span></div></td></tr></table><table class=\"s w283 h168\" id=\"_88db9f28-d2f9-4c38-9384-58082f768a57\"><tr><td></td><td></td><td class=\"t m0 x6c1 hf y43b4 ff3 fs9 fc1 sc0 ls198 ws1c3\">AAA<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x95c hf y43b4 ff3 fs9 fc1 sc0 ls198 ws1c3\">AA<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x95d hf y43b4 ff3 fs9 fc1 sc0 ls1 ws0\">A<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x31f hf y43b4 ff3 fs9 fc1 sc0 ls37 ws7\">BBB<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x9ac hf y43b4 ff3 fs9 fc1 sc0 ls18 ws0\">BB a<span class=\"_ _0\"></span>nd b<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>ow<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x32b hf y43b4 ff3 fs9 fc1 sc0 ls1b ws1f\">Other<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c7 hf y43b4 ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y43b5 w284 h11e\"><div class=\"t m0 x1ca hf y415b ff3 fs9 fc1 sc0 ls18 ws0\">As a<span class=\"_ _0\"></span>t 31 De<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>3<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9ad y43b5 w10d h11e\"><div class=\"t m0 x1ca hf y415b ff3 fs9 fc1 sc0 lsee wsf5\">Note<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"t m0 x321 hf y43b6 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x464 hf y43b6 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x432 hf y43b6 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x465 hf y43b6 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x466 hf y43b6 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x467 hf y43b6 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 hf y43b6 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y40ba w27e h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Governme<span class=\"_ _1\"></span>nt securit<span class=\"_ _1\"></span>ies<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x9ae y40ba w42 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">242<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9af y40ba wc5 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">8,141<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9b0 y40ba w42 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">253<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9b1 y40ba w39 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">98<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9b2 y40ba w75 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9b3 y40ba w50 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9b4 y40ba w30 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">8,736<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y43b7 w27f h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10a ws5a\">Other fixed rate securities<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x9b5 y43b7 wc5 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,083<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9b6 y43b7 wc5 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">7,080<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9b7 y43b7 w3e h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">24,206<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9b8 y43b7 w3e h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">21,646<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9b9 y43b7 w42 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">299<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9ba y43b7 w42 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">141<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9bb y43b7 w3e h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">55,455<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41d1 w19b h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">Varia<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>e rate secu<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x9bc y41d1 w42 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">471<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9bd y41d1 wc5 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,734<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7aa y41d1 w37 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">4,039<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9be y41d1 w37 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,328<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9bf y41d1 w4b h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">133<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9c0 y41d1 w50 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9c1 y41d1 w3e h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">10,707<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4304 w21c h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls113 ws5b\">Lifet<span class=\"_ _1\"></span>ime mortgages<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x973 y4304 wbd h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9c2 y4304 wc5 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">4,835<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9c3 y4304 w4b h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">504<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9c4 y4304 w4b h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">402<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9c5 y4304 wbf h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9c6 y4304 w39 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">25<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9c7 y4304 w37 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5,766<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4189 w280 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws23\">Accrued in<span class=\"_ _1\"></span>tere<span class=\"_ _1\"></span>st<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x978 y4189 w39 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">24<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9c8 y4189 w42 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">113<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9c9 y4189 w42 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">240<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9ca y4189 w42 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">283<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9cb y4189 w50 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9cc y4189 w75 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3b2 y4189 w42 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">666<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4305 w285 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10a ws5a\">T<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>tal debt securities<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x9cd y4305 wc5 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,820<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9ce y4305 w3e h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">22,903<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9cf y4305 wd3 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">29,242<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9d0 y4305 wd3 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">25,757<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9d1 y4305 w42 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">437<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9d2 y4305 w42 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">171<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3bf y4305 wd3 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">81,330<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c0 w282 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Loans<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x9d3 y40c0 wbe h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9d4 y40c0 w153 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">183<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9d5 y40c0 w42 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">893<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9d6 y40c0 wbd h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9d7 y40c0 wbd h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9d8 y40c0 w42 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">536<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x861 y40c0 w30 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,612<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4306 w1fd h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls112 ws1e\">Der<span class=\"_ _0\"></span>ivative assets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x98c y4306 w39 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">13<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x98d y4306 wbd h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9d9 y4306 w39 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">35<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9da y4306 w3e h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">37,332<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9db y4306 wbd h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9dc y4306 w50 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9dd y4306 w42 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">651<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9de y4306 w3e h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">38,019<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c2 w87 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Cas<span class=\"_ _0\"></span>h an<span class=\"_ _0\"></span>d cas<span class=\"_ _0\"></span>h eq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>vale<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x992 y40c2 w39 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">15<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9df y40c2 w42 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">985<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9e0 y40c2 w42 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">805<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9e1 y40c2 w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,886<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9e2 y40c2 w42 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">115<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9e3 y40c2 wbd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9e4 y40c2 w42 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">444<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7b1 y40c2 w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">4,235<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w83 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws54\">Reinsurance contract asset<span class=\"_ _1\"></span>s<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x985 y4121 wbe h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x516 y4121 wc5 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">4,163<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x517 y4121 w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,551<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9e5 y4121 w42 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">256<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9e6 y4121 wbd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9e7 y4121 w42 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">336<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1e8 y4121 w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">7,306<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4158 wd1 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls114 ws10d\">Oth<span class=\"_ _0\"></span>er assets<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x99e y4158 w39 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">15<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9e8 y4158 w42 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">253<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9e9 y4158 w42 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">237<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9ea y4158 w42 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">116<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9eb y4158 w75 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9ec y4158 w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">6,050<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9ed y4158 w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">6,673<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w236 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls15e ws179\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x9ee y40ae w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,820<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9ef y40ae w3e h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">28,342<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9f0 y40ae w3e h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">72,141<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9f1 y40ae w3e h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">26,244<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9f2 y40ae w42 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">440<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9f3 y40ae w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">8,188<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x739 y40ae w82 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">139,175<span class=\"_ _3b2\"> </span></div></td></tr></table>Im<span class=\"_ _1\"></span>pairm<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>t<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e table b<span class=\"_ _0\"></span>elow sh<span class=\"_ _0\"></span>ows the gros<span class=\"_ _0\"></span>s car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>yi<span class=\"_ _0\"></span>ng value of fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ents me<span class=\"_ _0\"></span>asure<span class=\"_ _0\"></span>d at F<span class=\"_ _0\"></span>VO<span class=\"_ _0\"></span>CI<span class=\"_ gsec\"> </span>an<span class=\"_ _0\"></span>d amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>ed co<span class=\"_ _0\"></span>st spli<span class=\"_ _0\"></span>t by credi<span class=\"_ _0\"></span>t ratin<span class=\"_ _0\"></span>g, se<span class=\"_ _0\"></span>para<span class=\"_ _0\"></span>tely ide<span class=\"_ _0\"></span>ntif<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>ose inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nts for whic<span class=\"_ _0\"></span>h a 1<span class=\"_ _1\"></span>2-m<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>th ECL (i.e<span class=\"_ _0\"></span>. S<span class=\"_ _0\"></span>tag<span class=\"_ _0\"></span>e 1<span class=\"_ _1\"></span>) or Lifetime EC<span class=\"_ _0\"></span>L (i.e. S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>age 2 and 3) is calcul<span class=\"_ _0\"></span>ated, as well as any los<span class=\"_ _0\"></span>s allowan<span class=\"_ _0\"></span>ces re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>. As at 31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2024<span class=\"_ _0\"></span>, the Gro<span class=\"_ _0\"></span>up did not have any purc<span class=\"_ _0\"></span>has<span class=\"_ _0\"></span>ed or or<span class=\"_ _0\"></span>igin<span class=\"_ _0\"></span>ated cre<span class=\"_ _0\"></span>dit-<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>pai<span class=\"_ _0\"></span>red f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span> (202<span class=\"_ _0\"></span>3:<span class=\"_ gsec\"> </span>n<span class=\"_ _0\"></span>o purch<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>d or ori<span class=\"_ _0\"></span>ginated c<span class=\"_ _0\"></span>redi<span class=\"_ _0\"></span>t-<span class=\"_ _0\"></span>imp<span class=\"_ _0\"></span>aire<span class=\"_ _0\"></span>d fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts).<span class=\"_ _3b2\"> </span><table class=\"s w286 h169\" id=\"_b4f69223-246c-45d7-85aa-f03efa4aff24\"><tr><td></td><td class=\"t m0 x9f4 h13 y43b8 ff5 fs9 fc1 sc0 ls3d ws86\">Assets under<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x9f5 h13 y43b8 ff5 fs9 fc1 sc0 ls3d ws86\">Assets under<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m0 x9f6 hf y43b8 ff3 fs9 fc1 sc0 ls1 ws16\">Assets under<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x9f7 hf y43b8 ff3 fs9 fc1 sc0 ls1 ws16\">Assets under<span class=\"ws0\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x9f8 h13 y43b9 ff5 fs9 fc1 sc0 ls18 ws0\">St<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ge 1<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x9f5 h13 y43b9 ff5 fs9 fc1 sc0 ls18 ws0\">St<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ge 2 a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d 3<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x430 h13 y43b9 ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x9f9 hf y43b9 ff3 fs9 fc1 sc0 ls189 ws4b\">Stage 1<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x9fa hf y43b9 ff3 fs9 fc1 sc0 ls18 ws0\">S<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ge 2 an<span class=\"_ _0\"></span>d 3<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c7 hf y43b9 ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 h13 y43ba ff6 fs9 fc1 sc0 ls167 ws182\">F<span class=\"_ _0\"></span>VOC<span class=\"_ _0\"></span>I<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x8d5 h13 y43ba ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x686 h13 y43ba ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x430 h13 y43ba ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x637 hf y43ba ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c6 hf y43ba ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c7 hf y43ba ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 h13 y43bb ff5 fs9 fc1 sc0 ls3b ws45\">Shareholder<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x282 h13 y43bb ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x5ef h13 y43bb ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x432 h13 y43bb ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x433 hf y43bb ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c8 hf y43bb ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 hf y43bb ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y40be w287 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls199 ws1c4\">AAA<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9fb y40be w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">88<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9fc y40be wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7f4 y40be w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">88<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9fd y40be w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">54<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9fe y40be wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9ff y40be w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">54<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4359 w288 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls199 ws1c4\">AA<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa00 y4359 w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,697<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa01 y4359 wa5 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa02 y4359 w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,697<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa03 y4359 w30 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,802<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa04 y4359 wbd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa05 y4359 w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,802<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c0 w289 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">A<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa06 y40c0 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">93<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa07 y40c0 wa4 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa08 y40c0 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">93<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1fa y40c0 w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">111<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x699 y40c0 wbf h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa09 y40c0 w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">111<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c1 w28a h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls4f wsa3\">BBB<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa0a y40c1 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">43<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa0b y40c1 wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa0c y40c1 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">43<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x23e y40c1 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">55<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5db y40c1 wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa0d y40c1 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">55<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y419a w28b h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">BB an<span class=\"_ _0\"></span>d b<span class=\"_ _0\"></span>elo<span class=\"_ _0\"></span>w<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa0e y419a wa4 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa0f y419a wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa10 y419a wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa11 y419a wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa12 y419a wbf h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa13 y419a wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w141 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 lsea ws122\">Othe<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa14 y4121 wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa15 y4121 wa4 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa16 y4121 wa6 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa17 y4121 wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa18 y4121 wbf h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa19 y4121 wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y43bc w28c h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws23\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> gross<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa1a y43bc w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,921<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa1b y43bc wa5 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa1c y43bc w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,921<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x734 y43bc w30 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa1d y43bc wbf h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x814 y43bc w30 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,022<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w28d h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws132\">ECL<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa1e y40ae wb4 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(7)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa1f y40ae wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa20 y40ae w67 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(7)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa21 y40ae w6a h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(5)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa22 y40ae wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x64c y40ae wc0 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(5)<span class=\"_ _3b2\"> </span></div></td></tr></table><table class=\"s w20d h16a\" id=\"_a02fc243-1dbc-4860-8260-6d8966e576d9\"><tr><td></td><td class=\"c n xa23 y43bd w28e h11d\"><div class=\"t m0 x1ca h13 y4151 ff5 fs9 fc1 sc0 ls3d ws86\">Assets under</div></td><td class=\"t m0 x9f5 h13 y43be ff5 fs9 fc1 sc0 ls3d ws86\">Assets under<span class=\"ls1 ws0\"> </span></td><td></td><td class=\"t m0 x9f6 hf y43be ff3 fs9 fc1 sc0 ls1 ws16\">Assets under<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x9f7 hf y43be ff3 fs9 fc1 sc0 ls1 ws16\">Assets under<span class=\"ws0\"> </span></td><td></td></tr><tr><td></td><td class=\"c n xa24 y43bf w28f h11d\"><div class=\"t m0 x1ca h13 y4151 ff5 fs9 fc1 sc0 ls18 ws0\">St<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ge 1</div></td><td class=\"t m0 x9f5 h13 y43c0 ff5 fs9 fc1 sc0 ls18 ws0\">St<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ge 2 a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d 3<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x430 h13 y43c0 ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x9f9 hf y43c0 ff3 fs9 fc1 sc0 ls189 ws4b\">Stage 1<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x9fa hf y43c0 ff3 fs9 fc1 sc0 ls18 ws0\">S<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ge 2 an<span class=\"_ _0\"></span>d 3<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c7 hf y43c0 ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c x1cb y43c1 w290 h11d\"><div class=\"t m0 x1ca h13 y4151 ff5 fs9 fc1 sc0 ls115 ws121\">Amor<span class=\"_ _0\"></span>tised cost<span class=\"_ _3b2\"> </span></div><div class=\"t m0 xa25 h13 y4151 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"t m0 x686 h13 y43c2 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x430 h13 y43c2 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x637 hf y43c2 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c6 hf y43c2 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c7 hf y43c2 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y43c3 w291 h11d\"><div class=\"t m0 x1ca h13 y4151 ff5 fs9 fc1 sc0 ls3b ws45\">Shareholder<span class=\"_ _3b2\"> </span></div></td><td class=\"t m0 x282 h13 y43c4 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x5ef h13 y43c4 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x432 h13 y43c4 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x433 hf y43c4 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c8 hf y43c4 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 hf y43c4 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y433b w287 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls199 ws1c4\">AAA<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa26 y433b w4a h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">242<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa27 y433b wa4 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa28 y433b w4a h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">242<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa29 y433b w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">253<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa2a y433b wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa2b y433b w4b h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">253<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4189 w288 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls199 ws1c4\">AA<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa2c y4189 w4a h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">542<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa2d y4189 wa4 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa2e y4189 w4a h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">542<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa2f y4189 w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">530<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa30 y4189 wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa31 y4189 w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">530<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40bf w289 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">A<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa32 y40bf w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">3,873<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa33 y40bf wa5 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa34 y40bf w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">3,873<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa35 y40bf w30 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,478<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa36 y40bf wbd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa37 y40bf w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,478<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41dd w28a h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls4f wsa3\">BBB<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa38 y41dd w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">4,312<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa39 y41dd wa4 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x93f y41dd w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">4,312<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x723 y41dd w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,647<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x937 y41dd w42 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">113<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa3a y41dd w30 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,760<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4180 w28b h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">BB an<span class=\"_ _0\"></span>d b<span class=\"_ _0\"></span>elo<span class=\"_ _0\"></span>w<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa0e y4180 wa4 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa3b y4180 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">29<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa3c y4180 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">29<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa3d y4180 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">18<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa3e y4180 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">25<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x25f y4180 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">43<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4181 w141 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 lsea ws122\">Othe<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa3f y4181 w246 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">83<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa40 y4181 wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa41 y4181 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">83<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa42 y4181 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">12<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa43 y4181 wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9ff y4181 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">12<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w28c h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws23\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> gross<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa1a y4121 w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">9,052<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa44 y4121 w246 h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">29<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa45 y4121 w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">9,081<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa03 y4121 w30 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">7,938<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa46 y4121 w42 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">138<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7a9 y4121 w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">8,076<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4184 w28d h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws132\">ECL<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa47 y4184 w14c h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(32)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa48 y4184 wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa49 y4184 w41 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(32)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa4a y4184 w71 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(25)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa4b y4184 w6a h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(6)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa4c y4184 w71 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(31)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w292 h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws23\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> net amount<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa1a y40ae w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">9,020<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa44 y40ae w246 h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">29<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa45 y40ae w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">9,049<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa03 y40ae w30 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">7,913<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa46 y40ae w42 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">132<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7a9 y40ae w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">8,045<span class=\"_ _3b2\"> </span></div></td></tr></table>Ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r <span class=\"_ _1\"></span>fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial assets at <span class=\"_ _1\"></span>amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tise<span class=\"_ _0\"></span>d cost are <span class=\"_ _1\"></span>pred<span class=\"_ _0\"></span>omi<span class=\"_ _0\"></span>nant<span class=\"_ _0\"></span>ly unrated other recei<span class=\"_ _0\"></span>vabl<span class=\"_ _0\"></span>es with an <span class=\"_ _1\"></span>immater<span class=\"_ _0\"></span>ial loss allowance (202<span class=\"_ _0\"></span>3:<span class=\"_ gsec\"> </span>im<span class=\"_ _0\"></span>materi<span class=\"_ _0\"></span>al<span class=\"_ gsec\"> </span>los<span class=\"_ _0\"></span>s<span class=\"_ gsec\"> </span>allowa<span class=\"_ _0\"></span>nce)<span class=\"_ _3b2\"> </span>.<span class=\"_ _3b2\"> </span>Off<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>tting<span class=\"_ _3b2\"> </span>Fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial ass<span class=\"_ _0\"></span>ets an<span class=\"_ _0\"></span>d liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es are of<span class=\"_ _0\"></span>fse<span class=\"_ _0\"></span>t in th<span class=\"_ _0\"></span>e Co<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>lidated B<span class=\"_ _0\"></span>ala<span class=\"_ _0\"></span>nce S<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t whe<span class=\"_ _0\"></span>n the G<span class=\"_ _0\"></span>roup h<span class=\"_ _0\"></span>as a le<span class=\"_ _0\"></span>gall<span class=\"_ _0\"></span>y enforc<span class=\"_ _0\"></span>eab<span class=\"_ _0\"></span>le ri<span class=\"_ _0\"></span>ght to of<span class=\"_ _0\"></span>fset an<span class=\"_ _0\"></span>d has th<span class=\"_ _0\"></span>e intenti<span class=\"_ _0\"></span>on to set<span class=\"_ _0\"></span>tle the as<span class=\"_ _0\"></span>set and li<span class=\"_ _0\"></span>abili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y on a net basis<span class=\"_ _0\"></span>, or to realise the ass<span class=\"_ _0\"></span>et and lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y simul<span class=\"_ _0\"></span>tan<span class=\"_ _0\"></span>eo<span class=\"_ _0\"></span>usly.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p has n<span class=\"_ _0\"></span>ot entere<span class=\"_ _0\"></span>d into any f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al tran<span class=\"_ _0\"></span>sac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns resu<span class=\"_ _0\"></span>ltin<span class=\"_ _0\"></span>g in f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al asse<span class=\"_ _0\"></span>ts and li<span class=\"_ _0\"></span>abili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s bei<span class=\"_ _0\"></span>ng of<span class=\"_ _0\"></span>fse<span class=\"_ _0\"></span>t in the C<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>soli<span class=\"_ _0\"></span>dated B<span class=\"_ _0\"></span>alan<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span> Sh<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t. T<span class=\"_ _0\"></span>he tab<span class=\"_ _0\"></span>le be<span class=\"_ _0\"></span>low shows<span class=\"_ _0\"></span> the fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial as<span class=\"_ _0\"></span>sets an<span class=\"_ _0\"></span>d liabi<span class=\"_ _0\"></span>liti<span class=\"_ _0\"></span>es that are su<span class=\"_ _0\"></span>bje<span class=\"_ _0\"></span>ct to master ne<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g agre<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ents in sh<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>hol<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r asse<span class=\"_ _0\"></span>ts and liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>. Uni<span class=\"_ _0\"></span>t linked ass<span class=\"_ _0\"></span>ets and lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ties have not be<span class=\"_ _0\"></span>en in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d as shareh<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>s are not expo<span class=\"_ _0\"></span>sed to the ris<span class=\"_ _0\"></span>ks on thes<span class=\"_ _0\"></span>e poli<span class=\"_ _0\"></span>cie<span class=\"_ _0\"></span>s.<span class=\"_ _3b2\"> </span><table class=\"s w293 h16b\" id=\"_5d324622-c773-43e8-932f-256ddd69602b\"><tr><td></td><td></td><td></td><td></td><td class=\"t m2 xa4d h13 y43c5 ff5 fs9 fc1 sc0 ls3d ws86\">Amounts subject to<span class=\"_ _1\"></span> enforceable<span class=\"_ _1\"></span> netting arrangements<span class=\"_ _3b2\"> </span></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"t m2 x94a h13 y43c6 ff5 fs9 fc1 sc0 ls3d ws86\">Amounts under master<span class=\"_ _1\"></span> netting arrangements but<span class=\"_ _1\"></span> not offset<span class=\"_ _3b2\"> </span></td><td></td></tr><tr><td></td><td class=\"t m2 x321 h13 y43c7 ff5 fs9 fc1 sc0 ls18 ws0\">Gr<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>nd n<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t </td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m2 xa4e h13 y43c8 ff5 fs9 fc1 sc0 ls14a ws163\">amounts reported </td><td></td><td></td><td class=\"t m2 x615 h13 y43c9 ff5 fs9 fc1 sc0 ls1 ws0\">Securit<span class=\"_ _0\"></span>ies </td><td></td></tr><tr><td></td><td class=\"t m2 x7be h13 y43ca ff5 fs9 fc1 sc0 ls3c ws4c\">in the<span class=\"_ _1\"></span> Consol<span class=\"_ _1\"></span>idated </td><td class=\"t m2 xa4f h13 y43ca ff5 fs9 fc1 sc0 ls38 ws3b\">Related financial<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x431 h13 y43cb ff5 fs9 fc1 sc0 ls29 ws30\">Cash<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x8d1 h13 y43cb ff5 fs9 fc1 sc0 ls38 ws3a\">collateral<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 h13 y43cb ff5 fs9 fc1 sc0 ls3c ws11e\">Net<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x273 h13 y43cc ff5 fs9 fc1 sc0 ls38 ws3b\">Balance Sheet<span class=\"_ _3b2\"> </span></td><td class=\"c xa51 y43cd w294 h123\"><div class=\"t m2 x1ca h13 y4151 ff5 fs9 fc1 sc0 ls3d ws131\">instruments</div><div class=\"t m2 xa50 h99 y41b3 ff5 fs1b fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c x51e y43cd w17e h123\"><div class=\"t m2 x1ca h13 y4151 ff5 fs9 fc1 sc0 ls38 ws3a\">collateral</div><div class=\"t m2 x57e h99 y41b3 ff5 fs1b fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c xa53 y43cd w295 h123\"><div class=\"t m2 x1ca h13 y4151 ff5 fs9 fc1 sc0 ls3d ws131\">pledged</div><div class=\"t m2 xa52 h99 y41b3 ff5 fs1b fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"t m2 x5cb h13 y43ce ff5 fs9 fc1 sc0 ls3d ws131\">amount<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 h13 y43cf ff5 fs9 fc1 sc0 ls18 ws0\">As a<span class=\"_ _0\"></span>t 31 De<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>4<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x5ef h13 y43cf ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x432 h13 y43d0 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x433 h13 y43d0 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 h13 y43d0 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 h13 y43d0 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y4325 w1fd h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls112 ws1e\">Der<span class=\"_ _0\"></span>ivative assets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa54 y4325 w2f h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">49,195<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa55 y4325 w44 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(48,433)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa56 y4325 w41 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(85)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa57 y4325 w3a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(677)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa58 y4325 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y42f5 w296 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws23\">Rev<span class=\"_ _1\"></span>erse r<span class=\"_ _1\"></span>epurchase<span class=\"_ _1\"></span> agr<span class=\"_ _1\"></span>eements<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa59 y42f5 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">2,630<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa5a y42f5 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa5b y42f5 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x2d4 y42f5 w33 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(2,630)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa5c y42f5 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c2 w21b h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls1 ws0\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa5d y40c2 w215 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">51,825<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa5e y40c2 wd7 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">(48,433)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa5f y40c2 w41 h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">(85)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa60 y40c2 w33 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">(3,307)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa61 y40c2 wa5 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y419e w231 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls112 ws1e\">Der<span class=\"_ _0\"></span>ivative liabiliti<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa62 y419e w44 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(54,274)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa63 y419e w2f h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">48,433<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa64 y419e w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">630<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1e7 y419e w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">5,211<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa65 y419e wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41a9 w297 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls114 ws10d\">Repurch<span class=\"_ _0\"></span>ase agreem<span class=\"_ _0\"></span>ents<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa66 y41a9 w33 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(2,488)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa67 y41a9 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa68 y41a9 wa6 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3ff y41a9 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">2,488<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa69 y41a9 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w21b h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls1 ws0\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa6a y40ae w298 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">(56,762)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x80c y40ae w2f h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">48,433<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa6b y40ae w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">630<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa6c y40ae w36 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">7,699<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa6d y40ae wa5 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr></table><table class=\"s w299 h16c\" id=\"_83583681-1f3c-40c6-ac16-f25d9edad5bb\"><tr><td></td><td></td><td></td><td></td><td class=\"t m2 x26e hf y43d1 ff3 fs9 fc1 sc0 ls18 ws0\">Am<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s su<span class=\"_ _0\"></span>bje<span class=\"_ _0\"></span>ct to e<span class=\"_ _0\"></span>nfo<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>e ne<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g ar<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts<span class=\"_ _3b2\"> </span></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"t m2 xa6e hf y43d2 ff3 fs9 fc1 sc0 ls18 ws0\">Am<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s un<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r mas<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r net<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g ar<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts b<span class=\"_ _0\"></span>ut n<span class=\"_ _0\"></span>ot of<span class=\"_ _0\"></span>fs<span class=\"_ _0\"></span>et<span class=\"_ _3b2\"> </span></td><td></td></tr><tr><td></td><td class=\"t m2 x9f5 hf y43d3 ff3 fs9 fc1 sc0 ls1 ws16\">Gross and<span class=\"_ _1\"></span> net </td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m2 xa6f hf y43d4 ff3 fs9 fc1 sc0 ls1 ws16\">amounts reported in </td><td></td><td></td><td class=\"t m2 x8d1 hf y43d5 ff3 fs9 fc1 sc0 ls168 ws183\">Securi<span class=\"_ _0\"></span>ties </td><td></td></tr><tr><td></td><td class=\"t m2 xa70 hf y43d6 ff3 fs9 fc1 sc0 ls189 ws4b\">the Consolidated </td><td class=\"t m2 xa71 hf y43d6 ff3 fs9 fc1 sc0 ls187 ws41\">Related financial<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x637 hf y43d7 ff3 fs9 fc1 sc0 ls111 wsc0\">Cash<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x42b hf y43d7 ff3 fs9 fc1 sc0 lsee wsf5\">co<span class=\"_ _0\"></span>lla<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>al<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y43d7 ff3 fs9 fc1 sc0 ls1 ws0\">Net<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x321 hf y43d8 ff3 fs9 fc1 sc0 ls187 ws41\">Balance Sheet<span class=\"_ _3b2\"> </span></td><td class=\"c x27d y43d9 w29a h11e\"><div class=\"t m2 x1ca hf y40a5 ff3 fs9 fc1 sc0 ls1b ws1f\">instrume<span class=\"_ _0\"></span>nts</div><div class=\"t m2 xa72 ha4 y41be ff3 fs1b fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c x61d y43d9 w29b h11e\"><div class=\"t m2 x1ca hf y40a5 ff3 fs9 fc1 sc0 lsee wsf5\">co<span class=\"_ _0\"></span>lla<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>al</div><div class=\"t m2 xa73 ha4 y41be ff3 fs1b fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c xa53 y43d9 w29c h11e\"><div class=\"t m2 x1ca hf y40a5 ff3 fs9 fc1 sc0 ls14a ws164\">pledged</div><div class=\"t m2 xa52 ha4 y41be ff3 fs1b fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"t m2 x5cb hf y43da ff3 fs9 fc1 sc0 ls1 ws0\">amount<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 hf y43db ff3 fs9 fc1 sc0 ls18 ws0\">As a<span class=\"_ _0\"></span>t 31 De<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>3<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x5ef hf y43db ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x432 hf y43dc ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x433 hf y43dc ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 hf y43dc ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y43dc ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y40c0 w1fd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls112 ws1e\">Der<span class=\"_ _0\"></span>ivative assets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa74 y40c0 w237 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">38,019<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa75 y40c0 w45 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(37,172)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa76 y40c0 w3b h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(790)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa77 y40c0 w5a h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(57)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa78 y40c0 wbf h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c1 w296 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Rev<span class=\"_ _1\"></span>erse r<span class=\"_ _1\"></span>epurchase<span class=\"_ _1\"></span> agr<span class=\"_ _1\"></span>eements<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa79 y40c1 wc5 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,599<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa7a y40c1 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa7b y40c1 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa7c y40c1 w34 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(1,599)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa7d y40c1 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c2 w236 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls15e ws179\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa7e y40c2 w237 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">39,618<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa7f y40c2 w45 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(37,172)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5d7 y40c2 w3b h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(790)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa80 y40c2 w34 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(1,656)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa81 y40c2 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w231 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls112 ws1e\">Der<span class=\"_ _0\"></span>ivative liabiliti<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa82 y4121 w45 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(40,499)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa83 y4121 wd3 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">37,172<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa84 y4121 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,385<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa85 y4121 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,942<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa86 y4121 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4158 w297 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls114 ws10d\">Repurch<span class=\"_ _0\"></span>ase agreem<span class=\"_ _0\"></span>ents<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa87 y4158 w34 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(2,456)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa88 y4158 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa89 y4158 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa8a y4158 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,456<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa8b y4158 wbf h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w236 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls15e ws179\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa8c y40ae w45 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(42,955)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa8d y40ae wd3 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">37,172<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa8e y40ae w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,385<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa8f y40ae w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">4,398<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa90 y40ae wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr></table>1. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>Re<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d fin<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>l in<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ts o<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>ng a<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s wi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h th<span class=\"_ _0\"></span>e sa<span class=\"_ _0\"></span>me c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y w<span class=\"_ _0\"></span>hi<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>, u<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r ag<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts s<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ch a<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>e I<span class=\"_ _0\"></span>SD<span class=\"_ _0\"></span>A Ma<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>er A<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>, c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ul<span class=\"_ _0\"></span>d be o<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>fs<span class=\"_ _0\"></span>et an<span class=\"_ _0\"></span>d<span class=\"_ gs4cd\"> </span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d ne<span class=\"_ _0\"></span>t fo<span class=\"_ _0\"></span>ll<span class=\"_ _0\"></span>ow<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g c<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ta<span class=\"_ _0\"></span>in p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>ed e<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>2. <span class=\"_ _15\"> </span>Ca<span class=\"_ _0\"></span>sh a<span class=\"_ _0\"></span>nd s<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s he<span class=\"_ _0\"></span>ld m<span class=\"_ _0\"></span>ay e<span class=\"_ _0\"></span>xce<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d ta<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>t l<span class=\"_ _0\"></span>eve<span class=\"_ _0\"></span>ls d<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>e to th<span class=\"_ _0\"></span>e c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pl<span class=\"_ _0\"></span>ex<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es of o<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>al c<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>l ma<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>, t<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g an<span class=\"_ _0\"></span>d a<span class=\"_ _0\"></span>gr<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s in p<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e wi<span class=\"_ _0\"></span>th i<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>du<span class=\"_ _0\"></span>al c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>In the tab<span class=\"_ _0\"></span>les ab<span class=\"_ _0\"></span>ove, the am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ts of assets or lia<span class=\"_ _0\"></span>bilit<span class=\"_ _0\"></span>ies pre<span class=\"_ _0\"></span>sente<span class=\"_ _0\"></span>d in the Co<span class=\"_ _0\"></span>nsol<span class=\"_ _0\"></span>idated B<span class=\"_ _0\"></span>alan<span class=\"_ _0\"></span>ce S<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>et are offs<span class=\"_ _0\"></span>et fi<span class=\"_ _0\"></span>rst by f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial in<span class=\"_ _0\"></span>str<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ents that<span class=\"_ _0\"></span> have the rig<span class=\"_ _0\"></span>ht of offset un<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r master ne<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ting or si<span class=\"_ _0\"></span>milar ar<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts with any re<span class=\"_ _0\"></span>maini<span class=\"_ _0\"></span>ng amo<span class=\"_ _0\"></span>unt re<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>ed by cas<span class=\"_ _0\"></span>h and sec<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>itie<span class=\"_ _0\"></span>s coll<span class=\"_ _0\"></span>ateral<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCreditRiskExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-649": {
   "value": "Liq<span class=\"_ _0\"></span>uid<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y r<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>k<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e risk that th<span class=\"_ _0\"></span>e Group, th<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>gh sol<span class=\"_ _0\"></span>vent<span class=\"_ _0\"></span>, eith<span class=\"_ _0\"></span>er do<span class=\"_ _0\"></span>es not have suf<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ient li<span class=\"_ _0\"></span>quid f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>l resou<span class=\"_ _0\"></span>rces avail<span class=\"_ _0\"></span>able to enab<span class=\"_ _0\"></span>le it to mee<span class=\"_ _0\"></span>t its obl<span class=\"_ _0\"></span>igati<span class=\"_ _0\"></span>ons as they fall du<span class=\"_ _0\"></span>e, or c<span class=\"_ _0\"></span>an sec<span class=\"_ _0\"></span>ure the<span class=\"_ _0\"></span>m onl<span class=\"_ _0\"></span>y at excessi<span class=\"_ _0\"></span>ve cost<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Group is also ex<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>ed to insur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e risk as a con<span class=\"_ _0\"></span>seq<span class=\"_ _0\"></span>uen<span class=\"_ _0\"></span>ce of offe<span class=\"_ _0\"></span>rin<span class=\"_ _0\"></span>g these p<span class=\"_ _0\"></span>rodu<span class=\"_ _0\"></span>cts \u2013 mo<span class=\"_ _0\"></span>re detai<span class=\"_ _0\"></span>l on insur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e risk c<span class=\"_ _0\"></span>an be foun<span class=\"_ _0\"></span>d in<span class=\"_ gsec\"> </span>Note<span class=\"_ gsec\"> </span>1<span class=\"_ _1\"></span>8.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Group is not dir<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tly exp<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>d to any market risk<span class=\"_ _0\"></span>, cre<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t risk or liq<span class=\"_ _0\"></span>uidi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y risk asso<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>ated with A<span class=\"_ _0\"></span>sset M<span class=\"_ _0\"></span>anag<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>\u2019s clien<span class=\"_ _0\"></span>t fund<span class=\"_ _0\"></span>s, an<span class=\"_ _0\"></span>d as a<span class=\"_ gsec\"> </span>result<span class=\"_ _0\"></span>, the de<span class=\"_ _0\"></span>taile<span class=\"_ _0\"></span>d risk dis<span class=\"_ _0\"></span>clo<span class=\"_ _0\"></span>sure<span class=\"_ _0\"></span>s have not bee<span class=\"_ _0\"></span>n prese<span class=\"_ _0\"></span>nted<span class=\"_ _0\"></span>. However, Asset Ma<span class=\"_ _0\"></span>nage<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>\u2019s inco<span class=\"_ _0\"></span>me fro<span class=\"_ _0\"></span>m clie<span class=\"_ _0\"></span>nt fund<span class=\"_ _0\"></span>s is related to the value<span class=\"_ gsec\"> </span>of fun<span class=\"_ _0\"></span>ds und<span class=\"_ _0\"></span>er man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt, an<span class=\"_ _0\"></span>d so they are ind<span class=\"_ _0\"></span>irec<span class=\"_ _0\"></span>tly ex<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>ed to market ris<span class=\"_ _0\"></span>ks that imp<span class=\"_ _0\"></span>act th<span class=\"_ _0\"></span>e value of asse<span class=\"_ _0\"></span>ts unde<span class=\"_ _0\"></span>rl<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g thos<span class=\"_ _0\"></span>e funds<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>L<span class=\"_ _0\"></span>iqu<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y r<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>sk<span class=\"_ _3b2\"> </span><table class=\"s w1c4 h14b\" id=\"_fc272233-e6c4-4222-b978-fc0a3c7ad249\"><tr><td class=\"c n x1cb y42b7 w1bb h11d\"><div class=\"t m2 x1ca h13 y4151 ff5 fs9 fc1 sc0 ls115 ws121\">Principal risks<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5ec y42b7 w1bc h11d\"><div class=\"t m2 x1ca h13 y4151 ff5 fs9 fc1 sc0 ls14a ws164\">Segment<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5ed y42b7 w1bd h11d\"><div class=\"t m2 x1ca h13 y4151 ff5 fs9 fc1 sc0 ls115 ws121\">Controls to<span class=\"_ _1\"></span> mitigate risks<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 hb y42b8 ff6 fs6 fc1 sc0 ls56 ws55\">Co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t even<span class=\"_ _0\"></span>t ris<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span> </td><td></td><td></td></tr><tr><td class=\"t m2 x206 h1a y42b9 ff3 fs6 fc1 sc0 ls56 ws0\">Even<span class=\"_ _0\"></span>ts th<span class=\"_ _0\"></span>at res<span class=\"_ _0\"></span>ult i<span class=\"_ _0\"></span>n liq<span class=\"_ _0\"></span>uid<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y r<span class=\"_ _0\"></span>isk i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>e a pa<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>emi<span class=\"_ _0\"></span>c th<span class=\"_ _0\"></span>at </td><td class=\"t m2 x5ee hc y42ba ff4 fs6 fc1 sc0 ls113 ws11f\">Group,<span class=\"_ _1\"></span> Corporat<span class=\"_ _1\"></span>e </td><td class=\"t m2 x5ef h1a y42ba ff3 fs6 fc1 sc0 ls56 ws0\">Th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up s<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>ks to e<span class=\"_ _0\"></span>nsu<span class=\"_ _0\"></span>re tha<span class=\"_ _0\"></span>t it m<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>ts i<span class=\"_ _0\"></span>ts ob<span class=\"_ _0\"></span>lig<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ons a<span class=\"_ _0\"></span>s the<span class=\"_ _0\"></span>y fall d<span class=\"_ _0\"></span>ue a<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span> </td></tr><tr><td class=\"t m2 x206 h1a y42bb ff3 fs6 fc1 sc0 ls56 ws0\">co<span class=\"_ _0\"></span>uld l<span class=\"_ _0\"></span>ead to s<span class=\"_ _0\"></span>ign<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant<span class=\"_ _0\"></span>ly hi<span class=\"_ _0\"></span>gh<span class=\"_ _0\"></span>er l<span class=\"_ _0\"></span>evel<span class=\"_ _0\"></span>s of cl<span class=\"_ _0\"></span>aim<span class=\"_ _0\"></span>s tha<span class=\"_ _0\"></span>n woul<span class=\"_ _0\"></span>d </td><td class=\"t m2 x5ee h1a y42bc ff3 fs6 fc1 sc0 ls56 ws0\">Inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts an<span class=\"_ _0\"></span>d Ret<span class=\"_ _0\"></span>ail<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x5ef h1a y42bc ff3 fs6 fc1 sc0 ls56 ws0\">avoid<span class=\"_ _0\"></span>s inc<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ng m<span class=\"_ _0\"></span>ater<span class=\"_ _0\"></span>ial l<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ses o<span class=\"_ _0\"></span>n forc<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d ass<span class=\"_ _0\"></span>et s<span class=\"_ _0\"></span>ale<span class=\"_ _0\"></span>s in or<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r to me<span class=\"_ _0\"></span>et th<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>e </td></tr><tr><td class=\"t m2 x206 hc y42bd ff4 fs6 fc1 sc0 ls56 ws55\">no<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>all<span class=\"_ _0\"></span>y be expe<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>, or ext<span class=\"_ _0\"></span>rem<span class=\"_ _0\"></span>e even<span class=\"_ _0\"></span>ts imp<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g the </td><td></td><td class=\"t m2 x5ef hc y42be ff4 fs6 fc1 sc0 ls56 ws55\">obl<span class=\"_ _0\"></span>iga<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>. A limite<span class=\"_ _0\"></span>d level of con<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>nt liqu<span class=\"_ _0\"></span>idi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y risk is<span class=\"_ _0\"></span>, howeve<span class=\"_ _0\"></span>r, <span class=\"_ _1\"></span>an acc<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>ted<span class=\"_ _0\"></span> </td></tr><tr><td class=\"t m2 x206 h1a y42bf ff3 fs6 fc1 sc0 ls56 ws0\">tim<span class=\"_ _0\"></span>ing of c<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>h fl<span class=\"_ _0\"></span>ows or t<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y to rea<span class=\"_ _0\"></span>lise i<span class=\"_ _0\"></span>nves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts </td><td></td><td class=\"t m2 x5ef hc y42c0 ff4 fs6 fc1 sc0 ls56 ws55\">ele<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ent of wri<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>. It is fur<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ore a con<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>que<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e of </td></tr><tr><td class=\"t m2 x206 hc y42c1 ff4 fs6 fc1 sc0 ls56 ws55\">at<span class=\"_ gs5e1\"> </span>a<span class=\"_ gs5e1\"> </span>giv<span class=\"_ _0\"></span>en valu<span class=\"_ _0\"></span>e with<span class=\"_ _0\"></span>in a spe<span class=\"_ _0\"></span>cif<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ed tim<span class=\"_ _0\"></span>efr<span class=\"_ _0\"></span>am<span class=\"_ _0\"></span>e.<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m2 x5ef hc y42c2 ff4 fs6 fc1 sc0 ls56 ws55\">the<span class=\"_ gs5e1\"> </span>m<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>kets in whic<span class=\"_ _0\"></span>h the Gro<span class=\"_ _0\"></span>up op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ates and th<span class=\"_ _0\"></span>e exec<span class=\"_ _0\"></span>uti<span class=\"_ _0\"></span>on of inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span> </td></tr><tr><td></td><td></td><td class=\"t m2 x5ef hc y42c3 ff4 fs6 fc1 sc0 ls56 ws55\">man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ent st<span class=\"_ _0\"></span>rate<span class=\"_ _0\"></span>gie<span class=\"_ _0\"></span>s. Howe<span class=\"_ _0\"></span>ver, the Grou<span class=\"_ _0\"></span>p\u2019s insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce bu<span class=\"_ _0\"></span>sin<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>ses se<span class=\"_ _0\"></span>ek<span class=\"_ _0\"></span> </td></tr><tr><td></td><td></td><td class=\"t m2 x5ef hc y42c4 ff4 fs6 fc1 sc0 ls56 ws55\">to<span class=\"_ gs5e1\"> </span>main<span class=\"_ _0\"></span>tai<span class=\"_ _0\"></span>n suf<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ici<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t liqui<span class=\"_ _0\"></span>d asse<span class=\"_ _0\"></span>ts and sta<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>by facil<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>es to mee<span class=\"_ _0\"></span>t a <span class=\"_ _1\"></span>pr<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span> </td></tr><tr><td></td><td></td><td class=\"t m2 x5ef hc y42c5 ff4 fs6 fc1 sc0 ls56 ws55\">est<span class=\"_ _0\"></span>ima<span class=\"_ _0\"></span>te of <span class=\"_ _1\"></span>the ca<span class=\"_ _0\"></span>sh ou<span class=\"_ _0\"></span>tf<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ows that may ari<span class=\"_ _0\"></span>se fro<span class=\"_ _0\"></span>m cont<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t event<span class=\"_ _0\"></span>s.<span class=\"_ _0\"></span> </td></tr><tr><td></td><td></td><td class=\"t m2 x5ef hc y42c6 ff4 fs6 fc1 sc0 ls56 ws55\">Th<span class=\"_ _0\"></span>e<span class=\"_ gs5e1\"> </span>lev<span class=\"_ _0\"></span>el<span class=\"_ gs5e1\"> </span>of req<span class=\"_ _0\"></span>uir<span class=\"_ _0\"></span>ed liqu<span class=\"_ _0\"></span>idi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y is iden<span class=\"_ _0\"></span>tif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d usin<span class=\"_ _0\"></span>g tech<span class=\"_ _0\"></span>niq<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span>s incl<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>ing st<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>s </td></tr><tr><td></td><td></td><td class=\"t m2 x5ef hc y42c7 ff4 fs6 fc1 sc0 ls56 ws55\">tests for<span class=\"_ gs5e1\"> </span>s<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>ck eve<span class=\"_ _0\"></span>nts an<span class=\"_ _0\"></span>d the prof<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>e of <span class=\"_ _1\"></span>ac<span class=\"_ _0\"></span>tual li<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>d asset<span class=\"_ _0\"></span>s is regul<span class=\"_ _0\"></span>arl<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> </td></tr><tr><td></td><td></td><td class=\"t m2 x5ef hc y42c8 ff4 fs6 fc1 sc0 ls56 ws55\">co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>d to <span class=\"_ _1\"></span>the re<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>red lia<span class=\"_ _0\"></span>bil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y prof<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>e. Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p\u2019s treas<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>y fu<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n </td></tr><tr><td></td><td></td><td class=\"t m2 x5ef hc y42c9 ff4 fs6 fc1 sc0 ls56 ws55\">prov<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>es<span class=\"_ gs5e1\"> </span>for<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>l facil<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>es to other are<span class=\"_ _0\"></span>as of the Grou<span class=\"_ _0\"></span>p to <span class=\"_ _1\"></span>cove<span class=\"_ _0\"></span>r co<span class=\"_ _0\"></span>ntin<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span> </td></tr><tr><td></td><td></td><td class=\"t m2 x5ef h1a y42ca ff3 fs6 fc1 sc0 ls56 ws0\">liqu<span class=\"_ _0\"></span>idi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y re<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts ar<span class=\"_ _0\"></span>isi<span class=\"_ _0\"></span>ng f<span class=\"_ _0\"></span>rom m<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>e ex<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>e eve<span class=\"_ _0\"></span>nts an<span class=\"_ _0\"></span>d wh<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span> </td></tr><tr><td></td><td></td><td class=\"t m2 x5ef hc y42cb ff4 fs6 fc1 sc0 ls56 ws55\">inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ gs5e1\"> </span>ass<span class=\"_ _0\"></span>ets may not be rea<span class=\"_ _0\"></span>dil<span class=\"_ _0\"></span>y realis<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td></td><td class=\"t m2 x5ef h1a y42cc ff3 fs6 fc1 sc0 ls56 ws0\">Th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up h<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>ds c<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ain n<span class=\"_ _0\"></span>on<span class=\"_ _3\"></span>-<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>re as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s in it<span class=\"_ _0\"></span>s Co<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>rate Inv<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts u<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>t </td></tr><tr><td></td><td></td><td class=\"t m2 x5ef hc y42cd ff4 fs6 fc1 sc0 ls56 ws55\">whi<span class=\"_ _0\"></span>ch are avail<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e for disp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>al. Ou<span class=\"_ _0\"></span>r pri<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>pal mi<span class=\"_ _0\"></span>tig<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on aga<span class=\"_ _0\"></span>ins<span class=\"_ _0\"></span>t timi<span class=\"_ _0\"></span>ng or </td></tr><tr><td></td><td></td><td class=\"t m2 x5ef h1a y42ce ff3 fs6 fc1 sc0 ls56 ws0\">valu<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on r<span class=\"_ _0\"></span>isk o<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>ese a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ts is t<span class=\"_ _0\"></span>hat we ar<span class=\"_ _0\"></span>e not a fo<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>ed se<span class=\"_ _0\"></span>ll<span class=\"_ _0\"></span>er \u2013 we h<span class=\"_ _0\"></span>ave </td></tr><tr><td></td><td></td><td class=\"t m2 x5ef h1a y42cf ff3 fs6 fc1 sc0 ls56 ws0\">sig<span class=\"_ _0\"></span>nif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t po<span class=\"_ _0\"></span>ols o<span class=\"_ _0\"></span>f liqu<span class=\"_ _0\"></span>idi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y an<span class=\"_ _0\"></span>d avail<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le ac<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ons a<span class=\"_ _0\"></span>cr<span class=\"_ _0\"></span>oss t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p whi<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span> </td></tr><tr><td></td><td></td><td class=\"t m2 x5ef hc y42d0 ff4 fs6 fc1 sc0 ls56 ws55\">can<span class=\"_ gs5e1\"> </span>b<span class=\"_ _0\"></span>e de<span class=\"_ _0\"></span>ploy<span class=\"_ _0\"></span>ed to manag<span class=\"_ _0\"></span>e the<span class=\"_ _0\"></span>se ris<span class=\"_ _0\"></span>ks.<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 hb y42d1 ff5 fs6 fc1 sc0 ls1 ws23\">Collateral liquidity risk<span class=\"_ _3b2\"> </span></td><td></td><td></td></tr><tr><td class=\"t m2 x206 hc y42d2 ff4 fs6 fc1 sc0 ls56 ws55\">Wi<span class=\"_ _0\"></span>thi<span class=\"_ _0\"></span>n the ann<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s busin<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>s, th<span class=\"_ _0\"></span>e use of fina<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ial<span class=\"_ _0\"></span> </td><td class=\"t m2 x5ee hc y42d3 ff4 fs6 fc1 sc0 ls113 ws11f\">Asset <span class=\"_ _1\"></span>Management, </td><td class=\"t m2 x5ef h1a y42d4 ff3 fs6 fc1 sc0 ls57 ws0\">Th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up s<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>ks to ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>e th<span class=\"_ _0\"></span>e ris<span class=\"_ _0\"></span>k of co<span class=\"_ _0\"></span>lla<span class=\"_ _0\"></span>tera<span class=\"_ _0\"></span>l ca<span class=\"_ _0\"></span>lls by m<span class=\"_ _0\"></span>aint<span class=\"_ _0\"></span>ain<span class=\"_ _0\"></span>ing a p<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ol of<span class=\"_ _0\"></span> </td></tr><tr><td class=\"t m2 x206 hc y42d5 ff4 fs6 fc1 sc0 ls56 ws55\">ins<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s to<span class=\"_ gs5e1\"> </span>hedg<span class=\"_ _0\"></span>e defau<span class=\"_ _0\"></span>lt<span class=\"_ _0\"></span>, inter<span class=\"_ _0\"></span>est ra<span class=\"_ _0\"></span>te, cur<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>ncy an<span class=\"_ _0\"></span>d </td><td class=\"t m2 x5ee h1a y42d6 ff3 fs6 fc1 sc0 ls112 ws1e\">Institu<span class=\"_ _0\"></span>tional Reti<span class=\"_ _0\"></span>remen<span class=\"_ _0\"></span>t </td><td class=\"t m2 x5ef hc y42d7 ff4 fs6 fc1 sc0 ls57 ws2c\">ass<span class=\"_ _0\"></span>ets whic<span class=\"_ _0\"></span>h are eligi<span class=\"_ _0\"></span>ble to be <span class=\"_ _1\"></span>po<span class=\"_ _0\"></span>sted un<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r its vario<span class=\"_ _0\"></span>us coll<span class=\"_ _0\"></span>ater<span class=\"_ _0\"></span>al arr<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts.<span class=\"_ _0\"></span> </td></tr><tr><td class=\"t m2 x206 hc y42d8 ff4 fs6 fc1 sc0 ls56 ws55\">inf<span class=\"_ _0\"></span>lati<span class=\"_ _0\"></span>on ri<span class=\"_ _0\"></span>sks ca<span class=\"_ _0\"></span>n<span class=\"_ gs5e1\"> </span>req<span class=\"_ _0\"></span>uir<span class=\"_ _0\"></span>e the pos<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g of colla<span class=\"_ _0\"></span>tera<span class=\"_ _0\"></span>l with<span class=\"_ _0\"></span> </td><td class=\"t m2 x5ee h1a y42d9 ff3 fs6 fc1 sc0 ls56 ws0\">and R<span class=\"_ _0\"></span>eta<span class=\"_ _0\"></span>il<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x5ef hc y42da ff4 fs6 fc1 sc0 ls57 ws2c\">Th<span class=\"_ _0\"></span>e coll<span class=\"_ _0\"></span>atera<span class=\"_ _0\"></span>l poo<span class=\"_ _0\"></span>l is <span class=\"_ _1\"></span>sized to <span class=\"_ _1\"></span>be abl<span class=\"_ _0\"></span>e to <span class=\"_ _1\"></span>withs<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>nd a <span class=\"_ _1\"></span>ran<span class=\"_ _0\"></span>ge of severe bu<span class=\"_ _0\"></span>t plausi<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>e </td></tr><tr><td class=\"t m2 x206 hc y42db ff4 fs6 fc1 sc0 ls56 ws55\">co<span class=\"_ _0\"></span>unte<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies at<span class=\"_ gs5e1\"> </span>sh<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>t<span class=\"_ gs5e1\"> </span>noti<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m2 x5ef hc y42dc ff4 fs6 fc1 sc0 ls57 ws2c\">str<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, plus an addit<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>al risk<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>bu<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>fer for prud<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>. The Gro<span class=\"_ _0\"></span>up also main<span class=\"_ _0\"></span>tai<span class=\"_ _0\"></span>ns a </td></tr><tr><td></td><td></td><td class=\"t m2 x5ef hc y42dd ff4 fs6 fc1 sc0 ls57 ws2c\">ser<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s of <span class=\"_ _1\"></span>mana<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt acti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>s to <span class=\"_ _1\"></span>miti<span class=\"_ _0\"></span>gate agai<span class=\"_ _0\"></span>nst hig<span class=\"_ _0\"></span>hly<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ever<span class=\"_ _0\"></span>e shoc<span class=\"_ _0\"></span>ks<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 hb y42de ff6 fs6 fc1 sc0 ls56 ws55\">Inve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt li<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y ri<span class=\"_ _0\"></span>sk<span class=\"_ _3b2\"> </span></td><td></td><td></td></tr><tr><td class=\"t m2 x206 hc y42df ff4 fs6 fc1 sc0 ls56 ws55\">Dir<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t len<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>g, sa<span class=\"_ _0\"></span>le and le<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>bac<span class=\"_ _0\"></span>k inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts and lifet<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>e </td><td class=\"t m2 x5ee hc y42e0 ff4 fs6 fc1 sc0 ls113 ws11f\">Asset <span class=\"_ _1\"></span>Management, </td><td class=\"t m2 x5ef h1a y42e1 ff3 fs6 fc1 sc0 ls56 ws0\">Give<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e illi<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>id nat<span class=\"_ _0\"></span>ure of t<span class=\"_ _0\"></span>he an<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y an<span class=\"_ _0\"></span>d oth<span class=\"_ _0\"></span>er l<span class=\"_ _0\"></span>iab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s the G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up is a<span class=\"_ _0\"></span>ble a<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span> </td></tr><tr><td class=\"t m2 x206 h1a y42e2 ff3 fs6 fc1 sc0 ls56 ws0\">mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tga<span class=\"_ _0\"></span>ge bu<span class=\"_ _0\"></span>sin<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>s are i<span class=\"_ _0\"></span>nh<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>ntl<span class=\"_ _0\"></span>y ill<span class=\"_ _0\"></span>iqu<span class=\"_ _0\"></span>id for<span class=\"_ _0\"></span>ms of<span class=\"_ _0\"></span> </td><td class=\"t m2 x5ee h1a y42e3 ff3 fs6 fc1 sc0 ls112 ws1e\">Institu<span class=\"_ _0\"></span>tional Reti<span class=\"_ _0\"></span>remen<span class=\"_ _0\"></span>t </td><td class=\"t m2 x5ef hc y42e4 ff4 fs6 fc1 sc0 ls56 ws55\">will<span class=\"_ _0\"></span>ing to take advan<span class=\"_ _0\"></span>tag<span class=\"_ _0\"></span>e of the prem<span class=\"_ _0\"></span>ium of<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>d by illiq<span class=\"_ _0\"></span>uid ass<span class=\"_ _0\"></span>ets<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p, </td></tr><tr><td class=\"t m2 x206 hc y42e5 ff4 fs6 fc1 sc0 ls56 ws55\">inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t, wit<span class=\"_ _0\"></span>h limi<span class=\"_ _0\"></span>ted se<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y ma<span class=\"_ _0\"></span>rket<span class=\"_ _0\"></span>s to <span class=\"_ _1\"></span>real<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span> </td><td class=\"t m2 x5ee h1a y42e6 ff3 fs6 fc1 sc0 ls56 ws0\">and R<span class=\"_ _0\"></span>eta<span class=\"_ _0\"></span>il<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x5ef hc y42e7 ff4 fs6 fc1 sc0 ls56 ws55\">howev<span class=\"_ _0\"></span>er, sets limi<span class=\"_ _0\"></span>ts on the over<span class=\"_ _0\"></span>all exp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ure to illiq<span class=\"_ _0\"></span>uid inve<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts tak<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g </td></tr><tr><td class=\"t m2 x206 hc y42e8 ff4 fs6 fc1 sc0 ls56 ws55\">the<span class=\"_ gs5e1\"> </span>v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e of assets ou<span class=\"_ _0\"></span>tsi<span class=\"_ _0\"></span>de agr<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>d rede<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n term<span class=\"_ _0\"></span>s.<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m2 x5ef hc y42e9 ff4 fs6 fc1 sc0 ls56 ws55\">acc<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>unt of the natu<span class=\"_ _0\"></span>re and t<span class=\"_ _0\"></span>yp<span class=\"_ _0\"></span>e of liabili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es that th<span class=\"_ _0\"></span>e asset<span class=\"_ _0\"></span>s are held to mee<span class=\"_ _0\"></span>t.<span class=\"_ _3b2\"> </span></td></tr></table>As at 31 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>24, the G<span class=\"_ _0\"></span>roup had \u00a3<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>,757m (2023<span class=\"_ _0\"></span>: \u00a34,<span class=\"_ _0\"></span>23<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>m) <span class=\"_ _1\"></span>of cash and c<span class=\"_ _0\"></span>ash eq<span class=\"_ _0\"></span>uival<span class=\"_ _0\"></span>ents in sh<span class=\"_ _0\"></span>areh<span class=\"_ _0\"></span>old<span class=\"_ _0\"></span>er fu<span class=\"_ _0\"></span>nds an<span class=\"_ _0\"></span>d a \u00a31<span class=\"_ _1\"></span>.5bn sy<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>cated<span class=\"_ _0\"></span> co<span class=\"_ _0\"></span>mmi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ted revolv<span class=\"_ _0\"></span>ing cr<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>t facili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y in plac<span class=\"_ _0\"></span>e, provi<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d by a numbe<span class=\"_ _0\"></span>r of its key relations<span class=\"_ _0\"></span>hip ban<span class=\"_ _0\"></span>ks, ma<span class=\"_ _0\"></span>turi<span class=\"_ _0\"></span>ng in Augu<span class=\"_ _0\"></span>st 20<span class=\"_ _0\"></span>29.<span class=\"_ _3b2\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLiquidityRiskExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-593": {
   "value": "<div class=\"t m2 he ff1 fs8 fc2 sc0 ls1 ws0 gs5ea\">9<span class=\"_ _1c\"></span><span class=\"ls8d\">.<span class=\"_ _21b\"> </span>Balance sh<span class=\"_ _1\"></span>eet analysis<span class=\"_ _3b2\"> </span></span></div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs5eb\">Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p has c<span class=\"_ _0\"></span>atego<span class=\"_ _0\"></span>ris<span class=\"_ _0\"></span>ed it<span class=\"_ _0\"></span>s asse<span class=\"_ _0\"></span>ts and li<span class=\"_ _0\"></span>abili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s in the fo<span class=\"_ _0\"></span>llowin<span class=\"_ _0\"></span>g disc<span class=\"_ _0\"></span>losu<span class=\"_ _0\"></span>re in ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>rdan<span class=\"_ _0\"></span>ce w<span class=\"_ _0\"></span>ith th<span class=\"_ _0\"></span>e leve<span class=\"_ _0\"></span>l of share<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>lde<span class=\"_ _0\"></span>r exp<span class=\"_ _0\"></span>osu<span class=\"_ _0\"></span>re to market<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs5ec\">and<span class=\"_ gsec\"> </span>c<span class=\"_ _0\"></span>redi<span class=\"_ _0\"></span>t risks<span class=\"_ _0\"></span>. Variou<span class=\"_ _0\"></span>s reinsu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce an<span class=\"_ _0\"></span>d hedg<span class=\"_ _0\"></span>ing ar<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts are in plac<span class=\"_ _0\"></span>e as mec<span class=\"_ _0\"></span>hanis<span class=\"_ _0\"></span>ms to mitigate the r<span class=\"_ _0\"></span>isks<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs5ed\">Th<span class=\"_ _0\"></span>e two categ<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>isatio<span class=\"_ _0\"></span>ns pres<span class=\"_ _0\"></span>ente<span class=\"_ _0\"></span>d are:<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h15 ff1 fs5 fc2 sc0 ls43 wsc1 gs5ee\">U<span class=\"_ _1\"></span>ni<span class=\"_ _1\"></span>t<span class=\"_ _1\"></span> linked<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs5ef\">For uni<span class=\"_ _0\"></span>t linked c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>ts, th<span class=\"_ _0\"></span>ere is a direc<span class=\"_ _0\"></span>t link be<span class=\"_ _0\"></span>twe<span class=\"_ _0\"></span>en th<span class=\"_ _0\"></span>e investm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s and the ob<span class=\"_ _0\"></span>ligati<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>. Uni<span class=\"_ _0\"></span>t linked bu<span class=\"_ _0\"></span>sine<span class=\"_ _0\"></span>ss is wri<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ten in both Leg<span class=\"_ _0\"></span>al and </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs5f0\">Gen<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Ass<span class=\"_ _0\"></span>uran<span class=\"_ _0\"></span>ce S<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>iet<span class=\"_ _0\"></span>y L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted and Leg<span class=\"_ _0\"></span>al and Ge<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>ral As<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e (Pen<span class=\"_ _0\"></span>sion<span class=\"_ _0\"></span>s Mana<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ent) Li<span class=\"_ _0\"></span>mited<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial risk o<span class=\"_ _0\"></span>n these c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>s </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs5f1\">is<span class=\"_ gsec\"> </span>bo<span class=\"_ _0\"></span>rne by the p<span class=\"_ _0\"></span>olic<span class=\"_ _0\"></span>yh<span class=\"_ _0\"></span>old<span class=\"_ _0\"></span>ers<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p is therefore not di<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>tly exp<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>d to any market risk<span class=\"_ _0\"></span>, cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>y risk or cre<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t risk for thes<span class=\"_ _0\"></span>e con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts.<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs5f2\">As<span class=\"_ gsec\"> </span>a<span class=\"_ gsec\"> </span>res<span class=\"_ _0\"></span>ult<span class=\"_ _0\"></span>, risk dis<span class=\"_ _0\"></span>clo<span class=\"_ _0\"></span>sure<span class=\"_ _0\"></span>s have not bee<span class=\"_ _0\"></span>n prese<span class=\"_ _0\"></span>nted for uni<span class=\"_ _0\"></span>t linked ass<span class=\"_ _0\"></span>ets and lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h15 ff1 fs5 fc2 sc0 ls58 ws8a gs5f3\">Sha<span class=\"_ _0\"></span>reholder<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs5f4\">All no<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>it linke<span class=\"_ _0\"></span>d assets are c<span class=\"_ _0\"></span>lassi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ed as share<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>lde<span class=\"_ _0\"></span>r asse<span class=\"_ _0\"></span>ts. S<span class=\"_ _0\"></span>hare<span class=\"_ _0\"></span>hol<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>s of the Grou<span class=\"_ _0\"></span>p are direc<span class=\"_ _0\"></span>tly exp<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>d to market and cr<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>t risk on th<span class=\"_ _0\"></span>ese </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs5f5\">asse<span class=\"_ _0\"></span>ts, in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>ding th<span class=\"_ _0\"></span>ose ba<span class=\"_ _0\"></span>ck<span class=\"_ _0\"></span>ing the n<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>nit lin<span class=\"_ _0\"></span>ked busin<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs5f6\">Th<span class=\"_ _0\"></span>e table b<span class=\"_ _0\"></span>elow pre<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>ts an analy<span class=\"_ _0\"></span>sis of the balan<span class=\"_ _0\"></span>ce sh<span class=\"_ _0\"></span>eet by cate<span class=\"_ _0\"></span>gor<span class=\"_ _3\"></span>y<span class=\"_ _1\"></span>. The qu<span class=\"_ _0\"></span>anti<span class=\"_ _0\"></span>tati<span class=\"_ _0\"></span>ve risk disc<span class=\"_ _0\"></span>losu<span class=\"_ _0\"></span>res in Notes 1<span class=\"_ _1\"></span>6 and 1<span class=\"_ _1\"></span>7 have bee<span class=\"_ _0\"></span>n provid<span class=\"_ _0\"></span>ed </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs5f7\">usin<span class=\"_ _0\"></span>g this categ<span class=\"_ _0\"></span>oris<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n.<span class=\"_ _3b2\"> </span></div><div class=\"gs5f8\"><table class=\"s w154 h14c\" id=\"_d79f3afa-def6-4cef-bbb0-feaf0cffb4d3\"><tr><td></td><td class=\"t m2 x5f2 h13 y42ea ff5 fs9 fc1 sc0 ls3b ws45\">Shareholder<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x27f h13 y42ea ff5 fs9 fc1 sc0 ls18 ws0\">Un<span class=\"_ _0\"></span>it l<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>nke<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 h13 y42ea ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 h13 y42eb ff5 fs9 fc1 sc0 ls18 ws0\">As a<span class=\"_ _0\"></span>t 31 De<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>4<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x433 h13 y42eb ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 h13 y42eb ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 h13 y42eb ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 hb y42ec ff5 fs6 fc1 sc0 ls12e ws142\">Assets<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y42ed w1c5 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls114 ws10d\">Good<span class=\"_ _0\"></span>will and Intangibl<span class=\"_ _0\"></span>e assets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5f3 y42ed w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">480<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5f4 y42ed wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5f5 y42ed w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">480<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y42ee w7d h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t in as<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>tes an<span class=\"_ _0\"></span>d joi<span class=\"_ _0\"></span>nt ven<span class=\"_ _0\"></span>tur<span class=\"_ _0\"></span>es ac<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ted fo<span class=\"_ _0\"></span>r usi<span class=\"_ _0\"></span>ng th<span class=\"_ _0\"></span>e eq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5f6 y42ee w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">795<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5f7 y42ee w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">77<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5f8 y42ee w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">872<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y42ef w7e h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">Pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, plant an<span class=\"_ _0\"></span>d equi<span class=\"_ _0\"></span>pm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5f9 y42ef w4a h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">276<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1ff y42ef w4a h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">119<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5fa y42ef w4a h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">395<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y42f0 w1c6 h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 lsee wsf5\">Inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nts</div><div class=\"t m2 x5fb h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5fc y42f1 w89 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">151,741<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5fd y42f1 w89 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">370,289<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5fe y42f1 w89 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">522,030<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y42f2 w83 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10e ws54\">Reinsurance contract asset<span class=\"_ _1\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5ff y42f2 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">9,165<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x600 y42f2 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x601 y42f2 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">9,165<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y42f3 wd1 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls114 ws10d\">Oth<span class=\"_ _0\"></span>er assets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x602 y42f3 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">5,878<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x603 y42f3 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">5,347<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x604 y42f3 w2f h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">11,225<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40be w88 h11b\"><div class=\"t m2 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls1 ws23\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> assets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x605 y40be w89 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">168,335<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x606 y40be w81 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">375,832<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x607 y40be w81 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">544,167<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 hb y42f4 ff5 fs6 fc1 sc0 ls11e ws141\">Liabilities<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y42f5 w1c7 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls114 ws10d\">Contr<span class=\"_ _0\"></span>act liabiliti<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x608 y42f5 w2f h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">97,061<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x609 y42f5 w89 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">322,714<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x60a y42f5 w89 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">419,775<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41c7 w96 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Core borrowings<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x60b y41c7 w36 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">4,397<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x22d y41c7 w41 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(89)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x60c y41c7 w36 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">4,308<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y419e w97 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls130 ws12a\">Ope<span class=\"_ _0\"></span>ratio<span class=\"_ _0\"></span>nal bor<span class=\"_ _0\"></span>rowings<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x60d y419e w36 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">1,734<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x240 y419e w36 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">1,657<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x60e y419e w36 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">3,391<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41a9 w9c h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls114 ws10d\">Oth<span class=\"_ _0\"></span>er liabilitie<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x60f y41a9 w2f h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">61,650<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x610 y41a9 w2f h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">51,532<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x611 y41a9 w89 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">113,182<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w9e h11b\"><div class=\"t m2 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls1 ws23\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> liabilities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x612 y40ae w89 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">164,842<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x613 y40ae w89 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">375,814<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x614 y40ae w89 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">540,656<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"gs5f9\"><table class=\"s w109 h14d\" id=\"_87be4b0b-27e4-476b-8622-4d024520d077\"><tr><td></td><td class=\"t m2 x4c4 hf y42f6 ff3 fs9 fc1 sc0 ls29 ws30\">Shareholder<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x615 hf y42f6 ff3 fs9 fc1 sc0 ls18 ws0\">Un<span class=\"_ _0\"></span>it li<span class=\"_ _0\"></span>nke<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y42f6 ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 hf y42f7 ff3 fs9 fc1 sc0 ls18 ws0\">As a<span class=\"_ _0\"></span>t 31 De<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>3<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x433 hf y42f7 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 hf y42f7 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y42f7 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 h1a y42f8 ff3 fs6 fc1 sc0 ls10e ws11c\">Assets<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y41cd w1c5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls114 ws10d\">Good<span class=\"_ _0\"></span>will and Intangibl<span class=\"_ _0\"></span>e assets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x616 y41cd w4b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">550<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x617 y41cd wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x579 y41cd w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">550<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41ce w7d h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t in as<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>tes an<span class=\"_ _0\"></span>d joi<span class=\"_ _0\"></span>nt ven<span class=\"_ _0\"></span>tur<span class=\"_ _0\"></span>es ac<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ted fo<span class=\"_ _0\"></span>r usi<span class=\"_ _0\"></span>ng th<span class=\"_ _0\"></span>e eq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x618 y41ce w4b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">616<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x619 y41ce wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x411 y41ce w4b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">616<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ba w7e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">Pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, plant an<span class=\"_ _0\"></span>d equi<span class=\"_ _0\"></span>pm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x61a y40ba w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">315<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x61b y40ba w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">118<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x61c y40ba w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">433<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y416b w1c6 h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 lsee wsf5\">Inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nts</div><div class=\"t m2 x5fb h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x61d y42f1 w82 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">133,865<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x61e y42f1 w82 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">366,946<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x61f y42f1 w82 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">500,811<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41d1 w83 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws54\">Reinsurance contract asset<span class=\"_ _1\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x620 y41d1 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">7,306<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x621 y41d1 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x622 y41d1 w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">7,306<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40bd wd1 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls114 ws10d\">Oth<span class=\"_ _0\"></span>er assets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x623 y40bd w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">8,414<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x624 y40bd w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,965<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x625 y40bd wd3 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">12,379<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40be w1c8 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls114 ws10d\">T<span class=\"_ _1\"></span>otal assets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x626 y40be w82 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">151,066<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x627 y40be w82 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">371,029<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x628 y40be w82 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">522,095<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 h1a y42f9 ff3 fs6 fc1 sc0 ls10a ws118\">Liabilities<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y40c1 w1c7 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls114 ws10d\">Contr<span class=\"_ _0\"></span>act liabiliti<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x629 y40c1 w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">92,664<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x62a y40c1 w82 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">315,874<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x62b y40c1 w82 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">408,538<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y419a w96 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">Core borrowings<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x62c y419a w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">4,377<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x62d y419a w5a h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(97)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x62e y419a w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">4,280<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w97 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls130 ws12a\">Ope<span class=\"_ _0\"></span>ratio<span class=\"_ _0\"></span>nal bor<span class=\"_ _0\"></span>rowings<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x62f y4121 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,457<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x630 y4121 w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">383<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x622 y4121 w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,840<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ac w9c h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls114 ws10d\">Oth<span class=\"_ _0\"></span>er liabilitie<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x629 y40ac w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">47,757<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x631 y40ac w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">54,896<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x266 y40ac w82 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">102,653<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w1c9 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls114 ws10d\">T<span class=\"_ _1\"></span>otal liabilities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x632 y40ae w82 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">146,255<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x633 y40ae w82 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">371,056<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x634 y40ae w82 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">517,311<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs5fa\">1.<span class=\"_ _1d\"> </span>Inv<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ts i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>es fi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>al i<span class=\"_ _0\"></span>nve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s, i<span class=\"_ _0\"></span>nve<span class=\"_ _0\"></span>s<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>p<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>y an<span class=\"_ _0\"></span>d ca<span class=\"_ _0\"></span>sh a<span class=\"_ _0\"></span>nd c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sh e<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>val<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s.</div>",
   "dimensions": {
    "concept": "legalandgeneral:DisclosureOfBalanceSheetAnalysis",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-594": {
   "value": "<div class=\"t m2 he ff1 fs8 fc2 sc0 ls192 ws1b6 gs5fc\">10<span class=\"lsa5 ws91\">. <span class=\"_ _20\"> </span>I<span class=\"_ _0\"></span>nta<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span> a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></span></div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs5fd\">Intan<span class=\"_ _0\"></span>gib<span class=\"_ _0\"></span>le ass<span class=\"_ _0\"></span>ets ma<span class=\"_ _0\"></span>inly c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>sist of c<span class=\"_ _0\"></span>api<span class=\"_ _0\"></span>talise<span class=\"_ _0\"></span>d sof<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ware c<span class=\"_ _0\"></span>osts a<span class=\"_ _0\"></span>nd in<span class=\"_ _0\"></span>tang<span class=\"_ _0\"></span>ibl<span class=\"_ _0\"></span>e asse<span class=\"_ _0\"></span>ts acq<span class=\"_ _0\"></span>uire<span class=\"_ _0\"></span>d as par<span class=\"_ _3\"></span>t of a busin<span class=\"_ _0\"></span>ess c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>binat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs5fe\">(custome<span class=\"_ _0\"></span>r<span class=\"_ gsec\"> </span>relat<span class=\"_ _0\"></span>ions<span class=\"_ _0\"></span>hips an<span class=\"_ _0\"></span>d bran<span class=\"_ _0\"></span>d). A<span class=\"_ _0\"></span>mor<span class=\"_ _3\"></span>tisati<span class=\"_ _0\"></span>on cha<span class=\"_ _0\"></span>rges an<span class=\"_ _0\"></span>d any impai<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>ents are re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed in the C<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>olid<span class=\"_ _0\"></span>ated Inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e S<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nt </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs5ff\">in<span class=\"_ gsec\"> </span>O<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r<span class=\"_ gsec\"> </span>exp<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>es (see Note 4).<span class=\"_ _3b2\"> </span></div><div class=\"gs600\"><table class=\"s w1d6 h14f\" id=\"_da574b41-661c-49df-b1ab-174cc9d37fbd\"><tr><td></td><td class=\"t m2 x45d h13 y4307 ff5 fs9 fc1 sc0 ls1 ws0\">Capitalise<span class=\"_ _0\"></span>d </td><td></td><td></td></tr><tr><td></td><td class=\"c x657 y4308 w1d7 h123\"><div class=\"t m2 x1ca h13 y40ef ff5 fs9 fc1 sc0 ls38 ws3b\">software costs</div><div class=\"t m2 x656 h99 y40f0 ff5 fs1b fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"t m2 x658 h13 y4309 ff5 fs9 fc1 sc0 ls38 ws3a\">Other<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 h13 y4309 ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x431 h13 y430a ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c6 h13 y430a ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 h13 y430a ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x433 h13 y430b ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 h13 y430b ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 h13 y430b ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 hb y430c ff5 fs6 fc1 sc0 ls113 ws11f\">Cost<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y430d w1d8 h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws0\">As a<span class=\"_ _0\"></span>t 1 Ja<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x659 y430d w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">593<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x65a y430d w7b h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">36<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x65b y430d w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">629<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y430e w1cd h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 lsea ws122\">Additions<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x65c y430e w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">53<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5c2 y430e wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x65d y430e w70 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">53<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y430f w1ce h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls180 ws19b\">Disposals<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x65e y430f w67 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(6)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x65f y430f waf h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(25)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x660 y430f w41 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(31)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4168 w1d9 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Inc<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>ase d<span class=\"_ _0\"></span>ue to cu<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>cy tr<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>lati<span class=\"_ _0\"></span>on<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x661 y4168 w59 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x662 y4168 wa6 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x663 y4168 w59 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y4310 w1da h126\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls94 ws63\">Ot<span class=\"_ _0\"></span>her m<span class=\"_ _0\"></span>ovem<span class=\"_ _0\"></span>ents</div><div class=\"t m2 x664 h5a y4138 ff3 fs1c fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x213 y4311 wa5 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x665 y4311 w41 h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">(11)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x666 y4311 w41 h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">(11)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4312 w1db h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls12e wsca\">As at<span class=\"_ _1\"></span> 31<span class=\"_ _1\"></span> December<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x667 y4312 w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">642<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x668 y4312 wa5 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x669 y4312 w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">642<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 hb y4313 ff5 fs6 fc1 sc0 ls1 ws23\">Accumulated amortisation and impairment<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4314 w1d8 h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws0\">As a<span class=\"_ _0\"></span>t 1 Ja<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x66a y4314 w3a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">(142)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x65f y4314 waf h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">(10)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x66b y4314 w3a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">(152)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40bd w1d1 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls113 ws5b\">Amor<span class=\"_ _0\"></span>tisat<span class=\"_ _1\"></span>ion f<span class=\"_ _1\"></span>or the<span class=\"_ _1\"></span> year<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x66c y40bd w41 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(56)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x66d y40bd wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x66e y40bd w41 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(56)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4315 w1d2 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws118\">Impairment<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x66f y4315 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x648 y4315 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x670 y4315 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40bf w1ce h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls180 ws19b\">Disposals<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x671 y40bf wa8 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">6<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x672 y40bf wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x673 y40bf w59 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">6<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y41dd w1da h126\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls94 ws63\">Ot<span class=\"_ _0\"></span>her m<span class=\"_ _0\"></span>ovem<span class=\"_ _0\"></span>ents</div><div class=\"t m2 x664 h5a y4138 ff3 fs1c fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x213 y4316 wa5 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x674 y4316 w7b h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">10<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x675 y4316 w7b h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">10<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4317 w1db h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls12e wsca\">As at<span class=\"_ _1\"></span> 31<span class=\"_ _1\"></span> December<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x676 y4317 w3a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">(192)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x677 y4317 wa6 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x678 y4317 w3a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">(192)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4318 w1dc h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l ne<span class=\"_ _0\"></span>t boo<span class=\"_ _0\"></span>k val<span class=\"_ _0\"></span>ue as at 31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>er<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x679 y4318 w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">450<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x67a y4318 wa5 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x67b y4318 w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">450<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4158 w1d4 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">T<span class=\"_ _1\"></span>o be am<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d wi<span class=\"_ _0\"></span>thi<span class=\"_ _0\"></span>n 1<span class=\"_ _1\"></span>2 mo<span class=\"_ _0\"></span>nth<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x67c y4158 w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">47<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w1d5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">T<span class=\"_ _1\"></span>o be am<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d af<span class=\"_ _0\"></span>ter 12 mon<span class=\"_ _0\"></span>ths<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x67d y40ae w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">403<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"gs601\"><table class=\"s w1ca h14e\" id=\"_c375922b-8117-48dd-bf80-339f6849a9da\"><tr><td></td><td class=\"t m2 x493 hf y42fa ff3 fs9 fc1 sc0 ls189 ws1ab\">Capitalised </td><td></td><td></td></tr><tr><td></td><td class=\"c x636 y42fb w1cb h11e\"><div class=\"t m2 x1ca hf y40a5 ff3 fs9 fc1 sc0 ls168 ws123\">software costs</div><div class=\"t m2 x635 ha4 y410d ff3 fs1b fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"t m2 x463 hf y42fc ff3 fs9 fc1 sc0 ls1b ws1f\">Other<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y42fc ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x637 hf y42fd ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c6 hf y42fd ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y42fd ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x433 hf y42fe ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 hf y42fe ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y42fe ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 h1a y42ff ff3 fs6 fc1 sc0 ls10a ws118\">Cost<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4300 w1cc h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">As at 1 J<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>uar<span class=\"_ _3\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5da y4300 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">520<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x638 y4300 w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">35<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x639 y4300 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">555<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4301 w1cd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 lsea ws122\">Additions<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x63a y4301 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">100<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x63b y4301 w50 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x63c y4301 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">101<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40b8 w1ce h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls180 ws19b\">Disposals<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x63d y40b8 w5a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(23)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x63e y40b8 wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x350 y40b8 w71 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(23)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4302 w1cf h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">De<span class=\"_ _0\"></span>cr<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>e due to c<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cy t<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>sla<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x63f y4302 w6a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(4)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x640 y4302 wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x641 y4302 w6a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(4)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ba w1d0 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">As at 3<span class=\"_ _0\"></span>1 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x642 y40ba w4b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">593<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x643 y40ba w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">36<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3b2 y40ba w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">629<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 h1a y4303 ff3 fs6 fc1 sc0 ls113 ws5b\">Accumulat<span class=\"_ _1\"></span>ed a<span class=\"_ _1\"></span>mor<span class=\"_ _0\"></span>tisat<span class=\"_ _1\"></span>ion and<span class=\"_ _1\"></span> impairmen<span class=\"_ _1\"></span>t<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4304 w1cc h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">As at 1 J<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>uar<span class=\"_ _3\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x644 y4304 w3b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(109)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x645 y4304 w6a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(5)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x646 y4304 w4d h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(114)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40be w1d1 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls113 ws5b\">Amor<span class=\"_ _0\"></span>tisat<span class=\"_ _1\"></span>ion f<span class=\"_ _1\"></span>or the<span class=\"_ _1\"></span> year<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x647 y40be w71 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(48)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x648 y40be wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x649 y40be w71 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(48)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4305 w1d2 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws118\">Impairment<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x64a y4305 w6a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(1)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x64b y4305 w6a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(5)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x64c y4305 wc0 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(6)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c0 w1ce h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls180 ws19b\">Disposals<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x231 y40c0 w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">16<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x64d y40c0 wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x64e y40c0 w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">16<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4306 w1d0 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">As at 3<span class=\"_ _0\"></span>1 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x64f y4306 w3b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(142)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x650 y4306 w5a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(10)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x651 y4306 w4d h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(152)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4193 w1d3 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">T<span class=\"_ _1\"></span>otal ne<span class=\"_ _0\"></span>t bo<span class=\"_ _0\"></span>ok v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e as at 31 D<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x652 y4193 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">451<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x653 y4193 w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">26<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x654 y4193 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">477<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4158 w1d4 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">T<span class=\"_ _1\"></span>o be am<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d wi<span class=\"_ _0\"></span>thi<span class=\"_ _0\"></span>n 1<span class=\"_ _1\"></span>2 mo<span class=\"_ _0\"></span>nth<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x4b5 y4158 w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">57<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w1d5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">T<span class=\"_ _1\"></span>o be am<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d af<span class=\"_ _0\"></span>ter 12 mon<span class=\"_ _0\"></span>ths<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x655 y40ae w4b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">420<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs602\">1. <span class=\"_ _15\"> </span>T<span class=\"_ _1\"></span>ot<span class=\"_ _0\"></span>al c<span class=\"_ _0\"></span>ap<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>lis<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d sof<span class=\"_ _3\"></span>tw<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ts i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>e \u00a3<span class=\"_ _0\"></span>213m of w<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>k i<span class=\"_ _0\"></span>n pr<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>s as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t we<span class=\"_ _0\"></span>re n<span class=\"_ _0\"></span>ot y<span class=\"_ _0\"></span>et a<span class=\"_ _0\"></span>vai<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>le fo<span class=\"_ _0\"></span>r u<span class=\"_ _0\"></span>se as a<span class=\"_ _0\"></span>t 31 D<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>4 (31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3: \u00a3<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>3m).<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs603\">2. <span class=\"_ _15\"> </span>O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er m<span class=\"_ _0\"></span>ove<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s pr<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ly r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>fle<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ova<span class=\"_ _0\"></span>l of f<span class=\"_ _0\"></span>ul<span class=\"_ _0\"></span>ly a<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d ass<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ts t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t ar<span class=\"_ _0\"></span>e no l<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r in u<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIntangibleAssetsAndGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-650": {
   "value": "10<span class=\"lsa5 ws91\">. <span class=\"_ _20\"> </span>I<span class=\"_ _0\"></span>nta<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span> a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></span>Intan<span class=\"_ _0\"></span>gib<span class=\"_ _0\"></span>le ass<span class=\"_ _0\"></span>ets ma<span class=\"_ _0\"></span>inly c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>sist of c<span class=\"_ _0\"></span>api<span class=\"_ _0\"></span>talise<span class=\"_ _0\"></span>d sof<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ware c<span class=\"_ _0\"></span>osts a<span class=\"_ _0\"></span>nd in<span class=\"_ _0\"></span>tang<span class=\"_ _0\"></span>ibl<span class=\"_ _0\"></span>e asse<span class=\"_ _0\"></span>ts acq<span class=\"_ _0\"></span>uire<span class=\"_ _0\"></span>d as par<span class=\"_ _3\"></span>t of a busin<span class=\"_ _0\"></span>ess c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>binat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span> (custome<span class=\"_ _0\"></span>r<span class=\"_ gsec\"> </span>relat<span class=\"_ _0\"></span>ions<span class=\"_ _0\"></span>hips an<span class=\"_ _0\"></span>d bran<span class=\"_ _0\"></span>d). A<span class=\"_ _0\"></span>mor<span class=\"_ _3\"></span>tisati<span class=\"_ _0\"></span>on cha<span class=\"_ _0\"></span>rges an<span class=\"_ _0\"></span>d any impai<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>ents are re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed in the C<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>olid<span class=\"_ _0\"></span>ated Inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e S<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nt in<span class=\"_ gsec\"> </span>O<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r<span class=\"_ gsec\"> </span>exp<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>es (see Note 4).<span class=\"_ _3b2\"> </span><table class=\"s w1d6 h14f\" id=\"_da574b41-661c-49df-b1ab-174cc9d37fbd\"><tr><td></td><td class=\"t m2 x45d h13 y4307 ff5 fs9 fc1 sc0 ls1 ws0\">Capitalise<span class=\"_ _0\"></span>d </td><td></td><td></td></tr><tr><td></td><td class=\"c x657 y4308 w1d7 h123\"><div class=\"t m2 x1ca h13 y40ef ff5 fs9 fc1 sc0 ls38 ws3b\">software costs</div><div class=\"t m2 x656 h99 y40f0 ff5 fs1b fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"t m2 x658 h13 y4309 ff5 fs9 fc1 sc0 ls38 ws3a\">Other<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 h13 y4309 ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x431 h13 y430a ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c6 h13 y430a ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 h13 y430a ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x433 h13 y430b ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 h13 y430b ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 h13 y430b ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 hb y430c ff5 fs6 fc1 sc0 ls113 ws11f\">Cost<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y430d w1d8 h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws0\">As a<span class=\"_ _0\"></span>t 1 Ja<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x659 y430d w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">593<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x65a y430d w7b h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">36<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x65b y430d w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">629<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y430e w1cd h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 lsea ws122\">Additions<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x65c y430e w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">53<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5c2 y430e wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x65d y430e w70 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">53<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y430f w1ce h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls180 ws19b\">Disposals<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x65e y430f w67 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(6)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x65f y430f waf h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(25)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x660 y430f w41 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(31)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4168 w1d9 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Inc<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>ase d<span class=\"_ _0\"></span>ue to cu<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>cy tr<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>lati<span class=\"_ _0\"></span>on<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x661 y4168 w59 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x662 y4168 wa6 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x663 y4168 w59 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y4310 w1da h126\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls94 ws63\">Ot<span class=\"_ _0\"></span>her m<span class=\"_ _0\"></span>ovem<span class=\"_ _0\"></span>ents</div><div class=\"t m2 x664 h5a y4138 ff3 fs1c fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x213 y4311 wa5 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x665 y4311 w41 h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">(11)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x666 y4311 w41 h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">(11)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4312 w1db h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls12e wsca\">As at<span class=\"_ _1\"></span> 31<span class=\"_ _1\"></span> December<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x667 y4312 w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">642<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x668 y4312 wa5 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x669 y4312 w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">642<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 hb y4313 ff5 fs6 fc1 sc0 ls1 ws23\">Accumulated amortisation and impairment<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4314 w1d8 h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws0\">As a<span class=\"_ _0\"></span>t 1 Ja<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x66a y4314 w3a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">(142)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x65f y4314 waf h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">(10)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x66b y4314 w3a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">(152)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40bd w1d1 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls113 ws5b\">Amor<span class=\"_ _0\"></span>tisat<span class=\"_ _1\"></span>ion f<span class=\"_ _1\"></span>or the<span class=\"_ _1\"></span> year<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x66c y40bd w41 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(56)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x66d y40bd wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x66e y40bd w41 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(56)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4315 w1d2 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws118\">Impairment<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x66f y4315 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x648 y4315 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x670 y4315 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40bf w1ce h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls180 ws19b\">Disposals<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x671 y40bf wa8 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">6<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x672 y40bf wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x673 y40bf w59 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">6<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y41dd w1da h126\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls94 ws63\">Ot<span class=\"_ _0\"></span>her m<span class=\"_ _0\"></span>ovem<span class=\"_ _0\"></span>ents</div><div class=\"t m2 x664 h5a y4138 ff3 fs1c fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x213 y4316 wa5 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x674 y4316 w7b h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">10<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x675 y4316 w7b h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">10<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4317 w1db h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls12e wsca\">As at<span class=\"_ _1\"></span> 31<span class=\"_ _1\"></span> December<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x676 y4317 w3a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">(192)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x677 y4317 wa6 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x678 y4317 w3a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">(192)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4318 w1dc h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l ne<span class=\"_ _0\"></span>t boo<span class=\"_ _0\"></span>k val<span class=\"_ _0\"></span>ue as at 31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>er<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x679 y4318 w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">450<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x67a y4318 wa5 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x67b y4318 w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">450<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4158 w1d4 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">T<span class=\"_ _1\"></span>o be am<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d wi<span class=\"_ _0\"></span>thi<span class=\"_ _0\"></span>n 1<span class=\"_ _1\"></span>2 mo<span class=\"_ _0\"></span>nth<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x67c y4158 w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">47<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w1d5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">T<span class=\"_ _1\"></span>o be am<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d af<span class=\"_ _0\"></span>ter 12 mon<span class=\"_ _0\"></span>ths<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x67d y40ae w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">403<span class=\"_ _3b2\"> </span></div></td></tr></table><table class=\"s w1ca h14e\" id=\"_c375922b-8117-48dd-bf80-339f6849a9da\"><tr><td></td><td class=\"t m2 x493 hf y42fa ff3 fs9 fc1 sc0 ls189 ws1ab\">Capitalised </td><td></td><td></td></tr><tr><td></td><td class=\"c x636 y42fb w1cb h11e\"><div class=\"t m2 x1ca hf y40a5 ff3 fs9 fc1 sc0 ls168 ws123\">software costs</div><div class=\"t m2 x635 ha4 y410d ff3 fs1b fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"t m2 x463 hf y42fc ff3 fs9 fc1 sc0 ls1b ws1f\">Other<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y42fc ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x637 hf y42fd ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c6 hf y42fd ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y42fd ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x433 hf y42fe ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 hf y42fe ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y42fe ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 h1a y42ff ff3 fs6 fc1 sc0 ls10a ws118\">Cost<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4300 w1cc h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">As at 1 J<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>uar<span class=\"_ _3\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5da y4300 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">520<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x638 y4300 w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">35<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x639 y4300 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">555<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4301 w1cd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 lsea ws122\">Additions<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x63a y4301 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">100<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x63b y4301 w50 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x63c y4301 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">101<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40b8 w1ce h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls180 ws19b\">Disposals<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x63d y40b8 w5a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(23)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x63e y40b8 wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x350 y40b8 w71 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(23)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4302 w1cf h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">De<span class=\"_ _0\"></span>cr<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>e due to c<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cy t<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>sla<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x63f y4302 w6a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(4)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x640 y4302 wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x641 y4302 w6a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(4)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ba w1d0 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">As at 3<span class=\"_ _0\"></span>1 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x642 y40ba w4b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">593<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x643 y40ba w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">36<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3b2 y40ba w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">629<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 h1a y4303 ff3 fs6 fc1 sc0 ls113 ws5b\">Accumulat<span class=\"_ _1\"></span>ed a<span class=\"_ _1\"></span>mor<span class=\"_ _0\"></span>tisat<span class=\"_ _1\"></span>ion and<span class=\"_ _1\"></span> impairmen<span class=\"_ _1\"></span>t<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4304 w1cc h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">As at 1 J<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>uar<span class=\"_ _3\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x644 y4304 w3b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(109)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x645 y4304 w6a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(5)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x646 y4304 w4d h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(114)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40be w1d1 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls113 ws5b\">Amor<span class=\"_ _0\"></span>tisat<span class=\"_ _1\"></span>ion f<span class=\"_ _1\"></span>or the<span class=\"_ _1\"></span> year<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x647 y40be w71 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(48)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x648 y40be wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x649 y40be w71 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(48)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4305 w1d2 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws118\">Impairment<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x64a y4305 w6a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(1)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x64b y4305 w6a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(5)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x64c y4305 wc0 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(6)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c0 w1ce h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls180 ws19b\">Disposals<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x231 y40c0 w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">16<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x64d y40c0 wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x64e y40c0 w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">16<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4306 w1d0 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">As at 3<span class=\"_ _0\"></span>1 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x64f y4306 w3b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(142)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x650 y4306 w5a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(10)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x651 y4306 w4d h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(152)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4193 w1d3 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">T<span class=\"_ _1\"></span>otal ne<span class=\"_ _0\"></span>t bo<span class=\"_ _0\"></span>ok v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e as at 31 D<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x652 y4193 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">451<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x653 y4193 w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">26<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x654 y4193 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">477<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4158 w1d4 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">T<span class=\"_ _1\"></span>o be am<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d wi<span class=\"_ _0\"></span>thi<span class=\"_ _0\"></span>n 1<span class=\"_ _1\"></span>2 mo<span class=\"_ _0\"></span>nth<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x4b5 y4158 w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">57<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w1d5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">T<span class=\"_ _1\"></span>o be am<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d af<span class=\"_ _0\"></span>ter 12 mon<span class=\"_ _0\"></span>ths<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x655 y40ae w4b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">420<span class=\"_ _3b2\"> </span></div></td></tr></table>1. <span class=\"_ _15\"> </span>T<span class=\"_ _1\"></span>ot<span class=\"_ _0\"></span>al c<span class=\"_ _0\"></span>ap<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>lis<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d sof<span class=\"_ _3\"></span>tw<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ts i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>e \u00a3<span class=\"_ _0\"></span>213m of w<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>k i<span class=\"_ _0\"></span>n pr<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>s as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t we<span class=\"_ _0\"></span>re n<span class=\"_ _0\"></span>ot y<span class=\"_ _0\"></span>et a<span class=\"_ _0\"></span>vai<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>le fo<span class=\"_ _0\"></span>r u<span class=\"_ _0\"></span>se as a<span class=\"_ _0\"></span>t 31 D<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>4 (31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3: \u00a3<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>3m).<span class=\"_ _3b2\"> </span>2. <span class=\"_ _15\"> </span>O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er m<span class=\"_ _0\"></span>ove<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s pr<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ly r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>fle<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ova<span class=\"_ _0\"></span>l of f<span class=\"_ _0\"></span>ul<span class=\"_ _0\"></span>ly a<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d ass<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ts t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t ar<span class=\"_ _0\"></span>e no l<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r in u<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIntangibleAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-595": {
   "value": "<div class=\"t m2 he ff1 fs8 fc2 sc0 ls196 ws146 gs605\">11<span class=\"ls8d ws0\">.<span class=\"_ _bd\"> </span>Propert<span class=\"_ _0\"></span>y<span class=\"_ _4\"></span>, pl<span class=\"_ _1\"></span>ant and eq<span class=\"_ _1\"></span>uip<span class=\"_ _1\"></span>me<span class=\"_ _1\"></span>nt<span class=\"_ _3b2\"> </span></span></div><div class=\"gs606\"><table class=\"s w1dd h150\" id=\"_5a88836e-c80d-474e-ae38-745361fa9d52\"><tr><td></td><td></td><td class=\"c n x67e y4319 w1de h12b\"><div class=\"t m2 x1ca h13 y40ef ff5 fs9 fc1 sc0 ls1 ws0\">Right-of-use<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x67f y4319 w1df h12b\"><div class=\"t m2 x1ca h13 y40ef ff5 fs9 fc1 sc0 ls38 ws3a\">Owned<span class=\"_ _3b2\"> </span></div></td><td></td></tr><tr><td></td><td class=\"t m2 x680 h13 y431a ff5 fs9 fc1 sc0 ls3d ws86\">Office buildings<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x681 h13 y431a ff6 fs9 fc1 sc0 ls38 ws3a\">IT<span class=\"_ _3b2\"> </span></td><td class=\"c x683 y431b w187 h123\"><div class=\"t m2 x1ca h13 y40ef ff5 fs9 fc1 sc0 ls38 ws3a\">Other</div><div class=\"t m2 x682 h99 y40f0 ff5 fs1b fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c x685 y431b w1e0 h123\"><div class=\"t m2 x1ca h13 y40ef ff5 fs9 fc1 sc0 ls38 ws3a\">Other</div><div class=\"t m2 x684 h99 y40f0 ff5 fs1b fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"t m2 x1c7 h13 y431c ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x686 h13 y431d ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x430 h13 y431d ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x431 h13 y431e ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c6 h13 y431e ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 h13 y431e ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x5ef h13 y431f ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x432 h13 y431f ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x433 h13 y4320 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 h13 y4320 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 h13 y4320 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 hb y4321 ff5 fs6 fc1 sc0 ls11e ws141\">Cost<span class=\"_ _0\"></span>/<span class=\"_ _0\"></span>Valuation<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4301 w1d8 h116\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws0\">As a<span class=\"_ _0\"></span>t 1 Ja<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x687 y4301 w4a h116\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">215<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x688 y4301 w7b h116\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">35<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x689 y4301 w59 h116\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls1 ws0\">9<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x68a y4301 w4a h116\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">422<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x68b y4301 w4a h116\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">681<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y42ed w1cd h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 lsea ws122\">Additions<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x68c y42ed w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">11<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x68d y42ed wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x68e y42ed wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x68f y42ed w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">31<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x690 y42ed w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">42<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4322 w1ce h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls180 ws19b\">Disposals<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x691 y4322 w14c h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(23)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x692 y4322 wa6 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x693 y4322 w6d h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(2)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x694 y4322 w41 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(51)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x695 y4322 w41 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(76)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4323 w1d9 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Inc<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>ase d<span class=\"_ _0\"></span>ue to cu<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>cy tr<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>lati<span class=\"_ _0\"></span>on<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x696 y4323 w1e1 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x697 y4323 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x698 y4323 wa6 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x699 y4323 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x69a y4323 w59 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y42f0 w141 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 lsea ws122\">Othe<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x69b y42f0 w1e1 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x69c y42f0 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x69d y42f0 wa6 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x69e y42f0 w59 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3d3 y42f0 w59 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41d1 w1db h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls12e wsca\">As at<span class=\"_ _1\"></span> 31<span class=\"_ _1\"></span> December<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x69f y41d1 w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">205<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6a0 y41d1 w7b h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">35<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6a1 y41d1 w59 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6a2 y41d1 w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">403<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6a3 y41d1 w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">650<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 hb y4324 ff5 fs6 fc1 sc0 ls1 ws23\">Accumulated depreciation and<span class=\"_ _1\"></span> impairment<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y40bf w1d8 h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws0\">As a<span class=\"_ _0\"></span>t 1 Ja<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6a4 y40bf w3a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">(115)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6a5 y40bf w67 h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">(5)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x693 y40bf w6d h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">(4)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6a6 y40bf w3a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">(124)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6a7 y40bf w3a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">(248)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4325 w1e2 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">De<span class=\"_ _0\"></span>pre<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on fo<span class=\"_ _0\"></span>r the ye<span class=\"_ _0\"></span>ar<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6a8 y4325 w14c h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(18)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6a9 y4325 w6d h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(6)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6aa y4325 w67 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(2)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6ab y4325 w41 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(23)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6ac y4325 w41 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(49)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y42f5 w1d2 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws118\">Impairment<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6ad y42f5 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6ae y42f5 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6af y42f5 wa6 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6b0 y42f5 w41 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(14)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6b1 y42f5 waf h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(14)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4192 w1ce h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls180 ws19b\">Disposals<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6b2 y4192 w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">13<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x53f y4192 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6b3 y4192 wa8 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6b4 y4192 w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">41<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6b5 y4192 w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">56<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w1db h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls12e wsca\">As at<span class=\"_ _1\"></span> 31<span class=\"_ _1\"></span> December<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6b6 y4121 w3a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">(120)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5a2 y4121 w41 h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">(11)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6b7 y4121 w67 h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">(4)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6b8 y4121 w3a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">(120)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6b9 y4121 w3a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">(255)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w1dc h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l ne<span class=\"_ _0\"></span>t boo<span class=\"_ _0\"></span>k val<span class=\"_ _0\"></span>ue as at 31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>er<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6ba y40ae w7b h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">85<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6bb y40ae w7b h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">24<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6bc y40ae wa8 h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6bd y40ae w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">283<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6be y40ae w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">395<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"gs607\"><table class=\"s w1e3 h151\" id=\"_56e3c67a-b842-47c9-807a-ded02abcfd6d\"><tr><td></td><td></td><td class=\"c n x6bf y4326 w1e4 h11e\"><div class=\"t m2 x1ca hf y415b ff3 fs9 fc1 sc0 ls168 ws183\">Right-of-use<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x6c0 y4326 w1e5 h11e\"><div class=\"t m2 x1ca hf y415b ff3 fs9 fc1 sc0 ls189 ws1ab\">Owned<span class=\"_ _3b2\"> </span></div></td><td></td></tr><tr><td></td><td class=\"t m2 x6c1 hf y4327 ff3 fs9 fc1 sc0 ls187 ws41\">Off<span class=\"_ _0\"></span>ice buildings<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x681 hf y4327 ff3 fs9 fc1 sc0 ls37 ws7\">IT<span class=\"_ _3b2\"> </span></td><td class=\"c x6c3 y4328 w1e6 h11e\"><div class=\"t m2 x1ca hf y415b ff3 fs9 fc1 sc0 ls1b ws1f\">Other</div><div class=\"t m2 x6c2 ha4 y41ad ff3 fs1b fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c x6c5 y4328 w1e7 h11e\"><div class=\"t m2 x1ca hf y415b ff3 fs9 fc1 sc0 ls1b ws1f\">Other</div><div class=\"t m2 x6c4 ha4 y41ad ff3 fs1b fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"t m2 x1c7 hf y4329 ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x686 hf y432a ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x430 hf y432a ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x637 hf y432b ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c6 hf y432b ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y432b ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x5ef hf y432c ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x432 hf y432c ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x433 hf y432d ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 hf y432d ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y432d ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 hc y432e ff4 fs6 fc1 sc0 ls10a ws118\">Cost<span class=\"_ _0\"></span>/<span class=\"_ _0\"></span>Valuation<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y40b6 w1cc h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">As at 1 J<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>uar<span class=\"_ _3\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6c6 y40b6 w153 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">234<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6c7 y40b6 w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">57<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6c8 y40b6 w75 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6c9 y40b6 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">285<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x427 y40b6 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">579<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4301 w1cd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 lsea ws122\">Additions<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6ca y4301 w16b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6cb y4301 w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">35<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6cc y4301 w50 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">6<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6cd y4301 w4b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">171<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6ce y4301 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">216<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40b8 w1ce h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls180 ws19b\">Disposals<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6cf y40b8 wc3 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(20)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6d0 y40b8 w71 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(57)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6d1 y40b8 wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6d2 y40b8 w71 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(11)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6d3 y40b8 w5a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(88)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40b9 w1cf h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">De<span class=\"_ _0\"></span>cr<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>e due to c<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cy t<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>sla<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6d4 y40b9 w1e8 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(3)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6d5 y40b9 wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6d6 y40b9 wbf h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6d7 y40b9 w6a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(2)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6d8 y40b9 w6a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(5)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ba w1e9 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls112 ws6\">Revaluation<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6d9 y40ba wbe h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6da y40ba wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6db y40ba wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6dc y40ba w5a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(21)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6dd y40ba w5a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(21)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y42f1 w1d0 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">As at 3<span class=\"_ _0\"></span>1 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6de y42f1 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">215<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6df y42f1 w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">35<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1f3 y42f1 w50 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">9<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6e0 y42f1 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">422<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6e1 y42f1 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">681<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 h1a y432f ff3 fs6 fc1 sc0 ls11e ws5c\">Accumulat<span class=\"_ _1\"></span>ed depreciati<span class=\"_ _1\"></span>on and impa<span class=\"_ _1\"></span>irment<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y40be w1cc h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">As at 1 J<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>uar<span class=\"_ _3\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6e2 y40be wc3 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(94)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6e3 y40be w71 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(49)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6e4 y40be w6a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(3)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5a4 y40be w3b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(107)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6e5 y40be w3b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(253)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40bf w1e2 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">De<span class=\"_ _0\"></span>pre<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on fo<span class=\"_ _0\"></span>r the ye<span class=\"_ _0\"></span>ar<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6e6 y40bf w71 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(20)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6e7 y40bf w6a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(9)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6e8 y40bf wc0 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(1)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x419 y40bf w71 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(18)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x37c y40bf w71 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(48)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c0 w1d2 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws118\">Impairment<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6e9 y40c0 wc3 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(21)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6ea y40c0 wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6eb y40c0 wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x419 y40c0 w71 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(12)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x37c y40c0 w71 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(33)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c1 w1ce h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls180 ws19b\">Disposals<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6b2 y40c1 w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">20<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6ec y40c1 w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">53<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6ed y40c1 wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6ee y40c1 w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">11<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6ef y40c1 w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">84<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c2 w1cf h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">De<span class=\"_ _0\"></span>cr<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>e due to c<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cy t<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>sla<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6f0 y40c2 wbe h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6f1 y40c2 wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6f2 y40c2 wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6f3 y40c2 w50 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6f4 y40c2 w75 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w1d0 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">As at 3<span class=\"_ _0\"></span>1 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6f5 y4121 w3b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(115)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6f6 y4121 w6a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(5)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6f7 y4121 w6a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(4)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6f8 y4121 w3b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(124)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6f9 y4121 w4d h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(248)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w1d3 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">T<span class=\"_ _1\"></span>otal ne<span class=\"_ _0\"></span>t bo<span class=\"_ _0\"></span>ok v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e as at 31 D<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6fa y40ae w153 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">100<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6fb y40ae w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">30<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6bc y40ae w75 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">5<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6fc y40ae w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">298<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6fd y40ae w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">433<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs608\">1.<span class=\"_ _1d\"> </span>O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er r<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>gh<span class=\"_ _0\"></span>t-<span class=\"_ _3\"></span>of-<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>se a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ts c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>se o<span class=\"_ _0\"></span>f veh<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>nd o<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r bu<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ld<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>gs<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs609\">2.<span class=\"_ _1d\"> </span> <span class=\"_ _9\"></span>O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er o<span class=\"_ _0\"></span>wn<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ly i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>e la<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d, b<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>nd I<span class=\"_ _0\"></span>T, as wel<span class=\"_ _0\"></span>l as o<span class=\"_ _0\"></span>wn<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r-<span class=\"_ _3\"></span>oc<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y w<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>th a c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ng va<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>e of \u00a3<span class=\"_ _0\"></span>47m a<span class=\"_ _0\"></span>s at 31 D<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>4 (20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3: \u00a3<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>m) </div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs60a\">he<span class=\"_ _0\"></span>ld<span class=\"_ gs4cd\"> </span>u<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e fa<span class=\"_ _0\"></span>ir v<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>ue m<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-596": {
   "value": "<div class=\"t m2 he ff1 fs8 fc2 sc0 lsa7 ws93 gs60c\">12<span class=\"ls8d ws0\">. <span class=\"_ _14\"> </span>Financial i<span class=\"_ _0\"></span>nv<span class=\"_ _1\"></span>estm<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ts and inv<span class=\"_ _1\"></span>estme<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>t pro<span class=\"_ _1\"></span>pert<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></span></div><div class=\"gs606\"><table class=\"s w1ea h152\" id=\"_ec7ef4e2-7257-4be4-b7d8-a26f670250dc\"><tr><td></td><td></td><td class=\"t m2 x5f2 h13 y4330 ff5 fs9 fc1 sc0 ls3b ws45\">Shareholder<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x27f h13 y4330 ff5 fs9 fc1 sc0 ls18 ws0\">Un<span class=\"_ _0\"></span>it l<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>nke<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 h13 y4330 ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td></td><td class=\"t m2 x431 h13 y4331 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c6 h13 y4331 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 h13 y4331 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x6fe hf y4332 ff3 fs9 fc1 sc0 lsee wsf5\">Note<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x433 h13 y4332 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 h13 y4332 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 h13 y4332 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 hb y4333 ff6 fs6 fc1 sc0 ls56 ws55\">Fi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>l inve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s at fai<span class=\"_ _0\"></span>r val<span class=\"_ _0\"></span>ue cl<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ed as<span class=\"_ _0\"></span>:<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1cb y40ba w1eb h11a\"><div class=\"t m2 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls56 ws0\">Fair v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e thr<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>gh pr<span class=\"_ _0\"></span>ofi<span class=\"_ _0\"></span>t or l<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>s</div><div class=\"t m2 x6ff h5a y41a8 ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x700 y4334 w2f h116\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">79,233<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x701 y4334 w89 h116\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">346,753<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x702 y4334 w81 h116\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">425,986<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y42f1 w1ec h116\"><div class=\"t m2 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls56 ws0\">Fair v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e thr<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>gh oth<span class=\"_ _0\"></span>er c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>eh<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>ive i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x703 y42f1 w36 h116\"><div class=\"t m2 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls56 ws55\">1,922<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x619 y42f1 wa6 h116\"><div class=\"t m2 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x704 y42f1 w36 h116\"><div class=\"t m2 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls56 ws55\">1,922<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y41d1 w1ed h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Fair v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e thr<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>gh pr<span class=\"_ _0\"></span>ofi<span class=\"_ _0\"></span>t or l<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>s \u2013 de<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>vati<span class=\"_ _0\"></span>ves</div><div class=\"t m2 x705 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x700 y4335 w2f h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">49,195<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x706 y4335 w36 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">1,997<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x707 y4335 w2f h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">51,192<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y40bd w1ee h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Loa<span class=\"_ _0\"></span>ns at fa<span class=\"_ _0\"></span>ir val<span class=\"_ _0\"></span>ue t<span class=\"_ _0\"></span>hro<span class=\"_ _0\"></span>ug<span class=\"_ _0\"></span>h prof<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t or lo<span class=\"_ _0\"></span>ss</div><div class=\"t m2 x708 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x709 y4336 w36 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">2,630<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x70a y4336 w36 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">4,772<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x70b y4336 w36 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">7,402<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40be w1ef h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">Fi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>l inve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s at fai<span class=\"_ _0\"></span>r val<span class=\"_ _0\"></span>ue<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x70c y40be w1f0 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">12(i)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x70d y40be w89 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">132,980<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x70e y40be w89 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">353,522<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x70f y40be w81 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">486,502<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40bf w1f1 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">Debt securities at amortised cost<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x60b y40bf w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">8,965<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x710 y40bf wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x711 y40bf w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">8,965<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c0 w1f2 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Loa<span class=\"_ _0\"></span>ns at a<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>ed c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x712 y40c0 w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">84<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x713 y40c0 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x714 y40c0 w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">84<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4317 w1f3 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> financial <span class=\"_ _1\"></span>inv<span class=\"_ _1\"></span>estments<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x715 y4317 w81 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">142,029<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x716 y4317 w81 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">353,522<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x717 y4317 w89 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">495,551<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c2 w7f h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws23\">Inv<span class=\"_ _1\"></span>estment<span class=\"_ _1\"></span> property<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x718 y40c2 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">5,955<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x719 y40c2 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">3,867<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x71a y40c2 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">9,822<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4318 w1f4 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l fi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>l inve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s and in<span class=\"_ _0\"></span>ves<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x71b y4318 w89 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">147,984<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x71c y4318 w89 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">357,389<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x71d y4318 w81 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">505,373<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ac w1f5 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted to b<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>cove<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d wit<span class=\"_ _0\"></span>hin 12 mon<span class=\"_ _0\"></span>ths<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x71e y40ac w93 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">36,632<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w1f6 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted to b<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>cove<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d af<span class=\"_ _0\"></span>ter 12 mont<span class=\"_ _0\"></span>hs<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x71f y40ae w89 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">468,741<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"gs60d\"><table class=\"s w1f7 h153\" id=\"_93be7e6d-82de-4873-a894-4cd5186c9046\"><tr><td></td><td></td><td class=\"t m2 x4c4 hf y4337 ff3 fs9 fc1 sc0 ls29 ws30\">Shareholder<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x615 hf y4337 ff3 fs9 fc1 sc0 ls18 ws0\">Un<span class=\"_ _0\"></span>it li<span class=\"_ _0\"></span>nke<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y4337 ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td></td><td class=\"t m2 x637 hf y4338 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c6 hf y4338 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y4338 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x6fe hf y4339 ff3 fs9 fc1 sc0 lsee wsf5\">Note<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x433 hf y4339 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 hf y4339 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y4339 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 hc y433a ff4 fs6 fc1 sc0 ls56 ws55\">Fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>l inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s at fair value cla<span class=\"_ _0\"></span>ssi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ed as:<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1cb y41cf w1eb h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Fair v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e thr<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>gh pr<span class=\"_ _0\"></span>ofi<span class=\"_ _0\"></span>t or l<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>s</div><div class=\"t m2 x6ff h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x720 y40ba w3e h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">74,442<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x721 y40ba w82 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">335,466<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x722 y40ba w82 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">409,908<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y42f1 w1ec h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Fair v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e thr<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>gh oth<span class=\"_ _0\"></span>er c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>eh<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>ive i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x723 y42f1 w37 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x617 y42f1 wbd h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x724 y42f1 w30 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,022<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y41d0 w1ed h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Fair v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e thr<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>gh pr<span class=\"_ _0\"></span>ofi<span class=\"_ _0\"></span>t or l<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>s \u2013 de<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>vati<span class=\"_ _0\"></span>ves</div><div class=\"t m2 x705 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x720 y41d1 w3e h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">38,019<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x725 y41d1 w30 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,121<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x726 y41d1 w3e h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">41,140<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y433b w1ee h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Loa<span class=\"_ _0\"></span>ns at fa<span class=\"_ _0\"></span>ir val<span class=\"_ _0\"></span>ue t<span class=\"_ _0\"></span>hro<span class=\"_ _0\"></span>ug<span class=\"_ _0\"></span>h prof<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t or lo<span class=\"_ _0\"></span>ss</div><div class=\"t m2 x708 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x727 y40bd w37 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,599<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x728 y40bd w30 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">8,691<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x729 y40bd w3e h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">10,290<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40be w1f8 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">Financial investments at<span class=\"_ _1\"></span> fair value<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x72a y40be w1f0 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">12(i)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x72b y40be w82 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">116,082<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x72c y40be w82 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">347,278<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x72d y40be w82 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">463,360<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40bf w1f1 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10a ws5a\">Debt securities at amortised cost<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x72e y40bf w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">8,032<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x64d y40bf wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x72f y40bf w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">8,032<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y418c w1f2 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Loa<span class=\"_ _0\"></span>ns at a<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>ed c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x24b y418c w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">13<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x617 y418c wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x730 y418c w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">13<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c1 w1f9 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">T<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>tal financial investments<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x731 y40c1 w82 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">124,127<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x732 y40c1 w82 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">347,278<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x733 y40c1 w82 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">471,405<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c2 w7f h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Inv<span class=\"_ _1\"></span>estment<span class=\"_ _1\"></span> property<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x734 y40c2 w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5,503<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5d5 y40c2 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,390<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3be y40c2 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">8,893<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w1fa h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">T<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>tal financial investments and in<span class=\"_ _1\"></span>vestment proper<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x735 y4121 w82 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">129,630<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x736 y4121 w82 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">350,668<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x737 y4121 w82 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">480,298<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ac w1f5 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted to b<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>cove<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d wit<span class=\"_ _0\"></span>hin 12 mon<span class=\"_ _0\"></span>ths<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x738 y40ac wd3 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">37,513<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w1f6 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted to b<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>cove<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d af<span class=\"_ _0\"></span>ter 12 mont<span class=\"_ _0\"></span>hs<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x739 y40ae w82 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">442,785<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs60e\">1. <span class=\"_ _15\"> </span>Ma<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>y m<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d a<span class=\"_ _0\"></span>t fai<span class=\"_ _0\"></span>r va<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>e th<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>gh p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ofi<span class=\"_ _0\"></span>t o<span class=\"_ _0\"></span>r lo<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs60f\">Invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t risks on un<span class=\"_ _0\"></span>it linke<span class=\"_ _0\"></span>d assets are b<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ne by the pol<span class=\"_ _0\"></span>icy<span class=\"_ _0\"></span>hol<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>rs. T<span class=\"_ _0\"></span>he rem<span class=\"_ _0\"></span>aini<span class=\"_ _0\"></span>ng risks as<span class=\"_ _0\"></span>soc<span class=\"_ _0\"></span>iated wit<span class=\"_ _0\"></span>h fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts are ou<span class=\"_ _0\"></span>tline<span class=\"_ _0\"></span>d </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs610\">in<span class=\"_ gsec\"> </span>Note 8.<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs611\">Fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts, c<span class=\"_ _0\"></span>ash and c<span class=\"_ _0\"></span>ash eq<span class=\"_ _0\"></span>uival<span class=\"_ _0\"></span>ents in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>: </div><div class=\"t m2 ha ff3 fs5 fc1 sc0 ls9 ws15 gs612\">\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\"> <span class=\"_ _b\"></span>\u00a32<span class=\"_ _0\"></span>,755m (20<span class=\"_ _0\"></span>23<span class=\"_ _0\"></span>: \u00a34,<span class=\"_ _0\"></span>03<span class=\"_ _3\"></span>4m) of <span class=\"_ _1\"></span>asse<span class=\"_ _0\"></span>ts ple<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>d as coll<span class=\"_ _0\"></span>ateral aga<span class=\"_ _0\"></span>inst n<span class=\"_ _0\"></span>et der<span class=\"_ _0\"></span>ivati<span class=\"_ _0\"></span>ve liabili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y cou<span class=\"_ _0\"></span>nter<span class=\"_ _0\"></span>par<span class=\"_ _3\"></span>ty po<span class=\"_ _0\"></span>siti<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e assets us<span class=\"_ _0\"></span>ed as col<span class=\"_ _0\"></span>lateral<span class=\"_ _0\"></span> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs613\">are T<span class=\"_ _1\"></span>reasur<span class=\"_ _0\"></span>y Gil<span class=\"_ _0\"></span>ts, Fo<span class=\"_ _0\"></span>reig<span class=\"_ _0\"></span>n Gover<span class=\"_ _0\"></span>nme<span class=\"_ _0\"></span>nt Bo<span class=\"_ _0\"></span>nds<span class=\"_ _0\"></span>, A<span class=\"_ _3\"></span>A<span class=\"_ _0\"></span>A<span class=\"_ _3\"></span>, A<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>, A and B<span class=\"_ _0\"></span>BB Co<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ate Bond<span class=\"_ _0\"></span>s and Cas<span class=\"_ _0\"></span>h (2023<span class=\"_ _0\"></span>: T<span class=\"_ _1\"></span>reasur<span class=\"_ _0\"></span>y Gil<span class=\"_ _0\"></span>ts, Fo<span class=\"_ _0\"></span>reig<span class=\"_ _0\"></span>n Gover<span class=\"_ _0\"></span>nme<span class=\"_ _0\"></span>nt </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs614\">Bo<span class=\"_ _0\"></span>nds<span class=\"_ _0\"></span>, A<span class=\"_ _0\"></span>A<span class=\"_ _3\"></span>A<span class=\"_ _0\"></span>, A<span class=\"_ _3\"></span>A<span class=\"_ _0\"></span>, A and BB<span class=\"_ _0\"></span>B Co<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>orate Bo<span class=\"_ _0\"></span>nds an<span class=\"_ _0\"></span>d Cash) having a resid<span class=\"_ _0\"></span>ual matu<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ty of over 32 yea<span class=\"_ _0\"></span>rs (202<span class=\"_ _0\"></span>3: over 4<span class=\"_ _3\"></span>4 years). </div><div class=\"t m2 ha ff3 fs5 fc1 sc0 ls9 ws15 gs615\">\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\"> <span class=\"_ _b\"></span>\u00a35,<span class=\"_ _0\"></span>37<span class=\"_ _0\"></span>7m (202<span class=\"_ _0\"></span>3: \u00a35<span class=\"_ _0\"></span>,25<span class=\"_ _0\"></span>7m) of <span class=\"_ _1\"></span>asse<span class=\"_ _0\"></span>ts ple<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>d as colla<span class=\"_ _0\"></span>teral in relat<span class=\"_ _0\"></span>ion to vario<span class=\"_ _0\"></span>us pe<span class=\"_ _0\"></span>nsio<span class=\"_ _0\"></span>n risk tra<span class=\"_ _0\"></span>nsfer de<span class=\"_ _0\"></span>als. T<span class=\"_ _0\"></span>he asse<span class=\"_ _0\"></span>ts use<span class=\"_ _0\"></span>d as collater<span class=\"_ _0\"></span>al </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs616\">are<span class=\"_ gsec\"> </span>T<span class=\"_ _1\"></span>reasur<span class=\"_ _0\"></span>y Gil<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>, A<span class=\"_ _0\"></span>A<span class=\"_ _3\"></span>A to BBB Co<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>ora<span class=\"_ _0\"></span>te Bond<span class=\"_ _0\"></span>s and Cash (20<span class=\"_ _0\"></span>23<span class=\"_ _0\"></span>: T<span class=\"_ _4\"></span>re<span class=\"_ _0\"></span>asur<span class=\"_ _3\"></span>y Gilts<span class=\"_ _0\"></span>, A<span class=\"_ _0\"></span>A<span class=\"_ _3\"></span>A to BBB Co<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ate Bon<span class=\"_ _0\"></span>ds and Cas<span class=\"_ _0\"></span>h) <span class=\"_ _1\"></span>havin<span class=\"_ _0\"></span>g a residua<span class=\"_ _0\"></span>l </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs617\">matur<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y of over 45 yea<span class=\"_ _0\"></span>rs (20<span class=\"_ _0\"></span>23: over 4<span class=\"_ _3\"></span>4 years). </div><div class=\"t m2 ha ff3 fs5 fc1 sc0 ls9 ws15 gs618\">\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\"> <span class=\"_ _b\"></span>\u00a39<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>4m (20<span class=\"_ _0\"></span>23<span class=\"_ _0\"></span>: \u00a3752m) of assets ple<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>ed in resp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ct of long<span class=\"_ _0\"></span>evi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y swaps with rei<span class=\"_ _0\"></span>nsur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e cou<span class=\"_ _0\"></span>nter<span class=\"_ _0\"></span>par<span class=\"_ _3\"></span>ties. T<span class=\"_ _0\"></span>he ass<span class=\"_ _0\"></span>ets use<span class=\"_ _0\"></span>d as collate<span class=\"_ _0\"></span>ral are </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs619\">T<span class=\"_ _1\"></span>reasur<span class=\"_ _0\"></span>y Gil<span class=\"_ _0\"></span>ts and A<span class=\"_ _3\"></span>A<span class=\"_ _0\"></span>A to A<span class=\"_ _0\"></span>A C<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>por<span class=\"_ _0\"></span>ate Bon<span class=\"_ _0\"></span>ds (202<span class=\"_ _0\"></span>3: T<span class=\"_ _1\"></span>reasur<span class=\"_ _0\"></span>y Gil<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>, A<span class=\"_ _0\"></span>A<span class=\"_ _3\"></span>A to A <span class=\"_ _1\"></span>Co<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ate Bond<span class=\"_ _0\"></span>s) <span class=\"_ _1\"></span>havin<span class=\"_ _0\"></span>g a residua<span class=\"_ _0\"></span>l maturi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y of over 6<span class=\"_ _1\"></span>1 years </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs61a\">(202<span class=\"_ _0\"></span>3: over 3<span class=\"_ _0\"></span>4 year<span class=\"_ _0\"></span>s).<span class=\"_ _3b2\"> </span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs61c\">Whil<span class=\"_ _0\"></span>e ple<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>d as coll<span class=\"_ _0\"></span>ateral<span class=\"_ _0\"></span>, the Gro<span class=\"_ _0\"></span>up is enti<span class=\"_ _0\"></span>tle<span class=\"_ _0\"></span>d to receive all of the ca<span class=\"_ _0\"></span>sh fl<span class=\"_ _0\"></span>ows from the ass<span class=\"_ _0\"></span>ets ab<span class=\"_ _0\"></span>ove, and th<span class=\"_ _0\"></span>ere is no obli<span class=\"_ _0\"></span>gatio<span class=\"_ _0\"></span>n to pay or transfer<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs61d\">cash f<span class=\"_ _0\"></span>lows ari<span class=\"_ _0\"></span>sing fro<span class=\"_ _0\"></span>m the<span class=\"_ _0\"></span>m to another e<span class=\"_ _0\"></span>ntit<span class=\"_ _0\"></span>y. Thes<span class=\"_ _0\"></span>e assets are ne<span class=\"_ _0\"></span>ith<span class=\"_ _0\"></span>er pas<span class=\"_ _0\"></span>t due<span class=\"_ _0\"></span>, nor imp<span class=\"_ _0\"></span>aire<span class=\"_ _0\"></span>d. T<span class=\"_ _0\"></span>he car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing valu<span class=\"_ _0\"></span>e refl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ts the full ex<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>ure of </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls10 ws12 gs61e\">these assets.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs61f\">Th<span class=\"_ _0\"></span>e Group is pe<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ted to sell or rep<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>dge co<span class=\"_ _0\"></span>llater<span class=\"_ _0\"></span>al as per the In<span class=\"_ _0\"></span>terna<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>al Swa<span class=\"_ _0\"></span>p Deal<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s Ass<span class=\"_ _0\"></span>oci<span class=\"_ _0\"></span>ation ag<span class=\"_ _0\"></span>ree<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts in pla<span class=\"_ _0\"></span>ce, in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>g where th<span class=\"_ _0\"></span>ere </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs620\">has be<span class=\"_ _0\"></span>en no defa<span class=\"_ _0\"></span>ult by the owne<span class=\"_ _0\"></span>r of the coll<span class=\"_ _0\"></span>ateral<span class=\"_ _0\"></span>. As at 31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2024<span class=\"_ _0\"></span>, the Gro<span class=\"_ _0\"></span>up had rep<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>d cash c<span class=\"_ _0\"></span>ollate<span class=\"_ _0\"></span>ral with a fair valu<span class=\"_ _0\"></span>e of \u00a370<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>m </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs621\">(202<span class=\"_ _0\"></span>3: \u00a36<span class=\"_ _0\"></span>47m) in order to fulf<span class=\"_ _0\"></span>il other c<span class=\"_ _0\"></span>ollater<span class=\"_ _0\"></span>al requ<span class=\"_ _0\"></span>irem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s in relatio<span class=\"_ _0\"></span>n to deriv<span class=\"_ _0\"></span>atives co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>acts<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e cou<span class=\"_ _0\"></span>nterp<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es have an oblig<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n to return </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs622\">the<span class=\"_ gsec\"> </span>c<span class=\"_ _0\"></span>ash co<span class=\"_ _0\"></span>llatera<span class=\"_ _0\"></span>l to the Group. T<span class=\"_ _0\"></span>here are n<span class=\"_ _0\"></span>o other sig<span class=\"_ _0\"></span>nif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant term<span class=\"_ _0\"></span>s and co<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s asso<span class=\"_ _0\"></span>ciated wi<span class=\"_ _0\"></span>th the use of this cas<span class=\"_ _0\"></span>h coll<span class=\"_ _0\"></span>ateral<span class=\"_ _0\"></span>. </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs623\">Fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>e \u00a32<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>,<span class=\"_ _1\"></span>1<span class=\"_ _4\"></span>17<span class=\"_ _1\"></span>m (202<span class=\"_ _0\"></span>3: \u00a3<span class=\"_ _0\"></span>25,<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>52<span class=\"_ _0\"></span>m) o<span class=\"_ _1\"></span>f asset<span class=\"_ _0\"></span>s that have bee<span class=\"_ _0\"></span>n sold bu<span class=\"_ _0\"></span>t not de<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d and are subj<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t to repurch<span class=\"_ _0\"></span>ase </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs624\">agre<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span>. Risks an<span class=\"_ _0\"></span>d rewards of these as<span class=\"_ _0\"></span>sets have be<span class=\"_ _0\"></span>en ret<span class=\"_ _0\"></span>aine<span class=\"_ _0\"></span>d with<span class=\"_ _0\"></span>in the Gro<span class=\"_ _0\"></span>up. Th<span class=\"_ _0\"></span>e related ob<span class=\"_ _0\"></span>liga<span class=\"_ _0\"></span>tion to repu<span class=\"_ _0\"></span>rcha<span class=\"_ _0\"></span>se the f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial as<span class=\"_ _0\"></span>sets is </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs625\">inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>ed wit<span class=\"_ _0\"></span>hin Payab<span class=\"_ _0\"></span>les an<span class=\"_ _0\"></span>d other f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l liabili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s (Note 25). </div><div class=\"t m0 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs626\">Fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nts have b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n allo<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ated be<span class=\"_ _0\"></span>twe<span class=\"_ _0\"></span>en th<span class=\"_ _0\"></span>ose e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d to be set<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>ed wi<span class=\"_ _0\"></span>thin 12 months a<span class=\"_ _0\"></span>nd af<span class=\"_ _0\"></span>ter 12 months in l<span class=\"_ _0\"></span>ine wi<span class=\"_ _0\"></span>th th<span class=\"_ _0\"></span>e exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs627\">set<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent of the bac<span class=\"_ _0\"></span>ked liabi<span class=\"_ _0\"></span>liti<span class=\"_ _0\"></span>es. A<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ts in excess of the ins<span class=\"_ _0\"></span>uran<span class=\"_ _0\"></span>ce an<span class=\"_ _0\"></span>d investm<span class=\"_ _0\"></span>ent c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t liabili<span class=\"_ _0\"></span>ties have be<span class=\"_ _0\"></span>en c<span class=\"_ _0\"></span>lassi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ed as exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted to be </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs628\">set<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>ed af<span class=\"_ _0\"></span>ter 1<span class=\"_ _1\"></span>2 months<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h21 ff1 fs10 fc2 sc0 ls77 ws0 gs629\">(i<span class=\"_ _1\"></span>) <span class=\"_ _8\"> </span>Fi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l i<span class=\"_ _0\"></span>nvest<span class=\"_ _0\"></span>ments and i<span class=\"_ _0\"></span>nvest<span class=\"_ _0\"></span>ment proper<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y at fa<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>r va<span class=\"_ _0\"></span>lue<span class=\"_ _3b2\"> </span></div><div class=\"gs62a\"><table class=\"s w1ea h154\" id=\"_d663d009-f0d7-44d5-a682-2d0772188d34\"><tr><td></td><td></td><td class=\"t m0 x5f2 h13 y433c ff5 fs9 fc1 sc0 ls3b ws45\">Shareholder<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x27f h13 y433c ff5 fs9 fc1 sc0 ls18 ws0\">Un<span class=\"_ _0\"></span>it l<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>nke<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c7 h13 y433c ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x431 h13 y433d ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c6 h13 y433d ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c7 h13 y433d ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m0 x4e6 hf y433e ff3 fs9 fc1 sc0 lsee wsf5\">Note<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x433 h13 y433e ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c8 h13 y433e ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 h13 y433e ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y433f w1fb h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">Equity securities<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x5c1 y433f w36 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">2,948<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x73a y433f w89 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">198,342<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x73b y433f w89 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">201,290<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41e7 w1fc h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">Debt securities<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x73c y41e7 w2f h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">78,207<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x73d y41e7 w81 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">148,411<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x73e y41e7 w89 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">226,618<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y42f5 w1fd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls112 ws1e\">Der<span class=\"_ _0\"></span>ivative assets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x73f y42f5 w39 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">13<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x740 y42f5 w93 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">49,195<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1e9 y42f5 w36 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">1,997<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x741 y42f5 w2f h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">51,192<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41c7 w1fe h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Loans at f<span class=\"_ _1\"></span>air value<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x742 y41c7 w1ff h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">12(ii)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x743 y41c7 w36 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">2,630<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x744 y41c7 w36 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">4,772<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x745 y41c7 w36 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">7,402<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w200 h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">Financial in<span class=\"_ _1\"></span>vestments<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x746 y4121 w89 h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">132,980<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x747 y4121 w89 h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">353,522<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x748 y4121 w89 h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">486,502<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41a9 w7f h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws23\">Inv<span class=\"_ _1\"></span>estment<span class=\"_ _1\"></span> property<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x718 y41a9 w36 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">5,955<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x719 y41a9 w36 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">3,867<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x71a y41a9 w36 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">9,822<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w201 h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l fi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>l inve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s at fai<span class=\"_ _0\"></span>r valu<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x749 y40ae w81 h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">138,935<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x74a y40ae w89 h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">357,389<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x74b y40ae w81 h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">496,324<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"gs62b\"><table class=\"s w202 h155\" id=\"_c35c45ac-888e-401e-9f41-e9af28c32f45\"><tr><td></td><td></td><td class=\"t m0 x4c4 hf y4340 ff3 fs9 fc1 sc0 ls29 ws30\">Shareholder<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x615 hf y4340 ff3 fs9 fc1 sc0 ls18 ws0\">Un<span class=\"_ _0\"></span>it li<span class=\"_ _0\"></span>nke<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c7 hf y4340 ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x637 hf y4341 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c6 hf y4341 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c7 hf y4341 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m0 x4e6 hf y4342 ff3 fs9 fc1 sc0 lsee wsf5\">Note<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x433 hf y4342 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c8 hf y4342 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 hf y4342 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y4305 w1fb h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10a ws5a\">Equity securities<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x74c y4305 w30 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,166<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x74d y4305 w82 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">182,816<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x74e y4305 w82 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">185,982<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c0 w1fc h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10a ws5a\">Debt securities<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x74f y40c0 wd3 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">73,298<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x750 y40c0 w82 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">152,650<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x751 y40c0 w82 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">225,948<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4306 w1fd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls112 ws1e\">Der<span class=\"_ _0\"></span>ivative assets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x73f y4306 w39 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">13<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x752 y4306 w3e h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">38,019<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x753 y4306 w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,121<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x754 y4306 w3e h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">41,140<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c2 w1fe h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">Loans at f<span class=\"_ _1\"></span>air value<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x742 y40c2 w1ff h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">12(ii)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x755 y40c2 w30 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,599<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x756 y40c2 w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">8,691<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x757 y40c2 w3e h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">10,290<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4193 w80 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">Financial investments<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x626 y4193 w82 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">116,082<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x627 y4193 w82 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">347,278<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x628 y4193 w82 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">463,360<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4158 w7f h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Inv<span class=\"_ _1\"></span>estment<span class=\"_ _1\"></span> property<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x734 y4158 w30 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5,503<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5d5 y4158 w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,390<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3be y4158 w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">8,893<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w203 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">T<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>tal financial investments at<span class=\"_ _1\"></span> fair value<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x758 y40ae w82 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">121,585<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x759 y40ae w82 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">350,668<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x75a y40ae w82 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">472,253<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs62c\">Inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>ed with<span class=\"_ _0\"></span>in uni<span class=\"_ _0\"></span>t linked eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y se<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>rit<span class=\"_ _0\"></span>ies are \u00a3121<span class=\"_ _1\"></span>m <span class=\"_ _1\"></span>(202<span class=\"_ _0\"></span>3: \u00a3162m<span class=\"_ _1\"></span>) of debt inst<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts whic<span class=\"_ _0\"></span>h inco<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ate an embe<span class=\"_ _0\"></span>dd<span class=\"_ _0\"></span>ed de<span class=\"_ _0\"></span>rivat<span class=\"_ _0\"></span>ive linked to the </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs62d\">value of the Gro<span class=\"_ _0\"></span>up\u2019s share pr<span class=\"_ _0\"></span>ice<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h21 ff1 fs10 fc2 sc0 ls77 ws0 gs62f\">(ii) <span class=\"_ _d\"> </span>Fai<span class=\"_ _0\"></span>r va<span class=\"_ _0\"></span>lue h<span class=\"_ _0\"></span>iera<span class=\"_ _0\"></span>rchy<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs630\">Th<span class=\"_ _0\"></span>e table b<span class=\"_ _0\"></span>elow bre<span class=\"_ _0\"></span>aks down th<span class=\"_ _0\"></span>e fair value of fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>ial inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nts and inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y by fair value hi<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>rchy leve<span class=\"_ _0\"></span>l.<span class=\"_ _3b2\"> </span></div><div class=\"gs631\"><table class=\"s w204 h156\" id=\"_f5e2be91-b688-4de2-8999-e59e8b642f19\"><tr><td></td><td class=\"t m2 x430 h13 y4343 ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x75b h13 y4343 ff6 fs9 fc1 sc0 ls18 ws32\">Lev<span class=\"_ _0\"></span>el 1<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x4e8 h13 y4343 ff6 fs9 fc1 sc0 ls18 ws32\">Lev<span class=\"_ _0\"></span>el 2<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x75c h13 y4343 ff6 fs9 fc1 sc0 ls18 ws32\">Lev<span class=\"_ _0\"></span>el 3<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 h13 y4344 ff5 fs9 fc1 sc0 ls18 ws0\">As a<span class=\"_ _0\"></span>t 31 De<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>4<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x432 h13 y4344 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x433 h13 y4344 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 h13 y4344 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 h13 y4344 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 hb y4345 ff5 fs6 fc1 sc0 ls12e ws142\">Shareholder<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4346 w1fb h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">Equity securities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5a6 y4346 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">2,948<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x75d y4346 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">960<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x75e y4346 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">170<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x75f y4346 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">1,818<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4347 w1fc h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">Debt securities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x760 y4347 w2f h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">78,207<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x761 y4347 w2f h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">31,714<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x261 y4347 w93 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">25,424<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x762 y4347 w2f h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">21,069<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4348 w1fd h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls112 ws1e\">Der<span class=\"_ _0\"></span>ivative assets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x763 y4348 w2f h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">49,195<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x764 y4348 w59 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x765 y4348 w2f h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">49,188<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x766 y4348 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y42ee w1fe h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Loans at f<span class=\"_ _1\"></span>air value<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x767 y42ee w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">2,630<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x768 y42ee wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x769 y42ee w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">2,630<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x76a y42ee wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4349 w7f h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws23\">Inv<span class=\"_ _1\"></span>estment<span class=\"_ _1\"></span> property<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x76b y4349 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">5,955<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x76c y4349 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x76d y4349 wa6 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x76e y4349 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">5,955<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y42f1 w205 h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls1 ws23\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> Shareholder<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x76f y42f1 w89 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">138,935<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x770 y42f1 w93 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">32,681<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x771 y42f1 w2f h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">77,412<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x772 y42f1 w2f h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">28,842<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 hb y434a ff5 fs6 fc1 sc0 ls181 ws13f\">Un<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t li<span class=\"_ _0\"></span>nke<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y42f3 w1fb h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">Equity securities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x773 y42f3 w89 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">198,342<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x774 y42f3 w81 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">197,532<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x775 y42f3 w59 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x776 y42f3 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">809<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41e4 w1fc h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">Debt securities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x777 y41e4 w81 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">148,411<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x778 y41e4 w2f h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">97,799<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x779 y41e4 w2f h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">49,269<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x77a y41e4 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">1,343<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y433f w1fd h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls112 ws1e\">Der<span class=\"_ _0\"></span>ivative assets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5a6 y433f w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">1,997<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x77b y433f w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">84<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x77c y433f w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">1,913<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x77d y433f wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41e7 w1fe h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Loans at f<span class=\"_ _1\"></span>air value<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x767 y41e7 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">4,772<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x768 y41e7 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x769 y41e7 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">4,772<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x76a y41e7 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y434b w7f h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws23\">Inv<span class=\"_ _1\"></span>estment<span class=\"_ _1\"></span> property<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x76b y434b w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">3,867<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x76c y434b wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x76d y434b wa6 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x76e y434b w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">3,867<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y419a wf9 h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls1 ws23\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> Unit link<span class=\"_ _1\"></span>ed<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x77e y419a w89 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">357,389<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x77f y419a w89 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">295,415<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x780 y419a w2f h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">55,955<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x781 y419a w36 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">6,019<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y434c w206 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l fi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>l inve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s and in<span class=\"_ _0\"></span>ves<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y at fa<span class=\"_ _0\"></span>ir val<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x782 y434c w89 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">496,324<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x783 y434c w89 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">328,096<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x784 y434c w89 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">133,367<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x785 y434c w93 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">34,861<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y41a9 w207 h126\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">Debt securities at amortised cost</div><div class=\"t m2 x786 h5a y4138 ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x593 y4158 w36 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">7,847<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x787 y4158 wa5 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x788 y4158 w7b h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">43<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x789 y4158 w36 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">7,804<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y434d w208 h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Loa<span class=\"_ _0\"></span>ns at a<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>ed c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t</div><div class=\"t m2 x416 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x78a y40ae w7b h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">84<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x78b y40ae w59 h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x78c y40ae wa5 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x78d y40ae w7b h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">83<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"gs632\"><table class=\"s w209 h157\" id=\"_0592dc85-3f81-4fdb-baf5-9bd34e9d0ff6\"><tr><td></td><td class=\"t m2 x6fe hf y434e ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x75b hf y434e ff3 fs9 fc1 sc0 ls18 ws0\">Lev<span class=\"_ _0\"></span>el 1<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x503 hf y434e ff3 fs9 fc1 sc0 ls18 ws0\">Lev<span class=\"_ _0\"></span>el 2<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x281 hf y434e ff3 fs9 fc1 sc0 ls18 ws0\">Lev<span class=\"_ _0\"></span>el 3<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 hf y434f ff3 fs9 fc1 sc0 ls18 ws0\">As a<span class=\"_ _0\"></span>t 31 De<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>3<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x432 hf y434f ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x433 hf y434f ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 hf y434f ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y434f ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 h1a y4350 ff3 fs6 fc1 sc0 ls11b ws13f\">Shareholder<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4351 w1fb h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10a ws5a\">Equity securities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x78e y4351 w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,166<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x78f y4351 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,069<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x790 y4351 w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">144<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x791 y4351 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,953<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4352 w1fc h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10a ws5a\">Debt securities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x792 y4352 w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">73,298<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x793 y4352 w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">26,003<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x794 y4352 w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">27,860<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x795 y4352 wd3 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">19,435<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4353 w1fd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls112 ws1e\">Der<span class=\"_ _0\"></span>ivative assets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x792 y4353 w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">38,019<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x796 y4353 w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">123<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x797 y4353 w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">37,896<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x798 y4353 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4354 w1fe h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">Loans at f<span class=\"_ _1\"></span>air value<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x799 y4354 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,599<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x79a y4354 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x79b y4354 w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,599<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x79c y4354 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4355 w7f h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Inv<span class=\"_ _1\"></span>estment<span class=\"_ _1\"></span> property<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x79d y4355 w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5,503<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x79e y4355 wbf h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x617 y4355 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x724 y4355 w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5,503<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40bb w20a h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws2a\">T<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>tal Shar<span class=\"_ _1\"></span>eholder<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x79f y40bb w82 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">121,585<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7a0 y40bb w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">27,195<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7a1 y40bb w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">67,499<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7a2 y40bb wd3 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">26,891<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 h1a y4356 ff3 fs6 fc1 sc0 ls11c ws25\">Unit l<span class=\"_ _1\"></span>ink<span class=\"_ _1\"></span>ed<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4357 w1fb h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10a ws5a\">Equity securities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7a3 y4357 w82 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">182,816<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7a4 y4357 w82 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">182,348<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7a5 y4357 w39 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">29<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x235 y4357 w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">439<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4358 w1fc h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10a ws5a\">Debt securities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7a6 y4358 w82 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">152,650<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7a7 y4358 w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">91,874<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7a8 y4358 wd3 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">59,748<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7a9 y4358 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,028<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4359 w1fd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls112 ws1e\">Der<span class=\"_ _0\"></span>ivative assets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7aa y4359 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,121<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7ab y4359 w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">148<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7ac y4359 w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,973<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7ad y4359 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y435a w1fe h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">Loans at f<span class=\"_ _1\"></span>air value<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x799 y435a w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">8,691<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x79a y435a wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x79b y435a w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">8,691<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x79c y435a wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4199 w7f h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Inv<span class=\"_ _1\"></span>estment<span class=\"_ _1\"></span> property<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x79d y4199 w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,390<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x79e y4199 wbf h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x617 y4199 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x724 y4199 w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,390<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y435b w20b h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">T<span class=\"_ _1\"></span>otal Un<span class=\"_ _0\"></span>it li<span class=\"_ _0\"></span>nke<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7ae y435b w82 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">350,668<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7af y435b w82 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">274,370<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7b0 y435b wd3 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">71,441<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7b1 y435b w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">4,857<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y435c w20c h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">T<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>tal financial investments and in<span class=\"_ _1\"></span>vestment proper<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y at fa<span class=\"_ _1\"></span>ir value<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7b2 y435c w82 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">472,253<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7b3 y435c w82 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">301,565<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7b4 y435c w82 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">138,940<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7b5 y435c w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">31,748<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y40ac w207 h126\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">Debt securities at amortised cost</div><div class=\"t m2 x786 h5a y4138 ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7b6 y435d w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">7,184<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7b7 y435d wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7b8 y435d w39 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">45<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7b9 y435d w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">7,139<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y40ae w208 h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Loa<span class=\"_ _0\"></span>ns at a<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>ed c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t</div><div class=\"t m2 x416 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x78a y40ae w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">13<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7ba y40ae w75 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7bb y40ae w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">12<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7bc y40ae wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs633\">1. <span class=\"_ _15\"> </span>Th<span class=\"_ _0\"></span>is t<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>s de<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>t se<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d l<span class=\"_ _0\"></span>oa<span class=\"_ _0\"></span>ns w<span class=\"_ _0\"></span>hi<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>h ar<span class=\"_ _0\"></span>e he<span class=\"_ _0\"></span>ld a<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t o<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e C<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>da<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d B<span class=\"_ _0\"></span>ala<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ce S<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>et a<span class=\"_ _0\"></span>t a to<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>l val<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>e of \u00a3<span class=\"_ _0\"></span>9,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>49<span class=\"_ _0\"></span>m (20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3: \u00a3<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>45<span class=\"_ _0\"></span>m).<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs634\">Th<span class=\"_ _0\"></span>e levels of fair value m<span class=\"_ _0\"></span>easu<span class=\"_ _0\"></span>rem<span class=\"_ _0\"></span>ent bas<span class=\"_ _0\"></span>es are def<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d as follows: </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs635\">Level 1<span class=\"_ _1\"></span>: fair value<span class=\"_ _0\"></span>s measu<span class=\"_ _0\"></span>red usi<span class=\"_ _0\"></span>ng quoted p<span class=\"_ _0\"></span>ric<span class=\"_ _0\"></span>es (unadjus<span class=\"_ _0\"></span>ted) in ac<span class=\"_ _0\"></span>tive mar<span class=\"_ _0\"></span>kets for ide<span class=\"_ _0\"></span>ntic<span class=\"_ _0\"></span>al asse<span class=\"_ _0\"></span>ts or liabil<span class=\"_ _0\"></span>itie<span class=\"_ _0\"></span>s. </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs636\">Level 2<span class=\"_ _0\"></span>: fair valu<span class=\"_ _0\"></span>es meas<span class=\"_ _0\"></span>ured us<span class=\"_ _0\"></span>ing valu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n techn<span class=\"_ _0\"></span>ique<span class=\"_ _0\"></span>s for all inpu<span class=\"_ _0\"></span>ts signi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>can<span class=\"_ _0\"></span>t to the measure<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt othe<span class=\"_ _0\"></span>r than qu<span class=\"_ _0\"></span>oted pric<span class=\"_ _0\"></span>es in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>ded wi<span class=\"_ _0\"></span>thin<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs637\">Level 1 that are ob<span class=\"_ _0\"></span>ser<span class=\"_ _3\"></span>vable for the as<span class=\"_ _0\"></span>set or lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ty, eith<span class=\"_ _0\"></span>er dire<span class=\"_ _0\"></span>ctl<span class=\"_ _0\"></span>y (i.e. as pr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>es) or indirec<span class=\"_ _0\"></span>tly (i<span class=\"_ _0\"></span>.e. de<span class=\"_ _0\"></span>rive<span class=\"_ _0\"></span>d from pr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>es). </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs638\">Level 3: fair val<span class=\"_ _0\"></span>ues me<span class=\"_ _0\"></span>asure<span class=\"_ _0\"></span>d usin<span class=\"_ _0\"></span>g valuati<span class=\"_ _0\"></span>on tec<span class=\"_ _0\"></span>hniq<span class=\"_ _0\"></span>ues for any inp<span class=\"_ _0\"></span>ut for the ass<span class=\"_ _0\"></span>et or liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y sig<span class=\"_ _0\"></span>nif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant to the meas<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t that is not base<span class=\"_ _0\"></span>d </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs639\">on<span class=\"_ gsec\"> </span>ob<span class=\"_ _0\"></span>ser<span class=\"_ _3\"></span>vable ma<span class=\"_ _0\"></span>rket data (unob<span class=\"_ _0\"></span>ser<span class=\"_ _3\"></span>vable in<span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>ts).<span class=\"_ _3b2\"> </span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs63b\">All of the Gro<span class=\"_ _0\"></span>up\u2019s Level 2 assets have be<span class=\"_ _0\"></span>en val<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span>d using st<span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>ard mar<span class=\"_ _0\"></span>ket pric<span class=\"_ _0\"></span>ing so<span class=\"_ _0\"></span>urc<span class=\"_ _0\"></span>es, su<span class=\"_ _0\"></span>ch as IH<span class=\"_ _0\"></span>S Mar<span class=\"_ _0\"></span>ki<span class=\"_ _0\"></span>t, IC<span class=\"_ _0\"></span>E and Blo<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>rg, o<span class=\"_ _0\"></span>r Index<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs63c\">Provid<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s suc<span class=\"_ _0\"></span>h as Barcl<span class=\"_ _0\"></span>ays, Me<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>ill Lynch or JP<span class=\"_ _0\"></span>Mo<span class=\"_ _0\"></span>rga<span class=\"_ _0\"></span>n. Ea<span class=\"_ _0\"></span>ch use<span class=\"_ _0\"></span>s mathe<span class=\"_ _0\"></span>mati<span class=\"_ _0\"></span>cal mo<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>lling an<span class=\"_ _0\"></span>d mult<span class=\"_ _0\"></span>iple so<span class=\"_ _0\"></span>urc<span class=\"_ _0\"></span>e validati<span class=\"_ _0\"></span>on in ord<span class=\"_ _0\"></span>er to deter<span class=\"_ _0\"></span>mine<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs63d\">con<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>sus pr<span class=\"_ _0\"></span>ice<span class=\"_ _0\"></span>s, wi<span class=\"_ _0\"></span>th the exce<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>n of OT<span class=\"_ _1\"></span>C Der<span class=\"_ _0\"></span>ivati<span class=\"_ _0\"></span>ve hold<span class=\"_ _0\"></span>ings<span class=\"_ _0\"></span>; OTCs are marked to market usi<span class=\"_ _0\"></span>ng an in<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>ous<span class=\"_ _0\"></span>e system (Lo<span class=\"_ _0\"></span>mba<span class=\"_ _0\"></span>rd Ob<span class=\"_ _0\"></span>ero<span class=\"_ _0\"></span>n), </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs63e\">ex<span class=\"_ _0\"></span>tern<span class=\"_ _0\"></span>al vend<span class=\"_ _0\"></span>or (IH<span class=\"_ _0\"></span>S Mar<span class=\"_ _0\"></span>ki<span class=\"_ _0\"></span>t), interna<span class=\"_ _0\"></span>l mod<span class=\"_ _0\"></span>el or Co<span class=\"_ _0\"></span>unter<span class=\"_ _0\"></span>par<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>y Broker ma<span class=\"_ _0\"></span>rks<span class=\"_ _0\"></span>. In nor<span class=\"_ _0\"></span>mal mar<span class=\"_ _0\"></span>ket co<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s, we would c<span class=\"_ _0\"></span>onsi<span class=\"_ _0\"></span>der th<span class=\"_ _0\"></span>ese ma<span class=\"_ _0\"></span>rket </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs63f\">pri<span class=\"_ _0\"></span>ces<span class=\"_ gsec\"> </span>to<span class=\"_ gsec\"> </span>b<span class=\"_ _0\"></span>e obse<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vab<span class=\"_ _0\"></span>le mar<span class=\"_ _0\"></span>ket pric<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>. Follow<span class=\"_ _0\"></span>ing co<span class=\"_ _0\"></span>nsul<span class=\"_ _0\"></span>tati<span class=\"_ _0\"></span>on with o<span class=\"_ _0\"></span>ur pri<span class=\"_ _0\"></span>cin<span class=\"_ _0\"></span>g provid<span class=\"_ _0\"></span>ers an<span class=\"_ _0\"></span>d a numb<span class=\"_ _0\"></span>er of their c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>utin<span class=\"_ _0\"></span>g broker<span class=\"_ _0\"></span>s, we have </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs640\">con<span class=\"_ _0\"></span>side<span class=\"_ _0\"></span>red th<span class=\"_ _0\"></span>at thes<span class=\"_ _0\"></span>e pric<span class=\"_ _0\"></span>es are not fro<span class=\"_ _0\"></span>m a suitab<span class=\"_ _0\"></span>ly ac<span class=\"_ _0\"></span>tive mar<span class=\"_ _0\"></span>ket and have the<span class=\"_ _0\"></span>refore clas<span class=\"_ _0\"></span>sif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d them as Leve<span class=\"_ _0\"></span>l 2. </div><div class=\"t m0 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs641\">Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p\u2019s poli<span class=\"_ _0\"></span>cy is to re<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>sess c<span class=\"_ _0\"></span>ateg<span class=\"_ _0\"></span>oris<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial as<span class=\"_ _0\"></span>sets at t<span class=\"_ _0\"></span>he en<span class=\"_ _0\"></span>d of eac<span class=\"_ _0\"></span>h rep<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>ting pe<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>od an<span class=\"_ _0\"></span>d to reco<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>se tra<span class=\"_ _0\"></span>nsfers b<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs642\">level<span class=\"_ _0\"></span>s<span class=\"_ gsec\"> </span>at that poin<span class=\"_ _0\"></span>t in time. At 31 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>24 debt se<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>riti<span class=\"_ _0\"></span>es totallin<span class=\"_ _0\"></span>g net \u00a30<span class=\"_ _0\"></span>.6b<span class=\"_ _0\"></span>n (2023<span class=\"_ _0\"></span>: \u00a30.7bn) transfer<span class=\"_ _0\"></span>red fr<span class=\"_ _0\"></span>om Level 2 to Level 1 in the </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs643\">fair<span class=\"_ gsec\"> </span>valu<span class=\"_ _0\"></span>e hier<span class=\"_ _0\"></span>arc<span class=\"_ _0\"></span>hy<span class=\"_ _1\"></span>. </div><div class=\"t m0 h15 ff1 fs5 fc2 sc0 ls18 ws1c1 gs644\">(b) Level <span class=\"_ _278\"></span><span class=\"ls1 ws0\">3<span class=\"ls18\"> asse<span class=\"_ _0\"></span>ts m<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>red at f<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>r va<span class=\"_ _0\"></span>lue<span class=\"_ _3b2\"> </span></span></span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs645\">Level 3 asse<span class=\"_ _0\"></span>ts, wh<span class=\"_ _0\"></span>ere mo<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>lling tec<span class=\"_ _0\"></span>hni<span class=\"_ _0\"></span>ques are us<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>, com<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>ise prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>y, <span class=\"_ _1\"></span>unqu<span class=\"_ _0\"></span>oted se<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>es, un<span class=\"_ _0\"></span>trad<span class=\"_ _0\"></span>ed de<span class=\"_ _0\"></span>bt sec<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>itie<span class=\"_ _0\"></span>s and se<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>es whe<span class=\"_ _0\"></span>re </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs646\">unqu<span class=\"_ _0\"></span>oted pr<span class=\"_ _0\"></span>ice<span class=\"_ _0\"></span>s are provid<span class=\"_ _0\"></span>ed by a single b<span class=\"_ _0\"></span>roker. <span class=\"_ _1\"></span>Un<span class=\"_ _0\"></span>quoted se<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ties in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>de susp<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d sec<span class=\"_ _0\"></span>uri<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>, inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nts in pri<span class=\"_ _0\"></span>vate equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y and prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>y </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs647\">vehic<span class=\"_ _0\"></span>les<span class=\"_ _0\"></span>. Untr<span class=\"_ _0\"></span>ade<span class=\"_ _0\"></span>d deb<span class=\"_ _0\"></span>t secu<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ties in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>de pr<span class=\"_ _0\"></span>ivate plac<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span>, co<span class=\"_ _0\"></span>mme<span class=\"_ _0\"></span>rci<span class=\"_ _0\"></span>al real est<span class=\"_ _0\"></span>ate loans<span class=\"_ _0\"></span>, inc<span class=\"_ _0\"></span>ome s<span class=\"_ _0\"></span>trip<span class=\"_ _0\"></span>s, reti<span class=\"_ _0\"></span>rem<span class=\"_ _0\"></span>ent intere<span class=\"_ _0\"></span>st on<span class=\"_ _0\"></span>ly and oth<span class=\"_ _0\"></span>er </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 lsf wse gs648\">lif<span class=\"_ _1\"></span>etime<span class=\"_ _1\"></span> mortgages.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs649\">In many situ<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns, in<span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>ts used to meas<span class=\"_ _0\"></span>ure the fair val<span class=\"_ _0\"></span>ue of an asset or lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ty m<span class=\"_ _0\"></span>ay fall into differe<span class=\"_ _0\"></span>nt leve<span class=\"_ _0\"></span>ls of the fair value hie<span class=\"_ _0\"></span>rarc<span class=\"_ _0\"></span>hy. In <span class=\"_ _1\"></span>the<span class=\"_ _0\"></span>se </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs64a\">situ<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns, th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p deter<span class=\"_ _0\"></span>mine<span class=\"_ _0\"></span>s the leve<span class=\"_ _0\"></span>l in which th<span class=\"_ _0\"></span>e fair value falls bas<span class=\"_ _0\"></span>ed up<span class=\"_ _0\"></span>on the l<span class=\"_ _0\"></span>owest leve<span class=\"_ _0\"></span>l inpu<span class=\"_ _0\"></span>t that is signi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>can<span class=\"_ _0\"></span>t to the determi<span class=\"_ _0\"></span>natio<span class=\"_ _0\"></span>n </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs64b\">of<span class=\"_ gsec\"> </span>the fair valu<span class=\"_ _0\"></span>e. As a resul<span class=\"_ _0\"></span>t, b<span class=\"_ _0\"></span>oth obse<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ble an<span class=\"_ _0\"></span>d unob<span class=\"_ _0\"></span>ser<span class=\"_ _3\"></span>vable in<span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>ts may be used in th<span class=\"_ _0\"></span>e deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ation of fair valu<span class=\"_ _0\"></span>es that the Gr<span class=\"_ _0\"></span>oup has<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs64c\">clas<span class=\"_ _0\"></span>sif<span class=\"_ _0\"></span>ied<span class=\"_ gsec\"> </span>w<span class=\"_ _0\"></span>ithi<span class=\"_ _0\"></span>n Level 3.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs64d\">Th<span class=\"_ _0\"></span>e Group d<span class=\"_ _0\"></span>eterm<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>s the fair valu<span class=\"_ _0\"></span>es of cer<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ain f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial as<span class=\"_ _0\"></span>sets an<span class=\"_ _0\"></span>d liabili<span class=\"_ _0\"></span>ties ba<span class=\"_ _0\"></span>sed on qu<span class=\"_ _0\"></span>oted mar<span class=\"_ _0\"></span>ket pri<span class=\"_ _0\"></span>ces<span class=\"_ _0\"></span>, whe<span class=\"_ _0\"></span>re availabl<span class=\"_ _0\"></span>e. Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p also </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs64e\">deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>es fair valu<span class=\"_ _0\"></span>e base<span class=\"_ _0\"></span>d on estim<span class=\"_ _0\"></span>ated fu<span class=\"_ _0\"></span>ture cas<span class=\"_ _0\"></span>h flows dis<span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>nted at the ap<span class=\"_ _0\"></span>prop<span class=\"_ _0\"></span>riate cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>t market rate. A<span class=\"_ _0\"></span>s appro<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>iate, fair valu<span class=\"_ _0\"></span>es refl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs64f\">adjus<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nts for co<span class=\"_ _0\"></span>unter<span class=\"_ _0\"></span>par<span class=\"_ _3\"></span>ty cr<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>t quali<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, <span class=\"_ _1\"></span>the Gro<span class=\"_ _0\"></span>up\u2019s cred<span class=\"_ _0\"></span>it sta<span class=\"_ _0\"></span>ndin<span class=\"_ _0\"></span>g, liq<span class=\"_ _0\"></span>uidi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y and risk m<span class=\"_ _0\"></span>argin<span class=\"_ _0\"></span>s on uno<span class=\"_ _0\"></span>bser<span class=\"_ _3\"></span>vable in<span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>ts.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs650\">Fair valu<span class=\"_ _0\"></span>es are subje<span class=\"_ _0\"></span>ct to a cont<span class=\"_ _0\"></span>rol fra<span class=\"_ _0\"></span>mewo<span class=\"_ _0\"></span>rk des<span class=\"_ _0\"></span>igne<span class=\"_ _0\"></span>d to ensure that in<span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>t varia<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span>s and out<span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>ts are asses<span class=\"_ _0\"></span>sed in<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>nt of the risk take<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>. </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs651\">Th<span class=\"_ _0\"></span>ese inp<span class=\"_ _0\"></span>uts an<span class=\"_ _0\"></span>d out<span class=\"_ _0\"></span>put<span class=\"_ _0\"></span>s are reviewe<span class=\"_ _0\"></span>d and app<span class=\"_ _0\"></span>roved by a valuatio<span class=\"_ _0\"></span>n co<span class=\"_ _0\"></span>mmi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tee and vali<span class=\"_ _0\"></span>dated ind<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ly as appr<span class=\"_ _0\"></span>opr<span class=\"_ _0\"></span>iate.<span class=\"_ _3b2\"> </span></div><div class=\"gs652\"><table class=\"s w20d h158\" id=\"_8a827fcb-1691-4961-8b78-2eb2ea8ad7ad\"><tr><td></td><td></td><td></td><td class=\"t m0 x680 h13 y435e ff5 fs9 fc1 sc0 ls1 ws0\">Othe<span class=\"_ _0\"></span>r </td><td></td><td></td><td></td><td class=\"t m0 x325 hf y435e ff3 fs9 fc1 sc0 ls1b ws1f\">Other<span class=\"_ _0\"></span> <span class=\"ls1 ws0\"> </span></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"t m0 x7bd h13 y435f ff5 fs9 fc1 sc0 ls1 ws0\">Equit<span class=\"_ _0\"></span>y </td><td class=\"t m0 x7be h13 y435f ff5 fs9 fc1 sc0 ls38 ws3a\">financial </td><td class=\"t m0 x4e9 h13 y435f ff6 fs9 fc1 sc0 ls2c ws34\">Inve<span class=\"_ _1\"></span>stment </td><td></td><td class=\"t m0 x45d hf y435f ff3 fs9 fc1 sc0 ls111 wsc0\">Equit<span class=\"_ _0\"></span>y </td><td class=\"t m0 x7bf hf y435f ff3 fs9 fc1 sc0 ls187 ws19c\">financial </td><td class=\"t m0 x658 hf y435f ff3 fs9 fc1 sc0 ls187 ws19c\">Investment </td><td></td></tr><tr><td></td><td></td><td class=\"t m0 x7c0 h13 y4360 ff5 fs9 fc1 sc0 ls1 ws0\">securities </td><td class=\"t m0 x45b h13 y4360 ff6 fs9 fc1 sc0 ls3d ws131\">investments </td><td class=\"t m0 x5ef h13 y4360 ff5 fs9 fc1 sc0 ls1 ws0\">proper<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y  </td><td class=\"t m0 x430 h13 y4360 ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x286 hf y4360 ff3 fs9 fc1 sc0 ls168 ws183\">securities </td><td class=\"t m0 x499 hf y4360 ff3 fs9 fc1 sc0 ls187 ws19c\">investments </td><td class=\"t m0 x7c1 hf y4360 ff3 fs9 fc1 sc0 ls3b ws45\">property <span class=\"ls1 ws0\"> </span></td><td class=\"t m0 x1c7 hf y4360 ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x7c2 h13 y4361 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x7c3 h13 y4361 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x7c4 h13 y4361 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x430 h13 y4361 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x26f hf y4361 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x26c hf y4361 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x7c5 hf y4361 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c7 hf y4361 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x7c6 h13 y4362 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x321 h13 y4362 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x464 h13 y4362 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x432 h13 y4362 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x465 hf y4362 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x466 hf y4362 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x467 hf y4362 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 hf y4362 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y41d1 w1d8 h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws0\">As a<span class=\"_ _0\"></span>t 1 Ja<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x7c7 y41d1 w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,392<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7c8 y41d1 w2f h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">20,463<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7c9 y41d1 w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">8,893<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7ca y41d1 w2f h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">31,748<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7cb y41d1 w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,307<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7cc y41d1 w3e h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">16,421<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7cd y41d1 w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">9,372<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7ce y41d1 w3e h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">28,100<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 h1a y4363 ff3 fs6 fc1 sc0 ls56 ws0\">T<span class=\"_ _1\"></span>otal ga<span class=\"_ _0\"></span>ins<span class=\"_ _0\"></span>/(lo<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s) for the y<span class=\"_ _0\"></span>ear<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4189 w114 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c x405 y4189 w20e h11a\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">realised gains<span class=\"_ _1\"></span> or (losses)</div><div class=\"t m0 x7cf h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7d0 y4189 w1e1 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7d1 y4189 w41 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(17)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7d2 y4189 wb4 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(2)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7d3 y4189 w41 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(15)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7d4 y4189 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">24<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7d5 y4189 w3b h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(432)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7d6 y4189 w50 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7d7 y4189 w3b h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(405)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y417f w114 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c x405 y417f w20f h11a\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">unrealised gains<span class=\"_ _1\"></span> or (losses)</div><div class=\"t m0 x7d8 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7d9 y417f w3a h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(208)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7da y417f w3a h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(278)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7db y417f w41 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(20)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7dc y417f w3a h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(506)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7dd y417f w5a h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(34)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7de y417f w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">357<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7df y417f w3b h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(923)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7e0 y417f w3b h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(600)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c0 w210 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10a ws118\">Purchases/<span class=\"_ _1\"></span>Additions<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x7e1 y40c0 w4a h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">789<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7e2 y40c0 w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">5,649<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7e3 y40c0 w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,502<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7e4 y40c0 w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">7,940<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7e5 y40c0 w42 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">278<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7e6 y40c0 w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">6,009<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7e7 y40c0 w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,264<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7e8 y40c0 w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">7,551<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c1 w211 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10a ws118\">Disposals/Dereco<span class=\"_ _0\"></span>gnitions<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x7e9 y40c1 w3a h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(364)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7ea y40c1 w33 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(3,369)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7eb y40c1 w3a h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(552)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7ec y40c1 w33 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(4,285)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7ed y40c1 w3b h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(149)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7ee y40c1 w34 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(2,018)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7ef y40c1 w3b h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(854)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7f0 y40c1 w34 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(3,021)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4182 w212 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">T<span class=\"_ _1\"></span>ransfe<span class=\"_ _0\"></span>rs i<span class=\"_ _0\"></span>nto Lev<span class=\"_ _0\"></span>el 3<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x7f1 y4182 wa4 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7f2 y4182 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">70<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7f3 y4182 wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7f4 y4182 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">70<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7f5 y4182 w50 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7f6 y4182 w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">241<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7f7 y4182 wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7f8 y4182 w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">243<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4183 w213 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">T<span class=\"_ _1\"></span>ransfe<span class=\"_ _0\"></span>rs o<span class=\"_ _0\"></span>ut of L<span class=\"_ _0\"></span>eve<span class=\"_ _0\"></span>l 3<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x7f9 y4183 wa4 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7fa y4183 w3a h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(144)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7fb y4183 wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7fc y4183 w3a h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(144)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7fd y4183 wc0 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(3)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7fe y4183 wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7ff y4183 wbf h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x800 y4183 w6a h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(3)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4184 w214 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">For<span class=\"_ _0\"></span>eig<span class=\"_ _0\"></span>n exc<span class=\"_ _0\"></span>han<span class=\"_ _0\"></span>ge r<span class=\"_ _0\"></span>ate move<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x801 y4184 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">14<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x802 y4184 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">38<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x803 y4184 w1e1 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x804 y4184 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">53<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x805 y4184 w71 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(33)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x806 y4184 w3b h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(115)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x807 y4184 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">31<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x808 y4184 w3b h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(117)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w1db h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls12e wsca\">As at<span class=\"_ _1\"></span> 31<span class=\"_ _1\"></span> December<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x809 y40ae w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,627<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x80a y40ae w215 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">22,412<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x80b y40ae w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">9,822<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x80c y40ae w2f h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">34,861<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x80d y40ae w30 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,392<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x80e y40ae w3e h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">20,463<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x80f y40ae w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">8,893<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x810 y40ae w3e h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">31,748<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"t m0 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs653\">1.<span class=\"_ _1d\"> </span>Re<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d a<span class=\"_ _0\"></span>nd u<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>ed g<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>/(l<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>es) ar<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>ed i<span class=\"_ _0\"></span>n In<span class=\"_ _0\"></span>ves<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t re<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>n in t<span class=\"_ _0\"></span>he C<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed I<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e S<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h59 ff11 fs5 fc2 sc0 ls14 wsad gs654\">Equity s<span class=\"_ _1\"></span>ecurities<span class=\"_ _3b2\"> </span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs655\">Level 3 equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y se<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>es amo<span class=\"_ _0\"></span>unt to \u00a32<span class=\"_ _0\"></span>,62<span class=\"_ _0\"></span>7m (<span class=\"_ _1\"></span>20<span class=\"_ _0\"></span>23<span class=\"_ _0\"></span>: \u00a32<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>92<span class=\"_ _0\"></span>m), of <span class=\"_ _1\"></span>whic<span class=\"_ _0\"></span>h the majo<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y is made up of hold<span class=\"_ _0\"></span>ings in inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y vehi<span class=\"_ _0\"></span>cle<span class=\"_ _0\"></span>s </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs656\">and<span class=\"_ gsec\"> </span>pr<span class=\"_ _0\"></span>ivate inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt fun<span class=\"_ _0\"></span>ds. T<span class=\"_ _0\"></span>hey are valu<span class=\"_ _0\"></span>ed at the pro<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on of the Grou<span class=\"_ _0\"></span>p\u2019s holdin<span class=\"_ _0\"></span>g of the Net As<span class=\"_ _0\"></span>set Value re<span class=\"_ _0\"></span>por<span class=\"_ _3\"></span>ted by the investm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs657\">vehic<span class=\"_ _0\"></span>les<span class=\"_ _0\"></span>.<span class=\"_ gsec\"> </span>O<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y se<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>es are value<span class=\"_ _0\"></span>d by a numbe<span class=\"_ _0\"></span>r of third<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y spe<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>alists us<span class=\"_ _0\"></span>ing a ran<span class=\"_ _0\"></span>ge of techni<span class=\"_ _0\"></span>que<span class=\"_ _0\"></span>s which are of<span class=\"_ _0\"></span>ten de<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>nt on<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs658\">the<span class=\"_ gsec\"> </span>ma<span class=\"_ _0\"></span>turi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y of<span class=\"_ gsec\"> </span>the und<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>lyi<span class=\"_ _0\"></span>ng invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt but c<span class=\"_ _0\"></span>an also de<span class=\"_ _0\"></span>pen<span class=\"_ _0\"></span>d on the ch<span class=\"_ _0\"></span>ara<span class=\"_ _0\"></span>cteri<span class=\"_ _0\"></span>stic<span class=\"_ _0\"></span>s of indiv<span class=\"_ _0\"></span>idua<span class=\"_ _0\"></span>l assets<span class=\"_ _0\"></span>. Su<span class=\"_ _0\"></span>ch tec<span class=\"_ _0\"></span>hniq<span class=\"_ _0\"></span>ues in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>de tran<span class=\"_ _0\"></span>sac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs659\">value<span class=\"_ _0\"></span>s unde<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>inn<span class=\"_ _0\"></span>ed by anal<span class=\"_ _0\"></span>ysis of miles<span class=\"_ _0\"></span>tone ac<span class=\"_ _0\"></span>hieve<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t and cas<span class=\"_ _0\"></span>h runway for earl<span class=\"_ _0\"></span>y/<span class=\"_ _1\"></span>star<span class=\"_ _3\"></span>t-<span class=\"_ _0\"></span>up stag<span class=\"_ _0\"></span>e invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts, dis<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>unted ca<span class=\"_ _0\"></span>sh fl<span class=\"_ _0\"></span>ow mod<span class=\"_ _0\"></span>els </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs65a\">for<span class=\"_ gsec\"> </span>inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nts at the nex<span class=\"_ _0\"></span>t st<span class=\"_ _0\"></span>age of devel<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt and ear<span class=\"_ _0\"></span>nin<span class=\"_ _0\"></span>gs mul<span class=\"_ _0\"></span>tipl<span class=\"_ _0\"></span>es for more matu<span class=\"_ _0\"></span>re invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h15 ff1 fs5 fc2 sc0 ls18 ws1c1 gs65c\">(b) Level <span class=\"_ _278\"></span><span class=\"ls1 ws0\">3<span class=\"ls18\"> asse<span class=\"_ _0\"></span>ts m<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>red at f<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>r va<span class=\"_ _0\"></span>lue <span class=\"ff86 lsd ws7f\">c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>nue<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></span></span></span></div><div class=\"t m2 h58 ff9 fs5 fc2 sc0 ls38 ws3b gs65d\">Other financial in<span class=\"_ _1\"></span>vestments<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs65e\">Lifeti<span class=\"_ _0\"></span>me mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tgag<span class=\"_ _0\"></span>e (L<span class=\"_ _1\"></span>TM) loa<span class=\"_ _0\"></span>ns and reti<span class=\"_ _0\"></span>rem<span class=\"_ _0\"></span>ent intere<span class=\"_ _0\"></span>st on<span class=\"_ _0\"></span>ly mor<span class=\"_ _3\"></span>tgage<span class=\"_ _0\"></span>s amou<span class=\"_ _0\"></span>nt to \u00a35,<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>6<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>m (2023<span class=\"_ _0\"></span>: \u00a35,766<span class=\"_ _0\"></span>m). <span class=\"_ _1\"></span>Lifeti<span class=\"_ _0\"></span>me mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tgag<span class=\"_ _0\"></span>es are valu<span class=\"_ _0\"></span>ed usi<span class=\"_ _0\"></span>ng </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs65f\">a disco<span class=\"_ _0\"></span>unted c<span class=\"_ _0\"></span>ash fl<span class=\"_ _0\"></span>ow mod<span class=\"_ _0\"></span>el by proje<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ng be<span class=\"_ _0\"></span>st esti<span class=\"_ _0\"></span>mate net ass<span class=\"_ _0\"></span>et proc<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>eds an<span class=\"_ _0\"></span>d disco<span class=\"_ _0\"></span>unted us<span class=\"_ _0\"></span>ing rates infer<span class=\"_ _0\"></span>red fro<span class=\"_ _0\"></span>m cur<span class=\"_ _0\"></span>rent L<span class=\"_ _1\"></span>TM lo<span class=\"_ _0\"></span>an pri<span class=\"_ _0\"></span>cin<span class=\"_ _0\"></span>g. </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls7 ws3d gs660\">Th<span class=\"_ _0\"></span>e inf<span class=\"_ _1\"></span>er<span class=\"_ _0\"></span>red illiqui<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>y premi<span class=\"_ _0\"></span>ums for <span class=\"_ _1\"></span>the majo<span class=\"_ _0\"></span>rit<span class=\"_ _0\"></span>y of <span class=\"_ _1\"></span>the por<span class=\"_ _3\"></span>tfoli<span class=\"_ _0\"></span>o range bet<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n 1<span class=\"_ _4\"></span>5<span class=\"_ _0\"></span>0 and 2<span class=\"_ _1\"></span>5<span class=\"_ _0\"></span>0b<span class=\"_ _0\"></span>ps. This ensu<span class=\"_ _0\"></span>res the value of <span class=\"_ _1\"></span>loans at <span class=\"_ _1\"></span>out<span class=\"_ _0\"></span>set is <span class=\"_ _1\"></span>con<span class=\"_ _0\"></span>sisten<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs661\">with th<span class=\"_ _0\"></span>e purc<span class=\"_ _0\"></span>hase pr<span class=\"_ _0\"></span>ice of the lo<span class=\"_ _0\"></span>an and ac<span class=\"_ _0\"></span>hieve<span class=\"_ _0\"></span>s cons<span class=\"_ _0\"></span>isten<span class=\"_ _0\"></span>cy bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en new an<span class=\"_ _0\"></span>d in<span class=\"_ _0\"></span>-for<span class=\"_ _0\"></span>ce loa<span class=\"_ _0\"></span>ns. L<span class=\"_ _0\"></span>ifetim<span class=\"_ _0\"></span>e mor<span class=\"_ _3\"></span>tgages in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>de a no neg<span class=\"_ _0\"></span>ative eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs662\">guar<span class=\"_ _0\"></span>antee (N<span class=\"_ _0\"></span>NE<span class=\"_ _0\"></span>G) <span class=\"_ _1\"></span>to borr<span class=\"_ _0\"></span>owers<span class=\"_ _0\"></span>. This en<span class=\"_ _0\"></span>sure<span class=\"_ _0\"></span>s that if there is a sho<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>fall be<span class=\"_ _0\"></span>twe<span class=\"_ _0\"></span>en th<span class=\"_ _0\"></span>e sale pro<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>s of the prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y an<span class=\"_ _0\"></span>d the ou<span class=\"_ _0\"></span>tsta<span class=\"_ _0\"></span>ndin<span class=\"_ _0\"></span>g loan<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs663\">balan<span class=\"_ _0\"></span>ce o<span class=\"_ _0\"></span>n rede<span class=\"_ _0\"></span>mptio<span class=\"_ _0\"></span>n of the loan<span class=\"_ _0\"></span>, the valu<span class=\"_ _0\"></span>e of the loan will b<span class=\"_ _0\"></span>e redu<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>d by this amou<span class=\"_ _0\"></span>nt. T<span class=\"_ _0\"></span>he NN<span class=\"_ _0\"></span>EG on loa<span class=\"_ _0\"></span>n rede<span class=\"_ _0\"></span>mpti<span class=\"_ _0\"></span>on is value<span class=\"_ _0\"></span>d as a serie<span class=\"_ _0\"></span>s of </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs664\">put<span class=\"_ gsec\"> </span>o<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>, which we cal<span class=\"_ _0\"></span>cul<span class=\"_ _0\"></span>ate using a varia<span class=\"_ _0\"></span>nt of the Blac<span class=\"_ _0\"></span>k-<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>ole<span class=\"_ _0\"></span>s formu<span class=\"_ _0\"></span>la. Key assu<span class=\"_ _0\"></span>mpti<span class=\"_ _0\"></span>ons in the val<span class=\"_ _0\"></span>uatio<span class=\"_ _0\"></span>n of lifetime mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tgag<span class=\"_ _0\"></span>es inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>e </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs665\">sho<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t-<span class=\"_ _0\"></span>term an<span class=\"_ _0\"></span>d long<span class=\"_ _3\"></span>-term p<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y grow<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h rates, pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y ind<span class=\"_ _0\"></span>ex volati<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y, voluntar<span class=\"_ _3\"></span>y earl<span class=\"_ _0\"></span>y repaym<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts and lon<span class=\"_ _0\"></span>gev<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y assu<span class=\"_ _0\"></span>mpti<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e valuatio<span class=\"_ _0\"></span>n </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs666\">as<span class=\"_ gsec\"> </span>at 31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2024 ref<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>cts a co<span class=\"_ _0\"></span>mbin<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of shor<span class=\"_ _0\"></span>t-<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>m and lon<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>-ter<span class=\"_ _0\"></span>m pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y grow<span class=\"_ _0\"></span>th rate assu<span class=\"_ _0\"></span>mpti<span class=\"_ _0\"></span>ons eq<span class=\"_ _0\"></span>uival<span class=\"_ _0\"></span>ent to a flat rate of 3.4% </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs667\">annu<span class=\"_ _0\"></span>ally, after all<span class=\"_ _0\"></span>owing for the ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>ts of dilapi<span class=\"_ _0\"></span>datio<span class=\"_ _0\"></span>n. T<span class=\"_ _0\"></span>he valu<span class=\"_ _0\"></span>es of the prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ties co<span class=\"_ _0\"></span>llateral<span class=\"_ _0\"></span>ising th<span class=\"_ _0\"></span>e L<span class=\"_ _1\"></span>TM loans are up<span class=\"_ _0\"></span>dated fro<span class=\"_ _0\"></span>m the date of the </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs668\">last pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y valu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n to the valuatio<span class=\"_ _0\"></span>n date by indexin<span class=\"_ _0\"></span>g using U<span class=\"_ _0\"></span>K regio<span class=\"_ _0\"></span>nal ho<span class=\"_ _0\"></span>use pr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e indic<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs669\">Pri<span class=\"_ _0\"></span>vate credi<span class=\"_ _0\"></span>t loan<span class=\"_ _0\"></span>s (inc<span class=\"_ _0\"></span>ludi<span class=\"_ _0\"></span>ng co<span class=\"_ _0\"></span>mme<span class=\"_ _0\"></span>rci<span class=\"_ _0\"></span>al real est<span class=\"_ _0\"></span>ate loans) amount to \u00a31<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>,779<span class=\"_ _0\"></span>m (202<span class=\"_ _0\"></span>3: \u00a310,5<span class=\"_ _0\"></span>7<span class=\"_ _1\"></span>4<span class=\"_ _0\"></span>m). <span class=\"_ _1\"></span>Th<span class=\"_ _0\"></span>eir valu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n is determ<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d by disco<span class=\"_ _0\"></span>unted<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs66a\">fut<span class=\"_ _0\"></span>ure cas<span class=\"_ _0\"></span>h flows whi<span class=\"_ _0\"></span>ch are base<span class=\"_ _0\"></span>d on the yi<span class=\"_ _0\"></span>eld c<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ve of the As<span class=\"_ _0\"></span>set Ma<span class=\"_ _0\"></span>nage<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt app<span class=\"_ _0\"></span>roved co<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>rab<span class=\"_ _0\"></span>le bo<span class=\"_ _0\"></span>nds and th<span class=\"_ _0\"></span>e initi<span class=\"_ _0\"></span>al spre<span class=\"_ _0\"></span>ad, bot<span class=\"_ _0\"></span>h of which </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs66b\">are agre<span class=\"_ _0\"></span>ed by IHS M<span class=\"_ _0\"></span>ark<span class=\"_ _0\"></span>it wh<span class=\"_ _0\"></span>o also provid<span class=\"_ _0\"></span>e an inde<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>ent valu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of compa<span class=\"_ _0\"></span>rab<span class=\"_ _0\"></span>le bo<span class=\"_ _0\"></span>nds<span class=\"_ _0\"></span>. Uno<span class=\"_ _0\"></span>bse<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vab<span class=\"_ _0\"></span>le inp<span class=\"_ _0\"></span>uts that g<span class=\"_ _0\"></span>o into the deter<span class=\"_ _0\"></span>minat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs66c\">of<span class=\"_ gsec\"> </span>com<span class=\"_ _0\"></span>par<span class=\"_ _0\"></span>ators inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>e ratin<span class=\"_ _0\"></span>g, se<span class=\"_ _0\"></span>ctor, sub<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ctor, per<span class=\"_ _0\"></span>form<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e dy<span class=\"_ _0\"></span>nami<span class=\"_ _0\"></span>cs<span class=\"_ _0\"></span>, fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cing s<span class=\"_ _0\"></span>tru<span class=\"_ _0\"></span>ctu<span class=\"_ _0\"></span>re and dur<span class=\"_ _0\"></span>ation of invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt. E<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>istin<span class=\"_ _0\"></span>g pri<span class=\"_ _0\"></span>vate credi<span class=\"_ _0\"></span>t </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs66d\">invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts, whi<span class=\"_ _0\"></span>ch were exe<span class=\"_ _0\"></span>cute<span class=\"_ _0\"></span>d as far back as 201<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>, are subje<span class=\"_ _0\"></span>ct to a range of interes<span class=\"_ _0\"></span>t rate formats<span class=\"_ _0\"></span>, alth<span class=\"_ _0\"></span>oug<span class=\"_ _0\"></span>h the majo<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y are fixe<span class=\"_ _0\"></span>d rate. The<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs66e\">weighte<span class=\"_ _0\"></span>d average du<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>on of the por<span class=\"_ _3\"></span>tfol<span class=\"_ _0\"></span>io is 7<span class=\"_ _4\"></span>.6 years<span class=\"_ _0\"></span>, wit<span class=\"_ _0\"></span>h a weighted averag<span class=\"_ _0\"></span>e life of 1<span class=\"_ _4\"></span>1.0 <span class=\"_ _1\"></span>year<span class=\"_ _0\"></span>s. Matu<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ties in th<span class=\"_ _0\"></span>e por<span class=\"_ _3\"></span>tfoli<span class=\"_ _0\"></span>o curr<span class=\"_ _0\"></span>entl<span class=\"_ _0\"></span>y ex<span class=\"_ _0\"></span>tend </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs66f\">out<span class=\"_ gsec\"> </span>to<span class=\"_ gsec\"> </span>20<span class=\"_ _0\"></span>7<span class=\"_ _1\"></span>4. The pr<span class=\"_ _0\"></span>ivate cre<span class=\"_ _0\"></span>dit p<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>foli<span class=\"_ _0\"></span>o of assets has inter<span class=\"_ _0\"></span>nal rati<span class=\"_ _0\"></span>ngs ass<span class=\"_ _0\"></span>igne<span class=\"_ _0\"></span>d by an inde<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>nt cre<span class=\"_ _0\"></span>dit team in lin<span class=\"_ _0\"></span>e with inter<span class=\"_ _0\"></span>nall<span class=\"_ _0\"></span>y devel<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs670\">meth<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>olo<span class=\"_ _0\"></span>gie<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>hese c<span class=\"_ _0\"></span>redi<span class=\"_ _0\"></span>t ratin<span class=\"_ _0\"></span>gs rang<span class=\"_ _0\"></span>e from A<span class=\"_ _3\"></span>A<span class=\"_ _3\"></span>A to <span class=\"_ _1\"></span>BB<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs671\">Pri<span class=\"_ _0\"></span>vate place<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts he<span class=\"_ _0\"></span>ld by the US bus<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>ss amo<span class=\"_ _0\"></span>unt to \u00a32<span class=\"_ _0\"></span>,<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>81<span class=\"_ _1\"></span>m (2023<span class=\"_ _0\"></span>: \u00a31,68<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>m). They are valu<span class=\"_ _0\"></span>ed usi<span class=\"_ _0\"></span>ng a pric<span class=\"_ _0\"></span>ing mat<span class=\"_ _0\"></span>rix co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>rise<span class=\"_ _0\"></span>d of a public<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs672\">spre<span class=\"_ _0\"></span>ad matri<span class=\"_ _0\"></span>x, in<span class=\"_ _0\"></span>terna<span class=\"_ _0\"></span>l rating<span class=\"_ _0\"></span>s assign<span class=\"_ _0\"></span>ed to each h<span class=\"_ _0\"></span>oldi<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>, average life of eac<span class=\"_ _0\"></span>h holdi<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>, and a prem<span class=\"_ _0\"></span>ium spre<span class=\"_ _0\"></span>ad matr<span class=\"_ _0\"></span>ix<span class=\"_ _0\"></span>. The<span class=\"_ _0\"></span>se are add<span class=\"_ _0\"></span>ed to the </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs673\">risk-<span class=\"_ _0\"></span>fre<span class=\"_ _0\"></span>e rate to calcul<span class=\"_ _0\"></span>ate the disco<span class=\"_ _0\"></span>unted c<span class=\"_ _0\"></span>ash fl<span class=\"_ _0\"></span>ows and est<span class=\"_ _0\"></span>ablis<span class=\"_ _0\"></span>h a market valu<span class=\"_ _0\"></span>e for each inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt gra<span class=\"_ _0\"></span>de pri<span class=\"_ _0\"></span>vate plac<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>. The val<span class=\"_ _0\"></span>uatio<span class=\"_ _0\"></span>n </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs674\">as<span class=\"_ gsec\"> </span>at<span class=\"_ gsec\"> </span>31 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>24 refle<span class=\"_ _0\"></span>cts ill<span class=\"_ _0\"></span>iquid<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y pre<span class=\"_ _0\"></span>mium<span class=\"_ _0\"></span>s bet<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n 20 and 70<span class=\"_ _0\"></span>bps<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs675\">Inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e stri<span class=\"_ _0\"></span>p assets am<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nt to \u00a31<span class=\"_ _1\"></span>,28<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>m (202<span class=\"_ _0\"></span>3: \u00a31,3<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>6m). The<span class=\"_ _0\"></span>ir valuati<span class=\"_ _0\"></span>on is ou<span class=\"_ _0\"></span>tsou<span class=\"_ _0\"></span>rce<span class=\"_ _0\"></span>d to Knight Fra<span class=\"_ _0\"></span>nk and CB<span class=\"_ _0\"></span>RE wh<span class=\"_ _0\"></span>o appl<span class=\"_ _0\"></span>y a yield to matur<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs676\">to<span class=\"_ gsec\"> </span>disco<span class=\"_ _0\"></span>unted fu<span class=\"_ _0\"></span>ture c<span class=\"_ _0\"></span>ash fl<span class=\"_ _0\"></span>ows to derive valu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns. T<span class=\"_ _0\"></span>he overa<span class=\"_ _0\"></span>ll valuati<span class=\"_ _0\"></span>on takes into acc<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nt the pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y lo<span class=\"_ _0\"></span>cati<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>, tenant de<span class=\"_ _0\"></span>tails<span class=\"_ _0\"></span>, tenure<span class=\"_ _0\"></span>, rent<span class=\"_ _0\"></span>, </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs677\">renta<span class=\"_ _0\"></span>l break ter<span class=\"_ _0\"></span>ms, l<span class=\"_ _0\"></span>ease exp<span class=\"_ _0\"></span>iri<span class=\"_ _0\"></span>es and un<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>ly<span class=\"_ _0\"></span>ing resi<span class=\"_ _0\"></span>dual val<span class=\"_ _0\"></span>ue of the prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ty. The valu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n as at 31 <span class=\"_ _1\"></span>De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>24 refl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ts equi<span class=\"_ _0\"></span>vale<span class=\"_ _0\"></span>nt yie<span class=\"_ _0\"></span>ld </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs678\">rang<span class=\"_ _0\"></span>es be<span class=\"_ _0\"></span>twe<span class=\"_ _0\"></span>en 2<span class=\"_ _0\"></span>% and 1<span class=\"_ _1\"></span>7% and es<span class=\"_ _0\"></span>tima<span class=\"_ _0\"></span>ted rental val<span class=\"_ _0\"></span>ues (E<span class=\"_ _0\"></span>RV<span class=\"_ _0\"></span>) b<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n \u00a37 and \u00a3<span class=\"_ _0\"></span>367 pe<span class=\"_ _0\"></span>r sq.f<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs679\">Co<span class=\"_ _0\"></span>mm<span class=\"_ _0\"></span>erci<span class=\"_ _0\"></span>al mor<span class=\"_ _3\"></span>tgage loa<span class=\"_ _0\"></span>ns amo<span class=\"_ _0\"></span>unt to \u00a38<span class=\"_ _0\"></span>4<span class=\"_ _3\"></span>3m (202<span class=\"_ _0\"></span>3: \u00a37<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>m) <span class=\"_ _1\"></span>and are de<span class=\"_ _0\"></span>term<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d by inco<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>orat<span class=\"_ _0\"></span>ing cre<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t risk for per<span class=\"_ _3\"></span>formi<span class=\"_ _0\"></span>ng loa<span class=\"_ _0\"></span>ns at the </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs67a\">por<span class=\"_ _3\"></span>tfol<span class=\"_ _0\"></span>io level an<span class=\"_ _0\"></span>d adjus<span class=\"_ _0\"></span>ted for loans id<span class=\"_ _0\"></span>enti<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ed to be distre<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>d at the loan le<span class=\"_ _0\"></span>vel. T<span class=\"_ _0\"></span>he pro<span class=\"_ _0\"></span>jec<span class=\"_ _0\"></span>ted cas<span class=\"_ _0\"></span>h flows of eac<span class=\"_ _0\"></span>h loan are disc<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nted alo<span class=\"_ _0\"></span>ng </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs67b\">stoc<span class=\"_ _0\"></span>hasti<span class=\"_ _0\"></span>c risk-<span class=\"_ _0\"></span>fre<span class=\"_ _0\"></span>e rate paths and are in<span class=\"_ _0\"></span>clus<span class=\"_ _0\"></span>ive of an Optio<span class=\"_ _0\"></span>n Adjus<span class=\"_ _0\"></span>ted Spre<span class=\"_ _0\"></span>ad (OAS), de<span class=\"_ _0\"></span>rive<span class=\"_ _0\"></span>d from cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nt inter<span class=\"_ _0\"></span>nal pr<span class=\"_ _0\"></span>icin<span class=\"_ _0\"></span>g on new lo<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>, alon<span class=\"_ _0\"></span>g </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs67c\">with<span class=\"_ gsec\"> </span>t<span class=\"_ _0\"></span>he bes<span class=\"_ _0\"></span>t obse<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ble inp<span class=\"_ _0\"></span>uts<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e valuati<span class=\"_ _0\"></span>on as at 31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2024 ref<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>cts illiq<span class=\"_ _0\"></span>uidi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y prem<span class=\"_ _0\"></span>iums b<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n 20 and 50<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>ps.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs67d\">Ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r debt se<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>es whic<span class=\"_ _0\"></span>h are not trad<span class=\"_ _0\"></span>ed in an ac<span class=\"_ _0\"></span>tive mar<span class=\"_ _0\"></span>ket amou<span class=\"_ _0\"></span>nt to \u00a346<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>m (202<span class=\"_ _0\"></span>3: \u00a3<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>49m). They have be<span class=\"_ _0\"></span>en valu<span class=\"_ _0\"></span>ed usi<span class=\"_ _0\"></span>ng third<span class=\"_ _3\"></span>-p<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y or<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs67e\">cou<span class=\"_ _0\"></span>nter<span class=\"_ _0\"></span>par<span class=\"_ _3\"></span>ty valu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns, an<span class=\"_ _0\"></span>d thes<span class=\"_ _0\"></span>e pric<span class=\"_ _0\"></span>es are co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>d to be unobs<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ble du<span class=\"_ _0\"></span>e to infreque<span class=\"_ _0\"></span>nt mar<span class=\"_ _0\"></span>ket tran<span class=\"_ _0\"></span>sac<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s. </div><div class=\"t m2 h58 ff9 fs5 fc2 sc0 lsf ws38 gs67f\">Inv<span class=\"_ _1\"></span>estment property<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs680\">Level 3 invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ty am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ting to \u00a39,<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2m (202<span class=\"_ _0\"></span>3: \u00a3<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>89<span class=\"_ _0\"></span>3m) is valued wi<span class=\"_ _0\"></span>th the invol<span class=\"_ _0\"></span>vem<span class=\"_ _0\"></span>ent of ex<span class=\"_ _0\"></span>tern<span class=\"_ _0\"></span>al value<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>. All pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y valua<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s in </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs681\">the UK are c<span class=\"_ _0\"></span>arr<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d out in ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>rdan<span class=\"_ _0\"></span>ce wit<span class=\"_ _0\"></span>h the latest ed<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>on of the Valuatio<span class=\"_ _0\"></span>n S<span class=\"_ _0\"></span>tand<span class=\"_ _0\"></span>ards pu<span class=\"_ _0\"></span>blish<span class=\"_ _0\"></span>ed by the Royal In<span class=\"_ _0\"></span>stit<span class=\"_ _0\"></span>ute of Char<span class=\"_ _0\"></span>tere<span class=\"_ _0\"></span>d Su<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>veyo<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>, and </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs682\">are und<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>aken by appro<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>iately qu<span class=\"_ _0\"></span>alif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d value<span class=\"_ _0\"></span>rs as def<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d the<span class=\"_ _0\"></span>rein<span class=\"_ _0\"></span>. Ou<span class=\"_ _0\"></span>tsid<span class=\"_ _0\"></span>e the UK<span class=\"_ _0\"></span>, valu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns are prod<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>ed in co<span class=\"_ _0\"></span>njun<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on wit<span class=\"_ _0\"></span>h ex<span class=\"_ _0\"></span>terna<span class=\"_ _0\"></span>l qualif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 lsd ws7f gs683\">professi<span class=\"_ _0\"></span>onal valu<span class=\"_ _0\"></span>es in the count<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>s conc<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>d. Whil<span class=\"_ _0\"></span>st trans<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>ion evid<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ce und<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>pins the valuat<span class=\"_ _0\"></span>ion pro<span class=\"_ _0\"></span>ces<span class=\"_ _0\"></span>s, the def<span class=\"_ _0\"></span>ini<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of <span class=\"_ _1\"></span>mar<span class=\"_ _0\"></span>ket value, inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 lsd ws7f gs684\">the co<span class=\"_ _0\"></span>mme<span class=\"_ _0\"></span>ntar<span class=\"_ _3\"></span>y, <span class=\"_ _1\"></span>in practi<span class=\"_ _0\"></span>ce requ<span class=\"_ _0\"></span>ires the value<span class=\"_ _0\"></span>r to <span class=\"_ _1\"></span>refl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t the realiti<span class=\"_ _0\"></span>es of <span class=\"_ _1\"></span>the cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>t market<span class=\"_ _0\"></span>. In <span class=\"_ _1\"></span>this con<span class=\"_ _0\"></span>tex<span class=\"_ _0\"></span>t, value<span class=\"_ _0\"></span>rs mus<span class=\"_ _0\"></span>t use their mar<span class=\"_ _0\"></span>ket<span class=\"_ gsec\"> </span>kn<span class=\"_ _0\"></span>owle<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs685\">and profess<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>al judg<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent an<span class=\"_ _0\"></span>d not rely onl<span class=\"_ _0\"></span>y upo<span class=\"_ _0\"></span>n mar<span class=\"_ _0\"></span>ket senti<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t based o<span class=\"_ _0\"></span>n histori<span class=\"_ _0\"></span>c trans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>al com<span class=\"_ _0\"></span>par<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>es.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs686\">Th<span class=\"_ _0\"></span>e valuati<span class=\"_ _0\"></span>on of investm<span class=\"_ _0\"></span>ent pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es also in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>es an inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e app<span class=\"_ _0\"></span>roac<span class=\"_ _0\"></span>h that is base<span class=\"_ _0\"></span>d on cur<span class=\"_ _0\"></span>rent ren<span class=\"_ _0\"></span>tal inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e plus ant<span class=\"_ _0\"></span>icip<span class=\"_ _0\"></span>ated upli<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ts,<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs687\">whe<span class=\"_ _0\"></span>re<span class=\"_ gsec\"> </span>the up<span class=\"_ _0\"></span>lif<span class=\"_ _0\"></span>t and dis<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>unt rates are de<span class=\"_ _0\"></span>rive<span class=\"_ _0\"></span>d from rates im<span class=\"_ _0\"></span>plie<span class=\"_ _0\"></span>d by rece<span class=\"_ _0\"></span>nt mar<span class=\"_ _0\"></span>ket trans<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s. Th<span class=\"_ _0\"></span>ese in<span class=\"_ _0\"></span>put<span class=\"_ _0\"></span>s are dee<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>d uno<span class=\"_ _0\"></span>bser<span class=\"_ _3\"></span>vabl<span class=\"_ _0\"></span>e. </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs688\">Th<span class=\"_ _0\"></span>e<span class=\"_ gsec\"> </span>valuat<span class=\"_ _0\"></span>ion as at 31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>24 refle<span class=\"_ _0\"></span>cts e<span class=\"_ _0\"></span>quiva<span class=\"_ _0\"></span>len<span class=\"_ _0\"></span>t yiel<span class=\"_ _0\"></span>d rang<span class=\"_ _0\"></span>es bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en 1<span class=\"_ _1\"></span>% and 5<span class=\"_ _0\"></span>3% and E<span class=\"_ _0\"></span>RV be<span class=\"_ _0\"></span>twe<span class=\"_ _0\"></span>en \u00a3<span class=\"_ _0\"></span>2 and \u00a3<span class=\"_ _0\"></span>36<span class=\"_ _0\"></span>9 per sq<span class=\"_ _0\"></span>.f<span class=\"_ _0\"></span>t.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs689\">Th<span class=\"_ _0\"></span>e table b<span class=\"_ _0\"></span>elow sh<span class=\"_ _0\"></span>ows the valuat<span class=\"_ _0\"></span>ion of invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ty by sec<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>:<span class=\"_ _3b2\"> </span></div><div class=\"gs68a\"><table class=\"s w15d h159\" id=\"_9ba6922f-b139-473a-b71a-e64f7d42c59b\"><tr><td></td><td class=\"t m2 x1c6 h13 y4364 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y4364 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x1c8 h13 y4365 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y4365 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y40bf w112 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls112 ws6\">Retail<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x811 y40bf w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,242<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x812 y40bf w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,169<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y418c w216 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws132\">Leisure<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x209 y418c w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">493<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x20a y418c w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">451<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c1 w217 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls112 ws6\">Distri<span class=\"_ _0\"></span>butio<span class=\"_ _0\"></span>n<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x813 y40c1 w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,058<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x814 y40c1 w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,076<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c2 w218 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws54\">Off<span class=\"_ _0\"></span>ice space<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1d2 y40c2 w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,876<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1d3 y40c2 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,768<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w219 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 lsea ws27\">Industrial and other commercial<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1e9 y4121 w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,805<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1ea y4121 w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,714<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4158 w21a h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls12e ws142\">Accommodat<span class=\"_ _1\"></span>ion<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1e9 y4158 w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,348<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1ea y4158 w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,715<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w21b h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws0\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1e7 y40ae w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">9,822<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1e8 y40ae w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">8,893<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"t m0 h15 ff1 fs5 fc2 sc0 ls18 ws0 gs68c\">(<span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>) <span class=\"_ _4c\"> </span>Ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t of cha<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ges i<span class=\"_ _0\"></span>n as<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>mpt<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s on Le<span class=\"_ _0\"></span>vel <span class=\"ls1\">3<span class=\"lsac ws8\"> assets<span class=\"_ _3b2\"> </span></span></span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs68d\">Fair valu<span class=\"_ _0\"></span>es of fina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al instr<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s are, in ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tai<span class=\"_ _0\"></span>n circu<span class=\"_ _0\"></span>mst<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, measu<span class=\"_ _0\"></span>red usi<span class=\"_ _0\"></span>ng valu<span class=\"_ _0\"></span>ation tec<span class=\"_ _0\"></span>hni<span class=\"_ _0\"></span>que<span class=\"_ _0\"></span>s that inc<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>por<span class=\"_ _0\"></span>ate assum<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>ns that are </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs68e\">not<span class=\"_ gsec\"> </span>evi<span class=\"_ _0\"></span>den<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>d by pric<span class=\"_ _0\"></span>es fro<span class=\"_ _0\"></span>m obse<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vab<span class=\"_ _0\"></span>le cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>t market tr<span class=\"_ _0\"></span>ansa<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ons in the sa<span class=\"_ _0\"></span>me ins<span class=\"_ _0\"></span>tru<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt and are not bas<span class=\"_ _0\"></span>ed on ob<span class=\"_ _0\"></span>ser<span class=\"_ _3\"></span>vable ma<span class=\"_ _0\"></span>rket data<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 lsd ws7f gs68f\">Wh<span class=\"_ _0\"></span>ere materi<span class=\"_ _0\"></span>al, the Grou<span class=\"_ _0\"></span>p assess<span class=\"_ _0\"></span>es the sensi<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y of fair <span class=\"_ _1\"></span>valu<span class=\"_ _0\"></span>es of <span class=\"_ _1\"></span>Level 3 investm<span class=\"_ _0\"></span>ents to chang<span class=\"_ _0\"></span>es in unobse<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ble inp<span class=\"_ _0\"></span>uts to reasonab<span class=\"_ _0\"></span>le alter<span class=\"_ _0\"></span>native<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 lsd ws7f gs690\">assu<span class=\"_ _0\"></span>mptio<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>. The tabl<span class=\"_ _0\"></span>e below shows the impa<span class=\"_ _0\"></span>ct of applyi<span class=\"_ _0\"></span>ng thes<span class=\"_ _0\"></span>e sensi<span class=\"_ _0\"></span>tivi<span class=\"_ _0\"></span>ties to the fair value of <span class=\"_ _1\"></span>Level 3 assets as at <span class=\"_ _1\"></span>31 Dec<span class=\"_ _0\"></span>emb<span class=\"_ _0\"></span>er<span class=\"_ gsec\"> </span>2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>24. Fur<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 lsd ws7f gs691\">discl<span class=\"_ _0\"></span>osu<span class=\"_ _0\"></span>re on how these sensi<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>itie<span class=\"_ _0\"></span>s have <span class=\"_ _1\"></span>be<span class=\"_ _0\"></span>en app<span class=\"_ _0\"></span>lied ca<span class=\"_ _0\"></span>n be found in the descr<span class=\"_ _0\"></span>iptio<span class=\"_ _0\"></span>ns followin<span class=\"_ _0\"></span>g the table.<span class=\"_ _3b2\"> </span></div><div class=\"gs692\"><table class=\"s w13f h15a\" id=\"_ded7562a-f7f0-4e0f-a4f4-ba3ae346cb99\"><tr><td></td><td></td><td></td><td class=\"t m0 x1c6 h13 y4366 ff6 fs9 fc1 sc0 ls38 ws3a\">Sensitivities<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m0 x4ec h13 y4367 ff6 fs9 fc1 sc0 ls18 ws32\">Fai<span class=\"_ _0\"></span>r val<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>e 202<span class=\"_ _0\"></span>4<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x26c h13 y4367 ff6 fs9 fc1 sc0 ls38 ws3a\">Positive<span class=\"_ _1\"></span> impact </td><td class=\"t m0 x815 h13 y4367 ff6 fs9 fc1 sc0 ls18 ws32\">Ne<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ive im<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t </td></tr><tr><td></td><td class=\"t m0 x433 h13 y4368 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c8 h13 y4368 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 h13 y4368 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y42f5 w21c h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls113 ws5b\">Lifet<span class=\"_ _1\"></span>ime mortgages<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x816 y42f5 w36 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">5,861<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x402 y42f5 w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">237<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x817 y42f5 w3a h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(289)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4192 w21d h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls11e ws5c\">Privat<span class=\"_ _1\"></span>e credit<span class=\"_ _1\"></span> por<span class=\"_ _0\"></span>tfolios<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x818 y4192 w93 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">14,803<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x819 y4192 w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">647<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x81a y4192 w3a h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(647)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y419e w7f h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws23\">Inv<span class=\"_ _1\"></span>estment<span class=\"_ _1\"></span> property<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x718 y419e w36 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">9,822<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x81b y419e w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">776<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x81c y419e w3a h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(776)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y4108 w1da h11a\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Other investments</div><div class=\"t m0 x664 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x709 y4158 w36 h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">4,375<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x81d y4158 w4a h118\"><div class=\"t m0 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">289<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x81e y4158 w3a h118\"><div class=\"t m0 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">(349)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w21e h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l Leve<span class=\"_ _0\"></span>l 3 asse<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x81f y40ae w2f h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">34,861<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x820 y40ae w36 h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">1,949<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x821 y40ae w33 h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">(2,061)<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"t m0 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs693\">1. <span class=\"_ _15\"> </span>O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er i<span class=\"_ _0\"></span>nve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s in<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>de L<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>el 3 e<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y se<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, in<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e s<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ip a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>nd o<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r tr<span class=\"_ _0\"></span>ad<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d de<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>t se<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s w<span class=\"_ _0\"></span>hi<span class=\"_ _0\"></span>ch a<span class=\"_ _0\"></span>re L<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>el 3<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs694\">Th<span class=\"_ _0\"></span>e sensi<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>itie<span class=\"_ _0\"></span>s are not a func<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of sensiti<span class=\"_ _0\"></span>sing a sing<span class=\"_ _0\"></span>le vari<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e relatin<span class=\"_ _0\"></span>g to the valuatio<span class=\"_ _0\"></span>n of the asset<span class=\"_ _0\"></span>, but ra<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r a funct<span class=\"_ _0\"></span>ion of fl<span class=\"_ _0\"></span>exin<span class=\"_ _0\"></span>g multi<span class=\"_ _0\"></span>ple<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs695\">factor<span class=\"_ _0\"></span>s of<span class=\"_ _0\"></span>ten at indiv<span class=\"_ _0\"></span>idua<span class=\"_ _0\"></span>l asset leve<span class=\"_ _0\"></span>l. T<span class=\"_ _0\"></span>he followi<span class=\"_ _0\"></span>ng sets ou<span class=\"_ _0\"></span>t a numb<span class=\"_ _0\"></span>er of key factors by asse<span class=\"_ _0\"></span>t ty<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>, and how the<span class=\"_ _0\"></span>y have bee<span class=\"_ _0\"></span>n flexe<span class=\"_ _0\"></span>d to derive<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls10 ws12 gs696\">reasonable alt<span class=\"_ _1\"></span>ernative v<span class=\"_ _1\"></span>aluations.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h58 ff9 fs5 fc2 sc0 ls11 ws7e gs697\">Lifetime<span class=\"_ _1\"></span> mortgages<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs698\">Key assu<span class=\"_ _0\"></span>mptio<span class=\"_ _0\"></span>ns us<span class=\"_ _0\"></span>ed in t<span class=\"_ _0\"></span>he valu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of lifetim<span class=\"_ _0\"></span>e mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tgag<span class=\"_ _0\"></span>e asse<span class=\"_ _0\"></span>ts are lis<span class=\"_ _0\"></span>ted in N<span class=\"_ _0\"></span>ote 1<span class=\"_ _1\"></span>2(ii)(<span class=\"_ _0\"></span>b) and sens<span class=\"_ _0\"></span>itiv<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>es are ap<span class=\"_ _0\"></span>pli<span class=\"_ _0\"></span>ed to de<span class=\"_ _0\"></span>rive th<span class=\"_ _0\"></span>e valu<span class=\"_ _0\"></span>es in<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs699\">the ab<span class=\"_ _0\"></span>ove table<span class=\"_ _0\"></span>. The m<span class=\"_ _0\"></span>ost sig<span class=\"_ _0\"></span>nif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant sen<span class=\"_ _0\"></span>siti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ty by valu<span class=\"_ _0\"></span>e is -20<span class=\"_ _0\"></span>bps of market sp<span class=\"_ _0\"></span>read an<span class=\"_ _0\"></span>d over<span class=\"_ _0\"></span>valu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of prope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y valu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns by 1<span class=\"_ _1\"></span>0% acro<span class=\"_ _0\"></span>ss the<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs69a\">por<span class=\"_ _3\"></span>tfol<span class=\"_ _0\"></span>io whic<span class=\"_ _0\"></span>h, ap<span class=\"_ _0\"></span>plie<span class=\"_ _0\"></span>d in isolat<span class=\"_ _0\"></span>ion pro<span class=\"_ _0\"></span>du<span class=\"_ _0\"></span>ces se<span class=\"_ _0\"></span>nsi<span class=\"_ _0\"></span>tise<span class=\"_ _0\"></span>d values of \u00a3143<span class=\"_ _0\"></span>m and \u00a3(1<span class=\"_ _1\"></span>52)m<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h58 ff9 fs5 fc2 sc0 ls1 ws16 gs69b\">Private<span class=\"_ _1\"></span> credit por<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>folios<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h9 ff3 fs5 fc1 sc0 lsd ws0 gs69c\">Th<span class=\"_ _0\"></span>e sen<span class=\"_ _0\"></span>siti<span class=\"_ _0\"></span>vit<span class=\"_ _0\"></span>y i<span class=\"_ _0\"></span>n the p<span class=\"_ _0\"></span>rivate c<span class=\"_ _0\"></span>redi<span class=\"_ _0\"></span>t po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>folio h<span class=\"_ _0\"></span>as be<span class=\"_ _0\"></span>en d<span class=\"_ _0\"></span>eter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ed th<span class=\"_ _0\"></span>roug<span class=\"_ _0\"></span>h a met<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>d whic<span class=\"_ _0\"></span>h esti<span class=\"_ _0\"></span>mates inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent sp<span class=\"_ _0\"></span>read va<span class=\"_ _0\"></span>lue p<span class=\"_ _0\"></span>remi<span class=\"_ _0\"></span>um dif<span class=\"_ _0\"></span>fer<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs69d\">as com<span class=\"_ _0\"></span>pare<span class=\"_ _0\"></span>d to the insti<span class=\"_ _0\"></span>tuti<span class=\"_ _0\"></span>onal inve<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent mar<span class=\"_ _0\"></span>ket<span class=\"_ _0\"></span>. Indiv<span class=\"_ _0\"></span>idu<span class=\"_ _0\"></span>al investm<span class=\"_ _0\"></span>ent c<span class=\"_ _0\"></span>hara<span class=\"_ _0\"></span>cter<span class=\"_ _0\"></span>isti<span class=\"_ _0\"></span>cs of each ho<span class=\"_ _0\"></span>ldi<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>, such as cre<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t rating an<span class=\"_ _0\"></span>d durati<span class=\"_ _0\"></span>on are </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs69e\">use<span class=\"_ _0\"></span>d to determin<span class=\"_ _0\"></span>e spre<span class=\"_ _0\"></span>ad dif<span class=\"_ _0\"></span>feren<span class=\"_ _0\"></span>tials for the pu<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>s of determi<span class=\"_ _0\"></span>ning al<span class=\"_ _0\"></span>tern<span class=\"_ _0\"></span>ate values<span class=\"_ _0\"></span>. Spre<span class=\"_ _0\"></span>ad dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>ntials are de<span class=\"_ _0\"></span>term<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d to be lower for highl<span class=\"_ _0\"></span>y </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs69f\">rated and<span class=\"_ _0\"></span>/or shor<span class=\"_ _3\"></span>ter duratio<span class=\"_ _0\"></span>n asse<span class=\"_ _0\"></span>ts as com<span class=\"_ _0\"></span>pare<span class=\"_ _0\"></span>d to lower rated and/or lon<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>r durati<span class=\"_ _0\"></span>on asse<span class=\"_ _0\"></span>ts. A sign<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ica<span class=\"_ _0\"></span>nt co<span class=\"_ _0\"></span>mpo<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>nt of the sprea<span class=\"_ _0\"></span>d dif<span class=\"_ _0\"></span>feren<span class=\"_ _0\"></span>tial </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs6a0\">is in relatio<span class=\"_ _0\"></span>n to the sele<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on of com<span class=\"_ _0\"></span>para<span class=\"_ _0\"></span>tor bon<span class=\"_ _0\"></span>ds, wh<span class=\"_ _0\"></span>ich is the p<span class=\"_ _0\"></span>otential dif<span class=\"_ _0\"></span>fer<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>e in spre<span class=\"_ _0\"></span>ad of the basket of relevan<span class=\"_ _0\"></span>t com<span class=\"_ _0\"></span>par<span class=\"_ _0\"></span>ators dete<span class=\"_ _0\"></span>rmi<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>d by </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs6a1\">resp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tive inves<span class=\"_ _0\"></span>tors<span class=\"_ _0\"></span>. If we were t<span class=\"_ _1\"></span>o take an A<span class=\"_ _0\"></span>A rated ass<span class=\"_ _0\"></span>et it may at<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>ct a sprea<span class=\"_ _0\"></span>d dif<span class=\"_ _0\"></span>feren<span class=\"_ _0\"></span>tial of 20b<span class=\"_ _0\"></span>ps on the se<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>ctio<span class=\"_ _0\"></span>n of com<span class=\"_ _0\"></span>parator b<span class=\"_ _0\"></span>ond<span class=\"_ _0\"></span>s as </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs6a2\">opp<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>d to 40<span class=\"_ _0\"></span>bp<span class=\"_ _0\"></span>s for a similar dur<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n BBB rate<span class=\"_ _0\"></span>d asset<span class=\"_ _0\"></span>. Ap<span class=\"_ _0\"></span>plie<span class=\"_ _0\"></span>d in isola<span class=\"_ _0\"></span>tion th<span class=\"_ _0\"></span>e sensi<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y use<span class=\"_ _0\"></span>d to refle<span class=\"_ _0\"></span>ct the sp<span class=\"_ _0\"></span>read in co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>arator bo<span class=\"_ _0\"></span>nd </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs6a3\">sel<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tion res<span class=\"_ _0\"></span>ults in se<span class=\"_ _0\"></span>nsi<span class=\"_ _0\"></span>tise<span class=\"_ _0\"></span>d values of \u00a3<span class=\"_ _0\"></span>23<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>m and \u00a3(23<span class=\"_ _0\"></span>8)m<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h58 ff9 fs5 fc2 sc0 lsf ws38 gs6a4\">Inv<span class=\"_ _1\"></span>estment property<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs6a5\">Invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>y hol<span class=\"_ _0\"></span>ding<span class=\"_ _0\"></span>s are valu<span class=\"_ _0\"></span>ed by in<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>nt valu<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s on th<span class=\"_ _0\"></span>e basis of o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>n mar<span class=\"_ _0\"></span>ket valu<span class=\"_ _0\"></span>e as def<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>ed in t<span class=\"_ _0\"></span>he ap<span class=\"_ _0\"></span>prais<span class=\"_ _0\"></span>al and v<span class=\"_ _0\"></span>aluati<span class=\"_ _0\"></span>on </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs6a6\">manu<span class=\"_ _0\"></span>al of the Royal Insti<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>te of <span class=\"_ _1\"></span>Char<span class=\"_ _3\"></span>tered S<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>vey<span class=\"_ _0\"></span>ors (R<span class=\"_ _0\"></span>IC<span class=\"_ _0\"></span>S). As suc<span class=\"_ _0\"></span>h, se<span class=\"_ _0\"></span>nsi<span class=\"_ _0\"></span>tivi<span class=\"_ _0\"></span>ties are c<span class=\"_ _0\"></span>alc<span class=\"_ _0\"></span>ulated thro<span class=\"_ _0\"></span>ug<span class=\"_ _0\"></span>h a mix<span class=\"_ _0\"></span>ture of asset le<span class=\"_ _0\"></span>vel and po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>foli<span class=\"_ _0\"></span>o </div><div class=\"t m0 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs6a7\">level m<span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>olo<span class=\"_ _0\"></span>gie<span class=\"_ _0\"></span>s whic<span class=\"_ _0\"></span>h make refere<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e to indiv<span class=\"_ _0\"></span>idu<span class=\"_ _0\"></span>al inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt ch<span class=\"_ _0\"></span>arac<span class=\"_ _0\"></span>teris<span class=\"_ _0\"></span>tic<span class=\"_ _0\"></span>s of the h<span class=\"_ _0\"></span>old<span class=\"_ _0\"></span>ing b<span class=\"_ _0\"></span>ut do n<span class=\"_ _0\"></span>ot f<span class=\"_ _0\"></span>lex in<span class=\"_ _0\"></span>div<span class=\"_ _0\"></span>idua<span class=\"_ _0\"></span>l assu<span class=\"_ _0\"></span>mptio<span class=\"_ _0\"></span>ns us<span class=\"_ _0\"></span>ed by </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs6a8\">the ind<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>den<span class=\"_ _0\"></span>t expe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t in valui<span class=\"_ _0\"></span>ng the ho<span class=\"_ _0\"></span>ldi<span class=\"_ _0\"></span>ngs<span class=\"_ _0\"></span>. Eac<span class=\"_ _0\"></span>h meth<span class=\"_ _0\"></span>od is app<span class=\"_ _0\"></span>lie<span class=\"_ _0\"></span>d indiv<span class=\"_ _0\"></span>idu<span class=\"_ _0\"></span>ally an<span class=\"_ _0\"></span>d aggre<span class=\"_ _0\"></span>gated wit<span class=\"_ _0\"></span>h equa<span class=\"_ _0\"></span>l weighti<span class=\"_ _0\"></span>ng to determ<span class=\"_ _0\"></span>ine the ove<span class=\"_ _0\"></span>rall </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs6a9\">sens<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>vit<span class=\"_ _0\"></span>y de<span class=\"_ _0\"></span>term<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d for the por<span class=\"_ _3\"></span>tfol<span class=\"_ _0\"></span>io. On<span class=\"_ _0\"></span>e meth<span class=\"_ _0\"></span>od is simi<span class=\"_ _0\"></span>lar to that used in th<span class=\"_ _0\"></span>e private cre<span class=\"_ _0\"></span>dit p<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>tfoli<span class=\"_ _0\"></span>o as it deter<span class=\"_ _0\"></span>mine<span class=\"_ _0\"></span>s the imp<span class=\"_ _0\"></span>act of an alter<span class=\"_ _0\"></span>nate </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs6aa\">prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ty y<span class=\"_ _0\"></span>ield d<span class=\"_ _0\"></span>eter<span class=\"_ _0\"></span>mine<span class=\"_ _0\"></span>d in referen<span class=\"_ _0\"></span>ce to credi<span class=\"_ _0\"></span>t ratin<span class=\"_ _0\"></span>gs<span class=\"_ _0\"></span>, remain<span class=\"_ _0\"></span>ing ter<span class=\"_ _0\"></span>m and othe<span class=\"_ _0\"></span>r char<span class=\"_ _0\"></span>acter<span class=\"_ _0\"></span>isti<span class=\"_ _0\"></span>cs of eac<span class=\"_ _0\"></span>h holdi<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>. In this meth<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>olo<span class=\"_ _0\"></span>gy we would<span class=\"_ _0\"></span> </div><div class=\"t m0 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs6ab\">appl<span class=\"_ _0\"></span>y a lowe<span class=\"_ _0\"></span>r yie<span class=\"_ _0\"></span>ld se<span class=\"_ _0\"></span>nsit<span class=\"_ _0\"></span>ivi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y to a highl<span class=\"_ _0\"></span>y rated an<span class=\"_ _0\"></span>d/or sho<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ter re<span class=\"_ _0\"></span>mai<span class=\"_ _0\"></span>ning ter<span class=\"_ _0\"></span>m ass<span class=\"_ _0\"></span>et c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>ared w<span class=\"_ _0\"></span>ith a l<span class=\"_ _0\"></span>ower rated a<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>/<span class=\"_ _1\"></span>or l<span class=\"_ _0\"></span>ong<span class=\"_ _0\"></span>er re<span class=\"_ _0\"></span>main<span class=\"_ _0\"></span>ing ter<span class=\"_ _0\"></span>m </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs6ac\">asse<span class=\"_ _0\"></span>t. If we were to take <span class=\"_ _1\"></span>an A<span class=\"_ _3\"></span>A rated asset wi<span class=\"_ _0\"></span>th remai<span class=\"_ _0\"></span>ning ter<span class=\"_ _0\"></span>m of 25 years in nor<span class=\"_ _0\"></span>mal mar<span class=\"_ _0\"></span>ket con<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s this would le<span class=\"_ _0\"></span>ad to a <span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>5bps yi<span class=\"_ _0\"></span>eld f<span class=\"_ _0\"></span>lex (as </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 lsd ws7f gs6ad\">opp<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>d to <span class=\"_ _1\"></span>a 35bps yi<span class=\"_ _0\"></span>eld fl<span class=\"_ _0\"></span>ex for a <span class=\"_ _1\"></span>BBB rated asse<span class=\"_ _0\"></span>t with a 30 year remainin<span class=\"_ _0\"></span>g term). <span class=\"_ _1\"></span>The me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>dol<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>y which lea<span class=\"_ _0\"></span>ds to <span class=\"_ _1\"></span>the most sig<span class=\"_ _0\"></span>nif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant sensi<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs6ae\">at<span class=\"_ gsec\"> </span>the bal<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e she<span class=\"_ _0\"></span>et date is related to an exampl<span class=\"_ _0\"></span>e in case law whe<span class=\"_ _0\"></span>re it was found that an ac<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ptab<span class=\"_ _0\"></span>le margi<span class=\"_ _0\"></span>n of error in a valu<span class=\"_ _0\"></span>ation dis<span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>te is 1<span class=\"_ _1\"></span>0% </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs6af\">eit<span class=\"_ _0\"></span>her way, subjec<span class=\"_ _0\"></span>t to the valuatio<span class=\"_ _0\"></span>n bei<span class=\"_ _0\"></span>ng und<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>taken with du<span class=\"_ _0\"></span>e care<span class=\"_ _0\"></span>. If this sensi<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y were to be taken with<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>t a weightin<span class=\"_ _0\"></span>g it would pr<span class=\"_ _0\"></span>odu<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs6b0\">sens<span class=\"_ _0\"></span>itis<span class=\"_ _0\"></span>ed valu<span class=\"_ _0\"></span>es of \u00a356<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>m and \u00a3<span class=\"_ _0\"></span>(56<span class=\"_ _0\"></span>4)m<span class=\"_ _0\"></span>. </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs6b1\">It sho<span class=\"_ _0\"></span>uld be n<span class=\"_ _0\"></span>oted that som<span class=\"_ _0\"></span>e sens<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>viti<span class=\"_ _0\"></span>es des<span class=\"_ _0\"></span>cr<span class=\"_ _0\"></span>ibe<span class=\"_ _0\"></span>d above are no<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>lin<span class=\"_ _0\"></span>ear, and larger o<span class=\"_ _0\"></span>r small<span class=\"_ _0\"></span>er imp<span class=\"_ _0\"></span>acts sh<span class=\"_ _0\"></span>oul<span class=\"_ _0\"></span>d not be inter<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>lated or ex<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>apo<span class=\"_ _0\"></span>lated<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs6b2\">from th<span class=\"_ _0\"></span>ese resu<span class=\"_ _0\"></span>lts<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 he ff1 fs8 fc2 sc0 lsa8 wsae gs6b4\">13<span class=\"ls8d ws0\">. <span class=\"_ _14\"> </span>Der<span class=\"_ _0\"></span>iva<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>e assets and liab<span class=\"_ _1\"></span>il<span class=\"_ _0\"></span>ities<span class=\"_ _3b2\"> </span></span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs6b5\">Th<span class=\"_ _0\"></span>e Group us<span class=\"_ _0\"></span>es der<span class=\"_ _0\"></span>ivati<span class=\"_ _0\"></span>ves as a com<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>nen<span class=\"_ _0\"></span>t of eff<span class=\"_ _0\"></span>ici<span class=\"_ _0\"></span>ent po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>folio ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>. This in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>des<span class=\"_ _0\"></span>, bu<span class=\"_ _0\"></span>t is not limited to, he<span class=\"_ _0\"></span>dgin<span class=\"_ _0\"></span>g ec<span class=\"_ _0\"></span>ono<span class=\"_ _0\"></span>mic ex<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>ure to </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs6b6\">foreig<span class=\"_ _0\"></span>n cur<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>, interes<span class=\"_ _0\"></span>t rates, inf<span class=\"_ _0\"></span>lati<span class=\"_ _0\"></span>on and c<span class=\"_ _0\"></span>redi<span class=\"_ _0\"></span>t risks<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p uses he<span class=\"_ _0\"></span>dge ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>unti<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>, provid<span class=\"_ _0\"></span>ed the pre<span class=\"_ _0\"></span>sc<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>ed cr<span class=\"_ _0\"></span>iter<span class=\"_ _0\"></span>ia in IF<span class=\"_ _0\"></span>RS 9, \u2018Fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs6b7\">Inst<span class=\"_ _0\"></span>rum<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts\u2019 are met<span class=\"_ _0\"></span>, to reco<span class=\"_ _0\"></span>gnise th<span class=\"_ _0\"></span>e offs<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g effe<span class=\"_ _0\"></span>cts of chan<span class=\"_ _0\"></span>ges in th<span class=\"_ _0\"></span>e fair value or c<span class=\"_ _0\"></span>ash fl<span class=\"_ _0\"></span>ow of the der<span class=\"_ _0\"></span>ivative in<span class=\"_ _0\"></span>str<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ent and th<span class=\"_ _0\"></span>e hed<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>d item.<span class=\"_ _0\"></span> </div><div class=\"t m2 h21 ff1 fs10 fc2 sc0 ls77 ws0 gs6b8\">Cross<span class=\"_ _0\"></span>-c<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>ency s<span class=\"_ _0\"></span>wap contr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>s \u2013 cash f<span class=\"_ _3\"></span>low hedges<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs6b9\">Th<span class=\"_ _0\"></span>e Group ha<span class=\"_ _0\"></span>s entere<span class=\"_ _0\"></span>d into fixed rate bo<span class=\"_ _0\"></span>rrowi<span class=\"_ _0\"></span>ngs de<span class=\"_ _0\"></span>no<span class=\"_ _0\"></span>minated in U<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>D and is therefo<span class=\"_ _0\"></span>re expo<span class=\"_ _0\"></span>sed to foreig<span class=\"_ _0\"></span>n exchan<span class=\"_ _0\"></span>ge and inter<span class=\"_ _0\"></span>est rate risk<span class=\"_ _0\"></span>s. In </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs6ba\">orde<span class=\"_ _0\"></span>r to hedg<span class=\"_ _0\"></span>e these r<span class=\"_ _0\"></span>isks the Gro<span class=\"_ _0\"></span>up has en<span class=\"_ _0\"></span>tered into cro<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>urr<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>y interes<span class=\"_ _0\"></span>t rate swaps, en<span class=\"_ _0\"></span>abli<span class=\"_ _0\"></span>ng the exp<span class=\"_ _0\"></span>osu<span class=\"_ _0\"></span>re to be swappe<span class=\"_ _0\"></span>d into a fixed rate </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs6bb\">in<span class=\"_ gsec\"> </span>its fu<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>al cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cy. These had a ne<span class=\"_ _0\"></span>t asset fair valu<span class=\"_ _0\"></span>e totalling \u00a342m (20<span class=\"_ _0\"></span>23<span class=\"_ _0\"></span>: \u00a321m<span class=\"_ _1\"></span>) and a notiona<span class=\"_ _0\"></span>l amou<span class=\"_ _0\"></span>nt of \u00a31<span class=\"_ _1\"></span>,0<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>9m at 31 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>24 </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs6bc\">(202<span class=\"_ _0\"></span>3: \u00a31,0<span class=\"_ _0\"></span>99<span class=\"_ _0\"></span>m). There was no inef<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>vene<span class=\"_ _0\"></span>ss rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in the inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e statem<span class=\"_ _0\"></span>ent in res<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ct of these h<span class=\"_ _0\"></span>edg<span class=\"_ _0\"></span>es dur<span class=\"_ _0\"></span>ing 20<span class=\"_ _0\"></span>24<span class=\"_ _0\"></span>. </div><div class=\"t m2 h21 ff1 fs10 fc2 sc0 ls77 ws0 gs6bd\">Ot<span class=\"_ _0\"></span>her der<span class=\"_ _0\"></span>ivat<span class=\"_ _0\"></span>ive contrac<span class=\"_ _0\"></span>ts \u2013 held for trad<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs6be\">Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p use<span class=\"_ _0\"></span>s ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tai<span class=\"_ _0\"></span>n der<span class=\"_ _0\"></span>ivati<span class=\"_ _0\"></span>ve co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts wh<span class=\"_ _0\"></span>ich a<span class=\"_ _0\"></span>re ef<span class=\"_ _0\"></span>fect<span class=\"_ _0\"></span>ive he<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>es of ec<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>omi<span class=\"_ _0\"></span>c exp<span class=\"_ _0\"></span>osure<span class=\"_ _0\"></span>s in ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>rdan<span class=\"_ _0\"></span>ce wi<span class=\"_ _0\"></span>th th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up\u2019s risk ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs6bf\">pol<span class=\"_ _0\"></span>icy, but for vario<span class=\"_ _0\"></span>us reas<span class=\"_ _0\"></span>ons are not de<span class=\"_ _0\"></span>sign<span class=\"_ _0\"></span>ated withi<span class=\"_ _0\"></span>n a formal he<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>e acc<span class=\"_ _0\"></span>ount<span class=\"_ _0\"></span>ing rel<span class=\"_ _0\"></span>ation<span class=\"_ _0\"></span>ship<span class=\"_ _0\"></span>. The<span class=\"_ _0\"></span>refore, th<span class=\"_ _0\"></span>ese co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>acts mu<span class=\"_ _0\"></span>st be de<span class=\"_ _0\"></span>sign<span class=\"_ _0\"></span>ated </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs6c0\">as held for tr<span class=\"_ _0\"></span>adin<span class=\"_ _0\"></span>g, and ga<span class=\"_ _0\"></span>ins and lo<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s on thes<span class=\"_ _0\"></span>e cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>ts are rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ised im<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>diatel<span class=\"_ _0\"></span>y in the Co<span class=\"_ _0\"></span>nsol<span class=\"_ _0\"></span>idated In<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me S<span class=\"_ _0\"></span>tate<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t.<span class=\"_ _3b2\"> </span></div><div class=\"gs6c1\"><table class=\"s w17d h15b\" id=\"_94192493-804b-40c6-a88f-65bcb5a0ff22\"><tr><td></td><td class=\"c n x435 y4369 w21f h128\"><div class=\"t m2 x1ca hf y415b ff6 fs9 fc1 sc0 ls18 ws32\">Fai<span class=\"_ _0\"></span>r val<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x822 y436a w220 h11e\"><div class=\"t m2 x1ca hf y40a7 ff3 fs9 fc1 sc0 ls89 ws3c\">Fair values<span class=\"_ _3b2\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c x824 y436b w221 h123\"><div class=\"t m2 x1ca h13 y4151 ff5 fs9 fc1 sc0 ls3d ws131\">Assets</div><div class=\"t m2 x823 h99 y41b3 ff5 fs1b fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c x826 y436b w222 h123\"><div class=\"t m2 x1ca h13 y4151 ff5 fs9 fc1 sc0 ls88 ws8d\">Liabilities</div><div class=\"t m2 x825 h99 y41b3 ff5 fs1b fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c x828 y436c w223 h11e\"><div class=\"t m2 x1ca hf y415b ff3 fs9 fc1 sc0 ls1 ws0\">Assets</div><div class=\"t m2 x827 ha4 y41ad ff3 fs1b fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c x580 y436c w17f h11e\"><div class=\"t m2 x1ca hf y415b ff3 fs9 fc1 sc0 ls168 ws183\">Liabilities</div><div class=\"t m2 x57f ha4 y41ad ff3 fs1b fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td></tr><tr><td></td><td class=\"t m2 x430 h13 y436d ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x431 h13 y436d ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c6 hf y436d ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y436d ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x432 h13 y436e ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x433 h13 y436e ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 hf y436e ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y436e ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 hb y436f ff6 fs6 fc1 sc0 ls1 ws0\">Shareholder derivativ<span class=\"_ _1\"></span>es:<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y40b2 w224 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Inte<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>t rate c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>cts \u2013 h<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>d for tr<span class=\"_ _0\"></span>adi<span class=\"_ _0\"></span>ng<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x763 y40b2 w2f h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">38,914<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x81f y40b2 w2f h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">39,895<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x829 y40b2 w3e h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">31,411<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x82a y40b2 w3e h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">33,580<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4163 w225 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">For<span class=\"_ _3\"></span>ward for<span class=\"_ _0\"></span>eig<span class=\"_ _0\"></span>n exc<span class=\"_ _0\"></span>han<span class=\"_ _0\"></span>ge c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>cts \u2013 h<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>d for t<span class=\"_ _0\"></span>rad<span class=\"_ _0\"></span>ing<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x82b y4163 w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">35<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x82c y4163 w70 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">31<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x82d y4163 w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">26<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x82e y4163 w50 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40b4 w226 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Cur<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>y swap c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s \u2013 he<span class=\"_ _0\"></span>ld for t<span class=\"_ _0\"></span>rad<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x82f y40b4 w36 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,009<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x830 y40b4 w36 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,323<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x831 y40b4 w37 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,624<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x832 y40b4 w30 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,750<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4166 w227 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Cur<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>y swap c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s \u2013 cas<span class=\"_ _0\"></span>h f<span class=\"_ _0\"></span>low h<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>ges<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x833 y4166 w70 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">42<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x834 y4166 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x835 y4166 w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">24<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x836 y4166 w75 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40b6 w228 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Inf<span class=\"_ _0\"></span>lati<span class=\"_ _0\"></span>on s<span class=\"_ _0\"></span>wap c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>cts \u2013 h<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>d for tr<span class=\"_ _0\"></span>adi<span class=\"_ _0\"></span>ng<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x837 y40b6 w36 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">9,176<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x761 y40b6 w2f h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">11,595<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7ac y40b6 w30 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">4,704<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x838 y40b6 w37 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">4,827<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4370 w229 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Inf<span class=\"_ _0\"></span>lati<span class=\"_ _0\"></span>on r<span class=\"_ _0\"></span>ate co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>ts \u2013 h<span class=\"_ _0\"></span>eld fo<span class=\"_ _0\"></span>r tr<span class=\"_ _0\"></span>adi<span class=\"_ _0\"></span>ng<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x839 y4370 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x83a y4370 wa6 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x83b y4370 w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">96<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x573 y4370 w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">30<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41cd w22a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Cre<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t de<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>vati<span class=\"_ _0\"></span>ves \u2013 h<span class=\"_ _0\"></span>eld fo<span class=\"_ _0\"></span>r tr<span class=\"_ _0\"></span>adi<span class=\"_ _0\"></span>ng<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x83c y41cd wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x83d y41cd w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">18<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x83e y41cd wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x83f y41cd w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">21<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41ce w22b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y/i<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>x de<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>vati<span class=\"_ _0\"></span>ves \u2013 h<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>d for tr<span class=\"_ _0\"></span>adi<span class=\"_ _0\"></span>ng<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x840 y41ce wa8 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6c8 y41ce wa8 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x841 y41ce w50 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x842 y41ce w50 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41cf w22c h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">O<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r de<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>vati<span class=\"_ _0\"></span>ves \u2013 h<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>d for tr<span class=\"_ _0\"></span>adi<span class=\"_ _0\"></span>ng<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x843 y41cf w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">17<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x844 y41cf w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">408<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x845 y41cf w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">133<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x846 y41cf w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">278<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y42f1 w22d h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> shareholder <span class=\"_ _1\"></span>derivatives<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x847 y42f1 w93 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">49,195<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x848 y42f1 w2f h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">54,274<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x849 y42f1 wd3 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">38,019<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x84a y42f1 w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">40,499<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 hb y4371 ff6 fs6 fc1 sc0 ls56 ws55\">Un<span class=\"_ _0\"></span>it li<span class=\"_ _0\"></span>nke<span class=\"_ _0\"></span>d de<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ves:<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y40bd w224 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Inte<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>t rate c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>cts \u2013 h<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>d for tr<span class=\"_ _0\"></span>adi<span class=\"_ _0\"></span>ng<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x49d y40bd w4a h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">564<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x84b y40bd w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,082<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x84c y40bd w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,133<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x654 y40bd w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">335<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y416e w225 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">For<span class=\"_ _3\"></span>ward for<span class=\"_ _0\"></span>eig<span class=\"_ _0\"></span>n exc<span class=\"_ _0\"></span>han<span class=\"_ _0\"></span>ge c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>cts \u2013 h<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>d for t<span class=\"_ _0\"></span>rad<span class=\"_ _0\"></span>ing<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x84d y416e w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">558<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x830 y416e w36 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">1,077<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x84e y416e w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">815<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x84f y416e w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">420<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y417f w22a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Cre<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t de<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>vati<span class=\"_ _0\"></span>ves \u2013 h<span class=\"_ _0\"></span>eld fo<span class=\"_ _0\"></span>r tr<span class=\"_ _0\"></span>adi<span class=\"_ _0\"></span>ng<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x850 y417f w59 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x2a1 y417f w59 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x851 y417f w50 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x852 y417f w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">16<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4170 w228 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Inf<span class=\"_ _0\"></span>lati<span class=\"_ _0\"></span>on s<span class=\"_ _0\"></span>wap c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>cts \u2013 h<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>d for tr<span class=\"_ _0\"></span>adi<span class=\"_ _0\"></span>ng<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x853 y4170 w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">758<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x75d y4170 w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">175<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x854 y4170 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">170<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x855 y4170 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">143<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4180 w229 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Inf<span class=\"_ _0\"></span>lati<span class=\"_ _0\"></span>on r<span class=\"_ _0\"></span>ate co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>ts \u2013 h<span class=\"_ _0\"></span>eld fo<span class=\"_ _0\"></span>r tr<span class=\"_ _0\"></span>adi<span class=\"_ _0\"></span>ng<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x839 y4180 wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x83a y4180 wa6 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x856 y4180 wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x857 y4180 w50 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y419a w22b h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y/i<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>x de<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>vati<span class=\"_ _0\"></span>ves \u2013 h<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>d for tr<span class=\"_ _0\"></span>adi<span class=\"_ _0\"></span>ng<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x858 y419a w7b h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">37<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x859 y419a w4a h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">228<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x85a y419a w4b h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">969<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x85b y419a w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,221<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4183 w22c h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">O<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r de<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>vati<span class=\"_ _0\"></span>ves \u2013 h<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>d for tr<span class=\"_ _0\"></span>adi<span class=\"_ _0\"></span>ng<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x843 y4183 w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">78<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x85c y4183 w70 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">36<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x85d y4183 w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">27<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x564 y4183 w4b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">185<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ac w22e h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l un<span class=\"_ _0\"></span>it li<span class=\"_ _0\"></span>nke<span class=\"_ _0\"></span>d de<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>vat<span class=\"_ _0\"></span>ive<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x85e y40ac w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,997<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x85f y40ac w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">3,599<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x860 y40ac w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,121<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x861 y40ac w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,322<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w22f h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l de<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>vat<span class=\"_ _0\"></span>ive as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d lia<span class=\"_ _0\"></span>bil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x862 y40ae w2f h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">51,192<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x863 y40ae w93 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">57,873<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x864 y40ae w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">41,140<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x865 y40ae w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">43,821<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs6c2\">1. <span class=\"_ _15\"> </span>De<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>ted i<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e C<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d B<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e Sh<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>et w<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>in F<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>l in<span class=\"_ _0\"></span>ves<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>nd i<span class=\"_ _0\"></span>nve<span class=\"_ _0\"></span>s<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>p<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ty (<span class=\"_ _0\"></span>N<span class=\"_ _0\"></span>ote 12).<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs6c3\">2. <span class=\"_ _15\"> </span>De<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve l<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>bi<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>re r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d i<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e C<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>da<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d Ba<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ce S<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>hi<span class=\"_ _0\"></span>n P<span class=\"_ _0\"></span>aya<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r fi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>l li<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s (<span class=\"_ _0\"></span>No<span class=\"_ _0\"></span>te 25<span class=\"_ _0\"></span>).<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs6c4\">Th<span class=\"_ _0\"></span>e cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>tual un<span class=\"_ _0\"></span>disc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ted cash f<span class=\"_ _0\"></span>lows in relat<span class=\"_ _0\"></span>ion to non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>nit lin<span class=\"_ _0\"></span>ked der<span class=\"_ _0\"></span>ivati<span class=\"_ _0\"></span>ves have the followi<span class=\"_ _0\"></span>ng matu<span class=\"_ _0\"></span>rit<span class=\"_ _0\"></span>y prof<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>e. Uni<span class=\"_ _0\"></span>t linked de<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>vatives have<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs6c5\">not be<span class=\"_ _0\"></span>en in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>ded as sha<span class=\"_ _0\"></span>reh<span class=\"_ _0\"></span>old<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s are not direc<span class=\"_ _0\"></span>tly exp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ed to liquidi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y risks<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"gs6c6\"><table class=\"s w230 h15c\" id=\"_97093b85-6180-420b-af8e-a7521c909db6\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t m2 x866 h13 y4372 ff5 fs9 fc1 sc0 ls18 ws0\">Ma<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>le o<span class=\"_ _0\"></span>f u<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ed c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sh f<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>ws<span class=\"_ _3b2\"> </span></td><td></td><td></td></tr><tr><td></td><td class=\"t m2 x496 h13 y4373 ff6 fs9 fc1 sc0 ls18 ws32\">Fai<span class=\"_ _0\"></span>r val<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x460 h13 y4373 ff5 fs9 fc1 sc0 ls18 ws0\">Wi<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n 1 yea<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x497 h13 y4373 ff5 fs9 fc1 sc0 ls32 ws8a\">1-5<span class=\"_ _0\"></span> ye<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x867 h13 y4373 ff5 fs9 fc1 sc0 ls184 ws19a\">5<span class=\"_ _0\"></span>-1<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span> y<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _3\"></span>s<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x499 h13 y4373 ff5 fs9 fc1 sc0 lsc3 wsc7\">15<span class=\"_ _0\"></span>-2<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span> y<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _3\"></span>s<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x288 h13 y4373 ff6 fs9 fc1 sc0 ls18 ws32\">Ove<span class=\"_ _0\"></span>r 25 yea<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 h13 y4373 ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 h13 y4374 ff5 fs9 fc1 sc0 ls18 ws0\">As a<span class=\"_ _0\"></span>t 31 De<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>4<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x321 h13 y4374 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x464 h13 y4374 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x432 h13 y4374 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x465 h13 y4374 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x466 h13 y4374 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x467 h13 y4374 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 h13 y4374 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 hb y4375 ff5 fs6 fc1 sc0 ls4f ws128\">Cash infl<span class=\"_ _1\"></span>ows<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m2 x206 hb y4376 ff6 fs6 fc1 sc0 ls1 ws0\">Shareholder derivativ<span class=\"_ _1\"></span>es </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y42f3 w1fd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls112 ws1e\">Der<span class=\"_ _0\"></span>ivative assets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x868 y42f3 w2f h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">49,195<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x869 y42f3 w215 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">23,319<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x86a y42f3 w2f h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">57,912<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x86b y42f3 w2f h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">75,704<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x86c y42f3 w2f h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">33,823<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x86d y42f3 w2f h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">18,909<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x86e y42f3 w89 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">209,667<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4377 w231 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls112 ws1e\">Der<span class=\"_ _0\"></span>ivative liabiliti<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x86f y4377 w44 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(54,274)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x870 y4377 w2f h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">14,840<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x871 y4377 w2f h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">39,656<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x872 y4377 w2f h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">53,019<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x873 y4377 w2f h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">23,103<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x874 y4377 w2f h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">14,275<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x875 y4377 w89 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">144,893<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40bf w21b h11b\"><div class=\"t m2 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls1 ws0\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x876 y40bf w33 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">(5,079)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x877 y40bf w2f h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">38,159<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x878 y40bf w2f h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">97,568<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x879 y40bf w89 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">128,723<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x87a y40bf w2f h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">56,926<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x87b y40bf w2f h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">33,184<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x87c y40bf w89 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">354,560<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 hb y4378 ff5 fs6 fc1 sc0 ls4f ws128\">Cash outflo<span class=\"_ _1\"></span>ws<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m2 x206 hb y4379 ff6 fs6 fc1 sc0 ls1 ws0\">Shareholder derivativ<span class=\"_ _1\"></span>es </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y41c7 w1fd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls112 ws1e\">Der<span class=\"_ _0\"></span>ivative assets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x868 y41c7 w2f h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">49,195<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x87d y41c7 w44 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(15,374)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x87e y41c7 w44 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(40,194)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x87f y41c7 w44 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(49,928)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x880 y41c7 w44 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(22,692)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x881 y41c7 w44 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(14,175)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x882 y41c7 w232 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(142,363)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y419e w231 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls112 ws1e\">Der<span class=\"_ _0\"></span>ivative liabiliti<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x86f y419e w44 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(54,274)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x883 y419e w44 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(23,758)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x884 y419e w44 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(60,276)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x885 y419e w44 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(80,320)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x886 y419e w44 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(35,843)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x887 y419e wd7 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(23,122)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x888 y419e w233 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(223,319)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ac w21b h11b\"><div class=\"t m2 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls1 ws0\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x889 y40ac w33 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">(5,079)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x88a y40ac w44 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">(39,132)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x88b y40ac w233 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">(100,470)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x88c y40ac w232 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">(130,248)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x88d y40ac w44 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">(58,535)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x88e y40ac w44 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">(37,297)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x88f y40ac w233 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">(365,682)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w234 h11b\"><div class=\"t m2 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls56 ws0\">Ne<span class=\"_ _0\"></span>t c<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>h fl<span class=\"_ _0\"></span>ows<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x890 y40ae w3a h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">(973)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x891 y40ae w33 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">(2,902)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x892 y40ae w33 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">(1,525)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x893 y40ae w33 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">(1,609)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x894 y40ae w33 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">(4,113)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x895 y40ae wd7 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">(11,122)<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"gs6c8\"><table class=\"s w235 h15d\" id=\"_f92847b0-9c7e-43c9-a799-76e4783a7f20\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x896 hf y437a ff3 fs9 fc1 sc0 ls18 ws0\">Mat<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y p<span class=\"_ _0\"></span>rof<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>e of un<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>sc<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nte<span class=\"_ _0\"></span>d cas<span class=\"_ _0\"></span>h f<span class=\"_ _0\"></span>low<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x897 hf y437b ff3 fs9 fc1 sc0 ls89 ws3c\">Fair values<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x4e5 hf y437b ff3 fs9 fc1 sc0 ls18 ws0\">Wi<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>in 1 ye<span class=\"_ _0\"></span>ar<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x3ef hf y437b ff3 fs9 fc1 sc0 ls28 wsc0\">1-5<span class=\"_ _0\"></span> ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x4ec hf y437b ff3 fs9 fc1 sc0 ls184 ws19a\">5<span class=\"_ _3\"></span>-15<span class=\"_ _0\"></span> y<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x287 hf y437b ff3 fs9 fc1 sc0 ls184 ws19a\">15<span class=\"_ _3\"></span>-<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span> y<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _3\"></span>s<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x495 hf y437b ff3 fs9 fc1 sc0 ls18 ws0\">Ov<span class=\"_ _0\"></span>er 25 y<span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c7 hf y437b ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 hf y437c ff3 fs9 fc1 sc0 ls18 ws0\">As a<span class=\"_ _0\"></span>t 31 De<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>3<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x321 hf y437c ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x464 hf y437c ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x432 hf y437c ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x465 hf y437c ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x466 hf y437c ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x467 hf y437c ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 hf y437c ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 h1a y437d ff3 fs6 fc1 sc0 ls94 ws63\">Cash i<span class=\"_ _0\"></span>nflows<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x206 h1a y437e ff3 fs6 fc1 sc0 ls11b ws2a\">Shareholder deriv<span class=\"_ _1\"></span>atives </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y40bd w1fd h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls112 ws1e\">Der<span class=\"_ _0\"></span>ivative assets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x898 y40bd w3e h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">38,019<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x899 y40bd w3e h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">17,833<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x89a y40bd w3e h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">35,787<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x89b y40bd w3e h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">47,562<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x89c y40bd w3e h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">21,119<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x89d y40bd w3e h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">11,069<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x89e y40bd w82 h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">133,370<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40be w231 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls112 ws1e\">Der<span class=\"_ _0\"></span>ivative liabiliti<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x89f y40be w45 h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">(40,499)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8a0 y40be wc5 h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">9,304<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8a1 y40be w3e h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">21,883<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8a2 y40be w3e h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">30,447<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8a3 y40be w3e h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">16,349<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8a4 y40be w3e h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">10,039<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8a5 y40be w3e h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">88,022<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40bf w236 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls15e ws179\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8a6 y40bf w34 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(2,480)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8a7 y40bf w237 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">27,137<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8a8 y40bf w3e h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">57,670<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8a9 y40bf w3e h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">78,009<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8aa y40bf w3e h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">37,468<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8ab y40bf w3e h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">21,108<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8ac y40bf w82 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">221,392<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 h1a y437f ff3 fs6 fc1 sc0 ls94 ws63\">Cash o<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>fl<span class=\"_ _0\"></span>ows<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x206 h1a y4380 ff3 fs6 fc1 sc0 ls11b ws2a\">Shareholder deriv<span class=\"_ _1\"></span>atives </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y40c2 w1fd h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls112 ws1e\">Der<span class=\"_ _0\"></span>ivative assets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x898 y40c2 w3e h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">38,019<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8ad y40c2 w45 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(13,483)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8ae y40c2 w45 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(27,576)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8af y40c2 w45 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(35,293)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8b0 y40c2 wd5 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(16,054)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8b1 y40c2 w34 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(8,684)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8b2 y40c2 w238 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(101,090)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w231 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls112 ws1e\">Der<span class=\"_ _0\"></span>ivative liabiliti<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x89f y4121 w45 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(40,499)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8b3 y4121 w45 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(15,136)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8b4 y4121 w45 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(33,435)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8b5 y4121 wd5 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(45,924)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8b6 y4121 w45 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(22,714)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8b7 y4121 w45 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(13,121)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8b8 y4121 w238 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(130,330)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4158 w236 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls15e ws179\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8b9 y4158 w34 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(2,480)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8ba y4158 w45 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(28,619)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8bb y4158 w45 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(61,011)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8bc y4158 wd5 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(81,217)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8bd y4158 w45 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(38,768)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8be y4158 w45 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(21,805)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x60a y4158 w238 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(231,420)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w239 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Ne<span class=\"_ _0\"></span>t cas<span class=\"_ _0\"></span>h fl<span class=\"_ _0\"></span>ows<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x8bf y40ae w34 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(1,482)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8c0 y40ae w34 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(3,341)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8c1 y40ae w34 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(3,208)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8c2 y40ae w34 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(1,300)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8c3 y40ae w3b h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(697)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8c4 y40ae w45 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(10,028)<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs6c9\">Future c<span class=\"_ _0\"></span>ash fl<span class=\"_ _0\"></span>ows on the f<span class=\"_ _0\"></span>loati<span class=\"_ _0\"></span>ng le<span class=\"_ _0\"></span>gs of interest rate and exch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e der<span class=\"_ _0\"></span>ivati<span class=\"_ _0\"></span>ves are calc<span class=\"_ _0\"></span>ulate<span class=\"_ _0\"></span>d using cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nt spot rates<span class=\"_ _0\"></span>, whic<span class=\"_ _0\"></span>h may dif<span class=\"_ _0\"></span>fer from th<span class=\"_ _0\"></span>e </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs6ca\">mar<span class=\"_ _0\"></span>ket expe<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ation in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>ora<span class=\"_ _0\"></span>ted in the fair valu<span class=\"_ _0\"></span>e. </div><div class=\"t m0 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs6cb\">Cash f<span class=\"_ _0\"></span>lows a<span class=\"_ _0\"></span>risi<span class=\"_ _0\"></span>ng fro<span class=\"_ _0\"></span>m imp<span class=\"_ _0\"></span>lie<span class=\"_ _0\"></span>d event<span class=\"_ _0\"></span>s covere<span class=\"_ _0\"></span>d by cre<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t der<span class=\"_ _0\"></span>ivati<span class=\"_ _0\"></span>ves are p<span class=\"_ _0\"></span>rese<span class=\"_ _0\"></span>nted in th<span class=\"_ _0\"></span>e tab<span class=\"_ _0\"></span>les a<span class=\"_ _0\"></span>bove on a<span class=\"_ _0\"></span>n exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted basis a<span class=\"_ _0\"></span>s cas<span class=\"_ _0\"></span>h fl<span class=\"_ _0\"></span>ows </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs6cc\">withi<span class=\"_ _0\"></span>n<span class=\"_ gsec\"> </span>on<span class=\"_ _0\"></span>e year<span class=\"_ _1\"></span>. </div><div class=\"t m0 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs6cd\">Cash i<span class=\"_ _0\"></span>nfl<span class=\"_ _0\"></span>ows or ou<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>fl<span class=\"_ _0\"></span>ows are pre<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>ted on a n<span class=\"_ _0\"></span>et basis w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>re the G<span class=\"_ _0\"></span>roup is re<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>red to se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tle ne<span class=\"_ _0\"></span>t or ha<span class=\"_ _0\"></span>s a leg<span class=\"_ _0\"></span>ally e<span class=\"_ _0\"></span>nforc<span class=\"_ _0\"></span>eabl<span class=\"_ _0\"></span>e rig<span class=\"_ _0\"></span>ht of of<span class=\"_ _0\"></span>fset an<span class=\"_ _0\"></span>d the<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs6ce\">intenti<span class=\"_ _0\"></span>on is to sett<span class=\"_ _0\"></span>le on a net basi<span class=\"_ _0\"></span>s.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-651": {
   "value": "12<span class=\"ls8d ws0\">. <span class=\"_ _14\"> </span>Financial i<span class=\"_ _0\"></span>nv<span class=\"_ _1\"></span>estm<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ts and inv<span class=\"_ _1\"></span>estme<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>t pro<span class=\"_ _1\"></span>pert<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></span><table class=\"s w1ea h152\" id=\"_ec7ef4e2-7257-4be4-b7d8-a26f670250dc\"><tr><td></td><td></td><td class=\"t m2 x5f2 h13 y4330 ff5 fs9 fc1 sc0 ls3b ws45\">Shareholder<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x27f h13 y4330 ff5 fs9 fc1 sc0 ls18 ws0\">Un<span class=\"_ _0\"></span>it l<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>nke<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 h13 y4330 ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td></td><td class=\"t m2 x431 h13 y4331 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c6 h13 y4331 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 h13 y4331 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x6fe hf y4332 ff3 fs9 fc1 sc0 lsee wsf5\">Note<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x433 h13 y4332 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 h13 y4332 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 h13 y4332 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 hb y4333 ff6 fs6 fc1 sc0 ls56 ws55\">Fi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>l inve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s at fai<span class=\"_ _0\"></span>r val<span class=\"_ _0\"></span>ue cl<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ed as<span class=\"_ _0\"></span>:<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1cb y40ba w1eb h11a\"><div class=\"t m2 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls56 ws0\">Fair v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e thr<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>gh pr<span class=\"_ _0\"></span>ofi<span class=\"_ _0\"></span>t or l<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>s</div><div class=\"t m2 x6ff h5a y41a8 ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x700 y4334 w2f h116\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">79,233<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x701 y4334 w89 h116\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">346,753<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x702 y4334 w81 h116\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">425,986<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y42f1 w1ec h116\"><div class=\"t m2 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls56 ws0\">Fair v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e thr<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>gh oth<span class=\"_ _0\"></span>er c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>eh<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>ive i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x703 y42f1 w36 h116\"><div class=\"t m2 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls56 ws55\">1,922<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x619 y42f1 wa6 h116\"><div class=\"t m2 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x704 y42f1 w36 h116\"><div class=\"t m2 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls56 ws55\">1,922<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y41d1 w1ed h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Fair v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e thr<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>gh pr<span class=\"_ _0\"></span>ofi<span class=\"_ _0\"></span>t or l<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>s \u2013 de<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>vati<span class=\"_ _0\"></span>ves</div><div class=\"t m2 x705 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x700 y4335 w2f h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">49,195<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x706 y4335 w36 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">1,997<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x707 y4335 w2f h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">51,192<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y40bd w1ee h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Loa<span class=\"_ _0\"></span>ns at fa<span class=\"_ _0\"></span>ir val<span class=\"_ _0\"></span>ue t<span class=\"_ _0\"></span>hro<span class=\"_ _0\"></span>ug<span class=\"_ _0\"></span>h prof<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t or lo<span class=\"_ _0\"></span>ss</div><div class=\"t m2 x708 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x709 y4336 w36 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">2,630<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x70a y4336 w36 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">4,772<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x70b y4336 w36 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">7,402<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40be w1ef h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">Fi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>l inve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s at fai<span class=\"_ _0\"></span>r val<span class=\"_ _0\"></span>ue<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x70c y40be w1f0 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">12(i)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x70d y40be w89 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">132,980<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x70e y40be w89 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">353,522<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x70f y40be w81 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">486,502<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40bf w1f1 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">Debt securities at amortised cost<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x60b y40bf w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">8,965<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x710 y40bf wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x711 y40bf w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">8,965<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c0 w1f2 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Loa<span class=\"_ _0\"></span>ns at a<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>ed c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x712 y40c0 w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">84<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x713 y40c0 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x714 y40c0 w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">84<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4317 w1f3 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> financial <span class=\"_ _1\"></span>inv<span class=\"_ _1\"></span>estments<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x715 y4317 w81 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">142,029<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x716 y4317 w81 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">353,522<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x717 y4317 w89 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">495,551<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c2 w7f h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws23\">Inv<span class=\"_ _1\"></span>estment<span class=\"_ _1\"></span> property<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x718 y40c2 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">5,955<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x719 y40c2 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">3,867<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x71a y40c2 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">9,822<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4318 w1f4 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l fi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>l inve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s and in<span class=\"_ _0\"></span>ves<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x71b y4318 w89 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">147,984<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x71c y4318 w89 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">357,389<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x71d y4318 w81 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">505,373<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ac w1f5 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted to b<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>cove<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d wit<span class=\"_ _0\"></span>hin 12 mon<span class=\"_ _0\"></span>ths<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x71e y40ac w93 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">36,632<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w1f6 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted to b<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>cove<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d af<span class=\"_ _0\"></span>ter 12 mont<span class=\"_ _0\"></span>hs<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x71f y40ae w89 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">468,741<span class=\"_ _3b2\"> </span></div></td></tr></table><table class=\"s w1f7 h153\" id=\"_93be7e6d-82de-4873-a894-4cd5186c9046\"><tr><td></td><td></td><td class=\"t m2 x4c4 hf y4337 ff3 fs9 fc1 sc0 ls29 ws30\">Shareholder<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x615 hf y4337 ff3 fs9 fc1 sc0 ls18 ws0\">Un<span class=\"_ _0\"></span>it li<span class=\"_ _0\"></span>nke<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y4337 ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td></td><td class=\"t m2 x637 hf y4338 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c6 hf y4338 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y4338 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x6fe hf y4339 ff3 fs9 fc1 sc0 lsee wsf5\">Note<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x433 hf y4339 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 hf y4339 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y4339 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 hc y433a ff4 fs6 fc1 sc0 ls56 ws55\">Fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>l inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s at fair value cla<span class=\"_ _0\"></span>ssi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ed as:<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1cb y41cf w1eb h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Fair v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e thr<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>gh pr<span class=\"_ _0\"></span>ofi<span class=\"_ _0\"></span>t or l<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>s</div><div class=\"t m2 x6ff h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x720 y40ba w3e h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">74,442<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x721 y40ba w82 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">335,466<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x722 y40ba w82 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">409,908<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y42f1 w1ec h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Fair v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e thr<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>gh oth<span class=\"_ _0\"></span>er c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>eh<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>ive i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x723 y42f1 w37 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x617 y42f1 wbd h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x724 y42f1 w30 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,022<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y41d0 w1ed h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Fair v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e thr<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>gh pr<span class=\"_ _0\"></span>ofi<span class=\"_ _0\"></span>t or l<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>s \u2013 de<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>vati<span class=\"_ _0\"></span>ves</div><div class=\"t m2 x705 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x720 y41d1 w3e h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">38,019<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x725 y41d1 w30 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,121<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x726 y41d1 w3e h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">41,140<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y433b w1ee h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Loa<span class=\"_ _0\"></span>ns at fa<span class=\"_ _0\"></span>ir val<span class=\"_ _0\"></span>ue t<span class=\"_ _0\"></span>hro<span class=\"_ _0\"></span>ug<span class=\"_ _0\"></span>h prof<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t or lo<span class=\"_ _0\"></span>ss</div><div class=\"t m2 x708 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x727 y40bd w37 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,599<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x728 y40bd w30 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">8,691<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x729 y40bd w3e h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">10,290<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40be w1f8 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">Financial investments at<span class=\"_ _1\"></span> fair value<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x72a y40be w1f0 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">12(i)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x72b y40be w82 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">116,082<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x72c y40be w82 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">347,278<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x72d y40be w82 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">463,360<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40bf w1f1 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10a ws5a\">Debt securities at amortised cost<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x72e y40bf w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">8,032<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x64d y40bf wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x72f y40bf w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">8,032<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y418c w1f2 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Loa<span class=\"_ _0\"></span>ns at a<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>ed c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x24b y418c w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">13<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x617 y418c wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x730 y418c w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">13<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c1 w1f9 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">T<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>tal financial investments<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x731 y40c1 w82 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">124,127<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x732 y40c1 w82 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">347,278<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x733 y40c1 w82 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">471,405<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c2 w7f h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Inv<span class=\"_ _1\"></span>estment<span class=\"_ _1\"></span> property<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x734 y40c2 w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5,503<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5d5 y40c2 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,390<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3be y40c2 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">8,893<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w1fa h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">T<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>tal financial investments and in<span class=\"_ _1\"></span>vestment proper<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x735 y4121 w82 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">129,630<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x736 y4121 w82 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">350,668<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x737 y4121 w82 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">480,298<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ac w1f5 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted to b<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>cove<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d wit<span class=\"_ _0\"></span>hin 12 mon<span class=\"_ _0\"></span>ths<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x738 y40ac wd3 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">37,513<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w1f6 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted to b<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>cove<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d af<span class=\"_ _0\"></span>ter 12 mont<span class=\"_ _0\"></span>hs<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x739 y40ae w82 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">442,785<span class=\"_ _3b2\"> </span></div></td></tr></table>1. <span class=\"_ _15\"> </span>Ma<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>y m<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d a<span class=\"_ _0\"></span>t fai<span class=\"_ _0\"></span>r va<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>e th<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>gh p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ofi<span class=\"_ _0\"></span>t o<span class=\"_ _0\"></span>r lo<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t risks on un<span class=\"_ _0\"></span>it linke<span class=\"_ _0\"></span>d assets are b<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ne by the pol<span class=\"_ _0\"></span>icy<span class=\"_ _0\"></span>hol<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>rs. T<span class=\"_ _0\"></span>he rem<span class=\"_ _0\"></span>aini<span class=\"_ _0\"></span>ng risks as<span class=\"_ _0\"></span>soc<span class=\"_ _0\"></span>iated wit<span class=\"_ _0\"></span>h fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts are ou<span class=\"_ _0\"></span>tline<span class=\"_ _0\"></span>d in<span class=\"_ gsec\"> </span>Note 8.<span class=\"_ _0\"></span> Fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts, c<span class=\"_ _0\"></span>ash and c<span class=\"_ _0\"></span>ash eq<span class=\"_ _0\"></span>uival<span class=\"_ _0\"></span>ents in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>: \u2022 <span class=\"_ _21\"> </span><span class=\"ff4\"> <span class=\"_ _b\"></span>\u00a32<span class=\"_ _0\"></span>,755m (20<span class=\"_ _0\"></span>23<span class=\"_ _0\"></span>: \u00a34,<span class=\"_ _0\"></span>03<span class=\"_ _3\"></span>4m) of <span class=\"_ _1\"></span>asse<span class=\"_ _0\"></span>ts ple<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>d as coll<span class=\"_ _0\"></span>ateral aga<span class=\"_ _0\"></span>inst n<span class=\"_ _0\"></span>et der<span class=\"_ _0\"></span>ivati<span class=\"_ _0\"></span>ve liabili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y cou<span class=\"_ _0\"></span>nter<span class=\"_ _0\"></span>par<span class=\"_ _3\"></span>ty po<span class=\"_ _0\"></span>siti<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e assets us<span class=\"_ _0\"></span>ed as col<span class=\"_ _0\"></span>lateral<span class=\"_ _0\"></span> </span>are T<span class=\"_ _1\"></span>reasur<span class=\"_ _0\"></span>y Gil<span class=\"_ _0\"></span>ts, Fo<span class=\"_ _0\"></span>reig<span class=\"_ _0\"></span>n Gover<span class=\"_ _0\"></span>nme<span class=\"_ _0\"></span>nt Bo<span class=\"_ _0\"></span>nds<span class=\"_ _0\"></span>, A<span class=\"_ _3\"></span>A<span class=\"_ _0\"></span>A<span class=\"_ _3\"></span>, A<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>, A and B<span class=\"_ _0\"></span>BB Co<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ate Bond<span class=\"_ _0\"></span>s and Cas<span class=\"_ _0\"></span>h (2023<span class=\"_ _0\"></span>: T<span class=\"_ _1\"></span>reasur<span class=\"_ _0\"></span>y Gil<span class=\"_ _0\"></span>ts, Fo<span class=\"_ _0\"></span>reig<span class=\"_ _0\"></span>n Gover<span class=\"_ _0\"></span>nme<span class=\"_ _0\"></span>nt Bo<span class=\"_ _0\"></span>nds<span class=\"_ _0\"></span>, A<span class=\"_ _0\"></span>A<span class=\"_ _3\"></span>A<span class=\"_ _0\"></span>, A<span class=\"_ _3\"></span>A<span class=\"_ _0\"></span>, A and BB<span class=\"_ _0\"></span>B Co<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>orate Bo<span class=\"_ _0\"></span>nds an<span class=\"_ _0\"></span>d Cash) having a resid<span class=\"_ _0\"></span>ual matu<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ty of over 32 yea<span class=\"_ _0\"></span>rs (202<span class=\"_ _0\"></span>3: over 4<span class=\"_ _3\"></span>4 years). \u2022 <span class=\"_ _21\"> </span><span class=\"ff4\"> <span class=\"_ _b\"></span>\u00a35,<span class=\"_ _0\"></span>37<span class=\"_ _0\"></span>7m (202<span class=\"_ _0\"></span>3: \u00a35<span class=\"_ _0\"></span>,25<span class=\"_ _0\"></span>7m) of <span class=\"_ _1\"></span>asse<span class=\"_ _0\"></span>ts ple<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>d as colla<span class=\"_ _0\"></span>teral in relat<span class=\"_ _0\"></span>ion to vario<span class=\"_ _0\"></span>us pe<span class=\"_ _0\"></span>nsio<span class=\"_ _0\"></span>n risk tra<span class=\"_ _0\"></span>nsfer de<span class=\"_ _0\"></span>als. T<span class=\"_ _0\"></span>he asse<span class=\"_ _0\"></span>ts use<span class=\"_ _0\"></span>d as collater<span class=\"_ _0\"></span>al </span>are<span class=\"_ gsec\"> </span>T<span class=\"_ _1\"></span>reasur<span class=\"_ _0\"></span>y Gil<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>, A<span class=\"_ _0\"></span>A<span class=\"_ _3\"></span>A to BBB Co<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>ora<span class=\"_ _0\"></span>te Bond<span class=\"_ _0\"></span>s and Cash (20<span class=\"_ _0\"></span>23<span class=\"_ _0\"></span>: T<span class=\"_ _4\"></span>re<span class=\"_ _0\"></span>asur<span class=\"_ _3\"></span>y Gilts<span class=\"_ _0\"></span>, A<span class=\"_ _0\"></span>A<span class=\"_ _3\"></span>A to BBB Co<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ate Bon<span class=\"_ _0\"></span>ds and Cas<span class=\"_ _0\"></span>h) <span class=\"_ _1\"></span>havin<span class=\"_ _0\"></span>g a residua<span class=\"_ _0\"></span>l matur<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y of over 45 yea<span class=\"_ _0\"></span>rs (20<span class=\"_ _0\"></span>23: over 4<span class=\"_ _3\"></span>4 years). \u2022 <span class=\"_ _21\"> </span><span class=\"ff4\"> <span class=\"_ _b\"></span>\u00a39<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>4m (20<span class=\"_ _0\"></span>23<span class=\"_ _0\"></span>: \u00a3752m) of assets ple<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>ed in resp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ct of long<span class=\"_ _0\"></span>evi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y swaps with rei<span class=\"_ _0\"></span>nsur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e cou<span class=\"_ _0\"></span>nter<span class=\"_ _0\"></span>par<span class=\"_ _3\"></span>ties. T<span class=\"_ _0\"></span>he ass<span class=\"_ _0\"></span>ets use<span class=\"_ _0\"></span>d as collate<span class=\"_ _0\"></span>ral are </span>T<span class=\"_ _1\"></span>reasur<span class=\"_ _0\"></span>y Gil<span class=\"_ _0\"></span>ts and A<span class=\"_ _3\"></span>A<span class=\"_ _0\"></span>A to A<span class=\"_ _0\"></span>A C<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>por<span class=\"_ _0\"></span>ate Bon<span class=\"_ _0\"></span>ds (202<span class=\"_ _0\"></span>3: T<span class=\"_ _1\"></span>reasur<span class=\"_ _0\"></span>y Gil<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>, A<span class=\"_ _0\"></span>A<span class=\"_ _3\"></span>A to A <span class=\"_ _1\"></span>Co<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ate Bond<span class=\"_ _0\"></span>s) <span class=\"_ _1\"></span>havin<span class=\"_ _0\"></span>g a residua<span class=\"_ _0\"></span>l maturi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y of over 6<span class=\"_ _1\"></span>1 years (202<span class=\"_ _0\"></span>3: over 3<span class=\"_ _0\"></span>4 year<span class=\"_ _0\"></span>s).<span class=\"_ _3b2\"> </span>Whil<span class=\"_ _0\"></span>e ple<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>d as coll<span class=\"_ _0\"></span>ateral<span class=\"_ _0\"></span>, the Gro<span class=\"_ _0\"></span>up is enti<span class=\"_ _0\"></span>tle<span class=\"_ _0\"></span>d to receive all of the ca<span class=\"_ _0\"></span>sh fl<span class=\"_ _0\"></span>ows from the ass<span class=\"_ _0\"></span>ets ab<span class=\"_ _0\"></span>ove, and th<span class=\"_ _0\"></span>ere is no obli<span class=\"_ _0\"></span>gatio<span class=\"_ _0\"></span>n to pay or transfer<span class=\"_ _0\"></span> cash f<span class=\"_ _0\"></span>lows ari<span class=\"_ _0\"></span>sing fro<span class=\"_ _0\"></span>m the<span class=\"_ _0\"></span>m to another e<span class=\"_ _0\"></span>ntit<span class=\"_ _0\"></span>y. Thes<span class=\"_ _0\"></span>e assets are ne<span class=\"_ _0\"></span>ith<span class=\"_ _0\"></span>er pas<span class=\"_ _0\"></span>t due<span class=\"_ _0\"></span>, nor imp<span class=\"_ _0\"></span>aire<span class=\"_ _0\"></span>d. T<span class=\"_ _0\"></span>he car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing valu<span class=\"_ _0\"></span>e refl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ts the full ex<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>ure of these assets.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Group is pe<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ted to sell or rep<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>dge co<span class=\"_ _0\"></span>llater<span class=\"_ _0\"></span>al as per the In<span class=\"_ _0\"></span>terna<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>al Swa<span class=\"_ _0\"></span>p Deal<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s Ass<span class=\"_ _0\"></span>oci<span class=\"_ _0\"></span>ation ag<span class=\"_ _0\"></span>ree<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts in pla<span class=\"_ _0\"></span>ce, in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>g where th<span class=\"_ _0\"></span>ere has be<span class=\"_ _0\"></span>en no defa<span class=\"_ _0\"></span>ult by the owne<span class=\"_ _0\"></span>r of the coll<span class=\"_ _0\"></span>ateral<span class=\"_ _0\"></span>. As at 31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2024<span class=\"_ _0\"></span>, the Gro<span class=\"_ _0\"></span>up had rep<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>d cash c<span class=\"_ _0\"></span>ollate<span class=\"_ _0\"></span>ral with a fair valu<span class=\"_ _0\"></span>e of \u00a370<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>m (202<span class=\"_ _0\"></span>3: \u00a36<span class=\"_ _0\"></span>47m) in order to fulf<span class=\"_ _0\"></span>il other c<span class=\"_ _0\"></span>ollater<span class=\"_ _0\"></span>al requ<span class=\"_ _0\"></span>irem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s in relatio<span class=\"_ _0\"></span>n to deriv<span class=\"_ _0\"></span>atives co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>acts<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e cou<span class=\"_ _0\"></span>nterp<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es have an oblig<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n to return the<span class=\"_ gsec\"> </span>c<span class=\"_ _0\"></span>ash co<span class=\"_ _0\"></span>llatera<span class=\"_ _0\"></span>l to the Group. T<span class=\"_ _0\"></span>here are n<span class=\"_ _0\"></span>o other sig<span class=\"_ _0\"></span>nif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant term<span class=\"_ _0\"></span>s and co<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s asso<span class=\"_ _0\"></span>ciated wi<span class=\"_ _0\"></span>th the use of this cas<span class=\"_ _0\"></span>h coll<span class=\"_ _0\"></span>ateral<span class=\"_ _0\"></span>. Fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>e \u00a32<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>,<span class=\"_ _1\"></span>1<span class=\"_ _4\"></span>17<span class=\"_ _1\"></span>m (202<span class=\"_ _0\"></span>3: \u00a3<span class=\"_ _0\"></span>25,<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>52<span class=\"_ _0\"></span>m) o<span class=\"_ _1\"></span>f asset<span class=\"_ _0\"></span>s that have bee<span class=\"_ _0\"></span>n sold bu<span class=\"_ _0\"></span>t not de<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d and are subj<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t to repurch<span class=\"_ _0\"></span>ase agre<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span>. Risks an<span class=\"_ _0\"></span>d rewards of these as<span class=\"_ _0\"></span>sets have be<span class=\"_ _0\"></span>en ret<span class=\"_ _0\"></span>aine<span class=\"_ _0\"></span>d with<span class=\"_ _0\"></span>in the Gro<span class=\"_ _0\"></span>up. Th<span class=\"_ _0\"></span>e related ob<span class=\"_ _0\"></span>liga<span class=\"_ _0\"></span>tion to repu<span class=\"_ _0\"></span>rcha<span class=\"_ _0\"></span>se the f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial as<span class=\"_ _0\"></span>sets is inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>ed wit<span class=\"_ _0\"></span>hin Payab<span class=\"_ _0\"></span>les an<span class=\"_ _0\"></span>d other f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l liabili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s (Note 25). Fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nts have b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n allo<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ated be<span class=\"_ _0\"></span>twe<span class=\"_ _0\"></span>en th<span class=\"_ _0\"></span>ose e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d to be set<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>ed wi<span class=\"_ _0\"></span>thin 12 months a<span class=\"_ _0\"></span>nd af<span class=\"_ _0\"></span>ter 12 months in l<span class=\"_ _0\"></span>ine wi<span class=\"_ _0\"></span>th th<span class=\"_ _0\"></span>e exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted set<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent of the bac<span class=\"_ _0\"></span>ked liabi<span class=\"_ _0\"></span>liti<span class=\"_ _0\"></span>es. A<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ts in excess of the ins<span class=\"_ _0\"></span>uran<span class=\"_ _0\"></span>ce an<span class=\"_ _0\"></span>d investm<span class=\"_ _0\"></span>ent c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t liabili<span class=\"_ _0\"></span>ties have be<span class=\"_ _0\"></span>en c<span class=\"_ _0\"></span>lassi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ed as exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted to be set<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>ed af<span class=\"_ _0\"></span>ter 1<span class=\"_ _1\"></span>2 months<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>(i<span class=\"_ _1\"></span>) <span class=\"_ _8\"> </span>Fi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l i<span class=\"_ _0\"></span>nvest<span class=\"_ _0\"></span>ments and i<span class=\"_ _0\"></span>nvest<span class=\"_ _0\"></span>ment proper<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y at fa<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>r va<span class=\"_ _0\"></span>lue<span class=\"_ _3b2\"> </span><table class=\"s w1ea h154\" id=\"_d663d009-f0d7-44d5-a682-2d0772188d34\"><tr><td></td><td></td><td class=\"t m0 x5f2 h13 y433c ff5 fs9 fc1 sc0 ls3b ws45\">Shareholder<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x27f h13 y433c ff5 fs9 fc1 sc0 ls18 ws0\">Un<span class=\"_ _0\"></span>it l<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>nke<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c7 h13 y433c ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x431 h13 y433d ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c6 h13 y433d ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c7 h13 y433d ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m0 x4e6 hf y433e ff3 fs9 fc1 sc0 lsee wsf5\">Note<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x433 h13 y433e ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c8 h13 y433e ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 h13 y433e ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y433f w1fb h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">Equity securities<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x5c1 y433f w36 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">2,948<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x73a y433f w89 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">198,342<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x73b y433f w89 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">201,290<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41e7 w1fc h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">Debt securities<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x73c y41e7 w2f h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">78,207<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x73d y41e7 w81 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">148,411<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x73e y41e7 w89 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">226,618<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y42f5 w1fd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls112 ws1e\">Der<span class=\"_ _0\"></span>ivative assets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x73f y42f5 w39 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">13<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x740 y42f5 w93 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">49,195<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1e9 y42f5 w36 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">1,997<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x741 y42f5 w2f h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">51,192<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41c7 w1fe h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Loans at f<span class=\"_ _1\"></span>air value<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x742 y41c7 w1ff h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">12(ii)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x743 y41c7 w36 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">2,630<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x744 y41c7 w36 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">4,772<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x745 y41c7 w36 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">7,402<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w200 h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">Financial in<span class=\"_ _1\"></span>vestments<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x746 y4121 w89 h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">132,980<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x747 y4121 w89 h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">353,522<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x748 y4121 w89 h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">486,502<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41a9 w7f h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws23\">Inv<span class=\"_ _1\"></span>estment<span class=\"_ _1\"></span> property<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x718 y41a9 w36 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">5,955<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x719 y41a9 w36 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">3,867<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x71a y41a9 w36 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">9,822<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w201 h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l fi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>l inve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s at fai<span class=\"_ _0\"></span>r valu<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x749 y40ae w81 h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">138,935<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x74a y40ae w89 h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">357,389<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x74b y40ae w81 h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">496,324<span class=\"_ _3b2\"> </span></div></td></tr></table><table class=\"s w202 h155\" id=\"_c35c45ac-888e-401e-9f41-e9af28c32f45\"><tr><td></td><td></td><td class=\"t m0 x4c4 hf y4340 ff3 fs9 fc1 sc0 ls29 ws30\">Shareholder<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x615 hf y4340 ff3 fs9 fc1 sc0 ls18 ws0\">Un<span class=\"_ _0\"></span>it li<span class=\"_ _0\"></span>nke<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c7 hf y4340 ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x637 hf y4341 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c6 hf y4341 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c7 hf y4341 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m0 x4e6 hf y4342 ff3 fs9 fc1 sc0 lsee wsf5\">Note<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x433 hf y4342 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c8 hf y4342 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 hf y4342 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y4305 w1fb h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10a ws5a\">Equity securities<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x74c y4305 w30 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,166<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x74d y4305 w82 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">182,816<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x74e y4305 w82 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">185,982<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c0 w1fc h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10a ws5a\">Debt securities<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x74f y40c0 wd3 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">73,298<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x750 y40c0 w82 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">152,650<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x751 y40c0 w82 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">225,948<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4306 w1fd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls112 ws1e\">Der<span class=\"_ _0\"></span>ivative assets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x73f y4306 w39 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">13<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x752 y4306 w3e h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">38,019<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x753 y4306 w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,121<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x754 y4306 w3e h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">41,140<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c2 w1fe h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">Loans at f<span class=\"_ _1\"></span>air value<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x742 y40c2 w1ff h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">12(ii)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x755 y40c2 w30 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,599<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x756 y40c2 w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">8,691<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x757 y40c2 w3e h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">10,290<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4193 w80 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">Financial investments<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x626 y4193 w82 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">116,082<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x627 y4193 w82 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">347,278<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x628 y4193 w82 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">463,360<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4158 w7f h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Inv<span class=\"_ _1\"></span>estment<span class=\"_ _1\"></span> property<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x734 y4158 w30 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5,503<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5d5 y4158 w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,390<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3be y4158 w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">8,893<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w203 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">T<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>tal financial investments at<span class=\"_ _1\"></span> fair value<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x758 y40ae w82 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">121,585<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x759 y40ae w82 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">350,668<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x75a y40ae w82 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">472,253<span class=\"_ _3b2\"> </span></div></td></tr></table>Inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>ed with<span class=\"_ _0\"></span>in uni<span class=\"_ _0\"></span>t linked eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y se<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>rit<span class=\"_ _0\"></span>ies are \u00a3121<span class=\"_ _1\"></span>m <span class=\"_ _1\"></span>(202<span class=\"_ _0\"></span>3: \u00a3162m<span class=\"_ _1\"></span>) of debt inst<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts whic<span class=\"_ _0\"></span>h inco<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ate an embe<span class=\"_ _0\"></span>dd<span class=\"_ _0\"></span>ed de<span class=\"_ _0\"></span>rivat<span class=\"_ _0\"></span>ive linked to the value of the Gro<span class=\"_ _0\"></span>up\u2019s share pr<span class=\"_ _0\"></span>ice<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>(ii) <span class=\"_ _d\"> </span>Fai<span class=\"_ _0\"></span>r va<span class=\"_ _0\"></span>lue h<span class=\"_ _0\"></span>iera<span class=\"_ _0\"></span>rchy<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e table b<span class=\"_ _0\"></span>elow bre<span class=\"_ _0\"></span>aks down th<span class=\"_ _0\"></span>e fair value of fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>ial inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nts and inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y by fair value hi<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>rchy leve<span class=\"_ _0\"></span>l.<span class=\"_ _3b2\"> </span><table class=\"s w204 h156\" id=\"_f5e2be91-b688-4de2-8999-e59e8b642f19\"><tr><td></td><td class=\"t m2 x430 h13 y4343 ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x75b h13 y4343 ff6 fs9 fc1 sc0 ls18 ws32\">Lev<span class=\"_ _0\"></span>el 1<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x4e8 h13 y4343 ff6 fs9 fc1 sc0 ls18 ws32\">Lev<span class=\"_ _0\"></span>el 2<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x75c h13 y4343 ff6 fs9 fc1 sc0 ls18 ws32\">Lev<span class=\"_ _0\"></span>el 3<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 h13 y4344 ff5 fs9 fc1 sc0 ls18 ws0\">As a<span class=\"_ _0\"></span>t 31 De<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>4<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x432 h13 y4344 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x433 h13 y4344 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 h13 y4344 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 h13 y4344 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 hb y4345 ff5 fs6 fc1 sc0 ls12e ws142\">Shareholder<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4346 w1fb h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">Equity securities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5a6 y4346 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">2,948<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x75d y4346 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">960<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x75e y4346 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">170<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x75f y4346 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">1,818<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4347 w1fc h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">Debt securities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x760 y4347 w2f h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">78,207<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x761 y4347 w2f h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">31,714<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x261 y4347 w93 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">25,424<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x762 y4347 w2f h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">21,069<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4348 w1fd h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls112 ws1e\">Der<span class=\"_ _0\"></span>ivative assets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x763 y4348 w2f h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">49,195<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x764 y4348 w59 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x765 y4348 w2f h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">49,188<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x766 y4348 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y42ee w1fe h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Loans at f<span class=\"_ _1\"></span>air value<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x767 y42ee w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">2,630<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x768 y42ee wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x769 y42ee w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">2,630<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x76a y42ee wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4349 w7f h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws23\">Inv<span class=\"_ _1\"></span>estment<span class=\"_ _1\"></span> property<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x76b y4349 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">5,955<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x76c y4349 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x76d y4349 wa6 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x76e y4349 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">5,955<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y42f1 w205 h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls1 ws23\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> Shareholder<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x76f y42f1 w89 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">138,935<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x770 y42f1 w93 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">32,681<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x771 y42f1 w2f h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">77,412<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x772 y42f1 w2f h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">28,842<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 hb y434a ff5 fs6 fc1 sc0 ls181 ws13f\">Un<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t li<span class=\"_ _0\"></span>nke<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y42f3 w1fb h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">Equity securities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x773 y42f3 w89 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">198,342<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x774 y42f3 w81 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">197,532<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x775 y42f3 w59 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x776 y42f3 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">809<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41e4 w1fc h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">Debt securities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x777 y41e4 w81 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">148,411<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x778 y41e4 w2f h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">97,799<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x779 y41e4 w2f h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">49,269<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x77a y41e4 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">1,343<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y433f w1fd h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls112 ws1e\">Der<span class=\"_ _0\"></span>ivative assets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5a6 y433f w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">1,997<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x77b y433f w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">84<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x77c y433f w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">1,913<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x77d y433f wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41e7 w1fe h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Loans at f<span class=\"_ _1\"></span>air value<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x767 y41e7 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">4,772<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x768 y41e7 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x769 y41e7 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">4,772<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x76a y41e7 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y434b w7f h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws23\">Inv<span class=\"_ _1\"></span>estment<span class=\"_ _1\"></span> property<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x76b y434b w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">3,867<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x76c y434b wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x76d y434b wa6 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x76e y434b w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">3,867<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y419a wf9 h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls1 ws23\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> Unit link<span class=\"_ _1\"></span>ed<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x77e y419a w89 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">357,389<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x77f y419a w89 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">295,415<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x780 y419a w2f h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">55,955<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x781 y419a w36 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">6,019<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y434c w206 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l fi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>l inve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s and in<span class=\"_ _0\"></span>ves<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y at fa<span class=\"_ _0\"></span>ir val<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x782 y434c w89 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">496,324<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x783 y434c w89 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">328,096<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x784 y434c w89 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">133,367<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x785 y434c w93 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">34,861<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y41a9 w207 h126\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">Debt securities at amortised cost</div><div class=\"t m2 x786 h5a y4138 ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x593 y4158 w36 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">7,847<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x787 y4158 wa5 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x788 y4158 w7b h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">43<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x789 y4158 w36 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">7,804<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y434d w208 h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Loa<span class=\"_ _0\"></span>ns at a<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>ed c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t</div><div class=\"t m2 x416 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x78a y40ae w7b h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">84<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x78b y40ae w59 h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x78c y40ae wa5 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x78d y40ae w7b h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">83<span class=\"_ _3b2\"> </span></div></td></tr></table><table class=\"s w209 h157\" id=\"_0592dc85-3f81-4fdb-baf5-9bd34e9d0ff6\"><tr><td></td><td class=\"t m2 x6fe hf y434e ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x75b hf y434e ff3 fs9 fc1 sc0 ls18 ws0\">Lev<span class=\"_ _0\"></span>el 1<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x503 hf y434e ff3 fs9 fc1 sc0 ls18 ws0\">Lev<span class=\"_ _0\"></span>el 2<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x281 hf y434e ff3 fs9 fc1 sc0 ls18 ws0\">Lev<span class=\"_ _0\"></span>el 3<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 hf y434f ff3 fs9 fc1 sc0 ls18 ws0\">As a<span class=\"_ _0\"></span>t 31 De<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>3<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x432 hf y434f ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x433 hf y434f ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 hf y434f ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y434f ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 h1a y4350 ff3 fs6 fc1 sc0 ls11b ws13f\">Shareholder<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4351 w1fb h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10a ws5a\">Equity securities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x78e y4351 w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,166<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x78f y4351 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,069<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x790 y4351 w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">144<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x791 y4351 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,953<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4352 w1fc h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10a ws5a\">Debt securities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x792 y4352 w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">73,298<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x793 y4352 w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">26,003<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x794 y4352 w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">27,860<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x795 y4352 wd3 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">19,435<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4353 w1fd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls112 ws1e\">Der<span class=\"_ _0\"></span>ivative assets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x792 y4353 w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">38,019<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x796 y4353 w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">123<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x797 y4353 w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">37,896<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x798 y4353 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4354 w1fe h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">Loans at f<span class=\"_ _1\"></span>air value<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x799 y4354 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,599<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x79a y4354 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x79b y4354 w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,599<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x79c y4354 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4355 w7f h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Inv<span class=\"_ _1\"></span>estment<span class=\"_ _1\"></span> property<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x79d y4355 w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5,503<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x79e y4355 wbf h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x617 y4355 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x724 y4355 w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5,503<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40bb w20a h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws2a\">T<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>tal Shar<span class=\"_ _1\"></span>eholder<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x79f y40bb w82 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">121,585<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7a0 y40bb w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">27,195<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7a1 y40bb w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">67,499<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7a2 y40bb wd3 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">26,891<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 h1a y4356 ff3 fs6 fc1 sc0 ls11c ws25\">Unit l<span class=\"_ _1\"></span>ink<span class=\"_ _1\"></span>ed<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4357 w1fb h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10a ws5a\">Equity securities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7a3 y4357 w82 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">182,816<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7a4 y4357 w82 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">182,348<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7a5 y4357 w39 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">29<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x235 y4357 w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">439<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4358 w1fc h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10a ws5a\">Debt securities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7a6 y4358 w82 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">152,650<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7a7 y4358 w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">91,874<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7a8 y4358 wd3 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">59,748<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7a9 y4358 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,028<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4359 w1fd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls112 ws1e\">Der<span class=\"_ _0\"></span>ivative assets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7aa y4359 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,121<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7ab y4359 w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">148<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7ac y4359 w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,973<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7ad y4359 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y435a w1fe h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">Loans at f<span class=\"_ _1\"></span>air value<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x799 y435a w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">8,691<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x79a y435a wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x79b y435a w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">8,691<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x79c y435a wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4199 w7f h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Inv<span class=\"_ _1\"></span>estment<span class=\"_ _1\"></span> property<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x79d y4199 w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,390<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x79e y4199 wbf h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x617 y4199 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x724 y4199 w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,390<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y435b w20b h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">T<span class=\"_ _1\"></span>otal Un<span class=\"_ _0\"></span>it li<span class=\"_ _0\"></span>nke<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7ae y435b w82 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">350,668<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7af y435b w82 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">274,370<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7b0 y435b wd3 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">71,441<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7b1 y435b w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">4,857<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y435c w20c h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">T<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>tal financial investments and in<span class=\"_ _1\"></span>vestment proper<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y at fa<span class=\"_ _1\"></span>ir value<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7b2 y435c w82 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">472,253<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7b3 y435c w82 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">301,565<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7b4 y435c w82 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">138,940<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7b5 y435c w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">31,748<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y40ac w207 h126\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">Debt securities at amortised cost</div><div class=\"t m2 x786 h5a y4138 ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7b6 y435d w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">7,184<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7b7 y435d wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7b8 y435d w39 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">45<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7b9 y435d w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">7,139<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y40ae w208 h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Loa<span class=\"_ _0\"></span>ns at a<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>ed c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t</div><div class=\"t m2 x416 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x78a y40ae w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">13<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7ba y40ae w75 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7bb y40ae w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">12<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7bc y40ae wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr></table>1. <span class=\"_ _15\"> </span>Th<span class=\"_ _0\"></span>is t<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>s de<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>t se<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d l<span class=\"_ _0\"></span>oa<span class=\"_ _0\"></span>ns w<span class=\"_ _0\"></span>hi<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>h ar<span class=\"_ _0\"></span>e he<span class=\"_ _0\"></span>ld a<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t o<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e C<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>da<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d B<span class=\"_ _0\"></span>ala<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ce S<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>et a<span class=\"_ _0\"></span>t a to<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>l val<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>e of \u00a3<span class=\"_ _0\"></span>9,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>49<span class=\"_ _0\"></span>m (20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3: \u00a3<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>45<span class=\"_ _0\"></span>m).<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e levels of fair value m<span class=\"_ _0\"></span>easu<span class=\"_ _0\"></span>rem<span class=\"_ _0\"></span>ent bas<span class=\"_ _0\"></span>es are def<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d as follows: Level 1<span class=\"_ _1\"></span>: fair value<span class=\"_ _0\"></span>s measu<span class=\"_ _0\"></span>red usi<span class=\"_ _0\"></span>ng quoted p<span class=\"_ _0\"></span>ric<span class=\"_ _0\"></span>es (unadjus<span class=\"_ _0\"></span>ted) in ac<span class=\"_ _0\"></span>tive mar<span class=\"_ _0\"></span>kets for ide<span class=\"_ _0\"></span>ntic<span class=\"_ _0\"></span>al asse<span class=\"_ _0\"></span>ts or liabil<span class=\"_ _0\"></span>itie<span class=\"_ _0\"></span>s. Level 2<span class=\"_ _0\"></span>: fair valu<span class=\"_ _0\"></span>es meas<span class=\"_ _0\"></span>ured us<span class=\"_ _0\"></span>ing valu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n techn<span class=\"_ _0\"></span>ique<span class=\"_ _0\"></span>s for all inpu<span class=\"_ _0\"></span>ts signi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>can<span class=\"_ _0\"></span>t to the measure<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt othe<span class=\"_ _0\"></span>r than qu<span class=\"_ _0\"></span>oted pric<span class=\"_ _0\"></span>es in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>ded wi<span class=\"_ _0\"></span>thin<span class=\"_ _0\"></span> Level 1 that are ob<span class=\"_ _0\"></span>ser<span class=\"_ _3\"></span>vable for the as<span class=\"_ _0\"></span>set or lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ty, eith<span class=\"_ _0\"></span>er dire<span class=\"_ _0\"></span>ctl<span class=\"_ _0\"></span>y (i.e. as pr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>es) or indirec<span class=\"_ _0\"></span>tly (i<span class=\"_ _0\"></span>.e. de<span class=\"_ _0\"></span>rive<span class=\"_ _0\"></span>d from pr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>es). Level 3: fair val<span class=\"_ _0\"></span>ues me<span class=\"_ _0\"></span>asure<span class=\"_ _0\"></span>d usin<span class=\"_ _0\"></span>g valuati<span class=\"_ _0\"></span>on tec<span class=\"_ _0\"></span>hniq<span class=\"_ _0\"></span>ues for any inp<span class=\"_ _0\"></span>ut for the ass<span class=\"_ _0\"></span>et or liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y sig<span class=\"_ _0\"></span>nif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant to the meas<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t that is not base<span class=\"_ _0\"></span>d on<span class=\"_ gsec\"> </span>ob<span class=\"_ _0\"></span>ser<span class=\"_ _3\"></span>vable ma<span class=\"_ _0\"></span>rket data (unob<span class=\"_ _0\"></span>ser<span class=\"_ _3\"></span>vable in<span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>ts).<span class=\"_ _3b2\"> </span>All of the Gro<span class=\"_ _0\"></span>up\u2019s Level 2 assets have be<span class=\"_ _0\"></span>en val<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span>d using st<span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>ard mar<span class=\"_ _0\"></span>ket pric<span class=\"_ _0\"></span>ing so<span class=\"_ _0\"></span>urc<span class=\"_ _0\"></span>es, su<span class=\"_ _0\"></span>ch as IH<span class=\"_ _0\"></span>S Mar<span class=\"_ _0\"></span>ki<span class=\"_ _0\"></span>t, IC<span class=\"_ _0\"></span>E and Blo<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>rg, o<span class=\"_ _0\"></span>r Index<span class=\"_ _0\"></span> Provid<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s suc<span class=\"_ _0\"></span>h as Barcl<span class=\"_ _0\"></span>ays, Me<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>ill Lynch or JP<span class=\"_ _0\"></span>Mo<span class=\"_ _0\"></span>rga<span class=\"_ _0\"></span>n. Ea<span class=\"_ _0\"></span>ch use<span class=\"_ _0\"></span>s mathe<span class=\"_ _0\"></span>mati<span class=\"_ _0\"></span>cal mo<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>lling an<span class=\"_ _0\"></span>d mult<span class=\"_ _0\"></span>iple so<span class=\"_ _0\"></span>urc<span class=\"_ _0\"></span>e validati<span class=\"_ _0\"></span>on in ord<span class=\"_ _0\"></span>er to deter<span class=\"_ _0\"></span>mine<span class=\"_ _0\"></span> con<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>sus pr<span class=\"_ _0\"></span>ice<span class=\"_ _0\"></span>s, wi<span class=\"_ _0\"></span>th the exce<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>n of OT<span class=\"_ _1\"></span>C Der<span class=\"_ _0\"></span>ivati<span class=\"_ _0\"></span>ve hold<span class=\"_ _0\"></span>ings<span class=\"_ _0\"></span>; OTCs are marked to market usi<span class=\"_ _0\"></span>ng an in<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>ous<span class=\"_ _0\"></span>e system (Lo<span class=\"_ _0\"></span>mba<span class=\"_ _0\"></span>rd Ob<span class=\"_ _0\"></span>ero<span class=\"_ _0\"></span>n), ex<span class=\"_ _0\"></span>tern<span class=\"_ _0\"></span>al vend<span class=\"_ _0\"></span>or (IH<span class=\"_ _0\"></span>S Mar<span class=\"_ _0\"></span>ki<span class=\"_ _0\"></span>t), interna<span class=\"_ _0\"></span>l mod<span class=\"_ _0\"></span>el or Co<span class=\"_ _0\"></span>unter<span class=\"_ _0\"></span>par<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>y Broker ma<span class=\"_ _0\"></span>rks<span class=\"_ _0\"></span>. In nor<span class=\"_ _0\"></span>mal mar<span class=\"_ _0\"></span>ket co<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s, we would c<span class=\"_ _0\"></span>onsi<span class=\"_ _0\"></span>der th<span class=\"_ _0\"></span>ese ma<span class=\"_ _0\"></span>rket pri<span class=\"_ _0\"></span>ces<span class=\"_ gsec\"> </span>to<span class=\"_ gsec\"> </span>b<span class=\"_ _0\"></span>e obse<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vab<span class=\"_ _0\"></span>le mar<span class=\"_ _0\"></span>ket pric<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>. Follow<span class=\"_ _0\"></span>ing co<span class=\"_ _0\"></span>nsul<span class=\"_ _0\"></span>tati<span class=\"_ _0\"></span>on with o<span class=\"_ _0\"></span>ur pri<span class=\"_ _0\"></span>cin<span class=\"_ _0\"></span>g provid<span class=\"_ _0\"></span>ers an<span class=\"_ _0\"></span>d a numb<span class=\"_ _0\"></span>er of their c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>utin<span class=\"_ _0\"></span>g broker<span class=\"_ _0\"></span>s, we have con<span class=\"_ _0\"></span>side<span class=\"_ _0\"></span>red th<span class=\"_ _0\"></span>at thes<span class=\"_ _0\"></span>e pric<span class=\"_ _0\"></span>es are not fro<span class=\"_ _0\"></span>m a suitab<span class=\"_ _0\"></span>ly ac<span class=\"_ _0\"></span>tive mar<span class=\"_ _0\"></span>ket and have the<span class=\"_ _0\"></span>refore clas<span class=\"_ _0\"></span>sif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d them as Leve<span class=\"_ _0\"></span>l 2. Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p\u2019s poli<span class=\"_ _0\"></span>cy is to re<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>sess c<span class=\"_ _0\"></span>ateg<span class=\"_ _0\"></span>oris<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial as<span class=\"_ _0\"></span>sets at t<span class=\"_ _0\"></span>he en<span class=\"_ _0\"></span>d of eac<span class=\"_ _0\"></span>h rep<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>ting pe<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>od an<span class=\"_ _0\"></span>d to reco<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>se tra<span class=\"_ _0\"></span>nsfers b<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en level<span class=\"_ _0\"></span>s<span class=\"_ gsec\"> </span>at that poin<span class=\"_ _0\"></span>t in time. At 31 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>24 debt se<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>riti<span class=\"_ _0\"></span>es totallin<span class=\"_ _0\"></span>g net \u00a30<span class=\"_ _0\"></span>.6b<span class=\"_ _0\"></span>n (2023<span class=\"_ _0\"></span>: \u00a30.7bn) transfer<span class=\"_ _0\"></span>red fr<span class=\"_ _0\"></span>om Level 2 to Level 1 in the fair<span class=\"_ gsec\"> </span>valu<span class=\"_ _0\"></span>e hier<span class=\"_ _0\"></span>arc<span class=\"_ _0\"></span>hy<span class=\"_ _1\"></span>. (b) Level <span class=\"_ _278\"></span><span class=\"ls1 ws0\">3<span class=\"ls18\"> asse<span class=\"_ _0\"></span>ts m<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>red at f<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>r va<span class=\"_ _0\"></span>lue<span class=\"_ _3b2\"> </span></span></span>Level 3 asse<span class=\"_ _0\"></span>ts, wh<span class=\"_ _0\"></span>ere mo<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>lling tec<span class=\"_ _0\"></span>hni<span class=\"_ _0\"></span>ques are us<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>, com<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>ise prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>y, <span class=\"_ _1\"></span>unqu<span class=\"_ _0\"></span>oted se<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>es, un<span class=\"_ _0\"></span>trad<span class=\"_ _0\"></span>ed de<span class=\"_ _0\"></span>bt sec<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>itie<span class=\"_ _0\"></span>s and se<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>es whe<span class=\"_ _0\"></span>re unqu<span class=\"_ _0\"></span>oted pr<span class=\"_ _0\"></span>ice<span class=\"_ _0\"></span>s are provid<span class=\"_ _0\"></span>ed by a single b<span class=\"_ _0\"></span>roker. <span class=\"_ _1\"></span>Un<span class=\"_ _0\"></span>quoted se<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ties in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>de susp<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d sec<span class=\"_ _0\"></span>uri<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>, inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nts in pri<span class=\"_ _0\"></span>vate equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y and prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>y vehic<span class=\"_ _0\"></span>les<span class=\"_ _0\"></span>. Untr<span class=\"_ _0\"></span>ade<span class=\"_ _0\"></span>d deb<span class=\"_ _0\"></span>t secu<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ties in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>de pr<span class=\"_ _0\"></span>ivate plac<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span>, co<span class=\"_ _0\"></span>mme<span class=\"_ _0\"></span>rci<span class=\"_ _0\"></span>al real est<span class=\"_ _0\"></span>ate loans<span class=\"_ _0\"></span>, inc<span class=\"_ _0\"></span>ome s<span class=\"_ _0\"></span>trip<span class=\"_ _0\"></span>s, reti<span class=\"_ _0\"></span>rem<span class=\"_ _0\"></span>ent intere<span class=\"_ _0\"></span>st on<span class=\"_ _0\"></span>ly and oth<span class=\"_ _0\"></span>er lif<span class=\"_ _1\"></span>etime<span class=\"_ _1\"></span> mortgages.<span class=\"_ _3b2\"> </span>In many situ<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns, in<span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>ts used to meas<span class=\"_ _0\"></span>ure the fair val<span class=\"_ _0\"></span>ue of an asset or lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ty m<span class=\"_ _0\"></span>ay fall into differe<span class=\"_ _0\"></span>nt leve<span class=\"_ _0\"></span>ls of the fair value hie<span class=\"_ _0\"></span>rarc<span class=\"_ _0\"></span>hy. In <span class=\"_ _1\"></span>the<span class=\"_ _0\"></span>se situ<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns, th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p deter<span class=\"_ _0\"></span>mine<span class=\"_ _0\"></span>s the leve<span class=\"_ _0\"></span>l in which th<span class=\"_ _0\"></span>e fair value falls bas<span class=\"_ _0\"></span>ed up<span class=\"_ _0\"></span>on the l<span class=\"_ _0\"></span>owest leve<span class=\"_ _0\"></span>l inpu<span class=\"_ _0\"></span>t that is signi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>can<span class=\"_ _0\"></span>t to the determi<span class=\"_ _0\"></span>natio<span class=\"_ _0\"></span>n of<span class=\"_ gsec\"> </span>the fair valu<span class=\"_ _0\"></span>e. As a resul<span class=\"_ _0\"></span>t, b<span class=\"_ _0\"></span>oth obse<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ble an<span class=\"_ _0\"></span>d unob<span class=\"_ _0\"></span>ser<span class=\"_ _3\"></span>vable in<span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>ts may be used in th<span class=\"_ _0\"></span>e deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ation of fair valu<span class=\"_ _0\"></span>es that the Gr<span class=\"_ _0\"></span>oup has<span class=\"_ _0\"></span> clas<span class=\"_ _0\"></span>sif<span class=\"_ _0\"></span>ied<span class=\"_ gsec\"> </span>w<span class=\"_ _0\"></span>ithi<span class=\"_ _0\"></span>n Level 3.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Group d<span class=\"_ _0\"></span>eterm<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>s the fair valu<span class=\"_ _0\"></span>es of cer<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ain f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial as<span class=\"_ _0\"></span>sets an<span class=\"_ _0\"></span>d liabili<span class=\"_ _0\"></span>ties ba<span class=\"_ _0\"></span>sed on qu<span class=\"_ _0\"></span>oted mar<span class=\"_ _0\"></span>ket pri<span class=\"_ _0\"></span>ces<span class=\"_ _0\"></span>, whe<span class=\"_ _0\"></span>re availabl<span class=\"_ _0\"></span>e. Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p also deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>es fair valu<span class=\"_ _0\"></span>e base<span class=\"_ _0\"></span>d on estim<span class=\"_ _0\"></span>ated fu<span class=\"_ _0\"></span>ture cas<span class=\"_ _0\"></span>h flows dis<span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>nted at the ap<span class=\"_ _0\"></span>prop<span class=\"_ _0\"></span>riate cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>t market rate. A<span class=\"_ _0\"></span>s appro<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>iate, fair valu<span class=\"_ _0\"></span>es refl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t adjus<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nts for co<span class=\"_ _0\"></span>unter<span class=\"_ _0\"></span>par<span class=\"_ _3\"></span>ty cr<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>t quali<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, <span class=\"_ _1\"></span>the Gro<span class=\"_ _0\"></span>up\u2019s cred<span class=\"_ _0\"></span>it sta<span class=\"_ _0\"></span>ndin<span class=\"_ _0\"></span>g, liq<span class=\"_ _0\"></span>uidi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y and risk m<span class=\"_ _0\"></span>argin<span class=\"_ _0\"></span>s on uno<span class=\"_ _0\"></span>bser<span class=\"_ _3\"></span>vable in<span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>ts.<span class=\"_ _3b2\"> </span>Fair valu<span class=\"_ _0\"></span>es are subje<span class=\"_ _0\"></span>ct to a cont<span class=\"_ _0\"></span>rol fra<span class=\"_ _0\"></span>mewo<span class=\"_ _0\"></span>rk des<span class=\"_ _0\"></span>igne<span class=\"_ _0\"></span>d to ensure that in<span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>t varia<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span>s and out<span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>ts are asses<span class=\"_ _0\"></span>sed in<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>nt of the risk take<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>. Th<span class=\"_ _0\"></span>ese inp<span class=\"_ _0\"></span>uts an<span class=\"_ _0\"></span>d out<span class=\"_ _0\"></span>put<span class=\"_ _0\"></span>s are reviewe<span class=\"_ _0\"></span>d and app<span class=\"_ _0\"></span>roved by a valuatio<span class=\"_ _0\"></span>n co<span class=\"_ _0\"></span>mmi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tee and vali<span class=\"_ _0\"></span>dated ind<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ly as appr<span class=\"_ _0\"></span>opr<span class=\"_ _0\"></span>iate.<span class=\"_ _3b2\"> </span><table class=\"s w20d h158\" id=\"_8a827fcb-1691-4961-8b78-2eb2ea8ad7ad\"><tr><td></td><td></td><td></td><td class=\"t m0 x680 h13 y435e ff5 fs9 fc1 sc0 ls1 ws0\">Othe<span class=\"_ _0\"></span>r </td><td></td><td></td><td></td><td class=\"t m0 x325 hf y435e ff3 fs9 fc1 sc0 ls1b ws1f\">Other<span class=\"_ _0\"></span> <span class=\"ls1 ws0\"> </span></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"t m0 x7bd h13 y435f ff5 fs9 fc1 sc0 ls1 ws0\">Equit<span class=\"_ _0\"></span>y </td><td class=\"t m0 x7be h13 y435f ff5 fs9 fc1 sc0 ls38 ws3a\">financial </td><td class=\"t m0 x4e9 h13 y435f ff6 fs9 fc1 sc0 ls2c ws34\">Inve<span class=\"_ _1\"></span>stment </td><td></td><td class=\"t m0 x45d hf y435f ff3 fs9 fc1 sc0 ls111 wsc0\">Equit<span class=\"_ _0\"></span>y </td><td class=\"t m0 x7bf hf y435f ff3 fs9 fc1 sc0 ls187 ws19c\">financial </td><td class=\"t m0 x658 hf y435f ff3 fs9 fc1 sc0 ls187 ws19c\">Investment </td><td></td></tr><tr><td></td><td></td><td class=\"t m0 x7c0 h13 y4360 ff5 fs9 fc1 sc0 ls1 ws0\">securities </td><td class=\"t m0 x45b h13 y4360 ff6 fs9 fc1 sc0 ls3d ws131\">investments </td><td class=\"t m0 x5ef h13 y4360 ff5 fs9 fc1 sc0 ls1 ws0\">proper<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y  </td><td class=\"t m0 x430 h13 y4360 ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x286 hf y4360 ff3 fs9 fc1 sc0 ls168 ws183\">securities </td><td class=\"t m0 x499 hf y4360 ff3 fs9 fc1 sc0 ls187 ws19c\">investments </td><td class=\"t m0 x7c1 hf y4360 ff3 fs9 fc1 sc0 ls3b ws45\">property <span class=\"ls1 ws0\"> </span></td><td class=\"t m0 x1c7 hf y4360 ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x7c2 h13 y4361 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x7c3 h13 y4361 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x7c4 h13 y4361 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x430 h13 y4361 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x26f hf y4361 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x26c hf y4361 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x7c5 hf y4361 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c7 hf y4361 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x7c6 h13 y4362 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x321 h13 y4362 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x464 h13 y4362 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x432 h13 y4362 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x465 hf y4362 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x466 hf y4362 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x467 hf y4362 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 hf y4362 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y41d1 w1d8 h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws0\">As a<span class=\"_ _0\"></span>t 1 Ja<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x7c7 y41d1 w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,392<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7c8 y41d1 w2f h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">20,463<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7c9 y41d1 w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">8,893<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7ca y41d1 w2f h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">31,748<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7cb y41d1 w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,307<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7cc y41d1 w3e h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">16,421<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7cd y41d1 w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">9,372<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7ce y41d1 w3e h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">28,100<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 h1a y4363 ff3 fs6 fc1 sc0 ls56 ws0\">T<span class=\"_ _1\"></span>otal ga<span class=\"_ _0\"></span>ins<span class=\"_ _0\"></span>/(lo<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s) for the y<span class=\"_ _0\"></span>ear<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4189 w114 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c x405 y4189 w20e h11a\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">realised gains<span class=\"_ _1\"></span> or (losses)</div><div class=\"t m0 x7cf h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7d0 y4189 w1e1 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7d1 y4189 w41 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(17)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7d2 y4189 wb4 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(2)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7d3 y4189 w41 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(15)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7d4 y4189 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">24<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7d5 y4189 w3b h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(432)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7d6 y4189 w50 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7d7 y4189 w3b h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(405)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y417f w114 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c x405 y417f w20f h11a\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">unrealised gains<span class=\"_ _1\"></span> or (losses)</div><div class=\"t m0 x7d8 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7d9 y417f w3a h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(208)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7da y417f w3a h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(278)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7db y417f w41 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(20)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7dc y417f w3a h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(506)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7dd y417f w5a h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(34)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7de y417f w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">357<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7df y417f w3b h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(923)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7e0 y417f w3b h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(600)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c0 w210 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10a ws118\">Purchases/<span class=\"_ _1\"></span>Additions<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x7e1 y40c0 w4a h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">789<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7e2 y40c0 w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">5,649<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7e3 y40c0 w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,502<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7e4 y40c0 w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">7,940<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7e5 y40c0 w42 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">278<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7e6 y40c0 w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">6,009<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7e7 y40c0 w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,264<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7e8 y40c0 w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">7,551<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c1 w211 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10a ws118\">Disposals/Dereco<span class=\"_ _0\"></span>gnitions<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x7e9 y40c1 w3a h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(364)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7ea y40c1 w33 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(3,369)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7eb y40c1 w3a h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(552)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7ec y40c1 w33 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(4,285)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7ed y40c1 w3b h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(149)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7ee y40c1 w34 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(2,018)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7ef y40c1 w3b h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(854)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7f0 y40c1 w34 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(3,021)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4182 w212 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">T<span class=\"_ _1\"></span>ransfe<span class=\"_ _0\"></span>rs i<span class=\"_ _0\"></span>nto Lev<span class=\"_ _0\"></span>el 3<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x7f1 y4182 wa4 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7f2 y4182 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">70<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7f3 y4182 wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7f4 y4182 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">70<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7f5 y4182 w50 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7f6 y4182 w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">241<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7f7 y4182 wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7f8 y4182 w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">243<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4183 w213 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">T<span class=\"_ _1\"></span>ransfe<span class=\"_ _0\"></span>rs o<span class=\"_ _0\"></span>ut of L<span class=\"_ _0\"></span>eve<span class=\"_ _0\"></span>l 3<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x7f9 y4183 wa4 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7fa y4183 w3a h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(144)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7fb y4183 wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7fc y4183 w3a h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(144)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7fd y4183 wc0 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(3)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7fe y4183 wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7ff y4183 wbf h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x800 y4183 w6a h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(3)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4184 w214 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">For<span class=\"_ _0\"></span>eig<span class=\"_ _0\"></span>n exc<span class=\"_ _0\"></span>han<span class=\"_ _0\"></span>ge r<span class=\"_ _0\"></span>ate move<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x801 y4184 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">14<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x802 y4184 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">38<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x803 y4184 w1e1 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x804 y4184 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">53<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x805 y4184 w71 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(33)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x806 y4184 w3b h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(115)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x807 y4184 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">31<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x808 y4184 w3b h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(117)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w1db h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls12e wsca\">As at<span class=\"_ _1\"></span> 31<span class=\"_ _1\"></span> December<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x809 y40ae w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,627<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x80a y40ae w215 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">22,412<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x80b y40ae w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">9,822<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x80c y40ae w2f h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">34,861<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x80d y40ae w30 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,392<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x80e y40ae w3e h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">20,463<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x80f y40ae w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">8,893<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x810 y40ae w3e h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">31,748<span class=\"_ _3b2\"> </span></div></td></tr></table>1.<span class=\"_ _1d\"> </span>Re<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d a<span class=\"_ _0\"></span>nd u<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>ed g<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>/(l<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>es) ar<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>ed i<span class=\"_ _0\"></span>n In<span class=\"_ _0\"></span>ves<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t re<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>n in t<span class=\"_ _0\"></span>he C<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed I<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e S<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Equity s<span class=\"_ _1\"></span>ecurities<span class=\"_ _3b2\"> </span>Level 3 equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y se<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>es amo<span class=\"_ _0\"></span>unt to \u00a32<span class=\"_ _0\"></span>,62<span class=\"_ _0\"></span>7m (<span class=\"_ _1\"></span>20<span class=\"_ _0\"></span>23<span class=\"_ _0\"></span>: \u00a32<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>92<span class=\"_ _0\"></span>m), of <span class=\"_ _1\"></span>whic<span class=\"_ _0\"></span>h the majo<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y is made up of hold<span class=\"_ _0\"></span>ings in inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y vehi<span class=\"_ _0\"></span>cle<span class=\"_ _0\"></span>s and<span class=\"_ gsec\"> </span>pr<span class=\"_ _0\"></span>ivate inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt fun<span class=\"_ _0\"></span>ds. T<span class=\"_ _0\"></span>hey are valu<span class=\"_ _0\"></span>ed at the pro<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on of the Grou<span class=\"_ _0\"></span>p\u2019s holdin<span class=\"_ _0\"></span>g of the Net As<span class=\"_ _0\"></span>set Value re<span class=\"_ _0\"></span>por<span class=\"_ _3\"></span>ted by the investm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span> vehic<span class=\"_ _0\"></span>les<span class=\"_ _0\"></span>.<span class=\"_ gsec\"> </span>O<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y se<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>es are value<span class=\"_ _0\"></span>d by a numbe<span class=\"_ _0\"></span>r of third<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y spe<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>alists us<span class=\"_ _0\"></span>ing a ran<span class=\"_ _0\"></span>ge of techni<span class=\"_ _0\"></span>que<span class=\"_ _0\"></span>s which are of<span class=\"_ _0\"></span>ten de<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>nt on<span class=\"_ _0\"></span> the<span class=\"_ gsec\"> </span>ma<span class=\"_ _0\"></span>turi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y of<span class=\"_ gsec\"> </span>the und<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>lyi<span class=\"_ _0\"></span>ng invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt but c<span class=\"_ _0\"></span>an also de<span class=\"_ _0\"></span>pen<span class=\"_ _0\"></span>d on the ch<span class=\"_ _0\"></span>ara<span class=\"_ _0\"></span>cteri<span class=\"_ _0\"></span>stic<span class=\"_ _0\"></span>s of indiv<span class=\"_ _0\"></span>idua<span class=\"_ _0\"></span>l assets<span class=\"_ _0\"></span>. Su<span class=\"_ _0\"></span>ch tec<span class=\"_ _0\"></span>hniq<span class=\"_ _0\"></span>ues in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>de tran<span class=\"_ _0\"></span>sac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n value<span class=\"_ _0\"></span>s unde<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>inn<span class=\"_ _0\"></span>ed by anal<span class=\"_ _0\"></span>ysis of miles<span class=\"_ _0\"></span>tone ac<span class=\"_ _0\"></span>hieve<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t and cas<span class=\"_ _0\"></span>h runway for earl<span class=\"_ _0\"></span>y/<span class=\"_ _1\"></span>star<span class=\"_ _3\"></span>t-<span class=\"_ _0\"></span>up stag<span class=\"_ _0\"></span>e invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts, dis<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>unted ca<span class=\"_ _0\"></span>sh fl<span class=\"_ _0\"></span>ow mod<span class=\"_ _0\"></span>els for<span class=\"_ gsec\"> </span>inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nts at the nex<span class=\"_ _0\"></span>t st<span class=\"_ _0\"></span>age of devel<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt and ear<span class=\"_ _0\"></span>nin<span class=\"_ _0\"></span>gs mul<span class=\"_ _0\"></span>tipl<span class=\"_ _0\"></span>es for more matu<span class=\"_ _0\"></span>re invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts.<span class=\"_ _3b2\"> </span>(b) Level <span class=\"_ _278\"></span><span class=\"ls1 ws0\">3<span class=\"ls18\"> asse<span class=\"_ _0\"></span>ts m<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>red at f<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>r va<span class=\"_ _0\"></span>lue <span class=\"ff86 lsd ws7f\">c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>nue<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></span></span></span>Other financial in<span class=\"_ _1\"></span>vestments<span class=\"_ _3b2\"> </span>Lifeti<span class=\"_ _0\"></span>me mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tgag<span class=\"_ _0\"></span>e (L<span class=\"_ _1\"></span>TM) loa<span class=\"_ _0\"></span>ns and reti<span class=\"_ _0\"></span>rem<span class=\"_ _0\"></span>ent intere<span class=\"_ _0\"></span>st on<span class=\"_ _0\"></span>ly mor<span class=\"_ _3\"></span>tgage<span class=\"_ _0\"></span>s amou<span class=\"_ _0\"></span>nt to \u00a35,<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>6<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>m (2023<span class=\"_ _0\"></span>: \u00a35,766<span class=\"_ _0\"></span>m). <span class=\"_ _1\"></span>Lifeti<span class=\"_ _0\"></span>me mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tgag<span class=\"_ _0\"></span>es are valu<span class=\"_ _0\"></span>ed usi<span class=\"_ _0\"></span>ng a disco<span class=\"_ _0\"></span>unted c<span class=\"_ _0\"></span>ash fl<span class=\"_ _0\"></span>ow mod<span class=\"_ _0\"></span>el by proje<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ng be<span class=\"_ _0\"></span>st esti<span class=\"_ _0\"></span>mate net ass<span class=\"_ _0\"></span>et proc<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>eds an<span class=\"_ _0\"></span>d disco<span class=\"_ _0\"></span>unted us<span class=\"_ _0\"></span>ing rates infer<span class=\"_ _0\"></span>red fro<span class=\"_ _0\"></span>m cur<span class=\"_ _0\"></span>rent L<span class=\"_ _1\"></span>TM lo<span class=\"_ _0\"></span>an pri<span class=\"_ _0\"></span>cin<span class=\"_ _0\"></span>g. Th<span class=\"_ _0\"></span>e inf<span class=\"_ _1\"></span>er<span class=\"_ _0\"></span>red illiqui<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>y premi<span class=\"_ _0\"></span>ums for <span class=\"_ _1\"></span>the majo<span class=\"_ _0\"></span>rit<span class=\"_ _0\"></span>y of <span class=\"_ _1\"></span>the por<span class=\"_ _3\"></span>tfoli<span class=\"_ _0\"></span>o range bet<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n 1<span class=\"_ _4\"></span>5<span class=\"_ _0\"></span>0 and 2<span class=\"_ _1\"></span>5<span class=\"_ _0\"></span>0b<span class=\"_ _0\"></span>ps. This ensu<span class=\"_ _0\"></span>res the value of <span class=\"_ _1\"></span>loans at <span class=\"_ _1\"></span>out<span class=\"_ _0\"></span>set is <span class=\"_ _1\"></span>con<span class=\"_ _0\"></span>sisten<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> with th<span class=\"_ _0\"></span>e purc<span class=\"_ _0\"></span>hase pr<span class=\"_ _0\"></span>ice of the lo<span class=\"_ _0\"></span>an and ac<span class=\"_ _0\"></span>hieve<span class=\"_ _0\"></span>s cons<span class=\"_ _0\"></span>isten<span class=\"_ _0\"></span>cy bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en new an<span class=\"_ _0\"></span>d in<span class=\"_ _0\"></span>-for<span class=\"_ _0\"></span>ce loa<span class=\"_ _0\"></span>ns. L<span class=\"_ _0\"></span>ifetim<span class=\"_ _0\"></span>e mor<span class=\"_ _3\"></span>tgages in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>de a no neg<span class=\"_ _0\"></span>ative eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> guar<span class=\"_ _0\"></span>antee (N<span class=\"_ _0\"></span>NE<span class=\"_ _0\"></span>G) <span class=\"_ _1\"></span>to borr<span class=\"_ _0\"></span>owers<span class=\"_ _0\"></span>. This en<span class=\"_ _0\"></span>sure<span class=\"_ _0\"></span>s that if there is a sho<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>fall be<span class=\"_ _0\"></span>twe<span class=\"_ _0\"></span>en th<span class=\"_ _0\"></span>e sale pro<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>s of the prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y an<span class=\"_ _0\"></span>d the ou<span class=\"_ _0\"></span>tsta<span class=\"_ _0\"></span>ndin<span class=\"_ _0\"></span>g loan<span class=\"_ _0\"></span> balan<span class=\"_ _0\"></span>ce o<span class=\"_ _0\"></span>n rede<span class=\"_ _0\"></span>mptio<span class=\"_ _0\"></span>n of the loan<span class=\"_ _0\"></span>, the valu<span class=\"_ _0\"></span>e of the loan will b<span class=\"_ _0\"></span>e redu<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>d by this amou<span class=\"_ _0\"></span>nt. T<span class=\"_ _0\"></span>he NN<span class=\"_ _0\"></span>EG on loa<span class=\"_ _0\"></span>n rede<span class=\"_ _0\"></span>mpti<span class=\"_ _0\"></span>on is value<span class=\"_ _0\"></span>d as a serie<span class=\"_ _0\"></span>s of put<span class=\"_ gsec\"> </span>o<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>, which we cal<span class=\"_ _0\"></span>cul<span class=\"_ _0\"></span>ate using a varia<span class=\"_ _0\"></span>nt of the Blac<span class=\"_ _0\"></span>k-<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>ole<span class=\"_ _0\"></span>s formu<span class=\"_ _0\"></span>la. Key assu<span class=\"_ _0\"></span>mpti<span class=\"_ _0\"></span>ons in the val<span class=\"_ _0\"></span>uatio<span class=\"_ _0\"></span>n of lifetime mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tgag<span class=\"_ _0\"></span>es inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>e sho<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t-<span class=\"_ _0\"></span>term an<span class=\"_ _0\"></span>d long<span class=\"_ _3\"></span>-term p<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y grow<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h rates, pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y ind<span class=\"_ _0\"></span>ex volati<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y, voluntar<span class=\"_ _3\"></span>y earl<span class=\"_ _0\"></span>y repaym<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts and lon<span class=\"_ _0\"></span>gev<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y assu<span class=\"_ _0\"></span>mpti<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e valuatio<span class=\"_ _0\"></span>n as<span class=\"_ gsec\"> </span>at 31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2024 ref<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>cts a co<span class=\"_ _0\"></span>mbin<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of shor<span class=\"_ _0\"></span>t-<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>m and lon<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>-ter<span class=\"_ _0\"></span>m pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y grow<span class=\"_ _0\"></span>th rate assu<span class=\"_ _0\"></span>mpti<span class=\"_ _0\"></span>ons eq<span class=\"_ _0\"></span>uival<span class=\"_ _0\"></span>ent to a flat rate of 3.4% annu<span class=\"_ _0\"></span>ally, after all<span class=\"_ _0\"></span>owing for the ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>ts of dilapi<span class=\"_ _0\"></span>datio<span class=\"_ _0\"></span>n. T<span class=\"_ _0\"></span>he valu<span class=\"_ _0\"></span>es of the prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ties co<span class=\"_ _0\"></span>llateral<span class=\"_ _0\"></span>ising th<span class=\"_ _0\"></span>e L<span class=\"_ _1\"></span>TM loans are up<span class=\"_ _0\"></span>dated fro<span class=\"_ _0\"></span>m the date of the last pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y valu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n to the valuatio<span class=\"_ _0\"></span>n date by indexin<span class=\"_ _0\"></span>g using U<span class=\"_ _0\"></span>K regio<span class=\"_ _0\"></span>nal ho<span class=\"_ _0\"></span>use pr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e indic<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Pri<span class=\"_ _0\"></span>vate credi<span class=\"_ _0\"></span>t loan<span class=\"_ _0\"></span>s (inc<span class=\"_ _0\"></span>ludi<span class=\"_ _0\"></span>ng co<span class=\"_ _0\"></span>mme<span class=\"_ _0\"></span>rci<span class=\"_ _0\"></span>al real est<span class=\"_ _0\"></span>ate loans) amount to \u00a31<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>,779<span class=\"_ _0\"></span>m (202<span class=\"_ _0\"></span>3: \u00a310,5<span class=\"_ _0\"></span>7<span class=\"_ _1\"></span>4<span class=\"_ _0\"></span>m). <span class=\"_ _1\"></span>Th<span class=\"_ _0\"></span>eir valu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n is determ<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d by disco<span class=\"_ _0\"></span>unted<span class=\"_ _0\"></span> fut<span class=\"_ _0\"></span>ure cas<span class=\"_ _0\"></span>h flows whi<span class=\"_ _0\"></span>ch are base<span class=\"_ _0\"></span>d on the yi<span class=\"_ _0\"></span>eld c<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ve of the As<span class=\"_ _0\"></span>set Ma<span class=\"_ _0\"></span>nage<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt app<span class=\"_ _0\"></span>roved co<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>rab<span class=\"_ _0\"></span>le bo<span class=\"_ _0\"></span>nds and th<span class=\"_ _0\"></span>e initi<span class=\"_ _0\"></span>al spre<span class=\"_ _0\"></span>ad, bot<span class=\"_ _0\"></span>h of which are agre<span class=\"_ _0\"></span>ed by IHS M<span class=\"_ _0\"></span>ark<span class=\"_ _0\"></span>it wh<span class=\"_ _0\"></span>o also provid<span class=\"_ _0\"></span>e an inde<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>ent valu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of compa<span class=\"_ _0\"></span>rab<span class=\"_ _0\"></span>le bo<span class=\"_ _0\"></span>nds<span class=\"_ _0\"></span>. Uno<span class=\"_ _0\"></span>bse<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vab<span class=\"_ _0\"></span>le inp<span class=\"_ _0\"></span>uts that g<span class=\"_ _0\"></span>o into the deter<span class=\"_ _0\"></span>minat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span> of<span class=\"_ gsec\"> </span>com<span class=\"_ _0\"></span>par<span class=\"_ _0\"></span>ators inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>e ratin<span class=\"_ _0\"></span>g, se<span class=\"_ _0\"></span>ctor, sub<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ctor, per<span class=\"_ _0\"></span>form<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e dy<span class=\"_ _0\"></span>nami<span class=\"_ _0\"></span>cs<span class=\"_ _0\"></span>, fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cing s<span class=\"_ _0\"></span>tru<span class=\"_ _0\"></span>ctu<span class=\"_ _0\"></span>re and dur<span class=\"_ _0\"></span>ation of invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt. E<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>istin<span class=\"_ _0\"></span>g pri<span class=\"_ _0\"></span>vate credi<span class=\"_ _0\"></span>t invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts, whi<span class=\"_ _0\"></span>ch were exe<span class=\"_ _0\"></span>cute<span class=\"_ _0\"></span>d as far back as 201<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>, are subje<span class=\"_ _0\"></span>ct to a range of interes<span class=\"_ _0\"></span>t rate formats<span class=\"_ _0\"></span>, alth<span class=\"_ _0\"></span>oug<span class=\"_ _0\"></span>h the majo<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y are fixe<span class=\"_ _0\"></span>d rate. The<span class=\"_ _0\"></span> weighte<span class=\"_ _0\"></span>d average du<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>on of the por<span class=\"_ _3\"></span>tfol<span class=\"_ _0\"></span>io is 7<span class=\"_ _4\"></span>.6 years<span class=\"_ _0\"></span>, wit<span class=\"_ _0\"></span>h a weighted averag<span class=\"_ _0\"></span>e life of 1<span class=\"_ _4\"></span>1.0 <span class=\"_ _1\"></span>year<span class=\"_ _0\"></span>s. Matu<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ties in th<span class=\"_ _0\"></span>e por<span class=\"_ _3\"></span>tfoli<span class=\"_ _0\"></span>o curr<span class=\"_ _0\"></span>entl<span class=\"_ _0\"></span>y ex<span class=\"_ _0\"></span>tend out<span class=\"_ gsec\"> </span>to<span class=\"_ gsec\"> </span>20<span class=\"_ _0\"></span>7<span class=\"_ _1\"></span>4. The pr<span class=\"_ _0\"></span>ivate cre<span class=\"_ _0\"></span>dit p<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>foli<span class=\"_ _0\"></span>o of assets has inter<span class=\"_ _0\"></span>nal rati<span class=\"_ _0\"></span>ngs ass<span class=\"_ _0\"></span>igne<span class=\"_ _0\"></span>d by an inde<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>nt cre<span class=\"_ _0\"></span>dit team in lin<span class=\"_ _0\"></span>e with inter<span class=\"_ _0\"></span>nall<span class=\"_ _0\"></span>y devel<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span> meth<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>olo<span class=\"_ _0\"></span>gie<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>hese c<span class=\"_ _0\"></span>redi<span class=\"_ _0\"></span>t ratin<span class=\"_ _0\"></span>gs rang<span class=\"_ _0\"></span>e from A<span class=\"_ _3\"></span>A<span class=\"_ _3\"></span>A to <span class=\"_ _1\"></span>BB<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Pri<span class=\"_ _0\"></span>vate place<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts he<span class=\"_ _0\"></span>ld by the US bus<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>ss amo<span class=\"_ _0\"></span>unt to \u00a32<span class=\"_ _0\"></span>,<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>81<span class=\"_ _1\"></span>m (2023<span class=\"_ _0\"></span>: \u00a31,68<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>m). They are valu<span class=\"_ _0\"></span>ed usi<span class=\"_ _0\"></span>ng a pric<span class=\"_ _0\"></span>ing mat<span class=\"_ _0\"></span>rix co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>rise<span class=\"_ _0\"></span>d of a public<span class=\"_ _0\"></span> spre<span class=\"_ _0\"></span>ad matri<span class=\"_ _0\"></span>x, in<span class=\"_ _0\"></span>terna<span class=\"_ _0\"></span>l rating<span class=\"_ _0\"></span>s assign<span class=\"_ _0\"></span>ed to each h<span class=\"_ _0\"></span>oldi<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>, average life of eac<span class=\"_ _0\"></span>h holdi<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>, and a prem<span class=\"_ _0\"></span>ium spre<span class=\"_ _0\"></span>ad matr<span class=\"_ _0\"></span>ix<span class=\"_ _0\"></span>. The<span class=\"_ _0\"></span>se are add<span class=\"_ _0\"></span>ed to the risk-<span class=\"_ _0\"></span>fre<span class=\"_ _0\"></span>e rate to calcul<span class=\"_ _0\"></span>ate the disco<span class=\"_ _0\"></span>unted c<span class=\"_ _0\"></span>ash fl<span class=\"_ _0\"></span>ows and est<span class=\"_ _0\"></span>ablis<span class=\"_ _0\"></span>h a market valu<span class=\"_ _0\"></span>e for each inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt gra<span class=\"_ _0\"></span>de pri<span class=\"_ _0\"></span>vate plac<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>. The val<span class=\"_ _0\"></span>uatio<span class=\"_ _0\"></span>n as<span class=\"_ gsec\"> </span>at<span class=\"_ gsec\"> </span>31 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>24 refle<span class=\"_ _0\"></span>cts ill<span class=\"_ _0\"></span>iquid<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y pre<span class=\"_ _0\"></span>mium<span class=\"_ _0\"></span>s bet<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n 20 and 70<span class=\"_ _0\"></span>bps<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e stri<span class=\"_ _0\"></span>p assets am<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nt to \u00a31<span class=\"_ _1\"></span>,28<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>m (202<span class=\"_ _0\"></span>3: \u00a31,3<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>6m). The<span class=\"_ _0\"></span>ir valuati<span class=\"_ _0\"></span>on is ou<span class=\"_ _0\"></span>tsou<span class=\"_ _0\"></span>rce<span class=\"_ _0\"></span>d to Knight Fra<span class=\"_ _0\"></span>nk and CB<span class=\"_ _0\"></span>RE wh<span class=\"_ _0\"></span>o appl<span class=\"_ _0\"></span>y a yield to matur<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y to<span class=\"_ gsec\"> </span>disco<span class=\"_ _0\"></span>unted fu<span class=\"_ _0\"></span>ture c<span class=\"_ _0\"></span>ash fl<span class=\"_ _0\"></span>ows to derive valu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns. T<span class=\"_ _0\"></span>he overa<span class=\"_ _0\"></span>ll valuati<span class=\"_ _0\"></span>on takes into acc<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nt the pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y lo<span class=\"_ _0\"></span>cati<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>, tenant de<span class=\"_ _0\"></span>tails<span class=\"_ _0\"></span>, tenure<span class=\"_ _0\"></span>, rent<span class=\"_ _0\"></span>, renta<span class=\"_ _0\"></span>l break ter<span class=\"_ _0\"></span>ms, l<span class=\"_ _0\"></span>ease exp<span class=\"_ _0\"></span>iri<span class=\"_ _0\"></span>es and un<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>ly<span class=\"_ _0\"></span>ing resi<span class=\"_ _0\"></span>dual val<span class=\"_ _0\"></span>ue of the prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ty. The valu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n as at 31 <span class=\"_ _1\"></span>De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>24 refl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ts equi<span class=\"_ _0\"></span>vale<span class=\"_ _0\"></span>nt yie<span class=\"_ _0\"></span>ld rang<span class=\"_ _0\"></span>es be<span class=\"_ _0\"></span>twe<span class=\"_ _0\"></span>en 2<span class=\"_ _0\"></span>% and 1<span class=\"_ _1\"></span>7% and es<span class=\"_ _0\"></span>tima<span class=\"_ _0\"></span>ted rental val<span class=\"_ _0\"></span>ues (E<span class=\"_ _0\"></span>RV<span class=\"_ _0\"></span>) b<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n \u00a37 and \u00a3<span class=\"_ _0\"></span>367 pe<span class=\"_ _0\"></span>r sq.f<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Co<span class=\"_ _0\"></span>mm<span class=\"_ _0\"></span>erci<span class=\"_ _0\"></span>al mor<span class=\"_ _3\"></span>tgage loa<span class=\"_ _0\"></span>ns amo<span class=\"_ _0\"></span>unt to \u00a38<span class=\"_ _0\"></span>4<span class=\"_ _3\"></span>3m (202<span class=\"_ _0\"></span>3: \u00a37<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>m) <span class=\"_ _1\"></span>and are de<span class=\"_ _0\"></span>term<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d by inco<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>orat<span class=\"_ _0\"></span>ing cre<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t risk for per<span class=\"_ _3\"></span>formi<span class=\"_ _0\"></span>ng loa<span class=\"_ _0\"></span>ns at the por<span class=\"_ _3\"></span>tfol<span class=\"_ _0\"></span>io level an<span class=\"_ _0\"></span>d adjus<span class=\"_ _0\"></span>ted for loans id<span class=\"_ _0\"></span>enti<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ed to be distre<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>d at the loan le<span class=\"_ _0\"></span>vel. T<span class=\"_ _0\"></span>he pro<span class=\"_ _0\"></span>jec<span class=\"_ _0\"></span>ted cas<span class=\"_ _0\"></span>h flows of eac<span class=\"_ _0\"></span>h loan are disc<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nted alo<span class=\"_ _0\"></span>ng stoc<span class=\"_ _0\"></span>hasti<span class=\"_ _0\"></span>c risk-<span class=\"_ _0\"></span>fre<span class=\"_ _0\"></span>e rate paths and are in<span class=\"_ _0\"></span>clus<span class=\"_ _0\"></span>ive of an Optio<span class=\"_ _0\"></span>n Adjus<span class=\"_ _0\"></span>ted Spre<span class=\"_ _0\"></span>ad (OAS), de<span class=\"_ _0\"></span>rive<span class=\"_ _0\"></span>d from cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nt inter<span class=\"_ _0\"></span>nal pr<span class=\"_ _0\"></span>icin<span class=\"_ _0\"></span>g on new lo<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>, alon<span class=\"_ _0\"></span>g with<span class=\"_ gsec\"> </span>t<span class=\"_ _0\"></span>he bes<span class=\"_ _0\"></span>t obse<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ble inp<span class=\"_ _0\"></span>uts<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e valuati<span class=\"_ _0\"></span>on as at 31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2024 ref<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>cts illiq<span class=\"_ _0\"></span>uidi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y prem<span class=\"_ _0\"></span>iums b<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n 20 and 50<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>ps.<span class=\"_ _3b2\"> </span>Ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r debt se<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>es whic<span class=\"_ _0\"></span>h are not trad<span class=\"_ _0\"></span>ed in an ac<span class=\"_ _0\"></span>tive mar<span class=\"_ _0\"></span>ket amou<span class=\"_ _0\"></span>nt to \u00a346<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>m (202<span class=\"_ _0\"></span>3: \u00a3<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>49m). They have be<span class=\"_ _0\"></span>en valu<span class=\"_ _0\"></span>ed usi<span class=\"_ _0\"></span>ng third<span class=\"_ _3\"></span>-p<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y or<span class=\"_ _0\"></span> cou<span class=\"_ _0\"></span>nter<span class=\"_ _0\"></span>par<span class=\"_ _3\"></span>ty valu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns, an<span class=\"_ _0\"></span>d thes<span class=\"_ _0\"></span>e pric<span class=\"_ _0\"></span>es are co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>d to be unobs<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ble du<span class=\"_ _0\"></span>e to infreque<span class=\"_ _0\"></span>nt mar<span class=\"_ _0\"></span>ket tran<span class=\"_ _0\"></span>sac<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s. Inv<span class=\"_ _1\"></span>estment property<span class=\"_ _3b2\"> </span>Level 3 invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ty am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ting to \u00a39,<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2m (202<span class=\"_ _0\"></span>3: \u00a3<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>89<span class=\"_ _0\"></span>3m) is valued wi<span class=\"_ _0\"></span>th the invol<span class=\"_ _0\"></span>vem<span class=\"_ _0\"></span>ent of ex<span class=\"_ _0\"></span>tern<span class=\"_ _0\"></span>al value<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>. All pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y valua<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s in the UK are c<span class=\"_ _0\"></span>arr<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d out in ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>rdan<span class=\"_ _0\"></span>ce wit<span class=\"_ _0\"></span>h the latest ed<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>on of the Valuatio<span class=\"_ _0\"></span>n S<span class=\"_ _0\"></span>tand<span class=\"_ _0\"></span>ards pu<span class=\"_ _0\"></span>blish<span class=\"_ _0\"></span>ed by the Royal In<span class=\"_ _0\"></span>stit<span class=\"_ _0\"></span>ute of Char<span class=\"_ _0\"></span>tere<span class=\"_ _0\"></span>d Su<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>veyo<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>, and are und<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>aken by appro<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>iately qu<span class=\"_ _0\"></span>alif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d value<span class=\"_ _0\"></span>rs as def<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d the<span class=\"_ _0\"></span>rein<span class=\"_ _0\"></span>. Ou<span class=\"_ _0\"></span>tsid<span class=\"_ _0\"></span>e the UK<span class=\"_ _0\"></span>, valu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns are prod<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>ed in co<span class=\"_ _0\"></span>njun<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on wit<span class=\"_ _0\"></span>h ex<span class=\"_ _0\"></span>terna<span class=\"_ _0\"></span>l qualif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d professi<span class=\"_ _0\"></span>onal valu<span class=\"_ _0\"></span>es in the count<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>s conc<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>d. Whil<span class=\"_ _0\"></span>st trans<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>ion evid<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ce und<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>pins the valuat<span class=\"_ _0\"></span>ion pro<span class=\"_ _0\"></span>ces<span class=\"_ _0\"></span>s, the def<span class=\"_ _0\"></span>ini<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of <span class=\"_ _1\"></span>mar<span class=\"_ _0\"></span>ket value, inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span> the co<span class=\"_ _0\"></span>mme<span class=\"_ _0\"></span>ntar<span class=\"_ _3\"></span>y, <span class=\"_ _1\"></span>in practi<span class=\"_ _0\"></span>ce requ<span class=\"_ _0\"></span>ires the value<span class=\"_ _0\"></span>r to <span class=\"_ _1\"></span>refl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t the realiti<span class=\"_ _0\"></span>es of <span class=\"_ _1\"></span>the cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>t market<span class=\"_ _0\"></span>. In <span class=\"_ _1\"></span>this con<span class=\"_ _0\"></span>tex<span class=\"_ _0\"></span>t, value<span class=\"_ _0\"></span>rs mus<span class=\"_ _0\"></span>t use their mar<span class=\"_ _0\"></span>ket<span class=\"_ gsec\"> </span>kn<span class=\"_ _0\"></span>owle<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span> and profess<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>al judg<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent an<span class=\"_ _0\"></span>d not rely onl<span class=\"_ _0\"></span>y upo<span class=\"_ _0\"></span>n mar<span class=\"_ _0\"></span>ket senti<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t based o<span class=\"_ _0\"></span>n histori<span class=\"_ _0\"></span>c trans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>al com<span class=\"_ _0\"></span>par<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>es.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e valuati<span class=\"_ _0\"></span>on of investm<span class=\"_ _0\"></span>ent pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es also in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>es an inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e app<span class=\"_ _0\"></span>roac<span class=\"_ _0\"></span>h that is base<span class=\"_ _0\"></span>d on cur<span class=\"_ _0\"></span>rent ren<span class=\"_ _0\"></span>tal inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e plus ant<span class=\"_ _0\"></span>icip<span class=\"_ _0\"></span>ated upli<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ts,<span class=\"_ _0\"></span> whe<span class=\"_ _0\"></span>re<span class=\"_ gsec\"> </span>the up<span class=\"_ _0\"></span>lif<span class=\"_ _0\"></span>t and dis<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>unt rates are de<span class=\"_ _0\"></span>rive<span class=\"_ _0\"></span>d from rates im<span class=\"_ _0\"></span>plie<span class=\"_ _0\"></span>d by rece<span class=\"_ _0\"></span>nt mar<span class=\"_ _0\"></span>ket trans<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s. Th<span class=\"_ _0\"></span>ese in<span class=\"_ _0\"></span>put<span class=\"_ _0\"></span>s are dee<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>d uno<span class=\"_ _0\"></span>bser<span class=\"_ _3\"></span>vabl<span class=\"_ _0\"></span>e. Th<span class=\"_ _0\"></span>e<span class=\"_ gsec\"> </span>valuat<span class=\"_ _0\"></span>ion as at 31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>24 refle<span class=\"_ _0\"></span>cts e<span class=\"_ _0\"></span>quiva<span class=\"_ _0\"></span>len<span class=\"_ _0\"></span>t yiel<span class=\"_ _0\"></span>d rang<span class=\"_ _0\"></span>es bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en 1<span class=\"_ _1\"></span>% and 5<span class=\"_ _0\"></span>3% and E<span class=\"_ _0\"></span>RV be<span class=\"_ _0\"></span>twe<span class=\"_ _0\"></span>en \u00a3<span class=\"_ _0\"></span>2 and \u00a3<span class=\"_ _0\"></span>36<span class=\"_ _0\"></span>9 per sq<span class=\"_ _0\"></span>.f<span class=\"_ _0\"></span>t.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e table b<span class=\"_ _0\"></span>elow sh<span class=\"_ _0\"></span>ows the valuat<span class=\"_ _0\"></span>ion of invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ty by sec<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>:<span class=\"_ _3b2\"> </span><table class=\"s w15d h159\" id=\"_9ba6922f-b139-473a-b71a-e64f7d42c59b\"><tr><td></td><td class=\"t m2 x1c6 h13 y4364 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y4364 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x1c8 h13 y4365 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y4365 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y40bf w112 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls112 ws6\">Retail<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x811 y40bf w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,242<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x812 y40bf w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,169<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y418c w216 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws132\">Leisure<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x209 y418c w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">493<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x20a y418c w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">451<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c1 w217 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls112 ws6\">Distri<span class=\"_ _0\"></span>butio<span class=\"_ _0\"></span>n<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x813 y40c1 w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,058<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x814 y40c1 w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,076<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c2 w218 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws54\">Off<span class=\"_ _0\"></span>ice space<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1d2 y40c2 w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,876<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1d3 y40c2 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,768<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w219 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 lsea ws27\">Industrial and other commercial<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1e9 y4121 w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,805<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1ea y4121 w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,714<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4158 w21a h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls12e ws142\">Accommodat<span class=\"_ _1\"></span>ion<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1e9 y4158 w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,348<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1ea y4158 w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,715<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w21b h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws0\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1e7 y40ae w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">9,822<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1e8 y40ae w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">8,893<span class=\"_ _3b2\"> </span></div></td></tr></table>(<span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>) <span class=\"_ _4c\"> </span>Ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t of cha<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ges i<span class=\"_ _0\"></span>n as<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>mpt<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s on Le<span class=\"_ _0\"></span>vel <span class=\"ls1\">3<span class=\"lsac ws8\"> assets<span class=\"_ _3b2\"> </span></span></span>Fair valu<span class=\"_ _0\"></span>es of fina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al instr<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s are, in ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tai<span class=\"_ _0\"></span>n circu<span class=\"_ _0\"></span>mst<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, measu<span class=\"_ _0\"></span>red usi<span class=\"_ _0\"></span>ng valu<span class=\"_ _0\"></span>ation tec<span class=\"_ _0\"></span>hni<span class=\"_ _0\"></span>que<span class=\"_ _0\"></span>s that inc<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>por<span class=\"_ _0\"></span>ate assum<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>ns that are not<span class=\"_ gsec\"> </span>evi<span class=\"_ _0\"></span>den<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>d by pric<span class=\"_ _0\"></span>es fro<span class=\"_ _0\"></span>m obse<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vab<span class=\"_ _0\"></span>le cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>t market tr<span class=\"_ _0\"></span>ansa<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ons in the sa<span class=\"_ _0\"></span>me ins<span class=\"_ _0\"></span>tru<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt and are not bas<span class=\"_ _0\"></span>ed on ob<span class=\"_ _0\"></span>ser<span class=\"_ _3\"></span>vable ma<span class=\"_ _0\"></span>rket data<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Wh<span class=\"_ _0\"></span>ere materi<span class=\"_ _0\"></span>al, the Grou<span class=\"_ _0\"></span>p assess<span class=\"_ _0\"></span>es the sensi<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y of fair <span class=\"_ _1\"></span>valu<span class=\"_ _0\"></span>es of <span class=\"_ _1\"></span>Level 3 investm<span class=\"_ _0\"></span>ents to chang<span class=\"_ _0\"></span>es in unobse<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ble inp<span class=\"_ _0\"></span>uts to reasonab<span class=\"_ _0\"></span>le alter<span class=\"_ _0\"></span>native<span class=\"_ _0\"></span> assu<span class=\"_ _0\"></span>mptio<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>. The tabl<span class=\"_ _0\"></span>e below shows the impa<span class=\"_ _0\"></span>ct of applyi<span class=\"_ _0\"></span>ng thes<span class=\"_ _0\"></span>e sensi<span class=\"_ _0\"></span>tivi<span class=\"_ _0\"></span>ties to the fair value of <span class=\"_ _1\"></span>Level 3 assets as at <span class=\"_ _1\"></span>31 Dec<span class=\"_ _0\"></span>emb<span class=\"_ _0\"></span>er<span class=\"_ gsec\"> </span>2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>24. Fur<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r discl<span class=\"_ _0\"></span>osu<span class=\"_ _0\"></span>re on how these sensi<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>itie<span class=\"_ _0\"></span>s have <span class=\"_ _1\"></span>be<span class=\"_ _0\"></span>en app<span class=\"_ _0\"></span>lied ca<span class=\"_ _0\"></span>n be found in the descr<span class=\"_ _0\"></span>iptio<span class=\"_ _0\"></span>ns followin<span class=\"_ _0\"></span>g the table.<span class=\"_ _3b2\"> </span><table class=\"s w13f h15a\" id=\"_ded7562a-f7f0-4e0f-a4f4-ba3ae346cb99\"><tr><td></td><td></td><td></td><td class=\"t m0 x1c6 h13 y4366 ff6 fs9 fc1 sc0 ls38 ws3a\">Sensitivities<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m0 x4ec h13 y4367 ff6 fs9 fc1 sc0 ls18 ws32\">Fai<span class=\"_ _0\"></span>r val<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>e 202<span class=\"_ _0\"></span>4<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x26c h13 y4367 ff6 fs9 fc1 sc0 ls38 ws3a\">Positive<span class=\"_ _1\"></span> impact </td><td class=\"t m0 x815 h13 y4367 ff6 fs9 fc1 sc0 ls18 ws32\">Ne<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ive im<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t </td></tr><tr><td></td><td class=\"t m0 x433 h13 y4368 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c8 h13 y4368 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 h13 y4368 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y42f5 w21c h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls113 ws5b\">Lifet<span class=\"_ _1\"></span>ime mortgages<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x816 y42f5 w36 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">5,861<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x402 y42f5 w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">237<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x817 y42f5 w3a h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(289)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4192 w21d h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls11e ws5c\">Privat<span class=\"_ _1\"></span>e credit<span class=\"_ _1\"></span> por<span class=\"_ _0\"></span>tfolios<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x818 y4192 w93 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">14,803<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x819 y4192 w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">647<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x81a y4192 w3a h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(647)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y419e w7f h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws23\">Inv<span class=\"_ _1\"></span>estment<span class=\"_ _1\"></span> property<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x718 y419e w36 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">9,822<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x81b y419e w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">776<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x81c y419e w3a h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(776)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y4108 w1da h11a\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Other investments</div><div class=\"t m0 x664 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x709 y4158 w36 h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">4,375<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x81d y4158 w4a h118\"><div class=\"t m0 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">289<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x81e y4158 w3a h118\"><div class=\"t m0 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">(349)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w21e h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l Leve<span class=\"_ _0\"></span>l 3 asse<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x81f y40ae w2f h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">34,861<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x820 y40ae w36 h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">1,949<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x821 y40ae w33 h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">(2,061)<span class=\"_ _3b2\"> </span></div></td></tr></table>1. <span class=\"_ _15\"> </span>O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er i<span class=\"_ _0\"></span>nve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s in<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>de L<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>el 3 e<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y se<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, in<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e s<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ip a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>nd o<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r tr<span class=\"_ _0\"></span>ad<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d de<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>t se<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s w<span class=\"_ _0\"></span>hi<span class=\"_ _0\"></span>ch a<span class=\"_ _0\"></span>re L<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>el 3<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e sensi<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>itie<span class=\"_ _0\"></span>s are not a func<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of sensiti<span class=\"_ _0\"></span>sing a sing<span class=\"_ _0\"></span>le vari<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e relatin<span class=\"_ _0\"></span>g to the valuatio<span class=\"_ _0\"></span>n of the asset<span class=\"_ _0\"></span>, but ra<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r a funct<span class=\"_ _0\"></span>ion of fl<span class=\"_ _0\"></span>exin<span class=\"_ _0\"></span>g multi<span class=\"_ _0\"></span>ple<span class=\"_ _0\"></span> factor<span class=\"_ _0\"></span>s of<span class=\"_ _0\"></span>ten at indiv<span class=\"_ _0\"></span>idua<span class=\"_ _0\"></span>l asset leve<span class=\"_ _0\"></span>l. T<span class=\"_ _0\"></span>he followi<span class=\"_ _0\"></span>ng sets ou<span class=\"_ _0\"></span>t a numb<span class=\"_ _0\"></span>er of key factors by asse<span class=\"_ _0\"></span>t ty<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>, and how the<span class=\"_ _0\"></span>y have bee<span class=\"_ _0\"></span>n flexe<span class=\"_ _0\"></span>d to derive<span class=\"_ _0\"></span> reasonable alt<span class=\"_ _1\"></span>ernative v<span class=\"_ _1\"></span>aluations.<span class=\"_ _3b2\"> </span>Lifetime<span class=\"_ _1\"></span> mortgages<span class=\"_ _3b2\"> </span>Key assu<span class=\"_ _0\"></span>mptio<span class=\"_ _0\"></span>ns us<span class=\"_ _0\"></span>ed in t<span class=\"_ _0\"></span>he valu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of lifetim<span class=\"_ _0\"></span>e mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tgag<span class=\"_ _0\"></span>e asse<span class=\"_ _0\"></span>ts are lis<span class=\"_ _0\"></span>ted in N<span class=\"_ _0\"></span>ote 1<span class=\"_ _1\"></span>2(ii)(<span class=\"_ _0\"></span>b) and sens<span class=\"_ _0\"></span>itiv<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>es are ap<span class=\"_ _0\"></span>pli<span class=\"_ _0\"></span>ed to de<span class=\"_ _0\"></span>rive th<span class=\"_ _0\"></span>e valu<span class=\"_ _0\"></span>es in<span class=\"_ _0\"></span> the ab<span class=\"_ _0\"></span>ove table<span class=\"_ _0\"></span>. The m<span class=\"_ _0\"></span>ost sig<span class=\"_ _0\"></span>nif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant sen<span class=\"_ _0\"></span>siti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ty by valu<span class=\"_ _0\"></span>e is -20<span class=\"_ _0\"></span>bps of market sp<span class=\"_ _0\"></span>read an<span class=\"_ _0\"></span>d over<span class=\"_ _0\"></span>valu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of prope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y valu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns by 1<span class=\"_ _1\"></span>0% acro<span class=\"_ _0\"></span>ss the<span class=\"_ _0\"></span> por<span class=\"_ _3\"></span>tfol<span class=\"_ _0\"></span>io whic<span class=\"_ _0\"></span>h, ap<span class=\"_ _0\"></span>plie<span class=\"_ _0\"></span>d in isolat<span class=\"_ _0\"></span>ion pro<span class=\"_ _0\"></span>du<span class=\"_ _0\"></span>ces se<span class=\"_ _0\"></span>nsi<span class=\"_ _0\"></span>tise<span class=\"_ _0\"></span>d values of \u00a3143<span class=\"_ _0\"></span>m and \u00a3(1<span class=\"_ _1\"></span>52)m<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Private<span class=\"_ _1\"></span> credit por<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>folios<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e sen<span class=\"_ _0\"></span>siti<span class=\"_ _0\"></span>vit<span class=\"_ _0\"></span>y i<span class=\"_ _0\"></span>n the p<span class=\"_ _0\"></span>rivate c<span class=\"_ _0\"></span>redi<span class=\"_ _0\"></span>t po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>folio h<span class=\"_ _0\"></span>as be<span class=\"_ _0\"></span>en d<span class=\"_ _0\"></span>eter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ed th<span class=\"_ _0\"></span>roug<span class=\"_ _0\"></span>h a met<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>d whic<span class=\"_ _0\"></span>h esti<span class=\"_ _0\"></span>mates inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent sp<span class=\"_ _0\"></span>read va<span class=\"_ _0\"></span>lue p<span class=\"_ _0\"></span>remi<span class=\"_ _0\"></span>um dif<span class=\"_ _0\"></span>fer<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span> as com<span class=\"_ _0\"></span>pare<span class=\"_ _0\"></span>d to the insti<span class=\"_ _0\"></span>tuti<span class=\"_ _0\"></span>onal inve<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent mar<span class=\"_ _0\"></span>ket<span class=\"_ _0\"></span>. Indiv<span class=\"_ _0\"></span>idu<span class=\"_ _0\"></span>al investm<span class=\"_ _0\"></span>ent c<span class=\"_ _0\"></span>hara<span class=\"_ _0\"></span>cter<span class=\"_ _0\"></span>isti<span class=\"_ _0\"></span>cs of each ho<span class=\"_ _0\"></span>ldi<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>, such as cre<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t rating an<span class=\"_ _0\"></span>d durati<span class=\"_ _0\"></span>on are use<span class=\"_ _0\"></span>d to determin<span class=\"_ _0\"></span>e spre<span class=\"_ _0\"></span>ad dif<span class=\"_ _0\"></span>feren<span class=\"_ _0\"></span>tials for the pu<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>s of determi<span class=\"_ _0\"></span>ning al<span class=\"_ _0\"></span>tern<span class=\"_ _0\"></span>ate values<span class=\"_ _0\"></span>. Spre<span class=\"_ _0\"></span>ad dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>ntials are de<span class=\"_ _0\"></span>term<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d to be lower for highl<span class=\"_ _0\"></span>y rated and<span class=\"_ _0\"></span>/or shor<span class=\"_ _3\"></span>ter duratio<span class=\"_ _0\"></span>n asse<span class=\"_ _0\"></span>ts as com<span class=\"_ _0\"></span>pare<span class=\"_ _0\"></span>d to lower rated and/or lon<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>r durati<span class=\"_ _0\"></span>on asse<span class=\"_ _0\"></span>ts. A sign<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ica<span class=\"_ _0\"></span>nt co<span class=\"_ _0\"></span>mpo<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>nt of the sprea<span class=\"_ _0\"></span>d dif<span class=\"_ _0\"></span>feren<span class=\"_ _0\"></span>tial is in relatio<span class=\"_ _0\"></span>n to the sele<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on of com<span class=\"_ _0\"></span>para<span class=\"_ _0\"></span>tor bon<span class=\"_ _0\"></span>ds, wh<span class=\"_ _0\"></span>ich is the p<span class=\"_ _0\"></span>otential dif<span class=\"_ _0\"></span>fer<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>e in spre<span class=\"_ _0\"></span>ad of the basket of relevan<span class=\"_ _0\"></span>t com<span class=\"_ _0\"></span>par<span class=\"_ _0\"></span>ators dete<span class=\"_ _0\"></span>rmi<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>d by resp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tive inves<span class=\"_ _0\"></span>tors<span class=\"_ _0\"></span>. If we were t<span class=\"_ _1\"></span>o take an A<span class=\"_ _0\"></span>A rated ass<span class=\"_ _0\"></span>et it may at<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>ct a sprea<span class=\"_ _0\"></span>d dif<span class=\"_ _0\"></span>feren<span class=\"_ _0\"></span>tial of 20b<span class=\"_ _0\"></span>ps on the se<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>ctio<span class=\"_ _0\"></span>n of com<span class=\"_ _0\"></span>parator b<span class=\"_ _0\"></span>ond<span class=\"_ _0\"></span>s as opp<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>d to 40<span class=\"_ _0\"></span>bp<span class=\"_ _0\"></span>s for a similar dur<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n BBB rate<span class=\"_ _0\"></span>d asset<span class=\"_ _0\"></span>. Ap<span class=\"_ _0\"></span>plie<span class=\"_ _0\"></span>d in isola<span class=\"_ _0\"></span>tion th<span class=\"_ _0\"></span>e sensi<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y use<span class=\"_ _0\"></span>d to refle<span class=\"_ _0\"></span>ct the sp<span class=\"_ _0\"></span>read in co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>arator bo<span class=\"_ _0\"></span>nd sel<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tion res<span class=\"_ _0\"></span>ults in se<span class=\"_ _0\"></span>nsi<span class=\"_ _0\"></span>tise<span class=\"_ _0\"></span>d values of \u00a3<span class=\"_ _0\"></span>23<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>m and \u00a3(23<span class=\"_ _0\"></span>8)m<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Inv<span class=\"_ _1\"></span>estment property<span class=\"_ _3b2\"> </span>Invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>y hol<span class=\"_ _0\"></span>ding<span class=\"_ _0\"></span>s are valu<span class=\"_ _0\"></span>ed by in<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>nt valu<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s on th<span class=\"_ _0\"></span>e basis of o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>n mar<span class=\"_ _0\"></span>ket valu<span class=\"_ _0\"></span>e as def<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>ed in t<span class=\"_ _0\"></span>he ap<span class=\"_ _0\"></span>prais<span class=\"_ _0\"></span>al and v<span class=\"_ _0\"></span>aluati<span class=\"_ _0\"></span>on manu<span class=\"_ _0\"></span>al of the Royal Insti<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>te of <span class=\"_ _1\"></span>Char<span class=\"_ _3\"></span>tered S<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>vey<span class=\"_ _0\"></span>ors (R<span class=\"_ _0\"></span>IC<span class=\"_ _0\"></span>S). As suc<span class=\"_ _0\"></span>h, se<span class=\"_ _0\"></span>nsi<span class=\"_ _0\"></span>tivi<span class=\"_ _0\"></span>ties are c<span class=\"_ _0\"></span>alc<span class=\"_ _0\"></span>ulated thro<span class=\"_ _0\"></span>ug<span class=\"_ _0\"></span>h a mix<span class=\"_ _0\"></span>ture of asset le<span class=\"_ _0\"></span>vel and po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>foli<span class=\"_ _0\"></span>o level m<span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>olo<span class=\"_ _0\"></span>gie<span class=\"_ _0\"></span>s whic<span class=\"_ _0\"></span>h make refere<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e to indiv<span class=\"_ _0\"></span>idu<span class=\"_ _0\"></span>al inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt ch<span class=\"_ _0\"></span>arac<span class=\"_ _0\"></span>teris<span class=\"_ _0\"></span>tic<span class=\"_ _0\"></span>s of the h<span class=\"_ _0\"></span>old<span class=\"_ _0\"></span>ing b<span class=\"_ _0\"></span>ut do n<span class=\"_ _0\"></span>ot f<span class=\"_ _0\"></span>lex in<span class=\"_ _0\"></span>div<span class=\"_ _0\"></span>idua<span class=\"_ _0\"></span>l assu<span class=\"_ _0\"></span>mptio<span class=\"_ _0\"></span>ns us<span class=\"_ _0\"></span>ed by the ind<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>den<span class=\"_ _0\"></span>t expe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t in valui<span class=\"_ _0\"></span>ng the ho<span class=\"_ _0\"></span>ldi<span class=\"_ _0\"></span>ngs<span class=\"_ _0\"></span>. Eac<span class=\"_ _0\"></span>h meth<span class=\"_ _0\"></span>od is app<span class=\"_ _0\"></span>lie<span class=\"_ _0\"></span>d indiv<span class=\"_ _0\"></span>idu<span class=\"_ _0\"></span>ally an<span class=\"_ _0\"></span>d aggre<span class=\"_ _0\"></span>gated wit<span class=\"_ _0\"></span>h equa<span class=\"_ _0\"></span>l weighti<span class=\"_ _0\"></span>ng to determ<span class=\"_ _0\"></span>ine the ove<span class=\"_ _0\"></span>rall sens<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>vit<span class=\"_ _0\"></span>y de<span class=\"_ _0\"></span>term<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d for the por<span class=\"_ _3\"></span>tfol<span class=\"_ _0\"></span>io. On<span class=\"_ _0\"></span>e meth<span class=\"_ _0\"></span>od is simi<span class=\"_ _0\"></span>lar to that used in th<span class=\"_ _0\"></span>e private cre<span class=\"_ _0\"></span>dit p<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>tfoli<span class=\"_ _0\"></span>o as it deter<span class=\"_ _0\"></span>mine<span class=\"_ _0\"></span>s the imp<span class=\"_ _0\"></span>act of an alter<span class=\"_ _0\"></span>nate prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ty y<span class=\"_ _0\"></span>ield d<span class=\"_ _0\"></span>eter<span class=\"_ _0\"></span>mine<span class=\"_ _0\"></span>d in referen<span class=\"_ _0\"></span>ce to credi<span class=\"_ _0\"></span>t ratin<span class=\"_ _0\"></span>gs<span class=\"_ _0\"></span>, remain<span class=\"_ _0\"></span>ing ter<span class=\"_ _0\"></span>m and othe<span class=\"_ _0\"></span>r char<span class=\"_ _0\"></span>acter<span class=\"_ _0\"></span>isti<span class=\"_ _0\"></span>cs of eac<span class=\"_ _0\"></span>h holdi<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>. In this meth<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>olo<span class=\"_ _0\"></span>gy we would<span class=\"_ _0\"></span> appl<span class=\"_ _0\"></span>y a lowe<span class=\"_ _0\"></span>r yie<span class=\"_ _0\"></span>ld se<span class=\"_ _0\"></span>nsit<span class=\"_ _0\"></span>ivi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y to a highl<span class=\"_ _0\"></span>y rated an<span class=\"_ _0\"></span>d/or sho<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ter re<span class=\"_ _0\"></span>mai<span class=\"_ _0\"></span>ning ter<span class=\"_ _0\"></span>m ass<span class=\"_ _0\"></span>et c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>ared w<span class=\"_ _0\"></span>ith a l<span class=\"_ _0\"></span>ower rated a<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>/<span class=\"_ _1\"></span>or l<span class=\"_ _0\"></span>ong<span class=\"_ _0\"></span>er re<span class=\"_ _0\"></span>main<span class=\"_ _0\"></span>ing ter<span class=\"_ _0\"></span>m asse<span class=\"_ _0\"></span>t. If we were to take <span class=\"_ _1\"></span>an A<span class=\"_ _3\"></span>A rated asset wi<span class=\"_ _0\"></span>th remai<span class=\"_ _0\"></span>ning ter<span class=\"_ _0\"></span>m of 25 years in nor<span class=\"_ _0\"></span>mal mar<span class=\"_ _0\"></span>ket con<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s this would le<span class=\"_ _0\"></span>ad to a <span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>5bps yi<span class=\"_ _0\"></span>eld f<span class=\"_ _0\"></span>lex (as opp<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>d to <span class=\"_ _1\"></span>a 35bps yi<span class=\"_ _0\"></span>eld fl<span class=\"_ _0\"></span>ex for a <span class=\"_ _1\"></span>BBB rated asse<span class=\"_ _0\"></span>t with a 30 year remainin<span class=\"_ _0\"></span>g term). <span class=\"_ _1\"></span>The me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>dol<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>y which lea<span class=\"_ _0\"></span>ds to <span class=\"_ _1\"></span>the most sig<span class=\"_ _0\"></span>nif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant sensi<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> at<span class=\"_ gsec\"> </span>the bal<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e she<span class=\"_ _0\"></span>et date is related to an exampl<span class=\"_ _0\"></span>e in case law whe<span class=\"_ _0\"></span>re it was found that an ac<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ptab<span class=\"_ _0\"></span>le margi<span class=\"_ _0\"></span>n of error in a valu<span class=\"_ _0\"></span>ation dis<span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>te is 1<span class=\"_ _1\"></span>0% eit<span class=\"_ _0\"></span>her way, subjec<span class=\"_ _0\"></span>t to the valuatio<span class=\"_ _0\"></span>n bei<span class=\"_ _0\"></span>ng und<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>taken with du<span class=\"_ _0\"></span>e care<span class=\"_ _0\"></span>. If this sensi<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y were to be taken with<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>t a weightin<span class=\"_ _0\"></span>g it would pr<span class=\"_ _0\"></span>odu<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span> sens<span class=\"_ _0\"></span>itis<span class=\"_ _0\"></span>ed valu<span class=\"_ _0\"></span>es of \u00a356<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>m and \u00a3<span class=\"_ _0\"></span>(56<span class=\"_ _0\"></span>4)m<span class=\"_ _0\"></span>. It sho<span class=\"_ _0\"></span>uld be n<span class=\"_ _0\"></span>oted that som<span class=\"_ _0\"></span>e sens<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>viti<span class=\"_ _0\"></span>es des<span class=\"_ _0\"></span>cr<span class=\"_ _0\"></span>ibe<span class=\"_ _0\"></span>d above are no<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>lin<span class=\"_ _0\"></span>ear, and larger o<span class=\"_ _0\"></span>r small<span class=\"_ _0\"></span>er imp<span class=\"_ _0\"></span>acts sh<span class=\"_ _0\"></span>oul<span class=\"_ _0\"></span>d not be inter<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>lated or ex<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>apo<span class=\"_ _0\"></span>lated<span class=\"_ _0\"></span> from th<span class=\"_ _0\"></span>ese resu<span class=\"_ _0\"></span>lts<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>40<span class=\"_ _1\"></span><span class=\"ls8d ws0\">. <span class=\"_ _c7\"> </span>A<span class=\"_ _0\"></span>ssocia<span class=\"_ _1\"></span>tes and j<span class=\"_ _1\"></span>oin<span class=\"_ _1\"></span>t v<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>tu<span class=\"_ _0\"></span>res<span class=\"_ _3b2\"> </span></span>Su<span class=\"_ _0\"></span>mma<span class=\"_ _0\"></span>rise<span class=\"_ _0\"></span>d fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial infor<span class=\"_ _0\"></span>matio<span class=\"_ _0\"></span>n for asso<span class=\"_ _0\"></span>ciates an<span class=\"_ _0\"></span>d joint ventu<span class=\"_ _0\"></span>res ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>unted for und<span class=\"_ _0\"></span>er th<span class=\"_ _0\"></span>e equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y meth<span class=\"_ _0\"></span>od is show<span class=\"_ _0\"></span>n below<span class=\"_ _0\"></span>:<span class=\"_ _3b2\"> </span><table class=\"s w4b3 h1c5\" id=\"_b3925aed-2e15-4803-bae9-f1638ab5ff45\"><tr><td></td><td></td><td class=\"t m2 x431 h13 y46db ff5 fs9 fc1 sc0 ls3d ws131\">Joint<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m2 x1c7 hf y46db ff3 fs9 fc1 sc0 ls187 ws19c\">Joint<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x42d h13 y46dc ff5 fs9 fc1 sc0 ls38 ws3a\">Associates<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x5af h13 y46dc ff6 fs9 fc1 sc0 ls38 ws3a\">ventures<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x27f hf y46dc ff3 fs9 fc1 sc0 ls168 ws183\">Associates<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x3fc hf y46dc ff3 fs9 fc1 sc0 ls16a ws185\">venture<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x430 h13 y46dd ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x431 h13 y46dd ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c6 hf y46dd ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y46dd ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 xac3 h13 y46de ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x433 h13 y46de ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 hf y46de ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y46de ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y40bd w4b4 h116\"><div class=\"t m2 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls10e ws54\">Current assets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x843 y40bd w7b h116\"><div class=\"t m2 x1ca h1a y40b1 ff5 fs6 fc1 sc0 ls56 ws55\">83<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x844 y40bd w4a h116\"><div class=\"t m2 x1ca h1a y40b1 ff5 fs6 fc1 sc0 ls56 ws55\">428<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x845 y40bd w42 h116\"><div class=\"t m2 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls56 ws55\">106<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x846 y40bd w42 h116\"><div class=\"t m2 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls56 ws55\">486<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4358 w4b5 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws54\">Non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>current assets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x96e y4358 w36 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,722<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1622 y4358 w4a h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">740<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x753 y4358 w37 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,638<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1415 y4358 w42 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">403<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40bf w4b6 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls114 ws10d\">Curren<span class=\"_ _0\"></span>t liabilities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcd9 y40bf w70 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">61<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x75d y40bf w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">143<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x854 y40bf w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">216<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x855 y40bf w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">133<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41dd w4b7 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls114 ws10d\">Non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>rrent liabili<span class=\"_ _0\"></span>ties<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x837 y41dd w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">1,056<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x922 y41dd wa6 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1623 y41dd w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">867<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x946 y41dd w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">24<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y419a w4b8 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">(Lo<span class=\"_ _0\"></span>ss)/prof<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t fro<span class=\"_ _0\"></span>m co<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>nui<span class=\"_ _0\"></span>ng o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns \u2013 total<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1624 y419a w41 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(95)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1625 y419a w41 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(27)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1626 y419a w71 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(76)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1627 y419a w71 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(88)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w4b9 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">(Lo<span class=\"_ _0\"></span>ss)/prof<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t fro<span class=\"_ _0\"></span>m co<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>nui<span class=\"_ _0\"></span>ng o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns \u2013 Gr<span class=\"_ _0\"></span>oup<span class=\"_ _0\"></span>\u2019s shar<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1628 y4121 w41 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(40)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1629 y4121 w41 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(14)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x162a y4121 w71 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(28)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf9a y4121 w5a h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(34)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ac w4ba h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">T<span class=\"_ _1\"></span>otal co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>nsi<span class=\"_ _0\"></span>ve in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me \u2013 tot<span class=\"_ _0\"></span>al<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x43d y40ac waf h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(95)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x162b y40ac w41 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(27)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x162c y40ac w71 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(76)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x162d y40ac w71 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(88)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w4bb h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">T<span class=\"_ _1\"></span>otal co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>nsi<span class=\"_ _0\"></span>ve in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me \u2013 G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p\u2019s sha<span class=\"_ _0\"></span>re<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x162e y40ae w41 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(40)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x162f y40ae w41 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(14)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x138f y40ae w5a h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(28)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x384 y40ae w5a h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(34)<span class=\"_ _3b2\"> </span></div></td></tr></table>Th<span class=\"_ _0\"></span>e asso<span class=\"_ _0\"></span>ciates and joi<span class=\"_ _0\"></span>nt ventu<span class=\"_ _0\"></span>res have no signi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>can<span class=\"_ _0\"></span>t cont<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>ent liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>ies to which th<span class=\"_ _0\"></span>e Group is exp<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>d. T<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up has no co<span class=\"_ _0\"></span>mm<span class=\"_ _0\"></span>itm<span class=\"_ _0\"></span>ents to provid<span class=\"_ _0\"></span>e fun<span class=\"_ _0\"></span>ding to asso<span class=\"_ _0\"></span>ciates and jo<span class=\"_ _0\"></span>int ventu<span class=\"_ _0\"></span>res othe<span class=\"_ _0\"></span>r than th<span class=\"_ _0\"></span>e ones in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d in Note 39.<span class=\"_ _3b2\"> </span>Dur<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e year, <span class=\"_ _1\"></span>the total valu<span class=\"_ _0\"></span>e of Investme<span class=\"_ _0\"></span>nt in asso<span class=\"_ _0\"></span>ciates an<span class=\"_ _0\"></span>d joint vent<span class=\"_ _0\"></span>ures ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>unted for usin<span class=\"_ _0\"></span>g the eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>d on the Gro<span class=\"_ _0\"></span>up\u2019s Con<span class=\"_ _0\"></span>solid<span class=\"_ _0\"></span>ated Bala<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e She<span class=\"_ _0\"></span>et in<span class=\"_ _0\"></span>cre<span class=\"_ _0\"></span>ased to \u00a387<span class=\"_ _0\"></span>2m (20<span class=\"_ _0\"></span>23: \u00a361<span class=\"_ _1\"></span>6m), refle<span class=\"_ _0\"></span>ctin<span class=\"_ _0\"></span>g a numb<span class=\"_ _0\"></span>er of addit<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s and disp<span class=\"_ _0\"></span>osals<span class=\"_ _0\"></span>, as well as the Gro<span class=\"_ _0\"></span>up\u2019s share of the prof<span class=\"_ _0\"></span>its and<span class=\"_ _0\"></span> loss<span class=\"_ _0\"></span>es of the resp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tive ass<span class=\"_ _0\"></span>oci<span class=\"_ _0\"></span>ates and joint ve<span class=\"_ _0\"></span>nture<span class=\"_ _0\"></span>s.<span class=\"_ _3b2\"> </span>41<span class=\"_ _3\"></span><span class=\"lsa5 ws91\">. <span class=\"_ _20\"> </span>Rel<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d u<span class=\"_ _3\"></span>nder<span class=\"_ _3\"></span>ta<span class=\"_ _3\"></span>k<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>gs<span class=\"_ _3b2\"> </span></span>Th<span class=\"_ _0\"></span>e Com<span class=\"_ _0\"></span>pan<span class=\"_ _0\"></span>ies Act 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>06 re<span class=\"_ _0\"></span>quire<span class=\"_ _0\"></span>s discl<span class=\"_ _0\"></span>osure of infor<span class=\"_ _0\"></span>matio<span class=\"_ _0\"></span>n abo<span class=\"_ _0\"></span>ut the G<span class=\"_ _0\"></span>roup\u2019s subsi<span class=\"_ _0\"></span>diar<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>, asso<span class=\"_ _0\"></span>ciates<span class=\"_ _0\"></span>, join<span class=\"_ _0\"></span>t venture<span class=\"_ _0\"></span>s and othe<span class=\"_ _0\"></span>r signif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant<span class=\"_ _0\"></span> hol<span class=\"_ _0\"></span>ding<span class=\"_ _0\"></span>s. Si<span class=\"_ _0\"></span>gnif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant ho<span class=\"_ _0\"></span>ldi<span class=\"_ _0\"></span>ngs are ent<span class=\"_ _0\"></span>itie<span class=\"_ _0\"></span>s in which th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p eith<span class=\"_ _0\"></span>er has a share<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>ldin<span class=\"_ _0\"></span>g greater tha<span class=\"_ _0\"></span>n or equ<span class=\"_ _0\"></span>al to 20% of the nom<span class=\"_ _0\"></span>inal valu<span class=\"_ _0\"></span>e of any<span class=\"_ gsec\"> </span>sha<span class=\"_ _0\"></span>re class<span class=\"_ _0\"></span>, or a bo<span class=\"_ _0\"></span>ok valu<span class=\"_ _0\"></span>e greater than 20<span class=\"_ _0\"></span>% of the Gro<span class=\"_ _0\"></span>up\u2019s assets<span class=\"_ _0\"></span>. (i<span class=\"_ _1\"></span>) Subs<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e par<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>cul<span class=\"_ _0\"></span>ars of the Co<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>ny<span class=\"_ _0\"></span>\u2019s subsidi<span class=\"_ _0\"></span>arie<span class=\"_ _0\"></span>s, mu<span class=\"_ _0\"></span>tua<span class=\"_ _0\"></span>l funds an<span class=\"_ _0\"></span>d par<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ner<span class=\"_ _0\"></span>shi<span class=\"_ _0\"></span>ps that have be<span class=\"_ _0\"></span>en co<span class=\"_ _0\"></span>nsol<span class=\"_ _0\"></span>idated as at 31 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>24 are listed bel<span class=\"_ _0\"></span>ow, groupe<span class=\"_ _0\"></span>d by register<span class=\"_ _0\"></span>ed of<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ce add<span class=\"_ _0\"></span>ress<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e main terr<span class=\"_ _0\"></span>itor<span class=\"_ _3\"></span>y of <span class=\"_ _1\"></span>op<span class=\"_ _0\"></span>erat<span class=\"_ _0\"></span>ion of subsi<span class=\"_ _0\"></span>diar<span class=\"_ _0\"></span>ies in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>orate<span class=\"_ _0\"></span>d in Engla<span class=\"_ _0\"></span>nd and Wale<span class=\"_ _0\"></span>s is the UK<span class=\"_ _0\"></span>. For<span class=\"_ _0\"></span> overs<span class=\"_ _0\"></span>eas subs<span class=\"_ _0\"></span>idia<span class=\"_ _0\"></span>ries th<span class=\"_ _0\"></span>e prin<span class=\"_ _0\"></span>cip<span class=\"_ _0\"></span>al cou<span class=\"_ _0\"></span>ntr<span class=\"_ _3\"></span>y of <span class=\"_ _1\"></span>op<span class=\"_ _0\"></span>erat<span class=\"_ _0\"></span>ion is the sa<span class=\"_ _0\"></span>me as the co<span class=\"_ _0\"></span>untr<span class=\"_ _3\"></span>y of incor<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>. All sub<span class=\"_ _0\"></span>sidia<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>s are 1<span class=\"_ _1\"></span>00<span class=\"_ _0\"></span>% owne<span class=\"_ _0\"></span>d, un<span class=\"_ _0\"></span>les<span class=\"_ _0\"></span>s stated oth<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>wis<span class=\"_ _0\"></span>e. Al<span class=\"_ _0\"></span>l subsid<span class=\"_ _0\"></span>iari<span class=\"_ _0\"></span>es are hel<span class=\"_ _0\"></span>d throu<span class=\"_ _0\"></span>gh inter<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>diate hol<span class=\"_ _0\"></span>ding c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pani<span class=\"_ _0\"></span>es unle<span class=\"_ _0\"></span>ss noted that th<span class=\"_ _0\"></span>ey are hel<span class=\"_ _0\"></span>d dire<span class=\"_ _0\"></span>ct by the Co<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>ny. Su<span class=\"_ _0\"></span>bsidi<span class=\"_ _0\"></span>arie<span class=\"_ _0\"></span>s that are co<span class=\"_ _0\"></span>nsol<span class=\"_ _0\"></span>idated wh<span class=\"_ _0\"></span>ere the Gro<span class=\"_ _0\"></span>up owns le<span class=\"_ _0\"></span>ss than 5<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>% of the ordina<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y sha<span class=\"_ _0\"></span>re capi<span class=\"_ _0\"></span>tal<span class=\"_ _0\"></span>, are con<span class=\"_ _0\"></span>solid<span class=\"_ _0\"></span>ated base<span class=\"_ _0\"></span>d on an asse<span class=\"_ _0\"></span>ssm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span> of<span class=\"_ gsec\"> </span>con<span class=\"_ _0\"></span>trol no<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>ally ar<span class=\"_ _0\"></span>ising fro<span class=\"_ _0\"></span>m spe<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>al righ<span class=\"_ _0\"></span>ts att<span class=\"_ _0\"></span>ach<span class=\"_ _0\"></span>ing to the class of sha<span class=\"_ _0\"></span>re owned<span class=\"_ _0\"></span>, othe<span class=\"_ _0\"></span>r cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>tual ar<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts and facto<span class=\"_ _0\"></span>rs suc<span class=\"_ _0\"></span>h as the pur<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>e of the investee<span class=\"_ _0\"></span>, the natu<span class=\"_ _0\"></span>re of its relevan<span class=\"_ _0\"></span>t activ<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, voting rig<span class=\"_ _0\"></span>hts (inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>ing poten<span class=\"_ _0\"></span>tial voting r<span class=\"_ _0\"></span>ights) and subs<span class=\"_ _0\"></span>tanti<span class=\"_ _0\"></span>ve and protec<span class=\"_ _0\"></span>tive ri<span class=\"_ _0\"></span>ghts<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p reas<span class=\"_ _0\"></span>sess<span class=\"_ _0\"></span>es th<span class=\"_ _0\"></span>e app<span class=\"_ _0\"></span>ropr<span class=\"_ _0\"></span>iaten<span class=\"_ _0\"></span>ess of th<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>nsol<span class=\"_ _0\"></span>idati<span class=\"_ _0\"></span>on of an inves<span class=\"_ _0\"></span>tee wh<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ever fac<span class=\"_ _0\"></span>ts an<span class=\"_ _0\"></span>d circ<span class=\"_ _0\"></span>ums<span class=\"_ _0\"></span>tan<span class=\"_ _0\"></span>ces i<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>cate that th<span class=\"_ _0\"></span>ere h<span class=\"_ _0\"></span>as be<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span> a<span class=\"_ gsec\"> </span>cha<span class=\"_ _0\"></span>nge in th<span class=\"_ _0\"></span>e relatio<span class=\"_ _0\"></span>nshi<span class=\"_ _0\"></span>p bet<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n the Gro<span class=\"_ _0\"></span>up and th<span class=\"_ _0\"></span>e investee wh<span class=\"_ _0\"></span>ich af<span class=\"_ _0\"></span>fect<span class=\"_ _0\"></span>s cont<span class=\"_ _0\"></span>rol<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span><div class=\"gs6c8\"><table class=\"s w4bc h1c6\" id=\"_d8f69731-f32b-4ada-8fb8-7af05922726f\"><tr><td></td><td></td><td></td><td class=\"t m0 x1630 h13 y46df ff5 fs9 fc1 sc0 ls18 ws0\">% of e<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m0 x274 h13 y46e0 ff5 fs9 fc1 sc0 ls3d ws86\">Country of<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m0 x1630 h13 y46e0 ff5 fs9 fc1 sc0 ls38 ws3b\">shares held<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 h13 y46e1 ff5 fs9 fc1 sc0 ls14a ws163\">Company n<span class=\"_ _1\"></span>ame<span class=\"_ _3b2\"> </span></td><td class=\"c n x1506 y46e2 w4bd h12b\"><div class=\"t m0 x1ca h13 y40ef ff5 fs9 fc1 sc0 ls14a ws164\">incorporation<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1631 y46e2 w4be h12b\"><div class=\"t m0 x1ca h13 y40ef ff5 fs9 fc1 sc0 ls38 ws3b\">Share class<span class=\"_ _3b2\"> </span></div></td><td class=\"t m0 x1630 h13 y46e1 ff5 fs9 fc1 sc0 ls18 ws0\">by t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>p<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 h13 y46e3 ff6 fs9 fc1 sc0 ls18 ws32\">On<span class=\"_ _0\"></span>e Co<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>n S<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>, Lo<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n, EC<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>R 5A<span class=\"_ _0\"></span>A<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y46e4 w4bf h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">30<span class=\"_ _3\"></span>-3<span class=\"_ _0\"></span>1 Go<span class=\"_ _0\"></span>lde<span class=\"_ _0\"></span>n S<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>are G<span class=\"_ _0\"></span>P LL<span class=\"_ _0\"></span>P<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1632 y46e4 w4c0 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">E<span class=\"_ _0\"></span>ngland and<span class=\"_ _1\"></span> Wale<span class=\"_ _1\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1633 y46e4 w4c1 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws13f\">Par<span class=\"_ _0\"></span>tnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1634 y46e4 w4c2 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y46e5 w4c3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">30<span class=\"_ _3\"></span>-3<span class=\"_ _0\"></span>1 Go<span class=\"_ _0\"></span>lde<span class=\"_ _0\"></span>n S<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>are L<span class=\"_ _0\"></span>P<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1635 y46e5 w4c4 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1636 y46e5 w4c5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws13f\">Partnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1637 y46e5 w4c2 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y46e6 w4c6 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">30<span class=\"_ _3\"></span>-3<span class=\"_ _0\"></span>1 Go<span class=\"_ _0\"></span>lde<span class=\"_ _0\"></span>n S<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>are N<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>e 1 L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1638 y46e6 w4c7 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1639 y46e6 w4c8 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x163a y46e6 w4c2 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y46e7 w4c6 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">30<span class=\"_ _3\"></span>-3<span class=\"_ _0\"></span>1 Go<span class=\"_ _0\"></span>lde<span class=\"_ _0\"></span>n S<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>are N<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>e 2 L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1638 y46e7 w4c7 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1639 y46e7 w4c8 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x163a y46e7 w4c2 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y46e8 w4c9 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">An<span class=\"_ _0\"></span>tha<span class=\"_ _0\"></span>m 1 Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x163b y46e8 w4ca h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x163c y46e8 w4cb h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x163d y46e8 w4cc h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y46e9 w4cd h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Be<span class=\"_ _0\"></span>gb<span class=\"_ _0\"></span>roke O<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>ford L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x163e y46e9 w4ce h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x163f y46e9 w4c8 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1640 y46e9 w4cf h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y46ea w4d0 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls113 ws5b\">Bonnington<span class=\"_ _1\"></span> Resi<span class=\"_ _1\"></span>dents Ma<span class=\"_ _1\"></span>nagement Compa<span class=\"_ _1\"></span>ny Limit<span class=\"_ _1\"></span>ed<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1641 y46ea w4c7 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1642 y46ea w4d1 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws54\">Limited<span class=\"_ _1\"></span> by guarant<span class=\"_ _1\"></span>ee<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1643 y46ea w4cf h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y46eb w4d2 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls14f ws118\">BQ<span class=\"_ _0\"></span>N L<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1644 y46eb w4ca h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1645 y46eb w4d3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1640 y46eb w4cf h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y46ec w4d4 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 lsea ws27\">Cardiff Interchange Limited<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1646 y46ec w4d5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x319 y46ec w4d3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1643 y46ec w4cf h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y46ed w4d6 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Cardiff<span class=\"_ _1\"></span> Int<span class=\"_ _1\"></span>erchange<span class=\"_ _1\"></span> ManCo Limit<span class=\"_ _1\"></span>ed<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1647 y46ed w4d7 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1648 y46ed w4cb h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xab4 y46ed w4d8 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 lsc5 ws1de\">6<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>.7<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y46ee w4d9 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 lsea ws27\">Cardiff Interchange Nomin<span class=\"_ _0\"></span>eeC<span class=\"_ _0\"></span>o Limited<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1542 y46ee w4d7 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1649 y46ee w4c8 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x164a y46ee w4da h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y46ef w4db h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Cit<span class=\"_ _0\"></span>y &amp; U<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ban D<span class=\"_ _0\"></span>eve<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>pm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x164b y46ef w4dc h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x164c y46ef w4c8 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xab2 y46ef w4c2 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y46f0 w4dd h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Co<span class=\"_ _0\"></span>ur<span class=\"_ _3\"></span>t Plac<span class=\"_ _0\"></span>e Ga<span class=\"_ _0\"></span>rde<span class=\"_ _0\"></span>ns H<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>gs L<span class=\"_ _0\"></span>L<span class=\"_ _0\"></span>P<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6fa y46f0 w4c4 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x164d y46f0 w4c1 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws13f\">Par<span class=\"_ _0\"></span>tnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x164e y46f0 w4de h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y46f1 w4df h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Co<span class=\"_ _0\"></span>ur<span class=\"_ _3\"></span>t Plac<span class=\"_ _0\"></span>e Ga<span class=\"_ _0\"></span>rde<span class=\"_ _0\"></span>ns O<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>ford L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x164f y46f1 w4c7 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England a<span class=\"_ _1\"></span>nd Wa<span class=\"_ _1\"></span>les<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1650 y46f1 w4e0 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1651 y46f1 w4da h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y46f2 w4e1 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Fi<span class=\"_ _0\"></span>nova<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n UK L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1652 y46f2 w4e2 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">E<span class=\"_ _0\"></span>ngland and<span class=\"_ _1\"></span> Wale<span class=\"_ _1\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa29 y46f2 w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1653 y46f2 w4cc h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y46f3 w4e4 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Hau<span class=\"_ _0\"></span>t Inve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts 2 L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15ed y46f3 w4c0 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">E<span class=\"_ _0\"></span>ngland and<span class=\"_ _1\"></span> Wale<span class=\"_ _1\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1654 y46f3 w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1655 y46f3 w4da h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y46f4 w4e5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Hau<span class=\"_ _0\"></span>t Inve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1656 y46f4 w4c4 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1657 y46f4 w4e6 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1658 y46f4 w4cc h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y46f5 w4e7 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Int<span class=\"_ _1\"></span>erchange<span class=\"_ _1\"></span> Central<span class=\"_ _1\"></span> Square<span class=\"_ _1\"></span> (<span class=\"_ _1\"></span>General P<span class=\"_ _1\"></span>artner) Limit<span class=\"_ _1\"></span>ed<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1659 y46f5 w4c4 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x165a y46f5 w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x165b y46f5 w4de h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y46f6 w4e8 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Int<span class=\"_ _1\"></span>erchange<span class=\"_ _1\"></span> Central<span class=\"_ _1\"></span> Square<span class=\"_ _1\"></span> Limit<span class=\"_ _1\"></span>ed Partnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1646 y46f6 w4d5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x319 y46f6 w4e9 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws13f\">Par<span class=\"_ _0\"></span>tnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x165c y46f6 w4cf h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y46f7 w4ea h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t Dis<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>s On L<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>e Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1542 y46f7 w4d7 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1649 y46f7 w4c8 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x165d y46f7 w4c2 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y46f8 w4eb h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">IPIF T<span class=\"_ _4\"></span>rade<span class=\"_ _1\"></span> General Pa<span class=\"_ _1\"></span>rtner Limited<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x165e y46f8 w4ec h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">Engla<span class=\"_ _1\"></span>nd and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x165f y46f8 w4cb h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1660 y46f8 w4c2 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y46f9 w4ed h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">IPI<span class=\"_ _0\"></span>F T<span class=\"_ _1\"></span>rade N<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ee L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x164f y46f9 w4ee h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wale<span class=\"_ _1\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1661 y46f9 w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1662 y46f9 w4da h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y46fa w4ef h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">IX<span class=\"_ _0\"></span>D<span class=\"_ _0\"></span>S Limi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1638 y46fa w4c7 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1639 y46fa w4c8 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x163a y46fa w4f0 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls130 ws1a1\">70.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y46fb w4f1 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L&amp;<span class=\"_ _0\"></span>G Af<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rda<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>e Ho<span class=\"_ _0\"></span>usi<span class=\"_ _0\"></span>ng A<span class=\"_ _0\"></span>cc<span class=\"_ _0\"></span>ess G<span class=\"_ _0\"></span>P L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1663 y46fb w4d7 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1636 y46fb w4cb h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xab6 y46fb w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y46fc w4f2 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L&amp;<span class=\"_ _0\"></span>G Af<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rda<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>e Ho<span class=\"_ _0\"></span>usi<span class=\"_ _0\"></span>ng A<span class=\"_ _0\"></span>cc<span class=\"_ _0\"></span>ess LG<span class=\"_ _0\"></span>P<span class=\"_ _0\"></span>S LP<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1664 y46fc w4ec h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">Engl<span class=\"_ _1\"></span>and and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1665 y46fc w4c1 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws13f\">Par<span class=\"_ _0\"></span>tnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1666 y46fc w4cf h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y46fd w4f3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L&amp;<span class=\"_ _0\"></span>G Af<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rda<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>e Ho<span class=\"_ _0\"></span>usi<span class=\"_ _0\"></span>ng G<span class=\"_ _0\"></span>P Li<span class=\"_ _0\"></span>mite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1667 y46fd w4d7 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1668 y46fd w4cb h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1669 y46fd w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y46fe w4f4 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L&amp;<span class=\"_ _0\"></span>G Af<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rda<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>e Ho<span class=\"_ _0\"></span>usi<span class=\"_ _0\"></span>ng N<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>the<span class=\"_ _0\"></span>rn G<span class=\"_ _0\"></span>P Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x166a y46fe w4dc h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1642 y46fe w4c8 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x166b y46fe w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y46ff w4f5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L&amp;<span class=\"_ _0\"></span>G Af<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rda<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>e Ho<span class=\"_ _0\"></span>usi<span class=\"_ _0\"></span>ng N<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>the<span class=\"_ _0\"></span>rn LG<span class=\"_ _0\"></span>PS L<span class=\"_ _0\"></span>P<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1644 y46ff w4ca h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1645 y46ff w4d3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1640 y46ff w4cf h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4700 w4f6 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L&amp;<span class=\"_ _0\"></span>G C<span class=\"_ _0\"></span>ash Trust<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1647 y4700 w4d5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x166c y4700 w4f7 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws1bc\">U<span class=\"_ _0\"></span>nit<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x166d y4700 w4f8 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls1a5 ws1df\">41.9<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4701 w4f9 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 lsea ws27\">L&amp;G Digital Infrastru<span class=\"_ _0\"></span>cture Co<span class=\"_ _0\"></span>-Invest Holding 1 Ltd<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x166e y4701 w4fa h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and Wa<span class=\"_ _1\"></span>les<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x166f y4701 w4c8 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1670 y4701 w4cf h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4702 w4fb h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L&amp;<span class=\"_ _0\"></span>G Fu<span class=\"_ _0\"></span>tur<span class=\"_ _0\"></span>e Worl<span class=\"_ _0\"></span>d Gl<span class=\"_ _0\"></span>ob<span class=\"_ _0\"></span>al O<span class=\"_ _0\"></span>pp<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>tuni<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6c6 y4702 w4c4 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1671 y4702 w4f7 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws1bc\">U<span class=\"_ _0\"></span>nit<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1672 y4702 w4fc h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls10e ws11c\">4<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>.2<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4703 w4fd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L&amp;<span class=\"_ _0\"></span>G H<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ne H<span class=\"_ _0\"></span>ill H<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>dc<span class=\"_ _0\"></span>o GP L<span class=\"_ _0\"></span>L<span class=\"_ _0\"></span>P<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1659 y4703 w4fe h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England a<span class=\"_ _1\"></span>nd Wale<span class=\"_ _1\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1661 y4703 w4c5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws13f\">Partnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1673 y4703 w4cf h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4704 w4ff h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls12e wsca\">L&amp;G Herne H<span class=\"_ _1\"></span>ill<span class=\"_ _1\"></span> Holdco Nom<span class=\"_ _1\"></span>inee Limit<span class=\"_ _1\"></span>ed<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1674 y4704 w4d7 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1675 y4704 w4cb h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1676 y4704 w4cc h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4705 w500 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L&amp;<span class=\"_ _0\"></span>G Hi<span class=\"_ _0\"></span>llv<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>w Pla<span class=\"_ _0\"></span>ce P<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>o Li<span class=\"_ _0\"></span>mite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6c6 y4705 w4c4 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1671 y4705 w4d3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1677 y4705 w4cf h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4706 w501 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L&amp;<span class=\"_ _0\"></span>G Lo<span class=\"_ _0\"></span>wer Gi<span class=\"_ _0\"></span>lm<span class=\"_ _0\"></span>ore P<span class=\"_ _0\"></span>lac<span class=\"_ _0\"></span>e Pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>co L<span class=\"_ _0\"></span>td<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1678 y4706 w4ce h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">Engl<span class=\"_ _1\"></span>and and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1675 y4706 w4cb h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1676 y4706 w4cc h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4707 w502 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L&amp;<span class=\"_ _0\"></span>G M<span class=\"_ _0\"></span>ult<span class=\"_ _0\"></span>i As<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t Co<span class=\"_ _0\"></span>re 20 Fu<span class=\"_ _0\"></span>nd<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1679 y4707 w4dc h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x167a y4707 w503 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws1bc\">Unit<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x165b y4707 w4d8 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 lsc5 ws1de\">9<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>.7<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4708 w504 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L&amp;<span class=\"_ _0\"></span>G M<span class=\"_ _0\"></span>ult<span class=\"_ _0\"></span>i As<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t Co<span class=\"_ _0\"></span>re 4<span class=\"_ _0\"></span>5 Fun<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1641 y4708 w4c7 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1642 y4708 w503 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws1bc\">Unit<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x165c y4708 w505 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls1a6 ws1e0\">7<span class=\"_ _0\"></span>2<span class=\"_ _3\"></span>.9<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4709 w506 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L&amp;<span class=\"_ _0\"></span>G M<span class=\"_ _0\"></span>ult<span class=\"_ _0\"></span>i As<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t Co<span class=\"_ _0\"></span>re 75 Fun<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x167b y4709 w4d7 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x167c y4709 w507 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws1bc\">Unit<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x167d y4709 w508 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls1a6 ws1e0\">7<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>.9<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y470a w509 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws54\">L&amp;G Multi-<span class=\"_ _0\"></span>Asset T<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>get Return F<span class=\"_ _1\"></span>und<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1674 y470a w4d5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x167e y470a w503 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws1bc\">Unit<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x165d y470a w50a h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls74 ws79\">4<span class=\"_ _3\"></span>7.<span class=\"_ _3\"></span>2<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y470b w50b h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L&amp;<span class=\"_ _0\"></span>G M<span class=\"_ _0\"></span>ult<span class=\"_ _0\"></span>ifa<span class=\"_ _0\"></span>mil<span class=\"_ _0\"></span>y LL<span class=\"_ _0\"></span>P<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1646 y470b w4d5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x319 y470b w4e9 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws13f\">Par<span class=\"_ _0\"></span>tnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x165c y470b w4cf h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y470c w50c h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L&amp;<span class=\"_ _0\"></span>G U<span class=\"_ _0\"></span>K S<span class=\"_ _0\"></span>mall<span class=\"_ _0\"></span>er C<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>ani<span class=\"_ _0\"></span>es T<span class=\"_ _1\"></span>rus<span class=\"_ _0\"></span>t<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1542 y470c w4d7 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1649 y470c w507 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws1bc\">Unit<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x167f y470c w505 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls1a6 ws1e0\">3<span class=\"_ _0\"></span>2<span class=\"_ _3\"></span>.9<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y470d w50d h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al (P<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>tfol<span class=\"_ _0\"></span>io M<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt S<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>vic<span class=\"_ _0\"></span>es) Li<span class=\"_ _0\"></span>mite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x163b y470d w4ca h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15e5 y470d w4d3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x165c y470d w4cf h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y470e w50e h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al (P<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>tfol<span class=\"_ _0\"></span>io M<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt S<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>vic<span class=\"_ _0\"></span>es) No<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>es L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1680 y470e w4ce h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England a<span class=\"_ _1\"></span>nd Wa<span class=\"_ _1\"></span>les<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1681 y470e w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1682 y470e w4cc h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y470f w50f h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Legal<span class=\"_ _1\"></span> &amp; General<span class=\"_ _1\"></span> (<span class=\"_ _1\"></span>Strategic<span class=\"_ _1\"></span> Land Ha<span class=\"_ _1\"></span>rpenden<span class=\"_ _1\"></span>) Limit<span class=\"_ _1\"></span>ed<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1683 y470f w4c7 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1684 y470f w4c8 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1637 y470f w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4710 w510 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al (S<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ateg<span class=\"_ _0\"></span>ic L<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d No<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>th H<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>sh<span class=\"_ _0\"></span>am) Li<span class=\"_ _0\"></span>mite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15e3 y4710 w4d7 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1685 y4710 w4cb h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1686 y4710 w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4711 w511 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al (S<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ateg<span class=\"_ _0\"></span>ic L<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d) L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ited<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1687 y4711 w4dc h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1688 y4711 w4c8 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1689 y4711 w4da h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4712 w512 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Legal<span class=\"_ _1\"></span> &amp; General<span class=\"_ _1\"></span> (Unit<span class=\"_ _1\"></span> T<span class=\"_ _1\"></span>ru<span class=\"_ _1\"></span>st Mana<span class=\"_ _1\"></span>gers<span class=\"_ _1\"></span>) Limit<span class=\"_ _1\"></span>ed<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1659 y4712 w4c4 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x165a y4712 w4d3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1634 y4712 w4cf h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4713 w513 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al (U<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>t T<span class=\"_ _1\"></span>rus<span class=\"_ _0\"></span>t Ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s) Nom<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s Li<span class=\"_ _0\"></span>mite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x168a y4713 w4d5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x168b y4713 w514 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x168c y4713 w4da h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4714 w515 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Af<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rda<span class=\"_ _0\"></span>ble H<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>es (<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>R) LL<span class=\"_ _0\"></span>P<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x168d y4714 w4c7 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England a<span class=\"_ _1\"></span>nd Wa<span class=\"_ _1\"></span>les<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x168e y4714 w4c5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws13f\">Partnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x168f y4714 w4cf h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4715 w516 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Af<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rda<span class=\"_ _0\"></span>ble H<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>es (<span class=\"_ _0\"></span>De<span class=\"_ _0\"></span>vel<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt 2) L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6fa y4715 w4c4 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x164d y4715 w4d3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1670 y4715 w4cf h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4716 w516 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Af<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rda<span class=\"_ _0\"></span>ble H<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>es (<span class=\"_ _0\"></span>De<span class=\"_ _0\"></span>vel<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt 4) L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6fa y4716 w4c4 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x164d y4716 w4d3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1670 y4716 w4cf h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4717 w517 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Af<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rda<span class=\"_ _0\"></span>ble H<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>es (<span class=\"_ _0\"></span>De<span class=\"_ _0\"></span>vel<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt) Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1690 y4717 w518 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England a<span class=\"_ _1\"></span>nd Wa<span class=\"_ _1\"></span>les<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb9d y4717 w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x168c y4717 w4da h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4718 w519 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Af<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rda<span class=\"_ _0\"></span>ble H<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>es (<span class=\"_ _0\"></span>Inve<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t 1<span class=\"_ _1\"></span>) Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1691 y4718 w4ce h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1636 y4718 w4cb h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xab6 y4718 w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4719 w51a h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Af<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rda<span class=\"_ _0\"></span>ble H<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>es (<span class=\"_ _0\"></span>Inve<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t 2) Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x166a y4719 w4dc h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1642 y4719 w4c8 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x166b y4719 w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y471a w51a h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Af<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rda<span class=\"_ _0\"></span>ble H<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>es (<span class=\"_ _0\"></span>Inve<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t 3) Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x166a y471a w4dc h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1642 y471a w4c8 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x166b y471a w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y471b w51b h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Af<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rda<span class=\"_ _0\"></span>ble H<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>es (O<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns) Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1667 y471b w4d7 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1668 y471b w4cb h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1669 y471b w4de h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y471c w51c h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Af<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rda<span class=\"_ _0\"></span>ble H<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>es (S<span class=\"_ _0\"></span>O) LL<span class=\"_ _0\"></span>P<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1692 y471c w4d7 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1693 y471c w4c5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws13f\">Partnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x165d y471c w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y471d w51d h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Af<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rda<span class=\"_ _0\"></span>ble H<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>es L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1694 y471d w4fa h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">Engl<span class=\"_ _1\"></span>and and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1695 y471d w4e6 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1696 y471d w4cc h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y471e w51e h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Br<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>tol T<span class=\"_ _1\"></span>emp<span class=\"_ _0\"></span>le I<span class=\"_ _0\"></span>sla<span class=\"_ _0\"></span>nd E<span class=\"_ _0\"></span>sta<span class=\"_ _0\"></span>te Man<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent C<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>any L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x168a y471e w4d5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x168b y471e w514 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x168c y471e w4da h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y471f w51f h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Legal<span class=\"_ _1\"></span> &amp; General<span class=\"_ _1\"></span> Capita<span class=\"_ _1\"></span>l In<span class=\"_ _1\"></span>vestmen<span class=\"_ _1\"></span>ts Lim<span class=\"_ _1\"></span>ited<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1697 y471f w4dc h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1698 y471f w4c8 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1699 y471f w4da h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y4721 w520 h1c7\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al C<span class=\"_ _0\"></span>o Se<span class=\"_ _0\"></span>c L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted</div><div class=\"t m0 x212 h5a y4720 ff3 fs1c fc1 sc0 ls1 ws0\">#<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1506 y4722 w4d5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x169a y4722 w521 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x169b y4722 w4de h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y4723 w522 h1b1\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al De<span class=\"_ _0\"></span>vel<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt A<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ets H<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>gs L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted</div><div class=\"t m0 xbbc h5a y4668 ff3 fs1c fc1 sc0 ls1 ws0\">#<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1506 y4724 w4d5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x169a y4724 w521 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x169b y4724 w4de h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4725 w523 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Di<span class=\"_ _0\"></span>git<span class=\"_ _0\"></span>al S<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1644 y4725 w4ca h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1645 y4725 w4d3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1640 y4725 w4cf h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w524 h176\"><div class=\"t m0 x1ca hc y445f ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Em<span class=\"_ _0\"></span>pl<span class=\"_ _0\"></span>oye<span class=\"_ _0\"></span>e Be<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ts A<span class=\"_ _0\"></span>dmi<span class=\"_ _0\"></span>nis<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x169c y40ae w4c4 h176\"><div class=\"t m0 x1ca hc y445f ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x169d y40ae w4d3 h176\"><div class=\"t m0 x1ca hc y445f ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x169e y40ae w4cf h175\"><div class=\"t m0 x1ca hc y445f ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"t m0 h16 ff8 fs9 fc1 sc0 ls1 ws0 gsa63\"># Di<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>y he<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>d by 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.<span class=\"_ _3b2\"> </span></div><div class=\"gs6c8\"><table class=\"s w4bc h1c8\" id=\"_8a30b54a-783c-4c28-b0f9-0bfa500d5f11\"><tr><td></td><td></td><td></td><td class=\"t m0 x1630 h13 y4726 ff5 fs9 fc1 sc0 ls18 ws0\">% of e<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m0 x274 h13 y4727 ff5 fs9 fc1 sc0 ls3d ws86\">Country of<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m0 x1630 h13 y4727 ff5 fs9 fc1 sc0 ls38 ws3b\">shares held<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 h13 y4728 ff5 fs9 fc1 sc0 ls14a ws163\">Company n<span class=\"_ _1\"></span>ame<span class=\"_ _3b2\"> </span></td><td class=\"c n x1506 y4729 w4bd h12b\"><div class=\"t m0 x1ca h13 y40ef ff5 fs9 fc1 sc0 ls14a ws164\">incorporation<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1631 y4729 w4be h12b\"><div class=\"t m0 x1ca h13 y40ef ff5 fs9 fc1 sc0 ls38 ws3b\">Share class<span class=\"_ _3b2\"> </span></div></td><td class=\"t m0 x1630 h13 y4728 ff5 fs9 fc1 sc0 ls18 ws0\">by t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>p<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c x1cb y472a w525 h11a\"><div class=\"t m0 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Es<span class=\"_ _0\"></span>tate A<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ies L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d</div><div class=\"t m0 x169f h5a y41a8 ff3 fs1c fc1 sc0 ls1 ws0\">#<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1506 y472b w4d5 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x169a y472b w521 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x169b y472b w4de h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y472c w526 h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">Leg<span class=\"_ _0\"></span>al &amp; Gen<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Euro Mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tga<span class=\"_ _0\"></span>ge No.1 <span class=\"_ _1\"></span>SP<span class=\"_ _0\"></span>V Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6c6 y472c w4c4 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1671 y472c w4d3 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1677 y472c w4cf h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y472d w527 h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">Leg<span class=\"_ _0\"></span>al &amp; Gen<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Euro Mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tga<span class=\"_ _0\"></span>ge SP<span class=\"_ _0\"></span>V LL<span class=\"_ _0\"></span>P<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16a0 y472d w4d7 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14c0 y472d w4c5 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls11b ws13f\">Partnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x165c y472d w4cf h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y472e w528 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Eve<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>t UK H<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>dc<span class=\"_ _0\"></span>o Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16a1 y472e w4ce h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1413 y472e w4c8 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16a2 y472e w4c2 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y472f w529 h1b1\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Fi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e PLC</div><div class=\"t m0 xa9f h5a y4668 ff3 fs1c fc1 sc0 ls1 ws0\">#<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1506 y4730 w4d5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x169a y4730 w521 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x169b y4730 w4de h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4731 w52a h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Fi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al Ad<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x163b y4731 w4ca h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15e5 y4731 w4d3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x165c y4731 w4cf h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4732 w52b h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">Leg<span class=\"_ _0\"></span>al &amp; Gen<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al F<span class=\"_ _0\"></span>X St<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>uri<span class=\"_ _0\"></span>ng (SP<span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>) Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1644 y4732 w4ca h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1645 y4732 w4d3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1640 y4732 w4cf h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4733 w52c h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al GP L<span class=\"_ _0\"></span>L<span class=\"_ _0\"></span>P<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16a3 y4733 w4fe h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">Eng<span class=\"_ _1\"></span>land and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16a4 y4733 w4c1 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws13f\">Par<span class=\"_ _0\"></span>tnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16a5 y4733 w4cf h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4734 w52d h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al He<span class=\"_ _0\"></span>at Pu<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>s Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x168d y4734 w4c7 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England a<span class=\"_ _1\"></span>nd Wa<span class=\"_ _1\"></span>les<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x168e y4734 w4c8 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16a6 y4734 w4cf h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4735 w52e h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Ho<span class=\"_ _0\"></span>me F<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce H<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>g C<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pany L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16a7 y4735 w4ce h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16a8 y4735 w4cb h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x165b y4735 w4c2 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4736 w52f h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Ho<span class=\"_ _0\"></span>me F<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16a9 y4736 w4ce h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16aa y4736 w4cb h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16ab y4736 w4c2 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4737 w530 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Ho<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>s (Se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>es C<span class=\"_ _0\"></span>o) Lim<span class=\"_ _0\"></span>ited<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16ac y4737 w4dc h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16ad y4737 w4c8 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16ae y4737 w4cc h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4738 w531 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Ho<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>s Ho<span class=\"_ _0\"></span>ld<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>s Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16af y4738 w4ca h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1648 y4738 w4cb h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xab4 y4738 w4cc h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4739 w532 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Ho<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>s Mo<span class=\"_ _0\"></span>du<span class=\"_ _0\"></span>lar L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16b0 y4739 w4d7 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16b1 y4739 w4c8 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16b2 y4739 w4da h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y473a w533 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Ins<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce H<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>gs L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16b3 y473a w4fe h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">Engla<span class=\"_ _1\"></span>nd and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x167c y473a w4cb h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16b4 y473a w4cc h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y473c w534 h1c9\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">Leg<span class=\"_ _0\"></span>al &amp; Gen<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce H<span class=\"_ _0\"></span>old<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>s No. 2 Limi<span class=\"_ _0\"></span>ted</div><div class=\"t m0 x135f h5a y473b ff3 fs1c fc1 sc0 ls1 ws0\">#<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1506 y473d w4d5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x169a y473d w521 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x169b y473d w4de h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y473e w535 h12f\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Inve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt Ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt (H<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>gs) Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d</div><div class=\"t m0 x41f hbc y408c ff4 fs1c fc1 sc0 ls1a7 ws1e1\">#,~<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1506 y473f w4d5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x169a y473f w521 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x169b y473f w4de h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4740 w536 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Legal<span class=\"_ _1\"></span> &amp; General<span class=\"_ _1\"></span> In<span class=\"_ _1\"></span>vestment<span class=\"_ _1\"></span> Managemen<span class=\"_ _1\"></span>t Limit<span class=\"_ _1\"></span>ed<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1635 y4740 w4c4 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16b5 y4740 w4d3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16b6 y4740 w4cf h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4741 w537 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al L<span class=\"_ _0\"></span>ater L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1646 y4741 w4d5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x319 y4741 w4d3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1643 y4741 w4cf h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4742 w538 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Le<span class=\"_ _0\"></span>isu<span class=\"_ _0\"></span>re Fun<span class=\"_ _0\"></span>d T<span class=\"_ _1\"></span>rus<span class=\"_ _0\"></span>tee L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16b7 y4742 w518 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England a<span class=\"_ _1\"></span>nd Wa<span class=\"_ _1\"></span>les<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1661 y4742 w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1662 y4742 w4da h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4743 w539 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Li<span class=\"_ _0\"></span>fe Fun<span class=\"_ _0\"></span>d Li<span class=\"_ _0\"></span>mite<span class=\"_ _0\"></span>d Pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tn<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>shi<span class=\"_ _0\"></span>p<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16b8 y4743 w4c7 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16b9 y4743 w4c5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws13f\">Partnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16ba y4743 w4de h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4744 w53a h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">Leg<span class=\"_ _0\"></span>al &amp; Gen<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al L<span class=\"_ _1\"></span>TM S<span class=\"_ _0\"></span>tru<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ing (SP<span class=\"_ _0\"></span>V<span class=\"_ _3\"></span>) Limi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16bb y4744 w4fa h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and Wa<span class=\"_ _1\"></span>les<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16bc y4744 w4c8 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1677 y4744 w4cf h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y4745 w53b h1b1\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Mi<span class=\"_ _0\"></span>ddl<span class=\"_ _0\"></span>e Ea<span class=\"_ _0\"></span>st L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ited</div><div class=\"t m0 x434 h5a y4668 ff3 fs1c fc1 sc0 ls1 ws0\">#<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1506 y4746 w4d5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x169a y4746 w521 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x169b y4746 w4de h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y4747 w53c h11a\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws23\">Legal<span class=\"_ _1\"></span> &amp; General<span class=\"_ _1\"></span> Oversea<span class=\"_ _1\"></span>s Operat<span class=\"_ _1\"></span>ions Lim<span class=\"_ _1\"></span>ited</div><div class=\"t m0 x16bd h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">#<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1506 y4748 w4d5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x169a y4748 w521 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x169b y4748 w4de h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y4749 w53c h11a\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tn<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>sh<span class=\"_ _0\"></span>ip Ho<span class=\"_ _0\"></span>ld<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>s Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted</div><div class=\"t m0 x16bd h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">#<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1506 y474a w4d5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x169a y474a w521 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x169b y474a w4de h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y474b w53d h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Legal<span class=\"_ _1\"></span> &amp; General<span class=\"_ _1\"></span> Partnership<span class=\"_ _1\"></span> Ser<span class=\"_ _0\"></span>vices Lim<span class=\"_ _1\"></span>ited<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16be y474b w4d7 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1413 y474b w4c8 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16a2 y474b w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y474c w53e h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Pe<span class=\"_ _0\"></span>nsi<span class=\"_ _0\"></span>on Fu<span class=\"_ _0\"></span>nd T<span class=\"_ _1\"></span>ru<span class=\"_ _0\"></span>ste<span class=\"_ _0\"></span>e Li<span class=\"_ _0\"></span>mite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1674 y474c w4d5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x167e y474c w4c8 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16bf y474c w4cc h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y474d w53f h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Pe<span class=\"_ _0\"></span>nsi<span class=\"_ _0\"></span>on S<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>me T<span class=\"_ _1\"></span>ru<span class=\"_ _0\"></span>ste<span class=\"_ _0\"></span>e Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x166e y474d w4fa h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and Wa<span class=\"_ _1\"></span>les<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x166f y474d w4c8 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1670 y474d w4cf h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y474e w540 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Legal<span class=\"_ _1\"></span> &amp; General<span class=\"_ _1\"></span> Pensi<span class=\"_ _1\"></span>ons Limit<span class=\"_ _1\"></span>ed<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16c0 y474e w4d5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16c1 y474e w4e6 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16c2 y474e w4cc h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y474f w541 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Legal<span class=\"_ _1\"></span> &amp; General<span class=\"_ _1\"></span> Property Limit<span class=\"_ _1\"></span>ed<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16c3 y474f w4d5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16c4 y474f w4d3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16c5 y474f w4cf h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4750 w542 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Legal<span class=\"_ _1\"></span> &amp; General<span class=\"_ _1\"></span> Property Partners (Ind<span class=\"_ _1\"></span>ustrial<span class=\"_ _1\"></span> Fund)<span class=\"_ _1\"></span> Limit<span class=\"_ _1\"></span>ed<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x154f y4750 w4d5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16c6 y4750 w4c8 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16c7 y4750 w4da h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4751 w543 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Legal<span class=\"_ _1\"></span> &amp; General<span class=\"_ _1\"></span> Property Partners (Ind<span class=\"_ _1\"></span>ustrial)<span class=\"_ _1\"></span> Nominees<span class=\"_ _1\"></span> Limited<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15e3 y4751 w4d7 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1685 y4751 w4cb h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1686 y4751 w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4752 w544 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Legal<span class=\"_ _1\"></span> &amp; General<span class=\"_ _1\"></span> Property Partners (IPI<span class=\"_ _1\"></span>F GP<span class=\"_ _1\"></span>) LLP<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16c8 y4752 w4ee h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wale<span class=\"_ _1\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb9d y4752 w4c5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws13f\">Partnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16c9 y4752 w4cf h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4753 w545 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Legal<span class=\"_ _1\"></span> &amp; General<span class=\"_ _1\"></span> Property Partners (Lei<span class=\"_ _1\"></span>sure<span class=\"_ _1\"></span> GP)<span class=\"_ _1\"></span> LLP<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16ca y4753 w4dc h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16cb y4753 w4c5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws13f\">Partnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16cc y4753 w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4754 w546 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Legal<span class=\"_ _1\"></span> &amp; General<span class=\"_ _1\"></span> Property Partners (Lei<span class=\"_ _1\"></span>sure<span class=\"_ _1\"></span>) Li<span class=\"_ _1\"></span>mited<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1674 y4754 w4d7 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1675 y4754 w4cb h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1676 y4754 w4cc h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4755 w547 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Legal<span class=\"_ _1\"></span> &amp; General<span class=\"_ _1\"></span> Property Partners (Lif<span class=\"_ _1\"></span>e F<span class=\"_ _1\"></span>und) Limit<span class=\"_ _1\"></span>ed<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16cd y4755 w518 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1693 y4755 w4cb h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xab0 y4755 w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4756 w548 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Pro<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y P<span class=\"_ _0\"></span>ar<span class=\"_ _3\"></span>tne<span class=\"_ _0\"></span>rs (<span class=\"_ _0\"></span>Life Fu<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>) No<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>e Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16be y4756 w4d7 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1413 y4756 w4c8 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16a2 y4756 w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4757 w549 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Legal<span class=\"_ _1\"></span> &amp; General<span class=\"_ _1\"></span> Property Partners (UK PI<span class=\"_ _1\"></span>F Gear<span class=\"_ _1\"></span>ed) Limit<span class=\"_ _1\"></span>ed<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16ce y4757 w518 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16cf y4757 w4cb h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16d0 y4757 w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4758 w54a h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Legal<span class=\"_ _1\"></span> &amp; General<span class=\"_ _1\"></span> Property Partners (UK PI<span class=\"_ _1\"></span>F) Limited<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16a7 y4758 w4ce h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16a8 y4758 w4cb h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x165b y4758 w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4759 w54b h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Legal<span class=\"_ _1\"></span> &amp; General<span class=\"_ _1\"></span> Property Partners (UKPIF Gea<span class=\"_ _1\"></span>red T<span class=\"_ _4\"></span>wo<span class=\"_ _1\"></span>) Lim<span class=\"_ _1\"></span>ited<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1646 y4759 w4d5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x319 y4759 w4d3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1643 y4759 w4cf h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y475a w54c h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Legal<span class=\"_ _1\"></span> &amp; General<span class=\"_ _1\"></span> Property Partners (UKPIF T<span class=\"_ _4\"></span>wo<span class=\"_ _1\"></span>) Lim<span class=\"_ _1\"></span>ited<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16ce y475a w518 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16cf y475a w4cb h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16d0 y475a w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y475c w54d h1ca\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Re H<span class=\"_ _0\"></span>old<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>gs L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted</div><div class=\"t m0 x5c4 h5a y475b ff3 fs1c fc1 sc0 ls1 ws0\">#<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1506 y475d w4d5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x169a y475d w521 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x169b y475d w4de h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y475e w54e h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Res<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ial (<span class=\"_ _0\"></span>Ho<span class=\"_ _0\"></span>ldc<span class=\"_ _0\"></span>o) Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16d1 y475e w4d7 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16cf y475e w4cb h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16d0 y475e w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y475f w54f h11a\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Res<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>es Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted</div><div class=\"t m0 x16d2 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">#<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1506 y4760 w4d5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x169a y4760 w521 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x169b y4760 w4de h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y4761 w550 h1b1\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Ret<span class=\"_ _0\"></span>ail I<span class=\"_ _0\"></span>nves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s (H<span class=\"_ _0\"></span>old<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>gs) Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d</div><div class=\"t m0 x16d3 h5a y4668 ff3 fs1c fc1 sc0 ls1 ws0\">#<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1506 y4762 w4d5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x169a y4762 w521 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x169b y4762 w4de h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4763 w551 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al S<span class=\"_ _0\"></span>BT<span class=\"_ _0\"></span>R (A<span class=\"_ _0\"></span>sh<span class=\"_ _0\"></span>dow<span class=\"_ _0\"></span>n Ho<span class=\"_ _0\"></span>use 1) Lim<span class=\"_ _0\"></span>ited<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1692 y4763 w4d7 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1693 y4763 w4cb h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xab0 y4763 w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4764 w534 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al S<span class=\"_ _0\"></span>BT<span class=\"_ _0\"></span>R (A<span class=\"_ _0\"></span>sh<span class=\"_ _0\"></span>dow<span class=\"_ _0\"></span>n Ho<span class=\"_ _0\"></span>use 2) L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16d4 y4764 w4e2 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">E<span class=\"_ _0\"></span>ngland and<span class=\"_ _1\"></span> Wale<span class=\"_ _1\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16d5 y4764 w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16d6 y4764 w4cc h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4765 w552 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al S<span class=\"_ _0\"></span>BT<span class=\"_ _0\"></span>R (Crow<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>e 1) Limite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16d7 y4765 w4c7 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">Engl<span class=\"_ _1\"></span>and and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1688 y4765 w4c8 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1689 y4765 w4da h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4766 w553 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al S<span class=\"_ _0\"></span>BT<span class=\"_ _0\"></span>R (Crow<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>e 2) Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x164b y4766 w4dc h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x164c y4766 w4c8 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xab2 y4766 w4cc h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4767 w554 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al S<span class=\"_ _0\"></span>BT<span class=\"_ _0\"></span>R (Ke<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>ley 1) Lim<span class=\"_ _0\"></span>ited<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1635 y4767 w4c4 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16b5 y4767 w4d3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16b6 y4767 w4cf h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4768 w555 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al S<span class=\"_ _0\"></span>BT<span class=\"_ _0\"></span>R (Ke<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>ley 2) L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1542 y4768 w4d7 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1649 y4768 w4c8 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x165d y4768 w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4769 w556 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al S<span class=\"_ _0\"></span>BT<span class=\"_ _0\"></span>R (Sa<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>y L<span class=\"_ _0\"></span>ane 1) Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16d8 y4769 w4c4 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16d9 y4769 w4c8 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16da y4769 w4da h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"t m0 h16 ff8 fs9 fc1 sc0 ls1 ws0 gsa65\">#  <span class=\"_ _5\"> </span>Di<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>y h<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>d by 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.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h16 ff8 fs9 fc1 sc0 ls1 ws0 gsa66\">~   Le<span class=\"_ _0\"></span>ga<span class=\"_ _0\"></span>l &amp; Ge<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al I<span class=\"_ _0\"></span>nv<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt M<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t (<span class=\"_ _0\"></span>Ho<span class=\"_ _0\"></span>ld<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>s) Lim<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d was r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>d to L<span class=\"_ _0\"></span>&amp;<span class=\"_ _0\"></span>G \u2013 A<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et M<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>n 7 M<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>h 20<span class=\"_ _0\"></span>25<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"gs6c8\"><table class=\"s w4bc h1cb\" id=\"_a1eade4d-0342-4e60-ac52-c3ee6f59b189\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x1630 h13 y476a ff5 fs9 fc1 sc0 ls18 ws0\">% of e<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x274 h13 y476b ff5 fs9 fc1 sc0 ls3d ws86\">Country of<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m0 x1630 h13 y476b ff5 fs9 fc1 sc0 ls38 ws3b\">shares held<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 h13 y476c ff5 fs9 fc1 sc0 ls14a ws163\">Company n<span class=\"_ _1\"></span>ame<span class=\"_ _3b2\"> </span></td><td></td><td></td><td class=\"c n x1506 y476d w4bd h12b\"><div class=\"t m0 x1ca h13 y40ef ff5 fs9 fc1 sc0 ls14a ws164\">incorporation<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1631 y476d w4be h12b\"><div class=\"t m0 x1ca h13 y40ef ff5 fs9 fc1 sc0 ls38 ws3b\">Share class<span class=\"_ _3b2\"> </span></div></td><td class=\"t m0 x1630 h13 y476c ff5 fs9 fc1 sc0 ls18 ws0\">by t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>p<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y476e w557 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al S<span class=\"_ _0\"></span>BT<span class=\"_ _0\"></span>R (Sa<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>y L<span class=\"_ _0\"></span>ane 2) L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x1692 y476e w4d7 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1693 y476e w4cb h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xab0 y476e w4c2 h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y476f w558 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al S<span class=\"_ _0\"></span>BT<span class=\"_ _0\"></span>R (S<span class=\"_ _0\"></span>t Ne<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>s) Limi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x16db y476f w4d5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16dc y476f w4e6 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16dd y476f w4cc h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4770 w559 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al S<span class=\"_ _0\"></span>BT<span class=\"_ _0\"></span>R (S<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>nton C<span class=\"_ _0\"></span>ros<span class=\"_ _0\"></span>s 1<span class=\"_ _1\"></span>) Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x16de y4770 w4ca h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16df y4770 w4d3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16e0 y4770 w4cf h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4771 w55a h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al S<span class=\"_ _0\"></span>BT<span class=\"_ _0\"></span>R (S<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>nton C<span class=\"_ _0\"></span>ros<span class=\"_ _0\"></span>s 2) Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x15ed y4771 w4c0 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">E<span class=\"_ _0\"></span>ngland and<span class=\"_ _1\"></span> Wale<span class=\"_ _1\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1654 y4771 w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1655 y4771 w4da h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4772 w55b h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al S<span class=\"_ _0\"></span>BT<span class=\"_ _0\"></span>R (S<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>nton C<span class=\"_ _0\"></span>ros<span class=\"_ _0\"></span>s 3) Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x1652 y4772 w4e2 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">E<span class=\"_ _0\"></span>ngland and<span class=\"_ _1\"></span> Wale<span class=\"_ _1\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa29 y4772 w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1653 y4772 w4cc h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4773 w55b h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al S<span class=\"_ _0\"></span>BT<span class=\"_ _0\"></span>R (S<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>nton C<span class=\"_ _0\"></span>ros<span class=\"_ _0\"></span>s 4) Li<span class=\"_ _0\"></span>mite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x1652 y4773 w4e2 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">E<span class=\"_ _0\"></span>ngland and<span class=\"_ _1\"></span> Wale<span class=\"_ _1\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa29 y4773 w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1653 y4773 w4cc h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4774 w55c h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al S<span class=\"_ _0\"></span>cie<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ce an<span class=\"_ _0\"></span>d T<span class=\"_ _1\"></span>ec<span class=\"_ _0\"></span>h (H<span class=\"_ _0\"></span>old<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>gs) Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x15d8 y4774 w4ce h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1668 y4774 w4cb h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1669 y4774 w4de h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4775 w55d h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al S<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ior L<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>vin<span class=\"_ _0\"></span>g Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x1646 y4775 w4d5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x319 y4775 w4d3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1643 y4775 w4cf h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4776 w55e h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">Leg<span class=\"_ _0\"></span>al &amp; Gen<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al SP<span class=\"_ _0\"></span>V (Ho<span class=\"_ _0\"></span>ld<span class=\"_ _0\"></span>Co) Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x16e1 y4776 w4d7 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16e2 y4776 w4c8 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16e3 y4776 w4c2 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4777 w55f h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al S<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>nt L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing L<span class=\"_ _0\"></span>L<span class=\"_ _0\"></span>P<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x16a7 y4777 w4ce h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16a8 y4777 w4c5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws13f\">Partnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16b6 y4777 w4c2 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4778 w560 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al S<span class=\"_ _0\"></span>ubu<span class=\"_ _0\"></span>rb<span class=\"_ _0\"></span>an B<span class=\"_ _0\"></span>TR (<span class=\"_ _0\"></span>De<span class=\"_ _0\"></span>vel<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt 2) L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x16e4 y4778 w4c0 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">E<span class=\"_ _0\"></span>ngland and<span class=\"_ _1\"></span> Wale<span class=\"_ _1\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1661 y4778 w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1662 y4778 w4da h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4779 w561 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al S<span class=\"_ _0\"></span>ubu<span class=\"_ _0\"></span>rb<span class=\"_ _0\"></span>an B<span class=\"_ _0\"></span>TR (<span class=\"_ _0\"></span>De<span class=\"_ _0\"></span>vel<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt) Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x16cd y4779 w518 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1693 y4779 w4cb h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xab0 y4779 w4c2 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y477a w562 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al S<span class=\"_ _0\"></span>ubu<span class=\"_ _0\"></span>rb<span class=\"_ _0\"></span>an B<span class=\"_ _0\"></span>TR (O<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s) Lim<span class=\"_ _0\"></span>ited<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x1635 y477a w4c4 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16b5 y477a w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1643 y477a w4cf h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y477b w563 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al S<span class=\"_ _0\"></span>ubu<span class=\"_ _0\"></span>rb<span class=\"_ _0\"></span>an B<span class=\"_ _0\"></span>TR (<span class=\"_ _0\"></span>Pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y) L<span class=\"_ _0\"></span>L<span class=\"_ _0\"></span>P<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x16e5 y477b w4ec h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">Engla<span class=\"_ _1\"></span>nd and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16b1 y477b w4c5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws13f\">Partnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xab2 y477b w4c2 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y477c w564 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al S<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>yi<span class=\"_ _0\"></span>ng S<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>vic<span class=\"_ _0\"></span>es L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ited<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x1646 y477c w4d5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x319 y477c w4d3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1643 y477c w4cf h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y477d w565 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al T<span class=\"_ _1\"></span>rus<span class=\"_ _0\"></span>tee<span class=\"_ _0\"></span>s Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x16a7 y477d w4ce h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16a8 y477d w4cb h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x165b y477d w4c2 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y477e w566 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al U<span class=\"_ _0\"></span>K BT<span class=\"_ _0\"></span>R GP L<span class=\"_ _0\"></span>L<span class=\"_ _0\"></span>P<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x165e y477e w4ec h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">Engla<span class=\"_ _1\"></span>nd and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x165f y477e w4c5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws13f\">Partnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16e6 y477e w4c2 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y477f w567 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al U<span class=\"_ _0\"></span>K BT<span class=\"_ _0\"></span>R GP T<span class=\"_ _0\"></span>hr<span class=\"_ _0\"></span>ee L<span class=\"_ _0\"></span>L<span class=\"_ _0\"></span>P<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x16e7 y477f w4ec h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and Wa<span class=\"_ _1\"></span>les<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16e8 y477f w4c5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws13f\">Partnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16e9 y477f w4cf h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4780 w568 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al U<span class=\"_ _0\"></span>K BT<span class=\"_ _0\"></span>R Inve<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t GP L<span class=\"_ _0\"></span>L<span class=\"_ _0\"></span>P<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x155a y4780 w4d5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16ea y4780 w4e9 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws13f\">Par<span class=\"_ _0\"></span>tnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16e0 y4780 w4cf h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4781 w569 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al U<span class=\"_ _0\"></span>K BT<span class=\"_ _0\"></span>R Inve<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t No<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>e Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x1635 y4781 w4c4 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16b5 y4781 w4d3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16b6 y4781 w4cf h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4782 w56a h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al U<span class=\"_ _0\"></span>K PIF Two GP LL<span class=\"_ _0\"></span>P<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x16eb y4782 w4c4 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16ec y4782 w4c1 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws13f\">Par<span class=\"_ _0\"></span>tnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16ba y4782 w4de h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4783 w56b h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al U<span class=\"_ _0\"></span>K So<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>r Inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts (H<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>gs) Li<span class=\"_ _0\"></span>mite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x16ed y4783 w4e2 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">E<span class=\"_ _0\"></span>ngland and<span class=\"_ _1\"></span> Wale<span class=\"_ _1\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16ee y4783 w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1658 y4783 w4cc h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4784 w56c h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">Leg<span class=\"_ _0\"></span>al &amp; Gen<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al UK S<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>tur<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g SP<span class=\"_ _0\"></span>V LL<span class=\"_ _0\"></span>P<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x6c6 y4784 w4c4 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1671 y4784 w4c1 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws13f\">Par<span class=\"_ _0\"></span>tnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16ef y4784 w4de h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4785 w56d h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al an<span class=\"_ _0\"></span>d Ge<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>l Af<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>dab<span class=\"_ _0\"></span>le H<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>es (<span class=\"_ _0\"></span>De<span class=\"_ _0\"></span>vel<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt 3) Li<span class=\"_ _0\"></span>mite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x16f0 y4785 w4ca h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16f1 y4785 w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16f2 y4785 w4cf h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4786 w56e h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws54\">Legal and General<span class=\"_ _1\"></span> Assurance (Pensions Management) Limit<span class=\"_ _1\"></span>ed<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x16f3 y4786 w4dc h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16f4 y4786 w4c8 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x167d y4786 w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4787 w321 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws54\">Legal and General<span class=\"_ _1\"></span> Assurance So<span class=\"_ _0\"></span>ciety Limited<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x16f5 y4787 w4dc h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x796 y4787 w4c8 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16b6 y4787 w4cf h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4788 w56f h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al an<span class=\"_ _0\"></span>d Ge<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>l Br<span class=\"_ _0\"></span>isto<span class=\"_ _0\"></span>l T<span class=\"_ _1\"></span>emp<span class=\"_ _0\"></span>le Is<span class=\"_ _0\"></span>lan<span class=\"_ _0\"></span>d Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x16f3 y4788 w4dc h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16f4 y4788 w4c8 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x167d y4788 w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4789 w570 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al an<span class=\"_ _0\"></span>d Ge<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>l Ca<span class=\"_ _0\"></span>pit<span class=\"_ _0\"></span>al IM C<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>any L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x1659 y4789 w571 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wale<span class=\"_ _1\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16ee y4789 w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1658 y4789 w4cc h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y478a w572 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al an<span class=\"_ _0\"></span>d Ge<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>l Res<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>al (B<span class=\"_ _0\"></span>TR) 1 L<span class=\"_ _0\"></span>L<span class=\"_ _0\"></span>P<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x16e7 y478a w4ec h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and Wa<span class=\"_ _1\"></span>les<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16e8 y478a w4c5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws13f\">Partnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16e9 y478a w4cf h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y478b w572 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al an<span class=\"_ _0\"></span>d Ge<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>l Res<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>al (B<span class=\"_ _0\"></span>TR) 2 L<span class=\"_ _0\"></span>L<span class=\"_ _0\"></span>P<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x16e7 y478b w4ec h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and Wa<span class=\"_ _1\"></span>les<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16e8 y478b w4c5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws13f\">Partnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16e9 y478b w4cf h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y478c w573 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGC<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16f6 y478c w574 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">150<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16f7 y478c w575 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Ric<span class=\"_ _0\"></span>hm<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>d U<span class=\"_ _0\"></span>K Ho<span class=\"_ _0\"></span>ldc<span class=\"_ _0\"></span>o L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1646 y478c w4d5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x319 y478c w4e0 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1640 y478c w4cf h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y478d w573 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">LGC<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16f8 y478d w153 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">265<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16f9 y478d w576 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">S. O<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ge UK Ho<span class=\"_ _0\"></span>ld<span class=\"_ _0\"></span>co Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16fa y478d w4d7 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5cc y478d w4cb h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16c5 y478d w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y478e w577 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGC O<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>as Ho<span class=\"_ _0\"></span>ld<span class=\"_ _0\"></span>co L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x16fb y478e w4d5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16fc y478e w521 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16ba y478e w4de h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y478f w578 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGC T<span class=\"_ _0\"></span>EP U<span class=\"_ _0\"></span>K H<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>dc<span class=\"_ _0\"></span>o Li<span class=\"_ _0\"></span>mite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x1680 y478f w4ce h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England a<span class=\"_ _1\"></span>nd Wa<span class=\"_ _1\"></span>les<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1681 y478f w4c8 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16e0 y478f w4cf h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4790 w579 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGGP E<span class=\"_ _0\"></span>CF (GP) L<span class=\"_ _0\"></span>L<span class=\"_ _0\"></span>P<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x16fd y4790 w4c7 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x796 y4790 w4c5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws13f\">Partnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x167f y4790 w4cf h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4791 w57a h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">LGGP EC<span class=\"_ _0\"></span>F 1 L.P<span class=\"_ _1\"></span>.<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x16f0 y4791 w4ca h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16f1 y4791 w4c1 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws13f\">Par<span class=\"_ _0\"></span>tnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1670 y4791 w4cf h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4792 w57b h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws54\">LGGP Holdings<span class=\"_ _1\"></span> Limited<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x1679 y4792 w4dc h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x167a y4792 w4c8 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16fe y4792 w4da h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4793 w57c h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGGP I<span class=\"_ _0\"></span>nves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s 1 Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x1644 y4793 w4ca h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1645 y4793 w4d3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1640 y4793 w4cf h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4794 w57d h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls113 ws5b\">LGGP<span class=\"_ _1\"></span> Management<span class=\"_ _1\"></span> Limited<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x1647 y4794 w4d5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1698 y4794 w4c8 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1699 y4794 w4da h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4795 w57e h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGGP N<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ee 1 L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x16e7 y4795 w4ec h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and Wa<span class=\"_ _1\"></span>les<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16e8 y4795 w4c8 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x165c y4795 w4cf h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4796 w57e h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGGP N<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ee 2 L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x16e7 y4796 w4ec h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and Wa<span class=\"_ _1\"></span>les<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16e8 y4796 w4c8 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x165c y4796 w4cf h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4797 w57f h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM C<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>mm<span class=\"_ _0\"></span>erc<span class=\"_ _0\"></span>ial L<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>g Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x16de y4797 w4ca h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16df y4797 w4e6 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1682 y4797 w4cc h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4798 w580 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10a ws5a\">LGIM Int<span class=\"_ _1\"></span>ernational Limited<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x16ff y4798 w4ec h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and Wa<span class=\"_ _1\"></span>les<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1700 y4798 w4cb h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16ba y4798 w4de h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4799 w581 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws54\">LGIM R<span class=\"_ _1\"></span>eal Assets (<span class=\"_ _1\"></span>Operator)<span class=\"_ _1\"></span> Limited<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x1641 y4799 w4c7 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1642 y4799 w4c8 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x166b y4799 w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y479a w582 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws54\">LGIM R<span class=\"_ _1\"></span>eal Assets Limit<span class=\"_ _1\"></span>ed<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x16f3 y479a w4dc h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16f4 y479a w4c8 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x167d y479a w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y479b w583 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM S<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>tai<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>ble D<span class=\"_ _0\"></span>C Pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ty Fu<span class=\"_ _0\"></span>nd<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x1701 y479b w4e2 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">E<span class=\"_ _0\"></span>ngland and<span class=\"_ _1\"></span> Wale<span class=\"_ _1\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15ef y479b w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1702 y479b w4cc h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y479c w584 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGP N<span class=\"_ _0\"></span>ewco L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x1646 y479c w4d5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x319 y479c w4d3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1643 y479c w4cf h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y479d w585 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">LGP<span class=\"_ _0\"></span>L No.2 Ltd<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x16b0 y479d w4d7 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16b1 y479d w4c8 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16b2 y479d w4da h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y479e w586 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Life a<span class=\"_ _0\"></span>nd M<span class=\"_ _0\"></span>ind B<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>ldi<span class=\"_ _0\"></span>ng O<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>ford L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x1635 y479e w4c4 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16b5 y479e w4d3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16b6 y479e w4cf h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y479f w587 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Life Fu<span class=\"_ _0\"></span>nd L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d Par<span class=\"_ _3\"></span>tne<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>hip<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x6fa y479f w4c4 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x164d y479f w4c1 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws13f\">Par<span class=\"_ _0\"></span>tnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x164e y479f w4de h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47a0 w588 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LP<span class=\"_ _0\"></span>I Fun<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x6fa y47a0 w4c4 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x164d y47a0 w4d3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1670 y47a0 w4cf h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47a1 w589 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Managed<span class=\"_ _1\"></span> Property Fund<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x16ca y47a1 w4dc h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16cb y47a1 w4c8 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16e6 y47a1 w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47a2 w58a h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Nes<span class=\"_ _0\"></span>t Re<span class=\"_ _0\"></span>sid<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ial G<span class=\"_ _0\"></span>P L<span class=\"_ _0\"></span>LP<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x1663 y47a2 w4d7 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1636 y47a2 w4c5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws13f\">Partnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1637 y47a2 w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47a3 w58b h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">NS<span class=\"_ _0\"></span>C Bu<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>g A Li<span class=\"_ _0\"></span>mite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x1694 y47a3 w4fa h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">Eng<span class=\"_ _1\"></span>land and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1695 y47a3 w4e6 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1696 y47a3 w4cc h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47a4 w58c h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">NS<span class=\"_ _0\"></span>C Bu<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>g B Li<span class=\"_ _0\"></span>mite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x1703 y47a4 w518 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x163c y47a4 w4cb h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16cc y47a4 w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47a5 w58d h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Par<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y E<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>rg<span class=\"_ _0\"></span>y S<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>e Li<span class=\"_ _0\"></span>mite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x1704 y47a5 w4fe h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and Wa<span class=\"_ _1\"></span>les<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1705 y47a5 w4cb h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x167f y47a5 w58e h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">8<span class=\"_ _0\"></span>0.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47a6 w58f h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Performance<span class=\"_ _1\"></span> Retai<span class=\"_ _1\"></span>l (<span class=\"_ _1\"></span>General<span class=\"_ _1\"></span> Partner) Li<span class=\"_ _1\"></span>mited<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x15e3 y47a6 w4d7 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1685 y47a6 w4cb h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1686 y47a6 w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47a7 w590 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws54\">Performance Retail (Nominee)<span class=\"_ _1\"></span> Limited<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x16b0 y47a7 w4d7 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16b1 y47a7 w4c8 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16b2 y47a7 w4da h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47a8 w591 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws54\">Performance Retail Limited<span class=\"_ _1\"></span> Par<span class=\"_ _0\"></span>tnership<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x1706 y47a8 w4c4 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1707 y47a8 w4c1 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws13f\">Par<span class=\"_ _0\"></span>tnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1708 y47a8 w4de h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47a9 w592 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls51 ws1c6\">PRLP<span class=\"_ _1\"></span> GP<span class=\"_ _1\"></span> LLP<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x16b7 y47a9 w4ec h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England a<span class=\"_ _1\"></span>nd Wale<span class=\"_ _1\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16ee y47a9 w4c5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws13f\">Partnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1709 y47a9 w4cf h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47aa w4df h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Rowl<span class=\"_ _0\"></span>ey L<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>e Bo<span class=\"_ _0\"></span>reh<span class=\"_ _0\"></span>amwo<span class=\"_ _0\"></span>od L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x164f y47aa w4ec h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England a<span class=\"_ _1\"></span>nd Wale<span class=\"_ _1\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16d5 y47aa w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16d6 y47aa w4cc h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47ab w593 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Sa<span class=\"_ _0\"></span>pp<span class=\"_ _0\"></span>hir<span class=\"_ _0\"></span>e Cam<span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>s Ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t Co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>any L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ited<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x16f5 y47ab w4dc h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x796 y47ab w594 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">Ordinary and conver<span class=\"_ _0\"></span>tible<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x170a y47ab w595 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 lsb8 ws9f\">9.5<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47ac w596 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing M<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>dic<span class=\"_ _0\"></span>i Ho<span class=\"_ _0\"></span>ld<span class=\"_ _0\"></span>co L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ited<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x167b y47ac w4d7 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x167c y47ac w4cb h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16b4 y47ac w4cc h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47ad w597 h176\"><div class=\"t m0 x1ca hc y445f ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing M<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>dic<span class=\"_ _0\"></span>i Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x1701 y47ad w4e2 h176\"><div class=\"t m0 x1ca hc y445f ff3 fs6 fc1 sc0 ls11e ws5c\">E<span class=\"_ _0\"></span>ngland and<span class=\"_ _1\"></span> Wale<span class=\"_ _1\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15ef y47ad w4e3 h176\"><div class=\"t m0 x1ca hc y445f ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1702 y47ad w4cc h175\"><div class=\"t m0 x1ca hc y445f ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47ae w598 h176\"><div class=\"t m0 x1ca hc y445f ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing U<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ban (<span class=\"_ _0\"></span>Ba<span class=\"_ _0\"></span>th) Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x1644 y47ae w4ca h176\"><div class=\"t m0 x1ca hc y445f ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1645 y47ae w4d3 h176\"><div class=\"t m0 x1ca hc y445f ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1640 y47ae w4cf h175\"><div class=\"t m0 x1ca hc y445f ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47af w599 h176\"><div class=\"t m0 x1ca hc y445f ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing U<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ban (<span class=\"_ _0\"></span>Ep<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>m) Limi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x170b y47af w4fe h176\"><div class=\"t m0 x1ca hc y445f ff3 fs6 fc1 sc0 ls11e ws5c\">Engl<span class=\"_ _1\"></span>and and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1648 y47af w4cb h176\"><div class=\"t m0 x1ca hc y445f ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xab4 y47af w4cc h175\"><div class=\"t m0 x1ca hc y445f ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w59a h176\"><div class=\"t m0 x1ca hc y445f ff3 fs6 fc1 sc0 ls11e ws5c\">Senior Living Urban (Uxbridge<span class=\"_ _1\"></span>)<span class=\"_ _1\"></span> Limited<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x16f0 y40ae w4ca h176\"><div class=\"t m0 x1ca hc y445f ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16f1 y40ae w4d3 h176\"><div class=\"t m0 x1ca hc y445f ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16e3 y40ae w4cf h175\"><div class=\"t m0 x1ca hc y445f ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"gs6c8\"><table class=\"s w4bc h1cc\" id=\"_e52cedf7-9735-4cc1-a769-e8850b0ad466\"><tr><td></td><td></td><td></td><td></td><td class=\"t m0 x1630 h13 y47b0 ff5 fs9 fc1 sc0 ls18 ws0\">% of e<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x274 h13 y47b1 ff5 fs9 fc1 sc0 ls3d ws86\">Country of<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m0 x1630 h13 y47b1 ff5 fs9 fc1 sc0 ls38 ws3b\">shares held<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 h13 y47b2 ff5 fs9 fc1 sc0 ls14a ws163\">Company n<span class=\"_ _1\"></span>ame<span class=\"_ _3b2\"> </span></td><td></td><td class=\"c n x1506 y47b3 w4bd h12b\"><div class=\"t m0 x1ca h13 y40ef ff5 fs9 fc1 sc0 ls14a ws164\">incorporation<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1631 y47b3 w4be h12b\"><div class=\"t m0 x1ca h13 y40ef ff5 fs9 fc1 sc0 ls38 ws3b\">Share class<span class=\"_ _3b2\"> </span></div></td><td class=\"t m0 x1630 h13 y47b2 ff5 fs9 fc1 sc0 ls18 ws0\">by t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>p<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y47b4 w59b h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing U<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ban (<span class=\"_ _0\"></span>Wa<span class=\"_ _0\"></span>lto<span class=\"_ _0\"></span>n) Limi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1638 y47b4 w4c7 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1639 y47b4 w4c8 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x163a y47b4 w4c2 h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47b5 w59c h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">S<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ford Ci<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y Of<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>s (No<span class=\"_ _0\"></span>. 2) <span class=\"_ _1\"></span>Ge<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>ral Pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tn<span class=\"_ _0\"></span>er Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x6c6 y47b5 w4c4 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1671 y47b5 w4c1 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls11b ws13f\">Par<span class=\"_ _0\"></span>tnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16ef y47b5 w4de h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47b6 w59d h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">S<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ford Ci<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y Of<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>s (No<span class=\"_ _0\"></span>. 2) <span class=\"_ _1\"></span>Li<span class=\"_ _0\"></span>mite<span class=\"_ _0\"></span>d Par<span class=\"_ _3\"></span>tne<span class=\"_ _0\"></span>rsh<span class=\"_ _0\"></span>ip<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x154f y47b6 w4d5 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15e1 y47b6 w4e9 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls11b ws13f\">Par<span class=\"_ _0\"></span>tnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1673 y47b6 w4cf h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47b7 w59e h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls1 ws23\">Student Operat<span class=\"_ _1\"></span>ions (<span class=\"_ _1\"></span>Cli<span class=\"_ _1\"></span>fford)<span class=\"_ _1\"></span> Limited<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x16d1 y47b7 w4d7 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16cf y47b7 w4cb h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16d0 y47b7 w4c2 h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47b8 w59f h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls1 ws23\">Student Operat<span class=\"_ _1\"></span>ions (<span class=\"_ _1\"></span>Scotwa<span class=\"_ _1\"></span>y)<span class=\"_ _1\"></span> Limit<span class=\"_ _1\"></span>ed<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x16d4 y47b8 w4e2 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls11e ws5c\">E<span class=\"_ _0\"></span>ngland and<span class=\"_ _1\"></span> Wale<span class=\"_ _1\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16d5 y47b8 w4e3 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16d6 y47b8 w4cc h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47b9 w5a0 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">Su<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>lan<span class=\"_ _0\"></span>d Vaux 1 <span class=\"_ _1\"></span>Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x16be y47b9 w4d7 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1413 y47b9 w4c8 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16a2 y47b9 w4c2 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47ba w5a1 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Th<span class=\"_ _0\"></span>e Sp<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>s Th<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>pe P<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>k Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x164b y47ba w4dc h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x164c y47ba w4c8 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xab2 y47ba w4cc h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47bb w5a2 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">West B<span class=\"_ _0\"></span>ar S<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>are L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x170c y47bb w4d7 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16aa y47bb w4cb h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16ab y47bb w4c2 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47bc w5a3 h128\"><div class=\"t m0 x1ca h13 y4151 ff6 fs9 fc1 sc0 ls18 ws32\">108<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x170d y47bc w5a4 h128\"><div class=\"t m0 x1ca h13 y4151 ff6 fs9 fc1 sc0 ls18 ws32\">La<span class=\"_ _0\"></span>kel<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nd Ave<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>, Dove<span class=\"_ _0\"></span>r, Cou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>y of Ke<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>, De<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>wa<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>, DE 19901, Un<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ed S<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y47bd w5a5 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">An<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ra 26<span class=\"_ _0\"></span>5 S. Ora<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>e Hol<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>gs<span class=\"_ _0\"></span>, LLC<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x15f3 y47bd w5a6 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls52 ws12a\">USA<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16dc y47bd w5a7 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">Me<span class=\"_ _0\"></span>mbership int<span class=\"_ _1\"></span>erests<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16fe y47bd w5a8 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 lsb8 ws9f\">99.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 h13 y47be ff6 fs9 fc1 sc0 ls18 ws32\">12 <span class=\"_ _1\"></span>Ca<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>e St<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t, S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>. He<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>er, Je<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>ey, JE<span class=\"_ _0\"></span>2 3R<span class=\"_ _0\"></span>T<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y47bf w5a9 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Boreham<span class=\"_ _1\"></span>wood Pr<span class=\"_ _1\"></span>opert<span class=\"_ _0\"></span>y Unit<span class=\"_ _1\"></span> T<span class=\"_ _1\"></span>rus<span class=\"_ _1\"></span>t<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x16f0 y47bf w5aa h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">Jersey<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5cc y47bf w507 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws1bc\">Unit<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x170e y47bf w4cf h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 h13 y47c0 ff6 fs9 fc1 sc0 ls18 ws32\">15 <span class=\"_ _1\"></span>Bo<span class=\"_ _0\"></span>ul<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>d F<span class=\"_ _1\"></span>.W. <span class=\"_ _1\"></span>Rai<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n, Lu<span class=\"_ _0\"></span>xe<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>, Gra<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d Du<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>y of Lux<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>bo<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>rg<span class=\"_ _0\"></span>, L-241<span class=\"_ _1\"></span>1<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y47c1 w5ab h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">L&amp;<span class=\"_ _0\"></span>G Car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d Intere<span class=\"_ _0\"></span>st Dig<span class=\"_ _0\"></span>ita<span class=\"_ _0\"></span>l Infra<span class=\"_ _0\"></span>str<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ctu<span class=\"_ _0\"></span>re GP S.<span class=\"_ _0\"></span>a.<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>.l<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1706 y47c1 w5ac h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws141\">Luxembourg<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15ea y47c1 w4e0 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x170f y47c1 w4da h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47c2 w5ad h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 lsea ws27\">L&amp;G Car<span class=\"_ _0\"></span>ried Interest Digital Infrastructure SC<span class=\"_ _0\"></span>Sp<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x16ed y47c2 w5ae h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws141\">Luxembourg<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1710 y47c2 w4e6 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1653 y47c2 w4cc h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47c3 w5af h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">L&amp;<span class=\"_ _0\"></span>G Dig<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>al Infra<span class=\"_ _0\"></span>str<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ctu<span class=\"_ _0\"></span>re Co<span class=\"_ _3\"></span>-I<span class=\"_ _0\"></span>nves<span class=\"_ _0\"></span>t 1 <span class=\"_ _1\"></span>GP S<span class=\"_ _0\"></span>.a<span class=\"_ _0\"></span>.r.l.<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x6c6 y47c3 w5ac h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws141\">Luxembourg<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1711 y47c3 w4e0 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16b2 y47c3 w4da h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47c4 w5b0 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 lsea ws27\">L&amp;G Digital Infrastru<span class=\"_ _0\"></span>cture Co<span class=\"_ _0\"></span>-Invest 1 SC<span class=\"_ _0\"></span>Sp<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x16af y47c4 w5ae h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws141\">Luxembourg<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x28f y47c4 w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16cc y47c4 w4c2 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47c5 w5af h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">L&amp;<span class=\"_ _0\"></span>G Dig<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>al Infra<span class=\"_ _0\"></span>str<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ctu<span class=\"_ _0\"></span>re Co<span class=\"_ _3\"></span>-I<span class=\"_ _0\"></span>nves<span class=\"_ _0\"></span>t 3 <span class=\"_ _1\"></span>GP S<span class=\"_ _0\"></span>.a<span class=\"_ _0\"></span>.r.l.<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x6c6 y47c5 w5ac h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws141\">Luxembourg<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1711 y47c5 w4e0 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16b2 y47c5 w4da h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47c6 w5b0 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 lsea ws27\">L&amp;G Digital Infrastru<span class=\"_ _0\"></span>cture Co<span class=\"_ _0\"></span>-Invest 3 SC<span class=\"_ _0\"></span>Sp<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x16af y47c6 w5ae h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws141\">Luxembourg<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x28f y47c6 w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16cc y47c6 w4c2 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47c7 w5b1 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">L&amp;<span class=\"_ _0\"></span>G Dig<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>al Infra<span class=\"_ _0\"></span>str<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ctu<span class=\"_ _0\"></span>re GP S.<span class=\"_ _0\"></span>a.<span class=\"_ _0\"></span>r.l.<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1638 y47c7 w5b2 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws141\">Lux<span class=\"_ _1\"></span>embourg<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16b5 y47c7 w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1643 y47c7 w4c2 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47c8 w5b3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 lsea ws27\">L&amp;G Digital Infrastru<span class=\"_ _0\"></span>cture SCS<span class=\"_ _0\"></span>p<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x6fa y47c8 w5ac h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws141\">Luxembourg<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x616 y47c8 w4e0 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16da y47c8 w4da h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47c9 w5b4 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">L&amp;<span class=\"_ _0\"></span>G Pri<span class=\"_ _0\"></span>vate Ma<span class=\"_ _0\"></span>rket<span class=\"_ _0\"></span>s SV S.<span class=\"_ _0\"></span>\u00e0.<span class=\"_ _0\"></span>r.l.<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1638 y47c9 w5b2 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws141\">Lux<span class=\"_ _1\"></span>embourg<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16b5 y47c9 w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1643 y47c9 w4c2 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47ca w5b5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L&amp;<span class=\"_ _0\"></span>G S<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t Term Al<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>nat<span class=\"_ _0\"></span>ive F<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e Fun<span class=\"_ _0\"></span>d II<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x164b y47ca w5ac h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws141\">Luxembourg<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16c4 y47ca w4e0 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16e3 y47ca w4c2 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47cb w5b6 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">L&amp;<span class=\"_ _0\"></span>G Um<span class=\"_ _0\"></span>bre<span class=\"_ _0\"></span>lla GP S<span class=\"_ _0\"></span>.\u00e0<span class=\"_ _0\"></span>.r.l.<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x168a y47cb w5ae h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws141\">Luxembourg<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1712 y47cb w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16fe y47cb w4da h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 h13 y47cc ff6 fs9 fc1 sc0 ls18 ws32\">19 <span class=\"_ _1\"></span>Pa<span class=\"_ _0\"></span>r La Vi<span class=\"_ _0\"></span>ll<span class=\"_ _0\"></span>e Roa<span class=\"_ _0\"></span>d, H<span class=\"_ _0\"></span>am<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>, Ber<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>a, H<span class=\"_ _0\"></span>M<span class=\"_ _0\"></span>08<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4741 w5b7 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al A<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ca Re<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1713 y4741 w427 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws11c\">Bermuda<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1714 y4741 w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1715 y4741 w4cc h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47cd w5b8 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Rei<span class=\"_ _0\"></span>nsu<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e Co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>any L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x16d1 y47cd w5b9 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws11c\">B<span class=\"_ _0\"></span>ermuda<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1716 y47cd w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x163a y47cd w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47ce w5ba h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">Leg<span class=\"_ _0\"></span>al &amp; Gen<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Rein<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce Co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>any No.<span class=\"_ _0\"></span>2 Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x16d4 y47ce w5b9 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws11c\">B<span class=\"_ _0\"></span>ermuda<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16f1 y47ce w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16f2 y47ce w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47cf w5bb h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Res<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>es B<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>mu<span class=\"_ _0\"></span>da L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1687 y47cf w5b9 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws11c\">Ber<span class=\"_ _0\"></span>muda<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x642 y47cf w4e0 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1717 y47cf w4da h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 h13 y47d0 ff6 fs9 fc1 sc0 ls18 ws32\">2 Gra<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d Ca<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>l Sq<span class=\"_ _0\"></span>ua<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>, Du<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>in 2<span class=\"_ _0\"></span>, Ir<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>, D0<span class=\"_ _0\"></span>2 A3<span class=\"_ _0\"></span>42<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y47d1 w5bc h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L&amp;<span class=\"_ _0\"></span>G E<span class=\"_ _0\"></span>SG G<span class=\"_ _0\"></span>B<span class=\"_ _0\"></span>P Co<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ate B<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>d 0<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>5 Year UC<span class=\"_ _0\"></span>IT<span class=\"_ _0\"></span>S E<span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>F<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1718 y47d1 w5bd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x169d y47d1 w4d3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x169e y47d1 w5be h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls161 ws17b\">42<span class=\"_ _0\"></span>.6<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47d2 w5bf h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L&amp;<span class=\"_ _0\"></span>G E<span class=\"_ _0\"></span>SG U<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>D C<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>rate B<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>nd U<span class=\"_ _0\"></span>CI<span class=\"_ _0\"></span>TS E<span class=\"_ _3\"></span>TF<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1719 y47d2 w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x171a y47d2 w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16b6 y47d2 w5c0 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls185 ws1a4\">61.<span class=\"_ _0\"></span>3<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47d3 w51f h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L&amp;<span class=\"_ _0\"></span>G In<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>a IN<span class=\"_ _0\"></span>R Gove<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt B<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>d U<span class=\"_ _0\"></span>CI<span class=\"_ _0\"></span>TS E<span class=\"_ _3\"></span>TF<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1697 y47d3 w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1716 y47d3 w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x163a y47d3 w4f0 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls130 ws1a1\">26.3<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 h13 y47d4 ff6 fs9 fc1 sc0 ls18 ws32\">22 Gr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nv<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>le St<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>, St<span class=\"_ _0\"></span>. He<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r, Jer<span class=\"_ _0\"></span>sey, JE<span class=\"_ _0\"></span>4 8PX<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y474d w5c1 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws54\">Clifford Limited<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x169c y474d w5aa h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">Jersey<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1700 y474d w4cb h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1669 y474d w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47d5 w5c2 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al S<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>nt L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x171b y47d5 w5c3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">J<span class=\"_ _0\"></span>ersey<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x171c y47d5 w4e6 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x171d y47d5 w4cc h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47d6 w5c4 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls14f ws118\">S<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>way L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x6fa y47d6 w5aa h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">Jersey<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x163f y47d6 w4c8 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1640 y47d6 w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 h13 y47d7 ff6 fs9 fc1 sc0 ls18 ws32\">22<span class=\"_ _0\"></span>F T<span class=\"_ _1\"></span>or<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n Koto<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>ir<span class=\"_ _0\"></span>a T<span class=\"_ _1\"></span>owe<span class=\"_ _0\"></span>r, <span class=\"_ _1\"></span>1-2-8 T<span class=\"_ _1\"></span>ora<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n, Mi<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>o-<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>u, Toky<span class=\"_ _0\"></span>o, Ja<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>, 105-<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>01<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4751 w5c5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Inve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt Ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt Ja<span class=\"_ _0\"></span>pan K<span class=\"_ _0\"></span>K<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1646 y4751 w253 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10a ws118\">Japan<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x171e y4751 w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xab4 y4751 w4cc h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 h13 y47d8 ff6 fs9 fc1 sc0 ls18 ws32\">23 C<span class=\"_ _0\"></span>hu<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>h S<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>, Leve<span class=\"_ _0\"></span>l 7<span class=\"_ _1\"></span>, Uni<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s 718-<span class=\"_ _1\"></span>19 <span class=\"_ _1\"></span>an<span class=\"_ _0\"></span>d 785<span class=\"_ _0\"></span>, Cap<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>l Sq<span class=\"_ _0\"></span>ua<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>, Si<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>, 049<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>81<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y47d9 w5c6 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">LGIM Si<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>ap<span class=\"_ _0\"></span>ore P<span class=\"_ _0\"></span>te. Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x16fd y47d9 w5c7 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls12c ws140\">Singa<span class=\"_ _0\"></span>pore<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1714 y47d9 w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1715 y47d9 w4cc h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 h13 y47da ff6 fs9 fc1 sc0 ls18 ws32\">2-4<span class=\"_ _0\"></span>, Ru<span class=\"_ _0\"></span>e Eug<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ne Ru<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>, Lu<span class=\"_ _0\"></span>xem<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>g, G<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nd D<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>hy of Lu<span class=\"_ _0\"></span>xe<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>bo<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>, L-<span class=\"_ _1\"></span>24<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>3<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y47db w5c8 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L&amp;<span class=\"_ _0\"></span>G A<span class=\"_ _0\"></span>bs<span class=\"_ _0\"></span>olu<span class=\"_ _0\"></span>te Ret<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>n Bo<span class=\"_ _0\"></span>nd Fu<span class=\"_ _0\"></span>nd<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x16a0 y47db w5ae h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws141\">Luxembourg<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1695 y47db w4e6 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1696 y47db w5c9 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls1a5 ws1df\">91.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47dc wb7 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L&amp;<span class=\"_ _0\"></span>G A<span class=\"_ _0\"></span>lte<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ve Ris<span class=\"_ _0\"></span>k Pre<span class=\"_ _0\"></span>mia Fu<span class=\"_ _0\"></span>nd<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x6fa y47dc w5ac h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws141\">Luxembourg<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x616 y47dc w4e0 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16da y47dc w5ca h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 lsc5 ws1de\">8<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>.7<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47dd w5cb h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L&amp;<span class=\"_ _0\"></span>G B<span class=\"_ _0\"></span>uy &amp; M<span class=\"_ _0\"></span>ain<span class=\"_ _0\"></span>tai<span class=\"_ _0\"></span>n Cre<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t Fun<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x171f y47dd w5b2 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws141\">Lux<span class=\"_ _1\"></span>embourg<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16f1 y47dd w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16f2 y47dd w50a h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls74 ws79\">9<span class=\"_ _3\"></span>7.<span class=\"_ _3\"></span>8<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47de w5cc h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L&amp;<span class=\"_ _0\"></span>G C<span class=\"_ _0\"></span>lim<span class=\"_ _0\"></span>ate Act<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n Gl<span class=\"_ _0\"></span>oba<span class=\"_ _0\"></span>l Equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y Fu<span class=\"_ _0\"></span>nd<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1713 y47de w5cd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws141\">Lux<span class=\"_ _1\"></span>embourg<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x171a y47de w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16b6 y47de w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47df w5ce h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L&amp;<span class=\"_ _0\"></span>G C<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y In<span class=\"_ _0\"></span>dex Fu<span class=\"_ _0\"></span>nd<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1720 y47df w5ae h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws141\">Luxembourg<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1721 y47df w4e6 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1722 y47df w5cf h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls74 ws79\">6<span class=\"_ _0\"></span>7.<span class=\"_ _3\"></span>9<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47e0 w5d0 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L&amp;<span class=\"_ _0\"></span>G E<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>rgi<span class=\"_ _0\"></span>ng M<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>kets Hi<span class=\"_ _0\"></span>gh Y<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>ld B<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>d Fun<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x6c6 y47e0 w5ac h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws141\">Luxembourg<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1711 y47e0 w4e0 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16b2 y47e0 w5d1 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">98.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47e1 w5d2 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L&amp;<span class=\"_ _0\"></span>G E<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>rgi<span class=\"_ _0\"></span>ng M<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>kets Inv<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt G<span class=\"_ _0\"></span>rad<span class=\"_ _0\"></span>e Ha<span class=\"_ _0\"></span>rd Cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>y C<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>rate B<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>d Fun<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x15f3 y47e1 w5ae h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws141\">Luxembourg<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1723 y47e1 w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16c5 y47e1 w505 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls1a6 ws1e0\">6<span class=\"_ _0\"></span>8<span class=\"_ _3\"></span>.9<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47e2 w5d3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L&amp;<span class=\"_ _0\"></span>G Eu<span class=\"_ _0\"></span>ro Hi<span class=\"_ _0\"></span>gh Y<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>ld B<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>d Fun<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1679 y47e2 w5ac h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws141\">Luxembourg<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x165a y47e2 w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x165b y47e2 w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47e3 w5d4 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">L&amp;G Global Divers<span class=\"_ _1\"></span>ified Credit F<span class=\"_ _1\"></span>und<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x16f5 y47e3 w5ac h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws141\">Luxembourg<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1724 y47e3 w514 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1651 y47e3 w508 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls1a6 ws1e0\">5<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>.9<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47e4 w5d5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L&amp;<span class=\"_ _0\"></span>G N<span class=\"_ _0\"></span>et Ze<span class=\"_ _0\"></span>ro Gl<span class=\"_ _0\"></span>ob<span class=\"_ _0\"></span>al C<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>rate B<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>nd Fun<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1646 y47e4 w5ae h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws141\">Luxembourg<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x61a y47e4 w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1699 y47e4 w58e h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">58<span class=\"_ _0\"></span>.4<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47e5 w5d6 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L&amp;<span class=\"_ _0\"></span>G N<span class=\"_ _0\"></span>et Ze<span class=\"_ _0\"></span>ro S<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t D<span class=\"_ _0\"></span>ated C<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>te Bo<span class=\"_ _0\"></span>nd Fu<span class=\"_ _0\"></span>nd<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1542 y47e5 w5ae h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws141\">Luxembourg<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x169d y47e5 w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x167f y47e5 w50a h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls74 ws79\">9<span class=\"_ _3\"></span>7.<span class=\"_ _3\"></span>4<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47e6 w5d7 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L&amp;<span class=\"_ _0\"></span>G U<span class=\"_ _0\"></span>K C<span class=\"_ _0\"></span>ore P<span class=\"_ _0\"></span>lus B<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>d Fun<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x168a y47e6 w5ae h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws141\">Luxembourg<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1712 y47e6 w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16fe y47e6 w4da h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47e7 w5d8 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L&amp;<span class=\"_ _0\"></span>G U<span class=\"_ _0\"></span>S Hi<span class=\"_ _0\"></span>gh Y<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>ld B<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>d Fun<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1690 y47e7 w5ae h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws141\">Luxembourg<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16d5 y47e7 w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16d6 y47e7 w5d9 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 lsb8 ws9f\">99.6<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47e8 w5da h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L&amp;<span class=\"_ _0\"></span>G U<span class=\"_ _0\"></span>S S<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d Fun<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x16ff y47e8 w5ae h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws141\">Luxembourg<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb9d y47e8 w4cb h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1725 y47e8 w4cf h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47e9 w5db h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L&amp;<span class=\"_ _0\"></span>G U<span class=\"_ _0\"></span>S S<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d Plu<span class=\"_ _0\"></span>s Fun<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1674 y47e9 w5ae h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws141\">Luxembourg<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1633 y47e9 w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x166b y47e9 w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 h13 y47ea ff6 fs9 fc1 sc0 ls18 ws32\">28 Es<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>e, S<span class=\"_ _0\"></span>t. He<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>r, Jer<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>y, JE2 3Q<span class=\"_ _0\"></span>A<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4769 w5dc h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">30<span class=\"_ _3\"></span>-3<span class=\"_ _0\"></span>1 Go<span class=\"_ _0\"></span>lde<span class=\"_ _0\"></span>n S<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>are U<span class=\"_ _0\"></span>T<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1635 y4769 w5aa h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">Jersey<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1668 y4769 w507 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws1bc\">Unit<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1726 y4769 w4cf h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"gs6c8\"><table class=\"s w4bc h1cd\" id=\"_4ca93b9a-d046-48b8-a7c6-efe146301e93\"><tr><td></td><td></td><td></td><td></td><td class=\"t m0 x1630 h13 y47eb ff5 fs9 fc1 sc0 ls18 ws0\">% of e<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x274 h13 y47ec ff5 fs9 fc1 sc0 ls3d ws86\">Country of<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m0 x1630 h13 y47ec ff5 fs9 fc1 sc0 ls38 ws3b\">shares held<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 h13 y47ed ff5 fs9 fc1 sc0 ls14a ws163\">Company n<span class=\"_ _1\"></span>ame<span class=\"_ _3b2\"> </span></td><td></td><td class=\"c n x1506 y47ee w4bd h12b\"><div class=\"t m0 x1ca h13 y40ef ff5 fs9 fc1 sc0 ls14a ws164\">incorporation<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1631 y47ee w4be h12b\"><div class=\"t m0 x1ca h13 y40ef ff5 fs9 fc1 sc0 ls38 ws3b\">Share class<span class=\"_ _3b2\"> </span></div></td><td class=\"t m0 x1630 h13 y47ed ff5 fs9 fc1 sc0 ls18 ws0\">by t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>p<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y47ef w5dd h12b\"><div class=\"t m0 x1ca h13 y40ef ff6 fs9 fc1 sc0 ls18 ws32\">32<span class=\"_ _0\"></span>75<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1727 y47ef w5de h12b\"><div class=\"t m0 x1ca h13 y40ef ff6 fs9 fc1 sc0 ls18 ws32\">Ben<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>t Cr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ek Ave<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>, Fre<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ck<span class=\"_ _0\"></span>, M<span class=\"_ _0\"></span>D 21<span class=\"_ _1\"></span>70<span class=\"_ _0\"></span>4, Un<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d St<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y476f w5df h118\" colspan=\"2\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">Banner Life Insurance Company<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x168d y476f w258 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls52 ws12a\">USA<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8f0 y476f w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1676 y476f w4cc h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 h13 y47f0 ff6 fs9 fc1 sc0 ls18 ws32\" colspan=\"2\">33 Si<span class=\"_ _0\"></span>r Jo<span class=\"_ _0\"></span>hn Ro<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>n\u2019s Qu<span class=\"_ _0\"></span>ay, Dub<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>n 2<span class=\"_ _0\"></span>, Ire<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d, D<span class=\"_ _0\"></span>02 X<span class=\"_ _0\"></span>K09<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4771 w5e0 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 lsea ws27\">Euro Liquidity Fund<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1719 y4771 w278 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x171a y4771 w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16b6 y4771 w5e1 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls1a5 ws1df\">5<span class=\"_ _0\"></span>1.<span class=\"_ _0\"></span>4<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4772 w5e2 h118\" colspan=\"2\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L&amp;<span class=\"_ _0\"></span>G E<span class=\"_ _0\"></span>SG G<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>bal H<span class=\"_ _0\"></span>ig<span class=\"_ _0\"></span>h Yi<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>d Bo<span class=\"_ _0\"></span>nd I<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>ex Fun<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16e1 y4772 w5bd h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16dc y4772 w521 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16ef y4772 w5e3 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 lsc5 ws1de\">4<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.7<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47f1 w5e4 h118\" colspan=\"2\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L&amp;<span class=\"_ _0\"></span>G Fro<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>er M<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>kets Eq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y Fund<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1728 y47f1 w278 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1729 y47f1 w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x171d y47f1 w5e5 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 lsc5 ws1de\">42<span class=\"_ _0\"></span>.7<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4774 w5e6 h118\" colspan=\"2\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L&amp;<span class=\"_ _0\"></span>G Fu<span class=\"_ _0\"></span>tur<span class=\"_ _0\"></span>e Worl<span class=\"_ _0\"></span>d ES<span class=\"_ _0\"></span>G E<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>rgi<span class=\"_ _0\"></span>ng M<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>kets G<span class=\"_ _0\"></span>over<span class=\"_ _0\"></span>nm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t Bo<span class=\"_ _0\"></span>nd U<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>D In<span class=\"_ _0\"></span>dex Fu<span class=\"_ _0\"></span>nd<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16c8 y4774 w278 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1710 y4774 w4e6 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1653 y4774 w4cc h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4775 w5e7 h118\" colspan=\"2\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L&amp;<span class=\"_ _0\"></span>G Fu<span class=\"_ _0\"></span>tur<span class=\"_ _0\"></span>e Worl<span class=\"_ _0\"></span>d Gl<span class=\"_ _0\"></span>ob<span class=\"_ _0\"></span>al Cr<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>it Fun<span class=\"_ _0\"></span>d \u2013 U<span class=\"_ _0\"></span>K<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16ac y4775 w278 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x172a y4775 w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16d0 y4775 w4c2 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47f2 w5e8 h118\" colspan=\"2\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L&amp;<span class=\"_ _0\"></span>G Fu<span class=\"_ _0\"></span>tur<span class=\"_ _0\"></span>e Worl<span class=\"_ _0\"></span>d Ne<span class=\"_ _0\"></span>t Ze<span class=\"_ _0\"></span>ro Mat<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ing B<span class=\"_ _0\"></span>uy &amp; M<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>ntai<span class=\"_ _0\"></span>n Fun<span class=\"_ _0\"></span>d 23<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x172b y47f2 w278 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x164d y47f2 w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16ba y47f2 w4c2 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4777 w5e9 h118\" colspan=\"2\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L&amp;<span class=\"_ _0\"></span>G Fu<span class=\"_ _0\"></span>tur<span class=\"_ _0\"></span>e Worl<span class=\"_ _0\"></span>d Ne<span class=\"_ _0\"></span>t Ze<span class=\"_ _0\"></span>ro Mat<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ing B<span class=\"_ _0\"></span>uy &amp; M<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>ntai<span class=\"_ _0\"></span>n Fun<span class=\"_ _0\"></span>d 3<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>42<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1542 y4777 w5bd h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16fc y4777 w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x169e y4777 w4c2 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4778 w5ea h118\" colspan=\"2\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">L&amp;G Global Gov<span class=\"_ _1\"></span>ernment Bond Fund<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16fd y4778 w278 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16c1 y4778 w521 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x164e y4778 w4de h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4779 w5eb h118\" colspan=\"2\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L&amp;<span class=\"_ _0\"></span>G N<span class=\"_ _0\"></span>et Ze<span class=\"_ _0\"></span>ro S<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>rli<span class=\"_ _0\"></span>ng C<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>te Bo<span class=\"_ _0\"></span>nd Fu<span class=\"_ _0\"></span>nd<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1679 y4779 w278 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x172c y4779 w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1634 y4779 w4c2 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y477a w5ec h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>25<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x172d y477a w5ed h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Fi<span class=\"_ _0\"></span>xed Fu<span class=\"_ _0\"></span>nd<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16e4 y477a w278 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1710 y477a w4e6 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1653 y477a w4cc h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y477b w5ec h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>25<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x172d y477b w5ee h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Inf<span class=\"_ _0\"></span>lat<span class=\"_ _0\"></span>ion Fu<span class=\"_ _0\"></span>nd<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x172e y477b w278 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x172f y477b w4e0 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16a2 y477b w4c2 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y477c w5ec h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>25<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x172d y477c w5ef h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Rea<span class=\"_ _0\"></span>l Fund<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1635 y477c w278 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x652 y477c w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1730 y477c w4cc h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47f3 w5ec h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>30<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x172d y47f3 w5f0 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">F<span class=\"_ _0\"></span>ixe<span class=\"_ _0\"></span>d Fun<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1659 y47f3 w278 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa29 y47f3 w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1653 y47f3 w4cc h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y477e w5ec h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>30<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x172d y477e w5f1 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">I<span class=\"_ _0\"></span>nfl<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on Fu<span class=\"_ _0\"></span>nd<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1667 y477e w278 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15e1 y477e w514 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1662 y477e w4da h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y477f w5ec h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>30<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x172d y477f w5f2 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L<span class=\"_ _0\"></span>eve<span class=\"_ _0\"></span>rag<span class=\"_ _0\"></span>ed I<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>ex Li<span class=\"_ _0\"></span>nke<span class=\"_ _0\"></span>d Gil<span class=\"_ _0\"></span>t Fun<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16de y477f w5bd h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1712 y477f w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16fe y477f w4da h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47f4 w5ec h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>30<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x172d y47f4 w5f3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">R<span class=\"_ _0\"></span>eal Fu<span class=\"_ _0\"></span>nd<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1731 y47f4 w278 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x642 y47f4 w4e0 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1717 y47f4 w4da h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4781 w5f4 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>4<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1732 y4781 w5f5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leve<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>d Gil<span class=\"_ _0\"></span>t Fun<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1703 y4781 w5bd h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1723 y4781 w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16c5 y4781 w4c2 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4782 w5f4 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>4<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1732 y4782 w5f6 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leve<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>d Ind<span class=\"_ _0\"></span>ex L<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>ked Gi<span class=\"_ _0\"></span>lt Fu<span class=\"_ _0\"></span>nd<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16de y4782 w5bd h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1712 y4782 w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16fe y4782 w4da h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47f5 w5ec h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>35<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x172d y47f5 w5ed h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">F<span class=\"_ _0\"></span>ixe<span class=\"_ _0\"></span>d Fund<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16e4 y47f5 w278 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1710 y47f5 w4e6 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1653 y47f5 w4cc h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4784 w5ec h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>35<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x172d y4784 w5f7 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Inf<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n Fun<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16f5 y4784 w278 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16a4 y4784 w4e6 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16d6 y4784 w4cc h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4785 w5ec h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>35<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x172d y4785 w5f8 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Re<span class=\"_ _0\"></span>al Fun<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1646 y4785 w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1eb y4785 w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1733 y4785 w4cc h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47f6 w5ec h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>37<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x172d y47f6 w5f6 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Le<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>d In<span class=\"_ _0\"></span>dex L<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>ked G<span class=\"_ _0\"></span>ilt Fu<span class=\"_ _0\"></span>nd<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16a9 y47f6 w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x165a y47f6 w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x165b y47f6 w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4787 w5ec h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>38<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x172d y4787 w5f5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L<span class=\"_ _0\"></span>eve<span class=\"_ _0\"></span>rag<span class=\"_ _0\"></span>ed G<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>t Fund<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x172e y4787 w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x172f y4787 w4e0 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16a2 y4787 w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4788 w5f4 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1732 y4788 w5f9 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">F<span class=\"_ _0\"></span>ixe<span class=\"_ _0\"></span>d Fund<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1659 y4788 w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa29 y4788 w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1653 y4788 w4cc h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47f7 w5f4 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1732 y47f7 w5fa h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Inf<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n Fun<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1680 y47f7 w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x166c y47f7 w514 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1655 y47f7 w4da h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y478a w5f4 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1732 y478a w5fb h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Le<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>ed In<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>x Li<span class=\"_ _0\"></span>nked G<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>t Fund<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1706 y478a w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1734 y478a w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16b4 y478a w4cc h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y478b w5f4 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1732 y478b w5f8 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Re<span class=\"_ _0\"></span>al Fun<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1646 y478b w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1eb y478b w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1733 y478b w4cc h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47f8 w5ec h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>42<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x172d y47f8 w5fc h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Lev<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>d Gil<span class=\"_ _0\"></span>t Fun<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1679 y47f8 w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x172c y47f8 w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1634 y47f8 w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y478d w5ec h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>42<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x172d y478d w5fb h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Lev<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>d In<span class=\"_ _0\"></span>dex L<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>ked Gi<span class=\"_ _0\"></span>lt Fu<span class=\"_ _0\"></span>nd<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1683 y478d w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1735 y478d w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x167d y478d w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y478e w5f4 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>5<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1732 y478e w5f9 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Fi<span class=\"_ _0\"></span>xed Fu<span class=\"_ _0\"></span>nd<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1659 y478e w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa29 y478e w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1653 y478e w4cc h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y478f w5f4 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>5<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1732 y478f w5ee h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Inf<span class=\"_ _0\"></span>lat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n Fund<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1667 y478f w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15e1 y478f w514 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1662 y478f w4da h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4790 w5f4 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>5<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1732 y4790 w5fc h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Lev<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>d Gil<span class=\"_ _0\"></span>t Fun<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1736 y4790 w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16c4 y4790 w4e0 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16e3 y4790 w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4791 w5f4 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>5<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1732 y4791 w5fd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Rea<span class=\"_ _0\"></span>l Fun<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1635 y4791 w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x652 y4791 w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1730 y4791 w4cc h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4792 w5ec h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>47<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x172d y4792 w5f6 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Le<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>d In<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>x Lin<span class=\"_ _0\"></span>ked G<span class=\"_ _0\"></span>ilt Fu<span class=\"_ _0\"></span>nd<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16a9 y4792 w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x165a y4792 w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x165b y4792 w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47f9 w5ec h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>49<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x172d y47f9 w5fc h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Le<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>d Gi<span class=\"_ _0\"></span>lt Fun<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1679 y47f9 w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x172c y47f9 w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1634 y47f9 w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4794 w5ec h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM 2<span class=\"_ _0\"></span>05<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x172d y4794 w5ed h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">F<span class=\"_ _0\"></span>ixe<span class=\"_ _0\"></span>d Fund<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16e4 y4794 w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1710 y4794 w4e6 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1653 y4794 w4cc h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4795 w5ec h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM 2<span class=\"_ _0\"></span>05<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x172d y4795 w5f7 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Inf<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n Fun<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16f5 y4795 w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16a4 y4795 w4e6 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16d6 y4795 w4cc h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47fa w5ec h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM 2<span class=\"_ _0\"></span>05<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x172d y47fa w5fb h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Le<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>ed In<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>x Li<span class=\"_ _0\"></span>nked G<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>t Fund<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1683 y47fa w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1735 y47fa w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x167d y47fa w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4797 w5ec h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM 2<span class=\"_ _0\"></span>05<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x172d y4797 w5f8 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Re<span class=\"_ _0\"></span>al Fun<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1646 y4797 w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1eb y4797 w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1733 y4797 w4cc h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4798 w5ec h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM 2<span class=\"_ _0\"></span>05<span class=\"_ _0\"></span>5<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x172d y4798 w5ed h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Fi<span class=\"_ _0\"></span>xed Fu<span class=\"_ _0\"></span>nd<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16e4 y4798 w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1710 y4798 w4e6 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1653 y4798 w4cc h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47fb w5ec h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM 2<span class=\"_ _0\"></span>05<span class=\"_ _0\"></span>5<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x172d y47fb w5fc h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Lev<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>d Gil<span class=\"_ _0\"></span>t Fun<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1679 y47fb w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x172c y47fb w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1634 y47fb w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y479a w5ec h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM 2<span class=\"_ _0\"></span>05<span class=\"_ _0\"></span>5<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x172d y479a w5fb h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Lev<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>d In<span class=\"_ _0\"></span>dex L<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>ked Gi<span class=\"_ _0\"></span>lt Fu<span class=\"_ _0\"></span>nd<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1683 y479a w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1735 y479a w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x167d y479a w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y479b w5ec h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM 2<span class=\"_ _0\"></span>05<span class=\"_ _0\"></span>5<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x172d y479b w5fd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Rea<span class=\"_ _0\"></span>l Fun<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1635 y479b w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x652 y479b w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1730 y479b w4cc h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47fc w5ec h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>60<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x172d y47fc w5f0 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">F<span class=\"_ _0\"></span>ixe<span class=\"_ _0\"></span>d Fun<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1659 y47fc w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa29 y47fc w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1653 y47fc w4cc h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y479d w5ec h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>60<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x172d y479d w5fe h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">I<span class=\"_ _0\"></span>nf<span class=\"_ _0\"></span>lati<span class=\"_ _0\"></span>on Fu<span class=\"_ _0\"></span>nd<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1737 y479d w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1657 y479d w4e6 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1658 y479d w4cc h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y479e w5ec h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>60<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x172d y479e w5f5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L<span class=\"_ _0\"></span>eve<span class=\"_ _0\"></span>rag<span class=\"_ _0\"></span>ed G<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>t Fund<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x172e y479e w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x172f y479e w4e0 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16a2 y479e w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47fd w5ec h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>60<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x172d y47fd w5f3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">R<span class=\"_ _0\"></span>eal Fu<span class=\"_ _0\"></span>nd<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1731 y47fd w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x642 y47fd w4e0 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1717 y47fd w4da h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47a0 w5ec h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>62<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x172d y47a0 w5f6 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leve<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>d Ind<span class=\"_ _0\"></span>ex L<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>ked Gi<span class=\"_ _0\"></span>lt Fu<span class=\"_ _0\"></span>nd<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16a9 y47a0 w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x165a y47a0 w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x165b y47a0 w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47a1 w5f4 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>8<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1732 y47a1 w5f5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leve<span class=\"_ _0\"></span>rag<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d Gil<span class=\"_ _0\"></span>t Fun<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1703 y47a1 w5bd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1723 y47a1 w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16c5 y47a1 w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47a2 w5f4 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>8<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1732 y47a2 w5f6 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leve<span class=\"_ _0\"></span>rag<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d Ind<span class=\"_ _0\"></span>ex L<span class=\"_ _0\"></span>inke<span class=\"_ _0\"></span>d Gil<span class=\"_ _0\"></span>t Fun<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16de y47a2 w5bd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1712 y47a2 w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16fe y47a2 w4da h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47a3 w5ff h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM 2<span class=\"_ _0\"></span>073<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1738 y47a3 w600 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L<span class=\"_ _0\"></span>eve<span class=\"_ _0\"></span>rag<span class=\"_ _0\"></span>ed G<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>t Fund<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x172e y47a3 w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x172f y47a3 w4e0 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16a2 y47a3 w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47a4 w5ff h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM 2<span class=\"_ _0\"></span>073<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1738 y47a4 w601 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L<span class=\"_ _0\"></span>eve<span class=\"_ _0\"></span>rag<span class=\"_ _0\"></span>ed I<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>ex L<span class=\"_ _0\"></span>inke<span class=\"_ _0\"></span>d Gil<span class=\"_ _0\"></span>t Fun<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16a9 y47a4 w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x165a y47a4 w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x165b y47a4 w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47a5 w602 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM B<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>ke Fun<span class=\"_ _0\"></span>d 1<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1739 y47a5 w5bd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1657 y47a5 w4e6 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1658 y47a5 w603 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47fe w604 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM C<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>dit a<span class=\"_ _0\"></span>nd L<span class=\"_ _0\"></span>iqu<span class=\"_ _0\"></span>idi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y \u2013 Fun<span class=\"_ _0\"></span>d BM<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x169c y47fe w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5da y47fe w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16bf y47fe w4cc h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47a7 w605 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM C<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>dit a<span class=\"_ _0\"></span>nd L<span class=\"_ _0\"></span>iqu<span class=\"_ _0\"></span>idi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y \u2013 Fun<span class=\"_ _0\"></span>d BN<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1692 y47a7 w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16ec y47a7 w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1669 y47a7 w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47a8 w606 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM E<span class=\"_ _0\"></span>uro 2<span class=\"_ _0\"></span>03<span class=\"_ _0\"></span>0 Re<span class=\"_ _0\"></span>al Fu<span class=\"_ _0\"></span>nd<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1663 y47a8 w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16c4 y47a8 w4e0 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16e3 y47a8 w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47ff w607 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM F<span class=\"_ _0\"></span>ixe<span class=\"_ _0\"></span>d Lo<span class=\"_ _0\"></span>ng D<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n Fun<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x169c y47ff w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5da y47ff w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16bf y47ff w4cc h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47aa w608 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM F<span class=\"_ _0\"></span>ixe<span class=\"_ _0\"></span>d S<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t D<span class=\"_ _0\"></span>ura<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n Fun<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x16af y47aa w5bd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x173a y47aa w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1637 y47aa w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47ab w609 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM H<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>ng Fun<span class=\"_ _0\"></span>d AC<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x16f0 y47ab w5bd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7ab y47ab w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16c7 y47ab w4da h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4800 w60a h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM H<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>ng Fun<span class=\"_ _0\"></span>d A<span class=\"_ _0\"></span>I<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x6c6 y4800 w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x173b y4800 w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x173c y4800 w4cc h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47ad w60b h176\"><div class=\"t m0 x1ca hc y445f ff3 fs6 fc1 sc0 ls56 ws0\">LGIM H<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>ng Fun<span class=\"_ _0\"></span>d AO<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x173d y47ad w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x173e y47ad w4d3 h176\"><div class=\"t m0 x1ca hc y445f ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16a6 y47ad w4cf h175\"><div class=\"t m0 x1ca hc y445f ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47ae w60c h176\"><div class=\"t m0 x1ca hc y445f ff3 fs6 fc1 sc0 ls56 ws0\">LGIM H<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>ng Fun<span class=\"_ _0\"></span>d A<span class=\"_ _0\"></span>R<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x173f y47ae w5bd h176\"><div class=\"t m0 x1ca hc y445f ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1695 y47ae w4e6 h176\"><div class=\"t m0 x1ca hc y445f ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1696 y47ae w4cc h175\"><div class=\"t m0 x1ca hc y445f ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4801 w60d h176\"><div class=\"t m0 x1ca hc y445f ff3 fs6 fc1 sc0 ls56 ws0\">LGIM H<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>ng Fun<span class=\"_ _0\"></span>d A<span class=\"_ _0\"></span>S<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x164b y4801 w278 h176\"><div class=\"t m0 x1ca hc y445f ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1723 y4801 w4e3 h176\"><div class=\"t m0 x1ca hc y445f ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16c5 y4801 w4c2 h175\"><div class=\"t m0 x1ca hc y445f ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w60e h176\"><div class=\"t m0 x1ca hc y445f ff3 fs6 fc1 sc0 ls56 ws0\">LGIM H<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>ng Fun<span class=\"_ _0\"></span>d A<span class=\"_ _1\"></span>T<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1646 y40ae w278 h176\"><div class=\"t m0 x1ca hc y445f ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1eb y40ae w4e3 h176\"><div class=\"t m0 x1ca hc y445f ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1733 y40ae w4cc h175\"><div class=\"t m0 x1ca hc y445f ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"gs6c8\"><table class=\"s w4bc h1ce\" id=\"_c184c7b5-6859-4475-942e-14b0ed439f14\"><tr><td></td><td></td><td></td><td></td><td class=\"t m0 x1630 h13 y4802 ff5 fs9 fc1 sc0 ls18 ws0\">% of e<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x274 h13 y4803 ff5 fs9 fc1 sc0 ls3d ws86\">Country of<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m0 x1630 h13 y4803 ff5 fs9 fc1 sc0 ls38 ws3b\">shares held<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 h13 y4804 ff5 fs9 fc1 sc0 ls14a ws163\">Company n<span class=\"_ _1\"></span>ame<span class=\"_ _3b2\"> </span></td><td></td><td class=\"c n x1506 y4805 w4bd h12b\"><div class=\"t m0 x1ca h13 y40ef ff5 fs9 fc1 sc0 ls14a ws164\">incorporation<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1631 y4805 w4be h12b\"><div class=\"t m0 x1ca h13 y40ef ff5 fs9 fc1 sc0 ls38 ws3b\">Share class<span class=\"_ _3b2\"> </span></div></td><td class=\"t m0 x1630 h13 y4804 ff5 fs9 fc1 sc0 ls18 ws0\">by t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>p<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y4806 w60f h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls56 ws0\">LGIM H<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>ng Fun<span class=\"_ _0\"></span>d AW<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1737 y4806 w278 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1657 y4806 w4e6 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1658 y4806 w4cc h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4807 w610 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls56 ws0\">LGIM H<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>ng Fun<span class=\"_ _0\"></span>d A<span class=\"_ _0\"></span>Z<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1647 y4807 w278 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1740 y4807 w4e3 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16ab y4807 w4c2 h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4808 w611 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls56 ws0\">LGIM H<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>ng Fun<span class=\"_ _0\"></span>d BB<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x15df y4808 w278 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1741 y4808 w4e3 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16ae y4808 w4cc h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4809 w612 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls56 ws0\">LGIM H<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>ng Fun<span class=\"_ _0\"></span>d BG<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x16a0 y4809 w278 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1724 y4809 w514 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1651 y4809 w4da h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y480a w613 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls56 ws0\">LGIM H<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>ng Fun<span class=\"_ _0\"></span>d B<span class=\"_ _0\"></span>J<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x173f y480a w5bd h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1695 y480a w4e6 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1696 y480a w4cc h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y480b w614 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM H<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>ng Fun<span class=\"_ _0\"></span>d BL<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x6fa y480b w278 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x171e y480b w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xab4 y480b w4cc h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y480c w615 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM H<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>ng Fun<span class=\"_ _0\"></span>d BT<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x15e8 y480c w278 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16b5 y480c w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1643 y480c w4c2 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y480d w616 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">LGIM He<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>ing Fun<span class=\"_ _0\"></span>d BV<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1663 y480d w278 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16c4 y480d w4e0 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16e3 y480d w4c2 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y480e w617 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM H<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>ng Fun<span class=\"_ _0\"></span>d C<span class=\"_ _0\"></span>J<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x15ed y480e w618 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Irelan<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1714 y480e w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1715 y480e w4cc h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y480f w619 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM H<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>ng Fun<span class=\"_ _0\"></span>d CK<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x168d y480f w278 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1695 y480f w4e6 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1696 y480f w4cc h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4810 w61a h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM H<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>ng Fun<span class=\"_ _0\"></span>d CL<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x169c y4810 w278 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5da y4810 w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16bf y4810 w4cc h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4811 w61b h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM H<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>ng Fun<span class=\"_ _0\"></span>d D<span class=\"_ _0\"></span>C<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1742 y4811 w5bd h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x173e y4811 w4d3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16a6 y4811 w4cf h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4812 w61c h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM H<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>ng Fun<span class=\"_ _0\"></span>d D<span class=\"_ _0\"></span>J<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1667 y4812 w278 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15e1 y4812 w514 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1662 y4812 w4da h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4813 w3b4 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM H<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>ng Fun<span class=\"_ _0\"></span>d DK<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x16fd y4813 w278 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16c1 y4813 w521 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x164e y4813 w4de h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4814 w61d h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM H<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>ng Fun<span class=\"_ _0\"></span>d D<span class=\"_ _0\"></span>O<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x16fb y4814 w278 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x616 y4814 w4e0 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16da y4814 w4da h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4815 w61e h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM H<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>ng Fun<span class=\"_ _0\"></span>d L<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x16cd y4815 w5bd h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x172a y4815 w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16d0 y4815 w4c2 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4816 w61f h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM H<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>ng Fun<span class=\"_ _0\"></span>d O<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x6fa y4816 w278 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x171e y4816 w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xab4 y4816 w4cc h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4817 w61f h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM H<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>ng Fun<span class=\"_ _0\"></span>d Q<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x6fa y4817 w278 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x171e y4817 w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xab4 y4817 w4cc h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4818 w620 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM H<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>ng Fun<span class=\"_ _0\"></span>d W<span class=\"_ _0\"></span>H<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x16fb y4818 w278 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x616 y4818 w4e0 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16da y4818 w4da h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4819 w621 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM H<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>ng Fun<span class=\"_ _0\"></span>d W<span class=\"_ _0\"></span>S<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x16d1 y4819 w278 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1671 y4819 w4d3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1677 y4819 w4cf h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y481a w622 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM H<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>ng Fun<span class=\"_ _0\"></span>d W<span class=\"_ _0\"></span>T<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1692 y481a w278 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16ec y481a w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1669 y481a w4c2 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y481b w623 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM H<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>ng Fun<span class=\"_ _0\"></span>d Z<span class=\"_ _0\"></span>Z<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x16c3 y481b w278 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1fa y481b w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1722 y481b w4cc h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y481c w624 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws54\">LGIM Le<span class=\"_ _1\"></span>veraged Synthetic Equity Fund<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1635 y481c w278 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x652 y481c w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1730 y481c w4cc h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y481d w625 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM L<span class=\"_ _0\"></span>eve<span class=\"_ _0\"></span>rag<span class=\"_ _0\"></span>ed S<span class=\"_ _3\"></span>ynth<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ic Eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y Fu<span class=\"_ _0\"></span>nd \u2013 G<span class=\"_ _0\"></span>BP C<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>ncy H<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>ed Fu<span class=\"_ _0\"></span>nd<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1697 y481d w278 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1716 y481d w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x163a y481d w4c2 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y481e w626 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM M<span class=\"_ _0\"></span>atu<span class=\"_ _0\"></span>rin<span class=\"_ _0\"></span>g Bu<span class=\"_ _0\"></span>y &amp; M<span class=\"_ _0\"></span>aint<span class=\"_ _0\"></span>ain C<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t Fund 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>20<span class=\"_ _3\"></span>-20<span class=\"_ _0\"></span>24<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1743 y481e w627 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ir<span class=\"_ _1\"></span>eland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1744 y481e w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1686 y481e w4c2 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y481f w628 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM M<span class=\"_ _0\"></span>atu<span class=\"_ _0\"></span>rin<span class=\"_ _0\"></span>g Bu<span class=\"_ _0\"></span>y &amp; M<span class=\"_ _0\"></span>aint<span class=\"_ _0\"></span>ain C<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t Fund 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>25<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>20<span class=\"_ _0\"></span>29<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x16ce y481f w5bd h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16b5 y481f w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1643 y481f w4c2 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4820 w629 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM M<span class=\"_ _0\"></span>atu<span class=\"_ _0\"></span>rin<span class=\"_ _0\"></span>g Bu<span class=\"_ _0\"></span>y &amp; M<span class=\"_ _0\"></span>aint<span class=\"_ _0\"></span>ain C<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t Fund 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>30<span class=\"_ _3\"></span>-2<span class=\"_ _0\"></span>03<span class=\"_ _0\"></span>4<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1697 y4820 w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1716 y4820 w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x163a y4820 w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4821 w629 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM M<span class=\"_ _0\"></span>atu<span class=\"_ _0\"></span>rin<span class=\"_ _0\"></span>g Bu<span class=\"_ _0\"></span>y &amp; M<span class=\"_ _0\"></span>aint<span class=\"_ _0\"></span>ain C<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t Fund 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>35<span class=\"_ _3\"></span>-20<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>9<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1697 y4821 w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1716 y4821 w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x163a y4821 w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4822 w62a h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM M<span class=\"_ _0\"></span>atu<span class=\"_ _0\"></span>rin<span class=\"_ _0\"></span>g Bu<span class=\"_ _0\"></span>y &amp; M<span class=\"_ _0\"></span>aint<span class=\"_ _0\"></span>ain C<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t Fund 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>-20<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>4<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1647 y4822 w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1740 y4822 w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16ab y4822 w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4823 w62b h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM Re<span class=\"_ _0\"></span>al L<span class=\"_ _0\"></span>ong D<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on Fu<span class=\"_ _0\"></span>nd<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1739 y4823 w5bd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1657 y4823 w4e6 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1658 y4823 w4cc h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4824 w62c h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM Re<span class=\"_ _0\"></span>al S<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t D<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on Fun<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x169c y4824 w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5da y4824 w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16bf y4824 w4cc h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4825 w62d h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM S<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns Fun<span class=\"_ _0\"></span>d AO<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x16fb y4825 w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x616 y4825 w4e0 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16da y4825 w4da h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4826 w62e h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM S<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns Fun<span class=\"_ _0\"></span>d B<span class=\"_ _0\"></span>B<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x169c y4826 w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5da y4826 w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16bf y4826 w4cc h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4827 w62f h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM S<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns Fun<span class=\"_ _0\"></span>d B<span class=\"_ _0\"></span>K<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1542 y4827 w5bd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16fc y4827 w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x169e y4827 w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4828 w630 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM S<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns Fun<span class=\"_ _0\"></span>d BW<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x16e7 y4828 w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16a4 y4828 w4e6 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16d6 y4828 w4cc h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4829 w631 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM S<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns Fun<span class=\"_ _0\"></span>d CA<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1667 y4829 w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15e1 y4829 w4d3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x168f y4829 w4cf h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y482a w632 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM S<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns Fun<span class=\"_ _0\"></span>d C<span class=\"_ _0\"></span>B<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x16c0 y482a w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1711 y482a w4e0 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16b2 y482a w4da h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y482b w633 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM S<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns Fun<span class=\"_ _0\"></span>d C<span class=\"_ _0\"></span>C<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x16ac y482b w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x172a y482b w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16d0 y482b w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y482c w634 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM S<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns Fun<span class=\"_ _0\"></span>d C<span class=\"_ _0\"></span>F<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x172e y482c w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x172f y482c w4e0 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16a2 y482c w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y482d w635 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM S<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns Fun<span class=\"_ _0\"></span>d C<span class=\"_ _0\"></span>G<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1745 y482d w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16ec y482d w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1669 y482d w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y482e w636 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM S<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns Fun<span class=\"_ _0\"></span>d C<span class=\"_ _0\"></span>H<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x15e8 y482e w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16b5 y482e w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1643 y482e w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y482f w637 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM S<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns Fun<span class=\"_ _0\"></span>d C<span class=\"_ _0\"></span>P<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x6fa y482f w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x171e y482f w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xab4 y482f w4cc h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4830 w638 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM S<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns Fun<span class=\"_ _0\"></span>d C<span class=\"_ _0\"></span>Q<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1746 y4830 w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16df y4830 w4d3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16e0 y4830 w4cf h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4831 w639 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM S<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns Fun<span class=\"_ _0\"></span>d C<span class=\"_ _0\"></span>S<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x16be y4831 w5bd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16c1 y4831 w521 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x164e y4831 w4de h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4832 w63a h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM S<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns Fun<span class=\"_ _0\"></span>d CT<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1663 y4832 w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16c4 y4832 w4e0 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16e3 y4832 w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4833 w63b h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM S<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns Fun<span class=\"_ _0\"></span>d DB<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x15ed y4833 w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1747 y4833 w4e6 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1715 y4833 w4cc h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4834 w620 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM S<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns Fun<span class=\"_ _0\"></span>d DE<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x16fb y4834 w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x616 y4834 w4e0 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16da y4834 w4da h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4835 w63c h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM S<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns Fun<span class=\"_ _0\"></span>d DF<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x16db y4835 w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15ea y4835 w4e0 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x170f y4835 w4da h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4836 w63d h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM S<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns Fun<span class=\"_ _0\"></span>d DH<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x163e y4836 w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x168b y4836 w4d3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1725 y4836 w4cf h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4837 w63e h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM S<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns Fun<span class=\"_ _0\"></span>d DM<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1641 y4837 w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16f1 y4837 w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16f2 y4837 w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4838 w63f h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM S<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns Fun<span class=\"_ _0\"></span>d DN<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x15d8 y4838 w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1671 y4838 w4d3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1677 y4838 w4cf h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4839 w640 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM S<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns Fun<span class=\"_ _0\"></span>d D<span class=\"_ _0\"></span>Q<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x16a1 y4839 w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x319 y4839 w4e0 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1640 y4839 w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y483a w641 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM S<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns Fun<span class=\"_ _0\"></span>d D<span class=\"_ _0\"></span>R<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x166a y483a w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x169d y483a w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x167f y483a w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y483b w642 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM S<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns Fun<span class=\"_ _0\"></span>d D<span class=\"_ _0\"></span>U<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x6fa y483b w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x171e y483b w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xab4 y483b w4cc h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y483c w643 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">LGIM S<span class=\"_ _0\"></span>olu<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>s Fund DV<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x154f y483c w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1748 y483c w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xab6 y483c w4cc h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y483d w644 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM S<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns Fun<span class=\"_ _0\"></span>d DY<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1697 y483d w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1716 y483d w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x163a y483d w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y483e w645 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM S<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns Fun<span class=\"_ _0\"></span>d DZ<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x16af y483e w5bd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x173a y483e w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1637 y483e w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y483f w646 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM S<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns Fun<span class=\"_ _0\"></span>d E<span class=\"_ _3\"></span>A<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x15e3 y483f w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16ea y483f w4d3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x167f y483f w4cf h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4840 w647 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM S<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns Fun<span class=\"_ _0\"></span>d E<span class=\"_ _0\"></span>B<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x16de y4840 w5bd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1712 y4840 w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16fe y4840 w648 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls10d ws11b\">75.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4841 w649 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM S<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns Fun<span class=\"_ _0\"></span>d E<span class=\"_ _0\"></span>E<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x16fb y4841 w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x616 y4841 w4e0 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16da y4841 w5d1 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4842 w645 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM S<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns Fun<span class=\"_ _0\"></span>d EG<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x16af y4842 w5bd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x173a y4842 w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1637 y4842 w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4843 w64a h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM S<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns Fun<span class=\"_ _0\"></span>d E<span class=\"_ _0\"></span>H<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1652 y4843 w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x166f y4843 w4c8 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1670 y4843 w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4844 w64b h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM S<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns Fun<span class=\"_ _0\"></span>d EI<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x16ca y4844 w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16f1 y4844 w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16f2 y4844 w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4845 w21d h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM S<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns Fun<span class=\"_ _0\"></span>d M<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x16d1 y4845 w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1671 y4845 w4d3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1677 y4845 w4cf h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4846 w64c h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws54\">LGIM Synthetic Lev<span class=\"_ _1\"></span>eraged Credit Fund<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x6fa y4846 w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x171e y4846 w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xab4 y4846 w4cc h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4847 w64d h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM U<span class=\"_ _0\"></span>nl<span class=\"_ _0\"></span>eve<span class=\"_ _0\"></span>rag<span class=\"_ _0\"></span>ed D<span class=\"_ _0\"></span>efe<span class=\"_ _0\"></span>nsi<span class=\"_ _0\"></span>ve S<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>nth<span class=\"_ _0\"></span>eti<span class=\"_ _0\"></span>c Equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y Fu<span class=\"_ _0\"></span>nd<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x16ce y4847 w5bd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16b5 y4847 w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1643 y4847 w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4848 w379 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 lsea ws27\">Sterling Liquidi<span class=\"_ _0\"></span>ty Fund<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x16fb y4848 w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x616 y4848 w4e0 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16da y4848 w64e h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">4<span class=\"_ _0\"></span>8.4<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4849 w64f h176\"><div class=\"t m0 x1ca hc y445f ff3 fs6 fc1 sc0 ls55 ws59\">Sterling Liquidit<span class=\"_ _0\"></span>y Plus<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x172e y4849 w278 h176\"><div class=\"t m0 x1ca hc y445f ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x172f y4849 w4e0 h176\"><div class=\"t m0 x1ca hc y445f ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16a2 y4849 w650 h175\"><div class=\"t m0 x1ca hc y445f ff4 fs6 fc1 sc0 lsf3 wsfa\">30<span class=\"_ _0\"></span>.6<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y484a w651 h176\"><div class=\"t m0 x1ca hc y445f ff3 fs6 fc1 sc0 ls56 ws0\">US D<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>lar L<span class=\"_ _0\"></span>iq<span class=\"_ _0\"></span>uid<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y Fun<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1644 y484a w5bd h176\"><div class=\"t m0 x1ca hc y445f ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x61a y484a w4e3 h176\"><div class=\"t m0 x1ca hc y445f ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1699 y484a w508 h175\"><div class=\"t m0 x1ca hc y445f ff4 fs6 fc1 sc0 ls1a6 ws1e0\">5<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>.9<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y484c w5dd h1cf\"><div class=\"t m0 x1ca h13 y484b ff6 fs9 fc1 sc0 ls18 ws32\">35<span class=\"_ _0\"></span>00<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1727 y484c w652 h1cf\"><div class=\"t m0 x1ca h13 y484b ff6 fs9 fc1 sc0 ls18 ws32\">S<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h Du<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>nt H<span class=\"_ _0\"></span>ig<span class=\"_ _0\"></span>hwa<span class=\"_ _0\"></span>y, Cit<span class=\"_ _0\"></span>y of Dove<span class=\"_ _0\"></span>r, Cou<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y of Ken<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>, Del<span class=\"_ _0\"></span>aw<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>e, US<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>, 19901<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y40ae w653 h175\"><div class=\"t m0 x1ca hc y445f ff4 fs6 fc1 sc0 ls56 ws55\">Potom<span class=\"_ _0\"></span>ac Ventu<span class=\"_ _0\"></span>res Nu<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 1 Inc<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x164f y40ae w258 h176\"><div class=\"t m0 x1ca hc y445f ff3 fs6 fc1 sc0 ls52 ws12a\">USA<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15ea y40ae w4e0 h176\"><div class=\"t m0 x1ca hc y445f ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x170f y40ae w4da h175\"><div class=\"t m0 x1ca hc y445f ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"gs6c8\"><table class=\"s w4bc h1d0\" id=\"_966cf3a3-acd2-4d5d-ace4-6a80442727b5\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x1630 h13 y484d ff5 fs9 fc1 sc0 ls18 ws0\">% of e<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x274 h13 y484e ff5 fs9 fc1 sc0 ls3d ws86\">Country of<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m0 x1630 h13 y484e ff5 fs9 fc1 sc0 ls38 ws3b\">shares held<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 h13 y484f ff5 fs9 fc1 sc0 ls14a ws163\">Company n<span class=\"_ _1\"></span>ame<span class=\"_ _3b2\"> </span></td><td></td><td></td><td class=\"c n x1506 y4850 w4bd h12b\"><div class=\"t m0 x1ca h13 y40ef ff5 fs9 fc1 sc0 ls14a ws164\">incorporation<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1631 y4850 w4be h12b\"><div class=\"t m0 x1ca h13 y40ef ff5 fs9 fc1 sc0 ls38 ws3b\">Share class<span class=\"_ _3b2\"> </span></div></td><td class=\"t m0 x1630 h13 y484f ff5 fs9 fc1 sc0 ls18 ws0\">by t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>p<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 h13 y4851 ff6 fs9 fc1 sc0 ls18 ws32\">3r<span class=\"_ _0\"></span>d Flo<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r, 37 Esp<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>e, S<span class=\"_ _0\"></span>t. H<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>r, Jer<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>y, JE1 1AD<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4852 w654 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L&amp;<span class=\"_ _0\"></span>G Af<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rda<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>e Ho<span class=\"_ _0\"></span>usi<span class=\"_ _0\"></span>ng N<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>the<span class=\"_ _0\"></span>rn H<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>dc<span class=\"_ _0\"></span>o Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x16b8 y4852 w5aa h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">Jersey<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16ec y4852 w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1669 y4852 w4c2 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4853 w655 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L&amp;<span class=\"_ _0\"></span>G M<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>d Fun<span class=\"_ _0\"></span>d Ho<span class=\"_ _0\"></span>ldc<span class=\"_ _0\"></span>o L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x1632 y4853 w5aa h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">Jersey<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1723 y4853 w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16c5 y4853 w4c2 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 h13 y4854 ff6 fs9 fc1 sc0 ls18 ws32\">47 Es<span class=\"_ _0\"></span>pl<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ad<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>, St He<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r, Jer<span class=\"_ _0\"></span>sey, JE<span class=\"_ _0\"></span>1 0B<span class=\"_ _0\"></span>D<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4855 w656 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Per<span class=\"_ _3\"></span>form<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce Re<span class=\"_ _0\"></span>tai<span class=\"_ _0\"></span>l Un<span class=\"_ _0\"></span>it T<span class=\"_ _1\"></span>ru<span class=\"_ _0\"></span>st<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x1745 y4855 w657 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">Jerse<span class=\"_ _1\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15ea y4855 w503 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws1bc\">Unit<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xab2 y4855 w4cc h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 h13 y4856 ff6 fs9 fc1 sc0 ls18 ws32\">4t<span class=\"_ _0\"></span>h Flo<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r, <span class=\"_ _1\"></span>1 Ar<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>l Way, Lond<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n, W12 7SL<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4857 w658 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">S<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ford C<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y O<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>es L<span class=\"_ _0\"></span>P<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x16ca y4857 w4dc h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16cb y4857 w4c5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws13f\">Partnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16cc y4857 w4c2 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 h13 y4858 ff6 fs9 fc1 sc0 ls18 ws32\">5 New S<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t Sq<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>e, Lo<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>do<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>, EC<span class=\"_ _0\"></span>4A 3T<span class=\"_ _3\"></span>W<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4859 w659 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws54\">Alfreton Solar Limit<span class=\"_ _1\"></span>ed<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x1646 y4859 w4d5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x319 y4859 w4d3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1643 y4859 w4cf h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y485a w65a h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Be<span class=\"_ _0\"></span>avor G<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>e So<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>r Li<span class=\"_ _0\"></span>mite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x1644 y485a w4ca h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1645 y485a w4d3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1640 y485a w4cf h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y485b w65b h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">Low Farm Solar Limited<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x155a y485b w4d5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16ea y485b w4d3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x167f y485b w4cf h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y485c w65c h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">Siddington Solar Farm Limited<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x164b y485c w4dc h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x164c y485c w4c8 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xab2 y485c w4c2 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 h13 y485d ff6 fs9 fc1 sc0 ls18 ws32\">50 Lo<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hi<span class=\"_ _0\"></span>an Ro<span class=\"_ _0\"></span>ad<span class=\"_ _0\"></span>, Fes<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>al Sq<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>e, Ed<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>nb<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>h, S<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>, EH<span class=\"_ _0\"></span>3 9WJ<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y485e w65d h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">L&amp;<span class=\"_ _0\"></span>G UK Un<span class=\"_ _0\"></span>ive<span class=\"_ _0\"></span>rsi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es Ventur<span class=\"_ _0\"></span>es (Car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y) GP LL<span class=\"_ _0\"></span>P<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x16c8 y485e w65e h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Scotland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1650 y485e w4c5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws13f\">Partnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1749 y485e w4de h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y485f w65f h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">L&amp;<span class=\"_ _0\"></span>G UK Un<span class=\"_ _0\"></span>ive<span class=\"_ _0\"></span>rsi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es Ventur<span class=\"_ _0\"></span>es (Car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y) LP<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x16de y485f w65e h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Scotland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1712 y485f w4c5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws13f\">Partnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1651 y485f w4da h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4860 w660 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">L&amp;<span class=\"_ _0\"></span>G UK Un<span class=\"_ _0\"></span>ive<span class=\"_ _0\"></span>rsi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es Ventur<span class=\"_ _0\"></span>es GP LL<span class=\"_ _0\"></span>P<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x16bb y4860 w65e h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Scotland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x174a y4860 w4c5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws13f\">Partnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x174b y4860 w4cf h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4861 w661 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">L&amp;<span class=\"_ _0\"></span>G UK Un<span class=\"_ _0\"></span>ive<span class=\"_ _0\"></span>rsi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es Ventur<span class=\"_ _0\"></span>es LP<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x1713 y4861 w65e h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Scotland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x171c y4861 w4c1 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws13f\">Par<span class=\"_ _0\"></span>tnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x174c y4861 w4cf h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4862 w662 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">UK P<span class=\"_ _0\"></span>IF FG<span class=\"_ _0\"></span>P L<span class=\"_ _0\"></span>LP<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x16fa y4862 w663 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">S<span class=\"_ _0\"></span>cotland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x174a y4862 w4c5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws13f\">Partnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x174b y4862 w4cf h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4863 w664 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">UK PI<span class=\"_ _0\"></span>F T<span class=\"_ _4\"></span>wo Fo<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r Par<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>r, <span class=\"_ _1\"></span>LP<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x1632 y4863 w663 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">S<span class=\"_ _0\"></span>cotland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7ab y4863 w4c5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws13f\">Partnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x174d y4863 w4cf h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4864 w665 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">UK<span class=\"_ _0\"></span>PI<span class=\"_ _0\"></span>F T<span class=\"_ _1\"></span>wo Fou<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>er G<span class=\"_ _0\"></span>P Li<span class=\"_ _0\"></span>mite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x170c y4864 w663 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">S<span class=\"_ _0\"></span>cotland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x163f y4864 w4c5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws13f\">Partnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1677 y4864 w4cf h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 h13 y4865 ff6 fs9 fc1 sc0 ls18 ws32\">70 Ea<span class=\"_ _0\"></span>st S<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>se H<span class=\"_ _0\"></span>ig<span class=\"_ _0\"></span>hwa<span class=\"_ _0\"></span>y, Sui<span class=\"_ _0\"></span>te 50<span class=\"_ _0\"></span>0, Val<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>y St<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>m, Ne<span class=\"_ _0\"></span>w Y<span class=\"_ _1\"></span>or<span class=\"_ _0\"></span>k 1<span class=\"_ _1\"></span>1581, <span class=\"_ _1\"></span>Un<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d St<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4866 w666 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Wi<span class=\"_ _0\"></span>llia<span class=\"_ _0\"></span>m Pe<span class=\"_ _0\"></span>nn L<span class=\"_ _0\"></span>ife In<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce C<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>ny of Ne<span class=\"_ _0\"></span>w Y<span class=\"_ _1\"></span>or<span class=\"_ _0\"></span>k In<span class=\"_ _0\"></span>c<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x15e3 y4866 w258 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls52 ws12a\">USA<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1fa y4866 w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1722 y4866 w4cc h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 h13 y4867 ff6 fs9 fc1 sc0 ls18 ws32\">70 Sir J<span class=\"_ _0\"></span>oh<span class=\"_ _0\"></span>n Rog<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n Qu<span class=\"_ _0\"></span>ay, Dub<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>n 2, I<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d, D0<span class=\"_ _0\"></span>2 R2<span class=\"_ _0\"></span>96<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4868 w667 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls112 ws1e\">Finovatio<span class=\"_ _0\"></span>n Limi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x171f y4868 w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15da y4868 w668 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">Ordinar<span class=\"_ _0\"></span>y and conver<span class=\"_ _0\"></span>tible<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x174e y4868 w4cf h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4869 w669 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L&amp;<span class=\"_ _0\"></span>G E<span class=\"_ _0\"></span>SG P<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>is A<span class=\"_ _0\"></span>lig<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>d Wor<span class=\"_ _0\"></span>ld Eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y I<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>ex Fun<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x16fb y4869 w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x616 y4869 w4e0 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16da y4869 w66a h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls10d ws11b\">75.6<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y486a w66b h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L&amp;<span class=\"_ _0\"></span>G P<span class=\"_ _0\"></span>riv<span class=\"_ _0\"></span>ate Ma<span class=\"_ _0\"></span>rket<span class=\"_ _0\"></span>s L<span class=\"_ _1\"></span>T<span class=\"_ _1\"></span>AF<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x174f y486a w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1633 y486a w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x166b y486a w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y486b w66c h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L&amp;<span class=\"_ _0\"></span>G Raf<span class=\"_ _0\"></span>i M<span class=\"_ _0\"></span>ult<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>Fac<span class=\"_ _0\"></span>tor C<span class=\"_ _0\"></span>lim<span class=\"_ _0\"></span>ate T<span class=\"_ _1\"></span>rans<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>on I<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>ex Fun<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x171f y486b w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15da y486b w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1750 y486b w5ca h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 lsc5 ws1de\">9<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>.7<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y486c w66d h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws54\">LGIM Managers<span class=\"_ _1\"></span> (Europe)<span class=\"_ _1\"></span> Limited<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x155a y486c w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8f0 y486c w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1676 y486c w4cc h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 h13 y486d ff6 fs9 fc1 sc0 ls18 ws32\">8 Rue Lo<span class=\"_ _0\"></span>u He<span class=\"_ _0\"></span>mm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r, Sen<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>rb<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>rg<span class=\"_ _0\"></span>, Gr<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d Du<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>hy of Lu<span class=\"_ _0\"></span>xe<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>g, L-1<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>48<span class=\"_ _0\"></span> </td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y486e w66e h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">L&amp;<span class=\"_ _0\"></span>G NT<span class=\"_ _0\"></span>R Cle<span class=\"_ _0\"></span>an Powe<span class=\"_ _0\"></span>r GP S.<span class=\"_ _0\"></span>\u00e0.r.l.<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x1697 y486e w5ac h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws141\">Luxembourg<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1740 y486e w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16ab y486e w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y486f w66f h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">LGIM Cl<span class=\"_ _0\"></span>ean Powe<span class=\"_ _0\"></span>r Gen<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Par<span class=\"_ _3\"></span>tne<span class=\"_ _0\"></span>r S.<span class=\"_ _0\"></span>\u00e0.<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>.l<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x16c8 y486f w5ae h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws141\">Luxembourg<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1751 y486f w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1696 y486f w4cc h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4870 w670 h11d\"><div class=\"t m0 x1ca h13 y4151 ff6 fs9 fc1 sc0 ls18 ws32\">83<span class=\"_ _0\"></span>8<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1752 y4870 w671 h11d\"><div class=\"t m0 x1ca h13 y4151 ff6 fs9 fc1 sc0 ls18 ws32\">Wal<span class=\"_ _0\"></span>ker Ro<span class=\"_ _0\"></span>ad<span class=\"_ _0\"></span>, Su<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>e 21-2, Dove<span class=\"_ _0\"></span>r, DE 1<span class=\"_ _1\"></span>99<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>4, Un<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d St<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4871 w672 h11c\" colspan=\"2\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">An<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ra 1<span class=\"_ _1\"></span>5<span class=\"_ _0\"></span>0 Rich<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>nd Ho<span class=\"_ _0\"></span>ld<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>s, L<span class=\"_ _0\"></span>LC<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x16fa y4871 w673 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls52 ws12a\">US<span class=\"_ _0\"></span>A<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x616 y4871 w674 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">Membership int<span class=\"_ _1\"></span>erests<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x165b y4871 w675 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls5b ws1b0\">98<span class=\"_ _0\"></span>.5<span class=\"_ _3b2\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"t m0 x26b h1a y4872 ff3 fs6 fc1 sc0 ls56 ws0\">Cla<span class=\"_ _0\"></span>ss A an<span class=\"_ _0\"></span>d B me<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>sh<span class=\"_ _0\"></span>ip </td><td></td></tr><tr><td class=\"c n x1cb y4873 w676 h11c\" colspan=\"2\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">An<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ra 1<span class=\"_ _1\"></span>5<span class=\"_ _0\"></span>0 Rich<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>nd J<span class=\"_ _0\"></span>V<span class=\"_ _1\"></span>, LLC<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1731 y4873 w258 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls52 ws12a\">USA<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1753 y4873 w677 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls14f ws1bf\">In<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>ts<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1754 y4873 w675 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls5b ws1b0\">98<span class=\"_ _0\"></span>.5<span class=\"_ _3b2\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"t m0 x26b h1a y4874 ff3 fs6 fc1 sc0 ls56 ws0\">Cla<span class=\"_ _0\"></span>ss A an<span class=\"_ _0\"></span>d B me<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>sh<span class=\"_ _0\"></span>ip </td><td></td></tr><tr><td class=\"c n x1cb y4875 w678 h11c\" colspan=\"2\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">An<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ra 26<span class=\"_ _0\"></span>5 S. Ora<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>e JV, <span class=\"_ _1\"></span>LLC<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1755 y4875 w258 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls52 ws12a\">USA<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1753 y4875 w677 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls14f ws1bf\">In<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>ts<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1754 y4875 w5a8 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 lsb8 ws9f\">9<span class=\"_ _0\"></span>9.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4876 w679 h11c\" colspan=\"2\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">An<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ra Inve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts<span class=\"_ _0\"></span>, LLC<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x16a1 y4876 w258 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls52 ws12a\">USA<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16d5 y4876 w4c8 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16c9 y4876 w64e h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">5<span class=\"_ _0\"></span>0.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4877 w67a h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">An<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ra L<span class=\"_ _0\"></span>&amp;G<span class=\"_ _0\"></span>, LLC<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x16bb y4877 w258 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls52 ws12a\">USA<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5da y4877 w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16bf y4877 w5d1 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4878 w67b h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">An<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ra Pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tn<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s, L<span class=\"_ _0\"></span>LC<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x16a0 y4878 w673 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls52 ws12a\">US<span class=\"_ _0\"></span>A<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1711 y4878 w4e0 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16b2 y4878 w5d1 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4879 w67c h11c\" colspan=\"2\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">An<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ra T<span class=\"_ _0\"></span>EP Ho<span class=\"_ _0\"></span>ldi<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>s, L<span class=\"_ _0\"></span>LC<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1678 y4879 w258 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls52 ws12a\">USA<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16a8 y4879 w4cb h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x165b y4879 w5a8 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 lsb8 ws9f\">9<span class=\"_ _0\"></span>9.8<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y487a w67d h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">An<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ra T<span class=\"_ _0\"></span>EP J<span class=\"_ _0\"></span>V<span class=\"_ _1\"></span>, LLC<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x1756 y487a w5a6 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls52 ws12a\">USA<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14c0 y487a w67e h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Clas<span class=\"_ _0\"></span>s A and C<span class=\"_ _0\"></span>las<span class=\"_ _0\"></span>s B sh<span class=\"_ _0\"></span>ares<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1717 y487a w67f h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 lsb8 ws9f\">99.<span class=\"_ _0\"></span>8<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y487b w680 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">PV<span class=\"_ _0\"></span>D In<span class=\"_ _0\"></span>cub<span class=\"_ _0\"></span>ator, LLC<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x16fb y487b w258 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls52 ws12a\">USA<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1757 y487b w674 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">Membership inter<span class=\"_ _1\"></span>ests<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16ef y487b w4de h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y487c w670 h11d\"><div class=\"t m0 x1ca h13 y4151 ff6 fs9 fc1 sc0 ls18 ws32\">85<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1752 y487c w681 h11d\"><div class=\"t m0 x1ca h13 y4151 ff6 fs9 fc1 sc0 ls18 ws32\">New Bu<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>on Ro<span class=\"_ _0\"></span>ad<span class=\"_ _0\"></span>, Su<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>e 201, Dove<span class=\"_ _0\"></span>r, Del<span class=\"_ _0\"></span>awa<span class=\"_ _0\"></span>re 1990<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>, Un<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d S<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y487d w682 h11b\" colspan=\"2\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">An<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ra C<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>mm<span class=\"_ _0\"></span>uni<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y Im<span class=\"_ _0\"></span>pac<span class=\"_ _0\"></span>t CD<span class=\"_ _0\"></span>E L<span class=\"_ _0\"></span>LC<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1674 y487d w258 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls52 ws12a\">USA<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16ea y487d w4e0 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x165c y487d w64e h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">5<span class=\"_ _0\"></span>0.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y487e w683 h11c\" colspan=\"2\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">Che<span class=\"_ _0\"></span>sa<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ake Ventur<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, LLC<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1739 y487e w5a6 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls52 ws12a\">USA<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x61a y487e w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1699 y487e w4da h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y487f w684 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">FB<span class=\"_ _0\"></span>V Fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>-1<span class=\"_ _1\"></span>, LLC<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x1713 y487f w258 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls52 ws12a\">USA<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16e8 y487f w4c8 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x165c y487f w4cf h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4880 w685 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">FB<span class=\"_ _0\"></span>V Fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>-2<span class=\"_ _0\"></span>, LLC<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x1656 y4880 w258 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls52 ws12a\">USA<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16f1 y4880 w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16f2 y4880 w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4881 w685 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">FB<span class=\"_ _0\"></span>V Fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>-3<span class=\"_ _0\"></span>, LLC<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x1656 y4881 w258 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls52 ws12a\">USA<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16f1 y4881 w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16f2 y4881 w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4882 w686 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">FB<span class=\"_ _0\"></span>V Fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>, LLC<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x154f y4882 w258 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls52 ws12a\">USA<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16ec y4882 w674 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">Membership intere<span class=\"_ _1\"></span>sts<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1666 y4882 w4cf h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4883 w687 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">FB<span class=\"_ _0\"></span>V Fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>-5<span class=\"_ _0\"></span>, L<span class=\"_ _0\"></span>LC<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x1656 y4883 w258 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls52 ws12a\">USA<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16f1 y4883 w688 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">Membership intere<span class=\"_ _1\"></span>sts<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x174e y4883 w4cf h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4884 w689 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L&amp;<span class=\"_ _0\"></span>G 765<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1758 y4884 w68a h11b\" colspan=\"2\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">A<span class=\"_ _0\"></span>dam<span class=\"_ _0\"></span>s Ho<span class=\"_ _0\"></span>ld<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>s LL<span class=\"_ _0\"></span>C<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15f3 y4884 w5a6 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls52 ws12a\">USA<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16dc y4884 w5a7 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">Me<span class=\"_ _0\"></span>mbership int<span class=\"_ _1\"></span>erests<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1676 y4884 w4cc h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4885 w689 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L&amp;<span class=\"_ _0\"></span>G 765<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1758 y4885 w68b h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">A<span class=\"_ _0\"></span>dam<span class=\"_ _0\"></span>s L<span class=\"_ _0\"></span>LC<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1691 y4885 w258 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls52 ws12a\">USA<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1700 y4885 w68c h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">Membership in<span class=\"_ _1\"></span>terests<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1759 y4885 w4de h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4886 w68d h11c\" colspan=\"2\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">Leg<span class=\"_ _0\"></span>al &amp; Gen<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al US Real Es<span class=\"_ _0\"></span>tate Equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y Ho<span class=\"_ _0\"></span>ldi<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>, LLC<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x167b y4886 w258 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls52 ws12a\">USA<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1707 y4886 w68e h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">Me<span class=\"_ _0\"></span>mbership int<span class=\"_ _1\"></span>erests<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16bf y4886 w4cc h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 h13 y4887 ff6 fs9 fc1 sc0 ls18 ws32\" colspan=\"2\">Ap<span class=\"_ _0\"></span>ex G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up<span class=\"_ _0\"></span>, IFC 5, S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>. He<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>er, Je<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>ey, JE1 1ST<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4888 w68f h11b\" colspan=\"2\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Bishops<span class=\"_ _1\"></span>gat<span class=\"_ _1\"></span>e Long<span class=\"_ _1\"></span> T<span class=\"_ _4\"></span>erm Propert<span class=\"_ _0\"></span>y Fun<span class=\"_ _1\"></span>d General<span class=\"_ _1\"></span> Partner Limit<span class=\"_ _1\"></span>ed<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x16fb y4888 w5aa h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">Jersey<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x166f y4888 w4c8 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16f2 y4888 w4cf h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 h13 y4889 ff6 fs9 fc1 sc0 ls18 ws32\" colspan=\"2\">Az<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ec G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up H<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>, IF<span class=\"_ _0\"></span>C6<span class=\"_ _0\"></span>, Th<span class=\"_ _0\"></span>e Es<span class=\"_ _0\"></span>pl<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ad<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>, St<span class=\"_ _0\"></span>. He<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>er, Je<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>ey, JE<span class=\"_ _0\"></span>4 0Q<span class=\"_ _0\"></span>H<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y488a w690 h11b\" colspan=\"2\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Access De<span class=\"_ _1\"></span>velopment<span class=\"_ _1\"></span> General<span class=\"_ _1\"></span> Partner Limit<span class=\"_ _1\"></span>ed<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x170b y488a w657 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">Jers<span class=\"_ _1\"></span>ey<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1654 y488a w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1655 y488a w4da h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y488b w691 h11b\" colspan=\"2\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Access De<span class=\"_ _1\"></span>velopment<span class=\"_ _1\"></span> II Ge<span class=\"_ _1\"></span>neral Pa<span class=\"_ _1\"></span>r<span class=\"_ _0\"></span>tner Lim<span class=\"_ _1\"></span>ited<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x175a y488b w5aa h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">Jersey<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14cf y488b w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xab2 y488b w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y488c w692 h11c\" colspan=\"2\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">Vanta<span class=\"_ _0\"></span>ge Ge<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>ral Par<span class=\"_ _3\"></span>tne<span class=\"_ _0\"></span>r Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1680 y488c w5aa h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">Jersey<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16df y488c w4c1 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws13f\">Par<span class=\"_ _0\"></span>tnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1726 y488c w4cf h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 h13 y488d ff6 fs9 fc1 sc0 ls18 ws32\" colspan=\"2\">Co<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n T<span class=\"_ _1\"></span>rus<span class=\"_ _0\"></span>t Ce<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r, 1<span class=\"_ _1\"></span>20<span class=\"_ _0\"></span>9 Ora<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ge S<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>, Wi<span class=\"_ _0\"></span>lm<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>n, C<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>y of N<span class=\"_ _0\"></span>ew Ca<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>e, De<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>wa<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>, 19801, Uni<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d St<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y47ab w693 h11c\" colspan=\"2\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">Leg<span class=\"_ _0\"></span>al &amp; Gen<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Am<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>a Inc.<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x169c y47ab w258 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls52 ws12a\">USA<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1633 y47ab w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x166b y47ab w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47ac w694 h11c\" colspan=\"2\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">Leg<span class=\"_ _0\"></span>al &amp; Gen<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt Ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t Am<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>a Inc.<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x167b y47ac w258 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls52 ws12a\">USA<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1707 y47ac w514 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x175b y47ac w4da h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4722 w695 h11c\" colspan=\"2\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">Leg<span class=\"_ _0\"></span>al &amp; Gen<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt Ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t Uni<span class=\"_ _0\"></span>ted S<span class=\"_ _0\"></span>tates (H<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>gs), Inc<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x16e4 y4722 w673 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls52 ws12a\">US<span class=\"_ _0\"></span>A<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1734 y4722 w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16b4 y4722 w4cc h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47ae w573 h175\"><div class=\"t m0 x1ca hc y445f ff4 fs6 fc1 sc0 ls56 ws55\">LGC<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16f8 y47ae w696 h175\"><div class=\"t m0 x1ca hc y445f ff4 fs6 fc1 sc0 ls56 ws55\">1<span class=\"_ _1\"></span>50<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x175c y47ae w697 h175\"><div class=\"t m0 x1ca hc y445f ff4 fs6 fc1 sc0 ls56 ws55\">Ric<span class=\"_ _0\"></span>hm<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>d US Ho<span class=\"_ _0\"></span>ldc<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>, LLC<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x166a y47ae w258 h176\"><div class=\"t m0 x1ca hc y445f ff3 fs6 fc1 sc0 ls52 ws12a\">USA<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1729 y47ae w688 h176\"><div class=\"t m0 x1ca hc y445f ff3 fs6 fc1 sc0 ls11e ws5c\">Membership int<span class=\"_ _1\"></span>erests<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1637 y47ae w4c2 h175\"><div class=\"t m0 x1ca hc y445f ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47af w573 h175\"><div class=\"t m0 x1ca hc y445f ff4 fs6 fc1 sc0 ls56 ws55\">LGC<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16f8 y47af w153 h175\"><div class=\"t m0 x1ca hc y445f ff4 fs6 fc1 sc0 ls56 ws55\">265<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16f9 y47af w698 h175\"><div class=\"t m0 x1ca hc y445f ff4 fs6 fc1 sc0 ls56 ws55\">S. O<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ge US Ho<span class=\"_ _0\"></span>ld<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>, LLC<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16b8 y47af w258 h176\"><div class=\"t m0 x1ca hc y445f ff3 fs6 fc1 sc0 ls52 ws12a\">USA<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x175d y47af w674 h176\"><div class=\"t m0 x1ca hc y445f ff3 fs6 fc1 sc0 ls11e ws5c\">Membership int<span class=\"_ _1\"></span>erests<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16ab y47af w4c2 h175\"><div class=\"t m0 x1ca hc y445f ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w699 h175\"><div class=\"t m0 x1ca hc y445f ff4 fs6 fc1 sc0 ls56 ws55\">LGC US Ho<span class=\"_ _0\"></span>ld<span class=\"_ _0\"></span>co 1 Inc.<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x1679 y40ae w258 h176\"><div class=\"t m0 x1ca hc y445f ff3 fs6 fc1 sc0 ls52 ws12a\">USA<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16df y40ae w4d3 h176\"><div class=\"t m0 x1ca hc y445f ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16e0 y40ae w4cf h175\"><div class=\"t m0 x1ca hc y445f ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"gs6c8\"><table class=\"s w4bc h1d1\" id=\"_66e3448d-7bac-4f7f-b20b-00b550a82f70\"><tr><td></td><td></td><td></td><td class=\"t m0 x1630 h13 y488e ff5 fs9 fc1 sc0 ls18 ws0\">% of e<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m0 x274 h13 y488f ff5 fs9 fc1 sc0 ls3d ws86\">Country of<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m0 x1630 h13 y488f ff5 fs9 fc1 sc0 ls38 ws3b\">shares held<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 h13 y4890 ff5 fs9 fc1 sc0 ls14a ws163\">Company n<span class=\"_ _1\"></span>ame<span class=\"_ _3b2\"> </span></td><td class=\"c n x1506 y4891 w4bd h12b\"><div class=\"t m0 x1ca h13 y40ef ff5 fs9 fc1 sc0 ls14a ws164\">incorporation<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1631 y4891 w4be h12b\"><div class=\"t m0 x1ca h13 y40ef ff5 fs9 fc1 sc0 ls38 ws3b\">Share class<span class=\"_ _3b2\"> </span></div></td><td class=\"t m0 x1630 h13 y4890 ff5 fs9 fc1 sc0 ls18 ws0\">by t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>p<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y4892 w699 h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">LGC US Ho<span class=\"_ _0\"></span>ld<span class=\"_ _0\"></span>co 2 Inc.<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1679 y4892 w258 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls52 ws12a\">USA<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16df y4892 w4d3 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16e0 y4892 w4cf h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 h13 y4893 ff6 fs9 fc1 sc0 ls18 ws32\">Eu<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>a Hou<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e, 20 Es<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>e, Sc<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>h, N<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h Yorks<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>ir<span class=\"_ _0\"></span>e, YO1<span class=\"_ _1\"></span>1 2AQ<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4894 w69a h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls1 ws23\">T P<span class=\"_ _1\"></span> Property Ser<span class=\"_ _0\"></span>vices Limit<span class=\"_ _1\"></span>ed<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1638 y4894 w4c7 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1639 y4894 w4c8 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x163a y4894 w650 h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 lsf3 wsfa\">52<span class=\"_ _0\"></span>.6<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4895 w69b h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls56 ws0\">Th<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>pe P<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>k 3175 Limi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x168a y4895 w4d5 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x168b y4895 w514 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x168c y4895 w69c h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 lsf3 wsfa\">52.6<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4896 w69d h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls11b ws2a\">Thorpe Park Dev<span class=\"_ _1\"></span>elopments Limit<span class=\"_ _1\"></span>ed<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x169c y4896 w4c4 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x169d y4896 w4d3 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x169e y4896 w650 h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 lsf3 wsfa\">52<span class=\"_ _0\"></span>.6<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4897 w69e h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Th<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>pe P<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>k Ho<span class=\"_ _0\"></span>ld<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>s Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16ca y4897 w4dc h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16cb y4897 w69f h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">Ordinary and deferred<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x174b y4897 w650 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 lsf3 wsfa\">52<span class=\"_ _0\"></span>.6<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 h13 y4898 ff6 fs9 fc1 sc0 ls18 ws32\">Li<span class=\"_ _0\"></span>me Gr<span class=\"_ _0\"></span>ove H<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>, Gr<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n S<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>, St He<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>r, Jer<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>y, JE1 2S<span class=\"_ _0\"></span>T<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4899 w6a0 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">SC<span class=\"_ _0\"></span>B<span class=\"_ _0\"></span>D S6 Trust<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x173f y4899 w5aa h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">Jersey<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15da y4899 w507 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws1bc\">Unit<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16d0 y4899 w4c2 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y489a w6a1 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">S<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ford C<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y O<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>es Je<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>ey U<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>t T<span class=\"_ _1\"></span>rus<span class=\"_ _0\"></span>t<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x171b y489a w5c3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">J<span class=\"_ _0\"></span>ersey<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x171c y489a w4f7 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws1bc\">U<span class=\"_ _0\"></span>nit<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16c7 y489a w4da h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y489b w6a2 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">S<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ford Ci<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y Of<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>s Jer<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>y Unit T<span class=\"_ _1\"></span>rus<span class=\"_ _0\"></span>t (No<span class=\"_ _0\"></span>. 2)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16ca y489b w5aa h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">Jersey<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5da y489b w507 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws1bc\">Unit<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1676 y489b w4cc h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 h13 y489c ff6 fs9 fc1 sc0 ls18 ws32\">Ma<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>sh Ma<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt Se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>es I<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>., 46<span class=\"_ _0\"></span>3 Mo<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>n Vi<span class=\"_ _0\"></span>ew Dr<span class=\"_ _0\"></span>ive<span class=\"_ _0\"></span>, Su<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>e 301, 3rd Fl<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>or, Col<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r, V<span class=\"_ _1\"></span>er<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t 054<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>, Un<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ed S<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y489d w6a3 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">Fi<span class=\"_ _0\"></span>rst B<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>tish Ver<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>nt Rein<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce Co<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>pany II<span class=\"_ _0\"></span>, Limi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x175e y489d w258 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls52 ws12a\">USA<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1650 y489d w4e0 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1651 y489d w4da h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y489e w6a4 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">Fi<span class=\"_ _0\"></span>rst B<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>tish Ver<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>nt Rein<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce Co<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>pany III<span class=\"_ _0\"></span>, Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x175f y489e w258 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls52 ws12a\">USA<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb6b y489e w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1660 y489e w4cc h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y489f w6a5 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">Fi<span class=\"_ _0\"></span>rst B<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>tish Ver<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>nt Rein<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce Co<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>pany I<span class=\"_ _0\"></span>V Limi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16bb y489f w258 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls52 ws12a\">USA<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5da y489f w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16bf y489f w4cc h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 h13 y48a0 ff6 fs9 fc1 sc0 ls18 ws32\">No<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h Poi<span class=\"_ _0\"></span>nt S<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>d Dri<span class=\"_ _0\"></span>ve, B<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ld E<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>e Par<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>, Sh<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>ws<span class=\"_ _0\"></span>bu<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y, SY1 3B<span class=\"_ _0\"></span>F<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y48a1 w6a6 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls113 ws5b\">Portholme Resi<span class=\"_ _1\"></span>dents Ma<span class=\"_ _1\"></span>nagement Compa<span class=\"_ _1\"></span>ny Limit<span class=\"_ _1\"></span>ed<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1719 y48a1 w4c7 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1fa y48a1 w6a7 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws54\">Limited by<span class=\"_ _1\"></span> guarantee<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1722 y48a1 w4cc h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 h13 y48a2 ff6 fs9 fc1 sc0 ls18 ws32\">Ro<span class=\"_ _0\"></span>om 90<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>, 9t<span class=\"_ _0\"></span>h Fl<span class=\"_ _0\"></span>oo<span class=\"_ _0\"></span>r, Chi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>m T<span class=\"_ _1\"></span>ower, 34<span class=\"_ _0\"></span>-3<span class=\"_ _0\"></span>7 Co<span class=\"_ _0\"></span>nn<span class=\"_ _0\"></span>au<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>ht Ro<span class=\"_ _0\"></span>ad C<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>l, H<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>g Kon<span class=\"_ _0\"></span>g<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y48a3 w6a8 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Inve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt Ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt A<span class=\"_ _0\"></span>sia L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1718 y48a3 w6a9 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">Hong K<span class=\"_ _1\"></span>ong<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x168b y48a3 w4d3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1725 y48a3 w4cf h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 h13 y48a4 ff6 fs9 fc1 sc0 ls18 ws32\">So<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>wes<span class=\"_ _0\"></span>t Ro<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>, Flo<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r 3, No. 2123 Pud<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ng Ave<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>e, C<span class=\"_ _0\"></span>hi<span class=\"_ _0\"></span>na (S<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>) Pil<span class=\"_ _0\"></span>ot Fr<span class=\"_ _0\"></span>ee Trade Zo<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>e (Bo<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d Ar<span class=\"_ _0\"></span>ea), Pu<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>g Di<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>, Sha<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>gh<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>, Ch<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>a<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m0 x26b h1a y48a5 ff3 fs6 fc1 sc0 lsea ws27\">Ownership dictated by </td><td></td></tr><tr><td class=\"c n x1cb y48a6 w6aa h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Bu<span class=\"_ _0\"></span>sin<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>s Co<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ult<span class=\"_ _0\"></span>ing (S<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>hai) L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16db y48a6 w6ab h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls149 ws1bc\">China<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1753 y48a7 w6ac h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">subscribed<span class=\"_ _1\"></span> capital<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1760 y48a7 w4cc h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 h13 y48a8 ff6 fs9 fc1 sc0 ls18 ws32\">Th<span class=\"_ _0\"></span>e Ol<span class=\"_ _0\"></span>d Pos<span class=\"_ _0\"></span>t Of<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e St<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on Ro<span class=\"_ _0\"></span>ad<span class=\"_ _0\"></span>, Co<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>bu<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y, Bri<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>l, BS<span class=\"_ _0\"></span>49 5<span class=\"_ _0\"></span>DY<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y48a9 w6ad h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls113 ws5b\">London Di<span class=\"_ _1\"></span>stribution<span class=\"_ _1\"></span> Park Mana<span class=\"_ _1\"></span>gement Compan<span class=\"_ _1\"></span>y Limit<span class=\"_ _1\"></span>ed<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16e7 y48a9 w4c7 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England a<span class=\"_ _1\"></span>nd Wa<span class=\"_ _1\"></span>les<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16bc y48a9 w4e0 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1761 y48a9 w5d1 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">68.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 h13 y48aa ff6 fs9 fc1 sc0 ls18 ws32\">Un<span class=\"_ _0\"></span>it 3, E<span class=\"_ _0\"></span>dw<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>n Bus<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>ss Pa<span class=\"_ _0\"></span>rk<span class=\"_ _0\"></span>, L<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>re L<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>e, Ed<span class=\"_ _0\"></span>wa<span class=\"_ _0\"></span>lt<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n, No<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>gh<span class=\"_ _0\"></span>am<span class=\"_ _0\"></span>, NG12 4J<span class=\"_ _0\"></span>L<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y47ae w6ae h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">Ins<span class=\"_ _0\"></span>pire<span class=\"_ _0\"></span>d Vi<span class=\"_ _0\"></span>lla<span class=\"_ _0\"></span>ges Gr<span class=\"_ _0\"></span>oup L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16fa y47ae w4d7 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5cc y47ae w4cb h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16c5 y47ae w6af h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls5b ws1b0\">4<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>.5<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47af w6b0 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 lsea ws27\">Inspired Works Limited<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6c6 y47af w4c4 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1671 y47af w4d3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1677 y47af w6b1 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls5b ws1b0\">4<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>.5<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w6b2 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">Ren<span class=\"_ _0\"></span>ais<span class=\"_ _0\"></span>san<span class=\"_ _0\"></span>ce V<span class=\"_ _0\"></span>ill<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>s Limi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x154f y40ae w4d5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15e1 y40ae w514 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1662 y40ae w675 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls5b ws1b0\">46<span class=\"_ _0\"></span>.5<span class=\"_ _3b2\"> </span></div></td></tr></table></div>(ii) <span class=\"_ _d\"> </span>A<span class=\"_ _0\"></span>sso<span class=\"_ _0\"></span>ciates a<span class=\"_ _0\"></span>nd joi<span class=\"_ _0\"></span>nt ven<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>res<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Group ha<span class=\"_ _0\"></span>s the followin<span class=\"_ _0\"></span>g signi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>can<span class=\"_ _0\"></span>t hold<span class=\"_ _0\"></span>ings cl<span class=\"_ _0\"></span>assif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d as asso<span class=\"_ _0\"></span>ciates an<span class=\"_ _0\"></span>d joint vent<span class=\"_ _0\"></span>ures whi<span class=\"_ _0\"></span>ch have be<span class=\"_ _0\"></span>en inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>ed as f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span>, and inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nts in asso<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>ates and joint ven<span class=\"_ _0\"></span>tures ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>unted for usi<span class=\"_ _0\"></span>ng the eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y m<span class=\"_ _0\"></span>etho<span class=\"_ _0\"></span>d. T<span class=\"_ _0\"></span>he gros<span class=\"_ _0\"></span>s asset<span class=\"_ _0\"></span>s of these co<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>nies are in par<span class=\"_ _3\"></span>t fund<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span> by bor<span class=\"_ _0\"></span>rowing<span class=\"_ _0\"></span>s which are n<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>urs<span class=\"_ _0\"></span>e to the Group.<span class=\"_ _3b2\"> </span><table class=\"s w6b3 h1d2\" id=\"_b08b26c6-097b-4e5f-977d-bbad55a8d885\"><tr><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"t m2 xec4 h13 y48ab ff5 fs9 fc1 sc0 ls18 ws0\">% of e<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"t m2 xec4 h13 y48ac ff5 fs9 fc1 sc0 ls38 ws1e2\">shares held<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td></td><td class=\"t m2 xc70 h13 y48ad ff5 fs9 fc1 sc0 ls1 ws16\">Countr<span class=\"_ _0\"></span>y of </td><td class=\"t m2 x26e h13 y48ad ff5 fs9 fc1 sc0 ls3d ws131\">Accounting<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x4d4 h13 y48ad ff6 fs9 fc1 sc0 ls2c ws34\">Inve<span class=\"_ _1\"></span>stment<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x42c h13 y48ad ff5 fs9 fc1 sc0 ls38 ws3a\">Share<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xec4 h13 y48ad ff5 fs9 fc1 sc0 ls18 ws0\">by t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span> </td></tr><tr><td class=\"t m2 x206 h13 y48ae ff5 fs9 fc1 sc0 ls14a ws163\">Company n<span class=\"_ _1\"></span>ame<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m2 xc70 h13 y48ae ff5 fs9 fc1 sc0 ls14a ws164\">incorporation<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x26e h13 y48ae ff5 fs9 fc1 sc0 ls3d ws131\">treatment<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x4d4 h13 y48ae ff5 fs9 fc1 sc0 ls3b ws45\">type<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x42c h13 y48ae ff5 fs9 fc1 sc0 ls3d ws131\">class<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xec4 h13 y48ae ff5 fs9 fc1 sc0 ls3d ws131\">Group<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y4399 w4a h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">245<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1762 y4399 wdf h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Hamme<span class=\"_ _1\"></span>rsmith R<span class=\"_ _1\"></span>oad (<span class=\"_ _1\"></span>Genera<span class=\"_ _1\"></span>l Partner)<span class=\"_ _1\"></span> Limit<span class=\"_ _1\"></span>ed<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1763 y4399 w4ec h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">Engla<span class=\"_ _1\"></span>nd and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1764 y4399 w6b4 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y met<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1765 y4399 w6b5 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1766 y4399 w4c1 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws13f\">Par<span class=\"_ _0\"></span>tnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1767 y4399 w6b6 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">5<span class=\"_ _0\"></span>0.0%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48af w6b7 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 lsea ws27\">245<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1768 y48af w6b8 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 lsea ws27\">Hammers<span class=\"_ _0\"></span>mith Road Limited Partn<span class=\"_ _0\"></span>ership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1769 y48af w4ec h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">Engl<span class=\"_ _1\"></span>and and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x176a y48af w6b9 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>od<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x176b y48af w6b5 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x176c y48af w4c1 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws13f\">Par<span class=\"_ _0\"></span>tnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x176d y48af w6ba h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">5<span class=\"_ _0\"></span>0.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y45dc w42 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">245<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x176e y45dc w6bb h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">H<span class=\"_ _0\"></span>R G<span class=\"_ _0\"></span>P LL<span class=\"_ _0\"></span>P<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x176f y45dc w6bc h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">E<span class=\"_ _0\"></span>ngland a<span class=\"_ _1\"></span>nd Wa<span class=\"_ _1\"></span>les<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1770 y45dc w6bd h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y m<span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span>od<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1771 y45dc w6b5 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1772 y45dc w4c1 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws13f\">Par<span class=\"_ _0\"></span>tnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1773 y45dc w6be h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48b0 w6bf h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Ac<span class=\"_ _0\"></span>ces<span class=\"_ _0\"></span>s D<span class=\"_ _0\"></span>evel<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt II L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d Pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tn<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>shi<span class=\"_ _0\"></span>p<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1774 y48b0 w5aa h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">Jersey<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1775 y48b0 w6b9 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Eq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1776 y48b0 w6c0 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws11c\">Associate<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1777 y48b0 w4e3 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1778 y48b0 w6c1 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls5b ws1b0\">25.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y439d w6c2 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws2a\">Access Dev<span class=\"_ _1\"></span>elopment Limit<span class=\"_ _1\"></span>ed Partnership<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1779 y439d w5aa h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">Jersey<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x177a y439d w6bd h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y m<span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span>od<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x177b y439d w6b5 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x177c y439d w514 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x177d y439d w6c3 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y447b w6c4 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Bracknell<span class=\"_ _1\"></span> General Pa<span class=\"_ _1\"></span>rtner Limited<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x177e y447b w6c5 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">Jersey<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xad5 y447b w6c6 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Eq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>ty m<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x177f y447b w6b5 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1780 y447b w4e0 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1781 y447b w6be h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y45df w6c7 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Bracknell<span class=\"_ _1\"></span> Propert<span class=\"_ _0\"></span>y Unit<span class=\"_ _1\"></span> T<span class=\"_ _4\"></span>rust<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1782 y45df w5aa h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">Jersey<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1783 y45df w6b4 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>od<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1784 y45df w6b5 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1785 y45df w6c8 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls114 ws120\">U<span class=\"_ _0\"></span>nits<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1786 y45df w6c9 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls10a ws118\">50.8%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40b2 w6ca h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Br<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>wo<span class=\"_ _0\"></span>od S<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e Ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>en<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>es L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1787 y40b2 w4c0 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">E<span class=\"_ _0\"></span>ngland and<span class=\"_ _1\"></span> Wale<span class=\"_ _1\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1788 y40b2 w6cb h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y m<span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span>od<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1789 y40b2 w6b5 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x178a y40b2 w4e3 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x178b y40b2 w6c3 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4501 w6cc h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws54\">Bruntwood Sci<span class=\"_ _0\"></span>T<span class=\"_ _1\"></span>ech Limit<span class=\"_ _1\"></span>ed<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x178c y4501 w4c4 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x178d y4501 w6b9 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Eq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y met<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x178e y4501 w6c0 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws11c\">Associate<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x178f y4501 w4e3 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1790 y4501 w6c3 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls1a6 ws1e0\">4<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>.9<span class=\"_ _3\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40b4 w6cd h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws54\">Congenica Limited<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1791 y40b4 w4ce h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1792 y40b4 w6ce h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1793 y40b4 w6c0 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws11c\">Associate<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1794 y40b4 w4e3 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1795 y40b4 w1ff h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls113 ws11f\">8.3%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40b5 w6cf h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">ECF (<span class=\"_ _1\"></span>Genera<span class=\"_ _1\"></span>l Partner)<span class=\"_ _1\"></span> Limit<span class=\"_ _1\"></span>ed<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1796 y40b5 w4d7 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1797 y40b5 w6b4 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1798 y40b5 w6b5 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1799 y40b5 w4e3 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x179a y40b5 w6d0 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls113 ws11f\">33.3%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40b6 w6d1 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">ECV Pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tn<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>sh<span class=\"_ _0\"></span>ips T<span class=\"_ _1\"></span>atte<span class=\"_ _0\"></span>nh<span class=\"_ _0\"></span>all Li<span class=\"_ _0\"></span>mite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x179b y40b6 w4c4 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x179c y40b6 w6d2 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Eq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>ty m<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x178e y40b6 w6b5 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x179d y40b6 w4e3 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1773 y40b6 w6d3 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls130 ws1a1\">26.3%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4301 w6d4 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">ECV Pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tn<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>sh<span class=\"_ _0\"></span>ips War<span class=\"_ _0\"></span>wi<span class=\"_ _0\"></span>ck Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x179e y4301 w4d5 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x179f y4301 w6d5 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>od<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17a0 y4301 w6b5 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17a1 y4301 w4d3 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17a2 y4301 w6d6 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls130 ws1a1\">26.3<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40b8 w6d7 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10a ws5a\">English Cities F<span class=\"_ _1\"></span>und<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x17a3 y40b8 w4c4 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17a4 y40b8 w6d8 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls1 ws0\">F<span class=\"_ _0\"></span>V<span class=\"_ _3\"></span>TPL<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17a5 y40b8 w6d9 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws11c\">Asso<span class=\"_ _0\"></span>ciate<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x178a y40b8 w4c5 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws13f\">Partnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17a6 y40b8 w6c9 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls10a ws118\">30.2%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4302 w6da h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Grav<span class=\"_ _0\"></span>ese<span class=\"_ _0\"></span>nd C<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>dh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>bo<span class=\"_ _0\"></span>ur Ro<span class=\"_ _0\"></span>ad Ma<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt C<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pany L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x17a7 y4302 w4d7 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17a8 y4302 w6b9 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>od<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17a9 y4302 w6b5 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17aa y4302 w4d3 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17ab y4302 w6db h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ba w1af h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Ho<span class=\"_ _0\"></span>use<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>ld C<span class=\"_ _0\"></span>api<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>l P<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x17ac y40ba w6dc h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 lsea ws122\">Australia<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1783 y40ba w6b4 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>od<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1784 y40ba w6c0 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws11c\">Associate<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17ad y40ba w4e0 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17ae y40ba w6dd h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls1a8 ws1e3\">3<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>.1<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y43b7 w6de h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Ima<span class=\"_ _0\"></span>gin<span class=\"_ _0\"></span>e Mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tg<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>s Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted (Ge<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>on H<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e)<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x17af y43b7 w4c7 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17b0 y43b7 w6df h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls1 ws0\">FV<span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>PL<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17b1 y43b7 w6d9 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws11c\">A<span class=\"_ _0\"></span>ssociate<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17b2 y43b7 w6e0 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls12c ws140\">Preferre<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17b3 y43b7 w6e1 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls186 ws1a5\">15<span class=\"_ _3\"></span>.7<span class=\"_ _3\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41d1 w6e2 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">ImpactA Global Holding<span class=\"_ _1\"></span> Limited<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x177e y41d1 w4d5 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xadb y41d1 w6e3 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Eq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>ty m<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17b4 y41d1 w6c0 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws11c\">Associate<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17b5 y41d1 w4e3 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17b6 y41d1 w6e4 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls181 ws19f\">4<span class=\"_ _0\"></span>4.<span class=\"_ _0\"></span>4%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40bd w6e5 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Kao D<span class=\"_ _0\"></span>ata L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x17b7 y40bd w4ec h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">Engla<span class=\"_ _1\"></span>nd and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17b8 y40bd w6e6 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls1 ws0\">F<span class=\"_ _3\"></span>VT<span class=\"_ _0\"></span>PL<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17b9 y40bd w6d9 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws11c\">A<span class=\"_ _0\"></span>ssociate<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1766 y40bd w4e3 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17ba y40bd w6c1 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls5b ws1b0\">32.5<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40be w4d1 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Kens<span class=\"_ _0\"></span>a Gro<span class=\"_ _0\"></span>up L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x17bb y40be w4d7 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17bc y40be w6e7 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls1 ws0\">FV<span class=\"_ _3\"></span>TPL<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17bd y40be w6d9 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws11c\">Asso<span class=\"_ _0\"></span>ciate<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17be y40be w4e3 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17bf y40be w6c3 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">32.0%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40bf w6e8 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Newc<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>tle H<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>ix D<span class=\"_ _0\"></span>eve<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>pm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s LL<span class=\"_ _0\"></span>P<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x17c0 y40bf w4ce h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17c1 y40bf w6e7 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls1 ws0\">FV<span class=\"_ _3\"></span>TPL<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17c2 y40bf w6d9 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws11c\">A<span class=\"_ _0\"></span>ssociate<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17c3 y40bf w4c5 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws13f\">Partnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17c4 y40bf w6d0 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls113 ws11f\">33.3%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c0 w6e9 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">NT<span class=\"_ _0\"></span>R A<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et Ma<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt Eu<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>e DAC<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x17c5 y40c0 w278 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17c6 y40c0 w6e3 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y m<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17c7 y40c0 w6c0 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws11c\">Associate<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17c8 y40c0 w4e3 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17c9 y40c0 w6c1 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls5b ws1b0\">25.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c1 w6ea h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Oxford<span class=\"_ _1\"></span> University<span class=\"_ _1\"></span> Propert<span class=\"_ _0\"></span>y Dev<span class=\"_ _1\"></span>elopment Li<span class=\"_ _1\"></span>mited<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x17ca y40c1 w4c4 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17cb y40c1 w6b9 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>od<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17cc y40c1 w6b5 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17cd y40c1 w521 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17ce y40c1 w6be h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c2 w6eb h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws54\">Pember<span class=\"_ _0\"></span>ton Asset Management Holdings<span class=\"_ _1\"></span> Limited<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x17cf y40c2 w5aa h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">Jersey<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17d0 y40c2 w6ec h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls1 ws0\">F<span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>TPL<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17d1 y40c2 w6ed h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws11c\">Associate<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17d2 y40c2 w4e3 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17d3 y40c2 w6be h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">40.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w6ee h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">Salar<span class=\"_ _0\"></span>y Direct Holdings Limited<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x17d4 y4121 w5aa h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">Jersey<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17d5 y4121 w6ef h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls1 ws0\">F<span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>TPL<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1798 y4121 w6c0 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws11c\">Associate<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17d6 y4121 w4e0 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17d7 y4121 w6f0 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls5b ws1b0\">53<span class=\"_ _0\"></span>.5%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4158 w6f1 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing (<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>lbo<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ne) Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x17d8 y4158 w4ce h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17d9 y4158 w6ce h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y met<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17da y4158 w6b5 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17db y4158 w4e3 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17dc y4158 w6be h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w6f2 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing (<span class=\"_ _0\"></span>B<span class=\"_ _0\"></span>osto<span class=\"_ _0\"></span>n S<span class=\"_ _0\"></span>pa) Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x17dd y40ae w4c4 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17a8 y40ae w6b9 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>od<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17a9 y40ae w6b5 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17aa y40ae w4d3 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17ab y40ae w6db h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr></table><table class=\"s w6b3 h1d3\" id=\"_1fc87f39-f9ff-423d-b8b1-bfdda6c9a847\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 xec4 h13 y48b1 ff5 fs9 fc1 sc0 ls18 ws0\">% of e<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 xec4 h13 y48b2 ff5 fs9 fc1 sc0 ls38 ws1e2\">shares held<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m0 xc70 h13 y48b3 ff5 fs9 fc1 sc0 ls1 ws16\">Countr<span class=\"_ _0\"></span>y of </td><td class=\"t m0 x26e h13 y48b3 ff5 fs9 fc1 sc0 ls3d ws131\">Accounting<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x4d4 h13 y48b3 ff6 fs9 fc1 sc0 ls2c ws34\">Inve<span class=\"_ _1\"></span>stment<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x42c h13 y48b3 ff5 fs9 fc1 sc0 ls38 ws3a\">Share<span class=\"_ _3b2\"> </span></td><td class=\"t m0 xec4 h13 y48b3 ff5 fs9 fc1 sc0 ls18 ws0\">by t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span> </td></tr><tr><td class=\"t m0 x206 h13 y48b4 ff5 fs9 fc1 sc0 ls14a ws163\">Company n<span class=\"_ _1\"></span>ame<span class=\"_ _3b2\"> </span></td><td class=\"t m0 xc70 h13 y48b4 ff5 fs9 fc1 sc0 ls14a ws164\">incorporation<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x26e h13 y48b4 ff5 fs9 fc1 sc0 ls3d ws131\">treatment<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x4d4 h13 y48b4 ff5 fs9 fc1 sc0 ls3b ws45\">type<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x42c h13 y48b4 ff5 fs9 fc1 sc0 ls3d ws131\">class<span class=\"_ _3b2\"> </span></td><td class=\"t m0 xec4 h13 y48b4 ff5 fs9 fc1 sc0 ls3d ws131\">Group<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y48b5 w6f3 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing (<span class=\"_ _0\"></span>Br<span class=\"_ _0\"></span>oad<span class=\"_ _0\"></span>br<span class=\"_ _0\"></span>idg<span class=\"_ _0\"></span>e H<span class=\"_ _0\"></span>eath) L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17de y48b5 w4dc h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1792 y48b5 w6ce h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls56 ws0\">Equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1793 y48b5 w6b5 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17df y48b5 w4e0 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17e0 y48b5 w6be h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48b6 w6f4 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls11e ws5c\">Senior Living (<span class=\"_ _1\"></span>Caddington<span class=\"_ _1\"></span>)<span class=\"_ _1\"></span> Limited<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17e1 y48b6 w4d5 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17e2 y48b6 w6d5 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17e3 y48b6 w6b5 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17e4 y48b6 w4e3 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17e5 y48b6 w6be h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48b7 w6f5 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls11e ws5c\">Senior Living (<span class=\"_ _1\"></span>Chandlers F<span class=\"_ _1\"></span>ord) Limited<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17a7 y48b7 w4d7 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17a8 y48b7 w6b9 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>od<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17a9 y48b7 w6b5 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17aa y48b7 w4d3 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17ab y48b7 w6db h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48b8 w6f6 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing (C<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>n) Limi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17e6 y48b8 w4c4 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xad5 y48b8 w6c6 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls56 ws0\">Eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y m<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x177f y48b8 w6b5 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1780 y48b8 w4e0 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1781 y48b8 w6be h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48b9 w6f7 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing (<span class=\"_ _0\"></span>Do<span class=\"_ _0\"></span>re) Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17e7 y48b9 w6f8 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">E<span class=\"_ _0\"></span>ngland a<span class=\"_ _1\"></span>nd Wale<span class=\"_ _1\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17d0 y48b9 w6f9 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y m<span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span>od<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17e8 y48b9 w6b5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17e9 y48b9 w514 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17ea y48b9 w6fa h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48ba w6fb h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">Senior Living (Edenbridge<span class=\"_ _1\"></span>)<span class=\"_ _1\"></span> Limited<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1774 y48ba w4c4 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17eb y48ba w6b9 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1798 y48ba w6b5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1799 y48ba w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x179a y48ba w6db h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48bb w6fc h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing (<span class=\"_ _0\"></span>El<span class=\"_ _0\"></span>str<span class=\"_ _0\"></span>ee) Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17ec y48bb w4c4 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17ed y48bb w6b9 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Eq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17ee y48bb w6b5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17ef y48bb w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17f0 y48bb w6be h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48bc w6fd h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws54\">Senior Living (Farnhams<span class=\"_ _1\"></span>) Limited<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17f1 y48bc w4dc h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17f2 y48bc w6ce h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>od<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17f3 y48bc w6b5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17f4 y48bc w4d3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17c4 y48bc w6be h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48bd w6fe h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing (<span class=\"_ _0\"></span>Fre<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>s) Limi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17f5 y48bd w4ee h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wale<span class=\"_ _1\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1788 y48bd w6cb h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y m<span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span>od<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1789 y48bd w6b5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x178a y48bd w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x178b y48bd w6c3 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48be w6ff h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing (G<span class=\"_ _0\"></span>reat L<span class=\"_ _0\"></span>eig<span class=\"_ _0\"></span>hs) Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17f6 y48be w4c7 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England a<span class=\"_ _1\"></span>nd Wa<span class=\"_ _1\"></span>les<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x177a y48be w6bd h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y m<span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span>od<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x177b y48be w6b5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x177c y48be w514 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x177d y48be w6c3 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48bf w700 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing (<span class=\"_ _0\"></span>Ha<span class=\"_ _0\"></span>lste<span class=\"_ _0\"></span>ad<span class=\"_ _0\"></span>) Li<span class=\"_ _0\"></span>mite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17c0 y48bf w4ce h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17c1 y48bf w6b4 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>od<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17f7 y48bf w6b5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17f8 y48bf w4d3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17f9 y48bf w6be h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48c0 w701 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing (<span class=\"_ _0\"></span>He<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>l He<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>ste<span class=\"_ _0\"></span>ad) L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17fa y48c0 w4c4 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17fb y48c0 w6d5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>od<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17fc y48c0 w6b5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17fd y48c0 w4d3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17fe y48c0 w6be h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48c1 w702 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing (<span class=\"_ _0\"></span>Ho<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>an) Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17ff y48c1 w4ce h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1800 y48c1 w6ce h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1801 y48c1 w6b5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17ad y48c1 w4e0 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17ae y48c1 w6be h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48c2 w5b4 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing (<span class=\"_ _0\"></span>K<span class=\"_ _0\"></span>nowl<span class=\"_ _0\"></span>e) Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1802 y48c2 w4d7 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1803 y48c2 w6b9 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>od<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1784 y48c2 w6b5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1785 y48c2 w4d3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1804 y48c2 w6be h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48c3 w703 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing (<span class=\"_ _0\"></span>Le<span class=\"_ _0\"></span>dia<span class=\"_ _0\"></span>n Far<span class=\"_ _0\"></span>m) Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1805 y48c3 w4ce h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1797 y48c3 w6b4 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1798 y48c3 w6b5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1799 y48c3 w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x179a y48c3 w6db h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48c4 w704 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls4f ws128\">Senior<span class=\"_ _1\"></span> Living<span class=\"_ _1\"></span> (Liphoo<span class=\"_ _1\"></span>k) Li<span class=\"_ _1\"></span>mit<span class=\"_ _1\"></span>ed<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1806 y48c4 w5aa h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">Jersey<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1807 y48c4 w6d5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1801 y48c4 w6b5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17ad y48c4 w4e0 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17ae y48c4 w6be h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48c5 w705 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing (<span class=\"_ _0\"></span>Ma<span class=\"_ _0\"></span>tcha<span class=\"_ _0\"></span>ms) Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1808 y48c5 w4ce h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1809 y48c5 w6b4 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y met<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x180a y48c5 w6b5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1777 y48c5 w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1778 y48c5 w6db h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48c6 w706 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing (S<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>nni<span class=\"_ _0\"></span>ng C<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>n) Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x180b y48c6 w4dc h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x180c y48c6 w707 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x180d y48c6 w6b5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x180e y48c6 w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17c4 y48c6 w6be h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48c7 w708 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing (S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>amfo<span class=\"_ _0\"></span>rd<span class=\"_ _0\"></span>) Li<span class=\"_ _0\"></span>mite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1806 y48c7 w4c4 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1775 y48c7 w6b9 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Eq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1776 y48c7 w6b5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x180f y48c7 w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1810 y48c7 w6db h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48c8 w709 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws54\">Senior Living (Sunbury<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>-<span class=\"_ _1\"></span>Thames)<span class=\"_ _1\"></span> Limited<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17e1 y48c8 w4d5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17e2 y48c8 w6d5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Eq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17e3 y48c8 w6b5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17e4 y48c8 w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17e5 y48c8 w6be h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48c9 w70a h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing (<span class=\"_ _3\"></span>T<span class=\"_ _1\"></span>atten<span class=\"_ _0\"></span>hal<span class=\"_ _0\"></span>l) L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1811 y48c9 w4d7 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1812 y48c9 w6b4 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y met<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1813 y48c9 w6b5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1814 y48c9 w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1815 y48c9 w6db h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48ca w70b h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing (<span class=\"_ _3\"></span>T<span class=\"_ _1\"></span>unbr<span class=\"_ _0\"></span>idg<span class=\"_ _0\"></span>e Well<span class=\"_ _0\"></span>s) Limi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1816 y48ca w4d7 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1817 y48ca w6f9 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equi<span class=\"_ _0\"></span>ty m<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17d1 y48ca w6b5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1818 y48ca w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1819 y48ca w6be h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48cb w70c h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing (<span class=\"_ _3\"></span>T<span class=\"_ _1\"></span>urv<span class=\"_ _0\"></span>ey) Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x181a y48cb w4ce h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17f2 y48cb w6ce h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17f3 y48cb w6b5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17f4 y48cb w4e0 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x181b y48cb w6be h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y461c w70d h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing (<span class=\"_ _3\"></span>Walker<span class=\"_ _0\"></span>n) Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x181c y461c w4d5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x181d y461c w6d5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Eq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y met<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17da y461c w6b5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17db y461c w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17dc y461c w6be h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y456d w70e h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing (<span class=\"_ _3\"></span>War<span class=\"_ _0\"></span>wic<span class=\"_ _0\"></span>k Ga<span class=\"_ _0\"></span>tes) Limi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x181e y456d w4ce h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England a<span class=\"_ _1\"></span>nd Wa<span class=\"_ _1\"></span>les<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1770 y456d w6bd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y m<span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span>od<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1771 y456d w6b5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1772 y456d w4e6 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x181f y456d w6c3 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48cc w70f h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing F<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce 1 L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17ff y48cc w4ce h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1800 y48cc w6ce h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1801 y48cc w6b5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17ad y48cc w4e0 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17ae y48cc w6be h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4437 w710 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>nn<span class=\"_ _0\"></span>en F<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce D<span class=\"_ _0\"></span>esi<span class=\"_ _0\"></span>gn<span class=\"_ _0\"></span>ated A<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y Co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>any<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1820 y4437 w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1788 y4437 w6cb h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y m<span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span>od<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1789 y4437 w6b5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x178a y4437 w711 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls18e ws1af\">N<span class=\"_ _0\"></span>/A<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1821 y4437 w712 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">0.0%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4438 w713 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Sero T<span class=\"_ _4\"></span>echnologies Lim<span class=\"_ _1\"></span>ited<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17f5 y4438 w4c4 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1822 y4438 w714 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls1 ws0\">F<span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>PL<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1823 y4438 w6d9 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws11c\">Asso<span class=\"_ _0\"></span>ciate<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1824 y4438 w4e0 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1825 y4438 w715 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls1a5 ws1df\">21.<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"t m0 x42c h1a y48cd ff3 fs6 fc1 sc0 ls55 ws59\">Ordinar<span class=\"_ _0\"></span>y &amp; </td><td></td></tr><tr><td class=\"c n x1cb y4121 w716 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">Smar<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>365 Financ<span class=\"_ _0\"></span>e Limited<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1826 y4121 w4d7 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and Wa<span class=\"_ _1\"></span>les<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17c1 y4121 w6ec h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls1 ws0\">F<span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>TPL<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1827 y4121 w6ed h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws11c\">Associate<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1828 y4121 w717 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls112 ws6\">Anti<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>dilu<span class=\"_ _0\"></span>tion<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1829 y4121 w718 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls10e ws11c\">35.2%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ac w719 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">SO<span class=\"_ _0\"></span>J<span class=\"_ _0\"></span>V LL<span class=\"_ _0\"></span>P<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x182a y40ac w4c4 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x176a y40ac w6b9 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x176b y40ac w6b5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x176c y40ac w4c1 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws13f\">Par<span class=\"_ _0\"></span>tnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x176d y40ac w6ba h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">5<span class=\"_ _0\"></span>0.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w71a h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws54\">T<span class=\"_ _1\"></span>echficient Holdings<span class=\"_ _1\"></span> LLC<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x179b y40ae w5a6 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls52 ws12a\">USA<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x182b y40ae w6c6 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y m<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x182c y40ae w6ed h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws11c\">Associate<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17be y40ae w711 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls18e ws1af\">N<span class=\"_ _0\"></span>/A<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x182d y40ae w6db h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">45.0<span class=\"_ _0\"></span>%</div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethodExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-685": {
   "value": "12<span class=\"ls8d ws0\">. <span class=\"_ _14\"> </span>Financial i<span class=\"_ _0\"></span>nv<span class=\"_ _1\"></span>estm<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>ts and inv<span class=\"_ _1\"></span>estme<span class=\"_ _1\"></span>n<span class=\"_ _1\"></span>t pro<span class=\"_ _1\"></span>pert<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></span><table class=\"s w1ea h152\" id=\"_ec7ef4e2-7257-4be4-b7d8-a26f670250dc\"><tr><td></td><td></td><td class=\"t m2 x5f2 h13 y4330 ff5 fs9 fc1 sc0 ls3b ws45\">Shareholder<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x27f h13 y4330 ff5 fs9 fc1 sc0 ls18 ws0\">Un<span class=\"_ _0\"></span>it l<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>nke<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 h13 y4330 ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td></td><td class=\"t m2 x431 h13 y4331 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c6 h13 y4331 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 h13 y4331 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x6fe hf y4332 ff3 fs9 fc1 sc0 lsee wsf5\">Note<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x433 h13 y4332 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 h13 y4332 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 h13 y4332 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 hb y4333 ff6 fs6 fc1 sc0 ls56 ws55\">Fi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>l inve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s at fai<span class=\"_ _0\"></span>r val<span class=\"_ _0\"></span>ue cl<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ed as<span class=\"_ _0\"></span>:<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1cb y40ba w1eb h11a\"><div class=\"t m2 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls56 ws0\">Fair v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e thr<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>gh pr<span class=\"_ _0\"></span>ofi<span class=\"_ _0\"></span>t or l<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>s</div><div class=\"t m2 x6ff h5a y41a8 ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x700 y4334 w2f h116\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">79,233<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x701 y4334 w89 h116\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">346,753<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x702 y4334 w81 h116\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">425,986<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y42f1 w1ec h116\"><div class=\"t m2 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls56 ws0\">Fair v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e thr<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>gh oth<span class=\"_ _0\"></span>er c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>eh<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>ive i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x703 y42f1 w36 h116\"><div class=\"t m2 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls56 ws55\">1,922<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x619 y42f1 wa6 h116\"><div class=\"t m2 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x704 y42f1 w36 h116\"><div class=\"t m2 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls56 ws55\">1,922<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y41d1 w1ed h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Fair v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e thr<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>gh pr<span class=\"_ _0\"></span>ofi<span class=\"_ _0\"></span>t or l<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>s \u2013 de<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>vati<span class=\"_ _0\"></span>ves</div><div class=\"t m2 x705 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x700 y4335 w2f h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">49,195<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x706 y4335 w36 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">1,997<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x707 y4335 w2f h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">51,192<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y40bd w1ee h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Loa<span class=\"_ _0\"></span>ns at fa<span class=\"_ _0\"></span>ir val<span class=\"_ _0\"></span>ue t<span class=\"_ _0\"></span>hro<span class=\"_ _0\"></span>ug<span class=\"_ _0\"></span>h prof<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t or lo<span class=\"_ _0\"></span>ss</div><div class=\"t m2 x708 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x709 y4336 w36 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">2,630<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x70a y4336 w36 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">4,772<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x70b y4336 w36 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">7,402<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40be w1ef h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">Fi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>l inve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s at fai<span class=\"_ _0\"></span>r val<span class=\"_ _0\"></span>ue<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x70c y40be w1f0 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">12(i)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x70d y40be w89 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">132,980<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x70e y40be w89 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">353,522<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x70f y40be w81 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">486,502<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40bf w1f1 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">Debt securities at amortised cost<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x60b y40bf w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">8,965<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x710 y40bf wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x711 y40bf w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">8,965<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c0 w1f2 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Loa<span class=\"_ _0\"></span>ns at a<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>ed c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x712 y40c0 w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">84<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x713 y40c0 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x714 y40c0 w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">84<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4317 w1f3 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> financial <span class=\"_ _1\"></span>inv<span class=\"_ _1\"></span>estments<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x715 y4317 w81 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">142,029<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x716 y4317 w81 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">353,522<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x717 y4317 w89 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">495,551<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c2 w7f h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws23\">Inv<span class=\"_ _1\"></span>estment<span class=\"_ _1\"></span> property<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x718 y40c2 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">5,955<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x719 y40c2 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">3,867<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x71a y40c2 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">9,822<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4318 w1f4 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l fi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>l inve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s and in<span class=\"_ _0\"></span>ves<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x71b y4318 w89 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">147,984<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x71c y4318 w89 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">357,389<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x71d y4318 w81 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">505,373<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ac w1f5 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted to b<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>cove<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d wit<span class=\"_ _0\"></span>hin 12 mon<span class=\"_ _0\"></span>ths<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x71e y40ac w93 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">36,632<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w1f6 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted to b<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>cove<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d af<span class=\"_ _0\"></span>ter 12 mont<span class=\"_ _0\"></span>hs<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x71f y40ae w89 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">468,741<span class=\"_ _3b2\"> </span></div></td></tr></table><table class=\"s w1f7 h153\" id=\"_93be7e6d-82de-4873-a894-4cd5186c9046\"><tr><td></td><td></td><td class=\"t m2 x4c4 hf y4337 ff3 fs9 fc1 sc0 ls29 ws30\">Shareholder<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x615 hf y4337 ff3 fs9 fc1 sc0 ls18 ws0\">Un<span class=\"_ _0\"></span>it li<span class=\"_ _0\"></span>nke<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y4337 ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td></td><td class=\"t m2 x637 hf y4338 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c6 hf y4338 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y4338 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x6fe hf y4339 ff3 fs9 fc1 sc0 lsee wsf5\">Note<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x433 hf y4339 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 hf y4339 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y4339 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 hc y433a ff4 fs6 fc1 sc0 ls56 ws55\">Fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>l inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s at fair value cla<span class=\"_ _0\"></span>ssi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ed as:<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1cb y41cf w1eb h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Fair v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e thr<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>gh pr<span class=\"_ _0\"></span>ofi<span class=\"_ _0\"></span>t or l<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>s</div><div class=\"t m2 x6ff h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x720 y40ba w3e h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">74,442<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x721 y40ba w82 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">335,466<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x722 y40ba w82 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">409,908<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y42f1 w1ec h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Fair v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e thr<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>gh oth<span class=\"_ _0\"></span>er c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>eh<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>ive i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x723 y42f1 w37 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x617 y42f1 wbd h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x724 y42f1 w30 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,022<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y41d0 w1ed h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Fair v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e thr<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>gh pr<span class=\"_ _0\"></span>ofi<span class=\"_ _0\"></span>t or l<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>s \u2013 de<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>vati<span class=\"_ _0\"></span>ves</div><div class=\"t m2 x705 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x720 y41d1 w3e h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">38,019<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x725 y41d1 w30 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,121<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x726 y41d1 w3e h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">41,140<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y433b w1ee h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Loa<span class=\"_ _0\"></span>ns at fa<span class=\"_ _0\"></span>ir val<span class=\"_ _0\"></span>ue t<span class=\"_ _0\"></span>hro<span class=\"_ _0\"></span>ug<span class=\"_ _0\"></span>h prof<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t or lo<span class=\"_ _0\"></span>ss</div><div class=\"t m2 x708 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x727 y40bd w37 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,599<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x728 y40bd w30 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">8,691<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x729 y40bd w3e h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">10,290<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40be w1f8 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">Financial investments at<span class=\"_ _1\"></span> fair value<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x72a y40be w1f0 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">12(i)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x72b y40be w82 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">116,082<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x72c y40be w82 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">347,278<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x72d y40be w82 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">463,360<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40bf w1f1 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10a ws5a\">Debt securities at amortised cost<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x72e y40bf w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">8,032<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x64d y40bf wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x72f y40bf w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">8,032<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y418c w1f2 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Loa<span class=\"_ _0\"></span>ns at a<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>ed c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x24b y418c w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">13<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x617 y418c wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x730 y418c w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">13<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c1 w1f9 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">T<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>tal financial investments<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x731 y40c1 w82 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">124,127<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x732 y40c1 w82 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">347,278<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x733 y40c1 w82 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">471,405<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c2 w7f h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Inv<span class=\"_ _1\"></span>estment<span class=\"_ _1\"></span> property<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x734 y40c2 w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5,503<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5d5 y40c2 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,390<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3be y40c2 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">8,893<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w1fa h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">T<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>tal financial investments and in<span class=\"_ _1\"></span>vestment proper<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x735 y4121 w82 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">129,630<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x736 y4121 w82 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">350,668<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x737 y4121 w82 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">480,298<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ac w1f5 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted to b<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>cove<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d wit<span class=\"_ _0\"></span>hin 12 mon<span class=\"_ _0\"></span>ths<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x738 y40ac wd3 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">37,513<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w1f6 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted to b<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>cove<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d af<span class=\"_ _0\"></span>ter 12 mont<span class=\"_ _0\"></span>hs<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x739 y40ae w82 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">442,785<span class=\"_ _3b2\"> </span></div></td></tr></table>1. <span class=\"_ _15\"> </span>Ma<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>y m<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d a<span class=\"_ _0\"></span>t fai<span class=\"_ _0\"></span>r va<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>e th<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>gh p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ofi<span class=\"_ _0\"></span>t o<span class=\"_ _0\"></span>r lo<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t risks on un<span class=\"_ _0\"></span>it linke<span class=\"_ _0\"></span>d assets are b<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ne by the pol<span class=\"_ _0\"></span>icy<span class=\"_ _0\"></span>hol<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>rs. T<span class=\"_ _0\"></span>he rem<span class=\"_ _0\"></span>aini<span class=\"_ _0\"></span>ng risks as<span class=\"_ _0\"></span>soc<span class=\"_ _0\"></span>iated wit<span class=\"_ _0\"></span>h fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts are ou<span class=\"_ _0\"></span>tline<span class=\"_ _0\"></span>d in<span class=\"_ gsec\"> </span>Note 8.<span class=\"_ _0\"></span> Fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts, c<span class=\"_ _0\"></span>ash and c<span class=\"_ _0\"></span>ash eq<span class=\"_ _0\"></span>uival<span class=\"_ _0\"></span>ents in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>: \u2022 <span class=\"_ _21\"> </span><span class=\"ff4\"> <span class=\"_ _b\"></span>\u00a32<span class=\"_ _0\"></span>,755m (20<span class=\"_ _0\"></span>23<span class=\"_ _0\"></span>: \u00a34,<span class=\"_ _0\"></span>03<span class=\"_ _3\"></span>4m) of <span class=\"_ _1\"></span>asse<span class=\"_ _0\"></span>ts ple<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>d as coll<span class=\"_ _0\"></span>ateral aga<span class=\"_ _0\"></span>inst n<span class=\"_ _0\"></span>et der<span class=\"_ _0\"></span>ivati<span class=\"_ _0\"></span>ve liabili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y cou<span class=\"_ _0\"></span>nter<span class=\"_ _0\"></span>par<span class=\"_ _3\"></span>ty po<span class=\"_ _0\"></span>siti<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e assets us<span class=\"_ _0\"></span>ed as col<span class=\"_ _0\"></span>lateral<span class=\"_ _0\"></span> </span>are T<span class=\"_ _1\"></span>reasur<span class=\"_ _0\"></span>y Gil<span class=\"_ _0\"></span>ts, Fo<span class=\"_ _0\"></span>reig<span class=\"_ _0\"></span>n Gover<span class=\"_ _0\"></span>nme<span class=\"_ _0\"></span>nt Bo<span class=\"_ _0\"></span>nds<span class=\"_ _0\"></span>, A<span class=\"_ _3\"></span>A<span class=\"_ _0\"></span>A<span class=\"_ _3\"></span>, A<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>, A and B<span class=\"_ _0\"></span>BB Co<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ate Bond<span class=\"_ _0\"></span>s and Cas<span class=\"_ _0\"></span>h (2023<span class=\"_ _0\"></span>: T<span class=\"_ _1\"></span>reasur<span class=\"_ _0\"></span>y Gil<span class=\"_ _0\"></span>ts, Fo<span class=\"_ _0\"></span>reig<span class=\"_ _0\"></span>n Gover<span class=\"_ _0\"></span>nme<span class=\"_ _0\"></span>nt Bo<span class=\"_ _0\"></span>nds<span class=\"_ _0\"></span>, A<span class=\"_ _0\"></span>A<span class=\"_ _3\"></span>A<span class=\"_ _0\"></span>, A<span class=\"_ _3\"></span>A<span class=\"_ _0\"></span>, A and BB<span class=\"_ _0\"></span>B Co<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>orate Bo<span class=\"_ _0\"></span>nds an<span class=\"_ _0\"></span>d Cash) having a resid<span class=\"_ _0\"></span>ual matu<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ty of over 32 yea<span class=\"_ _0\"></span>rs (202<span class=\"_ _0\"></span>3: over 4<span class=\"_ _3\"></span>4 years). \u2022 <span class=\"_ _21\"> </span><span class=\"ff4\"> <span class=\"_ _b\"></span>\u00a35,<span class=\"_ _0\"></span>37<span class=\"_ _0\"></span>7m (202<span class=\"_ _0\"></span>3: \u00a35<span class=\"_ _0\"></span>,25<span class=\"_ _0\"></span>7m) of <span class=\"_ _1\"></span>asse<span class=\"_ _0\"></span>ts ple<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>d as colla<span class=\"_ _0\"></span>teral in relat<span class=\"_ _0\"></span>ion to vario<span class=\"_ _0\"></span>us pe<span class=\"_ _0\"></span>nsio<span class=\"_ _0\"></span>n risk tra<span class=\"_ _0\"></span>nsfer de<span class=\"_ _0\"></span>als. T<span class=\"_ _0\"></span>he asse<span class=\"_ _0\"></span>ts use<span class=\"_ _0\"></span>d as collater<span class=\"_ _0\"></span>al </span>are<span class=\"_ gsec\"> </span>T<span class=\"_ _1\"></span>reasur<span class=\"_ _0\"></span>y Gil<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>, A<span class=\"_ _0\"></span>A<span class=\"_ _3\"></span>A to BBB Co<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>ora<span class=\"_ _0\"></span>te Bond<span class=\"_ _0\"></span>s and Cash (20<span class=\"_ _0\"></span>23<span class=\"_ _0\"></span>: T<span class=\"_ _4\"></span>re<span class=\"_ _0\"></span>asur<span class=\"_ _3\"></span>y Gilts<span class=\"_ _0\"></span>, A<span class=\"_ _0\"></span>A<span class=\"_ _3\"></span>A to BBB Co<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ate Bon<span class=\"_ _0\"></span>ds and Cas<span class=\"_ _0\"></span>h) <span class=\"_ _1\"></span>havin<span class=\"_ _0\"></span>g a residua<span class=\"_ _0\"></span>l matur<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y of over 45 yea<span class=\"_ _0\"></span>rs (20<span class=\"_ _0\"></span>23: over 4<span class=\"_ _3\"></span>4 years). \u2022 <span class=\"_ _21\"> </span><span class=\"ff4\"> <span class=\"_ _b\"></span>\u00a39<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>4m (20<span class=\"_ _0\"></span>23<span class=\"_ _0\"></span>: \u00a3752m) of assets ple<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>ed in resp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ct of long<span class=\"_ _0\"></span>evi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y swaps with rei<span class=\"_ _0\"></span>nsur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e cou<span class=\"_ _0\"></span>nter<span class=\"_ _0\"></span>par<span class=\"_ _3\"></span>ties. T<span class=\"_ _0\"></span>he ass<span class=\"_ _0\"></span>ets use<span class=\"_ _0\"></span>d as collate<span class=\"_ _0\"></span>ral are </span>T<span class=\"_ _1\"></span>reasur<span class=\"_ _0\"></span>y Gil<span class=\"_ _0\"></span>ts and A<span class=\"_ _3\"></span>A<span class=\"_ _0\"></span>A to A<span class=\"_ _0\"></span>A C<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>por<span class=\"_ _0\"></span>ate Bon<span class=\"_ _0\"></span>ds (202<span class=\"_ _0\"></span>3: T<span class=\"_ _1\"></span>reasur<span class=\"_ _0\"></span>y Gil<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>, A<span class=\"_ _0\"></span>A<span class=\"_ _3\"></span>A to A <span class=\"_ _1\"></span>Co<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ate Bond<span class=\"_ _0\"></span>s) <span class=\"_ _1\"></span>havin<span class=\"_ _0\"></span>g a residua<span class=\"_ _0\"></span>l maturi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y of over 6<span class=\"_ _1\"></span>1 years (202<span class=\"_ _0\"></span>3: over 3<span class=\"_ _0\"></span>4 year<span class=\"_ _0\"></span>s).<span class=\"_ _3b2\"> </span> Whil<span class=\"_ _0\"></span>e ple<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>d as coll<span class=\"_ _0\"></span>ateral<span class=\"_ _0\"></span>, the Gro<span class=\"_ _0\"></span>up is enti<span class=\"_ _0\"></span>tle<span class=\"_ _0\"></span>d to receive all of the ca<span class=\"_ _0\"></span>sh fl<span class=\"_ _0\"></span>ows from the ass<span class=\"_ _0\"></span>ets ab<span class=\"_ _0\"></span>ove, and th<span class=\"_ _0\"></span>ere is no obli<span class=\"_ _0\"></span>gatio<span class=\"_ _0\"></span>n to pay or transfer<span class=\"_ _0\"></span> cash f<span class=\"_ _0\"></span>lows ari<span class=\"_ _0\"></span>sing fro<span class=\"_ _0\"></span>m the<span class=\"_ _0\"></span>m to another e<span class=\"_ _0\"></span>ntit<span class=\"_ _0\"></span>y. Thes<span class=\"_ _0\"></span>e assets are ne<span class=\"_ _0\"></span>ith<span class=\"_ _0\"></span>er pas<span class=\"_ _0\"></span>t due<span class=\"_ _0\"></span>, nor imp<span class=\"_ _0\"></span>aire<span class=\"_ _0\"></span>d. T<span class=\"_ _0\"></span>he car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing valu<span class=\"_ _0\"></span>e refl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ts the full ex<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>ure of these assets.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Group is pe<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ted to sell or rep<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>dge co<span class=\"_ _0\"></span>llater<span class=\"_ _0\"></span>al as per the In<span class=\"_ _0\"></span>terna<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>al Swa<span class=\"_ _0\"></span>p Deal<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s Ass<span class=\"_ _0\"></span>oci<span class=\"_ _0\"></span>ation ag<span class=\"_ _0\"></span>ree<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts in pla<span class=\"_ _0\"></span>ce, in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>g where th<span class=\"_ _0\"></span>ere has be<span class=\"_ _0\"></span>en no defa<span class=\"_ _0\"></span>ult by the owne<span class=\"_ _0\"></span>r of the coll<span class=\"_ _0\"></span>ateral<span class=\"_ _0\"></span>. As at 31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2024<span class=\"_ _0\"></span>, the Gro<span class=\"_ _0\"></span>up had rep<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>d cash c<span class=\"_ _0\"></span>ollate<span class=\"_ _0\"></span>ral with a fair valu<span class=\"_ _0\"></span>e of \u00a370<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>m (202<span class=\"_ _0\"></span>3: \u00a36<span class=\"_ _0\"></span>47m) in order to fulf<span class=\"_ _0\"></span>il other c<span class=\"_ _0\"></span>ollater<span class=\"_ _0\"></span>al requ<span class=\"_ _0\"></span>irem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s in relatio<span class=\"_ _0\"></span>n to deriv<span class=\"_ _0\"></span>atives co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>acts<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e cou<span class=\"_ _0\"></span>nterp<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es have an oblig<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n to return the<span class=\"_ gsec\"> </span>c<span class=\"_ _0\"></span>ash co<span class=\"_ _0\"></span>llatera<span class=\"_ _0\"></span>l to the Group. T<span class=\"_ _0\"></span>here are n<span class=\"_ _0\"></span>o other sig<span class=\"_ _0\"></span>nif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant term<span class=\"_ _0\"></span>s and co<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s asso<span class=\"_ _0\"></span>ciated wi<span class=\"_ _0\"></span>th the use of this cas<span class=\"_ _0\"></span>h coll<span class=\"_ _0\"></span>ateral<span class=\"_ _0\"></span>. Fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>e \u00a32<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>,<span class=\"_ _1\"></span>1<span class=\"_ _4\"></span>17<span class=\"_ _1\"></span>m (202<span class=\"_ _0\"></span>3: \u00a3<span class=\"_ _0\"></span>25,<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>52<span class=\"_ _0\"></span>m) o<span class=\"_ _1\"></span>f asset<span class=\"_ _0\"></span>s that have bee<span class=\"_ _0\"></span>n sold bu<span class=\"_ _0\"></span>t not de<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d and are subj<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t to repurch<span class=\"_ _0\"></span>ase agre<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span>. Risks an<span class=\"_ _0\"></span>d rewards of these as<span class=\"_ _0\"></span>sets have be<span class=\"_ _0\"></span>en ret<span class=\"_ _0\"></span>aine<span class=\"_ _0\"></span>d with<span class=\"_ _0\"></span>in the Gro<span class=\"_ _0\"></span>up. Th<span class=\"_ _0\"></span>e related ob<span class=\"_ _0\"></span>liga<span class=\"_ _0\"></span>tion to repu<span class=\"_ _0\"></span>rcha<span class=\"_ _0\"></span>se the f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial as<span class=\"_ _0\"></span>sets is inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>ed wit<span class=\"_ _0\"></span>hin Payab<span class=\"_ _0\"></span>les an<span class=\"_ _0\"></span>d other f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l liabili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s (Note 25). Fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nts have b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n allo<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ated be<span class=\"_ _0\"></span>twe<span class=\"_ _0\"></span>en th<span class=\"_ _0\"></span>ose e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d to be set<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>ed wi<span class=\"_ _0\"></span>thin 12 months a<span class=\"_ _0\"></span>nd af<span class=\"_ _0\"></span>ter 12 months in l<span class=\"_ _0\"></span>ine wi<span class=\"_ _0\"></span>th th<span class=\"_ _0\"></span>e exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted set<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent of the bac<span class=\"_ _0\"></span>ked liabi<span class=\"_ _0\"></span>liti<span class=\"_ _0\"></span>es. A<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ts in excess of the ins<span class=\"_ _0\"></span>uran<span class=\"_ _0\"></span>ce an<span class=\"_ _0\"></span>d investm<span class=\"_ _0\"></span>ent c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t liabili<span class=\"_ _0\"></span>ties have be<span class=\"_ _0\"></span>en c<span class=\"_ _0\"></span>lassi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ed as exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted to be set<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>ed af<span class=\"_ _0\"></span>ter 1<span class=\"_ _1\"></span>2 months<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>(i<span class=\"_ _1\"></span>) <span class=\"_ _8\"> </span>Fi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l i<span class=\"_ _0\"></span>nvest<span class=\"_ _0\"></span>ments and i<span class=\"_ _0\"></span>nvest<span class=\"_ _0\"></span>ment proper<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y at fa<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>r va<span class=\"_ _0\"></span>lue<span class=\"_ _3b2\"> </span><table class=\"s w1ea h154\" id=\"_d663d009-f0d7-44d5-a682-2d0772188d34\"><tr><td></td><td></td><td class=\"t m0 x5f2 h13 y433c ff5 fs9 fc1 sc0 ls3b ws45\">Shareholder<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x27f h13 y433c ff5 fs9 fc1 sc0 ls18 ws0\">Un<span class=\"_ _0\"></span>it l<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>nke<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c7 h13 y433c ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x431 h13 y433d ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c6 h13 y433d ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c7 h13 y433d ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m0 x4e6 hf y433e ff3 fs9 fc1 sc0 lsee wsf5\">Note<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x433 h13 y433e ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c8 h13 y433e ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 h13 y433e ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y433f w1fb h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">Equity securities<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x5c1 y433f w36 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">2,948<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x73a y433f w89 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">198,342<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x73b y433f w89 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">201,290<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41e7 w1fc h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">Debt securities<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x73c y41e7 w2f h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">78,207<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x73d y41e7 w81 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">148,411<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x73e y41e7 w89 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">226,618<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y42f5 w1fd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls112 ws1e\">Der<span class=\"_ _0\"></span>ivative assets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x73f y42f5 w39 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">13<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x740 y42f5 w93 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">49,195<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1e9 y42f5 w36 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">1,997<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x741 y42f5 w2f h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">51,192<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41c7 w1fe h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Loans at f<span class=\"_ _1\"></span>air value<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x742 y41c7 w1ff h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">12(ii)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x743 y41c7 w36 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">2,630<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x744 y41c7 w36 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">4,772<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x745 y41c7 w36 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">7,402<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w200 h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">Financial in<span class=\"_ _1\"></span>vestments<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x746 y4121 w89 h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">132,980<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x747 y4121 w89 h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">353,522<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x748 y4121 w89 h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">486,502<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41a9 w7f h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws23\">Inv<span class=\"_ _1\"></span>estment<span class=\"_ _1\"></span> property<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x718 y41a9 w36 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">5,955<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x719 y41a9 w36 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">3,867<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x71a y41a9 w36 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">9,822<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w201 h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l fi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>l inve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s at fai<span class=\"_ _0\"></span>r valu<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x749 y40ae w81 h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">138,935<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x74a y40ae w89 h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">357,389<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x74b y40ae w81 h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">496,324<span class=\"_ _3b2\"> </span></div></td></tr></table><table class=\"s w202 h155\" id=\"_c35c45ac-888e-401e-9f41-e9af28c32f45\"><tr><td></td><td></td><td class=\"t m0 x4c4 hf y4340 ff3 fs9 fc1 sc0 ls29 ws30\">Shareholder<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x615 hf y4340 ff3 fs9 fc1 sc0 ls18 ws0\">Un<span class=\"_ _0\"></span>it li<span class=\"_ _0\"></span>nke<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c7 hf y4340 ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x637 hf y4341 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c6 hf y4341 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c7 hf y4341 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m0 x4e6 hf y4342 ff3 fs9 fc1 sc0 lsee wsf5\">Note<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x433 hf y4342 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c8 hf y4342 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 hf y4342 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y4305 w1fb h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10a ws5a\">Equity securities<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x74c y4305 w30 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,166<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x74d y4305 w82 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">182,816<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x74e y4305 w82 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">185,982<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c0 w1fc h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10a ws5a\">Debt securities<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x74f y40c0 wd3 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">73,298<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x750 y40c0 w82 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">152,650<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x751 y40c0 w82 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">225,948<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4306 w1fd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls112 ws1e\">Der<span class=\"_ _0\"></span>ivative assets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x73f y4306 w39 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">13<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x752 y4306 w3e h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">38,019<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x753 y4306 w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,121<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x754 y4306 w3e h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">41,140<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c2 w1fe h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">Loans at f<span class=\"_ _1\"></span>air value<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x742 y40c2 w1ff h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">12(ii)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x755 y40c2 w30 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,599<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x756 y40c2 w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">8,691<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x757 y40c2 w3e h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">10,290<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4193 w80 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">Financial investments<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x626 y4193 w82 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">116,082<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x627 y4193 w82 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">347,278<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x628 y4193 w82 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">463,360<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4158 w7f h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Inv<span class=\"_ _1\"></span>estment<span class=\"_ _1\"></span> property<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x734 y4158 w30 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5,503<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5d5 y4158 w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,390<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3be y4158 w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">8,893<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w203 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">T<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>tal financial investments at<span class=\"_ _1\"></span> fair value<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x758 y40ae w82 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">121,585<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x759 y40ae w82 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">350,668<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x75a y40ae w82 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">472,253<span class=\"_ _3b2\"> </span></div></td></tr></table>Inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>ed with<span class=\"_ _0\"></span>in uni<span class=\"_ _0\"></span>t linked eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y se<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>rit<span class=\"_ _0\"></span>ies are \u00a3121<span class=\"_ _1\"></span>m <span class=\"_ _1\"></span>(202<span class=\"_ _0\"></span>3: \u00a3162m<span class=\"_ _1\"></span>) of debt inst<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts whic<span class=\"_ _0\"></span>h inco<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ate an embe<span class=\"_ _0\"></span>dd<span class=\"_ _0\"></span>ed de<span class=\"_ _0\"></span>rivat<span class=\"_ _0\"></span>ive linked to the value of the Gro<span class=\"_ _0\"></span>up\u2019s share pr<span class=\"_ _0\"></span>ice<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>(ii) <span class=\"_ _d\"> </span>Fai<span class=\"_ _0\"></span>r va<span class=\"_ _0\"></span>lue h<span class=\"_ _0\"></span>iera<span class=\"_ _0\"></span>rchy<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e table b<span class=\"_ _0\"></span>elow bre<span class=\"_ _0\"></span>aks down th<span class=\"_ _0\"></span>e fair value of fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>ial inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nts and inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y by fair value hi<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>rchy leve<span class=\"_ _0\"></span>l.<span class=\"_ _3b2\"> </span><table class=\"s w204 h156\" id=\"_f5e2be91-b688-4de2-8999-e59e8b642f19\"><tr><td></td><td class=\"t m2 x430 h13 y4343 ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x75b h13 y4343 ff6 fs9 fc1 sc0 ls18 ws32\">Lev<span class=\"_ _0\"></span>el 1<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x4e8 h13 y4343 ff6 fs9 fc1 sc0 ls18 ws32\">Lev<span class=\"_ _0\"></span>el 2<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x75c h13 y4343 ff6 fs9 fc1 sc0 ls18 ws32\">Lev<span class=\"_ _0\"></span>el 3<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 h13 y4344 ff5 fs9 fc1 sc0 ls18 ws0\">As a<span class=\"_ _0\"></span>t 31 De<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>4<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x432 h13 y4344 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x433 h13 y4344 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 h13 y4344 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 h13 y4344 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 hb y4345 ff5 fs6 fc1 sc0 ls12e ws142\">Shareholder<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4346 w1fb h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">Equity securities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5a6 y4346 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">2,948<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x75d y4346 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">960<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x75e y4346 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">170<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x75f y4346 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">1,818<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4347 w1fc h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">Debt securities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x760 y4347 w2f h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">78,207<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x761 y4347 w2f h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">31,714<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x261 y4347 w93 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">25,424<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x762 y4347 w2f h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">21,069<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4348 w1fd h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls112 ws1e\">Der<span class=\"_ _0\"></span>ivative assets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x763 y4348 w2f h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">49,195<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x764 y4348 w59 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x765 y4348 w2f h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">49,188<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x766 y4348 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y42ee w1fe h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Loans at f<span class=\"_ _1\"></span>air value<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x767 y42ee w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">2,630<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x768 y42ee wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x769 y42ee w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">2,630<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x76a y42ee wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4349 w7f h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws23\">Inv<span class=\"_ _1\"></span>estment<span class=\"_ _1\"></span> property<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x76b y4349 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">5,955<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x76c y4349 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x76d y4349 wa6 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x76e y4349 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">5,955<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y42f1 w205 h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls1 ws23\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> Shareholder<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x76f y42f1 w89 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">138,935<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x770 y42f1 w93 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">32,681<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x771 y42f1 w2f h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">77,412<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x772 y42f1 w2f h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">28,842<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 hb y434a ff5 fs6 fc1 sc0 ls181 ws13f\">Un<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t li<span class=\"_ _0\"></span>nke<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y42f3 w1fb h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">Equity securities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x773 y42f3 w89 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">198,342<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x774 y42f3 w81 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">197,532<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x775 y42f3 w59 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x776 y42f3 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">809<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41e4 w1fc h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">Debt securities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x777 y41e4 w81 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">148,411<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x778 y41e4 w2f h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">97,799<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x779 y41e4 w2f h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">49,269<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x77a y41e4 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">1,343<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y433f w1fd h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls112 ws1e\">Der<span class=\"_ _0\"></span>ivative assets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5a6 y433f w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">1,997<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x77b y433f w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">84<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x77c y433f w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">1,913<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x77d y433f wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41e7 w1fe h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Loans at f<span class=\"_ _1\"></span>air value<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x767 y41e7 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">4,772<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x768 y41e7 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x769 y41e7 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">4,772<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x76a y41e7 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y434b w7f h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws23\">Inv<span class=\"_ _1\"></span>estment<span class=\"_ _1\"></span> property<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x76b y434b w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">3,867<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x76c y434b wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x76d y434b wa6 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x76e y434b w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">3,867<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y419a wf9 h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls1 ws23\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> Unit link<span class=\"_ _1\"></span>ed<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x77e y419a w89 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">357,389<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x77f y419a w89 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">295,415<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x780 y419a w2f h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">55,955<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x781 y419a w36 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">6,019<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y434c w206 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l fi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>l inve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s and in<span class=\"_ _0\"></span>ves<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y at fa<span class=\"_ _0\"></span>ir val<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x782 y434c w89 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">496,324<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x783 y434c w89 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">328,096<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x784 y434c w89 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">133,367<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x785 y434c w93 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">34,861<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y41a9 w207 h126\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">Debt securities at amortised cost</div><div class=\"t m2 x786 h5a y4138 ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x593 y4158 w36 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">7,847<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x787 y4158 wa5 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x788 y4158 w7b h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">43<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x789 y4158 w36 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">7,804<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y434d w208 h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Loa<span class=\"_ _0\"></span>ns at a<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>ed c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t</div><div class=\"t m2 x416 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x78a y40ae w7b h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">84<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x78b y40ae w59 h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x78c y40ae wa5 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x78d y40ae w7b h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">83<span class=\"_ _3b2\"> </span></div></td></tr></table><table class=\"s w209 h157\" id=\"_0592dc85-3f81-4fdb-baf5-9bd34e9d0ff6\"><tr><td></td><td class=\"t m2 x6fe hf y434e ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x75b hf y434e ff3 fs9 fc1 sc0 ls18 ws0\">Lev<span class=\"_ _0\"></span>el 1<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x503 hf y434e ff3 fs9 fc1 sc0 ls18 ws0\">Lev<span class=\"_ _0\"></span>el 2<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x281 hf y434e ff3 fs9 fc1 sc0 ls18 ws0\">Lev<span class=\"_ _0\"></span>el 3<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 hf y434f ff3 fs9 fc1 sc0 ls18 ws0\">As a<span class=\"_ _0\"></span>t 31 De<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>3<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x432 hf y434f ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x433 hf y434f ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 hf y434f ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y434f ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 h1a y4350 ff3 fs6 fc1 sc0 ls11b ws13f\">Shareholder<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4351 w1fb h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10a ws5a\">Equity securities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x78e y4351 w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,166<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x78f y4351 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,069<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x790 y4351 w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">144<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x791 y4351 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,953<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4352 w1fc h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10a ws5a\">Debt securities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x792 y4352 w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">73,298<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x793 y4352 w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">26,003<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x794 y4352 w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">27,860<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x795 y4352 wd3 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">19,435<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4353 w1fd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls112 ws1e\">Der<span class=\"_ _0\"></span>ivative assets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x792 y4353 w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">38,019<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x796 y4353 w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">123<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x797 y4353 w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">37,896<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x798 y4353 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4354 w1fe h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">Loans at f<span class=\"_ _1\"></span>air value<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x799 y4354 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,599<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x79a y4354 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x79b y4354 w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,599<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x79c y4354 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4355 w7f h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Inv<span class=\"_ _1\"></span>estment<span class=\"_ _1\"></span> property<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x79d y4355 w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5,503<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x79e y4355 wbf h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x617 y4355 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x724 y4355 w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5,503<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40bb w20a h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws2a\">T<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>tal Shar<span class=\"_ _1\"></span>eholder<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x79f y40bb w82 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">121,585<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7a0 y40bb w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">27,195<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7a1 y40bb w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">67,499<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7a2 y40bb wd3 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">26,891<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 h1a y4356 ff3 fs6 fc1 sc0 ls11c ws25\">Unit l<span class=\"_ _1\"></span>ink<span class=\"_ _1\"></span>ed<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4357 w1fb h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10a ws5a\">Equity securities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7a3 y4357 w82 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">182,816<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7a4 y4357 w82 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">182,348<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7a5 y4357 w39 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">29<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x235 y4357 w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">439<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4358 w1fc h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10a ws5a\">Debt securities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7a6 y4358 w82 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">152,650<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7a7 y4358 w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">91,874<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7a8 y4358 wd3 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">59,748<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7a9 y4358 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,028<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4359 w1fd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls112 ws1e\">Der<span class=\"_ _0\"></span>ivative assets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7aa y4359 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,121<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7ab y4359 w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">148<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7ac y4359 w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,973<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7ad y4359 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y435a w1fe h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">Loans at f<span class=\"_ _1\"></span>air value<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x799 y435a w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">8,691<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x79a y435a wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x79b y435a w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">8,691<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x79c y435a wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4199 w7f h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Inv<span class=\"_ _1\"></span>estment<span class=\"_ _1\"></span> property<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x79d y4199 w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,390<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x79e y4199 wbf h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x617 y4199 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x724 y4199 w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,390<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y435b w20b h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">T<span class=\"_ _1\"></span>otal Un<span class=\"_ _0\"></span>it li<span class=\"_ _0\"></span>nke<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7ae y435b w82 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">350,668<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7af y435b w82 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">274,370<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7b0 y435b wd3 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">71,441<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7b1 y435b w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">4,857<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y435c w20c h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">T<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>tal financial investments and in<span class=\"_ _1\"></span>vestment proper<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y at fa<span class=\"_ _1\"></span>ir value<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7b2 y435c w82 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">472,253<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7b3 y435c w82 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">301,565<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7b4 y435c w82 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">138,940<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7b5 y435c w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">31,748<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y40ac w207 h126\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">Debt securities at amortised cost</div><div class=\"t m2 x786 h5a y4138 ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7b6 y435d w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">7,184<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7b7 y435d wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7b8 y435d w39 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">45<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7b9 y435d w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">7,139<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y40ae w208 h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Loa<span class=\"_ _0\"></span>ns at a<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>ed c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t</div><div class=\"t m2 x416 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x78a y40ae w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">13<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7ba y40ae w75 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7bb y40ae w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">12<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7bc y40ae wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr></table>1. <span class=\"_ _15\"> </span>Th<span class=\"_ _0\"></span>is t<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>s de<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>t se<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d l<span class=\"_ _0\"></span>oa<span class=\"_ _0\"></span>ns w<span class=\"_ _0\"></span>hi<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>h ar<span class=\"_ _0\"></span>e he<span class=\"_ _0\"></span>ld a<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t o<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e C<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>da<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d B<span class=\"_ _0\"></span>ala<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ce S<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>et a<span class=\"_ _0\"></span>t a to<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>l val<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>e of \u00a3<span class=\"_ _0\"></span>9,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>49<span class=\"_ _0\"></span>m (20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3: \u00a3<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>45<span class=\"_ _0\"></span>m).<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e levels of fair value m<span class=\"_ _0\"></span>easu<span class=\"_ _0\"></span>rem<span class=\"_ _0\"></span>ent bas<span class=\"_ _0\"></span>es are def<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d as follows: Level 1<span class=\"_ _1\"></span>: fair value<span class=\"_ _0\"></span>s measu<span class=\"_ _0\"></span>red usi<span class=\"_ _0\"></span>ng quoted p<span class=\"_ _0\"></span>ric<span class=\"_ _0\"></span>es (unadjus<span class=\"_ _0\"></span>ted) in ac<span class=\"_ _0\"></span>tive mar<span class=\"_ _0\"></span>kets for ide<span class=\"_ _0\"></span>ntic<span class=\"_ _0\"></span>al asse<span class=\"_ _0\"></span>ts or liabil<span class=\"_ _0\"></span>itie<span class=\"_ _0\"></span>s. Level 2<span class=\"_ _0\"></span>: fair valu<span class=\"_ _0\"></span>es meas<span class=\"_ _0\"></span>ured us<span class=\"_ _0\"></span>ing valu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n techn<span class=\"_ _0\"></span>ique<span class=\"_ _0\"></span>s for all inpu<span class=\"_ _0\"></span>ts signi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>can<span class=\"_ _0\"></span>t to the measure<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt othe<span class=\"_ _0\"></span>r than qu<span class=\"_ _0\"></span>oted pric<span class=\"_ _0\"></span>es in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>ded wi<span class=\"_ _0\"></span>thin<span class=\"_ _0\"></span> Level 1 that are ob<span class=\"_ _0\"></span>ser<span class=\"_ _3\"></span>vable for the as<span class=\"_ _0\"></span>set or lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ty, eith<span class=\"_ _0\"></span>er dire<span class=\"_ _0\"></span>ctl<span class=\"_ _0\"></span>y (i.e. as pr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>es) or indirec<span class=\"_ _0\"></span>tly (i<span class=\"_ _0\"></span>.e. de<span class=\"_ _0\"></span>rive<span class=\"_ _0\"></span>d from pr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>es). Level 3: fair val<span class=\"_ _0\"></span>ues me<span class=\"_ _0\"></span>asure<span class=\"_ _0\"></span>d usin<span class=\"_ _0\"></span>g valuati<span class=\"_ _0\"></span>on tec<span class=\"_ _0\"></span>hniq<span class=\"_ _0\"></span>ues for any inp<span class=\"_ _0\"></span>ut for the ass<span class=\"_ _0\"></span>et or liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y sig<span class=\"_ _0\"></span>nif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant to the meas<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t that is not base<span class=\"_ _0\"></span>d on<span class=\"_ gsec\"> </span>ob<span class=\"_ _0\"></span>ser<span class=\"_ _3\"></span>vable ma<span class=\"_ _0\"></span>rket data (unob<span class=\"_ _0\"></span>ser<span class=\"_ _3\"></span>vable in<span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>ts).<span class=\"_ _3b2\"> </span>All of the Gro<span class=\"_ _0\"></span>up\u2019s Level 2 assets have be<span class=\"_ _0\"></span>en val<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span>d using st<span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>ard mar<span class=\"_ _0\"></span>ket pric<span class=\"_ _0\"></span>ing so<span class=\"_ _0\"></span>urc<span class=\"_ _0\"></span>es, su<span class=\"_ _0\"></span>ch as IH<span class=\"_ _0\"></span>S Mar<span class=\"_ _0\"></span>ki<span class=\"_ _0\"></span>t, IC<span class=\"_ _0\"></span>E and Blo<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>rg, o<span class=\"_ _0\"></span>r Index<span class=\"_ _0\"></span> Provid<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s suc<span class=\"_ _0\"></span>h as Barcl<span class=\"_ _0\"></span>ays, Me<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>ill Lynch or JP<span class=\"_ _0\"></span>Mo<span class=\"_ _0\"></span>rga<span class=\"_ _0\"></span>n. Ea<span class=\"_ _0\"></span>ch use<span class=\"_ _0\"></span>s mathe<span class=\"_ _0\"></span>mati<span class=\"_ _0\"></span>cal mo<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>lling an<span class=\"_ _0\"></span>d mult<span class=\"_ _0\"></span>iple so<span class=\"_ _0\"></span>urc<span class=\"_ _0\"></span>e validati<span class=\"_ _0\"></span>on in ord<span class=\"_ _0\"></span>er to deter<span class=\"_ _0\"></span>mine<span class=\"_ _0\"></span> con<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>sus pr<span class=\"_ _0\"></span>ice<span class=\"_ _0\"></span>s, wi<span class=\"_ _0\"></span>th the exce<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>n of OT<span class=\"_ _1\"></span>C Der<span class=\"_ _0\"></span>ivati<span class=\"_ _0\"></span>ve hold<span class=\"_ _0\"></span>ings<span class=\"_ _0\"></span>; OTCs are marked to market usi<span class=\"_ _0\"></span>ng an in<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>ous<span class=\"_ _0\"></span>e system (Lo<span class=\"_ _0\"></span>mba<span class=\"_ _0\"></span>rd Ob<span class=\"_ _0\"></span>ero<span class=\"_ _0\"></span>n), ex<span class=\"_ _0\"></span>tern<span class=\"_ _0\"></span>al vend<span class=\"_ _0\"></span>or (IH<span class=\"_ _0\"></span>S Mar<span class=\"_ _0\"></span>ki<span class=\"_ _0\"></span>t), interna<span class=\"_ _0\"></span>l mod<span class=\"_ _0\"></span>el or Co<span class=\"_ _0\"></span>unter<span class=\"_ _0\"></span>par<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>y Broker ma<span class=\"_ _0\"></span>rks<span class=\"_ _0\"></span>. In nor<span class=\"_ _0\"></span>mal mar<span class=\"_ _0\"></span>ket co<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s, we would c<span class=\"_ _0\"></span>onsi<span class=\"_ _0\"></span>der th<span class=\"_ _0\"></span>ese ma<span class=\"_ _0\"></span>rket pri<span class=\"_ _0\"></span>ces<span class=\"_ gsec\"> </span>to<span class=\"_ gsec\"> </span>b<span class=\"_ _0\"></span>e obse<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vab<span class=\"_ _0\"></span>le mar<span class=\"_ _0\"></span>ket pric<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>. Follow<span class=\"_ _0\"></span>ing co<span class=\"_ _0\"></span>nsul<span class=\"_ _0\"></span>tati<span class=\"_ _0\"></span>on with o<span class=\"_ _0\"></span>ur pri<span class=\"_ _0\"></span>cin<span class=\"_ _0\"></span>g provid<span class=\"_ _0\"></span>ers an<span class=\"_ _0\"></span>d a numb<span class=\"_ _0\"></span>er of their c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>utin<span class=\"_ _0\"></span>g broker<span class=\"_ _0\"></span>s, we have con<span class=\"_ _0\"></span>side<span class=\"_ _0\"></span>red th<span class=\"_ _0\"></span>at thes<span class=\"_ _0\"></span>e pric<span class=\"_ _0\"></span>es are not fro<span class=\"_ _0\"></span>m a suitab<span class=\"_ _0\"></span>ly ac<span class=\"_ _0\"></span>tive mar<span class=\"_ _0\"></span>ket and have the<span class=\"_ _0\"></span>refore clas<span class=\"_ _0\"></span>sif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d them as Leve<span class=\"_ _0\"></span>l 2. Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p\u2019s poli<span class=\"_ _0\"></span>cy is to re<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>sess c<span class=\"_ _0\"></span>ateg<span class=\"_ _0\"></span>oris<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial as<span class=\"_ _0\"></span>sets at t<span class=\"_ _0\"></span>he en<span class=\"_ _0\"></span>d of eac<span class=\"_ _0\"></span>h rep<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>ting pe<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>od an<span class=\"_ _0\"></span>d to reco<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>se tra<span class=\"_ _0\"></span>nsfers b<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en level<span class=\"_ _0\"></span>s<span class=\"_ gsec\"> </span>at that poin<span class=\"_ _0\"></span>t in time. At 31 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>24 debt se<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>riti<span class=\"_ _0\"></span>es totallin<span class=\"_ _0\"></span>g net \u00a30<span class=\"_ _0\"></span>.6b<span class=\"_ _0\"></span>n (2023<span class=\"_ _0\"></span>: \u00a30.7bn) transfer<span class=\"_ _0\"></span>red fr<span class=\"_ _0\"></span>om Level 2 to Level 1 in the fair<span class=\"_ gsec\"> </span>valu<span class=\"_ _0\"></span>e hier<span class=\"_ _0\"></span>arc<span class=\"_ _0\"></span>hy<span class=\"_ _1\"></span>. (b) Level <span class=\"_ _278\"></span><span class=\"ls1 ws0\">3<span class=\"ls18\"> asse<span class=\"_ _0\"></span>ts m<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>red at f<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>r va<span class=\"_ _0\"></span>lue<span class=\"_ _3b2\"> </span></span></span>Level 3 asse<span class=\"_ _0\"></span>ts, wh<span class=\"_ _0\"></span>ere mo<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>lling tec<span class=\"_ _0\"></span>hni<span class=\"_ _0\"></span>ques are us<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>, com<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>ise prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>y, <span class=\"_ _1\"></span>unqu<span class=\"_ _0\"></span>oted se<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>es, un<span class=\"_ _0\"></span>trad<span class=\"_ _0\"></span>ed de<span class=\"_ _0\"></span>bt sec<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>itie<span class=\"_ _0\"></span>s and se<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>es whe<span class=\"_ _0\"></span>re unqu<span class=\"_ _0\"></span>oted pr<span class=\"_ _0\"></span>ice<span class=\"_ _0\"></span>s are provid<span class=\"_ _0\"></span>ed by a single b<span class=\"_ _0\"></span>roker. <span class=\"_ _1\"></span>Un<span class=\"_ _0\"></span>quoted se<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ties in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>de susp<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d sec<span class=\"_ _0\"></span>uri<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>, inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nts in pri<span class=\"_ _0\"></span>vate equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y and prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>y vehic<span class=\"_ _0\"></span>les<span class=\"_ _0\"></span>. Untr<span class=\"_ _0\"></span>ade<span class=\"_ _0\"></span>d deb<span class=\"_ _0\"></span>t secu<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ties in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>de pr<span class=\"_ _0\"></span>ivate plac<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span>, co<span class=\"_ _0\"></span>mme<span class=\"_ _0\"></span>rci<span class=\"_ _0\"></span>al real est<span class=\"_ _0\"></span>ate loans<span class=\"_ _0\"></span>, inc<span class=\"_ _0\"></span>ome s<span class=\"_ _0\"></span>trip<span class=\"_ _0\"></span>s, reti<span class=\"_ _0\"></span>rem<span class=\"_ _0\"></span>ent intere<span class=\"_ _0\"></span>st on<span class=\"_ _0\"></span>ly and oth<span class=\"_ _0\"></span>er lif<span class=\"_ _1\"></span>etime<span class=\"_ _1\"></span> mortgages.<span class=\"_ _3b2\"> </span>In many situ<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns, in<span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>ts used to meas<span class=\"_ _0\"></span>ure the fair val<span class=\"_ _0\"></span>ue of an asset or lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ty m<span class=\"_ _0\"></span>ay fall into differe<span class=\"_ _0\"></span>nt leve<span class=\"_ _0\"></span>ls of the fair value hie<span class=\"_ _0\"></span>rarc<span class=\"_ _0\"></span>hy. In <span class=\"_ _1\"></span>the<span class=\"_ _0\"></span>se situ<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns, th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p deter<span class=\"_ _0\"></span>mine<span class=\"_ _0\"></span>s the leve<span class=\"_ _0\"></span>l in which th<span class=\"_ _0\"></span>e fair value falls bas<span class=\"_ _0\"></span>ed up<span class=\"_ _0\"></span>on the l<span class=\"_ _0\"></span>owest leve<span class=\"_ _0\"></span>l inpu<span class=\"_ _0\"></span>t that is signi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>can<span class=\"_ _0\"></span>t to the determi<span class=\"_ _0\"></span>natio<span class=\"_ _0\"></span>n of<span class=\"_ gsec\"> </span>the fair valu<span class=\"_ _0\"></span>e. As a resul<span class=\"_ _0\"></span>t, b<span class=\"_ _0\"></span>oth obse<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ble an<span class=\"_ _0\"></span>d unob<span class=\"_ _0\"></span>ser<span class=\"_ _3\"></span>vable in<span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>ts may be used in th<span class=\"_ _0\"></span>e deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ation of fair valu<span class=\"_ _0\"></span>es that the Gr<span class=\"_ _0\"></span>oup has<span class=\"_ _0\"></span> clas<span class=\"_ _0\"></span>sif<span class=\"_ _0\"></span>ied<span class=\"_ gsec\"> </span>w<span class=\"_ _0\"></span>ithi<span class=\"_ _0\"></span>n Level 3.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Group d<span class=\"_ _0\"></span>eterm<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>s the fair valu<span class=\"_ _0\"></span>es of cer<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ain f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial as<span class=\"_ _0\"></span>sets an<span class=\"_ _0\"></span>d liabili<span class=\"_ _0\"></span>ties ba<span class=\"_ _0\"></span>sed on qu<span class=\"_ _0\"></span>oted mar<span class=\"_ _0\"></span>ket pri<span class=\"_ _0\"></span>ces<span class=\"_ _0\"></span>, whe<span class=\"_ _0\"></span>re availabl<span class=\"_ _0\"></span>e. Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p also deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>es fair valu<span class=\"_ _0\"></span>e base<span class=\"_ _0\"></span>d on estim<span class=\"_ _0\"></span>ated fu<span class=\"_ _0\"></span>ture cas<span class=\"_ _0\"></span>h flows dis<span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>nted at the ap<span class=\"_ _0\"></span>prop<span class=\"_ _0\"></span>riate cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>t market rate. A<span class=\"_ _0\"></span>s appro<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>iate, fair valu<span class=\"_ _0\"></span>es refl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t adjus<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nts for co<span class=\"_ _0\"></span>unter<span class=\"_ _0\"></span>par<span class=\"_ _3\"></span>ty cr<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>t quali<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, <span class=\"_ _1\"></span>the Gro<span class=\"_ _0\"></span>up\u2019s cred<span class=\"_ _0\"></span>it sta<span class=\"_ _0\"></span>ndin<span class=\"_ _0\"></span>g, liq<span class=\"_ _0\"></span>uidi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y and risk m<span class=\"_ _0\"></span>argin<span class=\"_ _0\"></span>s on uno<span class=\"_ _0\"></span>bser<span class=\"_ _3\"></span>vable in<span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>ts.<span class=\"_ _3b2\"> </span>Fair valu<span class=\"_ _0\"></span>es are subje<span class=\"_ _0\"></span>ct to a cont<span class=\"_ _0\"></span>rol fra<span class=\"_ _0\"></span>mewo<span class=\"_ _0\"></span>rk des<span class=\"_ _0\"></span>igne<span class=\"_ _0\"></span>d to ensure that in<span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>t varia<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span>s and out<span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>ts are asses<span class=\"_ _0\"></span>sed in<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>nt of the risk take<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>. Th<span class=\"_ _0\"></span>ese inp<span class=\"_ _0\"></span>uts an<span class=\"_ _0\"></span>d out<span class=\"_ _0\"></span>put<span class=\"_ _0\"></span>s are reviewe<span class=\"_ _0\"></span>d and app<span class=\"_ _0\"></span>roved by a valuatio<span class=\"_ _0\"></span>n co<span class=\"_ _0\"></span>mmi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tee and vali<span class=\"_ _0\"></span>dated ind<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ly as appr<span class=\"_ _0\"></span>opr<span class=\"_ _0\"></span>iate.<span class=\"_ _3b2\"> </span><table class=\"s w20d h158\" id=\"_8a827fcb-1691-4961-8b78-2eb2ea8ad7ad\"><tr><td></td><td></td><td></td><td class=\"t m0 x680 h13 y435e ff5 fs9 fc1 sc0 ls1 ws0\">Othe<span class=\"_ _0\"></span>r </td><td></td><td></td><td></td><td class=\"t m0 x325 hf y435e ff3 fs9 fc1 sc0 ls1b ws1f\">Other<span class=\"_ _0\"></span> <span class=\"ls1 ws0\"> </span></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"t m0 x7bd h13 y435f ff5 fs9 fc1 sc0 ls1 ws0\">Equit<span class=\"_ _0\"></span>y </td><td class=\"t m0 x7be h13 y435f ff5 fs9 fc1 sc0 ls38 ws3a\">financial </td><td class=\"t m0 x4e9 h13 y435f ff6 fs9 fc1 sc0 ls2c ws34\">Inve<span class=\"_ _1\"></span>stment </td><td></td><td class=\"t m0 x45d hf y435f ff3 fs9 fc1 sc0 ls111 wsc0\">Equit<span class=\"_ _0\"></span>y </td><td class=\"t m0 x7bf hf y435f ff3 fs9 fc1 sc0 ls187 ws19c\">financial </td><td class=\"t m0 x658 hf y435f ff3 fs9 fc1 sc0 ls187 ws19c\">Investment </td><td></td></tr><tr><td></td><td></td><td class=\"t m0 x7c0 h13 y4360 ff5 fs9 fc1 sc0 ls1 ws0\">securities </td><td class=\"t m0 x45b h13 y4360 ff6 fs9 fc1 sc0 ls3d ws131\">investments </td><td class=\"t m0 x5ef h13 y4360 ff5 fs9 fc1 sc0 ls1 ws0\">proper<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y  </td><td class=\"t m0 x430 h13 y4360 ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x286 hf y4360 ff3 fs9 fc1 sc0 ls168 ws183\">securities </td><td class=\"t m0 x499 hf y4360 ff3 fs9 fc1 sc0 ls187 ws19c\">investments </td><td class=\"t m0 x7c1 hf y4360 ff3 fs9 fc1 sc0 ls3b ws45\">property <span class=\"ls1 ws0\"> </span></td><td class=\"t m0 x1c7 hf y4360 ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x7c2 h13 y4361 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x7c3 h13 y4361 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x7c4 h13 y4361 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x430 h13 y4361 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x26f hf y4361 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x26c hf y4361 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x7c5 hf y4361 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c7 hf y4361 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x7c6 h13 y4362 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x321 h13 y4362 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x464 h13 y4362 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x432 h13 y4362 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x465 hf y4362 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x466 hf y4362 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x467 hf y4362 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 hf y4362 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y41d1 w1d8 h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws0\">As a<span class=\"_ _0\"></span>t 1 Ja<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x7c7 y41d1 w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,392<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7c8 y41d1 w2f h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">20,463<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7c9 y41d1 w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">8,893<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7ca y41d1 w2f h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">31,748<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7cb y41d1 w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,307<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7cc y41d1 w3e h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">16,421<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7cd y41d1 w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">9,372<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7ce y41d1 w3e h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">28,100<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 h1a y4363 ff3 fs6 fc1 sc0 ls56 ws0\">T<span class=\"_ _1\"></span>otal ga<span class=\"_ _0\"></span>ins<span class=\"_ _0\"></span>/(lo<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s) for the y<span class=\"_ _0\"></span>ear<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4189 w114 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c x405 y4189 w20e h11a\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">realised gains<span class=\"_ _1\"></span> or (losses)</div><div class=\"t m0 x7cf h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7d0 y4189 w1e1 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7d1 y4189 w41 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(17)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7d2 y4189 wb4 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(2)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7d3 y4189 w41 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(15)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7d4 y4189 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">24<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7d5 y4189 w3b h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(432)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7d6 y4189 w50 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7d7 y4189 w3b h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(405)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y417f w114 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c x405 y417f w20f h11a\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">unrealised gains<span class=\"_ _1\"></span> or (losses)</div><div class=\"t m0 x7d8 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7d9 y417f w3a h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(208)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7da y417f w3a h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(278)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7db y417f w41 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(20)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7dc y417f w3a h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(506)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7dd y417f w5a h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(34)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7de y417f w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">357<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7df y417f w3b h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(923)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7e0 y417f w3b h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(600)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c0 w210 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10a ws118\">Purchases/<span class=\"_ _1\"></span>Additions<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x7e1 y40c0 w4a h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">789<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7e2 y40c0 w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">5,649<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7e3 y40c0 w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,502<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7e4 y40c0 w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">7,940<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7e5 y40c0 w42 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">278<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7e6 y40c0 w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">6,009<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7e7 y40c0 w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,264<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7e8 y40c0 w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">7,551<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c1 w211 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10a ws118\">Disposals/Dereco<span class=\"_ _0\"></span>gnitions<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x7e9 y40c1 w3a h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(364)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7ea y40c1 w33 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(3,369)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7eb y40c1 w3a h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(552)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7ec y40c1 w33 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(4,285)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7ed y40c1 w3b h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(149)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7ee y40c1 w34 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(2,018)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7ef y40c1 w3b h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(854)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7f0 y40c1 w34 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(3,021)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4182 w212 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">T<span class=\"_ _1\"></span>ransfe<span class=\"_ _0\"></span>rs i<span class=\"_ _0\"></span>nto Lev<span class=\"_ _0\"></span>el 3<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x7f1 y4182 wa4 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7f2 y4182 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">70<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7f3 y4182 wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7f4 y4182 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">70<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7f5 y4182 w50 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7f6 y4182 w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">241<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7f7 y4182 wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7f8 y4182 w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">243<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4183 w213 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">T<span class=\"_ _1\"></span>ransfe<span class=\"_ _0\"></span>rs o<span class=\"_ _0\"></span>ut of L<span class=\"_ _0\"></span>eve<span class=\"_ _0\"></span>l 3<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x7f9 y4183 wa4 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7fa y4183 w3a h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(144)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7fb y4183 wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7fc y4183 w3a h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(144)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7fd y4183 wc0 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(3)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7fe y4183 wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7ff y4183 wbf h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x800 y4183 w6a h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(3)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4184 w214 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">For<span class=\"_ _0\"></span>eig<span class=\"_ _0\"></span>n exc<span class=\"_ _0\"></span>han<span class=\"_ _0\"></span>ge r<span class=\"_ _0\"></span>ate move<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x801 y4184 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">14<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x802 y4184 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">38<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x803 y4184 w1e1 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x804 y4184 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">53<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x805 y4184 w71 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(33)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x806 y4184 w3b h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(115)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x807 y4184 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">31<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x808 y4184 w3b h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(117)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w1db h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls12e wsca\">As at<span class=\"_ _1\"></span> 31<span class=\"_ _1\"></span> December<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x809 y40ae w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,627<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x80a y40ae w215 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">22,412<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x80b y40ae w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">9,822<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x80c y40ae w2f h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">34,861<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x80d y40ae w30 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,392<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x80e y40ae w3e h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">20,463<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x80f y40ae w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">8,893<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x810 y40ae w3e h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">31,748<span class=\"_ _3b2\"> </span></div></td></tr></table>1.<span class=\"_ _1d\"> </span>Re<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d a<span class=\"_ _0\"></span>nd u<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>ed g<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>/(l<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>es) ar<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>ed i<span class=\"_ _0\"></span>n In<span class=\"_ _0\"></span>ves<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t re<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>n in t<span class=\"_ _0\"></span>he C<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed I<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e S<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Equity s<span class=\"_ _1\"></span>ecurities<span class=\"_ _3b2\"> </span>Level 3 equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y se<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>es amo<span class=\"_ _0\"></span>unt to \u00a32<span class=\"_ _0\"></span>,62<span class=\"_ _0\"></span>7m (<span class=\"_ _1\"></span>20<span class=\"_ _0\"></span>23<span class=\"_ _0\"></span>: \u00a32<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>92<span class=\"_ _0\"></span>m), of <span class=\"_ _1\"></span>whic<span class=\"_ _0\"></span>h the majo<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y is made up of hold<span class=\"_ _0\"></span>ings in inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y vehi<span class=\"_ _0\"></span>cle<span class=\"_ _0\"></span>s and<span class=\"_ gsec\"> </span>pr<span class=\"_ _0\"></span>ivate inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt fun<span class=\"_ _0\"></span>ds. T<span class=\"_ _0\"></span>hey are valu<span class=\"_ _0\"></span>ed at the pro<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on of the Grou<span class=\"_ _0\"></span>p\u2019s holdin<span class=\"_ _0\"></span>g of the Net As<span class=\"_ _0\"></span>set Value re<span class=\"_ _0\"></span>por<span class=\"_ _3\"></span>ted by the investm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span> vehic<span class=\"_ _0\"></span>les<span class=\"_ _0\"></span>.<span class=\"_ gsec\"> </span>O<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y se<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>es are value<span class=\"_ _0\"></span>d by a numbe<span class=\"_ _0\"></span>r of third<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y spe<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>alists us<span class=\"_ _0\"></span>ing a ran<span class=\"_ _0\"></span>ge of techni<span class=\"_ _0\"></span>que<span class=\"_ _0\"></span>s which are of<span class=\"_ _0\"></span>ten de<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>nt on<span class=\"_ _0\"></span> the<span class=\"_ gsec\"> </span>ma<span class=\"_ _0\"></span>turi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y of<span class=\"_ gsec\"> </span>the und<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>lyi<span class=\"_ _0\"></span>ng invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt but c<span class=\"_ _0\"></span>an also de<span class=\"_ _0\"></span>pen<span class=\"_ _0\"></span>d on the ch<span class=\"_ _0\"></span>ara<span class=\"_ _0\"></span>cteri<span class=\"_ _0\"></span>stic<span class=\"_ _0\"></span>s of indiv<span class=\"_ _0\"></span>idua<span class=\"_ _0\"></span>l assets<span class=\"_ _0\"></span>. Su<span class=\"_ _0\"></span>ch tec<span class=\"_ _0\"></span>hniq<span class=\"_ _0\"></span>ues in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>de tran<span class=\"_ _0\"></span>sac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n value<span class=\"_ _0\"></span>s unde<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>inn<span class=\"_ _0\"></span>ed by anal<span class=\"_ _0\"></span>ysis of miles<span class=\"_ _0\"></span>tone ac<span class=\"_ _0\"></span>hieve<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t and cas<span class=\"_ _0\"></span>h runway for earl<span class=\"_ _0\"></span>y/<span class=\"_ _1\"></span>star<span class=\"_ _3\"></span>t-<span class=\"_ _0\"></span>up stag<span class=\"_ _0\"></span>e invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts, dis<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>unted ca<span class=\"_ _0\"></span>sh fl<span class=\"_ _0\"></span>ow mod<span class=\"_ _0\"></span>els for<span class=\"_ gsec\"> </span>inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nts at the nex<span class=\"_ _0\"></span>t st<span class=\"_ _0\"></span>age of devel<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt and ear<span class=\"_ _0\"></span>nin<span class=\"_ _0\"></span>gs mul<span class=\"_ _0\"></span>tipl<span class=\"_ _0\"></span>es for more matu<span class=\"_ _0\"></span>re invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts.<span class=\"_ _3b2\"> </span>(b) Level <span class=\"_ _278\"></span><span class=\"ls1 ws0\">3<span class=\"ls18\"> asse<span class=\"_ _0\"></span>ts m<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>red at f<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>r va<span class=\"_ _0\"></span>lue <span class=\"ff86 lsd ws7f\">c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>nue<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></span></span></span>Other financial in<span class=\"_ _1\"></span>vestments<span class=\"_ _3b2\"> </span>Lifeti<span class=\"_ _0\"></span>me mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tgag<span class=\"_ _0\"></span>e (L<span class=\"_ _1\"></span>TM) loa<span class=\"_ _0\"></span>ns and reti<span class=\"_ _0\"></span>rem<span class=\"_ _0\"></span>ent intere<span class=\"_ _0\"></span>st on<span class=\"_ _0\"></span>ly mor<span class=\"_ _3\"></span>tgage<span class=\"_ _0\"></span>s amou<span class=\"_ _0\"></span>nt to \u00a35,<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>6<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>m (2023<span class=\"_ _0\"></span>: \u00a35,766<span class=\"_ _0\"></span>m). <span class=\"_ _1\"></span>Lifeti<span class=\"_ _0\"></span>me mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tgag<span class=\"_ _0\"></span>es are valu<span class=\"_ _0\"></span>ed usi<span class=\"_ _0\"></span>ng a disco<span class=\"_ _0\"></span>unted c<span class=\"_ _0\"></span>ash fl<span class=\"_ _0\"></span>ow mod<span class=\"_ _0\"></span>el by proje<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ng be<span class=\"_ _0\"></span>st esti<span class=\"_ _0\"></span>mate net ass<span class=\"_ _0\"></span>et proc<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>eds an<span class=\"_ _0\"></span>d disco<span class=\"_ _0\"></span>unted us<span class=\"_ _0\"></span>ing rates infer<span class=\"_ _0\"></span>red fro<span class=\"_ _0\"></span>m cur<span class=\"_ _0\"></span>rent L<span class=\"_ _1\"></span>TM lo<span class=\"_ _0\"></span>an pri<span class=\"_ _0\"></span>cin<span class=\"_ _0\"></span>g. Th<span class=\"_ _0\"></span>e inf<span class=\"_ _1\"></span>er<span class=\"_ _0\"></span>red illiqui<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>y premi<span class=\"_ _0\"></span>ums for <span class=\"_ _1\"></span>the majo<span class=\"_ _0\"></span>rit<span class=\"_ _0\"></span>y of <span class=\"_ _1\"></span>the por<span class=\"_ _3\"></span>tfoli<span class=\"_ _0\"></span>o range bet<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n 1<span class=\"_ _4\"></span>5<span class=\"_ _0\"></span>0 and 2<span class=\"_ _1\"></span>5<span class=\"_ _0\"></span>0b<span class=\"_ _0\"></span>ps. This ensu<span class=\"_ _0\"></span>res the value of <span class=\"_ _1\"></span>loans at <span class=\"_ _1\"></span>out<span class=\"_ _0\"></span>set is <span class=\"_ _1\"></span>con<span class=\"_ _0\"></span>sisten<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> with th<span class=\"_ _0\"></span>e purc<span class=\"_ _0\"></span>hase pr<span class=\"_ _0\"></span>ice of the lo<span class=\"_ _0\"></span>an and ac<span class=\"_ _0\"></span>hieve<span class=\"_ _0\"></span>s cons<span class=\"_ _0\"></span>isten<span class=\"_ _0\"></span>cy bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en new an<span class=\"_ _0\"></span>d in<span class=\"_ _0\"></span>-for<span class=\"_ _0\"></span>ce loa<span class=\"_ _0\"></span>ns. L<span class=\"_ _0\"></span>ifetim<span class=\"_ _0\"></span>e mor<span class=\"_ _3\"></span>tgages in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>de a no neg<span class=\"_ _0\"></span>ative eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> guar<span class=\"_ _0\"></span>antee (N<span class=\"_ _0\"></span>NE<span class=\"_ _0\"></span>G) <span class=\"_ _1\"></span>to borr<span class=\"_ _0\"></span>owers<span class=\"_ _0\"></span>. This en<span class=\"_ _0\"></span>sure<span class=\"_ _0\"></span>s that if there is a sho<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>fall be<span class=\"_ _0\"></span>twe<span class=\"_ _0\"></span>en th<span class=\"_ _0\"></span>e sale pro<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>s of the prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y an<span class=\"_ _0\"></span>d the ou<span class=\"_ _0\"></span>tsta<span class=\"_ _0\"></span>ndin<span class=\"_ _0\"></span>g loan<span class=\"_ _0\"></span> balan<span class=\"_ _0\"></span>ce o<span class=\"_ _0\"></span>n rede<span class=\"_ _0\"></span>mptio<span class=\"_ _0\"></span>n of the loan<span class=\"_ _0\"></span>, the valu<span class=\"_ _0\"></span>e of the loan will b<span class=\"_ _0\"></span>e redu<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>d by this amou<span class=\"_ _0\"></span>nt. T<span class=\"_ _0\"></span>he NN<span class=\"_ _0\"></span>EG on loa<span class=\"_ _0\"></span>n rede<span class=\"_ _0\"></span>mpti<span class=\"_ _0\"></span>on is value<span class=\"_ _0\"></span>d as a serie<span class=\"_ _0\"></span>s of put<span class=\"_ gsec\"> </span>o<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>, which we cal<span class=\"_ _0\"></span>cul<span class=\"_ _0\"></span>ate using a varia<span class=\"_ _0\"></span>nt of the Blac<span class=\"_ _0\"></span>k-<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>ole<span class=\"_ _0\"></span>s formu<span class=\"_ _0\"></span>la. Key assu<span class=\"_ _0\"></span>mpti<span class=\"_ _0\"></span>ons in the val<span class=\"_ _0\"></span>uatio<span class=\"_ _0\"></span>n of lifetime mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tgag<span class=\"_ _0\"></span>es inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>e sho<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t-<span class=\"_ _0\"></span>term an<span class=\"_ _0\"></span>d long<span class=\"_ _3\"></span>-term p<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y grow<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h rates, pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y ind<span class=\"_ _0\"></span>ex volati<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y, voluntar<span class=\"_ _3\"></span>y earl<span class=\"_ _0\"></span>y repaym<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts and lon<span class=\"_ _0\"></span>gev<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y assu<span class=\"_ _0\"></span>mpti<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e valuatio<span class=\"_ _0\"></span>n as<span class=\"_ gsec\"> </span>at 31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2024 ref<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>cts a co<span class=\"_ _0\"></span>mbin<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of shor<span class=\"_ _0\"></span>t-<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>m and lon<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>-ter<span class=\"_ _0\"></span>m pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y grow<span class=\"_ _0\"></span>th rate assu<span class=\"_ _0\"></span>mpti<span class=\"_ _0\"></span>ons eq<span class=\"_ _0\"></span>uival<span class=\"_ _0\"></span>ent to a flat rate of 3.4% annu<span class=\"_ _0\"></span>ally, after all<span class=\"_ _0\"></span>owing for the ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>ts of dilapi<span class=\"_ _0\"></span>datio<span class=\"_ _0\"></span>n. T<span class=\"_ _0\"></span>he valu<span class=\"_ _0\"></span>es of the prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ties co<span class=\"_ _0\"></span>llateral<span class=\"_ _0\"></span>ising th<span class=\"_ _0\"></span>e L<span class=\"_ _1\"></span>TM loans are up<span class=\"_ _0\"></span>dated fro<span class=\"_ _0\"></span>m the date of the last pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y valu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n to the valuatio<span class=\"_ _0\"></span>n date by indexin<span class=\"_ _0\"></span>g using U<span class=\"_ _0\"></span>K regio<span class=\"_ _0\"></span>nal ho<span class=\"_ _0\"></span>use pr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e indic<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Pri<span class=\"_ _0\"></span>vate credi<span class=\"_ _0\"></span>t loan<span class=\"_ _0\"></span>s (inc<span class=\"_ _0\"></span>ludi<span class=\"_ _0\"></span>ng co<span class=\"_ _0\"></span>mme<span class=\"_ _0\"></span>rci<span class=\"_ _0\"></span>al real est<span class=\"_ _0\"></span>ate loans) amount to \u00a31<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>,779<span class=\"_ _0\"></span>m (202<span class=\"_ _0\"></span>3: \u00a310,5<span class=\"_ _0\"></span>7<span class=\"_ _1\"></span>4<span class=\"_ _0\"></span>m). <span class=\"_ _1\"></span>Th<span class=\"_ _0\"></span>eir valu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n is determ<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d by disco<span class=\"_ _0\"></span>unted<span class=\"_ _0\"></span> fut<span class=\"_ _0\"></span>ure cas<span class=\"_ _0\"></span>h flows whi<span class=\"_ _0\"></span>ch are base<span class=\"_ _0\"></span>d on the yi<span class=\"_ _0\"></span>eld c<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ve of the As<span class=\"_ _0\"></span>set Ma<span class=\"_ _0\"></span>nage<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt app<span class=\"_ _0\"></span>roved co<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>rab<span class=\"_ _0\"></span>le bo<span class=\"_ _0\"></span>nds and th<span class=\"_ _0\"></span>e initi<span class=\"_ _0\"></span>al spre<span class=\"_ _0\"></span>ad, bot<span class=\"_ _0\"></span>h of which are agre<span class=\"_ _0\"></span>ed by IHS M<span class=\"_ _0\"></span>ark<span class=\"_ _0\"></span>it wh<span class=\"_ _0\"></span>o also provid<span class=\"_ _0\"></span>e an inde<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>ent valu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of compa<span class=\"_ _0\"></span>rab<span class=\"_ _0\"></span>le bo<span class=\"_ _0\"></span>nds<span class=\"_ _0\"></span>. Uno<span class=\"_ _0\"></span>bse<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vab<span class=\"_ _0\"></span>le inp<span class=\"_ _0\"></span>uts that g<span class=\"_ _0\"></span>o into the deter<span class=\"_ _0\"></span>minat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span> of<span class=\"_ gsec\"> </span>com<span class=\"_ _0\"></span>par<span class=\"_ _0\"></span>ators inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>e ratin<span class=\"_ _0\"></span>g, se<span class=\"_ _0\"></span>ctor, sub<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ctor, per<span class=\"_ _0\"></span>form<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e dy<span class=\"_ _0\"></span>nami<span class=\"_ _0\"></span>cs<span class=\"_ _0\"></span>, fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cing s<span class=\"_ _0\"></span>tru<span class=\"_ _0\"></span>ctu<span class=\"_ _0\"></span>re and dur<span class=\"_ _0\"></span>ation of invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt. E<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>istin<span class=\"_ _0\"></span>g pri<span class=\"_ _0\"></span>vate credi<span class=\"_ _0\"></span>t invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts, whi<span class=\"_ _0\"></span>ch were exe<span class=\"_ _0\"></span>cute<span class=\"_ _0\"></span>d as far back as 201<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>, are subje<span class=\"_ _0\"></span>ct to a range of interes<span class=\"_ _0\"></span>t rate formats<span class=\"_ _0\"></span>, alth<span class=\"_ _0\"></span>oug<span class=\"_ _0\"></span>h the majo<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y are fixe<span class=\"_ _0\"></span>d rate. The<span class=\"_ _0\"></span> weighte<span class=\"_ _0\"></span>d average du<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>on of the por<span class=\"_ _3\"></span>tfol<span class=\"_ _0\"></span>io is 7<span class=\"_ _4\"></span>.6 years<span class=\"_ _0\"></span>, wit<span class=\"_ _0\"></span>h a weighted averag<span class=\"_ _0\"></span>e life of 1<span class=\"_ _4\"></span>1.0 <span class=\"_ _1\"></span>year<span class=\"_ _0\"></span>s. Matu<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ties in th<span class=\"_ _0\"></span>e por<span class=\"_ _3\"></span>tfoli<span class=\"_ _0\"></span>o curr<span class=\"_ _0\"></span>entl<span class=\"_ _0\"></span>y ex<span class=\"_ _0\"></span>tend out<span class=\"_ gsec\"> </span>to<span class=\"_ gsec\"> </span>20<span class=\"_ _0\"></span>7<span class=\"_ _1\"></span>4. The pr<span class=\"_ _0\"></span>ivate cre<span class=\"_ _0\"></span>dit p<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>foli<span class=\"_ _0\"></span>o of assets has inter<span class=\"_ _0\"></span>nal rati<span class=\"_ _0\"></span>ngs ass<span class=\"_ _0\"></span>igne<span class=\"_ _0\"></span>d by an inde<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>nt cre<span class=\"_ _0\"></span>dit team in lin<span class=\"_ _0\"></span>e with inter<span class=\"_ _0\"></span>nall<span class=\"_ _0\"></span>y devel<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span> meth<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>olo<span class=\"_ _0\"></span>gie<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>hese c<span class=\"_ _0\"></span>redi<span class=\"_ _0\"></span>t ratin<span class=\"_ _0\"></span>gs rang<span class=\"_ _0\"></span>e from A<span class=\"_ _3\"></span>A<span class=\"_ _3\"></span>A to <span class=\"_ _1\"></span>BB<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Pri<span class=\"_ _0\"></span>vate place<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts he<span class=\"_ _0\"></span>ld by the US bus<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>ss amo<span class=\"_ _0\"></span>unt to \u00a32<span class=\"_ _0\"></span>,<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>81<span class=\"_ _1\"></span>m (2023<span class=\"_ _0\"></span>: \u00a31,68<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>m). They are valu<span class=\"_ _0\"></span>ed usi<span class=\"_ _0\"></span>ng a pric<span class=\"_ _0\"></span>ing mat<span class=\"_ _0\"></span>rix co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>rise<span class=\"_ _0\"></span>d of a public<span class=\"_ _0\"></span> spre<span class=\"_ _0\"></span>ad matri<span class=\"_ _0\"></span>x, in<span class=\"_ _0\"></span>terna<span class=\"_ _0\"></span>l rating<span class=\"_ _0\"></span>s assign<span class=\"_ _0\"></span>ed to each h<span class=\"_ _0\"></span>oldi<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>, average life of eac<span class=\"_ _0\"></span>h holdi<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>, and a prem<span class=\"_ _0\"></span>ium spre<span class=\"_ _0\"></span>ad matr<span class=\"_ _0\"></span>ix<span class=\"_ _0\"></span>. The<span class=\"_ _0\"></span>se are add<span class=\"_ _0\"></span>ed to the risk-<span class=\"_ _0\"></span>fre<span class=\"_ _0\"></span>e rate to calcul<span class=\"_ _0\"></span>ate the disco<span class=\"_ _0\"></span>unted c<span class=\"_ _0\"></span>ash fl<span class=\"_ _0\"></span>ows and est<span class=\"_ _0\"></span>ablis<span class=\"_ _0\"></span>h a market valu<span class=\"_ _0\"></span>e for each inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt gra<span class=\"_ _0\"></span>de pri<span class=\"_ _0\"></span>vate plac<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>. The val<span class=\"_ _0\"></span>uatio<span class=\"_ _0\"></span>n as<span class=\"_ gsec\"> </span>at<span class=\"_ gsec\"> </span>31 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>24 refle<span class=\"_ _0\"></span>cts ill<span class=\"_ _0\"></span>iquid<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y pre<span class=\"_ _0\"></span>mium<span class=\"_ _0\"></span>s bet<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n 20 and 70<span class=\"_ _0\"></span>bps<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e stri<span class=\"_ _0\"></span>p assets am<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nt to \u00a31<span class=\"_ _1\"></span>,28<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>m (202<span class=\"_ _0\"></span>3: \u00a31,3<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>6m). The<span class=\"_ _0\"></span>ir valuati<span class=\"_ _0\"></span>on is ou<span class=\"_ _0\"></span>tsou<span class=\"_ _0\"></span>rce<span class=\"_ _0\"></span>d to Knight Fra<span class=\"_ _0\"></span>nk and CB<span class=\"_ _0\"></span>RE wh<span class=\"_ _0\"></span>o appl<span class=\"_ _0\"></span>y a yield to matur<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y to<span class=\"_ gsec\"> </span>disco<span class=\"_ _0\"></span>unted fu<span class=\"_ _0\"></span>ture c<span class=\"_ _0\"></span>ash fl<span class=\"_ _0\"></span>ows to derive valu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns. T<span class=\"_ _0\"></span>he overa<span class=\"_ _0\"></span>ll valuati<span class=\"_ _0\"></span>on takes into acc<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nt the pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y lo<span class=\"_ _0\"></span>cati<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>, tenant de<span class=\"_ _0\"></span>tails<span class=\"_ _0\"></span>, tenure<span class=\"_ _0\"></span>, rent<span class=\"_ _0\"></span>, renta<span class=\"_ _0\"></span>l break ter<span class=\"_ _0\"></span>ms, l<span class=\"_ _0\"></span>ease exp<span class=\"_ _0\"></span>iri<span class=\"_ _0\"></span>es and un<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>ly<span class=\"_ _0\"></span>ing resi<span class=\"_ _0\"></span>dual val<span class=\"_ _0\"></span>ue of the prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ty. The valu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n as at 31 <span class=\"_ _1\"></span>De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>24 refl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ts equi<span class=\"_ _0\"></span>vale<span class=\"_ _0\"></span>nt yie<span class=\"_ _0\"></span>ld rang<span class=\"_ _0\"></span>es be<span class=\"_ _0\"></span>twe<span class=\"_ _0\"></span>en 2<span class=\"_ _0\"></span>% and 1<span class=\"_ _1\"></span>7% and es<span class=\"_ _0\"></span>tima<span class=\"_ _0\"></span>ted rental val<span class=\"_ _0\"></span>ues (E<span class=\"_ _0\"></span>RV<span class=\"_ _0\"></span>) b<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n \u00a37 and \u00a3<span class=\"_ _0\"></span>367 pe<span class=\"_ _0\"></span>r sq.f<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Co<span class=\"_ _0\"></span>mm<span class=\"_ _0\"></span>erci<span class=\"_ _0\"></span>al mor<span class=\"_ _3\"></span>tgage loa<span class=\"_ _0\"></span>ns amo<span class=\"_ _0\"></span>unt to \u00a38<span class=\"_ _0\"></span>4<span class=\"_ _3\"></span>3m (202<span class=\"_ _0\"></span>3: \u00a37<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>m) <span class=\"_ _1\"></span>and are de<span class=\"_ _0\"></span>term<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d by inco<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>orat<span class=\"_ _0\"></span>ing cre<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t risk for per<span class=\"_ _3\"></span>formi<span class=\"_ _0\"></span>ng loa<span class=\"_ _0\"></span>ns at the por<span class=\"_ _3\"></span>tfol<span class=\"_ _0\"></span>io level an<span class=\"_ _0\"></span>d adjus<span class=\"_ _0\"></span>ted for loans id<span class=\"_ _0\"></span>enti<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ed to be distre<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>d at the loan le<span class=\"_ _0\"></span>vel. T<span class=\"_ _0\"></span>he pro<span class=\"_ _0\"></span>jec<span class=\"_ _0\"></span>ted cas<span class=\"_ _0\"></span>h flows of eac<span class=\"_ _0\"></span>h loan are disc<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nted alo<span class=\"_ _0\"></span>ng stoc<span class=\"_ _0\"></span>hasti<span class=\"_ _0\"></span>c risk-<span class=\"_ _0\"></span>fre<span class=\"_ _0\"></span>e rate paths and are in<span class=\"_ _0\"></span>clus<span class=\"_ _0\"></span>ive of an Optio<span class=\"_ _0\"></span>n Adjus<span class=\"_ _0\"></span>ted Spre<span class=\"_ _0\"></span>ad (OAS), de<span class=\"_ _0\"></span>rive<span class=\"_ _0\"></span>d from cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nt inter<span class=\"_ _0\"></span>nal pr<span class=\"_ _0\"></span>icin<span class=\"_ _0\"></span>g on new lo<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>, alon<span class=\"_ _0\"></span>g with<span class=\"_ gsec\"> </span>t<span class=\"_ _0\"></span>he bes<span class=\"_ _0\"></span>t obse<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ble inp<span class=\"_ _0\"></span>uts<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e valuati<span class=\"_ _0\"></span>on as at 31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2024 ref<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>cts illiq<span class=\"_ _0\"></span>uidi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y prem<span class=\"_ _0\"></span>iums b<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n 20 and 50<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>ps.<span class=\"_ _3b2\"> </span>Ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r debt se<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>es whic<span class=\"_ _0\"></span>h are not trad<span class=\"_ _0\"></span>ed in an ac<span class=\"_ _0\"></span>tive mar<span class=\"_ _0\"></span>ket amou<span class=\"_ _0\"></span>nt to \u00a346<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>m (202<span class=\"_ _0\"></span>3: \u00a3<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>49m). They have be<span class=\"_ _0\"></span>en valu<span class=\"_ _0\"></span>ed usi<span class=\"_ _0\"></span>ng third<span class=\"_ _3\"></span>-p<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y or<span class=\"_ _0\"></span> cou<span class=\"_ _0\"></span>nter<span class=\"_ _0\"></span>par<span class=\"_ _3\"></span>ty valu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns, an<span class=\"_ _0\"></span>d thes<span class=\"_ _0\"></span>e pric<span class=\"_ _0\"></span>es are co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>d to be unobs<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ble du<span class=\"_ _0\"></span>e to infreque<span class=\"_ _0\"></span>nt mar<span class=\"_ _0\"></span>ket tran<span class=\"_ _0\"></span>sac<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s. Inv<span class=\"_ _1\"></span>estment property<span class=\"_ _3b2\"> </span>Level 3 invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ty am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ting to \u00a39,<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2m (202<span class=\"_ _0\"></span>3: \u00a3<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>89<span class=\"_ _0\"></span>3m) is valued wi<span class=\"_ _0\"></span>th the invol<span class=\"_ _0\"></span>vem<span class=\"_ _0\"></span>ent of ex<span class=\"_ _0\"></span>tern<span class=\"_ _0\"></span>al value<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>. All pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y valua<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s in the UK are c<span class=\"_ _0\"></span>arr<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d out in ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>rdan<span class=\"_ _0\"></span>ce wit<span class=\"_ _0\"></span>h the latest ed<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>on of the Valuatio<span class=\"_ _0\"></span>n S<span class=\"_ _0\"></span>tand<span class=\"_ _0\"></span>ards pu<span class=\"_ _0\"></span>blish<span class=\"_ _0\"></span>ed by the Royal In<span class=\"_ _0\"></span>stit<span class=\"_ _0\"></span>ute of Char<span class=\"_ _0\"></span>tere<span class=\"_ _0\"></span>d Su<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>veyo<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>, and are und<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>aken by appro<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>iately qu<span class=\"_ _0\"></span>alif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d value<span class=\"_ _0\"></span>rs as def<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d the<span class=\"_ _0\"></span>rein<span class=\"_ _0\"></span>. Ou<span class=\"_ _0\"></span>tsid<span class=\"_ _0\"></span>e the UK<span class=\"_ _0\"></span>, valu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns are prod<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>ed in co<span class=\"_ _0\"></span>njun<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on wit<span class=\"_ _0\"></span>h ex<span class=\"_ _0\"></span>terna<span class=\"_ _0\"></span>l qualif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d professi<span class=\"_ _0\"></span>onal valu<span class=\"_ _0\"></span>es in the count<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>s conc<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>d. Whil<span class=\"_ _0\"></span>st trans<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>ion evid<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ce und<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>pins the valuat<span class=\"_ _0\"></span>ion pro<span class=\"_ _0\"></span>ces<span class=\"_ _0\"></span>s, the def<span class=\"_ _0\"></span>ini<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of <span class=\"_ _1\"></span>mar<span class=\"_ _0\"></span>ket value, inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span> the co<span class=\"_ _0\"></span>mme<span class=\"_ _0\"></span>ntar<span class=\"_ _3\"></span>y, <span class=\"_ _1\"></span>in practi<span class=\"_ _0\"></span>ce requ<span class=\"_ _0\"></span>ires the value<span class=\"_ _0\"></span>r to <span class=\"_ _1\"></span>refl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t the realiti<span class=\"_ _0\"></span>es of <span class=\"_ _1\"></span>the cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>t market<span class=\"_ _0\"></span>. In <span class=\"_ _1\"></span>this con<span class=\"_ _0\"></span>tex<span class=\"_ _0\"></span>t, value<span class=\"_ _0\"></span>rs mus<span class=\"_ _0\"></span>t use their mar<span class=\"_ _0\"></span>ket<span class=\"_ gsec\"> </span>kn<span class=\"_ _0\"></span>owle<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span> and profess<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>al judg<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent an<span class=\"_ _0\"></span>d not rely onl<span class=\"_ _0\"></span>y upo<span class=\"_ _0\"></span>n mar<span class=\"_ _0\"></span>ket senti<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t based o<span class=\"_ _0\"></span>n histori<span class=\"_ _0\"></span>c trans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>al com<span class=\"_ _0\"></span>par<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>es.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e valuati<span class=\"_ _0\"></span>on of investm<span class=\"_ _0\"></span>ent pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es also in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>es an inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e app<span class=\"_ _0\"></span>roac<span class=\"_ _0\"></span>h that is base<span class=\"_ _0\"></span>d on cur<span class=\"_ _0\"></span>rent ren<span class=\"_ _0\"></span>tal inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e plus ant<span class=\"_ _0\"></span>icip<span class=\"_ _0\"></span>ated upli<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ts,<span class=\"_ _0\"></span> whe<span class=\"_ _0\"></span>re<span class=\"_ gsec\"> </span>the up<span class=\"_ _0\"></span>lif<span class=\"_ _0\"></span>t and dis<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>unt rates are de<span class=\"_ _0\"></span>rive<span class=\"_ _0\"></span>d from rates im<span class=\"_ _0\"></span>plie<span class=\"_ _0\"></span>d by rece<span class=\"_ _0\"></span>nt mar<span class=\"_ _0\"></span>ket trans<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s. Th<span class=\"_ _0\"></span>ese in<span class=\"_ _0\"></span>put<span class=\"_ _0\"></span>s are dee<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>d uno<span class=\"_ _0\"></span>bser<span class=\"_ _3\"></span>vabl<span class=\"_ _0\"></span>e. Th<span class=\"_ _0\"></span>e<span class=\"_ gsec\"> </span>valuat<span class=\"_ _0\"></span>ion as at 31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>24 refle<span class=\"_ _0\"></span>cts e<span class=\"_ _0\"></span>quiva<span class=\"_ _0\"></span>len<span class=\"_ _0\"></span>t yiel<span class=\"_ _0\"></span>d rang<span class=\"_ _0\"></span>es bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en 1<span class=\"_ _1\"></span>% and 5<span class=\"_ _0\"></span>3% and E<span class=\"_ _0\"></span>RV be<span class=\"_ _0\"></span>twe<span class=\"_ _0\"></span>en \u00a3<span class=\"_ _0\"></span>2 and \u00a3<span class=\"_ _0\"></span>36<span class=\"_ _0\"></span>9 per sq<span class=\"_ _0\"></span>.f<span class=\"_ _0\"></span>t.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e table b<span class=\"_ _0\"></span>elow sh<span class=\"_ _0\"></span>ows the valuat<span class=\"_ _0\"></span>ion of invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ty by sec<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>:<span class=\"_ _3b2\"> </span><table class=\"s w15d h159\" id=\"_9ba6922f-b139-473a-b71a-e64f7d42c59b\"><tr><td></td><td class=\"t m2 x1c6 h13 y4364 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y4364 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x1c8 h13 y4365 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y4365 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y40bf w112 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls112 ws6\">Retail<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x811 y40bf w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,242<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x812 y40bf w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,169<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y418c w216 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws132\">Leisure<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x209 y418c w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">493<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x20a y418c w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">451<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c1 w217 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls112 ws6\">Distri<span class=\"_ _0\"></span>butio<span class=\"_ _0\"></span>n<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x813 y40c1 w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,058<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x814 y40c1 w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,076<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c2 w218 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws54\">Off<span class=\"_ _0\"></span>ice space<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1d2 y40c2 w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,876<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1d3 y40c2 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,768<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w219 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 lsea ws27\">Industrial and other commercial<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1e9 y4121 w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,805<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1ea y4121 w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,714<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4158 w21a h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls12e ws142\">Accommodat<span class=\"_ _1\"></span>ion<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1e9 y4158 w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,348<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1ea y4158 w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,715<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w21b h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws0\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1e7 y40ae w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">9,822<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1e8 y40ae w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">8,893<span class=\"_ _3b2\"> </span></div></td></tr></table>(<span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>) <span class=\"_ _4c\"> </span>Ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t of cha<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ges i<span class=\"_ _0\"></span>n as<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>mpt<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s on Le<span class=\"_ _0\"></span>vel <span class=\"ls1\">3<span class=\"lsac ws8\"> assets<span class=\"_ _3b2\"> </span></span></span>Fair valu<span class=\"_ _0\"></span>es of fina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al instr<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s are, in ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tai<span class=\"_ _0\"></span>n circu<span class=\"_ _0\"></span>mst<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, measu<span class=\"_ _0\"></span>red usi<span class=\"_ _0\"></span>ng valu<span class=\"_ _0\"></span>ation tec<span class=\"_ _0\"></span>hni<span class=\"_ _0\"></span>que<span class=\"_ _0\"></span>s that inc<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>por<span class=\"_ _0\"></span>ate assum<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>ns that are not<span class=\"_ gsec\"> </span>evi<span class=\"_ _0\"></span>den<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>d by pric<span class=\"_ _0\"></span>es fro<span class=\"_ _0\"></span>m obse<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vab<span class=\"_ _0\"></span>le cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>t market tr<span class=\"_ _0\"></span>ansa<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ons in the sa<span class=\"_ _0\"></span>me ins<span class=\"_ _0\"></span>tru<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt and are not bas<span class=\"_ _0\"></span>ed on ob<span class=\"_ _0\"></span>ser<span class=\"_ _3\"></span>vable ma<span class=\"_ _0\"></span>rket data<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Wh<span class=\"_ _0\"></span>ere materi<span class=\"_ _0\"></span>al, the Grou<span class=\"_ _0\"></span>p assess<span class=\"_ _0\"></span>es the sensi<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y of fair <span class=\"_ _1\"></span>valu<span class=\"_ _0\"></span>es of <span class=\"_ _1\"></span>Level 3 investm<span class=\"_ _0\"></span>ents to chang<span class=\"_ _0\"></span>es in unobse<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ble inp<span class=\"_ _0\"></span>uts to reasonab<span class=\"_ _0\"></span>le alter<span class=\"_ _0\"></span>native<span class=\"_ _0\"></span> assu<span class=\"_ _0\"></span>mptio<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>. The tabl<span class=\"_ _0\"></span>e below shows the impa<span class=\"_ _0\"></span>ct of applyi<span class=\"_ _0\"></span>ng thes<span class=\"_ _0\"></span>e sensi<span class=\"_ _0\"></span>tivi<span class=\"_ _0\"></span>ties to the fair value of <span class=\"_ _1\"></span>Level 3 assets as at <span class=\"_ _1\"></span>31 Dec<span class=\"_ _0\"></span>emb<span class=\"_ _0\"></span>er<span class=\"_ gsec\"> </span>2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>24. Fur<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r discl<span class=\"_ _0\"></span>osu<span class=\"_ _0\"></span>re on how these sensi<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>itie<span class=\"_ _0\"></span>s have <span class=\"_ _1\"></span>be<span class=\"_ _0\"></span>en app<span class=\"_ _0\"></span>lied ca<span class=\"_ _0\"></span>n be found in the descr<span class=\"_ _0\"></span>iptio<span class=\"_ _0\"></span>ns followin<span class=\"_ _0\"></span>g the table.<span class=\"_ _3b2\"> </span><table class=\"s w13f h15a\" id=\"_ded7562a-f7f0-4e0f-a4f4-ba3ae346cb99\"><tr><td></td><td></td><td></td><td class=\"t m0 x1c6 h13 y4366 ff6 fs9 fc1 sc0 ls38 ws3a\">Sensitivities<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m0 x4ec h13 y4367 ff6 fs9 fc1 sc0 ls18 ws32\">Fai<span class=\"_ _0\"></span>r val<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>e 202<span class=\"_ _0\"></span>4<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x26c h13 y4367 ff6 fs9 fc1 sc0 ls38 ws3a\">Positive<span class=\"_ _1\"></span> impact </td><td class=\"t m0 x815 h13 y4367 ff6 fs9 fc1 sc0 ls18 ws32\">Ne<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ive im<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t </td></tr><tr><td></td><td class=\"t m0 x433 h13 y4368 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c8 h13 y4368 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 h13 y4368 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y42f5 w21c h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls113 ws5b\">Lifet<span class=\"_ _1\"></span>ime mortgages<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x816 y42f5 w36 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">5,861<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x402 y42f5 w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">237<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x817 y42f5 w3a h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(289)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4192 w21d h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls11e ws5c\">Privat<span class=\"_ _1\"></span>e credit<span class=\"_ _1\"></span> por<span class=\"_ _0\"></span>tfolios<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x818 y4192 w93 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">14,803<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x819 y4192 w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">647<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x81a y4192 w3a h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(647)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y419e w7f h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws23\">Inv<span class=\"_ _1\"></span>estment<span class=\"_ _1\"></span> property<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x718 y419e w36 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">9,822<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x81b y419e w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">776<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x81c y419e w3a h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(776)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y4108 w1da h11a\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Other investments</div><div class=\"t m0 x664 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x709 y4158 w36 h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">4,375<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x81d y4158 w4a h118\"><div class=\"t m0 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">289<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x81e y4158 w3a h118\"><div class=\"t m0 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">(349)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w21e h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l Leve<span class=\"_ _0\"></span>l 3 asse<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x81f y40ae w2f h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">34,861<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x820 y40ae w36 h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">1,949<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x821 y40ae w33 h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">(2,061)<span class=\"_ _3b2\"> </span></div></td></tr></table>1. <span class=\"_ _15\"> </span>O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er i<span class=\"_ _0\"></span>nve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s in<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>de L<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>el 3 e<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y se<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, in<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e s<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ip a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>nd o<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r tr<span class=\"_ _0\"></span>ad<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d de<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>t se<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s w<span class=\"_ _0\"></span>hi<span class=\"_ _0\"></span>ch a<span class=\"_ _0\"></span>re L<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>el 3<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e sensi<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>itie<span class=\"_ _0\"></span>s are not a func<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of sensiti<span class=\"_ _0\"></span>sing a sing<span class=\"_ _0\"></span>le vari<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e relatin<span class=\"_ _0\"></span>g to the valuatio<span class=\"_ _0\"></span>n of the asset<span class=\"_ _0\"></span>, but ra<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r a funct<span class=\"_ _0\"></span>ion of fl<span class=\"_ _0\"></span>exin<span class=\"_ _0\"></span>g multi<span class=\"_ _0\"></span>ple<span class=\"_ _0\"></span> factor<span class=\"_ _0\"></span>s of<span class=\"_ _0\"></span>ten at indiv<span class=\"_ _0\"></span>idua<span class=\"_ _0\"></span>l asset leve<span class=\"_ _0\"></span>l. T<span class=\"_ _0\"></span>he followi<span class=\"_ _0\"></span>ng sets ou<span class=\"_ _0\"></span>t a numb<span class=\"_ _0\"></span>er of key factors by asse<span class=\"_ _0\"></span>t ty<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>, and how the<span class=\"_ _0\"></span>y have bee<span class=\"_ _0\"></span>n flexe<span class=\"_ _0\"></span>d to derive<span class=\"_ _0\"></span> reasonable alt<span class=\"_ _1\"></span>ernative v<span class=\"_ _1\"></span>aluations.<span class=\"_ _3b2\"> </span>Lifetime<span class=\"_ _1\"></span> mortgages<span class=\"_ _3b2\"> </span>Key assu<span class=\"_ _0\"></span>mptio<span class=\"_ _0\"></span>ns us<span class=\"_ _0\"></span>ed in t<span class=\"_ _0\"></span>he valu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of lifetim<span class=\"_ _0\"></span>e mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tgag<span class=\"_ _0\"></span>e asse<span class=\"_ _0\"></span>ts are lis<span class=\"_ _0\"></span>ted in N<span class=\"_ _0\"></span>ote 1<span class=\"_ _1\"></span>2(ii)(<span class=\"_ _0\"></span>b) and sens<span class=\"_ _0\"></span>itiv<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>es are ap<span class=\"_ _0\"></span>pli<span class=\"_ _0\"></span>ed to de<span class=\"_ _0\"></span>rive th<span class=\"_ _0\"></span>e valu<span class=\"_ _0\"></span>es in<span class=\"_ _0\"></span> the ab<span class=\"_ _0\"></span>ove table<span class=\"_ _0\"></span>. The m<span class=\"_ _0\"></span>ost sig<span class=\"_ _0\"></span>nif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant sen<span class=\"_ _0\"></span>siti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ty by valu<span class=\"_ _0\"></span>e is -20<span class=\"_ _0\"></span>bps of market sp<span class=\"_ _0\"></span>read an<span class=\"_ _0\"></span>d over<span class=\"_ _0\"></span>valu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of prope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y valu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns by 1<span class=\"_ _1\"></span>0% acro<span class=\"_ _0\"></span>ss the<span class=\"_ _0\"></span> por<span class=\"_ _3\"></span>tfol<span class=\"_ _0\"></span>io whic<span class=\"_ _0\"></span>h, ap<span class=\"_ _0\"></span>plie<span class=\"_ _0\"></span>d in isolat<span class=\"_ _0\"></span>ion pro<span class=\"_ _0\"></span>du<span class=\"_ _0\"></span>ces se<span class=\"_ _0\"></span>nsi<span class=\"_ _0\"></span>tise<span class=\"_ _0\"></span>d values of \u00a3143<span class=\"_ _0\"></span>m and \u00a3(1<span class=\"_ _1\"></span>52)m<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Private<span class=\"_ _1\"></span> credit por<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>folios<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e sen<span class=\"_ _0\"></span>siti<span class=\"_ _0\"></span>vit<span class=\"_ _0\"></span>y i<span class=\"_ _0\"></span>n the p<span class=\"_ _0\"></span>rivate c<span class=\"_ _0\"></span>redi<span class=\"_ _0\"></span>t po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>folio h<span class=\"_ _0\"></span>as be<span class=\"_ _0\"></span>en d<span class=\"_ _0\"></span>eter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ed th<span class=\"_ _0\"></span>roug<span class=\"_ _0\"></span>h a met<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>d whic<span class=\"_ _0\"></span>h esti<span class=\"_ _0\"></span>mates inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent sp<span class=\"_ _0\"></span>read va<span class=\"_ _0\"></span>lue p<span class=\"_ _0\"></span>remi<span class=\"_ _0\"></span>um dif<span class=\"_ _0\"></span>fer<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span> as com<span class=\"_ _0\"></span>pare<span class=\"_ _0\"></span>d to the insti<span class=\"_ _0\"></span>tuti<span class=\"_ _0\"></span>onal inve<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent mar<span class=\"_ _0\"></span>ket<span class=\"_ _0\"></span>. Indiv<span class=\"_ _0\"></span>idu<span class=\"_ _0\"></span>al investm<span class=\"_ _0\"></span>ent c<span class=\"_ _0\"></span>hara<span class=\"_ _0\"></span>cter<span class=\"_ _0\"></span>isti<span class=\"_ _0\"></span>cs of each ho<span class=\"_ _0\"></span>ldi<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>, such as cre<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t rating an<span class=\"_ _0\"></span>d durati<span class=\"_ _0\"></span>on are use<span class=\"_ _0\"></span>d to determin<span class=\"_ _0\"></span>e spre<span class=\"_ _0\"></span>ad dif<span class=\"_ _0\"></span>feren<span class=\"_ _0\"></span>tials for the pu<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>s of determi<span class=\"_ _0\"></span>ning al<span class=\"_ _0\"></span>tern<span class=\"_ _0\"></span>ate values<span class=\"_ _0\"></span>. Spre<span class=\"_ _0\"></span>ad dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>ntials are de<span class=\"_ _0\"></span>term<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d to be lower for highl<span class=\"_ _0\"></span>y rated and<span class=\"_ _0\"></span>/or shor<span class=\"_ _3\"></span>ter duratio<span class=\"_ _0\"></span>n asse<span class=\"_ _0\"></span>ts as com<span class=\"_ _0\"></span>pare<span class=\"_ _0\"></span>d to lower rated and/or lon<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>r durati<span class=\"_ _0\"></span>on asse<span class=\"_ _0\"></span>ts. A sign<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ica<span class=\"_ _0\"></span>nt co<span class=\"_ _0\"></span>mpo<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>nt of the sprea<span class=\"_ _0\"></span>d dif<span class=\"_ _0\"></span>feren<span class=\"_ _0\"></span>tial is in relatio<span class=\"_ _0\"></span>n to the sele<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on of com<span class=\"_ _0\"></span>para<span class=\"_ _0\"></span>tor bon<span class=\"_ _0\"></span>ds, wh<span class=\"_ _0\"></span>ich is the p<span class=\"_ _0\"></span>otential dif<span class=\"_ _0\"></span>fer<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>e in spre<span class=\"_ _0\"></span>ad of the basket of relevan<span class=\"_ _0\"></span>t com<span class=\"_ _0\"></span>par<span class=\"_ _0\"></span>ators dete<span class=\"_ _0\"></span>rmi<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>d by resp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tive inves<span class=\"_ _0\"></span>tors<span class=\"_ _0\"></span>. If we were t<span class=\"_ _1\"></span>o take an A<span class=\"_ _0\"></span>A rated ass<span class=\"_ _0\"></span>et it may at<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>ct a sprea<span class=\"_ _0\"></span>d dif<span class=\"_ _0\"></span>feren<span class=\"_ _0\"></span>tial of 20b<span class=\"_ _0\"></span>ps on the se<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>ctio<span class=\"_ _0\"></span>n of com<span class=\"_ _0\"></span>parator b<span class=\"_ _0\"></span>ond<span class=\"_ _0\"></span>s as opp<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>d to 40<span class=\"_ _0\"></span>bp<span class=\"_ _0\"></span>s for a similar dur<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n BBB rate<span class=\"_ _0\"></span>d asset<span class=\"_ _0\"></span>. Ap<span class=\"_ _0\"></span>plie<span class=\"_ _0\"></span>d in isola<span class=\"_ _0\"></span>tion th<span class=\"_ _0\"></span>e sensi<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y use<span class=\"_ _0\"></span>d to refle<span class=\"_ _0\"></span>ct the sp<span class=\"_ _0\"></span>read in co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>arator bo<span class=\"_ _0\"></span>nd sel<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tion res<span class=\"_ _0\"></span>ults in se<span class=\"_ _0\"></span>nsi<span class=\"_ _0\"></span>tise<span class=\"_ _0\"></span>d values of \u00a3<span class=\"_ _0\"></span>23<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>m and \u00a3(23<span class=\"_ _0\"></span>8)m<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Inv<span class=\"_ _1\"></span>estment property<span class=\"_ _3b2\"> </span>Invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>y hol<span class=\"_ _0\"></span>ding<span class=\"_ _0\"></span>s are valu<span class=\"_ _0\"></span>ed by in<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>nt valu<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s on th<span class=\"_ _0\"></span>e basis of o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>n mar<span class=\"_ _0\"></span>ket valu<span class=\"_ _0\"></span>e as def<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>ed in t<span class=\"_ _0\"></span>he ap<span class=\"_ _0\"></span>prais<span class=\"_ _0\"></span>al and v<span class=\"_ _0\"></span>aluati<span class=\"_ _0\"></span>on manu<span class=\"_ _0\"></span>al of the Royal Insti<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>te of <span class=\"_ _1\"></span>Char<span class=\"_ _3\"></span>tered S<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>vey<span class=\"_ _0\"></span>ors (R<span class=\"_ _0\"></span>IC<span class=\"_ _0\"></span>S). As suc<span class=\"_ _0\"></span>h, se<span class=\"_ _0\"></span>nsi<span class=\"_ _0\"></span>tivi<span class=\"_ _0\"></span>ties are c<span class=\"_ _0\"></span>alc<span class=\"_ _0\"></span>ulated thro<span class=\"_ _0\"></span>ug<span class=\"_ _0\"></span>h a mix<span class=\"_ _0\"></span>ture of asset le<span class=\"_ _0\"></span>vel and po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>foli<span class=\"_ _0\"></span>o level m<span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>olo<span class=\"_ _0\"></span>gie<span class=\"_ _0\"></span>s whic<span class=\"_ _0\"></span>h make refere<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e to indiv<span class=\"_ _0\"></span>idu<span class=\"_ _0\"></span>al inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt ch<span class=\"_ _0\"></span>arac<span class=\"_ _0\"></span>teris<span class=\"_ _0\"></span>tic<span class=\"_ _0\"></span>s of the h<span class=\"_ _0\"></span>old<span class=\"_ _0\"></span>ing b<span class=\"_ _0\"></span>ut do n<span class=\"_ _0\"></span>ot f<span class=\"_ _0\"></span>lex in<span class=\"_ _0\"></span>div<span class=\"_ _0\"></span>idua<span class=\"_ _0\"></span>l assu<span class=\"_ _0\"></span>mptio<span class=\"_ _0\"></span>ns us<span class=\"_ _0\"></span>ed by the ind<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>den<span class=\"_ _0\"></span>t expe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t in valui<span class=\"_ _0\"></span>ng the ho<span class=\"_ _0\"></span>ldi<span class=\"_ _0\"></span>ngs<span class=\"_ _0\"></span>. Eac<span class=\"_ _0\"></span>h meth<span class=\"_ _0\"></span>od is app<span class=\"_ _0\"></span>lie<span class=\"_ _0\"></span>d indiv<span class=\"_ _0\"></span>idu<span class=\"_ _0\"></span>ally an<span class=\"_ _0\"></span>d aggre<span class=\"_ _0\"></span>gated wit<span class=\"_ _0\"></span>h equa<span class=\"_ _0\"></span>l weighti<span class=\"_ _0\"></span>ng to determ<span class=\"_ _0\"></span>ine the ove<span class=\"_ _0\"></span>rall sens<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>vit<span class=\"_ _0\"></span>y de<span class=\"_ _0\"></span>term<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d for the por<span class=\"_ _3\"></span>tfol<span class=\"_ _0\"></span>io. On<span class=\"_ _0\"></span>e meth<span class=\"_ _0\"></span>od is simi<span class=\"_ _0\"></span>lar to that used in th<span class=\"_ _0\"></span>e private cre<span class=\"_ _0\"></span>dit p<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>tfoli<span class=\"_ _0\"></span>o as it deter<span class=\"_ _0\"></span>mine<span class=\"_ _0\"></span>s the imp<span class=\"_ _0\"></span>act of an alter<span class=\"_ _0\"></span>nate prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ty y<span class=\"_ _0\"></span>ield d<span class=\"_ _0\"></span>eter<span class=\"_ _0\"></span>mine<span class=\"_ _0\"></span>d in referen<span class=\"_ _0\"></span>ce to credi<span class=\"_ _0\"></span>t ratin<span class=\"_ _0\"></span>gs<span class=\"_ _0\"></span>, remain<span class=\"_ _0\"></span>ing ter<span class=\"_ _0\"></span>m and othe<span class=\"_ _0\"></span>r char<span class=\"_ _0\"></span>acter<span class=\"_ _0\"></span>isti<span class=\"_ _0\"></span>cs of eac<span class=\"_ _0\"></span>h holdi<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>. In this meth<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>olo<span class=\"_ _0\"></span>gy we would<span class=\"_ _0\"></span> appl<span class=\"_ _0\"></span>y a lowe<span class=\"_ _0\"></span>r yie<span class=\"_ _0\"></span>ld se<span class=\"_ _0\"></span>nsit<span class=\"_ _0\"></span>ivi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y to a highl<span class=\"_ _0\"></span>y rated an<span class=\"_ _0\"></span>d/or sho<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ter re<span class=\"_ _0\"></span>mai<span class=\"_ _0\"></span>ning ter<span class=\"_ _0\"></span>m ass<span class=\"_ _0\"></span>et c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>ared w<span class=\"_ _0\"></span>ith a l<span class=\"_ _0\"></span>ower rated a<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>/<span class=\"_ _1\"></span>or l<span class=\"_ _0\"></span>ong<span class=\"_ _0\"></span>er re<span class=\"_ _0\"></span>main<span class=\"_ _0\"></span>ing ter<span class=\"_ _0\"></span>m asse<span class=\"_ _0\"></span>t. If we were to take <span class=\"_ _1\"></span>an A<span class=\"_ _3\"></span>A rated asset wi<span class=\"_ _0\"></span>th remai<span class=\"_ _0\"></span>ning ter<span class=\"_ _0\"></span>m of 25 years in nor<span class=\"_ _0\"></span>mal mar<span class=\"_ _0\"></span>ket con<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s this would le<span class=\"_ _0\"></span>ad to a <span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>5bps yi<span class=\"_ _0\"></span>eld f<span class=\"_ _0\"></span>lex (as opp<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>d to <span class=\"_ _1\"></span>a 35bps yi<span class=\"_ _0\"></span>eld fl<span class=\"_ _0\"></span>ex for a <span class=\"_ _1\"></span>BBB rated asse<span class=\"_ _0\"></span>t with a 30 year remainin<span class=\"_ _0\"></span>g term). <span class=\"_ _1\"></span>The me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>dol<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>y which lea<span class=\"_ _0\"></span>ds to <span class=\"_ _1\"></span>the most sig<span class=\"_ _0\"></span>nif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant sensi<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> at<span class=\"_ gsec\"> </span>the bal<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e she<span class=\"_ _0\"></span>et date is related to an exampl<span class=\"_ _0\"></span>e in case law whe<span class=\"_ _0\"></span>re it was found that an ac<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ptab<span class=\"_ _0\"></span>le margi<span class=\"_ _0\"></span>n of error in a valu<span class=\"_ _0\"></span>ation dis<span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>te is 1<span class=\"_ _1\"></span>0% eit<span class=\"_ _0\"></span>her way, subjec<span class=\"_ _0\"></span>t to the valuatio<span class=\"_ _0\"></span>n bei<span class=\"_ _0\"></span>ng und<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>taken with du<span class=\"_ _0\"></span>e care<span class=\"_ _0\"></span>. If this sensi<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y were to be taken with<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>t a weightin<span class=\"_ _0\"></span>g it would pr<span class=\"_ _0\"></span>odu<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span> sens<span class=\"_ _0\"></span>itis<span class=\"_ _0\"></span>ed valu<span class=\"_ _0\"></span>es of \u00a356<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>m and \u00a3<span class=\"_ _0\"></span>(56<span class=\"_ _0\"></span>4)m<span class=\"_ _0\"></span>. It sho<span class=\"_ _0\"></span>uld be n<span class=\"_ _0\"></span>oted that som<span class=\"_ _0\"></span>e sens<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>viti<span class=\"_ _0\"></span>es des<span class=\"_ _0\"></span>cr<span class=\"_ _0\"></span>ibe<span class=\"_ _0\"></span>d above are no<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>lin<span class=\"_ _0\"></span>ear, and larger o<span class=\"_ _0\"></span>r small<span class=\"_ _0\"></span>er imp<span class=\"_ _0\"></span>acts sh<span class=\"_ _0\"></span>oul<span class=\"_ _0\"></span>d not be inter<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>lated or ex<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>apo<span class=\"_ _0\"></span>lated<span class=\"_ _0\"></span> from th<span class=\"_ _0\"></span>ese resu<span class=\"_ _0\"></span>lts<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInvestmentPropertyExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-726": {
   "value": "(ii) <span class=\"_ _d\"> </span>Fai<span class=\"_ _0\"></span>r va<span class=\"_ _0\"></span>lue h<span class=\"_ _0\"></span>iera<span class=\"_ _0\"></span>rchy<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e table b<span class=\"_ _0\"></span>elow bre<span class=\"_ _0\"></span>aks down th<span class=\"_ _0\"></span>e fair value of fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>ial inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nts and inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y by fair value hi<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>rchy leve<span class=\"_ _0\"></span>l.<span class=\"_ _3b2\"> </span><table class=\"s w204 h156\" id=\"_f5e2be91-b688-4de2-8999-e59e8b642f19\"><tr><td></td><td class=\"t m2 x430 h13 y4343 ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x75b h13 y4343 ff6 fs9 fc1 sc0 ls18 ws32\">Lev<span class=\"_ _0\"></span>el 1<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x4e8 h13 y4343 ff6 fs9 fc1 sc0 ls18 ws32\">Lev<span class=\"_ _0\"></span>el 2<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x75c h13 y4343 ff6 fs9 fc1 sc0 ls18 ws32\">Lev<span class=\"_ _0\"></span>el 3<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 h13 y4344 ff5 fs9 fc1 sc0 ls18 ws0\">As a<span class=\"_ _0\"></span>t 31 De<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>4<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x432 h13 y4344 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x433 h13 y4344 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 h13 y4344 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 h13 y4344 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 hb y4345 ff5 fs6 fc1 sc0 ls12e ws142\">Shareholder<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4346 w1fb h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">Equity securities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5a6 y4346 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">2,948<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x75d y4346 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">960<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x75e y4346 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">170<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x75f y4346 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">1,818<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4347 w1fc h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">Debt securities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x760 y4347 w2f h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">78,207<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x761 y4347 w2f h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">31,714<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x261 y4347 w93 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">25,424<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x762 y4347 w2f h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">21,069<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4348 w1fd h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls112 ws1e\">Der<span class=\"_ _0\"></span>ivative assets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x763 y4348 w2f h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">49,195<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x764 y4348 w59 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x765 y4348 w2f h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">49,188<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x766 y4348 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y42ee w1fe h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Loans at f<span class=\"_ _1\"></span>air value<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x767 y42ee w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">2,630<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x768 y42ee wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x769 y42ee w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">2,630<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x76a y42ee wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4349 w7f h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws23\">Inv<span class=\"_ _1\"></span>estment<span class=\"_ _1\"></span> property<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x76b y4349 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">5,955<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x76c y4349 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x76d y4349 wa6 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x76e y4349 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">5,955<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y42f1 w205 h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls1 ws23\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> Shareholder<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x76f y42f1 w89 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">138,935<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x770 y42f1 w93 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">32,681<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x771 y42f1 w2f h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">77,412<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x772 y42f1 w2f h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">28,842<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 hb y434a ff5 fs6 fc1 sc0 ls181 ws13f\">Un<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t li<span class=\"_ _0\"></span>nke<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y42f3 w1fb h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">Equity securities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x773 y42f3 w89 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">198,342<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x774 y42f3 w81 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">197,532<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x775 y42f3 w59 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x776 y42f3 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">809<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41e4 w1fc h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">Debt securities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x777 y41e4 w81 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">148,411<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x778 y41e4 w2f h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">97,799<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x779 y41e4 w2f h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">49,269<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x77a y41e4 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">1,343<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y433f w1fd h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls112 ws1e\">Der<span class=\"_ _0\"></span>ivative assets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5a6 y433f w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">1,997<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x77b y433f w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">84<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x77c y433f w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">1,913<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x77d y433f wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41e7 w1fe h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Loans at f<span class=\"_ _1\"></span>air value<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x767 y41e7 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">4,772<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x768 y41e7 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x769 y41e7 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">4,772<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x76a y41e7 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y434b w7f h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws23\">Inv<span class=\"_ _1\"></span>estment<span class=\"_ _1\"></span> property<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x76b y434b w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">3,867<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x76c y434b wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x76d y434b wa6 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x76e y434b w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">3,867<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y419a wf9 h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls1 ws23\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> Unit link<span class=\"_ _1\"></span>ed<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x77e y419a w89 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">357,389<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x77f y419a w89 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">295,415<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x780 y419a w2f h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">55,955<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x781 y419a w36 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">6,019<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y434c w206 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l fi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>l inve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s and in<span class=\"_ _0\"></span>ves<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y at fa<span class=\"_ _0\"></span>ir val<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x782 y434c w89 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">496,324<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x783 y434c w89 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">328,096<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x784 y434c w89 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">133,367<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x785 y434c w93 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">34,861<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y41a9 w207 h126\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">Debt securities at amortised cost</div><div class=\"t m2 x786 h5a y4138 ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x593 y4158 w36 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">7,847<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x787 y4158 wa5 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x788 y4158 w7b h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">43<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x789 y4158 w36 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">7,804<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y434d w208 h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Loa<span class=\"_ _0\"></span>ns at a<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>ed c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t</div><div class=\"t m2 x416 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x78a y40ae w7b h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">84<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x78b y40ae w59 h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x78c y40ae wa5 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x78d y40ae w7b h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">83<span class=\"_ _3b2\"> </span></div></td></tr></table><table class=\"s w209 h157\" id=\"_0592dc85-3f81-4fdb-baf5-9bd34e9d0ff6\"><tr><td></td><td class=\"t m2 x6fe hf y434e ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x75b hf y434e ff3 fs9 fc1 sc0 ls18 ws0\">Lev<span class=\"_ _0\"></span>el 1<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x503 hf y434e ff3 fs9 fc1 sc0 ls18 ws0\">Lev<span class=\"_ _0\"></span>el 2<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x281 hf y434e ff3 fs9 fc1 sc0 ls18 ws0\">Lev<span class=\"_ _0\"></span>el 3<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 hf y434f ff3 fs9 fc1 sc0 ls18 ws0\">As a<span class=\"_ _0\"></span>t 31 De<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>3<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x432 hf y434f ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x433 hf y434f ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 hf y434f ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y434f ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 h1a y4350 ff3 fs6 fc1 sc0 ls11b ws13f\">Shareholder<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4351 w1fb h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10a ws5a\">Equity securities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x78e y4351 w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,166<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x78f y4351 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,069<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x790 y4351 w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">144<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x791 y4351 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,953<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4352 w1fc h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10a ws5a\">Debt securities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x792 y4352 w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">73,298<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x793 y4352 w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">26,003<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x794 y4352 w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">27,860<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x795 y4352 wd3 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">19,435<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4353 w1fd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls112 ws1e\">Der<span class=\"_ _0\"></span>ivative assets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x792 y4353 w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">38,019<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x796 y4353 w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">123<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x797 y4353 w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">37,896<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x798 y4353 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4354 w1fe h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">Loans at f<span class=\"_ _1\"></span>air value<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x799 y4354 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,599<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x79a y4354 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x79b y4354 w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,599<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x79c y4354 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4355 w7f h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Inv<span class=\"_ _1\"></span>estment<span class=\"_ _1\"></span> property<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x79d y4355 w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5,503<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x79e y4355 wbf h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x617 y4355 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x724 y4355 w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5,503<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40bb w20a h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws2a\">T<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>tal Shar<span class=\"_ _1\"></span>eholder<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x79f y40bb w82 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">121,585<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7a0 y40bb w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">27,195<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7a1 y40bb w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">67,499<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7a2 y40bb wd3 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">26,891<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 h1a y4356 ff3 fs6 fc1 sc0 ls11c ws25\">Unit l<span class=\"_ _1\"></span>ink<span class=\"_ _1\"></span>ed<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4357 w1fb h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10a ws5a\">Equity securities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7a3 y4357 w82 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">182,816<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7a4 y4357 w82 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">182,348<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7a5 y4357 w39 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">29<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x235 y4357 w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">439<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4358 w1fc h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10a ws5a\">Debt securities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7a6 y4358 w82 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">152,650<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7a7 y4358 w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">91,874<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7a8 y4358 wd3 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">59,748<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7a9 y4358 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,028<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4359 w1fd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls112 ws1e\">Der<span class=\"_ _0\"></span>ivative assets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7aa y4359 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,121<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7ab y4359 w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">148<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7ac y4359 w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,973<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7ad y4359 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y435a w1fe h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">Loans at f<span class=\"_ _1\"></span>air value<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x799 y435a w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">8,691<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x79a y435a wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x79b y435a w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">8,691<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x79c y435a wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4199 w7f h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Inv<span class=\"_ _1\"></span>estment<span class=\"_ _1\"></span> property<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x79d y4199 w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,390<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x79e y4199 wbf h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x617 y4199 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x724 y4199 w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,390<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y435b w20b h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">T<span class=\"_ _1\"></span>otal Un<span class=\"_ _0\"></span>it li<span class=\"_ _0\"></span>nke<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7ae y435b w82 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">350,668<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7af y435b w82 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">274,370<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7b0 y435b wd3 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">71,441<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7b1 y435b w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">4,857<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y435c w20c h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">T<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>tal financial investments and in<span class=\"_ _1\"></span>vestment proper<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y at fa<span class=\"_ _1\"></span>ir value<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7b2 y435c w82 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">472,253<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7b3 y435c w82 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">301,565<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7b4 y435c w82 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">138,940<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7b5 y435c w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">31,748<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y40ac w207 h126\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">Debt securities at amortised cost</div><div class=\"t m2 x786 h5a y4138 ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7b6 y435d w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">7,184<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7b7 y435d wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7b8 y435d w39 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">45<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7b9 y435d w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">7,139<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y40ae w208 h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Loa<span class=\"_ _0\"></span>ns at a<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>ed c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t</div><div class=\"t m2 x416 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x78a y40ae w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">13<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7ba y40ae w75 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7bb y40ae w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">12<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7bc y40ae wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr></table>1. <span class=\"_ _15\"> </span>Th<span class=\"_ _0\"></span>is t<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>s de<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>t se<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d l<span class=\"_ _0\"></span>oa<span class=\"_ _0\"></span>ns w<span class=\"_ _0\"></span>hi<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>h ar<span class=\"_ _0\"></span>e he<span class=\"_ _0\"></span>ld a<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t o<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e C<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>da<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d B<span class=\"_ _0\"></span>ala<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ce S<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>et a<span class=\"_ _0\"></span>t a to<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>l val<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>e of \u00a3<span class=\"_ _0\"></span>9,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>49<span class=\"_ _0\"></span>m (20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3: \u00a3<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>45<span class=\"_ _0\"></span>m).<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e levels of fair value m<span class=\"_ _0\"></span>easu<span class=\"_ _0\"></span>rem<span class=\"_ _0\"></span>ent bas<span class=\"_ _0\"></span>es are def<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d as follows: Level 1<span class=\"_ _1\"></span>: fair value<span class=\"_ _0\"></span>s measu<span class=\"_ _0\"></span>red usi<span class=\"_ _0\"></span>ng quoted p<span class=\"_ _0\"></span>ric<span class=\"_ _0\"></span>es (unadjus<span class=\"_ _0\"></span>ted) in ac<span class=\"_ _0\"></span>tive mar<span class=\"_ _0\"></span>kets for ide<span class=\"_ _0\"></span>ntic<span class=\"_ _0\"></span>al asse<span class=\"_ _0\"></span>ts or liabil<span class=\"_ _0\"></span>itie<span class=\"_ _0\"></span>s. Level 2<span class=\"_ _0\"></span>: fair valu<span class=\"_ _0\"></span>es meas<span class=\"_ _0\"></span>ured us<span class=\"_ _0\"></span>ing valu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n techn<span class=\"_ _0\"></span>ique<span class=\"_ _0\"></span>s for all inpu<span class=\"_ _0\"></span>ts signi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>can<span class=\"_ _0\"></span>t to the measure<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt othe<span class=\"_ _0\"></span>r than qu<span class=\"_ _0\"></span>oted pric<span class=\"_ _0\"></span>es in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>ded wi<span class=\"_ _0\"></span>thin<span class=\"_ _0\"></span> Level 1 that are ob<span class=\"_ _0\"></span>ser<span class=\"_ _3\"></span>vable for the as<span class=\"_ _0\"></span>set or lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ty, eith<span class=\"_ _0\"></span>er dire<span class=\"_ _0\"></span>ctl<span class=\"_ _0\"></span>y (i.e. as pr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>es) or indirec<span class=\"_ _0\"></span>tly (i<span class=\"_ _0\"></span>.e. de<span class=\"_ _0\"></span>rive<span class=\"_ _0\"></span>d from pr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>es). Level 3: fair val<span class=\"_ _0\"></span>ues me<span class=\"_ _0\"></span>asure<span class=\"_ _0\"></span>d usin<span class=\"_ _0\"></span>g valuati<span class=\"_ _0\"></span>on tec<span class=\"_ _0\"></span>hniq<span class=\"_ _0\"></span>ues for any inp<span class=\"_ _0\"></span>ut for the ass<span class=\"_ _0\"></span>et or liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y sig<span class=\"_ _0\"></span>nif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant to the meas<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t that is not base<span class=\"_ _0\"></span>d on<span class=\"_ gsec\"> </span>ob<span class=\"_ _0\"></span>ser<span class=\"_ _3\"></span>vable ma<span class=\"_ _0\"></span>rket data (unob<span class=\"_ _0\"></span>ser<span class=\"_ _3\"></span>vable in<span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>ts).<span class=\"_ _3b2\"> </span> All of the Gro<span class=\"_ _0\"></span>up\u2019s Level 2 assets have be<span class=\"_ _0\"></span>en val<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span>d using st<span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>ard mar<span class=\"_ _0\"></span>ket pric<span class=\"_ _0\"></span>ing so<span class=\"_ _0\"></span>urc<span class=\"_ _0\"></span>es, su<span class=\"_ _0\"></span>ch as IH<span class=\"_ _0\"></span>S Mar<span class=\"_ _0\"></span>ki<span class=\"_ _0\"></span>t, IC<span class=\"_ _0\"></span>E and Blo<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>rg, o<span class=\"_ _0\"></span>r Index<span class=\"_ _0\"></span> Provid<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s suc<span class=\"_ _0\"></span>h as Barcl<span class=\"_ _0\"></span>ays, Me<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>ill Lynch or JP<span class=\"_ _0\"></span>Mo<span class=\"_ _0\"></span>rga<span class=\"_ _0\"></span>n. Ea<span class=\"_ _0\"></span>ch use<span class=\"_ _0\"></span>s mathe<span class=\"_ _0\"></span>mati<span class=\"_ _0\"></span>cal mo<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>lling an<span class=\"_ _0\"></span>d mult<span class=\"_ _0\"></span>iple so<span class=\"_ _0\"></span>urc<span class=\"_ _0\"></span>e validati<span class=\"_ _0\"></span>on in ord<span class=\"_ _0\"></span>er to deter<span class=\"_ _0\"></span>mine<span class=\"_ _0\"></span> con<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>sus pr<span class=\"_ _0\"></span>ice<span class=\"_ _0\"></span>s, wi<span class=\"_ _0\"></span>th the exce<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>n of OT<span class=\"_ _1\"></span>C Der<span class=\"_ _0\"></span>ivati<span class=\"_ _0\"></span>ve hold<span class=\"_ _0\"></span>ings<span class=\"_ _0\"></span>; OTCs are marked to market usi<span class=\"_ _0\"></span>ng an in<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>ous<span class=\"_ _0\"></span>e system (Lo<span class=\"_ _0\"></span>mba<span class=\"_ _0\"></span>rd Ob<span class=\"_ _0\"></span>ero<span class=\"_ _0\"></span>n), ex<span class=\"_ _0\"></span>tern<span class=\"_ _0\"></span>al vend<span class=\"_ _0\"></span>or (IH<span class=\"_ _0\"></span>S Mar<span class=\"_ _0\"></span>ki<span class=\"_ _0\"></span>t), interna<span class=\"_ _0\"></span>l mod<span class=\"_ _0\"></span>el or Co<span class=\"_ _0\"></span>unter<span class=\"_ _0\"></span>par<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>y Broker ma<span class=\"_ _0\"></span>rks<span class=\"_ _0\"></span>. In nor<span class=\"_ _0\"></span>mal mar<span class=\"_ _0\"></span>ket co<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s, we would c<span class=\"_ _0\"></span>onsi<span class=\"_ _0\"></span>der th<span class=\"_ _0\"></span>ese ma<span class=\"_ _0\"></span>rket pri<span class=\"_ _0\"></span>ces<span class=\"_ gsec\"> </span>to<span class=\"_ gsec\"> </span>b<span class=\"_ _0\"></span>e obse<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vab<span class=\"_ _0\"></span>le mar<span class=\"_ _0\"></span>ket pric<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>. Follow<span class=\"_ _0\"></span>ing co<span class=\"_ _0\"></span>nsul<span class=\"_ _0\"></span>tati<span class=\"_ _0\"></span>on with o<span class=\"_ _0\"></span>ur pri<span class=\"_ _0\"></span>cin<span class=\"_ _0\"></span>g provid<span class=\"_ _0\"></span>ers an<span class=\"_ _0\"></span>d a numb<span class=\"_ _0\"></span>er of their c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>utin<span class=\"_ _0\"></span>g broker<span class=\"_ _0\"></span>s, we have con<span class=\"_ _0\"></span>side<span class=\"_ _0\"></span>red th<span class=\"_ _0\"></span>at thes<span class=\"_ _0\"></span>e pric<span class=\"_ _0\"></span>es are not fro<span class=\"_ _0\"></span>m a suitab<span class=\"_ _0\"></span>ly ac<span class=\"_ _0\"></span>tive mar<span class=\"_ _0\"></span>ket and have the<span class=\"_ _0\"></span>refore clas<span class=\"_ _0\"></span>sif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d them as Leve<span class=\"_ _0\"></span>l 2. Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p\u2019s poli<span class=\"_ _0\"></span>cy is to re<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>sess c<span class=\"_ _0\"></span>ateg<span class=\"_ _0\"></span>oris<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial as<span class=\"_ _0\"></span>sets at t<span class=\"_ _0\"></span>he en<span class=\"_ _0\"></span>d of eac<span class=\"_ _0\"></span>h rep<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>ting pe<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>od an<span class=\"_ _0\"></span>d to reco<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>se tra<span class=\"_ _0\"></span>nsfers b<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en level<span class=\"_ _0\"></span>s<span class=\"_ gsec\"> </span>at that poin<span class=\"_ _0\"></span>t in time. At 31 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>24 debt se<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>riti<span class=\"_ _0\"></span>es totallin<span class=\"_ _0\"></span>g net \u00a30<span class=\"_ _0\"></span>.6b<span class=\"_ _0\"></span>n (2023<span class=\"_ _0\"></span>: \u00a30.7bn) transfer<span class=\"_ _0\"></span>red fr<span class=\"_ _0\"></span>om Level 2 to Level 1 in the fair<span class=\"_ gsec\"> </span>valu<span class=\"_ _0\"></span>e hier<span class=\"_ _0\"></span>arc<span class=\"_ _0\"></span>hy<span class=\"_ _1\"></span>. (b) Level <span class=\"_ _278\"></span><span class=\"ls1 ws0\">3<span class=\"ls18\"> asse<span class=\"_ _0\"></span>ts m<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>red at f<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>r va<span class=\"_ _0\"></span>lue<span class=\"_ _3b2\"> </span></span></span>Level 3 asse<span class=\"_ _0\"></span>ts, wh<span class=\"_ _0\"></span>ere mo<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>lling tec<span class=\"_ _0\"></span>hni<span class=\"_ _0\"></span>ques are us<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>, com<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>ise prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>y, <span class=\"_ _1\"></span>unqu<span class=\"_ _0\"></span>oted se<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>es, un<span class=\"_ _0\"></span>trad<span class=\"_ _0\"></span>ed de<span class=\"_ _0\"></span>bt sec<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>itie<span class=\"_ _0\"></span>s and se<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>es whe<span class=\"_ _0\"></span>re unqu<span class=\"_ _0\"></span>oted pr<span class=\"_ _0\"></span>ice<span class=\"_ _0\"></span>s are provid<span class=\"_ _0\"></span>ed by a single b<span class=\"_ _0\"></span>roker. <span class=\"_ _1\"></span>Un<span class=\"_ _0\"></span>quoted se<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ties in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>de susp<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d sec<span class=\"_ _0\"></span>uri<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>, inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nts in pri<span class=\"_ _0\"></span>vate equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y and prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>y vehic<span class=\"_ _0\"></span>les<span class=\"_ _0\"></span>. Untr<span class=\"_ _0\"></span>ade<span class=\"_ _0\"></span>d deb<span class=\"_ _0\"></span>t secu<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ties in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>de pr<span class=\"_ _0\"></span>ivate plac<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span>, co<span class=\"_ _0\"></span>mme<span class=\"_ _0\"></span>rci<span class=\"_ _0\"></span>al real est<span class=\"_ _0\"></span>ate loans<span class=\"_ _0\"></span>, inc<span class=\"_ _0\"></span>ome s<span class=\"_ _0\"></span>trip<span class=\"_ _0\"></span>s, reti<span class=\"_ _0\"></span>rem<span class=\"_ _0\"></span>ent intere<span class=\"_ _0\"></span>st on<span class=\"_ _0\"></span>ly and oth<span class=\"_ _0\"></span>er lif<span class=\"_ _1\"></span>etime<span class=\"_ _1\"></span> mortgages.<span class=\"_ _3b2\"> </span>In many situ<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns, in<span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>ts used to meas<span class=\"_ _0\"></span>ure the fair val<span class=\"_ _0\"></span>ue of an asset or lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ty m<span class=\"_ _0\"></span>ay fall into differe<span class=\"_ _0\"></span>nt leve<span class=\"_ _0\"></span>ls of the fair value hie<span class=\"_ _0\"></span>rarc<span class=\"_ _0\"></span>hy. In <span class=\"_ _1\"></span>the<span class=\"_ _0\"></span>se situ<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns, th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p deter<span class=\"_ _0\"></span>mine<span class=\"_ _0\"></span>s the leve<span class=\"_ _0\"></span>l in which th<span class=\"_ _0\"></span>e fair value falls bas<span class=\"_ _0\"></span>ed up<span class=\"_ _0\"></span>on the l<span class=\"_ _0\"></span>owest leve<span class=\"_ _0\"></span>l inpu<span class=\"_ _0\"></span>t that is signi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>can<span class=\"_ _0\"></span>t to the determi<span class=\"_ _0\"></span>natio<span class=\"_ _0\"></span>n of<span class=\"_ gsec\"> </span>the fair valu<span class=\"_ _0\"></span>e. As a resul<span class=\"_ _0\"></span>t, b<span class=\"_ _0\"></span>oth obse<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ble an<span class=\"_ _0\"></span>d unob<span class=\"_ _0\"></span>ser<span class=\"_ _3\"></span>vable in<span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>ts may be used in th<span class=\"_ _0\"></span>e deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ation of fair valu<span class=\"_ _0\"></span>es that the Gr<span class=\"_ _0\"></span>oup has<span class=\"_ _0\"></span> clas<span class=\"_ _0\"></span>sif<span class=\"_ _0\"></span>ied<span class=\"_ gsec\"> </span>w<span class=\"_ _0\"></span>ithi<span class=\"_ _0\"></span>n Level 3.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Group d<span class=\"_ _0\"></span>eterm<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>s the fair valu<span class=\"_ _0\"></span>es of cer<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ain f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial as<span class=\"_ _0\"></span>sets an<span class=\"_ _0\"></span>d liabili<span class=\"_ _0\"></span>ties ba<span class=\"_ _0\"></span>sed on qu<span class=\"_ _0\"></span>oted mar<span class=\"_ _0\"></span>ket pri<span class=\"_ _0\"></span>ces<span class=\"_ _0\"></span>, whe<span class=\"_ _0\"></span>re availabl<span class=\"_ _0\"></span>e. Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p also deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>es fair valu<span class=\"_ _0\"></span>e base<span class=\"_ _0\"></span>d on estim<span class=\"_ _0\"></span>ated fu<span class=\"_ _0\"></span>ture cas<span class=\"_ _0\"></span>h flows dis<span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>nted at the ap<span class=\"_ _0\"></span>prop<span class=\"_ _0\"></span>riate cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>t market rate. A<span class=\"_ _0\"></span>s appro<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>iate, fair valu<span class=\"_ _0\"></span>es refl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t adjus<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nts for co<span class=\"_ _0\"></span>unter<span class=\"_ _0\"></span>par<span class=\"_ _3\"></span>ty cr<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>t quali<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, <span class=\"_ _1\"></span>the Gro<span class=\"_ _0\"></span>up\u2019s cred<span class=\"_ _0\"></span>it sta<span class=\"_ _0\"></span>ndin<span class=\"_ _0\"></span>g, liq<span class=\"_ _0\"></span>uidi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y and risk m<span class=\"_ _0\"></span>argin<span class=\"_ _0\"></span>s on uno<span class=\"_ _0\"></span>bser<span class=\"_ _3\"></span>vable in<span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>ts.<span class=\"_ _3b2\"> </span>Fair valu<span class=\"_ _0\"></span>es are subje<span class=\"_ _0\"></span>ct to a cont<span class=\"_ _0\"></span>rol fra<span class=\"_ _0\"></span>mewo<span class=\"_ _0\"></span>rk des<span class=\"_ _0\"></span>igne<span class=\"_ _0\"></span>d to ensure that in<span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>t varia<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span>s and out<span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>ts are asses<span class=\"_ _0\"></span>sed in<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>nt of the risk take<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>. Th<span class=\"_ _0\"></span>ese inp<span class=\"_ _0\"></span>uts an<span class=\"_ _0\"></span>d out<span class=\"_ _0\"></span>put<span class=\"_ _0\"></span>s are reviewe<span class=\"_ _0\"></span>d and app<span class=\"_ _0\"></span>roved by a valuatio<span class=\"_ _0\"></span>n co<span class=\"_ _0\"></span>mmi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tee and vali<span class=\"_ _0\"></span>dated ind<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ly as appr<span class=\"_ _0\"></span>opr<span class=\"_ _0\"></span>iate.<span class=\"_ _3b2\"> </span><table class=\"s w20d h158\" id=\"_8a827fcb-1691-4961-8b78-2eb2ea8ad7ad\"><tr><td></td><td></td><td></td><td class=\"t m0 x680 h13 y435e ff5 fs9 fc1 sc0 ls1 ws0\">Othe<span class=\"_ _0\"></span>r </td><td></td><td></td><td></td><td class=\"t m0 x325 hf y435e ff3 fs9 fc1 sc0 ls1b ws1f\">Other<span class=\"_ _0\"></span> <span class=\"ls1 ws0\"> </span></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"t m0 x7bd h13 y435f ff5 fs9 fc1 sc0 ls1 ws0\">Equit<span class=\"_ _0\"></span>y </td><td class=\"t m0 x7be h13 y435f ff5 fs9 fc1 sc0 ls38 ws3a\">financial </td><td class=\"t m0 x4e9 h13 y435f ff6 fs9 fc1 sc0 ls2c ws34\">Inve<span class=\"_ _1\"></span>stment </td><td></td><td class=\"t m0 x45d hf y435f ff3 fs9 fc1 sc0 ls111 wsc0\">Equit<span class=\"_ _0\"></span>y </td><td class=\"t m0 x7bf hf y435f ff3 fs9 fc1 sc0 ls187 ws19c\">financial </td><td class=\"t m0 x658 hf y435f ff3 fs9 fc1 sc0 ls187 ws19c\">Investment </td><td></td></tr><tr><td></td><td></td><td class=\"t m0 x7c0 h13 y4360 ff5 fs9 fc1 sc0 ls1 ws0\">securities </td><td class=\"t m0 x45b h13 y4360 ff6 fs9 fc1 sc0 ls3d ws131\">investments </td><td class=\"t m0 x5ef h13 y4360 ff5 fs9 fc1 sc0 ls1 ws0\">proper<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y  </td><td class=\"t m0 x430 h13 y4360 ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x286 hf y4360 ff3 fs9 fc1 sc0 ls168 ws183\">securities </td><td class=\"t m0 x499 hf y4360 ff3 fs9 fc1 sc0 ls187 ws19c\">investments </td><td class=\"t m0 x7c1 hf y4360 ff3 fs9 fc1 sc0 ls3b ws45\">property <span class=\"ls1 ws0\"> </span></td><td class=\"t m0 x1c7 hf y4360 ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x7c2 h13 y4361 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x7c3 h13 y4361 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x7c4 h13 y4361 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x430 h13 y4361 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x26f hf y4361 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x26c hf y4361 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x7c5 hf y4361 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c7 hf y4361 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x7c6 h13 y4362 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x321 h13 y4362 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x464 h13 y4362 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x432 h13 y4362 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x465 hf y4362 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x466 hf y4362 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x467 hf y4362 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 hf y4362 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y41d1 w1d8 h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws0\">As a<span class=\"_ _0\"></span>t 1 Ja<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x7c7 y41d1 w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,392<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7c8 y41d1 w2f h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">20,463<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7c9 y41d1 w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">8,893<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7ca y41d1 w2f h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">31,748<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7cb y41d1 w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,307<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7cc y41d1 w3e h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">16,421<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7cd y41d1 w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">9,372<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7ce y41d1 w3e h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">28,100<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 h1a y4363 ff3 fs6 fc1 sc0 ls56 ws0\">T<span class=\"_ _1\"></span>otal ga<span class=\"_ _0\"></span>ins<span class=\"_ _0\"></span>/(lo<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s) for the y<span class=\"_ _0\"></span>ear<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4189 w114 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c x405 y4189 w20e h11a\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">realised gains<span class=\"_ _1\"></span> or (losses)</div><div class=\"t m0 x7cf h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7d0 y4189 w1e1 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7d1 y4189 w41 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(17)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7d2 y4189 wb4 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(2)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7d3 y4189 w41 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(15)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7d4 y4189 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">24<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7d5 y4189 w3b h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(432)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7d6 y4189 w50 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7d7 y4189 w3b h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(405)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y417f w114 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c x405 y417f w20f h11a\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">unrealised gains<span class=\"_ _1\"></span> or (losses)</div><div class=\"t m0 x7d8 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7d9 y417f w3a h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(208)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7da y417f w3a h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(278)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7db y417f w41 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(20)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7dc y417f w3a h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(506)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7dd y417f w5a h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(34)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7de y417f w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">357<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7df y417f w3b h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(923)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7e0 y417f w3b h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(600)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c0 w210 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10a ws118\">Purchases/<span class=\"_ _1\"></span>Additions<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x7e1 y40c0 w4a h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">789<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7e2 y40c0 w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">5,649<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7e3 y40c0 w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,502<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7e4 y40c0 w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">7,940<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7e5 y40c0 w42 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">278<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7e6 y40c0 w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">6,009<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7e7 y40c0 w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,264<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7e8 y40c0 w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">7,551<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c1 w211 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10a ws118\">Disposals/Dereco<span class=\"_ _0\"></span>gnitions<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x7e9 y40c1 w3a h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(364)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7ea y40c1 w33 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(3,369)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7eb y40c1 w3a h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(552)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7ec y40c1 w33 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(4,285)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7ed y40c1 w3b h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(149)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7ee y40c1 w34 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(2,018)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7ef y40c1 w3b h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(854)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7f0 y40c1 w34 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(3,021)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4182 w212 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">T<span class=\"_ _1\"></span>ransfe<span class=\"_ _0\"></span>rs i<span class=\"_ _0\"></span>nto Lev<span class=\"_ _0\"></span>el 3<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x7f1 y4182 wa4 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7f2 y4182 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">70<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7f3 y4182 wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7f4 y4182 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">70<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7f5 y4182 w50 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7f6 y4182 w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">241<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7f7 y4182 wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7f8 y4182 w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">243<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4183 w213 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">T<span class=\"_ _1\"></span>ransfe<span class=\"_ _0\"></span>rs o<span class=\"_ _0\"></span>ut of L<span class=\"_ _0\"></span>eve<span class=\"_ _0\"></span>l 3<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x7f9 y4183 wa4 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7fa y4183 w3a h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(144)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7fb y4183 wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7fc y4183 w3a h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(144)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7fd y4183 wc0 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(3)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7fe y4183 wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7ff y4183 wbf h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x800 y4183 w6a h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(3)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4184 w214 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">For<span class=\"_ _0\"></span>eig<span class=\"_ _0\"></span>n exc<span class=\"_ _0\"></span>han<span class=\"_ _0\"></span>ge r<span class=\"_ _0\"></span>ate move<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x801 y4184 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">14<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x802 y4184 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">38<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x803 y4184 w1e1 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x804 y4184 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">53<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x805 y4184 w71 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(33)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x806 y4184 w3b h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(115)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x807 y4184 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">31<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x808 y4184 w3b h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(117)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w1db h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls12e wsca\">As at<span class=\"_ _1\"></span> 31<span class=\"_ _1\"></span> December<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x809 y40ae w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,627<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x80a y40ae w215 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">22,412<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x80b y40ae w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">9,822<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x80c y40ae w2f h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">34,861<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x80d y40ae w30 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,392<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x80e y40ae w3e h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">20,463<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x80f y40ae w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">8,893<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x810 y40ae w3e h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">31,748<span class=\"_ _3b2\"> </span></div></td></tr></table>1.<span class=\"_ _1d\"> </span>Re<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d a<span class=\"_ _0\"></span>nd u<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>ed g<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>/(l<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>es) ar<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>ed i<span class=\"_ _0\"></span>n In<span class=\"_ _0\"></span>ves<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t re<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>n in t<span class=\"_ _0\"></span>he C<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed I<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e S<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Equity s<span class=\"_ _1\"></span>ecurities<span class=\"_ _3b2\"> </span>Level 3 equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y se<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>es amo<span class=\"_ _0\"></span>unt to \u00a32<span class=\"_ _0\"></span>,62<span class=\"_ _0\"></span>7m (<span class=\"_ _1\"></span>20<span class=\"_ _0\"></span>23<span class=\"_ _0\"></span>: \u00a32<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>92<span class=\"_ _0\"></span>m), of <span class=\"_ _1\"></span>whic<span class=\"_ _0\"></span>h the majo<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y is made up of hold<span class=\"_ _0\"></span>ings in inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y vehi<span class=\"_ _0\"></span>cle<span class=\"_ _0\"></span>s and<span class=\"_ gsec\"> </span>pr<span class=\"_ _0\"></span>ivate inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt fun<span class=\"_ _0\"></span>ds. T<span class=\"_ _0\"></span>hey are valu<span class=\"_ _0\"></span>ed at the pro<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on of the Grou<span class=\"_ _0\"></span>p\u2019s holdin<span class=\"_ _0\"></span>g of the Net As<span class=\"_ _0\"></span>set Value re<span class=\"_ _0\"></span>por<span class=\"_ _3\"></span>ted by the investm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span> vehic<span class=\"_ _0\"></span>les<span class=\"_ _0\"></span>.<span class=\"_ gsec\"> </span>O<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y se<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>es are value<span class=\"_ _0\"></span>d by a numbe<span class=\"_ _0\"></span>r of third<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y spe<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>alists us<span class=\"_ _0\"></span>ing a ran<span class=\"_ _0\"></span>ge of techni<span class=\"_ _0\"></span>que<span class=\"_ _0\"></span>s which are of<span class=\"_ _0\"></span>ten de<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>nt on<span class=\"_ _0\"></span> the<span class=\"_ gsec\"> </span>ma<span class=\"_ _0\"></span>turi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y of<span class=\"_ gsec\"> </span>the und<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>lyi<span class=\"_ _0\"></span>ng invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt but c<span class=\"_ _0\"></span>an also de<span class=\"_ _0\"></span>pen<span class=\"_ _0\"></span>d on the ch<span class=\"_ _0\"></span>ara<span class=\"_ _0\"></span>cteri<span class=\"_ _0\"></span>stic<span class=\"_ _0\"></span>s of indiv<span class=\"_ _0\"></span>idua<span class=\"_ _0\"></span>l assets<span class=\"_ _0\"></span>. Su<span class=\"_ _0\"></span>ch tec<span class=\"_ _0\"></span>hniq<span class=\"_ _0\"></span>ues in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>de tran<span class=\"_ _0\"></span>sac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n value<span class=\"_ _0\"></span>s unde<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>inn<span class=\"_ _0\"></span>ed by anal<span class=\"_ _0\"></span>ysis of miles<span class=\"_ _0\"></span>tone ac<span class=\"_ _0\"></span>hieve<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t and cas<span class=\"_ _0\"></span>h runway for earl<span class=\"_ _0\"></span>y/<span class=\"_ _1\"></span>star<span class=\"_ _3\"></span>t-<span class=\"_ _0\"></span>up stag<span class=\"_ _0\"></span>e invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts, dis<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>unted ca<span class=\"_ _0\"></span>sh fl<span class=\"_ _0\"></span>ow mod<span class=\"_ _0\"></span>els for<span class=\"_ gsec\"> </span>inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nts at the nex<span class=\"_ _0\"></span>t st<span class=\"_ _0\"></span>age of devel<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt and ear<span class=\"_ _0\"></span>nin<span class=\"_ _0\"></span>gs mul<span class=\"_ _0\"></span>tipl<span class=\"_ _0\"></span>es for more matu<span class=\"_ _0\"></span>re invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts.<span class=\"_ _3b2\"> </span>(b) Level <span class=\"_ _278\"></span><span class=\"ls1 ws0\">3<span class=\"ls18\"> asse<span class=\"_ _0\"></span>ts m<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>red at f<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>r va<span class=\"_ _0\"></span>lue <span class=\"ff86 lsd ws7f\">c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>nue<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></span></span></span>Other financial in<span class=\"_ _1\"></span>vestments<span class=\"_ _3b2\"> </span>Lifeti<span class=\"_ _0\"></span>me mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tgag<span class=\"_ _0\"></span>e (L<span class=\"_ _1\"></span>TM) loa<span class=\"_ _0\"></span>ns and reti<span class=\"_ _0\"></span>rem<span class=\"_ _0\"></span>ent intere<span class=\"_ _0\"></span>st on<span class=\"_ _0\"></span>ly mor<span class=\"_ _3\"></span>tgage<span class=\"_ _0\"></span>s amou<span class=\"_ _0\"></span>nt to \u00a35,<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>6<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>m (2023<span class=\"_ _0\"></span>: \u00a35,766<span class=\"_ _0\"></span>m). <span class=\"_ _1\"></span>Lifeti<span class=\"_ _0\"></span>me mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tgag<span class=\"_ _0\"></span>es are valu<span class=\"_ _0\"></span>ed usi<span class=\"_ _0\"></span>ng a disco<span class=\"_ _0\"></span>unted c<span class=\"_ _0\"></span>ash fl<span class=\"_ _0\"></span>ow mod<span class=\"_ _0\"></span>el by proje<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ng be<span class=\"_ _0\"></span>st esti<span class=\"_ _0\"></span>mate net ass<span class=\"_ _0\"></span>et proc<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>eds an<span class=\"_ _0\"></span>d disco<span class=\"_ _0\"></span>unted us<span class=\"_ _0\"></span>ing rates infer<span class=\"_ _0\"></span>red fro<span class=\"_ _0\"></span>m cur<span class=\"_ _0\"></span>rent L<span class=\"_ _1\"></span>TM lo<span class=\"_ _0\"></span>an pri<span class=\"_ _0\"></span>cin<span class=\"_ _0\"></span>g. Th<span class=\"_ _0\"></span>e inf<span class=\"_ _1\"></span>er<span class=\"_ _0\"></span>red illiqui<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>y premi<span class=\"_ _0\"></span>ums for <span class=\"_ _1\"></span>the majo<span class=\"_ _0\"></span>rit<span class=\"_ _0\"></span>y of <span class=\"_ _1\"></span>the por<span class=\"_ _3\"></span>tfoli<span class=\"_ _0\"></span>o range bet<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n 1<span class=\"_ _4\"></span>5<span class=\"_ _0\"></span>0 and 2<span class=\"_ _1\"></span>5<span class=\"_ _0\"></span>0b<span class=\"_ _0\"></span>ps. This ensu<span class=\"_ _0\"></span>res the value of <span class=\"_ _1\"></span>loans at <span class=\"_ _1\"></span>out<span class=\"_ _0\"></span>set is <span class=\"_ _1\"></span>con<span class=\"_ _0\"></span>sisten<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> with th<span class=\"_ _0\"></span>e purc<span class=\"_ _0\"></span>hase pr<span class=\"_ _0\"></span>ice of the lo<span class=\"_ _0\"></span>an and ac<span class=\"_ _0\"></span>hieve<span class=\"_ _0\"></span>s cons<span class=\"_ _0\"></span>isten<span class=\"_ _0\"></span>cy bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en new an<span class=\"_ _0\"></span>d in<span class=\"_ _0\"></span>-for<span class=\"_ _0\"></span>ce loa<span class=\"_ _0\"></span>ns. L<span class=\"_ _0\"></span>ifetim<span class=\"_ _0\"></span>e mor<span class=\"_ _3\"></span>tgages in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>de a no neg<span class=\"_ _0\"></span>ative eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> guar<span class=\"_ _0\"></span>antee (N<span class=\"_ _0\"></span>NE<span class=\"_ _0\"></span>G) <span class=\"_ _1\"></span>to borr<span class=\"_ _0\"></span>owers<span class=\"_ _0\"></span>. This en<span class=\"_ _0\"></span>sure<span class=\"_ _0\"></span>s that if there is a sho<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>fall be<span class=\"_ _0\"></span>twe<span class=\"_ _0\"></span>en th<span class=\"_ _0\"></span>e sale pro<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>s of the prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y an<span class=\"_ _0\"></span>d the ou<span class=\"_ _0\"></span>tsta<span class=\"_ _0\"></span>ndin<span class=\"_ _0\"></span>g loan<span class=\"_ _0\"></span> balan<span class=\"_ _0\"></span>ce o<span class=\"_ _0\"></span>n rede<span class=\"_ _0\"></span>mptio<span class=\"_ _0\"></span>n of the loan<span class=\"_ _0\"></span>, the valu<span class=\"_ _0\"></span>e of the loan will b<span class=\"_ _0\"></span>e redu<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>d by this amou<span class=\"_ _0\"></span>nt. T<span class=\"_ _0\"></span>he NN<span class=\"_ _0\"></span>EG on loa<span class=\"_ _0\"></span>n rede<span class=\"_ _0\"></span>mpti<span class=\"_ _0\"></span>on is value<span class=\"_ _0\"></span>d as a serie<span class=\"_ _0\"></span>s of put<span class=\"_ gsec\"> </span>o<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>, which we cal<span class=\"_ _0\"></span>cul<span class=\"_ _0\"></span>ate using a varia<span class=\"_ _0\"></span>nt of the Blac<span class=\"_ _0\"></span>k-<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>ole<span class=\"_ _0\"></span>s formu<span class=\"_ _0\"></span>la. Key assu<span class=\"_ _0\"></span>mpti<span class=\"_ _0\"></span>ons in the val<span class=\"_ _0\"></span>uatio<span class=\"_ _0\"></span>n of lifetime mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tgag<span class=\"_ _0\"></span>es inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>e sho<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t-<span class=\"_ _0\"></span>term an<span class=\"_ _0\"></span>d long<span class=\"_ _3\"></span>-term p<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y grow<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h rates, pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y ind<span class=\"_ _0\"></span>ex volati<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y, voluntar<span class=\"_ _3\"></span>y earl<span class=\"_ _0\"></span>y repaym<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts and lon<span class=\"_ _0\"></span>gev<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y assu<span class=\"_ _0\"></span>mpti<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e valuatio<span class=\"_ _0\"></span>n as<span class=\"_ gsec\"> </span>at 31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2024 ref<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>cts a co<span class=\"_ _0\"></span>mbin<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of shor<span class=\"_ _0\"></span>t-<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>m and lon<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>-ter<span class=\"_ _0\"></span>m pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y grow<span class=\"_ _0\"></span>th rate assu<span class=\"_ _0\"></span>mpti<span class=\"_ _0\"></span>ons eq<span class=\"_ _0\"></span>uival<span class=\"_ _0\"></span>ent to a flat rate of 3.4% annu<span class=\"_ _0\"></span>ally, after all<span class=\"_ _0\"></span>owing for the ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>ts of dilapi<span class=\"_ _0\"></span>datio<span class=\"_ _0\"></span>n. T<span class=\"_ _0\"></span>he valu<span class=\"_ _0\"></span>es of the prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ties co<span class=\"_ _0\"></span>llateral<span class=\"_ _0\"></span>ising th<span class=\"_ _0\"></span>e L<span class=\"_ _1\"></span>TM loans are up<span class=\"_ _0\"></span>dated fro<span class=\"_ _0\"></span>m the date of the last pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y valu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n to the valuatio<span class=\"_ _0\"></span>n date by indexin<span class=\"_ _0\"></span>g using U<span class=\"_ _0\"></span>K regio<span class=\"_ _0\"></span>nal ho<span class=\"_ _0\"></span>use pr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e indic<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Pri<span class=\"_ _0\"></span>vate credi<span class=\"_ _0\"></span>t loan<span class=\"_ _0\"></span>s (inc<span class=\"_ _0\"></span>ludi<span class=\"_ _0\"></span>ng co<span class=\"_ _0\"></span>mme<span class=\"_ _0\"></span>rci<span class=\"_ _0\"></span>al real est<span class=\"_ _0\"></span>ate loans) amount to \u00a31<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>,779<span class=\"_ _0\"></span>m (202<span class=\"_ _0\"></span>3: \u00a310,5<span class=\"_ _0\"></span>7<span class=\"_ _1\"></span>4<span class=\"_ _0\"></span>m). <span class=\"_ _1\"></span>Th<span class=\"_ _0\"></span>eir valu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n is determ<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d by disco<span class=\"_ _0\"></span>unted<span class=\"_ _0\"></span> fut<span class=\"_ _0\"></span>ure cas<span class=\"_ _0\"></span>h flows whi<span class=\"_ _0\"></span>ch are base<span class=\"_ _0\"></span>d on the yi<span class=\"_ _0\"></span>eld c<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ve of the As<span class=\"_ _0\"></span>set Ma<span class=\"_ _0\"></span>nage<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt app<span class=\"_ _0\"></span>roved co<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>rab<span class=\"_ _0\"></span>le bo<span class=\"_ _0\"></span>nds and th<span class=\"_ _0\"></span>e initi<span class=\"_ _0\"></span>al spre<span class=\"_ _0\"></span>ad, bot<span class=\"_ _0\"></span>h of which are agre<span class=\"_ _0\"></span>ed by IHS M<span class=\"_ _0\"></span>ark<span class=\"_ _0\"></span>it wh<span class=\"_ _0\"></span>o also provid<span class=\"_ _0\"></span>e an inde<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>ent valu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of compa<span class=\"_ _0\"></span>rab<span class=\"_ _0\"></span>le bo<span class=\"_ _0\"></span>nds<span class=\"_ _0\"></span>. Uno<span class=\"_ _0\"></span>bse<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vab<span class=\"_ _0\"></span>le inp<span class=\"_ _0\"></span>uts that g<span class=\"_ _0\"></span>o into the deter<span class=\"_ _0\"></span>minat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span> of<span class=\"_ gsec\"> </span>com<span class=\"_ _0\"></span>par<span class=\"_ _0\"></span>ators inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>e ratin<span class=\"_ _0\"></span>g, se<span class=\"_ _0\"></span>ctor, sub<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ctor, per<span class=\"_ _0\"></span>form<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e dy<span class=\"_ _0\"></span>nami<span class=\"_ _0\"></span>cs<span class=\"_ _0\"></span>, fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cing s<span class=\"_ _0\"></span>tru<span class=\"_ _0\"></span>ctu<span class=\"_ _0\"></span>re and dur<span class=\"_ _0\"></span>ation of invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt. E<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>istin<span class=\"_ _0\"></span>g pri<span class=\"_ _0\"></span>vate credi<span class=\"_ _0\"></span>t invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts, whi<span class=\"_ _0\"></span>ch were exe<span class=\"_ _0\"></span>cute<span class=\"_ _0\"></span>d as far back as 201<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>, are subje<span class=\"_ _0\"></span>ct to a range of interes<span class=\"_ _0\"></span>t rate formats<span class=\"_ _0\"></span>, alth<span class=\"_ _0\"></span>oug<span class=\"_ _0\"></span>h the majo<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y are fixe<span class=\"_ _0\"></span>d rate. The<span class=\"_ _0\"></span> weighte<span class=\"_ _0\"></span>d average du<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>on of the por<span class=\"_ _3\"></span>tfol<span class=\"_ _0\"></span>io is 7<span class=\"_ _4\"></span>.6 years<span class=\"_ _0\"></span>, wit<span class=\"_ _0\"></span>h a weighted averag<span class=\"_ _0\"></span>e life of 1<span class=\"_ _4\"></span>1.0 <span class=\"_ _1\"></span>year<span class=\"_ _0\"></span>s. Matu<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ties in th<span class=\"_ _0\"></span>e por<span class=\"_ _3\"></span>tfoli<span class=\"_ _0\"></span>o curr<span class=\"_ _0\"></span>entl<span class=\"_ _0\"></span>y ex<span class=\"_ _0\"></span>tend out<span class=\"_ gsec\"> </span>to<span class=\"_ gsec\"> </span>20<span class=\"_ _0\"></span>7<span class=\"_ _1\"></span>4. The pr<span class=\"_ _0\"></span>ivate cre<span class=\"_ _0\"></span>dit p<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>foli<span class=\"_ _0\"></span>o of assets has inter<span class=\"_ _0\"></span>nal rati<span class=\"_ _0\"></span>ngs ass<span class=\"_ _0\"></span>igne<span class=\"_ _0\"></span>d by an inde<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>nt cre<span class=\"_ _0\"></span>dit team in lin<span class=\"_ _0\"></span>e with inter<span class=\"_ _0\"></span>nall<span class=\"_ _0\"></span>y devel<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span> meth<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>olo<span class=\"_ _0\"></span>gie<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>hese c<span class=\"_ _0\"></span>redi<span class=\"_ _0\"></span>t ratin<span class=\"_ _0\"></span>gs rang<span class=\"_ _0\"></span>e from A<span class=\"_ _3\"></span>A<span class=\"_ _3\"></span>A to <span class=\"_ _1\"></span>BB<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Pri<span class=\"_ _0\"></span>vate place<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts he<span class=\"_ _0\"></span>ld by the US bus<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>ss amo<span class=\"_ _0\"></span>unt to \u00a32<span class=\"_ _0\"></span>,<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>81<span class=\"_ _1\"></span>m (2023<span class=\"_ _0\"></span>: \u00a31,68<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>m). They are valu<span class=\"_ _0\"></span>ed usi<span class=\"_ _0\"></span>ng a pric<span class=\"_ _0\"></span>ing mat<span class=\"_ _0\"></span>rix co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>rise<span class=\"_ _0\"></span>d of a public<span class=\"_ _0\"></span> spre<span class=\"_ _0\"></span>ad matri<span class=\"_ _0\"></span>x, in<span class=\"_ _0\"></span>terna<span class=\"_ _0\"></span>l rating<span class=\"_ _0\"></span>s assign<span class=\"_ _0\"></span>ed to each h<span class=\"_ _0\"></span>oldi<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>, average life of eac<span class=\"_ _0\"></span>h holdi<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>, and a prem<span class=\"_ _0\"></span>ium spre<span class=\"_ _0\"></span>ad matr<span class=\"_ _0\"></span>ix<span class=\"_ _0\"></span>. The<span class=\"_ _0\"></span>se are add<span class=\"_ _0\"></span>ed to the risk-<span class=\"_ _0\"></span>fre<span class=\"_ _0\"></span>e rate to calcul<span class=\"_ _0\"></span>ate the disco<span class=\"_ _0\"></span>unted c<span class=\"_ _0\"></span>ash fl<span class=\"_ _0\"></span>ows and est<span class=\"_ _0\"></span>ablis<span class=\"_ _0\"></span>h a market valu<span class=\"_ _0\"></span>e for each inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt gra<span class=\"_ _0\"></span>de pri<span class=\"_ _0\"></span>vate plac<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>. The val<span class=\"_ _0\"></span>uatio<span class=\"_ _0\"></span>n as<span class=\"_ gsec\"> </span>at<span class=\"_ gsec\"> </span>31 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>24 refle<span class=\"_ _0\"></span>cts ill<span class=\"_ _0\"></span>iquid<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y pre<span class=\"_ _0\"></span>mium<span class=\"_ _0\"></span>s bet<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n 20 and 70<span class=\"_ _0\"></span>bps<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e stri<span class=\"_ _0\"></span>p assets am<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nt to \u00a31<span class=\"_ _1\"></span>,28<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>m (202<span class=\"_ _0\"></span>3: \u00a31,3<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>6m). The<span class=\"_ _0\"></span>ir valuati<span class=\"_ _0\"></span>on is ou<span class=\"_ _0\"></span>tsou<span class=\"_ _0\"></span>rce<span class=\"_ _0\"></span>d to Knight Fra<span class=\"_ _0\"></span>nk and CB<span class=\"_ _0\"></span>RE wh<span class=\"_ _0\"></span>o appl<span class=\"_ _0\"></span>y a yield to matur<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y to<span class=\"_ gsec\"> </span>disco<span class=\"_ _0\"></span>unted fu<span class=\"_ _0\"></span>ture c<span class=\"_ _0\"></span>ash fl<span class=\"_ _0\"></span>ows to derive valu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns. T<span class=\"_ _0\"></span>he overa<span class=\"_ _0\"></span>ll valuati<span class=\"_ _0\"></span>on takes into acc<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nt the pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y lo<span class=\"_ _0\"></span>cati<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>, tenant de<span class=\"_ _0\"></span>tails<span class=\"_ _0\"></span>, tenure<span class=\"_ _0\"></span>, rent<span class=\"_ _0\"></span>, renta<span class=\"_ _0\"></span>l break ter<span class=\"_ _0\"></span>ms, l<span class=\"_ _0\"></span>ease exp<span class=\"_ _0\"></span>iri<span class=\"_ _0\"></span>es and un<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>ly<span class=\"_ _0\"></span>ing resi<span class=\"_ _0\"></span>dual val<span class=\"_ _0\"></span>ue of the prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ty. The valu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n as at 31 <span class=\"_ _1\"></span>De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>24 refl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ts equi<span class=\"_ _0\"></span>vale<span class=\"_ _0\"></span>nt yie<span class=\"_ _0\"></span>ld rang<span class=\"_ _0\"></span>es be<span class=\"_ _0\"></span>twe<span class=\"_ _0\"></span>en 2<span class=\"_ _0\"></span>% and 1<span class=\"_ _1\"></span>7% and es<span class=\"_ _0\"></span>tima<span class=\"_ _0\"></span>ted rental val<span class=\"_ _0\"></span>ues (E<span class=\"_ _0\"></span>RV<span class=\"_ _0\"></span>) b<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n \u00a37 and \u00a3<span class=\"_ _0\"></span>367 pe<span class=\"_ _0\"></span>r sq.f<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Co<span class=\"_ _0\"></span>mm<span class=\"_ _0\"></span>erci<span class=\"_ _0\"></span>al mor<span class=\"_ _3\"></span>tgage loa<span class=\"_ _0\"></span>ns amo<span class=\"_ _0\"></span>unt to \u00a38<span class=\"_ _0\"></span>4<span class=\"_ _3\"></span>3m (202<span class=\"_ _0\"></span>3: \u00a37<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>m) <span class=\"_ _1\"></span>and are de<span class=\"_ _0\"></span>term<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d by inco<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>orat<span class=\"_ _0\"></span>ing cre<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t risk for per<span class=\"_ _3\"></span>formi<span class=\"_ _0\"></span>ng loa<span class=\"_ _0\"></span>ns at the por<span class=\"_ _3\"></span>tfol<span class=\"_ _0\"></span>io level an<span class=\"_ _0\"></span>d adjus<span class=\"_ _0\"></span>ted for loans id<span class=\"_ _0\"></span>enti<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ed to be distre<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>d at the loan le<span class=\"_ _0\"></span>vel. T<span class=\"_ _0\"></span>he pro<span class=\"_ _0\"></span>jec<span class=\"_ _0\"></span>ted cas<span class=\"_ _0\"></span>h flows of eac<span class=\"_ _0\"></span>h loan are disc<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nted alo<span class=\"_ _0\"></span>ng stoc<span class=\"_ _0\"></span>hasti<span class=\"_ _0\"></span>c risk-<span class=\"_ _0\"></span>fre<span class=\"_ _0\"></span>e rate paths and are in<span class=\"_ _0\"></span>clus<span class=\"_ _0\"></span>ive of an Optio<span class=\"_ _0\"></span>n Adjus<span class=\"_ _0\"></span>ted Spre<span class=\"_ _0\"></span>ad (OAS), de<span class=\"_ _0\"></span>rive<span class=\"_ _0\"></span>d from cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nt inter<span class=\"_ _0\"></span>nal pr<span class=\"_ _0\"></span>icin<span class=\"_ _0\"></span>g on new lo<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>, alon<span class=\"_ _0\"></span>g with<span class=\"_ gsec\"> </span>t<span class=\"_ _0\"></span>he bes<span class=\"_ _0\"></span>t obse<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ble inp<span class=\"_ _0\"></span>uts<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e valuati<span class=\"_ _0\"></span>on as at 31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2024 ref<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>cts illiq<span class=\"_ _0\"></span>uidi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y prem<span class=\"_ _0\"></span>iums b<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n 20 and 50<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>ps.<span class=\"_ _3b2\"> </span>Ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r debt se<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>es whic<span class=\"_ _0\"></span>h are not trad<span class=\"_ _0\"></span>ed in an ac<span class=\"_ _0\"></span>tive mar<span class=\"_ _0\"></span>ket amou<span class=\"_ _0\"></span>nt to \u00a346<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>m (202<span class=\"_ _0\"></span>3: \u00a3<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>49m). They have be<span class=\"_ _0\"></span>en valu<span class=\"_ _0\"></span>ed usi<span class=\"_ _0\"></span>ng third<span class=\"_ _3\"></span>-p<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y or<span class=\"_ _0\"></span> cou<span class=\"_ _0\"></span>nter<span class=\"_ _0\"></span>par<span class=\"_ _3\"></span>ty valu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns, an<span class=\"_ _0\"></span>d thes<span class=\"_ _0\"></span>e pric<span class=\"_ _0\"></span>es are co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>d to be unobs<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ble du<span class=\"_ _0\"></span>e to infreque<span class=\"_ _0\"></span>nt mar<span class=\"_ _0\"></span>ket tran<span class=\"_ _0\"></span>sac<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s. Inv<span class=\"_ _1\"></span>estment property<span class=\"_ _3b2\"> </span>Level 3 invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ty am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ting to \u00a39,<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2m (202<span class=\"_ _0\"></span>3: \u00a3<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>89<span class=\"_ _0\"></span>3m) is valued wi<span class=\"_ _0\"></span>th the invol<span class=\"_ _0\"></span>vem<span class=\"_ _0\"></span>ent of ex<span class=\"_ _0\"></span>tern<span class=\"_ _0\"></span>al value<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>. All pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y valua<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s in the UK are c<span class=\"_ _0\"></span>arr<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d out in ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>rdan<span class=\"_ _0\"></span>ce wit<span class=\"_ _0\"></span>h the latest ed<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>on of the Valuatio<span class=\"_ _0\"></span>n S<span class=\"_ _0\"></span>tand<span class=\"_ _0\"></span>ards pu<span class=\"_ _0\"></span>blish<span class=\"_ _0\"></span>ed by the Royal In<span class=\"_ _0\"></span>stit<span class=\"_ _0\"></span>ute of Char<span class=\"_ _0\"></span>tere<span class=\"_ _0\"></span>d Su<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>veyo<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>, and are und<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>aken by appro<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>iately qu<span class=\"_ _0\"></span>alif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d value<span class=\"_ _0\"></span>rs as def<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d the<span class=\"_ _0\"></span>rein<span class=\"_ _0\"></span>. Ou<span class=\"_ _0\"></span>tsid<span class=\"_ _0\"></span>e the UK<span class=\"_ _0\"></span>, valu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns are prod<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>ed in co<span class=\"_ _0\"></span>njun<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on wit<span class=\"_ _0\"></span>h ex<span class=\"_ _0\"></span>terna<span class=\"_ _0\"></span>l qualif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d professi<span class=\"_ _0\"></span>onal valu<span class=\"_ _0\"></span>es in the count<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>s conc<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>d. Whil<span class=\"_ _0\"></span>st trans<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>ion evid<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ce und<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>pins the valuat<span class=\"_ _0\"></span>ion pro<span class=\"_ _0\"></span>ces<span class=\"_ _0\"></span>s, the def<span class=\"_ _0\"></span>ini<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of <span class=\"_ _1\"></span>mar<span class=\"_ _0\"></span>ket value, inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span> the co<span class=\"_ _0\"></span>mme<span class=\"_ _0\"></span>ntar<span class=\"_ _3\"></span>y, <span class=\"_ _1\"></span>in practi<span class=\"_ _0\"></span>ce requ<span class=\"_ _0\"></span>ires the value<span class=\"_ _0\"></span>r to <span class=\"_ _1\"></span>refl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t the realiti<span class=\"_ _0\"></span>es of <span class=\"_ _1\"></span>the cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>t market<span class=\"_ _0\"></span>. In <span class=\"_ _1\"></span>this con<span class=\"_ _0\"></span>tex<span class=\"_ _0\"></span>t, value<span class=\"_ _0\"></span>rs mus<span class=\"_ _0\"></span>t use their mar<span class=\"_ _0\"></span>ket<span class=\"_ gsec\"> </span>kn<span class=\"_ _0\"></span>owle<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span> and profess<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>al judg<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent an<span class=\"_ _0\"></span>d not rely onl<span class=\"_ _0\"></span>y upo<span class=\"_ _0\"></span>n mar<span class=\"_ _0\"></span>ket senti<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t based o<span class=\"_ _0\"></span>n histori<span class=\"_ _0\"></span>c trans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>al com<span class=\"_ _0\"></span>par<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>es.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e valuati<span class=\"_ _0\"></span>on of investm<span class=\"_ _0\"></span>ent pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es also in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>es an inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e app<span class=\"_ _0\"></span>roac<span class=\"_ _0\"></span>h that is base<span class=\"_ _0\"></span>d on cur<span class=\"_ _0\"></span>rent ren<span class=\"_ _0\"></span>tal inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e plus ant<span class=\"_ _0\"></span>icip<span class=\"_ _0\"></span>ated upli<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ts,<span class=\"_ _0\"></span> whe<span class=\"_ _0\"></span>re<span class=\"_ gsec\"> </span>the up<span class=\"_ _0\"></span>lif<span class=\"_ _0\"></span>t and dis<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>unt rates are de<span class=\"_ _0\"></span>rive<span class=\"_ _0\"></span>d from rates im<span class=\"_ _0\"></span>plie<span class=\"_ _0\"></span>d by rece<span class=\"_ _0\"></span>nt mar<span class=\"_ _0\"></span>ket trans<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s. Th<span class=\"_ _0\"></span>ese in<span class=\"_ _0\"></span>put<span class=\"_ _0\"></span>s are dee<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>d uno<span class=\"_ _0\"></span>bser<span class=\"_ _3\"></span>vabl<span class=\"_ _0\"></span>e. Th<span class=\"_ _0\"></span>e<span class=\"_ gsec\"> </span>valuat<span class=\"_ _0\"></span>ion as at 31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>24 refle<span class=\"_ _0\"></span>cts e<span class=\"_ _0\"></span>quiva<span class=\"_ _0\"></span>len<span class=\"_ _0\"></span>t yiel<span class=\"_ _0\"></span>d rang<span class=\"_ _0\"></span>es bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en 1<span class=\"_ _1\"></span>% and 5<span class=\"_ _0\"></span>3% and E<span class=\"_ _0\"></span>RV be<span class=\"_ _0\"></span>twe<span class=\"_ _0\"></span>en \u00a3<span class=\"_ _0\"></span>2 and \u00a3<span class=\"_ _0\"></span>36<span class=\"_ _0\"></span>9 per sq<span class=\"_ _0\"></span>.f<span class=\"_ _0\"></span>t.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e table b<span class=\"_ _0\"></span>elow sh<span class=\"_ _0\"></span>ows the valuat<span class=\"_ _0\"></span>ion of invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ty by sec<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>:<span class=\"_ _3b2\"> </span><table class=\"s w15d h159\" id=\"_9ba6922f-b139-473a-b71a-e64f7d42c59b\"><tr><td></td><td class=\"t m2 x1c6 h13 y4364 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y4364 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x1c8 h13 y4365 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y4365 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y40bf w112 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls112 ws6\">Retail<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x811 y40bf w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,242<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x812 y40bf w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,169<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y418c w216 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws132\">Leisure<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x209 y418c w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">493<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x20a y418c w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">451<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c1 w217 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls112 ws6\">Distri<span class=\"_ _0\"></span>butio<span class=\"_ _0\"></span>n<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x813 y40c1 w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,058<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x814 y40c1 w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,076<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c2 w218 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws54\">Off<span class=\"_ _0\"></span>ice space<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1d2 y40c2 w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,876<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1d3 y40c2 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,768<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w219 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 lsea ws27\">Industrial and other commercial<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1e9 y4121 w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,805<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1ea y4121 w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,714<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4158 w21a h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls12e ws142\">Accommodat<span class=\"_ _1\"></span>ion<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1e9 y4158 w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,348<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1ea y4158 w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,715<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w21b h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws0\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1e7 y40ae w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">9,822<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1e8 y40ae w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">8,893<span class=\"_ _3b2\"> </span></div></td></tr></table>(<span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>) <span class=\"_ _4c\"> </span>Ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t of cha<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ges i<span class=\"_ _0\"></span>n as<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>mpt<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s on Le<span class=\"_ _0\"></span>vel <span class=\"ls1\">3<span class=\"lsac ws8\"> assets<span class=\"_ _3b2\"> </span></span></span>Fair valu<span class=\"_ _0\"></span>es of fina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al instr<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s are, in ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tai<span class=\"_ _0\"></span>n circu<span class=\"_ _0\"></span>mst<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, measu<span class=\"_ _0\"></span>red usi<span class=\"_ _0\"></span>ng valu<span class=\"_ _0\"></span>ation tec<span class=\"_ _0\"></span>hni<span class=\"_ _0\"></span>que<span class=\"_ _0\"></span>s that inc<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>por<span class=\"_ _0\"></span>ate assum<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>ns that are not<span class=\"_ gsec\"> </span>evi<span class=\"_ _0\"></span>den<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>d by pric<span class=\"_ _0\"></span>es fro<span class=\"_ _0\"></span>m obse<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vab<span class=\"_ _0\"></span>le cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>t market tr<span class=\"_ _0\"></span>ansa<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ons in the sa<span class=\"_ _0\"></span>me ins<span class=\"_ _0\"></span>tru<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt and are not bas<span class=\"_ _0\"></span>ed on ob<span class=\"_ _0\"></span>ser<span class=\"_ _3\"></span>vable ma<span class=\"_ _0\"></span>rket data<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Wh<span class=\"_ _0\"></span>ere materi<span class=\"_ _0\"></span>al, the Grou<span class=\"_ _0\"></span>p assess<span class=\"_ _0\"></span>es the sensi<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y of fair <span class=\"_ _1\"></span>valu<span class=\"_ _0\"></span>es of <span class=\"_ _1\"></span>Level 3 investm<span class=\"_ _0\"></span>ents to chang<span class=\"_ _0\"></span>es in unobse<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ble inp<span class=\"_ _0\"></span>uts to reasonab<span class=\"_ _0\"></span>le alter<span class=\"_ _0\"></span>native<span class=\"_ _0\"></span> assu<span class=\"_ _0\"></span>mptio<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>. The tabl<span class=\"_ _0\"></span>e below shows the impa<span class=\"_ _0\"></span>ct of applyi<span class=\"_ _0\"></span>ng thes<span class=\"_ _0\"></span>e sensi<span class=\"_ _0\"></span>tivi<span class=\"_ _0\"></span>ties to the fair value of <span class=\"_ _1\"></span>Level 3 assets as at <span class=\"_ _1\"></span>31 Dec<span class=\"_ _0\"></span>emb<span class=\"_ _0\"></span>er<span class=\"_ gsec\"> </span>2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>24. Fur<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r discl<span class=\"_ _0\"></span>osu<span class=\"_ _0\"></span>re on how these sensi<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>itie<span class=\"_ _0\"></span>s have <span class=\"_ _1\"></span>be<span class=\"_ _0\"></span>en app<span class=\"_ _0\"></span>lied ca<span class=\"_ _0\"></span>n be found in the descr<span class=\"_ _0\"></span>iptio<span class=\"_ _0\"></span>ns followin<span class=\"_ _0\"></span>g the table.<span class=\"_ _3b2\"> </span><table class=\"s w13f h15a\" id=\"_ded7562a-f7f0-4e0f-a4f4-ba3ae346cb99\"><tr><td></td><td></td><td></td><td class=\"t m0 x1c6 h13 y4366 ff6 fs9 fc1 sc0 ls38 ws3a\">Sensitivities<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m0 x4ec h13 y4367 ff6 fs9 fc1 sc0 ls18 ws32\">Fai<span class=\"_ _0\"></span>r val<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>e 202<span class=\"_ _0\"></span>4<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x26c h13 y4367 ff6 fs9 fc1 sc0 ls38 ws3a\">Positive<span class=\"_ _1\"></span> impact </td><td class=\"t m0 x815 h13 y4367 ff6 fs9 fc1 sc0 ls18 ws32\">Ne<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ive im<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t </td></tr><tr><td></td><td class=\"t m0 x433 h13 y4368 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c8 h13 y4368 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 h13 y4368 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y42f5 w21c h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls113 ws5b\">Lifet<span class=\"_ _1\"></span>ime mortgages<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x816 y42f5 w36 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">5,861<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x402 y42f5 w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">237<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x817 y42f5 w3a h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(289)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4192 w21d h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls11e ws5c\">Privat<span class=\"_ _1\"></span>e credit<span class=\"_ _1\"></span> por<span class=\"_ _0\"></span>tfolios<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x818 y4192 w93 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">14,803<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x819 y4192 w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">647<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x81a y4192 w3a h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(647)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y419e w7f h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws23\">Inv<span class=\"_ _1\"></span>estment<span class=\"_ _1\"></span> property<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x718 y419e w36 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">9,822<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x81b y419e w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">776<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x81c y419e w3a h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(776)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y4108 w1da h11a\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Other investments</div><div class=\"t m0 x664 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x709 y4158 w36 h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">4,375<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x81d y4158 w4a h118\"><div class=\"t m0 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">289<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x81e y4158 w3a h118\"><div class=\"t m0 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">(349)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w21e h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l Leve<span class=\"_ _0\"></span>l 3 asse<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x81f y40ae w2f h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">34,861<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x820 y40ae w36 h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">1,949<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x821 y40ae w33 h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">(2,061)<span class=\"_ _3b2\"> </span></div></td></tr></table>1. <span class=\"_ _15\"> </span>O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er i<span class=\"_ _0\"></span>nve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s in<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>de L<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>el 3 e<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y se<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, in<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e s<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ip a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>nd o<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r tr<span class=\"_ _0\"></span>ad<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d de<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>t se<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s w<span class=\"_ _0\"></span>hi<span class=\"_ _0\"></span>ch a<span class=\"_ _0\"></span>re L<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>el 3<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e sensi<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>itie<span class=\"_ _0\"></span>s are not a func<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of sensiti<span class=\"_ _0\"></span>sing a sing<span class=\"_ _0\"></span>le vari<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e relatin<span class=\"_ _0\"></span>g to the valuatio<span class=\"_ _0\"></span>n of the asset<span class=\"_ _0\"></span>, but ra<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r a funct<span class=\"_ _0\"></span>ion of fl<span class=\"_ _0\"></span>exin<span class=\"_ _0\"></span>g multi<span class=\"_ _0\"></span>ple<span class=\"_ _0\"></span> factor<span class=\"_ _0\"></span>s of<span class=\"_ _0\"></span>ten at indiv<span class=\"_ _0\"></span>idua<span class=\"_ _0\"></span>l asset leve<span class=\"_ _0\"></span>l. T<span class=\"_ _0\"></span>he followi<span class=\"_ _0\"></span>ng sets ou<span class=\"_ _0\"></span>t a numb<span class=\"_ _0\"></span>er of key factors by asse<span class=\"_ _0\"></span>t ty<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>, and how the<span class=\"_ _0\"></span>y have bee<span class=\"_ _0\"></span>n flexe<span class=\"_ _0\"></span>d to derive<span class=\"_ _0\"></span> reasonable alt<span class=\"_ _1\"></span>ernative v<span class=\"_ _1\"></span>aluations.<span class=\"_ _3b2\"> </span>Lifetime<span class=\"_ _1\"></span> mortgages<span class=\"_ _3b2\"> </span>Key assu<span class=\"_ _0\"></span>mptio<span class=\"_ _0\"></span>ns us<span class=\"_ _0\"></span>ed in t<span class=\"_ _0\"></span>he valu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of lifetim<span class=\"_ _0\"></span>e mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tgag<span class=\"_ _0\"></span>e asse<span class=\"_ _0\"></span>ts are lis<span class=\"_ _0\"></span>ted in N<span class=\"_ _0\"></span>ote 1<span class=\"_ _1\"></span>2(ii)(<span class=\"_ _0\"></span>b) and sens<span class=\"_ _0\"></span>itiv<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>es are ap<span class=\"_ _0\"></span>pli<span class=\"_ _0\"></span>ed to de<span class=\"_ _0\"></span>rive th<span class=\"_ _0\"></span>e valu<span class=\"_ _0\"></span>es in<span class=\"_ _0\"></span> the ab<span class=\"_ _0\"></span>ove table<span class=\"_ _0\"></span>. The m<span class=\"_ _0\"></span>ost sig<span class=\"_ _0\"></span>nif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant sen<span class=\"_ _0\"></span>siti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ty by valu<span class=\"_ _0\"></span>e is -20<span class=\"_ _0\"></span>bps of market sp<span class=\"_ _0\"></span>read an<span class=\"_ _0\"></span>d over<span class=\"_ _0\"></span>valu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of prope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y valu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns by 1<span class=\"_ _1\"></span>0% acro<span class=\"_ _0\"></span>ss the<span class=\"_ _0\"></span> por<span class=\"_ _3\"></span>tfol<span class=\"_ _0\"></span>io whic<span class=\"_ _0\"></span>h, ap<span class=\"_ _0\"></span>plie<span class=\"_ _0\"></span>d in isolat<span class=\"_ _0\"></span>ion pro<span class=\"_ _0\"></span>du<span class=\"_ _0\"></span>ces se<span class=\"_ _0\"></span>nsi<span class=\"_ _0\"></span>tise<span class=\"_ _0\"></span>d values of \u00a3143<span class=\"_ _0\"></span>m and \u00a3(1<span class=\"_ _1\"></span>52)m<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Private<span class=\"_ _1\"></span> credit por<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>folios<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e sen<span class=\"_ _0\"></span>siti<span class=\"_ _0\"></span>vit<span class=\"_ _0\"></span>y i<span class=\"_ _0\"></span>n the p<span class=\"_ _0\"></span>rivate c<span class=\"_ _0\"></span>redi<span class=\"_ _0\"></span>t po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>folio h<span class=\"_ _0\"></span>as be<span class=\"_ _0\"></span>en d<span class=\"_ _0\"></span>eter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ed th<span class=\"_ _0\"></span>roug<span class=\"_ _0\"></span>h a met<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>d whic<span class=\"_ _0\"></span>h esti<span class=\"_ _0\"></span>mates inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent sp<span class=\"_ _0\"></span>read va<span class=\"_ _0\"></span>lue p<span class=\"_ _0\"></span>remi<span class=\"_ _0\"></span>um dif<span class=\"_ _0\"></span>fer<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span> as com<span class=\"_ _0\"></span>pare<span class=\"_ _0\"></span>d to the insti<span class=\"_ _0\"></span>tuti<span class=\"_ _0\"></span>onal inve<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent mar<span class=\"_ _0\"></span>ket<span class=\"_ _0\"></span>. Indiv<span class=\"_ _0\"></span>idu<span class=\"_ _0\"></span>al investm<span class=\"_ _0\"></span>ent c<span class=\"_ _0\"></span>hara<span class=\"_ _0\"></span>cter<span class=\"_ _0\"></span>isti<span class=\"_ _0\"></span>cs of each ho<span class=\"_ _0\"></span>ldi<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>, such as cre<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t rating an<span class=\"_ _0\"></span>d durati<span class=\"_ _0\"></span>on are use<span class=\"_ _0\"></span>d to determin<span class=\"_ _0\"></span>e spre<span class=\"_ _0\"></span>ad dif<span class=\"_ _0\"></span>feren<span class=\"_ _0\"></span>tials for the pu<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>s of determi<span class=\"_ _0\"></span>ning al<span class=\"_ _0\"></span>tern<span class=\"_ _0\"></span>ate values<span class=\"_ _0\"></span>. Spre<span class=\"_ _0\"></span>ad dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>ntials are de<span class=\"_ _0\"></span>term<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d to be lower for highl<span class=\"_ _0\"></span>y rated and<span class=\"_ _0\"></span>/or shor<span class=\"_ _3\"></span>ter duratio<span class=\"_ _0\"></span>n asse<span class=\"_ _0\"></span>ts as com<span class=\"_ _0\"></span>pare<span class=\"_ _0\"></span>d to lower rated and/or lon<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>r durati<span class=\"_ _0\"></span>on asse<span class=\"_ _0\"></span>ts. A sign<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ica<span class=\"_ _0\"></span>nt co<span class=\"_ _0\"></span>mpo<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>nt of the sprea<span class=\"_ _0\"></span>d dif<span class=\"_ _0\"></span>feren<span class=\"_ _0\"></span>tial is in relatio<span class=\"_ _0\"></span>n to the sele<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on of com<span class=\"_ _0\"></span>para<span class=\"_ _0\"></span>tor bon<span class=\"_ _0\"></span>ds, wh<span class=\"_ _0\"></span>ich is the p<span class=\"_ _0\"></span>otential dif<span class=\"_ _0\"></span>fer<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>e in spre<span class=\"_ _0\"></span>ad of the basket of relevan<span class=\"_ _0\"></span>t com<span class=\"_ _0\"></span>par<span class=\"_ _0\"></span>ators dete<span class=\"_ _0\"></span>rmi<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>d by resp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tive inves<span class=\"_ _0\"></span>tors<span class=\"_ _0\"></span>. If we were t<span class=\"_ _1\"></span>o take an A<span class=\"_ _0\"></span>A rated ass<span class=\"_ _0\"></span>et it may at<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>ct a sprea<span class=\"_ _0\"></span>d dif<span class=\"_ _0\"></span>feren<span class=\"_ _0\"></span>tial of 20b<span class=\"_ _0\"></span>ps on the se<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>ctio<span class=\"_ _0\"></span>n of com<span class=\"_ _0\"></span>parator b<span class=\"_ _0\"></span>ond<span class=\"_ _0\"></span>s as opp<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>d to 40<span class=\"_ _0\"></span>bp<span class=\"_ _0\"></span>s for a similar dur<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n BBB rate<span class=\"_ _0\"></span>d asset<span class=\"_ _0\"></span>. Ap<span class=\"_ _0\"></span>plie<span class=\"_ _0\"></span>d in isola<span class=\"_ _0\"></span>tion th<span class=\"_ _0\"></span>e sensi<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y use<span class=\"_ _0\"></span>d to refle<span class=\"_ _0\"></span>ct the sp<span class=\"_ _0\"></span>read in co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>arator bo<span class=\"_ _0\"></span>nd sel<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tion res<span class=\"_ _0\"></span>ults in se<span class=\"_ _0\"></span>nsi<span class=\"_ _0\"></span>tise<span class=\"_ _0\"></span>d values of \u00a3<span class=\"_ _0\"></span>23<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>m and \u00a3(23<span class=\"_ _0\"></span>8)m<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Inv<span class=\"_ _1\"></span>estment property<span class=\"_ _3b2\"> </span>Invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>y hol<span class=\"_ _0\"></span>ding<span class=\"_ _0\"></span>s are valu<span class=\"_ _0\"></span>ed by in<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>nt valu<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s on th<span class=\"_ _0\"></span>e basis of o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>n mar<span class=\"_ _0\"></span>ket valu<span class=\"_ _0\"></span>e as def<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>ed in t<span class=\"_ _0\"></span>he ap<span class=\"_ _0\"></span>prais<span class=\"_ _0\"></span>al and v<span class=\"_ _0\"></span>aluati<span class=\"_ _0\"></span>on manu<span class=\"_ _0\"></span>al of the Royal Insti<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>te of <span class=\"_ _1\"></span>Char<span class=\"_ _3\"></span>tered S<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>vey<span class=\"_ _0\"></span>ors (R<span class=\"_ _0\"></span>IC<span class=\"_ _0\"></span>S). As suc<span class=\"_ _0\"></span>h, se<span class=\"_ _0\"></span>nsi<span class=\"_ _0\"></span>tivi<span class=\"_ _0\"></span>ties are c<span class=\"_ _0\"></span>alc<span class=\"_ _0\"></span>ulated thro<span class=\"_ _0\"></span>ug<span class=\"_ _0\"></span>h a mix<span class=\"_ _0\"></span>ture of asset le<span class=\"_ _0\"></span>vel and po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>foli<span class=\"_ _0\"></span>o level m<span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>olo<span class=\"_ _0\"></span>gie<span class=\"_ _0\"></span>s whic<span class=\"_ _0\"></span>h make refere<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e to indiv<span class=\"_ _0\"></span>idu<span class=\"_ _0\"></span>al inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt ch<span class=\"_ _0\"></span>arac<span class=\"_ _0\"></span>teris<span class=\"_ _0\"></span>tic<span class=\"_ _0\"></span>s of the h<span class=\"_ _0\"></span>old<span class=\"_ _0\"></span>ing b<span class=\"_ _0\"></span>ut do n<span class=\"_ _0\"></span>ot f<span class=\"_ _0\"></span>lex in<span class=\"_ _0\"></span>div<span class=\"_ _0\"></span>idua<span class=\"_ _0\"></span>l assu<span class=\"_ _0\"></span>mptio<span class=\"_ _0\"></span>ns us<span class=\"_ _0\"></span>ed by the ind<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>den<span class=\"_ _0\"></span>t expe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t in valui<span class=\"_ _0\"></span>ng the ho<span class=\"_ _0\"></span>ldi<span class=\"_ _0\"></span>ngs<span class=\"_ _0\"></span>. Eac<span class=\"_ _0\"></span>h meth<span class=\"_ _0\"></span>od is app<span class=\"_ _0\"></span>lie<span class=\"_ _0\"></span>d indiv<span class=\"_ _0\"></span>idu<span class=\"_ _0\"></span>ally an<span class=\"_ _0\"></span>d aggre<span class=\"_ _0\"></span>gated wit<span class=\"_ _0\"></span>h equa<span class=\"_ _0\"></span>l weighti<span class=\"_ _0\"></span>ng to determ<span class=\"_ _0\"></span>ine the ove<span class=\"_ _0\"></span>rall sens<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>vit<span class=\"_ _0\"></span>y de<span class=\"_ _0\"></span>term<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d for the por<span class=\"_ _3\"></span>tfol<span class=\"_ _0\"></span>io. On<span class=\"_ _0\"></span>e meth<span class=\"_ _0\"></span>od is simi<span class=\"_ _0\"></span>lar to that used in th<span class=\"_ _0\"></span>e private cre<span class=\"_ _0\"></span>dit p<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>tfoli<span class=\"_ _0\"></span>o as it deter<span class=\"_ _0\"></span>mine<span class=\"_ _0\"></span>s the imp<span class=\"_ _0\"></span>act of an alter<span class=\"_ _0\"></span>nate prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ty y<span class=\"_ _0\"></span>ield d<span class=\"_ _0\"></span>eter<span class=\"_ _0\"></span>mine<span class=\"_ _0\"></span>d in referen<span class=\"_ _0\"></span>ce to credi<span class=\"_ _0\"></span>t ratin<span class=\"_ _0\"></span>gs<span class=\"_ _0\"></span>, remain<span class=\"_ _0\"></span>ing ter<span class=\"_ _0\"></span>m and othe<span class=\"_ _0\"></span>r char<span class=\"_ _0\"></span>acter<span class=\"_ _0\"></span>isti<span class=\"_ _0\"></span>cs of eac<span class=\"_ _0\"></span>h holdi<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>. In this meth<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>olo<span class=\"_ _0\"></span>gy we would<span class=\"_ _0\"></span> appl<span class=\"_ _0\"></span>y a lowe<span class=\"_ _0\"></span>r yie<span class=\"_ _0\"></span>ld se<span class=\"_ _0\"></span>nsit<span class=\"_ _0\"></span>ivi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y to a highl<span class=\"_ _0\"></span>y rated an<span class=\"_ _0\"></span>d/or sho<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ter re<span class=\"_ _0\"></span>mai<span class=\"_ _0\"></span>ning ter<span class=\"_ _0\"></span>m ass<span class=\"_ _0\"></span>et c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>ared w<span class=\"_ _0\"></span>ith a l<span class=\"_ _0\"></span>ower rated a<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>/<span class=\"_ _1\"></span>or l<span class=\"_ _0\"></span>ong<span class=\"_ _0\"></span>er re<span class=\"_ _0\"></span>main<span class=\"_ _0\"></span>ing ter<span class=\"_ _0\"></span>m asse<span class=\"_ _0\"></span>t. If we were to take <span class=\"_ _1\"></span>an A<span class=\"_ _3\"></span>A rated asset wi<span class=\"_ _0\"></span>th remai<span class=\"_ _0\"></span>ning ter<span class=\"_ _0\"></span>m of 25 years in nor<span class=\"_ _0\"></span>mal mar<span class=\"_ _0\"></span>ket con<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s this would le<span class=\"_ _0\"></span>ad to a <span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>5bps yi<span class=\"_ _0\"></span>eld f<span class=\"_ _0\"></span>lex (as opp<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>d to <span class=\"_ _1\"></span>a 35bps yi<span class=\"_ _0\"></span>eld fl<span class=\"_ _0\"></span>ex for a <span class=\"_ _1\"></span>BBB rated asse<span class=\"_ _0\"></span>t with a 30 year remainin<span class=\"_ _0\"></span>g term). <span class=\"_ _1\"></span>The me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>dol<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>y which lea<span class=\"_ _0\"></span>ds to <span class=\"_ _1\"></span>the most sig<span class=\"_ _0\"></span>nif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant sensi<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> at<span class=\"_ gsec\"> </span>the bal<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e she<span class=\"_ _0\"></span>et date is related to an exampl<span class=\"_ _0\"></span>e in case law whe<span class=\"_ _0\"></span>re it was found that an ac<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ptab<span class=\"_ _0\"></span>le margi<span class=\"_ _0\"></span>n of error in a valu<span class=\"_ _0\"></span>ation dis<span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>te is 1<span class=\"_ _1\"></span>0% eit<span class=\"_ _0\"></span>her way, subjec<span class=\"_ _0\"></span>t to the valuatio<span class=\"_ _0\"></span>n bei<span class=\"_ _0\"></span>ng und<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>taken with du<span class=\"_ _0\"></span>e care<span class=\"_ _0\"></span>. If this sensi<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y were to be taken with<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>t a weightin<span class=\"_ _0\"></span>g it would pr<span class=\"_ _0\"></span>odu<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span> sens<span class=\"_ _0\"></span>itis<span class=\"_ _0\"></span>ed valu<span class=\"_ _0\"></span>es of \u00a356<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>m and \u00a3<span class=\"_ _0\"></span>(56<span class=\"_ _0\"></span>4)m<span class=\"_ _0\"></span>. It sho<span class=\"_ _0\"></span>uld be n<span class=\"_ _0\"></span>oted that som<span class=\"_ _0\"></span>e sens<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>viti<span class=\"_ _0\"></span>es des<span class=\"_ _0\"></span>cr<span class=\"_ _0\"></span>ibe<span class=\"_ _0\"></span>d above are no<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>lin<span class=\"_ _0\"></span>ear, and larger o<span class=\"_ _0\"></span>r small<span class=\"_ _0\"></span>er imp<span class=\"_ _0\"></span>acts sh<span class=\"_ _0\"></span>oul<span class=\"_ _0\"></span>d not be inter<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>lated or ex<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>apo<span class=\"_ _0\"></span>lated<span class=\"_ _0\"></span> from th<span class=\"_ _0\"></span>ese resu<span class=\"_ _0\"></span>lts<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsAtFairValueThroughProfitOrLossExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-720": {
   "value": "(ii) <span class=\"_ _d\"> </span>Fai<span class=\"_ _0\"></span>r va<span class=\"_ _0\"></span>lue h<span class=\"_ _0\"></span>iera<span class=\"_ _0\"></span>rchy<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e table b<span class=\"_ _0\"></span>elow bre<span class=\"_ _0\"></span>aks down th<span class=\"_ _0\"></span>e fair value of fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>ial inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nts and inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y by fair value hi<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>rchy leve<span class=\"_ _0\"></span>l.<span class=\"_ _3b2\"> </span><table class=\"s w204 h156\" id=\"_f5e2be91-b688-4de2-8999-e59e8b642f19\"><tr><td></td><td class=\"t m2 x430 h13 y4343 ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x75b h13 y4343 ff6 fs9 fc1 sc0 ls18 ws32\">Lev<span class=\"_ _0\"></span>el 1<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x4e8 h13 y4343 ff6 fs9 fc1 sc0 ls18 ws32\">Lev<span class=\"_ _0\"></span>el 2<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x75c h13 y4343 ff6 fs9 fc1 sc0 ls18 ws32\">Lev<span class=\"_ _0\"></span>el 3<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 h13 y4344 ff5 fs9 fc1 sc0 ls18 ws0\">As a<span class=\"_ _0\"></span>t 31 De<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>4<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x432 h13 y4344 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x433 h13 y4344 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 h13 y4344 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 h13 y4344 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 hb y4345 ff5 fs6 fc1 sc0 ls12e ws142\">Shareholder<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4346 w1fb h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">Equity securities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5a6 y4346 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">2,948<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x75d y4346 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">960<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x75e y4346 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">170<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x75f y4346 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">1,818<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4347 w1fc h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">Debt securities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x760 y4347 w2f h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">78,207<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x761 y4347 w2f h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">31,714<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x261 y4347 w93 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">25,424<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x762 y4347 w2f h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">21,069<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4348 w1fd h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls112 ws1e\">Der<span class=\"_ _0\"></span>ivative assets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x763 y4348 w2f h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">49,195<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x764 y4348 w59 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x765 y4348 w2f h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">49,188<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x766 y4348 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y42ee w1fe h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Loans at f<span class=\"_ _1\"></span>air value<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x767 y42ee w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">2,630<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x768 y42ee wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x769 y42ee w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">2,630<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x76a y42ee wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4349 w7f h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws23\">Inv<span class=\"_ _1\"></span>estment<span class=\"_ _1\"></span> property<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x76b y4349 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">5,955<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x76c y4349 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x76d y4349 wa6 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x76e y4349 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">5,955<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y42f1 w205 h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls1 ws23\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> Shareholder<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x76f y42f1 w89 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">138,935<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x770 y42f1 w93 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">32,681<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x771 y42f1 w2f h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">77,412<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x772 y42f1 w2f h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">28,842<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 hb y434a ff5 fs6 fc1 sc0 ls181 ws13f\">Un<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t li<span class=\"_ _0\"></span>nke<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y42f3 w1fb h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">Equity securities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x773 y42f3 w89 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">198,342<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x774 y42f3 w81 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">197,532<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x775 y42f3 w59 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x776 y42f3 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">809<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41e4 w1fc h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">Debt securities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x777 y41e4 w81 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">148,411<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x778 y41e4 w2f h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">97,799<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x779 y41e4 w2f h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">49,269<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x77a y41e4 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">1,343<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y433f w1fd h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls112 ws1e\">Der<span class=\"_ _0\"></span>ivative assets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5a6 y433f w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">1,997<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x77b y433f w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">84<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x77c y433f w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">1,913<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x77d y433f wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41e7 w1fe h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Loans at f<span class=\"_ _1\"></span>air value<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x767 y41e7 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">4,772<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x768 y41e7 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x769 y41e7 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">4,772<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x76a y41e7 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y434b w7f h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws23\">Inv<span class=\"_ _1\"></span>estment<span class=\"_ _1\"></span> property<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x76b y434b w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">3,867<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x76c y434b wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x76d y434b wa6 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x76e y434b w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">3,867<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y419a wf9 h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls1 ws23\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> Unit link<span class=\"_ _1\"></span>ed<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x77e y419a w89 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">357,389<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x77f y419a w89 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">295,415<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x780 y419a w2f h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">55,955<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x781 y419a w36 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">6,019<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y434c w206 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l fi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>l inve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s and in<span class=\"_ _0\"></span>ves<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y at fa<span class=\"_ _0\"></span>ir val<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x782 y434c w89 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">496,324<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x783 y434c w89 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">328,096<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x784 y434c w89 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">133,367<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x785 y434c w93 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">34,861<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y41a9 w207 h126\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">Debt securities at amortised cost</div><div class=\"t m2 x786 h5a y4138 ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x593 y4158 w36 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">7,847<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x787 y4158 wa5 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x788 y4158 w7b h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">43<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x789 y4158 w36 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">7,804<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y434d w208 h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Loa<span class=\"_ _0\"></span>ns at a<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>ed c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t</div><div class=\"t m2 x416 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x78a y40ae w7b h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">84<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x78b y40ae w59 h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x78c y40ae wa5 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x78d y40ae w7b h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">83<span class=\"_ _3b2\"> </span></div></td></tr></table><table class=\"s w209 h157\" id=\"_0592dc85-3f81-4fdb-baf5-9bd34e9d0ff6\"><tr><td></td><td class=\"t m2 x6fe hf y434e ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x75b hf y434e ff3 fs9 fc1 sc0 ls18 ws0\">Lev<span class=\"_ _0\"></span>el 1<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x503 hf y434e ff3 fs9 fc1 sc0 ls18 ws0\">Lev<span class=\"_ _0\"></span>el 2<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x281 hf y434e ff3 fs9 fc1 sc0 ls18 ws0\">Lev<span class=\"_ _0\"></span>el 3<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 hf y434f ff3 fs9 fc1 sc0 ls18 ws0\">As a<span class=\"_ _0\"></span>t 31 De<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>3<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x432 hf y434f ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x433 hf y434f ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 hf y434f ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y434f ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 h1a y4350 ff3 fs6 fc1 sc0 ls11b ws13f\">Shareholder<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4351 w1fb h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10a ws5a\">Equity securities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x78e y4351 w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,166<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x78f y4351 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,069<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x790 y4351 w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">144<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x791 y4351 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,953<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4352 w1fc h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10a ws5a\">Debt securities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x792 y4352 w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">73,298<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x793 y4352 w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">26,003<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x794 y4352 w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">27,860<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x795 y4352 wd3 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">19,435<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4353 w1fd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls112 ws1e\">Der<span class=\"_ _0\"></span>ivative assets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x792 y4353 w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">38,019<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x796 y4353 w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">123<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x797 y4353 w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">37,896<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x798 y4353 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4354 w1fe h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">Loans at f<span class=\"_ _1\"></span>air value<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x799 y4354 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,599<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x79a y4354 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x79b y4354 w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,599<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x79c y4354 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4355 w7f h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Inv<span class=\"_ _1\"></span>estment<span class=\"_ _1\"></span> property<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x79d y4355 w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5,503<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x79e y4355 wbf h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x617 y4355 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x724 y4355 w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5,503<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40bb w20a h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws2a\">T<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>tal Shar<span class=\"_ _1\"></span>eholder<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x79f y40bb w82 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">121,585<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7a0 y40bb w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">27,195<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7a1 y40bb w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">67,499<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7a2 y40bb wd3 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">26,891<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 h1a y4356 ff3 fs6 fc1 sc0 ls11c ws25\">Unit l<span class=\"_ _1\"></span>ink<span class=\"_ _1\"></span>ed<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4357 w1fb h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10a ws5a\">Equity securities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7a3 y4357 w82 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">182,816<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7a4 y4357 w82 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">182,348<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7a5 y4357 w39 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">29<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x235 y4357 w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">439<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4358 w1fc h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10a ws5a\">Debt securities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7a6 y4358 w82 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">152,650<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7a7 y4358 w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">91,874<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7a8 y4358 wd3 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">59,748<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7a9 y4358 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,028<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4359 w1fd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls112 ws1e\">Der<span class=\"_ _0\"></span>ivative assets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7aa y4359 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,121<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7ab y4359 w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">148<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7ac y4359 w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,973<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7ad y4359 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y435a w1fe h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">Loans at f<span class=\"_ _1\"></span>air value<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x799 y435a w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">8,691<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x79a y435a wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x79b y435a w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">8,691<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x79c y435a wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4199 w7f h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Inv<span class=\"_ _1\"></span>estment<span class=\"_ _1\"></span> property<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x79d y4199 w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,390<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x79e y4199 wbf h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x617 y4199 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x724 y4199 w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,390<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y435b w20b h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">T<span class=\"_ _1\"></span>otal Un<span class=\"_ _0\"></span>it li<span class=\"_ _0\"></span>nke<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7ae y435b w82 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">350,668<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7af y435b w82 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">274,370<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7b0 y435b wd3 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">71,441<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7b1 y435b w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">4,857<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y435c w20c h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">T<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>tal financial investments and in<span class=\"_ _1\"></span>vestment proper<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y at fa<span class=\"_ _1\"></span>ir value<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7b2 y435c w82 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">472,253<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7b3 y435c w82 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">301,565<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7b4 y435c w82 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">138,940<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7b5 y435c w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">31,748<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y40ac w207 h126\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">Debt securities at amortised cost</div><div class=\"t m2 x786 h5a y4138 ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7b6 y435d w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">7,184<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7b7 y435d wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7b8 y435d w39 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">45<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7b9 y435d w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">7,139<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y40ae w208 h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Loa<span class=\"_ _0\"></span>ns at a<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>ed c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t</div><div class=\"t m2 x416 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x78a y40ae w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">13<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7ba y40ae w75 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7bb y40ae w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">12<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7bc y40ae wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr></table>1. <span class=\"_ _15\"> </span>Th<span class=\"_ _0\"></span>is t<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>s de<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>t se<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d l<span class=\"_ _0\"></span>oa<span class=\"_ _0\"></span>ns w<span class=\"_ _0\"></span>hi<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>h ar<span class=\"_ _0\"></span>e he<span class=\"_ _0\"></span>ld a<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t o<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e C<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>da<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d B<span class=\"_ _0\"></span>ala<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ce S<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>et a<span class=\"_ _0\"></span>t a to<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>l val<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>e of \u00a3<span class=\"_ _0\"></span>9,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>49<span class=\"_ _0\"></span>m (20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3: \u00a3<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>45<span class=\"_ _0\"></span>m).<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e levels of fair value m<span class=\"_ _0\"></span>easu<span class=\"_ _0\"></span>rem<span class=\"_ _0\"></span>ent bas<span class=\"_ _0\"></span>es are def<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d as follows: Level 1<span class=\"_ _1\"></span>: fair value<span class=\"_ _0\"></span>s measu<span class=\"_ _0\"></span>red usi<span class=\"_ _0\"></span>ng quoted p<span class=\"_ _0\"></span>ric<span class=\"_ _0\"></span>es (unadjus<span class=\"_ _0\"></span>ted) in ac<span class=\"_ _0\"></span>tive mar<span class=\"_ _0\"></span>kets for ide<span class=\"_ _0\"></span>ntic<span class=\"_ _0\"></span>al asse<span class=\"_ _0\"></span>ts or liabil<span class=\"_ _0\"></span>itie<span class=\"_ _0\"></span>s. Level 2<span class=\"_ _0\"></span>: fair valu<span class=\"_ _0\"></span>es meas<span class=\"_ _0\"></span>ured us<span class=\"_ _0\"></span>ing valu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n techn<span class=\"_ _0\"></span>ique<span class=\"_ _0\"></span>s for all inpu<span class=\"_ _0\"></span>ts signi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>can<span class=\"_ _0\"></span>t to the measure<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt othe<span class=\"_ _0\"></span>r than qu<span class=\"_ _0\"></span>oted pric<span class=\"_ _0\"></span>es in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>ded wi<span class=\"_ _0\"></span>thin<span class=\"_ _0\"></span> Level 1 that are ob<span class=\"_ _0\"></span>ser<span class=\"_ _3\"></span>vable for the as<span class=\"_ _0\"></span>set or lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ty, eith<span class=\"_ _0\"></span>er dire<span class=\"_ _0\"></span>ctl<span class=\"_ _0\"></span>y (i.e. as pr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>es) or indirec<span class=\"_ _0\"></span>tly (i<span class=\"_ _0\"></span>.e. de<span class=\"_ _0\"></span>rive<span class=\"_ _0\"></span>d from pr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>es). Level 3: fair val<span class=\"_ _0\"></span>ues me<span class=\"_ _0\"></span>asure<span class=\"_ _0\"></span>d usin<span class=\"_ _0\"></span>g valuati<span class=\"_ _0\"></span>on tec<span class=\"_ _0\"></span>hniq<span class=\"_ _0\"></span>ues for any inp<span class=\"_ _0\"></span>ut for the ass<span class=\"_ _0\"></span>et or liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y sig<span class=\"_ _0\"></span>nif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant to the meas<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t that is not base<span class=\"_ _0\"></span>d on<span class=\"_ gsec\"> </span>ob<span class=\"_ _0\"></span>ser<span class=\"_ _3\"></span>vable ma<span class=\"_ _0\"></span>rket data (unob<span class=\"_ _0\"></span>ser<span class=\"_ _3\"></span>vable in<span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>ts).<span class=\"_ _3b2\"> </span>All of the Gro<span class=\"_ _0\"></span>up\u2019s Level 2 assets have be<span class=\"_ _0\"></span>en val<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span>d using st<span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>ard mar<span class=\"_ _0\"></span>ket pric<span class=\"_ _0\"></span>ing so<span class=\"_ _0\"></span>urc<span class=\"_ _0\"></span>es, su<span class=\"_ _0\"></span>ch as IH<span class=\"_ _0\"></span>S Mar<span class=\"_ _0\"></span>ki<span class=\"_ _0\"></span>t, IC<span class=\"_ _0\"></span>E and Blo<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>rg, o<span class=\"_ _0\"></span>r Index<span class=\"_ _0\"></span> Provid<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s suc<span class=\"_ _0\"></span>h as Barcl<span class=\"_ _0\"></span>ays, Me<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>ill Lynch or JP<span class=\"_ _0\"></span>Mo<span class=\"_ _0\"></span>rga<span class=\"_ _0\"></span>n. Ea<span class=\"_ _0\"></span>ch use<span class=\"_ _0\"></span>s mathe<span class=\"_ _0\"></span>mati<span class=\"_ _0\"></span>cal mo<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>lling an<span class=\"_ _0\"></span>d mult<span class=\"_ _0\"></span>iple so<span class=\"_ _0\"></span>urc<span class=\"_ _0\"></span>e validati<span class=\"_ _0\"></span>on in ord<span class=\"_ _0\"></span>er to deter<span class=\"_ _0\"></span>mine<span class=\"_ _0\"></span> con<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>sus pr<span class=\"_ _0\"></span>ice<span class=\"_ _0\"></span>s, wi<span class=\"_ _0\"></span>th the exce<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>n of OT<span class=\"_ _1\"></span>C Der<span class=\"_ _0\"></span>ivati<span class=\"_ _0\"></span>ve hold<span class=\"_ _0\"></span>ings<span class=\"_ _0\"></span>; OTCs are marked to market usi<span class=\"_ _0\"></span>ng an in<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>ous<span class=\"_ _0\"></span>e system (Lo<span class=\"_ _0\"></span>mba<span class=\"_ _0\"></span>rd Ob<span class=\"_ _0\"></span>ero<span class=\"_ _0\"></span>n), ex<span class=\"_ _0\"></span>tern<span class=\"_ _0\"></span>al vend<span class=\"_ _0\"></span>or (IH<span class=\"_ _0\"></span>S Mar<span class=\"_ _0\"></span>ki<span class=\"_ _0\"></span>t), interna<span class=\"_ _0\"></span>l mod<span class=\"_ _0\"></span>el or Co<span class=\"_ _0\"></span>unter<span class=\"_ _0\"></span>par<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>y Broker ma<span class=\"_ _0\"></span>rks<span class=\"_ _0\"></span>. In nor<span class=\"_ _0\"></span>mal mar<span class=\"_ _0\"></span>ket co<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s, we would c<span class=\"_ _0\"></span>onsi<span class=\"_ _0\"></span>der th<span class=\"_ _0\"></span>ese ma<span class=\"_ _0\"></span>rket pri<span class=\"_ _0\"></span>ces<span class=\"_ gsec\"> </span>to<span class=\"_ gsec\"> </span>b<span class=\"_ _0\"></span>e obse<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vab<span class=\"_ _0\"></span>le mar<span class=\"_ _0\"></span>ket pric<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>. Follow<span class=\"_ _0\"></span>ing co<span class=\"_ _0\"></span>nsul<span class=\"_ _0\"></span>tati<span class=\"_ _0\"></span>on with o<span class=\"_ _0\"></span>ur pri<span class=\"_ _0\"></span>cin<span class=\"_ _0\"></span>g provid<span class=\"_ _0\"></span>ers an<span class=\"_ _0\"></span>d a numb<span class=\"_ _0\"></span>er of their c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>utin<span class=\"_ _0\"></span>g broker<span class=\"_ _0\"></span>s, we have con<span class=\"_ _0\"></span>side<span class=\"_ _0\"></span>red th<span class=\"_ _0\"></span>at thes<span class=\"_ _0\"></span>e pric<span class=\"_ _0\"></span>es are not fro<span class=\"_ _0\"></span>m a suitab<span class=\"_ _0\"></span>ly ac<span class=\"_ _0\"></span>tive mar<span class=\"_ _0\"></span>ket and have the<span class=\"_ _0\"></span>refore clas<span class=\"_ _0\"></span>sif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d them as Leve<span class=\"_ _0\"></span>l 2. Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p\u2019s poli<span class=\"_ _0\"></span>cy is to re<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>sess c<span class=\"_ _0\"></span>ateg<span class=\"_ _0\"></span>oris<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial as<span class=\"_ _0\"></span>sets at t<span class=\"_ _0\"></span>he en<span class=\"_ _0\"></span>d of eac<span class=\"_ _0\"></span>h rep<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>ting pe<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>od an<span class=\"_ _0\"></span>d to reco<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>se tra<span class=\"_ _0\"></span>nsfers b<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en level<span class=\"_ _0\"></span>s<span class=\"_ gsec\"> </span>at that poin<span class=\"_ _0\"></span>t in time. At 31 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>24 debt se<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>riti<span class=\"_ _0\"></span>es totallin<span class=\"_ _0\"></span>g net \u00a30<span class=\"_ _0\"></span>.6b<span class=\"_ _0\"></span>n (2023<span class=\"_ _0\"></span>: \u00a30.7bn) transfer<span class=\"_ _0\"></span>red fr<span class=\"_ _0\"></span>om Level 2 to Level 1 in the fair<span class=\"_ gsec\"> </span>valu<span class=\"_ _0\"></span>e hier<span class=\"_ _0\"></span>arc<span class=\"_ _0\"></span>hy<span class=\"_ _1\"></span>. (b) Level <span class=\"_ _278\"></span><span class=\"ls1 ws0\">3<span class=\"ls18\"> asse<span class=\"_ _0\"></span>ts m<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>red at f<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>r va<span class=\"_ _0\"></span>lue<span class=\"_ _3b2\"> </span></span></span>Level 3 asse<span class=\"_ _0\"></span>ts, wh<span class=\"_ _0\"></span>ere mo<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>lling tec<span class=\"_ _0\"></span>hni<span class=\"_ _0\"></span>ques are us<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>, com<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>ise prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>y, <span class=\"_ _1\"></span>unqu<span class=\"_ _0\"></span>oted se<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>es, un<span class=\"_ _0\"></span>trad<span class=\"_ _0\"></span>ed de<span class=\"_ _0\"></span>bt sec<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>itie<span class=\"_ _0\"></span>s and se<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>es whe<span class=\"_ _0\"></span>re unqu<span class=\"_ _0\"></span>oted pr<span class=\"_ _0\"></span>ice<span class=\"_ _0\"></span>s are provid<span class=\"_ _0\"></span>ed by a single b<span class=\"_ _0\"></span>roker. <span class=\"_ _1\"></span>Un<span class=\"_ _0\"></span>quoted se<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ties in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>de susp<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d sec<span class=\"_ _0\"></span>uri<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>, inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nts in pri<span class=\"_ _0\"></span>vate equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y and prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>y vehic<span class=\"_ _0\"></span>les<span class=\"_ _0\"></span>. Untr<span class=\"_ _0\"></span>ade<span class=\"_ _0\"></span>d deb<span class=\"_ _0\"></span>t secu<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ties in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>de pr<span class=\"_ _0\"></span>ivate plac<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span>, co<span class=\"_ _0\"></span>mme<span class=\"_ _0\"></span>rci<span class=\"_ _0\"></span>al real est<span class=\"_ _0\"></span>ate loans<span class=\"_ _0\"></span>, inc<span class=\"_ _0\"></span>ome s<span class=\"_ _0\"></span>trip<span class=\"_ _0\"></span>s, reti<span class=\"_ _0\"></span>rem<span class=\"_ _0\"></span>ent intere<span class=\"_ _0\"></span>st on<span class=\"_ _0\"></span>ly and oth<span class=\"_ _0\"></span>er lif<span class=\"_ _1\"></span>etime<span class=\"_ _1\"></span> mortgages.<span class=\"_ _3b2\"> </span>In many situ<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns, in<span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>ts used to meas<span class=\"_ _0\"></span>ure the fair val<span class=\"_ _0\"></span>ue of an asset or lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ty m<span class=\"_ _0\"></span>ay fall into differe<span class=\"_ _0\"></span>nt leve<span class=\"_ _0\"></span>ls of the fair value hie<span class=\"_ _0\"></span>rarc<span class=\"_ _0\"></span>hy. In <span class=\"_ _1\"></span>the<span class=\"_ _0\"></span>se situ<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns, th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p deter<span class=\"_ _0\"></span>mine<span class=\"_ _0\"></span>s the leve<span class=\"_ _0\"></span>l in which th<span class=\"_ _0\"></span>e fair value falls bas<span class=\"_ _0\"></span>ed up<span class=\"_ _0\"></span>on the l<span class=\"_ _0\"></span>owest leve<span class=\"_ _0\"></span>l inpu<span class=\"_ _0\"></span>t that is signi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>can<span class=\"_ _0\"></span>t to the determi<span class=\"_ _0\"></span>natio<span class=\"_ _0\"></span>n of<span class=\"_ gsec\"> </span>the fair valu<span class=\"_ _0\"></span>e. As a resul<span class=\"_ _0\"></span>t, b<span class=\"_ _0\"></span>oth obse<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ble an<span class=\"_ _0\"></span>d unob<span class=\"_ _0\"></span>ser<span class=\"_ _3\"></span>vable in<span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>ts may be used in th<span class=\"_ _0\"></span>e deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ation of fair valu<span class=\"_ _0\"></span>es that the Gr<span class=\"_ _0\"></span>oup has<span class=\"_ _0\"></span> clas<span class=\"_ _0\"></span>sif<span class=\"_ _0\"></span>ied<span class=\"_ gsec\"> </span>w<span class=\"_ _0\"></span>ithi<span class=\"_ _0\"></span>n Level 3.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Group d<span class=\"_ _0\"></span>eterm<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>s the fair valu<span class=\"_ _0\"></span>es of cer<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ain f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial as<span class=\"_ _0\"></span>sets an<span class=\"_ _0\"></span>d liabili<span class=\"_ _0\"></span>ties ba<span class=\"_ _0\"></span>sed on qu<span class=\"_ _0\"></span>oted mar<span class=\"_ _0\"></span>ket pri<span class=\"_ _0\"></span>ces<span class=\"_ _0\"></span>, whe<span class=\"_ _0\"></span>re availabl<span class=\"_ _0\"></span>e. Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p also deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>es fair valu<span class=\"_ _0\"></span>e base<span class=\"_ _0\"></span>d on estim<span class=\"_ _0\"></span>ated fu<span class=\"_ _0\"></span>ture cas<span class=\"_ _0\"></span>h flows dis<span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>nted at the ap<span class=\"_ _0\"></span>prop<span class=\"_ _0\"></span>riate cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>t market rate. A<span class=\"_ _0\"></span>s appro<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>iate, fair valu<span class=\"_ _0\"></span>es refl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t adjus<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nts for co<span class=\"_ _0\"></span>unter<span class=\"_ _0\"></span>par<span class=\"_ _3\"></span>ty cr<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>t quali<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, <span class=\"_ _1\"></span>the Gro<span class=\"_ _0\"></span>up\u2019s cred<span class=\"_ _0\"></span>it sta<span class=\"_ _0\"></span>ndin<span class=\"_ _0\"></span>g, liq<span class=\"_ _0\"></span>uidi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y and risk m<span class=\"_ _0\"></span>argin<span class=\"_ _0\"></span>s on uno<span class=\"_ _0\"></span>bser<span class=\"_ _3\"></span>vable in<span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>ts.<span class=\"_ _3b2\"> </span>Fair valu<span class=\"_ _0\"></span>es are subje<span class=\"_ _0\"></span>ct to a cont<span class=\"_ _0\"></span>rol fra<span class=\"_ _0\"></span>mewo<span class=\"_ _0\"></span>rk des<span class=\"_ _0\"></span>igne<span class=\"_ _0\"></span>d to ensure that in<span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>t varia<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span>s and out<span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>ts are asses<span class=\"_ _0\"></span>sed in<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>nt of the risk take<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>. Th<span class=\"_ _0\"></span>ese inp<span class=\"_ _0\"></span>uts an<span class=\"_ _0\"></span>d out<span class=\"_ _0\"></span>put<span class=\"_ _0\"></span>s are reviewe<span class=\"_ _0\"></span>d and app<span class=\"_ _0\"></span>roved by a valuatio<span class=\"_ _0\"></span>n co<span class=\"_ _0\"></span>mmi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tee and vali<span class=\"_ _0\"></span>dated ind<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ly as appr<span class=\"_ _0\"></span>opr<span class=\"_ _0\"></span>iate.<span class=\"_ _3b2\"> </span><table class=\"s w20d h158\" id=\"_8a827fcb-1691-4961-8b78-2eb2ea8ad7ad\"><tr><td></td><td></td><td></td><td class=\"t m0 x680 h13 y435e ff5 fs9 fc1 sc0 ls1 ws0\">Othe<span class=\"_ _0\"></span>r </td><td></td><td></td><td></td><td class=\"t m0 x325 hf y435e ff3 fs9 fc1 sc0 ls1b ws1f\">Other<span class=\"_ _0\"></span> <span class=\"ls1 ws0\"> </span></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"t m0 x7bd h13 y435f ff5 fs9 fc1 sc0 ls1 ws0\">Equit<span class=\"_ _0\"></span>y </td><td class=\"t m0 x7be h13 y435f ff5 fs9 fc1 sc0 ls38 ws3a\">financial </td><td class=\"t m0 x4e9 h13 y435f ff6 fs9 fc1 sc0 ls2c ws34\">Inve<span class=\"_ _1\"></span>stment </td><td></td><td class=\"t m0 x45d hf y435f ff3 fs9 fc1 sc0 ls111 wsc0\">Equit<span class=\"_ _0\"></span>y </td><td class=\"t m0 x7bf hf y435f ff3 fs9 fc1 sc0 ls187 ws19c\">financial </td><td class=\"t m0 x658 hf y435f ff3 fs9 fc1 sc0 ls187 ws19c\">Investment </td><td></td></tr><tr><td></td><td></td><td class=\"t m0 x7c0 h13 y4360 ff5 fs9 fc1 sc0 ls1 ws0\">securities </td><td class=\"t m0 x45b h13 y4360 ff6 fs9 fc1 sc0 ls3d ws131\">investments </td><td class=\"t m0 x5ef h13 y4360 ff5 fs9 fc1 sc0 ls1 ws0\">proper<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y  </td><td class=\"t m0 x430 h13 y4360 ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x286 hf y4360 ff3 fs9 fc1 sc0 ls168 ws183\">securities </td><td class=\"t m0 x499 hf y4360 ff3 fs9 fc1 sc0 ls187 ws19c\">investments </td><td class=\"t m0 x7c1 hf y4360 ff3 fs9 fc1 sc0 ls3b ws45\">property <span class=\"ls1 ws0\"> </span></td><td class=\"t m0 x1c7 hf y4360 ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x7c2 h13 y4361 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x7c3 h13 y4361 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x7c4 h13 y4361 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x430 h13 y4361 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x26f hf y4361 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x26c hf y4361 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x7c5 hf y4361 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c7 hf y4361 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x7c6 h13 y4362 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x321 h13 y4362 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x464 h13 y4362 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x432 h13 y4362 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x465 hf y4362 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x466 hf y4362 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x467 hf y4362 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 hf y4362 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y41d1 w1d8 h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws0\">As a<span class=\"_ _0\"></span>t 1 Ja<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x7c7 y41d1 w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,392<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7c8 y41d1 w2f h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">20,463<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7c9 y41d1 w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">8,893<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7ca y41d1 w2f h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">31,748<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7cb y41d1 w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,307<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7cc y41d1 w3e h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">16,421<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7cd y41d1 w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">9,372<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7ce y41d1 w3e h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">28,100<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 h1a y4363 ff3 fs6 fc1 sc0 ls56 ws0\">T<span class=\"_ _1\"></span>otal ga<span class=\"_ _0\"></span>ins<span class=\"_ _0\"></span>/(lo<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s) for the y<span class=\"_ _0\"></span>ear<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4189 w114 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c x405 y4189 w20e h11a\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">realised gains<span class=\"_ _1\"></span> or (losses)</div><div class=\"t m0 x7cf h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7d0 y4189 w1e1 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7d1 y4189 w41 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(17)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7d2 y4189 wb4 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(2)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7d3 y4189 w41 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(15)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7d4 y4189 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">24<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7d5 y4189 w3b h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(432)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7d6 y4189 w50 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7d7 y4189 w3b h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(405)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y417f w114 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c x405 y417f w20f h11a\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">unrealised gains<span class=\"_ _1\"></span> or (losses)</div><div class=\"t m0 x7d8 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7d9 y417f w3a h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(208)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7da y417f w3a h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(278)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7db y417f w41 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(20)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7dc y417f w3a h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(506)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7dd y417f w5a h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(34)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7de y417f w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">357<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7df y417f w3b h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(923)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7e0 y417f w3b h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(600)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c0 w210 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10a ws118\">Purchases/<span class=\"_ _1\"></span>Additions<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x7e1 y40c0 w4a h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">789<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7e2 y40c0 w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">5,649<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7e3 y40c0 w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,502<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7e4 y40c0 w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">7,940<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7e5 y40c0 w42 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">278<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7e6 y40c0 w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">6,009<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7e7 y40c0 w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,264<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7e8 y40c0 w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">7,551<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c1 w211 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10a ws118\">Disposals/Dereco<span class=\"_ _0\"></span>gnitions<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x7e9 y40c1 w3a h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(364)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7ea y40c1 w33 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(3,369)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7eb y40c1 w3a h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(552)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7ec y40c1 w33 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(4,285)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7ed y40c1 w3b h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(149)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7ee y40c1 w34 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(2,018)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7ef y40c1 w3b h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(854)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7f0 y40c1 w34 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(3,021)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4182 w212 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">T<span class=\"_ _1\"></span>ransfe<span class=\"_ _0\"></span>rs i<span class=\"_ _0\"></span>nto Lev<span class=\"_ _0\"></span>el 3<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x7f1 y4182 wa4 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7f2 y4182 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">70<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7f3 y4182 wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7f4 y4182 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">70<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7f5 y4182 w50 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7f6 y4182 w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">241<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7f7 y4182 wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7f8 y4182 w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">243<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4183 w213 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">T<span class=\"_ _1\"></span>ransfe<span class=\"_ _0\"></span>rs o<span class=\"_ _0\"></span>ut of L<span class=\"_ _0\"></span>eve<span class=\"_ _0\"></span>l 3<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x7f9 y4183 wa4 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7fa y4183 w3a h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(144)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7fb y4183 wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7fc y4183 w3a h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(144)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7fd y4183 wc0 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(3)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7fe y4183 wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7ff y4183 wbf h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x800 y4183 w6a h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(3)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4184 w214 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">For<span class=\"_ _0\"></span>eig<span class=\"_ _0\"></span>n exc<span class=\"_ _0\"></span>han<span class=\"_ _0\"></span>ge r<span class=\"_ _0\"></span>ate move<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x801 y4184 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">14<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x802 y4184 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">38<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x803 y4184 w1e1 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x804 y4184 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">53<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x805 y4184 w71 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(33)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x806 y4184 w3b h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(115)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x807 y4184 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">31<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x808 y4184 w3b h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(117)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w1db h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls12e wsca\">As at<span class=\"_ _1\"></span> 31<span class=\"_ _1\"></span> December<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x809 y40ae w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,627<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x80a y40ae w215 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">22,412<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x80b y40ae w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">9,822<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x80c y40ae w2f h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">34,861<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x80d y40ae w30 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,392<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x80e y40ae w3e h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">20,463<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x80f y40ae w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">8,893<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x810 y40ae w3e h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">31,748<span class=\"_ _3b2\"> </span></div></td></tr></table>1.<span class=\"_ _1d\"> </span>Re<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d a<span class=\"_ _0\"></span>nd u<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>ed g<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>/(l<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>es) ar<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>ed i<span class=\"_ _0\"></span>n In<span class=\"_ _0\"></span>ves<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t re<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>n in t<span class=\"_ _0\"></span>he C<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed I<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e S<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Equity s<span class=\"_ _1\"></span>ecurities<span class=\"_ _3b2\"> </span>Level 3 equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y se<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>es amo<span class=\"_ _0\"></span>unt to \u00a32<span class=\"_ _0\"></span>,62<span class=\"_ _0\"></span>7m (<span class=\"_ _1\"></span>20<span class=\"_ _0\"></span>23<span class=\"_ _0\"></span>: \u00a32<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>92<span class=\"_ _0\"></span>m), of <span class=\"_ _1\"></span>whic<span class=\"_ _0\"></span>h the majo<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y is made up of hold<span class=\"_ _0\"></span>ings in inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y vehi<span class=\"_ _0\"></span>cle<span class=\"_ _0\"></span>s and<span class=\"_ gsec\"> </span>pr<span class=\"_ _0\"></span>ivate inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt fun<span class=\"_ _0\"></span>ds. T<span class=\"_ _0\"></span>hey are valu<span class=\"_ _0\"></span>ed at the pro<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on of the Grou<span class=\"_ _0\"></span>p\u2019s holdin<span class=\"_ _0\"></span>g of the Net As<span class=\"_ _0\"></span>set Value re<span class=\"_ _0\"></span>por<span class=\"_ _3\"></span>ted by the investm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span> vehic<span class=\"_ _0\"></span>les<span class=\"_ _0\"></span>.<span class=\"_ gsec\"> </span>O<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y se<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>es are value<span class=\"_ _0\"></span>d by a numbe<span class=\"_ _0\"></span>r of third<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y spe<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>alists us<span class=\"_ _0\"></span>ing a ran<span class=\"_ _0\"></span>ge of techni<span class=\"_ _0\"></span>que<span class=\"_ _0\"></span>s which are of<span class=\"_ _0\"></span>ten de<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>nt on<span class=\"_ _0\"></span> the<span class=\"_ gsec\"> </span>ma<span class=\"_ _0\"></span>turi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y of<span class=\"_ gsec\"> </span>the und<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>lyi<span class=\"_ _0\"></span>ng invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt but c<span class=\"_ _0\"></span>an also de<span class=\"_ _0\"></span>pen<span class=\"_ _0\"></span>d on the ch<span class=\"_ _0\"></span>ara<span class=\"_ _0\"></span>cteri<span class=\"_ _0\"></span>stic<span class=\"_ _0\"></span>s of indiv<span class=\"_ _0\"></span>idua<span class=\"_ _0\"></span>l assets<span class=\"_ _0\"></span>. Su<span class=\"_ _0\"></span>ch tec<span class=\"_ _0\"></span>hniq<span class=\"_ _0\"></span>ues in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>de tran<span class=\"_ _0\"></span>sac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n value<span class=\"_ _0\"></span>s unde<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>inn<span class=\"_ _0\"></span>ed by anal<span class=\"_ _0\"></span>ysis of miles<span class=\"_ _0\"></span>tone ac<span class=\"_ _0\"></span>hieve<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t and cas<span class=\"_ _0\"></span>h runway for earl<span class=\"_ _0\"></span>y/<span class=\"_ _1\"></span>star<span class=\"_ _3\"></span>t-<span class=\"_ _0\"></span>up stag<span class=\"_ _0\"></span>e invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts, dis<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>unted ca<span class=\"_ _0\"></span>sh fl<span class=\"_ _0\"></span>ow mod<span class=\"_ _0\"></span>els for<span class=\"_ gsec\"> </span>inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nts at the nex<span class=\"_ _0\"></span>t st<span class=\"_ _0\"></span>age of devel<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt and ear<span class=\"_ _0\"></span>nin<span class=\"_ _0\"></span>gs mul<span class=\"_ _0\"></span>tipl<span class=\"_ _0\"></span>es for more matu<span class=\"_ _0\"></span>re invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts.<span class=\"_ _3b2\"> </span>(b) Level <span class=\"_ _278\"></span><span class=\"ls1 ws0\">3<span class=\"ls18\"> asse<span class=\"_ _0\"></span>ts m<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>red at f<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>r va<span class=\"_ _0\"></span>lue <span class=\"ff86 lsd ws7f\">c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>nue<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></span></span></span>Other financial in<span class=\"_ _1\"></span>vestments<span class=\"_ _3b2\"> </span>Lifeti<span class=\"_ _0\"></span>me mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tgag<span class=\"_ _0\"></span>e (L<span class=\"_ _1\"></span>TM) loa<span class=\"_ _0\"></span>ns and reti<span class=\"_ _0\"></span>rem<span class=\"_ _0\"></span>ent intere<span class=\"_ _0\"></span>st on<span class=\"_ _0\"></span>ly mor<span class=\"_ _3\"></span>tgage<span class=\"_ _0\"></span>s amou<span class=\"_ _0\"></span>nt to \u00a35,<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>6<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>m (2023<span class=\"_ _0\"></span>: \u00a35,766<span class=\"_ _0\"></span>m). <span class=\"_ _1\"></span>Lifeti<span class=\"_ _0\"></span>me mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tgag<span class=\"_ _0\"></span>es are valu<span class=\"_ _0\"></span>ed usi<span class=\"_ _0\"></span>ng a disco<span class=\"_ _0\"></span>unted c<span class=\"_ _0\"></span>ash fl<span class=\"_ _0\"></span>ow mod<span class=\"_ _0\"></span>el by proje<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ng be<span class=\"_ _0\"></span>st esti<span class=\"_ _0\"></span>mate net ass<span class=\"_ _0\"></span>et proc<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>eds an<span class=\"_ _0\"></span>d disco<span class=\"_ _0\"></span>unted us<span class=\"_ _0\"></span>ing rates infer<span class=\"_ _0\"></span>red fro<span class=\"_ _0\"></span>m cur<span class=\"_ _0\"></span>rent L<span class=\"_ _1\"></span>TM lo<span class=\"_ _0\"></span>an pri<span class=\"_ _0\"></span>cin<span class=\"_ _0\"></span>g. Th<span class=\"_ _0\"></span>e inf<span class=\"_ _1\"></span>er<span class=\"_ _0\"></span>red illiqui<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>y premi<span class=\"_ _0\"></span>ums for <span class=\"_ _1\"></span>the majo<span class=\"_ _0\"></span>rit<span class=\"_ _0\"></span>y of <span class=\"_ _1\"></span>the por<span class=\"_ _3\"></span>tfoli<span class=\"_ _0\"></span>o range bet<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n 1<span class=\"_ _4\"></span>5<span class=\"_ _0\"></span>0 and 2<span class=\"_ _1\"></span>5<span class=\"_ _0\"></span>0b<span class=\"_ _0\"></span>ps. This ensu<span class=\"_ _0\"></span>res the value of <span class=\"_ _1\"></span>loans at <span class=\"_ _1\"></span>out<span class=\"_ _0\"></span>set is <span class=\"_ _1\"></span>con<span class=\"_ _0\"></span>sisten<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> with th<span class=\"_ _0\"></span>e purc<span class=\"_ _0\"></span>hase pr<span class=\"_ _0\"></span>ice of the lo<span class=\"_ _0\"></span>an and ac<span class=\"_ _0\"></span>hieve<span class=\"_ _0\"></span>s cons<span class=\"_ _0\"></span>isten<span class=\"_ _0\"></span>cy bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en new an<span class=\"_ _0\"></span>d in<span class=\"_ _0\"></span>-for<span class=\"_ _0\"></span>ce loa<span class=\"_ _0\"></span>ns. L<span class=\"_ _0\"></span>ifetim<span class=\"_ _0\"></span>e mor<span class=\"_ _3\"></span>tgages in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>de a no neg<span class=\"_ _0\"></span>ative eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> guar<span class=\"_ _0\"></span>antee (N<span class=\"_ _0\"></span>NE<span class=\"_ _0\"></span>G) <span class=\"_ _1\"></span>to borr<span class=\"_ _0\"></span>owers<span class=\"_ _0\"></span>. This en<span class=\"_ _0\"></span>sure<span class=\"_ _0\"></span>s that if there is a sho<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>fall be<span class=\"_ _0\"></span>twe<span class=\"_ _0\"></span>en th<span class=\"_ _0\"></span>e sale pro<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>s of the prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y an<span class=\"_ _0\"></span>d the ou<span class=\"_ _0\"></span>tsta<span class=\"_ _0\"></span>ndin<span class=\"_ _0\"></span>g loan<span class=\"_ _0\"></span> balan<span class=\"_ _0\"></span>ce o<span class=\"_ _0\"></span>n rede<span class=\"_ _0\"></span>mptio<span class=\"_ _0\"></span>n of the loan<span class=\"_ _0\"></span>, the valu<span class=\"_ _0\"></span>e of the loan will b<span class=\"_ _0\"></span>e redu<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>d by this amou<span class=\"_ _0\"></span>nt. T<span class=\"_ _0\"></span>he NN<span class=\"_ _0\"></span>EG on loa<span class=\"_ _0\"></span>n rede<span class=\"_ _0\"></span>mpti<span class=\"_ _0\"></span>on is value<span class=\"_ _0\"></span>d as a serie<span class=\"_ _0\"></span>s of put<span class=\"_ gsec\"> </span>o<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>, which we cal<span class=\"_ _0\"></span>cul<span class=\"_ _0\"></span>ate using a varia<span class=\"_ _0\"></span>nt of the Blac<span class=\"_ _0\"></span>k-<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>ole<span class=\"_ _0\"></span>s formu<span class=\"_ _0\"></span>la. Key assu<span class=\"_ _0\"></span>mpti<span class=\"_ _0\"></span>ons in the val<span class=\"_ _0\"></span>uatio<span class=\"_ _0\"></span>n of lifetime mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tgag<span class=\"_ _0\"></span>es inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>e sho<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t-<span class=\"_ _0\"></span>term an<span class=\"_ _0\"></span>d long<span class=\"_ _3\"></span>-term p<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y grow<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h rates, pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y ind<span class=\"_ _0\"></span>ex volati<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y, voluntar<span class=\"_ _3\"></span>y earl<span class=\"_ _0\"></span>y repaym<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts and lon<span class=\"_ _0\"></span>gev<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y assu<span class=\"_ _0\"></span>mpti<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e valuatio<span class=\"_ _0\"></span>n as<span class=\"_ gsec\"> </span>at 31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2024 ref<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>cts a co<span class=\"_ _0\"></span>mbin<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of shor<span class=\"_ _0\"></span>t-<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>m and lon<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>-ter<span class=\"_ _0\"></span>m pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y grow<span class=\"_ _0\"></span>th rate assu<span class=\"_ _0\"></span>mpti<span class=\"_ _0\"></span>ons eq<span class=\"_ _0\"></span>uival<span class=\"_ _0\"></span>ent to a flat rate of 3.4% annu<span class=\"_ _0\"></span>ally, after all<span class=\"_ _0\"></span>owing for the ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>ts of dilapi<span class=\"_ _0\"></span>datio<span class=\"_ _0\"></span>n. T<span class=\"_ _0\"></span>he valu<span class=\"_ _0\"></span>es of the prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ties co<span class=\"_ _0\"></span>llateral<span class=\"_ _0\"></span>ising th<span class=\"_ _0\"></span>e L<span class=\"_ _1\"></span>TM loans are up<span class=\"_ _0\"></span>dated fro<span class=\"_ _0\"></span>m the date of the last pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y valu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n to the valuatio<span class=\"_ _0\"></span>n date by indexin<span class=\"_ _0\"></span>g using U<span class=\"_ _0\"></span>K regio<span class=\"_ _0\"></span>nal ho<span class=\"_ _0\"></span>use pr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e indic<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Pri<span class=\"_ _0\"></span>vate credi<span class=\"_ _0\"></span>t loan<span class=\"_ _0\"></span>s (inc<span class=\"_ _0\"></span>ludi<span class=\"_ _0\"></span>ng co<span class=\"_ _0\"></span>mme<span class=\"_ _0\"></span>rci<span class=\"_ _0\"></span>al real est<span class=\"_ _0\"></span>ate loans) amount to \u00a31<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>,779<span class=\"_ _0\"></span>m (202<span class=\"_ _0\"></span>3: \u00a310,5<span class=\"_ _0\"></span>7<span class=\"_ _1\"></span>4<span class=\"_ _0\"></span>m). <span class=\"_ _1\"></span>Th<span class=\"_ _0\"></span>eir valu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n is determ<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d by disco<span class=\"_ _0\"></span>unted<span class=\"_ _0\"></span> fut<span class=\"_ _0\"></span>ure cas<span class=\"_ _0\"></span>h flows whi<span class=\"_ _0\"></span>ch are base<span class=\"_ _0\"></span>d on the yi<span class=\"_ _0\"></span>eld c<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ve of the As<span class=\"_ _0\"></span>set Ma<span class=\"_ _0\"></span>nage<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt app<span class=\"_ _0\"></span>roved co<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>rab<span class=\"_ _0\"></span>le bo<span class=\"_ _0\"></span>nds and th<span class=\"_ _0\"></span>e initi<span class=\"_ _0\"></span>al spre<span class=\"_ _0\"></span>ad, bot<span class=\"_ _0\"></span>h of which are agre<span class=\"_ _0\"></span>ed by IHS M<span class=\"_ _0\"></span>ark<span class=\"_ _0\"></span>it wh<span class=\"_ _0\"></span>o also provid<span class=\"_ _0\"></span>e an inde<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>ent valu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of compa<span class=\"_ _0\"></span>rab<span class=\"_ _0\"></span>le bo<span class=\"_ _0\"></span>nds<span class=\"_ _0\"></span>. Uno<span class=\"_ _0\"></span>bse<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vab<span class=\"_ _0\"></span>le inp<span class=\"_ _0\"></span>uts that g<span class=\"_ _0\"></span>o into the deter<span class=\"_ _0\"></span>minat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span> of<span class=\"_ gsec\"> </span>com<span class=\"_ _0\"></span>par<span class=\"_ _0\"></span>ators inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>e ratin<span class=\"_ _0\"></span>g, se<span class=\"_ _0\"></span>ctor, sub<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ctor, per<span class=\"_ _0\"></span>form<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e dy<span class=\"_ _0\"></span>nami<span class=\"_ _0\"></span>cs<span class=\"_ _0\"></span>, fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cing s<span class=\"_ _0\"></span>tru<span class=\"_ _0\"></span>ctu<span class=\"_ _0\"></span>re and dur<span class=\"_ _0\"></span>ation of invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt. E<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>istin<span class=\"_ _0\"></span>g pri<span class=\"_ _0\"></span>vate credi<span class=\"_ _0\"></span>t invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts, whi<span class=\"_ _0\"></span>ch were exe<span class=\"_ _0\"></span>cute<span class=\"_ _0\"></span>d as far back as 201<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>, are subje<span class=\"_ _0\"></span>ct to a range of interes<span class=\"_ _0\"></span>t rate formats<span class=\"_ _0\"></span>, alth<span class=\"_ _0\"></span>oug<span class=\"_ _0\"></span>h the majo<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y are fixe<span class=\"_ _0\"></span>d rate. The<span class=\"_ _0\"></span> weighte<span class=\"_ _0\"></span>d average du<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>on of the por<span class=\"_ _3\"></span>tfol<span class=\"_ _0\"></span>io is 7<span class=\"_ _4\"></span>.6 years<span class=\"_ _0\"></span>, wit<span class=\"_ _0\"></span>h a weighted averag<span class=\"_ _0\"></span>e life of 1<span class=\"_ _4\"></span>1.0 <span class=\"_ _1\"></span>year<span class=\"_ _0\"></span>s. Matu<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ties in th<span class=\"_ _0\"></span>e por<span class=\"_ _3\"></span>tfoli<span class=\"_ _0\"></span>o curr<span class=\"_ _0\"></span>entl<span class=\"_ _0\"></span>y ex<span class=\"_ _0\"></span>tend out<span class=\"_ gsec\"> </span>to<span class=\"_ gsec\"> </span>20<span class=\"_ _0\"></span>7<span class=\"_ _1\"></span>4. The pr<span class=\"_ _0\"></span>ivate cre<span class=\"_ _0\"></span>dit p<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>foli<span class=\"_ _0\"></span>o of assets has inter<span class=\"_ _0\"></span>nal rati<span class=\"_ _0\"></span>ngs ass<span class=\"_ _0\"></span>igne<span class=\"_ _0\"></span>d by an inde<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>nt cre<span class=\"_ _0\"></span>dit team in lin<span class=\"_ _0\"></span>e with inter<span class=\"_ _0\"></span>nall<span class=\"_ _0\"></span>y devel<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span> meth<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>olo<span class=\"_ _0\"></span>gie<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>hese c<span class=\"_ _0\"></span>redi<span class=\"_ _0\"></span>t ratin<span class=\"_ _0\"></span>gs rang<span class=\"_ _0\"></span>e from A<span class=\"_ _3\"></span>A<span class=\"_ _3\"></span>A to <span class=\"_ _1\"></span>BB<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Pri<span class=\"_ _0\"></span>vate place<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts he<span class=\"_ _0\"></span>ld by the US bus<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>ss amo<span class=\"_ _0\"></span>unt to \u00a32<span class=\"_ _0\"></span>,<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>81<span class=\"_ _1\"></span>m (2023<span class=\"_ _0\"></span>: \u00a31,68<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>m). They are valu<span class=\"_ _0\"></span>ed usi<span class=\"_ _0\"></span>ng a pric<span class=\"_ _0\"></span>ing mat<span class=\"_ _0\"></span>rix co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>rise<span class=\"_ _0\"></span>d of a public<span class=\"_ _0\"></span> spre<span class=\"_ _0\"></span>ad matri<span class=\"_ _0\"></span>x, in<span class=\"_ _0\"></span>terna<span class=\"_ _0\"></span>l rating<span class=\"_ _0\"></span>s assign<span class=\"_ _0\"></span>ed to each h<span class=\"_ _0\"></span>oldi<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>, average life of eac<span class=\"_ _0\"></span>h holdi<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>, and a prem<span class=\"_ _0\"></span>ium spre<span class=\"_ _0\"></span>ad matr<span class=\"_ _0\"></span>ix<span class=\"_ _0\"></span>. The<span class=\"_ _0\"></span>se are add<span class=\"_ _0\"></span>ed to the risk-<span class=\"_ _0\"></span>fre<span class=\"_ _0\"></span>e rate to calcul<span class=\"_ _0\"></span>ate the disco<span class=\"_ _0\"></span>unted c<span class=\"_ _0\"></span>ash fl<span class=\"_ _0\"></span>ows and est<span class=\"_ _0\"></span>ablis<span class=\"_ _0\"></span>h a market valu<span class=\"_ _0\"></span>e for each inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt gra<span class=\"_ _0\"></span>de pri<span class=\"_ _0\"></span>vate plac<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>. The val<span class=\"_ _0\"></span>uatio<span class=\"_ _0\"></span>n as<span class=\"_ gsec\"> </span>at<span class=\"_ gsec\"> </span>31 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>24 refle<span class=\"_ _0\"></span>cts ill<span class=\"_ _0\"></span>iquid<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y pre<span class=\"_ _0\"></span>mium<span class=\"_ _0\"></span>s bet<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n 20 and 70<span class=\"_ _0\"></span>bps<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e stri<span class=\"_ _0\"></span>p assets am<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nt to \u00a31<span class=\"_ _1\"></span>,28<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>m (202<span class=\"_ _0\"></span>3: \u00a31,3<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>6m). The<span class=\"_ _0\"></span>ir valuati<span class=\"_ _0\"></span>on is ou<span class=\"_ _0\"></span>tsou<span class=\"_ _0\"></span>rce<span class=\"_ _0\"></span>d to Knight Fra<span class=\"_ _0\"></span>nk and CB<span class=\"_ _0\"></span>RE wh<span class=\"_ _0\"></span>o appl<span class=\"_ _0\"></span>y a yield to matur<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y to<span class=\"_ gsec\"> </span>disco<span class=\"_ _0\"></span>unted fu<span class=\"_ _0\"></span>ture c<span class=\"_ _0\"></span>ash fl<span class=\"_ _0\"></span>ows to derive valu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns. T<span class=\"_ _0\"></span>he overa<span class=\"_ _0\"></span>ll valuati<span class=\"_ _0\"></span>on takes into acc<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nt the pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y lo<span class=\"_ _0\"></span>cati<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>, tenant de<span class=\"_ _0\"></span>tails<span class=\"_ _0\"></span>, tenure<span class=\"_ _0\"></span>, rent<span class=\"_ _0\"></span>, renta<span class=\"_ _0\"></span>l break ter<span class=\"_ _0\"></span>ms, l<span class=\"_ _0\"></span>ease exp<span class=\"_ _0\"></span>iri<span class=\"_ _0\"></span>es and un<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>ly<span class=\"_ _0\"></span>ing resi<span class=\"_ _0\"></span>dual val<span class=\"_ _0\"></span>ue of the prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ty. The valu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n as at 31 <span class=\"_ _1\"></span>De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>24 refl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ts equi<span class=\"_ _0\"></span>vale<span class=\"_ _0\"></span>nt yie<span class=\"_ _0\"></span>ld rang<span class=\"_ _0\"></span>es be<span class=\"_ _0\"></span>twe<span class=\"_ _0\"></span>en 2<span class=\"_ _0\"></span>% and 1<span class=\"_ _1\"></span>7% and es<span class=\"_ _0\"></span>tima<span class=\"_ _0\"></span>ted rental val<span class=\"_ _0\"></span>ues (E<span class=\"_ _0\"></span>RV<span class=\"_ _0\"></span>) b<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n \u00a37 and \u00a3<span class=\"_ _0\"></span>367 pe<span class=\"_ _0\"></span>r sq.f<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Co<span class=\"_ _0\"></span>mm<span class=\"_ _0\"></span>erci<span class=\"_ _0\"></span>al mor<span class=\"_ _3\"></span>tgage loa<span class=\"_ _0\"></span>ns amo<span class=\"_ _0\"></span>unt to \u00a38<span class=\"_ _0\"></span>4<span class=\"_ _3\"></span>3m (202<span class=\"_ _0\"></span>3: \u00a37<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>m) <span class=\"_ _1\"></span>and are de<span class=\"_ _0\"></span>term<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d by inco<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>orat<span class=\"_ _0\"></span>ing cre<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t risk for per<span class=\"_ _3\"></span>formi<span class=\"_ _0\"></span>ng loa<span class=\"_ _0\"></span>ns at the por<span class=\"_ _3\"></span>tfol<span class=\"_ _0\"></span>io level an<span class=\"_ _0\"></span>d adjus<span class=\"_ _0\"></span>ted for loans id<span class=\"_ _0\"></span>enti<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ed to be distre<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>d at the loan le<span class=\"_ _0\"></span>vel. T<span class=\"_ _0\"></span>he pro<span class=\"_ _0\"></span>jec<span class=\"_ _0\"></span>ted cas<span class=\"_ _0\"></span>h flows of eac<span class=\"_ _0\"></span>h loan are disc<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nted alo<span class=\"_ _0\"></span>ng stoc<span class=\"_ _0\"></span>hasti<span class=\"_ _0\"></span>c risk-<span class=\"_ _0\"></span>fre<span class=\"_ _0\"></span>e rate paths and are in<span class=\"_ _0\"></span>clus<span class=\"_ _0\"></span>ive of an Optio<span class=\"_ _0\"></span>n Adjus<span class=\"_ _0\"></span>ted Spre<span class=\"_ _0\"></span>ad (OAS), de<span class=\"_ _0\"></span>rive<span class=\"_ _0\"></span>d from cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nt inter<span class=\"_ _0\"></span>nal pr<span class=\"_ _0\"></span>icin<span class=\"_ _0\"></span>g on new lo<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>, alon<span class=\"_ _0\"></span>g with<span class=\"_ gsec\"> </span>t<span class=\"_ _0\"></span>he bes<span class=\"_ _0\"></span>t obse<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ble inp<span class=\"_ _0\"></span>uts<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e valuati<span class=\"_ _0\"></span>on as at 31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2024 ref<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>cts illiq<span class=\"_ _0\"></span>uidi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y prem<span class=\"_ _0\"></span>iums b<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n 20 and 50<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>ps.<span class=\"_ _3b2\"> </span>Ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r debt se<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>es whic<span class=\"_ _0\"></span>h are not trad<span class=\"_ _0\"></span>ed in an ac<span class=\"_ _0\"></span>tive mar<span class=\"_ _0\"></span>ket amou<span class=\"_ _0\"></span>nt to \u00a346<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>m (202<span class=\"_ _0\"></span>3: \u00a3<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>49m). They have be<span class=\"_ _0\"></span>en valu<span class=\"_ _0\"></span>ed usi<span class=\"_ _0\"></span>ng third<span class=\"_ _3\"></span>-p<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y or<span class=\"_ _0\"></span> cou<span class=\"_ _0\"></span>nter<span class=\"_ _0\"></span>par<span class=\"_ _3\"></span>ty valu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns, an<span class=\"_ _0\"></span>d thes<span class=\"_ _0\"></span>e pric<span class=\"_ _0\"></span>es are co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>d to be unobs<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ble du<span class=\"_ _0\"></span>e to infreque<span class=\"_ _0\"></span>nt mar<span class=\"_ _0\"></span>ket tran<span class=\"_ _0\"></span>sac<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s. Inv<span class=\"_ _1\"></span>estment property<span class=\"_ _3b2\"> </span>Level 3 invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ty am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ting to \u00a39,<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2m (202<span class=\"_ _0\"></span>3: \u00a3<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>89<span class=\"_ _0\"></span>3m) is valued wi<span class=\"_ _0\"></span>th the invol<span class=\"_ _0\"></span>vem<span class=\"_ _0\"></span>ent of ex<span class=\"_ _0\"></span>tern<span class=\"_ _0\"></span>al value<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>. All pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y valua<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s in the UK are c<span class=\"_ _0\"></span>arr<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d out in ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>rdan<span class=\"_ _0\"></span>ce wit<span class=\"_ _0\"></span>h the latest ed<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>on of the Valuatio<span class=\"_ _0\"></span>n S<span class=\"_ _0\"></span>tand<span class=\"_ _0\"></span>ards pu<span class=\"_ _0\"></span>blish<span class=\"_ _0\"></span>ed by the Royal In<span class=\"_ _0\"></span>stit<span class=\"_ _0\"></span>ute of Char<span class=\"_ _0\"></span>tere<span class=\"_ _0\"></span>d Su<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>veyo<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>, and are und<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>aken by appro<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>iately qu<span class=\"_ _0\"></span>alif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d value<span class=\"_ _0\"></span>rs as def<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d the<span class=\"_ _0\"></span>rein<span class=\"_ _0\"></span>. Ou<span class=\"_ _0\"></span>tsid<span class=\"_ _0\"></span>e the UK<span class=\"_ _0\"></span>, valu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns are prod<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>ed in co<span class=\"_ _0\"></span>njun<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on wit<span class=\"_ _0\"></span>h ex<span class=\"_ _0\"></span>terna<span class=\"_ _0\"></span>l qualif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d professi<span class=\"_ _0\"></span>onal valu<span class=\"_ _0\"></span>es in the count<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>s conc<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>d. Whil<span class=\"_ _0\"></span>st trans<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>ion evid<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ce und<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>pins the valuat<span class=\"_ _0\"></span>ion pro<span class=\"_ _0\"></span>ces<span class=\"_ _0\"></span>s, the def<span class=\"_ _0\"></span>ini<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of <span class=\"_ _1\"></span>mar<span class=\"_ _0\"></span>ket value, inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span> the co<span class=\"_ _0\"></span>mme<span class=\"_ _0\"></span>ntar<span class=\"_ _3\"></span>y, <span class=\"_ _1\"></span>in practi<span class=\"_ _0\"></span>ce requ<span class=\"_ _0\"></span>ires the value<span class=\"_ _0\"></span>r to <span class=\"_ _1\"></span>refl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t the realiti<span class=\"_ _0\"></span>es of <span class=\"_ _1\"></span>the cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>t market<span class=\"_ _0\"></span>. In <span class=\"_ _1\"></span>this con<span class=\"_ _0\"></span>tex<span class=\"_ _0\"></span>t, value<span class=\"_ _0\"></span>rs mus<span class=\"_ _0\"></span>t use their mar<span class=\"_ _0\"></span>ket<span class=\"_ gsec\"> </span>kn<span class=\"_ _0\"></span>owle<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span> and profess<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>al judg<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent an<span class=\"_ _0\"></span>d not rely onl<span class=\"_ _0\"></span>y upo<span class=\"_ _0\"></span>n mar<span class=\"_ _0\"></span>ket senti<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t based o<span class=\"_ _0\"></span>n histori<span class=\"_ _0\"></span>c trans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>al com<span class=\"_ _0\"></span>par<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>es.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e valuati<span class=\"_ _0\"></span>on of investm<span class=\"_ _0\"></span>ent pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es also in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>es an inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e app<span class=\"_ _0\"></span>roac<span class=\"_ _0\"></span>h that is base<span class=\"_ _0\"></span>d on cur<span class=\"_ _0\"></span>rent ren<span class=\"_ _0\"></span>tal inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e plus ant<span class=\"_ _0\"></span>icip<span class=\"_ _0\"></span>ated upli<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ts,<span class=\"_ _0\"></span> whe<span class=\"_ _0\"></span>re<span class=\"_ gsec\"> </span>the up<span class=\"_ _0\"></span>lif<span class=\"_ _0\"></span>t and dis<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>unt rates are de<span class=\"_ _0\"></span>rive<span class=\"_ _0\"></span>d from rates im<span class=\"_ _0\"></span>plie<span class=\"_ _0\"></span>d by rece<span class=\"_ _0\"></span>nt mar<span class=\"_ _0\"></span>ket trans<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s. Th<span class=\"_ _0\"></span>ese in<span class=\"_ _0\"></span>put<span class=\"_ _0\"></span>s are dee<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>d uno<span class=\"_ _0\"></span>bser<span class=\"_ _3\"></span>vabl<span class=\"_ _0\"></span>e. Th<span class=\"_ _0\"></span>e<span class=\"_ gsec\"> </span>valuat<span class=\"_ _0\"></span>ion as at 31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>24 refle<span class=\"_ _0\"></span>cts e<span class=\"_ _0\"></span>quiva<span class=\"_ _0\"></span>len<span class=\"_ _0\"></span>t yiel<span class=\"_ _0\"></span>d rang<span class=\"_ _0\"></span>es bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en 1<span class=\"_ _1\"></span>% and 5<span class=\"_ _0\"></span>3% and E<span class=\"_ _0\"></span>RV be<span class=\"_ _0\"></span>twe<span class=\"_ _0\"></span>en \u00a3<span class=\"_ _0\"></span>2 and \u00a3<span class=\"_ _0\"></span>36<span class=\"_ _0\"></span>9 per sq<span class=\"_ _0\"></span>.f<span class=\"_ _0\"></span>t.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e table b<span class=\"_ _0\"></span>elow sh<span class=\"_ _0\"></span>ows the valuat<span class=\"_ _0\"></span>ion of invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ty by sec<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>:<span class=\"_ _3b2\"> </span><table class=\"s w15d h159\" id=\"_9ba6922f-b139-473a-b71a-e64f7d42c59b\"><tr><td></td><td class=\"t m2 x1c6 h13 y4364 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y4364 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x1c8 h13 y4365 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y4365 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y40bf w112 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls112 ws6\">Retail<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x811 y40bf w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,242<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x812 y40bf w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,169<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y418c w216 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws132\">Leisure<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x209 y418c w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">493<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x20a y418c w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">451<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c1 w217 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls112 ws6\">Distri<span class=\"_ _0\"></span>butio<span class=\"_ _0\"></span>n<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x813 y40c1 w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,058<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x814 y40c1 w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,076<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c2 w218 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws54\">Off<span class=\"_ _0\"></span>ice space<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1d2 y40c2 w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,876<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1d3 y40c2 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,768<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w219 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 lsea ws27\">Industrial and other commercial<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1e9 y4121 w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,805<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1ea y4121 w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,714<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4158 w21a h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls12e ws142\">Accommodat<span class=\"_ _1\"></span>ion<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1e9 y4158 w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,348<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1ea y4158 w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,715<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w21b h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws0\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1e7 y40ae w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">9,822<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1e8 y40ae w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">8,893<span class=\"_ _3b2\"> </span></div></td></tr></table>(<span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>) <span class=\"_ _4c\"> </span>Ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t of cha<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ges i<span class=\"_ _0\"></span>n as<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>mpt<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s on Le<span class=\"_ _0\"></span>vel <span class=\"ls1\">3<span class=\"lsac ws8\"> assets<span class=\"_ _3b2\"> </span></span></span>Fair valu<span class=\"_ _0\"></span>es of fina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al instr<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s are, in ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tai<span class=\"_ _0\"></span>n circu<span class=\"_ _0\"></span>mst<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, measu<span class=\"_ _0\"></span>red usi<span class=\"_ _0\"></span>ng valu<span class=\"_ _0\"></span>ation tec<span class=\"_ _0\"></span>hni<span class=\"_ _0\"></span>que<span class=\"_ _0\"></span>s that inc<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>por<span class=\"_ _0\"></span>ate assum<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>ns that are not<span class=\"_ gsec\"> </span>evi<span class=\"_ _0\"></span>den<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>d by pric<span class=\"_ _0\"></span>es fro<span class=\"_ _0\"></span>m obse<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vab<span class=\"_ _0\"></span>le cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>t market tr<span class=\"_ _0\"></span>ansa<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ons in the sa<span class=\"_ _0\"></span>me ins<span class=\"_ _0\"></span>tru<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt and are not bas<span class=\"_ _0\"></span>ed on ob<span class=\"_ _0\"></span>ser<span class=\"_ _3\"></span>vable ma<span class=\"_ _0\"></span>rket data<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Wh<span class=\"_ _0\"></span>ere materi<span class=\"_ _0\"></span>al, the Grou<span class=\"_ _0\"></span>p assess<span class=\"_ _0\"></span>es the sensi<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y of fair <span class=\"_ _1\"></span>valu<span class=\"_ _0\"></span>es of <span class=\"_ _1\"></span>Level 3 investm<span class=\"_ _0\"></span>ents to chang<span class=\"_ _0\"></span>es in unobse<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ble inp<span class=\"_ _0\"></span>uts to reasonab<span class=\"_ _0\"></span>le alter<span class=\"_ _0\"></span>native<span class=\"_ _0\"></span> assu<span class=\"_ _0\"></span>mptio<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>. The tabl<span class=\"_ _0\"></span>e below shows the impa<span class=\"_ _0\"></span>ct of applyi<span class=\"_ _0\"></span>ng thes<span class=\"_ _0\"></span>e sensi<span class=\"_ _0\"></span>tivi<span class=\"_ _0\"></span>ties to the fair value of <span class=\"_ _1\"></span>Level 3 assets as at <span class=\"_ _1\"></span>31 Dec<span class=\"_ _0\"></span>emb<span class=\"_ _0\"></span>er<span class=\"_ gsec\"> </span>2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>24. Fur<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r discl<span class=\"_ _0\"></span>osu<span class=\"_ _0\"></span>re on how these sensi<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>itie<span class=\"_ _0\"></span>s have <span class=\"_ _1\"></span>be<span class=\"_ _0\"></span>en app<span class=\"_ _0\"></span>lied ca<span class=\"_ _0\"></span>n be found in the descr<span class=\"_ _0\"></span>iptio<span class=\"_ _0\"></span>ns followin<span class=\"_ _0\"></span>g the table.<span class=\"_ _3b2\"> </span><table class=\"s w13f h15a\" id=\"_ded7562a-f7f0-4e0f-a4f4-ba3ae346cb99\"><tr><td></td><td></td><td></td><td class=\"t m0 x1c6 h13 y4366 ff6 fs9 fc1 sc0 ls38 ws3a\">Sensitivities<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m0 x4ec h13 y4367 ff6 fs9 fc1 sc0 ls18 ws32\">Fai<span class=\"_ _0\"></span>r val<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>e 202<span class=\"_ _0\"></span>4<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x26c h13 y4367 ff6 fs9 fc1 sc0 ls38 ws3a\">Positive<span class=\"_ _1\"></span> impact </td><td class=\"t m0 x815 h13 y4367 ff6 fs9 fc1 sc0 ls18 ws32\">Ne<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ive im<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t </td></tr><tr><td></td><td class=\"t m0 x433 h13 y4368 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c8 h13 y4368 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 h13 y4368 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y42f5 w21c h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls113 ws5b\">Lifet<span class=\"_ _1\"></span>ime mortgages<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x816 y42f5 w36 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">5,861<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x402 y42f5 w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">237<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x817 y42f5 w3a h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(289)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4192 w21d h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls11e ws5c\">Privat<span class=\"_ _1\"></span>e credit<span class=\"_ _1\"></span> por<span class=\"_ _0\"></span>tfolios<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x818 y4192 w93 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">14,803<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x819 y4192 w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">647<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x81a y4192 w3a h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(647)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y419e w7f h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws23\">Inv<span class=\"_ _1\"></span>estment<span class=\"_ _1\"></span> property<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x718 y419e w36 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">9,822<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x81b y419e w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">776<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x81c y419e w3a h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(776)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y4108 w1da h11a\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Other investments</div><div class=\"t m0 x664 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x709 y4158 w36 h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">4,375<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x81d y4158 w4a h118\"><div class=\"t m0 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">289<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x81e y4158 w3a h118\"><div class=\"t m0 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">(349)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w21e h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l Leve<span class=\"_ _0\"></span>l 3 asse<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x81f y40ae w2f h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">34,861<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x820 y40ae w36 h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">1,949<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x821 y40ae w33 h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">(2,061)<span class=\"_ _3b2\"> </span></div></td></tr></table>1. <span class=\"_ _15\"> </span>O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er i<span class=\"_ _0\"></span>nve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s in<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>de L<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>el 3 e<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y se<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, in<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e s<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ip a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>nd o<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r tr<span class=\"_ _0\"></span>ad<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d de<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>t se<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s w<span class=\"_ _0\"></span>hi<span class=\"_ _0\"></span>ch a<span class=\"_ _0\"></span>re L<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>el 3<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e sensi<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>itie<span class=\"_ _0\"></span>s are not a func<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of sensiti<span class=\"_ _0\"></span>sing a sing<span class=\"_ _0\"></span>le vari<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e relatin<span class=\"_ _0\"></span>g to the valuatio<span class=\"_ _0\"></span>n of the asset<span class=\"_ _0\"></span>, but ra<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r a funct<span class=\"_ _0\"></span>ion of fl<span class=\"_ _0\"></span>exin<span class=\"_ _0\"></span>g multi<span class=\"_ _0\"></span>ple<span class=\"_ _0\"></span> factor<span class=\"_ _0\"></span>s of<span class=\"_ _0\"></span>ten at indiv<span class=\"_ _0\"></span>idua<span class=\"_ _0\"></span>l asset leve<span class=\"_ _0\"></span>l. T<span class=\"_ _0\"></span>he followi<span class=\"_ _0\"></span>ng sets ou<span class=\"_ _0\"></span>t a numb<span class=\"_ _0\"></span>er of key factors by asse<span class=\"_ _0\"></span>t ty<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>, and how the<span class=\"_ _0\"></span>y have bee<span class=\"_ _0\"></span>n flexe<span class=\"_ _0\"></span>d to derive<span class=\"_ _0\"></span> reasonable alt<span class=\"_ _1\"></span>ernative v<span class=\"_ _1\"></span>aluations.<span class=\"_ _3b2\"> </span>Lifetime<span class=\"_ _1\"></span> mortgages<span class=\"_ _3b2\"> </span>Key assu<span class=\"_ _0\"></span>mptio<span class=\"_ _0\"></span>ns us<span class=\"_ _0\"></span>ed in t<span class=\"_ _0\"></span>he valu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of lifetim<span class=\"_ _0\"></span>e mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tgag<span class=\"_ _0\"></span>e asse<span class=\"_ _0\"></span>ts are lis<span class=\"_ _0\"></span>ted in N<span class=\"_ _0\"></span>ote 1<span class=\"_ _1\"></span>2(ii)(<span class=\"_ _0\"></span>b) and sens<span class=\"_ _0\"></span>itiv<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>es are ap<span class=\"_ _0\"></span>pli<span class=\"_ _0\"></span>ed to de<span class=\"_ _0\"></span>rive th<span class=\"_ _0\"></span>e valu<span class=\"_ _0\"></span>es in<span class=\"_ _0\"></span> the ab<span class=\"_ _0\"></span>ove table<span class=\"_ _0\"></span>. The m<span class=\"_ _0\"></span>ost sig<span class=\"_ _0\"></span>nif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant sen<span class=\"_ _0\"></span>siti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ty by valu<span class=\"_ _0\"></span>e is -20<span class=\"_ _0\"></span>bps of market sp<span class=\"_ _0\"></span>read an<span class=\"_ _0\"></span>d over<span class=\"_ _0\"></span>valu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of prope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y valu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns by 1<span class=\"_ _1\"></span>0% acro<span class=\"_ _0\"></span>ss the<span class=\"_ _0\"></span> por<span class=\"_ _3\"></span>tfol<span class=\"_ _0\"></span>io whic<span class=\"_ _0\"></span>h, ap<span class=\"_ _0\"></span>plie<span class=\"_ _0\"></span>d in isolat<span class=\"_ _0\"></span>ion pro<span class=\"_ _0\"></span>du<span class=\"_ _0\"></span>ces se<span class=\"_ _0\"></span>nsi<span class=\"_ _0\"></span>tise<span class=\"_ _0\"></span>d values of \u00a3143<span class=\"_ _0\"></span>m and \u00a3(1<span class=\"_ _1\"></span>52)m<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Private<span class=\"_ _1\"></span> credit por<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>folios<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e sen<span class=\"_ _0\"></span>siti<span class=\"_ _0\"></span>vit<span class=\"_ _0\"></span>y i<span class=\"_ _0\"></span>n the p<span class=\"_ _0\"></span>rivate c<span class=\"_ _0\"></span>redi<span class=\"_ _0\"></span>t po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>folio h<span class=\"_ _0\"></span>as be<span class=\"_ _0\"></span>en d<span class=\"_ _0\"></span>eter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ed th<span class=\"_ _0\"></span>roug<span class=\"_ _0\"></span>h a met<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>d whic<span class=\"_ _0\"></span>h esti<span class=\"_ _0\"></span>mates inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent sp<span class=\"_ _0\"></span>read va<span class=\"_ _0\"></span>lue p<span class=\"_ _0\"></span>remi<span class=\"_ _0\"></span>um dif<span class=\"_ _0\"></span>fer<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span> as com<span class=\"_ _0\"></span>pare<span class=\"_ _0\"></span>d to the insti<span class=\"_ _0\"></span>tuti<span class=\"_ _0\"></span>onal inve<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent mar<span class=\"_ _0\"></span>ket<span class=\"_ _0\"></span>. Indiv<span class=\"_ _0\"></span>idu<span class=\"_ _0\"></span>al investm<span class=\"_ _0\"></span>ent c<span class=\"_ _0\"></span>hara<span class=\"_ _0\"></span>cter<span class=\"_ _0\"></span>isti<span class=\"_ _0\"></span>cs of each ho<span class=\"_ _0\"></span>ldi<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>, such as cre<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t rating an<span class=\"_ _0\"></span>d durati<span class=\"_ _0\"></span>on are use<span class=\"_ _0\"></span>d to determin<span class=\"_ _0\"></span>e spre<span class=\"_ _0\"></span>ad dif<span class=\"_ _0\"></span>feren<span class=\"_ _0\"></span>tials for the pu<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>s of determi<span class=\"_ _0\"></span>ning al<span class=\"_ _0\"></span>tern<span class=\"_ _0\"></span>ate values<span class=\"_ _0\"></span>. Spre<span class=\"_ _0\"></span>ad dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>ntials are de<span class=\"_ _0\"></span>term<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d to be lower for highl<span class=\"_ _0\"></span>y rated and<span class=\"_ _0\"></span>/or shor<span class=\"_ _3\"></span>ter duratio<span class=\"_ _0\"></span>n asse<span class=\"_ _0\"></span>ts as com<span class=\"_ _0\"></span>pare<span class=\"_ _0\"></span>d to lower rated and/or lon<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>r durati<span class=\"_ _0\"></span>on asse<span class=\"_ _0\"></span>ts. A sign<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ica<span class=\"_ _0\"></span>nt co<span class=\"_ _0\"></span>mpo<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>nt of the sprea<span class=\"_ _0\"></span>d dif<span class=\"_ _0\"></span>feren<span class=\"_ _0\"></span>tial is in relatio<span class=\"_ _0\"></span>n to the sele<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on of com<span class=\"_ _0\"></span>para<span class=\"_ _0\"></span>tor bon<span class=\"_ _0\"></span>ds, wh<span class=\"_ _0\"></span>ich is the p<span class=\"_ _0\"></span>otential dif<span class=\"_ _0\"></span>fer<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>e in spre<span class=\"_ _0\"></span>ad of the basket of relevan<span class=\"_ _0\"></span>t com<span class=\"_ _0\"></span>par<span class=\"_ _0\"></span>ators dete<span class=\"_ _0\"></span>rmi<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>d by resp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tive inves<span class=\"_ _0\"></span>tors<span class=\"_ _0\"></span>. If we were t<span class=\"_ _1\"></span>o take an A<span class=\"_ _0\"></span>A rated ass<span class=\"_ _0\"></span>et it may at<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>ct a sprea<span class=\"_ _0\"></span>d dif<span class=\"_ _0\"></span>feren<span class=\"_ _0\"></span>tial of 20b<span class=\"_ _0\"></span>ps on the se<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>ctio<span class=\"_ _0\"></span>n of com<span class=\"_ _0\"></span>parator b<span class=\"_ _0\"></span>ond<span class=\"_ _0\"></span>s as opp<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>d to 40<span class=\"_ _0\"></span>bp<span class=\"_ _0\"></span>s for a similar dur<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n BBB rate<span class=\"_ _0\"></span>d asset<span class=\"_ _0\"></span>. Ap<span class=\"_ _0\"></span>plie<span class=\"_ _0\"></span>d in isola<span class=\"_ _0\"></span>tion th<span class=\"_ _0\"></span>e sensi<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y use<span class=\"_ _0\"></span>d to refle<span class=\"_ _0\"></span>ct the sp<span class=\"_ _0\"></span>read in co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>arator bo<span class=\"_ _0\"></span>nd sel<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tion res<span class=\"_ _0\"></span>ults in se<span class=\"_ _0\"></span>nsi<span class=\"_ _0\"></span>tise<span class=\"_ _0\"></span>d values of \u00a3<span class=\"_ _0\"></span>23<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>m and \u00a3(23<span class=\"_ _0\"></span>8)m<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Inv<span class=\"_ _1\"></span>estment property<span class=\"_ _3b2\"> </span>Invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>y hol<span class=\"_ _0\"></span>ding<span class=\"_ _0\"></span>s are valu<span class=\"_ _0\"></span>ed by in<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>nt valu<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s on th<span class=\"_ _0\"></span>e basis of o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>n mar<span class=\"_ _0\"></span>ket valu<span class=\"_ _0\"></span>e as def<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>ed in t<span class=\"_ _0\"></span>he ap<span class=\"_ _0\"></span>prais<span class=\"_ _0\"></span>al and v<span class=\"_ _0\"></span>aluati<span class=\"_ _0\"></span>on manu<span class=\"_ _0\"></span>al of the Royal Insti<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>te of <span class=\"_ _1\"></span>Char<span class=\"_ _3\"></span>tered S<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>vey<span class=\"_ _0\"></span>ors (R<span class=\"_ _0\"></span>IC<span class=\"_ _0\"></span>S). As suc<span class=\"_ _0\"></span>h, se<span class=\"_ _0\"></span>nsi<span class=\"_ _0\"></span>tivi<span class=\"_ _0\"></span>ties are c<span class=\"_ _0\"></span>alc<span class=\"_ _0\"></span>ulated thro<span class=\"_ _0\"></span>ug<span class=\"_ _0\"></span>h a mix<span class=\"_ _0\"></span>ture of asset le<span class=\"_ _0\"></span>vel and po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>foli<span class=\"_ _0\"></span>o level m<span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>olo<span class=\"_ _0\"></span>gie<span class=\"_ _0\"></span>s whic<span class=\"_ _0\"></span>h make refere<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e to indiv<span class=\"_ _0\"></span>idu<span class=\"_ _0\"></span>al inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt ch<span class=\"_ _0\"></span>arac<span class=\"_ _0\"></span>teris<span class=\"_ _0\"></span>tic<span class=\"_ _0\"></span>s of the h<span class=\"_ _0\"></span>old<span class=\"_ _0\"></span>ing b<span class=\"_ _0\"></span>ut do n<span class=\"_ _0\"></span>ot f<span class=\"_ _0\"></span>lex in<span class=\"_ _0\"></span>div<span class=\"_ _0\"></span>idua<span class=\"_ _0\"></span>l assu<span class=\"_ _0\"></span>mptio<span class=\"_ _0\"></span>ns us<span class=\"_ _0\"></span>ed by the ind<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>den<span class=\"_ _0\"></span>t expe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t in valui<span class=\"_ _0\"></span>ng the ho<span class=\"_ _0\"></span>ldi<span class=\"_ _0\"></span>ngs<span class=\"_ _0\"></span>. Eac<span class=\"_ _0\"></span>h meth<span class=\"_ _0\"></span>od is app<span class=\"_ _0\"></span>lie<span class=\"_ _0\"></span>d indiv<span class=\"_ _0\"></span>idu<span class=\"_ _0\"></span>ally an<span class=\"_ _0\"></span>d aggre<span class=\"_ _0\"></span>gated wit<span class=\"_ _0\"></span>h equa<span class=\"_ _0\"></span>l weighti<span class=\"_ _0\"></span>ng to determ<span class=\"_ _0\"></span>ine the ove<span class=\"_ _0\"></span>rall sens<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>vit<span class=\"_ _0\"></span>y de<span class=\"_ _0\"></span>term<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d for the por<span class=\"_ _3\"></span>tfol<span class=\"_ _0\"></span>io. On<span class=\"_ _0\"></span>e meth<span class=\"_ _0\"></span>od is simi<span class=\"_ _0\"></span>lar to that used in th<span class=\"_ _0\"></span>e private cre<span class=\"_ _0\"></span>dit p<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>tfoli<span class=\"_ _0\"></span>o as it deter<span class=\"_ _0\"></span>mine<span class=\"_ _0\"></span>s the imp<span class=\"_ _0\"></span>act of an alter<span class=\"_ _0\"></span>nate prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ty y<span class=\"_ _0\"></span>ield d<span class=\"_ _0\"></span>eter<span class=\"_ _0\"></span>mine<span class=\"_ _0\"></span>d in referen<span class=\"_ _0\"></span>ce to credi<span class=\"_ _0\"></span>t ratin<span class=\"_ _0\"></span>gs<span class=\"_ _0\"></span>, remain<span class=\"_ _0\"></span>ing ter<span class=\"_ _0\"></span>m and othe<span class=\"_ _0\"></span>r char<span class=\"_ _0\"></span>acter<span class=\"_ _0\"></span>isti<span class=\"_ _0\"></span>cs of eac<span class=\"_ _0\"></span>h holdi<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>. In this meth<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>olo<span class=\"_ _0\"></span>gy we would<span class=\"_ _0\"></span> appl<span class=\"_ _0\"></span>y a lowe<span class=\"_ _0\"></span>r yie<span class=\"_ _0\"></span>ld se<span class=\"_ _0\"></span>nsit<span class=\"_ _0\"></span>ivi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y to a highl<span class=\"_ _0\"></span>y rated an<span class=\"_ _0\"></span>d/or sho<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ter re<span class=\"_ _0\"></span>mai<span class=\"_ _0\"></span>ning ter<span class=\"_ _0\"></span>m ass<span class=\"_ _0\"></span>et c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>ared w<span class=\"_ _0\"></span>ith a l<span class=\"_ _0\"></span>ower rated a<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>/<span class=\"_ _1\"></span>or l<span class=\"_ _0\"></span>ong<span class=\"_ _0\"></span>er re<span class=\"_ _0\"></span>main<span class=\"_ _0\"></span>ing ter<span class=\"_ _0\"></span>m asse<span class=\"_ _0\"></span>t. If we were to take <span class=\"_ _1\"></span>an A<span class=\"_ _3\"></span>A rated asset wi<span class=\"_ _0\"></span>th remai<span class=\"_ _0\"></span>ning ter<span class=\"_ _0\"></span>m of 25 years in nor<span class=\"_ _0\"></span>mal mar<span class=\"_ _0\"></span>ket con<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s this would le<span class=\"_ _0\"></span>ad to a <span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>5bps yi<span class=\"_ _0\"></span>eld f<span class=\"_ _0\"></span>lex (as opp<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>d to <span class=\"_ _1\"></span>a 35bps yi<span class=\"_ _0\"></span>eld fl<span class=\"_ _0\"></span>ex for a <span class=\"_ _1\"></span>BBB rated asse<span class=\"_ _0\"></span>t with a 30 year remainin<span class=\"_ _0\"></span>g term). <span class=\"_ _1\"></span>The me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>dol<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>y which lea<span class=\"_ _0\"></span>ds to <span class=\"_ _1\"></span>the most sig<span class=\"_ _0\"></span>nif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant sensi<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> at<span class=\"_ gsec\"> </span>the bal<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e she<span class=\"_ _0\"></span>et date is related to an exampl<span class=\"_ _0\"></span>e in case law whe<span class=\"_ _0\"></span>re it was found that an ac<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ptab<span class=\"_ _0\"></span>le margi<span class=\"_ _0\"></span>n of error in a valu<span class=\"_ _0\"></span>ation dis<span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>te is 1<span class=\"_ _1\"></span>0% eit<span class=\"_ _0\"></span>her way, subjec<span class=\"_ _0\"></span>t to the valuatio<span class=\"_ _0\"></span>n bei<span class=\"_ _0\"></span>ng und<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>taken with du<span class=\"_ _0\"></span>e care<span class=\"_ _0\"></span>. If this sensi<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y were to be taken with<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>t a weightin<span class=\"_ _0\"></span>g it would pr<span class=\"_ _0\"></span>odu<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span> sens<span class=\"_ _0\"></span>itis<span class=\"_ _0\"></span>ed valu<span class=\"_ _0\"></span>es of \u00a356<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>m and \u00a3<span class=\"_ _0\"></span>(56<span class=\"_ _0\"></span>4)m<span class=\"_ _0\"></span>. It sho<span class=\"_ _0\"></span>uld be n<span class=\"_ _0\"></span>oted that som<span class=\"_ _0\"></span>e sens<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>viti<span class=\"_ _0\"></span>es des<span class=\"_ _0\"></span>cr<span class=\"_ _0\"></span>ibe<span class=\"_ _0\"></span>d above are no<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>lin<span class=\"_ _0\"></span>ear, and larger o<span class=\"_ _0\"></span>r small<span class=\"_ _0\"></span>er imp<span class=\"_ _0\"></span>acts sh<span class=\"_ _0\"></span>oul<span class=\"_ _0\"></span>d not be inter<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>lated or ex<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>apo<span class=\"_ _0\"></span>lated<span class=\"_ _0\"></span> from th<span class=\"_ _0\"></span>ese resu<span class=\"_ _0\"></span>lts<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFairValueOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-708": {
   "value": "(ii) <span class=\"_ _d\"> </span>Fai<span class=\"_ _0\"></span>r va<span class=\"_ _0\"></span>lue h<span class=\"_ _0\"></span>iera<span class=\"_ _0\"></span>rchy<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e table b<span class=\"_ _0\"></span>elow bre<span class=\"_ _0\"></span>aks down th<span class=\"_ _0\"></span>e fair value of fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>ial inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nts and inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y by fair value hi<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>rchy leve<span class=\"_ _0\"></span>l.<span class=\"_ _3b2\"> </span><table class=\"s w204 h156\" id=\"_f5e2be91-b688-4de2-8999-e59e8b642f19\"><tr><td></td><td class=\"t m2 x430 h13 y4343 ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x75b h13 y4343 ff6 fs9 fc1 sc0 ls18 ws32\">Lev<span class=\"_ _0\"></span>el 1<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x4e8 h13 y4343 ff6 fs9 fc1 sc0 ls18 ws32\">Lev<span class=\"_ _0\"></span>el 2<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x75c h13 y4343 ff6 fs9 fc1 sc0 ls18 ws32\">Lev<span class=\"_ _0\"></span>el 3<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 h13 y4344 ff5 fs9 fc1 sc0 ls18 ws0\">As a<span class=\"_ _0\"></span>t 31 De<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>4<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x432 h13 y4344 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x433 h13 y4344 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 h13 y4344 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 h13 y4344 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 hb y4345 ff5 fs6 fc1 sc0 ls12e ws142\">Shareholder<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4346 w1fb h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">Equity securities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5a6 y4346 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">2,948<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x75d y4346 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">960<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x75e y4346 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">170<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x75f y4346 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">1,818<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4347 w1fc h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">Debt securities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x760 y4347 w2f h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">78,207<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x761 y4347 w2f h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">31,714<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x261 y4347 w93 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">25,424<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x762 y4347 w2f h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">21,069<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4348 w1fd h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls112 ws1e\">Der<span class=\"_ _0\"></span>ivative assets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x763 y4348 w2f h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">49,195<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x764 y4348 w59 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x765 y4348 w2f h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">49,188<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x766 y4348 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y42ee w1fe h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Loans at f<span class=\"_ _1\"></span>air value<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x767 y42ee w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">2,630<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x768 y42ee wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x769 y42ee w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">2,630<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x76a y42ee wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4349 w7f h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws23\">Inv<span class=\"_ _1\"></span>estment<span class=\"_ _1\"></span> property<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x76b y4349 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">5,955<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x76c y4349 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x76d y4349 wa6 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x76e y4349 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">5,955<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y42f1 w205 h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls1 ws23\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> Shareholder<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x76f y42f1 w89 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">138,935<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x770 y42f1 w93 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">32,681<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x771 y42f1 w2f h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">77,412<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x772 y42f1 w2f h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">28,842<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 hb y434a ff5 fs6 fc1 sc0 ls181 ws13f\">Un<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t li<span class=\"_ _0\"></span>nke<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y42f3 w1fb h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">Equity securities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x773 y42f3 w89 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">198,342<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x774 y42f3 w81 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">197,532<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x775 y42f3 w59 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x776 y42f3 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">809<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41e4 w1fc h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">Debt securities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x777 y41e4 w81 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">148,411<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x778 y41e4 w2f h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">97,799<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x779 y41e4 w2f h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">49,269<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x77a y41e4 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">1,343<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y433f w1fd h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls112 ws1e\">Der<span class=\"_ _0\"></span>ivative assets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5a6 y433f w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">1,997<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x77b y433f w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">84<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x77c y433f w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">1,913<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x77d y433f wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41e7 w1fe h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Loans at f<span class=\"_ _1\"></span>air value<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x767 y41e7 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">4,772<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x768 y41e7 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x769 y41e7 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">4,772<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x76a y41e7 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y434b w7f h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws23\">Inv<span class=\"_ _1\"></span>estment<span class=\"_ _1\"></span> property<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x76b y434b w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">3,867<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x76c y434b wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x76d y434b wa6 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x76e y434b w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">3,867<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y419a wf9 h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls1 ws23\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> Unit link<span class=\"_ _1\"></span>ed<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x77e y419a w89 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">357,389<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x77f y419a w89 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">295,415<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x780 y419a w2f h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">55,955<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x781 y419a w36 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">6,019<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y434c w206 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l fi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>l inve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s and in<span class=\"_ _0\"></span>ves<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y at fa<span class=\"_ _0\"></span>ir val<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x782 y434c w89 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">496,324<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x783 y434c w89 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">328,096<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x784 y434c w89 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">133,367<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x785 y434c w93 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">34,861<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y41a9 w207 h126\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">Debt securities at amortised cost</div><div class=\"t m2 x786 h5a y4138 ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x593 y4158 w36 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">7,847<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x787 y4158 wa5 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x788 y4158 w7b h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">43<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x789 y4158 w36 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">7,804<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y434d w208 h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Loa<span class=\"_ _0\"></span>ns at a<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>ed c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t</div><div class=\"t m2 x416 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x78a y40ae w7b h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">84<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x78b y40ae w59 h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x78c y40ae wa5 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x78d y40ae w7b h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">83<span class=\"_ _3b2\"> </span></div></td></tr></table><table class=\"s w209 h157\" id=\"_0592dc85-3f81-4fdb-baf5-9bd34e9d0ff6\"><tr><td></td><td class=\"t m2 x6fe hf y434e ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x75b hf y434e ff3 fs9 fc1 sc0 ls18 ws0\">Lev<span class=\"_ _0\"></span>el 1<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x503 hf y434e ff3 fs9 fc1 sc0 ls18 ws0\">Lev<span class=\"_ _0\"></span>el 2<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x281 hf y434e ff3 fs9 fc1 sc0 ls18 ws0\">Lev<span class=\"_ _0\"></span>el 3<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 hf y434f ff3 fs9 fc1 sc0 ls18 ws0\">As a<span class=\"_ _0\"></span>t 31 De<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>3<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x432 hf y434f ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x433 hf y434f ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 hf y434f ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y434f ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 h1a y4350 ff3 fs6 fc1 sc0 ls11b ws13f\">Shareholder<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4351 w1fb h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10a ws5a\">Equity securities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x78e y4351 w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,166<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x78f y4351 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,069<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x790 y4351 w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">144<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x791 y4351 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,953<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4352 w1fc h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10a ws5a\">Debt securities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x792 y4352 w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">73,298<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x793 y4352 w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">26,003<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x794 y4352 w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">27,860<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x795 y4352 wd3 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">19,435<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4353 w1fd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls112 ws1e\">Der<span class=\"_ _0\"></span>ivative assets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x792 y4353 w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">38,019<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x796 y4353 w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">123<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x797 y4353 w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">37,896<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x798 y4353 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4354 w1fe h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">Loans at f<span class=\"_ _1\"></span>air value<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x799 y4354 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,599<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x79a y4354 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x79b y4354 w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,599<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x79c y4354 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4355 w7f h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Inv<span class=\"_ _1\"></span>estment<span class=\"_ _1\"></span> property<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x79d y4355 w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5,503<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x79e y4355 wbf h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x617 y4355 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x724 y4355 w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5,503<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40bb w20a h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws2a\">T<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>tal Shar<span class=\"_ _1\"></span>eholder<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x79f y40bb w82 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">121,585<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7a0 y40bb w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">27,195<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7a1 y40bb w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">67,499<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7a2 y40bb wd3 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">26,891<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 h1a y4356 ff3 fs6 fc1 sc0 ls11c ws25\">Unit l<span class=\"_ _1\"></span>ink<span class=\"_ _1\"></span>ed<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4357 w1fb h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10a ws5a\">Equity securities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7a3 y4357 w82 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">182,816<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7a4 y4357 w82 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">182,348<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7a5 y4357 w39 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">29<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x235 y4357 w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">439<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4358 w1fc h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10a ws5a\">Debt securities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7a6 y4358 w82 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">152,650<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7a7 y4358 w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">91,874<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7a8 y4358 wd3 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">59,748<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7a9 y4358 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,028<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4359 w1fd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls112 ws1e\">Der<span class=\"_ _0\"></span>ivative assets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7aa y4359 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,121<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7ab y4359 w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">148<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7ac y4359 w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,973<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7ad y4359 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y435a w1fe h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">Loans at f<span class=\"_ _1\"></span>air value<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x799 y435a w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">8,691<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x79a y435a wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x79b y435a w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">8,691<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x79c y435a wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4199 w7f h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Inv<span class=\"_ _1\"></span>estment<span class=\"_ _1\"></span> property<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x79d y4199 w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,390<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x79e y4199 wbf h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x617 y4199 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x724 y4199 w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,390<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y435b w20b h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">T<span class=\"_ _1\"></span>otal Un<span class=\"_ _0\"></span>it li<span class=\"_ _0\"></span>nke<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7ae y435b w82 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">350,668<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7af y435b w82 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">274,370<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7b0 y435b wd3 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">71,441<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7b1 y435b w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">4,857<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y435c w20c h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">T<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>tal financial investments and in<span class=\"_ _1\"></span>vestment proper<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y at fa<span class=\"_ _1\"></span>ir value<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7b2 y435c w82 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">472,253<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7b3 y435c w82 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">301,565<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7b4 y435c w82 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">138,940<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7b5 y435c w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">31,748<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y40ac w207 h126\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">Debt securities at amortised cost</div><div class=\"t m2 x786 h5a y4138 ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7b6 y435d w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">7,184<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7b7 y435d wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7b8 y435d w39 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">45<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7b9 y435d w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">7,139<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y40ae w208 h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Loa<span class=\"_ _0\"></span>ns at a<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>ed c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t</div><div class=\"t m2 x416 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x78a y40ae w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">13<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7ba y40ae w75 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7bb y40ae w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">12<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7bc y40ae wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr></table>1. <span class=\"_ _15\"> </span>Th<span class=\"_ _0\"></span>is t<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>s de<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>t se<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d l<span class=\"_ _0\"></span>oa<span class=\"_ _0\"></span>ns w<span class=\"_ _0\"></span>hi<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>h ar<span class=\"_ _0\"></span>e he<span class=\"_ _0\"></span>ld a<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t o<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e C<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>da<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d B<span class=\"_ _0\"></span>ala<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ce S<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>et a<span class=\"_ _0\"></span>t a to<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>l val<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>e of \u00a3<span class=\"_ _0\"></span>9,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>49<span class=\"_ _0\"></span>m (20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3: \u00a3<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>45<span class=\"_ _0\"></span>m).<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e levels of fair value m<span class=\"_ _0\"></span>easu<span class=\"_ _0\"></span>rem<span class=\"_ _0\"></span>ent bas<span class=\"_ _0\"></span>es are def<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d as follows: Level 1<span class=\"_ _1\"></span>: fair value<span class=\"_ _0\"></span>s measu<span class=\"_ _0\"></span>red usi<span class=\"_ _0\"></span>ng quoted p<span class=\"_ _0\"></span>ric<span class=\"_ _0\"></span>es (unadjus<span class=\"_ _0\"></span>ted) in ac<span class=\"_ _0\"></span>tive mar<span class=\"_ _0\"></span>kets for ide<span class=\"_ _0\"></span>ntic<span class=\"_ _0\"></span>al asse<span class=\"_ _0\"></span>ts or liabil<span class=\"_ _0\"></span>itie<span class=\"_ _0\"></span>s. Level 2<span class=\"_ _0\"></span>: fair valu<span class=\"_ _0\"></span>es meas<span class=\"_ _0\"></span>ured us<span class=\"_ _0\"></span>ing valu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n techn<span class=\"_ _0\"></span>ique<span class=\"_ _0\"></span>s for all inpu<span class=\"_ _0\"></span>ts signi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>can<span class=\"_ _0\"></span>t to the measure<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt othe<span class=\"_ _0\"></span>r than qu<span class=\"_ _0\"></span>oted pric<span class=\"_ _0\"></span>es in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>ded wi<span class=\"_ _0\"></span>thin<span class=\"_ _0\"></span> Level 1 that are ob<span class=\"_ _0\"></span>ser<span class=\"_ _3\"></span>vable for the as<span class=\"_ _0\"></span>set or lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ty, eith<span class=\"_ _0\"></span>er dire<span class=\"_ _0\"></span>ctl<span class=\"_ _0\"></span>y (i.e. as pr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>es) or indirec<span class=\"_ _0\"></span>tly (i<span class=\"_ _0\"></span>.e. de<span class=\"_ _0\"></span>rive<span class=\"_ _0\"></span>d from pr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>es). Level 3: fair val<span class=\"_ _0\"></span>ues me<span class=\"_ _0\"></span>asure<span class=\"_ _0\"></span>d usin<span class=\"_ _0\"></span>g valuati<span class=\"_ _0\"></span>on tec<span class=\"_ _0\"></span>hniq<span class=\"_ _0\"></span>ues for any inp<span class=\"_ _0\"></span>ut for the ass<span class=\"_ _0\"></span>et or liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y sig<span class=\"_ _0\"></span>nif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant to the meas<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t that is not base<span class=\"_ _0\"></span>d on<span class=\"_ gsec\"> </span>ob<span class=\"_ _0\"></span>ser<span class=\"_ _3\"></span>vable ma<span class=\"_ _0\"></span>rket data (unob<span class=\"_ _0\"></span>ser<span class=\"_ _3\"></span>vable in<span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>ts).<span class=\"_ _3b2\"> </span>All of the Gro<span class=\"_ _0\"></span>up\u2019s Level 2 assets have be<span class=\"_ _0\"></span>en val<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span>d using st<span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>ard mar<span class=\"_ _0\"></span>ket pric<span class=\"_ _0\"></span>ing so<span class=\"_ _0\"></span>urc<span class=\"_ _0\"></span>es, su<span class=\"_ _0\"></span>ch as IH<span class=\"_ _0\"></span>S Mar<span class=\"_ _0\"></span>ki<span class=\"_ _0\"></span>t, IC<span class=\"_ _0\"></span>E and Blo<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>rg, o<span class=\"_ _0\"></span>r Index<span class=\"_ _0\"></span> Provid<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s suc<span class=\"_ _0\"></span>h as Barcl<span class=\"_ _0\"></span>ays, Me<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>ill Lynch or JP<span class=\"_ _0\"></span>Mo<span class=\"_ _0\"></span>rga<span class=\"_ _0\"></span>n. Ea<span class=\"_ _0\"></span>ch use<span class=\"_ _0\"></span>s mathe<span class=\"_ _0\"></span>mati<span class=\"_ _0\"></span>cal mo<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>lling an<span class=\"_ _0\"></span>d mult<span class=\"_ _0\"></span>iple so<span class=\"_ _0\"></span>urc<span class=\"_ _0\"></span>e validati<span class=\"_ _0\"></span>on in ord<span class=\"_ _0\"></span>er to deter<span class=\"_ _0\"></span>mine<span class=\"_ _0\"></span> con<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>sus pr<span class=\"_ _0\"></span>ice<span class=\"_ _0\"></span>s, wi<span class=\"_ _0\"></span>th the exce<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>n of OT<span class=\"_ _1\"></span>C Der<span class=\"_ _0\"></span>ivati<span class=\"_ _0\"></span>ve hold<span class=\"_ _0\"></span>ings<span class=\"_ _0\"></span>; OTCs are marked to market usi<span class=\"_ _0\"></span>ng an in<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>ous<span class=\"_ _0\"></span>e system (Lo<span class=\"_ _0\"></span>mba<span class=\"_ _0\"></span>rd Ob<span class=\"_ _0\"></span>ero<span class=\"_ _0\"></span>n), ex<span class=\"_ _0\"></span>tern<span class=\"_ _0\"></span>al vend<span class=\"_ _0\"></span>or (IH<span class=\"_ _0\"></span>S Mar<span class=\"_ _0\"></span>ki<span class=\"_ _0\"></span>t), interna<span class=\"_ _0\"></span>l mod<span class=\"_ _0\"></span>el or Co<span class=\"_ _0\"></span>unter<span class=\"_ _0\"></span>par<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>y Broker ma<span class=\"_ _0\"></span>rks<span class=\"_ _0\"></span>. In nor<span class=\"_ _0\"></span>mal mar<span class=\"_ _0\"></span>ket co<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s, we would c<span class=\"_ _0\"></span>onsi<span class=\"_ _0\"></span>der th<span class=\"_ _0\"></span>ese ma<span class=\"_ _0\"></span>rket pri<span class=\"_ _0\"></span>ces<span class=\"_ gsec\"> </span>to<span class=\"_ gsec\"> </span>b<span class=\"_ _0\"></span>e obse<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vab<span class=\"_ _0\"></span>le mar<span class=\"_ _0\"></span>ket pric<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>. Follow<span class=\"_ _0\"></span>ing co<span class=\"_ _0\"></span>nsul<span class=\"_ _0\"></span>tati<span class=\"_ _0\"></span>on with o<span class=\"_ _0\"></span>ur pri<span class=\"_ _0\"></span>cin<span class=\"_ _0\"></span>g provid<span class=\"_ _0\"></span>ers an<span class=\"_ _0\"></span>d a numb<span class=\"_ _0\"></span>er of their c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>utin<span class=\"_ _0\"></span>g broker<span class=\"_ _0\"></span>s, we have con<span class=\"_ _0\"></span>side<span class=\"_ _0\"></span>red th<span class=\"_ _0\"></span>at thes<span class=\"_ _0\"></span>e pric<span class=\"_ _0\"></span>es are not fro<span class=\"_ _0\"></span>m a suitab<span class=\"_ _0\"></span>ly ac<span class=\"_ _0\"></span>tive mar<span class=\"_ _0\"></span>ket and have the<span class=\"_ _0\"></span>refore clas<span class=\"_ _0\"></span>sif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d them as Leve<span class=\"_ _0\"></span>l 2. Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p\u2019s poli<span class=\"_ _0\"></span>cy is to re<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>sess c<span class=\"_ _0\"></span>ateg<span class=\"_ _0\"></span>oris<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial as<span class=\"_ _0\"></span>sets at t<span class=\"_ _0\"></span>he en<span class=\"_ _0\"></span>d of eac<span class=\"_ _0\"></span>h rep<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>ting pe<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>od an<span class=\"_ _0\"></span>d to reco<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>se tra<span class=\"_ _0\"></span>nsfers b<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en level<span class=\"_ _0\"></span>s<span class=\"_ gsec\"> </span>at that poin<span class=\"_ _0\"></span>t in time. At 31 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>24 debt se<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>riti<span class=\"_ _0\"></span>es totallin<span class=\"_ _0\"></span>g net \u00a30<span class=\"_ _0\"></span>.6b<span class=\"_ _0\"></span>n (2023<span class=\"_ _0\"></span>: \u00a30.7bn) transfer<span class=\"_ _0\"></span>red fr<span class=\"_ _0\"></span>om Level 2 to Level 1 in the fair<span class=\"_ gsec\"> </span>valu<span class=\"_ _0\"></span>e hier<span class=\"_ _0\"></span>arc<span class=\"_ _0\"></span>hy<span class=\"_ _1\"></span>. (b) Level <span class=\"_ _278\"></span><span class=\"ls1 ws0\">3<span class=\"ls18\"> asse<span class=\"_ _0\"></span>ts m<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>red at f<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>r va<span class=\"_ _0\"></span>lue<span class=\"_ _3b2\"> </span></span></span>Level 3 asse<span class=\"_ _0\"></span>ts, wh<span class=\"_ _0\"></span>ere mo<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>lling tec<span class=\"_ _0\"></span>hni<span class=\"_ _0\"></span>ques are us<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>, com<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>ise prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>y, <span class=\"_ _1\"></span>unqu<span class=\"_ _0\"></span>oted se<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>es, un<span class=\"_ _0\"></span>trad<span class=\"_ _0\"></span>ed de<span class=\"_ _0\"></span>bt sec<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>itie<span class=\"_ _0\"></span>s and se<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>es whe<span class=\"_ _0\"></span>re unqu<span class=\"_ _0\"></span>oted pr<span class=\"_ _0\"></span>ice<span class=\"_ _0\"></span>s are provid<span class=\"_ _0\"></span>ed by a single b<span class=\"_ _0\"></span>roker. <span class=\"_ _1\"></span>Un<span class=\"_ _0\"></span>quoted se<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ties in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>de susp<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d sec<span class=\"_ _0\"></span>uri<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>, inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nts in pri<span class=\"_ _0\"></span>vate equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y and prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>y vehic<span class=\"_ _0\"></span>les<span class=\"_ _0\"></span>. Untr<span class=\"_ _0\"></span>ade<span class=\"_ _0\"></span>d deb<span class=\"_ _0\"></span>t secu<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ties in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>de pr<span class=\"_ _0\"></span>ivate plac<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span>, co<span class=\"_ _0\"></span>mme<span class=\"_ _0\"></span>rci<span class=\"_ _0\"></span>al real est<span class=\"_ _0\"></span>ate loans<span class=\"_ _0\"></span>, inc<span class=\"_ _0\"></span>ome s<span class=\"_ _0\"></span>trip<span class=\"_ _0\"></span>s, reti<span class=\"_ _0\"></span>rem<span class=\"_ _0\"></span>ent intere<span class=\"_ _0\"></span>st on<span class=\"_ _0\"></span>ly and oth<span class=\"_ _0\"></span>er lif<span class=\"_ _1\"></span>etime<span class=\"_ _1\"></span> mortgages.<span class=\"_ _3b2\"> </span>In many situ<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns, in<span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>ts used to meas<span class=\"_ _0\"></span>ure the fair val<span class=\"_ _0\"></span>ue of an asset or lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ty m<span class=\"_ _0\"></span>ay fall into differe<span class=\"_ _0\"></span>nt leve<span class=\"_ _0\"></span>ls of the fair value hie<span class=\"_ _0\"></span>rarc<span class=\"_ _0\"></span>hy. In <span class=\"_ _1\"></span>the<span class=\"_ _0\"></span>se situ<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns, th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p deter<span class=\"_ _0\"></span>mine<span class=\"_ _0\"></span>s the leve<span class=\"_ _0\"></span>l in which th<span class=\"_ _0\"></span>e fair value falls bas<span class=\"_ _0\"></span>ed up<span class=\"_ _0\"></span>on the l<span class=\"_ _0\"></span>owest leve<span class=\"_ _0\"></span>l inpu<span class=\"_ _0\"></span>t that is signi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>can<span class=\"_ _0\"></span>t to the determi<span class=\"_ _0\"></span>natio<span class=\"_ _0\"></span>n of<span class=\"_ gsec\"> </span>the fair valu<span class=\"_ _0\"></span>e. As a resul<span class=\"_ _0\"></span>t, b<span class=\"_ _0\"></span>oth obse<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ble an<span class=\"_ _0\"></span>d unob<span class=\"_ _0\"></span>ser<span class=\"_ _3\"></span>vable in<span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>ts may be used in th<span class=\"_ _0\"></span>e deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ation of fair valu<span class=\"_ _0\"></span>es that the Gr<span class=\"_ _0\"></span>oup has<span class=\"_ _0\"></span> clas<span class=\"_ _0\"></span>sif<span class=\"_ _0\"></span>ied<span class=\"_ gsec\"> </span>w<span class=\"_ _0\"></span>ithi<span class=\"_ _0\"></span>n Level 3.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Group d<span class=\"_ _0\"></span>eterm<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>s the fair valu<span class=\"_ _0\"></span>es of cer<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ain f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial as<span class=\"_ _0\"></span>sets an<span class=\"_ _0\"></span>d liabili<span class=\"_ _0\"></span>ties ba<span class=\"_ _0\"></span>sed on qu<span class=\"_ _0\"></span>oted mar<span class=\"_ _0\"></span>ket pri<span class=\"_ _0\"></span>ces<span class=\"_ _0\"></span>, whe<span class=\"_ _0\"></span>re availabl<span class=\"_ _0\"></span>e. Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p also deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>es fair valu<span class=\"_ _0\"></span>e base<span class=\"_ _0\"></span>d on estim<span class=\"_ _0\"></span>ated fu<span class=\"_ _0\"></span>ture cas<span class=\"_ _0\"></span>h flows dis<span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>nted at the ap<span class=\"_ _0\"></span>prop<span class=\"_ _0\"></span>riate cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>t market rate. A<span class=\"_ _0\"></span>s appro<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>iate, fair valu<span class=\"_ _0\"></span>es refl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t adjus<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nts for co<span class=\"_ _0\"></span>unter<span class=\"_ _0\"></span>par<span class=\"_ _3\"></span>ty cr<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>t quali<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, <span class=\"_ _1\"></span>the Gro<span class=\"_ _0\"></span>up\u2019s cred<span class=\"_ _0\"></span>it sta<span class=\"_ _0\"></span>ndin<span class=\"_ _0\"></span>g, liq<span class=\"_ _0\"></span>uidi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y and risk m<span class=\"_ _0\"></span>argin<span class=\"_ _0\"></span>s on uno<span class=\"_ _0\"></span>bser<span class=\"_ _3\"></span>vable in<span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>ts.<span class=\"_ _3b2\"> </span>Fair valu<span class=\"_ _0\"></span>es are subje<span class=\"_ _0\"></span>ct to a cont<span class=\"_ _0\"></span>rol fra<span class=\"_ _0\"></span>mewo<span class=\"_ _0\"></span>rk des<span class=\"_ _0\"></span>igne<span class=\"_ _0\"></span>d to ensure that in<span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>t varia<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span>s and out<span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>ts are asses<span class=\"_ _0\"></span>sed in<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>nt of the risk take<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>. Th<span class=\"_ _0\"></span>ese inp<span class=\"_ _0\"></span>uts an<span class=\"_ _0\"></span>d out<span class=\"_ _0\"></span>put<span class=\"_ _0\"></span>s are reviewe<span class=\"_ _0\"></span>d and app<span class=\"_ _0\"></span>roved by a valuatio<span class=\"_ _0\"></span>n co<span class=\"_ _0\"></span>mmi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tee and vali<span class=\"_ _0\"></span>dated ind<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ly as appr<span class=\"_ _0\"></span>opr<span class=\"_ _0\"></span>iate.<span class=\"_ _3b2\"> </span><table class=\"s w20d h158\" id=\"_8a827fcb-1691-4961-8b78-2eb2ea8ad7ad\"><tr><td></td><td></td><td></td><td class=\"t m0 x680 h13 y435e ff5 fs9 fc1 sc0 ls1 ws0\">Othe<span class=\"_ _0\"></span>r </td><td></td><td></td><td></td><td class=\"t m0 x325 hf y435e ff3 fs9 fc1 sc0 ls1b ws1f\">Other<span class=\"_ _0\"></span> <span class=\"ls1 ws0\"> </span></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"t m0 x7bd h13 y435f ff5 fs9 fc1 sc0 ls1 ws0\">Equit<span class=\"_ _0\"></span>y </td><td class=\"t m0 x7be h13 y435f ff5 fs9 fc1 sc0 ls38 ws3a\">financial </td><td class=\"t m0 x4e9 h13 y435f ff6 fs9 fc1 sc0 ls2c ws34\">Inve<span class=\"_ _1\"></span>stment </td><td></td><td class=\"t m0 x45d hf y435f ff3 fs9 fc1 sc0 ls111 wsc0\">Equit<span class=\"_ _0\"></span>y </td><td class=\"t m0 x7bf hf y435f ff3 fs9 fc1 sc0 ls187 ws19c\">financial </td><td class=\"t m0 x658 hf y435f ff3 fs9 fc1 sc0 ls187 ws19c\">Investment </td><td></td></tr><tr><td></td><td></td><td class=\"t m0 x7c0 h13 y4360 ff5 fs9 fc1 sc0 ls1 ws0\">securities </td><td class=\"t m0 x45b h13 y4360 ff6 fs9 fc1 sc0 ls3d ws131\">investments </td><td class=\"t m0 x5ef h13 y4360 ff5 fs9 fc1 sc0 ls1 ws0\">proper<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y  </td><td class=\"t m0 x430 h13 y4360 ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x286 hf y4360 ff3 fs9 fc1 sc0 ls168 ws183\">securities </td><td class=\"t m0 x499 hf y4360 ff3 fs9 fc1 sc0 ls187 ws19c\">investments </td><td class=\"t m0 x7c1 hf y4360 ff3 fs9 fc1 sc0 ls3b ws45\">property <span class=\"ls1 ws0\"> </span></td><td class=\"t m0 x1c7 hf y4360 ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x7c2 h13 y4361 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x7c3 h13 y4361 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x7c4 h13 y4361 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x430 h13 y4361 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x26f hf y4361 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x26c hf y4361 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x7c5 hf y4361 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c7 hf y4361 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x7c6 h13 y4362 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x321 h13 y4362 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x464 h13 y4362 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x432 h13 y4362 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x465 hf y4362 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x466 hf y4362 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x467 hf y4362 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 hf y4362 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y41d1 w1d8 h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws0\">As a<span class=\"_ _0\"></span>t 1 Ja<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x7c7 y41d1 w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,392<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7c8 y41d1 w2f h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">20,463<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7c9 y41d1 w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">8,893<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7ca y41d1 w2f h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">31,748<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7cb y41d1 w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,307<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7cc y41d1 w3e h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">16,421<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7cd y41d1 w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">9,372<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7ce y41d1 w3e h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">28,100<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 h1a y4363 ff3 fs6 fc1 sc0 ls56 ws0\">T<span class=\"_ _1\"></span>otal ga<span class=\"_ _0\"></span>ins<span class=\"_ _0\"></span>/(lo<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s) for the y<span class=\"_ _0\"></span>ear<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4189 w114 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c x405 y4189 w20e h11a\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">realised gains<span class=\"_ _1\"></span> or (losses)</div><div class=\"t m0 x7cf h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7d0 y4189 w1e1 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7d1 y4189 w41 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(17)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7d2 y4189 wb4 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(2)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7d3 y4189 w41 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(15)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7d4 y4189 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">24<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7d5 y4189 w3b h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(432)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7d6 y4189 w50 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7d7 y4189 w3b h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(405)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y417f w114 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c x405 y417f w20f h11a\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">unrealised gains<span class=\"_ _1\"></span> or (losses)</div><div class=\"t m0 x7d8 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7d9 y417f w3a h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(208)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7da y417f w3a h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(278)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7db y417f w41 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(20)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7dc y417f w3a h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(506)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7dd y417f w5a h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(34)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7de y417f w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">357<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7df y417f w3b h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(923)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7e0 y417f w3b h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(600)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c0 w210 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10a ws118\">Purchases/<span class=\"_ _1\"></span>Additions<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x7e1 y40c0 w4a h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">789<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7e2 y40c0 w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">5,649<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7e3 y40c0 w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,502<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7e4 y40c0 w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">7,940<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7e5 y40c0 w42 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">278<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7e6 y40c0 w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">6,009<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7e7 y40c0 w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,264<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7e8 y40c0 w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">7,551<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c1 w211 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10a ws118\">Disposals/Dereco<span class=\"_ _0\"></span>gnitions<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x7e9 y40c1 w3a h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(364)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7ea y40c1 w33 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(3,369)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7eb y40c1 w3a h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(552)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7ec y40c1 w33 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(4,285)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7ed y40c1 w3b h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(149)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7ee y40c1 w34 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(2,018)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7ef y40c1 w3b h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(854)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7f0 y40c1 w34 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(3,021)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4182 w212 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">T<span class=\"_ _1\"></span>ransfe<span class=\"_ _0\"></span>rs i<span class=\"_ _0\"></span>nto Lev<span class=\"_ _0\"></span>el 3<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x7f1 y4182 wa4 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7f2 y4182 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">70<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7f3 y4182 wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7f4 y4182 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">70<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7f5 y4182 w50 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7f6 y4182 w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">241<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7f7 y4182 wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7f8 y4182 w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">243<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4183 w213 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">T<span class=\"_ _1\"></span>ransfe<span class=\"_ _0\"></span>rs o<span class=\"_ _0\"></span>ut of L<span class=\"_ _0\"></span>eve<span class=\"_ _0\"></span>l 3<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x7f9 y4183 wa4 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7fa y4183 w3a h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(144)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7fb y4183 wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7fc y4183 w3a h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(144)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7fd y4183 wc0 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(3)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7fe y4183 wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7ff y4183 wbf h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x800 y4183 w6a h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(3)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4184 w214 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">For<span class=\"_ _0\"></span>eig<span class=\"_ _0\"></span>n exc<span class=\"_ _0\"></span>han<span class=\"_ _0\"></span>ge r<span class=\"_ _0\"></span>ate move<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x801 y4184 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">14<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x802 y4184 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">38<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x803 y4184 w1e1 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x804 y4184 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">53<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x805 y4184 w71 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(33)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x806 y4184 w3b h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(115)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x807 y4184 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">31<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x808 y4184 w3b h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(117)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w1db h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls12e wsca\">As at<span class=\"_ _1\"></span> 31<span class=\"_ _1\"></span> December<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x809 y40ae w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,627<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x80a y40ae w215 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">22,412<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x80b y40ae w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">9,822<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x80c y40ae w2f h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">34,861<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x80d y40ae w30 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,392<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x80e y40ae w3e h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">20,463<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x80f y40ae w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">8,893<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x810 y40ae w3e h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">31,748<span class=\"_ _3b2\"> </span></div></td></tr></table>1.<span class=\"_ _1d\"> </span>Re<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d a<span class=\"_ _0\"></span>nd u<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>ed g<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>/(l<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>es) ar<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>ed i<span class=\"_ _0\"></span>n In<span class=\"_ _0\"></span>ves<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t re<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>n in t<span class=\"_ _0\"></span>he C<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed I<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e S<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Equity s<span class=\"_ _1\"></span>ecurities<span class=\"_ _3b2\"> </span>Level 3 equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y se<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>es amo<span class=\"_ _0\"></span>unt to \u00a32<span class=\"_ _0\"></span>,62<span class=\"_ _0\"></span>7m (<span class=\"_ _1\"></span>20<span class=\"_ _0\"></span>23<span class=\"_ _0\"></span>: \u00a32<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>92<span class=\"_ _0\"></span>m), of <span class=\"_ _1\"></span>whic<span class=\"_ _0\"></span>h the majo<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y is made up of hold<span class=\"_ _0\"></span>ings in inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y vehi<span class=\"_ _0\"></span>cle<span class=\"_ _0\"></span>s and<span class=\"_ gsec\"> </span>pr<span class=\"_ _0\"></span>ivate inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt fun<span class=\"_ _0\"></span>ds. T<span class=\"_ _0\"></span>hey are valu<span class=\"_ _0\"></span>ed at the pro<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on of the Grou<span class=\"_ _0\"></span>p\u2019s holdin<span class=\"_ _0\"></span>g of the Net As<span class=\"_ _0\"></span>set Value re<span class=\"_ _0\"></span>por<span class=\"_ _3\"></span>ted by the investm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span> vehic<span class=\"_ _0\"></span>les<span class=\"_ _0\"></span>.<span class=\"_ gsec\"> </span>O<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y se<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>es are value<span class=\"_ _0\"></span>d by a numbe<span class=\"_ _0\"></span>r of third<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y spe<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>alists us<span class=\"_ _0\"></span>ing a ran<span class=\"_ _0\"></span>ge of techni<span class=\"_ _0\"></span>que<span class=\"_ _0\"></span>s which are of<span class=\"_ _0\"></span>ten de<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>nt on<span class=\"_ _0\"></span> the<span class=\"_ gsec\"> </span>ma<span class=\"_ _0\"></span>turi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y of<span class=\"_ gsec\"> </span>the und<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>lyi<span class=\"_ _0\"></span>ng invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt but c<span class=\"_ _0\"></span>an also de<span class=\"_ _0\"></span>pen<span class=\"_ _0\"></span>d on the ch<span class=\"_ _0\"></span>ara<span class=\"_ _0\"></span>cteri<span class=\"_ _0\"></span>stic<span class=\"_ _0\"></span>s of indiv<span class=\"_ _0\"></span>idua<span class=\"_ _0\"></span>l assets<span class=\"_ _0\"></span>. Su<span class=\"_ _0\"></span>ch tec<span class=\"_ _0\"></span>hniq<span class=\"_ _0\"></span>ues in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>de tran<span class=\"_ _0\"></span>sac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n value<span class=\"_ _0\"></span>s unde<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>inn<span class=\"_ _0\"></span>ed by anal<span class=\"_ _0\"></span>ysis of miles<span class=\"_ _0\"></span>tone ac<span class=\"_ _0\"></span>hieve<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t and cas<span class=\"_ _0\"></span>h runway for earl<span class=\"_ _0\"></span>y/<span class=\"_ _1\"></span>star<span class=\"_ _3\"></span>t-<span class=\"_ _0\"></span>up stag<span class=\"_ _0\"></span>e invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts, dis<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>unted ca<span class=\"_ _0\"></span>sh fl<span class=\"_ _0\"></span>ow mod<span class=\"_ _0\"></span>els for<span class=\"_ gsec\"> </span>inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nts at the nex<span class=\"_ _0\"></span>t st<span class=\"_ _0\"></span>age of devel<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt and ear<span class=\"_ _0\"></span>nin<span class=\"_ _0\"></span>gs mul<span class=\"_ _0\"></span>tipl<span class=\"_ _0\"></span>es for more matu<span class=\"_ _0\"></span>re invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts.<span class=\"_ _3b2\"> </span>(b) Level <span class=\"_ _278\"></span><span class=\"ls1 ws0\">3<span class=\"ls18\"> asse<span class=\"_ _0\"></span>ts m<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>red at f<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>r va<span class=\"_ _0\"></span>lue <span class=\"ff86 lsd ws7f\">c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>nue<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></span></span></span>Other financial in<span class=\"_ _1\"></span>vestments<span class=\"_ _3b2\"> </span>Lifeti<span class=\"_ _0\"></span>me mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tgag<span class=\"_ _0\"></span>e (L<span class=\"_ _1\"></span>TM) loa<span class=\"_ _0\"></span>ns and reti<span class=\"_ _0\"></span>rem<span class=\"_ _0\"></span>ent intere<span class=\"_ _0\"></span>st on<span class=\"_ _0\"></span>ly mor<span class=\"_ _3\"></span>tgage<span class=\"_ _0\"></span>s amou<span class=\"_ _0\"></span>nt to \u00a35,<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>6<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>m (2023<span class=\"_ _0\"></span>: \u00a35,766<span class=\"_ _0\"></span>m). <span class=\"_ _1\"></span>Lifeti<span class=\"_ _0\"></span>me mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tgag<span class=\"_ _0\"></span>es are valu<span class=\"_ _0\"></span>ed usi<span class=\"_ _0\"></span>ng a disco<span class=\"_ _0\"></span>unted c<span class=\"_ _0\"></span>ash fl<span class=\"_ _0\"></span>ow mod<span class=\"_ _0\"></span>el by proje<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ng be<span class=\"_ _0\"></span>st esti<span class=\"_ _0\"></span>mate net ass<span class=\"_ _0\"></span>et proc<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>eds an<span class=\"_ _0\"></span>d disco<span class=\"_ _0\"></span>unted us<span class=\"_ _0\"></span>ing rates infer<span class=\"_ _0\"></span>red fro<span class=\"_ _0\"></span>m cur<span class=\"_ _0\"></span>rent L<span class=\"_ _1\"></span>TM lo<span class=\"_ _0\"></span>an pri<span class=\"_ _0\"></span>cin<span class=\"_ _0\"></span>g. Th<span class=\"_ _0\"></span>e inf<span class=\"_ _1\"></span>er<span class=\"_ _0\"></span>red illiqui<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>y premi<span class=\"_ _0\"></span>ums for <span class=\"_ _1\"></span>the majo<span class=\"_ _0\"></span>rit<span class=\"_ _0\"></span>y of <span class=\"_ _1\"></span>the por<span class=\"_ _3\"></span>tfoli<span class=\"_ _0\"></span>o range bet<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n 1<span class=\"_ _4\"></span>5<span class=\"_ _0\"></span>0 and 2<span class=\"_ _1\"></span>5<span class=\"_ _0\"></span>0b<span class=\"_ _0\"></span>ps. This ensu<span class=\"_ _0\"></span>res the value of <span class=\"_ _1\"></span>loans at <span class=\"_ _1\"></span>out<span class=\"_ _0\"></span>set is <span class=\"_ _1\"></span>con<span class=\"_ _0\"></span>sisten<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> with th<span class=\"_ _0\"></span>e purc<span class=\"_ _0\"></span>hase pr<span class=\"_ _0\"></span>ice of the lo<span class=\"_ _0\"></span>an and ac<span class=\"_ _0\"></span>hieve<span class=\"_ _0\"></span>s cons<span class=\"_ _0\"></span>isten<span class=\"_ _0\"></span>cy bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en new an<span class=\"_ _0\"></span>d in<span class=\"_ _0\"></span>-for<span class=\"_ _0\"></span>ce loa<span class=\"_ _0\"></span>ns. L<span class=\"_ _0\"></span>ifetim<span class=\"_ _0\"></span>e mor<span class=\"_ _3\"></span>tgages in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>de a no neg<span class=\"_ _0\"></span>ative eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> guar<span class=\"_ _0\"></span>antee (N<span class=\"_ _0\"></span>NE<span class=\"_ _0\"></span>G) <span class=\"_ _1\"></span>to borr<span class=\"_ _0\"></span>owers<span class=\"_ _0\"></span>. This en<span class=\"_ _0\"></span>sure<span class=\"_ _0\"></span>s that if there is a sho<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>fall be<span class=\"_ _0\"></span>twe<span class=\"_ _0\"></span>en th<span class=\"_ _0\"></span>e sale pro<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>s of the prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y an<span class=\"_ _0\"></span>d the ou<span class=\"_ _0\"></span>tsta<span class=\"_ _0\"></span>ndin<span class=\"_ _0\"></span>g loan<span class=\"_ _0\"></span> balan<span class=\"_ _0\"></span>ce o<span class=\"_ _0\"></span>n rede<span class=\"_ _0\"></span>mptio<span class=\"_ _0\"></span>n of the loan<span class=\"_ _0\"></span>, the valu<span class=\"_ _0\"></span>e of the loan will b<span class=\"_ _0\"></span>e redu<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>d by this amou<span class=\"_ _0\"></span>nt. T<span class=\"_ _0\"></span>he NN<span class=\"_ _0\"></span>EG on loa<span class=\"_ _0\"></span>n rede<span class=\"_ _0\"></span>mpti<span class=\"_ _0\"></span>on is value<span class=\"_ _0\"></span>d as a serie<span class=\"_ _0\"></span>s of put<span class=\"_ gsec\"> </span>o<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>, which we cal<span class=\"_ _0\"></span>cul<span class=\"_ _0\"></span>ate using a varia<span class=\"_ _0\"></span>nt of the Blac<span class=\"_ _0\"></span>k-<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>ole<span class=\"_ _0\"></span>s formu<span class=\"_ _0\"></span>la. Key assu<span class=\"_ _0\"></span>mpti<span class=\"_ _0\"></span>ons in the val<span class=\"_ _0\"></span>uatio<span class=\"_ _0\"></span>n of lifetime mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tgag<span class=\"_ _0\"></span>es inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>e sho<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t-<span class=\"_ _0\"></span>term an<span class=\"_ _0\"></span>d long<span class=\"_ _3\"></span>-term p<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y grow<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h rates, pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y ind<span class=\"_ _0\"></span>ex volati<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y, voluntar<span class=\"_ _3\"></span>y earl<span class=\"_ _0\"></span>y repaym<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts and lon<span class=\"_ _0\"></span>gev<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y assu<span class=\"_ _0\"></span>mpti<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e valuatio<span class=\"_ _0\"></span>n as<span class=\"_ gsec\"> </span>at 31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2024 ref<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>cts a co<span class=\"_ _0\"></span>mbin<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of shor<span class=\"_ _0\"></span>t-<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>m and lon<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>-ter<span class=\"_ _0\"></span>m pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y grow<span class=\"_ _0\"></span>th rate assu<span class=\"_ _0\"></span>mpti<span class=\"_ _0\"></span>ons eq<span class=\"_ _0\"></span>uival<span class=\"_ _0\"></span>ent to a flat rate of 3.4% annu<span class=\"_ _0\"></span>ally, after all<span class=\"_ _0\"></span>owing for the ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>ts of dilapi<span class=\"_ _0\"></span>datio<span class=\"_ _0\"></span>n. T<span class=\"_ _0\"></span>he valu<span class=\"_ _0\"></span>es of the prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ties co<span class=\"_ _0\"></span>llateral<span class=\"_ _0\"></span>ising th<span class=\"_ _0\"></span>e L<span class=\"_ _1\"></span>TM loans are up<span class=\"_ _0\"></span>dated fro<span class=\"_ _0\"></span>m the date of the last pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y valu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n to the valuatio<span class=\"_ _0\"></span>n date by indexin<span class=\"_ _0\"></span>g using U<span class=\"_ _0\"></span>K regio<span class=\"_ _0\"></span>nal ho<span class=\"_ _0\"></span>use pr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e indic<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Pri<span class=\"_ _0\"></span>vate credi<span class=\"_ _0\"></span>t loan<span class=\"_ _0\"></span>s (inc<span class=\"_ _0\"></span>ludi<span class=\"_ _0\"></span>ng co<span class=\"_ _0\"></span>mme<span class=\"_ _0\"></span>rci<span class=\"_ _0\"></span>al real est<span class=\"_ _0\"></span>ate loans) amount to \u00a31<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>,779<span class=\"_ _0\"></span>m (202<span class=\"_ _0\"></span>3: \u00a310,5<span class=\"_ _0\"></span>7<span class=\"_ _1\"></span>4<span class=\"_ _0\"></span>m). <span class=\"_ _1\"></span>Th<span class=\"_ _0\"></span>eir valu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n is determ<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d by disco<span class=\"_ _0\"></span>unted<span class=\"_ _0\"></span> fut<span class=\"_ _0\"></span>ure cas<span class=\"_ _0\"></span>h flows whi<span class=\"_ _0\"></span>ch are base<span class=\"_ _0\"></span>d on the yi<span class=\"_ _0\"></span>eld c<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ve of the As<span class=\"_ _0\"></span>set Ma<span class=\"_ _0\"></span>nage<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt app<span class=\"_ _0\"></span>roved co<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>rab<span class=\"_ _0\"></span>le bo<span class=\"_ _0\"></span>nds and th<span class=\"_ _0\"></span>e initi<span class=\"_ _0\"></span>al spre<span class=\"_ _0\"></span>ad, bot<span class=\"_ _0\"></span>h of which are agre<span class=\"_ _0\"></span>ed by IHS M<span class=\"_ _0\"></span>ark<span class=\"_ _0\"></span>it wh<span class=\"_ _0\"></span>o also provid<span class=\"_ _0\"></span>e an inde<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>ent valu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of compa<span class=\"_ _0\"></span>rab<span class=\"_ _0\"></span>le bo<span class=\"_ _0\"></span>nds<span class=\"_ _0\"></span>. Uno<span class=\"_ _0\"></span>bse<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vab<span class=\"_ _0\"></span>le inp<span class=\"_ _0\"></span>uts that g<span class=\"_ _0\"></span>o into the deter<span class=\"_ _0\"></span>minat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span> of<span class=\"_ gsec\"> </span>com<span class=\"_ _0\"></span>par<span class=\"_ _0\"></span>ators inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>e ratin<span class=\"_ _0\"></span>g, se<span class=\"_ _0\"></span>ctor, sub<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ctor, per<span class=\"_ _0\"></span>form<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e dy<span class=\"_ _0\"></span>nami<span class=\"_ _0\"></span>cs<span class=\"_ _0\"></span>, fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cing s<span class=\"_ _0\"></span>tru<span class=\"_ _0\"></span>ctu<span class=\"_ _0\"></span>re and dur<span class=\"_ _0\"></span>ation of invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt. E<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>istin<span class=\"_ _0\"></span>g pri<span class=\"_ _0\"></span>vate credi<span class=\"_ _0\"></span>t invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts, whi<span class=\"_ _0\"></span>ch were exe<span class=\"_ _0\"></span>cute<span class=\"_ _0\"></span>d as far back as 201<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>, are subje<span class=\"_ _0\"></span>ct to a range of interes<span class=\"_ _0\"></span>t rate formats<span class=\"_ _0\"></span>, alth<span class=\"_ _0\"></span>oug<span class=\"_ _0\"></span>h the majo<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y are fixe<span class=\"_ _0\"></span>d rate. The<span class=\"_ _0\"></span> weighte<span class=\"_ _0\"></span>d average du<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>on of the por<span class=\"_ _3\"></span>tfol<span class=\"_ _0\"></span>io is 7<span class=\"_ _4\"></span>.6 years<span class=\"_ _0\"></span>, wit<span class=\"_ _0\"></span>h a weighted averag<span class=\"_ _0\"></span>e life of 1<span class=\"_ _4\"></span>1.0 <span class=\"_ _1\"></span>year<span class=\"_ _0\"></span>s. Matu<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ties in th<span class=\"_ _0\"></span>e por<span class=\"_ _3\"></span>tfoli<span class=\"_ _0\"></span>o curr<span class=\"_ _0\"></span>entl<span class=\"_ _0\"></span>y ex<span class=\"_ _0\"></span>tend out<span class=\"_ gsec\"> </span>to<span class=\"_ gsec\"> </span>20<span class=\"_ _0\"></span>7<span class=\"_ _1\"></span>4. The pr<span class=\"_ _0\"></span>ivate cre<span class=\"_ _0\"></span>dit p<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>foli<span class=\"_ _0\"></span>o of assets has inter<span class=\"_ _0\"></span>nal rati<span class=\"_ _0\"></span>ngs ass<span class=\"_ _0\"></span>igne<span class=\"_ _0\"></span>d by an inde<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>nt cre<span class=\"_ _0\"></span>dit team in lin<span class=\"_ _0\"></span>e with inter<span class=\"_ _0\"></span>nall<span class=\"_ _0\"></span>y devel<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span> meth<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>olo<span class=\"_ _0\"></span>gie<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>hese c<span class=\"_ _0\"></span>redi<span class=\"_ _0\"></span>t ratin<span class=\"_ _0\"></span>gs rang<span class=\"_ _0\"></span>e from A<span class=\"_ _3\"></span>A<span class=\"_ _3\"></span>A to <span class=\"_ _1\"></span>BB<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Pri<span class=\"_ _0\"></span>vate place<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts he<span class=\"_ _0\"></span>ld by the US bus<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>ss amo<span class=\"_ _0\"></span>unt to \u00a32<span class=\"_ _0\"></span>,<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>81<span class=\"_ _1\"></span>m (2023<span class=\"_ _0\"></span>: \u00a31,68<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>m). They are valu<span class=\"_ _0\"></span>ed usi<span class=\"_ _0\"></span>ng a pric<span class=\"_ _0\"></span>ing mat<span class=\"_ _0\"></span>rix co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>rise<span class=\"_ _0\"></span>d of a public<span class=\"_ _0\"></span> spre<span class=\"_ _0\"></span>ad matri<span class=\"_ _0\"></span>x, in<span class=\"_ _0\"></span>terna<span class=\"_ _0\"></span>l rating<span class=\"_ _0\"></span>s assign<span class=\"_ _0\"></span>ed to each h<span class=\"_ _0\"></span>oldi<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>, average life of eac<span class=\"_ _0\"></span>h holdi<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>, and a prem<span class=\"_ _0\"></span>ium spre<span class=\"_ _0\"></span>ad matr<span class=\"_ _0\"></span>ix<span class=\"_ _0\"></span>. The<span class=\"_ _0\"></span>se are add<span class=\"_ _0\"></span>ed to the risk-<span class=\"_ _0\"></span>fre<span class=\"_ _0\"></span>e rate to calcul<span class=\"_ _0\"></span>ate the disco<span class=\"_ _0\"></span>unted c<span class=\"_ _0\"></span>ash fl<span class=\"_ _0\"></span>ows and est<span class=\"_ _0\"></span>ablis<span class=\"_ _0\"></span>h a market valu<span class=\"_ _0\"></span>e for each inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt gra<span class=\"_ _0\"></span>de pri<span class=\"_ _0\"></span>vate plac<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>. The val<span class=\"_ _0\"></span>uatio<span class=\"_ _0\"></span>n as<span class=\"_ gsec\"> </span>at<span class=\"_ gsec\"> </span>31 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>24 refle<span class=\"_ _0\"></span>cts ill<span class=\"_ _0\"></span>iquid<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y pre<span class=\"_ _0\"></span>mium<span class=\"_ _0\"></span>s bet<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n 20 and 70<span class=\"_ _0\"></span>bps<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e stri<span class=\"_ _0\"></span>p assets am<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nt to \u00a31<span class=\"_ _1\"></span>,28<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>m (202<span class=\"_ _0\"></span>3: \u00a31,3<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>6m). The<span class=\"_ _0\"></span>ir valuati<span class=\"_ _0\"></span>on is ou<span class=\"_ _0\"></span>tsou<span class=\"_ _0\"></span>rce<span class=\"_ _0\"></span>d to Knight Fra<span class=\"_ _0\"></span>nk and CB<span class=\"_ _0\"></span>RE wh<span class=\"_ _0\"></span>o appl<span class=\"_ _0\"></span>y a yield to matur<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y to<span class=\"_ gsec\"> </span>disco<span class=\"_ _0\"></span>unted fu<span class=\"_ _0\"></span>ture c<span class=\"_ _0\"></span>ash fl<span class=\"_ _0\"></span>ows to derive valu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns. T<span class=\"_ _0\"></span>he overa<span class=\"_ _0\"></span>ll valuati<span class=\"_ _0\"></span>on takes into acc<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nt the pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y lo<span class=\"_ _0\"></span>cati<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>, tenant de<span class=\"_ _0\"></span>tails<span class=\"_ _0\"></span>, tenure<span class=\"_ _0\"></span>, rent<span class=\"_ _0\"></span>, renta<span class=\"_ _0\"></span>l break ter<span class=\"_ _0\"></span>ms, l<span class=\"_ _0\"></span>ease exp<span class=\"_ _0\"></span>iri<span class=\"_ _0\"></span>es and un<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>ly<span class=\"_ _0\"></span>ing resi<span class=\"_ _0\"></span>dual val<span class=\"_ _0\"></span>ue of the prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ty. The valu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n as at 31 <span class=\"_ _1\"></span>De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>24 refl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ts equi<span class=\"_ _0\"></span>vale<span class=\"_ _0\"></span>nt yie<span class=\"_ _0\"></span>ld rang<span class=\"_ _0\"></span>es be<span class=\"_ _0\"></span>twe<span class=\"_ _0\"></span>en 2<span class=\"_ _0\"></span>% and 1<span class=\"_ _1\"></span>7% and es<span class=\"_ _0\"></span>tima<span class=\"_ _0\"></span>ted rental val<span class=\"_ _0\"></span>ues (E<span class=\"_ _0\"></span>RV<span class=\"_ _0\"></span>) b<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n \u00a37 and \u00a3<span class=\"_ _0\"></span>367 pe<span class=\"_ _0\"></span>r sq.f<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Co<span class=\"_ _0\"></span>mm<span class=\"_ _0\"></span>erci<span class=\"_ _0\"></span>al mor<span class=\"_ _3\"></span>tgage loa<span class=\"_ _0\"></span>ns amo<span class=\"_ _0\"></span>unt to \u00a38<span class=\"_ _0\"></span>4<span class=\"_ _3\"></span>3m (202<span class=\"_ _0\"></span>3: \u00a37<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>m) <span class=\"_ _1\"></span>and are de<span class=\"_ _0\"></span>term<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d by inco<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>orat<span class=\"_ _0\"></span>ing cre<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t risk for per<span class=\"_ _3\"></span>formi<span class=\"_ _0\"></span>ng loa<span class=\"_ _0\"></span>ns at the por<span class=\"_ _3\"></span>tfol<span class=\"_ _0\"></span>io level an<span class=\"_ _0\"></span>d adjus<span class=\"_ _0\"></span>ted for loans id<span class=\"_ _0\"></span>enti<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ed to be distre<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>d at the loan le<span class=\"_ _0\"></span>vel. T<span class=\"_ _0\"></span>he pro<span class=\"_ _0\"></span>jec<span class=\"_ _0\"></span>ted cas<span class=\"_ _0\"></span>h flows of eac<span class=\"_ _0\"></span>h loan are disc<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nted alo<span class=\"_ _0\"></span>ng stoc<span class=\"_ _0\"></span>hasti<span class=\"_ _0\"></span>c risk-<span class=\"_ _0\"></span>fre<span class=\"_ _0\"></span>e rate paths and are in<span class=\"_ _0\"></span>clus<span class=\"_ _0\"></span>ive of an Optio<span class=\"_ _0\"></span>n Adjus<span class=\"_ _0\"></span>ted Spre<span class=\"_ _0\"></span>ad (OAS), de<span class=\"_ _0\"></span>rive<span class=\"_ _0\"></span>d from cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nt inter<span class=\"_ _0\"></span>nal pr<span class=\"_ _0\"></span>icin<span class=\"_ _0\"></span>g on new lo<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>, alon<span class=\"_ _0\"></span>g with<span class=\"_ gsec\"> </span>t<span class=\"_ _0\"></span>he bes<span class=\"_ _0\"></span>t obse<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ble inp<span class=\"_ _0\"></span>uts<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e valuati<span class=\"_ _0\"></span>on as at 31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2024 ref<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>cts illiq<span class=\"_ _0\"></span>uidi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y prem<span class=\"_ _0\"></span>iums b<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n 20 and 50<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>ps.<span class=\"_ _3b2\"> </span>Ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r debt se<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>es whic<span class=\"_ _0\"></span>h are not trad<span class=\"_ _0\"></span>ed in an ac<span class=\"_ _0\"></span>tive mar<span class=\"_ _0\"></span>ket amou<span class=\"_ _0\"></span>nt to \u00a346<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>m (202<span class=\"_ _0\"></span>3: \u00a3<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>49m). They have be<span class=\"_ _0\"></span>en valu<span class=\"_ _0\"></span>ed usi<span class=\"_ _0\"></span>ng third<span class=\"_ _3\"></span>-p<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y or<span class=\"_ _0\"></span> cou<span class=\"_ _0\"></span>nter<span class=\"_ _0\"></span>par<span class=\"_ _3\"></span>ty valu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns, an<span class=\"_ _0\"></span>d thes<span class=\"_ _0\"></span>e pric<span class=\"_ _0\"></span>es are co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>d to be unobs<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ble du<span class=\"_ _0\"></span>e to infreque<span class=\"_ _0\"></span>nt mar<span class=\"_ _0\"></span>ket tran<span class=\"_ _0\"></span>sac<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s. Inv<span class=\"_ _1\"></span>estment property<span class=\"_ _3b2\"> </span>Level 3 invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ty am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ting to \u00a39,<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2m (202<span class=\"_ _0\"></span>3: \u00a3<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>89<span class=\"_ _0\"></span>3m) is valued wi<span class=\"_ _0\"></span>th the invol<span class=\"_ _0\"></span>vem<span class=\"_ _0\"></span>ent of ex<span class=\"_ _0\"></span>tern<span class=\"_ _0\"></span>al value<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>. All pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y valua<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s in the UK are c<span class=\"_ _0\"></span>arr<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d out in ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>rdan<span class=\"_ _0\"></span>ce wit<span class=\"_ _0\"></span>h the latest ed<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>on of the Valuatio<span class=\"_ _0\"></span>n S<span class=\"_ _0\"></span>tand<span class=\"_ _0\"></span>ards pu<span class=\"_ _0\"></span>blish<span class=\"_ _0\"></span>ed by the Royal In<span class=\"_ _0\"></span>stit<span class=\"_ _0\"></span>ute of Char<span class=\"_ _0\"></span>tere<span class=\"_ _0\"></span>d Su<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>veyo<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>, and are und<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>aken by appro<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>iately qu<span class=\"_ _0\"></span>alif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d value<span class=\"_ _0\"></span>rs as def<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d the<span class=\"_ _0\"></span>rein<span class=\"_ _0\"></span>. Ou<span class=\"_ _0\"></span>tsid<span class=\"_ _0\"></span>e the UK<span class=\"_ _0\"></span>, valu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns are prod<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>ed in co<span class=\"_ _0\"></span>njun<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on wit<span class=\"_ _0\"></span>h ex<span class=\"_ _0\"></span>terna<span class=\"_ _0\"></span>l qualif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d professi<span class=\"_ _0\"></span>onal valu<span class=\"_ _0\"></span>es in the count<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>s conc<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>d. Whil<span class=\"_ _0\"></span>st trans<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>ion evid<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ce und<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>pins the valuat<span class=\"_ _0\"></span>ion pro<span class=\"_ _0\"></span>ces<span class=\"_ _0\"></span>s, the def<span class=\"_ _0\"></span>ini<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of <span class=\"_ _1\"></span>mar<span class=\"_ _0\"></span>ket value, inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span> the co<span class=\"_ _0\"></span>mme<span class=\"_ _0\"></span>ntar<span class=\"_ _3\"></span>y, <span class=\"_ _1\"></span>in practi<span class=\"_ _0\"></span>ce requ<span class=\"_ _0\"></span>ires the value<span class=\"_ _0\"></span>r to <span class=\"_ _1\"></span>refl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t the realiti<span class=\"_ _0\"></span>es of <span class=\"_ _1\"></span>the cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>t market<span class=\"_ _0\"></span>. In <span class=\"_ _1\"></span>this con<span class=\"_ _0\"></span>tex<span class=\"_ _0\"></span>t, value<span class=\"_ _0\"></span>rs mus<span class=\"_ _0\"></span>t use their mar<span class=\"_ _0\"></span>ket<span class=\"_ gsec\"> </span>kn<span class=\"_ _0\"></span>owle<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span> and profess<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>al judg<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent an<span class=\"_ _0\"></span>d not rely onl<span class=\"_ _0\"></span>y upo<span class=\"_ _0\"></span>n mar<span class=\"_ _0\"></span>ket senti<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t based o<span class=\"_ _0\"></span>n histori<span class=\"_ _0\"></span>c trans<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>al com<span class=\"_ _0\"></span>par<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>es.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e valuati<span class=\"_ _0\"></span>on of investm<span class=\"_ _0\"></span>ent pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es also in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>es an inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e app<span class=\"_ _0\"></span>roac<span class=\"_ _0\"></span>h that is base<span class=\"_ _0\"></span>d on cur<span class=\"_ _0\"></span>rent ren<span class=\"_ _0\"></span>tal inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e plus ant<span class=\"_ _0\"></span>icip<span class=\"_ _0\"></span>ated upli<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ts,<span class=\"_ _0\"></span> whe<span class=\"_ _0\"></span>re<span class=\"_ gsec\"> </span>the up<span class=\"_ _0\"></span>lif<span class=\"_ _0\"></span>t and dis<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>unt rates are de<span class=\"_ _0\"></span>rive<span class=\"_ _0\"></span>d from rates im<span class=\"_ _0\"></span>plie<span class=\"_ _0\"></span>d by rece<span class=\"_ _0\"></span>nt mar<span class=\"_ _0\"></span>ket trans<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s. Th<span class=\"_ _0\"></span>ese in<span class=\"_ _0\"></span>put<span class=\"_ _0\"></span>s are dee<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>d uno<span class=\"_ _0\"></span>bser<span class=\"_ _3\"></span>vabl<span class=\"_ _0\"></span>e. Th<span class=\"_ _0\"></span>e<span class=\"_ gsec\"> </span>valuat<span class=\"_ _0\"></span>ion as at 31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>24 refle<span class=\"_ _0\"></span>cts e<span class=\"_ _0\"></span>quiva<span class=\"_ _0\"></span>len<span class=\"_ _0\"></span>t yiel<span class=\"_ _0\"></span>d rang<span class=\"_ _0\"></span>es bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en 1<span class=\"_ _1\"></span>% and 5<span class=\"_ _0\"></span>3% and E<span class=\"_ _0\"></span>RV be<span class=\"_ _0\"></span>twe<span class=\"_ _0\"></span>en \u00a3<span class=\"_ _0\"></span>2 and \u00a3<span class=\"_ _0\"></span>36<span class=\"_ _0\"></span>9 per sq<span class=\"_ _0\"></span>.f<span class=\"_ _0\"></span>t.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e table b<span class=\"_ _0\"></span>elow sh<span class=\"_ _0\"></span>ows the valuat<span class=\"_ _0\"></span>ion of invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ty by sec<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>:<span class=\"_ _3b2\"> </span><table class=\"s w15d h159\" id=\"_9ba6922f-b139-473a-b71a-e64f7d42c59b\"><tr><td></td><td class=\"t m2 x1c6 h13 y4364 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y4364 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x1c8 h13 y4365 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y4365 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y40bf w112 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls112 ws6\">Retail<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x811 y40bf w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,242<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x812 y40bf w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,169<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y418c w216 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws132\">Leisure<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x209 y418c w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">493<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x20a y418c w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">451<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c1 w217 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls112 ws6\">Distri<span class=\"_ _0\"></span>butio<span class=\"_ _0\"></span>n<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x813 y40c1 w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,058<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x814 y40c1 w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,076<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c2 w218 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws54\">Off<span class=\"_ _0\"></span>ice space<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1d2 y40c2 w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,876<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1d3 y40c2 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,768<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w219 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 lsea ws27\">Industrial and other commercial<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1e9 y4121 w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,805<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1ea y4121 w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,714<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4158 w21a h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls12e ws142\">Accommodat<span class=\"_ _1\"></span>ion<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1e9 y4158 w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,348<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1ea y4158 w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,715<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w21b h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws0\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1e7 y40ae w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">9,822<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1e8 y40ae w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">8,893<span class=\"_ _3b2\"> </span></div></td></tr></table>(<span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>) <span class=\"_ _4c\"> </span>Ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t of cha<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ges i<span class=\"_ _0\"></span>n as<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>mpt<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s on Le<span class=\"_ _0\"></span>vel <span class=\"ls1\">3<span class=\"lsac ws8\"> assets<span class=\"_ _3b2\"> </span></span></span>Fair valu<span class=\"_ _0\"></span>es of fina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al instr<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s are, in ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tai<span class=\"_ _0\"></span>n circu<span class=\"_ _0\"></span>mst<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, measu<span class=\"_ _0\"></span>red usi<span class=\"_ _0\"></span>ng valu<span class=\"_ _0\"></span>ation tec<span class=\"_ _0\"></span>hni<span class=\"_ _0\"></span>que<span class=\"_ _0\"></span>s that inc<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>por<span class=\"_ _0\"></span>ate assum<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>ns that are not<span class=\"_ gsec\"> </span>evi<span class=\"_ _0\"></span>den<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>d by pric<span class=\"_ _0\"></span>es fro<span class=\"_ _0\"></span>m obse<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vab<span class=\"_ _0\"></span>le cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>t market tr<span class=\"_ _0\"></span>ansa<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ons in the sa<span class=\"_ _0\"></span>me ins<span class=\"_ _0\"></span>tru<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt and are not bas<span class=\"_ _0\"></span>ed on ob<span class=\"_ _0\"></span>ser<span class=\"_ _3\"></span>vable ma<span class=\"_ _0\"></span>rket data<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Wh<span class=\"_ _0\"></span>ere materi<span class=\"_ _0\"></span>al, the Grou<span class=\"_ _0\"></span>p assess<span class=\"_ _0\"></span>es the sensi<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y of fair <span class=\"_ _1\"></span>valu<span class=\"_ _0\"></span>es of <span class=\"_ _1\"></span>Level 3 investm<span class=\"_ _0\"></span>ents to chang<span class=\"_ _0\"></span>es in unobse<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ble inp<span class=\"_ _0\"></span>uts to reasonab<span class=\"_ _0\"></span>le alter<span class=\"_ _0\"></span>native<span class=\"_ _0\"></span> assu<span class=\"_ _0\"></span>mptio<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>. The tabl<span class=\"_ _0\"></span>e below shows the impa<span class=\"_ _0\"></span>ct of applyi<span class=\"_ _0\"></span>ng thes<span class=\"_ _0\"></span>e sensi<span class=\"_ _0\"></span>tivi<span class=\"_ _0\"></span>ties to the fair value of <span class=\"_ _1\"></span>Level 3 assets as at <span class=\"_ _1\"></span>31 Dec<span class=\"_ _0\"></span>emb<span class=\"_ _0\"></span>er<span class=\"_ gsec\"> </span>2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>24. Fur<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r discl<span class=\"_ _0\"></span>osu<span class=\"_ _0\"></span>re on how these sensi<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>itie<span class=\"_ _0\"></span>s have <span class=\"_ _1\"></span>be<span class=\"_ _0\"></span>en app<span class=\"_ _0\"></span>lied ca<span class=\"_ _0\"></span>n be found in the descr<span class=\"_ _0\"></span>iptio<span class=\"_ _0\"></span>ns followin<span class=\"_ _0\"></span>g the table.<span class=\"_ _3b2\"> </span><table class=\"s w13f h15a\" id=\"_ded7562a-f7f0-4e0f-a4f4-ba3ae346cb99\"><tr><td></td><td></td><td></td><td class=\"t m0 x1c6 h13 y4366 ff6 fs9 fc1 sc0 ls38 ws3a\">Sensitivities<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m0 x4ec h13 y4367 ff6 fs9 fc1 sc0 ls18 ws32\">Fai<span class=\"_ _0\"></span>r val<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>e 202<span class=\"_ _0\"></span>4<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x26c h13 y4367 ff6 fs9 fc1 sc0 ls38 ws3a\">Positive<span class=\"_ _1\"></span> impact </td><td class=\"t m0 x815 h13 y4367 ff6 fs9 fc1 sc0 ls18 ws32\">Ne<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ive im<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t </td></tr><tr><td></td><td class=\"t m0 x433 h13 y4368 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c8 h13 y4368 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 h13 y4368 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y42f5 w21c h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls113 ws5b\">Lifet<span class=\"_ _1\"></span>ime mortgages<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x816 y42f5 w36 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">5,861<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x402 y42f5 w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">237<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x817 y42f5 w3a h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(289)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4192 w21d h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls11e ws5c\">Privat<span class=\"_ _1\"></span>e credit<span class=\"_ _1\"></span> por<span class=\"_ _0\"></span>tfolios<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x818 y4192 w93 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">14,803<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x819 y4192 w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">647<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x81a y4192 w3a h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(647)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y419e w7f h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws23\">Inv<span class=\"_ _1\"></span>estment<span class=\"_ _1\"></span> property<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x718 y419e w36 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">9,822<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x81b y419e w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">776<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x81c y419e w3a h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(776)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y4108 w1da h11a\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Other investments</div><div class=\"t m0 x664 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x709 y4158 w36 h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">4,375<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x81d y4158 w4a h118\"><div class=\"t m0 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">289<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x81e y4158 w3a h118\"><div class=\"t m0 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">(349)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w21e h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l Leve<span class=\"_ _0\"></span>l 3 asse<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x81f y40ae w2f h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">34,861<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x820 y40ae w36 h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">1,949<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x821 y40ae w33 h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">(2,061)<span class=\"_ _3b2\"> </span></div></td></tr></table>1. <span class=\"_ _15\"> </span>O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er i<span class=\"_ _0\"></span>nve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s in<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>de L<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>el 3 e<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y se<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, in<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e s<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ip a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>nd o<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r tr<span class=\"_ _0\"></span>ad<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d de<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>t se<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s w<span class=\"_ _0\"></span>hi<span class=\"_ _0\"></span>ch a<span class=\"_ _0\"></span>re L<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>el 3<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e sensi<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>itie<span class=\"_ _0\"></span>s are not a func<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of sensiti<span class=\"_ _0\"></span>sing a sing<span class=\"_ _0\"></span>le vari<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e relatin<span class=\"_ _0\"></span>g to the valuatio<span class=\"_ _0\"></span>n of the asset<span class=\"_ _0\"></span>, but ra<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r a funct<span class=\"_ _0\"></span>ion of fl<span class=\"_ _0\"></span>exin<span class=\"_ _0\"></span>g multi<span class=\"_ _0\"></span>ple<span class=\"_ _0\"></span> factor<span class=\"_ _0\"></span>s of<span class=\"_ _0\"></span>ten at indiv<span class=\"_ _0\"></span>idua<span class=\"_ _0\"></span>l asset leve<span class=\"_ _0\"></span>l. T<span class=\"_ _0\"></span>he followi<span class=\"_ _0\"></span>ng sets ou<span class=\"_ _0\"></span>t a numb<span class=\"_ _0\"></span>er of key factors by asse<span class=\"_ _0\"></span>t ty<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>, and how the<span class=\"_ _0\"></span>y have bee<span class=\"_ _0\"></span>n flexe<span class=\"_ _0\"></span>d to derive<span class=\"_ _0\"></span> reasonable alt<span class=\"_ _1\"></span>ernative v<span class=\"_ _1\"></span>aluations.<span class=\"_ _3b2\"> </span>Lifetime<span class=\"_ _1\"></span> mortgages<span class=\"_ _3b2\"> </span>Key assu<span class=\"_ _0\"></span>mptio<span class=\"_ _0\"></span>ns us<span class=\"_ _0\"></span>ed in t<span class=\"_ _0\"></span>he valu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of lifetim<span class=\"_ _0\"></span>e mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tgag<span class=\"_ _0\"></span>e asse<span class=\"_ _0\"></span>ts are lis<span class=\"_ _0\"></span>ted in N<span class=\"_ _0\"></span>ote 1<span class=\"_ _1\"></span>2(ii)(<span class=\"_ _0\"></span>b) and sens<span class=\"_ _0\"></span>itiv<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>es are ap<span class=\"_ _0\"></span>pli<span class=\"_ _0\"></span>ed to de<span class=\"_ _0\"></span>rive th<span class=\"_ _0\"></span>e valu<span class=\"_ _0\"></span>es in<span class=\"_ _0\"></span> the ab<span class=\"_ _0\"></span>ove table<span class=\"_ _0\"></span>. The m<span class=\"_ _0\"></span>ost sig<span class=\"_ _0\"></span>nif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant sen<span class=\"_ _0\"></span>siti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ty by valu<span class=\"_ _0\"></span>e is -20<span class=\"_ _0\"></span>bps of market sp<span class=\"_ _0\"></span>read an<span class=\"_ _0\"></span>d over<span class=\"_ _0\"></span>valu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of prope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y valu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns by 1<span class=\"_ _1\"></span>0% acro<span class=\"_ _0\"></span>ss the<span class=\"_ _0\"></span> por<span class=\"_ _3\"></span>tfol<span class=\"_ _0\"></span>io whic<span class=\"_ _0\"></span>h, ap<span class=\"_ _0\"></span>plie<span class=\"_ _0\"></span>d in isolat<span class=\"_ _0\"></span>ion pro<span class=\"_ _0\"></span>du<span class=\"_ _0\"></span>ces se<span class=\"_ _0\"></span>nsi<span class=\"_ _0\"></span>tise<span class=\"_ _0\"></span>d values of \u00a3143<span class=\"_ _0\"></span>m and \u00a3(1<span class=\"_ _1\"></span>52)m<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Private<span class=\"_ _1\"></span> credit por<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>folios<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e sen<span class=\"_ _0\"></span>siti<span class=\"_ _0\"></span>vit<span class=\"_ _0\"></span>y i<span class=\"_ _0\"></span>n the p<span class=\"_ _0\"></span>rivate c<span class=\"_ _0\"></span>redi<span class=\"_ _0\"></span>t po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>folio h<span class=\"_ _0\"></span>as be<span class=\"_ _0\"></span>en d<span class=\"_ _0\"></span>eter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ed th<span class=\"_ _0\"></span>roug<span class=\"_ _0\"></span>h a met<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>d whic<span class=\"_ _0\"></span>h esti<span class=\"_ _0\"></span>mates inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent sp<span class=\"_ _0\"></span>read va<span class=\"_ _0\"></span>lue p<span class=\"_ _0\"></span>remi<span class=\"_ _0\"></span>um dif<span class=\"_ _0\"></span>fer<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span> as com<span class=\"_ _0\"></span>pare<span class=\"_ _0\"></span>d to the insti<span class=\"_ _0\"></span>tuti<span class=\"_ _0\"></span>onal inve<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent mar<span class=\"_ _0\"></span>ket<span class=\"_ _0\"></span>. Indiv<span class=\"_ _0\"></span>idu<span class=\"_ _0\"></span>al investm<span class=\"_ _0\"></span>ent c<span class=\"_ _0\"></span>hara<span class=\"_ _0\"></span>cter<span class=\"_ _0\"></span>isti<span class=\"_ _0\"></span>cs of each ho<span class=\"_ _0\"></span>ldi<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>, such as cre<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t rating an<span class=\"_ _0\"></span>d durati<span class=\"_ _0\"></span>on are use<span class=\"_ _0\"></span>d to determin<span class=\"_ _0\"></span>e spre<span class=\"_ _0\"></span>ad dif<span class=\"_ _0\"></span>feren<span class=\"_ _0\"></span>tials for the pu<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>s of determi<span class=\"_ _0\"></span>ning al<span class=\"_ _0\"></span>tern<span class=\"_ _0\"></span>ate values<span class=\"_ _0\"></span>. Spre<span class=\"_ _0\"></span>ad dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>ntials are de<span class=\"_ _0\"></span>term<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d to be lower for highl<span class=\"_ _0\"></span>y rated and<span class=\"_ _0\"></span>/or shor<span class=\"_ _3\"></span>ter duratio<span class=\"_ _0\"></span>n asse<span class=\"_ _0\"></span>ts as com<span class=\"_ _0\"></span>pare<span class=\"_ _0\"></span>d to lower rated and/or lon<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>r durati<span class=\"_ _0\"></span>on asse<span class=\"_ _0\"></span>ts. A sign<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ica<span class=\"_ _0\"></span>nt co<span class=\"_ _0\"></span>mpo<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>nt of the sprea<span class=\"_ _0\"></span>d dif<span class=\"_ _0\"></span>feren<span class=\"_ _0\"></span>tial is in relatio<span class=\"_ _0\"></span>n to the sele<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on of com<span class=\"_ _0\"></span>para<span class=\"_ _0\"></span>tor bon<span class=\"_ _0\"></span>ds, wh<span class=\"_ _0\"></span>ich is the p<span class=\"_ _0\"></span>otential dif<span class=\"_ _0\"></span>fer<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>e in spre<span class=\"_ _0\"></span>ad of the basket of relevan<span class=\"_ _0\"></span>t com<span class=\"_ _0\"></span>par<span class=\"_ _0\"></span>ators dete<span class=\"_ _0\"></span>rmi<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>d by resp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tive inves<span class=\"_ _0\"></span>tors<span class=\"_ _0\"></span>. If we were t<span class=\"_ _1\"></span>o take an A<span class=\"_ _0\"></span>A rated ass<span class=\"_ _0\"></span>et it may at<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>ct a sprea<span class=\"_ _0\"></span>d dif<span class=\"_ _0\"></span>feren<span class=\"_ _0\"></span>tial of 20b<span class=\"_ _0\"></span>ps on the se<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>ctio<span class=\"_ _0\"></span>n of com<span class=\"_ _0\"></span>parator b<span class=\"_ _0\"></span>ond<span class=\"_ _0\"></span>s as opp<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>d to 40<span class=\"_ _0\"></span>bp<span class=\"_ _0\"></span>s for a similar dur<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n BBB rate<span class=\"_ _0\"></span>d asset<span class=\"_ _0\"></span>. Ap<span class=\"_ _0\"></span>plie<span class=\"_ _0\"></span>d in isola<span class=\"_ _0\"></span>tion th<span class=\"_ _0\"></span>e sensi<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y use<span class=\"_ _0\"></span>d to refle<span class=\"_ _0\"></span>ct the sp<span class=\"_ _0\"></span>read in co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>arator bo<span class=\"_ _0\"></span>nd sel<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tion res<span class=\"_ _0\"></span>ults in se<span class=\"_ _0\"></span>nsi<span class=\"_ _0\"></span>tise<span class=\"_ _0\"></span>d values of \u00a3<span class=\"_ _0\"></span>23<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>m and \u00a3(23<span class=\"_ _0\"></span>8)m<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Inv<span class=\"_ _1\"></span>estment property<span class=\"_ _3b2\"> </span>Invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>y hol<span class=\"_ _0\"></span>ding<span class=\"_ _0\"></span>s are valu<span class=\"_ _0\"></span>ed by in<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>nt valu<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s on th<span class=\"_ _0\"></span>e basis of o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>n mar<span class=\"_ _0\"></span>ket valu<span class=\"_ _0\"></span>e as def<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>ed in t<span class=\"_ _0\"></span>he ap<span class=\"_ _0\"></span>prais<span class=\"_ _0\"></span>al and v<span class=\"_ _0\"></span>aluati<span class=\"_ _0\"></span>on manu<span class=\"_ _0\"></span>al of the Royal Insti<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>te of <span class=\"_ _1\"></span>Char<span class=\"_ _3\"></span>tered S<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>vey<span class=\"_ _0\"></span>ors (R<span class=\"_ _0\"></span>IC<span class=\"_ _0\"></span>S). As suc<span class=\"_ _0\"></span>h, se<span class=\"_ _0\"></span>nsi<span class=\"_ _0\"></span>tivi<span class=\"_ _0\"></span>ties are c<span class=\"_ _0\"></span>alc<span class=\"_ _0\"></span>ulated thro<span class=\"_ _0\"></span>ug<span class=\"_ _0\"></span>h a mix<span class=\"_ _0\"></span>ture of asset le<span class=\"_ _0\"></span>vel and po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>foli<span class=\"_ _0\"></span>o level m<span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>olo<span class=\"_ _0\"></span>gie<span class=\"_ _0\"></span>s whic<span class=\"_ _0\"></span>h make refere<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e to indiv<span class=\"_ _0\"></span>idu<span class=\"_ _0\"></span>al inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt ch<span class=\"_ _0\"></span>arac<span class=\"_ _0\"></span>teris<span class=\"_ _0\"></span>tic<span class=\"_ _0\"></span>s of the h<span class=\"_ _0\"></span>old<span class=\"_ _0\"></span>ing b<span class=\"_ _0\"></span>ut do n<span class=\"_ _0\"></span>ot f<span class=\"_ _0\"></span>lex in<span class=\"_ _0\"></span>div<span class=\"_ _0\"></span>idua<span class=\"_ _0\"></span>l assu<span class=\"_ _0\"></span>mptio<span class=\"_ _0\"></span>ns us<span class=\"_ _0\"></span>ed by the ind<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>den<span class=\"_ _0\"></span>t expe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t in valui<span class=\"_ _0\"></span>ng the ho<span class=\"_ _0\"></span>ldi<span class=\"_ _0\"></span>ngs<span class=\"_ _0\"></span>. Eac<span class=\"_ _0\"></span>h meth<span class=\"_ _0\"></span>od is app<span class=\"_ _0\"></span>lie<span class=\"_ _0\"></span>d indiv<span class=\"_ _0\"></span>idu<span class=\"_ _0\"></span>ally an<span class=\"_ _0\"></span>d aggre<span class=\"_ _0\"></span>gated wit<span class=\"_ _0\"></span>h equa<span class=\"_ _0\"></span>l weighti<span class=\"_ _0\"></span>ng to determ<span class=\"_ _0\"></span>ine the ove<span class=\"_ _0\"></span>rall sens<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>vit<span class=\"_ _0\"></span>y de<span class=\"_ _0\"></span>term<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d for the por<span class=\"_ _3\"></span>tfol<span class=\"_ _0\"></span>io. On<span class=\"_ _0\"></span>e meth<span class=\"_ _0\"></span>od is simi<span class=\"_ _0\"></span>lar to that used in th<span class=\"_ _0\"></span>e private cre<span class=\"_ _0\"></span>dit p<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>tfoli<span class=\"_ _0\"></span>o as it deter<span class=\"_ _0\"></span>mine<span class=\"_ _0\"></span>s the imp<span class=\"_ _0\"></span>act of an alter<span class=\"_ _0\"></span>nate prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ty y<span class=\"_ _0\"></span>ield d<span class=\"_ _0\"></span>eter<span class=\"_ _0\"></span>mine<span class=\"_ _0\"></span>d in referen<span class=\"_ _0\"></span>ce to credi<span class=\"_ _0\"></span>t ratin<span class=\"_ _0\"></span>gs<span class=\"_ _0\"></span>, remain<span class=\"_ _0\"></span>ing ter<span class=\"_ _0\"></span>m and othe<span class=\"_ _0\"></span>r char<span class=\"_ _0\"></span>acter<span class=\"_ _0\"></span>isti<span class=\"_ _0\"></span>cs of eac<span class=\"_ _0\"></span>h holdi<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>. In this meth<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>olo<span class=\"_ _0\"></span>gy we would<span class=\"_ _0\"></span> appl<span class=\"_ _0\"></span>y a lowe<span class=\"_ _0\"></span>r yie<span class=\"_ _0\"></span>ld se<span class=\"_ _0\"></span>nsit<span class=\"_ _0\"></span>ivi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y to a highl<span class=\"_ _0\"></span>y rated an<span class=\"_ _0\"></span>d/or sho<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ter re<span class=\"_ _0\"></span>mai<span class=\"_ _0\"></span>ning ter<span class=\"_ _0\"></span>m ass<span class=\"_ _0\"></span>et c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>ared w<span class=\"_ _0\"></span>ith a l<span class=\"_ _0\"></span>ower rated a<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>/<span class=\"_ _1\"></span>or l<span class=\"_ _0\"></span>ong<span class=\"_ _0\"></span>er re<span class=\"_ _0\"></span>main<span class=\"_ _0\"></span>ing ter<span class=\"_ _0\"></span>m asse<span class=\"_ _0\"></span>t. If we were to take <span class=\"_ _1\"></span>an A<span class=\"_ _3\"></span>A rated asset wi<span class=\"_ _0\"></span>th remai<span class=\"_ _0\"></span>ning ter<span class=\"_ _0\"></span>m of 25 years in nor<span class=\"_ _0\"></span>mal mar<span class=\"_ _0\"></span>ket con<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s this would le<span class=\"_ _0\"></span>ad to a <span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>5bps yi<span class=\"_ _0\"></span>eld f<span class=\"_ _0\"></span>lex (as opp<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>d to <span class=\"_ _1\"></span>a 35bps yi<span class=\"_ _0\"></span>eld fl<span class=\"_ _0\"></span>ex for a <span class=\"_ _1\"></span>BBB rated asse<span class=\"_ _0\"></span>t with a 30 year remainin<span class=\"_ _0\"></span>g term). <span class=\"_ _1\"></span>The me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>dol<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>y which lea<span class=\"_ _0\"></span>ds to <span class=\"_ _1\"></span>the most sig<span class=\"_ _0\"></span>nif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant sensi<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> at<span class=\"_ gsec\"> </span>the bal<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e she<span class=\"_ _0\"></span>et date is related to an exampl<span class=\"_ _0\"></span>e in case law whe<span class=\"_ _0\"></span>re it was found that an ac<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ptab<span class=\"_ _0\"></span>le margi<span class=\"_ _0\"></span>n of error in a valu<span class=\"_ _0\"></span>ation dis<span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>te is 1<span class=\"_ _1\"></span>0% eit<span class=\"_ _0\"></span>her way, subjec<span class=\"_ _0\"></span>t to the valuatio<span class=\"_ _0\"></span>n bei<span class=\"_ _0\"></span>ng und<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>taken with du<span class=\"_ _0\"></span>e care<span class=\"_ _0\"></span>. If this sensi<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y were to be taken with<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>t a weightin<span class=\"_ _0\"></span>g it would pr<span class=\"_ _0\"></span>odu<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span> sens<span class=\"_ _0\"></span>itis<span class=\"_ _0\"></span>ed valu<span class=\"_ _0\"></span>es of \u00a356<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>m and \u00a3<span class=\"_ _0\"></span>(56<span class=\"_ _0\"></span>4)m<span class=\"_ _0\"></span>. It sho<span class=\"_ _0\"></span>uld be n<span class=\"_ _0\"></span>oted that som<span class=\"_ _0\"></span>e sens<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>viti<span class=\"_ _0\"></span>es des<span class=\"_ _0\"></span>cr<span class=\"_ _0\"></span>ibe<span class=\"_ _0\"></span>d above are no<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>lin<span class=\"_ _0\"></span>ear, and larger o<span class=\"_ _0\"></span>r small<span class=\"_ _0\"></span>er imp<span class=\"_ _0\"></span>acts sh<span class=\"_ _0\"></span>oul<span class=\"_ _0\"></span>d not be inter<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>lated or ex<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>apo<span class=\"_ _0\"></span>lated<span class=\"_ _0\"></span> from th<span class=\"_ _0\"></span>ese resu<span class=\"_ _0\"></span>lts<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFairValueMeasurementExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-652": {
   "value": "13<span class=\"ls8d ws0\">. <span class=\"_ _14\"> </span>Der<span class=\"_ _0\"></span>iva<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>e assets and liab<span class=\"_ _1\"></span>il<span class=\"_ _0\"></span>ities<span class=\"_ _3b2\"> </span></span>Th<span class=\"_ _0\"></span>e Group us<span class=\"_ _0\"></span>es der<span class=\"_ _0\"></span>ivati<span class=\"_ _0\"></span>ves as a com<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>nen<span class=\"_ _0\"></span>t of eff<span class=\"_ _0\"></span>ici<span class=\"_ _0\"></span>ent po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>folio ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>. This in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>des<span class=\"_ _0\"></span>, bu<span class=\"_ _0\"></span>t is not limited to, he<span class=\"_ _0\"></span>dgin<span class=\"_ _0\"></span>g ec<span class=\"_ _0\"></span>ono<span class=\"_ _0\"></span>mic ex<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>ure to foreig<span class=\"_ _0\"></span>n cur<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>, interes<span class=\"_ _0\"></span>t rates, inf<span class=\"_ _0\"></span>lati<span class=\"_ _0\"></span>on and c<span class=\"_ _0\"></span>redi<span class=\"_ _0\"></span>t risks<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p uses he<span class=\"_ _0\"></span>dge ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>unti<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>, provid<span class=\"_ _0\"></span>ed the pre<span class=\"_ _0\"></span>sc<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>ed cr<span class=\"_ _0\"></span>iter<span class=\"_ _0\"></span>ia in IF<span class=\"_ _0\"></span>RS 9, \u2018Fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial<span class=\"_ _0\"></span> Inst<span class=\"_ _0\"></span>rum<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts\u2019 are met<span class=\"_ _0\"></span>, to reco<span class=\"_ _0\"></span>gnise th<span class=\"_ _0\"></span>e offs<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g effe<span class=\"_ _0\"></span>cts of chan<span class=\"_ _0\"></span>ges in th<span class=\"_ _0\"></span>e fair value or c<span class=\"_ _0\"></span>ash fl<span class=\"_ _0\"></span>ow of the der<span class=\"_ _0\"></span>ivative in<span class=\"_ _0\"></span>str<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ent and th<span class=\"_ _0\"></span>e hed<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>d item.<span class=\"_ _0\"></span> Cross<span class=\"_ _0\"></span>-c<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>ency s<span class=\"_ _0\"></span>wap contr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>s \u2013 cash f<span class=\"_ _3\"></span>low hedges<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Group ha<span class=\"_ _0\"></span>s entere<span class=\"_ _0\"></span>d into fixed rate bo<span class=\"_ _0\"></span>rrowi<span class=\"_ _0\"></span>ngs de<span class=\"_ _0\"></span>no<span class=\"_ _0\"></span>minated in U<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>D and is therefo<span class=\"_ _0\"></span>re expo<span class=\"_ _0\"></span>sed to foreig<span class=\"_ _0\"></span>n exchan<span class=\"_ _0\"></span>ge and inter<span class=\"_ _0\"></span>est rate risk<span class=\"_ _0\"></span>s. In orde<span class=\"_ _0\"></span>r to hedg<span class=\"_ _0\"></span>e these r<span class=\"_ _0\"></span>isks the Gro<span class=\"_ _0\"></span>up has en<span class=\"_ _0\"></span>tered into cro<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>urr<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>y interes<span class=\"_ _0\"></span>t rate swaps, en<span class=\"_ _0\"></span>abli<span class=\"_ _0\"></span>ng the exp<span class=\"_ _0\"></span>osu<span class=\"_ _0\"></span>re to be swappe<span class=\"_ _0\"></span>d into a fixed rate in<span class=\"_ gsec\"> </span>its fu<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>al cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cy. These had a ne<span class=\"_ _0\"></span>t asset fair valu<span class=\"_ _0\"></span>e totalling \u00a342m (20<span class=\"_ _0\"></span>23<span class=\"_ _0\"></span>: \u00a321m<span class=\"_ _1\"></span>) and a notiona<span class=\"_ _0\"></span>l amou<span class=\"_ _0\"></span>nt of \u00a31<span class=\"_ _1\"></span>,0<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>9m at 31 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>24 (202<span class=\"_ _0\"></span>3: \u00a31,0<span class=\"_ _0\"></span>99<span class=\"_ _0\"></span>m). There was no inef<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>vene<span class=\"_ _0\"></span>ss rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in the inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e statem<span class=\"_ _0\"></span>ent in res<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ct of these h<span class=\"_ _0\"></span>edg<span class=\"_ _0\"></span>es dur<span class=\"_ _0\"></span>ing 20<span class=\"_ _0\"></span>24<span class=\"_ _0\"></span>. Ot<span class=\"_ _0\"></span>her der<span class=\"_ _0\"></span>ivat<span class=\"_ _0\"></span>ive contrac<span class=\"_ _0\"></span>ts \u2013 held for trad<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p use<span class=\"_ _0\"></span>s ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tai<span class=\"_ _0\"></span>n der<span class=\"_ _0\"></span>ivati<span class=\"_ _0\"></span>ve co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts wh<span class=\"_ _0\"></span>ich a<span class=\"_ _0\"></span>re ef<span class=\"_ _0\"></span>fect<span class=\"_ _0\"></span>ive he<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>es of ec<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>omi<span class=\"_ _0\"></span>c exp<span class=\"_ _0\"></span>osure<span class=\"_ _0\"></span>s in ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>rdan<span class=\"_ _0\"></span>ce wi<span class=\"_ _0\"></span>th th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up\u2019s risk ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent pol<span class=\"_ _0\"></span>icy, but for vario<span class=\"_ _0\"></span>us reas<span class=\"_ _0\"></span>ons are not de<span class=\"_ _0\"></span>sign<span class=\"_ _0\"></span>ated withi<span class=\"_ _0\"></span>n a formal he<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>e acc<span class=\"_ _0\"></span>ount<span class=\"_ _0\"></span>ing rel<span class=\"_ _0\"></span>ation<span class=\"_ _0\"></span>ship<span class=\"_ _0\"></span>. The<span class=\"_ _0\"></span>refore, th<span class=\"_ _0\"></span>ese co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>acts mu<span class=\"_ _0\"></span>st be de<span class=\"_ _0\"></span>sign<span class=\"_ _0\"></span>ated as held for tr<span class=\"_ _0\"></span>adin<span class=\"_ _0\"></span>g, and ga<span class=\"_ _0\"></span>ins and lo<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s on thes<span class=\"_ _0\"></span>e cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>ts are rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ised im<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>diatel<span class=\"_ _0\"></span>y in the Co<span class=\"_ _0\"></span>nsol<span class=\"_ _0\"></span>idated In<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me S<span class=\"_ _0\"></span>tate<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t.<span class=\"_ _3b2\"> </span><table class=\"s w17d h15b\" id=\"_94192493-804b-40c6-a88f-65bcb5a0ff22\"><tr><td></td><td class=\"c n x435 y4369 w21f h128\"><div class=\"t m2 x1ca hf y415b ff6 fs9 fc1 sc0 ls18 ws32\">Fai<span class=\"_ _0\"></span>r val<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x822 y436a w220 h11e\"><div class=\"t m2 x1ca hf y40a7 ff3 fs9 fc1 sc0 ls89 ws3c\">Fair values<span class=\"_ _3b2\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c x824 y436b w221 h123\"><div class=\"t m2 x1ca h13 y4151 ff5 fs9 fc1 sc0 ls3d ws131\">Assets</div><div class=\"t m2 x823 h99 y41b3 ff5 fs1b fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c x826 y436b w222 h123\"><div class=\"t m2 x1ca h13 y4151 ff5 fs9 fc1 sc0 ls88 ws8d\">Liabilities</div><div class=\"t m2 x825 h99 y41b3 ff5 fs1b fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c x828 y436c w223 h11e\"><div class=\"t m2 x1ca hf y415b ff3 fs9 fc1 sc0 ls1 ws0\">Assets</div><div class=\"t m2 x827 ha4 y41ad ff3 fs1b fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c x580 y436c w17f h11e\"><div class=\"t m2 x1ca hf y415b ff3 fs9 fc1 sc0 ls168 ws183\">Liabilities</div><div class=\"t m2 x57f ha4 y41ad ff3 fs1b fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td></tr><tr><td></td><td class=\"t m2 x430 h13 y436d ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x431 h13 y436d ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c6 hf y436d ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y436d ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x432 h13 y436e ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x433 h13 y436e ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 hf y436e ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y436e ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 hb y436f ff6 fs6 fc1 sc0 ls1 ws0\">Shareholder derivativ<span class=\"_ _1\"></span>es:<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y40b2 w224 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Inte<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>t rate c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>cts \u2013 h<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>d for tr<span class=\"_ _0\"></span>adi<span class=\"_ _0\"></span>ng<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x763 y40b2 w2f h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">38,914<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x81f y40b2 w2f h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">39,895<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x829 y40b2 w3e h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">31,411<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x82a y40b2 w3e h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">33,580<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4163 w225 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">For<span class=\"_ _3\"></span>ward for<span class=\"_ _0\"></span>eig<span class=\"_ _0\"></span>n exc<span class=\"_ _0\"></span>han<span class=\"_ _0\"></span>ge c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>cts \u2013 h<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>d for t<span class=\"_ _0\"></span>rad<span class=\"_ _0\"></span>ing<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x82b y4163 w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">35<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x82c y4163 w70 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">31<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x82d y4163 w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">26<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x82e y4163 w50 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40b4 w226 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Cur<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>y swap c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s \u2013 he<span class=\"_ _0\"></span>ld for t<span class=\"_ _0\"></span>rad<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x82f y40b4 w36 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,009<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x830 y40b4 w36 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,323<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x831 y40b4 w37 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,624<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x832 y40b4 w30 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,750<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4166 w227 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Cur<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>y swap c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s \u2013 cas<span class=\"_ _0\"></span>h f<span class=\"_ _0\"></span>low h<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>ges<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x833 y4166 w70 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">42<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x834 y4166 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x835 y4166 w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">24<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x836 y4166 w75 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40b6 w228 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Inf<span class=\"_ _0\"></span>lati<span class=\"_ _0\"></span>on s<span class=\"_ _0\"></span>wap c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>cts \u2013 h<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>d for tr<span class=\"_ _0\"></span>adi<span class=\"_ _0\"></span>ng<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x837 y40b6 w36 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">9,176<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x761 y40b6 w2f h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">11,595<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7ac y40b6 w30 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">4,704<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x838 y40b6 w37 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">4,827<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4370 w229 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Inf<span class=\"_ _0\"></span>lati<span class=\"_ _0\"></span>on r<span class=\"_ _0\"></span>ate co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>ts \u2013 h<span class=\"_ _0\"></span>eld fo<span class=\"_ _0\"></span>r tr<span class=\"_ _0\"></span>adi<span class=\"_ _0\"></span>ng<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x839 y4370 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x83a y4370 wa6 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x83b y4370 w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">96<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x573 y4370 w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">30<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41cd w22a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Cre<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t de<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>vati<span class=\"_ _0\"></span>ves \u2013 h<span class=\"_ _0\"></span>eld fo<span class=\"_ _0\"></span>r tr<span class=\"_ _0\"></span>adi<span class=\"_ _0\"></span>ng<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x83c y41cd wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x83d y41cd w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">18<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x83e y41cd wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x83f y41cd w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">21<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41ce w22b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y/i<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>x de<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>vati<span class=\"_ _0\"></span>ves \u2013 h<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>d for tr<span class=\"_ _0\"></span>adi<span class=\"_ _0\"></span>ng<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x840 y41ce wa8 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6c8 y41ce wa8 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x841 y41ce w50 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x842 y41ce w50 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41cf w22c h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">O<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r de<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>vati<span class=\"_ _0\"></span>ves \u2013 h<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>d for tr<span class=\"_ _0\"></span>adi<span class=\"_ _0\"></span>ng<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x843 y41cf w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">17<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x844 y41cf w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">408<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x845 y41cf w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">133<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x846 y41cf w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">278<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y42f1 w22d h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> shareholder <span class=\"_ _1\"></span>derivatives<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x847 y42f1 w93 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">49,195<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x848 y42f1 w2f h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">54,274<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x849 y42f1 wd3 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">38,019<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x84a y42f1 w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">40,499<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 hb y4371 ff6 fs6 fc1 sc0 ls56 ws55\">Un<span class=\"_ _0\"></span>it li<span class=\"_ _0\"></span>nke<span class=\"_ _0\"></span>d de<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ves:<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y40bd w224 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Inte<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>t rate c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>cts \u2013 h<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>d for tr<span class=\"_ _0\"></span>adi<span class=\"_ _0\"></span>ng<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x49d y40bd w4a h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">564<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x84b y40bd w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,082<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x84c y40bd w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,133<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x654 y40bd w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">335<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y416e w225 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">For<span class=\"_ _3\"></span>ward for<span class=\"_ _0\"></span>eig<span class=\"_ _0\"></span>n exc<span class=\"_ _0\"></span>han<span class=\"_ _0\"></span>ge c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>cts \u2013 h<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>d for t<span class=\"_ _0\"></span>rad<span class=\"_ _0\"></span>ing<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x84d y416e w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">558<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x830 y416e w36 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">1,077<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x84e y416e w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">815<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x84f y416e w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">420<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y417f w22a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Cre<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t de<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>vati<span class=\"_ _0\"></span>ves \u2013 h<span class=\"_ _0\"></span>eld fo<span class=\"_ _0\"></span>r tr<span class=\"_ _0\"></span>adi<span class=\"_ _0\"></span>ng<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x850 y417f w59 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x2a1 y417f w59 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x851 y417f w50 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x852 y417f w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">16<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4170 w228 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Inf<span class=\"_ _0\"></span>lati<span class=\"_ _0\"></span>on s<span class=\"_ _0\"></span>wap c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>cts \u2013 h<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>d for tr<span class=\"_ _0\"></span>adi<span class=\"_ _0\"></span>ng<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x853 y4170 w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">758<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x75d y4170 w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">175<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x854 y4170 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">170<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x855 y4170 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">143<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4180 w229 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Inf<span class=\"_ _0\"></span>lati<span class=\"_ _0\"></span>on r<span class=\"_ _0\"></span>ate co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>ts \u2013 h<span class=\"_ _0\"></span>eld fo<span class=\"_ _0\"></span>r tr<span class=\"_ _0\"></span>adi<span class=\"_ _0\"></span>ng<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x839 y4180 wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x83a y4180 wa6 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x856 y4180 wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x857 y4180 w50 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y419a w22b h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y/i<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>x de<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>vati<span class=\"_ _0\"></span>ves \u2013 h<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>d for tr<span class=\"_ _0\"></span>adi<span class=\"_ _0\"></span>ng<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x858 y419a w7b h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">37<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x859 y419a w4a h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">228<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x85a y419a w4b h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">969<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x85b y419a w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,221<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4183 w22c h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">O<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r de<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>vati<span class=\"_ _0\"></span>ves \u2013 h<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>d for tr<span class=\"_ _0\"></span>adi<span class=\"_ _0\"></span>ng<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x843 y4183 w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">78<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x85c y4183 w70 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">36<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x85d y4183 w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">27<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x564 y4183 w4b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">185<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ac w22e h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l un<span class=\"_ _0\"></span>it li<span class=\"_ _0\"></span>nke<span class=\"_ _0\"></span>d de<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>vat<span class=\"_ _0\"></span>ive<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x85e y40ac w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,997<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x85f y40ac w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">3,599<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x860 y40ac w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,121<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x861 y40ac w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,322<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w22f h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l de<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>vat<span class=\"_ _0\"></span>ive as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d lia<span class=\"_ _0\"></span>bil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x862 y40ae w2f h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">51,192<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x863 y40ae w93 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">57,873<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x864 y40ae w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">41,140<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x865 y40ae w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">43,821<span class=\"_ _3b2\"> </span></div></td></tr></table>1. <span class=\"_ _15\"> </span>De<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>ted i<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e C<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d B<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e Sh<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>et w<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>in F<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>l in<span class=\"_ _0\"></span>ves<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>nd i<span class=\"_ _0\"></span>nve<span class=\"_ _0\"></span>s<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>p<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ty (<span class=\"_ _0\"></span>N<span class=\"_ _0\"></span>ote 12).<span class=\"_ _3b2\"> </span>2. <span class=\"_ _15\"> </span>De<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve l<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>bi<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>re r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d i<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e C<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>da<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d Ba<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ce S<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>hi<span class=\"_ _0\"></span>n P<span class=\"_ _0\"></span>aya<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r fi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>l li<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s (<span class=\"_ _0\"></span>No<span class=\"_ _0\"></span>te 25<span class=\"_ _0\"></span>).<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>tual un<span class=\"_ _0\"></span>disc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ted cash f<span class=\"_ _0\"></span>lows in relat<span class=\"_ _0\"></span>ion to non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>nit lin<span class=\"_ _0\"></span>ked der<span class=\"_ _0\"></span>ivati<span class=\"_ _0\"></span>ves have the followi<span class=\"_ _0\"></span>ng matu<span class=\"_ _0\"></span>rit<span class=\"_ _0\"></span>y prof<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>e. Uni<span class=\"_ _0\"></span>t linked de<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>vatives have<span class=\"_ _0\"></span> not be<span class=\"_ _0\"></span>en in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>ded as sha<span class=\"_ _0\"></span>reh<span class=\"_ _0\"></span>old<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s are not direc<span class=\"_ _0\"></span>tly exp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ed to liquidi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y risks<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span><table class=\"s w230 h15c\" id=\"_97093b85-6180-420b-af8e-a7521c909db6\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t m2 x866 h13 y4372 ff5 fs9 fc1 sc0 ls18 ws0\">Ma<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>le o<span class=\"_ _0\"></span>f u<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ed c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sh f<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>ws<span class=\"_ _3b2\"> </span></td><td></td><td></td></tr><tr><td></td><td class=\"t m2 x496 h13 y4373 ff6 fs9 fc1 sc0 ls18 ws32\">Fai<span class=\"_ _0\"></span>r val<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x460 h13 y4373 ff5 fs9 fc1 sc0 ls18 ws0\">Wi<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n 1 yea<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x497 h13 y4373 ff5 fs9 fc1 sc0 ls32 ws8a\">1-5<span class=\"_ _0\"></span> ye<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x867 h13 y4373 ff5 fs9 fc1 sc0 ls184 ws19a\">5<span class=\"_ _0\"></span>-1<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span> y<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _3\"></span>s<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x499 h13 y4373 ff5 fs9 fc1 sc0 lsc3 wsc7\">15<span class=\"_ _0\"></span>-2<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span> y<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _3\"></span>s<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x288 h13 y4373 ff6 fs9 fc1 sc0 ls18 ws32\">Ove<span class=\"_ _0\"></span>r 25 yea<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 h13 y4373 ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 h13 y4374 ff5 fs9 fc1 sc0 ls18 ws0\">As a<span class=\"_ _0\"></span>t 31 De<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>4<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x321 h13 y4374 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x464 h13 y4374 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x432 h13 y4374 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x465 h13 y4374 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x466 h13 y4374 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x467 h13 y4374 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 h13 y4374 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 hb y4375 ff5 fs6 fc1 sc0 ls4f ws128\">Cash infl<span class=\"_ _1\"></span>ows<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m2 x206 hb y4376 ff6 fs6 fc1 sc0 ls1 ws0\">Shareholder derivativ<span class=\"_ _1\"></span>es </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y42f3 w1fd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls112 ws1e\">Der<span class=\"_ _0\"></span>ivative assets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x868 y42f3 w2f h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">49,195<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x869 y42f3 w215 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">23,319<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x86a y42f3 w2f h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">57,912<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x86b y42f3 w2f h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">75,704<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x86c y42f3 w2f h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">33,823<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x86d y42f3 w2f h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">18,909<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x86e y42f3 w89 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">209,667<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4377 w231 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls112 ws1e\">Der<span class=\"_ _0\"></span>ivative liabiliti<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x86f y4377 w44 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(54,274)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x870 y4377 w2f h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">14,840<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x871 y4377 w2f h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">39,656<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x872 y4377 w2f h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">53,019<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x873 y4377 w2f h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">23,103<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x874 y4377 w2f h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">14,275<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x875 y4377 w89 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">144,893<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40bf w21b h11b\"><div class=\"t m2 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls1 ws0\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x876 y40bf w33 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">(5,079)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x877 y40bf w2f h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">38,159<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x878 y40bf w2f h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">97,568<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x879 y40bf w89 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">128,723<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x87a y40bf w2f h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">56,926<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x87b y40bf w2f h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">33,184<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x87c y40bf w89 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">354,560<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 hb y4378 ff5 fs6 fc1 sc0 ls4f ws128\">Cash outflo<span class=\"_ _1\"></span>ws<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m2 x206 hb y4379 ff6 fs6 fc1 sc0 ls1 ws0\">Shareholder derivativ<span class=\"_ _1\"></span>es </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y41c7 w1fd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls112 ws1e\">Der<span class=\"_ _0\"></span>ivative assets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x868 y41c7 w2f h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">49,195<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x87d y41c7 w44 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(15,374)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x87e y41c7 w44 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(40,194)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x87f y41c7 w44 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(49,928)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x880 y41c7 w44 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(22,692)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x881 y41c7 w44 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(14,175)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x882 y41c7 w232 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(142,363)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y419e w231 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls112 ws1e\">Der<span class=\"_ _0\"></span>ivative liabiliti<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x86f y419e w44 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(54,274)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x883 y419e w44 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(23,758)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x884 y419e w44 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(60,276)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x885 y419e w44 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(80,320)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x886 y419e w44 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(35,843)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x887 y419e wd7 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(23,122)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x888 y419e w233 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(223,319)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ac w21b h11b\"><div class=\"t m2 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls1 ws0\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x889 y40ac w33 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">(5,079)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x88a y40ac w44 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">(39,132)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x88b y40ac w233 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">(100,470)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x88c y40ac w232 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">(130,248)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x88d y40ac w44 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">(58,535)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x88e y40ac w44 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">(37,297)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x88f y40ac w233 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">(365,682)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w234 h11b\"><div class=\"t m2 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls56 ws0\">Ne<span class=\"_ _0\"></span>t c<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>h fl<span class=\"_ _0\"></span>ows<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x890 y40ae w3a h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">(973)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x891 y40ae w33 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">(2,902)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x892 y40ae w33 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">(1,525)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x893 y40ae w33 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">(1,609)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x894 y40ae w33 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">(4,113)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x895 y40ae wd7 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">(11,122)<span class=\"_ _3b2\"> </span></div></td></tr></table><table class=\"s w235 h15d\" id=\"_f92847b0-9c7e-43c9-a799-76e4783a7f20\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x896 hf y437a ff3 fs9 fc1 sc0 ls18 ws0\">Mat<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y p<span class=\"_ _0\"></span>rof<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>e of un<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>sc<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nte<span class=\"_ _0\"></span>d cas<span class=\"_ _0\"></span>h f<span class=\"_ _0\"></span>low<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x897 hf y437b ff3 fs9 fc1 sc0 ls89 ws3c\">Fair values<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x4e5 hf y437b ff3 fs9 fc1 sc0 ls18 ws0\">Wi<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>in 1 ye<span class=\"_ _0\"></span>ar<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x3ef hf y437b ff3 fs9 fc1 sc0 ls28 wsc0\">1-5<span class=\"_ _0\"></span> ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x4ec hf y437b ff3 fs9 fc1 sc0 ls184 ws19a\">5<span class=\"_ _3\"></span>-15<span class=\"_ _0\"></span> y<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x287 hf y437b ff3 fs9 fc1 sc0 ls184 ws19a\">15<span class=\"_ _3\"></span>-<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span> y<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _3\"></span>s<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x495 hf y437b ff3 fs9 fc1 sc0 ls18 ws0\">Ov<span class=\"_ _0\"></span>er 25 y<span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c7 hf y437b ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 hf y437c ff3 fs9 fc1 sc0 ls18 ws0\">As a<span class=\"_ _0\"></span>t 31 De<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>3<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x321 hf y437c ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x464 hf y437c ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x432 hf y437c ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x465 hf y437c ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x466 hf y437c ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x467 hf y437c ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 hf y437c ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 h1a y437d ff3 fs6 fc1 sc0 ls94 ws63\">Cash i<span class=\"_ _0\"></span>nflows<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x206 h1a y437e ff3 fs6 fc1 sc0 ls11b ws2a\">Shareholder deriv<span class=\"_ _1\"></span>atives </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y40bd w1fd h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls112 ws1e\">Der<span class=\"_ _0\"></span>ivative assets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x898 y40bd w3e h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">38,019<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x899 y40bd w3e h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">17,833<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x89a y40bd w3e h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">35,787<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x89b y40bd w3e h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">47,562<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x89c y40bd w3e h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">21,119<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x89d y40bd w3e h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">11,069<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x89e y40bd w82 h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">133,370<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40be w231 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls112 ws1e\">Der<span class=\"_ _0\"></span>ivative liabiliti<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x89f y40be w45 h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">(40,499)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8a0 y40be wc5 h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">9,304<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8a1 y40be w3e h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">21,883<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8a2 y40be w3e h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">30,447<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8a3 y40be w3e h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">16,349<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8a4 y40be w3e h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">10,039<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8a5 y40be w3e h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">88,022<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40bf w236 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls15e ws179\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8a6 y40bf w34 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(2,480)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8a7 y40bf w237 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">27,137<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8a8 y40bf w3e h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">57,670<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8a9 y40bf w3e h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">78,009<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8aa y40bf w3e h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">37,468<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8ab y40bf w3e h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">21,108<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8ac y40bf w82 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">221,392<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 h1a y437f ff3 fs6 fc1 sc0 ls94 ws63\">Cash o<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>fl<span class=\"_ _0\"></span>ows<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x206 h1a y4380 ff3 fs6 fc1 sc0 ls11b ws2a\">Shareholder deriv<span class=\"_ _1\"></span>atives </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y40c2 w1fd h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls112 ws1e\">Der<span class=\"_ _0\"></span>ivative assets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x898 y40c2 w3e h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">38,019<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8ad y40c2 w45 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(13,483)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8ae y40c2 w45 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(27,576)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8af y40c2 w45 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(35,293)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8b0 y40c2 wd5 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(16,054)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8b1 y40c2 w34 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(8,684)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8b2 y40c2 w238 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(101,090)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w231 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls112 ws1e\">Der<span class=\"_ _0\"></span>ivative liabiliti<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x89f y4121 w45 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(40,499)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8b3 y4121 w45 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(15,136)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8b4 y4121 w45 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(33,435)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8b5 y4121 wd5 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(45,924)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8b6 y4121 w45 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(22,714)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8b7 y4121 w45 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(13,121)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8b8 y4121 w238 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(130,330)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4158 w236 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls15e ws179\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8b9 y4158 w34 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(2,480)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8ba y4158 w45 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(28,619)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8bb y4158 w45 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(61,011)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8bc y4158 wd5 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(81,217)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8bd y4158 w45 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(38,768)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8be y4158 w45 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(21,805)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x60a y4158 w238 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(231,420)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w239 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Ne<span class=\"_ _0\"></span>t cas<span class=\"_ _0\"></span>h fl<span class=\"_ _0\"></span>ows<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x8bf y40ae w34 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(1,482)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8c0 y40ae w34 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(3,341)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8c1 y40ae w34 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(3,208)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8c2 y40ae w34 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(1,300)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8c3 y40ae w3b h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(697)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8c4 y40ae w45 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(10,028)<span class=\"_ _3b2\"> </span></div></td></tr></table>Future c<span class=\"_ _0\"></span>ash fl<span class=\"_ _0\"></span>ows on the f<span class=\"_ _0\"></span>loati<span class=\"_ _0\"></span>ng le<span class=\"_ _0\"></span>gs of interest rate and exch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e der<span class=\"_ _0\"></span>ivati<span class=\"_ _0\"></span>ves are calc<span class=\"_ _0\"></span>ulate<span class=\"_ _0\"></span>d using cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nt spot rates<span class=\"_ _0\"></span>, whic<span class=\"_ _0\"></span>h may dif<span class=\"_ _0\"></span>fer from th<span class=\"_ _0\"></span>e mar<span class=\"_ _0\"></span>ket expe<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ation in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>ora<span class=\"_ _0\"></span>ted in the fair valu<span class=\"_ _0\"></span>e. Cash f<span class=\"_ _0\"></span>lows a<span class=\"_ _0\"></span>risi<span class=\"_ _0\"></span>ng fro<span class=\"_ _0\"></span>m imp<span class=\"_ _0\"></span>lie<span class=\"_ _0\"></span>d event<span class=\"_ _0\"></span>s covere<span class=\"_ _0\"></span>d by cre<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t der<span class=\"_ _0\"></span>ivati<span class=\"_ _0\"></span>ves are p<span class=\"_ _0\"></span>rese<span class=\"_ _0\"></span>nted in th<span class=\"_ _0\"></span>e tab<span class=\"_ _0\"></span>les a<span class=\"_ _0\"></span>bove on a<span class=\"_ _0\"></span>n exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted basis a<span class=\"_ _0\"></span>s cas<span class=\"_ _0\"></span>h fl<span class=\"_ _0\"></span>ows withi<span class=\"_ _0\"></span>n<span class=\"_ gsec\"> </span>on<span class=\"_ _0\"></span>e year<span class=\"_ _1\"></span>. Cash i<span class=\"_ _0\"></span>nfl<span class=\"_ _0\"></span>ows or ou<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>fl<span class=\"_ _0\"></span>ows are pre<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>ted on a n<span class=\"_ _0\"></span>et basis w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>re the G<span class=\"_ _0\"></span>roup is re<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>red to se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tle ne<span class=\"_ _0\"></span>t or ha<span class=\"_ _0\"></span>s a leg<span class=\"_ _0\"></span>ally e<span class=\"_ _0\"></span>nforc<span class=\"_ _0\"></span>eabl<span class=\"_ _0\"></span>e rig<span class=\"_ _0\"></span>ht of of<span class=\"_ _0\"></span>fset an<span class=\"_ _0\"></span>d the<span class=\"_ _0\"></span> intenti<span class=\"_ _0\"></span>on is to sett<span class=\"_ _0\"></span>le on a net basi<span class=\"_ _0\"></span>s.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDerivativeFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-686": {
   "value": "13<span class=\"ls8d ws0\">. <span class=\"_ _14\"> </span>Der<span class=\"_ _0\"></span>iva<span class=\"_ _1\"></span>tiv<span class=\"_ _1\"></span>e assets and liab<span class=\"_ _1\"></span>il<span class=\"_ _0\"></span>ities<span class=\"_ _3b2\"> </span></span>Th<span class=\"_ _0\"></span>e Group us<span class=\"_ _0\"></span>es der<span class=\"_ _0\"></span>ivati<span class=\"_ _0\"></span>ves as a com<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>nen<span class=\"_ _0\"></span>t of eff<span class=\"_ _0\"></span>ici<span class=\"_ _0\"></span>ent po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>folio ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>. This in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>des<span class=\"_ _0\"></span>, bu<span class=\"_ _0\"></span>t is not limited to, he<span class=\"_ _0\"></span>dgin<span class=\"_ _0\"></span>g ec<span class=\"_ _0\"></span>ono<span class=\"_ _0\"></span>mic ex<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>ure to foreig<span class=\"_ _0\"></span>n cur<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>, interes<span class=\"_ _0\"></span>t rates, inf<span class=\"_ _0\"></span>lati<span class=\"_ _0\"></span>on and c<span class=\"_ _0\"></span>redi<span class=\"_ _0\"></span>t risks<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p uses he<span class=\"_ _0\"></span>dge ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>unti<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>, provid<span class=\"_ _0\"></span>ed the pre<span class=\"_ _0\"></span>sc<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>ed cr<span class=\"_ _0\"></span>iter<span class=\"_ _0\"></span>ia in IF<span class=\"_ _0\"></span>RS 9, \u2018Fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial<span class=\"_ _0\"></span> Inst<span class=\"_ _0\"></span>rum<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts\u2019 are met<span class=\"_ _0\"></span>, to reco<span class=\"_ _0\"></span>gnise th<span class=\"_ _0\"></span>e offs<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g effe<span class=\"_ _0\"></span>cts of chan<span class=\"_ _0\"></span>ges in th<span class=\"_ _0\"></span>e fair value or c<span class=\"_ _0\"></span>ash fl<span class=\"_ _0\"></span>ow of the der<span class=\"_ _0\"></span>ivative in<span class=\"_ _0\"></span>str<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ent and th<span class=\"_ _0\"></span>e hed<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>d item.<span class=\"_ _0\"></span> Cross<span class=\"_ _0\"></span>-c<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>ency s<span class=\"_ _0\"></span>wap contr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>s \u2013 cash f<span class=\"_ _3\"></span>low hedges<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Group ha<span class=\"_ _0\"></span>s entere<span class=\"_ _0\"></span>d into fixed rate bo<span class=\"_ _0\"></span>rrowi<span class=\"_ _0\"></span>ngs de<span class=\"_ _0\"></span>no<span class=\"_ _0\"></span>minated in U<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>D and is therefo<span class=\"_ _0\"></span>re expo<span class=\"_ _0\"></span>sed to foreig<span class=\"_ _0\"></span>n exchan<span class=\"_ _0\"></span>ge and inter<span class=\"_ _0\"></span>est rate risk<span class=\"_ _0\"></span>s. In orde<span class=\"_ _0\"></span>r to hedg<span class=\"_ _0\"></span>e these r<span class=\"_ _0\"></span>isks the Gro<span class=\"_ _0\"></span>up has en<span class=\"_ _0\"></span>tered into cro<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>urr<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>y interes<span class=\"_ _0\"></span>t rate swaps, en<span class=\"_ _0\"></span>abli<span class=\"_ _0\"></span>ng the exp<span class=\"_ _0\"></span>osu<span class=\"_ _0\"></span>re to be swappe<span class=\"_ _0\"></span>d into a fixed rate in<span class=\"_ gsec\"> </span>its fu<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>al cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cy. These had a ne<span class=\"_ _0\"></span>t asset fair valu<span class=\"_ _0\"></span>e totalling \u00a342m (20<span class=\"_ _0\"></span>23<span class=\"_ _0\"></span>: \u00a321m<span class=\"_ _1\"></span>) and a notiona<span class=\"_ _0\"></span>l amou<span class=\"_ _0\"></span>nt of \u00a31<span class=\"_ _1\"></span>,0<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>9m at 31 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>24 (202<span class=\"_ _0\"></span>3: \u00a31,0<span class=\"_ _0\"></span>99<span class=\"_ _0\"></span>m). There was no inef<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>vene<span class=\"_ _0\"></span>ss rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in the inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e statem<span class=\"_ _0\"></span>ent in res<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ct of these h<span class=\"_ _0\"></span>edg<span class=\"_ _0\"></span>es dur<span class=\"_ _0\"></span>ing 20<span class=\"_ _0\"></span>24<span class=\"_ _0\"></span>. Ot<span class=\"_ _0\"></span>her der<span class=\"_ _0\"></span>ivat<span class=\"_ _0\"></span>ive contrac<span class=\"_ _0\"></span>ts \u2013 held for trad<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p use<span class=\"_ _0\"></span>s ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tai<span class=\"_ _0\"></span>n der<span class=\"_ _0\"></span>ivati<span class=\"_ _0\"></span>ve co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts wh<span class=\"_ _0\"></span>ich a<span class=\"_ _0\"></span>re ef<span class=\"_ _0\"></span>fect<span class=\"_ _0\"></span>ive he<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>es of ec<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>omi<span class=\"_ _0\"></span>c exp<span class=\"_ _0\"></span>osure<span class=\"_ _0\"></span>s in ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>rdan<span class=\"_ _0\"></span>ce wi<span class=\"_ _0\"></span>th th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up\u2019s risk ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent pol<span class=\"_ _0\"></span>icy, but for vario<span class=\"_ _0\"></span>us reas<span class=\"_ _0\"></span>ons are not de<span class=\"_ _0\"></span>sign<span class=\"_ _0\"></span>ated withi<span class=\"_ _0\"></span>n a formal he<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>e acc<span class=\"_ _0\"></span>ount<span class=\"_ _0\"></span>ing rel<span class=\"_ _0\"></span>ation<span class=\"_ _0\"></span>ship<span class=\"_ _0\"></span>. The<span class=\"_ _0\"></span>refore, th<span class=\"_ _0\"></span>ese co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>acts mu<span class=\"_ _0\"></span>st be de<span class=\"_ _0\"></span>sign<span class=\"_ _0\"></span>ated as held for tr<span class=\"_ _0\"></span>adin<span class=\"_ _0\"></span>g, and ga<span class=\"_ _0\"></span>ins and lo<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s on thes<span class=\"_ _0\"></span>e cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>ts are rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ised im<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>diatel<span class=\"_ _0\"></span>y in the Co<span class=\"_ _0\"></span>nsol<span class=\"_ _0\"></span>idated In<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me S<span class=\"_ _0\"></span>tate<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t.<span class=\"_ _3b2\"> </span><table class=\"s w17d h15b\" id=\"_94192493-804b-40c6-a88f-65bcb5a0ff22\"><tr><td></td><td class=\"c n x435 y4369 w21f h128\"><div class=\"t m2 x1ca hf y415b ff6 fs9 fc1 sc0 ls18 ws32\">Fai<span class=\"_ _0\"></span>r val<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x822 y436a w220 h11e\"><div class=\"t m2 x1ca hf y40a7 ff3 fs9 fc1 sc0 ls89 ws3c\">Fair values<span class=\"_ _3b2\"> </span></div></td><td></td></tr><tr><td></td><td class=\"c x824 y436b w221 h123\"><div class=\"t m2 x1ca h13 y4151 ff5 fs9 fc1 sc0 ls3d ws131\">Assets</div><div class=\"t m2 x823 h99 y41b3 ff5 fs1b fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c x826 y436b w222 h123\"><div class=\"t m2 x1ca h13 y4151 ff5 fs9 fc1 sc0 ls88 ws8d\">Liabilities</div><div class=\"t m2 x825 h99 y41b3 ff5 fs1b fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c x828 y436c w223 h11e\"><div class=\"t m2 x1ca hf y415b ff3 fs9 fc1 sc0 ls1 ws0\">Assets</div><div class=\"t m2 x827 ha4 y41ad ff3 fs1b fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c x580 y436c w17f h11e\"><div class=\"t m2 x1ca hf y415b ff3 fs9 fc1 sc0 ls168 ws183\">Liabilities</div><div class=\"t m2 x57f ha4 y41ad ff3 fs1b fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td></tr><tr><td></td><td class=\"t m2 x430 h13 y436d ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x431 h13 y436d ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c6 hf y436d ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y436d ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x432 h13 y436e ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x433 h13 y436e ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 hf y436e ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y436e ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 hb y436f ff6 fs6 fc1 sc0 ls1 ws0\">Shareholder derivativ<span class=\"_ _1\"></span>es:<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y40b2 w224 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Inte<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>t rate c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>cts \u2013 h<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>d for tr<span class=\"_ _0\"></span>adi<span class=\"_ _0\"></span>ng<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x763 y40b2 w2f h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">38,914<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x81f y40b2 w2f h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">39,895<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x829 y40b2 w3e h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">31,411<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x82a y40b2 w3e h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">33,580<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4163 w225 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">For<span class=\"_ _3\"></span>ward for<span class=\"_ _0\"></span>eig<span class=\"_ _0\"></span>n exc<span class=\"_ _0\"></span>han<span class=\"_ _0\"></span>ge c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>cts \u2013 h<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>d for t<span class=\"_ _0\"></span>rad<span class=\"_ _0\"></span>ing<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x82b y4163 w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">35<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x82c y4163 w70 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">31<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x82d y4163 w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">26<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x82e y4163 w50 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40b4 w226 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Cur<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>y swap c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s \u2013 he<span class=\"_ _0\"></span>ld for t<span class=\"_ _0\"></span>rad<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x82f y40b4 w36 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,009<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x830 y40b4 w36 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,323<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x831 y40b4 w37 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,624<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x832 y40b4 w30 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,750<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4166 w227 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Cur<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>y swap c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s \u2013 cas<span class=\"_ _0\"></span>h f<span class=\"_ _0\"></span>low h<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>ges<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x833 y4166 w70 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">42<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x834 y4166 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x835 y4166 w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">24<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x836 y4166 w75 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40b6 w228 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Inf<span class=\"_ _0\"></span>lati<span class=\"_ _0\"></span>on s<span class=\"_ _0\"></span>wap c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>cts \u2013 h<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>d for tr<span class=\"_ _0\"></span>adi<span class=\"_ _0\"></span>ng<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x837 y40b6 w36 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">9,176<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x761 y40b6 w2f h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">11,595<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7ac y40b6 w30 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">4,704<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x838 y40b6 w37 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">4,827<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4370 w229 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Inf<span class=\"_ _0\"></span>lati<span class=\"_ _0\"></span>on r<span class=\"_ _0\"></span>ate co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>ts \u2013 h<span class=\"_ _0\"></span>eld fo<span class=\"_ _0\"></span>r tr<span class=\"_ _0\"></span>adi<span class=\"_ _0\"></span>ng<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x839 y4370 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x83a y4370 wa6 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x83b y4370 w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">96<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x573 y4370 w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">30<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41cd w22a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Cre<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t de<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>vati<span class=\"_ _0\"></span>ves \u2013 h<span class=\"_ _0\"></span>eld fo<span class=\"_ _0\"></span>r tr<span class=\"_ _0\"></span>adi<span class=\"_ _0\"></span>ng<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x83c y41cd wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x83d y41cd w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">18<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x83e y41cd wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x83f y41cd w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">21<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41ce w22b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y/i<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>x de<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>vati<span class=\"_ _0\"></span>ves \u2013 h<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>d for tr<span class=\"_ _0\"></span>adi<span class=\"_ _0\"></span>ng<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x840 y41ce wa8 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6c8 y41ce wa8 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x841 y41ce w50 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x842 y41ce w50 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41cf w22c h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">O<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r de<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>vati<span class=\"_ _0\"></span>ves \u2013 h<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>d for tr<span class=\"_ _0\"></span>adi<span class=\"_ _0\"></span>ng<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x843 y41cf w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">17<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x844 y41cf w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">408<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x845 y41cf w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">133<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x846 y41cf w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">278<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y42f1 w22d h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> shareholder <span class=\"_ _1\"></span>derivatives<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x847 y42f1 w93 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">49,195<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x848 y42f1 w2f h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">54,274<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x849 y42f1 wd3 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">38,019<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x84a y42f1 w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">40,499<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 hb y4371 ff6 fs6 fc1 sc0 ls56 ws55\">Un<span class=\"_ _0\"></span>it li<span class=\"_ _0\"></span>nke<span class=\"_ _0\"></span>d de<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ves:<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y40bd w224 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Inte<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>t rate c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>cts \u2013 h<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>d for tr<span class=\"_ _0\"></span>adi<span class=\"_ _0\"></span>ng<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x49d y40bd w4a h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">564<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x84b y40bd w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,082<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x84c y40bd w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,133<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x654 y40bd w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">335<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y416e w225 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">For<span class=\"_ _3\"></span>ward for<span class=\"_ _0\"></span>eig<span class=\"_ _0\"></span>n exc<span class=\"_ _0\"></span>han<span class=\"_ _0\"></span>ge c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>cts \u2013 h<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>d for t<span class=\"_ _0\"></span>rad<span class=\"_ _0\"></span>ing<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x84d y416e w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">558<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x830 y416e w36 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">1,077<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x84e y416e w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">815<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x84f y416e w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">420<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y417f w22a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Cre<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t de<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>vati<span class=\"_ _0\"></span>ves \u2013 h<span class=\"_ _0\"></span>eld fo<span class=\"_ _0\"></span>r tr<span class=\"_ _0\"></span>adi<span class=\"_ _0\"></span>ng<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x850 y417f w59 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x2a1 y417f w59 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x851 y417f w50 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x852 y417f w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">16<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4170 w228 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Inf<span class=\"_ _0\"></span>lati<span class=\"_ _0\"></span>on s<span class=\"_ _0\"></span>wap c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>cts \u2013 h<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>d for tr<span class=\"_ _0\"></span>adi<span class=\"_ _0\"></span>ng<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x853 y4170 w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">758<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x75d y4170 w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">175<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x854 y4170 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">170<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x855 y4170 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">143<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4180 w229 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Inf<span class=\"_ _0\"></span>lati<span class=\"_ _0\"></span>on r<span class=\"_ _0\"></span>ate co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>ts \u2013 h<span class=\"_ _0\"></span>eld fo<span class=\"_ _0\"></span>r tr<span class=\"_ _0\"></span>adi<span class=\"_ _0\"></span>ng<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x839 y4180 wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x83a y4180 wa6 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x856 y4180 wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x857 y4180 w50 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y419a w22b h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y/i<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>x de<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>vati<span class=\"_ _0\"></span>ves \u2013 h<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>d for tr<span class=\"_ _0\"></span>adi<span class=\"_ _0\"></span>ng<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x858 y419a w7b h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">37<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x859 y419a w4a h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">228<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x85a y419a w4b h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">969<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x85b y419a w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,221<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4183 w22c h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">O<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r de<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>vati<span class=\"_ _0\"></span>ves \u2013 h<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>d for tr<span class=\"_ _0\"></span>adi<span class=\"_ _0\"></span>ng<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x843 y4183 w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">78<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x85c y4183 w70 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">36<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x85d y4183 w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">27<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x564 y4183 w4b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">185<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ac w22e h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l un<span class=\"_ _0\"></span>it li<span class=\"_ _0\"></span>nke<span class=\"_ _0\"></span>d de<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>vat<span class=\"_ _0\"></span>ive<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x85e y40ac w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,997<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x85f y40ac w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">3,599<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x860 y40ac w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,121<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x861 y40ac w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,322<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w22f h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l de<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>vat<span class=\"_ _0\"></span>ive as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d lia<span class=\"_ _0\"></span>bil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x862 y40ae w2f h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">51,192<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x863 y40ae w93 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">57,873<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x864 y40ae w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">41,140<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x865 y40ae w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">43,821<span class=\"_ _3b2\"> </span></div></td></tr></table>1. <span class=\"_ _15\"> </span>De<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>ted i<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e C<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d B<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e Sh<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>et w<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>in F<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>l in<span class=\"_ _0\"></span>ves<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>nd i<span class=\"_ _0\"></span>nve<span class=\"_ _0\"></span>s<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>p<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ty (<span class=\"_ _0\"></span>N<span class=\"_ _0\"></span>ote 12).<span class=\"_ _3b2\"> </span>2. <span class=\"_ _15\"> </span>De<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve l<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>bi<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>re r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d i<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e C<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>da<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d Ba<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ce S<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>hi<span class=\"_ _0\"></span>n P<span class=\"_ _0\"></span>aya<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r fi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>l li<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s (<span class=\"_ _0\"></span>No<span class=\"_ _0\"></span>te 25<span class=\"_ _0\"></span>).<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>tual un<span class=\"_ _0\"></span>disc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ted cash f<span class=\"_ _0\"></span>lows in relat<span class=\"_ _0\"></span>ion to non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>nit lin<span class=\"_ _0\"></span>ked der<span class=\"_ _0\"></span>ivati<span class=\"_ _0\"></span>ves have the followi<span class=\"_ _0\"></span>ng matu<span class=\"_ _0\"></span>rit<span class=\"_ _0\"></span>y prof<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>e. Uni<span class=\"_ _0\"></span>t linked de<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>vatives have<span class=\"_ _0\"></span> not be<span class=\"_ _0\"></span>en in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>ded as sha<span class=\"_ _0\"></span>reh<span class=\"_ _0\"></span>old<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s are not direc<span class=\"_ _0\"></span>tly exp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ed to liquidi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y risks<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span><table class=\"s w230 h15c\" id=\"_97093b85-6180-420b-af8e-a7521c909db6\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t m2 x866 h13 y4372 ff5 fs9 fc1 sc0 ls18 ws0\">Ma<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>le o<span class=\"_ _0\"></span>f u<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ed c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sh f<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>ws<span class=\"_ _3b2\"> </span></td><td></td><td></td></tr><tr><td></td><td class=\"t m2 x496 h13 y4373 ff6 fs9 fc1 sc0 ls18 ws32\">Fai<span class=\"_ _0\"></span>r val<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x460 h13 y4373 ff5 fs9 fc1 sc0 ls18 ws0\">Wi<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n 1 yea<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x497 h13 y4373 ff5 fs9 fc1 sc0 ls32 ws8a\">1-5<span class=\"_ _0\"></span> ye<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x867 h13 y4373 ff5 fs9 fc1 sc0 ls184 ws19a\">5<span class=\"_ _0\"></span>-1<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span> y<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _3\"></span>s<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x499 h13 y4373 ff5 fs9 fc1 sc0 lsc3 wsc7\">15<span class=\"_ _0\"></span>-2<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span> y<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _3\"></span>s<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x288 h13 y4373 ff6 fs9 fc1 sc0 ls18 ws32\">Ove<span class=\"_ _0\"></span>r 25 yea<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 h13 y4373 ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 h13 y4374 ff5 fs9 fc1 sc0 ls18 ws0\">As a<span class=\"_ _0\"></span>t 31 De<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>4<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x321 h13 y4374 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x464 h13 y4374 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x432 h13 y4374 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x465 h13 y4374 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x466 h13 y4374 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x467 h13 y4374 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 h13 y4374 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 hb y4375 ff5 fs6 fc1 sc0 ls4f ws128\">Cash infl<span class=\"_ _1\"></span>ows<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m2 x206 hb y4376 ff6 fs6 fc1 sc0 ls1 ws0\">Shareholder derivativ<span class=\"_ _1\"></span>es </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y42f3 w1fd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls112 ws1e\">Der<span class=\"_ _0\"></span>ivative assets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x868 y42f3 w2f h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">49,195<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x869 y42f3 w215 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">23,319<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x86a y42f3 w2f h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">57,912<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x86b y42f3 w2f h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">75,704<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x86c y42f3 w2f h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">33,823<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x86d y42f3 w2f h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">18,909<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x86e y42f3 w89 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">209,667<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4377 w231 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls112 ws1e\">Der<span class=\"_ _0\"></span>ivative liabiliti<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x86f y4377 w44 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(54,274)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x870 y4377 w2f h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">14,840<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x871 y4377 w2f h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">39,656<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x872 y4377 w2f h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">53,019<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x873 y4377 w2f h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">23,103<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x874 y4377 w2f h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">14,275<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x875 y4377 w89 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">144,893<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40bf w21b h11b\"><div class=\"t m2 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls1 ws0\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x876 y40bf w33 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">(5,079)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x877 y40bf w2f h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">38,159<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x878 y40bf w2f h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">97,568<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x879 y40bf w89 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">128,723<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x87a y40bf w2f h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">56,926<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x87b y40bf w2f h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">33,184<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x87c y40bf w89 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">354,560<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 hb y4378 ff5 fs6 fc1 sc0 ls4f ws128\">Cash outflo<span class=\"_ _1\"></span>ws<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m2 x206 hb y4379 ff6 fs6 fc1 sc0 ls1 ws0\">Shareholder derivativ<span class=\"_ _1\"></span>es </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y41c7 w1fd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls112 ws1e\">Der<span class=\"_ _0\"></span>ivative assets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x868 y41c7 w2f h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">49,195<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x87d y41c7 w44 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(15,374)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x87e y41c7 w44 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(40,194)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x87f y41c7 w44 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(49,928)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x880 y41c7 w44 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(22,692)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x881 y41c7 w44 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(14,175)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x882 y41c7 w232 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(142,363)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y419e w231 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls112 ws1e\">Der<span class=\"_ _0\"></span>ivative liabiliti<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x86f y419e w44 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(54,274)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x883 y419e w44 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(23,758)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x884 y419e w44 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(60,276)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x885 y419e w44 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(80,320)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x886 y419e w44 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(35,843)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x887 y419e wd7 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(23,122)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x888 y419e w233 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(223,319)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ac w21b h11b\"><div class=\"t m2 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls1 ws0\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x889 y40ac w33 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">(5,079)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x88a y40ac w44 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">(39,132)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x88b y40ac w233 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">(100,470)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x88c y40ac w232 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">(130,248)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x88d y40ac w44 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">(58,535)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x88e y40ac w44 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">(37,297)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x88f y40ac w233 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">(365,682)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w234 h11b\"><div class=\"t m2 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls56 ws0\">Ne<span class=\"_ _0\"></span>t c<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>h fl<span class=\"_ _0\"></span>ows<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x890 y40ae w3a h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">(973)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x891 y40ae w33 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">(2,902)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x892 y40ae w33 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">(1,525)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x893 y40ae w33 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">(1,609)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x894 y40ae w33 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">(4,113)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x895 y40ae wd7 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">(11,122)<span class=\"_ _3b2\"> </span></div></td></tr></table><table class=\"s w235 h15d\" id=\"_f92847b0-9c7e-43c9-a799-76e4783a7f20\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x896 hf y437a ff3 fs9 fc1 sc0 ls18 ws0\">Mat<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y p<span class=\"_ _0\"></span>rof<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>e of un<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>sc<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nte<span class=\"_ _0\"></span>d cas<span class=\"_ _0\"></span>h f<span class=\"_ _0\"></span>low<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x897 hf y437b ff3 fs9 fc1 sc0 ls89 ws3c\">Fair values<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x4e5 hf y437b ff3 fs9 fc1 sc0 ls18 ws0\">Wi<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>in 1 ye<span class=\"_ _0\"></span>ar<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x3ef hf y437b ff3 fs9 fc1 sc0 ls28 wsc0\">1-5<span class=\"_ _0\"></span> ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x4ec hf y437b ff3 fs9 fc1 sc0 ls184 ws19a\">5<span class=\"_ _3\"></span>-15<span class=\"_ _0\"></span> y<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x287 hf y437b ff3 fs9 fc1 sc0 ls184 ws19a\">15<span class=\"_ _3\"></span>-<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span> y<span class=\"_ _3\"></span>e<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _3\"></span>s<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x495 hf y437b ff3 fs9 fc1 sc0 ls18 ws0\">Ov<span class=\"_ _0\"></span>er 25 y<span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c7 hf y437b ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 hf y437c ff3 fs9 fc1 sc0 ls18 ws0\">As a<span class=\"_ _0\"></span>t 31 De<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>3<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x321 hf y437c ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x464 hf y437c ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x432 hf y437c ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x465 hf y437c ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x466 hf y437c ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x467 hf y437c ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 hf y437c ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 h1a y437d ff3 fs6 fc1 sc0 ls94 ws63\">Cash i<span class=\"_ _0\"></span>nflows<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x206 h1a y437e ff3 fs6 fc1 sc0 ls11b ws2a\">Shareholder deriv<span class=\"_ _1\"></span>atives </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y40bd w1fd h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls112 ws1e\">Der<span class=\"_ _0\"></span>ivative assets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x898 y40bd w3e h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">38,019<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x899 y40bd w3e h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">17,833<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x89a y40bd w3e h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">35,787<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x89b y40bd w3e h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">47,562<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x89c y40bd w3e h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">21,119<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x89d y40bd w3e h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">11,069<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x89e y40bd w82 h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">133,370<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40be w231 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls112 ws1e\">Der<span class=\"_ _0\"></span>ivative liabiliti<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x89f y40be w45 h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">(40,499)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8a0 y40be wc5 h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">9,304<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8a1 y40be w3e h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">21,883<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8a2 y40be w3e h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">30,447<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8a3 y40be w3e h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">16,349<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8a4 y40be w3e h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">10,039<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8a5 y40be w3e h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">88,022<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40bf w236 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls15e ws179\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8a6 y40bf w34 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(2,480)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8a7 y40bf w237 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">27,137<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8a8 y40bf w3e h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">57,670<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8a9 y40bf w3e h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">78,009<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8aa y40bf w3e h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">37,468<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8ab y40bf w3e h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">21,108<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8ac y40bf w82 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">221,392<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 h1a y437f ff3 fs6 fc1 sc0 ls94 ws63\">Cash o<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>fl<span class=\"_ _0\"></span>ows<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x206 h1a y4380 ff3 fs6 fc1 sc0 ls11b ws2a\">Shareholder deriv<span class=\"_ _1\"></span>atives </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y40c2 w1fd h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls112 ws1e\">Der<span class=\"_ _0\"></span>ivative assets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x898 y40c2 w3e h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">38,019<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8ad y40c2 w45 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(13,483)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8ae y40c2 w45 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(27,576)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8af y40c2 w45 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(35,293)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8b0 y40c2 wd5 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(16,054)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8b1 y40c2 w34 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(8,684)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8b2 y40c2 w238 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(101,090)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w231 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls112 ws1e\">Der<span class=\"_ _0\"></span>ivative liabiliti<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x89f y4121 w45 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(40,499)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8b3 y4121 w45 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(15,136)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8b4 y4121 w45 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(33,435)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8b5 y4121 wd5 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(45,924)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8b6 y4121 w45 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(22,714)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8b7 y4121 w45 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(13,121)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8b8 y4121 w238 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(130,330)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4158 w236 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls15e ws179\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8b9 y4158 w34 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(2,480)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8ba y4158 w45 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(28,619)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8bb y4158 w45 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(61,011)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8bc y4158 wd5 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(81,217)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8bd y4158 w45 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(38,768)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8be y4158 w45 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(21,805)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x60a y4158 w238 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(231,420)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w239 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Ne<span class=\"_ _0\"></span>t cas<span class=\"_ _0\"></span>h fl<span class=\"_ _0\"></span>ows<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x8bf y40ae w34 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(1,482)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8c0 y40ae w34 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(3,341)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8c1 y40ae w34 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(3,208)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8c2 y40ae w34 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(1,300)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8c3 y40ae w3b h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(697)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8c4 y40ae w45 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(10,028)<span class=\"_ _3b2\"> </span></div></td></tr></table>Future c<span class=\"_ _0\"></span>ash fl<span class=\"_ _0\"></span>ows on the f<span class=\"_ _0\"></span>loati<span class=\"_ _0\"></span>ng le<span class=\"_ _0\"></span>gs of interest rate and exch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e der<span class=\"_ _0\"></span>ivati<span class=\"_ _0\"></span>ves are calc<span class=\"_ _0\"></span>ulate<span class=\"_ _0\"></span>d using cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nt spot rates<span class=\"_ _0\"></span>, whic<span class=\"_ _0\"></span>h may dif<span class=\"_ _0\"></span>fer from th<span class=\"_ _0\"></span>e mar<span class=\"_ _0\"></span>ket expe<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ation in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>ora<span class=\"_ _0\"></span>ted in the fair valu<span class=\"_ _0\"></span>e. Cash f<span class=\"_ _0\"></span>lows a<span class=\"_ _0\"></span>risi<span class=\"_ _0\"></span>ng fro<span class=\"_ _0\"></span>m imp<span class=\"_ _0\"></span>lie<span class=\"_ _0\"></span>d event<span class=\"_ _0\"></span>s covere<span class=\"_ _0\"></span>d by cre<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t der<span class=\"_ _0\"></span>ivati<span class=\"_ _0\"></span>ves are p<span class=\"_ _0\"></span>rese<span class=\"_ _0\"></span>nted in th<span class=\"_ _0\"></span>e tab<span class=\"_ _0\"></span>les a<span class=\"_ _0\"></span>bove on a<span class=\"_ _0\"></span>n exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted basis a<span class=\"_ _0\"></span>s cas<span class=\"_ _0\"></span>h fl<span class=\"_ _0\"></span>ows withi<span class=\"_ _0\"></span>n<span class=\"_ gsec\"> </span>on<span class=\"_ _0\"></span>e year<span class=\"_ _1\"></span>. Cash i<span class=\"_ _0\"></span>nfl<span class=\"_ _0\"></span>ows or ou<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>fl<span class=\"_ _0\"></span>ows are pre<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>ted on a n<span class=\"_ _0\"></span>et basis w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>re the G<span class=\"_ _0\"></span>roup is re<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>red to se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tle ne<span class=\"_ _0\"></span>t or ha<span class=\"_ _0\"></span>s a leg<span class=\"_ _0\"></span>ally e<span class=\"_ _0\"></span>nforc<span class=\"_ _0\"></span>eabl<span class=\"_ _0\"></span>e rig<span class=\"_ _0\"></span>ht of of<span class=\"_ _0\"></span>fset an<span class=\"_ _0\"></span>d the<span class=\"_ _0\"></span> intenti<span class=\"_ _0\"></span>on is to sett<span class=\"_ _0\"></span>le on a net basi<span class=\"_ _0\"></span>s.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfHedgeAccountingExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-597": {
   "value": "<div class=\"t m0 he ff1 fs8 fc2 sc0 ls8b ws90 gs6d0\">14<span class=\"ls8d ws0\">.<span class=\"_ _d\"> </span>Rec<span class=\"_ _1\"></span>ei<span class=\"_ _1\"></span>vab<span class=\"_ _1\"></span>les and o<span class=\"_ _1\"></span>ther as<span class=\"_ _1\"></span>sets<span class=\"_ _3b2\"> </span></span></div><div class=\"gs53a\"><table class=\"s w23a h15e\" id=\"_9b581449-bd1a-430a-beb4-f6a8c2763bdc\"><tr><td></td><td></td><td class=\"t m0 x1c6 h13 y4381 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c7 hf y4381 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m0 x42e hf y4382 ff3 fs9 fc1 sc0 lsee wsf5\">Note<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c8 h13 y4382 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 hf y4382 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y433b w23b h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">Receivables under finance leases<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8c5 y433b w1f0 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">14(i)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8c6 y433b w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">531<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8c7 y433b w42 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">530<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y416e w23c h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Ac<span class=\"_ _0\"></span>cr<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span>d inte<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>t an<span class=\"_ _0\"></span>d ren<span class=\"_ _0\"></span>t<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x225 y416e w4a h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">470<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3b7 y416e w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">655<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y417f w23d h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Pre<span class=\"_ _0\"></span>pay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts a<span class=\"_ _0\"></span>nd a<span class=\"_ _0\"></span>cc<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>ed i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x8c8 y417f w4a h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">375<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x25e y417f w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">396<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y4170 w23e h11a\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws118\">Invent<span class=\"_ _1\"></span>ories</div><div class=\"t m0 x8c9 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x420 y41dd w4a h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">531<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x575 y41dd w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,932<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y4180 w23f h11a\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10e ws54\">Contract assets</div><div class=\"t m0 x8ca h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x420 y4180 w4a h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">149<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x421 y4180 w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">156<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y4181 w240 h11a\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls11e ws5c\">Other receivables</div><div class=\"t m0 x8cb h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x3c6 y419a w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">6,571<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3c7 y419a w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">6,111<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w241 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l re<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>iva<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>s and ot<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>er as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x8cc y4121 w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">8,627<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8cd y4121 w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">9,780<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ac w242 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Du<span class=\"_ _0\"></span>e wit<span class=\"_ _0\"></span>hin 12 mon<span class=\"_ _0\"></span>ths<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x8ce y40ac w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">7,413<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8cf y40ac w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">8,200<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w243 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Du<span class=\"_ _0\"></span>e af<span class=\"_ _0\"></span>ter 12 mont<span class=\"_ _0\"></span>hs<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1e7 y40ae w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,214<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1e8 y40ae w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,580<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"t m0 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs6d1\">1.<span class=\"_ _1d\"> </span>Inv<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ie<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>nt h<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>e bu<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g st<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>k in<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g la<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>, o<span class=\"_ _0\"></span>pt<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns o<span class=\"_ _0\"></span>n la<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d, w<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>k i<span class=\"_ _0\"></span>n pr<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r i<span class=\"_ _0\"></span>nve<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>tor<span class=\"_ _3\"></span>y.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs6d2\">2.<span class=\"_ _1d\"> </span>Co<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y<span class=\"_ _3\"></span>\u2019s rig<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>t to co<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n in e<span class=\"_ _0\"></span>xch<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>e fo<span class=\"_ _0\"></span>r go<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ds o<span class=\"_ _0\"></span>r se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>es t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t h<span class=\"_ _0\"></span>ave b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d to a c<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>r.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs6d3\">3.<span class=\"_ _1d\"> </span> <span class=\"_ _9\"></span>O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>vab<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>es i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>e am<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>ts r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>e fr<span class=\"_ _0\"></span>om b<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>ke<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d cl<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ts fo<span class=\"_ _0\"></span>r i<span class=\"_ _0\"></span>nve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g a<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, c<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>l pl<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s, u<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d ca<span class=\"_ _0\"></span>sh<span class=\"_ _0\"></span>, F<span class=\"_ _0\"></span>X s<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r s<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y ba<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s. </div><div class=\"t m0 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs6d4\">In<span class=\"_ gs4cd\"> </span>2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>,<span class=\"_ gs4cd\"> </span>O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ei<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>es i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s \u00a35<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>8m d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>fer<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ed c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng to C<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>a di<span class=\"_ _0\"></span>sp<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>sa<span class=\"_ _0\"></span>l (see N<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>te 2<span class=\"_ _0\"></span>8 for f<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r de<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>ls).<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h21 ff1 fs10 fc2 sc0 ls77 ws0 gs6d5\">(i<span class=\"_ _1\"></span>)<span class=\"_ _154\"> </span>Receiv<span class=\"_ _0\"></span>ables under f<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ance lea<span class=\"_ _0\"></span>ses<span class=\"_ _3b2\"> </span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs6d6\">Th<span class=\"_ _0\"></span>e Group ac<span class=\"_ _0\"></span>ts as a lesso<span class=\"_ _0\"></span>r of cer<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ain f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>ce le<span class=\"_ _0\"></span>ases<span class=\"_ _0\"></span>, whic<span class=\"_ _0\"></span>h have a weighted averag<span class=\"_ _0\"></span>e dura<span class=\"_ _0\"></span>tion to matur<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y of 34 yea<span class=\"_ _0\"></span>rs as at 31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ber 20<span class=\"_ _0\"></span>24 </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs6d7\">(202<span class=\"_ _0\"></span>3: 35 year<span class=\"_ _0\"></span>s). <span class=\"_ _1\"></span>Th<span class=\"_ _0\"></span>e cou<span class=\"_ _0\"></span>nterp<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, as lesse<span class=\"_ _0\"></span>e, are re<span class=\"_ _0\"></span>gard<span class=\"_ _0\"></span>ed to be the ec<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>omi<span class=\"_ _0\"></span>c owner of the le<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>d assets<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs6d8\">Th<span class=\"_ _0\"></span>e futu<span class=\"_ _0\"></span>re minim<span class=\"_ _0\"></span>um leas<span class=\"_ _0\"></span>e paym<span class=\"_ _0\"></span>ents un<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r the arr<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>, togeth<span class=\"_ _0\"></span>er wi<span class=\"_ _0\"></span>th the pres<span class=\"_ _0\"></span>ent valu<span class=\"_ _0\"></span>e, are dis<span class=\"_ _0\"></span>clo<span class=\"_ _0\"></span>sed b<span class=\"_ _0\"></span>elow<span class=\"_ _0\"></span>:<span class=\"_ _3b2\"> </span></div><div class=\"gs6d9\"><table class=\"s w244 h15f\" id=\"_2e261225-9ada-49f9-9c56-a05184bcdaa2\"><tr><td></td><td class=\"t m0 x7bd h13 y4383 ff5 fs9 fc1 sc0 ls38 ws3b\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> future </td><td class=\"t m0 x8d0 h13 y4383 ff5 fs9 fc1 sc0 ls38 ws3a\">Unearned </td><td></td><td class=\"t m0 x493 hf y4383 ff3 fs9 fc1 sc0 ls1 ws16\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> future </td><td class=\"t m0 x8d1 hf y4383 ff3 fs9 fc1 sc0 ls29 ws30\">Unearned </td><td></td></tr><tr><td></td><td class=\"t m0 x8d2 h13 y4384 ff5 fs9 fc1 sc0 ls193 ws1b7\">paym<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s </td><td class=\"t m0 x680 h13 y4384 ff6 fs9 fc1 sc0 ls3d ws131\">interest<span class=\"_ gs6da\"> </span><span class=\"_ _1\"></span>income<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x8d3 h13 y4384 ff6 fs9 fc1 sc0 ls38 ws3a\">Present <span class=\"_ _1\"></span>value<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x324 hf y4384 ff3 fs9 fc1 sc0 ls112 ws6\">paym<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s </td><td class=\"t m0 x31d h10 y4384 ff4 fs9 fc1 sc0 ls18 ws32\">inte<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>st<span class=\"_ gs6db\"> </span>i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x8d4 hf y4384 ff3 fs9 fc1 sc0 ls168 ws123\">Present value<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m0 x8d5 h13 y4385 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x686 h13 y4385 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x430 h13 y4385 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x637 hf y4385 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c6 hf y4385 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c7 hf y4385 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m0 x282 h13 y4386 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x5ef h13 y4386 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x432 h13 y4386 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x433 hf y4386 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c8 hf y4386 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 hf y4386 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y417f w245 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Wi<span class=\"_ _0\"></span>thi<span class=\"_ _0\"></span>n 1 yea<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8d6 y417f w246 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">29<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8d7 y417f w41 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(22)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8d8 y417f w59 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x23f y417f w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">32<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8d9 y417f w5a h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(25)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8da y417f w50 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4170 w247 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">1-2<span class=\"_ _1\"></span> years<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8db y4170 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">30<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8dc y4170 w41 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(22)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8dd y4170 wa8 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">8<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8de y4170 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">32<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8df y4170 w71 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(25)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8e0 y4170 w75 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4180 w248 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">2-<span class=\"_ _0\"></span>3 yea<span class=\"_ _0\"></span>rs<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8e1 y4180 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">28<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8e2 y4180 w41 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(21)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8e3 y4180 wa8 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8e4 y4180 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">32<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8e5 y4180 w71 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(25)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8e6 y4180 w75 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4181 w249 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">3<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>4 yea<span class=\"_ _0\"></span>rs<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8e7 y4181 w246 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">29<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8e8 y4181 w41 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(21)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8e9 y4181 w59 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">8<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8ea y4181 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">31<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8eb y4181 w71 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(24)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8ec y4181 w50 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4183 w249 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">4<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>5 yea<span class=\"_ _0\"></span>rs<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8e7 y4183 w246 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">30<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8e8 y4183 w41 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(21)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8e9 y4183 w59 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">9<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8ea y4183 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">31<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8eb y4183 w71 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(24)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8ec y4183 w50 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4184 w24a h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Af<span class=\"_ _0\"></span>ter 5 y<span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8ed y4184 w4a h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">878<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8ee y4184 w3a h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(386)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8ef y4184 w4a h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">492<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8f0 y4184 w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">961<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8f1 y4184 w4d h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(466)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8f2 y4184 w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">495<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w21b h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws0\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8f3 y40ae w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,024<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8f4 y40ae w3a h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(493)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8f5 y40ae w4a h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">531<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8f6 y40ae w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,119<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8f7 y40ae w3b h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(589)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3c9 y40ae w42 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">530</div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-653": {
   "value": "14<span class=\"ls8d ws0\">.<span class=\"_ _d\"> </span>Rec<span class=\"_ _1\"></span>ei<span class=\"_ _1\"></span>vab<span class=\"_ _1\"></span>les and o<span class=\"_ _1\"></span>ther as<span class=\"_ _1\"></span>sets<span class=\"_ _3b2\"> </span></span><table class=\"s w23a h15e\" id=\"_9b581449-bd1a-430a-beb4-f6a8c2763bdc\"><tr><td></td><td></td><td class=\"t m0 x1c6 h13 y4381 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c7 hf y4381 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m0 x42e hf y4382 ff3 fs9 fc1 sc0 lsee wsf5\">Note<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c8 h13 y4382 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 hf y4382 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y433b w23b h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">Receivables under finance leases<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8c5 y433b w1f0 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">14(i)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8c6 y433b w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">531<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8c7 y433b w42 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">530<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y416e w23c h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Ac<span class=\"_ _0\"></span>cr<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span>d inte<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>t an<span class=\"_ _0\"></span>d ren<span class=\"_ _0\"></span>t<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x225 y416e w4a h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">470<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3b7 y416e w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">655<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y417f w23d h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Pre<span class=\"_ _0\"></span>pay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts a<span class=\"_ _0\"></span>nd a<span class=\"_ _0\"></span>cc<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>ed i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x8c8 y417f w4a h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">375<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x25e y417f w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">396<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y4170 w23e h11a\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws118\">Invent<span class=\"_ _1\"></span>ories</div><div class=\"t m0 x8c9 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x420 y41dd w4a h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">531<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x575 y41dd w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,932<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y4180 w23f h11a\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10e ws54\">Contract assets</div><div class=\"t m0 x8ca h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x420 y4180 w4a h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">149<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x421 y4180 w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">156<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y4181 w240 h11a\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls11e ws5c\">Other receivables</div><div class=\"t m0 x8cb h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x3c6 y419a w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">6,571<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3c7 y419a w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">6,111<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w241 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l re<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>iva<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>s and ot<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>er as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x8cc y4121 w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">8,627<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8cd y4121 w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">9,780<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ac w242 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Du<span class=\"_ _0\"></span>e wit<span class=\"_ _0\"></span>hin 12 mon<span class=\"_ _0\"></span>ths<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x8ce y40ac w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">7,413<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8cf y40ac w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">8,200<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w243 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Du<span class=\"_ _0\"></span>e af<span class=\"_ _0\"></span>ter 12 mont<span class=\"_ _0\"></span>hs<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1e7 y40ae w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,214<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1e8 y40ae w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,580<span class=\"_ _3b2\"> </span></div></td></tr></table>1.<span class=\"_ _1d\"> </span>Inv<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ie<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>nt h<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>e bu<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g st<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>k in<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g la<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>, o<span class=\"_ _0\"></span>pt<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns o<span class=\"_ _0\"></span>n la<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d, w<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>k i<span class=\"_ _0\"></span>n pr<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r i<span class=\"_ _0\"></span>nve<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>tor<span class=\"_ _3\"></span>y.<span class=\"_ _3b2\"> </span>2.<span class=\"_ _1d\"> </span>Co<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y<span class=\"_ _3\"></span>\u2019s rig<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>t to co<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n in e<span class=\"_ _0\"></span>xch<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>e fo<span class=\"_ _0\"></span>r go<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ds o<span class=\"_ _0\"></span>r se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>es t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t h<span class=\"_ _0\"></span>ave b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d to a c<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>r.<span class=\"_ _3b2\"> </span>3.<span class=\"_ _1d\"> </span> <span class=\"_ _9\"></span>O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>vab<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>es i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>e am<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>ts r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>e fr<span class=\"_ _0\"></span>om b<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>ke<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d cl<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ts fo<span class=\"_ _0\"></span>r i<span class=\"_ _0\"></span>nve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g a<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, c<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>l pl<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s, u<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d ca<span class=\"_ _0\"></span>sh<span class=\"_ _0\"></span>, F<span class=\"_ _0\"></span>X s<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r s<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y ba<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s. In<span class=\"_ gs4cd\"> </span>2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>,<span class=\"_ gs4cd\"> </span>O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ei<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>es i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s \u00a35<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>8m d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>fer<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ed c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng to C<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>a di<span class=\"_ _0\"></span>sp<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>sa<span class=\"_ _0\"></span>l (see N<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>te 2<span class=\"_ _0\"></span>8 for f<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r de<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>ls).<span class=\"_ _3b2\"> </span>(i<span class=\"_ _1\"></span>)<span class=\"_ _154\"> </span>Receiv<span class=\"_ _0\"></span>ables under f<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ance lea<span class=\"_ _0\"></span>ses<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Group ac<span class=\"_ _0\"></span>ts as a lesso<span class=\"_ _0\"></span>r of cer<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ain f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>ce le<span class=\"_ _0\"></span>ases<span class=\"_ _0\"></span>, whic<span class=\"_ _0\"></span>h have a weighted averag<span class=\"_ _0\"></span>e dura<span class=\"_ _0\"></span>tion to matur<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y of 34 yea<span class=\"_ _0\"></span>rs as at 31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ber 20<span class=\"_ _0\"></span>24 (202<span class=\"_ _0\"></span>3: 35 year<span class=\"_ _0\"></span>s). <span class=\"_ _1\"></span>Th<span class=\"_ _0\"></span>e cou<span class=\"_ _0\"></span>nterp<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, as lesse<span class=\"_ _0\"></span>e, are re<span class=\"_ _0\"></span>gard<span class=\"_ _0\"></span>ed to be the ec<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>omi<span class=\"_ _0\"></span>c owner of the le<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>d assets<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e futu<span class=\"_ _0\"></span>re minim<span class=\"_ _0\"></span>um leas<span class=\"_ _0\"></span>e paym<span class=\"_ _0\"></span>ents un<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r the arr<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>, togeth<span class=\"_ _0\"></span>er wi<span class=\"_ _0\"></span>th the pres<span class=\"_ _0\"></span>ent valu<span class=\"_ _0\"></span>e, are dis<span class=\"_ _0\"></span>clo<span class=\"_ _0\"></span>sed b<span class=\"_ _0\"></span>elow<span class=\"_ _0\"></span>:<span class=\"_ _3b2\"> </span><table class=\"s w244 h15f\" id=\"_2e261225-9ada-49f9-9c56-a05184bcdaa2\"><tr><td></td><td class=\"t m0 x7bd h13 y4383 ff5 fs9 fc1 sc0 ls38 ws3b\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> future </td><td class=\"t m0 x8d0 h13 y4383 ff5 fs9 fc1 sc0 ls38 ws3a\">Unearned </td><td></td><td class=\"t m0 x493 hf y4383 ff3 fs9 fc1 sc0 ls1 ws16\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> future </td><td class=\"t m0 x8d1 hf y4383 ff3 fs9 fc1 sc0 ls29 ws30\">Unearned </td><td></td></tr><tr><td></td><td class=\"t m0 x8d2 h13 y4384 ff5 fs9 fc1 sc0 ls193 ws1b7\">paym<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s </td><td class=\"t m0 x680 h13 y4384 ff6 fs9 fc1 sc0 ls3d ws131\">interest<span class=\"_ gs6da\"> </span><span class=\"_ _1\"></span>income<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x8d3 h13 y4384 ff6 fs9 fc1 sc0 ls38 ws3a\">Present <span class=\"_ _1\"></span>value<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x324 hf y4384 ff3 fs9 fc1 sc0 ls112 ws6\">paym<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s </td><td class=\"t m0 x31d h10 y4384 ff4 fs9 fc1 sc0 ls18 ws32\">inte<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>st<span class=\"_ gs6db\"> </span>i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x8d4 hf y4384 ff3 fs9 fc1 sc0 ls168 ws123\">Present value<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m0 x8d5 h13 y4385 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x686 h13 y4385 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x430 h13 y4385 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x637 hf y4385 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c6 hf y4385 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c7 hf y4385 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m0 x282 h13 y4386 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x5ef h13 y4386 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x432 h13 y4386 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x433 hf y4386 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c8 hf y4386 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 hf y4386 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y417f w245 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Wi<span class=\"_ _0\"></span>thi<span class=\"_ _0\"></span>n 1 yea<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8d6 y417f w246 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">29<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8d7 y417f w41 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(22)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8d8 y417f w59 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x23f y417f w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">32<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8d9 y417f w5a h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(25)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8da y417f w50 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4170 w247 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">1-2<span class=\"_ _1\"></span> years<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8db y4170 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">30<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8dc y4170 w41 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(22)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8dd y4170 wa8 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">8<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8de y4170 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">32<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8df y4170 w71 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(25)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8e0 y4170 w75 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4180 w248 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">2-<span class=\"_ _0\"></span>3 yea<span class=\"_ _0\"></span>rs<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8e1 y4180 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">28<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8e2 y4180 w41 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(21)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8e3 y4180 wa8 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8e4 y4180 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">32<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8e5 y4180 w71 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(25)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8e6 y4180 w75 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4181 w249 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">3<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>4 yea<span class=\"_ _0\"></span>rs<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8e7 y4181 w246 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">29<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8e8 y4181 w41 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(21)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8e9 y4181 w59 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">8<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8ea y4181 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">31<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8eb y4181 w71 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(24)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8ec y4181 w50 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4183 w249 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">4<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>5 yea<span class=\"_ _0\"></span>rs<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8e7 y4183 w246 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">30<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8e8 y4183 w41 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(21)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8e9 y4183 w59 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">9<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8ea y4183 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">31<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8eb y4183 w71 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(24)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8ec y4183 w50 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4184 w24a h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Af<span class=\"_ _0\"></span>ter 5 y<span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8ed y4184 w4a h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">878<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8ee y4184 w3a h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(386)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8ef y4184 w4a h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">492<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8f0 y4184 w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">961<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8f1 y4184 w4d h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(466)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8f2 y4184 w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">495<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w21b h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws0\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8f3 y40ae w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,024<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8f4 y40ae w3a h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(493)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8f5 y40ae w4a h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">531<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8f6 y40ae w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,119<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8f7 y40ae w3b h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(589)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3c9 y40ae w42 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">530</div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfPrepaymentsAndOtherAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-687": {
   "value": "14<span class=\"ls8d ws0\">.<span class=\"_ _d\"> </span>Rec<span class=\"_ _1\"></span>ei<span class=\"_ _1\"></span>vab<span class=\"_ _1\"></span>les and o<span class=\"_ _1\"></span>ther as<span class=\"_ _1\"></span>sets<span class=\"_ _3b2\"> </span></span><table class=\"s w23a h15e\" id=\"_9b581449-bd1a-430a-beb4-f6a8c2763bdc\"><tr><td></td><td></td><td class=\"t m0 x1c6 h13 y4381 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c7 hf y4381 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m0 x42e hf y4382 ff3 fs9 fc1 sc0 lsee wsf5\">Note<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c8 h13 y4382 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 hf y4382 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y433b w23b h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">Receivables under finance leases<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8c5 y433b w1f0 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">14(i)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8c6 y433b w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">531<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8c7 y433b w42 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">530<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y416e w23c h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Ac<span class=\"_ _0\"></span>cr<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span>d inte<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>t an<span class=\"_ _0\"></span>d ren<span class=\"_ _0\"></span>t<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x225 y416e w4a h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">470<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3b7 y416e w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">655<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y417f w23d h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Pre<span class=\"_ _0\"></span>pay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts a<span class=\"_ _0\"></span>nd a<span class=\"_ _0\"></span>cc<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>ed i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x8c8 y417f w4a h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">375<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x25e y417f w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">396<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y4170 w23e h11a\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws118\">Invent<span class=\"_ _1\"></span>ories</div><div class=\"t m0 x8c9 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x420 y41dd w4a h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">531<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x575 y41dd w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,932<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y4180 w23f h11a\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10e ws54\">Contract assets</div><div class=\"t m0 x8ca h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x420 y4180 w4a h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">149<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x421 y4180 w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">156<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y4181 w240 h11a\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls11e ws5c\">Other receivables</div><div class=\"t m0 x8cb h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x3c6 y419a w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">6,571<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3c7 y419a w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">6,111<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w241 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l re<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>iva<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>s and ot<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>er as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x8cc y4121 w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">8,627<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8cd y4121 w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">9,780<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ac w242 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Du<span class=\"_ _0\"></span>e wit<span class=\"_ _0\"></span>hin 12 mon<span class=\"_ _0\"></span>ths<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x8ce y40ac w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">7,413<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8cf y40ac w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">8,200<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w243 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Du<span class=\"_ _0\"></span>e af<span class=\"_ _0\"></span>ter 12 mont<span class=\"_ _0\"></span>hs<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1e7 y40ae w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,214<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1e8 y40ae w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,580<span class=\"_ _3b2\"> </span></div></td></tr></table>1.<span class=\"_ _1d\"> </span>Inv<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ie<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>nt h<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>e bu<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g st<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>k in<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g la<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>, o<span class=\"_ _0\"></span>pt<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns o<span class=\"_ _0\"></span>n la<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d, w<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>k i<span class=\"_ _0\"></span>n pr<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r i<span class=\"_ _0\"></span>nve<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>tor<span class=\"_ _3\"></span>y.<span class=\"_ _3b2\"> </span>2.<span class=\"_ _1d\"> </span>Co<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y<span class=\"_ _3\"></span>\u2019s rig<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>t to co<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n in e<span class=\"_ _0\"></span>xch<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>e fo<span class=\"_ _0\"></span>r go<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ds o<span class=\"_ _0\"></span>r se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>es t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t h<span class=\"_ _0\"></span>ave b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d to a c<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>r.<span class=\"_ _3b2\"> </span>3.<span class=\"_ _1d\"> </span> <span class=\"_ _9\"></span>O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>vab<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>es i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>e am<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>ts r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>e fr<span class=\"_ _0\"></span>om b<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>ke<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d cl<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ts fo<span class=\"_ _0\"></span>r i<span class=\"_ _0\"></span>nve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g a<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, c<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>l pl<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s, u<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d ca<span class=\"_ _0\"></span>sh<span class=\"_ _0\"></span>, F<span class=\"_ _0\"></span>X s<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r s<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y ba<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s. In<span class=\"_ gs4cd\"> </span>2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>,<span class=\"_ gs4cd\"> </span>O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ei<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>es i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s \u00a35<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>8m d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>fer<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ed c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng to C<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>a di<span class=\"_ _0\"></span>sp<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>sa<span class=\"_ _0\"></span>l (see N<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>te 2<span class=\"_ _0\"></span>8 for f<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r de<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>ls).<span class=\"_ _3b2\"> </span>(i<span class=\"_ _1\"></span>)<span class=\"_ _154\"> </span>Receiv<span class=\"_ _0\"></span>ables under f<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ance lea<span class=\"_ _0\"></span>ses<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Group ac<span class=\"_ _0\"></span>ts as a lesso<span class=\"_ _0\"></span>r of cer<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ain f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>ce le<span class=\"_ _0\"></span>ases<span class=\"_ _0\"></span>, whic<span class=\"_ _0\"></span>h have a weighted averag<span class=\"_ _0\"></span>e dura<span class=\"_ _0\"></span>tion to matur<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y of 34 yea<span class=\"_ _0\"></span>rs as at 31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ber 20<span class=\"_ _0\"></span>24 (202<span class=\"_ _0\"></span>3: 35 year<span class=\"_ _0\"></span>s). <span class=\"_ _1\"></span>Th<span class=\"_ _0\"></span>e cou<span class=\"_ _0\"></span>nterp<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, as lesse<span class=\"_ _0\"></span>e, are re<span class=\"_ _0\"></span>gard<span class=\"_ _0\"></span>ed to be the ec<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>omi<span class=\"_ _0\"></span>c owner of the le<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>d assets<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e futu<span class=\"_ _0\"></span>re minim<span class=\"_ _0\"></span>um leas<span class=\"_ _0\"></span>e paym<span class=\"_ _0\"></span>ents un<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r the arr<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>, togeth<span class=\"_ _0\"></span>er wi<span class=\"_ _0\"></span>th the pres<span class=\"_ _0\"></span>ent valu<span class=\"_ _0\"></span>e, are dis<span class=\"_ _0\"></span>clo<span class=\"_ _0\"></span>sed b<span class=\"_ _0\"></span>elow<span class=\"_ _0\"></span>:<span class=\"_ _3b2\"> </span><table class=\"s w244 h15f\" id=\"_2e261225-9ada-49f9-9c56-a05184bcdaa2\"><tr><td></td><td class=\"t m0 x7bd h13 y4383 ff5 fs9 fc1 sc0 ls38 ws3b\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> future </td><td class=\"t m0 x8d0 h13 y4383 ff5 fs9 fc1 sc0 ls38 ws3a\">Unearned </td><td></td><td class=\"t m0 x493 hf y4383 ff3 fs9 fc1 sc0 ls1 ws16\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> future </td><td class=\"t m0 x8d1 hf y4383 ff3 fs9 fc1 sc0 ls29 ws30\">Unearned </td><td></td></tr><tr><td></td><td class=\"t m0 x8d2 h13 y4384 ff5 fs9 fc1 sc0 ls193 ws1b7\">paym<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s </td><td class=\"t m0 x680 h13 y4384 ff6 fs9 fc1 sc0 ls3d ws131\">interest<span class=\"_ gs6da\"> </span><span class=\"_ _1\"></span>income<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x8d3 h13 y4384 ff6 fs9 fc1 sc0 ls38 ws3a\">Present <span class=\"_ _1\"></span>value<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x324 hf y4384 ff3 fs9 fc1 sc0 ls112 ws6\">paym<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s </td><td class=\"t m0 x31d h10 y4384 ff4 fs9 fc1 sc0 ls18 ws32\">inte<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>st<span class=\"_ gs6db\"> </span>i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x8d4 hf y4384 ff3 fs9 fc1 sc0 ls168 ws123\">Present value<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m0 x8d5 h13 y4385 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x686 h13 y4385 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x430 h13 y4385 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x637 hf y4385 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c6 hf y4385 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c7 hf y4385 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m0 x282 h13 y4386 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x5ef h13 y4386 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x432 h13 y4386 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x433 hf y4386 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c8 hf y4386 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 hf y4386 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y417f w245 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Wi<span class=\"_ _0\"></span>thi<span class=\"_ _0\"></span>n 1 yea<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8d6 y417f w246 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">29<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8d7 y417f w41 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(22)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8d8 y417f w59 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x23f y417f w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">32<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8d9 y417f w5a h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(25)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8da y417f w50 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4170 w247 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">1-2<span class=\"_ _1\"></span> years<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8db y4170 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">30<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8dc y4170 w41 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(22)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8dd y4170 wa8 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">8<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8de y4170 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">32<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8df y4170 w71 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(25)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8e0 y4170 w75 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4180 w248 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">2-<span class=\"_ _0\"></span>3 yea<span class=\"_ _0\"></span>rs<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8e1 y4180 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">28<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8e2 y4180 w41 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(21)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8e3 y4180 wa8 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8e4 y4180 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">32<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8e5 y4180 w71 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(25)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8e6 y4180 w75 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4181 w249 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">3<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>4 yea<span class=\"_ _0\"></span>rs<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8e7 y4181 w246 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">29<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8e8 y4181 w41 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(21)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8e9 y4181 w59 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">8<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8ea y4181 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">31<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8eb y4181 w71 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(24)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8ec y4181 w50 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4183 w249 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">4<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>5 yea<span class=\"_ _0\"></span>rs<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8e7 y4183 w246 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">30<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8e8 y4183 w41 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(21)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8e9 y4183 w59 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">9<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8ea y4183 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">31<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8eb y4183 w71 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(24)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8ec y4183 w50 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4184 w24a h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Af<span class=\"_ _0\"></span>ter 5 y<span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8ed y4184 w4a h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">878<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8ee y4184 w3a h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(386)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8ef y4184 w4a h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">492<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8f0 y4184 w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">961<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8f1 y4184 w4d h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(466)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8f2 y4184 w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">495<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w21b h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws0\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8f3 y40ae w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,024<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8f4 y40ae w3a h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(493)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8f5 y40ae w4a h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">531<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8f6 y40ae w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,119<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8f7 y40ae w3b h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(589)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3c9 y40ae w42 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">530</div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-709": {
   "value": "14<span class=\"ls8d ws0\">.<span class=\"_ _d\"> </span>Rec<span class=\"_ _1\"></span>ei<span class=\"_ _1\"></span>vab<span class=\"_ _1\"></span>les and o<span class=\"_ _1\"></span>ther as<span class=\"_ _1\"></span>sets<span class=\"_ _3b2\"> </span></span><table class=\"s w23a h15e\" id=\"_9b581449-bd1a-430a-beb4-f6a8c2763bdc\"><tr><td></td><td></td><td class=\"t m0 x1c6 h13 y4381 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c7 hf y4381 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m0 x42e hf y4382 ff3 fs9 fc1 sc0 lsee wsf5\">Note<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c8 h13 y4382 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 hf y4382 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y433b w23b h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">Receivables under finance leases<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8c5 y433b w1f0 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">14(i)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8c6 y433b w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">531<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8c7 y433b w42 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">530<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y416e w23c h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Ac<span class=\"_ _0\"></span>cr<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span>d inte<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>t an<span class=\"_ _0\"></span>d ren<span class=\"_ _0\"></span>t<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x225 y416e w4a h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">470<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3b7 y416e w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">655<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y417f w23d h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Pre<span class=\"_ _0\"></span>pay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts a<span class=\"_ _0\"></span>nd a<span class=\"_ _0\"></span>cc<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>ed i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x8c8 y417f w4a h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">375<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x25e y417f w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">396<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y4170 w23e h11a\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws118\">Invent<span class=\"_ _1\"></span>ories</div><div class=\"t m0 x8c9 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x420 y41dd w4a h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">531<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x575 y41dd w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,932<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y4180 w23f h11a\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10e ws54\">Contract assets</div><div class=\"t m0 x8ca h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x420 y4180 w4a h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">149<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x421 y4180 w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">156<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y4181 w240 h11a\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls11e ws5c\">Other receivables</div><div class=\"t m0 x8cb h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x3c6 y419a w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">6,571<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3c7 y419a w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">6,111<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w241 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l re<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>iva<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>s and ot<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>er as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x8cc y4121 w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">8,627<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8cd y4121 w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">9,780<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ac w242 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Du<span class=\"_ _0\"></span>e wit<span class=\"_ _0\"></span>hin 12 mon<span class=\"_ _0\"></span>ths<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x8ce y40ac w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">7,413<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8cf y40ac w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">8,200<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w243 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Du<span class=\"_ _0\"></span>e af<span class=\"_ _0\"></span>ter 12 mont<span class=\"_ _0\"></span>hs<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1e7 y40ae w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,214<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1e8 y40ae w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,580<span class=\"_ _3b2\"> </span></div></td></tr></table>1.<span class=\"_ _1d\"> </span>Inv<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ie<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>nt h<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>e bu<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g st<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>k in<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g la<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>, o<span class=\"_ _0\"></span>pt<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns o<span class=\"_ _0\"></span>n la<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d, w<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>k i<span class=\"_ _0\"></span>n pr<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r i<span class=\"_ _0\"></span>nve<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>tor<span class=\"_ _3\"></span>y.<span class=\"_ _3b2\"> </span>2.<span class=\"_ _1d\"> </span>Co<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y<span class=\"_ _3\"></span>\u2019s rig<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>t to co<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n in e<span class=\"_ _0\"></span>xch<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>e fo<span class=\"_ _0\"></span>r go<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ds o<span class=\"_ _0\"></span>r se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>es t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t h<span class=\"_ _0\"></span>ave b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d to a c<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>r.<span class=\"_ _3b2\"> </span>3.<span class=\"_ _1d\"> </span> <span class=\"_ _9\"></span>O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>vab<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>es i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>e am<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>ts r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>e fr<span class=\"_ _0\"></span>om b<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>ke<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d cl<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ts fo<span class=\"_ _0\"></span>r i<span class=\"_ _0\"></span>nve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g a<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, c<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>l pl<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s, u<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d ca<span class=\"_ _0\"></span>sh<span class=\"_ _0\"></span>, F<span class=\"_ _0\"></span>X s<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r s<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y ba<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s. In<span class=\"_ gs4cd\"> </span>2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>,<span class=\"_ gs4cd\"> </span>O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ei<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>es i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s \u00a35<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>8m d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>fer<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ed c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng to C<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>a di<span class=\"_ _0\"></span>sp<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>sa<span class=\"_ _0\"></span>l (see N<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>te 2<span class=\"_ _0\"></span>8 for f<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r de<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>ls).<span class=\"_ _3b2\"> </span>(i<span class=\"_ _1\"></span>)<span class=\"_ _154\"> </span>Receiv<span class=\"_ _0\"></span>ables under f<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ance lea<span class=\"_ _0\"></span>ses<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Group ac<span class=\"_ _0\"></span>ts as a lesso<span class=\"_ _0\"></span>r of cer<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ain f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>ce le<span class=\"_ _0\"></span>ases<span class=\"_ _0\"></span>, whic<span class=\"_ _0\"></span>h have a weighted averag<span class=\"_ _0\"></span>e dura<span class=\"_ _0\"></span>tion to matur<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y of 34 yea<span class=\"_ _0\"></span>rs as at 31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ber 20<span class=\"_ _0\"></span>24 (202<span class=\"_ _0\"></span>3: 35 year<span class=\"_ _0\"></span>s). <span class=\"_ _1\"></span>Th<span class=\"_ _0\"></span>e cou<span class=\"_ _0\"></span>nterp<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, as lesse<span class=\"_ _0\"></span>e, are re<span class=\"_ _0\"></span>gard<span class=\"_ _0\"></span>ed to be the ec<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>omi<span class=\"_ _0\"></span>c owner of the le<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>d assets<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e futu<span class=\"_ _0\"></span>re minim<span class=\"_ _0\"></span>um leas<span class=\"_ _0\"></span>e paym<span class=\"_ _0\"></span>ents un<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r the arr<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>, togeth<span class=\"_ _0\"></span>er wi<span class=\"_ _0\"></span>th the pres<span class=\"_ _0\"></span>ent valu<span class=\"_ _0\"></span>e, are dis<span class=\"_ _0\"></span>clo<span class=\"_ _0\"></span>sed b<span class=\"_ _0\"></span>elow<span class=\"_ _0\"></span>:<span class=\"_ _3b2\"> </span><table class=\"s w244 h15f\" id=\"_2e261225-9ada-49f9-9c56-a05184bcdaa2\"><tr><td></td><td class=\"t m0 x7bd h13 y4383 ff5 fs9 fc1 sc0 ls38 ws3b\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> future </td><td class=\"t m0 x8d0 h13 y4383 ff5 fs9 fc1 sc0 ls38 ws3a\">Unearned </td><td></td><td class=\"t m0 x493 hf y4383 ff3 fs9 fc1 sc0 ls1 ws16\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> future </td><td class=\"t m0 x8d1 hf y4383 ff3 fs9 fc1 sc0 ls29 ws30\">Unearned </td><td></td></tr><tr><td></td><td class=\"t m0 x8d2 h13 y4384 ff5 fs9 fc1 sc0 ls193 ws1b7\">paym<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s </td><td class=\"t m0 x680 h13 y4384 ff6 fs9 fc1 sc0 ls3d ws131\">interest<span class=\"_ gs6da\"> </span><span class=\"_ _1\"></span>income<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x8d3 h13 y4384 ff6 fs9 fc1 sc0 ls38 ws3a\">Present <span class=\"_ _1\"></span>value<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x324 hf y4384 ff3 fs9 fc1 sc0 ls112 ws6\">paym<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s </td><td class=\"t m0 x31d h10 y4384 ff4 fs9 fc1 sc0 ls18 ws32\">inte<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>st<span class=\"_ gs6db\"> </span>i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x8d4 hf y4384 ff3 fs9 fc1 sc0 ls168 ws123\">Present value<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m0 x8d5 h13 y4385 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x686 h13 y4385 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x430 h13 y4385 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x637 hf y4385 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c6 hf y4385 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c7 hf y4385 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m0 x282 h13 y4386 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x5ef h13 y4386 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x432 h13 y4386 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x433 hf y4386 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c8 hf y4386 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 hf y4386 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y417f w245 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Wi<span class=\"_ _0\"></span>thi<span class=\"_ _0\"></span>n 1 yea<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8d6 y417f w246 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">29<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8d7 y417f w41 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(22)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8d8 y417f w59 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x23f y417f w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">32<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8d9 y417f w5a h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(25)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8da y417f w50 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4170 w247 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">1-2<span class=\"_ _1\"></span> years<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8db y4170 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">30<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8dc y4170 w41 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(22)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8dd y4170 wa8 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">8<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8de y4170 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">32<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8df y4170 w71 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(25)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8e0 y4170 w75 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4180 w248 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">2-<span class=\"_ _0\"></span>3 yea<span class=\"_ _0\"></span>rs<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8e1 y4180 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">28<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8e2 y4180 w41 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(21)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8e3 y4180 wa8 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8e4 y4180 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">32<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8e5 y4180 w71 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(25)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8e6 y4180 w75 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4181 w249 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">3<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>4 yea<span class=\"_ _0\"></span>rs<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8e7 y4181 w246 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">29<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8e8 y4181 w41 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(21)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8e9 y4181 w59 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">8<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8ea y4181 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">31<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8eb y4181 w71 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(24)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8ec y4181 w50 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4183 w249 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">4<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>5 yea<span class=\"_ _0\"></span>rs<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8e7 y4183 w246 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">30<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8e8 y4183 w41 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(21)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8e9 y4183 w59 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">9<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8ea y4183 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">31<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8eb y4183 w71 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(24)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8ec y4183 w50 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4184 w24a h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Af<span class=\"_ _0\"></span>ter 5 y<span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8ed y4184 w4a h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">878<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8ee y4184 w3a h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(386)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8ef y4184 w4a h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">492<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8f0 y4184 w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">961<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8f1 y4184 w4d h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(466)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8f2 y4184 w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">495<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w21b h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws0\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8f3 y40ae w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,024<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8f4 y40ae w3a h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(493)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8f5 y40ae w4a h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">531<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8f6 y40ae w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,119<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8f7 y40ae w3b h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(589)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3c9 y40ae w42 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">530</div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherCurrentAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-721": {
   "value": "14<span class=\"ls8d ws0\">.<span class=\"_ _d\"> </span>Rec<span class=\"_ _1\"></span>ei<span class=\"_ _1\"></span>vab<span class=\"_ _1\"></span>les and o<span class=\"_ _1\"></span>ther as<span class=\"_ _1\"></span>sets<span class=\"_ _3b2\"> </span></span><table class=\"s w23a h15e\" id=\"_9b581449-bd1a-430a-beb4-f6a8c2763bdc\"><tr><td></td><td></td><td class=\"t m0 x1c6 h13 y4381 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c7 hf y4381 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m0 x42e hf y4382 ff3 fs9 fc1 sc0 lsee wsf5\">Note<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c8 h13 y4382 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 hf y4382 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y433b w23b h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">Receivables under finance leases<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8c5 y433b w1f0 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">14(i)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8c6 y433b w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">531<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8c7 y433b w42 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">530<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y416e w23c h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Ac<span class=\"_ _0\"></span>cr<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span>d inte<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>t an<span class=\"_ _0\"></span>d ren<span class=\"_ _0\"></span>t<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x225 y416e w4a h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">470<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3b7 y416e w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">655<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y417f w23d h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Pre<span class=\"_ _0\"></span>pay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts a<span class=\"_ _0\"></span>nd a<span class=\"_ _0\"></span>cc<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>ed i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x8c8 y417f w4a h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">375<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x25e y417f w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">396<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y4170 w23e h11a\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws118\">Invent<span class=\"_ _1\"></span>ories</div><div class=\"t m0 x8c9 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x420 y41dd w4a h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">531<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x575 y41dd w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,932<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y4180 w23f h11a\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10e ws54\">Contract assets</div><div class=\"t m0 x8ca h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x420 y4180 w4a h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">149<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x421 y4180 w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">156<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y4181 w240 h11a\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls11e ws5c\">Other receivables</div><div class=\"t m0 x8cb h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x3c6 y419a w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">6,571<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3c7 y419a w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">6,111<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w241 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l re<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>iva<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>s and ot<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>er as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x8cc y4121 w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">8,627<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8cd y4121 w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">9,780<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ac w242 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Du<span class=\"_ _0\"></span>e wit<span class=\"_ _0\"></span>hin 12 mon<span class=\"_ _0\"></span>ths<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x8ce y40ac w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">7,413<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8cf y40ac w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">8,200<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w243 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Du<span class=\"_ _0\"></span>e af<span class=\"_ _0\"></span>ter 12 mont<span class=\"_ _0\"></span>hs<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1e7 y40ae w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,214<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1e8 y40ae w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,580<span class=\"_ _3b2\"> </span></div></td></tr></table>1.<span class=\"_ _1d\"> </span>Inv<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ie<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>nt h<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>e bu<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g st<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>k in<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g la<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>, o<span class=\"_ _0\"></span>pt<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns o<span class=\"_ _0\"></span>n la<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d, w<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>k i<span class=\"_ _0\"></span>n pr<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r i<span class=\"_ _0\"></span>nve<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>tor<span class=\"_ _3\"></span>y.<span class=\"_ _3b2\"> </span>2.<span class=\"_ _1d\"> </span>Co<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y<span class=\"_ _3\"></span>\u2019s rig<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>t to co<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n in e<span class=\"_ _0\"></span>xch<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>e fo<span class=\"_ _0\"></span>r go<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ds o<span class=\"_ _0\"></span>r se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>es t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t h<span class=\"_ _0\"></span>ave b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d to a c<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>r.<span class=\"_ _3b2\"> </span>3.<span class=\"_ _1d\"> </span> <span class=\"_ _9\"></span>O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>vab<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>es i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>e am<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>ts r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>e fr<span class=\"_ _0\"></span>om b<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>ke<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d cl<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ts fo<span class=\"_ _0\"></span>r i<span class=\"_ _0\"></span>nve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g a<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, c<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>l pl<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s, u<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d ca<span class=\"_ _0\"></span>sh<span class=\"_ _0\"></span>, F<span class=\"_ _0\"></span>X s<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r s<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y ba<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s. In<span class=\"_ gs4cd\"> </span>2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>,<span class=\"_ gs4cd\"> </span>O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ei<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>es i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s \u00a35<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>8m d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>fer<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ed c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng to C<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>a di<span class=\"_ _0\"></span>sp<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>sa<span class=\"_ _0\"></span>l (see N<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>te 2<span class=\"_ _0\"></span>8 for f<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r de<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>ls).<span class=\"_ _3b2\"> </span>(i<span class=\"_ _1\"></span>)<span class=\"_ _154\"> </span>Receiv<span class=\"_ _0\"></span>ables under f<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ance lea<span class=\"_ _0\"></span>ses<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Group ac<span class=\"_ _0\"></span>ts as a lesso<span class=\"_ _0\"></span>r of cer<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ain f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>ce le<span class=\"_ _0\"></span>ases<span class=\"_ _0\"></span>, whic<span class=\"_ _0\"></span>h have a weighted averag<span class=\"_ _0\"></span>e dura<span class=\"_ _0\"></span>tion to matur<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y of 34 yea<span class=\"_ _0\"></span>rs as at 31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ber 20<span class=\"_ _0\"></span>24 (202<span class=\"_ _0\"></span>3: 35 year<span class=\"_ _0\"></span>s). <span class=\"_ _1\"></span>Th<span class=\"_ _0\"></span>e cou<span class=\"_ _0\"></span>nterp<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, as lesse<span class=\"_ _0\"></span>e, are re<span class=\"_ _0\"></span>gard<span class=\"_ _0\"></span>ed to be the ec<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>omi<span class=\"_ _0\"></span>c owner of the le<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>d assets<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e futu<span class=\"_ _0\"></span>re minim<span class=\"_ _0\"></span>um leas<span class=\"_ _0\"></span>e paym<span class=\"_ _0\"></span>ents un<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r the arr<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>, togeth<span class=\"_ _0\"></span>er wi<span class=\"_ _0\"></span>th the pres<span class=\"_ _0\"></span>ent valu<span class=\"_ _0\"></span>e, are dis<span class=\"_ _0\"></span>clo<span class=\"_ _0\"></span>sed b<span class=\"_ _0\"></span>elow<span class=\"_ _0\"></span>:<span class=\"_ _3b2\"> </span><table class=\"s w244 h15f\" id=\"_2e261225-9ada-49f9-9c56-a05184bcdaa2\"><tr><td></td><td class=\"t m0 x7bd h13 y4383 ff5 fs9 fc1 sc0 ls38 ws3b\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> future </td><td class=\"t m0 x8d0 h13 y4383 ff5 fs9 fc1 sc0 ls38 ws3a\">Unearned </td><td></td><td class=\"t m0 x493 hf y4383 ff3 fs9 fc1 sc0 ls1 ws16\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> future </td><td class=\"t m0 x8d1 hf y4383 ff3 fs9 fc1 sc0 ls29 ws30\">Unearned </td><td></td></tr><tr><td></td><td class=\"t m0 x8d2 h13 y4384 ff5 fs9 fc1 sc0 ls193 ws1b7\">paym<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s </td><td class=\"t m0 x680 h13 y4384 ff6 fs9 fc1 sc0 ls3d ws131\">interest<span class=\"_ gs6da\"> </span><span class=\"_ _1\"></span>income<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x8d3 h13 y4384 ff6 fs9 fc1 sc0 ls38 ws3a\">Present <span class=\"_ _1\"></span>value<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x324 hf y4384 ff3 fs9 fc1 sc0 ls112 ws6\">paym<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s </td><td class=\"t m0 x31d h10 y4384 ff4 fs9 fc1 sc0 ls18 ws32\">inte<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>st<span class=\"_ gs6db\"> </span>i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x8d4 hf y4384 ff3 fs9 fc1 sc0 ls168 ws123\">Present value<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m0 x8d5 h13 y4385 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x686 h13 y4385 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x430 h13 y4385 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x637 hf y4385 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c6 hf y4385 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c7 hf y4385 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m0 x282 h13 y4386 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x5ef h13 y4386 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x432 h13 y4386 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x433 hf y4386 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c8 hf y4386 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 hf y4386 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y417f w245 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Wi<span class=\"_ _0\"></span>thi<span class=\"_ _0\"></span>n 1 yea<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8d6 y417f w246 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">29<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8d7 y417f w41 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(22)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8d8 y417f w59 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x23f y417f w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">32<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8d9 y417f w5a h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(25)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8da y417f w50 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4170 w247 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">1-2<span class=\"_ _1\"></span> years<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8db y4170 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">30<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8dc y4170 w41 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(22)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8dd y4170 wa8 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">8<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8de y4170 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">32<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8df y4170 w71 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(25)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8e0 y4170 w75 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4180 w248 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">2-<span class=\"_ _0\"></span>3 yea<span class=\"_ _0\"></span>rs<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8e1 y4180 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">28<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8e2 y4180 w41 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(21)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8e3 y4180 wa8 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8e4 y4180 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">32<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8e5 y4180 w71 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(25)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8e6 y4180 w75 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4181 w249 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">3<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>4 yea<span class=\"_ _0\"></span>rs<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8e7 y4181 w246 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">29<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8e8 y4181 w41 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(21)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8e9 y4181 w59 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">8<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8ea y4181 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">31<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8eb y4181 w71 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(24)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8ec y4181 w50 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4183 w249 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">4<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>5 yea<span class=\"_ _0\"></span>rs<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8e7 y4183 w246 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">30<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8e8 y4183 w41 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(21)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8e9 y4183 w59 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">9<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8ea y4183 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">31<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8eb y4183 w71 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(24)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8ec y4183 w50 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4184 w24a h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Af<span class=\"_ _0\"></span>ter 5 y<span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8ed y4184 w4a h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">878<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8ee y4184 w3a h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(386)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8ef y4184 w4a h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">492<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8f0 y4184 w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">961<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8f1 y4184 w4d h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(466)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8f2 y4184 w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">495<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w21b h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws0\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8f3 y40ae w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,024<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8f4 y40ae w3a h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(493)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8f5 y40ae w4a h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">531<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8f6 y40ae w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,119<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8f7 y40ae w3b h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(589)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3c9 y40ae w42 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">530</div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherNoncurrentAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-727": {
   "value": "(i<span class=\"_ _1\"></span>)<span class=\"_ _154\"> </span>Receiv<span class=\"_ _0\"></span>ables under f<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ance lea<span class=\"_ _0\"></span>ses<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Group ac<span class=\"_ _0\"></span>ts as a lesso<span class=\"_ _0\"></span>r of cer<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ain f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>ce le<span class=\"_ _0\"></span>ases<span class=\"_ _0\"></span>, whic<span class=\"_ _0\"></span>h have a weighted averag<span class=\"_ _0\"></span>e dura<span class=\"_ _0\"></span>tion to matur<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y of 34 yea<span class=\"_ _0\"></span>rs as at 31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ber 20<span class=\"_ _0\"></span>24 (202<span class=\"_ _0\"></span>3: 35 year<span class=\"_ _0\"></span>s). <span class=\"_ _1\"></span>Th<span class=\"_ _0\"></span>e cou<span class=\"_ _0\"></span>nterp<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, as lesse<span class=\"_ _0\"></span>e, are re<span class=\"_ _0\"></span>gard<span class=\"_ _0\"></span>ed to be the ec<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>omi<span class=\"_ _0\"></span>c owner of the le<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>d assets<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e futu<span class=\"_ _0\"></span>re minim<span class=\"_ _0\"></span>um leas<span class=\"_ _0\"></span>e paym<span class=\"_ _0\"></span>ents un<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r the arr<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>, togeth<span class=\"_ _0\"></span>er wi<span class=\"_ _0\"></span>th the pres<span class=\"_ _0\"></span>ent valu<span class=\"_ _0\"></span>e, are dis<span class=\"_ _0\"></span>clo<span class=\"_ _0\"></span>sed b<span class=\"_ _0\"></span>elow<span class=\"_ _0\"></span>:<span class=\"_ _3b2\"> </span><table class=\"s w244 h15f\" id=\"_2e261225-9ada-49f9-9c56-a05184bcdaa2\"><tr><td></td><td class=\"t m0 x7bd h13 y4383 ff5 fs9 fc1 sc0 ls38 ws3b\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> future </td><td class=\"t m0 x8d0 h13 y4383 ff5 fs9 fc1 sc0 ls38 ws3a\">Unearned </td><td></td><td class=\"t m0 x493 hf y4383 ff3 fs9 fc1 sc0 ls1 ws16\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> future </td><td class=\"t m0 x8d1 hf y4383 ff3 fs9 fc1 sc0 ls29 ws30\">Unearned </td><td></td></tr><tr><td></td><td class=\"t m0 x8d2 h13 y4384 ff5 fs9 fc1 sc0 ls193 ws1b7\">paym<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s </td><td class=\"t m0 x680 h13 y4384 ff6 fs9 fc1 sc0 ls3d ws131\">interest<span class=\"_ gs6da\"> </span><span class=\"_ _1\"></span>income<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x8d3 h13 y4384 ff6 fs9 fc1 sc0 ls38 ws3a\">Present <span class=\"_ _1\"></span>value<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x324 hf y4384 ff3 fs9 fc1 sc0 ls112 ws6\">paym<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s </td><td class=\"t m0 x31d h10 y4384 ff4 fs9 fc1 sc0 ls18 ws32\">inte<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>st<span class=\"_ gs6db\"> </span>i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x8d4 hf y4384 ff3 fs9 fc1 sc0 ls168 ws123\">Present value<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m0 x8d5 h13 y4385 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x686 h13 y4385 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x430 h13 y4385 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x637 hf y4385 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c6 hf y4385 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c7 hf y4385 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m0 x282 h13 y4386 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x5ef h13 y4386 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x432 h13 y4386 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x433 hf y4386 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c8 hf y4386 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 hf y4386 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y417f w245 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Wi<span class=\"_ _0\"></span>thi<span class=\"_ _0\"></span>n 1 yea<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8d6 y417f w246 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">29<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8d7 y417f w41 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(22)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8d8 y417f w59 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x23f y417f w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">32<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8d9 y417f w5a h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(25)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8da y417f w50 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4170 w247 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">1-2<span class=\"_ _1\"></span> years<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8db y4170 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">30<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8dc y4170 w41 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(22)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8dd y4170 wa8 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">8<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8de y4170 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">32<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8df y4170 w71 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(25)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8e0 y4170 w75 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4180 w248 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">2-<span class=\"_ _0\"></span>3 yea<span class=\"_ _0\"></span>rs<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8e1 y4180 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">28<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8e2 y4180 w41 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(21)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8e3 y4180 wa8 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8e4 y4180 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">32<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8e5 y4180 w71 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(25)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8e6 y4180 w75 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4181 w249 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">3<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>4 yea<span class=\"_ _0\"></span>rs<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8e7 y4181 w246 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">29<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8e8 y4181 w41 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(21)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8e9 y4181 w59 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">8<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8ea y4181 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">31<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8eb y4181 w71 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(24)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8ec y4181 w50 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4183 w249 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">4<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>5 yea<span class=\"_ _0\"></span>rs<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8e7 y4183 w246 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">30<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8e8 y4183 w41 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(21)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8e9 y4183 w59 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">9<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8ea y4183 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">31<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8eb y4183 w71 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(24)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8ec y4183 w50 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4184 w24a h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Af<span class=\"_ _0\"></span>ter 5 y<span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8ed y4184 w4a h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">878<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8ee y4184 w3a h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(386)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8ef y4184 w4a h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">492<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8f0 y4184 w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">961<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8f1 y4184 w4d h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(466)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8f2 y4184 w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">495<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w21b h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws0\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8f3 y40ae w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,024<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8f4 y40ae w3a h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(493)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8f5 y40ae w4a h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">531<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8f6 y40ae w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,119<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8f7 y40ae w3b h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(589)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3c9 y40ae w42 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">530</div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfMaturityAnalysisOfFinanceLeasePaymentsReceivableExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-598": {
   "value": "<div class=\"t m2 he ff1 fs8 fc2 sc0 ls4e ws58 gs6dd\">15<span class=\"ls8d ws0\">.<span class=\"_ _d\"> </span>C<span class=\"_ _1\"></span>ash and cash e<span class=\"_ _1\"></span>quivalen<span class=\"_ _1\"></span>ts<span class=\"_ _3b2\"> </span></span></div><div class=\"gs606\"><table class=\"s w1ea h160\" id=\"_bb571330-47d8-44ef-b942-5215ec956c4a\"><tr><td></td><td class=\"t m2 x5f2 h13 y4387 ff5 fs9 fc1 sc0 ls3b ws45\">Shareholder<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x27f h13 y4387 ff5 fs9 fc1 sc0 ls18 ws0\">Un<span class=\"_ _0\"></span>it l<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>nke<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 h13 y4387 ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x431 h13 y4388 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c6 h13 y4388 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 h13 y4388 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x433 h13 y4389 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 h13 y4389 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 h13 y4389 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y419e w24b h116\"><div class=\"t m2 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls56 ws0\">Cas<span class=\"_ _0\"></span>h at ba<span class=\"_ _0\"></span>nk an<span class=\"_ _0\"></span>d in h<span class=\"_ _0\"></span>and<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x60d y419e w36 h116\"><div class=\"t m2 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls56 ws55\">1,098<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x240 y419e w36 h116\"><div class=\"t m2 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls56 ws55\">3,502<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x60e y419e w36 h116\"><div class=\"t m2 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls56 ws55\">4,600<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4108 w24c h116\"><div class=\"t m2 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls114 ws10d\">Cash equi<span class=\"_ _0\"></span>valents<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8f8 y4108 w36 h116\"><div class=\"t m2 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls56 ws55\">2,659<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8f9 y4108 w36 h116\"><div class=\"t m2 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls56 ws55\">9,398<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8fa y4108 w2f h116\"><div class=\"t m2 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls56 ws55\">12,057<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w24d h116\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l ca<span class=\"_ _0\"></span>sh an<span class=\"_ _0\"></span>d cas<span class=\"_ _0\"></span>h eq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ts<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x830 y40ae w36 h116\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">3,757<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8fb y40ae w2f h116\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">12,900<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x785 y40ae w93 h116\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">16,657<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"gs6de\"><table class=\"s w24e h161\" id=\"_b6d022ea-73ef-4825-9895-786f7be4bb16\"><tr><td></td><td class=\"t m2 x4c4 hf y438a ff3 fs9 fc1 sc0 ls29 ws30\">Shareholder<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x615 hf y438a ff3 fs9 fc1 sc0 ls18 ws0\">Un<span class=\"_ _0\"></span>it li<span class=\"_ _0\"></span>nke<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y438a ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x637 hf y438b ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c6 hf y438b ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y438b ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x433 hf y438c ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 hf y438c ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y438c ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y4121 w24b h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Cas<span class=\"_ _0\"></span>h at ba<span class=\"_ _0\"></span>nk an<span class=\"_ _0\"></span>d in h<span class=\"_ _0\"></span>and<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8fc y4121 w37 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,026<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8fd y4121 w37 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,918<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x814 y4121 w30 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,944<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4158 w24c h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls114 ws10d\">Cash equi<span class=\"_ _0\"></span>valents<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8fe y4158 w37 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,209<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8ff y4158 wd3 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">14,360<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x262 y4158 w3e h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">17,569<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w24f h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">T<span class=\"_ _1\"></span>otal ca<span class=\"_ _0\"></span>sh an<span class=\"_ _0\"></span>d ca<span class=\"_ _0\"></span>sh e<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>val<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x900 y40ae w30 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">4,235<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x901 y40ae w3e h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">16,278<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x902 y40ae w3e h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">20,513</div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCashAndCashEquivalentsExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-654": {
   "value": "15<span class=\"ls8d ws0\">.<span class=\"_ _d\"> </span>C<span class=\"_ _1\"></span>ash and cash e<span class=\"_ _1\"></span>quivalen<span class=\"_ _1\"></span>ts<span class=\"_ _3b2\"> </span></span><table class=\"s w1ea h160\" id=\"_bb571330-47d8-44ef-b942-5215ec956c4a\"><tr><td></td><td class=\"t m2 x5f2 h13 y4387 ff5 fs9 fc1 sc0 ls3b ws45\">Shareholder<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x27f h13 y4387 ff5 fs9 fc1 sc0 ls18 ws0\">Un<span class=\"_ _0\"></span>it l<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>nke<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 h13 y4387 ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x431 h13 y4388 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c6 h13 y4388 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 h13 y4388 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x433 h13 y4389 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 h13 y4389 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 h13 y4389 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y419e w24b h116\"><div class=\"t m2 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls56 ws0\">Cas<span class=\"_ _0\"></span>h at ba<span class=\"_ _0\"></span>nk an<span class=\"_ _0\"></span>d in h<span class=\"_ _0\"></span>and<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x60d y419e w36 h116\"><div class=\"t m2 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls56 ws55\">1,098<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x240 y419e w36 h116\"><div class=\"t m2 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls56 ws55\">3,502<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x60e y419e w36 h116\"><div class=\"t m2 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls56 ws55\">4,600<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4108 w24c h116\"><div class=\"t m2 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls114 ws10d\">Cash equi<span class=\"_ _0\"></span>valents<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8f8 y4108 w36 h116\"><div class=\"t m2 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls56 ws55\">2,659<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8f9 y4108 w36 h116\"><div class=\"t m2 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls56 ws55\">9,398<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8fa y4108 w2f h116\"><div class=\"t m2 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls56 ws55\">12,057<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w24d h116\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l ca<span class=\"_ _0\"></span>sh an<span class=\"_ _0\"></span>d cas<span class=\"_ _0\"></span>h eq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ts<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x830 y40ae w36 h116\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">3,757<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8fb y40ae w2f h116\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">12,900<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x785 y40ae w93 h116\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">16,657<span class=\"_ _3b2\"> </span></div></td></tr></table><table class=\"s w24e h161\" id=\"_b6d022ea-73ef-4825-9895-786f7be4bb16\"><tr><td></td><td class=\"t m2 x4c4 hf y438a ff3 fs9 fc1 sc0 ls29 ws30\">Shareholder<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x615 hf y438a ff3 fs9 fc1 sc0 ls18 ws0\">Un<span class=\"_ _0\"></span>it li<span class=\"_ _0\"></span>nke<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y438a ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x637 hf y438b ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c6 hf y438b ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y438b ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x433 hf y438c ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 hf y438c ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y438c ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y4121 w24b h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Cas<span class=\"_ _0\"></span>h at ba<span class=\"_ _0\"></span>nk an<span class=\"_ _0\"></span>d in h<span class=\"_ _0\"></span>and<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8fc y4121 w37 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,026<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8fd y4121 w37 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,918<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x814 y4121 w30 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,944<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4158 w24c h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls114 ws10d\">Cash equi<span class=\"_ _0\"></span>valents<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8fe y4158 w37 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,209<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8ff y4158 wd3 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">14,360<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x262 y4158 w3e h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">17,569<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w24f h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">T<span class=\"_ _1\"></span>otal ca<span class=\"_ _0\"></span>sh an<span class=\"_ _0\"></span>d ca<span class=\"_ _0\"></span>sh e<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>val<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x900 y40ae w30 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">4,235<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x901 y40ae w3e h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">16,278<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x902 y40ae w3e h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">20,513</div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCashAndBankBalancesAtCentralBanksExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-688": {
   "value": "16<span class=\"ls26 ws93\">.<span class=\"_ _d\"> </span>Ma<span class=\"_ _0\"></span>rket r<span class=\"_ _0\"></span>isk<span class=\"_ _3b2\"> </span></span>(i<span class=\"_ _1\"></span>)<span class=\"_ _154\"> </span>Invest<span class=\"_ _0\"></span>ment per<span class=\"_ _0\"></span>forma<span class=\"_ _0\"></span>nce r<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>k<span class=\"_ _3b2\"> </span>(<span class=\"_ _1\"></span>a) <span class=\"_ _4f\"> </span>Equ<span class=\"_ _0\"></span>it<span class=\"_ _3\"></span>y se<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Group c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ols its ex<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>ure to geog<span class=\"_ _0\"></span>rap<span class=\"_ _0\"></span>hic pr<span class=\"_ _0\"></span>ice r<span class=\"_ _0\"></span>isks by using in<span class=\"_ _0\"></span>terna<span class=\"_ _0\"></span>l coun<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>y ris<span class=\"_ _0\"></span>k expo<span class=\"_ _0\"></span>sure lim<span class=\"_ _0\"></span>its<span class=\"_ _0\"></span>. The<span class=\"_ _0\"></span>se exp<span class=\"_ _0\"></span>osur<span class=\"_ _0\"></span>e limits are ba<span class=\"_ _0\"></span>sed on<span class=\"_ _0\"></span> mac<span class=\"_ _0\"></span>roe<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>no<span class=\"_ _0\"></span>mic dat<span class=\"_ _0\"></span>a and key qualit<span class=\"_ _0\"></span>ative ind<span class=\"_ _0\"></span>icato<span class=\"_ _0\"></span>rs. T<span class=\"_ _0\"></span>he lat<span class=\"_ _0\"></span>ter take into acc<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nt ec<span class=\"_ _0\"></span>ono<span class=\"_ _0\"></span>mic<span class=\"_ _0\"></span>, so<span class=\"_ _0\"></span>cial an<span class=\"_ _0\"></span>d poli<span class=\"_ _0\"></span>tic<span class=\"_ _0\"></span>al enviro<span class=\"_ _0\"></span>nm<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e tabl<span class=\"_ _0\"></span>e below<span class=\"_ _0\"></span> indi<span class=\"_ _0\"></span>cates the G<span class=\"_ _0\"></span>roup\u2019s exp<span class=\"_ _0\"></span>osure to dif<span class=\"_ _0\"></span>feren<span class=\"_ _0\"></span>t equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y market<span class=\"_ _0\"></span>s aroun<span class=\"_ _0\"></span>d the worl<span class=\"_ _0\"></span>d. Un<span class=\"_ _0\"></span>it linke<span class=\"_ _0\"></span>d equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y investm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s are exclud<span class=\"_ _0\"></span>ed fro<span class=\"_ _0\"></span>m the tabl<span class=\"_ _0\"></span>e as the risk<span class=\"_ gsec\"> </span>is ret<span class=\"_ _0\"></span>aine<span class=\"_ _0\"></span>d by the pol<span class=\"_ _0\"></span>icy<span class=\"_ _0\"></span>hol<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>.<span class=\"_ _3b2\"> </span><table class=\"s w15d h162\" id=\"_8b92b143-de7b-4e80-a935-b7e5e566eaeb\"><tr><td></td><td class=\"t m2 x1c6 h13 y438d ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y438d ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 h13 y438e ff5 fs9 fc1 sc0 ls18 ws0\">E<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>re t<span class=\"_ _0\"></span>o wor<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>dw<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>e eq<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y m<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ke<span class=\"_ _0\"></span>ts<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 h13 y438e ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y438e ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y416c w250 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls11e ws5c\">United Kingdom<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x22f y416c w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">75<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x20a y416c w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">130<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y433b w251 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls113 ws5b\">North America<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x903 y433b w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">298<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x233 y433b w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">231<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y416e w252 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">Europe<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x904 y416e w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">187<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1ed y416e w4b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">326<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y417f w253 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws118\">Japan<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x905 y417f w59 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">8<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x906 y417f w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">10<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4170 w254 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10e ws54\">Asia Pacific<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x65a y4170 w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">73<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x907 y4170 w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">74<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4180 w141 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 lsea ws122\">Othe<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x908 y4180 w70 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">37<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x360 y4180 w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">31<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4181 w255 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls11e ws5c\">Listed equities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x209 y4181 w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">678<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x20a y4181 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">802<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y4183 w15b h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">Unlisted equities</div><div class=\"t m2 x4ee h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x420 y4183 w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">988<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x421 y4183 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">958<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y4122 w256 h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Holdings in unit trusts</div><div class=\"t m2 x909 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3c6 y4158 w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,282<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3c7 y4158 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,406<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w156 h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws23\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> equities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1e9 y40ae w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,948<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1ea y40ae w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,166<span class=\"_ _3b2\"> </span></div></td></tr></table>1.<span class=\"_ _1d\"> </span>Un<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d eq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e sp<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>t b<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n \u00a3<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>m (2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>23<span class=\"_ _0\"></span>: \u00a35<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>2m) U<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d K<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>do<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>, \u00a3<span class=\"_ _0\"></span>36<span class=\"_ _0\"></span>9m (2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>23<span class=\"_ _0\"></span>: \u00a3<span class=\"_ _0\"></span>319m) Eu<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>e an<span class=\"_ _0\"></span>d \u00a3175<span class=\"_ _0\"></span>m (20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3: \u00a35<span class=\"_ _0\"></span>7m) N<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>th A<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>2.<span class=\"_ _1d\"> </span>Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d P<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>hi<span class=\"_ _0\"></span>ps a<span class=\"_ _0\"></span>re i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d wi<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>in H<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ld<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>gs i<span class=\"_ _0\"></span>n u<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>t tr<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s.<span class=\"_ _3b2\"> </span>(b) <span class=\"_ _7\"> </span>D<span class=\"_ _0\"></span>ebt s<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>rit<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Group c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ols its ex<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>ure to geog<span class=\"_ _0\"></span>rap<span class=\"_ _0\"></span>hic pr<span class=\"_ _0\"></span>ice r<span class=\"_ _0\"></span>isks by using in<span class=\"_ _0\"></span>terna<span class=\"_ _0\"></span>l coun<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>y cre<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t rating<span class=\"_ _0\"></span>s. Th<span class=\"_ _0\"></span>ese rat<span class=\"_ _0\"></span>ings are bas<span class=\"_ _0\"></span>ed on ma<span class=\"_ _0\"></span>cro<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>omi<span class=\"_ _0\"></span>c data and key qual<span class=\"_ _0\"></span>itati<span class=\"_ _0\"></span>ve indi<span class=\"_ _0\"></span>cator<span class=\"_ _0\"></span>s. Th<span class=\"_ _0\"></span>e lat<span class=\"_ _0\"></span>ter take into acco<span class=\"_ _0\"></span>unt e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>no<span class=\"_ _0\"></span>mic<span class=\"_ _0\"></span>, soc<span class=\"_ _0\"></span>ial and po<span class=\"_ _0\"></span>liti<span class=\"_ _0\"></span>cal e<span class=\"_ _0\"></span>nviro<span class=\"_ _0\"></span>nme<span class=\"_ _0\"></span>nts<span class=\"_ _0\"></span>. The ta<span class=\"_ _0\"></span>ble be<span class=\"_ _0\"></span>low ind<span class=\"_ _0\"></span>icates th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p\u2019s<span class=\"_ gsec\"> </span>expos<span class=\"_ _0\"></span>ure to diffe<span class=\"_ _0\"></span>rent de<span class=\"_ _0\"></span>bt se<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y mar<span class=\"_ _0\"></span>kets arou<span class=\"_ _0\"></span>nd the wor<span class=\"_ _0\"></span>ld. U<span class=\"_ _0\"></span>nit lin<span class=\"_ _0\"></span>ked deb<span class=\"_ _0\"></span>t secu<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ties are excl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>d from th<span class=\"_ _0\"></span>e table as th<span class=\"_ _0\"></span>e risk is<span class=\"_ gsec\"> </span>retai<span class=\"_ _0\"></span>ned<span class=\"_ gsec\"> </span>by th<span class=\"_ _0\"></span>e poli<span class=\"_ _0\"></span>cy<span class=\"_ _0\"></span>hol<span class=\"_ _0\"></span>der.<span class=\"_ _3b2\"> </span><table class=\"s w257 h163\" id=\"_f3eda4b1-7ba6-4270-ac3d-3fca002421bb\"><tr><td></td><td class=\"t m2 x1c6 h13 y438f ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y438f ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x1c6 h13 y4390 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y4390 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 h13 y4391 ff5 fs9 fc1 sc0 ls1 ws16\">T<span class=\"_ _1\"></span>otal debt securities </td><td class=\"t m2 x1c8 h13 y4391 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y4391 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y40b8 w250 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">United Kingdom<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x57c y40b8 w2f h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">40,992<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3bf y40b8 wd3 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">37,273<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40b9 w258 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls52 ws12a\">USA<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x90a y40b9 w2f h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">30,347<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x515 y40b9 w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">29,012<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y416a w259 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 lsea ws122\">Netherlan<span class=\"_ _0\"></span>ds<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x250 y416a w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,934<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x251 y416a w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,206<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y42f1 w25a h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">Fran<span class=\"_ _0\"></span>ce<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1e7 y42f1 w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,521<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1e8 y42f1 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,397<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y416c w25b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">Germany<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1f8 y416c w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">413<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1f9 y416c w4b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">277<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 hc y4392 ff4 fs6 fc1 sc0 ls114 ws120\">GIIPS<span class=\"_ _0\"></span>: </td><td></td><td></td></tr><tr><td class=\"c n x1cb y4315 w25c h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">- Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1d2 y4315 w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,915<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1d3 y4315 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,066<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y417f w25d h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">- Ita<span class=\"_ _0\"></span>ly<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3c8 y417f w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">115<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x90b y417f w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">68<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4170 w25e h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">- Sp<span class=\"_ _0\"></span>ain<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x209 y4170 w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">214<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x20a y4170 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">246<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4180 w25f h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls149 ws1bc\">Belgium<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x209 y4180 w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">280<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x20a y4180 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">504<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y419a w260 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Res<span class=\"_ _0\"></span>t of Eur<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x250 y419a w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,895<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x251 y419a w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,998<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w261 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Res<span class=\"_ _0\"></span>t of Wor<span class=\"_ _0\"></span>ld<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x811 y4121 w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">6,494<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x812 y4121 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">6,229<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y4184 w262 h126\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls130 ws12a\">Coll<span class=\"_ _0\"></span>ateralised d<span class=\"_ _0\"></span>ebt obli<span class=\"_ _0\"></span>gations</div><div class=\"t m2 x90c h5a y4138 ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x423 y4122 w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">52<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x424 y4122 w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">54<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w21b h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws0\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x57c y40ae w2f h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">87,172<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3bf y40ae wd3 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">81,330<span class=\"_ _3b2\"> </span></div></td></tr></table>1.<span class=\"_ _1d\"> </span>Al<span class=\"_ _0\"></span>l C<span class=\"_ _0\"></span>DO<span class=\"_ _0\"></span>s of \u00a3<span class=\"_ _0\"></span>52<span class=\"_ _0\"></span>m (20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3: \u00a3<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>m) are d<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>d i<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e Re<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t of Wo<span class=\"_ _0\"></span>rl<span class=\"_ _0\"></span>d.<span class=\"_ _3b2\"> </span>(<span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>) <span class=\"_ _4c\"> </span>Add<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>iona<span class=\"_ _3\"></span>l di<span class=\"_ _0\"></span>sclos<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>res on s<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>holder s<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s ex<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>re<span class=\"_ _3b2\"> </span><table class=\"s w263 h164\" id=\"_bd0bdd7d-996c-467f-ba87-e33b53601760\"><tr><td></td><td></td><td class=\"t m0 x430 h13 y4393 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x431 h13 y4393 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c6 hf y4393 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c7 hf y4393 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x432 h13 y4394 ff5 fs9 fc1 sc0 ls1 ws0\">\u00a3m </td><td class=\"t m0 x499 h13 y4394 ff5 fs9 fc1 sc0 ls1 ws0\">%<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c8 hf y4394 ff3 fs9 fc1 sc0 ls1 ws0\">\u00a3m </td><td class=\"t m0 x581 h10 y4394 ff4 fs9 fc1 sc0 ls1 ws0\">%<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y4395 w264 h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">So<span class=\"_ _0\"></span>vere<span class=\"_ _0\"></span>ig<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>, supr<span class=\"_ _0\"></span>as and sub<span class=\"_ _3\"></span>-s<span class=\"_ _0\"></span>over<span class=\"_ _0\"></span>eig<span class=\"_ _0\"></span>ns<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x90d y4395 w2f h116\"><div class=\"t m0 x1ca hc y4084 ff6 fs6 fc1 sc0 ls56 ws55\">17,682<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x90e y4395 w7b h116\"><div class=\"t m0 x1ca hc y4084 ff5 fs6 fc1 sc0 ls56 ws55\">20<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x90f y4395 w3e h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">11,869<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x910 y4395 w39 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls56 ws55\">15<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 hc y4396 ff4 fs6 fc1 sc0 ls114 ws120\">Banks:<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4397 w114 h116\"><div class=\"t m0 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y4397 w265 h116\"><div class=\"t m0 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls56 ws0\">Ti<span class=\"_ _0\"></span>er 1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x911 y4397 wa5 h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x912 y4397 wa5 h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x653 y4397 w39 h116\"><div class=\"t m0 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls56 ws55\">21<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x77d y4397 wbf h116\"><div class=\"t m0 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4398 w114 h116\"><div class=\"t m0 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y4398 w266 h116\"><div class=\"t m0 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls56 ws0\">Ti<span class=\"_ _0\"></span>er 2 a<span class=\"_ _0\"></span>nd ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r sub<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>ated<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x913 y4398 w7b h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls56 ws55\">75<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x914 y4398 wa5 h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x599 y4398 w42 h116\"><div class=\"t m0 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls56 ws55\">125<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x915 y4398 wbd h116\"><div class=\"t m0 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4399 w114 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y4399 w267 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws1bc\">Seni<span class=\"_ _0\"></span>or<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x916 y4399 w36 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">6,771<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x917 y4399 w59 h118\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws0\">8<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x918 y4399 w37 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">6,751<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x919 y4399 w75 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">8<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y439a w114 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y439a w268 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls94 ws99\">Cove<span class=\"_ _0\"></span>red<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x91a y439a w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">212<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x91b y439a wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x91c y439a w42 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">106<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x91d y439a wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 hc y439b ff4 fs6 fc1 sc0 ls10a ws118\" colspan=\"2\">Financial services:<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y439c w114 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y439c w266 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Ti<span class=\"_ _0\"></span>er 2 a<span class=\"_ _0\"></span>nd ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r sub<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>ated<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x91e y439c w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">158<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x914 y439c wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x599 y439c w42 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">158<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x915 y439c wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y439d w114 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y439d w267 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws1bc\">Seni<span class=\"_ _0\"></span>or<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x916 y439d w36 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,740<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x917 y439d w59 h118\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x918 y439d w37 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,146<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x919 y439d w75 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 hc y439e ff4 fs6 fc1 sc0 lsea ws122\">Insurance:<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4161 w114 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y4161 w265 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Ti<span class=\"_ _0\"></span>er 1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x911 y4161 wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x912 y4161 wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x91f y4161 w75 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">9<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x920 y4161 wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y439f w114 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y439f w266 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Ti<span class=\"_ _0\"></span>er 2 a<span class=\"_ _0\"></span>nd ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r sub<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>ated<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x91e y439f w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">224<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x914 y439f wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x599 y439f w42 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">238<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x915 y439f wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4163 w114 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y4163 w267 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls149 ws1bc\">Seni<span class=\"_ _0\"></span>or<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x921 y4163 w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">956<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x922 y4163 w59 h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x923 y4163 w42 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">988<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x924 y4163 w50 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 hc y43a0 ff4 fs6 fc1 sc0 ls56 ws55\" colspan=\"2\">Co<span class=\"_ _0\"></span>nsu<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>r ser<span class=\"_ _3\"></span>vic<span class=\"_ _0\"></span>es and go<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>s:<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y430e w114 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y430e w269 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls130 ws1a1\">Cyc<span class=\"_ _0\"></span>lical<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x76b y430e w36 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,642<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x76c y430e w59 h118\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x918 y430e w37 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,109<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x919 y430e w75 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40b6 w114 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y40b6 w26a h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws11c\">Non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>cyclical<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x76b y40b6 w36 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">6,347<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x76c y40b6 w59 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x918 y40b6 w37 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">7,313<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x919 y40b6 w75 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">9<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4168 w114 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y4168 w26b h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls12c ws140\">Heal<span class=\"_ _0\"></span>thc<span class=\"_ _0\"></span>are<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x925 y4168 w36 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,223<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6cc y4168 w59 h118\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x926 y4168 w37 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,441<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x927 y4168 w75 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 hc y43a1 ff4 fs6 fc1 sc0 ls10e ws11c\" colspan=\"2\">Infrastructure: </td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y40b9 w114 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y40b9 w26c h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1f ws24\">So<span class=\"_ _0\"></span>cial<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x76b y40b9 w36 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">6,875<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x76c y40b9 w59 h118\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws0\">8<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x918 y40b9 w37 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">6,524<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x919 y40b9 w75 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">8<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ba w114 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y40ba w26d h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls12e ws142\">Economic<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x928 y40ba w36 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">6,029<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x929 y40ba wa8 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x92a y40ba w30 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5,610<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3d3 y40ba w50 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y42f1 w26e h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">T<span class=\"_ _1\"></span>echnology a<span class=\"_ _1\"></span>nd telecoms<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x92b y42f1 w36 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">4,103<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x92c y42f1 wa8 h118\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws0\">5<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x92d y42f1 w30 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">4,829<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8da y42f1 w50 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">6<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y43a2 w26f h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 lsea ws122\">Industrials<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x5a6 y43a2 w36 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,576<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x764 y43a2 w59 h118\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x92e y43a2 w37 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,328<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x92f y43a2 w75 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40bd w270 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls112 ws6\">Utili<span class=\"_ _0\"></span>ties<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x5a6 y40bd w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">9,288<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x77b y40bd w7b h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">11<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x930 y40bd w3e h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">10,464<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3dc y40bd w39 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">13<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4315 w271 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls12e ws142\">Energy<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x931 y4315 w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,063<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x932 y4315 w59 h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x933 y4315 w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,597<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x934 y4315 w75 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y417f w272 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws118\">Commodi<span class=\"_ _0\"></span>ties<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x935 y417f w4a h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">814<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x936 y417f wa8 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x937 y417f w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">885<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x938 y417f w75 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41dd w273 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Oil a<span class=\"_ _0\"></span>nd g<span class=\"_ _0\"></span>as<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x939 y41dd w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,497<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x2db y41dd w59 h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x93a y41dd w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,517<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x93b y41dd w75 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c1 w274 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls14f ws118\">Rea<span class=\"_ _0\"></span>l e<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ate<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x93c y40c1 w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">4,497<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x93d y40c1 wa8 h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws0\">5<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x79b y40c1 w30 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">4,451<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x93e y40c1 w50 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">5<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y419a w275 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls12e wsca\">Structured<span class=\"_ _1\"></span> finance ABS/RMBS/CMBS/Other<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x93f y419a w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">4,487<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x940 y419a wa8 h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws0\">5<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x941 y419a w30 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,031<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x2b6 y419a w50 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w276 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls113 ws5b\">Lifet<span class=\"_ _1\"></span>ime mortgage<span class=\"_ _1\"></span> loans<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x92b y4121 w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">5,861<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x92c y4121 wa8 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x92d y4121 w30 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5,766<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8da y4121 w50 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4184 w277 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls130 ws12a\">Coll<span class=\"_ _0\"></span>ateralised d<span class=\"_ _0\"></span>ebt obli<span class=\"_ _0\"></span>gations<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x913 y4184 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">52<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x914 y4184 wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x942 y4184 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">54<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x943 y4184 wbf h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w21b h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws0\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x862 y40ae w2f h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">87,172<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x944 y40ae w4a h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">100<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x945 y40ae w3e h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">81,330<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4dc y40ae w42 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">100<span class=\"_ _3b2\"> </span></div></td></tr></table><table class=\"s w164 h165\" id=\"_42e1da9b-29a2-4ef5-99fb-c48fa05a8229\"><tr><td></td><td class=\"t m0 x1c6 h13 y43a3 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c7 hf y43a3 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 h13 y43a4 ff6 fs9 fc1 sc0 ls18 ws32\">An<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>ys<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s of sove<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>ig<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>s, su<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d sub<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>sove<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ei<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>ns<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c8 h13 y43a4 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 hf y43a4 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 hb y43a5 ff6 fs6 fc1 sc0 ls56 ws55\">Ma<span class=\"_ _0\"></span>rke<span class=\"_ _0\"></span>t val<span class=\"_ _0\"></span>ue by re<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>on<span class=\"_ _3b2\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4304 w250 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">United Kingdom<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x57c y4304 w2f h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">13,298<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1d3 y4304 w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">8,790<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40be w258 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls52 ws12a\">USA<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x250 y40be w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,528<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x251 y40be w30 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,696<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y43a6 w259 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 lsea ws122\">Netherlan<span class=\"_ _0\"></span>ds<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x56b y43a6 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">29<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x946 y43a6 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">40<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y418c w25a h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">Fran<span class=\"_ _0\"></span>ce<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x209 y418c w4a h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">377<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x230 y418c w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">52<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4180 w25b h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">Germany<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1f8 y4180 w4a h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">123<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x907 y4180 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">84<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4182 w278 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x429 y4182 w4a h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">426<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x42a y4182 w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">425<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4183 w260 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Res<span class=\"_ _0\"></span>t of Eur<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x947 y4183 w4a h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">324<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x655 y4183 w4b h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">248<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4122 w261 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Res<span class=\"_ _0\"></span>t of Wor<span class=\"_ _0\"></span>ld<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x948 y4122 w4a h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">577<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x949 y4122 w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">534<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w21b h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws0\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x256 y40ae w93 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">17,682<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x257 y40ae w3e h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">11,869<span class=\"_ _3b2\"> </span></div></td></tr></table>(<span class=\"_ _1\"></span>ii) <span class=\"_ _36\"> </span>Currenc<span class=\"_ _0\"></span>y risk<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p has mi<span class=\"_ _0\"></span>nima<span class=\"_ _0\"></span>l exp<span class=\"_ _0\"></span>osure to cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>y risk f<span class=\"_ _0\"></span>rom f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al ins<span class=\"_ _0\"></span>tru<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts he<span class=\"_ _0\"></span>ld by bu<span class=\"_ _0\"></span>sine<span class=\"_ _0\"></span>ss uni<span class=\"_ _0\"></span>ts in c<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>ies ot<span class=\"_ _0\"></span>her t<span class=\"_ _0\"></span>han th<span class=\"_ _0\"></span>eir f<span class=\"_ _0\"></span>unc<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cie<span class=\"_ _0\"></span>s, ne<span class=\"_ _0\"></span>arl<span class=\"_ _0\"></span>y all such ho<span class=\"_ _0\"></span>ldi<span class=\"_ _0\"></span>ngs are ei<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r back<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g insur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts in the sa<span class=\"_ _0\"></span>me cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cy or are he<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>ed bac<span class=\"_ _0\"></span>k to GBP<span class=\"_ _4\"></span>. Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p op<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>tes intern<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>nall<span class=\"_ _0\"></span>y and as a re<span class=\"_ _0\"></span>sul<span class=\"_ _0\"></span>t is exp<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>d to foreign c<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cy exch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e risk a<span class=\"_ _0\"></span>risin<span class=\"_ _0\"></span>g fro<span class=\"_ _0\"></span>m fl<span class=\"_ _0\"></span>uct<span class=\"_ _0\"></span>uatio<span class=\"_ _0\"></span>ns in exc<span class=\"_ _0\"></span>han<span class=\"_ _0\"></span>ge rates of vari<span class=\"_ _0\"></span>ous cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>es. T<span class=\"_ _0\"></span>he larg<span class=\"_ _0\"></span>est U<span class=\"_ _0\"></span>nited S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ates dolla<span class=\"_ _0\"></span>r cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cy exp<span class=\"_ _0\"></span>osure<span class=\"_ _0\"></span>s relate to the Group\u2019s US bus<span class=\"_ _0\"></span>ines<span class=\"_ _0\"></span>s, Le<span class=\"_ _0\"></span>gal &amp; Ge<span class=\"_ _0\"></span>ner<span class=\"_ _0\"></span>al Am<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ica<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e major<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> of curre<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>y expos<span class=\"_ _0\"></span>ures rel<span class=\"_ _0\"></span>ating to euro<span class=\"_ _0\"></span>s are held by LGIM Man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>rs (Eu<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>e) <span class=\"_ _1\"></span>Lim<span class=\"_ _0\"></span>ited<span class=\"_ _0\"></span>, a subsid<span class=\"_ _0\"></span>iar<span class=\"_ _0\"></span>y of L&amp;<span class=\"_ _0\"></span>G \u2013 Ass<span class=\"_ _0\"></span>et Man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt Lim<span class=\"_ _0\"></span>ited<span class=\"_ _0\"></span>. The<span class=\"_ _0\"></span> Grou<span class=\"_ _0\"></span>p do<span class=\"_ _0\"></span>es not h<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>ge fore<span class=\"_ _0\"></span>ign cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>y revenu<span class=\"_ _0\"></span>es as th<span class=\"_ _0\"></span>ese a<span class=\"_ _0\"></span>re subs<span class=\"_ _0\"></span>tan<span class=\"_ _0\"></span>tially r<span class=\"_ _0\"></span>etain<span class=\"_ _0\"></span>ed l<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>ally to su<span class=\"_ _0\"></span>pp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>he grow<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h of the G<span class=\"_ _0\"></span>roup\u2019s bus<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>ss and<span class=\"_ _0\"></span> me<span class=\"_ _0\"></span>et lo<span class=\"_ _0\"></span>cal reg<span class=\"_ _0\"></span>ulator<span class=\"_ _3\"></span>y and mar<span class=\"_ _0\"></span>ket requir<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nts<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Busi<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>ses aim to mainta<span class=\"_ _0\"></span>in suf<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ici<span class=\"_ _0\"></span>ent ass<span class=\"_ _0\"></span>ets in lo<span class=\"_ _0\"></span>cal cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>y to meet lo<span class=\"_ _0\"></span>cal cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>ncy lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>, however m<span class=\"_ _0\"></span>oveme<span class=\"_ _0\"></span>nts may imp<span class=\"_ _0\"></span>act th<span class=\"_ _0\"></span>e value of the Grou<span class=\"_ _0\"></span>p\u2019s consol<span class=\"_ _0\"></span>idated shar<span class=\"_ _0\"></span>eho<span class=\"_ _0\"></span>lde<span class=\"_ _0\"></span>rs\u2019 eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y whic<span class=\"_ _0\"></span>h is expresse<span class=\"_ _0\"></span>d in sterlin<span class=\"_ _0\"></span>g. This asp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t of <span class=\"_ _1\"></span>foreig<span class=\"_ _0\"></span>n exchang<span class=\"_ _0\"></span>e risk is monitore<span class=\"_ _0\"></span>d and manag<span class=\"_ _0\"></span>ed ce<span class=\"_ _0\"></span>ntral<span class=\"_ _0\"></span>ly, again<span class=\"_ _0\"></span>st pre<span class=\"_ _0\"></span>-<span class=\"_ _3\"></span>deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ed limi<span class=\"_ _0\"></span>ts. Th<span class=\"_ _0\"></span>ese expo<span class=\"_ _0\"></span>sure<span class=\"_ _0\"></span>s are manage<span class=\"_ _0\"></span>d by <span class=\"_ _1\"></span>align<span class=\"_ _0\"></span>ing the dep<span class=\"_ _0\"></span>loy<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t of <span class=\"_ _1\"></span>regu<span class=\"_ _0\"></span>lator<span class=\"_ _0\"></span>y cap<span class=\"_ _0\"></span>ita<span class=\"_ _0\"></span>l by <span class=\"_ _1\"></span>cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cy with the Grou<span class=\"_ _0\"></span>p\u2019s <span class=\"_ _1\"></span>reg<span class=\"_ _0\"></span>ulator<span class=\"_ _3\"></span>y cap<span class=\"_ _0\"></span>ital req<span class=\"_ _0\"></span>uire<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts by <span class=\"_ _1\"></span>cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cy. Curren<span class=\"_ _0\"></span>cy bor<span class=\"_ _0\"></span>rowin<span class=\"_ _0\"></span>gs and deri<span class=\"_ _0\"></span>vative<span class=\"_ _0\"></span>s may <span class=\"_ _1\"></span>be use<span class=\"_ _0\"></span>d to <span class=\"_ _1\"></span>manag<span class=\"_ _0\"></span>e expos<span class=\"_ _0\"></span>ures with<span class=\"_ _0\"></span>in the limits that have bee<span class=\"_ _0\"></span>n set.<span class=\"_ _0\"></span> As at 31 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>24, the G<span class=\"_ _0\"></span>roup he<span class=\"_ _0\"></span>ld net as<span class=\"_ _0\"></span>sets of \u00a31.5bn (202<span class=\"_ _0\"></span>3: net lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ties of \u00a30<span class=\"_ _0\"></span>.5bn) of its total equit<span class=\"_ _0\"></span>y at<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>tab<span class=\"_ _0\"></span>le to shareh<span class=\"_ _0\"></span>old<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s in cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cie<span class=\"_ _0\"></span>s, mai<span class=\"_ _0\"></span>nly Un<span class=\"_ _0\"></span>ited S<span class=\"_ _0\"></span>tates do<span class=\"_ _0\"></span>llar an<span class=\"_ _0\"></span>d euro<span class=\"_ _0\"></span>, other tha<span class=\"_ _0\"></span>n the fun<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>onal cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>y of the relevan<span class=\"_ _0\"></span>t busin<span class=\"_ _0\"></span>ess uni<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>. The exch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e risks in<span class=\"_ _0\"></span>here<span class=\"_ _0\"></span>nt in<span class=\"_ gsec\"> </span>the<span class=\"_ _0\"></span>se exp<span class=\"_ _0\"></span>osure<span class=\"_ _0\"></span>s may be miti<span class=\"_ _0\"></span>gated thro<span class=\"_ _0\"></span>ugh th<span class=\"_ _0\"></span>e use of deri<span class=\"_ _0\"></span>vative<span class=\"_ _0\"></span>s, mai<span class=\"_ _0\"></span>nly for<span class=\"_ _0\"></span>war<span class=\"_ _0\"></span>d curr<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>y con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts.<span class=\"_ _3b2\"> </span>Co<span class=\"_ _0\"></span>nsiste<span class=\"_ _0\"></span>nt with the <span class=\"_ _1\"></span>Grou<span class=\"_ _0\"></span>p\u2019s <span class=\"_ _1\"></span>acc<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nting poli<span class=\"_ _0\"></span>cie<span class=\"_ _0\"></span>s, the profi<span class=\"_ _0\"></span>ts of <span class=\"_ _1\"></span>overseas busin<span class=\"_ _0\"></span>ess unit<span class=\"_ _0\"></span>s (<span class=\"_ _1\"></span>repor<span class=\"_ _3\"></span>ted as <span class=\"_ _1\"></span>func<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal curre<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>es) <span class=\"_ _1\"></span>are translated at a<span class=\"_ _1\"></span>vera<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span> exchan<span class=\"_ _0\"></span>ge rates and <span class=\"_ _1\"></span>the net assets (<span class=\"_ _1\"></span>rep<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d as <span class=\"_ _1\"></span>func<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>al curre<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>es) <span class=\"_ _1\"></span>at <span class=\"_ _1\"></span>the closi<span class=\"_ _0\"></span>ng rate <span class=\"_ _1\"></span>for the <span class=\"_ _1\"></span>repo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng peri<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>. A <span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>0% increa<span class=\"_ _0\"></span>se (<span class=\"_ _1\"></span>weakeni<span class=\"_ _0\"></span>ng of <span class=\"_ _1\"></span>foreign<span class=\"_ _0\"></span> cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cie<span class=\"_ _0\"></span>s) <span class=\"_ _1\"></span>or <span class=\"_ _1\"></span>de<span class=\"_ _0\"></span>crea<span class=\"_ _0\"></span>se (<span class=\"_ _1\"></span>stren<span class=\"_ _0\"></span>gth<span class=\"_ _0\"></span>eni<span class=\"_ _0\"></span>ng of <span class=\"_ _1\"></span>foreign cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cies) in <span class=\"_ _1\"></span>these rates would increase or reduc<span class=\"_ _0\"></span>e the profit for <span class=\"_ _1\"></span>the year and net <span class=\"_ _1\"></span>asse<span class=\"_ _0\"></span>ts as <span class=\"_ _1\"></span>follows:<span class=\"_ _3b2\"> </span><table class=\"s w279 h166\" id=\"_ecf85a9d-8e72-4f33-835e-7b32543d525e\"><tr><td></td><td class=\"t m2 x94a h10 y43a7 ff4 fs9 fc1 sc0 ls18 ws32\">A 1<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>% inc<span class=\"_ _0\"></span>rea<span class=\"_ _0\"></span>se in </td><td></td><td class=\"t m2 x495 h10 y43a7 ff4 fs9 fc1 sc0 ls18 ws32\">A 1<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>% dec<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>ase in<span class=\"_ _0\"></span> </td><td></td></tr><tr><td></td><td class=\"t m2 x94b h10 y43a8 ff4 fs9 fc1 sc0 ls18 ws32\">US<span class=\"_ _0\"></span>D<span class=\"_ _0\"></span>:G<span class=\"_ _0\"></span>BP exc<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>e rate<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m2 x94c h10 y43a8 ff4 fs9 fc1 sc0 ls18 ws32\">US<span class=\"_ _0\"></span>D<span class=\"_ _0\"></span>:G<span class=\"_ _0\"></span>BP exc<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>e rate<span class=\"_ _3b2\"> </span></td><td></td></tr><tr><td></td><td class=\"t m2 x430 h13 y43a9 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x637 hf y43a9 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c6 h13 y43a9 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y43a9 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x432 h13 y43aa ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x433 hf y43aa ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 h13 y43aa ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y43aa ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c x1cb y40ac w117 h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Prof<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t for th<span class=\"_ _0\"></span>e yea<span class=\"_ _0\"></span>r</div><div class=\"t m2 x407 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x94d y40ac w67 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(7)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x94e y40ac w75 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x94f y40ac wa8 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">9<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x950 y40ac w6a h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(6)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y40ae w27a h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Ne<span class=\"_ _0\"></span>t ass<span class=\"_ _0\"></span>ets at<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>bu<span class=\"_ _0\"></span>tab<span class=\"_ _0\"></span>le to U<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>D exp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>s</div><div class=\"t m2 x951 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x952 y40ae w41 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(92)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x953 y40ae w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">20<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x954 y40ae w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">111<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x955 y40ae w71 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(24)<span class=\"_ _3b2\"> </span></div></td></tr></table><table class=\"s w27b h166\" id=\"_f1d1d9b6-1e79-48b9-a2ad-36ddb32e497a\"><tr><td></td><td class=\"t m2 x94a h10 y43ab ff4 fs9 fc1 sc0 ls18 ws32\">A 1<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>% inc<span class=\"_ _0\"></span>rea<span class=\"_ _0\"></span>se in<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m2 x495 h10 y43ab ff4 fs9 fc1 sc0 ls18 ws32\">A 1<span class=\"_ _1\"></span>0<span class=\"_ _0\"></span>% dec<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>ase in<span class=\"_ _3b2\"> </span></td><td></td></tr><tr><td></td><td class=\"t m2 x94b h10 y43ac ff4 fs9 fc1 sc0 ls18 ws32\">EU<span class=\"_ _0\"></span>R<span class=\"_ _0\"></span>:G<span class=\"_ _0\"></span>B<span class=\"_ _0\"></span>P exch<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ge rate<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m2 x94c h10 y43ac ff4 fs9 fc1 sc0 ls18 ws32\">EU<span class=\"_ _0\"></span>R<span class=\"_ _0\"></span>:G<span class=\"_ _0\"></span>B<span class=\"_ _0\"></span>P exch<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ge rate<span class=\"_ _3b2\"> </span></td><td></td></tr><tr><td></td><td class=\"t m2 x430 h13 y43ad ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x637 hf y43ad ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c6 h13 y43ad ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y43ad ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x432 h13 y43ae ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x433 hf y43ae ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 h13 y43ae ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y43ae ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c x1cb y40ac w117 h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Prof<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t for th<span class=\"_ _0\"></span>e yea<span class=\"_ _0\"></span>r</div><div class=\"t m2 x407 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x442 y40ac wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x956 y40ac wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x957 y40ac wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x958 y40ac wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y40ae w27a h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Ne<span class=\"_ _0\"></span>t ass<span class=\"_ _0\"></span>ets at<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>bu<span class=\"_ _0\"></span>tab<span class=\"_ _0\"></span>le to U<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>D exp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>s</div><div class=\"t m2 x951 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x952 y40ae w41 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(17)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x959 y40ae w75 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x95a y40ae w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">22<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x95b y40ae w6a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(2)<span class=\"_ _3b2\"> </span></div></td></tr></table>1. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>Pr<span class=\"_ _0\"></span>ofi<span class=\"_ _0\"></span>t fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar i<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ts r<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e on<span class=\"_ _0\"></span>ly t<span class=\"_ _0\"></span>o ove<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>s b<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>s un<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ts w<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e th<span class=\"_ _0\"></span>e fu<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>l c<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>cy i<span class=\"_ _0\"></span>s no<span class=\"_ _0\"></span>t s<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>rl<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>. Ne<span class=\"_ _0\"></span>t as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t i<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s in<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>de b<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>th f<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>al c<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>y an<span class=\"_ _0\"></span>d n<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>-<span class=\"_ _3b2\"> </span>fu<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>l cu<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>cy e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s.<span class=\"_ _3b2\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:SensitivityAnalysisForEachTypeOfMarketRisk",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-710": {
   "value": "(b) <span class=\"_ _7\"> </span>D<span class=\"_ _0\"></span>ebt s<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>rit<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Group c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ols its ex<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>ure to geog<span class=\"_ _0\"></span>rap<span class=\"_ _0\"></span>hic pr<span class=\"_ _0\"></span>ice r<span class=\"_ _0\"></span>isks by using in<span class=\"_ _0\"></span>terna<span class=\"_ _0\"></span>l coun<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>y cre<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t rating<span class=\"_ _0\"></span>s. Th<span class=\"_ _0\"></span>ese rat<span class=\"_ _0\"></span>ings are bas<span class=\"_ _0\"></span>ed on ma<span class=\"_ _0\"></span>cro<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>omi<span class=\"_ _0\"></span>c data and key qual<span class=\"_ _0\"></span>itati<span class=\"_ _0\"></span>ve indi<span class=\"_ _0\"></span>cator<span class=\"_ _0\"></span>s. Th<span class=\"_ _0\"></span>e lat<span class=\"_ _0\"></span>ter take into acco<span class=\"_ _0\"></span>unt e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>no<span class=\"_ _0\"></span>mic<span class=\"_ _0\"></span>, soc<span class=\"_ _0\"></span>ial and po<span class=\"_ _0\"></span>liti<span class=\"_ _0\"></span>cal e<span class=\"_ _0\"></span>nviro<span class=\"_ _0\"></span>nme<span class=\"_ _0\"></span>nts<span class=\"_ _0\"></span>. The ta<span class=\"_ _0\"></span>ble be<span class=\"_ _0\"></span>low ind<span class=\"_ _0\"></span>icates th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p\u2019s<span class=\"_ gsec\"> </span>expos<span class=\"_ _0\"></span>ure to diffe<span class=\"_ _0\"></span>rent de<span class=\"_ _0\"></span>bt se<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y mar<span class=\"_ _0\"></span>kets arou<span class=\"_ _0\"></span>nd the wor<span class=\"_ _0\"></span>ld. U<span class=\"_ _0\"></span>nit lin<span class=\"_ _0\"></span>ked deb<span class=\"_ _0\"></span>t secu<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ties are excl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>d from th<span class=\"_ _0\"></span>e table as th<span class=\"_ _0\"></span>e risk is<span class=\"_ gsec\"> </span>retai<span class=\"_ _0\"></span>ned<span class=\"_ gsec\"> </span>by th<span class=\"_ _0\"></span>e poli<span class=\"_ _0\"></span>cy<span class=\"_ _0\"></span>hol<span class=\"_ _0\"></span>der.<span class=\"_ _3b2\"> </span><table class=\"s w257 h163\" id=\"_f3eda4b1-7ba6-4270-ac3d-3fca002421bb\"><tr><td></td><td class=\"t m2 x1c6 h13 y438f ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y438f ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x1c6 h13 y4390 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y4390 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 h13 y4391 ff5 fs9 fc1 sc0 ls1 ws16\">T<span class=\"_ _1\"></span>otal debt securities </td><td class=\"t m2 x1c8 h13 y4391 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y4391 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y40b8 w250 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">United Kingdom<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x57c y40b8 w2f h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">40,992<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3bf y40b8 wd3 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">37,273<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40b9 w258 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls52 ws12a\">USA<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x90a y40b9 w2f h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">30,347<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x515 y40b9 w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">29,012<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y416a w259 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 lsea ws122\">Netherlan<span class=\"_ _0\"></span>ds<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x250 y416a w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,934<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x251 y416a w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,206<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y42f1 w25a h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">Fran<span class=\"_ _0\"></span>ce<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1e7 y42f1 w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,521<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1e8 y42f1 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,397<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y416c w25b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">Germany<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1f8 y416c w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">413<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1f9 y416c w4b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">277<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 hc y4392 ff4 fs6 fc1 sc0 ls114 ws120\">GIIPS<span class=\"_ _0\"></span>: </td><td></td><td></td></tr><tr><td class=\"c n x1cb y4315 w25c h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">- Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1d2 y4315 w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,915<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1d3 y4315 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,066<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y417f w25d h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">- Ita<span class=\"_ _0\"></span>ly<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3c8 y417f w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">115<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x90b y417f w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">68<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4170 w25e h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">- Sp<span class=\"_ _0\"></span>ain<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x209 y4170 w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">214<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x20a y4170 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">246<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4180 w25f h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls149 ws1bc\">Belgium<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x209 y4180 w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">280<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x20a y4180 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">504<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y419a w260 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Res<span class=\"_ _0\"></span>t of Eur<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x250 y419a w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,895<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x251 y419a w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,998<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w261 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Res<span class=\"_ _0\"></span>t of Wor<span class=\"_ _0\"></span>ld<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x811 y4121 w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">6,494<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x812 y4121 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">6,229<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y4184 w262 h126\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls130 ws12a\">Coll<span class=\"_ _0\"></span>ateralised d<span class=\"_ _0\"></span>ebt obli<span class=\"_ _0\"></span>gations</div><div class=\"t m2 x90c h5a y4138 ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x423 y4122 w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">52<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x424 y4122 w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">54<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w21b h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws0\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x57c y40ae w2f h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">87,172<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3bf y40ae wd3 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">81,330<span class=\"_ _3b2\"> </span></div></td></tr></table>1.<span class=\"_ _1d\"> </span>Al<span class=\"_ _0\"></span>l C<span class=\"_ _0\"></span>DO<span class=\"_ _0\"></span>s of \u00a3<span class=\"_ _0\"></span>52<span class=\"_ _0\"></span>m (20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3: \u00a3<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>m) are d<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>d i<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e Re<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t of Wo<span class=\"_ _0\"></span>rl<span class=\"_ _0\"></span>d.<span class=\"_ _3b2\"> </span>(<span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>) <span class=\"_ _4c\"> </span>Add<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>iona<span class=\"_ _3\"></span>l di<span class=\"_ _0\"></span>sclos<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>res on s<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>holder s<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s ex<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>re<span class=\"_ _3b2\"> </span><table class=\"s w263 h164\" id=\"_bd0bdd7d-996c-467f-ba87-e33b53601760\"><tr><td></td><td></td><td class=\"t m0 x430 h13 y4393 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x431 h13 y4393 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c6 hf y4393 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c7 hf y4393 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x432 h13 y4394 ff5 fs9 fc1 sc0 ls1 ws0\">\u00a3m </td><td class=\"t m0 x499 h13 y4394 ff5 fs9 fc1 sc0 ls1 ws0\">%<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c8 hf y4394 ff3 fs9 fc1 sc0 ls1 ws0\">\u00a3m </td><td class=\"t m0 x581 h10 y4394 ff4 fs9 fc1 sc0 ls1 ws0\">%<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y4395 w264 h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">So<span class=\"_ _0\"></span>vere<span class=\"_ _0\"></span>ig<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>, supr<span class=\"_ _0\"></span>as and sub<span class=\"_ _3\"></span>-s<span class=\"_ _0\"></span>over<span class=\"_ _0\"></span>eig<span class=\"_ _0\"></span>ns<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x90d y4395 w2f h116\"><div class=\"t m0 x1ca hc y4084 ff6 fs6 fc1 sc0 ls56 ws55\">17,682<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x90e y4395 w7b h116\"><div class=\"t m0 x1ca hc y4084 ff5 fs6 fc1 sc0 ls56 ws55\">20<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x90f y4395 w3e h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">11,869<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x910 y4395 w39 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls56 ws55\">15<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 hc y4396 ff4 fs6 fc1 sc0 ls114 ws120\">Banks:<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4397 w114 h116\"><div class=\"t m0 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y4397 w265 h116\"><div class=\"t m0 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls56 ws0\">Ti<span class=\"_ _0\"></span>er 1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x911 y4397 wa5 h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x912 y4397 wa5 h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x653 y4397 w39 h116\"><div class=\"t m0 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls56 ws55\">21<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x77d y4397 wbf h116\"><div class=\"t m0 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4398 w114 h116\"><div class=\"t m0 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y4398 w266 h116\"><div class=\"t m0 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls56 ws0\">Ti<span class=\"_ _0\"></span>er 2 a<span class=\"_ _0\"></span>nd ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r sub<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>ated<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x913 y4398 w7b h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls56 ws55\">75<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x914 y4398 wa5 h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x599 y4398 w42 h116\"><div class=\"t m0 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls56 ws55\">125<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x915 y4398 wbd h116\"><div class=\"t m0 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4399 w114 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y4399 w267 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws1bc\">Seni<span class=\"_ _0\"></span>or<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x916 y4399 w36 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">6,771<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x917 y4399 w59 h118\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws0\">8<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x918 y4399 w37 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">6,751<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x919 y4399 w75 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">8<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y439a w114 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y439a w268 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls94 ws99\">Cove<span class=\"_ _0\"></span>red<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x91a y439a w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">212<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x91b y439a wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x91c y439a w42 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">106<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x91d y439a wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 hc y439b ff4 fs6 fc1 sc0 ls10a ws118\" colspan=\"2\">Financial services:<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y439c w114 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y439c w266 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Ti<span class=\"_ _0\"></span>er 2 a<span class=\"_ _0\"></span>nd ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r sub<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>ated<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x91e y439c w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">158<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x914 y439c wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x599 y439c w42 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">158<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x915 y439c wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y439d w114 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y439d w267 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws1bc\">Seni<span class=\"_ _0\"></span>or<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x916 y439d w36 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,740<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x917 y439d w59 h118\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x918 y439d w37 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,146<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x919 y439d w75 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 hc y439e ff4 fs6 fc1 sc0 lsea ws122\">Insurance:<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4161 w114 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y4161 w265 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Ti<span class=\"_ _0\"></span>er 1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x911 y4161 wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x912 y4161 wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x91f y4161 w75 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">9<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x920 y4161 wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y439f w114 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y439f w266 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Ti<span class=\"_ _0\"></span>er 2 a<span class=\"_ _0\"></span>nd ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r sub<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>ated<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x91e y439f w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">224<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x914 y439f wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x599 y439f w42 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">238<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x915 y439f wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4163 w114 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y4163 w267 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls149 ws1bc\">Seni<span class=\"_ _0\"></span>or<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x921 y4163 w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">956<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x922 y4163 w59 h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x923 y4163 w42 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">988<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x924 y4163 w50 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 hc y43a0 ff4 fs6 fc1 sc0 ls56 ws55\" colspan=\"2\">Co<span class=\"_ _0\"></span>nsu<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>r ser<span class=\"_ _3\"></span>vic<span class=\"_ _0\"></span>es and go<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>s:<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y430e w114 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y430e w269 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls130 ws1a1\">Cyc<span class=\"_ _0\"></span>lical<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x76b y430e w36 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,642<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x76c y430e w59 h118\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x918 y430e w37 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,109<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x919 y430e w75 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40b6 w114 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y40b6 w26a h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws11c\">Non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>cyclical<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x76b y40b6 w36 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">6,347<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x76c y40b6 w59 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x918 y40b6 w37 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">7,313<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x919 y40b6 w75 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">9<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4168 w114 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y4168 w26b h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls12c ws140\">Heal<span class=\"_ _0\"></span>thc<span class=\"_ _0\"></span>are<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x925 y4168 w36 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,223<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6cc y4168 w59 h118\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x926 y4168 w37 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,441<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x927 y4168 w75 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 hc y43a1 ff4 fs6 fc1 sc0 ls10e ws11c\" colspan=\"2\">Infrastructure: </td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y40b9 w114 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y40b9 w26c h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1f ws24\">So<span class=\"_ _0\"></span>cial<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x76b y40b9 w36 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">6,875<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x76c y40b9 w59 h118\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws0\">8<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x918 y40b9 w37 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">6,524<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x919 y40b9 w75 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">8<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ba w114 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y40ba w26d h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls12e ws142\">Economic<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x928 y40ba w36 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">6,029<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x929 y40ba wa8 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x92a y40ba w30 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5,610<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3d3 y40ba w50 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y42f1 w26e h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">T<span class=\"_ _1\"></span>echnology a<span class=\"_ _1\"></span>nd telecoms<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x92b y42f1 w36 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">4,103<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x92c y42f1 wa8 h118\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws0\">5<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x92d y42f1 w30 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">4,829<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8da y42f1 w50 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">6<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y43a2 w26f h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 lsea ws122\">Industrials<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x5a6 y43a2 w36 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,576<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x764 y43a2 w59 h118\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x92e y43a2 w37 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,328<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x92f y43a2 w75 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40bd w270 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls112 ws6\">Utili<span class=\"_ _0\"></span>ties<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x5a6 y40bd w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">9,288<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x77b y40bd w7b h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">11<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x930 y40bd w3e h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">10,464<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3dc y40bd w39 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">13<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4315 w271 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls12e ws142\">Energy<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x931 y4315 w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,063<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x932 y4315 w59 h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x933 y4315 w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,597<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x934 y4315 w75 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y417f w272 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws118\">Commodi<span class=\"_ _0\"></span>ties<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x935 y417f w4a h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">814<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x936 y417f wa8 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x937 y417f w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">885<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x938 y417f w75 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41dd w273 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Oil a<span class=\"_ _0\"></span>nd g<span class=\"_ _0\"></span>as<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x939 y41dd w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,497<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x2db y41dd w59 h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x93a y41dd w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,517<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x93b y41dd w75 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c1 w274 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls14f ws118\">Rea<span class=\"_ _0\"></span>l e<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ate<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x93c y40c1 w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">4,497<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x93d y40c1 wa8 h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws0\">5<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x79b y40c1 w30 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">4,451<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x93e y40c1 w50 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">5<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y419a w275 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls12e wsca\">Structured<span class=\"_ _1\"></span> finance ABS/RMBS/CMBS/Other<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x93f y419a w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">4,487<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x940 y419a wa8 h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws0\">5<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x941 y419a w30 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,031<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x2b6 y419a w50 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w276 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls113 ws5b\">Lifet<span class=\"_ _1\"></span>ime mortgage<span class=\"_ _1\"></span> loans<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x92b y4121 w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">5,861<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x92c y4121 wa8 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x92d y4121 w30 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5,766<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8da y4121 w50 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4184 w277 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls130 ws12a\">Coll<span class=\"_ _0\"></span>ateralised d<span class=\"_ _0\"></span>ebt obli<span class=\"_ _0\"></span>gations<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x913 y4184 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">52<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x914 y4184 wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x942 y4184 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">54<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x943 y4184 wbf h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w21b h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws0\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x862 y40ae w2f h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">87,172<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x944 y40ae w4a h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">100<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x945 y40ae w3e h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">81,330<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4dc y40ae w42 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">100<span class=\"_ _3b2\"> </span></div></td></tr></table><table class=\"s w164 h165\" id=\"_42e1da9b-29a2-4ef5-99fb-c48fa05a8229\"><tr><td></td><td class=\"t m0 x1c6 h13 y43a3 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c7 hf y43a3 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 h13 y43a4 ff6 fs9 fc1 sc0 ls18 ws32\">An<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>ys<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>s of sove<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>ig<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>s, su<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d sub<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>sove<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ei<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>ns<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c8 h13 y43a4 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 hf y43a4 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 hb y43a5 ff6 fs6 fc1 sc0 ls56 ws55\">Ma<span class=\"_ _0\"></span>rke<span class=\"_ _0\"></span>t val<span class=\"_ _0\"></span>ue by re<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>on<span class=\"_ _3b2\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4304 w250 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">United Kingdom<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x57c y4304 w2f h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">13,298<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1d3 y4304 w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">8,790<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40be w258 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls52 ws12a\">USA<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x250 y40be w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,528<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x251 y40be w30 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,696<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y43a6 w259 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 lsea ws122\">Netherlan<span class=\"_ _0\"></span>ds<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x56b y43a6 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">29<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x946 y43a6 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">40<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y418c w25a h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">Fran<span class=\"_ _0\"></span>ce<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x209 y418c w4a h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">377<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x230 y418c w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">52<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4180 w25b h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">Germany<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1f8 y4180 w4a h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">123<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x907 y4180 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">84<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4182 w278 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x429 y4182 w4a h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">426<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x42a y4182 w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">425<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4183 w260 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Res<span class=\"_ _0\"></span>t of Eur<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x947 y4183 w4a h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">324<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x655 y4183 w4b h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">248<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4122 w261 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Res<span class=\"_ _0\"></span>t of Wor<span class=\"_ _0\"></span>ld<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x948 y4122 w4a h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">577<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x949 y4122 w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">534<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w21b h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws0\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x256 y40ae w93 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">17,682<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x257 y40ae w3e h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">11,869<span class=\"_ _3b2\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDebtSecuritiesExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-689": {
   "value": "17<span class=\"_ _4\"></span><span class=\"ls26 ws93\">. <span class=\"_ _27\"> </span>Cred<span class=\"_ _0\"></span>it r<span class=\"_ _0\"></span>isk<span class=\"_ _3b2\"> </span></span>Th<span class=\"_ _0\"></span>e Group\u2019s exp<span class=\"_ _0\"></span>osur<span class=\"_ _0\"></span>e to <span class=\"_ _1\"></span>cre<span class=\"_ _0\"></span>dit ri<span class=\"_ _0\"></span>sk aris<span class=\"_ _0\"></span>es from i<span class=\"_ _0\"></span>ts offer<span class=\"_ _0\"></span>ing of insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce and inve<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent pro<span class=\"_ _0\"></span>du<span class=\"_ _0\"></span>cts<span class=\"_ _0\"></span>. The inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nts of share<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>lde<span class=\"_ _0\"></span>rs\u2019, pol<span class=\"_ _0\"></span>icy<span class=\"_ _0\"></span>hol<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>rs\u2019<span class=\"_ gsec\"> </span>an<span class=\"_ _0\"></span>d segr<span class=\"_ _0\"></span>egate<span class=\"_ _0\"></span>d clien<span class=\"_ _0\"></span>ts\u2019 mo<span class=\"_ _0\"></span>nies re<span class=\"_ _0\"></span>quire c<span class=\"_ _0\"></span>redi<span class=\"_ _0\"></span>t risks to be taken<span class=\"_ _0\"></span>, as well as the hed<span class=\"_ _0\"></span>ging of insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce (in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>g reinsu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce) and<span class=\"_ gsec\"> </span>oth<span class=\"_ _0\"></span>er<span class=\"_ gsec\"> </span>f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al risks<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Ove<span class=\"_ _0\"></span>rsig<span class=\"_ _0\"></span>ht of credi<span class=\"_ _0\"></span>t risk ma<span class=\"_ _0\"></span>nage<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt has be<span class=\"_ _0\"></span>en de<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>gated by the Bo<span class=\"_ _0\"></span>ard to the Grou<span class=\"_ _0\"></span>p Risk Fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>ial Risk C<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>mit<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>e (GRFR<span class=\"_ _0\"></span>C), the remit of whic<span class=\"_ _0\"></span>h inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>es prop<span class=\"_ _0\"></span>osi<span class=\"_ _0\"></span>ng the Gro<span class=\"_ _0\"></span>up\u2019s appe<span class=\"_ _0\"></span>tite for cred<span class=\"_ _0\"></span>it ris<span class=\"_ _0\"></span>k in aggre<span class=\"_ _0\"></span>gate, and by issu<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s, se<span class=\"_ _0\"></span>ctor<span class=\"_ _0\"></span>s, an<span class=\"_ _0\"></span>d geo<span class=\"_ _0\"></span>gr<span class=\"_ _0\"></span>aphy, and moni<span class=\"_ _0\"></span>torin<span class=\"_ _0\"></span>g actu<span class=\"_ _0\"></span>al exp<span class=\"_ _0\"></span>osure<span class=\"_ _0\"></span>s relati<span class=\"_ _0\"></span>ve to appeti<span class=\"_ _0\"></span>te. The G<span class=\"_ _0\"></span>RF<span class=\"_ _0\"></span>RC also co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s cred<span class=\"_ _0\"></span>it risk im<span class=\"_ _0\"></span>pli<span class=\"_ _0\"></span>cit in new as<span class=\"_ _0\"></span>set cla<span class=\"_ _0\"></span>sses an<span class=\"_ _0\"></span>d cor<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>rate tran<span class=\"_ _0\"></span>sac<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s, an<span class=\"_ _0\"></span>d advis<span class=\"_ _0\"></span>es on app<span class=\"_ _0\"></span>ropr<span class=\"_ _0\"></span>iate cou<span class=\"_ _0\"></span>nter<span class=\"_ _0\"></span>par<span class=\"_ _3\"></span>ty ris<span class=\"_ _0\"></span>k tolera<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>es. T<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up co<span class=\"_ _0\"></span>ntrol<span class=\"_ _0\"></span>s its exp<span class=\"_ _0\"></span>osure to cou<span class=\"_ _0\"></span>nterp<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y c<span class=\"_ _0\"></span>redi<span class=\"_ _0\"></span>t risk thro<span class=\"_ _0\"></span>ug<span class=\"_ _0\"></span>h defi<span class=\"_ _0\"></span>ning th<span class=\"_ _0\"></span>e minim<span class=\"_ _0\"></span>um f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial s<span class=\"_ _0\"></span>tren<span class=\"_ _0\"></span>gth of the cou<span class=\"_ _0\"></span>nter<span class=\"_ _0\"></span>par<span class=\"_ _3\"></span>ties with whi<span class=\"_ _0\"></span>ch it will d<span class=\"_ _0\"></span>eal and se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ting exp<span class=\"_ _0\"></span>osu<span class=\"_ _0\"></span>re toler<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>es for the<span class=\"_ _0\"></span>se cou<span class=\"_ _0\"></span>nterp<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>, whic<span class=\"_ _0\"></span>h are moni<span class=\"_ _0\"></span>tored an<span class=\"_ _0\"></span>d reviewe<span class=\"_ _0\"></span>d by ope<span class=\"_ _0\"></span>ratio<span class=\"_ _0\"></span>nal mana<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t on a counte<span class=\"_ _0\"></span>rpa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>by<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>terp<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y basi<span class=\"_ _0\"></span>s.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e credi<span class=\"_ _0\"></span>t prof<span class=\"_ _0\"></span>ile of the Gro<span class=\"_ _0\"></span>up\u2019s assets exp<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>d to credi<span class=\"_ _0\"></span>t risk is shown b<span class=\"_ _0\"></span>elow. This in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>es bot<span class=\"_ _0\"></span>h ex<span class=\"_ _0\"></span>terna<span class=\"_ _0\"></span>lly and inte<span class=\"_ _0\"></span>rnal<span class=\"_ _0\"></span>ly rated po<span class=\"_ _0\"></span>siti<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>. Uni<span class=\"_ _0\"></span>t linked as<span class=\"_ _0\"></span>sets have not be<span class=\"_ _0\"></span>en in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d as shareh<span class=\"_ _0\"></span>old<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s are not dire<span class=\"_ _0\"></span>ctly ex<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>ed to the asso<span class=\"_ _0\"></span>ciate<span class=\"_ _0\"></span>d credi<span class=\"_ _0\"></span>t risk<span class=\"_ _0\"></span>. Ad<span class=\"_ _0\"></span>diti<span class=\"_ _0\"></span>onal<span class=\"_ _0\"></span>ly, assets suc<span class=\"_ _0\"></span>h as equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y sec<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>itie<span class=\"_ _0\"></span>s, defe<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d acqu<span class=\"_ _0\"></span>isiti<span class=\"_ _0\"></span>on co<span class=\"_ _0\"></span>sts and ta<span class=\"_ _0\"></span>x have no expo<span class=\"_ _0\"></span>sure to the asso<span class=\"_ _0\"></span>ciate<span class=\"_ _0\"></span>d credi<span class=\"_ _0\"></span>t risk an<span class=\"_ _0\"></span>d there<span class=\"_ _0\"></span>fore have also be<span class=\"_ _0\"></span>en exclu<span class=\"_ _0\"></span>ded<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>For ex<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>nall<span class=\"_ _0\"></span>y rated asse<span class=\"_ _0\"></span>ts, th<span class=\"_ _0\"></span>e cred<span class=\"_ _0\"></span>it ratin<span class=\"_ _0\"></span>g band<span class=\"_ _0\"></span>s are provid<span class=\"_ _0\"></span>ed by inde<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>ent rati<span class=\"_ _0\"></span>ng age<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>. Unrate<span class=\"_ _0\"></span>d trade<span class=\"_ _0\"></span>d inst<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts are assig<span class=\"_ _0\"></span>ned a rati<span class=\"_ _0\"></span>ng thro<span class=\"_ _0\"></span>ugh a po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>folio revi<span class=\"_ _0\"></span>ew pro<span class=\"_ _0\"></span>ces<span class=\"_ _0\"></span>s or throu<span class=\"_ _0\"></span>gh a co<span class=\"_ _0\"></span>mmi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tee, de<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>ng on co<span class=\"_ _0\"></span>mpl<span class=\"_ _0\"></span>exi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y. <span class=\"_ _1\"></span>Ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tai<span class=\"_ _0\"></span>n assets re<span class=\"_ _0\"></span>quir<span class=\"_ _0\"></span>e an interna<span class=\"_ _0\"></span>l rating eve<span class=\"_ _0\"></span>n when an<span class=\"_ _0\"></span> ex<span class=\"_ _0\"></span>tern<span class=\"_ _0\"></span>al ratin<span class=\"_ _0\"></span>g is already avail<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e, if thes<span class=\"_ _0\"></span>e con<span class=\"_ _0\"></span>stit<span class=\"_ _0\"></span>ute materi<span class=\"_ _0\"></span>al trad<span class=\"_ _0\"></span>ed exp<span class=\"_ _0\"></span>osu<span class=\"_ _0\"></span>res or are co<span class=\"_ _0\"></span>mpl<span class=\"_ _0\"></span>ex sec<span class=\"_ _0\"></span>uri<span class=\"_ _0\"></span>tisa<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s or direc<span class=\"_ _0\"></span>t invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts. In th<span class=\"_ _0\"></span>ese case<span class=\"_ _0\"></span>s, inte<span class=\"_ _0\"></span>rnal ra<span class=\"_ _0\"></span>tings are as<span class=\"_ _0\"></span>sign<span class=\"_ _0\"></span>ed by eit<span class=\"_ _0\"></span>her th<span class=\"_ _0\"></span>e Ass<span class=\"_ _0\"></span>et Mana<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t Dire<span class=\"_ _0\"></span>ct Invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt ratin<span class=\"_ _0\"></span>g team or the asse<span class=\"_ _0\"></span>t manag<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent f<span class=\"_ _0\"></span>ir<span class=\"_ _0\"></span>m that ori<span class=\"_ _0\"></span>ginate<span class=\"_ _0\"></span>d the transaction<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e car<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 the f<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial ass<span class=\"_ _0\"></span>ets re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>rde<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>ial s<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nts re<span class=\"_ _0\"></span>pres<span class=\"_ _0\"></span>ents t<span class=\"_ _0\"></span>he ma<span class=\"_ _0\"></span>xim<span class=\"_ _0\"></span>um ex<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>ure to cre<span class=\"_ _0\"></span>dit r<span class=\"_ _0\"></span>isk b<span class=\"_ _0\"></span>efore tak<span class=\"_ _0\"></span>ing<span class=\"_ gsec\"> </span>ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>unt of col<span class=\"_ _0\"></span>lateral he<span class=\"_ _0\"></span>ld<span class=\"_ _0\"></span>. Coll<span class=\"_ _0\"></span>ateral is he<span class=\"_ _0\"></span>ld to mitigate cre<span class=\"_ _0\"></span>dit ris<span class=\"_ _0\"></span>k expo<span class=\"_ _0\"></span>sure<span class=\"_ _0\"></span>s, by vir<span class=\"_ _3\"></span>tue of transa<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ons in lo<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ated der<span class=\"_ _0\"></span>ivati<span class=\"_ _0\"></span>ves and<span class=\"_ _0\"></span> stoc<span class=\"_ _0\"></span>k<span class=\"_ gsec\"> </span>len<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>g activ<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>es.<span class=\"_ _3b2\"> </span>Sha<span class=\"_ _0\"></span>reholder<span class=\"_ _3b2\"> </span><table class=\"s w154 h167\" id=\"_ce0aaef1-04c1-4e5a-8156-312c7dd80265\"><tr><td></td><td></td><td class=\"t m0 x6c1 h13 y43af ff5 fs9 fc1 sc0 ls197 ws1c2\">AAA<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x95c h13 y43af ff5 fs9 fc1 sc0 ls197 ws1c2\">AA<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x95d h13 y43af ff5 fs9 fc1 sc0 ls1 ws0\">A<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x31f h13 y43af ff5 fs9 fc1 sc0 ls39 ws178\">BBB<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x95e h13 y43af ff5 fs9 fc1 sc0 ls18 ws0\">BB a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d be<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>w<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x280 h13 y43af ff5 fs9 fc1 sc0 ls38 ws3a\">Other<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c7 h13 y43af ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y43b0 w27c h12b\"><div class=\"t m0 x1ca hf y415b ff5 fs9 fc1 sc0 ls18 ws0\">As a<span class=\"_ _0\"></span>t 31 De<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>4<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x95f y43b1 w27d h11e\"><div class=\"t m0 x1ca hf y415d ff3 fs9 fc1 sc0 lsee wsf5\">N<span class=\"_ _0\"></span>ote<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"t m0 x321 h13 y43b2 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x464 h13 y43b2 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x432 h13 y43b2 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x465 h13 y43b2 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x466 h13 y43b2 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x467 h13 y43b2 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 h13 y43b2 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y4323 w27e h116\"><div class=\"t m0 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls1 ws23\">Governme<span class=\"_ _1\"></span>nt securit<span class=\"_ _1\"></span>ies<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x960 y4323 w4a h116\"><div class=\"t m0 x1ca h1a y40b1 ff5 fs6 fc1 sc0 ls56 ws55\">199<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x961 y4323 w2f h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls56 ws55\">13,741<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x59e y4323 w4a h116\"><div class=\"t m0 x1ca h1a y40b1 ff5 fs6 fc1 sc0 ls56 ws55\">232<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x962 y4323 w4a h116\"><div class=\"t m0 x1ca h1a y40b1 ff5 fs6 fc1 sc0 ls56 ws55\">159<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x963 y4323 w7b h116\"><div class=\"t m0 x1ca h1a y40b1 ff5 fs6 fc1 sc0 ls56 ws55\">18<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x964 y4323 wa8 h116\"><div class=\"t m0 x1ca h1a y40b1 ff5 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x965 y4323 w93 h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls56 ws55\">14,350<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y42f0 w27f h116\"><div class=\"t m0 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls10a ws5a\">Other fixed rate securities<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x966 y42f0 w36 h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls56 ws55\">1,988<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x967 y42f0 w36 h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls56 ws55\">7,690<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x968 y42f0 w2f h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls56 ws55\">23,145<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x969 y42f0 w2f h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls56 ws55\">21,696<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x96a y42f0 w4a h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls56 ws55\">361<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x96b y42f0 w7b h116\"><div class=\"t m0 x1ca h1a y40b1 ff5 fs6 fc1 sc0 ls56 ws55\">42<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x96c y42f0 w2f h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls56 ws55\">54,922<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y43b3 w19b h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">Varia<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>e rate secu<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x96d y43b3 w4a h116\"><div class=\"t m0 x1ca hc y4084 ff6 fs6 fc1 sc0 ls56 ws55\">774<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x80b y43b3 w36 h116\"><div class=\"t m0 x1ca hc y4084 ff6 fs6 fc1 sc0 ls56 ws55\">2,703<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x96e y43b3 w36 h116\"><div class=\"t m0 x1ca hc y4084 ff6 fs6 fc1 sc0 ls56 ws55\">4,165<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x96f y43b3 w36 h116\"><div class=\"t m0 x1ca hc y4084 ff6 fs6 fc1 sc0 ls56 ws55\">3,558<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x970 y43b3 w4a h116\"><div class=\"t m0 x1ca hc y4084 ff5 fs6 fc1 sc0 ls56 ws55\">122<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x971 y43b3 w7b h116\"><div class=\"t m0 x1ca hc y4084 ff6 fs6 fc1 sc0 ls56 ws55\">16<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x972 y43b3 w2f h116\"><div class=\"t m0 x1ca hc y4084 ff6 fs6 fc1 sc0 ls56 ws55\">11,338<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y42f3 w21c h116\"><div class=\"t m0 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls113 ws5b\">Lifet<span class=\"_ _1\"></span>ime mortgages<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x973 y42f3 wa4 h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x974 y42f3 w36 h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls56 ws55\">4,917<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x59e y42f3 w4a h116\"><div class=\"t m0 x1ca h1a y40b1 ff5 fs6 fc1 sc0 ls56 ws55\">483<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x962 y42f3 w4a h116\"><div class=\"t m0 x1ca h1a y40b1 ff5 fs6 fc1 sc0 ls56 ws55\">402<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x975 y42f3 wa6 h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x976 y42f3 w7b h116\"><div class=\"t m0 x1ca h1a y40b1 ff5 fs6 fc1 sc0 ls56 ws55\">59<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x977 y42f3 w36 h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls56 ws55\">5,861<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4377 w280 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws23\">Accrued in<span class=\"_ _1\"></span>tere<span class=\"_ _1\"></span>st<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x978 y4377 w246 h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">25<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x979 y4377 w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">135<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x97a y4377 w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">256<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x97b y4377 w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">277<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x97c y4377 w59 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">6<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x97d y4377 wa8 h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x29b y4377 w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">701<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40bf w281 h118\"><div class=\"t m0 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls1 ws23\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> debt securities<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x97e y40bf w36 h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">2,986<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x97f y40bf w2f h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">29,186<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x980 y40bf w2f h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">28,281<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x981 y40bf w2f h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">26,092<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x982 y40bf w4a h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">507<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x983 y40bf w4a h118\"><div class=\"t m0 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">120<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x984 y40bf w2f h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">87,172<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4325 w282 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws132\">Loans<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x985 y4325 wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x986 y4325 w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">226<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x987 y4325 w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">303<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x988 y4325 wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x989 y4325 wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x98a y4325 w36 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">2,185<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x98b y4325 w36 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">2,714<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y42f5 w1fd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls112 ws1e\">Der<span class=\"_ _0\"></span>ivative assets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x98c y42f5 w39 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">13<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x98d y42f5 wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x98e y42f5 w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">733<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x98f y42f5 w2f h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">48,298<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x990 y42f5 wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7fe y42f5 wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x991 y42f5 w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">164<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x762 y42f5 w2f h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">49,195<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4192 w87 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Cas<span class=\"_ _0\"></span>h an<span class=\"_ _0\"></span>d cas<span class=\"_ _0\"></span>h eq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>vale<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x992 y4192 w39 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">15<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x993 y4192 w36 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">1,420<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x98e y4192 w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">408<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x767 y4192 w36 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">1,628<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x994 y4192 w70 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">72<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x995 y4192 wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x996 y4192 w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">229<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x997 y4192 w36 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">3,757<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y419e w83 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10e ws54\">Reinsurance contract asset<span class=\"_ _1\"></span>s<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x985 y419e wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x998 y419e w36 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">3,889<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x999 y419e w36 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">5,047<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x99a y419e w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">228<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x99b y419e wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x99c y419e wa8 h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x99d y419e w36 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">9,165<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41a9 wd1 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls114 ws10d\">Oth<span class=\"_ _0\"></span>er assets<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x99e y41a9 w246 h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">12<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x99f y41a9 w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">152<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9a0 y41a9 w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">176<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9a1 y41a9 w7b h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">29<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9a2 y41a9 wa6 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9a3 y41a9 w36 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">3,783<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9a4 y41a9 w36 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">4,152<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w21b h118\"><div class=\"t m0 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls1 ws0\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x9a5 y40ae w36 h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">4,418<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9a6 y40ae w215 h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">34,594<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9a7 y40ae w2f h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">83,733<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9a8 y40ae w2f h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">26,421<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9a9 y40ae w4a h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">507<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9aa y40ae w36 h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">6,482<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9ab y40ae w89 h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">156,155<span class=\"_ _3b2\"> </span></div></td></tr></table><table class=\"s w283 h168\" id=\"_88db9f28-d2f9-4c38-9384-58082f768a57\"><tr><td></td><td></td><td class=\"t m0 x6c1 hf y43b4 ff3 fs9 fc1 sc0 ls198 ws1c3\">AAA<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x95c hf y43b4 ff3 fs9 fc1 sc0 ls198 ws1c3\">AA<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x95d hf y43b4 ff3 fs9 fc1 sc0 ls1 ws0\">A<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x31f hf y43b4 ff3 fs9 fc1 sc0 ls37 ws7\">BBB<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x9ac hf y43b4 ff3 fs9 fc1 sc0 ls18 ws0\">BB a<span class=\"_ _0\"></span>nd b<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>ow<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x32b hf y43b4 ff3 fs9 fc1 sc0 ls1b ws1f\">Other<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c7 hf y43b4 ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y43b5 w284 h11e\"><div class=\"t m0 x1ca hf y415b ff3 fs9 fc1 sc0 ls18 ws0\">As a<span class=\"_ _0\"></span>t 31 De<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>3<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9ad y43b5 w10d h11e\"><div class=\"t m0 x1ca hf y415b ff3 fs9 fc1 sc0 lsee wsf5\">Note<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"t m0 x321 hf y43b6 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x464 hf y43b6 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x432 hf y43b6 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x465 hf y43b6 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x466 hf y43b6 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x467 hf y43b6 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 hf y43b6 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y40ba w27e h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Governme<span class=\"_ _1\"></span>nt securit<span class=\"_ _1\"></span>ies<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x9ae y40ba w42 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">242<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9af y40ba wc5 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">8,141<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9b0 y40ba w42 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">253<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9b1 y40ba w39 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">98<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9b2 y40ba w75 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9b3 y40ba w50 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9b4 y40ba w30 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">8,736<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y43b7 w27f h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10a ws5a\">Other fixed rate securities<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x9b5 y43b7 wc5 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,083<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9b6 y43b7 wc5 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">7,080<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9b7 y43b7 w3e h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">24,206<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9b8 y43b7 w3e h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">21,646<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9b9 y43b7 w42 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">299<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9ba y43b7 w42 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">141<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9bb y43b7 w3e h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">55,455<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41d1 w19b h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">Varia<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>e rate secu<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x9bc y41d1 w42 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">471<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9bd y41d1 wc5 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,734<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7aa y41d1 w37 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">4,039<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9be y41d1 w37 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,328<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9bf y41d1 w4b h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">133<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9c0 y41d1 w50 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9c1 y41d1 w3e h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">10,707<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4304 w21c h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls113 ws5b\">Lifet<span class=\"_ _1\"></span>ime mortgages<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x973 y4304 wbd h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9c2 y4304 wc5 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">4,835<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9c3 y4304 w4b h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">504<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9c4 y4304 w4b h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">402<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9c5 y4304 wbf h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9c6 y4304 w39 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">25<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9c7 y4304 w37 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5,766<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4189 w280 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws23\">Accrued in<span class=\"_ _1\"></span>tere<span class=\"_ _1\"></span>st<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x978 y4189 w39 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">24<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9c8 y4189 w42 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">113<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9c9 y4189 w42 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">240<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9ca y4189 w42 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">283<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9cb y4189 w50 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9cc y4189 w75 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3b2 y4189 w42 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">666<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4305 w285 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10a ws5a\">T<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>tal debt securities<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x9cd y4305 wc5 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,820<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9ce y4305 w3e h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">22,903<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9cf y4305 wd3 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">29,242<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9d0 y4305 wd3 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">25,757<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9d1 y4305 w42 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">437<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9d2 y4305 w42 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">171<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3bf y4305 wd3 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">81,330<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c0 w282 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Loans<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x9d3 y40c0 wbe h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9d4 y40c0 w153 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">183<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9d5 y40c0 w42 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">893<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9d6 y40c0 wbd h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9d7 y40c0 wbd h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9d8 y40c0 w42 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">536<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x861 y40c0 w30 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,612<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4306 w1fd h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls112 ws1e\">Der<span class=\"_ _0\"></span>ivative assets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x98c y4306 w39 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">13<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x98d y4306 wbd h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9d9 y4306 w39 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">35<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9da y4306 w3e h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">37,332<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9db y4306 wbd h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9dc y4306 w50 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9dd y4306 w42 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">651<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9de y4306 w3e h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">38,019<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c2 w87 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Cas<span class=\"_ _0\"></span>h an<span class=\"_ _0\"></span>d cas<span class=\"_ _0\"></span>h eq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>vale<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x992 y40c2 w39 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">15<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9df y40c2 w42 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">985<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9e0 y40c2 w42 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">805<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9e1 y40c2 w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,886<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9e2 y40c2 w42 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">115<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9e3 y40c2 wbd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9e4 y40c2 w42 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">444<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7b1 y40c2 w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">4,235<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w83 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws54\">Reinsurance contract asset<span class=\"_ _1\"></span>s<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x985 y4121 wbe h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x516 y4121 wc5 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">4,163<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x517 y4121 w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,551<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9e5 y4121 w42 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">256<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9e6 y4121 wbd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9e7 y4121 w42 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">336<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1e8 y4121 w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">7,306<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4158 wd1 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls114 ws10d\">Oth<span class=\"_ _0\"></span>er assets<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x99e y4158 w39 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">15<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9e8 y4158 w42 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">253<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9e9 y4158 w42 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">237<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9ea y4158 w42 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">116<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9eb y4158 w75 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9ec y4158 w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">6,050<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9ed y4158 w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">6,673<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w236 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls15e ws179\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x9ee y40ae w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,820<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9ef y40ae w3e h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">28,342<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9f0 y40ae w3e h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">72,141<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9f1 y40ae w3e h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">26,244<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9f2 y40ae w42 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">440<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9f3 y40ae w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">8,188<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x739 y40ae w82 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">139,175<span class=\"_ _3b2\"> </span></div></td></tr></table>Im<span class=\"_ _1\"></span>pairm<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>t<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e table b<span class=\"_ _0\"></span>elow sh<span class=\"_ _0\"></span>ows the gros<span class=\"_ _0\"></span>s car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>yi<span class=\"_ _0\"></span>ng value of fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ents me<span class=\"_ _0\"></span>asure<span class=\"_ _0\"></span>d at F<span class=\"_ _0\"></span>VO<span class=\"_ _0\"></span>CI<span class=\"_ gsec\"> </span>an<span class=\"_ _0\"></span>d amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>ed co<span class=\"_ _0\"></span>st spli<span class=\"_ _0\"></span>t by credi<span class=\"_ _0\"></span>t ratin<span class=\"_ _0\"></span>g, se<span class=\"_ _0\"></span>para<span class=\"_ _0\"></span>tely ide<span class=\"_ _0\"></span>ntif<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>ose inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nts for whic<span class=\"_ _0\"></span>h a 1<span class=\"_ _1\"></span>2-m<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>th ECL (i.e<span class=\"_ _0\"></span>. S<span class=\"_ _0\"></span>tag<span class=\"_ _0\"></span>e 1<span class=\"_ _1\"></span>) or Lifetime EC<span class=\"_ _0\"></span>L (i.e. S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>age 2 and 3) is calcul<span class=\"_ _0\"></span>ated, as well as any los<span class=\"_ _0\"></span>s allowan<span class=\"_ _0\"></span>ces re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>. As at 31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2024<span class=\"_ _0\"></span>, the Gro<span class=\"_ _0\"></span>up did not have any purc<span class=\"_ _0\"></span>has<span class=\"_ _0\"></span>ed or or<span class=\"_ _0\"></span>igin<span class=\"_ _0\"></span>ated cre<span class=\"_ _0\"></span>dit-<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>pai<span class=\"_ _0\"></span>red f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span> (202<span class=\"_ _0\"></span>3:<span class=\"_ gsec\"> </span>n<span class=\"_ _0\"></span>o purch<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>d or ori<span class=\"_ _0\"></span>ginated c<span class=\"_ _0\"></span>redi<span class=\"_ _0\"></span>t-<span class=\"_ _0\"></span>imp<span class=\"_ _0\"></span>aire<span class=\"_ _0\"></span>d fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts).<span class=\"_ _3b2\"> </span><table class=\"s w286 h169\" id=\"_b4f69223-246c-45d7-85aa-f03efa4aff24\"><tr><td></td><td class=\"t m0 x9f4 h13 y43b8 ff5 fs9 fc1 sc0 ls3d ws86\">Assets under<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x9f5 h13 y43b8 ff5 fs9 fc1 sc0 ls3d ws86\">Assets under<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m0 x9f6 hf y43b8 ff3 fs9 fc1 sc0 ls1 ws16\">Assets under<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x9f7 hf y43b8 ff3 fs9 fc1 sc0 ls1 ws16\">Assets under<span class=\"ws0\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x9f8 h13 y43b9 ff5 fs9 fc1 sc0 ls18 ws0\">St<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ge 1<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x9f5 h13 y43b9 ff5 fs9 fc1 sc0 ls18 ws0\">St<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ge 2 a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d 3<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x430 h13 y43b9 ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x9f9 hf y43b9 ff3 fs9 fc1 sc0 ls189 ws4b\">Stage 1<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x9fa hf y43b9 ff3 fs9 fc1 sc0 ls18 ws0\">S<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ge 2 an<span class=\"_ _0\"></span>d 3<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c7 hf y43b9 ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 h13 y43ba ff6 fs9 fc1 sc0 ls167 ws182\">F<span class=\"_ _0\"></span>VOC<span class=\"_ _0\"></span>I<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x8d5 h13 y43ba ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x686 h13 y43ba ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x430 h13 y43ba ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x637 hf y43ba ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c6 hf y43ba ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c7 hf y43ba ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 h13 y43bb ff5 fs9 fc1 sc0 ls3b ws45\">Shareholder<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x282 h13 y43bb ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x5ef h13 y43bb ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x432 h13 y43bb ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x433 hf y43bb ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c8 hf y43bb ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 hf y43bb ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y40be w287 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls199 ws1c4\">AAA<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9fb y40be w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">88<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9fc y40be wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7f4 y40be w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">88<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9fd y40be w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">54<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9fe y40be wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9ff y40be w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">54<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4359 w288 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls199 ws1c4\">AA<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa00 y4359 w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,697<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa01 y4359 wa5 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa02 y4359 w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,697<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa03 y4359 w30 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,802<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa04 y4359 wbd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa05 y4359 w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,802<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c0 w289 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">A<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa06 y40c0 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">93<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa07 y40c0 wa4 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa08 y40c0 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">93<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1fa y40c0 w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">111<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x699 y40c0 wbf h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa09 y40c0 w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">111<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c1 w28a h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls4f wsa3\">BBB<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa0a y40c1 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">43<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa0b y40c1 wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa0c y40c1 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">43<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x23e y40c1 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">55<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5db y40c1 wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa0d y40c1 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">55<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y419a w28b h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">BB an<span class=\"_ _0\"></span>d b<span class=\"_ _0\"></span>elo<span class=\"_ _0\"></span>w<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa0e y419a wa4 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa0f y419a wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa10 y419a wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa11 y419a wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa12 y419a wbf h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa13 y419a wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w141 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 lsea ws122\">Othe<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa14 y4121 wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa15 y4121 wa4 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa16 y4121 wa6 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa17 y4121 wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa18 y4121 wbf h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa19 y4121 wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y43bc w28c h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws23\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> gross<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa1a y43bc w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,921<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa1b y43bc wa5 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa1c y43bc w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,921<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x734 y43bc w30 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa1d y43bc wbf h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x814 y43bc w30 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,022<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w28d h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws132\">ECL<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa1e y40ae wb4 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(7)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa1f y40ae wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa20 y40ae w67 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(7)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa21 y40ae w6a h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(5)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa22 y40ae wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x64c y40ae wc0 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(5)<span class=\"_ _3b2\"> </span></div></td></tr></table><table class=\"s w20d h16a\" id=\"_a02fc243-1dbc-4860-8260-6d8966e576d9\"><tr><td></td><td class=\"c n xa23 y43bd w28e h11d\"><div class=\"t m0 x1ca h13 y4151 ff5 fs9 fc1 sc0 ls3d ws86\">Assets under</div></td><td class=\"t m0 x9f5 h13 y43be ff5 fs9 fc1 sc0 ls3d ws86\">Assets under<span class=\"ls1 ws0\"> </span></td><td></td><td class=\"t m0 x9f6 hf y43be ff3 fs9 fc1 sc0 ls1 ws16\">Assets under<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x9f7 hf y43be ff3 fs9 fc1 sc0 ls1 ws16\">Assets under<span class=\"ws0\"> </span></td><td></td></tr><tr><td></td><td class=\"c n xa24 y43bf w28f h11d\"><div class=\"t m0 x1ca h13 y4151 ff5 fs9 fc1 sc0 ls18 ws0\">St<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ge 1</div></td><td class=\"t m0 x9f5 h13 y43c0 ff5 fs9 fc1 sc0 ls18 ws0\">St<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ge 2 a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d 3<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x430 h13 y43c0 ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x9f9 hf y43c0 ff3 fs9 fc1 sc0 ls189 ws4b\">Stage 1<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x9fa hf y43c0 ff3 fs9 fc1 sc0 ls18 ws0\">S<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ge 2 an<span class=\"_ _0\"></span>d 3<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c7 hf y43c0 ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c x1cb y43c1 w290 h11d\"><div class=\"t m0 x1ca h13 y4151 ff5 fs9 fc1 sc0 ls115 ws121\">Amor<span class=\"_ _0\"></span>tised cost<span class=\"_ _3b2\"> </span></div><div class=\"t m0 xa25 h13 y4151 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"t m0 x686 h13 y43c2 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x430 h13 y43c2 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x637 hf y43c2 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c6 hf y43c2 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c7 hf y43c2 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y43c3 w291 h11d\"><div class=\"t m0 x1ca h13 y4151 ff5 fs9 fc1 sc0 ls3b ws45\">Shareholder<span class=\"_ _3b2\"> </span></div></td><td class=\"t m0 x282 h13 y43c4 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x5ef h13 y43c4 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x432 h13 y43c4 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x433 hf y43c4 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c8 hf y43c4 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 hf y43c4 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y433b w287 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls199 ws1c4\">AAA<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa26 y433b w4a h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">242<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa27 y433b wa4 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa28 y433b w4a h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">242<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa29 y433b w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">253<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa2a y433b wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa2b y433b w4b h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">253<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4189 w288 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls199 ws1c4\">AA<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa2c y4189 w4a h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">542<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa2d y4189 wa4 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa2e y4189 w4a h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">542<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa2f y4189 w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">530<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa30 y4189 wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa31 y4189 w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">530<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40bf w289 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">A<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa32 y40bf w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">3,873<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa33 y40bf wa5 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa34 y40bf w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">3,873<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa35 y40bf w30 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,478<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa36 y40bf wbd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa37 y40bf w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,478<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41dd w28a h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls4f wsa3\">BBB<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa38 y41dd w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">4,312<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa39 y41dd wa4 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x93f y41dd w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">4,312<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x723 y41dd w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,647<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x937 y41dd w42 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">113<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa3a y41dd w30 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,760<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4180 w28b h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">BB an<span class=\"_ _0\"></span>d b<span class=\"_ _0\"></span>elo<span class=\"_ _0\"></span>w<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa0e y4180 wa4 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa3b y4180 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">29<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa3c y4180 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">29<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa3d y4180 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">18<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa3e y4180 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">25<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x25f y4180 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">43<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4181 w141 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 lsea ws122\">Othe<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa3f y4181 w246 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">83<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa40 y4181 wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa41 y4181 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">83<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa42 y4181 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">12<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa43 y4181 wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9ff y4181 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">12<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w28c h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws23\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> gross<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa1a y4121 w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">9,052<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa44 y4121 w246 h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">29<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa45 y4121 w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">9,081<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa03 y4121 w30 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">7,938<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa46 y4121 w42 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">138<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7a9 y4121 w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">8,076<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4184 w28d h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws132\">ECL<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa47 y4184 w14c h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(32)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa48 y4184 wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa49 y4184 w41 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(32)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa4a y4184 w71 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(25)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa4b y4184 w6a h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(6)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa4c y4184 w71 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(31)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w292 h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws23\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> net amount<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa1a y40ae w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">9,020<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa44 y40ae w246 h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">29<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa45 y40ae w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">9,049<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa03 y40ae w30 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">7,913<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa46 y40ae w42 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">132<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7a9 y40ae w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">8,045<span class=\"_ _3b2\"> </span></div></td></tr></table>Ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r <span class=\"_ _1\"></span>fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial assets at <span class=\"_ _1\"></span>amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tise<span class=\"_ _0\"></span>d cost are <span class=\"_ _1\"></span>pred<span class=\"_ _0\"></span>omi<span class=\"_ _0\"></span>nant<span class=\"_ _0\"></span>ly unrated other recei<span class=\"_ _0\"></span>vabl<span class=\"_ _0\"></span>es with an <span class=\"_ _1\"></span>immater<span class=\"_ _0\"></span>ial loss allowance (202<span class=\"_ _0\"></span>3:<span class=\"_ gsec\"> </span>im<span class=\"_ _0\"></span>materi<span class=\"_ _0\"></span>al<span class=\"_ gsec\"> </span>los<span class=\"_ _0\"></span>s<span class=\"_ gsec\"> </span>allowa<span class=\"_ _0\"></span>nce)<span class=\"_ _3b2\"> </span>.<span class=\"_ _3b2\"> </span>Off<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>tting<span class=\"_ _3b2\"> </span>Fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial ass<span class=\"_ _0\"></span>ets an<span class=\"_ _0\"></span>d liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es are of<span class=\"_ _0\"></span>fse<span class=\"_ _0\"></span>t in th<span class=\"_ _0\"></span>e Co<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>lidated B<span class=\"_ _0\"></span>ala<span class=\"_ _0\"></span>nce S<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t whe<span class=\"_ _0\"></span>n the G<span class=\"_ _0\"></span>roup h<span class=\"_ _0\"></span>as a le<span class=\"_ _0\"></span>gall<span class=\"_ _0\"></span>y enforc<span class=\"_ _0\"></span>eab<span class=\"_ _0\"></span>le ri<span class=\"_ _0\"></span>ght to of<span class=\"_ _0\"></span>fset an<span class=\"_ _0\"></span>d has th<span class=\"_ _0\"></span>e intenti<span class=\"_ _0\"></span>on to set<span class=\"_ _0\"></span>tle the as<span class=\"_ _0\"></span>set and li<span class=\"_ _0\"></span>abili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y on a net basis<span class=\"_ _0\"></span>, or to realise the ass<span class=\"_ _0\"></span>et and lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y simul<span class=\"_ _0\"></span>tan<span class=\"_ _0\"></span>eo<span class=\"_ _0\"></span>usly.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p has n<span class=\"_ _0\"></span>ot entere<span class=\"_ _0\"></span>d into any f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al tran<span class=\"_ _0\"></span>sac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns resu<span class=\"_ _0\"></span>ltin<span class=\"_ _0\"></span>g in f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al asse<span class=\"_ _0\"></span>ts and li<span class=\"_ _0\"></span>abili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s bei<span class=\"_ _0\"></span>ng of<span class=\"_ _0\"></span>fse<span class=\"_ _0\"></span>t in the C<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>soli<span class=\"_ _0\"></span>dated B<span class=\"_ _0\"></span>alan<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span> Sh<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t. T<span class=\"_ _0\"></span>he tab<span class=\"_ _0\"></span>le be<span class=\"_ _0\"></span>low shows<span class=\"_ _0\"></span> the fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial as<span class=\"_ _0\"></span>sets an<span class=\"_ _0\"></span>d liabi<span class=\"_ _0\"></span>liti<span class=\"_ _0\"></span>es that are su<span class=\"_ _0\"></span>bje<span class=\"_ _0\"></span>ct to master ne<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g agre<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ents in sh<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>hol<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r asse<span class=\"_ _0\"></span>ts and liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>. Uni<span class=\"_ _0\"></span>t linked ass<span class=\"_ _0\"></span>ets and lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ties have not be<span class=\"_ _0\"></span>en in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d as shareh<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>s are not expo<span class=\"_ _0\"></span>sed to the ris<span class=\"_ _0\"></span>ks on thes<span class=\"_ _0\"></span>e poli<span class=\"_ _0\"></span>cie<span class=\"_ _0\"></span>s.<span class=\"_ _3b2\"> </span><table class=\"s w293 h16b\" id=\"_5d324622-c773-43e8-932f-256ddd69602b\"><tr><td></td><td></td><td></td><td></td><td class=\"t m2 xa4d h13 y43c5 ff5 fs9 fc1 sc0 ls3d ws86\">Amounts subject to<span class=\"_ _1\"></span> enforceable<span class=\"_ _1\"></span> netting arrangements<span class=\"_ _3b2\"> </span></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"t m2 x94a h13 y43c6 ff5 fs9 fc1 sc0 ls3d ws86\">Amounts under master<span class=\"_ _1\"></span> netting arrangements but<span class=\"_ _1\"></span> not offset<span class=\"_ _3b2\"> </span></td><td></td></tr><tr><td></td><td class=\"t m2 x321 h13 y43c7 ff5 fs9 fc1 sc0 ls18 ws0\">Gr<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>nd n<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t </td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m2 xa4e h13 y43c8 ff5 fs9 fc1 sc0 ls14a ws163\">amounts reported </td><td></td><td></td><td class=\"t m2 x615 h13 y43c9 ff5 fs9 fc1 sc0 ls1 ws0\">Securit<span class=\"_ _0\"></span>ies </td><td></td></tr><tr><td></td><td class=\"t m2 x7be h13 y43ca ff5 fs9 fc1 sc0 ls3c ws4c\">in the<span class=\"_ _1\"></span> Consol<span class=\"_ _1\"></span>idated </td><td class=\"t m2 xa4f h13 y43ca ff5 fs9 fc1 sc0 ls38 ws3b\">Related financial<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x431 h13 y43cb ff5 fs9 fc1 sc0 ls29 ws30\">Cash<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x8d1 h13 y43cb ff5 fs9 fc1 sc0 ls38 ws3a\">collateral<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 h13 y43cb ff5 fs9 fc1 sc0 ls3c ws11e\">Net<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x273 h13 y43cc ff5 fs9 fc1 sc0 ls38 ws3b\">Balance Sheet<span class=\"_ _3b2\"> </span></td><td class=\"c xa51 y43cd w294 h123\"><div class=\"t m2 x1ca h13 y4151 ff5 fs9 fc1 sc0 ls3d ws131\">instruments</div><div class=\"t m2 xa50 h99 y41b3 ff5 fs1b fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c x51e y43cd w17e h123\"><div class=\"t m2 x1ca h13 y4151 ff5 fs9 fc1 sc0 ls38 ws3a\">collateral</div><div class=\"t m2 x57e h99 y41b3 ff5 fs1b fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c xa53 y43cd w295 h123\"><div class=\"t m2 x1ca h13 y4151 ff5 fs9 fc1 sc0 ls3d ws131\">pledged</div><div class=\"t m2 xa52 h99 y41b3 ff5 fs1b fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"t m2 x5cb h13 y43ce ff5 fs9 fc1 sc0 ls3d ws131\">amount<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 h13 y43cf ff5 fs9 fc1 sc0 ls18 ws0\">As a<span class=\"_ _0\"></span>t 31 De<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>4<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x5ef h13 y43cf ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x432 h13 y43d0 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x433 h13 y43d0 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 h13 y43d0 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 h13 y43d0 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y4325 w1fd h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls112 ws1e\">Der<span class=\"_ _0\"></span>ivative assets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa54 y4325 w2f h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">49,195<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa55 y4325 w44 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(48,433)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa56 y4325 w41 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(85)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa57 y4325 w3a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(677)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa58 y4325 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y42f5 w296 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws23\">Rev<span class=\"_ _1\"></span>erse r<span class=\"_ _1\"></span>epurchase<span class=\"_ _1\"></span> agr<span class=\"_ _1\"></span>eements<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa59 y42f5 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">2,630<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa5a y42f5 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa5b y42f5 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x2d4 y42f5 w33 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(2,630)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa5c y42f5 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c2 w21b h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls1 ws0\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa5d y40c2 w215 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">51,825<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa5e y40c2 wd7 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">(48,433)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa5f y40c2 w41 h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">(85)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa60 y40c2 w33 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">(3,307)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa61 y40c2 wa5 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y419e w231 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls112 ws1e\">Der<span class=\"_ _0\"></span>ivative liabiliti<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa62 y419e w44 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(54,274)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa63 y419e w2f h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">48,433<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa64 y419e w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">630<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1e7 y419e w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">5,211<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa65 y419e wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41a9 w297 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls114 ws10d\">Repurch<span class=\"_ _0\"></span>ase agreem<span class=\"_ _0\"></span>ents<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa66 y41a9 w33 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(2,488)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa67 y41a9 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa68 y41a9 wa6 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3ff y41a9 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">2,488<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa69 y41a9 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w21b h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls1 ws0\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa6a y40ae w298 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">(56,762)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x80c y40ae w2f h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">48,433<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa6b y40ae w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">630<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa6c y40ae w36 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">7,699<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa6d y40ae wa5 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr></table><table class=\"s w299 h16c\" id=\"_83583681-1f3c-40c6-ac16-f25d9edad5bb\"><tr><td></td><td></td><td></td><td></td><td class=\"t m2 x26e hf y43d1 ff3 fs9 fc1 sc0 ls18 ws0\">Am<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s su<span class=\"_ _0\"></span>bje<span class=\"_ _0\"></span>ct to e<span class=\"_ _0\"></span>nfo<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>e ne<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g ar<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts<span class=\"_ _3b2\"> </span></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"t m2 xa6e hf y43d2 ff3 fs9 fc1 sc0 ls18 ws0\">Am<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s un<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r mas<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r net<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g ar<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts b<span class=\"_ _0\"></span>ut n<span class=\"_ _0\"></span>ot of<span class=\"_ _0\"></span>fs<span class=\"_ _0\"></span>et<span class=\"_ _3b2\"> </span></td><td></td></tr><tr><td></td><td class=\"t m2 x9f5 hf y43d3 ff3 fs9 fc1 sc0 ls1 ws16\">Gross and<span class=\"_ _1\"></span> net </td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m2 xa6f hf y43d4 ff3 fs9 fc1 sc0 ls1 ws16\">amounts reported in </td><td></td><td></td><td class=\"t m2 x8d1 hf y43d5 ff3 fs9 fc1 sc0 ls168 ws183\">Securi<span class=\"_ _0\"></span>ties </td><td></td></tr><tr><td></td><td class=\"t m2 xa70 hf y43d6 ff3 fs9 fc1 sc0 ls189 ws4b\">the Consolidated </td><td class=\"t m2 xa71 hf y43d6 ff3 fs9 fc1 sc0 ls187 ws41\">Related financial<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x637 hf y43d7 ff3 fs9 fc1 sc0 ls111 wsc0\">Cash<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x42b hf y43d7 ff3 fs9 fc1 sc0 lsee wsf5\">co<span class=\"_ _0\"></span>lla<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>al<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y43d7 ff3 fs9 fc1 sc0 ls1 ws0\">Net<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x321 hf y43d8 ff3 fs9 fc1 sc0 ls187 ws41\">Balance Sheet<span class=\"_ _3b2\"> </span></td><td class=\"c x27d y43d9 w29a h11e\"><div class=\"t m2 x1ca hf y40a5 ff3 fs9 fc1 sc0 ls1b ws1f\">instrume<span class=\"_ _0\"></span>nts</div><div class=\"t m2 xa72 ha4 y41be ff3 fs1b fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c x61d y43d9 w29b h11e\"><div class=\"t m2 x1ca hf y40a5 ff3 fs9 fc1 sc0 lsee wsf5\">co<span class=\"_ _0\"></span>lla<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>al</div><div class=\"t m2 xa73 ha4 y41be ff3 fs1b fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c xa53 y43d9 w29c h11e\"><div class=\"t m2 x1ca hf y40a5 ff3 fs9 fc1 sc0 ls14a ws164\">pledged</div><div class=\"t m2 xa52 ha4 y41be ff3 fs1b fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"t m2 x5cb hf y43da ff3 fs9 fc1 sc0 ls1 ws0\">amount<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 hf y43db ff3 fs9 fc1 sc0 ls18 ws0\">As a<span class=\"_ _0\"></span>t 31 De<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>3<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x5ef hf y43db ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x432 hf y43dc ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x433 hf y43dc ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 hf y43dc ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y43dc ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y40c0 w1fd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls112 ws1e\">Der<span class=\"_ _0\"></span>ivative assets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa74 y40c0 w237 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">38,019<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa75 y40c0 w45 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(37,172)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa76 y40c0 w3b h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(790)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa77 y40c0 w5a h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(57)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa78 y40c0 wbf h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c1 w296 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Rev<span class=\"_ _1\"></span>erse r<span class=\"_ _1\"></span>epurchase<span class=\"_ _1\"></span> agr<span class=\"_ _1\"></span>eements<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa79 y40c1 wc5 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,599<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa7a y40c1 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa7b y40c1 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa7c y40c1 w34 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(1,599)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa7d y40c1 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c2 w236 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls15e ws179\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa7e y40c2 w237 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">39,618<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa7f y40c2 w45 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(37,172)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5d7 y40c2 w3b h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(790)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa80 y40c2 w34 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(1,656)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa81 y40c2 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w231 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls112 ws1e\">Der<span class=\"_ _0\"></span>ivative liabiliti<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa82 y4121 w45 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(40,499)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa83 y4121 wd3 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">37,172<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa84 y4121 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,385<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa85 y4121 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,942<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa86 y4121 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4158 w297 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls114 ws10d\">Repurch<span class=\"_ _0\"></span>ase agreem<span class=\"_ _0\"></span>ents<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa87 y4158 w34 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(2,456)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa88 y4158 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa89 y4158 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa8a y4158 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,456<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa8b y4158 wbf h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w236 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls15e ws179\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa8c y40ae w45 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(42,955)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa8d y40ae wd3 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">37,172<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa8e y40ae w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,385<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa8f y40ae w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">4,398<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa90 y40ae wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr></table>1. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>Re<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d fin<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>l in<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ts o<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>ng a<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s wi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h th<span class=\"_ _0\"></span>e sa<span class=\"_ _0\"></span>me c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y w<span class=\"_ _0\"></span>hi<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>, u<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r ag<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts s<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ch a<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>e I<span class=\"_ _0\"></span>SD<span class=\"_ _0\"></span>A Ma<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>er A<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>, c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ul<span class=\"_ _0\"></span>d be o<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>fs<span class=\"_ _0\"></span>et an<span class=\"_ _0\"></span>d<span class=\"_ gs4cd\"> </span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d ne<span class=\"_ _0\"></span>t fo<span class=\"_ _0\"></span>ll<span class=\"_ _0\"></span>ow<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g c<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ta<span class=\"_ _0\"></span>in p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>ed e<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>2. <span class=\"_ _15\"> </span>Ca<span class=\"_ _0\"></span>sh a<span class=\"_ _0\"></span>nd s<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s he<span class=\"_ _0\"></span>ld m<span class=\"_ _0\"></span>ay e<span class=\"_ _0\"></span>xce<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d ta<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>t l<span class=\"_ _0\"></span>eve<span class=\"_ _0\"></span>ls d<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>e to th<span class=\"_ _0\"></span>e c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pl<span class=\"_ _0\"></span>ex<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es of o<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>al c<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>l ma<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>, t<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g an<span class=\"_ _0\"></span>d a<span class=\"_ _0\"></span>gr<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s in p<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e wi<span class=\"_ _0\"></span>th i<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>du<span class=\"_ _0\"></span>al c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>In the tab<span class=\"_ _0\"></span>les ab<span class=\"_ _0\"></span>ove, the am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ts of assets or lia<span class=\"_ _0\"></span>bilit<span class=\"_ _0\"></span>ies pre<span class=\"_ _0\"></span>sente<span class=\"_ _0\"></span>d in the Co<span class=\"_ _0\"></span>nsol<span class=\"_ _0\"></span>idated B<span class=\"_ _0\"></span>alan<span class=\"_ _0\"></span>ce S<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>et are offs<span class=\"_ _0\"></span>et fi<span class=\"_ _0\"></span>rst by f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial in<span class=\"_ _0\"></span>str<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ents that<span class=\"_ _0\"></span> have the rig<span class=\"_ _0\"></span>ht of offset un<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r master ne<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ting or si<span class=\"_ _0\"></span>milar ar<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts with any re<span class=\"_ _0\"></span>maini<span class=\"_ _0\"></span>ng amo<span class=\"_ _0\"></span>unt re<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>ed by cas<span class=\"_ _0\"></span>h and sec<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>itie<span class=\"_ _0\"></span>s coll<span class=\"_ _0\"></span>ateral<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAllowanceForCreditLossesExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-711": {
   "value": "Im<span class=\"_ _1\"></span>pairm<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>t<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e table b<span class=\"_ _0\"></span>elow sh<span class=\"_ _0\"></span>ows the gros<span class=\"_ _0\"></span>s car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>yi<span class=\"_ _0\"></span>ng value of fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ents me<span class=\"_ _0\"></span>asure<span class=\"_ _0\"></span>d at F<span class=\"_ _0\"></span>VO<span class=\"_ _0\"></span>CI<span class=\"_ gsec\"> </span>an<span class=\"_ _0\"></span>d amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>ed co<span class=\"_ _0\"></span>st spli<span class=\"_ _0\"></span>t by credi<span class=\"_ _0\"></span>t ratin<span class=\"_ _0\"></span>g, se<span class=\"_ _0\"></span>para<span class=\"_ _0\"></span>tely ide<span class=\"_ _0\"></span>ntif<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>ose inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nts for whic<span class=\"_ _0\"></span>h a 1<span class=\"_ _1\"></span>2-m<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>th ECL (i.e<span class=\"_ _0\"></span>. S<span class=\"_ _0\"></span>tag<span class=\"_ _0\"></span>e 1<span class=\"_ _1\"></span>) or Lifetime EC<span class=\"_ _0\"></span>L (i.e. S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>age 2 and 3) is calcul<span class=\"_ _0\"></span>ated, as well as any los<span class=\"_ _0\"></span>s allowan<span class=\"_ _0\"></span>ces re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>. As at 31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2024<span class=\"_ _0\"></span>, the Gro<span class=\"_ _0\"></span>up did not have any purc<span class=\"_ _0\"></span>has<span class=\"_ _0\"></span>ed or or<span class=\"_ _0\"></span>igin<span class=\"_ _0\"></span>ated cre<span class=\"_ _0\"></span>dit-<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>pai<span class=\"_ _0\"></span>red f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span> (202<span class=\"_ _0\"></span>3:<span class=\"_ gsec\"> </span>n<span class=\"_ _0\"></span>o purch<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>d or ori<span class=\"_ _0\"></span>ginated c<span class=\"_ _0\"></span>redi<span class=\"_ _0\"></span>t-<span class=\"_ _0\"></span>imp<span class=\"_ _0\"></span>aire<span class=\"_ _0\"></span>d fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts).<span class=\"_ _3b2\"> </span><table class=\"s w286 h169\" id=\"_b4f69223-246c-45d7-85aa-f03efa4aff24\"><tr><td></td><td class=\"t m0 x9f4 h13 y43b8 ff5 fs9 fc1 sc0 ls3d ws86\">Assets under<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x9f5 h13 y43b8 ff5 fs9 fc1 sc0 ls3d ws86\">Assets under<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m0 x9f6 hf y43b8 ff3 fs9 fc1 sc0 ls1 ws16\">Assets under<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x9f7 hf y43b8 ff3 fs9 fc1 sc0 ls1 ws16\">Assets under<span class=\"ws0\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x9f8 h13 y43b9 ff5 fs9 fc1 sc0 ls18 ws0\">St<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ge 1<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x9f5 h13 y43b9 ff5 fs9 fc1 sc0 ls18 ws0\">St<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ge 2 a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d 3<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x430 h13 y43b9 ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x9f9 hf y43b9 ff3 fs9 fc1 sc0 ls189 ws4b\">Stage 1<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x9fa hf y43b9 ff3 fs9 fc1 sc0 ls18 ws0\">S<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ge 2 an<span class=\"_ _0\"></span>d 3<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c7 hf y43b9 ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 h13 y43ba ff6 fs9 fc1 sc0 ls167 ws182\">F<span class=\"_ _0\"></span>VOC<span class=\"_ _0\"></span>I<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x8d5 h13 y43ba ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x686 h13 y43ba ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x430 h13 y43ba ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x637 hf y43ba ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c6 hf y43ba ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c7 hf y43ba ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 h13 y43bb ff5 fs9 fc1 sc0 ls3b ws45\">Shareholder<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x282 h13 y43bb ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x5ef h13 y43bb ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x432 h13 y43bb ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x433 hf y43bb ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c8 hf y43bb ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 hf y43bb ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y40be w287 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls199 ws1c4\">AAA<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9fb y40be w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">88<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9fc y40be wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7f4 y40be w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">88<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9fd y40be w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">54<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9fe y40be wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9ff y40be w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">54<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4359 w288 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls199 ws1c4\">AA<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa00 y4359 w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,697<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa01 y4359 wa5 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa02 y4359 w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,697<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa03 y4359 w30 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,802<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa04 y4359 wbd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa05 y4359 w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,802<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c0 w289 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">A<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa06 y40c0 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">93<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa07 y40c0 wa4 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa08 y40c0 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">93<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1fa y40c0 w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">111<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x699 y40c0 wbf h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa09 y40c0 w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">111<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c1 w28a h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls4f wsa3\">BBB<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa0a y40c1 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">43<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa0b y40c1 wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa0c y40c1 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">43<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x23e y40c1 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">55<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5db y40c1 wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa0d y40c1 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">55<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y419a w28b h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">BB an<span class=\"_ _0\"></span>d b<span class=\"_ _0\"></span>elo<span class=\"_ _0\"></span>w<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa0e y419a wa4 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa0f y419a wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa10 y419a wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa11 y419a wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa12 y419a wbf h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa13 y419a wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w141 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 lsea ws122\">Othe<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa14 y4121 wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa15 y4121 wa4 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa16 y4121 wa6 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa17 y4121 wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa18 y4121 wbf h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa19 y4121 wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y43bc w28c h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws23\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> gross<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa1a y43bc w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,921<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa1b y43bc wa5 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa1c y43bc w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,921<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x734 y43bc w30 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa1d y43bc wbf h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x814 y43bc w30 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,022<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w28d h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws132\">ECL<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa1e y40ae wb4 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(7)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa1f y40ae wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa20 y40ae w67 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(7)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa21 y40ae w6a h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(5)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa22 y40ae wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x64c y40ae wc0 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(5)<span class=\"_ _3b2\"> </span></div></td></tr></table><table class=\"s w20d h16a\" id=\"_a02fc243-1dbc-4860-8260-6d8966e576d9\"><tr><td></td><td class=\"c n xa23 y43bd w28e h11d\"><div class=\"t m0 x1ca h13 y4151 ff5 fs9 fc1 sc0 ls3d ws86\">Assets under</div></td><td class=\"t m0 x9f5 h13 y43be ff5 fs9 fc1 sc0 ls3d ws86\">Assets under<span class=\"ls1 ws0\"> </span></td><td></td><td class=\"t m0 x9f6 hf y43be ff3 fs9 fc1 sc0 ls1 ws16\">Assets under<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x9f7 hf y43be ff3 fs9 fc1 sc0 ls1 ws16\">Assets under<span class=\"ws0\"> </span></td><td></td></tr><tr><td></td><td class=\"c n xa24 y43bf w28f h11d\"><div class=\"t m0 x1ca h13 y4151 ff5 fs9 fc1 sc0 ls18 ws0\">St<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ge 1</div></td><td class=\"t m0 x9f5 h13 y43c0 ff5 fs9 fc1 sc0 ls18 ws0\">St<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ge 2 a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d 3<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x430 h13 y43c0 ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x9f9 hf y43c0 ff3 fs9 fc1 sc0 ls189 ws4b\">Stage 1<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x9fa hf y43c0 ff3 fs9 fc1 sc0 ls18 ws0\">S<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ge 2 an<span class=\"_ _0\"></span>d 3<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c7 hf y43c0 ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c x1cb y43c1 w290 h11d\"><div class=\"t m0 x1ca h13 y4151 ff5 fs9 fc1 sc0 ls115 ws121\">Amor<span class=\"_ _0\"></span>tised cost<span class=\"_ _3b2\"> </span></div><div class=\"t m0 xa25 h13 y4151 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"t m0 x686 h13 y43c2 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x430 h13 y43c2 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x637 hf y43c2 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c6 hf y43c2 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c7 hf y43c2 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y43c3 w291 h11d\"><div class=\"t m0 x1ca h13 y4151 ff5 fs9 fc1 sc0 ls3b ws45\">Shareholder<span class=\"_ _3b2\"> </span></div></td><td class=\"t m0 x282 h13 y43c4 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x5ef h13 y43c4 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x432 h13 y43c4 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x433 hf y43c4 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c8 hf y43c4 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 hf y43c4 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y433b w287 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls199 ws1c4\">AAA<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa26 y433b w4a h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">242<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa27 y433b wa4 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa28 y433b w4a h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">242<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa29 y433b w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">253<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa2a y433b wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa2b y433b w4b h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">253<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4189 w288 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls199 ws1c4\">AA<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa2c y4189 w4a h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">542<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa2d y4189 wa4 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa2e y4189 w4a h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">542<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa2f y4189 w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">530<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa30 y4189 wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa31 y4189 w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">530<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40bf w289 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">A<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa32 y40bf w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">3,873<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa33 y40bf wa5 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa34 y40bf w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">3,873<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa35 y40bf w30 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,478<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa36 y40bf wbd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa37 y40bf w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,478<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41dd w28a h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls4f wsa3\">BBB<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa38 y41dd w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">4,312<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa39 y41dd wa4 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x93f y41dd w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">4,312<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x723 y41dd w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,647<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x937 y41dd w42 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">113<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa3a y41dd w30 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,760<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4180 w28b h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">BB an<span class=\"_ _0\"></span>d b<span class=\"_ _0\"></span>elo<span class=\"_ _0\"></span>w<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa0e y4180 wa4 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa3b y4180 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">29<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa3c y4180 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">29<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa3d y4180 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">18<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa3e y4180 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">25<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x25f y4180 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">43<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4181 w141 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 lsea ws122\">Othe<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa3f y4181 w246 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">83<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa40 y4181 wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa41 y4181 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">83<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa42 y4181 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">12<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa43 y4181 wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9ff y4181 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">12<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w28c h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws23\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> gross<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa1a y4121 w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">9,052<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa44 y4121 w246 h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">29<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa45 y4121 w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">9,081<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa03 y4121 w30 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">7,938<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa46 y4121 w42 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">138<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7a9 y4121 w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">8,076<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4184 w28d h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws132\">ECL<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa47 y4184 w14c h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(32)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa48 y4184 wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa49 y4184 w41 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(32)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa4a y4184 w71 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(25)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa4b y4184 w6a h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(6)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa4c y4184 w71 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(31)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w292 h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws23\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> net amount<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa1a y40ae w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">9,020<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa44 y40ae w246 h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">29<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa45 y40ae w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">9,049<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa03 y40ae w30 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">7,913<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa46 y40ae w42 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">132<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7a9 y40ae w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">8,045<span class=\"_ _3b2\"> </span></div></td></tr></table>Ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r <span class=\"_ _1\"></span>fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial assets at <span class=\"_ _1\"></span>amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tise<span class=\"_ _0\"></span>d cost are <span class=\"_ _1\"></span>pred<span class=\"_ _0\"></span>omi<span class=\"_ _0\"></span>nant<span class=\"_ _0\"></span>ly unrated other recei<span class=\"_ _0\"></span>vabl<span class=\"_ _0\"></span>es with an <span class=\"_ _1\"></span>immater<span class=\"_ _0\"></span>ial loss allowance (202<span class=\"_ _0\"></span>3:<span class=\"_ gsec\"> </span>im<span class=\"_ _0\"></span>materi<span class=\"_ _0\"></span>al<span class=\"_ gsec\"> </span>los<span class=\"_ _0\"></span>s<span class=\"_ gsec\"> </span>allowa<span class=\"_ _0\"></span>nce)<span class=\"_ _3b2\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfImpairmentOfAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-712": {
   "value": "Off<span class=\"_ _1\"></span>se<span class=\"_ _1\"></span>tting<span class=\"_ _3b2\"> </span>Fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial ass<span class=\"_ _0\"></span>ets an<span class=\"_ _0\"></span>d liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es are of<span class=\"_ _0\"></span>fse<span class=\"_ _0\"></span>t in th<span class=\"_ _0\"></span>e Co<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>lidated B<span class=\"_ _0\"></span>ala<span class=\"_ _0\"></span>nce S<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t whe<span class=\"_ _0\"></span>n the G<span class=\"_ _0\"></span>roup h<span class=\"_ _0\"></span>as a le<span class=\"_ _0\"></span>gall<span class=\"_ _0\"></span>y enforc<span class=\"_ _0\"></span>eab<span class=\"_ _0\"></span>le ri<span class=\"_ _0\"></span>ght to of<span class=\"_ _0\"></span>fset an<span class=\"_ _0\"></span>d has th<span class=\"_ _0\"></span>e intenti<span class=\"_ _0\"></span>on to set<span class=\"_ _0\"></span>tle the as<span class=\"_ _0\"></span>set and li<span class=\"_ _0\"></span>abili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y on a net basis<span class=\"_ _0\"></span>, or to realise the ass<span class=\"_ _0\"></span>et and lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y simul<span class=\"_ _0\"></span>tan<span class=\"_ _0\"></span>eo<span class=\"_ _0\"></span>usly.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p has n<span class=\"_ _0\"></span>ot entere<span class=\"_ _0\"></span>d into any f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al tran<span class=\"_ _0\"></span>sac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns resu<span class=\"_ _0\"></span>ltin<span class=\"_ _0\"></span>g in f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al asse<span class=\"_ _0\"></span>ts and li<span class=\"_ _0\"></span>abili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s bei<span class=\"_ _0\"></span>ng of<span class=\"_ _0\"></span>fse<span class=\"_ _0\"></span>t in the C<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>soli<span class=\"_ _0\"></span>dated B<span class=\"_ _0\"></span>alan<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span> Sh<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t. T<span class=\"_ _0\"></span>he tab<span class=\"_ _0\"></span>le be<span class=\"_ _0\"></span>low shows<span class=\"_ _0\"></span> the fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial as<span class=\"_ _0\"></span>sets an<span class=\"_ _0\"></span>d liabi<span class=\"_ _0\"></span>liti<span class=\"_ _0\"></span>es that are su<span class=\"_ _0\"></span>bje<span class=\"_ _0\"></span>ct to master ne<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g agre<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ents in sh<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>hol<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r asse<span class=\"_ _0\"></span>ts and liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>. Uni<span class=\"_ _0\"></span>t linked ass<span class=\"_ _0\"></span>ets and lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ties have not be<span class=\"_ _0\"></span>en in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d as shareh<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>s are not expo<span class=\"_ _0\"></span>sed to the ris<span class=\"_ _0\"></span>ks on thes<span class=\"_ _0\"></span>e poli<span class=\"_ _0\"></span>cie<span class=\"_ _0\"></span>s.<span class=\"_ _3b2\"> </span><table class=\"s w293 h16b\" id=\"_5d324622-c773-43e8-932f-256ddd69602b\"><tr><td></td><td></td><td></td><td></td><td class=\"t m2 xa4d h13 y43c5 ff5 fs9 fc1 sc0 ls3d ws86\">Amounts subject to<span class=\"_ _1\"></span> enforceable<span class=\"_ _1\"></span> netting arrangements<span class=\"_ _3b2\"> </span></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"t m2 x94a h13 y43c6 ff5 fs9 fc1 sc0 ls3d ws86\">Amounts under master<span class=\"_ _1\"></span> netting arrangements but<span class=\"_ _1\"></span> not offset<span class=\"_ _3b2\"> </span></td><td></td></tr><tr><td></td><td class=\"t m2 x321 h13 y43c7 ff5 fs9 fc1 sc0 ls18 ws0\">Gr<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>nd n<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t </td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m2 xa4e h13 y43c8 ff5 fs9 fc1 sc0 ls14a ws163\">amounts reported </td><td></td><td></td><td class=\"t m2 x615 h13 y43c9 ff5 fs9 fc1 sc0 ls1 ws0\">Securit<span class=\"_ _0\"></span>ies </td><td></td></tr><tr><td></td><td class=\"t m2 x7be h13 y43ca ff5 fs9 fc1 sc0 ls3c ws4c\">in the<span class=\"_ _1\"></span> Consol<span class=\"_ _1\"></span>idated </td><td class=\"t m2 xa4f h13 y43ca ff5 fs9 fc1 sc0 ls38 ws3b\">Related financial<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x431 h13 y43cb ff5 fs9 fc1 sc0 ls29 ws30\">Cash<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x8d1 h13 y43cb ff5 fs9 fc1 sc0 ls38 ws3a\">collateral<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 h13 y43cb ff5 fs9 fc1 sc0 ls3c ws11e\">Net<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x273 h13 y43cc ff5 fs9 fc1 sc0 ls38 ws3b\">Balance Sheet<span class=\"_ _3b2\"> </span></td><td class=\"c xa51 y43cd w294 h123\"><div class=\"t m2 x1ca h13 y4151 ff5 fs9 fc1 sc0 ls3d ws131\">instruments</div><div class=\"t m2 xa50 h99 y41b3 ff5 fs1b fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c x51e y43cd w17e h123\"><div class=\"t m2 x1ca h13 y4151 ff5 fs9 fc1 sc0 ls38 ws3a\">collateral</div><div class=\"t m2 x57e h99 y41b3 ff5 fs1b fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c xa53 y43cd w295 h123\"><div class=\"t m2 x1ca h13 y4151 ff5 fs9 fc1 sc0 ls3d ws131\">pledged</div><div class=\"t m2 xa52 h99 y41b3 ff5 fs1b fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"t m2 x5cb h13 y43ce ff5 fs9 fc1 sc0 ls3d ws131\">amount<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 h13 y43cf ff5 fs9 fc1 sc0 ls18 ws0\">As a<span class=\"_ _0\"></span>t 31 De<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>4<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x5ef h13 y43cf ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x432 h13 y43d0 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x433 h13 y43d0 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 h13 y43d0 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 h13 y43d0 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y4325 w1fd h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls112 ws1e\">Der<span class=\"_ _0\"></span>ivative assets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa54 y4325 w2f h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">49,195<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa55 y4325 w44 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(48,433)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa56 y4325 w41 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(85)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa57 y4325 w3a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(677)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa58 y4325 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y42f5 w296 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws23\">Rev<span class=\"_ _1\"></span>erse r<span class=\"_ _1\"></span>epurchase<span class=\"_ _1\"></span> agr<span class=\"_ _1\"></span>eements<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa59 y42f5 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">2,630<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa5a y42f5 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa5b y42f5 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x2d4 y42f5 w33 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(2,630)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa5c y42f5 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c2 w21b h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls1 ws0\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa5d y40c2 w215 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">51,825<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa5e y40c2 wd7 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">(48,433)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa5f y40c2 w41 h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">(85)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa60 y40c2 w33 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">(3,307)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa61 y40c2 wa5 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y419e w231 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls112 ws1e\">Der<span class=\"_ _0\"></span>ivative liabiliti<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa62 y419e w44 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(54,274)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa63 y419e w2f h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">48,433<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa64 y419e w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">630<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1e7 y419e w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">5,211<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa65 y419e wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41a9 w297 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls114 ws10d\">Repurch<span class=\"_ _0\"></span>ase agreem<span class=\"_ _0\"></span>ents<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa66 y41a9 w33 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(2,488)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa67 y41a9 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa68 y41a9 wa6 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3ff y41a9 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">2,488<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa69 y41a9 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w21b h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls1 ws0\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa6a y40ae w298 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">(56,762)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x80c y40ae w2f h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">48,433<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa6b y40ae w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">630<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa6c y40ae w36 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">7,699<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa6d y40ae wa5 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr></table><table class=\"s w299 h16c\" id=\"_83583681-1f3c-40c6-ac16-f25d9edad5bb\"><tr><td></td><td></td><td></td><td></td><td class=\"t m2 x26e hf y43d1 ff3 fs9 fc1 sc0 ls18 ws0\">Am<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s su<span class=\"_ _0\"></span>bje<span class=\"_ _0\"></span>ct to e<span class=\"_ _0\"></span>nfo<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>e ne<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g ar<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts<span class=\"_ _3b2\"> </span></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"t m2 xa6e hf y43d2 ff3 fs9 fc1 sc0 ls18 ws0\">Am<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s un<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r mas<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r net<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g ar<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts b<span class=\"_ _0\"></span>ut n<span class=\"_ _0\"></span>ot of<span class=\"_ _0\"></span>fs<span class=\"_ _0\"></span>et<span class=\"_ _3b2\"> </span></td><td></td></tr><tr><td></td><td class=\"t m2 x9f5 hf y43d3 ff3 fs9 fc1 sc0 ls1 ws16\">Gross and<span class=\"_ _1\"></span> net </td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m2 xa6f hf y43d4 ff3 fs9 fc1 sc0 ls1 ws16\">amounts reported in </td><td></td><td></td><td class=\"t m2 x8d1 hf y43d5 ff3 fs9 fc1 sc0 ls168 ws183\">Securi<span class=\"_ _0\"></span>ties </td><td></td></tr><tr><td></td><td class=\"t m2 xa70 hf y43d6 ff3 fs9 fc1 sc0 ls189 ws4b\">the Consolidated </td><td class=\"t m2 xa71 hf y43d6 ff3 fs9 fc1 sc0 ls187 ws41\">Related financial<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x637 hf y43d7 ff3 fs9 fc1 sc0 ls111 wsc0\">Cash<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x42b hf y43d7 ff3 fs9 fc1 sc0 lsee wsf5\">co<span class=\"_ _0\"></span>lla<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>al<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y43d7 ff3 fs9 fc1 sc0 ls1 ws0\">Net<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x321 hf y43d8 ff3 fs9 fc1 sc0 ls187 ws41\">Balance Sheet<span class=\"_ _3b2\"> </span></td><td class=\"c x27d y43d9 w29a h11e\"><div class=\"t m2 x1ca hf y40a5 ff3 fs9 fc1 sc0 ls1b ws1f\">instrume<span class=\"_ _0\"></span>nts</div><div class=\"t m2 xa72 ha4 y41be ff3 fs1b fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c x61d y43d9 w29b h11e\"><div class=\"t m2 x1ca hf y40a5 ff3 fs9 fc1 sc0 lsee wsf5\">co<span class=\"_ _0\"></span>lla<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>al</div><div class=\"t m2 xa73 ha4 y41be ff3 fs1b fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c xa53 y43d9 w29c h11e\"><div class=\"t m2 x1ca hf y40a5 ff3 fs9 fc1 sc0 ls14a ws164\">pledged</div><div class=\"t m2 xa52 ha4 y41be ff3 fs1b fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"t m2 x5cb hf y43da ff3 fs9 fc1 sc0 ls1 ws0\">amount<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 hf y43db ff3 fs9 fc1 sc0 ls18 ws0\">As a<span class=\"_ _0\"></span>t 31 De<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>3<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x5ef hf y43db ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x432 hf y43dc ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x433 hf y43dc ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 hf y43dc ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y43dc ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y40c0 w1fd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls112 ws1e\">Der<span class=\"_ _0\"></span>ivative assets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa74 y40c0 w237 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">38,019<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa75 y40c0 w45 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(37,172)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa76 y40c0 w3b h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(790)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa77 y40c0 w5a h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(57)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa78 y40c0 wbf h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c1 w296 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Rev<span class=\"_ _1\"></span>erse r<span class=\"_ _1\"></span>epurchase<span class=\"_ _1\"></span> agr<span class=\"_ _1\"></span>eements<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa79 y40c1 wc5 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,599<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa7a y40c1 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa7b y40c1 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa7c y40c1 w34 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(1,599)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa7d y40c1 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c2 w236 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls15e ws179\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa7e y40c2 w237 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">39,618<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa7f y40c2 w45 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(37,172)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5d7 y40c2 w3b h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(790)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa80 y40c2 w34 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(1,656)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa81 y40c2 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w231 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls112 ws1e\">Der<span class=\"_ _0\"></span>ivative liabiliti<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa82 y4121 w45 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(40,499)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa83 y4121 wd3 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">37,172<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa84 y4121 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,385<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa85 y4121 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,942<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa86 y4121 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4158 w297 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls114 ws10d\">Repurch<span class=\"_ _0\"></span>ase agreem<span class=\"_ _0\"></span>ents<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa87 y4158 w34 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(2,456)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa88 y4158 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa89 y4158 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa8a y4158 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,456<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa8b y4158 wbf h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w236 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls15e ws179\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa8c y40ae w45 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(42,955)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa8d y40ae wd3 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">37,172<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa8e y40ae w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,385<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa8f y40ae w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">4,398<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa90 y40ae wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr></table>1. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>Re<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d fin<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>l in<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ts o<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>ng a<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s wi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h th<span class=\"_ _0\"></span>e sa<span class=\"_ _0\"></span>me c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y w<span class=\"_ _0\"></span>hi<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>, u<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r ag<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts s<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ch a<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>e I<span class=\"_ _0\"></span>SD<span class=\"_ _0\"></span>A Ma<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>er A<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>, c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ul<span class=\"_ _0\"></span>d be o<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>fs<span class=\"_ _0\"></span>et an<span class=\"_ _0\"></span>d<span class=\"_ gs4cd\"> </span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d ne<span class=\"_ _0\"></span>t fo<span class=\"_ _0\"></span>ll<span class=\"_ _0\"></span>ow<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g c<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ta<span class=\"_ _0\"></span>in p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>ed e<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>2. <span class=\"_ _15\"> </span>Ca<span class=\"_ _0\"></span>sh a<span class=\"_ _0\"></span>nd s<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s he<span class=\"_ _0\"></span>ld m<span class=\"_ _0\"></span>ay e<span class=\"_ _0\"></span>xce<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d ta<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>t l<span class=\"_ _0\"></span>eve<span class=\"_ _0\"></span>ls d<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>e to th<span class=\"_ _0\"></span>e c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pl<span class=\"_ _0\"></span>ex<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es of o<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>al c<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>l ma<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>, t<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g an<span class=\"_ _0\"></span>d a<span class=\"_ _0\"></span>gr<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s in p<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e wi<span class=\"_ _0\"></span>th i<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>du<span class=\"_ _0\"></span>al c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>In the tab<span class=\"_ _0\"></span>les ab<span class=\"_ _0\"></span>ove, the am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ts of assets or lia<span class=\"_ _0\"></span>bilit<span class=\"_ _0\"></span>ies pre<span class=\"_ _0\"></span>sente<span class=\"_ _0\"></span>d in the Co<span class=\"_ _0\"></span>nsol<span class=\"_ _0\"></span>idated B<span class=\"_ _0\"></span>alan<span class=\"_ _0\"></span>ce S<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>et are offs<span class=\"_ _0\"></span>et fi<span class=\"_ _0\"></span>rst by f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial in<span class=\"_ _0\"></span>str<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ents that<span class=\"_ _0\"></span> have the rig<span class=\"_ _0\"></span>ht of offset un<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r master ne<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ting or si<span class=\"_ _0\"></span>milar ar<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts with any re<span class=\"_ _0\"></span>maini<span class=\"_ _0\"></span>ng amo<span class=\"_ _0\"></span>unt re<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>ed by cas<span class=\"_ _0\"></span>h and sec<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>itie<span class=\"_ _0\"></span>s coll<span class=\"_ _0\"></span>ateral<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOffsettingOfFinancialAssetsAndFinancialLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-655": {
   "value": "18<span class=\"ls8d ws0\">. <span class=\"_ _14\"> </span>I<span class=\"_ _0\"></span>nsura<span class=\"_ _0\"></span>nce risk<span class=\"_ _3b2\"> </span></span>Th<span class=\"_ _0\"></span>e Group is exp<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>d to insura<span class=\"_ _0\"></span>nce r<span class=\"_ _0\"></span>isk as a cons<span class=\"_ _0\"></span>equ<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ce of offer<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e prin<span class=\"_ _0\"></span>cip<span class=\"_ _0\"></span>al prod<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>ts outl<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d in Note 7<span class=\"_ _4\"></span>. Insur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e risk is the exp<span class=\"_ _0\"></span>osu<span class=\"_ _0\"></span>re to<span class=\"_ gsec\"> </span>loss ari<span class=\"_ _0\"></span>sing fro<span class=\"_ _0\"></span>m insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce ris<span class=\"_ _0\"></span>k expe<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e bei<span class=\"_ _0\"></span>ng dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nt to that anticip<span class=\"_ _0\"></span>ated. D<span class=\"_ _0\"></span>etail<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>elow are the in<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e risks ass<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>iated with ea<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span> of<span class=\"_ gsec\"> </span>the Gro<span class=\"_ _0\"></span>up\u2019s segm<span class=\"_ _0\"></span>ents al<span class=\"_ _0\"></span>ong wi<span class=\"_ _0\"></span>th the mit<span class=\"_ _0\"></span>igati<span class=\"_ _0\"></span>ng co<span class=\"_ _0\"></span>ntrol<span class=\"_ _0\"></span>s ope<span class=\"_ _0\"></span>rated<span class=\"_ _0\"></span>. The<span class=\"_ _0\"></span>y are appli<span class=\"_ _0\"></span>cab<span class=\"_ _0\"></span>le to all stated prod<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>ts acros<span class=\"_ _0\"></span>s the Gro<span class=\"_ _0\"></span>up.<span class=\"_ _3b2\"> </span><table class=\"s w29d h16d\" id=\"_36f38d35-a6de-442d-adef-2ea15e76f97d\"><tr><td class=\"c n x1cb y43dd w1bb h12b\"><div class=\"t m2 x1ca h13 y40ef ff5 fs9 fc1 sc0 ls115 ws121\">Principal risks<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5ec y43dd w1bc h12b\"><div class=\"t m2 x1ca h13 y40ef ff5 fs9 fc1 sc0 ls14a ws164\">Segment<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5ed y43dd w1bd h12b\"><div class=\"t m2 x1ca h13 y40ef ff5 fs9 fc1 sc0 ls115 ws121\">Controls to<span class=\"_ _1\"></span> mitigate risks<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 hb y43de ff6 fs6 fc1 sc0 ls1 ws0\">Longevity,<span class=\"_ _1\"></span> mortality and<span class=\"_ _1\"></span> morbidity ri<span class=\"_ _1\"></span>sks<span class=\"_ _3b2\"> </span></td><td></td><td></td></tr><tr><td class=\"t m2 x206 hc y43df ff4 fs6 fc1 sc0 ls56 ws55\">For co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>ts prov<span class=\"_ _0\"></span>idi<span class=\"_ _0\"></span>ng de<span class=\"_ _0\"></span>ath be<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>, high<span class=\"_ _0\"></span>er mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> </td><td class=\"c n x5f0 y43e0 w112 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls112 ws6\">Retail<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa91 y43e0 w29e h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">T<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>cin<span class=\"_ _0\"></span>g of pro<span class=\"_ _0\"></span>tec<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n bu<span class=\"_ _0\"></span>sin<span class=\"_ _0\"></span>ess i<span class=\"_ _0\"></span>s bas<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>n ass<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>pti<span class=\"_ _0\"></span>ons a<span class=\"_ _0\"></span>s to<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 hc y43e1 ff4 fs6 fc1 sc0 ls56 ws55\">rates wou<span class=\"_ _0\"></span>ld lea<span class=\"_ _0\"></span>d to <span class=\"_ _1\"></span>an inc<span class=\"_ _0\"></span>rea<span class=\"_ _0\"></span>se in clai<span class=\"_ _0\"></span>ms co<span class=\"_ _0\"></span>sts<span class=\"_ _0\"></span>. The c<span class=\"_ _0\"></span>ost<span class=\"_ _0\"></span> </td><td></td><td class=\"t m2 x5ef hc y43e2 ff4 fs6 fc1 sc0 ls56 ws55\">fu<span class=\"_ _0\"></span>ture<span class=\"_ gs5e1\"> </span>t<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>ds<span class=\"_ gs5e1\"> </span>i<span class=\"_ _0\"></span>n mor<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ali<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y and mo<span class=\"_ _0\"></span>rbi<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y havin<span class=\"_ _0\"></span>g rega<span class=\"_ _0\"></span>rd to past expe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ien<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>. </td></tr><tr><td class=\"t m2 x206 hc y43e3 ff4 fs6 fc1 sc0 ls56 ws55\">of<span class=\"_ gs5e1\"> </span>hea<span class=\"_ _0\"></span>lt<span class=\"_ _0\"></span>h relate<span class=\"_ _0\"></span>d claim<span class=\"_ _0\"></span>s dep<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ds on bot<span class=\"_ _0\"></span>h the inc<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> </td><td></td><td class=\"t m2 x5ef h1a y43e4 ff3 fs6 fc1 sc0 ls56 ws0\">Un<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>wr<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>ng c<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>ia are d<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>ed s<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng o<span class=\"_ _0\"></span>ut th<span class=\"_ _0\"></span>e ri<span class=\"_ _0\"></span>sks t<span class=\"_ _0\"></span>hat a<span class=\"_ _0\"></span>re una<span class=\"_ _0\"></span>cc<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ptab<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> </td></tr><tr><td class=\"t m2 x206 hc y43e5 ff4 fs6 fc1 sc0 ls56 ws55\">of<span class=\"_ gs5e1\"> </span>po<span class=\"_ _0\"></span>lic<span class=\"_ _0\"></span>yh<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>rs be<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ng ill and the du<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>ion ove<span class=\"_ _0\"></span>r whic<span class=\"_ _0\"></span>h </td><td></td><td class=\"t m2 x5ef hc y43e6 ff4 fs6 fc1 sc0 ls56 ws55\">and<span class=\"_ gs5e1\"> </span>t<span class=\"_ _0\"></span>he ter<span class=\"_ _0\"></span>ms for non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>nda<span class=\"_ _0\"></span>rd ris<span class=\"_ _0\"></span>ks pres<span class=\"_ _0\"></span>ente<span class=\"_ _0\"></span>d by the lives to be insu<span class=\"_ _0\"></span>red<span class=\"_ _0\"></span>. </td></tr><tr><td class=\"t m2 x206 hc y43e7 ff4 fs6 fc1 sc0 ls56 ws55\">the<span class=\"_ _0\"></span>y rema<span class=\"_ _0\"></span>in ill. Hi<span class=\"_ _0\"></span>ghe<span class=\"_ _0\"></span>r than ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d inci<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e or dur<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n </td><td></td><td class=\"t m2 x5ef hc y43e8 ff4 fs6 fc1 sc0 ls56 ws55\">E<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>ten<span class=\"_ _0\"></span>sive us<span class=\"_ _0\"></span>e of <span class=\"_ _1\"></span>rei<span class=\"_ _0\"></span>nsu<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e is made wit<span class=\"_ _0\"></span>hin the U<span class=\"_ _0\"></span>K retail pr<span class=\"_ _0\"></span>otec<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n busi<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>, </td></tr><tr><td class=\"t m2 x206 h1a y43e9 ff3 fs6 fc1 sc0 ls56 ws0\">woul<span class=\"_ _0\"></span>d in<span class=\"_ _0\"></span>cre<span class=\"_ _0\"></span>ase c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ts ove<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e leve<span class=\"_ _0\"></span>l cu<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ly as<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>d in<span class=\"_ _0\"></span> </td><td></td><td class=\"t m2 x5ef hc y43ea ff4 fs6 fc1 sc0 ls56 ws55\">pla<span class=\"_ _0\"></span>cin<span class=\"_ _0\"></span>g a prop<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n of <span class=\"_ _1\"></span>all ris<span class=\"_ _0\"></span>ks me<span class=\"_ _0\"></span>eti<span class=\"_ _0\"></span>ng pre<span class=\"_ _0\"></span>sc<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d cri<span class=\"_ _0\"></span>teri<span class=\"_ _0\"></span>a. Mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ali<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y and </td></tr><tr><td class=\"t m2 x206 hc y43eb ff4 fs6 fc1 sc0 ls56 ws55\">the ca<span class=\"_ _0\"></span>lc<span class=\"_ _0\"></span>ulat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n of <span class=\"_ _1\"></span>lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m2 x5ef h1a y43ec ff3 fs6 fc1 sc0 ls56 ws0\">mo<span class=\"_ _0\"></span>rb<span class=\"_ _0\"></span>idi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y exp<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e is c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>par<span class=\"_ _0\"></span>ed to th<span class=\"_ _0\"></span>at as<span class=\"_ _0\"></span>sum<span class=\"_ _0\"></span>ed w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>hin t<span class=\"_ _0\"></span>he pr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g and<span class=\"_ _0\"></span> </td></tr><tr><td></td><td></td><td class=\"t m2 x5ef hc y43ed ff4 fs6 fc1 sc0 ls56 ws55\">rese<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g basis wit<span class=\"_ _0\"></span>h vari<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>es su<span class=\"_ _0\"></span>bje<span class=\"_ _0\"></span>ct to actu<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ial inves<span class=\"_ _0\"></span>tig<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 hc y43ee ff4 fs6 fc1 sc0 ls56 ws55\">For an<span class=\"_ _0\"></span>nui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s, th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p is expos<span class=\"_ _0\"></span>ed to the risk th<span class=\"_ _0\"></span>at </td><td class=\"t m2 x5ee h1a y43ef ff3 fs6 fc1 sc0 ls112 ws1e\">Institu<span class=\"_ _0\"></span>tional Reti<span class=\"_ _0\"></span>remen<span class=\"_ _0\"></span>t </td><td class=\"t m2 x5ef h1a y43ef ff3 fs6 fc1 sc0 ls56 ws0\">An<span class=\"_ _0\"></span>nui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y bu<span class=\"_ _0\"></span>sin<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>s is pr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ed h<span class=\"_ _0\"></span>avi<span class=\"_ _0\"></span>ng re<span class=\"_ _0\"></span>ga<span class=\"_ _0\"></span>rd to cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nt l<span class=\"_ _0\"></span>evel<span class=\"_ _0\"></span>s and t<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>ds i<span class=\"_ _0\"></span>n </td></tr><tr><td class=\"t m2 x206 hc y43f0 ff4 fs6 fc1 sc0 ls56 ws55\">mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y exp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e is lower tha<span class=\"_ _0\"></span>n assu<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>d. Lowe<span class=\"_ _0\"></span>r than<span class=\"_ _0\"></span> </td><td class=\"t m2 x5ee h1a y43f1 ff3 fs6 fc1 sc0 ls56 ws0\">and R<span class=\"_ _0\"></span>eta<span class=\"_ _0\"></span>il<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x5ef hc y43f1 ff4 fs6 fc1 sc0 ls56 ws55\">imp<span class=\"_ _0\"></span>rove<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts in fu<span class=\"_ _0\"></span>tur<span class=\"_ _0\"></span>e mor<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ali<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y. <span class=\"_ _1\"></span>En<span class=\"_ _0\"></span>han<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>d ann<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s, whi<span class=\"_ _0\"></span>ch are pr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ed tak<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g </td></tr><tr><td class=\"t m2 x206 h1a y43f2 ff3 fs6 fc1 sc0 ls56 ws0\">exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted m<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>tali<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y wou<span class=\"_ _0\"></span>ld re<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>ire pa<span class=\"_ _0\"></span>ym<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s to be m<span class=\"_ _0\"></span>ade<span class=\"_ _0\"></span> </td><td></td><td class=\"t m2 x5ef hc y43f3 ff4 fs6 fc1 sc0 ls56 ws55\">acc<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>unt of impa<span class=\"_ _0\"></span>ir<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts to life expe<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>cy, are subje<span class=\"_ _0\"></span>ct to spe<span class=\"_ _0\"></span>cif<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>c unde<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>wr<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g </td></tr><tr><td class=\"t m2 x206 hc y43f4 ff4 fs6 fc1 sc0 ls56 ws55\">for<span class=\"_ gs5e1\"> </span>lo<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>er an<span class=\"_ _0\"></span>d inc<span class=\"_ _0\"></span>reas<span class=\"_ _0\"></span>e the cos<span class=\"_ _0\"></span>t of bene<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ts prov<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>. </td><td></td><td class=\"t m2 x5ef hc y43f5 ff4 fs6 fc1 sc0 ls56 ws55\">cr<span class=\"_ _0\"></span>iter<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>. Ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>in annu<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ant mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ali<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y risks<span class=\"_ _0\"></span>, inc<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>g enh<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d annui<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, are </td></tr><tr><td class=\"t m2 x206 h1a y43f6 ff3 fs6 fc1 sc0 ls56 ws0\">Life<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>e mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tg<span class=\"_ _0\"></span>age b<span class=\"_ _0\"></span>usi<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>ss al<span class=\"_ _0\"></span>so ex<span class=\"_ _0\"></span>pli<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>tly h<span class=\"_ _0\"></span>as so<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span> </td><td></td><td class=\"t m2 x5ef hc y43f7 ff4 fs6 fc1 sc0 ls56 ws55\">pla<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>d with rei<span class=\"_ _0\"></span>nsu<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>. The Gro<span class=\"_ _0\"></span>up re<span class=\"_ _0\"></span>gul<span class=\"_ _0\"></span>arl<span class=\"_ _0\"></span>y revi<span class=\"_ _0\"></span>ews its mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ali<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y expe<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span> </td></tr><tr><td class=\"t m2 x206 hc y43f8 ff4 fs6 fc1 sc0 ls56 ws55\">exp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ure to the life expe<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>cy of bor<span class=\"_ _0\"></span>rowe<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>. </td><td></td><td class=\"t m2 x5ef hc y43f9 ff4 fs6 fc1 sc0 ls56 ws55\">and<span class=\"_ gs5e1\"> </span>i<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>ust<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y pro<span class=\"_ _0\"></span>jec<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ons of lon<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y and adjus<span class=\"_ _0\"></span>ts the pr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ing an<span class=\"_ _0\"></span>d valua<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n </td></tr><tr><td></td><td></td><td class=\"t m2 x5ef hc y43fa ff4 fs6 fc1 sc0 ls56 ws55\">ass<span class=\"_ _0\"></span>ump<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>rdi<span class=\"_ _0\"></span>ngl<span class=\"_ _0\"></span>y. <span class=\"_ _1\"></span>Th<span class=\"_ _0\"></span>e sel<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve use of reinsu<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e acts to redu<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span> </td></tr><tr><td></td><td></td><td class=\"t m2 x5ef hc y43fb ff4 fs6 fc1 sc0 ls56 ws55\">the<span class=\"_ gs5e1\"> </span>i<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>act of sign<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t futu<span class=\"_ _0\"></span>re vari<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ons in life exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>y. <span class=\"_ _1\"></span>In pri<span class=\"_ _0\"></span>cin<span class=\"_ _0\"></span>g lifeti<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span> </td></tr><tr><td></td><td></td><td class=\"t m2 x5ef hc y43fc ff4 fs6 fc1 sc0 ls56 ws55\">mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tga<span class=\"_ _0\"></span>ge bus<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>, acc<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nt is taken of leve<span class=\"_ _0\"></span>ls and tre<span class=\"_ _0\"></span>nds in mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y rate<span class=\"_ _0\"></span>s </td></tr><tr><td></td><td></td><td class=\"t m2 x5ef hc y43fd ff4 fs6 fc1 sc0 ls56 ws55\">in<span class=\"_ gs5e1\"> </span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g the amo<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>ts that are adv<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d to <span class=\"_ _1\"></span>bo<span class=\"_ _0\"></span>rro<span class=\"_ _0\"></span>wer<span class=\"_ _0\"></span>s relati<span class=\"_ _0\"></span>ve to the value<span class=\"_ _0\"></span> </td></tr><tr><td></td><td></td><td class=\"t m2 x5ef hc y43fe ff4 fs6 fc1 sc0 ls56 ws55\">of<span class=\"_ gs5e1\"> </span>the pro<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y on whi<span class=\"_ _0\"></span>ch th<span class=\"_ _0\"></span>e loan is se<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 hb y43ff ff5 fs6 fc1 sc0 ls11e ws5c\">Persistency risk<span class=\"_ _3b2\"> </span></td><td></td><td></td></tr><tr><td class=\"t m2 x206 hc y4400 ff4 fs6 fc1 sc0 ls56 ws55\">In the ear<span class=\"_ _0\"></span>ly yea<span class=\"_ _0\"></span>rs of a polic<span class=\"_ _0\"></span>y, <span class=\"_ _1\"></span>lap<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s may resul<span class=\"_ _0\"></span>t in a <span class=\"_ _1\"></span>los<span class=\"_ _0\"></span>s </td><td class=\"c n x5f0 y4401 w112 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls112 ws6\">Retail<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa91 y4401 w29f h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">T<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>cin<span class=\"_ _0\"></span>g an<span class=\"_ _0\"></span>d valu<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on as<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>mpt<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s for p<span class=\"_ _0\"></span>rotec<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on b<span class=\"_ _0\"></span>usi<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>s in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>de<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 hc y4402 ff4 fs6 fc1 sc0 ls56 ws55\">to<span class=\"_ gs5e1\"> </span>the Gro<span class=\"_ _0\"></span>up, as the ac<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>sit<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n cost<span class=\"_ _0\"></span>s asso<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>ated wit<span class=\"_ _0\"></span>h </td><td></td><td class=\"t m2 x5ef hc y4403 ff4 fs6 fc1 sc0 ls56 ws55\">allo<span class=\"_ _0\"></span>wan<span class=\"_ _0\"></span>ce for pol<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>y lapse<span class=\"_ _0\"></span>s. L<span class=\"_ _0\"></span>aps<span class=\"_ _0\"></span>e risk is som<span class=\"_ _0\"></span>ewh<span class=\"_ _0\"></span>at mit<span class=\"_ _0\"></span>igate<span class=\"_ _0\"></span>d by reins<span class=\"_ _0\"></span>ura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e.<span class=\"_ _0\"></span> </td></tr><tr><td class=\"t m2 x206 hc y4404 ff4 fs6 fc1 sc0 ls56 ws55\">the<span class=\"_ gs5e1\"> </span>c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>ct wou<span class=\"_ _0\"></span>ld not have be<span class=\"_ _0\"></span>en re<span class=\"_ _0\"></span>cove<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d from<span class=\"_ _0\"></span> </td><td></td><td class=\"t m2 x5ef h1a y4405 ff3 fs6 fc1 sc0 ls56 ws0\">Act<span class=\"_ _0\"></span>ual t<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>ds i<span class=\"_ _0\"></span>n po<span class=\"_ _0\"></span>lic<span class=\"_ _0\"></span>y lap<span class=\"_ _0\"></span>se ra<span class=\"_ _0\"></span>tes are m<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ito<span class=\"_ _0\"></span>red a<span class=\"_ _0\"></span>gai<span class=\"_ _0\"></span>nst t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>se as<span class=\"_ _0\"></span>sum<span class=\"_ _0\"></span>pti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>s </td></tr><tr><td class=\"t m2 x206 hc y4406 ff4 fs6 fc1 sc0 ls56 ws55\">pro<span class=\"_ _0\"></span>du<span class=\"_ _0\"></span>ct<span class=\"_ gs5e1\"> </span>m<span class=\"_ _0\"></span>argi<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m2 x5ef hc y4407 ff4 fs6 fc1 sc0 ls56 ws55\">wit<span class=\"_ _0\"></span>h varia<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>es be<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g subje<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t to <span class=\"_ _1\"></span>act<span class=\"_ _0\"></span>uar<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>l invest<span class=\"_ _0\"></span>iga<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n.<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 hb y4408 ff5 fs6 fc1 sc0 ls11e ws5c\">Expe<span class=\"_ _0\"></span>nse risk<span class=\"_ _3b2\"> </span></td><td></td><td></td></tr><tr><td class=\"t m2 x206 hc y4409 ff4 fs6 fc1 sc0 ls56 ws55\">In pri<span class=\"_ _0\"></span>cin<span class=\"_ _0\"></span>g lon<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>m insur<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce bu<span class=\"_ _0\"></span>sin<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>, ass<span class=\"_ _0\"></span>ump<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span> </td><td class=\"t m2 x5ee h1a y440a ff3 fs6 fc1 sc0 ls112 ws1e\">Institu<span class=\"_ _0\"></span>tional Reti<span class=\"_ _0\"></span>remen<span class=\"_ _0\"></span>t </td><td class=\"t m2 x5ef hc y440a ff4 fs6 fc1 sc0 ls56 ws55\">In dete<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>ini<span class=\"_ _0\"></span>ng pri<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>ng assu<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>, acc<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nt is taken of expe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted pri<span class=\"_ _0\"></span>ce an<span class=\"_ _0\"></span>d </td></tr><tr><td class=\"t m2 x206 hc y440b ff4 fs6 fc1 sc0 ls56 ws55\">are<span class=\"_ gs5e1\"> </span>ma<span class=\"_ _0\"></span>de as to the futu<span class=\"_ _0\"></span>re cos<span class=\"_ _0\"></span>t of produ<span class=\"_ _0\"></span>ct se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>. </td><td class=\"t m2 x5ee h1a y440c ff3 fs6 fc1 sc0 ls56 ws0\">and R<span class=\"_ _0\"></span>eta<span class=\"_ _0\"></span>il<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x5ef hc y440c ff4 fs6 fc1 sc0 ls56 ws55\">wage inf<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n, wi<span class=\"_ _0\"></span>th stre<span class=\"_ _0\"></span>ss test<span class=\"_ _0\"></span>ing us<span class=\"_ _0\"></span>ed to evalua<span class=\"_ _0\"></span>te the effe<span class=\"_ _0\"></span>ct of sign<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant<span class=\"_ _0\"></span> </td></tr><tr><td class=\"t m2 x206 hc y440d ff4 fs6 fc1 sc0 ls56 ws55\">A<span class=\"_ gs5e1\"> </span>sig<span class=\"_ _0\"></span>nif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t adve<span class=\"_ _0\"></span>rse di<span class=\"_ _0\"></span>verg<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e in actua<span class=\"_ _0\"></span>l expe<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>es </td><td></td><td class=\"t m2 x5ef hc y440e ff4 fs6 fc1 sc0 ls56 ws55\">dev<span class=\"_ _0\"></span>iati<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>s. Ac<span class=\"_ _0\"></span>tua<span class=\"_ _0\"></span>l prod<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>t ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ing co<span class=\"_ _0\"></span>sts are mo<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>tore<span class=\"_ _0\"></span>d rela<span class=\"_ _0\"></span>tive to the cos<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span> </td></tr><tr><td class=\"t m2 x206 hc y440f ff4 fs6 fc1 sc0 ls56 ws55\">exp<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e cou<span class=\"_ _0\"></span>ld red<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>e prod<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>t prof<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>abi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y.<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m2 x5ef hc y4410 ff4 fs6 fc1 sc0 ls56 ws55\">ass<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ed wit<span class=\"_ _0\"></span>hin th<span class=\"_ _0\"></span>e prod<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>t pric<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g basis<span class=\"_ _0\"></span>, with va<span class=\"_ _0\"></span>ria<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>es inve<span class=\"_ _0\"></span>sti<span class=\"_ _0\"></span>gate<span class=\"_ _0\"></span>d.<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 hb y4411 ff5 fs6 fc1 sc0 ls50 ws3f\">Concentration<span class=\"_ _1\"></span> (<span class=\"_ _1\"></span>catastrophe<span class=\"_ _1\"></span>) r<span class=\"_ _1\"></span>isk<span class=\"_ _3b2\"> </span></td><td></td><td></td></tr><tr><td class=\"t m2 x206 hc y4412 ff4 fs6 fc1 sc0 ls56 ws55\">Ins<span class=\"_ _0\"></span>ura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e risk may be co<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>ted in ge<span class=\"_ _0\"></span>ogr<span class=\"_ _0\"></span>ap<span class=\"_ _0\"></span>hic re<span class=\"_ _0\"></span>gio<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>, </td><td class=\"c n x5f0 y4413 w112 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls112 ws6\">Retail<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa91 y4413 w2a0 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls57 ws0\">G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p prote<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n bus<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>ss c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s inc<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>de an \u2018e<span class=\"_ _0\"></span>ven<span class=\"_ _0\"></span>t lim<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>\u2019 c<span class=\"_ _0\"></span>ap<span class=\"_ _0\"></span>pin<span class=\"_ _0\"></span>g the tot<span class=\"_ _0\"></span>al<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 hc y4414 ff4 fs6 fc1 sc0 ls56 ws55\">alte<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ng the ris<span class=\"_ _0\"></span>k prof<span class=\"_ _0\"></span>ile of the Gro<span class=\"_ _0\"></span>up. T<span class=\"_ _0\"></span>he mos<span class=\"_ _0\"></span>t sign<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>t </td><td></td><td class=\"t m2 x5ef hc y4415 ff4 fs6 fc1 sc0 ls57 ws2c\">liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y unde<span class=\"_ _0\"></span>r the poli<span class=\"_ _0\"></span>cy from a singl<span class=\"_ _0\"></span>e event<span class=\"_ _0\"></span>. Exc<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>s of <span class=\"_ _1\"></span>loss rei<span class=\"_ _0\"></span>nsu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce fur<span class=\"_ _3\"></span>the<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span> </td></tr><tr><td class=\"t m2 x206 hc y4416 ff4 fs6 fc1 sc0 ls56 ws55\">exp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ure of this ty<span class=\"_ _0\"></span>pe ar<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>s for grou<span class=\"_ _0\"></span>p protec<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n bus<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>, </td><td></td><td class=\"t m2 x5ef hc y4417 ff4 fs6 fc1 sc0 ls57 ws2c\">mit<span class=\"_ _0\"></span>iga<span class=\"_ _0\"></span>tes loss fro<span class=\"_ _0\"></span>m the expos<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>. Addi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal<span class=\"_ _0\"></span>ly, expos<span class=\"_ _0\"></span>ure by loca<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n is <span class=\"_ _1\"></span>mo<span class=\"_ _0\"></span>nito<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d </td></tr><tr><td class=\"t m2 x206 h1a y4418 ff3 fs6 fc1 sc0 ls56 ws0\">whe<span class=\"_ _0\"></span>re a si<span class=\"_ _0\"></span>ngl<span class=\"_ _0\"></span>e eve<span class=\"_ _0\"></span>nt c<span class=\"_ _0\"></span>oul<span class=\"_ _0\"></span>d res<span class=\"_ _0\"></span>ul<span class=\"_ _0\"></span>t in a la<span class=\"_ _0\"></span>rge n<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r of </td><td></td><td class=\"t m2 x5ef hc y4419 ff4 fs6 fc1 sc0 ls57 ws2c\">to <span class=\"_ _1\"></span>en<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>e there is a <span class=\"_ _1\"></span>geo<span class=\"_ _0\"></span>gr<span class=\"_ _0\"></span>ap<span class=\"_ _0\"></span>hic spr<span class=\"_ _0\"></span>ead of risk<span class=\"_ _0\"></span>. Catas<span class=\"_ _0\"></span>tro<span class=\"_ _0\"></span>ph<span class=\"_ _0\"></span>e reins<span class=\"_ _0\"></span>ura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e cover also<span class=\"_ _0\"></span> </td></tr><tr><td class=\"t m2 x206 hc y441a ff4 fs6 fc1 sc0 ls55 ws132\">related <span class=\"_ _1\"></span>claims.<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m2 x5ef hc y441b ff4 fs6 fc1 sc0 ls57 ws2c\">mit<span class=\"_ _0\"></span>iga<span class=\"_ _0\"></span>tes loss fro<span class=\"_ _0\"></span>m conc<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns of <span class=\"_ _1\"></span>ris<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 hb y441c ff5 fs6 fc1 sc0 ls11b ws2a\">Epidemic (<span class=\"_ _1\"></span>catast<span class=\"_ _0\"></span>rophe) r<span class=\"_ _1\"></span>isk<span class=\"_ _3b2\"> </span></td><td></td><td></td></tr><tr><td class=\"t m2 x206 h1a y441d ff3 fs6 fc1 sc0 ls56 ws0\">Th<span class=\"_ _0\"></span>e sp<span class=\"_ _0\"></span>read o<span class=\"_ _0\"></span>f an ep<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>emi<span class=\"_ _0\"></span>c co<span class=\"_ _0\"></span>ul<span class=\"_ _0\"></span>d cau<span class=\"_ _0\"></span>se l<span class=\"_ _0\"></span>arg<span class=\"_ _0\"></span>e </td><td class=\"c n x5f0 y441e w112 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls112 ws6\">Retail<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa91 y441e w2a1 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">T<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>cin<span class=\"_ _0\"></span>g bas<span class=\"_ _0\"></span>is for p<span class=\"_ _0\"></span>rote<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on b<span class=\"_ _0\"></span>usi<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>ss in<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>es an a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt of po<span class=\"_ _0\"></span>tenti<span class=\"_ _0\"></span>al<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 hc y441f ff4 fs6 fc1 sc0 ls56 ws55\">agg<span class=\"_ _0\"></span>reg<span class=\"_ _0\"></span>ate<span class=\"_ gs5e1\"> </span>cl<span class=\"_ _0\"></span>aim<span class=\"_ _0\"></span>s acro<span class=\"_ _0\"></span>ss the Gro<span class=\"_ _0\"></span>up<span class=\"_ _0\"></span>\u2019s por<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>fol<span class=\"_ _0\"></span>io </td><td></td><td class=\"t m2 x5ef hc y4420 ff4 fs6 fc1 sc0 ls56 ws55\">cla<span class=\"_ _0\"></span>ims as a resul<span class=\"_ _0\"></span>t of epide<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>c risks<span class=\"_ _0\"></span>. Qu<span class=\"_ _0\"></span>ota sha<span class=\"_ _0\"></span>re and exce<span class=\"_ _0\"></span>ss of loss rei<span class=\"_ _0\"></span>nsu<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e </td></tr><tr><td class=\"t m2 x206 hc y4421 ff4 fs6 fc1 sc0 ls56 ws55\">of<span class=\"_ gs5e1\"> </span>prote<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ion<span class=\"_ gs5e1\"> </span>b<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m2 x5ef hc y4422 ff4 fs6 fc1 sc0 ls56 ws55\">co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>ts are use<span class=\"_ _0\"></span>d by indiv<span class=\"_ _0\"></span>idu<span class=\"_ _0\"></span>al and gro<span class=\"_ _0\"></span>up prote<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n, res<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ive<span class=\"_ _0\"></span>ly, to <span class=\"_ _1\"></span>fur<span class=\"_ _3\"></span>the<span class=\"_ _0\"></span>r </td></tr><tr><td></td><td></td><td class=\"t m2 x5ef hc y4423 ff4 fs6 fc1 sc0 ls56 ws55\">mit<span class=\"_ _0\"></span>iga<span class=\"_ _0\"></span>te the risk<span class=\"_ _0\"></span>. De<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>ing on th<span class=\"_ _0\"></span>e natur<span class=\"_ _0\"></span>e of <span class=\"_ _1\"></span>an epi<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>c, mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span> </td></tr><tr><td></td><td></td><td class=\"t m2 x5ef hc y4424 ff4 fs6 fc1 sc0 ls56 ws55\">may lea<span class=\"_ _0\"></span>d to <span class=\"_ _1\"></span>a redu<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on in the co<span class=\"_ _0\"></span>st of clai<span class=\"_ _0\"></span>ms for ann<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y bu<span class=\"_ _0\"></span>sin<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>s. Pr<span class=\"_ _0\"></span>ici<span class=\"_ _0\"></span>ng for<span class=\"_ _0\"></span> </td></tr><tr><td></td><td></td><td class=\"t m2 x5ef hc y4425 ff4 fs6 fc1 sc0 ls56 ws55\">new bu<span class=\"_ _0\"></span>sin<span class=\"_ _0\"></span>ess c<span class=\"_ _0\"></span>an also be up<span class=\"_ _0\"></span>date<span class=\"_ _0\"></span>d to <span class=\"_ _1\"></span>ref<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>ct th<span class=\"_ _0\"></span>e chan<span class=\"_ _0\"></span>ge in exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted cl<span class=\"_ _0\"></span>aim<span class=\"_ _0\"></span>s.<span class=\"_ _3b2\"> </span></td></tr></table>Acc<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>mu<span class=\"_ _0\"></span>lat<span class=\"_ _0\"></span>ion of r<span class=\"_ _0\"></span>isk<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>ere is limi<span class=\"_ _0\"></span>ted potenti<span class=\"_ _0\"></span>al for singl<span class=\"_ _0\"></span>e incid<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts to give rise to a <span class=\"_ _1\"></span>larg<span class=\"_ _0\"></span>e numb<span class=\"_ _0\"></span>er of claim<span class=\"_ _0\"></span>s acros<span class=\"_ _0\"></span>s the dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nt co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>ct t<span class=\"_ _0\"></span>yp<span class=\"_ _0\"></span>es wri<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ten by the Grou<span class=\"_ _0\"></span>p. However, there are poten<span class=\"_ _0\"></span>tially ma<span class=\"_ _0\"></span>terial c<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>relati<span class=\"_ _0\"></span>ons of insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce ris<span class=\"_ _0\"></span>k with othe<span class=\"_ _0\"></span>r ty<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>s of risk expo<span class=\"_ _0\"></span>sure<span class=\"_ _0\"></span>. The Gro<span class=\"_ _0\"></span>up\u2019s capi<span class=\"_ _0\"></span>tal mo<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>l see<span class=\"_ _0\"></span>ks to<span class=\"_ gsec\"> </span>measu<span class=\"_ _0\"></span>re risk co<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>latio<span class=\"_ _0\"></span>ns par<span class=\"_ _3\"></span>ticul<span class=\"_ _0\"></span>arl<span class=\"_ _0\"></span>y thos<span class=\"_ _0\"></span>e that would tend to be mo<span class=\"_ _0\"></span>re acu<span class=\"_ _0\"></span>te as the under<span class=\"_ _0\"></span>ly<span class=\"_ _0\"></span>ing ris<span class=\"_ _0\"></span>k sce<span class=\"_ _0\"></span>nar<span class=\"_ _0\"></span>ios be<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ome m<span class=\"_ _0\"></span>ore ex<span class=\"_ _0\"></span>tre<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>. An<span class=\"_ gsec\"> </span>exa<span class=\"_ _0\"></span>mpl<span class=\"_ _0\"></span>e of the accu<span class=\"_ _0\"></span>mul<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of risk is the cor<span class=\"_ _0\"></span>relat<span class=\"_ _0\"></span>ion be<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n reinsu<span class=\"_ _0\"></span>rer cre<span class=\"_ _0\"></span>dit r<span class=\"_ _0\"></span>isk with m<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>alit<span class=\"_ _0\"></span>y an<span class=\"_ _0\"></span>d mor<span class=\"_ _0\"></span>bidi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y expo<span class=\"_ _0\"></span>sure<span class=\"_ _0\"></span>s.<span class=\"_ _3b2\"> </span>Op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>iona<span class=\"_ _0\"></span>l r<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>k<span class=\"_ _3b2\"> </span>Op<span class=\"_ _0\"></span>erat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>al risk is def<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d as loss ar<span class=\"_ _0\"></span>isin<span class=\"_ _0\"></span>g from ina<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>quate or faile<span class=\"_ _0\"></span>d inter<span class=\"_ _0\"></span>nal pro<span class=\"_ _0\"></span>ces<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>, pe<span class=\"_ _0\"></span>opl<span class=\"_ _0\"></span>e, sys<span class=\"_ _0\"></span>tems or ex<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>nal even<span class=\"_ _0\"></span>ts. Poten<span class=\"_ _0\"></span>tial for exp<span class=\"_ _0\"></span>osure<span class=\"_ _0\"></span> to such ris<span class=\"_ _0\"></span>k ex<span class=\"_ _0\"></span>tends to all of the Group\u2019s busin<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>es. T<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up has co<span class=\"_ _0\"></span>nst<span class=\"_ _0\"></span>ruc<span class=\"_ _0\"></span>ted a fram<span class=\"_ _0\"></span>ewor<span class=\"_ _0\"></span>k of interna<span class=\"_ _0\"></span>l cont<span class=\"_ _0\"></span>rols to minimis<span class=\"_ _0\"></span>e materia<span class=\"_ _0\"></span>l loss fro<span class=\"_ _0\"></span>m ope<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>l risk event<span class=\"_ _0\"></span>s reco<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>sing that n<span class=\"_ _0\"></span>o system of intern<span class=\"_ _0\"></span>al co<span class=\"_ _0\"></span>ntrol c<span class=\"_ _0\"></span>an com<span class=\"_ _0\"></span>pl<span class=\"_ _0\"></span>etely eli<span class=\"_ _0\"></span>mina<span class=\"_ _0\"></span>te the risk of erro<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>, fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial los<span class=\"_ _0\"></span>s, fr<span class=\"_ _0\"></span>audu<span class=\"_ _0\"></span>len<span class=\"_ _0\"></span>t actio<span class=\"_ _0\"></span>n or<span class=\"_ gsec\"> </span>rep<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>nal dam<span class=\"_ _0\"></span>age.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInsuranceRiskExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-599": {
   "value": "<div class=\"t m2 he ff1 fs8 fc2 sc0 ls46 ws50 gs74b\">19<span class=\"_ _1\"></span><span class=\"ls8d ws0\">. <span class=\"_ _d2\"> </span>Long<span class=\"_ _1\"></span>-<span class=\"_ _1\"></span>term i<span class=\"_ _0\"></span>nsura<span class=\"_ _0\"></span>nce valua<span class=\"_ _1\"></span>ti<span class=\"_ _1\"></span>on ass<span class=\"_ _1\"></span>umpti<span class=\"_ _1\"></span>ons<span class=\"_ _3b2\"> </span></span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs74c\">Th<span class=\"_ _0\"></span>e Group\u2019s insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce ass<span class=\"_ _0\"></span>umpti<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>, des<span class=\"_ _0\"></span>cr<span class=\"_ _0\"></span>ibe<span class=\"_ _0\"></span>d bel<span class=\"_ _0\"></span>ow, relate t<span class=\"_ _1\"></span>o the UK ins<span class=\"_ _0\"></span>uran<span class=\"_ _0\"></span>ce (<span class=\"_ _0\"></span>both an<span class=\"_ _0\"></span>nui<span class=\"_ _0\"></span>ties an<span class=\"_ _0\"></span>d protect<span class=\"_ _0\"></span>ion) busin<span class=\"_ _0\"></span>ess and mate<span class=\"_ _0\"></span>rial lin<span class=\"_ _0\"></span>es of </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs74d\">the<span class=\"_ gsec\"> </span>U<span class=\"_ _0\"></span>S insu<span class=\"_ _0\"></span>ranc<span class=\"_ _0\"></span>e (b<span class=\"_ _0\"></span>oth ann<span class=\"_ _0\"></span>uiti<span class=\"_ _0\"></span>es and prote<span class=\"_ _0\"></span>ctio<span class=\"_ _0\"></span>n) busines<span class=\"_ _0\"></span>s. O<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r non<span class=\"_ _3\"></span>-<span class=\"_ _0\"></span>UK bu<span class=\"_ _0\"></span>sine<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s do not con<span class=\"_ _0\"></span>stit<span class=\"_ _0\"></span>ute a material c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ent of the Gro<span class=\"_ _0\"></span>up\u2019s </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs74e\">ope<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>ons an<span class=\"_ _0\"></span>d cons<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>ratio<span class=\"_ _0\"></span>n of geo<span class=\"_ _0\"></span>gra<span class=\"_ _0\"></span>phic<span class=\"_ _0\"></span>all<span class=\"_ _0\"></span>y deter<span class=\"_ _0\"></span>mine<span class=\"_ _0\"></span>d assu<span class=\"_ _0\"></span>mpti<span class=\"_ _0\"></span>ons is the<span class=\"_ _0\"></span>refore not inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs74f\">For th<span class=\"_ _0\"></span>e purp<span class=\"_ _0\"></span>ose of pro<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>ing IF<span class=\"_ _0\"></span>RS 17 <span class=\"_ _1\"></span>bes<span class=\"_ _0\"></span>t estim<span class=\"_ _0\"></span>ate liabili<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>, the Gro<span class=\"_ _0\"></span>up se<span class=\"_ _0\"></span>eks to make best es<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>ate assumpt<span class=\"_ _0\"></span>ions ab<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>t fut<span class=\"_ _0\"></span>ure exp<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ce base<span class=\"_ _0\"></span>d </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs750\">on cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>t market c<span class=\"_ _0\"></span>ond<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>ns and re<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>nt expe<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>e.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h21 ff1 fs10 fc2 sc0 ls77 ws0 gs751\">(i<span class=\"_ _1\"></span>) <span class=\"_ _8\"> </span>Mort<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ity a<span class=\"_ _0\"></span>nd morbidit<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs752\">Mor<span class=\"_ _3\"></span>tali<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y and m<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>bidi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y assu<span class=\"_ _0\"></span>mptio<span class=\"_ _0\"></span>ns for t<span class=\"_ _0\"></span>he U<span class=\"_ _0\"></span>K busi<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>s are set w<span class=\"_ _0\"></span>ith refer<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>e to stan<span class=\"_ _0\"></span>dard t<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>es drawn u<span class=\"_ _0\"></span>p by the C<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tinu<span class=\"_ _0\"></span>ous M<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>talit<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs753\">Investi<span class=\"_ _0\"></span>gatio<span class=\"_ _0\"></span>n Bure<span class=\"_ _0\"></span>au (CMI), a subsi<span class=\"_ _0\"></span>diar<span class=\"_ _3\"></span>y of <span class=\"_ _1\"></span>the Ins<span class=\"_ _0\"></span>tit<span class=\"_ _0\"></span>ute and Facu<span class=\"_ _0\"></span>lt<span class=\"_ _0\"></span>y of Actu<span class=\"_ _0\"></span>arie<span class=\"_ _0\"></span>s, an<span class=\"_ _0\"></span>d/or UK deat<span class=\"_ _0\"></span>h regis<span class=\"_ _0\"></span>tratio<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>. US assu<span class=\"_ _0\"></span>mpti<span class=\"_ _0\"></span>ons are set wi<span class=\"_ _0\"></span>th </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs754\">referen<span class=\"_ _0\"></span>ce to stand<span class=\"_ _0\"></span>ard tab<span class=\"_ _0\"></span>les dr<span class=\"_ _0\"></span>awn up by the Am<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>can Ac<span class=\"_ _0\"></span>ad<span class=\"_ _0\"></span>emy of Actua<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>s. T<span class=\"_ _1\"></span>ables are base<span class=\"_ _0\"></span>d on ind<span class=\"_ _0\"></span>ust<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>wide m<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>alit<span class=\"_ _0\"></span>y an<span class=\"_ _0\"></span>d mor<span class=\"_ _0\"></span>bidi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs755\">exp<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ce for insu<span class=\"_ _0\"></span>red live<span class=\"_ _0\"></span>s.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs756\">Th<span class=\"_ _0\"></span>e Group c<span class=\"_ _0\"></span>ond<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>ts statis<span class=\"_ _0\"></span>tic<span class=\"_ _0\"></span>al investi<span class=\"_ _0\"></span>gatio<span class=\"_ _0\"></span>ns of its mor<span class=\"_ _3\"></span>talit<span class=\"_ _0\"></span>y an<span class=\"_ _0\"></span>d mor<span class=\"_ _0\"></span>bidi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y exp<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>, the majo<span class=\"_ _0\"></span>rit<span class=\"_ _0\"></span>y of whic<span class=\"_ _0\"></span>h are car<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>d ou<span class=\"_ _0\"></span>t at least ann<span class=\"_ _0\"></span>uall<span class=\"_ _0\"></span>y. </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs757\">Investi<span class=\"_ _0\"></span>gatio<span class=\"_ _0\"></span>ns dete<span class=\"_ _0\"></span>rmi<span class=\"_ _0\"></span>ne the ex<span class=\"_ _0\"></span>ten<span class=\"_ _0\"></span>t to <span class=\"_ _1\"></span>whic<span class=\"_ _0\"></span>h the Gro<span class=\"_ _0\"></span>up\u2019s expe<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e dif<span class=\"_ _0\"></span>fers fro<span class=\"_ _0\"></span>m that und<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>pin<span class=\"_ _0\"></span>ning th<span class=\"_ _0\"></span>e stan<span class=\"_ _0\"></span>dard tab<span class=\"_ _0\"></span>les<span class=\"_ _0\"></span>, and su<span class=\"_ _0\"></span>gge<span class=\"_ _0\"></span>st app<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>riate </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs758\">adjus<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nts whi<span class=\"_ _0\"></span>ch ne<span class=\"_ _0\"></span>ed to be made to the valua<span class=\"_ _0\"></span>tion as<span class=\"_ _0\"></span>sump<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s. Rec<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t mor<span class=\"_ _3\"></span>talit<span class=\"_ _0\"></span>y exp<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ien<span class=\"_ _0\"></span>ce o<span class=\"_ _0\"></span>bser<span class=\"_ _3\"></span>ved as a result of Cov<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>-1<span class=\"_ _1\"></span>9 <span class=\"_ _1\"></span>and ind<span class=\"_ _0\"></span>ust<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs759\">stud<span class=\"_ _0\"></span>ies on it<span class=\"_ _0\"></span>s potential e<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>mic ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>ts have be<span class=\"_ _0\"></span>en use<span class=\"_ _0\"></span>d to derive ap<span class=\"_ _0\"></span>pro<span class=\"_ _0\"></span>pria<span class=\"_ _0\"></span>te adjustm<span class=\"_ _0\"></span>ents to the assu<span class=\"_ _0\"></span>mpti<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs75a\">In mos<span class=\"_ _0\"></span>t cases<span class=\"_ _0\"></span>, mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tal<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y rates are set se<span class=\"_ _0\"></span>para<span class=\"_ _0\"></span>tely for gen<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r and smo<span class=\"_ _0\"></span>ker statu<span class=\"_ _0\"></span>s, an<span class=\"_ _0\"></span>d the per<span class=\"_ _0\"></span>cen<span class=\"_ _0\"></span>tag<span class=\"_ _0\"></span>e of mor<span class=\"_ _0\"></span>tal<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y tabl<span class=\"_ _0\"></span>e will var<span class=\"_ _0\"></span>y for the f<span class=\"_ _0\"></span>ir<span class=\"_ _0\"></span>st <span class=\"ff3 ls1 ws0\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs75b\">2-<span class=\"_ _0\"></span>5 years of the po<span class=\"_ _0\"></span>licy<span class=\"_ _3\"></span>\u2019s <span class=\"_ _1\"></span>dur<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n to <span class=\"_ _1\"></span>allow for un<span class=\"_ _0\"></span>der<span class=\"_ _3\"></span>writi<span class=\"_ _0\"></span>ng sel<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n.<span class=\"_ _3b2\"> </span></div><div class=\"gs75c\"><table class=\"s w2a2 h16e\" id=\"_5bbdd166-a7b8-46fc-9937-3463a13cbc01\"><tr><td class=\"c n x1cb y4426 w2a3 h128\"><div class=\"t m2 x1ca hf y415b ff5 fs9 fc1 sc0 ls38 ws3b\">Mortalit<span class=\"_ _0\"></span>y tables<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa92 y4426 w103 h128\"><div class=\"t m2 x1ca hf y415b ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa93 y4427 w2a4 h11e\"><div class=\"t m2 x1ca hf y40a7 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 hb y4428 ff6 fs6 fc1 sc0 ls56 ws55\">No<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-l<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>ked in<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>ua<span class=\"_ _0\"></span>l ass<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ce bu<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>ss<span class=\"_ _3b2\"> </span></td><td></td><td></td></tr><tr><td class=\"c x1cb y4429 w2a5 h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10e ws54\">UK term assura<span class=\"_ _1\"></span>nces</div><div class=\"t m2 xa94 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa95 y442a w2a6 h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws1c6\">90% TM08/TF08<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa96 y442a w2a7 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">90% TM08/TF08<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y442b w2a8 h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">UK te<span class=\"_ _0\"></span>rm as<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>s wi<span class=\"_ _0\"></span>th ter<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>nal il<span class=\"_ _0\"></span>ln<span class=\"_ _0\"></span>ess</div><div class=\"t m2 xa97 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa98 y442c w2a9 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">66% \u2013 <span class=\"_ _1\"></span>86% <span class=\"_ _1\"></span>TM08/TF08 Sel <span class=\"_ _1\"></span>5<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa99 y442c w2aa h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">74% \u2013 86% <span class=\"_ _1\"></span>TM08/TF08 <span class=\"_ _1\"></span>Sel 5<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y442d w2ab h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">UK te<span class=\"_ _0\"></span>rm as<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>s wi<span class=\"_ _0\"></span>th cr<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>al ill<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>ss</div><div class=\"t m2 xa9a h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x50a y442e w2ac h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">83% \u2013 <span class=\"_ _1\"></span>126% ACL08 <span class=\"_ _1\"></span>Sel 2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa9b y442e w2ad h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">91% \u2013 135% <span class=\"_ _1\"></span>ACL08 Sel <span class=\"_ _1\"></span>2<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y442f w2a5 h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10e ws54\">US term assura<span class=\"_ _1\"></span>nces</div><div class=\"t m2 xa94 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa9c y4430 w2ae h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws0\">Adjusted SOA 2014 VBT<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa9d y4430 w2af h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">Adjusted SOA <span class=\"_ _1\"></span>2014 VB<span class=\"_ _1\"></span>T<span class=\"_ _3b2\"> </span></div></td></tr><tr><td></td><td class=\"t m2 xa9e hb y4431 ff5 fs6 fc1 sc0 ls56 ws1c6\">Bespoke T<span class=\"_ _4\"></span>ables <span class=\"_ _0\"></span>based <span class=\"_ _0\"></span>on TM08/TF08 </td><td class=\"t m2 x494 h1a y4431 ff3 fs6 fc1 sc0 ls56 ws5b\">Bespoke T<span class=\"_ _1\"></span>ables based on TM08/TF08<span class=\"_ _0\"></span> </td></tr><tr><td class=\"c x1cb y411a w2b0 h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Wh<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>e of Li<span class=\"_ _0\"></span>fe Prote<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on P<span class=\"_ _0\"></span>lan</div><div class=\"t m2 xa9f h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td><td class=\"t m2 x464 hb y4432 ff6 fs6 fc1 sc0 ls56 ws55\">and<span class=\"_ gs75d\"> </span>UK<span class=\"_ gs75d\"> </span>death registr<span class=\"_ _1\"></span>ations<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x495 hc y4432 ff4 fs6 fc1 sc0 ls56 ws55\">and<span class=\"_ gs5e1\"> </span>UK<span class=\"_ gs5e1\"> </span>death registr<span class=\"_ _1\"></span>ations<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 xaa0 hb y4433 ff5 fs6 fc1 sc0 ls56 ws0\">Bespoke <span class=\"_ _1\"></span>T<span class=\"_ _1\"></span>ables based on EL<span class=\"_ _1c\"></span>T15 and<span class=\"_ _0\"></span> </td><td class=\"t m2 xaa1 h1a y4433 ff3 fs6 fc1 sc0 ls56 ws0\">Bespoke T<span class=\"_ _4\"></span>ables based on EL<span class=\"_ _4\"></span>T15 and </td></tr><tr><td class=\"c x1cb y4434 w2b1 h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Wh<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>e of Li<span class=\"_ _0\"></span>fe over 5<span class=\"_ _0\"></span>0</div><div class=\"t m2 xaa2 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td><td class=\"t m2 xaa3 hb y4435 ff6 fs6 fc1 sc0 ls56 ws55\">Whole<span class=\"_ gs75d\"> </span>of<span class=\"_ gs75d\"> </span>Life Pr<span class=\"_ _1\"></span>otection Plan<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x94c hc y4435 ff4 fs6 fc1 sc0 ls56 ws55\">Whole<span class=\"_ gs5e1\"> </span>of<span class=\"_ gs5e1\"> </span>Life Pr<span class=\"_ _1\"></span>otection Plan<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 hb y4436 ff5 fs6 fc1 sc0 ls12e wsca\">Annuity business<span class=\"_ _3b2\"> </span></td><td></td><td></td></tr><tr><td class=\"c x1cb y411e w2b2 h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">UK A<span class=\"_ _0\"></span>nn<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s in d<span class=\"_ _0\"></span>efer<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt</div><div class=\"t m2 x417 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">5<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xaa4 y4437 w2b3 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">95.3% \u2013 <span class=\"_ _1\"></span>95.5% PMA16_PBO/PF<span class=\"_ _4\"></span>A16_PBO<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xaa5 y4437 w2b4 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">95.3% \u2013 <span class=\"_ _1\"></span>95.6% PMA16_PBO/PF<span class=\"_ _4\"></span>A16_PBO<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y4438 w2b5 h143\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">UK Veste<span class=\"_ _0\"></span>d annu<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>es</div><div class=\"t m2 xaa6 h5a y41e5 ff3 fs1c fc1 sc0 ls1 ws0\">6<span class=\"_ _3b2\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c n xaa7 y4439 w2b6 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 lsea ws27\">Pension risk transfer<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xaa8 y4439 w2b7 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">95.3% \u2013 95.5% <span class=\"_ _1\"></span>PMA16_PBO/PF<span class=\"_ _1\"></span>A16_PBO<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xaa9 y4439 w2b8 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">95.3% \u2013 <span class=\"_ _1\"></span>95.6% PMA16_PBO/PF<span class=\"_ _4\"></span>A16_PBO<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n xaa7 y443a w2b9 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10a ws5a\">Other annuities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xaaa y443a w2ba h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">79.0% \u2013 126.1% <span class=\"_ _1\"></span>PMA16_PBO/PF<span class=\"_ _4\"></span>A16_PBO<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xaab y443a w2bb h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">79.0% \u2013 <span class=\"_ _1\"></span>131.6% PMA16_PBO/PF<span class=\"_ _4\"></span>A16_PBO<span class=\"_ _3b2\"> </span></div></td></tr><tr><td></td><td class=\"t m2 x4e5 hb y443b ff5 fs6 fc1 sc0 ls56 ws0\">Bespoke tables based on RP-2014 </td><td class=\"t m2 x325 h1a y443b ff3 fs6 fc1 sc0 ls56 ws0\">Bespoke tables based on RP-2014 </td></tr><tr><td class=\"c x1cb y41c1 w2bc h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">US annuities</div><div class=\"t m2 xaac h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td><td class=\"t m2 xaa3 hb y443c ff6 fs6 fc1 sc0 ls56 ws55\">Healthy<span class=\"_ gs75d\"> </span>Annuitant <span class=\"_ _1\"></span>T<span class=\"_ _1c\"></span>otal table<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x94c hc y443c ff4 fs6 fc1 sc0 ls56 ws55\">Healthy<span class=\"_ gs5e1\"> </span>Annuitant <span class=\"_ _1\"></span>T<span class=\"_ _1\"></span>otal table<span class=\"_ _3b2\"> </span></td></tr></table></div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs75e\">1. <span class=\"_ _15\"> </span>Im<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>ove<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>s ap<span class=\"_ _0\"></span>pl<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d of 1.0<span class=\"_ _0\"></span>% p.<span class=\"_ _0\"></span>a. f<span class=\"_ _0\"></span>or m<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>nd f<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>es (2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3: 1.0% p<span class=\"_ _0\"></span>.a<span class=\"_ _0\"></span>. fo<span class=\"_ _0\"></span>r ma<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d fe<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>s).<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs75f\">2. <span class=\"_ _15\"> </span>Mo<span class=\"_ _0\"></span>rb<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y ra<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e as<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o de<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>te a<span class=\"_ _0\"></span>t a ra<span class=\"_ _0\"></span>te o<span class=\"_ _0\"></span>f 0.5<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>% p.a<span class=\"_ _0\"></span>. fo<span class=\"_ _0\"></span>r m<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>nd 0<span class=\"_ _0\"></span>.75% p.<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>. for f<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s (20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3: 0.<span class=\"_ _0\"></span>50<span class=\"_ _0\"></span>% p.<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>. for m<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d 0.75<span class=\"_ _0\"></span>% p.a<span class=\"_ _0\"></span>. fo<span class=\"_ _0\"></span>r fe<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>s).<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs760\">3. <span class=\"_ _15\"> </span>Ad<span class=\"_ _0\"></span>ju<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>re m<span class=\"_ _0\"></span>ad<span class=\"_ _0\"></span>e fo<span class=\"_ _0\"></span>r g<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r, se<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t p<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>, s<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>ke<span class=\"_ _0\"></span>r s<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, po<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>cy s<span class=\"_ _0\"></span>iz<span class=\"_ _0\"></span>e, p<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>y d<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n a<span class=\"_ _0\"></span>nd y<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>r, iss<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>e yea<span class=\"_ _0\"></span>r, ag<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>, an<span class=\"_ _0\"></span>d ca<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>da<span class=\"_ _0\"></span>r ye<span class=\"_ _0\"></span>ar.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs761\">4. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>Mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tes a<span class=\"_ _0\"></span>re a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>d to r<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ce b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d on C<span class=\"_ _0\"></span>M<span class=\"_ _0\"></span>I 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 mo<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>l w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h a lo<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>rm a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>al i<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ove<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t ra<span class=\"_ _0\"></span>te o<span class=\"_ _0\"></span>f 1.75% for m<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d 1.25<span class=\"_ _0\"></span>% fo<span class=\"_ _0\"></span>r fe<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>s </div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs762\">(20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3:<span class=\"_ gs4cd\"> </span>M<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>tal<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ gs4cd\"> </span>ra<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>s<span class=\"_ gs4cd\"> </span>ar<span class=\"_ _0\"></span>e<span class=\"_ gs4cd\"> </span>as<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>d to r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>du<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e bas<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d on C<span class=\"_ _0\"></span>M<span class=\"_ _0\"></span>I 20<span class=\"_ _0\"></span>21 m<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>l wi<span class=\"_ _0\"></span>th a l<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>m a<span class=\"_ _0\"></span>nn<span class=\"_ _0\"></span>ua<span class=\"_ _0\"></span>l im<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>rov<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te of 1.75% fo<span class=\"_ _0\"></span>r ma<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>nd 1.2<span class=\"_ _0\"></span>5% f<span class=\"_ _0\"></span>or f<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>es). </div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs763\">5. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>T<span class=\"_ _1\"></span>ab<span class=\"_ _0\"></span>le fo<span class=\"_ _0\"></span>r m<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e is c<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>y us<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g P<span class=\"_ _0\"></span>MA16_<span class=\"_ _3\"></span>PB<span class=\"_ _0\"></span>O an<span class=\"_ _0\"></span>d fo<span class=\"_ _0\"></span>r fe<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>le i<span class=\"_ _0\"></span>t is P<span class=\"_ _0\"></span>FA1<span class=\"_ _1\"></span>6_<span class=\"_ _3\"></span>PB<span class=\"_ _0\"></span>O (20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3: P<span class=\"_ _0\"></span>M<span class=\"_ _0\"></span>A1<span class=\"_ _1\"></span>6<span class=\"_ _0\"></span>_<span class=\"_ _0\"></span>P<span class=\"_ _0\"></span>BO a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d PFA1<span class=\"_ _1\"></span>6<span class=\"_ _0\"></span>_<span class=\"_ _0\"></span>P<span class=\"_ _0\"></span>BO). T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>e ta<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e us<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>or b<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>th i<span class=\"_ _0\"></span>mm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>ate a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d </div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs764\">de<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ gs4cd\"> </span>an<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>. </div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs765\">6. <span class=\"_ _15\"> </span>Mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tes a<span class=\"_ _0\"></span>re a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>d to r<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ce a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>ng to a<span class=\"_ _0\"></span>n a<span class=\"_ _0\"></span>dj<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d ve<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>on of t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y i<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>ove<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t m<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>el C<span class=\"_ _0\"></span>M<span class=\"_ _0\"></span>I 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 (2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>3: C<span class=\"_ _0\"></span>M<span class=\"_ _0\"></span>I 20<span class=\"_ _0\"></span>21) wi<span class=\"_ _0\"></span>th t<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>wi<span class=\"_ _0\"></span>ng p<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>s: </div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs766\"> <span class=\"_ _11\"> </span>Mal<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>: Lo<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>rm R<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e of 1.75% p.<span class=\"_ _0\"></span>a. u<span class=\"_ _0\"></span>p to a<span class=\"_ _0\"></span>ge 8<span class=\"_ _0\"></span>5 ta<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g to 0<span class=\"_ _0\"></span>% at 110 (202<span class=\"_ _0\"></span>3: L<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>m Ra<span class=\"_ _0\"></span>te o<span class=\"_ _0\"></span>f 1.75% p.a<span class=\"_ _0\"></span>. up t<span class=\"_ _0\"></span>o ag<span class=\"_ _0\"></span>e 85 t<span class=\"_ _0\"></span>ap<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g to 0% a<span class=\"_ _0\"></span>t 11<span class=\"_ _1\"></span>0). </div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs767\"> <span class=\"_ _11\"> </span>Fem<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s: Lo<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>rm R<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te of 1.25<span class=\"_ _0\"></span>% p.<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>. up to a<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>e 85 t<span class=\"_ _0\"></span>ap<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ng to 0<span class=\"_ _0\"></span>% a<span class=\"_ _0\"></span>t 11<span class=\"_ _1\"></span>0 (20<span class=\"_ _0\"></span>23<span class=\"_ _0\"></span>: Lo<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>rm R<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e of 1.25<span class=\"_ _0\"></span>% p.<span class=\"_ _0\"></span>a. u<span class=\"_ _0\"></span>p to a<span class=\"_ _0\"></span>ge 8<span class=\"_ _0\"></span>5 t<span class=\"_ _0\"></span>ap<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ng to 0<span class=\"_ _0\"></span>% a<span class=\"_ _0\"></span>t 11<span class=\"_ _1\"></span>0). </div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs768\"> <span class=\"_ _11\"> </span> <span class=\"_ _b\"></span>S<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>hi<span class=\"_ _0\"></span>ng i<span class=\"_ _0\"></span>s ap<span class=\"_ _0\"></span>pl<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d to d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ve i<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>al r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es u<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>ng a s<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>oo<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>am<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r (Sk<span class=\"_ _0\"></span>) val<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>e of 7<span class=\"_ _1\"></span>.5 ap<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o ON<span class=\"_ _0\"></span>S p<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>ul<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n d<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>a to 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>ul<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g in<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>l ra<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n ad<span class=\"_ _0\"></span>ju<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ed </div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs769\">to<span class=\"_ gs4cd\"> </span>re<span class=\"_ _0\"></span>fl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t s<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>c cl<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>s, t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>e ad<span class=\"_ _0\"></span>ju<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts h<span class=\"_ _0\"></span>ave b<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>en u<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>da<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d fo<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>4. (2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>: sm<span class=\"_ _0\"></span>oo<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ng p<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>am<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r (S<span class=\"_ _0\"></span>k) va<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>e of 7.5 app<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o L&amp;<span class=\"_ _0\"></span>G b<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>oke p<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on d<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ta to 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>21). </div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs76a\">Ze<span class=\"_ _0\"></span>ro we<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>gh<span class=\"_ _0\"></span>ts i<span class=\"_ _0\"></span>s pl<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d o<span class=\"_ _0\"></span>n da<span class=\"_ _0\"></span>ta fo<span class=\"_ _0\"></span>r c<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ar ye<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>rs 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>20<span class=\"_ _0\"></span>, 20<span class=\"_ _0\"></span>21 a<span class=\"_ _0\"></span>nd 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 (20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3: ze<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>o wei<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>ht f<span class=\"_ _0\"></span>or c<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>ar y<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>rs 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>20<span class=\"_ _0\"></span>, 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>1 an<span class=\"_ _0\"></span>d 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2). </div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs76b\"> <span class=\"_ _11\"> </span>For i<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>du<span class=\"_ _0\"></span>al a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s di<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ib<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d th<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>gh r<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>l c<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>nn<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ls<span class=\"_ _0\"></span>, a fu<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>er a<span class=\"_ _0\"></span>ll<span class=\"_ _0\"></span>owa<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ce i<span class=\"_ _0\"></span>s ma<span class=\"_ _0\"></span>de f<span class=\"_ _0\"></span>or t<span class=\"_ _0\"></span>he e<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t of in<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>tia<span class=\"_ _0\"></span>l se<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n. </div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs76c\"> <span class=\"_ _11\"> </span>Th<span class=\"_ _0\"></span>e bas<span class=\"_ _0\"></span>is a<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>ove i<span class=\"_ _0\"></span>s ap<span class=\"_ _0\"></span>pl<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>e up t<span class=\"_ _0\"></span>o ag<span class=\"_ _0\"></span>e 9<span class=\"_ _0\"></span>0. Af<span class=\"_ _3\"></span>ter a<span class=\"_ _0\"></span>ge 9<span class=\"_ _0\"></span>0 t<span class=\"_ _0\"></span>he b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>is i<span class=\"_ _0\"></span>s bl<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>owa<span class=\"_ _0\"></span>rd<span class=\"_ _0\"></span>s a b<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>ke t<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le f<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>m ag<span class=\"_ _0\"></span>e 105 o<span class=\"_ _0\"></span>nwa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ds<span class=\"_ _0\"></span>. </div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs76d\">7<span class=\"_ _1\"></span>. <span class=\"_ _23\"> </span> <span class=\"_ _b\"></span>S<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>hi<span class=\"_ _0\"></span>ng i<span class=\"_ _0\"></span>s ap<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o de<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ve i<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>al r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tes u<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g a sm<span class=\"_ _0\"></span>oo<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g p<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>am<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r (Sk<span class=\"_ _0\"></span>) va<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>e of 7<span class=\"_ _1\"></span>.75 for m<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d 7<span class=\"_ _1\"></span>.5 for f<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, a<span class=\"_ _0\"></span>pp<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d to H<span class=\"_ _0\"></span>MD p<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n da<span class=\"_ _0\"></span>ta to 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2. </div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs76e\">Th<span class=\"_ _0\"></span>e<span class=\"_ gs4cd\"> </span>re<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng<span class=\"_ gs4cd\"> </span>i<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>al r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tes a<span class=\"_ _0\"></span>re t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>en a<span class=\"_ _0\"></span>dj<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d to r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>fle<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t so<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>-<span class=\"_ _3\"></span>ec<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>no<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>c c<span class=\"_ _0\"></span>las<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, th<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>e ad<span class=\"_ _0\"></span>ju<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s hav<span class=\"_ _0\"></span>e be<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n up<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d fo<span class=\"_ _0\"></span>r 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>4 (20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3: M<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>re a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d </div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs76f\">to<span class=\"_ gs4cd\"> </span>re<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>e<span class=\"_ gs4cd\"> </span>ac<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>rd<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g<span class=\"_ gs4cd\"> </span>to a<span class=\"_ _0\"></span>n ad<span class=\"_ _0\"></span>ju<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ted v<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n of th<span class=\"_ _0\"></span>e m<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>tal<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y im<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>rov<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt m<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>l CM<span class=\"_ _0\"></span>I 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>1). Zer<span class=\"_ _0\"></span>o we<span class=\"_ _0\"></span>ig<span class=\"_ _0\"></span>ht i<span class=\"_ _0\"></span>s pl<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d o<span class=\"_ _0\"></span>n da<span class=\"_ _0\"></span>ta fo<span class=\"_ _0\"></span>r t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>ar y<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>rs 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>20<span class=\"_ _0\"></span>, 20<span class=\"_ _0\"></span>21 a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 </div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs770\">(20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3:<span class=\"_ gs4cd\"> </span>ze<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>o<span class=\"_ gs4cd\"> </span>wei<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>ht f<span class=\"_ _0\"></span>or c<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>ar y<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>rs 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>20<span class=\"_ _0\"></span>, 20<span class=\"_ _0\"></span>21 a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2).<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h21 ff1 fs10 fc2 sc0 ls77 ws0 gs772\">(ii) <span class=\"_ _d\"> </span>V<span class=\"_ _1\"></span>aluation rates of i<span class=\"_ _0\"></span>nteres<span class=\"_ _0\"></span>t and d<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>count r<span class=\"_ _0\"></span>ates<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs773\">Th<span class=\"_ _0\"></span>e interes<span class=\"_ _0\"></span>t rates us<span class=\"_ _0\"></span>ed to disc<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nt the c<span class=\"_ _0\"></span>ash f<span class=\"_ _0\"></span>lows for t<span class=\"_ _0\"></span>he pu<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>ose of val<span class=\"_ _0\"></span>uing i<span class=\"_ _0\"></span>nsur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>act li<span class=\"_ _0\"></span>abili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s sho<span class=\"_ _0\"></span>uld ref<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>ct t<span class=\"_ _0\"></span>he tim<span class=\"_ _0\"></span>ing an<span class=\"_ _0\"></span>d liqu<span class=\"_ _0\"></span>idit<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs774\">cha<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>teris<span class=\"_ _0\"></span>tics of the ins<span class=\"_ _0\"></span>ura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e liabili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y cash f<span class=\"_ _0\"></span>lows and cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nt mar<span class=\"_ _0\"></span>ket con<span class=\"_ _0\"></span>diti<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e valuatio<span class=\"_ _0\"></span>n interes<span class=\"_ _0\"></span>t rate assum<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>ns are der<span class=\"_ _0\"></span>ive<span class=\"_ _0\"></span>d as interest<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs775\">rate cur<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>s with full ter<span class=\"_ _0\"></span>m str<span class=\"_ _0\"></span>uctu<span class=\"_ _0\"></span>re. </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs776\">In der<span class=\"_ _0\"></span>ivi<span class=\"_ _0\"></span>ng the liq<span class=\"_ _0\"></span>uidi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y premi<span class=\"_ _0\"></span>um assu<span class=\"_ _0\"></span>mpti<span class=\"_ _0\"></span>ons for ann<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y bu<span class=\"_ _0\"></span>sine<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>, an explic<span class=\"_ _0\"></span>it all<span class=\"_ _0\"></span>owanc<span class=\"_ _0\"></span>e for risk is ded<span class=\"_ _0\"></span>ucte<span class=\"_ _0\"></span>d from the y<span class=\"_ _0\"></span>iel<span class=\"_ _0\"></span>d on the asse<span class=\"_ _0\"></span>ts bac<span class=\"_ _0\"></span>kin<span class=\"_ _0\"></span>g </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs777\">annu<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es. T<span class=\"_ _0\"></span>he allowa<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e for risk co<span class=\"_ _0\"></span>mpr<span class=\"_ _0\"></span>ises lo<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>m assum<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>ns abo<span class=\"_ _0\"></span>ut defau<span class=\"_ _0\"></span>lts an<span class=\"_ _0\"></span>d the mar<span class=\"_ _0\"></span>ket risk pre<span class=\"_ _0\"></span>mium<span class=\"_ _0\"></span>s for takin<span class=\"_ _0\"></span>g cre<span class=\"_ _0\"></span>dit ris<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>. </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs778\">In<span class=\"_ gsec\"> </span>the c<span class=\"_ _0\"></span>ase of lifetime m<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>tga<span class=\"_ _0\"></span>ge asse<span class=\"_ _0\"></span>ts a best es<span class=\"_ _0\"></span>tima<span class=\"_ _0\"></span>te expec<span class=\"_ _0\"></span>tati<span class=\"_ _0\"></span>on of losse<span class=\"_ _0\"></span>s arisi<span class=\"_ _0\"></span>ng from th<span class=\"_ _0\"></span>e No Ne<span class=\"_ _0\"></span>gative Equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y Gu<span class=\"_ _0\"></span>aran<span class=\"_ _0\"></span>tee, an<span class=\"_ _0\"></span>d the mar<span class=\"_ _0\"></span>ket risk </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs779\">prem<span class=\"_ _0\"></span>iums for thi<span class=\"_ _0\"></span>s risk are de<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>ted from th<span class=\"_ _0\"></span>e yiel<span class=\"_ _0\"></span>d. Fo<span class=\"_ _0\"></span>r the UK an<span class=\"_ _0\"></span>nuit<span class=\"_ _0\"></span>y bu<span class=\"_ _0\"></span>sin<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>, the de<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n for risk of defaul<span class=\"_ _0\"></span>t for cor<span class=\"_ _0\"></span>por<span class=\"_ _0\"></span>ate bond<span class=\"_ _0\"></span>s and dire<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs77a\">invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts equ<span class=\"_ _0\"></span>ated to 38b<span class=\"_ _0\"></span>ps (202<span class=\"_ _0\"></span>3: 4<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>bps). For lifetim<span class=\"_ _0\"></span>e mor<span class=\"_ _3\"></span>tgages the d<span class=\"_ _0\"></span>edu<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ons eq<span class=\"_ _0\"></span>uated to \u00a30.<span class=\"_ _0\"></span>3b<span class=\"_ _0\"></span>n (2023<span class=\"_ _0\"></span>: \u00a30.<span class=\"_ _0\"></span>4b<span class=\"_ _0\"></span>n).<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs77b\">For U<span class=\"_ _0\"></span>S and UK prote<span class=\"_ _0\"></span>ctio<span class=\"_ _0\"></span>n busi<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>s, the y<span class=\"_ _0\"></span>iel<span class=\"_ _0\"></span>d is calcu<span class=\"_ _0\"></span>lated base<span class=\"_ _0\"></span>d on noti<span class=\"_ _0\"></span>onal as<span class=\"_ _0\"></span>set po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>folio<span class=\"_ _0\"></span>s of A<span class=\"_ _0\"></span>A rated co<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>ora<span class=\"_ _0\"></span>te bonds an<span class=\"_ _0\"></span>d cash<span class=\"_ _0\"></span>, whic<span class=\"_ _0\"></span>h refl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs77c\">the ch<span class=\"_ _0\"></span>arac<span class=\"_ _0\"></span>teris<span class=\"_ _0\"></span>tic<span class=\"_ _0\"></span>s of the liabili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y cash f<span class=\"_ _0\"></span>lows<span class=\"_ _0\"></span>. An expl<span class=\"_ _0\"></span>ici<span class=\"_ _0\"></span>t allowan<span class=\"_ _0\"></span>ce is ded<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>ted from th<span class=\"_ _0\"></span>e yiel<span class=\"_ _0\"></span>d to reflec<span class=\"_ _0\"></span>t the defau<span class=\"_ _0\"></span>lt ris<span class=\"_ _0\"></span>k asso<span class=\"_ _0\"></span>ciated wi<span class=\"_ _0\"></span>th the noti<span class=\"_ _0\"></span>onal<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls45 ws100 gs77d\">por<span class=\"_ _3\"></span>tfolio assets.<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs77e\">Th<span class=\"_ _0\"></span>e disco<span class=\"_ _0\"></span>unt rate cur<span class=\"_ _3\"></span>ves used for mater<span class=\"_ _0\"></span>ial pro<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>t line<span class=\"_ _0\"></span>s are shown be<span class=\"_ _0\"></span>low. The disc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t rate cur<span class=\"_ _0\"></span>ves are us<span class=\"_ _0\"></span>ed to disco<span class=\"_ _0\"></span>unt the c<span class=\"_ _0\"></span>ash fl<span class=\"_ _0\"></span>ows on the </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs77f\">und<span class=\"_ _0\"></span>erl<span class=\"_ _0\"></span>yi<span class=\"_ _0\"></span>ng co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts and any ass<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>iated rein<span class=\"_ _0\"></span>sura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e cashf<span class=\"_ _0\"></span>lows<span class=\"_ _0\"></span>. The gr<span class=\"_ _0\"></span>aph disp<span class=\"_ _0\"></span>lays the un<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>rly<span class=\"_ _0\"></span>ing sp<span class=\"_ _0\"></span>ot rates:<span class=\"_ _3b2\"> </span></div><div class=\"c w29 hd4 gs780\"><div class=\"t m2 x0 h58 y3358 ff87 fs5 fc1 sc0 ls1 ws0\">31 December 2024 Discount Rates<span class=\"_ _3b2\"> </span></div></div><div class=\"t m2 h32 ff88 fs6 fc1 sc0 ls12e ws142 gs781\">7%<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h32 ff88 fs6 fc1 sc0 ls12e ws142 gs782\">6%<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h32 ff88 fs6 fc1 sc0 ls12e ws142 gs783\">5%<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h32 ff88 fs6 fc1 sc0 ls12e ws142 gs784\">4%<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h32 ff88 fs6 fc1 sc0 ls12e ws142 gs785\">3%<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h32 ff88 fs6 fc1 sc0 ls12e ws142 gs786\">2%<span class=\"_ _3b2\"> </span></div><div class=\"c w29 hd4 gs780\"><div class=\"t m2 x1a3 h16 y6d2 ff88 fs9 fc1 sc0 ls1 ws0\">GBP Risk-free<span class=\"_ _4c\"> </span>Annuities GBP<span class=\"_ _4c\"> </span>Protection GBP<span class=\"_ _4c\"> </span>USD Risk-free<span class=\"_ _4c\"> </span><span class=\"ws183\">Annuities USD<span class=\"_ _4f\"> </span>Protection USD<span class=\"_ _3b2\"> </span></span></div><div class=\"t m4 xab h18 y335f ff88 fs5 fc1 sc0 ls1 ws0\">Rate<span class=\"_ _3b2\"> </span></div></div><div class=\"t m0 h32 ff88 fs6 fc1 sc0 ls1 ws0 gs787\">0<span class=\"_ _108\"> </span><span class=\"ls12e ws142\">10<span class=\"_ _126\"> </span>20<span class=\"_ _126\"> </span>30<span class=\"_ _b0\"> </span>40<span class=\"_ _126\"> </span>50<span class=\"_ _3b2\"> </span></span></div><div class=\"t m0 h32 ff88 fs6 fc1 sc0 ls12e ws142 gs788\">60<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h18 ff88 fs5 fc1 sc0 ls1 ws0 gs789\">Y<span class=\"_ _1\"></span>ears ahead<span class=\"_ _3b2\"> </span></div><div class=\"c w29 hd4 gs78a\"><div class=\"t m0 x0 h58 y3364 ff89 fs5 fc1 sc0 ls1 ws0\">31 December 2023 Discount Rates<span class=\"_ _3b2\"> </span></div><div class=\"t m4 xab h18 y3365 ff8a fs5 fc1 sc0 ls1 ws0\">Rate<span class=\"_ _3b2\"> </span></div></div><div class=\"t m0 h32 ff8a fs6 fc1 sc0 ls12e ws142 gs78b\">7%<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h32 ff8a fs6 fc1 sc0 ls12e ws142 gs78c\">6%<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h32 ff8a fs6 fc1 sc0 ls12e ws142 gs78d\">5%<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h32 ff8a fs6 fc1 sc0 ls12e ws142 gs78e\">4%<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h32 ff8a fs6 fc1 sc0 ls12e ws142 gs78f\">3%<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h32 ff8a fs6 fc1 sc0 ls12e ws142 gs790\">2%<span class=\"_ _3b2\"> </span></div><div class=\"c w29 hd4 gs78a\"><div class=\"t m0 x1a3 h16 y7df ff8a fs9 fc1 sc0 ls1 ws0\">GBP Risk-free<span class=\"_ _4c\"> </span>Annuities GBP<span class=\"_ _4c\"> </span>Protection GBP<span class=\"_ _4c\"> </span>USD Risk-free<span class=\"_ _4c\"> </span><span class=\"ws183\">Annuities USD<span class=\"_ _4f\"> </span>Protection USD<span class=\"_ _3b2\"> </span></span></div><div class=\"t m4 xab h18 y3365 ff8a fs5 fc1 sc0 ls1 ws0\">Rate<span class=\"_ _3b2\"> </span></div></div><div class=\"t m0 h32 ff8a fs6 fc1 sc0 ls1 ws0 gs791\">0<span class=\"_ _108\"> </span><span class=\"ls12e ws142\">10<span class=\"_ _126\"> </span>20<span class=\"_ _126\"> </span>30<span class=\"_ _b0\"> </span>40<span class=\"_ _126\"> </span>50<span class=\"_ _3b2\"> </span></span></div><div class=\"t m0 h32 ff8a fs6 fc1 sc0 ls12e ws142 gs792\">60<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h18 ff8a fs5 fc1 sc0 ls1 ws0 gs793\">Y<span class=\"_ _1\"></span>ears ahead<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h21 ff1 fs10 fc2 sc0 ls9c ws1c7 gs795\">(<span class=\"_ _1\"></span>ii<span class=\"_ _0\"></span>i) Persistency<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs796\">Th<span class=\"_ _0\"></span>e Group m<span class=\"_ _0\"></span>oni<span class=\"_ _0\"></span>tors its p<span class=\"_ _0\"></span>ers<span class=\"_ _0\"></span>isten<span class=\"_ _0\"></span>cy exp<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ce and c<span class=\"_ _0\"></span>arr<span class=\"_ _0\"></span>ies ou<span class=\"_ _0\"></span>t det<span class=\"_ _0\"></span>aile<span class=\"_ _0\"></span>d investig<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns annu<span class=\"_ _0\"></span>ally. Persi<span class=\"_ _0\"></span>stenc<span class=\"_ _0\"></span>y expe<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>e can b<span class=\"_ _0\"></span>e volatile an<span class=\"_ _0\"></span>d past<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs797\">exp<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ce may not be an app<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>riate fu<span class=\"_ _0\"></span>ture ind<span class=\"_ _0\"></span>icato<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>. The Gro<span class=\"_ _0\"></span>up tri<span class=\"_ _0\"></span>es to balanc<span class=\"_ _0\"></span>e past exp<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ien<span class=\"_ _0\"></span>ce an<span class=\"_ _0\"></span>d potentia<span class=\"_ _0\"></span>l futu<span class=\"_ _0\"></span>re con<span class=\"_ _0\"></span>diti<span class=\"_ _0\"></span>ons in se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ting<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs798\">assu<span class=\"_ _0\"></span>mptio<span class=\"_ _0\"></span>ns ab<span class=\"_ _0\"></span>out ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cted lo<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>m average p<span class=\"_ _0\"></span>ers<span class=\"_ _0\"></span>istenc<span class=\"_ _0\"></span>y level<span class=\"_ _0\"></span>s.<span class=\"_ _3b2\"> </span></div><div class=\"gs799\"><table class=\"s w157 h16f\" id=\"_ab92aa37-014c-4c77-92a6-bf0ba94c1f52\"><tr><td class=\"c n x1cb y443d w2bd h12b\"><div class=\"t m2 x1ca hf y415b ff5 fs9 fc1 sc0 ls38 ws3b\">Lapse Rates<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xaad y443d w103 h12b\"><div class=\"t m2 x1ca hf y415b ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xaae y443e w104 h170\"><div class=\"t m2 x1ca hf y40a7 ff3 fs9 fc1 sc0 ls29 ws30\">20<span class=\"_ _0\"></span>23<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40bd w2be h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">UK L<span class=\"_ _0\"></span>evel te<span class=\"_ _0\"></span>rm<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xaaf y40bd w2bf h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1.9% \u2013 <span class=\"_ _1\"></span>29.5%</div></td><td class=\"c n xab0 y40bd w2c0 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2.0% \u2013 30.0%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4315 w2c1 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">UK D<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>cre<span class=\"_ _0\"></span>asi<span class=\"_ _0\"></span>ng ter<span class=\"_ _0\"></span>m<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xab1 y4315 w2c2 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">3.8% \u2013 <span class=\"_ _1\"></span>14.6%</div></td><td class=\"c n xab2 y4315 w2c3 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">4.1% \u2013 14.7%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40bf w2c4 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">UK A<span class=\"_ _0\"></span>cc<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ated c<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>tic<span class=\"_ _0\"></span>al i<span class=\"_ _0\"></span>lln<span class=\"_ _0\"></span>ess c<span class=\"_ _0\"></span>ove<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xab3 y40bf w2bf h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">3.0% \u2013 <span class=\"_ _1\"></span>28.3%</div></td><td class=\"c n xab4 y40bf w2c0 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3.2% \u2013 31.3%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41dd w2c5 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Wh<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>e of Li<span class=\"_ _0\"></span>fe (conve<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>l no<span class=\"_ _0\"></span>n prof<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xab5 y41dd w2bf h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">0.6% \u2013 <span class=\"_ _1\"></span>12.2%</div></td><td class=\"c n xab6 y41dd w2c0 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">0.6% \u2013 10.0%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c1 w2c6 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">US te<span class=\"_ _0\"></span>rm \u2013 10 year g<span class=\"_ _0\"></span>ua<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>tee p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xab7 y40c1 w2c7 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">7.1% \u2013 8.1%</div></td><td class=\"c n xab8 y40c1 w2c8 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">7.1% \u2013 8.1%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y419a w2c9 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">US te<span class=\"_ _0\"></span>rm \u2013 15 year gu<span class=\"_ _0\"></span>ara<span class=\"_ _0\"></span>nte<span class=\"_ _0\"></span>e pe<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>od<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xab9 y419a w2ca h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">4.2% \u2013 <span class=\"_ _1\"></span>5.8%</div></td><td class=\"c n xaba y419a w2cb h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">4.2% <span class=\"_ _1\"></span>\u2013 5.8%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w2cc h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">US te<span class=\"_ _0\"></span>rm \u2013 2<span class=\"_ _0\"></span>0 yea<span class=\"_ _0\"></span>r gua<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ntee p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xabb y4121 w2c7 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">3.0% \u2013 6.1%</div></td><td class=\"c n xabc y4121 w2cb h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3.0% <span class=\"_ _1\"></span>\u2013 6.1%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ac w2cc h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">US te<span class=\"_ _0\"></span>rm \u2013 3<span class=\"_ _0\"></span>0 ye<span class=\"_ _0\"></span>ar gu<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ante<span class=\"_ _0\"></span>e pe<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>od<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xabb y40ac w2c7 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2.1% \u2013 6.5%</div></td><td class=\"c n xabd y40ac w2cb h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2.1% <span class=\"_ _1\"></span>\u2013 6.5%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w2cd h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">US U<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>sal L<span class=\"_ _0\"></span>ife<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xabe y40ae w12d h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2.7%<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xabf y40ae w12e h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2.7%<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"t m2 h21 ff1 fs10 fc2 sc0 ls77 ws1c8 gs79a\">(iv<span class=\"_ _4\"></span>)<span class=\"_ _36\"> </span>E<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>pens<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs79b\">Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p mo<span class=\"_ _0\"></span>nitor<span class=\"_ _0\"></span>s its ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nse ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e and c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>s ou<span class=\"_ _0\"></span>t deta<span class=\"_ _0\"></span>ile<span class=\"_ _0\"></span>d investi<span class=\"_ _0\"></span>gatio<span class=\"_ _0\"></span>ns re<span class=\"_ _0\"></span>gula<span class=\"_ _0\"></span>rly to d<span class=\"_ _0\"></span>eterm<span class=\"_ _0\"></span>ine t<span class=\"_ _0\"></span>he exp<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ses in<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d in wri<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g and </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs79c\">admi<span class=\"_ _0\"></span>nister<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e dif<span class=\"_ _0\"></span>ferent p<span class=\"_ _0\"></span>rodu<span class=\"_ _0\"></span>cts an<span class=\"_ _0\"></span>d class<span class=\"_ _0\"></span>es of busin<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>. Adjus<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nts may be mad<span class=\"_ _0\"></span>e for known fu<span class=\"_ _0\"></span>ture c<span class=\"_ _0\"></span>han<span class=\"_ _0\"></span>ges in the ad<span class=\"_ _0\"></span>minis<span class=\"_ _0\"></span>trati<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs79d\">pro<span class=\"_ _0\"></span>ces<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>, in line wit<span class=\"_ _0\"></span>h the Grou<span class=\"_ _0\"></span>p\u2019s busine<span class=\"_ _0\"></span>ss plan<span class=\"_ _0\"></span>, as well as for chan<span class=\"_ _0\"></span>ges in all<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns. A<span class=\"_ _0\"></span>n allowan<span class=\"_ _0\"></span>ce for exp<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>e inflat<span class=\"_ _0\"></span>ion in the f<span class=\"_ _0\"></span>utur<span class=\"_ _0\"></span>e is also </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs79e\">made in lin<span class=\"_ _0\"></span>e with RP<span class=\"_ _0\"></span>I, tak<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g acc<span class=\"_ _0\"></span>ount of both sa<span class=\"_ _0\"></span>lar<span class=\"_ _0\"></span>y an<span class=\"_ _0\"></span>d pric<span class=\"_ _0\"></span>e infor<span class=\"_ _0\"></span>matio<span class=\"_ _0\"></span>n.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h21 ff1 fs10 fc2 sc0 ls77 ws0 gs79f\">(<span class=\"_ _1\"></span>v<span class=\"_ _1\"></span>)<span class=\"_ _8\"> </span>R<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>sk Adjust<span class=\"_ _0\"></span>ment<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs7a0\">Th<span class=\"_ _0\"></span>e risk a<span class=\"_ _0\"></span>djus<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt is th<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>mpe<span class=\"_ _0\"></span>nsat<span class=\"_ _0\"></span>ion th<span class=\"_ _0\"></span>at the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p requ<span class=\"_ _0\"></span>ires for b<span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>he un<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>int<span class=\"_ _0\"></span>y ab<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>t the am<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nt and t<span class=\"_ _0\"></span>imin<span class=\"_ _0\"></span>g of the c<span class=\"_ _0\"></span>ash f<span class=\"_ _0\"></span>lows th<span class=\"_ _0\"></span>at </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs7a1\">aris<span class=\"_ _0\"></span>es from no<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>ial ris<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>. For the maj<span class=\"_ _0\"></span>ori<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y of risks<span class=\"_ _0\"></span>, the Grou<span class=\"_ _0\"></span>p\u2019s view on the co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n requi<span class=\"_ _0\"></span>red for no<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al risks is de<span class=\"_ _0\"></span>termi<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>d with </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 lsd ws7f gs7a2\">referen<span class=\"_ _0\"></span>ce to an <span class=\"_ _1\"></span>85th pe<span class=\"_ _0\"></span>rce<span class=\"_ _0\"></span>ntile co<span class=\"_ _0\"></span>nfi<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>nce leve<span class=\"_ _0\"></span>l (2023<span class=\"_ _0\"></span>: 85th perc<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ile), calcu<span class=\"_ _0\"></span>lated using a one<span class=\"_ _3\"></span>-yea<span class=\"_ _0\"></span>r V<span class=\"_ _1\"></span>alue<span class=\"_ _3\"></span>-<span class=\"_ _0\"></span>at-<span class=\"_ _0\"></span>Risk (<span class=\"_ _0\"></span>VAR) measu<span class=\"_ _0\"></span>re. This V<span class=\"_ _1\"></span>A<span class=\"_ _0\"></span>R measure<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs7a3\">refle<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s the Grou<span class=\"_ _0\"></span>p\u2019s view on how non<span class=\"_ _3\"></span>-fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial ris<span class=\"_ _0\"></span>ks be<span class=\"_ _0\"></span>have (<span class=\"_ _1\"></span>risk dis<span class=\"_ _0\"></span>tri<span class=\"_ _0\"></span>bu<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s), diversif<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>cati<span class=\"_ _0\"></span>on of risks ac<span class=\"_ _0\"></span>ross th<span class=\"_ _0\"></span>e Group (risk co<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>latio<span class=\"_ _0\"></span>ns), and the </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs7a4\">cos<span class=\"_ _0\"></span>ts and be<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>s from rein<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e in plac<span class=\"_ _0\"></span>e (<span class=\"_ _1\"></span>risk mi<span class=\"_ _0\"></span>tiga<span class=\"_ _0\"></span>tion). This is con<span class=\"_ _0\"></span>sisten<span class=\"_ _0\"></span>t with how ris<span class=\"_ _0\"></span>ks are pric<span class=\"_ _0\"></span>ed for an<span class=\"_ _0\"></span>d manag<span class=\"_ _0\"></span>ed ac<span class=\"_ _0\"></span>ross th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p. </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs7a5\">Wh<span class=\"_ _0\"></span>ere the Gr<span class=\"_ _0\"></span>oup has le<span class=\"_ _0\"></span>ss app<span class=\"_ _0\"></span>eti<span class=\"_ _0\"></span>te for a <span class=\"_ _1\"></span>ris<span class=\"_ _0\"></span>k (<span class=\"_ _1\"></span>and req<span class=\"_ _0\"></span>uires pr<span class=\"_ _0\"></span>opo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>lly high<span class=\"_ _0\"></span>er c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n) a <span class=\"_ _1\"></span>high<span class=\"_ _0\"></span>er co<span class=\"_ _0\"></span>nfi<span class=\"_ _0\"></span>den<span class=\"_ _0\"></span>ce le<span class=\"_ _0\"></span>vel is used<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e calc<span class=\"_ _0\"></span>ulati<span class=\"_ _0\"></span>on </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs7a6\">uses a ca<span class=\"_ _0\"></span>pita<span class=\"_ _0\"></span>l basis app<span class=\"_ _0\"></span>ropr<span class=\"_ _0\"></span>iate for the terr<span class=\"_ _0\"></span>itor<span class=\"_ _3\"></span>y<span class=\"_ _1\"></span>, the t<span class=\"_ _0\"></span>yp<span class=\"_ _0\"></span>e of busines<span class=\"_ _0\"></span>s, an<span class=\"_ _0\"></span>d how it is pric<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>. A one pe<span class=\"_ _0\"></span>rce<span class=\"_ _0\"></span>ntil<span class=\"_ _0\"></span>e incre<span class=\"_ _0\"></span>ase in the o<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>ye<span class=\"_ _0\"></span>ar conf<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ce </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs7a7\">level wou<span class=\"_ _0\"></span>ld inc<span class=\"_ _0\"></span>rease th<span class=\"_ _0\"></span>e com<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nsati<span class=\"_ _0\"></span>on targ<span class=\"_ _0\"></span>eted by c<span class=\"_ _0\"></span>\u00a34<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>m (2023<span class=\"_ _0\"></span>: c\u00a35<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>m).<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs7a8\">We have estimated th<span class=\"_ _0\"></span>e equi<span class=\"_ _0\"></span>vale<span class=\"_ _0\"></span>nt conf<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ce leve<span class=\"_ _0\"></span>l for the enti<span class=\"_ _0\"></span>re Group o<span class=\"_ _0\"></span>n a multi<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>year ba<span class=\"_ _0\"></span>sis, us<span class=\"_ _0\"></span>ing a weigh<span class=\"_ _0\"></span>ted averag<span class=\"_ _0\"></span>e of the key risks. Ove<span class=\"_ _0\"></span>rall<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs7a9\">the<span class=\"_ gsec\"> </span>G<span class=\"_ _0\"></span>roup ri<span class=\"_ _0\"></span>sk adjus<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt as at 31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ber 2<span class=\"_ _0\"></span>024 is align<span class=\"_ _0\"></span>ed to a 75th perce<span class=\"_ _0\"></span>ntile mu<span class=\"_ _0\"></span>lti<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>yea<span class=\"_ _0\"></span>r conf<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>e level (20<span class=\"_ _0\"></span>23<span class=\"_ _0\"></span>: 75th perc<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ile) over the full </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs7aa\">run<span class=\"_ _0\"></span>of<span class=\"_ _0\"></span>f of the por<span class=\"_ _3\"></span>tfolio<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs7ab\">Th<span class=\"_ _0\"></span>e Group c<span class=\"_ _0\"></span>alc<span class=\"_ _0\"></span>ulates its Ris<span class=\"_ _0\"></span>k Adjus<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt at cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t level usi<span class=\"_ _0\"></span>ng a Provisi<span class=\"_ _0\"></span>on for Adve<span class=\"_ _0\"></span>rse D<span class=\"_ _0\"></span>eviati<span class=\"_ _0\"></span>ons (PAD<span class=\"_ _0\"></span>s) <span class=\"_ _1\"></span>app<span class=\"_ _0\"></span>roac<span class=\"_ _0\"></span>h, wh<span class=\"_ _0\"></span>ere adju<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ents are<span class=\"_ _0\"></span> </div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs7ac\">appl<span class=\"_ _0\"></span>ied to b<span class=\"_ _0\"></span>est es<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>ate non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial r<span class=\"_ _0\"></span>isk as<span class=\"_ _0\"></span>sum<span class=\"_ _0\"></span>ption<span class=\"_ _0\"></span>s to calc<span class=\"_ _0\"></span>ulate the r<span class=\"_ _0\"></span>isk ad<span class=\"_ _0\"></span>just<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt req<span class=\"_ _0\"></span>uire<span class=\"_ _0\"></span>d over an<span class=\"_ _0\"></span>d above th<span class=\"_ _0\"></span>e be<span class=\"_ _0\"></span>st es<span class=\"_ _0\"></span>timate lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y for </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs7ad\">eac<span class=\"_ _0\"></span>h cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t. T<span class=\"_ _0\"></span>hes<span class=\"_ _0\"></span>e adjust<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts (which var<span class=\"_ _3\"></span>y by <span class=\"_ _1\"></span>ris<span class=\"_ _0\"></span>k) are calib<span class=\"_ _0\"></span>rated su<span class=\"_ _0\"></span>ch that th<span class=\"_ _0\"></span>e total Group Risk Ad<span class=\"_ _0\"></span>just<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t calc<span class=\"_ _0\"></span>ulated ali<span class=\"_ _0\"></span>gns to the Grou<span class=\"_ _0\"></span>p\u2019s </div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs7ae\">view of c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pen<span class=\"_ _0\"></span>satio<span class=\"_ _0\"></span>n for no<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>ial r<span class=\"_ _0\"></span>isks de<span class=\"_ _0\"></span>term<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d wit<span class=\"_ _0\"></span>h referen<span class=\"_ _0\"></span>ce to the 8<span class=\"_ _0\"></span>5th p<span class=\"_ _0\"></span>erc<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ile (as desc<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>bove) and the R<span class=\"_ _0\"></span>isk Ad<span class=\"_ _0\"></span>just<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t at </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs7af\">con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>t level is rep<span class=\"_ _0\"></span>rese<span class=\"_ _0\"></span>ntati<span class=\"_ _0\"></span>ve of the com<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nsati<span class=\"_ _0\"></span>on req<span class=\"_ _0\"></span>uire<span class=\"_ _0\"></span>d by Group for that co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>.</div>",
   "dimensions": {
    "concept": "legalandgeneral:DisclosureOfLongTermInsuranceValuationAssumptions",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-600": {
   "value": "<div class=\"t m2 he ff1 fs8 fc2 sc0 lsa5 wsaa gs7b1\">20<span class=\"ls8d ws0\"> <span class=\"_ _2d\"> </span>IF<span class=\"_ _0\"></span>R<span class=\"_ _0\"></span>S sensi<span class=\"_ _1\"></span>tivity a<span class=\"_ _0\"></span>nalysis<span class=\"_ _3b2\"> </span></span></div><div class=\"gs606\"><table class=\"s w2ce h171\" id=\"_7820702f-27cc-4f40-9d88-3ad80667c0da\"><tr><td></td><td class=\"t m2 x7c3 h13 y443f ff6 fs9 fc1 sc0 ls18 ws32\">Im<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t on </td><td></td><td class=\"t m2 xac0 h13 y443f ff6 fs9 fc1 sc0 ls18 ws32\">Im<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t on </td><td class=\"t m2 x433 h13 y443f ff6 fs9 fc1 sc0 ls18 ws32\">Im<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t on </td><td></td><td></td></tr><tr><td></td><td class=\"t m2 xac1 h13 y4440 ff5 fs9 fc1 sc0 ls3d ws86\">post-tax<span class=\"_ _1\"></span> Group </td><td class=\"t m2 x95c h13 y4440 ff6 fs9 fc1 sc0 ls18 ws32\">Im<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t on </td><td class=\"t m2 x4e6 h13 y4440 ff5 fs9 fc1 sc0 ls3d ws86\">post-tax<span class=\"_ _1\"></span> Group </td><td class=\"t m2 xac2 h13 y4440 ff6 fs9 fc1 sc0 ls3d ws131\">Group<span class=\"_ gs6da\"> </span><span class=\"_ _1\"></span>equity </td><td></td><td></td></tr><tr><td></td><td class=\"t m2 xa4e h13 y4441 ff5 fs9 fc1 sc0 ls3d ws86\">profit arising<span class=\"_ _1\"></span> </td><td class=\"t m2 x45c h13 y4441 ff6 fs9 fc1 sc0 ls3d ws131\">Group<span class=\"_ gs6da\"> </span><span class=\"_ _1\"></span>equity </td><td class=\"t m2 xac3 h13 y4441 ff5 fs9 fc1 sc0 ls3d ws86\">profit arising<span class=\"_ _1\"></span> </td><td class=\"t m2 x42e h13 y4441 ff5 fs9 fc1 sc0 ls115 ws121\">arising from </td><td class=\"t m2 x27f h13 y4441 ff5 fs9 fc1 sc0 ls18 ws0\">Ne<span class=\"_ _0\"></span>t im<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t o<span class=\"_ _0\"></span>n </td><td></td></tr><tr><td></td><td class=\"t m2 x7be h13 y4442 ff5 fs9 fc1 sc0 ls38 ws3b\">from financial </td><td class=\"t m2 xac4 h13 y4442 ff5 fs9 fc1 sc0 ls115 ws121\">arising from </td><td class=\"t m2 x4e6 h13 y4442 ff5 fs9 fc1 sc0 ls3d ws86\">from insurance </td><td class=\"t m2 x433 h13 y4442 ff5 fs9 fc1 sc0 ls3d ws131\">insurance </td><td class=\"t m2 x1c6 h13 y4442 ff5 fs9 fc1 sc0 lsee wsf5\">po<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t-ta<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span> </td><td class=\"t m2 xac5 h13 y4442 ff5 fs9 fc1 sc0 ls18 ws0\">Ne<span class=\"_ _0\"></span>t im<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t o<span class=\"_ _0\"></span>n </td></tr><tr><td></td><td class=\"t m2 x283 h13 y4443 ff5 fs9 fc1 sc0 ls3c ws11e\">assets<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x5ef h13 y4443 ff5 fs9 fc1 sc0 ls3c ws4c\">financial<span class=\"_ _1\"></span> assets<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xac6 h13 y4443 ff5 fs9 fc1 sc0 ls37 ws7\">contracts<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x433 h13 y4443 ff5 fs9 fc1 sc0 ls37 ws7\">contracts<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xac7 h13 y4443 ff6 fs9 fc1 sc0 ls3d ws131\">Group<span class=\"_ gs6da\"> </span><span class=\"_ _1\"></span>profit </td><td class=\"t m2 x8d4 h13 y4443 ff5 fs9 fc1 sc0 ls3d ws86\">Group equity<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 xac8 h13 y4444 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xac9 h13 y4444 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xaca h13 y4444 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xacb h13 y4444 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x326 h13 y4444 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 h13 y4444 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 h13 y4445 ff6 fs9 fc1 sc0 ls3b ws45\">Economic <span class=\"_ _1\"></span>sensitivity<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xacc h13 y4445 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xacd h13 y4445 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x286 h13 y4445 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x5ae h13 y4445 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x32b h13 y4445 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 h13 y4445 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 hb y4446 ff6 fs6 fc1 sc0 ls56 ws55\">Lo<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>-te<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>m ins<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e, ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r Gr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>up as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s and ob<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>ga<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ns<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y43b7 w2cf h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">100<span class=\"_ _0\"></span>bps i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>rea<span class=\"_ _0\"></span>se in i<span class=\"_ _0\"></span>nter<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ates<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xace y43b7 w33 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(5,153)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xacf y43b7 w33 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(5,400)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xad0 y43b7 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">4,975<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xad1 y43b7 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">5,140<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xad2 y43b7 w3a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(178)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xad3 y43b7 w3a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(260)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41d1 w2d0 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">100<span class=\"_ _0\"></span>bps d<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>ase i<span class=\"_ _0\"></span>n inte<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>t rates<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xad4 y41d1 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">6,053<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xad5 y41d1 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">6,369<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xad6 y41d1 w33 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(5,910)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xad7 y41d1 w33 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(6,119)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xad8 y41d1 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">143<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xad9 y41d1 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">250<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4304 w2d1 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">50<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>ps in<span class=\"_ _0\"></span>cr<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>e in fu<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>re inf<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n exp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>cta<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xada y4304 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">1,630<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xadb y4304 w2d2 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">1,680<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xadc y4304 w33 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(1,540)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xadd y4304 w33 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(1,508)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xade y4304 w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">90<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xadf y4304 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">172<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40be w2d3 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">50<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>ps d<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>rea<span class=\"_ _0\"></span>se in f<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>ure i<span class=\"_ _0\"></span>nfl<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ons<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xae0 y40be w33 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(1,496)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xae1 y40be w33 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(1,540)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xae2 y40be w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">1,499<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xae3 y40be w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">1,469<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xae4 y40be wa8 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xae5 y40be waf h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(71)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4305 w2d4 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Cre<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t spr<span class=\"_ _0\"></span>ead<span class=\"_ _0\"></span>s wid<span class=\"_ _0\"></span>en by 10<span class=\"_ _0\"></span>0b<span class=\"_ _0\"></span>ps wi<span class=\"_ _0\"></span>th n<span class=\"_ _0\"></span>o ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e in e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted d<span class=\"_ _0\"></span>efau<span class=\"_ _0\"></span>lts<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xae6 y4305 w33 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(3,449)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xae7 y4305 w33 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(3,475)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xae8 y4305 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">3,308<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xae9 y4305 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">3,459<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xaea y4305 w3a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(141)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xaeb y4305 w41 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(16)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4198 w2d5 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">25% ris<span class=\"_ _0\"></span>e in equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y mar<span class=\"_ _0\"></span>kets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xaec y4198 w4a h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">323<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xaed y4198 w2d6 h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">323<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xaee y4198 wa5 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xaef y4198 wa5 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xaf0 y4198 w4a h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">323<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xaf1 y4198 w4a h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">323<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4199 w2d7 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">25% fall in eq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>ty ma<span class=\"_ _0\"></span>rke<span class=\"_ _0\"></span>ts<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xaf2 y4199 w3a h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(323)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xaf3 y4199 w2d8 h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(323)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xaf4 y4199 wa5 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xaf5 y4199 wa6 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xaf6 y4199 w3a h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(323)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xaf7 y4199 w3a h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(323)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4447 w2d9 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1<span class=\"_ _1\"></span>5% ris<span class=\"_ _0\"></span>e in prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ty valu<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xaf8 y4447 w4a h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">975<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xaf9 y4447 w4a h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">975<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xafa y4447 w41 h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(19)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xafb y4447 w41 h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(19)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xafc y4447 w4a h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">956<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xafd y4447 w4a h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">956<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4448 w2da h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1<span class=\"_ _1\"></span>5% fall in pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y valu<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xafe y4448 w33 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(1,078)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xaff y4448 w33 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(1,078)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb00 y4448 w70 h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">95<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb01 y4448 w7b h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">95<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb02 y4448 w3a h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(983)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5b4 y4448 w3a h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(983)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4158 w2db h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">10bps i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>rea<span class=\"_ _0\"></span>se in c<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>dit d<span class=\"_ _0\"></span>efa<span class=\"_ _0\"></span>ult a<span class=\"_ _0\"></span>ssu<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb03 y4158 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb04 y4158 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb05 y4158 w3a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(408)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb06 y4158 w3a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(426)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb07 y4158 w3a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(408)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x48a y4158 w3a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(426)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w2dc h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">10bps d<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>ase i<span class=\"_ _0\"></span>n cre<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t def<span class=\"_ _0\"></span>aul<span class=\"_ _0\"></span>t ass<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>ns<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb08 y40ae wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb09 y40ae wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb0a y40ae w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">373<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb0b y40ae w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">388<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb0c y40ae w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">373<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb0d y40ae w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">388<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"gs7b2\"><table class=\"s w64 h172\" id=\"_1b419961-d402-454c-8c8b-2fea74b89bba\"><tr><td></td><td class=\"t m2 x6c1 hf y4449 ff3 fs9 fc1 sc0 ls168 ws123\">Impact on </td><td></td><td class=\"t m2 xac0 hf y4449 ff3 fs9 fc1 sc0 ls168 ws123\">Impact on </td><td class=\"t m2 x433 hf y4449 ff3 fs9 fc1 sc0 ls168 ws123\">Impact on </td><td></td><td></td></tr><tr><td></td><td class=\"t m2 xa6f hf y444a ff3 fs9 fc1 sc0 ls115 ws121\">post-tax Group </td><td class=\"t m2 xb0e hf y444a ff3 fs9 fc1 sc0 ls168 ws123\">Impact on </td><td class=\"t m2 x866 hf y444a ff3 fs9 fc1 sc0 ls115 ws121\">post-tax Group </td><td class=\"t m2 xb0f h10 y444a ff4 fs9 fc1 sc0 ls18 ws32\">Gro<span class=\"_ _0\"></span>up<span class=\"_ gs6db\"> </span>e<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> </td><td></td><td></td></tr><tr><td></td><td class=\"t m2 x27a hf y444b ff3 fs9 fc1 sc0 ls187 ws41\">profit arising </td><td class=\"t m2 x7c4 h10 y444b ff4 fs9 fc1 sc0 ls18 ws32\">Gro<span class=\"_ _0\"></span>up<span class=\"_ gs6db\"> </span>e<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> </td><td class=\"t m2 xb10 hf y444b ff3 fs9 fc1 sc0 ls187 ws41\">profit arising </td><td class=\"t m2 x431 hf y444b ff3 fs9 fc1 sc0 ls187 ws41\">arising from </td><td class=\"t m2 x94c hf y444b ff3 fs9 fc1 sc0 ls1 ws16\">Net impact on </td><td></td></tr><tr><td></td><td class=\"t m2 xb11 hf y444c ff3 fs9 fc1 sc0 ls1 ws16\">from financial </td><td class=\"t m2 xb12 hf y444c ff3 fs9 fc1 sc0 ls187 ws41\">arising from </td><td class=\"t m2 x430 hf y444c ff3 fs9 fc1 sc0 ls1 ws16\">from insurance </td><td class=\"t m2 x433 hf y444c ff3 fs9 fc1 sc0 ls187 ws19c\">insurance </td><td class=\"t m2 x49a hf y444c ff3 fs9 fc1 sc0 ls37 ws7\">post-t<span class=\"_ _1\"></span>ax </td><td class=\"t m2 xb13 hf y444c ff3 fs9 fc1 sc0 ls1 ws16\">Net impact on </td></tr><tr><td></td><td class=\"t m2 x283 hf y444d ff3 fs9 fc1 sc0 ls111 wsc0\">assets<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x27b hf y444d ff3 fs9 fc1 sc0 ls1 ws16\">financial assets<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xac6 hf y444d ff3 fs9 fc1 sc0 ls1b ws1f\">contracts<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x95e hf y444d ff3 fs9 fc1 sc0 ls1b ws1f\">contracts<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x288 h10 y444d ff4 fs9 fc1 sc0 ls18 ws32\">Gro<span class=\"_ _0\"></span>up<span class=\"_ gs6db\"> </span>p<span class=\"_ _0\"></span>rof<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t </td><td class=\"t m2 xb14 hf y444d ff3 fs9 fc1 sc0 ls18 ws0\">Gro<span class=\"_ _0\"></span>up e<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 xac8 hf y444e ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xac9 hf y444e ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x461 hf y444e ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xb15 hf y444e ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x326 hf y444e ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y444e ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 hf y444f ff3 fs9 fc1 sc0 ls3b ws4d\">Economic<span class=\"_ _1\"></span> sensitivity<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xacc hf y444f ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xacd hf y444f ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x286 hf y444f ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x5ae hf y444f ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x32b hf y444f ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y444f ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 hc y4450 ff4 fs6 fc1 sc0 ls56 ws55\">Lon<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>m insur<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>, othe<span class=\"_ _0\"></span>r Grou<span class=\"_ _0\"></span>p asse<span class=\"_ _0\"></span>ts and ob<span class=\"_ _0\"></span>lig<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y40bb w2cf h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">100<span class=\"_ _0\"></span>bps i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>rea<span class=\"_ _0\"></span>se in i<span class=\"_ _0\"></span>nter<span class=\"_ _0\"></span>est r<span class=\"_ _0\"></span>ates<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb16 y40bb w34 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(5,909)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb17 y40bb w34 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(6,151)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb18 y40bb w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5,713<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb19 y40bb w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5,892<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb1a y40bb w3b h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(196)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb1b y40bb w3b h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(259)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40bc w2d0 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">100<span class=\"_ _0\"></span>bps d<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>ase i<span class=\"_ _0\"></span>n inte<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>t rates<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb1c y40bc wc5 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">6,999<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb1d y40bc w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">7,318<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb1e y40bc w34 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(6,919)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb1f y40bc w34 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(7,147)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb20 y40bc w39 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">80<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1ed y40bc w4b h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">171<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4357 w2d1 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">50<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>ps in<span class=\"_ _0\"></span>cr<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>e in fu<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>re inf<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n exp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>cta<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb21 y4357 wc5 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,778<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb22 y4357 wc5 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,814<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb23 y4357 w34 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(1,831)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb24 y4357 w34 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(1,801)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb25 y4357 w71 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(53)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb26 y4357 w39 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">13<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4451 w2d3 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">50<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>ps d<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>rea<span class=\"_ _0\"></span>se in f<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>ure i<span class=\"_ _0\"></span>nfl<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ons<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb27 y4451 w34 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(1,620)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb28 y4451 w34 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(1,652)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb29 y4451 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,732<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb2a y4451 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,707<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb2b y4451 w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">112<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb2c y4451 w39 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">55<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4359 w2d4 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Cre<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t spr<span class=\"_ _0\"></span>ead<span class=\"_ _0\"></span>s wid<span class=\"_ _0\"></span>en by 10<span class=\"_ _0\"></span>0b<span class=\"_ _0\"></span>ps wi<span class=\"_ _0\"></span>th n<span class=\"_ _0\"></span>o ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e in e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted d<span class=\"_ _0\"></span>efau<span class=\"_ _0\"></span>lts<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb2d y4359 w34 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(4,193)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb2e y4359 w34 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(4,216)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb2f y4359 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">4,041<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb30 y4359 w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">4,206<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb31 y4359 w3b h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(152)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb32 y4359 w71 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(10)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y435a w2d5 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">25% ris<span class=\"_ _0\"></span>e in equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y mar<span class=\"_ _0\"></span>kets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb33 y435a w153 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">297<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb34 y435a w153 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">297<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb35 y435a wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb36 y435a wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb37 y435a w4b h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">297<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb38 y435a w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">297<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4199 w2d7 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">25% fall in eq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>ty ma<span class=\"_ _0\"></span>rke<span class=\"_ _0\"></span>ts<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb39 y4199 w3b h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(297)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb3a y4199 wc6 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(297)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x2d2 y4199 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb3b y4199 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb3c y4199 w3b h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(297)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb3d y4199 w3b h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(297)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y435b w2d9 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1<span class=\"_ _1\"></span>5% ris<span class=\"_ _0\"></span>e in prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ty valu<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb3e y435b wc5 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,155<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb3f y435b wc5 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,155<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb40 y435b w5a h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(25)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb41 y435b w5a h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(25)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x223 y435b w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,130<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb42 y435b w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,130<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4448 w2da h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1<span class=\"_ _1\"></span>5% fall in pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y valu<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb43 y4448 w34 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(1,276)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb44 y4448 w34 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(1,276)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb45 y4448 w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">102<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb46 y4448 w4b h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">102<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb47 y4448 w34 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(1,174)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb48 y4448 w34 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(1,174)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ac w2db h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">10bps i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>rea<span class=\"_ _0\"></span>se in c<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>dit d<span class=\"_ _0\"></span>efa<span class=\"_ _0\"></span>ult a<span class=\"_ _0\"></span>ssu<span class=\"_ _0\"></span>mpt<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb49 y40ac wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb4a y40ac wbf h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb4b y40ac w4d h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(494)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb4c y40ac w3b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(514)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x662 y40ac w3b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(494)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb4d y40ac w3b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(514)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w2dc h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">10bps d<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>ase i<span class=\"_ _0\"></span>n cre<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t def<span class=\"_ _0\"></span>aul<span class=\"_ _0\"></span>t ass<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>ns<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb4e y40ae wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb4f y40ae wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb50 y40ae w4b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">455<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb51 y40ae w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">471<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb52 y40ae w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">455<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x233 y40ae w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">471<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"gs7b3\"><table class=\"s w2dd h173\" id=\"_c313b3f9-c747-4fc1-b5cf-77be9b04f9ac\"><tr><td></td><td class=\"t m2 x324 h13 y4452 ff6 fs9 fc1 sc0 ls18 ws32\">Im<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t on<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x7bf h13 y4452 ff6 fs9 fc1 sc0 ls18 ws32\">Im<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t on po<span class=\"_ _0\"></span>st-<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>x </td><td class=\"t m2 xb53 h13 y4452 ff6 fs9 fc1 sc0 ls18 ws32\">Im<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t on </td></tr><tr><td></td><td class=\"t m2 x637 h13 y4453 ff5 fs9 fc1 sc0 ls35 ws3c\">CSM<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xb54 h13 y4453 ff5 fs9 fc1 sc0 ls3d ws86\">Group profit<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x8d4 h13 y4453 ff6 fs9 fc1 sc0 ls3d ws131\">Group<span class=\"_ gs6da\"> </span><span class=\"_ _1\"></span>equity<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x431 h13 y4454 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c6 h13 y4454 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 h13 y4454 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 h13 y4455 ff6 fs9 fc1 sc0 ls3b ws45\">Non-economic sensitivity </td><td class=\"t m2 x433 h13 y4455 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 h13 y4455 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 h13 y4455 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 hb y4456 ff5 fs6 fc1 sc0 ls1 ws23\">Long-term insurance<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y40be w2de h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1<span class=\"_ _1\"></span>% incr<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>e in annui<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>nt mor<span class=\"_ _3\"></span>tali<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, gross of reins<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb55 y40be w4a h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">370<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb56 y40be w41 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(74)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb57 y40be w41 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(74)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40bf w2df h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1<span class=\"_ _1\"></span>% incr<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>e in annui<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>nt mor<span class=\"_ _3\"></span>tali<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, net of reinsu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb58 y40bf w4a h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">184<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb59 y40bf w41 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(36)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x2e4 y40bf w41 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(36)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c0 w2e0 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1<span class=\"_ _1\"></span>% dec<span class=\"_ _0\"></span>rea<span class=\"_ _0\"></span>se in annu<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ant mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>ty, gros<span class=\"_ _0\"></span>s of reinsu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb5a y40c0 w3a h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(374)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb5b y40c0 w7b h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">75<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6b5 y40c0 w7b h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">75<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c1 w2e1 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1<span class=\"_ _1\"></span>% dec<span class=\"_ _0\"></span>rea<span class=\"_ _0\"></span>se in annu<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ant mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>ty, net of reins<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb5c y40c1 w3a h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(185)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb5d y40c1 w70 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">37<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x524 y40c1 w7b h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">37<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c2 w2e2 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5% in<span class=\"_ _0\"></span>cre<span class=\"_ _0\"></span>ase in ass<span class=\"_ _0\"></span>ura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e mor<span class=\"_ _3\"></span>tali<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, gross of reins<span class=\"_ _0\"></span>ura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb5e y40c2 w3a h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(629)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb5f y40c2 w3a h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(400)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x48a y40c2 w3a h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(281)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w2e3 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5% in<span class=\"_ _0\"></span>cre<span class=\"_ _0\"></span>ase in ass<span class=\"_ _0\"></span>ura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e mor<span class=\"_ _3\"></span>tali<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, net of <span class=\"_ _1\"></span>rei<span class=\"_ _0\"></span>nsu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb60 y4121 w3a h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(346)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb61 y4121 w41 h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(92)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb62 y4121 w41 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(65)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ac w2e4 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">10% incr<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>e in mainte<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>ce ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nse<span class=\"_ _0\"></span>s, gro<span class=\"_ _0\"></span>ss of reins<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb63 y40ac w3a h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(158)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb64 y40ac w6d h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(7)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb65 y40ac wa6 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w2e5 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">10% incr<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>e in mainte<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>ce ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nse<span class=\"_ _0\"></span>s, ne<span class=\"_ _0\"></span>t of reinsu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb66 y40ae w3a h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(155)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb64 y40ae w6d h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(6)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x69a y40ae w59 h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"gs7b4\"><table class=\"s w2e6 h174\" id=\"_1207bc7e-26ba-44a8-9ab6-38fe0661393d\"><tr><td></td><td class=\"t m2 x324 hf y4457 ff3 fs9 fc1 sc0 ls168 ws123\">Impact on<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xb67 hf y4457 ff3 fs9 fc1 sc0 ls168 ws123\">Impact on post-tax </td><td class=\"t m2 xb53 hf y4457 ff3 fs9 fc1 sc0 ls168 ws123\">Impact on </td></tr><tr><td></td><td class=\"t m2 xb68 hf y4458 ff3 fs9 fc1 sc0 ls42 ws4b\">CSM<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x42c hf y4458 ff3 fs9 fc1 sc0 ls45 ws9\">Group prof<span class=\"_ _0\"></span>it<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xb14 h10 y4458 ff4 fs9 fc1 sc0 ls18 ws32\">Gro<span class=\"_ _0\"></span>up<span class=\"_ gs6db\"> </span>e<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x637 hf y4459 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c6 hf y4459 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y4459 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 hf y445a ff3 fs9 fc1 sc0 ls3b ws4d\">Non-<span class=\"_ _0\"></span>economic sens<span class=\"_ _1\"></span>itivity </td><td class=\"t m2 x433 hf y445a ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 hf y445a ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y445a ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 h1a y445b ff3 fs6 fc1 sc0 ls55 ws59\">Long<span class=\"_ _0\"></span>-term insurance<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y445c w2de h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1<span class=\"_ _1\"></span>% incr<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>e in annui<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>nt mor<span class=\"_ _3\"></span>tali<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, gross of reins<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb55 y445c w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">352<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb69 y445c w71 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(52)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb6a y445c w71 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(52)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y414b w2df h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1<span class=\"_ _1\"></span>% incr<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>e in annui<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>nt mor<span class=\"_ _3\"></span>tali<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, net of reinsu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb6b y414b w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">181<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb6c y414b w71 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(26)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb6d y414b w71 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(26)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y445d w2e0 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1<span class=\"_ _1\"></span>% dec<span class=\"_ _0\"></span>rea<span class=\"_ _0\"></span>se in annu<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ant mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>ty, gros<span class=\"_ _0\"></span>s of reinsu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x644 y445d w3b h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(357)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb6e y445d w39 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">52<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb6f y445d w39 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">52<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40e6 w2e1 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1<span class=\"_ _1\"></span>% dec<span class=\"_ _0\"></span>rea<span class=\"_ _0\"></span>se in annu<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ant mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>ty, net of reins<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb70 y40e6 w3b h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(183)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb71 y40e6 w39 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">27<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb72 y40e6 w39 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">27<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y445e w2e2 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5% in<span class=\"_ _0\"></span>cre<span class=\"_ _0\"></span>ase in ass<span class=\"_ _0\"></span>ura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e mor<span class=\"_ _3\"></span>tali<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, gross of reins<span class=\"_ _0\"></span>ura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb73 y445e w4d h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(591)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb74 y445e w3b h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(395)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb75 y445e w3b h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(308)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40e8 w2e3 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5% in<span class=\"_ _0\"></span>cre<span class=\"_ _0\"></span>ase in ass<span class=\"_ _0\"></span>ura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e mor<span class=\"_ _3\"></span>tali<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, net of <span class=\"_ _1\"></span>rei<span class=\"_ _0\"></span>nsu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb76 y40e8 w3b h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(307)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb77 y40e8 w71 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(95)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x208 y40e8 w5a h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(81)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ac w2e4 h175\"><div class=\"t m2 x1ca hc y445f ff4 fs6 fc1 sc0 ls56 ws55\">10% incr<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>e in mainte<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>ce ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nse<span class=\"_ _0\"></span>s, gro<span class=\"_ _0\"></span>ss of reins<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb78 y40ac w4d h176\"><div class=\"t m2 x1ca hc y445f ff3 fs6 fc1 sc0 ls56 ws55\">(140)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb79 y40ac w6a h176\"><div class=\"t m2 x1ca hc y445f ff3 fs6 fc1 sc0 ls56 ws55\">(3)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb7a y40ac w50 h176\"><div class=\"t m2 x1ca hc y445f ff3 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w2e5 h175\"><div class=\"t m2 x1ca hc y445f ff4 fs6 fc1 sc0 ls56 ws55\">10% incr<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>e in mainte<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>ce ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nse<span class=\"_ _0\"></span>s, ne<span class=\"_ _0\"></span>t of reinsu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb7b y40ae w3b h176\"><div class=\"t m2 x1ca hc y445f ff3 fs6 fc1 sc0 ls56 ws55\">(137)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb7c y40ae w6a h176\"><div class=\"t m2 x1ca hc y445f ff3 fs6 fc1 sc0 ls56 ws55\">(4)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb7d y40ae w50 h176\"><div class=\"t m2 x1ca hc y445f ff3 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs7b6\">Th<span class=\"_ _0\"></span>e eco<span class=\"_ _0\"></span>no<span class=\"_ _0\"></span>mic se<span class=\"_ _0\"></span>nsit<span class=\"_ _0\"></span>ivi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y tabl<span class=\"_ _0\"></span>es above sh<span class=\"_ _0\"></span>ow the impa<span class=\"_ _0\"></span>cts on G<span class=\"_ _0\"></span>roup po<span class=\"_ _0\"></span>st-<span class=\"_ _0\"></span>tax pr<span class=\"_ _0\"></span>ofi<span class=\"_ _0\"></span>t and equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y, net of reinsur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e, un<span class=\"_ _0\"></span>der ea<span class=\"_ _0\"></span>ch se<span class=\"_ _0\"></span>nsiti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y sce<span class=\"_ _0\"></span>nari<span class=\"_ _0\"></span>o. </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs7b7\">Th<span class=\"_ _0\"></span>e impa<span class=\"_ _0\"></span>cts on Gro<span class=\"_ _0\"></span>up po<span class=\"_ _0\"></span>st-t<span class=\"_ _0\"></span>ax prof<span class=\"_ _0\"></span>it an<span class=\"_ _0\"></span>d equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y arisi<span class=\"_ _0\"></span>ng fro<span class=\"_ _0\"></span>m fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial asse<span class=\"_ _0\"></span>ts and insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>acts are als<span class=\"_ _0\"></span>o shown se<span class=\"_ _0\"></span>paratel<span class=\"_ _0\"></span>y in the tab<span class=\"_ _0\"></span>les<span class=\"_ _0\"></span>. </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs7b8\">Th<span class=\"_ _0\"></span>e eco<span class=\"_ _0\"></span>no<span class=\"_ _0\"></span>mic se<span class=\"_ _0\"></span>nsit<span class=\"_ _0\"></span>ivi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y impa<span class=\"_ _0\"></span>cts cove<span class=\"_ _0\"></span>r lon<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>-ter<span class=\"_ _0\"></span>m insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce bus<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>ss and othe<span class=\"_ _0\"></span>r grou<span class=\"_ _0\"></span>p assets an<span class=\"_ _0\"></span>d obli<span class=\"_ _0\"></span>gatio<span class=\"_ _0\"></span>ns.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs7b9\">Th<span class=\"_ _0\"></span>e non<span class=\"_ _0\"></span>-<span class=\"_ _3\"></span>eco<span class=\"_ _0\"></span>no<span class=\"_ _0\"></span>mic se<span class=\"_ _0\"></span>nsi<span class=\"_ _0\"></span>tivi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y tabl<span class=\"_ _0\"></span>es above sh<span class=\"_ _0\"></span>ow the imp<span class=\"_ _0\"></span>acts o<span class=\"_ _0\"></span>n CS<span class=\"_ _0\"></span>M<span class=\"_ _0\"></span>, Grou<span class=\"_ _0\"></span>p post-<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>x profi<span class=\"_ _0\"></span>t and eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y, gross and ne<span class=\"_ _0\"></span>t of reinsur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e, un<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r each<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs7ba\">sens<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>vit<span class=\"_ _0\"></span>y sc<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ario<span class=\"_ _0\"></span>. The no<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ono<span class=\"_ _0\"></span>mic se<span class=\"_ _0\"></span>nsi<span class=\"_ _0\"></span>tivi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y impa<span class=\"_ _0\"></span>cts c<span class=\"_ _0\"></span>over lon<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>-te<span class=\"_ _0\"></span>rm insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce bu<span class=\"_ _0\"></span>sine<span class=\"_ _0\"></span>ss onl<span class=\"_ _0\"></span>y.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs7bb\">Th<span class=\"_ _0\"></span>e Group im<span class=\"_ _0\"></span>pac<span class=\"_ _0\"></span>ts may aris<span class=\"_ _0\"></span>e from asse<span class=\"_ _0\"></span>t and<span class=\"_ _0\"></span>/or liabilit<span class=\"_ _0\"></span>y move<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts und<span class=\"_ _0\"></span>er the se<span class=\"_ _0\"></span>nsi<span class=\"_ _0\"></span>tivi<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s. Th<span class=\"_ _0\"></span>e cur<span class=\"_ _0\"></span>rent dis<span class=\"_ _0\"></span>clo<span class=\"_ _0\"></span>sure ref<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>cts ma<span class=\"_ _0\"></span>nage<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>\u2019s view </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs7bc\">of<span class=\"_ gsec\"> </span>key risks in cur<span class=\"_ _0\"></span>rent e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>no<span class=\"_ _0\"></span>mic co<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs7bd\">Th<span class=\"_ _0\"></span>e stres<span class=\"_ _0\"></span>ses are assu<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>d to occu<span class=\"_ _0\"></span>r on the bala<span class=\"_ _0\"></span>nce sh<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>et date. Both C<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>M and cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nt year C<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>M releas<span class=\"_ _0\"></span>e into profi<span class=\"_ _0\"></span>t are assum<span class=\"_ _0\"></span>ed to be affe<span class=\"_ _0\"></span>cted<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs7be\">whe<span class=\"_ _0\"></span>n non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial ass<span class=\"_ _0\"></span>ump<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s are stress<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs7bf\">In calc<span class=\"_ _0\"></span>ulati<span class=\"_ _0\"></span>ng the al<span class=\"_ _0\"></span>tern<span class=\"_ _0\"></span>ative valu<span class=\"_ _0\"></span>es, all oth<span class=\"_ _0\"></span>er ass<span class=\"_ _0\"></span>umpti<span class=\"_ _0\"></span>ons are lef<span class=\"_ _3\"></span>t unch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>. In prac<span class=\"_ _0\"></span>tice<span class=\"_ _0\"></span>, imp<span class=\"_ _0\"></span>acts of the Gro<span class=\"_ _0\"></span>up\u2019s expe<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e may be cor<span class=\"_ _0\"></span>rel<span class=\"_ _0\"></span>ated.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs7c0\">Th<span class=\"_ _0\"></span>e sensi<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y anal<span class=\"_ _0\"></span>yses d<span class=\"_ _0\"></span>o not take into acco<span class=\"_ _0\"></span>unt man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt acti<span class=\"_ _0\"></span>ons tha<span class=\"_ _0\"></span>t coul<span class=\"_ _0\"></span>d be taken to reduc<span class=\"_ _0\"></span>e the im<span class=\"_ _0\"></span>pac<span class=\"_ _0\"></span>ts. Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p see<span class=\"_ _0\"></span>ks to activel<span class=\"_ _0\"></span>y </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs7c1\">mana<span class=\"_ _0\"></span>ge its ass<span class=\"_ _0\"></span>et and lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ty p<span class=\"_ _0\"></span>osi<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>. A chan<span class=\"_ _0\"></span>ge in mar<span class=\"_ _0\"></span>ket con<span class=\"_ _0\"></span>diti<span class=\"_ _0\"></span>ons may le<span class=\"_ _0\"></span>ad to chang<span class=\"_ _0\"></span>es in the asse<span class=\"_ _0\"></span>t allo<span class=\"_ _0\"></span>cati<span class=\"_ _0\"></span>on or ch<span class=\"_ _0\"></span>argin<span class=\"_ _0\"></span>g str<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>ture whic<span class=\"_ _0\"></span>h </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs7c2\">may<span class=\"_ gsec\"> </span>have a more<span class=\"_ _0\"></span>, or less<span class=\"_ _0\"></span>, sign<span class=\"_ _0\"></span>ifi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>nt impa<span class=\"_ _0\"></span>ct on th<span class=\"_ _0\"></span>e value of the liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es. T<span class=\"_ _0\"></span>he anal<span class=\"_ _0\"></span>ysis also ig<span class=\"_ _0\"></span>no<span class=\"_ _0\"></span>res any sec<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>d orde<span class=\"_ _0\"></span>r effe<span class=\"_ _0\"></span>cts of the ass<span class=\"_ _0\"></span>umpti<span class=\"_ _0\"></span>on </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs7c3\">cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>, incl<span class=\"_ _0\"></span>udin<span class=\"_ _0\"></span>g the poten<span class=\"_ _0\"></span>tial imp<span class=\"_ _0\"></span>act o<span class=\"_ _0\"></span>n the Grou<span class=\"_ _0\"></span>p asset an<span class=\"_ _0\"></span>d liabil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y pos<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>n and any se<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>nd ord<span class=\"_ _0\"></span>er tax ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>ts.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs7c4\">Th<span class=\"_ _0\"></span>e sensi<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y of profi<span class=\"_ _0\"></span>t and eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y to chan<span class=\"_ _0\"></span>ges in ass<span class=\"_ _0\"></span>umpti<span class=\"_ _0\"></span>ons may not b<span class=\"_ _0\"></span>e linea<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>. They sh<span class=\"_ _0\"></span>oul<span class=\"_ _0\"></span>d not be ex<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>lated to chang<span class=\"_ _0\"></span>es of a much </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs7c5\">larg<span class=\"_ _0\"></span>er<span class=\"_ gsec\"> </span>or<span class=\"_ _0\"></span>der.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs7c6\">Th<span class=\"_ _0\"></span>e cha<span class=\"_ _0\"></span>nge i<span class=\"_ _0\"></span>n interes<span class=\"_ _0\"></span>t rate stre<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s assu<span class=\"_ _0\"></span>me a 100 bp<span class=\"_ _0\"></span>s inc<span class=\"_ _0\"></span>rease<span class=\"_ _0\"></span>/decre<span class=\"_ _0\"></span>ase in t<span class=\"_ _0\"></span>he gro<span class=\"_ _0\"></span>ss red<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>n yie<span class=\"_ _0\"></span>ld on f<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>xed intere<span class=\"_ _0\"></span>st se<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>rit<span class=\"_ _0\"></span>ies tog<span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span>er </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs7c7\">with<span class=\"_ gsec\"> </span>t<span class=\"_ _0\"></span>he sam<span class=\"_ _0\"></span>e chan<span class=\"_ _0\"></span>ge in the rea<span class=\"_ _0\"></span>l yiel<span class=\"_ _0\"></span>ds on vari<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e secu<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>. Interes<span class=\"_ _0\"></span>t rates used to disc<span class=\"_ _0\"></span>ount lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ties are ass<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ed to move in line with ma<span class=\"_ _0\"></span>rket </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs7c8\">yie<span class=\"_ _0\"></span>lds<span class=\"_ _0\"></span>, adjus<span class=\"_ _0\"></span>ted to remove risks in th<span class=\"_ _0\"></span>e asset refere<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e por<span class=\"_ _3\"></span>tfoli<span class=\"_ _0\"></span>os that are not pre<span class=\"_ _0\"></span>sent in th<span class=\"_ _0\"></span>e liabili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s calc<span class=\"_ _0\"></span>ulated in a man<span class=\"_ _0\"></span>ner c<span class=\"_ _0\"></span>onsi<span class=\"_ _0\"></span>stent wit<span class=\"_ _0\"></span>h the </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs7c9\">base resu<span class=\"_ _0\"></span>lts<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs7ca\">Th<span class=\"_ _0\"></span>e inflat<span class=\"_ _0\"></span>ion st<span class=\"_ _0\"></span>resse<span class=\"_ _0\"></span>s adop<span class=\"_ _0\"></span>ted are a 0.5% per an<span class=\"_ _0\"></span>num (<span class=\"_ _0\"></span>p.a<span class=\"_ _0\"></span>.) <span class=\"_ _1\"></span>inc<span class=\"_ _0\"></span>reas<span class=\"_ _0\"></span>e/dec<span class=\"_ _0\"></span>rease in inf<span class=\"_ _0\"></span>latio<span class=\"_ _0\"></span>n, re<span class=\"_ _0\"></span>sult<span class=\"_ _0\"></span>ing in a 0.5% p.a<span class=\"_ _0\"></span>. redu<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>/rise in real yi<span class=\"_ _0\"></span>eld an<span class=\"_ _0\"></span>d </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs7cb\">no<span class=\"_ gsec\"> </span>ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e to the nomin<span class=\"_ _0\"></span>al yie<span class=\"_ _0\"></span>ld. In add<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>, the exp<span class=\"_ _0\"></span>ense inf<span class=\"_ _0\"></span>lati<span class=\"_ _0\"></span>on rate is incre<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>d/dec<span class=\"_ _0\"></span>rease<span class=\"_ _0\"></span>d by 0.5% p.a<span class=\"_ _0\"></span>. The ex<span class=\"_ _0\"></span>pen<span class=\"_ _0\"></span>se inf<span class=\"_ _0\"></span>latio<span class=\"_ _0\"></span>n assum<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>ns </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs7cc\">are<span class=\"_ gsec\"> </span>no<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-f<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial and the<span class=\"_ _0\"></span>refore re<span class=\"_ _0\"></span>cali<span class=\"_ _0\"></span>brate the C<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>M und<span class=\"_ _0\"></span>er the st<span class=\"_ _0\"></span>ress<span class=\"_ _0\"></span>es. T<span class=\"_ _0\"></span>hes<span class=\"_ _0\"></span>e reca<span class=\"_ _0\"></span>libr<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns are refl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted in the imp<span class=\"_ _0\"></span>acts sh<span class=\"_ _0\"></span>own<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs7cd\">In the sen<span class=\"_ _0\"></span>siti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ty for c<span class=\"_ _0\"></span>redi<span class=\"_ _0\"></span>t sprea<span class=\"_ _0\"></span>ds, c<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>rate bon<span class=\"_ _0\"></span>d yiel<span class=\"_ _0\"></span>ds have incre<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>d by 1<span class=\"_ _1\"></span>00<span class=\"_ _0\"></span>bps<span class=\"_ _0\"></span>, gove<span class=\"_ _0\"></span>rnm<span class=\"_ _0\"></span>ent b<span class=\"_ _0\"></span>ond y<span class=\"_ _0\"></span>iel<span class=\"_ _0\"></span>ds unc<span class=\"_ _0\"></span>han<span class=\"_ _0\"></span>ged<span class=\"_ _0\"></span>, and th<span class=\"_ _0\"></span>ere has be<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs7ce\">no<span class=\"_ gsec\"> </span>adju<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent to the defau<span class=\"_ _0\"></span>lt assu<span class=\"_ _0\"></span>mpti<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>. All lifeti<span class=\"_ _0\"></span>me mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tgag<span class=\"_ _0\"></span>es are exclu<span class=\"_ _0\"></span>ded<span class=\"_ _0\"></span>, as thei<span class=\"_ _0\"></span>r prim<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y ex<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>ure is to prope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y risk<span class=\"_ _0\"></span>, an<span class=\"_ _0\"></span>d there<span class=\"_ _0\"></span>fore </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs7cf\">capt<span class=\"_ _0\"></span>ured un<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r the prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ty s<span class=\"_ _0\"></span>tress<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs7d0\">Th<span class=\"_ _0\"></span>e equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y stres<span class=\"_ _0\"></span>ses are a 25% ris<span class=\"_ _0\"></span>e and 25% fall in listed e<span class=\"_ _0\"></span>quit<span class=\"_ _0\"></span>y ma<span class=\"_ _0\"></span>rket valu<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs7d1\">Th<span class=\"_ _0\"></span>e prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ty str<span class=\"_ _0\"></span>esse<span class=\"_ _0\"></span>s adopte<span class=\"_ _0\"></span>d are a 1<span class=\"_ _4\"></span>5<span class=\"_ _0\"></span>% rise an<span class=\"_ _0\"></span>d 1<span class=\"_ _1\"></span>5% fall in prope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y mar<span class=\"_ _0\"></span>ket valu<span class=\"_ _0\"></span>es inc<span class=\"_ _0\"></span>ludi<span class=\"_ _0\"></span>ng lifetim<span class=\"_ _0\"></span>e mor<span class=\"_ _3\"></span>tgages<span class=\"_ _0\"></span>. Wh<span class=\"_ _0\"></span>ere pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y is bei<span class=\"_ _0\"></span>ng use<span class=\"_ _0\"></span>d </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs7d2\">to<span class=\"_ gsec\"> </span>back lia<span class=\"_ _0\"></span>bilit<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>, interes<span class=\"_ _0\"></span>t rates used to disc<span class=\"_ _0\"></span>ount lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ties m<span class=\"_ _0\"></span>ove with prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ty y<span class=\"_ _0\"></span>iel<span class=\"_ _0\"></span>ds, an<span class=\"_ _0\"></span>d so the valu<span class=\"_ _0\"></span>e of the liabili<span class=\"_ _0\"></span>ties will als<span class=\"_ _0\"></span>o move.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs7d3\">Th<span class=\"_ _0\"></span>e credi<span class=\"_ _0\"></span>t defaul<span class=\"_ _0\"></span>t assu<span class=\"_ _0\"></span>mptio<span class=\"_ _0\"></span>n is set base<span class=\"_ _0\"></span>d on the cre<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t rating of indi<span class=\"_ _0\"></span>vid<span class=\"_ _0\"></span>ual bo<span class=\"_ _0\"></span>nds an<span class=\"_ _0\"></span>d Moo<span class=\"_ _0\"></span>dy<span class=\"_ _0\"></span>\u2019s histor<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>al trans<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>n matr<span class=\"_ _0\"></span>ice<span class=\"_ _0\"></span>s. Th<span class=\"_ _0\"></span>e cre<span class=\"_ _0\"></span>dit defau<span class=\"_ _0\"></span>lt </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs7d4\">stres<span class=\"_ _0\"></span>s assu<span class=\"_ _0\"></span>mes a +/-<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>0b<span class=\"_ _0\"></span>ps stres<span class=\"_ _0\"></span>s to the curre<span class=\"_ _0\"></span>nt cre<span class=\"_ _0\"></span>dit defa<span class=\"_ _0\"></span>ult ass<span class=\"_ _0\"></span>umpt<span class=\"_ _0\"></span>ions<span class=\"_ _0\"></span>, whic<span class=\"_ _0\"></span>h will have an impa<span class=\"_ _0\"></span>ct on the in<span class=\"_ _0\"></span>terest rates us<span class=\"_ _0\"></span>ed to disco<span class=\"_ _0\"></span>unt </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs7d5\">liabi<span class=\"_ _0\"></span>litie<span class=\"_ _0\"></span>s. D<span class=\"_ _0\"></span>efault all<span class=\"_ _0\"></span>owanc<span class=\"_ _0\"></span>es for asse<span class=\"_ _0\"></span>ts dee<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>d cre<span class=\"_ _0\"></span>dit ris<span class=\"_ _0\"></span>k free are un<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>. All lifetim<span class=\"_ _0\"></span>e mor<span class=\"_ _3\"></span>tgages are excl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>, as their pr<span class=\"_ _0\"></span>ima<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y exp<span class=\"_ _0\"></span>osure<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs7d6\">is<span class=\"_ gsec\"> </span>to prope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y ris<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>, and the<span class=\"_ _0\"></span>refore cap<span class=\"_ _0\"></span>ture<span class=\"_ _0\"></span>d unde<span class=\"_ _0\"></span>r the pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y stre<span class=\"_ _0\"></span>ss.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs7d7\">Th<span class=\"_ _0\"></span>e annui<span class=\"_ _0\"></span>tant m<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>alit<span class=\"_ _0\"></span>y st<span class=\"_ _0\"></span>ress<span class=\"_ _0\"></span>es are a 1<span class=\"_ _1\"></span>% increas<span class=\"_ _0\"></span>e and 1<span class=\"_ _1\"></span>% decre<span class=\"_ _0\"></span>ase in the mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>alit<span class=\"_ _0\"></span>y rates for im<span class=\"_ _0\"></span>med<span class=\"_ _0\"></span>iate and defer<span class=\"_ _0\"></span>red ann<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>ants wi<span class=\"_ _0\"></span>th no chan<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs7d8\">to the mor<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>alit<span class=\"_ _0\"></span>y im<span class=\"_ _0\"></span>prove<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t rates.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs7d9\">Th<span class=\"_ _0\"></span>e assur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e mor<span class=\"_ _3\"></span>talit<span class=\"_ _0\"></span>y st<span class=\"_ _0\"></span>ress is a 5% inc<span class=\"_ _0\"></span>reas<span class=\"_ _0\"></span>e in the mor<span class=\"_ _3\"></span>tali<span class=\"_ _0\"></span>ty an<span class=\"_ _0\"></span>d mor<span class=\"_ _0\"></span>bid<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y rates with no c<span class=\"_ _0\"></span>han<span class=\"_ _0\"></span>ge to the mor<span class=\"_ _3\"></span>talit<span class=\"_ _0\"></span>y and m<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>bidi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 lsb ws42 gs7da\">imp<span class=\"_ _0\"></span>rovem<span class=\"_ _0\"></span>ent<span class=\"_ gsec\"> </span>r<span class=\"_ _0\"></span>ates.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs7db\">Th<span class=\"_ _0\"></span>e mainten<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e expe<span class=\"_ _0\"></span>nse st<span class=\"_ _0\"></span>ress is a 1<span class=\"_ _1\"></span>0% in<span class=\"_ _0\"></span>creas<span class=\"_ _0\"></span>e in all ty<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>s of maintenan<span class=\"_ _0\"></span>ce exp<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ses in fu<span class=\"_ _0\"></span>ture year<span class=\"_ _0\"></span>s.</div>",
   "dimensions": {
    "concept": "legalandgeneral:DisclosureOfIFRSSensitivityAnalysis",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-601": {
   "value": "<div class=\"t m2 he ff1 fs8 fc2 sc0 ls2f ws37 gs7dd\">21<span class=\"ls8d ws0\">. <span class=\"_ _20\"> </span>Insu<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nce c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>tracts<span class=\"_ _3b2\"> </span></span></div><div class=\"t m2 h21 ff1 fs10 fc2 sc0 ls77 ws0 gs7de\">(i<span class=\"_ _1\"></span>) <span class=\"_ _8\"> </span>In<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nce se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ice res<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>lt<span class=\"_ _3b2\"> </span></div><div class=\"gs7df\"><table class=\"s w2e7 h177\" id=\"_05c3ad30-331f-4a6b-8f62-892735694c63\"><tr><td></td><td></td><td class=\"t m2 x31f h13 y4460 ff5 fs9 fc1 sc0 ls1 ws0\">Annuit<span class=\"_ _0\"></span>ies<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x94c h13 y4460 ff5 fs9 fc1 sc0 ls189 ws1ab\">Protec<span class=\"_ _0\"></span>tion<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 h13 y4460 ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 h13 y4461 ff5 fs9 fc1 sc0 ls18 ws0\">Fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>24<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m2 x433 h13 y4461 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 h13 y4461 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 h13 y4461 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 hb y4462 ff6 fs6 fc1 sc0 ls56 ws55\">In<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce re<span class=\"_ _0\"></span>ven<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m2 x206 hc y4463 ff4 fs6 fc1 sc0 ls56 ws55\">Am<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nts rel<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ng to chang<span class=\"_ _0\"></span>es in lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es for rema<span class=\"_ _0\"></span>ini<span class=\"_ _0\"></span>ng cove<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>:<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y42f0 w114 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y42f0 w2e8 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">C<span class=\"_ _0\"></span>SM r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nis<span class=\"_ _0\"></span>ed fo<span class=\"_ _0\"></span>r se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>s prov<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>ed<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x743 y42f0 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">1,027<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb7e y42f0 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">270<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb7f y42f0 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">1,297<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y42f2 w114 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y42f2 w2e9 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>cted i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d cla<span class=\"_ _0\"></span>ims a<span class=\"_ _0\"></span>nd ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r ins<span class=\"_ _0\"></span>ura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb80 y42f2 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">5,838<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8ce y42f2 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">2,826<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb7f y42f2 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">8,664<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y42f3 w114 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y42f3 w2ea h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Cha<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>e in th<span class=\"_ _0\"></span>e ri<span class=\"_ _0\"></span>sk ad<span class=\"_ _0\"></span>jus<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent fo<span class=\"_ _0\"></span>r no<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>al ri<span class=\"_ _0\"></span>sk for t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>isk e<span class=\"_ _0\"></span>xpi<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb81 y42f3 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">438<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb82 y42f3 w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">22<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb83 y42f3 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">460<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41e4 w2eb h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Rec<span class=\"_ _0\"></span>ove<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y of in<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce a<span class=\"_ _0\"></span>cq<span class=\"_ _0\"></span>uisi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on c<span class=\"_ _0\"></span>ash f<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ows<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n xb84 y41e4 w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">25<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb85 y41e4 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">142<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb86 y41e4 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">167<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y433f w2ec h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Pre<span class=\"_ _0\"></span>miu<span class=\"_ _0\"></span>m ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e va<span class=\"_ _0\"></span>ria<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>lati<span class=\"_ _0\"></span>ng to pa<span class=\"_ _0\"></span>st an<span class=\"_ _0\"></span>d cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nt s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n xb87 y433f wa6 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb88 y433f waf h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(14)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb89 y433f w41 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(14)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41dd w2ed h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l ins<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ce reve<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ue<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n xb8a y41dd w36 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">7,328<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb8b y41dd w36 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">3,246<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb8c y41dd w2f h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">10,574<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c1 w2ee h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l ins<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ce se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ses<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n xb8d y40c1 w33 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">(5,877)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb8e y40c1 w33 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">(3,214)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb8f y40c1 w33 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">(9,091)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41c7 w2ef h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Allocation of reinsurance premiums<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n xb90 y41c7 w33 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(3,221)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb91 y41c7 w33 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(1,037)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb92 y41c7 w33 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(4,258)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y419e w2f0 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10e ws54\">Amounts recoverable from<span class=\"_ _1\"></span> reinsurers f<span class=\"_ _1\"></span>or incurred claims<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n xb93 y419e w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">2,813<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb94 y419e w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">1,286<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb95 y419e w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">4,099<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ac w2f1 h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls11c ws25\">Net (<span class=\"_ _1\"></span>expense<span class=\"_ _1\"></span>)<span class=\"_ _1\"></span>/income from<span class=\"_ _1\"></span> reinsurance contracts<span class=\"_ _1\"></span> held<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n xb96 y40ac w3a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">(408)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb97 y40ac w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">249<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb98 y40ac w3a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">(159)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w2f2 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> insurance <span class=\"_ _1\"></span>service result<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n xb99 y40ae w36 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">1,043<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb9a y40ae w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">281<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb9b y40ae w36 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">1,324<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"gs7e0\"><table class=\"s w2f3 h178\" id=\"_15b807cd-7503-4cef-bfbb-33f96b45ac83\"><tr><td></td><td></td><td class=\"t m2 xb9c hf y4464 ff3 fs9 fc1 sc0 ls168 ws183\">Annuities<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x615 hf y4464 ff3 fs9 fc1 sc0 ls38 ws3a\">Prot<span class=\"_ _1\"></span>ection<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y4464 ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 hf y4465 ff3 fs9 fc1 sc0 ls18 ws0\">Fo<span class=\"_ _0\"></span>r the y<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>r en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>23<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m2 x433 hf y4465 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 hf y4465 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y4465 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 h1a y4466 ff3 fs6 fc1 sc0 lsea ws27\">Insurance revenue<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m2 x206 hc y4467 ff4 fs6 fc1 sc0 ls56 ws55\">Am<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nts rel<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ng to chang<span class=\"_ _0\"></span>es in lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es for rema<span class=\"_ _0\"></span>ini<span class=\"_ _0\"></span>ng cove<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>:<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y42f1 w114 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y42f1 w2e8 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">C<span class=\"_ _0\"></span>SM r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nis<span class=\"_ _0\"></span>ed fo<span class=\"_ _0\"></span>r se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>s prov<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>ed<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb9d y42f1 w42 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">943<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb97 y42f1 w4b h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">225<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1ea y42f1 w30 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,168<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41d1 w114 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y41d1 w2e9 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>cted i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d cla<span class=\"_ _0\"></span>ims a<span class=\"_ _0\"></span>nd ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r ins<span class=\"_ _0\"></span>ura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x623 y41d1 w30 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5,278<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x624 y41d1 w37 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,597<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x25c y41d1 w37 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">7,875<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y433b w114 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y433b w2ea h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Cha<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>e in th<span class=\"_ _0\"></span>e ri<span class=\"_ _0\"></span>sk ad<span class=\"_ _0\"></span>jus<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent fo<span class=\"_ _0\"></span>r no<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>al ri<span class=\"_ _0\"></span>sk for t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>isk e<span class=\"_ _0\"></span>xpi<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x319 y433b w4b h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">371<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb9e y433b w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">16<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1f9 y433b w4b h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">387<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4189 w2eb h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Rec<span class=\"_ _0\"></span>ove<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y of in<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce a<span class=\"_ _0\"></span>cq<span class=\"_ _0\"></span>uisi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on c<span class=\"_ _0\"></span>ash f<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ows<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n xb84 y4189 w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">19<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb9f y4189 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">132<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xba0 y4189 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">151<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y417f w2ec h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Pre<span class=\"_ _0\"></span>miu<span class=\"_ _0\"></span>m ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ce va<span class=\"_ _0\"></span>ria<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>lati<span class=\"_ _0\"></span>ng to pa<span class=\"_ _0\"></span>st an<span class=\"_ _0\"></span>d cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nt s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n xba1 y417f w50 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5d0 y417f w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">42<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa0d y417f w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">43<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41dd w2f4 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">T<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>tal insurance revenue<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n xba2 y41dd w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">6,612<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x92a y41dd w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,012<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7e8 y41dd w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">9,624<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c1 w2f5 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">T<span class=\"_ _1\"></span>otal ins<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e exp<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x5a7 y40c1 w34 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(5,244)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xba3 y40c1 w34 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(3,129)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xba4 y40c1 w34 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(8,373)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y419a w2ef h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">Allocation of reinsurance premiums<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n xba5 y419a w34 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(2,847)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xba6 y419a w34 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(1,044)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xba7 y419a w34 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(3,891)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w2f0 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws54\">Amounts recoverable from<span class=\"_ _1\"></span> reinsurers f<span class=\"_ _1\"></span>or incurred claims<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n xba8 y4121 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,415<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa85 y4121 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,339<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xba9 y4121 w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,754<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4184 w2f6 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10e ws54\">Net (<span class=\"_ _1\"></span>expense)<span class=\"_ _1\"></span>/income from reinsurance contracts held<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n xbaa y4184 w3b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(432)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xbab y4184 w4b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">295<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xbac y4184 w3b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(137)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w2f7 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">T<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>tal insurance ser<span class=\"_ _0\"></span>vice result<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x61a y40ae w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">936<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x61b y40ae w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">178<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x812 y40ae w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,114<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"t m2 h21 ff1 fs10 fc2 sc0 ls77 ws0 gs7e1\">(ii) <span class=\"_ _d\"> </span>In<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nce a<span class=\"_ _0\"></span>nd rei<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nce contr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div><div class=\"gs7e2\"><table class=\"s w2f8 h179\" id=\"_da775ce0-b7d2-44c9-b7d0-1b5fc9144973\"><tr><td></td><td class=\"t m2 xa6e h13 y4468 ff5 fs9 fc1 sc0 ls3d ws131\">Assets<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x324 h13 y4468 ff5 fs9 fc1 sc0 ls88 ws8d\">Liabilities<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x503 hf y4468 ff3 fs9 fc1 sc0 ls1 ws0\">Assets<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xbad hf y4468 ff3 fs9 fc1 sc0 ls168 ws183\">Liabilities<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x430 h13 y4469 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x431 h13 y4469 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c6 hf y4469 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y4469 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 xac3 h13 y446a ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x433 h13 y446a ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 hf y446a ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y446a ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 hb y446b ff6 fs6 fc1 sc0 ls12e ws142\">Insurance contracts <span class=\"_ _1\"></span>issued<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m2 x206 hb y446c ff5 fs6 fc1 sc0 ls1 ws0\">Annuities<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y41dd w2f9 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws54\">Insurance contract balances<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xbae y41dd wa5 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xbaf y41dd w2f h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">91,075<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x619 y41dd wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xbb0 y41dd w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">86,706<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y4171 w2fa h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10e ws54\">Assets for<span class=\"_ _1\"></span> insurance contract acquisition<span class=\"_ _1\"></span> cash flows</div><div class=\"t m2 xbb1 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x442 y4180 wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x443 y4180 w41 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(14)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xbb2 y4180 wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xbb3 y4180 w71 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(18)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 hb y446d ff5 fs6 fc1 sc0 ls11e ws141\">Protection<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y434c w2f9 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws54\">Insurance contract balances<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xbae y434c wa5 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xbb4 y434c w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">4,609<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xbb5 y434c wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7b1 y434c w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">4,782<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y4184 w2fa h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10e ws54\">Assets for<span class=\"_ _1\"></span> insurance contract acquisition<span class=\"_ _1\"></span> cash flows</div><div class=\"t m2 xbb1 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x442 y4184 wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x443 y4184 w41 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(22)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xbb2 y4184 wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xbb3 y4184 w71 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(24)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y40ad w2fb h11f\"><div class=\"t m2 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls12e wsca\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> insurance contracts issued</div><div class=\"t m2 xbb6 h91 y40aa ff5 fs1c fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x442 y40ae wa5 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xbb7 y40ae w93 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">95,648<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xbb8 y40ae wbf h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xbb9 y40ae w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">91,446<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"gs7e3\"><table class=\"s w2fc h17a\" id=\"_64d82b3f-3f03-45b9-8f35-5d3ec4d3e0a9\"><tr><td></td><td class=\"t m2 xa6e h13 y446e ff5 fs9 fc1 sc0 ls3d ws131\">Assets<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x324 h13 y446e ff5 fs9 fc1 sc0 ls88 ws8d\">Liabilities<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x503 hf y446e ff3 fs9 fc1 sc0 ls1 ws0\">Assets<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xbad hf y446e ff3 fs9 fc1 sc0 ls168 ws183\">Liabilities<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x430 h13 y446f ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x431 h13 y446f ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c6 hf y446f ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y446f ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 xac3 h13 y4470 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x433 h13 y4470 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 hf y4470 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y4470 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 hb y4471 ff5 fs6 fc1 sc0 ls50 ws3f\">Reinsurance<span class=\"_ _1\"></span> contracts<span class=\"_ _1\"></span> held<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m2 x206 hb y4472 ff5 fs6 fc1 sc0 ls1 ws0\">Annuities<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y41dd w2fd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">Reinsurance contracts balances<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x837 y41dd w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">6,651<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x922 y41dd w59 h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xbba y41dd w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">4,758<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xbbb y41dd wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y4180 w2fe h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10e ws54\">Assets for<span class=\"_ _1\"></span> reinsurance contract acquisit<span class=\"_ _1\"></span>ion cash flows</div><div class=\"t m2 xbbc h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xbbd y4180 w59 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xbbe y4180 wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xbbf y4180 w50 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xbc0 y4180 wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 hb y4473 ff5 fs6 fc1 sc0 ls11e ws141\">Protection<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4121 w2fd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">Reinsurance contracts balances<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x837 y4121 w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,510<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xbc1 y4121 w4a h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">168<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xbc2 y4121 w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,545<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4bc y4121 w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">220<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y4184 w2fe h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10e ws54\">Assets for<span class=\"_ _1\"></span> reinsurance contract acquisit<span class=\"_ _1\"></span>ion cash flows</div><div class=\"t m2 xbbc h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x442 y4122 wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x956 y4122 wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xbc3 y4122 wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x958 y4122 wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y40ad w2ff h11f\"><div class=\"t m2 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls50 ws3f\">T<span class=\"_ _4\"></span>otal reinsurance<span class=\"_ _1\"></span> contracts held</div><div class=\"t m2 xbc4 h91 y40aa ff5 fs1c fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x593 y40ae w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">9,165<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xbc5 y40ae w4a h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">170<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xbc6 y40ae w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">7,306<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xbc7 y40ae w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">220<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs7e4\">1. <span class=\"_ _15\"> </span>As<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts f<span class=\"_ _0\"></span>or i<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e a<span class=\"_ _0\"></span>nd r<span class=\"_ _0\"></span>ei<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e a<span class=\"_ _0\"></span>cq<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>isi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n ca<span class=\"_ _0\"></span>sh fl<span class=\"_ _0\"></span>ow<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ed w<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>in 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>i<span class=\"_ _0\"></span>ng a<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>nt o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d in<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e an<span class=\"_ _0\"></span>d re<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t l<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>bi<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs7e5\">2. <span class=\"_ _15\"> </span>\u00a36<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>98<span class=\"_ _0\"></span>m (20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3: \u00a3<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>,1<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>9m) of t<span class=\"_ _0\"></span>he n<span class=\"_ _0\"></span>et i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ce b<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e of \u00a3<span class=\"_ _0\"></span>86<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>65<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>m (2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>3: \u00a3<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>0m) i<span class=\"_ _0\"></span>s ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d to r<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>n of<span class=\"_ _0\"></span>f wi<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n 12 mon<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>s. </div><div class=\"t m2 h15 ff1 fs5 fc2 sc0 ls18 ws0 gs7e7\">(<span class=\"_ _1\"></span>a) <span class=\"_ _8\"> </span>R<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>onci<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ation of t<span class=\"_ _0\"></span>he l<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>abi<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y for rem<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ng c<span class=\"_ _0\"></span>over<span class=\"_ _0\"></span>age a<span class=\"_ _0\"></span>nd t<span class=\"_ _0\"></span>he l<span class=\"_ _0\"></span>iabi<span class=\"_ _3\"></span>lit<span class=\"_ _0\"></span>y for i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>red cl<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div><div class=\"gs6f3\"><table class=\"s w300 h17b\" id=\"_6e4e86ec-76e4-473c-9c61-892a305acd02\"><tr><td></td><td class=\"t m2 x8d2 h13 y4474 ff5 fs9 fc1 sc0 ls88 ws2a\">Liability for <span class=\"ls1 ws0\"> </span></td><td></td><td></td><td></td><td class=\"t m2 x31f hf y4474 ff3 fs9 fc1 sc0 ls111 ws27\">Liabilit<span class=\"_ _0\"></span>y for <span class=\"ls1 ws0\"> </span></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m2 xbc8 h13 y4475 ff6 fs9 fc1 sc0 ls3d ws131\">remaining <span class=\"_ _1\"></span>coverage<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td class=\"t m2 xbc9 hf y4475 ff3 fs9 fc1 sc0 ls16a ws34\">remai<span class=\"_ _0\"></span>ning cove<span class=\"_ _0\"></span>rag<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"t m2 x4e9 h13 y4476 ff5 fs9 fc1 sc0 ls88 ws2a\">Liability for </td><td></td><td></td><td></td><td class=\"t m2 x463 hf y4476 ff3 fs9 fc1 sc0 ls111 ws27\">Liabilit<span class=\"_ _0\"></span>y for </td><td></td></tr><tr><td></td><td class=\"t m2 xbca h13 y4477 ff5 fs9 fc1 sc0 ls3d ws86\">Excluding loss </td><td class=\"t m2 x7c3 h13 y4477 ff5 fs9 fc1 sc0 ls1 ws0\">Loss </td><td class=\"t m2 x5ef h13 y4477 ff5 fs9 fc1 sc0 ls1 ws0\">incurre<span class=\"_ _0\"></span>d </td><td></td><td class=\"t m2 xbcb hf y4477 ff3 fs9 fc1 sc0 ls88 ws2a\">Excluding loss </td><td class=\"t m2 x31d hf y4477 ff3 fs9 fc1 sc0 ls1 ws0\">Loss </td><td class=\"t m2 x278 hf y4477 ff3 fs9 fc1 sc0 ls1 ws0\">incurred </td><td></td></tr><tr><td></td><td class=\"t m2 xbcc h13 y4478 ff5 fs9 fc1 sc0 ls14a ws164\">component </td><td class=\"t m2 x492 h13 y4478 ff5 fs9 fc1 sc0 ls14a ws164\">component </td><td class=\"t m2 xbcd h13 y4478 ff5 fs9 fc1 sc0 ls29 ws30\">claims<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x430 h13 y4478 ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x461 hf y4478 ff3 fs9 fc1 sc0 ls3b ws45\">component </td><td class=\"t m2 x287 hf y4478 ff3 fs9 fc1 sc0 ls3b ws45\">component </td><td class=\"t m2 xbce hf y4478 ff3 fs9 fc1 sc0 ls187 ws19c\">claims<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y4478 ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x7c2 h13 y4479 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x7c3 h13 y4479 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x7c4 h13 y4479 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x430 h13 y4479 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x26f hf y4479 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x26c hf y4479 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x7c5 hf y4479 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y4479 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x7c6 h13 y447a ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x321 h13 y447a ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x464 h13 y447a ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xac3 h13 y447a ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x465 hf y447a ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x466 hf y447a ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x467 hf y447a ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y447a ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y447b w301 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">Opening insurance contrac<span class=\"_ _0\"></span>t liabilities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xbcf y447b w215 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">86,630<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xbd0 y447b w1e1 h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xbd1 y447b w7b h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">73</div></td><td class=\"c n xbd2 y447b w2f h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">86,706</div></td><td class=\"c n xbd3 y447b w3e h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">73,664<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xbd4 y447b w50 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">6<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xbd5 y447b w39 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">59</div></td><td class=\"c n xbd6 y447b w3e h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">73,729<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y447c w302 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10e ws54\">Opening insurance contract assets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xbd7 y447c wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xbd8 y447c wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xbd9 y447c wa4 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xbda y447c wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xbdb y447c wbd h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xbdc y447c wbd h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xbdd y447c wbd h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xbde y447c wbd h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40b2 w303 h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws0\">Ne<span class=\"_ _0\"></span>t ba<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ce a<span class=\"_ _0\"></span>s at 1 J<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>ar<span class=\"_ _3\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xbdf y40b2 w2f h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">86,630<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xbe0 y40b2 w1e1 h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xbe1 y40b2 w7b h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">73</div></td><td class=\"c n xbe2 y40b2 w2f h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">86,706</div></td><td class=\"c n xbe3 y40b2 w3e h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">73,664<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xbe4 y40b2 w50 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">6<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xbe5 y40b2 w39 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">59</div></td><td class=\"c n xbe6 y40b2 w3e h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">73,729<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41ca w304 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">Insurance rev<span class=\"_ _1\"></span>enue<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xbe7 y41ca w33 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(7,328)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xbe8 y41ca wa4 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xbe9 y41ca wa4 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013</div></td><td class=\"c n xbea y41ca w33 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(7,328)</div></td><td class=\"c n xbeb y41ca w34 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(6,612)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xbec y41ca wbd h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xbed y41ca wbd h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013</div></td><td class=\"c n xbee y41ca w34 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(6,612)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40b4 w305 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Inc<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d cla<span class=\"_ _0\"></span>ims a<span class=\"_ _0\"></span>nd ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r ins<span class=\"_ _0\"></span>ura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ice e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ses<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xbef y40b4 wa5 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xbf0 y40b4 wa5 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xbf1 y40b4 w36 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">5,847<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xbf2 y40b4 w36 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">5,847<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xbf3 y40b4 wbd h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xbf4 y40b4 wbd h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xbf5 y40b4 w37 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5,215<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xbf6 y40b4 w37 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5,215<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4166 w306 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls112 ws1e\">Amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tisatio<span class=\"_ _0\"></span>n of insuranc<span class=\"_ _0\"></span>e acquisiti<span class=\"_ _0\"></span>on expe<span class=\"_ _0\"></span>nses<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xbf7 y4166 w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">25<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xbf8 y4166 wa4 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xbf9 y4166 wa4 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xbfa y4166 w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">25<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xbfb y4166 w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">19<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xbfc y4166 wbd h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xbfd y4166 wbd h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xbfe y4166 w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">19<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41cc w307 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Cha<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>es th<span class=\"_ _0\"></span>at re<span class=\"_ _0\"></span>late to pas<span class=\"_ _0\"></span>t se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xbff y41cc wa4 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc00 y41cc wa4 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc01 y41cc w1e1 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">6<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc02 y41cc wa8 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">6<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc03 y41cc wbf h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc04 y41cc wbf h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc05 y41cc w75 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc06 y41cc w50 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4370 w308 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Los<span class=\"_ _0\"></span>ses a<span class=\"_ _0\"></span>nd re<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>sal of l<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ses o<span class=\"_ _0\"></span>n o<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>s co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>ts<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc07 y4370 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc08 y4370 wb4 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(1)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc09 y4370 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc0a y4370 w67 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(1)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc0b y4370 wbd h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc0c y4370 w6a h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(2)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc0d y4370 wbf h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc0e y4370 w6a h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(2)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40b8 w309 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">In<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e expe<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc0f y40b8 w7b h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">25<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc10 y40b8 wb4 h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(1)</div></td><td class=\"c n xc11 y40b8 w36 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">5,853<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc12 y40b8 w36 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">5,877<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc13 y40b8 w39 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">19<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc14 y40b8 wc0 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(2)</div></td><td class=\"c n xc15 y40b8 w37 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5,219<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x72f y40b8 w37 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5,236<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40b9 w3c h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls12e ws142\">Insurance s<span class=\"_ _1\"></span>ervice result<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc16 y40b9 w33 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(7,303)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc17 y40b9 wb4 h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(1)</div></td><td class=\"c n xc18 y40b9 w36 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">5,853</div></td><td class=\"c n xc19 y40b9 w33 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(1,451)</div></td><td class=\"c n xc1a y40b9 w34 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(6,593)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc1b y40b9 w6a h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(2)</div></td><td class=\"c n xc1c y40b9 w30 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5,219<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc1d y40b9 w34 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(1,376)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ba w30a h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">Finance expenses/(income) from insurance contracts</div></td><td class=\"c n xc1e y40ba w33 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(1,196)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xbf0 y40ba wa5 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc1f y40ba wa5 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013</div></td><td class=\"c n xc20 y40ba w33 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(1,196)</div></td><td class=\"c n xc21 y40ba w30 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5,841<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc22 y40ba wbd h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc23 y40ba wbd h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9ed y40ba w37 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5,841<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y416b w30b h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t of move<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s in exc<span class=\"_ _0\"></span>han<span class=\"_ _0\"></span>ge r<span class=\"_ _0\"></span>ates<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc0f y416b w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">70<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc10 y416b wb4 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(1)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc24 y416b wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc25 y416b w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">69<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc26 y416b w3b h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(328)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc27 y416b w6a h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(1)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc28 y416b w6a h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(1)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc29 y416b w3b h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(330)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41d1 w30c h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l am<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nt re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d in co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>h<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=\"_ _3b2\"> </span></div></td><td class=\"c n xc2a y41d1 w33 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(8,429)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc2b y41d1 w67 h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(2)</div></td><td class=\"c n xc2c y41d1 w36 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">5,853</div></td><td class=\"c n xc2d y41d1 w33 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(2,578)</div></td><td class=\"c n xc2e y41d1 w34 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(1,080)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc2f y41d1 w6a h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(3)</div></td><td class=\"c n xc30 y41d1 w37 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5,218<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc31 y41d1 w37 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">4,135<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y433b wc4 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws23\">Inv<span class=\"_ _1\"></span>estment<span class=\"_ _1\"></span> components<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc32 y433b w3a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(528)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc33 y433b wa4 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc34 y433b w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">528<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc35 y433b wa6 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc36 y433b w3b h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(399)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc37 y433b wbd h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9d2 y433b w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">399<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc38 y433b wbd h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 hb y447d ff5 fs6 fc1 sc0 ls4f ws128\">Cash flo<span class=\"_ _1\"></span>ws </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y40bf w30d h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">Premiums<span class=\"_ _1\"></span> received<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc39 y40bf w215 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">13,421<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc3a y40bf wa4 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc3b y40bf wa5 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013</div></td><td class=\"c n xc3c y40bf w2f h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">13,421</div></td><td class=\"c n xc3d y40bf w3e h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">14,535<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc3e y40bf wbf h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc3f y40bf wbf h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013</div></td><td class=\"c n xc40 y40bf w3e h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">14,535<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41dd w30e h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Cla<span class=\"_ _0\"></span>ims a<span class=\"_ _0\"></span>nd ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r dire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tly at<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>bu<span class=\"_ _0\"></span>tab<span class=\"_ _0\"></span>le e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc41 y41dd wa5 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc42 y41dd wa5 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013</div></td><td class=\"c n xc43 y41dd w33 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(6,369)</div></td><td class=\"c n xc44 y41dd w33 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(6,369)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc45 y41dd wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xbec y41dd wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013</div></td><td class=\"c n xc46 y41dd w34 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(5,603)</div></td><td class=\"c n xc47 y41dd w34 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(5,603)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4180 w30f h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10e ws54\">Insurance acquisition<span class=\"_ _1\"></span> cash flows<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc48 y4180 w3a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(105)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc49 y4180 wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc4a y4180 wa4 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc4b y4180 w3a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(105)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc4c y4180 w71 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(90)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc4d y4180 wbf h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc4e y4180 wbf h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc4f y4180 w71 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(90)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y419a w310 h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws0\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l c<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>h fl<span class=\"_ _0\"></span>ows<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc50 y419a w215 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">13,316<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc51 y419a wa5 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013</div></td><td class=\"c n xc52 y419a w33 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(6,369)</div></td><td class=\"c n xc53 y419a w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">6,947</div></td><td class=\"c n xc54 y419a w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">14,445<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc55 y419a wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013</div></td><td class=\"c n xc56 y419a w34 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(5,603)</div></td><td class=\"c n xc57 y419a w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">8,842<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w311 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">Closing insurance contract liabilities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc58 y4121 w215 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">90,989<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc59 y4121 w1e1 h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc5a y4121 w246 h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">85</div></td><td class=\"c n xc5b y4121 w2f h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">91,075</div></td><td class=\"c n x9f1 y4121 w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">86,630<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc5c y4121 w50 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc5d y4121 w39 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">73</div></td><td class=\"c n xc5e y4121 w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">86,706<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4184 w312 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10e ws54\">Closing insurance contract<span class=\"_ _1\"></span> assets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc5f y4184 wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc60 y4184 wa4 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc61 y4184 wa4 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc62 y4184 wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc63 y4184 wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc64 y4184 wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc65 y4184 wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc66 y4184 wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w313 h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws0\">Ne<span class=\"_ _0\"></span>t ba<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ce a<span class=\"_ _0\"></span>s at 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc67 y40ae w215 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">90,989<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc68 y40ae w1e1 h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc69 y40ae w7b h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">85</div></td><td class=\"c n xc6a y40ae w2f h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">91,075</div></td><td class=\"c n xc6b y40ae w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">86,630<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc6c y40ae w50 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc6d y40ae w39 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">73</div></td><td class=\"c n xc6e y40ae w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">86,706<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"t m0 h15 ff1 fs5 fc2 sc0 ls18 ws0 gs7e9\">(b) <span class=\"_ _7\"> </span>R<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>onci<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>iat<span class=\"_ _0\"></span>ion of t<span class=\"_ _0\"></span>he me<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ement c<span class=\"_ _0\"></span>ompone<span class=\"_ _0\"></span>nts of i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e cont<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div><div class=\"gs6f3\"><table class=\"s w314 h17c\" id=\"_39a9bbd5-be79-499f-9fd2-a2e0a34a104d\"><tr><td></td><td></td><td class=\"t m0 x6c1 h13 y447e ff5 fs9 fc1 sc0 ls1 ws0\">Risk </td><td></td><td></td><td></td><td class=\"t m0 x4d5 hf y447e ff3 fs9 fc1 sc0 ls1 ws0\">Risk </td><td></td><td></td></tr><tr><td></td><td class=\"t m0 xc6f h13 y447f ff6 fs9 fc1 sc0 ls38 ws3a\">Present <span class=\"_ _1\"></span>value </td><td class=\"t m0 xc70 h13 y447f ff5 fs9 fc1 sc0 ls3d ws86\">adjustment for </td><td></td><td></td><td class=\"t m0 x529 hf y447f ff3 fs9 fc1 sc0 ls168 ws123\">Present value </td><td class=\"t m0 x433 hf y447f ff3 fs9 fc1 sc0 ls187 ws41\">adjustment for </td><td></td><td></td></tr><tr><td></td><td class=\"t m0 xc71 h13 y4480 ff5 fs9 fc1 sc0 ls29 wsf7\">of future cash </td><td class=\"t m0 xc72 h13 y4480 ff5 fs9 fc1 sc0 ls38 ws3a\">non-financial </td><td></td><td></td><td class=\"t m0 x51c hf y4480 ff3 fs9 fc1 sc0 ls1 ws16\">of future<span class=\"_ _1\"></span> cash </td><td class=\"t m0 xc73 hf y4480 ff3 fs9 fc1 sc0 ls187 ws19c\">non-<span class=\"_ _0\"></span>financial </td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x7bd h13 y4481 ff5 fs9 fc1 sc0 ls45 ws100\">flows </td><td class=\"t m0 x273 h13 y4481 ff5 fs9 fc1 sc0 ls115 ws4f\">risk </td><td class=\"t m0 xac4 h13 y4481 ff5 fs9 fc1 sc0 ls1 ws0\">CSM </td><td class=\"t m0 x430 h13 y4481 ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x493 hf y4481 ff3 fs9 fc1 sc0 ls16a ws185\">flows<span class=\"_ _0\"></span> </td><td class=\"t m0 xc74 hf y4481 ff3 fs9 fc1 sc0 ls1 ws0\">risk </td><td class=\"t m0 x7c5 hf y4481 ff3 fs9 fc1 sc0 ls1 ws0\">CSM </td><td class=\"t m0 x1c7 hf y4481 ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m0 xc75 h13 y4482 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x7c3 h13 y4482 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x7c4 h13 y4482 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x430 h13 y4482 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x26f hf y4482 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x26c hf y4482 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x7c5 hf y4482 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c7 hf y4482 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m0 x8d2 h13 y4483 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x321 h13 y4483 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x464 h13 y4483 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 xac3 h13 y4483 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x465 hf y4483 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x466 hf y4483 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x467 hf y4483 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 hf y4483 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y4484 w301 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls55 ws59\">Opening insurance contrac<span class=\"_ _0\"></span>t liabilities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc76 y4484 w215 h116\"><div class=\"t m0 x1ca hc y4084 ff6 fs6 fc1 sc0 ls56 ws55\">71,133<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc77 y4484 w36 h116\"><div class=\"t m0 x1ca hc y4084 ff6 fs6 fc1 sc0 ls56 ws55\">2,221</div></td><td class=\"c n xc78 y4484 w2f h116\"><div class=\"t m0 x1ca hc y4084 ff6 fs6 fc1 sc0 ls56 ws55\">13,352</div></td><td class=\"c n xc79 y4484 w2f h116\"><div class=\"t m0 x1ca hc y4084 ff6 fs6 fc1 sc0 ls56 ws55\">86,706</div></td><td class=\"c n xc7a y4484 w3e h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">60,448<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc7b y4484 w30 h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">1,753</div></td><td class=\"c n xc7c y4484 wd3 h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">11,528</div></td><td class=\"c n xc7d y4484 wd3 h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">73,729<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4485 w302 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10e ws54\">Opening insurance contract assets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc7e y4485 wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc7f y4485 wa4 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc80 y4485 wa4 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x68d y4485 wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc81 y4485 wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc82 y4485 wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc83 y4485 wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc84 y4485 wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4486 w303 h118\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws0\">Ne<span class=\"_ _0\"></span>t ba<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ce a<span class=\"_ _0\"></span>s at 1 J<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>ar<span class=\"_ _3\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc85 y4486 w2f h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">71,133<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc86 y4486 w36 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,221</div></td><td class=\"c n xc87 y4486 w2f h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">13,352</div></td><td class=\"c n xc88 y4486 w2f h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">86,706</div></td><td class=\"c n xc89 y4486 w3e h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">60,448<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc8a y4486 w30 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,753</div></td><td class=\"c n xc8b y4486 wd3 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">11,528</div></td><td class=\"c n xc8c y4486 wd3 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">73,729<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 hb y4487 ff6 fs6 fc1 sc0 ls56 ws55\">Ch<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>es th<span class=\"_ _0\"></span>at re<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ate to cu<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>nt se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4488 w2e8 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">C<span class=\"_ _0\"></span>SM r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nis<span class=\"_ _0\"></span>ed fo<span class=\"_ _0\"></span>r se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>s prov<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>ed<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc8d y4488 wa4 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc51 y4488 wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013</div></td><td class=\"c n xc52 y4488 w33 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(1,027)</div></td><td class=\"c n xc8e y4488 w33 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(1,027)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc8f y4488 wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc90 y4488 wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc91 y4488 w4d h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(943)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc92 y4488 w4d h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(943)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4489 w315 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Rel<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>e of ris<span class=\"_ _0\"></span>k adj<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc93 y4489 wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc94 y4489 w3a h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(438)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc95 y4489 wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc96 y4489 w3a h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(438)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc97 y4489 wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc98 y4489 w3b h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(371)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc99 y4489 wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc9a y4489 w3b h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(371)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y448a w316 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws23\">Experience adju<span class=\"_ _1\"></span>stments<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc9b y448a w41 h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(13)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc9c y448a wa4 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc9d y448a wa4 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc9e y448a waf h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(13)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc9f y448a w5a h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(83)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x52d y448a wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x52e y448a wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x37c y448a w71 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(83)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y448b w317 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l ch<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>at re<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>te to cu<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xca0 y448b w14c h118\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(13)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xca1 y448b w3a h118\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(438)</div></td><td class=\"c n xca2 y448b w33 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(1,027)</div></td><td class=\"c n xca3 y448b w33 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(1,478)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xca4 y448b w5a h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(83)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xca5 y448b w3b h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(371)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xca6 y448b w3b h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(943)</div></td><td class=\"c n xca7 y448b w34 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(1,397)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 hb y448c ff6 fs6 fc1 sc0 ls56 ws55\">Ch<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>es th<span class=\"_ _0\"></span>at re<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ate to fu<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>re se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y448d w318 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Cha<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>es in e<span class=\"_ _0\"></span>sti<span class=\"_ _0\"></span>mate<span class=\"_ _0\"></span>s whi<span class=\"_ _0\"></span>ch a<span class=\"_ _0\"></span>djus<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e C<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>M<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xca8 y448d w3a h118\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(202)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xca9 y448d w3a h118\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(119)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcaa y448d w4a h118\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">321<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x83c y448d wa5 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcab y448d w34 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(1,657)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcac y448d w39 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">52<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x514 y448d w30 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,605<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcad y448d wbd h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 h1a y448e ff3 fs6 fc1 sc0 ls10a ws5a\">Changes in estimat<span class=\"_ _1\"></span>es that<span class=\"_ _1\"></span> result in losses </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y430e w319 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">or<span class=\"_ gs5e1\"> </span>re<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>sal<span class=\"_ gs5e1\"> </span>of lo<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s on one<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>s con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcae y430e wb4 h118\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(1)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcaf y430e wa5 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4a9 y430e wa4 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcb0 y430e w6d h118\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(1)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcb1 y430e w6a h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(2)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcb2 y430e wbd h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcb3 y430e wbd h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcb4 y430e w6a h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(2)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40b6 w31a h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>ts in<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>all<span class=\"_ _0\"></span>y re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e yea<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcb5 y40b6 w3a h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(871)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcb6 y40b6 w4a h118\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">321<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcb7 y40b6 w4a h118\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">550<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcb8 y40b6 wa5 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013</div></td><td class=\"c n xcb9 y40b6 w34 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(1,305)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcba y40b6 w42 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">451<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcbb y40b6 w42 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">854<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xbbb y40b6 wbd h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4168 w31b h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l ch<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>at re<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>te to fu<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>re se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcbc y4168 w33 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(1,074)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcbd y4168 w4a h118\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">202<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcaa y4168 w4a h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">871<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcbe y4168 w6d h118\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(1)</div></td><td class=\"c n xcbf y4168 w34 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(2,964)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcc0 y4168 w42 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">503<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcc1 y4168 w37 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,459<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcc2 y4168 wc0 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(2)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 hb y448f ff6 fs6 fc1 sc0 ls56 ws55\">Ch<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>es th<span class=\"_ _0\"></span>at re<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ate to pa<span class=\"_ _0\"></span>st se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y41ce w31c h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Claims variance<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcc3 y41ce w7b h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">28<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcc4 y41ce wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcc5 y41ce wa4 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcc6 y41ce w7b h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">28<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcc7 y41ce w39 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">23<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x523 y41ce wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcc8 y41ce wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcc9 y41ce w39 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">23<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ba w3c h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls12e ws142\">Insurance s<span class=\"_ _1\"></span>ervice result<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc16 y40ba w33 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(1,059)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcca y40ba w3a h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(236)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xccb y40ba w3a h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(156)</div></td><td class=\"c n xccc y40ba w33 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(1,451)</div></td><td class=\"c n xccd y40ba w34 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(3,024)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcce y40ba w42 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">132<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xccf y40ba w30 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,516<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcd0 y40ba w34 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(1,376)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y42f1 w30a h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">Finance expenses/(income) from insurance contracts</div></td><td class=\"c n xc1e y42f1 w33 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(1,596)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcd1 y42f1 wb4 h118\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(5)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9e8 y42f1 w4a h118\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">405</div></td><td class=\"c n xcd2 y42f1 w33 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(1,196)</div></td><td class=\"c n xcd3 y42f1 w37 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5,177<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7f6 y42f1 w42 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">340<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcd4 y42f1 w42 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">324<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcd5 y42f1 w37 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5,841<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41d0 w30b h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t of move<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s in exc<span class=\"_ _0\"></span>han<span class=\"_ _0\"></span>ge r<span class=\"_ _0\"></span>ates<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcd6 y41d0 w246 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">70<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcd7 y41d0 w59 h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcd8 y41d0 w67 h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(3)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcd9 y41d0 w70 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">69<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcda y41d0 w3b h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(310)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcdb y41d0 w6a h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(4)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcdc y41d0 w71 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(16)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcdd y41d0 w3b h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(330)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40bd w30c h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l am<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nt re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d in co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>h<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</div></td><td class=\"c n xcde y40bd w33 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(2,585)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcdf y40bd w3a h118\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(239)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xce0 y40bd w4a h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">246</div></td><td class=\"c n xce1 y40bd w33 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(2,578)</div></td><td class=\"c n xce2 y40bd w30 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,843<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xce3 y40bd w42 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">468<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x80f y40bd w37 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,824<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8cf y40bd w37 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">4,135<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 hb y4490 ff5 fs6 fc1 sc0 ls4f ws128\">Cash flo<span class=\"_ _1\"></span>ws </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y40bf w30d h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">Premiums<span class=\"_ _1\"></span> received<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xce4 y40bf w2f h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">13,421<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xce5 y40bf wa4 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xce6 y40bf wa5 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013</div></td><td class=\"c n xce7 y40bf w2f h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">13,421</div></td><td class=\"c n xce8 y40bf w3e h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">14,535<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc82 y40bf wbd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc83 y40bf wbd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013</div></td><td class=\"c n xce9 y40bf wd3 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">14,535<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41dd w30e h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Cla<span class=\"_ _0\"></span>ims a<span class=\"_ _0\"></span>nd ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r dire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tly at<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>bu<span class=\"_ _0\"></span>tab<span class=\"_ _0\"></span>le e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcea y41dd w33 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(6,369)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xceb y41dd wa4 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcec y41dd wa4 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013</div></td><td class=\"c n xc19 y41dd w33 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(6,369)</div></td><td class=\"c n xced y41dd w34 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(5,603)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcee y41dd wbd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcef y41dd wbd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013</div></td><td class=\"c n xcf0 y41dd w34 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(5,603)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4180 w30f h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10e ws54\">Insurance acquisition<span class=\"_ _1\"></span> cash flows<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcf1 y4180 w3a h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(105)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcf2 y4180 wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcf3 y4180 wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcf4 y4180 w3a h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(105)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcf5 y4180 w71 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(90)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcf6 y4180 wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcf7 y4180 wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x21e y4180 w5a h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(90)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y419a w310 h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws0\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l c<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>h fl<span class=\"_ _0\"></span>ows<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcf8 y419a w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">6,947<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcf9 y419a wa5 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcfa y419a wa5 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcfb y419a w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">6,947<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xce2 y419a w30 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">8,842<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcfc y419a wbd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcfd y419a wbd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x861 y419a w30 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">8,842<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w311 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">Closing insurance contract liabilities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcfe y4121 w2f h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">75,495<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcff y4121 w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,982</div></td><td class=\"c n xd00 y4121 w2f h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">13,598</div></td><td class=\"c n xd01 y4121 w2f h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">91,075</div></td><td class=\"c n xd02 y4121 w3e h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">71,133<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd03 y4121 w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,221</div></td><td class=\"c n xd04 y4121 w3e h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">13,352</div></td><td class=\"c n x7ce y4121 w3e h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">86,706<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4184 w312 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10e ws54\">Closing insurance contract<span class=\"_ _1\"></span> assets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd05 y4184 wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd06 y4184 wa4 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd07 y4184 wa4 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd08 y4184 wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd09 y4184 wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd0a y4184 wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd0b y4184 wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd0c y4184 wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w313 h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws0\">Ne<span class=\"_ _0\"></span>t ba<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ce a<span class=\"_ _0\"></span>s at 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd0d y40ae w2f h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">75,495<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd0e y40ae w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,982</div></td><td class=\"c n x961 y40ae w2f h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">13,598</div></td><td class=\"c n xd0f y40ae w2f h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">91,075</div></td><td class=\"c n xd10 y40ae w3e h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">71,133<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd11 y40ae w30 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,221</div></td><td class=\"c n xd12 y40ae w3e h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">13,352</div></td><td class=\"c n xd13 y40ae w3e h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">86,706<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"t m0 h15 ff1 fs5 fc2 sc0 ls18 ws0 gs7ea\">(<span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>) <span class=\"_ _4c\"> </span>Imp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t of cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>ed i<span class=\"_ _0\"></span>n t<span class=\"_ _0\"></span>he yea<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div><div class=\"gs7eb\"><table class=\"s w31d h17d\" id=\"_047b1483-f8d7-4777-9893-1e1f6cd7aed6\"><tr><td></td><td></td><td></td><td class=\"c n xd14 y4492 w31e h11d\"><div class=\"t m0 x1ca h10 y4491 ff5 fs9 fc1 sc0 ls18 ws0\">Of w<span class=\"_ _0\"></span>hi<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>h re<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>s to:<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n xd15 y4494 w31f h17e\"><div class=\"t m0 x1ca h10 y4493 ff4 fs9 fc1 sc0 ls18 ws32\">Of whic<span class=\"_ _0\"></span>h rel<span class=\"_ _0\"></span>ates to:<span class=\"_ _3b2\"> </span></div></td></tr><tr><td></td><td class=\"t m0 x4e5 h13 y4495 ff5 fs9 fc1 sc0 ls38 ws3b\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> impact </td><td></td><td></td><td class=\"t m0 x499 hf y4495 ff3 fs9 fc1 sc0 ls168 ws123\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> impact </td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x4e5 h13 y4496 ff5 fs9 fc1 sc0 ls1 ws16\">of contract<span class=\"_ _0\"></span>s </td><td class=\"t m0 x322 h13 y4496 ff5 fs9 fc1 sc0 ls37 ws3f\">T<span class=\"_ _1\"></span>ransfers<span class=\"_ _1\"></span> or </td><td class=\"t m0 xbc9 h13 y4496 ff5 fs9 fc1 sc0 ls3d ws131\">Onerous </td><td class=\"t m0 x287 h10 y4496 ff4 fs9 fc1 sc0 ls1 ws0\">of<span class=\"_ gs6db\"> </span><span class=\"_ _1\"></span>contracts </td><td class=\"t m0 xd16 hf y4496 ff3 fs9 fc1 sc0 ls1 ws16\">T<span class=\"_ _1\"></span>ransf<span class=\"_ _1\"></span>ers or </td><td class=\"t m0 xd17 hf y4496 ff3 fs9 fc1 sc0 ls45 ws100\">Onero<span class=\"_ _0\"></span>us </td></tr><tr><td></td><td class=\"t m0 xacc h13 y4497 ff5 fs9 fc1 sc0 ls1 ws16\">recognise<span class=\"_ _0\"></span>d in </td><td class=\"t m0 x57d h13 y4497 ff5 fs9 fc1 sc0 ls3d ws131\">business </td><td class=\"t m0 x506 h13 y4497 ff5 fs9 fc1 sc0 ls37 ws7\">contracts </td><td class=\"t m0 xc73 hf y4497 ff3 fs9 fc1 sc0 ls1 ws16\">recognised in </td><td class=\"t m0 x1c8 hf y4497 ff3 fs9 fc1 sc0 ls187 ws19c\">business </td><td class=\"t m0 xd18 hf y4497 ff3 fs9 fc1 sc0 ls1 ws0\">contracts </td></tr><tr><td></td><td class=\"t m0 xd19 h13 y4498 ff5 fs9 fc1 sc0 ls18 ws0\">th<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span> </td><td class=\"t m0 x322 h13 y4498 ff5 fs9 fc1 sc0 ls37 ws7\">acquisitions<span class=\"_ _1\"></span> </td><td class=\"t m0 x4c4 h13 y4498 ff5 fs9 fc1 sc0 ls3d ws131\">issued </td><td class=\"t m0 xb67 hf y4498 ff3 fs9 fc1 sc0 ls18 ws0\">the y<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>r </td><td class=\"t m0 x503 hf y4498 ff3 fs9 fc1 sc0 ls10a ws118\">acquisiti<span class=\"_ _0\"></span>ons </td><td class=\"t m0 x281 hf y4498 ff3 fs9 fc1 sc0 ls1 ws0\">issued </td></tr><tr><td></td><td class=\"t m0 x7c4 h13 y4499 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x430 h13 y4499 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x26f h13 y4499 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x26c hf y4499 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x7c5 hf y4499 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c7 hf y4499 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m0 x464 h13 y449a ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 xac3 h13 y449a ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x465 h13 y449a ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x466 hf y449a ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x467 hf y449a ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 hf y449a ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 hb y449b ff6 fs6 fc1 sc0 ls56 ws55\">Es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es of pr<span class=\"_ _0\"></span>ese<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t val<span class=\"_ _0\"></span>ue of ca<span class=\"_ _0\"></span>sh ou<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>fl<span class=\"_ _0\"></span>ows<span class=\"_ _0\"></span> </td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y40bf w30f h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10e ws54\">Insurance acquisition<span class=\"_ _1\"></span> cash flows<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd1a y40bf w4a h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">105<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd1b y40bf wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc8f y40bf wa6 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd1c y40bf w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">90<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd1d y40bf wbf h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd1e y40bf wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y435a w320 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Cla<span class=\"_ _0\"></span>ims a<span class=\"_ _0\"></span>nd ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r ins<span class=\"_ _0\"></span>ura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ses p<span class=\"_ _0\"></span>ayab<span class=\"_ _0\"></span>le<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd1f y435a w2f h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">11,255<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd20 y435a wa5 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd21 y435a wa6 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013</div></td><td class=\"c n xd22 y435a wd3 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">13,208<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd23 y435a wbd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3e0 y435a wbd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4199 w321 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">Es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es of pr<span class=\"_ _0\"></span>ese<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t val<span class=\"_ _0\"></span>ue of ca<span class=\"_ _0\"></span>sh ou<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>fl<span class=\"_ _0\"></span>ows<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd24 y4199 w2f h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">11,360<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcb8 y4199 wa5 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd25 y4199 wa5 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013</div></td><td class=\"c n xd26 y4199 w3e h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">13,298<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd27 y4199 wbd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd28 y4199 wbd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y435b w322 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">Es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es of pr<span class=\"_ _0\"></span>ese<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t val<span class=\"_ _0\"></span>ue of ca<span class=\"_ _0\"></span>sh in<span class=\"_ _0\"></span>fl<span class=\"_ _0\"></span>ows<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd29 y435b w44 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(12,231)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd2a y435b wa5 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd2b y435b wa5 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013</div></td><td class=\"c n xd2c y435b w45 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(14,603)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd27 y435b wbd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd28 y435b wbd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w323 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Risk adjustment for<span class=\"_ _1\"></span> non<span class=\"_ _0\"></span>-finan<span class=\"_ _0\"></span>cial risk<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd2d y4121 w4a h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">321<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd2e y4121 wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd2f y4121 wa6 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd30 y4121 w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">451<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcf7 y4121 wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd31 y4121 wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ac w324 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">CSM<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd32 y40ac w4a h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">550<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd33 y40ac wa6 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd34 y40ac wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd35 y40ac w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">854<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd36 y40ac wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd37 y40ac wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w325 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">In<span class=\"_ _0\"></span>cr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ase in i<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e con<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t lia<span class=\"_ _0\"></span>bil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s fro<span class=\"_ _0\"></span>m 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 rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e year<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd38 y40ae wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd39 y40ae wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd3a y40ae wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd3b y40ae wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd3c y40ae wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd3d y40ae wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"t m2 h15 ff1 fs5 fc2 sc0 ls18 ws0 gs7ed\">(<span class=\"_ _1\"></span>d) <span class=\"_ _217\"> </span>A<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s dete<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ned on t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nsit<span class=\"_ _0\"></span>ion to I<span class=\"_ _0\"></span>F<span class=\"_ _0\"></span>R<span class=\"_ _0\"></span>S <span class=\"ls32 wsf3\">17<span class=\"_ _0\"></span></span><span class=\"ls1\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs7ee\">Th<span class=\"_ _0\"></span>e Group ha<span class=\"_ _0\"></span>s appli<span class=\"_ _0\"></span>ed the fair val<span class=\"_ _0\"></span>ue tran<span class=\"_ _0\"></span>siti<span class=\"_ _0\"></span>on app<span class=\"_ _0\"></span>roa<span class=\"_ _0\"></span>ch to Annu<span class=\"_ _0\"></span>itie<span class=\"_ _0\"></span>s wri<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ten prio<span class=\"_ _0\"></span>r to 201<span class=\"_ _1\"></span>6, the mo<span class=\"_ _0\"></span>dif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d retros<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ve appro<span class=\"_ _0\"></span>ach to Ann<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>ies </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs7ef\">wri<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ten bet<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n 2016 <span class=\"_ _1\"></span>and 20<span class=\"_ _0\"></span>20 an<span class=\"_ _0\"></span>d the full ret<span class=\"_ _0\"></span>rosp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tive ap<span class=\"_ _0\"></span>proa<span class=\"_ _0\"></span>ch for co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>cts wri<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ten in 20<span class=\"_ _0\"></span>21<span class=\"_ _1\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs7f0\">Det<span class=\"_ _0\"></span>ails of the assu<span class=\"_ _0\"></span>mptio<span class=\"_ _0\"></span>ns app<span class=\"_ _0\"></span>lie<span class=\"_ _0\"></span>d on trans<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>n were disc<span class=\"_ _0\"></span>los<span class=\"_ _0\"></span>ed in the 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3 Ann<span class=\"_ _0\"></span>ual rep<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>t and acc<span class=\"_ _0\"></span>ount<span class=\"_ _0\"></span>s.<span class=\"_ _3b2\"> </span></div><div class=\"gs7f1\"><table class=\"s w326 h17f\" id=\"_96d0415b-e483-4d80-b6ca-783ba80bf4d3\"><tr><td></td><td class=\"t m2 xc6f h13 y449c ff5 fs9 fc1 sc0 ls37 ws3f\">New contra<span class=\"_ _1\"></span>cts </td><td class=\"t m2 xac1 h13 y449c ff5 fs9 fc1 sc0 ls37 ws7\">Contracts </td><td></td><td></td><td class=\"t m2 xd3e hf y449c ff3 fs9 fc1 sc0 ls1 ws16\">New contracts </td><td class=\"t m2 x494 hf y449c ff3 fs9 fc1 sc0 ls1 ws0\">Contracts </td><td></td><td></td></tr><tr><td></td><td class=\"t m2 xd3f h13 y449d ff5 fs9 fc1 sc0 ls37 ws3f\">and contracts </td><td class=\"t m2 x897 h13 y449d ff5 fs9 fc1 sc0 ls29 ws30\">measured </td><td class=\"t m2 xd40 h13 y449d ff5 fs9 fc1 sc0 ls37 ws7\">Contracts </td><td></td><td class=\"t m2 x51c hf y449d ff3 fs9 fc1 sc0 ls1 ws16\">and contracts </td><td class=\"t m2 x494 hf y449d ff3 fs9 fc1 sc0 ls1 ws0\">measured </td><td class=\"t m2 x501 hf y449d ff3 fs9 fc1 sc0 ls1 ws0\">Contracts </td><td></td></tr><tr><td></td><td class=\"t m2 xd41 h13 y449e ff5 fs9 fc1 sc0 ls29 ws30\">measured </td><td class=\"t m2 xac1 h13 y449e ff5 fs9 fc1 sc0 ls3c ws4c\">under th<span class=\"_ _1\"></span>e </td><td class=\"t m2 xd40 h13 y449e ff5 fs9 fc1 sc0 ls29 ws30\">measured </td><td></td><td class=\"t m2 x506 hf y449e ff3 fs9 fc1 sc0 ls1 ws0\">measured </td><td class=\"t m2 xb15 hf y449e ff3 fs9 fc1 sc0 ls1 ws16\">under the </td><td class=\"t m2 x501 hf y449e ff3 fs9 fc1 sc0 ls1 ws0\">measured </td><td></td></tr><tr><td></td><td class=\"t m2 xd42 h13 y449f ff5 fs9 fc1 sc0 ls18 ws0\">un<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r t<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ll </td><td class=\"t m2 xa6f h13 y449f ff5 fs9 fc1 sc0 ls1 ws0\">modified </td><td class=\"t m2 xacc h13 y449f ff5 fs9 fc1 sc0 ls18 ws0\">un<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r t<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>r </td><td></td><td class=\"t m2 xd43 hf y449f ff3 fs9 fc1 sc0 ls18 ws0\">un<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r the f<span class=\"_ _0\"></span>ul<span class=\"_ _0\"></span>l </td><td class=\"t m2 x7bf hf y449f ff3 fs9 fc1 sc0 ls1b ws1f\">modifie<span class=\"_ _0\"></span>d </td><td class=\"t m2 xd44 hf y449f ff3 fs9 fc1 sc0 ls18 ws0\">un<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r the f<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span> </td><td></td></tr><tr><td></td><td class=\"t m2 xd42 h13 y44a0 ff6 fs9 fc1 sc0 ls38 ws3a\">retrospective </td><td class=\"t m2 xc72 h13 y44a0 ff6 fs9 fc1 sc0 ls38 ws3a\">retrospective </td><td class=\"t m2 x45c h13 y44a0 ff6 fs9 fc1 sc0 ls10a ws118\">value<span class=\"_ _0\"></span> </td><td></td><td class=\"t m2 xd45 hf y44a0 ff3 fs9 fc1 sc0 ls1 ws0\">retrospective </td><td class=\"t m2 xc73 hf y44a0 ff3 fs9 fc1 sc0 ls1 ws0\">retrospective </td><td class=\"t m2 x32b hf y44a0 ff3 fs9 fc1 sc0 ls10a ws118\">value <span class=\"ls1 ws0\"> </span></td><td></td></tr><tr><td></td><td class=\"t m2 xd46 h13 y44a1 ff5 fs9 fc1 sc0 ls37 ws7\">approach<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xac1 h13 y44a1 ff5 fs9 fc1 sc0 ls37 ws7\">approach<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x274 h13 y44a1 ff5 fs9 fc1 sc0 ls37 ws7\">approach<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x430 h13 y44a1 ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x286 hf y44a1 ff3 fs9 fc1 sc0 ls88 ws8d\">approach<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xb15 hf y44a1 ff3 fs9 fc1 sc0 ls88 ws8d\">approach<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xd47 hf y44a1 ff3 fs9 fc1 sc0 ls88 ws8d\">approach<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y44a1 ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x7c2 h13 y44a2 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x680 h13 y44a2 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x7c4 h13 y44a2 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x430 h13 y44a2 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x26f hf y44a2 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x26c hf y44a2 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x7c5 hf y44a2 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y44a2 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x7c6 h13 y44a3 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x321 h13 y44a3 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x464 h13 y44a3 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xac3 h13 y44a3 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x465 hf y44a3 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x466 hf y44a3 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x467 hf y44a3 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y44a3 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y43b7 w304 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">Insurance rev<span class=\"_ _1\"></span>enue<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd48 y43b7 w36 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,258<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd49 y43b7 w36 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,154<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd4a y43b7 w36 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,916<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd4b y43b7 w36 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">7,328<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd4c y43b7 w30 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,536<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd4d y43b7 w37 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,138<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd4e y43b7 w37 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,938<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1e8 y43b7 w37 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">6,612<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4304 w327 h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws0\">CS<span class=\"_ _0\"></span>M a<span class=\"_ _0\"></span>s at 1 J<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd4f y4304 w36 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,441<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd50 y4304 w36 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">5,811<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd51 y4304 w36 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">5,100</div></td><td class=\"c n xc6a y4304 w2f h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">13,352<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd52 y4304 w37 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,442<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd53 y4304 w37 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5,659<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd54 y4304 w37 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">4,427</div></td><td class=\"c n xd55 y4304 w3e h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">11,528<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 hb y44a4 ff6 fs6 fc1 sc0 ls56 ws55\">Ch<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>es th<span class=\"_ _0\"></span>at re<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ate to cu<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>nt se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y43a6 w2e8 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">C<span class=\"_ _0\"></span>SM r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nis<span class=\"_ _0\"></span>ed fo<span class=\"_ _0\"></span>r se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>s prov<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>ed<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd56 y43a6 w3a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(193)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd57 y43a6 w3a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(418)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd58 y43a6 w3a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(416)</div></td><td class=\"c n xc19 y43a6 w33 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(1,027)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd59 y43a6 w3b h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(144)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd5a y43a6 w3b h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(396)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd5b y43a6 w3b h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(403)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd5c y43a6 w3b h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(943)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 hb y44a5 ff6 fs6 fc1 sc0 ls56 ws55\">Ch<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>es th<span class=\"_ _0\"></span>at re<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ate to fu<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>re se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4306 w318 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Cha<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>es in e<span class=\"_ _0\"></span>sti<span class=\"_ _0\"></span>mate<span class=\"_ _0\"></span>s whi<span class=\"_ _0\"></span>ch a<span class=\"_ _0\"></span>djus<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e C<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>M<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd5d y4306 w7b h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">52<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd5e y4306 w4a h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">139<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd5f y4306 w4a h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">130<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd60 y4306 w4a h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">321<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd61 y4306 w42 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">228<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd62 y4306 w42 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">408<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd63 y4306 w42 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">969<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd64 y4306 w30 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,605<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4182 w31a h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>ts in<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>all<span class=\"_ _0\"></span>y re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e yea<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd65 y4182 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">550<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd66 y4182 wa4 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd67 y4182 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd68 y4182 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">550<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd69 y4182 w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">854<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc22 y4182 wbd h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc23 y4182 wbd h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x855 y4182 w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">854<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4183 w30a h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Finance expenses/(income) from insurance contracts<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd6a y4183 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">118<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x48b y4183 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">158<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x48c y4183 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">129<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd6b y4183 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">405<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd6c y4183 w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">65<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd6d y4183 w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">149<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9dd y4183 w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">110<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xba0 y4183 w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">324<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4122 w30b h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t of move<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s in exc<span class=\"_ _0\"></span>han<span class=\"_ _0\"></span>ge r<span class=\"_ _0\"></span>ates<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd6e y4122 wa4 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd6f y4122 wa4 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd70 y4122 w67 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(3)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd71 y4122 w67 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(3)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd72 y4122 wc0 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(4)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd73 y4122 w6a h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(9)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd74 y4122 w6a h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(3)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd75 y4122 w71 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(16)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w328 h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws0\">CS<span class=\"_ _0\"></span>M a<span class=\"_ _0\"></span>s at 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd76 y40ae w36 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,968<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd77 y40ae w36 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">5,690<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd78 y40ae w36 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">4,940</div></td><td class=\"c n xc3c y40ae w2f h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">13,598<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd79 y40ae w37 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,441<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd7a y40ae w37 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5,811<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd7b y40ae w37 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5,100</div></td><td class=\"c n xd7c y40ae w3e h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">13,352<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"t m2 h21 ff1 fs10 fc2 sc0 ls77 ws0 gs7f2\">(iv<span class=\"_ _4\"></span>) <span class=\"_ _c\"> </span>A<span class=\"_ _3\"></span>nnu<span class=\"_ _0\"></span>ities \u2013 R<span class=\"_ _0\"></span>ei<span class=\"_ _0\"></span>nsu<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ance c<span class=\"_ _0\"></span>ontrac<span class=\"_ _0\"></span>ts held<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h15 ff1 fs5 fc2 sc0 ls18 ws0 gs7f3\">(<span class=\"_ _1\"></span>a) <span class=\"_ _8\"> </span>R<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>onci<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ation of t<span class=\"_ _0\"></span>he re<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g cover<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ge and i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>red cl<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ms<span class=\"_ _3b2\"> </span></div><div class=\"gs7f4\"><table class=\"s w1e3 h180\" id=\"_9e381926-4306-41e4-8a32-faafb98e9862\"><tr><td></td><td></td><td class=\"c n xd7d y44a6 w2d9 h11d\"><div class=\"t m2 x1ca hf y40a5 ff6 fs9 fc1 sc0 ls18 ws32\">As<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t for r<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g cove<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td></td><td class=\"c n xd7e y44a7 w329 h11e\"><div class=\"t m2 x1ca hf y40a7 ff3 fs9 fc1 sc0 ls1 ws16\">Asset for<span class=\"_ _1\"></span> remaining cov<span class=\"_ _1\"></span>erage<span class=\"_ _3b2\"> </span></div></td><td></td><td></td></tr><tr><td></td><td class=\"t m2 xd7f h13 y44a8 ff5 fs9 fc1 sc0 ls3d ws131\" colspan=\"2\">Excluding<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xaa3 h13 y44a8 ff5 fs9 fc1 sc0 ls3d ws86\">Asset for<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m2 x9f6 hf y44a8 ff3 fs9 fc1 sc0 ls189 ws1ab\" colspan=\"2\">Excluding<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xd80 hf y44a8 ff3 fs9 fc1 sc0 ls1 ws16\">Asset for<span class=\"_ _3b2\"> </span></td><td></td></tr><tr><td></td><td class=\"t m2 xd46 h13 y44a9 ff6 fs9 fc1 sc0 ls18 ws32\">lo<span class=\"_ _0\"></span>ss re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ove<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xac1 h13 y44a9 ff6 fs9 fc1 sc0 ls18 ws32\">Lo<span class=\"_ _0\"></span>ss re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ove<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x7c4 h13 y44a9 ff5 fs9 fc1 sc0 ls38 ws3a\">incurred<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m2 x498 hf y44a9 ff3 fs9 fc1 sc0 ls16a ws34\">loss re<span class=\"_ _0\"></span>cover<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x287 hf y44a9 ff3 fs9 fc1 sc0 ls16a ws34\">Loss re<span class=\"_ _0\"></span>cover<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x326 hf y44a9 ff3 fs9 fc1 sc0 ls193 ws1b7\">incur<span class=\"_ _0\"></span>red<span class=\"_ _3b2\"> </span></td><td></td></tr><tr><td></td><td class=\"t m2 x5ee h13 y44aa ff5 fs9 fc1 sc0 ls14a ws164\">component<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xa4e h13 y44aa ff5 fs9 fc1 sc0 ls14a ws164\">component </td><td class=\"t m2 x464 h13 y44aa ff5 fs9 fc1 sc0 ls29 ws30\">claims<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x432 h13 y44aa ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x4c5 hf y44aa ff3 fs9 fc1 sc0 ls3b ws45\">component<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xb15 hf y44aa ff3 fs9 fc1 sc0 ls3b ws45\">component </td><td class=\"t m2 x32b hf y44aa ff3 fs9 fc1 sc0 ls187 ws19c\">claims<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y44aa ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x327 h13 y44ab ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xd81 h13 y44ab ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xd82 h13 y44ab ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x432 h13 y44ab ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x27e hf y44ab ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x9fa hf y44ab ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xd83 hf y44ab ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y44ab ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 xc70 h13 y44ac ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x8d0 h13 y44ac ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xa71 h13 y44ac ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xd84 h13 y44ac ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xac2 hf y44ac ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x42c hf y44ac ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x271 hf y44ac ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y44ac ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y44ad w32a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Opening reinsurance contrac<span class=\"_ _0\"></span>t liabilities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd85 y44ad wb4 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(1)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd86 y44ad wa4 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd87 y44ad w59 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd88 y44ad wa6 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd89 y44ad w6a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(1)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd8a y44ad wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd8b y44ad w75 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa19 y44ad wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y44ae w32b h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws54\">Opening reinsurance contract asset<span class=\"_ _1\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd8c y44ae w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">4,682<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd8d y44ae w1e1 h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd8e y44ae w246 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">75</div></td><td class=\"c n x4b1 y44ae w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">4,758<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd8f y44ae w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,459<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd90 y44ae w75 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd91 y44ae w39 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">34</div></td><td class=\"c n x253 y44ae w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,495<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y44af w303 h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws0\">Ne<span class=\"_ _0\"></span>t ba<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ce a<span class=\"_ _0\"></span>s at 1 J<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>ar<span class=\"_ _3\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd92 y44af w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">4,681<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd93 y44af w1e1 h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd94 y44af w7b h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">76</div></td><td class=\"c n xd95 y44af w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">4,758<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd96 y44af w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,458<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd97 y44af w50 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd98 y44af w39 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">35</div></td><td class=\"c n x1ce y44af w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,495<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y44b0 w32c h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws23\">Allocation of<span class=\"_ _1\"></span> reinsurance premium<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd99 y44b0 w33 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(3,221)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd9a y44b0 wa5 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd9b y44b0 wa5 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013</div></td><td class=\"c n xd9c y44b0 w33 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(3,221)</div></td><td class=\"c n xd9d y44b0 w34 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(2,847)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd9e y44b0 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd9f y44b0 wbf h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013</div></td><td class=\"c n xda0 y44b0 w34 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(2,847)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 hb y44b1 ff6 fs6 fc1 sc0 ls56 ws55\">Am<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t rec<span class=\"_ _0\"></span>ove<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>le fr<span class=\"_ _0\"></span>om re<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s for in<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d cl<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>ms<span class=\"_ _0\"></span> </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m2 x206 h1a y44b2 ff3 fs6 fc1 sc0 ls56 ws0\">Am<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nts r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>over<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le fo<span class=\"_ _0\"></span>r cla<span class=\"_ _0\"></span>ims a<span class=\"_ _0\"></span>nd ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r exp<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span> </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y44b3 w32d h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">inc<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e yea<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xda1 y44b3 w7b h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">24<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xda2 y44b3 wa5 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013</div></td><td class=\"c n xda3 y44b3 w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,790</div></td><td class=\"c n xda4 y44b3 w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,814<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xda5 y44b3 w50 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xda6 y44b3 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013</div></td><td class=\"c n xda7 y44b3 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,415</div></td><td class=\"c n x56a y44b3 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,416<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y44b4 w307 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Cha<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>es th<span class=\"_ _0\"></span>at re<span class=\"_ _0\"></span>late to pas<span class=\"_ _0\"></span>t se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xda8 y44b4 wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xda9 y44b4 wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xdaa y44b4 wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xdab y44b4 wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xdac y44b4 wbf h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xdad y44b4 wbf h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xdae y44b4 wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcad y44b4 wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 h1a y44b5 ff3 fs6 fc1 sc0 ls56 ws0\">Cha<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>es in e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted f<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>ure re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>over<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s whi<span class=\"_ _0\"></span>ch re<span class=\"_ _0\"></span>late<span class=\"_ _0\"></span> </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y44b6 w32e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">to<span class=\"_ gs5e1\"> </span>one<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>us und<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ly<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>cts<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xdaf y44b6 wa5 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xdb0 y44b6 wa5 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xdb1 y44b6 wa5 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xdb2 y44b6 wa5 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xdb3 y44b6 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xdb4 y44b6 wbf h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xdb5 y44b6 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xdb6 y44b6 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 h1a y44b7 ff3 fs6 fc1 sc0 ls56 ws0\">Rec<span class=\"_ _0\"></span>ove<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y of re<span class=\"_ _0\"></span>ins<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t lo<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>es \u2013 ad<span class=\"_ _0\"></span>jus<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m2 x206 hc y44b8 ff4 fs6 fc1 sc0 ls56 ws55\">to<span class=\"_ gs5e1\"> </span>los<span class=\"_ _0\"></span>s reco<span class=\"_ _0\"></span>ver<span class=\"_ _3\"></span>y comp<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t for chan<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>s in fulf<span class=\"_ _0\"></span>ilm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y44b9 w32f h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">cas<span class=\"_ _0\"></span>h<span class=\"_ gs5e1\"> </span>f<span class=\"_ _0\"></span>lows<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xdb7 y44b9 wa5 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xdb8 y44b9 wb4 h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(1)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xdb9 y44b9 wa4 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xdba y44b9 w67 h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(1)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xdbb y44b9 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xdbc y44b9 w6a h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(1)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xdbd y44b9 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xdbe y44b9 wc0 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(1)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y44ba w330 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Cha<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>e in n<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>man<span class=\"_ _0\"></span>ce r<span class=\"_ _0\"></span>isk o<span class=\"_ _0\"></span>f rein<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>rer<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xdbf y44ba wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xdc0 y44ba wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xdc1 y44ba wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xdc2 y44ba wa6 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xdc3 y44ba wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xdc4 y44ba wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xdc5 y44ba wbf h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xdc6 y44ba wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y44bb w331 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">Am<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t rec<span class=\"_ _0\"></span>ove<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>le fr<span class=\"_ _0\"></span>om re<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s for in<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d cl<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>ms<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xdc7 y44bb w246 h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">24<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xdc8 y44bb wb4 h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(1)</div></td><td class=\"c n xdc9 y44bb w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,790</div></td><td class=\"c n xdca y44bb w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,813<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xdcb y44bb w50 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xdcc y44bb w6a h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(1)</div></td><td class=\"c n xdcd y44bb w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,415</div></td><td class=\"c n xdce y44bb w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,415<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y44bc w332 h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls11c ws25\">Net (<span class=\"_ _1\"></span>expense<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>)/income fr<span class=\"_ _1\"></span>om reinsurance<span class=\"_ _1\"></span> contracts<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xdcf y44bc w33 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(3,197)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xdd0 y44bc wb4 h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(1)</div></td><td class=\"c n xdd1 y44bc w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,790<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xdd2 y44bc w3a h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(408)</div></td><td class=\"c n xdd3 y44bc w34 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(2,846)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xdd4 y44bc wc0 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(1)</div></td><td class=\"c n xdd5 y44bc w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,415<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc92 y44bc w4d h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(432)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y44bd w333 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls12e wsca\">Finance<span class=\"_ _1\"></span> income/<span class=\"_ _1\"></span>(<span class=\"_ _1\"></span>expense<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>) from<span class=\"_ _1\"></span> rei<span class=\"_ _1\"></span>nsurance<span class=\"_ _1\"></span> contra<span class=\"_ _1\"></span>cts<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xdd6 y44bd w3a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(114)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xdd7 y44bd wa4 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xdd8 y44bd wa4 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xdd9 y44bd w3a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(114)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xdda y44bd w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">625<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xddb y44bd wbf h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xddc y44bd wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xddd y44bd w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">625<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y44be w30b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t of move<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s in exc<span class=\"_ _0\"></span>han<span class=\"_ _0\"></span>ge r<span class=\"_ _0\"></span>ates<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xdde y44be w1e1 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd86 y44be wa4 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd87 y44be w59 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xddf y44be w59 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">5<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xde0 y44be w5a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(25)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xde1 y44be wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xde2 y44be wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xde3 y44be w5a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(25)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y44bf w30c h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l am<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nt re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d in co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>h<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=\"_ _3b2\"> </span></div></td><td class=\"c n xde4 y44bf w33 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(3,307)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xde5 y44bf wb4 h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(1)</div></td><td class=\"c n xde6 y44bf w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,791<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xde7 y44bf w3a h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(517)</div></td><td class=\"c n xde8 y44bf w34 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(2,246)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xde9 y44bf w6a h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(1)</div></td><td class=\"c n xdea y44bf w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,415<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x654 y44bf w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">168<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y44c0 wc4 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws23\">Inv<span class=\"_ _1\"></span>estment<span class=\"_ _1\"></span> components<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xdeb y44c0 wb4 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(4)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xdec y44c0 wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xded y44c0 w1e1 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xdee y44c0 wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xdef y44c0 w6a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(4)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xdf0 y44c0 wbf h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xdf1 y44c0 w75 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa90 y44c0 wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 hb y44c1 ff5 fs6 fc1 sc0 ls4f ws128\">Cash flo<span class=\"_ _1\"></span>ws </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m2 x206 h1a y44c2 ff3 fs6 fc1 sc0 ls56 ws0\">Pre<span class=\"_ _0\"></span>miu<span class=\"_ _0\"></span>ms n<span class=\"_ _0\"></span>et of c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>mis<span class=\"_ _0\"></span>sio<span class=\"_ _0\"></span>n an<span class=\"_ _0\"></span>d oth<span class=\"_ _0\"></span>er di<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>ctl<span class=\"_ _0\"></span>y </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y414b w334 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10a ws5a\">attributable expenses<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xdf2 y414b w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">4,709<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xdf3 y414b wa5 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xdf4 y414b wa5 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013</div></td><td class=\"c n xdf5 y414b w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">4,709<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xdf6 y414b w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">4,464<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xdf7 y414b wbf h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xdf8 y414b wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013</div></td><td class=\"c n xdf9 y414b w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">4,464<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y445d w335 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">Recoveries from reinsurance<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xdfa y445d wa5 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xdfb y445d wa5 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013</div></td><td class=\"c n xdfc y445d w33 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(2,306)</div></td><td class=\"c n xdfd y445d w33 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(2,306)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xdfe y445d wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xdff y445d wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013</div></td><td class=\"c n xe00 y445d w34 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(2,378)</div></td><td class=\"c n xe01 y445d w34 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(2,378)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y414d w336 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10e ws54\">Reinsurance pre-<span class=\"_ _0\"></span>recognition cash flows<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe02 y414d w1e1 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">5<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xdc0 y414d wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xdc1 y414d wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe03 y414d wa8 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">5<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe04 y414d w75 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">9<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe05 y414d wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe06 y414d wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe07 y414d w50 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">9<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y414e w310 h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws0\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l c<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>h fl<span class=\"_ _0\"></span>ows<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe08 y414e w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">4,714<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe09 y414e wa4 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013</div></td><td class=\"c n xe0a y414e w33 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(2,306)</div></td><td class=\"c n xe0b y414e w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,408<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe0c y414e w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">4,473<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe0d y414e wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013</div></td><td class=\"c n xe0e y414e w34 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(2,378)</div></td><td class=\"c n xe0f y414e w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,095<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y414f w337 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Closing reinsurance contract liabilities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe10 y414f w41 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(24)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe11 y414f wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe12 y414f w246 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">22<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe13 y414f w67 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(2)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe14 y414f wc0 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(1)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe15 y414f wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe16 y414f w50 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe17 y414f wbf h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4150 w338 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws54\">Closing reinsurance<span class=\"_ _1\"></span> contract assets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe18 y4150 w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">6,108<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe19 y4150 wa5 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe1a y4150 w4a h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">543</div></td><td class=\"c n xe1b y4150 w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">6,651<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe1c y4150 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">4,682<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe1d y4150 w50 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe1e y4150 w39 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">75</div></td><td class=\"c n xe1f y4150 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">4,758<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w313 h176\"><div class=\"t m2 x1ca hc y445f ff5 fs6 fc1 sc0 ls56 ws0\">Ne<span class=\"_ _0\"></span>t ba<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ce a<span class=\"_ _0\"></span>s at 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe20 y40ae w36 h176\"><div class=\"t m2 x1ca hc y445f ff6 fs6 fc1 sc0 ls56 ws55\">6,084<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe21 y40ae wa4 h176\"><div class=\"t m2 x1ca hc y445f ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe22 y40ae w4a h176\"><div class=\"t m2 x1ca hc y445f ff6 fs6 fc1 sc0 ls56 ws55\">565</div></td><td class=\"c n xe23 y40ae w36 h176\"><div class=\"t m2 x1ca hc y445f ff6 fs6 fc1 sc0 ls56 ws55\">6,649<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe24 y40ae w30 h175\"><div class=\"t m2 x1ca hc y445f ff4 fs6 fc1 sc0 ls56 ws55\">4,681<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe25 y40ae w75 h176\"><div class=\"t m2 x1ca hc y445f ff3 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe26 y40ae w39 h176\"><div class=\"t m2 x1ca hc y445f ff3 fs6 fc1 sc0 ls56 ws55\">76</div></td><td class=\"c n x241 y40ae w37 h175\"><div class=\"t m2 x1ca hc y445f ff4 fs6 fc1 sc0 ls56 ws55\">4,758<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"t m0 h15 ff1 fs5 fc2 sc0 ls18 ws0 gs7f6\">(b) <span class=\"_ _7\"> </span>R<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>onci<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>iat<span class=\"_ _0\"></span>ion of t<span class=\"_ _0\"></span>he me<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ement c<span class=\"_ _0\"></span>ompone<span class=\"_ _0\"></span>nts of re<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nce c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t ba<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nces<span class=\"_ _3b2\"> </span></div><div class=\"gs6f3\"><table class=\"s w339 h181\" id=\"_04af4e82-94d7-4a35-82c5-6a71ffb7d2ae\"><tr><td></td><td></td><td class=\"t m0 x6c1 h13 y44c3 ff5 fs9 fc1 sc0 ls1 ws0\">Risk </td><td></td><td></td><td></td><td class=\"t m0 x4d5 hf y44c3 ff3 fs9 fc1 sc0 ls1 ws0\">Risk </td><td></td><td></td></tr><tr><td></td><td class=\"t m0 xc6f h13 y44c4 ff6 fs9 fc1 sc0 ls38 ws3a\">Present <span class=\"_ _1\"></span>value </td><td class=\"t m0 xc70 h13 y44c4 ff5 fs9 fc1 sc0 ls3d ws86\">adjustment for </td><td></td><td></td><td class=\"t m0 x529 hf y44c4 ff3 fs9 fc1 sc0 ls168 ws123\">Present value </td><td class=\"t m0 x433 hf y44c4 ff3 fs9 fc1 sc0 ls187 ws41\">adjustment for </td><td></td><td></td></tr><tr><td></td><td class=\"t m0 xc71 h13 y44c5 ff5 fs9 fc1 sc0 ls29 wsf7\">of future cash </td><td class=\"t m0 xc72 h13 y44c5 ff5 fs9 fc1 sc0 ls38 ws3a\">non-financial </td><td></td><td></td><td class=\"t m0 x51c hf y44c5 ff3 fs9 fc1 sc0 ls1 ws16\">of future<span class=\"_ _1\"></span> cash </td><td class=\"t m0 xc73 hf y44c5 ff3 fs9 fc1 sc0 ls187 ws19c\">non-<span class=\"_ _0\"></span>financial </td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x7bd h13 y44c6 ff5 fs9 fc1 sc0 ls45 ws100\">flows </td><td class=\"t m0 x273 h13 y44c6 ff5 fs9 fc1 sc0 ls115 ws4f\">risk </td><td class=\"t m0 xac4 h13 y44c6 ff5 fs9 fc1 sc0 ls1 ws0\">CSM </td><td class=\"t m0 x430 h13 y44c6 ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x493 hf y44c6 ff3 fs9 fc1 sc0 ls16a ws185\">flows<span class=\"_ _0\"></span> </td><td class=\"t m0 xc74 hf y44c6 ff3 fs9 fc1 sc0 ls1 ws0\">risk </td><td class=\"t m0 x7c5 hf y44c6 ff3 fs9 fc1 sc0 ls1 ws0\">CSM </td><td class=\"t m0 x1c7 hf y44c6 ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m0 xc75 h13 y44c7 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x7c3 h13 y44c7 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x7c4 h13 y44c7 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x430 h13 y44c7 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x26f hf y44c7 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x26c hf y44c7 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x7c5 hf y44c7 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c7 hf y44c7 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m0 x8d2 h13 y44c8 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x321 h13 y44c8 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x464 h13 y44c8 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 xac3 h13 y44c8 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x465 hf y44c8 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x466 hf y44c8 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x467 hf y44c8 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 hf y44c8 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y44c9 w32a h116\"><div class=\"t m0 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls55 ws59\">Opening reinsurance contrac<span class=\"_ _0\"></span>t liabilities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe27 y44c9 w1e1 h116\"><div class=\"t m0 x1ca h1a y40b1 ff5 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe28 y44c9 w7b h116\"><div class=\"t m0 x1ca h1a y40b1 ff5 fs6 fc1 sc0 ls56 ws55\">10<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe29 y44c9 w14c h116\"><div class=\"t m0 x1ca h1a y40b1 ff5 fs6 fc1 sc0 ls56 ws55\">(11)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe2a y44c9 wa6 h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe2b y44c9 w75 h116\"><div class=\"t m0 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls1 ws0\">5<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe2c y44c9 w50 h116\"><div class=\"t m0 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe2d y44c9 w5a h116\"><div class=\"t m0 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls56 ws55\">(12)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe2e y44c9 wbd h116\"><div class=\"t m0 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y44ca w32b h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws54\">Opening reinsurance contract asset<span class=\"_ _1\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe2f y44ca w36 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,283<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe30 y44ca w36 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,103<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe31 y44ca w36 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,372<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe32 y44ca w36 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">4,758<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe33 y44ca w71 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(43)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe34 y44ca w4b h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">818<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe35 y44ca w37 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,720<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe36 y44ca w37 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,495<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y44cb w303 h118\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws0\">Ne<span class=\"_ _0\"></span>t ba<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ce a<span class=\"_ _0\"></span>s at 1 J<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>ar<span class=\"_ _3\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe37 y44cb w36 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,284<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe38 y44cb w36 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,113<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe39 y44cb w36 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,361<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x82f y44cb w36 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">4,758<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe3a y44cb w71 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(38)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe3b y44cb w42 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">825<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe3c y44cb w37 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,708<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8cf y44cb w37 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,495<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 hb y44cc ff6 fs6 fc1 sc0 ls56 ws55\">Ch<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>es th<span class=\"_ _0\"></span>at re<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ate to cu<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>nt se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y44cd w33a h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">C<span class=\"_ _0\"></span>SM r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nis<span class=\"_ _0\"></span>ed fo<span class=\"_ _0\"></span>r se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>s rec<span class=\"_ _0\"></span>ei<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe3d y44cd wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe3e y44cd wa4 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe3f y44cd w3a h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(166)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe40 y44cd w3a h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(166)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xbf3 y44cd wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xbf4 y44cd wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe41 y44cd w4d h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(156)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5ce y44cd w4d h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(156)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 h1a y44ce ff3 fs6 fc1 sc0 ls55 ws59\">Change in the risk adj<span class=\"_ _1\"></span>ustment for non-f<span class=\"_ _0\"></span>inancial </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y44cf w33b h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">ris<span class=\"_ _0\"></span>k<span class=\"_ gs5e1\"> </span>for ris<span class=\"_ _0\"></span>k expi<span class=\"_ _0\"></span>red<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe42 y44cf wa5 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe43 y44cf w3a h118\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(235)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe44 y44cf wa4 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe45 y44cf w3a h118\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(235)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe46 y44cf wbf h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe47 y44cf w3b h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(193)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe48 y44cf wbd h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe49 y44cf w4d h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(193)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y44d0 w316 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws23\">Experience adju<span class=\"_ _1\"></span>stments<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe4a y44d0 wb4 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(7)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc9c y44d0 wa4 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc9d y44d0 wa4 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe4b y44d0 w67 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(7)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe4c y44d0 w71 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(81)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x995 y44d0 wbf h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe4d y44d0 wbf h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe4e y44d0 w71 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(81)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y44d1 w317 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l ch<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>at re<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>te to cu<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe4f y44d1 w67 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(7)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe50 y44d1 w3a h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(235)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe51 y44d1 w3a h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(166)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe52 y44d1 w3a h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(408)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe53 y44d1 w5a h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(81)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe54 y44d1 w3b h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(193)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe55 y44d1 w3b h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(156)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe56 y44d1 w3b h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(430)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 hb y44d2 ff6 fs6 fc1 sc0 ls56 ws55\">Ch<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>es th<span class=\"_ _0\"></span>at re<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ate to fu<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>re se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y44d3 w318 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Cha<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>es in e<span class=\"_ _0\"></span>sti<span class=\"_ _0\"></span>mate<span class=\"_ _0\"></span>s whi<span class=\"_ _0\"></span>ch a<span class=\"_ _0\"></span>djus<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e C<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>M<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe57 y44d3 w41 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(68)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe58 y44d3 w14c h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(56)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe59 y44d3 w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">124<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x839 y44d3 wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe5a y44d3 w3b h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(902)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe5b y44d3 w39 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">43<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe5c y44d3 w42 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">859<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe5d y44d3 wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 h1a y44d4 ff3 fs6 fc1 sc0 ls10a ws5a\">Changes in estimat<span class=\"_ _1\"></span>es that<span class=\"_ _1\"></span> result in losses or<span class=\"_ _1\"></span> reversal </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y44d5 w33c h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">of los<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s on un<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>rl<span class=\"_ _0\"></span>yi<span class=\"_ _0\"></span>ng o<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>s co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>ts<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe5e y44d5 wa4 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe5f y44d5 wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe60 y44d5 wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe61 y44d5 wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe62 y44d5 wc0 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(2)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x54e y44d5 wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe63 y44d5 wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe64 y44d5 w6a h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(2)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y44d6 w31a h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>ts in<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>all<span class=\"_ _0\"></span>y re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e yea<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcb5 y44d6 w3a h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(183)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcb6 y44d6 w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">197<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe65 y44d6 w41 h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(14)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe66 y44d6 wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe67 y44d6 w3b h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(181)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe68 y44d6 w42 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">271<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe69 y44d6 w5a h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(90)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe6a y44d6 wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y44d7 w31b h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l ch<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>at re<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>te to fu<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>re se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe6b y44d7 w3a h118\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(251)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe6c y44d7 w4a h118\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">141<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe6d y44d7 w4a h118\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">110<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa10 y44d7 wa5 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013</div></td><td class=\"c n xe6e y44d7 w34 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(1,085)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe6f y44d7 w42 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">314<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe70 y44d7 w42 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">769<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe71 y44d7 w6a h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(2)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 hb y44d8 ff6 fs6 fc1 sc0 ls56 ws55\">Ch<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>es th<span class=\"_ _0\"></span>at re<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ate to pa<span class=\"_ _0\"></span>st se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y44d9 w31c h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Claims variance<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe72 y44d9 wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe73 y44d9 wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe74 y44d9 wa4 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe75 y44d9 wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe76 y44d9 wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x523 y44d9 wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcc8 y44d9 wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe77 y44d9 wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y44da w330 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Cha<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>e in n<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>man<span class=\"_ _0\"></span>ce r<span class=\"_ _0\"></span>isk o<span class=\"_ _0\"></span>f rein<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>rer<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe78 y44da wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe79 y44da wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe7a y44da wa4 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe7b y44da wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe7c y44da wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe7d y44da wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe7e y44da wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa19 y44da wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4116 w332 h118\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls11c ws25\">Net (<span class=\"_ _1\"></span>expense<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>)/income fr<span class=\"_ _1\"></span>om reinsurance<span class=\"_ _1\"></span> contracts<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe7f y4116 w3a h118\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(258)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe80 y4116 w41 h118\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(94)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe81 y4116 w41 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(56)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe82 y4116 w3a h118\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(408)</div></td><td class=\"c n xe83 y4116 w34 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(1,166)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe84 y4116 w4b h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">121<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe85 y4116 w4b h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">613<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe86 y4116 w3b h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(432)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y44db w33d h182\"><div class=\"t m0 x1ca h1a y4239 ff3 fs6 fc1 sc0 ls12e wsca\">Finance<span class=\"_ _1\"></span> income/<span class=\"_ _1\"></span>(<span class=\"_ _1\"></span>expense<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>) from<span class=\"_ _3b2\"> </span></div><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls10e ws11c\">reinsurance<span class=\"_ gs5e1\"> </span>contracts<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe87 y44db w3a h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(159)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe88 y44db wb4 h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(9)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe89 y44db w7b h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">54<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x72a y44db w3a h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(114)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4b2 y44db w4b h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">417<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe8a y44db w4b h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">168<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe8b y44db w39 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">40<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe8c y44db w42 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">625<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y44dc w30b h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t of move<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s in exc<span class=\"_ _0\"></span>han<span class=\"_ _0\"></span>ge r<span class=\"_ _0\"></span>ates<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe8d y44dc w1e1 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe8e y44dc w1e1 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x477 y44dc wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe8f y44dc w59 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">5<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe90 y44dc w5a h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(24)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe91 y44dc w6a h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(1)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe92 y44dc wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x358 y44dc w5a h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(25)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y44dd w30c h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l am<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nt re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d in co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>h<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=\"_ _3b2\"> </span></div></td><td class=\"c n xe93 y44dd w3a h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(413)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe94 y44dd w3a h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(102)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe95 y44dd wb4 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(2)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe96 y44dd w3a h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(517)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe97 y44dd w3b h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(773)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe84 y44dd w4b h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">288<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe85 y44dd w4b h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">653<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe98 y44dd w4b h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">168<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 hb y44de ff5 fs6 fc1 sc0 ls4f ws128\">Cash flo<span class=\"_ _1\"></span>ws </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x206 h1a y44df ff3 fs6 fc1 sc0 ls56 ws0\">Pre<span class=\"_ _0\"></span>miu<span class=\"_ _0\"></span>ms n<span class=\"_ _0\"></span>et of c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>mis<span class=\"_ _0\"></span>sio<span class=\"_ _0\"></span>n an<span class=\"_ _0\"></span>d oth<span class=\"_ _0\"></span>er di<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>ctl<span class=\"_ _0\"></span>y </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y40bf w334 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10a ws5a\">attributable expenses<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe99 y40bf w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">4,709<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe9a y40bf wa5 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcec y40bf wa4 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd4b y40bf w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">4,709<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd4c y40bf w30 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">4,464<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe9b y40bf wbd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe9c y40bf wbd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe9d y40bf w30 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">4,464<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c0 w335 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">Recoveries from reinsurance<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe9e y40c0 w33 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(2,306)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe9f y40c0 wa5 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xea0 y40c0 wa5 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013</div></td><td class=\"c n xea1 y40c0 w33 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(2,306)</div></td><td class=\"c n xea2 y40c0 w34 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(2,378)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xea3 y40c0 wbd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xea4 y40c0 wbd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xea5 y40c0 w34 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(2,378)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4180 w336 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10e ws54\">Reinsurance pre-<span class=\"_ _0\"></span>recognition cash flows<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xea6 y4180 w1e1 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">5<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xea7 y4180 wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xea8 y4180 wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xea9 y4180 wa8 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">5<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xeaa y4180 w50 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">9<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xbdc y4180 wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xbdd y4180 wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xeab y4180 w50 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">9<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c2 w310 h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws0\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l c<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>h fl<span class=\"_ _0\"></span>ows<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcf8 y40c2 w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,408<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcf9 y40c2 wa5 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcfa y40c2 wa5 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcfb y40c2 w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,408<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xce2 y40c2 w30 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,095<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcfc y40c2 wbd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcfd y40c2 wbd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x861 y40c2 w30 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,095<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4183 w337 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Closing reinsurance contract liabilities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xeac y4183 w14c h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(11)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xead y4183 w59 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">8<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xeae y4183 w1e1 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xeaf y4183 w6d h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(2)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xeb0 y4183 w50 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xeb1 y4183 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">10<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xeb2 y4183 w5a h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(11)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xeb3 y4183 wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4158 w338 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws54\">Closing reinsurance<span class=\"_ _1\"></span> contract assets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xeb4 y4158 w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">3,290<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xeb5 y4158 w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,003<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xeb6 y4158 w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,358<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xeb7 y4158 w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">6,651<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xeb8 y4158 w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,283<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xeb9 y4158 w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,103<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xeba y4158 w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,372<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xebb y4158 w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">4,758<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w313 h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws0\">Ne<span class=\"_ _0\"></span>t ba<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ce a<span class=\"_ _0\"></span>s at 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xebc y40ae w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">3,279<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xebd y40ae w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,011<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x974 y40ae w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,359<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x925 y40ae w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">6,649<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xebe y40ae w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,284<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xebf y40ae w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,113<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xec0 y40ae w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,361<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xec1 y40ae w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">4,758<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"t m0 h15 ff1 fs5 fc2 sc0 ls18 ws0 gs7f7\">(<span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>) <span class=\"_ _4c\"> </span>Imp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t of cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>ed i<span class=\"_ _0\"></span>n t<span class=\"_ _0\"></span>he yea<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div><div class=\"gs7f8\"><table class=\"s w299 h183\" id=\"_e27f3d81-9d26-40bf-898d-e5e5e2dff9f2\"><tr><td></td><td></td><td></td><td class=\"c n xd14 y44e0 w31e h11d\"><div class=\"t m0 x1ca h10 y4491 ff5 fs9 fc1 sc0 ls18 ws0\">Of w<span class=\"_ _0\"></span>hi<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>h re<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>s to:<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n xd15 y44e1 w31f h17e\"><div class=\"t m0 x1ca h10 y4493 ff4 fs9 fc1 sc0 ls18 ws32\">Of whic<span class=\"_ _0\"></span>h rel<span class=\"_ _0\"></span>ates to:<span class=\"_ _3b2\"> </span></div></td></tr><tr><td></td><td class=\"t m0 x4e5 h13 y44e2 ff5 fs9 fc1 sc0 ls38 ws3b\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> impact </td><td></td><td class=\"t m0 x4ec h13 y44e2 ff5 fs9 fc1 sc0 ls37 ws7\">Contracts </td><td class=\"t m0 x499 hf y44e2 ff3 fs9 fc1 sc0 ls168 ws123\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> impact </td><td></td><td class=\"t m0 xec2 hf y44e2 ff3 fs9 fc1 sc0 ls1 ws0\">Contracts </td></tr><tr><td></td><td class=\"t m0 x4e5 h13 y44e3 ff5 fs9 fc1 sc0 ls1 ws16\">of contract<span class=\"_ _0\"></span>s </td><td class=\"t m0 x322 h13 y44e3 ff5 fs9 fc1 sc0 ls37 ws3f\">T<span class=\"_ _1\"></span>ransfers<span class=\"_ _1\"></span> or </td><td class=\"t m0 x529 h13 y44e3 ff5 fs9 fc1 sc0 ls3b ws4d\">initiated with </td><td class=\"t m0 x287 h10 y44e3 ff4 fs9 fc1 sc0 ls1 ws0\">of<span class=\"_ gs6db\"> </span><span class=\"_ _1\"></span>contracts </td><td class=\"t m0 xd16 hf y44e3 ff3 fs9 fc1 sc0 ls1 ws16\">T<span class=\"_ _1\"></span>ransf<span class=\"_ _1\"></span>ers or </td><td class=\"t m0 xb14 hf y44e3 ff3 fs9 fc1 sc0 ls1b ws10\">initiated with </td></tr><tr><td></td><td class=\"t m0 xacc h13 y44e4 ff5 fs9 fc1 sc0 ls1 ws16\">recognise<span class=\"_ _0\"></span>d in </td><td class=\"t m0 x57d h13 y44e4 ff5 fs9 fc1 sc0 ls3d ws131\">business </td><td class=\"t m0 xec3 h13 y44e4 ff6 fs9 fc1 sc0 ls18 ws32\">lo<span class=\"_ _0\"></span>ss re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ove<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y </td><td class=\"t m0 xc73 hf y44e4 ff3 fs9 fc1 sc0 ls1 ws16\">recognised in </td><td class=\"t m0 x1c8 hf y44e4 ff3 fs9 fc1 sc0 ls187 ws19c\">business </td><td class=\"t m0 x8d4 hf y44e4 ff3 fs9 fc1 sc0 ls16a ws34\">loss re<span class=\"_ _0\"></span>cover<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> </td></tr><tr><td></td><td class=\"t m0 xd19 h13 y44e5 ff5 fs9 fc1 sc0 ls18 ws0\">th<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span> </td><td class=\"t m0 x322 h13 y44e5 ff5 fs9 fc1 sc0 ls37 ws7\">acquisitions<span class=\"_ _1\"></span> </td><td class=\"t m0 xaca h13 y44e5 ff5 fs9 fc1 sc0 ls14a ws164\">component </td><td class=\"t m0 xb67 hf y44e5 ff3 fs9 fc1 sc0 ls18 ws0\">the y<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>r </td><td class=\"t m0 x503 hf y44e5 ff3 fs9 fc1 sc0 ls10a ws118\">acquisiti<span class=\"_ _0\"></span>ons </td><td class=\"t m0 xec4 hf y44e5 ff3 fs9 fc1 sc0 ls3b ws45\">component </td></tr><tr><td></td><td class=\"t m0 x7c4 h13 y44e6 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x430 h13 y44e6 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x26f h13 y44e6 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x26c hf y44e6 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x7c5 hf y44e6 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c7 hf y44e6 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m0 x464 h13 y44e7 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 xac3 h13 y44e7 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x465 h13 y44e7 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x466 hf y44e7 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x467 hf y44e7 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 hf y44e7 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y44e8 w33e h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Es<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>ates of p<span class=\"_ _0\"></span>rese<span class=\"_ _0\"></span>nt v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e of cas<span class=\"_ _0\"></span>h ou<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>fl<span class=\"_ _0\"></span>ows<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xec5 y44e8 w33 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(6,215)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xec6 y44e8 wa5 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xec7 y44e8 wa5 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013</div></td><td class=\"c n xec8 y44e8 w34 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(8,235)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd3c y44e8 wbd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd3d y44e8 wbd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4447 w33f h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Es<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>ates of p<span class=\"_ _0\"></span>rese<span class=\"_ _0\"></span>nt v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e of cas<span class=\"_ _0\"></span>h inf<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>ws<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xec9 y4447 w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">6,032<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xeca y4447 wa5 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xecb y4447 wa5 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc7b y4447 w30 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">8,054<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xecc y4447 wbd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xecd y4447 wbd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w323 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Risk adjustment for<span class=\"_ _1\"></span> non<span class=\"_ _0\"></span>-finan<span class=\"_ _0\"></span>cial risk<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd2d y4121 w4a h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">197<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6ae y4121 wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xecb y4121 wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xece y4121 w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">271<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xecf y4121 wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa90 y4121 wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4158 w324 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">CSM<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xed0 y4158 w14c h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(14)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xed1 y4158 wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xed2 y4158 wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xed3 y4158 w71 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(90)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xed4 y4158 wbf h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa78 y4158 wbf h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w340 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws0\">Ne<span class=\"_ _0\"></span>t c<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>e in r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ce c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ts f<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>m 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>s r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>ed i<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe7a y40ae wa4 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe7b y40ae wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe7c y40ae wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xed5 y40ae wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xed6 y40ae wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xed7 y40ae wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"t m2 h15 ff1 fs5 fc2 sc0 ls18 ws0 gs7fa\">(<span class=\"_ _1\"></span>d) <span class=\"_ _217\"> </span>A<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s dete<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ned on t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nsit<span class=\"_ _0\"></span>ion to I<span class=\"_ _0\"></span>F<span class=\"_ _0\"></span>R<span class=\"_ _0\"></span>S <span class=\"ls32 wsf3\">17<span class=\"_ _3b2\"> </span></span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs7fb\">Th<span class=\"_ _0\"></span>e Group ha<span class=\"_ _0\"></span>s appli<span class=\"_ _0\"></span>ed the fair val<span class=\"_ _0\"></span>ue tran<span class=\"_ _0\"></span>siti<span class=\"_ _0\"></span>on app<span class=\"_ _0\"></span>roa<span class=\"_ _0\"></span>ch to Annu<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y rein<span class=\"_ _0\"></span>sura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e writ<span class=\"_ _0\"></span>ten p<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>r to 201<span class=\"_ _1\"></span>6, the mo<span class=\"_ _0\"></span>dif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d retrosp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ctive ap<span class=\"_ _0\"></span>proa<span class=\"_ _0\"></span>ch to </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs7fc\">An<span class=\"_ _0\"></span>nui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y reinsu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce wri<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ten bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en 2016 and 202<span class=\"_ _0\"></span>0 and the full ret<span class=\"_ _0\"></span>rosp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tive ap<span class=\"_ _0\"></span>proa<span class=\"_ _0\"></span>ch for An<span class=\"_ _0\"></span>nui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y reinsu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>acts wr<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ten in 20<span class=\"_ _0\"></span>21.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs7fd\">Det<span class=\"_ _0\"></span>ails of the assu<span class=\"_ _0\"></span>mptio<span class=\"_ _0\"></span>ns app<span class=\"_ _0\"></span>lie<span class=\"_ _0\"></span>d on trans<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>n were disc<span class=\"_ _0\"></span>los<span class=\"_ _0\"></span>ed in the 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3 Ann<span class=\"_ _0\"></span>ual rep<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>t and acc<span class=\"_ _0\"></span>ount<span class=\"_ _0\"></span>s.<span class=\"_ _3b2\"> </span></div><div class=\"gs7f1\"><table class=\"s w189 h184\" id=\"_48498aca-7dd4-4b84-bbc2-0780d3296824\"><tr><td></td><td class=\"t m2 xc6f h13 y44e9 ff5 fs9 fc1 sc0 ls37 ws3f\">New contra<span class=\"_ _1\"></span>cts </td><td class=\"t m2 xac1 h13 y44e9 ff5 fs9 fc1 sc0 ls37 ws7\">Contracts </td><td></td><td></td><td class=\"t m2 xd3e hf y44e9 ff3 fs9 fc1 sc0 ls1 ws16\">New contracts </td><td class=\"t m2 x494 hf y44e9 ff3 fs9 fc1 sc0 ls1 ws0\">Contracts </td><td></td><td></td></tr><tr><td></td><td class=\"t m2 xd3f h13 y44ea ff5 fs9 fc1 sc0 ls37 ws3f\">and contracts </td><td class=\"t m2 x897 h13 y44ea ff5 fs9 fc1 sc0 ls29 ws30\">measured </td><td class=\"t m2 xd40 h13 y44ea ff5 fs9 fc1 sc0 ls37 ws7\">Contracts </td><td></td><td class=\"t m2 x51c hf y44ea ff3 fs9 fc1 sc0 ls1 ws16\">and contracts </td><td class=\"t m2 x494 hf y44ea ff3 fs9 fc1 sc0 ls1 ws0\">measured </td><td class=\"t m2 x501 hf y44ea ff3 fs9 fc1 sc0 ls1 ws0\">Contracts </td><td></td></tr><tr><td></td><td class=\"t m2 xd41 h13 y44eb ff5 fs9 fc1 sc0 ls29 ws30\">measured </td><td class=\"t m2 xac1 h13 y44eb ff5 fs9 fc1 sc0 ls3c ws4c\">under th<span class=\"_ _1\"></span>e </td><td class=\"t m2 xd40 h13 y44eb ff5 fs9 fc1 sc0 ls29 ws30\">measured </td><td></td><td class=\"t m2 x506 hf y44eb ff3 fs9 fc1 sc0 ls1 ws0\">measured </td><td class=\"t m2 xb15 hf y44eb ff3 fs9 fc1 sc0 ls1 ws16\">under the </td><td class=\"t m2 x501 hf y44eb ff3 fs9 fc1 sc0 ls1 ws0\">measured </td><td></td></tr><tr><td></td><td class=\"t m2 xd42 h13 y44ec ff5 fs9 fc1 sc0 ls18 ws0\">un<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r t<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ll </td><td class=\"t m2 xa6f h13 y44ec ff5 fs9 fc1 sc0 ls1 ws0\">modified </td><td class=\"t m2 xacc h13 y44ec ff5 fs9 fc1 sc0 ls18 ws0\">un<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r t<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>r </td><td></td><td class=\"t m2 xd45 hf y44ec ff3 fs9 fc1 sc0 ls18 ws0\">un<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r the f<span class=\"_ _0\"></span>ul<span class=\"_ _0\"></span>l </td><td class=\"t m2 x7bf hf y44ec ff3 fs9 fc1 sc0 ls1b ws1f\">modifie<span class=\"_ _0\"></span>d </td><td class=\"t m2 xd44 hf y44ec ff3 fs9 fc1 sc0 ls18 ws0\">un<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r the f<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span> </td><td></td></tr><tr><td></td><td class=\"t m2 xd42 h13 y44ed ff6 fs9 fc1 sc0 ls38 ws3a\">retrospective </td><td class=\"t m2 xc72 h13 y44ed ff6 fs9 fc1 sc0 ls38 ws3a\">retrospective </td><td class=\"t m2 x45c h13 y44ed ff6 fs9 fc1 sc0 ls10a ws118\">value<span class=\"_ _0\"></span> </td><td></td><td class=\"t m2 xd45 hf y44ed ff3 fs9 fc1 sc0 ls1 ws0\">retrospective </td><td class=\"t m2 xc73 hf y44ed ff3 fs9 fc1 sc0 ls1 ws0\">retrospective </td><td class=\"t m2 x32b hf y44ed ff3 fs9 fc1 sc0 ls10a ws118\">value <span class=\"ls1 ws0\"> </span></td><td></td></tr><tr><td></td><td class=\"t m2 xd46 h13 y44ee ff5 fs9 fc1 sc0 ls37 ws7\">approach<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xac1 h13 y44ee ff5 fs9 fc1 sc0 ls37 ws7\">approach<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x274 h13 y44ee ff5 fs9 fc1 sc0 ls37 ws7\">approach<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x430 h13 y44ee ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x286 hf y44ee ff3 fs9 fc1 sc0 ls88 ws8d\">approach<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xb15 hf y44ee ff3 fs9 fc1 sc0 ls88 ws8d\">approach<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xd47 hf y44ee ff3 fs9 fc1 sc0 ls88 ws8d\">approach<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y44ee ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x7c2 h13 y44ef ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x680 h13 y44ef ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x7c4 h13 y44ef ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x430 h13 y44ef ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x26f hf y44ef ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x26c hf y44ef ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x7c5 hf y44ef ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y44ef ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x7c6 h13 y44f0 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x321 h13 y44f0 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x464 h13 y44f0 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xac3 h13 y44f0 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x465 hf y44f0 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x466 hf y44f0 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x467 hf y44f0 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y44f0 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y44f1 w327 h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws0\">CS<span class=\"_ _0\"></span>M a<span class=\"_ _0\"></span>s at 1 J<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xed8 y44f1 w4a h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">230<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xed9 y44f1 w36 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,680<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xeda y44f1 w4a h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">451<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xedb y44f1 w36 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,361<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xedc y44f1 w39 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">97<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xedd y44f1 w37 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,417<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xede y44f1 w42 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">194<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xedf y44f1 w37 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,708<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 hb y44f2 ff6 fs6 fc1 sc0 ls56 ws55\">Ch<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>es th<span class=\"_ _0\"></span>at re<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ate to cu<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>nt se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y44f3 w33a h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">C<span class=\"_ _0\"></span>SM r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nis<span class=\"_ _0\"></span>ed fo<span class=\"_ _0\"></span>r se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>s rec<span class=\"_ _0\"></span>ei<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xee0 y44f3 w41 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(13)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xee1 y44f3 w3a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(112)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xee2 y44f3 w41 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(41)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xee3 y44f3 w3a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(166)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xee4 y44f3 w71 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(13)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xee5 y44f3 w3b h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(107)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xee6 y44f3 w5a h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(36)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x646 y44f3 w4d h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(156)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 hb y44f4 ff6 fs6 fc1 sc0 ls56 ws55\">Ch<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>es th<span class=\"_ _0\"></span>at re<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ate to fu<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>re se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y44f5 w318 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Cha<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>es in e<span class=\"_ _0\"></span>sti<span class=\"_ _0\"></span>mate<span class=\"_ _0\"></span>s whi<span class=\"_ _0\"></span>ch a<span class=\"_ _0\"></span>djus<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e C<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>M<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xee7 y44f5 w41 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(20)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xee8 y44f5 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">108<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xee9 y44f5 w246 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">36<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xeea y44f5 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">124<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xeeb y44f5 w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">237<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7f6 y44f5 w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">333<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcd4 y44f5 w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">289<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x949 y44f5 w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">859<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y44f6 w31a h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>ts in<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>all<span class=\"_ _0\"></span>y re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e yea<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xeec y44f6 w14c h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(14)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe9f y44f6 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xea0 y44f6 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xeed y44f6 w41 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(14)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xeee y44f6 w71 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(90)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe9b y44f6 wbd h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe9c y44f6 wbd h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6d3 y44f6 w5a h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(90)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y40ac w33d h185\"><div class=\"t m2 x1ca h1a y44f7 ff3 fs6 fc1 sc0 ls12e wsca\">Finance<span class=\"_ _1\"></span> (<span class=\"_ _1\"></span>expense<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>)/income f<span class=\"_ _1\"></span>rom<span class=\"_ _3b2\"> </span></div><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls10e ws11c\">reinsurance<span class=\"_ gs5e1\"> </span><span class=\"_ _1\"></span>contracts<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xeef y40ac wb4 h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(2)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xef0 y40ac w7b h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">45<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9d9 y40ac w246 h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">11<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7f4 y40ac w7b h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">54<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xef1 y40ac w6a h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(1)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xef2 y40ac w39 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">37<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xef3 y40ac w75 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xef4 y40ac w39 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">40<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w328 h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws0\">CS<span class=\"_ _0\"></span>M a<span class=\"_ _0\"></span>s at 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xef5 y40ae w4a h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">181<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xef6 y40ae w36 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,721<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xef7 y40ae w4a h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">457<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xef8 y40ae w36 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,359<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xef9 y40ae w4b h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">230<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4d7 y40ae w37 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,680<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4d8 y40ae w4b h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">451<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1d3 y40ae w37 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,361<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"t m2 h21 ff1 fs10 fc2 sc0 ls77 ws0 gs7fe\">(<span class=\"_ _1\"></span>v<span class=\"_ _1\"></span>) <span class=\"_ _bd\"> </span>Protec<span class=\"_ _0\"></span>tion \u2013 I<span class=\"_ _0\"></span>nsu<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ance c<span class=\"_ _0\"></span>ontrac<span class=\"_ _0\"></span>ts i<span class=\"_ _0\"></span>ssued<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h15 ff1 fs5 fc2 sc0 ls18 ws0 gs7ff\">(<span class=\"_ _1\"></span>a) <span class=\"_ _8\"> </span>R<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>onci<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ation of t<span class=\"_ _0\"></span>he l<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>abi<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y for rem<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ng c<span class=\"_ _0\"></span>over<span class=\"_ _0\"></span>age a<span class=\"_ _0\"></span>nd t<span class=\"_ _0\"></span>he l<span class=\"_ _0\"></span>iabi<span class=\"_ _3\"></span>lit<span class=\"_ _0\"></span>y for i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>red cl<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div><div class=\"gs800\"><table class=\"s w341 h186\" id=\"_0c6fdbda-a88a-493c-8043-a307570189dc\"><tr><td></td><td class=\"c n xefa y44f8 w342 h11d\"><div class=\"t m2 x1ca hf y40a5 ff6 fs9 fc1 sc0 ls2a ws31\">Li<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y fo<span class=\"_ _0\"></span>r rem<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g cove<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ge<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td></td><td class=\"c n xefb y44f9 w343 h11e\"><div class=\"t m2 x1ca hf y40a7 ff3 fs9 fc1 sc0 ls18 ws0\">Lia<span class=\"_ _0\"></span>bil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y fo<span class=\"_ _0\"></span>r re<span class=\"_ _0\"></span>mai<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>ng c<span class=\"_ _0\"></span>ove<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ge<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"t m2 xd19 h13 y44fa ff5 fs9 fc1 sc0 ls88 ws2a\">Liability for </td><td></td><td></td><td></td><td class=\"t m2 x501 hf y44fa ff3 fs9 fc1 sc0 ls111 ws27\">Liabilit<span class=\"_ _0\"></span>y for </td><td></td></tr><tr><td></td><td class=\"t m2 xd41 h13 y44fb ff5 fs9 fc1 sc0 ls3d ws86\">Excluding loss </td><td class=\"t m2 xa9e h13 y44fb ff5 fs9 fc1 sc0 ls1 ws0\">Loss </td><td class=\"t m2 x7c4 h13 y44fb ff5 fs9 fc1 sc0 ls1 ws0\">incurre<span class=\"_ _0\"></span>d </td><td></td><td class=\"t m2 xefc hf y44fb ff3 fs9 fc1 sc0 ls88 ws2a\">Excluding loss </td><td class=\"t m2 x9fa hf y44fb ff3 fs9 fc1 sc0 ls1 ws0\">Loss </td><td class=\"t m2 x326 hf y44fb ff3 fs9 fc1 sc0 ls1 ws0\">incurred </td><td></td></tr><tr><td></td><td class=\"t m2 x5ee h13 y44fc ff5 fs9 fc1 sc0 ls14a ws164\">component </td><td class=\"t m2 xa4e h13 y44fc ff5 fs9 fc1 sc0 ls14a ws164\">component </td><td class=\"t m2 x464 h13 y44fc ff5 fs9 fc1 sc0 ls29 ws30\">claims<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x432 h13 y44fc ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x4c5 hf y44fc ff3 fs9 fc1 sc0 ls3b ws45\">component </td><td class=\"t m2 xb15 hf y44fc ff3 fs9 fc1 sc0 ls3b ws45\">component </td><td class=\"t m2 x32b hf y44fc ff3 fs9 fc1 sc0 ls187 ws19c\">claims<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y44fc ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x327 h13 y44fd ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xd81 h13 y44fd ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xd82 h13 y44fd ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x432 h13 y44fd ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x27e hf y44fd ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x9fa hf y44fd ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xd83 hf y44fd ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y44fd ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 xc70 h13 y44fe ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x8d0 h13 y44fe ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xa71 h13 y44fe ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xd84 h13 y44fe ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xac2 hf y44fe ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x42c hf y44fe ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x271 hf y44fe ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y44fe ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y44ff w301 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">Opening insurance contrac<span class=\"_ _0\"></span>t liabilities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xefd y44ff w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,582<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xefe y44ff w4a h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">896</div></td><td class=\"c n xeff y44ff w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,304</div></td><td class=\"c n xe1b y44ff w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">4,782<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf00 y44ff w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,643<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf01 y44ff w4b h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">561</div></td><td class=\"c n xf02 y44ff w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,329</div></td><td class=\"c n xf03 y44ff w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">4,533<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y447c w302 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10e ws54\">Opening insurance contract assets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf04 y447c wa4 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf05 y447c wa4 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf06 y447c wa4 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf07 y447c wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf08 y447c wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf09 y447c wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf0a y447c wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x77d y447c wbf h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4500 w303 h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws0\">Ne<span class=\"_ _0\"></span>t ba<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ce a<span class=\"_ _0\"></span>s at 1 J<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>ar<span class=\"_ _3\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd92 y4500 w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,582<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf0b y4500 w4a h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">896</div></td><td class=\"c n xf0c y4500 w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,304</div></td><td class=\"c n xf0d y4500 w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">4,782<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x715 y4500 w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,643<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf0e y4500 w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">561</div></td><td class=\"c n xf0f y4500 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,329</div></td><td class=\"c n xf10 y4500 w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">4,533<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4501 w304 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">Insurance rev<span class=\"_ _1\"></span>enue<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x98c y4501 w33 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(3,246)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf11 y4501 wa4 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf12 y4501 wa4 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013</div></td><td class=\"c n xf13 y4501 w33 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(3,246)</div></td><td class=\"c n xf14 y4501 w34 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(3,012)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf15 y4501 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf16 y4501 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013</div></td><td class=\"c n x5c3 y4501 w34 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(3,012)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4502 w305 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Inc<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d cla<span class=\"_ _0\"></span>ims a<span class=\"_ _0\"></span>nd ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r ins<span class=\"_ _0\"></span>ura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ice e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ses<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf17 y4502 wa4 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf18 y4502 w41 h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(89)</div></td><td class=\"c n xf19 y4502 w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,819</div></td><td class=\"c n xf1a y4502 w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,730<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf1b y4502 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf1c y4502 w71 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(62)</div></td><td class=\"c n xf1d y4502 w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,702</div></td><td class=\"c n xe9d y4502 w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,640<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4503 w306 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls112 ws1e\">Amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tisatio<span class=\"_ _0\"></span>n of insuranc<span class=\"_ _0\"></span>e acquisiti<span class=\"_ _0\"></span>on expe<span class=\"_ _0\"></span>nses<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf1e y4503 w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">142<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf1f y4503 wa4 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf20 y4503 wa4 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf21 y4503 w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">142<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf22 y4503 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">132<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf23 y4503 wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf24 y4503 wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf25 y4503 w4b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">132<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4504 w307 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Cha<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>es th<span class=\"_ _0\"></span>at re<span class=\"_ _0\"></span>late to pas<span class=\"_ _0\"></span>t se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xda8 y4504 wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xda9 y4504 wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf26 y4504 w246 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">35<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf27 y4504 w70 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">35<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf28 y4504 wbf h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf29 y4504 wbf h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf2a y4504 w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">26<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf2b y4504 w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">26<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4505 w308 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Los<span class=\"_ _0\"></span>ses a<span class=\"_ _0\"></span>nd re<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>sal of l<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ses o<span class=\"_ _0\"></span>n o<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>s co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>ts<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf2c y4505 wa4 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf2d y4505 w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">307<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf2e y4505 wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf2f y4505 w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">307<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf30 y4505 wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf31 y4505 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">331<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf32 y4505 wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf33 y4505 w4b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">331<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4506 w309 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">In<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e expe<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf34 y4506 w4a h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">142<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf35 y4506 w4a h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">218</div></td><td class=\"c n xf36 y4506 w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,854</div></td><td class=\"c n xf37 y4506 w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">3,214<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf38 y4506 w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">132<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf39 y4506 w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">269</div></td><td class=\"c n xf3a y4506 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,728</div></td><td class=\"c n xf3b y4506 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,129<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4302 w3c h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls12e ws142\">Insurance s<span class=\"_ _1\"></span>ervice result<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf3c y4302 w33 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(3,104)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf3d y4302 w4a h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">218</div></td><td class=\"c n xf3e y4302 w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,854<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf3f y4302 w41 h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(32)</div></td><td class=\"c n xf40 y4302 w34 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(2,880)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf41 y4302 w4b h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">269</div></td><td class=\"c n xf42 y4302 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,728<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa31 y4302 w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">117<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41cf w344 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Finance (incom<span class=\"_ _0\"></span>e)/<span class=\"_ _1\"></span>expenses from insurance contracts<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf43 y41cf w3a h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(278)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf44 y41cf w41 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(34)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf45 y41cf w246 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">24<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf46 y41cf w3a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(288)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf47 y41cf w71 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(11)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf48 y41cf w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">67<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf49 y41cf w50 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">6<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf4a y41cf w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">62<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4507 w30b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t of move<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s in exc<span class=\"_ _0\"></span>han<span class=\"_ _0\"></span>ge r<span class=\"_ _0\"></span>ates<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf4b y4507 w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">28<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf4c y4507 wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf4d y4507 w1e1 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">5<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf4e y4507 w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">33<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf4f y4507 w4d h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(108)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf50 y4507 w6a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(1)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf51 y4507 w5a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(11)</div></td><td class=\"c n xbac y4507 w3b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(120)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41d1 w30c h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l am<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nt re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d in co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>h<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=\"_ _3b2\"> </span></div></td><td class=\"c n xde4 y41d1 w33 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(3,354)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf52 y41d1 w4a h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">184</div></td><td class=\"c n xf53 y41d1 w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,883<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf54 y41d1 w3a h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(287)</div></td><td class=\"c n xf55 y41d1 w34 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(2,999)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf56 y41d1 w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">335</div></td><td class=\"c n xf57 y41d1 w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,723<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf58 y41d1 w39 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">59<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4508 wc4 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws23\">Inv<span class=\"_ _1\"></span>estment<span class=\"_ _1\"></span> components<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf59 y4508 w41 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(38)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf5a y4508 wa4 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf5b y4508 w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">38<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf5c y4508 wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf5d y4508 w5a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(37)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf5e y4508 wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7ff y4508 w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">37<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf5f y4508 wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 hb y4509 ff5 fs6 fc1 sc0 ls4f ws128\">Cash flo<span class=\"_ _1\"></span>ws </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4305 w30d h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">Premiums<span class=\"_ _1\"></span> received<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf60 y4305 w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">3,258<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf05 y4305 wa4 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf06 y4305 wa4 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013</div></td><td class=\"c n x4b1 y4305 w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">3,258<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf61 y4305 w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,217<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf62 y4305 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf63 y4305 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013</div></td><td class=\"c n x56a y4305 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,217<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c0 w30e h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Cla<span class=\"_ _0\"></span>ims a<span class=\"_ _0\"></span>nd ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r dire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tly at<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>bu<span class=\"_ _0\"></span>tab<span class=\"_ _0\"></span>le e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf64 y40c0 wa5 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf65 y40c0 wa5 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013</div></td><td class=\"c n xf66 y40c0 w33 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(2,885)</div></td><td class=\"c n xf67 y40c0 w33 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(2,885)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf68 y40c0 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf69 y40c0 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013</div></td><td class=\"c n xf6a y40c0 w34 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(2,785)</div></td><td class=\"c n xf6b y40c0 w34 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(2,785)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y450a w30f h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10e ws54\">Insurance acquisition<span class=\"_ _1\"></span> cash flows<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf6c y450a w3a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(259)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf6d y450a wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf6e y450a wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf6f y450a w3a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(259)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf70 y450a w4d h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(242)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf71 y450a wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf72 y450a wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3c4 y450a w3b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(242)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c2 w310 h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws0\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l c<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>h fl<span class=\"_ _0\"></span>ows<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe08 y40c2 w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,999<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf1f y40c2 wa4 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013</div></td><td class=\"c n xf73 y40c2 w33 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(2,885)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf74 y40c2 w4a h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">114<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf75 y40c2 w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,975<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf76 y40c2 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013</div></td><td class=\"c n xf77 y40c2 w34 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(2,785)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf78 y40c2 w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">190<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4193 w311 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">Closing insurance contract liabilities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf79 y4193 w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,189<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf7a y4193 w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,080</div></td><td class=\"c n xf7b y4193 w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,340</div></td><td class=\"c n xf7c y4193 w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">4,609<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf7d y4193 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,582<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf7e y4193 w4b h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">896</div></td><td class=\"c n xf7f y4193 w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,304</div></td><td class=\"c n xf80 y4193 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">4,782<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4122 w312 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10e ws54\">Closing insurance contract<span class=\"_ _1\"></span> assets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf04 y4122 wa4 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf05 y4122 wa4 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf06 y4122 wa4 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf07 y4122 wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf08 y4122 wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf09 y4122 wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf0a y4122 wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x77d y4122 wbf h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w313 h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws0\">Ne<span class=\"_ _0\"></span>t ba<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ce a<span class=\"_ _0\"></span>s at 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe20 y40ae w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,189<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf81 y40ae w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,080</div></td><td class=\"c n xf82 y40ae w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,340</div></td><td class=\"c n x9d5 y40ae w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">4,609<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf83 y40ae w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,582<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf84 y40ae w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">896</div></td><td class=\"c n xf85 y40ae w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,304</div></td><td class=\"c n xf86 y40ae w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">4,782<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"t m0 h15 ff1 fs5 fc2 sc0 ls18 ws0 gs802\">(b) <span class=\"_ _7\"> </span>R<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>onci<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>iat<span class=\"_ _0\"></span>ion of t<span class=\"_ _0\"></span>he me<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ement c<span class=\"_ _0\"></span>ompone<span class=\"_ _0\"></span>nts of i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e cont<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div><div class=\"gs6f3\"><table class=\"s w1ca h17c\" id=\"_df9629fa-9e28-4319-9f08-24401ac453c6\"><tr><td></td><td></td><td class=\"t m0 x6c1 h13 y447e ff5 fs9 fc1 sc0 ls1 ws0\">Risk </td><td></td><td></td><td></td><td class=\"t m0 x4d5 hf y447e ff3 fs9 fc1 sc0 ls1 ws0\">Risk </td><td></td><td></td></tr><tr><td></td><td class=\"t m0 xc6f h13 y447f ff6 fs9 fc1 sc0 ls38 ws3a\">Present <span class=\"_ _1\"></span>value </td><td class=\"t m0 xc70 h13 y447f ff5 fs9 fc1 sc0 ls3d ws86\">adjustment for </td><td></td><td></td><td class=\"t m0 x529 hf y447f ff3 fs9 fc1 sc0 ls168 ws123\">Present value </td><td class=\"t m0 x433 hf y447f ff3 fs9 fc1 sc0 ls187 ws41\">adjustment for </td><td></td><td></td></tr><tr><td></td><td class=\"t m0 xc71 h13 y4480 ff5 fs9 fc1 sc0 ls29 wsf7\">of future cash </td><td class=\"t m0 xc72 h13 y4480 ff5 fs9 fc1 sc0 ls38 ws3a\">non-financial </td><td></td><td></td><td class=\"t m0 x51c hf y4480 ff3 fs9 fc1 sc0 ls1 ws16\">of future<span class=\"_ _1\"></span> cash </td><td class=\"t m0 xc73 hf y4480 ff3 fs9 fc1 sc0 ls187 ws19c\">non-<span class=\"_ _0\"></span>financial </td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x7bd h13 y4481 ff5 fs9 fc1 sc0 ls45 ws100\">flows </td><td class=\"t m0 x273 h13 y4481 ff5 fs9 fc1 sc0 ls115 ws4f\">risk </td><td class=\"t m0 xac4 h13 y4481 ff5 fs9 fc1 sc0 ls1 ws0\">CSM </td><td class=\"t m0 x430 h13 y4481 ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x493 hf y4481 ff3 fs9 fc1 sc0 ls16a ws185\">flows<span class=\"_ _0\"></span> </td><td class=\"t m0 xc74 hf y4481 ff3 fs9 fc1 sc0 ls1 ws0\">risk </td><td class=\"t m0 x7c5 hf y4481 ff3 fs9 fc1 sc0 ls1 ws0\">CSM </td><td class=\"t m0 x1c7 hf y4481 ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m0 xc75 h13 y4482 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x7c3 h13 y4482 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x7c4 h13 y4482 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x430 h13 y4482 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x26f hf y4482 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x26c hf y4482 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x7c5 hf y4482 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c7 hf y4482 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m0 x8d2 h13 y4483 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x321 h13 y4483 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x464 h13 y4483 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 xac3 h13 y4483 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x465 hf y4483 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x466 hf y4483 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x467 hf y4483 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 hf y4483 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y4484 w301 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls55 ws59\">Opening insurance contrac<span class=\"_ _0\"></span>t liabilities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf87 y4484 w36 h116\"><div class=\"t m0 x1ca hc y4084 ff6 fs6 fc1 sc0 ls56 ws55\">2,551<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf88 y4484 w4a h116\"><div class=\"t m0 x1ca hc y4084 ff6 fs6 fc1 sc0 ls56 ws55\">600<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf89 y4484 w36 h116\"><div class=\"t m0 x1ca hc y4084 ff6 fs6 fc1 sc0 ls56 ws55\">1,631<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf8a y4484 w36 h116\"><div class=\"t m0 x1ca hc y4084 ff6 fs6 fc1 sc0 ls56 ws55\">4,782<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf8b y4484 w37 h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">2,069<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe84 y4484 w4b h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls56 ws55\">617<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf8c y4484 w37 h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">1,847<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x25c y4484 w37 h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">4,533<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4485 w302 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10e ws54\">Opening insurance contract assets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc7e y4485 wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc7f y4485 wa4 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc80 y4485 wa4 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x68d y4485 wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc81 y4485 wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc82 y4485 wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc83 y4485 wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc84 y4485 wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4486 w303 h118\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws0\">Ne<span class=\"_ _0\"></span>t ba<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ce a<span class=\"_ _0\"></span>s at 1 J<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>ar<span class=\"_ _3\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe37 y4486 w36 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,551<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf8d y4486 w4a h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">600<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe39 y4486 w36 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,631<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x82f y4486 w36 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">4,782<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf8e y4486 w37 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,069<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf8f y4486 w42 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">617<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd4e y4486 w37 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,847<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1e8 y4486 w37 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">4,533<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 hb y4487 ff6 fs6 fc1 sc0 ls56 ws55\">Ch<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>es th<span class=\"_ _0\"></span>at re<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ate to cu<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>nt se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4488 w2e8 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">C<span class=\"_ _0\"></span>SM r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nis<span class=\"_ _0\"></span>ed fo<span class=\"_ _0\"></span>r se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>s prov<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>ed<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc8d y4488 wa4 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc51 y4488 wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf90 y4488 w3a h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(270)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcf4 y4488 w3a h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(270)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf91 y4488 wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf92 y4488 wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf93 y4488 w3b h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(225)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf94 y4488 w3b h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(225)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4489 w315 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Rel<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>e of ris<span class=\"_ _0\"></span>k adj<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc93 y4489 wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf95 y4489 w14c h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(22)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf96 y4489 wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf97 y4489 w41 h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(22)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf98 y4489 wbf h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf99 y4489 w71 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(16)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd23 y4489 wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf9a y4489 w5a h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(16)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y448a w316 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws23\">Experience adju<span class=\"_ _1\"></span>stments<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc9b y448a w41 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(79)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc9c y448a wa4 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc9d y448a wa4 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc9e y448a waf h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(79)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf9b y448a w50 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">5<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf9c y448a wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc0d y448a wbf h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf9d y448a w50 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">5<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y450b w317 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l ch<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>at re<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>te to cu<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xca0 y450b w14c h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(79)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf9e y450b w14c h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(22)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf9f y450b w3a h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(270)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xfa0 y450b w3a h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(371)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xfa1 y450b w50 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">5<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xfa2 y450b w5a h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(16)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xfa3 y450b w4d h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(225)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x651 y450b w4d h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(236)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 hb y448c ff6 fs6 fc1 sc0 ls56 ws55\">Ch<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>es th<span class=\"_ _0\"></span>at re<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ate to fu<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>re se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y450c w318 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Cha<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>es in e<span class=\"_ _0\"></span>sti<span class=\"_ _0\"></span>mate<span class=\"_ _0\"></span>s whi<span class=\"_ _0\"></span>ch a<span class=\"_ _0\"></span>djus<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e C<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>M<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xca8 y450c w3a h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(174)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xfa4 y450c w1e1 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">6<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xfa5 y450c w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">168<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xfa6 y450c wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xfa7 y450c w42 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">308<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xfa8 y450c w5a h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(32)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xfa9 y450c w4d h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(276)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xfaa y450c wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 h1a y448e ff3 fs6 fc1 sc0 ls10a ws5a\">Changes in estimat<span class=\"_ _1\"></span>es that<span class=\"_ _1\"></span> result in losses or<span class=\"_ _1\"></span> reversal </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4166 w345 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">of los<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s on o<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>s co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>ts<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xfab y4166 w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">213<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc17 y4166 wb4 h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(2)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x539 y4166 wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xfac y4166 w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">211<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xfad y4166 w42 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">261<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xfae y4166 wc0 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(1)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xfaf y4166 wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xfb0 y4166 w42 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">260<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41cc w31a h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>ts in<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>all<span class=\"_ _0\"></span>y re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e yea<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xfb1 y41cc w3a h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(238)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xfb2 y41cc w7b h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">15<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xfb3 y41cc w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">319<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7f4 y41cc w7b h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">96<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xfb4 y41cc w4d h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(220)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x46c y41cc w39 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">15<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xfb5 y41cc w42 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">276<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9ff y41cc w39 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">71<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4370 w31b h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l ch<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>at re<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>te to fu<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>re se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe6b y4370 w3a h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(199)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xfb6 y4370 w7b h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">19<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xfb7 y4370 w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">487<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xfb8 y4370 w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">307<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xfb9 y4370 w42 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">349<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xfba y4370 w71 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(18)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xfbb y4370 wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4bc y4370 w42 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">331<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 hb y448f ff6 fs6 fc1 sc0 ls56 ws55\">Ch<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>es th<span class=\"_ _0\"></span>at re<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ate to pa<span class=\"_ _0\"></span>st se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y41ce w31c h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Claims variance<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcc3 y41ce w7b h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">32<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcc4 y41ce wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcc5 y41ce wa4 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcc6 y41ce w7b h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">32<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcc7 y41ce w39 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">22<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x523 y41ce wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcc8 y41ce wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcc9 y41ce w39 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">22<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41cf w3c h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls12e ws142\">Insurance s<span class=\"_ _1\"></span>ervice result<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xfbc y41cf w3a h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(246)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xfbd y41cf wb4 h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(3)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xfbe y41cf w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">217<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xfbf y41cf w41 h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(32)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xfc0 y41cf w42 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">376<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xfc1 y41cf w71 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(34)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xfc2 y41cf w3b h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(225)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xfc3 y41cf w42 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">117<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y416b w344 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Finance (incom<span class=\"_ _0\"></span>e)/<span class=\"_ _1\"></span>expenses from insurance contracts<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xfc4 y416b w3a h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(334)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xfc5 y416b w41 h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(18)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xfc6 y416b w246 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">64<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xfc7 y416b w3a h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(288)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xfc8 y416b w71 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(50)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xfc9 y416b w39 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">47<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe8b y416b w39 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">65<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x38c y416b w39 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">62<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41d0 w30b h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t of move<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s in exc<span class=\"_ _0\"></span>han<span class=\"_ _0\"></span>ge r<span class=\"_ _0\"></span>ates<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe8d y41d0 w1e1 h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xfca y41d0 w246 h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">11<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xfcb y41d0 w7b h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">19<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf6f y41d0 w7b h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">33<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe4c y41d0 w71 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(34)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xed3 y41d0 w71 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(30)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xfcc y41d0 w71 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(56)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xfcd y41d0 w3b h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(120)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y433b w30c h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l am<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nt re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d in co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>h<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=\"_ _3b2\"> </span></div></td><td class=\"c n xe93 y433b w3a h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(577)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xfce y433b w41 h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(10)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xfcf y433b w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">300<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xfd0 y433b w3a h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(287)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xfd1 y433b w42 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">292<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xfd2 y433b w5a h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(17)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xfd3 y433b w4d h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(216)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xfd4 y433b w39 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">59<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 hb y4490 ff5 fs6 fc1 sc0 ls4f ws128\">Cash flo<span class=\"_ _1\"></span>ws </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y40bf w30d h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">Premiums<span class=\"_ _1\"></span> received<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xfd5 y40bf w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">3,258<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xfd6 y40bf wa5 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe44 y40bf wa4 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa1c y40bf w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">3,258<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7cb y40bf w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,217<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xed5 y40bf wbd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xed6 y40bf wbd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcd5 y40bf w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,217<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41dd w30e h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Cla<span class=\"_ _0\"></span>ims a<span class=\"_ _0\"></span>nd ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r dire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tly at<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>bu<span class=\"_ _0\"></span>tab<span class=\"_ _0\"></span>le e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcea y41dd w33 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(2,885)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xceb y41dd wa4 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcec y41dd wa4 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013</div></td><td class=\"c n xc19 y41dd w33 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(2,885)</div></td><td class=\"c n xced y41dd w34 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(2,785)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcee y41dd wbd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcef y41dd wbd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013</div></td><td class=\"c n xcf0 y41dd w34 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(2,785)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4180 w30f h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10e ws54\">Insurance acquisition<span class=\"_ _1\"></span> cash flows<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcf1 y4180 w3a h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(259)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcf2 y4180 wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcf3 y4180 wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcf4 y4180 w3a h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(259)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc26 y4180 w3b h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(242)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc22 y4180 wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc23 y4180 wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf94 y4180 w3b h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(242)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4181 w310 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws0\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l c<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>h fl<span class=\"_ _0\"></span>ows<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xfd7 y4181 w4a h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">114<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xfd8 y4181 wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xfd9 y4181 wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xfda y4181 w4a h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">114<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xfdb y4181 w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">190<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x99b y4181 wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xfdc y4181 wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xfdd y4181 w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">190<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w311 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">Closing insurance contract liabilities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xfde y4121 w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,088<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xfdf y4121 w4a h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">590<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xfe0 y4121 w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,931<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xfe1 y4121 w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">4,609<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4dd y4121 w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,551<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9f2 y4121 w42 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">600<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9f3 y4121 w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,631<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xfe2 y4121 w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">4,782<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4184 w312 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10e ws54\">Closing insurance contract<span class=\"_ _1\"></span> assets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd05 y4184 wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd06 y4184 wa4 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd07 y4184 wa4 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd08 y4184 wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd09 y4184 wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd0a y4184 wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd0b y4184 wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd0c y4184 wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w313 h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws0\">Ne<span class=\"_ _0\"></span>t ba<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ce a<span class=\"_ _0\"></span>s at 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xebc y40ae w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,088<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xfe3 y40ae w4a h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">590<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xfe4 y40ae w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,931<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xfe5 y40ae w36 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">4,609<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xfe6 y40ae w30 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,551<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9b9 y40ae w42 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">600<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xfe7 y40ae w30 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,631<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x20d y40ae w30 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">4,782<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"t m2 h15 ff1 fs5 fc2 sc0 ls18 ws0 gs804\">(<span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>) <span class=\"_ _4c\"> </span>Imp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t of cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>ed i<span class=\"_ _0\"></span>n t<span class=\"_ _0\"></span>he yea<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div><div class=\"gs805\"><table class=\"s w346 h187\" id=\"_19088175-58ed-4d72-ba43-676bf3e416b7\"><tr><td></td><td></td><td></td><td class=\"c n xd14 y450e w31e h12b\"><div class=\"t m2 x1ca h10 y450d ff5 fs9 fc1 sc0 ls18 ws0\">Of w<span class=\"_ _0\"></span>hi<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>h re<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>s to:<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n xd15 y4510 w31f h188\"><div class=\"t m2 x1ca h10 y450f ff4 fs9 fc1 sc0 ls18 ws32\">Of whic<span class=\"_ _0\"></span>h rel<span class=\"_ _0\"></span>ates to:<span class=\"_ _3b2\"> </span></div></td></tr><tr><td></td><td class=\"t m2 x4e5 h13 y4511 ff5 fs9 fc1 sc0 ls38 ws3b\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> impact </td><td></td><td></td><td class=\"t m2 x499 hf y4511 ff3 fs9 fc1 sc0 ls168 ws123\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> impact </td><td></td><td></td></tr><tr><td></td><td class=\"t m2 x4e5 h13 y4512 ff5 fs9 fc1 sc0 ls1 ws16\">of contract<span class=\"_ _0\"></span>s </td><td class=\"t m2 x322 h13 y4512 ff5 fs9 fc1 sc0 ls37 ws3f\">T<span class=\"_ _1\"></span>ransfers<span class=\"_ _1\"></span> or </td><td class=\"t m2 xbc9 h13 y4512 ff5 fs9 fc1 sc0 ls3d ws131\">Onerous </td><td class=\"t m2 x287 h10 y4512 ff4 fs9 fc1 sc0 ls1 ws0\">of<span class=\"_ gs6db\"> </span><span class=\"_ _1\"></span>contracts </td><td class=\"t m2 xd16 hf y4512 ff3 fs9 fc1 sc0 ls1 ws16\">T<span class=\"_ _1\"></span>ransf<span class=\"_ _1\"></span>ers or </td><td class=\"t m2 xd17 hf y4512 ff3 fs9 fc1 sc0 ls45 ws100\">Onero<span class=\"_ _0\"></span>us </td></tr><tr><td></td><td class=\"t m2 xacc h13 y4513 ff5 fs9 fc1 sc0 ls1 ws16\">recognise<span class=\"_ _0\"></span>d in </td><td class=\"t m2 x57d h13 y4513 ff5 fs9 fc1 sc0 ls3d ws131\">business </td><td class=\"t m2 x506 h13 y4513 ff5 fs9 fc1 sc0 ls37 ws7\">contracts </td><td class=\"t m2 xc73 hf y4513 ff3 fs9 fc1 sc0 ls1 ws16\">recognised in </td><td class=\"t m2 x1c8 hf y4513 ff3 fs9 fc1 sc0 ls187 ws19c\">business </td><td class=\"t m2 xd18 hf y4513 ff3 fs9 fc1 sc0 ls1 ws0\">contracts </td></tr><tr><td></td><td class=\"t m2 xd19 h13 y4514 ff5 fs9 fc1 sc0 ls18 ws0\">th<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span> </td><td class=\"t m2 x322 h13 y4514 ff5 fs9 fc1 sc0 ls37 ws7\">acquisitions<span class=\"_ _1\"></span> </td><td class=\"t m2 x4c4 h13 y4514 ff5 fs9 fc1 sc0 ls3d ws131\">issued </td><td class=\"t m2 xb67 hf y4514 ff3 fs9 fc1 sc0 ls18 ws0\">the y<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>r </td><td class=\"t m2 x503 hf y4514 ff3 fs9 fc1 sc0 ls10a ws118\">acquisiti<span class=\"_ _0\"></span>ons </td><td class=\"t m2 x281 hf y4514 ff3 fs9 fc1 sc0 ls1 ws0\">issued </td></tr><tr><td></td><td class=\"t m2 x7c4 h13 y4515 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x430 h13 y4515 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x26f h13 y4515 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x26c hf y4515 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x7c5 hf y4515 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y4515 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x464 h13 y4516 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xac3 h13 y4516 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x465 h13 y4516 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x466 hf y4516 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x467 hf y4516 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y4516 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 hb y4517 ff6 fs6 fc1 sc0 ls56 ws55\">Es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es of pr<span class=\"_ _0\"></span>ese<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t val<span class=\"_ _0\"></span>ue of ca<span class=\"_ _0\"></span>sh ou<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>fl<span class=\"_ _0\"></span>ows<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4305 w30f h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10e ws54\">Insurance acquisition<span class=\"_ _1\"></span> cash flows<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xfe8 y4305 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">259<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xec6 y4305 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x522 y4305 w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">94<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xfe9 y4305 w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">242<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xfea y4305 wbd h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xfeb y4305 w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">73<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4198 w320 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Cla<span class=\"_ _0\"></span>ims a<span class=\"_ _0\"></span>nd ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r ins<span class=\"_ _0\"></span>ura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ses p<span class=\"_ _0\"></span>ayab<span class=\"_ _0\"></span>le<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xfec y4198 w36 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,382<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x586 y4198 wa5 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x480 y4198 w4a h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">559<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xfed y4198 w30 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,096<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xfee y4198 wbd h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xfef y4198 w42 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">488<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4199 w321 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">Es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es of pr<span class=\"_ _0\"></span>ese<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t val<span class=\"_ _0\"></span>ue of ca<span class=\"_ _0\"></span>sh ou<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>fl<span class=\"_ _0\"></span>ows<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xff0 y4199 w36 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,641<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6ae y4199 wa5 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xff1 y4199 w4a h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">653<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xff2 y4199 w30 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,338<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xff3 y4199 wbd h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x654 y4199 w42 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">561<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4447 w322 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">Es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es of pr<span class=\"_ _0\"></span>ese<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t val<span class=\"_ _0\"></span>ue of ca<span class=\"_ _0\"></span>sh in<span class=\"_ _0\"></span>fl<span class=\"_ _0\"></span>ows<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xff4 y4447 w33 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(2,879)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xff5 y4447 wa5 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xff6 y4447 w3a h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(558)</div></td><td class=\"c n xff7 y4447 w34 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(2,558)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc3f y4447 wbf h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xff8 y4447 w3b h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(491)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w323 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Risk adjustment for<span class=\"_ _1\"></span> non<span class=\"_ _0\"></span>-finan<span class=\"_ _0\"></span>cial risk<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xff9 y4121 w246 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">15<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xffa y4121 wa6 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xffb y4121 wa8 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xffc y4121 w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">15<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xffd y4121 wbd h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x57b y4121 w50 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4158 w347 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls22 ws29\">CSM<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xffe y4158 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">319<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa5a y4158 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xfff y4158 wa6 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9d1 y4158 w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">276<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd23 y4158 wbd h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3e0 y4158 wbd h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w348 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">In<span class=\"_ _0\"></span>cr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ase in i<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e con<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t lia<span class=\"_ _0\"></span>bil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s fro<span class=\"_ _0\"></span>m 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 rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e yea<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1000 y40ae w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">96<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xffa y40ae wa6 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xbfb y40ae w70 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">96<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1001 y40ae w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">71<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1002 y40ae wbf h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf58 y40ae w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">71<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"t m2 h15 ff1 fs5 fc2 sc0 ls18 ws0 gs806\">(<span class=\"_ _1\"></span>d) <span class=\"_ _217\"> </span>A<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s dete<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ned on t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nsit<span class=\"_ _0\"></span>ion to I<span class=\"_ _0\"></span>F<span class=\"_ _0\"></span>R<span class=\"_ _0\"></span>S <span class=\"ls32 wsf3\">17<span class=\"_ _3b2\"> </span></span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs807\">Th<span class=\"_ _0\"></span>e Group ha<span class=\"_ _0\"></span>s appli<span class=\"_ _0\"></span>ed the foll<span class=\"_ _0\"></span>owing tr<span class=\"_ _0\"></span>ansi<span class=\"_ _0\"></span>tion ap<span class=\"_ _0\"></span>pro<span class=\"_ _0\"></span>ach<span class=\"_ _0\"></span>es to its material Pr<span class=\"_ _0\"></span>otecti<span class=\"_ _0\"></span>on insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>act p<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>foli<span class=\"_ _0\"></span>os on tra<span class=\"_ _0\"></span>nsiti<span class=\"_ _0\"></span>on to IFR<span class=\"_ _0\"></span>S 1<span class=\"_ _1\"></span>7<span class=\"_ _4\"></span>, </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs808\">by<span class=\"_ gsec\"> </span>year<span class=\"_ gsec\"> </span>of issu<span class=\"_ _0\"></span>e:<span class=\"_ _3b2\"> </span></div><div class=\"gs809\"><table class=\"s w349 h189\" id=\"_ace32b0b-db09-4b11-b314-6fe677520470\"><tr><td class=\"c n x1cb y4518 w34a h128\"><div class=\"t m2 x1ca h13 y4151 ff5 fs9 fc1 sc0 ls37 ws3f\">T<span class=\"_ _1\"></span>ransiti<span class=\"_ _1\"></span>on approach<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1003 y4518 w34b h128\"><div class=\"t m2 x1ca h13 y4151 ff6 fs9 fc1 sc0 ls18 ws32\">UK Pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1004 y4518 w34c h128\"><div class=\"t m2 x1ca h13 y4151 ff5 fs9 fc1 sc0 ls18 ws0\">US P<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w34d h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 lsea ws27\">Full retrospective<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1005 y4121 w34e h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls130 ws1a1\">20<span class=\"_ _0\"></span>21<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1006 y4121 w34e h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls130 ws1a1\">2<span class=\"_ _0\"></span>021<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4158 w34f h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 lsea ws27\">Modifi<span class=\"_ _0\"></span>ed retrospective<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1007 y4158 w350 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls11e ws141\">201<span class=\"_ _1\"></span>2-2020<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1008 y4158 w351 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls11e ws141\">201<span class=\"_ _4\"></span>1-2020<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w352 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1f ws26\">Fair value<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1009 y40ae w353 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls11e ws141\">Pre-201<span class=\"_ _1\"></span>2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x100a y40ae w354 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls11e ws141\">Pre<span class=\"_ _0\"></span>-201<span class=\"_ _1\"></span>1<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs80a\">Det<span class=\"_ _0\"></span>ails of the assu<span class=\"_ _0\"></span>mptio<span class=\"_ _0\"></span>ns app<span class=\"_ _0\"></span>lie<span class=\"_ _0\"></span>d on trans<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>n were disc<span class=\"_ _0\"></span>los<span class=\"_ _0\"></span>ed in the 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3 Ann<span class=\"_ _0\"></span>ual rep<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>t and acc<span class=\"_ _0\"></span>ount<span class=\"_ _0\"></span>s.<span class=\"_ _3b2\"> </span></div><div class=\"gs80b\"><table class=\"s w355 h18a\" id=\"_212e891b-4aa2-4f0e-a185-c916ad344bce\"><tr><td></td><td class=\"t m2 xc6f h13 y4519 ff5 fs9 fc1 sc0 ls37 ws3f\">New contra<span class=\"_ _1\"></span>cts </td><td class=\"t m2 xac1 h13 y4519 ff5 fs9 fc1 sc0 ls37 ws7\">Contracts </td><td></td><td></td><td class=\"t m2 xd3e hf y4519 ff3 fs9 fc1 sc0 ls1 ws16\">New contracts </td><td class=\"t m2 x494 hf y4519 ff3 fs9 fc1 sc0 ls1 ws0\">Contracts </td><td></td><td></td></tr><tr><td></td><td class=\"t m2 xd3f h13 y451a ff5 fs9 fc1 sc0 ls37 ws3f\">and contracts </td><td class=\"t m2 x897 h13 y451a ff5 fs9 fc1 sc0 ls29 ws30\">measured </td><td class=\"t m2 xd40 h13 y451a ff5 fs9 fc1 sc0 ls37 ws7\">Contracts </td><td></td><td class=\"t m2 x51c hf y451a ff3 fs9 fc1 sc0 ls1 ws16\">and contracts </td><td class=\"t m2 x494 hf y451a ff3 fs9 fc1 sc0 ls1 ws0\">measured </td><td class=\"t m2 x501 hf y451a ff3 fs9 fc1 sc0 ls1 ws0\">Contracts </td><td></td></tr><tr><td></td><td class=\"t m2 xd41 h13 y451b ff5 fs9 fc1 sc0 ls29 ws30\">measured </td><td class=\"t m2 xac1 h13 y451b ff5 fs9 fc1 sc0 ls3c ws4c\">under th<span class=\"_ _1\"></span>e </td><td class=\"t m2 xd40 h13 y451b ff5 fs9 fc1 sc0 ls29 ws30\">measured </td><td></td><td class=\"t m2 x506 hf y451b ff3 fs9 fc1 sc0 ls1 ws0\">measured </td><td class=\"t m2 xb15 hf y451b ff3 fs9 fc1 sc0 ls1 ws16\">under the </td><td class=\"t m2 x501 hf y451b ff3 fs9 fc1 sc0 ls1 ws0\">measured </td><td></td></tr><tr><td></td><td class=\"t m2 xd42 h13 y451c ff5 fs9 fc1 sc0 ls18 ws0\">un<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r t<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ll </td><td class=\"t m2 xa6f h13 y451c ff5 fs9 fc1 sc0 ls1 ws0\">modified </td><td class=\"t m2 xacc h13 y451c ff5 fs9 fc1 sc0 ls18 ws0\">un<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r t<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>r </td><td></td><td class=\"t m2 xd45 hf y451c ff3 fs9 fc1 sc0 ls18 ws0\">un<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r the f<span class=\"_ _0\"></span>ul<span class=\"_ _0\"></span>l </td><td class=\"t m2 x7bf hf y451c ff3 fs9 fc1 sc0 ls1b ws1f\">modifie<span class=\"_ _0\"></span>d </td><td class=\"t m2 xd44 hf y451c ff3 fs9 fc1 sc0 ls18 ws0\">un<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r the f<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span> </td><td></td></tr><tr><td></td><td class=\"t m2 xd42 h13 y451d ff6 fs9 fc1 sc0 ls38 ws3a\">retrospective </td><td class=\"t m2 xc72 h13 y451d ff6 fs9 fc1 sc0 ls38 ws3a\">retrospective </td><td class=\"t m2 x45c h13 y451d ff6 fs9 fc1 sc0 ls10a ws118\">value<span class=\"_ _0\"></span> </td><td></td><td class=\"t m2 xd45 hf y451d ff3 fs9 fc1 sc0 ls1 ws0\">retrospective </td><td class=\"t m2 xc73 hf y451d ff3 fs9 fc1 sc0 ls1 ws0\">retrospective </td><td class=\"t m2 x32b hf y451d ff3 fs9 fc1 sc0 ls10a ws118\">value <span class=\"ls1 ws0\"> </span></td><td></td></tr><tr><td></td><td class=\"t m2 xd46 h13 y451e ff5 fs9 fc1 sc0 ls37 ws7\">approach<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xac1 h13 y451e ff5 fs9 fc1 sc0 ls37 ws7\">approach<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x274 h13 y451e ff5 fs9 fc1 sc0 ls37 ws7\">approach<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x430 h13 y451e ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x286 hf y451e ff3 fs9 fc1 sc0 ls88 ws8d\">approach<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xb15 hf y451e ff3 fs9 fc1 sc0 ls88 ws8d\">approach<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xd47 hf y451e ff3 fs9 fc1 sc0 ls88 ws8d\">approach<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y451e ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x7c2 h13 y451f ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x680 h13 y451f ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x7c4 h13 y451f ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x430 h13 y451f ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x26f hf y451f ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x26c hf y451f ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x7c5 hf y451f ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y451f ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x7c6 h13 y4520 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x321 h13 y4520 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x464 h13 y4520 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xac3 h13 y4520 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x465 hf y4520 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x466 hf y4520 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x467 hf y4520 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y4520 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y42f1 w304 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">Insurance rev<span class=\"_ _1\"></span>enue<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd48 y42f1 w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,281<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd49 y42f1 w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,189<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x100b y42f1 w4a h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">776<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa45 y42f1 w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">3,246<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x100c y42f1 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,055<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x100d y42f1 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,171<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x100e y42f1 w4b h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">786<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x100f y42f1 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,012<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40bd w327 h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws0\">CS<span class=\"_ _0\"></span>M a<span class=\"_ _0\"></span>s at 1 J<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xed8 y40bd w4a h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">574<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1010 y40bd w4a h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">866<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xffe y40bd w4a h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">191<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x76b y40bd w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,631<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1011 y40bd w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">427<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc7b y40bd w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,106<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1012 y40bd w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">314<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1013 y40bd w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,847<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 hb y4521 ff6 fs6 fc1 sc0 ls56 ws55\">Ch<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>es th<span class=\"_ _0\"></span>at re<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ate to cu<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>nt se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y417f w2e8 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">C<span class=\"_ _0\"></span>SM r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nis<span class=\"_ _0\"></span>ed fo<span class=\"_ _0\"></span>r se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>s prov<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>ed<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd56 y417f w3a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(133)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd57 y417f w3a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(112)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1014 y417f w14c h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(25)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe82 y417f w3a h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(270)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1015 y417f w71 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(82)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1016 y417f w3b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(110)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1017 y417f w71 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(33)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1018 y417f w3b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(225)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 hb y4522 ff6 fs6 fc1 sc0 ls56 ws55\">Ch<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>es th<span class=\"_ _0\"></span>at re<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ate to fu<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>re se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4180 w318 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Cha<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>es in e<span class=\"_ _0\"></span>sti<span class=\"_ _0\"></span>mate<span class=\"_ _0\"></span>s whi<span class=\"_ _0\"></span>ch a<span class=\"_ _0\"></span>djus<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e C<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>M<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1019 y4180 w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">104<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x101a y4180 w246 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">99<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x101b y4180 w41 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(35)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x101c y4180 w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">168<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xca4 y4180 w5a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(51)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xca5 y4180 w3b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(132)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe69 y4180 w5a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(93)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x101d y4180 w3b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(276)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4181 w31a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>ts in<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>all<span class=\"_ _0\"></span>y re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e yea<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x101e y4181 w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">319<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe79 y4181 wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe7a y4181 wa4 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x101f y4181 w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">319<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1020 y4181 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">276<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc55 y4181 wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xfea y4181 wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1021 y4181 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">276<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4183 w30a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Finance expenses/(income) from insurance contracts<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1022 y4183 w246 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">32<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1023 y4183 w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">28<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1024 y4183 w1e1 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1025 y4183 w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">64<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1026 y4183 w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">21<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1027 y4183 w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">37<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1028 y4183 w75 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1029 y4183 w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">65<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4184 w30b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t of move<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s in exc<span class=\"_ _0\"></span>han<span class=\"_ _0\"></span>ge r<span class=\"_ _0\"></span>ates<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc0f y4184 w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">10<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x102a y4184 w1e1 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">9<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x102b y4184 wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x102c y4184 w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">19<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x102d y4184 w71 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(17)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x102e y4184 w71 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(35)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x102f y4184 w6a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(4)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1030 y4184 w71 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(56)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w328 h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws0\">CS<span class=\"_ _0\"></span>M a<span class=\"_ _0\"></span>s at 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xef5 y40ae w4a h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">906<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1031 y40ae w4a h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">890<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9e0 y40ae w4a h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">135<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1032 y40ae w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,931<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd61 y40ae w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">574<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd62 y40ae w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">866<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd63 y40ae w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">191<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd64 y40ae w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,631<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"t m2 h21 ff1 fs10 fc2 sc0 ls77 ws0 gs80d\">(<span class=\"_ _1\"></span>v<span class=\"_ _0\"></span>i)<span class=\"_ _d\"> </span>Protec<span class=\"_ _0\"></span>tion \u2013 Rei<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nce contr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>s held<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h15 ff1 fs5 fc2 sc0 ls18 ws0 gs80e\">(<span class=\"_ _1\"></span>a) <span class=\"_ _8\"> </span>R<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>onci<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ation of t<span class=\"_ _0\"></span>he re<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g cover<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ge and i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>red cl<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ms<span class=\"_ _3b2\"> </span></div><div class=\"gs80f\"><table class=\"s w1e3 h18b\" id=\"_2370ee0f-b8b9-431c-b471-18c937b584fe\"><tr><td></td><td></td><td class=\"c n xd7d y4523 w2d9 h12b\"><div class=\"t m2 x1ca hf y415b ff6 fs9 fc1 sc0 ls18 ws32\">As<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t for r<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g cove<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td></td><td class=\"c n xd7e y4524 w329 h11e\"><div class=\"t m2 x1ca hf y415d ff3 fs9 fc1 sc0 ls1 ws16\">Asset for<span class=\"_ _1\"></span> remaining cov<span class=\"_ _1\"></span>erage<span class=\"_ _3b2\"> </span></div></td><td></td><td></td></tr><tr><td></td><td class=\"t m2 xd7f h13 y4525 ff5 fs9 fc1 sc0 ls3d ws131\" colspan=\"2\">Excluding<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xaa3 h13 y4525 ff5 fs9 fc1 sc0 ls1 ws16\">Asset for </td><td></td><td class=\"t m2 x9f6 hf y4525 ff3 fs9 fc1 sc0 ls189 ws1ab\" colspan=\"2\">Excluding<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xd80 hf y4525 ff3 fs9 fc1 sc0 ls1 ws16\">Asset for </td><td></td></tr><tr><td></td><td class=\"t m2 xd46 h13 y4526 ff6 fs9 fc1 sc0 ls18 ws32\">lo<span class=\"_ _0\"></span>ss re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ove<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xac1 h13 y4526 ff6 fs9 fc1 sc0 ls18 ws32\">Lo<span class=\"_ _0\"></span>ss re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ove<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x7c4 h13 y4526 ff5 fs9 fc1 sc0 ls1 ws0\">incurre<span class=\"_ _0\"></span>d </td><td></td><td class=\"t m2 x498 hf y4526 ff3 fs9 fc1 sc0 ls16a ws34\">loss re<span class=\"_ _0\"></span>cover<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x287 hf y4526 ff3 fs9 fc1 sc0 ls16a ws34\">Loss re<span class=\"_ _0\"></span>cover<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x326 hf y4526 ff3 fs9 fc1 sc0 ls1 ws0\">incurred </td><td></td></tr><tr><td></td><td class=\"t m2 x5ee h13 y4527 ff5 fs9 fc1 sc0 ls14a ws164\">component<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xa4e h13 y4527 ff5 fs9 fc1 sc0 ls14a ws164\">component </td><td class=\"t m2 x464 h13 y4527 ff5 fs9 fc1 sc0 ls29 ws30\">claims<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x432 h13 y4527 ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x4c5 hf y4527 ff3 fs9 fc1 sc0 ls3b ws45\">component<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xb15 hf y4527 ff3 fs9 fc1 sc0 ls3b ws45\">component </td><td class=\"t m2 x32b hf y4527 ff3 fs9 fc1 sc0 ls187 ws19c\">claims<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y4527 ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x327 h13 y4528 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xd81 h13 y4528 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xd82 h13 y4528 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x432 h13 y4528 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x27e hf y4528 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x9fa hf y4528 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xd83 hf y4528 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y4528 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 xc70 h13 y4529 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x8d0 h13 y4529 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xa71 h13 y4529 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xd84 h13 y4529 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xac2 hf y4529 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x42c hf y4529 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x271 hf y4529 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y4529 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y452a w32a h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Opening reinsurance contrac<span class=\"_ _0\"></span>t liabilities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1033 y452a w3a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(299)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1034 y452a wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1035 y452a w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">79<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1036 y452a w3a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(220)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1037 y452a w71 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(52)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1038 y452a wbd h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1039 y452a wbd h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x103a y452a w5a h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(52)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y452b w32b h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws54\">Opening reinsurance contract asset<span class=\"_ _1\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x103b y452b w4a h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">962<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x103c y452b w4a h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">760<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x103d y452b w4a h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">823</div></td><td class=\"c n x49d y452b w36 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,545<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x103e y452b w42 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">866<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x103f y452b w42 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">473<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1040 y452b w42 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">874</div></td><td class=\"c n x1041 y452b w37 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,213<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y452c w303 h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws0\">Ne<span class=\"_ _0\"></span>t ba<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ce a<span class=\"_ _0\"></span>s at 1 J<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>ar<span class=\"_ _3\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1042 y452c w4a h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">663<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1043 y452c w4a h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">760<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1044 y452c w4a h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">902</div></td><td class=\"c n x1045 y452c w36 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,325<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1046 y452c w4b h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">814<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1047 y452c w4b h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">473<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1048 y452c w42 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">874</div></td><td class=\"c n x8cf y452c w37 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,161<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y452d w32c h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws23\">Allocation of<span class=\"_ _1\"></span> reinsurance premium<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1049 y452d w33 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(1,037)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x104a y452d wa5 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x104b y452d wa5 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013</div></td><td class=\"c n x104c y452d w33 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(1,037)</div></td><td class=\"c n x104d y452d w34 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(1,044)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x104e y452d wbf h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x104f y452d wbd h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013</div></td><td class=\"c n x1050 y452d w34 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(1,044)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 hb y452e ff6 fs6 fc1 sc0 ls56 ws55\">Am<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t rec<span class=\"_ _0\"></span>ove<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>le fr<span class=\"_ _0\"></span>om re<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s for in<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d cl<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>ms<span class=\"_ _0\"></span> </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m2 x206 h1a y452f ff3 fs6 fc1 sc0 ls56 ws0\">Am<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nts r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>over<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le fo<span class=\"_ _0\"></span>r cla<span class=\"_ _0\"></span>ims a<span class=\"_ _0\"></span>nd ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r exp<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span> </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4530 w32d h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">inc<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e yea<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1051 y4530 wa4 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1052 y4530 w3a h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(106)</div></td><td class=\"c n x1053 y4530 w36 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,115</div></td><td class=\"c n x1054 y4530 w36 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,009<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xdbb y4530 wbd h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1055 y4530 w71 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(11)</div></td><td class=\"c n x532 y4530 w37 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,082</div></td><td class=\"c n x241 y4530 w37 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,071<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4531 w307 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Cha<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>es th<span class=\"_ _0\"></span>at re<span class=\"_ _0\"></span>late to pas<span class=\"_ _0\"></span>t se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xda8 y4531 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xda9 y4531 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf26 y4531 w246 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">11<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf27 y4531 w70 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">11<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf28 y4531 wbf h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf29 y4531 wbf h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf2a y4531 w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">12<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf2b y4531 w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">12<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 h1a y4532 ff3 fs6 fc1 sc0 ls56 ws0\">Cha<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>es in e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted f<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>ure re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>over<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s whi<span class=\"_ _0\"></span>ch re<span class=\"_ _0\"></span>late<span class=\"_ _0\"></span> </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4533 w32e h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">to<span class=\"_ gs5e1\"> </span>one<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>us und<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ly<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>cts<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1056 y4533 w1e1 h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws0\">5<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf11 y4533 wa4 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf12 y4533 wa4 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1057 y4533 w59 h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws0\">5<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb76 y4533 w50 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1038 y4533 wbd h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1039 y4533 wbd h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x220 y4533 w50 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 h1a y4534 ff3 fs6 fc1 sc0 ls56 ws0\">Rec<span class=\"_ _0\"></span>ove<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y of re<span class=\"_ _0\"></span>ins<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t lo<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>es \u2013 lo<span class=\"_ _0\"></span>ss re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>over<span class=\"_ _3\"></span>y </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m2 x206 h1a y4535 ff3 fs6 fc1 sc0 ls56 ws0\">co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t est<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>ish<span class=\"_ _0\"></span>ed d<span class=\"_ _0\"></span>ue to re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>over<span class=\"_ _3\"></span>y of los<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span> </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4536 w356 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">on<span class=\"_ gs5e1\"> </span>un<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>rl<span class=\"_ _0\"></span>yi<span class=\"_ _0\"></span>ng co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>ts<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1058 y4536 wa5 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1059 y4536 w4a h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">279<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x105a y4536 wa4 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x105b y4536 w4a h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">279<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x105c y4536 wbd h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf0e y4536 w42 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">315<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x105d y4536 wbf h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7f8 y4536 w42 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">315<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 h1a y4537 ff3 fs6 fc1 sc0 ls56 ws0\">Rec<span class=\"_ _0\"></span>ove<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y of re<span class=\"_ _0\"></span>ins<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t lo<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>es \u2013 ad<span class=\"_ _0\"></span>jus<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m2 x206 hc y4538 ff4 fs6 fc1 sc0 ls56 ws55\">to<span class=\"_ gs5e1\"> </span>los<span class=\"_ _0\"></span>s reco<span class=\"_ _0\"></span>ver<span class=\"_ _3\"></span>y comp<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t for chan<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>s in fulf<span class=\"_ _0\"></span>ilm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4539 w32f h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">cas<span class=\"_ _0\"></span>h<span class=\"_ gs5e1\"> </span>f<span class=\"_ _0\"></span>lows<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xdb7 y4539 wa5 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x105e y4539 w41 h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(18)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x105f y4539 wa5 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1060 y4539 waf h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(18)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1061 y4539 wbd h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1062 y4539 w71 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(16)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1063 y4539 wbf h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1064 y4539 w5a h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(16)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y453a w330 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Cha<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>e in n<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>man<span class=\"_ _0\"></span>ce r<span class=\"_ _0\"></span>isk o<span class=\"_ _0\"></span>f rein<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>rer<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xdbf y453a wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xdc0 y453a wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xdc1 y453a wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xdc2 y453a wa6 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1065 y453a w5a h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(46)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1066 y453a wbd h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1067 y453a wbf h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x21e y453a w5a h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(46)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y453b w331 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">Am<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t rec<span class=\"_ _0\"></span>ove<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>le fr<span class=\"_ _0\"></span>om re<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s for in<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d cl<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>ms<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1068 y453b w1e1 h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws0\">5<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1069 y453b w4a h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">155</div></td><td class=\"c n x106a y453b w36 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,126</div></td><td class=\"c n x106b y453b w36 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,286<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x106c y453b w5a h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(43)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x106d y453b w42 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">288</div></td><td class=\"c n x106e y453b w30 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,094</div></td><td class=\"c n x1e8 y453b w37 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,339<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y453c w332 h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls11c ws25\">Net (<span class=\"_ _1\"></span>expense<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>)/income fr<span class=\"_ _1\"></span>om reinsurance<span class=\"_ _1\"></span> contracts<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xdcf y453c w33 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(1,032)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x106f y453c w4a h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">155</div></td><td class=\"c n x1070 y453c w36 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,126<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1071 y453c w4a h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">249</div></td><td class=\"c n x1072 y453c w34 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(1,087)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf56 y453c w42 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">288</div></td><td class=\"c n xf57 y453c w30 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,094<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8f2 y453c w42 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">295<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y453d w333 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls12e wsca\">Finance<span class=\"_ _1\"></span> income/<span class=\"_ _1\"></span>(<span class=\"_ _1\"></span>expense<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>) from<span class=\"_ _1\"></span> rei<span class=\"_ _1\"></span>nsurance<span class=\"_ _1\"></span> contra<span class=\"_ _1\"></span>cts<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1073 y453d w3a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(123)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1074 y453d wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1075 y453d w1e1 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1076 y453d w3a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(120)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1077 y453d w50 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1078 y453d wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1079 y453d w6a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(5)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x107a y453d w50 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y44dc w30b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t of move<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s in exc<span class=\"_ _0\"></span>han<span class=\"_ _0\"></span>ge r<span class=\"_ _0\"></span>ates<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x107b y44dc wb4 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(1)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x107c y44dc w1e1 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x107d y44dc w1e1 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x107e y44dc w59 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x107f y44dc w6a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(5)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1080 y44dc w6a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(1)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1081 y44dc w6a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(5)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1082 y44dc w5a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(11)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y453e w30c h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l am<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nt re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d in co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>h<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=\"_ _3b2\"> </span></div></td><td class=\"c n xde4 y453e w33 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(1,156)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf52 y453e w4a h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">156</div></td><td class=\"c n xf53 y453e w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,133<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1083 y453e w4a h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">133</div></td><td class=\"c n x1084 y453e w34 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(1,085)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1085 y453e w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">287</div></td><td class=\"c n x1086 y453e w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,084<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1087 y453e w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">286<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y453f wc4 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws23\">Inv<span class=\"_ _1\"></span>estment<span class=\"_ _1\"></span> components<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf59 y453f w41 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(21)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf5a y453f wa4 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf5b y453f w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">21<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf5c y453f wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf5d y453f w5a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(24)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf5e y453f wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7ff y453f w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">24<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf5f y453f wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 hb y4540 ff5 fs6 fc1 sc0 ls4f ws128\">Cash flo<span class=\"_ _1\"></span>ws </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m2 x206 h1a y4541 ff3 fs6 fc1 sc0 ls56 ws0\">Pre<span class=\"_ _0\"></span>miu<span class=\"_ _0\"></span>ms n<span class=\"_ _0\"></span>et of c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>mis<span class=\"_ _0\"></span>sio<span class=\"_ _0\"></span>n an<span class=\"_ _0\"></span>d oth<span class=\"_ _0\"></span>er di<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>ctl<span class=\"_ _0\"></span>y </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y418c w334 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">attributable expenses<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1088 y418c w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">957<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1089 y418c wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x108a y418c wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x108b y418c w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">957<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x108c y418c w4b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">958<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x108d y418c wbf h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x108e y418c wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x491 y418c w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">958<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4306 w335 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">Recoveries from reinsurance<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xdfa y4306 wa5 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xdfb y4306 wa5 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013</div></td><td class=\"c n xdfc y4306 w33 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(1,073)</div></td><td class=\"c n xdfd y4306 w33 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(1,073)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xdfe y4306 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xdff y4306 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013</div></td><td class=\"c n xe00 y4306 w34 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(1,080)</div></td><td class=\"c n xe01 y4306 w34 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(1,080)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c2 w310 h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws0\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l c<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>h fl<span class=\"_ _0\"></span>ows<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x108f y40c2 w4a h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">957<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1090 y40c2 wa4 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013</div></td><td class=\"c n x1091 y40c2 w33 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(1,073)</div></td><td class=\"c n x1092 y40c2 w3a h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(116)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1093 y40c2 w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">958<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1094 y40c2 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013</div></td><td class=\"c n x1095 y40c2 w34 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(1,080)</div></td><td class=\"c n x1096 y40c2 w3b h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(122)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4542 w337 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Closing reinsurance contract liabilities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1097 y4542 w3a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(305)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1098 y4542 wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1099 y4542 w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">137<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x109a y4542 w3a h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(168)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x109b y4542 w4d h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(299)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x109c y4542 wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x109d y4542 w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">79<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x109e y4542 w3b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(220)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4158 w338 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws54\">Closing reinsurance<span class=\"_ _1\"></span> contract assets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x109f y4158 w4a h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">748<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10a0 y4158 w4a h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">916<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10a1 y4158 w4a h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">846</div></td><td class=\"c n x10a2 y4158 w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,510<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10a3 y4158 w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">962<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10a4 y4158 w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">760<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10a5 y4158 w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">823</div></td><td class=\"c n x1ea y4158 w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,545<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w313 h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws0\">Ne<span class=\"_ _0\"></span>t ba<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ce a<span class=\"_ _0\"></span>s at 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10a6 y40ae w4a h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">443<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x106f y40ae w4a h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">916<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10a7 y40ae w4a h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">983</div></td><td class=\"c n x10a8 y40ae w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,342<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10a9 y40ae w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">663<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10aa y40ae w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">760<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10ab y40ae w4b h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">902</div></td><td class=\"c n x241 y40ae w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,325<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"t m2 h15 ff1 fs5 fc2 sc0 ls18 ws0 gs811\">(b) <span class=\"_ _7\"> </span>R<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>onci<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>iat<span class=\"_ _0\"></span>ion of t<span class=\"_ _0\"></span>he me<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ement c<span class=\"_ _0\"></span>ompone<span class=\"_ _0\"></span>nts of re<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nce c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t ba<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nces<span class=\"_ _3b2\"> </span></div><div class=\"gs6f3\"><table class=\"s w357 h18c\" id=\"_8c36b0f2-aed1-4887-8434-c244801c70c9\"><tr><td></td><td></td><td class=\"t m2 x6c1 h13 y4543 ff5 fs9 fc1 sc0 ls1 ws0\">Risk </td><td></td><td></td><td></td><td class=\"t m2 x4d5 hf y4543 ff3 fs9 fc1 sc0 ls1 ws0\">Risk </td><td></td><td></td></tr><tr><td></td><td class=\"t m2 xc6f h13 y4544 ff6 fs9 fc1 sc0 ls38 ws3a\">Present <span class=\"_ _1\"></span>value </td><td class=\"t m2 xc70 h13 y4544 ff5 fs9 fc1 sc0 ls3d ws86\">adjustment for </td><td></td><td></td><td class=\"t m2 x529 hf y4544 ff3 fs9 fc1 sc0 ls168 ws123\">Present value </td><td class=\"t m2 x433 hf y4544 ff3 fs9 fc1 sc0 ls187 ws41\">adjustment for </td><td></td><td></td></tr><tr><td></td><td class=\"t m2 xc71 h13 y4545 ff5 fs9 fc1 sc0 ls29 wsf7\">of future cash </td><td class=\"t m2 xc72 h13 y4545 ff5 fs9 fc1 sc0 ls38 ws3a\">non-financial </td><td></td><td></td><td class=\"t m2 x51c hf y4545 ff3 fs9 fc1 sc0 ls1 ws16\">of future<span class=\"_ _1\"></span> cash </td><td class=\"t m2 xc73 hf y4545 ff3 fs9 fc1 sc0 ls187 ws19c\">non-<span class=\"_ _0\"></span>financial </td><td></td><td></td></tr><tr><td></td><td class=\"t m2 x7bd h13 y4546 ff5 fs9 fc1 sc0 ls45 ws100\">flows </td><td class=\"t m2 x273 h13 y4546 ff5 fs9 fc1 sc0 ls115 ws4f\">risk </td><td class=\"t m2 xac4 h13 y4546 ff5 fs9 fc1 sc0 ls1 ws0\">CSM </td><td class=\"t m2 x430 h13 y4546 ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x493 hf y4546 ff3 fs9 fc1 sc0 ls16a ws185\">flows<span class=\"_ _0\"></span> </td><td class=\"t m2 xc74 hf y4546 ff3 fs9 fc1 sc0 ls1 ws0\">risk </td><td class=\"t m2 x7c5 hf y4546 ff3 fs9 fc1 sc0 ls1 ws0\">CSM </td><td class=\"t m2 x1c7 hf y4546 ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 xc75 h13 y4547 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x7c3 h13 y4547 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x7c4 h13 y4547 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x430 h13 y4547 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x26f hf y4547 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x26c hf y4547 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x7c5 hf y4547 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y4547 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x8d2 h13 y4548 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x321 h13 y4548 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x464 h13 y4548 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xac3 h13 y4548 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x465 hf y4548 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x466 hf y4548 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x467 hf y4548 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y4548 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y4549 w32a h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Opening reinsurance contrac<span class=\"_ _0\"></span>t liabilities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10ac y4549 w3a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(254)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10ad y4549 w1e1 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10ae y4549 w246 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">30<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10af y4549 w3a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(220)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe3a y4549 w71 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(48)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10b0 y4549 w75 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10b1 y4549 w6a h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(6)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10b2 y4549 w71 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(52)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y44cb w32b h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws54\">Opening reinsurance contract asset<span class=\"_ _1\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe2f y44cb w36 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,941<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10b3 y44cb w1e1 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">6<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10b4 y44cb w3a h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(402)</div></td><td class=\"c n x10b5 y44cb w36 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,545<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10b6 y44cb w37 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,467<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10b7 y44cb w39 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">11<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10b8 y44cb w3b h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(265)</div></td><td class=\"c n x10b9 y44cb w30 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,213<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y454a w303 h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws0\">Ne<span class=\"_ _0\"></span>t ba<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ce a<span class=\"_ _0\"></span>s at 1 J<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>ar<span class=\"_ _3\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe37 y454a w36 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,687<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10ba y454a w246 h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">10<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10bb y454a w3a h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(372)</div></td><td class=\"c n x10bc y454a w36 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,325<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10bd y454a w30 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,419<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10be y454a w39 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">13<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10bf y454a w3b h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(271)</div></td><td class=\"c n x72f y454a w37 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,161<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 hb y454b ff6 fs6 fc1 sc0 ls56 ws55\">Ch<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>es th<span class=\"_ _0\"></span>at re<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ate to cu<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>nt se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y454c w33a h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">C<span class=\"_ _0\"></span>SM r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nis<span class=\"_ _0\"></span>ed fo<span class=\"_ _0\"></span>r se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>s rec<span class=\"_ _0\"></span>ei<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe3d y454c wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe3e y454c wa4 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10c0 y454c w59 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">6<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10c1 y454c wa8 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">6<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xecb y454c wbf h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10c2 y454c wbd h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10c3 y454c w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">41<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10c4 y454c w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">41<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 h1a y454d ff3 fs6 fc1 sc0 ls55 ws59\">Change in the risk adj<span class=\"_ _1\"></span>ustment for non-f<span class=\"_ _0\"></span>inancial </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y454e w33b h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">ris<span class=\"_ _0\"></span>k<span class=\"_ gs5e1\"> </span>for ris<span class=\"_ _0\"></span>k expi<span class=\"_ _0\"></span>red<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10c5 y454e wa5 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x973 y454e wa4 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10c6 y454e wa5 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10c7 y454e wa6 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10c8 y454e wbd h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10c9 y454e w6a h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(1)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10ca y454e wbd h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10cb y454e w6a h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(1)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y44d1 w316 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws23\">Experience adju<span class=\"_ _1\"></span>stments<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc9b y44d1 w41 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(30)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc9c y44d1 wa4 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc9d y44d1 wa4 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc9e y44d1 waf h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(30)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc9f y44d1 w5a h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(15)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x52d y44d1 wbd h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x52e y44d1 wbd h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x37c y44d1 w71 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(15)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y454f w317 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l ch<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>at re<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>te to cu<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xca0 y454f w14c h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(30)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe9f y454f wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10cc y454f w1e1 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">6<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10cd y454f w41 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(24)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1015 y454f w71 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(15)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10ce y454f w6a h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(1)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10cf y454f w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">41<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10d0 y454f w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">25<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 hb y4550 ff6 fs6 fc1 sc0 ls56 ws55\">Ch<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>es th<span class=\"_ _0\"></span>at re<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ate to fu<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>re se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4551 w318 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Cha<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>es in e<span class=\"_ _0\"></span>sti<span class=\"_ _0\"></span>mate<span class=\"_ _0\"></span>s whi<span class=\"_ _0\"></span>ch a<span class=\"_ _0\"></span>djus<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e C<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>M<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xca8 y4551 w3a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(208)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10d1 y4551 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10d2 y4551 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">208<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10d3 y4551 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10d4 y4551 w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">161<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10d5 y4551 wc0 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(3)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xfa3 y4551 w4d h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(158)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10d6 y4551 wbd h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y4552 w358 h182\"><div class=\"t m2 x1ca h1a y4239 ff3 fs6 fc1 sc0 ls10a ws5a\">Changes in estimat<span class=\"_ _1\"></span>es that<span class=\"_ _1\"></span> result in losses or<span class=\"_ _3b2\"> </span></div><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">reve<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>al<span class=\"_ gs5e1\"> </span>of los<span class=\"_ _0\"></span>ses on un<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>rl<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g one<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>s con<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10d7 y4552 w4a h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">170<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10d8 y4552 wa4 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10d9 y4552 wa4 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xfac y4552 w4a h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">170<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xfad y4552 w42 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">241<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10da y4552 wbd h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10db y4552 wc0 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(8)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10dc y4552 w42 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">233<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4553 w31a h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>ts in<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>all<span class=\"_ _0\"></span>y re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e yea<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10dd y4553 w246 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">52<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10de y4553 wa4 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc5a y4553 w246 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">43<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10df y4553 w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">95<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10e0 y4553 w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">34<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10e1 y4553 w75 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10e2 y4553 w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">35<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcc9 y4553 w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">71<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4554 w31b h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l ch<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>at re<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>te to fu<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>re se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10e3 y4554 w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">14<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10e4 y4554 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10e5 y4554 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">251<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4f6 y4554 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">265<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10e6 y4554 w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">436<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10e7 y4554 w6a h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(1)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10e8 y4554 w3b h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(131)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10e9 y4554 w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">304<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 hb y4555 ff6 fs6 fc1 sc0 ls56 ws55\">Ch<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>es th<span class=\"_ _0\"></span>at re<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ate to pa<span class=\"_ _0\"></span>st se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4556 w31c h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Claims variance<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10ea y4556 w1e1 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">8<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10eb y4556 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10ec y4556 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10ed y4556 w59 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">8<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10ee y4556 w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">12<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10ef y4556 wbd h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xfbb y4556 wbd h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x25f y4556 w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">12<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4557 w330 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Cha<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>e in n<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>man<span class=\"_ _0\"></span>ce r<span class=\"_ _0\"></span>isk o<span class=\"_ _0\"></span>f rein<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>rer<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe78 y4557 wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe79 y4557 wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe7a y4557 wa4 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe7b y4557 wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10f0 y4557 w5a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(46)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10f1 y4557 wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10f2 y4557 wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3de y4557 w71 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(46)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4558 w359 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls11c ws25\">Net income/<span class=\"_ _1\"></span>(<span class=\"_ _1\"></span>expenses<span class=\"_ _1\"></span>)<span class=\"_ _1\"></span> from<span class=\"_ _1\"></span> reinsurance contracts<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10f3 y4558 wb4 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(8)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10f4 y4558 wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10f5 y4558 w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">257<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10f6 y4558 w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">249<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10f7 y4558 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">387<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10f8 y4558 w6a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(2)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10f9 y4558 w71 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(90)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10fa y4558 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">295<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y4559 w33d h147\"><div class=\"t m2 x1ca h1a y4239 ff3 fs6 fc1 sc0 ls12e wsca\">Finance<span class=\"_ _1\"></span> income/<span class=\"_ _1\"></span>(<span class=\"_ _1\"></span>expense<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>) from<span class=\"_ _3b2\"> </span></div><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls10e ws11c\">reinsurance<span class=\"_ gs5e1\"> </span><span class=\"_ _1\"></span>contracts<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10fb y4559 w3a h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(113)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc3a y4559 wa4 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10fc y4559 w67 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(7)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe52 y4559 w3a h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(120)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10fd y4559 w50 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10fe y4559 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10ff y4559 w6a h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(5)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x220 y4559 w50 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y44dd w30b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t of move<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s in exc<span class=\"_ _0\"></span>han<span class=\"_ _0\"></span>ge r<span class=\"_ _0\"></span>ates<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe8d y44dd w1e1 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1100 y44dd wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1101 y44dd wa4 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8dd y44dd wa8 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1102 y44dd w6a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(4)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1103 y44dd wc0 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(1)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1104 y44dd w6a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(6)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1105 y44dd w5a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(11)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y453f w30c h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l am<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nt re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d in co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>h<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=\"_ _3b2\"> </span></div></td><td class=\"c n xe93 y453f w3a h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(117)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xceb y453f wa4 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1106 y453f w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">250<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1107 y453f w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">133<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4b2 y453f w4b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">390<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1108 y453f w6a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(3)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1109 y453f w3b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(101)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x20f y453f w4b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">286<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 hb y455a ff5 fs6 fc1 sc0 ls4f ws128\">Cash flo<span class=\"_ _1\"></span>ws </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m2 x206 h1a y455b ff3 fs6 fc1 sc0 ls56 ws0\">Pre<span class=\"_ _0\"></span>miu<span class=\"_ _0\"></span>ms n<span class=\"_ _0\"></span>et of c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>mis<span class=\"_ _0\"></span>sio<span class=\"_ _0\"></span>n an<span class=\"_ _0\"></span>d oth<span class=\"_ _0\"></span>er di<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>ctl<span class=\"_ _0\"></span>y </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y418c w334 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">attributable expenses<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x110a y418c w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">957<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x110b y418c wa4 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x110c y418c wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x110d y418c w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">957<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x110e y418c w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">958<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe7d y418c wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe7e y418c wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x110f y418c w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">958<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c1 w335 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">Recoveries from reinsurance<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe9e y40c1 w33 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(1,073)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe9f y40c1 wa5 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xea0 y40c1 wa5 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013</div></td><td class=\"c n xea1 y40c1 w33 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(1,073)</div></td><td class=\"c n xea2 y40c1 w34 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(1,080)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xea3 y40c1 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xea4 y40c1 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xea5 y40c1 w34 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(1,080)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4182 w310 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws0\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l c<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>h fl<span class=\"_ _0\"></span>ows<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1110 y4182 w3a h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(116)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcaf y4182 wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4a9 y4182 wa4 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1111 y4182 w3a h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(116)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1112 y4182 w3b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(122)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1113 y4182 wbf h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1114 y4182 wbf h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xfcd y4182 w3b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(122)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4183 w337 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Closing reinsurance contract liabilities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1115 y4183 w3a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(191)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1116 y4183 w59 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1117 y4183 w246 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">19<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1118 y4183 w3a h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(168)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1119 y4183 w3b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(254)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x111a y4183 w50 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x111b y4183 w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">30<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x111c y4183 w3b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(220)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ac w338 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws54\">Closing reinsurance<span class=\"_ _1\"></span> contract assets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xeb4 y40ac w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,645<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x111d y40ac w1e1 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">6<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x111e y40ac w3a h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(141)</div></td><td class=\"c n x111f y40ac w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,510<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1120 y40ac w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,941<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1121 y40ac w50 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">6<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1122 y40ac w3b h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(402)</div></td><td class=\"c n x253 y40ac w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,545<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w313 h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws0\">Ne<span class=\"_ _0\"></span>t ba<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ce a<span class=\"_ _0\"></span>s at 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xebc y40ae w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,454<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xfb2 y40ae w7b h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">10<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1123 y40ae w3a h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(122)</div></td><td class=\"c n x1124 y40ae w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,342<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1125 y40ae w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,687<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1126 y40ae w39 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">10<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1127 y40ae w3b h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(372)</div></td><td class=\"c n xf80 y40ae w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,325<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"t m2 h15 ff1 fs5 fc2 sc0 ls18 ws0 gs812\">(<span class=\"_ _1\"></span>c<span class=\"_ _1\"></span>) <span class=\"_ _4c\"> </span>Imp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t of cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>ed i<span class=\"_ _0\"></span>n t<span class=\"_ _0\"></span>he yea<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div><div class=\"gs813\"><table class=\"s w35a h183\" id=\"_1fce1c25-1979-4d03-84d5-fe8d5fc01eaa\"><tr><td></td><td></td><td></td><td class=\"c n xd14 y44e0 w31e h11d\"><div class=\"t m2 x1ca h10 y4491 ff5 fs9 fc1 sc0 ls18 ws0\">Of w<span class=\"_ _0\"></span>hi<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>h re<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>s to:<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n xd15 y44e1 w31f h17e\"><div class=\"t m2 x1ca h10 y4493 ff4 fs9 fc1 sc0 ls18 ws32\">Of whic<span class=\"_ _0\"></span>h rel<span class=\"_ _0\"></span>ates to:<span class=\"_ _3b2\"> </span></div></td></tr><tr><td></td><td class=\"t m2 x4e5 h13 y455c ff5 fs9 fc1 sc0 ls38 ws3b\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> impact </td><td></td><td></td><td class=\"t m2 x499 hf y455c ff3 fs9 fc1 sc0 ls168 ws123\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> impact </td><td></td><td></td></tr><tr><td></td><td class=\"t m2 x4e5 h13 y455d ff5 fs9 fc1 sc0 ls1 ws16\">of contract<span class=\"_ _0\"></span>s </td><td class=\"t m2 x322 h13 y455d ff5 fs9 fc1 sc0 ls37 ws3f\">T<span class=\"_ _1\"></span>ransfers<span class=\"_ _1\"></span> or </td><td class=\"t m2 xbc9 h13 y455d ff5 fs9 fc1 sc0 ls3d ws131\">Onerous </td><td class=\"t m2 x287 h10 y455d ff4 fs9 fc1 sc0 ls1 ws0\">of<span class=\"_ gs6db\"> </span><span class=\"_ _1\"></span>contracts </td><td class=\"t m2 xd16 hf y455d ff3 fs9 fc1 sc0 ls1 ws16\">T<span class=\"_ _1\"></span>ransf<span class=\"_ _1\"></span>ers or </td><td class=\"t m2 xd17 hf y455d ff3 fs9 fc1 sc0 ls45 ws100\">Onero<span class=\"_ _0\"></span>us </td></tr><tr><td></td><td class=\"t m2 xacc h13 y455e ff5 fs9 fc1 sc0 ls1 ws16\">recognise<span class=\"_ _0\"></span>d in </td><td class=\"t m2 x57d h13 y455e ff5 fs9 fc1 sc0 ls3d ws131\">business </td><td class=\"t m2 x506 h13 y455e ff5 fs9 fc1 sc0 ls37 ws7\">contracts </td><td class=\"t m2 xc73 hf y455e ff3 fs9 fc1 sc0 ls1 ws16\">recognised in </td><td class=\"t m2 x1c8 hf y455e ff3 fs9 fc1 sc0 ls187 ws19c\">business </td><td class=\"t m2 xd18 hf y455e ff3 fs9 fc1 sc0 ls1 ws0\">contracts </td></tr><tr><td></td><td class=\"t m2 xd19 h13 y455f ff5 fs9 fc1 sc0 ls18 ws0\">th<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span> </td><td class=\"t m2 x322 h13 y455f ff5 fs9 fc1 sc0 ls37 ws7\">acquisitions<span class=\"_ _1\"></span> </td><td class=\"t m2 x4c4 h13 y455f ff5 fs9 fc1 sc0 ls3d ws131\">issued </td><td class=\"t m2 xb67 hf y455f ff3 fs9 fc1 sc0 ls18 ws0\">the y<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>r </td><td class=\"t m2 x503 hf y455f ff3 fs9 fc1 sc0 ls10a ws118\">acquisiti<span class=\"_ _0\"></span>ons </td><td class=\"t m2 x281 hf y455f ff3 fs9 fc1 sc0 ls1 ws0\">issued </td></tr><tr><td></td><td class=\"t m2 x7c4 h13 y4560 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x430 h13 y4560 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x26f h13 y4560 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x26c hf y4560 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x7c5 hf y4560 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y4560 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x464 h13 y4561 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xac3 h13 y4561 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x465 h13 y4561 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x466 hf y4561 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x467 hf y4561 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y4561 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y40c1 w33e h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Es<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>ates of p<span class=\"_ _0\"></span>rese<span class=\"_ _0\"></span>nt v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e of cas<span class=\"_ _0\"></span>h ou<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>fl<span class=\"_ _0\"></span>ows<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1128 y40c1 w3a h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(587)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1129 y40c1 wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x112a y40c1 w3a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(522)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x112b y40c1 w3b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(462)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x112c y40c1 wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x112d y40c1 w3b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(397)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c2 w33f h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Es<span class=\"_ _0\"></span>tim<span class=\"_ _0\"></span>ates of p<span class=\"_ _0\"></span>rese<span class=\"_ _0\"></span>nt v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e of cas<span class=\"_ _0\"></span>h inf<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>ws<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10e5 y40c2 w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">639<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x69c y40c2 wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x112e y40c2 w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">590<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x112f y40c2 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">496<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1130 y40c2 wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3b2 y40c2 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">443<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w323 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Risk adjustment for<span class=\"_ _1\"></span> non<span class=\"_ _0\"></span>-finan<span class=\"_ _0\"></span>cial risk<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc61 y4121 wa4 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc62 y4121 wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc63 y4121 wa6 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10e1 y4121 w75 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1131 y4121 wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1132 y4121 wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4158 w324 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">CSM<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1133 y4158 w246 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">43<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1134 y4158 wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1135 y4158 w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">27<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1136 y4158 w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">35<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1137 y4158 wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x946 y4158 w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">25<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w340 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws0\">Ne<span class=\"_ _0\"></span>t c<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>e in r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ce c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ts f<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>m 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>s r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>ed i<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1138 y40ae w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">95<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xec6 y40ae wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x522 y40ae w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">95<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1139 y40ae w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">71<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x113a y40ae wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x113b y40ae w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">71<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"t m0 h15 ff1 fs5 fc2 sc0 ls18 ws0 gs815\">(<span class=\"_ _1\"></span>d) <span class=\"_ _217\"> </span>A<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s dete<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ned on t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nsit<span class=\"_ _0\"></span>ion to I<span class=\"_ _0\"></span>F<span class=\"_ _0\"></span>R<span class=\"_ _0\"></span>S <span class=\"ls32 wsf3\">17<span class=\"_ _3b2\"> </span></span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs816\">Th<span class=\"_ _0\"></span>e Group ha<span class=\"_ _0\"></span>s appli<span class=\"_ _0\"></span>ed the foll<span class=\"_ _0\"></span>owing tr<span class=\"_ _0\"></span>ansi<span class=\"_ _0\"></span>tion ap<span class=\"_ _0\"></span>pro<span class=\"_ _0\"></span>ach<span class=\"_ _0\"></span>es to its material Pr<span class=\"_ _0\"></span>otecti<span class=\"_ _0\"></span>on rein<span class=\"_ _0\"></span>sura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t por<span class=\"_ _3\"></span>tfoli<span class=\"_ _0\"></span>os on tra<span class=\"_ _0\"></span>nsit<span class=\"_ _0\"></span>ion to IFR<span class=\"_ _0\"></span>S 1<span class=\"_ _1\"></span>7<span class=\"_ _4\"></span>, </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs817\">by<span class=\"_ gsec\"> </span>year of issue<span class=\"_ _0\"></span>:<span class=\"_ _3b2\"> </span></div><div class=\"gs818\"><table class=\"s w349 h18d\" id=\"_ec423da0-424d-4af1-8666-db0ecb051b7a\"><tr><td class=\"c n x1cb y4562 w34a h12b\"><div class=\"t m0 x1ca h13 y40ef ff5 fs9 fc1 sc0 ls37 ws3f\">T<span class=\"_ _1\"></span>ransiti<span class=\"_ _1\"></span>on approach<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1003 y4562 w34b h12b\"><div class=\"t m0 x1ca h13 y40ef ff6 fs9 fc1 sc0 ls18 ws32\">UK Pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1004 y4562 w34c h12b\"><div class=\"t m0 x1ca h13 y40ef ff5 fs9 fc1 sc0 ls18 ws0\">US P<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w34d h116\"><div class=\"t m0 x1ca h1a y40b1 ff3 fs6 fc1 sc0 lsea ws27\">Full retrospective<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1005 y4121 w34e h116\"><div class=\"t m0 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls130 ws1a1\">20<span class=\"_ _0\"></span>21<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1006 y4121 w34e h116\"><div class=\"t m0 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls130 ws1a1\">2<span class=\"_ _0\"></span>021<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ac w34f h116\"><div class=\"t m0 x1ca h1a y40b1 ff3 fs6 fc1 sc0 lsea ws27\">Modifi<span class=\"_ _0\"></span>ed retrospective<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1007 y40ac w350 h116\"><div class=\"t m0 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls11e ws141\">201<span class=\"_ _1\"></span>2-2020<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1008 y40ac w351 h116\"><div class=\"t m0 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls11e ws141\">201<span class=\"_ _4\"></span>1-2020<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w352 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1f ws26\">Fair value<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1009 y40ae w353 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls11e ws141\">Pre-201<span class=\"_ _1\"></span>2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x100a y40ae w354 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls11e ws141\">Pre<span class=\"_ _0\"></span>-201<span class=\"_ _1\"></span>1<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs819\">Det<span class=\"_ _0\"></span>ails of the assu<span class=\"_ _0\"></span>mptio<span class=\"_ _0\"></span>ns app<span class=\"_ _0\"></span>lie<span class=\"_ _0\"></span>d on trans<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>n were disc<span class=\"_ _0\"></span>los<span class=\"_ _0\"></span>ed in the 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3 Ann<span class=\"_ _0\"></span>ual rep<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>t and acc<span class=\"_ _0\"></span>ount<span class=\"_ _0\"></span>s.<span class=\"_ _3b2\"> </span></div><div class=\"gs81a\"><table class=\"s w35b h18e\" id=\"_6027c8ab-7751-4b19-b563-cd75bc040de7\"><tr><td></td><td class=\"t m0 xc6f h13 y4563 ff5 fs9 fc1 sc0 ls37 ws3f\">New contra<span class=\"_ _1\"></span>cts </td><td class=\"t m0 xac1 h13 y4563 ff5 fs9 fc1 sc0 ls37 ws7\">Contracts </td><td></td><td></td><td class=\"t m0 xd3e hf y4563 ff3 fs9 fc1 sc0 ls1 ws16\">New contracts </td><td class=\"t m0 x494 hf y4563 ff3 fs9 fc1 sc0 ls1 ws0\">Contracts </td><td></td><td></td></tr><tr><td></td><td class=\"t m0 xd3f h13 y4564 ff5 fs9 fc1 sc0 ls37 ws3f\">and contracts </td><td class=\"t m0 x897 h13 y4564 ff5 fs9 fc1 sc0 ls29 ws30\">measured </td><td class=\"t m0 xd40 h13 y4564 ff5 fs9 fc1 sc0 ls37 ws7\">Contracts </td><td></td><td class=\"t m0 x51c hf y4564 ff3 fs9 fc1 sc0 ls1 ws16\">and contracts </td><td class=\"t m0 x494 hf y4564 ff3 fs9 fc1 sc0 ls1 ws0\">measured </td><td class=\"t m0 x501 hf y4564 ff3 fs9 fc1 sc0 ls1 ws0\">Contracts </td><td></td></tr><tr><td></td><td class=\"t m0 xd41 h13 y4565 ff5 fs9 fc1 sc0 ls29 ws30\">measured </td><td class=\"t m0 xac1 h13 y4565 ff5 fs9 fc1 sc0 ls3c ws4c\">under th<span class=\"_ _1\"></span>e </td><td class=\"t m0 xd40 h13 y4565 ff5 fs9 fc1 sc0 ls29 ws30\">measured </td><td></td><td class=\"t m0 x506 hf y4565 ff3 fs9 fc1 sc0 ls1 ws0\">measured </td><td class=\"t m0 xb15 hf y4565 ff3 fs9 fc1 sc0 ls1 ws16\">under the </td><td class=\"t m0 x501 hf y4565 ff3 fs9 fc1 sc0 ls1 ws0\">measured </td><td></td></tr><tr><td></td><td class=\"t m0 xd42 h13 y4566 ff5 fs9 fc1 sc0 ls18 ws0\">un<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r t<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ll </td><td class=\"t m0 xa6f h13 y4566 ff5 fs9 fc1 sc0 ls1 ws0\">modified </td><td class=\"t m0 xacc h13 y4566 ff5 fs9 fc1 sc0 ls18 ws0\">un<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r t<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>r </td><td></td><td class=\"t m0 xd45 hf y4566 ff3 fs9 fc1 sc0 ls18 ws0\">un<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r the f<span class=\"_ _0\"></span>ul<span class=\"_ _0\"></span>l </td><td class=\"t m0 x7bf hf y4566 ff3 fs9 fc1 sc0 ls1b ws1f\">modifie<span class=\"_ _0\"></span>d </td><td class=\"t m0 xd44 hf y4566 ff3 fs9 fc1 sc0 ls18 ws0\">un<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r the f<span class=\"_ _0\"></span>air<span class=\"_ _0\"></span> </td><td></td></tr><tr><td></td><td class=\"t m0 xd42 h13 y4567 ff6 fs9 fc1 sc0 ls38 ws3a\">retrospective </td><td class=\"t m0 xc72 h13 y4567 ff6 fs9 fc1 sc0 ls38 ws3a\">retrospective </td><td class=\"t m0 x45c h13 y4567 ff6 fs9 fc1 sc0 ls10a ws118\">value<span class=\"_ _0\"></span> </td><td></td><td class=\"t m0 xd45 hf y4567 ff3 fs9 fc1 sc0 ls1 ws0\">retrospective </td><td class=\"t m0 xc73 hf y4567 ff3 fs9 fc1 sc0 ls1 ws0\">retrospective </td><td class=\"t m0 x32b hf y4567 ff3 fs9 fc1 sc0 ls10a ws118\">value <span class=\"ls1 ws0\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 xd46 h13 y4568 ff5 fs9 fc1 sc0 ls37 ws7\">approach<span class=\"_ _3b2\"> </span></td><td class=\"t m0 xac1 h13 y4568 ff5 fs9 fc1 sc0 ls37 ws7\">approach<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x274 h13 y4568 ff5 fs9 fc1 sc0 ls37 ws7\">approach<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x430 h13 y4568 ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x286 hf y4568 ff3 fs9 fc1 sc0 ls88 ws8d\">approach<span class=\"_ _3b2\"> </span></td><td class=\"t m0 xb15 hf y4568 ff3 fs9 fc1 sc0 ls88 ws8d\">approach<span class=\"_ _3b2\"> </span></td><td class=\"t m0 xd47 hf y4568 ff3 fs9 fc1 sc0 ls88 ws8d\">approach<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c7 hf y4568 ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m0 x7c2 h13 y4569 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x680 h13 y4569 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x7c4 h13 y4569 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x430 h13 y4569 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x26f hf y4569 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x26c hf y4569 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x7c5 hf y4569 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c7 hf y4569 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m0 x7c6 h13 y456a ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x321 h13 y456a ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x464 h13 y456a ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 xac3 h13 y456a ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x465 hf y456a ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x466 hf y456a ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x467 hf y456a ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 hf y456a ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y456b w327 h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws0\">CS<span class=\"_ _0\"></span>M a<span class=\"_ _0\"></span>s at 1 J<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x113c y456b w7b h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">16<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x484 y456b w3a h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(465)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x113d y456b w7b h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">77<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x113e y456b w3a h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(372)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x113f y456b w5a h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(11)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1140 y456b w3b h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(420)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1141 y456b w42 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">160<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3bd y456b w3b h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(271)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 hb y456c ff6 fs6 fc1 sc0 ls56 ws55\">Ch<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>es th<span class=\"_ _0\"></span>at re<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ate to cu<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>nt se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y456d w33a h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">C<span class=\"_ _0\"></span>SM r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nis<span class=\"_ _0\"></span>ed fo<span class=\"_ _0\"></span>r se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>s rec<span class=\"_ _0\"></span>ei<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xee0 y456d w41 h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(18)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1142 y456d w246 h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">33<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1143 y456d wb4 h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(9)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1144 y456d wa8 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">6<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1145 y456d w75 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1146 y456d w39 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">54<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1147 y456d w71 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(15)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1148 y456d w39 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">41<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 hb y456e ff6 fs6 fc1 sc0 ls56 ws55\">Ch<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>es th<span class=\"_ _0\"></span>at re<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ate to fu<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>re se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4437 w318 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Cha<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>es in e<span class=\"_ _0\"></span>sti<span class=\"_ _0\"></span>mate<span class=\"_ _0\"></span>s whi<span class=\"_ _0\"></span>ch a<span class=\"_ _0\"></span>djus<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e C<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>M<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1019 y4437 w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">109<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1149 y4437 w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">123<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x114a y4437 w14c h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(24)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x58e y4437 w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">208<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x114b y4437 w6a h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(8)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x114c y4437 w71 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(87)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x114d y4437 w71 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(71)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x114e y4437 w3b h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(166)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y411f w31a h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>ts in<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>all<span class=\"_ _0\"></span>y re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e yea<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x114f y411f w7b h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">43<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd06 y411f wa4 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd07 y411f wa4 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1150 y411f w7b h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">43<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1151 y411f w39 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">35<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcb2 y411f wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcb3 y411f wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb72 y411f w39 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">35<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y4448 w33d h182\"><div class=\"t m0 x1ca h1a y4239 ff3 fs6 fc1 sc0 ls12e wsca\">Finance<span class=\"_ _1\"></span> income/<span class=\"_ _1\"></span>(<span class=\"_ _1\"></span>expense<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>) from<span class=\"_ _3b2\"> </span></div><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls10e ws11c\">reinsurance<span class=\"_ gs5e1\"> </span><span class=\"_ _1\"></span>contracts<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1152 y4448 w59 h118\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1153 y4448 w41 h118\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(10)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10cc y4448 w1e1 h118\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1154 y4448 w6d h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(7)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1155 y4448 w50 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1156 y4448 wc0 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(9)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1157 y4448 w50 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1158 y4448 wc0 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(5)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ac w30b h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t of move<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s in exc<span class=\"_ _0\"></span>han<span class=\"_ _0\"></span>ge r<span class=\"_ _0\"></span>ates<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xefd y40ac wb4 h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(1)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1159 y40ac w59 h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7fb y40ac wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x115a y40ac wa6 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x115b y40ac w6a h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(3)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc2f y40ac w6a h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(3)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x115c y40ac wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x115d y40ac w6a h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(6)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w328 h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws0\">CS<span class=\"_ _0\"></span>M a<span class=\"_ _0\"></span>s at 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xef5 y40ae w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">150<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x115e y40ae w3a h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(318)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x115f y40ae w7b h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">46<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1160 y40ae w3a h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(122)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1161 y40ae w39 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">16<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1162 y40ae w4d h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(465)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1163 y40ae w39 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">77<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1164 y40ae w4d h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(372)<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"t m0 h21 ff1 fs10 fc2 sc0 ls77 ws0 gs81b\">(<span class=\"_ _1\"></span>v<span class=\"_ _0\"></span>ii) <span class=\"_ _10\"> </span>Mat<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y of contrac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ua<span class=\"_ _0\"></span>l u<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>iscou<span class=\"_ _0\"></span>nted ca<span class=\"_ _0\"></span>sh f<span class=\"_ _3\"></span>lows<span class=\"_ _3b2\"> </span></div><div class=\"gs81c\"><table class=\"s w14e h18f\" id=\"_90efb53e-366f-40c5-a0da-7360ea05e8de\"><tr><td></td><td class=\"c n x1165 y456f w35c h11d\"><div class=\"t m0 x1ca h13 y4151 ff6 fs9 fc1 sc0 ls3d ws131\">Insurance contracts<span class=\"_ _1\"></span> issued<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x1166 y456f w35d h11d\"><div class=\"t m0 x1ca h13 y4151 ff5 fs9 fc1 sc0 ls3d ws86\">Reinsurance<span class=\"_ _1\"></span> contracts issued<span class=\"_ _3b2\"> </span></div></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x274 h13 y4570 ff5 fs9 fc1 sc0 ls1 ws0\">Annuit<span class=\"_ _0\"></span>ies<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x94b h13 y4570 ff5 fs9 fc1 sc0 ls189 ws1ab\">Protec<span class=\"_ _0\"></span>tion<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x26f h13 y4570 ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x494 h13 y4570 ff5 fs9 fc1 sc0 ls1 ws0\">Annuit<span class=\"_ _0\"></span>ies<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x463 h13 y4570 ff5 fs9 fc1 sc0 ls189 ws1ab\">Protec<span class=\"_ _0\"></span>tion<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c7 h13 y4570 ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 h13 y4571 ff5 fs9 fc1 sc0 ls18 ws0\">Fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>24<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x464 h13 y4571 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 xac3 h13 y4571 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x465 h13 y4571 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x466 h13 y4571 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x467 h13 y4571 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 h13 y4571 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 hb y4572 ff5 fs6 fc1 sc0 ls50 ws3f\">Contractual und<span class=\"_ _1\"></span>iscounted<span class=\"_ _1\"></span> cash fl<span class=\"_ _1\"></span>ows<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y42f3 w35e h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">1 year o<span class=\"_ _0\"></span>r le<span class=\"_ _0\"></span>ss<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x967 y42f3 w36 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">6,263<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1167 y42f3 w4a h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">236<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1168 y42f3 w36 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">6,499<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1169 y42f3 w7b h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">91<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x116a y42f3 w3a h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(576)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x116b y42f3 w3a h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(485)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4377 w35f h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">1 \u2013 2 year<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x116c y4377 w36 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">6,693<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x116d y4377 w3a h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(385)</div></td><td class=\"c n x116e y4377 w36 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">6,308<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x116f y4377 w3a h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(243)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1170 y4377 w41 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(60)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1171 y4377 w3a h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(303)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y433f w35f h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">2 \u2013 3 year<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x116c y433f w36 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">6,597<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x116d y433f w3a h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(335)</div></td><td class=\"c n x116e y433f w36 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">6,262<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x116f y433f w3a h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(226)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1170 y433f w41 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(71)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1171 y433f w3a h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(297)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4325 w35f h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">3 \u2013 4 year<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x116c y4325 w36 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">6,503<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x116d y4325 w3a h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(246)</div></td><td class=\"c n x116e y4325 w36 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">6,257<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x116f y4325 w3a h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(268)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1170 y4325 w41 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(75)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1171 y4325 w3a h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(343)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y42f5 w35f h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">4 \u2013 5 year<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x116c y42f5 w36 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">6,407<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x116d y42f5 w3a h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(154)</div></td><td class=\"c n x116e y42f5 w36 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">6,253<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x116f y42f5 w3a h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(256)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1170 y42f5 w41 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(83)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1171 y42f5 w3a h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(339)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4192 w360 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">5 \u2013 10 years<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1172 y4192 w2f h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">29,925<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1173 y4192 w4a h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">380</div></td><td class=\"c n x1174 y4192 w93 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">30,305</div></td><td class=\"c n x1175 y4192 w33 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(1,134)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1176 y4192 w3a h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(621)</div></td><td class=\"c n x1177 y4192 w33 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(1,755)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y419e w361 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">10 \u2013 20 year<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1178 y419e w2f h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">46,008<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe32 y419e w36 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">3,396</div></td><td class=\"c n x4d0 y419e w93 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">49,404</div></td><td class=\"c n x1179 y419e w33 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(1,990)</div></td><td class=\"c n x117a y419e w33 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(1,687)</div></td><td class=\"c n x117b y419e w33 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(3,677)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41a9 w362 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Ove<span class=\"_ _0\"></span>r 20 y<span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x961 y41a9 w2f h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">41,527<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x925 y41a9 w36 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">4,319</div></td><td class=\"c n x117c y41a9 w93 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">45,846</div></td><td class=\"c n x117d y41a9 w33 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(5,651)</div></td><td class=\"c n x648 y41a9 w33 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(1,995)</div></td><td class=\"c n x117e y41a9 w33 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(7,646)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w21b h11b\"><div class=\"t m0 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls1 ws0\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x117f y40ae w363 h11b\"><div class=\"t m0 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">149,923<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x96e y40ae w36 h11b\"><div class=\"t m0 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">7,211</div></td><td class=\"c n x1180 y40ae w89 h11b\"><div class=\"t m0 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">157,134</div></td><td class=\"c n x1181 y40ae w33 h11b\"><div class=\"t m0 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">(9,677)</div></td><td class=\"c n x1182 y40ae w33 h11b\"><div class=\"t m0 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">(5,168)</div></td><td class=\"c n x1183 y40ae w44 h11b\"><div class=\"t m0 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">(14,845)<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"gs81d\"><table class=\"s w136 h190\" id=\"_d41208e8-e13c-4116-8f54-ee20cd41846f\"><tr><td></td><td class=\"c n x1184 y4573 w364 h11e\"><div class=\"t m0 x1ca hf y40a5 ff3 fs9 fc1 sc0 ls1 ws16\">Insurance contracts i<span class=\"_ _1\"></span>ssued<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x1185 y4573 w365 h11e\"><div class=\"t m0 x1ca hf y40a5 ff3 fs9 fc1 sc0 ls1 ws16\">Reinsurance contracts issued<span class=\"_ _3b2\"> </span></div></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x26d hf y4574 ff3 fs9 fc1 sc0 ls168 ws183\">Annuities<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x26a hf y4574 ff3 fs9 fc1 sc0 ls38 ws3a\">Prot<span class=\"_ _1\"></span>ection<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x324 hf y4574 ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td><td class=\"t m0 xb15 hf y4574 ff3 fs9 fc1 sc0 ls168 ws183\">Annuities<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x49a hf y4574 ff3 fs9 fc1 sc0 ls38 ws3a\">Prot<span class=\"_ _1\"></span>ection<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c7 hf y4574 ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 hf y4575 ff3 fs9 fc1 sc0 ls18 ws0\">Fo<span class=\"_ _0\"></span>r the y<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>r en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>23<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x464 hf y4575 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 xac3 hf y4575 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x465 hf y4575 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x466 hf y4575 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x467 hf y4575 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 hf y4575 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 h1a y4576 ff3 fs6 fc1 sc0 ls10e ws54\">Contractual undiscounted<span class=\"_ _1\"></span> cash flows<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4304 w35e h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">1 year o<span class=\"_ _0\"></span>r le<span class=\"_ _0\"></span>ss<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1186 y4304 w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">4,575<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10a2 y4304 w42 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">471<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1187 y4304 w30 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5,046<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1188 y4304 w3b h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(110)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf93 y4304 w3b h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(709)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf94 y4304 w3b h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(819)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40be w35f h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">1 \u2013 2 year<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1189 y40be wc5 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5,862<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x118a y40be w3b h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(364)</div></td><td class=\"c n xebe y40be w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5,498<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x118b y40be w71 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(52)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcdc y40be w71 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(39)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x118c y40be w71 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(91)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4305 w35f h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">2 \u2013 3 year<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1189 y4305 wc5 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5,763<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x118a y4305 w3b h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(298)</div></td><td class=\"c n xebe y4305 w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5,465<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x118b y4305 w71 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(63)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcdc y4305 w71 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(49)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcdd y4305 w3b h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(112)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c0 w35f h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">3 \u2013 4 year<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1189 y40c0 wc5 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5,675<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x118a y40c0 w3b h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(205)</div></td><td class=\"c n xebe y40c0 w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5,470<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x118b y40c0 w71 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(73)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcdc y40c0 w71 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(54)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcdd y40c0 w3b h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(127)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c1 w35f h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">4 \u2013 5 year<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1189 y40c1 wc5 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5,582<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x118a y40c1 w3b h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(121)</div></td><td class=\"c n xebe y40c1 w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5,461<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x118b y40c1 w71 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(82)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcdc y40c1 w71 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(65)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcdd y40c1 w3b h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(147)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c2 w360 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">5 \u2013 10 years<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x118d y40c2 w3e h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">26,063<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x58e y40c2 w42 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">407</div></td><td class=\"c n x118e y40c2 w3e h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">26,470<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x118f y40c2 w3b h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(517)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1190 y40c2 w3b h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(525)</div></td><td class=\"c n x1f5 y40c2 w34 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(1,042)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w361 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">10 \u2013 20 year<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1191 y4121 w237 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">39,623<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1192 y4121 w30 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,096</div></td><td class=\"c n x1193 y4121 w3e h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">42,719</div></td><td class=\"c n x1194 y4121 w34 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(1,145)</div></td><td class=\"c n xc46 y4121 w34 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(1,593)</div></td><td class=\"c n xc47 y4121 w34 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(2,738)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4158 w362 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Ove<span class=\"_ _0\"></span>r 20 y<span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1195 y4158 w237 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">33,802<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1196 y4158 w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,873</div></td><td class=\"c n x1197 y4158 wd3 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">37,675<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1198 y4158 w5a h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(28)</div></td><td class=\"c n x1199 y4158 w34 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(1,939)</div></td><td class=\"c n x3b9 y4158 w34 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(1,967)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w236 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls15e ws179\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x119a y40ae w82 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">126,945<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x119b y40ae w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">6,859</div></td><td class=\"c n x119c y40ae w82 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">133,804</div></td><td class=\"c n x119d y40ae w34 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(2,070)</div></td><td class=\"c n x119e y40ae w34 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(4,973)</div></td><td class=\"c n x119f y40ae w34 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(7,043)<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs81e\">Th<span class=\"_ _0\"></span>e undis<span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>nted cas<span class=\"_ _0\"></span>h flows are c<span class=\"_ _0\"></span>alcu<span class=\"_ _0\"></span>lated in lin<span class=\"_ _0\"></span>e with the me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>do<span class=\"_ _0\"></span>log<span class=\"_ _0\"></span>y and ass<span class=\"_ _0\"></span>umpti<span class=\"_ _0\"></span>ons us<span class=\"_ _0\"></span>ed to the deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>e the bes<span class=\"_ _0\"></span>t esti<span class=\"_ _0\"></span>mate liabili<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>. </div><div class=\"t m0 h9 ff3 fs5 fc1 sc0 lsd ws0 gs81f\">Wh<span class=\"_ _0\"></span>ere p<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>foli<span class=\"_ _0\"></span>os co<span class=\"_ _0\"></span>ntai<span class=\"_ _0\"></span>n amo<span class=\"_ _0\"></span>unts w<span class=\"_ _0\"></span>hic<span class=\"_ _0\"></span>h would b<span class=\"_ _0\"></span>e paya<span class=\"_ _0\"></span>ble o<span class=\"_ _0\"></span>n dem<span class=\"_ _0\"></span>and t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>ashf<span class=\"_ _0\"></span>lows are d<span class=\"_ _0\"></span>eterm<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d in lin<span class=\"_ _0\"></span>e wit<span class=\"_ _0\"></span>h the b<span class=\"_ _0\"></span>est e<span class=\"_ _0\"></span>stim<span class=\"_ _0\"></span>ates of pol<span class=\"_ _0\"></span>icy<span class=\"_ _0\"></span>hol<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs820\">beh<span class=\"_ _0\"></span>avio<span class=\"_ _0\"></span>ur<span class=\"_ _1\"></span>. Prod<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>ts which have am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ts con<span class=\"_ _0\"></span>side<span class=\"_ _0\"></span>red paya<span class=\"_ _0\"></span>ble on de<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>nd are defer<span class=\"_ _0\"></span>red ann<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>ies in the U<span class=\"_ _0\"></span>K and uni<span class=\"_ _0\"></span>vers<span class=\"_ _0\"></span>al life in the US<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs821\">Dur<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e deferr<span class=\"_ _0\"></span>al pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d a polic<span class=\"_ _0\"></span>yh<span class=\"_ _0\"></span>old<span class=\"_ _0\"></span>er of<span class=\"_ _0\"></span>ten has the ab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y to ele<span class=\"_ _0\"></span>ct to surre<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>r the po<span class=\"_ _0\"></span>licy or re<span class=\"_ _0\"></span>tire ear<span class=\"_ _0\"></span>ly, at <span class=\"_ _1\"></span>whic<span class=\"_ _0\"></span>h time th<span class=\"_ _0\"></span>e defer<span class=\"_ _0\"></span>red ann<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs822\">pol<span class=\"_ _0\"></span>icy term<span class=\"_ _0\"></span>inates<span class=\"_ _0\"></span>. The c<span class=\"_ _0\"></span>ash valu<span class=\"_ _0\"></span>e of the surre<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>r is calc<span class=\"_ _0\"></span>ulated in lin<span class=\"_ _0\"></span>e with th<span class=\"_ _0\"></span>e terms of the agre<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent an<span class=\"_ _0\"></span>d in referen<span class=\"_ _0\"></span>ce to the durat<span class=\"_ _0\"></span>ion of defer<span class=\"_ _0\"></span>ral.<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs823\">Th<span class=\"_ _0\"></span>e total value con<span class=\"_ _0\"></span>side<span class=\"_ _0\"></span>red pay<span class=\"_ _0\"></span>able o<span class=\"_ _0\"></span>n dema<span class=\"_ _0\"></span>nd as at 31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2024 is \u00a310,990<span class=\"_ _0\"></span>m (20<span class=\"_ _0\"></span>23: \u00a3<span class=\"_ _0\"></span>1<span class=\"_ _1\"></span>0,<span class=\"_ _0\"></span>210m).<span class=\"_ _3b2\"> </span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs824\">Uni<span class=\"_ _0\"></span>vers<span class=\"_ _0\"></span>al life cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>ts wri<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ten in the US prov<span class=\"_ _0\"></span>ide savi<span class=\"_ _0\"></span>ngs an<span class=\"_ _0\"></span>d death be<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>s over the me<span class=\"_ _0\"></span>dium to lon<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>-ter<span class=\"_ _0\"></span>m. T<span class=\"_ _0\"></span>he savi<span class=\"_ _0\"></span>ngs el<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent is co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>d </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs825\">to<span class=\"_ gsec\"> </span>be payabl<span class=\"_ _0\"></span>e on dem<span class=\"_ _0\"></span>and by the po<span class=\"_ _0\"></span>licy<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>lde<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>. The total valu<span class=\"_ _0\"></span>e con<span class=\"_ _0\"></span>side<span class=\"_ _0\"></span>red paya<span class=\"_ _0\"></span>ble on d<span class=\"_ _0\"></span>ema<span class=\"_ _0\"></span>nd as at 31 Dec<span class=\"_ _0\"></span>emb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>24 is \u00a3425m (202<span class=\"_ _0\"></span>3: \u00a34<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>6m).<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h21 ff1 fs10 fc2 sc0 ls77 ws0 gs827\">(<span class=\"_ _1\"></span>v<span class=\"_ _0\"></span>ii<span class=\"_ _0\"></span>i) <span class=\"_ _23\"> </span>C<span class=\"_ _0\"></span>SM mat<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>rit<span class=\"_ _0\"></span>y prof<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>le<span class=\"_ _3b2\"> </span></div><div class=\"gs5e4\"><table class=\"s w366 h191\" id=\"_6a07fdb3-de9f-4158-b147-a47a03f5d51c\"><tr><td></td><td class=\"c n x1165 y4577 w35c h12b\"><div class=\"t m2 x1ca h13 y40ef ff6 fs9 fc1 sc0 ls3d ws131\">Insurance contracts<span class=\"_ _1\"></span> issued<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x1166 y4577 w35d h12b\"><div class=\"t m2 x1ca h13 y40ef ff5 fs9 fc1 sc0 ls3d ws86\">Reinsurance<span class=\"_ _1\"></span> contracts issued<span class=\"_ _3b2\"> </span></div></td><td></td><td></td></tr><tr><td></td><td class=\"t m2 x274 h13 y4578 ff5 fs9 fc1 sc0 ls1 ws0\">Annuit<span class=\"_ _0\"></span>ies<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x94b h13 y4578 ff5 fs9 fc1 sc0 ls189 ws1ab\">Protec<span class=\"_ _0\"></span>tion<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x26f h13 y4578 ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x494 h13 y4578 ff5 fs9 fc1 sc0 ls1 ws0\">Annuit<span class=\"_ _0\"></span>ies<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x463 h13 y4578 ff5 fs9 fc1 sc0 ls189 ws1ab\">Protec<span class=\"_ _0\"></span>tion<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 h13 y4578 ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 h13 y4579 ff5 fs9 fc1 sc0 ls18 ws0\">Fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>24<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x464 h13 y4579 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xac3 h13 y4579 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x465 h13 y4579 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x466 h13 y4579 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x467 h13 y4579 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 h13 y4579 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 hb y457a ff5 fs6 fc1 sc0 ls56 ws0\">Nu<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r of ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s u<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>il e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o be r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>ed<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y457b w35e h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">1 year o<span class=\"_ _0\"></span>r le<span class=\"_ _0\"></span>ss<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd32 y457b w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">618<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11a0 y457b w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">184<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11a1 y457b w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">802<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11a2 y457b w3a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(102)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11a3 y457b wa6 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11a4 y457b w3a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(102)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4377 w35f h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">1 \u2013 2 year<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11a5 y4377 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">633<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11a6 y4377 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">150<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11a7 y4377 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">783<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11a8 y4377 w3a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(106)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11a9 y4377 w59 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6a7 y4377 w3a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(105)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y433f w35f h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">2 \u2013 3 year<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11a5 y433f w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">629<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11a6 y433f w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">132<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11a7 y433f w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">761<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11a8 y433f w3a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(105)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11a9 y433f w59 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6a7 y433f w3a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(103)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4325 w35f h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">3 \u2013 4 year<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11a5 y4325 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">619<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11a6 y4325 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">122<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11a7 y4325 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">741<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11a8 y4325 w3a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(105)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11a9 y4325 w59 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6a7 y4325 w3a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(102)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y42f5 w35f h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">4 \u2013 5 year<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11a5 y42f5 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">605<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11a6 y42f5 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">115<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11a7 y42f5 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">720<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11a8 y42f5 w3a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(104)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11a9 y42f5 w59 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6a7 y42f5 w3a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(100)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4192 w360 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">5 \u2013 10 years<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11aa y4192 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">2,764<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11ab y4192 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">481<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11ac y4192 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">3,245<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11ad y4192 w3a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(501)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11ae y4192 w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">31<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11af y4192 w3a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(470)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y419e w361 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">10 \u2013 20 year<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11b0 y419e w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">4,169<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x47f y419e w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">549<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11b1 y419e w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">4,718<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x473 y419e w3a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(806)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11b2 y419e w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">61<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11b3 y419e w3a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(745)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4108 w362 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Ove<span class=\"_ _0\"></span>r 20 y<span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11b4 y4108 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">3,561<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11b5 y4108 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">198<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11b6 y4108 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">3,759<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11b7 y4108 w3a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(530)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11b8 y4108 w70 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">20<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11b9 y4108 w3a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(510)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w21b h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls1 ws0\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11ba y40ae w2f h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">13,598<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11bb y40ae w36 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">1,931</div></td><td class=\"c n x11bc y40ae w2f h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">15,529</div></td><td class=\"c n x11bd y40ae w33 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">(2,359)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11be y40ae w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">122</div></td><td class=\"c n x11bf y40ae w33 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">(2,237)<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"gs828\"><table class=\"s w15d h192\" id=\"_565b1c2a-1c0c-4290-9d1e-22214c6b0b80\"><tr><td></td><td class=\"c n x1184 y457c w364 h11e\"><div class=\"t m2 x1ca hf y415b ff3 fs9 fc1 sc0 ls1 ws16\">Insurance contracts i<span class=\"_ _1\"></span>ssued<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x1185 y457c w365 h11e\"><div class=\"t m2 x1ca hf y415b ff3 fs9 fc1 sc0 ls1 ws16\">Reinsurance contracts issued<span class=\"_ _3b2\"> </span></div></td><td></td><td></td></tr><tr><td></td><td class=\"t m2 x26d hf y457d ff3 fs9 fc1 sc0 ls168 ws183\">Annuities<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x26a hf y457d ff3 fs9 fc1 sc0 ls38 ws3a\">Prot<span class=\"_ _1\"></span>ection<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x324 hf y457d ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xb15 hf y457d ff3 fs9 fc1 sc0 ls168 ws183\">Annuities<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x49a hf y457d ff3 fs9 fc1 sc0 ls38 ws3a\">Prot<span class=\"_ _1\"></span>ection<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y457d ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 hf y457e ff3 fs9 fc1 sc0 ls18 ws0\">Fo<span class=\"_ _0\"></span>r the y<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>r en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>23<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x464 hf y457e ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xac3 hf y457e ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x465 hf y457e ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x466 hf y457e ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x467 hf y457e ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y457e ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 h1a y457f ff3 fs6 fc1 sc0 ls56 ws0\">Num<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>er of ye<span class=\"_ _0\"></span>ars u<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>l exp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d to be re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gn<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y433b w35e h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">1 year o<span class=\"_ _0\"></span>r le<span class=\"_ _0\"></span>ss<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11c0 y433b w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">626<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11c1 y433b w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">296<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11c2 y433b w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">922<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11c3 y433b w71 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(90)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11c4 y433b w50 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">8<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x2c5 y433b w71 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(82)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y416e w35f h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">1 \u2013 2 year<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11c5 y416e w153 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">636<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11c6 y416e w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">232<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x110e y416e w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">868<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11c7 y416e w5a h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(94)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11c8 y416e w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">11<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11c9 y416e w5a h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(83)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y417f w35f h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">2 \u2013 3 year<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11c5 y417f w153 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">625<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11c6 y417f w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">188<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x110e y417f w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">813<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11c7 y417f w5a h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(94)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11c8 y417f w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">14<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11c9 y417f w5a h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(80)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4170 w35f h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">3 \u2013 4 year<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11c5 y4170 w153 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">612<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11c6 y4170 w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">157<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x110e y4170 w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">769<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11c7 y4170 w5a h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(94)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11c8 y4170 w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">17<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11c9 y4170 w5a h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(77)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4180 w35f h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">4 \u2013 5 year<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11c5 y4180 w153 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">596<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11c6 y4180 w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">131<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x110e y4180 w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">727<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11c7 y4180 w5a h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(94)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11c8 y4180 w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">19<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11c9 y4180 w5a h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(75)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y419a w360 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">5 \u2013 10 years<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11ca y419a wc5 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,687<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf0d y419a w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">387<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xce2 y419a w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,074<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11cb y419a w3b h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(462)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe5c y419a w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">106<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11cc y419a w3b h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(356)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w361 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">10 \u2013 20 year<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11cd y4121 wc5 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">4,010<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11ce y4121 w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">198<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11cf y4121 w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">4,208<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11d0 y4121 w3b h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(789)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9d8 y4121 w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">146<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11d1 y4121 w3b h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(643)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ac w362 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Ove<span class=\"_ _0\"></span>r 20 y<span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11d2 y40ac wc5 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,560<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11d3 y40ac w39 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">42<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11d4 y40ac w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,602<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11d5 y40ac w3b h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(644)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11d6 y40ac w39 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">51<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11d7 y40ac w3b h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(593)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w236 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls15e ws179\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _3\"></span>l<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11d8 y40ae w237 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">13,352<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x799 y40ae w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,631</div></td><td class=\"c n x11d9 y40ae w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">14,983</div></td><td class=\"c n x11da y40ae w34 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(2,361)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11db y40ae w4b h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">372</div></td><td class=\"c n x11dc y40ae w34 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(1,989)<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs829\">Th<span class=\"_ _0\"></span>e amo<span class=\"_ _0\"></span>unts p<span class=\"_ _0\"></span>rese<span class=\"_ _0\"></span>nted ab<span class=\"_ _0\"></span>ove refl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t the n<span class=\"_ _0\"></span>et am<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nt of C<span class=\"_ _0\"></span>SM a<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>ation a<span class=\"_ _0\"></span>nd in<span class=\"_ _0\"></span>terest a<span class=\"_ _0\"></span>cc<span class=\"_ _0\"></span>retio<span class=\"_ _0\"></span>n exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted to be re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed in I<span class=\"_ _0\"></span>nsur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs82a\">ser<span class=\"_ _3\"></span>vice<span class=\"_ gsec\"> </span>r<span class=\"_ _0\"></span>esul<span class=\"_ _0\"></span>t in futu<span class=\"_ _0\"></span>re per<span class=\"_ _0\"></span>iod<span class=\"_ _0\"></span>s. Ac<span class=\"_ _0\"></span>tual C<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>M amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tisa<span class=\"_ _0\"></span>tion in fu<span class=\"_ _0\"></span>ture p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>ods will di<span class=\"_ _0\"></span>ffe<span class=\"_ _0\"></span>r from that pr<span class=\"_ _0\"></span>esen<span class=\"_ _0\"></span>ted due to the impa<span class=\"_ _0\"></span>cts of fut<span class=\"_ _0\"></span>ure </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs82b\">new<span class=\"_ gsec\"> </span>bu<span class=\"_ _0\"></span>sin<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>, rec<span class=\"_ _0\"></span>alibr<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns of the CS<span class=\"_ _0\"></span>M<span class=\"_ _0\"></span>, cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>s in the futu<span class=\"_ _0\"></span>re cover<span class=\"_ _0\"></span>age un<span class=\"_ _0\"></span>its as well as interes<span class=\"_ _0\"></span>t acc<span class=\"_ _0\"></span>retio<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>, which will b<span class=\"_ _0\"></span>e prese<span class=\"_ _0\"></span>nted </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs82c\">in<span class=\"_ gsec\"> </span>Fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>ce<span class=\"_ gsec\"> </span>in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me and ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nse.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h21 ff1 fs10 fc2 sc0 ls77 ws0 gs82d\">(ix) <span class=\"_ _d2\"> </span>A<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>sets for i<span class=\"_ _0\"></span>nsu<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ance ac<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>sition cash f<span class=\"_ _3\"></span>lows<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h15 ff1 fs5 fc2 sc0 ls18 ws0 gs82e\">(<span class=\"_ _1\"></span>a) <span class=\"_ _8\"> </span>I<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nce cont<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>ts<span class=\"_ _3b2\"> </span></div><div class=\"gs82f\"><table class=\"s w355 h193\" id=\"_88e8f222-ba8d-4868-830d-35e140d76f87\"><tr><td></td><td class=\"t m2 x274 h13 y4580 ff5 fs9 fc1 sc0 ls1 ws0\">Annuit<span class=\"_ _0\"></span>ies<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x94b h13 y4580 ff5 fs9 fc1 sc0 ls189 ws1ab\">Protec<span class=\"_ _0\"></span>tion<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x26f h13 y4580 ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xb15 hf y4580 ff3 fs9 fc1 sc0 ls168 ws183\">Annuities<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x49a hf y4580 ff3 fs9 fc1 sc0 ls38 ws3a\">Prot<span class=\"_ _1\"></span>ection<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y4580 ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x7c4 h13 y4581 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x430 h13 y4581 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x26f h13 y4581 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x26c hf y4581 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x7c5 hf y4581 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y4581 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x464 h13 y4582 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xac3 h13 y4582 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x465 h13 y4582 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x466 hf y4582 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x467 hf y4582 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y4582 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y457b w367 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws23\">Opening balance<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11dd y457b w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">18<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1036 y457b w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">24<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11de y457b w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">42<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11df y457b w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">20<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11e0 y457b w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">28<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11e1 y457b w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">48<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4377 w368 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Am<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nts i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>red d<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g the ye<span class=\"_ _0\"></span>ar<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11e2 y4377 w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">101<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4b1 y4377 w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">257<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11e3 y4377 w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">358<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11e4 y4377 w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">96<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11e5 y4377 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">239<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11e6 y4377 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">335<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4583 w369 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Am<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nts d<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nis<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>nd in<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>ed in t<span class=\"_ _0\"></span>he m<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt of i<span class=\"_ _0\"></span>nsu<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>ts<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11e7 y4583 w3a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(105)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11e8 y4583 w3a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(259)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11e9 y4583 w3a h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(364)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11ea y4583 w71 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(90)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11eb y4583 w3b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(242)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11ec y4583 w3b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(332)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4325 w36a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">Impairment losses and rev<span class=\"_ _1\"></span>ersals<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11ed y4325 wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1134 y4325 wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11ee y4325 wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11ef y4325 w6a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(8)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11f0 y4325 wbf h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11f1 y4325 w6a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(8)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4191 w30b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t of move<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s in exc<span class=\"_ _0\"></span>han<span class=\"_ _0\"></span>ge r<span class=\"_ _0\"></span>ates<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11f2 y4191 wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11f3 y4191 wa6 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x54d y4191 wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x54e y4191 wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11f4 y4191 wc0 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(1)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11f5 y4191 w6a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(1)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4192 w162 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws23\">Closing balance<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11f6 y4192 w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">14<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xbfa y4192 w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">22<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xbfb y4192 w70 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">36<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1001 y4192 w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">18<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11f7 y4192 w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">24<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf2b y4192 w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">42<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y419e w36b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10e ws54\">Presented<span class=\"_ _1\"></span> in insurance contract a<span class=\"_ _1\"></span>ssets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11f8 y419e wa4 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11f9 y419e wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11fa y419e wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11fb y419e wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1131 y419e wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1132 y419e wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4108 w36c h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Presented in insurance contract liabilities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11fc y4108 w246 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">14<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6bb y4108 w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">22<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11fd y4108 w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">36<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11fe y4108 w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">18<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11ff y4108 w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">24<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1200 y4108 w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">42<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y40ae w36d h194\"><div class=\"t m2 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls1 ws0\">T<span class=\"_ _1\"></span>otal</div><div class=\"t m2 x1201 h91 y4173 ff5 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x55b y4584 w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">14<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1202 y4584 w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">22<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1203 y4584 w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">36<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1204 y4584 w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">18<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1205 y4584 w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">24<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1206 y4584 w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">42<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs830\">1. <span class=\"_ _15\"> </span>Al<span class=\"_ _0\"></span>l ba<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng t<span class=\"_ _0\"></span>o As<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s for i<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e a<span class=\"_ _0\"></span>cq<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>isi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n ca<span class=\"_ _0\"></span>sh fl<span class=\"_ _0\"></span>ow<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 to r<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>n of<span class=\"_ _0\"></span>f wi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hi<span class=\"_ _0\"></span>n a yea<span class=\"_ _0\"></span>r.<span class=\"_ _3b2\"> </span></div>(b) <span class=\"_ _7\"> </span>R<span class=\"_ _0\"></span>ei<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span><table class=\"s w36e h195\" id=\"_1243793d-9ba2-493b-b4ae-0e46f7b5da7c\"><tr><td></td><td class=\"t m0 x274 h13 y4585 ff5 fs9 fc1 sc0 ls1 ws0\">Annuit<span class=\"_ _0\"></span>ies<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x94b h13 y4585 ff5 fs9 fc1 sc0 ls189 ws1ab\">Protec<span class=\"_ _0\"></span>tion<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x26f h13 y4585 ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td><td class=\"t m0 xb15 hf y4585 ff3 fs9 fc1 sc0 ls168 ws183\">Annuities<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x49a hf y4585 ff3 fs9 fc1 sc0 ls38 ws3a\">Prot<span class=\"_ _1\"></span>ection<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c7 hf y4585 ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m0 x7c4 h13 y4586 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x430 h13 y4586 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x26f h13 y4586 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x26c hf y4586 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x7c5 hf y4586 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c7 hf y4586 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m0 x464 h13 y4587 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 xac3 h13 y4587 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x465 h13 y4587 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x466 hf y4587 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x467 hf y4587 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 hf y4587 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y42f3 w367 h116\"><div class=\"t m0 x1ca h1a y40b1 ff5 fs6 fc1 sc0 ls1 ws23\">Opening balance<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1207 y42f3 w1e1 h116\"><div class=\"t m0 x1ca h1a y40b1 ff5 fs6 fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1208 y42f3 wa5 h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1209 y42f3 w59 h116\"><div class=\"t m0 x1ca h1a y40b1 ff5 fs6 fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x120a y42f3 w75 h116\"><div class=\"t m0 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls1 ws0\">5<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x120b y42f3 wbf h116\"><div class=\"t m0 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x120c y42f3 w75 h116\"><div class=\"t m0 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls1 ws0\">5<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41e4 w368 h116\"><div class=\"t m0 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls56 ws0\">Am<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nts i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>red d<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g the ye<span class=\"_ _0\"></span>ar<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x120d y41e4 w59 h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x120e y41e4 wa5 h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x120f y41e4 w59 h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1210 y41e4 w75 h116\"><div class=\"t m0 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd1d y41e4 wbf h116\"><div class=\"t m0 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1211 y41e4 w75 h116\"><div class=\"t m0 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y433f w36f h116\"><div class=\"t m0 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls56 ws0\">Am<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nts d<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nis<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>nd in<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>ed in t<span class=\"_ _0\"></span>he m<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt of re<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>cts<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1212 y433f w67 h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls56 ws55\">(6)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x69c y433f wa5 h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x793 y433f w67 h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls56 ws55\">(6)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc14 y433f wc0 h116\"><div class=\"t m0 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls56 ws55\">(9)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1213 y433f wbd h116\"><div class=\"t m0 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1214 y433f wc0 h116\"><div class=\"t m0 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls56 ws55\">(9)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41e7 w36a h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">Impairment losses and rev<span class=\"_ _1\"></span>ersals<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11ed y41e7 wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1134 y41e7 wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11ee y41e7 wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc4d y41e7 wbf h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc4e y41e7 wbf h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x943 y41e7 wbf h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y42f5 w30b h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t of move<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s in exc<span class=\"_ _0\"></span>han<span class=\"_ _0\"></span>ge r<span class=\"_ _0\"></span>ates<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11f2 y42f5 wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11f3 y42f5 wa6 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x54d y42f5 wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x54e y42f5 wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe63 y42f5 wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1215 y42f5 wbf h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41c7 w162 h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws23\">Closing balance<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1216 y41c7 w1e1 h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1217 y41c7 wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1218 y41c7 wa8 h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1219 y41c7 w50 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x52e y41c7 wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x121a y41c7 w50 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y419e w370 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10e ws54\">Presented<span class=\"_ _1\"></span> in reinsurance contract<span class=\"_ _1\"></span> assets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x121b y419e w1e1 h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x121c y419e wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x121d y419e w59 h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x121e y419e w50 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcb3 y419e wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x121f y419e w50 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41a9 w371 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Presented in r<span class=\"_ _1\"></span>einsurance contract liabilities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcec y41a9 wa4 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1220 y41a9 wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1221 y41a9 wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1222 y41a9 wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1223 y41a9 wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1224 y41a9 wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y40ae w36d h132\"><div class=\"t m0 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls1 ws0\">T<span class=\"_ _1\"></span>otal</div><div class=\"t m0 x1201 h91 y418a ff5 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4ef y434d w1e1 h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1225 y434d wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1226 y434d w59 h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1227 y434d w50 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1228 y434d wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1229 y434d w75 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td></tr></table>1. <span class=\"_ _15\"> </span>Al<span class=\"_ _0\"></span>l ba<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng t<span class=\"_ _0\"></span>o As<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s for i<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e a<span class=\"_ _0\"></span>cq<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>isi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n ca<span class=\"_ _0\"></span>sh fl<span class=\"_ _0\"></span>ow<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 to r<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>n of<span class=\"_ _0\"></span>f wi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hi<span class=\"_ _0\"></span>n a yea<span class=\"_ _0\"></span>r.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInsuranceContractsExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-656": {
   "value": "21<span class=\"ls8d ws0\">. <span class=\"_ _20\"> </span>Insu<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nce c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>tracts<span class=\"_ _3b2\"> </span></span>(i<span class=\"_ _1\"></span>) <span class=\"_ _8\"> </span>In<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nce se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ice res<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>lt<span class=\"_ _3b2\"> </span><table class=\"s w2e7 h177\" id=\"_05c3ad30-331f-4a6b-8f62-892735694c63\"><tr><td></td><td></td><td class=\"t m2 x31f h13 y4460 ff5 fs9 fc1 sc0 ls1 ws0\">Annuit<span class=\"_ _0\"></span>ies<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x94c h13 y4460 ff5 fs9 fc1 sc0 ls189 ws1ab\">Protec<span class=\"_ _0\"></span>tion<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 h13 y4460 ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 h13 y4461 ff5 fs9 fc1 sc0 ls18 ws0\">Fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>24<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m2 x433 h13 y4461 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 h13 y4461 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 h13 y4461 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 hb y4462 ff6 fs6 fc1 sc0 ls56 ws55\">In<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce re<span class=\"_ _0\"></span>ven<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m2 x206 hc y4463 ff4 fs6 fc1 sc0 ls56 ws55\">Am<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nts rel<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ng to chang<span class=\"_ _0\"></span>es in lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es for rema<span class=\"_ _0\"></span>ini<span class=\"_ _0\"></span>ng cove<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>:<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y42f0 w114 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y42f0 w2e8 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">C<span class=\"_ _0\"></span>SM r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nis<span class=\"_ _0\"></span>ed fo<span class=\"_ _0\"></span>r se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>s prov<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>ed<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x743 y42f0 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">1,027<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb7e y42f0 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">270<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb7f y42f0 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">1,297<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y42f2 w114 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y42f2 w2e9 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>cted i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d cla<span class=\"_ _0\"></span>ims a<span class=\"_ _0\"></span>nd ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r ins<span class=\"_ _0\"></span>ura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb80 y42f2 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">5,838<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8ce y42f2 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">2,826<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb7f y42f2 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">8,664<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y42f3 w114 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y42f3 w2ea h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Cha<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>e in th<span class=\"_ _0\"></span>e ri<span class=\"_ _0\"></span>sk ad<span class=\"_ _0\"></span>jus<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent fo<span class=\"_ _0\"></span>r no<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>al ri<span class=\"_ _0\"></span>sk for t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>isk e<span class=\"_ _0\"></span>xpi<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb81 y42f3 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">438<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb82 y42f3 w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">22<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb83 y42f3 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">460<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41e4 w2eb h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Rec<span class=\"_ _0\"></span>ove<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y of in<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce a<span class=\"_ _0\"></span>cq<span class=\"_ _0\"></span>uisi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on c<span class=\"_ _0\"></span>ash f<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ows<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n xb84 y41e4 w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">25<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb85 y41e4 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">142<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb86 y41e4 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">167<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y433f w2ec h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Pre<span class=\"_ _0\"></span>miu<span class=\"_ _0\"></span>m ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e va<span class=\"_ _0\"></span>ria<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>lati<span class=\"_ _0\"></span>ng to pa<span class=\"_ _0\"></span>st an<span class=\"_ _0\"></span>d cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nt s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n xb87 y433f wa6 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb88 y433f waf h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(14)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb89 y433f w41 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(14)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41dd w2ed h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l ins<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ce reve<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ue<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n xb8a y41dd w36 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">7,328<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb8b y41dd w36 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">3,246<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb8c y41dd w2f h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">10,574<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c1 w2ee h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l ins<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ce se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ses<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n xb8d y40c1 w33 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">(5,877)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb8e y40c1 w33 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">(3,214)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb8f y40c1 w33 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">(9,091)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41c7 w2ef h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Allocation of reinsurance premiums<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n xb90 y41c7 w33 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(3,221)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb91 y41c7 w33 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(1,037)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb92 y41c7 w33 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(4,258)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y419e w2f0 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10e ws54\">Amounts recoverable from<span class=\"_ _1\"></span> reinsurers f<span class=\"_ _1\"></span>or incurred claims<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n xb93 y419e w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">2,813<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb94 y419e w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">1,286<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb95 y419e w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">4,099<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ac w2f1 h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls11c ws25\">Net (<span class=\"_ _1\"></span>expense<span class=\"_ _1\"></span>)<span class=\"_ _1\"></span>/income from<span class=\"_ _1\"></span> reinsurance contracts<span class=\"_ _1\"></span> held<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n xb96 y40ac w3a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">(408)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb97 y40ac w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">249<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb98 y40ac w3a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">(159)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w2f2 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> insurance <span class=\"_ _1\"></span>service result<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n xb99 y40ae w36 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">1,043<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb9a y40ae w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">281<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb9b y40ae w36 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">1,324<span class=\"_ _3b2\"> </span></div></td></tr></table><table class=\"s w2f3 h178\" id=\"_15b807cd-7503-4cef-bfbb-33f96b45ac83\"><tr><td></td><td></td><td class=\"t m2 xb9c hf y4464 ff3 fs9 fc1 sc0 ls168 ws183\">Annuities<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x615 hf y4464 ff3 fs9 fc1 sc0 ls38 ws3a\">Prot<span class=\"_ _1\"></span>ection<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y4464 ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 hf y4465 ff3 fs9 fc1 sc0 ls18 ws0\">Fo<span class=\"_ _0\"></span>r the y<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>r en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>23<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m2 x433 hf y4465 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 hf y4465 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y4465 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 h1a y4466 ff3 fs6 fc1 sc0 lsea ws27\">Insurance revenue<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m2 x206 hc y4467 ff4 fs6 fc1 sc0 ls56 ws55\">Am<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nts rel<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ng to chang<span class=\"_ _0\"></span>es in lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es for rema<span class=\"_ _0\"></span>ini<span class=\"_ _0\"></span>ng cove<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>:<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y42f1 w114 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y42f1 w2e8 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">C<span class=\"_ _0\"></span>SM r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nis<span class=\"_ _0\"></span>ed fo<span class=\"_ _0\"></span>r se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>s prov<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>ed<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb9d y42f1 w42 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">943<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb97 y42f1 w4b h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">225<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1ea y42f1 w30 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,168<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41d1 w114 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y41d1 w2e9 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>cted i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d cla<span class=\"_ _0\"></span>ims a<span class=\"_ _0\"></span>nd ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r ins<span class=\"_ _0\"></span>ura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x623 y41d1 w30 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5,278<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x624 y41d1 w37 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,597<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x25c y41d1 w37 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">7,875<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y433b w114 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y433b w2ea h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Cha<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>e in th<span class=\"_ _0\"></span>e ri<span class=\"_ _0\"></span>sk ad<span class=\"_ _0\"></span>jus<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent fo<span class=\"_ _0\"></span>r no<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>al ri<span class=\"_ _0\"></span>sk for t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>isk e<span class=\"_ _0\"></span>xpi<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x319 y433b w4b h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">371<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb9e y433b w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">16<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1f9 y433b w4b h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">387<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4189 w2eb h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Rec<span class=\"_ _0\"></span>ove<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y of in<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce a<span class=\"_ _0\"></span>cq<span class=\"_ _0\"></span>uisi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on c<span class=\"_ _0\"></span>ash f<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ows<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n xb84 y4189 w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">19<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb9f y4189 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">132<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xba0 y4189 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">151<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y417f w2ec h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Pre<span class=\"_ _0\"></span>miu<span class=\"_ _0\"></span>m ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ce va<span class=\"_ _0\"></span>ria<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>lati<span class=\"_ _0\"></span>ng to pa<span class=\"_ _0\"></span>st an<span class=\"_ _0\"></span>d cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nt s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n xba1 y417f w50 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5d0 y417f w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">42<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa0d y417f w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">43<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41dd w2f4 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">T<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>tal insurance revenue<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n xba2 y41dd w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">6,612<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x92a y41dd w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,012<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7e8 y41dd w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">9,624<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c1 w2f5 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">T<span class=\"_ _1\"></span>otal ins<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e exp<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x5a7 y40c1 w34 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(5,244)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xba3 y40c1 w34 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(3,129)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xba4 y40c1 w34 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(8,373)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y419a w2ef h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">Allocation of reinsurance premiums<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n xba5 y419a w34 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(2,847)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xba6 y419a w34 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(1,044)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xba7 y419a w34 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(3,891)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w2f0 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws54\">Amounts recoverable from<span class=\"_ _1\"></span> reinsurers f<span class=\"_ _1\"></span>or incurred claims<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n xba8 y4121 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,415<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa85 y4121 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,339<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xba9 y4121 w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,754<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4184 w2f6 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10e ws54\">Net (<span class=\"_ _1\"></span>expense)<span class=\"_ _1\"></span>/income from reinsurance contracts held<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n xbaa y4184 w3b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(432)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xbab y4184 w4b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">295<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xbac y4184 w3b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(137)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w2f7 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">T<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>tal insurance ser<span class=\"_ _0\"></span>vice result<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x61a y40ae w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">936<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x61b y40ae w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">178<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x812 y40ae w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,114<span class=\"_ _3b2\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInsurancePremiumRevenueExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-657": {
   "value": "<div class=\"t m0 h15 ff1 fs5 fc2 sc0 ls18 ws0 gs832\">(b) <span class=\"_ _7\"> </span>R<span class=\"_ _0\"></span>ei<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e cont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div><div class=\"gs6f3\"><table class=\"s w36e h195\" id=\"_1243793d-9ba2-493b-b4ae-0e46f7b5da7c\"><tr><td></td><td class=\"t m0 x274 h13 y4585 ff5 fs9 fc1 sc0 ls1 ws0\">Annuit<span class=\"_ _0\"></span>ies<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x94b h13 y4585 ff5 fs9 fc1 sc0 ls189 ws1ab\">Protec<span class=\"_ _0\"></span>tion<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x26f h13 y4585 ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td><td class=\"t m0 xb15 hf y4585 ff3 fs9 fc1 sc0 ls168 ws183\">Annuities<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x49a hf y4585 ff3 fs9 fc1 sc0 ls38 ws3a\">Prot<span class=\"_ _1\"></span>ection<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c7 hf y4585 ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m0 x7c4 h13 y4586 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x430 h13 y4586 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x26f h13 y4586 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x26c hf y4586 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x7c5 hf y4586 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c7 hf y4586 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m0 x464 h13 y4587 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 xac3 h13 y4587 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x465 h13 y4587 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x466 hf y4587 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x467 hf y4587 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 hf y4587 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y42f3 w367 h116\"><div class=\"t m0 x1ca h1a y40b1 ff5 fs6 fc1 sc0 ls1 ws23\">Opening balance<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1207 y42f3 w1e1 h116\"><div class=\"t m0 x1ca h1a y40b1 ff5 fs6 fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1208 y42f3 wa5 h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1209 y42f3 w59 h116\"><div class=\"t m0 x1ca h1a y40b1 ff5 fs6 fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x120a y42f3 w75 h116\"><div class=\"t m0 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls1 ws0\">5<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x120b y42f3 wbf h116\"><div class=\"t m0 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x120c y42f3 w75 h116\"><div class=\"t m0 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls1 ws0\">5<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41e4 w368 h116\"><div class=\"t m0 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls56 ws0\">Am<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nts i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>red d<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g the ye<span class=\"_ _0\"></span>ar<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x120d y41e4 w59 h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x120e y41e4 wa5 h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x120f y41e4 w59 h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1210 y41e4 w75 h116\"><div class=\"t m0 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd1d y41e4 wbf h116\"><div class=\"t m0 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1211 y41e4 w75 h116\"><div class=\"t m0 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y433f w36f h116\"><div class=\"t m0 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls56 ws0\">Am<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nts d<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nis<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>nd in<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>ed in t<span class=\"_ _0\"></span>he m<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt of re<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>cts<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1212 y433f w67 h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls56 ws55\">(6)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x69c y433f wa5 h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x793 y433f w67 h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls56 ws55\">(6)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc14 y433f wc0 h116\"><div class=\"t m0 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls56 ws55\">(9)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1213 y433f wbd h116\"><div class=\"t m0 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1214 y433f wc0 h116\"><div class=\"t m0 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls56 ws55\">(9)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41e7 w36a h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">Impairment losses and rev<span class=\"_ _1\"></span>ersals<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11ed y41e7 wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1134 y41e7 wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11ee y41e7 wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc4d y41e7 wbf h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc4e y41e7 wbf h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x943 y41e7 wbf h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y42f5 w30b h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t of move<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s in exc<span class=\"_ _0\"></span>han<span class=\"_ _0\"></span>ge r<span class=\"_ _0\"></span>ates<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11f2 y42f5 wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11f3 y42f5 wa6 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x54d y42f5 wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x54e y42f5 wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe63 y42f5 wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1215 y42f5 wbf h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41c7 w162 h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws23\">Closing balance<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1216 y41c7 w1e1 h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1217 y41c7 wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1218 y41c7 wa8 h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1219 y41c7 w50 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x52e y41c7 wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x121a y41c7 w50 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y419e w370 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10e ws54\">Presented<span class=\"_ _1\"></span> in reinsurance contract<span class=\"_ _1\"></span> assets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x121b y419e w1e1 h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x121c y419e wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x121d y419e w59 h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x121e y419e w50 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcb3 y419e wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x121f y419e w50 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41a9 w371 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Presented in r<span class=\"_ _1\"></span>einsurance contract liabilities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcec y41a9 wa4 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1220 y41a9 wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1221 y41a9 wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1222 y41a9 wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1223 y41a9 wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1224 y41a9 wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y40ae w36d h132\"><div class=\"t m0 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls1 ws0\">T<span class=\"_ _1\"></span>otal</div><div class=\"t m0 x1201 h91 y418a ff5 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4ef y434d w1e1 h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1225 y434d wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1226 y434d w59 h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1227 y434d w50 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1228 y434d wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1229 y434d w75 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"t m0 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs833\">1. <span class=\"_ _15\"> </span>Al<span class=\"_ _0\"></span>l ba<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng t<span class=\"_ _0\"></span>o As<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s for i<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e a<span class=\"_ _0\"></span>cq<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>isi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n ca<span class=\"_ _0\"></span>sh fl<span class=\"_ _0\"></span>ow<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 to r<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>n of<span class=\"_ _0\"></span>f wi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hi<span class=\"_ _0\"></span>n a yea<span class=\"_ _0\"></span>r.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfReinsuranceExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-602": {
   "value": "<div class=\"t m0 he ff1 fs8 fc2 sc0 ls19a wsb8 gs835\">22<span class=\"ls8c ws112\">. <span class=\"_ _2e\"> </span>I<span class=\"_ _0\"></span>nv<span class=\"_ _1\"></span>estme<span class=\"_ _1\"></span>nt c<span class=\"_ _1\"></span>on<span class=\"_ _1\"></span>tract liabil<span class=\"_ _0\"></span>iti<span class=\"_ _1\"></span>es<span class=\"_ _3b2\"> </span></span></div><div class=\"t m0 h21 ff1 fs10 fc2 sc0 ls77 ws0 gs836\">(i<span class=\"_ _1\"></span>) <span class=\"_ _8\"> </span>A<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>lysis of invest<span class=\"_ _0\"></span>ment contra<span class=\"_ _0\"></span>ct l<span class=\"_ _0\"></span>iabi<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ities<span class=\"_ _3b2\"> </span></div><div class=\"gs837\"><table class=\"s w372 h161\" id=\"_4ee93991-c3bb-4e3c-814e-41dbaa0137e0\"><tr><td></td><td class=\"t m0 x658 h13 y4588 ff5 fs9 fc1 sc0 ls3d ws131\">Gross<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x32c hf y4588 ff3 fs9 fc1 sc0 ls45 ws100\">Gross<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m0 x1c6 h13 y4589 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c7 hf y4589 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m0 x1c8 h13 y458a ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 hf y458a ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y4193 w373 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">Inve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t lia<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x122a y4193 w89 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">323,957<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x122b y4193 w82 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">316,872<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4158 w374 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted to b<span class=\"_ _0\"></span>e se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tle<span class=\"_ _0\"></span>d wi<span class=\"_ _0\"></span>thi<span class=\"_ _0\"></span>n 1<span class=\"_ _1\"></span>2 mo<span class=\"_ _0\"></span>nth<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x57c y4158 w2f h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">30,517<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3bf y4158 wd3 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">33,242<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w375 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted to b<span class=\"_ _0\"></span>e se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tle<span class=\"_ _0\"></span>d af<span class=\"_ _0\"></span>ter 12 mon<span class=\"_ _0\"></span>ths<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x122c y40ae w89 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">293,440<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x122d y40ae w82 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">283,630<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"t m0 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs838\">Am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ts und<span class=\"_ _0\"></span>er u<span class=\"_ _0\"></span>nit li<span class=\"_ _0\"></span>nked c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>ts are ge<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>rall<span class=\"_ _0\"></span>y repaya<span class=\"_ _0\"></span>ble o<span class=\"_ _0\"></span>n de<span class=\"_ _0\"></span>man<span class=\"_ _0\"></span>d and th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up is res<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>nsib<span class=\"_ _0\"></span>le for e<span class=\"_ _0\"></span>nsur<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>here i<span class=\"_ _0\"></span>s suf<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ici<span class=\"_ _0\"></span>ent li<span class=\"_ _0\"></span>quid<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs839\">withi<span class=\"_ _0\"></span>n the asse<span class=\"_ _0\"></span>t por<span class=\"_ _3\"></span>tfoli<span class=\"_ _0\"></span>o to enable lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ties to unit lin<span class=\"_ _0\"></span>ked pol<span class=\"_ _0\"></span>icy<span class=\"_ _0\"></span>hol<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>rs to be met as they fall du<span class=\"_ _0\"></span>e. Howeve<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>, the terms of fun<span class=\"_ _0\"></span>ds invest<span class=\"_ _0\"></span>ing in les<span class=\"_ _0\"></span>s </div><div class=\"t m0 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs83a\">liqui<span class=\"_ _0\"></span>d asse<span class=\"_ _0\"></span>ts pe<span class=\"_ _0\"></span>rmi<span class=\"_ _0\"></span>t the d<span class=\"_ _0\"></span>efer<span class=\"_ _0\"></span>ral of red<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>ns for pre<span class=\"_ _0\"></span>def<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>ed p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iod<span class=\"_ _0\"></span>s in cir<span class=\"_ _0\"></span>cum<span class=\"_ _0\"></span>stan<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>s whe<span class=\"_ _0\"></span>re the<span class=\"_ _0\"></span>re are not s<span class=\"_ _0\"></span>uf<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ici<span class=\"_ _0\"></span>ent li<span class=\"_ _0\"></span>quid as<span class=\"_ _0\"></span>sets w<span class=\"_ _0\"></span>ithi<span class=\"_ _0\"></span>n the<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs83b\">fun<span class=\"_ _0\"></span>d to meet the leve<span class=\"_ _0\"></span>l of reque<span class=\"_ _0\"></span>sted red<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>ns.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs83c\">Invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t liabili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s incl<span class=\"_ _0\"></span>ude \u00a31,0<span class=\"_ _0\"></span>93<span class=\"_ _0\"></span>m (202<span class=\"_ _0\"></span>3: \u00a38<span class=\"_ _3\"></span>4<span class=\"_ _0\"></span>8m) of Assure<span class=\"_ _0\"></span>d Paym<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t Polic<span class=\"_ _0\"></span>ies (A<span class=\"_ _0\"></span>PP) and F<span class=\"_ _0\"></span>ixed T<span class=\"_ _1\"></span>erm A<span class=\"_ _0\"></span>nnui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y (F<span class=\"_ _0\"></span>T<span class=\"_ _1\"></span>A) prod<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>ts, whi<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs83d\">are clas<span class=\"_ _0\"></span>sif<span class=\"_ _0\"></span>ied as Leve<span class=\"_ _0\"></span>l 2 in the fair value hie<span class=\"_ _0\"></span>rar<span class=\"_ _0\"></span>chy. The valuati<span class=\"_ _0\"></span>on of AP<span class=\"_ _0\"></span>P and F<span class=\"_ _0\"></span>T<span class=\"_ _1\"></span>A prod<span class=\"_ _0\"></span>uct<span class=\"_ _0\"></span>s are deter<span class=\"_ _0\"></span>mine<span class=\"_ _0\"></span>d thro<span class=\"_ _0\"></span>ugh a disc<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nted cas<span class=\"_ _0\"></span>h flows mo<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>l, </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs83e\">whe<span class=\"_ _0\"></span>re the disc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t rate is derive<span class=\"_ _0\"></span>d from a ris<span class=\"_ _0\"></span>k-fre<span class=\"_ _0\"></span>e rate, a cre<span class=\"_ _0\"></span>dit b<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>hm<span class=\"_ _0\"></span>ark sp<span class=\"_ _0\"></span>read and a zero<span class=\"_ _3\"></span>-vol<span class=\"_ _0\"></span>atilit<span class=\"_ _0\"></span>y sp<span class=\"_ _0\"></span>read (<span class=\"_ _0\"></span>Z-spre<span class=\"_ _0\"></span>ad). T<span class=\"_ _0\"></span>he cre<span class=\"_ _0\"></span>dit b<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>hma<span class=\"_ _0\"></span>rk<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs83f\">rate used is the A<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>rated cre<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t sprea<span class=\"_ _0\"></span>d cur<span class=\"_ _0\"></span>ve whi<span class=\"_ _0\"></span>ch ref<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>cts the st<span class=\"_ _0\"></span>rategi<span class=\"_ _0\"></span>c por<span class=\"_ _3\"></span>tfoli<span class=\"_ _0\"></span>o mix<span class=\"_ _0\"></span>. The Z-sp<span class=\"_ _0\"></span>read ens<span class=\"_ _0\"></span>ures tha<span class=\"_ _0\"></span>t the fair value at in<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ption is eq<span class=\"_ _0\"></span>ual </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs840\">to the transa<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on pr<span class=\"_ _0\"></span>ice<span class=\"_ _0\"></span>, ther<span class=\"_ _0\"></span>efore it is base<span class=\"_ _0\"></span>d on the pre<span class=\"_ _0\"></span>mium o<span class=\"_ _0\"></span>n orig<span class=\"_ _0\"></span>inatio<span class=\"_ _0\"></span>n and rem<span class=\"_ _0\"></span>ains c<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>tant over th<span class=\"_ _0\"></span>e life of the policy.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs841\">Th<span class=\"_ _0\"></span>e pres<span class=\"_ _0\"></span>ented fai<span class=\"_ _0\"></span>r valu<span class=\"_ _0\"></span>es of the re<span class=\"_ _0\"></span>mai<span class=\"_ _0\"></span>ning i<span class=\"_ _0\"></span>nvestm<span class=\"_ _0\"></span>ent c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>t liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es ref<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>ct qu<span class=\"_ _0\"></span>oted pr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>es in ac<span class=\"_ _0\"></span>tive m<span class=\"_ _0\"></span>arkets a<span class=\"_ _0\"></span>nd th<span class=\"_ _0\"></span>ey have be<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n clas<span class=\"_ _0\"></span>sif<span class=\"_ _0\"></span>ied<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs842\">as<span class=\"_ gsec\"> </span>Level 1 in the fair val<span class=\"_ _0\"></span>ue hie<span class=\"_ _0\"></span>rarc<span class=\"_ _0\"></span>hy.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls58 ws8a gs843\">Dur<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e year the<span class=\"_ _0\"></span>re have been no tr<span class=\"_ _0\"></span>ansfer<span class=\"_ _0\"></span>s of investme<span class=\"_ _0\"></span>nt co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>ct liabi<span class=\"_ _0\"></span>liti<span class=\"_ _0\"></span>es bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en leve<span class=\"_ _0\"></span>ls of the fair value hier<span class=\"_ _0\"></span>arc<span class=\"_ _0\"></span>hy (2023<span class=\"_ _0\"></span>: no trans<span class=\"_ _0\"></span>fers bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls58 ws8a gs844\">level<span class=\"_ _0\"></span>s of the fair value hier<span class=\"_ _0\"></span>archy).<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h21 ff1 fs10 fc2 sc0 ls77 ws0 gs845\">(ii) <span class=\"_ _d\"> </span>Movemen<span class=\"_ _1\"></span>t in i<span class=\"_ _0\"></span>nvest<span class=\"_ _0\"></span>ment contrac<span class=\"_ _0\"></span>t l<span class=\"_ _0\"></span>iabi<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ities<span class=\"_ _3b2\"> </span></div><div class=\"gs846\"><table class=\"s w13f h13f\" id=\"_9884b182-f025-4084-b37a-4795c084e365\"><tr><td></td><td class=\"t m0 x658 h13 y458b ff5 fs9 fc1 sc0 ls3d ws131\">Gross<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x32c hf y458b ff3 fs9 fc1 sc0 ls45 ws100\">Gross<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m0 x1c6 h13 y458c ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c7 hf y458c ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m0 x1c8 h13 y458d ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 hf y458d ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y40c0 w1d8 h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws0\">As a<span class=\"_ _0\"></span>t 1 Ja<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x122e y40c0 w89 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">316,872<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x634 y40c0 w82 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">286,830<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c1 w376 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Rese<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>s in re<span class=\"_ _0\"></span>sp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t of ne<span class=\"_ _0\"></span>w bus<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>ess<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x122f y40c1 w2f h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">44,162<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9c1 y40c1 w3e h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">44,153<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c2 w377 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Am<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nts p<span class=\"_ _0\"></span>aid o<span class=\"_ _0\"></span>n su<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d matu<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s du<span class=\"_ _0\"></span>rin<span class=\"_ _0\"></span>g th<span class=\"_ _0\"></span>e yea<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1230 y40c2 wd7 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(58,957)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3c1 y40c2 wd5 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(40,959)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w378 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws54\">Investment<span class=\"_ _1\"></span> return<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x90a y4121 w2f h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">22,196<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x515 y4121 w3e h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">27,116<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4184 w379 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls113 ws5b\">Management<span class=\"_ _1\"></span> charges<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x221 y4184 w3a h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(316)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x457 y4184 w3b h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(268)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w37a h11b\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws0\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l as a<span class=\"_ _0\"></span>t 31 De<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>er<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1231 y40ae w89 h11b\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">323,957<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1232 y40ae w82 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">316,872</div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInvestmentContractsLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-603": {
   "value": "<div class=\"t m2 he ff1 fs8 fc2 sc0 lsa8 wsae gs848\">23<span class=\"ls90 ws1c9\">.<span class=\"_ _1\"></span> Bo<span class=\"_ _4\"></span>rro<span class=\"_ _1\"></span>wing<span class=\"_ _4\"></span>s<span class=\"_ _3b2\"> </span></span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs849\">Bo<span class=\"_ _0\"></span>rrowi<span class=\"_ _0\"></span>ngs co<span class=\"_ _0\"></span>mpr<span class=\"_ _0\"></span>ise co<span class=\"_ _0\"></span>re bo<span class=\"_ _0\"></span>rrowin<span class=\"_ _0\"></span>gs suc<span class=\"_ _0\"></span>h as subo<span class=\"_ _0\"></span>rdin<span class=\"_ _0\"></span>ated Ti<span class=\"_ _0\"></span>er 2 bon<span class=\"_ _0\"></span>d issu<span class=\"_ _0\"></span>es, lo<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>m unse<span class=\"_ _0\"></span>cure<span class=\"_ _0\"></span>d sen<span class=\"_ _0\"></span>ior de<span class=\"_ _0\"></span>bt and op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>nal bo<span class=\"_ _0\"></span>rrowin<span class=\"_ _0\"></span>gs </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs84a\">suc<span class=\"_ _0\"></span>h as com<span class=\"_ _0\"></span>mer<span class=\"_ _0\"></span>cial pap<span class=\"_ _0\"></span>er iss<span class=\"_ _0\"></span>uan<span class=\"_ _0\"></span>ce an<span class=\"_ _0\"></span>d bank bo<span class=\"_ _0\"></span>rrowi<span class=\"_ _0\"></span>ngs un<span class=\"_ _0\"></span>der b<span class=\"_ _0\"></span>oth com<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ted and unc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ted debt fac<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, incl<span class=\"_ _0\"></span>udin<span class=\"_ _0\"></span>g bank overd<span class=\"_ _0\"></span>raf<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>. </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs84b\">Bo<span class=\"_ _0\"></span>rrowi<span class=\"_ _0\"></span>ngs se<span class=\"_ _0\"></span>cure<span class=\"_ _0\"></span>d on sp<span class=\"_ _0\"></span>eci<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>c asset<span class=\"_ _0\"></span>s/cash fl<span class=\"_ _0\"></span>ows are inclu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d as non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>se bor<span class=\"_ _0\"></span>rowin<span class=\"_ _0\"></span>gs.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h21 ff1 fs10 fc2 sc0 ls77 ws0 gs84c\">(i<span class=\"_ _1\"></span>) <span class=\"_ _8\"> </span>A<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>lysis by t<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></div><div class=\"gs84d\"><table class=\"s w37b h196\" id=\"_4ef42065-92d6-4f17-96fc-9daa58fc12a4\"><tr><td></td><td class=\"t m2 x4e9 h13 y458e ff5 fs9 fc1 sc0 ls3b ws45\">Borrowings </td><td></td><td></td><td class=\"t m2 x1233 hf y458e ff3 fs9 fc1 sc0 ls187 ws19c\">Borrowings </td><td></td><td></td></tr><tr><td></td><td class=\"t m2 x1234 h13 y458f ff5 fs9 fc1 sc0 ls3b ws4d\">excluding<span class=\"_ _1\"></span> unit </td><td></td><td></td><td class=\"t m2 x95e hf y458f ff3 fs9 fc1 sc0 ls189 ws4b\">excluding unit </td><td></td><td></td></tr><tr><td></td><td class=\"t m2 xaa3 h13 y4590 ff5 fs9 fc1 sc0 ls135 ws1aa\">lin<span class=\"_ _0\"></span>ke<span class=\"_ _0\"></span>d </td><td class=\"t m2 x94b h13 y4590 ff5 fs9 fc1 sc0 ls18 ws0\">Un<span class=\"_ _0\"></span>it l<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>nke<span class=\"_ _0\"></span>d </td><td></td><td class=\"t m2 x4e7 hf y4590 ff3 fs9 fc1 sc0 ls1 ws0\">linked </td><td class=\"t m2 x49a hf y4590 ff3 fs9 fc1 sc0 ls18 ws0\">Un<span class=\"_ _0\"></span>it li<span class=\"_ _0\"></span>nke<span class=\"_ _0\"></span>d </td><td></td></tr><tr><td></td><td class=\"t m2 x4e9 h13 y4591 ff5 fs9 fc1 sc0 ls3d ws131\">borrowings<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x42d h13 y4591 ff5 fs9 fc1 sc0 ls3d ws131\">borrowings<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x26f h13 y4591 ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1233 hf y4591 ff3 fs9 fc1 sc0 ls187 ws19c\">borrowings<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x658 hf y4591 ff3 fs9 fc1 sc0 ls187 ws19c\">borrowings<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y4591 ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x7c4 h13 y4592 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x430 h13 y4592 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x26f h13 y4592 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x26c hf y4592 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x7c5 hf y4592 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y4592 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x464 h13 y4593 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xac3 h13 y4593 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x465 h13 y4593 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x466 hf y4593 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x467 hf y4593 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y4593 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y4121 w96 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">Core borrowings<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1235 y4121 w36 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">4,308<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x115a y4121 wa6 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1236 y4121 w36 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">4,308<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1237 y4121 w37 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">4,280<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1238 y4121 wbf h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc31 y4121 w37 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">4,280<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ac w97 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls130 ws12a\">Ope<span class=\"_ _0\"></span>ratio<span class=\"_ _0\"></span>nal bor<span class=\"_ _0\"></span>rowings<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11b4 y40ac w36 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,734<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x37f y40ac w36 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,657<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1239 y40ac w36 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">3,391<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x123a y40ac w37 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,457<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x123b y40ac w4b h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">383<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc31 y40ac w37 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,840<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w37c h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws23\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> borrowings<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x123c y40ae w36 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">6,042<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x123d y40ae w36 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,657<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x123e y40ae w36 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">7,699<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x123f y40ae w30 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5,737<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1240 y40ae w42 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">383<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1241 y40ae w30 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">6,120<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs84e\">\u00a3216m of interest exp<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>se was incu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d dur<span class=\"_ _0\"></span>ing the yea<span class=\"_ _0\"></span>r (202<span class=\"_ _0\"></span>3: \u00a3<span class=\"_ _0\"></span>21<span class=\"_ _1\"></span>2m) on borrowi<span class=\"_ _0\"></span>ngs exclu<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>g non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>our<span class=\"_ _0\"></span>se and uni<span class=\"_ _0\"></span>t linke<span class=\"_ _0\"></span>d bor<span class=\"_ _0\"></span>rowing<span class=\"_ _0\"></span>s. </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs84f\">Th<span class=\"_ _0\"></span>e<span class=\"_ gsec\"> </span>total fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e cos<span class=\"_ _0\"></span>ts incu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d in the year were \u00a3<span class=\"_ _0\"></span>37<span class=\"_ _0\"></span>2m (202<span class=\"_ _0\"></span>3: \u00a3<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>47m<span class=\"_ _1\"></span>), whic<span class=\"_ _0\"></span>h also inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>es \u00a37m of fina<span class=\"_ _0\"></span>nce c<span class=\"_ _0\"></span>osts o<span class=\"_ _0\"></span>n lease lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ties (20<span class=\"_ _0\"></span>23<span class=\"_ _0\"></span>: \u00a37m<span class=\"_ _1\"></span>). </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs850\">Fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e cos<span class=\"_ _0\"></span>ts of \u00a33m were c<span class=\"_ _0\"></span>api<span class=\"_ _0\"></span>talise<span class=\"_ _0\"></span>d in the yea<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h21 ff1 fs10 fc2 sc0 ls77 ws0 gs851\">(ii) <span class=\"_ _d\"> </span>A<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>lysis by nat<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span> </div><div class=\"t m2 h15 ff1 fs5 fc2 sc0 ls18 ws0 gs852\">(<span class=\"_ _1\"></span>a) <span class=\"_ _8\"> </span>C<span class=\"_ _0\"></span>ore b<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>row<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>gs<span class=\"_ _3b2\"> </span></div><div class=\"gs853\"><table class=\"s w37d h197\" id=\"_9708520d-30f8-492a-846e-016579b963e8\"><tr><td></td><td class=\"t m2 x5ef h13 y4594 ff5 fs9 fc1 sc0 ls3d ws131\">Carrying </td><td></td><td></td><td class=\"t m2 x7bf hf y4594 ff3 fs9 fc1 sc0 ls187 ws19c\">Carr<span class=\"_ _0\"></span>ying </td><td></td><td></td></tr><tr><td></td><td class=\"t m2 x27b h13 y4595 ff5 fs9 fc1 sc0 ls3d ws131\">amount<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x322 h13 y4595 ff5 fs9 fc1 sc0 ls37 ws3f\">Coupon rat<span class=\"_ _1\"></span>e<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x506 h13 y4595 ff6 fs9 fc1 sc0 ls18 ws32\">Fai<span class=\"_ _0\"></span>r val<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xb67 hf y4595 ff3 fs9 fc1 sc0 ls1 ws0\">amount<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x503 hf y4595 ff3 fs9 fc1 sc0 lsee ws183\">Co<span class=\"_ _0\"></span>up<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n rate<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xd18 hf y4595 ff3 fs9 fc1 sc0 ls89 ws3c\">Fair value<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x7c4 h13 y4596 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x430 h13 y4596 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x26f h13 y4596 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x26c hf y4596 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x7c5 hf y4596 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y4596 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x464 h13 y4597 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x681 h13 y4597 ff5 fs9 fc1 sc0 ls1 ws0\">%<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x465 h13 y4597 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x466 hf y4597 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x320 h10 y4597 ff4 fs9 fc1 sc0 ls1 ws0\">%<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y4597 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 hb y4598 ff5 fs6 fc1 sc0 ls1 ws23\">Subordinated borrowings<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4310 w37e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5.5<span class=\"_ _0\"></span>% S<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>lin<span class=\"_ _0\"></span>g subo<span class=\"_ _0\"></span>rd<span class=\"_ _0\"></span>inate<span class=\"_ _0\"></span>d notes 20<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>4 (<span class=\"_ _0\"></span>Ti<span class=\"_ _0\"></span>er 2)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11a5 y4310 w4a h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">590<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7fc y4310 w106 h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">5.50<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x962 y4310 w4a h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">565<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1242 y4310 w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">590<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe41 y4310 w62 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5.50<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1243 y4310 w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">600<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40b9 w37f h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5.<span class=\"_ _0\"></span>375<span class=\"_ _0\"></span>% Ste<span class=\"_ _0\"></span>rl<span class=\"_ _0\"></span>ing su<span class=\"_ _0\"></span>bo<span class=\"_ _0\"></span>rdi<span class=\"_ _0\"></span>nate<span class=\"_ _0\"></span>d notes 20<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>5 (T<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>er 2)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1244 y40b9 w4a h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">605<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1245 y40b9 w61 h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">5.38<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x110e y40b9 w4a h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">606<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xfe9 y40b9 w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">605<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1246 y40b9 w107 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5.38<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1247 y40b9 w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">603<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y416a w380 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5.<span class=\"_ _0\"></span>25% U<span class=\"_ _0\"></span>S Doll<span class=\"_ _0\"></span>ar sub<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>ated note<span class=\"_ _0\"></span>s 20<span class=\"_ _0\"></span>47 (T<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>er 2)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1248 y416a w4a h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">688<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1249 y416a w106 h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">5.25<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x124a y416a w4a h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">684<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x124b y416a w4b h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">676<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x124c y416a w62 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5.25<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x124d y416a w4b h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">656<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4599 w380 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5.5<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>% US Dol<span class=\"_ _0\"></span>lar su<span class=\"_ _0\"></span>bo<span class=\"_ _0\"></span>rdi<span class=\"_ _0\"></span>nate<span class=\"_ _0\"></span>d notes 2052 (<span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>r 2)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1248 y4599 w4a h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">403<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1249 y4599 w106 h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">5.55<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x124a y4599 w4a h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">408<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x124b y4599 w4b h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">396<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x124c y4599 w62 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5.55<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x124d y4599 w4b h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">382<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y43a2 w381 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5.<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>25<span class=\"_ _0\"></span>% Ste<span class=\"_ _0\"></span>rli<span class=\"_ _0\"></span>ng sub<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>ated note<span class=\"_ _0\"></span>s 20<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>8 (<span class=\"_ _0\"></span>Ti<span class=\"_ _0\"></span>er 2)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x124e y43a2 w4a h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">401<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x124f y43a2 w61 h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">5.13<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9ca y43a2 w4a h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">398<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1250 y43a2 w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">401<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1251 y43a2 w107 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5.13<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1252 y43a2 w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">395<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y459a w382 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3.75% S<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>lin<span class=\"_ _0\"></span>g sub<span class=\"_ _0\"></span>ord<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>ted notes 20<span class=\"_ _0\"></span>49 (<span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>r 2)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1253 y459a w4a h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">600<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1254 y459a w106 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">3.75<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x48e y459a w4a h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">555<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcba y459a w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">599<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1255 y459a w62 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3.75<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4dc y459a w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">545<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4315 w37e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">4.5<span class=\"_ _0\"></span>% S<span class=\"_ _0\"></span>terl<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g subo<span class=\"_ _0\"></span>rdi<span class=\"_ _0\"></span>nate<span class=\"_ _0\"></span>d notes 205<span class=\"_ _0\"></span>0 (<span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>r 2)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11a5 y4315 w4a h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">501<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7fc y4315 w106 h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">4.50<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x962 y4315 w4a h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">473<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1242 y4315 w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">501<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe41 y4315 w62 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">4.50<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1243 y4315 w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">467<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y416f w383 h126\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Cli<span class=\"_ _0\"></span>ent f<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>d ho<span class=\"_ _0\"></span>ldi<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>s of Gro<span class=\"_ _0\"></span>up d<span class=\"_ _0\"></span>ebt (<span class=\"_ _3\"></span>Tie<span class=\"_ _0\"></span>r 2)</div><div class=\"t m2 x1256 h5a y4138 ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1257 y417f w41 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(77)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1258 y417f wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1259 y417f waf h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(73)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x125a y417f w5a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(80)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x125b y417f wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x125c y417f w71 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(77)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41dd w384 h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws23\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> subordinated borrowings<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x125d y41dd w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">3,711<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x697 y41dd wa5 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x125e y41dd w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">3,616<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd4d y41dd w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,688<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x125f y41dd wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7b1 y41dd w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,571<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 hb y459b ff5 fs6 fc1 sc0 ls11c ws25\">Senior borro<span class=\"_ _1\"></span>wings<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y419a w385 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">S<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>lin<span class=\"_ _0\"></span>g me<span class=\"_ _0\"></span>diu<span class=\"_ _0\"></span>m ter<span class=\"_ _0\"></span>m note<span class=\"_ _0\"></span>s 20<span class=\"_ _0\"></span>31-2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>41<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1260 y419a w4a h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">609<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1261 y419a w61 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">5.87<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1262 y419a w4a h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">633<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1263 y419a w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">609<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1264 y419a w62 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5.87<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1265 y419a w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">666<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y4183 w386 h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Cli<span class=\"_ _0\"></span>ent f<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>d ho<span class=\"_ _0\"></span>ldi<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>s of Gro<span class=\"_ _0\"></span>up d<span class=\"_ _0\"></span>ebt</div><div class=\"t m2 xbb6 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1257 y4183 w41 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(12)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1258 y4183 wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1259 y4183 waf h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(12)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x125a y4183 w5a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(17)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x125b y4183 wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x125c y4183 w71 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(17)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4184 w387 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws23\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> senior borrowings<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1266 y4184 w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">597<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1267 y4184 wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1268 y4184 w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">621<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1269 y4184 w4b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">592<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1114 y4184 wbf h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x20f y4184 w4b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">649<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w388 h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws23\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> core borrowings<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x126a y40ae w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">4,308<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x121c y40ae wa5 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x126b y40ae w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">4,237<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x126c y40ae w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">4,280<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x126d y40ae wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x126e y40ae w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">4,220<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs854\">1. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>\u00a38<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>m (31 De<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3: \u00a3<span class=\"_ _0\"></span>97m) of t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>p\u2019s s<span class=\"_ _0\"></span>ub<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d a<span class=\"_ _0\"></span>nd s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or b<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>ow<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>gs a<span class=\"_ _0\"></span>re h<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ld b<span class=\"_ _0\"></span>y L&amp;<span class=\"_ _0\"></span>G c<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s t<span class=\"_ _0\"></span>hr<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>h un<span class=\"_ _0\"></span>it l<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>ke<span class=\"_ _0\"></span>d p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>du<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>se b<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>ow<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>gs a<span class=\"_ _0\"></span>re s<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>ow<span class=\"_ _0\"></span>n </div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs855\">as<span class=\"_ gs4cd\"> </span>a<span class=\"_ gs4cd\"> </span>d<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n fr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>m tot<span class=\"_ _0\"></span>al c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>re b<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>ow<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>gs i<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e ta<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>le a<span class=\"_ _0\"></span>bo<span class=\"_ _0\"></span>ve.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs856\">Th<span class=\"_ _0\"></span>e pres<span class=\"_ _0\"></span>ented fai<span class=\"_ _0\"></span>r valu<span class=\"_ _0\"></span>es of the G<span class=\"_ _0\"></span>roup<span class=\"_ _0\"></span>\u2019s core bo<span class=\"_ _0\"></span>rrow<span class=\"_ _0\"></span>ings p<span class=\"_ _0\"></span>rim<span class=\"_ _0\"></span>ari<span class=\"_ _0\"></span>ly ref<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>ct qu<span class=\"_ _0\"></span>oted pr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>es in ac<span class=\"_ _0\"></span>tive m<span class=\"_ _0\"></span>arkets a<span class=\"_ _0\"></span>nd th<span class=\"_ _0\"></span>ey have be<span class=\"_ _0\"></span>en c<span class=\"_ _0\"></span>lass<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ied as L<span class=\"_ _0\"></span>evel 1 </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs857\">in the fair valu<span class=\"_ _0\"></span>e hier<span class=\"_ _0\"></span>archy. The 5<span class=\"_ _0\"></span>.55<span class=\"_ _0\"></span>% US Do<span class=\"_ _0\"></span>llar su<span class=\"_ _0\"></span>bor<span class=\"_ _0\"></span>dinated n<span class=\"_ _0\"></span>otes 2052 and \u00a349m of the se<span class=\"_ _0\"></span>nio<span class=\"_ _0\"></span>r bor<span class=\"_ _0\"></span>rowin<span class=\"_ _0\"></span>gs are der<span class=\"_ _0\"></span>ived us<span class=\"_ _0\"></span>ing pr<span class=\"_ _0\"></span>ice<span class=\"_ _0\"></span>s from an<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs858\">ex<span class=\"_ _0\"></span>tern<span class=\"_ _0\"></span>al, pu<span class=\"_ _0\"></span>bli<span class=\"_ _0\"></span>cly availa<span class=\"_ _0\"></span>ble pr<span class=\"_ _0\"></span>ici<span class=\"_ _0\"></span>ng mo<span class=\"_ _0\"></span>del by a stan<span class=\"_ _0\"></span>dard ma<span class=\"_ _0\"></span>rket pri<span class=\"_ _0\"></span>cin<span class=\"_ _0\"></span>g sour<span class=\"_ _0\"></span>ce and have be<span class=\"_ _0\"></span>en cl<span class=\"_ _0\"></span>assif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d as Level 2 in the fair valu<span class=\"_ _0\"></span>e hier<span class=\"_ _0\"></span>arc<span class=\"_ _0\"></span>hy<span class=\"_ _1\"></span>. The<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs859\">inpu<span class=\"_ _0\"></span>ts for this mo<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>l incl<span class=\"_ _0\"></span>ude a ran<span class=\"_ _0\"></span>ge of factors wh<span class=\"_ _0\"></span>ich are de<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>med to be obs<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span>, inc<span class=\"_ _0\"></span>ludi<span class=\"_ _0\"></span>ng cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>t market pr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>es for com<span class=\"_ _0\"></span>par<span class=\"_ _0\"></span>ative ins<span class=\"_ _0\"></span>tru<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts<span class=\"_ _0\"></span>, </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs85a\">per<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d to maturit<span class=\"_ _0\"></span>y an<span class=\"_ _0\"></span>d yiel<span class=\"_ _0\"></span>d cur<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>s.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h58 ff9 fs5 fc2 sc0 lsf ws38 gs85c\">Subordinated<span class=\"_ _1\"></span> borrowings<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h58 ff9 fs5 fc1 sc0 ls1 ws0 gs85d\">5<span class=\"ff11\">.</span>5<span class=\"_ _0\"></span><span class=\"ls18\">% S<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>rl<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g su<span class=\"_ _0\"></span>bo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>ted n<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span><span class=\"ls19b ws1ca\">206<span class=\"_ _0\"></span>4<span class=\"_ _3b2\"> </span></span></span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs85e\">On 27 Jun<span class=\"_ _0\"></span>e 2014, Legal &amp; Ge<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>ral Gro<span class=\"_ _0\"></span>up Plc iss<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span>d \u00a360<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>m of 5.5% da<span class=\"_ _0\"></span>ted subo<span class=\"_ _0\"></span>rdin<span class=\"_ _0\"></span>ated notes. T<span class=\"_ _0\"></span>he notes are cal<span class=\"_ _0\"></span>labl<span class=\"_ _0\"></span>e at par on 27 Jun<span class=\"_ _0\"></span>e 20<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>4 an<span class=\"_ _0\"></span>d </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs85f\">ever<span class=\"_ _0\"></span>y f<span class=\"_ _0\"></span>ive yea<span class=\"_ _0\"></span>rs the<span class=\"_ _0\"></span>reaf<span class=\"_ _0\"></span>ter. <span class=\"_ _1\"></span>If not call<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>, the co<span class=\"_ _0\"></span>up<span class=\"_ _0\"></span>on fro<span class=\"_ _0\"></span>m 27 June 20<span class=\"_ _0\"></span>4<span class=\"_ _3\"></span>4 will be rese<span class=\"_ _0\"></span>t to <span class=\"_ _1\"></span>the pre<span class=\"_ _0\"></span>vailin<span class=\"_ _0\"></span>g fi<span class=\"_ _0\"></span>ve year ben<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>mar<span class=\"_ _0\"></span>k gilt yi<span class=\"_ _0\"></span>eld pl<span class=\"_ _0\"></span>us 3.<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>7% p.a. </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs860\">Th<span class=\"_ _0\"></span>ese notes matu<span class=\"_ _0\"></span>re on 27 Jun<span class=\"_ _0\"></span>e 206<span class=\"_ _3\"></span>4.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h58 ff9 fs5 fc1 sc0 ls1 ws0 gs861\">5<span class=\"ff11\">.<span class=\"_ _0\"></span></span><span class=\"ls10f ws43\">375</span><span class=\"ls18\">% S<span class=\"_ _3\"></span>ter<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>ng s<span class=\"_ _0\"></span>ub<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d no<span class=\"_ _0\"></span>tes <span class=\"_ _0\"></span><span class=\"ls19b ws1ca\">20<span class=\"_ _0\"></span>45<span class=\"_ _3b2\"> </span></span></span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs862\">On 27 Oc<span class=\"_ _0\"></span>tobe<span class=\"_ _0\"></span>r 201<span class=\"_ _1\"></span>5, Le<span class=\"_ _0\"></span>gal &amp; Gen<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Grou<span class=\"_ _0\"></span>p Plc issu<span class=\"_ _0\"></span>ed \u00a36<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>m of 5.375<span class=\"_ _0\"></span>% dated sub<span class=\"_ _0\"></span>ordi<span class=\"_ _0\"></span>nated notes. T<span class=\"_ _0\"></span>he notes are ca<span class=\"_ _0\"></span>llabl<span class=\"_ _0\"></span>e at par on 27 Oc<span class=\"_ _0\"></span>tobe<span class=\"_ _0\"></span>r </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs863\">20<span class=\"_ _0\"></span>25 and ever<span class=\"_ _3\"></span>y five year<span class=\"_ _0\"></span>s there<span class=\"_ _0\"></span>af<span class=\"_ _0\"></span>ter<span class=\"_ _1\"></span>. If not call<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>, the cou<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>n from 27 Oc<span class=\"_ _0\"></span>tobe<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>25 will be reset to the preva<span class=\"_ _0\"></span>iling f<span class=\"_ _0\"></span>ive yea<span class=\"_ _0\"></span>r ben<span class=\"_ _0\"></span>chm<span class=\"_ _0\"></span>ark gil<span class=\"_ _0\"></span>t yie<span class=\"_ _0\"></span>ld </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs864\">plus 4<span class=\"_ _0\"></span>.58<span class=\"_ _0\"></span>% p.a<span class=\"_ _0\"></span>. The<span class=\"_ _0\"></span>se notes matu<span class=\"_ _0\"></span>re on 27 Octob<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h58 ff9 fs5 fc1 sc0 ls1 ws0 gs865\">5<span class=\"ff11\">.<span class=\"_ _0\"></span></span><span class=\"ls19b ws1ca\">25</span><span class=\"ls18\">% US D<span class=\"_ _0\"></span>oll<span class=\"_ _0\"></span>ar s<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>bo<span class=\"_ _0\"></span>rd<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d n<span class=\"_ _0\"></span>ote<span class=\"_ _0\"></span>s <span class=\"ls19c ws7e\">2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>47<span class=\"_ _3b2\"> </span></span></span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs866\">On 21 Marc<span class=\"_ _0\"></span>h 2017<span class=\"_ _4\"></span>, Legal &amp; Gen<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Grou<span class=\"_ _0\"></span>p Plc issu<span class=\"_ _0\"></span>ed $<span class=\"_ _0\"></span>85<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>m of 5.25<span class=\"_ _0\"></span>% dated sub<span class=\"_ _0\"></span>ordi<span class=\"_ _0\"></span>nated notes<span class=\"_ _0\"></span>. The notes are ca<span class=\"_ _0\"></span>llab<span class=\"_ _0\"></span>le at par on 21 Marc<span class=\"_ _0\"></span>h 202<span class=\"_ _0\"></span>7 </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls1c wsb5 gs867\">and ever<span class=\"_ _3\"></span>y five year<span class=\"_ _0\"></span>s there<span class=\"_ _0\"></span>af<span class=\"_ _0\"></span>ter<span class=\"_ _1\"></span>. If not calle<span class=\"_ _0\"></span>d, the c<span class=\"_ _0\"></span>oup<span class=\"_ _0\"></span>on fro<span class=\"_ _0\"></span>m 21 March 20<span class=\"_ _0\"></span>27 will be rese<span class=\"_ _0\"></span>t to <span class=\"_ _1\"></span>the preva<span class=\"_ _0\"></span>iling U<span class=\"_ _0\"></span>S Doll<span class=\"_ _0\"></span>ar mid<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>swap rate plus 3.6<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>7% p.a<span class=\"_ _0\"></span>. </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs868\">Th<span class=\"_ _0\"></span>ese notes matu<span class=\"_ _0\"></span>re on 21 March 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>47<span class=\"_ _4\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h58 ff9 fs5 fc1 sc0 ls1 ws0 gs869\">5<span class=\"ff11\">.</span><span class=\"ls19d ws1cb\">55</span><span class=\"ls18\">% US D<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>r su<span class=\"_ _0\"></span>bo<span class=\"_ _0\"></span>rd<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>nat<span class=\"_ _0\"></span>ed n<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span><span class=\"ls19b ws1ca\">2052<span class=\"_ _3b2\"> </span></span></span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs86a\">On 24 Apr<span class=\"_ _0\"></span>il 2017<span class=\"_ _4\"></span>, Legal &amp; Ge<span class=\"_ _0\"></span>ner<span class=\"_ _0\"></span>al Grou<span class=\"_ _0\"></span>p Plc issu<span class=\"_ _0\"></span>ed $5<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>m of 5.55<span class=\"_ _0\"></span>% dated su<span class=\"_ _0\"></span>bor<span class=\"_ _0\"></span>dinate<span class=\"_ _0\"></span>d notes. Th<span class=\"_ _0\"></span>e notes are calla<span class=\"_ _0\"></span>ble at par on 24 Ap<span class=\"_ _0\"></span>ril 20<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>2 and </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs86b\">ever<span class=\"_ _0\"></span>y f<span class=\"_ _0\"></span>ive yea<span class=\"_ _0\"></span>rs the<span class=\"_ _0\"></span>reaf<span class=\"_ _0\"></span>ter. <span class=\"_ _1\"></span>If not call<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>, the co<span class=\"_ _0\"></span>up<span class=\"_ _0\"></span>on fro<span class=\"_ _0\"></span>m 24 April 20<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>2 will be rese<span class=\"_ _0\"></span>t to the prevailin<span class=\"_ _0\"></span>g US Do<span class=\"_ _0\"></span>llar mid<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>swa<span class=\"_ _0\"></span>p rate plus 4.<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>9% p.a. Th<span class=\"_ _0\"></span>ese<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs86c\">notes mature o<span class=\"_ _0\"></span>n 24 April 20<span class=\"_ _0\"></span>52<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h58 ff9 fs5 fc1 sc0 ls1 ws0 gs5a5\">5<span class=\"ff11\">.<span class=\"_ _1\"></span><span class=\"ff9 lsb8 ws9f\">12<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span><span class=\"ls18 ws0\">% S<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>lin<span class=\"_ _0\"></span>g s<span class=\"_ _0\"></span>ub<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d no<span class=\"_ _0\"></span>tes <span class=\"_ _0\"></span><span class=\"ls19b ws1ca\">20<span class=\"_ _0\"></span>48<span class=\"_ _3b2\"> </span></span></span></span></span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs86d\">On 14 <span class=\"_ _1\"></span>Novem<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2018, Legal &amp; Ge<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>ral Gro<span class=\"_ _0\"></span>up Plc iss<span class=\"_ _0\"></span>ued \u00a34<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>m of 5.<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>25% dated subo<span class=\"_ _0\"></span>rdina<span class=\"_ _0\"></span>ted notes. Th<span class=\"_ _0\"></span>e notes are call<span class=\"_ _0\"></span>able at par o<span class=\"_ _0\"></span>n </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs86e\">1<span class=\"_ _1\"></span>4 Novem<span class=\"_ _0\"></span>ber 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>8 and ever<span class=\"_ _3\"></span>y five year<span class=\"_ _0\"></span>s the<span class=\"_ _0\"></span>reaf<span class=\"_ _0\"></span>ter. <span class=\"_ _1\"></span>If not call<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>, the co<span class=\"_ _0\"></span>upo<span class=\"_ _0\"></span>n from 14 <span class=\"_ _1\"></span>Nove<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>28 will be res<span class=\"_ _0\"></span>et to the prevaili<span class=\"_ _0\"></span>ng fi<span class=\"_ _0\"></span>ve year </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs86f\">ben<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>mar<span class=\"_ _0\"></span>k gilt yi<span class=\"_ _0\"></span>eld pl<span class=\"_ _0\"></span>us 4.65<span class=\"_ _0\"></span>% p.a<span class=\"_ _0\"></span>. The<span class=\"_ _0\"></span>se notes matur<span class=\"_ _0\"></span>e on 1<span class=\"_ _1\"></span>4 Novemb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>4<span class=\"_ _3\"></span>8.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h58 ff9 fs5 fc1 sc0 ls1 ws0 gs870\">3<span class=\"ff11\">.</span><span class=\"ls10f ws43\">75</span><span class=\"ls18\">% S<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>rl<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g su<span class=\"_ _0\"></span>bo<span class=\"_ _0\"></span>rd<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>nat<span class=\"_ _0\"></span>ed n<span class=\"_ _0\"></span>ote<span class=\"_ _0\"></span>s <span class=\"_ _0\"></span><span class=\"ls165 ws180\">20<span class=\"_ _0\"></span>49<span class=\"_ _3b2\"> </span></span></span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs871\">On 26 Novem<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 201<span class=\"_ _1\"></span>9, Legal &amp; Ge<span class=\"_ _0\"></span>ner<span class=\"_ _0\"></span>al Grou<span class=\"_ _0\"></span>p Plc issu<span class=\"_ _0\"></span>ed \u00a36<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>m of 3.7<span class=\"_ _1\"></span>5% date<span class=\"_ _0\"></span>d subo<span class=\"_ _0\"></span>rdin<span class=\"_ _0\"></span>ated notes. T<span class=\"_ _0\"></span>he notes are call<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e at par on </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs872\">26 Novem<span class=\"_ _0\"></span>ber 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>9 and ever<span class=\"_ _3\"></span>y five yea<span class=\"_ _0\"></span>rs the<span class=\"_ _0\"></span>reaf<span class=\"_ _0\"></span>ter. <span class=\"_ _1\"></span>If not call<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>, the co<span class=\"_ _0\"></span>up<span class=\"_ _0\"></span>on from 26 Nove<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>29 wil<span class=\"_ _0\"></span>l be reset to the prevai<span class=\"_ _0\"></span>ling f<span class=\"_ _0\"></span>ive year<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs873\">ben<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>mar<span class=\"_ _0\"></span>k gilt yi<span class=\"_ _0\"></span>eld pl<span class=\"_ _0\"></span>us 4.05<span class=\"_ _0\"></span>% p.a<span class=\"_ _0\"></span>. The<span class=\"_ _0\"></span>se notes mature o<span class=\"_ _0\"></span>n 26 Novemb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>49.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h58 ff9 fs5 fc1 sc0 ls1 ws0 gs874\">4<span class=\"ff11\">.</span>5<span class=\"_ _0\"></span><span class=\"ls18\">% S<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>rl<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g su<span class=\"_ _0\"></span>bo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d not<span class=\"_ _0\"></span>es <span class=\"_ _0\"></span><span class=\"ls19b ws1ca\">2050</span></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs875\">On 1 May 20<span class=\"_ _0\"></span>20, Le<span class=\"_ _0\"></span>gal &amp; Ge<span class=\"_ _0\"></span>ner<span class=\"_ _0\"></span>al Grou<span class=\"_ _0\"></span>p Plc issu<span class=\"_ _0\"></span>ed \u00a35<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>m of 4.5% dated su<span class=\"_ _0\"></span>bor<span class=\"_ _0\"></span>dinated n<span class=\"_ _0\"></span>otes. Th<span class=\"_ _0\"></span>e notes are calla<span class=\"_ _0\"></span>ble at par on 1 Nove<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>0 </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs876\">and ever<span class=\"_ _3\"></span>y five yea<span class=\"_ _0\"></span>rs the<span class=\"_ _0\"></span>reaf<span class=\"_ _0\"></span>ter. <span class=\"_ _1\"></span>If not call<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>, the co<span class=\"_ _0\"></span>up<span class=\"_ _0\"></span>on fro<span class=\"_ _0\"></span>m 1 Novemb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>0 will be reset to the preva<span class=\"_ _0\"></span>iling f<span class=\"_ _0\"></span>ive yea<span class=\"_ _0\"></span>r ben<span class=\"_ _0\"></span>chm<span class=\"_ _0\"></span>ark gi<span class=\"_ _0\"></span>lt yie<span class=\"_ _0\"></span>ld plu<span class=\"_ _0\"></span>s </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs877\">5.<span class=\"_ _0\"></span>25% p.a<span class=\"_ _0\"></span>. The<span class=\"_ _0\"></span>se notes mature o<span class=\"_ _0\"></span>n 1 Novemb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>50<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs878\">All of the ab<span class=\"_ _0\"></span>ove subo<span class=\"_ _0\"></span>rdin<span class=\"_ _0\"></span>ated notes are treated as Ti<span class=\"_ _0\"></span>er 2 own fund<span class=\"_ _0\"></span>s for Sol<span class=\"_ _0\"></span>ven<span class=\"_ _0\"></span>cy II pur<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>es unle<span class=\"_ _0\"></span>ss state<span class=\"_ _0\"></span>d other<span class=\"_ _3\"></span>wise.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h58 ff9 fs5 fc2 sc0 lsf ws38 gs879\">Senior borro<span class=\"_ _1\"></span>wings<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs87a\">Be<span class=\"_ _0\"></span>twe<span class=\"_ _0\"></span>en 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0 and 2<span class=\"_ _0\"></span>00<span class=\"_ _0\"></span>2 Le<span class=\"_ _0\"></span>gal &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>l Fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e Plc i<span class=\"_ _0\"></span>ssu<span class=\"_ _0\"></span>ed \u00a36<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>m of sen<span class=\"_ _0\"></span>ior u<span class=\"_ _0\"></span>nse<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>ed S<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>lin<span class=\"_ _0\"></span>g me<span class=\"_ _0\"></span>dium ter<span class=\"_ _0\"></span>m notes 2<span class=\"_ _0\"></span>031-20<span class=\"_ _3\"></span>4<span class=\"_ _1\"></span>1 at co<span class=\"_ _0\"></span>upo<span class=\"_ _0\"></span>ns </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs87b\">bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en 5.75% and 5<span class=\"_ _0\"></span>.875<span class=\"_ _0\"></span>%. T<span class=\"_ _0\"></span>hes<span class=\"_ _0\"></span>e notes have vario<span class=\"_ _0\"></span>us matur<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y dates be<span class=\"_ _0\"></span>twe<span class=\"_ _0\"></span>en 20<span class=\"_ _0\"></span>31 an<span class=\"_ _0\"></span>d 20<span class=\"_ _0\"></span>41<span class=\"_ _1\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h15 ff1 fs5 fc2 sc0 ls18 ws0 gs87d\">(b) <span class=\"_ _7\"> </span>O<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ation<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l b<span class=\"_ _0\"></span>orr<span class=\"_ _0\"></span>ow<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ngs<span class=\"_ _3b2\"> </span></div><div class=\"gs6f3\"><table class=\"s w389 h198\" id=\"_7e4debd8-d362-4c99-88b6-d50f9220f059\"><tr><td></td><td class=\"t m2 x5ef h13 y459c ff5 fs9 fc1 sc0 ls3d ws131\">Carrying </td><td></td><td></td><td class=\"t m2 x7bf hf y459c ff3 fs9 fc1 sc0 ls187 ws19c\">Carr<span class=\"_ _0\"></span>ying </td><td></td><td></td></tr><tr><td></td><td class=\"t m2 x27b h13 y459d ff5 fs9 fc1 sc0 ls3d ws131\">amount<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x322 h13 y459d ff6 fs9 fc1 sc0 ls18 ws32\">In<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t rat<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x506 h13 y459d ff6 fs9 fc1 sc0 ls18 ws32\">Fai<span class=\"_ _0\"></span>r val<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xb67 hf y459d ff3 fs9 fc1 sc0 ls1 ws0\">amount<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xd16 hf y459d ff3 fs9 fc1 sc0 lsee ws183\">Inte<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>st r<span class=\"_ _0\"></span>ate<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xd18 hf y459d ff3 fs9 fc1 sc0 ls89 ws3c\">Fair value<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x7c4 h13 y459e ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x430 h13 y459e ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x26f h13 y459e ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x26c hf y459e ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x7c5 hf y459e ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y459e ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x464 h13 y459f ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x681 h13 y459f ff5 fs9 fc1 sc0 ls1 ws0\">%<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x465 h13 y459f ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x466 hf y459f ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x320 h10 y459f ff4 fs9 fc1 sc0 ls1 ws0\">%<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y459f ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 hb y45a0 ff5 fs6 fc1 sc0 ls1 ws23\">Shor<span class=\"_ _0\"></span>t-<span class=\"_ _1\"></span>term operational borrow<span class=\"_ _1\"></span>ings<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y40bd w38a h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Euro<span class=\"_ _1\"></span> Commercial<span class=\"_ _1\"></span> Paper<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x126f y40bd w7b h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">50<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1270 y40bd w61 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">5.26<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1271 y40bd w7b h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">50<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1272 y40bd w39 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">49<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1273 y40bd w107 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">4.73<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1274 y40bd w39 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">49<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y416e w38b h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Ba<span class=\"_ _0\"></span>nk lo<span class=\"_ _0\"></span>ans a<span class=\"_ _0\"></span>nd ov<span class=\"_ _0\"></span>erd<span class=\"_ _0\"></span>raf<span class=\"_ _0\"></span>ts<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x533 y416e w59 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">9<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1275 y416e wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1276 y416e wa8 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">9<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1277 y416e w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">12<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1278 y416e wbd h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb26 y416e w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">12<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 hb y45a1 ff5 fs6 fc1 sc0 ls11c ws25\">Non-recourse borrow<span class=\"_ _1\"></span>ings<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y41dd w38c h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Cal<span class=\"_ _0\"></span>a revo<span class=\"_ _0\"></span>lv<span class=\"_ _0\"></span>ing c<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t fac<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe60 y41dd wa5 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe61 y41dd wa5 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1279 y41dd wa5 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x127a y41dd w4b h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">149<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x127b y41dd w62 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">7.15<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x655 y41dd w4b h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">149<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y45a2 w38d h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Cla<span class=\"_ _0\"></span>ss B S<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>plu<span class=\"_ _0\"></span>s Note<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x127c y45a2 w36 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,411<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x127d y45a2 w61 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">7.66<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x127e y45a2 w36 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,411<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x127f y45a2 w37 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,176<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1280 y45a2 w62 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">8.27<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1281 y45a2 w37 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,176<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y419a w38e h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Af<span class=\"_ _0\"></span>ford<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le H<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>es re<span class=\"_ _0\"></span>vol<span class=\"_ _0\"></span>vin<span class=\"_ _0\"></span>g cr<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>t fac<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1282 y419a w4a h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">185<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1283 y419a w106 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">6.06<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1284 y419a w4a h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">185<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1285 y419a w39 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">41<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1286 y419a w107 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">7.15<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x910 y419a w39 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">41<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y434c w38f h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Ho<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>s Mo<span class=\"_ _0\"></span>dul<span class=\"_ _0\"></span>ar re<span class=\"_ _0\"></span>vol<span class=\"_ _0\"></span>vin<span class=\"_ _0\"></span>g cr<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>t fac<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xfcb y434c w7b h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">11<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1287 y434c w106 h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">8.02<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1288 y434c w7b h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">11<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1289 y434c w39 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">11<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x128a y434c w107 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">8.30<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x128b y434c w39 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">11<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ac w390 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Su<span class=\"_ _0\"></span>bu<span class=\"_ _0\"></span>rb<span class=\"_ _0\"></span>an Bu<span class=\"_ _0\"></span>ild to Re<span class=\"_ _0\"></span>nt re<span class=\"_ _0\"></span>vol<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ng c<span class=\"_ _0\"></span>red<span class=\"_ _0\"></span>it fa<span class=\"_ _0\"></span>cil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xff9 y40ac w246 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">68<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x128c y40ac w106 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">7.13<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x128d y40ac w7b h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">68<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcac y40ac w39 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">19<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x128e y40ac w107 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">6.00<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x113b y40ac w39 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">19<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y41df w391 h141\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls1 ws23\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> operational borrowings</div><div class=\"t m2 x128f h91 y41de ff5 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1290 y40ae w36 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,734<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1291 y40ae wa5 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1292 y40ae w36 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,734<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1293 y40ae w37 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,457<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1294 y40ae wbd h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1295 y40ae w37 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,457<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs87e\">1. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>Un<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t li<span class=\"_ _0\"></span>nke<span class=\"_ _0\"></span>d b<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>owi<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>gs w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>h a ca<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g va<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>e of \u00a3<span class=\"_ _0\"></span>1,6<span class=\"_ _0\"></span>57m (3<span class=\"_ _0\"></span>1 De<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3: \u00a3<span class=\"_ _0\"></span>38<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>m) ar<span class=\"_ _0\"></span>e exc<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>m t<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>ly<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>s ab<span class=\"_ _0\"></span>ove a<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>e r<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>k is re<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>d by p<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>cy<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>s. O<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>al </div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs87f\">bo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>row<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>s in<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>ng u<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>t l<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>ke<span class=\"_ _0\"></span>d bo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>row<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e \u00a3<span class=\"_ _0\"></span>3,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>91m (31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3: \u00a3<span class=\"_ _0\"></span>1,8<span class=\"_ _0\"></span>4<span class=\"_ _3\"></span>0m).<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h58 ff9 fs5 fc2 sc0 ls14 ws1c gs880\">Non-recourse borro<span class=\"_ _1\"></span>wings<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff3 fs5 fc1 sc0 ls9 ws15 gs881\">\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">CA<span class=\"_ _0\"></span>L<span class=\"_ _3\"></span>A Group (H<span class=\"_ _0\"></span>old<span class=\"_ _0\"></span>ings) Limi<span class=\"_ _0\"></span>ted\u2019s revolv<span class=\"_ _0\"></span>ing c<span class=\"_ _0\"></span>redi<span class=\"_ _0\"></span>t facili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y was secu<span class=\"_ _0\"></span>red by way of a <span class=\"_ _1\"></span>bo<span class=\"_ _0\"></span>nd and f<span class=\"_ _0\"></span>loati<span class=\"_ _0\"></span>ng ch<span class=\"_ _0\"></span>arge<span class=\"_ _0\"></span>, and gua<span class=\"_ _0\"></span>rante<span class=\"_ _0\"></span>es and f<span class=\"_ _0\"></span>ixed ch<span class=\"_ _0\"></span>arge<span class=\"_ _0\"></span>s </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs882\">gran<span class=\"_ _0\"></span>ted by CAL<span class=\"_ _3\"></span>A Grou<span class=\"_ _0\"></span>p Lim<span class=\"_ _0\"></span>ited and i<span class=\"_ _0\"></span>ts main sub<span class=\"_ _0\"></span>sidia<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>s (CAL<span class=\"_ _3\"></span>A 1<span class=\"_ _1\"></span>999 L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted, C<span class=\"_ _0\"></span>AL<span class=\"_ _3\"></span>A Lim<span class=\"_ _0\"></span>ited<span class=\"_ _0\"></span>, and CA<span class=\"_ _0\"></span>L<span class=\"_ _3\"></span>A Manag<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted). A num<span class=\"_ _0\"></span>ber<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs883\">of<span class=\"_ gsec\"> </span>other b<span class=\"_ _0\"></span>ond<span class=\"_ _0\"></span>s and fl<span class=\"_ _0\"></span>oatin<span class=\"_ _0\"></span>g char<span class=\"_ _0\"></span>ges<span class=\"_ _0\"></span>, fi<span class=\"_ _0\"></span>xed sec<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>itie<span class=\"_ _0\"></span>s, de<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>nture<span class=\"_ _0\"></span>s and sha<span class=\"_ _0\"></span>re pled<span class=\"_ _0\"></span>ges over la<span class=\"_ _0\"></span>nd and ass<span class=\"_ _0\"></span>ets was gran<span class=\"_ _0\"></span>ted by cer<span class=\"_ _3\"></span>tain subsi<span class=\"_ _0\"></span>diar<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs884\">of<span class=\"_ gsec\"> </span>CA<span class=\"_ _0\"></span>L<span class=\"_ _3\"></span>A Group Li<span class=\"_ _0\"></span>mited in favou<span class=\"_ _0\"></span>r of the lend<span class=\"_ _0\"></span>ers<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e facili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y was dere<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d followi<span class=\"_ _0\"></span>ng the disp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>al of Cala duri<span class=\"_ _0\"></span>ng 20<span class=\"_ _0\"></span>24.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws15 gs885\">\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">Th<span class=\"_ _0\"></span>e Clas<span class=\"_ _0\"></span>s B Su<span class=\"_ _0\"></span>rpl<span class=\"_ _0\"></span>us Notes have b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n issu<span class=\"_ _0\"></span>ed by a U<span class=\"_ _0\"></span>S su<span class=\"_ _0\"></span>bsidi<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y of th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up as pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t of a co<span class=\"_ _0\"></span>insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce st<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>ctu<span class=\"_ _0\"></span>re for the p<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>e of US st<span class=\"_ _0\"></span>atuto<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs886\">regu<span class=\"_ _0\"></span>latio<span class=\"_ _0\"></span>ns. T<span class=\"_ _0\"></span>he notes were iss<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span>d in exchang<span class=\"_ _0\"></span>e for bon<span class=\"_ _0\"></span>ds of the sam<span class=\"_ _0\"></span>e value fro<span class=\"_ _0\"></span>m an unrel<span class=\"_ _0\"></span>ated par<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, inclu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d withi<span class=\"_ _0\"></span>n Fina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al investm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs887\">on<span class=\"_ gsec\"> </span>th<span class=\"_ _0\"></span>e Group\u2019s Co<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>lidated B<span class=\"_ _0\"></span>alan<span class=\"_ _0\"></span>ce S<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff3 fs5 fc1 sc0 ls9 ws15 gs888\">\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">Th<span class=\"_ _0\"></span>e revolv<span class=\"_ _0\"></span>ing cre<span class=\"_ _0\"></span>dit fac<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>ies to Affor<span class=\"_ _0\"></span>dabl<span class=\"_ _0\"></span>e Hom<span class=\"_ _0\"></span>es are sub<span class=\"_ _0\"></span>jec<span class=\"_ _0\"></span>t to agree<span class=\"_ _0\"></span>d covena<span class=\"_ _0\"></span>nts<span class=\"_ _0\"></span>, the brea<span class=\"_ _0\"></span>ch of which c<span class=\"_ _0\"></span>oul<span class=\"_ _0\"></span>d resul<span class=\"_ _0\"></span>t in a charge on th<span class=\"_ _0\"></span>e land<span class=\"_ _0\"></span> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs889\">and<span class=\"_ gsec\"> </span>wor<span class=\"_ _0\"></span>k in pro<span class=\"_ _0\"></span>gress of Leg<span class=\"_ _0\"></span>al &amp; Gen<span class=\"_ _0\"></span>eral Af<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>dabl<span class=\"_ _0\"></span>e Hom<span class=\"_ _0\"></span>es (D<span class=\"_ _0\"></span>evel<span class=\"_ _0\"></span>opm<span class=\"_ _0\"></span>ent 2) Lim<span class=\"_ _0\"></span>ited an<span class=\"_ _0\"></span>d Legal &amp; Ge<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>ral Af<span class=\"_ _0\"></span>forda<span class=\"_ _0\"></span>ble H<span class=\"_ _0\"></span>ome<span class=\"_ _0\"></span>s (Deve<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>pme<span class=\"_ _0\"></span>nt 3) </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs88a\">Lim<span class=\"_ _0\"></span>ited and c<span class=\"_ _0\"></span>harg<span class=\"_ _0\"></span>e on invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ty on Le<span class=\"_ _0\"></span>gal &amp; Gen<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Af<span class=\"_ _0\"></span>fordab<span class=\"_ _0\"></span>le Ho<span class=\"_ _0\"></span>mes L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws15 gs88b\">\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">Leg<span class=\"_ _0\"></span>al &amp; Ge<span class=\"_ _0\"></span>ner<span class=\"_ _0\"></span>al Ho<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>s Mo<span class=\"_ _0\"></span>dula<span class=\"_ _0\"></span>r Lim<span class=\"_ _0\"></span>ited<span class=\"_ _0\"></span>\u2019s revolvi<span class=\"_ _0\"></span>ng c<span class=\"_ _0\"></span>redi<span class=\"_ _0\"></span>t facil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y is se<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>red by way of f<span class=\"_ _0\"></span>ixed c<span class=\"_ _0\"></span>harg<span class=\"_ _0\"></span>es over d<span class=\"_ _0\"></span>evel<span class=\"_ _0\"></span>opm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ties own<span class=\"_ _0\"></span>ed </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs88c\">by<span class=\"_ gsec\"> </span>the<span class=\"_ gsec\"> </span>c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>any and a fi<span class=\"_ _0\"></span>xed cha<span class=\"_ _0\"></span>rge over the sh<span class=\"_ _0\"></span>ares in th<span class=\"_ _0\"></span>e com<span class=\"_ _0\"></span>pany. </div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws15 gs88d\">\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">Su<span class=\"_ _0\"></span>bur<span class=\"_ _0\"></span>ban B<span class=\"_ _0\"></span>uild to Re<span class=\"_ _0\"></span>nt revol<span class=\"_ _0\"></span>vin<span class=\"_ _0\"></span>g cre<span class=\"_ _0\"></span>dit fa<span class=\"_ _0\"></span>cili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y is sec<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>d by way of fixe<span class=\"_ _0\"></span>d cha<span class=\"_ _0\"></span>rges ove<span class=\"_ _0\"></span>r deve<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>pme<span class=\"_ _0\"></span>nt pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es own<span class=\"_ _0\"></span>ed by th<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>mpany<span class=\"_ _0\"></span> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs88e\">and<span class=\"_ gsec\"> </span>a<span class=\"_ gsec\"> </span>f<span class=\"_ _0\"></span>ixed c<span class=\"_ _0\"></span>harg<span class=\"_ _0\"></span>e over the sha<span class=\"_ _0\"></span>res in the co<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>ny.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs88f\">Th<span class=\"_ _0\"></span>e car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>yi<span class=\"_ _0\"></span>ng valu<span class=\"_ _0\"></span>e of opera<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>al bor<span class=\"_ _0\"></span>rowin<span class=\"_ _0\"></span>gs app<span class=\"_ _0\"></span>roximates the<span class=\"_ _0\"></span>ir fair valu<span class=\"_ _0\"></span>e. Th<span class=\"_ _0\"></span>e prese<span class=\"_ _0\"></span>nted fair valu<span class=\"_ _0\"></span>es ref<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>ct obs<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>able ma<span class=\"_ _0\"></span>rket infor<span class=\"_ _0\"></span>mati<span class=\"_ _0\"></span>on </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs890\">and<span class=\"_ gsec\"> </span>have be<span class=\"_ _0\"></span>en cl<span class=\"_ _0\"></span>assi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ed as Level 2 in the fair valu<span class=\"_ _0\"></span>e hie<span class=\"_ _0\"></span>rarc<span class=\"_ _0\"></span>hy with the exc<span class=\"_ _0\"></span>eptio<span class=\"_ _0\"></span>n of the Af<span class=\"_ _0\"></span>fordab<span class=\"_ _0\"></span>le Ho<span class=\"_ _0\"></span>mes revo<span class=\"_ _0\"></span>lvi<span class=\"_ _0\"></span>ng cre<span class=\"_ _0\"></span>dit fac<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es whic<span class=\"_ _0\"></span>h have </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs891\">be<span class=\"_ _0\"></span>en cla<span class=\"_ _0\"></span>ssif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d as Level 3.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h21 ff1 fs10 fc2 sc0 ls77 ws0 gs893\">(iii) <span class=\"_ _20\"> </span>A<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>lysi<span class=\"_ _0\"></span>s by mat<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ity<span class=\"_ _3b2\"> </span></div><div class=\"gs5e4\"><table class=\"s w1e3 h199\" id=\"_a09dacd3-ecc8-4139-acca-7a4997eade38\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t m2 x866 h13 y45a3 ff5 fs9 fc1 sc0 ls18 ws0\">Ma<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>le o<span class=\"_ _0\"></span>f u<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ed c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>sh f<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>ws<span class=\"_ _3b2\"> </span></td><td></td><td></td></tr><tr><td></td><td class=\"t m2 x7be h13 y45a4 ff5 fs9 fc1 sc0 ls3d ws131\">Carrying<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xbcd h13 y45a4 ff5 fs9 fc1 sc0 ls29 ws30\">Within<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xac3 h13 y45a4 ff5 fs9 fc1 sc0 ls32 wsf3\">1-5<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x324 h13 y45a4 ff5 fs9 fc1 sc0 ls184 ws1a3\">5<span class=\"_ _0\"></span>-1<span class=\"_ _0\"></span>5<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x4e7 h13 y45a4 ff5 fs9 fc1 sc0 lsc3 ws1cd\">15<span class=\"_ _0\"></span>-2<span class=\"_ _0\"></span>5<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x7c5 h13 y45a4 ff6 fs9 fc1 sc0 ls167 ws182\">Ove<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></td><td></td></tr><tr><td></td><td class=\"t m2 xa4e h13 y45a5 ff5 fs9 fc1 sc0 ls3d ws131\">amount<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xaa3 h13 y45a5 ff5 fs9 fc1 sc0 ls18 ws0\">1 yea<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x502 h13 y45a5 ff5 fs9 fc1 sc0 ls27 ws2e\">year<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x493 h13 y45a5 ff5 fs9 fc1 sc0 ls27 ws2e\">year<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x325 h13 y45a5 ff5 fs9 fc1 sc0 ls27 ws2e\">year<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 h13 y45a5 ff5 fs9 fc1 sc0 ls18 ws0\">25 ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 h13 y45a5 ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 h13 y45a6 ff5 fs9 fc1 sc0 ls18 ws0\">As a<span class=\"_ _0\"></span>t 31 De<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>4<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x321 h13 y45a6 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x464 h13 y45a6 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xac3 h13 y45a6 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x465 h13 y45a6 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x466 h13 y45a6 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x467 h13 y45a6 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 h13 y45a6 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 hb y45a7 ff5 fs6 fc1 sc0 ls1 ws23\">Subordinated borrowings<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y45a8 w37e h117\"><div class=\"t m2 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">5.5<span class=\"_ _0\"></span>% S<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>lin<span class=\"_ _0\"></span>g subo<span class=\"_ _0\"></span>rd<span class=\"_ _0\"></span>inate<span class=\"_ _0\"></span>d notes 20<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>4 (<span class=\"_ _0\"></span>Ti<span class=\"_ _0\"></span>er 2)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x960 y45a8 w4a h116\"><div class=\"t m2 x1ca hc y4084 ff5 fs6 fc1 sc0 ls56 ws55\">590<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1296 y45a8 wa4 h116\"><div class=\"t m2 x1ca hc y4084 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1297 y45a8 wa5 h116\"><div class=\"t m2 x1ca hc y4084 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1298 y45a8 wa6 h116\"><div class=\"t m2 x1ca hc y4084 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1299 y45a8 wa5 h116\"><div class=\"t m2 x1ca hc y4084 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x129a y45a8 w3a h116\"><div class=\"t m2 x1ca hc y4084 ff6 fs6 fc1 sc0 ls56 ws55\">(600)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x129b y45a8 w3a h116\"><div class=\"t m2 x1ca hc y4084 ff6 fs6 fc1 sc0 ls56 ws55\">(600)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y45a9 w37f h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5.<span class=\"_ _0\"></span>375<span class=\"_ _0\"></span>% Ste<span class=\"_ _0\"></span>rl<span class=\"_ _0\"></span>ing su<span class=\"_ _0\"></span>bo<span class=\"_ _0\"></span>rdi<span class=\"_ _0\"></span>nate<span class=\"_ _0\"></span>d notes 20<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>5 (T<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>er 2)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x129c y45a9 w4a h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">605<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x129d y45a9 wb4 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(6)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x129e y45a9 wa6 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x988 y45a9 wa5 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x129f y45a9 w3a h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(600)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x12a0 y45a9 wa5 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x12a1 y45a9 w3a h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(606)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y45aa w380 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5.<span class=\"_ _0\"></span>25% U<span class=\"_ _0\"></span>S Doll<span class=\"_ _0\"></span>ar sub<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>ated note<span class=\"_ _0\"></span>s 20<span class=\"_ _0\"></span>47 (T<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>er 2)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe6c y45aa w4a h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">688<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x12a2 y45aa w41 h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(10)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x12a3 y45aa wa5 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x12a4 y45aa wa5 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x12a5 y45aa w3a h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(700)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x12a6 y45aa wa6 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x12a7 y45aa w3a h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(710)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y45ab w380 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5.5<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>% US Dol<span class=\"_ _0\"></span>lar su<span class=\"_ _0\"></span>bo<span class=\"_ _0\"></span>rdi<span class=\"_ _0\"></span>nate<span class=\"_ _0\"></span>d notes 2052 (<span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>r 2)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe6c y45ab w4a h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">403<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x12a8 y45ab w67 h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(4)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1129 y45ab wa5 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x12a9 y45ab wa5 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc90 y45ab wa6 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x12aa y45ab w3a h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(399)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3f7 y45ab w3a h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(403)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y45ac w381 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5.<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>25<span class=\"_ _0\"></span>% Ste<span class=\"_ _0\"></span>rli<span class=\"_ _0\"></span>ng sub<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>ated note<span class=\"_ _0\"></span>s 20<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>8 (<span class=\"_ _0\"></span>Ti<span class=\"_ _0\"></span>er 2)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x12ab y45ac w4a h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">401<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x12ac y45ac wb4 h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(3)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x68d y45ac wa5 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc81 y45ac wa6 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x12ad y45ac w3a h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(400)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd23 y45ac wa5 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x12ae y45ac w3a h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(403)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y45ad w382 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3.75% S<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>lin<span class=\"_ _0\"></span>g sub<span class=\"_ _0\"></span>ord<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>ted notes 20<span class=\"_ _0\"></span>49 (<span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>r 2)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x12af y45ad w4a h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">600<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x12b0 y45ad wb4 h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(2)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x586 y45ad wa5 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x12b1 y45ad wa5 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc55 y45ad wa5 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x12b2 y45ad w3a h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(600)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x12a7 y45ad w3a h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(602)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y45ae w37e h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">4.5<span class=\"_ _0\"></span>% S<span class=\"_ _0\"></span>terl<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g subo<span class=\"_ _0\"></span>rdi<span class=\"_ _0\"></span>nate<span class=\"_ _0\"></span>d notes 205<span class=\"_ _0\"></span>0 (<span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>r 2)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x960 y45ae w4a h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">501<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x12b3 y45ae wb4 h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(4)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x12b4 y45ae wa5 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x12b5 y45ae wa5 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe7d y45ae wa5 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x12b6 y45ae w3a h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(500)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x12b7 y45ae w3a h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(504)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y45af w392 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Cli<span class=\"_ _0\"></span>ent f<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>d ho<span class=\"_ _0\"></span>ldi<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>s of Gro<span class=\"_ _0\"></span>up d<span class=\"_ _0\"></span>ebt (<span class=\"_ _3\"></span>Tie<span class=\"_ _0\"></span>r 2)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x12b8 y45af w14c h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(77)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x12b9 y45af wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x12ba y45af wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x12bb y45af wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x12bc y45af wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x12bd y45af wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x12be y45af wa6 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 hb y45b0 ff5 fs6 fc1 sc0 ls11c ws25\">Senior borro<span class=\"_ _1\"></span>wings<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y45b1 w385 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">S<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>lin<span class=\"_ _0\"></span>g me<span class=\"_ _0\"></span>diu<span class=\"_ _0\"></span>m ter<span class=\"_ _0\"></span>m note<span class=\"_ _0\"></span>s 20<span class=\"_ _0\"></span>31-2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>41<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x12bf y45b1 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">609<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x12c0 y45b1 w14c h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(11)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x120e y45b1 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x12c1 y45b1 w3a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(590)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x12c2 y45b1 w41 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(10)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x12c3 y45b1 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb98 y45b1 w3a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(611)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y45b2 w393 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Cli<span class=\"_ _0\"></span>ent f<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>d ho<span class=\"_ _0\"></span>ldi<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>s of Gro<span class=\"_ _0\"></span>up d<span class=\"_ _0\"></span>ebt<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x12c4 y45b2 w41 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(12)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x12c5 y45b2 wa4 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa67 y45b2 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x12c6 y45b2 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x558 y45b2 wa6 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x559 y45b2 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x591 y45b2 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y45b3 w388 h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls1 ws23\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> core borrowings<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x12c7 y45b3 w36 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">4,308<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x12c8 y45b3 w14c h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">(40)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x12c9 y45b3 wa5 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x12ca y45b3 w3a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">(590)</div></td><td class=\"c n x12cb y45b3 w33 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">(1,710)</div></td><td class=\"c n x12cc y45b3 w33 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">(2,099)</div></td><td class=\"c n x12cd y45b3 w33 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">(4,439)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 hb y45b4 ff5 fs6 fc1 sc0 ls1 ws23\">Short-term operational<span class=\"_ _1\"></span> borrowings<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y45b5 w38a h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws23\">Euro<span class=\"_ _1\"></span> Commercial<span class=\"_ _1\"></span> Paper<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x12ce y45b5 w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">50<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x101b y45b5 w41 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(50)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x12cf y45b5 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x12d0 y45b5 wa6 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x12d1 y45b5 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x12d2 y45b5 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x12d3 y45b5 w41 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(50)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y45b6 w38b h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Ba<span class=\"_ _0\"></span>nk lo<span class=\"_ _0\"></span>ans a<span class=\"_ _0\"></span>nd ov<span class=\"_ _0\"></span>erd<span class=\"_ _0\"></span>raf<span class=\"_ _0\"></span>ts<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x12d4 y45b6 w1e1 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">9<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x12d5 y45b6 wb4 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(9)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x12d6 y45b6 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x12d7 y45b6 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x12d8 y45b6 wa6 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x12d9 y45b6 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x12da y45b6 w67 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(9)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 hb y45b7 ff5 fs6 fc1 sc0 ls11c ws25\">Non-recourse borrow<span class=\"_ _1\"></span>ings<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y45b8 w38c h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Cal<span class=\"_ _0\"></span>a revo<span class=\"_ _0\"></span>lv<span class=\"_ _0\"></span>ing c<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t fac<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x12db y45b8 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x53e y45b8 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x556 y45b8 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x12dc y45b8 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7fe y45b8 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd1d y45b8 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa86 y45b8 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y45b9 w38d h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Cla<span class=\"_ _0\"></span>ss B S<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>plu<span class=\"_ _0\"></span>s Note<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x12dd y45b9 w36 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">1,411<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4a9 y45b9 wa4 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x839 y45b9 wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x12de y45b9 w3a h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(769)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x12df y45b9 w3a h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(644)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc3f y45b9 wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013</div></td><td class=\"c n x12e0 y45b9 w33 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(1,413)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y45ba w38e h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Af<span class=\"_ _0\"></span>ford<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le H<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>es re<span class=\"_ _0\"></span>vol<span class=\"_ _0\"></span>vin<span class=\"_ _0\"></span>g cr<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>t fac<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x129c y45ba w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">185<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x12e1 y45ba w3a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(185)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x12e2 y45ba wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x12e3 y45ba wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x12e4 y45ba wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x12e5 y45ba wa6 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x12e6 y45ba w3a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(185)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y45bb w38f h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Ho<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>s Mo<span class=\"_ _0\"></span>dul<span class=\"_ _0\"></span>ar re<span class=\"_ _0\"></span>vol<span class=\"_ _0\"></span>vin<span class=\"_ _0\"></span>g cr<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>t fac<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x12e7 y45bb w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">11<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x12e8 y45bb w41 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(11)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x12e9 y45bb wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc03 y45bb wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x12ea y45bb wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1130 y45bb wa6 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x695 y45bb w41 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(11)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y45bc w390 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Su<span class=\"_ _0\"></span>bu<span class=\"_ _0\"></span>rb<span class=\"_ _0\"></span>an Bu<span class=\"_ _0\"></span>ild to Re<span class=\"_ _0\"></span>nt re<span class=\"_ _0\"></span>vol<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ng c<span class=\"_ _0\"></span>red<span class=\"_ _0\"></span>it fa<span class=\"_ _0\"></span>cil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x12eb y45bc w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">68<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xbd9 y45bc wa4 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x12ec y45bc w41 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(68)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x12ed y45bc wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9e3 y45bc wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11f0 y45bc wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x12ee y45bc waf h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(68)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y45bd w394 h11b\"><div class=\"t m2 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls1 ws23\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> operational borrowings<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x12ef y45bd w36 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">1,734<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x12f0 y45bd w3a h11b\"><div class=\"t m2 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls56 ws55\">(255)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x12f1 y45bd w41 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">(68)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x12f2 y45bd w3a h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">(769)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x12f3 y45bd w3a h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">(644)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcb3 y45bd wa5 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013</div></td><td class=\"c n x12f4 y45bd w33 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">(1,736)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y45bf w395 h19a\"><div class=\"t m2 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls11c ws25\">T<span class=\"_ _4\"></span>ot<span class=\"_ _0\"></span>al borro<span class=\"_ _1\"></span>wings e<span class=\"_ _1\"></span>xcluding uni<span class=\"_ _1\"></span>t link<span class=\"_ _1\"></span>ed borrow<span class=\"_ _1\"></span>ings</div><div class=\"t m2 x12f5 h91 y45be ff5 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x12f6 y4121 w36 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">6,042<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x12f7 y4121 w3a h11b\"><div class=\"t m2 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls56 ws55\">(295)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x12f8 y4121 waf h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">(68)</div></td><td class=\"c n x12f9 y4121 w33 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">(1,359)</div></td><td class=\"c n x12fa y4121 w33 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">(2,354)</div></td><td class=\"c n x12fb y4121 w33 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">(2,099)</div></td><td class=\"c n x12fc y4121 w33 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">(6,175)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41a9 w396 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10e ws54\">Contractual undiscounted<span class=\"_ _1\"></span> interest<span class=\"_ _1\"></span> payments<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1128 y41a9 w3a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(332)</div></td><td class=\"c n xc44 y41a9 w33 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(1,318)</div></td><td class=\"c n x12fd y41a9 w33 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(2,781)</div></td><td class=\"c n x12fe y41a9 w33 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(1,849)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x12ff y41a9 w3a h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(556)</div></td><td class=\"c n x1300 y41a9 w33 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(6,836)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w397 h11b\"><div class=\"t m2 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls50 ws3f\">T<span class=\"_ _4\"></span>otal contractual<span class=\"_ _1\"></span> undiscounted<span class=\"_ _1\"></span> cash fl<span class=\"_ _1\"></span>ows<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1301 y40ae w3a h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">(627)</div></td><td class=\"c n x1302 y40ae w33 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">(1,386)</div></td><td class=\"c n x1303 y40ae w33 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">(4,140)</div></td><td class=\"c n x1304 y40ae w33 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">(4,203)</div></td><td class=\"c n x1305 y40ae w33 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">(2,655)</div></td><td class=\"c n x1306 y40ae w44 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">(13,011)<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs894\">1. <span class=\"_ _15\"> </span>Un<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t li<span class=\"_ _0\"></span>nke<span class=\"_ _0\"></span>d b<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>wi<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>re ex<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d fr<span class=\"_ _0\"></span>om t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e an<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>ys<span class=\"_ _0\"></span>is a<span class=\"_ _0\"></span>bo<span class=\"_ _0\"></span>ve as t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>k is r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d by p<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>yh<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ld<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"gs6c8\"><table class=\"s w398 h19b\" id=\"_73ebd896-4dbd-4fca-aa4a-01aa8b6b48f6\"><tr><td></td><td></td><td></td><td class=\"t m2 x896 hf y45c0 ff3 fs9 fc1 sc0 ls18 ws0\">Mat<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y p<span class=\"_ _0\"></span>rof<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>e of un<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>sc<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nte<span class=\"_ _0\"></span>d cas<span class=\"_ _0\"></span>h f<span class=\"_ _0\"></span>low<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m2 x1307 hf y45c1 ff3 fs9 fc1 sc0 ls187 ws19c\">Carr<span class=\"_ _0\"></span>ying<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xaa3 hf y45c1 ff3 fs9 fc1 sc0 ls1b ws1f\">Within<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x432 hf y45c1 ff3 fs9 fc1 sc0 ls28 ws2f\">1-5<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x31f hf y45c1 ff3 fs9 fc1 sc0 ls184 ws1a3\">5<span class=\"_ _3\"></span>-15<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x325 hf y45c1 ff3 fs9 fc1 sc0 ls184 ws1a3\">15<span class=\"_ _3\"></span>-<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>5<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1308 hf y45c1 ff3 fs9 fc1 sc0 ls16a ws185\">Over<span class=\"_ _3b2\"> </span></td><td></td></tr><tr><td></td><td class=\"t m2 xa4e hf y45c2 ff3 fs9 fc1 sc0 ls1 ws0\">amount<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xaa3 hf y45c2 ff3 fs9 fc1 sc0 ls18 ws0\">1 yea<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x502 hf y45c2 ff3 fs9 fc1 sc0 ls45 ws100\">years<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x493 hf y45c2 ff3 fs9 fc1 sc0 ls45 ws100\">years<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x325 hf y45c2 ff3 fs9 fc1 sc0 ls45 ws100\">years<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x7c1 hf y45c2 ff3 fs9 fc1 sc0 ls18 ws0\">25 yea<span class=\"_ _0\"></span>rs<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y45c2 ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 hf y45c3 ff3 fs9 fc1 sc0 ls18 ws0\">As a<span class=\"_ _0\"></span>t 31 De<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>3<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x321 hf y45c3 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x464 hf y45c3 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xac3 hf y45c3 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x465 hf y45c3 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x466 hf y45c3 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x467 hf y45c3 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y45c3 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 h1a y45c4 ff3 fs6 fc1 sc0 ls55 ws59\">Subordinated borrowings<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y45c5 w37e h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5.5<span class=\"_ _0\"></span>% S<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>lin<span class=\"_ _0\"></span>g subo<span class=\"_ _0\"></span>rd<span class=\"_ _0\"></span>inate<span class=\"_ _0\"></span>d notes 20<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>4 (<span class=\"_ _0\"></span>Ti<span class=\"_ _0\"></span>er 2)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1309 y45c5 w153 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">590<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x130a y45c5 wbe h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xbae y45c5 wbd h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x130b y45c5 wbd h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x52d y45c5 wbd h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x130c y45c5 w3b h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(600)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x589 y45c5 w3b h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(600)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y45c6 w37f h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5.<span class=\"_ _0\"></span>375<span class=\"_ _0\"></span>% Ste<span class=\"_ _0\"></span>rl<span class=\"_ _0\"></span>ing su<span class=\"_ _0\"></span>bo<span class=\"_ _0\"></span>rdi<span class=\"_ _0\"></span>nate<span class=\"_ _0\"></span>d notes 20<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>5 (T<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>er 2)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x130d y45c6 w42 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">605<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x130e y45c6 w1e8 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(6)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x130f y45c6 wbd h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1310 y45c6 wbd h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1311 y45c6 w3b h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(600)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc65 y45c6 wbd h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3c4 y45c6 w3b h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(606)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y45c7 w380 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5.<span class=\"_ _0\"></span>25% U<span class=\"_ _0\"></span>S Doll<span class=\"_ _0\"></span>ar sub<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>ated note<span class=\"_ _0\"></span>s 20<span class=\"_ _0\"></span>47 (T<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>er 2)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1312 y45c7 w42 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">676<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1313 y45c7 wc3 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(10)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa7a y45c7 wbd h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd09 y45c7 wbd h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1314 y45c7 w4d h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(668)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1315 y45c7 wbd h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1316 y45c7 w3b h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(678)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y45c8 w380 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5.5<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>% US Dol<span class=\"_ _0\"></span>lar su<span class=\"_ _0\"></span>bo<span class=\"_ _0\"></span>rdi<span class=\"_ _0\"></span>nate<span class=\"_ _0\"></span>d notes 2052 (<span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>r 2)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1312 y45c8 w42 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">396<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1317 y45c8 w6a h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(4)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1318 y45c8 wbd h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x479 y45c8 wbd h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1319 y45c8 wbd h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1251 y45c8 w3b h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(393)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x589 y45c8 w3b h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(397)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y45c9 w381 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5.<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>25<span class=\"_ _0\"></span>% Ste<span class=\"_ _0\"></span>rli<span class=\"_ _0\"></span>ng sub<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>ated note<span class=\"_ _0\"></span>s 20<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>8 (<span class=\"_ _0\"></span>Ti<span class=\"_ _0\"></span>er 2)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x131a y45c9 w42 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">401<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x131b y45c9 w1e8 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(3)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x131c y45c9 wbd h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe76 y45c9 wbd h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x131d y45c9 w3b h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(400)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd23 y45c9 wbd h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x131e y45c9 w3b h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(403)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y45ca w382 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3.75% S<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>lin<span class=\"_ _0\"></span>g sub<span class=\"_ _0\"></span>ord<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>ted notes 20<span class=\"_ _0\"></span>49 (<span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>r 2)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x131f y45ca w42 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">599<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1320 y45ca w6a h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(2)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1321 y45ca wbd h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1322 y45ca wbd h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1323 y45ca wbd h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe55 y45ca w3b h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(600)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe56 y45ca w3b h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(602)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4160 w37e h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">4.5<span class=\"_ _0\"></span>% S<span class=\"_ _0\"></span>terl<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g subo<span class=\"_ _0\"></span>rdi<span class=\"_ _0\"></span>nate<span class=\"_ _0\"></span>d notes 205<span class=\"_ _0\"></span>0 (<span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>r 2)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1309 y4160 w153 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">501<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1324 y4160 w6a h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(4)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10d3 y4160 wbd h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1325 y4160 wbd h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1326 y4160 wbd h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1327 y4160 w3b h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(500)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc9a y4160 w3b h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(504)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4161 w392 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Cli<span class=\"_ _0\"></span>ent f<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>d ho<span class=\"_ _0\"></span>ldi<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>s of Gro<span class=\"_ _0\"></span>up d<span class=\"_ _0\"></span>ebt (<span class=\"_ _3\"></span>Tie<span class=\"_ _0\"></span>r 2)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1328 y4161 wc3 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(80)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1329 y4161 wbd h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x586 y4161 wbd h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1279 y4161 wbd h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x132a y4161 wbd h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xed4 y4161 wbf h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa78 y4161 wbf h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 h1a y45cb ff3 fs6 fc1 sc0 ls55 ws59\">Senior bor<span class=\"_ _0\"></span>rowings<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4164 w385 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">S<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>lin<span class=\"_ _0\"></span>g me<span class=\"_ _0\"></span>diu<span class=\"_ _0\"></span>m ter<span class=\"_ _0\"></span>m note<span class=\"_ _0\"></span>s 20<span class=\"_ _0\"></span>31-2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>41<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x12bf y4164 w153 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">609<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x132b y4164 wc3 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(11)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xfa6 y4164 wbd h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x132c y4164 w3b h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(590)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x132d y4164 w71 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(10)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x132e y4164 wbd h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x132f y4164 w4d h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(611)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4166 w393 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Cli<span class=\"_ _0\"></span>ent f<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>d ho<span class=\"_ _0\"></span>ldi<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>s of Gro<span class=\"_ _0\"></span>up d<span class=\"_ _0\"></span>ebt<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1330 y4166 w71 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(17)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1331 y4166 wbd h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1129 y4166 wbf h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xecb y4166 wbf h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10c2 y4166 wbd h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1332 y4166 wbd h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1333 y4166 wbd h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y430f w399 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls12e wsca\">T<span class=\"_ _4\"></span>otal cor<span class=\"_ _1\"></span>e borro<span class=\"_ _1\"></span>wing<span class=\"_ _1\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1334 y430f wc5 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">4,280<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1335 y430f wc3 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(40)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1336 y430f wbd h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1337 y430f w3b h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(590)</div></td><td class=\"c n x1338 y430f w34 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(1,678)</div></td><td class=\"c n x1339 y430f w34 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(2,093)</div></td><td class=\"c n x133a y430f w34 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(4,401)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 h1a y45cc ff3 fs6 fc1 sc0 ls1 ws23\">Shor<span class=\"_ _0\"></span>t-t<span class=\"_ _1\"></span>erm operat<span class=\"_ _1\"></span>ional<span class=\"_ _1\"></span> borrowi<span class=\"_ _1\"></span>ngs<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y45cd w38a h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws23\">Euro<span class=\"_ _1\"></span> Commercial<span class=\"_ _1\"></span> Paper<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x12ce y45cd w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">49<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x133b y45cd wc3 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(49)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1134 y45cd wbd h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x54d y45cd wbd h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x133c y45cd wbd h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1315 y45cd wbd h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x133d y45cd w71 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(49)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y45ce w38b h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Ba<span class=\"_ _0\"></span>nk lo<span class=\"_ _0\"></span>ans a<span class=\"_ _0\"></span>nd ov<span class=\"_ _0\"></span>erd<span class=\"_ _0\"></span>raf<span class=\"_ _0\"></span>ts<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x133e y45ce w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">12<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x133f y45ce wc3 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(12)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1340 y45ce wbd h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x988 y45ce wbd h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1341 y45ce wbd h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1342 y45ce wbd h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x649 y45ce w71 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(12)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 h1a y45cf ff3 fs6 fc1 sc0 ls12e wsca\">Non-<span class=\"_ _0\"></span>recourse<span class=\"_ _1\"></span> borro<span class=\"_ _1\"></span>wings<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y416d w38c h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Cal<span class=\"_ _0\"></span>a revo<span class=\"_ _0\"></span>lv<span class=\"_ _0\"></span>ing c<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t fac<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1343 y416d w153 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">149<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1344 y416d wbe h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1345 y416d w4d h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(149)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1346 y416d wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9e3 y416d wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1347 y416d wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x24d y416d w3b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(149)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4315 w38d h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Cla<span class=\"_ _0\"></span>ss B S<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>plu<span class=\"_ _0\"></span>s Note<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1348 y4315 wc5 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,176<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1349 y4315 w6a h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(4)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe7b y4315 wbf h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x134a y4315 w3b h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(543)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x134b y4315 w3b h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(631)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x115c y4315 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013</div></td><td class=\"c n x134c y4315 w34 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(1,178)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y416f w38e h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Af<span class=\"_ _0\"></span>ford<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le H<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>es re<span class=\"_ _0\"></span>vol<span class=\"_ _0\"></span>vin<span class=\"_ _0\"></span>g cr<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>t fac<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x134d y416f w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">41<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x134e y416f w71 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(41)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x839 y416f wbf h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x134f y416f wbf h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1350 y416f wbf h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1351 y416f wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1352 y416f w5a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(41)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4170 w38f h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Ho<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>s Mo<span class=\"_ _0\"></span>dul<span class=\"_ _0\"></span>ar re<span class=\"_ _0\"></span>vol<span class=\"_ _0\"></span>vin<span class=\"_ _0\"></span>g cr<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>t fac<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1353 y4170 w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">11<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc24 y4170 wbe h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1354 y4170 w5a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(11)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe76 y4170 wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x523 y4170 wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcc8 y4170 wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1355 y4170 w71 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(11)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4171 w390 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Su<span class=\"_ _0\"></span>bu<span class=\"_ _0\"></span>rb<span class=\"_ _0\"></span>an Bu<span class=\"_ _0\"></span>ild to Re<span class=\"_ _0\"></span>nt re<span class=\"_ _0\"></span>vol<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ng c<span class=\"_ _0\"></span>red<span class=\"_ _0\"></span>it fa<span class=\"_ _0\"></span>cil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1356 y4171 w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">19<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xbd9 y4171 wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1357 y4171 w71 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(19)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1298 y4171 wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1358 y4171 wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1359 y4171 wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3de y4171 w71 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(19)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y419a w39a h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">T<span class=\"_ _4\"></span>otal opera<span class=\"_ _1\"></span>tional<span class=\"_ _1\"></span> borrow<span class=\"_ _1\"></span>ings<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x135a y419a wc5 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,457<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x135b y419a wc6 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(106)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x135c y419a w3b h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(179)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x135d y419a w3b h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(543)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x135e y419a w3b h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(631)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1130 y419a wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013</div></td><td class=\"c n xda0 y419a w34 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(1,459)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y45d0 w39b h126\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">T<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>tal borrowings excluding unit<span class=\"_ _1\"></span> linked borrowings</div><div class=\"t m2 x135f h5a y4138 ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1360 y4193 wc5 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5,737<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1361 y4193 wc6 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(146)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1362 y4193 w3b h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(179)</div></td><td class=\"c n x1363 y4193 w34 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(1,133)</div></td><td class=\"c n x1364 y4193 w34 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(2,309)</div></td><td class=\"c n x1365 y4193 w34 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(2,093)</div></td><td class=\"c n x1366 y4193 w34 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(5,860)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4158 w396 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws54\">Contractual undiscounted<span class=\"_ _1\"></span> interest<span class=\"_ _1\"></span> payments<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1367 y4158 w3b h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(316)</div></td><td class=\"c n x1368 y4158 w34 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(1,276)</div></td><td class=\"c n x1369 y4158 w34 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(2,786)</div></td><td class=\"c n x136a y4158 w34 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(1,913)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x136b y4158 w3b h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(655)</div></td><td class=\"c n x136c y4158 w34 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(6,946)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w39c h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws54\">T<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>tal contractual<span class=\"_ _1\"></span> undiscounted cash<span class=\"_ _1\"></span> flows<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x136d y40ae wc6 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(462)</div></td><td class=\"c n x136e y40ae w34 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(1,455)</div></td><td class=\"c n x136f y40ae w34 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(3,919)</div></td><td class=\"c n x1370 y40ae w34 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(4,222)</div></td><td class=\"c n x1371 y40ae w34 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(2,748)</div></td><td class=\"c n x1372 y40ae w45 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(12,806)<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs896\">1. <span class=\"_ _15\"> </span>Un<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t li<span class=\"_ _0\"></span>nke<span class=\"_ _0\"></span>d b<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>wi<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>re ex<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d fr<span class=\"_ _0\"></span>om t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e an<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>ys<span class=\"_ _0\"></span>is a<span class=\"_ _0\"></span>bo<span class=\"_ _0\"></span>ve as t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>k is r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d by p<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>yh<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ld<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs897\">Th<span class=\"_ _0\"></span>e matur<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y p<span class=\"_ _0\"></span>rofil<span class=\"_ _0\"></span>e above is c<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>culate<span class=\"_ _0\"></span>d on th<span class=\"_ _0\"></span>e basis th<span class=\"_ _0\"></span>at a faci<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y to ref<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>ce a m<span class=\"_ _0\"></span>aturi<span class=\"_ _0\"></span>ng lo<span class=\"_ _0\"></span>an is not r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ised u<span class=\"_ _0\"></span>nle<span class=\"_ _0\"></span>ss th<span class=\"_ _0\"></span>e facili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y and l<span class=\"_ _0\"></span>oan a<span class=\"_ _0\"></span>re </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 lsd ws7f gs898\">related<span class=\"_ _0\"></span>. If refinan<span class=\"_ _0\"></span>cin<span class=\"_ _0\"></span>g unde<span class=\"_ _0\"></span>r the Group\u2019s credi<span class=\"_ _0\"></span>t facili<span class=\"_ _0\"></span>ties was reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>, then all amoun<span class=\"_ _0\"></span>ts shown as repayabl<span class=\"_ _0\"></span>e within on<span class=\"_ _0\"></span>e year would be reclas<span class=\"_ _0\"></span>sif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs899\">as<span class=\"_ gsec\"> </span>repaya<span class=\"_ _0\"></span>ble b<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n one and f<span class=\"_ _0\"></span>ive yea<span class=\"_ _0\"></span>rs.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs89a\">Und<span class=\"_ _0\"></span>isc<span class=\"_ _0\"></span>ounte<span class=\"_ _0\"></span>d interest pay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts are est<span class=\"_ _0\"></span>imated bas<span class=\"_ _0\"></span>ed on th<span class=\"_ _0\"></span>e year end ap<span class=\"_ _0\"></span>plic<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le interes<span class=\"_ _0\"></span>t rate and spot exch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e rates.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h15 ff1 fs5 fc2 sc0 ls10 ws1b gs89b\">Syndicated credit<span class=\"_ _1\"></span> facilit<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs89c\">Th<span class=\"_ _0\"></span>e Group ha<span class=\"_ _0\"></span>s in place a \u00a31.5bn syn<span class=\"_ _0\"></span>dic<span class=\"_ _0\"></span>ated co<span class=\"_ _0\"></span>mmi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ted revol<span class=\"_ _0\"></span>vin<span class=\"_ _0\"></span>g credi<span class=\"_ _0\"></span>t facili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y provid<span class=\"_ _0\"></span>ed by a numb<span class=\"_ _0\"></span>er of its key relati<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>hip ban<span class=\"_ _0\"></span>ks, matu<span class=\"_ _0\"></span>rin<span class=\"_ _0\"></span>g </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs89d\">in<span class=\"_ gsec\"> </span>Aug<span class=\"_ _0\"></span>ust 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>9. No amou<span class=\"_ _0\"></span>nts were ou<span class=\"_ _0\"></span>tsta<span class=\"_ _0\"></span>ndin<span class=\"_ _0\"></span>g at 31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2024<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h21 ff1 fs10 fc2 sc0 ls77 ws0 gs89e\">(iv<span class=\"_ _4\"></span>) <span class=\"_ _c\"> </span>Movement in bor<span class=\"_ _0\"></span>row<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ngs<span class=\"_ _3b2\"> </span></div><div class=\"gs89f\"><table class=\"s w39d h19c\" id=\"_f5b65adf-c538-41ad-a483-03ed3b9f4a9d\"><tr><td></td><td></td><td class=\"t m2 x1c6 h13 y45d1 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y45d1 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td></td><td class=\"t m2 x1c8 h13 y45d2 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y45d2 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y40ba w1d8 h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws0\">As a<span class=\"_ _0\"></span>t 1 Ja<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1373 y40ba w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">6,120<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9c7 y40ba w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5,557<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 hc y45d3 ff4 fs6 fc1 sc0 ls56 ws55\">Cas<span class=\"_ _0\"></span>h move<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts:<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y43a2 w114 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">\u2022</div></td><td class=\"c n x405 y43a2 w39e h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls12e wsca\">Proceeds<span class=\"_ _1\"></span> from borr<span class=\"_ _1\"></span>owi<span class=\"_ _1\"></span>ngs<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x820 y43a2 w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,054<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1374 y43a2 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,078<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y433b w114 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022</div></td><td class=\"c n x405 y433b w39f h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Rep<span class=\"_ _0\"></span>aym<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t of bo<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>owin<span class=\"_ _0\"></span>gs<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1375 y433b w3a h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(473)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1376 y433b w4d h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(544)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y416e w114 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022</div></td><td class=\"c n x405 y416e w3a0 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Inc<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>ase i<span class=\"_ _0\"></span>n ban<span class=\"_ _0\"></span>k lo<span class=\"_ _0\"></span>ans a<span class=\"_ _0\"></span>nd ove<span class=\"_ _0\"></span>rdr<span class=\"_ _0\"></span>af<span class=\"_ _0\"></span>ts<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1377 y416e w36 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">1,271<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xfc3 y416e w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">148<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y417f w114 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022</div></td><td class=\"c n x405 y417f w3a1 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Dis<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>sal of C<span class=\"_ _0\"></span>ala<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x221 y417f w3a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(320)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa78 y417f wbf h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 hc y45d4 ff4 fs6 fc1 sc0 ls113 ws11f\" colspan=\"2\">Non-<span class=\"_ _0\"></span>cash mo<span class=\"_ _1\"></span>vements<span class=\"_ _1\"></span>:<span class=\"_ _3b2\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4181 w114 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022</div></td><td class=\"c n x405 y4181 w3a2 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls112 ws6\">Am<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>tisatio<span class=\"_ _0\"></span>n<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1378 y4181 wa8 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x2ad y4181 w50 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4183 w114 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022</div></td><td class=\"c n x405 y4183 w3a3 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">For<span class=\"_ _0\"></span>eig<span class=\"_ _0\"></span>n exc<span class=\"_ _0\"></span>han<span class=\"_ _0\"></span>ge r<span class=\"_ _0\"></span>ate move<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x22f y4183 w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">43<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3f9 y4183 w3b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(108)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4184 w114 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022</div></td><td class=\"c n x405 y4184 w141 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 lsea ws122\">Othe<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x40d y4184 wa8 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x40e y4184 w71 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(14)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w3a4 h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws23\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> core and operational<span class=\"_ _1\"></span> borrowings as<span class=\"_ _1\"></span> at 3<span class=\"_ _1\"></span>1 December<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1379 y40ae w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">7,699<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8cf y40ae w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">6,120</div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBorrowingsExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-604": {
   "value": "<div class=\"t m2 he ff1 fs8 fc2 sc0 ls90 ws112 gs8a1\">24<span class=\"_ _1\"></span><span class=\"lsb4 ws1ce\">. P<span class=\"_ _3\"></span>rov<span class=\"_ _3\"></span>isio<span class=\"_ _0\"></span>ns<span class=\"_ _3b2\"> </span></span></div><div class=\"t m2 h21 ff1 fs10 fc2 sc0 ls77 ws0 gs8a2\">(i<span class=\"_ _1\"></span>) <span class=\"_ _8\"> </span>A<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>lysis of provi<span class=\"_ _0\"></span>sions<span class=\"_ _3b2\"> </span></div><div class=\"gs498\"><table class=\"s w3a5 h19d\" id=\"_bb3dc25a-3d56-4441-923e-99d00c332dd0\"><tr><td></td><td></td><td class=\"t m2 x1c6 h13 y45d5 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y45d5 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x42e hf y45d6 ff3 fs9 fc1 sc0 lsee wsf5\">Note<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 h13 y45d6 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y45d6 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y4121 w280 h116\"><div class=\"t m2 x1ca h1a y40b1 ff3 fs6 fc1 sc0 lsea ws27\">Othe<span class=\"_ _0\"></span>r provisions<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x137a y4121 w1ff h116\"><div class=\"t m2 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls56 ws55\">24(ii)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x137b y4121 w4a h116\"><div class=\"t m2 x1ca h1a y40b1 ff5 fs6 fc1 sc0 ls56 ws55\">149<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x137c y4121 w42 h116\"><div class=\"t m2 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls56 ws55\">244<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4158 w3a6 h116\"><div class=\"t m2 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls1 ws23\">Retir<span class=\"_ _1\"></span>ement bene<span class=\"_ _1\"></span>fit obli<span class=\"_ _1\"></span>gation<span class=\"_ _1\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x137d y4158 w3a7 h116\"><div class=\"t m2 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls56 ws55\">24(iii)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x137e y4158 w59 h116\"><div class=\"t m2 x1ca h1a y40b1 ff5 fs6 fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x53d y4158 w39 h116\"><div class=\"t m2 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls56 ws55\">14<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w3a8 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> provi<span class=\"_ _1\"></span>sions<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x137f y40ae w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">152<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1380 y40ae w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">258<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"t m2 h21 ff1 fs10 fc2 sc0 lsd4 wsdc gs8a3\">(ii) <span class=\"_ _36\"> </span>Ot<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span> prov<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>sion<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs8a4\">Ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r provisi<span class=\"_ _0\"></span>ons i<span class=\"_ _0\"></span>ncl<span class=\"_ _0\"></span>ude c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ts that th<span class=\"_ _0\"></span>e As<span class=\"_ _0\"></span>set M<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ent d<span class=\"_ _0\"></span>ivis<span class=\"_ _0\"></span>ion is c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>mit<span class=\"_ _3\"></span>ted to incur o<span class=\"_ _0\"></span>n the e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>tensio<span class=\"_ _0\"></span>n of its e<span class=\"_ _0\"></span>xisti<span class=\"_ _0\"></span>ng par<span class=\"_ _3\"></span>tne<span class=\"_ _0\"></span>rsh<span class=\"_ _0\"></span>ip wit<span class=\"_ _0\"></span>h </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs8a5\">S<span class=\"_ _0\"></span>tate<span class=\"_ gsec\"> </span>S<span class=\"_ _0\"></span>tre<span class=\"_ _0\"></span>et an<span class=\"_ _0\"></span>nou<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ed in 20<span class=\"_ _0\"></span>21, <span class=\"_ _1\"></span>to increa<span class=\"_ _0\"></span>se the use of Char<span class=\"_ _0\"></span>les Ri<span class=\"_ _0\"></span>ver tec<span class=\"_ _0\"></span>hno<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>gy acr<span class=\"_ _0\"></span>oss the fro<span class=\"_ _0\"></span>nt of<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ce and to deli<span class=\"_ _0\"></span>ver mid<span class=\"_ _0\"></span>dle of<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ce se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs8a6\">goin<span class=\"_ _0\"></span>g<span class=\"_ gsec\"> </span>for<span class=\"_ _0\"></span>ward<span class=\"_ _0\"></span>. Co<span class=\"_ _0\"></span>sts inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>e the tra<span class=\"_ _0\"></span>nsfer of data and op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ation<span class=\"_ _0\"></span>s to State S<span class=\"_ _0\"></span>tre<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>, as well as the impl<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>enta<span class=\"_ _0\"></span>tion of the new o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ratin<span class=\"_ _0\"></span>g mod<span class=\"_ _0\"></span>el.<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs8a7\">Th<span class=\"_ _0\"></span>e<span class=\"_ gsec\"> </span>amo<span class=\"_ _0\"></span>unts in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d in the provisi<span class=\"_ _0\"></span>on have be<span class=\"_ _0\"></span>en de<span class=\"_ _0\"></span>termi<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>d on a best es<span class=\"_ _0\"></span>timate basis by referen<span class=\"_ _0\"></span>ce to a range of plau<span class=\"_ _0\"></span>sibl<span class=\"_ _0\"></span>e sce<span class=\"_ _0\"></span>nar<span class=\"_ _0\"></span>ios<span class=\"_ _0\"></span>, </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs8a8\">tak<span class=\"_ _0\"></span>ing<span class=\"_ gsec\"> </span>in<span class=\"_ _0\"></span>to<span class=\"_ gsec\"> </span>acc<span class=\"_ _0\"></span>ount th<span class=\"_ _0\"></span>e mult<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>-ye<span class=\"_ _0\"></span>ar imp<span class=\"_ _0\"></span>lem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n per<span class=\"_ _0\"></span>iod for th<span class=\"_ _0\"></span>e proje<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>. As at 31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2024<span class=\"_ _0\"></span>, the ou<span class=\"_ _0\"></span>tst<span class=\"_ _0\"></span>andi<span class=\"_ _0\"></span>ng provi<span class=\"_ _0\"></span>sion was \u00a36<span class=\"_ _0\"></span>5m<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs8a9\">(31 Dec<span class=\"_ _0\"></span>emb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3: \u00a3108m).<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h21 ff1 fs10 fc2 sc0 ls9c wsa0 gs8aa\">(<span class=\"_ _1\"></span>ii<span class=\"_ _0\"></span>i) <span class=\"_ _14\"> </span>Ret<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>rement benefit obligations<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h15 ff1 fs5 fc2 sc0 ls18 ws0 gs8ab\">Def<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>d cont<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ibut<span class=\"_ _0\"></span>ion s<span class=\"_ _0\"></span>cheme<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs8ac\">Th<span class=\"_ _0\"></span>e Group o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>rates the followi<span class=\"_ _0\"></span>ng pri<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>pal def<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>ed co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n pens<span class=\"_ _0\"></span>ion sc<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>mes in th<span class=\"_ _0\"></span>e UK and over<span class=\"_ _0\"></span>seas<span class=\"_ _0\"></span>:<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws15 gs8ad\">\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\"> <span class=\"_ _b\"></span>Legal &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>l Grou<span class=\"_ _0\"></span>p Pe<span class=\"_ _0\"></span>rso<span class=\"_ _0\"></span>nal Pe<span class=\"_ _0\"></span>nsio<span class=\"_ _0\"></span>n Pla<span class=\"_ _0\"></span>n (U<span class=\"_ _0\"></span>K<span class=\"_ _0\"></span>)<span class=\"_ _3b2\"> </span></span></div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws15 gs8ae\">\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">Leg<span class=\"_ _0\"></span>al &amp; Ge<span class=\"_ _0\"></span>ner<span class=\"_ _0\"></span>al S<span class=\"_ _0\"></span>taf<span class=\"_ _0\"></span>f S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>akeho<span class=\"_ _0\"></span>ld<span class=\"_ _0\"></span>er Pe<span class=\"_ _0\"></span>nsio<span class=\"_ _0\"></span>n S<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me (<span class=\"_ _0\"></span>UK<span class=\"_ _0\"></span>)<span class=\"_ _3b2\"> </span></span></div><div class=\"t m2 ha ff3 fs5 fc1 sc0 ls9 ws15 gs8af\">\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">Leg<span class=\"_ _0\"></span>al &amp; Gene<span class=\"_ _0\"></span>ral A<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>ric<span class=\"_ _0\"></span>a Inc<span class=\"_ _0\"></span>. Savi<span class=\"_ _0\"></span>ngs Pla<span class=\"_ _0\"></span>n (US).<span class=\"_ _3b2\"> </span></span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs8b0\">Th<span class=\"_ _0\"></span>e Group p<span class=\"_ _0\"></span>revio<span class=\"_ _0\"></span>usl<span class=\"_ _0\"></span>y ope<span class=\"_ _0\"></span>rated the C<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>L<span class=\"_ _0\"></span>A def<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>ed c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n pen<span class=\"_ _0\"></span>sio<span class=\"_ _0\"></span>n sche<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>, until the dis<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>sal of Cala co<span class=\"_ _0\"></span>mpl<span class=\"_ _0\"></span>eted on 31 Oc<span class=\"_ _0\"></span>tobe<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>24.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs8b1\">Co<span class=\"_ _0\"></span>ntri<span class=\"_ _0\"></span>bu<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s of \u00a31<span class=\"_ _1\"></span>09<span class=\"_ _0\"></span>m (202<span class=\"_ _0\"></span>3: \u00a3102m) were made du<span class=\"_ _0\"></span>rin<span class=\"_ _0\"></span>g year in resp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t of defin<span class=\"_ _0\"></span>ed c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n sch<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>es.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h15 ff1 fs5 fc2 sc0 ls58 ws3a gs8b2\">Def<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ned b<span class=\"_ _0\"></span>enef<span class=\"_ _0\"></span>it scheme<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs8b3\">Th<span class=\"_ _0\"></span>e Group c<span class=\"_ _0\"></span>urre<span class=\"_ _0\"></span>ntl<span class=\"_ _0\"></span>y ope<span class=\"_ _0\"></span>rates the Le<span class=\"_ _0\"></span>gal &amp; Gen<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Am<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>ca In<span class=\"_ _0\"></span>c. Cas<span class=\"_ _0\"></span>h Bala<span class=\"_ _0\"></span>nce Pl<span class=\"_ _0\"></span>an (U<span class=\"_ _0\"></span>S) defi<span class=\"_ _0\"></span>ned b<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>t sch<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>e. Th<span class=\"_ _0\"></span>e last full ac<span class=\"_ _0\"></span>tua<span class=\"_ _0\"></span>rial valu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs8b4\">was as at 31 Dece<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>24.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs8b5\">Th<span class=\"_ _0\"></span>e Group p<span class=\"_ _0\"></span>revio<span class=\"_ _0\"></span>usl<span class=\"_ _0\"></span>y ope<span class=\"_ _0\"></span>rated the foll<span class=\"_ _0\"></span>owing d<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>ned b<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>t pen<span class=\"_ _0\"></span>sion s<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>s in the UK<span class=\"_ _0\"></span>:<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff3 fs5 fc1 sc0 ls9 ws15 gs8b6\">\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\"> <span class=\"_ _b\"></span>Legal &amp; Gen<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Grou<span class=\"_ _0\"></span>p UK Pen<span class=\"_ _0\"></span>sion an<span class=\"_ _0\"></span>d Ass<span class=\"_ _0\"></span>uran<span class=\"_ _0\"></span>ce Fun<span class=\"_ _0\"></span>d (the Fund). T<span class=\"_ _0\"></span>he Fund was clo<span class=\"_ _0\"></span>sed to new me<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>rs fro<span class=\"_ _0\"></span>m Janu<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y 1995<span class=\"_ _3b2\"> </span></span></div><div class=\"t m2 ha ff3 fs5 fc1 sc0 ls9 ws15 gs8b7\">\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\"> <span class=\"_ _b\"></span>Legal &amp; Gen<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Grou<span class=\"_ _0\"></span>p UK Se<span class=\"_ _0\"></span>nio<span class=\"_ _0\"></span>r Pens<span class=\"_ _0\"></span>ion S<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>e (the Sc<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>me). The Sc<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>me was, wi<span class=\"_ _0\"></span>th a few exceptio<span class=\"_ _0\"></span>ns (p<span class=\"_ _0\"></span>rin<span class=\"_ _0\"></span>cip<span class=\"_ _0\"></span>ally tr<span class=\"_ _0\"></span>ansfer<span class=\"_ _0\"></span>s from the Fun<span class=\"_ _0\"></span>d)<span class=\"_ _0\"></span>, </span></div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs8b8\">clo<span class=\"_ _0\"></span>sed to new m<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>rs fro<span class=\"_ _0\"></span>m Au<span class=\"_ _0\"></span>gust 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0 and f<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>ally c<span class=\"_ _0\"></span>los<span class=\"_ _0\"></span>ed to new m<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>rs fro<span class=\"_ _0\"></span>m A<span class=\"_ _0\"></span>pril 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>07<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff3 fs5 fc1 sc0 ls9 ws15 gs8b9\">\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">CA<span class=\"_ _0\"></span>L<span class=\"_ _3\"></span>A Retirem<span class=\"_ _0\"></span>ent an<span class=\"_ _0\"></span>d Deat<span class=\"_ _0\"></span>h Ben<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>its S<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me (<span class=\"_ _0\"></span>UK<span class=\"_ _0\"></span>). Thi<span class=\"_ _0\"></span>s sche<span class=\"_ _0\"></span>me cl<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>d to new memb<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s from 31 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>07 an<span class=\"_ _0\"></span>d clos<span class=\"_ _0\"></span>ed to future ac<span class=\"_ _0\"></span>cr<span class=\"_ _0\"></span>ual<span class=\"_ _0\"></span> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs8ba\">on 31 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 2018.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs8bb\">Ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tai<span class=\"_ _0\"></span>n par<span class=\"_ _0\"></span>ts of the lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ties of the Fund an<span class=\"_ _0\"></span>d the Sc<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>me had pre<span class=\"_ _0\"></span>vio<span class=\"_ _0\"></span>usly b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n sec<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>d by way <span class=\"_ _1\"></span>of annui<span class=\"_ _0\"></span>ties pu<span class=\"_ _0\"></span>rch<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>d from the Gr<span class=\"_ _0\"></span>oup, whi<span class=\"_ _0\"></span>ch were<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs8bc\">not<span class=\"_ gsec\"> </span>re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d as an asset for I<span class=\"_ _0\"></span>AS 19 <span class=\"_ _1\"></span>pur<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>. In Apr<span class=\"_ _0\"></span>il 20<span class=\"_ _0\"></span>23<span class=\"_ _0\"></span>, Ass<span class=\"_ _0\"></span>ured Pay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt Poli<span class=\"_ _0\"></span>cie<span class=\"_ _0\"></span>s (AP<span class=\"_ _0\"></span>Ps), previo<span class=\"_ _0\"></span>usl<span class=\"_ _0\"></span>y trans<span class=\"_ _0\"></span>acte<span class=\"_ _0\"></span>d bet<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n the Gro<span class=\"_ _0\"></span>up\u2019s UK </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs8bd\">def<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d be<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>it pe<span class=\"_ _0\"></span>nsio<span class=\"_ _0\"></span>n sch<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>es and Le<span class=\"_ _0\"></span>gal and G<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>ral A<span class=\"_ _0\"></span>ssur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e S<span class=\"_ _0\"></span>oci<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>y Lim<span class=\"_ _0\"></span>ited (LG<span class=\"_ _0\"></span>AS), were su<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>d at their ca<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing val<span class=\"_ _0\"></span>ue of \u00a38<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>9m </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs8be\">and co<span class=\"_ _0\"></span>nver<span class=\"_ _3\"></span>ted into annuit<span class=\"_ _0\"></span>y c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>s. An ad<span class=\"_ _0\"></span>diti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>al top<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>up co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of \u00a31<span class=\"_ _1\"></span>83<span class=\"_ _0\"></span>m, pr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ed on an ar<span class=\"_ _0\"></span>m\u2019s leng<span class=\"_ _0\"></span>th basis<span class=\"_ _0\"></span>, was paid to LGAS by the </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs8bf\">def<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d be<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>it pe<span class=\"_ _0\"></span>nsio<span class=\"_ _0\"></span>n sch<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>es as par<span class=\"_ _0\"></span>t of the tra<span class=\"_ _0\"></span>nsa<span class=\"_ _0\"></span>ctio<span class=\"_ _0\"></span>n, ma<span class=\"_ _0\"></span>kin<span class=\"_ _0\"></span>g a total contr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n for new annu<span class=\"_ _0\"></span>itie<span class=\"_ _0\"></span>s of \u00a31<span class=\"_ _1\"></span>,0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2m<span class=\"_ _0\"></span>. This res<span class=\"_ _0\"></span>ulted in bot<span class=\"_ _0\"></span>h </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs8c0\">pen<span class=\"_ _0\"></span>sio<span class=\"_ _0\"></span>n sche<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>s bein<span class=\"_ _0\"></span>g full<span class=\"_ _0\"></span>y covere<span class=\"_ _0\"></span>d by annui<span class=\"_ _0\"></span>ty c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>ts. </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs8c1\">Th<span class=\"_ _0\"></span>e T<span class=\"_ _4\"></span>r<span class=\"_ _0\"></span>uste<span class=\"_ _0\"></span>es co<span class=\"_ _0\"></span>mpl<span class=\"_ _0\"></span>eted a buyo<span class=\"_ _0\"></span>ut of the Fund an<span class=\"_ _0\"></span>d the S<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me in Nove<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>23<span class=\"_ _0\"></span>, and th<span class=\"_ _0\"></span>e existi<span class=\"_ _0\"></span>ng annu<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y po<span class=\"_ _0\"></span>lici<span class=\"_ _0\"></span>es were excha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>d for indi<span class=\"_ _0\"></span>vidu<span class=\"_ _0\"></span>al </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs8c2\">pol<span class=\"_ _0\"></span>icie<span class=\"_ _0\"></span>s bet<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n LGA<span class=\"_ _0\"></span>S and<span class=\"_ gsec\"> </span>me<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s. As a resu<span class=\"_ _0\"></span>lt<span class=\"_ _0\"></span>, all the Grou<span class=\"_ _0\"></span>p\u2019s obligat<span class=\"_ _0\"></span>ions un<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r the pe<span class=\"_ _0\"></span>nsio<span class=\"_ _0\"></span>n sch<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>s were full<span class=\"_ _0\"></span>y ex<span class=\"_ _0\"></span>ting<span class=\"_ _0\"></span>uish<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>, and the def<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs8c3\">ben<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>it ob<span class=\"_ _0\"></span>ligati<span class=\"_ _0\"></span>on as<span class=\"_ gsec\"> </span>at<span class=\"_ gsec\"> </span>th<span class=\"_ _0\"></span>e set<span class=\"_ _0\"></span>tle<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt date of \u00a31<span class=\"_ _1\"></span>,470<span class=\"_ _0\"></span>m was therefo<span class=\"_ _0\"></span>re dere<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>. On the sa<span class=\"_ _0\"></span>me date, the G<span class=\"_ _0\"></span>roup re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed the dir<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t liabili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y to </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 lsd ws7f gs8c4\">th<span class=\"_ _0\"></span>e me<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s wi<span class=\"_ _0\"></span>thin insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>ct liabili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s. The dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e bet<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n the defin<span class=\"_ _0\"></span>ed be<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>it obli<span class=\"_ _0\"></span>gatio<span class=\"_ _0\"></span>n at this <span class=\"_ _1\"></span>date and the fair value of <span class=\"_ _1\"></span>the insur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e </div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs8c5\">contract liabili<span class=\"_ _0\"></span>ties re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ised u<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>r IF<span class=\"_ _0\"></span>RS 17 resulted i<span class=\"_ _0\"></span>n \u00a316<span class=\"_ _1\"></span>7m bein<span class=\"_ _0\"></span>g rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in the C<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>nsol<span class=\"_ _0\"></span>idated I<span class=\"_ _0\"></span>nco<span class=\"_ _0\"></span>me S<span class=\"_ _3\"></span>tateme<span class=\"_ _0\"></span>nt in 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3 as set<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs8c6\">cos<span class=\"_ _0\"></span>ts. T<span class=\"_ _0\"></span>his<span class=\"_ gsec\"> </span>ref<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>cts me<span class=\"_ _0\"></span>asure<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>es bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en IF<span class=\"_ _0\"></span>RS 1<span class=\"_ _1\"></span>7 and IA<span class=\"_ _0\"></span>S 1<span class=\"_ _1\"></span>9, princ<span class=\"_ _0\"></span>ipal<span class=\"_ _0\"></span>ly co<span class=\"_ _0\"></span>mpr<span class=\"_ _0\"></span>isin<span class=\"_ _0\"></span>g of the assoc<span class=\"_ _0\"></span>iated C<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>M and risk ad<span class=\"_ _0\"></span>just<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t.<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs8c7\">Th<span class=\"_ _0\"></span>e Fund and the S<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>e still ho<span class=\"_ _0\"></span>ld mini<span class=\"_ _0\"></span>mal resid<span class=\"_ _0\"></span>ual ass<span class=\"_ _0\"></span>ets whic<span class=\"_ _0\"></span>h are expe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted to meet the c<span class=\"_ _0\"></span>ost of wind<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>p expe<span class=\"_ _0\"></span>nse<span class=\"_ _0\"></span>s. Th<span class=\"_ _0\"></span>e Fund exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ts </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs8c8\">to<span class=\"_ gsec\"> </span>com<span class=\"_ _0\"></span>plete the<span class=\"_ _0\"></span>ir wind<span class=\"_ _3\"></span>-u<span class=\"_ _0\"></span>p in 2025 an<span class=\"_ _0\"></span>d the S<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me in 20<span class=\"_ _0\"></span>26<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls12 ws11 gs8ca\">Foll<span class=\"_ _0\"></span>owing the disp<span class=\"_ _0\"></span>osal of Cala, whic<span class=\"_ _0\"></span>h com<span class=\"_ _0\"></span>plete<span class=\"_ _0\"></span>d on 31 <span class=\"_ _1\"></span>Octob<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>24, the Grou<span class=\"_ _0\"></span>p no longe<span class=\"_ _0\"></span>r ope<span class=\"_ _0\"></span>rates the CAL<span class=\"_ _3\"></span>A Retirem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t and Death Ben<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>its Sc<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>me.<span class=\"_ _3b2\"> </span></div><div class=\"gs8cb\"><table class=\"s w3a9 h19e\" id=\"_168e3b4e-76d7-45b1-8af1-7952943ef042\"><tr><td></td><td></td><td class=\"t m2 xd82 h13 y45d7 ff5 fs9 fc1 sc0 ls37 ws3f\">Fund<span class=\"_ _1\"></span> and Scheme<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x4c4 h13 y45d7 ff5 fs9 fc1 sc0 ls18 ws0\">Ca<span class=\"_ _0\"></span>la a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d US<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x5b0 hf y45d7 ff3 fs9 fc1 sc0 ls18 ws0\">Fun<span class=\"_ _0\"></span>d an<span class=\"_ _0\"></span>d Sc<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1381 hf y45d7 ff3 fs9 fc1 sc0 ls18 ws0\">Cal<span class=\"_ _0\"></span>a an<span class=\"_ _0\"></span>d U<span class=\"_ _0\"></span>S<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td></td><td class=\"t m2 x430 h13 y45d8 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x431 h13 y45d8 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c6 hf y45d8 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y45d8 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td></td><td class=\"t m2 xac3 h13 y45d9 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x433 h13 y45d9 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 hf y45d9 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y45d9 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 hb y45da ff6 fs6 fc1 sc0 ls56 ws55\">Move<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t in pr<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t val<span class=\"_ _0\"></span>ue of de<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>d be<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>it ob<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>ga<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ns<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y45db w1d8 h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws0\">As a<span class=\"_ _0\"></span>t 1 Ja<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1217 y45db wa5 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1382 y45db w3a h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(115)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1383 y45db w34 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(1,480)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1f2 y45db w3b h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(105)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y45dc w3aa h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls12e wsca\">Current<span class=\"_ _1\"></span> service cos<span class=\"_ _1\"></span>t<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1384 y45dc wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1385 y45dc w67 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(4)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1386 y45dc w6a h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(3)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1387 y45dc w6a h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(4)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y45dd wcb h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws23\">Int<span class=\"_ _1\"></span>erest<span class=\"_ _1\"></span> expense<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1388 y45dd wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1389 y45dd w67 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(2)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x138a y45dd w71 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(64)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x138b y45dd w6a h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(5)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 hc y45de ff4 fs6 fc1 sc0 ls57 ws2c\">Act<span class=\"_ _0\"></span>uar<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>l remea<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t (<span class=\"_ _1\"></span>rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nis<span class=\"_ _0\"></span>ed in the Cons<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>idate<span class=\"_ _0\"></span>d St<span class=\"_ _0\"></span>atem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t of<span class=\"_ gs5e1\"> </span>Com<span class=\"_ _0\"></span>pre<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>nsi<span class=\"_ _0\"></span>ve<span class=\"_ gs5e1\"> </span>In<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me)<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y447b w114 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y447b w3ab h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Change in financial assumptions<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x120e y447b wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x138c y447b wa8 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x138d y447b w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">70<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x138e y447b w6a h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(5)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y45df w114 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y45df w3ac h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls11e ws5c\">Change in<span class=\"_ _1\"></span> demographic assump<span class=\"_ _1\"></span>tions<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa67 y45df wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa68 y45df wa6 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x138f y45df w5a h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(20)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1390 y45df w50 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40b2 w114 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y40b2 w3ad h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">Experience<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc35 y40b2 wa6 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1391 y40b2 w6d h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(2)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8df y40b2 w71 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(37)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1392 y40b2 wc0 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(5)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4501 w3ae h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws23\">Benefits p<span class=\"_ _1\"></span>aid<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n xe66 y4501 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1393 y4501 w59 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7a5 y4501 w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">64<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x927 y4501 w75 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">5<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40b4 w3af h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws23\">Exchange d<span class=\"_ _1\"></span>ifferences<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1394 y40b4 wa6 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1395 y40b4 w6d h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(1)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x590 y40b4 wbd h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1396 y40b4 w75 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40b5 w3b0 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Dis<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>sal of C<span class=\"_ _0\"></span>ala<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x129e y40b5 wa6 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1397 y40b5 w70 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">63<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x621 y40b5 wbd h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1398 y40b5 wbd h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4351 w3b1 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls112 ws6\">Set<span class=\"_ _0\"></span>tle<span class=\"_ _0\"></span>ment<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1384 y4351 wa5 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1399 y4351 wa5 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x139a y4351 w30 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,470<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb65 y4351 wbd h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4168 w1db h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls12e wsca\">As at<span class=\"_ _1\"></span> 31<span class=\"_ _1\"></span> December<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x12cf y4168 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x139b y4168 waf h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(57)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x619 y4168 wbd h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x139c y4168 w3b h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(115)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 hb y45e0 ff6 fs6 fc1 sc0 ls56 ws55\">Move<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t in fai<span class=\"_ _0\"></span>r val<span class=\"_ _0\"></span>ue of pl<span class=\"_ _0\"></span>an as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y40ba w1d8 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws0\">As a<span class=\"_ _0\"></span>t 1 Ja<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1217 y40ba wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x139d y40ba w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">101<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x139e y40ba w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">868<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x42a y40ba w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">100<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y42f1 w3b2 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted r<span class=\"_ _0\"></span>etu<span class=\"_ _0\"></span>rn o<span class=\"_ _0\"></span>n pla<span class=\"_ _0\"></span>n ass<span class=\"_ _0\"></span>ets a<span class=\"_ _0\"></span>t lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y dis<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>t rate<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1384 y42f1 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6c8 y42f1 wa8 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x139f y42f1 w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">38<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13a0 y42f1 w50 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">5<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40bc w3b3 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls57 ws2c\">Act<span class=\"_ _0\"></span>uar<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>l remea<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t (<span class=\"_ _1\"></span>rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nis<span class=\"_ _0\"></span>ed in the Cons<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>idate<span class=\"_ _0\"></span>d St<span class=\"_ _0\"></span>atem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t of<span class=\"_ gs5e1\"> </span>Com<span class=\"_ _0\"></span>pre<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>nsi<span class=\"_ _0\"></span>ve<span class=\"_ gs5e1\"> </span>In<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me)<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x13a1 y40bc wa5 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13a2 y40bc w59 h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws0\">9<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13a3 y40bc w39 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">53<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13a4 y40bc w6a h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(4)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40bd w3b4 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">Employer contributions<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x13a5 y40bd wa6 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x689 y40bd w59 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13a6 y40bd w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">127<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb7d y40bd w50 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40be w3ae h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws23\">Benefits p<span class=\"_ _1\"></span>aid<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n xe66 y40be wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13a7 y40be w67 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(2)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13a8 y40be w71 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(64)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13a9 y40be w6a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(5)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40bf w3af h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws23\">Exchange d<span class=\"_ _1\"></span>ifferences<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1394 y40bf wa6 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x917 y40bf w59 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13aa y40bf wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13ab y40bf wc0 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(2)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c0 w3b0 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Dis<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>sal of C<span class=\"_ _0\"></span>ala<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x129e y40c0 wa6 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13ac y40c0 w41 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(64)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13ad y40c0 wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcad y40c0 wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4199 w3b5 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10a ws5a\">Purchase of<span class=\"_ _1\"></span> non<span class=\"_ _0\"></span>-plan asset annuities<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x11f9 y4199 wa5 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x922 y4199 wa6 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13ae y4199 w34 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(1,022)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13af y4199 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y419a w1db h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls12e wsca\">As at<span class=\"_ _1\"></span> 31<span class=\"_ _1\"></span> December<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x12cf y419a wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13b0 y419a w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">54<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13b1 y419a wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x654 y419a w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">101<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w3b6 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">Gr<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>s de<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>d be<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>it pe<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n de<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>t inc<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d in prov<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1340 y4121 wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6aa y4121 w67 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(3)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13b2 y4121 wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13b3 y4121 w71 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(14)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ac w3b7 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Defe<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>ed ta<span class=\"_ _0\"></span>x o<span class=\"_ _0\"></span>n def<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t pe<span class=\"_ _0\"></span>nsi<span class=\"_ _0\"></span>on d<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>ici<span class=\"_ _0\"></span>t<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x13a5 y40ac wa6 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x689 y40ac w59 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa2a y40ac wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x93e y40ac w50 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w3b8 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls12e wsca\">Net defined benefit<span class=\"_ _1\"></span> pension deficit<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x13a1 y40ae wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13b4 y40ae w6d h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(2)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13b5 y40ae wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13b6 y40ae w71 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(11)<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs8cd\">Th<span class=\"_ _0\"></span>e fair value of the pla<span class=\"_ _0\"></span>n assets at the e<span class=\"_ _0\"></span>nd of the year is made up as foll<span class=\"_ _0\"></span>ows:<span class=\"_ _3b2\"> </span></div><div class=\"gs8ce\"><table class=\"s w3b9 h19f\" id=\"_62ef137c-373e-418e-9070-36249307f967\"><tr><td></td><td></td><td class=\"t m0 x3ef h13 y45e1 ff5 fs9 fc1 sc0 ls3b ws4d\">Valuation<span class=\"_ _1\"></span> based on <span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></td><td></td><td class=\"t m0 x9f7 h13 y45e1 ff5 fs9 fc1 sc0 ls18 ws0\">Valu<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d on o<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>n </td></tr><tr><td></td><td></td><td class=\"t m0 x57d h13 y45e2 ff5 fs9 fc1 sc0 ls37 ws3f\">quoted m<span class=\"_ _1\"></span>arket<span class=\"_ _1\"></span> price<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m0 x495 h13 y45e2 ff6 fs9 fc1 sc0 ls18 ws32\">qu<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>ed<span class=\"_ gs6da\"> </span>m<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>rke<span class=\"_ _0\"></span>t pr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m0 xd82 h13 y45e3 ff5 fs9 fc1 sc0 ls37 ws3f\">Fund<span class=\"_ _1\"></span> and Scheme<span class=\"_ _3b2\"> </span></td><td class=\"c x13b8 y45e4 w3ba h123\"><div class=\"t m0 x1ca h13 y40ef ff5 fs9 fc1 sc0 ls18 ws0\">Ca<span class=\"_ _0\"></span>la a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d US</div><div class=\"t m0 x13b7 h99 y40f0 ff5 fs1b fc1 sc0 ls1 ws0\">1</div></td><td class=\"t m0 x5ae h13 y45e5 ff5 fs9 fc1 sc0 ls37 ws3f\">Fund<span class=\"_ _1\"></span> and Scheme<span class=\"_ _3b2\"> </span></td><td class=\"c x13ba y45e4 w3bb h123\"><div class=\"t m0 x1ca h13 y40ef ff5 fs9 fc1 sc0 ls18 ws0\">Ca<span class=\"_ _0\"></span>la a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d US</div><div class=\"t m0 x13b9 h99 y40f0 ff5 fs1b fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 h13 y45e6 ff5 fs9 fc1 sc0 ls18 ws0\">As a<span class=\"_ _0\"></span>t 31 De<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>4<span class=\"_ _3b2\"> </span></td><td class=\"t m0 xac3 h13 y45e6 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x433 h13 y45e7 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c8 h13 y45e7 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 h13 y45e7 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y42f5 w3bc h116\"><div class=\"t m0 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls10a ws118\">Equities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13bb y42f5 wa5 h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13bc y42f5 w7b h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls56 ws55\">26<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x137e y42f5 wa6 h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x943 y42f5 wa5 h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4192 w3bd h116\"><div class=\"t m0 x1ca h1a y40b1 ff3 fs6 fc1 sc0 lsea ws122\">Bonds<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe2a y4192 wa6 h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x917 y4192 w59 h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls1 ws0\">6<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13aa y4192 wa5 h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13bd y4192 wa5 h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y419e w3be h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 lsea ws27\">Investment funds<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1384 y419e wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1399 y419e wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13be y419e wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13bf y419e wa8 h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">5<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4108 w87 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Cas<span class=\"_ _0\"></span>h an<span class=\"_ _0\"></span>d cas<span class=\"_ _0\"></span>h eq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>vale<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13c0 y4108 wa6 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13c1 y4108 w70 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">17<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13be y4108 wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13c2 y4108 wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w3bf h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">Fai<span class=\"_ _0\"></span>r val<span class=\"_ _0\"></span>ue of pl<span class=\"_ _0\"></span>an as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x129e y40ae wa6 h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1397 y40ae w70 h118\"><div class=\"t m0 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">49<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13c3 y40ae wa5 h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x47c y40ae wa8 h118\"><div class=\"t m0 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls1 ws0\">5<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"t m0 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs8cf\">1. <span class=\"_ _15\"> </span>Ca<span class=\"_ _0\"></span>la a<span class=\"_ _0\"></span>nd U<span class=\"_ _0\"></span>S r<span class=\"_ _0\"></span>efl<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>e L<span class=\"_ _0\"></span>eg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>al A<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ca I<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>. C<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>h Ba<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e P<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>n as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts f<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>low<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ng t<span class=\"_ _0\"></span>he d<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>al of C<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>a.<span class=\"_ _3b2\"> </span></div><div class=\"gs8d0\"><table class=\"s w3c0 h1a0\" id=\"_03774d36-422b-41d2-b47b-faaa18c6b8aa\"><tr><td></td><td></td><td class=\"t m0 x13c4 h10 y45e8 ff4 fs9 fc1 sc0 ls18 ws32\">Valu<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on ba<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d on <span class=\"ff3 ls1 ws0\"> </span></td><td></td><td class=\"t m0 xb54 h10 y45e8 ff4 fs9 fc1 sc0 ls18 ws32\">Valu<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on ba<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d on othe<span class=\"_ _0\"></span>r tha<span class=\"_ _0\"></span>n </td></tr><tr><td></td><td></td><td class=\"t m0 x3ef hf y45e9 ff3 fs9 fc1 sc0 ls18 ws0\">qu<span class=\"_ _0\"></span>oted m<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ket p<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ce<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m0 xd44 h10 y45e9 ff4 fs9 fc1 sc0 ls18 ws32\">qu<span class=\"_ _0\"></span>oted<span class=\"_ gs6db\"> </span>m<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ket pr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m0 xd82 hf y45ea ff3 fs9 fc1 sc0 ls18 ws0\">Fun<span class=\"_ _0\"></span>d an<span class=\"_ _0\"></span>d Sc<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x4d4 hf y45ea ff3 fs9 fc1 sc0 ls18 ws0\">Cal<span class=\"_ _0\"></span>a an<span class=\"_ _0\"></span>d U<span class=\"_ _0\"></span>S<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x5b0 hf y45ea ff3 fs9 fc1 sc0 ls18 ws0\">Fun<span class=\"_ _0\"></span>d an<span class=\"_ _0\"></span>d Sc<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1381 hf y45ea ff3 fs9 fc1 sc0 ls18 ws0\">Cal<span class=\"_ _0\"></span>a an<span class=\"_ _0\"></span>d U<span class=\"_ _0\"></span>S<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 hf y45eb ff3 fs9 fc1 sc0 ls18 ws0\">As a<span class=\"_ _0\"></span>t 31 De<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>3<span class=\"_ _3b2\"> </span></td><td class=\"t m0 xac3 hf y45eb ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x433 hf y45eb ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c8 hf y45eb ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 hf y45eb ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y40c1 w3bc h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws118\">Equities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13bb y40c1 wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13c5 y40c1 w39 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">27<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x668 y40c1 wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13c6 y40c1 wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y419a w3bd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 lsea ws122\">Bonds<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe2a y419a wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13c7 y419a w75 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">6<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13b5 y419a wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x76a y419a wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w3be h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 lsea ws27\">Investment funds<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1384 y4121 wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa42 y4121 w39 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">42<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa43 y4121 wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13c8 y4121 w75 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ac w87 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Cas<span class=\"_ _0\"></span>h an<span class=\"_ _0\"></span>d cas<span class=\"_ _0\"></span>h eq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>vale<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13c0 y40ac wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13c9 y40ac w39 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">22<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13ca y40ac wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13af y40ac wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w3c1 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Fair v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e of pla<span class=\"_ _0\"></span>n ass<span class=\"_ _0\"></span>ets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1267 y40ae wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3da y40ae w39 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">97<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13cb y40ae wbf h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13cc y40ae w50 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs8d1\">Th<span class=\"_ _0\"></span>e followin<span class=\"_ _0\"></span>g amou<span class=\"_ _0\"></span>nts have be<span class=\"_ _0\"></span>en cha<span class=\"_ _0\"></span>rge<span class=\"_ _0\"></span>d to the inco<span class=\"_ _0\"></span>me state<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t:<span class=\"_ _3b2\"> </span></div><div class=\"gs8d2\"><table class=\"s w3c2 h1a1\" id=\"_c91b592e-2c24-4a30-a9cd-4e2eed2bf9d2\"><tr><td></td><td class=\"t m0 xd82 h13 y45ec ff5 fs9 fc1 sc0 ls37 ws3f\">Fund<span class=\"_ _1\"></span> and Scheme<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x4c4 h13 y45ec ff5 fs9 fc1 sc0 ls18 ws0\">Ca<span class=\"_ _0\"></span>la a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d US<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x5b0 hf y45ec ff3 fs9 fc1 sc0 ls18 ws0\">Fun<span class=\"_ _0\"></span>d an<span class=\"_ _0\"></span>d Sc<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1381 hf y45ec ff3 fs9 fc1 sc0 ls18 ws0\">Cal<span class=\"_ _0\"></span>a an<span class=\"_ _0\"></span>d U<span class=\"_ _0\"></span>S<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m0 x430 h13 y45ed ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x431 h13 y45ed ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c6 hf y45ed ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c7 hf y45ed ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m0 xac3 h13 y45ee ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x433 h13 y45ee ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c8 hf y45ee ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 hf y45ee ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y4121 w3c3 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls12e wsca\">Current<span class=\"_ _1\"></span> service cos<span class=\"_ _1\"></span>ts<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x131c y4121 wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13cd y4121 wa8 h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13ce y4121 w50 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13cf y4121 w50 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4158 w3c4 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws23\">Net in<span class=\"_ _1\"></span>tere<span class=\"_ _1\"></span>st expen<span class=\"_ _1\"></span>se<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13d0 y4158 wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13d1 y4158 wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13d2 y4158 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">26<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13d3 y4158 wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w3c5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws23\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> amounts included in other<span class=\"_ _1\"></span> expenses<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4aa y40ae wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13d4 y40ae w59 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13d5 y40ae w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">29<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb7a y40ae w50 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfProvisionsExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-658": {
   "value": "24<span class=\"_ _1\"></span><span class=\"lsb4 ws1ce\">. P<span class=\"_ _3\"></span>rov<span class=\"_ _3\"></span>isio<span class=\"_ _0\"></span>ns<span class=\"_ _3b2\"> </span></span>(i<span class=\"_ _1\"></span>) <span class=\"_ _8\"> </span>A<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>lysis of provi<span class=\"_ _0\"></span>sions<span class=\"_ _3b2\"> </span><table class=\"s w3a5 h19d\" id=\"_bb3dc25a-3d56-4441-923e-99d00c332dd0\"><tr><td></td><td></td><td class=\"t m2 x1c6 h13 y45d5 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y45d5 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x42e hf y45d6 ff3 fs9 fc1 sc0 lsee wsf5\">Note<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 h13 y45d6 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y45d6 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y4121 w280 h116\"><div class=\"t m2 x1ca h1a y40b1 ff3 fs6 fc1 sc0 lsea ws27\">Othe<span class=\"_ _0\"></span>r provisions<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x137a y4121 w1ff h116\"><div class=\"t m2 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls56 ws55\">24(ii)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x137b y4121 w4a h116\"><div class=\"t m2 x1ca h1a y40b1 ff5 fs6 fc1 sc0 ls56 ws55\">149<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x137c y4121 w42 h116\"><div class=\"t m2 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls56 ws55\">244<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4158 w3a6 h116\"><div class=\"t m2 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls1 ws23\">Retir<span class=\"_ _1\"></span>ement bene<span class=\"_ _1\"></span>fit obli<span class=\"_ _1\"></span>gation<span class=\"_ _1\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x137d y4158 w3a7 h116\"><div class=\"t m2 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls56 ws55\">24(iii)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x137e y4158 w59 h116\"><div class=\"t m2 x1ca h1a y40b1 ff5 fs6 fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x53d y4158 w39 h116\"><div class=\"t m2 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls56 ws55\">14<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w3a8 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> provi<span class=\"_ _1\"></span>sions<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x137f y40ae w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">152<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1380 y40ae w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">258<span class=\"_ _3b2\"> </span></div></td></tr></table>(ii) <span class=\"_ _36\"> </span>Ot<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span> prov<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>sion<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span>Ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r provisi<span class=\"_ _0\"></span>ons i<span class=\"_ _0\"></span>ncl<span class=\"_ _0\"></span>ude c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ts that th<span class=\"_ _0\"></span>e As<span class=\"_ _0\"></span>set M<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ent d<span class=\"_ _0\"></span>ivis<span class=\"_ _0\"></span>ion is c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>mit<span class=\"_ _3\"></span>ted to incur o<span class=\"_ _0\"></span>n the e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>tensio<span class=\"_ _0\"></span>n of its e<span class=\"_ _0\"></span>xisti<span class=\"_ _0\"></span>ng par<span class=\"_ _3\"></span>tne<span class=\"_ _0\"></span>rsh<span class=\"_ _0\"></span>ip wit<span class=\"_ _0\"></span>h S<span class=\"_ _0\"></span>tate<span class=\"_ gsec\"> </span>S<span class=\"_ _0\"></span>tre<span class=\"_ _0\"></span>et an<span class=\"_ _0\"></span>nou<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ed in 20<span class=\"_ _0\"></span>21, <span class=\"_ _1\"></span>to increa<span class=\"_ _0\"></span>se the use of Char<span class=\"_ _0\"></span>les Ri<span class=\"_ _0\"></span>ver tec<span class=\"_ _0\"></span>hno<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>gy acr<span class=\"_ _0\"></span>oss the fro<span class=\"_ _0\"></span>nt of<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ce and to deli<span class=\"_ _0\"></span>ver mid<span class=\"_ _0\"></span>dle of<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ce se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces<span class=\"_ _0\"></span> goin<span class=\"_ _0\"></span>g<span class=\"_ gsec\"> </span>for<span class=\"_ _0\"></span>ward<span class=\"_ _0\"></span>. Co<span class=\"_ _0\"></span>sts inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>e the tra<span class=\"_ _0\"></span>nsfer of data and op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ation<span class=\"_ _0\"></span>s to State S<span class=\"_ _0\"></span>tre<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>, as well as the impl<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>enta<span class=\"_ _0\"></span>tion of the new o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ratin<span class=\"_ _0\"></span>g mod<span class=\"_ _0\"></span>el.<span class=\"_ _0\"></span> Th<span class=\"_ _0\"></span>e<span class=\"_ gsec\"> </span>amo<span class=\"_ _0\"></span>unts in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d in the provisi<span class=\"_ _0\"></span>on have be<span class=\"_ _0\"></span>en de<span class=\"_ _0\"></span>termi<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>d on a best es<span class=\"_ _0\"></span>timate basis by referen<span class=\"_ _0\"></span>ce to a range of plau<span class=\"_ _0\"></span>sibl<span class=\"_ _0\"></span>e sce<span class=\"_ _0\"></span>nar<span class=\"_ _0\"></span>ios<span class=\"_ _0\"></span>, tak<span class=\"_ _0\"></span>ing<span class=\"_ gsec\"> </span>in<span class=\"_ _0\"></span>to<span class=\"_ gsec\"> </span>acc<span class=\"_ _0\"></span>ount th<span class=\"_ _0\"></span>e mult<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>-ye<span class=\"_ _0\"></span>ar imp<span class=\"_ _0\"></span>lem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n per<span class=\"_ _0\"></span>iod for th<span class=\"_ _0\"></span>e proje<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>. As at 31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2024<span class=\"_ _0\"></span>, the ou<span class=\"_ _0\"></span>tst<span class=\"_ _0\"></span>andi<span class=\"_ _0\"></span>ng provi<span class=\"_ _0\"></span>sion was \u00a36<span class=\"_ _0\"></span>5m<span class=\"_ _0\"></span> (31 Dec<span class=\"_ _0\"></span>emb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3: \u00a3108m).<span class=\"_ _3b2\"> </span>(<span class=\"_ _1\"></span>ii<span class=\"_ _0\"></span>i) <span class=\"_ _14\"> </span>Ret<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>rement benefit obligations<span class=\"_ _3b2\"> </span>Def<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>d cont<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ibut<span class=\"_ _0\"></span>ion s<span class=\"_ _0\"></span>cheme<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Group o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>rates the followi<span class=\"_ _0\"></span>ng pri<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>pal def<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>ed co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n pens<span class=\"_ _0\"></span>ion sc<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>mes in th<span class=\"_ _0\"></span>e UK and over<span class=\"_ _0\"></span>seas<span class=\"_ _0\"></span>:<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\"> <span class=\"_ _b\"></span>Legal &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>l Grou<span class=\"_ _0\"></span>p Pe<span class=\"_ _0\"></span>rso<span class=\"_ _0\"></span>nal Pe<span class=\"_ _0\"></span>nsio<span class=\"_ _0\"></span>n Pla<span class=\"_ _0\"></span>n (U<span class=\"_ _0\"></span>K<span class=\"_ _0\"></span>)<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">Leg<span class=\"_ _0\"></span>al &amp; Ge<span class=\"_ _0\"></span>ner<span class=\"_ _0\"></span>al S<span class=\"_ _0\"></span>taf<span class=\"_ _0\"></span>f S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>akeho<span class=\"_ _0\"></span>ld<span class=\"_ _0\"></span>er Pe<span class=\"_ _0\"></span>nsio<span class=\"_ _0\"></span>n S<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me (<span class=\"_ _0\"></span>UK<span class=\"_ _0\"></span>)<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">Leg<span class=\"_ _0\"></span>al &amp; Gene<span class=\"_ _0\"></span>ral A<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>ric<span class=\"_ _0\"></span>a Inc<span class=\"_ _0\"></span>. Savi<span class=\"_ _0\"></span>ngs Pla<span class=\"_ _0\"></span>n (US).<span class=\"_ _3b2\"> </span></span>Th<span class=\"_ _0\"></span>e Group p<span class=\"_ _0\"></span>revio<span class=\"_ _0\"></span>usl<span class=\"_ _0\"></span>y ope<span class=\"_ _0\"></span>rated the C<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>L<span class=\"_ _0\"></span>A def<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>ed c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n pen<span class=\"_ _0\"></span>sio<span class=\"_ _0\"></span>n sche<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>, until the dis<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>sal of Cala co<span class=\"_ _0\"></span>mpl<span class=\"_ _0\"></span>eted on 31 Oc<span class=\"_ _0\"></span>tobe<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>24.<span class=\"_ _3b2\"> </span>Co<span class=\"_ _0\"></span>ntri<span class=\"_ _0\"></span>bu<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s of \u00a31<span class=\"_ _1\"></span>09<span class=\"_ _0\"></span>m (202<span class=\"_ _0\"></span>3: \u00a3102m) were made du<span class=\"_ _0\"></span>rin<span class=\"_ _0\"></span>g year in resp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t of defin<span class=\"_ _0\"></span>ed c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n sch<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>es.<span class=\"_ _3b2\"> </span>Def<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ned b<span class=\"_ _0\"></span>enef<span class=\"_ _0\"></span>it scheme<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Group c<span class=\"_ _0\"></span>urre<span class=\"_ _0\"></span>ntl<span class=\"_ _0\"></span>y ope<span class=\"_ _0\"></span>rates the Le<span class=\"_ _0\"></span>gal &amp; Gen<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Am<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>ca In<span class=\"_ _0\"></span>c. Cas<span class=\"_ _0\"></span>h Bala<span class=\"_ _0\"></span>nce Pl<span class=\"_ _0\"></span>an (U<span class=\"_ _0\"></span>S) defi<span class=\"_ _0\"></span>ned b<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>t sch<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>e. Th<span class=\"_ _0\"></span>e last full ac<span class=\"_ _0\"></span>tua<span class=\"_ _0\"></span>rial valu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n was as at 31 Dece<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>24.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Group p<span class=\"_ _0\"></span>revio<span class=\"_ _0\"></span>usl<span class=\"_ _0\"></span>y ope<span class=\"_ _0\"></span>rated the foll<span class=\"_ _0\"></span>owing d<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>ned b<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>t pen<span class=\"_ _0\"></span>sion s<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>s in the UK<span class=\"_ _0\"></span>:<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\"> <span class=\"_ _b\"></span>Legal &amp; Gen<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Grou<span class=\"_ _0\"></span>p UK Pen<span class=\"_ _0\"></span>sion an<span class=\"_ _0\"></span>d Ass<span class=\"_ _0\"></span>uran<span class=\"_ _0\"></span>ce Fun<span class=\"_ _0\"></span>d (the Fund). T<span class=\"_ _0\"></span>he Fund was clo<span class=\"_ _0\"></span>sed to new me<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>rs fro<span class=\"_ _0\"></span>m Janu<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y 1995<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\"> <span class=\"_ _b\"></span>Legal &amp; Gen<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Grou<span class=\"_ _0\"></span>p UK Se<span class=\"_ _0\"></span>nio<span class=\"_ _0\"></span>r Pens<span class=\"_ _0\"></span>ion S<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>e (the Sc<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>me). The Sc<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>me was, wi<span class=\"_ _0\"></span>th a few exceptio<span class=\"_ _0\"></span>ns (p<span class=\"_ _0\"></span>rin<span class=\"_ _0\"></span>cip<span class=\"_ _0\"></span>ally tr<span class=\"_ _0\"></span>ansfer<span class=\"_ _0\"></span>s from the Fun<span class=\"_ _0\"></span>d)<span class=\"_ _0\"></span>, </span>clo<span class=\"_ _0\"></span>sed to new m<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>rs fro<span class=\"_ _0\"></span>m Au<span class=\"_ _0\"></span>gust 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0 and f<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>ally c<span class=\"_ _0\"></span>los<span class=\"_ _0\"></span>ed to new m<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>rs fro<span class=\"_ _0\"></span>m A<span class=\"_ _0\"></span>pril 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>07<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">CA<span class=\"_ _0\"></span>L<span class=\"_ _3\"></span>A Retirem<span class=\"_ _0\"></span>ent an<span class=\"_ _0\"></span>d Deat<span class=\"_ _0\"></span>h Ben<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>its S<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me (<span class=\"_ _0\"></span>UK<span class=\"_ _0\"></span>). Thi<span class=\"_ _0\"></span>s sche<span class=\"_ _0\"></span>me cl<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>d to new memb<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s from 31 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>07 an<span class=\"_ _0\"></span>d clos<span class=\"_ _0\"></span>ed to future ac<span class=\"_ _0\"></span>cr<span class=\"_ _0\"></span>ual<span class=\"_ _0\"></span> </span>on 31 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 2018.<span class=\"_ _3b2\"> </span>Ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tai<span class=\"_ _0\"></span>n par<span class=\"_ _0\"></span>ts of the lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ties of the Fund an<span class=\"_ _0\"></span>d the Sc<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>me had pre<span class=\"_ _0\"></span>vio<span class=\"_ _0\"></span>usly b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n sec<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>d by way <span class=\"_ _1\"></span>of annui<span class=\"_ _0\"></span>ties pu<span class=\"_ _0\"></span>rch<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>d from the Gr<span class=\"_ _0\"></span>oup, whi<span class=\"_ _0\"></span>ch were<span class=\"_ _0\"></span> not<span class=\"_ gsec\"> </span>re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d as an asset for I<span class=\"_ _0\"></span>AS 19 <span class=\"_ _1\"></span>pur<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>. In Apr<span class=\"_ _0\"></span>il 20<span class=\"_ _0\"></span>23<span class=\"_ _0\"></span>, Ass<span class=\"_ _0\"></span>ured Pay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt Poli<span class=\"_ _0\"></span>cie<span class=\"_ _0\"></span>s (AP<span class=\"_ _0\"></span>Ps), previo<span class=\"_ _0\"></span>usl<span class=\"_ _0\"></span>y trans<span class=\"_ _0\"></span>acte<span class=\"_ _0\"></span>d bet<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n the Gro<span class=\"_ _0\"></span>up\u2019s UK def<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d be<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>it pe<span class=\"_ _0\"></span>nsio<span class=\"_ _0\"></span>n sch<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>es and Le<span class=\"_ _0\"></span>gal and G<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>ral A<span class=\"_ _0\"></span>ssur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e S<span class=\"_ _0\"></span>oci<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>y Lim<span class=\"_ _0\"></span>ited (LG<span class=\"_ _0\"></span>AS), were su<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>d at their ca<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing val<span class=\"_ _0\"></span>ue of \u00a38<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>9m and co<span class=\"_ _0\"></span>nver<span class=\"_ _3\"></span>ted into annuit<span class=\"_ _0\"></span>y c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>s. An ad<span class=\"_ _0\"></span>diti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>al top<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>up co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of \u00a31<span class=\"_ _1\"></span>83<span class=\"_ _0\"></span>m, pr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ed on an ar<span class=\"_ _0\"></span>m\u2019s leng<span class=\"_ _0\"></span>th basis<span class=\"_ _0\"></span>, was paid to LGAS by the def<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d be<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>it pe<span class=\"_ _0\"></span>nsio<span class=\"_ _0\"></span>n sch<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>es as par<span class=\"_ _0\"></span>t of the tra<span class=\"_ _0\"></span>nsa<span class=\"_ _0\"></span>ctio<span class=\"_ _0\"></span>n, ma<span class=\"_ _0\"></span>kin<span class=\"_ _0\"></span>g a total contr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n for new annu<span class=\"_ _0\"></span>itie<span class=\"_ _0\"></span>s of \u00a31<span class=\"_ _1\"></span>,0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2m<span class=\"_ _0\"></span>. This res<span class=\"_ _0\"></span>ulted in bot<span class=\"_ _0\"></span>h pen<span class=\"_ _0\"></span>sio<span class=\"_ _0\"></span>n sche<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>s bein<span class=\"_ _0\"></span>g full<span class=\"_ _0\"></span>y covere<span class=\"_ _0\"></span>d by annui<span class=\"_ _0\"></span>ty c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>ts. Th<span class=\"_ _0\"></span>e T<span class=\"_ _4\"></span>r<span class=\"_ _0\"></span>uste<span class=\"_ _0\"></span>es co<span class=\"_ _0\"></span>mpl<span class=\"_ _0\"></span>eted a buyo<span class=\"_ _0\"></span>ut of the Fund an<span class=\"_ _0\"></span>d the S<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me in Nove<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>23<span class=\"_ _0\"></span>, and th<span class=\"_ _0\"></span>e existi<span class=\"_ _0\"></span>ng annu<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y po<span class=\"_ _0\"></span>lici<span class=\"_ _0\"></span>es were excha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>d for indi<span class=\"_ _0\"></span>vidu<span class=\"_ _0\"></span>al pol<span class=\"_ _0\"></span>icie<span class=\"_ _0\"></span>s bet<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n LGA<span class=\"_ _0\"></span>S and<span class=\"_ gsec\"> </span>me<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s. As a resu<span class=\"_ _0\"></span>lt<span class=\"_ _0\"></span>, all the Grou<span class=\"_ _0\"></span>p\u2019s obligat<span class=\"_ _0\"></span>ions un<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r the pe<span class=\"_ _0\"></span>nsio<span class=\"_ _0\"></span>n sch<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>s were full<span class=\"_ _0\"></span>y ex<span class=\"_ _0\"></span>ting<span class=\"_ _0\"></span>uish<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>, and the def<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span> ben<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>it ob<span class=\"_ _0\"></span>ligati<span class=\"_ _0\"></span>on as<span class=\"_ gsec\"> </span>at<span class=\"_ gsec\"> </span>th<span class=\"_ _0\"></span>e set<span class=\"_ _0\"></span>tle<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt date of \u00a31<span class=\"_ _1\"></span>,470<span class=\"_ _0\"></span>m was therefo<span class=\"_ _0\"></span>re dere<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>. On the sa<span class=\"_ _0\"></span>me date, the G<span class=\"_ _0\"></span>roup re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed the dir<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t liabili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y to th<span class=\"_ _0\"></span>e me<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s wi<span class=\"_ _0\"></span>thin insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>ct liabili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s. The dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e bet<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n the defin<span class=\"_ _0\"></span>ed be<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>it obli<span class=\"_ _0\"></span>gatio<span class=\"_ _0\"></span>n at this <span class=\"_ _1\"></span>date and the fair value of <span class=\"_ _1\"></span>the insur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e contract liabili<span class=\"_ _0\"></span>ties re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ised u<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>r IF<span class=\"_ _0\"></span>RS 17 resulted i<span class=\"_ _0\"></span>n \u00a316<span class=\"_ _1\"></span>7m bein<span class=\"_ _0\"></span>g rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in the C<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>nsol<span class=\"_ _0\"></span>idated I<span class=\"_ _0\"></span>nco<span class=\"_ _0\"></span>me S<span class=\"_ _3\"></span>tateme<span class=\"_ _0\"></span>nt in 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3 as set<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span> cos<span class=\"_ _0\"></span>ts. T<span class=\"_ _0\"></span>his<span class=\"_ gsec\"> </span>ref<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>cts me<span class=\"_ _0\"></span>asure<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>es bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en IF<span class=\"_ _0\"></span>RS 1<span class=\"_ _1\"></span>7 and IA<span class=\"_ _0\"></span>S 1<span class=\"_ _1\"></span>9, princ<span class=\"_ _0\"></span>ipal<span class=\"_ _0\"></span>ly co<span class=\"_ _0\"></span>mpr<span class=\"_ _0\"></span>isin<span class=\"_ _0\"></span>g of the assoc<span class=\"_ _0\"></span>iated C<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>M and risk ad<span class=\"_ _0\"></span>just<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t.<span class=\"_ _0\"></span> Th<span class=\"_ _0\"></span>e Fund and the S<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>e still ho<span class=\"_ _0\"></span>ld mini<span class=\"_ _0\"></span>mal resid<span class=\"_ _0\"></span>ual ass<span class=\"_ _0\"></span>ets whic<span class=\"_ _0\"></span>h are expe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted to meet the c<span class=\"_ _0\"></span>ost of wind<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>p expe<span class=\"_ _0\"></span>nse<span class=\"_ _0\"></span>s. Th<span class=\"_ _0\"></span>e Fund exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ts to<span class=\"_ gsec\"> </span>com<span class=\"_ _0\"></span>plete the<span class=\"_ _0\"></span>ir wind<span class=\"_ _3\"></span>-u<span class=\"_ _0\"></span>p in 2025 an<span class=\"_ _0\"></span>d the S<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me in 20<span class=\"_ _0\"></span>26<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Foll<span class=\"_ _0\"></span>owing the disp<span class=\"_ _0\"></span>osal of Cala, whic<span class=\"_ _0\"></span>h com<span class=\"_ _0\"></span>plete<span class=\"_ _0\"></span>d on 31 <span class=\"_ _1\"></span>Octob<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>24, the Grou<span class=\"_ _0\"></span>p no longe<span class=\"_ _0\"></span>r ope<span class=\"_ _0\"></span>rates the CAL<span class=\"_ _3\"></span>A Retirem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t and Death Ben<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>its Sc<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>me.<span class=\"_ _3b2\"> </span><table class=\"s w3a9 h19e\" id=\"_168e3b4e-76d7-45b1-8af1-7952943ef042\"><tr><td></td><td></td><td class=\"t m2 xd82 h13 y45d7 ff5 fs9 fc1 sc0 ls37 ws3f\">Fund<span class=\"_ _1\"></span> and Scheme<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x4c4 h13 y45d7 ff5 fs9 fc1 sc0 ls18 ws0\">Ca<span class=\"_ _0\"></span>la a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d US<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x5b0 hf y45d7 ff3 fs9 fc1 sc0 ls18 ws0\">Fun<span class=\"_ _0\"></span>d an<span class=\"_ _0\"></span>d Sc<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1381 hf y45d7 ff3 fs9 fc1 sc0 ls18 ws0\">Cal<span class=\"_ _0\"></span>a an<span class=\"_ _0\"></span>d U<span class=\"_ _0\"></span>S<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td></td><td class=\"t m2 x430 h13 y45d8 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x431 h13 y45d8 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c6 hf y45d8 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y45d8 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td></td><td class=\"t m2 xac3 h13 y45d9 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x433 h13 y45d9 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 hf y45d9 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y45d9 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 hb y45da ff6 fs6 fc1 sc0 ls56 ws55\">Move<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t in pr<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t val<span class=\"_ _0\"></span>ue of de<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>d be<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>it ob<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>ga<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ns<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y45db w1d8 h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws0\">As a<span class=\"_ _0\"></span>t 1 Ja<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1217 y45db wa5 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1382 y45db w3a h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(115)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1383 y45db w34 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(1,480)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1f2 y45db w3b h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(105)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y45dc w3aa h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls12e wsca\">Current<span class=\"_ _1\"></span> service cos<span class=\"_ _1\"></span>t<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1384 y45dc wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1385 y45dc w67 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(4)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1386 y45dc w6a h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(3)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1387 y45dc w6a h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(4)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y45dd wcb h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws23\">Int<span class=\"_ _1\"></span>erest<span class=\"_ _1\"></span> expense<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1388 y45dd wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1389 y45dd w67 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(2)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x138a y45dd w71 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(64)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x138b y45dd w6a h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(5)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 hc y45de ff4 fs6 fc1 sc0 ls57 ws2c\">Act<span class=\"_ _0\"></span>uar<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>l remea<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t (<span class=\"_ _1\"></span>rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nis<span class=\"_ _0\"></span>ed in the Cons<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>idate<span class=\"_ _0\"></span>d St<span class=\"_ _0\"></span>atem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t of<span class=\"_ gs5e1\"> </span>Com<span class=\"_ _0\"></span>pre<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>nsi<span class=\"_ _0\"></span>ve<span class=\"_ gs5e1\"> </span>In<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me)<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y447b w114 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y447b w3ab h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Change in financial assumptions<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x120e y447b wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x138c y447b wa8 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x138d y447b w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">70<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x138e y447b w6a h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(5)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y45df w114 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y45df w3ac h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls11e ws5c\">Change in<span class=\"_ _1\"></span> demographic assump<span class=\"_ _1\"></span>tions<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa67 y45df wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa68 y45df wa6 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x138f y45df w5a h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(20)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1390 y45df w50 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40b2 w114 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y40b2 w3ad h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">Experience<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc35 y40b2 wa6 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1391 y40b2 w6d h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(2)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8df y40b2 w71 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(37)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1392 y40b2 wc0 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(5)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4501 w3ae h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws23\">Benefits p<span class=\"_ _1\"></span>aid<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n xe66 y4501 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1393 y4501 w59 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7a5 y4501 w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">64<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x927 y4501 w75 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">5<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40b4 w3af h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws23\">Exchange d<span class=\"_ _1\"></span>ifferences<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1394 y40b4 wa6 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1395 y40b4 w6d h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(1)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x590 y40b4 wbd h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1396 y40b4 w75 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40b5 w3b0 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Dis<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>sal of C<span class=\"_ _0\"></span>ala<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x129e y40b5 wa6 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1397 y40b5 w70 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">63<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x621 y40b5 wbd h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1398 y40b5 wbd h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4351 w3b1 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls112 ws6\">Set<span class=\"_ _0\"></span>tle<span class=\"_ _0\"></span>ment<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1384 y4351 wa5 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1399 y4351 wa5 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x139a y4351 w30 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,470<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb65 y4351 wbd h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4168 w1db h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls12e wsca\">As at<span class=\"_ _1\"></span> 31<span class=\"_ _1\"></span> December<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x12cf y4168 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x139b y4168 waf h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(57)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x619 y4168 wbd h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x139c y4168 w3b h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(115)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 hb y45e0 ff6 fs6 fc1 sc0 ls56 ws55\">Move<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t in fai<span class=\"_ _0\"></span>r val<span class=\"_ _0\"></span>ue of pl<span class=\"_ _0\"></span>an as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y40ba w1d8 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws0\">As a<span class=\"_ _0\"></span>t 1 Ja<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1217 y40ba wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x139d y40ba w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">101<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x139e y40ba w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">868<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x42a y40ba w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">100<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y42f1 w3b2 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted r<span class=\"_ _0\"></span>etu<span class=\"_ _0\"></span>rn o<span class=\"_ _0\"></span>n pla<span class=\"_ _0\"></span>n ass<span class=\"_ _0\"></span>ets a<span class=\"_ _0\"></span>t lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y dis<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>t rate<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1384 y42f1 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6c8 y42f1 wa8 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x139f y42f1 w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">38<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13a0 y42f1 w50 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">5<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40bc w3b3 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls57 ws2c\">Act<span class=\"_ _0\"></span>uar<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>l remea<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t (<span class=\"_ _1\"></span>rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nis<span class=\"_ _0\"></span>ed in the Cons<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>idate<span class=\"_ _0\"></span>d St<span class=\"_ _0\"></span>atem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t of<span class=\"_ gs5e1\"> </span>Com<span class=\"_ _0\"></span>pre<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>nsi<span class=\"_ _0\"></span>ve<span class=\"_ gs5e1\"> </span>In<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me)<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x13a1 y40bc wa5 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13a2 y40bc w59 h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws0\">9<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13a3 y40bc w39 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">53<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13a4 y40bc w6a h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(4)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40bd w3b4 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">Employer contributions<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x13a5 y40bd wa6 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x689 y40bd w59 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13a6 y40bd w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">127<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb7d y40bd w50 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40be w3ae h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws23\">Benefits p<span class=\"_ _1\"></span>aid<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n xe66 y40be wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13a7 y40be w67 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(2)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13a8 y40be w71 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(64)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13a9 y40be w6a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(5)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40bf w3af h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws23\">Exchange d<span class=\"_ _1\"></span>ifferences<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1394 y40bf wa6 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x917 y40bf w59 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13aa y40bf wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13ab y40bf wc0 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(2)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c0 w3b0 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Dis<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>sal of C<span class=\"_ _0\"></span>ala<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x129e y40c0 wa6 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13ac y40c0 w41 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(64)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13ad y40c0 wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcad y40c0 wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4199 w3b5 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10a ws5a\">Purchase of<span class=\"_ _1\"></span> non<span class=\"_ _0\"></span>-plan asset annuities<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x11f9 y4199 wa5 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x922 y4199 wa6 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13ae y4199 w34 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(1,022)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13af y4199 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y419a w1db h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls12e wsca\">As at<span class=\"_ _1\"></span> 31<span class=\"_ _1\"></span> December<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x12cf y419a wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13b0 y419a w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">54<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13b1 y419a wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x654 y419a w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">101<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w3b6 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">Gr<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>s de<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>d be<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>it pe<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n de<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>t inc<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d in prov<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1340 y4121 wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6aa y4121 w67 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(3)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13b2 y4121 wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13b3 y4121 w71 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(14)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ac w3b7 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Defe<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>ed ta<span class=\"_ _0\"></span>x o<span class=\"_ _0\"></span>n def<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t pe<span class=\"_ _0\"></span>nsi<span class=\"_ _0\"></span>on d<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>ici<span class=\"_ _0\"></span>t<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x13a5 y40ac wa6 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x689 y40ac w59 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa2a y40ac wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x93e y40ac w50 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w3b8 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls12e wsca\">Net defined benefit<span class=\"_ _1\"></span> pension deficit<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x13a1 y40ae wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13b4 y40ae w6d h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(2)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13b5 y40ae wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13b6 y40ae w71 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(11)<span class=\"_ _3b2\"> </span></div></td></tr></table>Th<span class=\"_ _0\"></span>e fair value of the pla<span class=\"_ _0\"></span>n assets at the e<span class=\"_ _0\"></span>nd of the year is made up as foll<span class=\"_ _0\"></span>ows:<span class=\"_ _3b2\"> </span><table class=\"s w3b9 h19f\" id=\"_62ef137c-373e-418e-9070-36249307f967\"><tr><td></td><td></td><td class=\"t m0 x3ef h13 y45e1 ff5 fs9 fc1 sc0 ls3b ws4d\">Valuation<span class=\"_ _1\"></span> based on <span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></td><td></td><td class=\"t m0 x9f7 h13 y45e1 ff5 fs9 fc1 sc0 ls18 ws0\">Valu<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d on o<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>n </td></tr><tr><td></td><td></td><td class=\"t m0 x57d h13 y45e2 ff5 fs9 fc1 sc0 ls37 ws3f\">quoted m<span class=\"_ _1\"></span>arket<span class=\"_ _1\"></span> price<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m0 x495 h13 y45e2 ff6 fs9 fc1 sc0 ls18 ws32\">qu<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>ed<span class=\"_ gs6da\"> </span>m<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>rke<span class=\"_ _0\"></span>t pr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m0 xd82 h13 y45e3 ff5 fs9 fc1 sc0 ls37 ws3f\">Fund<span class=\"_ _1\"></span> and Scheme<span class=\"_ _3b2\"> </span></td><td class=\"c x13b8 y45e4 w3ba h123\"><div class=\"t m0 x1ca h13 y40ef ff5 fs9 fc1 sc0 ls18 ws0\">Ca<span class=\"_ _0\"></span>la a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d US</div><div class=\"t m0 x13b7 h99 y40f0 ff5 fs1b fc1 sc0 ls1 ws0\">1</div></td><td class=\"t m0 x5ae h13 y45e5 ff5 fs9 fc1 sc0 ls37 ws3f\">Fund<span class=\"_ _1\"></span> and Scheme<span class=\"_ _3b2\"> </span></td><td class=\"c x13ba y45e4 w3bb h123\"><div class=\"t m0 x1ca h13 y40ef ff5 fs9 fc1 sc0 ls18 ws0\">Ca<span class=\"_ _0\"></span>la a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d US</div><div class=\"t m0 x13b9 h99 y40f0 ff5 fs1b fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 h13 y45e6 ff5 fs9 fc1 sc0 ls18 ws0\">As a<span class=\"_ _0\"></span>t 31 De<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>4<span class=\"_ _3b2\"> </span></td><td class=\"t m0 xac3 h13 y45e6 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x433 h13 y45e7 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c8 h13 y45e7 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 h13 y45e7 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y42f5 w3bc h116\"><div class=\"t m0 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls10a ws118\">Equities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13bb y42f5 wa5 h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13bc y42f5 w7b h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls56 ws55\">26<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x137e y42f5 wa6 h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x943 y42f5 wa5 h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4192 w3bd h116\"><div class=\"t m0 x1ca h1a y40b1 ff3 fs6 fc1 sc0 lsea ws122\">Bonds<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe2a y4192 wa6 h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x917 y4192 w59 h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls1 ws0\">6<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13aa y4192 wa5 h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13bd y4192 wa5 h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y419e w3be h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 lsea ws27\">Investment funds<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1384 y419e wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1399 y419e wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13be y419e wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13bf y419e wa8 h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">5<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4108 w87 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Cas<span class=\"_ _0\"></span>h an<span class=\"_ _0\"></span>d cas<span class=\"_ _0\"></span>h eq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>vale<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13c0 y4108 wa6 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13c1 y4108 w70 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">17<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13be y4108 wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13c2 y4108 wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w3bf h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">Fai<span class=\"_ _0\"></span>r val<span class=\"_ _0\"></span>ue of pl<span class=\"_ _0\"></span>an as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x129e y40ae wa6 h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1397 y40ae w70 h118\"><div class=\"t m0 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">49<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13c3 y40ae wa5 h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x47c y40ae wa8 h118\"><div class=\"t m0 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls1 ws0\">5<span class=\"_ _3b2\"> </span></div></td></tr></table>1. <span class=\"_ _15\"> </span>Ca<span class=\"_ _0\"></span>la a<span class=\"_ _0\"></span>nd U<span class=\"_ _0\"></span>S r<span class=\"_ _0\"></span>efl<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>e L<span class=\"_ _0\"></span>eg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>al A<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ca I<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>. C<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>h Ba<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e P<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>n as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts f<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>low<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ng t<span class=\"_ _0\"></span>he d<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>al of C<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>a.<span class=\"_ _3b2\"> </span><table class=\"s w3c0 h1a0\" id=\"_03774d36-422b-41d2-b47b-faaa18c6b8aa\"><tr><td></td><td></td><td class=\"t m0 x13c4 h10 y45e8 ff4 fs9 fc1 sc0 ls18 ws32\">Valu<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on ba<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d on <span class=\"ff3 ls1 ws0\"> </span></td><td></td><td class=\"t m0 xb54 h10 y45e8 ff4 fs9 fc1 sc0 ls18 ws32\">Valu<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on ba<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d on othe<span class=\"_ _0\"></span>r tha<span class=\"_ _0\"></span>n </td></tr><tr><td></td><td></td><td class=\"t m0 x3ef hf y45e9 ff3 fs9 fc1 sc0 ls18 ws0\">qu<span class=\"_ _0\"></span>oted m<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ket p<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ce<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m0 xd44 h10 y45e9 ff4 fs9 fc1 sc0 ls18 ws32\">qu<span class=\"_ _0\"></span>oted<span class=\"_ gs6db\"> </span>m<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ket pr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m0 xd82 hf y45ea ff3 fs9 fc1 sc0 ls18 ws0\">Fun<span class=\"_ _0\"></span>d an<span class=\"_ _0\"></span>d Sc<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x4d4 hf y45ea ff3 fs9 fc1 sc0 ls18 ws0\">Cal<span class=\"_ _0\"></span>a an<span class=\"_ _0\"></span>d U<span class=\"_ _0\"></span>S<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x5b0 hf y45ea ff3 fs9 fc1 sc0 ls18 ws0\">Fun<span class=\"_ _0\"></span>d an<span class=\"_ _0\"></span>d Sc<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1381 hf y45ea ff3 fs9 fc1 sc0 ls18 ws0\">Cal<span class=\"_ _0\"></span>a an<span class=\"_ _0\"></span>d U<span class=\"_ _0\"></span>S<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 hf y45eb ff3 fs9 fc1 sc0 ls18 ws0\">As a<span class=\"_ _0\"></span>t 31 De<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>3<span class=\"_ _3b2\"> </span></td><td class=\"t m0 xac3 hf y45eb ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x433 hf y45eb ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c8 hf y45eb ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 hf y45eb ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y40c1 w3bc h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws118\">Equities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13bb y40c1 wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13c5 y40c1 w39 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">27<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x668 y40c1 wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13c6 y40c1 wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y419a w3bd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 lsea ws122\">Bonds<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe2a y419a wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13c7 y419a w75 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">6<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13b5 y419a wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x76a y419a wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w3be h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 lsea ws27\">Investment funds<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1384 y4121 wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa42 y4121 w39 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">42<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa43 y4121 wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13c8 y4121 w75 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ac w87 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Cas<span class=\"_ _0\"></span>h an<span class=\"_ _0\"></span>d cas<span class=\"_ _0\"></span>h eq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>vale<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13c0 y40ac wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13c9 y40ac w39 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">22<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13ca y40ac wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13af y40ac wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w3c1 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Fair v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e of pla<span class=\"_ _0\"></span>n ass<span class=\"_ _0\"></span>ets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1267 y40ae wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3da y40ae w39 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">97<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13cb y40ae wbf h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13cc y40ae w50 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td></tr></table>Th<span class=\"_ _0\"></span>e followin<span class=\"_ _0\"></span>g amou<span class=\"_ _0\"></span>nts have be<span class=\"_ _0\"></span>en cha<span class=\"_ _0\"></span>rge<span class=\"_ _0\"></span>d to the inco<span class=\"_ _0\"></span>me state<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t:<span class=\"_ _3b2\"> </span><table class=\"s w3c2 h1a1\" id=\"_c91b592e-2c24-4a30-a9cd-4e2eed2bf9d2\"><tr><td></td><td class=\"t m0 xd82 h13 y45ec ff5 fs9 fc1 sc0 ls37 ws3f\">Fund<span class=\"_ _1\"></span> and Scheme<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x4c4 h13 y45ec ff5 fs9 fc1 sc0 ls18 ws0\">Ca<span class=\"_ _0\"></span>la a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d US<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x5b0 hf y45ec ff3 fs9 fc1 sc0 ls18 ws0\">Fun<span class=\"_ _0\"></span>d an<span class=\"_ _0\"></span>d Sc<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1381 hf y45ec ff3 fs9 fc1 sc0 ls18 ws0\">Cal<span class=\"_ _0\"></span>a an<span class=\"_ _0\"></span>d U<span class=\"_ _0\"></span>S<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m0 x430 h13 y45ed ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x431 h13 y45ed ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c6 hf y45ed ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c7 hf y45ed ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m0 xac3 h13 y45ee ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x433 h13 y45ee ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c8 hf y45ee ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 hf y45ee ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y4121 w3c3 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls12e wsca\">Current<span class=\"_ _1\"></span> service cos<span class=\"_ _1\"></span>ts<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x131c y4121 wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13cd y4121 wa8 h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13ce y4121 w50 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13cf y4121 w50 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4158 w3c4 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws23\">Net in<span class=\"_ _1\"></span>tere<span class=\"_ _1\"></span>st expen<span class=\"_ _1\"></span>se<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13d0 y4158 wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13d1 y4158 wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13d2 y4158 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">26<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13d3 y4158 wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w3c5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws23\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> amounts included in other<span class=\"_ _1\"></span> expenses<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4aa y40ae wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13d4 y40ae w59 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13d5 y40ae w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">29<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb7a y40ae w50 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td></tr></table>38<span class=\"ls8d ws0\">. <span class=\"_ _1c6\"> </span>Con<span class=\"_ _1\"></span>tin<span class=\"_ _0\"></span>g<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>t liab<span class=\"_ _1\"></span>il<span class=\"_ _0\"></span>ities, guar<span class=\"_ _0\"></span>antees an<span class=\"_ _1\"></span>d indemn<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ties<span class=\"_ _3b2\"> </span></span>Provis<span class=\"_ _0\"></span>ion for the lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ties ar<span class=\"_ _0\"></span>isin<span class=\"_ _0\"></span>g unde<span class=\"_ _0\"></span>r con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts with p<span class=\"_ _0\"></span>olic<span class=\"_ _0\"></span>yh<span class=\"_ _0\"></span>old<span class=\"_ _0\"></span>ers is bas<span class=\"_ _0\"></span>ed on ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ain assu<span class=\"_ _0\"></span>mpti<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>. The var<span class=\"_ _0\"></span>ian<span class=\"_ _0\"></span>ce be<span class=\"_ _0\"></span>twe<span class=\"_ _0\"></span>en ac<span class=\"_ _0\"></span>tual ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e from th<span class=\"_ _0\"></span>at assum<span class=\"_ _0\"></span>ed may resu<span class=\"_ _0\"></span>lt in tho<span class=\"_ _0\"></span>se liabi<span class=\"_ _0\"></span>liti<span class=\"_ _0\"></span>es dif<span class=\"_ _0\"></span>feri<span class=\"_ _0\"></span>ng fro<span class=\"_ _0\"></span>m the provis<span class=\"_ _0\"></span>ions ma<span class=\"_ _0\"></span>de for the<span class=\"_ _0\"></span>m. Li<span class=\"_ _0\"></span>abili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s may also arise in res<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ct of claim<span class=\"_ _0\"></span>s relatin<span class=\"_ _0\"></span>g to the interp<span class=\"_ _0\"></span>retati<span class=\"_ _0\"></span>on of poli<span class=\"_ _0\"></span>cyh<span class=\"_ _0\"></span>old<span class=\"_ _0\"></span>er co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>s, or th<span class=\"_ _0\"></span>e circu<span class=\"_ _0\"></span>mst<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>es in whic<span class=\"_ _0\"></span>h poli<span class=\"_ _0\"></span>cy<span class=\"_ _0\"></span>hol<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>s have entere<span class=\"_ _0\"></span>d into them<span class=\"_ _0\"></span>. The ex<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>nt of these liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es is infl<span class=\"_ _0\"></span>uen<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>d by a numbe<span class=\"_ _0\"></span>r of factors in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>ding th<span class=\"_ _0\"></span>e acti<span class=\"_ _0\"></span>ons an<span class=\"_ _0\"></span>d requi<span class=\"_ _0\"></span>reme<span class=\"_ _0\"></span>nts of the PR<span class=\"_ _3\"></span>A<span class=\"_ _0\"></span>, FCA<span class=\"_ _3\"></span>, ombu<span class=\"_ _0\"></span>dsm<span class=\"_ _0\"></span>an ruli<span class=\"_ _0\"></span>ngs<span class=\"_ _0\"></span>, indu<span class=\"_ _0\"></span>str<span class=\"_ _3\"></span>y comp<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>satio<span class=\"_ _0\"></span>n sch<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>es and co<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>t ju<span class=\"_ _0\"></span>dgm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s. Variou<span class=\"_ _0\"></span>s Group co<span class=\"_ _0\"></span>mpan<span class=\"_ _0\"></span>ies rec<span class=\"_ _0\"></span>eive clai<span class=\"_ _0\"></span>ms and bec<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e involve<span class=\"_ _0\"></span>d in actual or threaten<span class=\"_ _0\"></span>ed litig<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n and regulator<span class=\"_ _3\"></span>y issues fro<span class=\"_ _0\"></span>m time to <span class=\"_ _1\"></span>time<span class=\"_ _0\"></span>. The releva<span class=\"_ _0\"></span>nt mem<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>rs of the Gro<span class=\"_ _0\"></span>up ensu<span class=\"_ _0\"></span>re that the<span class=\"_ _0\"></span>y make prud<span class=\"_ _0\"></span>ent p<span class=\"_ _0\"></span>rovisio<span class=\"_ _0\"></span>n as and whe<span class=\"_ _0\"></span>n circu<span class=\"_ _0\"></span>mst<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>es ca<span class=\"_ _0\"></span>lling for su<span class=\"_ _0\"></span>ch provi<span class=\"_ _0\"></span>sion b<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e clea<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>, and that eac<span class=\"_ _0\"></span>h has adeq<span class=\"_ _0\"></span>uate cap<span class=\"_ _0\"></span>ital an<span class=\"_ _0\"></span>d reser<span class=\"_ _3\"></span>ves to meet reaso<span class=\"_ _0\"></span>nab<span class=\"_ _0\"></span>ly fores<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e eventua<span class=\"_ _0\"></span>liti<span class=\"_ _0\"></span>es. T<span class=\"_ _0\"></span>he provi<span class=\"_ _0\"></span>sion<span class=\"_ _0\"></span>s made are reg<span class=\"_ _0\"></span>ular<span class=\"_ _0\"></span>ly rev<span class=\"_ _0\"></span>iewed<span class=\"_ _0\"></span>. It is not pos<span class=\"_ _0\"></span>sibl<span class=\"_ _0\"></span>e to predic<span class=\"_ _0\"></span>t, wit<span class=\"_ _0\"></span>h cer<span class=\"_ _3\"></span>taint<span class=\"_ _0\"></span>y, the ex<span class=\"_ _0\"></span>tent and the ti<span class=\"_ _0\"></span>ming of the f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>l impac<span class=\"_ _0\"></span>t of these cl<span class=\"_ _0\"></span>aims<span class=\"_ _0\"></span>, litig<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n or issu<span class=\"_ _0\"></span>es.<span class=\"_ _3b2\"> </span>Grou<span class=\"_ _0\"></span>p com<span class=\"_ _0\"></span>pani<span class=\"_ _0\"></span>es have given war<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>, ind<span class=\"_ _0\"></span>emn<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>es and gua<span class=\"_ _0\"></span>rante<span class=\"_ _0\"></span>es as a nor<span class=\"_ _0\"></span>mal par<span class=\"_ _3\"></span>t of their busi<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>s and ope<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>ng acti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ties or in rel<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n to cap<span class=\"_ _0\"></span>ital ma<span class=\"_ _0\"></span>rket tra<span class=\"_ _0\"></span>nsac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns or co<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>orate disp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>als. Le<span class=\"_ _0\"></span>gal &amp; Gen<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Grou<span class=\"_ _0\"></span>p Plc has provi<span class=\"_ _0\"></span>ded in<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>mni<span class=\"_ _0\"></span>ties an<span class=\"_ _0\"></span>d guar<span class=\"_ _0\"></span>antee<span class=\"_ _0\"></span>s in respe<span class=\"_ _0\"></span>ct of the liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>ies of Group co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>anie<span class=\"_ _0\"></span>s in supp<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>t of <span class=\"_ _1\"></span>the<span class=\"_ _0\"></span>ir busi<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>s activ<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>es. Le<span class=\"_ _0\"></span>gal an<span class=\"_ _0\"></span>d Gen<span class=\"_ _0\"></span>eral A<span class=\"_ _0\"></span>ssu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce S<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>iet<span class=\"_ _0\"></span>y Li<span class=\"_ _0\"></span>mited ha<span class=\"_ _0\"></span>s provid<span class=\"_ _0\"></span>ed ind<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>niti<span class=\"_ _0\"></span>es, a liqu<span class=\"_ _0\"></span>idi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y and exp<span class=\"_ _0\"></span>ense r<span class=\"_ _0\"></span>isk agre<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>, a dee<span class=\"_ _0\"></span>d of supp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t an<span class=\"_ _0\"></span>d a cash and se<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>rit<span class=\"_ _0\"></span>ies liqu<span class=\"_ _0\"></span>idi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y facili<span class=\"_ _0\"></span>ty in res<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ct of the liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es of Group c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pani<span class=\"_ _0\"></span>es to facilitate the Gro<span class=\"_ _0\"></span>up\u2019s matchin<span class=\"_ _0\"></span>g adjust<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt reo<span class=\"_ _0\"></span>rganis<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n purs<span class=\"_ _0\"></span>uant to So<span class=\"_ _0\"></span>lve<span class=\"_ _0\"></span>ncy II.<span class=\"_ _3b2\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-690": {
   "value": "24<span class=\"_ _1\"></span><span class=\"lsb4 ws1ce\">. P<span class=\"_ _3\"></span>rov<span class=\"_ _3\"></span>isio<span class=\"_ _0\"></span>ns<span class=\"_ _3b2\"> </span></span>(i<span class=\"_ _1\"></span>) <span class=\"_ _8\"> </span>A<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>lysis of provi<span class=\"_ _0\"></span>sions<span class=\"_ _3b2\"> </span><table class=\"s w3a5 h19d\" id=\"_bb3dc25a-3d56-4441-923e-99d00c332dd0\"><tr><td></td><td></td><td class=\"t m2 x1c6 h13 y45d5 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y45d5 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x42e hf y45d6 ff3 fs9 fc1 sc0 lsee wsf5\">Note<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 h13 y45d6 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y45d6 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y4121 w280 h116\"><div class=\"t m2 x1ca h1a y40b1 ff3 fs6 fc1 sc0 lsea ws27\">Othe<span class=\"_ _0\"></span>r provisions<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x137a y4121 w1ff h116\"><div class=\"t m2 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls56 ws55\">24(ii)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x137b y4121 w4a h116\"><div class=\"t m2 x1ca h1a y40b1 ff5 fs6 fc1 sc0 ls56 ws55\">149<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x137c y4121 w42 h116\"><div class=\"t m2 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls56 ws55\">244<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4158 w3a6 h116\"><div class=\"t m2 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls1 ws23\">Retir<span class=\"_ _1\"></span>ement bene<span class=\"_ _1\"></span>fit obli<span class=\"_ _1\"></span>gation<span class=\"_ _1\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x137d y4158 w3a7 h116\"><div class=\"t m2 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls56 ws55\">24(iii)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x137e y4158 w59 h116\"><div class=\"t m2 x1ca h1a y40b1 ff5 fs6 fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x53d y4158 w39 h116\"><div class=\"t m2 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls56 ws55\">14<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w3a8 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> provi<span class=\"_ _1\"></span>sions<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x137f y40ae w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">152<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1380 y40ae w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">258<span class=\"_ _3b2\"> </span></div></td></tr></table>(ii) <span class=\"_ _36\"> </span>Ot<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span> prov<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>sion<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span>Ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r provisi<span class=\"_ _0\"></span>ons i<span class=\"_ _0\"></span>ncl<span class=\"_ _0\"></span>ude c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ts that th<span class=\"_ _0\"></span>e As<span class=\"_ _0\"></span>set M<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ent d<span class=\"_ _0\"></span>ivis<span class=\"_ _0\"></span>ion is c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>mit<span class=\"_ _3\"></span>ted to incur o<span class=\"_ _0\"></span>n the e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>tensio<span class=\"_ _0\"></span>n of its e<span class=\"_ _0\"></span>xisti<span class=\"_ _0\"></span>ng par<span class=\"_ _3\"></span>tne<span class=\"_ _0\"></span>rsh<span class=\"_ _0\"></span>ip wit<span class=\"_ _0\"></span>h S<span class=\"_ _0\"></span>tate<span class=\"_ gsec\"> </span>S<span class=\"_ _0\"></span>tre<span class=\"_ _0\"></span>et an<span class=\"_ _0\"></span>nou<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ed in 20<span class=\"_ _0\"></span>21, <span class=\"_ _1\"></span>to increa<span class=\"_ _0\"></span>se the use of Char<span class=\"_ _0\"></span>les Ri<span class=\"_ _0\"></span>ver tec<span class=\"_ _0\"></span>hno<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>gy acr<span class=\"_ _0\"></span>oss the fro<span class=\"_ _0\"></span>nt of<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ce and to deli<span class=\"_ _0\"></span>ver mid<span class=\"_ _0\"></span>dle of<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ce se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces<span class=\"_ _0\"></span> goin<span class=\"_ _0\"></span>g<span class=\"_ gsec\"> </span>for<span class=\"_ _0\"></span>ward<span class=\"_ _0\"></span>. Co<span class=\"_ _0\"></span>sts inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>e the tra<span class=\"_ _0\"></span>nsfer of data and op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ation<span class=\"_ _0\"></span>s to State S<span class=\"_ _0\"></span>tre<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>, as well as the impl<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>enta<span class=\"_ _0\"></span>tion of the new o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ratin<span class=\"_ _0\"></span>g mod<span class=\"_ _0\"></span>el.<span class=\"_ _0\"></span> Th<span class=\"_ _0\"></span>e<span class=\"_ gsec\"> </span>amo<span class=\"_ _0\"></span>unts in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d in the provisi<span class=\"_ _0\"></span>on have be<span class=\"_ _0\"></span>en de<span class=\"_ _0\"></span>termi<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>d on a best es<span class=\"_ _0\"></span>timate basis by referen<span class=\"_ _0\"></span>ce to a range of plau<span class=\"_ _0\"></span>sibl<span class=\"_ _0\"></span>e sce<span class=\"_ _0\"></span>nar<span class=\"_ _0\"></span>ios<span class=\"_ _0\"></span>, tak<span class=\"_ _0\"></span>ing<span class=\"_ gsec\"> </span>in<span class=\"_ _0\"></span>to<span class=\"_ gsec\"> </span>acc<span class=\"_ _0\"></span>ount th<span class=\"_ _0\"></span>e mult<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>-ye<span class=\"_ _0\"></span>ar imp<span class=\"_ _0\"></span>lem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n per<span class=\"_ _0\"></span>iod for th<span class=\"_ _0\"></span>e proje<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>. As at 31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2024<span class=\"_ _0\"></span>, the ou<span class=\"_ _0\"></span>tst<span class=\"_ _0\"></span>andi<span class=\"_ _0\"></span>ng provi<span class=\"_ _0\"></span>sion was \u00a36<span class=\"_ _0\"></span>5m<span class=\"_ _0\"></span> (31 Dec<span class=\"_ _0\"></span>emb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3: \u00a3108m).<span class=\"_ _3b2\"> </span>(<span class=\"_ _1\"></span>ii<span class=\"_ _0\"></span>i) <span class=\"_ _14\"> </span>Ret<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>rement benefit obligations<span class=\"_ _3b2\"> </span>Def<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>d cont<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ibut<span class=\"_ _0\"></span>ion s<span class=\"_ _0\"></span>cheme<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Group o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>rates the followi<span class=\"_ _0\"></span>ng pri<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>pal def<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>ed co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n pens<span class=\"_ _0\"></span>ion sc<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>mes in th<span class=\"_ _0\"></span>e UK and over<span class=\"_ _0\"></span>seas<span class=\"_ _0\"></span>:<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\"> <span class=\"_ _b\"></span>Legal &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>l Grou<span class=\"_ _0\"></span>p Pe<span class=\"_ _0\"></span>rso<span class=\"_ _0\"></span>nal Pe<span class=\"_ _0\"></span>nsio<span class=\"_ _0\"></span>n Pla<span class=\"_ _0\"></span>n (U<span class=\"_ _0\"></span>K<span class=\"_ _0\"></span>)<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ws0\">Leg<span class=\"_ _0\"></span>al &amp; Ge<span class=\"_ _0\"></span>ner<span class=\"_ _0\"></span>al S<span class=\"_ _0\"></span>taf<span class=\"_ _0\"></span>f S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>akeho<span class=\"_ _0\"></span>ld<span class=\"_ _0\"></span>er Pe<span class=\"_ _0\"></span>nsio<span class=\"_ _0\"></span>n S<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me (<span class=\"_ _0\"></span>UK<span class=\"_ _0\"></span>)<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">Leg<span class=\"_ _0\"></span>al &amp; Gene<span class=\"_ _0\"></span>ral A<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>ric<span class=\"_ _0\"></span>a Inc<span class=\"_ _0\"></span>. Savi<span class=\"_ _0\"></span>ngs Pla<span class=\"_ _0\"></span>n (US).<span class=\"_ _3b2\"> </span></span>Th<span class=\"_ _0\"></span>e Group p<span class=\"_ _0\"></span>revio<span class=\"_ _0\"></span>usl<span class=\"_ _0\"></span>y ope<span class=\"_ _0\"></span>rated the C<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>L<span class=\"_ _0\"></span>A def<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>ed c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n pen<span class=\"_ _0\"></span>sio<span class=\"_ _0\"></span>n sche<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>, until the dis<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>sal of Cala co<span class=\"_ _0\"></span>mpl<span class=\"_ _0\"></span>eted on 31 Oc<span class=\"_ _0\"></span>tobe<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>24.<span class=\"_ _3b2\"> </span>Co<span class=\"_ _0\"></span>ntri<span class=\"_ _0\"></span>bu<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s of \u00a31<span class=\"_ _1\"></span>09<span class=\"_ _0\"></span>m (202<span class=\"_ _0\"></span>3: \u00a3102m) were made du<span class=\"_ _0\"></span>rin<span class=\"_ _0\"></span>g year in resp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t of defin<span class=\"_ _0\"></span>ed c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n sch<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>es.<span class=\"_ _3b2\"> </span>Def<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ned b<span class=\"_ _0\"></span>enef<span class=\"_ _0\"></span>it scheme<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Group c<span class=\"_ _0\"></span>urre<span class=\"_ _0\"></span>ntl<span class=\"_ _0\"></span>y ope<span class=\"_ _0\"></span>rates the Le<span class=\"_ _0\"></span>gal &amp; Gen<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Am<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>ca In<span class=\"_ _0\"></span>c. Cas<span class=\"_ _0\"></span>h Bala<span class=\"_ _0\"></span>nce Pl<span class=\"_ _0\"></span>an (U<span class=\"_ _0\"></span>S) defi<span class=\"_ _0\"></span>ned b<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>t sch<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>e. Th<span class=\"_ _0\"></span>e last full ac<span class=\"_ _0\"></span>tua<span class=\"_ _0\"></span>rial valu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n was as at 31 Dece<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>24.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Group p<span class=\"_ _0\"></span>revio<span class=\"_ _0\"></span>usl<span class=\"_ _0\"></span>y ope<span class=\"_ _0\"></span>rated the foll<span class=\"_ _0\"></span>owing d<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>ned b<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>t pen<span class=\"_ _0\"></span>sion s<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>s in the UK<span class=\"_ _0\"></span>:<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\"> <span class=\"_ _b\"></span>Legal &amp; Gen<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Grou<span class=\"_ _0\"></span>p UK Pen<span class=\"_ _0\"></span>sion an<span class=\"_ _0\"></span>d Ass<span class=\"_ _0\"></span>uran<span class=\"_ _0\"></span>ce Fun<span class=\"_ _0\"></span>d (the Fund). T<span class=\"_ _0\"></span>he Fund was clo<span class=\"_ _0\"></span>sed to new me<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>rs fro<span class=\"_ _0\"></span>m Janu<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y 1995<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\"> <span class=\"_ _b\"></span>Legal &amp; Gen<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Grou<span class=\"_ _0\"></span>p UK Se<span class=\"_ _0\"></span>nio<span class=\"_ _0\"></span>r Pens<span class=\"_ _0\"></span>ion S<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>e (the Sc<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>me). The Sc<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>me was, wi<span class=\"_ _0\"></span>th a few exceptio<span class=\"_ _0\"></span>ns (p<span class=\"_ _0\"></span>rin<span class=\"_ _0\"></span>cip<span class=\"_ _0\"></span>ally tr<span class=\"_ _0\"></span>ansfer<span class=\"_ _0\"></span>s from the Fun<span class=\"_ _0\"></span>d)<span class=\"_ _0\"></span>, </span>clo<span class=\"_ _0\"></span>sed to new m<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>rs fro<span class=\"_ _0\"></span>m Au<span class=\"_ _0\"></span>gust 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0 and f<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>ally c<span class=\"_ _0\"></span>los<span class=\"_ _0\"></span>ed to new m<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>rs fro<span class=\"_ _0\"></span>m A<span class=\"_ _0\"></span>pril 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>07<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">CA<span class=\"_ _0\"></span>L<span class=\"_ _3\"></span>A Retirem<span class=\"_ _0\"></span>ent an<span class=\"_ _0\"></span>d Deat<span class=\"_ _0\"></span>h Ben<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>its S<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me (<span class=\"_ _0\"></span>UK<span class=\"_ _0\"></span>). Thi<span class=\"_ _0\"></span>s sche<span class=\"_ _0\"></span>me cl<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>d to new memb<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s from 31 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>07 an<span class=\"_ _0\"></span>d clos<span class=\"_ _0\"></span>ed to future ac<span class=\"_ _0\"></span>cr<span class=\"_ _0\"></span>ual<span class=\"_ _0\"></span> </span>on 31 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 2018.<span class=\"_ _3b2\"> </span>Ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tai<span class=\"_ _0\"></span>n par<span class=\"_ _0\"></span>ts of the lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ties of the Fund an<span class=\"_ _0\"></span>d the Sc<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>me had pre<span class=\"_ _0\"></span>vio<span class=\"_ _0\"></span>usly b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n sec<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>d by way <span class=\"_ _1\"></span>of annui<span class=\"_ _0\"></span>ties pu<span class=\"_ _0\"></span>rch<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>d from the Gr<span class=\"_ _0\"></span>oup, whi<span class=\"_ _0\"></span>ch were<span class=\"_ _0\"></span> not<span class=\"_ gsec\"> </span>re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d as an asset for I<span class=\"_ _0\"></span>AS 19 <span class=\"_ _1\"></span>pur<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>. In Apr<span class=\"_ _0\"></span>il 20<span class=\"_ _0\"></span>23<span class=\"_ _0\"></span>, Ass<span class=\"_ _0\"></span>ured Pay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt Poli<span class=\"_ _0\"></span>cie<span class=\"_ _0\"></span>s (AP<span class=\"_ _0\"></span>Ps), previo<span class=\"_ _0\"></span>usl<span class=\"_ _0\"></span>y trans<span class=\"_ _0\"></span>acte<span class=\"_ _0\"></span>d bet<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n the Gro<span class=\"_ _0\"></span>up\u2019s UK def<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d be<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>it pe<span class=\"_ _0\"></span>nsio<span class=\"_ _0\"></span>n sch<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>es and Le<span class=\"_ _0\"></span>gal and G<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>ral A<span class=\"_ _0\"></span>ssur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e S<span class=\"_ _0\"></span>oci<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>y Lim<span class=\"_ _0\"></span>ited (LG<span class=\"_ _0\"></span>AS), were su<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>d at their ca<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing val<span class=\"_ _0\"></span>ue of \u00a38<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>9m and co<span class=\"_ _0\"></span>nver<span class=\"_ _3\"></span>ted into annuit<span class=\"_ _0\"></span>y c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>s. An ad<span class=\"_ _0\"></span>diti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>al top<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>up co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of \u00a31<span class=\"_ _1\"></span>83<span class=\"_ _0\"></span>m, pr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ed on an ar<span class=\"_ _0\"></span>m\u2019s leng<span class=\"_ _0\"></span>th basis<span class=\"_ _0\"></span>, was paid to LGAS by the def<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d be<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>it pe<span class=\"_ _0\"></span>nsio<span class=\"_ _0\"></span>n sch<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>es as par<span class=\"_ _0\"></span>t of the tra<span class=\"_ _0\"></span>nsa<span class=\"_ _0\"></span>ctio<span class=\"_ _0\"></span>n, ma<span class=\"_ _0\"></span>kin<span class=\"_ _0\"></span>g a total contr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n for new annu<span class=\"_ _0\"></span>itie<span class=\"_ _0\"></span>s of \u00a31<span class=\"_ _1\"></span>,0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2m<span class=\"_ _0\"></span>. This res<span class=\"_ _0\"></span>ulted in bot<span class=\"_ _0\"></span>h pen<span class=\"_ _0\"></span>sio<span class=\"_ _0\"></span>n sche<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>s bein<span class=\"_ _0\"></span>g full<span class=\"_ _0\"></span>y covere<span class=\"_ _0\"></span>d by annui<span class=\"_ _0\"></span>ty c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>ts. Th<span class=\"_ _0\"></span>e T<span class=\"_ _4\"></span>r<span class=\"_ _0\"></span>uste<span class=\"_ _0\"></span>es co<span class=\"_ _0\"></span>mpl<span class=\"_ _0\"></span>eted a buyo<span class=\"_ _0\"></span>ut of the Fund an<span class=\"_ _0\"></span>d the S<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me in Nove<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>23<span class=\"_ _0\"></span>, and th<span class=\"_ _0\"></span>e existi<span class=\"_ _0\"></span>ng annu<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y po<span class=\"_ _0\"></span>lici<span class=\"_ _0\"></span>es were excha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>d for indi<span class=\"_ _0\"></span>vidu<span class=\"_ _0\"></span>al pol<span class=\"_ _0\"></span>icie<span class=\"_ _0\"></span>s bet<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n LGA<span class=\"_ _0\"></span>S and<span class=\"_ gsec\"> </span>me<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s. As a resu<span class=\"_ _0\"></span>lt<span class=\"_ _0\"></span>, all the Grou<span class=\"_ _0\"></span>p\u2019s obligat<span class=\"_ _0\"></span>ions un<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r the pe<span class=\"_ _0\"></span>nsio<span class=\"_ _0\"></span>n sch<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>s were full<span class=\"_ _0\"></span>y ex<span class=\"_ _0\"></span>ting<span class=\"_ _0\"></span>uish<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>, and the def<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span> ben<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>it ob<span class=\"_ _0\"></span>ligati<span class=\"_ _0\"></span>on as<span class=\"_ gsec\"> </span>at<span class=\"_ gsec\"> </span>th<span class=\"_ _0\"></span>e set<span class=\"_ _0\"></span>tle<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt date of \u00a31<span class=\"_ _1\"></span>,470<span class=\"_ _0\"></span>m was therefo<span class=\"_ _0\"></span>re dere<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>. On the sa<span class=\"_ _0\"></span>me date, the G<span class=\"_ _0\"></span>roup re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed the dir<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t liabili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y to th<span class=\"_ _0\"></span>e me<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s wi<span class=\"_ _0\"></span>thin insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>ct liabili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s. The dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e bet<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n the defin<span class=\"_ _0\"></span>ed be<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>it obli<span class=\"_ _0\"></span>gatio<span class=\"_ _0\"></span>n at this <span class=\"_ _1\"></span>date and the fair value of <span class=\"_ _1\"></span>the insur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e contract liabili<span class=\"_ _0\"></span>ties re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ised u<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>r IF<span class=\"_ _0\"></span>RS 17 resulted i<span class=\"_ _0\"></span>n \u00a316<span class=\"_ _1\"></span>7m bein<span class=\"_ _0\"></span>g rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in the C<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>nsol<span class=\"_ _0\"></span>idated I<span class=\"_ _0\"></span>nco<span class=\"_ _0\"></span>me S<span class=\"_ _3\"></span>tateme<span class=\"_ _0\"></span>nt in 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3 as set<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span> cos<span class=\"_ _0\"></span>ts. T<span class=\"_ _0\"></span>his<span class=\"_ gsec\"> </span>ref<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>cts me<span class=\"_ _0\"></span>asure<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>es bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en IF<span class=\"_ _0\"></span>RS 1<span class=\"_ _1\"></span>7 and IA<span class=\"_ _0\"></span>S 1<span class=\"_ _1\"></span>9, princ<span class=\"_ _0\"></span>ipal<span class=\"_ _0\"></span>ly co<span class=\"_ _0\"></span>mpr<span class=\"_ _0\"></span>isin<span class=\"_ _0\"></span>g of the assoc<span class=\"_ _0\"></span>iated C<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>M and risk ad<span class=\"_ _0\"></span>just<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t.<span class=\"_ _0\"></span> Th<span class=\"_ _0\"></span>e Fund and the S<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>e still ho<span class=\"_ _0\"></span>ld mini<span class=\"_ _0\"></span>mal resid<span class=\"_ _0\"></span>ual ass<span class=\"_ _0\"></span>ets whic<span class=\"_ _0\"></span>h are expe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted to meet the c<span class=\"_ _0\"></span>ost of wind<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>p expe<span class=\"_ _0\"></span>nse<span class=\"_ _0\"></span>s. Th<span class=\"_ _0\"></span>e Fund exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ts to<span class=\"_ gsec\"> </span>com<span class=\"_ _0\"></span>plete the<span class=\"_ _0\"></span>ir wind<span class=\"_ _3\"></span>-u<span class=\"_ _0\"></span>p in 2025 an<span class=\"_ _0\"></span>d the S<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me in 20<span class=\"_ _0\"></span>26<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Foll<span class=\"_ _0\"></span>owing the disp<span class=\"_ _0\"></span>osal of Cala, whic<span class=\"_ _0\"></span>h com<span class=\"_ _0\"></span>plete<span class=\"_ _0\"></span>d on 31 <span class=\"_ _1\"></span>Octob<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>24, the Grou<span class=\"_ _0\"></span>p no longe<span class=\"_ _0\"></span>r ope<span class=\"_ _0\"></span>rates the CAL<span class=\"_ _3\"></span>A Retirem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t and Death Ben<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>its Sc<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>me.<span class=\"_ _3b2\"> </span><table class=\"s w3a9 h19e\" id=\"_168e3b4e-76d7-45b1-8af1-7952943ef042\"><tr><td></td><td></td><td class=\"t m2 xd82 h13 y45d7 ff5 fs9 fc1 sc0 ls37 ws3f\">Fund<span class=\"_ _1\"></span> and Scheme<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x4c4 h13 y45d7 ff5 fs9 fc1 sc0 ls18 ws0\">Ca<span class=\"_ _0\"></span>la a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d US<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x5b0 hf y45d7 ff3 fs9 fc1 sc0 ls18 ws0\">Fun<span class=\"_ _0\"></span>d an<span class=\"_ _0\"></span>d Sc<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1381 hf y45d7 ff3 fs9 fc1 sc0 ls18 ws0\">Cal<span class=\"_ _0\"></span>a an<span class=\"_ _0\"></span>d U<span class=\"_ _0\"></span>S<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td></td><td class=\"t m2 x430 h13 y45d8 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x431 h13 y45d8 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c6 hf y45d8 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y45d8 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td></td><td class=\"t m2 xac3 h13 y45d9 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x433 h13 y45d9 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 hf y45d9 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y45d9 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 hb y45da ff6 fs6 fc1 sc0 ls56 ws55\">Move<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t in pr<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t val<span class=\"_ _0\"></span>ue of de<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>d be<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>it ob<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>ga<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ns<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y45db w1d8 h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws0\">As a<span class=\"_ _0\"></span>t 1 Ja<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1217 y45db wa5 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1382 y45db w3a h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(115)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1383 y45db w34 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(1,480)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1f2 y45db w3b h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(105)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y45dc w3aa h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls12e wsca\">Current<span class=\"_ _1\"></span> service cos<span class=\"_ _1\"></span>t<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1384 y45dc wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1385 y45dc w67 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(4)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1386 y45dc w6a h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(3)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1387 y45dc w6a h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(4)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y45dd wcb h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws23\">Int<span class=\"_ _1\"></span>erest<span class=\"_ _1\"></span> expense<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1388 y45dd wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1389 y45dd w67 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(2)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x138a y45dd w71 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(64)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x138b y45dd w6a h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(5)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 hc y45de ff4 fs6 fc1 sc0 ls57 ws2c\">Act<span class=\"_ _0\"></span>uar<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>l remea<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t (<span class=\"_ _1\"></span>rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nis<span class=\"_ _0\"></span>ed in the Cons<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>idate<span class=\"_ _0\"></span>d St<span class=\"_ _0\"></span>atem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t of<span class=\"_ gs5e1\"> </span>Com<span class=\"_ _0\"></span>pre<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>nsi<span class=\"_ _0\"></span>ve<span class=\"_ gs5e1\"> </span>In<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me)<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y447b w114 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y447b w3ab h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Change in financial assumptions<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x120e y447b wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x138c y447b wa8 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x138d y447b w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">70<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x138e y447b w6a h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(5)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y45df w114 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y45df w3ac h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls11e ws5c\">Change in<span class=\"_ _1\"></span> demographic assump<span class=\"_ _1\"></span>tions<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa67 y45df wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa68 y45df wa6 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x138f y45df w5a h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(20)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1390 y45df w50 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40b2 w114 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y40b2 w3ad h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">Experience<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc35 y40b2 wa6 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1391 y40b2 w6d h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(2)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8df y40b2 w71 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(37)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1392 y40b2 wc0 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(5)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4501 w3ae h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws23\">Benefits p<span class=\"_ _1\"></span>aid<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n xe66 y4501 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1393 y4501 w59 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7a5 y4501 w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">64<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x927 y4501 w75 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">5<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40b4 w3af h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws23\">Exchange d<span class=\"_ _1\"></span>ifferences<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1394 y40b4 wa6 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1395 y40b4 w6d h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(1)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x590 y40b4 wbd h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1396 y40b4 w75 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40b5 w3b0 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Dis<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>sal of C<span class=\"_ _0\"></span>ala<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x129e y40b5 wa6 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1397 y40b5 w70 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">63<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x621 y40b5 wbd h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1398 y40b5 wbd h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4351 w3b1 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls112 ws6\">Set<span class=\"_ _0\"></span>tle<span class=\"_ _0\"></span>ment<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1384 y4351 wa5 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1399 y4351 wa5 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x139a y4351 w30 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,470<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb65 y4351 wbd h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4168 w1db h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls12e wsca\">As at<span class=\"_ _1\"></span> 31<span class=\"_ _1\"></span> December<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x12cf y4168 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x139b y4168 waf h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(57)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x619 y4168 wbd h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x139c y4168 w3b h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(115)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 hb y45e0 ff6 fs6 fc1 sc0 ls56 ws55\">Move<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t in fai<span class=\"_ _0\"></span>r val<span class=\"_ _0\"></span>ue of pl<span class=\"_ _0\"></span>an as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y40ba w1d8 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws0\">As a<span class=\"_ _0\"></span>t 1 Ja<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1217 y40ba wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x139d y40ba w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">101<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x139e y40ba w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">868<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x42a y40ba w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">100<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y42f1 w3b2 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted r<span class=\"_ _0\"></span>etu<span class=\"_ _0\"></span>rn o<span class=\"_ _0\"></span>n pla<span class=\"_ _0\"></span>n ass<span class=\"_ _0\"></span>ets a<span class=\"_ _0\"></span>t lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y dis<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>t rate<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1384 y42f1 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6c8 y42f1 wa8 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x139f y42f1 w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">38<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13a0 y42f1 w50 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">5<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40bc w3b3 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls57 ws2c\">Act<span class=\"_ _0\"></span>uar<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>l remea<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t (<span class=\"_ _1\"></span>rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nis<span class=\"_ _0\"></span>ed in the Cons<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>idate<span class=\"_ _0\"></span>d St<span class=\"_ _0\"></span>atem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t of<span class=\"_ gs5e1\"> </span>Com<span class=\"_ _0\"></span>pre<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>nsi<span class=\"_ _0\"></span>ve<span class=\"_ gs5e1\"> </span>In<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me)<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x13a1 y40bc wa5 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13a2 y40bc w59 h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws0\">9<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13a3 y40bc w39 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">53<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13a4 y40bc w6a h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(4)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40bd w3b4 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">Employer contributions<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x13a5 y40bd wa6 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x689 y40bd w59 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13a6 y40bd w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">127<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb7d y40bd w50 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40be w3ae h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws23\">Benefits p<span class=\"_ _1\"></span>aid<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n xe66 y40be wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13a7 y40be w67 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(2)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13a8 y40be w71 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(64)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13a9 y40be w6a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(5)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40bf w3af h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws23\">Exchange d<span class=\"_ _1\"></span>ifferences<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1394 y40bf wa6 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x917 y40bf w59 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13aa y40bf wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13ab y40bf wc0 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(2)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c0 w3b0 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Dis<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>sal of C<span class=\"_ _0\"></span>ala<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x129e y40c0 wa6 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13ac y40c0 w41 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(64)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13ad y40c0 wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcad y40c0 wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4199 w3b5 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10a ws5a\">Purchase of<span class=\"_ _1\"></span> non<span class=\"_ _0\"></span>-plan asset annuities<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x11f9 y4199 wa5 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x922 y4199 wa6 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13ae y4199 w34 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(1,022)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13af y4199 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y419a w1db h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls12e wsca\">As at<span class=\"_ _1\"></span> 31<span class=\"_ _1\"></span> December<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x12cf y419a wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13b0 y419a w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">54<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13b1 y419a wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x654 y419a w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">101<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w3b6 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">Gr<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>s de<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>d be<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>it pe<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n de<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>t inc<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d in prov<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1340 y4121 wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6aa y4121 w67 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(3)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13b2 y4121 wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13b3 y4121 w71 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(14)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ac w3b7 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Defe<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>ed ta<span class=\"_ _0\"></span>x o<span class=\"_ _0\"></span>n def<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t pe<span class=\"_ _0\"></span>nsi<span class=\"_ _0\"></span>on d<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>ici<span class=\"_ _0\"></span>t<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x13a5 y40ac wa6 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x689 y40ac w59 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa2a y40ac wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x93e y40ac w50 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w3b8 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls12e wsca\">Net defined benefit<span class=\"_ _1\"></span> pension deficit<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x13a1 y40ae wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13b4 y40ae w6d h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(2)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13b5 y40ae wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13b6 y40ae w71 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(11)<span class=\"_ _3b2\"> </span></div></td></tr></table>Th<span class=\"_ _0\"></span>e fair value of the pla<span class=\"_ _0\"></span>n assets at the e<span class=\"_ _0\"></span>nd of the year is made up as foll<span class=\"_ _0\"></span>ows:<span class=\"_ _3b2\"> </span><table class=\"s w3b9 h19f\" id=\"_62ef137c-373e-418e-9070-36249307f967\"><tr><td></td><td></td><td class=\"t m0 x3ef h13 y45e1 ff5 fs9 fc1 sc0 ls3b ws4d\">Valuation<span class=\"_ _1\"></span> based on <span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></td><td></td><td class=\"t m0 x9f7 h13 y45e1 ff5 fs9 fc1 sc0 ls18 ws0\">Valu<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d on o<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>n </td></tr><tr><td></td><td></td><td class=\"t m0 x57d h13 y45e2 ff5 fs9 fc1 sc0 ls37 ws3f\">quoted m<span class=\"_ _1\"></span>arket<span class=\"_ _1\"></span> price<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m0 x495 h13 y45e2 ff6 fs9 fc1 sc0 ls18 ws32\">qu<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>ed<span class=\"_ gs6da\"> </span>m<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>rke<span class=\"_ _0\"></span>t pr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m0 xd82 h13 y45e3 ff5 fs9 fc1 sc0 ls37 ws3f\">Fund<span class=\"_ _1\"></span> and Scheme<span class=\"_ _3b2\"> </span></td><td class=\"c x13b8 y45e4 w3ba h123\"><div class=\"t m0 x1ca h13 y40ef ff5 fs9 fc1 sc0 ls18 ws0\">Ca<span class=\"_ _0\"></span>la a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d US</div><div class=\"t m0 x13b7 h99 y40f0 ff5 fs1b fc1 sc0 ls1 ws0\">1</div></td><td class=\"t m0 x5ae h13 y45e5 ff5 fs9 fc1 sc0 ls37 ws3f\">Fund<span class=\"_ _1\"></span> and Scheme<span class=\"_ _3b2\"> </span></td><td class=\"c x13ba y45e4 w3bb h123\"><div class=\"t m0 x1ca h13 y40ef ff5 fs9 fc1 sc0 ls18 ws0\">Ca<span class=\"_ _0\"></span>la a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d US</div><div class=\"t m0 x13b9 h99 y40f0 ff5 fs1b fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 h13 y45e6 ff5 fs9 fc1 sc0 ls18 ws0\">As a<span class=\"_ _0\"></span>t 31 De<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>4<span class=\"_ _3b2\"> </span></td><td class=\"t m0 xac3 h13 y45e6 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x433 h13 y45e7 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c8 h13 y45e7 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 h13 y45e7 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y42f5 w3bc h116\"><div class=\"t m0 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls10a ws118\">Equities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13bb y42f5 wa5 h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13bc y42f5 w7b h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls56 ws55\">26<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x137e y42f5 wa6 h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x943 y42f5 wa5 h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4192 w3bd h116\"><div class=\"t m0 x1ca h1a y40b1 ff3 fs6 fc1 sc0 lsea ws122\">Bonds<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe2a y4192 wa6 h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x917 y4192 w59 h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls1 ws0\">6<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13aa y4192 wa5 h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13bd y4192 wa5 h116\"><div class=\"t m0 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y419e w3be h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 lsea ws27\">Investment funds<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1384 y419e wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1399 y419e wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13be y419e wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13bf y419e wa8 h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">5<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4108 w87 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Cas<span class=\"_ _0\"></span>h an<span class=\"_ _0\"></span>d cas<span class=\"_ _0\"></span>h eq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>vale<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13c0 y4108 wa6 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13c1 y4108 w70 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">17<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13be y4108 wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13c2 y4108 wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w3bf h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">Fai<span class=\"_ _0\"></span>r val<span class=\"_ _0\"></span>ue of pl<span class=\"_ _0\"></span>an as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x129e y40ae wa6 h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1397 y40ae w70 h118\"><div class=\"t m0 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">49<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13c3 y40ae wa5 h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x47c y40ae wa8 h118\"><div class=\"t m0 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls1 ws0\">5<span class=\"_ _3b2\"> </span></div></td></tr></table>1. <span class=\"_ _15\"> </span>Ca<span class=\"_ _0\"></span>la a<span class=\"_ _0\"></span>nd U<span class=\"_ _0\"></span>S r<span class=\"_ _0\"></span>efl<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>e L<span class=\"_ _0\"></span>eg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>al A<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ca I<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>. C<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>h Ba<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e P<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>n as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts f<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>low<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ng t<span class=\"_ _0\"></span>he d<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>al of C<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>a.<span class=\"_ _3b2\"> </span><table class=\"s w3c0 h1a0\" id=\"_03774d36-422b-41d2-b47b-faaa18c6b8aa\"><tr><td></td><td></td><td class=\"t m0 x13c4 h10 y45e8 ff4 fs9 fc1 sc0 ls18 ws32\">Valu<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on ba<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d on <span class=\"ff3 ls1 ws0\"> </span></td><td></td><td class=\"t m0 xb54 h10 y45e8 ff4 fs9 fc1 sc0 ls18 ws32\">Valu<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on ba<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d on othe<span class=\"_ _0\"></span>r tha<span class=\"_ _0\"></span>n </td></tr><tr><td></td><td></td><td class=\"t m0 x3ef hf y45e9 ff3 fs9 fc1 sc0 ls18 ws0\">qu<span class=\"_ _0\"></span>oted m<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ket p<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ce<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m0 xd44 h10 y45e9 ff4 fs9 fc1 sc0 ls18 ws32\">qu<span class=\"_ _0\"></span>oted<span class=\"_ gs6db\"> </span>m<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ket pr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m0 xd82 hf y45ea ff3 fs9 fc1 sc0 ls18 ws0\">Fun<span class=\"_ _0\"></span>d an<span class=\"_ _0\"></span>d Sc<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x4d4 hf y45ea ff3 fs9 fc1 sc0 ls18 ws0\">Cal<span class=\"_ _0\"></span>a an<span class=\"_ _0\"></span>d U<span class=\"_ _0\"></span>S<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x5b0 hf y45ea ff3 fs9 fc1 sc0 ls18 ws0\">Fun<span class=\"_ _0\"></span>d an<span class=\"_ _0\"></span>d Sc<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1381 hf y45ea ff3 fs9 fc1 sc0 ls18 ws0\">Cal<span class=\"_ _0\"></span>a an<span class=\"_ _0\"></span>d U<span class=\"_ _0\"></span>S<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 hf y45eb ff3 fs9 fc1 sc0 ls18 ws0\">As a<span class=\"_ _0\"></span>t 31 De<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>3<span class=\"_ _3b2\"> </span></td><td class=\"t m0 xac3 hf y45eb ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x433 hf y45eb ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c8 hf y45eb ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 hf y45eb ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y40c1 w3bc h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws118\">Equities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13bb y40c1 wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13c5 y40c1 w39 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">27<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x668 y40c1 wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13c6 y40c1 wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y419a w3bd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 lsea ws122\">Bonds<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe2a y419a wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13c7 y419a w75 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">6<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13b5 y419a wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x76a y419a wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w3be h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 lsea ws27\">Investment funds<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1384 y4121 wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa42 y4121 w39 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">42<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa43 y4121 wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13c8 y4121 w75 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ac w87 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Cas<span class=\"_ _0\"></span>h an<span class=\"_ _0\"></span>d cas<span class=\"_ _0\"></span>h eq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>vale<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13c0 y40ac wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13c9 y40ac w39 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">22<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13ca y40ac wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13af y40ac wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w3c1 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Fair v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e of pla<span class=\"_ _0\"></span>n ass<span class=\"_ _0\"></span>ets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1267 y40ae wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3da y40ae w39 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">97<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13cb y40ae wbf h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13cc y40ae w50 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td></tr></table>Th<span class=\"_ _0\"></span>e followin<span class=\"_ _0\"></span>g amou<span class=\"_ _0\"></span>nts have be<span class=\"_ _0\"></span>en cha<span class=\"_ _0\"></span>rge<span class=\"_ _0\"></span>d to the inco<span class=\"_ _0\"></span>me state<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t:<span class=\"_ _3b2\"> </span><table class=\"s w3c2 h1a1\" id=\"_c91b592e-2c24-4a30-a9cd-4e2eed2bf9d2\"><tr><td></td><td class=\"t m0 xd82 h13 y45ec ff5 fs9 fc1 sc0 ls37 ws3f\">Fund<span class=\"_ _1\"></span> and Scheme<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x4c4 h13 y45ec ff5 fs9 fc1 sc0 ls18 ws0\">Ca<span class=\"_ _0\"></span>la a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d US<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x5b0 hf y45ec ff3 fs9 fc1 sc0 ls18 ws0\">Fun<span class=\"_ _0\"></span>d an<span class=\"_ _0\"></span>d Sc<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1381 hf y45ec ff3 fs9 fc1 sc0 ls18 ws0\">Cal<span class=\"_ _0\"></span>a an<span class=\"_ _0\"></span>d U<span class=\"_ _0\"></span>S<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m0 x430 h13 y45ed ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x431 h13 y45ed ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c6 hf y45ed ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c7 hf y45ed ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m0 xac3 h13 y45ee ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x433 h13 y45ee ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c8 hf y45ee ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 hf y45ee ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y4121 w3c3 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls12e wsca\">Current<span class=\"_ _1\"></span> service cos<span class=\"_ _1\"></span>ts<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x131c y4121 wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13cd y4121 wa8 h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13ce y4121 w50 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13cf y4121 w50 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4158 w3c4 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws23\">Net in<span class=\"_ _1\"></span>tere<span class=\"_ _1\"></span>st expen<span class=\"_ _1\"></span>se<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13d0 y4158 wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13d1 y4158 wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13d2 y4158 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">26<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13d3 y4158 wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w3c5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws23\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> amounts included in other<span class=\"_ _1\"></span> expenses<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4aa y40ae wa5 h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13d4 y40ae w59 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13d5 y40ae w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">29<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb7a y40ae w50 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherProvisionsExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-605": {
   "value": "<div class=\"t m2 he ff1 fs8 fc2 sc0 lsa8 wsae gs8d4\">25<span class=\"ls8d ws0\">. <span class=\"_ _2e\"> </span>Paya<span class=\"_ _1\"></span>bl<span class=\"_ _1\"></span>es and o<span class=\"_ _1\"></span>ther fina<span class=\"_ _0\"></span>ncial liabilities<span class=\"_ _3b2\"> </span></span></div><div class=\"gs8d5\"><table class=\"s w372 h1a2\" id=\"_5cd2640f-4bf2-4365-a095-6f078063b762\"><tr><td></td><td class=\"t m2 x1c6 h13 y45ef ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y45ef ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x1c8 h13 y45f0 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y45f0 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y45f1 w231 h116\"><div class=\"t m2 x1ca hc y4084 ff3 fs6 fc1 sc0 ls112 ws1e\">Der<span class=\"_ _0\"></span>ivative liabiliti<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13d6 y45f1 w2f h116\"><div class=\"t m2 x1ca hc y4084 ff6 fs6 fc1 sc0 ls56 ws55\">57,873<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13d7 y45f1 w3e h117\"><div class=\"t m2 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">43,821<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y45f2 w208 h11a\"><div class=\"t m2 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls114 ws10d\">Repurch<span class=\"_ _0\"></span>ase agreem<span class=\"_ _0\"></span>ents</div><div class=\"t m2 x416 h5a y41a8 ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa53 y45f3 w2f h116\"><div class=\"t m2 x1ca hc y4084 ff6 fs6 fc1 sc0 ls56 ws55\">22,117<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13d8 y45f3 w3e h117\"><div class=\"t m2 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">25,452<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y45f4 w3c6 h11a\"><div class=\"t m2 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls10a ws5a\">Other financial liabilities</div><div class=\"t m2 x413 h5a y41a8 ff3 fs1c fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3c6 y45f5 w36 h116\"><div class=\"t m2 x1ca hc y4084 ff6 fs6 fc1 sc0 ls56 ws55\">7,372<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3c7 y45f5 w37 h117\"><div class=\"t m2 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">9,166<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y45f6 w3c7 h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws23\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> payables<span class=\"_ _1\"></span> and other financial l<span class=\"_ _1\"></span>iabilities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13d9 y45f6 w2f h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">87,362<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13da y45f6 w3e h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">78,439<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4158 w242 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Du<span class=\"_ _0\"></span>e wit<span class=\"_ _0\"></span>hin 12 mon<span class=\"_ _0\"></span>ths<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x90a y4158 w2f h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">28,124<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x515 y4158 w3e h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">38,175<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w243 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Du<span class=\"_ _0\"></span>e af<span class=\"_ _0\"></span>ter 12 mont<span class=\"_ _0\"></span>hs<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x57c y40ae w2f h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">59,238<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3bf y40ae wd3 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">40,264<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs8d6\">1. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>Re<span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e ag<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>re p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d g<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>, h<span class=\"_ _0\"></span>owe<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>ey a<span class=\"_ _0\"></span>nd t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>r re<span class=\"_ _0\"></span>la<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>s (i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ed w<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>in d<span class=\"_ _0\"></span>eb<span class=\"_ _0\"></span>t s<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es) a<span class=\"_ _0\"></span>re s<span class=\"_ _0\"></span>ub<span class=\"_ _0\"></span>je<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t to m<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r n<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g a<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e si<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>nt </div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs8d7\">ma<span class=\"_ _0\"></span>jo<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y of r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e ag<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>re u<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>t l<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>ke<span class=\"_ _0\"></span>d.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs8d8\">2. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er fi<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>al l<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>bi<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>e tr<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>il c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>, l<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>se l<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>bi<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, F<span class=\"_ _0\"></span>X s<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d th<span class=\"_ _0\"></span>e va<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>e of s<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t p<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>s ta<span class=\"_ _0\"></span>ken o<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>t to c<span class=\"_ _0\"></span>ove<span class=\"_ _0\"></span>r r<span class=\"_ _0\"></span>eve<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>se r<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>se a<span class=\"_ _0\"></span>gr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e va<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>e of s<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t </div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs8d9\">po<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>s as a<span class=\"_ _0\"></span>t 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>4 was \u00a3<span class=\"_ _0\"></span>1,614m (2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>3: \u00a3<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>47m).<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h21 ff1 fs10 fc2 sc0 ls77 ws0 gs8da\">Fai<span class=\"_ _0\"></span>r va<span class=\"_ _0\"></span>lue h<span class=\"_ _0\"></span>iera<span class=\"_ _0\"></span>rchy<span class=\"_ _3b2\"> </span></div><div class=\"gs8db\"><table class=\"s w3b9 h135\" id=\"_48e452f6-ca43-4ce4-b7c5-78d65a29980e\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t m2 x13db h13 y45f7 ff5 fs9 fc1 sc0 ls115 ws4f\">Amor<span class=\"_ _0\"></span>tised<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x686 h13 y45f8 ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x13dc h13 y45f8 ff6 fs9 fc1 sc0 ls18 ws32\">Lev<span class=\"_ _0\"></span>el 1<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x75b h13 y45f8 ff6 fs9 fc1 sc0 ls18 ws32\">Lev<span class=\"_ _0\"></span>el 2<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x4e8 h13 y45f8 ff6 fs9 fc1 sc0 ls18 ws32\">Lev<span class=\"_ _0\"></span>el 3<span class=\"_ _3b2\"> </span></td><td class=\"c x13de y41c5 w3c8 h138\"><div class=\"t m2 x1ca h13 y4151 ff5 fs9 fc1 sc0 ls38 ws3a\">cost</div><div class=\"t m2 x13dd h99 y45f9 ff5 fs1b fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 h13 y45fa ff5 fs9 fc1 sc0 ls18 ws0\">As a<span class=\"_ _0\"></span>t 31 De<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>4<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x5ef h13 y45fa ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xac3 h13 y45fa ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x433 h13 y45fa ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 h13 y45fa ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 h13 y45fa ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y4192 w231 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls112 ws1e\">Der<span class=\"_ _0\"></span>ivative liabiliti<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13df y4192 w2f h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">57,873<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13e0 y4192 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">522<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13e1 y4192 w93 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">57,318<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13e2 y4192 w70 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">33<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13e3 y4192 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y419e w297 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls114 ws10d\">Repurch<span class=\"_ _0\"></span>ase agreem<span class=\"_ _0\"></span>ents<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13e4 y419e w2f h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">22,117<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1220 y419e wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13e5 y419e w2f h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">22,117<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13e6 y419e wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13e7 y419e wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4108 w3c9 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">Other financial liabilities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13e8 y4108 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">7,372<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13e9 y4108 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">2,797<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13ea y4108 w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">53<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13eb y4108 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13ec y4108 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">4,522<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w3c7 h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls1 ws23\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> payables<span class=\"_ _1\"></span> and other financial l<span class=\"_ _1\"></span>iabilities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1074 y40ae w2f h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">87,362<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa45 y40ae w36 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">3,319<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf4f y40ae w2f h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">79,488<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x65a y40ae w7b h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">33<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x704 y40ae w36 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">4,522<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"gs8dc\"><table class=\"s w3ca h1a3\" id=\"_553ab94a-6739-463a-93eb-0c73da322ff4\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t m2 x13db hf y45fb ff3 fs9 fc1 sc0 ls10a ws118\">Amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tised<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 xd40 hf y45fc ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xa6e hf y45fc ff3 fs9 fc1 sc0 ls18 ws0\">Lev<span class=\"_ _0\"></span>el 1<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x75b hf y45fc ff3 fs9 fc1 sc0 ls18 ws0\">Lev<span class=\"_ _0\"></span>el 2<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x503 hf y45fc ff3 fs9 fc1 sc0 ls18 ws0\">Lev<span class=\"_ _0\"></span>el 3<span class=\"_ _3b2\"> </span></td><td class=\"c x13ee y41bf w3cb h11e\"><div class=\"t m2 x1ca hf y415b ff3 fs9 fc1 sc0 ls168 ws183\">cost</div><div class=\"t m2 x13ed ha4 y41ad ff3 fs1b fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 hf y45fd ff3 fs9 fc1 sc0 ls18 ws0\">As a<span class=\"_ _0\"></span>t 31 De<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>3<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x5ef hf y45fd ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xac3 hf y45fd ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x433 hf y45fd ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 hf y45fd ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y45fd ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y419a w231 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls112 ws1e\">Der<span class=\"_ _0\"></span>ivative liabiliti<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13ef y419a w237 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">43,821<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13f0 y419a w42 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">627<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13f1 y419a w3e h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">43,147<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13f2 y419a w39 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">47<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe5d y419a wbd h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w297 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls114 ws10d\">Repurch<span class=\"_ _0\"></span>ase agreem<span class=\"_ _0\"></span>ents<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13f3 y4121 w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">25,452<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13f4 y4121 wbf h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7a7 y4121 w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">25,452<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13f5 y4121 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1224 y4121 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ac w3c9 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10a ws5a\">Other financial liabilities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13f6 y40ac wc5 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">9,166<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13f7 y40ac w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,103<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13f8 y40ac w39 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">59<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13f9 y40ac wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xbf6 y40ac w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">6,004<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w3cc h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10a ws5a\">T<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>tal payables<span class=\"_ _1\"></span> and other financial liabi<span class=\"_ _1\"></span>lities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13fa y40ae w237 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">78,439<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x78e y40ae w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,730<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x793 y40ae w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">68,658<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x139f y40ae w39 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">47<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x20d y40ae w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">6,004<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs8dd\">1. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>Th<span class=\"_ _0\"></span>e c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g va<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>e of p<span class=\"_ _0\"></span>aya<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r fi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>al l<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>bi<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>t am<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>pp<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>xi<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>s it<span class=\"_ _0\"></span>s fa<span class=\"_ _0\"></span>ir v<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs8de\">De<span class=\"_ _0\"></span>rivat<span class=\"_ _0\"></span>ive liabi<span class=\"_ _0\"></span>liti<span class=\"_ _0\"></span>es and rep<span class=\"_ _0\"></span>urc<span class=\"_ _0\"></span>hase agre<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts are meas<span class=\"_ _0\"></span>ured at fair valu<span class=\"_ _0\"></span>e, wi<span class=\"_ _0\"></span>th chan<span class=\"_ _0\"></span>ges in fair val<span class=\"_ _0\"></span>ue rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in profi<span class=\"_ _0\"></span>t or los<span class=\"_ _0\"></span>s.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs8df\">Th<span class=\"_ _0\"></span>e fair value of der<span class=\"_ _0\"></span>ivati<span class=\"_ _0\"></span>ve liabili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s is deri<span class=\"_ _0\"></span>ved usin<span class=\"_ _0\"></span>g broker qu<span class=\"_ _0\"></span>otes or mo<span class=\"_ _0\"></span>dels su<span class=\"_ _0\"></span>ch as opti<span class=\"_ _0\"></span>on pr<span class=\"_ _0\"></span>icin<span class=\"_ _0\"></span>g mod<span class=\"_ _0\"></span>els<span class=\"_ _0\"></span>, simu<span class=\"_ _0\"></span>latio<span class=\"_ _0\"></span>n mod<span class=\"_ _0\"></span>els or a co<span class=\"_ _0\"></span>mbi<span class=\"_ _0\"></span>natio<span class=\"_ _0\"></span>n </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs8e0\">of mode<span class=\"_ _0\"></span>ls. T<span class=\"_ _0\"></span>he inp<span class=\"_ _0\"></span>uts for th<span class=\"_ _0\"></span>ese mo<span class=\"_ _0\"></span>del<span class=\"_ _0\"></span>s incl<span class=\"_ _0\"></span>ude a ran<span class=\"_ _0\"></span>ge of factors wh<span class=\"_ _0\"></span>ich are de<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>med to be obs<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span>, inc<span class=\"_ _0\"></span>ludi<span class=\"_ _0\"></span>ng cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>t market an<span class=\"_ _0\"></span>d cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>tual<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs8e1\">pri<span class=\"_ _0\"></span>ces for un<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>ly<span class=\"_ _0\"></span>ing ins<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nts<span class=\"_ _0\"></span>, per<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d to <span class=\"_ _1\"></span>matu<span class=\"_ _0\"></span>rit<span class=\"_ _0\"></span>y, cor<span class=\"_ _0\"></span>relati<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>, yie<span class=\"_ _0\"></span>ld cur<span class=\"_ _3\"></span>ves and volati<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y of the und<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>lyi<span class=\"_ _0\"></span>ng ins<span class=\"_ _0\"></span>tru<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs8e2\">Repu<span class=\"_ _0\"></span>rch<span class=\"_ _0\"></span>ase agre<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s are value<span class=\"_ _0\"></span>d based o<span class=\"_ _0\"></span>n the disc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ted cash f<span class=\"_ _0\"></span>lows exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted to be paid, usi<span class=\"_ _0\"></span>ng an obs<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ble ma<span class=\"_ _0\"></span>rket intere<span class=\"_ _0\"></span>st rate, in lin<span class=\"_ _0\"></span>e with </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs8e3\">the valu<span class=\"_ _0\"></span>e of the unde<span class=\"_ _0\"></span>rl<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g sec<span class=\"_ _0\"></span>uri<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs8e4\">Wi<span class=\"_ _0\"></span>thin oth<span class=\"_ _0\"></span>er fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>, trail c<span class=\"_ _0\"></span>omm<span class=\"_ _0\"></span>issi<span class=\"_ _0\"></span>on is meas<span class=\"_ _0\"></span>ured at fair valu<span class=\"_ _0\"></span>e throu<span class=\"_ _0\"></span>gh prof<span class=\"_ _0\"></span>it o<span class=\"_ _0\"></span>r loss<span class=\"_ _0\"></span>. The bal<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e repre<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>ts a liabili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y for the pres<span class=\"_ _0\"></span>ent </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs8e5\">value of fu<span class=\"_ _0\"></span>ture co<span class=\"_ _0\"></span>mmis<span class=\"_ _0\"></span>sio<span class=\"_ _0\"></span>n cos<span class=\"_ _0\"></span>ts on distr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n agre<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ents wi<span class=\"_ _0\"></span>th inter<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>diar<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>, rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ised in th<span class=\"_ _0\"></span>e balan<span class=\"_ _0\"></span>ce sh<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t on inc<span class=\"_ _0\"></span>eptio<span class=\"_ _0\"></span>n of the con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>t </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs8e6\">and rem<span class=\"_ _0\"></span>easu<span class=\"_ _0\"></span>red at sub<span class=\"_ _0\"></span>seq<span class=\"_ _0\"></span>uen<span class=\"_ _0\"></span>t repo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng dates.<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs8e7\">Co<span class=\"_ _0\"></span>llatera<span class=\"_ _0\"></span>l repayab<span class=\"_ _0\"></span>le on sho<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t p<span class=\"_ _0\"></span>osit<span class=\"_ _0\"></span>ion reve<span class=\"_ _0\"></span>rse rep<span class=\"_ _0\"></span>urc<span class=\"_ _0\"></span>hase ag<span class=\"_ _0\"></span>ree<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts and othe<span class=\"_ _0\"></span>r fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial lia<span class=\"_ _0\"></span>bilit<span class=\"_ _0\"></span>ies bal<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, incl<span class=\"_ _0\"></span>udin<span class=\"_ _0\"></span>g F<span class=\"_ _0\"></span>X spots<span class=\"_ _0\"></span>, bro<span class=\"_ _0\"></span>ker and othe<span class=\"_ _0\"></span>r </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs8e8\">payabl<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, are measu<span class=\"_ _0\"></span>red at am<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ised c<span class=\"_ _0\"></span>ost<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e carr<span class=\"_ _3\"></span>yin<span class=\"_ _0\"></span>g value of thes<span class=\"_ _0\"></span>e liabili<span class=\"_ _0\"></span>ties ap<span class=\"_ _0\"></span>proxi<span class=\"_ _0\"></span>mates thei<span class=\"_ _0\"></span>r fair value<span class=\"_ _0\"></span>. </div><div class=\"t m2 h21 ff1 fs10 fc2 sc0 ls77 ws0 gs8e9\">Sign<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ica<span class=\"_ _0\"></span>nt tr<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>sfers bet<span class=\"_ _3\"></span>ween levels<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 lsd ws7f gs8ea\">Th<span class=\"_ _0\"></span>ere have been no sign<span class=\"_ _0\"></span>ifi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>nt transfer<span class=\"_ _0\"></span>s of <span class=\"_ _1\"></span>liabi<span class=\"_ _0\"></span>liti<span class=\"_ _0\"></span>es bet<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n Levels 1<span class=\"_ _1\"></span>, 2 <span class=\"_ _1\"></span>and 3 f<span class=\"_ _1\"></span>or the year end<span class=\"_ _0\"></span>ed 31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2024 (2023<span class=\"_ _0\"></span>: no signif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant trans<span class=\"_ _0\"></span>fers).<span class=\"_ _3b2\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherPayablesExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-659": {
   "value": "25<span class=\"ls8d ws0\">. <span class=\"_ _2e\"> </span>Paya<span class=\"_ _1\"></span>bl<span class=\"_ _1\"></span>es and o<span class=\"_ _1\"></span>ther fina<span class=\"_ _0\"></span>ncial liabilities<span class=\"_ _3b2\"> </span></span><table class=\"s w372 h1a2\" id=\"_5cd2640f-4bf2-4365-a095-6f078063b762\"><tr><td></td><td class=\"t m2 x1c6 h13 y45ef ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y45ef ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x1c8 h13 y45f0 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y45f0 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y45f1 w231 h116\"><div class=\"t m2 x1ca hc y4084 ff3 fs6 fc1 sc0 ls112 ws1e\">Der<span class=\"_ _0\"></span>ivative liabiliti<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13d6 y45f1 w2f h116\"><div class=\"t m2 x1ca hc y4084 ff6 fs6 fc1 sc0 ls56 ws55\">57,873<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13d7 y45f1 w3e h117\"><div class=\"t m2 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">43,821<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y45f2 w208 h11a\"><div class=\"t m2 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls114 ws10d\">Repurch<span class=\"_ _0\"></span>ase agreem<span class=\"_ _0\"></span>ents</div><div class=\"t m2 x416 h5a y41a8 ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa53 y45f3 w2f h116\"><div class=\"t m2 x1ca hc y4084 ff6 fs6 fc1 sc0 ls56 ws55\">22,117<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13d8 y45f3 w3e h117\"><div class=\"t m2 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">25,452<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y45f4 w3c6 h11a\"><div class=\"t m2 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls10a ws5a\">Other financial liabilities</div><div class=\"t m2 x413 h5a y41a8 ff3 fs1c fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3c6 y45f5 w36 h116\"><div class=\"t m2 x1ca hc y4084 ff6 fs6 fc1 sc0 ls56 ws55\">7,372<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3c7 y45f5 w37 h117\"><div class=\"t m2 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">9,166<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y45f6 w3c7 h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws23\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> payables<span class=\"_ _1\"></span> and other financial l<span class=\"_ _1\"></span>iabilities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13d9 y45f6 w2f h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">87,362<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13da y45f6 w3e h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">78,439<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4158 w242 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Du<span class=\"_ _0\"></span>e wit<span class=\"_ _0\"></span>hin 12 mon<span class=\"_ _0\"></span>ths<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x90a y4158 w2f h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">28,124<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x515 y4158 w3e h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">38,175<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w243 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Du<span class=\"_ _0\"></span>e af<span class=\"_ _0\"></span>ter 12 mont<span class=\"_ _0\"></span>hs<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x57c y40ae w2f h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">59,238<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3bf y40ae wd3 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">40,264<span class=\"_ _3b2\"> </span></div></td></tr></table>1. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>Re<span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e ag<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>re p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d g<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>, h<span class=\"_ _0\"></span>owe<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>ey a<span class=\"_ _0\"></span>nd t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>r re<span class=\"_ _0\"></span>la<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>s (i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ed w<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>in d<span class=\"_ _0\"></span>eb<span class=\"_ _0\"></span>t s<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es) a<span class=\"_ _0\"></span>re s<span class=\"_ _0\"></span>ub<span class=\"_ _0\"></span>je<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t to m<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r n<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g a<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e si<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>nt ma<span class=\"_ _0\"></span>jo<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y of r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e ag<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>re u<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>t l<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>ke<span class=\"_ _0\"></span>d.<span class=\"_ _3b2\"> </span>2. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er fi<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>al l<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>bi<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>e tr<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>il c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>, l<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>se l<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>bi<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, F<span class=\"_ _0\"></span>X s<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d th<span class=\"_ _0\"></span>e va<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>e of s<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t p<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>s ta<span class=\"_ _0\"></span>ken o<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>t to c<span class=\"_ _0\"></span>ove<span class=\"_ _0\"></span>r r<span class=\"_ _0\"></span>eve<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>se r<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>se a<span class=\"_ _0\"></span>gr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e va<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>e of s<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t po<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>s as a<span class=\"_ _0\"></span>t 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>4 was \u00a3<span class=\"_ _0\"></span>1,614m (2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>3: \u00a3<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>47m).<span class=\"_ _3b2\"> </span>Fai<span class=\"_ _0\"></span>r va<span class=\"_ _0\"></span>lue h<span class=\"_ _0\"></span>iera<span class=\"_ _0\"></span>rchy<span class=\"_ _3b2\"> </span><table class=\"s w3b9 h135\" id=\"_48e452f6-ca43-4ce4-b7c5-78d65a29980e\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t m2 x13db h13 y45f7 ff5 fs9 fc1 sc0 ls115 ws4f\">Amor<span class=\"_ _0\"></span>tised<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x686 h13 y45f8 ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x13dc h13 y45f8 ff6 fs9 fc1 sc0 ls18 ws32\">Lev<span class=\"_ _0\"></span>el 1<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x75b h13 y45f8 ff6 fs9 fc1 sc0 ls18 ws32\">Lev<span class=\"_ _0\"></span>el 2<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x4e8 h13 y45f8 ff6 fs9 fc1 sc0 ls18 ws32\">Lev<span class=\"_ _0\"></span>el 3<span class=\"_ _3b2\"> </span></td><td class=\"c x13de y41c5 w3c8 h138\"><div class=\"t m2 x1ca h13 y4151 ff5 fs9 fc1 sc0 ls38 ws3a\">cost</div><div class=\"t m2 x13dd h99 y45f9 ff5 fs1b fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 h13 y45fa ff5 fs9 fc1 sc0 ls18 ws0\">As a<span class=\"_ _0\"></span>t 31 De<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>4<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x5ef h13 y45fa ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xac3 h13 y45fa ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x433 h13 y45fa ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 h13 y45fa ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 h13 y45fa ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y4192 w231 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls112 ws1e\">Der<span class=\"_ _0\"></span>ivative liabiliti<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13df y4192 w2f h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">57,873<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13e0 y4192 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">522<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13e1 y4192 w93 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">57,318<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13e2 y4192 w70 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">33<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13e3 y4192 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y419e w297 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls114 ws10d\">Repurch<span class=\"_ _0\"></span>ase agreem<span class=\"_ _0\"></span>ents<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13e4 y419e w2f h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">22,117<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1220 y419e wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13e5 y419e w2f h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">22,117<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13e6 y419e wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13e7 y419e wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4108 w3c9 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">Other financial liabilities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13e8 y4108 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">7,372<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13e9 y4108 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">2,797<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13ea y4108 w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">53<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13eb y4108 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13ec y4108 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">4,522<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w3c7 h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls1 ws23\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> payables<span class=\"_ _1\"></span> and other financial l<span class=\"_ _1\"></span>iabilities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1074 y40ae w2f h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">87,362<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa45 y40ae w36 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">3,319<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf4f y40ae w2f h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">79,488<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x65a y40ae w7b h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">33<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x704 y40ae w36 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">4,522<span class=\"_ _3b2\"> </span></div></td></tr></table><table class=\"s w3ca h1a3\" id=\"_553ab94a-6739-463a-93eb-0c73da322ff4\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t m2 x13db hf y45fb ff3 fs9 fc1 sc0 ls10a ws118\">Amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tised<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 xd40 hf y45fc ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xa6e hf y45fc ff3 fs9 fc1 sc0 ls18 ws0\">Lev<span class=\"_ _0\"></span>el 1<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x75b hf y45fc ff3 fs9 fc1 sc0 ls18 ws0\">Lev<span class=\"_ _0\"></span>el 2<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x503 hf y45fc ff3 fs9 fc1 sc0 ls18 ws0\">Lev<span class=\"_ _0\"></span>el 3<span class=\"_ _3b2\"> </span></td><td class=\"c x13ee y41bf w3cb h11e\"><div class=\"t m2 x1ca hf y415b ff3 fs9 fc1 sc0 ls168 ws183\">cost</div><div class=\"t m2 x13ed ha4 y41ad ff3 fs1b fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 hf y45fd ff3 fs9 fc1 sc0 ls18 ws0\">As a<span class=\"_ _0\"></span>t 31 De<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>3<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x5ef hf y45fd ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xac3 hf y45fd ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x433 hf y45fd ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 hf y45fd ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y45fd ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y419a w231 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls112 ws1e\">Der<span class=\"_ _0\"></span>ivative liabiliti<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13ef y419a w237 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">43,821<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13f0 y419a w42 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">627<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13f1 y419a w3e h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">43,147<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13f2 y419a w39 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">47<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe5d y419a wbd h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w297 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls114 ws10d\">Repurch<span class=\"_ _0\"></span>ase agreem<span class=\"_ _0\"></span>ents<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13f3 y4121 w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">25,452<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13f4 y4121 wbf h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7a7 y4121 w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">25,452<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13f5 y4121 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1224 y4121 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ac w3c9 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10a ws5a\">Other financial liabilities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13f6 y40ac wc5 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">9,166<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13f7 y40ac w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,103<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13f8 y40ac w39 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">59<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13f9 y40ac wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xbf6 y40ac w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">6,004<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w3cc h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10a ws5a\">T<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>tal payables<span class=\"_ _1\"></span> and other financial liabi<span class=\"_ _1\"></span>lities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13fa y40ae w237 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">78,439<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x78e y40ae w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,730<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x793 y40ae w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">68,658<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x139f y40ae w39 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">47<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x20d y40ae w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">6,004<span class=\"_ _3b2\"> </span></div></td></tr></table>1. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>Th<span class=\"_ _0\"></span>e c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g va<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>e of p<span class=\"_ _0\"></span>aya<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r fi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>al l<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>bi<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>t am<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>pp<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>xi<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>s it<span class=\"_ _0\"></span>s fa<span class=\"_ _0\"></span>ir v<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>De<span class=\"_ _0\"></span>rivat<span class=\"_ _0\"></span>ive liabi<span class=\"_ _0\"></span>liti<span class=\"_ _0\"></span>es and rep<span class=\"_ _0\"></span>urc<span class=\"_ _0\"></span>hase agre<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts are meas<span class=\"_ _0\"></span>ured at fair valu<span class=\"_ _0\"></span>e, wi<span class=\"_ _0\"></span>th chan<span class=\"_ _0\"></span>ges in fair val<span class=\"_ _0\"></span>ue rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in profi<span class=\"_ _0\"></span>t or los<span class=\"_ _0\"></span>s.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e fair value of der<span class=\"_ _0\"></span>ivati<span class=\"_ _0\"></span>ve liabili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s is deri<span class=\"_ _0\"></span>ved usin<span class=\"_ _0\"></span>g broker qu<span class=\"_ _0\"></span>otes or mo<span class=\"_ _0\"></span>dels su<span class=\"_ _0\"></span>ch as opti<span class=\"_ _0\"></span>on pr<span class=\"_ _0\"></span>icin<span class=\"_ _0\"></span>g mod<span class=\"_ _0\"></span>els<span class=\"_ _0\"></span>, simu<span class=\"_ _0\"></span>latio<span class=\"_ _0\"></span>n mod<span class=\"_ _0\"></span>els or a co<span class=\"_ _0\"></span>mbi<span class=\"_ _0\"></span>natio<span class=\"_ _0\"></span>n of mode<span class=\"_ _0\"></span>ls. T<span class=\"_ _0\"></span>he inp<span class=\"_ _0\"></span>uts for th<span class=\"_ _0\"></span>ese mo<span class=\"_ _0\"></span>del<span class=\"_ _0\"></span>s incl<span class=\"_ _0\"></span>ude a ran<span class=\"_ _0\"></span>ge of factors wh<span class=\"_ _0\"></span>ich are de<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>med to be obs<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span>, inc<span class=\"_ _0\"></span>ludi<span class=\"_ _0\"></span>ng cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>t market an<span class=\"_ _0\"></span>d cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>tual<span class=\"_ _0\"></span> pri<span class=\"_ _0\"></span>ces for un<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>ly<span class=\"_ _0\"></span>ing ins<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nts<span class=\"_ _0\"></span>, per<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d to <span class=\"_ _1\"></span>matu<span class=\"_ _0\"></span>rit<span class=\"_ _0\"></span>y, cor<span class=\"_ _0\"></span>relati<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>, yie<span class=\"_ _0\"></span>ld cur<span class=\"_ _3\"></span>ves and volati<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y of the und<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>lyi<span class=\"_ _0\"></span>ng ins<span class=\"_ _0\"></span>tru<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts.<span class=\"_ _3b2\"> </span>Repu<span class=\"_ _0\"></span>rch<span class=\"_ _0\"></span>ase agre<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s are value<span class=\"_ _0\"></span>d based o<span class=\"_ _0\"></span>n the disc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ted cash f<span class=\"_ _0\"></span>lows exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted to be paid, usi<span class=\"_ _0\"></span>ng an obs<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ble ma<span class=\"_ _0\"></span>rket intere<span class=\"_ _0\"></span>st rate, in lin<span class=\"_ _0\"></span>e with the valu<span class=\"_ _0\"></span>e of the unde<span class=\"_ _0\"></span>rl<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g sec<span class=\"_ _0\"></span>uri<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y.<span class=\"_ _3b2\"> </span>Wi<span class=\"_ _0\"></span>thin oth<span class=\"_ _0\"></span>er fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>, trail c<span class=\"_ _0\"></span>omm<span class=\"_ _0\"></span>issi<span class=\"_ _0\"></span>on is meas<span class=\"_ _0\"></span>ured at fair valu<span class=\"_ _0\"></span>e throu<span class=\"_ _0\"></span>gh prof<span class=\"_ _0\"></span>it o<span class=\"_ _0\"></span>r loss<span class=\"_ _0\"></span>. The bal<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e repre<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>ts a liabili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y for the pres<span class=\"_ _0\"></span>ent value of fu<span class=\"_ _0\"></span>ture co<span class=\"_ _0\"></span>mmis<span class=\"_ _0\"></span>sio<span class=\"_ _0\"></span>n cos<span class=\"_ _0\"></span>ts on distr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n agre<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ents wi<span class=\"_ _0\"></span>th inter<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>diar<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>, rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ised in th<span class=\"_ _0\"></span>e balan<span class=\"_ _0\"></span>ce sh<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t on inc<span class=\"_ _0\"></span>eptio<span class=\"_ _0\"></span>n of the con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>t and rem<span class=\"_ _0\"></span>easu<span class=\"_ _0\"></span>red at sub<span class=\"_ _0\"></span>seq<span class=\"_ _0\"></span>uen<span class=\"_ _0\"></span>t repo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng dates.<span class=\"_ _0\"></span> Co<span class=\"_ _0\"></span>llatera<span class=\"_ _0\"></span>l repayab<span class=\"_ _0\"></span>le on sho<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t p<span class=\"_ _0\"></span>osit<span class=\"_ _0\"></span>ion reve<span class=\"_ _0\"></span>rse rep<span class=\"_ _0\"></span>urc<span class=\"_ _0\"></span>hase ag<span class=\"_ _0\"></span>ree<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts and othe<span class=\"_ _0\"></span>r fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial lia<span class=\"_ _0\"></span>bilit<span class=\"_ _0\"></span>ies bal<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, incl<span class=\"_ _0\"></span>udin<span class=\"_ _0\"></span>g F<span class=\"_ _0\"></span>X spots<span class=\"_ _0\"></span>, bro<span class=\"_ _0\"></span>ker and othe<span class=\"_ _0\"></span>r payabl<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, are measu<span class=\"_ _0\"></span>red at am<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ised c<span class=\"_ _0\"></span>ost<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e carr<span class=\"_ _3\"></span>yin<span class=\"_ _0\"></span>g value of thes<span class=\"_ _0\"></span>e liabili<span class=\"_ _0\"></span>ties ap<span class=\"_ _0\"></span>proxi<span class=\"_ _0\"></span>mates thei<span class=\"_ _0\"></span>r fair value<span class=\"_ _0\"></span>. Sign<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ica<span class=\"_ _0\"></span>nt tr<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>sfers bet<span class=\"_ _3\"></span>ween levels<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>ere have been no sign<span class=\"_ _0\"></span>ifi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>nt transfer<span class=\"_ _0\"></span>s of <span class=\"_ _1\"></span>liabi<span class=\"_ _0\"></span>liti<span class=\"_ _0\"></span>es bet<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n Levels 1<span class=\"_ _1\"></span>, 2 <span class=\"_ _1\"></span>and 3 f<span class=\"_ _1\"></span>or the year end<span class=\"_ _0\"></span>ed 31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2024 (2023<span class=\"_ _0\"></span>: no signif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant trans<span class=\"_ _0\"></span>fers).<span class=\"_ _3b2\"> </span>36<span class=\"lsa5 ws91\">. <span class=\"_ _10\"> </span>O<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span> l<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>abi<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></span><table class=\"s w15d h1c1\" id=\"_65a91a87-c0b8-43f8-838d-caaacdaae443\"><tr><td></td><td class=\"t m2 x1c6 h13 y46d0 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y46d0 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x1c8 h13 y46d1 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y46d1 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y40c0 w4a9 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls180 ws19b\">Accruals<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x209 y40c0 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">597<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x20a y40c0 w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">508<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c1 w4aa h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls12e wsca\">Def<span class=\"_ _1\"></span>erred i<span class=\"_ _1\"></span>ncome<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1619 y40c1 w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">12<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x161a y40c1 w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">29<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c2 w141 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 lsea ws122\">Othe<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x225 y40c2 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">341<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3b7 y40c2 w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">143<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w4ab h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws23\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> other liabilities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x563 y4121 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">950<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x564 y4121 w4b h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">680<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ac w242 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Du<span class=\"_ _0\"></span>e wit<span class=\"_ _0\"></span>hin 12 mon<span class=\"_ _0\"></span>ths<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x68a y40ac w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">922<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x161b y40ac w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">673<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w243 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Du<span class=\"_ _0\"></span>e af<span class=\"_ _0\"></span>ter 12 mont<span class=\"_ _0\"></span>hs<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x22f y40ae w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">28<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13bf y40ae w75 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">7</div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-691": {
   "value": "25<span class=\"ls8d ws0\">. <span class=\"_ _2e\"> </span>Paya<span class=\"_ _1\"></span>bl<span class=\"_ _1\"></span>es and o<span class=\"_ _1\"></span>ther fina<span class=\"_ _0\"></span>ncial liabilities<span class=\"_ _3b2\"> </span></span><table class=\"s w372 h1a2\" id=\"_5cd2640f-4bf2-4365-a095-6f078063b762\"><tr><td></td><td class=\"t m2 x1c6 h13 y45ef ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y45ef ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x1c8 h13 y45f0 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y45f0 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y45f1 w231 h116\"><div class=\"t m2 x1ca hc y4084 ff3 fs6 fc1 sc0 ls112 ws1e\">Der<span class=\"_ _0\"></span>ivative liabiliti<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13d6 y45f1 w2f h116\"><div class=\"t m2 x1ca hc y4084 ff6 fs6 fc1 sc0 ls56 ws55\">57,873<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13d7 y45f1 w3e h117\"><div class=\"t m2 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">43,821<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y45f2 w208 h11a\"><div class=\"t m2 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls114 ws10d\">Repurch<span class=\"_ _0\"></span>ase agreem<span class=\"_ _0\"></span>ents</div><div class=\"t m2 x416 h5a y41a8 ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa53 y45f3 w2f h116\"><div class=\"t m2 x1ca hc y4084 ff6 fs6 fc1 sc0 ls56 ws55\">22,117<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13d8 y45f3 w3e h117\"><div class=\"t m2 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">25,452<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y45f4 w3c6 h11a\"><div class=\"t m2 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls10a ws5a\">Other financial liabilities</div><div class=\"t m2 x413 h5a y41a8 ff3 fs1c fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3c6 y45f5 w36 h116\"><div class=\"t m2 x1ca hc y4084 ff6 fs6 fc1 sc0 ls56 ws55\">7,372<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3c7 y45f5 w37 h117\"><div class=\"t m2 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">9,166<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y45f6 w3c7 h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws23\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> payables<span class=\"_ _1\"></span> and other financial l<span class=\"_ _1\"></span>iabilities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13d9 y45f6 w2f h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">87,362<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13da y45f6 w3e h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">78,439<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4158 w242 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Du<span class=\"_ _0\"></span>e wit<span class=\"_ _0\"></span>hin 12 mon<span class=\"_ _0\"></span>ths<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x90a y4158 w2f h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">28,124<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x515 y4158 w3e h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">38,175<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w243 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Du<span class=\"_ _0\"></span>e af<span class=\"_ _0\"></span>ter 12 mont<span class=\"_ _0\"></span>hs<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x57c y40ae w2f h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">59,238<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3bf y40ae wd3 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">40,264<span class=\"_ _3b2\"> </span></div></td></tr></table>1. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>Re<span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e ag<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>re p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d g<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>, h<span class=\"_ _0\"></span>owe<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>ey a<span class=\"_ _0\"></span>nd t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>r re<span class=\"_ _0\"></span>la<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>s (i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ed w<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>in d<span class=\"_ _0\"></span>eb<span class=\"_ _0\"></span>t s<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es) a<span class=\"_ _0\"></span>re s<span class=\"_ _0\"></span>ub<span class=\"_ _0\"></span>je<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t to m<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r n<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g a<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e si<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>nt ma<span class=\"_ _0\"></span>jo<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y of r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e ag<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>re u<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>t l<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>ke<span class=\"_ _0\"></span>d.<span class=\"_ _3b2\"> </span>2. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er fi<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>al l<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>bi<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>e tr<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>il c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>, l<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>se l<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>bi<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, F<span class=\"_ _0\"></span>X s<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d th<span class=\"_ _0\"></span>e va<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>e of s<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t p<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>s ta<span class=\"_ _0\"></span>ken o<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>t to c<span class=\"_ _0\"></span>ove<span class=\"_ _0\"></span>r r<span class=\"_ _0\"></span>eve<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>se r<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>se a<span class=\"_ _0\"></span>gr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e va<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>e of s<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t po<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>s as a<span class=\"_ _0\"></span>t 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>4 was \u00a3<span class=\"_ _0\"></span>1,614m (2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>3: \u00a3<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>47m).<span class=\"_ _3b2\"> </span>Fai<span class=\"_ _0\"></span>r va<span class=\"_ _0\"></span>lue h<span class=\"_ _0\"></span>iera<span class=\"_ _0\"></span>rchy<span class=\"_ _3b2\"> </span><table class=\"s w3b9 h135\" id=\"_48e452f6-ca43-4ce4-b7c5-78d65a29980e\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t m2 x13db h13 y45f7 ff5 fs9 fc1 sc0 ls115 ws4f\">Amor<span class=\"_ _0\"></span>tised<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x686 h13 y45f8 ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x13dc h13 y45f8 ff6 fs9 fc1 sc0 ls18 ws32\">Lev<span class=\"_ _0\"></span>el 1<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x75b h13 y45f8 ff6 fs9 fc1 sc0 ls18 ws32\">Lev<span class=\"_ _0\"></span>el 2<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x4e8 h13 y45f8 ff6 fs9 fc1 sc0 ls18 ws32\">Lev<span class=\"_ _0\"></span>el 3<span class=\"_ _3b2\"> </span></td><td class=\"c x13de y41c5 w3c8 h138\"><div class=\"t m2 x1ca h13 y4151 ff5 fs9 fc1 sc0 ls38 ws3a\">cost</div><div class=\"t m2 x13dd h99 y45f9 ff5 fs1b fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 h13 y45fa ff5 fs9 fc1 sc0 ls18 ws0\">As a<span class=\"_ _0\"></span>t 31 De<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>4<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x5ef h13 y45fa ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xac3 h13 y45fa ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x433 h13 y45fa ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 h13 y45fa ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 h13 y45fa ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y4192 w231 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls112 ws1e\">Der<span class=\"_ _0\"></span>ivative liabiliti<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13df y4192 w2f h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">57,873<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13e0 y4192 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">522<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13e1 y4192 w93 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">57,318<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13e2 y4192 w70 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">33<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13e3 y4192 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y419e w297 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls114 ws10d\">Repurch<span class=\"_ _0\"></span>ase agreem<span class=\"_ _0\"></span>ents<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13e4 y419e w2f h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">22,117<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1220 y419e wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13e5 y419e w2f h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">22,117<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13e6 y419e wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13e7 y419e wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4108 w3c9 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">Other financial liabilities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13e8 y4108 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">7,372<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13e9 y4108 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">2,797<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13ea y4108 w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">53<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13eb y4108 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13ec y4108 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">4,522<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w3c7 h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls1 ws23\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> payables<span class=\"_ _1\"></span> and other financial l<span class=\"_ _1\"></span>iabilities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1074 y40ae w2f h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">87,362<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa45 y40ae w36 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">3,319<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf4f y40ae w2f h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">79,488<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x65a y40ae w7b h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">33<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x704 y40ae w36 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">4,522<span class=\"_ _3b2\"> </span></div></td></tr></table><table class=\"s w3ca h1a3\" id=\"_553ab94a-6739-463a-93eb-0c73da322ff4\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t m2 x13db hf y45fb ff3 fs9 fc1 sc0 ls10a ws118\">Amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tised<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 xd40 hf y45fc ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xa6e hf y45fc ff3 fs9 fc1 sc0 ls18 ws0\">Lev<span class=\"_ _0\"></span>el 1<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x75b hf y45fc ff3 fs9 fc1 sc0 ls18 ws0\">Lev<span class=\"_ _0\"></span>el 2<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x503 hf y45fc ff3 fs9 fc1 sc0 ls18 ws0\">Lev<span class=\"_ _0\"></span>el 3<span class=\"_ _3b2\"> </span></td><td class=\"c x13ee y41bf w3cb h11e\"><div class=\"t m2 x1ca hf y415b ff3 fs9 fc1 sc0 ls168 ws183\">cost</div><div class=\"t m2 x13ed ha4 y41ad ff3 fs1b fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 hf y45fd ff3 fs9 fc1 sc0 ls18 ws0\">As a<span class=\"_ _0\"></span>t 31 De<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>3<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x5ef hf y45fd ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xac3 hf y45fd ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x433 hf y45fd ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 hf y45fd ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y45fd ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y419a w231 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls112 ws1e\">Der<span class=\"_ _0\"></span>ivative liabiliti<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13ef y419a w237 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">43,821<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13f0 y419a w42 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">627<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13f1 y419a w3e h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">43,147<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13f2 y419a w39 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">47<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe5d y419a wbd h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w297 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls114 ws10d\">Repurch<span class=\"_ _0\"></span>ase agreem<span class=\"_ _0\"></span>ents<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13f3 y4121 w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">25,452<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13f4 y4121 wbf h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7a7 y4121 w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">25,452<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13f5 y4121 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1224 y4121 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ac w3c9 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10a ws5a\">Other financial liabilities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13f6 y40ac wc5 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">9,166<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13f7 y40ac w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,103<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13f8 y40ac w39 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">59<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13f9 y40ac wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xbf6 y40ac w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">6,004<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w3cc h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10a ws5a\">T<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>tal payables<span class=\"_ _1\"></span> and other financial liabi<span class=\"_ _1\"></span>lities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13fa y40ae w237 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">78,439<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x78e y40ae w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,730<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x793 y40ae w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">68,658<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x139f y40ae w39 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">47<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x20d y40ae w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">6,004<span class=\"_ _3b2\"> </span></div></td></tr></table>1. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>Th<span class=\"_ _0\"></span>e c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g va<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>e of p<span class=\"_ _0\"></span>aya<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r fi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>al l<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>bi<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>t am<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>pp<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>xi<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>s it<span class=\"_ _0\"></span>s fa<span class=\"_ _0\"></span>ir v<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>De<span class=\"_ _0\"></span>rivat<span class=\"_ _0\"></span>ive liabi<span class=\"_ _0\"></span>liti<span class=\"_ _0\"></span>es and rep<span class=\"_ _0\"></span>urc<span class=\"_ _0\"></span>hase agre<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts are meas<span class=\"_ _0\"></span>ured at fair valu<span class=\"_ _0\"></span>e, wi<span class=\"_ _0\"></span>th chan<span class=\"_ _0\"></span>ges in fair val<span class=\"_ _0\"></span>ue rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in profi<span class=\"_ _0\"></span>t or los<span class=\"_ _0\"></span>s.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e fair value of der<span class=\"_ _0\"></span>ivati<span class=\"_ _0\"></span>ve liabili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s is deri<span class=\"_ _0\"></span>ved usin<span class=\"_ _0\"></span>g broker qu<span class=\"_ _0\"></span>otes or mo<span class=\"_ _0\"></span>dels su<span class=\"_ _0\"></span>ch as opti<span class=\"_ _0\"></span>on pr<span class=\"_ _0\"></span>icin<span class=\"_ _0\"></span>g mod<span class=\"_ _0\"></span>els<span class=\"_ _0\"></span>, simu<span class=\"_ _0\"></span>latio<span class=\"_ _0\"></span>n mod<span class=\"_ _0\"></span>els or a co<span class=\"_ _0\"></span>mbi<span class=\"_ _0\"></span>natio<span class=\"_ _0\"></span>n of mode<span class=\"_ _0\"></span>ls. T<span class=\"_ _0\"></span>he inp<span class=\"_ _0\"></span>uts for th<span class=\"_ _0\"></span>ese mo<span class=\"_ _0\"></span>del<span class=\"_ _0\"></span>s incl<span class=\"_ _0\"></span>ude a ran<span class=\"_ _0\"></span>ge of factors wh<span class=\"_ _0\"></span>ich are de<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>med to be obs<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span>, inc<span class=\"_ _0\"></span>ludi<span class=\"_ _0\"></span>ng cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>t market an<span class=\"_ _0\"></span>d cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>tual<span class=\"_ _0\"></span> pri<span class=\"_ _0\"></span>ces for un<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>ly<span class=\"_ _0\"></span>ing ins<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nts<span class=\"_ _0\"></span>, per<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d to <span class=\"_ _1\"></span>matu<span class=\"_ _0\"></span>rit<span class=\"_ _0\"></span>y, cor<span class=\"_ _0\"></span>relati<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>, yie<span class=\"_ _0\"></span>ld cur<span class=\"_ _3\"></span>ves and volati<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y of the und<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>lyi<span class=\"_ _0\"></span>ng ins<span class=\"_ _0\"></span>tru<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts.<span class=\"_ _3b2\"> </span>Repu<span class=\"_ _0\"></span>rch<span class=\"_ _0\"></span>ase agre<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s are value<span class=\"_ _0\"></span>d based o<span class=\"_ _0\"></span>n the disc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ted cash f<span class=\"_ _0\"></span>lows exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted to be paid, usi<span class=\"_ _0\"></span>ng an obs<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ble ma<span class=\"_ _0\"></span>rket intere<span class=\"_ _0\"></span>st rate, in lin<span class=\"_ _0\"></span>e with the valu<span class=\"_ _0\"></span>e of the unde<span class=\"_ _0\"></span>rl<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g sec<span class=\"_ _0\"></span>uri<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y.<span class=\"_ _3b2\"> </span>Wi<span class=\"_ _0\"></span>thin oth<span class=\"_ _0\"></span>er fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>, trail c<span class=\"_ _0\"></span>omm<span class=\"_ _0\"></span>issi<span class=\"_ _0\"></span>on is meas<span class=\"_ _0\"></span>ured at fair valu<span class=\"_ _0\"></span>e throu<span class=\"_ _0\"></span>gh prof<span class=\"_ _0\"></span>it o<span class=\"_ _0\"></span>r loss<span class=\"_ _0\"></span>. The bal<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e repre<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>ts a liabili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y for the pres<span class=\"_ _0\"></span>ent value of fu<span class=\"_ _0\"></span>ture co<span class=\"_ _0\"></span>mmis<span class=\"_ _0\"></span>sio<span class=\"_ _0\"></span>n cos<span class=\"_ _0\"></span>ts on distr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n agre<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ents wi<span class=\"_ _0\"></span>th inter<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>diar<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>, rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ised in th<span class=\"_ _0\"></span>e balan<span class=\"_ _0\"></span>ce sh<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t on inc<span class=\"_ _0\"></span>eptio<span class=\"_ _0\"></span>n of the con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>t and rem<span class=\"_ _0\"></span>easu<span class=\"_ _0\"></span>red at sub<span class=\"_ _0\"></span>seq<span class=\"_ _0\"></span>uen<span class=\"_ _0\"></span>t repo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng dates.<span class=\"_ _0\"></span> Co<span class=\"_ _0\"></span>llatera<span class=\"_ _0\"></span>l repayab<span class=\"_ _0\"></span>le on sho<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t p<span class=\"_ _0\"></span>osit<span class=\"_ _0\"></span>ion reve<span class=\"_ _0\"></span>rse rep<span class=\"_ _0\"></span>urc<span class=\"_ _0\"></span>hase ag<span class=\"_ _0\"></span>ree<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts and othe<span class=\"_ _0\"></span>r fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial lia<span class=\"_ _0\"></span>bilit<span class=\"_ _0\"></span>ies bal<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, incl<span class=\"_ _0\"></span>udin<span class=\"_ _0\"></span>g F<span class=\"_ _0\"></span>X spots<span class=\"_ _0\"></span>, bro<span class=\"_ _0\"></span>ker and othe<span class=\"_ _0\"></span>r payabl<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, are measu<span class=\"_ _0\"></span>red at am<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ised c<span class=\"_ _0\"></span>ost<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e carr<span class=\"_ _3\"></span>yin<span class=\"_ _0\"></span>g value of thes<span class=\"_ _0\"></span>e liabili<span class=\"_ _0\"></span>ties ap<span class=\"_ _0\"></span>proxi<span class=\"_ _0\"></span>mates thei<span class=\"_ _0\"></span>r fair value<span class=\"_ _0\"></span>. Sign<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ica<span class=\"_ _0\"></span>nt tr<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>sfers bet<span class=\"_ _3\"></span>ween levels<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>ere have been no sign<span class=\"_ _0\"></span>ifi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>nt transfer<span class=\"_ _0\"></span>s of <span class=\"_ _1\"></span>liabi<span class=\"_ _0\"></span>liti<span class=\"_ _0\"></span>es bet<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n Levels 1<span class=\"_ _1\"></span>, 2 <span class=\"_ _1\"></span>and 3 f<span class=\"_ _1\"></span>or the year end<span class=\"_ _0\"></span>ed 31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2024 (2023<span class=\"_ _0\"></span>: no signif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant trans<span class=\"_ _0\"></span>fers).<span class=\"_ _3b2\"> </span>36<span class=\"lsa5 ws91\">. <span class=\"_ _10\"> </span>O<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span> l<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>abi<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></span><table class=\"s w15d h1c1\" id=\"_65a91a87-c0b8-43f8-838d-caaacdaae443\"><tr><td></td><td class=\"t m2 x1c6 h13 y46d0 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y46d0 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x1c8 h13 y46d1 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y46d1 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y40c0 w4a9 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls180 ws19b\">Accruals<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x209 y40c0 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">597<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x20a y40c0 w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">508<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c1 w4aa h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls12e wsca\">Def<span class=\"_ _1\"></span>erred i<span class=\"_ _1\"></span>ncome<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1619 y40c1 w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">12<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x161a y40c1 w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">29<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c2 w141 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 lsea ws122\">Othe<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x225 y40c2 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">341<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3b7 y40c2 w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">143<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w4ab h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws23\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> other liabilities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x563 y4121 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">950<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x564 y4121 w4b h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">680<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ac w242 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Du<span class=\"_ _0\"></span>e wit<span class=\"_ _0\"></span>hin 12 mon<span class=\"_ _0\"></span>ths<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x68a y40ac w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">922<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x161b y40ac w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">673<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w243 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Du<span class=\"_ _0\"></span>e af<span class=\"_ _0\"></span>ter 12 mont<span class=\"_ _0\"></span>hs<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x22f y40ae w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">28<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13bf y40ae w75 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">7</div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherCurrentLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-713": {
   "value": "25<span class=\"ls8d ws0\">. <span class=\"_ _2e\"> </span>Paya<span class=\"_ _1\"></span>bl<span class=\"_ _1\"></span>es and o<span class=\"_ _1\"></span>ther fina<span class=\"_ _0\"></span>ncial liabilities<span class=\"_ _3b2\"> </span></span><table class=\"s w372 h1a2\" id=\"_5cd2640f-4bf2-4365-a095-6f078063b762\"><tr><td></td><td class=\"t m2 x1c6 h13 y45ef ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y45ef ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x1c8 h13 y45f0 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y45f0 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y45f1 w231 h116\"><div class=\"t m2 x1ca hc y4084 ff3 fs6 fc1 sc0 ls112 ws1e\">Der<span class=\"_ _0\"></span>ivative liabiliti<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13d6 y45f1 w2f h116\"><div class=\"t m2 x1ca hc y4084 ff6 fs6 fc1 sc0 ls56 ws55\">57,873<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13d7 y45f1 w3e h117\"><div class=\"t m2 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">43,821<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y45f2 w208 h11a\"><div class=\"t m2 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls114 ws10d\">Repurch<span class=\"_ _0\"></span>ase agreem<span class=\"_ _0\"></span>ents</div><div class=\"t m2 x416 h5a y41a8 ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa53 y45f3 w2f h116\"><div class=\"t m2 x1ca hc y4084 ff6 fs6 fc1 sc0 ls56 ws55\">22,117<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13d8 y45f3 w3e h117\"><div class=\"t m2 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">25,452<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y45f4 w3c6 h11a\"><div class=\"t m2 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls10a ws5a\">Other financial liabilities</div><div class=\"t m2 x413 h5a y41a8 ff3 fs1c fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3c6 y45f5 w36 h116\"><div class=\"t m2 x1ca hc y4084 ff6 fs6 fc1 sc0 ls56 ws55\">7,372<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3c7 y45f5 w37 h117\"><div class=\"t m2 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">9,166<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y45f6 w3c7 h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws23\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> payables<span class=\"_ _1\"></span> and other financial l<span class=\"_ _1\"></span>iabilities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13d9 y45f6 w2f h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">87,362<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13da y45f6 w3e h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">78,439<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4158 w242 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Du<span class=\"_ _0\"></span>e wit<span class=\"_ _0\"></span>hin 12 mon<span class=\"_ _0\"></span>ths<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x90a y4158 w2f h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">28,124<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x515 y4158 w3e h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">38,175<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w243 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Du<span class=\"_ _0\"></span>e af<span class=\"_ _0\"></span>ter 12 mont<span class=\"_ _0\"></span>hs<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x57c y40ae w2f h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">59,238<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3bf y40ae wd3 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">40,264<span class=\"_ _3b2\"> </span></div></td></tr></table>1. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>Re<span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e ag<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>re p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d g<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>, h<span class=\"_ _0\"></span>owe<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>ey a<span class=\"_ _0\"></span>nd t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>r re<span class=\"_ _0\"></span>la<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>s (i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ed w<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>in d<span class=\"_ _0\"></span>eb<span class=\"_ _0\"></span>t s<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es) a<span class=\"_ _0\"></span>re s<span class=\"_ _0\"></span>ub<span class=\"_ _0\"></span>je<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t to m<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r n<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g a<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e si<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>nt ma<span class=\"_ _0\"></span>jo<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y of r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e ag<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>re u<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>t l<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>ke<span class=\"_ _0\"></span>d.<span class=\"_ _3b2\"> </span>2. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er fi<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>al l<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>bi<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>e tr<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>il c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>, l<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>se l<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>bi<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, F<span class=\"_ _0\"></span>X s<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d th<span class=\"_ _0\"></span>e va<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>e of s<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t p<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>s ta<span class=\"_ _0\"></span>ken o<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>t to c<span class=\"_ _0\"></span>ove<span class=\"_ _0\"></span>r r<span class=\"_ _0\"></span>eve<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>se r<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>se a<span class=\"_ _0\"></span>gr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e va<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>e of s<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t po<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>s as a<span class=\"_ _0\"></span>t 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>4 was \u00a3<span class=\"_ _0\"></span>1,614m (2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>3: \u00a3<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>47m).<span class=\"_ _3b2\"> </span>Fai<span class=\"_ _0\"></span>r va<span class=\"_ _0\"></span>lue h<span class=\"_ _0\"></span>iera<span class=\"_ _0\"></span>rchy<span class=\"_ _3b2\"> </span><table class=\"s w3b9 h135\" id=\"_48e452f6-ca43-4ce4-b7c5-78d65a29980e\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t m2 x13db h13 y45f7 ff5 fs9 fc1 sc0 ls115 ws4f\">Amor<span class=\"_ _0\"></span>tised<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x686 h13 y45f8 ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x13dc h13 y45f8 ff6 fs9 fc1 sc0 ls18 ws32\">Lev<span class=\"_ _0\"></span>el 1<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x75b h13 y45f8 ff6 fs9 fc1 sc0 ls18 ws32\">Lev<span class=\"_ _0\"></span>el 2<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x4e8 h13 y45f8 ff6 fs9 fc1 sc0 ls18 ws32\">Lev<span class=\"_ _0\"></span>el 3<span class=\"_ _3b2\"> </span></td><td class=\"c x13de y41c5 w3c8 h138\"><div class=\"t m2 x1ca h13 y4151 ff5 fs9 fc1 sc0 ls38 ws3a\">cost</div><div class=\"t m2 x13dd h99 y45f9 ff5 fs1b fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 h13 y45fa ff5 fs9 fc1 sc0 ls18 ws0\">As a<span class=\"_ _0\"></span>t 31 De<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>4<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x5ef h13 y45fa ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xac3 h13 y45fa ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x433 h13 y45fa ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 h13 y45fa ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 h13 y45fa ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y4192 w231 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls112 ws1e\">Der<span class=\"_ _0\"></span>ivative liabiliti<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13df y4192 w2f h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">57,873<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13e0 y4192 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">522<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13e1 y4192 w93 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">57,318<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13e2 y4192 w70 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">33<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13e3 y4192 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y419e w297 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls114 ws10d\">Repurch<span class=\"_ _0\"></span>ase agreem<span class=\"_ _0\"></span>ents<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13e4 y419e w2f h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">22,117<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1220 y419e wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13e5 y419e w2f h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">22,117<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13e6 y419e wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13e7 y419e wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4108 w3c9 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">Other financial liabilities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13e8 y4108 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">7,372<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13e9 y4108 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">2,797<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13ea y4108 w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">53<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13eb y4108 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13ec y4108 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">4,522<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w3c7 h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls1 ws23\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> payables<span class=\"_ _1\"></span> and other financial l<span class=\"_ _1\"></span>iabilities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1074 y40ae w2f h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">87,362<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa45 y40ae w36 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">3,319<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf4f y40ae w2f h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">79,488<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x65a y40ae w7b h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">33<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x704 y40ae w36 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">4,522<span class=\"_ _3b2\"> </span></div></td></tr></table><table class=\"s w3ca h1a3\" id=\"_553ab94a-6739-463a-93eb-0c73da322ff4\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t m2 x13db hf y45fb ff3 fs9 fc1 sc0 ls10a ws118\">Amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tised<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 xd40 hf y45fc ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xa6e hf y45fc ff3 fs9 fc1 sc0 ls18 ws0\">Lev<span class=\"_ _0\"></span>el 1<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x75b hf y45fc ff3 fs9 fc1 sc0 ls18 ws0\">Lev<span class=\"_ _0\"></span>el 2<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x503 hf y45fc ff3 fs9 fc1 sc0 ls18 ws0\">Lev<span class=\"_ _0\"></span>el 3<span class=\"_ _3b2\"> </span></td><td class=\"c x13ee y41bf w3cb h11e\"><div class=\"t m2 x1ca hf y415b ff3 fs9 fc1 sc0 ls168 ws183\">cost</div><div class=\"t m2 x13ed ha4 y41ad ff3 fs1b fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 hf y45fd ff3 fs9 fc1 sc0 ls18 ws0\">As a<span class=\"_ _0\"></span>t 31 De<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>3<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x5ef hf y45fd ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xac3 hf y45fd ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x433 hf y45fd ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 hf y45fd ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y45fd ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y419a w231 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls112 ws1e\">Der<span class=\"_ _0\"></span>ivative liabiliti<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13ef y419a w237 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">43,821<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13f0 y419a w42 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">627<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13f1 y419a w3e h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">43,147<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13f2 y419a w39 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">47<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe5d y419a wbd h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w297 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls114 ws10d\">Repurch<span class=\"_ _0\"></span>ase agreem<span class=\"_ _0\"></span>ents<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13f3 y4121 w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">25,452<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13f4 y4121 wbf h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7a7 y4121 w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">25,452<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13f5 y4121 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1224 y4121 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ac w3c9 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10a ws5a\">Other financial liabilities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13f6 y40ac wc5 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">9,166<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13f7 y40ac w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,103<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13f8 y40ac w39 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">59<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13f9 y40ac wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xbf6 y40ac w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">6,004<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w3cc h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10a ws5a\">T<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>tal payables<span class=\"_ _1\"></span> and other financial liabi<span class=\"_ _1\"></span>lities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13fa y40ae w237 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">78,439<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x78e y40ae w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,730<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x793 y40ae w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">68,658<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x139f y40ae w39 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">47<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x20d y40ae w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">6,004<span class=\"_ _3b2\"> </span></div></td></tr></table>1. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>Th<span class=\"_ _0\"></span>e c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g va<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>e of p<span class=\"_ _0\"></span>aya<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r fi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>al l<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>bi<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>t am<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>pp<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>xi<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>s it<span class=\"_ _0\"></span>s fa<span class=\"_ _0\"></span>ir v<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>De<span class=\"_ _0\"></span>rivat<span class=\"_ _0\"></span>ive liabi<span class=\"_ _0\"></span>liti<span class=\"_ _0\"></span>es and rep<span class=\"_ _0\"></span>urc<span class=\"_ _0\"></span>hase agre<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts are meas<span class=\"_ _0\"></span>ured at fair valu<span class=\"_ _0\"></span>e, wi<span class=\"_ _0\"></span>th chan<span class=\"_ _0\"></span>ges in fair val<span class=\"_ _0\"></span>ue rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in profi<span class=\"_ _0\"></span>t or los<span class=\"_ _0\"></span>s.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e fair value of der<span class=\"_ _0\"></span>ivati<span class=\"_ _0\"></span>ve liabili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s is deri<span class=\"_ _0\"></span>ved usin<span class=\"_ _0\"></span>g broker qu<span class=\"_ _0\"></span>otes or mo<span class=\"_ _0\"></span>dels su<span class=\"_ _0\"></span>ch as opti<span class=\"_ _0\"></span>on pr<span class=\"_ _0\"></span>icin<span class=\"_ _0\"></span>g mod<span class=\"_ _0\"></span>els<span class=\"_ _0\"></span>, simu<span class=\"_ _0\"></span>latio<span class=\"_ _0\"></span>n mod<span class=\"_ _0\"></span>els or a co<span class=\"_ _0\"></span>mbi<span class=\"_ _0\"></span>natio<span class=\"_ _0\"></span>n of mode<span class=\"_ _0\"></span>ls. T<span class=\"_ _0\"></span>he inp<span class=\"_ _0\"></span>uts for th<span class=\"_ _0\"></span>ese mo<span class=\"_ _0\"></span>del<span class=\"_ _0\"></span>s incl<span class=\"_ _0\"></span>ude a ran<span class=\"_ _0\"></span>ge of factors wh<span class=\"_ _0\"></span>ich are de<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>med to be obs<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span>, inc<span class=\"_ _0\"></span>ludi<span class=\"_ _0\"></span>ng cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>t market an<span class=\"_ _0\"></span>d cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>tual<span class=\"_ _0\"></span> pri<span class=\"_ _0\"></span>ces for un<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>ly<span class=\"_ _0\"></span>ing ins<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nts<span class=\"_ _0\"></span>, per<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d to <span class=\"_ _1\"></span>matu<span class=\"_ _0\"></span>rit<span class=\"_ _0\"></span>y, cor<span class=\"_ _0\"></span>relati<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>, yie<span class=\"_ _0\"></span>ld cur<span class=\"_ _3\"></span>ves and volati<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y of the und<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>lyi<span class=\"_ _0\"></span>ng ins<span class=\"_ _0\"></span>tru<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts.<span class=\"_ _3b2\"> </span>Repu<span class=\"_ _0\"></span>rch<span class=\"_ _0\"></span>ase agre<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s are value<span class=\"_ _0\"></span>d based o<span class=\"_ _0\"></span>n the disc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ted cash f<span class=\"_ _0\"></span>lows exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted to be paid, usi<span class=\"_ _0\"></span>ng an obs<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ble ma<span class=\"_ _0\"></span>rket intere<span class=\"_ _0\"></span>st rate, in lin<span class=\"_ _0\"></span>e with the valu<span class=\"_ _0\"></span>e of the unde<span class=\"_ _0\"></span>rl<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g sec<span class=\"_ _0\"></span>uri<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y.<span class=\"_ _3b2\"> </span>Wi<span class=\"_ _0\"></span>thin oth<span class=\"_ _0\"></span>er fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>, trail c<span class=\"_ _0\"></span>omm<span class=\"_ _0\"></span>issi<span class=\"_ _0\"></span>on is meas<span class=\"_ _0\"></span>ured at fair valu<span class=\"_ _0\"></span>e throu<span class=\"_ _0\"></span>gh prof<span class=\"_ _0\"></span>it o<span class=\"_ _0\"></span>r loss<span class=\"_ _0\"></span>. The bal<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e repre<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>ts a liabili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y for the pres<span class=\"_ _0\"></span>ent value of fu<span class=\"_ _0\"></span>ture co<span class=\"_ _0\"></span>mmis<span class=\"_ _0\"></span>sio<span class=\"_ _0\"></span>n cos<span class=\"_ _0\"></span>ts on distr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n agre<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ents wi<span class=\"_ _0\"></span>th inter<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>diar<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>, rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ised in th<span class=\"_ _0\"></span>e balan<span class=\"_ _0\"></span>ce sh<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t on inc<span class=\"_ _0\"></span>eptio<span class=\"_ _0\"></span>n of the con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>t and rem<span class=\"_ _0\"></span>easu<span class=\"_ _0\"></span>red at sub<span class=\"_ _0\"></span>seq<span class=\"_ _0\"></span>uen<span class=\"_ _0\"></span>t repo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng dates.<span class=\"_ _0\"></span> Co<span class=\"_ _0\"></span>llatera<span class=\"_ _0\"></span>l repayab<span class=\"_ _0\"></span>le on sho<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t p<span class=\"_ _0\"></span>osit<span class=\"_ _0\"></span>ion reve<span class=\"_ _0\"></span>rse rep<span class=\"_ _0\"></span>urc<span class=\"_ _0\"></span>hase ag<span class=\"_ _0\"></span>ree<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts and othe<span class=\"_ _0\"></span>r fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial lia<span class=\"_ _0\"></span>bilit<span class=\"_ _0\"></span>ies bal<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, incl<span class=\"_ _0\"></span>udin<span class=\"_ _0\"></span>g F<span class=\"_ _0\"></span>X spots<span class=\"_ _0\"></span>, bro<span class=\"_ _0\"></span>ker and othe<span class=\"_ _0\"></span>r payabl<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, are measu<span class=\"_ _0\"></span>red at am<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ised c<span class=\"_ _0\"></span>ost<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e carr<span class=\"_ _3\"></span>yin<span class=\"_ _0\"></span>g value of thes<span class=\"_ _0\"></span>e liabili<span class=\"_ _0\"></span>ties ap<span class=\"_ _0\"></span>proxi<span class=\"_ _0\"></span>mates thei<span class=\"_ _0\"></span>r fair value<span class=\"_ _0\"></span>. Sign<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ica<span class=\"_ _0\"></span>nt tr<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>sfers bet<span class=\"_ _3\"></span>ween levels<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>ere have been no sign<span class=\"_ _0\"></span>ifi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>nt transfer<span class=\"_ _0\"></span>s of <span class=\"_ _1\"></span>liabi<span class=\"_ _0\"></span>liti<span class=\"_ _0\"></span>es bet<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n Levels 1<span class=\"_ _1\"></span>, 2 <span class=\"_ _1\"></span>and 3 f<span class=\"_ _1\"></span>or the year end<span class=\"_ _0\"></span>ed 31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2024 (2023<span class=\"_ _0\"></span>: no signif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant trans<span class=\"_ _0\"></span>fers).<span class=\"_ _3b2\"> </span>36<span class=\"lsa5 ws91\">. <span class=\"_ _10\"> </span>O<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span> l<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>abi<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></span><table class=\"s w15d h1c1\" id=\"_65a91a87-c0b8-43f8-838d-caaacdaae443\"><tr><td></td><td class=\"t m2 x1c6 h13 y46d0 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y46d0 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x1c8 h13 y46d1 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y46d1 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y40c0 w4a9 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls180 ws19b\">Accruals<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x209 y40c0 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">597<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x20a y40c0 w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">508<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c1 w4aa h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls12e wsca\">Def<span class=\"_ _1\"></span>erred i<span class=\"_ _1\"></span>ncome<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1619 y40c1 w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">12<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x161a y40c1 w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">29<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c2 w141 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 lsea ws122\">Othe<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x225 y40c2 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">341<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3b7 y40c2 w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">143<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w4ab h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws23\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> other liabilities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x563 y4121 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">950<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x564 y4121 w4b h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">680<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ac w242 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Du<span class=\"_ _0\"></span>e wit<span class=\"_ _0\"></span>hin 12 mon<span class=\"_ _0\"></span>ths<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x68a y40ac w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">922<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x161b y40ac w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">673<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w243 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Du<span class=\"_ _0\"></span>e af<span class=\"_ _0\"></span>ter 12 mont<span class=\"_ _0\"></span>hs<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x22f y40ae w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">28<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13bf y40ae w75 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">7</div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherNoncurrentLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-722": {
   "value": "25<span class=\"ls8d ws0\">. <span class=\"_ _2e\"> </span>Paya<span class=\"_ _1\"></span>bl<span class=\"_ _1\"></span>es and o<span class=\"_ _1\"></span>ther fina<span class=\"_ _0\"></span>ncial liabilities<span class=\"_ _3b2\"> </span></span><table class=\"s w372 h1a2\" id=\"_5cd2640f-4bf2-4365-a095-6f078063b762\"><tr><td></td><td class=\"t m2 x1c6 h13 y45ef ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y45ef ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x1c8 h13 y45f0 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y45f0 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y45f1 w231 h116\"><div class=\"t m2 x1ca hc y4084 ff3 fs6 fc1 sc0 ls112 ws1e\">Der<span class=\"_ _0\"></span>ivative liabiliti<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13d6 y45f1 w2f h116\"><div class=\"t m2 x1ca hc y4084 ff6 fs6 fc1 sc0 ls56 ws55\">57,873<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13d7 y45f1 w3e h117\"><div class=\"t m2 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">43,821<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y45f2 w208 h11a\"><div class=\"t m2 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls114 ws10d\">Repurch<span class=\"_ _0\"></span>ase agreem<span class=\"_ _0\"></span>ents</div><div class=\"t m2 x416 h5a y41a8 ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa53 y45f3 w2f h116\"><div class=\"t m2 x1ca hc y4084 ff6 fs6 fc1 sc0 ls56 ws55\">22,117<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13d8 y45f3 w3e h117\"><div class=\"t m2 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">25,452<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y45f4 w3c6 h11a\"><div class=\"t m2 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls10a ws5a\">Other financial liabilities</div><div class=\"t m2 x413 h5a y41a8 ff3 fs1c fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3c6 y45f5 w36 h116\"><div class=\"t m2 x1ca hc y4084 ff6 fs6 fc1 sc0 ls56 ws55\">7,372<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3c7 y45f5 w37 h117\"><div class=\"t m2 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">9,166<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y45f6 w3c7 h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws23\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> payables<span class=\"_ _1\"></span> and other financial l<span class=\"_ _1\"></span>iabilities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13d9 y45f6 w2f h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">87,362<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13da y45f6 w3e h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">78,439<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4158 w242 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Du<span class=\"_ _0\"></span>e wit<span class=\"_ _0\"></span>hin 12 mon<span class=\"_ _0\"></span>ths<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x90a y4158 w2f h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">28,124<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x515 y4158 w3e h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">38,175<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w243 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Du<span class=\"_ _0\"></span>e af<span class=\"_ _0\"></span>ter 12 mont<span class=\"_ _0\"></span>hs<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x57c y40ae w2f h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">59,238<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3bf y40ae wd3 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">40,264<span class=\"_ _3b2\"> </span></div></td></tr></table>1. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>Re<span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e ag<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>re p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d g<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>, h<span class=\"_ _0\"></span>owe<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>ey a<span class=\"_ _0\"></span>nd t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>r re<span class=\"_ _0\"></span>la<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>s (i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ed w<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>in d<span class=\"_ _0\"></span>eb<span class=\"_ _0\"></span>t s<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es) a<span class=\"_ _0\"></span>re s<span class=\"_ _0\"></span>ub<span class=\"_ _0\"></span>je<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t to m<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r n<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g a<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e si<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>nt ma<span class=\"_ _0\"></span>jo<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y of r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e ag<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>re u<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>t l<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>ke<span class=\"_ _0\"></span>d.<span class=\"_ _3b2\"> </span>2. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er fi<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>al l<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>bi<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>e tr<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>il c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>, l<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>se l<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>bi<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, F<span class=\"_ _0\"></span>X s<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d th<span class=\"_ _0\"></span>e va<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>e of s<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t p<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>s ta<span class=\"_ _0\"></span>ken o<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>t to c<span class=\"_ _0\"></span>ove<span class=\"_ _0\"></span>r r<span class=\"_ _0\"></span>eve<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>se r<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>se a<span class=\"_ _0\"></span>gr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e va<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>e of s<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t po<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>s as a<span class=\"_ _0\"></span>t 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>4 was \u00a3<span class=\"_ _0\"></span>1,614m (2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>3: \u00a3<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>47m).<span class=\"_ _3b2\"> </span>Fai<span class=\"_ _0\"></span>r va<span class=\"_ _0\"></span>lue h<span class=\"_ _0\"></span>iera<span class=\"_ _0\"></span>rchy<span class=\"_ _3b2\"> </span><table class=\"s w3b9 h135\" id=\"_48e452f6-ca43-4ce4-b7c5-78d65a29980e\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t m2 x13db h13 y45f7 ff5 fs9 fc1 sc0 ls115 ws4f\">Amor<span class=\"_ _0\"></span>tised<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x686 h13 y45f8 ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x13dc h13 y45f8 ff6 fs9 fc1 sc0 ls18 ws32\">Lev<span class=\"_ _0\"></span>el 1<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x75b h13 y45f8 ff6 fs9 fc1 sc0 ls18 ws32\">Lev<span class=\"_ _0\"></span>el 2<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x4e8 h13 y45f8 ff6 fs9 fc1 sc0 ls18 ws32\">Lev<span class=\"_ _0\"></span>el 3<span class=\"_ _3b2\"> </span></td><td class=\"c x13de y41c5 w3c8 h138\"><div class=\"t m2 x1ca h13 y4151 ff5 fs9 fc1 sc0 ls38 ws3a\">cost</div><div class=\"t m2 x13dd h99 y45f9 ff5 fs1b fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 h13 y45fa ff5 fs9 fc1 sc0 ls18 ws0\">As a<span class=\"_ _0\"></span>t 31 De<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>4<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x5ef h13 y45fa ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xac3 h13 y45fa ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x433 h13 y45fa ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 h13 y45fa ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 h13 y45fa ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y4192 w231 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls112 ws1e\">Der<span class=\"_ _0\"></span>ivative liabiliti<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13df y4192 w2f h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">57,873<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13e0 y4192 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">522<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13e1 y4192 w93 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">57,318<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13e2 y4192 w70 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">33<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13e3 y4192 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y419e w297 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls114 ws10d\">Repurch<span class=\"_ _0\"></span>ase agreem<span class=\"_ _0\"></span>ents<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13e4 y419e w2f h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">22,117<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1220 y419e wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13e5 y419e w2f h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">22,117<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13e6 y419e wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13e7 y419e wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4108 w3c9 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">Other financial liabilities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13e8 y4108 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">7,372<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13e9 y4108 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">2,797<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13ea y4108 w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">53<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13eb y4108 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13ec y4108 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">4,522<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w3c7 h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls1 ws23\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> payables<span class=\"_ _1\"></span> and other financial l<span class=\"_ _1\"></span>iabilities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1074 y40ae w2f h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">87,362<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa45 y40ae w36 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">3,319<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf4f y40ae w2f h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">79,488<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x65a y40ae w7b h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">33<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x704 y40ae w36 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">4,522<span class=\"_ _3b2\"> </span></div></td></tr></table><table class=\"s w3ca h1a3\" id=\"_553ab94a-6739-463a-93eb-0c73da322ff4\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t m2 x13db hf y45fb ff3 fs9 fc1 sc0 ls10a ws118\">Amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tised<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 xd40 hf y45fc ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xa6e hf y45fc ff3 fs9 fc1 sc0 ls18 ws0\">Lev<span class=\"_ _0\"></span>el 1<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x75b hf y45fc ff3 fs9 fc1 sc0 ls18 ws0\">Lev<span class=\"_ _0\"></span>el 2<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x503 hf y45fc ff3 fs9 fc1 sc0 ls18 ws0\">Lev<span class=\"_ _0\"></span>el 3<span class=\"_ _3b2\"> </span></td><td class=\"c x13ee y41bf w3cb h11e\"><div class=\"t m2 x1ca hf y415b ff3 fs9 fc1 sc0 ls168 ws183\">cost</div><div class=\"t m2 x13ed ha4 y41ad ff3 fs1b fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 hf y45fd ff3 fs9 fc1 sc0 ls18 ws0\">As a<span class=\"_ _0\"></span>t 31 De<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>3<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x5ef hf y45fd ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xac3 hf y45fd ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x433 hf y45fd ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 hf y45fd ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y45fd ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y419a w231 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls112 ws1e\">Der<span class=\"_ _0\"></span>ivative liabiliti<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13ef y419a w237 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">43,821<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13f0 y419a w42 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">627<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13f1 y419a w3e h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">43,147<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13f2 y419a w39 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">47<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe5d y419a wbd h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w297 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls114 ws10d\">Repurch<span class=\"_ _0\"></span>ase agreem<span class=\"_ _0\"></span>ents<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13f3 y4121 w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">25,452<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13f4 y4121 wbf h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7a7 y4121 w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">25,452<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13f5 y4121 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1224 y4121 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ac w3c9 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10a ws5a\">Other financial liabilities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13f6 y40ac wc5 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">9,166<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13f7 y40ac w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,103<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13f8 y40ac w39 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">59<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13f9 y40ac wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xbf6 y40ac w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">6,004<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w3cc h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10a ws5a\">T<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>tal payables<span class=\"_ _1\"></span> and other financial liabi<span class=\"_ _1\"></span>lities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13fa y40ae w237 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">78,439<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x78e y40ae w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,730<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x793 y40ae w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">68,658<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x139f y40ae w39 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">47<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x20d y40ae w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">6,004<span class=\"_ _3b2\"> </span></div></td></tr></table>1. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>Th<span class=\"_ _0\"></span>e c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g va<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>e of p<span class=\"_ _0\"></span>aya<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r fi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>al l<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>bi<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>t am<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>pp<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>xi<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>s it<span class=\"_ _0\"></span>s fa<span class=\"_ _0\"></span>ir v<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>De<span class=\"_ _0\"></span>rivat<span class=\"_ _0\"></span>ive liabi<span class=\"_ _0\"></span>liti<span class=\"_ _0\"></span>es and rep<span class=\"_ _0\"></span>urc<span class=\"_ _0\"></span>hase agre<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts are meas<span class=\"_ _0\"></span>ured at fair valu<span class=\"_ _0\"></span>e, wi<span class=\"_ _0\"></span>th chan<span class=\"_ _0\"></span>ges in fair val<span class=\"_ _0\"></span>ue rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in profi<span class=\"_ _0\"></span>t or los<span class=\"_ _0\"></span>s.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e fair value of der<span class=\"_ _0\"></span>ivati<span class=\"_ _0\"></span>ve liabili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s is deri<span class=\"_ _0\"></span>ved usin<span class=\"_ _0\"></span>g broker qu<span class=\"_ _0\"></span>otes or mo<span class=\"_ _0\"></span>dels su<span class=\"_ _0\"></span>ch as opti<span class=\"_ _0\"></span>on pr<span class=\"_ _0\"></span>icin<span class=\"_ _0\"></span>g mod<span class=\"_ _0\"></span>els<span class=\"_ _0\"></span>, simu<span class=\"_ _0\"></span>latio<span class=\"_ _0\"></span>n mod<span class=\"_ _0\"></span>els or a co<span class=\"_ _0\"></span>mbi<span class=\"_ _0\"></span>natio<span class=\"_ _0\"></span>n of mode<span class=\"_ _0\"></span>ls. T<span class=\"_ _0\"></span>he inp<span class=\"_ _0\"></span>uts for th<span class=\"_ _0\"></span>ese mo<span class=\"_ _0\"></span>del<span class=\"_ _0\"></span>s incl<span class=\"_ _0\"></span>ude a ran<span class=\"_ _0\"></span>ge of factors wh<span class=\"_ _0\"></span>ich are de<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>med to be obs<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span>, inc<span class=\"_ _0\"></span>ludi<span class=\"_ _0\"></span>ng cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>t market an<span class=\"_ _0\"></span>d cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>tual<span class=\"_ _0\"></span> pri<span class=\"_ _0\"></span>ces for un<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>ly<span class=\"_ _0\"></span>ing ins<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nts<span class=\"_ _0\"></span>, per<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d to <span class=\"_ _1\"></span>matu<span class=\"_ _0\"></span>rit<span class=\"_ _0\"></span>y, cor<span class=\"_ _0\"></span>relati<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>, yie<span class=\"_ _0\"></span>ld cur<span class=\"_ _3\"></span>ves and volati<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y of the und<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>lyi<span class=\"_ _0\"></span>ng ins<span class=\"_ _0\"></span>tru<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts.<span class=\"_ _3b2\"> </span>Repu<span class=\"_ _0\"></span>rch<span class=\"_ _0\"></span>ase agre<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s are value<span class=\"_ _0\"></span>d based o<span class=\"_ _0\"></span>n the disc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ted cash f<span class=\"_ _0\"></span>lows exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted to be paid, usi<span class=\"_ _0\"></span>ng an obs<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>ble ma<span class=\"_ _0\"></span>rket intere<span class=\"_ _0\"></span>st rate, in lin<span class=\"_ _0\"></span>e with the valu<span class=\"_ _0\"></span>e of the unde<span class=\"_ _0\"></span>rl<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g sec<span class=\"_ _0\"></span>uri<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y.<span class=\"_ _3b2\"> </span>Wi<span class=\"_ _0\"></span>thin oth<span class=\"_ _0\"></span>er fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>, trail c<span class=\"_ _0\"></span>omm<span class=\"_ _0\"></span>issi<span class=\"_ _0\"></span>on is meas<span class=\"_ _0\"></span>ured at fair valu<span class=\"_ _0\"></span>e throu<span class=\"_ _0\"></span>gh prof<span class=\"_ _0\"></span>it o<span class=\"_ _0\"></span>r loss<span class=\"_ _0\"></span>. The bal<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e repre<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>ts a liabili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y for the pres<span class=\"_ _0\"></span>ent value of fu<span class=\"_ _0\"></span>ture co<span class=\"_ _0\"></span>mmis<span class=\"_ _0\"></span>sio<span class=\"_ _0\"></span>n cos<span class=\"_ _0\"></span>ts on distr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n agre<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ents wi<span class=\"_ _0\"></span>th inter<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>diar<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>, rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ised in th<span class=\"_ _0\"></span>e balan<span class=\"_ _0\"></span>ce sh<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t on inc<span class=\"_ _0\"></span>eptio<span class=\"_ _0\"></span>n of the con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>t and rem<span class=\"_ _0\"></span>easu<span class=\"_ _0\"></span>red at sub<span class=\"_ _0\"></span>seq<span class=\"_ _0\"></span>uen<span class=\"_ _0\"></span>t repo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng dates.<span class=\"_ _0\"></span> Co<span class=\"_ _0\"></span>llatera<span class=\"_ _0\"></span>l repayab<span class=\"_ _0\"></span>le on sho<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t p<span class=\"_ _0\"></span>osit<span class=\"_ _0\"></span>ion reve<span class=\"_ _0\"></span>rse rep<span class=\"_ _0\"></span>urc<span class=\"_ _0\"></span>hase ag<span class=\"_ _0\"></span>ree<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts and othe<span class=\"_ _0\"></span>r fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial lia<span class=\"_ _0\"></span>bilit<span class=\"_ _0\"></span>ies bal<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, incl<span class=\"_ _0\"></span>udin<span class=\"_ _0\"></span>g F<span class=\"_ _0\"></span>X spots<span class=\"_ _0\"></span>, bro<span class=\"_ _0\"></span>ker and othe<span class=\"_ _0\"></span>r payabl<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, are measu<span class=\"_ _0\"></span>red at am<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ised c<span class=\"_ _0\"></span>ost<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e carr<span class=\"_ _3\"></span>yin<span class=\"_ _0\"></span>g value of thes<span class=\"_ _0\"></span>e liabili<span class=\"_ _0\"></span>ties ap<span class=\"_ _0\"></span>proxi<span class=\"_ _0\"></span>mates thei<span class=\"_ _0\"></span>r fair value<span class=\"_ _0\"></span>. Sign<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ica<span class=\"_ _0\"></span>nt tr<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>sfers bet<span class=\"_ _3\"></span>ween levels<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>ere have been no sign<span class=\"_ _0\"></span>ifi<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>nt transfer<span class=\"_ _0\"></span>s of <span class=\"_ _1\"></span>liabi<span class=\"_ _0\"></span>liti<span class=\"_ _0\"></span>es bet<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n Levels 1<span class=\"_ _1\"></span>, 2 <span class=\"_ _1\"></span>and 3 f<span class=\"_ _1\"></span>or the year end<span class=\"_ _0\"></span>ed 31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2024 (2023<span class=\"_ _0\"></span>: no signif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant trans<span class=\"_ _0\"></span>fers).<span class=\"_ _3b2\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-606": {
   "value": "<div class=\"t m2 he ff1 fs8 fc2 sc0 ls3e ws46 gs8ec\">26<span class=\"lsba ws1d0\">. Leases<span class=\"_ _3b2\"> </span></span></div><div class=\"t m2 h21 ff1 fs10 fc2 sc0 ls77 ws0 gs8ed\">(i<span class=\"_ _1\"></span>) <span class=\"_ _8\"> </span>Group as a less<span class=\"_ _0\"></span>ee<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs8ee\">Th<span class=\"_ _0\"></span>e Group l<span class=\"_ _0\"></span>eases of<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>es, ve<span class=\"_ _0\"></span>hicl<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, IT equ<span class=\"_ _0\"></span>ipm<span class=\"_ _0\"></span>ent an<span class=\"_ _0\"></span>d investm<span class=\"_ _0\"></span>ent pr<span class=\"_ _0\"></span>ope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es und<span class=\"_ _0\"></span>er no<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>cel<span class=\"_ _0\"></span>labl<span class=\"_ _0\"></span>e ope<span class=\"_ _0\"></span>ratin<span class=\"_ _0\"></span>g leas<span class=\"_ _0\"></span>e agree<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts<span class=\"_ _0\"></span>. Note 1<span class=\"_ _4\"></span>1 Pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls18 ws32 gs8ef\">plant an<span class=\"_ _0\"></span>d equip<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt shows movem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts in right-<span class=\"_ _0\"></span>of-<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>se asset<span class=\"_ _0\"></span>s reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed on the Co<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>lidate<span class=\"_ _0\"></span>d Balan<span class=\"_ _0\"></span>ce Sh<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>et withi<span class=\"_ _0\"></span>n Prope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, plant and equ<span class=\"_ _0\"></span>ipm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>, </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs8f0\">broke<span class=\"_ _0\"></span>n down by class of unde<span class=\"_ _0\"></span>rl<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g asset<span class=\"_ _0\"></span>. </div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs8f1\">Th<span class=\"_ _0\"></span>e matur<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y p<span class=\"_ _0\"></span>rofil<span class=\"_ _0\"></span>e and m<span class=\"_ _0\"></span>ovem<span class=\"_ _0\"></span>ent of le<span class=\"_ _0\"></span>ase li<span class=\"_ _0\"></span>abili<span class=\"_ _0\"></span>ties a<span class=\"_ _0\"></span>re pres<span class=\"_ _0\"></span>ented i<span class=\"_ _0\"></span>n the t<span class=\"_ _0\"></span>able<span class=\"_ _0\"></span>s be<span class=\"_ _0\"></span>low</div><div class=\"t m2 h43 ff3 fsd fc1 sc0 ls1 ws0 gs8f2\">1<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs8f3\">. Lease liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>ies are inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>ed wi<span class=\"_ _0\"></span>thin Paya<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span>s and othe<span class=\"_ _0\"></span>r </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs8f4\">fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>ial liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>ies (see Note 25).<span class=\"_ _3b2\"> </span></div><div class=\"gs8f5\"><table class=\"s w244 h1a4\" id=\"_99a7613f-21f9-4d8b-9499-a6083f9c3327\"><tr><td></td><td class=\"t m2 xc6f h13 y45fe ff5 fs9 fc1 sc0 ls3d ws86\">Undiscounted lease<span class=\"_ _1\"></span> </td><td class=\"t m2 x6c1 h13 y45fe ff5 fs9 fc1 sc0 ls29 wsf7\">Unpaid finance </td><td></td><td class=\"t m2 xbcb hf y45fe ff3 fs9 fc1 sc0 ls1 ws16\">Undiscounted lease </td><td class=\"t m2 x13fb hf y45fe ff3 fs9 fc1 sc0 ls187 ws41\">Unpaid finance </td><td></td></tr><tr><td></td><td class=\"t m2 x8d2 h13 y45ff ff5 fs9 fc1 sc0 ls193 ws1b7\">paym<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s </td><td class=\"t m2 x4e5 h13 y45ff ff5 fs9 fc1 sc0 ls14a ws164\">charge </td><td class=\"t m2 x8d3 h13 y45ff ff6 fs9 fc1 sc0 ls38 ws3a\">Present <span class=\"_ _1\"></span>value<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x324 hf y45ff ff3 fs9 fc1 sc0 ls112 ws6\">paym<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s </td><td class=\"t m2 x503 hf y45ff ff3 fs9 fc1 sc0 ls10a ws118\">charge </td><td class=\"t m2 x8d4 hf y45ff ff3 fs9 fc1 sc0 ls168 ws123\">Present value<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x8d5 h13 y4600 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x686 h13 y4600 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"ls1 ws0\"> </span></td><td class=\"t m2 x430 h13 y4600 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x637 hf y4600 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c6 hf y4600 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y4600 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 h13 y4601 ff5 fs9 fc1 sc0 ls18 ws0\">As a<span class=\"_ _0\"></span>t 31 De<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x282 h13 y4601 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x5ef h13 y4601 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xac3 h13 y4601 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x433 hf y4601 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 hf y4601 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y4601 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y4305 w245 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Wi<span class=\"_ _0\"></span>thi<span class=\"_ _0\"></span>n 1 yea<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8d6 y4305 w246 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">35<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13fc y4305 wb4 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(7)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13fd y4305 w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">28<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13fe y4305 w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">38<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13ff y4305 w6a h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(8)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3dc y4305 w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">30<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c0 w247 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">1-2<span class=\"_ _1\"></span> years<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8db y40c0 w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">31<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1400 y40c0 wb4 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(5)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1401 y40c0 w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">26<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1402 y40c0 w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">36<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1403 y40c0 w6a h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(7)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x946 y40c0 w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">29<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c1 w248 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">2-<span class=\"_ _0\"></span>3 yea<span class=\"_ _0\"></span>rs<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8e1 y40c1 w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">23<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1404 y40c1 wb4 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(4)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa08 y40c1 w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">19<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1405 y40c1 w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">32<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1406 y40c1 w6a h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(5)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1407 y40c1 w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">27<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c2 w249 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">3<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>4 yea<span class=\"_ _0\"></span>rs<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8e7 y40c2 w246 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">12<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1408 y40c2 wb4 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(3)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1409 y40c2 wa8 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">9<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x24b y40c2 w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">23<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x140a y40c2 wc0 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(4)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x25f y40c2 w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">19<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w249 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">4<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>5 yea<span class=\"_ _0\"></span>rs<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8e7 y4121 w246 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">12<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1408 y4121 wb4 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(3)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1409 y4121 wa8 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">9<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x24b y4121 w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">11<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x140a y4121 wc0 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(3)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x140b y4121 w50 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">8<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4158 w24a h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Af<span class=\"_ _0\"></span>ter 5 y<span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8ed y4158 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">154<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x140c y4158 w41 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(99)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x140d y4158 w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">55<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1eb y4158 w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">173<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x140e y4158 w3b h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(112)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x140f y4158 w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">61<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w3cd h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws23\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> lease l<span class=\"_ _1\"></span>iabilities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1410 y40ae w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">267<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1411 y40ae w3a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(121)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1412 y40ae w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">146<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1413 y40ae w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">313<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1414 y40ae w3b h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(139)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1415 y40ae w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">174<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"gs8f6\"><table class=\"s w64 h1a5\" id=\"_3e77eca7-0c10-4f8e-b9bb-ca7dc1ec11b7\"><tr><td></td><td class=\"t m2 x1c6 h13 y4602 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y4602 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x1c8 h13 y4603 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y4603 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y4604 w1d8 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws0\">As a<span class=\"_ _0\"></span>t 1 Ja<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1416 y4604 w3a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(174)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1376 y4604 w4d h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(178)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4605 w1cd h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 lsea ws122\">Additions<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1417 y4605 w67 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(9)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x226 y4605 w71 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(22)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c0 wcb h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws23\">Int<span class=\"_ _1\"></span>erest<span class=\"_ _1\"></span> expense<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1418 y40c0 w6d h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(7)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1419 y40c0 w6a h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(7)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4306 w3ce h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls114 ws10d\">Lease payme<span class=\"_ _0\"></span>nts<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x141a y4306 w70 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">35<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x141b y4306 w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">32<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c2 w214 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">For<span class=\"_ _0\"></span>eig<span class=\"_ _0\"></span>n exc<span class=\"_ _0\"></span>han<span class=\"_ _0\"></span>ge r<span class=\"_ _0\"></span>ate move<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x141c y40c2 w6d h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(1)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8da y40c2 w50 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4193 w1ce h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls180 ws19b\">Disposals<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x141d y4193 w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">10<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x141e y4193 wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4158 w141 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 lsea ws122\">Othe<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa43 y4158 wa6 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x347 y4158 wc0 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(1)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w3cf h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws0\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e li<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y a<span class=\"_ _0\"></span>s at 31 D<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1fd y40ae w3a h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(146)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x141f y40ae w3b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(174)<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs8f7\">1. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span> <span class=\"_ _9\"></span>In<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>s in<span class=\"_ _0\"></span>ves<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y l<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>se l<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>bi<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs8f8\">De<span class=\"_ _0\"></span>pre<span class=\"_ _0\"></span>ciati<span class=\"_ _0\"></span>on an<span class=\"_ _0\"></span>d imp<span class=\"_ _0\"></span>airm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t of righ<span class=\"_ _0\"></span>t-<span class=\"_ _0\"></span>of-<span class=\"_ _0\"></span>use as<span class=\"_ _0\"></span>sets a<span class=\"_ _0\"></span>re inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>ed i<span class=\"_ _0\"></span>n othe<span class=\"_ _0\"></span>r exp<span class=\"_ _0\"></span>ense<span class=\"_ _0\"></span>s and i<span class=\"_ _0\"></span>nteres<span class=\"_ _0\"></span>t exp<span class=\"_ _0\"></span>ense<span class=\"_ _0\"></span>s on l<span class=\"_ _0\"></span>ease<span class=\"_ _0\"></span>s are inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>ed i<span class=\"_ _0\"></span>n othe<span class=\"_ _0\"></span>r </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs8f9\">fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>e<span class=\"_ gsec\"> </span>co<span class=\"_ _0\"></span>sts<span class=\"_ _0\"></span>. No othe<span class=\"_ _0\"></span>r materia<span class=\"_ _0\"></span>l amou<span class=\"_ _0\"></span>nts in relati<span class=\"_ _0\"></span>on to arra<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts for whic<span class=\"_ _0\"></span>h the Gro<span class=\"_ _0\"></span>up is a lesse<span class=\"_ _0\"></span>e have bee<span class=\"_ _0\"></span>n rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in the Co<span class=\"_ _0\"></span>nsol<span class=\"_ _0\"></span>idated<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls37 ws7 gs8fa\">Income <span class=\"_ _1\"></span>Statemen<span class=\"_ _1\"></span>t. </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs8fb\">Th<span class=\"_ _0\"></span>e remai<span class=\"_ _0\"></span>ning ter<span class=\"_ _0\"></span>ms on the Gro<span class=\"_ _0\"></span>up\u2019s lease<span class=\"_ _0\"></span>s rang<span class=\"_ _0\"></span>e from 1 to 233 yea<span class=\"_ _0\"></span>rs (202<span class=\"_ _0\"></span>3: 1 to 234 ye<span class=\"_ _0\"></span>ars), with app<span class=\"_ _0\"></span>roximatel<span class=\"_ _0\"></span>y 2% of the leas<span class=\"_ _0\"></span>es (202<span class=\"_ _0\"></span>3: 24%) </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs8fc\">havin<span class=\"_ _0\"></span>g ex<span class=\"_ _0\"></span>tensio<span class=\"_ _0\"></span>n optio<span class=\"_ _0\"></span>ns and 79<span class=\"_ _0\"></span>% of these le<span class=\"_ _0\"></span>ases (20<span class=\"_ _0\"></span>23<span class=\"_ _0\"></span>: 69%) having ter<span class=\"_ _0\"></span>minati<span class=\"_ _0\"></span>on opt<span class=\"_ _0\"></span>ions<span class=\"_ _0\"></span>. E<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>tens<span class=\"_ _0\"></span>ion an<span class=\"_ _0\"></span>d termin<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n optio<span class=\"_ _0\"></span>ns are incl<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>ed in </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs8fd\">vari<span class=\"_ _0\"></span>ous le<span class=\"_ _0\"></span>ases ac<span class=\"_ _0\"></span>ross th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p and are use<span class=\"_ _0\"></span>d to <span class=\"_ _1\"></span>ma<span class=\"_ _0\"></span>ximis<span class=\"_ _0\"></span>e ope<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>onal f<span class=\"_ _0\"></span>lex<span class=\"_ _0\"></span>ibili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y in terms of mana<span class=\"_ _0\"></span>ging th<span class=\"_ _0\"></span>e assets us<span class=\"_ _0\"></span>ed in the G<span class=\"_ _0\"></span>roup\u2019s ope<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>. </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs8fe\">Th<span class=\"_ _0\"></span>e major<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y of ex<span class=\"_ _0\"></span>tensio<span class=\"_ _0\"></span>n and ter<span class=\"_ _0\"></span>minati<span class=\"_ _0\"></span>on opt<span class=\"_ _0\"></span>ions h<span class=\"_ _0\"></span>eld are exerc<span class=\"_ _0\"></span>isab<span class=\"_ _0\"></span>le onl<span class=\"_ _0\"></span>y by the Grou<span class=\"_ _0\"></span>p and not by the resp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tive le<span class=\"_ _0\"></span>sso<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>. Group has no le<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs8ff\">con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts that co<span class=\"_ _0\"></span>ntai<span class=\"_ _0\"></span>n varia<span class=\"_ _0\"></span>ble pay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs900\">At 31 Dec<span class=\"_ _0\"></span>emb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>24 the Gro<span class=\"_ _0\"></span>up had c<span class=\"_ _0\"></span>omm<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ted to a 1<span class=\"_ _4\"></span>5<span class=\"_ _3\"></span>-ye<span class=\"_ _0\"></span>ar lea<span class=\"_ _0\"></span>se for a new head of<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ce bu<span class=\"_ _0\"></span>ildin<span class=\"_ _0\"></span>g in Lon<span class=\"_ _0\"></span>don<span class=\"_ _0\"></span>, with an ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cted co<span class=\"_ _0\"></span>mm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs901\">date of Januar<span class=\"_ _3\"></span>y 2026<span class=\"_ _0\"></span>. T<span class=\"_ _4\"></span>ot<span class=\"_ _0\"></span>al leas<span class=\"_ _0\"></span>e com<span class=\"_ _0\"></span>mit<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t is \u00a323<span class=\"_ _0\"></span>7m (<span class=\"_ _1\"></span>20<span class=\"_ _0\"></span>23<span class=\"_ _0\"></span>: com<span class=\"_ _0\"></span>mit<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d to <span class=\"_ _1\"></span>no add<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>nal le<span class=\"_ _0\"></span>ases).<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h21 ff1 fs10 fc2 sc0 ls77 ws0 gs902\">(ii) <span class=\"_ _d\"> </span>Group as a les<span class=\"_ _0\"></span>sor<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs903\">Fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e for the year on f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>ce le<span class=\"_ _0\"></span>ases an<span class=\"_ _0\"></span>d sub leas<span class=\"_ _0\"></span>es was \u00a31<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>m (<span class=\"_ _1\"></span>20<span class=\"_ _0\"></span>23: \u00a3<span class=\"_ _0\"></span>8m), whil<span class=\"_ _0\"></span>e inco<span class=\"_ _0\"></span>me on o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>atin<span class=\"_ _0\"></span>g lease<span class=\"_ _0\"></span>s was \u00a343<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>m </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs904\">(202<span class=\"_ _0\"></span>3: \u00a34<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>m).<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs5cb\">Th<span class=\"_ _0\"></span>e futu<span class=\"_ _0\"></span>re minim<span class=\"_ _0\"></span>um leas<span class=\"_ _0\"></span>e paym<span class=\"_ _0\"></span>ents re<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ivab<span class=\"_ _0\"></span>le und<span class=\"_ _0\"></span>er f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>ce le<span class=\"_ _0\"></span>ase arr<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>, toget<span class=\"_ _0\"></span>her wi<span class=\"_ _0\"></span>th the pre<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>t value<span class=\"_ _0\"></span>, are discl<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>d in Note 1<span class=\"_ _1\"></span>4(i<span class=\"_ _0\"></span>). </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs905\">Th<span class=\"_ _0\"></span>e<span class=\"_ gsec\"> </span>fut<span class=\"_ _0\"></span>ure und<span class=\"_ _0\"></span>isco<span class=\"_ _0\"></span>unted mi<span class=\"_ _0\"></span>nimu<span class=\"_ _0\"></span>m leas<span class=\"_ _0\"></span>e payme<span class=\"_ _0\"></span>nts re<span class=\"_ _0\"></span>cei<span class=\"_ _0\"></span>vabl<span class=\"_ _0\"></span>e unde<span class=\"_ _0\"></span>r op<span class=\"_ _0\"></span>erati<span class=\"_ _0\"></span>ng lea<span class=\"_ _0\"></span>se arr<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ents are dis<span class=\"_ _0\"></span>clo<span class=\"_ _0\"></span>sed in Note 39<span class=\"_ _0\"></span>(ii).</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLeasesExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-660": {
   "value": "26<span class=\"lsba ws1d0\">. Leases<span class=\"_ _3b2\"> </span></span>(i<span class=\"_ _1\"></span>) <span class=\"_ _8\"> </span>Group as a less<span class=\"_ _0\"></span>ee<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Group l<span class=\"_ _0\"></span>eases of<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>es, ve<span class=\"_ _0\"></span>hicl<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, IT equ<span class=\"_ _0\"></span>ipm<span class=\"_ _0\"></span>ent an<span class=\"_ _0\"></span>d investm<span class=\"_ _0\"></span>ent pr<span class=\"_ _0\"></span>ope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es und<span class=\"_ _0\"></span>er no<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>cel<span class=\"_ _0\"></span>labl<span class=\"_ _0\"></span>e ope<span class=\"_ _0\"></span>ratin<span class=\"_ _0\"></span>g leas<span class=\"_ _0\"></span>e agree<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts<span class=\"_ _0\"></span>. Note 1<span class=\"_ _4\"></span>1 Pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, plant an<span class=\"_ _0\"></span>d equip<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt shows movem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts in right-<span class=\"_ _0\"></span>of-<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>se asset<span class=\"_ _0\"></span>s reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed on the Co<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>lidate<span class=\"_ _0\"></span>d Balan<span class=\"_ _0\"></span>ce Sh<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>et withi<span class=\"_ _0\"></span>n Prope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, plant and equ<span class=\"_ _0\"></span>ipm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>, broke<span class=\"_ _0\"></span>n down by class of unde<span class=\"_ _0\"></span>rl<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g asset<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e matur<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y p<span class=\"_ _0\"></span>rofil<span class=\"_ _0\"></span>e and m<span class=\"_ _0\"></span>ovem<span class=\"_ _0\"></span>ent of le<span class=\"_ _0\"></span>ase li<span class=\"_ _0\"></span>abili<span class=\"_ _0\"></span>ties a<span class=\"_ _0\"></span>re pres<span class=\"_ _0\"></span>ented i<span class=\"_ _0\"></span>n the t<span class=\"_ _0\"></span>able<span class=\"_ _0\"></span>s be<span class=\"_ _0\"></span>low1<span class=\"_ _3b2\"> </span>. Lease liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>ies are inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>ed wi<span class=\"_ _0\"></span>thin Paya<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span>s and othe<span class=\"_ _0\"></span>r fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>ial liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>ies (see Note 25).<span class=\"_ _3b2\"> </span><table class=\"s w244 h1a4\" id=\"_99a7613f-21f9-4d8b-9499-a6083f9c3327\"><tr><td></td><td class=\"t m2 xc6f h13 y45fe ff5 fs9 fc1 sc0 ls3d ws86\">Undiscounted lease<span class=\"_ _1\"></span> </td><td class=\"t m2 x6c1 h13 y45fe ff5 fs9 fc1 sc0 ls29 wsf7\">Unpaid finance </td><td></td><td class=\"t m2 xbcb hf y45fe ff3 fs9 fc1 sc0 ls1 ws16\">Undiscounted lease </td><td class=\"t m2 x13fb hf y45fe ff3 fs9 fc1 sc0 ls187 ws41\">Unpaid finance </td><td></td></tr><tr><td></td><td class=\"t m2 x8d2 h13 y45ff ff5 fs9 fc1 sc0 ls193 ws1b7\">paym<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s </td><td class=\"t m2 x4e5 h13 y45ff ff5 fs9 fc1 sc0 ls14a ws164\">charge </td><td class=\"t m2 x8d3 h13 y45ff ff6 fs9 fc1 sc0 ls38 ws3a\">Present <span class=\"_ _1\"></span>value<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x324 hf y45ff ff3 fs9 fc1 sc0 ls112 ws6\">paym<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s </td><td class=\"t m2 x503 hf y45ff ff3 fs9 fc1 sc0 ls10a ws118\">charge </td><td class=\"t m2 x8d4 hf y45ff ff3 fs9 fc1 sc0 ls168 ws123\">Present value<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x8d5 h13 y4600 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x686 h13 y4600 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"ls1 ws0\"> </span></td><td class=\"t m2 x430 h13 y4600 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x637 hf y4600 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c6 hf y4600 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y4600 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 h13 y4601 ff5 fs9 fc1 sc0 ls18 ws0\">As a<span class=\"_ _0\"></span>t 31 De<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x282 h13 y4601 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x5ef h13 y4601 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xac3 h13 y4601 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x433 hf y4601 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 hf y4601 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y4601 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y4305 w245 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Wi<span class=\"_ _0\"></span>thi<span class=\"_ _0\"></span>n 1 yea<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8d6 y4305 w246 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">35<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13fc y4305 wb4 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(7)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13fd y4305 w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">28<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13fe y4305 w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">38<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13ff y4305 w6a h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(8)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3dc y4305 w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">30<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c0 w247 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">1-2<span class=\"_ _1\"></span> years<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8db y40c0 w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">31<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1400 y40c0 wb4 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(5)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1401 y40c0 w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">26<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1402 y40c0 w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">36<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1403 y40c0 w6a h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(7)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x946 y40c0 w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">29<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c1 w248 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">2-<span class=\"_ _0\"></span>3 yea<span class=\"_ _0\"></span>rs<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8e1 y40c1 w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">23<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1404 y40c1 wb4 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(4)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa08 y40c1 w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">19<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1405 y40c1 w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">32<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1406 y40c1 w6a h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(5)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1407 y40c1 w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">27<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c2 w249 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">3<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>4 yea<span class=\"_ _0\"></span>rs<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8e7 y40c2 w246 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">12<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1408 y40c2 wb4 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(3)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1409 y40c2 wa8 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">9<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x24b y40c2 w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">23<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x140a y40c2 wc0 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(4)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x25f y40c2 w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">19<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w249 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">4<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>5 yea<span class=\"_ _0\"></span>rs<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8e7 y4121 w246 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">12<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1408 y4121 wb4 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(3)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1409 y4121 wa8 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">9<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x24b y4121 w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">11<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x140a y4121 wc0 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(3)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x140b y4121 w50 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">8<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4158 w24a h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Af<span class=\"_ _0\"></span>ter 5 y<span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8ed y4158 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">154<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x140c y4158 w41 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(99)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x140d y4158 w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">55<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1eb y4158 w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">173<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x140e y4158 w3b h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(112)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x140f y4158 w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">61<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w3cd h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws23\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> lease l<span class=\"_ _1\"></span>iabilities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1410 y40ae w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">267<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1411 y40ae w3a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(121)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1412 y40ae w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">146<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1413 y40ae w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">313<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1414 y40ae w3b h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(139)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1415 y40ae w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">174<span class=\"_ _3b2\"> </span></div></td></tr></table><table class=\"s w64 h1a5\" id=\"_3e77eca7-0c10-4f8e-b9bb-ca7dc1ec11b7\"><tr><td></td><td class=\"t m2 x1c6 h13 y4602 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y4602 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x1c8 h13 y4603 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y4603 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y4604 w1d8 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws0\">As a<span class=\"_ _0\"></span>t 1 Ja<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1416 y4604 w3a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(174)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1376 y4604 w4d h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(178)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4605 w1cd h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 lsea ws122\">Additions<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1417 y4605 w67 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(9)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x226 y4605 w71 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(22)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c0 wcb h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws23\">Int<span class=\"_ _1\"></span>erest<span class=\"_ _1\"></span> expense<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1418 y40c0 w6d h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(7)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1419 y40c0 w6a h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(7)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4306 w3ce h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls114 ws10d\">Lease payme<span class=\"_ _0\"></span>nts<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x141a y4306 w70 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">35<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x141b y4306 w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">32<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c2 w214 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">For<span class=\"_ _0\"></span>eig<span class=\"_ _0\"></span>n exc<span class=\"_ _0\"></span>han<span class=\"_ _0\"></span>ge r<span class=\"_ _0\"></span>ate move<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x141c y40c2 w6d h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(1)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8da y40c2 w50 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4193 w1ce h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls180 ws19b\">Disposals<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x141d y4193 w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">10<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x141e y4193 wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4158 w141 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 lsea ws122\">Othe<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa43 y4158 wa6 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x347 y4158 wc0 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(1)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w3cf h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws0\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e li<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y a<span class=\"_ _0\"></span>s at 31 D<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1fd y40ae w3a h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(146)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x141f y40ae w3b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(174)<span class=\"_ _3b2\"> </span></div></td></tr></table>1. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span> <span class=\"_ _9\"></span>In<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>s in<span class=\"_ _0\"></span>ves<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y l<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>se l<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>bi<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y.<span class=\"_ _3b2\"> </span>De<span class=\"_ _0\"></span>pre<span class=\"_ _0\"></span>ciati<span class=\"_ _0\"></span>on an<span class=\"_ _0\"></span>d imp<span class=\"_ _0\"></span>airm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t of righ<span class=\"_ _0\"></span>t-<span class=\"_ _0\"></span>of-<span class=\"_ _0\"></span>use as<span class=\"_ _0\"></span>sets a<span class=\"_ _0\"></span>re inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>ed i<span class=\"_ _0\"></span>n othe<span class=\"_ _0\"></span>r exp<span class=\"_ _0\"></span>ense<span class=\"_ _0\"></span>s and i<span class=\"_ _0\"></span>nteres<span class=\"_ _0\"></span>t exp<span class=\"_ _0\"></span>ense<span class=\"_ _0\"></span>s on l<span class=\"_ _0\"></span>ease<span class=\"_ _0\"></span>s are inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>ed i<span class=\"_ _0\"></span>n othe<span class=\"_ _0\"></span>r fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>e<span class=\"_ gsec\"> </span>co<span class=\"_ _0\"></span>sts<span class=\"_ _0\"></span>. No othe<span class=\"_ _0\"></span>r materia<span class=\"_ _0\"></span>l amou<span class=\"_ _0\"></span>nts in relati<span class=\"_ _0\"></span>on to arra<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts for whic<span class=\"_ _0\"></span>h the Gro<span class=\"_ _0\"></span>up is a lesse<span class=\"_ _0\"></span>e have bee<span class=\"_ _0\"></span>n rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in the Co<span class=\"_ _0\"></span>nsol<span class=\"_ _0\"></span>idated<span class=\"_ _0\"></span> Income <span class=\"_ _1\"></span>Statemen<span class=\"_ _1\"></span>t. Th<span class=\"_ _0\"></span>e remai<span class=\"_ _0\"></span>ning ter<span class=\"_ _0\"></span>ms on the Gro<span class=\"_ _0\"></span>up\u2019s lease<span class=\"_ _0\"></span>s rang<span class=\"_ _0\"></span>e from 1 to 233 yea<span class=\"_ _0\"></span>rs (202<span class=\"_ _0\"></span>3: 1 to 234 ye<span class=\"_ _0\"></span>ars), with app<span class=\"_ _0\"></span>roximatel<span class=\"_ _0\"></span>y 2% of the leas<span class=\"_ _0\"></span>es (202<span class=\"_ _0\"></span>3: 24%) havin<span class=\"_ _0\"></span>g ex<span class=\"_ _0\"></span>tensio<span class=\"_ _0\"></span>n optio<span class=\"_ _0\"></span>ns and 79<span class=\"_ _0\"></span>% of these le<span class=\"_ _0\"></span>ases (20<span class=\"_ _0\"></span>23<span class=\"_ _0\"></span>: 69%) having ter<span class=\"_ _0\"></span>minati<span class=\"_ _0\"></span>on opt<span class=\"_ _0\"></span>ions<span class=\"_ _0\"></span>. E<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>tens<span class=\"_ _0\"></span>ion an<span class=\"_ _0\"></span>d termin<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n optio<span class=\"_ _0\"></span>ns are incl<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>ed in vari<span class=\"_ _0\"></span>ous le<span class=\"_ _0\"></span>ases ac<span class=\"_ _0\"></span>ross th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p and are use<span class=\"_ _0\"></span>d to <span class=\"_ _1\"></span>ma<span class=\"_ _0\"></span>ximis<span class=\"_ _0\"></span>e ope<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>onal f<span class=\"_ _0\"></span>lex<span class=\"_ _0\"></span>ibili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y in terms of mana<span class=\"_ _0\"></span>ging th<span class=\"_ _0\"></span>e assets us<span class=\"_ _0\"></span>ed in the G<span class=\"_ _0\"></span>roup\u2019s ope<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e major<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y of ex<span class=\"_ _0\"></span>tensio<span class=\"_ _0\"></span>n and ter<span class=\"_ _0\"></span>minati<span class=\"_ _0\"></span>on opt<span class=\"_ _0\"></span>ions h<span class=\"_ _0\"></span>eld are exerc<span class=\"_ _0\"></span>isab<span class=\"_ _0\"></span>le onl<span class=\"_ _0\"></span>y by the Grou<span class=\"_ _0\"></span>p and not by the resp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tive le<span class=\"_ _0\"></span>sso<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>. Group has no le<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span> con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts that co<span class=\"_ _0\"></span>ntai<span class=\"_ _0\"></span>n varia<span class=\"_ _0\"></span>ble pay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts.<span class=\"_ _3b2\"> </span>At 31 Dec<span class=\"_ _0\"></span>emb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>24 the Gro<span class=\"_ _0\"></span>up had c<span class=\"_ _0\"></span>omm<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ted to a 1<span class=\"_ _4\"></span>5<span class=\"_ _3\"></span>-ye<span class=\"_ _0\"></span>ar lea<span class=\"_ _0\"></span>se for a new head of<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ce bu<span class=\"_ _0\"></span>ildin<span class=\"_ _0\"></span>g in Lon<span class=\"_ _0\"></span>don<span class=\"_ _0\"></span>, with an ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cted co<span class=\"_ _0\"></span>mm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t date of Januar<span class=\"_ _3\"></span>y 2026<span class=\"_ _0\"></span>. T<span class=\"_ _4\"></span>ot<span class=\"_ _0\"></span>al leas<span class=\"_ _0\"></span>e com<span class=\"_ _0\"></span>mit<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t is \u00a323<span class=\"_ _0\"></span>7m (<span class=\"_ _1\"></span>20<span class=\"_ _0\"></span>23<span class=\"_ _0\"></span>: com<span class=\"_ _0\"></span>mit<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d to <span class=\"_ _1\"></span>no add<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>nal le<span class=\"_ _0\"></span>ases).<span class=\"_ _3b2\"> </span>(ii) <span class=\"_ _d\"> </span>Group as a les<span class=\"_ _0\"></span>sor<span class=\"_ _3b2\"> </span>Fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e for the year on f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>ce le<span class=\"_ _0\"></span>ases an<span class=\"_ _0\"></span>d sub leas<span class=\"_ _0\"></span>es was \u00a31<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>m (<span class=\"_ _1\"></span>20<span class=\"_ _0\"></span>23: \u00a3<span class=\"_ _0\"></span>8m), whil<span class=\"_ _0\"></span>e inco<span class=\"_ _0\"></span>me on o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>atin<span class=\"_ _0\"></span>g lease<span class=\"_ _0\"></span>s was \u00a343<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>m (202<span class=\"_ _0\"></span>3: \u00a34<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>m).<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e futu<span class=\"_ _0\"></span>re minim<span class=\"_ _0\"></span>um leas<span class=\"_ _0\"></span>e paym<span class=\"_ _0\"></span>ents re<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ivab<span class=\"_ _0\"></span>le und<span class=\"_ _0\"></span>er f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>ce le<span class=\"_ _0\"></span>ase arr<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>, toget<span class=\"_ _0\"></span>her wi<span class=\"_ _0\"></span>th the pre<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>t value<span class=\"_ _0\"></span>, are discl<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>d in Note 1<span class=\"_ _1\"></span>4(i<span class=\"_ _0\"></span>). Th<span class=\"_ _0\"></span>e<span class=\"_ gsec\"> </span>fut<span class=\"_ _0\"></span>ure und<span class=\"_ _0\"></span>isco<span class=\"_ _0\"></span>unted mi<span class=\"_ _0\"></span>nimu<span class=\"_ _0\"></span>m leas<span class=\"_ _0\"></span>e payme<span class=\"_ _0\"></span>nts re<span class=\"_ _0\"></span>cei<span class=\"_ _0\"></span>vabl<span class=\"_ _0\"></span>e unde<span class=\"_ _0\"></span>r op<span class=\"_ _0\"></span>erati<span class=\"_ _0\"></span>ng lea<span class=\"_ _0\"></span>se arr<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ents are dis<span class=\"_ _0\"></span>clo<span class=\"_ _0\"></span>sed in Note 39<span class=\"_ _0\"></span>(ii).",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLeasePrepaymentsExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-692": {
   "value": "26<span class=\"lsba ws1d0\">. Leases<span class=\"_ _3b2\"> </span></span>(i<span class=\"_ _1\"></span>) <span class=\"_ _8\"> </span>Group as a less<span class=\"_ _0\"></span>ee<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Group l<span class=\"_ _0\"></span>eases of<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>es, ve<span class=\"_ _0\"></span>hicl<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, IT equ<span class=\"_ _0\"></span>ipm<span class=\"_ _0\"></span>ent an<span class=\"_ _0\"></span>d investm<span class=\"_ _0\"></span>ent pr<span class=\"_ _0\"></span>ope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es und<span class=\"_ _0\"></span>er no<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>cel<span class=\"_ _0\"></span>labl<span class=\"_ _0\"></span>e ope<span class=\"_ _0\"></span>ratin<span class=\"_ _0\"></span>g leas<span class=\"_ _0\"></span>e agree<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts<span class=\"_ _0\"></span>. Note 1<span class=\"_ _4\"></span>1 Pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, plant an<span class=\"_ _0\"></span>d equip<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt shows movem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts in right-<span class=\"_ _0\"></span>of-<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>se asset<span class=\"_ _0\"></span>s reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed on the Co<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>lidate<span class=\"_ _0\"></span>d Balan<span class=\"_ _0\"></span>ce Sh<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>et withi<span class=\"_ _0\"></span>n Prope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, plant and equ<span class=\"_ _0\"></span>ipm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>, broke<span class=\"_ _0\"></span>n down by class of unde<span class=\"_ _0\"></span>rl<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g asset<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e matur<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y p<span class=\"_ _0\"></span>rofil<span class=\"_ _0\"></span>e and m<span class=\"_ _0\"></span>ovem<span class=\"_ _0\"></span>ent of le<span class=\"_ _0\"></span>ase li<span class=\"_ _0\"></span>abili<span class=\"_ _0\"></span>ties a<span class=\"_ _0\"></span>re pres<span class=\"_ _0\"></span>ented i<span class=\"_ _0\"></span>n the t<span class=\"_ _0\"></span>able<span class=\"_ _0\"></span>s be<span class=\"_ _0\"></span>low1<span class=\"_ _3b2\"> </span>. Lease liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>ies are inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>ed wi<span class=\"_ _0\"></span>thin Paya<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span>s and othe<span class=\"_ _0\"></span>r fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>ial liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>ies (see Note 25).<span class=\"_ _3b2\"> </span><table class=\"s w244 h1a4\" id=\"_99a7613f-21f9-4d8b-9499-a6083f9c3327\"><tr><td></td><td class=\"t m2 xc6f h13 y45fe ff5 fs9 fc1 sc0 ls3d ws86\">Undiscounted lease<span class=\"_ _1\"></span> </td><td class=\"t m2 x6c1 h13 y45fe ff5 fs9 fc1 sc0 ls29 wsf7\">Unpaid finance </td><td></td><td class=\"t m2 xbcb hf y45fe ff3 fs9 fc1 sc0 ls1 ws16\">Undiscounted lease </td><td class=\"t m2 x13fb hf y45fe ff3 fs9 fc1 sc0 ls187 ws41\">Unpaid finance </td><td></td></tr><tr><td></td><td class=\"t m2 x8d2 h13 y45ff ff5 fs9 fc1 sc0 ls193 ws1b7\">paym<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s </td><td class=\"t m2 x4e5 h13 y45ff ff5 fs9 fc1 sc0 ls14a ws164\">charge </td><td class=\"t m2 x8d3 h13 y45ff ff6 fs9 fc1 sc0 ls38 ws3a\">Present <span class=\"_ _1\"></span>value<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x324 hf y45ff ff3 fs9 fc1 sc0 ls112 ws6\">paym<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s </td><td class=\"t m2 x503 hf y45ff ff3 fs9 fc1 sc0 ls10a ws118\">charge </td><td class=\"t m2 x8d4 hf y45ff ff3 fs9 fc1 sc0 ls168 ws123\">Present value<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x8d5 h13 y4600 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x686 h13 y4600 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"ls1 ws0\"> </span></td><td class=\"t m2 x430 h13 y4600 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x637 hf y4600 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c6 hf y4600 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y4600 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 h13 y4601 ff5 fs9 fc1 sc0 ls18 ws0\">As a<span class=\"_ _0\"></span>t 31 De<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x282 h13 y4601 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x5ef h13 y4601 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xac3 h13 y4601 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x433 hf y4601 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 hf y4601 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y4601 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y4305 w245 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Wi<span class=\"_ _0\"></span>thi<span class=\"_ _0\"></span>n 1 yea<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8d6 y4305 w246 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">35<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13fc y4305 wb4 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(7)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13fd y4305 w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">28<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13fe y4305 w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">38<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13ff y4305 w6a h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(8)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3dc y4305 w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">30<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c0 w247 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">1-2<span class=\"_ _1\"></span> years<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8db y40c0 w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">31<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1400 y40c0 wb4 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(5)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1401 y40c0 w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">26<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1402 y40c0 w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">36<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1403 y40c0 w6a h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(7)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x946 y40c0 w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">29<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c1 w248 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">2-<span class=\"_ _0\"></span>3 yea<span class=\"_ _0\"></span>rs<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8e1 y40c1 w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">23<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1404 y40c1 wb4 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(4)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa08 y40c1 w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">19<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1405 y40c1 w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">32<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1406 y40c1 w6a h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(5)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1407 y40c1 w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">27<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c2 w249 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">3<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>4 yea<span class=\"_ _0\"></span>rs<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8e7 y40c2 w246 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">12<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1408 y40c2 wb4 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(3)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1409 y40c2 wa8 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">9<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x24b y40c2 w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">23<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x140a y40c2 wc0 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(4)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x25f y40c2 w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">19<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w249 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">4<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>5 yea<span class=\"_ _0\"></span>rs<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8e7 y4121 w246 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">12<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1408 y4121 wb4 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(3)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1409 y4121 wa8 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">9<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x24b y4121 w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">11<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x140a y4121 wc0 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(3)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x140b y4121 w50 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">8<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4158 w24a h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Af<span class=\"_ _0\"></span>ter 5 y<span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8ed y4158 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">154<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x140c y4158 w41 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(99)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x140d y4158 w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">55<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1eb y4158 w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">173<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x140e y4158 w3b h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(112)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x140f y4158 w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">61<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w3cd h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws23\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> lease l<span class=\"_ _1\"></span>iabilities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1410 y40ae w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">267<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1411 y40ae w3a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(121)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1412 y40ae w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">146<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1413 y40ae w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">313<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1414 y40ae w3b h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(139)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1415 y40ae w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">174<span class=\"_ _3b2\"> </span></div></td></tr></table><table class=\"s w64 h1a5\" id=\"_3e77eca7-0c10-4f8e-b9bb-ca7dc1ec11b7\"><tr><td></td><td class=\"t m2 x1c6 h13 y4602 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y4602 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x1c8 h13 y4603 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y4603 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y4604 w1d8 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws0\">As a<span class=\"_ _0\"></span>t 1 Ja<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1416 y4604 w3a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(174)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1376 y4604 w4d h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(178)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4605 w1cd h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 lsea ws122\">Additions<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1417 y4605 w67 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(9)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x226 y4605 w71 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(22)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c0 wcb h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws23\">Int<span class=\"_ _1\"></span>erest<span class=\"_ _1\"></span> expense<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1418 y40c0 w6d h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(7)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1419 y40c0 w6a h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(7)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4306 w3ce h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls114 ws10d\">Lease payme<span class=\"_ _0\"></span>nts<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x141a y4306 w70 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">35<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x141b y4306 w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">32<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c2 w214 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">For<span class=\"_ _0\"></span>eig<span class=\"_ _0\"></span>n exc<span class=\"_ _0\"></span>han<span class=\"_ _0\"></span>ge r<span class=\"_ _0\"></span>ate move<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x141c y40c2 w6d h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(1)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8da y40c2 w50 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4193 w1ce h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls180 ws19b\">Disposals<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x141d y4193 w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">10<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x141e y4193 wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4158 w141 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 lsea ws122\">Othe<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa43 y4158 wa6 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x347 y4158 wc0 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(1)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w3cf h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws0\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e li<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y a<span class=\"_ _0\"></span>s at 31 D<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1fd y40ae w3a h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(146)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x141f y40ae w3b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(174)<span class=\"_ _3b2\"> </span></div></td></tr></table>1. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span> <span class=\"_ _9\"></span>In<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>s in<span class=\"_ _0\"></span>ves<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y l<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>se l<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>bi<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y.<span class=\"_ _3b2\"> </span>De<span class=\"_ _0\"></span>pre<span class=\"_ _0\"></span>ciati<span class=\"_ _0\"></span>on an<span class=\"_ _0\"></span>d imp<span class=\"_ _0\"></span>airm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t of righ<span class=\"_ _0\"></span>t-<span class=\"_ _0\"></span>of-<span class=\"_ _0\"></span>use as<span class=\"_ _0\"></span>sets a<span class=\"_ _0\"></span>re inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>ed i<span class=\"_ _0\"></span>n othe<span class=\"_ _0\"></span>r exp<span class=\"_ _0\"></span>ense<span class=\"_ _0\"></span>s and i<span class=\"_ _0\"></span>nteres<span class=\"_ _0\"></span>t exp<span class=\"_ _0\"></span>ense<span class=\"_ _0\"></span>s on l<span class=\"_ _0\"></span>ease<span class=\"_ _0\"></span>s are inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>ed i<span class=\"_ _0\"></span>n othe<span class=\"_ _0\"></span>r fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>e<span class=\"_ gsec\"> </span>co<span class=\"_ _0\"></span>sts<span class=\"_ _0\"></span>. No othe<span class=\"_ _0\"></span>r materia<span class=\"_ _0\"></span>l amou<span class=\"_ _0\"></span>nts in relati<span class=\"_ _0\"></span>on to arra<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts for whic<span class=\"_ _0\"></span>h the Gro<span class=\"_ _0\"></span>up is a lesse<span class=\"_ _0\"></span>e have bee<span class=\"_ _0\"></span>n rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in the Co<span class=\"_ _0\"></span>nsol<span class=\"_ _0\"></span>idated<span class=\"_ _0\"></span> Income <span class=\"_ _1\"></span>Statemen<span class=\"_ _1\"></span>t. Th<span class=\"_ _0\"></span>e remai<span class=\"_ _0\"></span>ning ter<span class=\"_ _0\"></span>ms on the Gro<span class=\"_ _0\"></span>up\u2019s lease<span class=\"_ _0\"></span>s rang<span class=\"_ _0\"></span>e from 1 to 233 yea<span class=\"_ _0\"></span>rs (202<span class=\"_ _0\"></span>3: 1 to 234 ye<span class=\"_ _0\"></span>ars), with app<span class=\"_ _0\"></span>roximatel<span class=\"_ _0\"></span>y 2% of the leas<span class=\"_ _0\"></span>es (202<span class=\"_ _0\"></span>3: 24%) havin<span class=\"_ _0\"></span>g ex<span class=\"_ _0\"></span>tensio<span class=\"_ _0\"></span>n optio<span class=\"_ _0\"></span>ns and 79<span class=\"_ _0\"></span>% of these le<span class=\"_ _0\"></span>ases (20<span class=\"_ _0\"></span>23<span class=\"_ _0\"></span>: 69%) having ter<span class=\"_ _0\"></span>minati<span class=\"_ _0\"></span>on opt<span class=\"_ _0\"></span>ions<span class=\"_ _0\"></span>. E<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>tens<span class=\"_ _0\"></span>ion an<span class=\"_ _0\"></span>d termin<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n optio<span class=\"_ _0\"></span>ns are incl<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>ed in vari<span class=\"_ _0\"></span>ous le<span class=\"_ _0\"></span>ases ac<span class=\"_ _0\"></span>ross th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p and are use<span class=\"_ _0\"></span>d to <span class=\"_ _1\"></span>ma<span class=\"_ _0\"></span>ximis<span class=\"_ _0\"></span>e ope<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>onal f<span class=\"_ _0\"></span>lex<span class=\"_ _0\"></span>ibili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y in terms of mana<span class=\"_ _0\"></span>ging th<span class=\"_ _0\"></span>e assets us<span class=\"_ _0\"></span>ed in the G<span class=\"_ _0\"></span>roup\u2019s ope<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e major<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y of ex<span class=\"_ _0\"></span>tensio<span class=\"_ _0\"></span>n and ter<span class=\"_ _0\"></span>minati<span class=\"_ _0\"></span>on opt<span class=\"_ _0\"></span>ions h<span class=\"_ _0\"></span>eld are exerc<span class=\"_ _0\"></span>isab<span class=\"_ _0\"></span>le onl<span class=\"_ _0\"></span>y by the Grou<span class=\"_ _0\"></span>p and not by the resp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tive le<span class=\"_ _0\"></span>sso<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>. Group has no le<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span> con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts that co<span class=\"_ _0\"></span>ntai<span class=\"_ _0\"></span>n varia<span class=\"_ _0\"></span>ble pay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts.<span class=\"_ _3b2\"> </span>At 31 Dec<span class=\"_ _0\"></span>emb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>24 the Gro<span class=\"_ _0\"></span>up had c<span class=\"_ _0\"></span>omm<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ted to a 1<span class=\"_ _4\"></span>5<span class=\"_ _3\"></span>-ye<span class=\"_ _0\"></span>ar lea<span class=\"_ _0\"></span>se for a new head of<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ce bu<span class=\"_ _0\"></span>ildin<span class=\"_ _0\"></span>g in Lon<span class=\"_ _0\"></span>don<span class=\"_ _0\"></span>, with an ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cted co<span class=\"_ _0\"></span>mm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t date of Januar<span class=\"_ _3\"></span>y 2026<span class=\"_ _0\"></span>. T<span class=\"_ _4\"></span>ot<span class=\"_ _0\"></span>al leas<span class=\"_ _0\"></span>e com<span class=\"_ _0\"></span>mit<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t is \u00a323<span class=\"_ _0\"></span>7m (<span class=\"_ _1\"></span>20<span class=\"_ _0\"></span>23<span class=\"_ _0\"></span>: com<span class=\"_ _0\"></span>mit<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d to <span class=\"_ _1\"></span>no add<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>nal le<span class=\"_ _0\"></span>ases).<span class=\"_ _3b2\"> </span>(ii) <span class=\"_ _d\"> </span>Group as a les<span class=\"_ _0\"></span>sor<span class=\"_ _3b2\"> </span>Fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e for the year on f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>ce le<span class=\"_ _0\"></span>ases an<span class=\"_ _0\"></span>d sub leas<span class=\"_ _0\"></span>es was \u00a31<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>m (<span class=\"_ _1\"></span>20<span class=\"_ _0\"></span>23: \u00a3<span class=\"_ _0\"></span>8m), whil<span class=\"_ _0\"></span>e inco<span class=\"_ _0\"></span>me on o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>atin<span class=\"_ _0\"></span>g lease<span class=\"_ _0\"></span>s was \u00a343<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>m (202<span class=\"_ _0\"></span>3: \u00a34<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>m).<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e futu<span class=\"_ _0\"></span>re minim<span class=\"_ _0\"></span>um leas<span class=\"_ _0\"></span>e paym<span class=\"_ _0\"></span>ents re<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ivab<span class=\"_ _0\"></span>le und<span class=\"_ _0\"></span>er f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>ce le<span class=\"_ _0\"></span>ase arr<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>, toget<span class=\"_ _0\"></span>her wi<span class=\"_ _0\"></span>th the pre<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>t value<span class=\"_ _0\"></span>, are discl<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>d in Note 1<span class=\"_ _1\"></span>4(i<span class=\"_ _0\"></span>). Th<span class=\"_ _0\"></span>e<span class=\"_ gsec\"> </span>fut<span class=\"_ _0\"></span>ure und<span class=\"_ _0\"></span>isco<span class=\"_ _0\"></span>unted mi<span class=\"_ _0\"></span>nimu<span class=\"_ _0\"></span>m leas<span class=\"_ _0\"></span>e payme<span class=\"_ _0\"></span>nts re<span class=\"_ _0\"></span>cei<span class=\"_ _0\"></span>vabl<span class=\"_ _0\"></span>e unde<span class=\"_ _0\"></span>r op<span class=\"_ _0\"></span>erati<span class=\"_ _0\"></span>ng lea<span class=\"_ _0\"></span>se arr<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ents are dis<span class=\"_ _0\"></span>clo<span class=\"_ _0\"></span>sed in Note 39<span class=\"_ _0\"></span>(ii).",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfQuantitativeInformationAboutRightofuseAssetsExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-607": {
   "value": "<div class=\"t m2 he ff1 fs8 fc2 sc0 lsc6 wsde gs907\">27<span class=\"_ _1c\"></span><span class=\"ls8d ws0\">. <span class=\"_ _14\"> </span>Mana<span class=\"_ _0\"></span>g<span class=\"_ _1\"></span>em<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>t o<span class=\"_ _1\"></span>f ca<span class=\"_ _1\"></span>pi<span class=\"_ _1\"></span>tal reso<span class=\"_ _1\"></span>urces<span class=\"_ _3b2\"> </span></span></div><div class=\"t m2 h21 ff1 fs10 fc2 sc0 ls9b ws175 gs908\">Sol<span class=\"_ _0\"></span>venc<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> I<span class=\"_ _0\"></span>I<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs909\">Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p me<span class=\"_ _0\"></span>asure<span class=\"_ _0\"></span>s and m<span class=\"_ _0\"></span>oni<span class=\"_ _0\"></span>tors i<span class=\"_ _0\"></span>ts ca<span class=\"_ _0\"></span>pita<span class=\"_ _0\"></span>l reso<span class=\"_ _0\"></span>urce<span class=\"_ _0\"></span>s in lin<span class=\"_ _0\"></span>e wit<span class=\"_ _0\"></span>h the U<span class=\"_ _0\"></span>K imp<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>tatio<span class=\"_ _0\"></span>n of the S<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>ven<span class=\"_ _0\"></span>cy II re<span class=\"_ _0\"></span>quire<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts as se<span class=\"_ _0\"></span>t ou<span class=\"_ _0\"></span>t in th<span class=\"_ _0\"></span>e </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs90a\">Pru<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>ntial Re<span class=\"_ _0\"></span>gulati<span class=\"_ _0\"></span>on Au<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y (PR<span class=\"_ _3\"></span>A) Ruleb<span class=\"_ _0\"></span>oo<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>. The S<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>venc<span class=\"_ _0\"></span>y II regul<span class=\"_ _0\"></span>ation<span class=\"_ _0\"></span>s were ame<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>d in the UK in D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ber 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>3 to introdu<span class=\"_ _0\"></span>ce a cha<span class=\"_ _0\"></span>nge to </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs90b\">the cal<span class=\"_ _0\"></span>cul<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of Risk Margin<span class=\"_ _0\"></span>, in Jun<span class=\"_ _0\"></span>e 20<span class=\"_ _0\"></span>24 to <span class=\"_ _1\"></span>cha<span class=\"_ _0\"></span>nge th<span class=\"_ _0\"></span>e calc<span class=\"_ _0\"></span>ulati<span class=\"_ _0\"></span>on of the Matchi<span class=\"_ _0\"></span>ng Adju<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent an<span class=\"_ _0\"></span>d Fundam<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>al Sp<span class=\"_ _0\"></span>read<span class=\"_ _0\"></span>. In Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>24, </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs90c\">the f<span class=\"_ _0\"></span>inal re<span class=\"_ _0\"></span>gulati<span class=\"_ _0\"></span>ons were im<span class=\"_ _0\"></span>ple<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nted<span class=\"_ _0\"></span>, and the<span class=\"_ _0\"></span>se intro<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>e a numb<span class=\"_ _0\"></span>er of cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>s to the Solve<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>y II calc<span class=\"_ _0\"></span>ulatio<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>, the mos<span class=\"_ _0\"></span>t signi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>can<span class=\"_ _0\"></span>t bein<span class=\"_ _0\"></span>g the </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs90d\">Matchi<span class=\"_ _0\"></span>ng Adjus<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent At<span class=\"_ _0\"></span>testat<span class=\"_ _0\"></span>ion re<span class=\"_ _0\"></span>quire<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts<span class=\"_ _0\"></span>, which in<span class=\"_ _0\"></span>cre<span class=\"_ _0\"></span>ase the Fun<span class=\"_ _0\"></span>dam<span class=\"_ _0\"></span>enta<span class=\"_ _0\"></span>l Spre<span class=\"_ _0\"></span>ad on asse<span class=\"_ _0\"></span>ts whe<span class=\"_ _0\"></span>re the Gro<span class=\"_ _0\"></span>up bel<span class=\"_ _0\"></span>ieves th<span class=\"_ _0\"></span>ere to be risks </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs90e\">whic<span class=\"_ _0\"></span>h are not suf<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ici<span class=\"_ _0\"></span>entl<span class=\"_ _0\"></span>y captu<span class=\"_ _0\"></span>red in exis<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g dedu<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs90f\">Th<span class=\"_ _0\"></span>e Group c<span class=\"_ _0\"></span>alc<span class=\"_ _0\"></span>ulates its S<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>venc<span class=\"_ _0\"></span>y II capi<span class=\"_ _0\"></span>tal req<span class=\"_ _0\"></span>uire<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts using a Par<span class=\"_ _3\"></span>tial Inter<span class=\"_ _0\"></span>nal Mo<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>l. Th<span class=\"_ _0\"></span>e majo<span class=\"_ _0\"></span>rit<span class=\"_ _0\"></span>y of the ris<span class=\"_ _0\"></span>k to which the Gro<span class=\"_ _0\"></span>up is exp<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>d </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs910\">is<span class=\"_ gsec\"> </span>asse<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>d on the Inter<span class=\"_ _0\"></span>nal Mo<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>l basis app<span class=\"_ _0\"></span>roved by the PR<span class=\"_ _3\"></span>A<span class=\"_ _0\"></span>. Cap<span class=\"_ _0\"></span>ital re<span class=\"_ _0\"></span>quire<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts for a few smalle<span class=\"_ _0\"></span>r enti<span class=\"_ _0\"></span>ties are<span class=\"_ gsec\"> </span>as<span class=\"_ _0\"></span>sess<span class=\"_ _0\"></span>ed usi<span class=\"_ _0\"></span>ng the S<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>nda<span class=\"_ _0\"></span>rd </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs911\">For<span class=\"_ _0\"></span>mul<span class=\"_ _0\"></span>a basis on mater<span class=\"_ _0\"></span>iali<span class=\"_ _0\"></span>ty gr<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ds. T<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up\u2019s US insur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e busi<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>ses and Le<span class=\"_ _0\"></span>gal &amp; Ge<span class=\"_ _0\"></span>ner<span class=\"_ _0\"></span>al Reins<span class=\"_ _0\"></span>ura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e Com<span class=\"_ _0\"></span>pany No<span class=\"_ _0\"></span>. 2 are valued on a </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs912\">loc<span class=\"_ _0\"></span>al sta<span class=\"_ _0\"></span>tutor<span class=\"_ _3\"></span>y basis, foll<span class=\"_ _0\"></span>owing th<span class=\"_ _0\"></span>e PR<span class=\"_ _0\"></span>A\u2019<span class=\"_ _1\"></span>s approv<span class=\"_ _0\"></span>al to use Calcu<span class=\"_ _0\"></span>latio<span class=\"_ _0\"></span>n Meth<span class=\"_ _0\"></span>od 2 for incl<span class=\"_ _0\"></span>udi<span class=\"_ _0\"></span>ng thes<span class=\"_ _0\"></span>e busin<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>es in<span class=\"_ gsec\"> </span>th<span class=\"_ _0\"></span>e Group so<span class=\"_ _0\"></span>lven<span class=\"_ _0\"></span>cy ca<span class=\"_ _0\"></span>lcu<span class=\"_ _0\"></span>latio<span class=\"_ _0\"></span>n.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs913\">Th<span class=\"_ _0\"></span>e table b<span class=\"_ _0\"></span>elow is una<span class=\"_ _0\"></span>udi<span class=\"_ _0\"></span>ted and shows th<span class=\"_ _0\"></span>e Group O<span class=\"_ _0\"></span>wn Funds<span class=\"_ _0\"></span>, S<span class=\"_ _0\"></span>olve<span class=\"_ _0\"></span>ncy C<span class=\"_ _0\"></span>api<span class=\"_ _0\"></span>tal Requ<span class=\"_ _0\"></span>irem<span class=\"_ _0\"></span>ent (SC<span class=\"_ _0\"></span>R) and Su<span class=\"_ _0\"></span>rpl<span class=\"_ _0\"></span>us Own Fun<span class=\"_ _0\"></span>ds, ba<span class=\"_ _0\"></span>sed on th<span class=\"_ _0\"></span>e </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs914\">Par<span class=\"_ _3\"></span>tial<span class=\"_ gsec\"> </span>Inter<span class=\"_ _0\"></span>nal Mo<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>l, Matc<span class=\"_ _0\"></span>hing Adj<span class=\"_ _0\"></span>ustm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t and T<span class=\"_ _4\"></span>r<span class=\"_ _0\"></span>ansi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal Me<span class=\"_ _0\"></span>asure<span class=\"_ _0\"></span>s on T<span class=\"_ _1\"></span>echnic<span class=\"_ _0\"></span>al Prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>ns (<span class=\"_ _0\"></span>TM<span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>P) as at 31 <span class=\"_ _1\"></span>De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>24.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs915\">As at 31 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>24, and o<span class=\"_ _0\"></span>n the above basi<span class=\"_ _0\"></span>s, the G<span class=\"_ _0\"></span>roup had a sur<span class=\"_ _0\"></span>plu<span class=\"_ _0\"></span>s of \u00a39,012m (31 <span class=\"_ _1\"></span>De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>23<span class=\"_ _0\"></span>: \u00a39,<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>67m<span class=\"_ _1\"></span>) over its Sol<span class=\"_ _0\"></span>ven<span class=\"_ _0\"></span>cy Cap<span class=\"_ _0\"></span>ital<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 lsd ws7f gs916\">Requ<span class=\"_ _0\"></span>irem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>, cor<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>pon<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>g to <span class=\"_ _1\"></span>a Solve<span class=\"_ _0\"></span>ncy II capi<span class=\"_ _0\"></span>tal cover<span class=\"_ _0\"></span>age ratio of 232<span class=\"_ _0\"></span>% (<span class=\"_ _1\"></span>31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 202<span class=\"_ _0\"></span>3: 224%). <span class=\"_ _1\"></span>The S<span class=\"_ _0\"></span>olve<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>y II <span class=\"_ _1\"></span>cap<span class=\"_ _0\"></span>ital po<span class=\"_ _0\"></span>siti<span class=\"_ _0\"></span>on is as <span class=\"_ _1\"></span>follows:<span class=\"_ _3b2\"> </span></div><div class=\"gs917\"><table class=\"s w3d0 h1a6\" id=\"_c64875be-79a2-4e90-9096-79d502bb00ec\"><tr><td></td><td class=\"t m2 x1c6 h13 y4606 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y4606 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x1c8 h13 y4607 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y4607 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y4608 w3d1 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Un<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>tri<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d Ti<span class=\"_ _0\"></span>er 1 O<span class=\"_ _0\"></span>wn Fu<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x610 y4608 w2f h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">11,988<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1420 y4608 w3e h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">12,845<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y4609 w3d2 h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Res<span class=\"_ _0\"></span>tri<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d Ti<span class=\"_ _0\"></span>er 1 O<span class=\"_ _0\"></span>wn Fu<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>s</div><div class=\"t m2 x1421 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x420 y4609 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">495<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x421 y4609 w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">495<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c0 w3d3 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10a ws5a\">Tier 2 Subordinated liabi<span class=\"_ _1\"></span>lities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x719 y40c0 w36 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">3,404<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7b1 y40c0 w37 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,460<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y450a w3d4 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 lsea ws27\">Eligibility restric<span class=\"_ _0\"></span>tions<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1422 y450a w41 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(27)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1423 y450a w3b h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(244)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y460a w3d5 h132\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">So<span class=\"_ _0\"></span>lve<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>cy II Ow<span class=\"_ _0\"></span>n Fun<span class=\"_ _0\"></span>ds</div><div class=\"t m2 x1424 h91 y418a ff6 fs1c fc1 sc0 ls19e ws1d1\">2,3<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa53 y40c2 w2f h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">15,860<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13d8 y40c2 w3e h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">16,556<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4193 w3d6 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Solvency<span class=\"_ _1\"></span> Capital<span class=\"_ _1\"></span> Requir<span class=\"_ _1\"></span>ement<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1425 y4193 w33 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(6,848)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1426 y4193 w34 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(7,389)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4158 w3d7 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">So<span class=\"_ _0\"></span>lve<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>cy II su<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1427 y4158 w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">9,012<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1ea y4158 w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">9,167<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w3d8 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">SC<span class=\"_ _0\"></span>R Cove<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>e rat<span class=\"_ _0\"></span>io<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1428 y40ae w3d9 h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">232%<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1429 y40ae w3da h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">224%<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs918\">1. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span> <span class=\"_ _9\"></span>Re<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d T<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>r 1 O<span class=\"_ _0\"></span>wn Fu<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ds r<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t Pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ua<span class=\"_ _0\"></span>l re<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d T<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>r 1 c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t co<span class=\"_ _0\"></span>nv<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>tib<span class=\"_ _0\"></span>le n<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>tes<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs919\">2. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>So<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ven<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>y II O<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>n Fun<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>s do n<span class=\"_ _0\"></span>ot i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>e an a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>cr<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>al fo<span class=\"_ _0\"></span>r t<span class=\"_ _0\"></span>he fi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>l di<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>d of \u00a3<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2m (31 D<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>23<span class=\"_ _0\"></span>: fin<span class=\"_ _0\"></span>al d<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d of \u00a3<span class=\"_ _0\"></span>87<span class=\"_ _0\"></span>1m) dec<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d af<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>er b<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e sh<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>et d<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs91a\">3. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span> <span class=\"_ _9\"></span>So<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>y II O<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>n Fun<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>s al<span class=\"_ _0\"></span>low f<span class=\"_ _0\"></span>or a R<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>k M<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>n of \u00a3<span class=\"_ _0\"></span>1,0<span class=\"_ _0\"></span>41m (31 De<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3: \u00a31,191<span class=\"_ _1\"></span>m) and T<span class=\"_ _0\"></span>M<span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>P of \u00a36<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>m (31 De<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3: \u00a3<span class=\"_ _0\"></span>97<span class=\"_ _0\"></span>0m).<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs91b\">A reco<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>iliatio<span class=\"_ _0\"></span>n of the Grou<span class=\"_ _0\"></span>p\u2019s IFRS sha<span class=\"_ _0\"></span>reh<span class=\"_ _0\"></span>old<span class=\"_ _0\"></span>ers<span class=\"_ _0\"></span>\u2019 equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y to Solve<span class=\"_ _0\"></span>ncy II O<span class=\"_ _0\"></span>wn Funds is give<span class=\"_ _0\"></span>n bel<span class=\"_ _0\"></span>ow:<span class=\"_ _3b2\"> </span></div><div class=\"gs91c\"><table class=\"s w3db h1a7\" id=\"_86533099-31f6-4365-8ef4-f17ae5f650a7\"><tr><td></td><td class=\"t m2 x1c6 h13 y460b ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y460b ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x1c8 h13 y460c ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y460c ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c x1cb y460d w3dc h11f\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">IF<span class=\"_ _0\"></span>RS eq<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y</div><div class=\"t m2 x5fb h91 y40aa ff5 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3c6 y460e w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">3,548<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3c7 y460e w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">4,826<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y460f wb3 h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">C<span class=\"_ _0\"></span>SM n<span class=\"_ _0\"></span>et of t<span class=\"_ _0\"></span>ax</div><div class=\"t m2 x2f7 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa53 y4610 w2f h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">10,287<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13d8 y4610 w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">10,048<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4611 w3dd h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">IF<span class=\"_ _0\"></span>RS eq<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y pl<span class=\"_ _0\"></span>us C<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>M net of ta<span class=\"_ _0\"></span>x<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x142a y4611 w2f h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">13,835<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x142b y4611 w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">14,874<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4608 w3de h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">Rem<span class=\"_ _0\"></span>ove DAC, go<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>dwil<span class=\"_ _0\"></span>l and othe<span class=\"_ _0\"></span>r inta<span class=\"_ _0\"></span>ngi<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>e asse<span class=\"_ _0\"></span>ts and ass<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>iate<span class=\"_ _0\"></span>d liabi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>ies<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x142c y4608 w3a h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(473)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x142d y4608 w3b h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(525)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y417f w3df h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Add IFRS carr<span class=\"_ _0\"></span>ying value of subordinat<span class=\"_ _1\"></span>ed borrowings</div><div class=\"t m2 x12f5 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3c6 y40bf w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">3,788<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3c7 y40bf w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,768<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y4170 w2a8 h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 lsea ws27\">Insurance contrac<span class=\"_ _0\"></span>t valuation differences</div><div class=\"t m2 xa97 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3cb y4170 w3a h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(626)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3cc y4170 w3b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(622)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y4180 w3e0 h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Financial investments valuation<span class=\"_ _1\"></span> differences</div><div class=\"t m2 x142e h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x142f y4180 w33 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(1,118)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1430 y4180 w3b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(845)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y4181 w3e1 h12f\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Dif<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>ce i<span class=\"_ _0\"></span>n val<span class=\"_ _0\"></span>ue of n<span class=\"_ _0\"></span>et de<span class=\"_ _0\"></span>fer<span class=\"_ _0\"></span>red t<span class=\"_ _0\"></span>ax l<span class=\"_ _0\"></span>iab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s</div><div class=\"t m2 x1431 hbc y408c ff4 fs1c fc1 sc0 ls19f ws1d2\">2,4<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x420 y4181 w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">491<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x421 y4181 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">203<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y4183 w3e2 h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 lsea ws122\">Othe<span class=\"_ _0\"></span>r</div><div class=\"t m2 x1432 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x509 y4183 w41 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(10)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1433 y4183 w71 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(53)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y4184 w3e3 h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 lsea ws27\">Eligibility restric<span class=\"_ _0\"></span>tions</div><div class=\"t m2 x1434 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x509 y4184 w41 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(27)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1435 y4184 w3b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(244)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y40ad w3e4 h11f\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">So<span class=\"_ _0\"></span>lve<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>cy II Ow<span class=\"_ _0\"></span>n Fun<span class=\"_ _0\"></span>ds</div><div class=\"t m2 x1424 h91 y40aa ff6 fs1c fc1 sc0 ls1a0 ws1d3\">4,5<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa53 y40ae w2f h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">15,860<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13d8 y40ae w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">16,556<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs91d\">1. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>IF<span class=\"_ _0\"></span>R<span class=\"_ _0\"></span>S eq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y r<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s eq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>bu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le t<span class=\"_ _0\"></span>o own<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>rs o<span class=\"_ _0\"></span>f th<span class=\"_ _0\"></span>e pa<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t 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>te<span class=\"_ _0\"></span>d T<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>r 1 c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>nve<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ib<span class=\"_ _0\"></span>le d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>bt n<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>e as p<span class=\"_ _0\"></span>er t<span class=\"_ _0\"></span>he C<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d Ba<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e S<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls27 ws2e gs91e\">2<span class=\"_ _0\"></span>. <span class=\"_ _5\"> </span> <span class=\"_ _9\"></span>O<span class=\"_ _0\"></span>n 31 De<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>, C<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>M ne<span class=\"_ _0\"></span>t of ta<span class=\"_ _0\"></span>x an<span class=\"_ _0\"></span>d di<span class=\"_ _0\"></span>ff<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e in va<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>e of ne<span class=\"_ _0\"></span>t d<span class=\"_ _0\"></span>efe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d ta<span class=\"_ _0\"></span>x li<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s we<span class=\"_ _0\"></span>re r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d to re<span class=\"_ _0\"></span>fl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e in<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>du<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on of t<span class=\"_ _0\"></span>he n<span class=\"_ _0\"></span>ew c<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>e in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e ta<span class=\"_ _0\"></span>x re<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>me i<span class=\"_ _0\"></span>n Be<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>mu<span class=\"_ _0\"></span>da<span class=\"_ _0\"></span>, </div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls27 ws2e gs91f\">wh<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>h was e<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d in D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs920\">3. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>T<span class=\"_ _1\"></span>re<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>s ava<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>pi<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>l on t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e So<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>y II b<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e sh<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>et a<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>e li<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e su<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>ate t<span class=\"_ _0\"></span>o po<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>cy<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r c<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>s.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs921\">4. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>Th<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>e ba<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e un<span class=\"_ _0\"></span>au<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs922\">5. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>So<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ven<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>y II O<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>n Fun<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>s do n<span class=\"_ _0\"></span>ot i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>e an a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>cr<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>al fo<span class=\"_ _0\"></span>r t<span class=\"_ _0\"></span>he fi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>l di<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>d of \u00a3<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2m (3<span class=\"_ _0\"></span>1 De<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>23<span class=\"_ _0\"></span>: fin<span class=\"_ _0\"></span>al d<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d of \u00a3<span class=\"_ _0\"></span>87<span class=\"_ _0\"></span>1m) dec<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d af<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>er t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e bal<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e sh<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t da<span class=\"_ _0\"></span>te.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h21 ff1 fs10 fc2 sc0 ls136 wsd5 gs924\">Se<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>iv<span class=\"_ _3\"></span>it<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ly<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>s (u<span class=\"_ _0\"></span>nau<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>)<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs925\">Th<span class=\"_ _0\"></span>e followin<span class=\"_ _0\"></span>g se<span class=\"_ _0\"></span>nsiti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ties a<span class=\"_ _0\"></span>re provi<span class=\"_ _0\"></span>ded to gi<span class=\"_ _0\"></span>ve an ind<span class=\"_ _0\"></span>ica<span class=\"_ _0\"></span>tion of h<span class=\"_ _0\"></span>ow the G<span class=\"_ _0\"></span>roup\u2019s S<span class=\"_ _0\"></span>olve<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>y II sur<span class=\"_ _0\"></span>plu<span class=\"_ _0\"></span>s as at 31 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>024 wou<span class=\"_ _0\"></span>ld have ch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs926\">in a varie<span class=\"_ _0\"></span>ty of adve<span class=\"_ _0\"></span>rse eve<span class=\"_ _0\"></span>nts. T<span class=\"_ _0\"></span>hes<span class=\"_ _0\"></span>e are all inde<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>nt stre<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s to a <span class=\"_ _1\"></span>singl<span class=\"_ _0\"></span>e risk<span class=\"_ _0\"></span>. In pr<span class=\"_ _0\"></span>acti<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>, the bala<span class=\"_ _0\"></span>nce sh<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t is impac<span class=\"_ _0\"></span>ted by com<span class=\"_ _0\"></span>bin<span class=\"_ _0\"></span>ation<span class=\"_ _0\"></span>s of </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs927\">stres<span class=\"_ _0\"></span>ses an<span class=\"_ _0\"></span>d the co<span class=\"_ _0\"></span>mbin<span class=\"_ _0\"></span>ed im<span class=\"_ _0\"></span>pac<span class=\"_ _0\"></span>t can be la<span class=\"_ _0\"></span>rge<span class=\"_ _0\"></span>r than addi<span class=\"_ _0\"></span>ng toget<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r the impa<span class=\"_ _0\"></span>cts of the sam<span class=\"_ _0\"></span>e stre<span class=\"_ _0\"></span>sses in iso<span class=\"_ _0\"></span>latio<span class=\"_ _0\"></span>n. I<span class=\"_ _0\"></span>t is expe<span class=\"_ _0\"></span>cted that<span class=\"_ _0\"></span>, </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs928\">par<span class=\"_ _3\"></span>ticula<span class=\"_ _0\"></span>rl<span class=\"_ _0\"></span>y for market ris<span class=\"_ _0\"></span>ks, ad<span class=\"_ _0\"></span>vers<span class=\"_ _0\"></span>e stres<span class=\"_ _0\"></span>ses will hap<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>n toget<span class=\"_ _0\"></span>her.<span class=\"_ _3b2\"> </span></div><div class=\"gs929\"><table class=\"s w355 h1a8\" id=\"_c90a8c04-7ec8-4444-aad6-8311e50bc79e\"><tr><td></td><td class=\"t m2 x26a h13 y4612 ff6 fs9 fc1 sc0 ls18 ws32\">Im<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t on<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x324 h13 y4612 ff6 fs9 fc1 sc0 ls18 ws32\">Im<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t on<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x615 hf y4612 ff3 fs9 fc1 sc0 ls168 ws123\">Impact on<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xb53 hf y4612 ff3 fs9 fc1 sc0 ls168 ws123\">Impact on<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x497 h13 y4613 ff5 fs9 fc1 sc0 ls18 ws0\">ne<span class=\"_ _0\"></span>t of t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x31f h13 y4613 ff5 fs9 fc1 sc0 ls18 ws0\">ne<span class=\"_ _0\"></span>t of t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x42b hf y4613 ff3 fs9 fc1 sc0 ls18 ws0\">ne<span class=\"_ _0\"></span>t of ta<span class=\"_ _0\"></span>x<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xbad hf y4613 ff3 fs9 fc1 sc0 ls18 ws0\">ne<span class=\"_ _0\"></span>t of ta<span class=\"_ _0\"></span>x<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x1436 h13 y4614 ff6 fs9 fc1 sc0 ls18 ws32\">So<span class=\"_ _0\"></span>lve<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>cy II<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x493 h13 y4614 ff6 fs9 fc1 sc0 ls18 ws32\">So<span class=\"_ _0\"></span>lve<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>cy II<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x94c hf y4614 ff3 fs9 fc1 sc0 ls18 ws0\">So<span class=\"_ _0\"></span>lv<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>cy I<span class=\"_ _0\"></span>I<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x13db hf y4614 ff3 fs9 fc1 sc0 ls18 ws0\">So<span class=\"_ _0\"></span>lv<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>cy I<span class=\"_ _0\"></span>I<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x26e h13 y4615 ff5 fs9 fc1 sc0 ls3b ws4d\">capital surplus<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x4c5 h13 y4615 ff6 fs9 fc1 sc0 ls18 ws32\">cov<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>e ra<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>o<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xc74 hf y4615 ff3 fs9 fc1 sc0 ls189 ws4b\">capital surplus<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1437 hf y4615 ff3 fs9 fc1 sc0 ls16a ws34\">cover<span class=\"_ _0\"></span>age rati<span class=\"_ _0\"></span>o<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x430 h13 y4616 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x431 h13 y4616 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c6 hf y4616 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y4616 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x896 h13 y4617 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3bn<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x499 h13 y4617 ff5 fs9 fc1 sc0 ls1 ws0\">%<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 hf y4617 ff3 fs9 fc1 sc0 ls115 ws4f\">\u00a3bn<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x581 h10 y4617 ff4 fs9 fc1 sc0 ls1 ws0\">%<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y4618 w3e5 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">100<span class=\"_ _0\"></span>bps i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>rea<span class=\"_ _0\"></span>se in r<span class=\"_ _0\"></span>isk<span class=\"_ _0\"></span>-f<span class=\"_ _0\"></span>ree r<span class=\"_ _0\"></span>ates<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1438 y4618 w3e6 h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(0.0)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1439 y4618 w7b h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">11<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x143a y4618 w3e7 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">0.1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x230 y4618 w39 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">10<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y4619 w3e8 h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">100<span class=\"_ _0\"></span>bps d<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>ase i<span class=\"_ _0\"></span>n ris<span class=\"_ _0\"></span>k-f<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>e rate<span class=\"_ _0\"></span>s</div><div class=\"t m2 xbc4 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x435 y461a w3e6 h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(0.2)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x143b y461a w41 h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(14)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x143c y461a w3e9 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(0.2)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x143d y461a w5a h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(11)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y44dd w3ea h12f\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Cre<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t spr<span class=\"_ _0\"></span>ead<span class=\"_ _0\"></span>s wid<span class=\"_ _0\"></span>en by 10<span class=\"_ _0\"></span>0b<span class=\"_ _0\"></span>ps as<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>g an e<span class=\"_ _0\"></span>sc<span class=\"_ _0\"></span>alat<span class=\"_ _0\"></span>ing a<span class=\"_ _0\"></span>ddi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on to ra<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>gs</div><div class=\"t m2 x143e hbc y408c ff4 fs1c fc1 sc0 ls1a1 ws1d4\">2,3<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x952 y456b w3eb h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">0.2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x143f y456b w59 h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws0\">9<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1440 y456b w3ec h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">0.4<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1441 y456b w39 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">14<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y461b w3ed h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Cre<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t spr<span class=\"_ _0\"></span>ead<span class=\"_ _0\"></span>s wid<span class=\"_ _0\"></span>en by 10<span class=\"_ _0\"></span>0b<span class=\"_ _0\"></span>ps as<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>g a f<span class=\"_ _0\"></span>lat ad<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n to rati<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>s</div><div class=\"t m2 x1442 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x952 y461c w3eb h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">0.2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1443 y461c w7b h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">13<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1444 y461c w3e7 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">0.5<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1445 y461c w39 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">15<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y4434 w3ee h12f\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Cre<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t spr<span class=\"_ _0\"></span>ead<span class=\"_ _0\"></span>s nar<span class=\"_ _0\"></span>row by 10<span class=\"_ _0\"></span>0b<span class=\"_ _0\"></span>ps as<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>g a f<span class=\"_ _0\"></span>lat d<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n fro<span class=\"_ _0\"></span>m rat<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>gs</div><div class=\"t m2 x1446 hbc y408c ff4 fs1c fc1 sc0 ls19f ws1d2\">2,4<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x435 y456d w3e6 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(0.6)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x143b y456d w41 h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(18)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x143c y456d w3e9 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(0.7)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x143d y456d w5a h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(18)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 h1a y461d ff3 fs6 fc1 sc0 ls56 ws0\">Cre<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t spr<span class=\"_ _0\"></span>ead<span class=\"_ _0\"></span>s of su<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>inve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt gr<span class=\"_ _0\"></span>ade a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ets wi<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>n by 100<span class=\"_ _0\"></span>bp<span class=\"_ _0\"></span>s ass<span class=\"_ _0\"></span>umi<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span> </td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c x1cb y41dd w3ef h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">a<span class=\"_ gs5e1\"> </span>leve<span class=\"_ _0\"></span>l<span class=\"_ gs5e1\"> </span>ad<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n<span class=\"_ gs5e1\"> </span>to<span class=\"_ gs5e1\"> </span>rati<span class=\"_ _0\"></span>ngs</div><div class=\"t m2 x1447 hbc y41e5 ff4 fs1c fc1 sc0 ls1a2 ws1d5\">2,5<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x435 y41dd w3e6 h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(0.1)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1448 y41dd w67 h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(3)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1449 y41dd w3e9 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(0.2)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x144a y41dd w6a h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(7)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y4180 w15b h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 lsea ws27\">Credit migration</div><div class=\"t m2 x4ee h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">6<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x435 y40c1 w3e6 h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(0.5)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1448 y40c1 w67 h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(8)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1449 y40c1 w3e9 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(0.7)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x144b y40c1 w71 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(10)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y419a w3f0 h143\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">25% fall in eq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>ty ma<span class=\"_ _0\"></span>rke<span class=\"_ _0\"></span>ts</div><div class=\"t m2 x144c h5a y41e5 ff3 fs1c fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x435 y419a w3e6 h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(0.5)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1448 y419a w67 h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(5)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1449 y419a w3e9 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(0.4)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x144a y419a w6a h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(3)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y4121 w3f1 h143\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1<span class=\"_ _1\"></span>5% fall in pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y mar<span class=\"_ _0\"></span>kets</div><div class=\"t m2 x144d h5a y41e5 ff3 fs1c fc1 sc0 ls1 ws0\">8<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x435 y4121 w3e6 h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(0.8)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x143b y4121 w41 h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(10)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x143c y4121 w3e9 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(0.9)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x143d y4121 w5a h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(10)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ac w2d1 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">50<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>ps in<span class=\"_ _0\"></span>cr<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>e in fu<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>re inf<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n exp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>cta<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x144e y40ac w3eb h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">0.1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x144f y40ac w6d h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(1)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1450 y40ac w3e9 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(0.1)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11f1 y40ac w6a h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(3)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y40ae w2ab h143\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">10% incr<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>e in mainte<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>ce ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nse<span class=\"_ _0\"></span>s</div><div class=\"t m2 xa9a h5a y41e5 ff3 fs1c fc1 sc0 ls1 ws0\">9<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x435 y40ae w3e6 h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(0.3)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1448 y40ae w67 h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(5)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1449 y40ae w3e9 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(0.3)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x144a y40ae w6a h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(4)<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs92a\">1. <span class=\"_ _15\"> </span>In t<span class=\"_ _0\"></span>he i<span class=\"_ _0\"></span>nt<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 do<span class=\"_ _0\"></span>wn s<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>s n<span class=\"_ _0\"></span>eg<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>e ra<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e al<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>d, i<span class=\"_ _0\"></span>.e<span class=\"_ _0\"></span>. th<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e is n<span class=\"_ _0\"></span>o fl<span class=\"_ _0\"></span>oo<span class=\"_ _0\"></span>r at z<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>o r<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs92b\">2. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>Th<span class=\"_ _0\"></span>e sp<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>d se<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y ap<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>es to t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e Gr<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>p\u2019s c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>te b<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>d (an<span class=\"_ _0\"></span>d si<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>r) ho<span class=\"_ _0\"></span>ld<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>s, w<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>th n<span class=\"_ _0\"></span>o ch<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>e in l<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>m de<span class=\"_ _0\"></span>fa<span class=\"_ _0\"></span>ul<span class=\"_ _0\"></span>t e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>s. R<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d l<span class=\"_ _0\"></span>ife<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tg<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e exc<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ed </div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs92c\">as th<span class=\"_ _0\"></span>e u<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>rl<span class=\"_ _0\"></span>yi<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g ex<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e is m<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>y to p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ty.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs92d\">3. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>Th<span class=\"_ _0\"></span>e s<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>s fo<span class=\"_ _0\"></span>r A<span class=\"_ _0\"></span>A b<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>s is t<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e th<span class=\"_ _0\"></span>at f<span class=\"_ _0\"></span>or A<span class=\"_ _3\"></span>A<span class=\"_ _0\"></span>A b<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ds<span class=\"_ _0\"></span>, f<span class=\"_ _0\"></span>or A b<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>s it i<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>e ti<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, fo<span class=\"_ _0\"></span>r BB<span class=\"_ _0\"></span>B fo<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>r ti<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d so o<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>, su<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>h th<span class=\"_ _0\"></span>at t<span class=\"_ _0\"></span>he w<span class=\"_ _0\"></span>ei<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>hte<span class=\"_ _0\"></span>d av<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ge s<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>d s<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>s fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>io i<span class=\"_ _0\"></span>s 100 </div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs92e\">bas<span class=\"_ _0\"></span>is p<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>. To give a 10<span class=\"_ _0\"></span>0b<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>s in<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>ase o<span class=\"_ _0\"></span>n t<span class=\"_ _0\"></span>he to<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>l p<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>tfo<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>o, t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e sp<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>ad s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>ss i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s in s<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>ps o<span class=\"_ _0\"></span>f 32<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>ps<span class=\"_ _0\"></span>, i.<span class=\"_ _0\"></span>e. 3<span class=\"_ _0\"></span>2b<span class=\"_ _0\"></span>ps f<span class=\"_ _0\"></span>or A<span class=\"_ _3\"></span>A<span class=\"_ _0\"></span>A<span class=\"_ _3\"></span>, 6<span class=\"_ _0\"></span>4b<span class=\"_ _0\"></span>ps f<span class=\"_ _0\"></span>or A<span class=\"_ _3\"></span>A et<span class=\"_ _0\"></span>c.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs92f\">4. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>Th<span class=\"_ _0\"></span>e sp<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>d na<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>ow<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g s<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>s ha<span class=\"_ _0\"></span>s ch<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>m a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g a<span class=\"_ _0\"></span>n es<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>du<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on f<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>m r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>gs t<span class=\"_ _0\"></span>o a fla<span class=\"_ _0\"></span>t de<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>s di<span class=\"_ _0\"></span>sc<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d s<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>s is n<span class=\"_ _0\"></span>o lo<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>r s<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>le d<span class=\"_ _0\"></span>ue t<span class=\"_ _0\"></span>o th<span class=\"_ _0\"></span>e </div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs930\">low s<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>ad d<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>s be<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n ra<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>gs u<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e ba<span class=\"_ _0\"></span>se e<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>ic c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>s at 31 D<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>24<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs931\">5. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>No s<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>s fo<span class=\"_ _0\"></span>r b<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ds r<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed B<span class=\"_ _0\"></span>B<span class=\"_ _0\"></span>B an<span class=\"_ _0\"></span>d a<span class=\"_ _0\"></span>bov<span class=\"_ _0\"></span>e. F<span class=\"_ _0\"></span>or b<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>s ra<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d B<span class=\"_ _0\"></span>B an<span class=\"_ _0\"></span>d be<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ow th<span class=\"_ _0\"></span>e s<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>s is 10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>bp<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e sp<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>d wi<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g on t<span class=\"_ _0\"></span>he t<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>al p<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>tf<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>io i<span class=\"_ _0\"></span>s sm<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>n 1bps as t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e Gr<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>p h<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>ds </div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs932\">le<span class=\"_ _0\"></span>ss t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>n 1% in bo<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>s ra<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d B<span class=\"_ _0\"></span>B an<span class=\"_ _0\"></span>d b<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>ow. T<span class=\"_ _0\"></span>he i<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t i<span class=\"_ _0\"></span>s pr<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ly a<span class=\"_ _0\"></span>n i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e in S<span class=\"_ _0\"></span>C<span class=\"_ _0\"></span>R ar<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>ng f<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>m th<span class=\"_ _0\"></span>e m<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>d c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t of t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ad<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g do<span class=\"_ _0\"></span>wn<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d b<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ds b<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>k to a h<span class=\"_ _0\"></span>ig<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>er r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng i<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e </div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs933\">st<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>ss s<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>os i<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e SC<span class=\"_ _0\"></span>R c<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ul<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs934\">6. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>Cr<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t mi<span class=\"_ _0\"></span>gr<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on s<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>s c<span class=\"_ _0\"></span>ove<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t of an i<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>te bi<span class=\"_ _0\"></span>g le<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>er d<span class=\"_ _0\"></span>ow<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ad<span class=\"_ _0\"></span>e on 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>% of al<span class=\"_ _0\"></span>l as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s wh<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>re t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>ap<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>l tr<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>s o<span class=\"_ _0\"></span>n a cr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t ra<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g (i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g co<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ate </div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs935\">bo<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, an<span class=\"_ _0\"></span>d sa<span class=\"_ _0\"></span>le a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>eb<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>k r<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>l s<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ip<span class=\"_ _0\"></span>s; l<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>e mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ga<span class=\"_ _0\"></span>ge s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or n<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>re e<span class=\"_ _0\"></span>xcl<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>). D<span class=\"_ _0\"></span>ow<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s in o<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>r an<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es p<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>o ar<span class=\"_ _0\"></span>e as<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>d to b<span class=\"_ _0\"></span>e tr<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d to t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>ir o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ig<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>al </div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs936\">cr<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t ra<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>, s<span class=\"_ _0\"></span>o th<span class=\"_ _0\"></span>e i<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t i<span class=\"_ _0\"></span>s pr<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ly a r<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n i<span class=\"_ _0\"></span>n Ow<span class=\"_ _0\"></span>n Fu<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>s fr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>m th<span class=\"_ _0\"></span>e lo<span class=\"_ _0\"></span>ss o<span class=\"_ _0\"></span>f val<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>e on d<span class=\"_ _0\"></span>ow<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ad<span class=\"_ _0\"></span>e. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e im<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t of th<span class=\"_ _0\"></span>e s<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y w<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>l de<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>d u<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e m<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ke<span class=\"_ _0\"></span>t le<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>ls of s<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ad<span class=\"_ _0\"></span>s at </div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs937\">th<span class=\"_ _0\"></span>e ba<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e s<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t da<span class=\"_ _0\"></span>te.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs938\">7<span class=\"_ _1\"></span>. <span class=\"_ _23\"> </span> <span class=\"_ _b\"></span>T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>is r<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es p<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>y to e<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y ex<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e he<span class=\"_ _0\"></span>ld b<span class=\"_ _0\"></span>y th<span class=\"_ _0\"></span>e G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up b<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>t wi<span class=\"_ _0\"></span>ll a<span class=\"_ _0\"></span>ls<span class=\"_ _0\"></span>o in<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>de e<span class=\"_ _0\"></span>q<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ed m<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>al f<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>ds a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r in<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ts t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ei<span class=\"_ _0\"></span>ve a<span class=\"_ _0\"></span>n e<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>ss (fo<span class=\"_ _0\"></span>r ex<span class=\"_ _0\"></span>am<span class=\"_ _0\"></span>pl<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>, ce<span class=\"_ _0\"></span>r<span class=\"_ _3\"></span>tai<span class=\"_ _0\"></span>n </div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs939\">inv<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>e<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>id<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>es). S<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>me a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ts h<span class=\"_ _0\"></span>ave fa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>rs t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>t in<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e or d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>cr<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>se t<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>ss r<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>e to ge<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>l eq<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y l<span class=\"_ _0\"></span>eve<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>s vi<span class=\"_ _0\"></span>a a be<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a fac<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>or.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs93a\">8. <span class=\"_ _15\"> </span>As<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d in<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>de r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>ua<span class=\"_ _0\"></span>l va<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>es f<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>m s<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e an<span class=\"_ _0\"></span>d le<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>eb<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>, t<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>ul<span class=\"_ _0\"></span>l a<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>t of l<span class=\"_ _0\"></span>ife<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>e mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ga<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>nd d<span class=\"_ _0\"></span>ir<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t i<span class=\"_ _0\"></span>nve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s tr<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d as p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ty.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs93b\">9. <span class=\"_ _15\"> </span>A 10% in<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>e in t<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d un<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t co<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>nd f<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>re c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s of i<span class=\"_ _0\"></span>nve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t ma<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>ss a<span class=\"_ _0\"></span>ll l<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>m in<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce b<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>ss l<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs93c\">Th<span class=\"_ _0\"></span>e above sen<span class=\"_ _0\"></span>siti<span class=\"_ _0\"></span>vit<span class=\"_ _0\"></span>y an<span class=\"_ _0\"></span>alysi<span class=\"_ _0\"></span>s does n<span class=\"_ _0\"></span>ot refle<span class=\"_ _0\"></span>ct all ma<span class=\"_ _0\"></span>nage<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt act<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s which c<span class=\"_ _0\"></span>ould b<span class=\"_ _0\"></span>e taken to reduc<span class=\"_ _0\"></span>e the imp<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>s. In pra<span class=\"_ _0\"></span>ctic<span class=\"_ _0\"></span>e, th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p active<span class=\"_ _0\"></span>ly </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 lsd ws7f gs93d\">mana<span class=\"_ _0\"></span>ges its asse<span class=\"_ _0\"></span>t and liabili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y positi<span class=\"_ _0\"></span>ons to respon<span class=\"_ _0\"></span>d to <span class=\"_ _1\"></span>market move<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts. All<span class=\"_ _0\"></span>owanc<span class=\"_ _0\"></span>e is made for <span class=\"_ _1\"></span>the rec<span class=\"_ _0\"></span>alc<span class=\"_ _0\"></span>ulati<span class=\"_ _0\"></span>on of the Loss Abso<span class=\"_ _0\"></span>rbi<span class=\"_ _0\"></span>ng Capa<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>ty of<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs93e\">Defer<span class=\"_ _0\"></span>red T<span class=\"_ _1\"></span>ax for all stress<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, assum<span class=\"_ _0\"></span>ing ful<span class=\"_ _0\"></span>l capa<span class=\"_ _0\"></span>cit<span class=\"_ _0\"></span>y re<span class=\"_ _0\"></span>mains avail<span class=\"_ _0\"></span>able p<span class=\"_ _0\"></span>ost st<span class=\"_ _0\"></span>ress<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs93f\">Th<span class=\"_ _0\"></span>e imp<span class=\"_ _0\"></span>acts of th<span class=\"_ _0\"></span>ese s<span class=\"_ _0\"></span>tres<span class=\"_ _0\"></span>ses are n<span class=\"_ _0\"></span>ot lin<span class=\"_ _0\"></span>ear th<span class=\"_ _0\"></span>erefor<span class=\"_ _0\"></span>e thes<span class=\"_ _0\"></span>e resul<span class=\"_ _0\"></span>ts sh<span class=\"_ _0\"></span>oul<span class=\"_ _0\"></span>d not b<span class=\"_ _0\"></span>e use<span class=\"_ _0\"></span>d to interp<span class=\"_ _0\"></span>olate or e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>pol<span class=\"_ _0\"></span>ate the im<span class=\"_ _0\"></span>pac<span class=\"_ _0\"></span>t of a small<span class=\"_ _0\"></span>er o<span class=\"_ _0\"></span>r </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs940\">larg<span class=\"_ _0\"></span>er stre<span class=\"_ _0\"></span>ss. T<span class=\"_ _0\"></span>he resu<span class=\"_ _0\"></span>lts of thes<span class=\"_ _0\"></span>e tests are indic<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ve of the market co<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns prevail<span class=\"_ _0\"></span>ing at the bal<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e she<span class=\"_ _0\"></span>et date. Th<span class=\"_ _0\"></span>e resul<span class=\"_ _0\"></span>ts would b<span class=\"_ _0\"></span>e dif<span class=\"_ _0\"></span>ferent<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs941\">if per<span class=\"_ _3\"></span>forme<span class=\"_ _0\"></span>d at an altern<span class=\"_ _0\"></span>ative rep<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>ting date.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h15 ff1 fs5 fc2 sc0 ls18 ws0 gs942\">Capita<span class=\"_ _0\"></span>l m<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>gement p<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>icie<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d obje<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ive<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs943\">Th<span class=\"_ _0\"></span>e Group ai<span class=\"_ _0\"></span>ms to manage it<span class=\"_ _0\"></span>s capi<span class=\"_ _0\"></span>tal reso<span class=\"_ _0\"></span>urc<span class=\"_ _0\"></span>es to maintai<span class=\"_ _0\"></span>n fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al stre<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>th, p<span class=\"_ _0\"></span>olic<span class=\"_ _0\"></span>yh<span class=\"_ _0\"></span>old<span class=\"_ _0\"></span>er se<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y and re<span class=\"_ _0\"></span>lative ex<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>nal rati<span class=\"_ _0\"></span>ngs ad<span class=\"_ _0\"></span>vanta<span class=\"_ _0\"></span>ge.<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs944\">Th<span class=\"_ _0\"></span>e<span class=\"_ gsec\"> </span>Grou<span class=\"_ _0\"></span>p also se<span class=\"_ _0\"></span>eks to maxi<span class=\"_ _0\"></span>mise its f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al fl<span class=\"_ _0\"></span>exibi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y by maint<span class=\"_ _0\"></span>ainin<span class=\"_ _0\"></span>g stro<span class=\"_ _0\"></span>ng liqui<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>y an<span class=\"_ _0\"></span>d by utilisin<span class=\"_ _0\"></span>g a range of alter<span class=\"_ _0\"></span>nati<span class=\"_ _0\"></span>ve sourc<span class=\"_ _0\"></span>es of capi<span class=\"_ _0\"></span>tal<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs945\">inc<span class=\"_ _0\"></span>ludi<span class=\"_ _0\"></span>ng equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y, senio<span class=\"_ _0\"></span>r debt<span class=\"_ _0\"></span>, subo<span class=\"_ _0\"></span>rdin<span class=\"_ _0\"></span>ated de<span class=\"_ _0\"></span>bt and reins<span class=\"_ _0\"></span>ura<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h15 ff1 fs5 fc2 sc0 lse ws43 gs946\">Capi<span class=\"_ _1\"></span>tal measures<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs947\">Th<span class=\"_ _0\"></span>e Group m<span class=\"_ _0\"></span>easu<span class=\"_ _0\"></span>res its ca<span class=\"_ _0\"></span>pit<span class=\"_ _0\"></span>al on a numb<span class=\"_ _0\"></span>er of dif<span class=\"_ _0\"></span>feren<span class=\"_ _0\"></span>t bases<span class=\"_ _0\"></span>, inc<span class=\"_ _0\"></span>ludi<span class=\"_ _0\"></span>ng tho<span class=\"_ _0\"></span>se whic<span class=\"_ _0\"></span>h com<span class=\"_ _0\"></span>ply wi<span class=\"_ _0\"></span>th the reg<span class=\"_ _0\"></span>ulator<span class=\"_ _3\"></span>y frame<span class=\"_ _0\"></span>wor<span class=\"_ _0\"></span>ks withi<span class=\"_ _0\"></span>n which th<span class=\"_ _0\"></span>e </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs948\">Grou<span class=\"_ _0\"></span>p ope<span class=\"_ _0\"></span>rates and th<span class=\"_ _0\"></span>ose whi<span class=\"_ _0\"></span>ch the di<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>tors co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>er mo<span class=\"_ _0\"></span>st app<span class=\"_ _0\"></span>ropr<span class=\"_ _0\"></span>iate for manag<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e busin<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>. The m<span class=\"_ _0\"></span>easu<span class=\"_ _0\"></span>res use<span class=\"_ _0\"></span>d by the Group in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>de:<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h58 ff9 fs5 fc2 sc0 ls18 ws0 gs949\">Acc<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng a<span class=\"_ _0\"></span>nd e<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>ic b<span class=\"_ _0\"></span>ase<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs94a\">Mana<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t use f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al infor<span class=\"_ _0\"></span>matio<span class=\"_ _0\"></span>n pre<span class=\"_ _0\"></span>pare<span class=\"_ _0\"></span>d on b<span class=\"_ _0\"></span>oth an I<span class=\"_ _0\"></span>FR<span class=\"_ _0\"></span>S and r<span class=\"_ _0\"></span>isk-<span class=\"_ _0\"></span>ba<span class=\"_ _0\"></span>sed c<span class=\"_ _0\"></span>api<span class=\"_ _0\"></span>tal ba<span class=\"_ _0\"></span>sis to mana<span class=\"_ _0\"></span>ge ca<span class=\"_ _0\"></span>pit<span class=\"_ _0\"></span>al and c<span class=\"_ _0\"></span>ash f<span class=\"_ _0\"></span>low u<span class=\"_ _0\"></span>sag<span class=\"_ _0\"></span>e and to </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs94b\">deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>e divi<span class=\"_ _0\"></span>den<span class=\"_ _0\"></span>d payin<span class=\"_ _0\"></span>g capa<span class=\"_ _0\"></span>cit<span class=\"_ _0\"></span>y. </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs94c\">Th<span class=\"_ _0\"></span>e Group ma<span class=\"_ _0\"></span>intai<span class=\"_ _0\"></span>ns a risk-<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>ased c<span class=\"_ _0\"></span>api<span class=\"_ _0\"></span>tal mo<span class=\"_ _0\"></span>del th<span class=\"_ _0\"></span>at is used to supp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e manag<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent of risk wi<span class=\"_ _0\"></span>thin th<span class=\"_ _0\"></span>e Group<span class=\"_ _0\"></span>. This mo<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>lling fr<span class=\"_ _0\"></span>ame<span class=\"_ _0\"></span>work<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs94d\">suit<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>y adjus<span class=\"_ _0\"></span>ted for regul<span class=\"_ _0\"></span>ator<span class=\"_ _0\"></span>y co<span class=\"_ _0\"></span>nst<span class=\"_ _0\"></span>raint<span class=\"_ _0\"></span>s, also m<span class=\"_ _0\"></span>eet<span class=\"_ _0\"></span>s the ne<span class=\"_ _0\"></span>eds of the S<span class=\"_ _0\"></span>olve<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>y II regim<span class=\"_ _0\"></span>e.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 he ff1 fs8 fc2 sc0 lsc6 wsde gs94f\">27<span class=\"_ _1c\"></span><span class=\"ls8d ws0\">. <span class=\"_ _14\"> </span>Mana<span class=\"_ _0\"></span>g<span class=\"_ _1\"></span>em<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>t o<span class=\"_ _1\"></span>f ca<span class=\"_ _1\"></span>pi<span class=\"_ _1\"></span>tal reso<span class=\"_ _1\"></span>urces <span class=\"ff86 lsaa wsb0\">co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>nue<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></span></span></div><div class=\"t m2 h21 ff1 fs10 fc2 sc0 ls77 ws0 gs950\">Sensit<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y an<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>lysis (<span class=\"_ _1\"></span>u<span class=\"_ _0\"></span>naudite<span class=\"_ _0\"></span>d) <span class=\"ff86 ls12f ws1b5\">cont<span class=\"_ _0\"></span>i<span class=\"_ _3\"></span>nue<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></span></div><div class=\"t m2 h58 ff9 fs5 fc2 sc0 lse ws43 gs951\">Regulator<span class=\"_ _0\"></span>y bases<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs952\">Th<span class=\"_ _0\"></span>e fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial stre<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>th of the Group<span class=\"_ _0\"></span>\u2019s insuran<span class=\"_ _0\"></span>ce sub<span class=\"_ _0\"></span>sidia<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>s is measu<span class=\"_ _0\"></span>red un<span class=\"_ _0\"></span>der var<span class=\"_ _0\"></span>iou<span class=\"_ _0\"></span>s loc<span class=\"_ _0\"></span>al reg<span class=\"_ _0\"></span>ulator<span class=\"_ _3\"></span>y require<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts (see bel<span class=\"_ _0\"></span>ow).<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h15 ff1 fs5 fc2 sc0 ls18 ws0 gs953\">Bas<span class=\"_ _0\"></span>is of re<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>lat<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>y cap<span class=\"_ _0\"></span>ita<span class=\"_ _0\"></span>l a<span class=\"_ _0\"></span>nd cor<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>esp<span class=\"_ _0\"></span>ond<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g reg<span class=\"_ _3\"></span>ul<span class=\"_ _0\"></span>ator<span class=\"_ _0\"></span>y c<span class=\"_ _0\"></span>apita<span class=\"_ _0\"></span>l r<span class=\"_ _0\"></span>equ<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>ments<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls18 ws32 gs954\">In each co<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y in which th<span class=\"_ _0\"></span>e Group op<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>tes, the lo<span class=\"_ _0\"></span>cal ins<span class=\"_ _0\"></span>uran<span class=\"_ _0\"></span>ce reg<span class=\"_ _0\"></span>ulator sp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ies rul<span class=\"_ _0\"></span>es and gui<span class=\"_ _0\"></span>dan<span class=\"_ _0\"></span>ce for the minim<span class=\"_ _0\"></span>um amo<span class=\"_ _0\"></span>unt and t<span class=\"_ _0\"></span>yp<span class=\"_ _0\"></span>e of capit<span class=\"_ _0\"></span>al </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs955\">whic<span class=\"_ _0\"></span>h must b<span class=\"_ _0\"></span>e held by insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce sub<span class=\"_ _0\"></span>sidia<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>s in excess of the<span class=\"_ _0\"></span>ir insur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e liabi<span class=\"_ _0\"></span>liti<span class=\"_ _0\"></span>es. T<span class=\"_ _0\"></span>he mini<span class=\"_ _0\"></span>mum c<span class=\"_ _0\"></span>api<span class=\"_ _0\"></span>tal requ<span class=\"_ _0\"></span>ire<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts have bee<span class=\"_ _0\"></span>n maint<span class=\"_ _0\"></span>aine<span class=\"_ _0\"></span>d at </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs956\">all time<span class=\"_ _0\"></span>s throu<span class=\"_ _0\"></span>gho<span class=\"_ _0\"></span>ut th<span class=\"_ _0\"></span>e year<span class=\"_ _1\"></span>. This he<span class=\"_ _0\"></span>lps to ensur<span class=\"_ _0\"></span>e that paym<span class=\"_ _0\"></span>ents to poli<span class=\"_ _0\"></span>cyh<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>s can be ma<span class=\"_ _0\"></span>de as they fall du<span class=\"_ _0\"></span>e. </div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs957\">Th<span class=\"_ _0\"></span>e requ<span class=\"_ _0\"></span>ired c<span class=\"_ _0\"></span>api<span class=\"_ _0\"></span>tal is c<span class=\"_ _0\"></span>alc<span class=\"_ _0\"></span>ulated by e<span class=\"_ _0\"></span>ith<span class=\"_ _0\"></span>er as<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>sing t<span class=\"_ _0\"></span>he add<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>onal as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s whic<span class=\"_ _0\"></span>h would b<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>quire<span class=\"_ _0\"></span>d to me<span class=\"_ _0\"></span>et the i<span class=\"_ _0\"></span>nsur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>any<span class=\"_ _0\"></span>\u2019s </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs958\">liabi<span class=\"_ _0\"></span>litie<span class=\"_ _0\"></span>s<span class=\"_ gsec\"> </span>in<span class=\"_ gsec\"> </span>sp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ied<span class=\"_ _0\"></span>, stre<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>d fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial co<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns, o<span class=\"_ _0\"></span>r by apply<span class=\"_ _0\"></span>ing f<span class=\"_ _0\"></span>ixed pe<span class=\"_ _0\"></span>rce<span class=\"_ _0\"></span>nta<span class=\"_ _0\"></span>ges to the insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce co<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>ny<span class=\"_ _0\"></span>\u2019s liabilit<span class=\"_ _0\"></span>ies and r<span class=\"_ _0\"></span>isk exp<span class=\"_ _0\"></span>osure<span class=\"_ _0\"></span>s.<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs959\">Th<span class=\"_ _0\"></span>e<span class=\"_ gsec\"> </span>requ<span class=\"_ _0\"></span>irem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s in the dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nt juris<span class=\"_ _0\"></span>dict<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s in which th<span class=\"_ _0\"></span>e Group o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>rates are deta<span class=\"_ _0\"></span>ile<span class=\"_ _0\"></span>d below<span class=\"_ _0\"></span>:<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h58 ff9 fs5 fc2 sc0 ls87 ws4a gs95a\">Group regulatory basis<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs95b\">Th<span class=\"_ _0\"></span>e Group is req<span class=\"_ _0\"></span>uire<span class=\"_ _0\"></span>d to compl<span class=\"_ _0\"></span>y with th<span class=\"_ _0\"></span>e So<span class=\"_ _0\"></span>lven<span class=\"_ _0\"></span>cy II cap<span class=\"_ _0\"></span>ital re<span class=\"_ _0\"></span>quire<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts cal<span class=\"_ _0\"></span>cul<span class=\"_ _0\"></span>ated usin<span class=\"_ _0\"></span>g the Grou<span class=\"_ _0\"></span>p\u2019s Par<span class=\"_ _0\"></span>tial In<span class=\"_ _0\"></span>terna<span class=\"_ _0\"></span>l Mod<span class=\"_ _0\"></span>el. T<span class=\"_ _0\"></span>he vast ma<span class=\"_ _0\"></span>jor<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y of </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs95c\">the ris<span class=\"_ _0\"></span>k to which the Gro<span class=\"_ _0\"></span>up is expo<span class=\"_ _0\"></span>sed is ass<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>ed on the In<span class=\"_ _0\"></span>terna<span class=\"_ _0\"></span>l Mod<span class=\"_ _0\"></span>el basis ap<span class=\"_ _0\"></span>prove<span class=\"_ _0\"></span>d by the PR<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up ca<span class=\"_ _0\"></span>pit<span class=\"_ _0\"></span>al requi<span class=\"_ _0\"></span>rem<span class=\"_ _0\"></span>ents for a hand<span class=\"_ _0\"></span>ful<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs95d\">of smalle<span class=\"_ _0\"></span>r enti<span class=\"_ _0\"></span>ties are ass<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>ed usin<span class=\"_ _0\"></span>g the S<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>nda<span class=\"_ _0\"></span>rd For<span class=\"_ _0\"></span>mula bas<span class=\"_ _0\"></span>is on materi<span class=\"_ _0\"></span>alit<span class=\"_ _0\"></span>y gro<span class=\"_ _0\"></span>und<span class=\"_ _0\"></span>s. Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p\u2019s capit<span class=\"_ _0\"></span>al requi<span class=\"_ _0\"></span>rem<span class=\"_ _0\"></span>ents in res<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ct of its US<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs95e\">insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce bus<span class=\"_ _0\"></span>ines<span class=\"_ _0\"></span>ses an<span class=\"_ _0\"></span>d Legal &amp; Ge<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>ral Rein<span class=\"_ _0\"></span>sura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e Com<span class=\"_ _0\"></span>pany No<span class=\"_ _0\"></span>. 2 (L&amp;<span class=\"_ _0\"></span>G Re 2) are valued on a lo<span class=\"_ _0\"></span>cal sta<span class=\"_ _0\"></span>tutor<span class=\"_ _3\"></span>y basis, foll<span class=\"_ _0\"></span>owing PR<span class=\"_ _3\"></span>A approv<span class=\"_ _0\"></span>al </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs95f\">of the Grou<span class=\"_ _0\"></span>p\u2019s applic<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n to <span class=\"_ _1\"></span>use Ca<span class=\"_ _0\"></span>lcu<span class=\"_ _0\"></span>latio<span class=\"_ _0\"></span>n Meth<span class=\"_ _0\"></span>od 2 for inc<span class=\"_ _0\"></span>ludi<span class=\"_ _0\"></span>ng the<span class=\"_ _0\"></span>se busi<span class=\"_ _0\"></span>ness<span class=\"_ _0\"></span>es in the Gro<span class=\"_ _0\"></span>up sol<span class=\"_ _0\"></span>ven<span class=\"_ _0\"></span>cy cal<span class=\"_ _0\"></span>cul<span class=\"_ _0\"></span>ation<span class=\"_ _0\"></span>. </div><div class=\"t m2 h58 ff9 fs5 fc2 sc0 lse ws43 gs960\">UK regulator<span class=\"_ _0\"></span>y basis<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls18 ws32 gs961\">At the balan<span class=\"_ _0\"></span>ce she<span class=\"_ _0\"></span>et date, req<span class=\"_ _0\"></span>uire<span class=\"_ _0\"></span>d capi<span class=\"_ _0\"></span>tal for the life busine<span class=\"_ _0\"></span>ss was based on the U<span class=\"_ _0\"></span>K Imple<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>ntati<span class=\"_ _0\"></span>on of Sol<span class=\"_ _0\"></span>venc<span class=\"_ _0\"></span>y II, as set out in the PR<span class=\"_ _3\"></span>A Rulebo<span class=\"_ _0\"></span>ok<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls18 ws32 gs962\">All mater<span class=\"_ _0\"></span>ial UK insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce f<span class=\"_ _0\"></span>irm<span class=\"_ _0\"></span>s, inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>ing Le<span class=\"_ _0\"></span>gal and Ge<span class=\"_ _0\"></span>ner<span class=\"_ _0\"></span>al Ass<span class=\"_ _0\"></span>uran<span class=\"_ _0\"></span>ce S<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>iet<span class=\"_ _0\"></span>y Li<span class=\"_ _0\"></span>mited<span class=\"_ _0\"></span>, and Leg<span class=\"_ _0\"></span>al and Gen<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>l Assu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce (Pe<span class=\"_ _0\"></span>nsio<span class=\"_ _0\"></span>ns Mana<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t) </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls18 ws32 gs963\">Lim<span class=\"_ _0\"></span>ited (A<span class=\"_ _0\"></span>sset Ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>\u2019s insura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e subsidi<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y) are requi<span class=\"_ _0\"></span>red to hold eligi<span class=\"_ _0\"></span>ble own fun<span class=\"_ _0\"></span>ds in excess of their S<span class=\"_ _0\"></span>CR<span class=\"_ _0\"></span>, calc<span class=\"_ _0\"></span>ulate<span class=\"_ _0\"></span>d on a <span class=\"_ _1\"></span>Par<span class=\"_ _3\"></span>tial Inter<span class=\"_ _0\"></span>nal </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls18 ws32 gs964\">Mo<span class=\"_ _0\"></span>del basis<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>ese fi<span class=\"_ _0\"></span>rms<span class=\"_ _0\"></span>, as well as the non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>U<span class=\"_ _0\"></span>K insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce fi<span class=\"_ _0\"></span>rm (Le<span class=\"_ _0\"></span>gal &amp; Gene<span class=\"_ _0\"></span>ral Rei<span class=\"_ _0\"></span>nsur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e Co<span class=\"_ _0\"></span>mpany Li<span class=\"_ _0\"></span>mite<span class=\"_ _0\"></span>d based in Be<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>uda) contr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>te over </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls18 ws32 gs965\">90<span class=\"_ _0\"></span>% of the Group\u2019s SC<span class=\"_ _0\"></span>R.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h58 ff9 fs5 fc2 sc0 lse ws43 gs966\">US regulator<span class=\"_ _0\"></span>y basis<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs967\">Requ<span class=\"_ _0\"></span>ired c<span class=\"_ _0\"></span>api<span class=\"_ _0\"></span>tal is d<span class=\"_ _0\"></span>eter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ed to be th<span class=\"_ _0\"></span>e Co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>any Ac<span class=\"_ _0\"></span>tion L<span class=\"_ _0\"></span>evel Ris<span class=\"_ _0\"></span>k Bas<span class=\"_ _0\"></span>ed C<span class=\"_ _0\"></span>api<span class=\"_ _0\"></span>tal (R<span class=\"_ _0\"></span>BC) base<span class=\"_ _0\"></span>d on t<span class=\"_ _0\"></span>he Nat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>al As<span class=\"_ _0\"></span>soc<span class=\"_ _0\"></span>iatio<span class=\"_ _0\"></span>n of Insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs968\">Co<span class=\"_ _0\"></span>mmis<span class=\"_ _0\"></span>sio<span class=\"_ _0\"></span>ner<span class=\"_ _0\"></span>s RB<span class=\"_ _0\"></span>C mod<span class=\"_ _0\"></span>el. R<span class=\"_ _0\"></span>BC is a meth<span class=\"_ _0\"></span>od of measu<span class=\"_ _0\"></span>rin<span class=\"_ _0\"></span>g the mini<span class=\"_ _0\"></span>mum am<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nt of capit<span class=\"_ _0\"></span>al app<span class=\"_ _0\"></span>ropr<span class=\"_ _0\"></span>iate for an insur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e com<span class=\"_ _0\"></span>pany to supp<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>t its </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs969\">overall b<span class=\"_ _0\"></span>usin<span class=\"_ _0\"></span>ess op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ation<span class=\"_ _0\"></span>s, tak<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g into acco<span class=\"_ _0\"></span>unt it<span class=\"_ _0\"></span>s size and risk prof<span class=\"_ _0\"></span>ile<span class=\"_ _0\"></span>. The ca<span class=\"_ _0\"></span>lcu<span class=\"_ _0\"></span>latio<span class=\"_ _0\"></span>n is based o<span class=\"_ _0\"></span>n appl<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g factors to vari<span class=\"_ _0\"></span>ous ass<span class=\"_ _0\"></span>et, pr<span class=\"_ _0\"></span>emiu<span class=\"_ _0\"></span>m,<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs96a\">clai<span class=\"_ _0\"></span>ms, ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nse and res<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ve ite<span class=\"_ _0\"></span>ms, wi<span class=\"_ _0\"></span>th high<span class=\"_ _0\"></span>er fac<span class=\"_ _0\"></span>tors use<span class=\"_ _0\"></span>d for those i<span class=\"_ _0\"></span>tems with gr<span class=\"_ _0\"></span>eater und<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>lyi<span class=\"_ _0\"></span>ng risk an<span class=\"_ _0\"></span>d lower fac<span class=\"_ _0\"></span>tors for les<span class=\"_ _0\"></span>s risk<span class=\"_ _0\"></span>y ite<span class=\"_ _0\"></span>ms.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h58 ff9 fs5 fc2 sc0 lse ws43 gs96b\">Bermud<span class=\"_ _0\"></span>an regulator<span class=\"_ _0\"></span>y basis<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls18 ws32 gs96c\">Be<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>udan re<span class=\"_ _0\"></span>gulate<span class=\"_ _0\"></span>d insure<span class=\"_ _0\"></span>rs are requi<span class=\"_ _0\"></span>red to hold suf<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ici<span class=\"_ _0\"></span>ent ca<span class=\"_ _0\"></span>pit<span class=\"_ _0\"></span>al to <span class=\"_ _1\"></span>me<span class=\"_ _0\"></span>et the Be<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>uda<span class=\"_ _0\"></span>n Sol<span class=\"_ _0\"></span>ven<span class=\"_ _0\"></span>cy Capi<span class=\"_ _0\"></span>tal Req<span class=\"_ _0\"></span>uire<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t (BS<span class=\"_ _0\"></span>C<span class=\"_ _0\"></span>R). The BS<span class=\"_ _0\"></span>C<span class=\"_ _0\"></span>R mode<span class=\"_ _0\"></span>l </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs96d\">follows a S<span class=\"_ _0\"></span>tan<span class=\"_ _0\"></span>dard Fo<span class=\"_ _0\"></span>rmu<span class=\"_ _0\"></span>la fra<span class=\"_ _0\"></span>mewor<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>; cap<span class=\"_ _0\"></span>ital at<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>ted to each ris<span class=\"_ _0\"></span>k is calc<span class=\"_ _0\"></span>ulated by app<span class=\"_ _0\"></span>lyi<span class=\"_ _0\"></span>ng sp<span class=\"_ _0\"></span>eci<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ed str<span class=\"_ _0\"></span>esse<span class=\"_ _0\"></span>s to the assets and lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>. </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs96e\">Th<span class=\"_ _0\"></span>e<span class=\"_ gsec\"> </span>indi<span class=\"_ _0\"></span>vid<span class=\"_ _0\"></span>ual ris<span class=\"_ _0\"></span>k elem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts (<span class=\"_ _1\"></span>exclu<span class=\"_ _0\"></span>ding o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>nal ris<span class=\"_ _0\"></span>k) are com<span class=\"_ _0\"></span>bin<span class=\"_ _0\"></span>ed usin<span class=\"_ _0\"></span>g a covari<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e matri<span class=\"_ _0\"></span>x and the<span class=\"_ _0\"></span>n adde<span class=\"_ _0\"></span>d to an oper<span class=\"_ _0\"></span>ation<span class=\"_ _0\"></span>al risk ch<span class=\"_ _0\"></span>arge<span class=\"_ _0\"></span>.</div>",
   "dimensions": {
    "concept": "legalandgeneral:DisclosureOfManagementOfCapitalResources",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-608": {
   "value": "<div class=\"t m2 he ff1 fs8 fc2 sc0 lsa9 wsaf gs970\">28<span class=\"lsba ws1d6\">. Disposa<span class=\"_ _0\"></span>ls<span class=\"_ _3b2\"> </span></span></div><div class=\"t m2 h21 ff1 fs10 fc2 sc0 ls1a3 ws1d7 gs971\">Cal<span class=\"_ _0\"></span>a<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs972\">On 18 <span class=\"_ _1\"></span>Se<span class=\"_ _0\"></span>ptemb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>24 the Gro<span class=\"_ _0\"></span>up ann<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>d the disp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>al of 1<span class=\"_ _1\"></span>00<span class=\"_ _0\"></span>% of the share ca<span class=\"_ _0\"></span>pit<span class=\"_ _0\"></span>al of Cala to Ferguso<span class=\"_ _0\"></span>n Bid<span class=\"_ _0\"></span>co Li<span class=\"_ _0\"></span>mited<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e trans<span class=\"_ _0\"></span>acti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs973\">co<span class=\"_ _0\"></span>mpl<span class=\"_ _0\"></span>eted on 31 Oc<span class=\"_ _0\"></span>tobe<span class=\"_ _0\"></span>r 2024<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs974\">Base<span class=\"_ _0\"></span>d on an est<span class=\"_ _0\"></span>imated en<span class=\"_ _0\"></span>terp<span class=\"_ _0\"></span>rise val<span class=\"_ _0\"></span>ue of \u00a31<span class=\"_ _1\"></span>,<span class=\"_ _0\"></span>35<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>m, total co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ation of \u00a31,06<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>m was agree<span class=\"_ _0\"></span>d for the tra<span class=\"_ _0\"></span>nsac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n. Pro<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ds of \u00a348<span class=\"_ _0\"></span>7m were </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs975\">rec<span class=\"_ _0\"></span>eive<span class=\"_ _0\"></span>d in cash up<span class=\"_ _0\"></span>on cl<span class=\"_ _0\"></span>osin<span class=\"_ _0\"></span>g. T<span class=\"_ _0\"></span>he set<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent of the rem<span class=\"_ _0\"></span>aini<span class=\"_ _0\"></span>ng \u00a35<span class=\"_ _0\"></span>76m was deferre<span class=\"_ _0\"></span>d to pre<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>agre<span class=\"_ _0\"></span>ed tr<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>hes b<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n 2025 an<span class=\"_ _0\"></span>d 202<span class=\"_ _0\"></span>9. As at the </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs976\">co<span class=\"_ _0\"></span>mpl<span class=\"_ _0\"></span>etio<span class=\"_ _0\"></span>n date the fair value of the defer<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d cons<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>ratio<span class=\"_ _0\"></span>n rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ised o<span class=\"_ _0\"></span>n the Co<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>lidated B<span class=\"_ _0\"></span>alan<span class=\"_ _0\"></span>ce S<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>et was \u00a350<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>m, af<span class=\"_ _0\"></span>ter tak<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g into </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs977\">con<span class=\"_ _0\"></span>side<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>on the ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t of disco<span class=\"_ _0\"></span>untin<span class=\"_ _0\"></span>g the agre<span class=\"_ _0\"></span>ed fu<span class=\"_ _0\"></span>tur<span class=\"_ _0\"></span>e cash f<span class=\"_ _0\"></span>lows to present val<span class=\"_ _0\"></span>ue.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs978\">Base<span class=\"_ _0\"></span>d on a car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing valu<span class=\"_ _0\"></span>e upo<span class=\"_ _0\"></span>n disp<span class=\"_ _0\"></span>osal of \u00a31,072m<span class=\"_ _0\"></span>, the tra<span class=\"_ _0\"></span>nsa<span class=\"_ _0\"></span>ctio<span class=\"_ _0\"></span>n gen<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ated a pre<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>tax lo<span class=\"_ _0\"></span>ss of \u00a39<span class=\"_ _0\"></span>9m o<span class=\"_ _0\"></span>n com<span class=\"_ _0\"></span>ple<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>, inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>ing tra<span class=\"_ _0\"></span>nsac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n cos<span class=\"_ _0\"></span>ts </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs979\">and the ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t of disco<span class=\"_ _0\"></span>untin<span class=\"_ _0\"></span>g the defer<span class=\"_ _0\"></span>red c<span class=\"_ _0\"></span>onsi<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>ratio<span class=\"_ _0\"></span>n desc<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>d above. T<span class=\"_ _0\"></span>he ef<span class=\"_ _0\"></span>fect of the dis<span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>ntin<span class=\"_ _0\"></span>g will unwind ba<span class=\"_ _0\"></span>ck into the Co<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>lidate<span class=\"_ _0\"></span>d </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs97a\">Inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e S<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nt over tim<span class=\"_ _0\"></span>e.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs97b\">Th<span class=\"_ _0\"></span>e followin<span class=\"_ _0\"></span>g table su<span class=\"_ _0\"></span>mma<span class=\"_ _0\"></span>rise<span class=\"_ _0\"></span>s the net ass<span class=\"_ _0\"></span>ets disp<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>d of and the cal<span class=\"_ _0\"></span>cul<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of the pre<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>tax lo<span class=\"_ _0\"></span>ss on disp<span class=\"_ _0\"></span>osa<span class=\"_ _0\"></span>l arisin<span class=\"_ _0\"></span>g from th<span class=\"_ _0\"></span>e trans<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h21 ff1 fs10 fc2 sc0 ls77 ws0 gs97c\">(i<span class=\"_ _1\"></span>) <span class=\"_ _8\"> </span>Ca<span class=\"_ _0\"></span>rr<span class=\"_ _3\"></span>y<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g va<span class=\"_ _0\"></span>lue of net ass<span class=\"_ _0\"></span>ets d<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>pose<span class=\"_ _0\"></span>d of<span class=\"_ _3b2\"> </span></div><div class=\"gs97d\"><table class=\"s w1ea h1a9\" id=\"_fb7a3c52-3866-444b-adab-06aa14c0926c\"><tr><td></td><td class=\"t m2 x1c7 h13 y461e ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x1c9 h13 y461f ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y4620 w7a h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls114 ws120\">Good<span class=\"_ _0\"></span>will<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1451 y4620 w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">36<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4621 w7c h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 lsea ws27\">Intangible assets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1452 y4621 w70 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">25<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4622 w7d h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t in as<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>tes an<span class=\"_ _0\"></span>d joi<span class=\"_ _0\"></span>nt ven<span class=\"_ _0\"></span>tur<span class=\"_ _0\"></span>es ac<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ted fo<span class=\"_ _0\"></span>r usi<span class=\"_ _0\"></span>ng th<span class=\"_ _0\"></span>e eq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x47c y4622 wa8 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4623 w7e h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">Pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, plant an<span class=\"_ _0\"></span>d equi<span class=\"_ _0\"></span>pm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x67c y4623 w7b h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">20<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4624 w3f2 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws118\">Invent<span class=\"_ _1\"></span>ories<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1453 y4624 w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">1,737<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4625 w3f3 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws23\">Defined bene<span class=\"_ _1\"></span>fit pension<span class=\"_ _1\"></span> scheme s<span class=\"_ _1\"></span>urplus<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1454 y4625 wa8 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4626 wd1 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls114 ws10d\">Oth<span class=\"_ _0\"></span>er assets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1455 y4626 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">140<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4627 w87 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Cas<span class=\"_ _0\"></span>h an<span class=\"_ _0\"></span>d cas<span class=\"_ _0\"></span>h eq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>vale<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1456 y4627 w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">32<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4628 w88 h11b\"><div class=\"t m2 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls1 ws23\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> assets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1457 y4628 w36 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">1,994<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4629 w97 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls130 ws12a\">Ope<span class=\"_ _0\"></span>ratio<span class=\"_ _0\"></span>nal bor<span class=\"_ _0\"></span>rowings<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1458 y4629 w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">320<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y462a w99 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls114 ws10d\">Deferred ta<span class=\"_ _0\"></span>x liabilities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1451 y462a w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">12<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y462b w3f4 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls114 ws10d\">Lease liabilitie<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1451 y462b w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">10<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y462c w9b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">Payables and o<span class=\"_ _1\"></span>ther financial liabilities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1459 y462c w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">580<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4158 w9e h11b\"><div class=\"t m2 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls1 ws23\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> liabilities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x67d y4158 w4a h11b\"><div class=\"t m2 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls56 ws55\">922<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w3f5 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l ca<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ng val<span class=\"_ _0\"></span>ue of ne<span class=\"_ _0\"></span>t as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts di<span class=\"_ _0\"></span>sp<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d of<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x145a y40ae w36 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">1,072<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"t m2 h21 ff1 fs10 fc2 sc0 ls77 ws0 gs97e\">(ii) <span class=\"_ _d\"> </span>Lo<span class=\"_ _0\"></span>ss on d<span class=\"_ _0\"></span>ispo<span class=\"_ _0\"></span>sa<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></div><div class=\"gs97f\"><table class=\"s w3f6 h1aa\" id=\"_29402d6f-709d-43cd-8d48-bf1a78b95784\"><tr><td></td><td class=\"t m2 x1c7 h13 y462d ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x1c9 h13 y462e ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c x1cb y462f w3f7 h11f\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l ca<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ng val<span class=\"_ _0\"></span>ue of ne<span class=\"_ _0\"></span>t as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts di<span class=\"_ _0\"></span>sp<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d of</div><div class=\"t m2 x145b h91 y40aa ff5 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"t m2 x281 hb y4630 ff6 fs6 fc1 sc0 ls56 ws55\">1,072<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y4631 w3f8 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Co<span class=\"_ _0\"></span>nsi<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>ion r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ei<span class=\"_ _0\"></span>ved u<span class=\"_ _0\"></span>pfro<span class=\"_ _0\"></span>nt<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x84f y4631 w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">487<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y4632 w3f9 h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Fair v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e of defe<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d p<span class=\"_ _0\"></span>roc<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>s</div><div class=\"t m2 x145c h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"t m2 x145d hb y4633 ff5 fs6 fc1 sc0 ls56 ws55\">508<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y4634 w3fa h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l fai<span class=\"_ _0\"></span>r val<span class=\"_ _0\"></span>ue of pr<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>s on dis<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>al<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x145e y4634 w4a h11b\"><div class=\"t m2 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls56 ws55\">995<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4635 w3fb h11b\"><div class=\"t m2 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls1 ws23\">Loss on di<span class=\"_ _1\"></span>sposal before transaction costs<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x145f y4635 waf h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">(77)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4636 w3fc h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">T<span class=\"_ _1\"></span>ransaction<span class=\"_ _1\"></span> costs<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1460 y4636 w41 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(22)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w3fd h11b\"><div class=\"t m2 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls1 ws23\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> loss on<span class=\"_ _1\"></span> disposal after transaction costs<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1461 y40ae w41 h11b\"><div class=\"t m2 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls56 ws55\">(99)<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs980\">1. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>Th<span class=\"_ _0\"></span>e to<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>l ca<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g va<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>e of n<span class=\"_ _0\"></span>et a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ts d<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d of i<span class=\"_ _0\"></span>s ne<span class=\"_ _0\"></span>t of o<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r tr<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>sa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s of \u00a3<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3m b<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>e by C<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs981\">2. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>Ag<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d de<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d pr<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>re \u00a3<span class=\"_ _0\"></span>576<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ir f<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>r val<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>e as a<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e da<span class=\"_ _0\"></span>te of c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n in<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>s a re<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n of \u00a36<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>m to t<span class=\"_ _0\"></span>ake i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>to ac<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e ef<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t of d<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs982\">Th<span class=\"_ _0\"></span>e loss on dis<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>al has be<span class=\"_ _0\"></span>en re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d in the resu<span class=\"_ _0\"></span>lts of the Gro<span class=\"_ _0\"></span>up\u2019s Cor<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>rate Investm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s segm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>, and<span class=\"_ _0\"></span>, in line wi<span class=\"_ _0\"></span>th the Gro<span class=\"_ _0\"></span>up met<span class=\"_ _0\"></span>hod<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>ogy<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs983\">for the deter<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>natio<span class=\"_ _0\"></span>n of oper<span class=\"_ _0\"></span>ating pr<span class=\"_ _0\"></span>ofi<span class=\"_ _0\"></span>t, ou<span class=\"_ _0\"></span>tsid<span class=\"_ _0\"></span>e both adju<span class=\"_ _0\"></span>sted op<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>ting prof<span class=\"_ _0\"></span>it an<span class=\"_ _0\"></span>d core o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ratin<span class=\"_ _0\"></span>g profi<span class=\"_ _0\"></span>t.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-609": {
   "value": "<div class=\"t m2 he ff1 fs8 fc2 sc0 ls2f ws37 gs985\">29<span class=\"_ _4\"></span><span class=\"ls26 ws93\">. <span class=\"_ _13\"> </span>I<span class=\"_ _0\"></span>nv<span class=\"_ _1\"></span>est<span class=\"_ _0\"></span>ment retu<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>n<span class=\"_ _3b2\"> </span></span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs986\">Th<span class=\"_ _0\"></span>e Group ea<span class=\"_ _0\"></span>rns an inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent retu<span class=\"_ _0\"></span>rn fro<span class=\"_ _0\"></span>m hold<span class=\"_ _0\"></span>ings in f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al instr<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s and prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ty inve<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span>, hel<span class=\"_ _0\"></span>d to eithe<span class=\"_ _0\"></span>r back in<span class=\"_ _0\"></span>sura<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e and </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs987\">invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>ts on be<span class=\"_ _0\"></span>half of poli<span class=\"_ _0\"></span>cy<span class=\"_ _0\"></span>hol<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>s or to delive<span class=\"_ _0\"></span>r retur<span class=\"_ _0\"></span>ns on Gro<span class=\"_ _0\"></span>up cap<span class=\"_ _0\"></span>ital<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"gs988\"><table class=\"s w10b h1ab\" id=\"_b81370f5-bb96-4ca6-9555-5b86e21a325e\"><tr><td></td><td class=\"t m2 x497 h13 y4637 ff5 fs9 fc1 sc0 ls1 ws0\">Annuit<span class=\"_ _0\"></span>ies<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x493 h13 y4637 ff5 fs9 fc1 sc0 ls189 ws1ab\">Protec<span class=\"_ _0\"></span>tion<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x9f7 h13 y4637 ff5 fs9 fc1 sc0 ls3c ws4c\">Other ass<span class=\"_ _1\"></span>ets<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 h13 y4637 ff5 fs9 fc1 sc0 ls38 ws3a\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 h13 y4638 ff5 fs9 fc1 sc0 ls18 ws0\">Fo<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>24<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xac3 h13 y4638 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x433 h13 y4638 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 h13 y4638 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 h13 y4638 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y4639 w3fe h116\"><div class=\"t m2 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls180 ws1b\">Dividend income<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcc6 y4639 w7b h116\"><div class=\"t m2 x1ca h1a y40b1 ff5 fs6 fc1 sc0 ls56 ws55\">25<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1462 y4639 wa5 h116\"><div class=\"t m2 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x603 y4639 w36 h116\"><div class=\"t m2 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls56 ws55\">5,081<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x997 y4639 w36 h116\"><div class=\"t m2 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls56 ws55\">5,106<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y463a w3ff h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Inte<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>t inc<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>me o<span class=\"_ _0\"></span>n fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>al inve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts at f<span class=\"_ _0\"></span>air va<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>e thro<span class=\"_ _0\"></span>ug<span class=\"_ _0\"></span>h prof<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t or l<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1463 y463a w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">2,862<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1464 y463a w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">54<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1465 y463a w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">4,475<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1466 y463a w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">7,391<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y463b w400 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Inte<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>t inc<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>me o<span class=\"_ _0\"></span>n fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>al inve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts at f<span class=\"_ _0\"></span>air va<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>e thro<span class=\"_ _0\"></span>ug<span class=\"_ _0\"></span>h oth<span class=\"_ _0\"></span>er c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pre<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ive i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1467 y463b w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">66<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1468 y463b w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">15<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1469 y463b wa6 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x146a y463b w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">81<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y463c w401 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Inte<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>t inc<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>me o<span class=\"_ _0\"></span>n fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>al inve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts at a<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d co<span class=\"_ _0\"></span>st<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1054 y463c w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">284<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x844 y463c w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">101<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x146b y463c wa8 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x4cb y463c w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">386<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y463d w137 h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws23\">Other in<span class=\"_ _1\"></span>vestmen<span class=\"_ _1\"></span>t (<span class=\"_ _1\"></span>expens<span class=\"_ _1\"></span>e)<span class=\"_ _1\"></span>/income</div><div class=\"t m2 x434 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x447 y463e w3a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">(481)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x146c y463e w70 h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">11<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x146d y463e w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">199<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x146e y463e w3a h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">(271)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y463f w402 h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">(Lo<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s)/gains o<span class=\"_ _0\"></span>n fi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al inv<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts at f<span class=\"_ _0\"></span>air va<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>e thr<span class=\"_ _0\"></span>oug<span class=\"_ _0\"></span>h pro<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>t or l<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>s</div><div class=\"t m2 x146f h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1470 y4640 w33 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">(3,045)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1471 y4640 waf h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">(30)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1472 y4640 w2f h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">12,954<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1473 y4640 w36 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">9,879<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y4641 w3ed h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Los<span class=\"_ _0\"></span>ses o<span class=\"_ _0\"></span>n de<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>vat<span class=\"_ _0\"></span>ive in<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts at f<span class=\"_ _0\"></span>air va<span class=\"_ _0\"></span>lue t<span class=\"_ _0\"></span>hro<span class=\"_ _0\"></span>ug<span class=\"_ _0\"></span>h prof<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t or l<span class=\"_ _0\"></span>oss</div><div class=\"t m2 x1442 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1470 y4642 w33 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">(1,178)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1474 y4642 wa5 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1475 y4642 w3a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">(198)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1476 y4642 w33 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">(1,376)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y4643 w403 h182\"><div class=\"t m2 x1ca h1a y4239 ff3 fs6 fc1 sc0 ls56 ws0\">Real<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d lo<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s on f<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>l ass<span class=\"_ _0\"></span>ets m<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>sure<span class=\"_ _0\"></span>d at fa<span class=\"_ _0\"></span>ir val<span class=\"_ _0\"></span>ue t<span class=\"_ _0\"></span>hro<span class=\"_ _0\"></span>ug<span class=\"_ _0\"></span>h oth<span class=\"_ _0\"></span>er<span class=\"_ _3b2\"> </span></div><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls12e ws142\">comprehen<span class=\"_ _1\"></span>sive<span class=\"_ _1\"></span><span class=\"_ gs5e1\"> </span>incom<span class=\"_ _1\"></span>e<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x12ba y4643 wa5 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1477 y4643 w67 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(7)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1478 y4643 wa5 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1479 y4643 w67 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(7)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4644 w404 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">Financial in<span class=\"_ _1\"></span>vestment <span class=\"_ _1\"></span>return<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x147a y4644 w33 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">(1,467)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x147b y4644 w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">144<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x147c y4644 w2f h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">22,512<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x147d y4644 w2f h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">21,189<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4645 w405 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls12e wsca\">Renta<span class=\"_ _1\"></span>l income<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9a0 y4645 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">251<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x147e y4645 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x147f y4645 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">262<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1480 y4645 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">513<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4646 w406 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Ne<span class=\"_ _0\"></span>t fair va<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>e (l<span class=\"_ _0\"></span>oss<span class=\"_ _0\"></span>es)/gains o<span class=\"_ _0\"></span>n pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ties<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1481 y4646 w41 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(49)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1482 y4646 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1483 y4646 w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">91<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcc9 y4646 w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">42<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4647 w407 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">Pro<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ty inv<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt re<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>n<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1484 y4647 w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">202<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1485 y4647 wa5 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1486 y4647 w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">353<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xadf y4647 w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">555<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4618 w408 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l inve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t re<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>rn re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d in pr<span class=\"_ _0\"></span>of<span class=\"_ _0\"></span>it or lo<span class=\"_ _0\"></span>ss<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1487 y4618 w33 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">(1,265)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1488 y4618 w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">144<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1489 y4618 w2f h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">22,865<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x148a y4618 w2f h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">21,744<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y4648 w409 h182\"><div class=\"t m2 x1ca h1a y4239 ff3 fs6 fc1 sc0 ls56 ws0\">Ne<span class=\"_ _0\"></span>t move<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt i<span class=\"_ _0\"></span>n fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>al inve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts d<span class=\"_ _0\"></span>esi<span class=\"_ _0\"></span>gna<span class=\"_ _0\"></span>ted at fa<span class=\"_ _0\"></span>ir val<span class=\"_ _0\"></span>ue t<span class=\"_ _0\"></span>hro<span class=\"_ _0\"></span>ug<span class=\"_ _0\"></span>h othe<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls12e ws142\">comprehen<span class=\"_ _1\"></span>sive<span class=\"_ _1\"></span><span class=\"_ gs5e1\"> </span>incom<span class=\"_ _1\"></span>e<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1270 y4648 w3a h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(246)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x148b y4648 w41 h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(12)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x148c y4648 wa5 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x148d y4648 w3a h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">(258)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40bd w40a h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l inve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t re<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>rn<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x148e y40bd w33 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">(1,511)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x148f y40bd w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">132<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1490 y40bd w2f h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">22,865<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1491 y40bd w2f h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">21,486<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y4315 w40b h132\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls11c ws25\">Finance income<span class=\"_ _1\"></span> and expens<span class=\"_ _1\"></span>e recognised<span class=\"_ _1\"></span> in profit<span class=\"_ _1\"></span> or loss</div><div class=\"t m2 x1492 h91 y418a ff5 fs1c fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y433f w40c h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Finance incom<span class=\"_ _0\"></span>e/(<span class=\"_ _1\"></span>expense) fr<span class=\"_ _1\"></span>om insurance contracts issued<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xedb y433f w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">1,196<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1493 y433f w3a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(140)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1494 y433f wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1495 y433f w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">1,056<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41e7 w40d h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Finance (expense<span class=\"_ _1\"></span>)/incom<span class=\"_ _0\"></span>e from reinsurance contracts issued<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1496 y41e7 w3a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(114)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1497 y41e7 w70 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">84<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x57a y41e7 wa6 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1498 y41e7 w41 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(30)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c1 w40e h11b\"><div class=\"t m2 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls11c ws25\">T<span class=\"_ _4\"></span>ot<span class=\"_ _0\"></span>al finance<span class=\"_ _1\"></span> income and<span class=\"_ _1\"></span> expense<span class=\"_ _1\"></span> recognised in<span class=\"_ _1\"></span> profit or<span class=\"_ _1\"></span> loss<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1499 y40c1 w36 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">1,082<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x148b y40c1 w41 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">(56)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x148c y40c1 wa5 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x149a y40c1 w36 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">1,026<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y419a w40f h11f\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">Fi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me an<span class=\"_ _0\"></span>d exp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>e rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>ed in OC<span class=\"_ _0\"></span>I</div><div class=\"t m2 x149b h91 y40aa ff5 fs1c fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y419e w410 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Finance incom<span class=\"_ _0\"></span>e from insurance contracts issued<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13a1 y419e wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x149c y419e w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">428<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x149d y419e wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x149e y419e w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">428<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41a9 w411 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Finance expense from reinsurance contracts issued<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1220 y41a9 wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x149f y41a9 w3a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(204)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14a0 y41a9 wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14a1 y41a9 w3a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(204)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w412 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l fi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d in OC<span class=\"_ _0\"></span>I<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13a5 y40ae wa6 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14a2 y40ae w4a h11b\"><div class=\"t m2 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls56 ws55\">224<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14a3 y40ae wa5 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14a4 y40ae w4a h11b\"><div class=\"t m2 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls56 ws55\">224<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs989\">1. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er i<span class=\"_ _0\"></span>nve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt (ex<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>se)/<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>me p<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>y c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>se<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, g<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d lo<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>es f<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>m d<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>e an<span class=\"_ _0\"></span>d ot<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>er fi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>al i<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs98a\">2. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>Ma<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>y m<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d a<span class=\"_ _0\"></span>t fai<span class=\"_ _0\"></span>r va<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>e th<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>h pr<span class=\"_ _0\"></span>ofi<span class=\"_ _0\"></span>t o<span class=\"_ _0\"></span>r lo<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs98b\">3. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>Th<span class=\"_ _0\"></span>e an<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>ys<span class=\"_ _0\"></span>is o<span class=\"_ _0\"></span>f in<span class=\"_ _0\"></span>ves<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t re<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>n an<span class=\"_ _0\"></span>d fi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e in<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>/exp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>e has b<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n sp<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>t b<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n i<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t p<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>. Fo<span class=\"_ _0\"></span>r an<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y in<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e lia<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, ch<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>es i<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e di<span class=\"_ _0\"></span>sc<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>t ra<span class=\"_ _0\"></span>te </div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs98c\">ar<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>fle<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d i<span class=\"_ _0\"></span>n pr<span class=\"_ _0\"></span>ofi<span class=\"_ _0\"></span>t o<span class=\"_ _0\"></span>r lo<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he b<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g p<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>tfo<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>io of a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ts is s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d to m<span class=\"_ _0\"></span>atc<span class=\"_ _0\"></span>h t<span class=\"_ _0\"></span>he l<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>bi<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>nd i<span class=\"_ _0\"></span>s p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>do<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>y ac<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d fo<span class=\"_ _0\"></span>r as F<span class=\"_ _0\"></span>V<span class=\"_ _3\"></span>TP<span class=\"_ _0\"></span>L<span class=\"_ _0\"></span>. A p<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>tf<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>io of a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ts b<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g an<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y </div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs98d\">bu<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>ss a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e ac<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>or a<span class=\"_ _0\"></span>t ei<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r a<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>ed c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>st o<span class=\"_ _0\"></span>r F<span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>OC<span class=\"_ _0\"></span>I as t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>y a<span class=\"_ _0\"></span>re i<span class=\"_ _0\"></span>n su<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>us to t<span class=\"_ _0\"></span>he I<span class=\"_ _0\"></span>F<span class=\"_ _0\"></span>RS 17 be<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ate l<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>bi<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y a<span class=\"_ _0\"></span>nd r<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>k ad<span class=\"_ _0\"></span>j<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>. P<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on i<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e li<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es h<span class=\"_ _0\"></span>ave </div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs98e\">ap<span class=\"_ _0\"></span>pl<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>he I<span class=\"_ _0\"></span>F<span class=\"_ _0\"></span>RS 17 OC<span class=\"_ _0\"></span>I o<span class=\"_ _0\"></span>pt<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n. C<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>s in d<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t ra<span class=\"_ _0\"></span>te a<span class=\"_ _0\"></span>re t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>re r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d i<span class=\"_ _0\"></span>n OC<span class=\"_ _0\"></span>I<span class=\"_ _0\"></span>, w<span class=\"_ _0\"></span>hi<span class=\"_ _0\"></span>ls<span class=\"_ _0\"></span>t ba<span class=\"_ _0\"></span>ck<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ng a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>re c<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ifi<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d as e<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er F<span class=\"_ _3\"></span>VO<span class=\"_ _0\"></span>CI o<span class=\"_ _0\"></span>r am<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"gs6c8\"><table class=\"s w1e3 h1ac\" id=\"_156b3a40-6e82-46e3-a986-5b1d2ad6790b\"><tr><td></td><td class=\"t m0 x57d hf y4649 ff3 fs9 fc1 sc0 ls168 ws183\">Annuities<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x324 hf y4649 ff3 fs9 fc1 sc0 ls38 ws3a\">Prot<span class=\"_ _1\"></span>ection<span class=\"_ _3b2\"> </span></td><td class=\"t m0 xb54 hf y4649 ff3 fs9 fc1 sc0 ls111 ws27\">Othe<span class=\"_ _0\"></span>r assets<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c7 hf y4649 ff3 fs9 fc1 sc0 ls99 ws1a8\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 hf y464a ff3 fs9 fc1 sc0 ls18 ws0\">Fo<span class=\"_ _0\"></span>r the y<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>r en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>23<span class=\"_ _3b2\"> </span></td><td class=\"t m0 xac3 hf y464a ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x433 hf y464a ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c8 hf y464a ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 hf y464a ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y464b w3fe h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls180 ws1b\">Dividend income<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14a5 y464b w39 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls56 ws55\">11<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6d1 y464b wbd h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14a6 y464b w37 h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">4,149<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1241 y464b w30 h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">4,160<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y464c w3ff h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Inte<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>t inc<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>me o<span class=\"_ _0\"></span>n fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>al inve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts at f<span class=\"_ _0\"></span>air va<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>e thro<span class=\"_ _0\"></span>ug<span class=\"_ _0\"></span>h prof<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t or l<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14a7 y464c w37 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,411<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13f8 y464c w39 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">49<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14a8 y464c w30 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">4,134<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14a9 y464c w37 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">6,594<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y464d w400 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Inte<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>t inc<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>me o<span class=\"_ _0\"></span>n fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>al inve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts at f<span class=\"_ _0\"></span>air va<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>e thro<span class=\"_ _0\"></span>ug<span class=\"_ _0\"></span>h oth<span class=\"_ _0\"></span>er c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pre<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ive i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14aa y464d w39 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">22<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14ab y464d w39 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">16<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14ac y464d wbf h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14ad y464d w39 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">38<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y464e w401 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Inte<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>t inc<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>me o<span class=\"_ _0\"></span>n fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>al inve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts at a<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d co<span class=\"_ _0\"></span>st<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14ae y464e w42 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">196<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14af y464e w39 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">80<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14b0 y464e wbf h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x247 y464e w42 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">276<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y463e w137 h11a\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws23\">Other in<span class=\"_ _1\"></span>vestmen<span class=\"_ _1\"></span>t (<span class=\"_ _1\"></span>expens<span class=\"_ _1\"></span>e)<span class=\"_ _1\"></span>/income</div><div class=\"t m0 x434 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14b1 y463e w3b h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(408)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14b2 y463e w75 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">6<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14b3 y463e w42 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">270<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14b4 y463e w3b h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(132)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y464f w413 h11a\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Gai<span class=\"_ _0\"></span>ns on f<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>al inve<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nts at fa<span class=\"_ _0\"></span>ir val<span class=\"_ _0\"></span>ue t<span class=\"_ _0\"></span>hro<span class=\"_ _0\"></span>ug<span class=\"_ _0\"></span>h prof<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t or l<span class=\"_ _0\"></span>oss</div><div class=\"t m0 x14b5 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7b6 y4650 w37 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,194<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14b6 y4650 w39 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">16<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14b7 y4650 w3e h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">18,933<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14b8 y4650 wd3 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">20,143<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y4642 w414 h11a\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Gai<span class=\"_ _0\"></span>ns on d<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ativ<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 at fai<span class=\"_ _0\"></span>r valu<span class=\"_ _0\"></span>e th<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>gh p<span class=\"_ _0\"></span>rof<span class=\"_ _0\"></span>it o<span class=\"_ _0\"></span>r lo<span class=\"_ _0\"></span>ss</div><div class=\"t m0 x55a h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7b6 y4651 w37 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,100<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7b7 y4651 wbd h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14b9 y4651 w42 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">239<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14ba y4651 w37 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,339<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y4653 w415 h1ad\"><div class=\"t m0 x1ca h1a y4652 ff3 fs6 fc1 sc0 ls56 ws0\">Real<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d (l<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ses)/gain<span class=\"_ _0\"></span>s on f<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>l ass<span class=\"_ _0\"></span>ets m<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>ure<span class=\"_ _0\"></span>d at fa<span class=\"_ _0\"></span>ir val<span class=\"_ _0\"></span>ue t<span class=\"_ _0\"></span>hro<span class=\"_ _0\"></span>ugh o<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls12e wsca\">comprehen<span class=\"_ _1\"></span>sive<span class=\"_ _1\"></span> income<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14bb y4653 wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14bc y4653 w6a h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(2)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14bd y4653 w39 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">12<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14be y4653 w39 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">10<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4654 w416 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">Financial investment return<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14bf y4654 w37 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5,526<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14c0 y4654 w42 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">165<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14c1 y4654 w3e h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">27,737<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14c2 y4654 w3e h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">33,428<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4655 w405 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls12e wsca\">Renta<span class=\"_ _1\"></span>l income<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x9d5 y4655 w42 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">237<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1482 y4655 wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14c3 y4655 w42 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">233<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14c4 y4655 w42 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">470<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4656 w417 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Ne<span class=\"_ _0\"></span>t fair va<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>e los<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s on p<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ties<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14c5 y4656 w3b h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(579)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa89 y4656 wbd h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14c6 y4656 w4d h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(346)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1d6 y4656 w3b h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(925)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4647 w418 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws23\">Property inves<span class=\"_ _1\"></span>tment r<span class=\"_ _1\"></span>eturn<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14c7 y4647 w4d h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(342)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14c8 y4647 wbf h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6f8 y4647 w3b h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(113)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6f9 y4647 w4d h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(455)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4657 w419 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">T<span class=\"_ _1\"></span>otal inve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt ret<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>n re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d in pr<span class=\"_ _0\"></span>ofi<span class=\"_ _0\"></span>t or l<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14c9 y4657 w30 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5,184<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1fa y4657 w42 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">165<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14ca y4657 w3e h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">27,624<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14cb y4657 w3e h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">32,973<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y4658 w409 h182\"><div class=\"t m0 x1ca h1a y4239 ff3 fs6 fc1 sc0 ls56 ws0\">Ne<span class=\"_ _0\"></span>t move<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt i<span class=\"_ _0\"></span>n fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>al inve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts d<span class=\"_ _0\"></span>esi<span class=\"_ _0\"></span>gna<span class=\"_ _0\"></span>ted at fa<span class=\"_ _0\"></span>ir val<span class=\"_ _0\"></span>ue t<span class=\"_ _0\"></span>hro<span class=\"_ _0\"></span>ug<span class=\"_ _0\"></span>h othe<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls12e ws142\">comprehen<span class=\"_ _1\"></span>sive<span class=\"_ _1\"></span><span class=\"_ gs5e1\"> </span>incom<span class=\"_ _1\"></span>e<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14cc y4658 w39 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">62<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x23f y4658 w39 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">13<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14cd y4658 wbd h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x946 y4658 w39 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">75<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4659 w41a h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">T<span class=\"_ _1\"></span>otal inve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt ret<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>n<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14ce y4659 w37 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5,246<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14cf y4659 w42 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">178<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14d0 y4659 wd3 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">27,624<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14d1 y4659 w3e h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">33,048<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y4315 w41b h11a\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>ce i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e an<span class=\"_ _0\"></span>d exp<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>se re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d in p<span class=\"_ _0\"></span>rof<span class=\"_ _0\"></span>it o<span class=\"_ _0\"></span>r lo<span class=\"_ _0\"></span>ss</div><div class=\"t m0 x14d2 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4359 w41c h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">Finance (expense<span class=\"_ _1\"></span>)/incom<span class=\"_ _0\"></span>e from insurance contracts issued<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14d3 y4359 w34 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(5,841)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14ab y4359 w39 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">11<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14ac y4359 wbf h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14d4 y4359 w34 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(5,830)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41dd w41d h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Finance incom<span class=\"_ _0\"></span>e/(<span class=\"_ _1\"></span>expense) fr<span class=\"_ _1\"></span>om reinsurance contracts issued<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14d5 y41dd w4b h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">625<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14d6 y41dd w71 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(41)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14d7 y41dd wbf h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x33e y41dd w42 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">584<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4199 w41e h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">T<span class=\"_ _1\"></span>otal f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me a<span class=\"_ _0\"></span>nd ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>e rec<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed i<span class=\"_ _0\"></span>n prof<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t or l<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14d8 y4199 w34 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(5,216)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14d9 y4199 w71 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(30)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14da y4199 wbd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14db y4199 w34 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(5,246)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y419a w41f h11a\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>ce i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e an<span class=\"_ _0\"></span>d exp<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>se re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d in O<span class=\"_ _0\"></span>CI</div><div class=\"t m0 x145b h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4121 w420 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Finance expense from insurance contracts issued<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x12a3 y4121 wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14dc y4121 w71 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(73)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14dd y4121 wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14de y4121 w71 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(73)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ac w421 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Finance incom<span class=\"_ _0\"></span>e from reinsurance contracts issued<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x12a3 y40ac wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x23e y40ac w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">43<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5db y40ac wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa0d y40ac w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">43<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w422 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">T<span class=\"_ _1\"></span>otal f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me a<span class=\"_ _0\"></span>nd ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>e rec<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed i<span class=\"_ _0\"></span>n OC<span class=\"_ _0\"></span>I<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11f9 y40ae wbf h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa4a y40ae w71 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(30)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5d8 y40ae wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14df y40ae w5a h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(30)<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"t m0 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs990\">1. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er i<span class=\"_ _0\"></span>nve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt (ex<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>se)/<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>me p<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>y c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>se<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, g<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d lo<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>es f<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>m d<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>e an<span class=\"_ _0\"></span>d ot<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>er fi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>al i<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs991\">2. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>Ma<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>y m<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d a<span class=\"_ _0\"></span>t fai<span class=\"_ _0\"></span>r va<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>e th<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>h pr<span class=\"_ _0\"></span>ofi<span class=\"_ _0\"></span>t o<span class=\"_ _0\"></span>r lo<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs992\">3. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>Th<span class=\"_ _0\"></span>e an<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>ys<span class=\"_ _0\"></span>is o<span class=\"_ _0\"></span>f in<span class=\"_ _0\"></span>ves<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t re<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>n an<span class=\"_ _0\"></span>d fi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e in<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>/exp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>e has b<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n sp<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>t b<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n i<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t p<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>. Fo<span class=\"_ _0\"></span>r an<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y in<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e lia<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, ch<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>es i<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e di<span class=\"_ _0\"></span>sc<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>t ra<span class=\"_ _0\"></span>te </div><div class=\"t m0 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs993\">ar<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>fle<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d i<span class=\"_ _0\"></span>n pr<span class=\"_ _0\"></span>ofi<span class=\"_ _0\"></span>t o<span class=\"_ _0\"></span>r lo<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he b<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g p<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>tfo<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>io of a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ts is s<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d to m<span class=\"_ _0\"></span>atc<span class=\"_ _0\"></span>h t<span class=\"_ _0\"></span>he l<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>bi<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>nd i<span class=\"_ _0\"></span>s p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>do<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>y ac<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d fo<span class=\"_ _0\"></span>r as F<span class=\"_ _0\"></span>V<span class=\"_ _3\"></span>TP<span class=\"_ _0\"></span>L<span class=\"_ _0\"></span>. A p<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>tf<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>io of a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ts b<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g an<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y </div><div class=\"t m0 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs994\">bu<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>ss a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e ac<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>or a<span class=\"_ _0\"></span>t ei<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r a<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>ed c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>st o<span class=\"_ _0\"></span>r F<span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>OC<span class=\"_ _0\"></span>I as t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>y a<span class=\"_ _0\"></span>re i<span class=\"_ _0\"></span>n su<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>us to t<span class=\"_ _0\"></span>he I<span class=\"_ _0\"></span>F<span class=\"_ _0\"></span>RS 17 be<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>t es<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ate l<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>bi<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y a<span class=\"_ _0\"></span>nd r<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>k ad<span class=\"_ _0\"></span>j<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>. P<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on i<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e li<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es h<span class=\"_ _0\"></span>ave </div><div class=\"t m0 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs995\">ap<span class=\"_ _0\"></span>pl<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d t<span class=\"_ _0\"></span>he I<span class=\"_ _0\"></span>F<span class=\"_ _0\"></span>RS 17 OC<span class=\"_ _0\"></span>I o<span class=\"_ _0\"></span>pt<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n. C<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>s in d<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t ra<span class=\"_ _0\"></span>te a<span class=\"_ _0\"></span>re t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>re r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d i<span class=\"_ _0\"></span>n OC<span class=\"_ _0\"></span>I<span class=\"_ _0\"></span>, w<span class=\"_ _0\"></span>hi<span class=\"_ _0\"></span>ls<span class=\"_ _0\"></span>t ba<span class=\"_ _0\"></span>ck<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ng a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>re c<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ifi<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d as e<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er F<span class=\"_ _3\"></span>VO<span class=\"_ _0\"></span>CI o<span class=\"_ _0\"></span>r am<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>.</div>",
   "dimensions": {
    "concept": "legalandgeneral:DisclosureOfInvestmentReturn",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-610": {
   "value": "<div class=\"t m2 he ff1 fs8 fc2 sc0 lsd7 ws1d8 gs997\">30<span class=\"_ _1\"></span><span class=\"ls14b ws1d9\">.<span class=\"_ _0\"></span> Ta<span class=\"_ _3\"></span>x<span class=\"_ _3b2\"> </span></span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs998\">Th<span class=\"_ _0\"></span>e table b<span class=\"_ _0\"></span>elow prov<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>s a summa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y of the stan<span class=\"_ _0\"></span>dard c<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>por<span class=\"_ _0\"></span>ate inco<span class=\"_ _0\"></span>me ta<span class=\"_ _0\"></span>x rates of the main terr<span class=\"_ _0\"></span>itor<span class=\"_ _0\"></span>ies we ope<span class=\"_ _0\"></span>rate in.<span class=\"_ _3b2\"> </span></div><div class=\"gs999\"><table class=\"s w423 h1ae\" id=\"_50af18ef-910f-4ec6-9c80-9479b9462aff\"><tr><td></td><td class=\"c n x3cb y465a w103 h12b\"><div class=\"t m2 x1ca hf y415b ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x418 y465b w104 h11e\"><div class=\"t m2 x1ca hf y415d ff3 fs9 fc1 sc0 ls29 ws30\">20<span class=\"_ _0\"></span>23<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y465c w424 h116\"><div class=\"t m2 x1ca hc y4084 ff3 fs6 fc1 sc0 ls14a ws164\">UK<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x33c y465c w425 h116\"><div class=\"t m2 x1ca hc y4084 ff5 fs6 fc1 sc0 ls56 ws55\">25.0%<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14e0 y465c w426 h117\"><div class=\"t m2 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">23.5%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y465d w258 h116\"><div class=\"t m2 x1ca hc y4084 ff3 fs6 fc1 sc0 ls52 ws12a\">USA<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14e1 y465d w425 h116\"><div class=\"t m2 x1ca hc y4084 ff5 fs6 fc1 sc0 ls56 ws55\">21.0%<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14e2 y465d w426 h117\"><div class=\"t m2 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">21.0%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4158 w427 h116\"><div class=\"t m2 x1ca hc y4084 ff3 fs6 fc1 sc0 ls10e ws11c\">Bermuda<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14e3 y4158 w428 h116\"><div class=\"t m2 x1ca hc y4084 ff5 fs6 fc1 sc0 ls56 ws55\">0.0%<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14e4 y4158 w12e h117\"><div class=\"t m2 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">0.0%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w278 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14e5 y40ae w425 h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">12.5%<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14e6 y40ae w426 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">12.5%<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls18 ws32 gs99a\">Th<span class=\"_ _0\"></span>e tax shown in the Co<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>lidate<span class=\"_ _0\"></span>d Inco<span class=\"_ _0\"></span>me S<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t and Cons<span class=\"_ _0\"></span>olid<span class=\"_ _0\"></span>ated S<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent of Com<span class=\"_ _0\"></span>pre<span class=\"_ _0\"></span>hen<span class=\"_ _0\"></span>sive Inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e com<span class=\"_ _0\"></span>pri<span class=\"_ _0\"></span>ses cur<span class=\"_ _0\"></span>rent an<span class=\"_ _0\"></span>d deferre<span class=\"_ _0\"></span>d tax<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h21 ff1 fs10 fc2 sc0 ls77 ws0 gs99b\">(i<span class=\"_ _1\"></span>) <span class=\"_ _8\"> </span>Implementation of the globa<span class=\"_ _0\"></span>l m<span class=\"_ _3\"></span>in<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>mum t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x reg<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>me<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs99c\">Th<span class=\"_ _0\"></span>e UK ha<span class=\"_ _0\"></span>s ena<span class=\"_ _0\"></span>cted l<span class=\"_ _0\"></span>egis<span class=\"_ _0\"></span>latio<span class=\"_ _0\"></span>n wit<span class=\"_ _0\"></span>h effe<span class=\"_ _0\"></span>ct f<span class=\"_ _0\"></span>rom 1 Ja<span class=\"_ _0\"></span>nua<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y 20<span class=\"_ _0\"></span>24 to appl<span class=\"_ _0\"></span>y a glo<span class=\"_ _0\"></span>bal mi<span class=\"_ _0\"></span>nimu<span class=\"_ _0\"></span>m ta<span class=\"_ _0\"></span>x (Pill<span class=\"_ _0\"></span>ar II) in li<span class=\"_ _0\"></span>ne wi<span class=\"_ _0\"></span>th the M<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>el Rul<span class=\"_ _0\"></span>es ag<span class=\"_ _0\"></span>ree<span class=\"_ _0\"></span>d by the<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs99d\">Org<span class=\"_ _0\"></span>anisat<span class=\"_ _0\"></span>ion for Ec<span class=\"_ _0\"></span>ono<span class=\"_ _0\"></span>mic C<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>-<span class=\"_ _3\"></span>ope<span class=\"_ _0\"></span>ratio<span class=\"_ _0\"></span>n and De<span class=\"_ _0\"></span>velo<span class=\"_ _0\"></span>pm<span class=\"_ _0\"></span>ent (OEC<span class=\"_ _0\"></span>D). <span class=\"_ _1\"></span>Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p has appli<span class=\"_ _0\"></span>ed the tem<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>rar<span class=\"_ _3\"></span>y mandator<span class=\"_ _3\"></span>y exceptio<span class=\"_ _0\"></span>n from d<span class=\"_ _0\"></span>eferre<span class=\"_ _0\"></span>d tax<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs99e\">acc<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nting for th<span class=\"_ _0\"></span>e impa<span class=\"_ _0\"></span>cts of the UK top<span class=\"_ _0\"></span>-<span class=\"_ _3\"></span>up tax and will ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>unt for it as a cur<span class=\"_ _0\"></span>rent ta<span class=\"_ _0\"></span>x whe<span class=\"_ _0\"></span>n it is incu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d. T<span class=\"_ _0\"></span>he Grou<span class=\"_ _0\"></span>p is expe<span class=\"_ _0\"></span>cted to be liab<span class=\"_ _0\"></span>le to UK </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs99f\">top<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>up ta<span class=\"_ _0\"></span>x in 20<span class=\"_ _0\"></span>24 at 1<span class=\"_ _4\"></span>5<span class=\"_ _0\"></span>% in resp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t of profit<span class=\"_ _0\"></span>s arisin<span class=\"_ _0\"></span>g in our glo<span class=\"_ _0\"></span>bal rei<span class=\"_ _0\"></span>nsur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e hub in Be<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>uda an<span class=\"_ _0\"></span>d has incl<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>ed a \u00a33<span class=\"_ _0\"></span>5m mul<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>ation<span class=\"_ _0\"></span>al top<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>p tax </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs9a0\">cha<span class=\"_ _0\"></span>rge with<span class=\"_ _0\"></span>in its cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nt year ta<span class=\"_ _0\"></span>x charg<span class=\"_ _0\"></span>e of \u00a3252m in res<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ct of this whic<span class=\"_ _0\"></span>h is due to be paid by 30 Jun<span class=\"_ _0\"></span>e 20<span class=\"_ _0\"></span>26. From 20<span class=\"_ _0\"></span>25<span class=\"_ _0\"></span>, the Gro<span class=\"_ _0\"></span>up\u2019s Ber<span class=\"_ _0\"></span>mud<span class=\"_ _0\"></span>an </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs9a1\">prof<span class=\"_ _0\"></span>its will be lia<span class=\"_ _0\"></span>ble to loc<span class=\"_ _0\"></span>al Be<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>uda<span class=\"_ _0\"></span>n cor<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>rate inc<span class=\"_ _0\"></span>ome ta<span class=\"_ _0\"></span>x (CIT<span class=\"_ _0\"></span>) at 1<span class=\"_ _1\"></span>5%.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 lsd ws7f gs9a2\">Th<span class=\"_ _0\"></span>e OECD issu<span class=\"_ _0\"></span>ed an update to <span class=\"_ _1\"></span>its Admi<span class=\"_ _0\"></span>nistr<span class=\"_ _0\"></span>ative Guid<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e on Ar<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>cle 9.<span class=\"_ _4\"></span>1 of the Globa<span class=\"_ _0\"></span>l Anti<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>ba<span class=\"_ _0\"></span>se Erosio<span class=\"_ _0\"></span>n Mod<span class=\"_ _0\"></span>el Rules on 1<span class=\"_ _1\"></span>5 <span class=\"_ _1\"></span>Janu<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y 20<span class=\"_ _0\"></span>25 to <span class=\"_ _1\"></span>clar<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs9a3\">appl<span class=\"_ _0\"></span>icat<span class=\"_ _0\"></span>ion of the Pill<span class=\"_ _0\"></span>ar II rule<span class=\"_ _0\"></span>s to cer<span class=\"_ _0\"></span>tai<span class=\"_ _0\"></span>n defer<span class=\"_ _0\"></span>red ta<span class=\"_ _0\"></span>x assets exi<span class=\"_ _0\"></span>stin<span class=\"_ _0\"></span>g on trans<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>n to the new rul<span class=\"_ _0\"></span>es. T<span class=\"_ _0\"></span>his upd<span class=\"_ _0\"></span>ate does not of its<span class=\"_ _0\"></span>elf cha<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>e the </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs9a4\">rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>on of the \u00a33<span class=\"_ _0\"></span>4<span class=\"_ _3\"></span>0m defer<span class=\"_ _0\"></span>red ta<span class=\"_ _0\"></span>x asse<span class=\"_ _0\"></span>t unde<span class=\"_ _0\"></span>r Be<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>uda CI<span class=\"_ _0\"></span>T at year end 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3. Th<span class=\"_ _0\"></span>e guid<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e chan<span class=\"_ _0\"></span>ges th<span class=\"_ _0\"></span>e Pillar II trea<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt of the remai<span class=\"_ _0\"></span>ning<span class=\"_ _0\"></span> </div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs9a5\">defer<span class=\"_ _0\"></span>red ta<span class=\"_ _0\"></span>x ass<span class=\"_ _0\"></span>et bal<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e fro<span class=\"_ _0\"></span>m 1 Janu<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>27 suc<span class=\"_ _0\"></span>h that fo<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>27 onwar<span class=\"_ _0\"></span>ds it wou<span class=\"_ _0\"></span>ld no l<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ger b<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>ere<span class=\"_ _0\"></span>d valid i<span class=\"_ _0\"></span>n the c<span class=\"_ _0\"></span>alc<span class=\"_ _0\"></span>ulati<span class=\"_ _0\"></span>on of cove<span class=\"_ _0\"></span>red<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs9a6\">taxes for Pill<span class=\"_ _0\"></span>ar II pur<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>es. I<span class=\"_ _0\"></span>t is not possi<span class=\"_ _0\"></span>ble to estim<span class=\"_ _0\"></span>ate the fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial imp<span class=\"_ _0\"></span>act of this cha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>. However, it is likely to result in addi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal UK top<span class=\"_ _3\"></span>-u<span class=\"_ _0\"></span>p tax<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs9a7\">cha<span class=\"_ _0\"></span>rges an<span class=\"_ _0\"></span>d a highe<span class=\"_ _0\"></span>r overall ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>tive tax ra<span class=\"_ _0\"></span>te on Ber<span class=\"_ _0\"></span>mud<span class=\"_ _0\"></span>a profi<span class=\"_ _0\"></span>ts fro<span class=\"_ _0\"></span>m 202<span class=\"_ _0\"></span>7 or a material re<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n in the \u00a33<span class=\"_ _0\"></span>4<span class=\"_ _3\"></span>0m Be<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>uda d<span class=\"_ _0\"></span>eferre<span class=\"_ _0\"></span>d tax ass<span class=\"_ _0\"></span>et<span class=\"_ gsec\"> </span>in<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs9a8\">20<span class=\"_ _0\"></span>25. T<span class=\"_ _0\"></span>his new gui<span class=\"_ _0\"></span>dan<span class=\"_ _0\"></span>ce do<span class=\"_ _0\"></span>es not rep<span class=\"_ _0\"></span>rese<span class=\"_ _0\"></span>nt an adjus<span class=\"_ _0\"></span>ting po<span class=\"_ _0\"></span>st bala<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e she<span class=\"_ _0\"></span>et event un<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r IA<span class=\"_ _0\"></span>S 1<span class=\"_ _1\"></span>0.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h21 ff1 fs10 fc2 sc0 ls77 ws0 gs9aa\">(ii) <span class=\"_ _d\"> </span>Tax ex<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ense/(<span class=\"_ _4\"></span>c<span class=\"_ _0\"></span>red<span class=\"_ _0\"></span>it<span class=\"_ _1\"></span>) in t<span class=\"_ _0\"></span>he Cons<span class=\"_ _0\"></span>olid<span class=\"_ _0\"></span>ated I<span class=\"_ _0\"></span>ncome Statement<span class=\"_ _3b2\"> </span></div><div class=\"gs4d9\"><table class=\"s w10b h1af\" id=\"_07c4597d-3fc2-4acf-a9d2-ac860eb92b54\"><tr><td></td><td></td><td class=\"t m2 x1c6 h13 y465e ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y465e ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td></td><td class=\"t m2 x1c8 h13 y465f ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y465f ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y4660 w429 h116\"><div class=\"t m2 x1ca h1a y40b1 ff5 fs6 fc1 sc0 ls1 ws23\">Current tax<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x209 y4660 w4a h116\"><div class=\"t m2 x1ca h1a y40b1 ff5 fs6 fc1 sc0 ls56 ws55\">252<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x20a y4660 w42 h116\"><div class=\"t m2 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls56 ws55\">120<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 hb y4661 ff5 fs6 fc1 sc0 ls1 ws23\">Deferred tax<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y40bd w114 h116\"><div class=\"t m2 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022</div></td><td class=\"c n x405 y40bd w42a h116\"><div class=\"t m2 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls56 ws0\">Or<span class=\"_ _0\"></span>igi<span class=\"_ _0\"></span>nat<span class=\"_ _0\"></span>ion o<span class=\"_ _0\"></span>r rev<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>sal of te<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y d<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ces i<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e yea<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14e7 y40bd w7b h116\"><div class=\"t m2 x1ca h1a y40b1 ff6 fs6 fc1 sc0 ls56 ws55\">96<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14e8 y40bd w3b h116\"><div class=\"t m2 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls56 ws55\">(356)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40be w114 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022</div></td><td class=\"c n x405 y40be w42b h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Imp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t of reva<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of defe<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>ax b<span class=\"_ _0\"></span>ala<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14e9 y40be wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14ea y40be w6a h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(1)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40bf w42c h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws23\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> deferred tax<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x14eb y40bf w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">96<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14ec y40bf w4d h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(357)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c1 w42d h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws0\">Adj<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t to e<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>it<span class=\"_ _3\"></span>y hol<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>s\u2019 ta<span class=\"_ _0\"></span>x i<span class=\"_ _0\"></span>n re<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t of p<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>or ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x14ed y40c1 w67 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(1)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14ee y40c1 w5a h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(11)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c2 w42e h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws23\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> tax expense/<span class=\"_ _1\"></span>(<span class=\"_ _1\"></span>credit)<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x429 y40c2 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">347<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14ef y40c2 w3b h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(248)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4158 w42f h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws0\">Le<span class=\"_ _0\"></span>ss: t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x at<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>e to p<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>icy<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r r<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ns<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x408 y4158 w3a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(210)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x409 y4158 w3b h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(119)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w430 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws23\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> tax expense/<span class=\"_ _1\"></span>(<span class=\"_ _1\"></span>credit)<span class=\"_ _1\"></span> attribut<span class=\"_ _0\"></span>able to<span class=\"_ _1\"></span> equity holders<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x20e y40ae w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">137<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3bd y40ae w3b h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(367)<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls18 ws32 gs9ab\">Th<span class=\"_ _0\"></span>e tax expe<span class=\"_ _0\"></span>nse at<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>tab<span class=\"_ _0\"></span>le to equit<span class=\"_ _0\"></span>y hol<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>s dif<span class=\"_ _0\"></span>fers fro<span class=\"_ _0\"></span>m the tax cal<span class=\"_ _0\"></span>cul<span class=\"_ _0\"></span>ated on profi<span class=\"_ _0\"></span>t before tax at the sta<span class=\"_ _0\"></span>ndar<span class=\"_ _0\"></span>d UK cor<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>ratio<span class=\"_ _0\"></span>n tax rate as follows:<span class=\"_ _3b2\"> </span></div><div class=\"gs9ac\"><table class=\"s w3a9 h1b0\" id=\"_31112a24-c10d-4a84-8474-9aeb5a38769e\"><tr><td></td><td class=\"t m2 x1c6 h13 y4662 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y4662 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x1c8 h13 y4663 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y4663 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y4664 w431 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Prof<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t befo<span class=\"_ _0\"></span>re ta<span class=\"_ _0\"></span>x at<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ib<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e to eq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>ty h<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>rs<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3b5 y4664 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">332<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14f0 y4664 w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">76<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4665 w432 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">T<span class=\"_ _1\"></span>ax calc<span class=\"_ _0\"></span>ul<span class=\"_ _0\"></span>ated at 25% (20<span class=\"_ _0\"></span>23<span class=\"_ _0\"></span>: 23.5<span class=\"_ _0\"></span>%)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14f1 y4665 w70 h118\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">83<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14f2 y4665 w39 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">18<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 hc y4666 ff4 fs6 fc1 sc0 ls56 ws55\">Adju<span class=\"_ _0\"></span>ste<span class=\"_ _0\"></span>d for the effe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ts of:<span class=\"_ _3b2\"> </span></td><td></td><td></td></tr><tr><td class=\"t m2 x206 hb y4667 ff5 fs6 fc1 sc0 ls11c ws25\">Recurring reconcil<span class=\"_ _1\"></span>ing items<span class=\"_ _1\"></span>:<span class=\"_ _3b2\"> </span></td><td></td><td></td></tr><tr><td class=\"c x1cb y4669 w41b h1b1\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Dif<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>t rate of ta<span class=\"_ _0\"></span>x o<span class=\"_ _0\"></span>n prof<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ts an<span class=\"_ _0\"></span>d los<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s ta<span class=\"_ _0\"></span>xed ove<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>eas</div><div class=\"t m2 x14d2 h5a y4668 ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x509 y466a w41 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(30)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1433 y466a w71 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(68)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y466b w433 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Inc<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>me n<span class=\"_ _0\"></span>ot sub<span class=\"_ _0\"></span>je<span class=\"_ _0\"></span>ct to ta<span class=\"_ _0\"></span>x<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14f3 y466b w6d h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(3)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14f4 y466b w6a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(4)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y466c w434 h1b1\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">Non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>deductible expenses</div><div class=\"t m2 x14f5 h5a y4668 ff3 fs1c fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x423 y466d w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">32<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x424 y466d w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">27<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y466e w435 h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Dif<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>s be<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n ta<span class=\"_ _0\"></span>xab<span class=\"_ _0\"></span>le a<span class=\"_ _0\"></span>nd ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g inve<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t gai<span class=\"_ _0\"></span>ns</div><div class=\"t m2 x14f6 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x423 y466e w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">32<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14f7 y466e w6a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(9)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y466f w436 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">O<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r ta<span class=\"_ _0\"></span>xes o<span class=\"_ _0\"></span>n pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y a<span class=\"_ _0\"></span>nd for<span class=\"_ _0\"></span>eig<span class=\"_ _0\"></span>n in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14f8 y466f wa8 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">7<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13c8 y466f w75 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4670 w437 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">Unrecognised tax losses<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14f9 y4670 w67 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(1)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14fa y4670 w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">19<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4671 w438 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Do<span class=\"_ _0\"></span>ubl<span class=\"_ _0\"></span>e ta<span class=\"_ _0\"></span>x re<span class=\"_ _0\"></span>lief<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14f9 y4671 w67 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(1)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11f1 y4671 w6a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(2)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 hb y4672 ff5 fs6 fc1 sc0 ls11c ws25\">Non-recurring reconciling<span class=\"_ _1\"></span> items:<span class=\"_ _3b2\"> </span></td><td></td><td></td></tr><tr><td class=\"c x1cb y4673 w435 h1b1\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Dif<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>s be<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n ta<span class=\"_ _0\"></span>xab<span class=\"_ _0\"></span>le a<span class=\"_ _0\"></span>nd ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g inve<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t gai<span class=\"_ _0\"></span>ns</div><div class=\"t m2 x14f6 h5a y4668 ff3 fs1c fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x423 y4674 w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">19<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14fb y4674 wbd h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4675 w439 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Adjustments in respect of prior y<span class=\"_ _1\"></span>ears<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14fc y4675 w6d h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(1)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3e2 y4675 w5a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(11)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4676 w43a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Imp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t of the r<span class=\"_ _0\"></span>eval<span class=\"_ _0\"></span>uat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n of defe<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d ta<span class=\"_ _0\"></span>x ba<span class=\"_ _0\"></span>lan<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13ca y4676 wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14fd y4676 w6a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(1)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y4677 w43b h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Imp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t of law c<span class=\"_ _0\"></span>han<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>s on d<span class=\"_ _0\"></span>efer<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d tax b<span class=\"_ _0\"></span>ala<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>es</div><div class=\"t m2 x14fe h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">5<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14ff y4677 wa5 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1500 y4677 w3b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(340)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4678 w43c h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws23\">T<span class=\"_ _1\"></span>ax<span class=\"_ _1\"></span> expense/(<span class=\"_ _1\"></span>credit<span class=\"_ _1\"></span>) attributable to<span class=\"_ _1\"></span> equity holders<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1501 y4678 w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">137<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14e8 y4678 w3b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(367)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w43d h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">Eq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y hol<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s\u2019 ef<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve ta<span class=\"_ _0\"></span>x rat<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1502 y40ae w43e h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">41%<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1503 y40ae w43f h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(483)%<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs9ad\">1. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>Th<span class=\"_ _0\"></span>e lo<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>r ra<span class=\"_ _0\"></span>te o<span class=\"_ _0\"></span>f ta<span class=\"_ _0\"></span>x on o<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>s pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>fit<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d l<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s is p<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>ll<span class=\"_ _0\"></span>y dr<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>n by th<span class=\"_ _0\"></span>e 0<span class=\"_ _0\"></span>% ra<span class=\"_ _0\"></span>te o<span class=\"_ _0\"></span>f ta<span class=\"_ _0\"></span>x ap<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ly<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g i<span class=\"_ _0\"></span>n Be<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>mu<span class=\"_ _0\"></span>da o<span class=\"_ _0\"></span>n t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ts o<span class=\"_ _0\"></span>f ou<span class=\"_ _0\"></span>r Be<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>an r<span class=\"_ _0\"></span>ei<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>y, the i<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t </div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs9ae\">of wh<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>h i<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>du<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d by 15% U<span class=\"_ _0\"></span>K top<span class=\"_ _3\"></span>-<span class=\"_ _0\"></span>up t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x on B<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>da p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>, e<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o be \u00a3<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>5m f<span class=\"_ _0\"></span>or 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>24<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>is a<span class=\"_ _0\"></span>ls<span class=\"_ _0\"></span>o in<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>es t<span class=\"_ _0\"></span>he i<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t o<span class=\"_ _0\"></span>f ou<span class=\"_ _0\"></span>r U<span class=\"_ _0\"></span>S op<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>s wh<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>h a<span class=\"_ _0\"></span>re t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>xed a<span class=\"_ _0\"></span>t 21%.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls89 ws8e gs9af\">2.<span class=\"_ _0\"></span> <span class=\"_ _5\"> </span> <span class=\"_ _9\"></span>No<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-<span class=\"_ _3\"></span>de<span class=\"_ _0\"></span>du<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>e ex<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>te to c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s wh<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>h ar<span class=\"_ _0\"></span>e no<span class=\"_ _0\"></span>t de<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ib<span class=\"_ _0\"></span>le f<span class=\"_ _0\"></span>or t<span class=\"_ _0\"></span>ax p<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s in<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ng ex<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s in r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t of a<span class=\"_ _0\"></span>cq<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns a<span class=\"_ _0\"></span>nd d<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>sa<span class=\"_ _0\"></span>ls a<span class=\"_ _0\"></span>s we<span class=\"_ _0\"></span>ll as c<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>n res<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs9b0\">3. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>Di<span class=\"_ _0\"></span>ff<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s be<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n ta<span class=\"_ _0\"></span>xa<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>e an<span class=\"_ _0\"></span>d a<span class=\"_ _0\"></span>cc<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng i<span class=\"_ _0\"></span>nv<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt g<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>ns i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s ad<span class=\"_ _0\"></span>ju<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s to th<span class=\"_ _0\"></span>e ca<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g va<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>e of i<span class=\"_ _0\"></span>nve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s wh<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>h ar<span class=\"_ _0\"></span>e n<span class=\"_ _0\"></span>ot t<span class=\"_ _0\"></span>ax<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs9b1\">4. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>Th<span class=\"_ _0\"></span>is i<span class=\"_ _0\"></span>s in r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t of t<span class=\"_ _0\"></span>he d<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>al of C<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>la w<span class=\"_ _0\"></span>hi<span class=\"_ _0\"></span>ch i<span class=\"_ _0\"></span>s no<span class=\"_ _0\"></span>t ta<span class=\"_ _0\"></span>xa<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>le d<span class=\"_ _0\"></span>ue t<span class=\"_ _0\"></span>o 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>al s<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g exe<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n. S<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>e No<span class=\"_ _0\"></span>te 2<span class=\"_ _0\"></span>8 fo<span class=\"_ _0\"></span>r fu<span class=\"_ _0\"></span>ll d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>s.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs9b2\">5. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>Th<span class=\"_ _0\"></span>e 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3 ta<span class=\"_ _0\"></span>x c<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>it r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>tes t<span class=\"_ _0\"></span>o th<span class=\"_ _0\"></span>e in<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>du<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on o<span class=\"_ _0\"></span>f a ne<span class=\"_ _0\"></span>w co<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>te i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>me t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x re<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>e in B<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>da<span class=\"_ _0\"></span>, w<span class=\"_ _0\"></span>hi<span class=\"_ _0\"></span>ch w<span class=\"_ _0\"></span>as e<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d in D<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h21 ff1 fs10 fc2 sc0 ls77 ws0 gs9b4\">(iii) <span class=\"_ _20\"> </span>Deferr<span class=\"_ _0\"></span>ed ta<span class=\"_ _0\"></span>x \u2013 C<span class=\"_ _0\"></span>onsol<span class=\"_ _0\"></span>idated B<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e Sheet<span class=\"_ _3b2\"> </span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs9b5\">Defer<span class=\"_ _0\"></span>red ta<span class=\"_ _0\"></span>x asse<span class=\"_ _0\"></span>ts and liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es have bee<span class=\"_ _0\"></span>n rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d/(p<span class=\"_ _0\"></span>rovid<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>) for tempo<span class=\"_ _0\"></span>rar<span class=\"_ _3\"></span>y diffe<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>ces an<span class=\"_ _0\"></span>d unuse<span class=\"_ _0\"></span>d tax lo<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s. Th<span class=\"_ _0\"></span>e rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>n of deferre<span class=\"_ _0\"></span>d </div><div class=\"t m0 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs9b6\">tax as<span class=\"_ _0\"></span>sets i<span class=\"_ _0\"></span>n resp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t of temp<span class=\"_ _0\"></span>ora<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y dif<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>ces a<span class=\"_ _0\"></span>nd ta<span class=\"_ _0\"></span>x los<span class=\"_ _0\"></span>ses are s<span class=\"_ _0\"></span>upp<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>ted by mana<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t\u2019s be<span class=\"_ _0\"></span>st es<span class=\"_ _0\"></span>timate of fu<span class=\"_ _0\"></span>ture t<span class=\"_ _0\"></span>axab<span class=\"_ _0\"></span>le pr<span class=\"_ _0\"></span>ofi<span class=\"_ _0\"></span>ts to abso<span class=\"_ _0\"></span>rb </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs9b7\">the los<span class=\"_ _0\"></span>ses in fu<span class=\"_ _0\"></span>ture yea<span class=\"_ _0\"></span>rs. D<span class=\"_ _0\"></span>eferr<span class=\"_ _0\"></span>ed tax as<span class=\"_ _0\"></span>sets an<span class=\"_ _0\"></span>d liabili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s prese<span class=\"_ _0\"></span>nted on the C<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>olid<span class=\"_ _0\"></span>ated Bal<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e She<span class=\"_ _0\"></span>et have be<span class=\"_ _0\"></span>en of<span class=\"_ _0\"></span>fse<span class=\"_ _0\"></span>t to the exten<span class=\"_ _0\"></span>t it is </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs9b8\">per<span class=\"_ _0\"></span>mis<span class=\"_ _0\"></span>sibl<span class=\"_ _0\"></span>e und<span class=\"_ _0\"></span>er the rel<span class=\"_ _0\"></span>evant ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>unti<span class=\"_ _0\"></span>ng sta<span class=\"_ _0\"></span>ndar<span class=\"_ _0\"></span>ds. T<span class=\"_ _0\"></span>he net m<span class=\"_ _0\"></span>oveme<span class=\"_ _0\"></span>nt in defer<span class=\"_ _0\"></span>red ta<span class=\"_ _0\"></span>x asse<span class=\"_ _0\"></span>ts and liabi<span class=\"_ _0\"></span>liti<span class=\"_ _0\"></span>es dur<span class=\"_ _0\"></span>ing the ye<span class=\"_ _0\"></span>ar is as follows:<span class=\"_ _3b2\"> </span></div><div class=\"gs9b9\"><table class=\"s w36e h1b2\" id=\"_af2011ab-e4e7-4f1c-8e61-df2267f5bbfc\"><tr><td></td><td></td><td></td><td class=\"t m0 x896 h13 y4679 ff5 fs9 fc1 sc0 ls54 ws1a6\">Ta<span class=\"_ _0\"></span>x<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x433 h13 y4679 ff5 fs9 fc1 sc0 ls54 ws1a6\">Ta<span class=\"_ _0\"></span>x<span class=\"_ _3b2\"> </span></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"t m0 x4e5 h13 y467a ff5 fs9 fc1 sc0 ls3c ws4c\">Net tax<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x94b h13 y467a ff5 fs9 fc1 sc0 ls3d ws131\">(<span class=\"_ _1\"></span>charged)/<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x493 h13 y467a ff5 fs9 fc1 sc0 ls3d ws131\">(<span class=\"_ _1\"></span>charged)/<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m0 x75c h13 y467a ff5 fs9 fc1 sc0 ls3c ws4c\">Net tax<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 xa9e h13 y467b ff5 fs9 fc1 sc0 ls18 ws0\">as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t as a<span class=\"_ _0\"></span>t </td><td class=\"t m0 x1436 h13 y467b ff5 fs9 fc1 sc0 ls3b ws4d\">credited to<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x465 h13 y467b ff5 fs9 fc1 sc0 ls3b ws45\">credited<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x9fa h13 y467b ff5 fs9 fc1 sc0 ls37 ws7\">Acquisiti<span class=\"_ _1\"></span>ons/<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1504 h13 y467b ff5 fs9 fc1 sc0 ls18 ws0\">as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t as a<span class=\"_ _0\"></span>t </td></tr><tr><td></td><td></td><td class=\"t m0 x1505 h13 y467c ff5 fs9 fc1 sc0 ls14a ws163\">1 January<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x42d h13 y467c ff5 fs9 fc1 sc0 ls14a ws163\">the income<span class=\"_ _3b2\"> </span></td><td class=\"t m0 xb0f h13 y467c ff6 fs9 fc1 sc0 ls18 ws32\">to OC<span class=\"_ _0\"></span>I<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x94c h13 y467c ff5 fs9 fc1 sc0 ls38 ws3a\">disposals/<span class=\"_ _3b2\"> </span></td><td class=\"t m0 xb13 h13 y467c ff5 fs9 fc1 sc0 ls3d ws86\">31<span class=\"_ _1\"></span> December<span class=\"ls1 ws0\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x686 h13 y467d ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x26a h13 y467d ff5 fs9 fc1 sc0 ls12b ws40\">statemen<span class=\"_ _1\"></span>t<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x5af h13 y467d ff5 fs9 fc1 sc0 ls18 ws0\">or e<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></td><td class=\"t m0 xac7 h13 y467d ff5 fs9 fc1 sc0 ls37 ws7\">transfers<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c7 h13 y467d ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"ls1 ws0\"> </span></td></tr><tr><td class=\"t m0 x206 h13 y467e ff5 fs9 fc1 sc0 ls88 ws2a\">Deferred tax assets/(liabilities)<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m0 x5ef h13 y467e ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 xac3 h13 y467e ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x433 h13 y467e ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c8 h13 y467e ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 h13 y467e ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c x1cb y467f w1ee h11a\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">Overseas deferred acquisition<span class=\"_ _1\"></span> expenses</div><div class=\"t m0 x708 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1506 y4680 w4a h118\"><div class=\"t m0 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">121<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1507 y4680 w7b h118\"><div class=\"t m0 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">13<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1508 y4680 w59 h118\"><div class=\"t m0 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1509 y4680 wa5 h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x150a y4680 w4a h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">136<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4681 w440 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Dif<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>ce b<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en t<span class=\"_ _0\"></span>he t<span class=\"_ _0\"></span>ax a<span class=\"_ _0\"></span>nd ac<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g val<span class=\"_ _0\"></span>ue of in<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x150b y4681 w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">736<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7fc y4681 w3a h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(315)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa5f y4681 w41 h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(41)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x20e y4681 w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">237<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x150c y4681 w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">617<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4682 w114 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y4682 w424 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls14a ws164\">UK<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x150d y4682 w36 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">1,149<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe82 y4682 w3a h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(129)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13cd y4682 wa8 h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x150e y4682 w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">237<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1466 y4682 w36 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">1,258<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4683 w114 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y4683 w441 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls52 ws12a\">US<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6b6 y4683 w3a h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(753)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10af y4683 w3a h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(186)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x150f y4683 w41 h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(42)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1510 y4683 wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1511 y4683 w3a h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(981)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4684 w114 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c x405 y4684 w442 h11a\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10e ws11c\">Bermuda</div><div class=\"t m0 x1512 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1506 y4660 w4a h118\"><div class=\"t m0 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">340<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1513 y4660 wa5 h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1514 y4660 wa5 h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1515 y4660 wa5 h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1516 y4660 w4a h118\"><div class=\"t m0 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">340<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y4685 w443 h11a\" colspan=\"2\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Real<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d an<span class=\"_ _0\"></span>d unr<span class=\"_ _0\"></span>eal<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d gai<span class=\"_ _0\"></span>ns o<span class=\"_ _0\"></span>n inve<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts</div><div class=\"t m0 x1517 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1518 y4686 w7b h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">72<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1519 y4686 w7b h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">68<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x151a y4686 w70 h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">65<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x151b y4686 w3a h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">(237)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x151c y4686 waf h118\"><div class=\"t m0 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">(32)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4687 w444 h118\" colspan=\"2\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>xce<span class=\"_ _0\"></span>ss of d<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>iat<span class=\"_ _0\"></span>ion o<span class=\"_ _0\"></span>ver c<span class=\"_ _0\"></span>ap<span class=\"_ _0\"></span>ita<span class=\"_ _0\"></span>l all<span class=\"_ _0\"></span>owan<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x151d y4687 w246 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">17<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x151e y4687 w41 h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(28)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x151f y4687 wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14f9 y4687 w67 h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(2)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1520 y4687 waf h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(13)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4688 w445 h118\" colspan=\"2\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls11e ws5c\">Accounting pr<span class=\"_ _1\"></span>ovisions<span class=\"_ _1\"></span> and o<span class=\"_ _1\"></span>ther<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1521 y4688 w7b h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">52<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1522 y4688 w41 h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(29)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1523 y4688 w41 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(26)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x83b y4688 w70 h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">14<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1524 y4688 w7b h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">11<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4689 w446 h118\" colspan=\"2\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">T<span class=\"_ _1\"></span>rading<span class=\"_ _1\"></span> losses<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1525 y4689 w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">609<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1526 y4689 w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">205<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1527 y4689 w7b h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">11<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1528 y4689 wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb0d y4689 w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">825<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y468a w114 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y468a w424 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls14a ws164\">UK<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x151d y468a w246 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">76<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1529 y468a w70 h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">94<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x152a y468a wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x152b y468a wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xaf1 y468a w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">170<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y468b w114 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c x405 y468b w447 h11a\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls52 ws12a\">US</div><div class=\"t m0 x152c h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1506 y468c w4a h118\"><div class=\"t m0 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">533<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x152d y468c w4a h118\"><div class=\"t m0 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">111<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x152e y468c w70 h118\"><div class=\"t m0 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">11<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x152f y468c wa5 h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1530 y468c w4a h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">655<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y468d w448 h118\" colspan=\"2\"><div class=\"t m0 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls1 ws23\">Net deferred tax assets/<span class=\"_ _1\"></span>(liabiliti<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1531 y468d w36 h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">1,607<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xeed y468d w41 h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">(86)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1532 y468d w70 h118\"><div class=\"t m0 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">11<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3e5 y468d w7b h118\"><div class=\"t m0 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">12<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x149a y468d w36 h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">1,544<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y419e w114 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y419e w449 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Defe<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>ax as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1533 y419e w36 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">1,714<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1529 y419e w70 h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">15<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1534 y419e w7b h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">12<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1535 y419e wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1536 y419e w36 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">1,741<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4108 w114 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c x405 y4108 w44a h11a\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls114 ws10d\">Deferre<span class=\"_ _0\"></span>d tax liabilities</div><div class=\"t m0 x1537 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">5<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1538 y4158 w3a h11b\"><div class=\"t m0 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">(107)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1539 y4158 w3a h11b\"><div class=\"t m0 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls56 ws55\">(101)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x153a y4158 w67 h11b\"><div class=\"t m0 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls56 ws55\">(1)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x153b y4158 w7b h11b\"><div class=\"t m0 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls56 ws55\">12<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x153c y4158 w3a h11b\"><div class=\"t m0 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">(197)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w448 h11b\"><div class=\"t m0 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls1 ws23\">Net deferred tax assets/<span class=\"_ _1\"></span>(liabiliti<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>)<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1531 y40ae w36 h11b\"><div class=\"t m0 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">1,607<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xeed y40ae w41 h11b\"><div class=\"t m0 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">(86)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1532 y40ae w70 h11b\"><div class=\"t m0 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls56 ws55\">11<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3e5 y40ae w7b h11b\"><div class=\"t m0 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls56 ws55\">12<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x149a y40ae w36 h11b\"><div class=\"t m0 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">1,544<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"gs9ba\"><table class=\"s w44b h1b3\" id=\"_78384457-b8dd-4ea3-ac31-96454b9ee792\"><tr><td></td><td></td><td></td><td class=\"t m0 xac3 hf y468e ff3 fs9 fc1 sc0 ls116 ws13c\">Ta<span class=\"_ _0\"></span>x<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x433 hf y468e ff3 fs9 fc1 sc0 ls116 ws13c\">Ta<span class=\"_ _0\"></span>x<span class=\"_ _3b2\"> </span></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"t m0 x4e5 hf y468f ff3 fs9 fc1 sc0 ls18 ws0\">Ne<span class=\"_ _0\"></span>t ta<span class=\"_ _0\"></span>x<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x26a hf y468f ff3 fs9 fc1 sc0 ls32 wsf3\">(ch<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>)/<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x26f hf y468f ff3 fs9 fc1 sc0 ls32 wsf3\">(ch<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>)/<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m0 x153d hf y468f ff3 fs9 fc1 sc0 ls18 ws0\">Ne<span class=\"_ _0\"></span>t ta<span class=\"_ _0\"></span>x<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 xac8 hf y4690 ff3 fs9 fc1 sc0 ls1 ws16\">asset as<span class=\"_ _1\"></span> at </td><td class=\"t m0 x26a hf y4690 ff3 fs9 fc1 sc0 lsee ws183\">cre<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d to<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x27e hf y4690 ff3 fs9 fc1 sc0 ls3b ws45\">credit<span class=\"_ _1\"></span>ed<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x9f7 hf y4690 ff3 fs9 fc1 sc0 ls168 ws183\">Acquisitions/<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x13db hf y4690 ff3 fs9 fc1 sc0 ls1 ws16\">asset as<span class=\"_ _1\"></span> at </td></tr><tr><td></td><td></td><td class=\"t m0 x8d0 hf y4691 ff3 fs9 fc1 sc0 ls187 ws41\">1 January<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1436 hf y4691 ff3 fs9 fc1 sc0 ls29 wsf7\">the income<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x42e hf y4691 ff3 fs9 fc1 sc0 lsee ws183\">to OC<span class=\"_ _0\"></span>I<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x615 hf y4691 ff3 fs9 fc1 sc0 ls168 ws183\">disposals/<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x8d4 hf y4691 ff3 fs9 fc1 sc0 ls3d ws86\">31 December<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x686 hf y4692 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x26a hf y4692 ff3 fs9 fc1 sc0 lsee wsf5\">st<span class=\"_ _0\"></span>atem<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x465 hf y4692 ff3 fs9 fc1 sc0 ls18 ws0\">or e<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x42b hf y4692 ff3 fs9 fc1 sc0 ls18b ws186\">tra<span class=\"_ _0\"></span>nsfe<span class=\"_ _0\"></span>rs<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c7 hf y4692 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 hf y4693 ff3 fs9 fc1 sc0 ls111 ws27\">Deferred tax assets<span class=\"_ _0\"></span>/(liabilities)<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m0 x5ef hf y4693 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 xac3 hf y4693 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x433 hf y4693 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c8 hf y4693 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 hf y4693 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c x1cb y4694 w1ee h11a\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">Overseas deferred acquisition<span class=\"_ _1\"></span> expenses</div><div class=\"t m0 x708 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1506 y4694 w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">116<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x153e y4694 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">11<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x153f y4694 w6a h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(6)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1540 y4694 wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1541 y4694 w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">121<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4695 w440 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Dif<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>ce b<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en t<span class=\"_ _0\"></span>he t<span class=\"_ _0\"></span>ax a<span class=\"_ _0\"></span>nd ac<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g val<span class=\"_ _0\"></span>ue of in<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1542 y4695 w153 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">458<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1543 y4695 w4b h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">248<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6cc y4695 w50 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">6<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13a3 y4695 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">24<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x403 y4695 w4b h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">736<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4696 w114 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y4696 w424 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls14a ws164\">UK<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1544 y4696 wc5 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,237<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1545 y4696 w71 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(71)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa4a y4696 w71 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(41)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1546 y4696 w39 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">24<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf86 y4696 w30 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,149<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4697 w114 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y4697 w441 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls52 ws12a\">US<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1547 y4697 w3b h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(779)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1548 y4697 w71 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(21)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1549 y4697 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">47<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13e6 y4697 wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x154a y4697 w3b h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(753)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4698 w114 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c x405 y4698 w442 h11a\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10e ws11c\">Bermuda</div><div class=\"t m0 x1512 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x154b y4698 wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11b5 y4698 w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">340<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x154c y4698 wbf h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x154d y4698 wbf h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x154e y4698 w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">340<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4699 w44c h11b\" colspan=\"2\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Real<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d an<span class=\"_ _0\"></span>d unr<span class=\"_ _0\"></span>eal<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d gai<span class=\"_ _0\"></span>ns o<span class=\"_ _0\"></span>n inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x154f y4699 w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">145<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1550 y4699 w5a h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(49)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1551 y4699 w5a h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(24)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x619 y4699 wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1029 y4699 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">72<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y469a w444 h11b\" colspan=\"2\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>xce<span class=\"_ _0\"></span>ss of d<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>iat<span class=\"_ _0\"></span>ion o<span class=\"_ _0\"></span>ver c<span class=\"_ _0\"></span>ap<span class=\"_ _0\"></span>ita<span class=\"_ _0\"></span>l all<span class=\"_ _0\"></span>owan<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1552 y469a w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">21<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1553 y469a w6a h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(4)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1554 y469a wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14d7 y469a wbf h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xfd4 y469a w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">17<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y469b w445 h11b\" colspan=\"2\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls11e ws5c\">Accounting pr<span class=\"_ _1\"></span>ovisions<span class=\"_ _1\"></span> and o<span class=\"_ _1\"></span>ther<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1555 y469b w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">59<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1556 y469b w50 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">8<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1557 y469b w50 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">9<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1558 y469b w5a h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(24)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1559 y469b w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">52<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y469c w446 h11b\" colspan=\"2\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">T<span class=\"_ _1\"></span>rading<span class=\"_ _1\"></span> losses<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x155a y469c w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">463<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x155b y469c w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">172<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x155c y469c w5a h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(26)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13b5 y469c wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x155d y469c w4b h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">609<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y469d w114 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y469d w424 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls14a ws164\">UK<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x155e y469d wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x155f y469d w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">76<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1560 y469d wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13cb y469d wbf h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x524 y469d w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">76<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y469e w114 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c x405 y469e w447 h11a\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls52 ws12a\">US</div><div class=\"t m0 x152c h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1506 y469e w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">463<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x153e y469e w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">96<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1561 y469e w71 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(26)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1562 y469e wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1563 y469e w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">533<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y469f w44d h11b\" colspan=\"2\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10e ws54\">Pension fund deficit<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1564 y469f wc3 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(26)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1565 y469f w5a h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(15)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14af y469f w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">44<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14b0 y469f wbf h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1566 y469f w50 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y46a0 w44e h11b\" colspan=\"2\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Acquired intangibles<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1567 y46a0 w1e8 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(2)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1568 y46a0 wc0 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(1)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1569 y46a0 wbf h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x156a y46a0 wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x156b y46a0 w6a h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(3)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y46a1 w44f h11b\" colspan=\"2\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls114 ws10d\">Net deferre<span class=\"_ _0\"></span>d tax assets/(liabili<span class=\"_ _0\"></span>ties)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x156c y46a1 wc5 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,234<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x156d y46a1 w42 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">370<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x929 y46a1 w75 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x156e y46a1 wbd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x400 y46a1 w30 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,607<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y434c w114 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y434c w449 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Defe<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>ax as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x156f y434c w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,440<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1570 y434c w42 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">265<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x30b y434c w75 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">9<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13ad y434c wbd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc31 y434c w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,714<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4184 w114 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c x405 y4184 w44a h11a\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls114 ws10d\">Deferre<span class=\"_ _0\"></span>d tax liabilities</div><div class=\"t m0 x1537 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">5<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1571 y4184 w3b h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(206)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1572 y4184 w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">105<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1573 y4184 wc0 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(6)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1574 y4184 wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1575 y4184 w3b h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(107)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w44f h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls114 ws10d\">Net deferre<span class=\"_ _0\"></span>d tax assets/(liabili<span class=\"_ _0\"></span>ties)<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x156c y40ae wc5 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,234<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x156d y40ae w42 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">370<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x929 y40ae w75 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x156e y40ae wbd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x400 y40ae w30 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,607<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"t m0 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs9bb\">1. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span> <span class=\"_ _9\"></span>De<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d ta<span class=\"_ _0\"></span>x as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g on d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n ex<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ate s<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ly t<span class=\"_ _0\"></span>o US b<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs9bc\">2. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>Th<span class=\"_ _0\"></span>e B<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>a de<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d ta<span class=\"_ _0\"></span>x as<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>et r<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es to t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e in<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of a n<span class=\"_ _0\"></span>ew c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>te i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>me t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x re<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e in B<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>, wh<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ch w<span class=\"_ _0\"></span>as e<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d in D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs9bd\">3. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>A de<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d ta<span class=\"_ _0\"></span>x li<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>it<span class=\"_ _3\"></span>y ari<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g on I<span class=\"_ _0\"></span>F<span class=\"_ _0\"></span>RS 9 t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>al a<span class=\"_ _0\"></span>dj<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ts h<span class=\"_ _0\"></span>as b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>fie<span class=\"_ _0\"></span>d fr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>m 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 b<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n t<span class=\"_ _0\"></span>he t<span class=\"_ _0\"></span>ax a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d ac<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g va<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>e of i<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e 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>ts to r<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d a<span class=\"_ _0\"></span>nd </div><div class=\"t m0 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs9be\">un<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>ed g<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>s on i<span class=\"_ _0\"></span>nve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs9bf\">4. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>Th<span class=\"_ _0\"></span>is d<span class=\"_ _0\"></span>ef<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 ass<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t re<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>s to U<span class=\"_ _0\"></span>S op<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g lo<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he l<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e no<span class=\"_ _0\"></span>t ti<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>, an<span class=\"_ _0\"></span>d we e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>o re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ove<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>m ove<span class=\"_ _0\"></span>r a pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d of 15 to 20 ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ate w<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>th t<span class=\"_ _0\"></span>he </div><div class=\"t m0 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs9c0\">lif<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>yc<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>e of th<span class=\"_ _0\"></span>e u<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>rl<span class=\"_ _0\"></span>yi<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g in<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ce c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>. I<span class=\"_ _0\"></span>n re<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>hi<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g thi<span class=\"_ _0\"></span>s c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>, we h<span class=\"_ _0\"></span>ave c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d pa<span class=\"_ _0\"></span>st r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>lt<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, th<span class=\"_ _0\"></span>e di<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>nt b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>is u<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r wh<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>h U<span class=\"_ _0\"></span>S c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e ta<span class=\"_ _0\"></span>xe<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>, te<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y </div><div class=\"t m0 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs9c1\">di<span class=\"_ _0\"></span>ff<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s tha<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>re e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o ge<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te fu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>fit<span class=\"_ _0\"></span>s ag<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>t w<span class=\"_ _0\"></span>hi<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>h th<span class=\"_ _0\"></span>e de<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d ta<span class=\"_ _0\"></span>x c<span class=\"_ _0\"></span>an b<span class=\"_ _0\"></span>e of<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>, ma<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>s, a<span class=\"_ _0\"></span>nd f<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>re p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ofi<span class=\"_ _0\"></span>t fo<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>bi<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y of </div><div class=\"t m0 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs9c2\">de<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d ta<span class=\"_ _0\"></span>x as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s is ro<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>y re<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ew<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>y ma<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs9c3\">5. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>Th<span class=\"_ _0\"></span>e d<span class=\"_ _0\"></span>efe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d ta<span class=\"_ _0\"></span>x l<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>bi<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y is c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>f ba<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>es o<span class=\"_ _0\"></span>f \u00a3197m re<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g to th<span class=\"_ _0\"></span>e U<span class=\"_ _0\"></span>S (20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3: \u00a3<span class=\"_ _0\"></span>107m) wh<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>h is n<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>t ca<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>e of b<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g of<span class=\"_ _0\"></span>fs<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t ag<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>t ot<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>er d<span class=\"_ _0\"></span>ef<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=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h15 ff1 fs5 fc2 sc0 ls18 ws0 gs9c5\">Unre<span class=\"_ _0\"></span>cog<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>ed de<span class=\"_ _0\"></span>fer<span class=\"_ _0\"></span>red t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs9c6\">Th<span class=\"_ _0\"></span>e Group ha<span class=\"_ _0\"></span>s the followin<span class=\"_ _0\"></span>g unre<span class=\"_ _0\"></span>lieve<span class=\"_ _0\"></span>d tax los<span class=\"_ _0\"></span>ses an<span class=\"_ _0\"></span>d dedu<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ble tem<span class=\"_ _0\"></span>por<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y dif<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>ces c<span class=\"_ _0\"></span>arr<span class=\"_ _0\"></span>ied for<span class=\"_ _0\"></span>wa<span class=\"_ _0\"></span>rd as at 31 Dece<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>24. N<span class=\"_ _0\"></span>o deferre<span class=\"_ _0\"></span>d tax<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs9c7\">asse<span class=\"_ _0\"></span>t has bee<span class=\"_ _0\"></span>n rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in respe<span class=\"_ _0\"></span>ct of thes<span class=\"_ _0\"></span>e as at 31 Dece<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>24 (or 31 <span class=\"_ _1\"></span>De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>23), as it is not pro<span class=\"_ _0\"></span>babl<span class=\"_ _0\"></span>e that the<span class=\"_ _0\"></span>re will be sui<span class=\"_ _0\"></span>tabl<span class=\"_ _0\"></span>e </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs9c8\">taxa<span class=\"_ _0\"></span>ble prof<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>s eme<span class=\"_ _0\"></span>rgin<span class=\"_ _0\"></span>g in futu<span class=\"_ _0\"></span>re per<span class=\"_ _0\"></span>iod<span class=\"_ _0\"></span>s agains<span class=\"_ _0\"></span>t whic<span class=\"_ _0\"></span>h to relieve them<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>ese ta<span class=\"_ _0\"></span>x asset<span class=\"_ _0\"></span>s will only b<span class=\"_ _0\"></span>e reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed if it be<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>es prob<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e that </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gs9c9\">suit<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e taxab<span class=\"_ _0\"></span>le prof<span class=\"_ _0\"></span>its will ar<span class=\"_ _0\"></span>ise in fu<span class=\"_ _0\"></span>ture pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>ds<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"gs9ca\"><table class=\"s w372 h1b4\" id=\"_c22e47ff-8e70-43de-873b-e99b67c3601c\"><tr><td></td><td class=\"t m0 x4e6 h13 y46a2 ff5 fs9 fc1 sc0 ls3d ws131\">Gross<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x433 h13 y46a2 ff5 fs9 fc1 sc0 ls54 ws1a6\">Ta<span class=\"_ _0\"></span>x<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x658 hf y46a2 ff3 fs9 fc1 sc0 ls45 ws100\">Gross<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 hf y46a2 ff3 fs9 fc1 sc0 ls116 ws13c\">Ta<span class=\"_ _0\"></span>x<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m0 x430 h13 y46a3 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x431 h13 y46a3 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c6 hf y46a3 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c7 hf y46a3 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m0 xac3 h13 y46a4 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x433 h13 y46a4 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c8 hf y46a4 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 hf y46a4 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c x1cb y468c w450 h11a\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">T<span class=\"_ _1\"></span>rading<span class=\"_ _1\"></span> losses</div><div class=\"t m0 x1576 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x435 y468c w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">297<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1577 y468c w7b h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">67<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1578 y468c w42 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">330<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1579 y468c w39 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">67<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y46a1 w451 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">Capital losses<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x921 y46a1 w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">166<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x157a y46a1 w7b h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">37<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x157b y46a1 w4b h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">157<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10d0 y46a1 w39 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">34<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y465c w452 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>xce<span class=\"_ _0\"></span>ss m<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nse<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x53a y465c w59 h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">9<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x157c y465c w59 h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x157d y465c w75 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">9<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x47c y465c w75 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y465d w453 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Un<span class=\"_ _0\"></span>reli<span class=\"_ _0\"></span>eve<span class=\"_ _0\"></span>d inte<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>t pay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts o<span class=\"_ _0\"></span>n de<span class=\"_ _0\"></span>bt i<span class=\"_ _0\"></span>nst<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x157e y465d w7b h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">14<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13cd y465d wa8 h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x157f y465d w39 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">14<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13cc y465d w50 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ac w454 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">O<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r un<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d defe<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d ta<span class=\"_ _0\"></span>x<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1580 y40ac w7b h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">18<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6b3 y40ac wa8 h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">5<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x40d y40ac w75 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x218 y40ac w50 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w455 h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws23\">Unrecognised deferred tax assets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1581 y40ae w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">504<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1582 y40ae w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">116<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5d3 y40ae w42 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">513<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1583 y40ae w42 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">108<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"t m0 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs9cb\">1. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>T<span class=\"_ _1\"></span>ra<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g lo<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>es i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>es \u00a3<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>m (20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3: \u00a3<span class=\"_ _0\"></span>68<span class=\"_ _0\"></span>m) re<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d to t<span class=\"_ _0\"></span>he U<span class=\"_ _0\"></span>S b<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ss w<span class=\"_ _0\"></span>hi<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>h 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 ex<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ir<span class=\"_ _0\"></span>e be<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n 20<span class=\"_ _0\"></span>26 a<span class=\"_ _0\"></span>nd 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>32<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 h21 ff1 fs10 fc2 sc0 ls77 ws0 gs9cc\">(iv<span class=\"_ _4\"></span>) <span class=\"_ _c\"> </span>C<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>ent ta<span class=\"_ _0\"></span>x \u2013 Cons<span class=\"_ _0\"></span>olid<span class=\"_ _0\"></span>ated Ba<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>nce Sheet<span class=\"_ _3b2\"> </span></div><div class=\"gs9cd\"><table class=\"s w15d h1b5\" id=\"_7f0f7fb1-4208-4f20-a1a3-a5a1fd06e2e9\"><tr><td></td><td class=\"t m0 x1c6 h13 y46a5 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c7 hf y46a5 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m0 x1c8 h13 y46a6 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 hf y46a6 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y462c w456 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">T<span class=\"_ _1\"></span>ax re<span class=\"_ _0\"></span>cove<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ble w<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>hin 12 mont<span class=\"_ _0\"></span>hs<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x65a y462c w7b h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">38<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x907 y462c w39 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">75<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4108 w457 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">T<span class=\"_ _1\"></span>ax re<span class=\"_ _0\"></span>cove<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ble af<span class=\"_ _3\"></span>ter 1<span class=\"_ _1\"></span>2 mo<span class=\"_ _0\"></span>nth<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x209 y4108 w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">819<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x20a y4108 w42 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">810<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y40ae w458 h132\"><div class=\"t m0 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws0\">Cu<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt 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</div><div class=\"t m0 x1584 h91 y418a ff5 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x420 y434d w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">857<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x421 y434d w42 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">885<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"t m0 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs9ce\">1. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>Of t<span class=\"_ _0\"></span>he t<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>al c<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>ax a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t, \u00a3<span class=\"_ _0\"></span>819m (2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>23<span class=\"_ _0\"></span>: \u00a38<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>m) rel<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es to a<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ts r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ove<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>e in r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t of w<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>ld<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ng t<span class=\"_ _0\"></span>ax r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>ms a<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>bu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le t<span class=\"_ _0\"></span>o un<span class=\"_ _0\"></span>it l<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>ke<span class=\"_ _0\"></span>d fu<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ds<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"gs9cf\"><table class=\"s w459 h1b6\" id=\"_c62cc4d8-ee41-4aa7-a1fd-e18f9170edfb\"><tr><td></td><td class=\"t m0 x1c6 h13 y46a7 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c7 hf y46a7 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m0 x1c8 h13 y46a8 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 hf y46a8 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y46a9 w45a h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">T<span class=\"_ _1\"></span>ax du<span class=\"_ _0\"></span>e wit<span class=\"_ _0\"></span>hin 12 mon<span class=\"_ _0\"></span>ths<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1585 y46a9 w59 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x924 y46a9 w50 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4158 w45b h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">T<span class=\"_ _1\"></span>ax du<span class=\"_ _0\"></span>e af<span class=\"_ _0\"></span>ter 12 mont<span class=\"_ _0\"></span>hs<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1586 y4158 w4a h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">116<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x90b y4158 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">75<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w45c h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws23\">Current tax liabilities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3c8 y40ae w4a h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">118<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x90b y40ae w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">77<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"t m0 h21 ff1 fs10 fc2 sc0 ls131 ws148 gs9d0\">(<span class=\"_ _1\"></span>v<span class=\"_ _1\"></span>) <span class=\"_ _2c\"> </span>Tax (<span class=\"_ _1\"></span>credited<span class=\"_ _1\"></span>)/<span class=\"_ _4\"></span>char<span class=\"_ _0\"></span>ged directly in equit<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div><div class=\"gs9d1\"><table class=\"s w45d h1b7\" id=\"_0fea7c71-430e-4927-91d9-e67175f4eebc\"><tr><td></td><td class=\"t m0 x1c6 h13 y46aa ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c7 hf y46aa ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m0 x1c8 h13 y46ab ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 hf y46ab ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y465d w45e h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Cur<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>nt ta<span class=\"_ _0\"></span>x<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1587 y465d w6d h11b\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(7)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x347 y465d wc0 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(7)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ac w45f h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10d ws141\">De<span class=\"_ _0\"></span>fer<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d ta<span class=\"_ _0\"></span>x<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb64 y40ac w6d h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(2)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1588 y40ac w6a h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(1)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w460 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws23\">T<span class=\"_ _1\"></span>ax<span class=\"_ _1\"></span> (<span class=\"_ _1\"></span>credit)/<span class=\"_ _1\"></span>charge recognised<span class=\"_ _1\"></span> directly in equity<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1589 y40ae w67 h11b\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(9)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x158a y40ae w6a h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(8)</div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-661": {
   "value": "(iii) <span class=\"_ _20\"> </span>Deferr<span class=\"_ _0\"></span>ed ta<span class=\"_ _0\"></span>x \u2013 C<span class=\"_ _0\"></span>onsol<span class=\"_ _0\"></span>idated B<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e Sheet<span class=\"_ _3b2\"> </span>Defer<span class=\"_ _0\"></span>red ta<span class=\"_ _0\"></span>x asse<span class=\"_ _0\"></span>ts and liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es have bee<span class=\"_ _0\"></span>n rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d/(p<span class=\"_ _0\"></span>rovid<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>) for tempo<span class=\"_ _0\"></span>rar<span class=\"_ _3\"></span>y diffe<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>ces an<span class=\"_ _0\"></span>d unuse<span class=\"_ _0\"></span>d tax lo<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>s. Th<span class=\"_ _0\"></span>e rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>n of deferre<span class=\"_ _0\"></span>d tax as<span class=\"_ _0\"></span>sets i<span class=\"_ _0\"></span>n resp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t of temp<span class=\"_ _0\"></span>ora<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y dif<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>ces a<span class=\"_ _0\"></span>nd ta<span class=\"_ _0\"></span>x los<span class=\"_ _0\"></span>ses are s<span class=\"_ _0\"></span>upp<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>ted by mana<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t\u2019s be<span class=\"_ _0\"></span>st es<span class=\"_ _0\"></span>timate of fu<span class=\"_ _0\"></span>ture t<span class=\"_ _0\"></span>axab<span class=\"_ _0\"></span>le pr<span class=\"_ _0\"></span>ofi<span class=\"_ _0\"></span>ts to abso<span class=\"_ _0\"></span>rb the los<span class=\"_ _0\"></span>ses in fu<span class=\"_ _0\"></span>ture yea<span class=\"_ _0\"></span>rs. D<span class=\"_ _0\"></span>eferr<span class=\"_ _0\"></span>ed tax as<span class=\"_ _0\"></span>sets an<span class=\"_ _0\"></span>d liabili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s prese<span class=\"_ _0\"></span>nted on the C<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>olid<span class=\"_ _0\"></span>ated Bal<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e She<span class=\"_ _0\"></span>et have be<span class=\"_ _0\"></span>en of<span class=\"_ _0\"></span>fse<span class=\"_ _0\"></span>t to the exten<span class=\"_ _0\"></span>t it is per<span class=\"_ _0\"></span>mis<span class=\"_ _0\"></span>sibl<span class=\"_ _0\"></span>e und<span class=\"_ _0\"></span>er the rel<span class=\"_ _0\"></span>evant ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>unti<span class=\"_ _0\"></span>ng sta<span class=\"_ _0\"></span>ndar<span class=\"_ _0\"></span>ds. T<span class=\"_ _0\"></span>he net m<span class=\"_ _0\"></span>oveme<span class=\"_ _0\"></span>nt in defer<span class=\"_ _0\"></span>red ta<span class=\"_ _0\"></span>x asse<span class=\"_ _0\"></span>ts and liabi<span class=\"_ _0\"></span>liti<span class=\"_ _0\"></span>es dur<span class=\"_ _0\"></span>ing the ye<span class=\"_ _0\"></span>ar is as follows:<span class=\"_ _3b2\"> </span><table class=\"s w36e h1b2\" id=\"_af2011ab-e4e7-4f1c-8e61-df2267f5bbfc\"><tr><td></td><td></td><td></td><td class=\"t m0 x896 h13 y4679 ff5 fs9 fc1 sc0 ls54 ws1a6\">Ta<span class=\"_ _0\"></span>x<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x433 h13 y4679 ff5 fs9 fc1 sc0 ls54 ws1a6\">Ta<span class=\"_ _0\"></span>x<span class=\"_ _3b2\"> </span></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"t m0 x4e5 h13 y467a ff5 fs9 fc1 sc0 ls3c ws4c\">Net tax<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x94b h13 y467a ff5 fs9 fc1 sc0 ls3d ws131\">(<span class=\"_ _1\"></span>charged)/<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x493 h13 y467a ff5 fs9 fc1 sc0 ls3d ws131\">(<span class=\"_ _1\"></span>charged)/<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m0 x75c h13 y467a ff5 fs9 fc1 sc0 ls3c ws4c\">Net tax<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 xa9e h13 y467b ff5 fs9 fc1 sc0 ls18 ws0\">as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t as a<span class=\"_ _0\"></span>t </td><td class=\"t m0 x1436 h13 y467b ff5 fs9 fc1 sc0 ls3b ws4d\">credited to<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x465 h13 y467b ff5 fs9 fc1 sc0 ls3b ws45\">credited<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x9fa h13 y467b ff5 fs9 fc1 sc0 ls37 ws7\">Acquisiti<span class=\"_ _1\"></span>ons/<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1504 h13 y467b ff5 fs9 fc1 sc0 ls18 ws0\">as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t as a<span class=\"_ _0\"></span>t </td></tr><tr><td></td><td></td><td class=\"t m0 x1505 h13 y467c ff5 fs9 fc1 sc0 ls14a ws163\">1 January<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x42d h13 y467c ff5 fs9 fc1 sc0 ls14a ws163\">the income<span class=\"_ _3b2\"> </span></td><td class=\"t m0 xb0f h13 y467c ff6 fs9 fc1 sc0 ls18 ws32\">to OC<span class=\"_ _0\"></span>I<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x94c h13 y467c ff5 fs9 fc1 sc0 ls38 ws3a\">disposals/<span class=\"_ _3b2\"> </span></td><td class=\"t m0 xb13 h13 y467c ff5 fs9 fc1 sc0 ls3d ws86\">31<span class=\"_ _1\"></span> December<span class=\"ls1 ws0\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x686 h13 y467d ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x26a h13 y467d ff5 fs9 fc1 sc0 ls12b ws40\">statemen<span class=\"_ _1\"></span>t<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x5af h13 y467d ff5 fs9 fc1 sc0 ls18 ws0\">or e<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></td><td class=\"t m0 xac7 h13 y467d ff5 fs9 fc1 sc0 ls37 ws7\">transfers<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c7 h13 y467d ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"ls1 ws0\"> </span></td></tr><tr><td class=\"t m0 x206 h13 y467e ff5 fs9 fc1 sc0 ls88 ws2a\">Deferred tax assets/(liabilities)<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m0 x5ef h13 y467e ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 xac3 h13 y467e ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x433 h13 y467e ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c8 h13 y467e ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 h13 y467e ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c x1cb y467f w1ee h11a\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">Overseas deferred acquisition<span class=\"_ _1\"></span> expenses</div><div class=\"t m0 x708 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1506 y4680 w4a h118\"><div class=\"t m0 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">121<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1507 y4680 w7b h118\"><div class=\"t m0 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">13<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1508 y4680 w59 h118\"><div class=\"t m0 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1509 y4680 wa5 h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x150a y4680 w4a h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">136<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4681 w440 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Dif<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>ce b<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en t<span class=\"_ _0\"></span>he t<span class=\"_ _0\"></span>ax a<span class=\"_ _0\"></span>nd ac<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g val<span class=\"_ _0\"></span>ue of in<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x150b y4681 w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">736<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7fc y4681 w3a h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(315)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa5f y4681 w41 h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(41)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x20e y4681 w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">237<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x150c y4681 w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">617<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4682 w114 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y4682 w424 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls14a ws164\">UK<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x150d y4682 w36 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">1,149<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe82 y4682 w3a h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(129)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13cd y4682 wa8 h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x150e y4682 w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">237<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1466 y4682 w36 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">1,258<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4683 w114 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y4683 w441 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls52 ws12a\">US<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6b6 y4683 w3a h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(753)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10af y4683 w3a h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(186)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x150f y4683 w41 h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(42)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1510 y4683 wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1511 y4683 w3a h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(981)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4684 w114 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c x405 y4684 w442 h11a\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10e ws11c\">Bermuda</div><div class=\"t m0 x1512 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1506 y4660 w4a h118\"><div class=\"t m0 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">340<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1513 y4660 wa5 h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1514 y4660 wa5 h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1515 y4660 wa5 h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1516 y4660 w4a h118\"><div class=\"t m0 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">340<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y4685 w443 h11a\" colspan=\"2\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Real<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d an<span class=\"_ _0\"></span>d unr<span class=\"_ _0\"></span>eal<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d gai<span class=\"_ _0\"></span>ns o<span class=\"_ _0\"></span>n inve<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts</div><div class=\"t m0 x1517 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1518 y4686 w7b h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">72<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1519 y4686 w7b h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">68<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x151a y4686 w70 h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">65<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x151b y4686 w3a h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">(237)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x151c y4686 waf h118\"><div class=\"t m0 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">(32)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4687 w444 h118\" colspan=\"2\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>xce<span class=\"_ _0\"></span>ss of d<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>iat<span class=\"_ _0\"></span>ion o<span class=\"_ _0\"></span>ver c<span class=\"_ _0\"></span>ap<span class=\"_ _0\"></span>ita<span class=\"_ _0\"></span>l all<span class=\"_ _0\"></span>owan<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x151d y4687 w246 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">17<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x151e y4687 w41 h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(28)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x151f y4687 wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14f9 y4687 w67 h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(2)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1520 y4687 waf h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(13)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4688 w445 h118\" colspan=\"2\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls11e ws5c\">Accounting pr<span class=\"_ _1\"></span>ovisions<span class=\"_ _1\"></span> and o<span class=\"_ _1\"></span>ther<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1521 y4688 w7b h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">52<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1522 y4688 w41 h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(29)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1523 y4688 w41 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(26)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x83b y4688 w70 h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">14<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1524 y4688 w7b h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">11<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4689 w446 h118\" colspan=\"2\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">T<span class=\"_ _1\"></span>rading<span class=\"_ _1\"></span> losses<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1525 y4689 w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">609<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1526 y4689 w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">205<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1527 y4689 w7b h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">11<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1528 y4689 wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb0d y4689 w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">825<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y468a w114 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y468a w424 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls14a ws164\">UK<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x151d y468a w246 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">76<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1529 y468a w70 h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">94<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x152a y468a wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x152b y468a wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xaf1 y468a w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">170<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y468b w114 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c x405 y468b w447 h11a\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls52 ws12a\">US</div><div class=\"t m0 x152c h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1506 y468c w4a h118\"><div class=\"t m0 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">533<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x152d y468c w4a h118\"><div class=\"t m0 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">111<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x152e y468c w70 h118\"><div class=\"t m0 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">11<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x152f y468c wa5 h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1530 y468c w4a h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">655<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y468d w448 h118\" colspan=\"2\"><div class=\"t m0 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls1 ws23\">Net deferred tax assets/<span class=\"_ _1\"></span>(liabiliti<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1531 y468d w36 h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">1,607<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xeed y468d w41 h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">(86)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1532 y468d w70 h118\"><div class=\"t m0 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">11<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3e5 y468d w7b h118\"><div class=\"t m0 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">12<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x149a y468d w36 h118\"><div class=\"t m0 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">1,544<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y419e w114 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y419e w449 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Defe<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>ax as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1533 y419e w36 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">1,714<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1529 y419e w70 h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">15<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1534 y419e w7b h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">12<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1535 y419e wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1536 y419e w36 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">1,741<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4108 w114 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c x405 y4108 w44a h11a\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls114 ws10d\">Deferre<span class=\"_ _0\"></span>d tax liabilities</div><div class=\"t m0 x1537 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">5<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1538 y4158 w3a h11b\"><div class=\"t m0 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">(107)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1539 y4158 w3a h11b\"><div class=\"t m0 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls56 ws55\">(101)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x153a y4158 w67 h11b\"><div class=\"t m0 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls56 ws55\">(1)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x153b y4158 w7b h11b\"><div class=\"t m0 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls56 ws55\">12<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x153c y4158 w3a h11b\"><div class=\"t m0 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">(197)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w448 h11b\"><div class=\"t m0 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls1 ws23\">Net deferred tax assets/<span class=\"_ _1\"></span>(liabiliti<span class=\"_ _1\"></span>es<span class=\"_ _1\"></span>)<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1531 y40ae w36 h11b\"><div class=\"t m0 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">1,607<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xeed y40ae w41 h11b\"><div class=\"t m0 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">(86)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1532 y40ae w70 h11b\"><div class=\"t m0 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls56 ws55\">11<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3e5 y40ae w7b h11b\"><div class=\"t m0 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls56 ws55\">12<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x149a y40ae w36 h11b\"><div class=\"t m0 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">1,544<span class=\"_ _3b2\"> </span></div></td></tr></table><table class=\"s w44b h1b3\" id=\"_78384457-b8dd-4ea3-ac31-96454b9ee792\"><tr><td></td><td></td><td></td><td class=\"t m0 xac3 hf y468e ff3 fs9 fc1 sc0 ls116 ws13c\">Ta<span class=\"_ _0\"></span>x<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x433 hf y468e ff3 fs9 fc1 sc0 ls116 ws13c\">Ta<span class=\"_ _0\"></span>x<span class=\"_ _3b2\"> </span></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"t m0 x4e5 hf y468f ff3 fs9 fc1 sc0 ls18 ws0\">Ne<span class=\"_ _0\"></span>t ta<span class=\"_ _0\"></span>x<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x26a hf y468f ff3 fs9 fc1 sc0 ls32 wsf3\">(ch<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>)/<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x26f hf y468f ff3 fs9 fc1 sc0 ls32 wsf3\">(ch<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>)/<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m0 x153d hf y468f ff3 fs9 fc1 sc0 ls18 ws0\">Ne<span class=\"_ _0\"></span>t ta<span class=\"_ _0\"></span>x<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 xac8 hf y4690 ff3 fs9 fc1 sc0 ls1 ws16\">asset as<span class=\"_ _1\"></span> at </td><td class=\"t m0 x26a hf y4690 ff3 fs9 fc1 sc0 lsee ws183\">cre<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d to<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x27e hf y4690 ff3 fs9 fc1 sc0 ls3b ws45\">credit<span class=\"_ _1\"></span>ed<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x9f7 hf y4690 ff3 fs9 fc1 sc0 ls168 ws183\">Acquisitions/<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x13db hf y4690 ff3 fs9 fc1 sc0 ls1 ws16\">asset as<span class=\"_ _1\"></span> at </td></tr><tr><td></td><td></td><td class=\"t m0 x8d0 hf y4691 ff3 fs9 fc1 sc0 ls187 ws41\">1 January<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1436 hf y4691 ff3 fs9 fc1 sc0 ls29 wsf7\">the income<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x42e hf y4691 ff3 fs9 fc1 sc0 lsee ws183\">to OC<span class=\"_ _0\"></span>I<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x615 hf y4691 ff3 fs9 fc1 sc0 ls168 ws183\">disposals/<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x8d4 hf y4691 ff3 fs9 fc1 sc0 ls3d ws86\">31 December<span class=\"_ _1\"></span><span class=\"ls1 ws0\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x686 hf y4692 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x26a hf y4692 ff3 fs9 fc1 sc0 lsee wsf5\">st<span class=\"_ _0\"></span>atem<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x465 hf y4692 ff3 fs9 fc1 sc0 ls18 ws0\">or e<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x42b hf y4692 ff3 fs9 fc1 sc0 ls18b ws186\">tra<span class=\"_ _0\"></span>nsfe<span class=\"_ _0\"></span>rs<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c7 hf y4692 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 hf y4693 ff3 fs9 fc1 sc0 ls111 ws27\">Deferred tax assets<span class=\"_ _0\"></span>/(liabilities)<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m0 x5ef hf y4693 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 xac3 hf y4693 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x433 hf y4693 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c8 hf y4693 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 hf y4693 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c x1cb y4694 w1ee h11a\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">Overseas deferred acquisition<span class=\"_ _1\"></span> expenses</div><div class=\"t m0 x708 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1506 y4694 w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">116<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x153e y4694 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">11<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x153f y4694 w6a h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(6)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1540 y4694 wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1541 y4694 w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">121<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4695 w440 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Dif<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>ce b<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en t<span class=\"_ _0\"></span>he t<span class=\"_ _0\"></span>ax a<span class=\"_ _0\"></span>nd ac<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g val<span class=\"_ _0\"></span>ue of in<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1542 y4695 w153 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">458<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1543 y4695 w4b h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">248<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6cc y4695 w50 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">6<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13a3 y4695 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">24<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x403 y4695 w4b h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">736<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4696 w114 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y4696 w424 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls14a ws164\">UK<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1544 y4696 wc5 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,237<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1545 y4696 w71 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(71)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa4a y4696 w71 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(41)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1546 y4696 w39 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">24<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf86 y4696 w30 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,149<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4697 w114 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y4697 w441 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls52 ws12a\">US<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1547 y4697 w3b h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(779)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1548 y4697 w71 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(21)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1549 y4697 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">47<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13e6 y4697 wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x154a y4697 w3b h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(753)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4698 w114 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c x405 y4698 w442 h11a\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10e ws11c\">Bermuda</div><div class=\"t m0 x1512 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x154b y4698 wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11b5 y4698 w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">340<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x154c y4698 wbf h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x154d y4698 wbf h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x154e y4698 w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">340<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4699 w44c h11b\" colspan=\"2\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Real<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d an<span class=\"_ _0\"></span>d unr<span class=\"_ _0\"></span>eal<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d gai<span class=\"_ _0\"></span>ns o<span class=\"_ _0\"></span>n inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x154f y4699 w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">145<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1550 y4699 w5a h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(49)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1551 y4699 w5a h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(24)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x619 y4699 wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1029 y4699 w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">72<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y469a w444 h11b\" colspan=\"2\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>xce<span class=\"_ _0\"></span>ss of d<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>iat<span class=\"_ _0\"></span>ion o<span class=\"_ _0\"></span>ver c<span class=\"_ _0\"></span>ap<span class=\"_ _0\"></span>ita<span class=\"_ _0\"></span>l all<span class=\"_ _0\"></span>owan<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1552 y469a w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">21<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1553 y469a w6a h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(4)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1554 y469a wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14d7 y469a wbf h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xfd4 y469a w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">17<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y469b w445 h11b\" colspan=\"2\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls11e ws5c\">Accounting pr<span class=\"_ _1\"></span>ovisions<span class=\"_ _1\"></span> and o<span class=\"_ _1\"></span>ther<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1555 y469b w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">59<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1556 y469b w50 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">8<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1557 y469b w50 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">9<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1558 y469b w5a h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(24)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1559 y469b w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">52<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y469c w446 h11b\" colspan=\"2\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">T<span class=\"_ _1\"></span>rading<span class=\"_ _1\"></span> losses<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x155a y469c w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">463<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x155b y469c w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">172<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x155c y469c w5a h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(26)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13b5 y469c wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x155d y469c w4b h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">609<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y469d w114 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y469d w424 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls14a ws164\">UK<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x155e y469d wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x155f y469d w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">76<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1560 y469d wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13cb y469d wbf h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x524 y469d w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">76<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y469e w114 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c x405 y469e w447 h11a\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls52 ws12a\">US</div><div class=\"t m0 x152c h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1506 y469e w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">463<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x153e y469e w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">96<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1561 y469e w71 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(26)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1562 y469e wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1563 y469e w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">533<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y469f w44d h11b\" colspan=\"2\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10e ws54\">Pension fund deficit<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1564 y469f wc3 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(26)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1565 y469f w5a h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(15)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14af y469f w39 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">44<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14b0 y469f wbf h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1566 y469f w50 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y46a0 w44e h11b\" colspan=\"2\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Acquired intangibles<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1567 y46a0 w1e8 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(2)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1568 y46a0 wc0 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(1)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1569 y46a0 wbf h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x156a y46a0 wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x156b y46a0 w6a h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(3)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y46a1 w44f h11b\" colspan=\"2\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls114 ws10d\">Net deferre<span class=\"_ _0\"></span>d tax assets/(liabili<span class=\"_ _0\"></span>ties)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x156c y46a1 wc5 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,234<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x156d y46a1 w42 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">370<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x929 y46a1 w75 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x156e y46a1 wbd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x400 y46a1 w30 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,607<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y434c w114 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y434c w449 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Defe<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>ax as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ts<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x156f y434c w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,440<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1570 y434c w42 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">265<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x30b y434c w75 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">9<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13ad y434c wbd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xc31 y434c w37 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,714<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4184 w114 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c x405 y4184 w44a h11a\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls114 ws10d\">Deferre<span class=\"_ _0\"></span>d tax liabilities</div><div class=\"t m0 x1537 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">5<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1571 y4184 w3b h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(206)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1572 y4184 w42 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">105<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1573 y4184 wc0 h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(6)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1574 y4184 wbd h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1575 y4184 w3b h11b\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(107)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w44f h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls114 ws10d\">Net deferre<span class=\"_ _0\"></span>d tax assets/(liabili<span class=\"_ _0\"></span>ties)<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x156c y40ae wc5 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,234<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x156d y40ae w42 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">370<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x929 y40ae w75 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x156e y40ae wbd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x400 y40ae w30 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,607<span class=\"_ _3b2\"> </span></div></td></tr></table>1. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span> <span class=\"_ _9\"></span>De<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d ta<span class=\"_ _0\"></span>x as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g on d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>ed a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n ex<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ate s<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ly t<span class=\"_ _0\"></span>o US b<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>2. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>Th<span class=\"_ _0\"></span>e B<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>a de<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d ta<span class=\"_ _0\"></span>x as<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>et r<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es to t<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>e in<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of a n<span class=\"_ _0\"></span>ew c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>te i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>me t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x re<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e in B<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>, wh<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ch w<span class=\"_ _0\"></span>as e<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d in D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3.<span class=\"_ _3b2\"> </span>3. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>A de<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d ta<span class=\"_ _0\"></span>x li<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>it<span class=\"_ _3\"></span>y ari<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g on I<span class=\"_ _0\"></span>F<span class=\"_ _0\"></span>RS 9 t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>al a<span class=\"_ _0\"></span>dj<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ts h<span class=\"_ _0\"></span>as b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>fie<span class=\"_ _0\"></span>d fr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>m 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 b<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n t<span class=\"_ _0\"></span>he t<span class=\"_ _0\"></span>ax a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d ac<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g va<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>e of i<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e 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>ts to r<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d a<span class=\"_ _0\"></span>nd un<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>ed g<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>s on i<span class=\"_ _0\"></span>nve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s.<span class=\"_ _3b2\"> </span>4. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>Th<span class=\"_ _0\"></span>is d<span class=\"_ _0\"></span>ef<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 ass<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t re<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>s to U<span class=\"_ _0\"></span>S op<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g lo<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he l<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e no<span class=\"_ _0\"></span>t ti<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>, an<span class=\"_ _0\"></span>d we e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t t<span class=\"_ _0\"></span>o re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ove<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>m ove<span class=\"_ _0\"></span>r a pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d of 15 to 20 ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ate w<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>th t<span class=\"_ _0\"></span>he lif<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>yc<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>e of th<span class=\"_ _0\"></span>e u<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>rl<span class=\"_ _0\"></span>yi<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g in<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ce c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>. I<span class=\"_ _0\"></span>n re<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>hi<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g thi<span class=\"_ _0\"></span>s c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>, we h<span class=\"_ _0\"></span>ave c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d pa<span class=\"_ _0\"></span>st r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>lt<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>, th<span class=\"_ _0\"></span>e di<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>nt b<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>is u<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r wh<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>h U<span class=\"_ _0\"></span>S c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s ar<span class=\"_ _0\"></span>e ta<span class=\"_ _0\"></span>xe<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>, te<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y di<span class=\"_ _0\"></span>ff<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s tha<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>re e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>o ge<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te fu<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>fit<span class=\"_ _0\"></span>s ag<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>t w<span class=\"_ _0\"></span>hi<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>h th<span class=\"_ _0\"></span>e de<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d ta<span class=\"_ _0\"></span>x c<span class=\"_ _0\"></span>an b<span class=\"_ _0\"></span>e of<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>, ma<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t a<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>s, a<span class=\"_ _0\"></span>nd f<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>re p<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ofi<span class=\"_ _0\"></span>t fo<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>bi<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y of de<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d ta<span class=\"_ _0\"></span>x as<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s is ro<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>y re<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ew<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>y ma<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>5. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>Th<span class=\"_ _0\"></span>e d<span class=\"_ _0\"></span>efe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d ta<span class=\"_ _0\"></span>x l<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>bi<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y is c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>f ba<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>es o<span class=\"_ _0\"></span>f \u00a3197m re<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g to th<span class=\"_ _0\"></span>e U<span class=\"_ _0\"></span>S (20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3: \u00a3<span class=\"_ _0\"></span>107m) wh<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>h is n<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>t ca<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>e of b<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g of<span class=\"_ _0\"></span>fs<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t ag<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>t ot<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>er d<span class=\"_ _0\"></span>ef<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=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Unre<span class=\"_ _0\"></span>cog<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>ed de<span class=\"_ _0\"></span>fer<span class=\"_ _0\"></span>red t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x a<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Group ha<span class=\"_ _0\"></span>s the followin<span class=\"_ _0\"></span>g unre<span class=\"_ _0\"></span>lieve<span class=\"_ _0\"></span>d tax los<span class=\"_ _0\"></span>ses an<span class=\"_ _0\"></span>d dedu<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ble tem<span class=\"_ _0\"></span>por<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y dif<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>ces c<span class=\"_ _0\"></span>arr<span class=\"_ _0\"></span>ied for<span class=\"_ _0\"></span>wa<span class=\"_ _0\"></span>rd as at 31 Dece<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>24. N<span class=\"_ _0\"></span>o deferre<span class=\"_ _0\"></span>d tax<span class=\"_ _0\"></span> asse<span class=\"_ _0\"></span>t has bee<span class=\"_ _0\"></span>n rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in respe<span class=\"_ _0\"></span>ct of thes<span class=\"_ _0\"></span>e as at 31 Dece<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>24 (or 31 <span class=\"_ _1\"></span>De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>23), as it is not pro<span class=\"_ _0\"></span>babl<span class=\"_ _0\"></span>e that the<span class=\"_ _0\"></span>re will be sui<span class=\"_ _0\"></span>tabl<span class=\"_ _0\"></span>e taxa<span class=\"_ _0\"></span>ble prof<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>s eme<span class=\"_ _0\"></span>rgin<span class=\"_ _0\"></span>g in futu<span class=\"_ _0\"></span>re per<span class=\"_ _0\"></span>iod<span class=\"_ _0\"></span>s agains<span class=\"_ _0\"></span>t whic<span class=\"_ _0\"></span>h to relieve them<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>ese ta<span class=\"_ _0\"></span>x asset<span class=\"_ _0\"></span>s will only b<span class=\"_ _0\"></span>e reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed if it be<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>es prob<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e that suit<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e taxab<span class=\"_ _0\"></span>le prof<span class=\"_ _0\"></span>its will ar<span class=\"_ _0\"></span>ise in fu<span class=\"_ _0\"></span>ture pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>ds<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span><table class=\"s w372 h1b4\" id=\"_c22e47ff-8e70-43de-873b-e99b67c3601c\"><tr><td></td><td class=\"t m0 x4e6 h13 y46a2 ff5 fs9 fc1 sc0 ls3d ws131\">Gross<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x433 h13 y46a2 ff5 fs9 fc1 sc0 ls54 ws1a6\">Ta<span class=\"_ _0\"></span>x<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x658 hf y46a2 ff3 fs9 fc1 sc0 ls45 ws100\">Gross<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 hf y46a2 ff3 fs9 fc1 sc0 ls116 ws13c\">Ta<span class=\"_ _0\"></span>x<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m0 x430 h13 y46a3 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x431 h13 y46a3 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c6 hf y46a3 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c7 hf y46a3 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m0 xac3 h13 y46a4 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x433 h13 y46a4 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c8 hf y46a4 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 hf y46a4 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c x1cb y468c w450 h11a\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">T<span class=\"_ _1\"></span>rading<span class=\"_ _1\"></span> losses</div><div class=\"t m0 x1576 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x435 y468c w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">297<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1577 y468c w7b h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">67<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1578 y468c w42 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">330<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1579 y468c w39 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">67<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y46a1 w451 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">Capital losses<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x921 y46a1 w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">166<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x157a y46a1 w7b h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">37<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x157b y46a1 w4b h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">157<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x10d0 y46a1 w39 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">34<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y465c w452 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>xce<span class=\"_ _0\"></span>ss m<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nse<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x53a y465c w59 h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">9<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x157c y465c w59 h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x157d y465c w75 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">9<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x47c y465c w75 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y465d w453 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Un<span class=\"_ _0\"></span>reli<span class=\"_ _0\"></span>eve<span class=\"_ _0\"></span>d inte<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>t pay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts o<span class=\"_ _0\"></span>n de<span class=\"_ _0\"></span>bt i<span class=\"_ _0\"></span>nst<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x157e y465d w7b h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">14<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13cd y465d wa8 h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x157f y465d w39 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">14<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13cc y465d w50 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ac w454 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">O<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r un<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d defe<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d ta<span class=\"_ _0\"></span>x<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1580 y40ac w7b h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">18<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6b3 y40ac wa8 h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">5<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x40d y40ac w75 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x218 y40ac w50 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w455 h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws23\">Unrecognised deferred tax assets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1581 y40ae w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">504<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1582 y40ae w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">116<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5d3 y40ae w42 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">513<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1583 y40ae w42 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">108<span class=\"_ _3b2\"> </span></div></td></tr></table>1. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>T<span class=\"_ _1\"></span>ra<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g lo<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>es i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>es \u00a3<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>m (20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3: \u00a3<span class=\"_ _0\"></span>68<span class=\"_ _0\"></span>m) re<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d to t<span class=\"_ _0\"></span>he U<span class=\"_ _0\"></span>S b<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ss w<span class=\"_ _0\"></span>hi<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>h 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 ex<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ir<span class=\"_ _0\"></span>e be<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n 20<span class=\"_ _0\"></span>26 a<span class=\"_ _0\"></span>nd 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>32<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDeferredTaxesExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-611": {
   "value": "<div class=\"t m2 he ff1 fs8 fc2 sc0 ls2f ws37 gs9d5\">32<span class=\"ls8f ws94\">.<span class=\"_ _0\"></span> <span class=\"_ _13\"> </span>Empl<span class=\"_ _0\"></span>oyee<span class=\"_ _0\"></span> i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>for<span class=\"_ _3\"></span>mat<span class=\"_ _3\"></span>ion<span class=\"_ _3b2\"> </span></span></div><div class=\"gs9d6\"><table class=\"s w469 h1b9\" id=\"_6d616d5b-1edf-4523-b7bb-3e598f411fb3\"><tr><td></td><td class=\"c n x3cb y46b0 w103 h128\"><div class=\"t m2 x1ca hf y415b ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x418 y46b1 w104 h11e\"><div class=\"t m2 x1ca hf y40a7 ff3 fs9 fc1 sc0 ls29 ws30\">20<span class=\"_ _0\"></span>23<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 hb y46b2 ff6 fs6 fc1 sc0 ls56 ws55\">Mo<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>ly ave<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ge nu<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r of st<span class=\"_ _0\"></span>af<span class=\"_ _0\"></span>f em<span class=\"_ _0\"></span>pl<span class=\"_ _0\"></span>oye<span class=\"_ _0\"></span>d du<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ng th<span class=\"_ _0\"></span>e yea<span class=\"_ _0\"></span>r:<span class=\"_ _3b2\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1cb y40c1 w424 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls14a ws164\">UK<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x256 y40c1 w93 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">10,512<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x257 y40c1 w3e h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">10,670<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y419a w258 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls52 ws12a\">USA<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x250 y419a w36 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,202<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x251 y419a w30 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,132<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4183 w252 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">Europe<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1591 y4183 w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">71<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1592 y4183 w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">66<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4184 w141 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 lsea ws122\">Othe<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x908 y4184 w70 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">91<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x360 y4184 w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">88<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y40ad w46a h132\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls12e wsca\">Worldwide<span class=\"_ _1\"></span> employ<span class=\"_ _1\"></span>ees</div><div class=\"t m2 x1593 h91 y418a ff5 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa53 y40ae w2f h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\"><span>11,876<span class=\"_ _3b2\"> </span></span></div></td><td class=\"c n x13d8 y40ae w3e h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">11,956<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"gs9d7\"><table class=\"s w46b h1ba\" id=\"_d42d9210-5be8-4bcb-abb1-194fce55afb6\"><tr><td></td><td></td><td class=\"t m2 x1c6 h13 y46b3 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y46b3 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x42e hf y46b4 ff3 fs9 fc1 sc0 lsee wsf5\">Note<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 h13 y46b4 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y46b4 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y40c0 w46c h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">Wages and salaries<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1d2 y40c0 w36 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,012<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1d3 y40c0 w37 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,004<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4180 w46d h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">So<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>al se<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>uri<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y c<span class=\"_ _0\"></span>ost<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x903 y4180 w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">112<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x233 y4180 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">111<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4182 w46e h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Share<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>based incentive awards<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1594 y4182 w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">33<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1595 y4182 w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">72<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1200 y4182 w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">59<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4183 w46f h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws23\">Defined bene<span class=\"_ _1\"></span>fit pension<span class=\"_ _1\"></span> costs<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1596 y4183 w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">24<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1597 y4183 w59 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x25f y4183 w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">33<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4122 w470 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">Defined contribu<span class=\"_ _0\"></span>tion pension costs<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1598 y4122 w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">24<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1599 y4122 w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">109<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa09 y4122 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">102<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w471 h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws23\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> employee<span class=\"_ _1\"></span> related expenses<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x159a y40ae w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,309<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf86 y40ae w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,309<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gs9d8\">1. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>1<span class=\"_ _1\"></span>1,8<span class=\"_ _0\"></span>76 wo<span class=\"_ _0\"></span>rl<span class=\"_ _0\"></span>dw<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>e e<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>oye<span class=\"_ _0\"></span>es r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>fle<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ge h<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>is d<span class=\"_ _0\"></span>oe<span class=\"_ _0\"></span>s no<span class=\"_ _0\"></span>t re<span class=\"_ _0\"></span>fl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t F<span class=\"_ _0\"></span>ul<span class=\"_ _0\"></span>l Ti<span class=\"_ _0\"></span>me E<span class=\"_ _0\"></span>q<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>val<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s (<span class=\"_ _0\"></span>F<span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>Es) c<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d ba<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d o<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e nu<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r of d<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>s wor<span class=\"_ _0\"></span>ke<span class=\"_ _0\"></span>d p<span class=\"_ _0\"></span>er h<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ad<span class=\"_ _0\"></span>.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEmployeeBenefitsExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-662": {
   "value": "32<span class=\"ls8f ws94\">.<span class=\"_ _0\"></span> <span class=\"_ _13\"> </span>Empl<span class=\"_ _0\"></span>oyee<span class=\"_ _0\"></span> i<span class=\"_ _3\"></span>n<span class=\"_ _0\"></span>for<span class=\"_ _3\"></span>mat<span class=\"_ _3\"></span>ion<span class=\"_ _3b2\"> </span></span><table class=\"s w469 h1b9\" id=\"_6d616d5b-1edf-4523-b7bb-3e598f411fb3\"><tr><td></td><td class=\"c n x3cb y46b0 w103 h128\"><div class=\"t m2 x1ca hf y415b ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x418 y46b1 w104 h11e\"><div class=\"t m2 x1ca hf y40a7 ff3 fs9 fc1 sc0 ls29 ws30\">20<span class=\"_ _0\"></span>23<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 hb y46b2 ff6 fs6 fc1 sc0 ls56 ws55\">Mo<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>ly ave<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ge nu<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r of st<span class=\"_ _0\"></span>af<span class=\"_ _0\"></span>f em<span class=\"_ _0\"></span>pl<span class=\"_ _0\"></span>oye<span class=\"_ _0\"></span>d du<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ng th<span class=\"_ _0\"></span>e yea<span class=\"_ _0\"></span>r:<span class=\"_ _3b2\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1cb y40c1 w424 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls14a ws164\">UK<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x256 y40c1 w93 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">10,512<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x257 y40c1 w3e h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">10,670<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y419a w258 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls52 ws12a\">USA<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x250 y419a w36 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,202<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x251 y419a w30 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,132<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4183 w252 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">Europe<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1591 y4183 w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">71<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1592 y4183 w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">66<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4184 w141 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 lsea ws122\">Othe<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x908 y4184 w70 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">91<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x360 y4184 w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">88<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y40ad w46a h132\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls12e wsca\">Worldwide<span class=\"_ _1\"></span> employ<span class=\"_ _1\"></span>ees</div><div class=\"t m2 x1593 h91 y418a ff5 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa53 y40ae w2f h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\"><span>11,876<span class=\"_ _3b2\"> </span></span></div></td><td class=\"c n x13d8 y40ae w3e h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">11,956<span class=\"_ _3b2\"> </span></div></td></tr></table><table class=\"s w46b h1ba\" id=\"_d42d9210-5be8-4bcb-abb1-194fce55afb6\"><tr><td></td><td></td><td class=\"t m2 x1c6 h13 y46b3 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y46b3 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x42e hf y46b4 ff3 fs9 fc1 sc0 lsee wsf5\">Note<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 h13 y46b4 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y46b4 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y40c0 w46c h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">Wages and salaries<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1d2 y40c0 w36 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,012<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1d3 y40c0 w37 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,004<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4180 w46d h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">So<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>al se<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>uri<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y c<span class=\"_ _0\"></span>ost<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x903 y4180 w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">112<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x233 y4180 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">111<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4182 w46e h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Share<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>based incentive awards<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1594 y4182 w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">33<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1595 y4182 w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">72<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1200 y4182 w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">59<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4183 w46f h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws23\">Defined bene<span class=\"_ _1\"></span>fit pension<span class=\"_ _1\"></span> costs<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1596 y4183 w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">24<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1597 y4183 w59 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x25f y4183 w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">33<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4122 w470 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10a ws5a\">Defined contribu<span class=\"_ _0\"></span>tion pension costs<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1598 y4122 w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">24<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1599 y4122 w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">109<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa09 y4122 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">102<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w471 h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws23\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> employee<span class=\"_ _1\"></span> related expenses<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x159a y40ae w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,309<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf86 y40ae w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,309<span class=\"_ _3b2\"> </span></div></td></tr></table>1. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>1<span class=\"_ _1\"></span>1,8<span class=\"_ _0\"></span>76 wo<span class=\"_ _0\"></span>rl<span class=\"_ _0\"></span>dw<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>e e<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>oye<span class=\"_ _0\"></span>es r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>fle<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ge h<span class=\"_ _0\"></span>ea<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>is d<span class=\"_ _0\"></span>oe<span class=\"_ _0\"></span>s no<span class=\"_ _0\"></span>t re<span class=\"_ _0\"></span>fl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t F<span class=\"_ _0\"></span>ul<span class=\"_ _0\"></span>l Ti<span class=\"_ _0\"></span>me E<span class=\"_ _0\"></span>q<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>val<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s (<span class=\"_ _0\"></span>F<span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>Es) c<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d ba<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d o<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e nu<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r of d<span class=\"_ _0\"></span>ay<span class=\"_ _0\"></span>s wor<span class=\"_ _0\"></span>ke<span class=\"_ _0\"></span>d p<span class=\"_ _0\"></span>er h<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ad<span class=\"_ _0\"></span>.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInformationAboutEmployeesExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-612": {
   "value": "<div class=\"t m2 he ff1 fs8 fc2 sc0 ls9b wsba gs9da\">33<span class=\"ls26 ws93\">. <span class=\"_ _13\"> </span>Sha<span class=\"_ _0\"></span>re-<span class=\"_ _0\"></span>based<span class=\"_ _0\"></span> pay<span class=\"_ _0\"></span>men<span class=\"_ _1\"></span>ts<span class=\"_ _3b2\"> </span></span></div><div class=\"t m2 h21 ff1 fs10 fc2 sc0 ls77 ws0 gs9db\">(i<span class=\"_ _1\"></span>) <span class=\"_ _8\"> </span>Des<span class=\"_ _0\"></span>cr<span class=\"_ _0\"></span>iption of plan<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs9dc\">Th<span class=\"_ _0\"></span>e Group p<span class=\"_ _0\"></span>rovide<span class=\"_ _0\"></span>s a numb<span class=\"_ _0\"></span>er of equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y set<span class=\"_ _0\"></span>tle<span class=\"_ _0\"></span>d shar<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>ba<span class=\"_ _0\"></span>sed lo<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>m ince<span class=\"_ _0\"></span>ntive pl<span class=\"_ _0\"></span>ans for dire<span class=\"_ _0\"></span>ctor<span class=\"_ _0\"></span>s and elig<span class=\"_ _0\"></span>ible e<span class=\"_ _0\"></span>mpl<span class=\"_ _0\"></span>oyee<span class=\"_ _0\"></span>s.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs9dd\">Th<span class=\"_ _0\"></span>e Savi<span class=\"_ _0\"></span>ngs Rela<span class=\"_ _0\"></span>ted Sha<span class=\"_ _0\"></span>re Optio<span class=\"_ _0\"></span>n Plan (Sh<span class=\"_ _0\"></span>areS<span class=\"_ _0\"></span>ave) allows employ<span class=\"_ _0\"></span>ees to enter into a regul<span class=\"_ _0\"></span>ar savin<span class=\"_ _0\"></span>gs co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>ct over thre<span class=\"_ _0\"></span>e and<span class=\"_ _0\"></span>/or five year<span class=\"_ _0\"></span>s,<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs9de\">cou<span class=\"_ _0\"></span>ple<span class=\"_ _0\"></span>d<span class=\"_ gsec\"> </span>wit<span class=\"_ _0\"></span>h a cor<span class=\"_ _0\"></span>resp<span class=\"_ _0\"></span>ond<span class=\"_ _0\"></span>ing opt<span class=\"_ _0\"></span>ion over sh<span class=\"_ _0\"></span>ares of the Gro<span class=\"_ _0\"></span>up. Th<span class=\"_ _0\"></span>e gran<span class=\"_ _0\"></span>t pric<span class=\"_ _0\"></span>e is equa<span class=\"_ _0\"></span>l to <span class=\"_ _1\"></span>8<span class=\"_ _0\"></span>0% of the quote<span class=\"_ _0\"></span>d market pr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e of the Group sh<span class=\"_ _0\"></span>ares </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs9df\">on<span class=\"_ gsec\"> </span>th<span class=\"_ _0\"></span>e invita<span class=\"_ _0\"></span>tion date.<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs9e0\">Nil<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>t optio<span class=\"_ _0\"></span>ns can b<span class=\"_ _0\"></span>e granted to seni<span class=\"_ _0\"></span>or man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>rs und<span class=\"_ _0\"></span>er th<span class=\"_ _0\"></span>e Per<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>man<span class=\"_ _0\"></span>ce S<span class=\"_ _0\"></span>hare Pl<span class=\"_ _0\"></span>an (P<span class=\"_ _0\"></span>SP), bas<span class=\"_ _0\"></span>ed up<span class=\"_ _0\"></span>on ind<span class=\"_ _0\"></span>ivi<span class=\"_ _0\"></span>dual an<span class=\"_ _0\"></span>d Com<span class=\"_ _0\"></span>pany pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>man<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>. </div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs9e1\">Per<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rma<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s at<span class=\"_ _0\"></span>tac<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>d to awards before 2<span class=\"_ _0\"></span>024 re<span class=\"_ _0\"></span>sult i<span class=\"_ _0\"></span>n the n<span class=\"_ _0\"></span>umb<span class=\"_ _0\"></span>er of o<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>ns that ves<span class=\"_ _0\"></span>t be<span class=\"_ _0\"></span>ing e<span class=\"_ _0\"></span>qua<span class=\"_ _0\"></span>lly de<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>ent o<span class=\"_ _0\"></span>n the G<span class=\"_ _0\"></span>roup\u2019s rel<span class=\"_ _0\"></span>ative </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs9e2\">total share<span class=\"_ _0\"></span>hol<span class=\"_ _0\"></span>der ret<span class=\"_ _0\"></span>urn (<span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>R) and earn<span class=\"_ _0\"></span>ings p<span class=\"_ _0\"></span>er sha<span class=\"_ _0\"></span>re (EP<span class=\"_ _0\"></span>S) grow<span class=\"_ _0\"></span>th (subjec<span class=\"_ _0\"></span>t to Solve<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>y II objec<span class=\"_ _0\"></span>tive<span class=\"_ _0\"></span>s)<span class=\"_ _1\"></span>. The ma<span class=\"_ _0\"></span>jor<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y of awards vest af<span class=\"_ _0\"></span>ter the en<span class=\"_ _0\"></span>d </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls7 ws3d gs9e3\">of<span class=\"_ gsec\"> </span>the three year per<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>man<span class=\"_ _0\"></span>ce per<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d and <span class=\"_ _1\"></span>be<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me exercisa<span class=\"_ _0\"></span>ble in thirds in <span class=\"_ _1\"></span>year three, four and five. Awards granted t<span class=\"_ _1\"></span>o Exec<span class=\"_ _0\"></span>uti<span class=\"_ _0\"></span>ve Direc<span class=\"_ _0\"></span>tors and Perso<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls7 ws3d gs9e4\">Del<span class=\"_ _0\"></span>iver<span class=\"_ _0\"></span>ing Mana<span class=\"_ _0\"></span>ger<span class=\"_ _0\"></span>ial Respo<span class=\"_ _0\"></span>nsib<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>ies vest after three years but any options that vest will <span class=\"_ _1\"></span>not beco<span class=\"_ _0\"></span>me exercis<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e until <span class=\"_ _1\"></span>year five<span class=\"_ _0\"></span>. Additio<span class=\"_ _0\"></span>nal per<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rma<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs9e5\">con<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s have bee<span class=\"_ _0\"></span>n att<span class=\"_ _0\"></span>ach<span class=\"_ _0\"></span>ed to awards from 20<span class=\"_ _0\"></span>24, an<span class=\"_ _0\"></span>d the num<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r of option<span class=\"_ _0\"></span>s that vest are de<span class=\"_ _0\"></span>pen<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>nt on the Gro<span class=\"_ _0\"></span>up\u2019s<span class=\"_ gsec\"> </span>relati<span class=\"_ _0\"></span>ve TS<span class=\"_ _0\"></span>R (40<span class=\"_ _0\"></span>%), EPS<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs9e6\">(40<span class=\"_ _0\"></span>%) and progres<span class=\"_ _0\"></span>s again<span class=\"_ _0\"></span>st pub<span class=\"_ _0\"></span>lish<span class=\"_ _0\"></span>ed co<span class=\"_ _0\"></span>mmi<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ents in ou<span class=\"_ _0\"></span>r Climate tra<span class=\"_ _0\"></span>nsiti<span class=\"_ _0\"></span>on pla<span class=\"_ _0\"></span>n (20%).<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs9e7\">Th<span class=\"_ _0\"></span>e Shar<span class=\"_ _0\"></span>e Bon<span class=\"_ _0\"></span>us Plan (SB<span class=\"_ _0\"></span>P) awards con<span class=\"_ _0\"></span>diti<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>l shares<span class=\"_ _0\"></span>, rest<span class=\"_ _0\"></span>ric<span class=\"_ _0\"></span>ted share<span class=\"_ _0\"></span>s, c<span class=\"_ _0\"></span>omb<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d awards of CS<span class=\"_ _0\"></span>OP o<span class=\"_ _0\"></span>ption<span class=\"_ _0\"></span>s and rest<span class=\"_ _0\"></span>ric<span class=\"_ _0\"></span>ted share<span class=\"_ _0\"></span>s and co<span class=\"_ _0\"></span>mbi<span class=\"_ _0\"></span>ned<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls18 ws32 gs9e8\">awards of CS<span class=\"_ _0\"></span>OP opti<span class=\"_ _0\"></span>ons and nil<span class=\"_ _0\"></span>-<span class=\"_ _3\"></span>cos<span class=\"_ _0\"></span>t optio<span class=\"_ _0\"></span>ns. Re<span class=\"_ _0\"></span>cipi<span class=\"_ _0\"></span>ents of restr<span class=\"_ _0\"></span>icte<span class=\"_ _0\"></span>d shares are enti<span class=\"_ _0\"></span>tle<span class=\"_ _0\"></span>d to <span class=\"_ _1\"></span>both vote and rece<span class=\"_ _0\"></span>ive divi<span class=\"_ _0\"></span>den<span class=\"_ _0\"></span>ds. Fair valu<span class=\"_ _0\"></span>e is calcu<span class=\"_ _0\"></span>lated<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs9e9\">as the mar<span class=\"_ _0\"></span>ket value on th<span class=\"_ _0\"></span>e grant date<span class=\"_ _0\"></span>, adjuste<span class=\"_ _0\"></span>d to reflec<span class=\"_ _0\"></span>t the elig<span class=\"_ _0\"></span>ibili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y for divi<span class=\"_ _0\"></span>den<span class=\"_ _0\"></span>d paym<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span>. Co<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>al Sh<span class=\"_ _0\"></span>are awards<span class=\"_ _0\"></span>, which in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>de awards to </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs9ea\">E<span class=\"_ _0\"></span>xec<span class=\"_ _0\"></span>uti<span class=\"_ _0\"></span>ve Direc<span class=\"_ _0\"></span>tors<span class=\"_ _0\"></span>, do not have voting or di<span class=\"_ _0\"></span>vid<span class=\"_ _0\"></span>end ri<span class=\"_ _0\"></span>ghts<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs9eb\">Und<span class=\"_ _0\"></span>er th<span class=\"_ _0\"></span>e HMR<span class=\"_ _0\"></span>C tax-<span class=\"_ _0\"></span>ad<span class=\"_ _0\"></span>vant<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>d Emp<span class=\"_ _0\"></span>loye<span class=\"_ _0\"></span>e Sha<span class=\"_ _0\"></span>re Plan (E<span class=\"_ _0\"></span>SP), U<span class=\"_ _0\"></span>K empl<span class=\"_ _0\"></span>oye<span class=\"_ _0\"></span>es may ele<span class=\"_ _0\"></span>ct to purch<span class=\"_ _0\"></span>ase Gro<span class=\"_ _0\"></span>up shar<span class=\"_ _0\"></span>es from th<span class=\"_ _0\"></span>e market at the<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs9ec\">prevail<span class=\"_ _0\"></span>ing mar<span class=\"_ _0\"></span>ket pri<span class=\"_ _0\"></span>ce on a mo<span class=\"_ _0\"></span>nthl<span class=\"_ _0\"></span>y basis. T<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up sup<span class=\"_ _0\"></span>ple<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts the nu<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er of shares pu<span class=\"_ _0\"></span>rch<span class=\"_ _0\"></span>ased by giv<span class=\"_ _0\"></span>ing em<span class=\"_ _0\"></span>pl<span class=\"_ _0\"></span>oyees o<span class=\"_ _0\"></span>ne fre<span class=\"_ _0\"></span>e matchin<span class=\"_ _0\"></span>g </div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws0 gs9ed\">share fo<span class=\"_ _0\"></span>r ever<span class=\"_ _3\"></span>y one sh<span class=\"_ _0\"></span>are pu<span class=\"_ _0\"></span>rcha<span class=\"_ _0\"></span>sed u<span class=\"_ _0\"></span>p to the f<span class=\"_ _0\"></span>irs<span class=\"_ _0\"></span>t \u00a3<span class=\"_ _0\"></span>20 of the e<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>loye<span class=\"_ _0\"></span>es\u2019 c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns an<span class=\"_ _0\"></span>d on<span class=\"_ _0\"></span>e fre<span class=\"_ _0\"></span>e matchin<span class=\"_ _0\"></span>g sha<span class=\"_ _0\"></span>re for ever<span class=\"_ _3\"></span>y two s<span class=\"_ _0\"></span>hares<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs9ee\">purc<span class=\"_ _0\"></span>hase<span class=\"_ _0\"></span>d with c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns be<span class=\"_ _0\"></span>twe<span class=\"_ _0\"></span>en \u00a3<span class=\"_ _0\"></span>20 an<span class=\"_ _0\"></span>d \u00a31<span class=\"_ _1\"></span>25. Th<span class=\"_ _0\"></span>ere is cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>tly no match o<span class=\"_ _0\"></span>n cont<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>uti<span class=\"_ _0\"></span>ons be<span class=\"_ _0\"></span>twe<span class=\"_ _0\"></span>en \u00a3<span class=\"_ _0\"></span>1<span class=\"_ _1\"></span>25 and \u00a31<span class=\"_ _1\"></span>50. From tim<span class=\"_ _0\"></span>e to time, </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs9ef\">the Gro<span class=\"_ _0\"></span>up may make an award of free share<span class=\"_ _0\"></span>s. Bot<span class=\"_ _0\"></span>h the fre<span class=\"_ _0\"></span>e and matchi<span class=\"_ _0\"></span>ng shar<span class=\"_ _0\"></span>es must b<span class=\"_ _0\"></span>e held in tr<span class=\"_ _0\"></span>ust for th<span class=\"_ _0\"></span>ree year<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>he fair valu<span class=\"_ _0\"></span>e of awarded </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs9f0\">share<span class=\"_ _0\"></span>s is equal to the mar<span class=\"_ _0\"></span>ket value on award date.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs9f1\">Th<span class=\"_ _0\"></span>e weighted aver<span class=\"_ _0\"></span>age fair valu<span class=\"_ _0\"></span>e of Share<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>ave optio<span class=\"_ _0\"></span>ns calc<span class=\"_ _0\"></span>ulated by usin<span class=\"_ _0\"></span>g the Bla<span class=\"_ _0\"></span>ck-<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>hol<span class=\"_ _0\"></span>es mo<span class=\"_ _0\"></span>del were 49.5p an<span class=\"_ _0\"></span>d PS<span class=\"_ _0\"></span>P awards esti<span class=\"_ _0\"></span>mated by </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs9f2\">usin<span class=\"_ _0\"></span>g Monte Car<span class=\"_ _0\"></span>lo sim<span class=\"_ _0\"></span>ulati<span class=\"_ _0\"></span>ons were 191<span class=\"_ _1\"></span>.<span class=\"_ _4\"></span>1<span class=\"_ _1\"></span>p.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs9f3\">Th<span class=\"_ _0\"></span>e fair value<span class=\"_ _0\"></span>s of the share awards mad<span class=\"_ _0\"></span>e duri<span class=\"_ _0\"></span>ng the year have be<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n calc<span class=\"_ _0\"></span>ulated usi<span class=\"_ _0\"></span>ng the foll<span class=\"_ _0\"></span>owing ass<span class=\"_ _0\"></span>umpt<span class=\"_ _0\"></span>ions<span class=\"_ _0\"></span>:<span class=\"_ _3b2\"> </span></div><div class=\"gs9f4\"><table class=\"s w3c0 h1bb\" id=\"_5bf9844f-260a-4b74-ba3b-403d437368af\"><tr><td></td><td class=\"c n x159b y46b5 w472 h11d\"><div class=\"t m2 x1ca h13 y4151 ff6 fs9 fc1 sc0 ls167 ws182\">Sh<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>Sa<span class=\"_ _0\"></span>ve<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x159c y46b5 w473 h11d\"><div class=\"t m2 x1ca h13 y4151 ff5 fs9 fc1 sc0 ls29 ws30\">PSP<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40bf w474 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls14f ws118\">Awar<span class=\"_ _0\"></span>d d<span class=\"_ _0\"></span>ate<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x159d y40bf w475 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws0\">April 2024<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x159e y40bf w476 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws0\">April 2024<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41dd w477 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Weig<span class=\"_ _0\"></span>hted ave<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ge s<span class=\"_ _0\"></span>hare p<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ce (<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ce)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x159f y41dd w123 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">252.7<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15a0 y41dd w193 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">252.7<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c1 w478 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Weig<span class=\"_ _0\"></span>hted ave<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ge exe<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>ise p<span class=\"_ _0\"></span>ric<span class=\"_ _0\"></span>e (<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15a1 y40c1 w123 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">196.0<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11c9 y40c1 w479 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">N/A<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y419a w47a h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls114 ws10d\">Ex<span class=\"_ _0\"></span>pec<span class=\"_ _0\"></span>ted volatilit<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15a2 y419a w2be h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">25.8%\u201336.2%<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15a3 y419a w425 h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">26.3%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w47b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls14f ws118\">E<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted<span class=\"_ _0\"></span> lif<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15a4 y4121 w47c h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">3\u20135 y<span class=\"_ _1\"></span>ears<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15a5 y4121 w47d h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws0\">5 years<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ac w47e h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Ris<span class=\"_ _0\"></span>k fre<span class=\"_ _0\"></span>e inve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt rate<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15a6 y40ac w2be h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">3.88%\u20134.06%<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15a7 y40ac w47f h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">4.11%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w480 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls11b ws2a\">Dividend yiel<span class=\"_ _1\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15a8 y40ae w12d h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">8.1%<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15a9 y40ae w479 h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">N/A<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"t m2 h21 ff1 fs10 fc2 sc0 lsf4 wse0 gs9f6\">(<span class=\"_ _1\"></span>ii) <span class=\"_ _d\"> </span>To<span class=\"_ _1\"></span>tal recogn<span class=\"_ _0\"></span>ised ex<span class=\"_ _0\"></span>pense<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs9f7\">Th<span class=\"_ _0\"></span>e total reco<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d exp<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>e relatin<span class=\"_ _0\"></span>g to share<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>ba<span class=\"_ _0\"></span>sed pay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts in 20<span class=\"_ _0\"></span>24 was \u00a372m (20<span class=\"_ _0\"></span>23<span class=\"_ _0\"></span>: \u00a359m) before ta<span class=\"_ _0\"></span>x, all of whic<span class=\"_ _0\"></span>h related to equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y set<span class=\"_ _0\"></span>tle<span class=\"_ _0\"></span>d </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs9f8\">share sc<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>mes<span class=\"_ _0\"></span>. Thi<span class=\"_ _0\"></span>s is broken down be<span class=\"_ _0\"></span>twe<span class=\"_ _0\"></span>en th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p\u2019s plans as detail<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>elow<span class=\"_ _0\"></span>:<span class=\"_ _3b2\"> </span></div><div class=\"gs9f9\"><table class=\"s w481 h1bc\" id=\"_27c7cb98-213a-4456-91be-1cccfb2e4728\"><tr><td></td><td class=\"t m2 x1c6 h13 y46b6 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y46b6 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x1c8 h13 y46b7 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y46b7 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y40c1 w482 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Share bonus plan (SBP)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x56b y40c1 w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">56<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x946 y40c1 w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">42<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y419a w483 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Per<span class=\"_ _0\"></span>formance share plan (PSP)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15aa y419a w59 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">9<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb72 y419a w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">13<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w484 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Em<span class=\"_ _0\"></span>plo<span class=\"_ _0\"></span>yee s<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>re pla<span class=\"_ _0\"></span>n (E<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>P)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x905 y4121 w59 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15ab y4121 w75 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ac w485 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Sav<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>gs re<span class=\"_ _0\"></span>late<span class=\"_ _0\"></span>d sha<span class=\"_ _0\"></span>re op<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n pla<span class=\"_ _0\"></span>n (Sh<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>ave)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15ac y40ac wa8 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13c8 y40ac w75 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w2c5 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws23\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> share-based payment expense<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x141d y40ae w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">72<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x113b y40ae w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">59<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"t m2 h21 ff1 fs10 fc2 sc0 lsd4 wsdc gs9fa\">(ii<span class=\"_ _0\"></span>i) <span class=\"_ _20\"> </span>O<span class=\"_ _0\"></span>uts<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g sh<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span> opt<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div><div class=\"gs9fb\"><table class=\"s w1ea h1bd\" id=\"_940f47da-510b-4650-b5d9-ec912bf24c7d\"><tr><td></td><td></td><td class=\"t m2 x8d0 h13 y46b8 ff5 fs9 fc1 sc0 ls3d ws131\">Weighted<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m2 x31f h13 y46b8 ff5 fs9 fc1 sc0 ls3d ws131\">Weighted<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m2 xec2 h13 y46b8 ff5 fs9 fc1 sc0 ls3d ws131\">Weighted<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td></td><td class=\"t m2 x460 h13 y46b9 ff6 fs9 fc1 sc0 ls167 ws182\">aver<span class=\"_ _0\"></span>age<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m2 x27e h13 y46b9 ff6 fs9 fc1 sc0 ls167 ws182\">aver<span class=\"_ _0\"></span>age<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m2 xd17 h13 y46b9 ff6 fs9 fc1 sc0 ls167 ws182\">aver<span class=\"_ _0\"></span>age<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x7c2 h13 y46ba ff6 fs9 fc1 sc0 ls167 ws182\">Sh<span class=\"_ _0\"></span>are<span class=\"_ _0\"></span>Sa<span class=\"_ _0\"></span>ve<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xacc h13 y46ba ff5 fs9 fc1 sc0 ls1d ws21\">exer<span class=\"_ _0\"></span>cis<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x4e6 h13 y46ba ff5 fs9 fc1 sc0 ls3d ws131\">CSOP<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x465 h13 y46ba ff5 fs9 fc1 sc0 ls1d ws21\">exer<span class=\"_ _0\"></span>cis<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x495 h13 y46ba ff5 fs9 fc1 sc0 ls14a ws164\">Nil-cost<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x3fc h13 y46ba ff5 fs9 fc1 sc0 ls1d ws21\">exer<span class=\"_ _0\"></span>cis<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x9f8 h13 y46bb ff5 fs9 fc1 sc0 ls14a ws164\">options<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x686 h13 y46bb ff5 fs9 fc1 sc0 ls88 ws8d\">price<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x94a h13 y46bb ff5 fs9 fc1 sc0 ls14a ws164\">options<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x637 h13 y46bb ff5 fs9 fc1 sc0 ls88 ws8d\">price<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xd44 h13 y46bb ff5 fs9 fc1 sc0 ls14a ws164\">options<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 h13 y46bb ff5 fs9 fc1 sc0 ls88 ws8d\">price<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x8d5 h13 y46bc ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"ls1 ws0\"> </span></td><td class=\"t m2 x686 h13 y46bc ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x430 h13 y46bc ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"ls1 ws0\"> </span></td><td class=\"t m2 x431 h13 y46bc ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c6 h13 y46bc ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"ls1 ws0\"> </span></td><td class=\"t m2 x1c7 h13 y46bc ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td></td><td class=\"t m2 xbcd h13 y46bd ff5 fs9 fc1 sc0 ls1 ws0\">p<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m2 x499 h13 y46bd ff5 fs9 fc1 sc0 ls1 ws0\">p<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m2 x581 h13 y46bd ff5 fs9 fc1 sc0 ls1 ws0\">p<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y4315 w486 h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls4f ws128\">Outstanding at<span class=\"_ _1\"></span> 1 January<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15ad y4315 w487 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">21,803,958<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15ae y4315 w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">210<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15af y4315 w488 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">3,649,295<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15b0 y4315 w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">280</div></td><td class=\"c n x15b1 y4315 w489 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">32,406,031<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15b2 y4315 wa5 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y433f w48a h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Gra<span class=\"_ _0\"></span>nte<span class=\"_ _0\"></span>d dur<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g the y<span class=\"_ _0\"></span>ear<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15b3 y433f w48b h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">9,398,286<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15b4 y433f w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">196<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15b5 y433f wa6 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15b6 y433f wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15b7 y433f w488 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">6,607,333<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15b8 y433f wa6 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41e7 w48c h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">For<span class=\"_ _3\"></span>feite<span class=\"_ _0\"></span>d dur<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g the y<span class=\"_ _0\"></span>ear<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15b9 y41e7 w48d h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(3,610,501)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15ba y41e7 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">209<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13a1 y41e7 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15bb y41e7 wa6 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5c2 y41e7 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15bc y41e7 wa6 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y42f5 w48e h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>xerc<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d du<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ng th<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15bd y42f5 w48f h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(2,436,776)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15be y42f5 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">222<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x11f3 y42f5 wa6 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15bf y42f5 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013</div></td><td class=\"c n x15c0 y42f5 w48f h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(6,127,082)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15c1 y42f5 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41c7 w490 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ire<span class=\"_ _0\"></span>d dur<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g th<span class=\"_ _0\"></span>e year<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15c2 y41c7 w48d h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(1,180,469)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15c3 y41c7 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">213</div></td><td class=\"c n x15c4 y41c7 w48d h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(1,309,149)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x147b y41c7 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">294</div></td><td class=\"c n x15c5 y41c7 w491 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(4,126,739)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15c6 y41c7 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w492 h11b\"><div class=\"t m2 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls56 ws0\">Ou<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g a<span class=\"_ _0\"></span>t 31 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15c7 y4121 w487 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">23,974,498<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15c8 y4121 w4a h11b\"><div class=\"t m2 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls56 ws55\">203<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15c9 y4121 w48b h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">2,340,146<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15ca y4121 w4a h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">272</div></td><td class=\"c n x15cb y4121 w493 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">28,759,543<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15cc y4121 wa6 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ac w494 h11b\"><div class=\"t m2 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls12e wsca\">Exercisable at<span class=\"_ _1\"></span> 31<span class=\"_ _1\"></span> December<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15cd y40ac w2f h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">64,104<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15ce y40ac w4a h11b\"><div class=\"t m2 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls56 ws55\">228<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xed1 y40ac wa5 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15cf y40ac wa5 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15d0 y40ac w48b h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">2,094,055<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15d1 y40ac wa5 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w225 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls56 ws55\">Wei<span class=\"_ _0\"></span>gh<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d aver<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>e rem<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g con<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 li<span class=\"_ _0\"></span>fe (ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15d2 y40ae w1e1 h11b\"><div class=\"t m2 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x15d3 y40ae wa5 h11b\"><div class=\"t m2 x1ca hb y40a9 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x63b y40ae w59 h11b\"><div class=\"t m2 x1ca hb y40a9 ff5 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td><td></td></tr></table></div><div class=\"gs9fc\"><table class=\"s w495 h1be\" id=\"_760c54d1-ad10-42f3-9811-712bbf2ddaac\"><tr><td></td><td></td><td class=\"t m2 xaa0 hf y46be ff3 fs9 fc1 sc0 lsee wsf5\">Wei<span class=\"_ _0\"></span>ghte<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m2 xb9c hf y46be ff3 fs9 fc1 sc0 lsee wsf5\">Wei<span class=\"_ _0\"></span>ghte<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m2 xd18 hf y46be ff3 fs9 fc1 sc0 lsee wsf5\">Wei<span class=\"_ _0\"></span>ghte<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td></td><td class=\"t m2 x15d4 hf y46bf ff3 fs9 fc1 sc0 ls112 ws6\">avera<span class=\"_ _0\"></span>ge<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m2 x32a hf y46bf ff3 fs9 fc1 sc0 ls112 ws6\">avera<span class=\"_ _0\"></span>ge<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m2 x5cb hf y46bf ff3 fs9 fc1 sc0 ls112 ws6\">avera<span class=\"_ _0\"></span>ge<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x7c2 hf y46c0 ff3 fs9 fc1 sc0 ls112 ws6\">Sha<span class=\"_ _0\"></span>reS<span class=\"_ _0\"></span>ave<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x460 hf y46c0 ff3 fs9 fc1 sc0 ls111 wsc0\">exercise<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x4e6 hf y46c0 ff3 fs9 fc1 sc0 ls3c ws11e\">CSOP<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x27e hf y46c0 ff3 fs9 fc1 sc0 ls111 wsc0\">exercise<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xd44 hf y46c0 ff3 fs9 fc1 sc0 ls111 wsc0\">Nil-<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ost<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xd17 hf y46c0 ff3 fs9 fc1 sc0 ls111 wsc0\">exercise<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x15d5 hf y46c1 ff3 fs9 fc1 sc0 ls45 ws100\">options<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xd40 hf y46c1 ff3 fs9 fc1 sc0 ls1 ws0\">price<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x94a hf y46c1 ff3 fs9 fc1 sc0 ls45 ws100\">options<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x637 hf y46c1 ff3 fs9 fc1 sc0 ls1 ws0\">price<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x4e8 hf y46c1 ff3 fs9 fc1 sc0 ls45 ws100\">options<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y46c1 ff3 fs9 fc1 sc0 ls1 ws0\">price<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x15d6 hf y46c2 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"ls1 ws0\"> </span></td><td class=\"t m2 x686 hf y46c2 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x430 hf y46c2 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"ls1 ws0\"> </span></td><td class=\"t m2 x637 hf y46c2 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c6 hf y46c2 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"ls1 ws0\"> </span></td><td class=\"t m2 x1c7 hf y46c2 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td></td><td class=\"t m2 xbcd hf y46c3 ff3 fs9 fc1 sc0 ls1 ws0\">p<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m2 x499 hf y46c3 ff3 fs9 fc1 sc0 ls1 ws0\">p<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m2 x581 hf y46c3 ff3 fs9 fc1 sc0 ls1 ws0\">p<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y4451 w496 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">Outstanding at 1 January<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15d7 y4451 w497 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">23,983,860<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15d8 y4451 w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">207<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15d9 y4451 w498 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5,513,503<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15da y4451 w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">258</div></td><td class=\"c n x15db y4451 w499 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">35,717,751<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15dc y4451 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4359 w48a h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Gra<span class=\"_ _0\"></span>nte<span class=\"_ _0\"></span>d dur<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g the y<span class=\"_ _0\"></span>ear<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x110a y4359 w49a h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">7,740,104<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15d8 y4359 w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">211<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe2a y4359 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x68e y4359 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15dd y4359 w49b h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">6,685,541<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa8b y4359 wbf h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4198 w48c h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">For<span class=\"_ _3\"></span>feite<span class=\"_ _0\"></span>d dur<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g the y<span class=\"_ _0\"></span>ear<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15de y4198 w49c h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(2,613,099)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15df y4198 w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">211<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15e0 y4198 w238 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(262,301)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15e1 y4198 w4b h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">263<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1489 y4198 wd5 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(30,066)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa8b y4198 wbf h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4199 w48e h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>xerc<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d du<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ng th<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15e2 y4199 w49d h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(6,324,780)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15e3 y4199 w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">200<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15e4 y4199 w49c h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(1,296,635)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15e5 y4199 w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">204<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15e6 y4199 w49c h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(3,819,125)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xd3d y4199 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4447 w490 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>ire<span class=\"_ _0\"></span>d dur<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g th<span class=\"_ _0\"></span>e year<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15e7 y4447 w238 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(982,127)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15e8 y4447 w153 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">210<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15e9 y4447 w238 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(305,272)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15ea y4447 w4b h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">227<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15eb y4447 w49c h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(6,148,070)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xe6a y4447 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4448 w49e h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">Outstanding a<span class=\"_ _1\"></span>t 31<span class=\"_ _1\"></span> Decembe<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15ec y4448 w49f h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">21,803,958<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15ed y4448 w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">210<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15ee y4448 w49b h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,649,295<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15ef y4448 w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">280</div></td><td class=\"c n x15f0 y4448 w49f h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">32,406,031<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15f1 y4448 wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y435d w4a0 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>xerc<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e at 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15f2 y435d w237 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">75,957<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15f3 y435d w153 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">199<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15f4 y435d wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6db y435d wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15f5 y435d w498 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,088,693<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15f6 y435d wbd h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w4a1 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Weig<span class=\"_ _0\"></span>hted ave<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ge re<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>ini<span class=\"_ _0\"></span>ng c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ctu<span class=\"_ _0\"></span>al li<span class=\"_ _0\"></span>fe (<span class=\"_ _0\"></span>yea<span class=\"_ _0\"></span>rs)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15f7 y40ae w16b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x15f8 y40ae w50 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x15f9 y40ae w50 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">4<span class=\"_ _3b2\"> </span></div></td><td></td></tr></table></div><div class=\"t m2 h21 ff1 fs10 fc2 sc0 ls77 ws0 gs9fd\">(iv<span class=\"_ _4\"></span>) <span class=\"_ _c\"> </span>Total opt<span class=\"_ _0\"></span>ions<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 lsd ws7f gs9fe\">Opti<span class=\"_ _0\"></span>ons over 55<span class=\"_ _0\"></span>,0<span class=\"_ _0\"></span>7<span class=\"_ _1\"></span>4,<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>87 shares are outs<span class=\"_ _0\"></span>tand<span class=\"_ _0\"></span>ing und<span class=\"_ _0\"></span>er Sh<span class=\"_ _0\"></span>areS<span class=\"_ _0\"></span>ave, C<span class=\"_ _0\"></span>SO<span class=\"_ _0\"></span>P and PS<span class=\"_ _0\"></span>P as at <span class=\"_ _1\"></span>31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ber 20<span class=\"_ _0\"></span>24 (2023<span class=\"_ _0\"></span>: 57<span class=\"_ _1\"></span>,85<span class=\"_ _0\"></span>9,2<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>4 shares). These opti<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 lsd ws7f gs9ff\">have a <span class=\"_ _1\"></span>rang<span class=\"_ _0\"></span>e of <span class=\"_ _1\"></span>exerci<span class=\"_ _0\"></span>se pric<span class=\"_ _0\"></span>es bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en 0p and 295<span class=\"_ _0\"></span>p (2023<span class=\"_ _0\"></span>: 0p and 295p) and maxim<span class=\"_ _0\"></span>um remai<span class=\"_ _0\"></span>ning co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>actu<span class=\"_ _0\"></span>al life up <span class=\"_ _1\"></span>to 2032 (202<span class=\"_ _0\"></span>3: 20<span class=\"_ _0\"></span>32).</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSharebasedPaymentArrangementsExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-613": {
   "value": "<div class=\"t m2 he ff1 fs8 fc2 sc0 ls90 ws112 gsa01\">34<span class=\"_ _1\"></span><span class=\"ls8d ws0\">. <span class=\"_ _10\"> </span>Share ca<span class=\"_ _1\"></span>pi<span class=\"_ _1\"></span>tal, share pre<span class=\"_ _1\"></span>m<span class=\"_ _0\"></span>ium and em<span class=\"_ _1\"></span>p<span class=\"_ _1\"></span>lo<span class=\"_ _1\"></span>y<span class=\"_ _1\"></span>ee sc<span class=\"_ _1\"></span>h<span class=\"_ _1\"></span>eme tre<span class=\"_ _1\"></span>asur<span class=\"_ _3\"></span>y shares<span class=\"_ _3b2\"> </span></span></div><div class=\"t m2 h21 ff1 fs10 fc2 sc0 ls9c wsa0 gsa02\">(<span class=\"_ _1\"></span>i) <span class=\"_ _8\"> </span>Share capital a<span class=\"_ _0\"></span>nd sha<span class=\"_ _0\"></span>re premium<span class=\"_ _3b2\"> </span></div><div class=\"gs498\"><table class=\"s w4a2 h1bf\" id=\"_af6b85b3-33e7-45f0-828c-f1e615a24c5b\"><tr><td></td><td class=\"t m2 x430 h13 y46c4 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m2 x1c6 hf y46c4 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td></td></tr><tr><td></td><td class=\"t m2 x94b h13 y46c5 ff5 fs9 fc1 sc0 ls18 ws0\">Nu<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r of<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x431 h13 y46c5 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x94c hf y46c5 ff3 fs9 fc1 sc0 ls115 ws121\">Number of<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y46c5 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 h13 y46c6 ff5 fs9 fc1 sc0 ls3b ws4d\">Authorised share<span class=\"_ _1\"></span> capital<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x13dc h13 y46c6 ff5 fs9 fc1 sc0 ls38 ws3a\">shares<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x433 h13 y46c6 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x503 hf y46c6 ff3 fs9 fc1 sc0 ls168 ws183\">shares<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y46c6 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y40ae w4a3 h117\"><div class=\"t m2 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">At 31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>: ordi<span class=\"_ _0\"></span>nar<span class=\"_ _3\"></span>y share<span class=\"_ _0\"></span>s of <span class=\"_ _1\"></span>2.<span class=\"_ _0\"></span>5p ea<span class=\"_ _0\"></span>ch<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15fa y40ae w4a4 h116\"><div class=\"t m2 x1ca hc y4084 ff6 fs6 fc1 sc0 ls56 ws55\">9,200,000,000<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15fb y40ae w4a h116\"><div class=\"t m2 x1ca hc y4084 ff5 fs6 fc1 sc0 ls56 ws55\">230<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15fc y40ae w4a5 h117\"><div class=\"t m2 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">9,200,000,000<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x855 y40ae w42 h116\"><div class=\"t m2 x1ca hc y4084 ff3 fs6 fc1 sc0 ls56 ws55\">230<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"gsa03\"><table class=\"s w469 h1c0\" id=\"_0004f390-af0e-4a7d-b426-8b83545ac8cb\"><tr><td></td><td></td><td class=\"t m2 x658 h13 y46ca ff5 fs9 fc1 sc0 ls38 ws3a\">Share<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x32c h13 y46ca ff5 fs9 fc1 sc0 ls38 ws3a\">Share<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x493 h13 y46cb ff5 fs9 fc1 sc0 ls18 ws0\">Nu<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r of<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x4e8 h13 y46cb ff5 fs9 fc1 sc0 ls29 ws30\">capital<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xd18 h13 y46cb ff5 fs9 fc1 sc0 ls38 ws3a\">premium<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 h13 y46cc ff6 fs9 fc1 sc0 ls18 ws32\">Is<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d sha<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e cap<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l, fu<span class=\"_ _0\"></span>ll<span class=\"_ _0\"></span>y pa<span class=\"_ _0\"></span>id<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x75b h13 y46cc ff5 fs9 fc1 sc0 ls38 ws3a\">shares<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 h13 y46cc ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 h13 y46cc ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y40c2 wa2 h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws0\">As a<span class=\"_ _0\"></span>t 1 Ja<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y 20<span class=\"_ _0\"></span>24<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1603 y40c2 w4a4 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">5,979,578,280<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x225 y40c2 w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">149<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1604 y40c2 w36 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">1,030<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y419e w41b h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10e ws54\">Cancellation of<span class=\"_ _1\"></span> shares under sha<span class=\"_ _1\"></span>re buyback programme</div><div class=\"t m2 x14d2 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1605 y4193 w4a7 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">(88,835,417)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1606 y4193 w6d h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">(2)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1607 y4193 wa6 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4108 wad h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Opt<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns exe<span class=\"_ _0\"></span>rcis<span class=\"_ _0\"></span>ed u<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>er s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>e opt<span class=\"_ _0\"></span>ion s<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1608 y4108 w488 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">2,436,776<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1609 y4108 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x160a y4108 w59 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">6<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae wb8 h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws0\">As a<span class=\"_ _0\"></span>t 31 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>24<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x160b y40ae w4a4 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">5,893,179,639<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x160c y40ae w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">147<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x77a y40ae w36 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">1,036<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"gsa04\"><table class=\"s w4a6 h161\" id=\"_7a3f8365-b84a-4e4c-a786-cc15516375a8\"><tr><td></td><td></td><td class=\"t m2 x658 hf y46c7 ff3 fs9 fc1 sc0 ls193 ws1b7\">Share<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x42f hf y46c7 ff3 fs9 fc1 sc0 ls193 ws1b7\">Share<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x26f hf y46c8 ff3 fs9 fc1 sc0 ls115 ws121\">Number of<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x503 hf y46c8 ff3 fs9 fc1 sc0 ls189 ws1ab\">capital<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xbad hf y46c8 ff3 fs9 fc1 sc0 ls193 ws1b7\">premiu<span class=\"_ _0\"></span>m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 h10 y46c9 ff4 fs9 fc1 sc0 ls18 ws32\">Iss<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span>d sha<span class=\"_ _0\"></span>re ca<span class=\"_ _0\"></span>pi<span class=\"_ _0\"></span>tal<span class=\"_ _0\"></span>, ful<span class=\"_ _0\"></span>ly pa<span class=\"_ _0\"></span>id<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xac2 hf y46c9 ff3 fs9 fc1 sc0 ls168 ws183\">shares<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 hf y46c9 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y46c9 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y4121 wbb h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">As at 1 J<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>uar<span class=\"_ _3\"></span>y 20<span class=\"_ _0\"></span>23<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15fd y4121 w4a5 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5,973,253,500<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15fe y4121 w42 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">149<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1281 y4121 w37 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,018<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4158 wad h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Opt<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns exe<span class=\"_ _0\"></span>rcis<span class=\"_ _0\"></span>ed u<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>er s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>e opt<span class=\"_ _0\"></span>ion s<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15ff y4158 w498 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">6,324,780<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1600 y4158 wbd h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14fa y4158 w39 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">12<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae wc4 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">As at 3<span class=\"_ _0\"></span>1 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>23<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1601 y40ae w4a5 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5,979,578,280<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1602 y40ae w42 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">149<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa05 y40ae w37 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,030<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gsa05\">1. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>Du<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g th<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar, 8<span class=\"_ _0\"></span>8,<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>417 shar<span class=\"_ _0\"></span>es w<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d an<span class=\"_ _0\"></span>d c<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>d u<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>e b<span class=\"_ _0\"></span>uy<span class=\"_ _0\"></span>ba<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>k pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>gr<span class=\"_ _0\"></span>am<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g 1.5% o<span class=\"_ _0\"></span>f op<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>ng i<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span>d 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 at a c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>st o<span class=\"_ _0\"></span>f \u00a3<span class=\"_ _0\"></span>201m </div><div class=\"t m2 h16 ff8 fs9 fc1 sc0 ls1 ws0 gsa06\">in<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>ng s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>am<span class=\"_ _0\"></span>p du<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y. </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gsa07\">Th<span class=\"_ _0\"></span>ere is one cl<span class=\"_ _0\"></span>ass of ordin<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y sha<span class=\"_ _0\"></span>res of 2.5<span class=\"_ _0\"></span>p each<span class=\"_ _0\"></span>. All sh<span class=\"_ _0\"></span>ares iss<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span>d car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y equ<span class=\"_ _0\"></span>al voting ri<span class=\"_ _0\"></span>ghts<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws0 gsa08\">Th<span class=\"_ _0\"></span>e hol<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>s of the C<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pany<span class=\"_ _0\"></span>\u2019s ord<span class=\"_ _0\"></span>inar<span class=\"_ _3\"></span>y share<span class=\"_ _0\"></span>s are en<span class=\"_ _0\"></span>titl<span class=\"_ _0\"></span>ed to rec<span class=\"_ _0\"></span>ei<span class=\"_ _0\"></span>ve divi<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>nds as d<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>lare<span class=\"_ _0\"></span>d and are e<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>tle<span class=\"_ _0\"></span>d to one vote pe<span class=\"_ _0\"></span>r shar<span class=\"_ _0\"></span>e at share<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>lde<span class=\"_ _0\"></span>r </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gsa09\">me<span class=\"_ _0\"></span>etin<span class=\"_ _0\"></span>gs of the Co<span class=\"_ _0\"></span>mpany. </div><div class=\"t m2 h21 ff1 fs10 fc2 sc0 ls77 ws0 gsa0a\">(ii) <span class=\"_ _d\"> </span>Employee share pla<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws0 gsa0b\">Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p use<span class=\"_ _0\"></span>s the E<span class=\"_ _0\"></span>mpl<span class=\"_ _0\"></span>oyee<span class=\"_ _0\"></span>s\u2019 S<span class=\"_ _0\"></span>hare O<span class=\"_ _0\"></span>wne<span class=\"_ _0\"></span>rsh<span class=\"_ _0\"></span>ip T<span class=\"_ _1\"></span>rust (E<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>OT<span class=\"_ _0\"></span>) and th<span class=\"_ _0\"></span>e Le<span class=\"_ _0\"></span>gal &amp; Ge<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>ral G<span class=\"_ _0\"></span>roup E<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>loye<span class=\"_ _0\"></span>e Sh<span class=\"_ _0\"></span>are Pla<span class=\"_ _0\"></span>n (ES<span class=\"_ _0\"></span>P) to purc<span class=\"_ _0\"></span>hase a<span class=\"_ _0\"></span>nd ho<span class=\"_ _0\"></span>ld </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gsa0c\">share<span class=\"_ _0\"></span>s of the Group for de<span class=\"_ _0\"></span>live<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y to empl<span class=\"_ _0\"></span>oyees u<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>r vario<span class=\"_ _0\"></span>us em<span class=\"_ _0\"></span>ploye<span class=\"_ _0\"></span>e share pl<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>. Sha<span class=\"_ _0\"></span>res owne<span class=\"_ _0\"></span>d by these vehi<span class=\"_ _0\"></span>cle<span class=\"_ _0\"></span>s are incl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>d at cost in th<span class=\"_ _0\"></span>e </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gsa0d\">Co<span class=\"_ _0\"></span>nsol<span class=\"_ _0\"></span>idated B<span class=\"_ _0\"></span>alan<span class=\"_ _0\"></span>ce S<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>et and are sh<span class=\"_ _0\"></span>own as a dedu<span class=\"_ _0\"></span>ctio<span class=\"_ _0\"></span>n from sh<span class=\"_ _0\"></span>areh<span class=\"_ _0\"></span>old<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s\u2019 equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y. They are disc<span class=\"_ _0\"></span>lose<span class=\"_ _0\"></span>d as emp<span class=\"_ _0\"></span>loye<span class=\"_ _0\"></span>e plan sha<span class=\"_ _0\"></span>res until th<span class=\"_ _0\"></span>ey </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gsa0e\">vest<span class=\"_ gsec\"> </span>to emp<span class=\"_ _0\"></span>loye<span class=\"_ _0\"></span>es. S<span class=\"_ _0\"></span>hare<span class=\"_ _3\"></span>-<span class=\"_ _0\"></span>base<span class=\"_ _0\"></span>d liabi<span class=\"_ _0\"></span>liti<span class=\"_ _0\"></span>es to employe<span class=\"_ _0\"></span>es may also b<span class=\"_ _0\"></span>e set<span class=\"_ _0\"></span>tle<span class=\"_ _0\"></span>d via pur<span class=\"_ _0\"></span>chas<span class=\"_ _0\"></span>es dire<span class=\"_ _0\"></span>ctl<span class=\"_ _0\"></span>y from th<span class=\"_ _0\"></span>e market or by the iss<span class=\"_ _0\"></span>ue of new share<span class=\"_ _0\"></span>s.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gsa0f\">Th<span class=\"_ _0\"></span>e ES<span class=\"_ _0\"></span>OT has waived its votin<span class=\"_ _0\"></span>g right<span class=\"_ _0\"></span>s and its rig<span class=\"_ _0\"></span>hts to some of the div<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>nds paya<span class=\"_ _0\"></span>ble on th<span class=\"_ _0\"></span>e share<span class=\"_ _0\"></span>s it hold<span class=\"_ _0\"></span>s. Em<span class=\"_ _0\"></span>ploye<span class=\"_ _0\"></span>es are en<span class=\"_ _0\"></span>titl<span class=\"_ _0\"></span>ed to divid<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>s </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gsa10\">on the sh<span class=\"_ _0\"></span>ares he<span class=\"_ _0\"></span>ld on the<span class=\"_ _0\"></span>ir be<span class=\"_ _0\"></span>half wit<span class=\"_ _0\"></span>hin the ES<span class=\"_ _0\"></span>P<span class=\"_ _1\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"gsa11\"><table class=\"s w4a8 h136\" id=\"_d0834007-4e6e-4d94-82a9-57ab89e11c4d\"><tr><td></td><td class=\"t m2 x430 h13 y46cd ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m2 x1c6 hf y46cd ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td></td></tr><tr><td></td><td class=\"t m2 x94b h13 y46ce ff5 fs9 fc1 sc0 ls18 ws0\">Nu<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r of<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x431 h13 y46ce ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x94c hf y46ce ff3 fs9 fc1 sc0 ls115 ws121\">Number of<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y46ce ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x13dc h13 y46cf ff5 fs9 fc1 sc0 ls38 ws3a\">shares<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x433 h13 y46cf ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x503 hf y46cf ff3 fs9 fc1 sc0 ls168 ws183\">shares<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y46cf ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y419a w1d8 h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws0\">As a<span class=\"_ _0\"></span>t 1 Ja<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x160d y419a w489 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">62,178,791<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1582 y419a w4a h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">147<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x160e y419a w499 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">60,807,213<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x160f y419a w4b h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">144<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 wae h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10a ws5a\">Shares purchased<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1610 y4121 w487 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">14,428,772<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1611 y4121 w7b h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">33<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1612 y4121 w498 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">8,093,113<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf2b y4121 w39 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">18<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ac wb0 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10a ws5a\">Shares vested<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1613 y40ac w48d h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(7,190,290)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1614 y40ac w41 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(17)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1615 y40ac w49c h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(6,721,535)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb32 y40ac w71 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(15)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w1db h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls12e wsca\">As at<span class=\"_ _1\"></span> 31<span class=\"_ _1\"></span> December<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1616 y40ae w487 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">69,417,273<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1617 y40ae w4a h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">163<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1618 y40ae w49f h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">62,178,791<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x639 y40ae w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">147</div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-663": {
   "value": "34<span class=\"_ _1\"></span><span class=\"ls8d ws0\">. <span class=\"_ _10\"> </span>Share ca<span class=\"_ _1\"></span>pi<span class=\"_ _1\"></span>tal, share pre<span class=\"_ _1\"></span>m<span class=\"_ _0\"></span>ium and em<span class=\"_ _1\"></span>p<span class=\"_ _1\"></span>lo<span class=\"_ _1\"></span>y<span class=\"_ _1\"></span>ee sc<span class=\"_ _1\"></span>h<span class=\"_ _1\"></span>eme tre<span class=\"_ _1\"></span>asur<span class=\"_ _3\"></span>y shares<span class=\"_ _3b2\"> </span></span>(<span class=\"_ _1\"></span>i) <span class=\"_ _8\"> </span>Share capital a<span class=\"_ _0\"></span>nd sha<span class=\"_ _0\"></span>re premium<span class=\"_ _3b2\"> </span><table class=\"s w4a2 h1bf\" id=\"_af6b85b3-33e7-45f0-828c-f1e615a24c5b\"><tr><td></td><td class=\"t m2 x430 h13 y46c4 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m2 x1c6 hf y46c4 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td></td></tr><tr><td></td><td class=\"t m2 x94b h13 y46c5 ff5 fs9 fc1 sc0 ls18 ws0\">Nu<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r of<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x431 h13 y46c5 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x94c hf y46c5 ff3 fs9 fc1 sc0 ls115 ws121\">Number of<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y46c5 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 h13 y46c6 ff5 fs9 fc1 sc0 ls3b ws4d\">Authorised share<span class=\"_ _1\"></span> capital<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x13dc h13 y46c6 ff5 fs9 fc1 sc0 ls38 ws3a\">shares<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x433 h13 y46c6 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x503 hf y46c6 ff3 fs9 fc1 sc0 ls168 ws183\">shares<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y46c6 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y40ae w4a3 h117\"><div class=\"t m2 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">At 31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>: ordi<span class=\"_ _0\"></span>nar<span class=\"_ _3\"></span>y share<span class=\"_ _0\"></span>s of <span class=\"_ _1\"></span>2.<span class=\"_ _0\"></span>5p ea<span class=\"_ _0\"></span>ch<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15fa y40ae w4a4 h116\"><div class=\"t m2 x1ca hc y4084 ff6 fs6 fc1 sc0 ls56 ws55\">9,200,000,000<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15fb y40ae w4a h116\"><div class=\"t m2 x1ca hc y4084 ff5 fs6 fc1 sc0 ls56 ws55\">230<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15fc y40ae w4a5 h117\"><div class=\"t m2 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">9,200,000,000<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x855 y40ae w42 h116\"><div class=\"t m2 x1ca hc y4084 ff3 fs6 fc1 sc0 ls56 ws55\">230<span class=\"_ _3b2\"> </span></div></td></tr></table><table class=\"s w469 h1c0\" id=\"_0004f390-af0e-4a7d-b426-8b83545ac8cb\"><tr><td></td><td></td><td class=\"t m2 x658 h13 y46ca ff5 fs9 fc1 sc0 ls38 ws3a\">Share<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x32c h13 y46ca ff5 fs9 fc1 sc0 ls38 ws3a\">Share<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x493 h13 y46cb ff5 fs9 fc1 sc0 ls18 ws0\">Nu<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r of<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x4e8 h13 y46cb ff5 fs9 fc1 sc0 ls29 ws30\">capital<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xd18 h13 y46cb ff5 fs9 fc1 sc0 ls38 ws3a\">premium<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 h13 y46cc ff6 fs9 fc1 sc0 ls18 ws32\">Is<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d sha<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e cap<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l, fu<span class=\"_ _0\"></span>ll<span class=\"_ _0\"></span>y pa<span class=\"_ _0\"></span>id<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x75b h13 y46cc ff5 fs9 fc1 sc0 ls38 ws3a\">shares<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 h13 y46cc ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 h13 y46cc ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y40c2 wa2 h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws0\">As a<span class=\"_ _0\"></span>t 1 Ja<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y 20<span class=\"_ _0\"></span>24<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1603 y40c2 w4a4 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">5,979,578,280<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x225 y40c2 w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">149<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1604 y40c2 w36 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">1,030<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y419e w41b h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10e ws54\">Cancellation of<span class=\"_ _1\"></span> shares under sha<span class=\"_ _1\"></span>re buyback programme</div><div class=\"t m2 x14d2 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1605 y4193 w4a7 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">(88,835,417)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1606 y4193 w6d h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">(2)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1607 y4193 wa6 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4108 wad h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Opt<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns exe<span class=\"_ _0\"></span>rcis<span class=\"_ _0\"></span>ed u<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>er s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>e opt<span class=\"_ _0\"></span>ion s<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1608 y4108 w488 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">2,436,776<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1609 y4108 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x160a y4108 w59 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">6<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae wb8 h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws0\">As a<span class=\"_ _0\"></span>t 31 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>24<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x160b y40ae w4a4 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">5,893,179,639<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x160c y40ae w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">147<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x77a y40ae w36 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">1,036<span class=\"_ _3b2\"> </span></div></td></tr></table><table class=\"s w4a6 h161\" id=\"_7a3f8365-b84a-4e4c-a786-cc15516375a8\"><tr><td></td><td></td><td class=\"t m2 x658 hf y46c7 ff3 fs9 fc1 sc0 ls193 ws1b7\">Share<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x42f hf y46c7 ff3 fs9 fc1 sc0 ls193 ws1b7\">Share<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x26f hf y46c8 ff3 fs9 fc1 sc0 ls115 ws121\">Number of<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x503 hf y46c8 ff3 fs9 fc1 sc0 ls189 ws1ab\">capital<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xbad hf y46c8 ff3 fs9 fc1 sc0 ls193 ws1b7\">premiu<span class=\"_ _0\"></span>m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 h10 y46c9 ff4 fs9 fc1 sc0 ls18 ws32\">Iss<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span>d sha<span class=\"_ _0\"></span>re ca<span class=\"_ _0\"></span>pi<span class=\"_ _0\"></span>tal<span class=\"_ _0\"></span>, ful<span class=\"_ _0\"></span>ly pa<span class=\"_ _0\"></span>id<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xac2 hf y46c9 ff3 fs9 fc1 sc0 ls168 ws183\">shares<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 hf y46c9 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y46c9 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y4121 wbb h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">As at 1 J<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>uar<span class=\"_ _3\"></span>y 20<span class=\"_ _0\"></span>23<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15fd y4121 w4a5 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5,973,253,500<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15fe y4121 w42 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">149<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1281 y4121 w37 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,018<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4158 wad h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Opt<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns exe<span class=\"_ _0\"></span>rcis<span class=\"_ _0\"></span>ed u<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>er s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>e opt<span class=\"_ _0\"></span>ion s<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15ff y4158 w498 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">6,324,780<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1600 y4158 wbd h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14fa y4158 w39 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">12<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae wc4 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">As at 3<span class=\"_ _0\"></span>1 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>23<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1601 y40ae w4a5 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5,979,578,280<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1602 y40ae w42 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">149<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa05 y40ae w37 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,030<span class=\"_ _3b2\"> </span></div></td></tr></table>1. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>Du<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g th<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar, 8<span class=\"_ _0\"></span>8,<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>417 shar<span class=\"_ _0\"></span>es w<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d an<span class=\"_ _0\"></span>d c<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>d u<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>e b<span class=\"_ _0\"></span>uy<span class=\"_ _0\"></span>ba<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>k pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>gr<span class=\"_ _0\"></span>am<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g 1.5% o<span class=\"_ _0\"></span>f op<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>ng i<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span>d 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 at a c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>st o<span class=\"_ _0\"></span>f \u00a3<span class=\"_ _0\"></span>201m in<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>ng s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>am<span class=\"_ _0\"></span>p du<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y. Th<span class=\"_ _0\"></span>ere is one cl<span class=\"_ _0\"></span>ass of ordin<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y sha<span class=\"_ _0\"></span>res of 2.5<span class=\"_ _0\"></span>p each<span class=\"_ _0\"></span>. All sh<span class=\"_ _0\"></span>ares iss<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span>d car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y equ<span class=\"_ _0\"></span>al voting ri<span class=\"_ _0\"></span>ghts<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e hol<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>s of the C<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pany<span class=\"_ _0\"></span>\u2019s ord<span class=\"_ _0\"></span>inar<span class=\"_ _3\"></span>y share<span class=\"_ _0\"></span>s are en<span class=\"_ _0\"></span>titl<span class=\"_ _0\"></span>ed to rec<span class=\"_ _0\"></span>ei<span class=\"_ _0\"></span>ve divi<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>nds as d<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>lare<span class=\"_ _0\"></span>d and are e<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>tle<span class=\"_ _0\"></span>d to one vote pe<span class=\"_ _0\"></span>r shar<span class=\"_ _0\"></span>e at share<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>lde<span class=\"_ _0\"></span>r me<span class=\"_ _0\"></span>etin<span class=\"_ _0\"></span>gs of the Co<span class=\"_ _0\"></span>mpany. (ii) <span class=\"_ _d\"> </span>Employee share pla<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p use<span class=\"_ _0\"></span>s the E<span class=\"_ _0\"></span>mpl<span class=\"_ _0\"></span>oyee<span class=\"_ _0\"></span>s\u2019 S<span class=\"_ _0\"></span>hare O<span class=\"_ _0\"></span>wne<span class=\"_ _0\"></span>rsh<span class=\"_ _0\"></span>ip T<span class=\"_ _1\"></span>rust (E<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>OT<span class=\"_ _0\"></span>) and th<span class=\"_ _0\"></span>e Le<span class=\"_ _0\"></span>gal &amp; Ge<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>ral G<span class=\"_ _0\"></span>roup E<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>loye<span class=\"_ _0\"></span>e Sh<span class=\"_ _0\"></span>are Pla<span class=\"_ _0\"></span>n (ES<span class=\"_ _0\"></span>P) to purc<span class=\"_ _0\"></span>hase a<span class=\"_ _0\"></span>nd ho<span class=\"_ _0\"></span>ld share<span class=\"_ _0\"></span>s of the Group for de<span class=\"_ _0\"></span>live<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y to empl<span class=\"_ _0\"></span>oyees u<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>r vario<span class=\"_ _0\"></span>us em<span class=\"_ _0\"></span>ploye<span class=\"_ _0\"></span>e share pl<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>. Sha<span class=\"_ _0\"></span>res owne<span class=\"_ _0\"></span>d by these vehi<span class=\"_ _0\"></span>cle<span class=\"_ _0\"></span>s are incl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>d at cost in th<span class=\"_ _0\"></span>e Co<span class=\"_ _0\"></span>nsol<span class=\"_ _0\"></span>idated B<span class=\"_ _0\"></span>alan<span class=\"_ _0\"></span>ce S<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>et and are sh<span class=\"_ _0\"></span>own as a dedu<span class=\"_ _0\"></span>ctio<span class=\"_ _0\"></span>n from sh<span class=\"_ _0\"></span>areh<span class=\"_ _0\"></span>old<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s\u2019 equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y. They are disc<span class=\"_ _0\"></span>lose<span class=\"_ _0\"></span>d as emp<span class=\"_ _0\"></span>loye<span class=\"_ _0\"></span>e plan sha<span class=\"_ _0\"></span>res until th<span class=\"_ _0\"></span>ey vest<span class=\"_ gsec\"> </span>to emp<span class=\"_ _0\"></span>loye<span class=\"_ _0\"></span>es. S<span class=\"_ _0\"></span>hare<span class=\"_ _3\"></span>-<span class=\"_ _0\"></span>base<span class=\"_ _0\"></span>d liabi<span class=\"_ _0\"></span>liti<span class=\"_ _0\"></span>es to employe<span class=\"_ _0\"></span>es may also b<span class=\"_ _0\"></span>e set<span class=\"_ _0\"></span>tle<span class=\"_ _0\"></span>d via pur<span class=\"_ _0\"></span>chas<span class=\"_ _0\"></span>es dire<span class=\"_ _0\"></span>ctl<span class=\"_ _0\"></span>y from th<span class=\"_ _0\"></span>e market or by the iss<span class=\"_ _0\"></span>ue of new share<span class=\"_ _0\"></span>s.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e ES<span class=\"_ _0\"></span>OT has waived its votin<span class=\"_ _0\"></span>g right<span class=\"_ _0\"></span>s and its rig<span class=\"_ _0\"></span>hts to some of the div<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>nds paya<span class=\"_ _0\"></span>ble on th<span class=\"_ _0\"></span>e share<span class=\"_ _0\"></span>s it hold<span class=\"_ _0\"></span>s. Em<span class=\"_ _0\"></span>ploye<span class=\"_ _0\"></span>es are en<span class=\"_ _0\"></span>titl<span class=\"_ _0\"></span>ed to divid<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>s on the sh<span class=\"_ _0\"></span>ares he<span class=\"_ _0\"></span>ld on the<span class=\"_ _0\"></span>ir be<span class=\"_ _0\"></span>half wit<span class=\"_ _0\"></span>hin the ES<span class=\"_ _0\"></span>P<span class=\"_ _1\"></span>.<span class=\"_ _3b2\"> </span><table class=\"s w4a8 h136\" id=\"_d0834007-4e6e-4d94-82a9-57ab89e11c4d\"><tr><td></td><td class=\"t m2 x430 h13 y46cd ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m2 x1c6 hf y46cd ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td></td></tr><tr><td></td><td class=\"t m2 x94b h13 y46ce ff5 fs9 fc1 sc0 ls18 ws0\">Nu<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r of<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x431 h13 y46ce ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x94c hf y46ce ff3 fs9 fc1 sc0 ls115 ws121\">Number of<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y46ce ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x13dc h13 y46cf ff5 fs9 fc1 sc0 ls38 ws3a\">shares<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x433 h13 y46cf ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x503 hf y46cf ff3 fs9 fc1 sc0 ls168 ws183\">shares<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y46cf ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y419a w1d8 h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws0\">As a<span class=\"_ _0\"></span>t 1 Ja<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x160d y419a w489 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">62,178,791<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1582 y419a w4a h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">147<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x160e y419a w499 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">60,807,213<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x160f y419a w4b h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">144<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 wae h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10a ws5a\">Shares purchased<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1610 y4121 w487 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">14,428,772<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1611 y4121 w7b h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">33<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1612 y4121 w498 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">8,093,113<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf2b y4121 w39 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">18<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ac wb0 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10a ws5a\">Shares vested<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1613 y40ac w48d h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(7,190,290)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1614 y40ac w41 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(17)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1615 y40ac w49c h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(6,721,535)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb32 y40ac w71 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(15)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w1db h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls12e wsca\">As at<span class=\"_ _1\"></span> 31<span class=\"_ _1\"></span> December<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1616 y40ae w487 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">69,417,273<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1617 y40ae w4a h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">163<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1618 y40ae w49f h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">62,178,791<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x639 y40ae w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">147</div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIssuedCapitalExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-693": {
   "value": "34<span class=\"_ _1\"></span><span class=\"ls8d ws0\">. <span class=\"_ _10\"> </span>Share ca<span class=\"_ _1\"></span>pi<span class=\"_ _1\"></span>tal, share pre<span class=\"_ _1\"></span>m<span class=\"_ _0\"></span>ium and em<span class=\"_ _1\"></span>p<span class=\"_ _1\"></span>lo<span class=\"_ _1\"></span>y<span class=\"_ _1\"></span>ee sc<span class=\"_ _1\"></span>h<span class=\"_ _1\"></span>eme tre<span class=\"_ _1\"></span>asur<span class=\"_ _3\"></span>y shares<span class=\"_ _3b2\"> </span></span>(<span class=\"_ _1\"></span>i) <span class=\"_ _8\"> </span>Share capital a<span class=\"_ _0\"></span>nd sha<span class=\"_ _0\"></span>re premium<span class=\"_ _3b2\"> </span><table class=\"s w4a2 h1bf\" id=\"_af6b85b3-33e7-45f0-828c-f1e615a24c5b\"><tr><td></td><td class=\"t m2 x430 h13 y46c4 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m2 x1c6 hf y46c4 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td></td></tr><tr><td></td><td class=\"t m2 x94b h13 y46c5 ff5 fs9 fc1 sc0 ls18 ws0\">Nu<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r of<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x431 h13 y46c5 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x94c hf y46c5 ff3 fs9 fc1 sc0 ls115 ws121\">Number of<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y46c5 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 h13 y46c6 ff5 fs9 fc1 sc0 ls3b ws4d\">Authorised share<span class=\"_ _1\"></span> capital<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x13dc h13 y46c6 ff5 fs9 fc1 sc0 ls38 ws3a\">shares<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x433 h13 y46c6 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x503 hf y46c6 ff3 fs9 fc1 sc0 ls168 ws183\">shares<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y46c6 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y40ae w4a3 h117\"><div class=\"t m2 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">At 31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>: ordi<span class=\"_ _0\"></span>nar<span class=\"_ _3\"></span>y share<span class=\"_ _0\"></span>s of <span class=\"_ _1\"></span>2.<span class=\"_ _0\"></span>5p ea<span class=\"_ _0\"></span>ch<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15fa y40ae w4a4 h116\"><div class=\"t m2 x1ca hc y4084 ff6 fs6 fc1 sc0 ls56 ws55\">9,200,000,000<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15fb y40ae w4a h116\"><div class=\"t m2 x1ca hc y4084 ff5 fs6 fc1 sc0 ls56 ws55\">230<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15fc y40ae w4a5 h117\"><div class=\"t m2 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">9,200,000,000<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x855 y40ae w42 h116\"><div class=\"t m2 x1ca hc y4084 ff3 fs6 fc1 sc0 ls56 ws55\">230<span class=\"_ _3b2\"> </span></div></td></tr></table><table class=\"s w469 h1c0\" id=\"_0004f390-af0e-4a7d-b426-8b83545ac8cb\"><tr><td></td><td></td><td class=\"t m2 x658 h13 y46ca ff5 fs9 fc1 sc0 ls38 ws3a\">Share<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x32c h13 y46ca ff5 fs9 fc1 sc0 ls38 ws3a\">Share<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x493 h13 y46cb ff5 fs9 fc1 sc0 ls18 ws0\">Nu<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r of<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x4e8 h13 y46cb ff5 fs9 fc1 sc0 ls29 ws30\">capital<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xd18 h13 y46cb ff5 fs9 fc1 sc0 ls38 ws3a\">premium<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 h13 y46cc ff6 fs9 fc1 sc0 ls18 ws32\">Is<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d sha<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e cap<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l, fu<span class=\"_ _0\"></span>ll<span class=\"_ _0\"></span>y pa<span class=\"_ _0\"></span>id<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x75b h13 y46cc ff5 fs9 fc1 sc0 ls38 ws3a\">shares<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 h13 y46cc ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 h13 y46cc ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y40c2 wa2 h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws0\">As a<span class=\"_ _0\"></span>t 1 Ja<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y 20<span class=\"_ _0\"></span>24<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1603 y40c2 w4a4 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">5,979,578,280<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x225 y40c2 w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">149<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1604 y40c2 w36 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">1,030<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y419e w41b h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10e ws54\">Cancellation of<span class=\"_ _1\"></span> shares under sha<span class=\"_ _1\"></span>re buyback programme</div><div class=\"t m2 x14d2 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1605 y4193 w4a7 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">(88,835,417)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1606 y4193 w6d h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">(2)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1607 y4193 wa6 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4108 wad h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Opt<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns exe<span class=\"_ _0\"></span>rcis<span class=\"_ _0\"></span>ed u<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>er s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>e opt<span class=\"_ _0\"></span>ion s<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1608 y4108 w488 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">2,436,776<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1609 y4108 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x160a y4108 w59 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">6<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae wb8 h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws0\">As a<span class=\"_ _0\"></span>t 31 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>24<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x160b y40ae w4a4 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">5,893,179,639<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x160c y40ae w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">147<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x77a y40ae w36 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">1,036<span class=\"_ _3b2\"> </span></div></td></tr></table><table class=\"s w4a6 h161\" id=\"_7a3f8365-b84a-4e4c-a786-cc15516375a8\"><tr><td></td><td></td><td class=\"t m2 x658 hf y46c7 ff3 fs9 fc1 sc0 ls193 ws1b7\">Share<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x42f hf y46c7 ff3 fs9 fc1 sc0 ls193 ws1b7\">Share<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x26f hf y46c8 ff3 fs9 fc1 sc0 ls115 ws121\">Number of<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x503 hf y46c8 ff3 fs9 fc1 sc0 ls189 ws1ab\">capital<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xbad hf y46c8 ff3 fs9 fc1 sc0 ls193 ws1b7\">premiu<span class=\"_ _0\"></span>m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 h10 y46c9 ff4 fs9 fc1 sc0 ls18 ws32\">Iss<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span>d sha<span class=\"_ _0\"></span>re ca<span class=\"_ _0\"></span>pi<span class=\"_ _0\"></span>tal<span class=\"_ _0\"></span>, ful<span class=\"_ _0\"></span>ly pa<span class=\"_ _0\"></span>id<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xac2 hf y46c9 ff3 fs9 fc1 sc0 ls168 ws183\">shares<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 hf y46c9 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y46c9 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y4121 wbb h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">As at 1 J<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>uar<span class=\"_ _3\"></span>y 20<span class=\"_ _0\"></span>23<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15fd y4121 w4a5 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5,973,253,500<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15fe y4121 w42 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">149<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1281 y4121 w37 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,018<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4158 wad h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Opt<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns exe<span class=\"_ _0\"></span>rcis<span class=\"_ _0\"></span>ed u<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>er s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>e opt<span class=\"_ _0\"></span>ion s<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15ff y4158 w498 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">6,324,780<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1600 y4158 wbd h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14fa y4158 w39 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">12<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae wc4 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">As at 3<span class=\"_ _0\"></span>1 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>23<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1601 y40ae w4a5 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5,979,578,280<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1602 y40ae w42 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">149<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa05 y40ae w37 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,030<span class=\"_ _3b2\"> </span></div></td></tr></table>1. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>Du<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g th<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar, 8<span class=\"_ _0\"></span>8,<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>417 shar<span class=\"_ _0\"></span>es w<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d an<span class=\"_ _0\"></span>d c<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>d u<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>e b<span class=\"_ _0\"></span>uy<span class=\"_ _0\"></span>ba<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>k pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>gr<span class=\"_ _0\"></span>am<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g 1.5% o<span class=\"_ _0\"></span>f op<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>ng i<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span>d 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 at a c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>st o<span class=\"_ _0\"></span>f \u00a3<span class=\"_ _0\"></span>201m in<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>ng s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>am<span class=\"_ _0\"></span>p du<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y. Th<span class=\"_ _0\"></span>ere is one cl<span class=\"_ _0\"></span>ass of ordin<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y sha<span class=\"_ _0\"></span>res of 2.5<span class=\"_ _0\"></span>p each<span class=\"_ _0\"></span>. All sh<span class=\"_ _0\"></span>ares iss<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span>d car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y equ<span class=\"_ _0\"></span>al voting ri<span class=\"_ _0\"></span>ghts<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e hol<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>s of the C<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pany<span class=\"_ _0\"></span>\u2019s ord<span class=\"_ _0\"></span>inar<span class=\"_ _3\"></span>y share<span class=\"_ _0\"></span>s are en<span class=\"_ _0\"></span>titl<span class=\"_ _0\"></span>ed to rec<span class=\"_ _0\"></span>ei<span class=\"_ _0\"></span>ve divi<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>nds as d<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>lare<span class=\"_ _0\"></span>d and are e<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>tle<span class=\"_ _0\"></span>d to one vote pe<span class=\"_ _0\"></span>r shar<span class=\"_ _0\"></span>e at share<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>lde<span class=\"_ _0\"></span>r me<span class=\"_ _0\"></span>etin<span class=\"_ _0\"></span>gs of the Co<span class=\"_ _0\"></span>mpany. (ii) <span class=\"_ _d\"> </span>Employee share pla<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p use<span class=\"_ _0\"></span>s the E<span class=\"_ _0\"></span>mpl<span class=\"_ _0\"></span>oyee<span class=\"_ _0\"></span>s\u2019 S<span class=\"_ _0\"></span>hare O<span class=\"_ _0\"></span>wne<span class=\"_ _0\"></span>rsh<span class=\"_ _0\"></span>ip T<span class=\"_ _1\"></span>rust (E<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>OT<span class=\"_ _0\"></span>) and th<span class=\"_ _0\"></span>e Le<span class=\"_ _0\"></span>gal &amp; Ge<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>ral G<span class=\"_ _0\"></span>roup E<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>loye<span class=\"_ _0\"></span>e Sh<span class=\"_ _0\"></span>are Pla<span class=\"_ _0\"></span>n (ES<span class=\"_ _0\"></span>P) to purc<span class=\"_ _0\"></span>hase a<span class=\"_ _0\"></span>nd ho<span class=\"_ _0\"></span>ld share<span class=\"_ _0\"></span>s of the Group for de<span class=\"_ _0\"></span>live<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y to empl<span class=\"_ _0\"></span>oyees u<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>r vario<span class=\"_ _0\"></span>us em<span class=\"_ _0\"></span>ploye<span class=\"_ _0\"></span>e share pl<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>. Sha<span class=\"_ _0\"></span>res owne<span class=\"_ _0\"></span>d by these vehi<span class=\"_ _0\"></span>cle<span class=\"_ _0\"></span>s are incl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>d at cost in th<span class=\"_ _0\"></span>e Co<span class=\"_ _0\"></span>nsol<span class=\"_ _0\"></span>idated B<span class=\"_ _0\"></span>alan<span class=\"_ _0\"></span>ce S<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>et and are sh<span class=\"_ _0\"></span>own as a dedu<span class=\"_ _0\"></span>ctio<span class=\"_ _0\"></span>n from sh<span class=\"_ _0\"></span>areh<span class=\"_ _0\"></span>old<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s\u2019 equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y. They are disc<span class=\"_ _0\"></span>lose<span class=\"_ _0\"></span>d as emp<span class=\"_ _0\"></span>loye<span class=\"_ _0\"></span>e plan sha<span class=\"_ _0\"></span>res until th<span class=\"_ _0\"></span>ey vest<span class=\"_ gsec\"> </span>to emp<span class=\"_ _0\"></span>loye<span class=\"_ _0\"></span>es. S<span class=\"_ _0\"></span>hare<span class=\"_ _3\"></span>-<span class=\"_ _0\"></span>base<span class=\"_ _0\"></span>d liabi<span class=\"_ _0\"></span>liti<span class=\"_ _0\"></span>es to employe<span class=\"_ _0\"></span>es may also b<span class=\"_ _0\"></span>e set<span class=\"_ _0\"></span>tle<span class=\"_ _0\"></span>d via pur<span class=\"_ _0\"></span>chas<span class=\"_ _0\"></span>es dire<span class=\"_ _0\"></span>ctl<span class=\"_ _0\"></span>y from th<span class=\"_ _0\"></span>e market or by the iss<span class=\"_ _0\"></span>ue of new share<span class=\"_ _0\"></span>s.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e ES<span class=\"_ _0\"></span>OT has waived its votin<span class=\"_ _0\"></span>g right<span class=\"_ _0\"></span>s and its rig<span class=\"_ _0\"></span>hts to some of the div<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>nds paya<span class=\"_ _0\"></span>ble on th<span class=\"_ _0\"></span>e share<span class=\"_ _0\"></span>s it hold<span class=\"_ _0\"></span>s. Em<span class=\"_ _0\"></span>ploye<span class=\"_ _0\"></span>es are en<span class=\"_ _0\"></span>titl<span class=\"_ _0\"></span>ed to divid<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>s on the sh<span class=\"_ _0\"></span>ares he<span class=\"_ _0\"></span>ld on the<span class=\"_ _0\"></span>ir be<span class=\"_ _0\"></span>half wit<span class=\"_ _0\"></span>hin the ES<span class=\"_ _0\"></span>P<span class=\"_ _1\"></span>.<span class=\"_ _3b2\"> </span><table class=\"s w4a8 h136\" id=\"_d0834007-4e6e-4d94-82a9-57ab89e11c4d\"><tr><td></td><td class=\"t m2 x430 h13 y46cd ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m2 x1c6 hf y46cd ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td></td></tr><tr><td></td><td class=\"t m2 x94b h13 y46ce ff5 fs9 fc1 sc0 ls18 ws0\">Nu<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r of<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x431 h13 y46ce ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x94c hf y46ce ff3 fs9 fc1 sc0 ls115 ws121\">Number of<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y46ce ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x13dc h13 y46cf ff5 fs9 fc1 sc0 ls38 ws3a\">shares<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x433 h13 y46cf ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x503 hf y46cf ff3 fs9 fc1 sc0 ls168 ws183\">shares<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y46cf ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y419a w1d8 h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws0\">As a<span class=\"_ _0\"></span>t 1 Ja<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x160d y419a w489 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">62,178,791<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1582 y419a w4a h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">147<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x160e y419a w499 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">60,807,213<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x160f y419a w4b h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">144<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 wae h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10a ws5a\">Shares purchased<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1610 y4121 w487 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">14,428,772<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1611 y4121 w7b h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">33<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1612 y4121 w498 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">8,093,113<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf2b y4121 w39 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">18<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ac wb0 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10a ws5a\">Shares vested<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1613 y40ac w48d h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(7,190,290)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1614 y40ac w41 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(17)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1615 y40ac w49c h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(6,721,535)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb32 y40ac w71 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(15)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w1db h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls12e wsca\">As at<span class=\"_ _1\"></span> 31<span class=\"_ _1\"></span> December<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1616 y40ae w487 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">69,417,273<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1617 y40ae w4a h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">163<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1618 y40ae w49f h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">62,178,791<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x639 y40ae w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">147</div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfReservesAndOtherEquityInterestExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-714": {
   "value": "34<span class=\"_ _1\"></span><span class=\"ls8d ws0\">. <span class=\"_ _10\"> </span>Share ca<span class=\"_ _1\"></span>pi<span class=\"_ _1\"></span>tal, share pre<span class=\"_ _1\"></span>m<span class=\"_ _0\"></span>ium and em<span class=\"_ _1\"></span>p<span class=\"_ _1\"></span>lo<span class=\"_ _1\"></span>y<span class=\"_ _1\"></span>ee sc<span class=\"_ _1\"></span>h<span class=\"_ _1\"></span>eme tre<span class=\"_ _1\"></span>asur<span class=\"_ _3\"></span>y shares<span class=\"_ _3b2\"> </span></span>(<span class=\"_ _1\"></span>i) <span class=\"_ _8\"> </span>Share capital a<span class=\"_ _0\"></span>nd sha<span class=\"_ _0\"></span>re premium<span class=\"_ _3b2\"> </span><table class=\"s w4a2 h1bf\" id=\"_af6b85b3-33e7-45f0-828c-f1e615a24c5b\"><tr><td></td><td class=\"t m2 x430 h13 y46c4 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m2 x1c6 hf y46c4 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td></td></tr><tr><td></td><td class=\"t m2 x94b h13 y46c5 ff5 fs9 fc1 sc0 ls18 ws0\">Nu<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r of<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x431 h13 y46c5 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x94c hf y46c5 ff3 fs9 fc1 sc0 ls115 ws121\">Number of<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y46c5 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 h13 y46c6 ff5 fs9 fc1 sc0 ls3b ws4d\">Authorised share<span class=\"_ _1\"></span> capital<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x13dc h13 y46c6 ff5 fs9 fc1 sc0 ls38 ws3a\">shares<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x433 h13 y46c6 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x503 hf y46c6 ff3 fs9 fc1 sc0 ls168 ws183\">shares<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y46c6 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y40ae w4a3 h117\"><div class=\"t m2 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">At 31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>: ordi<span class=\"_ _0\"></span>nar<span class=\"_ _3\"></span>y share<span class=\"_ _0\"></span>s of <span class=\"_ _1\"></span>2.<span class=\"_ _0\"></span>5p ea<span class=\"_ _0\"></span>ch<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15fa y40ae w4a4 h116\"><div class=\"t m2 x1ca hc y4084 ff6 fs6 fc1 sc0 ls56 ws55\">9,200,000,000<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15fb y40ae w4a h116\"><div class=\"t m2 x1ca hc y4084 ff5 fs6 fc1 sc0 ls56 ws55\">230<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15fc y40ae w4a5 h117\"><div class=\"t m2 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">9,200,000,000<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x855 y40ae w42 h116\"><div class=\"t m2 x1ca hc y4084 ff3 fs6 fc1 sc0 ls56 ws55\">230<span class=\"_ _3b2\"> </span></div></td></tr></table><table class=\"s w469 h1c0\" id=\"_0004f390-af0e-4a7d-b426-8b83545ac8cb\"><tr><td></td><td></td><td class=\"t m2 x658 h13 y46ca ff5 fs9 fc1 sc0 ls38 ws3a\">Share<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x32c h13 y46ca ff5 fs9 fc1 sc0 ls38 ws3a\">Share<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x493 h13 y46cb ff5 fs9 fc1 sc0 ls18 ws0\">Nu<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r of<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x4e8 h13 y46cb ff5 fs9 fc1 sc0 ls29 ws30\">capital<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xd18 h13 y46cb ff5 fs9 fc1 sc0 ls38 ws3a\">premium<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 h13 y46cc ff6 fs9 fc1 sc0 ls18 ws32\">Is<span class=\"_ _0\"></span>su<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d sha<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>e cap<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>l, fu<span class=\"_ _0\"></span>ll<span class=\"_ _0\"></span>y pa<span class=\"_ _0\"></span>id<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x75b h13 y46cc ff5 fs9 fc1 sc0 ls38 ws3a\">shares<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 h13 y46cc ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 h13 y46cc ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y40c2 wa2 h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws0\">As a<span class=\"_ _0\"></span>t 1 Ja<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y 20<span class=\"_ _0\"></span>24<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1603 y40c2 w4a4 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">5,979,578,280<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x225 y40c2 w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">149<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1604 y40c2 w36 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">1,030<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y419e w41b h11a\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls10e ws54\">Cancellation of<span class=\"_ _1\"></span> shares under sha<span class=\"_ _1\"></span>re buyback programme</div><div class=\"t m2 x14d2 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1605 y4193 w4a7 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">(88,835,417)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1606 y4193 w6d h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws55\">(2)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1607 y4193 wa6 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4108 wad h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Opt<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns exe<span class=\"_ _0\"></span>rcis<span class=\"_ _0\"></span>ed u<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>er s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>e opt<span class=\"_ _0\"></span>ion s<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1608 y4108 w488 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">2,436,776<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1609 y4108 wa5 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x160a y4108 w59 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">6<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae wb8 h118\"><div class=\"t m2 x1ca hb y40f3 ff5 fs6 fc1 sc0 ls56 ws0\">As a<span class=\"_ _0\"></span>t 31 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>24<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x160b y40ae w4a4 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">5,893,179,639<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x160c y40ae w4a h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">147<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x77a y40ae w36 h118\"><div class=\"t m2 x1ca hb y40f3 ff6 fs6 fc1 sc0 ls56 ws55\">1,036<span class=\"_ _3b2\"> </span></div></td></tr></table><table class=\"s w4a6 h161\" id=\"_7a3f8365-b84a-4e4c-a786-cc15516375a8\"><tr><td></td><td></td><td class=\"t m2 x658 hf y46c7 ff3 fs9 fc1 sc0 ls193 ws1b7\">Share<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x42f hf y46c7 ff3 fs9 fc1 sc0 ls193 ws1b7\">Share<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x26f hf y46c8 ff3 fs9 fc1 sc0 ls115 ws121\">Number of<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x503 hf y46c8 ff3 fs9 fc1 sc0 ls189 ws1ab\">capital<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xbad hf y46c8 ff3 fs9 fc1 sc0 ls193 ws1b7\">premiu<span class=\"_ _0\"></span>m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 h10 y46c9 ff4 fs9 fc1 sc0 ls18 ws32\">Iss<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span>d sha<span class=\"_ _0\"></span>re ca<span class=\"_ _0\"></span>pi<span class=\"_ _0\"></span>tal<span class=\"_ _0\"></span>, ful<span class=\"_ _0\"></span>ly pa<span class=\"_ _0\"></span>id<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xac2 hf y46c9 ff3 fs9 fc1 sc0 ls168 ws183\">shares<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 hf y46c9 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y46c9 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y4121 wbb h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">As at 1 J<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>uar<span class=\"_ _3\"></span>y 20<span class=\"_ _0\"></span>23<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15fd y4121 w4a5 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5,973,253,500<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15fe y4121 w42 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">149<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1281 y4121 w37 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,018<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4158 wad h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Opt<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns exe<span class=\"_ _0\"></span>rcis<span class=\"_ _0\"></span>ed u<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>er s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>e opt<span class=\"_ _0\"></span>ion s<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15ff y4158 w498 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">6,324,780<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1600 y4158 wbd h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14fa y4158 w39 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">12<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae wc4 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">As at 3<span class=\"_ _0\"></span>1 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>23<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1601 y40ae w4a5 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">5,979,578,280<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1602 y40ae w42 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">149<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa05 y40ae w37 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,030<span class=\"_ _3b2\"> </span></div></td></tr></table>1. <span class=\"_ _15\"> </span> <span class=\"_ _9\"></span>Du<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g th<span class=\"_ _0\"></span>e ye<span class=\"_ _0\"></span>ar, 8<span class=\"_ _0\"></span>8,<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>417 shar<span class=\"_ _0\"></span>es w<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d an<span class=\"_ _0\"></span>d c<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>d u<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r th<span class=\"_ _0\"></span>e sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>e b<span class=\"_ _0\"></span>uy<span class=\"_ _0\"></span>ba<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>k pr<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>gr<span class=\"_ _0\"></span>am<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g 1.5% o<span class=\"_ _0\"></span>f op<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>ng i<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span>d 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 at a c<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>st o<span class=\"_ _0\"></span>f \u00a3<span class=\"_ _0\"></span>201m in<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>ng s<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>am<span class=\"_ _0\"></span>p du<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y. Th<span class=\"_ _0\"></span>ere is one cl<span class=\"_ _0\"></span>ass of ordin<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y sha<span class=\"_ _0\"></span>res of 2.5<span class=\"_ _0\"></span>p each<span class=\"_ _0\"></span>. All sh<span class=\"_ _0\"></span>ares iss<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span>d car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y equ<span class=\"_ _0\"></span>al voting ri<span class=\"_ _0\"></span>ghts<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e hol<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>s of the C<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pany<span class=\"_ _0\"></span>\u2019s ord<span class=\"_ _0\"></span>inar<span class=\"_ _3\"></span>y share<span class=\"_ _0\"></span>s are en<span class=\"_ _0\"></span>titl<span class=\"_ _0\"></span>ed to rec<span class=\"_ _0\"></span>ei<span class=\"_ _0\"></span>ve divi<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>nds as d<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>lare<span class=\"_ _0\"></span>d and are e<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>tle<span class=\"_ _0\"></span>d to one vote pe<span class=\"_ _0\"></span>r shar<span class=\"_ _0\"></span>e at share<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>lde<span class=\"_ _0\"></span>r me<span class=\"_ _0\"></span>etin<span class=\"_ _0\"></span>gs of the Co<span class=\"_ _0\"></span>mpany. (ii) <span class=\"_ _d\"> </span>Employee share pla<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p use<span class=\"_ _0\"></span>s the E<span class=\"_ _0\"></span>mpl<span class=\"_ _0\"></span>oyee<span class=\"_ _0\"></span>s\u2019 S<span class=\"_ _0\"></span>hare O<span class=\"_ _0\"></span>wne<span class=\"_ _0\"></span>rsh<span class=\"_ _0\"></span>ip T<span class=\"_ _1\"></span>rust (E<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>OT<span class=\"_ _0\"></span>) and th<span class=\"_ _0\"></span>e Le<span class=\"_ _0\"></span>gal &amp; Ge<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>ral G<span class=\"_ _0\"></span>roup E<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>loye<span class=\"_ _0\"></span>e Sh<span class=\"_ _0\"></span>are Pla<span class=\"_ _0\"></span>n (ES<span class=\"_ _0\"></span>P) to purc<span class=\"_ _0\"></span>hase a<span class=\"_ _0\"></span>nd ho<span class=\"_ _0\"></span>ld share<span class=\"_ _0\"></span>s of the Group for de<span class=\"_ _0\"></span>live<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y to empl<span class=\"_ _0\"></span>oyees u<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>r vario<span class=\"_ _0\"></span>us em<span class=\"_ _0\"></span>ploye<span class=\"_ _0\"></span>e share pl<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>. Sha<span class=\"_ _0\"></span>res owne<span class=\"_ _0\"></span>d by these vehi<span class=\"_ _0\"></span>cle<span class=\"_ _0\"></span>s are incl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>d at cost in th<span class=\"_ _0\"></span>e Co<span class=\"_ _0\"></span>nsol<span class=\"_ _0\"></span>idated B<span class=\"_ _0\"></span>alan<span class=\"_ _0\"></span>ce S<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>et and are sh<span class=\"_ _0\"></span>own as a dedu<span class=\"_ _0\"></span>ctio<span class=\"_ _0\"></span>n from sh<span class=\"_ _0\"></span>areh<span class=\"_ _0\"></span>old<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s\u2019 equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y. They are disc<span class=\"_ _0\"></span>lose<span class=\"_ _0\"></span>d as emp<span class=\"_ _0\"></span>loye<span class=\"_ _0\"></span>e plan sha<span class=\"_ _0\"></span>res until th<span class=\"_ _0\"></span>ey vest<span class=\"_ gsec\"> </span>to emp<span class=\"_ _0\"></span>loye<span class=\"_ _0\"></span>es. S<span class=\"_ _0\"></span>hare<span class=\"_ _3\"></span>-<span class=\"_ _0\"></span>base<span class=\"_ _0\"></span>d liabi<span class=\"_ _0\"></span>liti<span class=\"_ _0\"></span>es to employe<span class=\"_ _0\"></span>es may also b<span class=\"_ _0\"></span>e set<span class=\"_ _0\"></span>tle<span class=\"_ _0\"></span>d via pur<span class=\"_ _0\"></span>chas<span class=\"_ _0\"></span>es dire<span class=\"_ _0\"></span>ctl<span class=\"_ _0\"></span>y from th<span class=\"_ _0\"></span>e market or by the iss<span class=\"_ _0\"></span>ue of new share<span class=\"_ _0\"></span>s.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e ES<span class=\"_ _0\"></span>OT has waived its votin<span class=\"_ _0\"></span>g right<span class=\"_ _0\"></span>s and its rig<span class=\"_ _0\"></span>hts to some of the div<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>nds paya<span class=\"_ _0\"></span>ble on th<span class=\"_ _0\"></span>e share<span class=\"_ _0\"></span>s it hold<span class=\"_ _0\"></span>s. Em<span class=\"_ _0\"></span>ploye<span class=\"_ _0\"></span>es are en<span class=\"_ _0\"></span>titl<span class=\"_ _0\"></span>ed to divid<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>s on the sh<span class=\"_ _0\"></span>ares he<span class=\"_ _0\"></span>ld on the<span class=\"_ _0\"></span>ir be<span class=\"_ _0\"></span>half wit<span class=\"_ _0\"></span>hin the ES<span class=\"_ _0\"></span>P<span class=\"_ _1\"></span>.<span class=\"_ _3b2\"> </span><table class=\"s w4a8 h136\" id=\"_d0834007-4e6e-4d94-82a9-57ab89e11c4d\"><tr><td></td><td class=\"t m2 x430 h13 y46cd ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m2 x1c6 hf y46cd ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td></td></tr><tr><td></td><td class=\"t m2 x94b h13 y46ce ff5 fs9 fc1 sc0 ls18 ws0\">Nu<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r of<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x431 h13 y46ce ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x94c hf y46ce ff3 fs9 fc1 sc0 ls115 ws121\">Number of<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y46ce ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x13dc h13 y46cf ff5 fs9 fc1 sc0 ls38 ws3a\">shares<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x433 h13 y46cf ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x503 hf y46cf ff3 fs9 fc1 sc0 ls168 ws183\">shares<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y46cf ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y419a w1d8 h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws0\">As a<span class=\"_ _0\"></span>t 1 Ja<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x160d y419a w489 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">62,178,791<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1582 y419a w4a h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">147<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x160e y419a w499 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">60,807,213<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x160f y419a w4b h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">144<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 wae h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10a ws5a\">Shares purchased<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1610 y4121 w487 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">14,428,772<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1611 y4121 w7b h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">33<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1612 y4121 w498 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">8,093,113<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf2b y4121 w39 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">18<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ac wb0 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10a ws5a\">Shares vested<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1613 y40ac w48d h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(7,190,290)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1614 y40ac w41 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">(17)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1615 y40ac w49c h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">(6,721,535)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb32 y40ac w71 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">(15)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w1db h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls12e wsca\">As at<span class=\"_ _1\"></span> 31<span class=\"_ _1\"></span> December<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1616 y40ae w487 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">69,417,273<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1617 y40ae w4a h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">163<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1618 y40ae w49f h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">62,178,791<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x639 y40ae w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">147</div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTreasurySharesExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-614": {
   "value": "<div class=\"t m2 he ff1 fs8 fc2 sc0 ls104 wsb2 gsa13\">35<span class=\"ls8d ws0\">. <span class=\"_ _2e\"> </span>Restr<span class=\"_ _0\"></span>icted T<span class=\"_ _1\"></span>ie<span class=\"_ _1\"></span>r <span class=\"ls1\">1<span class=\"lsb2 wsb8\"> conve<span class=\"_ _0\"></span>r<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>ib<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span> not<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></span></span></span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 lsd ws7f gsa14\">On 24 June 202<span class=\"_ _0\"></span>0, Leg<span class=\"_ _0\"></span>al &amp; <span class=\"_ _1\"></span>Ge<span class=\"_ _0\"></span>ner<span class=\"_ _0\"></span>al Group Plc issu<span class=\"_ _0\"></span>ed \u00a35<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>m of <span class=\"_ _1\"></span>5.625% pe<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>etu<span class=\"_ _0\"></span>al restri<span class=\"_ _0\"></span>cted Ti<span class=\"_ _0\"></span>er 1 contin<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>nt conver<span class=\"_ _3\"></span>tibl<span class=\"_ _0\"></span>e notes. The notes are callab<span class=\"_ _0\"></span>le </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gsa15\">at par bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en 24 March 20<span class=\"_ _0\"></span>31 an<span class=\"_ _0\"></span>d 24 Septem<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 203<span class=\"_ _0\"></span>1 (the Firs<span class=\"_ _0\"></span>t Reset D<span class=\"_ _0\"></span>ate<span class=\"_ _1\"></span>) incl<span class=\"_ _0\"></span>usive an<span class=\"_ _0\"></span>d ever<span class=\"_ _0\"></span>y 5 year<span class=\"_ _0\"></span>s after th<span class=\"_ _0\"></span>e Fir<span class=\"_ _0\"></span>st Rese<span class=\"_ _0\"></span>t Date. If not calle<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>, </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gsa16\">the co<span class=\"_ _0\"></span>up<span class=\"_ _0\"></span>on fro<span class=\"_ _0\"></span>m 24 Septem<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2031 will b<span class=\"_ _0\"></span>e reset to the prevai<span class=\"_ _0\"></span>ling f<span class=\"_ _0\"></span>ive year b<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>hm<span class=\"_ _0\"></span>ark gil<span class=\"_ _0\"></span>t yie<span class=\"_ _0\"></span>ld plus 5<span class=\"_ _0\"></span>.378<span class=\"_ _0\"></span>%<span class=\"_ _0\"></span>. </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gsa17\">Th<span class=\"_ _0\"></span>e notes have no fixed ma<span class=\"_ _0\"></span>turi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y date. Opti<span class=\"_ _0\"></span>onal c<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ell<span class=\"_ _0\"></span>ation of co<span class=\"_ _0\"></span>upo<span class=\"_ _0\"></span>n paym<span class=\"_ _0\"></span>ents is at the disc<span class=\"_ _0\"></span>reti<span class=\"_ _0\"></span>on of the issu<span class=\"_ _0\"></span>er and ma<span class=\"_ _0\"></span>ndato<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y can<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>llatio<span class=\"_ _0\"></span>n is </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gsa18\">upo<span class=\"_ _0\"></span>n the oc<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nce of ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tai<span class=\"_ _0\"></span>n con<span class=\"_ _0\"></span>diti<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e Tie<span class=\"_ _0\"></span>r 1 notes are therefore tre<span class=\"_ _0\"></span>ated as equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y and co<span class=\"_ _0\"></span>up<span class=\"_ _0\"></span>on paym<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s are reco<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed dire<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ly in equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gsa19\">whe<span class=\"_ _0\"></span>n paid. D<span class=\"_ _0\"></span>uri<span class=\"_ _0\"></span>ng the yea<span class=\"_ _0\"></span>r coup<span class=\"_ _0\"></span>on pay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts of \u00a328<span class=\"_ _0\"></span>m were mad<span class=\"_ _0\"></span>e (202<span class=\"_ _0\"></span>3: \u00a3<span class=\"_ _0\"></span>28<span class=\"_ _0\"></span>m). <span class=\"_ _1\"></span>Th<span class=\"_ _0\"></span>e notes rank jun<span class=\"_ _0\"></span>ior to all other lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ties an<span class=\"_ _0\"></span>d senio<span class=\"_ _0\"></span>r to equit<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gsa1a\">at<span class=\"_ _0\"></span>trib<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e to <span class=\"_ _1\"></span>owne<span class=\"_ _0\"></span>rs of the pare<span class=\"_ _0\"></span>nt. O<span class=\"_ _0\"></span>n the oc<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>rren<span class=\"_ _0\"></span>ce of ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tai<span class=\"_ _0\"></span>n conve<span class=\"_ _0\"></span>rsio<span class=\"_ _0\"></span>n trig<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>r events the n<span class=\"_ _0\"></span>otes are conver<span class=\"_ _3\"></span>tibl<span class=\"_ _0\"></span>e into ordina<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y shar<span class=\"_ _0\"></span>es of the </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gsa1b\">issu<span class=\"_ _0\"></span>er at the preva<span class=\"_ _0\"></span>iling c<span class=\"_ _0\"></span>onver<span class=\"_ _0\"></span>sio<span class=\"_ _0\"></span>n pric<span class=\"_ _0\"></span>e.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gsa1c\">Th<span class=\"_ _0\"></span>e notes are treated as restr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ted Tie<span class=\"_ _0\"></span>r 1 own funds for S<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>venc<span class=\"_ _0\"></span>y II purp<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>s.</div>",
   "dimensions": {
    "concept": "legalandgeneral:DisclosureOfRestrictedTier1ConvertibleNotes",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-615": {
   "value": "<div class=\"t m2 he ff1 fs8 fc2 sc0 lsa9 wsaf gsa1e\">36<span class=\"lsa5 ws91\">. <span class=\"_ _10\"> </span>O<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span> l<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>abi<span class=\"_ _3\"></span>l<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></span></div><div class=\"gs53a\"><table class=\"s w15d h1c1\" id=\"_65a91a87-c0b8-43f8-838d-caaacdaae443\"><tr><td></td><td class=\"t m2 x1c6 h13 y46d0 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y46d0 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x1c8 h13 y46d1 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y46d1 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y40c0 w4a9 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls180 ws19b\">Accruals<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x209 y40c0 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">597<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x20a y40c0 w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">508<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c1 w4aa h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls12e wsca\">Def<span class=\"_ _1\"></span>erred i<span class=\"_ _1\"></span>ncome<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1619 y40c1 w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">12<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x161a y40c1 w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">29<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c2 w141 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 lsea ws122\">Othe<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x225 y40c2 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">341<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3b7 y40c2 w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">143<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w4ab h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws23\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> other liabilities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x563 y4121 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">950<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x564 y4121 w4b h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">680<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ac w242 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Du<span class=\"_ _0\"></span>e wit<span class=\"_ _0\"></span>hin 12 mon<span class=\"_ _0\"></span>ths<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x68a y40ac w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">922<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x161b y40ac w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">673<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w243 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Du<span class=\"_ _0\"></span>e af<span class=\"_ _0\"></span>ter 12 mont<span class=\"_ _0\"></span>hs<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x22f y40ae w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">28<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13bf y40ae w75 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">7</div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAccruedExpensesAndOtherLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-664": {
   "value": "<div class=\"t m2 he ff1 fs8 fc2 sc0 ls8d ws92 gsa20\">37<span class=\"_ _1c\"></span><span class=\"ws0\">. <span class=\"_ _14\"> </span>Rela<span class=\"_ _1\"></span>ted p<span class=\"_ _1\"></span>ar<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>y tra<span class=\"_ _0\"></span>nsactio<span class=\"_ _1\"></span>ns<span class=\"_ _3b2\"> </span></span></div><div class=\"t m2 h21 ff1 fs10 fc2 sc0 lsd4 wsdc gsa21\">(i<span class=\"_ _1\"></span>) <span class=\"_ _8\"> </span>K<span class=\"_ _0\"></span>ey<span class=\"_ _0\"></span> ma<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>gement p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>nel t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>sa<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span> comp<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>sat<span class=\"_ _0\"></span>ion<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gsa22\">Th<span class=\"_ _0\"></span>ere were no mater<span class=\"_ _0\"></span>ial tra<span class=\"_ _0\"></span>nsac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en key manag<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent an<span class=\"_ _0\"></span>d the L&amp;<span class=\"_ _0\"></span>G gro<span class=\"_ _0\"></span>up of com<span class=\"_ _0\"></span>pani<span class=\"_ _0\"></span>es dur<span class=\"_ _0\"></span>ing the yea<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>. All tran<span class=\"_ _0\"></span>sac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gsa23\">the<span class=\"_ gsec\"> </span>G<span class=\"_ _0\"></span>roup an<span class=\"_ _0\"></span>d its key manag<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent are on co<span class=\"_ _0\"></span>mm<span class=\"_ _0\"></span>erc<span class=\"_ _0\"></span>ial term<span class=\"_ _0\"></span>s which are n<span class=\"_ _0\"></span>o more favour<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e than tho<span class=\"_ _0\"></span>se availab<span class=\"_ _0\"></span>le to employe<span class=\"_ _0\"></span>es in ge<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>ral<span class=\"_ _0\"></span>. </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gsa24\">Co<span class=\"_ _0\"></span>ntri<span class=\"_ _0\"></span>bu<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s to the post-<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>loy<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t defi<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>d ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>t plan<span class=\"_ _0\"></span>s were \u00a37m (31 <span class=\"_ _1\"></span>De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>23<span class=\"_ _0\"></span>: \u00a31<span class=\"_ _1\"></span>3<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>m) <span class=\"_ _1\"></span>for all emp<span class=\"_ _0\"></span>loye<span class=\"_ _0\"></span>es.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gsa25\">At 31 Dec<span class=\"_ _0\"></span>emb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>24 and 31 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>23 th<span class=\"_ _0\"></span>ere were no lo<span class=\"_ _0\"></span>ans ou<span class=\"_ _0\"></span>tst<span class=\"_ _0\"></span>andi<span class=\"_ _0\"></span>ng to off<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ers of the C<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>any.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gsa26\">Th<span class=\"_ _0\"></span>e aggre<span class=\"_ _0\"></span>gate com<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nsati<span class=\"_ _0\"></span>on for key manag<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent pe<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>onn<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>, incl<span class=\"_ _0\"></span>udin<span class=\"_ _0\"></span>g execu<span class=\"_ _0\"></span>tive dire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tors<span class=\"_ _0\"></span>, non<span class=\"_ _0\"></span>-<span class=\"_ _3\"></span>execu<span class=\"_ _0\"></span>tive dire<span class=\"_ _0\"></span>cto<span class=\"_ _0\"></span>rs and th<span class=\"_ _0\"></span>e mem<span class=\"_ _0\"></span>ber<span class=\"_ _0\"></span>s of the </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gsa27\">Grou<span class=\"_ _0\"></span>p Mana<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t Com<span class=\"_ _0\"></span>mit<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>e is as follows:<span class=\"_ _3b2\"> </span></div><div class=\"gsa28\"><table class=\"s w4ac h1c2\" id=\"_79d2efbc-fc6f-495d-a4fb-9fb184a2db93\"><tr><td></td><td class=\"t m2 x1c6 h13 y46d2 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y46d2 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x1c8 h13 y46d3 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y46d3 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y4121 w4ad h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws132\">Salaries<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x161c y4121 w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">14<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x852 y4121 w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">12<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ac w46e h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Share<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>based incentive awards<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x22f y40ac w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">10<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13bf y40ac w75 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">8<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w4ae h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">Key man<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t per<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>l co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>sa<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1403 y40ae w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">24<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb6f y40ae w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">20<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gsa29\">Th<span class=\"_ _0\"></span>e Group M<span class=\"_ _0\"></span>anag<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent C<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>mit<span class=\"_ _0\"></span>tee was es<span class=\"_ _0\"></span>tabl<span class=\"_ _0\"></span>ishe<span class=\"_ _0\"></span>d on 1 Janua<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y 20<span class=\"_ _0\"></span>24. T<span class=\"_ _0\"></span>he co<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>rative<span class=\"_ _0\"></span>s inco<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ate the mem<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>rs of the Grou<span class=\"_ _0\"></span>p E<span class=\"_ _0\"></span>xecu<span class=\"_ _0\"></span>tive<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gsa2a\">Co<span class=\"_ _0\"></span>mmi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tee whic<span class=\"_ _0\"></span>h existe<span class=\"_ _0\"></span>d unde<span class=\"_ _0\"></span>r the Gro<span class=\"_ _0\"></span>up\u2019s previo<span class=\"_ _0\"></span>us gover<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>nce fr<span class=\"_ _0\"></span>ame<span class=\"_ _0\"></span>work<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h21 ff1 fs10 fc2 sc0 ls77 ws0 gsa2b\">(ii) <span class=\"_ _d\"> </span>Ser<span class=\"_ _3\"></span>vices pr<span class=\"_ _0\"></span>ovided to a<span class=\"_ _0\"></span>nd by relate<span class=\"_ _0\"></span>d par<span class=\"_ _3\"></span>ties<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gsa2c\">All tr<span class=\"_ _0\"></span>ansa<span class=\"_ _0\"></span>ctio<span class=\"_ _0\"></span>ns be<span class=\"_ _0\"></span>twe<span class=\"_ _0\"></span>en th<span class=\"_ _0\"></span>e Group an<span class=\"_ _0\"></span>d asso<span class=\"_ _0\"></span>ciates<span class=\"_ _0\"></span>, joint ve<span class=\"_ _0\"></span>ntures an<span class=\"_ _0\"></span>d othe<span class=\"_ _0\"></span>r related par<span class=\"_ _3\"></span>ties dur<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e year are on co<span class=\"_ _0\"></span>mm<span class=\"_ _0\"></span>erc<span class=\"_ _0\"></span>ial terms wh<span class=\"_ _0\"></span>ich are no<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gsa2d\">more favou<span class=\"_ _0\"></span>rab<span class=\"_ _0\"></span>le than th<span class=\"_ _0\"></span>ose availa<span class=\"_ _0\"></span>ble to com<span class=\"_ _0\"></span>pani<span class=\"_ _0\"></span>es in gen<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>l. </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gsa2e\">Loan<span class=\"_ _0\"></span>s and co<span class=\"_ _0\"></span>mmi<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nts to related par<span class=\"_ _3\"></span>ties are mad<span class=\"_ _0\"></span>e in the nor<span class=\"_ _0\"></span>mal c<span class=\"_ _0\"></span>our<span class=\"_ _0\"></span>se of busin<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>. As at 31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2024<span class=\"_ _0\"></span>, the Gro<span class=\"_ _0\"></span>up had:<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff3 fs5 fc1 sc0 ls9 ws15 gsa2f\">\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">loan<span class=\"_ _0\"></span>s outs<span class=\"_ _0\"></span>tan<span class=\"_ _0\"></span>ding fr<span class=\"_ _0\"></span>om relate<span class=\"_ _0\"></span>d par<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es of \u00a321m <span class=\"_ _1\"></span>(202<span class=\"_ _0\"></span>3: \u00a349m), with a fur<span class=\"_ _3\"></span>the<span class=\"_ _0\"></span>r com<span class=\"_ _0\"></span>mit<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t of \u00a38m (20<span class=\"_ _0\"></span>23<span class=\"_ _0\"></span>: \u00a37m<span class=\"_ _1\"></span>)<span class=\"_ _3b2\"> </span></span></div><div class=\"t m2 ha ff3 fs5 fc1 sc0 ls9 ws15 gsa30\">\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">total other co<span class=\"_ _0\"></span>mm<span class=\"_ _0\"></span>itm<span class=\"_ _0\"></span>ents of \u00a31,5<span class=\"_ _0\"></span>47m to <span class=\"_ _1\"></span>related pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s (202<span class=\"_ _0\"></span>3: \u00a31,3<span class=\"_ _0\"></span>47m), o<span class=\"_ _1\"></span>f whic<span class=\"_ _0\"></span>h \u00a31,26<span class=\"_ _0\"></span>4m ha<span class=\"_ _0\"></span>s bee<span class=\"_ _0\"></span>n drawn (20<span class=\"_ _0\"></span>23: \u00a3<span class=\"_ _0\"></span>1<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>08<span class=\"_ _0\"></span>m).<span class=\"_ _3b2\"> </span></span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gsa31\">In 20<span class=\"_ _0\"></span>23<span class=\"_ _0\"></span>, a numbe<span class=\"_ _0\"></span>r of transa<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ons o<span class=\"_ _0\"></span>ccu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en the Gro<span class=\"_ _0\"></span>up\u2019s UK def<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>ed be<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>it p<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>on sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>es and Le<span class=\"_ _0\"></span>gal an<span class=\"_ _0\"></span>d Gen<span class=\"_ _0\"></span>eral A<span class=\"_ _0\"></span>ssu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce S<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>iet<span class=\"_ _0\"></span>y </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gsa32\">Lim<span class=\"_ _0\"></span>ited (LG<span class=\"_ _0\"></span>AS). Th<span class=\"_ _0\"></span>ese in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>e the sur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r of Assure<span class=\"_ _0\"></span>d Paym<span class=\"_ _0\"></span>ent Po<span class=\"_ _0\"></span>lic<span class=\"_ _0\"></span>ies (A<span class=\"_ _0\"></span>PP<span class=\"_ _0\"></span>s) <span class=\"_ _1\"></span>and th<span class=\"_ _0\"></span>eir co<span class=\"_ _0\"></span>nver<span class=\"_ _0\"></span>sion in<span class=\"_ _0\"></span>to annuit<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>, as well as a buyou<span class=\"_ _0\"></span>t of the </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gsa33\">sch<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>es co<span class=\"_ _0\"></span>mpl<span class=\"_ _0\"></span>eted by the T<span class=\"_ _1\"></span>rustees<span class=\"_ _0\"></span>, whe<span class=\"_ _0\"></span>re exist<span class=\"_ _0\"></span>ing ann<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y p<span class=\"_ _0\"></span>olic<span class=\"_ _0\"></span>ies were exch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>ed for ind<span class=\"_ _0\"></span>ivid<span class=\"_ _0\"></span>ual po<span class=\"_ _0\"></span>lic<span class=\"_ _0\"></span>ies be<span class=\"_ _0\"></span>twe<span class=\"_ _0\"></span>en LGA<span class=\"_ _0\"></span>S and m<span class=\"_ _0\"></span>emb<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s. Fur<span class=\"_ _3\"></span>ther<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gsa34\">deta<span class=\"_ _0\"></span>ils are provid<span class=\"_ _0\"></span>ed in N<span class=\"_ _0\"></span>ote 24. T<span class=\"_ _4\"></span>otal pay<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts by LGAS to the pen<span class=\"_ _0\"></span>sio<span class=\"_ _0\"></span>n sche<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>s for insure<span class=\"_ _0\"></span>d pen<span class=\"_ _0\"></span>sio<span class=\"_ _0\"></span>n ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>ts in 20<span class=\"_ _0\"></span>23 were \u00a35<span class=\"_ _0\"></span>5m<span class=\"_ _0\"></span>.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTransactionsBetweenRelatedPartiesExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-616": {
   "value": "37<span class=\"_ _1c\"></span><span class=\"ws0\">. <span class=\"_ _14\"> </span>Rela<span class=\"_ _1\"></span>ted p<span class=\"_ _1\"></span>ar<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>y tra<span class=\"_ _0\"></span>nsactio<span class=\"_ _1\"></span>ns<span class=\"_ _3b2\"> </span></span>(i<span class=\"_ _1\"></span>) <span class=\"_ _8\"> </span>K<span class=\"_ _0\"></span>ey<span class=\"_ _0\"></span> ma<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>gement p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>nel t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>sa<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span> comp<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>sat<span class=\"_ _0\"></span>ion<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>ere were no mater<span class=\"_ _0\"></span>ial tra<span class=\"_ _0\"></span>nsac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en key manag<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent an<span class=\"_ _0\"></span>d the L&amp;<span class=\"_ _0\"></span>G gro<span class=\"_ _0\"></span>up of com<span class=\"_ _0\"></span>pani<span class=\"_ _0\"></span>es dur<span class=\"_ _0\"></span>ing the yea<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>. All tran<span class=\"_ _0\"></span>sac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en the<span class=\"_ gsec\"> </span>G<span class=\"_ _0\"></span>roup an<span class=\"_ _0\"></span>d its key manag<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent are on co<span class=\"_ _0\"></span>mm<span class=\"_ _0\"></span>erc<span class=\"_ _0\"></span>ial term<span class=\"_ _0\"></span>s which are n<span class=\"_ _0\"></span>o more favour<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e than tho<span class=\"_ _0\"></span>se availab<span class=\"_ _0\"></span>le to employe<span class=\"_ _0\"></span>es in ge<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>ral<span class=\"_ _0\"></span>. Co<span class=\"_ _0\"></span>ntri<span class=\"_ _0\"></span>bu<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s to the post-<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>loy<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t defi<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>d ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>t plan<span class=\"_ _0\"></span>s were \u00a37m (31 <span class=\"_ _1\"></span>De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>23<span class=\"_ _0\"></span>: \u00a31<span class=\"_ _1\"></span>3<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>m) <span class=\"_ _1\"></span>for all emp<span class=\"_ _0\"></span>loye<span class=\"_ _0\"></span>es.<span class=\"_ _3b2\"> </span>At 31 Dec<span class=\"_ _0\"></span>emb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>24 and 31 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>23 th<span class=\"_ _0\"></span>ere were no lo<span class=\"_ _0\"></span>ans ou<span class=\"_ _0\"></span>tst<span class=\"_ _0\"></span>andi<span class=\"_ _0\"></span>ng to off<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ers of the C<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>any.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e aggre<span class=\"_ _0\"></span>gate com<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nsati<span class=\"_ _0\"></span>on for key manag<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent pe<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>onn<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>, incl<span class=\"_ _0\"></span>udin<span class=\"_ _0\"></span>g execu<span class=\"_ _0\"></span>tive dire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tors<span class=\"_ _0\"></span>, non<span class=\"_ _0\"></span>-<span class=\"_ _3\"></span>execu<span class=\"_ _0\"></span>tive dire<span class=\"_ _0\"></span>cto<span class=\"_ _0\"></span>rs and th<span class=\"_ _0\"></span>e mem<span class=\"_ _0\"></span>ber<span class=\"_ _0\"></span>s of the Grou<span class=\"_ _0\"></span>p Mana<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t Com<span class=\"_ _0\"></span>mit<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>e is as follows:<span class=\"_ _3b2\"> </span><table class=\"s w4ac h1c2\" id=\"_79d2efbc-fc6f-495d-a4fb-9fb184a2db93\"><tr><td></td><td class=\"t m2 x1c6 h13 y46d2 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y46d2 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x1c8 h13 y46d3 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y46d3 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y4121 w4ad h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws132\">Salaries<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x161c y4121 w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">14<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x852 y4121 w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">12<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ac w46e h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Share<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>based incentive awards<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x22f y40ac w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">10<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13bf y40ac w75 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">8<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w4ae h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">Key man<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t per<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>l co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>sa<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1403 y40ae w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">24<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb6f y40ae w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">20<span class=\"_ _3b2\"> </span></div></td></tr></table>Th<span class=\"_ _0\"></span>e Group M<span class=\"_ _0\"></span>anag<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent C<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>mit<span class=\"_ _0\"></span>tee was es<span class=\"_ _0\"></span>tabl<span class=\"_ _0\"></span>ishe<span class=\"_ _0\"></span>d on 1 Janua<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y 20<span class=\"_ _0\"></span>24. T<span class=\"_ _0\"></span>he co<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>rative<span class=\"_ _0\"></span>s inco<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ate the mem<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>rs of the Grou<span class=\"_ _0\"></span>p E<span class=\"_ _0\"></span>xecu<span class=\"_ _0\"></span>tive<span class=\"_ _0\"></span> Co<span class=\"_ _0\"></span>mmi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tee whic<span class=\"_ _0\"></span>h existe<span class=\"_ _0\"></span>d unde<span class=\"_ _0\"></span>r the Gro<span class=\"_ _0\"></span>up\u2019s previo<span class=\"_ _0\"></span>us gover<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>nce fr<span class=\"_ _0\"></span>ame<span class=\"_ _0\"></span>work<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>(ii) <span class=\"_ _d\"> </span>Ser<span class=\"_ _3\"></span>vices pr<span class=\"_ _0\"></span>ovided to a<span class=\"_ _0\"></span>nd by relate<span class=\"_ _0\"></span>d par<span class=\"_ _3\"></span>ties<span class=\"_ _3b2\"> </span>All tr<span class=\"_ _0\"></span>ansa<span class=\"_ _0\"></span>ctio<span class=\"_ _0\"></span>ns be<span class=\"_ _0\"></span>twe<span class=\"_ _0\"></span>en th<span class=\"_ _0\"></span>e Group an<span class=\"_ _0\"></span>d asso<span class=\"_ _0\"></span>ciates<span class=\"_ _0\"></span>, joint ve<span class=\"_ _0\"></span>ntures an<span class=\"_ _0\"></span>d othe<span class=\"_ _0\"></span>r related par<span class=\"_ _3\"></span>ties dur<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e year are on co<span class=\"_ _0\"></span>mm<span class=\"_ _0\"></span>erc<span class=\"_ _0\"></span>ial terms wh<span class=\"_ _0\"></span>ich are no<span class=\"_ _0\"></span> more favou<span class=\"_ _0\"></span>rab<span class=\"_ _0\"></span>le than th<span class=\"_ _0\"></span>ose availa<span class=\"_ _0\"></span>ble to com<span class=\"_ _0\"></span>pani<span class=\"_ _0\"></span>es in gen<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>l. Loan<span class=\"_ _0\"></span>s and co<span class=\"_ _0\"></span>mmi<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nts to related par<span class=\"_ _3\"></span>ties are mad<span class=\"_ _0\"></span>e in the nor<span class=\"_ _0\"></span>mal c<span class=\"_ _0\"></span>our<span class=\"_ _0\"></span>se of busin<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>. As at 31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2024<span class=\"_ _0\"></span>, the Gro<span class=\"_ _0\"></span>up had:<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">loan<span class=\"_ _0\"></span>s outs<span class=\"_ _0\"></span>tan<span class=\"_ _0\"></span>ding fr<span class=\"_ _0\"></span>om relate<span class=\"_ _0\"></span>d par<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es of \u00a321m <span class=\"_ _1\"></span>(202<span class=\"_ _0\"></span>3: \u00a349m), with a fur<span class=\"_ _3\"></span>the<span class=\"_ _0\"></span>r com<span class=\"_ _0\"></span>mit<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t of \u00a38m (20<span class=\"_ _0\"></span>23<span class=\"_ _0\"></span>: \u00a37m<span class=\"_ _1\"></span>)<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">total other co<span class=\"_ _0\"></span>mm<span class=\"_ _0\"></span>itm<span class=\"_ _0\"></span>ents of \u00a31,5<span class=\"_ _0\"></span>47m to <span class=\"_ _1\"></span>related pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s (202<span class=\"_ _0\"></span>3: \u00a31,3<span class=\"_ _0\"></span>47m), o<span class=\"_ _1\"></span>f whic<span class=\"_ _0\"></span>h \u00a31,26<span class=\"_ _0\"></span>4m ha<span class=\"_ _0\"></span>s bee<span class=\"_ _0\"></span>n drawn (20<span class=\"_ _0\"></span>23: \u00a3<span class=\"_ _0\"></span>1<span class=\"_ _1\"></span>,<span class=\"_ _1\"></span>1<span class=\"_ _1\"></span>08<span class=\"_ _0\"></span>m).<span class=\"_ _3b2\"> </span></span>In 20<span class=\"_ _0\"></span>23<span class=\"_ _0\"></span>, a numbe<span class=\"_ _0\"></span>r of transa<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ons o<span class=\"_ _0\"></span>ccu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en the Gro<span class=\"_ _0\"></span>up\u2019s UK def<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>ed be<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>it p<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>on sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>es and Le<span class=\"_ _0\"></span>gal an<span class=\"_ _0\"></span>d Gen<span class=\"_ _0\"></span>eral A<span class=\"_ _0\"></span>ssu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce S<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>iet<span class=\"_ _0\"></span>y Lim<span class=\"_ _0\"></span>ited (LG<span class=\"_ _0\"></span>AS). Th<span class=\"_ _0\"></span>ese in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>e the sur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r of Assure<span class=\"_ _0\"></span>d Paym<span class=\"_ _0\"></span>ent Po<span class=\"_ _0\"></span>lic<span class=\"_ _0\"></span>ies (A<span class=\"_ _0\"></span>PP<span class=\"_ _0\"></span>s) <span class=\"_ _1\"></span>and th<span class=\"_ _0\"></span>eir co<span class=\"_ _0\"></span>nver<span class=\"_ _0\"></span>sion in<span class=\"_ _0\"></span>to annuit<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>, as well as a buyou<span class=\"_ _0\"></span>t of the sch<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>es co<span class=\"_ _0\"></span>mpl<span class=\"_ _0\"></span>eted by the T<span class=\"_ _1\"></span>rustees<span class=\"_ _0\"></span>, whe<span class=\"_ _0\"></span>re exist<span class=\"_ _0\"></span>ing ann<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y p<span class=\"_ _0\"></span>olic<span class=\"_ _0\"></span>ies were exch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>ed for ind<span class=\"_ _0\"></span>ivid<span class=\"_ _0\"></span>ual po<span class=\"_ _0\"></span>lic<span class=\"_ _0\"></span>ies be<span class=\"_ _0\"></span>twe<span class=\"_ _0\"></span>en LGA<span class=\"_ _0\"></span>S and m<span class=\"_ _0\"></span>emb<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s. Fur<span class=\"_ _3\"></span>ther<span class=\"_ _0\"></span> deta<span class=\"_ _0\"></span>ils are provid<span class=\"_ _0\"></span>ed in N<span class=\"_ _0\"></span>ote 24. T<span class=\"_ _4\"></span>otal pay<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts by LGAS to the pen<span class=\"_ _0\"></span>sio<span class=\"_ _0\"></span>n sche<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>s for insure<span class=\"_ _0\"></span>d pen<span class=\"_ _0\"></span>sio<span class=\"_ _0\"></span>n ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>ts in 20<span class=\"_ _0\"></span>23 were \u00a35<span class=\"_ _0\"></span>5m",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRelatedPartyExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-694": {
   "value": "(i<span class=\"_ _1\"></span>) <span class=\"_ _8\"> </span>K<span class=\"_ _0\"></span>ey<span class=\"_ _0\"></span> ma<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>gement p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>nel t<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>sa<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s a<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span> comp<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>sat<span class=\"_ _0\"></span>ion<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>ere were no mater<span class=\"_ _0\"></span>ial tra<span class=\"_ _0\"></span>nsac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en key manag<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent an<span class=\"_ _0\"></span>d the L&amp;<span class=\"_ _0\"></span>G gro<span class=\"_ _0\"></span>up of com<span class=\"_ _0\"></span>pani<span class=\"_ _0\"></span>es dur<span class=\"_ _0\"></span>ing the yea<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>. All tran<span class=\"_ _0\"></span>sac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en the<span class=\"_ gsec\"> </span>G<span class=\"_ _0\"></span>roup an<span class=\"_ _0\"></span>d its key manag<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent are on co<span class=\"_ _0\"></span>mm<span class=\"_ _0\"></span>erc<span class=\"_ _0\"></span>ial term<span class=\"_ _0\"></span>s which are n<span class=\"_ _0\"></span>o more favour<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e than tho<span class=\"_ _0\"></span>se availab<span class=\"_ _0\"></span>le to employe<span class=\"_ _0\"></span>es in ge<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>ral<span class=\"_ _0\"></span>. Co<span class=\"_ _0\"></span>ntri<span class=\"_ _0\"></span>bu<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>s to the post-<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>loy<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t defi<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>d ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>t plan<span class=\"_ _0\"></span>s were \u00a37m (31 <span class=\"_ _1\"></span>De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>23<span class=\"_ _0\"></span>: \u00a31<span class=\"_ _1\"></span>3<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>m) <span class=\"_ _1\"></span>for all emp<span class=\"_ _0\"></span>loye<span class=\"_ _0\"></span>es.<span class=\"_ _3b2\"> </span>At 31 Dec<span class=\"_ _0\"></span>emb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>24 and 31 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>23 th<span class=\"_ _0\"></span>ere were no lo<span class=\"_ _0\"></span>ans ou<span class=\"_ _0\"></span>tst<span class=\"_ _0\"></span>andi<span class=\"_ _0\"></span>ng to off<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ers of the C<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>any.<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e aggre<span class=\"_ _0\"></span>gate com<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nsati<span class=\"_ _0\"></span>on for key manag<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent pe<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>onn<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>, incl<span class=\"_ _0\"></span>udin<span class=\"_ _0\"></span>g execu<span class=\"_ _0\"></span>tive dire<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tors<span class=\"_ _0\"></span>, non<span class=\"_ _0\"></span>-<span class=\"_ _3\"></span>execu<span class=\"_ _0\"></span>tive dire<span class=\"_ _0\"></span>cto<span class=\"_ _0\"></span>rs and th<span class=\"_ _0\"></span>e mem<span class=\"_ _0\"></span>ber<span class=\"_ _0\"></span>s of the Grou<span class=\"_ _0\"></span>p Mana<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t Com<span class=\"_ _0\"></span>mit<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>e is as follows:<span class=\"_ _3b2\"> </span><table class=\"s w4ac h1c2\" id=\"_79d2efbc-fc6f-495d-a4fb-9fb184a2db93\"><tr><td></td><td class=\"t m2 x1c6 h13 y46d2 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y46d2 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x1c8 h13 y46d3 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y46d3 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y4121 w4ad h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws132\">Salaries<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x161c y4121 w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">14<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x852 y4121 w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">12<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ac w46e h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">Share<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>based incentive awards<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x22f y40ac w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">10<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x13bf y40ac w75 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">8<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w4ae h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">Key man<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t per<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>l co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>sa<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1403 y40ae w7b h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">24<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb6f y40ae w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">20<span class=\"_ _3b2\"> </span></div></td></tr></table>Th<span class=\"_ _0\"></span>e Group M<span class=\"_ _0\"></span>anag<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent C<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>mit<span class=\"_ _0\"></span>tee was es<span class=\"_ _0\"></span>tabl<span class=\"_ _0\"></span>ishe<span class=\"_ _0\"></span>d on 1 Janua<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y 20<span class=\"_ _0\"></span>24. T<span class=\"_ _0\"></span>he co<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>rative<span class=\"_ _0\"></span>s inco<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ate the mem<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>rs of the Grou<span class=\"_ _0\"></span>p E<span class=\"_ _0\"></span>xecu<span class=\"_ _0\"></span>tive<span class=\"_ _0\"></span> Co<span class=\"_ _0\"></span>mmi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tee whic<span class=\"_ _0\"></span>h existe<span class=\"_ _0\"></span>d unde<span class=\"_ _0\"></span>r the Gro<span class=\"_ _0\"></span>up\u2019s previo<span class=\"_ _0\"></span>us gover<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>nce fr<span class=\"_ _0\"></span>ame<span class=\"_ _0\"></span>work<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInformationAboutKeyManagementPersonnelExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-617": {
   "value": "<div class=\"t m2 he ff1 fs8 fc2 sc0 ls2f ws37 gsa36\">38<span class=\"ls8d ws0\">. <span class=\"_ _1c6\"> </span>Con<span class=\"_ _1\"></span>tin<span class=\"_ _0\"></span>g<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>t liab<span class=\"_ _1\"></span>il<span class=\"_ _0\"></span>ities, guar<span class=\"_ _0\"></span>antees an<span class=\"_ _1\"></span>d indemn<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ties<span class=\"_ _3b2\"> </span></span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gsa37\">Provis<span class=\"_ _0\"></span>ion for the lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ties ar<span class=\"_ _0\"></span>isin<span class=\"_ _0\"></span>g unde<span class=\"_ _0\"></span>r con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts with p<span class=\"_ _0\"></span>olic<span class=\"_ _0\"></span>yh<span class=\"_ _0\"></span>old<span class=\"_ _0\"></span>ers is bas<span class=\"_ _0\"></span>ed on ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ain assu<span class=\"_ _0\"></span>mpti<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>. The var<span class=\"_ _0\"></span>ian<span class=\"_ _0\"></span>ce be<span class=\"_ _0\"></span>twe<span class=\"_ _0\"></span>en ac<span class=\"_ _0\"></span>tual ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gsa38\">from th<span class=\"_ _0\"></span>at assum<span class=\"_ _0\"></span>ed may resu<span class=\"_ _0\"></span>lt in tho<span class=\"_ _0\"></span>se liabi<span class=\"_ _0\"></span>liti<span class=\"_ _0\"></span>es dif<span class=\"_ _0\"></span>feri<span class=\"_ _0\"></span>ng fro<span class=\"_ _0\"></span>m the provis<span class=\"_ _0\"></span>ions ma<span class=\"_ _0\"></span>de for the<span class=\"_ _0\"></span>m. Li<span class=\"_ _0\"></span>abili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s may also arise in res<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ct of claim<span class=\"_ _0\"></span>s relatin<span class=\"_ _0\"></span>g </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gsa39\">to the interp<span class=\"_ _0\"></span>retati<span class=\"_ _0\"></span>on of poli<span class=\"_ _0\"></span>cyh<span class=\"_ _0\"></span>old<span class=\"_ _0\"></span>er co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>s, or th<span class=\"_ _0\"></span>e circu<span class=\"_ _0\"></span>mst<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>es in whic<span class=\"_ _0\"></span>h poli<span class=\"_ _0\"></span>cy<span class=\"_ _0\"></span>hol<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>s have entere<span class=\"_ _0\"></span>d into them<span class=\"_ _0\"></span>. The ex<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>nt of these liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es is </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gsa3a\">infl<span class=\"_ _0\"></span>uen<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>d by a numbe<span class=\"_ _0\"></span>r of factors in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>ding th<span class=\"_ _0\"></span>e acti<span class=\"_ _0\"></span>ons an<span class=\"_ _0\"></span>d requi<span class=\"_ _0\"></span>reme<span class=\"_ _0\"></span>nts of the PR<span class=\"_ _3\"></span>A<span class=\"_ _0\"></span>, FCA<span class=\"_ _3\"></span>, ombu<span class=\"_ _0\"></span>dsm<span class=\"_ _0\"></span>an ruli<span class=\"_ _0\"></span>ngs<span class=\"_ _0\"></span>, indu<span class=\"_ _0\"></span>str<span class=\"_ _3\"></span>y comp<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>satio<span class=\"_ _0\"></span>n sch<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>es </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gsa3b\">and co<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>t ju<span class=\"_ _0\"></span>dgm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s. </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 lsd ws7f gsa3c\">Variou<span class=\"_ _0\"></span>s Group co<span class=\"_ _0\"></span>mpan<span class=\"_ _0\"></span>ies rec<span class=\"_ _0\"></span>eive clai<span class=\"_ _0\"></span>ms and bec<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e involve<span class=\"_ _0\"></span>d in actual or threaten<span class=\"_ _0\"></span>ed litig<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n and regulator<span class=\"_ _3\"></span>y issues fro<span class=\"_ _0\"></span>m time to <span class=\"_ _1\"></span>time<span class=\"_ _0\"></span>. The releva<span class=\"_ _0\"></span>nt </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gsa3d\">mem<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>rs of the Gro<span class=\"_ _0\"></span>up ensu<span class=\"_ _0\"></span>re that the<span class=\"_ _0\"></span>y make prud<span class=\"_ _0\"></span>ent p<span class=\"_ _0\"></span>rovisio<span class=\"_ _0\"></span>n as and whe<span class=\"_ _0\"></span>n circu<span class=\"_ _0\"></span>mst<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>es ca<span class=\"_ _0\"></span>lling for su<span class=\"_ _0\"></span>ch provi<span class=\"_ _0\"></span>sion b<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e clea<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>, and that </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gsa3e\">eac<span class=\"_ _0\"></span>h has adeq<span class=\"_ _0\"></span>uate cap<span class=\"_ _0\"></span>ital an<span class=\"_ _0\"></span>d reser<span class=\"_ _3\"></span>ves to meet reaso<span class=\"_ _0\"></span>nab<span class=\"_ _0\"></span>ly fores<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e eventua<span class=\"_ _0\"></span>liti<span class=\"_ _0\"></span>es. T<span class=\"_ _0\"></span>he provi<span class=\"_ _0\"></span>sion<span class=\"_ _0\"></span>s made are reg<span class=\"_ _0\"></span>ular<span class=\"_ _0\"></span>ly rev<span class=\"_ _0\"></span>iewed<span class=\"_ _0\"></span>. It is not </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gsa3f\">pos<span class=\"_ _0\"></span>sibl<span class=\"_ _0\"></span>e to predic<span class=\"_ _0\"></span>t, wit<span class=\"_ _0\"></span>h cer<span class=\"_ _3\"></span>taint<span class=\"_ _0\"></span>y, the ex<span class=\"_ _0\"></span>tent and the ti<span class=\"_ _0\"></span>ming of the f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>l impac<span class=\"_ _0\"></span>t of these cl<span class=\"_ _0\"></span>aims<span class=\"_ _0\"></span>, litig<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n or issu<span class=\"_ _0\"></span>es.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gsa40\">Grou<span class=\"_ _0\"></span>p com<span class=\"_ _0\"></span>pani<span class=\"_ _0\"></span>es have given war<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>, ind<span class=\"_ _0\"></span>emn<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>es and gua<span class=\"_ _0\"></span>rante<span class=\"_ _0\"></span>es as a nor<span class=\"_ _0\"></span>mal par<span class=\"_ _3\"></span>t of their busi<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>s and ope<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>ng acti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ties or in rel<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n to </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gsa41\">cap<span class=\"_ _0\"></span>ital ma<span class=\"_ _0\"></span>rket tra<span class=\"_ _0\"></span>nsac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns or co<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>orate disp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>als. Le<span class=\"_ _0\"></span>gal &amp; Gen<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Grou<span class=\"_ _0\"></span>p Plc has provi<span class=\"_ _0\"></span>ded in<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>mni<span class=\"_ _0\"></span>ties an<span class=\"_ _0\"></span>d guar<span class=\"_ _0\"></span>antee<span class=\"_ _0\"></span>s in respe<span class=\"_ _0\"></span>ct of the liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>ies </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gsa42\">of Group co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>anie<span class=\"_ _0\"></span>s in supp<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>t of <span class=\"_ _1\"></span>the<span class=\"_ _0\"></span>ir busi<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>s activ<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>es. Le<span class=\"_ _0\"></span>gal an<span class=\"_ _0\"></span>d Gen<span class=\"_ _0\"></span>eral A<span class=\"_ _0\"></span>ssu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce S<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>iet<span class=\"_ _0\"></span>y Li<span class=\"_ _0\"></span>mited ha<span class=\"_ _0\"></span>s provid<span class=\"_ _0\"></span>ed ind<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>niti<span class=\"_ _0\"></span>es, a liqu<span class=\"_ _0\"></span>idi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y and </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gsa43\">exp<span class=\"_ _0\"></span>ense r<span class=\"_ _0\"></span>isk agre<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>, a dee<span class=\"_ _0\"></span>d of supp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t an<span class=\"_ _0\"></span>d a cash and se<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>rit<span class=\"_ _0\"></span>ies liqu<span class=\"_ _0\"></span>idi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y facili<span class=\"_ _0\"></span>ty in res<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ct of the liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es of Group c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pani<span class=\"_ _0\"></span>es to facilitate </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gsa44\">the Gro<span class=\"_ _0\"></span>up\u2019s matchin<span class=\"_ _0\"></span>g adjust<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt reo<span class=\"_ _0\"></span>rganis<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n purs<span class=\"_ _0\"></span>uant to So<span class=\"_ _0\"></span>lve<span class=\"_ _0\"></span>ncy II.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 he ff1 fs8 fc2 sc0 ls44 ws4e gsa46\">39<span class=\"_ _4\"></span><span class=\"ls1a4 ws1db\">. C<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>mmi<span class=\"_ _4\"></span>tm<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>n<span class=\"_ _4\"></span>ts<span class=\"_ _3b2\"> </span></span></div><div class=\"t m2 h21 ff1 fs10 fc2 sc0 ls136 wsd5 gsa47\">(i) <span class=\"_ _8\"> </span>Cap<span class=\"_ _0\"></span>ita<span class=\"_ _3\"></span>l co<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>itm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div><div class=\"gs498\"><table class=\"s w4af h1c3\" id=\"_2979cbd7-6580-44ee-ac8e-b1917d2ba20f\"><tr><td></td><td></td><td class=\"t m2 x1c6 h13 y46d4 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y46d4 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td></td><td class=\"t m2 x1c8 h13 y46d5 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y46d5 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 hc y46d6 ff4 fs6 fc1 sc0 ls57 ws2c\">Aut<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>sed and co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>ted com<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s not provid<span class=\"_ _0\"></span>ed for in respe<span class=\"_ _0\"></span>ct of invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ty deve<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>pm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t, paya<span class=\"_ _0\"></span>ble af<span class=\"_ _0\"></span>ter 31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>:<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y40ae w114 h116\"><div class=\"t m2 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y40ae w4b0 h116\"><div class=\"t m2 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls55 ws59\">Long<span class=\"_ _0\"></span>-term business<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x161d y40ae w4a h116\"><div class=\"t m2 x1ca h1a y40b1 ff5 fs6 fc1 sc0 ls56 ws55\">323<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x161e y40ae w42 h116\"><div class=\"t m2 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls56 ws55\">720<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"t m2 h21 ff1 fs10 fc2 sc0 ls77 ws0 gsa48\">(ii) <span class=\"_ _d\"> </span>Le<span class=\"_ _0\"></span>ase com<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ment receivable \u2013 pay<span class=\"_ _0\"></span>ments to be r<span class=\"_ _0\"></span>eceived u<span class=\"_ _0\"></span>nder oper<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g lease<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gsa49\">Wh<span class=\"_ _0\"></span>ere the Gr<span class=\"_ _0\"></span>oup is a less<span class=\"_ _0\"></span>or, the future un<span class=\"_ _0\"></span>disc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ted minim<span class=\"_ _0\"></span>um lea<span class=\"_ _0\"></span>se paym<span class=\"_ _0\"></span>ents un<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r ope<span class=\"_ _0\"></span>ratin<span class=\"_ _0\"></span>g leas<span class=\"_ _0\"></span>e arra<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts are disc<span class=\"_ _0\"></span>los<span class=\"_ _0\"></span>ed be<span class=\"_ _0\"></span>low<span class=\"_ _0\"></span>:<span class=\"_ _3b2\"> </span></div><div class=\"gsa4a\"><table class=\"s w4b1 h1c4\" id=\"_a5fe256b-7ff5-4fb8-8c1c-7af1268f3ffd\"><tr><td></td><td class=\"t m2 x42c h13 y46d7 ff5 fs9 fc1 sc0 ls38 ws3b\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> future<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1504 hf y46d7 ff3 fs9 fc1 sc0 ls99 ws1dc\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> f<span class=\"_ _3\"></span>u<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>r<span class=\"_ _3\"></span>e<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x615 h13 y46d8 ff5 fs9 fc1 sc0 ls193 ws1b7\">paym<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xec2 hf y46d8 ff3 fs9 fc1 sc0 ls112 ws6\">paym<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x1c6 h13 y46d9 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y46d9 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x1c8 h13 y46da ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y46da ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y417f w245 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Wi<span class=\"_ _0\"></span>thi<span class=\"_ _0\"></span>n 1 yea<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x209 y417f w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">429<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x20a y417f w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">418<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4170 w247 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">1-2<span class=\"_ _1\"></span> years<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x904 y4170 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">406<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1ed y4170 w4b h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">401<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4180 w248 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">2-<span class=\"_ _0\"></span>3 yea<span class=\"_ _0\"></span>rs<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x161f y4180 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">383<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1415 y4180 w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">381<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4181 w249 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">3<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>4 yea<span class=\"_ _0\"></span>rs<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1620 y4181 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">367<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x491 y4181 w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">366<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4183 w249 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">4<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>5 yea<span class=\"_ _0\"></span>rs<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1620 y4183 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">352<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x491 y4183 w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">354<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ac w24a h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Af<span class=\"_ _0\"></span>ter 5 y<span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x250 y40ac w36 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">3,917<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x251 y40ac w30 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">4,459<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w4b2 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l lea<span class=\"_ _0\"></span>se co<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t re<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1621 y40ae w36 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">5,854<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7a9 y40ae w37 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">6,379<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gsa4b\">Lease c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>mitm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts payabl<span class=\"_ _0\"></span>e are discl<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>d as par<span class=\"_ _0\"></span>t of the leas<span class=\"_ _0\"></span>es disc<span class=\"_ _0\"></span>losu<span class=\"_ _0\"></span>re in Note 26.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-695": {
   "value": "38<span class=\"ls8d ws0\">. <span class=\"_ _1c6\"> </span>Con<span class=\"_ _1\"></span>tin<span class=\"_ _0\"></span>g<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>t liab<span class=\"_ _1\"></span>il<span class=\"_ _0\"></span>ities, guar<span class=\"_ _0\"></span>antees an<span class=\"_ _1\"></span>d indemn<span class=\"_ _0\"></span>i<span class=\"_ _1\"></span>ties<span class=\"_ _3b2\"> </span></span>Provis<span class=\"_ _0\"></span>ion for the lia<span class=\"_ _0\"></span>bili<span class=\"_ _0\"></span>ties ar<span class=\"_ _0\"></span>isin<span class=\"_ _0\"></span>g unde<span class=\"_ _0\"></span>r con<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>ts with p<span class=\"_ _0\"></span>olic<span class=\"_ _0\"></span>yh<span class=\"_ _0\"></span>old<span class=\"_ _0\"></span>ers is bas<span class=\"_ _0\"></span>ed on ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ain assu<span class=\"_ _0\"></span>mpti<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>. The var<span class=\"_ _0\"></span>ian<span class=\"_ _0\"></span>ce be<span class=\"_ _0\"></span>twe<span class=\"_ _0\"></span>en ac<span class=\"_ _0\"></span>tual ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e from th<span class=\"_ _0\"></span>at assum<span class=\"_ _0\"></span>ed may resu<span class=\"_ _0\"></span>lt in tho<span class=\"_ _0\"></span>se liabi<span class=\"_ _0\"></span>liti<span class=\"_ _0\"></span>es dif<span class=\"_ _0\"></span>feri<span class=\"_ _0\"></span>ng fro<span class=\"_ _0\"></span>m the provis<span class=\"_ _0\"></span>ions ma<span class=\"_ _0\"></span>de for the<span class=\"_ _0\"></span>m. Li<span class=\"_ _0\"></span>abili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s may also arise in res<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ct of claim<span class=\"_ _0\"></span>s relatin<span class=\"_ _0\"></span>g to the interp<span class=\"_ _0\"></span>retati<span class=\"_ _0\"></span>on of poli<span class=\"_ _0\"></span>cyh<span class=\"_ _0\"></span>old<span class=\"_ _0\"></span>er co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>s, or th<span class=\"_ _0\"></span>e circu<span class=\"_ _0\"></span>mst<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>es in whic<span class=\"_ _0\"></span>h poli<span class=\"_ _0\"></span>cy<span class=\"_ _0\"></span>hol<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>s have entere<span class=\"_ _0\"></span>d into them<span class=\"_ _0\"></span>. The ex<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>nt of these liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es is infl<span class=\"_ _0\"></span>uen<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>d by a numbe<span class=\"_ _0\"></span>r of factors in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>ding th<span class=\"_ _0\"></span>e acti<span class=\"_ _0\"></span>ons an<span class=\"_ _0\"></span>d requi<span class=\"_ _0\"></span>reme<span class=\"_ _0\"></span>nts of the PR<span class=\"_ _3\"></span>A<span class=\"_ _0\"></span>, FCA<span class=\"_ _3\"></span>, ombu<span class=\"_ _0\"></span>dsm<span class=\"_ _0\"></span>an ruli<span class=\"_ _0\"></span>ngs<span class=\"_ _0\"></span>, indu<span class=\"_ _0\"></span>str<span class=\"_ _3\"></span>y comp<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>satio<span class=\"_ _0\"></span>n sch<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>es and co<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>t ju<span class=\"_ _0\"></span>dgm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s. Variou<span class=\"_ _0\"></span>s Group co<span class=\"_ _0\"></span>mpan<span class=\"_ _0\"></span>ies rec<span class=\"_ _0\"></span>eive clai<span class=\"_ _0\"></span>ms and bec<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e involve<span class=\"_ _0\"></span>d in actual or threaten<span class=\"_ _0\"></span>ed litig<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n and regulator<span class=\"_ _3\"></span>y issues fro<span class=\"_ _0\"></span>m time to <span class=\"_ _1\"></span>time<span class=\"_ _0\"></span>. The releva<span class=\"_ _0\"></span>nt mem<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>rs of the Gro<span class=\"_ _0\"></span>up ensu<span class=\"_ _0\"></span>re that the<span class=\"_ _0\"></span>y make prud<span class=\"_ _0\"></span>ent p<span class=\"_ _0\"></span>rovisio<span class=\"_ _0\"></span>n as and whe<span class=\"_ _0\"></span>n circu<span class=\"_ _0\"></span>mst<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>es ca<span class=\"_ _0\"></span>lling for su<span class=\"_ _0\"></span>ch provi<span class=\"_ _0\"></span>sion b<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e clea<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>, and that eac<span class=\"_ _0\"></span>h has adeq<span class=\"_ _0\"></span>uate cap<span class=\"_ _0\"></span>ital an<span class=\"_ _0\"></span>d reser<span class=\"_ _3\"></span>ves to meet reaso<span class=\"_ _0\"></span>nab<span class=\"_ _0\"></span>ly fores<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e eventua<span class=\"_ _0\"></span>liti<span class=\"_ _0\"></span>es. T<span class=\"_ _0\"></span>he provi<span class=\"_ _0\"></span>sion<span class=\"_ _0\"></span>s made are reg<span class=\"_ _0\"></span>ular<span class=\"_ _0\"></span>ly rev<span class=\"_ _0\"></span>iewed<span class=\"_ _0\"></span>. It is not pos<span class=\"_ _0\"></span>sibl<span class=\"_ _0\"></span>e to predic<span class=\"_ _0\"></span>t, wit<span class=\"_ _0\"></span>h cer<span class=\"_ _3\"></span>taint<span class=\"_ _0\"></span>y, the ex<span class=\"_ _0\"></span>tent and the ti<span class=\"_ _0\"></span>ming of the f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>l impac<span class=\"_ _0\"></span>t of these cl<span class=\"_ _0\"></span>aims<span class=\"_ _0\"></span>, litig<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n or issu<span class=\"_ _0\"></span>es.<span class=\"_ _3b2\"> </span>Grou<span class=\"_ _0\"></span>p com<span class=\"_ _0\"></span>pani<span class=\"_ _0\"></span>es have given war<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>, ind<span class=\"_ _0\"></span>emn<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>es and gua<span class=\"_ _0\"></span>rante<span class=\"_ _0\"></span>es as a nor<span class=\"_ _0\"></span>mal par<span class=\"_ _3\"></span>t of their busi<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>s and ope<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>ng acti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ties or in rel<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n to cap<span class=\"_ _0\"></span>ital ma<span class=\"_ _0\"></span>rket tra<span class=\"_ _0\"></span>nsac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns or co<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>orate disp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>als. Le<span class=\"_ _0\"></span>gal &amp; Gen<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Grou<span class=\"_ _0\"></span>p Plc has provi<span class=\"_ _0\"></span>ded in<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>mni<span class=\"_ _0\"></span>ties an<span class=\"_ _0\"></span>d guar<span class=\"_ _0\"></span>antee<span class=\"_ _0\"></span>s in respe<span class=\"_ _0\"></span>ct of the liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>ies of Group co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>anie<span class=\"_ _0\"></span>s in supp<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>t of <span class=\"_ _1\"></span>the<span class=\"_ _0\"></span>ir busi<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>s activ<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>es. Le<span class=\"_ _0\"></span>gal an<span class=\"_ _0\"></span>d Gen<span class=\"_ _0\"></span>eral A<span class=\"_ _0\"></span>ssu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce S<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>iet<span class=\"_ _0\"></span>y Li<span class=\"_ _0\"></span>mited ha<span class=\"_ _0\"></span>s provid<span class=\"_ _0\"></span>ed ind<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>niti<span class=\"_ _0\"></span>es, a liqu<span class=\"_ _0\"></span>idi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y and exp<span class=\"_ _0\"></span>ense r<span class=\"_ _0\"></span>isk agre<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>, a dee<span class=\"_ _0\"></span>d of supp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t an<span class=\"_ _0\"></span>d a cash and se<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>rit<span class=\"_ _0\"></span>ies liqu<span class=\"_ _0\"></span>idi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y facili<span class=\"_ _0\"></span>ty in res<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ct of the liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es of Group c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pani<span class=\"_ _0\"></span>es to facilitate the Gro<span class=\"_ _0\"></span>up\u2019s matchin<span class=\"_ _0\"></span>g adjust<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt reo<span class=\"_ _0\"></span>rganis<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n purs<span class=\"_ _0\"></span>uant to So<span class=\"_ _0\"></span>lve<span class=\"_ _0\"></span>ncy II.<span class=\"_ _3b2\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfContingentLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-696": {
   "value": "39<span class=\"_ _4\"></span><span class=\"ls1a4 ws1db\">. C<span class=\"_ _1\"></span>o<span class=\"_ _1\"></span>mmi<span class=\"_ _4\"></span>tm<span class=\"_ _1\"></span>e<span class=\"_ _1\"></span>n<span class=\"_ _4\"></span>ts<span class=\"_ _3b2\"> </span></span>(i) <span class=\"_ _8\"> </span>Cap<span class=\"_ _0\"></span>ita<span class=\"_ _3\"></span>l co<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>m<span class=\"_ _3\"></span>itm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span><table class=\"s w4af h1c3\" id=\"_2979cbd7-6580-44ee-ac8e-b1917d2ba20f\"><tr><td></td><td></td><td class=\"t m2 x1c6 h13 y46d4 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y46d4 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td></td><td class=\"t m2 x1c8 h13 y46d5 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y46d5 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 hc y46d6 ff4 fs6 fc1 sc0 ls57 ws2c\">Aut<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>sed and co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>ted com<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s not provid<span class=\"_ _0\"></span>ed for in respe<span class=\"_ _0\"></span>ct of invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ty deve<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>pm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t, paya<span class=\"_ _0\"></span>ble af<span class=\"_ _0\"></span>ter 31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>:<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y40ae w114 h116\"><div class=\"t m2 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls56 ws55\">\u2022<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x405 y40ae w4b0 h116\"><div class=\"t m2 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls55 ws59\">Long<span class=\"_ _0\"></span>-term business<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x161d y40ae w4a h116\"><div class=\"t m2 x1ca h1a y40b1 ff5 fs6 fc1 sc0 ls56 ws55\">323<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x161e y40ae w42 h116\"><div class=\"t m2 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls56 ws55\">720<span class=\"_ _3b2\"> </span></div></td></tr></table>(ii) <span class=\"_ _d\"> </span>Le<span class=\"_ _0\"></span>ase com<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ment receivable \u2013 pay<span class=\"_ _0\"></span>ments to be r<span class=\"_ _0\"></span>eceived u<span class=\"_ _0\"></span>nder oper<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>g lease<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span>Wh<span class=\"_ _0\"></span>ere the Gr<span class=\"_ _0\"></span>oup is a less<span class=\"_ _0\"></span>or, the future un<span class=\"_ _0\"></span>disc<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ted minim<span class=\"_ _0\"></span>um lea<span class=\"_ _0\"></span>se paym<span class=\"_ _0\"></span>ents un<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r ope<span class=\"_ _0\"></span>ratin<span class=\"_ _0\"></span>g leas<span class=\"_ _0\"></span>e arra<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts are disc<span class=\"_ _0\"></span>los<span class=\"_ _0\"></span>ed be<span class=\"_ _0\"></span>low<span class=\"_ _0\"></span>:<span class=\"_ _3b2\"> </span><table class=\"s w4b1 h1c4\" id=\"_a5fe256b-7ff5-4fb8-8c1c-7af1268f3ffd\"><tr><td></td><td class=\"t m2 x42c h13 y46d7 ff5 fs9 fc1 sc0 ls38 ws3b\">T<span class=\"_ _1\"></span>otal<span class=\"_ _1\"></span> future<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1504 hf y46d7 ff3 fs9 fc1 sc0 ls99 ws1dc\">To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span> f<span class=\"_ _3\"></span>u<span class=\"_ _3\"></span>t<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>r<span class=\"_ _3\"></span>e<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x615 h13 y46d8 ff5 fs9 fc1 sc0 ls193 ws1b7\">paym<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xec2 hf y46d8 ff3 fs9 fc1 sc0 ls112 ws6\">paym<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x1c6 h13 y46d9 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y46d9 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x1c8 h13 y46da ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y46da ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y417f w245 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Wi<span class=\"_ _0\"></span>thi<span class=\"_ _0\"></span>n 1 yea<span class=\"_ _0\"></span>r<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x209 y417f w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">429<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x20a y417f w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">418<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4170 w247 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls55 ws59\">1-2<span class=\"_ _1\"></span> years<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x904 y4170 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">406<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1ed y4170 w4b h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">401<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4180 w248 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">2-<span class=\"_ _0\"></span>3 yea<span class=\"_ _0\"></span>rs<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x161f y4180 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">383<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1415 y4180 w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">381<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4181 w249 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">3<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>4 yea<span class=\"_ _0\"></span>rs<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1620 y4181 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">367<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x491 y4181 w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">366<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4183 w249 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">4<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>5 yea<span class=\"_ _0\"></span>rs<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1620 y4183 w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">352<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x491 y4183 w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">354<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ac w24a h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Af<span class=\"_ _0\"></span>ter 5 y<span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x250 y40ac w36 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">3,917<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x251 y40ac w30 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">4,459<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w4b2 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">T<span class=\"_ _1\"></span>ota<span class=\"_ _0\"></span>l lea<span class=\"_ _0\"></span>se co<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t re<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1621 y40ae w36 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">5,854<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7a9 y40ae w37 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">6,379<span class=\"_ _3b2\"> </span></div></td></tr></table>Lease c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>mitm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts payabl<span class=\"_ _0\"></span>e are discl<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>d as par<span class=\"_ _0\"></span>t of the leas<span class=\"_ _0\"></span>es disc<span class=\"_ _0\"></span>losu<span class=\"_ _0\"></span>re in Note 26.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCommitmentsExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-618": {
   "value": "<div class=\"t m2 he ff1 fs8 fc2 sc0 ls9b wsba gsa4d\">40<span class=\"_ _1\"></span><span class=\"ls8d ws0\">. <span class=\"_ _c7\"> </span>A<span class=\"_ _0\"></span>ssocia<span class=\"_ _1\"></span>tes and j<span class=\"_ _1\"></span>oin<span class=\"_ _1\"></span>t v<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>tu<span class=\"_ _0\"></span>res<span class=\"_ _3b2\"> </span></span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gsa4e\">Su<span class=\"_ _0\"></span>mma<span class=\"_ _0\"></span>rise<span class=\"_ _0\"></span>d fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial infor<span class=\"_ _0\"></span>matio<span class=\"_ _0\"></span>n for asso<span class=\"_ _0\"></span>ciates an<span class=\"_ _0\"></span>d joint ventu<span class=\"_ _0\"></span>res ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>unted for und<span class=\"_ _0\"></span>er th<span class=\"_ _0\"></span>e equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y meth<span class=\"_ _0\"></span>od is show<span class=\"_ _0\"></span>n below<span class=\"_ _0\"></span>:<span class=\"_ _3b2\"> </span></div><div class=\"gsa4f\"><table class=\"s w4b3 h1c5\" id=\"_b3925aed-2e15-4803-bae9-f1638ab5ff45\"><tr><td></td><td></td><td class=\"t m2 x431 h13 y46db ff5 fs9 fc1 sc0 ls3d ws131\">Joint<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m2 x1c7 hf y46db ff3 fs9 fc1 sc0 ls187 ws19c\">Joint<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x42d h13 y46dc ff5 fs9 fc1 sc0 ls38 ws3a\">Associates<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x5af h13 y46dc ff6 fs9 fc1 sc0 ls38 ws3a\">ventures<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x27f hf y46dc ff3 fs9 fc1 sc0 ls168 ws183\">Associates<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x3fc hf y46dc ff3 fs9 fc1 sc0 ls16a ws185\">venture<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x430 h13 y46dd ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x431 h13 y46dd ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c6 hf y46dd ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y46dd ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 xac3 h13 y46de ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x433 h13 y46de ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 hf y46de ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y46de ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y40bd w4b4 h116\"><div class=\"t m2 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls10e ws54\">Current assets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x843 y40bd w7b h116\"><div class=\"t m2 x1ca h1a y40b1 ff5 fs6 fc1 sc0 ls56 ws55\">83<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x844 y40bd w4a h116\"><div class=\"t m2 x1ca h1a y40b1 ff5 fs6 fc1 sc0 ls56 ws55\">428<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x845 y40bd w42 h116\"><div class=\"t m2 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls56 ws55\">106<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x846 y40bd w42 h116\"><div class=\"t m2 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls56 ws55\">486<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4358 w4b5 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws54\">Non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>current assets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x96e y4358 w36 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,722<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1622 y4358 w4a h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">740<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x753 y4358 w37 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,638<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1415 y4358 w42 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">403<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40bf w4b6 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls114 ws10d\">Curren<span class=\"_ _0\"></span>t liabilities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcd9 y40bf w70 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">61<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x75d y40bf w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">143<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x854 y40bf w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">216<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x855 y40bf w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">133<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41dd w4b7 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls114 ws10d\">Non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>rrent liabili<span class=\"_ _0\"></span>ties<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x837 y41dd w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">1,056<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x922 y41dd wa6 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1623 y41dd w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">867<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x946 y41dd w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">24<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y419a w4b8 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">(Lo<span class=\"_ _0\"></span>ss)/prof<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t fro<span class=\"_ _0\"></span>m co<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>nui<span class=\"_ _0\"></span>ng o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns \u2013 total<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1624 y419a w41 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(95)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1625 y419a w41 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(27)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1626 y419a w71 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(76)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1627 y419a w71 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(88)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w4b9 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">(Lo<span class=\"_ _0\"></span>ss)/prof<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t fro<span class=\"_ _0\"></span>m co<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>nui<span class=\"_ _0\"></span>ng o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns \u2013 Gr<span class=\"_ _0\"></span>oup<span class=\"_ _0\"></span>\u2019s shar<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1628 y4121 w41 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(40)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1629 y4121 w41 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(14)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x162a y4121 w71 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(28)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf9a y4121 w5a h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(34)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ac w4ba h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">T<span class=\"_ _1\"></span>otal co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>nsi<span class=\"_ _0\"></span>ve in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me \u2013 tot<span class=\"_ _0\"></span>al<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x43d y40ac waf h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(95)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x162b y40ac w41 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(27)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x162c y40ac w71 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(76)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x162d y40ac w71 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(88)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w4bb h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">T<span class=\"_ _1\"></span>otal co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>nsi<span class=\"_ _0\"></span>ve in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me \u2013 G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p\u2019s sha<span class=\"_ _0\"></span>re<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x162e y40ae w41 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(40)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x162f y40ae w41 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(14)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x138f y40ae w5a h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(28)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x384 y40ae w5a h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(34)<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gsa50\">Th<span class=\"_ _0\"></span>e asso<span class=\"_ _0\"></span>ciates and joi<span class=\"_ _0\"></span>nt ventu<span class=\"_ _0\"></span>res have no signi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>can<span class=\"_ _0\"></span>t cont<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>ent liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>ies to which th<span class=\"_ _0\"></span>e Group is exp<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>d. T<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up has no co<span class=\"_ _0\"></span>mm<span class=\"_ _0\"></span>itm<span class=\"_ _0\"></span>ents to </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gsa51\">provid<span class=\"_ _0\"></span>e fun<span class=\"_ _0\"></span>ding to asso<span class=\"_ _0\"></span>ciates and jo<span class=\"_ _0\"></span>int ventu<span class=\"_ _0\"></span>res othe<span class=\"_ _0\"></span>r than th<span class=\"_ _0\"></span>e ones in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d in Note 39.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gsa52\">Dur<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e year, <span class=\"_ _1\"></span>the total valu<span class=\"_ _0\"></span>e of Investme<span class=\"_ _0\"></span>nt in asso<span class=\"_ _0\"></span>ciates an<span class=\"_ _0\"></span>d joint vent<span class=\"_ _0\"></span>ures ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>unted for usin<span class=\"_ _0\"></span>g the eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>d on the Gro<span class=\"_ _0\"></span>up\u2019s Con<span class=\"_ _0\"></span>solid<span class=\"_ _0\"></span>ated </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs536\">Bala<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e She<span class=\"_ _0\"></span>et in<span class=\"_ _0\"></span>cre<span class=\"_ _0\"></span>ased to \u00a387<span class=\"_ _0\"></span>2m (20<span class=\"_ _0\"></span>23: \u00a361<span class=\"_ _1\"></span>6m), refle<span class=\"_ _0\"></span>ctin<span class=\"_ _0\"></span>g a numb<span class=\"_ _0\"></span>er of addit<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s and disp<span class=\"_ _0\"></span>osals<span class=\"_ _0\"></span>, as well as the Gro<span class=\"_ _0\"></span>up\u2019s share of the prof<span class=\"_ _0\"></span>its and<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gs537\">loss<span class=\"_ _0\"></span>es of the resp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tive ass<span class=\"_ _0\"></span>oci<span class=\"_ _0\"></span>ates and joint ve<span class=\"_ _0\"></span>nture<span class=\"_ _0\"></span>s.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h21 ff1 fs10 fc2 sc0 ls77 ws0 gsa6e\">(ii) <span class=\"_ _d\"> </span>A<span class=\"_ _0\"></span>sso<span class=\"_ _0\"></span>ciates a<span class=\"_ _0\"></span>nd joi<span class=\"_ _0\"></span>nt ven<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>res<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gsa6f\">Th<span class=\"_ _0\"></span>e Group ha<span class=\"_ _0\"></span>s the followin<span class=\"_ _0\"></span>g signi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>can<span class=\"_ _0\"></span>t hold<span class=\"_ _0\"></span>ings cl<span class=\"_ _0\"></span>assif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d as asso<span class=\"_ _0\"></span>ciates an<span class=\"_ _0\"></span>d joint vent<span class=\"_ _0\"></span>ures whi<span class=\"_ _0\"></span>ch have be<span class=\"_ _0\"></span>en inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>ed as f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span>, </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gsa70\">and inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nts in asso<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>ates and joint ven<span class=\"_ _0\"></span>tures ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>unted for usi<span class=\"_ _0\"></span>ng the eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y m<span class=\"_ _0\"></span>etho<span class=\"_ _0\"></span>d. T<span class=\"_ _0\"></span>he gros<span class=\"_ _0\"></span>s asset<span class=\"_ _0\"></span>s of these co<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>nies are in par<span class=\"_ _3\"></span>t fund<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gsa71\">by bor<span class=\"_ _0\"></span>rowing<span class=\"_ _0\"></span>s which are n<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>urs<span class=\"_ _0\"></span>e to the Group.<span class=\"_ _3b2\"> </span></div><div class=\"gsa72\"><table class=\"s w6b3 h1d2\" id=\"_b08b26c6-097b-4e5f-977d-bbad55a8d885\"><tr><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"t m2 xec4 h13 y48ab ff5 fs9 fc1 sc0 ls18 ws0\">% of e<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"t m2 xec4 h13 y48ac ff5 fs9 fc1 sc0 ls38 ws1e2\">shares held<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td></td><td class=\"t m2 xc70 h13 y48ad ff5 fs9 fc1 sc0 ls1 ws16\">Countr<span class=\"_ _0\"></span>y of </td><td class=\"t m2 x26e h13 y48ad ff5 fs9 fc1 sc0 ls3d ws131\">Accounting<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x4d4 h13 y48ad ff6 fs9 fc1 sc0 ls2c ws34\">Inve<span class=\"_ _1\"></span>stment<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x42c h13 y48ad ff5 fs9 fc1 sc0 ls38 ws3a\">Share<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xec4 h13 y48ad ff5 fs9 fc1 sc0 ls18 ws0\">by t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span> </td></tr><tr><td class=\"t m2 x206 h13 y48ae ff5 fs9 fc1 sc0 ls14a ws163\">Company n<span class=\"_ _1\"></span>ame<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m2 xc70 h13 y48ae ff5 fs9 fc1 sc0 ls14a ws164\">incorporation<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x26e h13 y48ae ff5 fs9 fc1 sc0 ls3d ws131\">treatment<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x4d4 h13 y48ae ff5 fs9 fc1 sc0 ls3b ws45\">type<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x42c h13 y48ae ff5 fs9 fc1 sc0 ls3d ws131\">class<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xec4 h13 y48ae ff5 fs9 fc1 sc0 ls3d ws131\">Group<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y4399 w4a h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">245<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1762 y4399 wdf h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Hamme<span class=\"_ _1\"></span>rsmith R<span class=\"_ _1\"></span>oad (<span class=\"_ _1\"></span>Genera<span class=\"_ _1\"></span>l Partner)<span class=\"_ _1\"></span> Limit<span class=\"_ _1\"></span>ed<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1763 y4399 w4ec h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">Engla<span class=\"_ _1\"></span>nd and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1764 y4399 w6b4 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y met<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1765 y4399 w6b5 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1766 y4399 w4c1 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws13f\">Par<span class=\"_ _0\"></span>tnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1767 y4399 w6b6 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">5<span class=\"_ _0\"></span>0.0%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48af w6b7 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 lsea ws27\">245<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1768 y48af w6b8 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 lsea ws27\">Hammers<span class=\"_ _0\"></span>mith Road Limited Partn<span class=\"_ _0\"></span>ership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1769 y48af w4ec h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">Engl<span class=\"_ _1\"></span>and and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x176a y48af w6b9 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>od<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x176b y48af w6b5 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x176c y48af w4c1 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws13f\">Par<span class=\"_ _0\"></span>tnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x176d y48af w6ba h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">5<span class=\"_ _0\"></span>0.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y45dc w42 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">245<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x176e y45dc w6bb h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">H<span class=\"_ _0\"></span>R G<span class=\"_ _0\"></span>P LL<span class=\"_ _0\"></span>P<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x176f y45dc w6bc h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">E<span class=\"_ _0\"></span>ngland a<span class=\"_ _1\"></span>nd Wa<span class=\"_ _1\"></span>les<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1770 y45dc w6bd h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y m<span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span>od<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1771 y45dc w6b5 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1772 y45dc w4c1 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws13f\">Par<span class=\"_ _0\"></span>tnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1773 y45dc w6be h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48b0 w6bf h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Ac<span class=\"_ _0\"></span>ces<span class=\"_ _0\"></span>s D<span class=\"_ _0\"></span>evel<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt II L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d Pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tn<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>shi<span class=\"_ _0\"></span>p<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1774 y48b0 w5aa h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">Jersey<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1775 y48b0 w6b9 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Eq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1776 y48b0 w6c0 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws11c\">Associate<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1777 y48b0 w4e3 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1778 y48b0 w6c1 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls5b ws1b0\">25.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y439d w6c2 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws2a\">Access Dev<span class=\"_ _1\"></span>elopment Limit<span class=\"_ _1\"></span>ed Partnership<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1779 y439d w5aa h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">Jersey<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x177a y439d w6bd h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y m<span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span>od<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x177b y439d w6b5 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x177c y439d w514 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x177d y439d w6c3 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y447b w6c4 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Bracknell<span class=\"_ _1\"></span> General Pa<span class=\"_ _1\"></span>rtner Limited<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x177e y447b w6c5 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">Jersey<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xad5 y447b w6c6 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Eq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>ty m<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x177f y447b w6b5 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1780 y447b w4e0 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1781 y447b w6be h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y45df w6c7 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Bracknell<span class=\"_ _1\"></span> Propert<span class=\"_ _0\"></span>y Unit<span class=\"_ _1\"></span> T<span class=\"_ _4\"></span>rust<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1782 y45df w5aa h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">Jersey<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1783 y45df w6b4 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>od<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1784 y45df w6b5 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1785 y45df w6c8 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls114 ws120\">U<span class=\"_ _0\"></span>nits<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1786 y45df w6c9 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls10a ws118\">50.8%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40b2 w6ca h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Br<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>wo<span class=\"_ _0\"></span>od S<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e Ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>en<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>es L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1787 y40b2 w4c0 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">E<span class=\"_ _0\"></span>ngland and<span class=\"_ _1\"></span> Wale<span class=\"_ _1\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1788 y40b2 w6cb h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y m<span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span>od<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1789 y40b2 w6b5 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x178a y40b2 w4e3 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x178b y40b2 w6c3 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4501 w6cc h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws54\">Bruntwood Sci<span class=\"_ _0\"></span>T<span class=\"_ _1\"></span>ech Limit<span class=\"_ _1\"></span>ed<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x178c y4501 w4c4 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x178d y4501 w6b9 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Eq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y met<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x178e y4501 w6c0 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws11c\">Associate<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x178f y4501 w4e3 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1790 y4501 w6c3 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls1a6 ws1e0\">4<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>.9<span class=\"_ _3\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40b4 w6cd h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws54\">Congenica Limited<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1791 y40b4 w4ce h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1792 y40b4 w6ce h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1793 y40b4 w6c0 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws11c\">Associate<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1794 y40b4 w4e3 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1795 y40b4 w1ff h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls113 ws11f\">8.3%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40b5 w6cf h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">ECF (<span class=\"_ _1\"></span>Genera<span class=\"_ _1\"></span>l Partner)<span class=\"_ _1\"></span> Limit<span class=\"_ _1\"></span>ed<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1796 y40b5 w4d7 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1797 y40b5 w6b4 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1798 y40b5 w6b5 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1799 y40b5 w4e3 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x179a y40b5 w6d0 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls113 ws11f\">33.3%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40b6 w6d1 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">ECV Pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tn<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>sh<span class=\"_ _0\"></span>ips T<span class=\"_ _1\"></span>atte<span class=\"_ _0\"></span>nh<span class=\"_ _0\"></span>all Li<span class=\"_ _0\"></span>mite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x179b y40b6 w4c4 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x179c y40b6 w6d2 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Eq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>ty m<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x178e y40b6 w6b5 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x179d y40b6 w4e3 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1773 y40b6 w6d3 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls130 ws1a1\">26.3%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4301 w6d4 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">ECV Pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tn<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>sh<span class=\"_ _0\"></span>ips War<span class=\"_ _0\"></span>wi<span class=\"_ _0\"></span>ck Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x179e y4301 w4d5 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x179f y4301 w6d5 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>od<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17a0 y4301 w6b5 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17a1 y4301 w4d3 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17a2 y4301 w6d6 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls130 ws1a1\">26.3<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40b8 w6d7 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10a ws5a\">English Cities F<span class=\"_ _1\"></span>und<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x17a3 y40b8 w4c4 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17a4 y40b8 w6d8 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls1 ws0\">F<span class=\"_ _0\"></span>V<span class=\"_ _3\"></span>TPL<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17a5 y40b8 w6d9 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws11c\">Asso<span class=\"_ _0\"></span>ciate<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x178a y40b8 w4c5 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws13f\">Partnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17a6 y40b8 w6c9 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls10a ws118\">30.2%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4302 w6da h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Grav<span class=\"_ _0\"></span>ese<span class=\"_ _0\"></span>nd C<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>dh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>bo<span class=\"_ _0\"></span>ur Ro<span class=\"_ _0\"></span>ad Ma<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt C<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pany L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x17a7 y4302 w4d7 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17a8 y4302 w6b9 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>od<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17a9 y4302 w6b5 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17aa y4302 w4d3 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17ab y4302 w6db h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ba w1af h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Ho<span class=\"_ _0\"></span>use<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>ld C<span class=\"_ _0\"></span>api<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>l P<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x17ac y40ba w6dc h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 lsea ws122\">Australia<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1783 y40ba w6b4 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>od<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1784 y40ba w6c0 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws11c\">Associate<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17ad y40ba w4e0 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17ae y40ba w6dd h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls1a8 ws1e3\">3<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>.1<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y43b7 w6de h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Ima<span class=\"_ _0\"></span>gin<span class=\"_ _0\"></span>e Mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tg<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>s Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted (Ge<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>on H<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e)<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x17af y43b7 w4c7 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17b0 y43b7 w6df h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls1 ws0\">FV<span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>PL<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17b1 y43b7 w6d9 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws11c\">A<span class=\"_ _0\"></span>ssociate<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17b2 y43b7 w6e0 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls12c ws140\">Preferre<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17b3 y43b7 w6e1 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls186 ws1a5\">15<span class=\"_ _3\"></span>.7<span class=\"_ _3\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41d1 w6e2 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">ImpactA Global Holding<span class=\"_ _1\"></span> Limited<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x177e y41d1 w4d5 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xadb y41d1 w6e3 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Eq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>ty m<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17b4 y41d1 w6c0 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws11c\">Associate<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17b5 y41d1 w4e3 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17b6 y41d1 w6e4 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls181 ws19f\">4<span class=\"_ _0\"></span>4.<span class=\"_ _0\"></span>4%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40bd w6e5 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Kao D<span class=\"_ _0\"></span>ata L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x17b7 y40bd w4ec h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">Engla<span class=\"_ _1\"></span>nd and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17b8 y40bd w6e6 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls1 ws0\">F<span class=\"_ _3\"></span>VT<span class=\"_ _0\"></span>PL<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17b9 y40bd w6d9 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws11c\">A<span class=\"_ _0\"></span>ssociate<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1766 y40bd w4e3 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17ba y40bd w6c1 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls5b ws1b0\">32.5<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40be w4d1 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Kens<span class=\"_ _0\"></span>a Gro<span class=\"_ _0\"></span>up L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x17bb y40be w4d7 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17bc y40be w6e7 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls1 ws0\">FV<span class=\"_ _3\"></span>TPL<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17bd y40be w6d9 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws11c\">Asso<span class=\"_ _0\"></span>ciate<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17be y40be w4e3 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17bf y40be w6c3 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">32.0%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40bf w6e8 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Newc<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>tle H<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>ix D<span class=\"_ _0\"></span>eve<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>pm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s LL<span class=\"_ _0\"></span>P<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x17c0 y40bf w4ce h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17c1 y40bf w6e7 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls1 ws0\">FV<span class=\"_ _3\"></span>TPL<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17c2 y40bf w6d9 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws11c\">A<span class=\"_ _0\"></span>ssociate<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17c3 y40bf w4c5 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws13f\">Partnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17c4 y40bf w6d0 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls113 ws11f\">33.3%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c0 w6e9 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">NT<span class=\"_ _0\"></span>R A<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et Ma<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt Eu<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>e DAC<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x17c5 y40c0 w278 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17c6 y40c0 w6e3 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y m<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17c7 y40c0 w6c0 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws11c\">Associate<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17c8 y40c0 w4e3 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17c9 y40c0 w6c1 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls5b ws1b0\">25.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c1 w6ea h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Oxford<span class=\"_ _1\"></span> University<span class=\"_ _1\"></span> Propert<span class=\"_ _0\"></span>y Dev<span class=\"_ _1\"></span>elopment Li<span class=\"_ _1\"></span>mited<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x17ca y40c1 w4c4 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17cb y40c1 w6b9 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>od<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17cc y40c1 w6b5 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17cd y40c1 w521 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17ce y40c1 w6be h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c2 w6eb h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws54\">Pember<span class=\"_ _0\"></span>ton Asset Management Holdings<span class=\"_ _1\"></span> Limited<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x17cf y40c2 w5aa h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">Jersey<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17d0 y40c2 w6ec h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls1 ws0\">F<span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>TPL<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17d1 y40c2 w6ed h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws11c\">Associate<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17d2 y40c2 w4e3 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17d3 y40c2 w6be h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">40.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w6ee h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">Salar<span class=\"_ _0\"></span>y Direct Holdings Limited<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x17d4 y4121 w5aa h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">Jersey<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17d5 y4121 w6ef h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls1 ws0\">F<span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>TPL<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1798 y4121 w6c0 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws11c\">Associate<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17d6 y4121 w4e0 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17d7 y4121 w6f0 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls5b ws1b0\">53<span class=\"_ _0\"></span>.5%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4158 w6f1 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing (<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>lbo<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ne) Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x17d8 y4158 w4ce h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17d9 y4158 w6ce h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y met<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17da y4158 w6b5 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17db y4158 w4e3 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17dc y4158 w6be h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w6f2 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing (<span class=\"_ _0\"></span>B<span class=\"_ _0\"></span>osto<span class=\"_ _0\"></span>n S<span class=\"_ _0\"></span>pa) Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x17dd y40ae w4c4 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17a8 y40ae w6b9 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>od<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17a9 y40ae w6b5 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17aa y40ae w4d3 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17ab y40ae w6db h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"gs6c8\"><table class=\"s w6b3 h1d3\" id=\"_1fc87f39-f9ff-423d-b8b1-bfdda6c9a847\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 xec4 h13 y48b1 ff5 fs9 fc1 sc0 ls18 ws0\">% of e<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 xec4 h13 y48b2 ff5 fs9 fc1 sc0 ls38 ws1e2\">shares held<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m0 xc70 h13 y48b3 ff5 fs9 fc1 sc0 ls1 ws16\">Countr<span class=\"_ _0\"></span>y of </td><td class=\"t m0 x26e h13 y48b3 ff5 fs9 fc1 sc0 ls3d ws131\">Accounting<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x4d4 h13 y48b3 ff6 fs9 fc1 sc0 ls2c ws34\">Inve<span class=\"_ _1\"></span>stment<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x42c h13 y48b3 ff5 fs9 fc1 sc0 ls38 ws3a\">Share<span class=\"_ _3b2\"> </span></td><td class=\"t m0 xec4 h13 y48b3 ff5 fs9 fc1 sc0 ls18 ws0\">by t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span> </td></tr><tr><td class=\"t m0 x206 h13 y48b4 ff5 fs9 fc1 sc0 ls14a ws163\">Company n<span class=\"_ _1\"></span>ame<span class=\"_ _3b2\"> </span></td><td class=\"t m0 xc70 h13 y48b4 ff5 fs9 fc1 sc0 ls14a ws164\">incorporation<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x26e h13 y48b4 ff5 fs9 fc1 sc0 ls3d ws131\">treatment<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x4d4 h13 y48b4 ff5 fs9 fc1 sc0 ls3b ws45\">type<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x42c h13 y48b4 ff5 fs9 fc1 sc0 ls3d ws131\">class<span class=\"_ _3b2\"> </span></td><td class=\"t m0 xec4 h13 y48b4 ff5 fs9 fc1 sc0 ls3d ws131\">Group<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y48b5 w6f3 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing (<span class=\"_ _0\"></span>Br<span class=\"_ _0\"></span>oad<span class=\"_ _0\"></span>br<span class=\"_ _0\"></span>idg<span class=\"_ _0\"></span>e H<span class=\"_ _0\"></span>eath) L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17de y48b5 w4dc h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1792 y48b5 w6ce h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls56 ws0\">Equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1793 y48b5 w6b5 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17df y48b5 w4e0 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17e0 y48b5 w6be h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48b6 w6f4 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls11e ws5c\">Senior Living (<span class=\"_ _1\"></span>Caddington<span class=\"_ _1\"></span>)<span class=\"_ _1\"></span> Limited<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17e1 y48b6 w4d5 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17e2 y48b6 w6d5 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17e3 y48b6 w6b5 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17e4 y48b6 w4e3 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17e5 y48b6 w6be h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48b7 w6f5 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls11e ws5c\">Senior Living (<span class=\"_ _1\"></span>Chandlers F<span class=\"_ _1\"></span>ord) Limited<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17a7 y48b7 w4d7 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17a8 y48b7 w6b9 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>od<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17a9 y48b7 w6b5 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17aa y48b7 w4d3 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17ab y48b7 w6db h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48b8 w6f6 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing (C<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>n) Limi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17e6 y48b8 w4c4 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xad5 y48b8 w6c6 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls56 ws0\">Eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y m<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x177f y48b8 w6b5 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1780 y48b8 w4e0 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1781 y48b8 w6be h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48b9 w6f7 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing (<span class=\"_ _0\"></span>Do<span class=\"_ _0\"></span>re) Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17e7 y48b9 w6f8 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">E<span class=\"_ _0\"></span>ngland a<span class=\"_ _1\"></span>nd Wale<span class=\"_ _1\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17d0 y48b9 w6f9 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y m<span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span>od<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17e8 y48b9 w6b5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17e9 y48b9 w514 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17ea y48b9 w6fa h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48ba w6fb h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">Senior Living (Edenbridge<span class=\"_ _1\"></span>)<span class=\"_ _1\"></span> Limited<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1774 y48ba w4c4 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17eb y48ba w6b9 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1798 y48ba w6b5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1799 y48ba w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x179a y48ba w6db h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48bb w6fc h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing (<span class=\"_ _0\"></span>El<span class=\"_ _0\"></span>str<span class=\"_ _0\"></span>ee) Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17ec y48bb w4c4 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17ed y48bb w6b9 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Eq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17ee y48bb w6b5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17ef y48bb w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17f0 y48bb w6be h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48bc w6fd h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws54\">Senior Living (Farnhams<span class=\"_ _1\"></span>) Limited<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17f1 y48bc w4dc h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17f2 y48bc w6ce h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>od<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17f3 y48bc w6b5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17f4 y48bc w4d3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17c4 y48bc w6be h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48bd w6fe h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing (<span class=\"_ _0\"></span>Fre<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>s) Limi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17f5 y48bd w4ee h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wale<span class=\"_ _1\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1788 y48bd w6cb h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y m<span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span>od<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1789 y48bd w6b5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x178a y48bd w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x178b y48bd w6c3 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48be w6ff h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing (G<span class=\"_ _0\"></span>reat L<span class=\"_ _0\"></span>eig<span class=\"_ _0\"></span>hs) Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17f6 y48be w4c7 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England a<span class=\"_ _1\"></span>nd Wa<span class=\"_ _1\"></span>les<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x177a y48be w6bd h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y m<span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span>od<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x177b y48be w6b5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x177c y48be w514 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x177d y48be w6c3 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48bf w700 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing (<span class=\"_ _0\"></span>Ha<span class=\"_ _0\"></span>lste<span class=\"_ _0\"></span>ad<span class=\"_ _0\"></span>) Li<span class=\"_ _0\"></span>mite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17c0 y48bf w4ce h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17c1 y48bf w6b4 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>od<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17f7 y48bf w6b5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17f8 y48bf w4d3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17f9 y48bf w6be h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48c0 w701 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing (<span class=\"_ _0\"></span>He<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>l He<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>ste<span class=\"_ _0\"></span>ad) L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17fa y48c0 w4c4 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17fb y48c0 w6d5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>od<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17fc y48c0 w6b5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17fd y48c0 w4d3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17fe y48c0 w6be h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48c1 w702 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing (<span class=\"_ _0\"></span>Ho<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>an) Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17ff y48c1 w4ce h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1800 y48c1 w6ce h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1801 y48c1 w6b5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17ad y48c1 w4e0 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17ae y48c1 w6be h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48c2 w5b4 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing (<span class=\"_ _0\"></span>K<span class=\"_ _0\"></span>nowl<span class=\"_ _0\"></span>e) Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1802 y48c2 w4d7 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1803 y48c2 w6b9 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>od<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1784 y48c2 w6b5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1785 y48c2 w4d3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1804 y48c2 w6be h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48c3 w703 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing (<span class=\"_ _0\"></span>Le<span class=\"_ _0\"></span>dia<span class=\"_ _0\"></span>n Far<span class=\"_ _0\"></span>m) Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1805 y48c3 w4ce h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1797 y48c3 w6b4 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1798 y48c3 w6b5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1799 y48c3 w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x179a y48c3 w6db h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48c4 w704 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls4f ws128\">Senior<span class=\"_ _1\"></span> Living<span class=\"_ _1\"></span> (Liphoo<span class=\"_ _1\"></span>k) Li<span class=\"_ _1\"></span>mit<span class=\"_ _1\"></span>ed<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1806 y48c4 w5aa h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">Jersey<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1807 y48c4 w6d5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1801 y48c4 w6b5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17ad y48c4 w4e0 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17ae y48c4 w6be h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48c5 w705 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing (<span class=\"_ _0\"></span>Ma<span class=\"_ _0\"></span>tcha<span class=\"_ _0\"></span>ms) Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1808 y48c5 w4ce h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1809 y48c5 w6b4 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y met<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x180a y48c5 w6b5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1777 y48c5 w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1778 y48c5 w6db h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48c6 w706 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing (S<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>nni<span class=\"_ _0\"></span>ng C<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>n) Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x180b y48c6 w4dc h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x180c y48c6 w707 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x180d y48c6 w6b5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x180e y48c6 w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17c4 y48c6 w6be h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48c7 w708 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing (S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>amfo<span class=\"_ _0\"></span>rd<span class=\"_ _0\"></span>) Li<span class=\"_ _0\"></span>mite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1806 y48c7 w4c4 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1775 y48c7 w6b9 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Eq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1776 y48c7 w6b5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x180f y48c7 w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1810 y48c7 w6db h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48c8 w709 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws54\">Senior Living (Sunbury<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>-<span class=\"_ _1\"></span>Thames)<span class=\"_ _1\"></span> Limited<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17e1 y48c8 w4d5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17e2 y48c8 w6d5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Eq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17e3 y48c8 w6b5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17e4 y48c8 w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17e5 y48c8 w6be h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48c9 w70a h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing (<span class=\"_ _3\"></span>T<span class=\"_ _1\"></span>atten<span class=\"_ _0\"></span>hal<span class=\"_ _0\"></span>l) L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1811 y48c9 w4d7 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1812 y48c9 w6b4 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y met<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1813 y48c9 w6b5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1814 y48c9 w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1815 y48c9 w6db h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48ca w70b h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing (<span class=\"_ _3\"></span>T<span class=\"_ _1\"></span>unbr<span class=\"_ _0\"></span>idg<span class=\"_ _0\"></span>e Well<span class=\"_ _0\"></span>s) Limi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1816 y48ca w4d7 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1817 y48ca w6f9 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equi<span class=\"_ _0\"></span>ty m<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17d1 y48ca w6b5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1818 y48ca w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1819 y48ca w6be h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48cb w70c h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing (<span class=\"_ _3\"></span>T<span class=\"_ _1\"></span>urv<span class=\"_ _0\"></span>ey) Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x181a y48cb w4ce h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17f2 y48cb w6ce h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17f3 y48cb w6b5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17f4 y48cb w4e0 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x181b y48cb w6be h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y461c w70d h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing (<span class=\"_ _3\"></span>Walker<span class=\"_ _0\"></span>n) Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x181c y461c w4d5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x181d y461c w6d5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Eq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y met<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17da y461c w6b5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17db y461c w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17dc y461c w6be h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y456d w70e h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing (<span class=\"_ _3\"></span>War<span class=\"_ _0\"></span>wic<span class=\"_ _0\"></span>k Ga<span class=\"_ _0\"></span>tes) Limi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x181e y456d w4ce h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England a<span class=\"_ _1\"></span>nd Wa<span class=\"_ _1\"></span>les<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1770 y456d w6bd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y m<span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span>od<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1771 y456d w6b5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1772 y456d w4e6 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x181f y456d w6c3 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48cc w70f h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing F<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce 1 L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17ff y48cc w4ce h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1800 y48cc w6ce h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1801 y48cc w6b5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17ad y48cc w4e0 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17ae y48cc w6be h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4437 w710 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>nn<span class=\"_ _0\"></span>en F<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce D<span class=\"_ _0\"></span>esi<span class=\"_ _0\"></span>gn<span class=\"_ _0\"></span>ated A<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y Co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>any<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1820 y4437 w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1788 y4437 w6cb h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y m<span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span>od<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1789 y4437 w6b5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x178a y4437 w711 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls18e ws1af\">N<span class=\"_ _0\"></span>/A<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1821 y4437 w712 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">0.0%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4438 w713 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Sero T<span class=\"_ _4\"></span>echnologies Lim<span class=\"_ _1\"></span>ited<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17f5 y4438 w4c4 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1822 y4438 w714 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls1 ws0\">F<span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>PL<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1823 y4438 w6d9 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws11c\">Asso<span class=\"_ _0\"></span>ciate<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1824 y4438 w4e0 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1825 y4438 w715 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls1a5 ws1df\">21.<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"t m0 x42c h1a y48cd ff3 fs6 fc1 sc0 ls55 ws59\">Ordinar<span class=\"_ _0\"></span>y &amp; </td><td></td></tr><tr><td class=\"c n x1cb y4121 w716 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">Smar<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>365 Financ<span class=\"_ _0\"></span>e Limited<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1826 y4121 w4d7 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and Wa<span class=\"_ _1\"></span>les<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17c1 y4121 w6ec h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls1 ws0\">F<span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>TPL<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1827 y4121 w6ed h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws11c\">Associate<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1828 y4121 w717 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls112 ws6\">Anti<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>dilu<span class=\"_ _0\"></span>tion<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1829 y4121 w718 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls10e ws11c\">35.2%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ac w719 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">SO<span class=\"_ _0\"></span>J<span class=\"_ _0\"></span>V LL<span class=\"_ _0\"></span>P<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x182a y40ac w4c4 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x176a y40ac w6b9 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x176b y40ac w6b5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x176c y40ac w4c1 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws13f\">Par<span class=\"_ _0\"></span>tnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x176d y40ac w6ba h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">5<span class=\"_ _0\"></span>0.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w71a h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws54\">T<span class=\"_ _1\"></span>echficient Holdings<span class=\"_ _1\"></span> LLC<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x179b y40ae w5a6 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls52 ws12a\">USA<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x182b y40ae w6c6 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y m<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x182c y40ae w6ed h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws11c\">Associate<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17be y40ae w711 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls18e ws1af\">N<span class=\"_ _0\"></span>/A<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x182d y40ae w6db h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">45.0<span class=\"_ _0\"></span>%</div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInAssociatesExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-697": {
   "value": "40<span class=\"_ _1\"></span><span class=\"ls8d ws0\">. <span class=\"_ _c7\"> </span>A<span class=\"_ _0\"></span>ssocia<span class=\"_ _1\"></span>tes and j<span class=\"_ _1\"></span>oin<span class=\"_ _1\"></span>t v<span class=\"_ _1\"></span>en<span class=\"_ _1\"></span>tu<span class=\"_ _0\"></span>res<span class=\"_ _3b2\"> </span></span>Su<span class=\"_ _0\"></span>mma<span class=\"_ _0\"></span>rise<span class=\"_ _0\"></span>d fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial infor<span class=\"_ _0\"></span>matio<span class=\"_ _0\"></span>n for asso<span class=\"_ _0\"></span>ciates an<span class=\"_ _0\"></span>d joint ventu<span class=\"_ _0\"></span>res ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>unted for und<span class=\"_ _0\"></span>er th<span class=\"_ _0\"></span>e equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y meth<span class=\"_ _0\"></span>od is show<span class=\"_ _0\"></span>n below<span class=\"_ _0\"></span>:<span class=\"_ _3b2\"> </span><table class=\"s w4b3 h1c5\" id=\"_b3925aed-2e15-4803-bae9-f1638ab5ff45\"><tr><td></td><td></td><td class=\"t m2 x431 h13 y46db ff5 fs9 fc1 sc0 ls3d ws131\">Joint<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m2 x1c7 hf y46db ff3 fs9 fc1 sc0 ls187 ws19c\">Joint<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x42d h13 y46dc ff5 fs9 fc1 sc0 ls38 ws3a\">Associates<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x5af h13 y46dc ff6 fs9 fc1 sc0 ls38 ws3a\">ventures<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x27f hf y46dc ff3 fs9 fc1 sc0 ls168 ws183\">Associates<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x3fc hf y46dc ff3 fs9 fc1 sc0 ls16a ws185\">venture<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x430 h13 y46dd ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x431 h13 y46dd ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c6 hf y46dd ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y46dd ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 xac3 h13 y46de ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x433 h13 y46de ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c8 hf y46de ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y46de ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y40bd w4b4 h116\"><div class=\"t m2 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls10e ws54\">Current assets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x843 y40bd w7b h116\"><div class=\"t m2 x1ca h1a y40b1 ff5 fs6 fc1 sc0 ls56 ws55\">83<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x844 y40bd w4a h116\"><div class=\"t m2 x1ca h1a y40b1 ff5 fs6 fc1 sc0 ls56 ws55\">428<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x845 y40bd w42 h116\"><div class=\"t m2 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls56 ws55\">106<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x846 y40bd w42 h116\"><div class=\"t m2 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls56 ws55\">486<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4358 w4b5 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws54\">Non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>current assets<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x96e y4358 w36 h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">1,722<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1622 y4358 w4a h118\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">740<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x753 y4358 w37 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,638<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1415 y4358 w42 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">403<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40bf w4b6 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls114 ws10d\">Curren<span class=\"_ _0\"></span>t liabilities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xcd9 y40bf w70 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">61<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x75d y40bf w4a h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">143<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x854 y40bf w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">216<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x855 y40bf w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">133<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41dd w4b7 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls114 ws10d\">Non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>rrent liabili<span class=\"_ _0\"></span>ties<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x837 y41dd w36 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">1,056<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x922 y41dd wa6 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1623 y41dd w42 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">867<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x946 y41dd w39 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">24<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y419a w4b8 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">(Lo<span class=\"_ _0\"></span>ss)/prof<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t fro<span class=\"_ _0\"></span>m co<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>nui<span class=\"_ _0\"></span>ng o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns \u2013 total<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1624 y419a w41 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(95)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1625 y419a w41 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(27)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1626 y419a w71 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(76)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1627 y419a w71 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(88)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w4b9 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">(Lo<span class=\"_ _0\"></span>ss)/prof<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t fro<span class=\"_ _0\"></span>m co<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>nui<span class=\"_ _0\"></span>ng o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns \u2013 Gr<span class=\"_ _0\"></span>oup<span class=\"_ _0\"></span>\u2019s shar<span class=\"_ _0\"></span>e<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1628 y4121 w41 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(40)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1629 y4121 w41 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(14)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x162a y4121 w71 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(28)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf9a y4121 w5a h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(34)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ac w4ba h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">T<span class=\"_ _1\"></span>otal co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>nsi<span class=\"_ _0\"></span>ve in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me \u2013 tot<span class=\"_ _0\"></span>al<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x43d y40ac waf h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(95)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x162b y40ac w41 h118\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">(27)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x162c y40ac w71 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(76)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x162d y40ac w71 h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(88)<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w4bb h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">T<span class=\"_ _1\"></span>otal co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>nsi<span class=\"_ _0\"></span>ve in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me \u2013 G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p\u2019s sha<span class=\"_ _0\"></span>re<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x162e y40ae w41 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(40)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x162f y40ae w41 h118\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">(14)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x138f y40ae w5a h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(28)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x384 y40ae w5a h118\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">(34)<span class=\"_ _3b2\"> </span></div></td></tr></table>Th<span class=\"_ _0\"></span>e asso<span class=\"_ _0\"></span>ciates and joi<span class=\"_ _0\"></span>nt ventu<span class=\"_ _0\"></span>res have no signi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>can<span class=\"_ _0\"></span>t cont<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>ent liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>ies to which th<span class=\"_ _0\"></span>e Group is exp<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>d. T<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up has no co<span class=\"_ _0\"></span>mm<span class=\"_ _0\"></span>itm<span class=\"_ _0\"></span>ents to provid<span class=\"_ _0\"></span>e fun<span class=\"_ _0\"></span>ding to asso<span class=\"_ _0\"></span>ciates and jo<span class=\"_ _0\"></span>int ventu<span class=\"_ _0\"></span>res othe<span class=\"_ _0\"></span>r than th<span class=\"_ _0\"></span>e ones in<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d in Note 39.<span class=\"_ _3b2\"> </span>Dur<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e year, <span class=\"_ _1\"></span>the total valu<span class=\"_ _0\"></span>e of Investme<span class=\"_ _0\"></span>nt in asso<span class=\"_ _0\"></span>ciates an<span class=\"_ _0\"></span>d joint vent<span class=\"_ _0\"></span>ures ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>unted for usin<span class=\"_ _0\"></span>g the eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>d on the Gro<span class=\"_ _0\"></span>up\u2019s Con<span class=\"_ _0\"></span>solid<span class=\"_ _0\"></span>ated Bala<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e She<span class=\"_ _0\"></span>et in<span class=\"_ _0\"></span>cre<span class=\"_ _0\"></span>ased to \u00a387<span class=\"_ _0\"></span>2m (20<span class=\"_ _0\"></span>23: \u00a361<span class=\"_ _1\"></span>6m), refle<span class=\"_ _0\"></span>ctin<span class=\"_ _0\"></span>g a numb<span class=\"_ _0\"></span>er of addit<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s and disp<span class=\"_ _0\"></span>osals<span class=\"_ _0\"></span>, as well as the Gro<span class=\"_ _0\"></span>up\u2019s share of the prof<span class=\"_ _0\"></span>its and<span class=\"_ _0\"></span> loss<span class=\"_ _0\"></span>es of the resp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tive ass<span class=\"_ _0\"></span>oci<span class=\"_ _0\"></span>ates and joint ve<span class=\"_ _0\"></span>nture<span class=\"_ _0\"></span>s.<span class=\"_ _3b2\"> </span>(ii) <span class=\"_ _d\"> </span>A<span class=\"_ _0\"></span>sso<span class=\"_ _0\"></span>ciates a<span class=\"_ _0\"></span>nd joi<span class=\"_ _0\"></span>nt ven<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>res<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Group ha<span class=\"_ _0\"></span>s the followin<span class=\"_ _0\"></span>g signi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>can<span class=\"_ _0\"></span>t hold<span class=\"_ _0\"></span>ings cl<span class=\"_ _0\"></span>assif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d as asso<span class=\"_ _0\"></span>ciates an<span class=\"_ _0\"></span>d joint vent<span class=\"_ _0\"></span>ures whi<span class=\"_ _0\"></span>ch have be<span class=\"_ _0\"></span>en inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>ed as f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span>, and inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nts in asso<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>ates and joint ven<span class=\"_ _0\"></span>tures ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>unted for usi<span class=\"_ _0\"></span>ng the eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y m<span class=\"_ _0\"></span>etho<span class=\"_ _0\"></span>d. T<span class=\"_ _0\"></span>he gros<span class=\"_ _0\"></span>s asset<span class=\"_ _0\"></span>s of these co<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>nies are in par<span class=\"_ _3\"></span>t fund<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span> by bor<span class=\"_ _0\"></span>rowing<span class=\"_ _0\"></span>s which are n<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>urs<span class=\"_ _0\"></span>e to the Group.<span class=\"_ _3b2\"> </span><table class=\"s w6b3 h1d2\" id=\"_b08b26c6-097b-4e5f-977d-bbad55a8d885\"><tr><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"t m2 xec4 h13 y48ab ff5 fs9 fc1 sc0 ls18 ws0\">% of e<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"t m2 xec4 h13 y48ac ff5 fs9 fc1 sc0 ls38 ws1e2\">shares held<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td></td><td class=\"t m2 xc70 h13 y48ad ff5 fs9 fc1 sc0 ls1 ws16\">Countr<span class=\"_ _0\"></span>y of </td><td class=\"t m2 x26e h13 y48ad ff5 fs9 fc1 sc0 ls3d ws131\">Accounting<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x4d4 h13 y48ad ff6 fs9 fc1 sc0 ls2c ws34\">Inve<span class=\"_ _1\"></span>stment<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x42c h13 y48ad ff5 fs9 fc1 sc0 ls38 ws3a\">Share<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xec4 h13 y48ad ff5 fs9 fc1 sc0 ls18 ws0\">by t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span> </td></tr><tr><td class=\"t m2 x206 h13 y48ae ff5 fs9 fc1 sc0 ls14a ws163\">Company n<span class=\"_ _1\"></span>ame<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m2 xc70 h13 y48ae ff5 fs9 fc1 sc0 ls14a ws164\">incorporation<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x26e h13 y48ae ff5 fs9 fc1 sc0 ls3d ws131\">treatment<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x4d4 h13 y48ae ff5 fs9 fc1 sc0 ls3b ws45\">type<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x42c h13 y48ae ff5 fs9 fc1 sc0 ls3d ws131\">class<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xec4 h13 y48ae ff5 fs9 fc1 sc0 ls3d ws131\">Group<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y4399 w4a h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">245<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1762 y4399 wdf h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Hamme<span class=\"_ _1\"></span>rsmith R<span class=\"_ _1\"></span>oad (<span class=\"_ _1\"></span>Genera<span class=\"_ _1\"></span>l Partner)<span class=\"_ _1\"></span> Limit<span class=\"_ _1\"></span>ed<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1763 y4399 w4ec h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">Engla<span class=\"_ _1\"></span>nd and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1764 y4399 w6b4 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y met<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1765 y4399 w6b5 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1766 y4399 w4c1 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws13f\">Par<span class=\"_ _0\"></span>tnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1767 y4399 w6b6 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">5<span class=\"_ _0\"></span>0.0%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48af w6b7 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 lsea ws27\">245<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1768 y48af w6b8 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 lsea ws27\">Hammers<span class=\"_ _0\"></span>mith Road Limited Partn<span class=\"_ _0\"></span>ership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1769 y48af w4ec h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">Engl<span class=\"_ _1\"></span>and and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x176a y48af w6b9 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>od<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x176b y48af w6b5 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x176c y48af w4c1 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws13f\">Par<span class=\"_ _0\"></span>tnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x176d y48af w6ba h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">5<span class=\"_ _0\"></span>0.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y45dc w42 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">245<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x176e y45dc w6bb h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">H<span class=\"_ _0\"></span>R G<span class=\"_ _0\"></span>P LL<span class=\"_ _0\"></span>P<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x176f y45dc w6bc h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">E<span class=\"_ _0\"></span>ngland a<span class=\"_ _1\"></span>nd Wa<span class=\"_ _1\"></span>les<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1770 y45dc w6bd h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y m<span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span>od<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1771 y45dc w6b5 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1772 y45dc w4c1 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws13f\">Par<span class=\"_ _0\"></span>tnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1773 y45dc w6be h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48b0 w6bf h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Ac<span class=\"_ _0\"></span>ces<span class=\"_ _0\"></span>s D<span class=\"_ _0\"></span>evel<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt II L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d Pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tn<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>shi<span class=\"_ _0\"></span>p<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1774 y48b0 w5aa h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">Jersey<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1775 y48b0 w6b9 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Eq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1776 y48b0 w6c0 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws11c\">Associate<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1777 y48b0 w4e3 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1778 y48b0 w6c1 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls5b ws1b0\">25.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y439d w6c2 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws2a\">Access Dev<span class=\"_ _1\"></span>elopment Limit<span class=\"_ _1\"></span>ed Partnership<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1779 y439d w5aa h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">Jersey<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x177a y439d w6bd h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y m<span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span>od<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x177b y439d w6b5 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x177c y439d w514 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x177d y439d w6c3 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y447b w6c4 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Bracknell<span class=\"_ _1\"></span> General Pa<span class=\"_ _1\"></span>rtner Limited<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x177e y447b w6c5 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">Jersey<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xad5 y447b w6c6 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Eq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>ty m<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x177f y447b w6b5 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1780 y447b w4e0 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1781 y447b w6be h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y45df w6c7 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Bracknell<span class=\"_ _1\"></span> Propert<span class=\"_ _0\"></span>y Unit<span class=\"_ _1\"></span> T<span class=\"_ _4\"></span>rust<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1782 y45df w5aa h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">Jersey<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1783 y45df w6b4 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>od<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1784 y45df w6b5 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1785 y45df w6c8 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls114 ws120\">U<span class=\"_ _0\"></span>nits<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1786 y45df w6c9 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls10a ws118\">50.8%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40b2 w6ca h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Br<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>wo<span class=\"_ _0\"></span>od S<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e Ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>en<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>es L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1787 y40b2 w4c0 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">E<span class=\"_ _0\"></span>ngland and<span class=\"_ _1\"></span> Wale<span class=\"_ _1\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1788 y40b2 w6cb h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y m<span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span>od<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1789 y40b2 w6b5 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x178a y40b2 w4e3 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x178b y40b2 w6c3 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4501 w6cc h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws54\">Bruntwood Sci<span class=\"_ _0\"></span>T<span class=\"_ _1\"></span>ech Limit<span class=\"_ _1\"></span>ed<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x178c y4501 w4c4 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x178d y4501 w6b9 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Eq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y met<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x178e y4501 w6c0 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws11c\">Associate<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x178f y4501 w4e3 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1790 y4501 w6c3 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls1a6 ws1e0\">4<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>.9<span class=\"_ _3\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40b4 w6cd h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws54\">Congenica Limited<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1791 y40b4 w4ce h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1792 y40b4 w6ce h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1793 y40b4 w6c0 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws11c\">Associate<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1794 y40b4 w4e3 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1795 y40b4 w1ff h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls113 ws11f\">8.3%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40b5 w6cf h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">ECF (<span class=\"_ _1\"></span>Genera<span class=\"_ _1\"></span>l Partner)<span class=\"_ _1\"></span> Limit<span class=\"_ _1\"></span>ed<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1796 y40b5 w4d7 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1797 y40b5 w6b4 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1798 y40b5 w6b5 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1799 y40b5 w4e3 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x179a y40b5 w6d0 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls113 ws11f\">33.3%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40b6 w6d1 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">ECV Pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tn<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>sh<span class=\"_ _0\"></span>ips T<span class=\"_ _1\"></span>atte<span class=\"_ _0\"></span>nh<span class=\"_ _0\"></span>all Li<span class=\"_ _0\"></span>mite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x179b y40b6 w4c4 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x179c y40b6 w6d2 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Eq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>ty m<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x178e y40b6 w6b5 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x179d y40b6 w4e3 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1773 y40b6 w6d3 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls130 ws1a1\">26.3%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4301 w6d4 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">ECV Pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tn<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>sh<span class=\"_ _0\"></span>ips War<span class=\"_ _0\"></span>wi<span class=\"_ _0\"></span>ck Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x179e y4301 w4d5 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x179f y4301 w6d5 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>od<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17a0 y4301 w6b5 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17a1 y4301 w4d3 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17a2 y4301 w6d6 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls130 ws1a1\">26.3<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40b8 w6d7 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10a ws5a\">English Cities F<span class=\"_ _1\"></span>und<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x17a3 y40b8 w4c4 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17a4 y40b8 w6d8 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls1 ws0\">F<span class=\"_ _0\"></span>V<span class=\"_ _3\"></span>TPL<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17a5 y40b8 w6d9 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws11c\">Asso<span class=\"_ _0\"></span>ciate<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x178a y40b8 w4c5 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws13f\">Partnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17a6 y40b8 w6c9 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls10a ws118\">30.2%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4302 w6da h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Grav<span class=\"_ _0\"></span>ese<span class=\"_ _0\"></span>nd C<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>dh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>bo<span class=\"_ _0\"></span>ur Ro<span class=\"_ _0\"></span>ad Ma<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt C<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pany L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x17a7 y4302 w4d7 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17a8 y4302 w6b9 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>od<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17a9 y4302 w6b5 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17aa y4302 w4d3 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17ab y4302 w6db h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ba w1af h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Ho<span class=\"_ _0\"></span>use<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>ld C<span class=\"_ _0\"></span>api<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>l P<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x17ac y40ba w6dc h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 lsea ws122\">Australia<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1783 y40ba w6b4 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>od<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1784 y40ba w6c0 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws11c\">Associate<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17ad y40ba w4e0 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17ae y40ba w6dd h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls1a8 ws1e3\">3<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>.1<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y43b7 w6de h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Ima<span class=\"_ _0\"></span>gin<span class=\"_ _0\"></span>e Mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tg<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>s Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted (Ge<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>on H<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e)<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x17af y43b7 w4c7 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17b0 y43b7 w6df h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls1 ws0\">FV<span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>PL<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17b1 y43b7 w6d9 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws11c\">A<span class=\"_ _0\"></span>ssociate<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17b2 y43b7 w6e0 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls12c ws140\">Preferre<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17b3 y43b7 w6e1 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls186 ws1a5\">15<span class=\"_ _3\"></span>.7<span class=\"_ _3\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41d1 w6e2 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">ImpactA Global Holding<span class=\"_ _1\"></span> Limited<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x177e y41d1 w4d5 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xadb y41d1 w6e3 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Eq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>ty m<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17b4 y41d1 w6c0 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws11c\">Associate<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17b5 y41d1 w4e3 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17b6 y41d1 w6e4 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls181 ws19f\">4<span class=\"_ _0\"></span>4.<span class=\"_ _0\"></span>4%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40bd w6e5 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Kao D<span class=\"_ _0\"></span>ata L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x17b7 y40bd w4ec h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">Engla<span class=\"_ _1\"></span>nd and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17b8 y40bd w6e6 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls1 ws0\">F<span class=\"_ _3\"></span>VT<span class=\"_ _0\"></span>PL<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17b9 y40bd w6d9 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws11c\">A<span class=\"_ _0\"></span>ssociate<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1766 y40bd w4e3 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17ba y40bd w6c1 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls5b ws1b0\">32.5<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40be w4d1 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Kens<span class=\"_ _0\"></span>a Gro<span class=\"_ _0\"></span>up L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x17bb y40be w4d7 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17bc y40be w6e7 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls1 ws0\">FV<span class=\"_ _3\"></span>TPL<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17bd y40be w6d9 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws11c\">Asso<span class=\"_ _0\"></span>ciate<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17be y40be w4e3 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17bf y40be w6c3 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">32.0%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40bf w6e8 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Newc<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>tle H<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>ix D<span class=\"_ _0\"></span>eve<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>pm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s LL<span class=\"_ _0\"></span>P<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x17c0 y40bf w4ce h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17c1 y40bf w6e7 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls1 ws0\">FV<span class=\"_ _3\"></span>TPL<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17c2 y40bf w6d9 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws11c\">A<span class=\"_ _0\"></span>ssociate<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17c3 y40bf w4c5 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws13f\">Partnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17c4 y40bf w6d0 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls113 ws11f\">33.3%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c0 w6e9 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">NT<span class=\"_ _0\"></span>R A<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et Ma<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt Eu<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>e DAC<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x17c5 y40c0 w278 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17c6 y40c0 w6e3 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y m<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17c7 y40c0 w6c0 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws11c\">Associate<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17c8 y40c0 w4e3 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17c9 y40c0 w6c1 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls5b ws1b0\">25.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c1 w6ea h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Oxford<span class=\"_ _1\"></span> University<span class=\"_ _1\"></span> Propert<span class=\"_ _0\"></span>y Dev<span class=\"_ _1\"></span>elopment Li<span class=\"_ _1\"></span>mited<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x17ca y40c1 w4c4 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17cb y40c1 w6b9 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>od<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17cc y40c1 w6b5 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17cd y40c1 w521 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17ce y40c1 w6be h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c2 w6eb h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws54\">Pember<span class=\"_ _0\"></span>ton Asset Management Holdings<span class=\"_ _1\"></span> Limited<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x17cf y40c2 w5aa h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">Jersey<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17d0 y40c2 w6ec h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls1 ws0\">F<span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>TPL<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17d1 y40c2 w6ed h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws11c\">Associate<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17d2 y40c2 w4e3 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17d3 y40c2 w6be h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">40.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w6ee h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">Salar<span class=\"_ _0\"></span>y Direct Holdings Limited<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x17d4 y4121 w5aa h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">Jersey<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17d5 y4121 w6ef h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls1 ws0\">F<span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>TPL<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1798 y4121 w6c0 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws11c\">Associate<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17d6 y4121 w4e0 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17d7 y4121 w6f0 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls5b ws1b0\">53<span class=\"_ _0\"></span>.5%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4158 w6f1 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing (<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>lbo<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ne) Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x17d8 y4158 w4ce h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17d9 y4158 w6ce h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y met<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17da y4158 w6b5 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17db y4158 w4e3 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17dc y4158 w6be h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w6f2 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing (<span class=\"_ _0\"></span>B<span class=\"_ _0\"></span>osto<span class=\"_ _0\"></span>n S<span class=\"_ _0\"></span>pa) Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x17dd y40ae w4c4 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17a8 y40ae w6b9 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>od<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17a9 y40ae w6b5 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17aa y40ae w4d3 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17ab y40ae w6db h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr></table><table class=\"s w6b3 h1d3\" id=\"_1fc87f39-f9ff-423d-b8b1-bfdda6c9a847\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 xec4 h13 y48b1 ff5 fs9 fc1 sc0 ls18 ws0\">% of e<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 xec4 h13 y48b2 ff5 fs9 fc1 sc0 ls38 ws1e2\">shares held<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m0 xc70 h13 y48b3 ff5 fs9 fc1 sc0 ls1 ws16\">Countr<span class=\"_ _0\"></span>y of </td><td class=\"t m0 x26e h13 y48b3 ff5 fs9 fc1 sc0 ls3d ws131\">Accounting<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x4d4 h13 y48b3 ff6 fs9 fc1 sc0 ls2c ws34\">Inve<span class=\"_ _1\"></span>stment<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x42c h13 y48b3 ff5 fs9 fc1 sc0 ls38 ws3a\">Share<span class=\"_ _3b2\"> </span></td><td class=\"t m0 xec4 h13 y48b3 ff5 fs9 fc1 sc0 ls18 ws0\">by t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span> </td></tr><tr><td class=\"t m0 x206 h13 y48b4 ff5 fs9 fc1 sc0 ls14a ws163\">Company n<span class=\"_ _1\"></span>ame<span class=\"_ _3b2\"> </span></td><td class=\"t m0 xc70 h13 y48b4 ff5 fs9 fc1 sc0 ls14a ws164\">incorporation<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x26e h13 y48b4 ff5 fs9 fc1 sc0 ls3d ws131\">treatment<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x4d4 h13 y48b4 ff5 fs9 fc1 sc0 ls3b ws45\">type<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x42c h13 y48b4 ff5 fs9 fc1 sc0 ls3d ws131\">class<span class=\"_ _3b2\"> </span></td><td class=\"t m0 xec4 h13 y48b4 ff5 fs9 fc1 sc0 ls3d ws131\">Group<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y48b5 w6f3 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing (<span class=\"_ _0\"></span>Br<span class=\"_ _0\"></span>oad<span class=\"_ _0\"></span>br<span class=\"_ _0\"></span>idg<span class=\"_ _0\"></span>e H<span class=\"_ _0\"></span>eath) L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17de y48b5 w4dc h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1792 y48b5 w6ce h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls56 ws0\">Equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1793 y48b5 w6b5 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17df y48b5 w4e0 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17e0 y48b5 w6be h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48b6 w6f4 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls11e ws5c\">Senior Living (<span class=\"_ _1\"></span>Caddington<span class=\"_ _1\"></span>)<span class=\"_ _1\"></span> Limited<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17e1 y48b6 w4d5 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17e2 y48b6 w6d5 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17e3 y48b6 w6b5 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17e4 y48b6 w4e3 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17e5 y48b6 w6be h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48b7 w6f5 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls11e ws5c\">Senior Living (<span class=\"_ _1\"></span>Chandlers F<span class=\"_ _1\"></span>ord) Limited<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17a7 y48b7 w4d7 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17a8 y48b7 w6b9 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>od<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17a9 y48b7 w6b5 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17aa y48b7 w4d3 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17ab y48b7 w6db h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48b8 w6f6 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing (C<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>n) Limi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17e6 y48b8 w4c4 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xad5 y48b8 w6c6 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls56 ws0\">Eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y m<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x177f y48b8 w6b5 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1780 y48b8 w4e0 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1781 y48b8 w6be h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48b9 w6f7 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing (<span class=\"_ _0\"></span>Do<span class=\"_ _0\"></span>re) Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17e7 y48b9 w6f8 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">E<span class=\"_ _0\"></span>ngland a<span class=\"_ _1\"></span>nd Wale<span class=\"_ _1\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17d0 y48b9 w6f9 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y m<span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span>od<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17e8 y48b9 w6b5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17e9 y48b9 w514 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17ea y48b9 w6fa h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48ba w6fb h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">Senior Living (Edenbridge<span class=\"_ _1\"></span>)<span class=\"_ _1\"></span> Limited<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1774 y48ba w4c4 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17eb y48ba w6b9 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1798 y48ba w6b5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1799 y48ba w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x179a y48ba w6db h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48bb w6fc h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing (<span class=\"_ _0\"></span>El<span class=\"_ _0\"></span>str<span class=\"_ _0\"></span>ee) Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17ec y48bb w4c4 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17ed y48bb w6b9 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Eq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17ee y48bb w6b5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17ef y48bb w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17f0 y48bb w6be h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48bc w6fd h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws54\">Senior Living (Farnhams<span class=\"_ _1\"></span>) Limited<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17f1 y48bc w4dc h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17f2 y48bc w6ce h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>od<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17f3 y48bc w6b5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17f4 y48bc w4d3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17c4 y48bc w6be h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48bd w6fe h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing (<span class=\"_ _0\"></span>Fre<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>s) Limi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17f5 y48bd w4ee h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wale<span class=\"_ _1\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1788 y48bd w6cb h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y m<span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span>od<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1789 y48bd w6b5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x178a y48bd w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x178b y48bd w6c3 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48be w6ff h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing (G<span class=\"_ _0\"></span>reat L<span class=\"_ _0\"></span>eig<span class=\"_ _0\"></span>hs) Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17f6 y48be w4c7 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England a<span class=\"_ _1\"></span>nd Wa<span class=\"_ _1\"></span>les<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x177a y48be w6bd h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y m<span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span>od<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x177b y48be w6b5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x177c y48be w514 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x177d y48be w6c3 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48bf w700 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing (<span class=\"_ _0\"></span>Ha<span class=\"_ _0\"></span>lste<span class=\"_ _0\"></span>ad<span class=\"_ _0\"></span>) Li<span class=\"_ _0\"></span>mite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17c0 y48bf w4ce h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17c1 y48bf w6b4 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>od<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17f7 y48bf w6b5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17f8 y48bf w4d3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17f9 y48bf w6be h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48c0 w701 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing (<span class=\"_ _0\"></span>He<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>l He<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>ste<span class=\"_ _0\"></span>ad) L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17fa y48c0 w4c4 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17fb y48c0 w6d5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>od<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17fc y48c0 w6b5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17fd y48c0 w4d3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17fe y48c0 w6be h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48c1 w702 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing (<span class=\"_ _0\"></span>Ho<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>an) Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17ff y48c1 w4ce h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1800 y48c1 w6ce h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1801 y48c1 w6b5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17ad y48c1 w4e0 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17ae y48c1 w6be h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48c2 w5b4 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing (<span class=\"_ _0\"></span>K<span class=\"_ _0\"></span>nowl<span class=\"_ _0\"></span>e) Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1802 y48c2 w4d7 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1803 y48c2 w6b9 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>od<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1784 y48c2 w6b5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1785 y48c2 w4d3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1804 y48c2 w6be h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48c3 w703 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing (<span class=\"_ _0\"></span>Le<span class=\"_ _0\"></span>dia<span class=\"_ _0\"></span>n Far<span class=\"_ _0\"></span>m) Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1805 y48c3 w4ce h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1797 y48c3 w6b4 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1798 y48c3 w6b5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1799 y48c3 w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x179a y48c3 w6db h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48c4 w704 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls4f ws128\">Senior<span class=\"_ _1\"></span> Living<span class=\"_ _1\"></span> (Liphoo<span class=\"_ _1\"></span>k) Li<span class=\"_ _1\"></span>mit<span class=\"_ _1\"></span>ed<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1806 y48c4 w5aa h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">Jersey<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1807 y48c4 w6d5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1801 y48c4 w6b5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17ad y48c4 w4e0 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17ae y48c4 w6be h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48c5 w705 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing (<span class=\"_ _0\"></span>Ma<span class=\"_ _0\"></span>tcha<span class=\"_ _0\"></span>ms) Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1808 y48c5 w4ce h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1809 y48c5 w6b4 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y met<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x180a y48c5 w6b5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1777 y48c5 w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1778 y48c5 w6db h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48c6 w706 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing (S<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>nni<span class=\"_ _0\"></span>ng C<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>n) Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x180b y48c6 w4dc h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x180c y48c6 w707 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x180d y48c6 w6b5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x180e y48c6 w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17c4 y48c6 w6be h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48c7 w708 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing (S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>amfo<span class=\"_ _0\"></span>rd<span class=\"_ _0\"></span>) Li<span class=\"_ _0\"></span>mite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1806 y48c7 w4c4 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1775 y48c7 w6b9 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Eq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1776 y48c7 w6b5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x180f y48c7 w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1810 y48c7 w6db h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48c8 w709 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws54\">Senior Living (Sunbury<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>-<span class=\"_ _1\"></span>Thames)<span class=\"_ _1\"></span> Limited<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17e1 y48c8 w4d5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17e2 y48c8 w6d5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Eq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17e3 y48c8 w6b5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17e4 y48c8 w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17e5 y48c8 w6be h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48c9 w70a h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing (<span class=\"_ _3\"></span>T<span class=\"_ _1\"></span>atten<span class=\"_ _0\"></span>hal<span class=\"_ _0\"></span>l) L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1811 y48c9 w4d7 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1812 y48c9 w6b4 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y met<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1813 y48c9 w6b5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1814 y48c9 w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1815 y48c9 w6db h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48ca w70b h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing (<span class=\"_ _3\"></span>T<span class=\"_ _1\"></span>unbr<span class=\"_ _0\"></span>idg<span class=\"_ _0\"></span>e Well<span class=\"_ _0\"></span>s) Limi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1816 y48ca w4d7 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1817 y48ca w6f9 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equi<span class=\"_ _0\"></span>ty m<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17d1 y48ca w6b5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1818 y48ca w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1819 y48ca w6be h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48cb w70c h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing (<span class=\"_ _3\"></span>T<span class=\"_ _1\"></span>urv<span class=\"_ _0\"></span>ey) Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x181a y48cb w4ce h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17f2 y48cb w6ce h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17f3 y48cb w6b5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17f4 y48cb w4e0 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x181b y48cb w6be h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y461c w70d h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing (<span class=\"_ _3\"></span>Walker<span class=\"_ _0\"></span>n) Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x181c y461c w4d5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x181d y461c w6d5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Eq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y met<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17da y461c w6b5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17db y461c w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17dc y461c w6be h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y456d w70e h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing (<span class=\"_ _3\"></span>War<span class=\"_ _0\"></span>wic<span class=\"_ _0\"></span>k Ga<span class=\"_ _0\"></span>tes) Limi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x181e y456d w4ce h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England a<span class=\"_ _1\"></span>nd Wa<span class=\"_ _1\"></span>les<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1770 y456d w6bd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y m<span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span>od<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1771 y456d w6b5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1772 y456d w4e6 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x181f y456d w6c3 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48cc w70f h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing F<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce 1 L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17ff y48cc w4ce h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1800 y48cc w6ce h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1801 y48cc w6b5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17ad y48cc w4e0 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17ae y48cc w6be h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4437 w710 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>nn<span class=\"_ _0\"></span>en F<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce D<span class=\"_ _0\"></span>esi<span class=\"_ _0\"></span>gn<span class=\"_ _0\"></span>ated A<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y Co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>any<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1820 y4437 w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1788 y4437 w6cb h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y m<span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span>od<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1789 y4437 w6b5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x178a y4437 w711 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls18e ws1af\">N<span class=\"_ _0\"></span>/A<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1821 y4437 w712 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">0.0%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4438 w713 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Sero T<span class=\"_ _4\"></span>echnologies Lim<span class=\"_ _1\"></span>ited<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17f5 y4438 w4c4 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1822 y4438 w714 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls1 ws0\">F<span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>PL<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1823 y4438 w6d9 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws11c\">Asso<span class=\"_ _0\"></span>ciate<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1824 y4438 w4e0 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1825 y4438 w715 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls1a5 ws1df\">21.<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"t m0 x42c h1a y48cd ff3 fs6 fc1 sc0 ls55 ws59\">Ordinar<span class=\"_ _0\"></span>y &amp; </td><td></td></tr><tr><td class=\"c n x1cb y4121 w716 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">Smar<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>365 Financ<span class=\"_ _0\"></span>e Limited<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1826 y4121 w4d7 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and Wa<span class=\"_ _1\"></span>les<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17c1 y4121 w6ec h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls1 ws0\">F<span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>TPL<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1827 y4121 w6ed h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws11c\">Associate<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1828 y4121 w717 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls112 ws6\">Anti<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>dilu<span class=\"_ _0\"></span>tion<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1829 y4121 w718 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls10e ws11c\">35.2%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ac w719 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">SO<span class=\"_ _0\"></span>J<span class=\"_ _0\"></span>V LL<span class=\"_ _0\"></span>P<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x182a y40ac w4c4 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x176a y40ac w6b9 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x176b y40ac w6b5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x176c y40ac w4c1 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws13f\">Par<span class=\"_ _0\"></span>tnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x176d y40ac w6ba h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">5<span class=\"_ _0\"></span>0.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w71a h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws54\">T<span class=\"_ _1\"></span>echficient Holdings<span class=\"_ _1\"></span> LLC<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x179b y40ae w5a6 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls52 ws12a\">USA<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x182b y40ae w6c6 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y m<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x182c y40ae w6ed h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws11c\">Associate<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17be y40ae w711 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls18e ws1af\">N<span class=\"_ _0\"></span>/A<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x182d y40ae w6db h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">45.0<span class=\"_ _0\"></span>%</div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfJointVenturesExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-715": {
   "value": "<div class=\"t m2 he ff1 fs8 fc2 sc0 ls109 ws117 gsa54\">41<span class=\"_ _3\"></span><span class=\"lsa5 ws91\">. <span class=\"_ _20\"> </span>Rel<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d u<span class=\"_ _3\"></span>nder<span class=\"_ _3\"></span>ta<span class=\"_ _3\"></span>k<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>gs<span class=\"_ _3b2\"> </span></span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gsa55\">Th<span class=\"_ _0\"></span>e Com<span class=\"_ _0\"></span>pan<span class=\"_ _0\"></span>ies Act 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>06 re<span class=\"_ _0\"></span>quire<span class=\"_ _0\"></span>s discl<span class=\"_ _0\"></span>osure of infor<span class=\"_ _0\"></span>matio<span class=\"_ _0\"></span>n abo<span class=\"_ _0\"></span>ut the G<span class=\"_ _0\"></span>roup\u2019s subsi<span class=\"_ _0\"></span>diar<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>, asso<span class=\"_ _0\"></span>ciates<span class=\"_ _0\"></span>, join<span class=\"_ _0\"></span>t venture<span class=\"_ _0\"></span>s and othe<span class=\"_ _0\"></span>r signif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gsa56\">hol<span class=\"_ _0\"></span>ding<span class=\"_ _0\"></span>s. Si<span class=\"_ _0\"></span>gnif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant ho<span class=\"_ _0\"></span>ldi<span class=\"_ _0\"></span>ngs are ent<span class=\"_ _0\"></span>itie<span class=\"_ _0\"></span>s in which th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p eith<span class=\"_ _0\"></span>er has a share<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>ldin<span class=\"_ _0\"></span>g greater tha<span class=\"_ _0\"></span>n or equ<span class=\"_ _0\"></span>al to 20% of the nom<span class=\"_ _0\"></span>inal valu<span class=\"_ _0\"></span>e of </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gsa57\">any<span class=\"_ gsec\"> </span>sha<span class=\"_ _0\"></span>re class<span class=\"_ _0\"></span>, or a bo<span class=\"_ _0\"></span>ok valu<span class=\"_ _0\"></span>e greater than 20<span class=\"_ _0\"></span>% of the Gro<span class=\"_ _0\"></span>up\u2019s assets<span class=\"_ _0\"></span>. </div><div class=\"t m2 h21 ff1 fs10 fc2 sc0 lsbf ws1dd gsa58\">(i<span class=\"_ _1\"></span>) Subs<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gsa59\">Th<span class=\"_ _0\"></span>e par<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>cul<span class=\"_ _0\"></span>ars of the Co<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>ny<span class=\"_ _0\"></span>\u2019s subsidi<span class=\"_ _0\"></span>arie<span class=\"_ _0\"></span>s, mu<span class=\"_ _0\"></span>tua<span class=\"_ _0\"></span>l funds an<span class=\"_ _0\"></span>d par<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ner<span class=\"_ _0\"></span>shi<span class=\"_ _0\"></span>ps that have be<span class=\"_ _0\"></span>en co<span class=\"_ _0\"></span>nsol<span class=\"_ _0\"></span>idated as at 31 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>24 are listed </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gsa5a\">bel<span class=\"_ _0\"></span>ow, groupe<span class=\"_ _0\"></span>d by register<span class=\"_ _0\"></span>ed of<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ce add<span class=\"_ _0\"></span>ress<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e main terr<span class=\"_ _0\"></span>itor<span class=\"_ _3\"></span>y of <span class=\"_ _1\"></span>op<span class=\"_ _0\"></span>erat<span class=\"_ _0\"></span>ion of subsi<span class=\"_ _0\"></span>diar<span class=\"_ _0\"></span>ies in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>orate<span class=\"_ _0\"></span>d in Engla<span class=\"_ _0\"></span>nd and Wale<span class=\"_ _0\"></span>s is the UK<span class=\"_ _0\"></span>. For<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gsa5b\">overs<span class=\"_ _0\"></span>eas subs<span class=\"_ _0\"></span>idia<span class=\"_ _0\"></span>ries th<span class=\"_ _0\"></span>e prin<span class=\"_ _0\"></span>cip<span class=\"_ _0\"></span>al cou<span class=\"_ _0\"></span>ntr<span class=\"_ _3\"></span>y of <span class=\"_ _1\"></span>op<span class=\"_ _0\"></span>erat<span class=\"_ _0\"></span>ion is the sa<span class=\"_ _0\"></span>me as the co<span class=\"_ _0\"></span>untr<span class=\"_ _3\"></span>y of incor<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>. All sub<span class=\"_ _0\"></span>sidia<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>s are 1<span class=\"_ _1\"></span>00<span class=\"_ _0\"></span>% owne<span class=\"_ _0\"></span>d, un<span class=\"_ _0\"></span>les<span class=\"_ _0\"></span>s </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gsa5c\">stated oth<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>wis<span class=\"_ _0\"></span>e. Al<span class=\"_ _0\"></span>l subsid<span class=\"_ _0\"></span>iari<span class=\"_ _0\"></span>es are hel<span class=\"_ _0\"></span>d throu<span class=\"_ _0\"></span>gh inter<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>diate hol<span class=\"_ _0\"></span>ding c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pani<span class=\"_ _0\"></span>es unle<span class=\"_ _0\"></span>ss noted that th<span class=\"_ _0\"></span>ey are hel<span class=\"_ _0\"></span>d dire<span class=\"_ _0\"></span>ct by the Co<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>ny. </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gsa5d\">Su<span class=\"_ _0\"></span>bsidi<span class=\"_ _0\"></span>arie<span class=\"_ _0\"></span>s that are co<span class=\"_ _0\"></span>nsol<span class=\"_ _0\"></span>idated wh<span class=\"_ _0\"></span>ere the Gro<span class=\"_ _0\"></span>up owns le<span class=\"_ _0\"></span>ss than 5<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>% of the ordina<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y sha<span class=\"_ _0\"></span>re capi<span class=\"_ _0\"></span>tal<span class=\"_ _0\"></span>, are con<span class=\"_ _0\"></span>solid<span class=\"_ _0\"></span>ated base<span class=\"_ _0\"></span>d on an asse<span class=\"_ _0\"></span>ssm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gsa5e\">of<span class=\"_ gsec\"> </span>con<span class=\"_ _0\"></span>trol no<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>ally ar<span class=\"_ _0\"></span>ising fro<span class=\"_ _0\"></span>m spe<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>al righ<span class=\"_ _0\"></span>ts att<span class=\"_ _0\"></span>ach<span class=\"_ _0\"></span>ing to the class of sha<span class=\"_ _0\"></span>re owned<span class=\"_ _0\"></span>, othe<span class=\"_ _0\"></span>r cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>tual ar<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts and facto<span class=\"_ _0\"></span>rs suc<span class=\"_ _0\"></span>h as the </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gsa5f\">pur<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>e of the investee<span class=\"_ _0\"></span>, the natu<span class=\"_ _0\"></span>re of its relevan<span class=\"_ _0\"></span>t activ<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, voting rig<span class=\"_ _0\"></span>hts (inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>ing poten<span class=\"_ _0\"></span>tial voting r<span class=\"_ _0\"></span>ights) and subs<span class=\"_ _0\"></span>tanti<span class=\"_ _0\"></span>ve and protec<span class=\"_ _0\"></span>tive ri<span class=\"_ _0\"></span>ghts<span class=\"_ _0\"></span>. </div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws0 gsa60\">Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p reas<span class=\"_ _0\"></span>sess<span class=\"_ _0\"></span>es th<span class=\"_ _0\"></span>e app<span class=\"_ _0\"></span>ropr<span class=\"_ _0\"></span>iaten<span class=\"_ _0\"></span>ess of th<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>nsol<span class=\"_ _0\"></span>idati<span class=\"_ _0\"></span>on of an inves<span class=\"_ _0\"></span>tee wh<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ever fac<span class=\"_ _0\"></span>ts an<span class=\"_ _0\"></span>d circ<span class=\"_ _0\"></span>ums<span class=\"_ _0\"></span>tan<span class=\"_ _0\"></span>ces i<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>cate that th<span class=\"_ _0\"></span>ere h<span class=\"_ _0\"></span>as be<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gsa61\">a<span class=\"_ gsec\"> </span>cha<span class=\"_ _0\"></span>nge in th<span class=\"_ _0\"></span>e relatio<span class=\"_ _0\"></span>nshi<span class=\"_ _0\"></span>p bet<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n the Gro<span class=\"_ _0\"></span>up and th<span class=\"_ _0\"></span>e investee wh<span class=\"_ _0\"></span>ich af<span class=\"_ _0\"></span>fect<span class=\"_ _0\"></span>s cont<span class=\"_ _0\"></span>rol<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div><table class=\"s w4bc h1c6\" id=\"_d8f69731-f32b-4ada-8fb8-7af05922726f\"><tr><td></td><td></td><td></td><td class=\"t m0 x1630 h13 y46df ff5 fs9 fc1 sc0 ls18 ws0\">% of e<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m0 x274 h13 y46e0 ff5 fs9 fc1 sc0 ls3d ws86\">Country of<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m0 x1630 h13 y46e0 ff5 fs9 fc1 sc0 ls38 ws3b\">shares held<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 h13 y46e1 ff5 fs9 fc1 sc0 ls14a ws163\">Company n<span class=\"_ _1\"></span>ame<span class=\"_ _3b2\"> </span></td><td class=\"c n x1506 y46e2 w4bd h12b\"><div class=\"t m0 x1ca h13 y40ef ff5 fs9 fc1 sc0 ls14a ws164\">incorporation<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1631 y46e2 w4be h12b\"><div class=\"t m0 x1ca h13 y40ef ff5 fs9 fc1 sc0 ls38 ws3b\">Share class<span class=\"_ _3b2\"> </span></div></td><td class=\"t m0 x1630 h13 y46e1 ff5 fs9 fc1 sc0 ls18 ws0\">by t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>p<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 h13 y46e3 ff6 fs9 fc1 sc0 ls18 ws32\">On<span class=\"_ _0\"></span>e Co<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>n S<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>, Lo<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n, EC<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>R 5A<span class=\"_ _0\"></span>A<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y46e4 w4bf h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">30<span class=\"_ _3\"></span>-3<span class=\"_ _0\"></span>1 Go<span class=\"_ _0\"></span>lde<span class=\"_ _0\"></span>n S<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>are G<span class=\"_ _0\"></span>P LL<span class=\"_ _0\"></span>P<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1632 y46e4 w4c0 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">E<span class=\"_ _0\"></span>ngland and<span class=\"_ _1\"></span> Wale<span class=\"_ _1\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1633 y46e4 w4c1 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws13f\">Par<span class=\"_ _0\"></span>tnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1634 y46e4 w4c2 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y46e5 w4c3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">30<span class=\"_ _3\"></span>-3<span class=\"_ _0\"></span>1 Go<span class=\"_ _0\"></span>lde<span class=\"_ _0\"></span>n S<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>are L<span class=\"_ _0\"></span>P<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1635 y46e5 w4c4 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1636 y46e5 w4c5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws13f\">Partnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1637 y46e5 w4c2 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y46e6 w4c6 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">30<span class=\"_ _3\"></span>-3<span class=\"_ _0\"></span>1 Go<span class=\"_ _0\"></span>lde<span class=\"_ _0\"></span>n S<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>are N<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>e 1 L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1638 y46e6 w4c7 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1639 y46e6 w4c8 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x163a y46e6 w4c2 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y46e7 w4c6 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">30<span class=\"_ _3\"></span>-3<span class=\"_ _0\"></span>1 Go<span class=\"_ _0\"></span>lde<span class=\"_ _0\"></span>n S<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>are N<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>e 2 L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1638 y46e7 w4c7 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1639 y46e7 w4c8 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x163a y46e7 w4c2 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y46e8 w4c9 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">An<span class=\"_ _0\"></span>tha<span class=\"_ _0\"></span>m 1 Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x163b y46e8 w4ca h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x163c y46e8 w4cb h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x163d y46e8 w4cc h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y46e9 w4cd h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Be<span class=\"_ _0\"></span>gb<span class=\"_ _0\"></span>roke O<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>ford L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x163e y46e9 w4ce h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x163f y46e9 w4c8 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1640 y46e9 w4cf h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y46ea w4d0 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls113 ws5b\">Bonnington<span class=\"_ _1\"></span> Resi<span class=\"_ _1\"></span>dents Ma<span class=\"_ _1\"></span>nagement Compa<span class=\"_ _1\"></span>ny Limit<span class=\"_ _1\"></span>ed<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1641 y46ea w4c7 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1642 y46ea w4d1 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws54\">Limited<span class=\"_ _1\"></span> by guarant<span class=\"_ _1\"></span>ee<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1643 y46ea w4cf h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y46eb w4d2 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls14f ws118\">BQ<span class=\"_ _0\"></span>N L<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1644 y46eb w4ca h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1645 y46eb w4d3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1640 y46eb w4cf h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y46ec w4d4 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 lsea ws27\">Cardiff Interchange Limited<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1646 y46ec w4d5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x319 y46ec w4d3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1643 y46ec w4cf h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y46ed w4d6 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Cardiff<span class=\"_ _1\"></span> Int<span class=\"_ _1\"></span>erchange<span class=\"_ _1\"></span> ManCo Limit<span class=\"_ _1\"></span>ed<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1647 y46ed w4d7 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1648 y46ed w4cb h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xab4 y46ed w4d8 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 lsc5 ws1de\">6<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>.7<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y46ee w4d9 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 lsea ws27\">Cardiff Interchange Nomin<span class=\"_ _0\"></span>eeC<span class=\"_ _0\"></span>o Limited<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1542 y46ee w4d7 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1649 y46ee w4c8 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x164a y46ee w4da h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y46ef w4db h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Cit<span class=\"_ _0\"></span>y &amp; U<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ban D<span class=\"_ _0\"></span>eve<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>pm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x164b y46ef w4dc h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x164c y46ef w4c8 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xab2 y46ef w4c2 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y46f0 w4dd h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Co<span class=\"_ _0\"></span>ur<span class=\"_ _3\"></span>t Plac<span class=\"_ _0\"></span>e Ga<span class=\"_ _0\"></span>rde<span class=\"_ _0\"></span>ns H<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>gs L<span class=\"_ _0\"></span>L<span class=\"_ _0\"></span>P<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6fa y46f0 w4c4 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x164d y46f0 w4c1 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws13f\">Par<span class=\"_ _0\"></span>tnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x164e y46f0 w4de h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y46f1 w4df h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Co<span class=\"_ _0\"></span>ur<span class=\"_ _3\"></span>t Plac<span class=\"_ _0\"></span>e Ga<span class=\"_ _0\"></span>rde<span class=\"_ _0\"></span>ns O<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>ford L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x164f y46f1 w4c7 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England a<span class=\"_ _1\"></span>nd Wa<span class=\"_ _1\"></span>les<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1650 y46f1 w4e0 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1651 y46f1 w4da h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y46f2 w4e1 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Fi<span class=\"_ _0\"></span>nova<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n UK L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1652 y46f2 w4e2 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">E<span class=\"_ _0\"></span>ngland and<span class=\"_ _1\"></span> Wale<span class=\"_ _1\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa29 y46f2 w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1653 y46f2 w4cc h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y46f3 w4e4 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Hau<span class=\"_ _0\"></span>t Inve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts 2 L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15ed y46f3 w4c0 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">E<span class=\"_ _0\"></span>ngland and<span class=\"_ _1\"></span> Wale<span class=\"_ _1\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1654 y46f3 w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1655 y46f3 w4da h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y46f4 w4e5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Hau<span class=\"_ _0\"></span>t Inve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1656 y46f4 w4c4 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1657 y46f4 w4e6 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1658 y46f4 w4cc h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y46f5 w4e7 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Int<span class=\"_ _1\"></span>erchange<span class=\"_ _1\"></span> Central<span class=\"_ _1\"></span> Square<span class=\"_ _1\"></span> (<span class=\"_ _1\"></span>General P<span class=\"_ _1\"></span>artner) Limit<span class=\"_ _1\"></span>ed<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1659 y46f5 w4c4 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x165a y46f5 w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x165b y46f5 w4de h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y46f6 w4e8 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Int<span class=\"_ _1\"></span>erchange<span class=\"_ _1\"></span> Central<span class=\"_ _1\"></span> Square<span class=\"_ _1\"></span> Limit<span class=\"_ _1\"></span>ed Partnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1646 y46f6 w4d5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x319 y46f6 w4e9 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws13f\">Par<span class=\"_ _0\"></span>tnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x165c y46f6 w4cf h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y46f7 w4ea h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t Dis<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>s On L<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>e Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1542 y46f7 w4d7 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1649 y46f7 w4c8 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x165d y46f7 w4c2 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y46f8 w4eb h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">IPIF T<span class=\"_ _4\"></span>rade<span class=\"_ _1\"></span> General Pa<span class=\"_ _1\"></span>rtner Limited<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x165e y46f8 w4ec h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">Engla<span class=\"_ _1\"></span>nd and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x165f y46f8 w4cb h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1660 y46f8 w4c2 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y46f9 w4ed h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">IPI<span class=\"_ _0\"></span>F T<span class=\"_ _1\"></span>rade N<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ee L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x164f y46f9 w4ee h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wale<span class=\"_ _1\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1661 y46f9 w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1662 y46f9 w4da h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y46fa w4ef h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">IX<span class=\"_ _0\"></span>D<span class=\"_ _0\"></span>S Limi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1638 y46fa w4c7 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1639 y46fa w4c8 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x163a y46fa w4f0 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls130 ws1a1\">70.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y46fb w4f1 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L&amp;<span class=\"_ _0\"></span>G Af<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rda<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>e Ho<span class=\"_ _0\"></span>usi<span class=\"_ _0\"></span>ng A<span class=\"_ _0\"></span>cc<span class=\"_ _0\"></span>ess G<span class=\"_ _0\"></span>P L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1663 y46fb w4d7 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1636 y46fb w4cb h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xab6 y46fb w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y46fc w4f2 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L&amp;<span class=\"_ _0\"></span>G Af<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rda<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>e Ho<span class=\"_ _0\"></span>usi<span class=\"_ _0\"></span>ng A<span class=\"_ _0\"></span>cc<span class=\"_ _0\"></span>ess LG<span class=\"_ _0\"></span>P<span class=\"_ _0\"></span>S LP<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1664 y46fc w4ec h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">Engl<span class=\"_ _1\"></span>and and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1665 y46fc w4c1 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws13f\">Par<span class=\"_ _0\"></span>tnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1666 y46fc w4cf h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y46fd w4f3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L&amp;<span class=\"_ _0\"></span>G Af<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rda<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>e Ho<span class=\"_ _0\"></span>usi<span class=\"_ _0\"></span>ng G<span class=\"_ _0\"></span>P Li<span class=\"_ _0\"></span>mite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1667 y46fd w4d7 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1668 y46fd w4cb h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1669 y46fd w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y46fe w4f4 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L&amp;<span class=\"_ _0\"></span>G Af<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rda<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>e Ho<span class=\"_ _0\"></span>usi<span class=\"_ _0\"></span>ng N<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>the<span class=\"_ _0\"></span>rn G<span class=\"_ _0\"></span>P Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x166a y46fe w4dc h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1642 y46fe w4c8 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x166b y46fe w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y46ff w4f5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L&amp;<span class=\"_ _0\"></span>G Af<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rda<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>e Ho<span class=\"_ _0\"></span>usi<span class=\"_ _0\"></span>ng N<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>the<span class=\"_ _0\"></span>rn LG<span class=\"_ _0\"></span>PS L<span class=\"_ _0\"></span>P<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1644 y46ff w4ca h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1645 y46ff w4d3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1640 y46ff w4cf h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4700 w4f6 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L&amp;<span class=\"_ _0\"></span>G C<span class=\"_ _0\"></span>ash Trust<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1647 y4700 w4d5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x166c y4700 w4f7 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws1bc\">U<span class=\"_ _0\"></span>nit<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x166d y4700 w4f8 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls1a5 ws1df\">41.9<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4701 w4f9 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 lsea ws27\">L&amp;G Digital Infrastru<span class=\"_ _0\"></span>cture Co<span class=\"_ _0\"></span>-Invest Holding 1 Ltd<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x166e y4701 w4fa h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and Wa<span class=\"_ _1\"></span>les<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x166f y4701 w4c8 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1670 y4701 w4cf h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4702 w4fb h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L&amp;<span class=\"_ _0\"></span>G Fu<span class=\"_ _0\"></span>tur<span class=\"_ _0\"></span>e Worl<span class=\"_ _0\"></span>d Gl<span class=\"_ _0\"></span>ob<span class=\"_ _0\"></span>al O<span class=\"_ _0\"></span>pp<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>tuni<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6c6 y4702 w4c4 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1671 y4702 w4f7 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws1bc\">U<span class=\"_ _0\"></span>nit<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1672 y4702 w4fc h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls10e ws11c\">4<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>.2<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4703 w4fd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L&amp;<span class=\"_ _0\"></span>G H<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ne H<span class=\"_ _0\"></span>ill H<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>dc<span class=\"_ _0\"></span>o GP L<span class=\"_ _0\"></span>L<span class=\"_ _0\"></span>P<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1659 y4703 w4fe h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England a<span class=\"_ _1\"></span>nd Wale<span class=\"_ _1\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1661 y4703 w4c5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws13f\">Partnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1673 y4703 w4cf h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4704 w4ff h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls12e wsca\">L&amp;G Herne H<span class=\"_ _1\"></span>ill<span class=\"_ _1\"></span> Holdco Nom<span class=\"_ _1\"></span>inee Limit<span class=\"_ _1\"></span>ed<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1674 y4704 w4d7 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1675 y4704 w4cb h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1676 y4704 w4cc h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4705 w500 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L&amp;<span class=\"_ _0\"></span>G Hi<span class=\"_ _0\"></span>llv<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>w Pla<span class=\"_ _0\"></span>ce P<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>o Li<span class=\"_ _0\"></span>mite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6c6 y4705 w4c4 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1671 y4705 w4d3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1677 y4705 w4cf h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4706 w501 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L&amp;<span class=\"_ _0\"></span>G Lo<span class=\"_ _0\"></span>wer Gi<span class=\"_ _0\"></span>lm<span class=\"_ _0\"></span>ore P<span class=\"_ _0\"></span>lac<span class=\"_ _0\"></span>e Pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>co L<span class=\"_ _0\"></span>td<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1678 y4706 w4ce h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">Engl<span class=\"_ _1\"></span>and and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1675 y4706 w4cb h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1676 y4706 w4cc h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4707 w502 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L&amp;<span class=\"_ _0\"></span>G M<span class=\"_ _0\"></span>ult<span class=\"_ _0\"></span>i As<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t Co<span class=\"_ _0\"></span>re 20 Fu<span class=\"_ _0\"></span>nd<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1679 y4707 w4dc h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x167a y4707 w503 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws1bc\">Unit<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x165b y4707 w4d8 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 lsc5 ws1de\">9<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>.7<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4708 w504 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L&amp;<span class=\"_ _0\"></span>G M<span class=\"_ _0\"></span>ult<span class=\"_ _0\"></span>i As<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t Co<span class=\"_ _0\"></span>re 4<span class=\"_ _0\"></span>5 Fun<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1641 y4708 w4c7 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1642 y4708 w503 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws1bc\">Unit<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x165c y4708 w505 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls1a6 ws1e0\">7<span class=\"_ _0\"></span>2<span class=\"_ _3\"></span>.9<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4709 w506 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L&amp;<span class=\"_ _0\"></span>G M<span class=\"_ _0\"></span>ult<span class=\"_ _0\"></span>i As<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>t Co<span class=\"_ _0\"></span>re 75 Fun<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x167b y4709 w4d7 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x167c y4709 w507 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws1bc\">Unit<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x167d y4709 w508 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls1a6 ws1e0\">7<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>.9<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y470a w509 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws54\">L&amp;G Multi-<span class=\"_ _0\"></span>Asset T<span class=\"_ _1\"></span>ar<span class=\"_ _1\"></span>get Return F<span class=\"_ _1\"></span>und<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1674 y470a w4d5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x167e y470a w503 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws1bc\">Unit<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x165d y470a w50a h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls74 ws79\">4<span class=\"_ _3\"></span>7.<span class=\"_ _3\"></span>2<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y470b w50b h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L&amp;<span class=\"_ _0\"></span>G M<span class=\"_ _0\"></span>ult<span class=\"_ _0\"></span>ifa<span class=\"_ _0\"></span>mil<span class=\"_ _0\"></span>y LL<span class=\"_ _0\"></span>P<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1646 y470b w4d5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x319 y470b w4e9 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws13f\">Par<span class=\"_ _0\"></span>tnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x165c y470b w4cf h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y470c w50c h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L&amp;<span class=\"_ _0\"></span>G U<span class=\"_ _0\"></span>K S<span class=\"_ _0\"></span>mall<span class=\"_ _0\"></span>er C<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>ani<span class=\"_ _0\"></span>es T<span class=\"_ _1\"></span>rus<span class=\"_ _0\"></span>t<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1542 y470c w4d7 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1649 y470c w507 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws1bc\">Unit<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x167f y470c w505 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls1a6 ws1e0\">3<span class=\"_ _0\"></span>2<span class=\"_ _3\"></span>.9<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y470d w50d h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al (P<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>tfol<span class=\"_ _0\"></span>io M<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt S<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>vic<span class=\"_ _0\"></span>es) Li<span class=\"_ _0\"></span>mite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x163b y470d w4ca h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15e5 y470d w4d3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x165c y470d w4cf h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y470e w50e h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al (P<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>tfol<span class=\"_ _0\"></span>io M<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt S<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>vic<span class=\"_ _0\"></span>es) No<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>es L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1680 y470e w4ce h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England a<span class=\"_ _1\"></span>nd Wa<span class=\"_ _1\"></span>les<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1681 y470e w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1682 y470e w4cc h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y470f w50f h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Legal<span class=\"_ _1\"></span> &amp; General<span class=\"_ _1\"></span> (<span class=\"_ _1\"></span>Strategic<span class=\"_ _1\"></span> Land Ha<span class=\"_ _1\"></span>rpenden<span class=\"_ _1\"></span>) Limit<span class=\"_ _1\"></span>ed<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1683 y470f w4c7 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1684 y470f w4c8 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1637 y470f w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4710 w510 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al (S<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ateg<span class=\"_ _0\"></span>ic L<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d No<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>th H<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>sh<span class=\"_ _0\"></span>am) Li<span class=\"_ _0\"></span>mite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15e3 y4710 w4d7 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1685 y4710 w4cb h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1686 y4710 w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4711 w511 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al (S<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ateg<span class=\"_ _0\"></span>ic L<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d) L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ited<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1687 y4711 w4dc h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1688 y4711 w4c8 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1689 y4711 w4da h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4712 w512 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Legal<span class=\"_ _1\"></span> &amp; General<span class=\"_ _1\"></span> (Unit<span class=\"_ _1\"></span> T<span class=\"_ _1\"></span>ru<span class=\"_ _1\"></span>st Mana<span class=\"_ _1\"></span>gers<span class=\"_ _1\"></span>) Limit<span class=\"_ _1\"></span>ed<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1659 y4712 w4c4 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x165a y4712 w4d3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1634 y4712 w4cf h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4713 w513 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al (U<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>t T<span class=\"_ _1\"></span>rus<span class=\"_ _0\"></span>t Ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s) Nom<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s Li<span class=\"_ _0\"></span>mite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x168a y4713 w4d5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x168b y4713 w514 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x168c y4713 w4da h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4714 w515 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Af<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rda<span class=\"_ _0\"></span>ble H<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>es (<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>R) LL<span class=\"_ _0\"></span>P<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x168d y4714 w4c7 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England a<span class=\"_ _1\"></span>nd Wa<span class=\"_ _1\"></span>les<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x168e y4714 w4c5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws13f\">Partnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x168f y4714 w4cf h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4715 w516 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Af<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rda<span class=\"_ _0\"></span>ble H<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>es (<span class=\"_ _0\"></span>De<span class=\"_ _0\"></span>vel<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt 2) L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6fa y4715 w4c4 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x164d y4715 w4d3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1670 y4715 w4cf h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4716 w516 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Af<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rda<span class=\"_ _0\"></span>ble H<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>es (<span class=\"_ _0\"></span>De<span class=\"_ _0\"></span>vel<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt 4) L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6fa y4716 w4c4 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x164d y4716 w4d3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1670 y4716 w4cf h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4717 w517 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Af<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rda<span class=\"_ _0\"></span>ble H<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>es (<span class=\"_ _0\"></span>De<span class=\"_ _0\"></span>vel<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt) Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1690 y4717 w518 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England a<span class=\"_ _1\"></span>nd Wa<span class=\"_ _1\"></span>les<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb9d y4717 w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x168c y4717 w4da h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4718 w519 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Af<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rda<span class=\"_ _0\"></span>ble H<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>es (<span class=\"_ _0\"></span>Inve<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t 1<span class=\"_ _1\"></span>) Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1691 y4718 w4ce h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1636 y4718 w4cb h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xab6 y4718 w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4719 w51a h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Af<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rda<span class=\"_ _0\"></span>ble H<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>es (<span class=\"_ _0\"></span>Inve<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t 2) Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x166a y4719 w4dc h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1642 y4719 w4c8 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x166b y4719 w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y471a w51a h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Af<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rda<span class=\"_ _0\"></span>ble H<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>es (<span class=\"_ _0\"></span>Inve<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t 3) Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x166a y471a w4dc h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1642 y471a w4c8 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x166b y471a w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y471b w51b h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Af<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rda<span class=\"_ _0\"></span>ble H<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>es (O<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns) Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1667 y471b w4d7 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1668 y471b w4cb h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1669 y471b w4de h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y471c w51c h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Af<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rda<span class=\"_ _0\"></span>ble H<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>es (S<span class=\"_ _0\"></span>O) LL<span class=\"_ _0\"></span>P<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1692 y471c w4d7 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1693 y471c w4c5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws13f\">Partnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x165d y471c w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y471d w51d h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Af<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rda<span class=\"_ _0\"></span>ble H<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>es L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1694 y471d w4fa h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">Engl<span class=\"_ _1\"></span>and and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1695 y471d w4e6 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1696 y471d w4cc h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y471e w51e h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Br<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>tol T<span class=\"_ _1\"></span>emp<span class=\"_ _0\"></span>le I<span class=\"_ _0\"></span>sla<span class=\"_ _0\"></span>nd E<span class=\"_ _0\"></span>sta<span class=\"_ _0\"></span>te Man<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent C<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>any L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x168a y471e w4d5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x168b y471e w514 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x168c y471e w4da h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y471f w51f h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Legal<span class=\"_ _1\"></span> &amp; General<span class=\"_ _1\"></span> Capita<span class=\"_ _1\"></span>l In<span class=\"_ _1\"></span>vestmen<span class=\"_ _1\"></span>ts Lim<span class=\"_ _1\"></span>ited<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1697 y471f w4dc h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1698 y471f w4c8 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1699 y471f w4da h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y4721 w520 h1c7\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al C<span class=\"_ _0\"></span>o Se<span class=\"_ _0\"></span>c L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted</div><div class=\"t m0 x212 h5a y4720 ff3 fs1c fc1 sc0 ls1 ws0\">#<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1506 y4722 w4d5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x169a y4722 w521 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x169b y4722 w4de h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y4723 w522 h1b1\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al De<span class=\"_ _0\"></span>vel<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt A<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ets H<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>gs L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted</div><div class=\"t m0 xbbc h5a y4668 ff3 fs1c fc1 sc0 ls1 ws0\">#<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1506 y4724 w4d5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x169a y4724 w521 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x169b y4724 w4de h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4725 w523 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Di<span class=\"_ _0\"></span>git<span class=\"_ _0\"></span>al S<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1644 y4725 w4ca h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1645 y4725 w4d3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1640 y4725 w4cf h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w524 h176\"><div class=\"t m0 x1ca hc y445f ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Em<span class=\"_ _0\"></span>pl<span class=\"_ _0\"></span>oye<span class=\"_ _0\"></span>e Be<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ts A<span class=\"_ _0\"></span>dmi<span class=\"_ _0\"></span>nis<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x169c y40ae w4c4 h176\"><div class=\"t m0 x1ca hc y445f ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x169d y40ae w4d3 h176\"><div class=\"t m0 x1ca hc y445f ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x169e y40ae w4cf h175\"><div class=\"t m0 x1ca hc y445f ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr></table><table class=\"s w4bc h1c8\" id=\"_8a30b54a-783c-4c28-b0f9-0bfa500d5f11\"><tr><td></td><td></td><td></td><td class=\"t m0 x1630 h13 y4726 ff5 fs9 fc1 sc0 ls18 ws0\">% of e<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m0 x274 h13 y4727 ff5 fs9 fc1 sc0 ls3d ws86\">Country of<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m0 x1630 h13 y4727 ff5 fs9 fc1 sc0 ls38 ws3b\">shares held<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 h13 y4728 ff5 fs9 fc1 sc0 ls14a ws163\">Company n<span class=\"_ _1\"></span>ame<span class=\"_ _3b2\"> </span></td><td class=\"c n x1506 y4729 w4bd h12b\"><div class=\"t m0 x1ca h13 y40ef ff5 fs9 fc1 sc0 ls14a ws164\">incorporation<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1631 y4729 w4be h12b\"><div class=\"t m0 x1ca h13 y40ef ff5 fs9 fc1 sc0 ls38 ws3b\">Share class<span class=\"_ _3b2\"> </span></div></td><td class=\"t m0 x1630 h13 y4728 ff5 fs9 fc1 sc0 ls18 ws0\">by t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>p<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c x1cb y472a w525 h11a\"><div class=\"t m0 x1ca h1a y40b1 ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Es<span class=\"_ _0\"></span>tate A<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>ies L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d</div><div class=\"t m0 x169f h5a y41a8 ff3 fs1c fc1 sc0 ls1 ws0\">#<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1506 y472b w4d5 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x169a y472b w521 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x169b y472b w4de h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y472c w526 h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">Leg<span class=\"_ _0\"></span>al &amp; Gen<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Euro Mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tga<span class=\"_ _0\"></span>ge No.1 <span class=\"_ _1\"></span>SP<span class=\"_ _0\"></span>V Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6c6 y472c w4c4 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1671 y472c w4d3 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1677 y472c w4cf h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y472d w527 h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">Leg<span class=\"_ _0\"></span>al &amp; Gen<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Euro Mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tga<span class=\"_ _0\"></span>ge SP<span class=\"_ _0\"></span>V LL<span class=\"_ _0\"></span>P<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16a0 y472d w4d7 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14c0 y472d w4c5 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls11b ws13f\">Partnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x165c y472d w4cf h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y472e w528 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Eve<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>t UK H<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>dc<span class=\"_ _0\"></span>o Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16a1 y472e w4ce h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1413 y472e w4c8 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16a2 y472e w4c2 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y472f w529 h1b1\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Fi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e PLC</div><div class=\"t m0 xa9f h5a y4668 ff3 fs1c fc1 sc0 ls1 ws0\">#<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1506 y4730 w4d5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x169a y4730 w521 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x169b y4730 w4de h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4731 w52a h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Fi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al Ad<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x163b y4731 w4ca h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15e5 y4731 w4d3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x165c y4731 w4cf h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4732 w52b h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">Leg<span class=\"_ _0\"></span>al &amp; Gen<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al F<span class=\"_ _0\"></span>X St<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>uri<span class=\"_ _0\"></span>ng (SP<span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>) Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1644 y4732 w4ca h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1645 y4732 w4d3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1640 y4732 w4cf h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4733 w52c h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al GP L<span class=\"_ _0\"></span>L<span class=\"_ _0\"></span>P<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16a3 y4733 w4fe h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">Eng<span class=\"_ _1\"></span>land and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16a4 y4733 w4c1 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws13f\">Par<span class=\"_ _0\"></span>tnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16a5 y4733 w4cf h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4734 w52d h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al He<span class=\"_ _0\"></span>at Pu<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>s Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x168d y4734 w4c7 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England a<span class=\"_ _1\"></span>nd Wa<span class=\"_ _1\"></span>les<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x168e y4734 w4c8 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16a6 y4734 w4cf h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4735 w52e h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Ho<span class=\"_ _0\"></span>me F<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce H<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>g C<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pany L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16a7 y4735 w4ce h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16a8 y4735 w4cb h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x165b y4735 w4c2 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4736 w52f h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Ho<span class=\"_ _0\"></span>me F<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16a9 y4736 w4ce h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16aa y4736 w4cb h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16ab y4736 w4c2 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4737 w530 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Ho<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>s (Se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>es C<span class=\"_ _0\"></span>o) Lim<span class=\"_ _0\"></span>ited<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16ac y4737 w4dc h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16ad y4737 w4c8 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16ae y4737 w4cc h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4738 w531 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Ho<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>s Ho<span class=\"_ _0\"></span>ld<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>s Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16af y4738 w4ca h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1648 y4738 w4cb h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xab4 y4738 w4cc h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4739 w532 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Ho<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>s Mo<span class=\"_ _0\"></span>du<span class=\"_ _0\"></span>lar L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16b0 y4739 w4d7 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16b1 y4739 w4c8 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16b2 y4739 w4da h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y473a w533 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Ins<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce H<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>gs L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16b3 y473a w4fe h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">Engla<span class=\"_ _1\"></span>nd and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x167c y473a w4cb h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16b4 y473a w4cc h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y473c w534 h1c9\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">Leg<span class=\"_ _0\"></span>al &amp; Gen<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Insu<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ce H<span class=\"_ _0\"></span>old<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>s No. 2 Limi<span class=\"_ _0\"></span>ted</div><div class=\"t m0 x135f h5a y473b ff3 fs1c fc1 sc0 ls1 ws0\">#<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1506 y473d w4d5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x169a y473d w521 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x169b y473d w4de h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y473e w535 h12f\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Inve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt Ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt (H<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>gs) Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d</div><div class=\"t m0 x41f hbc y408c ff4 fs1c fc1 sc0 ls1a7 ws1e1\">#,~<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1506 y473f w4d5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x169a y473f w521 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x169b y473f w4de h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4740 w536 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Legal<span class=\"_ _1\"></span> &amp; General<span class=\"_ _1\"></span> In<span class=\"_ _1\"></span>vestment<span class=\"_ _1\"></span> Managemen<span class=\"_ _1\"></span>t Limit<span class=\"_ _1\"></span>ed<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1635 y4740 w4c4 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16b5 y4740 w4d3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16b6 y4740 w4cf h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4741 w537 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al L<span class=\"_ _0\"></span>ater L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1646 y4741 w4d5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x319 y4741 w4d3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1643 y4741 w4cf h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4742 w538 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Le<span class=\"_ _0\"></span>isu<span class=\"_ _0\"></span>re Fun<span class=\"_ _0\"></span>d T<span class=\"_ _1\"></span>rus<span class=\"_ _0\"></span>tee L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16b7 y4742 w518 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England a<span class=\"_ _1\"></span>nd Wa<span class=\"_ _1\"></span>les<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1661 y4742 w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1662 y4742 w4da h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4743 w539 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Li<span class=\"_ _0\"></span>fe Fun<span class=\"_ _0\"></span>d Li<span class=\"_ _0\"></span>mite<span class=\"_ _0\"></span>d Pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tn<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>shi<span class=\"_ _0\"></span>p<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16b8 y4743 w4c7 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16b9 y4743 w4c5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws13f\">Partnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16ba y4743 w4de h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4744 w53a h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">Leg<span class=\"_ _0\"></span>al &amp; Gen<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al L<span class=\"_ _1\"></span>TM S<span class=\"_ _0\"></span>tru<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ing (SP<span class=\"_ _0\"></span>V<span class=\"_ _3\"></span>) Limi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16bb y4744 w4fa h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and Wa<span class=\"_ _1\"></span>les<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16bc y4744 w4c8 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1677 y4744 w4cf h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y4745 w53b h1b1\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Mi<span class=\"_ _0\"></span>ddl<span class=\"_ _0\"></span>e Ea<span class=\"_ _0\"></span>st L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ited</div><div class=\"t m0 x434 h5a y4668 ff3 fs1c fc1 sc0 ls1 ws0\">#<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1506 y4746 w4d5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x169a y4746 w521 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x169b y4746 w4de h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y4747 w53c h11a\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws23\">Legal<span class=\"_ _1\"></span> &amp; General<span class=\"_ _1\"></span> Oversea<span class=\"_ _1\"></span>s Operat<span class=\"_ _1\"></span>ions Lim<span class=\"_ _1\"></span>ited</div><div class=\"t m0 x16bd h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">#<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1506 y4748 w4d5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x169a y4748 w521 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x169b y4748 w4de h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y4749 w53c h11a\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tn<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>sh<span class=\"_ _0\"></span>ip Ho<span class=\"_ _0\"></span>ld<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>s Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted</div><div class=\"t m0 x16bd h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">#<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1506 y474a w4d5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x169a y474a w521 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x169b y474a w4de h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y474b w53d h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Legal<span class=\"_ _1\"></span> &amp; General<span class=\"_ _1\"></span> Partnership<span class=\"_ _1\"></span> Ser<span class=\"_ _0\"></span>vices Lim<span class=\"_ _1\"></span>ited<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16be y474b w4d7 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1413 y474b w4c8 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16a2 y474b w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y474c w53e h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Pe<span class=\"_ _0\"></span>nsi<span class=\"_ _0\"></span>on Fu<span class=\"_ _0\"></span>nd T<span class=\"_ _1\"></span>ru<span class=\"_ _0\"></span>ste<span class=\"_ _0\"></span>e Li<span class=\"_ _0\"></span>mite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1674 y474c w4d5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x167e y474c w4c8 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16bf y474c w4cc h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y474d w53f h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Pe<span class=\"_ _0\"></span>nsi<span class=\"_ _0\"></span>on S<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>me T<span class=\"_ _1\"></span>ru<span class=\"_ _0\"></span>ste<span class=\"_ _0\"></span>e Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x166e y474d w4fa h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and Wa<span class=\"_ _1\"></span>les<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x166f y474d w4c8 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1670 y474d w4cf h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y474e w540 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Legal<span class=\"_ _1\"></span> &amp; General<span class=\"_ _1\"></span> Pensi<span class=\"_ _1\"></span>ons Limit<span class=\"_ _1\"></span>ed<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16c0 y474e w4d5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16c1 y474e w4e6 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16c2 y474e w4cc h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y474f w541 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Legal<span class=\"_ _1\"></span> &amp; General<span class=\"_ _1\"></span> Property Limit<span class=\"_ _1\"></span>ed<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16c3 y474f w4d5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16c4 y474f w4d3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16c5 y474f w4cf h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4750 w542 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Legal<span class=\"_ _1\"></span> &amp; General<span class=\"_ _1\"></span> Property Partners (Ind<span class=\"_ _1\"></span>ustrial<span class=\"_ _1\"></span> Fund)<span class=\"_ _1\"></span> Limit<span class=\"_ _1\"></span>ed<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x154f y4750 w4d5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16c6 y4750 w4c8 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16c7 y4750 w4da h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4751 w543 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Legal<span class=\"_ _1\"></span> &amp; General<span class=\"_ _1\"></span> Property Partners (Ind<span class=\"_ _1\"></span>ustrial)<span class=\"_ _1\"></span> Nominees<span class=\"_ _1\"></span> Limited<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15e3 y4751 w4d7 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1685 y4751 w4cb h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1686 y4751 w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4752 w544 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Legal<span class=\"_ _1\"></span> &amp; General<span class=\"_ _1\"></span> Property Partners (IPI<span class=\"_ _1\"></span>F GP<span class=\"_ _1\"></span>) LLP<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16c8 y4752 w4ee h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wale<span class=\"_ _1\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb9d y4752 w4c5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws13f\">Partnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16c9 y4752 w4cf h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4753 w545 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Legal<span class=\"_ _1\"></span> &amp; General<span class=\"_ _1\"></span> Property Partners (Lei<span class=\"_ _1\"></span>sure<span class=\"_ _1\"></span> GP)<span class=\"_ _1\"></span> LLP<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16ca y4753 w4dc h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16cb y4753 w4c5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws13f\">Partnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16cc y4753 w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4754 w546 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Legal<span class=\"_ _1\"></span> &amp; General<span class=\"_ _1\"></span> Property Partners (Lei<span class=\"_ _1\"></span>sure<span class=\"_ _1\"></span>) Li<span class=\"_ _1\"></span>mited<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1674 y4754 w4d7 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1675 y4754 w4cb h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1676 y4754 w4cc h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4755 w547 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Legal<span class=\"_ _1\"></span> &amp; General<span class=\"_ _1\"></span> Property Partners (Lif<span class=\"_ _1\"></span>e F<span class=\"_ _1\"></span>und) Limit<span class=\"_ _1\"></span>ed<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16cd y4755 w518 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1693 y4755 w4cb h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xab0 y4755 w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4756 w548 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Pro<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y P<span class=\"_ _0\"></span>ar<span class=\"_ _3\"></span>tne<span class=\"_ _0\"></span>rs (<span class=\"_ _0\"></span>Life Fu<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>) No<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>e Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16be y4756 w4d7 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1413 y4756 w4c8 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16a2 y4756 w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4757 w549 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Legal<span class=\"_ _1\"></span> &amp; General<span class=\"_ _1\"></span> Property Partners (UK PI<span class=\"_ _1\"></span>F Gear<span class=\"_ _1\"></span>ed) Limit<span class=\"_ _1\"></span>ed<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16ce y4757 w518 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16cf y4757 w4cb h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16d0 y4757 w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4758 w54a h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Legal<span class=\"_ _1\"></span> &amp; General<span class=\"_ _1\"></span> Property Partners (UK PI<span class=\"_ _1\"></span>F) Limited<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16a7 y4758 w4ce h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16a8 y4758 w4cb h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x165b y4758 w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4759 w54b h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Legal<span class=\"_ _1\"></span> &amp; General<span class=\"_ _1\"></span> Property Partners (UKPIF Gea<span class=\"_ _1\"></span>red T<span class=\"_ _4\"></span>wo<span class=\"_ _1\"></span>) Lim<span class=\"_ _1\"></span>ited<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1646 y4759 w4d5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x319 y4759 w4d3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1643 y4759 w4cf h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y475a w54c h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Legal<span class=\"_ _1\"></span> &amp; General<span class=\"_ _1\"></span> Property Partners (UKPIF T<span class=\"_ _4\"></span>wo<span class=\"_ _1\"></span>) Lim<span class=\"_ _1\"></span>ited<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16ce y475a w518 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16cf y475a w4cb h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16d0 y475a w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y475c w54d h1ca\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Re H<span class=\"_ _0\"></span>old<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>gs L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted</div><div class=\"t m0 x5c4 h5a y475b ff3 fs1c fc1 sc0 ls1 ws0\">#<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1506 y475d w4d5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x169a y475d w521 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x169b y475d w4de h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y475e w54e h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Res<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ial (<span class=\"_ _0\"></span>Ho<span class=\"_ _0\"></span>ldc<span class=\"_ _0\"></span>o) Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16d1 y475e w4d7 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16cf y475e w4cb h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16d0 y475e w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y475f w54f h11a\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Res<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>es Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted</div><div class=\"t m0 x16d2 h5a y408c ff3 fs1c fc1 sc0 ls1 ws0\">#<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1506 y4760 w4d5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x169a y4760 w521 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x169b y4760 w4de h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c x1cb y4761 w550 h1b1\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Ret<span class=\"_ _0\"></span>ail I<span class=\"_ _0\"></span>nves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s (H<span class=\"_ _0\"></span>old<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>gs) Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d</div><div class=\"t m0 x16d3 h5a y4668 ff3 fs1c fc1 sc0 ls1 ws0\">#<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1506 y4762 w4d5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x169a y4762 w521 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x169b y4762 w4de h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4763 w551 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al S<span class=\"_ _0\"></span>BT<span class=\"_ _0\"></span>R (A<span class=\"_ _0\"></span>sh<span class=\"_ _0\"></span>dow<span class=\"_ _0\"></span>n Ho<span class=\"_ _0\"></span>use 1) Lim<span class=\"_ _0\"></span>ited<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1692 y4763 w4d7 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1693 y4763 w4cb h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xab0 y4763 w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4764 w534 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al S<span class=\"_ _0\"></span>BT<span class=\"_ _0\"></span>R (A<span class=\"_ _0\"></span>sh<span class=\"_ _0\"></span>dow<span class=\"_ _0\"></span>n Ho<span class=\"_ _0\"></span>use 2) L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16d4 y4764 w4e2 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">E<span class=\"_ _0\"></span>ngland and<span class=\"_ _1\"></span> Wale<span class=\"_ _1\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16d5 y4764 w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16d6 y4764 w4cc h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4765 w552 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al S<span class=\"_ _0\"></span>BT<span class=\"_ _0\"></span>R (Crow<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>e 1) Limite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16d7 y4765 w4c7 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">Engl<span class=\"_ _1\"></span>and and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1688 y4765 w4c8 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1689 y4765 w4da h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4766 w553 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al S<span class=\"_ _0\"></span>BT<span class=\"_ _0\"></span>R (Crow<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>e 2) Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x164b y4766 w4dc h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x164c y4766 w4c8 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xab2 y4766 w4cc h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4767 w554 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al S<span class=\"_ _0\"></span>BT<span class=\"_ _0\"></span>R (Ke<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>ley 1) Lim<span class=\"_ _0\"></span>ited<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1635 y4767 w4c4 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16b5 y4767 w4d3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16b6 y4767 w4cf h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4768 w555 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al S<span class=\"_ _0\"></span>BT<span class=\"_ _0\"></span>R (Ke<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>ley 2) L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1542 y4768 w4d7 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1649 y4768 w4c8 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x165d y4768 w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4769 w556 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al S<span class=\"_ _0\"></span>BT<span class=\"_ _0\"></span>R (Sa<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>y L<span class=\"_ _0\"></span>ane 1) Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16d8 y4769 w4c4 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16d9 y4769 w4c8 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16da y4769 w4da h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr></table>#  <span class=\"_ _5\"> </span>Di<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>y h<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>d by 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.<span class=\"_ _3b2\"> </span>~   Le<span class=\"_ _0\"></span>ga<span class=\"_ _0\"></span>l &amp; Ge<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al I<span class=\"_ _0\"></span>nv<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt M<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t (<span class=\"_ _0\"></span>Ho<span class=\"_ _0\"></span>ld<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>s) Lim<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d was r<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>d to L<span class=\"_ _0\"></span>&amp;<span class=\"_ _0\"></span>G \u2013 A<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et M<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>n 7 M<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>h 20<span class=\"_ _0\"></span>25<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span><table class=\"s w4bc h1cb\" id=\"_a1eade4d-0342-4e60-ac52-c3ee6f59b189\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x1630 h13 y476a ff5 fs9 fc1 sc0 ls18 ws0\">% of e<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x274 h13 y476b ff5 fs9 fc1 sc0 ls3d ws86\">Country of<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m0 x1630 h13 y476b ff5 fs9 fc1 sc0 ls38 ws3b\">shares held<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 h13 y476c ff5 fs9 fc1 sc0 ls14a ws163\">Company n<span class=\"_ _1\"></span>ame<span class=\"_ _3b2\"> </span></td><td></td><td></td><td class=\"c n x1506 y476d w4bd h12b\"><div class=\"t m0 x1ca h13 y40ef ff5 fs9 fc1 sc0 ls14a ws164\">incorporation<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1631 y476d w4be h12b\"><div class=\"t m0 x1ca h13 y40ef ff5 fs9 fc1 sc0 ls38 ws3b\">Share class<span class=\"_ _3b2\"> </span></div></td><td class=\"t m0 x1630 h13 y476c ff5 fs9 fc1 sc0 ls18 ws0\">by t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>p<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y476e w557 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al S<span class=\"_ _0\"></span>BT<span class=\"_ _0\"></span>R (Sa<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>y L<span class=\"_ _0\"></span>ane 2) L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x1692 y476e w4d7 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1693 y476e w4cb h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xab0 y476e w4c2 h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y476f w558 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al S<span class=\"_ _0\"></span>BT<span class=\"_ _0\"></span>R (S<span class=\"_ _0\"></span>t Ne<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>s) Limi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x16db y476f w4d5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16dc y476f w4e6 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16dd y476f w4cc h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4770 w559 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al S<span class=\"_ _0\"></span>BT<span class=\"_ _0\"></span>R (S<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>nton C<span class=\"_ _0\"></span>ros<span class=\"_ _0\"></span>s 1<span class=\"_ _1\"></span>) Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x16de y4770 w4ca h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16df y4770 w4d3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16e0 y4770 w4cf h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4771 w55a h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al S<span class=\"_ _0\"></span>BT<span class=\"_ _0\"></span>R (S<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>nton C<span class=\"_ _0\"></span>ros<span class=\"_ _0\"></span>s 2) Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x15ed y4771 w4c0 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">E<span class=\"_ _0\"></span>ngland and<span class=\"_ _1\"></span> Wale<span class=\"_ _1\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1654 y4771 w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1655 y4771 w4da h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4772 w55b h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al S<span class=\"_ _0\"></span>BT<span class=\"_ _0\"></span>R (S<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>nton C<span class=\"_ _0\"></span>ros<span class=\"_ _0\"></span>s 3) Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x1652 y4772 w4e2 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">E<span class=\"_ _0\"></span>ngland and<span class=\"_ _1\"></span> Wale<span class=\"_ _1\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa29 y4772 w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1653 y4772 w4cc h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4773 w55b h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al S<span class=\"_ _0\"></span>BT<span class=\"_ _0\"></span>R (S<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>nton C<span class=\"_ _0\"></span>ros<span class=\"_ _0\"></span>s 4) Li<span class=\"_ _0\"></span>mite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x1652 y4773 w4e2 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">E<span class=\"_ _0\"></span>ngland and<span class=\"_ _1\"></span> Wale<span class=\"_ _1\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa29 y4773 w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1653 y4773 w4cc h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4774 w55c h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al S<span class=\"_ _0\"></span>cie<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ce an<span class=\"_ _0\"></span>d T<span class=\"_ _1\"></span>ec<span class=\"_ _0\"></span>h (H<span class=\"_ _0\"></span>old<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>gs) Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x15d8 y4774 w4ce h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1668 y4774 w4cb h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1669 y4774 w4de h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4775 w55d h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al S<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ior L<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>vin<span class=\"_ _0\"></span>g Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x1646 y4775 w4d5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x319 y4775 w4d3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1643 y4775 w4cf h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4776 w55e h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">Leg<span class=\"_ _0\"></span>al &amp; Gen<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al SP<span class=\"_ _0\"></span>V (Ho<span class=\"_ _0\"></span>ld<span class=\"_ _0\"></span>Co) Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x16e1 y4776 w4d7 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16e2 y4776 w4c8 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16e3 y4776 w4c2 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4777 w55f h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al S<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>nt L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing L<span class=\"_ _0\"></span>L<span class=\"_ _0\"></span>P<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x16a7 y4777 w4ce h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16a8 y4777 w4c5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws13f\">Partnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16b6 y4777 w4c2 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4778 w560 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al S<span class=\"_ _0\"></span>ubu<span class=\"_ _0\"></span>rb<span class=\"_ _0\"></span>an B<span class=\"_ _0\"></span>TR (<span class=\"_ _0\"></span>De<span class=\"_ _0\"></span>vel<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt 2) L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x16e4 y4778 w4c0 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">E<span class=\"_ _0\"></span>ngland and<span class=\"_ _1\"></span> Wale<span class=\"_ _1\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1661 y4778 w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1662 y4778 w4da h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4779 w561 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al S<span class=\"_ _0\"></span>ubu<span class=\"_ _0\"></span>rb<span class=\"_ _0\"></span>an B<span class=\"_ _0\"></span>TR (<span class=\"_ _0\"></span>De<span class=\"_ _0\"></span>vel<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt) Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x16cd y4779 w518 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1693 y4779 w4cb h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xab0 y4779 w4c2 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y477a w562 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al S<span class=\"_ _0\"></span>ubu<span class=\"_ _0\"></span>rb<span class=\"_ _0\"></span>an B<span class=\"_ _0\"></span>TR (O<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s) Lim<span class=\"_ _0\"></span>ited<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x1635 y477a w4c4 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16b5 y477a w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1643 y477a w4cf h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y477b w563 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al S<span class=\"_ _0\"></span>ubu<span class=\"_ _0\"></span>rb<span class=\"_ _0\"></span>an B<span class=\"_ _0\"></span>TR (<span class=\"_ _0\"></span>Pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y) L<span class=\"_ _0\"></span>L<span class=\"_ _0\"></span>P<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x16e5 y477b w4ec h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">Engla<span class=\"_ _1\"></span>nd and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16b1 y477b w4c5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws13f\">Partnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xab2 y477b w4c2 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y477c w564 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al S<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>yi<span class=\"_ _0\"></span>ng S<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>vic<span class=\"_ _0\"></span>es L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ited<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x1646 y477c w4d5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x319 y477c w4d3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1643 y477c w4cf h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y477d w565 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al T<span class=\"_ _1\"></span>rus<span class=\"_ _0\"></span>tee<span class=\"_ _0\"></span>s Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x16a7 y477d w4ce h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16a8 y477d w4cb h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x165b y477d w4c2 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y477e w566 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al U<span class=\"_ _0\"></span>K BT<span class=\"_ _0\"></span>R GP L<span class=\"_ _0\"></span>L<span class=\"_ _0\"></span>P<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x165e y477e w4ec h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">Engla<span class=\"_ _1\"></span>nd and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x165f y477e w4c5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws13f\">Partnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16e6 y477e w4c2 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y477f w567 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al U<span class=\"_ _0\"></span>K BT<span class=\"_ _0\"></span>R GP T<span class=\"_ _0\"></span>hr<span class=\"_ _0\"></span>ee L<span class=\"_ _0\"></span>L<span class=\"_ _0\"></span>P<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x16e7 y477f w4ec h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and Wa<span class=\"_ _1\"></span>les<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16e8 y477f w4c5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws13f\">Partnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16e9 y477f w4cf h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4780 w568 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al U<span class=\"_ _0\"></span>K BT<span class=\"_ _0\"></span>R Inve<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t GP L<span class=\"_ _0\"></span>L<span class=\"_ _0\"></span>P<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x155a y4780 w4d5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16ea y4780 w4e9 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws13f\">Par<span class=\"_ _0\"></span>tnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16e0 y4780 w4cf h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4781 w569 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al U<span class=\"_ _0\"></span>K BT<span class=\"_ _0\"></span>R Inve<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t No<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>e Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x1635 y4781 w4c4 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16b5 y4781 w4d3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16b6 y4781 w4cf h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4782 w56a h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al U<span class=\"_ _0\"></span>K PIF Two GP LL<span class=\"_ _0\"></span>P<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x16eb y4782 w4c4 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16ec y4782 w4c1 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws13f\">Par<span class=\"_ _0\"></span>tnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16ba y4782 w4de h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4783 w56b h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al U<span class=\"_ _0\"></span>K So<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>r Inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts (H<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>gs) Li<span class=\"_ _0\"></span>mite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x16ed y4783 w4e2 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">E<span class=\"_ _0\"></span>ngland and<span class=\"_ _1\"></span> Wale<span class=\"_ _1\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16ee y4783 w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1658 y4783 w4cc h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4784 w56c h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">Leg<span class=\"_ _0\"></span>al &amp; Gen<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al UK S<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>tur<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g SP<span class=\"_ _0\"></span>V LL<span class=\"_ _0\"></span>P<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x6c6 y4784 w4c4 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1671 y4784 w4c1 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws13f\">Par<span class=\"_ _0\"></span>tnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16ef y4784 w4de h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4785 w56d h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al an<span class=\"_ _0\"></span>d Ge<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>l Af<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>dab<span class=\"_ _0\"></span>le H<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>es (<span class=\"_ _0\"></span>De<span class=\"_ _0\"></span>vel<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt 3) Li<span class=\"_ _0\"></span>mite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x16f0 y4785 w4ca h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16f1 y4785 w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16f2 y4785 w4cf h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4786 w56e h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws54\">Legal and General<span class=\"_ _1\"></span> Assurance (Pensions Management) Limit<span class=\"_ _1\"></span>ed<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x16f3 y4786 w4dc h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16f4 y4786 w4c8 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x167d y4786 w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4787 w321 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws54\">Legal and General<span class=\"_ _1\"></span> Assurance So<span class=\"_ _0\"></span>ciety Limited<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x16f5 y4787 w4dc h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x796 y4787 w4c8 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16b6 y4787 w4cf h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4788 w56f h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al an<span class=\"_ _0\"></span>d Ge<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>l Br<span class=\"_ _0\"></span>isto<span class=\"_ _0\"></span>l T<span class=\"_ _1\"></span>emp<span class=\"_ _0\"></span>le Is<span class=\"_ _0\"></span>lan<span class=\"_ _0\"></span>d Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x16f3 y4788 w4dc h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16f4 y4788 w4c8 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x167d y4788 w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4789 w570 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al an<span class=\"_ _0\"></span>d Ge<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>l Ca<span class=\"_ _0\"></span>pit<span class=\"_ _0\"></span>al IM C<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>any L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x1659 y4789 w571 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wale<span class=\"_ _1\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16ee y4789 w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1658 y4789 w4cc h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y478a w572 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al an<span class=\"_ _0\"></span>d Ge<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>l Res<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>al (B<span class=\"_ _0\"></span>TR) 1 L<span class=\"_ _0\"></span>L<span class=\"_ _0\"></span>P<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x16e7 y478a w4ec h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and Wa<span class=\"_ _1\"></span>les<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16e8 y478a w4c5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws13f\">Partnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16e9 y478a w4cf h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y478b w572 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al an<span class=\"_ _0\"></span>d Ge<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>l Res<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>al (B<span class=\"_ _0\"></span>TR) 2 L<span class=\"_ _0\"></span>L<span class=\"_ _0\"></span>P<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x16e7 y478b w4ec h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and Wa<span class=\"_ _1\"></span>les<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16e8 y478b w4c5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws13f\">Partnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16e9 y478b w4cf h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y478c w573 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGC<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16f6 y478c w574 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">150<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16f7 y478c w575 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Ric<span class=\"_ _0\"></span>hm<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>d U<span class=\"_ _0\"></span>K Ho<span class=\"_ _0\"></span>ldc<span class=\"_ _0\"></span>o L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1646 y478c w4d5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x319 y478c w4e0 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1640 y478c w4cf h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y478d w573 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">LGC<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16f8 y478d w153 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">265<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16f9 y478d w576 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">S. O<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ge UK Ho<span class=\"_ _0\"></span>ld<span class=\"_ _0\"></span>co Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16fa y478d w4d7 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5cc y478d w4cb h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16c5 y478d w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y478e w577 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGC O<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>as Ho<span class=\"_ _0\"></span>ld<span class=\"_ _0\"></span>co L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x16fb y478e w4d5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16fc y478e w521 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16ba y478e w4de h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y478f w578 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGC T<span class=\"_ _0\"></span>EP U<span class=\"_ _0\"></span>K H<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>dc<span class=\"_ _0\"></span>o Li<span class=\"_ _0\"></span>mite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x1680 y478f w4ce h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England a<span class=\"_ _1\"></span>nd Wa<span class=\"_ _1\"></span>les<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1681 y478f w4c8 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16e0 y478f w4cf h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4790 w579 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGGP E<span class=\"_ _0\"></span>CF (GP) L<span class=\"_ _0\"></span>L<span class=\"_ _0\"></span>P<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x16fd y4790 w4c7 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x796 y4790 w4c5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws13f\">Partnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x167f y4790 w4cf h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4791 w57a h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">LGGP EC<span class=\"_ _0\"></span>F 1 L.P<span class=\"_ _1\"></span>.<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x16f0 y4791 w4ca h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16f1 y4791 w4c1 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws13f\">Par<span class=\"_ _0\"></span>tnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1670 y4791 w4cf h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4792 w57b h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws54\">LGGP Holdings<span class=\"_ _1\"></span> Limited<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x1679 y4792 w4dc h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x167a y4792 w4c8 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16fe y4792 w4da h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4793 w57c h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGGP I<span class=\"_ _0\"></span>nves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s 1 Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x1644 y4793 w4ca h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1645 y4793 w4d3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1640 y4793 w4cf h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4794 w57d h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls113 ws5b\">LGGP<span class=\"_ _1\"></span> Management<span class=\"_ _1\"></span> Limited<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x1647 y4794 w4d5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1698 y4794 w4c8 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1699 y4794 w4da h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4795 w57e h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGGP N<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ee 1 L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x16e7 y4795 w4ec h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and Wa<span class=\"_ _1\"></span>les<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16e8 y4795 w4c8 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x165c y4795 w4cf h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4796 w57e h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGGP N<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ee 2 L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x16e7 y4796 w4ec h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and Wa<span class=\"_ _1\"></span>les<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16e8 y4796 w4c8 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x165c y4796 w4cf h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4797 w57f h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM C<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>mm<span class=\"_ _0\"></span>erc<span class=\"_ _0\"></span>ial L<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>g Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x16de y4797 w4ca h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16df y4797 w4e6 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1682 y4797 w4cc h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4798 w580 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10a ws5a\">LGIM Int<span class=\"_ _1\"></span>ernational Limited<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x16ff y4798 w4ec h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and Wa<span class=\"_ _1\"></span>les<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1700 y4798 w4cb h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16ba y4798 w4de h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4799 w581 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws54\">LGIM R<span class=\"_ _1\"></span>eal Assets (<span class=\"_ _1\"></span>Operator)<span class=\"_ _1\"></span> Limited<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x1641 y4799 w4c7 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1642 y4799 w4c8 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x166b y4799 w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y479a w582 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws54\">LGIM R<span class=\"_ _1\"></span>eal Assets Limit<span class=\"_ _1\"></span>ed<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x16f3 y479a w4dc h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16f4 y479a w4c8 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x167d y479a w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y479b w583 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM S<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>tai<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>ble D<span class=\"_ _0\"></span>C Pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ty Fu<span class=\"_ _0\"></span>nd<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x1701 y479b w4e2 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">E<span class=\"_ _0\"></span>ngland and<span class=\"_ _1\"></span> Wale<span class=\"_ _1\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15ef y479b w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1702 y479b w4cc h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y479c w584 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGP N<span class=\"_ _0\"></span>ewco L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x1646 y479c w4d5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x319 y479c w4d3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1643 y479c w4cf h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y479d w585 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">LGP<span class=\"_ _0\"></span>L No.2 Ltd<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x16b0 y479d w4d7 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16b1 y479d w4c8 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16b2 y479d w4da h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y479e w586 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Life a<span class=\"_ _0\"></span>nd M<span class=\"_ _0\"></span>ind B<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>ldi<span class=\"_ _0\"></span>ng O<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>ford L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x1635 y479e w4c4 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16b5 y479e w4d3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16b6 y479e w4cf h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y479f w587 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Life Fu<span class=\"_ _0\"></span>nd L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d Par<span class=\"_ _3\"></span>tne<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>hip<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x6fa y479f w4c4 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x164d y479f w4c1 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws13f\">Par<span class=\"_ _0\"></span>tnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x164e y479f w4de h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47a0 w588 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LP<span class=\"_ _0\"></span>I Fun<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x6fa y47a0 w4c4 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x164d y47a0 w4d3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1670 y47a0 w4cf h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47a1 w589 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Managed<span class=\"_ _1\"></span> Property Fund<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x16ca y47a1 w4dc h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16cb y47a1 w4c8 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16e6 y47a1 w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47a2 w58a h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Nes<span class=\"_ _0\"></span>t Re<span class=\"_ _0\"></span>sid<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>ial G<span class=\"_ _0\"></span>P L<span class=\"_ _0\"></span>LP<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x1663 y47a2 w4d7 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1636 y47a2 w4c5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws13f\">Partnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1637 y47a2 w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47a3 w58b h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">NS<span class=\"_ _0\"></span>C Bu<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>g A Li<span class=\"_ _0\"></span>mite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x1694 y47a3 w4fa h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">Eng<span class=\"_ _1\"></span>land and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1695 y47a3 w4e6 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1696 y47a3 w4cc h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47a4 w58c h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">NS<span class=\"_ _0\"></span>C Bu<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>g B Li<span class=\"_ _0\"></span>mite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x1703 y47a4 w518 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x163c y47a4 w4cb h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16cc y47a4 w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47a5 w58d h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Par<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y E<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>rg<span class=\"_ _0\"></span>y S<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>e Li<span class=\"_ _0\"></span>mite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x1704 y47a5 w4fe h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and Wa<span class=\"_ _1\"></span>les<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1705 y47a5 w4cb h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x167f y47a5 w58e h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">8<span class=\"_ _0\"></span>0.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47a6 w58f h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Performance<span class=\"_ _1\"></span> Retai<span class=\"_ _1\"></span>l (<span class=\"_ _1\"></span>General<span class=\"_ _1\"></span> Partner) Li<span class=\"_ _1\"></span>mited<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x15e3 y47a6 w4d7 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1685 y47a6 w4cb h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1686 y47a6 w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47a7 w590 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws54\">Performance Retail (Nominee)<span class=\"_ _1\"></span> Limited<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x16b0 y47a7 w4d7 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16b1 y47a7 w4c8 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16b2 y47a7 w4da h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47a8 w591 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws54\">Performance Retail Limited<span class=\"_ _1\"></span> Par<span class=\"_ _0\"></span>tnership<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x1706 y47a8 w4c4 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1707 y47a8 w4c1 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws13f\">Par<span class=\"_ _0\"></span>tnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1708 y47a8 w4de h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47a9 w592 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls51 ws1c6\">PRLP<span class=\"_ _1\"></span> GP<span class=\"_ _1\"></span> LLP<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x16b7 y47a9 w4ec h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England a<span class=\"_ _1\"></span>nd Wale<span class=\"_ _1\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16ee y47a9 w4c5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws13f\">Partnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1709 y47a9 w4cf h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47aa w4df h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Rowl<span class=\"_ _0\"></span>ey L<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>e Bo<span class=\"_ _0\"></span>reh<span class=\"_ _0\"></span>amwo<span class=\"_ _0\"></span>od L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x164f y47aa w4ec h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England a<span class=\"_ _1\"></span>nd Wale<span class=\"_ _1\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16d5 y47aa w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16d6 y47aa w4cc h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47ab w593 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Sa<span class=\"_ _0\"></span>pp<span class=\"_ _0\"></span>hir<span class=\"_ _0\"></span>e Cam<span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>s Ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t Co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>any L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ited<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x16f5 y47ab w4dc h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x796 y47ab w594 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">Ordinary and conver<span class=\"_ _0\"></span>tible<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x170a y47ab w595 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 lsb8 ws9f\">9.5<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47ac w596 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing M<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>dic<span class=\"_ _0\"></span>i Ho<span class=\"_ _0\"></span>ld<span class=\"_ _0\"></span>co L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ited<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x167b y47ac w4d7 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x167c y47ac w4cb h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16b4 y47ac w4cc h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47ad w597 h176\"><div class=\"t m0 x1ca hc y445f ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing M<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>dic<span class=\"_ _0\"></span>i Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x1701 y47ad w4e2 h176\"><div class=\"t m0 x1ca hc y445f ff3 fs6 fc1 sc0 ls11e ws5c\">E<span class=\"_ _0\"></span>ngland and<span class=\"_ _1\"></span> Wale<span class=\"_ _1\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15ef y47ad w4e3 h176\"><div class=\"t m0 x1ca hc y445f ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1702 y47ad w4cc h175\"><div class=\"t m0 x1ca hc y445f ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47ae w598 h176\"><div class=\"t m0 x1ca hc y445f ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing U<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ban (<span class=\"_ _0\"></span>Ba<span class=\"_ _0\"></span>th) Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x1644 y47ae w4ca h176\"><div class=\"t m0 x1ca hc y445f ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1645 y47ae w4d3 h176\"><div class=\"t m0 x1ca hc y445f ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1640 y47ae w4cf h175\"><div class=\"t m0 x1ca hc y445f ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47af w599 h176\"><div class=\"t m0 x1ca hc y445f ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing U<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ban (<span class=\"_ _0\"></span>Ep<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>m) Limi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x170b y47af w4fe h176\"><div class=\"t m0 x1ca hc y445f ff3 fs6 fc1 sc0 ls11e ws5c\">Engl<span class=\"_ _1\"></span>and and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1648 y47af w4cb h176\"><div class=\"t m0 x1ca hc y445f ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xab4 y47af w4cc h175\"><div class=\"t m0 x1ca hc y445f ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w59a h176\"><div class=\"t m0 x1ca hc y445f ff3 fs6 fc1 sc0 ls11e ws5c\">Senior Living Urban (Uxbridge<span class=\"_ _1\"></span>)<span class=\"_ _1\"></span> Limited<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x16f0 y40ae w4ca h176\"><div class=\"t m0 x1ca hc y445f ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16f1 y40ae w4d3 h176\"><div class=\"t m0 x1ca hc y445f ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16e3 y40ae w4cf h175\"><div class=\"t m0 x1ca hc y445f ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr></table><table class=\"s w4bc h1cc\" id=\"_e52cedf7-9735-4cc1-a769-e8850b0ad466\"><tr><td></td><td></td><td></td><td></td><td class=\"t m0 x1630 h13 y47b0 ff5 fs9 fc1 sc0 ls18 ws0\">% of e<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x274 h13 y47b1 ff5 fs9 fc1 sc0 ls3d ws86\">Country of<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m0 x1630 h13 y47b1 ff5 fs9 fc1 sc0 ls38 ws3b\">shares held<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 h13 y47b2 ff5 fs9 fc1 sc0 ls14a ws163\">Company n<span class=\"_ _1\"></span>ame<span class=\"_ _3b2\"> </span></td><td></td><td class=\"c n x1506 y47b3 w4bd h12b\"><div class=\"t m0 x1ca h13 y40ef ff5 fs9 fc1 sc0 ls14a ws164\">incorporation<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1631 y47b3 w4be h12b\"><div class=\"t m0 x1ca h13 y40ef ff5 fs9 fc1 sc0 ls38 ws3b\">Share class<span class=\"_ _3b2\"> </span></div></td><td class=\"t m0 x1630 h13 y47b2 ff5 fs9 fc1 sc0 ls18 ws0\">by t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>p<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y47b4 w59b h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing U<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ban (<span class=\"_ _0\"></span>Wa<span class=\"_ _0\"></span>lto<span class=\"_ _0\"></span>n) Limi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1638 y47b4 w4c7 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1639 y47b4 w4c8 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x163a y47b4 w4c2 h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47b5 w59c h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">S<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ford Ci<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y Of<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>s (No<span class=\"_ _0\"></span>. 2) <span class=\"_ _1\"></span>Ge<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>ral Pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tn<span class=\"_ _0\"></span>er Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x6c6 y47b5 w4c4 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1671 y47b5 w4c1 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls11b ws13f\">Par<span class=\"_ _0\"></span>tnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16ef y47b5 w4de h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47b6 w59d h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">S<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ford Ci<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y Of<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>s (No<span class=\"_ _0\"></span>. 2) <span class=\"_ _1\"></span>Li<span class=\"_ _0\"></span>mite<span class=\"_ _0\"></span>d Par<span class=\"_ _3\"></span>tne<span class=\"_ _0\"></span>rsh<span class=\"_ _0\"></span>ip<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x154f y47b6 w4d5 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15e1 y47b6 w4e9 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls11b ws13f\">Par<span class=\"_ _0\"></span>tnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1673 y47b6 w4cf h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47b7 w59e h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls1 ws23\">Student Operat<span class=\"_ _1\"></span>ions (<span class=\"_ _1\"></span>Cli<span class=\"_ _1\"></span>fford)<span class=\"_ _1\"></span> Limited<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x16d1 y47b7 w4d7 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16cf y47b7 w4cb h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16d0 y47b7 w4c2 h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47b8 w59f h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls1 ws23\">Student Operat<span class=\"_ _1\"></span>ions (<span class=\"_ _1\"></span>Scotwa<span class=\"_ _1\"></span>y)<span class=\"_ _1\"></span> Limit<span class=\"_ _1\"></span>ed<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x16d4 y47b8 w4e2 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls11e ws5c\">E<span class=\"_ _0\"></span>ngland and<span class=\"_ _1\"></span> Wale<span class=\"_ _1\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16d5 y47b8 w4e3 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16d6 y47b8 w4cc h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47b9 w5a0 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">Su<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>lan<span class=\"_ _0\"></span>d Vaux 1 <span class=\"_ _1\"></span>Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x16be y47b9 w4d7 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1413 y47b9 w4c8 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16a2 y47b9 w4c2 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47ba w5a1 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Th<span class=\"_ _0\"></span>e Sp<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>s Th<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>pe P<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>k Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x164b y47ba w4dc h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x164c y47ba w4c8 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xab2 y47ba w4cc h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47bb w5a2 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">West B<span class=\"_ _0\"></span>ar S<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>are L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x170c y47bb w4d7 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16aa y47bb w4cb h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16ab y47bb w4c2 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47bc w5a3 h128\"><div class=\"t m0 x1ca h13 y4151 ff6 fs9 fc1 sc0 ls18 ws32\">108<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x170d y47bc w5a4 h128\"><div class=\"t m0 x1ca h13 y4151 ff6 fs9 fc1 sc0 ls18 ws32\">La<span class=\"_ _0\"></span>kel<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nd Ave<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>, Dove<span class=\"_ _0\"></span>r, Cou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>y of Ke<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>, De<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>wa<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>, DE 19901, Un<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ed S<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y47bd w5a5 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">An<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ra 26<span class=\"_ _0\"></span>5 S. Ora<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>e Hol<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>gs<span class=\"_ _0\"></span>, LLC<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x15f3 y47bd w5a6 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls52 ws12a\">USA<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16dc y47bd w5a7 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">Me<span class=\"_ _0\"></span>mbership int<span class=\"_ _1\"></span>erests<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16fe y47bd w5a8 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 lsb8 ws9f\">99.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 h13 y47be ff6 fs9 fc1 sc0 ls18 ws32\">12 <span class=\"_ _1\"></span>Ca<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>e St<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t, S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>. He<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>er, Je<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>ey, JE<span class=\"_ _0\"></span>2 3R<span class=\"_ _0\"></span>T<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y47bf w5a9 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Boreham<span class=\"_ _1\"></span>wood Pr<span class=\"_ _1\"></span>opert<span class=\"_ _0\"></span>y Unit<span class=\"_ _1\"></span> T<span class=\"_ _1\"></span>rus<span class=\"_ _1\"></span>t<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x16f0 y47bf w5aa h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">Jersey<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5cc y47bf w507 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws1bc\">Unit<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x170e y47bf w4cf h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 h13 y47c0 ff6 fs9 fc1 sc0 ls18 ws32\">15 <span class=\"_ _1\"></span>Bo<span class=\"_ _0\"></span>ul<span class=\"_ _0\"></span>ev<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>d F<span class=\"_ _1\"></span>.W. <span class=\"_ _1\"></span>Rai<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n, Lu<span class=\"_ _0\"></span>xe<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>, Gra<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d Du<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>y of Lux<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>bo<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>rg<span class=\"_ _0\"></span>, L-241<span class=\"_ _1\"></span>1<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y47c1 w5ab h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">L&amp;<span class=\"_ _0\"></span>G Car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d Intere<span class=\"_ _0\"></span>st Dig<span class=\"_ _0\"></span>ita<span class=\"_ _0\"></span>l Infra<span class=\"_ _0\"></span>str<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ctu<span class=\"_ _0\"></span>re GP S.<span class=\"_ _0\"></span>a.<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>.l<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1706 y47c1 w5ac h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws141\">Luxembourg<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15ea y47c1 w4e0 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x170f y47c1 w4da h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47c2 w5ad h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 lsea ws27\">L&amp;G Car<span class=\"_ _0\"></span>ried Interest Digital Infrastructure SC<span class=\"_ _0\"></span>Sp<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x16ed y47c2 w5ae h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws141\">Luxembourg<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1710 y47c2 w4e6 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1653 y47c2 w4cc h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47c3 w5af h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">L&amp;<span class=\"_ _0\"></span>G Dig<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>al Infra<span class=\"_ _0\"></span>str<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ctu<span class=\"_ _0\"></span>re Co<span class=\"_ _3\"></span>-I<span class=\"_ _0\"></span>nves<span class=\"_ _0\"></span>t 1 <span class=\"_ _1\"></span>GP S<span class=\"_ _0\"></span>.a<span class=\"_ _0\"></span>.r.l.<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x6c6 y47c3 w5ac h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws141\">Luxembourg<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1711 y47c3 w4e0 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16b2 y47c3 w4da h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47c4 w5b0 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 lsea ws27\">L&amp;G Digital Infrastru<span class=\"_ _0\"></span>cture Co<span class=\"_ _0\"></span>-Invest 1 SC<span class=\"_ _0\"></span>Sp<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x16af y47c4 w5ae h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws141\">Luxembourg<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x28f y47c4 w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16cc y47c4 w4c2 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47c5 w5af h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">L&amp;<span class=\"_ _0\"></span>G Dig<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>al Infra<span class=\"_ _0\"></span>str<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ctu<span class=\"_ _0\"></span>re Co<span class=\"_ _3\"></span>-I<span class=\"_ _0\"></span>nves<span class=\"_ _0\"></span>t 3 <span class=\"_ _1\"></span>GP S<span class=\"_ _0\"></span>.a<span class=\"_ _0\"></span>.r.l.<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x6c6 y47c5 w5ac h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws141\">Luxembourg<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1711 y47c5 w4e0 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16b2 y47c5 w4da h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47c6 w5b0 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 lsea ws27\">L&amp;G Digital Infrastru<span class=\"_ _0\"></span>cture Co<span class=\"_ _0\"></span>-Invest 3 SC<span class=\"_ _0\"></span>Sp<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x16af y47c6 w5ae h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws141\">Luxembourg<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x28f y47c6 w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16cc y47c6 w4c2 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47c7 w5b1 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">L&amp;<span class=\"_ _0\"></span>G Dig<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>al Infra<span class=\"_ _0\"></span>str<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ctu<span class=\"_ _0\"></span>re GP S.<span class=\"_ _0\"></span>a.<span class=\"_ _0\"></span>r.l.<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1638 y47c7 w5b2 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws141\">Lux<span class=\"_ _1\"></span>embourg<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16b5 y47c7 w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1643 y47c7 w4c2 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47c8 w5b3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 lsea ws27\">L&amp;G Digital Infrastru<span class=\"_ _0\"></span>cture SCS<span class=\"_ _0\"></span>p<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x6fa y47c8 w5ac h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws141\">Luxembourg<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x616 y47c8 w4e0 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16da y47c8 w4da h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47c9 w5b4 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">L&amp;<span class=\"_ _0\"></span>G Pri<span class=\"_ _0\"></span>vate Ma<span class=\"_ _0\"></span>rket<span class=\"_ _0\"></span>s SV S.<span class=\"_ _0\"></span>\u00e0.<span class=\"_ _0\"></span>r.l.<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1638 y47c9 w5b2 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws141\">Lux<span class=\"_ _1\"></span>embourg<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16b5 y47c9 w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1643 y47c9 w4c2 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47ca w5b5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L&amp;<span class=\"_ _0\"></span>G S<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t Term Al<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>nat<span class=\"_ _0\"></span>ive F<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e Fun<span class=\"_ _0\"></span>d II<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x164b y47ca w5ac h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws141\">Luxembourg<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16c4 y47ca w4e0 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16e3 y47ca w4c2 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47cb w5b6 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">L&amp;<span class=\"_ _0\"></span>G Um<span class=\"_ _0\"></span>bre<span class=\"_ _0\"></span>lla GP S<span class=\"_ _0\"></span>.\u00e0<span class=\"_ _0\"></span>.r.l.<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x168a y47cb w5ae h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws141\">Luxembourg<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1712 y47cb w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16fe y47cb w4da h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 h13 y47cc ff6 fs9 fc1 sc0 ls18 ws32\">19 <span class=\"_ _1\"></span>Pa<span class=\"_ _0\"></span>r La Vi<span class=\"_ _0\"></span>ll<span class=\"_ _0\"></span>e Roa<span class=\"_ _0\"></span>d, H<span class=\"_ _0\"></span>am<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>, Ber<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>a, H<span class=\"_ _0\"></span>M<span class=\"_ _0\"></span>08<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4741 w5b7 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al A<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ca Re<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1713 y4741 w427 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws11c\">Bermuda<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1714 y4741 w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1715 y4741 w4cc h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47cd w5b8 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Rei<span class=\"_ _0\"></span>nsu<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e Co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>any L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x16d1 y47cd w5b9 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws11c\">B<span class=\"_ _0\"></span>ermuda<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1716 y47cd w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x163a y47cd w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47ce w5ba h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">Leg<span class=\"_ _0\"></span>al &amp; Gen<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Rein<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce Co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>any No.<span class=\"_ _0\"></span>2 Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x16d4 y47ce w5b9 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws11c\">B<span class=\"_ _0\"></span>ermuda<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16f1 y47ce w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16f2 y47ce w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47cf w5bb h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Res<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>es B<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>mu<span class=\"_ _0\"></span>da L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1687 y47cf w5b9 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws11c\">Ber<span class=\"_ _0\"></span>muda<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x642 y47cf w4e0 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1717 y47cf w4da h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 h13 y47d0 ff6 fs9 fc1 sc0 ls18 ws32\">2 Gra<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d Ca<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>l Sq<span class=\"_ _0\"></span>ua<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>, Du<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>in 2<span class=\"_ _0\"></span>, Ir<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>, D0<span class=\"_ _0\"></span>2 A3<span class=\"_ _0\"></span>42<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y47d1 w5bc h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L&amp;<span class=\"_ _0\"></span>G E<span class=\"_ _0\"></span>SG G<span class=\"_ _0\"></span>B<span class=\"_ _0\"></span>P Co<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ate B<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>d 0<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>5 Year UC<span class=\"_ _0\"></span>IT<span class=\"_ _0\"></span>S E<span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>F<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1718 y47d1 w5bd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x169d y47d1 w4d3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x169e y47d1 w5be h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls161 ws17b\">42<span class=\"_ _0\"></span>.6<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47d2 w5bf h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L&amp;<span class=\"_ _0\"></span>G E<span class=\"_ _0\"></span>SG U<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>D C<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>rate B<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>nd U<span class=\"_ _0\"></span>CI<span class=\"_ _0\"></span>TS E<span class=\"_ _3\"></span>TF<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1719 y47d2 w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x171a y47d2 w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16b6 y47d2 w5c0 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls185 ws1a4\">61.<span class=\"_ _0\"></span>3<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47d3 w51f h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L&amp;<span class=\"_ _0\"></span>G In<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>a IN<span class=\"_ _0\"></span>R Gove<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt B<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>d U<span class=\"_ _0\"></span>CI<span class=\"_ _0\"></span>TS E<span class=\"_ _3\"></span>TF<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1697 y47d3 w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1716 y47d3 w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x163a y47d3 w4f0 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls130 ws1a1\">26.3<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 h13 y47d4 ff6 fs9 fc1 sc0 ls18 ws32\">22 Gr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nv<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>le St<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>, St<span class=\"_ _0\"></span>. He<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r, Jer<span class=\"_ _0\"></span>sey, JE<span class=\"_ _0\"></span>4 8PX<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y474d w5c1 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws54\">Clifford Limited<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x169c y474d w5aa h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">Jersey<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1700 y474d w4cb h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1669 y474d w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47d5 w5c2 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al S<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>nt L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x171b y47d5 w5c3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">J<span class=\"_ _0\"></span>ersey<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x171c y47d5 w4e6 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x171d y47d5 w4cc h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47d6 w5c4 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls14f ws118\">S<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>way L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x6fa y47d6 w5aa h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">Jersey<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x163f y47d6 w4c8 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1640 y47d6 w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 h13 y47d7 ff6 fs9 fc1 sc0 ls18 ws32\">22<span class=\"_ _0\"></span>F T<span class=\"_ _1\"></span>or<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n Koto<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>ir<span class=\"_ _0\"></span>a T<span class=\"_ _1\"></span>owe<span class=\"_ _0\"></span>r, <span class=\"_ _1\"></span>1-2-8 T<span class=\"_ _1\"></span>ora<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n, Mi<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>o-<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>u, Toky<span class=\"_ _0\"></span>o, Ja<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>, 105-<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>01<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4751 w5c5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Inve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt Ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt Ja<span class=\"_ _0\"></span>pan K<span class=\"_ _0\"></span>K<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1646 y4751 w253 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10a ws118\">Japan<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x171e y4751 w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xab4 y4751 w4cc h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 h13 y47d8 ff6 fs9 fc1 sc0 ls18 ws32\">23 C<span class=\"_ _0\"></span>hu<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>h S<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>, Leve<span class=\"_ _0\"></span>l 7<span class=\"_ _1\"></span>, Uni<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s 718-<span class=\"_ _1\"></span>19 <span class=\"_ _1\"></span>an<span class=\"_ _0\"></span>d 785<span class=\"_ _0\"></span>, Cap<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>l Sq<span class=\"_ _0\"></span>ua<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>, Si<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>, 049<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>81<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y47d9 w5c6 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">LGIM Si<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>ap<span class=\"_ _0\"></span>ore P<span class=\"_ _0\"></span>te. Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x16fd y47d9 w5c7 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls12c ws140\">Singa<span class=\"_ _0\"></span>pore<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1714 y47d9 w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1715 y47d9 w4cc h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 h13 y47da ff6 fs9 fc1 sc0 ls18 ws32\">2-4<span class=\"_ _0\"></span>, Ru<span class=\"_ _0\"></span>e Eug<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ne Ru<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>, Lu<span class=\"_ _0\"></span>xem<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>g, G<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>nd D<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>hy of Lu<span class=\"_ _0\"></span>xe<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>bo<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>, L-<span class=\"_ _1\"></span>24<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>3<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y47db w5c8 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L&amp;<span class=\"_ _0\"></span>G A<span class=\"_ _0\"></span>bs<span class=\"_ _0\"></span>olu<span class=\"_ _0\"></span>te Ret<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>n Bo<span class=\"_ _0\"></span>nd Fu<span class=\"_ _0\"></span>nd<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x16a0 y47db w5ae h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws141\">Luxembourg<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1695 y47db w4e6 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1696 y47db w5c9 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls1a5 ws1df\">91.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47dc wb7 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L&amp;<span class=\"_ _0\"></span>G A<span class=\"_ _0\"></span>lte<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ve Ris<span class=\"_ _0\"></span>k Pre<span class=\"_ _0\"></span>mia Fu<span class=\"_ _0\"></span>nd<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x6fa y47dc w5ac h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws141\">Luxembourg<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x616 y47dc w4e0 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16da y47dc w5ca h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 lsc5 ws1de\">8<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>.7<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47dd w5cb h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L&amp;<span class=\"_ _0\"></span>G B<span class=\"_ _0\"></span>uy &amp; M<span class=\"_ _0\"></span>ain<span class=\"_ _0\"></span>tai<span class=\"_ _0\"></span>n Cre<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t Fun<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x171f y47dd w5b2 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws141\">Lux<span class=\"_ _1\"></span>embourg<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16f1 y47dd w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16f2 y47dd w50a h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls74 ws79\">9<span class=\"_ _3\"></span>7.<span class=\"_ _3\"></span>8<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47de w5cc h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L&amp;<span class=\"_ _0\"></span>G C<span class=\"_ _0\"></span>lim<span class=\"_ _0\"></span>ate Act<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n Gl<span class=\"_ _0\"></span>oba<span class=\"_ _0\"></span>l Equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y Fu<span class=\"_ _0\"></span>nd<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1713 y47de w5cd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws141\">Lux<span class=\"_ _1\"></span>embourg<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x171a y47de w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16b6 y47de w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47df w5ce h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L&amp;<span class=\"_ _0\"></span>G C<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y In<span class=\"_ _0\"></span>dex Fu<span class=\"_ _0\"></span>nd<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1720 y47df w5ae h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws141\">Luxembourg<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1721 y47df w4e6 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1722 y47df w5cf h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls74 ws79\">6<span class=\"_ _0\"></span>7.<span class=\"_ _3\"></span>9<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47e0 w5d0 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L&amp;<span class=\"_ _0\"></span>G E<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>rgi<span class=\"_ _0\"></span>ng M<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>kets Hi<span class=\"_ _0\"></span>gh Y<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>ld B<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>d Fun<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x6c6 y47e0 w5ac h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws141\">Luxembourg<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1711 y47e0 w4e0 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16b2 y47e0 w5d1 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">98.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47e1 w5d2 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L&amp;<span class=\"_ _0\"></span>G E<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>rgi<span class=\"_ _0\"></span>ng M<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>kets Inv<span class=\"_ _0\"></span>est<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt G<span class=\"_ _0\"></span>rad<span class=\"_ _0\"></span>e Ha<span class=\"_ _0\"></span>rd Cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>y C<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>rate B<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>d Fun<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x15f3 y47e1 w5ae h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws141\">Luxembourg<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1723 y47e1 w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16c5 y47e1 w505 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls1a6 ws1e0\">6<span class=\"_ _0\"></span>8<span class=\"_ _3\"></span>.9<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47e2 w5d3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L&amp;<span class=\"_ _0\"></span>G Eu<span class=\"_ _0\"></span>ro Hi<span class=\"_ _0\"></span>gh Y<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>ld B<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>d Fun<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1679 y47e2 w5ac h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws141\">Luxembourg<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x165a y47e2 w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x165b y47e2 w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47e3 w5d4 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">L&amp;G Global Divers<span class=\"_ _1\"></span>ified Credit F<span class=\"_ _1\"></span>und<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x16f5 y47e3 w5ac h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws141\">Luxembourg<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1724 y47e3 w514 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1651 y47e3 w508 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls1a6 ws1e0\">5<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>.9<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47e4 w5d5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L&amp;<span class=\"_ _0\"></span>G N<span class=\"_ _0\"></span>et Ze<span class=\"_ _0\"></span>ro Gl<span class=\"_ _0\"></span>ob<span class=\"_ _0\"></span>al C<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>rate B<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>nd Fun<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1646 y47e4 w5ae h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws141\">Luxembourg<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x61a y47e4 w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1699 y47e4 w58e h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">58<span class=\"_ _0\"></span>.4<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47e5 w5d6 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L&amp;<span class=\"_ _0\"></span>G N<span class=\"_ _0\"></span>et Ze<span class=\"_ _0\"></span>ro S<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t D<span class=\"_ _0\"></span>ated C<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>te Bo<span class=\"_ _0\"></span>nd Fu<span class=\"_ _0\"></span>nd<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1542 y47e5 w5ae h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws141\">Luxembourg<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x169d y47e5 w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x167f y47e5 w50a h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls74 ws79\">9<span class=\"_ _3\"></span>7.<span class=\"_ _3\"></span>4<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47e6 w5d7 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L&amp;<span class=\"_ _0\"></span>G U<span class=\"_ _0\"></span>K C<span class=\"_ _0\"></span>ore P<span class=\"_ _0\"></span>lus B<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>d Fun<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x168a y47e6 w5ae h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws141\">Luxembourg<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1712 y47e6 w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16fe y47e6 w4da h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47e7 w5d8 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L&amp;<span class=\"_ _0\"></span>G U<span class=\"_ _0\"></span>S Hi<span class=\"_ _0\"></span>gh Y<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>ld B<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>d Fun<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1690 y47e7 w5ae h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws141\">Luxembourg<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16d5 y47e7 w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16d6 y47e7 w5d9 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 lsb8 ws9f\">99.6<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47e8 w5da h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L&amp;<span class=\"_ _0\"></span>G U<span class=\"_ _0\"></span>S S<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d Fun<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x16ff y47e8 w5ae h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws141\">Luxembourg<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb9d y47e8 w4cb h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1725 y47e8 w4cf h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47e9 w5db h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L&amp;<span class=\"_ _0\"></span>G U<span class=\"_ _0\"></span>S S<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d Plu<span class=\"_ _0\"></span>s Fun<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1674 y47e9 w5ae h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws141\">Luxembourg<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1633 y47e9 w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x166b y47e9 w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 h13 y47ea ff6 fs9 fc1 sc0 ls18 ws32\">28 Es<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>e, S<span class=\"_ _0\"></span>t. He<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>r, Jer<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>y, JE2 3Q<span class=\"_ _0\"></span>A<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4769 w5dc h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">30<span class=\"_ _3\"></span>-3<span class=\"_ _0\"></span>1 Go<span class=\"_ _0\"></span>lde<span class=\"_ _0\"></span>n S<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>are U<span class=\"_ _0\"></span>T<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1635 y4769 w5aa h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">Jersey<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1668 y4769 w507 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws1bc\">Unit<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1726 y4769 w4cf h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr></table><table class=\"s w4bc h1cd\" id=\"_4ca93b9a-d046-48b8-a7c6-efe146301e93\"><tr><td></td><td></td><td></td><td></td><td class=\"t m0 x1630 h13 y47eb ff5 fs9 fc1 sc0 ls18 ws0\">% of e<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x274 h13 y47ec ff5 fs9 fc1 sc0 ls3d ws86\">Country of<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m0 x1630 h13 y47ec ff5 fs9 fc1 sc0 ls38 ws3b\">shares held<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 h13 y47ed ff5 fs9 fc1 sc0 ls14a ws163\">Company n<span class=\"_ _1\"></span>ame<span class=\"_ _3b2\"> </span></td><td></td><td class=\"c n x1506 y47ee w4bd h12b\"><div class=\"t m0 x1ca h13 y40ef ff5 fs9 fc1 sc0 ls14a ws164\">incorporation<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1631 y47ee w4be h12b\"><div class=\"t m0 x1ca h13 y40ef ff5 fs9 fc1 sc0 ls38 ws3b\">Share class<span class=\"_ _3b2\"> </span></div></td><td class=\"t m0 x1630 h13 y47ed ff5 fs9 fc1 sc0 ls18 ws0\">by t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>p<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y47ef w5dd h12b\"><div class=\"t m0 x1ca h13 y40ef ff6 fs9 fc1 sc0 ls18 ws32\">32<span class=\"_ _0\"></span>75<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1727 y47ef w5de h12b\"><div class=\"t m0 x1ca h13 y40ef ff6 fs9 fc1 sc0 ls18 ws32\">Ben<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>t Cr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ek Ave<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>, Fre<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ck<span class=\"_ _0\"></span>, M<span class=\"_ _0\"></span>D 21<span class=\"_ _1\"></span>70<span class=\"_ _0\"></span>4, Un<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d St<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y476f w5df h118\" colspan=\"2\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">Banner Life Insurance Company<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x168d y476f w258 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls52 ws12a\">USA<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8f0 y476f w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1676 y476f w4cc h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 h13 y47f0 ff6 fs9 fc1 sc0 ls18 ws32\" colspan=\"2\">33 Si<span class=\"_ _0\"></span>r Jo<span class=\"_ _0\"></span>hn Ro<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>so<span class=\"_ _0\"></span>n\u2019s Qu<span class=\"_ _0\"></span>ay, Dub<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>n 2<span class=\"_ _0\"></span>, Ire<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d, D<span class=\"_ _0\"></span>02 X<span class=\"_ _0\"></span>K09<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4771 w5e0 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 lsea ws27\">Euro Liquidity Fund<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1719 y4771 w278 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x171a y4771 w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16b6 y4771 w5e1 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls1a5 ws1df\">5<span class=\"_ _0\"></span>1.<span class=\"_ _0\"></span>4<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4772 w5e2 h118\" colspan=\"2\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L&amp;<span class=\"_ _0\"></span>G E<span class=\"_ _0\"></span>SG G<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>bal H<span class=\"_ _0\"></span>ig<span class=\"_ _0\"></span>h Yi<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>d Bo<span class=\"_ _0\"></span>nd I<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>ex Fun<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16e1 y4772 w5bd h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16dc y4772 w521 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16ef y4772 w5e3 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 lsc5 ws1de\">4<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.7<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47f1 w5e4 h118\" colspan=\"2\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L&amp;<span class=\"_ _0\"></span>G Fro<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>er M<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>kets Eq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y Fund<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1728 y47f1 w278 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1729 y47f1 w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x171d y47f1 w5e5 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 lsc5 ws1de\">42<span class=\"_ _0\"></span>.7<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4774 w5e6 h118\" colspan=\"2\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L&amp;<span class=\"_ _0\"></span>G Fu<span class=\"_ _0\"></span>tur<span class=\"_ _0\"></span>e Worl<span class=\"_ _0\"></span>d ES<span class=\"_ _0\"></span>G E<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>rgi<span class=\"_ _0\"></span>ng M<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>kets G<span class=\"_ _0\"></span>over<span class=\"_ _0\"></span>nm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t Bo<span class=\"_ _0\"></span>nd U<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>D In<span class=\"_ _0\"></span>dex Fu<span class=\"_ _0\"></span>nd<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16c8 y4774 w278 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1710 y4774 w4e6 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1653 y4774 w4cc h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4775 w5e7 h118\" colspan=\"2\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L&amp;<span class=\"_ _0\"></span>G Fu<span class=\"_ _0\"></span>tur<span class=\"_ _0\"></span>e Worl<span class=\"_ _0\"></span>d Gl<span class=\"_ _0\"></span>ob<span class=\"_ _0\"></span>al Cr<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>it Fun<span class=\"_ _0\"></span>d \u2013 U<span class=\"_ _0\"></span>K<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16ac y4775 w278 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x172a y4775 w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16d0 y4775 w4c2 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47f2 w5e8 h118\" colspan=\"2\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L&amp;<span class=\"_ _0\"></span>G Fu<span class=\"_ _0\"></span>tur<span class=\"_ _0\"></span>e Worl<span class=\"_ _0\"></span>d Ne<span class=\"_ _0\"></span>t Ze<span class=\"_ _0\"></span>ro Mat<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ing B<span class=\"_ _0\"></span>uy &amp; M<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>ntai<span class=\"_ _0\"></span>n Fun<span class=\"_ _0\"></span>d 23<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x172b y47f2 w278 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x164d y47f2 w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16ba y47f2 w4c2 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4777 w5e9 h118\" colspan=\"2\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L&amp;<span class=\"_ _0\"></span>G Fu<span class=\"_ _0\"></span>tur<span class=\"_ _0\"></span>e Worl<span class=\"_ _0\"></span>d Ne<span class=\"_ _0\"></span>t Ze<span class=\"_ _0\"></span>ro Mat<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ing B<span class=\"_ _0\"></span>uy &amp; M<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>ntai<span class=\"_ _0\"></span>n Fun<span class=\"_ _0\"></span>d 3<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>42<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1542 y4777 w5bd h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16fc y4777 w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x169e y4777 w4c2 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4778 w5ea h118\" colspan=\"2\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">L&amp;G Global Gov<span class=\"_ _1\"></span>ernment Bond Fund<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16fd y4778 w278 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16c1 y4778 w521 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x164e y4778 w4de h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4779 w5eb h118\" colspan=\"2\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L&amp;<span class=\"_ _0\"></span>G N<span class=\"_ _0\"></span>et Ze<span class=\"_ _0\"></span>ro S<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>rli<span class=\"_ _0\"></span>ng C<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>te Bo<span class=\"_ _0\"></span>nd Fu<span class=\"_ _0\"></span>nd<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1679 y4779 w278 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x172c y4779 w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1634 y4779 w4c2 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y477a w5ec h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>25<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x172d y477a w5ed h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Fi<span class=\"_ _0\"></span>xed Fu<span class=\"_ _0\"></span>nd<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16e4 y477a w278 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1710 y477a w4e6 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1653 y477a w4cc h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y477b w5ec h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>25<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x172d y477b w5ee h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Inf<span class=\"_ _0\"></span>lat<span class=\"_ _0\"></span>ion Fu<span class=\"_ _0\"></span>nd<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x172e y477b w278 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x172f y477b w4e0 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16a2 y477b w4c2 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y477c w5ec h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>25<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x172d y477c w5ef h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Rea<span class=\"_ _0\"></span>l Fund<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1635 y477c w278 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x652 y477c w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1730 y477c w4cc h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47f3 w5ec h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>30<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x172d y47f3 w5f0 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">F<span class=\"_ _0\"></span>ixe<span class=\"_ _0\"></span>d Fun<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1659 y47f3 w278 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa29 y47f3 w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1653 y47f3 w4cc h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y477e w5ec h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>30<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x172d y477e w5f1 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">I<span class=\"_ _0\"></span>nfl<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on Fu<span class=\"_ _0\"></span>nd<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1667 y477e w278 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15e1 y477e w514 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1662 y477e w4da h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y477f w5ec h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>30<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x172d y477f w5f2 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L<span class=\"_ _0\"></span>eve<span class=\"_ _0\"></span>rag<span class=\"_ _0\"></span>ed I<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>ex Li<span class=\"_ _0\"></span>nke<span class=\"_ _0\"></span>d Gil<span class=\"_ _0\"></span>t Fun<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16de y477f w5bd h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1712 y477f w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16fe y477f w4da h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47f4 w5ec h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>30<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x172d y47f4 w5f3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">R<span class=\"_ _0\"></span>eal Fu<span class=\"_ _0\"></span>nd<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1731 y47f4 w278 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x642 y47f4 w4e0 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1717 y47f4 w4da h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4781 w5f4 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>4<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1732 y4781 w5f5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leve<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>d Gil<span class=\"_ _0\"></span>t Fun<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1703 y4781 w5bd h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1723 y4781 w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16c5 y4781 w4c2 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4782 w5f4 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>4<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1732 y4782 w5f6 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leve<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>d Ind<span class=\"_ _0\"></span>ex L<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>ked Gi<span class=\"_ _0\"></span>lt Fu<span class=\"_ _0\"></span>nd<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16de y4782 w5bd h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1712 y4782 w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16fe y4782 w4da h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47f5 w5ec h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>35<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x172d y47f5 w5ed h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">F<span class=\"_ _0\"></span>ixe<span class=\"_ _0\"></span>d Fund<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16e4 y47f5 w278 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1710 y47f5 w4e6 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1653 y47f5 w4cc h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4784 w5ec h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>35<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x172d y4784 w5f7 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Inf<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n Fun<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16f5 y4784 w278 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16a4 y4784 w4e6 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16d6 y4784 w4cc h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4785 w5ec h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>35<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x172d y4785 w5f8 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Re<span class=\"_ _0\"></span>al Fun<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1646 y4785 w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1eb y4785 w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1733 y4785 w4cc h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47f6 w5ec h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>37<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x172d y47f6 w5f6 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Le<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>d In<span class=\"_ _0\"></span>dex L<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>ked G<span class=\"_ _0\"></span>ilt Fu<span class=\"_ _0\"></span>nd<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16a9 y47f6 w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x165a y47f6 w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x165b y47f6 w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4787 w5ec h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>38<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x172d y4787 w5f5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L<span class=\"_ _0\"></span>eve<span class=\"_ _0\"></span>rag<span class=\"_ _0\"></span>ed G<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>t Fund<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x172e y4787 w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x172f y4787 w4e0 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16a2 y4787 w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4788 w5f4 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1732 y4788 w5f9 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">F<span class=\"_ _0\"></span>ixe<span class=\"_ _0\"></span>d Fund<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1659 y4788 w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa29 y4788 w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1653 y4788 w4cc h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47f7 w5f4 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1732 y47f7 w5fa h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Inf<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n Fun<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1680 y47f7 w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x166c y47f7 w514 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1655 y47f7 w4da h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y478a w5f4 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1732 y478a w5fb h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Le<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>ed In<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>x Li<span class=\"_ _0\"></span>nked G<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>t Fund<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1706 y478a w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1734 y478a w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16b4 y478a w4cc h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y478b w5f4 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1732 y478b w5f8 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Re<span class=\"_ _0\"></span>al Fun<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1646 y478b w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1eb y478b w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1733 y478b w4cc h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47f8 w5ec h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>42<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x172d y47f8 w5fc h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Lev<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>d Gil<span class=\"_ _0\"></span>t Fun<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1679 y47f8 w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x172c y47f8 w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1634 y47f8 w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y478d w5ec h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>42<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x172d y478d w5fb h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Lev<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>d In<span class=\"_ _0\"></span>dex L<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>ked Gi<span class=\"_ _0\"></span>lt Fu<span class=\"_ _0\"></span>nd<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1683 y478d w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1735 y478d w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x167d y478d w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y478e w5f4 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>5<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1732 y478e w5f9 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Fi<span class=\"_ _0\"></span>xed Fu<span class=\"_ _0\"></span>nd<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1659 y478e w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa29 y478e w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1653 y478e w4cc h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y478f w5f4 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>5<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1732 y478f w5ee h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Inf<span class=\"_ _0\"></span>lat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n Fund<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1667 y478f w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15e1 y478f w514 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1662 y478f w4da h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4790 w5f4 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>5<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1732 y4790 w5fc h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Lev<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>d Gil<span class=\"_ _0\"></span>t Fun<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1736 y4790 w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16c4 y4790 w4e0 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16e3 y4790 w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4791 w5f4 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>5<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1732 y4791 w5fd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Rea<span class=\"_ _0\"></span>l Fun<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1635 y4791 w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x652 y4791 w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1730 y4791 w4cc h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4792 w5ec h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>47<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x172d y4792 w5f6 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Le<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>d In<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>x Lin<span class=\"_ _0\"></span>ked G<span class=\"_ _0\"></span>ilt Fu<span class=\"_ _0\"></span>nd<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16a9 y4792 w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x165a y4792 w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x165b y4792 w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47f9 w5ec h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>49<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x172d y47f9 w5fc h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Le<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>d Gi<span class=\"_ _0\"></span>lt Fun<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1679 y47f9 w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x172c y47f9 w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1634 y47f9 w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4794 w5ec h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM 2<span class=\"_ _0\"></span>05<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x172d y4794 w5ed h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">F<span class=\"_ _0\"></span>ixe<span class=\"_ _0\"></span>d Fund<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16e4 y4794 w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1710 y4794 w4e6 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1653 y4794 w4cc h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4795 w5ec h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM 2<span class=\"_ _0\"></span>05<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x172d y4795 w5f7 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Inf<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n Fun<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16f5 y4795 w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16a4 y4795 w4e6 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16d6 y4795 w4cc h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47fa w5ec h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM 2<span class=\"_ _0\"></span>05<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x172d y47fa w5fb h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Le<span class=\"_ _0\"></span>ver<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>ed In<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>x Li<span class=\"_ _0\"></span>nked G<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>t Fund<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1683 y47fa w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1735 y47fa w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x167d y47fa w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4797 w5ec h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM 2<span class=\"_ _0\"></span>05<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x172d y4797 w5f8 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Re<span class=\"_ _0\"></span>al Fun<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1646 y4797 w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1eb y4797 w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1733 y4797 w4cc h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4798 w5ec h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM 2<span class=\"_ _0\"></span>05<span class=\"_ _0\"></span>5<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x172d y4798 w5ed h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Fi<span class=\"_ _0\"></span>xed Fu<span class=\"_ _0\"></span>nd<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16e4 y4798 w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1710 y4798 w4e6 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1653 y4798 w4cc h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47fb w5ec h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM 2<span class=\"_ _0\"></span>05<span class=\"_ _0\"></span>5<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x172d y47fb w5fc h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Lev<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>d Gil<span class=\"_ _0\"></span>t Fun<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1679 y47fb w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x172c y47fb w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1634 y47fb w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y479a w5ec h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM 2<span class=\"_ _0\"></span>05<span class=\"_ _0\"></span>5<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x172d y479a w5fb h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Lev<span class=\"_ _0\"></span>era<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>d In<span class=\"_ _0\"></span>dex L<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>ked Gi<span class=\"_ _0\"></span>lt Fu<span class=\"_ _0\"></span>nd<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1683 y479a w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1735 y479a w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x167d y479a w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y479b w5ec h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM 2<span class=\"_ _0\"></span>05<span class=\"_ _0\"></span>5<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x172d y479b w5fd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Rea<span class=\"_ _0\"></span>l Fun<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1635 y479b w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x652 y479b w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1730 y479b w4cc h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47fc w5ec h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>60<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x172d y47fc w5f0 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">F<span class=\"_ _0\"></span>ixe<span class=\"_ _0\"></span>d Fun<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1659 y47fc w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa29 y47fc w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1653 y47fc w4cc h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y479d w5ec h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>60<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x172d y479d w5fe h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">I<span class=\"_ _0\"></span>nf<span class=\"_ _0\"></span>lati<span class=\"_ _0\"></span>on Fu<span class=\"_ _0\"></span>nd<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1737 y479d w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1657 y479d w4e6 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1658 y479d w4cc h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y479e w5ec h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>60<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x172d y479e w5f5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L<span class=\"_ _0\"></span>eve<span class=\"_ _0\"></span>rag<span class=\"_ _0\"></span>ed G<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>t Fund<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x172e y479e w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x172f y479e w4e0 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16a2 y479e w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47fd w5ec h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>60<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x172d y47fd w5f3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">R<span class=\"_ _0\"></span>eal Fu<span class=\"_ _0\"></span>nd<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1731 y47fd w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x642 y47fd w4e0 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1717 y47fd w4da h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47a0 w5ec h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>62<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x172d y47a0 w5f6 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leve<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>d Ind<span class=\"_ _0\"></span>ex L<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>ked Gi<span class=\"_ _0\"></span>lt Fu<span class=\"_ _0\"></span>nd<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16a9 y47a0 w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x165a y47a0 w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x165b y47a0 w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47a1 w5f4 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>8<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1732 y47a1 w5f5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leve<span class=\"_ _0\"></span>rag<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d Gil<span class=\"_ _0\"></span>t Fun<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1703 y47a1 w5bd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1723 y47a1 w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16c5 y47a1 w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47a2 w5f4 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>8<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1732 y47a2 w5f6 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leve<span class=\"_ _0\"></span>rag<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d Ind<span class=\"_ _0\"></span>ex L<span class=\"_ _0\"></span>inke<span class=\"_ _0\"></span>d Gil<span class=\"_ _0\"></span>t Fun<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16de y47a2 w5bd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1712 y47a2 w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16fe y47a2 w4da h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47a3 w5ff h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM 2<span class=\"_ _0\"></span>073<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1738 y47a3 w600 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L<span class=\"_ _0\"></span>eve<span class=\"_ _0\"></span>rag<span class=\"_ _0\"></span>ed G<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>t Fund<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x172e y47a3 w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x172f y47a3 w4e0 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16a2 y47a3 w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47a4 w5ff h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM 2<span class=\"_ _0\"></span>073<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1738 y47a4 w601 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L<span class=\"_ _0\"></span>eve<span class=\"_ _0\"></span>rag<span class=\"_ _0\"></span>ed I<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>ex L<span class=\"_ _0\"></span>inke<span class=\"_ _0\"></span>d Gil<span class=\"_ _0\"></span>t Fun<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16a9 y47a4 w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x165a y47a4 w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x165b y47a4 w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47a5 w602 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM B<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>ke Fun<span class=\"_ _0\"></span>d 1<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1739 y47a5 w5bd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1657 y47a5 w4e6 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1658 y47a5 w603 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47fe w604 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM C<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>dit a<span class=\"_ _0\"></span>nd L<span class=\"_ _0\"></span>iqu<span class=\"_ _0\"></span>idi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y \u2013 Fun<span class=\"_ _0\"></span>d BM<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x169c y47fe w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5da y47fe w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16bf y47fe w4cc h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47a7 w605 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM C<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>dit a<span class=\"_ _0\"></span>nd L<span class=\"_ _0\"></span>iqu<span class=\"_ _0\"></span>idi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y \u2013 Fun<span class=\"_ _0\"></span>d BN<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1692 y47a7 w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16ec y47a7 w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1669 y47a7 w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47a8 w606 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM E<span class=\"_ _0\"></span>uro 2<span class=\"_ _0\"></span>03<span class=\"_ _0\"></span>0 Re<span class=\"_ _0\"></span>al Fu<span class=\"_ _0\"></span>nd<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1663 y47a8 w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16c4 y47a8 w4e0 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16e3 y47a8 w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47ff w607 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM F<span class=\"_ _0\"></span>ixe<span class=\"_ _0\"></span>d Lo<span class=\"_ _0\"></span>ng D<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n Fun<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x169c y47ff w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5da y47ff w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16bf y47ff w4cc h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47aa w608 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM F<span class=\"_ _0\"></span>ixe<span class=\"_ _0\"></span>d S<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t D<span class=\"_ _0\"></span>ura<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n Fun<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x16af y47aa w5bd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x173a y47aa w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1637 y47aa w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47ab w609 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM H<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>ng Fun<span class=\"_ _0\"></span>d AC<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x16f0 y47ab w5bd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7ab y47ab w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16c7 y47ab w4da h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4800 w60a h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM H<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>ng Fun<span class=\"_ _0\"></span>d A<span class=\"_ _0\"></span>I<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x6c6 y4800 w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x173b y4800 w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x173c y4800 w4cc h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47ad w60b h176\"><div class=\"t m0 x1ca hc y445f ff3 fs6 fc1 sc0 ls56 ws0\">LGIM H<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>ng Fun<span class=\"_ _0\"></span>d AO<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x173d y47ad w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x173e y47ad w4d3 h176\"><div class=\"t m0 x1ca hc y445f ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16a6 y47ad w4cf h175\"><div class=\"t m0 x1ca hc y445f ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47ae w60c h176\"><div class=\"t m0 x1ca hc y445f ff3 fs6 fc1 sc0 ls56 ws0\">LGIM H<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>ng Fun<span class=\"_ _0\"></span>d A<span class=\"_ _0\"></span>R<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x173f y47ae w5bd h176\"><div class=\"t m0 x1ca hc y445f ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1695 y47ae w4e6 h176\"><div class=\"t m0 x1ca hc y445f ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1696 y47ae w4cc h175\"><div class=\"t m0 x1ca hc y445f ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4801 w60d h176\"><div class=\"t m0 x1ca hc y445f ff3 fs6 fc1 sc0 ls56 ws0\">LGIM H<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>ng Fun<span class=\"_ _0\"></span>d A<span class=\"_ _0\"></span>S<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x164b y4801 w278 h176\"><div class=\"t m0 x1ca hc y445f ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1723 y4801 w4e3 h176\"><div class=\"t m0 x1ca hc y445f ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16c5 y4801 w4c2 h175\"><div class=\"t m0 x1ca hc y445f ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w60e h176\"><div class=\"t m0 x1ca hc y445f ff3 fs6 fc1 sc0 ls56 ws0\">LGIM H<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>ng Fun<span class=\"_ _0\"></span>d A<span class=\"_ _1\"></span>T<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1646 y40ae w278 h176\"><div class=\"t m0 x1ca hc y445f ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1eb y40ae w4e3 h176\"><div class=\"t m0 x1ca hc y445f ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1733 y40ae w4cc h175\"><div class=\"t m0 x1ca hc y445f ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr></table><table class=\"s w4bc h1ce\" id=\"_c184c7b5-6859-4475-942e-14b0ed439f14\"><tr><td></td><td></td><td></td><td></td><td class=\"t m0 x1630 h13 y4802 ff5 fs9 fc1 sc0 ls18 ws0\">% of e<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x274 h13 y4803 ff5 fs9 fc1 sc0 ls3d ws86\">Country of<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m0 x1630 h13 y4803 ff5 fs9 fc1 sc0 ls38 ws3b\">shares held<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 h13 y4804 ff5 fs9 fc1 sc0 ls14a ws163\">Company n<span class=\"_ _1\"></span>ame<span class=\"_ _3b2\"> </span></td><td></td><td class=\"c n x1506 y4805 w4bd h12b\"><div class=\"t m0 x1ca h13 y40ef ff5 fs9 fc1 sc0 ls14a ws164\">incorporation<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1631 y4805 w4be h12b\"><div class=\"t m0 x1ca h13 y40ef ff5 fs9 fc1 sc0 ls38 ws3b\">Share class<span class=\"_ _3b2\"> </span></div></td><td class=\"t m0 x1630 h13 y4804 ff5 fs9 fc1 sc0 ls18 ws0\">by t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>p<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y4806 w60f h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls56 ws0\">LGIM H<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>ng Fun<span class=\"_ _0\"></span>d AW<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1737 y4806 w278 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1657 y4806 w4e6 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1658 y4806 w4cc h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4807 w610 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls56 ws0\">LGIM H<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>ng Fun<span class=\"_ _0\"></span>d A<span class=\"_ _0\"></span>Z<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1647 y4807 w278 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1740 y4807 w4e3 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16ab y4807 w4c2 h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4808 w611 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls56 ws0\">LGIM H<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>ng Fun<span class=\"_ _0\"></span>d BB<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x15df y4808 w278 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1741 y4808 w4e3 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16ae y4808 w4cc h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4809 w612 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls56 ws0\">LGIM H<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>ng Fun<span class=\"_ _0\"></span>d BG<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x16a0 y4809 w278 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1724 y4809 w514 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1651 y4809 w4da h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y480a w613 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls56 ws0\">LGIM H<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>ng Fun<span class=\"_ _0\"></span>d B<span class=\"_ _0\"></span>J<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x173f y480a w5bd h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1695 y480a w4e6 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1696 y480a w4cc h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y480b w614 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM H<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>ng Fun<span class=\"_ _0\"></span>d BL<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x6fa y480b w278 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x171e y480b w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xab4 y480b w4cc h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y480c w615 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM H<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>ng Fun<span class=\"_ _0\"></span>d BT<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x15e8 y480c w278 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16b5 y480c w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1643 y480c w4c2 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y480d w616 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">LGIM He<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>ing Fun<span class=\"_ _0\"></span>d BV<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1663 y480d w278 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16c4 y480d w4e0 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16e3 y480d w4c2 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y480e w617 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM H<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>ng Fun<span class=\"_ _0\"></span>d C<span class=\"_ _0\"></span>J<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x15ed y480e w618 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Irelan<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1714 y480e w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1715 y480e w4cc h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y480f w619 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM H<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>ng Fun<span class=\"_ _0\"></span>d CK<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x168d y480f w278 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1695 y480f w4e6 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1696 y480f w4cc h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4810 w61a h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM H<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>ng Fun<span class=\"_ _0\"></span>d CL<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x169c y4810 w278 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5da y4810 w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16bf y4810 w4cc h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4811 w61b h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM H<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>ng Fun<span class=\"_ _0\"></span>d D<span class=\"_ _0\"></span>C<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1742 y4811 w5bd h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x173e y4811 w4d3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16a6 y4811 w4cf h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4812 w61c h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM H<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>ng Fun<span class=\"_ _0\"></span>d D<span class=\"_ _0\"></span>J<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1667 y4812 w278 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15e1 y4812 w514 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1662 y4812 w4da h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4813 w3b4 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM H<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>ng Fun<span class=\"_ _0\"></span>d DK<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x16fd y4813 w278 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16c1 y4813 w521 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x164e y4813 w4de h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4814 w61d h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM H<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>ng Fun<span class=\"_ _0\"></span>d D<span class=\"_ _0\"></span>O<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x16fb y4814 w278 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x616 y4814 w4e0 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16da y4814 w4da h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4815 w61e h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM H<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>ng Fun<span class=\"_ _0\"></span>d L<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x16cd y4815 w5bd h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x172a y4815 w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16d0 y4815 w4c2 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4816 w61f h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM H<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>ng Fun<span class=\"_ _0\"></span>d O<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x6fa y4816 w278 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x171e y4816 w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xab4 y4816 w4cc h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4817 w61f h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM H<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>ng Fun<span class=\"_ _0\"></span>d Q<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x6fa y4817 w278 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x171e y4817 w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xab4 y4817 w4cc h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4818 w620 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM H<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>ng Fun<span class=\"_ _0\"></span>d W<span class=\"_ _0\"></span>H<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x16fb y4818 w278 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x616 y4818 w4e0 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16da y4818 w4da h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4819 w621 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM H<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>ng Fun<span class=\"_ _0\"></span>d W<span class=\"_ _0\"></span>S<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x16d1 y4819 w278 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1671 y4819 w4d3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1677 y4819 w4cf h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y481a w622 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM H<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>ng Fun<span class=\"_ _0\"></span>d W<span class=\"_ _0\"></span>T<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1692 y481a w278 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16ec y481a w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1669 y481a w4c2 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y481b w623 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM H<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>ng Fun<span class=\"_ _0\"></span>d Z<span class=\"_ _0\"></span>Z<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x16c3 y481b w278 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1fa y481b w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1722 y481b w4cc h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y481c w624 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws54\">LGIM Le<span class=\"_ _1\"></span>veraged Synthetic Equity Fund<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1635 y481c w278 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x652 y481c w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1730 y481c w4cc h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y481d w625 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM L<span class=\"_ _0\"></span>eve<span class=\"_ _0\"></span>rag<span class=\"_ _0\"></span>ed S<span class=\"_ _3\"></span>ynth<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ic Eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y Fu<span class=\"_ _0\"></span>nd \u2013 G<span class=\"_ _0\"></span>BP C<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>ncy H<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>ed Fu<span class=\"_ _0\"></span>nd<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1697 y481d w278 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1716 y481d w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x163a y481d w4c2 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y481e w626 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM M<span class=\"_ _0\"></span>atu<span class=\"_ _0\"></span>rin<span class=\"_ _0\"></span>g Bu<span class=\"_ _0\"></span>y &amp; M<span class=\"_ _0\"></span>aint<span class=\"_ _0\"></span>ain C<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t Fund 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>20<span class=\"_ _3\"></span>-20<span class=\"_ _0\"></span>24<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1743 y481e w627 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ir<span class=\"_ _1\"></span>eland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1744 y481e w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1686 y481e w4c2 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y481f w628 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM M<span class=\"_ _0\"></span>atu<span class=\"_ _0\"></span>rin<span class=\"_ _0\"></span>g Bu<span class=\"_ _0\"></span>y &amp; M<span class=\"_ _0\"></span>aint<span class=\"_ _0\"></span>ain C<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t Fund 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>25<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>20<span class=\"_ _0\"></span>29<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x16ce y481f w5bd h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16b5 y481f w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1643 y481f w4c2 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4820 w629 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM M<span class=\"_ _0\"></span>atu<span class=\"_ _0\"></span>rin<span class=\"_ _0\"></span>g Bu<span class=\"_ _0\"></span>y &amp; M<span class=\"_ _0\"></span>aint<span class=\"_ _0\"></span>ain C<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t Fund 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>30<span class=\"_ _3\"></span>-2<span class=\"_ _0\"></span>03<span class=\"_ _0\"></span>4<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1697 y4820 w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1716 y4820 w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x163a y4820 w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4821 w629 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM M<span class=\"_ _0\"></span>atu<span class=\"_ _0\"></span>rin<span class=\"_ _0\"></span>g Bu<span class=\"_ _0\"></span>y &amp; M<span class=\"_ _0\"></span>aint<span class=\"_ _0\"></span>ain C<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t Fund 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>35<span class=\"_ _3\"></span>-20<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>9<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1697 y4821 w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1716 y4821 w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x163a y4821 w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4822 w62a h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM M<span class=\"_ _0\"></span>atu<span class=\"_ _0\"></span>rin<span class=\"_ _0\"></span>g Bu<span class=\"_ _0\"></span>y &amp; M<span class=\"_ _0\"></span>aint<span class=\"_ _0\"></span>ain C<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t Fund 2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>-20<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>4<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1647 y4822 w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1740 y4822 w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16ab y4822 w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4823 w62b h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM Re<span class=\"_ _0\"></span>al L<span class=\"_ _0\"></span>ong D<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on Fu<span class=\"_ _0\"></span>nd<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1739 y4823 w5bd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1657 y4823 w4e6 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1658 y4823 w4cc h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4824 w62c h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM Re<span class=\"_ _0\"></span>al S<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t D<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on Fun<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x169c y4824 w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5da y4824 w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16bf y4824 w4cc h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4825 w62d h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM S<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns Fun<span class=\"_ _0\"></span>d AO<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x16fb y4825 w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x616 y4825 w4e0 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16da y4825 w4da h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4826 w62e h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM S<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns Fun<span class=\"_ _0\"></span>d B<span class=\"_ _0\"></span>B<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x169c y4826 w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5da y4826 w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16bf y4826 w4cc h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4827 w62f h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM S<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns Fun<span class=\"_ _0\"></span>d B<span class=\"_ _0\"></span>K<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1542 y4827 w5bd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16fc y4827 w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x169e y4827 w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4828 w630 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM S<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns Fun<span class=\"_ _0\"></span>d BW<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x16e7 y4828 w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16a4 y4828 w4e6 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16d6 y4828 w4cc h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4829 w631 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM S<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns Fun<span class=\"_ _0\"></span>d CA<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1667 y4829 w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15e1 y4829 w4d3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x168f y4829 w4cf h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y482a w632 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM S<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns Fun<span class=\"_ _0\"></span>d C<span class=\"_ _0\"></span>B<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x16c0 y482a w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1711 y482a w4e0 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16b2 y482a w4da h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y482b w633 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM S<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns Fun<span class=\"_ _0\"></span>d C<span class=\"_ _0\"></span>C<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x16ac y482b w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x172a y482b w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16d0 y482b w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y482c w634 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM S<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns Fun<span class=\"_ _0\"></span>d C<span class=\"_ _0\"></span>F<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x172e y482c w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x172f y482c w4e0 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16a2 y482c w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y482d w635 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM S<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns Fun<span class=\"_ _0\"></span>d C<span class=\"_ _0\"></span>G<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1745 y482d w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16ec y482d w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1669 y482d w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y482e w636 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM S<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns Fun<span class=\"_ _0\"></span>d C<span class=\"_ _0\"></span>H<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x15e8 y482e w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16b5 y482e w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1643 y482e w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y482f w637 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM S<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns Fun<span class=\"_ _0\"></span>d C<span class=\"_ _0\"></span>P<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x6fa y482f w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x171e y482f w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xab4 y482f w4cc h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4830 w638 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM S<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns Fun<span class=\"_ _0\"></span>d C<span class=\"_ _0\"></span>Q<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1746 y4830 w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16df y4830 w4d3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16e0 y4830 w4cf h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4831 w639 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM S<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns Fun<span class=\"_ _0\"></span>d C<span class=\"_ _0\"></span>S<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x16be y4831 w5bd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16c1 y4831 w521 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x164e y4831 w4de h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4832 w63a h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM S<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns Fun<span class=\"_ _0\"></span>d CT<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1663 y4832 w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16c4 y4832 w4e0 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16e3 y4832 w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4833 w63b h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM S<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns Fun<span class=\"_ _0\"></span>d DB<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x15ed y4833 w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1747 y4833 w4e6 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1715 y4833 w4cc h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4834 w620 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM S<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns Fun<span class=\"_ _0\"></span>d DE<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x16fb y4834 w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x616 y4834 w4e0 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16da y4834 w4da h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4835 w63c h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM S<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns Fun<span class=\"_ _0\"></span>d DF<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x16db y4835 w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15ea y4835 w4e0 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x170f y4835 w4da h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4836 w63d h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM S<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns Fun<span class=\"_ _0\"></span>d DH<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x163e y4836 w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x168b y4836 w4d3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1725 y4836 w4cf h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4837 w63e h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM S<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns Fun<span class=\"_ _0\"></span>d DM<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1641 y4837 w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16f1 y4837 w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16f2 y4837 w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4838 w63f h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM S<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns Fun<span class=\"_ _0\"></span>d DN<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x15d8 y4838 w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1671 y4838 w4d3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1677 y4838 w4cf h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4839 w640 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM S<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns Fun<span class=\"_ _0\"></span>d D<span class=\"_ _0\"></span>Q<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x16a1 y4839 w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x319 y4839 w4e0 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1640 y4839 w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y483a w641 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM S<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns Fun<span class=\"_ _0\"></span>d D<span class=\"_ _0\"></span>R<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x166a y483a w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x169d y483a w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x167f y483a w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y483b w642 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM S<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns Fun<span class=\"_ _0\"></span>d D<span class=\"_ _0\"></span>U<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x6fa y483b w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x171e y483b w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xab4 y483b w4cc h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y483c w643 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">LGIM S<span class=\"_ _0\"></span>olu<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>s Fund DV<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x154f y483c w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1748 y483c w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xab6 y483c w4cc h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y483d w644 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM S<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns Fun<span class=\"_ _0\"></span>d DY<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1697 y483d w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1716 y483d w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x163a y483d w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y483e w645 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM S<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns Fun<span class=\"_ _0\"></span>d DZ<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x16af y483e w5bd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x173a y483e w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1637 y483e w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y483f w646 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM S<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns Fun<span class=\"_ _0\"></span>d E<span class=\"_ _3\"></span>A<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x15e3 y483f w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16ea y483f w4d3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x167f y483f w4cf h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4840 w647 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM S<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns Fun<span class=\"_ _0\"></span>d E<span class=\"_ _0\"></span>B<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x16de y4840 w5bd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1712 y4840 w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16fe y4840 w648 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls10d ws11b\">75.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4841 w649 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM S<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns Fun<span class=\"_ _0\"></span>d E<span class=\"_ _0\"></span>E<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x16fb y4841 w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x616 y4841 w4e0 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16da y4841 w5d1 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4842 w645 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM S<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns Fun<span class=\"_ _0\"></span>d EG<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x16af y4842 w5bd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x173a y4842 w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1637 y4842 w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4843 w64a h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM S<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns Fun<span class=\"_ _0\"></span>d E<span class=\"_ _0\"></span>H<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1652 y4843 w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x166f y4843 w4c8 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1670 y4843 w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4844 w64b h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM S<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns Fun<span class=\"_ _0\"></span>d EI<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x16ca y4844 w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16f1 y4844 w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16f2 y4844 w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4845 w21d h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM S<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns Fun<span class=\"_ _0\"></span>d M<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x16d1 y4845 w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1671 y4845 w4d3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1677 y4845 w4cf h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4846 w64c h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws54\">LGIM Synthetic Lev<span class=\"_ _1\"></span>eraged Credit Fund<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x6fa y4846 w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x171e y4846 w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xab4 y4846 w4cc h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4847 w64d h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">LGIM U<span class=\"_ _0\"></span>nl<span class=\"_ _0\"></span>eve<span class=\"_ _0\"></span>rag<span class=\"_ _0\"></span>ed D<span class=\"_ _0\"></span>efe<span class=\"_ _0\"></span>nsi<span class=\"_ _0\"></span>ve S<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>nth<span class=\"_ _0\"></span>eti<span class=\"_ _0\"></span>c Equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y Fu<span class=\"_ _0\"></span>nd<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x16ce y4847 w5bd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16b5 y4847 w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1643 y4847 w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4848 w379 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 lsea ws27\">Sterling Liquidi<span class=\"_ _0\"></span>ty Fund<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x16fb y4848 w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x616 y4848 w4e0 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16da y4848 w64e h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">4<span class=\"_ _0\"></span>8.4<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4849 w64f h176\"><div class=\"t m0 x1ca hc y445f ff3 fs6 fc1 sc0 ls55 ws59\">Sterling Liquidit<span class=\"_ _0\"></span>y Plus<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x172e y4849 w278 h176\"><div class=\"t m0 x1ca hc y445f ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x172f y4849 w4e0 h176\"><div class=\"t m0 x1ca hc y445f ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16a2 y4849 w650 h175\"><div class=\"t m0 x1ca hc y445f ff4 fs6 fc1 sc0 lsf3 wsfa\">30<span class=\"_ _0\"></span>.6<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y484a w651 h176\"><div class=\"t m0 x1ca hc y445f ff3 fs6 fc1 sc0 ls56 ws0\">US D<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>lar L<span class=\"_ _0\"></span>iq<span class=\"_ _0\"></span>uid<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y Fun<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1644 y484a w5bd h176\"><div class=\"t m0 x1ca hc y445f ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x61a y484a w4e3 h176\"><div class=\"t m0 x1ca hc y445f ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1699 y484a w508 h175\"><div class=\"t m0 x1ca hc y445f ff4 fs6 fc1 sc0 ls1a6 ws1e0\">5<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>.9<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y484c w5dd h1cf\"><div class=\"t m0 x1ca h13 y484b ff6 fs9 fc1 sc0 ls18 ws32\">35<span class=\"_ _0\"></span>00<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1727 y484c w652 h1cf\"><div class=\"t m0 x1ca h13 y484b ff6 fs9 fc1 sc0 ls18 ws32\">S<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h Du<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>nt H<span class=\"_ _0\"></span>ig<span class=\"_ _0\"></span>hwa<span class=\"_ _0\"></span>y, Cit<span class=\"_ _0\"></span>y of Dove<span class=\"_ _0\"></span>r, Cou<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y of Ken<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>, Del<span class=\"_ _0\"></span>aw<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>e, US<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>, 19901<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y40ae w653 h175\"><div class=\"t m0 x1ca hc y445f ff4 fs6 fc1 sc0 ls56 ws55\">Potom<span class=\"_ _0\"></span>ac Ventu<span class=\"_ _0\"></span>res Nu<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 1 Inc<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x164f y40ae w258 h176\"><div class=\"t m0 x1ca hc y445f ff3 fs6 fc1 sc0 ls52 ws12a\">USA<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15ea y40ae w4e0 h176\"><div class=\"t m0 x1ca hc y445f ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x170f y40ae w4da h175\"><div class=\"t m0 x1ca hc y445f ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr></table><table class=\"s w4bc h1d0\" id=\"_966cf3a3-acd2-4d5d-ace4-6a80442727b5\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x1630 h13 y484d ff5 fs9 fc1 sc0 ls18 ws0\">% of e<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x274 h13 y484e ff5 fs9 fc1 sc0 ls3d ws86\">Country of<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m0 x1630 h13 y484e ff5 fs9 fc1 sc0 ls38 ws3b\">shares held<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 h13 y484f ff5 fs9 fc1 sc0 ls14a ws163\">Company n<span class=\"_ _1\"></span>ame<span class=\"_ _3b2\"> </span></td><td></td><td></td><td class=\"c n x1506 y4850 w4bd h12b\"><div class=\"t m0 x1ca h13 y40ef ff5 fs9 fc1 sc0 ls14a ws164\">incorporation<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1631 y4850 w4be h12b\"><div class=\"t m0 x1ca h13 y40ef ff5 fs9 fc1 sc0 ls38 ws3b\">Share class<span class=\"_ _3b2\"> </span></div></td><td class=\"t m0 x1630 h13 y484f ff5 fs9 fc1 sc0 ls18 ws0\">by t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>p<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 h13 y4851 ff6 fs9 fc1 sc0 ls18 ws32\">3r<span class=\"_ _0\"></span>d Flo<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r, 37 Esp<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>e, S<span class=\"_ _0\"></span>t. H<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>r, Jer<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>y, JE1 1AD<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4852 w654 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L&amp;<span class=\"_ _0\"></span>G Af<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rda<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>e Ho<span class=\"_ _0\"></span>usi<span class=\"_ _0\"></span>ng N<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>the<span class=\"_ _0\"></span>rn H<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>dc<span class=\"_ _0\"></span>o Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x16b8 y4852 w5aa h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">Jersey<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16ec y4852 w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1669 y4852 w4c2 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4853 w655 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L&amp;<span class=\"_ _0\"></span>G M<span class=\"_ _0\"></span>ana<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>d Fun<span class=\"_ _0\"></span>d Ho<span class=\"_ _0\"></span>ldc<span class=\"_ _0\"></span>o L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x1632 y4853 w5aa h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">Jersey<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1723 y4853 w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16c5 y4853 w4c2 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 h13 y4854 ff6 fs9 fc1 sc0 ls18 ws32\">47 Es<span class=\"_ _0\"></span>pl<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ad<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>, St He<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r, Jer<span class=\"_ _0\"></span>sey, JE<span class=\"_ _0\"></span>1 0B<span class=\"_ _0\"></span>D<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4855 w656 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Per<span class=\"_ _3\"></span>form<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce Re<span class=\"_ _0\"></span>tai<span class=\"_ _0\"></span>l Un<span class=\"_ _0\"></span>it T<span class=\"_ _1\"></span>ru<span class=\"_ _0\"></span>st<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x1745 y4855 w657 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">Jerse<span class=\"_ _1\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15ea y4855 w503 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws1bc\">Unit<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xab2 y4855 w4cc h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 h13 y4856 ff6 fs9 fc1 sc0 ls18 ws32\">4t<span class=\"_ _0\"></span>h Flo<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r, <span class=\"_ _1\"></span>1 Ar<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>l Way, Lond<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n, W12 7SL<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4857 w658 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">S<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ford C<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y O<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>es L<span class=\"_ _0\"></span>P<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x16ca y4857 w4dc h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16cb y4857 w4c5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws13f\">Partnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16cc y4857 w4c2 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 h13 y4858 ff6 fs9 fc1 sc0 ls18 ws32\">5 New S<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t Sq<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>e, Lo<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>do<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>, EC<span class=\"_ _0\"></span>4A 3T<span class=\"_ _3\"></span>W<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4859 w659 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws54\">Alfreton Solar Limit<span class=\"_ _1\"></span>ed<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x1646 y4859 w4d5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x319 y4859 w4d3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1643 y4859 w4cf h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y485a w65a h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Be<span class=\"_ _0\"></span>avor G<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>e So<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>r Li<span class=\"_ _0\"></span>mite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x1644 y485a w4ca h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1645 y485a w4d3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1640 y485a w4cf h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y485b w65b h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">Low Farm Solar Limited<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x155a y485b w4d5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16ea y485b w4d3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x167f y485b w4cf h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y485c w65c h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">Siddington Solar Farm Limited<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x164b y485c w4dc h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x164c y485c w4c8 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xab2 y485c w4c2 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 h13 y485d ff6 fs9 fc1 sc0 ls18 ws32\">50 Lo<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hi<span class=\"_ _0\"></span>an Ro<span class=\"_ _0\"></span>ad<span class=\"_ _0\"></span>, Fes<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>al Sq<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>e, Ed<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>nb<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>h, S<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>, EH<span class=\"_ _0\"></span>3 9WJ<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y485e w65d h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">L&amp;<span class=\"_ _0\"></span>G UK Un<span class=\"_ _0\"></span>ive<span class=\"_ _0\"></span>rsi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es Ventur<span class=\"_ _0\"></span>es (Car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y) GP LL<span class=\"_ _0\"></span>P<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x16c8 y485e w65e h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Scotland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1650 y485e w4c5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws13f\">Partnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1749 y485e w4de h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y485f w65f h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">L&amp;<span class=\"_ _0\"></span>G UK Un<span class=\"_ _0\"></span>ive<span class=\"_ _0\"></span>rsi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es Ventur<span class=\"_ _0\"></span>es (Car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y) LP<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x16de y485f w65e h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Scotland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1712 y485f w4c5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws13f\">Partnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1651 y485f w4da h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4860 w660 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">L&amp;<span class=\"_ _0\"></span>G UK Un<span class=\"_ _0\"></span>ive<span class=\"_ _0\"></span>rsi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es Ventur<span class=\"_ _0\"></span>es GP LL<span class=\"_ _0\"></span>P<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x16bb y4860 w65e h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Scotland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x174a y4860 w4c5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws13f\">Partnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x174b y4860 w4cf h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4861 w661 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">L&amp;<span class=\"_ _0\"></span>G UK Un<span class=\"_ _0\"></span>ive<span class=\"_ _0\"></span>rsi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es Ventur<span class=\"_ _0\"></span>es LP<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x1713 y4861 w65e h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Scotland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x171c y4861 w4c1 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws13f\">Par<span class=\"_ _0\"></span>tnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x174c y4861 w4cf h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4862 w662 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">UK P<span class=\"_ _0\"></span>IF FG<span class=\"_ _0\"></span>P L<span class=\"_ _0\"></span>LP<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x16fa y4862 w663 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">S<span class=\"_ _0\"></span>cotland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x174a y4862 w4c5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws13f\">Partnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x174b y4862 w4cf h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4863 w664 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">UK PI<span class=\"_ _0\"></span>F T<span class=\"_ _4\"></span>wo Fo<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>r Par<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>r, <span class=\"_ _1\"></span>LP<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x1632 y4863 w663 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">S<span class=\"_ _0\"></span>cotland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x7ab y4863 w4c5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws13f\">Partnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x174d y4863 w4cf h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4864 w665 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">UK<span class=\"_ _0\"></span>PI<span class=\"_ _0\"></span>F T<span class=\"_ _1\"></span>wo Fou<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>er G<span class=\"_ _0\"></span>P Li<span class=\"_ _0\"></span>mite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x170c y4864 w663 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">S<span class=\"_ _0\"></span>cotland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x163f y4864 w4c5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws13f\">Partnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1677 y4864 w4cf h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 h13 y4865 ff6 fs9 fc1 sc0 ls18 ws32\">70 Ea<span class=\"_ _0\"></span>st S<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>se H<span class=\"_ _0\"></span>ig<span class=\"_ _0\"></span>hwa<span class=\"_ _0\"></span>y, Sui<span class=\"_ _0\"></span>te 50<span class=\"_ _0\"></span>0, Val<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>y St<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>m, Ne<span class=\"_ _0\"></span>w Y<span class=\"_ _1\"></span>or<span class=\"_ _0\"></span>k 1<span class=\"_ _1\"></span>1581, <span class=\"_ _1\"></span>Un<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d St<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4866 w666 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Wi<span class=\"_ _0\"></span>llia<span class=\"_ _0\"></span>m Pe<span class=\"_ _0\"></span>nn L<span class=\"_ _0\"></span>ife In<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce C<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pa<span class=\"_ _0\"></span>ny of Ne<span class=\"_ _0\"></span>w Y<span class=\"_ _1\"></span>or<span class=\"_ _0\"></span>k In<span class=\"_ _0\"></span>c<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x15e3 y4866 w258 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls52 ws12a\">USA<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1fa y4866 w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1722 y4866 w4cc h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 h13 y4867 ff6 fs9 fc1 sc0 ls18 ws32\">70 Sir J<span class=\"_ _0\"></span>oh<span class=\"_ _0\"></span>n Rog<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n Qu<span class=\"_ _0\"></span>ay, Dub<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>n 2, I<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d, D0<span class=\"_ _0\"></span>2 R2<span class=\"_ _0\"></span>96<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4868 w667 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls112 ws1e\">Finovatio<span class=\"_ _0\"></span>n Limi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x171f y4868 w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15da y4868 w668 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">Ordinar<span class=\"_ _0\"></span>y and conver<span class=\"_ _0\"></span>tible<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x174e y4868 w4cf h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4869 w669 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L&amp;<span class=\"_ _0\"></span>G E<span class=\"_ _0\"></span>SG P<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>is A<span class=\"_ _0\"></span>lig<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>d Wor<span class=\"_ _0\"></span>ld Eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y I<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>ex Fun<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x16fb y4869 w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x616 y4869 w4e0 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16da y4869 w66a h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls10d ws11b\">75.6<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y486a w66b h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L&amp;<span class=\"_ _0\"></span>G P<span class=\"_ _0\"></span>riv<span class=\"_ _0\"></span>ate Ma<span class=\"_ _0\"></span>rket<span class=\"_ _0\"></span>s L<span class=\"_ _1\"></span>T<span class=\"_ _1\"></span>AF<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x174f y486a w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1633 y486a w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x166b y486a w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y486b w66c h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L&amp;<span class=\"_ _0\"></span>G Raf<span class=\"_ _0\"></span>i M<span class=\"_ _0\"></span>ult<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>Fac<span class=\"_ _0\"></span>tor C<span class=\"_ _0\"></span>lim<span class=\"_ _0\"></span>ate T<span class=\"_ _1\"></span>rans<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>on I<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>ex Fun<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x171f y486b w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15da y486b w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1750 y486b w5ca h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 lsc5 ws1de\">9<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>.7<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y486c w66d h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws54\">LGIM Managers<span class=\"_ _1\"></span> (Europe)<span class=\"_ _1\"></span> Limited<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x155a y486c w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x8f0 y486c w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1676 y486c w4cc h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 h13 y486d ff6 fs9 fc1 sc0 ls18 ws32\">8 Rue Lo<span class=\"_ _0\"></span>u He<span class=\"_ _0\"></span>mm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r, Sen<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>rb<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>rg<span class=\"_ _0\"></span>, Gr<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d Du<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>hy of Lu<span class=\"_ _0\"></span>xe<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>g, L-1<span class=\"_ _1\"></span>7<span class=\"_ _1\"></span>48<span class=\"_ _0\"></span> </td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y486e w66e h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">L&amp;<span class=\"_ _0\"></span>G NT<span class=\"_ _0\"></span>R Cle<span class=\"_ _0\"></span>an Powe<span class=\"_ _0\"></span>r GP S.<span class=\"_ _0\"></span>\u00e0.r.l.<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x1697 y486e w5ac h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws141\">Luxembourg<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1740 y486e w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16ab y486e w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y486f w66f h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">LGIM Cl<span class=\"_ _0\"></span>ean Powe<span class=\"_ _0\"></span>r Gen<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Par<span class=\"_ _3\"></span>tne<span class=\"_ _0\"></span>r S.<span class=\"_ _0\"></span>\u00e0.<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>.l<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x16c8 y486f w5ae h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws141\">Luxembourg<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1751 y486f w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1696 y486f w4cc h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4870 w670 h11d\"><div class=\"t m0 x1ca h13 y4151 ff6 fs9 fc1 sc0 ls18 ws32\">83<span class=\"_ _0\"></span>8<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1752 y4870 w671 h11d\"><div class=\"t m0 x1ca h13 y4151 ff6 fs9 fc1 sc0 ls18 ws32\">Wal<span class=\"_ _0\"></span>ker Ro<span class=\"_ _0\"></span>ad<span class=\"_ _0\"></span>, Su<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>e 21-2, Dove<span class=\"_ _0\"></span>r, DE 1<span class=\"_ _1\"></span>99<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>4, Un<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d St<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4871 w672 h11c\" colspan=\"2\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">An<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ra 1<span class=\"_ _1\"></span>5<span class=\"_ _0\"></span>0 Rich<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>nd Ho<span class=\"_ _0\"></span>ld<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>s, L<span class=\"_ _0\"></span>LC<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x16fa y4871 w673 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls52 ws12a\">US<span class=\"_ _0\"></span>A<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x616 y4871 w674 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">Membership int<span class=\"_ _1\"></span>erests<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x165b y4871 w675 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls5b ws1b0\">98<span class=\"_ _0\"></span>.5<span class=\"_ _3b2\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"t m0 x26b h1a y4872 ff3 fs6 fc1 sc0 ls56 ws0\">Cla<span class=\"_ _0\"></span>ss A an<span class=\"_ _0\"></span>d B me<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>sh<span class=\"_ _0\"></span>ip </td><td></td></tr><tr><td class=\"c n x1cb y4873 w676 h11c\" colspan=\"2\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">An<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ra 1<span class=\"_ _1\"></span>5<span class=\"_ _0\"></span>0 Rich<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>nd J<span class=\"_ _0\"></span>V<span class=\"_ _1\"></span>, LLC<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1731 y4873 w258 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls52 ws12a\">USA<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1753 y4873 w677 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls14f ws1bf\">In<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>ts<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1754 y4873 w675 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls5b ws1b0\">98<span class=\"_ _0\"></span>.5<span class=\"_ _3b2\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"t m0 x26b h1a y4874 ff3 fs6 fc1 sc0 ls56 ws0\">Cla<span class=\"_ _0\"></span>ss A an<span class=\"_ _0\"></span>d B me<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>sh<span class=\"_ _0\"></span>ip </td><td></td></tr><tr><td class=\"c n x1cb y4875 w678 h11c\" colspan=\"2\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">An<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ra 26<span class=\"_ _0\"></span>5 S. Ora<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>e JV, <span class=\"_ _1\"></span>LLC<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1755 y4875 w258 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls52 ws12a\">USA<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1753 y4875 w677 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls14f ws1bf\">In<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>ts<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1754 y4875 w5a8 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 lsb8 ws9f\">9<span class=\"_ _0\"></span>9.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4876 w679 h11c\" colspan=\"2\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">An<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ra Inve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts<span class=\"_ _0\"></span>, LLC<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x16a1 y4876 w258 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls52 ws12a\">USA<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16d5 y4876 w4c8 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16c9 y4876 w64e h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">5<span class=\"_ _0\"></span>0.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4877 w67a h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">An<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ra L<span class=\"_ _0\"></span>&amp;G<span class=\"_ _0\"></span>, LLC<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x16bb y4877 w258 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls52 ws12a\">USA<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5da y4877 w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16bf y4877 w5d1 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4878 w67b h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">An<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ra Pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tn<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>s, L<span class=\"_ _0\"></span>LC<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x16a0 y4878 w673 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls52 ws12a\">US<span class=\"_ _0\"></span>A<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1711 y4878 w4e0 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16b2 y4878 w5d1 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4879 w67c h11c\" colspan=\"2\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">An<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ra T<span class=\"_ _0\"></span>EP Ho<span class=\"_ _0\"></span>ldi<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>s, L<span class=\"_ _0\"></span>LC<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1678 y4879 w258 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls52 ws12a\">USA<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16a8 y4879 w4cb h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x165b y4879 w5a8 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 lsb8 ws9f\">9<span class=\"_ _0\"></span>9.8<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y487a w67d h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">An<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ra T<span class=\"_ _0\"></span>EP J<span class=\"_ _0\"></span>V<span class=\"_ _1\"></span>, LLC<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x1756 y487a w5a6 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls52 ws12a\">USA<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14c0 y487a w67e h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Clas<span class=\"_ _0\"></span>s A and C<span class=\"_ _0\"></span>las<span class=\"_ _0\"></span>s B sh<span class=\"_ _0\"></span>ares<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1717 y487a w67f h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 lsb8 ws9f\">99.<span class=\"_ _0\"></span>8<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y487b w680 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">PV<span class=\"_ _0\"></span>D In<span class=\"_ _0\"></span>cub<span class=\"_ _0\"></span>ator, LLC<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x16fb y487b w258 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls52 ws12a\">USA<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1757 y487b w674 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">Membership inter<span class=\"_ _1\"></span>ests<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16ef y487b w4de h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y487c w670 h11d\"><div class=\"t m0 x1ca h13 y4151 ff6 fs9 fc1 sc0 ls18 ws32\">85<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1752 y487c w681 h11d\"><div class=\"t m0 x1ca h13 y4151 ff6 fs9 fc1 sc0 ls18 ws32\">New Bu<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>on Ro<span class=\"_ _0\"></span>ad<span class=\"_ _0\"></span>, Su<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>e 201, Dove<span class=\"_ _0\"></span>r, Del<span class=\"_ _0\"></span>awa<span class=\"_ _0\"></span>re 1990<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>, Un<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d S<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y487d w682 h11b\" colspan=\"2\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">An<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ra C<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>mm<span class=\"_ _0\"></span>uni<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y Im<span class=\"_ _0\"></span>pac<span class=\"_ _0\"></span>t CD<span class=\"_ _0\"></span>E L<span class=\"_ _0\"></span>LC<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1674 y487d w258 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls52 ws12a\">USA<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16ea y487d w4e0 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x165c y487d w64e h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">5<span class=\"_ _0\"></span>0.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y487e w683 h11c\" colspan=\"2\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">Che<span class=\"_ _0\"></span>sa<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ake Ventur<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, LLC<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1739 y487e w5a6 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls52 ws12a\">USA<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x61a y487e w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1699 y487e w4da h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y487f w684 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">FB<span class=\"_ _0\"></span>V Fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>-1<span class=\"_ _1\"></span>, LLC<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x1713 y487f w258 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls52 ws12a\">USA<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16e8 y487f w4c8 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x165c y487f w4cf h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4880 w685 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">FB<span class=\"_ _0\"></span>V Fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>-2<span class=\"_ _0\"></span>, LLC<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x1656 y4880 w258 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls52 ws12a\">USA<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16f1 y4880 w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16f2 y4880 w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4881 w685 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">FB<span class=\"_ _0\"></span>V Fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>-3<span class=\"_ _0\"></span>, LLC<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x1656 y4881 w258 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls52 ws12a\">USA<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16f1 y4881 w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16f2 y4881 w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4882 w686 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">FB<span class=\"_ _0\"></span>V Fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>, LLC<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x154f y4882 w258 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls52 ws12a\">USA<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16ec y4882 w674 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">Membership intere<span class=\"_ _1\"></span>sts<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1666 y4882 w4cf h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4883 w687 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">FB<span class=\"_ _0\"></span>V Fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>-5<span class=\"_ _0\"></span>, L<span class=\"_ _0\"></span>LC<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x1656 y4883 w258 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls52 ws12a\">USA<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16f1 y4883 w688 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">Membership intere<span class=\"_ _1\"></span>sts<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x174e y4883 w4cf h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4884 w689 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L&amp;<span class=\"_ _0\"></span>G 765<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1758 y4884 w68a h11b\" colspan=\"2\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">A<span class=\"_ _0\"></span>dam<span class=\"_ _0\"></span>s Ho<span class=\"_ _0\"></span>ld<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>s LL<span class=\"_ _0\"></span>C<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15f3 y4884 w5a6 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls52 ws12a\">USA<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16dc y4884 w5a7 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">Me<span class=\"_ _0\"></span>mbership int<span class=\"_ _1\"></span>erests<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1676 y4884 w4cc h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4885 w689 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">L&amp;<span class=\"_ _0\"></span>G 765<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1758 y4885 w68b h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">A<span class=\"_ _0\"></span>dam<span class=\"_ _0\"></span>s L<span class=\"_ _0\"></span>LC<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1691 y4885 w258 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls52 ws12a\">USA<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1700 y4885 w68c h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">Membership in<span class=\"_ _1\"></span>terests<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1759 y4885 w4de h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4886 w68d h11c\" colspan=\"2\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">Leg<span class=\"_ _0\"></span>al &amp; Gen<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al US Real Es<span class=\"_ _0\"></span>tate Equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y Ho<span class=\"_ _0\"></span>ldi<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>, LLC<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x167b y4886 w258 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls52 ws12a\">USA<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1707 y4886 w68e h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">Me<span class=\"_ _0\"></span>mbership int<span class=\"_ _1\"></span>erests<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16bf y4886 w4cc h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 h13 y4887 ff6 fs9 fc1 sc0 ls18 ws32\" colspan=\"2\">Ap<span class=\"_ _0\"></span>ex G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up<span class=\"_ _0\"></span>, IFC 5, S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>. He<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>er, Je<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>ey, JE1 1ST<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4888 w68f h11b\" colspan=\"2\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Bishops<span class=\"_ _1\"></span>gat<span class=\"_ _1\"></span>e Long<span class=\"_ _1\"></span> T<span class=\"_ _4\"></span>erm Propert<span class=\"_ _0\"></span>y Fun<span class=\"_ _1\"></span>d General<span class=\"_ _1\"></span> Partner Limit<span class=\"_ _1\"></span>ed<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x16fb y4888 w5aa h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">Jersey<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x166f y4888 w4c8 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16f2 y4888 w4cf h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 h13 y4889 ff6 fs9 fc1 sc0 ls18 ws32\" colspan=\"2\">Az<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ec G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>up H<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>, IF<span class=\"_ _0\"></span>C6<span class=\"_ _0\"></span>, Th<span class=\"_ _0\"></span>e Es<span class=\"_ _0\"></span>pl<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ad<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>, St<span class=\"_ _0\"></span>. He<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>er, Je<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>ey, JE<span class=\"_ _0\"></span>4 0Q<span class=\"_ _0\"></span>H<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y488a w690 h11b\" colspan=\"2\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Access De<span class=\"_ _1\"></span>velopment<span class=\"_ _1\"></span> General<span class=\"_ _1\"></span> Partner Limit<span class=\"_ _1\"></span>ed<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x170b y488a w657 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">Jers<span class=\"_ _1\"></span>ey<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1654 y488a w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1655 y488a w4da h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y488b w691 h11b\" colspan=\"2\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Access De<span class=\"_ _1\"></span>velopment<span class=\"_ _1\"></span> II Ge<span class=\"_ _1\"></span>neral Pa<span class=\"_ _1\"></span>r<span class=\"_ _0\"></span>tner Lim<span class=\"_ _1\"></span>ited<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x175a y488b w5aa h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">Jersey<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14cf y488b w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xab2 y488b w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y488c w692 h11c\" colspan=\"2\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">Vanta<span class=\"_ _0\"></span>ge Ge<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>ral Par<span class=\"_ _3\"></span>tne<span class=\"_ _0\"></span>r Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1680 y488c w5aa h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">Jersey<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16df y488c w4c1 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws13f\">Par<span class=\"_ _0\"></span>tnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1726 y488c w4cf h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 h13 y488d ff6 fs9 fc1 sc0 ls18 ws32\" colspan=\"2\">Co<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n T<span class=\"_ _1\"></span>rus<span class=\"_ _0\"></span>t Ce<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r, 1<span class=\"_ _1\"></span>20<span class=\"_ _0\"></span>9 Ora<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ge S<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>, Wi<span class=\"_ _0\"></span>lm<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>n, C<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>y of N<span class=\"_ _0\"></span>ew Ca<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>e, De<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>wa<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>, 19801, Uni<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d St<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y47ab w693 h11c\" colspan=\"2\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">Leg<span class=\"_ _0\"></span>al &amp; Gen<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Am<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>a Inc.<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x169c y47ab w258 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls52 ws12a\">USA<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1633 y47ab w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x166b y47ab w4c2 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47ac w694 h11c\" colspan=\"2\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">Leg<span class=\"_ _0\"></span>al &amp; Gen<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt Ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t Am<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>a Inc.<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x167b y47ac w258 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls52 ws12a\">USA<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1707 y47ac w514 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x175b y47ac w4da h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4722 w695 h11c\" colspan=\"2\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">Leg<span class=\"_ _0\"></span>al &amp; Gen<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt Ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t Uni<span class=\"_ _0\"></span>ted S<span class=\"_ _0\"></span>tates (H<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>gs), Inc<span class=\"_ _0\"></span>.<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x16e4 y4722 w673 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls52 ws12a\">US<span class=\"_ _0\"></span>A<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1734 y4722 w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16b4 y4722 w4cc h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47ae w573 h175\"><div class=\"t m0 x1ca hc y445f ff4 fs6 fc1 sc0 ls56 ws55\">LGC<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16f8 y47ae w696 h175\"><div class=\"t m0 x1ca hc y445f ff4 fs6 fc1 sc0 ls56 ws55\">1<span class=\"_ _1\"></span>50<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x175c y47ae w697 h175\"><div class=\"t m0 x1ca hc y445f ff4 fs6 fc1 sc0 ls56 ws55\">Ric<span class=\"_ _0\"></span>hm<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>d US Ho<span class=\"_ _0\"></span>ldc<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>, LLC<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x166a y47ae w258 h176\"><div class=\"t m0 x1ca hc y445f ff3 fs6 fc1 sc0 ls52 ws12a\">USA<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1729 y47ae w688 h176\"><div class=\"t m0 x1ca hc y445f ff3 fs6 fc1 sc0 ls11e ws5c\">Membership int<span class=\"_ _1\"></span>erests<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1637 y47ae w4c2 h175\"><div class=\"t m0 x1ca hc y445f ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47af w573 h175\"><div class=\"t m0 x1ca hc y445f ff4 fs6 fc1 sc0 ls56 ws55\">LGC<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16f8 y47af w153 h175\"><div class=\"t m0 x1ca hc y445f ff4 fs6 fc1 sc0 ls56 ws55\">265<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16f9 y47af w698 h175\"><div class=\"t m0 x1ca hc y445f ff4 fs6 fc1 sc0 ls56 ws55\">S. O<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ge US Ho<span class=\"_ _0\"></span>ld<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>, LLC<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16b8 y47af w258 h176\"><div class=\"t m0 x1ca hc y445f ff3 fs6 fc1 sc0 ls52 ws12a\">USA<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x175d y47af w674 h176\"><div class=\"t m0 x1ca hc y445f ff3 fs6 fc1 sc0 ls11e ws5c\">Membership int<span class=\"_ _1\"></span>erests<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16ab y47af w4c2 h175\"><div class=\"t m0 x1ca hc y445f ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w699 h175\"><div class=\"t m0 x1ca hc y445f ff4 fs6 fc1 sc0 ls56 ws55\">LGC US Ho<span class=\"_ _0\"></span>ld<span class=\"_ _0\"></span>co 1 Inc.<span class=\"_ _3b2\"> </span></div></td><td></td><td></td><td class=\"c n x1679 y40ae w258 h176\"><div class=\"t m0 x1ca hc y445f ff3 fs6 fc1 sc0 ls52 ws12a\">USA<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16df y40ae w4d3 h176\"><div class=\"t m0 x1ca hc y445f ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16e0 y40ae w4cf h175\"><div class=\"t m0 x1ca hc y445f ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr></table><table class=\"s w4bc h1d1\" id=\"_66e3448d-7bac-4f7f-b20b-00b550a82f70\"><tr><td></td><td></td><td></td><td class=\"t m0 x1630 h13 y488e ff5 fs9 fc1 sc0 ls18 ws0\">% of e<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m0 x274 h13 y488f ff5 fs9 fc1 sc0 ls3d ws86\">Country of<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m0 x1630 h13 y488f ff5 fs9 fc1 sc0 ls38 ws3b\">shares held<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m0 x206 h13 y4890 ff5 fs9 fc1 sc0 ls14a ws163\">Company n<span class=\"_ _1\"></span>ame<span class=\"_ _3b2\"> </span></td><td class=\"c n x1506 y4891 w4bd h12b\"><div class=\"t m0 x1ca h13 y40ef ff5 fs9 fc1 sc0 ls14a ws164\">incorporation<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1631 y4891 w4be h12b\"><div class=\"t m0 x1ca h13 y40ef ff5 fs9 fc1 sc0 ls38 ws3b\">Share class<span class=\"_ _3b2\"> </span></div></td><td class=\"t m0 x1630 h13 y4890 ff5 fs9 fc1 sc0 ls18 ws0\">by t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>p<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y4892 w699 h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls56 ws55\">LGC US Ho<span class=\"_ _0\"></span>ld<span class=\"_ _0\"></span>co 2 Inc.<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1679 y4892 w258 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls52 ws12a\">USA<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16df y4892 w4d3 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16e0 y4892 w4cf h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 h13 y4893 ff6 fs9 fc1 sc0 ls18 ws32\">Eu<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>a Hou<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e, 20 Es<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>e, Sc<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>h, N<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h Yorks<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>ir<span class=\"_ _0\"></span>e, YO1<span class=\"_ _1\"></span>1 2AQ<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4894 w69a h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls1 ws23\">T P<span class=\"_ _1\"></span> Property Ser<span class=\"_ _0\"></span>vices Limit<span class=\"_ _1\"></span>ed<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1638 y4894 w4c7 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1639 y4894 w4c8 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x163a y4894 w650 h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 lsf3 wsfa\">52<span class=\"_ _0\"></span>.6<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4895 w69b h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls56 ws0\">Th<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>pe P<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>k 3175 Limi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x168a y4895 w4d5 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x168b y4895 w514 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x168c y4895 w69c h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 lsf3 wsfa\">52.6<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4896 w69d h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls11b ws2a\">Thorpe Park Dev<span class=\"_ _1\"></span>elopments Limit<span class=\"_ _1\"></span>ed<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x169c y4896 w4c4 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x169d y4896 w4d3 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x169e y4896 w650 h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 lsf3 wsfa\">52<span class=\"_ _0\"></span>.6<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4897 w69e h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Th<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>pe P<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>k Ho<span class=\"_ _0\"></span>ld<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>s Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16ca y4897 w4dc h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16cb y4897 w69f h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">Ordinary and deferred<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x174b y4897 w650 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 lsf3 wsfa\">52<span class=\"_ _0\"></span>.6<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 h13 y4898 ff6 fs9 fc1 sc0 ls18 ws32\">Li<span class=\"_ _0\"></span>me Gr<span class=\"_ _0\"></span>ove H<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>, Gr<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n S<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>, St He<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>r, Jer<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>y, JE1 2S<span class=\"_ _0\"></span>T<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4899 w6a0 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">SC<span class=\"_ _0\"></span>B<span class=\"_ _0\"></span>D S6 Trust<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x173f y4899 w5aa h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">Jersey<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15da y4899 w507 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws1bc\">Unit<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16d0 y4899 w4c2 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y489a w6a1 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">S<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ford C<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y O<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>es Je<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>ey U<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>t T<span class=\"_ _1\"></span>rus<span class=\"_ _0\"></span>t<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x171b y489a w5c3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">J<span class=\"_ _0\"></span>ersey<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x171c y489a w4f7 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws1bc\">U<span class=\"_ _0\"></span>nit<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16c7 y489a w4da h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y489b w6a2 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">S<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ford Ci<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y Of<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>s Jer<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>y Unit T<span class=\"_ _1\"></span>rus<span class=\"_ _0\"></span>t (No<span class=\"_ _0\"></span>. 2)<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16ca y489b w5aa h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">Jersey<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5da y489b w507 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws1bc\">Unit<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1676 y489b w4cc h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 h13 y489c ff6 fs9 fc1 sc0 ls18 ws32\">Ma<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>sh Ma<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ag<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt Se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>es I<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>., 46<span class=\"_ _0\"></span>3 Mo<span class=\"_ _0\"></span>un<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>n Vi<span class=\"_ _0\"></span>ew Dr<span class=\"_ _0\"></span>ive<span class=\"_ _0\"></span>, Su<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>e 301, 3rd Fl<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>or, Col<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r, V<span class=\"_ _1\"></span>er<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t 054<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>, Un<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ed S<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y489d w6a3 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">Fi<span class=\"_ _0\"></span>rst B<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>tish Ver<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>nt Rein<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce Co<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>pany II<span class=\"_ _0\"></span>, Limi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x175e y489d w258 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls52 ws12a\">USA<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1650 y489d w4e0 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1651 y489d w4da h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y489e w6a4 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">Fi<span class=\"_ _0\"></span>rst B<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>tish Ver<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>nt Rein<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce Co<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>pany III<span class=\"_ _0\"></span>, Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x175f y489e w258 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls52 ws12a\">USA<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb6b y489e w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1660 y489e w4cc h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y489f w6a5 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">Fi<span class=\"_ _0\"></span>rst B<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>tish Ver<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>nt Rein<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce Co<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>pany I<span class=\"_ _0\"></span>V Limi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16bb y489f w258 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls52 ws12a\">USA<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5da y489f w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16bf y489f w4cc h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 h13 y48a0 ff6 fs9 fc1 sc0 ls18 ws32\">No<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h Poi<span class=\"_ _0\"></span>nt S<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>d Dri<span class=\"_ _0\"></span>ve, B<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ld E<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>e Par<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>, Sh<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>ws<span class=\"_ _0\"></span>bu<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y, SY1 3B<span class=\"_ _0\"></span>F<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y48a1 w6a6 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls113 ws5b\">Portholme Resi<span class=\"_ _1\"></span>dents Ma<span class=\"_ _1\"></span>nagement Compa<span class=\"_ _1\"></span>ny Limit<span class=\"_ _1\"></span>ed<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1719 y48a1 w4c7 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1fa y48a1 w6a7 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws54\">Limited by<span class=\"_ _1\"></span> guarantee<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1722 y48a1 w4cc h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 h13 y48a2 ff6 fs9 fc1 sc0 ls18 ws32\">Ro<span class=\"_ _0\"></span>om 90<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>, 9t<span class=\"_ _0\"></span>h Fl<span class=\"_ _0\"></span>oo<span class=\"_ _0\"></span>r, Chi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>m T<span class=\"_ _1\"></span>ower, 34<span class=\"_ _0\"></span>-3<span class=\"_ _0\"></span>7 Co<span class=\"_ _0\"></span>nn<span class=\"_ _0\"></span>au<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>ht Ro<span class=\"_ _0\"></span>ad C<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>l, H<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>g Kon<span class=\"_ _0\"></span>g<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y48a3 w6a8 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Inve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt Ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt A<span class=\"_ _0\"></span>sia L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1718 y48a3 w6a9 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">Hong K<span class=\"_ _1\"></span>ong<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x168b y48a3 w4d3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1725 y48a3 w4cf h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 h13 y48a4 ff6 fs9 fc1 sc0 ls18 ws32\">So<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>wes<span class=\"_ _0\"></span>t Ro<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>, Flo<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>r 3, No. 2123 Pud<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>ng Ave<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>e, C<span class=\"_ _0\"></span>hi<span class=\"_ _0\"></span>na (S<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>) Pil<span class=\"_ _0\"></span>ot Fr<span class=\"_ _0\"></span>ee Trade Zo<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>e (Bo<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d Ar<span class=\"_ _0\"></span>ea), Pu<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>g Di<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>, Sha<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>gh<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>, Ch<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>a<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m0 x26b h1a y48a5 ff3 fs6 fc1 sc0 lsea ws27\">Ownership dictated by </td><td></td></tr><tr><td class=\"c n x1cb y48a6 w6aa h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">Leg<span class=\"_ _0\"></span>al &amp; G<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>al Bu<span class=\"_ _0\"></span>sin<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>s Co<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>ult<span class=\"_ _0\"></span>ing (S<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>hai) L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16db y48a6 w6ab h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls149 ws1bc\">China<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1753 y48a7 w6ac h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">subscribed<span class=\"_ _1\"></span> capital<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1760 y48a7 w4cc h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls15 wse6\">10<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 h13 y48a8 ff6 fs9 fc1 sc0 ls18 ws32\">Th<span class=\"_ _0\"></span>e Ol<span class=\"_ _0\"></span>d Pos<span class=\"_ _0\"></span>t Of<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e St<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on Ro<span class=\"_ _0\"></span>ad<span class=\"_ _0\"></span>, Co<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>bu<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y, Bri<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>l, BS<span class=\"_ _0\"></span>49 5<span class=\"_ _0\"></span>DY<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y48a9 w6ad h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls113 ws5b\">London Di<span class=\"_ _1\"></span>stribution<span class=\"_ _1\"></span> Park Mana<span class=\"_ _1\"></span>gement Compan<span class=\"_ _1\"></span>y Limit<span class=\"_ _1\"></span>ed<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16e7 y48a9 w4c7 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England a<span class=\"_ _1\"></span>nd Wa<span class=\"_ _1\"></span>les<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16bc y48a9 w4e0 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1761 y48a9 w5d1 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">68.0<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 h13 y48aa ff6 fs9 fc1 sc0 ls18 ws32\">Un<span class=\"_ _0\"></span>it 3, E<span class=\"_ _0\"></span>dw<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>n Bus<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>ss Pa<span class=\"_ _0\"></span>rk<span class=\"_ _0\"></span>, L<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>re L<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>e, Ed<span class=\"_ _0\"></span>wa<span class=\"_ _0\"></span>lt<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n, No<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>gh<span class=\"_ _0\"></span>am<span class=\"_ _0\"></span>, NG12 4J<span class=\"_ _0\"></span>L<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y47ae w6ae h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">Ins<span class=\"_ _0\"></span>pire<span class=\"_ _0\"></span>d Vi<span class=\"_ _0\"></span>lla<span class=\"_ _0\"></span>ges Gr<span class=\"_ _0\"></span>oup L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16fa y47ae w4d7 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5cc y47ae w4cb h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x16c5 y47ae w6af h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls5b ws1b0\">4<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>.5<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y47af w6b0 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 lsea ws27\">Inspired Works Limited<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6c6 y47af w4c4 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1671 y47af w4d3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1677 y47af w6b1 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls5b ws1b0\">4<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>.5<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w6b2 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">Ren<span class=\"_ _0\"></span>ais<span class=\"_ _0\"></span>san<span class=\"_ _0\"></span>ce V<span class=\"_ _0\"></span>ill<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>s Limi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x154f y40ae w4d5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x15e1 y40ae w514 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1662 y40ae w675 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls5b ws1b0\">46<span class=\"_ _0\"></span>.5<span class=\"_ _3b2\"> </span></div></td></tr></table>(ii) <span class=\"_ _d\"> </span>A<span class=\"_ _0\"></span>sso<span class=\"_ _0\"></span>ciates a<span class=\"_ _0\"></span>nd joi<span class=\"_ _0\"></span>nt ven<span class=\"_ _1\"></span>t<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>res<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Group ha<span class=\"_ _0\"></span>s the followin<span class=\"_ _0\"></span>g signi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>can<span class=\"_ _0\"></span>t hold<span class=\"_ _0\"></span>ings cl<span class=\"_ _0\"></span>assif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d as asso<span class=\"_ _0\"></span>ciates an<span class=\"_ _0\"></span>d joint vent<span class=\"_ _0\"></span>ures whi<span class=\"_ _0\"></span>ch have be<span class=\"_ _0\"></span>en inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>ed as f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span>, and inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nts in asso<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>ates and joint ven<span class=\"_ _0\"></span>tures ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>unted for usi<span class=\"_ _0\"></span>ng the eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y m<span class=\"_ _0\"></span>etho<span class=\"_ _0\"></span>d. T<span class=\"_ _0\"></span>he gros<span class=\"_ _0\"></span>s asset<span class=\"_ _0\"></span>s of these co<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>nies are in par<span class=\"_ _3\"></span>t fund<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span> by bor<span class=\"_ _0\"></span>rowing<span class=\"_ _0\"></span>s which are n<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>urs<span class=\"_ _0\"></span>e to the Group.<span class=\"_ _3b2\"> </span><table class=\"s w6b3 h1d2\" id=\"_b08b26c6-097b-4e5f-977d-bbad55a8d885\"><tr><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"t m2 xec4 h13 y48ab ff5 fs9 fc1 sc0 ls18 ws0\">% of e<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"t m2 xec4 h13 y48ac ff5 fs9 fc1 sc0 ls38 ws1e2\">shares held<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td></td><td class=\"t m2 xc70 h13 y48ad ff5 fs9 fc1 sc0 ls1 ws16\">Countr<span class=\"_ _0\"></span>y of </td><td class=\"t m2 x26e h13 y48ad ff5 fs9 fc1 sc0 ls3d ws131\">Accounting<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x4d4 h13 y48ad ff6 fs9 fc1 sc0 ls2c ws34\">Inve<span class=\"_ _1\"></span>stment<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x42c h13 y48ad ff5 fs9 fc1 sc0 ls38 ws3a\">Share<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xec4 h13 y48ad ff5 fs9 fc1 sc0 ls18 ws0\">by t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span> </td></tr><tr><td class=\"t m2 x206 h13 y48ae ff5 fs9 fc1 sc0 ls14a ws163\">Company n<span class=\"_ _1\"></span>ame<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m2 xc70 h13 y48ae ff5 fs9 fc1 sc0 ls14a ws164\">incorporation<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x26e h13 y48ae ff5 fs9 fc1 sc0 ls3d ws131\">treatment<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x4d4 h13 y48ae ff5 fs9 fc1 sc0 ls3b ws45\">type<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x42c h13 y48ae ff5 fs9 fc1 sc0 ls3d ws131\">class<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xec4 h13 y48ae ff5 fs9 fc1 sc0 ls3d ws131\">Group<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y4399 w4a h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">245<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1762 y4399 wdf h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Hamme<span class=\"_ _1\"></span>rsmith R<span class=\"_ _1\"></span>oad (<span class=\"_ _1\"></span>Genera<span class=\"_ _1\"></span>l Partner)<span class=\"_ _1\"></span> Limit<span class=\"_ _1\"></span>ed<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1763 y4399 w4ec h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">Engla<span class=\"_ _1\"></span>nd and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1764 y4399 w6b4 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y met<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1765 y4399 w6b5 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1766 y4399 w4c1 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws13f\">Par<span class=\"_ _0\"></span>tnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1767 y4399 w6b6 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">5<span class=\"_ _0\"></span>0.0%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48af w6b7 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 lsea ws27\">245<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1768 y48af w6b8 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 lsea ws27\">Hammers<span class=\"_ _0\"></span>mith Road Limited Partn<span class=\"_ _0\"></span>ership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1769 y48af w4ec h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">Engl<span class=\"_ _1\"></span>and and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x176a y48af w6b9 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>od<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x176b y48af w6b5 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x176c y48af w4c1 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws13f\">Par<span class=\"_ _0\"></span>tnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x176d y48af w6ba h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">5<span class=\"_ _0\"></span>0.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y45dc w42 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">245<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x176e y45dc w6bb h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">H<span class=\"_ _0\"></span>R G<span class=\"_ _0\"></span>P LL<span class=\"_ _0\"></span>P<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x176f y45dc w6bc h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">E<span class=\"_ _0\"></span>ngland a<span class=\"_ _1\"></span>nd Wa<span class=\"_ _1\"></span>les<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1770 y45dc w6bd h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y m<span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span>od<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1771 y45dc w6b5 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1772 y45dc w4c1 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws13f\">Par<span class=\"_ _0\"></span>tnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1773 y45dc w6be h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48b0 w6bf h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Ac<span class=\"_ _0\"></span>ces<span class=\"_ _0\"></span>s D<span class=\"_ _0\"></span>evel<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt II L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d Pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tn<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>shi<span class=\"_ _0\"></span>p<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1774 y48b0 w5aa h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">Jersey<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1775 y48b0 w6b9 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Eq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1776 y48b0 w6c0 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws11c\">Associate<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1777 y48b0 w4e3 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1778 y48b0 w6c1 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls5b ws1b0\">25.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y439d w6c2 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws2a\">Access Dev<span class=\"_ _1\"></span>elopment Limit<span class=\"_ _1\"></span>ed Partnership<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1779 y439d w5aa h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">Jersey<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x177a y439d w6bd h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y m<span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span>od<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x177b y439d w6b5 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x177c y439d w514 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x177d y439d w6c3 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y447b w6c4 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Bracknell<span class=\"_ _1\"></span> General Pa<span class=\"_ _1\"></span>rtner Limited<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x177e y447b w6c5 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">Jersey<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xad5 y447b w6c6 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Eq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>ty m<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x177f y447b w6b5 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1780 y447b w4e0 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1781 y447b w6be h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y45df w6c7 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Bracknell<span class=\"_ _1\"></span> Propert<span class=\"_ _0\"></span>y Unit<span class=\"_ _1\"></span> T<span class=\"_ _4\"></span>rust<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1782 y45df w5aa h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">Jersey<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1783 y45df w6b4 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>od<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1784 y45df w6b5 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1785 y45df w6c8 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls114 ws120\">U<span class=\"_ _0\"></span>nits<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1786 y45df w6c9 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls10a ws118\">50.8%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40b2 w6ca h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Br<span class=\"_ _0\"></span>unt<span class=\"_ _0\"></span>wo<span class=\"_ _0\"></span>od S<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e Ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>en<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>es L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1787 y40b2 w4c0 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">E<span class=\"_ _0\"></span>ngland and<span class=\"_ _1\"></span> Wale<span class=\"_ _1\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1788 y40b2 w6cb h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y m<span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span>od<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1789 y40b2 w6b5 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x178a y40b2 w4e3 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x178b y40b2 w6c3 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4501 w6cc h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws54\">Bruntwood Sci<span class=\"_ _0\"></span>T<span class=\"_ _1\"></span>ech Limit<span class=\"_ _1\"></span>ed<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x178c y4501 w4c4 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x178d y4501 w6b9 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Eq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y met<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x178e y4501 w6c0 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws11c\">Associate<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x178f y4501 w4e3 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1790 y4501 w6c3 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls1a6 ws1e0\">4<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>.9<span class=\"_ _3\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40b4 w6cd h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws54\">Congenica Limited<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1791 y40b4 w4ce h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1792 y40b4 w6ce h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1793 y40b4 w6c0 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws11c\">Associate<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1794 y40b4 w4e3 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1795 y40b4 w1ff h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls113 ws11f\">8.3%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40b5 w6cf h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">ECF (<span class=\"_ _1\"></span>Genera<span class=\"_ _1\"></span>l Partner)<span class=\"_ _1\"></span> Limit<span class=\"_ _1\"></span>ed<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x1796 y40b5 w4d7 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1797 y40b5 w6b4 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1798 y40b5 w6b5 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1799 y40b5 w4e3 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x179a y40b5 w6d0 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls113 ws11f\">33.3%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40b6 w6d1 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">ECV Pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tn<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>sh<span class=\"_ _0\"></span>ips T<span class=\"_ _1\"></span>atte<span class=\"_ _0\"></span>nh<span class=\"_ _0\"></span>all Li<span class=\"_ _0\"></span>mite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x179b y40b6 w4c4 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x179c y40b6 w6d2 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Eq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>ty m<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x178e y40b6 w6b5 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x179d y40b6 w4e3 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1773 y40b6 w6d3 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls130 ws1a1\">26.3%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4301 w6d4 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">ECV Pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tn<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>sh<span class=\"_ _0\"></span>ips War<span class=\"_ _0\"></span>wi<span class=\"_ _0\"></span>ck Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x179e y4301 w4d5 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x179f y4301 w6d5 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>od<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17a0 y4301 w6b5 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17a1 y4301 w4d3 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17a2 y4301 w6d6 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls130 ws1a1\">26.3<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40b8 w6d7 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10a ws5a\">English Cities F<span class=\"_ _1\"></span>und<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x17a3 y40b8 w4c4 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17a4 y40b8 w6d8 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls1 ws0\">F<span class=\"_ _0\"></span>V<span class=\"_ _3\"></span>TPL<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17a5 y40b8 w6d9 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws11c\">Asso<span class=\"_ _0\"></span>ciate<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x178a y40b8 w4c5 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws13f\">Partnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17a6 y40b8 w6c9 h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls10a ws118\">30.2%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4302 w6da h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Grav<span class=\"_ _0\"></span>ese<span class=\"_ _0\"></span>nd C<span class=\"_ _0\"></span>ol<span class=\"_ _0\"></span>dh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>bo<span class=\"_ _0\"></span>ur Ro<span class=\"_ _0\"></span>ad Ma<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt C<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pany L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x17a7 y4302 w4d7 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17a8 y4302 w6b9 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>od<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17a9 y4302 w6b5 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17aa y4302 w4d3 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17ab y4302 w6db h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ba w1af h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Ho<span class=\"_ _0\"></span>use<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>ld C<span class=\"_ _0\"></span>api<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>l P<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x17ac y40ba w6dc h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 lsea ws122\">Australia<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1783 y40ba w6b4 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>od<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1784 y40ba w6c0 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws11c\">Associate<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17ad y40ba w4e0 h118\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17ae y40ba w6dd h119\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls1a8 ws1e3\">3<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>.1<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y43b7 w6de h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Ima<span class=\"_ _0\"></span>gin<span class=\"_ _0\"></span>e Mo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tg<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>s Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted (Ge<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>on H<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e)<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x17af y43b7 w4c7 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17b0 y43b7 w6df h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls1 ws0\">FV<span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>PL<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17b1 y43b7 w6d9 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws11c\">A<span class=\"_ _0\"></span>ssociate<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17b2 y43b7 w6e0 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls12c ws140\">Preferre<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17b3 y43b7 w6e1 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls186 ws1a5\">15<span class=\"_ _3\"></span>.7<span class=\"_ _3\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41d1 w6e2 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">ImpactA Global Holding<span class=\"_ _1\"></span> Limited<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x177e y41d1 w4d5 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xadb y41d1 w6e3 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Eq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>ty m<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17b4 y41d1 w6c0 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws11c\">Associate<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17b5 y41d1 w4e3 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17b6 y41d1 w6e4 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls181 ws19f\">4<span class=\"_ _0\"></span>4.<span class=\"_ _0\"></span>4%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40bd w6e5 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Kao D<span class=\"_ _0\"></span>ata L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x17b7 y40bd w4ec h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">Engla<span class=\"_ _1\"></span>nd and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17b8 y40bd w6e6 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls1 ws0\">F<span class=\"_ _3\"></span>VT<span class=\"_ _0\"></span>PL<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17b9 y40bd w6d9 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws11c\">A<span class=\"_ _0\"></span>ssociate<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1766 y40bd w4e3 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17ba y40bd w6c1 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls5b ws1b0\">32.5<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40be w4d1 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Kens<span class=\"_ _0\"></span>a Gro<span class=\"_ _0\"></span>up L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x17bb y40be w4d7 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17bc y40be w6e7 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls1 ws0\">FV<span class=\"_ _3\"></span>TPL<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17bd y40be w6d9 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws11c\">Asso<span class=\"_ _0\"></span>ciate<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17be y40be w4e3 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17bf y40be w6c3 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">32.0%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40bf w6e8 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Newc<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>tle H<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>ix D<span class=\"_ _0\"></span>eve<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>pm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s LL<span class=\"_ _0\"></span>P<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x17c0 y40bf w4ce h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17c1 y40bf w6e7 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls1 ws0\">FV<span class=\"_ _3\"></span>TPL<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17c2 y40bf w6d9 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws11c\">A<span class=\"_ _0\"></span>ssociate<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17c3 y40bf w4c5 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws13f\">Partnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17c4 y40bf w6d0 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls113 ws11f\">33.3%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c0 w6e9 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">NT<span class=\"_ _0\"></span>R A<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>et Ma<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt Eu<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>e DAC<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x17c5 y40c0 w278 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17c6 y40c0 w6e3 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y m<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17c7 y40c0 w6c0 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws11c\">Associate<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17c8 y40c0 w4e3 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17c9 y40c0 w6c1 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls5b ws1b0\">25.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c1 w6ea h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Oxford<span class=\"_ _1\"></span> University<span class=\"_ _1\"></span> Propert<span class=\"_ _0\"></span>y Dev<span class=\"_ _1\"></span>elopment Li<span class=\"_ _1\"></span>mited<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x17ca y40c1 w4c4 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17cb y40c1 w6b9 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>od<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17cc y40c1 w6b5 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17cd y40c1 w521 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17ce y40c1 w6be h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c2 w6eb h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws54\">Pember<span class=\"_ _0\"></span>ton Asset Management Holdings<span class=\"_ _1\"></span> Limited<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x17cf y40c2 w5aa h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">Jersey<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17d0 y40c2 w6ec h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls1 ws0\">F<span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>TPL<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17d1 y40c2 w6ed h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws11c\">Associate<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17d2 y40c2 w4e3 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17d3 y40c2 w6be h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">40.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w6ee h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">Salar<span class=\"_ _0\"></span>y Direct Holdings Limited<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x17d4 y4121 w5aa h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">Jersey<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17d5 y4121 w6ef h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls1 ws0\">F<span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>TPL<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1798 y4121 w6c0 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws11c\">Associate<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17d6 y4121 w4e0 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17d7 y4121 w6f0 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls5b ws1b0\">53<span class=\"_ _0\"></span>.5%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4158 w6f1 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing (<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>lbo<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ne) Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x17d8 y4158 w4ce h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17d9 y4158 w6ce h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y met<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17da y4158 w6b5 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17db y4158 w4e3 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17dc y4158 w6be h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w6f2 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing (<span class=\"_ _0\"></span>B<span class=\"_ _0\"></span>osto<span class=\"_ _0\"></span>n S<span class=\"_ _0\"></span>pa) Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td></td><td class=\"c n x17dd y40ae w4c4 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17a8 y40ae w6b9 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>od<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17a9 y40ae w6b5 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17aa y40ae w4d3 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17ab y40ae w6db h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr></table><table class=\"s w6b3 h1d3\" id=\"_1fc87f39-f9ff-423d-b8b1-bfdda6c9a847\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 xec4 h13 y48b1 ff5 fs9 fc1 sc0 ls18 ws0\">% of e<span class=\"_ _0\"></span>qu<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 xec4 h13 y48b2 ff5 fs9 fc1 sc0 ls38 ws1e2\">shares held<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m0 xc70 h13 y48b3 ff5 fs9 fc1 sc0 ls1 ws16\">Countr<span class=\"_ _0\"></span>y of </td><td class=\"t m0 x26e h13 y48b3 ff5 fs9 fc1 sc0 ls3d ws131\">Accounting<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x4d4 h13 y48b3 ff6 fs9 fc1 sc0 ls2c ws34\">Inve<span class=\"_ _1\"></span>stment<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x42c h13 y48b3 ff5 fs9 fc1 sc0 ls38 ws3a\">Share<span class=\"_ _3b2\"> </span></td><td class=\"t m0 xec4 h13 y48b3 ff5 fs9 fc1 sc0 ls18 ws0\">by t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span> </td></tr><tr><td class=\"t m0 x206 h13 y48b4 ff5 fs9 fc1 sc0 ls14a ws163\">Company n<span class=\"_ _1\"></span>ame<span class=\"_ _3b2\"> </span></td><td class=\"t m0 xc70 h13 y48b4 ff5 fs9 fc1 sc0 ls14a ws164\">incorporation<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x26e h13 y48b4 ff5 fs9 fc1 sc0 ls3d ws131\">treatment<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x4d4 h13 y48b4 ff5 fs9 fc1 sc0 ls3b ws45\">type<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x42c h13 y48b4 ff5 fs9 fc1 sc0 ls3d ws131\">class<span class=\"_ _3b2\"> </span></td><td class=\"t m0 xec4 h13 y48b4 ff5 fs9 fc1 sc0 ls3d ws131\">Group<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y48b5 w6f3 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing (<span class=\"_ _0\"></span>Br<span class=\"_ _0\"></span>oad<span class=\"_ _0\"></span>br<span class=\"_ _0\"></span>idg<span class=\"_ _0\"></span>e H<span class=\"_ _0\"></span>eath) L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17de y48b5 w4dc h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1792 y48b5 w6ce h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls56 ws0\">Equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1793 y48b5 w6b5 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17df y48b5 w4e0 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17e0 y48b5 w6be h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48b6 w6f4 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls11e ws5c\">Senior Living (<span class=\"_ _1\"></span>Caddington<span class=\"_ _1\"></span>)<span class=\"_ _1\"></span> Limited<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17e1 y48b6 w4d5 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17e2 y48b6 w6d5 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17e3 y48b6 w6b5 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17e4 y48b6 w4e3 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17e5 y48b6 w6be h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48b7 w6f5 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls11e ws5c\">Senior Living (<span class=\"_ _1\"></span>Chandlers F<span class=\"_ _1\"></span>ord) Limited<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17a7 y48b7 w4d7 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17a8 y48b7 w6b9 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>od<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17a9 y48b7 w6b5 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17aa y48b7 w4d3 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17ab y48b7 w6db h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48b8 w6f6 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing (C<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>n) Limi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17e6 y48b8 w4c4 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xad5 y48b8 w6c6 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls56 ws0\">Eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y m<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x177f y48b8 w6b5 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1780 y48b8 w4e0 h116\"><div class=\"t m0 x1ca hc y4084 ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1781 y48b8 w6be h117\"><div class=\"t m0 x1ca hc y4084 ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48b9 w6f7 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing (<span class=\"_ _0\"></span>Do<span class=\"_ _0\"></span>re) Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17e7 y48b9 w6f8 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">E<span class=\"_ _0\"></span>ngland a<span class=\"_ _1\"></span>nd Wale<span class=\"_ _1\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17d0 y48b9 w6f9 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y m<span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span>od<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17e8 y48b9 w6b5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17e9 y48b9 w514 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17ea y48b9 w6fa h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48ba w6fb h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">Senior Living (Edenbridge<span class=\"_ _1\"></span>)<span class=\"_ _1\"></span> Limited<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1774 y48ba w4c4 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17eb y48ba w6b9 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1798 y48ba w6b5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1799 y48ba w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x179a y48ba w6db h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48bb w6fc h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing (<span class=\"_ _0\"></span>El<span class=\"_ _0\"></span>str<span class=\"_ _0\"></span>ee) Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17ec y48bb w4c4 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17ed y48bb w6b9 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Eq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17ee y48bb w6b5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17ef y48bb w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17f0 y48bb w6be h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48bc w6fd h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws54\">Senior Living (Farnhams<span class=\"_ _1\"></span>) Limited<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17f1 y48bc w4dc h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17f2 y48bc w6ce h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>od<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17f3 y48bc w6b5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17f4 y48bc w4d3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17c4 y48bc w6be h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48bd w6fe h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing (<span class=\"_ _0\"></span>Fre<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>s) Limi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17f5 y48bd w4ee h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wale<span class=\"_ _1\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1788 y48bd w6cb h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y m<span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span>od<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1789 y48bd w6b5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x178a y48bd w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x178b y48bd w6c3 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48be w6ff h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing (G<span class=\"_ _0\"></span>reat L<span class=\"_ _0\"></span>eig<span class=\"_ _0\"></span>hs) Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17f6 y48be w4c7 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England a<span class=\"_ _1\"></span>nd Wa<span class=\"_ _1\"></span>les<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x177a y48be w6bd h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y m<span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span>od<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x177b y48be w6b5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x177c y48be w514 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x177d y48be w6c3 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48bf w700 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing (<span class=\"_ _0\"></span>Ha<span class=\"_ _0\"></span>lste<span class=\"_ _0\"></span>ad<span class=\"_ _0\"></span>) Li<span class=\"_ _0\"></span>mite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17c0 y48bf w4ce h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17c1 y48bf w6b4 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>od<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17f7 y48bf w6b5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17f8 y48bf w4d3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17f9 y48bf w6be h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48c0 w701 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing (<span class=\"_ _0\"></span>He<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>l He<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>ste<span class=\"_ _0\"></span>ad) L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17fa y48c0 w4c4 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17fb y48c0 w6d5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>od<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17fc y48c0 w6b5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17fd y48c0 w4d3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17fe y48c0 w6be h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48c1 w702 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing (<span class=\"_ _0\"></span>Ho<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>an) Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17ff y48c1 w4ce h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1800 y48c1 w6ce h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1801 y48c1 w6b5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17ad y48c1 w4e0 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17ae y48c1 w6be h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48c2 w5b4 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing (<span class=\"_ _0\"></span>K<span class=\"_ _0\"></span>nowl<span class=\"_ _0\"></span>e) Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1802 y48c2 w4d7 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1803 y48c2 w6b9 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>od<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1784 y48c2 w6b5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1785 y48c2 w4d3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinary<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1804 y48c2 w6be h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48c3 w703 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing (<span class=\"_ _0\"></span>Le<span class=\"_ _0\"></span>dia<span class=\"_ _0\"></span>n Far<span class=\"_ _0\"></span>m) Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1805 y48c3 w4ce h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1797 y48c3 w6b4 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1798 y48c3 w6b5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1799 y48c3 w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x179a y48c3 w6db h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48c4 w704 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls4f ws128\">Senior<span class=\"_ _1\"></span> Living<span class=\"_ _1\"></span> (Liphoo<span class=\"_ _1\"></span>k) Li<span class=\"_ _1\"></span>mit<span class=\"_ _1\"></span>ed<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1806 y48c4 w5aa h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">Jersey<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1807 y48c4 w6d5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1801 y48c4 w6b5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17ad y48c4 w4e0 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17ae y48c4 w6be h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48c5 w705 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing (<span class=\"_ _0\"></span>Ma<span class=\"_ _0\"></span>tcha<span class=\"_ _0\"></span>ms) Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1808 y48c5 w4ce h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1809 y48c5 w6b4 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y met<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x180a y48c5 w6b5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1777 y48c5 w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1778 y48c5 w6db h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48c6 w706 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing (S<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>nni<span class=\"_ _0\"></span>ng C<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>mo<span class=\"_ _0\"></span>n) Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x180b y48c6 w4dc h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x180c y48c6 w707 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x180d y48c6 w6b5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x180e y48c6 w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17c4 y48c6 w6be h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48c7 w708 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing (S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>amfo<span class=\"_ _0\"></span>rd<span class=\"_ _0\"></span>) Li<span class=\"_ _0\"></span>mite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1806 y48c7 w4c4 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1775 y48c7 w6b9 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Eq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1776 y48c7 w6b5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x180f y48c7 w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1810 y48c7 w6db h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48c8 w709 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws54\">Senior Living (Sunbury<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>-<span class=\"_ _1\"></span>Thames)<span class=\"_ _1\"></span> Limited<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17e1 y48c8 w4d5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17e2 y48c8 w6d5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Eq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17e3 y48c8 w6b5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17e4 y48c8 w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17e5 y48c8 w6be h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48c9 w70a h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing (<span class=\"_ _3\"></span>T<span class=\"_ _1\"></span>atten<span class=\"_ _0\"></span>hal<span class=\"_ _0\"></span>l) L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1811 y48c9 w4d7 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1812 y48c9 w6b4 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y met<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1813 y48c9 w6b5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1814 y48c9 w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1815 y48c9 w6db h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48ca w70b h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing (<span class=\"_ _3\"></span>T<span class=\"_ _1\"></span>unbr<span class=\"_ _0\"></span>idg<span class=\"_ _0\"></span>e Well<span class=\"_ _0\"></span>s) Limi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1816 y48ca w4d7 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1817 y48ca w6f9 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equi<span class=\"_ _0\"></span>ty m<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17d1 y48ca w6b5 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1818 y48ca w4e3 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1819 y48ca w6be h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48cb w70c h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing (<span class=\"_ _3\"></span>T<span class=\"_ _1\"></span>urv<span class=\"_ _0\"></span>ey) Li<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x181a y48cb w4ce h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17f2 y48cb w6ce h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17f3 y48cb w6b5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17f4 y48cb w4e0 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x181b y48cb w6be h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y461c w70d h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing (<span class=\"_ _3\"></span>Walker<span class=\"_ _0\"></span>n) Lim<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x181c y461c w4d5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x181d y461c w6d5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Eq<span class=\"_ _0\"></span>ui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y met<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17da y461c w6b5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17db y461c w4e3 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17dc y461c w6be h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y456d w70e h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing (<span class=\"_ _3\"></span>War<span class=\"_ _0\"></span>wic<span class=\"_ _0\"></span>k Ga<span class=\"_ _0\"></span>tes) Limi<span class=\"_ _0\"></span>ted<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x181e y456d w4ce h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England a<span class=\"_ _1\"></span>nd Wa<span class=\"_ _1\"></span>les<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1770 y456d w6bd h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y m<span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span>od<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1771 y456d w6b5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1772 y456d w4e6 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">O<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x181f y456d w6c3 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48cc w70f h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or L<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>ing F<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce 1 L<span class=\"_ _0\"></span>im<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17ff y48cc w4ce h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England<span class=\"_ _1\"></span> and W<span class=\"_ _1\"></span>ales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1800 y48cc w6ce h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1801 y48cc w6b5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17ad y48cc w4e0 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17ae y48cc w6be h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">50.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4437 w710 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Se<span class=\"_ _0\"></span>nn<span class=\"_ _0\"></span>en F<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ce D<span class=\"_ _0\"></span>esi<span class=\"_ _0\"></span>gn<span class=\"_ _0\"></span>ated A<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y Co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>any<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1820 y4437 w278 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ireland<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1788 y4437 w6cb h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y m<span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span>od<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1789 y4437 w6b5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x178a y4437 w711 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls18e ws1af\">N<span class=\"_ _0\"></span>/A<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1821 y4437 w712 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">0.0%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4438 w713 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Sero T<span class=\"_ _4\"></span>echnologies Lim<span class=\"_ _1\"></span>ited<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17f5 y4438 w4c4 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1822 y4438 w714 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls1 ws0\">F<span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>T<span class=\"_ _0\"></span>PL<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1823 y4438 w6d9 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws11c\">Asso<span class=\"_ _0\"></span>ciate<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1824 y4438 w4e0 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws132\">Ordinar<span class=\"_ _0\"></span>y<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1825 y4438 w715 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls1a5 ws1df\">21.<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td></td><td></td><td></td><td></td><td class=\"t m0 x42c h1a y48cd ff3 fs6 fc1 sc0 ls55 ws59\">Ordinar<span class=\"_ _0\"></span>y &amp; </td><td></td></tr><tr><td class=\"c n x1cb y4121 w716 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls55 ws59\">Smar<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>365 Financ<span class=\"_ _0\"></span>e Limited<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1826 y4121 w4d7 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and Wa<span class=\"_ _1\"></span>les<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17c1 y4121 w6ec h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls1 ws0\">F<span class=\"_ _0\"></span>V<span class=\"_ _0\"></span>TPL<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1827 y4121 w6ed h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws11c\">Associate<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1828 y4121 w717 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls112 ws6\">Anti<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>dilu<span class=\"_ _0\"></span>tion<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1829 y4121 w718 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls10e ws11c\">35.2%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ac w719 h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">SO<span class=\"_ _0\"></span>J<span class=\"_ _0\"></span>V LL<span class=\"_ _0\"></span>P<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x182a y40ac w4c4 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11e ws5c\">England and<span class=\"_ _1\"></span> Wales<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x176a y40ac w6b9 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x176b y40ac w6b5 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls149 ws29\">Joint venture<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x176c y40ac w4c1 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls11b ws13f\">Par<span class=\"_ _0\"></span>tnership<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x176d y40ac w6ba h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">5<span class=\"_ _0\"></span>0.0<span class=\"_ _0\"></span>%<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w71a h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws54\">T<span class=\"_ _1\"></span>echficient Holdings<span class=\"_ _1\"></span> LLC<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x179b y40ae w5a6 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls52 ws12a\">USA<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x182b y40ae w6c6 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">Eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y m<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>d<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x182c y40ae w6ed h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws11c\">Associate<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x17be y40ae w711 h11b\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls18e ws1af\">N<span class=\"_ _0\"></span>/A<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x182d y40ae w6db h11c\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls112 ws6\">45.0<span class=\"_ _0\"></span>%</div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-26": {
   "value": "One Coleman Street, London, EC2R 5AA ",
   "dimensions": {
    "concept": "ifrs-full:AddressOfRegisteredOfficeOfEntity",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-619": {
   "value": "<div class=\"t m2 he ff1 fs8 fc2 sc0 ls1a9 ws1e4 gsa75\">42<span class=\"_ _0\"></span><span class=\"ls26 ws93\">.<span class=\"_ _0\"></span> <span class=\"_ _1c6\"> </span>I<span class=\"_ _0\"></span>nterest<span class=\"_ _0\"></span>s i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> str<span class=\"_ _3\"></span>uct<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>red<span class=\"_ _0\"></span> entities<span class=\"_ _3b2\"> </span></span></div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws0 gsa76\">A str<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>ture<span class=\"_ _0\"></span>d enti<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y is an en<span class=\"_ _0\"></span>tit<span class=\"_ _0\"></span>y th<span class=\"_ _0\"></span>at has b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n desi<span class=\"_ _0\"></span>gne<span class=\"_ _0\"></span>d so th<span class=\"_ _0\"></span>at voting o<span class=\"_ _0\"></span>r simi<span class=\"_ _0\"></span>lar ri<span class=\"_ _0\"></span>ghts a<span class=\"_ _0\"></span>re not th<span class=\"_ _0\"></span>e dom<span class=\"_ _0\"></span>inati<span class=\"_ _0\"></span>ng fac<span class=\"_ _0\"></span>tor in de<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>ding w<span class=\"_ _0\"></span>ho co<span class=\"_ _0\"></span>ntro<span class=\"_ _0\"></span>ls </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gsa77\">the<span class=\"_ gsec\"> </span>e<span class=\"_ _0\"></span>ntit<span class=\"_ _0\"></span>y, such as whe<span class=\"_ _0\"></span>n voting rig<span class=\"_ _0\"></span>hts mig<span class=\"_ _0\"></span>ht relate to administ<span class=\"_ _0\"></span>rative tas<span class=\"_ _0\"></span>ks onl<span class=\"_ _0\"></span>y and the rel<span class=\"_ _0\"></span>evant ac<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>itie<span class=\"_ _0\"></span>s are dire<span class=\"_ _0\"></span>cted by mean<span class=\"_ _0\"></span>s of contr<span class=\"_ _0\"></span>actu<span class=\"_ _0\"></span>al </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gsa78\">arr<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>. The G<span class=\"_ _0\"></span>roup has in<span class=\"_ _0\"></span>terests in inve<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent vehi<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>es whic<span class=\"_ _0\"></span>h, de<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>ng upo<span class=\"_ _0\"></span>n thei<span class=\"_ _0\"></span>r status<span class=\"_ _0\"></span>, are clas<span class=\"_ _0\"></span>sif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d as eith<span class=\"_ _0\"></span>er co<span class=\"_ _0\"></span>nsol<span class=\"_ _0\"></span>idated or<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gsa79\">unc<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>olid<span class=\"_ _0\"></span>ated str<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>ture<span class=\"_ _0\"></span>d enti<span class=\"_ _0\"></span>ties as des<span class=\"_ _0\"></span>cr<span class=\"_ _0\"></span>ibe<span class=\"_ _0\"></span>d bel<span class=\"_ _0\"></span>ow:<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff3 fs5 fc1 sc0 ls9 ws15 gsa7a\">\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">debt se<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>, co<span class=\"_ _0\"></span>nsisti<span class=\"_ _0\"></span>ng of tradi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal asse<span class=\"_ _0\"></span>t backe<span class=\"_ _0\"></span>d sec<span class=\"_ _0\"></span>uri<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>, toge<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r with se<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>itis<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n and deb<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>tures an<span class=\"_ _0\"></span>d coll<span class=\"_ _0\"></span>ateralis<span class=\"_ _0\"></span>ed de<span class=\"_ _0\"></span>bt </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gsa7b\">obli<span class=\"_ _0\"></span>gatio<span class=\"_ _0\"></span>ns<span class=\"_ gsec\"> </span>(CD<span class=\"_ _0\"></span>Os)<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff3 fs5 fc1 sc0 ls9 ws15 gsa7c\">\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t fund<span class=\"_ _0\"></span>s, larg<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>y bein<span class=\"_ _0\"></span>g unit tr<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>ts<span class=\"_ _3b2\"> </span></span></div><div class=\"t m2 ha ff3 fs5 fc1 sc0 ls9 ws15 gsa7d\">\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">spe<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>lise<span class=\"_ _0\"></span>d investm<span class=\"_ _0\"></span>ent veh<span class=\"_ _0\"></span>icl<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, analys<span class=\"_ _0\"></span>ed be<span class=\"_ _0\"></span>twe<span class=\"_ _0\"></span>en Ir<span class=\"_ _0\"></span>ish C<span class=\"_ _0\"></span>olle<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ive Ass<span class=\"_ _0\"></span>et-<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt Vehicl<span class=\"_ _0\"></span>es (IC<span class=\"_ _0\"></span>AV<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>), Op<span class=\"_ _0\"></span>en En<span class=\"_ _0\"></span>ded Inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent C<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>anie<span class=\"_ _0\"></span>s </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gsa7e\">(OEIC<span class=\"_ _0\"></span>s), Soc<span class=\"_ _0\"></span>i\u00e9t\u00e9s d\u2019<span class=\"_ _0\"></span>Inves<span class=\"_ _0\"></span>tiss<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent \u00e0 Cap<span class=\"_ _0\"></span>ital Varia<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span>s (SICAVs<span class=\"_ _1\"></span>), Spe<span class=\"_ _0\"></span>ciali<span class=\"_ _0\"></span>sed Inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt Fund<span class=\"_ _0\"></span>s (SIFs), Autho<span class=\"_ _0\"></span>rise<span class=\"_ _0\"></span>d Co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>ctua<span class=\"_ _0\"></span>l Sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>es (AC<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>s), </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gsa7f\">Qua<span class=\"_ _0\"></span>lif<span class=\"_ _0\"></span>yi<span class=\"_ _0\"></span>ng Inves<span class=\"_ _0\"></span>tor Alte<span class=\"_ _0\"></span>rnati<span class=\"_ _0\"></span>ve Investm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t Fund (QIA<span class=\"_ _0\"></span>IF<span class=\"_ _0\"></span>), liq<span class=\"_ _0\"></span>uidi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y fund<span class=\"_ _0\"></span>s, C<span class=\"_ _0\"></span>omm<span class=\"_ _0\"></span>on C<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>tual Fund (CC<span class=\"_ _0\"></span>F<span class=\"_ _0\"></span>), and pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y uni<span class=\"_ _0\"></span>t trus<span class=\"_ _0\"></span>ts.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 lsd ws0 gsa80\">All of th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up\u2019s hol<span class=\"_ _0\"></span>ding<span class=\"_ _0\"></span>s in the a<span class=\"_ _0\"></span>bove veh<span class=\"_ _0\"></span>icl<span class=\"_ _0\"></span>es are su<span class=\"_ _0\"></span>bje<span class=\"_ _0\"></span>ct to the te<span class=\"_ _0\"></span>rms a<span class=\"_ _0\"></span>nd co<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns of the re<span class=\"_ _0\"></span>sp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tive inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt ve<span class=\"_ _0\"></span>hicl<span class=\"_ _0\"></span>e\u2019s offer<span class=\"_ _0\"></span>ing d<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>enta<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gsa81\">and are sus<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ptibl<span class=\"_ _0\"></span>e to market pri<span class=\"_ _0\"></span>ce ris<span class=\"_ _0\"></span>k arisin<span class=\"_ _0\"></span>g from un<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tai<span class=\"_ _0\"></span>ntie<span class=\"_ _0\"></span>s abou<span class=\"_ _0\"></span>t fu<span class=\"_ _0\"></span>ture valu<span class=\"_ _0\"></span>es of those inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt vehi<span class=\"_ _0\"></span>cle<span class=\"_ _0\"></span>s. Th<span class=\"_ _0\"></span>e invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t manag<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gsa82\">makes inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt de<span class=\"_ _0\"></span>cisio<span class=\"_ _0\"></span>ns af<span class=\"_ _0\"></span>ter ex<span class=\"_ _0\"></span>tensi<span class=\"_ _0\"></span>ve due dilig<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ce of the und<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>lyi<span class=\"_ _0\"></span>ng inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt vehic<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>, inclu<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>g con<span class=\"_ _0\"></span>side<span class=\"_ _0\"></span>ratio<span class=\"_ _0\"></span>n of its strate<span class=\"_ _0\"></span>gy and th<span class=\"_ _0\"></span>e </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gsa83\">overall qu<span class=\"_ _0\"></span>alit<span class=\"_ _0\"></span>y of the un<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>ly<span class=\"_ _0\"></span>ing inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt vehi<span class=\"_ _0\"></span>cle<span class=\"_ _0\"></span>\u2019s manage<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws0 gsa84\">All of th<span class=\"_ _0\"></span>e inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt vehi<span class=\"_ _0\"></span>cle<span class=\"_ _0\"></span>s in th<span class=\"_ _0\"></span>e invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>folio a<span class=\"_ _0\"></span>re mana<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>d by por<span class=\"_ _3\"></span>tfol<span class=\"_ _0\"></span>io man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>rs wh<span class=\"_ _0\"></span>o are co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>ated by th<span class=\"_ _0\"></span>e resp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tive inve<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gsa85\">vehic<span class=\"_ _0\"></span>les for th<span class=\"_ _0\"></span>eir se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces<span class=\"_ _0\"></span>. Su<span class=\"_ _0\"></span>ch co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>ation g<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>rall<span class=\"_ _0\"></span>y con<span class=\"_ _0\"></span>sists of an asse<span class=\"_ _0\"></span>t-<span class=\"_ _0\"></span>base<span class=\"_ _0\"></span>d fee and a pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>form<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e related in<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ntive fee<span class=\"_ _0\"></span>, and is refl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gsa86\">in the valu<span class=\"_ _0\"></span>ation of the inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt vehi<span class=\"_ _0\"></span>cle<span class=\"_ _0\"></span>s.<span class=\"_ _3b2\"> </span></div><div class=\"t m2 h21 ff1 fs10 fc2 sc0 ls77 ws0 gsa87\">(i<span class=\"_ _1\"></span>) <span class=\"_ _8\"> </span>Intere<span class=\"_ _0\"></span>sts i<span class=\"_ _0\"></span>n c<span class=\"_ _0\"></span>onsol<span class=\"_ _0\"></span>idated st<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>uct<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d entitie<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gsa88\">Th<span class=\"_ _0\"></span>e Group ha<span class=\"_ _0\"></span>s deter<span class=\"_ _0\"></span>mine<span class=\"_ _0\"></span>d that whe<span class=\"_ _0\"></span>re it has co<span class=\"_ _0\"></span>ntro<span class=\"_ _0\"></span>l over an investm<span class=\"_ _0\"></span>ent ve<span class=\"_ _0\"></span>hicl<span class=\"_ _0\"></span>e, that inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent is a con<span class=\"_ _0\"></span>solid<span class=\"_ _0\"></span>ated str<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>ture<span class=\"_ _0\"></span>d enti<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _1\"></span>. The G<span class=\"_ _0\"></span>roup has<span class=\"_ _0\"></span> </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gsa89\">not provi<span class=\"_ _0\"></span>ded<span class=\"_ _0\"></span>, and has no in<span class=\"_ _0\"></span>tentio<span class=\"_ _0\"></span>n to provide<span class=\"_ _0\"></span>, fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al or othe<span class=\"_ _0\"></span>r supp<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>t to <span class=\"_ _1\"></span>any othe<span class=\"_ _0\"></span>r stru<span class=\"_ _0\"></span>ctu<span class=\"_ _0\"></span>red en<span class=\"_ _0\"></span>titi<span class=\"_ _0\"></span>es whic<span class=\"_ _0\"></span>h it doe<span class=\"_ _0\"></span>s not con<span class=\"_ _0\"></span>soli<span class=\"_ _0\"></span>date. </div><div class=\"t m2 h21 ff1 fs10 fc2 sc0 ls77 ws0 gsa8a\">(ii) <span class=\"_ _d\"> </span>Intere<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s in u<span class=\"_ _0\"></span>ncons<span class=\"_ _0\"></span>olid<span class=\"_ _0\"></span>ated st<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>uct<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>red ent<span class=\"_ _0\"></span>ities<span class=\"_ _3b2\"> </span></div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gsa8b\">As par<span class=\"_ _3\"></span>t of its investm<span class=\"_ _0\"></span>ent ac<span class=\"_ _0\"></span>tivi<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>, the Gr<span class=\"_ _0\"></span>oup also inve<span class=\"_ _0\"></span>sts in unc<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>soli<span class=\"_ _0\"></span>dated str<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>ture<span class=\"_ _0\"></span>d enti<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>. As at 31 De<span class=\"_ _0\"></span>cem<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>24, the Gr<span class=\"_ _0\"></span>oup\u2019s interes<span class=\"_ _0\"></span>t in </div><div class=\"t m2 h9 ff3 fs5 fc1 sc0 ls9 ws0 gsa8c\">suc<span class=\"_ _0\"></span>h enti<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s refl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted on t<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up\u2019s Co<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>lidated B<span class=\"_ _0\"></span>ala<span class=\"_ _0\"></span>nce S<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t and cl<span class=\"_ _0\"></span>assi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ed as f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nts he<span class=\"_ _0\"></span>ld at fai<span class=\"_ _0\"></span>r value t<span class=\"_ _0\"></span>hrou<span class=\"_ _0\"></span>gh prof<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t or lo<span class=\"_ _0\"></span>ss </div><div class=\"t m2 ha ff4 fs5 fc1 sc0 ls9 ws15 gsa8d\">was \u00a325<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>01<span class=\"_ _1\"></span>5m (202<span class=\"_ _0\"></span>3: \u00a3<span class=\"_ _0\"></span>23<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>m). <span class=\"_ _1\"></span>A summ<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y of the Gro<span class=\"_ _0\"></span>up\u2019s interests in un<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>lidated s<span class=\"_ _0\"></span>tru<span class=\"_ _0\"></span>ctu<span class=\"_ _0\"></span>red ent<span class=\"_ _0\"></span>itie<span class=\"_ _0\"></span>s is provid<span class=\"_ _0\"></span>ed be<span class=\"_ _0\"></span>low:<span class=\"_ _3b2\"> </span></div><div class=\"gsa8e\"><table class=\"s w46b h1d4\" id=\"_bbfeee36-b9d9-41ff-a98c-621b783e3dfb\"><tr><td></td><td class=\"t m2 xac7 h13 y48ce ff5 fs9 fc1 sc0 ls38 ws3a\">Financial<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xbad hf y48ce ff3 fs9 fc1 sc0 ls187 ws19c\">Financial<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 xb54 h13 y48cf ff6 fs9 fc1 sc0 ls3d ws131\">investments<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1381 hf y48cf ff3 fs9 fc1 sc0 ls187 ws19c\">investments<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x1c6 h13 y48d0 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y48d0 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x1c8 h13 y48d1 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y48d1 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 hb y48d2 ff5 fs6 fc1 sc0 ls10e ws54\">Debt secu<span class=\"_ _0\"></span>rities<span class=\"_ _3b2\"> </span></td><td></td><td></td></tr><tr><td class=\"t m2 x206 hc y48d3 ff4 fs6 fc1 sc0 ls56 ws55\">An<span class=\"_ _0\"></span>aly<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d as:<span class=\"_ _3b2\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4301 w5b6 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws54\">Asset backed securities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1e7 y4301 w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">4,024<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1e8 y4301 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,575<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41cd w71b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls112 ws1e\">Se<span class=\"_ _0\"></span>curi<span class=\"_ _0\"></span>tisation<span class=\"_ _0\"></span>s and debe<span class=\"_ _0\"></span>ntures<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x182e y41cd w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">962<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x182f y41cd w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">150<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48d4 w71c h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls11e ws141\">CDOs<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1830 y48d4 w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">66<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb26 y48d4 w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">69<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 hb y48d5 ff6 fs6 fc1 sc0 ls56 ws55\">Inve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt fu<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d spe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>lis<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d inves<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t vehi<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></td><td></td><td></td></tr><tr><td class=\"t m2 x206 hc y48d6 ff4 fs6 fc1 sc0 ls56 ws55\">An<span class=\"_ _0\"></span>aly<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d as:<span class=\"_ _3b2\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1cb y41d1 w71d h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11c ws25\">Unit t<span class=\"_ _1\"></span>rusts<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1831 y41d1 w2f h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">13,991<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14cb y41d1 w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">12,382<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4508 w71e h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws23\">Property limit<span class=\"_ _1\"></span>ed partnership<span class=\"_ _1\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1599 y4508 w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">806<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa09 y4508 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">881<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4189 w71f h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>xch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e tr<span class=\"_ _0\"></span>ade<span class=\"_ _0\"></span>d fu<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x234 y4189 w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">209<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x235 y4189 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">385<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y43a6 w720 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 lsea ws27\">Liquidit<span class=\"_ _0\"></span>y funds<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1832 y43a6 w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">22<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1833 y43a6 w4b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">750<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c0 w721 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls1aa ws1e5\">I<span class=\"_ _0\"></span>C<span class=\"_ _0\"></span>AV<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x904 y40c0 w4a h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">279<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1ed y40c0 w4b h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">189<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4180 w722 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls11b ws13f\">OEICs<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1834 y4180 w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">411<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14c4 y4180 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">481<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c2 w723 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls1aa ws1e5\">S<span class=\"_ _0\"></span>I<span class=\"_ _0\"></span>C<span class=\"_ _3\"></span>AVs<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x137b y40c2 w4a h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">569<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x137c y40c2 w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">386<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w724 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 lsf3 wsfa\">SIFs<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1835 y4121 w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">3,650<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1241 y4121 w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">4,100<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4122 w725 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws23\">Property unit trus<span class=\"_ _1\"></span>ts<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x56b y4122 w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">26<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x205 y4122 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">106<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w21b h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws0\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x57c y40ae w2f h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">25,015<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3bf y40ae wd3 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">23,454<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gsa90\">Mana<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t fees rec<span class=\"_ _0\"></span>ei<span class=\"_ _0\"></span>ved for invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts that the Gro<span class=\"_ _0\"></span>up man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>s also repre<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>t interes<span class=\"_ _0\"></span>ts in unc<span class=\"_ _0\"></span>onso<span class=\"_ _0\"></span>lida<span class=\"_ _0\"></span>ted stru<span class=\"_ _0\"></span>ctu<span class=\"_ _0\"></span>red en<span class=\"_ _0\"></span>titi<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, and the Gro<span class=\"_ _0\"></span>up </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gsa91\">always maint<span class=\"_ _0\"></span>ains an intere<span class=\"_ _0\"></span>st in tho<span class=\"_ _0\"></span>se fun<span class=\"_ _0\"></span>ds whic<span class=\"_ _0\"></span>h it mana<span class=\"_ _0\"></span>ges<span class=\"_ _0\"></span>. Whe<span class=\"_ _0\"></span>re the Gro<span class=\"_ _0\"></span>up do<span class=\"_ _0\"></span>es not man<span class=\"_ _0\"></span>age th<span class=\"_ _0\"></span>e investm<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span>, its ma<span class=\"_ _0\"></span>xim<span class=\"_ _0\"></span>um exp<span class=\"_ _0\"></span>osu<span class=\"_ _0\"></span>re to loss </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gsa92\">is the car<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 in the Grou<span class=\"_ _0\"></span>p Co<span class=\"_ _0\"></span>nsoli<span class=\"_ _0\"></span>dated Ba<span class=\"_ _0\"></span>lanc<span class=\"_ _0\"></span>e Sh<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t. W<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>e the Grou<span class=\"_ _0\"></span>p doe<span class=\"_ _0\"></span>s manag<span class=\"_ _0\"></span>e thes<span class=\"_ _0\"></span>e investm<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span>, the ma<span class=\"_ _0\"></span>xim<span class=\"_ _0\"></span>um exp<span class=\"_ _0\"></span>osu<span class=\"_ _0\"></span>re is </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gsa93\">the un<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>ly<span class=\"_ _0\"></span>ing bal<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e she<span class=\"_ _0\"></span>et valu<span class=\"_ _0\"></span>e, toge<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r with fu<span class=\"_ _0\"></span>ture man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt fees<span class=\"_ _0\"></span>. </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gsa94\">Th<span class=\"_ _0\"></span>e table b<span class=\"_ _0\"></span>elow sh<span class=\"_ _0\"></span>ows the asse<span class=\"_ _0\"></span>ts unde<span class=\"_ _0\"></span>r mana<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t of those str<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>ture<span class=\"_ _0\"></span>d enti<span class=\"_ _0\"></span>ties whi<span class=\"_ _0\"></span>ch the Gr<span class=\"_ _0\"></span>oup ma<span class=\"_ _0\"></span>nage<span class=\"_ _0\"></span>s, tog<span class=\"_ _0\"></span>ethe<span class=\"_ _0\"></span>r with inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 ls9 ws15 gsa95\">mana<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t fees rec<span class=\"_ _0\"></span>eive<span class=\"_ _0\"></span>d from ex<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>rnal pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s.<span class=\"_ _3b2\"> </span></div><div class=\"gsa96\"><table class=\"s w726 h1d5\" id=\"_de388bf6-e538-4d4d-8ee8-44040c955569\"><tr><td></td><td></td><td class=\"t m0 x45d h13 y48d7 ff6 fs9 fc1 sc0 ls2c ws34\">Inve<span class=\"_ _1\"></span>stment<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m0 x1504 hf y48d7 ff3 fs9 fc1 sc0 ls187 ws19c\">Investment<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x1836 h13 y48d8 ff5 fs9 fc1 sc0 ls3d ws131\">management<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m0 x8d4 hf y48d8 ff3 fs9 fc1 sc0 ls1b ws1f\">manageme<span class=\"_ _0\"></span>nt<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m0 x866 h13 y48d9 ff5 fs9 fc1 sc0 ls193 ws1b7\">AUM<span class=\"_ _3b2\"> </span></td><td class=\"t m0 xb68 h13 y48d9 ff5 fs9 fc1 sc0 ls1b ws1f\">fees<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x49a hf y48d9 ff3 fs9 fc1 sc0 ls187 ws19c\">AUM<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x145d hf y48d9 ff3 fs9 fc1 sc0 ls18b ws186\">fee<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m0 x430 h13 y48da ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x431 h13 y48da ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c6 hf y48da ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c7 hf y48da ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m0 xac3 h13 y48db ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x433 h13 y48db ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c8 hf y48db ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 hf y48db ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y40b8 w727 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">Inve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt fu<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1837 y40b8 w81 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">103,510<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5b3 y40b8 w4a h118\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">131<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1838 y40b8 w3e h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">91,256<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1839 y40b8 w42 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">124<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ba w728 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">Sp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d inve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt veh<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x183a y40ba w93 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">29,688<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x183b y40ba w70 h118\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">54<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x183c y40ba w3e h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">30,624<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x183d y40ba w39 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">61<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 hc y48dc ff4 fs6 fc1 sc0 ls56 ws55\">An<span class=\"_ _0\"></span>aly<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d as:<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y41d1 w729 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1f ws24\">ACS<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x183e y41d1 w36 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,538<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x183f y41d1 w59 h118\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa8a y41d1 w37 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,530<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x22a y41d1 w75 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4508 w722 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls11b ws13f\">OEICs<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x853 y4508 w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">222<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x764 y4508 w59 h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1840 y4508 w4b h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">276<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1841 y4508 w50 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40be w723 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls1aa ws1e5\">S<span class=\"_ _0\"></span>I<span class=\"_ _0\"></span>C<span class=\"_ _3\"></span>AVs<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1842 y40be w36 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,358<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1843 y40be w59 h118\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x831 y40be w37 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,960<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1844 y40be w75 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40bf w71e h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Property limit<span class=\"_ _1\"></span>ed partnership<span class=\"_ _1\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x92b y40bf w36 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">3,289<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1845 y40bf w7b h118\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">13<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1846 y40bf w37 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,380<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb26 y40bf w39 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">16<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c0 w71f h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>xch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e tr<span class=\"_ _0\"></span>ade<span class=\"_ _0\"></span>d fu<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x76b y40c0 w36 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">9,463<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1532 y40c0 w70 h118\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">25<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1847 y40c0 w3e h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">11,127<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6ef y40c0 w39 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">29<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c1 w721 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls1aa ws1e5\">I<span class=\"_ _0\"></span>C<span class=\"_ _0\"></span>AV<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1848 y40c1 w36 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">6,522<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1849 y40c1 wa8 h118\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws0\">8<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x184a y40c1 w30 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">7,434<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf9d y40c1 w50 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">8<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4182 w72a h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls180 ws19b\">QIAIF<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x439 y4182 w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">967<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x936 y4182 wa8 h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x937 y4182 w42 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">852<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3a5 y4182 w75 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4183 w720 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 lsea ws27\">Liquidit<span class=\"_ _0\"></span>y funds<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa67 y4183 wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x184b y4183 wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x139e y4183 w42 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">303<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x184c y4183 w50 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4158 w72b h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls12e ws142\">CCF<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x184d y4158 w36 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">4,329<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1393 y4158 w59 h118\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x184e y4158 w37 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,762<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x184f y4158 w50 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w21b h118\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws0\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1850 y40ae w89 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">133,198<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1622 y40ae w4a h118\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">185<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1851 y40ae w82 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">121,880<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x403 y40ae w4b h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">185<span class=\"_ _3b2\"> </span></div></td></tr></table></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 lsd ws7f gsa97\">No signif<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>can<span class=\"_ _0\"></span>t spons<span class=\"_ _0\"></span>ors<span class=\"_ _0\"></span>hip has be<span class=\"_ _0\"></span>en provid<span class=\"_ _0\"></span>ed to any <span class=\"_ _1\"></span>of the above entitie<span class=\"_ _0\"></span>s. The Gro<span class=\"_ _0\"></span>up has not, and has no intentio<span class=\"_ _0\"></span>n, to provide any signif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 lsd ws7f gsa98\">or other sup<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t to <span class=\"_ _1\"></span>any other str<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>ture<span class=\"_ _0\"></span>d entiti<span class=\"_ _0\"></span>es whic<span class=\"_ _0\"></span>h it does not cons<span class=\"_ _0\"></span>olid<span class=\"_ _0\"></span>ate.<span class=\"_ _3b2\"> </span></div><div class=\"t m0 ha ff4 fs5 fc1 sc0 lsd ws7f gsa99\">In additi<span class=\"_ _0\"></span>on to the above, the Group has an expos<span class=\"_ _0\"></span>ure of <span class=\"_ _1\"></span>\u00a3<span class=\"_ _0\"></span>26<span class=\"_ _0\"></span>0m (202<span class=\"_ _0\"></span>3: \u00a3<span class=\"_ _0\"></span>23<span class=\"_ _0\"></span>9m) related to <span class=\"_ _1\"></span>spe<span class=\"_ _0\"></span>cial pur<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>se vehic<span class=\"_ _0\"></span>les clas<span class=\"_ _0\"></span>sif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d as <span class=\"_ _1\"></span>join<span class=\"_ _0\"></span>t ventures and<span class=\"_ _0\"></span> </div><div class=\"t m0 ha ff4 fs5 fc1 sc0 lsd ws7f gsa9a\">acc<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nted for using the equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y metho<span class=\"_ _0\"></span>d, wit<span class=\"_ _0\"></span>h a <span class=\"_ _1\"></span>car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing value on the Gro<span class=\"_ _0\"></span>up Con<span class=\"_ _0\"></span>soli<span class=\"_ _0\"></span>dated Bala<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e She<span class=\"_ _0\"></span>et as at <span class=\"_ _1\"></span>31 Dec<span class=\"_ _0\"></span>emb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>24 of <span class=\"_ _1\"></span>\u00a3nil (202<span class=\"_ _0\"></span>3: \u00a3nil<span class=\"_ _0\"></span>). </div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestsInUnconsolidatedStructuredEntitiesExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  },
  "fact-665": {
   "value": "42<span class=\"_ _0\"></span><span class=\"ls26 ws93\">.<span class=\"_ _0\"></span> <span class=\"_ _1c6\"> </span>I<span class=\"_ _0\"></span>nterest<span class=\"_ _0\"></span>s i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span> str<span class=\"_ _3\"></span>uct<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>red<span class=\"_ _0\"></span> entities<span class=\"_ _3b2\"> </span></span>A str<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>ture<span class=\"_ _0\"></span>d enti<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y is an en<span class=\"_ _0\"></span>tit<span class=\"_ _0\"></span>y th<span class=\"_ _0\"></span>at has b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n desi<span class=\"_ _0\"></span>gne<span class=\"_ _0\"></span>d so th<span class=\"_ _0\"></span>at voting o<span class=\"_ _0\"></span>r simi<span class=\"_ _0\"></span>lar ri<span class=\"_ _0\"></span>ghts a<span class=\"_ _0\"></span>re not th<span class=\"_ _0\"></span>e dom<span class=\"_ _0\"></span>inati<span class=\"_ _0\"></span>ng fac<span class=\"_ _0\"></span>tor in de<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>ding w<span class=\"_ _0\"></span>ho co<span class=\"_ _0\"></span>ntro<span class=\"_ _0\"></span>ls the<span class=\"_ gsec\"> </span>e<span class=\"_ _0\"></span>ntit<span class=\"_ _0\"></span>y, such as whe<span class=\"_ _0\"></span>n voting rig<span class=\"_ _0\"></span>hts mig<span class=\"_ _0\"></span>ht relate to administ<span class=\"_ _0\"></span>rative tas<span class=\"_ _0\"></span>ks onl<span class=\"_ _0\"></span>y and the rel<span class=\"_ _0\"></span>evant ac<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>itie<span class=\"_ _0\"></span>s are dire<span class=\"_ _0\"></span>cted by mean<span class=\"_ _0\"></span>s of contr<span class=\"_ _0\"></span>actu<span class=\"_ _0\"></span>al arr<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>. The G<span class=\"_ _0\"></span>roup has in<span class=\"_ _0\"></span>terests in inve<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent vehi<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>es whic<span class=\"_ _0\"></span>h, de<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>ng upo<span class=\"_ _0\"></span>n thei<span class=\"_ _0\"></span>r status<span class=\"_ _0\"></span>, are clas<span class=\"_ _0\"></span>sif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d as eith<span class=\"_ _0\"></span>er co<span class=\"_ _0\"></span>nsol<span class=\"_ _0\"></span>idated or<span class=\"_ _0\"></span> unc<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>olid<span class=\"_ _0\"></span>ated str<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>ture<span class=\"_ _0\"></span>d enti<span class=\"_ _0\"></span>ties as des<span class=\"_ _0\"></span>cr<span class=\"_ _0\"></span>ibe<span class=\"_ _0\"></span>d bel<span class=\"_ _0\"></span>ow:<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">debt se<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>, co<span class=\"_ _0\"></span>nsisti<span class=\"_ _0\"></span>ng of tradi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal asse<span class=\"_ _0\"></span>t backe<span class=\"_ _0\"></span>d sec<span class=\"_ _0\"></span>uri<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>, toge<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r with se<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>itis<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n and deb<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>tures an<span class=\"_ _0\"></span>d coll<span class=\"_ _0\"></span>ateralis<span class=\"_ _0\"></span>ed de<span class=\"_ _0\"></span>bt </span>obli<span class=\"_ _0\"></span>gatio<span class=\"_ _0\"></span>ns<span class=\"_ gsec\"> </span>(CD<span class=\"_ _0\"></span>Os)<span class=\"_ _3b2\"> </span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t fund<span class=\"_ _0\"></span>s, larg<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>y bein<span class=\"_ _0\"></span>g unit tr<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>ts<span class=\"_ _3b2\"> </span></span>\u2022 <span class=\"_ _21\"> </span><span class=\"ff4\">spe<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>lise<span class=\"_ _0\"></span>d investm<span class=\"_ _0\"></span>ent veh<span class=\"_ _0\"></span>icl<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, analys<span class=\"_ _0\"></span>ed be<span class=\"_ _0\"></span>twe<span class=\"_ _0\"></span>en Ir<span class=\"_ _0\"></span>ish C<span class=\"_ _0\"></span>olle<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ive Ass<span class=\"_ _0\"></span>et-<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>nag<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt Vehicl<span class=\"_ _0\"></span>es (IC<span class=\"_ _0\"></span>AV<span class=\"_ _1\"></span>s<span class=\"_ _1\"></span>), Op<span class=\"_ _0\"></span>en En<span class=\"_ _0\"></span>ded Inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent C<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>anie<span class=\"_ _0\"></span>s </span>(OEIC<span class=\"_ _0\"></span>s), Soc<span class=\"_ _0\"></span>i\u00e9t\u00e9s d\u2019<span class=\"_ _0\"></span>Inves<span class=\"_ _0\"></span>tiss<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent \u00e0 Cap<span class=\"_ _0\"></span>ital Varia<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span>s (SICAVs<span class=\"_ _1\"></span>), Spe<span class=\"_ _0\"></span>ciali<span class=\"_ _0\"></span>sed Inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt Fund<span class=\"_ _0\"></span>s (SIFs), Autho<span class=\"_ _0\"></span>rise<span class=\"_ _0\"></span>d Co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>ctua<span class=\"_ _0\"></span>l Sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>es (AC<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>s), Qua<span class=\"_ _0\"></span>lif<span class=\"_ _0\"></span>yi<span class=\"_ _0\"></span>ng Inves<span class=\"_ _0\"></span>tor Alte<span class=\"_ _0\"></span>rnati<span class=\"_ _0\"></span>ve Investm<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t Fund (QIA<span class=\"_ _0\"></span>IF<span class=\"_ _0\"></span>), liq<span class=\"_ _0\"></span>uidi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y fund<span class=\"_ _0\"></span>s, C<span class=\"_ _0\"></span>omm<span class=\"_ _0\"></span>on C<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>tual Fund (CC<span class=\"_ _0\"></span>F<span class=\"_ _0\"></span>), and pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y uni<span class=\"_ _0\"></span>t trus<span class=\"_ _0\"></span>ts.<span class=\"_ _3b2\"> </span>All of th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up\u2019s hol<span class=\"_ _0\"></span>ding<span class=\"_ _0\"></span>s in the a<span class=\"_ _0\"></span>bove veh<span class=\"_ _0\"></span>icl<span class=\"_ _0\"></span>es are su<span class=\"_ _0\"></span>bje<span class=\"_ _0\"></span>ct to the te<span class=\"_ _0\"></span>rms a<span class=\"_ _0\"></span>nd co<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns of the re<span class=\"_ _0\"></span>sp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tive inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt ve<span class=\"_ _0\"></span>hicl<span class=\"_ _0\"></span>e\u2019s offer<span class=\"_ _0\"></span>ing d<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>enta<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span> and are sus<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ptibl<span class=\"_ _0\"></span>e to market pri<span class=\"_ _0\"></span>ce ris<span class=\"_ _0\"></span>k arisin<span class=\"_ _0\"></span>g from un<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tai<span class=\"_ _0\"></span>ntie<span class=\"_ _0\"></span>s abou<span class=\"_ _0\"></span>t fu<span class=\"_ _0\"></span>ture valu<span class=\"_ _0\"></span>es of those inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt vehi<span class=\"_ _0\"></span>cle<span class=\"_ _0\"></span>s. Th<span class=\"_ _0\"></span>e invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t manag<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span> makes inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt de<span class=\"_ _0\"></span>cisio<span class=\"_ _0\"></span>ns af<span class=\"_ _0\"></span>ter ex<span class=\"_ _0\"></span>tensi<span class=\"_ _0\"></span>ve due dilig<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ce of the und<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>lyi<span class=\"_ _0\"></span>ng inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt vehic<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>, inclu<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>g con<span class=\"_ _0\"></span>side<span class=\"_ _0\"></span>ratio<span class=\"_ _0\"></span>n of its strate<span class=\"_ _0\"></span>gy and th<span class=\"_ _0\"></span>e overall qu<span class=\"_ _0\"></span>alit<span class=\"_ _0\"></span>y of the un<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>ly<span class=\"_ _0\"></span>ing inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt vehi<span class=\"_ _0\"></span>cle<span class=\"_ _0\"></span>\u2019s manage<span class=\"_ _0\"></span>r<span class=\"_ _1\"></span>.<span class=\"_ _3b2\"> </span>All of th<span class=\"_ _0\"></span>e inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt vehi<span class=\"_ _0\"></span>cle<span class=\"_ _0\"></span>s in th<span class=\"_ _0\"></span>e invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>folio a<span class=\"_ _0\"></span>re mana<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>d by por<span class=\"_ _3\"></span>tfol<span class=\"_ _0\"></span>io man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>rs wh<span class=\"_ _0\"></span>o are co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>ated by th<span class=\"_ _0\"></span>e resp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tive inve<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span> vehic<span class=\"_ _0\"></span>les for th<span class=\"_ _0\"></span>eir se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces<span class=\"_ _0\"></span>. Su<span class=\"_ _0\"></span>ch co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>ation g<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>rall<span class=\"_ _0\"></span>y con<span class=\"_ _0\"></span>sists of an asse<span class=\"_ _0\"></span>t-<span class=\"_ _0\"></span>base<span class=\"_ _0\"></span>d fee and a pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>form<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e related in<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ntive fee<span class=\"_ _0\"></span>, and is refl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted in the valu<span class=\"_ _0\"></span>ation of the inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt vehi<span class=\"_ _0\"></span>cle<span class=\"_ _0\"></span>s.<span class=\"_ _3b2\"> </span>(i<span class=\"_ _1\"></span>) <span class=\"_ _8\"> </span>Intere<span class=\"_ _0\"></span>sts i<span class=\"_ _0\"></span>n c<span class=\"_ _0\"></span>onsol<span class=\"_ _0\"></span>idated st<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>uct<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d entitie<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span>Th<span class=\"_ _0\"></span>e Group ha<span class=\"_ _0\"></span>s deter<span class=\"_ _0\"></span>mine<span class=\"_ _0\"></span>d that whe<span class=\"_ _0\"></span>re it has co<span class=\"_ _0\"></span>ntro<span class=\"_ _0\"></span>l over an investm<span class=\"_ _0\"></span>ent ve<span class=\"_ _0\"></span>hicl<span class=\"_ _0\"></span>e, that inves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ent is a con<span class=\"_ _0\"></span>solid<span class=\"_ _0\"></span>ated str<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>ture<span class=\"_ _0\"></span>d enti<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _1\"></span>. The G<span class=\"_ _0\"></span>roup has<span class=\"_ _0\"></span> not provi<span class=\"_ _0\"></span>ded<span class=\"_ _0\"></span>, and has no in<span class=\"_ _0\"></span>tentio<span class=\"_ _0\"></span>n to provide<span class=\"_ _0\"></span>, fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al or othe<span class=\"_ _0\"></span>r supp<span class=\"_ _0\"></span>or<span class=\"_ _3\"></span>t to <span class=\"_ _1\"></span>any othe<span class=\"_ _0\"></span>r stru<span class=\"_ _0\"></span>ctu<span class=\"_ _0\"></span>red en<span class=\"_ _0\"></span>titi<span class=\"_ _0\"></span>es whic<span class=\"_ _0\"></span>h it doe<span class=\"_ _0\"></span>s not con<span class=\"_ _0\"></span>soli<span class=\"_ _0\"></span>date. (ii) <span class=\"_ _d\"> </span>Intere<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>s in u<span class=\"_ _0\"></span>ncons<span class=\"_ _0\"></span>olid<span class=\"_ _0\"></span>ated st<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>uct<span class=\"_ _0\"></span>u<span class=\"_ _0\"></span>red ent<span class=\"_ _0\"></span>ities<span class=\"_ _3b2\"> </span>As par<span class=\"_ _3\"></span>t of its investm<span class=\"_ _0\"></span>ent ac<span class=\"_ _0\"></span>tivi<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>, the Gr<span class=\"_ _0\"></span>oup also inve<span class=\"_ _0\"></span>sts in unc<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>soli<span class=\"_ _0\"></span>dated str<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>ture<span class=\"_ _0\"></span>d enti<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>. As at 31 De<span class=\"_ _0\"></span>cem<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>24, the Gr<span class=\"_ _0\"></span>oup\u2019s interes<span class=\"_ _0\"></span>t in suc<span class=\"_ _0\"></span>h enti<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s refl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted on t<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up\u2019s Co<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>lidated B<span class=\"_ _0\"></span>ala<span class=\"_ _0\"></span>nce S<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t and cl<span class=\"_ _0\"></span>assi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ed as f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nts he<span class=\"_ _0\"></span>ld at fai<span class=\"_ _0\"></span>r value t<span class=\"_ _0\"></span>hrou<span class=\"_ _0\"></span>gh prof<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>t or lo<span class=\"_ _0\"></span>ss was \u00a325<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>01<span class=\"_ _1\"></span>5m (202<span class=\"_ _0\"></span>3: \u00a3<span class=\"_ _0\"></span>23<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>m). <span class=\"_ _1\"></span>A summ<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y of the Gro<span class=\"_ _0\"></span>up\u2019s interests in un<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>nso<span class=\"_ _0\"></span>lidated s<span class=\"_ _0\"></span>tru<span class=\"_ _0\"></span>ctu<span class=\"_ _0\"></span>red ent<span class=\"_ _0\"></span>itie<span class=\"_ _0\"></span>s is provid<span class=\"_ _0\"></span>ed be<span class=\"_ _0\"></span>low:<span class=\"_ _3b2\"> </span><table class=\"s w46b h1d4\" id=\"_bbfeee36-b9d9-41ff-a98c-621b783e3dfb\"><tr><td></td><td class=\"t m2 xac7 h13 y48ce ff5 fs9 fc1 sc0 ls38 ws3a\">Financial<span class=\"_ _3b2\"> </span></td><td class=\"t m2 xbad hf y48ce ff3 fs9 fc1 sc0 ls187 ws19c\">Financial<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 xb54 h13 y48cf ff6 fs9 fc1 sc0 ls3d ws131\">investments<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1381 hf y48cf ff3 fs9 fc1 sc0 ls187 ws19c\">investments<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x1c6 h13 y48d0 ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c7 hf y48d0 ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m2 x1c8 h13 y48d1 ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m2 x1c9 hf y48d1 ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"t m2 x206 hb y48d2 ff5 fs6 fc1 sc0 ls10e ws54\">Debt secu<span class=\"_ _0\"></span>rities<span class=\"_ _3b2\"> </span></td><td></td><td></td></tr><tr><td class=\"t m2 x206 hc y48d3 ff4 fs6 fc1 sc0 ls56 ws55\">An<span class=\"_ _0\"></span>aly<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d as:<span class=\"_ _3b2\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1cb y4301 w5b6 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls10e ws54\">Asset backed securities<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1e7 y4301 w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">4,024<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1e8 y4301 w37 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,575<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y41cd w71b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls112 ws1e\">Se<span class=\"_ _0\"></span>curi<span class=\"_ _0\"></span>tisation<span class=\"_ _0\"></span>s and debe<span class=\"_ _0\"></span>ntures<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x182e y41cd w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">962<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x182f y41cd w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">150<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y48d4 w71c h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls11e ws141\">CDOs<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1830 y48d4 w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">66<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb26 y48d4 w39 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">69<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m2 x206 hb y48d5 ff6 fs6 fc1 sc0 ls56 ws55\">Inve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt fu<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d spe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>lis<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d inves<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>t vehi<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>es<span class=\"_ _3b2\"> </span></td><td></td><td></td></tr><tr><td class=\"t m2 x206 hc y48d6 ff4 fs6 fc1 sc0 ls56 ws55\">An<span class=\"_ _0\"></span>aly<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d as:<span class=\"_ _3b2\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x1cb y41d1 w71d h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls11c ws25\">Unit t<span class=\"_ _1\"></span>rusts<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1831 y41d1 w2f h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">13,991<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14cb y41d1 w3e h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">12,382<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4508 w71e h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws23\">Property limit<span class=\"_ _1\"></span>ed partnership<span class=\"_ _1\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1599 y4508 w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">806<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa09 y4508 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">881<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4189 w71f h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>xch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e tr<span class=\"_ _0\"></span>ade<span class=\"_ _0\"></span>d fu<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x234 y4189 w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">209<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x235 y4189 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">385<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y43a6 w720 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 lsea ws27\">Liquidit<span class=\"_ _0\"></span>y funds<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1832 y43a6 w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">22<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1833 y43a6 w4b h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">750<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c0 w721 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls1aa ws1e5\">I<span class=\"_ _0\"></span>C<span class=\"_ _0\"></span>AV<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x904 y40c0 w4a h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">279<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1ed y40c0 w4b h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">189<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4180 w722 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls11b ws13f\">OEICs<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1834 y4180 w4a h11b\"><div class=\"t m2 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">411<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x14c4 y4180 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">481<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c2 w723 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls1aa ws1e5\">S<span class=\"_ _0\"></span>I<span class=\"_ _0\"></span>C<span class=\"_ _3\"></span>AVs<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x137b y40c2 w4a h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">569<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x137c y40c2 w42 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">386<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4121 w724 h11b\"><div class=\"t m2 x1ca hc y408a ff3 fs6 fc1 sc0 lsf3 wsfa\">SIFs<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1835 y4121 w36 h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">3,650<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1241 y4121 w30 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">4,100<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4122 w725 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws23\">Property unit trus<span class=\"_ _1\"></span>ts<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x56b y4122 w7b h11b\"><div class=\"t m2 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">26<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x205 y4122 w42 h11b\"><div class=\"t m2 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">106<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w21b h11b\"><div class=\"t m2 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws0\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x57c y40ae w2f h11b\"><div class=\"t m2 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">25,015<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3bf y40ae wd3 h11c\"><div class=\"t m2 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">23,454<span class=\"_ _3b2\"> </span></div></td></tr></table>Mana<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t fees rec<span class=\"_ _0\"></span>ei<span class=\"_ _0\"></span>ved for invest<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts that the Gro<span class=\"_ _0\"></span>up man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>s also repre<span class=\"_ _0\"></span>sen<span class=\"_ _0\"></span>t interes<span class=\"_ _0\"></span>ts in unc<span class=\"_ _0\"></span>onso<span class=\"_ _0\"></span>lida<span class=\"_ _0\"></span>ted stru<span class=\"_ _0\"></span>ctu<span class=\"_ _0\"></span>red en<span class=\"_ _0\"></span>titi<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, and the Gro<span class=\"_ _0\"></span>up always maint<span class=\"_ _0\"></span>ains an intere<span class=\"_ _0\"></span>st in tho<span class=\"_ _0\"></span>se fun<span class=\"_ _0\"></span>ds whic<span class=\"_ _0\"></span>h it mana<span class=\"_ _0\"></span>ges<span class=\"_ _0\"></span>. Whe<span class=\"_ _0\"></span>re the Gro<span class=\"_ _0\"></span>up do<span class=\"_ _0\"></span>es not man<span class=\"_ _0\"></span>age th<span class=\"_ _0\"></span>e investm<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span>, its ma<span class=\"_ _0\"></span>xim<span class=\"_ _0\"></span>um exp<span class=\"_ _0\"></span>osu<span class=\"_ _0\"></span>re to loss is the car<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 in the Grou<span class=\"_ _0\"></span>p Co<span class=\"_ _0\"></span>nsoli<span class=\"_ _0\"></span>dated Ba<span class=\"_ _0\"></span>lanc<span class=\"_ _0\"></span>e Sh<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t. W<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>e the Grou<span class=\"_ _0\"></span>p doe<span class=\"_ _0\"></span>s manag<span class=\"_ _0\"></span>e thes<span class=\"_ _0\"></span>e investm<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span>, the ma<span class=\"_ _0\"></span>xim<span class=\"_ _0\"></span>um exp<span class=\"_ _0\"></span>osu<span class=\"_ _0\"></span>re is the un<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>ly<span class=\"_ _0\"></span>ing bal<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e she<span class=\"_ _0\"></span>et valu<span class=\"_ _0\"></span>e, toge<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r with fu<span class=\"_ _0\"></span>ture man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt fees<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e table b<span class=\"_ _0\"></span>elow sh<span class=\"_ _0\"></span>ows the asse<span class=\"_ _0\"></span>ts unde<span class=\"_ _0\"></span>r mana<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t of those str<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>ture<span class=\"_ _0\"></span>d enti<span class=\"_ _0\"></span>ties whi<span class=\"_ _0\"></span>ch the Gr<span class=\"_ _0\"></span>oup ma<span class=\"_ _0\"></span>nage<span class=\"_ _0\"></span>s, tog<span class=\"_ _0\"></span>ethe<span class=\"_ _0\"></span>r with inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt mana<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t fees rec<span class=\"_ _0\"></span>eive<span class=\"_ _0\"></span>d from ex<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>rnal pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s.<span class=\"_ _3b2\"> </span><table class=\"s w726 h1d5\" id=\"_de388bf6-e538-4d4d-8ee8-44040c955569\"><tr><td></td><td></td><td class=\"t m0 x45d h13 y48d7 ff6 fs9 fc1 sc0 ls2c ws34\">Inve<span class=\"_ _1\"></span>stment<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m0 x1504 hf y48d7 ff3 fs9 fc1 sc0 ls187 ws19c\">Investment<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x1836 h13 y48d8 ff5 fs9 fc1 sc0 ls3d ws131\">management<span class=\"_ _3b2\"> </span></td><td></td><td class=\"t m0 x8d4 hf y48d8 ff3 fs9 fc1 sc0 ls1b ws1f\">manageme<span class=\"_ _0\"></span>nt<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m0 x866 h13 y48d9 ff5 fs9 fc1 sc0 ls193 ws1b7\">AUM<span class=\"_ _3b2\"> </span></td><td class=\"t m0 xb68 h13 y48d9 ff5 fs9 fc1 sc0 ls1b ws1f\">fees<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x49a hf y48d9 ff3 fs9 fc1 sc0 ls187 ws19c\">AUM<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x145d hf y48d9 ff3 fs9 fc1 sc0 ls18b ws186\">fee<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m0 x430 h13 y48da ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x431 h13 y48da ff5 fs9 fc1 sc0 ls88 ws8d\">2024<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c6 hf y48da ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c7 hf y48da ff3 fs9 fc1 sc0 ls29 ws30\">2023<span class=\"_ _3b2\"> </span></td></tr><tr><td></td><td class=\"t m0 xac3 h13 y48db ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x433 h13 y48db ff5 fs9 fc1 sc0 ls3c ws11e\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c8 hf y48db ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td><td class=\"t m0 x1c9 hf y48db ff3 fs9 fc1 sc0 ls14a ws164\">\u00a3m<span class=\"_ _3b2\"> </span></td></tr><tr><td class=\"c n x1cb y40b8 w727 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">Inve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt fu<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1837 y40b8 w81 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">103,510<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x5b3 y40b8 w4a h118\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">131<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1838 y40b8 w3e h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">91,256<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1839 y40b8 w42 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">124<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ba w728 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">Sp<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d inve<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>nt veh<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x183a y40ba w93 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">29,688<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x183b y40ba w70 h118\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">54<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x183c y40ba w3e h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">30,624<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x183d y40ba w39 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">61<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"t m0 x206 hc y48dc ff4 fs6 fc1 sc0 ls56 ws55\">An<span class=\"_ _0\"></span>aly<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d as:<span class=\"_ _3b2\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x1cb y41d1 w729 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1f ws24\">ACS<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x183e y41d1 w36 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,538<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x183f y41d1 w59 h118\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa8a y41d1 w37 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,530<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x22a y41d1 w75 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4508 w722 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls11b ws13f\">OEICs<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x853 y4508 w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls56 ws55\">222<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x764 y4508 w59 h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1840 y4508 w4b h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">276<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1841 y4508 w50 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40be w723 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls1aa ws1e5\">S<span class=\"_ _0\"></span>I<span class=\"_ _0\"></span>C<span class=\"_ _3\"></span>AVs<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1842 y40be w36 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">2,358<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1843 y40be w59 h118\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws0\">3<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x831 y40be w37 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">1,960<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1844 y40be w75 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40bf w71e h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws23\">Property limit<span class=\"_ _1\"></span>ed partnership<span class=\"_ _1\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x92b y40bf w36 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">3,289<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1845 y40bf w7b h118\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">13<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1846 y40bf w37 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">3,380<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xb26 y40bf w39 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">16<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c0 w71f h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws0\">E<span class=\"_ _0\"></span>xch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e tr<span class=\"_ _0\"></span>ade<span class=\"_ _0\"></span>d fu<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x76b y40c0 w36 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">9,463<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1532 y40c0 w70 h118\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">25<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1847 y40c0 w3e h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">11,127<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x6ef y40c0 w39 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">29<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40c1 w721 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls1aa ws1e5\">I<span class=\"_ _0\"></span>C<span class=\"_ _0\"></span>AV<span class=\"_ _0\"></span>s<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1848 y40c1 w36 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">6,522<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1849 y40c1 wa8 h118\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws0\">8<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x184a y40c1 w30 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">7,434<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xf9d y40c1 w50 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">8<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4182 w72a h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls180 ws19b\">QIAIF<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x439 y4182 w4a h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls56 ws55\">967<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x936 y4182 wa8 h118\"><div class=\"t m0 x1ca h1a y4088 ff5 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x937 y4182 w42 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">852<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x3a5 y4182 w75 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4183 w720 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 lsea ws27\">Liquidit<span class=\"_ _0\"></span>y funds<span class=\"_ _3b2\"> </span></div></td><td class=\"c n xa67 y4183 wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x184b y4183 wa5 h118\"><div class=\"t m0 x1ca h1a y4088 ff6 fs6 fc1 sc0 ls1 ws0\">\u2013<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x139e y4183 w42 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls56 ws55\">303<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x184c y4183 w50 h118\"><div class=\"t m0 x1ca h1a y4088 ff3 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y4158 w72b h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls12e ws142\">CCF<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x184d y4158 w36 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">4,329<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1393 y4158 w59 h118\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws0\">2<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x184e y4158 w37 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">2,762<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x184f y4158 w50 h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls1 ws0\">1<span class=\"_ _3b2\"> </span></div></td></tr><tr><td class=\"c n x1cb y40ae w21b h118\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls1 ws0\">T<span class=\"_ _1\"></span>otal<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1850 y40ae w89 h118\"><div class=\"t m0 x1ca hc y408a ff6 fs6 fc1 sc0 ls56 ws55\">133,198<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1622 y40ae w4a h118\"><div class=\"t m0 x1ca hc y408a ff5 fs6 fc1 sc0 ls56 ws55\">185<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x1851 y40ae w82 h119\"><div class=\"t m0 x1ca hc y408a ff4 fs6 fc1 sc0 ls56 ws55\">121,880<span class=\"_ _3b2\"> </span></div></td><td class=\"c n x403 y40ae w4b h118\"><div class=\"t m0 x1ca hc y408a ff3 fs6 fc1 sc0 ls56 ws55\">185<span class=\"_ _3b2\"> </span></div></td></tr></table>No signif<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>can<span class=\"_ _0\"></span>t spons<span class=\"_ _0\"></span>ors<span class=\"_ _0\"></span>hip has be<span class=\"_ _0\"></span>en provid<span class=\"_ _0\"></span>ed to any <span class=\"_ _1\"></span>of the above entitie<span class=\"_ _0\"></span>s. The Gro<span class=\"_ _0\"></span>up has not, and has no intentio<span class=\"_ _0\"></span>n, to provide any signif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial<span class=\"_ _0\"></span> or other sup<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t to <span class=\"_ _1\"></span>any other str<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>ture<span class=\"_ _0\"></span>d entiti<span class=\"_ _0\"></span>es whic<span class=\"_ _0\"></span>h it does not cons<span class=\"_ _0\"></span>olid<span class=\"_ _0\"></span>ate.<span class=\"_ _3b2\"> </span>In additi<span class=\"_ _0\"></span>on to the above, the Group has an expos<span class=\"_ _0\"></span>ure of <span class=\"_ _1\"></span>\u00a3<span class=\"_ _0\"></span>26<span class=\"_ _0\"></span>0m (202<span class=\"_ _0\"></span>3: \u00a3<span class=\"_ _0\"></span>23<span class=\"_ _0\"></span>9m) related to <span class=\"_ _1\"></span>spe<span class=\"_ _0\"></span>cial pur<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>se vehic<span class=\"_ _0\"></span>les clas<span class=\"_ _0\"></span>sif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d as <span class=\"_ _1\"></span>join<span class=\"_ _0\"></span>t ventures and<span class=\"_ _0\"></span> acc<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nted for using the equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y metho<span class=\"_ _0\"></span>d, wit<span class=\"_ _0\"></span>h a <span class=\"_ _1\"></span>car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing value on the Gro<span class=\"_ _0\"></span>up Con<span class=\"_ _0\"></span>soli<span class=\"_ _0\"></span>dated Bala<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e She<span class=\"_ _0\"></span>et as at <span class=\"_ _1\"></span>31 Dec<span class=\"_ _0\"></span>emb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>24 of <span class=\"_ _1\"></span>\u00a3nil (202<span class=\"_ _0\"></span>3: \u00a3nil<span class=\"_ _0\"></span>).",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInformationAboutConsolidatedStructuredEntitiesExplanatory",
    "language": "en",
    "entity": "scheme:213800JH9QQWHLO99821",
    "period": "2024-01-01T00:00:00/2025-01-01T00:00:00"
   }
  }
 }
}